Tags Posts tagged with "profits"

profits

Aliran is alarmed that the Barisan Nasional is in the final stages of negotiations that would allow Sime Darby to acquire a stake in the National Heart Institute (IJN). Since the negotiations are in the final stages, it would mean that the deal has been in progress for some time. But the public has been kept in the dark as though they have no interest in IJN.

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syed shahirRising food and fuel prices mean the real purchasing power of workers’ wages is plunging fast. What we have seen is economic growth that has only benefited business owners, thus increasing the income divide. Are we to deny workers the very basics in life just so that businesses can thrive and record huge profits, asks Syed Shahir Mohamud.

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Penang Turf Club land (240 acres)

Sold to Abad Naluri ("open recreational space"): RM43 per square foot

After re-zoning (to "mixed development"): value soars to RM250-300psf

Developer makes windfall profits before work can even begin! 

Aliran puts the spotlight on an iconic monument to folly known as the Penang Global City Centre Project with an eye-popping development value estimated at RM25 billion. Critics have dubbed it the "Penang Graveyard and Crematorium Complex" because of its proximity to a crematorium and a cemetery. Already a civil society campaign against the PGCC is gaining momentum as more and more Penangites become aware of its horrendous environmental implications. Instead of creating a concrete monstrosity with 40 towers, the government must convert the Turf Club land into a State Park as a legacy for future generations


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