Thursday, September 13, 2007

All in one boat

by Independant Daily


All these writings about scandals makes think of one thing. It is, i think, by now quite obvious that the PM does not have much power to stop these corruption practises. Mahathir has already acknowledge that he is grabbing his own balls now for chosing an incompetent person to continue his legacy.

Its like my work now. My company's top guy left. The Board of Directors have yet to bring in another person to replace him. I thought... hmmm.. maybe i could have a chance here. Maybe. But even if i get the chance now i may have to think otherwise because i might end up like the PM himself.

I suppose its not his fault that he is incompetent. I mean, admit it, if you were given a job to lead a multi-national company, you'd jump at it at first chance. Getting it done right or not is a different question cause you'd have nothing to lose.

So, as the opportunity came from a local school graduate with no economics educational background it is no surprise that he has absolutely no idea on what the budget is all about. What is surprising though, having nothing but a Islamic studies degree, he is still clinging on to the Finance Minister position.

So, he took to his arms and promised the country what they wanted to hear, to eradicate corruption, to empower the anti-corruption agencies and making it easier for the public to reveal corrupt practices to the authorities.

It was exactly what the people need to hear. Finally, a 'clean' PM to lead a 'clean' government to achieve the Vision 2020. The arrest of several public figures including the likes of Eric Chia and Isa Abdul Samad further boost his popularity and in the 2004 election, he delivered a stunning victory winning 198 out of 220 parlimentary seats and claiming back Terengganu from PAS.

There was light at the end of the tunnel.

However, things have taken a turn in recent months if not years. Racial harmony is at an all time low. More and more scandals have emerged costing the government billions of ringgit. Imagine what we could have achieve if these monies were directed to the public for funding of innovations and aspriring entrepeneurs. But alas, it isn't to be.

As the government continue to squandrel away billions of ringgit and our most valuable Oil depleting quick, we need to ensure that something is to be done. Malaysia Today is preparing a petition to the agong here and i have signed.

What you, as the Citizen of the country can also do is to Vote for what you think is the best for the country. Is this what's best for the country?

This scandal is definately underrated

by Independant Daily


As the country of late is ridled by scandal after scandal it is quite interesting to see the reaction of the public to the latest scandal that has went almost unmentioned.

I mentioned this in one of my earlier blogs: Auditor General: RM1.4b for patrol vessels unjustified. In fact, when i saw it i felt well, RM1.4b is nothing compared to the PKFZ scandal but if you look close enough it actually is equally bad.

From Malaysia Today, i understand the true devastation this scandal is. Let me break it up for you but you should also see the story from Malaysia Today.

The original contract price, RM5.35 billion for 6 patrol vassel for the Royal Malaysian Navy. Meant to be delivered starting from March 2004 over a period of 3 years ending April 2007.

The current situation, 2 vessels delivered with 44 incompleted items (Its like a buying a car that moves but with 44 things like radio, speedometer, fuel meter, seat belt, etc, etc not fitted in or not working la) with a total paid sum of RM4.26 billion.

What has happened? Another fruther total of RM1.4 billion is approved for Penang Shipbuilding & Construction Sdn Bhd-Naval Dockyard Sdn Bhd, the company contracted to built these vassels, have been approved by the government. The remaining 4 vessels are between 18.5% and 55.9% completion.

Penang Shipbuilding & Construction Sdn Bhd-Naval Dockyard Sdn Bhd is owned by Amin Shah Omar Shah a once UMNO guy.

Assuming an all time low of 1% bank interest per annum for RM6.75 billion for 10 years, we would have lost an additional RM675 million. Adding that to the RM6.75 billion, these 6 vessels would cost approximately RM1.2 billion each, inflated from an average cost of RM800 million each which i think was already inflated to begin with.

There you go Malaysians, this is what you pay taxes for. RM1.2billion for a fishing boat that doesn't even work properly.