{"id":7233,"date":"2014-03-05T12:43:02","date_gmt":"2014-03-05T04:43:02","guid":{"rendered":"http:\/\/www.therocket.com.my\/en\/?p=7233"},"modified":"2014-03-05T12:43:02","modified_gmt":"2014-03-05T04:43:02","slug":"najib-practising-kangkung-economics","status":"publish","type":"post","link":"https:\/\/www.therocket.com.my\/en\/najib-practising-kangkung-economics\/","title":{"rendered":"Najib practising “kangkung economics”"},"content":{"rendered":"

\"\"<\/a>Petaling Jaya Utara Member of Parliament Tony Pua has slammed the Najib-run government for practicing \u201ckangkung\u201d economics by awarding lucrative contracts to parties who are not the lowest bidders.<\/p>\n

\u201cThe Energy Commission (EC) confirmed weeks of alleged \u201cbaseless speculation\u201d that 1MDB will be awarded the new Independent Power Producer (IPP) 2,000MW coal-fired power plant concession,\u201d he said, adding also that the project is said to be worth RM 11 billion.<\/p>\n

1Malaysia Development Bhd \u2013 Mitsui Co. Ltd (1MDB-Mitsui) , were selected by the Energy Commission (EC) on 28 February despite having a a higher levelised tariff of 25.33 sen\/kWh compared to YTL Power International Bhd\u2019s 25.23 sen bid. This is not in accordance to the selection criterion that favours the lowest levelised tariff offered by a request for proposal (RFP) compliant bidder.<\/p>\n

\u201cWhen we demanded for transparency and explanation over the evaluation, calculation and selection criteria by the EC and the Ministry of Energy, Green Technology and Water, all we received was stone-walled silence.\u00a0 The Government hence cannot blame the rakyat for thinking that this is a clear-cut desperate attempt to prop up 1MDB, which is labouring under a mountain of debt estimated in excess of RM30 billion,\u201d Tony said.<\/p>\n

He also highlighted other high profile multi billion ringgit projects which weren\u2019t awarded to the qualified bidder with the lowest price.<\/p>\n

In August 2012, the RM1.18 billion Ampang LRT Extension Project was granted to George Kent Bhd that was priced RM 167 million higher than the originally recommended bid by project owner Syarikat Prasarana Negara. \u00a0Pua added that, although failing the technical criteria and rejected by\u00a0 the professional \u00a0evaluation consultants, George Kent was subsequently awarded with the contract.<\/p>\n

\u201cWhat gave away the manipulation at the highest level was the fact that George Kent won the bid over other establish rail players such as Siemens, Balfour Beatty, Bombardier, Posco and Colas despite having zero experience in rail projects. Today, the LRT project is delayed by at least 12 months and it is likely to result in additional costs for Syarikat Prasarana Negara,\u201d he said.<\/p>\n

Pua, who is also DAP National Publicity Secretary, pointed out that Najib\u2019s actions contradict his own \u201cNew Economic Model\u201d. Najib had previously proclaimed that \u201cwe can no longer tolerate practices that support the behavior of rent-seeking and patronage\u2026\u201d when he launched his landmark New Economic Model (NEM) to replace the New Economic Policy (NEP) on 30 March 2010.<\/p>\n

\u201cIt has become clear that Dato\u2019 Seri Najib Razak has abandoned the \u201cNew Economic Model\u201d.\u00a0 Instead what we are witnessing a \u201ctransformation\u201d into his \u201cKangkung\u201d Economic Model, leading to vicious cycle of price hikes and higher costs of living for Malaysians,\u201d concluded Tony. -The Rocket<\/p>\n","protected":false},"excerpt":{"rendered":"

Petaling Jaya Utara Member of Parliament Tony Pua has slammed the Najib-run government for practicing \u201ckangkung\u201d economics by awarding lucrative contracts to parties who are not the lowest bidders. \u201cThe Energy Commission (EC) confirmed weeks of alleged \u201cbaseless speculation\u201d that 1MDB will be awarded the new Independent Power Producer (IPP) 2,000MW coal-fired power plant concession,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":7234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[274],"tags":[],"class_list":["post-7233","post","type-post","status-publish","format-standard","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts\/7233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/comments?post=7233"}],"version-history":[{"count":4,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts\/7233\/revisions"}],"predecessor-version":[{"id":7238,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts\/7233\/revisions\/7238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/media\/7234"}],"wp:attachment":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/media?parent=7233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/categories?post=7233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/tags?post=7233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}