PKFZ 2

The PKFZ had hit the ceiling! Now the government decided to bail out this $4.6 billion baby. Initially the government will pay $510 million to the banks and the balance on progress payments until 2010. It was reported in Singapore newspaper. Our main newspapers didnt write about it. Somehow I feel there is an order not to publish this fiasco. Because it involved the leaders in UMNO and the cronies in AAB. When AAB took office, he promised no mega projects and so he scaled down Dr M's projects. Now see what he is doing.................he makes mega huge projects to rival Dr M. PKFZ now bleeds his administration. It is just hopeless for a PM who doesnt know what is happening. He mustnt listen to his young advisors. It is time he sacked these people. And for goodness sake caned the UMNO youth leaders. There are the ones tempting the patience of the other races in the country. The land bought at a low price then sold in billion to the government! On top of that got contract to a tune of $3.6 billion! Will ACA come to investigate? Or will it go under the hammer of OSA? Now dont listen to the ruling elite. They breathe out lies and more lies to cover their tracks. Why can't they admit they make mistakes? I just wish Tunku is around to helm the country. I think we need the likes of Tunku.....but we can only remember him in memory( For me I had his personal autograph signed in my autograph book something I keep it to remember this great man and leader of the country)