tag:blogger.com,1999:blog-37045477.post3141694917466642572..comments2023-10-15T21:42:27.426+08:00Comments on Philosophy Politics Economics: 73% Above Market Rates to Bailout Water CompaniesUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-37045477.post-4365338179530746602011-05-29T23:14:04.690+08:002011-05-29T23:14:04.690+08:00The govnment always asked us to be thrifty,to tigh...The govnment always asked us to be thrifty,to tighten our belts but they got no qualms paying overprice for all things like PKFZ land paid to a chinaman in billions overprice,the IPP contracts which need fat subsidies forever evnthough already so profitable,the hihgway tolls concessaire which need reimbursement every year if not allow toll fee hike,and now this water thing overpaid price of 73%.Whats wrong in the heads of these people, we rakyat are almost out of food but they spent our taxes like no tomorrow.I think we have too many insane people running the country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-71953523349182130382011-05-29T08:08:56.809+08:002011-05-29T08:08:56.809+08:00This the result of having a fully owned Bumi comp...This the result of having a fully owned Bumi company governed the exclusive right to everything a good example is like MAS. <br /><br />To begin it, the people running this company is run by a board who are not only untrained and unprofessional. Their only interest is, at the end they know the government will be there to bail them out if they are i troubler given them what they want. The money is yours and they are not a bit worried about it and all they have to do is sanction they deal and make it look legal. That is the reason why a country with so much of natural resources should have billions in reserve, unlike Singapore that has nothing now has billions in reserve and one of the few nations in this world who does not owe anyone a cent. Malaysia should even be better but the money is squandered not to mention corruptly taken away and about to go bankrupt. No doubt some of them are very worried now and are starting to try and claw back the money from, not the money that took them away, but from the people !<br /><br />As a consequence the company, just another good example like MAS the company was and still is in big trouble. The worse part is the board of directors are not at all worried bout it.<br />Look at who is managing Air Asia a company that shenanigan Mahathir literally gave away to a non Malay and is doing well and expanding is making millions compared with the millions MAS is loosing. Why ? <br /><br />The present regime knows, from day one, damn well the government will bail them out or pay them big premium after some years. Thus making them instant millionaires or billionaires at the expense of the people.<br />This is in return for their support for Najib to stay as president of Umno thus as P.M. of Malaysia just like what shenanigan Mahathir did during his watch as P.M.of Malaysia. He indeed sets the example for all P.M.s after him.<br />The biggest trouble is the Malays in the country are too 'blind' to see that and still years after years are voting them to stay in power to keep enriching themselves, their families and their cronies.<br />In fact is, at the end, the stupid morons don't even realize that everyone in Malaysia including themselves is paying for their follies including the majority Malays. Though they contribute nothing or very little to the nation's coffer I might add. <br />It is time to up and vote the present regime out in the coming GE, enough is enough !najib manaukaunoreply@blogger.com