GLCs TO ENGAGE NON-BUMIS AS SENIOR MANAGEMENT

Non-Bumi CEO-fish

NOH MOHAMED YAKCOB GRILLING THE OVERSEAS NON-BUMI FISH FOR DINNER TO PROVE A POINT OF CONTENTION

As I was reading the newspaper today, I came across this advertisement by Petronas which depicts a BIG-FISH tied to the trees, waiting to be grilled and eaten.

The next thing that cross my mind is - "Doesn't his picture relates to the "good" gesture by our Second Finance Minister pertaining to the offer & selection of oversea non-Bumi Malaysians for some post in GLCs?"

However hard we non-Bumis try to believe the goodwill from the Mamak, it stinks.

First and foremost, the way the offer was made by the Minister, it depicts that the Government is owned by the Bumis (only) and the consideration by the Bumi Minister for some non-Bumis to be part of the GLCs' management are golden opportunities for non-Bumis to earned a good-salary and a rare opportunity to be part of the system - that is, we have NO rights to be there unless otherwise given!

The way Noh Yakcob had depicted, smells RATs and SKUNKS! He further relates the offer to organization that is owned by non-Bumis and said that "NON-BUMI companies should not give token to Bumis for senior management employment. It sounds as if, "if you don't employ more Bumis, we (the Government) will not employ non-Bumis." WHO OWNS THE GOVERNMENT? "ARE WE NOT ALL MALAYSIANS, MR. MAMAK?"

IS THAT THE WAY THE GOVERNMENT TIE THE FISH TO THE TREES FOR DINNER?

As Malaysian citizens, irrespective of race and religion, all our rights are enshrined in the constitution; that is, the Government, (for the very reason they were elected), do have an obligation to see to it that competent Malaysians of all races are included in management system, and that they are also provided with equal employment opportunities (at least within the quota system) within the Governmental system, and the Bumis have certain privilege as provided for, to assist them (and only to assist, NOT taken for granted as a special priority) to enhance their economic status, which all of us non-Bumis are not against - it is good for the Nation.

We did not seek the quota system; we prefer the meritocracy system; but not bullshit meritocracy system - to lie to all Malaysians that you Ministers believes in meritocracy. Even if all the Bumis are selected to position of management of GLCs based on true meritocracy, I believe, we all are happy.

Having competent Bumis to manage the GLCs which will ensure good governance and an ability to increase shareholders' wealth (i.e. the Government will earned good profit to pay for our national development), we Non-Bumis will be extremely proud of them.

But look at most of the GLCs at the present state - they survive due to the Government's protectionist policy and non-competitive policies, and they compete against fello Malaysians; not foreigners. Examples are Proton, SEDCs, Telekom, TNB, Govt. Printers, etc.

Proton cars are selling because of the extremely high duties and taxes IMPOSED on foreign cars. Try lift those taxes, and let's see PROTON'S competitiveness? Telekom Malaysia survives largely on income from monopolistic fixed-lines telephony and a strong-barrier of entry for foreign competitors. TNB is totally monopolistic. Care to make a competitive analysis on other GLCs, dear Minister?

The North-South Highway was awarded to PLUS on a Privatization Basis - BUILD, OPERATE & TRANSFER (BOT) and included those portion of works that had already being completed and paid by Malaysian Highway Authority (MHA) - which is the Government itself. PLUS collects toll for all, without paying for the expenses for constructing hundreds of kilometers of roads - SIAPA TAK-BOLEH UNTUNG?; who cannot make money in this way?????

And now, PLUS is proposing to the Government to pay for the proposed reconstruction of the Jelapang Toll & Ipoh Selatan Toll which, the submitted estimated cost was $240 million of which, the cabinet has agreed to pay $120 million; i.e. PLUS will foot half the bill. Is it true that it will cost $240 million or if an independent estimate is made, we may find that $120 million is far too good a price? (see: NSTP 15th. June 2004 article) Take the example of the Double-track railway which was estimated to cost $42 billion till Gamuda-MMC countered offer at $14.4 billion. Is this competency? Is this meritocracy or mediocrity? Are we non-competitive and incompetent to be competitive? All this questions can be answered - IT IS FAIT ACCOMPLI & AFORTIORI!!!!!!!

Samy Vellu said that it is expensive for the Government to lower toll rates as the Government will have to pay compensation to the concessionaires to reduce the toll rate that was agreed as per the contract. In the first place, did Samy ever consider the extreme high cost estimates submitted by the concessionaires when approving the privatization deal? Most concessionaires submit fictitious extreme high costs of construction and financing of the privatized deal and hookwink the Minister into accepting a proposed high toll rates during negotiation and acceptance. After that, they will later negotiate with the Government to reduce the toll rate and get lump sum cash compensation from the Government to subsidize their pockets; which actually is "BUTA" profit! The financing as estimated was based on foreign fundings but when they get the privatization deal, they lobbied the Government to get EPF to finance them at a much lower rates, without reciprocal reduction in their contract sum. THIS IS OUTRIGHT ROBBERY AND ONLY FOOLS CAN'T SEE THOSE CHEATERS. And you can see why EPF can only pay 5% dividend. Example of such organization who got privatized projects and seeking EPF fundings are Bakun and SMART Tunnel project, (plus YTL power-plant project many years ago). There are many more!