1. In part 1, I touched about the organizational confusion surrounding NFC, the government, MOA Inc and AISB in the National Feedlot project. I had also mentioned about the RM250 mill soft loan at the interest rate of 2% provided to AISB to spearhead the National feedlot project. In part 2, I mentioned the current actual status which is far cry from the intended target and how the project has deviated from its original goals of being self sufficient in beef by 2010. Reality is we are still importing life cattle and slaughtering it locally.
2. The big question that we need to ask for is whether the RM250 mill soft loan was dished out was given to the right company with track record and capability. We need to ask whether RM250 mill was spent totally on the project. The existing infrastructure and animal stocks does not reflect the amount of money. While we can postulate on the various possibility it is not fair to accuse the various parties involved in the beef valley project. As such the next few paragraphs that I wrote must be taken as a plausible theory which has yet to be substantiated.
3. Could it be that the Beef Valley project is just a front? A friendly party has been given RM250 mill dirt cheap loan without collaterals. For the company, they don’t have to make money from cattle business. They just need to spend 10% of the amount to show that some cattle business is taking place. The balance could be invested elsewhere. How would you have invested it?
4. If someone put in a long term FD of 5 years beginning 2007, one would earn an interest of 5% p.a. That is a clean profit of 3% p.a. over cost of funds. In other words, the borrower would have made RM6.75 mill a year. Cool money for not doing anything. The return would be higher if the monies were invested into buying commercial properties where the current market returns is about 7.5% which brings about 12.38 mills a year which is about RM1 mill a month. This is not bad for fresh graduate in the early 20’s.
5. This simple mathematics goes is only correct with the assumption that the borrower will return the principal back to the government. Would that be the case? If someone wants to take advantage of the government, why do it half way. Why not do it all the way? This would means that the RM250 mill will disappears in accounting as losses in the borrower’s book. There are many creative accountants out there which can do wonders with numbers.
6. The point I am trying to make is that the return on investment in this cattle business is fantastic. It is legally legitimate. The only thing missing is the national objective of the “National Feedlot Project” in which the government has no say or will not say anything despite having a golden share. There are no 60,000 cattle. The 310 feeder farm did not supply cattle to NFC. The NFC got their cattle from Northern Territory, Australia. I have seen enough company where the government has a golden share which is used as the basis of bail out.
7. I am not jealous of the duo who owns the NFC. I am questioning the Government on allowing a company to operate a National Organization where the nation does not have any share in it. I am questioning the wisdom of the government which gives RM250 mill soft loan at an interest rate below the market to a company that is owned by some young punks who neither has the experience nor had ever pulled cattle at the expense of national interest. I will ask my MP to raise this matter in parliament.
“Where’s the beef video”
References:
(1) National Feedlot Center under investigation
(2) AgroScience Industries business
(3) Bank Negara Paper – Page 5- Info on NFC
(4) Consortium to import cattle- Bernama
(5) NST – Cowgirl Izzana
(6) Ministry of Agriculture website on NFC
(7) Department of Vet Svs- National Feedlot Corp gets RM250mill govt loan
dear drrafick
,,,syabas ! your sincere persistence and continuance finally bearing its fruits. Works Ministers Datuk Shaziman Abu Mansor has made public the Landslide Reports to enable remedial plus safety actions be professionally addressed BUT still unfortunately its still an the macro-level, lets see how they would manage it at the micro-level, where it counts. We all would like to see more ACTIONS than words or promises !!.
,,,like some others too, i have a house alongside slopy/hilly grounds at Puncak Jalil Hills and such findings will indeed be a good reference for the rest of us too.
Salam.
Dear Capt
(1) The government will only released part of the report. The details are are still under lock and key.
drrafick
balasi/Katakini
Dear me ! I was just kidding with dr an old buddy from the RMAF !..pls in future play it cool, you will get to know me better O.K. bro ?. I have no enemies in life cos. they are all dead. hehehe. RELAX be Cool yaa. Have one on me ! Merci.
Cheers.
I truly like this cow story
Like I have always said:
“we shall wait for the 250 million pregnant cows all to come flying home all at the same time!”
That is when we can get some real decency and accountability back for this country, otherwise we are just a pariah state, no better than Zimbabwe or Burma!
WHAT A SHAME
CSI,
We are already headed that way….., matter of time…., must ask Guiness Book of Records to moniter the progress for it to be recorded officially.
One of the best in South East Asia….., and down the line after fifty odd years…..turning into be a pariah state due to you and me know why. !
Where will the the rakyaat head then……, towards Loas or Cambodia….., or to main land China , India or Indo…., or leave the shore before it affect’s them ….like the exodus…. we are all seeing….., when thousands of malays are migrating.
Doc
Just watching. Couldn’t help myself from jumping in again. Got to mellow down after bulan puasa and Raya.
BTW, keep up the excellent job.
Salam.
Kata Kini,
Wellcome back…., long time Bro…., please don’t go AWOL…., need to celebrate the 1mil., Doc I hope will confirm the date….., venue fixed.
Cheers.
Balasi
Looks like there are a few others that also went AWOL.
Anyway, good to see you and many that are still enthusiastic or ‘passionate’ in their views. Dr. Rafick had done a good job and is reaching for its ‘first million’ (pages read). Though it may not be in cash, and others that may not like or agree with his ‘views’, he still command the attention.
30,000 hits to go within 15 days (till year end) are equal to 2,000 hits per day. Should have no problem. So, you and Dr. Rafick are celebrating?
Kata kini,
It’s not about celebrating…., just to appreciate…, Doc’s effort….., a guy who has sacifice…his own for the others to be heard.
No ordinary…guy…., one of the kind……, we the rest are all ” Jump into the Band Wagon Guys “, it’s just that we care.
error….should be ” sacrifice’ not sacifice
Kata Kini,
You got the nessage….., It will be reality…soon.
Take care.
Kata Kini,
How are you?.
pelangisenja
Alhamdulillah semua sihat. Hope you and all are in good health.
Looks like some had gone AWOL or passive, while on the other hand, some continue to yell when commenting. Yelling should be done only when necessary. Such practice is worst than being critical or sarcastic.
Balasi
It’s a good thought that you appreciate Dr. Rafick’s bloggings. I trust that many other also have the same thought. Hope you all can get together and come up with some constructive plan.
Syukur Alhamdulillah I am fine too.Hope everyone are in good shape and keep the positive comments flowing to reach the million “hearts”.
Dr.,
Even IF they do import in the animals , I can tell you that the biggest problem for the
local beef business for the local Bumiputeras
is the NETWORK / DISTRIBUTION channels for the final products – the beef meat .
Once an animal is slaughtered , it faces a
challenge of time to get the beef to it’s final
consumer as ” fresh ” meat to be able to
get the premium price it needs to compete with the Indian buffalo meat ( which is half the price of the local beef produced ).
I don’t need the RM250 million …. just give me the political will/support , and I can make sure that Bumiputeras will benefit by getting a substantial business of the imported frozen Beef ( Indian buffalo meat)distribution and in the same process , ensure
that the distributors be compelled to handle
/ assist with the local / fresh beef distribution .
All the fresh beef produced will need to be
frozen down if they do NOT have access to the market( customers ) on time .
Once frozen , these will NEVER , EVER be able to compete with the imported Australian ( better quality due to production methods ) , nor with Indian Buffalo ( on pricing ).
So yes , even if they import all the RM250 million , the process will not help the
industry nor the nation as the distribution issue(s) have not been addressed .
My opinion is based on 25 years of food distribution , but unfortunately , the RM250 million decision seems to have been a political investment not properly thought thru’ for maximum benefit for the Nation .
Anyone from NFC can contact me and I will
share my thoughts and also teach them how to build a national (beef) stockpile .
Salam .
jtba
Dear Johan
I believe the succesful breeders are mostly punjabis, indians, very few malays. We must focus on the best breeders and domestic production target.
drrafick
Dr. Rafick,
I agree with jbta…or Johan, whatever it is the final goal is to make sure that the particant’s are Malay and they can get a share of the domestic market both in production and marketing their product’s,
It can be implemented….., but not at the whimp and fancy of the politicians.., but with earnest work…, and it takes time…., let those involve in the business…, help…., anyway most of them are indian muslims.., they do have a soft spot for the malays…., as long as you don’t touch their mother tongue.
the family in charge got indian blood ka? maybe that is why they got the project and the MONEY! hope they talk to the cows.
rocky,
You got me….., not that way lah…, semtiments ?. no but these people were involve with rearing and marketing it for centuries. Don’t get it wrong.
i would like to hear this soon in the House.. see how has to answer..
i wonder what the cowheads of section 23 will say about this? they should be proud here is a Ketuanan Melayu at its best. The tuan has got soft loan but for what? trading? well the govt could have truly help the small guys more so the small Malay farmers but hell no. Lets give it to a 20 year old boy and what’s his experience with cows?
MACC should check this cos this got cows in it. But alamak Ahmad Said is gone. Taxpayers enjoy your beef. cheque will arrive soon.
I smell another SCAM from BN. Sharizat’s family is involved?
RM250m given to a 20 year boy into cow biz? what the cowshit he knows? Where’s MACC? Here are the cows you are looking for, Ahmad.
Your suggestion of giving free cows for breeding was actually tried out, at least in where I am staying, some years back and it was a failure. The breeders sold their cows and then claimed it was either stolen and had gone missing.
One fact of life that had always made such “free” schemes fail was that whenever something free is given there is no responsibility and when there is no personal cost involved cheating then become common.
Dear sunshine
(1) The pawah system works in some places but failed in others. The reasons why it failed was mentioned by you. This is a minority. You need to identify the real reasons on the failure and addressed it. For e.g. If i were to do it,
(a) The pawah arrangement is only used to those participating farmers that willing to train others. The participating farmers usually are already successful to certain degree
(b) They need to sign a contract. If they lose the animal or the animal dies while in their management, they have to pay for the loss. The cost of losses should be more than the cost of animals.
drrafick,
your idea is pactical but i think that there should be an effort in encouraging the newcomers in cattle breeding especially the young group.
Dear dear dear all,
,,,firstly, my personal sincere condolences to all the victims of the BA tragedy last year plus all others being affected all over the country at large plus it never ever did cross my mind to act as anyone’s or group’s UNAUTHORISED SPOKESMEN too. Indeed, heaven forbid it !… who ever got that idea from ?.
,,,However, let us all claim our right to speak, write and think freely as Malaysians, who have the same rights to public space and public representation as the political elite of this country of ours. This is our country, the country of and for all Malaysians, regardless of race, religion or gender.
,,,Writing/commenting the complex plus also at times on unfortunate events in our country can only be an effort that is collective and driven by “an apolitical approach” yet matured but mindful manner to see the rebirth of a free nation-state that reflects, rather than denies, this diversity and living safely together as harmonious malaysian.
,,,YES, indeed to speck out on the basis of transparency – a value I wish and hope to see put to work in our malaysian political culture.
,,,I am very sure that drrafick will also endeavour to accommodate as many queries, comments and suggestions as humanly possible in “HIS” blog site, mind you !! and hope that it will serve as an democratic, progressive, pluralist, multicultural, anti-racist, anti-sectarian and anti-communalist platform for all Malaysians and new found friends of his, whom and together wish to see the emergence of a nation that celebrates its pluralism and diversity plus justice and fair play, from our “blogging views of events” that is of concern to all of the ‘rakyat jelata’ in this beloved country of ours.
,,,no worries matey, I speck for myself without being judgemental, arrogant conceated, self-absorbed, self righteous, self-centered while at it….and would apologise if I accidently does so !!. We should all know our boundaries too yaa….. without being reminded by anyone !?.
Salam.
Dear Dr. Rafick,
A scam….is alway’s a scam….which ever way you look at it…, they scam the provider’s (bank)……., it’s just the status you belong to …, for you to be prosecuted…, or you been declared innocent and …..NFA.
This is a very well planned scheme…., just like how they wipe out the forest in Sungai Panjang…., Sabak Bernam.., to cultivate Pineapple….., now it belong’s to the past .. M.B. and his croniesy for all you know that they cannot cultivate PA and it is all palm oil..plantation’s for them to own for generations to come.
More the reason …for me to hate the Chinamen…., for they are all his henchmen.
And I hate the javanese dr gigi who cheated the melayu to be cheated by the chinamen to surrender their rights to rule the lands. Also I hate the melanau “28-years and counting” white haired rajah dictator of sarawak who has cheated the iban, penan, kayan, dayak, kelabit of their lands and forests and native customary lands….
The hate will go on and on and on… in the process, more people will be cheated and more people will be disillusioned, more people will be hurt.
So the hate of a certain race here must be identified as a TOOL that is exploited by those in power to keep their power in perpetuality.
Stop this hatred.
Direct this hatred towards the individual and the individuals who are responsible of bringing ruin to this country. Make this energy a positive one to bring about their fall from power and the strength to prosecute them to the fullest extent of the laws. If the laws are not strong enough, then CHANGE must take place to put a justice system that is incorruptable in place to carry out the people’s will.
Only then will this hatred be able to end.
Dear Azhar,
Very well written and thought provoking….., I have to agree with you. Thanks.
Dear Dr Rafick,
On behalf of the 14 direct victims, we do appreciate the public and your concern.
Definitely we welcome such comment below;
“Follow up actions on BA
(1) For the 14 direct victims- I believe they are still thinking on what to do”
We would like to tell you and the public more on what we are thinking but not at this moment.
In any event we thank you very much for not acting as our unauthorised spokesmen.
Dear Ungku Farid
(1) When I wrote that line, I did not write in the capacity of being yours or others spokesperson.
I wrote on the basis of what I know from talking to many victims. I believe your interpretation of the sentence have transgressed the extent of the meaning of the sentence. When i wrote, ” I believe…”
A spokes person would not have written in that way, he or she would have said ” The direct victims are planing to do ….). It is quite obvious that you cannot differentiate the two.
(2) I have never been YOURS or the other 13 directly affected residents official spokespersons.
(3) I do NOT intent to be yours (and the 13 others) spoke person
(4) I wish you all the best to be the SPOKE PERSON and the leader for the 14 direct victims.
Having said that, I will NOT stop talking about what i believe is right and what is wrong, irrespective who did or said it. I will not stop talking about the 14 direct victims as well if it is within my rights to do so.
Trust this clarifies.
dear dr,
,,,you know I know that this is really a SCAM, apa orang kata lapis mata dengan bulu kambing ?. But we need to really dig it out and expose them to the general public plus like you say bring it up to your MP. I kind of like this strategy of yours and it may really work !.
,,,what’s happening to the BA follow-up ACTION items, can we have the list of action items plus action parties to keep an close eye on it ?.
,,,again, well done dr, we are behind you all the way !. No worries none with Annuar’s name on the list too. hehehe.
Dear Capt
Follow up actions on BA
(1) For the 14 direct victims- I believe they are still thinking on what to do
(2) For the rest of us-We have prepared our list on issues to be address with MPAJ as well as meeting with the MB. All this will happen in January
dr,
,,,sorry or merci 4 my frenchy language but CSI got my point right on the dot !. Lets round them up ??. yaa.
,,,o.k you might not be the jealous type but most of us are-lah. So lets get them !!. Its about time too. Too many ‘Fat Cows’ on the loose if you don’t mind me saying. Bring them to the “abattoir” finally ?.
Ooooh.. I need to sharpen my french then.. Merci
dig up the bull shit DR!
IT IS NOT BEING BUSY BODY
WE WANT THEM TO BE ACCOUNTABLE
THE MONIES BELONGS TO RAKYAT
NOT THEIR GRANDFATHERS PROPERTY
so that we can cast them out as feed & fodder for the next GE
mother ke son ke daughter ke
we make them payback
work them till they drop
every cent of it
maybe cucu & cicit atau puit pun kerja sampai
langsai utang ni
kita nak dapat 1 acre tanah pun payah
ni 2000 hectare balak
duit balak berapa ?
makan interest berapa ?
semua jadi jutawan dengan tidak perlu kerja
senang lenang aje
250 million so many things could be done with it
JUST ANOTHER SCAM – THE MALAYSIAN BOLEH CONCEPT !
Dr,
Anak sape tu…so paham2 jer lah…even blunter daylight robbery they dont give a hoot…what they care is ketuanan Melayu… Bloody hypopotamus
Doc,
As the saying goes “easy come easy go”. Most likelihood they have squandered the money rather than invested as you had postulated .
More important is whether the government actually learned from the expensive lesson or rather deny & justify the blunder. Will this lead the government to practise transparency & accountability in future:
1. Undertakings should be through a pre-qualification exercise and tendering process. Award will be based on merits.
2. Some sort of collaterals to be imposed such that if not full a part recovery on failed ventures can be sought from the successful bidder.
3. A golden share means nothing if you do not exercise control. And by this it means MOF must put a committed and dedicated person not merely as a director but in executive position.
But , I will be day-dreaming as the modus operandi as always been to enrich my cronies and in return pay into my political fund so that I can remain in power.
Am I wrong to be despondent !
I’m not surprised. Now let the COWGIRL or her Mummy reply ?????
I doubt that they will even bother to reply.
The common response in Malaysia today for such cases seems to be ‘No Comment’, and hope that the old geezer was correct when he declared Melayu Mudah Lupa. And events seems to proof that he was not far wrong.
dr,
,,,my friend, am not trying to be nosy, just bloody curious about the affairs of others or prying and meddlesome about this “bullshit business venture”, am all for “liberté d’entreprenre” but somehow I smell some rats’ shit along its way !. Its an real live episodic thriller genre from what you are describing it plus characterizing its chronicles !!. Geeez.
Dear Capt/Just kidding/Not just kidding
(1) My apologies, I dont quite understand what you are trying to say. Are saying that I am simply busy body in other people affairs? Sorry, my english is quite rudimentary
Dear not JUSTKIDDING anymore,
Don’t try to be a smart ass or arse hole….., forget about your exposer to French language…., and start talking straight like your cock…..if you are a male…., if not I don’t have to go into details …!
Your first comment you started like.., you were licking somebody in the zoo like a frenchmen,….., then the second comment….., you wanted to prove that you are a white washed French chuplang malay who knows how to lick people’s arse.
Go get your fact’s, I await you the whole morning…., failing which……blast yourself into whoever brought you into this world.
Balasi
Keras sungguh. I am not sure if I should be smiling or feel sorry for the fellow.
Anyway, tenang saje lah bro. Don’t get all fired up just because of one who is ID10T.
It’s so funny that sometimes, someone tried to disguise as someone else but it is so obvious that they couldn’t; especially their ‘trademark’ is so clear.
At the moment, I am just ‘watching’.
Katakini
Welcome back..
drrafick
Kata Kini,
ID1OT – Idiot One Of Them……was that your message…, Roger & out.
Will meet soon….so don’t go AWOL.