Wednesday, June 28, 2017

Three Reasons Isa Samad Should Not be SPAD Chief

Media Statement by Yeo Bee Yin, State Assemblywoman for Damansara Utama on 23 June 2017 in Petaling Jaya.

On June 19, when Isa Samad resigned as Felda Global Ventures Holdings Berhad (FGV) chairman, Prime Minister Najib Razak appointed him as the acting chairman of the Land Public Transport Commission (SPAD) with immediate effect “in appreciation of Isa’s role” in FGV.

This is an absolutely ridiculous appointment. No one will believe that Isa is the best candidate to fill the post left vacant with the retirement of Syed Hamid Albar. Here are three main reasons why Isa Samad should not be the chief of SPAD.

First, he is undoubtedly incompetent. Under his chairmanship, FGV went from glory to sorry.
In 2012, when FGV went for its US$3.1 billion initial public offering (IPO), it was the world’s second largest IPO of the year, after only Facebook Inc’s US$16 billion IPO.

In five years, FGV’s market capitalisation dropped more than 60% from around RM19 billion to only around RM6 billion, meaning RM13 billion had evaporated from the original value of the company.The share price went from RM4.641on June 29, 2012 to only RM1.75 as of close of trading on June 23, 2017.

In addition, FGV started with a cash surplus of RM5.09 billion in December 2012 but four years later in December 2016, it is RM1.97 billion in debt. FGV’s current sorry state of affairs didn’t happen overnight, it was a result of a series of missteps, all of which were made under the watch of Isa.

Sunday, June 25, 2017





Tuesday, June 20, 2017






Misappropriated 1MDB money for MO1 wife's jewelleries more than PERMATA’s allocation

Media Statement by Yeo Bee Yin, ADUN for Damansara Utama on Saturday 17 June 2017 in Petaling Jaya.

The misappropriated 1MDB money used to buy jewelleries for MO1’s wife is more than PERMATA’s annual allocation for 2017.
In the latest civil forfeiture suit filing, the Department of Justice (DOJ) of the United States alleged that some of the money misappropriated from 1MDB was used to purchase 22-carat pink diamond pendant, which worth USD 27.3 million, and 27 different 18-carat gold necklaces and bracelets, which worth USD 1.3 million, for the wife of Malaysian Official (MO1).

Since Rahman Dahlan admitted that MO1 is Prime Minister Najib Razak, then it is obvious who the “wife of MO1” is. In today’s event, Rosmah Mansor has asked Malaysians not to believe in slanders spread by social media. [1] Instead of sweeping the DOJ’s allegations under the carpet, Rosmah Mansor must tell the Malaysian public if she is indeed the “wife of MO1” mentioned in DOJ’s suit filing.

Friday, June 16, 2017

It is unnecessary and untimely for Putrajaya to impose tourism tax.

Media Statement by Yeo Bee Yin, ADUN for Damansara Utama on Saturday 10 June 2017 in Petaling Jaya.

It is unnecessary and untimely for Putrajaya to impose tourism tax.

We are very concerned with the rush of Putrajaya into imposing tourism tax, leaving hotel operators and those who are involved in confusion. It was reported that the taxation rate will be RM20, RM 10, RM 5 and RM2.50 per room per night for hotels with five star, four star, one to three star and other ratings respectively.

The lightning speed of the implementation of the Tourism Tax Bill 2017 passed just a few months ago shows that Putrajaya’s coffer is running so dry that it is going all out to milk more monies from the people in any way possible.

This swift implementation of the law passed in Parliament is in sharp contrast with the implementation of Child Offender Registry, which is provided by Child Act Amendment 2016. The government couldn’t complete the registry, which contains records of convicts who committed crimes against children including sexual crimes, nine months after the law was passed in the parliament (April 2016) and six months after the law was gazetted (July 2016)[i]. (The registry is finally ready now with slightly more than 100 child offenders record.) On a contrary, for Tourism Tax Act 2017, the government can’t wait to execute the law even before it is gazzetted! 

Tuesday, June 13, 2017

Cukai pelancongan tidak wajar, tidak tepat masa

Kenyataan media Adun Damansara Utama, Yeo Bee Yin pada hari Sabtu 10 June 2017 di Petaling Jaya.

Cukai pelancongan tidak wajar, tidak tepat masa

Kami amat bimbang dengan tindakan tergesa-gesa Putrajaya dalam mengenakan cukai pelancongan, yang mengakibatkan operator hotel serta mereka yang terlibat berada dalam keadaan keliru. Dilaporkan bahawa kadar cukai tersebut adalah antara RM20, RM10, RM5 dan RM2.50 sebilik untuk satu malam, bagi hotel dengan lima, empat, satu hingga tiga bintang dan penilaian lain masing-masing.

Pelaksanaan Rang Undang-undang Cukai Pelancongan 2017 yang begitu cepat meski baru sahaja diluluskan beberapa bulan lalu menunjukkan bahawa kantung Putrajaya semakin kering dan memaksanya untuk memerah lebih banyak hasil daripada orang ramai dengan apa cara sekali pun.

Pelaksanaan pantas undang-undang yang diluluskan Parlimen ini adalah sangat berbeza dengan pelaksanaan Daftar Pelaku Jenayah Kanak-kanak , yang diperuntukkan dalam Pindaan Akta Kanak-kanak 2016. Pihak kerajaan tidak dapat melengkapkan daftar tersebut, yang mengandungi rekod pesalah yang telah melakukan jenayah terhadap kanak-kanak termasuk jenayah seksual, walaupun sembilan bulan telah berlalu selepas undang-undang tersebut diluluskan Parlimen (April 2016) dan enam bulan setelah undang-undang tersebut diwartakan (Julai 2016). (Daftar tersebut kini siap dengan bilangan lebih 100 rekod pelaku jenayah kanak-kanak.) Sebaliknya, bagi Akta Cukai Pelancongan 2017 pula, kerajaan nampaknya tidak sabar lagi mahu melaksanakannya, meski ia belum diwartakan.