This is the new Sarawak State Assembly building, built at a cost of about RM300 million, on the banks of the Sarawak River in Petra Jaya, Kuching.
Photo credit: Wikipedia
Source: Naim Holdings Bhd Annual Report 2009
The structure was developed by Chief Minister Taib Mahmud’s family-controlled listed firm Cahya Mata Sarawak Bhd and another listed firm, Naim Holdings Bhd. According to the Annual Report 2009 of CMS Bhd, the complex was developed by CMS subsidiary PPES Works (Sarawak), along with a Naim subsidiary, Naim Cendera Sdn Bhd. Naim Holdings’ Annual Report 2009 says these two companies were turnkey contractors for the project, which was completed in May 2009.
Bina Puri Holdings Bhd, a construction company, was also involved. The Bina Puri website lists the contact value for the DUN building as RM229 million.
The building has a high atrium ceiling of nine soaring arches holding up the chamber. Its roof is nine storeys high and the complex has a gross floor area of 40,739 square metres.
Who is behind all these companies?
PPES Works (Sarawak) Sdn Bhd is 51 per cent owned by CMS Works Sdn Bhd (a wholly owned subsidiary of CMS Berhad) and 49 per cent by the Sarawak Economic Development Corporation (SEDC).
Naim Cendera Sdn Bhd is a wholly-owned subsidiary of listed Naim Holdings Berhad. Naim Holdings chairman Abdul Hamed Sepawi is Taib Mahmud’s cousin.
The major shareholders of Naim Holdings are as follows:
1 ISLAND HARVESTS SDN. BHD. 12.9 per cent (direct)
2 DATUK HASMI BIN HASNAN 12.3 per cent (direct) 17.1 per cent (indirect)
3 TAPAK BERINGIN SDN. BHD. 11.6 per cent (direct)
4 DATUK ABDUL HAMED BIN HAJI SEPAWI 5.1 per cent (direct) 11.8 per cent (indirect)
5 LEMBAGA TABUNG HAJI 10.5 per cent (direct)
The major shareholders of Bina Puri Holdings Bhd are:
Jentera Jati Sdn. Bhd. 19.5 per cent
Bumimaju Mawar Sdn. Bhd. 19.2 per cent
Senator Tan Sri Datuk Tee Hock Seng, JP # 14.0 per cent
Dr. Tony Tan Cheng Kiat * 8.8 per cent
Dato’ Mohamed Feisal Bin Ibrahim * 5.1 per cent# includes beneficial interest held through nominee company and indirect holding through Tee Hock Seng Holdings Sdn. Bhd.
* includes beneficial interest held through nominee company.
The largest shareholder, Jentera Jati Sdn Bhd, is reportedly controlled by well-connected tycoon Syed Mokhtar Al-Bukhary.
So who is subsidising whom? Isn’t there a serious conflict of interest in all this?
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A TAIB MAHMUD Foundation is over due. That would be a nice legacy. Time to give some of those millions back to the people.
Productivity growth has halved to 3% since the 1998 Asian crisis and the World Bank says Malaysian firms innovate less than those in Thailand, the Philippines and Vietnam. The drastic drop in productivity is expected as Malaysia relies heavily on unskilled, untrained and ill-educated cheap foreign labor to drive its industry. How can Malaysia firms innovate when its talents leave for greener pastures overseas because of racial discrimination and sweatshop salaries back home? It was reported that salary rise was only 2.6% for the past 20 years! Which Malaysian wants to do difficult innovation jobs with so little pay? Can… Read more »
Malaysiakini: Cut-price sale of Kuching land to Taib’s children.
A company owned by Sarawak Chief Minister Taib Mahmud’s children has obtained land in Kuching at a very low price, causing the state to lose at least RM300 million in potential revenue. Sold at RM291,000 per acre, the three parcels could have fetched RM1.5 million to RM2 million per acre, claims the Bandar Kuching MP.
Taib (family) extending … empire to Sabah?
http://www.themalaysianinsider.com/malaysia/article/more-grumble-over-sarawak-firms-bid-for-sabah-gas-project/
Maria,
And that goes to many of the ethnic Indians especially those in the estate and rural areas who can bee easily duped for some pittance.
MIC/BN knows their hierachy of needs is at the basic first rung, so any simple pittance item will satisfy them while getting their votes to gain power.
Pakatan Rayat cannot win comes next state election because Dayak supports for BN is still solid….
Very sad that Dayaks are easily deceived.
That’s why they are kept low educated to listen to only the mainstream media.
Forgetting about money for a moment, the building looks quite attractive. Malaysia has too many shoe boxes and nice structures can enrich our environment and attract tourists. They must be built at a reasonable price, of course.
How to build grandiose buildings at reasonable price when ali-baba chains of no-value subcontracting practice will escalate the price?
Conflict of interest, what do they care as long as they can get whatever benefit there is.
Looks like a merry go round. No impression of dignity and pride. No wonder the Sarawak Govt is like an amusement park.
Don’t worry, we at Pakatan Rakyat will use the facilities wisely when we run the Sarawak Government after the next election.
Tourist guide for Kuching, off the track: From Mubarak’s “bus stand by the mosque”, hop over to the Jln. Mesjid polyclinc, see the crowds, ask about the no. of people in doctors’ consultation rooms. From the DUN complex drive to the low cost housing of Samariang, ask the mostly Malay residents’ if they are keeping up with paying the monthly mortgages. Then see for yourself some traditional Malay houses some hundred meters away from the equally majestic City North Hall, ask about their incomes and any welfare assistance. Do you find all-round progress and prosperity in the State capital ?… Read more »
I visited Kuching recently and my impression is that the people there do not enjoy the riches from its natural resources. Poor governance. Time for Pek Moh to step down as he cannot even provide a decent sheltered bus terminal.
MACC is enlarging so have to wait. The enlarging could mean bigger net. When ? I suppose when Taib grabs the whole of Sarawak.
The honest public pay the taxes, the rich gets the nexus (kang tau).
At RM300 million for 40,739sm of so so design, this is ‘killing field’.
A killing field 4+ times the value of a Penang (outskirt) condominium of same gross floor area.
Leeching unimaginable!
Hi everyone,
MACC is silent on the 2 documents circulated in cyberspace of Taib M’s (alleged) directorship in Sakti International, which contravenes the constitution that a CM cannot be actively involved in any business enterprise!! Would MACC remain silent on the awarding of contracts on the Sarawak building to his relatives-related companies?
Do you know that Kucing (the state capital) does not have a proper bus terminal/station with covered roof?
See for yourself the next time you visit Kucing.
The buses (mostly in bad condition) are parked on roadside near the state mosque. You call that bus terminal? The state government has got its priority wrong.
Rakyat didahulukan?
Ask Taib Pek Moh.
The (state) awarded a big project to his family controlled company ?
MACC where are you people ?