Saving sapura, the orang minyak. Tales by an unknown blogger no 69

1. I am speaking as an economist. The question I am asking is where is the economics logic behind the 1 billion bailout of sapura energy?

2. Thats taxpayers money being used to save an inefficiently run company.

3. Because it's innefficiently and incompetently run company, is the reason why it was making losses in the beginning.

4. And yes, before some jokers say, sapura must be saved because this is maruah melayu, let me a Malay say it first - this is the usual fate that inevitably befalls a company run by the yat yat yay race .

5. When the issue was being debated by Anwar then who wasn't yet the PM, I cited some reasons as to why sapura energy shouldn't be saved . 5(b). Unless the entire management is changed. The ownership is restructured. Workers employed in accordance to merits and efficiency.

6. We have only been told of the bailout. Information of the things mentioned in para 5, have not been answered.

7. Instead, there seems to be a triumphant celebration that a bumi company, incompetently run doesn't bite the dust .

8. If there's no change in ownership, management and employment structure, we are allowing the same bozos repeating the same mistakes.

9. There will be the same profligate spending, bad investments and wrong investment decisions, ignorance of socio economic environment, careless employment structure, incompetent CEO etc. it will be more of the same.

10. Anwar Ibrahim may have been ill advised by Tom Selleck the 2nd FM and the various special interest groups. The officers, friends, reformasi otais etc.

11. If there are no rational economics reasons for the bail out, there must be non economics reasons while eating pasembor, just like laffer who drew up the laffer curve on a serviette.

12. Let me, as a Malay, but not proud in saying it, the first reason must be misplaced sentimentalism

13. This company must be saved. Ini soal maruah melayu. Though it's not soal maruah, when they privatized the profits. In fact they don't give a shit about the plebeian Malays.

14. The ownership is Malay, the CEO Malay, the workers mostly malays. Takkan melayu khianat melayu. Wow, my hair stand on ends.

15. That's exactly UMNO thinking. Retain the same clowns so that they can repeat the same schemes of running things.

16. Hello, remember what pendita zaaba says. Almost always the people who oppress and suppress the malays, are leaders of their own kind.

17. If the government lends 1b at preferential interest rates, the loan must come with several conditions.

18. Change the ownership, change the management, change the workers profile. Change the bod. Bring in new blood. PKR, AMANAH and DAP corporate people. Don't bring umno people. Corruption and profiteering from positions is second nature to them. Put in an oversight committee to evaluate all spending decisions in a week . At the most

19. Here is the most revolutionary thing. Break up sapura into 3, 4 independent companies. Each runs as its own profits centre .

20. They will compete in terms of competency, on effeciency. Most of all, compete in terms of honesty . Very unmalay right?