Things are not looking good for the Prime Minister after presenting his 2011 budget. I wonder whether he walks through the budget with his consultants that prepared it or just simply read them without full understanding of it, in Parliament.
Take a look at the Prime Minister response to the great resistance of the 100-storey Warisan Merdeka tower.
Datuk Seri Najib Razak denied today that it was his idea to build the controversial 100-storey Warisan Merdeka tower in the heart of the capital, saying instead the project had been proposed by Permodalan Nasional Bhd (PNB).
There are so many flaws in this one sentence alone. Let me point them out to you.
a)How can he denied it when he already presented it in Parliament. It does not matter whose idea it was but as a leader he must be held responsible because he accepted it without any consultation with others. If he disagree with the proposal, why then he allocated a budget for it.
b)A project still under proposal means it has yet to be agreed or approved by the Government, so why allocate such a huge budget when the project may not be granted approval eventually. Thus, it means that the PM had accepted the proposal without consulting the public and his "People First" means nothing anymore.
c)Who owns Permodalan Nasional Bhd (PNB). This is what PNB is after paying a visit to it's website:
With fund under management totaling about RM150 billion, the PNB Group is the country's leading investment institution with a diversified portfolio of interests that include unit trusts, institution property trust, property management and asset management.
with it's board of trustees as follows:
YAB Dato' Sri Mohd. Najib bin Tun Hj. Abdul Razak
YAB Tan Sri Dato' Haji Muhyiddin bin Mohd. Yassin
Y.B. Dato' Mustapa bin Mohamed
Y.B. Dato' Seri Haji Ahmad Husni bin Mohamad Hanadzlah
YABhg Tun Ahmad Sarji bin Abdul Hamid
You can read more details at PNB website here but be warned, many links do not work.
Is PNB government owned or is it a private entity?
If it is government owned why the PM denied that it was his idea, basically if it is government owned then the PM should be consulted first and the public should be informed about it. The PM is the one to object or approve the project.
If it is a private entity which looks more like it, why the hell should public fund be used. PNB should arrange for their own financing if they think their proposal to develop this 100-storey tower can benefit everyone and that in turn means they can make profit out of it.
How can the PM denied that this was not his idea when he is the chairman of the board of trustees. Was he not informed about the proposal long before they decide to allocate the budget for it?
Coming to the 13th General Election. My observation is that its a touch and go situation for umno/bn and the PM knows very well.
Three States are on shaky ground, Perak, Johor and Negri Sembilan and more State seats may be lost in Trengganu, Sabah and Sarawak.
Umno/bn spent millions upon millions at every general election and this 13th GE is gonna cost them much more then usual. They have plenty of money but may not be enough for this 13th GE.
Najib needs to seek a new mandate to strengthen his grip on power knowing that failing to do so will be his downfall. There is a figure within his own party maneuvering to take control over his position.
The surprise which the PM mentioned when asked about the 13th GE, not too long ago, will be that this 13th GE will be for Parliamentary seats only and together with Sarawak state election.
The remaining 12 State assemblies will not be dissolved to allow him to concentrate on just the Parliamentary seats with sufficient funds to ward off the opposition onslaught.