Monday, March 11, 2024

Zahid's land corporation proposal is insidious, unfeasible

 


One proposal announced by no less than Deputy Prime Minister Ahmad Zahid Hamidi went relatively unnoticed at the recently concluded 

Anwar quietly approved this proposal to rob off the wealth of the hard working citizen especially the Chinese to be given freely to Bumiputra.

Bumiputra Economic Congress (BEC), where a slew of proposals for helping well-off bumiputra was unveiled.

It could be the most insidious and the one that is most patently unfair to other Malaysian citizens from whom part of their land would be taken away upon the renewal or even extension of leases.

According to Zahid, who is also the rural and regional development minister, the government plans to set up a Bumiputra Land Corporation (Perbadanan Tanah Bumiputra) to preserve land ownership, as part of an effort to strengthen the community by boosting its land ownership.

According to a report quoting Zahid, if the lease size exceeds 50 acres (20.23ha) for agricultural land or 20 acres for industrial use, the proposal calls for 20 percent of the land to be handed back to the government upon lease renewal or extension.

"The creation of a Bumiputra Land Corporation would signify a proactive measure aimed at ensuring a balanced racial demographic sustaining bumiputra businesses in agriculture, industry, and new settlements and preserving bumiputra ownership" he said.

Zahid envisaged that the returned portion of land would be then overseen by the corporation.

"I am confident that this initiative holds the potential to yield substantial returns and significant opportunities for bumiputra to posses a stake in the nation's land assets" he added.

Tremendous implications

One hopes that this badly conceived scheme is still at the proposal stage and will not see the light of day.  The implications are tremendous.  Note that all agricultural land above acres will come under this and 30 acres for industrial land.

If you had a small plantation of 50 acres growing oil palm for instance, and if you were non-bumiputra (I'm assuming this stipulation does not apply to bumiputra companies) you have to give up 10 acres upon lease renewal or even a mere extension.

That means you will lose too the yearly output that you get because the area planted will be reduced by 10 acres.  The amount of fresh fruit bunches decreases by 20 percent and so will your revenue.  Profit may decrease even more than that because of loss of economies of scale.

Let's say down the road you have an oil palm mill, logistics centre and office premises amounting to 20 acres, you suddenly have to carve out four acres for allocation to the Bumiputra Land Corporation.

Presumably, the corporation will hand it over to a privileged bumiputra who can then sell it back to the original lessor for a huge premium.  What a quick and easy way to make money and for the government to hand out patronage to its own people.

It beats even approved permits and rivals that infamous 30 percent bumiputra equity stipulation.

Something like this could only have been conceived by an UMNO minister who will have the necessary audacity, the sense of entitlement and the complete lack of ethical behaviour to suggest such a one-sided deal.

Imagine the kind of havoc it will cause- factories, offices, plantations, food production etc. Right now, almost all leases are automatically renewed on the payment of a premium and business continuity is assured.

Let's take Malaysia's largest plantation - Sime Darby - which has estimated planted acreage of 730,000 acres in Malaysia. Sime Darby may not be considered a bumiputra company because of its diverse shareholders.

That would mean that it will eventually have to give up 20 percent of its plantations in Malaysia or 146,000 acres.  Using a very conservative estimate of RM10,000 per acre, that alone is worth RM1.46 billion.  Potentially, billions of ringgit of properties are involved across all businesses.

The result of this ill-considered move to surrender 20 percent of larger tracts of land upon lease renewal or extension is a huge business disruption and the abuse of allocation of land to privileged bumiputra, two things we really don't need.

Unless strictly necessary, leases are not normally terminated or withdrawn.  This practice ensures fairness to all landowners and assurance that businesses of all kinds have reasonable certainty that they can operate in a system which is fair, equitable and reasonable.

Why, the move could be even against the Federal Constitution that stipulates that everyone is treated equally under the law.  It implies that people cannot have their property taken away through any process and then redistributed to others.

Zahid's proposal should be nixed in the bud forthwith before it becomes a needless contentious and divisive issue.

P GUNASEGARAM says proposals should be vetted for fairness and feasibility before they are made public.

Taken from Malaysiakini columns.

A THIEF WILL ALWAYS REMAIN A THIEF TILL DEATH IS UPON HIM


Friday, March 1, 2024

Easy to TALK

 

PM wants IRB to collect more revenue than projected in 2024

Companies and individuals urged to step forward and pay their taxes.


CAN TAKE IMMEDIATE STEPS TO DEMAND THE ABOVE 

TWO AND EX MINISTERS TO PAY TAXES?

THAT CRIMINAL WHO JUST PASSED AWAY HAS NEVER 

PAID ANY TAXES IN HIS WHOLE LIFE?

ANYONE DARE TO CONFISCATE HIS ASSETS WHICH 

WAS STOLEN FROM THE SARAWAKIANS? 




Ministers involved in corruption must 

be dropped from Cabinet - PM Anwar

WHAT ABOUT THE ABOVE TWO, ZAFRUL AND ZAHID 
CORRUPTION? 

 

Tuesday, February 27, 2024

Can we have Mega Rally for high cost of living?

 'Mega' rally for Palestine in KL this Saturday


THE ONE RACE IS DEFINITELY GOING TO THE LONGKANG.
WITH HIGH COST OF LIVING, THE ONE RACE IS NOT INTERESTED TO RALLY FOR THEMSELVES.
INSTEAD THEY SHOW THEIR STUPIDITY TO THE FULLEST.
I CONVERTED TO ISLAM BECAUSE DURING THOSE EARLY DAYS, THE MUSLIM CARE ABOUT THEMSELVES AND NEIGHBOURS.
TODAY THE MUSLIM IN MALAYSIA DO NOT CARE ABOUT THEMSELVES NOR THEIR NEIGHBOURS.
THEY HARBOUR HATRED AND JEALOUSY TOWARDS NON MUSLIM.
TO THEM, PRAY FIVE TIMES A DAY IS GOOD ENOUGH.  GOD WILL TAKE CARE OF THE REST.
SO THEY SPEND THEIR TIME BEING ARROGANT AND SELFISH.
TO THEM IT IS HEROIC TO FIGHT AND SUPPORT FINANCIALLY TO PALESTINE/HAMAS.
NOT KNOWING THAT THE BACKLASH OF THE FALLING RINGGIT IS BECAUSE OF THAT.
MALAYSIANS ARE BASICALLY INVITING THE BOMBS TO FALL ON US.
2024 IS KARMA YEAR.
I HAVE PROOF OF THAT BECAUSE AT THE BEGINNING OF THE YEAR, 3 RASCALS GOT HIT HARD BY LOSING THEIR JOB AND BUSINESS.
WHAT THEY CONDEMN OTHERS HAS RETURNED TO HURT THEM BIG TIME.

THE SO CALLED MEGA RALLY WILL GIVE MORE REASONS FOR THE INVITATION TO BOMB MALAYSIA.
DO THE ONE RACE CARE???


Saturday, February 24, 2024

History will remember the most rapacious man in Sarawak



No one can be humble sitting on top.

They usually turn into dictators after sometime.

In Malaysia it takes 1 year for the ones on top to be greedy and arrogant.

Today the ones in the Cabinet have proven that.

But there are exceptional ones like those in DAP, who work like donkey getting no respect from the one race. But on the whole 33 million Malaysians appreciate DAP are the only ones working in Putrajaya.

People like Zuki and Johan who are mere government servants are multi millionaire.

One wonder where their assets and money come from?

I truly believe those top guns in Putrajaya got a hidden vault whereby they can freely access to them.

The following are lands stolen and taken by force by the most rapacious man in Sarawak.

1.      750 hektar ... di Sungai Lubai Tengah, Limbang Sarawak Plantations Entiti perniagaan ini telah diswastakan, 60% pegangan saham dimiliki oleh Hamid Sepawi (sepupu Taib) & Hasmi b Hasnan.

2.      4,400 hektar ... di Sungai Medalam, Lawas Celerity Design Sdn. Bhd - Abu Bekir Taib (anak Taib)

3.      9,000 hektar ... di Batang, Limbang Future Atmosphere Sdn. Bhd. - Abu Bekir Taib.

4.      11,000 hektar di Ulu Medamit, Limbang - Dataran Aras Sdn. Bhd - Abu Bekir Taib.

5.      3,000 hektar ... di Tinjar, Miri - Amazing Green Sdn. Bhd - Teresa Toyad (keluarga Taib yang berkahwin dengan Bekas Setiausaha Kerajaan Negeri) & CEO kepada SCORE Wilson Baya Dandot.

6.      750 hektar ... di Jalan, Miri.

7.       2,000 hektar ... di lokasi penting lapangan terbang, Miri - Kumpulan Parabena Sdn. Bhd & Mesti Bersatu Sdn. Bhd. - Taib Mahmud & Raziah Mahmud.

8.      500 hektar ... di Sungai Sibuti, Miri - Premium Haven Sdn. Bhd - Abu Bekir Taib.

9.      5,000 hektar ... di Sungai Teru & Batang Baram - Essential Straits Sdn. Bhd - Abu Bekir Taib.

10.    1,100 hektar di Sungai Karap Umpama Mantap Sdn. Bhd - Abu Bekir Taib.

11.    10,000 hektar di Lot 1208 Sungai Karap - Abu Bekir Taib.

12.    50 hektar ... di Jalan Tusan, Sibuti - Ukiran Mantap Sdn. Bhd - Abu Bekir Taib.

13.    4,000 hektar di Sungai Bok, Tinjar - Log Oak Promotion Sdn. Bhd - Abu Bekir Taib.

14.     4,500 hektar di Sungai Tutoh Syarikat Radiant Lagoon - Abu Bekir Taib.

15.     5,000 hektar di Sungai Karap & Sungai Kulak - Amgreen Gain Sdn. Bhd - Ibrahim Mahmud (abang/adik Taib)

16.    50 hektar ... di Sungai Karabungan, Niah - Hamid Sepawi (sepupu Taib) & Hasmi b Hasnan.

17.    31,000 hektar ... tanah NCR di Long Lamai - Merawa Sdn. Bhd (anak syarikat Samling Global)

18.    2,600 hektar di Jalan Setium - Mega Bumimas Sdn. Bhd (anak syarikat Ta An - Hamed Sepawi (sepupu Taib)

19.    10,000 hektar di Similajau - Sahua Enterprise Sdn. Bhd - Mohamid Morshidi bin Abdul Ghani (Setiausaha BN Sarawak)

20.    4,500 hektar ... di Similajau - Derawan Sdn. Bhd - Mohamid Morshidi bin Abdul Ghani (Seiausaha BN Sarawak)

21.    15,000 hektar ... tanah NCR kaum Penan di Ba Jawi Samling Plywood (Miri) Sdn. Bhd.

22.    1,600 hektar di Setuan - Hasmi Hasan (proksi Taib)

23.    10,000 hektar di Sungai Takan & Ulu Sungai Nyatak, Tatau - Ikrar Bumi Sdn. Bhd. - Elia Geneid (anak Saudara Taib)

24.    8,000 hektar ... di Balingian (sebahagian besar kawasan ini asalnya adalah hutan simpan Setuan Besar) - Saradu Plantations Sdn. Bhd. Organic Treasure Sdn. Bhd & Kumpulan Parabena Sdn. Bhd - Raziah Mahmud (adik Taib) & Robert Geneid (ipar Taib)

25.    10,000 hektar di Ulu Mukah - Sarawak Plantations Entiti perniagaan ini telah diswastakan, 60% pegangan saham dimiliki oleh Hamid Sepawi (sepupu Taib) & Hasmi b Hasnan.

26.    5,000 hektar di Mukah - Delta Padi Sdn. Bhd (Taib Mahmud) & LCD (pengerusinya ialah Taib Mahmud)

27.    5,000 hektar di Sungai Bawan - Palmlyn Sdn. Bhd, Taib Mahmud & Arip Mahmud.

28.    13,000 hektar di Sungai Bawan Golden Star Ace Sdn. Bhd - Taib Mahmud & Arip Mahmud.

29.    4,000 hektar di Sungai Sikat, Mukah - Belia Magic Sdn. Bhd - Abu Bekir Taib.

30.    5,000 hektar di Kenyana Rajah Mutiara Sdn. Bhd. - Taib Mahmud & Arip Mahmud.

31.    2,000 hektar di Loba Kabang - Victoria Square Development Sdn. Bhd - Ibrahim Mahmud (abang/adi Taib)

32.    2.050 hektar di Penasu Igan - Victoria Square Development Sdn. Bhd - Ibrahim Mahmud (abang/adik Taib)

33.    5,000 hektar di Antara Batang, Oya & Batang Mukah - Kub Sepadu Sdn. Bhd - Hamid Sepawi (sepupu Taib)

34.    10,500 hektar di Sungai Retus - Hariyama Sdn. Bhd - Taib Mahmud & Arip Mahmud.

35.    768 hektar ... di Pasai Siong, Sungai Retus - Masretus Oil Palm Plantation Sdn. Bhd - Ibrahim Mahmud (abang/adik Taib), Yahya bin Ibrahim (anak saudara Taib) & Mahmud bin Ibrahim (anak saudara Taib)

36.    400 hektar ... di Tulai Meradong - Delta Padi Sdn. Bhd (Taib Mahmud) & LCD (pengerusinya ialah Taib Mahmud.

37.    2,000 hektar ... di Batang Lebaan, Sibu - Delta Padi Sdn Bhd (Taib Mahmud) & LCD (pengerusinya ialah Taib Mahmud)

38.    100 hektar ... di Sungai Lengan, Sibu - Delta Padi Sdn. Bhd (Taib Mahmud) & LCD (pengerusinya ialah Taib Mahmud)

39.    600 hektar ... di Sungai Melayu, Meradong - Sarawak Plantations - Entiti perniagaan ini telah diswastakan) 60% pegangan saham dimiliki oleh Hamid Sepawi (sepupu Taib) & Hasmi b Hasnan.

40.    1,113 hektar di Batang Lassa - Europalm Sdn. Bhd (anak syarikat Ta Ann Holdings) - Hamid Sepawi (sepupu Taib)

41.    1,500 hektar ... di Jin Matu, Daro - Europalm Sdn. Bhd (anak Syarikat Ta Ann Holdings) Hamid Sepawi (sepupu Taib)

42.    90 hektar ... di Kampung Tebang, Batang Lassa, Daro - Multi Maximum Sdn. Bhd (anak syarikat Ta Ann Holdings) Hamid Sepawi (sepupu Taib)

43.    15,000 hektar di Pulau Bruit - Eastern Eden Sdn. Bhd & Poh Zhen Sdn. Bhd - Arip Mahmud (abang/adik Taib), Ali Mahmud (abang/adik Taib) & Azerina Mohd Arip (ipar Taib)

44.     7,700 hektar di Paloh Delta Padi Sdn. Bhd (Taib Mahmud) & LCDA (pengerusinya ialah Taib Mahmud)

45.    9,000 hektar ... di Sungai Selepong & Sungai Kawasan - Ample Agro Sdn Bhd - Fatimah Abdul Rahman (kakak/adik kepada YB Norah binti Abdul Rahman yang juga sepupu Taib)

46.  5,000 hektar ... di Sungai Selepong & Sungai Kawasan - Ample Agro Sdn. Bhd - Fatimah Abdul Rahman (kakak/adik kepada YB Norah binti Abdul Rahman yang juga sepupu Taib)

47.    70,000 hektar di Bijat Land District, Sri Aman - beberapa buah syarik yand diuruskan oleh Titanium Management Sdn. Bhd - Abu Bekir Taib (anak Taib Mahmud)

48.    2,300 hektar ... di Sungai Klauh & Sungai Dor - Tabaruk Abadi Sdn Bhd - Ali Mahmud (abang/adik Taib Mahmud)

49.  700 hektar ... di Sungai Batang Klauh - Sarawak Plantations Entiti perniagaan ini telah diswastakan 60% pegangan saham dimiliki oleh Hamid Sepawi (sepupu Taib) & Hasmi b Hasnan.

50.    900 hektar ... di Melugu, Sri Aman - Sarawak Oil Palm - Entiti Perniagaan ini juga telah diswastakan, 60% pegangan saham dimiliki oleh Hamid Sepawi (sepupu Taib) & Hasmi b Hasnan.

51.    7,000 hektar di Simunjan Gedong Plantation Sdn. Bhd - Naroden Majais (ahli politik BN)

52.    5,000 hektar di Batang Sadang - Indranika Jaya Sdn. Bhd - Naroden Malaysia (ahli politik BN)

53.    5,600 hektar ... di Batang Sadong - Hydroflow Sdn. Bhd - Naroden Majais (ahli politik BN)

54.    700 hektar ... di Antara Sungai Igom - Poliga Sdn. Bhd - Ahmad bin Su'ut (bomoh Taib Mahmud)

55.    1,000 hektar ... Sarawak Plantations - Entiti perniagaan ini telah diswastakan, 60% pegangan saham dimiliki oleh Hamid Sepawi (sepupu Taib) & Hasmi b Hasnan.

56.    500 hektar ... di Munggu Kupi, Serian - Ahmad bin Su'ut (bomoh Taib Mahmud)

57.    354 hektar ... tanah NCR penduduk Kampung Segenam, di antara Batang Sadong & Ensengai Road, Serian - diberikan kepada Usaha Jasamaju Sdn. Bhd - pemegang saham Usaha Jasamaju Sdn. Bhd ialah Asset Teamwork Sdn. Bhd (125,000 unit saham) Ting Kang Haw (187,500 unit), Betty Yii Pick Koung (7,500 unit), Wong Kuok Kai (325,000 unit), Lau Hie Ping (75,000 unit), Wong Kuo Hea (375,000 unit), Knightswealth Sdn. Bhd (50,000 unit), Chai Min Kian (125,000 unit), Lim Choo Tad (25,000 unit), Siew Meng Kun (55,000 unit), Century Merit Sdn. Bhd (125,000 unit), Transwill Sdn. Bhd (125,000 unit) & Butrasemari Sdn. Bhd (900,000 unit) - Nota : Lau Hie Ping, Wong Kuo Hea, Lim Choo Tad, Siew Meng Kun daripada Ta Ann Holdings & Chai Min Kian adalah politikus parti komponen BN Sarak iaitu SUPP, Butrasemari Sdn. Bhd berkait dengan Abdul Hamid Sepawi (proksi Taib Mahmud) yang merupakan Pengerusi Eksekutif Ta Ann Holdings.

58.    3,305 hektar ... di Sebangan - Quality Concrete Holdings Berhad - Raziah Mahmud (kaka/adik Taib)

59.    10,000 hektar di Sungai Bakong & Sungai Karap - Polar Red Sdn Bhd - Abu Bekir Taib (anak Taib Mahmud)

60.    700 ekar (283 hektar) di Batu 13, Kuching - Mesti Bersatu Sdn. Bhd, LCDA (pengerusinya ialah Taib Mahmud) & Lanco Plantations (keluarga Arip Mahmud - abang/adik Taib)

61.    1,300 hektar ... di Kemajuan, Lembaga Sarak Plantations - Entiti perniagaan ini telah diswastakan 60% pegangan saham dimiliki oleh Hamid Sepawi (sepupu Taib) & Hasmi b Hasnan.

Taib's wealth is estimated at AS$15 Billion (RM46 Billion) 

Family wealth  is estimated at AS$21 billion (RM64 Billion).

THERE ARE MORE ASSETS OVERSEAS THAT ARE NOT ACCOUNTABLE FOR.

NO TAXES WERE PAID DURING HIS LIFE TIME.

THAT IS THE BENEFIT OF THE ONES IN POWER.

TODAY TAIB MAHMUD HAS GONE TO THE OTHER SIDE TO STEAL MORE.


Friday, February 23, 2024

When was he ever a Businessman?

 Businessman sues Chegubard, Afif Bahardin for defamation

Former Anwar Ibrahim aide says the pair claimed he is the nation’s spy chief and smeared his character.

 


THERE ARE SO MANY SO CALLED EXPERTS, BUSINESSMEN, TALENT SCOUT AND ADVISORS AFTER PMX FORMED THE GOVERNMENT.

THESE PEOPLE ARE INTO COMMISSION AND BRIBES.

TODAY MALAYSIA IS IN A MESS BECAUSE THEY CONTRIBUTED TO THE CAUSE.

TO ME THEY ARE NOTHING BUT THUGS AND OPPORTUNIST. 

Thursday, February 8, 2024

Shafee confirmed Agong Wanted To Give Full Pardon

 


I DO NOT WISH PDRM IN MY HOUSE.
I DO NOT WANT TO BE CHARGE AGAIN.

ALL I CAN SAY IS TOO MANY COOKS SPOIL THE SOUP.

33 MILLION MALAYSIANS LOOKING FOR A STERN LEADER WHO HAS THE GUTS TO DO RIGHT.
MEANWHILE WE HAVE TO ACCEPT THE ONES IN POWER WILL CONTINUE TO PLAY US OUT.

Zahid's land corporation proposal is insidious, unfeasible

  One proposal announced by no less than Deputy Prime Minister Ahmad Zahid Hamidi went relatively unnoticed at the recently concluded  Anwar...