Hornbill Unleashed

February 7, 2012

All contracts on Isthmus went to Taib’s family

Joseph Tawie

Having given Taib Mahmud’s family 275 acres of land at Isthmus, the government then went on to ‘create’ a commercial value to the area.

Chief Minister Taib Mahmud’s family-owned business, CMS Land Sdn Bhd, was given 275 acres of land in the Isthmus, eight km from Kuching, in 1998 and “to make the land more valuable”, the government built the Borneo Convention Centre (picture).

Revealing details of yet another “huge” land scandal in the Isthmus, Sarawak DAP secretary Chong Chieng Jen said: “CMS Land came into possession of 275 acres of land at the Isthmus in 1998 after it completed constructing a barrage under the Sarawak River Regulation Scheme.

“The government alienated the land as payment in kind for the construction of the barrage which cost RM150 million.

“In order to make the land more valuable, the government then built the Borneo Convention Centre (BCCK), which occupied a few acres of the land.

“The contract for the construction of BCCK which was worth RM200 million was given to CMS.

“After it was completed, BCCK was looked after by a management company whose directors are Taib’s sister Raziah and his son, Abu Bekir.”

But because BCCK alone would not boost the value of the land and its surroundings much, they roped in the Sarawak Electricity Supply Corporation (Sesco).

According to Chong, Sesco decided to build its second headquarters in the Isthmus in a two-acre site which it bought for RM10 million from CMS Land.

“Even in the centre of Kuching, we don’t have that price tag of RM5 million for an acre of land.

“As if that is not enough, the government started to build the second bridge from Kuching Port Authority to connect to the Isthmus so that there will be more outlets.

“The bridge was estimated to cost RM200 million, ” he said.

10 million new shares

Chong pointed out that it was now increasing obvious that the whole development “benefited” only Taib’s family.

“You can see the whole development including infrastructural development and buildings benefit one family, the chief minister’s family.

“I think this is not right, because the people pay taxes and they pay Sesco bills. The revenue to the state coffers should not be used to benefit one family,” he said.

Last year, CMS Land entered into a joint venture with Premier Cottage Sdn Bhd, Boulevard Jaya Corporation, Hikmat Majusama Sdn Bhd and Isthmus Development Sdn Bhd to build, own and manage a four-star hotel and serviced apartments on the Isthmus.

It was reported that as part of the agreement, CMS Land would inject two parcels of vacant land located on the Isthmus totalling about 10.5 acres to Isthmus Developments for RM10 million.

This is to be satisfied via the issuance of 10 million new shares in Isthmus Development.

Thus, CMS Land would maintain an eventual shareholding equivalent to 10.3 percent in Isthmus Development.

The proposed project would comprise a four-star hotel with 381 rooms and 96 serviced apartments.

The total cost of the hotel including outfitting, furniture, fittings and equipment, but excluding financing costs and contingencies, is estimated to be RM380 million.

In addition to the hotel, current development includes a marina jetty, commercial and residential development and tertiary educational institutions.

There are plans to further develop the Isthmus into a vibrant commercial hub and satellite city of Kuching.

This is in line with the CMS group’s plan to expand its property arm.

About these ads

16 Comments »

  1. TAIB, YOU’RE TO LONG BECOME CM. DON’T THINK TO “SAPU” EVERYTHING FROM SARAWAK!

    Comment by babai — February 9, 2012 @ 8:20 PM | Reply

  2. Tak malu kah kamu taib.

    Comment by abu — February 7, 2012 @ 7:44 PM | Reply

  3. Will there be roads to Mambong if the thief minister and bastard does not own a clinker plant and undertake the Bengoh dam? Will there be roads to Kota Samarahan if the theif minister and bastard does not own tens of thousand hectares of plantation land there? Will there be roads to the Isthmus and connected from Demak Luat if the thief minister and bastard does not own 275 acres of land at the Isthmus? Will there be roads across Balingain and Mukah if the thief minister and bastard does not own tens of thousands hectares of plantantion land there and does not own Sarawak Press Metal and Mukah Power plant located there?

    Comment by Bolhassan — February 7, 2012 @ 7:29 PM | Reply

    • You are right Bolhassan, this Bastard must be hanged for stealing from the people of Sarawak. We must make sure he is arrested for all the crimes he committed against Sarawakians. This Bastard still has the balls to say that if he is gone and PBB is weakened UMNO will come to Sarawak. We know very well that Rahman Yacub and Taib Mahmud are the proxies of UMNO. They work hand in gloves with one another to steal and plunder. Kampung folks are no longer stupid.

      Comment by Arif — February 8, 2012 @ 11:19 PM | Reply

  4. Hmmm…connecting the bolts and nuts, dots and joints…Hmmm…
    _______________________

    Cahya Mata unit in RM380mil JV to build hotel, apartments
    By M. HAFIDZ MAHPAR, The Star, 2 Dec 2010

    PETALING JAYA: Cahya Mata Sarawak Bhd, through 51%-owned subsidiary CMS Land Sdn Bhd, has signed a joint-venture agreement to build, own and manage a four-star hotel and service apartments at the Kuching Isthmus in Sarawak.

    It told Bursa Malaysia yesterday that it had signed the agreement with Premier Cottage Sdn Bhd (PCSB), Boulevard Jaya Corp Sdn Bhd (BJSB), Hikmat Majusama Sdn Bhd (HMSB) and Isthmus Developments Sdn Bhd (IDSB).

    The building, comprising 381 hotel rooms and 96 service apartments, will cost about RM380mil, including outfitting, furniture, fittings and equipment, but excluding financing costs and contingencies.

    IDSB, which will undertake the development, will finance it via a combination of share issuance, borrowings from banks or financial institutions, as well as advances from the joint-venture partners, except CMS Land, totalling up to RM50mil.

    CMS Land will inject two parcels of vacant land in Kuching, totalling 4.25ha with a lease period of 99 years expiring in 2109 to IDSB for a total consideration of RM10mil to be satisfied via the issuance of 10 million new shares in IDSB, which will undertake the hotel development, at their par value.

    Based on the audited financial statements as at Dec 31, 2009, the net book value of the land was approximately RM5.106mil. The land has not been income generating and thus no profit is attributable to the land, it said.

    CMS Land will eventually own 10.3% in IDSB, while PCSB, BJSB and HSMB will hold 50.5%, 19.6% and 19.6% respectively.

    CMS Land will subscribe for 300,000 new RM1 shares in IDSB, while PCSB, BJSB and HSMB will subscribe for 5.05 million new shares, 1.96 million new shares and 1.96 million shares respectively.

    Building works for the hotel is expected to begin in the first quarter of 2011 and completed by December 2013.

    CMS Land is the land owner and property developer for the Kuching Isthmus development project, which is intended to become Kuching’s new central business district.

    It is a proposed mixed commercial and residential development project that includes convention and exhibition centre, transport hub, tertiary educational institutions, marina and other housing/commercial developments.
    ________________________

    Sarawak Energy Berhad Awards RM232 Million Contract to CMS Land Sdn. Bhd.
    Business Week, 15 April 2009

    Sarawak Energy Berhad has awarded the contract for the development and construction of the Proposed Headquarters Building for SEB (Sarawak Energy Berhad) at Isthmus, Kuching to CMS Land Sdn. Bhd. for a contract sum of RM232 million.
    _______________________

    CIDB Public Info:
    Design & Build Negotiated Contract Prop. Sg. Sarawak Bridge At Isthmus/Kuching Port (Tan Sri Sim Kheng Hong Port), Approach Road & Connecting Road At Isthmus
    Award Date:12-08-2009
    Contract Sum: RM 213,000,000.00
    Client: Jabatan Kerja Raya Sarawak
    Main Contractor: Woodville Construction Sdn. Bhd.

    Comment by Kamus — February 7, 2012 @ 4:40 PM | Reply

  5. I hope those who involve in this will go straight to hell.

    Comment by Colin Ubeh (@swknative) — February 7, 2012 @ 3:30 PM | Reply

  6. How can the Sarawak State government build the Borneo Covention Centre on a parcel of land which is owned by CMS Properties. Or did CMS Properties sell a plot of land to BCC at exorbitant price which is also managed by Taib’s sister? Currently SESCO was forced to buy a plot of land from CMS Properties in the same vicinity as BCC and the building was constructed by Taib’s family. Sarawakians demand a full explanation and want MACC to investigate.

    Comment by Irene Kana — February 7, 2012 @ 2:13 PM | Reply

  7. How many sarawakians read this article? All should print out or send it to BN dayak YB’s or better still to Abang Joe….if he have the ball to care. Manyin has no ball….a yes men and all the dayak’s YB in BN….baru Bian should bring up all the grabs of BN YBs to the public….baru orang nemu.

    Comment by rentapsingh — February 7, 2012 @ 1:29 PM | Reply

  8. If this happened in the US, any ONE of these developments would have gotten Taib removed from office, fined and jailed. His corruption is directly taking the wealth out of every single Sarawakian’s pockets. Why do you Sarawakians keep putting this man in power?

    Shaking my head.

    Comment by Gopher — February 7, 2012 @ 11:58 AM | Reply

  9. Wow! Wasting public funds RM200 million bridge just to connect a private property! Then for what the existing Bintawa causeway road for?

    Ha! Ha! Ha! well done JKR Sarawak! Bravo!

    No wonder JKR Sarawak keep on saying their funds where got enough to build roads, bridges…ya know where it’s all gone lah!!!
    _________________________________

    No budget, no dual carriageway ???
    Manyin says due to lack of funds government’s other option is to build overtaking lanes
    by Georgette Tan, The Borneo Post Thursday 23 December 2010

    SERIAN: The government is keen to develop a dual carriage way between Kuching and Miri to provide easy access between the two cities.

    In saying that this was ideal as it would cut down driving time from 12 hours to seven, Infrastructure Development and Communication Minister Dato Sri Micheal Manyin Jawong, however, said the government did not have sufficient funds to carry out the project.

    “Sarawak is the biggest state in Malaysia and our population is only 2.5 million and very scattered. We cannot follow what is being implemented in Peninsular Malaysia,” he told reporters after officiating at the Christmas Road Safety Campaign today.

    At the same time, Manyin also said that a lot of villages and longhouses were still not accessible by road, adding that the ministry’s target and priority was to make all these places accessible by 2020.

    “Roads are very costly. We cannot just concentrate on the trunk road or the towns. We also want to provide connectivity to all those villages and settlements,” said Manyin, pointing out that this was a tall order for the ministry.

    “Public Works Department (JKR) capacity is there but the money is not,” he said.

    Nevertheless, he acknowledged that the federal government had given the state a substantial amount of money for roads, including those within the SCORE area.

    “Our ministry has submitted a request for RM100 million under the Tenth Malaysia Plan to build overtaking lanes.

    “If we get that, I believe accidents on the trunk roads will be very much reduced,” Manyin said, adding that Sarawak does not have enough volume for toll plazas.

    On the road safety campaign, Manyin advised motorcyclists to give way to larger vehicles even if they have right of way as they usually bear the brunt of any accident with a car or lorry.

    “You may be right, but you may also be dead right,” he said, revealing that around 65 per cent of traffic accidents were caused by human factors.

    “As minister, I appeal to people not to drink and drive. You must know your limit,” Manyin said, adding that Gawai was usually accompanied by a drastic increase in the number of accidents.

    According to Malaysia Road Safety Department (JKJR), the number of accidents increased from 15,157 during Jan-Nov last year to 15,759 this Jan-Nov.

    Meanwhile, accident-related deaths went up from 310 to 330 in the same period.

    Earlier on Manyin handed out brochures and goodies to motorists in Serian, and new helmets to motorcyclists as part of JKJR’s regular road safety campaigns.

    Also present was JKJR Sarawak deputy director Redzuan Hamdan.
    ____________________

    Masing: I will be mad if Song-Kapit road not built <—- Ha Ha Ha!!!
    Borneo Post, Wednesday, 29 June 2011

    KUCHING: Land Development Minister Tan Sri Dr James Masing says he will be mad this time if the authority doesn’t keep its promise to build a road from Song to Kapit.

    It is said that the proposed 45km road would be built starting in June next year. At the moment, the authorities are conducting survey and investigative works on the road which is expected cost some RM45 million.

    “We don’t want to remain an island in Sarawak anymore. I want the road to be built very soon. That’s all I want. I don’t think one will allow Kapit to remain an island for too long,” Masing told the media after his winding-up speech here yesterday.

    Masing, who is also Baleh assemblyman, disclosed that the road had been promised since the Ninth Malaysia Plan.

    “It was promised to put us together. We just want Kapit to be a part of Sarawak in terms of road access. If you promise, then you have to perform la…apa you main-main saja.

    “I will be mad (if the promise is not realised). One cannot promise if one cannot deliver, that’s all I am saying,” he said.

    Masing was however optimistic that under the present prime minister the government would fulfill its promise as enshrined in his slogan of ‘People First, Performance Now’.

    “Based on that, I am confident that the promise will be fulfilled this time.”

    The road construction would be undertaken under the second rolling of the 10th Malaysia Plan (2012-2013), disclosed Minister of Infrastructure Development and Communications Dato Sri Michael Manyin during his winding up speech at the State Legislative Assembly on Monday.

    He added that the road would eventually be connected to Kapit and the surrounding areas in Baleh and upper Rajang though projects carried out under the Sarawak Corridor of Renewable Energy (SCORE).

    Manyin said that in addition to the proposed Kapit road, a 73km access road to Bakun Dam, also in Kapit Division, would also be built.

    Comment by Kamus — February 7, 2012 @ 11:53 AM | Reply

  10. This is really modern-day ‘A Tale Of Two Cities’

    One in CMS Bandar Baru Samariang and now the Isthmus City

    Remember 10 years ago taib denied the CMS Bandar Baru Samariang projects not for personal gain, so expect the same tune again lah

    CMS Bandar Baru Samariang is JV project by CMS and EPF so that’s explain why EPF only give low 5 pct dividends for such a dubious loss-making projects
    ______________________

    Taib dismisses allegations on personal benefits
    Bernama News, Sunday, April 08, 2001

    Sarawak Chief Minister Tan Sri Abdul Taib Mahmud denied yesterday that the development projects implemented in the state had benefited him personally as alleged by some quarters.

    Stressing that the projects were for the people’s benefit, he urged them to think rationally all allegations of nepotism and cronyism which were levelled at him before making any conclusion.

    Speaking at the Kuching-level celebrations of the 40th anniversary of Parti Pesaka Bumiputera Bersatu (PBB), he cited as an example the low-cost housing project in Rampangi, Semariang of which he was accused of benefiting personally.

    Taib, who is PBB president, said the project did not bring much profit to the developer Cahya Mata Sarawak Bhd due to the peat soil condition.

    Not many companies wanted to invest in the project because of the high cost involved to prepare the site for the project, he said.

    But in the interest of the people, the project had to be carried out to provide housing to the low income group, he said.

    “We do not want them to remain without houses and live far away from the city. That’s why we continued with the project,” he said.

    On the issue of Bank Utama, Taib said many Sarawak bumiputra businessmen had benefited from loans given out to improve their businesses.

    He said that if in the past, they had problems getting loans, now no more given the strong position of Bank Utama.

    Comment by Kamus — February 7, 2012 @ 11:41 AM | Reply

  11. If we were Taib we would all do the same! Why should he gives opportunity to others to siphon off Sarawak’s wealth while many more of his own siblings and relatives still want more? This is human evil greed man!! To hell with you all politicians, leaders and all Sarawakians!!

    Comment by Mandela — February 7, 2012 @ 9:49 AM | Reply

    • Aduhai! Your comment 辣死他们的妈妈们!

      Comment by 留台生 — February 7, 2012 @ 10:31 AM | Reply

  12. If this is not corruption what is? It’s so blatant and so shameful that he’s using public money to develop his private projects. As if grabbing public land is not enough, he also use public money to construct all the infrastructures to increase the value of his loot. WTF are you, MACC?

    Comment by apai — February 7, 2012 @ 9:01 AM | Reply

  13. If good people of Sarawak do nothing; Evil wins, Taib wins.

    Comment by rc — February 7, 2012 @ 9:01 AM | Reply

    • If good people do something, they won’t tell you, you lose, Taib loses, Sarawak Wins, Rakyat jelata wins ;)

      Comment by Orang Biasa — February 7, 2012 @ 10:26 AM | Reply


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The Rubric Theme. Create a free website or blog at WordPress.com.

Follow

Get every new post delivered to your Inbox.

Join 415 other followers

%d bloggers like this: