Posts Tagged ‘Funds’

Good tidings..

November 17th, 2009
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“Fully employed country” sounds great indeed! It seems economists defined a nation as having achieved full employment when the unemployment rate was below 4%. Since according to Statistics Department our unemployment rate was 3.6% in the second quarter of 2009 (down from 4% in the first quarter of 2009), the country has achieved “full employment”, says Deputy Human Resources Minister Datuk Maznah Mazlan.

Wondering about the fate of the 3.6% unemployed? Never fear, funds are here! Err..or “were” here. TheRM7 billion allocated under Working Capital Guarantee Scheme has been all used up and disbursed to 5,329 small and medium entrepreneurs. The scheme is given to those with working capital of less than RM20mil. The funds was increased from initial RM5 billion and was expected to last till END OF NEXT year, but alas, our deprived or overly-enthusiastic entrepreneurs couldn’t wait that long. International Trade and Industry Minister Datuk Mustapa Mohamed said 5,329 entreprenuers, 24% of them were bumiputras. The top borrowers are from the retail, wholesale and restaurant sectors (securing 36% of the funds),  followed by 25% in the construction sector and 24% in the manufacturing sector. The independent MP Ibrahim Ali had to play his part and ask why only 24% bumiputra. According to the minister, many of them had been affected by the slow economy and did not expand their business. Or maybe competition is tough. Or maybe just too many loans available for them. Or maybe they are rich already (no more entrepreneurs). Or maybe only given to cronies. Or whatever.

Not only locals are fully occupied, even foreigners are flocking into the country as tourism industry picks up momentum. Tourism Minister Dr Ng Yen Yen must be very proud when she mentioned the below:

Foreign tourists arrival have increased by 14.3% in October A total of 2,078,485 tourists visited Malaysia in October compared with 1,818,304 tourists for the same month last year. From January till October, foreign tourist arrival increased 7.2% to 19.45mil compared to 18.14mil for the same period last year. The 10 countries with the most number of tourists visiting Malaysia are : Singapore, Indonesia, Thailand, Brunei, China, India, Australia, United Kingdom, Philippines and Japan. Of the countries, Australia tourists increased by 23.6%, followed byUnited Kingdom 19.5% and Singapore 16.6%. Revenue for the period January to June recorded an increase of 0.03% from RM24.46bil to RM24.47bil.

So, there you go folks! Good news as the year comes to an end in about 44 days. So go ask for bonus from your boss! 🙂

8 tamil schools in danger

November 13th, 2009
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While its good to hear that Selangor government is allocating RM4 million for Tamil schools next year, the news that 8 schools are having low enrolment is a cause for concern. Why aren’t the schools relocated like those Chinese schools? Even today’s paper mentioned about relocation of a chinese primary school from Bagan Hylam to Bukit Tinggi 3, Klang with expected enrolment of 1500! The school got free land and RM1 million from developer while government giving RM3 million.

But Tamil schools? Not many developer want to give land. And government not  giving enough funds to build buildings that cater for large number of students. The money given is barely enough for population of  few hundred students only. After few years, overcrowded.

THE Selangor government has allocated RM4mil in next year’s budget for the development of Tamil schools, reported Malaysia Nanban in its editorial.

It, however, added that eight Tamil schools in Selangor may be closed due to low enrolment.

Education, Welfare and Research Foundation president S. Pasupathy said during a press conference that six schools in the Batang Berjuntai area have fewer than 30 students.

“If Selangor faced this situation, there is a possibility that other Tamil schools could be facing the same problem,” he added.

Pasupathy asked Indian organisations to get parents to send their children to Tamil schools, otherwise the continued existence of Tamil schools could be affected.

SJKT Ladang Bukit Jalil still waiting for building

November 10th, 2009
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DPM Muhyidin came and went. 2 million promised (and reported by all major newspapers). Building to be ready in time for 2011 intake (another 13 months left). And forget to mention that there’s no field, no place for expansion.

Last cabinet committee on Indian community saw news that funds allocated were not enough, and the MIC requested for extra RM85 million or so. So, what’s the fate of this school?

Uthayakumar’s Human Rights Party organised a protest at the site:

One of the PIBG committee members, V.Shanthi, said that the committee were kept is dark by the Education Ministry, DBKL and the Wilayah Minister on the supposed extension building to be build at present school site.

At the proposed new site:-

1) With One acre only it is insufficient for future expansion.[this is normal. No thought is even given for future use. Typical planning (in)capability]

2) The classrooms are much smaller then the standard size. [this is serious accusation!]

3) There is no space for school field.

4) There is a future plan to build a LRT station nearby. This will cause a massive traffic jam and it is unsafe for the children.

5) There is no proper planning by DBKL because it involves a Tamil School. But when come to Malay and Chinese schools they will take into consideration the future expansion. These are the injustices that we are against.

Meanwhile at the present site, there is around 26 acres of reserved land and it is in a safe place for children away from main roads. Why can’t the UMNO government give 6 acres out of the 26 acres land to this Bukit Jalil Tamil School? They will have enough places to build a school field, an assembly hall for children and for future expansion.

Going back to history, when Bukit Jalil was slated to build a mega Sports Complex there RM Billions was for Commonwealth Games in 1998. During that time the UMNO government spent Billions building the Stadium, sports complexes, apartments, schools and etc but when it comes to this 80 year old Tamil school UMNO did not bother to upgrade as they had done for the Malay schools.

The Indian settlement in Kg Pandan KL will also be developed and majority of the residents are to be shifted to Puchong. Another big load of students will be coming in. How is SJKT Bukit Jalil going to cope with the sudden increase? Or would the students be pushed into national type schools?

The school was embroiled in controversies since last 2 years – flooding, relocation to cemetery plot, etc. (Just search in this blog). The parents and PIBG have done alot, putting to shame those in power. Even hired own contractors to fix proper drainage!

Today, The Star reported that the school is in the dark and no communication from the relevant government agencies.

THE SJK (Tamil) Bukit Jalil Parent-Teacher Association (PTA), School Board and Residents Committee members are in the dark over a proposed new Tamil school.

School Board chairman K. Venkata Ramani said when Deputy Prime Minister and Education Minister Tan Sri Muhiyiddin Yassin visited the school in April, he gave an assurance of an allocation of RM2 million for the new school, which would have additional facilities.

“Tan Sri Muhiyiddin added that the proposed new school would be ready by 2011. There is now a signboard for a proposed SJK (Tamil) Bukit Jalil Tambahan about 1.1km from the existing school.

“We want the new school to have a field and more classrooms.

“We also want the existing school to remain here as it has been here for the last 80 years and has rich history,” said Venkata, who queried why the Education Ministry had not informed the PTA nor sought its suggestions on the project, although they had sent a letter to Muhiyiddin, the Education Ministry and Public Works Department last month. [because of inaction from the officers, the Minister is in a tight spot.]

“Our present committee wants to settle this before the next committee takes over,” he said.

SJK (Tamil) Bukit Jalil school board treasurer Gunasingam Veerasingam said that the school had 114 pupils and 15 small classrooms which could accommodate 10 to 15 pupils each. It has only a badminton court for the pupils to play sports and the grounds are hit by frequent flash floods.

SJK (Tamil) Bukit Jalil PTA chairman Balakrishnan Sadaian added that Deputy Federal Territories and Urban Wellbeing Minister Datuk M. Saravanan had said 200 Indian families from the Kampung Pandan Indian settlement would be shifting to Kuala Lumpur City Hall’s People’s Housing Project (PPR) Kampung Muhibbah flats next to school soon.

“The existing school won’t be able to cope with the influx,” he said.

The SJK (Tamil) Bukit Jalil PTA, School Board and Residents Committee members want a detailed report on the proposed new school.

So, who is going to do the fire-fighting this time? The Deputy Minister for KL, Saravanan? Maybe ask the parents and schools to look at the “bigger picture!”  🙂

Its this kind of news that erodes the faith of the community on the government and its leaders. Promises not fulfilled. Or promise something that is stop-gap measure. No long-term solution. Regardless of which coalition, the problem still remains.

Anyway, I did suggest that in 10MP, a project is created to convert about 30 schools a year from partially-aided to fully-aided status. Within 5 years, at least 150 schools will be converted, which is nearly  half of the total number of partially-aided schools. Let’s see if any action is take this time, or more empty talks only.

MyKasih Program

November 10th, 2009
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This is an interesting concept due to the idea that every single sen of donation will be fully transfered to the recipients, no hanky-panky stuff. The recipients can use their MyKad account to purchase groceries directly from selected sellers. No use of cash. So, donors can contribute without worry, and the Foundation aligns with local NGOs to identify the needy.

A good project indeed!

Their website is http://www.mykasih.com.my

MYKASIH Foundation reaches out to more members of the community in the Klang Valley with the launch of its MyKasih – AmBank Group Community Programme in Sentul.

This is the fourth of such initiative by MyKasih Foundation following the launch of similar programmes earlier this year in Selayang, Puchong and Jinjang.

The success of these programmes has attracted a new corporate sponsor to step forward.

MyKasih Foundation chairman Ngau Boon Keat said MyKasih was a programme targeted at the poor members of society.

“The programme is more than just about subsidising the purchase of essential groceries. It also incorporates financial literacy courses and skills training for the recipients.”

“A corporate sponsor, in this case, AmBank Group, has entrusted MyKasih with their contribution.

“Our non-profit organisation partner in Sentul, the Lions Club, helped select the recipient families,” Ngau said at the launch.

“Funds are channelled to the housewife of each recipient family as a monthly allowance in her MyKasih account.

“The housewife will be able to buy selected essential grocery items using just her MyKad and a PIN. The transaction is convenient and safe as no cash changes hands.

“Instead of just receiving handouts, these families are able to make their own purchasing decisions. And as a result, a sense of independence and pride is instilled,” he added.

AmBank Group is donating RM50,000 towards the MyKasih programme in Sentul.

Fifty households will benefit as their spending on essential groceries will be subsidised for one year.

AmBank Group chairman Tan Sri Datuk Azman Hashim said: “Essentially, under this programme, AmBank Group will provide an allowance of RM20 per family per week to help defray the cost of essential food items.

“With the funds, the families can buy food items like rice, sugar, flour, milk and cooking oil.

“We are pleased with the method of distribution of the funds to the chosen families.

“The distribution is transparent and there is no question of abuse by any party.

“With the launch of the Sentul programme, more than 200 families will now benefit from MyKasih’s innovative food-aid programme.

“In conjunction with this, there will be a financial literacy programme where participating families will attend talks conducted by volunteers who will share their expertise and knowledge in financial management.

“This programme, we hope, will help the needy to learn how to cope with difficult times and maintain a sustainable lifestyle,” added Azman.

For more information onMyKasih, visit www.mykasih.com

Buying over debts?

November 10th, 2009
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I’m not sure what the action means. Is Buying over debt same as bailout or not? Can someone explain?  Is the state government paying Rm392 million to the debtors, and will later collect the money from Talam?

The Selangor assembly has approved a supplementary budget awarding a grant of RM392 million to Menteri Besar Incorporated (MBI) for a debt recovery exercise.

The state assembly reshuffled its schedule to table the supplementary budget today, while the 2010 budget will be tabled tomorrow.

Menteri Besar Khalid Ibrahim said the purpose of the grant is to allow MBI to ‘buy up’ debts amounting to RM392 million owed by property developer Talam Group Corporation (Talam).

The group, over the decade, has accumulated debts with various state subsidiaries and agencies like Unisel, the Darul Ehsan Group and Selangor Education Foundation.

“We are realising those debts,” said Khalid, explaining that MBI now has the right to collect on the ‘purchased’ debts.

He explained that the process has taken a long and circuitous route because of the need to adhere to treasury guidelines.

“Before you take money out of the state treasury, you have to have it approved in a motion,” he said, adding that several procedures have to be followed before the grant is released to MBI.

“MBI will ensure that public-listed Talam fulfills its obligations. The recovered money will be injected into the state government’s consolidated funds. Talam has three months to settle its debts,” said Khalid.

Khalid, who is also the Ijok assemblyperson, said that there have been other cases of companies owing money to state subsidiaries.

“The MBI is setting the procedures down, so that we may do it again,” said Khalid, signalling that there may be efforts by the state to go after these errant debtors.

“There are a lot more resources that the state can unlock and recover,” he added.