Rabu, 17 Ogos 2011

Philosophy Politics Economics

Philosophy Politics Economics

Tajuddin Bailout: GLCs Evasive in Disclosure

Posted: 17 Aug 2011 09:45 PM PDT

Pua: GLCs must reveal contents of Nazri's Tajuddin letter
By Yow Hong Chieh August 17, 2011

Pua lambasted the failure by MAS and TM to divulge the contents of Nazri's letter. — File pic
KUALA LUMPUR, Aug 17 — The government-linked companies (GLC) now suing Tan Sri Tajuddin Ramli must disclose the contents of Datuk Seri Nazri Aziz's letter to settle the cases, in the interest of transparency and corporate governance, DAP's Tony Pua said today.

The DAP publicity chief said there was no point confirming receipt of the de facto law minister's letter without providing details as shareholders and the public still did not have confirmation that the GLCs were told to drop their suits and seek an out-of-court settlement.

"Until today, we do not have confirmation of what exactly is in the letter. We have hearsay," he told reporters at DAP headquarters here today.

"It is ridiculous to say you received a letter but don't say what's in the letter. It's like I'm a company... and I announce that I got a contract but I don't tell you from who, I don't tell you the amount, I don't tell you how long the contract is and I don't tell you what the contract is about."

In separate filings made to Bursa Malaysia last night, Malaysia Airline System Bhd (MAS) and Telekom Malaysia Bhd (TM) confirmed receiving a letter from Nazri instructing them to drop their suits against Tajuddin and to seek out-of-court settlements.

Neither, however, revealed the contents of the letter in question.

Pua also highlighted what he claims to be "unjustified" interference by state investment arm Khazanah Nasional Bhd in GLC operations after several of them issued near-identical statements on Bursa Malaysia last night in connection with their suits against Tajuddin.

Both MAS and TM announcements read: "However to date, MAS/TM has not received any proposal for settlement from TSDTR, and is not engaged in any negotiation with TSDTR in regard [sic] to an out of court settlement of the legal suits concerning MAS/TM.

"As a general rule, MAS/TM is always open to explore an amicable out of court settlement in any dispute it is involved in, provided the Board of Directors of MAS/TM are fully satisfied that based on proper legal advice, a settlement and the terms thereof are in the best interest of the Company and its stakeholders."

Khazanah has a 48.83 per cent stake in MAS following last week's share swap with AirAsia, and a 36.78 per cent stake in TM.

"Did Khazanah draft this announcement for them or is it the respective boards and management crafting their own announcements?" Pua said.

"It's a massive, uncalled for and probably unjustified interference by a major shareholder in the regular operation of these GLCs."

Read the full article in The Malaysian Insider here.

Where's the Promised Tung Shin Report?

Posted: 17 Aug 2011 05:40 PM PDT

Liow 'very poor minister' for not releasing Tung Shin report, says Pua
By Yow Hong Chieh August 17, 2011

KUALA LUMPUR, Aug 17 — DAP publicity chief Tony Pua called Datuk Seri Liow Tiong Lai a "very poor health minister" for not releasing an overdue report on the use of tear gas and water cannon outside Tung Shin Hospital in the July 9 Bersih rally.

Pua pointed out that the public has "not heard a single sound" from the health minister since the latter announced on July 21 that his ministry would complete the report on the incident within two weeks.

"Four weeks later, we have heard absolutely nothing from the minister. I think it's a total cop out," Pua told reporters at DAP headquarters here today.The Petaling Jaya Utara MP was one of the thousands of Bersih rally demonstrators near the hospital on the fateful day.

"He doesn't dare admit the truth, he has no courage to admonish the police, and I think he makes a very poor health minister as a result."

Liow (picture) announced on July 14 that his ministry would set up a committee to look into allegations that police fired tear gas and water cannon into the Tung Shin Hospital compound to flush out Bersih protesters who sought refuge there during the chaotic July 9 rally.

He later said the committee, headed by Health Ministry secretary-general Kamarul Zaman Mohd Isa, would look into whether the safety of the hospital was compromised.

Liow, who is also MCA deputy president, has drawn flak from many quarters for denying that the police fired into the hospital despite photo and video evidence suggesting otherwise.

Police have denied firing tear gas and water cannons at Tung Shin, claiming tear gas fired outside the hospital was blown into its compound by the wind.

Join BN? Dream On!

Posted: 17 Aug 2011 07:38 AM PDT

DAP tells Nazri to 'dream on' that it will join BN
By Debra Chong August 15, 2011

KUALA LUMPUR, Aug 15 — Senior DAP leaders today laughed off an offer from Barisan Nasional (BN) Cabinet member Datuk Seri Nazri Aziz for the opposition party to join the ruling coalition and swell its ranks.

Both party adviser Lim Kit Siang and national publicity chief Tony Pua rejected Nazri's offer made yesterday in an interview with Chinese daily Sin Chew Daily, saying the DAP would immediately be forced into a racial mould the instant it joined the powerful coalition, which went completely against the party's beliefs.

"Nazri can dream on. He needs to get his perspective correct. We are not a representative of the Chinese community. We represent the Malaysian community at large," Pua told The Malaysian Insider today.

De facto Law Minister Nazri had purportedly extended the invitation based on the BN's predecessor, the Alliance's, past record in winning the opposition Gerakan to its side after the latter party took Penang in the 1969 general election.

Gerakan was among a host of parties that joined the three original Alliance members — Umno, the MCA and MIC — to form the BN in 1973.

While he acknowledged that the DAP remained a Chinese-dominated party that appealed largely to one ethnic community, Pua stressed that "they are not a racial party".

"We do not subscribe to BN's divide-and-rule ideology," he said.

"Only a new politics and a new national compact, breaking completely away from the politics of 'divide and rule' along ethnic lines, subordination of public interests to private greed resulting in destruction of independent national institutions, rampant corruption and cronyism where privatisation has become piratisation and NEP an instrument to foster Umnoputras in the name of Bumiputeras, can save Malaysia," Lim said, elaborating on Pua's remark.

Read the full article in The Malaysian Insider here.
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