KUALA LUMPUR, July 30 — Prime Minister Tun Dr Mahathir told Parliament today that his Pakatan Harapan government will be reviewing the policy on car imports to protect local production when it rolls out the next national car project.
Not 'if' but when it rolls out the next national car project.
Mahathir has totally ignored Malaysian's repugnance at the very thought of another new national car project, not after the wasteful Proton disaster.
He is intent on his obsession and fCk you gullible guppies. What can you do?
What will be the next colossal Maddy-Project after the man-made island next to Pedra Branca has been develop, I suspect, to kacau the Sings.
A new national Crooked Bridge? Again, to kacau the Sings?
Wakakakakakaakkaka.
ReplyDeleteIt's a sign to all those car APs holders that the days of easy monies granted to special cronies by the previous BN regime is coming to an end.
And also, those who can afford foreign and imported cars will pay the tax straight to the Govt. coffers without any priviledged middlemen.
Next should be those imported high end Motocycles, yatchs, aeroplanes etc.
Wakakaaakkakakaakkakka
remnants of the Proton Empire but don't dismiss what Maddy started in the 1st place - he may wish to "extend" their existence as he has for JAKIM and BTN
DeleteStatistical & actuarial studies indicate mamak IS unlikely to last for 5 more yrs!
DeleteSo, is that the 'extension' of his reign u r talking about?
Oooop… tambah his selected heirs lah, perhaps u like to emphasize this favourite of yrs to complete yr mamak bashing!
Then, again, u treat all those of his equals within the PH component parties as his pet chipmunks.
Better rethink the storyboard together with yr sifu.
All of u r showing signs of desperado - thus just simply jerking out yr daily contractual trashes w/o thinking & proper coordination!
so?
DeleteYet another “Red File” uncovered by our Master Sleuth aka Hound-dog in MOF, 2.7B this one, enough to build Proton-Geely another car factory for the 3rd and even 4th National Car.
ReplyDeleteQUOTE:
‘China company paid 1MDB RM2.7b for nothing in return'
30 Jul 2018, 2:00 pm (Updated 30 Jul 2018, 3:47 pm)
On Aug 24 last year, China-based Silk Road Southeast Asia Real Estate Ltd (Silk Road) paid 1MDB 4.25 billion yuan (RM2.7 billion), ostensibly to purchase the state-owned fund's 234 acres of land in Ayer Itam, Penang.
But the Penang government had imposed a freeze on the land held under 1MDB subsidiary MyCity Ventures Sdn Bhd, which made it impossible to transfer the land titles to the buyer.
Strangely, Silk Road was quite happy to fork out the billions without getting the land, according to a parliamentary written reply by Finance Minister Lim Guan Eng to Bukit Bendera MP Wong Hon Wai.
The Edge Financial Daily reported that it is now suspected this transaction was used as a front to launder a China Exim Bank loan intended for the RM9.4 billion pipeline project under Suria Strategic Energy Resources Sdn Bhd (SSER) to pay off 1MDB's debts.
It was previously reported that SSER had paid the pipeline contractor China Petroleum Pipeline Bureau, a Chinese state-owned company, US$2 billion (RM8.13 billion) or 88 percent of the project value, even though less than 15 percent of the work had been completed.
"The money is suspected to have originated from the project's financing via China Exim Bank before travelling to the Middle East, and returning to Malaysia where it was transacted for the land, and later used to service the US$3.5 billion International Petroleum Investment Company (IPIC) loan," the report said.
For context, the Aug 24 transaction for 1MDB's land last year took place just six days before 1MDB paid the first tranche of a US$1.2 billion settlement with IPIC.
The settlement payment was to have taken place on July 31 but 1MDB had requested for a one-month extension.
At that time then prime minister Najib Abdul Razak told Parliament that the delay was due to a "technicality" and not because 1MDB could not fork out the sum.
Quoting a source familiar with the matter, The Edge Financial Daily said the Ayer Itam land sale reeked of money laundering.
"Why would you throw so much money and not ask for the transfer of titles? The obvious answer is money laundering.
"The Chinese company (Silk Road) did not care about the land because it was not their money anyway. There is no money trail evidence in China but it is quite obvious," the source was quoted as saying.
The source was also quoted as saying that Silk Road did ask for the transfer of titles some time back, but did not bother following up on it.
It was previously reported that the land was very difficult to develop due to many encumbrances.
The report said there are some 1,200 to 1,400 ground tenants have occupied the land for more than 50 years.
"Moving them out would be a very expensive and long-drawn affair, it said.
UNQUOTE
The two most important trends in the Auto Industry's future are
ReplyDeletea) Electric Cars , together with the transition Hybrid technology.
b) Self-Driving cars , with its foundation in Artificial Intelligence, as well as sophisticated sensor arrays.
These are major investments, which Malaysia has no current footprint, and if they go back to Ketuanan mentality, will Never have any hope of success.
The notorious Proton Window Problem was the outcome of an "untouchable" supplier.....
Is Mahathir willing to do whatever it takes to make his National Car idea a commercial success or still stuck in Patronage distribution mode ? That will be a recipe for guaranteed failure.
M has always been obsessed with a national car, to the detriment of everybody. Hopefully when Anwar takes over he'll put this to permanent rest.
ReplyDeleteAnd Rosmah has always been obssessed with bling2 and kaytee has been cheebyely quiet about it.....hehehe
DeleteHaving said that I don't really agree of having national car unless Malaysia has mastered the technology of developing car engine......hahahahaha