Monday, May 11, 2015

What about EPF/KWSP funds - has it also been wrongly used?

What about KWSP/EPF money? Has it also been used by the government for bail-outs? Or maybe enriching certain parties?

Remember that as a means of overcoming Malaysia's economic difficulties - the BN government decided to allow workers to take out money from their 'savings for old age'(simpanan hari tua) from the Employees Provident Fund(EPF/KWSP) and use it now ... now, they tell us that the monies remaining will not be enough for these workers in their old age...

Workers were allowed to take out money from EPF to buy houses - but alas, prices of houses are not low...and the government failed to keep it low. Hence, on retirement, will workers still be burdened with housing loan and other loan repayments - over and above the monies needed to survive in Malaysia? 

Looking at the growing national debt, one has to be worried. One wonders whether Najib and the present BN-government are only concerned about the NOW - not the future wellbeilng of ALL Malaysians? 

Najib just recently announced that workers in Malaysia who started to enjoy a minimum wage as of 1 January 2013 - will still have to be satisfied with the same minimum wage rates... and it has been more than 2 years and 4 months... Would Najib's announcement on Minimum Wage affect outcome in Permatang Pauh and Rompin by-elections?

BR1M - well, this is in no way a sustainable solution - it is akin to monetary handouts as and when I like it. It is not yet a GUARANTEED RIGHT in law... without a solution that will overcome the poverty in Malaysia - our future is bleak.

BR1M - Those who 'stole' RM3.34 million of our money must be charged, tried and convicted?

Unjust BR1M - the poorer must receive more assistance...the richer households lesser

21 million poor Malaysians in need of government financial aid? Poverty line income should be increased to RM3,000 in line with BR1M

Welfare Department provides for assistance to the elderly but RM300 per month is certainly not enough...

Malaysians disappointed over explanation given by Tabung Haji - Husam Musa

Malaysians disappointed over explanation given by Tabung Haji - Husam Musa
HUSAM: -Can a board change its decision easily just upon the advise given by the Prime Minister? - File pic 
KUALA LUMPUR: PAS vice-president, Datuk Husam Musa says Malaysians are disappointed with the explanation given by Lembaga Tabung Haji (TH) which is seen as endorsing a ‘sacred duty’ of paying RM188.5 million to 1Malaysia Development Berhad (1MDB).

“There was no cancelled transaction, no remorse and apology.

“There wasn’t even an explanation on why a full payment was made during the signing of the sales and purchase agreement and how a high payment was approved.

“And also other issues disclosed from the document,” said Husam in a media statement yesterday.

The Salor state assemblyman said that the explanation given by TH chairman, Datuk Seri Abdul Azeez Abdul Rahim regarding the matter during a press conference yesterday only angered the people.

READ ALSO:  Tabung Haji decides to sell TRX land - Abdul Azeez

“The sale of the land within this one or two weeks with a profit of RM5 million is supposedly done to respect the its depositors.

“He said it is also done upon the advice given by the Prime Minister, Datuk Seri Najib Razak this morning (yesterday),” he added.

Husam said the announcement made by Abdul Azeez that TH had agreed to sell the land which it refused to do so in the beginning created many questions among it including the integrity of TH and the credibility of the UMNO Supreme Council member.

“Can a board change its decision easily just upon the ‘advise given by the Prime Minister’?

“If that is the stand of TH, how are we to ensure that the decision taken earlier to purchase the land was not upon the ‘advice of the Prime Minister’?” questioned Husam.

Abdul Azeez in a press conference yesterday had announced that TH would sell the recently purchased land from 1MDB worth RM188.5 million at the Tun Razak Exchange.

He said that the decision taken by TH was done upon the advise of the Prime minister in respect to the depositors trust.

On Friday, The Benchmark blog as well as other blogs published a document, claiming that TH has purchased two plots of land at Tun Razak Exchange (TRX) for the price of RM772 million, using the money deposited by contributors and not the government’s money.

Following the revelation, the former prime minister, Tun Dr Mahathir Mohamad had urged for TH to cancel the transaction immediately.

READ ALSO: Tabung Haji funds shouldn't be used to 'bailout' 1MDB: Dr Mahathir

Dr Mahathir said that the depositors cash used by Tabung Haji for the transaction is not owned by them.

"The money in Tabung Haji is from contributors and Tabung Haji has been entrusted to manage it well, in a manner permitted in Islam. This money is not Tabung Haji’s. It is sad when this money is used to bailout 1MDB from its debts,” said Tun M.

"1MDB made a massive profit. Actually, this land was supposed to be a Bumiputra trade centre. But 1MDB has set aside this project. Is this how Tabung Haji utilises the money that people have entrusted them with?" he questioned.

"This plan needs to be cancelled immediately," he said.

Deputy Prime Minister Tan Sri Muhyiddin Yassin has also expressed support for the statement by the UMNO Youth in calling on the Finance Ministry and Tabung Haji to explain on the land purchase by Tabung Haji from 1Malaysia Development Berhad (1MDB).

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