You could call Lulu a stakeholder of what happens to Sime.
Whilst Lulu would like to see the price of Sime Darby shares go up, up and away, Lulu thinks it is wrong-wrong-wrong for the conglomerate to expect IJN to run it per the silly quotes made by
our siily PM Abdullah: Takeover allowed only if company continues to service low income groups
his silly DPM who will someday be our silly [and some say merciless] PM : Company must keep in mind that social responsibility takes precedence over financial gains
our never fail to say silly things Health Minister Liow: Govt will continue to regulate IJN's fees
of course the Government has no objection to Sime Darby buying IJN. They're making money in this venture, and they're giving us silly assuarances expecting us to believe it.
Come on-la, Sime Darby is a listed company who has a responsibility to their shareholders to make money.
How long will it be before ppl who go to IJN for welfare are told to go to the government agencies?
IJN was never meant to be profitable. Public healthcare is never about the RM and sen, but about the lives you safe.
What a stupid greedy government we have.
If they really believe what they are saying, then they should talk to the overcapacity, overproducing and overpaid IPPs.
In August 1998, after reporting its largest annual loss ever,70 Tenaga Chairman Ahmad Tajuddin Ali announced what analysts had long suspected: that the utility was having problems paying the independent power producers and was seeking “deferments and discounts” from them. The Chairman suggested that the IPPs had to consider the “national interest” and hinted that if Tenaga, the sole customer of the IPPs, were to sink, the IPPs would follow. The company withheld payment to the IPPs in August and September while negotiations were pending.If the government could not convince the IPPs on "national interest", do you think they can convince Sime Darby when the time comes?
Yet, it seems that Tenaga was not willing to unilaterally change the contracts. Tenaga asked the IPPs to renegotiate their rates in exchange for extending the PPAs beyond the original 21-year term. In October of 1998 the IPPs rejected this offer, but agreed to amend payment terms, giving Tenaga an extra two weeks to pay for each monthly invoice. This minor change was achieved through regulatory adjustments – the PPAs remained unchanged.
Please join the public outcry against this attempted sale. Lulu thinks [esp since the KT elections are round the corner], the government will
Go read The IPP Investment Experience in Malaysia at http://iis-db.stanford.edu/pubs/20956/Malaysia_IPP.pdf
Thanks to the public outcry, the Cabinet has decided to defer its decision on the proposed privatisation of the National Heart Institute (IJN). Lulu wants to thank all those who showed their disgust to the government, and a special appreciation to the doctors who also stood up against the decision.
However, the cabinet is not exactly saying no, the proposal is dead, but probably buying time to wait until this issue is forgotten and people are not tracking it. We will continue to support each other by looking out for other hanky pankies the government may try to pull.