FMT - Private firms such as SilTerra to fund 3rd national car, says Mahathir (extracts):
KUALA LUMPUR: Private entities, such as SilTerra Malaysia Sdn Bhd, will fund the third national car project, Dr Mahathir Mohamad said today.
“We welcome the willingness by private entities such as SilTerra to lend their expertise in the new national car project.
“SilTerra is Khazanah’s sister company and it is capable of producing car components following its vast experience in making semiconductor chips for various industries for more than two decades,” he said.
Malaysiakini reported Mahathir as saying this in a parliamentary reply to Senator Chai Kim Sen, who asked whether the RM20 million grant for the project was to help GLCs such as SilTerra, which had recorded cumulative losses of RM7.3 billion for 10 years up to 2011.
Mafulat. I knew this would eff-ing happen.
Private enterprise my blardy foot. What a eff-ing blardy lie.
FB matey Rama Murthi asked succinctly (edited for typos, etc):
WTF is this? SilTerra is subsidiary of Khazanah ... ok fine so far. BUT then Khazanah is a subsidiary of
ALL THE PEOPLE OF MALAYSIA ... So how the fark does SilTerra become a private enitity?
WTF is this? SilTerra is subsidiary of Khazanah ... ok fine so far. BUT then Khazanah is a subsidiary of
ALL THE PEOPLE OF MALAYSIA ... So how the fark does SilTerra become a private enitity?
And especially since according to the senator this "PRIVATE" entity has been recording LOSSES.
Come on lah, stop playing around with words.
STOP USING PUBLIC FUNDS FOR PRIVATE EGO ...
MANY OTHERS HAVE DIED ... WITHOUT ACHIEVING THEIR DREAMS... AND SOME HAVE ACHIEVED
THEIR DREAMS ... BUT USING THEIR GRAND FATHERS MONEY... NOT THE PUBLIC FUNDS.
MANY OTHERS HAVE DIED ... WITHOUT ACHIEVING THEIR DREAMS... AND SOME HAVE ACHIEVED
THEIR DREAMS ... BUT USING THEIR GRAND FATHERS MONEY... NOT THE PUBLIC FUNDS.
Who in the private sector would want to follow the fatal route of his Proton? Again he is resorting to our money to fulfil his obsession. Why doesn't he ask for some money from his billionaire sons? After all, Mokhzani loves cars, mind you, very very expensive ones.
You guppies voted for him - so speak up loud and clear on this BS-private enterprise financing Mahathir's Car No 3..
As for Finance Minister Lim Guan Eng, aiyoyo, I have lost hope in him. He wouldn't have the guts to tell Mahathir off on this mafulat bullshit.
And as for his Boe Hood Tok-Ayam father, does anyone believe he dares to speak out against Mahathir's frightening obsession on Car No 3? And what about the DAP?
Podah lah Lim Kit Siang!
Toonsie simply cannot tahan Proton is now going great guns under Chinese management, and it was Jibby who made that (correct) decision to sell 49.9% of Proton to Geely.
ReplyDeleteToonsie's hatred for Jibby is only matched by.....well....Jibby's hatred for Toonsie....ha ha ha.
Soon Dyson's car factory in Singapore will enrage Toonsie even more...cannot tahan....must retaliate....somehow....
Yes Silterra's money is Khazanah's money and Khazanah's money is taxpayer's money and I assume KT is a concerned Malaysian taxpayer. Or maybe he is just a concerned observer.
But why this consternation over Khazanah money to be siphoned off (not yet mind you) but no anger shown when it is now undisputed in court that Jibby "approved" 4B of pensioner's KWAP money to be withdrawn and mis-used for all kinds of purchases or the 1MDB money that vanished when under Jibby's watch as Advisor with sole authority to approve investments?
Not a whimper about the BILLIONS we have already lost but much anger about what hasn't happened yet.
"But why this consternation over Khazanah money to be siphoned off (not yet mind you) but no anger shown when it is now undisputed in court that Jibby "approved" 4B of pensioner's KWAP money to be withdrawn and mis-used for all kinds of purchases or the 1MDB money that vanished when under Jibby's watch as Advisor with sole authority to approve investments?"
DeleteMaybe same reason why "Finance Minister Lim Guan Eng, aiyoyo, wouldn't have the guts to tell Mahathir off on this mafulat bullshit" Wakakakaka ............
Khazanah under Good Boy Azmin. Entrepreneur Flying Car Minister chipped in only a few million from his own ministry's budget, that's why we got the KDK Barbie Doll and Ken prototype. Poor Toonsie won't get anything from Finance Ministry with Guanee in charge...he hasn't given a sen to Toonsie for the car project yet...
DeleteI am not automatically against government investment in emerging technologies.
ReplyDelete40 years ago, the Internet was a US Government Advance Research Project called ARPANET, sponsored by DARPA. It was a cost, no money to be made, but it was the best research and development expenditure the US Government ever made. Today, the amount of worldwide economic activity linked to the Internet amounts to Trillions of dollars.
What is important is accountability, clear objectives, and absolute Meritocracy - Malaysia can win when it selects the Best and the Brightest, regardless of skin colour.
If this becomes just another Melayu project, like Proton and Silterra during Mahathir 1.0 days, I can 100% guarantee the project will fail.
i think msian dun have the competitiveness to make car as of now. not a matter of merit.
Delete