Friday 28 June 2013

TRUSTEES playing DUMB in theme park?

This is what Khazanah Nasional Berhad's website says about the government investment arm.

Khazanah Nasional Berhad is the Government of Malaysia's strategic investment fund. As trustees to the nation's commercial assets, our role is to promote economic growth and make strategic investments on behalf of the Government which would contribute towards nation-building.
Khazanah is also tasked to nurture the development of selected strategic industries in Malaysia with the aim of pursuing the nation's long-term economic interests.
Khazanah has investments in over 50 major companies, both in Malaysia and abroad, and our companies are involved in a broad spectrum of industries.
Khazanah is also the key agency mandated to drive shareholder value creation, efficiency gains and enhance corporate governance in companies controlled by the government, commonly known as Government-Linked Companies, or GLCs. 

In my last posting I was thinking aloud about Khazanah's elegant silence on a proposed theme park, on a heritage piece of Kuala Lumpur's green lung near Tugu Negara, by their 'Leisure and Tourism Division" company Themed Attractions & Resorts Sdn. Bhd. 

Was told earlier today some senior officials in Khazanah have actually broken their elegant silence. 

It seems that they have been saying a lot accusing bloggers and 'anti-govt' people of not telling the whole story about the proposed theme park on a 26.3 hectare site right in the heart of Kuala Lumpur (its a green lung too).
The proposed site of Khazanah's them park in KL
The problem with some arrogant knuckleheads is that they don't recognise the problem. 

NO! No one has stood up (yet) demanding for heads to roll for such a ludicrous idea of developing a theme park on that piece of Government property.

NO! We have not (yet) demanded for the entire board of  Themed Attractions & Resorts (TAR) or Khazanah's Investment Directors who sit pretty in the company to be sacked. 

We are also not telling the Prime Minister, yet again, that Khazanah is due for some serious 'transformasi' at the top. -Remember how some of them almost fooled the PM with the MAS-AirAsia share suap?

My advice to the all too powerful and increasingly arrogant Khazanah boys is simple. Don't start pointing fingers at others when you know very well that the stench is emanating from the load of shit in your backyard. 

Don't tell people that the shit belongs to TAR and that the company must clear it because YOUR executive directors and directors in charge of investments are sitting in TAR.

Stop accusing bloggers of telling half truths when you don't have the guts to stand up, own up and explain this shitty idea of developing a theme park near the National Monument.

Please re-visit earlier postings on this shitty theme park idea here, here, here, here and here. Read slowly and tell me which part of the expressed concerns that you don't understand.

It seems to me that some Khazanah directors and their businessmen friends are so dumb that they think they could get away with such an idea.

It appears they have fooled the Khazanah top guns with the theme park. 

If Azman Mokhtar thinks he was/has not been fooled then Khazanah should build up their guts to stand up and explain this dubious theme park project to the ordinary rakyat.

If you don't, we may call for heads to roll. We could start with the Khazanah directors who make up TAR.

How could we TRUST you and your directors with the nation's commercial assets when you play dumb about this brilliant theme park project while maintaining an elegant silence?

Kenneth Shen

Kenneth Shen was appointed Director of Themed Attractions and Resorts on 25 August 2011. 
He is currently Executive Director of Investments in Khazanah Nasional Berhad. 

Stephanie Saw Ai Lin

Stephanie Saw, aged 38, obtained a BSc. Accounting and Law from the University of Southampton in 1996 and has been a Fellow of the Chartered Institute of Management Accountants since 2003. She joined Khazanah in 2007 and is currently a Director in the Investments Division of Khazanah

Zaida Khalida Shaari

Zaida Khalida Shaari joined Khazanah in January 2007. Currently a Director in Khazanah's Investments Division, with the oversight responsibility for Khazanah's property projects in Singapore and the Wellness sector, Zaida spends considerable time working on various aspects relating to the Iskandar Malaysia development.

Ganen Sarvananthan

Ganen Sarvananthan was appointed as Director of Themed Attractions and Resorts on 15 June 2009. He is currently Executive Director of Investments in Khazanah Nasional Berhad. 

Remember that our reports are based on TAR's official announcement about the project, including the date of completion, and not based on hearsay or half-truths. We certainly didn't spin. 

Oh yes, we do have an agenda. The agenda is to protect one of the last remaining green lungs of Kuala Lumpur which many Malaysians feel is rightfully an heritage site. 

p/s BTW, what did the PM tell you about this brilliant theme park idea?

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Anonymous said...

Please stop this nonsense by Khazanah.
The Government should instead buy private lands and have more parks in KL. The city is not breathing!

Anonymous said...

Does this sound like Istanbul's Taksim Gezi Park?