Friday, August 24, 2018

Dr M, Pak Lah and Petronas: The thing that really matters ...

Three men and a country


Friday 24/8/2018: That Abdullah Ahmad Badawi, who succeeded Dr Mahathir Mohamad as Prime Minister in 2003 and Petronas advisor in 2016 [Mahathir sacked ...], would again fall victim to their bitter political adversary was expected, even if totally unfair. And if some people think it's all about sweet revenge, they can't be faulted: the Old Man made sure that the non-renewal notice to Pak Lah with regards to his position at the national oil corporation was served on the coldest platter.

“He is going to be retired because we don’t need an adviser anyway.
“I was adviser for a long time, but of course when I was adviser, I knew a little about the business and so I gave advice.
“But advisors sometimes don’t give advice, so I think we would be wasting money if we just paid as a way to give some money to people,” the prime minister told TMR,

Vintage Mahathir. He wasn't going to allow Pak Lah to step down gracefully when his term ends.

But revenge and rivalry aside, the PM made this important point to the newspaper: there was no need for an advisory role at the national oil firm as the company had been performing well:

Dr Mahathir noted:
“Petronas is actually rated by investors as a very well-run company. That is because the people there are ... well, we don’t see any signs of stealing money and all that.

“They do pay better salaries but overall, their performance is recognised by the market as a company that is well-run. That is why it is the only company in Malaysia which is on the Fortune 500 list.
“We cannot really blame Petronas. Surely, its president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin is there. Who appoints him is not relevant if he performs.”
 

I think that is what matters. To know that the national oil corporation has been performing well, no matter who the PM or the advisor was. Certain individuals in this new Pakatan Harapan government have been harping on all kinds of crap - a lot of it mere accusations - about the past in an effort to make the previous government look bad. It's time to give credit where it's due as the Old Man is doing.

And move on, make things even better for all of us, as you've said you could.


Read also
Petronas first quarter profit up 26%
FY18 volume expected to grown for Petronas Dagangan

Wednesday, August 08, 2018

Washing dirty laundry

Najib faces 3 charges under the Anti Money Laundering Act 

KL 8/8/18: Surprised no one that instead of being charged with stealing billions from 1MDB, which was the issue his political foes had used successfully to bring him down at the May 9 polls, former Prime Minister Najib Razak has been charged with something else altogether this morning. But Najib should still count his blessings. Two decades earlier, he could have been charged with sodomy.

Friday, July 27, 2018

Of Dr Mahathir's totally corrupt Cabinet


Abdullah notched the biggest GE victory ever (in 2004) partly
because Malaysians believed he would clean up after Mahathir


27/7 2018: Having sacked thousands of so-called political appointees in the public sector, including heads of government-linked companies, Prime Minister Mahathir Mohamad said he "inherited a government lousy with corruption and with few trustworthy officials". He announced to the world: "Most of the top echelons in the government are corrupt". Those fellas at the CNN may find this a brutally frank and, perhaps, refreshing, admission from the leader of a Third World country. But we have heard this before. Quite often, too, especially towards the end of Dr M's original tenure as PM (1981-2003).

Once, when asked why he chose to retain some blatantly corrupt politicians as his Ministers, Mahathir quipped: "If I were to take action against them for corruption, I won't have a Cabinet left!"

We never failed to laugh at his witty response. It is funny, isn't it?

Thursday, July 26, 2018

Praying for the blues, this Sunday



Message from the organisers:
"It hasn't been a good year for Blues fans as two co-founders of the Blues Gang suffered misfortunes. Jim passed on and we believe his soul is resting in peace in Heaven. Shaik Karim, is out with dialysis treatment.These two great musicians formed the rhythm of Blues Gang. Karim is also gifted with true blues vocals. We are sure that these two will be like a fish in a pond if asked to perform with any Blues Band in the world. "July 29 2018 is a Fund- Raising Night for Karim. Zzz Blues is urging all Blues fans to congregate at Rock Bottom from 5.30pm till late to help raise funds for Karim’s treatment."He has entertained many of us so let’s chip in for a good cause. See you on July 29 at Rock Bottom Bangsar. Thank you."

Wednesday, July 25, 2018

Did you, Zeti?




The above is not a fake posting from a fake account. Saiful Bahari Baharom is a real person, a graduate of Cornell, and quite a well-known figure in Malaysia's financial and political spheres. He was the one who told us about Mahathir's £65 million bank account in April, an accusation that the 93-year old Prime Minister has not commented on, as far as I know. If the 56 billion pound expose was sterling, we should find SSB's July 23 posting on how Zeti had allegedly lobbied for a project when she was the Bank Negara governor even more sensational.

Because Zeti is a member of Mahathir's Council of Eminent Persons, alongside the likes of Daim Zainuddin and Robert Kuok. Although the CEP has come under growing criticism and suspicion (read stories below) it remains influential. She is also the new Chairman of PNB, which had some RM279 billion in funds just before the May 9 general election which catapulted Zeti back into the national scene after a rather hurried and and unceremonious departure toward the tail end of Najib Razak's premiership.

Now, if Saiful Bahari Baharom is telling the truth about Zeti's lobbying and threats relating to a project for a company belonging to her family, she should not be where she is today, lording over our Malaysia Baharu. Okay, maybe she can still be on the CEP but certainly for the PNB we must demand a Chairman whiter than the white Abdul Wahid Omar.

Zeti must respond to the allegation to clear her name and, more importantly, to safeguard PNB's integrity. The Malaysian Anti-Corruption Commission (MACC) should move in, otherwise.


Read also, on Zeti's CEP:
Where was Wisma Putra during Daim's Beijing meets? 
Govt not bound by CEP's decisions
CEP should be disbanded: KJ