Archive for category PKFZ
PKFZ questions – why Transport Ministry should not cut losses instead of continuing to throw good money after bad to create a RM12.5 billion PKFZ “white elephant”?
Posted by Kit in Good Governance, PKFZ on Monday, 1 June 2009
In less than two days, MCA President and Transport Minister, Datuk Seri Ong Tee Keat has forgotten the directive of the Prime Minister, Datuk Seri Najib Razak to “provide answers on every question raised by any party” on the PricewaterhouseCooper (PwC) audit report on the Port Klang Free Zone (PKFZ) and has started to be abusive and refused to answer the many queries raised by the Malaysian public in the past three days.
Ong even refused to answer the six questions I have posed on the RM12.5 billion PKFZ scandal in the past two days, but I will pose another three questions today, as this is what the Prime Minister had promised – that he had directed Ong to respond to “every question raised by any party” on the PKFZ.
Ong seems to be “on the run” from these questions, like his predecessor as Transport Minister, Datuk Seri Chan Kong Choy in November 2007. Why is this?
At the media conference at Port Klang Authority (PKA) on Friday, after a DAP team had spent five hours leafing through the three-and-a-half-inch high documentary annexure to the PwC audit report on PKFZ, containing 20 appendices, I had asked the government to consider the option to cut losses in PKFZ instead of continuing to incur further losses in view of the PWC warning that the cost of the ill-advised project could skyrocket by another RM5 billion to reach the astronomical total of RM12.453 billion.
Read the rest of this entry »
PKFZ “mother of all scandals” – 2nd set of 3 questions for OTK: agree to RCI to nab all culprits?
Posted by Kit in Good Governance, PKFZ on Sunday, 31 May 2009
The Prime Minister, Datuk Seri Najib Razak announced on Friday that he had directed Transport Minister, Datuk Seri Ong Tee Keat to “provide answers on every question raised by any party” involving the PricewaterhouseCooper audit report on the Port Klang Free Zone (PKFZ).
I am still waiting for Ong’s full response to my first three questions on Malaysia’s “Mother of All Scandals” – the RM12.5 billion PKFZ Rip-Off.
Ong should end his linguistic games and boldly admit that he had failed the public pledge he made in his first month as Transport Minister to “tell all” about the PKFZ scandal, that he would not condone or protect wrongdoers responsible for the PKFZ “Mother of All Scandals” , even though they were former top leaders, whether MC A or Barisan Nasional. Read the rest of this entry »
PKFZ Rip-off – first 3 questions to OTK
The Prime Minister, Datuk Seri Najib Razak has directed Transport Minister, Datuk Seri Ong Tee Keat to respond to queries involving the audit report on the Port Klang Free Zone (PKFZ).
He said Ong would provide the necessary information on the report by PricewaterhouseCoopers (PwC) released on Thursday, adding:
“I have asked Datuk Seri Ong Tee Keat to provide answers on every question raised by any party on the audit report.”
Speaking to reporters after the Umno supreme council meeting in Kuala Lumpur yesterday, Najib said Ong will provide the explanation to all questions about the PwC report on the PKFZ.
Acting on Najib’s invitation, I am asking my first three questions about Malaysia’s latest “Scandal of Scandals” – the RM12.5 billion Port Klang Free Zone (PKFZ) rip-off. Read the rest of this entry »
Kit Siang: Probe the puppet masters
Andrew Ong | May 29, 09 2:11pm | Malaysiakini
Veteran opposition lawmaker Lim Kit Siang has urged the government to form a commission of inquiry to probe the Port Klang Free Zone (PKFZ) scandal.
“The inquiry must investigate by going beyond the Port Klang Authority (PKA) and probe the Treasury and the previous transport ministers,” Lim said.
The two transport ministers singled out by Lim was Ling Liong Sik (1986 – 2003) and Chan Kong Choy (2003 – 2008).
“The PKA chairperson is only a puppet. The masters were Ling and Chan,” said Lim.
Lim was speaking to reporters after leading a seven-member delegation to the PKA headquarters in Port Klang to study the three-inch thick appendix to the PKFZ audit report for four hours. The appendix was released today.
Lim also lashed out at current Transport Minister Ong Tee Keat for defining a narrow terms-of-reference for the audit by Pricewaterhouse Coopers (PwC) and not granting firm investigative powers.
Read the rest of this entry »
DAP wants PKFZ to close shop
By Shannon Teoh | The Malaysian Insider
PORT KLANG, May 29 — The DAP wants the government to cut its losses in Port Klang Free Zone (PKFZ) that faces at least RM8.6 billion in future losses and have asked it to close shop, even if it means declaring the Port Klang Authority (PKA) bankrupt.
After a team led by its parliamentary leader Lim Kit Siang had spent four hours at the PKA headquarters perusing the full report on the RM7.5 billion already spent, they concluded that the government should “bite the bullet and end the project, even if it means declaring PKA bankrupt.”
Party information chief Tony Pua explained that if the statutory body liquidated its assets, it could reduce losses to around RM3 billion from the RM4.6 billion already sunk in by the Treasury.
According to the report by PricewaterhouseCoopers (PwC), PKA is already servicing a government loan but operating losses will see it unable to meet payments by 2012.
It will only turn around in 2042. By then, it would have racked up a cumulative loss of RM3.6 billion.
PKA will need to refinance the loan and lose RM5 billion in interest payments, resulting in a total RM8.6 billion bailout by the government.
“Even this is a best case scenario because the calculations are based on projections that PKA provided,” Pua said.
Read the rest of this entry »
PwC report on PKFZ Scandal – has it answers to five questions I posed to Ong Tee Keat on 9th April 2009?
I welcome the public release of the PricewaterhouseCooper (PwC) audit report into the Port Klang Free Zone (PKFZ) scandal, which I had been pressuring the Transport Minister, Datuk Seri Ong Tee Keat in the past year, which had been intensified in the past two months, not only on Ong, but also on the Cabinet and the new Prime Minister, Datuk Seri Najib Razak.
I commend the Prime Minister and Ong for the publication of the PwC report on the PKFZ scandal. In fact, there should have been no foot-dragging and procrastination in withholding the PwC report from MPs and public if the Cabinet is serious about accountability, transparency, integrity and good governance.
I would not say anything until I have the opportunity to study the PwC report, except to say that the first thing I would look for is whether the PwC report furnish answers to five questions on the PKFZ scandal which I posed to Transport Minister, Datuk Seri Ong Tee Keat, on 9th April last year, viz:
Najib is the primary target in Penanti by-election – referendum on his first 2 months as PM
The Penanti by-election has been described as a dull and unexciting contest because of the absence of the Barisan Nasional candidate.
The PKR and PR candidate, Mansor Othman is challenged by three independent candidates. The real battle however is not between Mansor and the three independent candidates, but with the main protoganist publicly “hiding” from the contest, the Barisan Nasional and its leader, Prime Minister Datuk Seri Najib Razak.
Although there is no BN candidate, Najib is undoubtedly the primary target in the Penanti by-election, which is a referendum on the credibility, integrity and legitimacy of Najib in his second month as Prime Minister
Last night, Najib allowed the police to do what five previous Prime Ministers, Tengku Abdul Rahman, Tun Razak, Tun Hussein Onn, Tun Mahathir and Tun Abdullah had never done – police raid on DAP Hqrs in Petaling Jaya, the first time in 43 years, as if the DAP is a terrorist organisation when we had demonstrated our commitment to peaceful, democratic and constitutional change for over four decades.
Read the rest of this entry »
RM12 billion PKFZ “can of worms” – Ong Tee Keat and MACC, what games are you playing?
Posted by Kit in Corruption, PKFZ on Thursday, 21 May 2009
Malaysians today are entitled to ask the MCA President/Transport Minister, Datuk Seri Ong Tee Keat and the Malaysian Anti-Corruption Commission (MACC) – What games are you playing with regard to the RM12 billion Port Klang Free Zone (PKFZ) “can of worms”?
In the latest twist to an unprecedented long catalogue of twists, Ong now says that the question of whether the PricewaterhouseCooper (PwC) report on the PKFZ scandal will be made public rests with the cabinet.
This is most unbelievable! Wasn’t it Ong himself who issued a categorical, even commanding, instruction to the Port Klang Authority (PKA) on April 29 to release the PwC audit report on the PKFZ to the public “within seven days”?
Why one excuse after another since then to justify why the PwC report on the PKFZ has not yet seen the light of day, until the whole responsibility is thrown back to the Cabinet – when Malaysians had been told that the Cabinet had given Ong the greenlight to release the PwC report, which was the reason for Ong’s command on April 29 to the PKA to make public the PwC report within seven days?
Read the rest of this entry »
RM12 billion PKFZ can of worms – time for it to be fully opened to the glare of Malaysian public and bring to book the culprits
Posted by Kit in Corruption, PKFZ on Wednesday, 20 May 2009
The RM12 billion Port Klang Free Zone scandal took another twist when it is reported today that there is a fall-out between the Transport Minister, Datuk Seri Ong Tee Keat and the man he appointed to clean up and salvage the Port Klang Free Zone (PKFZ) – Lim Thean Shiang, the Port Klang Authority (PKA) general manager and PKFZ chief executive.
According to the Sun, Lim tendered his resignation last week which was accepted by Ong on Thursday. In a SMS to the Sun, Lim said his resignation must first be tabled before the PKA board meeting tomorrow for it to take effect.
Is there a suggestion that there might be a coup at the PKA Board meeting tomorrow and that Lim’s resignation might be rejected?
It is reported that the fallout between Ong and Lim was over the handling of the PKFZ scandal, both on the publication of the PwC audit as well as Lim’s briefing to Barisan Nasional backbenchers on May 5 on the project, which was made without Ong’s approval.
The “secret” briefing by Lim to the Barisan Nasional MPs is most improper and irregular. Read the rest of this entry »
RM12 billion PKFZ scandal – stop appointing MCA lackeys as PKA Chairman
Datuk Lee Hwa Beng should have been sacked instead of being re-appointed as Port Klang Authority (PKA) Chairman as he is not efficient, competent or professional about the release of the PricewaterhouseCooper report on the mega-billion ringgit Port Klang Free Zone (PKFZ) scandal.
The Edge weekly (April 27 – May3, 2009) which carried the cover story of “Total PKFZ bill – RM8 billion?” published a letter from Datuk Lee Hwa Beng responding to the Edge expose, saying that the Transport Minister, Datuk Seri Ong Tee Keat had in early April made a statement that the release of the PKFZ report was “up to the PKA” but as his term as PKA Chairman “had technically expired on March 31 this year, I was not able to respond” to the Edge report.
This however did not prevent him from saying that he had read the PwC final report and saying that it “cannot be released while awaiting declassification by other government departments”. Read the rest of this entry »
RM12 billion PKFZ scandal – six times bigger than RM2.5 billion BMF scandal of Mahathir
Posted by Kit in Corruption, MCA, PKFZ on Sunday, 10 May 2009
MCA President and Transport Minister, Datuk Seri Ong Tee Keat should stop running from the question why he had failed to honour his repeated public undertakings to “tell all” and make public the full report of the PricewaterhouseCoopers (PwC) audit into the mega-billion ringgit Port Klang Free Zone (PKFZ) scandal. Malaysians want to know what he is hiding.
The PwC audit report into the PKFZ scandal has been described in the media as “a damning disclosure of mismanagement, clandestine deals, conflicts of interest and a total disregard for transparency and accountability” for a project which was supposed to cost RM1.845 billion in 2002 under the then MCA President and Transport Minister, Datuk Seri Dr. Ling Liong Sik but ended up at RM4.6 billion under MCA Deputy President and Transport Minister, Datuk Seri Chan Kong Choy.
Now, horror of horrors, it is reported that the final cost of the PKFZ scandal under MCA President and the third MCA Transport Minister, Datuk Seri Ong Tee Keat is the frightening figure of RM12 billion, which would have to be borne by the Malaysian taxpayers although the Cabinet had been assured in 2002 that the PKFZ project was a feasible, self-financing project that would not require a single sen of government financing!
If the PKFZ scandal had ballooned from RM1.8 billion in 2002 to RM12 billion in seven years under three MCA Ministers, it will be six times bigger than the first Mahathir mega financial scandal – RM2.5 billion BMF scandal! Read the rest of this entry »
OTK – resign as Transport Minister if cannot honour pledge to “tell all” and release PwC report on PKFZ scandal
MCA President Datuk Seri Ong Tee Keat should resign as Transport Minister if he cannot honour his pledge to “tell all” and immediately release the PricewaterhouseCooper (PwC) Report on the Port Klang Free Zone (PKFZ) scandal to explain whether and why it had ballooned from a RM1.8 billion scandal when Datuk Seri Dr. Ling Liong Sik was the Transport Minister, to RM4.6 billion under Datuk Seri Chan Kong Choy and now the outrageous RM12 billion under Ong!
On Tuesday 28th April 2009, I called on the Cabinet at its meeting the next day to overrule Ong’s “passing-the-buck” game and direct the immediate and full publication of the PKFZ scandal in view of reports that the PKFZ scandal had escalated four-fold from the original cost of RM1.8 billion to RM8 billion.
The next day, Ong announced that the PwC audit report on the PKFZ scandal was ready and that the Port Klang Authority (PKA) had been given one week to make it public.
The one-week deadline expired two days ago, and the PwC report has still not seen the light of day! Read the rest of this entry »
Publication of PwC report on RM8 bil PKFZ scandal – why for 6 mths OTK dare not discuss with Najib?
Posted by Kit in Najib Razak, PKFZ on Wednesday, 29 April 2009
Why hadn’t the MCA President and Transport Minister Datuk Seri Ong Tee Keat raise with Datuk Seri Najib Razak, who had become Finance Minister since September last year when he was Umno Deputy President, the issue of the declassification of certain letters and correspondence in relation to the Port Klang Free Zone (PKFZ) project so that the Pricewaterhouse Cooper (PwC) audit report on the PKFZ scandal could be made public?
Or was he just afraid to discuss the issue with Najib in the past six months until he got the nod from Najib?
This is clearly not a relationship between political equals but between a political master and an inferior!
These are the thoughts of anyone who read yesterday’s Edge Malaysia online report, headlined “Najib to hear out Tee Keat on PKFZ declassification”, viz: Read the rest of this entry »
RM8 bil PKFZ scandal? – Cabinet tomorrow should overrule OTK’s “passing-the-buck” game and direct immediate release of PwC Report
Posted by Kit in Corruption, Economics, Finance, Financial Scandals, Good Governance, PKFZ on Tuesday, 28 April 2009
The Cabinet tomorrow should overrule Transport Minister, Datuk Seri Ong Tee Keat’s “passing-the-buck” game and direct the immediate and full publication of the PricewaterhouseCoopers (PwC) Report on the Port Klang Free Zone (PKFZ) scandal and to respond to the Edge cover report that the cost of PKFZ had escalated fourfold from the original RM1.8 billion to RM8 billion.
Ong should not try to distract public attention from the real issues about the PKFZ scandal by threatening that he would be “checking with his legal adviser and see if the article carried in the weekly was libellous”. (Star April 27, 2009)
Let him respond fully, frankly and forthrightly to two issues:
Firstly, why as the Transport Minister he had reneged on his promise made in April last year, as reported by Star (April 8, 2008) headlined: ”Ong to tell all on Port Klang Free Zone” quoting him:
“I wish to inform the rakyat about the true situation – whether it was actually squandered, not squandered, and whether it has gone to, as well as the breakdown of the budget.”
Read the rest of this entry »
Port Klang Free Zone scandal – from RM2.3 billion under Liong Sik, RM4.6 billion under Kong Choy and now to RM8 billion under Tee Keat?
Although “Performance Now” is one of the three overarching mottos of the Najib Cabinet, it has very little real meaning to the Cabinet Ministers.
The MCA President and Transport Minister, Datuk Seri Ong Tee Keat is no exception.
One of the first things he promised a year ago as Transport Minister was to “tell all” about the RM4.6 billion Port Klang Free Zone (PKFZ) bailout scandal.
Up to now, he has told nothing!
Early this month, Ong evaded responsibility for the public release of the PriceWaterhouseCooper report on the PKFZ, saying that it now lies with the Port Klang Authority (PKA).
It is a sorry sight for the past year that Ong had not been able to answer the five questions about the RM4.6 billion PKFZ scandal which I posed to him immediately after his public pledge to “tell all” about PKFZ, particularly about the history of impropriety in land transactions, illegal issue of Letters of Support, Cabinet bailouts and retrospective ratification of illegal decisions by the two previous Transport Ministers, Tun Ling Liong Sik and Datuk Seri Chan Kong Choy although he had all the answers without having to await the outcome of the PricewaterhouseCooper audit report. Read the rest of this entry »
Disgust at the new low in politics
Posted by Kit in Good Governance, Parliament, PKFZ, Politics on Thursday, 19 February 2009
The Royal Address was a valedictory address to the Prime Minister, Datuk Seri Abdullah Ahmad Badawi, when the Yang di-Pertuan Agong at the end of his address touched on the transition of leadership of the country, with the hand-over of the premiership to the Deputy Prime Minister next month.
The Yang di-Pertuan Agong recorded appreciation to the Prime Minister for his leadership and contribution, mentioning specifically to issues concerning “democracy, accountability, integrity, the fight against corruption, strengthening the judiciary and the application of Islamic Hadhari approach”.
To the majority of Malaysians, Abdullah’s tenure as the fifth Prime Minister will be remembered more for its missed opportunities than any real achievements.
We are told that a second stimulus package in the form of a mini-budget would be presented in Parliament on March 10 to boost the country’s economy, when more than four months ago, I had called on the new Finance Minister, Datuk Seri Najib Razak to present a revised 2,009 Budget to take corrective measures to shield the country from the world’s worst economic crisis in 80 years so as to enhance competitiveness, boost growth and tamp down inflation. A missed opportunity.
We are told of a Cabinet Committee to Identify and Monitor the Participation of Indian Community in Government Programmes and Projects chaired by the Deputy Prime Minister, when immediately after the landslide Barisan Nasional March 2004 general election, I had called for a high-powered Cabinet Committee to present a blueprint in the first meeting of Parliament to address the long-standing issues of marginalisation and alienation faced by Indian Malaysians in the country and to bring the Indian Malaysians into the mainstream of national development – political, economic, educational, social, cultural and all other aspects of the nation-building process. Another missed opportunity. Read the rest of this entry »
For starters, 5 reasons why MCA owes apology not only to Chinese voters in KT but to all Malaysians
In rejoinder to the demand by the MCA Vice President and Health Minister, Datuk Liow Tiong Lai that the DAP apologise to the Chinese voters in Kuala Terengganu for misleading them on the hudud issue, DAP had challenged MCA to a debate on “Who should apologise – MCA or DAP?” in Kuala Terengganu before the by-election on Saturday.
While DAP awaits the MCA response, let me give advance notice to the MCA leadership that there is a long catalogue of things MCA must apologise not only to the Malaysian Chinese in Kuala Terengganu but to all Malaysians, and it is most appropriate that this is done in Kuala Terengganu.
The catalogue of MCA failures and misdeeds range from the dismal performance of the current MCA leadership, the pathetic MCA record in Barisan Nasional, the shameful MCA failure to live up to the ideas and ideals of the MCA founding fathers like Tun Tan Cheng Lock to its shocking betrayal of the cardinal nation-building principles for Malaya and later Malaysia as embodied in the Merdeka “social contract” of 1957.
For a start, let me just cite five reasons why MCA owes not only the Malaysian Chinese but all Malaysians a fulsome apology. Read the rest of this entry »
Will OTK lead MCA to quit BN unless UMNO leaders renounce 7-year unconstitutional “929 Declaration”?
Posted by Kit in Islamic state, MCA, PKFZ on Friday, 26 December 2008
I am surprised that the MCA president Datuk Seri Ong Tee Keat is saying things that makes neither sense nor logic. It would appear that his short tenure as the MCA President has imposed such a tremendous pressure that he is speaking and acting, to many, completely out of character.
Yesterday, he came out with a blog entitled “DAP, not MCA, should boycott KT by-election”, which was promptly reported by the Star online, with the headline “Boycott by-election, DAP told” as follows:
PETALING JAYA: MCA president Datuk Seri Ong Tee Keat has asked DAP to boycott the Kuala Terengganu by-election campaign as a matter of principle if it is really against PAS’ plan to implement hudud and qisas laws if it comes to power at the national level.
He said if DAP chose to help campaign for PAS’ candidate in Kuala Terengganu, then it would mean that the party supported public whipping, amputation and stoning for criminal offences under hudud laws.
“Mere words objecting to PAS vice-president Datuk Husam Musa’s statement on the issue would not suffice if not demonstrated by action,” Ong said in his latest posting in his blog.
Ong is not making any sense firstly, as he is flying in the face of the DAP record and history in trying to suggest that the DAP supports “public whipping, amputation and stoning for criminal ofences under hudud laws” – a suggestion which is so ludicrous that it does not deserve rebuttal! Read the rest of this entry »
RM4.6 billion PKFZ scandal – no need for MCA to campaign in KT if OTK continues to hide the truth
“Nothing to hide” – this was the front-page headline of Sun yesterday on Transport Minister, Datuk Seri Ong Tee Kiat’s “tell-all” press conference on Sunday on the RM4.6 billion Port Klang Free Zone (PKFZ) scandal – which told absolutely nothing!
Although Ong adopted the stance that he had “nothing to hide”, in actual fact he had hidden the most important fact in his “chronology of events” on the RM4.6 billion PKFZ scandal – the RM4.6 billion retrospective approval given by the Cabinet in June 2007 to bail-out the four unlawful “Letters of Support” which gave implicit government guarantees issued by the two previous MCA Transport Ministers to the money market for the RM4.6 billion bonds for the PKFZ project.
Both the two previous MCA Transport Ministers had acted unlawfully, as they had no powers to issue financial guarantees committing the government, which could only be issued by the Finance Minister and only after Cabinet approval.
However, the Malaysian Government would have created a major crisis of confidence in the international money market if the Cabinet had not bailed out the two MCA Transport Ministers and given retrospective approval to the four Letters of Support which gave implicit government guarantees to the RM4.6 billion bonds issued by Kuala Dimensi Sdn. Bhd (KDSB), the PKFZ turnkey contractor, for the PKFZ project.
Can Ong explain why he had deliberately omitted this important fact in his “chronology of events”, which need not have to depend on the outcome of the Pricewaterhouse Cooper audit report? Or is he denying that Cabinet had given such retrospective approval? Read the rest of this entry »
Tee Kiat has taken Malaysians for a ride in his long-awaited “tell all” report to the nation on the RM4.6 billion PKFZ scandal
I would not have used the strong and harsh language in response to the Transport Minister, Datuk Seri Ong Tee Kiat’s long-awaited “tell all” report on the RM4.6 billion Port Klang Free Zone (PKFZ) scandal, like the doyen of Port Klang bloggers, Capt. Yusof Ahmad, former pilot superintendent of Klang Port Authority and pioneer general manager of West Port, who delivered this censure in his blog, Ancient Mariner:
“If this isnt treachery and deceit, then I dont know what is.”
Or another blogger, de minimis, who exclaimed tongue-in-cheek:
“I also hear that most hardware shops in the Klang Valley ran out of stock with white paint for the whitewash needed for the Minister’s Press Conference…”
There can be no doubt however that Ong had taken Malaysians for a ride in his long-awaited “tell all” report to the nation on the RM4.6 billion PKFZ scandal – as it told absolutely nothing from what he promised when he was appointed Transport Minister after the March 8 “political tsunami”. Read the rest of this entry »
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