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OTK fails in 108 PKFZ questions – like Shaolin disciples who cannot pass the gauntlet of the 108 movements of Shaolin Wooden-men Lane and 18 Lohans

My three questions (No.106 to No. 108) on the 36th day in the current series to Transport Minister Datuk Seri Ong Tee Keat on the RM12.5 billion Port Klang Free Zone (PKFZ) scandal today are

Question No. 1: Four days ago, Port Klang Authority (PKA) Chairman Datuk Lee Hwa Beng announced deferment of payment of RM660 million due to PKFZ turnkey developer Kuala Dimensi Sdn. Bhd (KDSB) from the government’s soft loan of RM4.6 billion, comprising:

(i) RM130 million payable on or before 30th June 2009 under the Sale and Purchase Agreement dated Nov. 12, 2002 between KDSB and PKA;

(ii) RM230 million payable on or before 30th June 2009 under the Development Agreement dated March 27, 2004 between KDSB and PKA;

(iii) RM150 million payable this month under the supplemental agreement for additional development works dated Nov. 30 between KDSB and PKA; and

(iv) RM150 million payable this month under the supplement agreement for new additional development works dated April 26, 2006 between KDSB and PKA.

The PKA is to pay the RM660 million to four companies which are special purpose vehicles created by KDSB and to which it had assigned the debts. The four companies created by KDSB are Special Port Vehicle Bhd, Transhipment Megahub Bhd, Valid Ventures Bhd and Free Zone Capital Bhd.
Continue reading “OTK fails in 108 PKFZ questions – like Shaolin disciples who cannot pass the gauntlet of the 108 movements of Shaolin Wooden-men Lane and 18 Lohans”

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When will Utusan Malaysia stop being a racist newspaper of untruths and falsehoods and honour the journalistic maxim “Comment is free but facts are sacred”?

When will Utusan Malaysia, which had such a illustrious place in the history of Malaysian journalism, end its descent into the gutter and stop being a racist newspaper of untruths and falsehoods, and honour the journalistic maxim “Comment is free but facts are sacred”?

Utusan Malaysia today carried in its “Sorotan Parlimen” an article entitled “Kit Siang terus ‘panaskan’ Dewan Rakyat”, which among other slants and prejudices, wrote:

Pada minggu terakhir pula iaitu Selasa lalu, sekali lagi Kit Siang menunjukkan kehebatannya dengan menyerang peribadi Menteri Dalam Negeri, Datuk Seri Hishammuddin Tun Hussein semasa sesi penggulungan Rang Undang-Undang Suruhanjaya Integriti Agensi Penguatkuasaan (SIAP) 2009 yang disampaikan oleh Menteri di Jabatan Perdana Menteri, Datuk Seri Mohamed Nazri Abdul Aziz.

Sesi itu menjadi kecoh apabila Kit Siang bangun mencelah sambil menyifatkan Hishammuddin sebagai ‘menteri pondan’ kerana tidak hadir ketika sesi penggulungan rang undang-undang itu yang banyak menyentuh mengenai polis.
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Call for public inquiry on how the half-a-trillion ringgit contributed by Petronas to government past 33 years and the RM15.2 billion ringgit royalty to Terengganu from 2000-2009 have been properly spent and accounted for

Former Prime Minister, Tun Dr. Mahathir has raised a very pertinent question – where have the close to half-a-trillion ringgit, to be exact RM426.6 billion, of petro-ringgit from Petronas to the government in the past 33 years since 1976 gone?

Since 1976, payments by Petronas to the Federal Government are as follows:

Continue reading “Call for public inquiry on how the half-a-trillion ringgit contributed by Petronas to government past 33 years and the RM15.2 billion ringgit royalty to Terengganu from 2000-2009 have been properly spent and accounted for”

FY Payment (in billion)
1976 0.3
1977 0.7
1978 0.7
1979 0.7