Strike on the son-of-soil successful story

Prime Minister Dato’ Sri Mohd. Najib Tun Razak launching a book in Kuala Lumpur Islamic Arts Museum, with Tan Sri Syed Mokhtar Al Bukhary

Pro-Opposition business portal Kinibiz.com is training their guns against Tan Sri Syed Mokhtar Al Bukhary again, for the subliminal intention to demonise the Malay Agenda.
FEATURED & ISSUES  |  NOVEMBER 12, 2013 9:00 PM

The sprawling empire of Syed Mokhtar Albukhary

STORY BY
jose@kinibiz.com

The Rise of Syed Mokhtar 121113 in-story-banner-fixed

Syed Mokhtar Albukhary’s impressive list of assets includes power generation assets, ports, plantations, auto assembly and distribution assets, rice and sugar distribution and banks just to name a few. While it is difficult to gauge his wealth, in this first of a two-part series, KiniBiz shines a spotlight on the tycoon’s sprawling empire and looks at a breakdown of his assets.

______________________________________________________________________

At its close on Friday, MMC Corp, Syed Mokhtar Albukhary’s flagship, had a market capitalisation of about RM8.22 billion. This would indicate that Syed Mokhtar’s 51.76% equity in interest in MMC would have a market value of RM4.25 billion.

His other main holding company is DRB Hicom which closed at RM2.56 giving it a market capitalisation of RM4.95 billion. This would give his 55.92% a market value of RM2.77 billion.

Thus collectively the stakes in the two companies are worth in excess of RM7 billion.

Early this year Forbes ranked Syed Mokhtar as Malaysia’s seventh richest with a net worth of some US$3.3 billion or about RM10.5 billion.

Nevertheless getting to the bottom of his actual wealth is not a simple matter, as his assets are diversified and his shareholdings fragmented.

“There are so many assets linked to him, parcels of land in Johor, and now people are saying he’s part of Eco World Development (Sdn Bhd)…so many assets link back to him. Maybe only he knows his actual asset worth,” a source familiar with the tycoon said.

syed mokhtar assets 121113

Difficult to gauge his actual wealth

This is not including the stakes, sources say belong to him, but where he doesn’t surface such as in Bina Puri Holdings where Syed Mokhtar’s private company Jentera Jati Sdn Bhd has 15.91%, in the construction company, translating to a market value of some RM19.73 million.

There are also other companies such as Megaplace Sdn Bhd a private company linked to his brother Syed Azmin Mohd Nursin @ Syed Nor which has 23.57% in Amtek Holdings Bhd, which has a market value of RM2.77 million.

While these two do not add much to his net worth (considering his shareholding in MMC and DRB amounts to RM7 billion) it does give some form of indication of how the tycoon managed to remain below the radar for so many years.

A sprawling empire

While these three companies are officially his, there are whole host of others he has been linked to over the years, including Star Publications (M) where he had 20% at the IPO, Padini Holdings Bhd, Latitude Tree Holdings, Elba Holdings, Eden Inc, Pilecon Engineering, IJM Corp and Oriental Garments to name a few.

And this list is from his biography released earlier this year.

There are others counters as well such as scrap metal trader SMPC Corp Bhd which he was said to have a huge stake of some 20% for many years.

Anyway let’s take a look at a breakdown of some of his assets.

MMC Corp

mmc-logoThe tycoon’s flagship is MMC, a company his private vehicle Impian Teladan Sdn Bhd acquired 19.9% of in 2000, forking out RM499.18 million or RM3 per MMC share.

A news report from then had it that Syed Mokhtar got his “hands on a company sitting on RM633 million in deposits, and investments – quoted and unquoted – amounting to RM2.16 billion.”

As at end June this year MMC had deposits, bank and cash balances of RM4.94 billion, while on the other side of the balance sheet it had long term debt commitments of RM21.26 billion and short term borrowings of RM2.42 billion.

(We look at his high debt level in another piece)

gas-malaysia-berhad-generic-1.0As for its assets, MMC has 30.9% in Gas Malaysia, a company with a market capitalisation exceeding RM5.16 billion, and 39.2% in civil engineering outfit Zelan. Zelan has not been faring well and only had a market capitalisation of RM160 million at its close of 28.5 sen last Friday.

Then there’s power generator Malakoff Corp where MMC has 51% equity interest. Malakoff posted net profits of RM468.2 million in FY12. Malakoff recently let its approvals for a floatation exercise lapse, and reports have it that the company is looking to issue debt papers, to help settle debts.

Under MMC itself there are a few assets where value can be unlocked such as his port assets, made up of Port of Tanjung Pelepas Sdn Bhd, which is Malaysia largest container port by throughput volumes, Johor Port Bhd, and soon to be included Penang Port Sdn Bhd.

While there are rumours that he has tried to take over NCB Holdings Bhd, which wholly owns Northport (M) Bhd, which is part of Port Klang, these rumours cannot be verified.

There has been talk that he has attempted to buy Kelang Port Authority, 5.32% for starters but the port authority has been reluctant to sell.

Other assets that could be floated are Aliran Ihsan Resources which has the operations and maintenance of water treatment plants, Southern Water Corp Sdn Bhd and and Aliran Utara Sdn Bhd. But Aliran Ihsan suffered marginal losses in FY12.

There’s also MMC’s multi billion ringgit Klang Valley MRT project where, partnering Gamuda, it is the project delivery partner.

Considering all the assets, MMC for its six months ended June this year posted net profits of RM52.68 million from RM3.24 billion in revenue.

DRB Hicom

Just a few weeks ago, DRB proposed to acquire 61.6% of haulage and transportation company Konsortium Logistik for RM1.55 per share or some RM241 million.

drb hicom logo thumbOther assets under its belt include national automaker Proton Holdings. DRB forked out RM5.50 a share or almost RM1.3 billion for Khazanah Nasional’s 42.74% equity interest and privatised Proton Holdings for slightly over RM3 billion.

There’s also Pos Malaysia where DRB has 32.2% equity interest, it acquired for RM622.8 million from Khazanah as well.

Other than Proton and Pos Malaysia, there’s also assets such as Honda Malaysia Sdn Bhd where DRB has 34%, Bank Muamalat in which DRB has 70% equity interest, wholly owned Puspakom Sdn Bhd, wholly owned Edaran Otomobil Nasional and Proton Edar Sdn Bhd, DRB Hicom Defence Technologies Sdn Bhd, 97.37% of Alam Flora Sdn Bhd and wholly owned Lotus Group International Ltd, to name a few.

However despite its impressive asset base, DRB’s financials have been wanting. For its three months ended June this year, DRB posted a mere RM10.26 million in net profits from RM3.05 billion in sales.

In a bidding war back in December 2004, Syed Mokhtar edged out the late Malaysian motor czar SM Nasimuddin SM Amin of the Naza group. Syed Mokhtar bid RM3.60 per share, 10 sen more than Nasimuddin for a controlling 15.8% held by the family of the late Yahya Ahmad, after which he strengthened his grip on the company via the injection of Bank Muamalat Bhd into the company.

Tradewinds Corp

Not to be forgotten is his other flagship Tradewinds Corp Bhd which was privatised and delisted in end September this year.

tradewinds thumbIts last financial results for the six months ended June were RM75.44 million in net profits from RM474.57 million in revenue.

While the margins for Tradewinds Corp’s results are impressive, the company’s asset base is truly amazing. Among those that are more well-known include Tradewinds (M) which has Padiberas Nasional (Bernas), Central Sugars Refinery Sdn Bhd and Tradewinds Plantations among a whole host of other assets.

According to filings which accompany its financials, as at end June this year Tradewinds Corp’s total assets stood at RM3.56 billion.

Since Tradewinds Corp has been privatised it is difficult to put a price tag on the company, but nevertheless it could be worth more than the RM3.56 billion if stripped.

Bernas at its close on Friday had a market capitalisation of RM1.67 billion. It is also noteworthy that Bernas could be voluntarily withdrawn from the Bursa Malaysia as Syed Mokhtar’s companies had collectively about 83.69% control of Bernas.

Shahidan Kassim

Shahidan Kassim

Other than Syed Mokhtar, the only other shareholder with clout in Bernas is Cabinet Minister Shahidan Kassim who via his vehicle Batu Bara Resources Sdn Bhd has about 4.8% equity interest in Bernas. Other notable shareholders include Pertubuhan Peladang Kebangsaaan with 3.71% interest, and Persatuan Nelayan Kebangsaan which goes by the acronym Nekmat controlling a 3.42% stake.

Tradewinds was formerly known as Pernas International Holdings.

Back in 2002 Syed Mokhhtar’s Restu Jernih Sdn Bhd, acquired 32% of Pernas International Holdings for RM497 million or RM2.10 per share and 64 sen per warrant from an ailing Perbadanan Nasional Bhd known as PNS.

Since then he has restructured the once ailing Tradewinds and considerably transformed the company.

In 2002 the price Syed Mokhtar paid for Pernas International Holdings was more than a few hundred percent premium to its trading price, which many considered a bailout.

To put things in perspective, Pernas was set up in 1969 to promote Malay capital ownership, but the lumbering giant corporation failed in its agenda, and bled losses for the longest time.

At that time one of Syed Mokhtar’s general had said, “We don’t cherry pick,” when asked to comment about his acquisition of Pernas.

Based on these assets alone, Syed Mokhtar’s clout in corporate Malaysia is evident. The fact that he has built up his wealth over a span of 20 odd years is remarkable.

But considering his is a rags to riches story, how did he do it?

Tomorrow: Syed Mokhtar, the early years

************

Although it is a complete account in brief about Syed Mokhtar’s success story, the intention is obvious.

The Statesman who believed in Syed Mokhtar, in an MPH book launch

The Statesman who believed in Syed Mokhtar, in an MPH book launch

The fact is that the Al Bukhary Group acquired the various corporations, businesses and projects at premium values. On top of that, the Group realised their own internal funds and raised their own financing from the capital and financial markets on their own strength and merit.

Majority of these acquisitions are actually rescue missions, to turn around ailing business groups and projects with the initial intention to realise the national service.

Example is the Pernas International Holdings. The hotel group with powerful brands such as Hilton and Meritus in Malaysia, was initially an MBO when Pernas Chairman Tunku Tan Sri Shariman Tunku Sulaiman took over the Group and Tradewinds.

One time Tun Razak’s Principal Private Secretary Tunku Shahriman Tunku Sulaiman

When Tunku Shahriman could no longer service the financial commitment for the MBO, Al Bukhary Group took over. The Pernas International Group was consolidated and restructured.

The interesting bit about this story is that it would be  reference for all the strikes against Tan Sri Syed Mokhtar and Al Bukhary Group. The Opposition and all those who wanted to see the Malay Agenda or New Economic Policy (NEP) fail, would demonise Syed Mohktar and Al Bukhary Group as an UMNO crony.

The first batch of Malay corporate giants 20 years ago; Daim’s Boys

‘Cronysim’ is a dirty word depicted by Anwar Ibrahim’s camp when they tried to start a revolt within UMNO and topple Tun Dr. Mahathir Mohamad’s Presidency and Premiership. as far back as 1997. The opportunity presented itself when Neo Con Jewish hedge fund George Soros attacked Ringgit Malaysia and almost brought down the economy to its knees, when the domino effect almost tumbled the KLSE.

As a result, the Malaysian banking system almost crumbled due to the bursting of the economic bubble and over-gearing arisen from pledging of over valued shares.

At the time, the guns were trained on Malay corporate giants such as Tan Sri Tajudin Ramli, Tan Sri Halim Saad and Tan Sri Rashid Hussain. All of these successful Malay billionaires borrowed from commercial means to expand their respective business domain and did their bid for national service.

In fact, some of the feats they did were extraordinary, considering the mitigating circumstances and challenges 15-20 years ago.

Senai Airport expansion

The anti-NEP detractors now conveniently use and abuse the goodname Syed Mokhtar and Al Bukhary Group as the bogeyman in the UMNO tradition to maintain cronyism amongst Malay entrepreneurs.

The typical ghastly scenario they picture is that “Syed Mokhtar is given national projects,  systematically taking over GLCs and awarded huge long term contracts and concessions, all on borrowings. If he cannot sustain, due to the corruption and inability to be comptetive in the open market, then the bubble will burst again. The Malaysian Government would have to mount another ‘bail out’, where as so many layers of corrupt UMNO politicians already made their money along the way”.

The fact is that they cannot substantiate this fallacy, with Syed Mokhtar and Al Bukhary Group.

The success story which started from ground up, Port of Tanjung Pelepas

The success story which started from ground up, Port of Tanjung Pelepas

Every single acquisition and take over that were carried out and transacted are at premium value. The funds and borrowings for all these corporate exercise are raised via commercial means on their own merits and financial strength. Often, more resources are needed to be injected into these corporations and projects. The immediate next step  there on is to consolidate all operations and holdings. Then the restructuring and transformation begins.

In the Jose Barrock article above, it is proven that acquisitions, consolidations, restructuring and expansion of operation made the Al Bukhary Group stronger and financially sound.

Most importantly, every single business units finance and service their operations and borrowings. As a result, Al Bukhary Group could prove that all the financial standing and value of these corporations have actually been increased.

Club of Super Aces: Lim Kok Thay, Ananda Krishnan, Syed Mokhtar and Francis Yeoh. Opposition only go after Syed Mokhtar

Club of Super Aces: Lim Kok Thay, Ananda Krishnan, Syed Mokhtar and Francis Yeoh. Opposition only go after Syed Mokhtar

Another interesting fact is that the same decorators, be it Opposition Leader Anwar Ibrahim, DAP Secretary General Lim Guan Eng and his minions such as Tony Pua and all the personalities, NGOs and media bodies which favoured and focused to use Syed Mokhtar as the convenient target to demonise the Malaysian Government and UMNO for upholding the Bumiputera Economic Agenda, are silent about other entrepreneurs.

They never question Non Malay Club of Super Aces entrepreneurs in the likes of Tan Sri Ananda Krishnan, Tan Sri Francis Yeoh, Tan Sri Lim Kok Thay and Tan Sri Vincent Tan for all the opportunities that they have gotten and still continue to benefit from their long and strong relationship fostered with Malaysian Government and UMNO leaders.

In fact, Anwar Ibrahim then as the powerful duo-job Deputy Prime Minister and Minister of Finance has his own set of cronies.

Anwar Ibrahim and Soh Chee Wen

They too, like other tens of Non Malay billionaires and multi millionaires have ‘Sprawling Empire’. They have immensely benefitted from the continuous Malaysian Government contracts and ‘strategic partnership and relationship’ as suppliers, contractors and even operators to corporations and GLCs.

Worse still, many of these Non Malay multi millionaires now even support DAP either politically or financially.

The continuous effort to bring Syed Mokhtar and Al Bukhary Group into the line of media attention is without a sinister agenda. A successful story via commercial means and bankable practices of apolitical Malay entrepreneur is the proof that the NEP works, given time, right opportunities and even through the stringent market test.

Wawasan Open University, Penang. The blue building is also known as Al Bukhary Building, for the RM 25 million contribution to the tertiary institution

The truth is that Syed Mokhtar is an model of a Hijrah Man. He brought commercial, cultural and social transformation and was successful at that. That is something some of the minority could not live with.

Published in: on November 13, 2013 at 23:53  Comments (32)  

The URI to TrackBack this entry is: https://bigdogdotcom.wordpress.com/2013/11/13/strike-on-the-son-of-soil-successful-story/trackback/

RSS feed for comments on this post.

32 CommentsLeave a comment

  1. Leela Barrock’s brother tu

  2. […] The “thirteen million plus Ringgit” guy rambles…. […]

  3. (out of No question about it. Unjustified, uncouth and ungrateful towards the Malays agreeing to citizenship right for the non-Malays at Merdeka and not honouring the quid pro quo of what has become known as the Social Contract – the enshrining in the Constitution of the Special Position of the Malays from which the NEP was inspired.

    They should be made to realize that attempting to throw spanners into the NEP can attract a similar response on their citizenship status. Tun Dr Mahathir, when commenting on the Sabah illegal immigrants RCI issues, said there could also be a RCI on the nearly 1 million (out of 4-5 million?) pendatang who were given citizenship without language proficiency tests after Merdeka.

    What the Government must do is to disregard the criticisms by the non-Malays about the Bumiputera Economic Empowerment (BEE) and NEP acts and promotion. Especially after the Chinese tsunami. What do we get from the Chinese, for example, after giving Robert Kuok the sugar monopoly for so long which enabled him to be a multi-millionaire and billionaire. He gave RM100 million to a Chinese university in Selangor and said he is “twin-rooted” – Malaysia and China. He must have donated tons of money in China, too. And where is his loyalty in cases off conflict of interests between Malaysia and China?

    And we, the concerned citizens, keep whacking those who criticize the NEP and BEE. And who is the Jose Barrock bloke, anyway? What kind of name is that? Jose is Spanish, Barrock is what?

    • A white wannabe beruk maybe

    • Sounds like BEROK.

    • Careful….I don’t think that the government wants to piss off China or Greater China.

      And if you turn your backs on the TPP and the US, there isn’t an awful lot left to be exploited, is there?

      So – no China, no greater China, no TPP, no US. In your mindset, that’s no biggie.

      And let’s see – are you “targetting” Robert Kuok, Lim Kok Thay, Francis Yeoh etc on grounds of ethnicity or simply because they have diversified outside Malaysia?

      Or is it because their companies have not hired their fair shares of Malaysians, based on ethnicity?

      Or because they haven’t paid their fair share of taxes?

      Well, Sir – you may have the luxury of pontificating, because you have an “iron rice bowl” and all that goes with it.

      Good for you.

      It’s the rest of us hardscrabble lot who have to forage for business and jobs who have to grit our teeth and carry on.

      • Now, why does anybody have to be Careful? You living in Singapore, used to Big Brother on the wall. listening to what you say, whacking and wanking you out of your job or something?

        And what the hell does it mean “China or Greater China”? You are used to talking in riddles, fearing Big Brother always listening to you? Or your verbosity and unjustified ego thinking that everybody knows what you are talking about without explaining things? You heard the expression “a coyote cry”? Worse than the bull stomping around thumping its chest saying it is cleverer than the cows.

        I got news for you, bull – you are in a different arena here. So don’t thump your chest otherwise the Red Indians will come and show you they can thump chests better.

        And who the hell is turning backs on the TPP and the US? I never said so. You are a presumptuous bloke, aren’t you?

        And who is talking “on grounds of ethnicity”, when I was talking about loyalty to this country. Since you appear to twisting that, would you like to say where your loyalty lie? Singapore? China? “Greater China”?

      • Are you one of those deluded fellows who still think that the Chinese pay the most tax in this country? When the GLCs have been reported to be paying as much tax as the Chinese. And you think the Malays and others don’t pay tax as well? Are you not the one pontificating? Or assuming things half of which are not true?

        And you think you have a golden rice bowl? Just because the Malays don’t have a culture of doing business like the Chinese have for thousands of years been doing so? Yet China itself was regarded by the West as an economic pariah until only 1-2 decades ago.

        And you think you are the only ones working hard? Still aping and parroting the British who might have alluded to the Malays’ “laziness”? When it’s the British colonialists who had the policy of encouraging the Chinese to do business in this country, expecting the Malays to look after the food production of the country, continue being padi farmers and fishermen, continue the slow-paced life in the kampongs. The bloody British built only primary schools in the kampongs, refusing to build English schools even when asked by the Malays – tell me of you want the authority on those facts.

        If so, do remember the many lazy Chinese who used to take opium even in the kampongs, or run opium houses, brothels, gambling joints etc etc in the towns. And of course the modern day lazy Chinese blokes who join secret societies, become thugs and gangsters, collecting protection money, become Ah Longs or run errands for Ah Longs, etc etc.

        Ain’t it stupid to imply you are the only ones working hard, the others being lazy?

  4. Of course there have been the old “criticisms against NEP implementation, not NEP itself”, cronyism etc. But if they concern big projects where there may not be other Bumiputeras with the financial and management capabilities, what’s wrong in giving them to Syed Bukhari? He takes in Bumiputeras, provides the training ground for other Bumiputeras interested in doing business, and that way widen the benefits of the NEP.

    Yes, we would also like to see the widening of the NEP business training and implementation benefits much wider still, to cover all aspects of business – right now you can’t get a screw without going through a Chinese hand and your small RM100,000 drains contract may suffer just because the Chinese backhoe tractor operator repeatedly delays coming to your contract site because he may have been a competitor bidding for that contract that you get.

    So many of such detailed aspects of doing business that perhaps another Syed Mokhtar can provide the assistance. For goodness sake, the Government must get a string of Bumiputera hardware shops set up, so that they can provide fair prices and terms to the Bumiputera contractors. In fact, there must be a whole system of supply chain, from the importer to the wholesaler, the distributor and the retailer for Malay construction and related business to thrive. Not the existing situation where different prices and terms are applied to Bumiputeras compared to their own kind.

    I thought Pernas was supposed to that, with Pernas Trading, doing the importing or stocking supplies from the manufacturer, wholesaling, encouraging the growth of a string of retail outlets, under Shamelin coperatives etc in the past. Why not revive those or get a new set up started?

    Seriously, where can you get a screw or a nail without going through a Chinese hand, either at the manufacturing, distributing, wholesaling or retailing level?

    • Yeaaaah.
      Agreed agreed agreed.
      I thought anwar Ibrahim and SANUSI JUNID were the brains behind SHAMELIN.
      It should be revived.

      • I think only Sanusi Junid. Anwar never really cared about the Malays. He only cared and cares about himself. Front and back. .

    • So there’s to be a Malay supply chain, a Chinese supply chain and an Indian supply chain?

      What next? Import quotas? Different tariffs and taxes for different supply chains, predicated upon ethnicity?

      I think the MNCs here will just give up, close shop and wash their hands of the country.

      After all, why do they need to be in Malaysia anyway, when a TPP-led rest of the region beckons?

      It’s impressive how stupidity can outweigh logic!

      • Yes! Yes! It is impressive when stupidity outweigh logic!!!!
        No ethnicity was encored only names were mentioned and a Goobleduk rave about ethnicity. The truth hurt is it not? But then (again) no remorse felt. Right?
        They need to be in Malaysia my boy, because they owned half of this land called Malaysia and only able to obtain land by square metres in the other landas of the milk and honey! Not even enoughh ground to bury their dead bodies, what more of their relatives.
        Again, it is impressive how hatred outweigh logic.

      • I don’t think the MNCs will give up, only blokes like you scaring the public so. And if they do, only blokes like you will say Malaysia will go bankrupt. Well, m’boy, blokes in the DAP have been saying that for ages. Malaysia is still standing fairly strong, ain’t it?

        The communists often say all sorts of things to create chaos and bring the government down. I wonder what your motive is for your doomsday talk.

        And you have become rude, saying others are stupid, not logical.

        Now look here, stupid Gooberman whatever your name implies –
        the best of economists are still not agreed on the cause of the Great Depression now 80 years after the event. You can’t even tell what makes business people move out of any country. Even Robert Kuok puts only one foot in China and retains one in Malaysia.

        Perhaps the only thing they’ll wash is your backside and then get Anwar to do you up. How’s that as a counter to your stupid statement about stupidity?

      • Really?

        How many MNCs have put their regional HQs in Malaysia? As opposed to, say, Singapore?

        What about the big foreign banks?

        Why, even General Motors is moving it’s Asia-Pacific regional HQ from Shanghai to Singapore.

        This despite Malaysia being one of the biggest car markets in the region.

        Look at the FDI statistics for the US and the EU cumulative pool of investments in Singapore versus Malaysia.

        You may think that the MNCs need to be in Malaysia. Well, I’ve news for you, they don’t need to be.

        Like Airbus and Boeing, they can service the Malaysian market from Singapore.

        And you think that MNCs will be dictated to in terms of preferred supply chains?

        Go talk to any regional purchasing manager for a MNC. It should be an eye-opener for the rabidly nationalistic.

  5. 1. Sebenar nya kita( Melayu ) cukup senjata untuk mengawal ekonomi NEP (dulu DEB) dan memperkasakan nya. Jika di ambil kira persepaduan sektor modal insan untuk graduan dan bukan graduan yang menganggur sekarang, kerajaan boleh merangka satu dasar untuk Fasa Agenda Terserlah – melebar sektor koporat dan pengambil-alihan beberapa syarikat pertengahan dan mempelbagai dan memperkasakan nya. Lantas merancakkan peluang pekerjaan. Dalam hal ini, persekitaran luar negara di ambil kira dari segi kesesuaian aktiviti perniagaan. Kaji selidik ‘ blue print ‘ bermanfaat untuk rujukan dalam jangka waktu sasaran, contoh untuk 3 tahun, sebelum PRU di adakan. Perniagaan amat sesnsitif dengan dasar politik sesebuah negara.

    2. Berbalik kepada tokoh koporat Syed Mokhtar beliau terbukti selepas dua puluh tahun mampu menjadi teraju, membina dan memulihkan. Perniagaan sangat sekali bergantung kepada kesabaran kental dan gerak kerja cekap modal. Kerja kuat hanya dalam fikiran kerana objektif perniagaan. Maka tidak salah kerajaan menjaga tokoh ini, dan lain-lain yang terlibat secara timbal balik atau ‘win-win stuation’ demi NEP selari serampang dua mata membawa melayu / bumiputera ke satu arah peralihan mengawal ekonomi negara. Juga merekrut pemain- pemain aktif baru supaya lebih berkesan sebagai pemangkin ekonomi semasa. Akhir nya sasaran perbelanjaan awam dapat di pertingkatkan, merealisasikan impian PM Najib menjadi negara maju berpendapatan tinggi.

    3. Untuk apa memberi kepada yang tidak mengenang budi ? Kerajaan selalu di jadikan kambing hitam untuk pembangunan bangsa yang tidak inginkan penglibatan menyokong dasar kerajaan untuk lapisan rakyat jelata. Sifat tamak dan suka memihak hanya untuk menjana laba persendirian kerana tebal nya perkauman yang tidak cuba di hapuskan. Lihat saja akbar-akbar melayu yang kini di tekan di manipulasi sepenuh nya tanpa sokongan iklan.Bukan tidak bersaing tetapi pintu-pintu mereka di tutup rapat. Dasar GLC yang konon nya mendapat sokongan pihak ini sehingga pengaruh meluap menjangkau sektor perniagaan besar yang lain. Apa yang pasti, kerajaan mesti TERPAKSA membuka pintu-pintu ini dengan mencontohi cara amalan mereka lakukan tanpa ketara. Biar di anggap kejam demi kebaikan jangka panjang.

    4. Parasit ekonomi sentiasa ingin merudumkan pihak lain yang konon nya memonopoli. Nyata nya parasit ini tidak mahu persaingan kerana mereka pemonopoli sebenar yang berproksi. Banyak contoh. Dengan bangga saban tahun memaparkan keuntungan berganda- ganda mewah. Hakikat nya tidak langsung di nikmati pengguna-pengguna yang sering di cekik dan di perah.

    Semoga PM Najib tidak terpengaruh kepada sentimen dan kejahatan pihak pembangkang. Kita ingin lihat satu dasar jelas NEP. Kita ingin lihat Bursa Saham menjadi medan tempur yang menjadikan perniagaan tersemat di hati setiap Melayu ! Kita ingin lihat berpuluh lagi macam Syed Mokhtar.

    Melayu Berniaga Ikut Sunnah.

    • Setuju, “Untuk apa memberi kepada yang tidak mengenang budi ?”

      Terutama nya selepas tsunami Cina. Dah daoat kerakyatan tak mahu hormatkan Kontrak Sosial. Tak reti berterima kasih pun.

  6. Something is brewing for years to come, sad really. Non bumi youths are being ingrained to attack. Who or what is funding this? The biggest picture is efforts are being made to wreck the shit out of this country in 15 – 20 years by wrecking the youths. I am confident that najib is a plant thats why he is still there. And i wouldnt get my hopes up if he were to go. Badawi was planted, najib is planted. Are we sitting on some huge reserves of gold or what?
    The government should counter claim this shit. What are the ratios? When it comes to millionaires the ratio for bumi to non bumi is even bigger. But i wouldnt get my hopes up as the government is stupid. Has anyone heard that GST propaganda shit on the radio? I though during rais’ time it was dumb, not its even dumber. Or was that GST shit amongst the billions najib wasted on foreign consultants?
    Sinister agenda indeed.

    • Not clear what you meant, friend. Hope you can clarify “Non bumi youths are being ingrained to attack.” Would appreciate examples. If they attack us in blogs, pls provide the links. So that some of us may want to counter-attack.

      I’m interested in the non-moderated ones, sure my comments will be published and appearing immediately after pressing submit button, so that can rectify any mistakes made immediately.

      But we have to have hopes and at the same time whack the irregularities, whip up more steam and spirit ou of everybody to spur those concerned to act better, however “stupid” the gomen may be. They are what we’ve got and we have to do the best under the circumstances. So, let’s whack them and also suggest ways and where they should beef up. .

      • VERY VERY SAD. NEVER HEARD THE VOICE OF UMNO YOUTHS COUNTERING SUCH ATTACKS. UNLIKE ZAMAN HARON IDRIS.
        UMNO YOUTH GETTING IMMATURE, LOOKING FOR CHEAP PUBLICITY ONLY.
        WAKE UP BOYS !!!
        Get your facts right and fire them back, real hard !

      • Like the article by mr. Berok. I believe the target market is for tech savvy non bumis who are youths. Alot more of their new media war is being waged at youth level. The next gen will hate the bumis even more and be more ungrateful for the leeway that we have given their kind.

        And whats frightening is the ones that are being ingrained to hate us, are sons and daughters of rich non bumis who benefit from the social contract. While the malay youth are lacking in a lot of department, the ones who are on the right foot become sympathizers.

        They attack everywhere btw. I hope you get my drift, friend.

  7. Wikileaks has released the full text of the secret TPPA via http://www.tremeritus.com/2013/11/14/wikileaks-released-secret-negotiated-tpp-draft-text/ The Editor of Wikileaks states that any country which signs the TPPA is turned into a slave. And yet, our Government went through 19 rounds of secret negotiations without informing the Dewan Rakyat.

    • Yup , we now have two problems to deal with. No.1 : The dimwit oppos who think they are smart Alec’s who can run the country better than the BN.
      No.2 : The incompetent govt of the day who relies on foreign and private consultants to formulate economic policies of the countries. No wonder the state of the economy now is in quite a mess inflicting misery on ordinary people. It is the worst state of economy in decades. PM has no vision like Tun M to navigate the economy for the benefit of the people, and not for the benefits of the rich and foreign investors only.

      • Correction : ‘formulate economic policies of the country.’

      • postgrad. Tun Dr Mahathir Mohamad, a Malay and a Malaysian, is one of 7 Great Statesmen of Asia and the World. They are Mao Tse Tung, Soekarno, Nehru, Jinnah, Ho Chi Minh, Deng Hsiao Peng and Tun Dr Mahathir Mohamad. All of them are not interested in money of the Lee Kuan Yew kind. All ye Malays and non-Malays should rise up and say,’ Well-done ‘ to Tun who lives amongst us in Kuala Lumpur. What is there to be ashamed of ? Our hearts are filled with pride and joy that a Malay is a Great Statesman of Asia and the World !

  8. Yo! dumb, dumb oppositions, that’s what we want – Wealthy and philantrophic Malay and bumiputera entrepreneurs and businessmen. In fact we want more Malays to be as wealthy and successful as Syed Mokhtar and could outdo the early recipients of tongkats in the 1960s and 70s from the govt. a.k.a Chinese businessmen. The dumb dumb oppos are nervous that Syed Mokhtar is doing well because it contradicts and undermines their outrageous doctrine supported by dumb dumb Malay cohorts that Malays are stupid and can never succeed. They will make sure Malays will fail as a self fulfilling prophecy.

  9. “the subliminal intention to demonise the Malay Agenda.”
    I take it the keyword here is ‘sublime”? Sublime as opposed to … Utusan, maybe?🙂
    So I am wondering if that is actually a sublime compliment to kinibiz? Or is it a ‘sublime’ insult to Utusan?

    And since there is no accusation of fact distortion or lies, i take it that everything bizkini has mentioned is well grounded? Say, as opposed to famous mainstream media we all love? ahh.

  10. errr…maaf..apakata tuanpunya blog kaitkan jutawan2 cina n india dgn penglibatan pemerintah dlm urusniaga mereka…bkn apew..dorang dok bising bising kata pemerintah duk nolong syed bukhari kan na…jd apakata hangpa yg dok ada blog nih kaaaasi korek cerita yg nep nih bkn melayu jew rasa…cina india lelain bangsa pown rasa…tp yew la kan na…dah dorang pandai takleh di ikot bodoh takleh di ajar…canang/citew kot mana pown dorang tak masuk.no…mangkuk tingkat ayun…tp blogger kena istikamah la…penerangan mesti berterusan kan na…..kita kasi bkn cina india lelain bangsa paham..kita bg melayu lupa diri paham jugak kan kan kan….pendapat tak skol haku…he he he…

  11. *Comment deleted

    Commenter no longer welcome here in this blog.

  12. Long live Syed Mokhtar!

    • Zack PJ. Long live Tun Dr Mahathir Mohamad, the Great Statesman of Asia and the World – one of 7 – Mao Tse Tung, Soekarno, Nehru, Jinnah, Ho Chi Minh, Deng Hsiao Peng.

  13. […] Sri Syed Mokhtar Al Bukhary and Co. have been systematically presented as a ‘crony’ in a simplistic single breadth when the example of Government-Private co-operation or privatisation […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: