IT'S THE PEOPLE'S WEALTH, NOT YOUR GOLD MINE

One of the BN politician has quoted to say that BN has lost 2 'GOLD MINE' in last General Election (March'2008), ie PENANG & SELANGOR.

NOW I REALISE WHY HE TREAT IT AS 'GOLD MINE' AFTER READING THE NEWS BELOW FROM MALAYSIAKINI.

IT'S AN ASSETS, OUR WEALTH BELONG TO ALL MALAYSIAN, YOU SUPPOSE TO GROW IT, NOT TAKEN IT AWAY FOR YOUR OWN POCKET.

1)Malaysiakini.com : PGCC project: Lim wants answers
Athi Veeranggan | May 12, 08 12:38pm

Under the Town and Country Planning Act 1976, the state planning committee, in which the Chief Minister would be the chairperson by legal requirement, re-gazetted the land as for commercial use in pursuant to the Structure Plan.

Due to this use of legislation, the proposed RM25 billion PGCC project-developer, Abad Naluri Sdn Bhd need not pay the premium estimated to be worth RM200 million to the state government for land conversion.

Abad Naluri bought the turf club plot, which has been classified as grade one land, for RM488 million.

Sensing that the state government had lost millions in land premiums due to the previous state government re-zoning, Lim now wants Koh to tell all to the public the reasons behind the sudden change in land status of the turf club plot.

2)Malaysiakini.com : MB: RM27m spent by BN reps in two months
Andrew Ong | May 23, 08 2:24pm

Selangor Menteri Besar Abdul Khalid Ibrahim today revealed that Barisan Nasional assemblypersons had spent 90.6 percent of the total state allocations within the first two months of this year.

The grand total amounts to RM26,634,844.33 and a balance of RM2,907,155.76 remains, he said in reply to a question posed by Ng Suee Lim (DAP-Sekinchan).

3) Malaysiakini.com: 94% of state gov't joint-venture projects failed: MB
Andrew Ong | May 22, 08 11:06pm

The Selangor government is at the risk of losing billions of ringgit and thousands of acres of land due to risky joint ventures undertaken during BN‘s reign of the state, Menteri Besar Khalid Ibrahim revealed today.

Answering his first question ever at the state assembly, Khalid revealed that 62 joint-venture projects which involved a total 12,000 acres of land had failed.

Khalid said that the joint ventures were high risk and promised low returns.

He also estimated that only six percent of the total joint ventures worth RM3.5 billion were successful.

According to Khalid, out of the billions of ringgit invested into these projects, the returns had been only about RM100 million.