Loss-making Sarawak Cable Bhd (SCable) says it has received approval from the Corporate Debt Restructuring Committee (CDRC) to help the company and certain of its subsidiaries resolve debt issues with their respective lenders…
In a bourse filing today, SCable said it had received a letter on Aug 7 from CDRC, approving the company’s application for assistance to mediate with its creditors.
“This is part of the company’s proactive effort in managing its debt exposure to safeguard (the company and certain of its subsidiaries), whose core businesses are still viable.
“Further announcements will be made in due course, as and when appropriate,”
When the Taib family muscled in on the cable business to set up this enterprise back in 2009, the game plan was to scoop up all the profits transporting vast quantities of hydro-power commissioned by the Chief Minister out of the public purse.
Taib’s son Abu Bekir was covertly sitting on no less than 42% of the shares (illegal in the case of a publicly listed company) when we exposed the fact back in 2010.
No surprise that Taib as Chief Minister then proceeded to push all the contracts he could the way of the company, fawning in the flattery of courtiers who knew he liked to be called CEO of the state.
In fact, the Taib’s are magnificent thieves, but have shown absolutely zero skill when it comes to productively managing commercial enterprises. Take one look at the awful record of another of Abu Bekir’s companies, Titanium Management over its failure to complete the huge bridge building contract handed him by his Dad at around the same time.
Of course, he was paid off handsomely for his failure – Daddy made sure of that. However, there is no reason whatsoever for Bank Negara Malaysia to step in to help this other predictably failing venture. If the Taib’s have discovered their dams have few customers and Sarawak Cable can’t make money then they have plenty of their own looted cash to bail out the company and it is this that should be used.
No more public money federal or state should be channelled into this greedy family. It is time for the forces of law and order to reverse the entire process and get all this stolen money back.
Gabungan Parti Sarawak (GPS) is comfortable and prefers to move on its own rather than joining any political party from Peninsular Malaysia, its chairperson Abang Johari Tun Openg said.
Abang Johari, who is Sarawak chief minister, said that they are now focusing on the development of the state and wanted to give back to the people.
“We prefer to be on our own. If we take good care of our ‘home’, then many people will come to invest,” he told reporters after officiating the Centexs-SMA Safari 2019 in Kuching today.
Abang Johari said this in response to Umno and PAS’s collaboration which saw the two Malay-based parties signing a political cooperation memorandum charter known as the “National Consensus Charter” today.
Nice try Abang Jo.
Whilst UMNO and PAS continue to splash stolen cash stoking divisive bigotry in their gambit to entice people to forget theft and betrayal in favour of hateful racism, he is trying a different version of the same game in Sarawak.
He is seeking to portray GPS as ‘independent’ and rubbish parties that seek to enhance equality, bring social justice as being ‘outsiders’.
The present toxic nature of UMNO/PAS can never appeal to East Malaysia, however Sarawak’s current rulers cannot disguise their own past actions.
The leaders of GPS jumped to KLs tune for decades (they still do) and handed away virtually all Sarawak’s oil revenues in a dark pact that gave them free rein to rape the state of its timber and native lands and hand out contracts to themselves.
It was Abang Jo’s party that changed the state land codes time and again so politicians and their cronies could seize Native Customary Lands and it still is his party that is continuing to refuse to reform those land grab laws.
Now they have run out of revenues from timber, plantations, botched industrialisation and all the rest, these same Jackanapes are now finally playing catch up by asking for more oil revenues.
Where do Sarawakians think that money would go were these scoundrels from GPS to get their hands on it?
To ordinary Sarawakians? To improve services?
It is time Sarawak showed these thieves who is boss and voted them out – and the next lot too if they don’t immediately carry out their promises to undo the greed and corruption of 50 years of Taib Mahmud and his grasping family and hangers on in GPS.
Sarawak has reduced the rate of absolute poverty among its people, including those who live in the rural areas, said Chief Minister Abang Johari Openg.
Touching on a United Nations report which said the percentage of low-income earners in Sarawak is higher than the national-level figure, he said the methodology to measure the poverty rate should be checked…
Abang Jo opines that the cashless Sarawakian poor should not be described as being in poverty by the UN because ‘they have land’ and they just need ‘education’ on how to ‘monetise’ it.
This from the leader of a government that has spent the past five decades stripping that land of timber, destroying it for farming and hunting and passing laws to remove ownership from the native people and place it in the hands of their own family members and crony businessmen.
Have no fear, the BN plunderers have been monetising the stolen land for all its worth, they just haven’t passed any of that cash on to those rightful owners and nor have they been ‘educating’ them on how to get a fairer deal.
On this subject of ignorance and education, Governor Taib Mahmud’s lawyer Alvin Chong was caught on camera sneering at native collaborators in this theft, calling them “one-eyed men in the land of the blind” for signing away land on behalf of their villages for a few thousand ringgit or agreeing to act as proxies for thief politicians and business cronies.
At the same time Taib’s neices claimed the land belonged to the state and the natives were squatters.
The reason Sarawakians are poor is down to the greed of Abang Johari’s boss Taib Mahmud and the whole edifice of rent seekers and thief businessmen (including the present chief minister) whom he has allowed to leech off the people of the state and their battered lands.
He has deliberately kept them ignorant of their opportunities to sustainably manage their lands to produce cash for families, preferring to steal from them instead.
Parti Pesaka Bumiputra Bersatu (PBB) will only pick married women as election candidates if they have the support and approval of their husbands, its president Datuk Patinggi Abang Johari Openg explained today.
He said this had been one of the criteria when picking married women as election candidates since the days of Tun Abdul Taib Mahmud as party president and chief minister. “If the (married) women do not get the full understanding of their husbands, then we will not pick them,”
Abang Johari said when responding to calls from women participants at a dialogue with him before the closing of the Women Leadership Training Programme here. The women participants, among others, called on PBB and other component parties of Gabungan Parti Sarawak (GPS) and the state government to ensure that 30 per cent of state and federal lawmakers in Sarawak are made up of women.
They also called on the state government to fill 30 per cent of the total number of councillors of the local councils and management of state-owned agencies with women. Abang Johari, who is also the chief minister, said getting husbands’ blessing is important as PBB does not want to destroy the family institution with the involvement of women in active politics.
Such pompous patronising patriachy from the boyish CM should alert all women what to do with their votes – put them anywhere but PBB.
Who is he to seek a husband’s permission for a candidate to represent her community (no mention of checking out husbands with their wives)? By extension, these women would have to look for orders from their unelected spouses over which way to vote.
In the modern era, even apparent dinosaurs like this Boy Rider CM must notice women occupy leadership roles successfully all over (including in Malaysia and across the Muslim world) without being treated like children by their husbands.
Women are equipped to do a great deal things more than ‘breastfeeding’ the only activity that springs into the limitd mind of the Sarawak CM – and what’s more they do lots of things at the same time as well.
Women still work in fields producing the family food with babies on their backs, in many places, while their husbands snore under trees. Time for Abang Jo to go find his tree and let women show they can ride motorbikes just like him, lead countries and do anything he can do (often at the same time) and a lot more he can’t.
Sarawakians must reject bad political culture brought from Peninsular Malaysia, says Chief Minister Datuk Patinggi Abang Johari Tun Openg.
According to him, the Gabungan Parti Sarawak (GPS)-led state government would exercise its power to prevent such ‘foreign’ culture from entering Sarawak and influencing its people.
Sarawak’s immigration power, he points out, must be protected at all cost to prevent the entry of such culture that is not appropriate in Sarawak.
Abang Johari, who is also GPS chairman, says while he is not scolding the peninsula people, at times they can ‘just too extreme’.
This ex-BN outfit is seeking to impress Sarawakians with a very old story line that they have pulled out time and again for decades – in the same way they have time and again promised ‘progress and development” that has never happened.
These guys posture as ‘independent’ leaders, fighting to ‘keep UMNO out of Sarawak’ and now presumably Pakatan, DAP and Bersatu. But, the truth of the matter is these Taib cronies have always proved willing to act the catspaw of whoever is in power in the federal governmnent as long as they can be left alone to plunder their own people.
Hence the moment BN lost GE14 they switched sides and pledged support for PH instead – some independence!
What these Taib cronies actually don’t want to see is the Culture of Clean-Up entering Sarawak, They don’t want any investigations or dreaded prosecutions of greedy kleptocrats to start entering their shores as is now happening in the rest of Malaysia, including in neighbouring Sabah, where the people are pleased to see their local crooks being brought to justice.
And heaven forbid there should be any ‘quarrelling’ about who should be leader. What ‘foreign’ nonsense!
In Sarawak Taib decides who is the boss and ultimately it is himself and his ancient team of cronies, who have run the state and helped themselves for decades.
You can’t have anyone challenging the Taib family hegmony or allowing for ‘foreign ideas’ like the principle of democratic change, which was established at the time of independence but conveniently stifled from birth thanks to the ’emergency’ removal of a leader who stood up for native land rights.
So expect ‘immigration power’ to be used to keep out Bersih reformers, anti-corruption NGOs and PH politicians (though supposedly GPS’s federal allies) as well as the likes of Sarawak Report.
However, do not expect to see the removal big time UMNO crooks; dirty western and Chinese businessmen; PAS supremacists in their fancy cars (however much the CM may try to play the religion card) or any other of these sorts of foreign influences, who will remain welcome visitors to help Taib’s people pilfer the last of what is there is left to steal in Sarawak.
Meanwhile, the encroachment of West Malaysian culture and money politics over Sarawak life is something which these ex-BN now GPS leaders have in practice openly funded and encouraged over several decades. So, it is a bit late to pretend otherwise.
Former BN chief Najib Abdul Razak has been appointed as the chairperson of the coalition’s advisory board today.
Umno secretary-general Tengku Adnan Tengku Mansor made the announcement in a statement today.
“Former prime minister Najib has been unanimously appointed by the BN supreme council that has met tonight, as the BN advisory board chairperson.
Once again Najib ascends to the Chairmanship of an Advisory Board. Clearly, the move is UMNO’s idea of a defiant gesture.
Elsewhere it has provoked laughter.
However, there is little to laugh about in such blatant lack of remorse from a party and a man under whose ‘Advisory Board Chairmanship’ billions were looted from public pension and other funds in the name of development.
Clearly, Malaysia has a willing repeat offender on its hands and the courts and voters should judge both with that point in mind.
The Primary Industries Ministry is hoping to work with the Education Ministry to introduce knowledge about palm oil into school textbooks, says Teresa Kok.
The Primary Industries Minister said she had written to Education Minister Dr Maszlee Malik requesting to include information about the palm oil industry in school textbooks.
“At the moment, only the Geography subject has something about palm oil but most people don’t know about its health benefits.
“But we will have to wait for a curriculum review before deciding what information and knowledge can be included,” she said during a Hari Raya open house in her Seputeh constituency Sunday (July 7).
“Rural students’ knowledge of palm oil is there but we need to spread this information to urban students.
“We hope that the Education Ministry will help us hold palm oil awareness sessions.
“We can even take students to plantations to better understand the product,” she said.
Kok hoped that schools and parents would work together to spread awareness about palm oil.
The minister came under fire recently after she criticised an international school for putting up a play on oil palm plantations.
On Tuesday (July 2), Kok described the performance as “sowing hatred” towards oil palm plantations among pupils.
Little Children, our benevolent minister has received funding from her very wealthy sponsors at the Malaysian Palm Oil Board to bring you the FACTS about our national indigenous plant, the palm oil tree, on behalf of whose dignity our country plans to wage what is known as an international TRADE WAR.
Section 1 – Trade War:
Your duty during this Trade War will be to consume as much palm oil as possible, because although it is extremely fattening and Malaysians are already the obesity case of South East Asia we have what is known as a GLUT. It is not poisonous (in fact there is no health-giving property which we do not claim for this product) but our customers in the west have decided it is irresponsible of them to encourage the use of palm oil for bio-fuel as well as all the other products they use it for and we have over-planted, so we have to ram it down domestic throats instead.
Meanwhile, we ought now to HATE these foreign customers for their churlish decision to act responsibly over products like coal, gas, oil, and palm oil . They say these trigger climate change and species extinction, but remember this theory is a lie. Here in Malaysia we are CLIMATE SCEPTICS and you will fail your national tests if you spout nonsense about global warming, which all foreign scientists say is true.
We realise all those protestors in foreign countries against species extinction, shedding silly tears for Orang Utan, are actually paid agents of our commercial rivals – hundreds of thousands of middle class campaigners working on behalf of the soya bean lobby and European rape seed industry. They get RM10 and a free lunch each time they march, just like BN voters in Malaysia. We need to make our own troops to march against them for the dignity of our nation – free spoons of palm oil all round!
Section 2 – Punishments for Offenders:
That Greta girl from Sweden should go to jail for acting like she has an opinion of her own and telling grown ups what to do. Watch grown people all over Europe who praise and pander to her. Any Malaysian child caught spouting similar nonsense and arrogance towards adults must be whipped for their own good (lucky we still allow our teachers to correct young minds the old-fashioned way).
And who are these foreign customers to accuse our rich logging tycoons turned plantation owners and all their political patrons and shareholders of being greedy, irresponsible and corrupt? Why blame these billionaires for the species extinctions, environmental degredation, land grabs from native people, pollution and global warming, when hundreds of years ago some other people also logged Europe and China forcing their present expats to look for other places to plunder easy resources from?
So, Malaysian children remember the slogan and repeat:
“swallow, swallow, swallow your spoonfulls of greasy oil,
and down with lying foreigners who say there are less Orang Utan than before!”
Section 3 – Official Statistics:
On that matter, of course, there are still plenty of green spaces for orange creatures. It is simply a lie to say there are less plants and creatures than before. There are millions and millions of hectares of completely ‘protected forest’ according to the official statistics from our own chief minister of Sarawak, in whom you must always believe even though he orders local headmen in the state not to speak to people from my own ruling federal party when we try to visit.
Anyone who says these ‘forest reserves’ are not pristine virgin jungle, but have all been chopped down and sold is merely relying on their own eyes, not trustworthy published statistics from the state of Sarawak. What evidence is there of any taxes paid on so much exported timber after all?
So, repeat after me: never believe the scientists, never believe your customers, never believe campaigners, never believe lying journalists only please to believe my wealthy sponsors, who have funded me to come into your school to start interfering with the curriculum and threaten your teachers with sedition and crimes for ‘damaging national interests’ and shaming our God-given imported Money Tree, which we hope to replace the indigenous species of our most bio-diverse area of the planet with as quickly as possible.*
Section 4 – Ministers Teach Teachers and Scientists (not the other way round)
Unless you learn and repeat this chapter you will be punished and fail your studies and your teacher will be arrested, sacked and possibly jailed. It is your duty to report any teacher or parent you hear disagreeing with this chapter and remember, what the rest of the world says is not true, so get ready for BATTLE.
[Certified as accurate by the Pol Pot curriculum for scientific education]
*Note from editor: remove the bit about Malaysia’s unique but disappearing biodiversity, as not central to the message in this chapter.
“Foremost, orang utan habitats in Malaysia are fully protected by laws in both Sabah and Sarawak (only places where orang utans live); Sarawak sets aside six million hectares for Permanent Forest Reserves, one million hectares for Totally Protected Areas and 84,000 hectares specifically for orang utan conservation areas,” said Soppoa.
[Teresa Kok, Facebook]
The minister has all the resources of the government at her disposal to obtain facts, yet instead she quotes a Sarawak body that is made up of some of the biggest logging companies cum oil palm producers on the planet.
In her present job she represents the wider interests of the Malaysian public as well as these big industry players and perhaps it is time she made some effort to show a balance between what benefits the share portfolios of a wealthy few and the the livelihoods of people whose lands have been taken and destroyed, as well as the environment?
She could, for example, have compared the comfortable claims of Soppoa with a recent global scientific body’s assessment of the situation facing orangutans in Borneo, which places the role of deforestation and oil palm as central to their decline?
Nearly all Sarawak’s ‘forest reserve’ has been logged over several times (largely by Soppoa companies) making it no longer suitable for canopy species such as orang utan. The International Union for Conservation of Nature published a study last year in which it described the animals as now critically endangered with populations having plummeted by more than half since the start of this century alone:
“Hunting and killing have driven a dramatic decline in the orangutan population on Borneo where nearly 150,000 animals have been lost from the island’s forests in 16 years, conservationists warn.
While the steepest percentage losses occurred in regions where the forest has been cut down to make way for palm oil and acacia plantations, more animals were killed by hunters who ventured into the forest, or by farm workers when the apes encroached on agricultural land, a study found.
Researchers estimate that the number of orangutans left on Borneo now stands at between 70,000 and 100,000, meaning the population more than halved over the study period which ran from 1999 to 2015…..
“I expected to see a fairly steep decline, but I did not anticipate it would be this large,” said Serge Wich, a co-author on the report at Liverpool John Moores University. “When we did the analyses, we ran them again and again to figure out if we had made a mistake somewhere. You think the numbers can’t be that high, but unfortunately they are.”
Does the minister dismiss this as ‘mere propaganda’ by scientists or does she appreciate that the major palm oil plantation owners of Soppoa could actually be somewhat biased in what they claim?
It is time for ministers to stop acting like errand boys for big business – that was BN’s stance, but they at least had good reason as they were also shareholders. Why not just face up to the facts, face up to the future and turn the situation round?
Umno secretary-general Annuar Musa claimed the money in the party’s current frozen accounts has nothing to do with 1MDB as the funds from former Umno president Najib Abdul Razak were used up by 2014.
“I can swear on behalf of Umno – not a single sen of the money that has been frozen in Umno’s accounts has anything to do with 1MDB.
“I dare to make this statement because I have already seen the documents in detail.
“The accusation is that (Umno) received (funds) from Najib’s accounts in 2011, 2012 and 2013. By 2014, the money received from Najib’s accounts had been completely cleaned out.
“The money in 2018 is the earnings from 2016 and 2017, (it has) nothing to do with 1MDB,” Annuar said during his speech at the Kuala Terengganu Umno delegates’ meeting in Kuala Terengganu today.
It becomes more alarming by the day to think that people with such a sorry grasp of basic rules and basic morality were in charge of Malaysia for so long, and might still have been if ordinary folk had not rebelled.
How can the financial spokesman for a political party come up with an argument that funds frozen in lieu of stolen money by that party are somehow unconnected and therefore ‘clean’ and ought to be released?
These politicians stole huge sums of money to use to hoodwink voters and in the process feathered their nests as well. They are presently facing a swathe of criminal trials for exactly that. They claim their remaining funds were ‘clean’ but frankly most people doubt that claim, it is simply that the forces of law and order haven’t yet got round to investigating all UMNO’s crimes.
Meanwhile, the party owes its debt on the money that it stole.
Those UMNO leaders who are not yet facing prosecution ought to be thankful for that fact and think before they open their mouths to complain they want stolen money back.