Protect Workers Rights By Cancelling The RM 5 Billion Injection Of EPF Funds Into Valuecap Following The Federal Government’s Failure To Convince EPF Members That It Will Not Be Used To Bail Out Politically-Connected Parties.
I have received many queries and expressions of concern by workers from Penang about the security of the government injecting RM 5 billion of Employees Provident Fund(EPF) into the Valuecap Sdn Bhd investment fund to buy under-valued stocks. Deputy Prime Minister Datuk Seri Najib Razak should reveal the full list of shares bought from the RM5 billion EPF injection, to assure the public that the monies will not be used to bail out politically connected companies.
Najib’s failure to do so has only strengthened public demands that the Federal Government proves its protection of workers rights by cancelling the use of RM 5 billion of EPF funds for Valuecap Sdn Bhd. So far, the public does not know whether the value of the shares bought by the RM 5 billion funds have increased.
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Excerpt from Speech During Sarawak State Annual Convention
DAP Opposes The Judicial Appointments Commission (JAC) Bill That Does Not Promote Judicial Independence And Affects The Constitutional Rights Of Sabah And Sarawak In The Appointment Of Judges.
Similarly, DAP opposes the JAC bill that does not promote judicial independence and affects the constitutional rights of Sabah and Sarawak in the appointment of judges, including the Chief Judge of Borneo. The JAC is still a body controlled by the Prime Minister who decides not only appointments of its members but also who to recommend for consideration.
There have been concerns that by establishing a new body that decides on judicial appointments, Sabah and Sarawak’s rights have been affected without due consideration to the constitutional provisions under Article 122B and Article 161E(2)(b). These two articles in the Federal Constitution serves to preserve, protect and promote the rights of Sabah and Sarawak over the appointment, removal and suspension of judges for the High Court of Sabah and Sarawak. In other words the rights of Sabah and Sarwawk are not consulted or taken into account as required under the Federal Constitution as agreed to when Sabah and Sarawak joined to form Malaysia in 1963.
Ketua Menteri Pulau Pinang, Y.A.B Tuan Lim Guan Eng menegaskan bahawa peruntukan pembangunan Persekutuan yang disalurkan oleh Kerajaan Persekutuan kepada Negeri Pulau Pinang seharusnya setara dengan cukai yang dibayar oleh rakyat negeri ini.
Menjawab kepada soalan lisan Lim yang juga Ahli Parlimen kawasan Bagan di Dewan Rakyat, Timbalan Menteri di Jabatan Perdana Menteri, Y.B. Dato’ Mohd Johari Bin Baharum menjelaskan bahawa peruntukan pembangunan Persekutuan yang telah disalurkan kepada Negeri Pulau Pinang dari tahun 2000 hingga tahun 2008 adalah sebanyak RM8.965 bilion.
Lim menekankan bahawa jika dibandingkan peruntukan Kerajaan Persekutuan tersebut dengan cukai yang dibayar oleh rakyat Pulau Pinang dari tahun 2001 hingga 2007 seperti yang dimaklumkan oleh Timbalan Perdana Menteri merangkap Menteri Kewangan, Datuk Seri Najib Tun Razak ketika menjawab soalan lisan Lim di Dewan Rakyat, rakyat negeri ini telah membayar cukai sebanyak RM15.619 bilion – lebih kurang dua kali ganda daripada jumlah peruntukan yang disalurkan.
Datuk Mohd Johari turut memaklumkan Lim bahawa daripada jumlah keseluruhan RM8.965 bilion, pecahan peruntukan pembangunan Persekutuan yang telah disalurkan kepada Negeri Pulau Pinang dari tahun 2000 hingga tahun 2008 secara adalah seperti berikut:
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Malaysians would consider it irresponsible and immoral for the Federal Government or any other party to earn RM 16 million a day at the people’s expense by merely manipulating petrol prices that does not reflect the plunging international price of oil which is currently at around USD 40 per barrel.
Since July 11 when a barrel of oil hit a record $147.27, oil has fallen 72% to USD 40.81 per barrel in less than five months, The expected economic recession following the global financial crisis has caused the drop in petrol prices to its lowest level in four years since December 2004. A front-page report in The Star estimated The Government is set to get windfall gains of up to RM 16 million per day based on crude oil price of US$44 per barrel and a consumption estimate of 27.5 million litres per day. This would work out to extraordinary gains of RM 6 billion a year at the expense of Malaysians. But for whose benefit?
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Speech of Penang Chief Minister, The Rt. Hon. Lim Guan Eng At An International Conference on “The New Economic Vision for Penang and Malaysia” December 5 & 6, 2008 (Friday & Saturday)Traders Hotel, Penang
1. When I took over the helm of the State Government on March 9, 2008, I made a pledge to the people of Penang that we will be fair, just and not discriminate against anyone. The people of Penang had created history by allowing the opposition parties to form the State Government and we have formed a government based on unity and respect for basic human rights and political equity.
2. The new State Government will not disappoint the people of Penang and we want to turn a new chapter. We were determined to do better in drawing in more investments.
Projects Approved by State, 2008 and 2007 ( Ringgit Malaysia ,RM )
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(photo by: Kwong Wah Yit Poh)
I have directed State EXCO member for Local Government, Traffic and Environment Chow Kon Yeow to instruct MPPP to lodge police reports over the vandalisation of the Bahasa Malaysia/ Arabic Road signs in Lebuh Acheh to prevent further sabotage of the 5 Bahasa Malaysia multi-lingual road signs put up by the state government as part of our efforts to promote tourism in the UNESCO world heritage site of Georgetown.
The 2 Bahasa Malaysia/Arabic signboards were vandalised early yesterday morning whilst the other two Bahasa Malaysia/Mandarin and one Bahasa Malaysia/Tamil signboards were not disturbed. Both signboards vandalised by being sprayed with red paint has been cleaned up by MPPP. The police report by MPPP is necessary to indicate the government views such vandalisation seriously as an effort to prevent a repeat of such sabotage by irresponsible elements opposed to national unity within a multi-cultural setting of Georgetown. As a heritage site, Georgetown belongs not only to Penang but also to the world and all Malaysians.
Continue reading “Stop Vandalising.Multi-lingual Road Signs Put Up As Part Of Our Efforts To Promote Tourism In The UNESCO World Heritage Site Of Georgetown.”