HANTULAUT: Chinese

Showing posts with label Chinese. Show all posts

Tuesday, February 3, 2015

Are The Chinese Overly Sensitive, Or Politicking ?

Hantu Laut

Malays are seldom racists, misguided maybe, but there is no inherent racism in them. Ibrahim Ali and those of his ilk is a different kettle of fish.Even they are not racists, they are just very angry Malays.

Ismail Sabri's choice of word may not be pleasing to some people's ears, but he made a very specific and profound statement...."boycott the Chinese traders who refused to lower prices" , the emphasis was on "those who refused to lower prices"

If people have not read between the lines there would not be a problem, or allegation of racism. He did not say boycott all Chinese traders, just those who refused to lower prices.

Can you blame him?

Let's get our perspective right, the reality, almost 90% of retail businesses in this country are in the hands of the Chinese in urban and semi-urban areas and the majority of consumers are Malays/Bumiputras with limited spending power.

The non-Chinese outlets are minute, insignificant and immaterial to mention.

Sometimes, when push comes to shove, bluntness get noticed.

Friday, October 25, 2013

Where Ignorance Is Bliss, 'tis Folly To Be Wise: Bumiputra Follies

Hantu Laut

Today, Suria Capital Holdings Bhd proudly announced its JV with SBC Corporation Bhd to develop Jesselton Quay to the tune of RM1.8 billion in net sale value. Both are public listed companies on the KLSE, one bumiputra dominated and the other Chinese dominated. Suria's asset base is bigger than that of SBC.The story here.

It's the same old story with most GLCs, they can't do their own things, forever will never learn the trade, or run a proper business of their own. They will always run to the Chinaman to do the business for them.

It is time that all bumiputra individuals, enterprises and GLCs grow up, learn to take risk and do their own things.

The biggest culprits are GLCs run by bumiputras who do fuck all, give everything to the Chinaman to do under JV scheme, where greater part of the profit will go to the Chinaman and the government agency landed with teeny-weeny portion of the profit.

All over the country the same stories are being repeated year after year and the bumiputras never got to learn the trade and they are happy not to, doing so mean having to do extra work.

I have seen over the years that I have been doing business here and in Peninsula Malaysia almost every GLCs over there and in Sabah with prime land in the middle of the city do JV with Chinese businessmen to develop the land that they got for nothing from the government .

For the happy Chinaman the land cost is zero and the risk is almost zero, all they have to do is provide the building plans, raise the financing, appoint the contractor and market the properties and all the costs are paid for by the project, while the so-called high calibre bumiputra management team sit on their arses and enjoy the big fat salaries and perks for doing nothing.

Is it that difficult to be a developer like the Chinaman?

All Chinese businesses had humble beginning, start from the bottom and build their way up, they don't go to college to learn to be a contractor or developer. It's a learning process that takes years through experience and exposures. Some will succeed and some will fall by the wayside, but that the risk you have to take doing business.

It is a great shame that with such prime land and a bankable proposal the bumiputras still can't undertake the project on their own.

Name it, SEDCO, SUDC, Warisan Harta Sabah and many others, there is always the indispensable Chinaman in the midst.

Maybe, the government should employ only Chinaman to head every GLCs, so all the profits can stay with the company.

It's obvious without the Chinese the economy of this country is fucked.

Thursday, July 18, 2013

Forbes Malaysia's 50 Richest: Apa Lagi Cina Mahu ?

Hantu Laut

We all can play the devil's advocate.

Are the Chinese really second class citizens in this country? Marginalised, sidelined, unrecognised and unappreciated?

So, if that is true, how come there are so many rich Chinese in this country?

Of course, the Chinese will say they work hard, harder than the Malays, which is true, no one will dispute that. Not only they work harder, they are also very frugal with money. They spent money to make more money. They not only take, they also give back to society when they become very rich.

The question is if the Chinese were so discriminated against by the government how was it possible that their enterprising nature were allowed to bloom freely making many of them filthy rich?

Aren't liberal government policies part of the reasons the Chinese had it easy to conduct their business in the country?

The words discrimination and sidelined have been used very freely by some Chinese leaders in the opposition.

Forbes just released the list of Malaysia's 50 Richest.

In the Top 10, there is 1 Malay and 1 Indian, the rest Chinese.

In the Top 50 there are only 9 Malays, 2 or 3 Indians, the rest Chinese.

The combined wealth of the Chinese in the Top 10 is $40 billion compared to the Malay chicken feed $2.7 billion of one lone ranger.

I need not give the total wealth in the Top 50. It can reach the stars.

Hahaha! Should I say (pun intended)....... apa lagi Cina mahu?

Maybe, the Malays should work harder for their money...........not just waiting for windfall from government projects without sweats.

Net Worth Age1