UEM land, which is part of UEM plans to buy over Sunrise bhd for 1.4 billion. People can give all sort of rationale for the purchase, but a more important question is why buy over Sunrise? The excuses given that UEM land has no expertise in some development areas is nonsensical I think. You can build highways, high-rise buildings; suddenly you say you don't have experience in building high end condos like those built by Tong's Sunrise.
How banal can this reasoning be? Suddenly, UEM land is brain dead to the extent that they cannot outsource people who can do the same thing as Sunrise has been doing all this while. It doesn't even have sense of pride by admitting it doesn't have the marketing skills? What have we spent government money on these many years? The bozos at UEM land should be sacked.
Second, why does UEM land need to buy over Sunrise? Can't it find any other Bumi property developer with substantial land holding if its land they are after?
I find this reasoning by a GLC that it does not have the expertise (which they can buy) very facile. My own feeling is that with this purchase some people will earn humongous commissions.
And talking about commissions- has MAS secured enough traffic volume to justify its gargantuan expansion? I think in 2 years, MAS will be coming around to see the government, with bowl in hand to ask for bail.
Have you seen the traffic on MAS's first class seats in recent years? They are dwindling and no marketing strategies seemed to be planned seriously. By the end of this year, MAS takes delivery of three units of Boeing 737-800. Over the next 4 years, it will take delivery of a further 32 units of 737-800s. In addition it will buy 15 airbus A330-300s from next year to 2015. It will also buy 6 units of A380-800 super jumbos. It has the option to buy 30 more airplanes.
So MAS has a spending model. It doesn't show us its revenue earning model. But never mind, I see huge commissions over this purchasing exercise.
I see chairman of Puncak Niaga and Syabas, Rozali Ismail doing another con job and pulling wool over our eyes. He has formed BAPAK an NGO designed to counter the onslaught by ANAK also an NGO formed by Felda settlers which is attacking the government.
The launching of BAPAK followed revelations that Syabas is seeking a bail out from the government. I have written about this. The formation of BAPAK is nothing more than an artful strategy by Razali Ismail to ingratiate himself to the government. Rumors have it that Rozali Ismail will get some water treatment deals in Sarawak.
When a business entity intends to issue bonds I am sure it has prepared a rigorous business model and submits it to the authorities. The brain boxes with the authorities will scrutinize the business plan and sagely nod their approval. Well, it now appears what the business entity submits was a con job to borrow money from unsuspecting and trusting public.
Let those who cheat the public eat cake.
courtesy of sakmongkol AK47
SYABAS and BAPAK is the difference issues even Rozali is a player. The affiliation of two issues just to tarnish his image.
ReplyDeleteWhat if I say Rozali is among the best leaders from Malay community that prove he's examplary corporate-man and meanwhile he's goog leader born in FELDA community.
Don't put the rumours issues in ur blog because it will lower ur credibility. U as a blogger, please don't speculate something just to attract the ads as ur monthly earnings. What are the evidences that claimed Rozali will get deals at Sarawak?
What's wrong Rozali form BAPAK? He has right because he was a Chairman of GWGF. BAPAK is a mechanism to collect and solve any grass root problems and facilitate FELDA as well.
ReplyDeleteBAPAK is a good model and I suggest any govt agencies or satutory bodies must have their public complaint mechanism to ease the public.
It's not a competetive challenge between ANAK and BAPAK but it's cooperative efforts for the sake of betterment of FELDA.
Well done, Rozali!