The lame excuse of the BN Government to sanction the raise in the TNB tariff was most unjustified. What sort of subsidy did they reduce - the reduced preferential price of gas they accorded to the 20 odd Independent Power Producers!
Look at the profit of the IPPs and TNB; all of them made a lot of money from the rakyat - not less than 10% on the received revenue. Is that the subsidy the BN Government reward to the loyal hardworking citizens of Malaysia who had to bear for the corrupt, incompetent and spendthrig Government who only knew how to spend but fail to reward the people. No wonder your popularity has been waning over the years.
TNB is a GLC and therefore it has the social responsibility to ensure that the welfare of the people in the country are looked after in the face of rapidly increasing inflationary costs. But instead it saw fit to increase the profit margin of TNB despite the fact that they made close to RM4.5 billion when its financial year 2010 came to a close.
Look my friends and all - let us look at the bare facts of reality of the day. All the resources of the country look like are now in the hands of the UMNO cronies who control them through the briliant idea of Tun MM of privatisation - look at the fosillised oil in the hands of Petronas who saw fit to offer scholarships to foreign students than to the citizens of the country; water in the hands of SYABAS, telecommunications in the hands of Talikoms Malaysia; banks in the hands of the Maybank, CIMB, RHB, Bank Utama etc.; road-toll under the UEM Group of companies; MAS and Airasia under GLC and UMNO nominees; rail service under KTM Berhad; Postal Service under Post Malaysia Berhad; Palm oil under FELDA. Apart from these mentioned essential service sectors, many blue chips, like Sime Darby, UDA, MRCB, Pernas etc just to mention a few, fall under the control of Khazanah - the investment arm of UMNO. Besides, EPF, the supposed to be the custodian of the workers' hard earned savings has been looting and plundering them without conpunction. The Government is now using its money to invest in properties in UK. Recently, it spent up to 500 million pounds to purchase a property in UK which was reported to be capable of churnin around 6% returns per annum - a big deal. Perhaps in the course of time, some influential PEP would come alone and bought it for a song from EPF without the workers' representatives knowing.
All the money generating sectors are in the hands of the little Napoleons - the custom, police, defence, immigration, works and even labour have been milking money from the treasurer.
What sort of developmental benefits do we citizens derive? Very very minimal I must say. For the non-Malays, only of late we see our children being offered scholarships and the opportunities to study in the tertiary institutions - not many public universities but private institutions as could be seen from the recent 86 straight As students. Even then, a lot of negotiation efforts had been put in by the three sycophatic BN component parties. If every year you are going to go through this hassle, my question is why are you still hanging around. Do you idiots see that you are a spent force. you have lost your influence. If I were you, leave UMNO and fight for the rights of the people. You are going to let into the quagmire at the coming GE. So where there is still time, leave while you still have modicum of dignity left.
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