Here are some quick facts. Silterra employs about 1300 employees. Almost 100% Malaysian. There are 400 qualified engineers working for Silterra of which 40% are Malays. There are 600 technicians (diploma holders) of which 80% are Malays. The rest are Indians and Chinese. This is a company where the employee profile almost matches Malaysia's multi racial profile.
Here is the best part. Silterra does not enjoy any protection. It sells all its products overseas in Korea, Taiwan, China, Japan, Europe and the US. Silterra is a name that is even known in the Silicon Valley. Our boys from Silterra can talk shop with any Silicon Valley tech company. In comparison the Khazanah boys know how to shop.
OK folks here is the shocker for today. Khazanah wants to sell Silterra to a relatively unknown Chinese company from mainland China.
Silterra has hutang about RM1.8 Billion. Interest owing about RM700 million. Total RM2.5 Billion hutang liabilities. Get this folks : this RM2.5 Billion hutang will first be settled by Khazanah. After that the Chinese company will buy Silterra for about RM550 million. Wow !! That is a RM1.95 Billion subsidy for the Chinese company, paid using taxpayers money.
What do the Chinese get? They get Silterra which already has RM500 million revenue a year. So their acquisition cost is just over a year's revenue. Silterra has invested RM7.0 Billion in machinery and equipment including one of three or four Clean Room manufacturing facilities in South East Asia.
"Kalau itu boleh berlaku kepada sebuah pasukan bola, cuba bayangkan apa yang boleh berlaku kepada sebuah negara, kalau tidak ada kepimpinan berkesan yang mempunyai visi, komitmen dan menjiwai aspirasi rakyat," katanya ketika berucap sempena majlis penyerahan rasmi anggota Program Felo Perdana (PFP) kepada jemaah menteri di Putrajaya, hari ini.
"Essentially, what TalentCorp is is a world tour holiday package for the “advisors” parked in the Prime Minister’s Office.
TalentCorp is a bloody con!
And while the PM’s pets nibble on croissant in the venues above, the poor or homeless rakyat can visit soup kitchens.
Or keep clam and eat kangkung."
All the Najib administration screw-ups – the NUCC loose cannons as the most recent example – only serve to renew the “who’s the new PM” speculation because Najib’s popularity is plummeting, is it not?
He is letting the opposition pijak kepala the establishment and his own appointees such as Saifuddin Abdullah are raising hackles within the pro-government camp.
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| (Ketua Negara Malaysia menjunjung Artikel 152 Perlembagaan?) |
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| (Kabinet Najib yang menjadi saiz XXL kerana tidak ada ahli kabinet yang mahu mengundur diri kata Najib? Laaaaa.. !!!! Najib has no say untuk kabinetnya sendiri? Ini baru kabinet yang berjumlah 35 orang, apatah pula lagi negara yang berjumlah 28 juta orang?) |
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| (THE PRESIDENT OF THE MALAY LARGEST POLITICAL PARTY) |
Why last time the Malaysian Chinese immigrate from China to Tanah Melayu? Because of discrimination and not equal opportunities in China.
The Chinese and Indian move to Tanah Melayu, not getting equal opportunities and then blame the Malays? Why not blame the China government? They have become a party that create this problem.
