On the subjection of misuse of funds, here's a clip I came across. Data provided seemed credible and I believe the author has done some extensive research. The author says read with a clear mind and open heart. https://www.youtube.com/watch?v=OtESPt6xCYc
Surely by now the gomen knows that very high overheads i.e. high renumerations, salaries, perks are reasons why our glc's are failing. Plus the fact that directors are paid by companies means they are beholden to the bosses. Certain number of Directors in glc's should be paid by finance ministry and answerable to finance minister Otherwuse this problem of mismanagement will persist.
Having said that, our gomen too runs on same principal. High overheads and zero ombudsman. Like when anwar announced a million quran will be printed to be dustributed in europe yo vounter islamophobia. Nobody even raise a voice in protest to such a wasteful effort.
Just for comparison, our PM gets more pay and benefits than that of…
KL is the best managed plantation company in Malaysia and being KLSE listed is automatically 30% Bumi owned if not 50% considering PNB/EPF/KWAP etc etc So what if LTAT divest it since they are incapable of managing any businesses efficiently.
cost of managing plantation by klk is way lower than any of our glc's. They pay their subcontractors and suppliers lower but get same result. They should be commended and rewarded. Boustead plantation, like all of ltat and tabung haji owned companies are badly run but managers are highly paid. Subcontractors get higher contracts but requires higher entertainment fees too compared to klk.
Based on historical data, even airforce chief suleiman sujak too was asked to retire early.
After that, everything british was dismantled. And communist wealth sharing NEP introduced. This actually hindered our growth potential. And brought down standards wrt efficiency and education.
Lumut dockyard had a string of failures. Before this under amin shah, they failed to deliver our patrol ships despite billions in advance fees paid.
Boustead took over and paid another billions or so to complete the project. But the guys running the dockyard remmains the same under new owner.
On the subjection of misuse of funds, here's a clip I came across. Data provided seemed credible and I believe the author has done some extensive research. The author says read with a clear mind and open heart. https://www.youtube.com/watch?v=OtESPt6xCYc
Surely by now the gomen knows that very high overheads i.e. high renumerations, salaries, perks are reasons why our glc's are failing. Plus the fact that directors are paid by companies means they are beholden to the bosses. Certain number of Directors in glc's should be paid by finance ministry and answerable to finance minister Otherwuse this problem of mismanagement will persist.
Having said that, our gomen too runs on same principal. High overheads and zero ombudsman. Like when anwar announced a million quran will be printed to be dustributed in europe yo vounter islamophobia. Nobody even raise a voice in protest to such a wasteful effort.
Just for comparison, our PM gets more pay and benefits than that of…
Read KLK.
KL is the best managed plantation company in Malaysia and being KLSE listed is automatically 30% Bumi owned if not 50% considering PNB/EPF/KWAP etc etc So what if LTAT divest it since they are incapable of managing any businesses efficiently.
The rot started with Tun Razak the racist
At that time , naval commander was an INDIAN who developed LUMUT naval base
Razak did not renew his contract and offered a diplomatic post which
was rightly rejected by the Indian chap
This is the day when MERITOCRACY died in Malaysia
From this time on , racism and ketuanism was born and was given plenty love and care
by Mahatir on mega scale to nurture his vile racism
His grandfather must turning in his grave
This where Malaysia slowly went downhill in everything
No brains and plenty of religion and race were the nails that was hammered
in the the coffin on Malaysia, one by one by successive PMs, and the…