This statement by a group of Seri Tanjung Pinang residents hammers home the point as to why land and property development-for-infrastructure swap deals are a bad idea.
Such deals compromise the development regulatory process by presenting the land reclamation or property developments projects as done deals – because they are needed to finance the infrastructure projects.
The beatification of the slain Archbishop of San Salvador, Oscar Romero, on the birthday of the church marks a watershed for the church under Francis’ stewardship.
At the start of his ministry as Bishop of Rome, Francis had expressed the desire to see the church transformed into the Church of the Poor. And on Pentecost this year, the Spirit, it would appear, is propelling the church in exactly that direction.
It is the turn of the Gurney Drive residents to feel the pressure of high-density development in the absence of a gazetted Local Plan and the apparent flouting of density limits stipulated in the Penang Island Structure Plan.
At least four major projects are in the pipeline:
1MDB is proving more to be more than an ordinary hot potato for Najib; in fact, as Muhyiddin put it, it could prove to be the straw that finally breaks the camel’s back (BN rule).
Helped by Mahathir, critics in Pakatan, Sarawak Report, bloggers and social media, the 1MDB debt issue is grinding away at the approval ratings of the PM.
This workshop will be held on Saturday in Penang.
If you are a practising lawyer, you may register using the online form found here.
Now might be a useful time to recall what happened to high-riding Enron and its auditors Anderson. It goes to show that we cannot always trust the auditors, even if they happen to be big reputable ones.
After all, who pays their fees? The client. So are the external auditors really independent? You tell me.
This field was a legacy of nutmeg planter David Brown, business partner of James Scott, who in turn was a business crony of Francis Light. It was given to the Penang public as an urban green space. In the past, Penangites would play football, fly kites, jog around this space.
It is to our collective shame that we have allowed this crisis to engulf us in the very year that Asean is supposed to set up its much touted Asean Community.
First of all, how did this crisis happen?
This story is by blog visitor tunglang:
November, 1997 – There was excitement circulating in the air about a wonder of Nature in Bukit Kukus, Paya Terubong: a newborn natural waterfall @ Sun Moon City (low and medium-cost apartments). I couldn’t believe my ears; so I went to investigate one fine afternoon.
Many of these questions raised by the Edge have been asked before, but it is neat to have them all here, summarised in a few pages.
In some ways, the 1MDB saga was inevitable. A little snowball – a culture of lack of transparency and accountability to the public – was set in motion about three or four decades ago. Over the years, it gathered momentum, picking up scandals along the way, pummelling whistleblowers, sucking in the nation’s financial resources until finally bursting into the monster avalanche that is 1MDB today.