haiya.. pana... its multi-racial la... multi-national is when a non-citizen appointed to the posts...

u r in the mood of buying some shares in multi-national company ah?? walauwey... big capital man..

Teresa Kok and Fong Kui Loon have started installing multi-lingual signboards of KL streets. Just saw some photos of Jalan Bukit Bintang and Jalan Taman Seputeh in Malay, Chinese and Tamil languages in one signboard. I am proud of these people... They are the true malaysians...

This post has been edited by verbatim: Mar 12 2008, 12:16 PM

I like this lady... she is superb... I hope she will get a post.. Selangor should also follow the footsteps of Penang.. Appoint two deputy MBs...

Dont we have any counters related to DAP and PKR leaders?? If so, sure those counters will be the only greens on last monday...

These shows that opposition party leaders were not business-linked.. That corrupt BN fellas adalah!

This post has been edited by verbatim: Mar 12 2008, 12:20 PM

PGCC project 'not even approved yet'
Beh Lih Yi | Mar 12, 08 5:09pm
The multi-billion ringgit Penang Global City Centre (PGCC) project cannot proceed because it has yet to be approved by local government agencies, despite having been announced with great fanfare last year.

Revealing this newly-minted Penang Chief Minister Lim Guan Eng said: "Not a single approval letter has been given to the developer by government authorities, whether the Penang Municipal Council or the land office."

"Unfortunately when Prime Minister Abdullah Ahmad Badawi launched the project (last year), the impression was that approval had been given. The correct information has not been given (to the public)."

In view of the situation, said Guan Eng, the developer cannot start any work at the site or sell the project.

"If they want to proceed, they will have to (comply with) the law," he told a press conference today, adding that the state government will have to process a few papers submitted previously by the developer.

Guan Eng declined to say whether the project had been launched to impress voters and investors in the run-up to the general election, but described his discovery as a "surprising turn of events".

"If you say Penangites have been misled, I also have been misled... The Penang Municipal Council has said it has never given any approval so I don't think we can blame them for that. I would take it at face value," he noted.

Guan Eng was clarifying his statement yesterday that the DAP-led state government would review the suitability of the entire PGCC project.

He said he had been briefed on the status of the project by the relevant authorities after a press conference yesterday.

"Since there is no approval, the issue of review does not arise," he explained today.

The project has prompted strong protests from Penang residents who are concerned with the social and physical impact of the PGCC, which will comprise hotels, condominiums, commercial centres and a central park among other facilities.

Asked to comment, Guan Eng said feedback from residents and relevant NGOs will be taken into consideration in deciding whether or not to approve the project.

He said he has directed that copies of all correspondence or discussions concerning the project should be sent to him, so that he can monitor the negotiation process.

Bouquet from developer

At a cost of RM25 billion, PGCC has been billed as the country's largest private-sector development project. It is also the single-biggest component of the Northern Corridor Economic Region development plan, launched last August.

The developer is Abad Naluri Sdn Bhd - an associate company of Equine Capital Bhd controlled by the premier's ally, businessman Patrick Lim. Equine Capital holds 25 percent of Abad Naluri.

The developer had sent Guan Eng a bouquet yesterday, perked up with small DAP flags. It was the first to arrive at the CM's office to congratulate Guan Eng on his "historic win" in the elections, according to the card attached.

Guan Eng expressed surprise over the gesture: "We can't stop people from sending us bouquets.

"Before the elections, when our representatives want to meet them for dialogues, it was very hard. This is definitely a departure from their previous attitude."

Questions have long been raised as to how Patrick (photo, left) and Equine Capital - which is not in the big league of developers - can undertake the project, leading many to point to his close ties with the First Family as a key factor.

The businessman - dubbed 'Patrick Badawi' by ex-premier Dr Mahathir Mohamad due to his influence over top politicians - has denied the claim.

Penang-born Patrick, 42, also brushed off suggestions that the PGCC project is a 'sweetheart deal' for him and that the premier's son, Kamaludin, is a shareholder in Abad Naluri.

Patrick claimed that Abad Naluri had obtained the land in Batu Kawan land and won the tender for the Penang Turf Club, the site of PGCC, even before Abdullah came into power in 2003.

BAD NEWS FOR EQUINE.. DONT KNW HOW MUCH IT WILL AFFECT THEM NOW

I believe its local political uncertainty and the development in US market..

Uemworld looks like a falling dagger... Anything below 2.60 is reasonable...

Dow futures down 52... If this stays.. we may see a 100 pts drop for Dow tonite..

This post has been edited by verbatim: Mar 13 2008, 10:23 AM

Nice article.. I learned something from it.. U guys should read it

An un-key reversal
Commentary: Thursday appears not to have been a Key Reversal Day


http://www.marketwatch.com/news/story/thur...7D&siteid=yhoof

Do u mean IJM's project in Taman Saujana Puchong is facing problem?? Wat type of problem??

This post has been edited by verbatim: Mar 14 2008, 02:53 PM

I am waiting for below rm6... Monday will be the day to get it at that price...

Breaking News: Mukhriz Mahathir calls PM to quit! Like father like son....

http://www.malaysiakini.com/news/79818

Nothing untoward happened.. They dispersed after police warning...among them, were also the former deputy CM of penang...

If BERSIH buat, they are pondans,
If HINDRAF buat, they are penyangak,
if UMNO buat, apa dia panggil???

They kept slamming BERSIH and HINDRAF before this... both these group were having peaceful gathering... but were called this and that... Now what UMNO has to say for their own members... Abdullah should quit.. thats the only solution..

Our market will be affected to a certain extend because of all these developments...but hopefully not so bad..

This post has been edited by verbatim: Mar 14 2008, 04:31 PM

Dear Mark, When there is a sell on strength call, never buy anything.. For now, keep ur bullets with u.. Don jump in..

A rebound will come when Dow recovers... but now Dow futures also down.. Perhaps another beating for Dow tonite, unless Fed Reserve do something before their market opens.. Gud luck to u...

How much is this gonna help the market as a whole?? Anybody can comment?

Dow may fall over 100pts tonite... Tomoro morning will be the right time to buy... I am waiting.... KNM looks tempting now

Bought KNM below RM5 yesterday...

Sold off my KNM ready... Made a handsome gain... Wana stay away for time being and watch US market again...

WAH CI NOSE DIVING! WHAT HAPPENED? ANY BAD NEWS???

Dow Jones Index looks like already hitting two bottoms and rebounded.. Could be a recovery coming...

Wait... Dont sell now... Be patient... Market maybe at the bottom now especially KLK.. It has corrected so much now.

It has recovered from RM15 to RM15.50 now....