Samy & The Najem Bridge Project

Dear Samy,

That man, Najem, is talking about funding the new second bridge in Penang which you had recently announced. The old bridge is only RM800 million. The new one will cost RM2 billion. But the concessionaires is going to borrow USD2 billion (RM7.6 billion). I don't know why they need the extra RM5.6 billion borrowing as announced by Najem. But it seems the lender is so gratuitious, so borrowers were salivering profusely. Some even are prepared to sacrifice their young daughter in expectation of some spill over effect. At such, the corporate baron asked: why not borrow as much as possible so that each stakeholder/shareholder can have a billion to spent for the Hari Raya.

Unfortunately, it looks like they are borrowing from the castle owner in mid-heaven (tak boleh sampai). Worse off, they could have spent RM200 million for consulting fees, agent fees, under-table and on-top of table, and premiums for banker's guarantee issued.

"Big diamond frogs don't jump about on the Chow Kit street", the saying goes ... those who dream to be billionaires must start their business from one dollar that makes ten cents (please read 'The Richest Man in Babylon by George S. Clason), and let the business grow from there, a cent a day/minute/second.

You don't wait for the durian to fall by sleeping under the durian tree and praying, because if that durian fall, it might fall on your head and you end up with a broken head and a broken durian that is not eatable.