Selangor State Development Corporation

Lawyer wants PKNS assets transfer declared null and void

Lawyer wants PKNS assets transfer declared null and void

SHAH ALAM: A lawyer has filed an application to declare as null and void the proposal by Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim and the Selangor State Development Corporation (PKNS) to transfer five PKNS assets to its wholly owned subsidiary, Private Real Estate Company (PREC).

 

Plaintiff Kamarudin Ahmad, a partner Messrs Kamarudin Partners located at the PKNS Complex here, filed the application at the High Court registrar’s office here Tuesday.


The five assets are the Shah Alam and Bangi PKNS Complexes, Shah Alam Convention Centre, Menara PKNS in Petaling Jaya and Wisma Yakin in Kuala Lumpur.


In his statement of claim, the plaintiff claimed that on Oct 31 an Utusan Malaysia report quoted PKNS public relations manager Ishak Hashim as saying that the assets would be transferred to PREC for them to be managed more efficiently.


He also claimed that the transfer would cause PKNS to lose the assets which were utilised as locations for Malay and Bumiputera businesses and jeopardise its role as the agency which implements the federal government’s policies as contained in Section 8C and 11 (d) of the Selangor State Development Corporation Enactment 1964. – Bernama

Source: MOLE

Merger of five assets by PKNS has green light from treasury

Merger of five assets by PKNS has green light from treasury – Khalid

TANJUNG KARANG — The merger of five assets belonging to the Selangor State Development Corporation (PKNS) into a single group asset transferred to a wholly-owned subsidiary of PKNS had received the approval of the Federal Treasury.
 

Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said thus there was no necessity for him to reply on the issue which was raised by several parties because the PKNS deputy general manager (corporate) Datin Paduka Norazlina Zakaria had already given a reply on the matter.

He was commenting on the call by Agriculture and Agro-based Industry Minister Datuk Seri Noh Omar that Abdul Khalid, who is also the PKNS chairman, gave a full explanation on the claim that the PKNS board of directors had approved the sale of the five PKNS assets worth RM321 million.

Noh said the five assets were Menara PKNS Petaling Jaya worth RM90 million, Shah Alam Convention Centre (RM97 million), Shah Alam PKNS Complex (RM85 million), Bangi PKNS Kompleks (RM42 million) and Wisma Yakin Kuala Lumpur (RM7 million).

Noh, who is also the Selangor Barisan Nasional deputy chairman, made the call at a function, here today.– BERNAMA

Source: MOLE

Selangor Government should take over house owners' debts as it did with Talam's.

Selangor Government should take over house owners’ debts as it did with Talam’s.

KUALA LUMPUR: An NGO has urged the Selangor Government to take over debts of house owners from a State agency’s housing project and settle it four times the market value.

 

Using the case of the Talam Corporation Berhad’s case in which the Parti Keadilan Rakyat (PKR)-led State Government was alleged to have taken over the company’s debts and paid four times the value, Jaringan Melayu Malaysia (JMM) said the Selangor Government should adopt the same principle in dealing with the house owners debts’ woes with the Selangor State Development Corporation (PKNS).

 

JMM president Azwanddin Hamzah said the Selangor Government should not practice double standard and should help the house-owners as how it took over Talam’s debt and paid four times the market value.


“If they can take over Talam’s debt and paid four times higher than (market) value, it should then not be wrong for them to take over the house owners’ debts following the same mechanism,” Azwanddin told reporters.

 

This, he said, will be consistent with the state government’s aspirations to help ease the burden of the rakyat and the plight of those from the lower-income group.

 

Azwanddin further alleged that the State Government had in November 2009 agreed to pay RM392 million in the Talam case even though Evaluation and Property Serivces Department evaluation made in the same year was only at RM90 million.


“So why can’t they help their own people like they helped Talam before this?” Azwanddin said.

 

Earlier, residents from various low-cost housing projects had demanded the state subsidiary to take over their loans.

 

They had demanded that the State Government directed PKNS to take over their home loans as how it had directed Selangor Industrial Corporation Sdn Bhd (SIC), a PKNS subsidiary, to take over Talam’s debts.

 

“If PKNS can easily take over Talam’s debts through the SIC, why can’t they (the State Government) take over the debts that we have incurred for our homes over the years?” a residents’ representative said.

 

Following that, Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim announced the state government is willing to review the proposal to take over debts of the house owners.

 

However, he said that the state government would only be looking into the possibility of taking over the houses, so that those who can’t afford to own the house, would have the option to pay rent to the state government.

 

Mereka yang tidak tidak mampu membayar pinjaman perumahan, kita boleh ambil rumah mereka dan mereka hanya bayar sewa paling rendah. (We can take over the houses of those who can’t repy their loans and they only have a minimum rental charges).”

 

Namun dari segi pemilikan, mereka tidak boleh (miliki kediaman terbabit) kerana mereka tidak ada keupayaan untuk memiliki kediaman. (However, in terms of ownership, they can’t own the house since they don’t have the financial capability to do so,” he said as quoted in Utusan Malaysia.

Source: MOLE

Selangor Government should take over house owners' debts as it did with Talam's.

Selangor Government should take over house owners’ debts as it did with Talam’s.

KUALA LUMPUR: An NGO has urged the Selangor Government to take over debts of house owners from a State agency’s housing project and settle it four times the market value.

 

Using the case of the Talam Corporation Berhad’s case in which the Parti Keadilan Rakyat (PKR)-led State Government was alleged to have taken over the company’s debts and paid four times the value, Jaringan Melayu Malaysia (JMM) said the Selangor Government should adopt the same principle in dealing with the house owners debts’ woes with the Selangor State Development Corporation (PKNS).

 

JMM president Azwanddin Hamzah said the Selangor Government should not practice double standard and should help the house-owners as how it took over Talam’s debt and paid four times the market value.


“If they can take over Talam’s debt and paid four times higher than (market) value, it should then not be wrong for them to take over the house owners’ debts following the same mechanism,” Azwanddin told reporters.

 

This, he said, will be consistent with the state government’s aspirations to help ease the burden of the rakyat and the plight of those from the lower-income group.

 

Azwanddin further alleged that the State Government had in November 2009 agreed to pay RM392 million in the Talam case even though Evaluation and Property Serivces Department evaluation made in the same year was only at RM90 million.


“So why can’t they help their own people like they helped Talam before this?” Azwanddin said.

 

Earlier, residents from various low-cost housing projects had demanded the state subsidiary to take over their loans.

 

They had demanded that the State Government directed PKNS to take over their home loans as how it had directed Selangor Industrial Corporation Sdn Bhd (SIC), a PKNS subsidiary, to take over Talam’s debts.

 

“If PKNS can easily take over Talam’s debts through the SIC, why can’t they (the State Government) take over the debts that we have incurred for our homes over the years?” a residents’ representative said.

 

Following that, Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim announced the state government is willing to review the proposal to take over debts of the house owners.

 

However, he said that the state government would only be looking into the possibility of taking over the houses, so that those who can’t afford to own the house, would have the option to pay rent to the state government.

 

Mereka yang tidak tidak mampu membayar pinjaman perumahan, kita boleh ambil rumah mereka dan mereka hanya bayar sewa paling rendah. (We can take over the houses of those who can’t repy their loans and they only have a minimum rental charges).”

 

Namun dari segi pemilikan, mereka tidak boleh (miliki kediaman terbabit) kerana mereka tidak ada keupayaan untuk memiliki kediaman. (However, in terms of ownership, they can’t own the house since they don’t have the financial capability to do so,” he said as quoted in Utusan Malaysia.

Source: MOLE

Selangor's sand scandal

Selangor’s sand scandal

The Selangor state government is merely putting on a show for the public through SELCAT in calling for an investigation into the sand mining scandal and have no intend to solve the problem, claimed MCA State Assemblyman for Kuala Kubu Baru, Wong Koon Mun.

The state government did not investigate the issue even receiving complaint and Speaker Dato’ Teng Chang Kim, as the chairman of Selcat, evading his responsibilities by challenging reporters to provide evidence.

It is the state government that should conduct investigation, and not reporters. If they fail to do so, it will show that the state government is incompetent and they lack credibility and transparency.

When Selcat is asked to investigate, it is only a pretensious act for they have no authority to investigate and are passing the responsibility to the witnesses. When witness fail to turn-up, it will used as an excuse to claim no evidence.

Wong also claimed that the Selangor Menteri Besar refuse to to help investigation by declassifying documents listed under the 1972 Official Secrets Act. Conveniently, the Freedom of Information Act in Selangor gives exception to such type of documents from being submitted as evidence for SELCAT hearing.

The documents that could help investigation would be the financial and audit reports of the state government’s subsidiaries, including those of Kuala Semesta Sdn Bhd (KSSB) and the Selangor State Development Corporation (PKNS).

In the Auditor-General’s Report 2009, it had reported that sand theft has become very serious, and that after KSSB had taken over, a total of 1 million tonnes of sand were stolen. This is equivalent to RM1.82 million in taxes. 

 

More in Unspinners 

 


Source: MOLE

PKNS gives 7-month pay incentive

  • nsp

SHAH ALAM: All associations of the Selangor State Development Corporation (PKNS) have welcomed the corporation’s decision to give employees seven months’ pay incentive this year, saying it is a recognition of their contributions and high productivity.

The Workers’ Welfare Association, Senior Officers’ Association, Executive Officers Association, Union of PKNS Workers, Sports and Recreation Association and Islamic Association said the incentive would motivate them to work harder.

The PKNS public relations division, in a statement to Bernama, said the Selangor State Development Corporation Enactment 1964 authorises the corporation to provide incentive pay according to its audited profits for the financial year ending Dec 31 the preceding year.

At its meeting in June, the board approved the incentive payouts to employees of the corporation, its subsidiaries and board members according to prescribed procedures.

The statement said the incentive payouts are justified by the corporation’s improved profits, which in 2010 amounted to RM206.3 million, up 24.3 per cent from the previous year’s RM166.1 million.

The incentive payouts are also justified by the higher staff work performance, it said, adding that the amount of incentive for employees is based on how far they meet their annual work targets.

Last year PKNS paid RM43 million in taxes and contributed RM6.7 million in zakat to the Selangor Zakat Board.

The corporation also contributes an average RM30 million to RM40 million a year to subdsidise low-cost and affordable housing, educational activities and the state government’s welfare programmes.

PKNS gives 7-month pay incentive

  • nsp

SHAH ALAM: All associations of the Selangor State Development Corporation (PKNS) have welcomed the corporation’s decision to give employees seven months’ pay incentive this year, saying it is a recognition of their contributions and high productivity.

The Workers’ Welfare Association, Senior Officers’ Association, Executive Officers Association, Union of PKNS Workers, Sports and Recreation Association and Islamic Association said the incentive would motivate them to work harder.

The PKNS public relations division, in a statement to Bernama, said the Selangor State Development Corporation Enactment 1964 authorises the corporation to provide incentive pay according to its audited profits for the financial year ending Dec 31 the preceding year.

At its meeting in June, the board approved the incentive payouts to employees of the corporation, its subsidiaries and board members according to prescribed procedures.

The statement said the incentive payouts are justified by the corporation’s improved profits, which in 2010 amounted to RM206.3 million, up 24.3 per cent from the previous year’s RM166.1 million.

The incentive payouts are also justified by the higher staff work performance, it said, adding that the amount of incentive for employees is based on how far they meet their annual work targets.

Last year PKNS paid RM43 million in taxes and contributed RM6.7 million in zakat to the Selangor Zakat Board.

The corporation also contributes an average RM30 million to RM40 million a year to subdsidise low-cost and affordable housing, educational activities and the state government’s welfare programmes.