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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (4395)	6/15/1998 12:15:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 9980

Malaysia-Singapore Second Crossing carrying less than expected load. From: Theotherhalf <mobile@tm.net.my> Newsgroups: soc.culture.malaysia Subject: A BRIDGE TOO MANY Date: Mon, 15 Jun 1998 01:51:56 +0000 A BRIDGE TOO MANY The recently opened Malaysia-Singapore Second Crossing is carrying less than 25% of its expected load. Company sources say even if traffic tripled the crossing could not break even. Linkedua (M) Berhad, the Malaysian operator, wants a government bailout. Linkedua is part of the debt-ridden Renong Group controlled by PM Mahathir Mohamad's ally Halim Saad. The low revenues are due to the recession and Singapore's decision to collect tolls at its end. The link is tied to Renong's development plans in Bandar Nusajaya township near the crossing. It bought the land years ago, before prices fell. Now, no one is interested. One bailout idea is to close the old causeway for some flimsy reason to force traffic to the new one.

To: Bill Ounce who wrote (4395)	6/15/1998 12:42:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 9980

SE Asia news articles Resuscitating Asia [...] June 18, 1998 Ever since the fall of the Thai baht nearly a year ago, there have been symptoms aplenty of the region's declining health: swooning stockmarkets, battered currencies, mounting bad loans. It has all taken a nasty toll on the Asian body economic. [...] x8.dejanews.com Malaysia Opposition Slams 'Animal Farm' Crackdown [...] KUALA LUMPUR, June 14 (Reuters) - Malaysia's opposition leader said on Sunday that riot police broke up his party's third public meeting in two weeks in the latest sign of a crackdown on civil liberties. [...] x13.dejanews.com "They wanted to colonise the country" Dr. Mahathir [...] KUALA TERENGGANU, Fri. - Datuk Seri Dr Mahathir Mohamad called on Malaysians not to be influenced by media propaganda by western capitalists to manipulate their minds to create disunity and weaken the country. The Prime Minister said the West had coined many words such as globalisation, deregulation and crony capitalism and these were often used by the Malaysian media.[...] x1.dejanews.com