Month: January 2012

by Yin Ee Kiong

“You are saying our problem is civil disobedience, but that is not our problem. Our problem is civil obedience. . . . Our problem is that people are obedient while the jails are full of petty thieves, and all the while the grand thieves are running the country.” Howard Zinn

Do governments expect their citizens to obey them or the laws promulgated by them even if the laws are unjust or immoral?

If the answer to the above is “Yes, Always!” then Hitler’s laws and the actions of the Nazis against the Jews would be in order. The laws passed by the Apartheid regime of the old South Africa would be acceptable. And Martin Luther King Jr and thousands of Americans should not have marched in protest against segregation and racial discrimination. Nearer home, should the Burmese then not have protested against a regime not of the people or by the people?

In other words no one should go against those establishments simply because they were ‘legal’.

But legal is not the same as moral; laws which have no moral basis are untenable and ultimately unsustainable. If a piece of legislation is immoral to begin with or if it is against the interests of the citizens, if they are there merely to ensure the regime stays in power then should not citizens disobey them?

Governments which are propped up by unjust laws have to be challenged. Continue reading “To Obey or Disobey?”

— John Inbaraj
The Malaysian Insider
Jan 28, 2012

JAN 28 — Bersih, Cekap dan Amanah. When Dr Mahathir Mohamad became prime minister, he walked in with this slogan. However, in the 22 years he held power, he systematically destroyed every legacy the British and our founding fathers (excluding Abdul Razak) had stood for and built steadfastly.

In fact, Dr Mahathir even destroyed Umno, and history will forever record that the Umno of Onn Jaffar was declared illegal during the Mahathir administration!

When Abdullah Badawi took over he saw the need to introduce Gemilang, Terbilang dan Cemerlang. Many saw Abdullah as a good man but that did not last long.

From out of nowhere, Khairy Jamaluddin arrived on the scene.

Scomi, a company linked to Abdullah’s son, was born and gained many contracts.

Then a Patrick Lim suddenly became a big player in the business world. A huge plot of prime land in Penang was almost acquired by an associate company of Equine Sdn Bhd under the guise of setting up the Penang Global City Centre (PGCC).

Thankfully Penang fell to the opposition. Alas, not long after, Abdullah was booted out tactically — perhaps by those close to Dr Mahathir’s manipulative hand.

Then came the wizard of acronyms, Najib Razak (indeed Dr Mahathir had a massive hand in having him nominated as the DPM and eventually PM) with the power-packed slogan, “People First, Performance Now”. Continue reading “World leaders: Creatures of God or the Devil?”

Queville To | January 28, 2012
Free Malaysia Today

Villagers in Tambatuon are fed up with the ‘confusing’ and ‘vague’ statements from their MP Rahman Dahlan over the controversial RM500-million dam.
KOTA BELUD: Sceptical villagers in Tambatuon, where a controversial RM500-million dam is to be sited, want a written commitment from the Musa Aman-led state administration that it will not go ahead with the project.

Dismissing Kota Belud MP Rahman Dahlan’s “confusing statements”, the villagers said their decision was “not negotiable” and that the dam project cannot go on.

They also took a swipe at village chief, Amin Goling, seen as Rahman’s lackey, for the former’s “full” support for the project.

Speaking on behalf of the villagers, chairman of the Village Action Committee Jahim Singkui said the letter from the state government must state clearly that it “will not” proceed with the controversial Tambatuon dam project.

“We have heard enough confusing statements from Rahman and Amin. Amin’s views are his own, it is not the opinion of the villagers.

“As far as the villagers are concerned, there is no more negotiation. We want a letter from the government to state that it will not proceed with the Tambatuon dam project, ” Jahim said. Continue reading “No dam claim: Villagers want it in writing”

Jeswan Kaur | January 28, 2012
Free Malaysia Today

If indeed the word “mess” was not used in his 2010 report to describe the state of affairs in the NFC, why did the Auditor General take three months to issue a clarification.

COMMENT

Three months ago, the Auditor-General declared the National Feedlot Centre project worth RM73.64 million was in a ‘mess’, so much so he suggested that the Agriculture and Agro-Based Industry ministry talk with the Finance Ministry to determine the “direction of the project”.

Now, Ambrin Buang is saying that his report at no point mentioned that the NFC project was in a mess. The term “mess” he says was conjured by the press. Ambrin told the MCA-owned The Star that his team had never used words such as “mess”, “chaos” and “misappropriation” to describe the project.

Ambrin said: “These words were used by other parties and the department should not be held responsible. The department is of the opinion that if there are any elements of misappropriation in the implementation of this project, it would be up to the authorities such as the police or the Malaysian Anti-Corruption Commission (MACC) to investigate.”

If indeed the word “mess” was not mentioned by the report, why did it take Ambrin three months to clarify? Is it not obvious that he has come under pressure from the ‘powers that be’ to do some damage control on this issue which has opened up a can of worms? Continue reading “Is govt dictating terms to Ambrin?”

— Sakmongkol AK47
The Malaysian Insider
Jan 27, 2012

JAN 27 — Datuk Seri Najib Razak was crowned the “Father of Moderation and Transformation” by the World Chinese Economic Forum (WCEF), which said the prime minister’s “fair and just leadership” had benefited the Chinese community “tremendously”. WCEF chairman Datuk Michael Yeoh said in his speech at the conferment ceremony today.

This was the major news item of the day. WCEF is a gathering of Chinese hongs and towkays eager to seek business favours from the PM. How does Michael Yeoh come by his assessment?

Among others, Yeoh praised Najib’s 1 Malaysia platform, his administration’s decision to increase allocation to Chinese schools and the introduction of tax exemptions for churches and temples, saying the initiatives were proof of the prime minister’s commitment to “fairness and justice”.

Fuyoh! I had to pinch myself. Never have I heard such outpouring of boot-licking averments which Michael sought to prove by stating the material I placed in italics above.

Let me steal the thunder from Michael’s shameless sycophantic offerings. Continue reading “Najib is made Optimus Prime by Michael’s Decepticons”

Mariam Mokhtar | January 27, 2012
Free Malaysia Today

The inexcusable translation in our government departments is not just a question of lack of professionalism and education but, more importantly, of attitude, especially of those at the top.

Throughout Malaysia’s arms spending history, the government has forked out billions on defence procurement while millions more have allegedly been used for commissions and backhanders.

And yet the defence ministry does not see fit to apportion a tiny fraction of its massive budget on the services of a translator.

It cannot be a lack of funds or a scarcity of translators. Is it an aversion which started after one high-profile translator connected to a particular defence purchase met an untimely end?

When the Ministry of Defence (Mindef) posted its error-riddled translation on its English website to describe the dress code appropriate for staff, it received extraordinary attention on social networking sites like Facebook and Twitter.

The translations ranged from the painful sounding “Clothes that poke eye” to the more serious safety connotation of the “Malaysian Government take drastic measures to increase the level of any national security threat”.

Defence Minister Zahid Hamidi admitted that his ministry had utilised the free Google online translator. He subsequently ordered the site to be removed temporarily. It is easy to blame Google. Continue reading “Manglish or Bahasa rojak. How can?”

by Zairil Khir Johari
The Malaysian Insider
Jan 27, 2012

27 JAN — Sebaik sahaja enjin pesawat mula bergema tandanya bakal berlepas, saya terus memejamkan mata merenung perbualan di lapangan terbang sebentar tadi.

Semasa menunggu di balai perlepasan, saya telah terserempak dengan seorang sahabat lama keluarga. Walaupun sudah lama tidak berjumpa, masa tidak mengizinkan omongan panjang. Maka selepas bertanya khabar saya terus menjunam ke dalam topik yang sedang hangat dibicarakan umum.

“Memandangkan Pakcik pernah menjadi ahli lembaga pengarah Universiti Malaya, apakah pendapat Pakcik tentang beberapa insiden kebangkitan mahasiswa baru-baru ini dan tindakan tatatertib yang dikenakan ke atas mereka?”

Pesara yang bergelar Tan Sri itu terus tersenyum. “Saya bukan sahaja bekas ahli lembaga pengarah, saya juga seorang graduan UM! Tetapi untuk menjawab soalan kamu, saya amat mengesali suasana pendidikan tinggi di negara kita dewasa ini.”

Saya menoleh sekejap ke arah pintu perlepasan. Tiada aktiviti lagi. “Bagaimana tu?”

“Sebab di mana kita sepatutnya mendahului, kita sudah jauh ketinggalan, dalam segala aspek,” ujar Tan Sri yang selama 36 tahun telah mencurahkan khidmat bakti untuk tanahair. “Begini, kita bermula dari awal. Kita negara yang bernasib baik kerana telah mewarisi institusi-institusi yang matang. Itu tidak boleh dinafikan. Antara kuasa-kuasa imperialisme yang telah menakluki dunia semasa era kolonial, boleh dikatakan bahawa kuasa British adalah penjajah yang paling baik. Ataupun sekurang-kurangnya, yang paling kurang zalim. Setuju?” Continue reading “Renungan di angkasa”

Mohd Ariff Sabri Aziz | January 27, 2012
Free Malaysia Today

Malay rights group Perkasa can say all it wants about Islam coming ‘under siege’ in Selangor, but the fact is it’s Umno’s ruinous actions which threaten Islam.

COMMENT

Is Selangor Menteri Besar Khalid Ibrahim a closet Christian evangelist? Is that why Perkasa is upset over him taking charge of Islam in the state, warning that “the faith of Islam, of Muslims is under siege in Selangor”?

Is Khalid not Islamic enough for Perkasa?

I believe placing Khalid in charge of Islamic affairs in Selangor is the best decision the Pakatan Rakyat government has made.

Despite Perkasa’s postulation that Khalid “lacks the religious credentials”, I believe he will lend the prestige and stature of the MB’s office to Islamic affairs.

Since he has managed the state financially well, he can keep a look-out on the zakat money, too.

So how is he a threat to Islam, as claimed by Perkasa? Khalid is no threat to Islam, Umno is. Continue reading “S’gor MB is no threat to Islam”

— Ronald Benjamin
The Malaysian Insider
Jan 27, 2012

JAN 27 — Since Anwar Ibrahim’s acquittal, political commentators and prominent intellectuals have made statements that the judiciary has shown independence. Prime Minister Najib Razak has said that the High Court decision is testimony that he has not interfered with the judiciary. Is the PM implying there was indeed interference before?

Is our judicial system built on such shaky grounds that it has to depend on the goodwill of a prime minister in office for its independence? While it is true recent cases such as the judgment on the Universities and University Colleges Act and the conviction of a prominent state politician have suggested the independence of the courts, these rare decisions do not make the judiciary independent.

One of the greatest truths in any meaningful reforms is the ability to dig deep beyond the surface to discover the root cause of the judicial rot and accepting the widespread perception that interference of judiciary may have occurred. The culprits must be nailed and remedial solutions must be found. Atonement must be shown for past mistakes, and we can then look forward to a lasting solution that would allow us to leap forward into a new era.

This requires honesty and truth seeking. Has our judiciary undertaken such soul searching in its quest to become truly independent? Some commentators have argued that over the years the judiciary has shown independence by taking action against both government leaders and opposition politicians and this by itself shows independence. But this argument is simplistic because the judicial process is not merely based on the judgment in a given case. The details of the process of justice itself, whether it meets the standards of natural justice and its ability to adhere to the supreme objective law of the constitution, are other major considerations. This is where the Malaysian judiciary system appears to have failed compared with other countries with a more well developed and independent judiciary. Continue reading “Judiciary far from truly independent”

Four things are clear.

First, that there is something very rotten about the RM336.64 million National Feedlot Centre (NFC)/National Feedlot Corporation (NFCorp) “cattle condo” scandal – what with a RM250 million soft loan at 2% interest to promote cattle production used to buy two units of luxury condominiums in Kuala Lumpur and another condominium in Singapore, purchase of land in Precinct 10 Putrajaya, close to a million ringgit expenditures on overseas trips and extraordinarily high salaries for the family members of Datuk Seri Shahrizat, Minister for Women, Family and Community Development.

Second, that very high-level personalities are involved whether in the scandal or in the decision-making process resulting in the scandal, and that the personalities who must clear themselves include not only Shahrizat but also the Prime Minister, Datuk Seri Najib Razak who was then Chairman of the Cabinet Committee on High Impact Projects which approved the NFC project in 2006, Deputy Prime Minister, Tan Sri Muhyiddin Yassin, who was then the Minister for Agriculture and Agro-Based Industries, Datuk Seri Nor Omar, current Minister for Agriculture and Agro-Based Industries, even the former Prime Minister, Tun Abdullah as well as the entire former Cabinet before the 12th General Elections on March 8, 2008.

Third, the initial reactions of the various authorities unanimously trying to avoid touching the NFC/NF Corp scandal with a “barge pole”, although the Auditor-General, Tan Sri Ambrin Buang signed off the Auditor-General’s Report 2010 on 8th July 2011 with copies sent to the various relevant authorities, including the Cabinet – which probably explains the irresponsible inactions for more than six months, the delayed presentation of the Auditor-General’s Report in Parliament on October 25 when it should have been tabled in Parliament more than three weeks earlier on the first day of the Budget Parliament on 3rd October; the initial five-month refusal of the Malaysian Anti-Corruption Commission (MACC) to investigate the scandal; the refusal of the Public Accounts Committee Chairman Datuk Seri Azmi Khalid to allow the PAC to conduct immediate and urgent investigations into the scandal although the PAC may cease to exist any time with the imminent dissolution of Parliament for the 13th General Elections and the continued refusal of the Prime Minister and the Deputy Prime Minister to agree to a Royal Commission of Inquiry into the scandal. Continue reading “Why patriotic Malaysians must unite as one and in loud and clear voice demand for a RCI into the RM336.64 million NFC/NFCorp “cattle condo” scandal”

By Marie Chêne
Senior Research Coordinator
Transparency International

New Zealand, Denmark, Finland and Sweden have been consistently ranked at the top of the Corruption Perceptions Index and are perceived to be the least corrupt of all the countries surveyed.

They are not perfect – still falling short of the target 10 out of 10 on the index – but many still want to know about how these countries have managed to contain corruption.

Beside law enforcement, there is a broad consensus that fighting corruption involves public participation and transparency mechanisms such as disclosure of information.

Preliminary findings from upcoming country studies for Finland, Denmark and Sweden indicate that this “integrity system” function relatively well in these countries.

But what makes their “national integrity systems” more effective? Continue reading “What makes New Zealand, Denmark, Finland, Sweden and others “cleaner” than most countries?”

By Yow Hong Chieh
The Malaysian Insider
Jan 26, 2012

KUALA LUMPUR, Jan 26 — Datuk Seri Najib Razak should use his powers as prime minister to expedite the probe into the National Feedlot Corporation (NFCorp), a former senior police officer said today.

Former city CID chief Datuk Mat Zain Ibrahim said Najib could instruct the police, graftbusters and the Attorney-General’s Chambers to finish investigating the scandal-hit livestock company within a fortnight.

“Straightforward criminal breach of trust cases like [NFCorp] need at most two weeks,” he said in a statement.

“If the PM says he can’t interfere in the investigation or decision to prosecute, that’s just a weak and childish excuse.”

Mat Zain pointed out that in 1998, then-Tun Dr Mahathir Mohamad had ordered him to quickly wrap up the high-profile investigation into Datuk Seri Anwar Ibrahim’s black eye, failing which a royal commission of inquiry (RCI) would be set up to look into the police force. Continue reading “Instruct police to speed up NFCorp probe, ex-top cop tells Najib”

Patrick Lee | January 26, 2012
Free Malaysia Today

Let the media roam free during elections, the National Union of Journalists tells government.

PETALING JAYA: As the general election draws nearer, the National Union of Journalists (NUJ) has demanded that the government let go of its iron grip on the country’s media.

In a letter to Parliamentary Select Committee (PSC) on Electoral Reforms chairman Maximus Johnity Ongkili, NUJ general-secretary V Anbalagan listed a number of media-related proposals for the committee to consider.

Anbalagan claimed that these proposals –which included limiting the government’s control over the media – would ultimately create a level playing field for all political parties during the election.

“Journalists are to provide reliable information for everyone to take part in the democratic decision-making process. As such, it is the duty of the journalists to supply all individuals with diverse information for them to make decisions later,” he wrote.

Chief among the proposals was the setting up of a media monitoring committee, formed by the Election Commission (EC). Continue reading “NUJ to govt: Don’t muzzle the press”

It is most deplorable and the height of irresponsibility that at this late stage, after three months of continuous almost-dailyh adverse publicity, the family of Datuk Seri Shahrizat Abdul Jalil, the Minister for Women, Family and Community Development, is still trying to shirk accountability with her husband, Datuk Seri Mohamad Salleh Ismail, the chairman of National Foodlot Corporation (NFCorp) Chairman claiming that the Auditor-General had confused NFCorp, a private entity, with the National Foodlot Centre (NFC) which is owned by the Agriculture and Agro-based Industry Ministry.

The Auditor-General Tan Sri Ambrin Buang has not made any such mistake in his Federal Accounts Report 2010 and I am not aware that he had made any such admission in any subsequent statement.

Mohamad Salleh deserves public censure for his attempt at semantics to avoid accountability and responsibility when the RM336.64 million NFC scandal (which involves the NFCorp scandal) cries out for full disclosure and investigation, as the whole NFC/NFCorp scandal stinks, and is not just a “mess” (which the AG did not say) but a “terrible mess” (which the AG should have said)! Continue reading “Most deplorable at Mohamad Salleh’s attempt at semantics when the RM336.64 million NFC/NFCorp scandal is not just a “mess” but “a terrible mess””

Last Saturday, when two young Malay professionals from Perak both of whom UiTM law graduates, Fairuz Azhan and Dyana Sofia announced joining the DAP, close on the heels of similar announcements by Hata Wahari, former President of National Union of Journalists (NUJ) and two wellknown bloggers Mohd Arif Sabri or known as Sokmongkok AK47 on the blogosphere and Aspan Alias, UMNO Youth leader Khairy Jamaluddin was sufficiently upset at Malays joining DAP as to come out with a public statement.

In the coming weeks, when more Malays, both young and old, join DAP in the struggle for a united, just, democratic and competitive Malaysia for all Malaysians, the Prime Minister and UMNO President, Datuk Seri Najib Razak and Deputy Prime Minister and Deputy UMNO President, Tan Sri Muhyiddin Yassin would be the next persons to be upset and shocked.

Let me inform the UMNO leaders that this is the tide of the times and no force in the world can stop more Malays joining up with other Malaysians from other ethnicities in DAP to build a common destiny as Malaysian citizens for future generations of Malaysians.

DAP has right from the beginning of our formation 46 years ago committed to the cause for all Malaysians, regardless of race, religion or region – the forerunner of the 1Malaysia policy promulgated by Najib when he became Prime Minister but which could not secure unanimous and unconditional support of his Cabinet and Barisan Nasional leadership after 33 months. Continue reading “Najib and Muhyiddin should not be ignorant and contemptuous of Constitution and the law by exploiting the 3R cards of race, religion and Raja Melayu against DAP”

– Oleh Fairuz Azhan
Roketkini
25 January 2012

25 JANUARI – Baru-baru ini satu sidang media telah diadakan di Ipoh untuk memperkenalkan saya dan saudari Dyana Sofya yang membuat keputusan untuk menyertai DAP.

Berita tentang kami sebagai dua orang graduan undang-undang dari UiTM menyertai DAP bagaikan telah mencetuskan fenomena dan pelbagai reaksi daripada pelbagai lapisan masyarakat am.

Bukan sahaja saya datang daripada sebuah universiti Bumiputera tetapi saya bersekolah di sebuah sekolah berasrama penuh Melayu di Ipoh yang cukup terkenal. Malah alma mater saya, Sekolah Tuanku Abdul Rahman dahulu dikenali sebagai MSS atau pun Malay Secondary School.

Saya bukanlah golongan orang Melayu yang ‘tak bersyukur’, malah sebaliknya. Segala pendedahan dan ilmu yang saya perolehi saya guna pakai untuk berfikir bagaimana untuk menambah baik keadaan di negara kita. Continue reading “Mengapa saya pilih DAP”

— Aspan Alias
The Malaysian Insider
Jan 26, 2012

26 JAN — Khairy Jamaluddin, Ketua Pemuda Umno Malaysia, telah meminta DAP mengeluarkan senarai ahli-ahlinya dari kaum Melayu jika benar DAP sekarang sedang mendapat sokongan dari kaum Melayu. Khairy berkata setakat tiga orang Melayu yang menyertai DAP itu tidak melambangkan yang parti itu sudah diterima oleh orang Melayu. Saya tidak yakin kenapa penyertaan orang Melayu di akhir-akhir ini menjadi isu dari Sabah hingga ke Perlis.

Saya hanya hendak memberikan komen yang pendek terhadap cabaran Khairy ini dan saya rasa boleh memberikan jawapan kepada kenyataan Khairy itu kerana saya adalah salah seorang dari orang Melayu yang telah menyertai DAP baru-baru ini.

Untuk pengetahuan Khairy DAP tidak membuat pengasingan ahli-ahlinya mengikut bangsa dan agama. Di dalam borang permohonan menjadi ahli, tidak ada petak yang bertanyakan dari kaum apa pemohon-pemohon tersebut kerana sebagai sebuah parti yang memperjuangkan untuk semua tanpa mengira kaum dan budaya bangsa dan ethnik ahli-ahli tidak menjadi perkara penting. Continue reading “Khairy Jamaluddin: Musuh saudara dalam Umno, bukan DAP”

— Abd Shukur Harun
The Malaysian Insider
Jan 26, 2012

26 JAN — Tidak syak lagi bahawa generasi baru, malah sesetengah generasi lama juga, telah dengan jelas menolak politik perkauman. Dengan itu parti politik yang berasaskan kaum, atau tebal dengan perkauman sedang menghadapi zaman gelapnya.

Dengan itu, tidak mungkin lagi politik perkauman akan terus mendominasi iklim politik di Malaysia, justru golongan yang mendukung politik perkauman semakin merosot dan terus merosot.

DAP yang sejak puluhan tahun digambarkan oleh musuh politiknya sebagai parti perkauman Cina, kini berusaha keras memulihkan imejnya sebagai parti politik untuk semua kaum di Malayia. Usahanya itu sebanyak sedikit menampakkan hasil di mana sudah ada tokoh-tokoh Melayu yang menyertainya.

Keterlibatan tokoh Melayu itu mampu menonjolkan kesungguhan DAP untuk dilihat secara praktikal sebagai parti bukan perkauman. Tokoh terkini Melayu dalam DAP yang mula mengukir nama ialah seperti Zairil Khir Johari (anak Tan Sri Khir Johari), Prof Arifin Omar, Mohd Arif Sabri seorang blogger yang terkenal dengan nama samaran Sokmongkol AK 47, bekas Presiden Kesatuan Wartawan Malaysia (NUJ), Hatta Wahari dan mungkin ramai lagi yang sudah memasang niat untuk bersama DAP.

Ramai yakin untuk memastikan Melayu dilihat ada tempat dalam DAP, mereka akan diberi kedudukan tertentu untuk ditonjolkan sebagai tokoh Melayu dalam DAP.

Kalangan yang menyertai DAP ini sudah tentu mempunyai persepsi yang sama bahawa masa depan politik Malaysia bukanlah politik perkauman. Justru mereka melihat Pakatan Rakyat — di mana terdiri dari PAS, DAP dan PKR — mempunyai potensi yang sangat baik. Continue reading “Politik perkauman akhiri zamannya”

By Dr. Ong Kian Ming BSc (LSE), MPhil (Cantab), PhD (Duke)
Teh Chi-­-Chang, CFA, BSc (Warwick), MBA (Cantab)
Refsa | 25 January 2012

RM48,000 in 2020 is not real income. The ETP promises to double gross national income (GNI) per capita to RM48,000 by 2020 from RM23,700 in 2009. However, RM48,000 in 2020 will be worth a lot less than RM48,000 today, just like RM100 today buys a lot less than RM100 eight years ago, thanks to ever-rising prices. If Malaysians are really to be twice better off, nominal income must be RM64,000 by then, to compensate for the 2.8% per year inflation that PEMANDU expects.

Nothing transformational in the RM48,000 target. This target is for nominal income, which includes inflation, and not real income, which strips out inflation. Because of inflation, nominal GNI per capita growth averaged 8.2% from 2001-2010, whereas real GNI grew only 3.2%. At the historical average 8.2% per year growth rate, nominal incomes will exceed RM48,000 by 2018 anyway, with or without the ETP or PEMANDU.

PEMANDU and its expensive consultants cannot even get basic mathematics correct. If the income target is RM48,000, PEMANDU’s 6% real GNI growth rate and 2.8% inflation forecasts are wrong. If its growth and inflation forecasts are right, then the RM48,000 target is wrong – it should be RM54,145 in 2020, not RM48,000. Furthermore, key metrics of some EPPs – the investment value, GNI contribution and jobs created – are unavailable.
Continue reading “A Critique of the ETP (Part 2) – We won’t really be twice as rich in 2020”

Mohd Ariff Sabri Aziz | January 25, 2012
Free Malaysia Today

The ‘Che Det Consensus’ is an economy built around problem solving that is ‘practical’ only for the Malaysia’s business and Umno political elite.

COMMENT

I found it odd the statement from Khazanah Nasional Bhd that it didn’t make profit from its sale of Proton Holdings Bhd’s shares to DRB-Hicom Bhd. If no profits were made, why sell the shares?

Secondly, Khazanah’s statement can be construed as an admission that it was given a fait accompli – take this price and don’t ask any questions. In Malaysia, only one person can do that – the man who can walk on water – Dr Mahathir Mohamad.

I hope I can throw more light on the sale of Proton shares to DRB-Hicom. Were there any other bids besides DRB-Hicom presented to Khazanah?

Is Khazanah brave enough to publish the identity of all the bidders?

If it has the courage to do so, we shall not be surprised if the bidders were the Tengku Mahalil-Arumugam group, DRB-Hicom and Nazmi and company. And they all have only one master – Mahathir. Continue reading “Khazanah sold Proton for no profits?”