Sunday, June 29, 2025

Billionaires politicians, they have been good at enriching themselves

By C C Pung
Justice of Peace

I’m thinking.

No, I’m wondering…Daim Zainuddin accumulated multiple billions before he died.

Tun M’s children are still alive, and they are already billionaires.

If I counted all the Tun M cronies and their cronies, and more recently the Malay politicians whose names were mentioned in the same sentences with millions and billions, these makes may not have made Forbes’ ‘rich list’ but they certainly would qualify for the scandal list which Foebes may be compiling.

Stolen or earned, the amount of wealth associated with these characters demonstrated that they have been good at enriching themselves.

That there is in the Malay DNA the genius in entrepreneurship.

The Malaysian govt spends a great deal of money and dedicated institutions to promote entrepreneurship and dishing out easy loans to help bumiputera entrepreneurs.

I don’t know much.

But I don’t think many will have the word ‘success’ in any conversation on the subject.

In come Daim and all the Malay mavericks who made it.

Why can’t these successful people share their expertise with their bumiputera brethren or better still lift them up worth their expert mentoring.

Instead of ‘kita tolong kita’, why did Daim choose to have his immense wealth (as the MACC reveals) tied down in London properties?

Instead of wasting millions conducting courses run by pseudo experts and getting Talent Corp to try to woo back Malaysians who’ve fled the country, pragmatic steps should be attempted to rope in the innumerable number of bumiputera (read MALAY) MBAs, the CEOs and CFOs of the innumerable GLCs, and agencies who manage billion-ringgit portfolios.

PETRONAS, MAS, Tabung Haji,… plenty of clever people there.

No?

I’m a journalist.

Redundancy is a watch word that reminds me of word economy in my writing and the need to be concise.

I was reminded by an old friend, an editor of a Chinese newspaper’ that I didn’t need to shed my pants just to fart.

Available statistics tell us we have many successful, living Bumiputera entrepreneurship to steward new generations of wannabe entrepreneurs to leapfrog our economy, quantum leap our productivity, prompt management innovation, preach business integrity and kick off a mental revolution.

Think.

Editor: The views expressed are those of the writer and not necessarily reflect  those of talantang.com

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