KINIBIZ And so it comes to pass that 1Malaysia Development Bhd (1MDB) won the tender for the 2,000MW coal-fired power station. But Tiger won’t dwell on the merits versus YTL but instead wonders what is so strategic about it. Strange that Tenaga Nasional and Malakoff could not put in competitive bids. Why? And really, do we need 1MDB at all?

In the jungle, its all about the basics - no fancy stuff here couched in terms such as strategy. It’s more about tactics, that’s what puts food on the table. You can have a plan, but if you don’t execute well, you simply go hungry - until you execute that is. That’s as plain and simple as one gets.

So Tiger went right down to the basics to examine why 1MDB was set up in the first place ( see box ).

To summarise further, it has a strategic role in growing the economy via global partnerships and promoting foreign direct investment or FDI. It’s supposed to catalyse new sources of growth. How much has it done in those terms?

Nothing, yes nothing!

For the complete article go to KiniBiz .

This article was written by P Gunasegaram.