The 100-storey building under the Warisan Merdeka mega project will have a multiplier effect on the economy and generate business opportunities for all races, said PM Najib Tun Razak.
The Prime Minister said the project was not government-initiated but was planned and proposed by Permodalan Nasional Berhad (PNB).
First, Najib should try to convince us that the investment in Warisan Merdeka will generate great economic benefits for the rest of Malaysia. He mentioned the Petronas Twin Towers. How many local retailers can afford to rent a retail space in the complex? How many local companies had benefited from the PTT? How can SMEs benefit from the project?
The Prime Minister said the project was not government-initiated but was planned and proposed by Permodalan Nasional Berhad (PNB).
First, Najib should try to convince us that the investment in Warisan Merdeka will generate great economic benefits for the rest of Malaysia. He mentioned the Petronas Twin Towers. How many local retailers can afford to rent a retail space in the complex? How many local companies had benefited from the PTT? How can SMEs benefit from the project?
Najib ought to be reminded that good businesses can run from anywhere and not necessarily from a 100 storey tower. Both Bil Gates and Michael Dell started their multi-billion business empire from their garage.
KLCC and PTT had driven up property value around the area. It has benefited property developers and attract foreign buyers/investors. How many locals can afford to buy these properties?
However, if the RM5 billion is used to assist the SMEs, truly genuine ones, through low interest loans and business support grants the government could help to create some prominent local companies able to compete with the region's best and create more jobs.
PM Najib should derive a valuable lesson from a 23-year-old Malaysian has emerged as the top student in his final-year law examinations at Cambridge University.
Tan Zhongshan obtained a first-class honours in the Bachelor of Arts (Law) in June this year at Queens’ College, which is part of the university, one of England’s oldest and most prestigious.
He even scored the “Slaughter and May” prize given by the university’s Law Faculty – an award given to those who achieve the best overall performance in the final-year law examinations.
Other coveted prizes he bagged include The Norton Rose Prize for Commercial Law, the Clifford Chance Prize for European Union Law and the Herbert Smith Prize for Conflict of Laws.
Queens’ College dean Dr Martin Dixon said Tan “...is probably the best Malaysian student I have seen in the last 10 years.”
The sad part is Tan was given a scholarship by the Singaporean government. “I will also join the Singapore Legal Service in January,” said Tan, who was awarded an Asean scholarship by Singapore’s Ministry of Education after completing his A-Levels at the Temasek Junior College there.
Instead of building more white elephants or another expensive tower, Najib should focus on producing more towering Malaysians. The good part is we do not need to spend RM5 billion on a towering Malaysian. A towering Malaysian may even win us a Nobel prize in the future and contribute invaluable intellectual property to the country.
KLCC and PTT had driven up property value around the area. It has benefited property developers and attract foreign buyers/investors. How many locals can afford to buy these properties?
However, if the RM5 billion is used to assist the SMEs, truly genuine ones, through low interest loans and business support grants the government could help to create some prominent local companies able to compete with the region's best and create more jobs.
PM Najib should derive a valuable lesson from a 23-year-old Malaysian has emerged as the top student in his final-year law examinations at Cambridge University.
Tan Zhongshan obtained a first-class honours in the Bachelor of Arts (Law) in June this year at Queens’ College, which is part of the university, one of England’s oldest and most prestigious.
He even scored the “Slaughter and May” prize given by the university’s Law Faculty – an award given to those who achieve the best overall performance in the final-year law examinations.
Other coveted prizes he bagged include The Norton Rose Prize for Commercial Law, the Clifford Chance Prize for European Union Law and the Herbert Smith Prize for Conflict of Laws.
Queens’ College dean Dr Martin Dixon said Tan “...is probably the best Malaysian student I have seen in the last 10 years.”
The sad part is Tan was given a scholarship by the Singaporean government. “I will also join the Singapore Legal Service in January,” said Tan, who was awarded an Asean scholarship by Singapore’s Ministry of Education after completing his A-Levels at the Temasek Junior College there.
Instead of building more white elephants or another expensive tower, Najib should focus on producing more towering Malaysians. The good part is we do not need to spend RM5 billion on a towering Malaysian. A towering Malaysian may even win us a Nobel prize in the future and contribute invaluable intellectual property to the country.
Can the RM5 billion tower make Malaysians smarter or more successful? It will probably be designed by another Japanese architect and built by a Korean construction and engineering company.
Second, it is ridiculous for Najib to push the idea to PNB alone. Who is Najib? What is the position of PNB? It is a GLC answerable to the government. Who is the head of the government? It is Najib!
Malaysia needs to get serious about the quality of its intangibles especially talents and skills. Not another 100 storey building which stands out like a sore thumb amidst choking traffic jam, congested roads and run down surrounding.
We do not need another 100 storey white elephant to be successful. We need our politicians to use their brain and not their ass to think and to formulate policies.
28 comments:
I fully agrees. Well said.
Than Zhong Shan was called for an Asean scholarship interview after his SPM results (11 or 12 A1s, I think) were released.
Immediately he was accepted to do A level there and sent to Cambridge with a promise that a job was waiting for him on his return. I repeat - a promise of a job in SINGAPORE on his return.
That's how Singapore values brain.
And back here, day in and day out, UMNO is fighting for Malay rights - even a discount for a multi-million ringgit house.
You can bet your life this top Law student Chinese will end up in Singapore !
Just like many bright Chinese students what would be his future like in Ketunan Melayu bolehland.
Khoo,this BN Govt will not learn and listen.PNB,EPF, Petronas,Khasanah are all private Companies mah!!!Every year M'sia will lose out and slag behind its neighbors because insufficiient funds are channel to key development areas.We have seen that the last 10 years.Sadly,the differential will be greater the next ten.
Lawyer Tan Zhongsan have sent a strong signal to BN. I am very very sure KLCC,PTT or Wirasan is not part of his plan for his or his children's future.
Complete Incompetent! Megalomaniac mentality! Super stupidity!
RM5 billion - ordinary rakyat will not taste anything except telling foreigner - hey, we have Warisan Tower! Eeish!
Najib's thinking is influenced by that senile old man or so they think it will boost our economy.I think this project will make the rich become richer.Can the rakyat at large benefit from it? Definately no! It is only the game of the riches.
Warisan Kebodohan is a better name.
In Chinese, we call people with brain "ren cai" and we value "ren cai".
For Najib administration, "ren cai" means "orang kayu". So they retain the real orang kayu (people without brain according to their difination) around so that they can do whatever they want to meet their personal gain. Too many good "ren cai" around will spoil their plan lah :(
Najib's proposed 100 storey tower is akin to him pasting a "PLEASE KICK ME" label on his own behind. Is he so dumb to allow this project to see the light of day when he should know he will be pot-shot left and right by his critics.
A really dumb ASS!.
The BN gomen is good at making ego/pride mega projects."Gaya dan nama mau, mati bankerap tak apa" seem to be BN's mantra. Actually if the nation becomes bankrupt is okey as long BN and their cronies are happy.
True,1st class infrastructures and 3rd world mentality. A space rocket piloted by chimpazees?.
What about EPF's buyover of PLUS? Use rakyat's money to buy part of PLUS. PLUS not allowed to raise toll for 5 years (on 4 routes only), surely gomen needs to compesate PLUS in the billions?Definitely they will use the tax collections to pay off PLUS.Who actually gain from all these deals? Money coming out from left pocket and going into own right pocket.Another shell game?
It will be insane for Zhong Shan not to remain and work in Singapore.
You think Umno is going to cry ?
He is a Chinese and needless to say not a NEP student and Umno know that they will get nothing from this non Malay law student even though Umno will never ever find one amongst themselves. Let the Ketunan Melayu stay in the third world ! Otherwise the AG or the CJ positions may be replaced.
Imagine, if the RM 5 billion was instead channeled into scholarships there would be enough scholarships for EVERYONE. There wouldn't be any need for quota's. And we wouldn't need the Talent Corporation today. And our country wouldn't be facing brain drain.
hey, how do you know that PM didn't use his brain? he knew himself or UMNO cant last long, so better used up all the fund than leaving it to the next leader in the waiting.
Don't bother to write about this anymore,Khoo...the umno guys have proven to you all sundry over and over again they are NOT interested to keep such talent at home bcoz of race, even if he can build a UFO.
this 100 storey project had its beginnings when Renong was given this land in lieu of payment for construction of stadiums for the 1998 commonwealth games.
renong had charged the land to banks for funding the stadium construction, hoping to repay the banks from the commercial development of this land.
the 1998 recession hit and commercial development was out of the question. the loan and security was then passed to Danaharta as part of the workout of the renong debt with banks.
Danaharta could not sell such a historic parcel of land to any tom dick or harry and therefore PNB had to take up the property and pay danaharta off.
PNB have ever since been looking for ways to get their money back and have come up with this 100 storey tower.
Perhaps with this background malaysians will understand why the project has been proposed, why this location and why such an expensive project.
Only then will there be sufficient margins to meet the needs of PNB to pay the same rate of dividends.
If i were dependent on PNB dividends for my living esp in retirement, i will be very afraid.
jay
Warisan Ketuanan should be the name for the tower. Standing at 100-storey height, it will dwraf the even the most imposing structure in the world :)
Make it three towers better!!
Why do we need to address key issues during Budget 2011???
Just IGNORE and SLEEP on them! Let the problems/issues solve by themselves! We have no time for that cause we need to find lucrative projects to amass wealth at the expense of 99% Malaysians!
In 22 years of Mahatir’s rule he built and built without consider if they were of any economic returns to the people. We were conned to sacrifice our lives and pay high taxes for his excesses. In short, we were screwed!
Today, this “Mahatir’s con job” is still thick in the air. What’s the 100-storey for? For Najib to retire and sit on top looking down at Mahatir’s 88-storey blocks? We will be screwed harder again!
Can the money be diverted for better uses?
I think our pension funds will come in to fund this stupid tower. With bail-outs and such insensible use of the pension funds, how long will this pension funds last???
It is truly said that whilst powerhouse Singapore can look forward to more of the same good fortune in the years ahead because of political visionaries like Lee Kuan Yew and company, all that Malaysia appears to be able to look forward to is more strife and back-sliding on account of the sub-standard politicians who have ruled the roost for the past 30 years.
Frequently, these young people who leave are labeled as not patriotic and ungrateful... i like to put it the other way round, where have all the "Qualified" people who had JPA, Petronas, other GLC scholarships gone, since we are so " boleh" why didn't u guys shine and make us proud.....(granted geniuses are rare BUT not ONE....)
Leave the guys who had been fed by others alone.. anak tiri yang dipinggirkan biasanya tidak boleh diharap.... Not everyone is like Hang Tuah.
Go ahead and build. That will be another nail in BN's coffin.
Give them enough rope to play and they will hang themselves!
Putting up this 100storey building is the incumbant's way of diverting the people's attention from more pressing issues of the nation. It is like throwing in the red herring using PNB to lure the people into diverted involvement while other important matters are shoved under the carpet.
Who owns PNB? Period.
Where have all the priorities gone?
Great write up. Seems that our PeeeeeM and his so called economic experts have got their brainsdrop to their asses. Same mentality as that now senile predecessor mamak kutty. Longest, highest, biggest in thw world. But at the end they made the general rakyat become dumbest and clueless.
This is Bolehland.
Telling us the nation will be bankrupt by 2019 if subsidies not removed and then now planning to spend 5 billion on a 100 storey phallic symbol? What crap! Najib wants to show he's got a longer one than his old mentor's twin barrel? I want to see and hear what UMNO/BN will "goreng"/spin us rakyat to justify this mega waste.
"Towering Malaysian" is just some catchphase some foreign PR company created for our dungu DUMBNO ministers to mouth, not understanding what the heck it means.To them it probably means space tourist,politician porno DVD star or expert C4 users.
It's the most stupid move. Stupid and Stubborn Ass!
If this 100 storey building is to be undertaken by PNB, why is it in the Budget 2011 ?
My understanding of a govt's budget presentation is that it is an estimate of the costs and revenues that are expected to be generated by the govt's activities in the coming year(s).
Is this 100 storey building a PNB project or a govt project ?
Will Umno weep at yet another loss of brilliant young talent ?
Not if we go by this reported story of Najib's response when he was the deputy PM, where he alledgedly quipped when asked about the serious issue of brain drain......" brain drain? apa itu ? You mean otak longkang? Kalau begitu, the bigger the longkang, the better the draining, hahaha...."
All have wrongly presumed that Talent Corp is tasked to bring back NON Malay from overseas ! Why should Umno reverse their 'ethnic cleansing' policy at this point in time ? The faster the rakyaat (of the non bumi kinds) wise up, the better to see the real picture and take action accordingly.
Don't mean to be the bearer of doom here...... but things are NOT getting any better and it might get far, far worse. Be prepared.
It's very simple ...
1- the government proposes the 100 storey tower, hence the annoucement is in the Budget 2011 presentation.
2- the 'ulta-quiet' from PNB. If it's truly by them, then PNB is the one that would have propose it in news paper or newsletter just like others being proposed by private or GLC.
3- who owns PNB? Then it will emerge that rakyat (via government) that will pay for the cost and suffer the loss (if any) and would not get the profits (if any) because will be taken up by other to-be sell-transfer-own proposal by other private companies or individuals. It has happen before and will happen again. Same modus-operandi.
4-every leader wants to leave a legacy. So this is what Najib wants to be remembered for without having 'business-decision' flow of thoughts.
5-If Warisan Merdeka project is (100%) fully built from A to Z from design to flooring by 100% local companies employing 100% local workers using 100% locally-sourced funds using 100% local equipments and machinery then i would be proud that MERDEKA has fulfilled its TRUE meaning and i then will support 100% this mega albeit unnecessary project!
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