Tag: Toll

I’ve been fascinated by the phrase To be, or not to be”, it says so much and yet so little, that’s William Shakespeare indeed.

Recently The Star reported Datuk Shahril Ridza Ridzuan, our newly appointed Khazanah MD said, “The government is not the sole decision-maker in whether toll rates should be reduced or maintained as it also depended on the stakeholders”. He continued, “They will not simply dishonour the contract. No government can break those contract. You can read the full news HERE.

 

Naturally, I wanted to know who these stakeholders are, so I straight away googled the owner of PLUS. In my head, questions flying around, “Khazanah can’t even negotiate with them? They are the cronies of previous government or something like that?”

So the first Google search result for the phrase “plus highway shareholders” returned THIS. it’s another article in The Star back in September 2017. Apparently there are only two shareholder for PLUS Malaysia Bhd, UEM Group 51% and EPF 49%.

So in my head, God damn you UEM, you won’t agree to at least reduce the tolls? Who owns you, I want to know!

So I googled “UEM Group Shareholder”, lo and behold, the first search result returned UEM website with the sentence “UEM Group is a wholly owned subsidiary of Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia.”

Then it hit me, “The stakeholders” here are EPF, then UEM and in turn Khazanah of whom he Shahril himself is the MD. Is this another case of “Najib, mintak dekat Najib, Najib kata boleh, dan bagi dekat Najib” as popularised by our Dear Mat Sabu. Although this time it’s Shahril instead of Najib.

A guy who helmed EPF, and now Khazanah, spouting out nonsense like that. Is he taking us for ride? Just because one is of Oxford and Cambridge educated, it surely doesn’t mean one is full of wisdom. To me, in this regard, he’s a load of bulls. There’s no stakeholder this and that, what it takes is just the will to make it happen. That’s all, no need to spin here and there Datuk Khazanah MD.

And people still wonder why I despise most of the top people at GLC so much.

Adios, and peace be unto all of you.