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I am a Practitioner of 'The 7e Way of Leaders' where a Leader will Envision, Enable (ASK for TOP D), Empower, Execute, Energize, and Evolve grounded on ETHICS!

Thursday, July 21, 2016

Daily Lessons from Life 20July 2016 - 1MDB again n SMRT Privatisation

1. US Justice Department investigating persons involved in money laundering of 1MDB assets

Hmm. Interestingly it said the money ultimately tied to a "Malaysian Official One".

Who could that be?

Will be totally critical to restore some faith in humanity n the belief that ethical n morally right behaviours r still cherished n respected.

Otherwise, how can human beings teach their next generation that uncontrolled greed is bad as it will lead to corruption of self, people who r subject to the corrupt leaders, n no place for ethical n morally right behaviours.

That will b very very sad.

May the investigation restore some faith back. Even if it is just an iota.

2. SMRT formally to be privatised

A national asset that was corporatised n now want to privatise.

While the opposition party is concerned about transparency after it gets privatised, I m interested to know if public money has been used to "help" SMRT, n hence it's major shareholder, Temasek, to make easy profit.

e.g. the S$1B bus enhancement program - how were the money used n if SMRT benefitted fr this?

e.g. the just announced S$1B to buy over "non-performing" rail assets since SMRT could not make enough money to replace them n the public money from the government need not pay the book value. It should be treated as a fire sales as SMRT cannot afford to maintain these rail assets!!

The government really need to help its citizens understand these n not just plan within a powerful, n no doubt very smart n strategic, folks n execute.

Help us understand how the grand plan comes together so that we don't misunderstood that SMRT is just riding on government's charity.

What about SBS Transit's rail assets? 

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