A bit of facts on PLUS

Amongst the biggest shareholders for PLUS:
UEM (indirectly, Khazanah): 40%
Khazanah: 24%
EPF: 10%
ASB: 4%

As it stand on 2007 financial report:
Toll collection: RM 1.82 billions
Profit before tax: RM 1.31 billions (72% of toll revenue)
Liabilities: RM 10 billions
Asset: RM 15.9 billions
Tax exemption: RM 400 millions

PLUS have to publish this because they are a public listed company. The numbers speak for themselves.

Agreement between PLUS and G’ment is G’ment to G’ment.
Toll charges is ridiculously high
EPF only gave out 5% dividend.
We been forced to feed Khazanah, EPF,… but return to us is insignificant
Further tax exemption on highly profitable organization taking out further public money to enrich government and their high pays corporate figures.
PLUS do not have nett liabilities instead nett asset worth 5 billions.
….

There will be talk about reviewing concession clauses and reducing toll price for consumers. Will there be further compensation from public fund to PLUS for profit loss? Will the charge truly reduced to benefit the public and country economic growth (imagine small business can emerge on substantial reduce on transportation cost).

We can’t help to ponder if the toll still necessary. Are we seeing Khazanah to collapse without toll collection and eventually crippled economy growth? Or will be seeing more economic growth since transportation is amongst the biggest private and SMI spent? What is the effect of charging RM 0.01 or less per km compare to RM 0.14 per km to PLUS, Khazanah, Malaysia, SMI, and public?

I am stating again and again about wealth distribution. Last year we are seeing 5% EPF dividend, 7% ASB, low increment for GLC and yet we are the main contributors to this organization profitability. This organization (government) in no loss business and making tonnes of money directly from our pocket. The money does not circulated back to our wealth growth but disappear elsewhere.

We are paying a lot to own a car because of Proton (GLC), pay high fuel price because of Petronas want to export domestic output (GLC), high toll because of PLUS (Khazanah, GLC),….. The minute I buy a car, I would pay about 10,000 on excise duty and tax go to government, pay 100 on a full tank that bulk of it go to Petronas profitability and government tax, pay RM 100 to make a visit to my parents to PLUS that is own by GLC, barely left with anything by month end and still have to pay yearly income tax, road tax, licence renewal, …
Who is helping whom??