Press statement by YB Zuraida on NFCorp’s failed takeover by Japanese company

Press statement by YB Zuraida on NFCorp’s failed takeover by Japanese company

Prime Minister Najib Razak should just liquidate the National Feedlot Corporation and recover the RM250 million soft loan that was given to the agricultural company run by Sharizat’s family. That is the only way to hold Sharizat’s family accountable for the mismanagement of funds. The board of directors which includes Sharizat’s husband and children inappropriately spent the people’s money on luxury items unrelated to the agricultural business like purchasing high-end condominiums and prestigious cars.

It is simply illogical that any company would want to inject RM20 million into a debt-ridden company that operates at a loss with no foreseeable opportunity for a turnaround. For Kirimitomas Agro to even consider a deal like that, we can only imagine what negotiations went on behind closed doors. Regardless, it is still not a worthwhile deal.

Kirimitomas Agro would be better off just starting with a clean slate with no encumbrances. In fact, there are qualified local companies that are equally suitable to provide similar services to the public. Malaysia is an agricultural-based country and the government should have no problems at all identifying experienced companies with good track records. This is in contrast to the NFC, a company that does not even have a track record to begin with.

Since the NFC expose, ‘Condo Lembu’ has become a household name. The severity of the matter goes to show that our country sorely needs transparency and good governance. The ‘gravy train’ has been practiced for far too long and people should be made aware that this habit is selfish and deprives our children of a good future. It is morally wrong and it is ethically wrong. As they say, monkey see, monkey do, and we need leaders who can show a good example. If the big boss ‘makan’, the small ones ‘makan’ too. We do not want this culture to be cultivated any further. Instead, we should focus on transparency, good governance and efficiency.

Kirimitomas Agro Sdn. Bhd. (KASB) is a joint venture between Otoshitos Sdn. Bhd and Hannan Food Group. Prime Minister Najib Razak announced KASB as willing parties to take over the scandal and debt-ridden National Feedlot Corporation in April this year but replied in parliament yesterday that the deal has fallen through.

YB Zuraida Kamaruddin

Ahli Parliament Ampang

24/10/13

Hello Kitty proves action speaks louder than words

Hello Kitty proves action speaks louder than words Hello Kitty does not have a mouth. She speaks with her heart. Worldwide novelty ‘Hello Kitty’ had Singaporeans queuing up and tussling over a limited edition toy kitten dressed in skeleton outfit from a German fairy tale known as ‘The Singing Bones’. McDonald’s Singapore sold the toy, as the last in a series of six, which began early June. The last frenzy was Hello Kitty dressed in wedding attire in 2000. Despite having stocked up on 40% more on collectible Hello Kitty toys this year and limiting each customer to only 4 toys each, McDonald’s claim that the response for the Fairy Tale series had been overwhelming. The fast-food chain announced last Thursday that the iconic toy had been sold out, much to the disappointment and frustration of many enthusiastic collectors who braved the haze in an attempt to get their hands on the plush toy. Singapore wasn't the only country bogged by this phenomenon. Malaysia a...

Teng: It's not a scam

Press Statement by Penang Gerakan State Chairman Dato’ Dr Teng Hock Nan May 11, 2011 Penang Gerakan chief Dato’ Dr Teng Hock Nan pointed out today that the then State Exco did not at all offer compensation of RM1.8mil to Tang Hak Ju as compensation over a land case in Bukit Mertajam in 2004. “In fact, it was Tang who had demanded the sum from the previous state government. The State Exco decided that the amount he wanted should be justified with supporting documents including receipts on the amount of money he had spent in relation to the case. The decision was conveyed to Tang who could not produce the documents and did not come back to us. He then went to Court to seek redress,” said Dr Teng in a statement. Dr Teng, who was then a State Exco member, said the matter was clearly stated in the White Paper which was tabled at the State Assembly yesterday. “According to the White Paper, it was a technical mistake and negligence on the part of two government officers and there...

Tap tourism market potential in Greater Bay Area, says Wong

This article was published in TheSun on 19 August 2024. Tourism and Creative Economy executive councillor Wong Hon Wai said that there is great tourism potential in China’s Greater Bay Area, including Hong Kong. He also said that Penang should explore and expand its market share due to the Greater Bay Area’s large population of 86 million people, and economic strength. “Hong Kong alone has a population of 7.5 million people,” he said. “We warmly welcome more tourists, business professionals, and students from Hong Kong and the Greater Bay Area to Penang, a unique city that blends East and West, tradition and modernity,” Wong said in a statement on August 14. He said that the Greater Bay Area encompassing Hong Kong, Guangdong and Macao, share deep linguistic and cultural ties with Penang. He also highlighted that the Penang populace was generally proficient in multiple languages and dialects which would ease communication challenges. “Those who love cultural heritage...

Carolyn Khor's blog

Search This Blog