May 19, 2010
DAVID SYMONS
The Sydney Morning Herald
Nexbis cranked up the fax machine yesterday to advise the ASX that international press reports mentioned in this column are close to the mark: the tiny company is in discussions with the Cambodian government regarding a 15-year deal worth $US700 million ($830 million) to improve national security systems in areas such as passport printing and identity card production.
The news did not impress the market, presumably because Nexbis has already had a couple of false starts with major Asian government contracts. Nevertheless, it would be fascinating to learn what negotiating tactics Nexbis employed in its efforts to win the deal.
There is no sign the contract was put out to tender, something seemingly at odds with comments in an Asian Development Bank publication exploring ''systems for curbing corruption in public procurement''. Apparently, under Cambodian regulations, ''competitive bidding is mandatory for the purchase of goods, services or works worth more than $US12,500.''
The Cambodia Daily noted earlier this month that controversial arrangements with Nexbis could be the largest deal ever struck in the country, worth about 35 per cent of the government's total expenditure this year.
Nexbis has a market capitalisation of about $70 million.
The news did not impress the market, presumably because Nexbis has already had a couple of false starts with major Asian government contracts. Nevertheless, it would be fascinating to learn what negotiating tactics Nexbis employed in its efforts to win the deal.
There is no sign the contract was put out to tender, something seemingly at odds with comments in an Asian Development Bank publication exploring ''systems for curbing corruption in public procurement''. Apparently, under Cambodian regulations, ''competitive bidding is mandatory for the purchase of goods, services or works worth more than $US12,500.''
The Cambodia Daily noted earlier this month that controversial arrangements with Nexbis could be the largest deal ever struck in the country, worth about 35 per cent of the government's total expenditure this year.
Nexbis has a market capitalisation of about $70 million.
2 comments:
David,
You'd better read the regulations again. It is not 'competitive biddings is mandatory..', but 'competitive bribing is mandatory..' if the regs does say 'competitive bidding..', then be assured that it is a definite typo.
Democratic Kampuchea Pol Pot Khmer Rouge Regime
Members:
Pol Pot
Nuon Chea
Ieng Sary
Ta Mok
Khieu Samphan
Son Sen
Ieng Thearith
Kaing Kek Iev
Hun Sen
Chea Sim
Heng Samrin
Hor Namhong
Keat Chhon
Ouk Bunchhoeun
Sim Ka...
Committed:
Tortures
Brutality
Executions
Massacres
Mass Murder
Genocide
Atrocities
Crimes Against Humanity
Starvations
Slavery
Force Labour
Overwork to Death
Human Abuses
Persecution
Unlawful Detention
Cambodian People's Party Hun Sen Khmer Rouge Regime
Members:
Hun Sen
Chea Sim
Heng Samrin
Hor Namhong
Keat Chhon
Ouk Bunchhoeun
Sim Ka...
Committed:
Attempted Murders
Attempted Murder on Chea Vichea
Attempted Assassinations
Attempted Assassination on Sam Rainsy
Assassinations
Assassinated Journalists
Assassinated Political Opponents
Assassinated Leaders of the Free Trade Union
Assassinated over 80 members of Sam Rainsy Party.
"But as of today, over eighty members of my party have been assassinated. Countless others have been injured, arrested, jailed, or forced to go into hiding or into exile."
Sam Rainsy LIC 31 October 2009 - Cairo, Egypt
Executions
Executed over 100 members of FUNCINPEC Party
Murders
Murdered 3 Leaders of the Free Trade Union
Murdered Chea Vichea
Murdered Ros Sovannareth
Murdered Hy Vuthy
Murdered Journalists
Murdered Khim Sambo
Murdered Khim Sambo's son
Murdered members of Sam Rainsy Party.
Murdered activists of Sam Rainsy Party
Murdered Innocent Men
Murdered Innocent Women
Murdered Innocent Children
Killed Innocent Khmer Peoples.
Extrajudicial Execution
Grenade Attack
Terrorism
Drive by Shooting
Brutalities
Police Brutality Against Monks
Police Brutality Against Evictees
Tortures
Intimidations
Death Threats
Threatening
Human Abductions
Human Abuses
Human Rights Abuses
Human Trafficking
Drugs Trafficking
Under Age Child Sex
Corruptions
Bribery
Embezzlement
Treason
Border Encroachment, allow Vietnam to encroaching into Cambodia.
Signed away our territories to Vietnam; Koh Tral, almost half of our ocean territory oil field and others.
Illegal Arrest
Illegal Mass Evictions
Illegal Land Grabbing
Illegal Firearms
Illegal Logging
Illegal Deforestation
Illegally use of remote detonation bomb on Sokha Helicopter, while Hok Lundy and other military officials were on board.
Lightning strike many airplanes, but did not fall from the sky. Lightning strike out side of airplane and discharge electricity to ground.
Source: Lightning, Discovery Channel
Illegally Sold State Properties
Illegally Removed Parliamentary Immunity of Parliament Members
Plunder National Resources
Acid Attacks
Turn Cambodia into a Lawless Country.
Oppression
Injustice
Steal Votes
Bring Foreigners from Veitnam to vote in Cambodia for Cambodian People's Party.
Use Dead people's names to vote for Cambodian People's Party.
Disqualified potential Sam Rainsy Party's voters.
Abuse the Court as a tools for CPP to send political opponents and journalists to jail.
Abuse of Power
Abuse the Laws
Abuse the National Election Committee
Abuse the National Assembly
Violate the Laws
Violate the Constitution
Violate the Paris Accords
Impunity
Persecution
Unlawful Detention
Death in custody.
Under the Cambodian People's Party Hun Sen Khmer Rouge Regime, no criminals that has been committed crimes against journalists, political opponents, leaders of the Free Trade Union, innocent men, women and children have ever been brought to justice.
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