Friday, November 2, 2018

MMC-Gamuda Regain Entire MRT2 Project

Finance Minister Lim Guan Eng (left) announced on October 26, 2018 that MMC-Gamuda have been re-awarded the MRT2 project in its entirety.

This came about after the rapacious conglomerate re-forwarded a revised proposal to slash their cost by RM8.82 billion or 22.4 percent from RM39.95 billion to RM30.53 billion. 

This also includes the firm’s agreement to further increase the proposed cost reduction for the underground portion to RM3.6 billion, up from the original RM2.13 billion offer. 

For those who are blissfully unaware of the story of greed, check out this link @
http://helpvictor.blogspot.com/2018/10/why-so-greedy.html

The MoF had dismissed their original offer – hence, their decision to terminate the RM16.71 billion underground works’ contract with plans to re-tender it. 

It’s good to know that the government had knocked some sense into MMC-Gamuda. Fortunately, for the latter – after a much-needed haircut, they will continue to be the contractor for the underground works for a total cost of just RM13.11 billion.

MMC-Gamuda were obviously oblivious to the issue of national debt, which affects 32 million Malaysians – when their greedy directors and self-centered employees appeared to focus on the alleged job losses, allegedly numbering “20,000” – which, if I may add, is both inaccurate and incorrect since the above ground projects of MMC-Gamuda are not cancelled. 

Besides, trying to sway public opinion through misinformation is despicably detestable. 

I wish the government could penalize companies for their unbridled avarice.














Image credit: https://stevensonfinancialmarketing.wordpress.com/2012/12/08/marketing-funnies-corporate-greed-demands-more-sacrifices/ (EDITED)

Here's a good piece of advice for MCA!















Let's see if MCA can find their balls!

A 5-0 rout of bottom side Dundee in the Scottish Premiership on Wednesday saw Celtic climb within four points of table leaders Hearts. 

Five goals from five players: Tom Rogic (20), Scott Sinclair (33, penalty), James Forrest (38), Odsonne Edouard (45+2) and Ryan Christie (48). 

A real Halloween horror show!

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