What! Another round of toll hike?

toll-rate-increase

As regular as the Sun rises from the east, the toll rate is going up again.

It is really ridiculous and clearly another case of robbing Peter to pay Paul  (read my last post) , only thing in this case Peter is robbed again and again and there seems to be no escape out of this.  Paul as usual is laughing to the bank.

What lopsided agreement is this?

The  outgoing PM is suggesting that the toll increase should not be allowed at this moment. But the way he sounds it, it seems he is just making a suggestion, and not as a policy statement, and as Prime Minister he should be more assertive and ordered that the price hike hike be disallowed. . It would be interesting to see how the cabinet decides in view of the PM’s statement.

I think since the mistake of signing the agreement has been done and cannot be undone, there is a clear case of buying over PLUS, but not at an inflated rate . (remember the case of MAS when a someone was rescued by selling his shares at RM8 to the government when the actual share price was way way below that?).

I am sure financial institutions will be clamoring to give loan to buy over PLUS, since this is a gold cow. The goverment can then reduce the toll and still would be able to make money to service the loan.

It was reported that government is the majority owners and the minority owns about 35% of Plus. If that is the case, PLUS can be easily taken over at cost , since the minority owners have already made so much of money.

19 Comments (+add yours?)

  1. KongKor
    Feb 27, 2009 @ 12:16:21

    It’s called robbing the RAKYAT to pay UMNO/BN cronies, Doc, and not robbing from Peter to pay Paul.

    This goes to show how “SMART” the people entrusted to do the job in protecting the interest of their own pockets. Either way, the people lose BIG TIME.

    So, the question is, will the current administration ever change?
    While all the BN component parties did nothing except being a spectator and perhaps ‘enjoy a free ride’ along the way.

    In my books, whether or not the other components parties have a slice of the cake or not in the back-room dealing so conveniently termed as “CONcession” sounds more like conning the rakyat

    Like

  2. klm
    Feb 27, 2009 @ 12:34:37

    See this article in Chua Soi Lek’s blog.

    http://drchua9.blogspot.com/

    Writer is his son.

    Like

  3. klm
    Feb 27, 2009 @ 12:47:49

    Malaysia has all kind of politics:

    – pirate politik
    – gangster politik
    – sex politik
    – frog politik

    Malaysia boleh!

    Like

  4. Peter Yew
    Feb 27, 2009 @ 13:14:24

    Dr Hsu,

    I am just so tired by this childish game of on and off that BN loves to play. First the Works Minister said it is on, then the PM said, hold on, let’s review. What the heck is going on? What kind of lame duck government are we entrusting to run our lives? Or did they knee jerk again when they find so much protests? Are we to believe the PM that the cabinet did not approve the hike before the minister announced it yesterday? Or he was not in the meeting? Or was the whole show to get the rakyat to believe that BN is really a caring, listening and understanding government? Yes, the by elections are coming so they need to rebrand.

    Please stop treating us like kids with lollipops and canes. In times like this we must have serious government with serious strategies to help us ride out of the recession. My 4 year old grand daughter can tell you that it is stupid to increase toll when people worry over food and bills. BN ministers must think out of the box to address the toll increase and not say, it is in the agreement ma.

    Like

  5. cilipadi
    Feb 27, 2009 @ 14:14:31

    Dr. Hsu,

    Your PM Pak Lah is effectively no more a PM since Perak fiasco.

    He is gearing himself to plant fruit trees, fishing….He just hope that his minister listens to his pleading.

    This is how I see it…Happy retirement, Pak Lah.

    Like

  6. cilipadi
    Feb 27, 2009 @ 14:22:12

    If no toll prices increase, against CONSession agreement, let them sue lah.

    Why pay compensation? I can’t understand. After all, government owns majority of shares in these CONS companies.

    Logical right? Please show that Malaysia Boleh.

    CONS makan cili, CONS rasa tak pedas, Rakyat rasa pedas

    Like

  7. Fair
    Feb 27, 2009 @ 15:39:47

    Mahathir got a lot to explain as all these piratisation projects/concessions were approved under his primiership.

    When PR took over the federal government, Mahathir should be made answerable to all these lopsided projects/concessions.

    Like

  8. petestop
    Feb 27, 2009 @ 15:53:14

    Najis is giving us a preview of what is to come.

    Especially you Selangor and KL folks.

    You are robbed even of your basic necessity, which is water, by a crony company, Syabas.

    While its CEO is laughing all the way to the bank with a RM5.1mil salary….. that is not counting all the other perks he gets.

    So, really ah, Malaysians are really STUPID, for you have but given the whole country away for the past 52 years to proven plunderers.

    Like

  9. A true Malaysian
    Feb 27, 2009 @ 16:12:00

    romerz,

    I am obliged to put a few words here since I restrained myself from commenting in blogosphere.

    I don’t want to see blogosphere losing a genuine blogger like you. You are definitely on the right track. “The Middle Ground” is still a suitable name that you should stick to. “Middle”, to me, carries meaning of “moderate” in whatever we pursue in our lifetime. It is inline with what Buddha taught us to practise.

    BN and PR, to me, is like “Dacing” to me, and our role as blogger and blogosphere commentators are to “balanced up” this “Dacing” by slanting ourselves either to PR side or BN side. Some people may accuse us as “double headed” snake, but who cares? This is very common in 2-party system in matured democracy anywhere in the world.

    So, it is just normal for you and me slanting towards PR side, as we cannot see light at the end of BN tunnel.

    Keep it up, romerz. Please allow me to reproduce this comment in Dr. Hsu’s Forum and Justin blog so to highlight this to our friends and foes that I, “A true Malaysian” appreciate your efforts.

    February 27, 2009 4:05 PM

    Note : Dr. Hsu, I still personally think that you are not able to pull Gerakan out of BN. It is better for you to slant your weight towards PR to make the “Dacing” a balanced one, ultimately, by resigning from this party that you so sentimentally attached.

    Like

  10. A true Malaysian
    Feb 27, 2009 @ 16:22:23

    I found “A true Malaysian” over here. We should send his message to politicians of both divides.

    Anas Zubedy, you have brain and heart that many Umno politicians don’t have. I am proud of you, Anas Zubedy.

    http://letusaddvalue.blogspot.com/2009/02/dear-malaysian-politicians.html

    Like

  11. Concerned
    Feb 27, 2009 @ 16:43:43

    I just learned a new phrase. Subsidy of the rich by the poor. Because of the tax breaks, the middle class send the rich USD 800 a year. Obama’s new budget is starting to reverse this practice.

    In Malaysia, we the middle class subsidise the rich and neo rich by paying indirect tax through tolls and airport tax. I learned 2 sen of each call I make on Maxis go to a certain individual. That is his commission for selling the telecom license to maxis.

    On the WIMAX broandband service. I heard some similar hanky panky type arrangement exists. But this time through individuals in Gerakan or maybe even Gerakan itself.

    Like

  12. cilipadi
    Feb 27, 2009 @ 16:56:05

    You see, anything can happen in Malaysia, overnite, or even a few hours, hopefully not seconds.

    Gov’t U-turn: Toll hikes put off

    Maybe their original plan is to milk the cow dry before Pakatan Rakyat takes over……Exciting, monk?

    Like

  13. Disgusted
    Feb 27, 2009 @ 17:38:50

    Saved by the by-elections?

    Cilipadi, what after? Going up again after elections.

    monk

    Like

  14. cilipadi
    Feb 27, 2009 @ 17:58:37

    monk,

    The whole cons act are actually flow from rakyat’s pockets, then to government’s pockets (major shareholders) and Umno cronies’ pockets (minority shareholders).

    Then, flow again,….

    from government’s pockets to Umno cronies’ pockets.

    i.e. end at Umno cronies’ pockets (toll charges and compensation included)…..

    rakyat’s pockets burnt…BIG HOLES….either ways, they milk the cow dry before PR takes over.

    After bye-elections, same things happen. Hahaha, exciting monk?

    My pocket not burnt, I can’t afford a car. I walk and cycle, a down to earth…..

    CONS makan cili, rakyat’s pockets burnt

    Like

  15. petestop
    Feb 27, 2009 @ 19:12:23

    http://www.malaysiakini.com/news/99252

    Ai yo yo… brother KTK is again stating the obvious

    Even my 2 year old daughter knows that if it is not in your own best interest, change it.

    Now only KTK comes and ask and ask and ask Be End govt to review the highway concessions.

    Is’nt he a part of the government ???

    Or it is just UMNO governement, and the rest of the Be Enders are just hanger ons.
    If so, BN is but a fraud, to cheat the Rakyat that it is a Muhibbah agenda.
    But really, it is just UMNO’s agenda.

    Koh Tsu Koon, you are a disgrace, really.

    Stop playing imaginary politician, as you really don’t make any difference with all your statements stating the obvious.

    My 2 year old daughter can do better.

    Like

  16. Concerned
    Feb 27, 2009 @ 19:38:00

    I think what he means is BN controlled independent panel. Looks like independent, sounds like independent but not really independent. (famous BN trick).

    KTK is just making politician talk lah. Sound smart but mean nothing. But if he does not say anything, then Gerakan is irrelevant. He need to find something to say.

    Like

  17. Disgusted
    Feb 27, 2009 @ 22:57:48

    Cilipadi,

    When do you stay? Near jungle fringe? Walk and cycle?

    Cycle……so many gila drivers and mat rempits? Safe or not?

    Only recently, a BN leader accused Pakatan of U-Turn policy….now what do you call this sudden change of mind. Brainless u-turn?

    Or a Longkang u-turn? Flowing cash….like you narrated…cilipadi.

    I don’t know, all these projects were approved by who, what and how?

    EPU??? Our orang utan who was defeated in 308?

    monk

    Like

  18. ABM
    Feb 28, 2009 @ 02:35:16

    UEM/Khazanah owns PLUS; and PLUS provides more than 70% of the profits of UEM; and UEM isan UMNO owned company….and we expect this Govt to act in the interest of the country and Rakyat?! Come on; why would they slay the Golden Goose?
    Somebody said here “only way to renegotiate all these piratization (no mispelling) contracts is to first boot out the Bad News BN and UMNO!
    People…we have some 20 months to work on all our fellow citizens to get our country back from these Highway Robbers!

    Like

  19. cilipadi
    Feb 28, 2009 @ 10:21:37

    monk,

    They are performing stunts by having U-turns brainless, longkang styles. Whatever styles, money still flowing into their pockets. In fact, money flows into their pockets faster than increasing toll rates by way of compensation.

    By the look at these stunts, they maybe stupid, but actually cunning to the core.

    Take over Federal Govt by PR is the only solution for the highway robberies. No other way. Meanwhile, they are milking the cows dry before PR takeover.

    As RPK said, they are both bodoh sepat and bodoh sombong. By the way, I live in forest jungle, not concrete jungle. Mat rempit not a hazard to me, hahaha.

    Bodoh sepat makan cili, Bodoh sombong rasa pedas

    Like

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