6 Principles to make PPP successful - Nor Mohamed

Salam and dear all, Utusan Malaysia (23rd Nov. 2010) reported that Nor Mohamed Yakcop, Tan Sri, a Minister in the PM's Department made the following statements in relation to the implementation of PPP in Malaysia... Malaysia would be using PPP as among the key investment platform in effort to promote some RM150 million in spending over the next 10 years. He claimed that such spending is required to sustain a 6% growth in the economy up to 2020. He listed 6 principles to make PPP successful;

• High commitment by the government in implementing PPP projects
• Creating conducive and supportive environments to implement PPP projects
• Selecting capable private sector entity with the necessary financial capability
• Capacity building in human resource
• Financially capable to implement projects on longer term basis
• Work ethics between the public and private sectors.

Read the full report at http://www.utusan.com.my/utusan/info.asp?y=2010&dt=1123&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_02.htm Wassalam

Rising building material, labour and hidden costs of construction...

Salam and dear all, Read here (The Star, 15th November 2010) on the: Rising building material, labour and hidden costs main concern for Johor developers Wassalam

Price of property, shortage of land for development and potential strategies

Salam and dear all,

• An article in The Star (30th October 2010) discusses the continuous and upward increases in the price of property in Malaysia... land price at RM7,000.00 per square feet in Kuala Lumpur!
• Read here: Most Malaysians cannot afford the high price of property

Wassalam

Mediation as an alternative method of dispute resolution

Salam and dear all,

1. The article below (from The Star, 29th October 2010) illustrates the growing trend in using ADR to settle disputes, in this case via Mediation.
2. For those in the construction industry, the PAM Form 2006 includes a provision on Mediation but this requirement is not mandatory. Read the article here: CJ pushes mediation option

Wassalam.

The 2011 Budget in brief

Salam and dear all,

1. Here is an overview of the 2011 Budget (taken from The Star)... 5%-6% growth seen next year.
2. Go to (copy-paste) http://www2.treasury.gov.my/data/le/le11.html for the 2011 Economic Report.

Wassalam.