Tuesday, October 23, 2012

Syed Mokhtar is a cat that catches mice

It doesn't matter whether it is a yellow cat or a black cat; a cat that catches mice is a good cat. In business, only the fittest will prevail.

Tan Sri Syed Mokhtar al-Bukhary is the business tycoon that can deliver; it seems almost radical to claim that he monopolized businesses in the “sky, land and sea”. In the era of economics transformation, as we have seen that it is not justified to claim that there is little room for small businesses.

The surging debt of companies under Malaysia’s richest Bumiputera has raised tendency of a repeat of the financial system’s collapse in 1998 that had then been spurred by the failure of Renong Bhd to fulfill its liabilities.

Datuk Bung Mokhtar Radin, senior Umno backbencher lashed out at the Najib administration for allowing tycoon Tan Sri Syed Mokhtar al-Bukhary to monopolise all forms of government procurement, saying this was unfair to smaller business players.

He said the government must be aware of the public’s anger over Syed Mokhtar’s “monopoly” of businesses in the “sky, land and sea”.

“Whatever there is in this world, he wants to make a business of it. In the sea, he does business. On land, he does business. In the air, he does business as well.

“If he could do business in the grave, I think he would do it too,” the outspoken Sabah MP grumbled.

“This is the problem here. He has taken on the import business... he takes Keretapi Tanah Melayu Berhad (KTMB), MRT (Mass Rapid Transit) he wants... he wants to take everything.

“Even Tenaga Nasional Bhd (TNB), he wants... and he wants Johor water too,” Bung Mokhtar continued.

This is not the first time that the Umno MP has complained about Syed Mokhtar’s “monopoly”.

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