Sunday, December 21, 2008

SIME DARBY VERY EAGER TO INVEST - WHY?

It was widely reported that Sime Darby Bhd would invest on the a new low-cost carrier (LCC) airport in Labu, Negri Sembilan while it was reveal that the government has given its approval for a RM1.6 billion low-cost carrier airport together with Air Asia under a private finance initiative (PFI).

Recently, Sime Darby was involved in the controversy over a takeover of the National Heart Institute (IJN) and the deal was postponed by the government for further evaluation since various groups have raised their concern on the poor obtaining reasonable health care which the BN government had always assured to give the really needy.

Sometime ago, Sime Darby had also turn down the Bakun undersea cables project and the reason offered was it would not be viable for the company.

The surprising factor is why is Sime Darby so keen to invest suddenly ?

The government would have to give details of what kind of PFI is involved and whether any government or public money would be utilised for this project?

news courtesy of NST

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