There has been a kukewarm response to the Sungai Buluh-Kajang MRT system tender for the supply of trains.
From the Edge, 18 June:
When the tender closed on 11 June, only three of six prequalified companies submitted bids. “Why didn’t the big boys put in their bids? Were they not comfortable with the terms? Or were they not convinced that their bid would get fair consideration?… Something is clearly wrong when, with no big projects elsewhere in this part of the world, a huge job is cold shouldered.”
The Edge wonders why a listed company Naim Indah Corp felt it had to go through a little known firm Aspire Rich Sdn Bhd which issued it an invitation to become 40 per cent shareholder in joint venture for the LPG business of Shell Trading? (Eventually Shell Trading sold the LPG business to Natural Gas of Oman and the 40 per cent stake in the joint venture when to state-owned Kumpulan Perangsang Bhd.)
Why are Malaysians flocking to buy property in Singapore? They accounted for 6 per cent of total sales from January to May, surpassing the Chinese. Are they worried about the Malaysian economy?
Maegma Steel Sdn Bhd is setting up a RM4.8bn integrated steel mill in Manjung, Perak – a project spearheaded by Tunku Yaacob Tunku Abdullah. The plant site is located 20km away from Vale SA’s new pellet plant in Lumut.
Then there is the controversy over the RM1bn Ampang LRT extension eventually awarded a George Kent-led consortium under controversial circumstances. Back in mid-June, The Edge reported: “The George Kent-led group isn’t the cheapest bid, say industry executives.”