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Showing posts with the label Sarawak

Sarawak state election 2011: BN to lose 2/3 majority?

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Coming this Saturday, 16th April 2011, the Sarawak state elections will be held and Malaysians will be watching closely on the outcome. Of course, I do not know the outcome yet. In fact, I am afraid to predict it, as the " not so good " result will jeopardize my share investments. I am not a Sarawakian either, what should I gauge against? As Chinese said, outsiders tends to be clearer than insiders. As such, Finance Malaysia refer to the following article taken from Credit Suisse as a reference, a view from foreigners. BN's 'fixed deposit' will be put to test? The Sarawak state elections will be a key barometer for Prime Minister Najib to gauge the support for Malaysians for the incumbent Barisan Nasional (BN). While previous state elections were seen to be non-events, as Sarawak has always been BN stronghold, these particular polls will likely be the most hotly contested. This round, for BN to lose the 2/3 majority, it will need to lose 24 seats or an additional ...

Bakun Dam - Malaysia or Sarawak?

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- Putrajaya agrees to sell the multi-billion RM Bakun Hydroelectric Dam - No power transmission to peninsular as a result which could span 670 km and costing RM 9 bn - Cabinet has agreed on the Sarawak's government's proposal Multi-billion question: At what price? - Official overall cost of project is RM7.3bn (not yet factor in cost overruns, compensation for delays & interest) - Speculate price tag RM 8bn , but, Sarawak was expecting a mere RM 6bn only Why such a BUY ing impulse? Sarawak said the state needs the electricity generated to power up its SCORE corridor, which still do not has concrete investment yet. However, Kuching deny there will NO power glut by stressing the demand is there to meet soon.