Oleh : CLEMENT LEE
SAPP CLC Api-Api Organizing Secretary, Clement Lee would like to query the RM544 million worth of bonds issued by BN-led government as stated by the Chief Minister during his budgeted speech on 19 November 2010 at State Assembly ‘The estimated revenue for 2010 being over the RM3 billion level takes into account proceeds from the issuance of bonds worth RM544 million effective this year.’ Which in actual fact meant that the estimated State revenue was merely RM2.5 billion.
Bond is a form of debt investments where state government loans a certain amount of money, for a certain period of time, with a certain rate of interest, to companies and individuals at large at a discounted price.
How could the BN government account the RM544 million worth of bonds issued, which in essence are debts, as State Revenue in 2010?
When such bonds mature in 5 years time, the State government will need to buy back the bonds at the original price from the investors.
If the BN-led government really had a strong financial backing in the state coffer, why would they still need to issue bonds in order to raise funds? It seems like the present BN government is not telling the truth and utterly misleading the public.
The present government should seek more sources of income like opening up more land for cultivation and increasing the productivity of the present state-owned GLCs and reducing the operational costs which would surely translate to revenue, among others.
What about the RM1 billion special allocation promised by the federal government for the Sabah Development Corridor project?
Another pressing issue is that, why did the state government give away 5,000 hectares of palm oil land to United Malacca Berhad whilst local based Sabahan companies were more than capable to develop them?
We want the BN government to explain on these matters and clear public ambiguity and confusion.
Kerajaan mesti ada alasan untuk membuat begitu.ReplyDelete
setiap pekara yang dilaksanakan mempunyai sebab untuk dilaksanakan.ReplyDelete
hope the state government will explain about this matter.ReplyDelete
Bersungguh-sungguh SAPP nak mencari kesilapan kerajaan. Tentu kerajaan sudah membuat perancangan sebelum membuat sesuatu. Kalau kerajaan buat penjelasan pun, tetap ada pihak tidak berpuas hati.ReplyDelete
Mungkin SAPP boleh buat surat rasmi untuk bertanyakan tentang persoalan ini kepada kerajaan.ReplyDelete
jangan terlalu cepat buat spekulasi atau andaian yang bukan2 jika tidak tahu kenapa kerajaan melakukan tindakan itu..ReplyDelete
kerajaan tahu apa mereka lakukan.ReplyDelete
I personally think that the bond has been kept properly.ReplyDelete
rasanya SAPP perlu bangkitkan hal ini secara rasmi di DUN dan bukannya mempublisitikannya..ReplyDelete
dan pasti kerajaan akan memberikan penjelasan mengikut saluran yang betul..ReplyDelete
Kerajaan pasti mempunyai alasan tersendiri tentang bon itu.ReplyDelete
But still no bankruptcy has been reported.ReplyDelete
do we still have the 1.2billion in Hong Kong to compensates for the losses?ReplyDelete
Why not wait for Hong Kong ICAC to clear the air?ReplyDelete