Image from thethought.tayermedia.com

RM4.9bil for 189 programmes in 2007;

RM3.2bil for 198 programmes in 2008;

RM70bil loans for 140,000 SMEs in 2008;

RM13.3bil or 38,000 SMEs (since March 200);

RM63.2bil loans for 132,000 SMEs in 2007…

Mathematics is not always my strong point and these figures got my head spinning! The story in The Edge almost threw me of the edge. I couldn’t help but rewrite it: “Incentives for SMEs in the pipeline”.

Shouldn’ it be “SMEs down the drain pipe with more (empty) promises”…?

KUALA LUMPUR (rewrite from BANGKOK): Prime Minister Abdullah Ahmad Badawi revealed today that the government will assist small and medium enterprises minimize the impact of rising costs and oil prices on them, but he failed to mention what exactly are those incentives.

The measure – which until now remains a “draft idea” and its specifics “too early to mention” – is supposed to encourage SMEs upgrade their hardware as well as adopt new technological software.

Until a proposed “special committee” scheduled in two weeks’ time determines the format of the incentives, much of this remains merely ‘post election promises’ by Abdullah, who is also the Finance Minister.

He did, however, told reporters that the ‘deal’ will be led by Bank Negara. Other ministries involved (in the committee) are the Treasury and the International Trade and Industry Ministry.

He also threw in other ‘offers’ that would be considered to reduce impact on rising costs on SMEs, such as “implementation of development programmes to enhance capabilities of SMEs and reduce their operational cost”.

That would be mean ‘trainings’ or ‘raising awareness and understanding’ on existing SME development programmes and financial assistance schemes; in other words, window dressings.

Although Abdullah said “In the future, for sure the SMEs will continue to grow, especially through the programmes organised by the committee”, it remains uncertain what those programmes entail and how effective they would be.

But the sum to carry out those programmes to assist SMEs this year is already certain and hefty:

198 key programmes worth RM3.2 billion! 141 capacity building programmes, 34 to strengthen the existing infrastructure and 23 to increase SMEs access to financing. A total of 189 key programmes were already implemented last year, involving a total expendi ture of RM4.9 billion.

Who says the government does not have money?

Meanwhile, the plan is to release RM70 billion loan to about 140K SME accounts from the services, agriculture and agro-based sectors this year; where RM13.3 billion has already been banked into 38,000 accounts at the end of March. It does not stop here for all this will be complemented by various government funds and schemes.

“In 2007, RM63.2 billion loans were approved to more than 132,000 SME accounts by banking institutions and development financial institutions. This exceeded the initial 2007 target of RM51 billion loan approvals to 110,000 SME accounts,” Abdullah said.

A total of 200 micro entrepreneurs were expected to benefit from the Rural Economy Funding Scheme and 200 franchise entrepreneurs from the Franchise Financing Scheme. All these are in line with “the strategies formulated under the Ninth Malaysia Plan (9MP) and the Third Industrial Master Plan (IMP3)”, he added.

But the question remains is how sure are we that all those monies will really go to SMEs? How do they determine which accounts get the money and how much? How do they monitor the progress of the SMEs whose got the monies?

Until we are told how, this bizarre and expensive idea(s) remains a major scam!

 

32 responses »

  1. NEP modified says:

    The Govt`s had plenty money for a long long time. Here`s that charlie Mhathir`s info (from the reformasi days):

    written by SBennit, June 03, 2008 | 21:22:25
    Why do we all love Iskandar Kutty and his family
    ——————————————————————————–

    The information regarding the Fixed Deposit Accounts
    of Mahathir’s wife and 3 of his children are as below.
    These accounts were opened at an Israeli
    Singapore-based bank in the neighboring country
    ofSingapore.

    The bank is ISRAELI NATIONAL BANK.

    That vast amount of monies could have been derived
    through the following:
    i. Deposited by an agent of the Israeli Government or
    any other foreign government.
    ii. Derived by the various companies of Mahathir’s
    cronies.
    iii. Perhaps this could be the RM1Bil missing from
    UMNO?s account which Anwar Ibrahim brought up before
    he was dismissed from UMNO.
    Details of accounts are as follow:

    Family of Dr. Mahathir:
    1. Name : Ms Siti Hasmah Bte Mohamed Ali
    Post : Wife of Prime Minister
    Passport No. : D 173596 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : AGF-2192-2442- 722-(X)
    Amount : USD 4,000,000.00
    Date of opening account : 25/06/95
    Date of Maturity : 25/06/98
    (Maturity continued to 25/06/2001)
    (Extension interest agreed upon)
    2. Name : Ms Siti Hasmah Bte Mohamed Ali
    Post : Wife of Prime Minister
    Passport No. : D 173596 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : FA-4196-2493- 313 (A)
    Amount : USD 8,000,000.00
    Date of opening account : 09/06/97
    Date of Maturity : 09/06/00
    3. Name : Ms Siti Hasmah Bte Mohamed Ali
    Post : Wife of Prime Minister
    Passport No. : D 173596 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : DD-3919-714- 271-(A)
    Amount : USD 5,500,000.00
    Date of opening account : 06/12/95
    Date of Maturity : 06/12/98
    4. Name : Ms Siti Hasmah Bte Mohamed Ali
    Post : Wife of Prime Minister
    Passport No. : D 173596 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : FB-5614-1499- 515 (C)
    Amount : USD 9,800,000.00
    Date of opening account : 12/11/97
    Date of Maturity : 12/11/2000
    5. Name : Ms Siti Hasmah Bte Mohamed Ali
    Post : Wife of Prime Minister
    Passport No. : D 173596 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : CE-2418-7172- 492 (E)
    Amount : USD 5,000,000.00
    Date of opening account : 07/03/98
    Date of Maturity : 07/03/01
    6. Name : Ms Siti Hasmah Bte Mohamed Ali
    Post : Wife of Prime Minister
    Passport No. : D 173596 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : GB-6921-4212- 712 (F)
    Amount : USD 6,650,000.00
    Date of opening account : 19/03/95
    Date of Maturity : 19/03/98
    (Maturity continuity to 19/03/2001)
    7. Name : Ms Marina Bte Mahathir
    Post : Malaysia AIDS Council President
    Passport No. : R 671918 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : C-719-418-210 (M)
    Amount : USD 13,000,000.00
    Date of opening account : 17/06/96
    Date of Maturity : 17/06/99
    8. Name : Ms Marina Bte Mahathir
    Post : Malaysia AIDS Council President
    Passport No. : R 671918 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : F-817-200-11 (C)
    Amount : USD 12,500,000.00
    Date of opening account : 03/12/96
    Date of Maturity : 03/12/99
    9. Name : Ms Marina Bte Mahathir
    Post : Malaysia AIDS Council President
    Passport No. : R 671918 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    5 years
    Account No : G-211-922-718- 2 (D)
    Amount : USD 15,000,000.00
    Date of opening account : 12/07/97
    Date of Maturity : 12/07/02
    10. Name : Mr Mokhzani Bin Mahathir
    Post : Son of Prime Minister
    Passport No. : R 719325 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    1 years
    Account No : F-3532-3310- 501 (NG)
    Amount : USD 15,500,000.00
    Date of opening account : 21/09/98
    Date of Maturity : 21/09/99
    11. Name : Mr Mokhzani Bin Mahathir
    Post : Son of Prime Minister
    Passport No. : R 719325 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : DA-9159-7211- 819 (M)
    Amount : USD 4,500,000.00
    Date of opening account : 20/05/96
    Date of Maturity : 20/05/99
    12. Name : Mr Mokhzani Bin Mahathir
    Post : Son of Prime Minister
    Passport No. : R 719325 (M)
    Bank : Israeli National Bank
    Type of Account : Fixed Deposit (Foreign Currency)
    3 years
    Account No : ME-3138-5144- 219 (A)
    Amount : USD 10,000,000.00
    Date of opening account : 08/09/97
    Date of Maturity : 08/09/00.
    http://www.malaysia-today.net/2008/content/view/8337/84/
    All down the pipeline eh what? Mebbe bola hangus got a share oso.

  2. clearwater says:

    You got it right, Susan. The old Credit Guarantee Scheme which disbursed funds to SMEs through financial institutions with specific quotas to bumiputra enterprises was roundly abused in its time. Its effectiveness is subject to numerous questions. Numbers do not tell even half the story. Any financial assistance scheme to help small businesses should be on a cost-effect basis, not another disguised attempt at social engineering. The most bang for your little ringgit. The world is not going to feel sorry for you if you continue to be unproductive, ineffective and uncompetitive. You will just go out of business. Our SMEs face tremendous challenges fighting escalating costs, manpower deficiencies, technological disadvantages and market disruptions, mostly on their own. They don’t need more lip service from politicians.

  3. kittykat46 says:

    A person I know who was expanding a small SME factory actually took the government at its word and went to apply for one of the supposedly favourable loans funds.
    The first bank he went to told him the fund was only for Bumiputra firms, even though the govt. had announced it was for all Malaysians.
    The 2nd bank he went to told him the fund (limited amount to start with) had been fully disbursed until next year.

    In the end he had to get a business loan on normal commercial terms.

    All this talk about SMI aid is B***s**t. There’s no new money in the pipeline and the government knows it.

    This government is very good at Smoke and mirrors economics.

  4. Robert Teh says:

    Going by past records, it could mean:

    1. Loans given to selected people which need not be paid back – either the amount is ‘too small’, recovery or legal action can be long, frustrating or costly.

    2. Loans to SMEs to purchase ‘refurbished’ (obselete, more accurately) machinery, with a new coat of paint, from overseas (especially Taiwan) at ridiculously ‘inflated’ book-value price (which is often zero).

    3. Then you have to pay for ‘plant re-location’ and ‘expertise or management’ contract fee for the expartrait (the original owner of the re-furbished machinery) and his ‘expert’ team. The seller also claims he will also transfer his customers to the SME but very often we find that he is having a hard time retaining his customers due to fierce competition at home. He gets a luxurious condo unit to stay when he gets here and a brand new car (usually a 4WD) – all paid by the SME.

    4. Loans given to projects which are supposed to involve ‘technology transfer’. After all the money has been spent on lavish overseas business trips, entertainment, office renovations, new cars and highly exagerated ‘technology transfer’ fee – there is no money left for working capital or even to purchase raw materials to begin production.

    5. Of course, when a project involves ‘new technology’ or ‘new innovative process or method’ from overseas, it will definitely need a local ‘consultant’ to get it done and the fee can be quite shocking.

    Of course, there are many more ways to spend the SME loans – all you need is to be ‘creative’.

  5. NEP modified says:

    Robert Teh: Item 3 you left out `get a new wife`.

  6. Robert Teh says:

    NEP modified:

    A new local girlfriend – pardon me, I forgotten to add.

    And I’m talking about a real case, I was involved it previously.

  7. caravanserai says:

    The windows dressing
    The BN leaders at their best
    Dispersing funds camouflaged as SMIs and SMEs
    Announcing it is for all businessmen
    In reality it is more towards its own kind

    Spending billions
    Yet we don’t see the companies improve globally
    It is more like the kampong businesses
    ‘Give me the money I think what I want to do with it’
    In the end nothing economically established

    When you are non-malay businessman
    You will find it hard to apply for the funding
    The participating banks will give you all kind of excuses
    No fund today, all used up this year, and wait for next year
    Like what we heard of the BN representatives did
    In Selangor and Perak spending it all in 50 days and 75 days
    Of $27 million and $8 million before the election
    When asking them to account for it and its reasons
    The BN representatives poohed poohed away their responsibilities

    The sleeping beauty just saying
    The mouth piece for the C4 boys
    Doesn’t know what he is mumbling
    He thinks he knows his economics

    I think he can’t figure it out
    In his mind he is going to sleep
    Heavy dose of the billion figures
    He can’t differentiate it
    So be brags on and on
    Without a clue without a plan
    This is window shopping
    Saying something doesn’t know its meaning

    So the BN government swings
    Believing it has achieved its objectives
    The clock is ticking it away
    The edge of its existence is on balancing
    Will it hold when the stomping hit?

  8. NEP modified says:

    Azim Zabidi is the head honcho of Umno Bukit Bintang who lost in the recent general election on 8 March 2008. He is also the head honcho of Bank Simpanan Nasional. And underling honcho Tunku Alizan is terribly upset that Malaysia Today has revealed that a police report has been made against his head honcho. It is not that a police report has not been made. In fact, a police report has been made against Azim Zabidi. It is just that Tunku Alizan is upset that Malaysia Today revealed it. And Malaysia Today also revealed that a Chinese businessman has sued Azim for the return of more than RM1 million, which the businessman alleges Azim cheated him.

    Tunku Alizan’s law firm, Zul Rafique & Partners, wants the three articles removed from Malaysia Today’s website. The articles are all true, of course, but they still want them removed. If they are not removed then they want the court to cite Raja Petra for contempt whereby he will be sent to jail. But Raja Petra can’t remove the articles. He can’t remove the articles not because he wants to be sent to jail, although we all know he does not really care if he is sent to jail. He can’t remove the three articles because the police will not allow him to do so.
    http://www.malaysia-today.net/2008/content/view/8276/40/

  9. tamade says:

    Where the hell the Mahafiraun and his family members get all these monies? Ill-gotten wealth or money laundering? If he could do this, what about other warlords in UMNO and other BN parties? Since the BN Guomen wants to reduce petrol subsidy, maybe the Mahafiraun and his families should donate the above monies to the fund for keeping the fuel prices low.

  10. bamboo river says:

    I qualified as a SME candidate but not qualified for SME loans.
    Reason ? ” Dukacita permohonan anda tidak dapat di luluskan. Sila rujuk kepada Kementerian Perdagangan bla,bla,bla,bla.”

    But when come to paying business tax ,service tax and what not. ” Dengan sukacita ingin kami memberitahu syarikat Tuan/Puan di wajibkan untuk memperuntukkan cukai bla,bla,bla”

    So, apa itu SME?
    Shit Money Entrepeneur.

    P/S ; a few of my Melayu SME friends faced the same problem. Their ‘personal’ reasons….Salah masuk parti politik!

  11. sandyow says:

    This Tun M arr… So happy claiming this and that about Abdullah all… If those info that NEP Midified posted was to go by, memang so very Cakap Tak Serupa BIKIN leh! Where is that info from anyway? If it is valid, it should be exposed properly to the relevant authorities?

  12. quesmind says:

    To “NEP modified”

    Does the “Israeli National Bank” exist?

    I can’t seems to find it.

  13. Ahila says:

    Tamade………..Mahafiraun will carry the monies to his tomb than to donate ! Hundreds of years form now someone might unearth the tomb to find the Mahafiraun mummy wrapped in dollars. Lets see if this is what his soul yearns for.

  14. JIN Bedil says:

    Mad that like to Bedir dollah should shutup and enjoy the $. Now he thing dah explode. We demand that $ to bak balik to Msia Nor… Scc what he can respond in d blog.

    Well Done SLoone, we need this kind of info. Our vote for u….

  15. rais says:

    Dear NEP modified,

    Israeli National Bank in Spore? Never heard of it. Wow! You can lose your underwear for such talk.

  16. Robert Teh says:

    Hi! All,

    To be fair to Dr. Mahathir (and company), I have checked the Net and I found there is no Israeli National Bank or Israel National Bank, in Israel or S’pore. Perhaps, you guys might want to read this posting by (the late, I believe) Mr. Pillai, to throw some light on the matter:

    “The New Straits Times, in a front page banner headline today,
    screams: BANK OF ISRAEL DOESN’T ACCEPT DEPOSITS FROM INDIVIDUALS; a strapline above it reads: Embassy official dismisses claims that our ministers have accounts with it. Two NST reporters commendably telephoned the Israeli Embassy in Singapore to check on alleged bank deposits maintained with the BoI; the first secretary of economic affairs, Mr Oren Tamari, very correctly pointed out that as a
    central bank, it does not accept deposits from individuals. “The
    Bank of Israel is like Bank Negara in Malaysia, which supervises and
    regulated financial institutions,” he said. “So, it is impossible
    for any one to keep accounts there. There is no way the bank will
    accept such deposits.” Yes, the Bank of Israel had representative
    offices in several cities of the world, with one in Hong Kong, not
    Singapore.

    The NST story comes as Internet rumours identified the Prime
    Minister, his family, his cabinet ministers, a handful of mentris
    besar and others as having millions of US dollars in deposits in the
    Israel National Bank. Suddenly, ministers at whom fingers are
    pointed, deny they have these deposit accounts. The Malaysian
    domestic trade and consumer affairs minister, Dato’ Seri Megat Junid
    Megat Ayub threatens to sue the opposition Parti Keadilan Negara
    (PKN) leader, Mr Ruslan Kassim, for RM10 million if he does not
    retract his speech at Chenderong Balai in Teluk Intan on April 4;
    the NST says Ruslan allegedly said the minister had “two accounts at
    the Bank of Israel with deposits of RM20 million and RM25 million.”
    The UMNO’s “Sue the Opposition” Committee, chaired by Senator Dato’
    Ibrahim Ali, who is also the non-lawyer deputy minister in charge of
    legal matters in the government, has received, the NST reported,
    “more than 100 tapes of speeches at ceramah organised by the
    Opposition” which the committee would “study … thoroughly to
    determine whether we can take similar action against the speakers.”

    I have seen this list of alleged accounts in an Israeli bank,
    but the bank mentioned is not the Bank of Israel but the Israel
    National Bank. The NST should get back to the Israel Embassy to get
    further and better particulars of the Israel National Bank, whether
    such a bank exists, whether there is a branch in Singapore. They
    should ask those on the alleged list of subscribers whether they
    have accounts with the bank. They should clarify, if an Israel
    National Bank indeed exists, that one is not the other. As those
    from South Asia knows, the Indian Bank is not the Bank of India,
    with neither, nor the Central Bank of India, the Central Bank. An
    urgent correction is necessary, if only to prevent the damage caused
    by the NST report to take a life of its own. For while the original
    story was a talking point, the NST story and the ministerial
    nervousness suggests there is no smoke without fire. So, while the
    NST is checking on the Israel National Bank, it should also check on
    the Malaysians mentioned in the list with deposit accounts in
    Singapore should also attempt the clear the air. After all, our
    ministers are men of absolute integrity, whose porcelain reputation
    would be safeguarded by UMNO to the hilt, and they should not be
    subject to such rumours. It is also good journalism. ”

    M.G.G. Pillai dated 28 April 1999

  17. kittykat46 says:

    There is one Israeli bank with a branch operating in Singapore – Bank Hapoalim. Its at Republic Plaza, Raffles Place.

    Since the post above didn’t even get the bank name correct, I very much doubt its authenticity.

  18. Myblog says:

    This is another joke. They create all ways, means and rationale to siphon the wealth of this nation. I am an SME but I have accepted my faith that I will get nothing. All is bull and ways to create wealth for the UMNO goons and their cronies. Bet you, this monies will already been allocated and given before anything sees the light of the day. Ha! helping SME….konon nya…tak malu mereka…..wait till the day of qayamat and you will have to answer….no hiding there I am afraid!!!

  19. Khairy Kemulutin says:

    Please Lah, Don’t simply report.

    Some bankers can easily access accounts of individual and post it discreetly but I doubt if any of our politicians will put money around here. Most of them put it in Europe like Switzerland.

    Some may have a few million here but that is all we can see. The hundreds of million stashed overseas will one day become nothing becos these bankers also know how to cheat them.

    In the end it is a ZERO sum game.

    Zero is a son of the gun MILO. MILO is the son of Dr. Kee Keon Chuan.

  20. arenaKu says:

    Hi Susan!

    Although you might not convinced, I personally think that most of the initiatives by the NSDC, especially measures implemented by BNM have significantly enhanced SMEs’ access to financing. In addition, SMEinfo has become an important one-stop online portal on SME-related matters such as financing, advisory services and other incentives for SMEs.

    There is also SMEnet, an intitiative led by BNM to facilitate the provision of advisory services to SMEs. With this program, SMEs can go to any registered advisers (currently in Klang Valley and main cities in Malaysia) at all commercial banks, development financial institutions (such as Agro Bank, SME Bank, EXIM Bank & BSN) and SME-related government agencies (such as SMIDEC, MATRADE & FAMA) to seek advice on any SME matters. If the scope is beyond the adviser’s knowledge, he/she will get in touch with relevant advisers at other agencies and if necessary, facilitate an appointment between an SME and these experts.

    At the same time, efforts are also being carried out to improve the quality of SMEs’ products and services and their brand names as well as the distribution of the goods and services.

    Although there is still room for improvement, I personally think that more SMEs are benefitting from these initiatives.

  21. NEP modified says:

    Re: Kekayaan Mahathir dan kroni (Score: 1)
    by mujahid1 on Wednesday, June 04 @ 22:30:16 MYT

    tak silap aku maklumat mcam dari EZAM aje ni…. dah pernah timbul satu ketika dulu…. ini timbul balik nampaknya…

    Pak Lah dah mula signal Ezam bantai TDM dan Anwar sekali kot ni…

    http://tranungkite.net/v7/modules.php?name=News&file=article&sid=10726

  22. Robert Teh says:

    arenaKu,

    I’m glad to read your pro-establishment view on this Blog even though it sounds a tad like something one would read from a Govt Ministry or Agency webpage. I think it’s healthy for any public-acessed platform to contain opposing views on the discussion or argument of topics of public interest. We are after all mature Malaysians and we have every right to share our views or comments with others.

    Your response also show that blogs like ‘sloone’ is not neccessarily pro-opposition or anti-govt and thus need not be sworn or cursed at by arrogant Govt Ministers. My advise to them is to read blogs to know what’s in the heads and minds of their electorate, so that they will not be shocked by the results when there is an election.

    I’m sure we all look forward to read more of your comments, especially comments which come from the heart.

  23. kittykat46 says:

    arenaKu,
    I’m well aware of all the various supporting structures theoretically in place to support SMEs.

    SMEs, by their nature, don’t seek to borrow large amounts of money.
    But funding help they certainly do need, especially since banks are often uninterested to lend normal commercial loans to such small borrowers.

    The proof of the pudding is in the eating, as they say.

    I’ve shared with you my friend’s experience, which I’m given to understand is quite a common one with non-Bumi SMEs, and even Bumiputra SMEs who lack “connections”. When it came to really applying for SME funds, they seem to have evaporated into thin air.

    Makes me wonder who those reported Billions of Ringgit of SME funding really went to.

  24. arenaKu says:

    Robert Teh:
    Politic aside, I think it’s a bit unfair to blanketly discredit all the measures undertaken to strenthen SME development in Malaysia. Especially, those initiatives carried out by dedicated and committed staff at the various SME-related organisations as well as chambers of commerce and associations.

    kittykat46:
    Currently, there are five or six special funds by BNM and about 90 funds by the government to assist SMEs. In the case of BNM funds, financing is up to RM5 million.

    In order to enhance SMEs’ access to financing, particularly the micro enterprises, BNM has aggressively promoted the provision of micro finance by the commercial banks and development financial institutions. Now, 9 commercial banks and DFIs are offering micro financing up to RM50K without collateral. In addition, there are dedicated advisers (listed in the SMEnet) to help micro enterprises in matters like business plan/proposal and cashflow/cost forecasting.

    BNM has also required the banks to indicate the reasons why they reject any application from the SMEs.

    May I suggest that your friend pay a visit to BNM’s advisory centre to assist him/her to get financing or other SME-related advice. In fact, the advisers also provide info and assistance to SMEs with financial difficulties such as NPL problems.

  25. Billau Chris says:

    Billions down the drain! Where did the Billions come from?
    It will be great if someone can throw some light on the flush of funds to the SMEs and for the many other developmental programmes.

    I have a hunch that the funds must have come from the earth below and the seas beneath. Can someone prove me wrong on this hunch?

    Before I forget, sometime last year, the PM robbed us of our meagre income by enforcing a 4% increase in petrol on the pretext that he would use it to improve the traffic congestions and transport system.

    Until now, now moves. It leads me to suspect that the RM4.0 billions was channelled to rescue MAS.

    Before PM forgets, he must not forget that there are thousands staying in housing estates along and off Old Kalang Road who need improved or modern transport too. I would have expected that Subang Jaya, Taman Sentosa, OUG, Taman Desa and Taman Seputeh should be linked by LRT. These areas are populous and the residents there certainly deserve considerations.

    Stop investing in arms, ammunitions, fighter-planes and submarines. They are unproductive and depreciate rapidly.
    Divert the money for social and infrastructural development, for repairing and equiping schools with computers and teaching aids, improve agricultural develoment, reduce foreign workers and prevent illegals from getting into Sabah and Sarawak etc

    Stop wasting more of the tax payers’ money. No one has yet been accountable enough to let the public know how much the five sacked judges were compensated for wrongful dismissal.

    There is nothing shameful at all to let the public know how much was awarded the judges? I am told that when the five judges “retired” from their services, their pensions were not suspended nor forfeited. In other words, they continue to receive their pension which is half the last drawn salary. Can Zaid clarify that?

  26. Natteng says:

    Great info…keep it comming

  27. jamilkucing says:

    Nampaknya berjaya juga Jamil Kucing membuat sedikit ‘ribut’ dalam forum dan blog. Artikel ini mula ditampalnya di blog anwaibrahim. Kemudiannya artikel yang sama ditampalkan merata-rata forum dan blog, maka terkejutlah pendatang baru dalam gelangang reformasi, sedangkan artikel itu diedarkan pada awal tahun 1999. Kesahihannya disangsikan. Bank mana yang mengeluarkan statement secara detail ttg simpanan sesorang untuk tatapan umum?? Israeli National Bank??
    “Mr Oren Tamari, very correctly pointed out that as a
    central bank, it does not accept deposits from individuals. “The
    Bank of Israel is like Bank Negara in Malaysia, which supervises and
    regulated financial institutions,” he said. “So, it is impossible
    for any one to keep accounts there. There is no way the bank will
    accept such deposits.” Yes, the Bank of Israel had representative
    offices in several cities of the world, with one in Hong Kong, not
    Singapore.” Gunakan google untuk rujuk sumber tersebut.

    Mengapa artikel lama yang tidak pasti akan sumber dan kesahihannya
    diedarkan semula oleh Jamil Kucing?
    Jawapannya ada di http://jamilkucingpondan.blogspot.com

  28. Feroz Merican says:

    Israeli National Bank?
    Even the name should tell you that it cannot be legit.
    If you want to bullshit, Israel works a lot better than “Israeli”.
    Imagine a bank called Singaporean National Bank. Ridiculous.
    Oi! Balik Kampung tanam jagung, la , bahlul!

  29. Feroz Merican says:

    Israeli National Bank?
    Yeah and all my money is in “Singaporean National Bank”.
    Please, sir. don’t make yourself out to be a fool , and worse still, Malaysians.

  30. billauchris says:

    Wow, the SMEs must be having a bonanza! Where the hell the BN Govt.
    got the huge sum of money to loan to the SMEs. From EPF? From Petrona? FRom Govt.’s Reserve, if there is any left?

    Prudence prompts me to ask one simple question – trhough which bank(s) is(are) is the mammoth budgeted amount dispensed? Last year more than RM60 billions were loaned out to the SMEs. Can the lending bank(s) report on the challenges and difficulties they face or are facing in getting the borrowers to service the loans? What is the % of bad loans?

  31. […] ringgit question MalaysiaToday.net – RM 2.70!!! Individual perspective Also Read Also Read Also Read Zorro-unmasked – ADEL HAKIM SAYS OTHERS MORE DESERVING KIDS DESERVE SCHOLARSHIP. AnilNetto – […]

  32. […] ringgit question MalaysiaToday.net – RM 2.70!!! Individual perspective Also Read Also Read Also Read Zorro-unmasked – ADEL HAKIM SAYS OTHERS MORE DESERVING KIDS DESERVE SCHOLARSHIP. AnilNetto – […]

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