Equine Capital has informed Bursa Malaysia of the following:
On 22 August, Equine’s associate company, Abad Naluri, the developer of the Penang Global City Centre, received a letter from the Penang Municipal Council (MPPP) dated 18 August 2008 advising the company that its proposed development plans for the Penang Global City Centre Project had been rejected.
Abad Naluri is currently in the process of appealing the MPPP’s decision, addressing the various points and concerns raised by the MPPP.
Gosh, they don’t give up, do they? Hello, it’s supposed to be dead and buried, remember?
Antares has this timely reminder for us:
At this juncture of Malaysia’s evolution, we must revise all the nonsensical and deleterious unwisdom that was pumped into us by the school system, mass media, and government propaganda – and turn away from greed-driven “devilopment.” This is the return path to wholeness and harmony where we value LIFE ITSELF beyond the abstract notion of monetary “profit” (which usually benefits only a tiny elite of politically connected towkays).
This is a complex subject, but I just wanted to use this opportunity – now that we have sincere people at the helm in Penang, Selangor, Perak, Kelantan, KUala Lumpur, and Kedah (and within a matter of days, at most weeks, a brand new uncorrupt federal government) – to remind people that the problem lies with our putting the cart of economic expediency before the horse of ethical and aesthetic maturity, having been taught for generations to look down the wrong end of the telescope at reality.