BNM acquired 22.58ha of land from govt for RM2b
to be utilised to relocate Finance University, International Shariah Academy
to be utilised to relocate Finance University, International Shariah Academy
land be used for future development of education and training facilities
land is contiguous to bank’s Sasana Kijang complex
transaction is culmination of several months of discussions
My comments : This is the biggest bullshit for the month of January. (Because we do not know what bigger bullshit February will bring).
Yo media folks, please find out if the present Bank Negara building itself is "owned" by BNM? I dont think so.
The gomen owns all the gomen buildings, usually through JKR, the various Ministries (especially MOF) and through gomen bodies and gomen corporations (like Putrajaya Developoment Corporation etc).
I dont think Bank Negara even owns their own building which they occupy now. The gomen owns their buildings.
So why or how does BNM now "own" land?
Will the title to the 22.58 ha of land be registered under the name 'Bank Negara Malaysia'? I dont think so.
Bank Negara's charter may not allow for them to own title to land.
This is weird. Dubious.
I think they spent those months trying to figure out how to "legally" camouflage this obviously dubious but not so mysterious transaction.
Not so mysterious because the gomen is short of money. They have to make up for that multi billion ringgit IPIC payment.
They have to buy Milo tins (for the Indian voters) in the upcoming general elections.
More worrisome they have to pay the monthly salaries of 1.6 million Civil Servants and pensions for hundreds of thousands of pensioners.
They are running out of cash.
So they will be tapping on any gomen body that does have money.
Err . . . BNM are you all interested in buying any more buildings.
I have one for sale right now. (Err I know the owner lah).
About 60,000 sf of lettable space.
Class A building, just completed last year.
18 storeys tall.
Location : near Bangsar.
If you are interested you know how to contact me.
En bloc rental is also possible.
Rental can be 'negotiated' for block booking.
Salam Sir. I’d like to correct the premise of your argument about BNM not owning its buildings. 1) BNM is a statutory entity. This means it is operated quite independently of the govt. it has its own budget and does not get an allocation from the govt’s annual budget unlike ministries and agencies. The original capital may have come from the govt in 1959 but since then BNM finds its own ways to make money, and where to spend it. BNM annual financial accounts has the details. 2) BNM owns all its buildings because it paid for them. What you said for govt buildings maybe true for govt but BNM is not govt per se. See 1 above. 3) Nothing in Akta BNM or even the old Ordinance prevents it from owning buildings. 4) I don’t need to go through the rest of your argument when the original premise is flawed. TQ Sir for your attention and for correcting the article.
ReplyDeleteThe price is ok la. Edge Property also show at Ampang Hilir/KLCC area, the land price is around 1k-3k psf. In Pudu area, the land price is around 2k-3k psf. TRX is now at 2k-4k psf.
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