PKFZ: Will Heads Roll?
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- Category: Bloggers Buzz
- Posted by Capt Yusof Ahmad aka Ancient Mariner
http://cyusof.blogspot.com/2009/06/pkfz-will-heads-roll.html
June 6, 2009
In 2007, the Ministry of Finance has already extended a RM4.6 billion soft loan at 4% interest rate to Klang Port Authority to salvage the Port Klang Free Zone (PKFZ) project. Now it appears that they will have to extend an additional RM3.56 billion loan to cover the cash flow deficit over the next 20 years! As projected by PriceWaterhouseCoopers (PwC), this restructured financing will cost an additional RM5 billion in interest costs over the next 42 years!
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Malaysia memerlukan sebuah kerajaan yang lebih baik dibentuk dan tadbir urus yang lebih cekap diwujudkan, lebih-lebih lagi pada ketika ini tatkala pertelagahan kaum dan kebencian agama sedang memuncak serta gejala ekstremisme kian menular.
The coming elections provides us an opportunity to exercise our individual and collective right to decide on who will lead this country in the next five years and manage our finances, economy and society in a fair and just manner. If we choose badly we will have only ourselves to blame.