June 06, 2010

Bung Mokhtar Wakes Up!


Yes, you got it finally, Bung Mokhtar!

So old is not gold,so get rid of them. If they were so-called 'competent' in days of yore for reasons best known to only their bosses or else 'nepoted' due to sheer favouritism and feudalistic loyalties , their capability or lack of it has finally showed up  in the the lane of Peter Principle.

Yes,Bung, you have finally separated the wheat from the chaff.

Question the PM, lest these Chairmen and directors all get away with not even a slap on the wrist after consuming fat allowances. Get rid of these 'dead-woods" for the sake of Khazanah, PNB and the nation!

This is one aspect Malaysia Boleh can be demonstrated positively!

Next, will he get a chance to do so given his gungo and gusto?

The issue before him is clear to see.

Hopefully these losses posted by such large GLCs will check Putrajaya to stop the practice of putting retired civil servants in those companies.

The move by concerned Parliamentarians to bring this issue to the august house comes in the wake of massive losses faced by POS Malaysia Berhad and Sime Darby Bhd, the government linked companies (GLC) mainly owned by asset managers Khazanah Nasional Berhad and Permodalan Nasional Berhad respectively.

“I will personally raise this issue. I feel the government should not appoint retired senior civil servants if they are not committed or unable to carry out their tasks,” BN Back Benchers Club (BNBBC) deputy chairman  Bung Moktar  told a local on-line daily today.

The  BNBBC will also ask Prime Minister Najib Razak to explain the losses in both companies which have totalled between RM200 million and RM1.6 billion, as he is also the Finance Minister.

Among members of the board in Sime Darby include former deputy prime minister  Musa Hitam, former chief secretaries Ahmad Sarji Abdul Hamid and Samsudin Osman and former Education director-general Wan Mohd Zahid Mohd Noordin.

The board in Pos Malayisa include Aseh Che Mat and  Nazariah Mohd Khalid.

Bung Moktar said he believe the lack of commitment by members of the board in both GLCs caused the financial losses.

Bung Moktar said he would also urge the Najib administration to revise the appointment criteria to the board of directors at GLCs.

On Thursday, the government will table the 10th Malaysia Plan while the New Economic Model is expected to be debated.

Financial losses in the GLCs rocked the country’s share market when it was revealed recently.

Last week, Parliament’s Public Accounts Committee announced they would haul up the management of both companies  to explain the losses.

Sime Darby reportedly suffered losses amounting to more than RM1.7 billion.

Its chief executive officer Ahmad Zubir Murshid, whose contract was to end in November, has been asked to go on leave.

Last month Deputy Finance Minister Awang Adek Hussein told Parliament that POS Malaysia has incurred losses over past three years amounting to RM227 million.

Let us see whether the BN government will resolve this matter  to the betterment of all concerned Malaysians.

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