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There is no government more stupid than Penang PR government..why?

The DAP exco claimed state government gains RM200 million asset from the sPICE project.

I figure out how they came out such a silly argument, SP Setia invests RM250 million for sPICE and MPPP gives RM50 million free money. According to the “smartest” DAP politician, net asset gain for the state government is RM200 million. (250 minus 50 million).

By this DAP logic, all assets invested in Penang are owned by the state government although the profits earned never reach the MPPP and state government.

How on earth you call something as your asset if you are not the shareholder?

In reality, the state government only receive an old exhibition mall after 30 year later. By the normal accounting standard, the value of the building is ZERO. It’s a liability, not asset for state government!

Do you want this kind of DAP politicians to run your government?

Basically, Penangites (and other Malaysians from other states) have no choice because PR politicians are slightly less stupid than BN politicians.

Report lodged with MACC on ‘lopsided’ sPICE deal

GEORGE TOWN: Penang Barisan Nasional has lodged a report with the Malaysian Anti-Corruption Commission (MACC) alleging irregularities in the proposed RM300mil subterranean Penang International Convention and Exhibition (sPICE) Centre deal.

State Barisan Youth chief Oh Tong Keong said MACC should conduct a detailed probe as there were allegations of abuse of power and embezzlement in relation to the deal.

He said the agreement between the Penang Municipal Council and the developer Eco Meridian Sdn Bhd was lopsided and favoured the company instead of the people.

“One of the issues is that the council must provide land for the developer to build 450 low medium-cost units and the profits from the sale would go to the developer,” he said at a press conference here after lodging the report at the state MACC headquarters on Jalan Sultan Ahmad Shah here yesterday.

State MACC director Datuk M. Samarajoo said an investigation would be conducted as soon as possible.

Meanwhile, state Local Government and Traffic Management Committee chairman Chow Kon Yeow said the state government had nothing to hide over the concessionary agreement.

Speaking at a press conference, he said the Request For Proposal (RFP) was called for the project and the agreement was opened to public viewing early this month.

Chow said the developer did not benefit from the state’s directive to build 450 low medium-cost units although the land was provided by the state government.

Council president Patahiyah Ismail said the council was transparent about the project.

“This is the first time that details of a council project have been made available for public viewing,” she said.

She said the RFP was called after there were no takers for the open tender for the project.

“We received three proposals and the selection committee chaired by me selected Eco Meridian Sdn Bhd.”

Chief Minister Lim Guan Eng had said sPICE would be built partially beneath the ground and a 2.83ha park would be opened to the public.The project is expected to start on Oct 31.

The nkkhoo.com comment board with Facebook account.
Mary says:

nkkhoo,
do you have unemployment statictics in penang from 2007 into Q1 Q2 2011. Lge silenced on this very long time.
Thanks.

nkkhoo says:

Sorry, I don’t have it. Please check with statistics or Bank Negara department, they should have it.

Mary says:

We voted PR, we reside there wants to see EIA first.
Last time with PGCC, the DAPs so busy made fuss wants EIA this that this that, now we voters want EIA from sPice.

Aryn says:

sPICE is needed in Penang.
We all support it.

nkkhoo can go to Persada JB to sob!

Sandra says:

What is Persada JB?