The Selangor government’s latest RM9.65 billion offer is derived in parts from the book value of the water assets held by the concessionaire, a spokesperson said.
This means that it is not valued using the discounted cash flow (DCF) method which takes into account future earnings from scheduled tariff hikes during the concession period, for distributor Syarikat Bekalan Air Selangor (Syabas), which the state is contesting.
“The value was derived after imputing a 12 percent annual return on equity and taking into consideration the outstanding water-related liabilities as well as the book value of the water assets.
“In the event that (the concessionaires) dispute the price, they can refer the matter to international arbitration, the result of which the state government is prepared to accept,” the state official said.
Analysts following the issue say that this use of book value as opposed to DCF, generally means that the total valuation will be lower than expected.
Thursday, February 28, 2013
KiniBiz:Selangor water: Privatisation gone awry
In October last year, residents at several suburbs in Selangor woke up to dry taps. What followed was another episode in the four-year wrangling over the water industry in the state.
Pointing their fingers at one another was water distribution concessionaire Syarikat Bekalan Air Selangor (Syabas) and the state government. But whose fault was it?
Subramaniam Pillay is an economist who worked on the earlier offers made by the Pakatan Rakyat-led Selangor government to consolidate the fragmented industry. Mismatch between what the state is willing to offer and what the concessionaires are willing to accept has led to the stalemate hogging headlines today.
But Subramaniam says that the story of how the water industry became fragmented in the first place is the story of the original sin. This story, he says, begins in 1994 with the first bite of the privatisation apple.
Before 1994, Selangor water works was handled by the state. Jabatan Bekalan Air Selangor (JBAS) would source water from its rivers, treat it and distribute it to consumers—and mostly at a profit.
Researchers estimate that JBAS turned profits of RM50 to 80 million annually in the 1980s. Subramaniam claims that JBAS veterans whom he met in the course of his work assisting the state government attest to this.
Pointing their fingers at one another was water distribution concessionaire Syarikat Bekalan Air Selangor (Syabas) and the state government. But whose fault was it?
Subramaniam Pillay is an economist who worked on the earlier offers made by the Pakatan Rakyat-led Selangor government to consolidate the fragmented industry. Mismatch between what the state is willing to offer and what the concessionaires are willing to accept has led to the stalemate hogging headlines today.
But Subramaniam says that the story of how the water industry became fragmented in the first place is the story of the original sin. This story, he says, begins in 1994 with the first bite of the privatisation apple.
Before 1994, Selangor water works was handled by the state. Jabatan Bekalan Air Selangor (JBAS) would source water from its rivers, treat it and distribute it to consumers—and mostly at a profit.
Researchers estimate that JBAS turned profits of RM50 to 80 million annually in the 1980s. Subramaniam claims that JBAS veterans whom he met in the course of his work assisting the state government attest to this.
KiniBiz:Rozali asks Selangor to explain
Water concessionaire Puncak Niaga Holdings Bhd has sent a letter to the Selangor government seeking clarification on certain aspects of the offer made by the state, for its assets.
“We haven’t finalised anything yet. Only after the clarifications are made can we decide on whether to sell or not. We have a few things to clarify, only then can we decide… It’s still early,” Puncak’s executive chairman and controlling shareholder Rozali Ismail told KiniBiz.
Puncak wholly owns Puncak Niaga (M) Sdn Bhd (PNSB) a water treatment company, and has 70 percent of water distributor Syarikat Bekalan Air Selangor Sdn Bhd (Syabas).
Rozali also cast doubts on whether the other big water treatment player, Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) would accept the offer made by the state.
“I’m sure they (Splash) have a lot of questions as well,” Rozali quipped.
“We haven’t finalised anything yet. Only after the clarifications are made can we decide on whether to sell or not. We have a few things to clarify, only then can we decide… It’s still early,” Puncak’s executive chairman and controlling shareholder Rozali Ismail told KiniBiz.
Puncak wholly owns Puncak Niaga (M) Sdn Bhd (PNSB) a water treatment company, and has 70 percent of water distributor Syarikat Bekalan Air Selangor Sdn Bhd (Syabas).
Rozali also cast doubts on whether the other big water treatment player, Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) would accept the offer made by the state.
“I’m sure they (Splash) have a lot of questions as well,” Rozali quipped.
Tuesday, February 26, 2013
Top 10 issues in Pakatan’s manifesto
Pakatan Rakyat has headed off BN by announcing the coalition’s election pledges first for the 13th general election today.
The document, dubbed ‘The People’s Pact, The People’s Hope’, appears to expand on the three parties’ common policies outlined in their Buku Jingga document.
Pakatan’s manifesto is available in six languages and can be downloaded from the coalition’s official website.
The document, dubbed ‘The People’s Pact, The People’s Hope’, appears to expand on the three parties’ common policies outlined in their Buku Jingga document.
Pakatan’s manifesto is available in six languages and can be downloaded from the coalition’s official website.
Monday, February 25, 2013
Bernama:Selangor water problems just keep flowing in
Rotting pipes, crumbling roofs over treatment plants, overworked pumps that break down and worst of all, not enough treated water for domestic and industrial users.
The Selangor water situation is in a mess.
The state government is holding up permission for four concessionaires to get funds to fix these problems because it is bent on taking over the companies.
Nearly five years since it announced its intention to “restructure the industry”, Mentri Besar Tan Sri Abdul Khalid Ibrahim has now made his fourth bid after previous attempts were rejected by them.
The Selangor Government’s offer of RM9.65bil as announced by Khalid on Wednesday to the concessionaires actually raises more questions like “where is the funding coming from?” and “which banks are prepared to back this offer?”
The Selangor water situation is in a mess.
The state government is holding up permission for four concessionaires to get funds to fix these problems because it is bent on taking over the companies.
Nearly five years since it announced its intention to “restructure the industry”, Mentri Besar Tan Sri Abdul Khalid Ibrahim has now made his fourth bid after previous attempts were rejected by them.
The Selangor Government’s offer of RM9.65bil as announced by Khalid on Wednesday to the concessionaires actually raises more questions like “where is the funding coming from?” and “which banks are prepared to back this offer?”
MediaSelangor:Free Water Continued, State Government Hopes Takeover of Water Industry Will Avoid Tariff Increase
While supporting the State Government’s efforts to takeover the water industry, the residents here hopes that the free 20 cubic metres of water scheme will be continued should Pakatan Rakyat (PR) return to govern Selangor in the upcoming election.
After listening to a briefing at the Water Forum here, the people fear that the water tariff will increase again should Umno-BN return to rule Selangor.
this is because according to the 2004 Water Privatisation Agreement, Syabas is authorised to increase water tariffs by 37 percent in 2009 and 25 percent in 2012.
The increase was prevented by Selangor PR when it started to govern the state in 2008, the same year the State Government introduced the 20 cubic metres of free water scheme.
The Chairman of the Bandar Baru Ampang Residents Association, Cheah Ken Voon, 63, said that the people in Selangor has never experienced the benefits of free water when the State was under the Umno-BN Government.
After listening to a briefing at the Water Forum here, the people fear that the water tariff will increase again should Umno-BN return to rule Selangor.
this is because according to the 2004 Water Privatisation Agreement, Syabas is authorised to increase water tariffs by 37 percent in 2009 and 25 percent in 2012.
The increase was prevented by Selangor PR when it started to govern the state in 2008, the same year the State Government introduced the 20 cubic metres of free water scheme.
The Chairman of the Bandar Baru Ampang Residents Association, Cheah Ken Voon, 63, said that the people in Selangor has never experienced the benefits of free water when the State was under the Umno-BN Government.
MediaSelangor:Selangor Government Prepared Should Water Sabotage Happen
The Selangor State Government has thoroughly prepared to face any possibilities of sabotage to the water supply of the state.
Selangor Exco, Dr Yunus Hairi said that allegations that there will be water disruptions after the dissolving of the Selangor State Assembly and Parliament when Umno-BN uses the water issue as a political campaign in the 13 General Elections (GE-13) to snatch Selangor.
“The State Government is ready with plans such as preparing water tankers which will be implemented with cooperation from local authorities,” said Dr Yunus.
He said this during an explanation of the water issue which was held here at Dewan Seri Bernam.
Dr Yunus added that the provision of free water for these five years under the administration of Pakatan Rakyat in Selangor proves that the coalition safeguards the welfare of the people.
He said that previously, Umno-BN has claimed that the state government will go bankrupt in the next three months after the free water programme begun.
Selangor Exco, Dr Yunus Hairi said that allegations that there will be water disruptions after the dissolving of the Selangor State Assembly and Parliament when Umno-BN uses the water issue as a political campaign in the 13 General Elections (GE-13) to snatch Selangor.
“The State Government is ready with plans such as preparing water tankers which will be implemented with cooperation from local authorities,” said Dr Yunus.
He said this during an explanation of the water issue which was held here at Dewan Seri Bernam.
Dr Yunus added that the provision of free water for these five years under the administration of Pakatan Rakyat in Selangor proves that the coalition safeguards the welfare of the people.
He said that previously, Umno-BN has claimed that the state government will go bankrupt in the next three months after the free water programme begun.
Bernama:Selangor Water In A Mess
Rotting pipes, crumbling roofs over treatment plants, overworked pumps that break down, water treatment plants working at full capacity -- and worst of all, not enough treated water for domestic and industrial users -- the Selangor water problem is wallowing in a mess.
The state government is holding up permission for the four concessionaires to get funds to fix these problems because it is bent on taking over the water companies.
But after nearly five years since it announced its intention to "restructure the industry", Menteri Besar Tan Sri Abdul Khalid Ibrahim has now made his fourth bid after the three previous attempts were rejected by them.
The Selangor state government's offer of RM9.65 billion as announced by Khalid on Wednesday to the four concessionaries, actually raises more questions than answers like "Where is huge funding coming from?" and "Which banks are prepared to back this offer?"
Khalid was asked this question by reporters but chose to keep it close to his chest. He may have already thought out his strategy.
The state government is holding up permission for the four concessionaires to get funds to fix these problems because it is bent on taking over the water companies.
But after nearly five years since it announced its intention to "restructure the industry", Menteri Besar Tan Sri Abdul Khalid Ibrahim has now made his fourth bid after the three previous attempts were rejected by them.
The Selangor state government's offer of RM9.65 billion as announced by Khalid on Wednesday to the four concessionaries, actually raises more questions than answers like "Where is huge funding coming from?" and "Which banks are prepared to back this offer?"
Khalid was asked this question by reporters but chose to keep it close to his chest. He may have already thought out his strategy.
Friday, February 22, 2013
Bernama:Puncak Niaga Will Study Takeover Offer
Puncak Niaga Holdings Bhd will study the offer by Kumpulan Darul Ehsan Berhad (KDEB) to takeover Selangor's water industry, said the company's executive chairman Tan Sri Rozali Ismail.
Rozali said the company's subsidiaries, Puncak Niaga (M) Sdn Bhd and Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) had received the offer letters from KDEB yesterday, on behalf of the Selangor state government.
"We will study the offer thoroughly and consult the board of directors, minority share holders, financial institutions and parties with interests in the companies, before making a decision," he said in a statement.
Puncak Niaga also needed to get the view of the Federal government in its capacity as the golden share holder in Syabas, he said.
Wednesday, the Selangor State Executive Committee allowed KDEB to make a RM9.65 billion offer to begin the takeover process of Selangor's water concessionaire companies, which are Syabas, Puncak Niaga Sdn Bhd, Konsortium Abass Sdn Bhd and Syarikat Pengeluar Air Selangor Holding (Splash).
Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said the takeover of the four companies would include their liabilities as well.-- BERNAMA
Rozali said the company's subsidiaries, Puncak Niaga (M) Sdn Bhd and Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) had received the offer letters from KDEB yesterday, on behalf of the Selangor state government.
"We will study the offer thoroughly and consult the board of directors, minority share holders, financial institutions and parties with interests in the companies, before making a decision," he said in a statement.
Puncak Niaga also needed to get the view of the Federal government in its capacity as the golden share holder in Syabas, he said.
Wednesday, the Selangor State Executive Committee allowed KDEB to make a RM9.65 billion offer to begin the takeover process of Selangor's water concessionaire companies, which are Syabas, Puncak Niaga Sdn Bhd, Konsortium Abass Sdn Bhd and Syarikat Pengeluar Air Selangor Holding (Splash).
Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said the takeover of the four companies would include their liabilities as well.-- BERNAMA
Wednesday, February 20, 2013
Harakah:S'gor tawar RM9.65 bilion ambil alih pengurusan air
Kerajaan Negeri Selangor melalui Kumpulan Darul Ehsan Berhad (KDEB) membuat tawaran bernilai RM9.65 billion bagi memulakan proses pengambilalihan syarikat-syarikat konsesi air di negeri itu.
Menteri Besar Tan Sri Abdul Khalid Ibrahim berkata, nilai tawaran itu telah diputuskan dalam mesyuarat exco hari ini dan surat tawaran kepada Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Puncak Niaga Sd Bhd, Konsortium Abass Sdn Bhd dan Syarikat Pengeluar Air Selangor Holding (Splash) akan dikeluarkan secara rasmi oleh KDEB petang ini.
"Kerajaan Negeri juga berpandangan tawaran tinggi yang kita berikan ini adalah untuk menyelesaikan masalah penswastaan air yang ternyata gagal memberi perkhidmatan cemerlang kepada rakyat dan berharap semua pengusaha air temasuk Tan Sri Rozali Ismail tidak memprejudiskan usaha ini.
"Kita juga yakin tawaran ini tidak akan merugikan syarikat-syarikat berkenaan kerana jumlah ini merupakan pulangan 12% setahun terhadap ekuiti – yang mereka miliki berbanding dengan pulangan lazim bagi industri air iaitu hanya 6%. Tambahan pula segala liabiliti akan juga diambil alih oleh KDEB menerusi Special Purpose Vehicle," katanya dalam satu kenyataan.
Menteri Besar Tan Sri Abdul Khalid Ibrahim berkata, nilai tawaran itu telah diputuskan dalam mesyuarat exco hari ini dan surat tawaran kepada Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Puncak Niaga Sd Bhd, Konsortium Abass Sdn Bhd dan Syarikat Pengeluar Air Selangor Holding (Splash) akan dikeluarkan secara rasmi oleh KDEB petang ini.
"Kerajaan Negeri juga berpandangan tawaran tinggi yang kita berikan ini adalah untuk menyelesaikan masalah penswastaan air yang ternyata gagal memberi perkhidmatan cemerlang kepada rakyat dan berharap semua pengusaha air temasuk Tan Sri Rozali Ismail tidak memprejudiskan usaha ini.
"Kita juga yakin tawaran ini tidak akan merugikan syarikat-syarikat berkenaan kerana jumlah ini merupakan pulangan 12% setahun terhadap ekuiti – yang mereka miliki berbanding dengan pulangan lazim bagi industri air iaitu hanya 6%. Tambahan pula segala liabiliti akan juga diambil alih oleh KDEB menerusi Special Purpose Vehicle," katanya dalam satu kenyataan.
FreeMalaysiaToday:S’gor tawar RM9.65 bilion untuk konsesi air
Kerajaan Negeri Selangor melalui anak syarikatnya Kumpulan Darul Ehsan Berhad (KDEB) akan memulakan proses pengambilalihan perkhidmatan air daripada pemegang konsesi air dengan membuat tawaran bernilai RM9.65 bilion.
Surat tawaran itu adalah kepada empat syarikat iaitu Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Puncak Niaga Holdings Bhd, Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) dan Konsortium Abbas.
Menurut Menteri Besar Selangor, Tan Sri Abdul Khalid Ibrahim, tawaran ini tidak merugikan syarikat-syarikat berkenaan kerana jumlah tersebut merupakan pulangan 12 peratus setahun terhadap ekuiti yang mereka miliki.
Ini berbanding dengan pulangan lazim bagi industri air iaitu hanya enam peratus.
Surat tawaran itu adalah kepada empat syarikat iaitu Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Puncak Niaga Holdings Bhd, Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) dan Konsortium Abbas.
Menurut Menteri Besar Selangor, Tan Sri Abdul Khalid Ibrahim, tawaran ini tidak merugikan syarikat-syarikat berkenaan kerana jumlah tersebut merupakan pulangan 12 peratus setahun terhadap ekuiti yang mereka miliki.
Ini berbanding dengan pulangan lazim bagi industri air iaitu hanya enam peratus.
Tuesday, February 19, 2013
Harakah:Air S'gor: Tempoh 14 hari tamat, mesyuarat exco putus esok
Kerajaan Negeri Selangor akan mula mengambil langkah drastik berhubung pengambilalihan air negeri itu selepas tempoh 14 hari kepada kerajaan pusat tamat semalam.
Menteri Besar Tan Sri Abdul Khalid Ibrahim berkata, langkah-langkah tersebut akan diumumkan selepas majlis mesyuarat kerajaan negeri bermesyuarat esok.
“Kerajaan Negeri sudah buat tawaran mengenai perkara ini.
“Kelulusan akan dibuat dalam mesyuarat exco sebelum diumumkan kepada pihak awam,” katanya semalam.
Kelmarin, Abdul Khalid berkata kerajaan negeri akan mengemukakan tawaran pengambilalihan operasi pengurusan bekalan air di negeri itu kepada semua syarikat konsesi mulai minggu hadapan.
Menteri Besar Tan Sri Abdul Khalid Ibrahim berkata, langkah-langkah tersebut akan diumumkan selepas majlis mesyuarat kerajaan negeri bermesyuarat esok.
“Kerajaan Negeri sudah buat tawaran mengenai perkara ini.
“Kelulusan akan dibuat dalam mesyuarat exco sebelum diumumkan kepada pihak awam,” katanya semalam.
Kelmarin, Abdul Khalid berkata kerajaan negeri akan mengemukakan tawaran pengambilalihan operasi pengurusan bekalan air di negeri itu kepada semua syarikat konsesi mulai minggu hadapan.
Bernama:Peter Chin Doubts Selangor Government Can Take Over Water Services
Minister of Energy, Green Technology and Water Datuk Seri Peter Chin Fah Kui doubts that the Selangor government will be able to take over the water services in the state from the concessionaires.
"I doubt this thing can happen," he said referring to Selangor Chief Minister Tan Sri Khalid Ibrahim's announcement on Feb 6 that the state will take over the water services within 14 days.
He said the take-over can only happen with the approval of the Federal Government or a court order.
Another possibility is if the state has completed some negotiations (with the water concessionaires) which he does not know of, Chin said.
"I have no information. I do not see how he (Khalid) can physically take over (the water services)," he told reporters on the sidelines of Tenaga Nasional Bhd's Chinese New Year celebrations here.
The water concessions in Selangor are held by four companies -- Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Puncak Niaga Holdings Bhd, Syarikat Pengeluar Air Selangor Sdn Bhd and Konsortium Abbas.
Syabas is 70 per cent owned by Puncak Niaga and 30 per cent owned by the state government via its subsidiaries.-- BERNAMA
"I doubt this thing can happen," he said referring to Selangor Chief Minister Tan Sri Khalid Ibrahim's announcement on Feb 6 that the state will take over the water services within 14 days.
He said the take-over can only happen with the approval of the Federal Government or a court order.
Another possibility is if the state has completed some negotiations (with the water concessionaires) which he does not know of, Chin said.
"I have no information. I do not see how he (Khalid) can physically take over (the water services)," he told reporters on the sidelines of Tenaga Nasional Bhd's Chinese New Year celebrations here.
The water concessions in Selangor are held by four companies -- Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Puncak Niaga Holdings Bhd, Syarikat Pengeluar Air Selangor Sdn Bhd and Konsortium Abbas.
Syabas is 70 per cent owned by Puncak Niaga and 30 per cent owned by the state government via its subsidiaries.-- BERNAMA
Monday, February 18, 2013
Bernama:Interview With Tun Dr Mahathir Mohamad
Tun Dr Mahathir Mohamad is still active
and continues to work although already having retired almost 10 years as
Prime Minister of Malaysia.
Although his age is almost reaching 88 years (Date of Birth - July 10, 1925), the former prime minister goes to his office each working day while on weekends, delivers talks when invited to do so.
He also actively writes, in his Che Det blog besides contributing articles to The News Straits Times and Utusan Malaysia.
In an interview with Bernama journalists Abdul Aziz Harun, Massita Ahmad, Zairulliati Mali and Prem Kumar Panjamorthy at his office here recently, Dr Mahathir shared his thoughts and hopes on the importance of unity among the races in Malaysia, the upcoming general election, economic matters and the future of national automobile maker Proton, of which he is the advisor.
Below is the full transcript of the interview:
Question: Tun appears to be very healthy. How is Tun keeping up because after 10 years of retiring, Tun is still very active?
Tun M: Generally, I can still move, can talk, even go horse riding, but of course when old there are times to a certain extent, fatigue and illness like cough set in, it's all normal. But about doing work, I do my work as normal. I go to the office on working days and even on weekends, I am invited to give talks, so I work full time. Thank God I still can.
Although his age is almost reaching 88 years (Date of Birth - July 10, 1925), the former prime minister goes to his office each working day while on weekends, delivers talks when invited to do so.
He also actively writes, in his Che Det blog besides contributing articles to The News Straits Times and Utusan Malaysia.
In an interview with Bernama journalists Abdul Aziz Harun, Massita Ahmad, Zairulliati Mali and Prem Kumar Panjamorthy at his office here recently, Dr Mahathir shared his thoughts and hopes on the importance of unity among the races in Malaysia, the upcoming general election, economic matters and the future of national automobile maker Proton, of which he is the advisor.
Below is the full transcript of the interview:
Question: Tun appears to be very healthy. How is Tun keeping up because after 10 years of retiring, Tun is still very active?
Tun M: Generally, I can still move, can talk, even go horse riding, but of course when old there are times to a certain extent, fatigue and illness like cough set in, it's all normal. But about doing work, I do my work as normal. I go to the office on working days and even on weekends, I am invited to give talks, so I work full time. Thank God I still can.
Bernama:Water Shortage May Undo Investments Into Selangor
While Selangor, the country's premier
industrialised state, continues to attract both foreign and domestic
investments, imminent water shortages may undo its pace of developmemt
in the future, according to analysts.
If this happens, it is nothing short of an act of self-betrayal, they said, because a water crisis is predicted to happen by next year and is primarily due to the Selangor Government's blockage of the Langat 2 plant that the federal government has committed to building to treat raw water from Pahang, under a multi-billion ringgit, inter-state pipeline project.
This is also compounded by the state government's denial of approval for the much-needed capital expenditure to main water distributor, Syabas, to upgrade facilities.
Selangor's chairman of the Permanent State Committee for Investments, Industrialisation and Trade Teresa Kok said, 211 manufacturing projects for the state were approved in the January-October period last year, with total investments of RM10.5 billion.
If this happens, it is nothing short of an act of self-betrayal, they said, because a water crisis is predicted to happen by next year and is primarily due to the Selangor Government's blockage of the Langat 2 plant that the federal government has committed to building to treat raw water from Pahang, under a multi-billion ringgit, inter-state pipeline project.
This is also compounded by the state government's denial of approval for the much-needed capital expenditure to main water distributor, Syabas, to upgrade facilities.
Selangor's chairman of the Permanent State Committee for Investments, Industrialisation and Trade Teresa Kok said, 211 manufacturing projects for the state were approved in the January-October period last year, with total investments of RM10.5 billion.
Thursday, February 14, 2013
Harakah:Air: Selangor siap hantar tawaran kepada konsesi
Tempoh 14 hari untuk Kerajaan Persekutuan memberi
maklum balas kepada hasrat Kerajaan Negeri Selangor mengambil alih
perkhidmatan air akan tamat minggu hadapan.
“Oleh itu, kita menyeru Kerajaan Persekutuan untuk bertindak secepat mungkin memandangkan isu penyusunan semula industri air ini melibatkan kepentingan rakyat,” kata Menteri Besar, Tan Sri Abdul Khalid Ibrahim.
Katanya, kerajaan negeri menegaskan ini bukanlah pengambilalihan biasa syarikat komersil.
Ini, jelasnya adalah kerana perjanjian konsesi air melibatkan tiga pihak iaitu Syabas, Kerajaan Pusat dan kerajaan negeri yang pemegang sahamnya adalah rakyat.
Beliau menambah, urusniaga sepatutnya tidak boleh berpaksikan keuntungan semata-mata sebaliknya kebajikan rakyat juga perlu diberi keutamaan.
“Oleh itu, kita menyeru Kerajaan Persekutuan untuk bertindak secepat mungkin memandangkan isu penyusunan semula industri air ini melibatkan kepentingan rakyat,” kata Menteri Besar, Tan Sri Abdul Khalid Ibrahim.
Katanya, kerajaan negeri menegaskan ini bukanlah pengambilalihan biasa syarikat komersil.
Ini, jelasnya adalah kerana perjanjian konsesi air melibatkan tiga pihak iaitu Syabas, Kerajaan Pusat dan kerajaan negeri yang pemegang sahamnya adalah rakyat.
Beliau menambah, urusniaga sepatutnya tidak boleh berpaksikan keuntungan semata-mata sebaliknya kebajikan rakyat juga perlu diberi keutamaan.
Wednesday, February 13, 2013
Saturday, February 9, 2013
MalaysianInsider:In PKR, concerns about MB’s tack on Selangor water woes
The Selangor mentri besar was asked on Wednesday to be faster and more proactive in solving the state’s water supply problems, amid predictions by PKR members that large-scale sabotage will be carried out in the Election 2013, a source from the party has said.
According to the source, the ruling Barisan Nasional (BN) coalition is expected to use the issue to attack Selangor’s Pakatan Rakyat (PR) administration led by Tan Sri Abdul Khalid Ibrahim.
The PKR political bureau member told The Malaysian Insider that discussions in meetings attended by Khalid were related to the water crisis and on the RM120 million financial aid for Syarikat Bekalan Air Selangor (SYABAS) announced by the Prime Minister Datuk Seri Najib Razak recently.
“Last night MB Abdul Khalid was also present, so, many matters that were discussed last night involves the water crisis in Selangor.
“This water issue will be the main modal (capital) for Umno and Barisan Nasional in its campaign in Selangor. Najib’s recent move in announcing financial aid clearly shows this water issue will be played by them until elections,” the source said.
According to the source, the ruling Barisan Nasional (BN) coalition is expected to use the issue to attack Selangor’s Pakatan Rakyat (PR) administration led by Tan Sri Abdul Khalid Ibrahim.
The PKR political bureau member told The Malaysian Insider that discussions in meetings attended by Khalid were related to the water crisis and on the RM120 million financial aid for Syarikat Bekalan Air Selangor (SYABAS) announced by the Prime Minister Datuk Seri Najib Razak recently.
“Last night MB Abdul Khalid was also present, so, many matters that were discussed last night involves the water crisis in Selangor.
“This water issue will be the main modal (capital) for Umno and Barisan Nasional in its campaign in Selangor. Najib’s recent move in announcing financial aid clearly shows this water issue will be played by them until elections,” the source said.
TheChoice:Why Won’t Pakatan Help Fix the Selangor Water Crisis Instead of Criticising?
Sometimes it seems like it doesn't pay to do the right thing. In an effort to end the long-running Selangor water crisis, the Federal Government has rolled up its sleeves and swung into action to take charge of the shambles.
First off it announced plans to enact the long-term solution – the Langat 2 treatment plant, a project that has been stalled by inertia on the part of the PKR-led state government.
Then, just last week, Prime Minister Datuk Seri Najib Razak personally oversaw the payment of RM120 million to water concessionaire Syabas to help it solve the recurrent problems relating to maintenance and equipment saying "we don't want Selangor people to continue being victims."
Although this was the Federal Government effectively saving the skin of the state government after all its dithering, you wouldn't expect Menteri Besar Tan Sri Abdul Khalid Ibrahim to do anything as humble as thank the PM. But you also wouldn't expect Pakatan Rakyat to thumb their nose at the gesture either.
First off it announced plans to enact the long-term solution – the Langat 2 treatment plant, a project that has been stalled by inertia on the part of the PKR-led state government.
Then, just last week, Prime Minister Datuk Seri Najib Razak personally oversaw the payment of RM120 million to water concessionaire Syabas to help it solve the recurrent problems relating to maintenance and equipment saying "we don't want Selangor people to continue being victims."
Although this was the Federal Government effectively saving the skin of the state government after all its dithering, you wouldn't expect Menteri Besar Tan Sri Abdul Khalid Ibrahim to do anything as humble as thank the PM. But you also wouldn't expect Pakatan Rakyat to thumb their nose at the gesture either.
Thursday, February 7, 2013
Harakah:RM3,410,000,000 spent to bail out SYABAS
The latest RM120 million ‘additional allocation’ to Syarikat Bekalan Air Selangor (SYABAS) has pushed the total bailout provided by the BN government to the embattled water concessionaire to a staggering RM3.41 billion since December 2009.
“It is clear to all Malaysians that the BN Government would rather continue to keep Syabas afloat by keeping the company on life-support with billions of ringgit of the rakyat’s money to protect it’s crony’s profit and interests,” said Petaling Jaya Utara member of parliament Tony Pua.
Pua said the recent RM120 million allocation to SYABAS as announced by prime minister Najib Razak was proof of the company's incompetence, and vindicated the Selangor state government of accusations that it caused the recent water crisis.
“It has nothing to do with the shortage of raw water which requires immediate water transfer from Pahang via the exhorbitant RM9 billion Langat 2 project,” said Pua.
He added that the crisis was the result of a deliberate under-investment by SYABAS to upgrade its infrastructure which includes water treatment plants, additional treated water capacity and upgrading old and broken pipes.
“It is clear to all Malaysians that the BN Government would rather continue to keep Syabas afloat by keeping the company on life-support with billions of ringgit of the rakyat’s money to protect it’s crony’s profit and interests,” said Petaling Jaya Utara member of parliament Tony Pua.
Pua said the recent RM120 million allocation to SYABAS as announced by prime minister Najib Razak was proof of the company's incompetence, and vindicated the Selangor state government of accusations that it caused the recent water crisis.
“It has nothing to do with the shortage of raw water which requires immediate water transfer from Pahang via the exhorbitant RM9 billion Langat 2 project,” said Pua.
He added that the crisis was the result of a deliberate under-investment by SYABAS to upgrade its infrastructure which includes water treatment plants, additional treated water capacity and upgrading old and broken pipes.
NST:Damaging results to Selangor water supply buffer
The consequences to the water supply buffer in Selangor may be damaging if all 430 projects in the state that were supposedly stalled have been given the green- light.
In saying this, Selangor Barisan Nasional coordinator Datuk Seri Mohd Zin Mohamed added that the success of projects in the state depended on the state's water reserve.
Projects given the green light needed to be wary as it may only be a short term solution, he said.
"According to our calculation, some areas in Selangor are fluctuating between 1.5 and 2 per cent water buffer, which is way below the industry standard of 20 per cent.
"This buffer is sure to dip if there is a dry spell and this will in turn affect running projects," he told a press conference at Bangunan Umno Selangor today.
He was commenting on Prime Minister Datuk Seri Najib Razak's statement on Sunday that 430 projects in Selangor had been postponed because of the water supply problem.
In saying this, Selangor Barisan Nasional coordinator Datuk Seri Mohd Zin Mohamed added that the success of projects in the state depended on the state's water reserve.
Projects given the green light needed to be wary as it may only be a short term solution, he said.
"According to our calculation, some areas in Selangor are fluctuating between 1.5 and 2 per cent water buffer, which is way below the industry standard of 20 per cent.
"This buffer is sure to dip if there is a dry spell and this will in turn affect running projects," he told a press conference at Bangunan Umno Selangor today.
He was commenting on Prime Minister Datuk Seri Najib Razak's statement on Sunday that 430 projects in Selangor had been postponed because of the water supply problem.
Monday, February 4, 2013
MalaysiaKini:Sgor MB: Federal gov’t should support us, not Syabas
The federal government should support Selangor’s water restructuring exercise instead of giving state water concessionaire Syabas RM120 million in financial aid, said Selangor Menteri Besar Khalid Ibrahim.
He said the water restructuring exercise would give a wholesome solution to the state’s water issues, whereas Syabas has failed to manage the state’s water resources properly.
“History has shown that although Syabas had received a soft loan from the federal government, but the company that has received a 30-year concession to manage water in the Klang Valley, still failed to reduce the percentage of non-revenue water (NRW), which now stands at 33 percent,” he said in a statement today.
He was responding to Prime Minister Najib Abdul Razak’s speech yesterday, who boasted that he approved an RM120 million allocation on top of the existing RM606 million, to help relieve the state’s water issues.
MalaysiaKini:‘BN has spent RM3.41bil to bail out Syabas’
The additional RM120 million allocation to Syarikat Bekalan Air Selangor (Syabas) announced by Prime Minister Najib Abdul Razak (below) has further pushed the amount of the ‘bailout funds’ from the federal government to RM3.41 billion in just four years, claims DAP.
This
shows nothing but Syabas’ incompetence and BN’s continued support to
its crony, DAP national publicity secretary Tony Pua said in a statement
issued last night.Pua pointed out that the RM120 million for Syabas has proven that the Selangor and Kuala Lumpur water crisis had nothing to do with the shortage of raw water, which would require immediate water transfer from Pahang via the exhorbitant RM9 billion Langat 2 project.
“Instead, it proves that the crisis was a result of a deliberate under-investment by Syabas to upgrade its treatment plants, build additional treated water capacity as well as to repair and replace old and broken pipes.
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