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Tuesday, October 30, 2012

RM34.3 billion buys a lot of coconuts but what does he do with RM34.3 billion worth of coconuts? What do you do with RM34.3 billion worth of debt? And so Syed Mokhtar has a lot of troubled companies in his stable and counting. When does he stop, how does he stop and when will Umno allow their cash cow to stop accumulating debts?




The al-Bukhary story

CT Ali
 | October 30, 2012
An embarrassment of business opportunities, political patronage and debts. The Syed Mokhtar al Bukhary story.
COMMENT
Syed Mokhtar al Bukhary is like a king? First it was FLOM and now it is SMIK? (Syed Mokhtar is King).What will our king have to say about this pretender to his throne who also happens to be a tycoon – something which our king is not.
All this came from that MP from Kinabatangan, Bung Mokhtar Radin.
The first question I want to ask of this Sabah Umno leader is why has he got his beady eyes trained on this Syed Mokhtar guy?
I am no fan of Syed Mokhtar but why is Bung Mokhtar breaking ranks with Prime Minister Najib Tun Razak in the same way he did with Shahrizat Abdul Jalil – and you know what happened to Shahrizat after that.
Or is Bung Mokhtar taking a position to the rear of Najib’s unprotected left flank ready to do battle against Najib?
Or has Syed Mokhtar done a Abdul Razak Baginda on Bung Mokhtar?
Remember what Razak Baginda did to Altantuya Shaariibuu? He did a runner on her once he was in the money! Did Syed Mokhtar not deliver on what he promised Bung Mokhtar?
There may be loyalty amongst thieves but amongst politicians it is a scarce commodity. Today Najib, tomorrow Muhyiddin Yassin. Today one wife tomorrow two. This is the stuff Barisan Nasional MPs are made of… deceit, duplicity, greed, arrogance, large doses of libido and a misplaced self worth.
But Bung Mokhtar’s life is just a little sandiwara as opposed to the operatic saga that is Syed Mokhtar’s. Is Syed Mokhtar too big to fail? I think the adage that when you owe the banks billions, your continued success in business is as much the banks’ interest as it is yours rings true with Syed Mokhtar.
Colossal debts
This is Halim Saad all over again. Shades of Amin Shah creeps into the picture while Tajuddin Ramli smiles at the irony of it all – another bumiputera businessman doing his national service the hard way – raking a debt of RM34.3 billion courtesy of his political masters aka Umno. There are countries in Africa that have gone comatose with debts less than that.
This all too familiar comedy of bumiputera businessmen doing business the Umno way is good for a laugh if not for the real tragedy that will befall our nation when they fail. And fail he will.
RM34.3 billion buys a lot of coconuts but what does he do with RM34.3 billion worth of coconuts? What do you do with RM34.3 billion worth of debt? And so Syed Mokhtar has a lot of troubled companies in his stable and counting. When does he stop, how does he stop and when will Umno allow their cash cow to stop accumulating debts?
When will Umno ever learn? Some very rich Malay now becomes richer as his political patron makes him richer in order for this very rich Malay to pay for his political patronage.
Very soon no political solution can be found to resolve the RM34.3 billion debt he has incurred. His ability to manage his political patron it is not matched by his ability to manage his RM34.3 billion debt. Soon the very rich Malay fades to obscurity… preferably somewhere abroad.
We have seen this comedy of errors enacted many times before in companies and businessmen linked to Umno. With very rare exception, the Chinese businessman who profited from political patronage goes from strength to strength and at times even from one prime minister to the next one.
Not the Malay businessman. He has an embarrassment of business opportunities thrown at him by his political masters. Even more than what he, his family, his relatives and friends can handle – even his driver too. The banks are tripping over each other in offering him more money then there are PAS supporters in Kelantan. And still in the end they all fail.
An embarrassment of business opportunities, an embarrassment of loans on offer and an embarrassment of debts – all too familiar a scenario with Malay businessmen who owed their fortunes to political patronage.
His debts are our debts
When they fail, the consequence of their failure is felt by you and me because it is our money and our opportunity to business that he has been playing with – not his. So his debts are our debts and we end up paying for it.
For good reason, we should remember Renong whose debts was about RM20 billion or 7% of loans in the banking system 14 years ago, far less than the risk posed by Syed Mokhtar’s business. Renong failed and Renong’s bankruptcy caused hundreds of millions in losses to investors, the collapse of the stock market and a RM10 billion government bailout!
Lunacy in any person is distressing but in our leaders it becomes distressing and at times dangerous. Is it not the height of madness to allow another Renong to happen?
Is it not the act of a lunatic to select Syed Mokhtar’s Seaport terminal to take the Finance Ministry- owned Penang Port Sdn Bhd (PPSB) private when it’s owner, Syed Mokhtar, already has a total debt of RM34.3 billion?
It seems that again, this government has not learnt from past mistakes. We have!
CT Ali is a reformist who believes in Pakatan Rakyat’s ideologies. He is a FMT columnist.

Monday, October 29, 2012

If we continue as we are today, continue to ignore the risks of pitting race and religion against commonsense and decency, we have better make sure that we have enough wither all within us to go another five years of endemic corruption, systematic malaise of government institutions and financial mismanagement of our nation wealth.

steadyaku47 comments: with all due respects DSAI. Maaf Saudara for this but our hearts, our minds, our thoughts and every fiber within ourselves wants you to succeed! Succeed for our sakes, our nations sakes and for the sake of the future of our children! So this needed to be said!

with thanks to : 




Time for Anwar to show leadership

CT Ali
 | October 28, 2012
There are so many uncertainties surrounding Pakatan's ability to perform well in the next polls. It's time for Anwar to start showing leadership.
COMMENT
Saudara Anwar please understand that we want leadership from you. We want you to act before the fact – not after the fact.
Act not react. Sit down with DAP and PAS and decide what is it that Pakatan Rakyat will have to do that will put the fear of God into Umno’s consciousness. Then tell us.
We are in this together and we cannot be in this together if we know not what Pakatan will do.
What are your plans for Selangor? Can Perak be retaken? Who are your candidates in the various constituencies and why were they chosen?
Is Kedah winnable and how do you intend to make that win possible? Have you done enough in Lembah Pantai to ensure it remains with Pakatan?
How is the feuding between PKR and DAP in Penang to be contained? Will PKR make their peace with Zaid Ibrahim and how will Zaid’s considerable presence be harness now that he has committed himself to the opposition cause?
What is the game plan for the taking of Johor? Is Negeri Sembilan a lost cause and what can be retained in the face of mounting pressure against PKR’s representative there?
What about the Indians? Are they being listened to? And what of Sabah and Sarawak where the winds of change howls much too loudly for anyone to ignore?
No more gutter politics from both side. We want to see willingness from Barisan Nasional and Pakatan to place their leaders in the line of fire and face the public and explain their stand on issues and policies that they have committed themselves to.
Let me be blunt.
If we continue as we are today, continue to ignore the risks of pitting race and religion against commonsense and decency, we have better make sure that we have enough wither all within us to go another five years of endemic corruption, systematic malaise of government institutions and financial mismanagement of our nation wealth.
And that is a possibility whether BN or Pakatan forms government! So help me God!
CT Ali is a reformist who believes in Pakatan Rakyat’s ideologies. He is a FMT columnist.

 



 
  • Daisy Tan ·  Top Commenter
    Datuk Anwar, make sure you have your integrity and honour intact.Do not disappoint the people who look up to you. Be a great statesman and please Walk the Talk! Best wishes to you for victory in GE13.
    • Laurence Hawk ·  Top Commenter · Bukit Bintang Boys' Secondary School
      DSAI, let us tell you, you have the ingredient of leadership to lead us out of the devilish BN's deceitful bushes. You have led us walk too far to return to the ASAL, our spirits remained intact to soldier on together. The columnist is right, show us the way to down this totalitarian gomen. Thank you, Sir.
      • Molly Teoh ·  ·  Top Commenter
        Well written CT,Datuk anwar,lawn tetap lawan. The past two weeks,the feedback from my friends n their friends n family is all for PKR..this is between the Devil n the Angel...the momentum of CHANGE is swinging n even the LAW OF NATURE N TRUTH supports you....KALI INI LAH...UBAH...GO FOR IT
        • Gregory Chang ·  Top Commenter · Works at Atos
          And you yourself said it that this might be your last attempt, whether true or false you need to do it now and do it the "right way and the best way"! Do it for the Rakyat and do it for Malaysia!
          • Jackson Ng Kee Seng ·  Top Commenter · St. Xavier's Institution
            More substance is needed in your Jelejah Merdeka Rakyat speeches.
            • Warren Wong ·  Top Commenter · Kuala Lumpur, Malaysia
              DSAI, I totally agree with the article. Your elegant slience over matter affecting PKR is no different from Najib. If u & him r equal, I'd rather stick with Najib. Your people like Rafizi and Nurul r doing gr8 jobs but no support. With Azmin, u r quiet. I don't want a storm in PKR after the GE like before. So restore my trust in u before I change my mind. I want to know where we r heading. BN is a headless chicken!
              • GS Guang Trading ·  Top Commenter · Technical College
                DSAI, Especially Azmin who we lose confident. Please act correctly. Khalid is important to Selangor. He must retain in Selangor seat.
            • Subramaniam Nagappen · Simpang Lima Tamil School Klang
              I thing Pakatan already have their Line up (cabinets) to take over the Govt. They are very educated compare then BN. Example Like Selangor and Penang even Kedah. Their administration is more clearly and better. You see BN they don't have right person. Senator coming as minister, person lost election coming as minister furthermore even they don't have women to lead the minister post until PM (a man) to come as Minister. This show BN don't have right candidate to rund the Govt.
              • Eddy Chin Pit
                datuk anwar I know you can do it.show it to all the malaysian and your family.lawan tetap lawan la?
                • Sugumaran Krishnan ·  ·  Top Commenter
                  DSAI please choose CANDIDATES, with credibility and not because they are funders or cronies like UMNO, and check every Cabang leaders performance before picking them to the battle grounds, as some were just fresh without experience whom are still lack of test and trials.
                  • Azmi Jamaluddin · ACS
                    We also want u to make Be End folowers to join PR as many as possible to make the CHANGE in the next PRU-13, let them help us to make the change. GOOD LUCK..
                    • Peter de Silva ·  Top Commenter
                      agree! anwar should come out with policies instead of attacking bn's failures. we have bits n pieces but nuthin wholesome.
                      • Tan Kong Huat Johnathan ·  Top Commenter · HELP University College
                        his leadership is already proven before. he is a demigod. however people get old but party remains as young as ever....love all.
                        • Chris Choo
                          We need strong political will to remove BN in the coming poll. Anwar Ibrahim must show strong leadership to unite all Malaysians and make this nation a truly 1Malaysia if Pakatan wins in GE13.
                          • Chris Choo
                            Anwar has to show leadership and unite all Malaysians and chart a clear direction for the nation to move forward if Pakatan wins in GE13.
                            • Stanley Teoh Teoh ·  Top Commenter
                              I hope you'll be a candidate for the GE13... (?)
                              • Tan Ka Lock ·  Top Commenter
                                Mr CT Ali.....what you'd stated is partially correct but Pakatan Rakyat cannot disclosed all their plans, strategies in public to let their Enemies to attack them! These Pakatan national leaders ( Anwar, Nurul, Karpal Singh, Hadi Awang, Nik Aziz, Lim Guan Eng, Lim Kit Siang others ) definitely have plans and various strategies and known among their national leaders but not to me and you for sure.

                                So don't worry once Pakatan takes over Putrajaya after GE13 the Rakyat and you will be fully informed. Even our PeM , Najib Rosak dare not debate with him proven that our AI is still the best leader. Just take a look at the Quality and Dignity and Credibility of our Ministers.... only God can answer.
                                • Don Colin ·  Top Commenter · La Salle
                                  "...another five years of endemic corruption, systematic malaise of government institutions and financial mismanagement of our nation wealth. And that is a possibility whether BN or Pakatan forms government! So help me God!"

                                  Mr. CT Ali, you have been too quick to lump PR with the misdeeds of BN. Please supply the evidence before making such baseless comparisons.
                                  • Lynn Cheang ·  Top Commenter · Kuching, Malaysia
                                    First thing Anwar can do is name the constituency that Tan Sri Khalid is contesting in Selangor and confirm that he will continue to be the Mentri Besar should PR retain Selangor. What's the point of praising him for good work done but leaving out the said crucial information. Once and for all, put to rest the murmuring that Azmin Ali have you under his thumb.
                                    • Alex Gwee ·  Top Commenter · Heriot-Watt University
                                      Yes, Najib and Anwar must face the firing line and explain their policies ala the US Presidential-styled where Obama was criticised on National TV by Romney...Najis, please don't hide and say everything is good and dandy when you and your Fatmah have your grubby hands in the candy pot!
                                      • Wiz View ·  Top Commenter · Acs kl
                                        Is this short & sweet note directed & sent to the office of to our potential PM? How do we know whether Mr Anwar even reads this?
                                        I know for a fact UMNO/BN never read the Annual Audit Report , no matter how thick or thin.
                                        • Jc Soon ·  Top Commenter · Muar, Johor, Malaysia
                                          DSAI, its time to do things differently. Announce who will be the MB/CM and what are their manifestoes and how they will run their business and their KPI. This apply to your shadow cabinet. Give us something to secure the trust in you.
                                          • Goh EC
                                            You are our hope. Please select reliable and trustworthy candidates in GE 13. Thanks
                                            • Atlawrian Que Yo Conozco ·  Top Commenter
                                              Mr. CT Ali your concerns are noble and from the contents...it is indeed a tall order. 55 years of abuse and the entrenched mentality couple with the practise by those in government and now only thinks it is their right to abuse and cheat the rakyat....sad it may be...but that's how it is now and has been for 55 years....to the crooks...it is as of right. Yes we share your concern...because there is a possibility of froggies.snakes..betrayal, unsatisfied appetite,...yes, money is important but not every thing and nothing can be done without it.... see how great political icons like Mahatma Gandhi, nelson Mandela gets it done..one was in jail and the other is down to earth , but is it really that's all, and I like to think..all attempts to deal with peoples' problem is by the understanding of the people themselves... these icons only believes and practices the egalitarian principles at heart and the utilitarianism that people know....but can a PR government do it......and are we even getting there....is DSAI getting the support? is there harmony in PR....we need to support them. because we know nothing bad can come out of continue oppression by the ruling government...good can only come out.