Three Reasons Isa Samad Should Not be SPAD Chief

Media Statement by Yeo Bee Yin, State Assemblywoman for Damansara Utama on 23 June 2017 in Petaling Jaya.

On June 19, when Isa Samad resigned as Felda Global Ventures Holdings Berhad (FGV) chairman, Prime Minister Najib Razak appointed him as the acting chairman of the Land Public Transport Commission (SPAD) with immediate effect “in appreciation of Isa’s role” in FGV.

This is an absolutely ridiculous appointment. No one will believe that Isa is the best candidate to fill the post left vacant with the retirement of Syed Hamid Albar. Here are three main reasons why Isa Samad should not be the chief of SPAD.

First, he is undoubtedly incompetent. Under his chairmanship, FGV went from glory to sorry.

In 2012, when FGV went for its US$3.1 billion initial public offering (IPO), it was the world’s second largest IPO of the year, after only Facebook Inc’s US$16 billion IPO.

In five years, FGV’s market capitalisation dropped more than 60% from around RM19 billion to only around RM6 billion, meaning RM13 billion had evaporated from the original value of the company.The share price went from RM4.641on June 29, 2012 to only RM1.75 as of close of trading on June 23, 2017.

In addition, FGV started with a cash surplus of RM5.09 billion in December 2012 but four years later in December 2016, it is RM1.97 billion in debt. FGV’s current sorry state of affairs didn’t happen overnight, it was a result of a series of missteps, all of which were made under the watch of Isa.

依沙沙末不应该成为SPAD主席的三大理由

首相拿督斯里纳吉在丹斯里依沙沙末辞去环球创投主席职位的同一天，委任后者成为陆路公共交通委员会代主席，并即时生效，以此来“肯定依沙在环球创投的角色”。

这是绝对荒谬的委任。无人会相信依沙沙末是填补丹斯里赛哈密退休后所留下的空缺的最佳人选。以下是依沙沙末不应该成为SPAD主席的三大理由。

其一，无可置疑的是，他是无能的。环球创投在他担任主席之下，从兴盛走向衰败。环球创投在2012年展开它31亿美元的首次公开募股（IPO），这是当年全世界第二大的IPO，仅次于面子书公司的160亿美元的IPO。然而，环球创投的市值却在五年内下滑超过60%，从190亿令吉至60亿令吉而已，蒸发掉了大约130亿令吉。它的股价也从2012年6月29日的每股4.641令吉跌至昨天下午的每股1.75令吉而已。除此之外，环球创投在2012年12月所持有的现金是50亿9000万令吉，但却在四年后的2016年12月，负债达到19亿7000万令吉。环球创投目前的糟糕情况，并不是一夕间发生的，它是由一系列的错误所造成的，并且全都是在依沙沙末的看管下发生的。

1MDB挪用来购买珠宝给一号官员妻子的钱比PERMATA年度拨款多

百乐镇州议员杨美盈于2017年6月17日（星期六）在八打灵再也所发布的媒体文告：


从一马公司挪用来购买珠宝给马来西亚一号官员的妻子的钱比国家学前教育计划在2017年的年度拨款还要多

美国司法部在最新一次的民事充公诉状里，指控有一些从一马公司挪用的钱用来购买价值2730万美元的22克拉的粉红钻石项链和总值130万美元的27件不同的18克拉黄金项链及手镯给马来西亚一号官员（MO1）的妻子。

既然拉曼达兰已经承认MO1就是首相纳吉，那么“MO1妻子”是谁就很清楚了。罗斯玛在今天的活动里要求马来西亚人不要去相信在社交媒体里传播的毁谤[1]。罗斯玛并没有回避美国司法部的指控，她告诉马来西亚民众她就是美国司法部诉状里所提及的“MO1妻子”。

Misappropriated 1MDB money for MO1 wife's jewelleries more than PERMATA’s allocation

Media Statement by Yeo Bee Yin, ADUN for Damansara Utama on Saturday 17 June 2017 in Petaling Jaya.

The misappropriated 1MDB money used to buy jewelleries for MO1’s wife is more than PERMATA’s annual allocation for 2017.
In the latest civil forfeiture suit filing, the Department of Justice (DOJ) of the United States alleged that some of the money misappropriated from 1MDB was used to purchase 22-carat pink diamond pendant, which worth USD 27.3 million, and 27 different 18-carat gold necklaces and bracelets, which worth USD 1.3 million, for the wife of Malaysian Official (MO1).

Since Rahman Dahlan admitted that MO1 is Prime Minister Najib Razak, then it is obvious who the “wife of MO1” is. In today’s event, Rosmah Mansor has asked Malaysians not to believe in slanders spread by social media. [1] Instead of sweeping the DOJ’s allegations under the carpet, Rosmah Mansor must tell the Malaysian public if she is indeed the “wife of MO1” mentioned in DOJ’s suit filing.

It is unnecessary and untimely for Putrajaya to impose tourism tax.

Media Statement by Yeo Bee Yin, ADUN for Damansara Utama on Saturday 10 June 2017 in Petaling Jaya.

It is unnecessary and untimely for Putrajaya to impose tourism tax.

We are very concerned with the rush of Putrajaya into imposing tourism tax, leaving hotel operators and those who are involved in confusion. It was reported that the taxation rate will be RM20, RM 10, RM 5 and RM2.50 per room per night for hotels with five star, four star, one to three star and other ratings respectively.

The lightning speed of the implementation of the Tourism Tax Bill 2017 passed just a few months ago shows that Putrajaya’s coffer is running so dry that it is going all out to milk more monies from the people in any way possible.

This swift implementation of the law passed in Parliament is in sharp contrast with the implementation of Child Offender Registry, which is provided by Child Act Amendment 2016. The government couldn’t complete the registry, which contains records of convicts who committed crimes against children including sexual crimes, nine months after the law was passed in the parliament (April 2016) and six months after the law was gazetted (July 2016)[i]. (The registry is finally ready now with slightly more than 100 child offenders record.) On a contrary, for Tourism Tax Act 2017, the government can’t wait to execute the law even before it is gazzetted! 

Cukai pelancongan tidak wajar, tidak tepat masa

Kenyataan media Adun Damansara Utama, Yeo Bee Yin pada hari Sabtu 10 June 2017 di Petaling Jaya.

Cukai pelancongan tidak wajar, tidak tepat masa

Kami amat bimbang dengan tindakan tergesa-gesa Putrajaya dalam mengenakan cukai pelancongan, yang mengakibatkan operator hotel serta mereka yang terlibat berada dalam keadaan keliru. Dilaporkan bahawa kadar cukai tersebut adalah antara RM20, RM10, RM5 dan RM2.50 sebilik untuk satu malam, bagi hotel dengan lima, empat, satu hingga tiga bintang dan penilaian lain masing-masing.

Pelaksanaan Rang Undang-undang Cukai Pelancongan 2017 yang begitu cepat meski baru sahaja diluluskan beberapa bulan lalu menunjukkan bahawa kantung Putrajaya semakin kering dan memaksanya untuk memerah lebih banyak hasil daripada orang ramai dengan apa cara sekali pun.

Pelaksanaan pantas undang-undang yang diluluskan Parlimen ini adalah sangat berbeza dengan pelaksanaan Daftar Pelaku Jenayah Kanak-kanak , yang diperuntukkan dalam Pindaan Akta Kanak-kanak 2016. Pihak kerajaan tidak dapat melengkapkan daftar tersebut, yang mengandungi rekod pesalah yang telah melakukan jenayah terhadap kanak-kanak termasuk jenayah seksual, walaupun sembilan bulan telah berlalu selepas undang-undang tersebut diluluskan Parlimen (April 2016) dan enam bulan setelah undang-undang tersebut diwartakan (Julai 2016). (Daftar tersebut kini siap dengan bilangan lebih 100 rekod pelaku jenayah kanak-kanak.) Sebaliknya, bagi Akta Cukai Pelancongan 2017 pula, kerajaan nampaknya tidak sabar lagi mahu melaksanakannya, meski ia belum diwartakan.