MCA : Don't belittle Ong's contribution
Friday, 27 November 2009 18:24
KUALA LUMPUR - MCA has urged Associated Chinese Chambers of Commerce and Industry of Malaysia president William Cheng not to discredit the party's contributions.
Cheng had criticised Ong Tee Keat on Thursday, saying the MCA leader had failed to establish a close relationship with the Chinese associations.
MCA Special Task Force Bureau chairman Simon Lim said Cheng should have discussed his grouses with the MCA leadership instead of airing it in public at a vulnerable time for the party.
“Although Tan Sri William Cheng's statement is regrettable, I still respect his views on the matter."
Lim then sought to rebut Cheng's claim by highlighting Ong's contributions to the Chinese community.
MCA working and showing results
Since Ong assumed power, he had often sought the views and feedback of the Chinese guilds and associations and NGOs and relayed them to the relevant government bodies for action, said Lim.
He also said Ong had in January led a business and trade delegation comprising Chinese association leaders and entrepreneurs to China and the visit had brought about substantial business opportunities.
MCA had also worked with the Chinese associations in organising a dinner to welcome the appointment of Prime Minister Najib Abdul Razak in June, Lim added.
“These reflects the close cooperation between the party and the Chinese guilds and associations. At the same time, the dinner also serves as a platform for the Chinese guilds and associations to voice out their views and aspirations.”
Hey TNB When are you going to collect back your $500 million IOU ??
Thanks Kalambong
Lion unit in default of credit facilities
PETALING JAYA: Megasteel Sdn Bhd, a subsidiary of Lion Corp Bhd, is in default of a credit facility granted by Bank Pembangunan Malaysia Bhd and a syndicated term-loan facility granted by syndicated term-loan lenders.“As a result, Megasteel was not able to meet the principal payment due in respect of the credit facilities,” it said.
As at July, Megasteel’s total outstanding principal amount stood at RM47.6mil for the Bank Pembangunan credit facility and RM1bil for the syndicated term-loan.
Lion Group is still owing the Chinese supplier for the blast furnace the Chinese installed for them, at a tune of USD 165 Million !!
And that is part of the USD 500 Million steel plant Lion Group built but hasn't has the money to pay the suppliers !!!
Lion Group not only owe TNB 500 Millions. That's the bill for MegaSteel Sdn. Bhd. alone !!
AmSteel Corporation Berhad and AmSteel Mills Sdn. Bhd., both subsidiaries of the Lion Group, also owe TNB Couple of Hundreds of Millions !!!
Dear J4OTK
ReplyDeleteI have heard about the Lion Groups reputation as a very poor paymaster but where is the proof that he loves to fcuk young chinese girls ?
MCA Watcher
Does it matter if there is no clear proof. Look at that man. Dont he look gatal.
ReplyDeletewho cares whether if it is true or not. as long as it works.
ReplyDeleteMaybe he could not get any favour from OTK that why he said the MCA leader did not have good relationship with his association.
ReplyDeleteWhy is this WC suddenly in the picture when those betrayers are backing down?
Don't you see what William Cheng is saying on Sin Chew (yeah, that paper again !) today?
ReplyDeleteWe must have hit a soft spot yesterday when talking about his MegaSteel Sdn. Bhd. owing TNB 500 Million Ringgits, and his non-performing Parkson stores.
William Cheng is so afraid that we go after his crumbling empire that he appears on Sin Chew today PORE Najib's LUMP-PAR !!
I do not have the whole structure of his Lion Group conglomerate yet, so I do not know which unit to hit first.
But looks like we have hit two right targets --- his MegaSteel and his Parkson.
If anyone has more info on the Lion Group, please share.
It's time to bury the Lion Group.
Ummm...
ReplyDeleteDear MCA Watcher,
Did anyone say anything about William Cheng like to fcuk young Chinese girl on this blog?
Wow !
I need to ask my contacts if that is true or not.
cause he knows that OTK is still the legitimate and constitutionally elected PRESIDENT of MCA
ReplyDeletenobody can deny this not even ROS
It is obvious he does not get from OTK the type of favours he used to get as president of ACCCIM as compare to the ex president. Its time we have a new leader to helm ACCCIM instead of WC who always take advantage of the association for his own selfish business.
ReplyDeleteleekin
ReplyDeleteWhy is this WC suddenly in the picture
WC ? you mean Waste Compartment ?
or Women's Cu*t ? which is which
Dear Kalambong
ReplyDeleteAfter reading all the comments in a number of previous articles on this blog, yes, somebody did mention more than one that WC love to fcuk young Chinese girls.
So, I am looking forward for your intelligence on this issue... Grin
MCA Watcher
William Cheng's executive secretary in the ACCIM is none other than Ong Ka Chuan's elder brother and also brother to Ong Ka Ting . He is Ong Kim Seng . So from there you know what happen ....the Raccoon William Cheng is strongly influence by the devil ...ooops soory did I type raccoon I thought I type tycoon .
ReplyDeleteWant some juicy bit on the Lion Group?
ReplyDeletehttp://biz.thestar.com.my/news/story.asp?file=/2009/8/4/business/4449858&sec=business
Lion unit in default of credit facilities
More info to come !
If that's not enough, Lion Group is still owing the Chinese supplier for the blast furnace the Chinese installed for them, at a tune of USD 165 Million !!
ReplyDeleteAnd that is part of the USD 500 Million steel plant Lion Group built but hasn't has the money to pay the suppliers !!!
Sorry for this, but my contact told me that the Lion Group not only owe TNB 500 Millions.
ReplyDeleteThat's the bill for MegaSteel Sdn. Bhd. alone !!
AmSteel Corporation Berhad and AmSteel Mills Sdn. Bhd., both subsidiaries of the Lion Group, also owe TNB Couple of Hundreds of Millions !!!
I don't have the exact figure yet !!
KUALA LUMPUR, Nov 28 — MCA members who attended a briefing held today by the faction led by Datuk Seri Liow Tiong Lai raised their hands in a show of support for party elections to be held in 60 days.
ReplyDeleteCalled the declaration 1128 after today’s date, the show of hands by about 1,000 members and delegates comes as Liow is negotiating with his rivals Datuk Seri Dr Chua Soi Lek and Datuk Seri Ong Tee Keat over the date for fresh polls.
Liow is pushing for an early date while Dr Chua and Ong have said that they prefer a later date.
Today’s briefing takes the place of an extraordinary general meeting (EGM) that was called off on Thursday after a “consensus” on fresh polls was reached between Liow and Dr Chua.
WHAT SAY U GUYS?
Be it PR or BN, the reality is the that these politicians love crafting and dictating lousy policies for the society to swallow. They feed us with all kind of junks as if they are off great value, dress up every thing nicely but underneath rotten to the core. We have being persistently shortchanged and everyday the same old stories.
ReplyDeleteActually MCA can be very successful to bring the Chinese community to greater height, be well respected and look at with high regard. They have the head start, they got the necessary human as well as financial resources and yet they flop why!...... because greedy for wealth and fame. If they are discipline, nobody will be able to shake them and today the Chinese will be look at differently, instead they lead us to this rotten path. Some trustful guy from MCA have been given the task to deal with the British, he supposed to deliver the actual content of the Chinese people requirement for independent but sell us out by replacing with another version when this guy was in England to do the negotiating, that why today we have all the problems. With that blunder still our forefather support MCA strongly because, their wisdom was to unite the Chinese under MCA. But some how some people take the support as a license to achieve personal interest until it become a culture. MCA popularity and support start eroding that's why Lim Chong Eu was able to give them a good rap. Since then MCA is relying on UMNO strength to win election, thats why MCA dare not take to task UMNO's racialist doctrine. When Lim Chong Eu was the Chief Minister of Penang, he was not only able to bring tremendous achievement to Penang but able to tame UMNO people from their mischief. Thats the kind of leader we want who dare to jettison UMNO rubbishes at the same time work together for the common cause to bring success and progression to the nation, strive for a win -win situation for the benefit the people.
con't
Today MCA bred a son who seem to be of difference breed, dare to selflessly take a painful, hard and challenging path not for himself but for better life for us. His courageous, honest and commendable devotion have been troubled, stalked by some selfish and greedy lost soul who cunningly plot relentless evil means to remove him from carrying out the belated redemption of MCA and to stop erosion of the nation standing which is in an undesired stage. Below comment is a reality..
ReplyDeleteLONDON (MarketWatch) -- Private-sector activity across the 16-nation euro zone grew at the fastest pace in two years this month, according to the preliminary composite Markit purchasing managers index for November released Monday. The composite PMI rose to 53.7 from 53.0 in October, the highest reading in 24 months. A reading of more than 50 indicates growth, while a reading of less than 50 signals contraction. Economists had forecast a more modest rise to 53.4. The PMI reading for the euro zone rose to 51.0 from 50.7 in October, a 20-month high, while the services PMI hit a 24-month high of 53.2 in November, up from a reading of 52.6 in October.
People there are busy and concentrating on economy activities. Here everyday we have NO END high dramas for the people to fill the stomach. We have been in this situation since 0308 election, the 160908 froggy business to topple the Federal Government, overthrow of Pah Lah, Perak mess, Taliban's rules and now the Brutus of MCA. This have cost us heavy losses. Our economy is still in recession where else Thailand and Indonesian historically worst than us have already register positive growth.
The complex tasks demanded sincere leaders and presently OTK fit in very well. We give the honor to MCA people to do the right thing that is to back and support OTK reforms and cut off all the unwanted cancerous cells and growth in MCA with a sharp blade in order to put together a well discipline team and than move on to tackle the nation's various problems. If you people fail us again than we have no choice but to take OTK away from you to fight our common cause on other platform and leaving MCA to rot, good enough to be feed to the dogs.
Come on MCA, you can make the different,show us your good substances, stand up to reject fresh election, stand up to stamp the GUP, stand up to reforms!!!.........
How many are central delegates, members, non-members or holiday makers. At the dinner, some tables are occupied by families with children.
ReplyDeleteHow many of today's attenders are CDs, members, non-members or just holiday-makers?
The worst fools is the ones who fool themselves.
Law Enforcer
But how many were central committee delegates remains unknown since this is a briefing, not an annual general meeting, not all those present were registered.
ReplyDeleteAside from Liow's leaders and the three EGM requisitionists, some special leaders including Vice-President Tan Kok Hong, who was seen as a fence sitter during the infighting and former secretary-general Ong Ka Chuan were also there.
Leaflets with Sin Chew Daily's special commentary were distributed to all present. The commentary described Ong Tee Kiat as "worst president in MCA history".
Is this another briefing ? Or running down the MCA for their own vested interests ?
How many CCMs are there? 43 all together?
ReplyDeleteLTL is Chinese Guilds and Associations Consultative Bureaus CHAIRMAN... no wonder la WC also DEMOCRAZY
Compared to what OTK has done thus far, what TANGIBLE contributions has been made by LTL to the Chinese Community. What about the two Cry Babies who are close buddies of TKS?
ReplyDeleteVeteran
Aiyo yo as the chairman of that bureaus what have u done? spins Fresh Election... come on join in GUP and start to give concrete inputs thru Unity Task Force cos U are included in it
ReplyDeleteLTL starts to intergrate Sen Seh into main stream healthcare for one... it looks like concrete inputs to me... why can't he give inputs to GUP for the community as a whole
ReplyDeleteLiow’s men push to curtail president’s powers
ReplyDeleteBy Adib Zalkapli and Lee Wei Lian
KUALA LUMPUR, Nov 28 — A backlash has started against MCA president Datuk Seri Ong Tee Keat’s move to drop his rivals from the presidential council with loud calls made today for a constitutional amendment to limit the president’s discretion.
MCA vice president Datuk Seri Liow Tiong Lai and his allies, Youth chief Datuk Dr Wee Ka Siong and Wanita chief Datin Paduka Chew Mei Fun today lashed out at the president and said that Article 46 of the constitution should be amended.
The article gives the president wide discretionary powers over the make-up of the presidential council and states that the president must appoint one or more vice presidents.
Liow asserted today that it be mandatory for all vice presidents and members of the Cabinet to sit in the council.
“We feel this power (to elect council members) should not be abused and that there should not be any selective appointments,” said Liow.
He said a motion to propose the amendment could be made at the party annual general meeting and would not require an EGM.
Ong had on November 18 axed nearly half the presidential council that were aligned to Liow, including Wee and Chew and five deputy ministers and replaced them with his men, a move that was described as a “public relations disaster”.
Ong defended the move as necessary as he needed full support to bring about the greater unity plan.
The move however prompted prime minister Datuk Seri Najib Razak to step in due to concern over the worsening situation in Barisan Nasional’s second largest component party.
the learning curve of transformation & rebranding MCA perhaps God willing
ReplyDeleteYes, certain Articles or Sub-Articles of the Party Constitution need amendment due to their ambiguities or open to abuse as in the case of Article 30.2.
ReplyDeleteWith due respect, the appointments for a certain numbers of CCMs is important for the party to run effectively and smoothly. The President needs some appointed CCMs who are not interested in contesting but have certain expertise in party matters to assist the Party. Thus Articles 38.11, Article 46 and 166 are needed and need not be amended. They are there to safe guard the President who has been given the mandate by the CDs to implement the resolutions sactioned by the Cds or CCMs. They are appointed to assist the elected President to execute or support whatever vision and mission the President has or those sanctioned by the party. Their presence would not retard DEMOCRACY as all CCMs are allowed to voice their views in the CC meetings.
The attitude and mindset of the CCMs are paramount. At present, a small minority of the CCMs have been acting like delinquents, they do not respect the hierarchical set up of the party. Slamming the president and deputy president at pre, during and post meetings which are uncalled for.
CHANGING THE ATTITUDE WILL CHANGE THE PERCEPTION. With the mental blockage of the minority who refuse to see or hear. Fresh election WILL NOT break the VICIOUS CIRCLE the party is facing. It is definitely not the answer for the predicament of the party. "Leaders ought to be more analytical and critical when facing issues and not be simplistic without giving any concrete or comprehensive solution. LTL, WKS, CMF and MNC please be more constructive, not just; “We want fresh election to bring back democracy to the party.” Embrace GUP. Fine tune it. Polish it. GUP being inclusive, will unite, heal and serve the Chinese community and the nation.
Just to share,
He drew a circle that shut me out
Heretic, rebel, a thing to flout’
But love and I had the wit to win;
We drew a circle that took him in!
To Anon 3:19,
ReplyDeleteNo pain, NO GAIN !
Tan Sri WC why and how on Earth you got yourself entangled in the present MCA's impasse? As the president of the Chinese of Commerce you should have use your position to mediate and not ferociously criticised the president who has been trying his best to instill the positive culture in MCA.
ReplyDeletePlease do not mistake his silence as his weakness rather it reflects his stature as the President of MCA unlike some of them keep on barking like mad dogs.
WC's empire is clinging to its life. And the lifeline is the rakyat's tax money.
ReplyDeleteHow else can you explain a corporation owing Hundreds of Millions of dollars in unpaid bills build a new plant worth 500 Million USD?
TNB should have cut off the power supply long-LONG time ago, and right now it is the rakyat who is subsidizing WC's metal smelting operation with FREE electricity !!
OTK as transport minister told all and sundry that Johor Port - Port Of Tanjung Pelepas planned to expend the number of berth to 75 units..... come on - this is misleading. As it is only the PLAN on the masterplan and all depends on the demand by shipping lines. You think PTP can beat Singapore Ports??? Now with 8-10 berths they are already struggle to make ends meet. No more development lah. OTK is giving people false hope - here got gold mone there got gold mine.....
ReplyDeleteWhat did he bring to the business man from transport ministry???? HE brought ppl to China and thats all - no follow up and sign MOUs - itu sahja. Don;t you know Malaysia is good at signing MOUs.
Sing MOUs to boost image and to con more business from other country. SIGH!!!
What is your objective, anon 05:05 ?
ReplyDeleteOTK said that the Port of Tanjung Pelepas PLANNED to expand the number of berth to 75 units.
Did OTK say that TP will build all the new berth tomorrow?
Did OTK give a time-span?
Did he?
If OTK didn't do so, he is not lying.
So... what the hell are you trying to say here?
anon 05:05
ReplyDeleteWhat are you trying to spin here ?
We do not entertain spin news here , please support with evidence what you have mentioned here .
Please say that to the rest of the UMNO ministers including Najib's one Malaysia and Mooohidin's Biro Tata Negara .
Another reason why we must support OTK to change the government :
ReplyDeleteHow the gov't 'looted' up to US$100 bil
Part 1
The multi-billion ringgit Port Klang Free Zone scandal may be big, but it is only the latest in a long line of scandals going back to the early 1980s.
Time magazine quoted Daniel Lian, a Southeast Asia economist at Morgan Stanley in Singapore, saying that the country might have lost “as much as US$100 billion since the early 1980s to corruption”.
The scandals listed below are only a small sample of the looting of the country's coffers:
In July of 1983, what was then the biggest banking scandal in world history erupted in Hong Kong, when it was discovered that Bumiputra Malaysia Finance (BMF), a unit of Bank Bumiputra Malaysia Bhd, had lost as much as US$1 billion which had been siphoned off by prominent public figures into private bank accounts.
The story involved murder, suicide and the involvement of officials at the very top of the Malaysian government. Ultimately it involved a bailout by the Malaysian government amounting to hundreds of millions of dollars.
Mak Foon Tan, the murderer of Jalil Ibraim, a Bank Bumi assistant manager who was sent to Hong Kong to investigate the disappearance of the money, was given the death sentence, and Malaysian businessman George Tan who had participated in looting most of the funds, was jailed after his Carrian Group collapsed in what was then Hong Kong's biggest bankruptcy, and a handful of others were charged.
No major politician was ever punished in Malaysia despite a white paper prepared by an independent commission that cited cabinet minutes of Prime Minister Dr Mahathir Mohamad giving an okay to a request to throw more money into the scandal in an effort to contain it.
That was just the first Bank Bumi scandal. The government-owned bank had to be rescued twice more with additional losses of nearly US$600 million in today's dollars.
Ultimately government officials gave up and the bank was absorbed into CIMB Group, currently headed by Nazir Razak, the sitting prime minister's brother.
Bank Negara lost RM20 bil
That scandal, which stretched over several years before its denouement in 1985, set the tone for 24 years of similar scandals related to top Malaysian officials and was the first to prove that in Malaysia, you can not only get away with murder, you can get away with looting the treasury as well.
Perwaja Steel, for instance, lost US$800 million and its boss, Eric Chia, a crony of Mahathir's, was charged with looting the company. He stood trial, but was acquitted without having to put on a defense.
In the mid-1980s, the Co-operative Central Bank, a bank set up to aid the Indian smallholder community, had to be rescued by Bank Negara, the country's central bank, after hundreds of millions of ringgit in loans granted to a flock of Umno and MIC politicians became non-performing.
Some had never been serviced at all. Although the chief executive and general manager were charged with criminal breach of trust, none of the politicians were ever charged.
Before that, the Malaysian government was believed to have lost US$500 million in an attempt at Mahathir's urging to corner the London tin market through a company called Maminco, driving the world price of tin from US$4.50 per tonne to US$7.50.
It then sought to cover up the loss by establishing a US$2 company called Mukawasa from which allocations of new share issues to the government's Employees Provident Fund (EPF) were diverted. Mukawasa expected to sell the shares at a windfall profit to hide the tin speculation.
Mahathir also was behind an attempt by the then governor of Bank Negara, the central bank, to aggressively speculate in the global foreign exchange market. Bank Negara ended up losing an estimated RM20 billion. The governor, Jaffar Hussein, and the head of forex trading, Nor Mohamed Yakcop were forced to resign.
'Malaysia's Enron scandal
ReplyDeleteThere have been many other political and financial scandals since. In 2005, Bank Islam Malaysia, the country's flagship Islamic bank, reported losses of RM457 million mainly due to provisioning totaling RM774 million as a result of bad loans and investments incurred by its Labuan branch.
Cumulatively, Bank Islam ran up non-performing loans of RM2.2 billion, partly from mismanagement and poor internal controls but also "years of regulatory indifference fueled by the misconceived notion of an untouchable Bank Islam because it was a favourite child of the Malaysian government, being the first and model Islamic bank in the country and region," according to a December 19, 2005 article in Arab News.
"Bank Islam had a reputation in the market for being the spoilt child of the Malaysian Ministry of Finance; and the perception of the bank was more of a Muslim financial fraternity or government development financial institution," the report said.
In 2007, in what was called Malaysia's Enron scandal, the publicly traded Transmile Group Bhd, whose chairman was former MCA president and cabinet minister Ling Liong Sik, was caught having overstated its revenue by RM530 million.
A pretax profit from RM207 million in 2006 was actually a loss of RM126 million, and a pretax profit of RM120 million in 2005 was a loss of RM77 million, causing the government postal company Pos Malaysia & Services Holdings Bhd to warn that its earnings for the 2006 financial year might be affected by the reported overstatement, as the postal group owned 15.3 percent of Transmile.
Bailouts and more bailouts
Over the years 2001 to 2006, the government had to spend billions to rescue seven privatised projects including Kuala Lumpur's two public transport systems, the perennially ailing Malaysia Airlines, the national sewage system and a variety of others that, in the words of one study, "had been privatised prematurely."
The government also repeatedly bailed out highway construction concessionaires, all of them closely connected to Umno, to the tune of another RM38.5 billion.
In 2008, it was revealed that Rafidah Aziz, who had served as trade and industry minister for 18 years, had been peddling approved permits for duty-free car sales and allegedly lining her pockets.
Two companies which didn't even have showrooms – one of which belonged to the husband of Rafidah's niece – received scores of permits.
Although Rafidah came in for heavy criticism from within Umno, she remained in office until she was defeated in party elections.
In the 1960s, federal prosecutors in the United States who were attempting to jail the late labour boss Jimmy Hoffa for looting the Teamsters Pension Fund of millions of dollars with his cronies were puzzled by the fact that their revelations appeared to have little effect on the union's rank and file.
It was because no matter how much money Hoffa and his cronies stole, there was always money left because the fund was so rich. That appears to be the case with Malaysia.
who was william cheng? when he bankcrupt is he help his employee to overcome the economic status?can all the chinese still can believe to him? he better take care of the employee bonus end of this year,if he interest in politic ask him to join PKR take a contest at Pandan Indah to OTK.let him know what is the taste of POLITIC,don;t always bullshit around.taste it himself in politic
ReplyDeleteBasically, these chinese towkays are natural conmen, they cheat the way through from rags to riches. The moment they appear on political stage, their scandals will be exposed.
ReplyDeleteIn WC's case, he doesn't even have to be on the political stage to have his scandals exposed.
ReplyDeleteAs we are speaking, my sources are feeding me with more info on WC.
I need to comb through the tons of info I am receiving and make some sense out of the whole mess before I can publish them out, tho.
And to Watcher, I had three comments regarding the young Chinese girls
1. "Who doesn't like the young thang?"
2. "All of them are the same" (please don't ask me what that "them" stands for)
3. "Those are basikal kampung that WC fcuked"
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