Tuesday, May 01, 2018

Why government giving private company DRB HICOM workers money? Why not all private sector and self employed workers too?

Najib announced that DRB HICOM workers will be paid a special initiative just before election day...DRB HICOM has 2 subsidiaries in Pekan, the Parliamentary Constituency of Najib Tun Razak - Has this got anything to do with this - Why DRB HICOM - but not all other private sector companies? 

PEKAN: All 60000 DRB-Hicom Sdn Bhd workers nationwide will receive a special incentive of RM500 each, which will be given out on April 30.
Now, what is important to realise is that DRB HICOM is no longer a majority government owned or government agencies owned companies. It is a private company...EPF, LUTH and KWAP may now only own about 13% of the company....

If so, is it really more about winning elections?

So, who is paying the money? Is it government money being used? Is it Najib's personal money? 

If this a payment to workers in all GLCs? - Why should the government money (or the Malaysian people's money) be used to pay these workers......OK if the government pays ALL workers in Malaysia....but not just some private sector workers...

And about DRB HICOM workers - well, after GE13 - 18 workers were dismissed...because they submitted an MTUC petition to contesting candidates to get their prior commitment ...and little did their MP Najib Tun Razak do to get them back their employment?

So, is Najib really concerned about workers and trade unions - or is it simply to ensure winning GE14?

Will Malaysian DRB HICOM workers simply be willing to get RM500, and 100 of them a  subsidy of RM172,382 each when they buy houses costing RM207,382 each at RM35,000 per unit, be willing to simply vote for Najib and UMNO-BN?

If they do, I would say they are being 'selfish' and maybe rather foolish to surrender the future of Malaysian, its people including Malaysian workers?

Times maybe desperate as this UMNO-BN government is also offering millions to MTUC...(see upcoming posts)... 

In 2010, it was reported that Khazanah sold off a substantial part of its shares in DRB HICOM(maybe even all). So did EPF/KWSP. 

As far as substantial shareholders of DRB-HICOM is concerned, our government agencies really may have a very small amount of shares - KWSP/EPF(5%), LUTH(4.75%) and KWAP(3.9%) - so slightly more than 13% > without having more than 50% - you do not control any company.
Syed Mokhtar also owned 55.92 percent of DRB-Hicom, the parent company of Proton, which sold 49.9 percent of its stake to Geely..
Based on the DRB HICOM 2017 Annual Report, government agencies ownership that remain is very small - EPF/KWSP(), 

See full post -

Najib and UMNO-BN should not be bothered with Proton(private company) - but rather workers who may lose jobs soon in Proton?


Najib announces RM500 special aid each for DRB-Hicom employees

PEKAN: All 60,000 DRB-Hicom Sdn Bhd workers nationwide will receive a special incentive of RM500 each, which will be given out on April 30.

Prime Minister Datuk Seri Najib Tun Razak made the announcement during a meet-and-greet event at the DRB-Hicom Complex here Friday (April 27).

He also announced that 500 houses would be built under the People's Housing Project (PPR) in Pekan.

He added that 100 of these units would be reserved for eligible DRB-Hicom workers.

"The project will begin in July and is expected to be completed in two-and-a-half years," said Najib.

He said the houses, which cost RM207,382 each, would be sold at RM35,000 per unit.

Najib added that those eligible, who successfully purchase a unit, would essentially be receiving a subsidy of RM172,382 each. - Star, 27/4/2018

Read more at https://www.thestar.com.my/news/nation/2018/04/27/najib-announces-rm500-special-aid-each-for-drb-hicom-employees/#WRgmYD5LUjgx2BkF.99


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