QUESTION :
UEM Sunrise has been selling plots of land to non-bumii companies over the last few years instead of developing the land themselves. If these activities continue, how are we going to achieve Bumi Equity target?. These CEO’s goyang kaki and earn big salaries and perks by just selling assets instead of building them up.
60 odd years unable to reach target because business is not allowed to run like a business it's always bumi this bumi that. Those managing the business are not allowed to run it like a business because of such shor sightedness. God save country from such people
UEM is not a bumi company. Its a gomen company.
Nothing wrong selling land to anyone who wants to buy.
GLC's only deal with reputable buyers. No broker commission entertained.
Sunrise initially was a non bumi company. They developed hartamas into what it is today. UEM came and bought it. Maybe its because jalan duta toll highway cuts right across sunrise development.
Many state or federal owned gomen companies declare themselves as bumi and awarded bumi licenses when in fact they are not. gomen companies now compete in sectors meant to alleviate bumi businesses. I think this sector should be eliminated i.e. bumi licenses. It costs gomen much more and gets lower quality material or supplies than if it h…
Its a Free Market. Why keep on kipas M@L@Y land , M@L@Y this M@L@Y that.
Instead of generating profit, they are selling assets to show that the company is profitable and that they continue to earn bonuses end of year…..
That’s GLCs in Malaysia
Who is going to buy? Surplus to requirement.. economy sucks, ringgit like monopoly money, now lagi teruk, racism towards China thanks to the Muhiddin Mahathair government.. killed them of any confidence after treating people like pariah during covid.. laugh la MM2H .. Thailand l& Singapore lay down the red carpet & welcome inverstors & PR.. Malaysia lay it for refugees.. refugees gets paid way more then our Malaysian because they are very hard working... Philippino demand rm25 per hour from employers & don't need to pay tax, most of them are illegals, enjoying our clean country, great roads.. we keep building this country for illegals.. now.. dang dang dang dang !!!! Bye investments from the west, hello more refugees...