"We must allow the free flow of top brains from around the globe if Iskandar is to take off in a big way. We must welcome top foreign professionals, business managers and industry experts with minimum red tape..."- Datuk Seri Abdullah Ahmad Badawi
The Star Report here
Iskandar’s progress would hinge on foreign investments brought in by a superlative package of incentives.
"It has to succeed on its own steam and ability through efficient performance, integrity and good governance. If it can do that, then there is very high potential for Iskandar to be successful."
That's the vision of Pak Lah. I fully agree with him, for success requires all those ingredients mention and known to all.
"It has to succeed on its own steam and ability through efficient performance, integrity and good governance. If it can do that, then there is very high potential for Iskandar to be successful."
That's the vision of Pak Lah. I fully agree with him, for success requires all those ingredients mention and known to all.
However, a new Dilemma will persist.The Bumi equity will further shrink and the NEP will contract. The govt of UMNO leaders had always cried that the 30% could not be achieve because Others had swallowed the stakes. Even when Khairy Jamaluddin sold his stakes in ECM-Libra, he stoutly claimed that he could have sold it at a higher price and make some profit but instead, in order to preserve Bumi's stake, he would sell it to another Bumi only. What a great sacrifice of a Bumi hero.
But, Nusajaya's vision and mission, if it is to follow the goals and objective as laid out by Pak Lah, then most of the people who would acquire properties and assets that belongs to the Bumis and at such would further reduce the percentum of holdings that belongs to the Bumis. We must not forget the cry by Johor Mentri Besar, that, there was already an uneven level playing field. The fact that the panel constituted consists of 2 Chinese and 1 Indian with only 2 Malays of a total of 5 would mean that the panel is only 40% Bumi control; that way, what would happen if the panel proposed further dilution of Bumi's stake? Would there be another rhetorical outcry or far worse, an anarchy?
I do not know why Pak Lah would appoint non-Bumi to the panel as it's against the objective of UMNO and his son-in-law's ideology and philosophy of keeping the assets and properties and profits within UMNO and it's members. Since Nusajaya is such a big project, constituting a non-Bumi majority panel is unwise and allowing a free flow of top brains will be disastrous to UMNO.
What would be the outcome, it is not unknown-unknown but known-unknown. Hypothetically, there will be major issues whether Nusajaya succeed or fail. If it succeed, that the Bumi-ownership and control will be the next dilemma as the blame for dilution will rest with the advisory panel. If it fail, then the advisory panel will have to take the blame and a new panel will be reconstructed with a new vision and mission by the next leader-in-charge.
But, Nusajaya's vision and mission, if it is to follow the goals and objective as laid out by Pak Lah, then most of the people who would acquire properties and assets that belongs to the Bumis and at such would further reduce the percentum of holdings that belongs to the Bumis. We must not forget the cry by Johor Mentri Besar, that, there was already an uneven level playing field. The fact that the panel constituted consists of 2 Chinese and 1 Indian with only 2 Malays of a total of 5 would mean that the panel is only 40% Bumi control; that way, what would happen if the panel proposed further dilution of Bumi's stake? Would there be another rhetorical outcry or far worse, an anarchy?
I do not know why Pak Lah would appoint non-Bumi to the panel as it's against the objective of UMNO and his son-in-law's ideology and philosophy of keeping the assets and properties and profits within UMNO and it's members. Since Nusajaya is such a big project, constituting a non-Bumi majority panel is unwise and allowing a free flow of top brains will be disastrous to UMNO.
What would be the outcome, it is not unknown-unknown but known-unknown. Hypothetically, there will be major issues whether Nusajaya succeed or fail. If it succeed, that the Bumi-ownership and control will be the next dilemma as the blame for dilution will rest with the advisory panel. If it fail, then the advisory panel will have to take the blame and a new panel will be reconstructed with a new vision and mission by the next leader-in-charge.
4 comments:
Maverick
Another Talk Cock Leader talking barking Cock. He knows that the project will somehow fail, wont be in long term.
After the calamity flood, no way smart wise investors going to invest in that low life low mindset and low security state.
Some Bumis wants their easy 30% share upfront from foreign investors before these brainers touch down at Iskandariah place. That will create pariah perception over the Bumis, the State Leadership, the rakyat etc.
The Dumb of Bumis will be appointed Chairman and Directors, and take aways 30% of Annual Operating Expenses... Three years down the road, this foreign company will close shop and lay-off workers to Thailand and Indonesia.
Same old crap happening over and over again, from north state to Johor...
Pity the Johoreans to succumb the nonsense inflated by the Top Leadership.
hi mave :D
hope u r having a great weekend.
n erm, tks for the promotion up your link list~~:D
anyway, re Nusanjaya or whatever they are gonna call it, i am just gonna call it 'Mainland Singapore' :D
i believe Pak Lah looks like he is aware of the situation of govt needs rev, country needs to become more competitive, UMNO sharks need to be fed, and we may need to learn from spore....
so i would say give this project a chance.
although "allowing a free flow of top brains will be disastrous to UMNO", they have to face this soon or the whole country will go down.
Anti-Star said,
Their main target is trying to attract the Singaporeans to the southern hardscrabble land.
The NEP hard line promoters are spreading malodorous image among themselves when they asked for 30% up front equity stake.
The exposure of their intention and strategy did not benefit much to the hoi polloi.
What PM and his cronies are doing now is to secure their apogee realms when rolling out the federal budget.
what a great sacrfice by the son-in-law. I am really touch, man. but i thought that sounds familiar. remember konsortium logistik?
these guys are great singers. different tune for each occasion. you can fool people once but you cant fool them all the time.
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