The Star Online: Business
The Star Online: Business |
- Gamuda-MMC faces lower bids from pre-qualified bidders for MRT tunnelling project
- Tanjung gets RM27m Petronas Carigali job
- MAS lines up mid-management
| Gamuda-MMC faces lower bids from pre-qualified bidders for MRT tunnelling project Posted: 21 Oct 2011 05:58 PM PDT PETALING JAYA: The front runner for the mass rapid transit (MRT) tunnelling project the Gamuda Bhd-MMC Corp Bhd joint venture may be put in a tough spot to match the lower bids from some of the pre-qualified bidders, industry sources said. Yesterday a financial newspaper reported that five companies had been pre-qualified for the project, including Gamuda-MMC, China's Sinohydro Group Ltd, South Korea's SK Holdings and two other parties from China and Japan. Gamuda-MMC was the only local company shortlisted. Reliable sources have confirmed this. In an e-mail reply to StarBizWeek, Gamuda said: "We have not been informed of being shortlisted." It didn't reply to other questions in the e-mail. The tunnelling works for the MRT is estimated to cost RM7bil and the financial newspaper reported that the pre-qualified parties had three months to submit their bids. It had been reported that the project delivery partner (PDP) of the MRT project, Gamuda-MMC, would have the upper hand in bidding for the job as it was given the right to match the lowest offer from other bidders for the tunnelling job under the Swiss challenge system (Gamuda-MMC has to match the lowest bid to win). However, bidders from China are said to pose a threat to Gamuda-MMC due to their expertise and experience in tunnelling jobs as well as having the financial muscles to undertake the project. A reliable source added that local parties have a price advantage of between 3.5% to 7.5%, depending on the level of local and bumiputra equity participation in the project. "However even with this price advantage, Gamuda-MMC could still be hard-pressed to match the pricing of some of the other bidders," an industry source said. Meanwhile OSK Research pointed out that while there was a risk of the other four pre-qualified names "under-cutting in their bids, we believe the local JV (Gamuda-MMC) still has an edge." "As the MRT is funded by the Government, we believe it would like to keep the job largely in the hands of local contractors. "Furthermore Pemandu (Performance Management and Delivery Unit) had also previously stated that under the Economic Transformation Programme, the awarding of contracts to foreigners would also depend on whether these would have a positive impact on the GNI (gross national income)." OSK expected Gamuda-MMC to be prequalified for the project, "given Gamuda's experience with the Penchala Tunnel, Smart Tunnel and Kaohsiung MRT." The research house said it expected the award to be made by the end of the first quarter of next year.
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| Tanjung gets RM27m Petronas Carigali job Posted: 21 Oct 2011 05:58 PM PDT Saturday October 22, 2011KUALA LUMPUR: Tanjung Offshore Bhd has been awarded a contract worth RM27mil by Petronas Carigali Sdn Bhd for the provision of three units of offshore support vessels (OSVs) for up to two primary years. Tanjung said in a statement that its unit Offshore Services Sdn Bhd had been awarded the contract on Thursday. The contract for the three units of OSVs is for a primary period of between three months and two years effective October and November this year respectively. "In the event the contract is renewed during the option period, the contract charters will be determined at the then charter rate," it said. Tanjung said the contract was expected to contribute positively to its earnings for the financial years ending Dec 31, 2011 (FY11) to FY13. |
| Posted: 21 Oct 2011 05:57 PM PDT PETALING JAYA: Malaysia Airlines (MAS) has released its organisational chart to its employees revealing the lines of reporting for its middle-level management but it has yet to name a candidate to head sales and marketing since the departure of Datuk Bernard Francis. Datuk Eddy Leong would continue to head Firefly as CEO and he is also the chief operating officer of the short haul operations, sources said. The chart showed that the airline had consolidated the over 10 units to seven, sharpening its focus and made the reporting lines clearer, they added. The seven are commercial, customer experience, operations, group finance, corporate finance, human capital and CEO's office. The three subsidiaries MAS Wings, MAS Aerospace and Engineering and MAS Kargo are also parked under the CEO's office. "As customer is the key focus, MAS has created a new unit, customer experience, which is headed by Datuk Mohd Salleh to look at all the touch points of customer needs, from planning, booking, check-in, baggage handling to customer care. "This is essential since the airline wants to get back to offering full premium services or it would always be known as a second-tier premium carrier," said a source. Customer experience management will be handled by S. Pushpalatha while Rahimah Farjan Ali would oversee service quality assurance and enforcement. While some view the new chart as providing clarity to the lines of reporting, others felt it was "confusing, and it appears to be top heavy again." The immediate focus of the new team should be to return the airline to profitability and make its mark in the premium segment where competition is stiff. MAS reported RM769mil in net loss in first half of 2011 when its rivals in the region reported profits. It has undergone a shake-up with the share swap with AirAsia Bhd in August and this resulted in a board revamp and the entry of the new MD/CEO and deputy CEO. It is the new team that released the new chart to the employees. At the end of September the new team came up with a organisation for the top management team whereby there was a clear separation of duties for the MD/CEO Ahmad Jauhari Yahya and deputy CEO Mohamed Rashdan. Alhough Jauhari oversees the airline, he is also head of long haul operations and Rashdan, the short haul. The commercial unit is also headed by Rashdan until a new candidate is found. All aspects of sales and marketing, revenue management, network and fleet planning, charters, corporate marketing and loyalty programme (Enrich), Golden Holidays falls under the purview of the commercial unit. The head of the commercial office is Datuk Merina Tahir, head of commercial strategy is Datuk Dr Amin Khan, corporate marketing and loyalty programmes remains with Raja Datuk Nordiana Zainal Shah. Revenue management is under the purview of Sharifah Salwa. All the aspects of operations, be it flight operations, the control centre, crew and pilots fall under this unit and it is headed by Capt Mohamed Azharuddin and flight operations under Capt Izham Ismail. The corporate finance unit looks into mergers and acquisitions, fleet management, aircraft financing and leasing and it is headed by Abdul Aziz. MAS made it clear that Firefly would continue to focus on operating the turboprops from its base in Subang and Penang and its jets would be taken over by MAS. The jets would be re-deployed for the short haul operations by Dec 4 as the airline is currently undertaking a route and fleet management evaluation. Separately, Airbus said MAS' first A380 took off from Toulouse for its maiden flight on Thursday after completion of the final assembly and system tests.
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