Najib calls on Umno to get ready for general election
Umno president Datuk Seri Najib Tun Razak has given the clearest indication yet that the 13th general election is imminent when he told the party faithful to get ready for it and to get into battle mode. His deputy Tan Sri Muhyiddin Yassin was even more direct when he said that “it cannot be denied that the general election is just a few months away.” The 61st Umno general assembly has been abuzz with talk that the elections could be held as early as July. Stopping short of naming the date for the general election, Najib said he would first start with a revamp of the party leadership at state and federal levels, leaving many expecting a Cabinet reshuffle and even some new Mentris Besar or Chief Ministers. (The Star)
Batu Sapi:
• The late MP’s widow, Linda Tsen, is BN candidate
• Pakatan’s candidate is lawyer Ansari Abdullah
• Former CM Yong is SAPP's choice
In three separate announcements yesterday, the names of the by-election candidates for the Batu Sapi parliamentary seat have been announced. Housewife and part-time music teacher Datin Linda Tsen Thau Lin, 54, was been named the Barisan Nasional candidate for the Batu Sapi parliament seat. Linda, the widow of MP Datuk Edmund Chong Ket Wah, is also the deputy wanita chief of the Elopura Parti Bersatu Sabah (PBS) division that was headed by her late husband. Oppostion coalition Pakatan Rakyat has picked Parti Keadlilan Rakyat supreme council member Ansari Abdullah as its candidate for the Batu Sapi by-election on 4 Nov. Sabah Progressive Party president (SAPP) Datuk Yong Teck Lee is the party’s candidate for the by-election. The announcement was made here Saturday by SAPP vice-president Poon Kee Yong, who said the decision to field the former chief minister was finally agreed upon by the party’s leaders at 2am. (The Star)
Asas Serba throws spanner in the works at UEM-EPF deal
Asas Serba SB, a consortium of businessmen, has not given up hope to acquire PLUS and plans to submit a competing proposal. According to Asas Serba spokesperson, Datuk Syed Md Amin Aljeffri, he said that Asas Serba will submit a counter offer soon. PLUS had earlier received a buyout offer worth RM23bn, or equivalent to RM4.60 per share, made by its largest shareholder UEM with EPF as its partner to take over the company’s assets and liabilities. (Malaysian Reserve)
KL-S’pore high-speed link proposal to be made soon
A proposal for a high-speed train from Kuala Lumpur to Singapore using the magnetic levitation (maglev) technology will soon be submitted to the Government, industry sources said. The sources also said the Government would soon appoint an international consulting firm to study the various proposals for the highspeed rail link to Singapore. The maglev is the train system that links Shanghai’s Pudong airport with its financial district and was the first installation of its kind in the world. The journey of 30km takes about seven minutes. The maglev train in Shanghai can reach speeds of up to 350km per hour in two minutes, although new generation trains being developed on this technology can go even faster, it is understood. The maglev proposal will be competing with that of the conventional high-speed rail network, an idea first mooted by the YTL Group. Its technology partner then was said to be Germany’s Siemens, a global expert in high-speed rail technology. (Starbiz)
EPF to call for open bid in 2011
The Employees Provident Fund (EPF) is expected to call for an open tender to develop the 1,214ha of federal land in Sungai Buloh, Selangor, in the second half of next year. It is learnt that the EPF has initiated a master plan for the land development, which is expected to take six months to a year to complete. The land, dubbed the "new hub" for the Klang Valley and owned by the Rubber Board of Malaysia, will be split into several parcels to attract local and foreign private property companies. "The land will not be offered to just one developer. We will be fair and offer land parcels to several companies through an open tender system," a government source said. Speculation was rife that the EPF would likely appoint Malaysian Resources Corp Bhd (MRCB) as the project's master planner and lead developer since it owns 41.5% of the company. However, the pension fund said that Kwasa Land SB - its joint venture with the government - would tender individual parcels of land through a transparent process. (BT)
Sunway signs MoU for China development
Sunway holdings has signed an MoU with Shanghai Zhushengyuan Real Estate Co (SZRE) Ltd to explore the feasibility of a mixed development project in Changsha and other parts of China. Under the MoU, both parties will jointly bid, invest, construct and develop the land plots for the proposed development. The agreement is valid for 18 months, unless extended by Sunway and SZRE. (Malaysian Reserve)
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