Thursday, August 25, 2011

The Malaysian Insider - Believe It or Not

Rare noteworthy Malaysia Insider columns is one thing, credible reports is another.

This fresh from the enter key DAP favourable report, ala personalities related to BN prominent figures in the past, quotes former MOF Minister Tun Tan Siew Sin's granddaughter.

Well, it's the usual grandmother's story.

You decide.

"MCA founder’s granddaughter lauds Guan Eng’s policies in Penang" dateline today.

"The fact that he has been able to run Penang without much contribution from the federal government and yet turn in yet attract one of the highest rates of investment I think speaks for itself."

"Penang BN discloses RM16.4b in fed projects" Sundaily dateline 1 March 2011

"In the 9th Malaysia Plan, the federal government had provided RM7.176 billion to 56 departments and agencies to conduct 1,017 projects in the state,”

Please ah! Don't give me the unfair allocation spin, okay?

"Federal-state relationship from the investment perspective" the Edge 21 February 2011

Please read closely,
"For example, under the 8th and 9th Malaysia Plans (2001 to 2010), Penang state received only 3.1% of the total allocation."
Hello oo, this is before the Pakat-Pakat Penang administration, how and where does unfairness come into the picture? And why all this bitching?

"The often-asked question by investors has been: How does the federal/state relationship affect their investment here?

The simple answer to that has always been: The relationship is good and it will not affect their investment here." (emphasis is mine)
Always leave the best for last.

"Penang may miss investment goals without Mida aid" dateline December 16, 2010
"Lim Guan Eng today expressed concern over the possibility that Penang will fail to hit its RM4.2 billion target and urged investPenang and Mida to redouble efforts to “nail down” foreign and local investors awaiting approval for grants and incentives from Mida."

Media statement by Lim Guan Eng in Komtar, George Town on Wednesday, 19 January 2011
"Penang is the No.1 state for total capital investments in 2010 attracting RM12,238 million, up nearly 5 times as compared to RM2,165 million in 2009 and comprising 26% of Malaysia's total investments of RM47,177 million for 2010."

Waaaah! A Ripley's, in 15 days became Top of the Pops like his Papa, Believe It or Not.

Read also Lim doesn't understand federal govt's allocation system.

Update 4.25 pm

"Malaysian Insider being sued?"

TMI better hope this is no Ripley.

26 August

Facts that figure "Guan Beng Bilapa Lu Bayar Itu Economist for the Mysterious Mojo Article?"

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