Sound Bites – PNB O PNB! UDA O UDA!

1. PNB had announced that it will develop its landed property of 7.2 hectares around Stadium Negara / Merdeka. It will build posh residential buildings and business plaza with development value of RM3 billion.

Aerial view of Stadium Merdeka and Stadium Negara

Aerial view of Stadium Merdeka and Stadium Negara

2. The objective is to generate sustainable income and give reasonable returns to its unit holders, myself included. TQVM.

3. However, PNB should also be promptly and politely reminded of its raison d’etre .

4. The proposed property sounds very expensive and would be beyond the reach of many Bumiputeras. Hence, who will be the major beneficiaries?

5. Nonetheless, PNB has the solemn responsibility to increase the ownership of Bumiputeras’ property which, presently, only stood at 15%. As such, PNB has to creatively balance the need for good returns and increased the Bumiputeras’ ownership.

6. On 6 October 2009, I had an opportunity to bring up this issue with a very senior PNB officer. He gave the assurance that 50% of the property will be owned by the Bumis. I softly asked him two questions:

(a) the property collectively belongs to Bumis; if PNB sells half of it to Non-Bumis, isn’t PNB reduces further the asset ownership of Bumis?, [Please be reminded that Bumis are normally given the opportunity to buy only 30% of the properties developed by non-Bumis], and

(b) Bumis make up 67% of the Malaysian population; why they are given only 50%?

7. His simple and polite answer was the questions need to be re-directed to the political master. Who will answer?

8. Concurrently, the same strong reminder ought to be sent to UDA Holdings Bhd. which is developing a 9.6 ha site in Tanjung Tokong, Penang.  It too must not forget its raison d’etre.

Kg Tanjong Tokong

Kg Tanjong Tokong

9. PNB and UDA Holdings Bhd. have to do it and can do it.

10. The two organizations cannot afford to fail in their sacred respective missions.

11. PNB O PNB! UDA O UDA!

  1. #1 by Semerah Padi on October 12, 2009 - 5:32 pm

    Sebagai Perdana Menteri, DS Najib mesti juga di “politely reminded of its(kewujudan jawatan PM) raison d’etre” wajib mendukung Rukun Negara & Perlembagaan.

    Salah-satunya adalah berusaha untuk mendaulatkan Bahasa Kebangsaan, bukan semakin meminggirkannya. Jangan “confuse” di antara bahasa ibunda yang berbilang-bilang itu dengan Bahasa Kebangsaan yang satu. Negara ini, negara Malaysia yang walaupun ada pelbagai kaum di sini, Bangsanya tetap satu, iaitu Bangsa Malaysia yang bertutur menggunakan Bahasa Kebangsaan sesama sendiri dan juga di setiap urusan awam / rasmi. Orang Malaysia menggunakan Bahasa Inggeris sebagai Bahasa Kedua apabila ianya melibatkan orang-orang asing yang sememangnya tidak faham Bahasa Kebangsaan. Maka itu, tidaklah mengapa.

    Tetapi janganlah pula digalakkan pertumbuhan Bangsa Rojak yang terdiri daripada mini Chinese of Republic of China, mini Indian of Tamil Naidu dsb yang bertutur dalam berbagai-bagai bahasa asing tersebut.

    “Hanya Satu Bangsa di dalam Satu Negara – Satu Bahasa”

    Semerah Padi

  2. #2 by arjuna waspada on December 8, 2009 - 4:12 pm

    Susulan itu, PNB akan membangun kan bangunan pencakar langit 100 lapis (100 stories/storeys!).
    Tak de lagi tempat melabur,tak ia terus menurang kan kecairan dana,membekukan dana ketika prosess mendirikan bangunan kurangkurang 4 tahun ?
    Return on investment bila bolih dapat ?
    Nampak nya ade tangan tangan halimunan.
    Tak berkesan pun kritikan blogger dan lain lain.
    changkat lobak.
    arjuna waspada.

  1. Bumiputera tertinggal bas lagi « Hidup Tuah!

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