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Archive for December 28th, 2010

Friendly announcer for TVSB #2

TV Sarawak Bebas #2 has been released today! See trailer here. You are welcome to order it on-line as a way to help subsidise its rural distributions! The content this time focus on land grabs issues in Kg Gran, Long Terawan, Pulau Bruit and Lawas. The 5th issue is about the lack of hospital services which force many seriously injured patients to lose their life on the long way to Miri, usually sent by ambulances which break down often.

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Before every election there seems to be a coincidental bear market in the stock exchange-and so Sarawak state elections are expected to experience one soon, if not already! A Maybank report said that the peak of the market is reached within 3-4 weeks before polling.  Which share to buy? The banks identified 5 big companies linked to the Chief Minister to lead the charge: CMS, UBG Bhd, Encorp, HSl & Weida. Outside of these big 5, there are a few others to watch and buy: KKB, Naim Holding, Putrajaya Perdana Bhd, Loh & Loh Bhd, Dayang Enterprise, Sarawak Plantations, Sarawak Cable &  SIG Gases.  The shares will go up due to the releasing of projects to these companies with good `cables’ to the politicians by the Federal and state government before the elections. The calculation is simply to hope that the bear market will make the share holders so happy that they will continue to vote BN. Will this calculation works now that the urban voters can buy the shares and still vote the other parties!

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Taib Mahmud is better at capturing the economic `rent' from logging than the government headed by him!

Sarawak only managed to collect 18% of revenue from logging the rainforest compared (poorly) to Indonesia at 26%, and Sabah, at 88%! The difference is said to be diverted to the pockets of the head of government to partly finance their re-election! This means that the head of government has subverted the government institutions headed by or entrusted to them. The untold diverted revenue may explain why infrastructure in Sabah, Malaysia’s poorest state, compare more favourably to that of Sarawak. It is like a Bakun dam of revenue impounded by the head of government. So: who is this very selfish head of government which compare unfavourably to notoriously  corrupt  Indonesian and Sabahan head of governments? Taib Mahmud will have to answer this question since there is no one else occupying the head of government position longer during the entire period of this academic study(1970-99) by David Walter Brown , published in 2001. In light of this: who is the biggest  `anti-government’ here?
University of Washington

Abstract

Why Governments Fail to Capture Economic Rent:
The Unofficial Appropriation of Rain Forest Rent by Rulers
In Insular Southeast Asia Between 1970 and 1999

David Walter Brown (For full paper go  here)

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