Tag Archive | "loan"

Why should we care what MBPJ does?

Why should we care what MBPJ does?

MOST ratepayers are unlikely to know this. But according to the Local Government Act, if a local council incurs a debt it cannot pay, ratepayers can be compelled to pay up instead. Section 45 of the Local Government Act states that should the local council default in payment of a loan for three months, the […]

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Allegations of low-cost flat abuse continue

Allegations of low-cost flat abuse continue

THE following is my second press statement on the matter of improper ownership of low-cost flat units. My first press statement dated 24 Feb 2010 revealed that I had found several senior Petaling Jaya City Council (MBPJ) staff owning low-cost apartment units. This was despite them drawing a salary of more than RM2,500 at the […]

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Posted in Letters to the EditorComments (6)

Accusations mount against Rohaizat Othman

Accusations mount against Rohaizat Othman

PERMATANG PASIR, 20 Aug 2009: With four days left before polling for the by-election here, Barisan Nasional is still on the defensive and is struggling to fend off fresh revelations about its candidate Rohaizat Othman. Yusri Isahak Rohaizat’s former legal firm partner, Yusri Isahak, today revealed the direct involvement of his once-close friend and university […]

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Kit Siang to move motion on PKFZ in Parliament

Kit Siang to move motion on PKFZ in Parliament

KUALA LUMPUR, 11 June 2009: DAP parliamentary leader Lim Kit Siang will move a motion to debate the Port Klang Free Zone (PKFZ) scandal when parliament resumes sitting on Monday, 15 June 2009. Lim at the forum “This scandal of all scandals is an utter disgrace,” Lim said in a DAP forum titled The RM12.5 […]

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Posted in NewsComments (1)

Govt to guarantee EPF’s RM5 billion loan to Valuecap

Govt to guarantee EPF’s RM5 billion loan to Valuecap

KUALA LUMPUR, 4 NOV 2008: The government will guarantee the RM5 billion loan from the Employees’ Provident Fund to state investment company Valuecap Sdn Bhd. Deputy Prime Minister Datuk Seri Najib Razak defended the loan and rebuffed speculation that the loan would only prop up government-linked companies (GLCs) on the stock market. “Valuecap has the […]

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