The ministry name speaks a thousand meanings. The ministry is Science, Technology & Innovation (STI) and the minister is leading by example. Yesterday, Dr. Jamaludin Mohd Jarjis, the STI minister announced that the ministry is leading efforts to
Dr Jamaludin said the IPs will be acquired via GLCs (government-linked companies). “We will initiate the move to acquire the IPs through GLCs but will EVENTUALLY hand over the RESPONSIBILITY to the private sector as they know best the needs of the market,” Dr Jamaludin said.
“Besides the acquisition of IPs which is the fastest method to develop the biotechnology sector, Malaysia will in the same time plan to have its own research and development (R&D) activities to produce its products.
Dr Jamaludin really had the
What does he see? Oh, he see that Pak Lah has no more mega projects for the construction and utility industry and Pak Lah is passionate for
What else does he see? Oh, he see the government has no money; only Petronas, PNB, Tabung Haji, and Khazanah has the money. So, he target these acquisition through GLCs.
That's great, isn't it? Oh ya, and he says, the responsibility of nursing the babies success would eventually be delegated to private sector so that the GLCs can wash their hands from those IPs that will eventually transformed into shits because we don't have the market capitalization and global network, and most of all, we don't have the competencies of international product/service management. But how and to who do we delegate? Oh, don't worry; we have a system called PRIVATISATION, APs, NEPs, MA, and subsidies. It has worked in the past, and it should work now.
But, if we get GLCs to buy those IPs, why can't they nurture it and make it commercially viable and profitable? Oh, cannot; like that you cannot get undertable and over-the-table pecuniary advantages. Like that, politician cannot cari makan; you damn stupid!!!!!
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