Tanpa "friends in high places"

slax

Laman web Open Source Investigation mendedahkan sebagai jari jemari disebalik serangan terhadap Dato Najib melalui Tun Mahathir, Clare Rewcastle, Xavier Justo dan Tong Kooi Ong.

Francis membina empayar business melalui "friends in high places" tetapi cara sama yang mana menyusahkan rakyat dengan konsesi lama dan harga yang padding profit melampau-lampau telah dihentikan oleh Najib.

Akibatnya perniagaan Francis mula meruduk apabila kena bersaing. Maka dia pun mula mengatur dendam...

Francis Yeoh owes his success to favourable treatment from governments that preceded Najib Razak’s administration, especially from Mahathir Mohamad’s government. Mahathir who turned 90 this year, was Malaysia’s longest serving Prime Minister, holding the post for 22 years from 1981 to 2003. Mahathir and Yeoh are bound by a long-standing, close personal relationship. Yeoh publicly acknowledges he owes his success to favourable treatment by politicians. In an interview with Bloomberg in 2011, Yeoh revealed he had benefitted from “his friends in powerful places”

https://www.youtube.com/watch?v=67RGyacLAtw

The former PM introduced Yeoh to the management of US-based General Electric, telling them that the only way to maintain their interests in Malaysia would be to commission work from YTL. In 1993, General Electric’s chairman and chief executive Jack Welch, flew to Kuala Lumpur to talk face to face with Yeoh and YTL. GE became partners with YTL on several projects.

In 1992, YTL struck a deal for two gas-fired power plants, becoming the first independent power producer (IPP) in Malaysia, despite the lack of technical experience, manpower or experience. It is an open secret that in order to make the deal more lucrative, the government at the time passed a law obliging Tenaga Nasional Berhad (the state-owned electric utility company) to buy power from YTL at a premium price.

YTL boasts about 70 per cent of its revenue as coming from outside Malaysia and its 10 million customers on three continents. But the various development deals won by Yeoh’s company coincided with PM Mahathir visits to third world countries such as Zimbabwe, Papua New Guinea, Vietnam and Cambodia among others. In 1996, YTL was awarded the Hwange power plant development in Zimbabwe, after the brutal dictator Robert Mugabe, a close friend of Mahathir overruled normal tendering procedures. When Zimbabwe Electricity Supply Authority opposed the sale of the 51% stake to YTL, Mugabe sacked the entire board

http://www.thisismoney.co.uk/money/news/article-1535598/Bribe-probe-firm-in-Zimbabwe-row.html

4.3 Francis Yeoh’s business has struggled since Najib Razak came to office – and has a clear motive to get rid of him

Najib Razak became Malaysia’s Prime Minister in 2009 and began to open up key Malaysian markets, including the energy sector. Foreign ownership of independent power producers has now risen to 49 per cent and the tendering process for infrastructure development has been opened up, building a more competitive environment.

http://www.powerengineeringint.com/articles/print/volume-22/issue-7/regional-profile/malaysia-s-changing-power-sector.html

This has had knock on effects for Yeoh and YTL’s performance. YTL’s declining grip on the energy market was highlighted in February 2014 when a tender contract to run a formerly state owned coal-fire plant –‘Project 3B’ was awarded to 1MDB rather than YTL – prompting the hypocritical ‘crony capitalism’ claim.

http://lifeofaannie.blogspot.co.uk/2014/02/maneuvering-for-big-money-on-political.html
http://www.themalaymailonline.com/malaysia/article/crony-capitalism-in-malaysia-has-to-go-son-of-ytl-founder-says

This changing business dynamic is reflected too in YTL’s financial performance. Its annual profit growth under Najib Razak has been half the figure of 2.47 per annual profit growth under former PM Mahathir Mohamed. In the past 12 months especially YTL has had a particularly poor financial performance – with its parent company suffering a 34 per cent decline in profits between 2014 and 2015

4.4 Francis Yeoh’s link to Tong Kooi Ong

Yeoh is also a close friend and associate of Tong Kooi Ong – publisher of the Edge Media Group who offered Xavier Justo $2 million for his stolen data as we have seen in previous articles.

Sepenuhnya di SINI


sumber http://theunspinners.blogspot.my ... placesytl-mula.html

ifanonline

suruh francis yeoh balii beijing la