Bina Puri - The Sources Strikes Yet Again!

Published on the Edge. 29-07-2008: Bina Puri close to landing RM290m EDL job

• 29-07-2008: Bina Puri close to landing RM290m EDL job
  By Jose Barrock
  
  KUALA LUMPUR: Bina Puri Holdings Bhd is said to be close to bagging a RM290 million highway construction contract from Malaysian Resources Corp Bhd (MRCB), sources say.
  
  The contract is understood to be a portion of the Eastern Dispersal Link (EDL), the RM980 million highway which will connect the tail-end of the North-South Expressway at Pandan to the Customs, Immigration and Quarantine complex in Tanjung Puteri, Johor Bharu.
  
  Last June, the federal government awarded MRCB a 34-year concession for the design, construction, operation and management, and maintenance of the EDL, which is slated to be a three-lane dual-carriageway, 8.1km road with about 4.4 km elevated.
  
  It is learnt that MRCB would be giving out the letter of award to Bina Puri in the next few days, with an announcement to be made to Bursa Malaysia shortly after.... ( click here for rest of the article )

Oh my gosh!

The sources strikes yet again!

Last year, on June 23rd, I blogged the following, Regarding Bina Puri Article on Star Bizweek (Last year article was truly appalling since the reporter made several misleading statements in that article on Star Bizweek. Total debts were mis-stated making the company appear much healthier financially! - do read that blog posting!)

It's that same reporter.

Apparently now he's writing on the Edge.

Same again to sources yet again!

Sigh!

Just look at the quality of our financial press. It's simply depressing and more so, the same so-called reporter gets away by publishing articles after articles after articles based on unnamed sources!

One day... perhaps our financial press should be named the UNNAMED SOURCES NEWS!

Sigh!

Let me say again.. if there is any credibility in the sources of this news, then why is the source afraid to be named?? Why??