With reference to my post on A Kadir Jasin opposed Johor Corp take over KFC . Group Chief Executive of Johor Corp Bhd Tan Sri Muhammad Ali Hashim has write a reply to A. Kadir Jasin and has been published on 1st December 2005 issue of Malaysian Business.
Excerpt:+
......we are to be simply painted aside with a very broad brush as if we are an entity that is totally diassociated with the furthering of Malay, Bumiputra and national interests.......
......Indeed, all of us at the JCorp Group, Malays and non-Malays alike, share the view that serving the wider New Economy Policy cause and making a success of it through market driven and market-friendly methods is fundamental and, more so in today's global economic climate, is so critical a part of the broader Malaysian National Agenda. In fact, we have taken the stand that his mission is our very own institutional raison-d'etre going forward......
Comment: Johor Corporation has admitted that it is serving the wider New Economy Policy. I think we should not opposed that. However, I feel government should included GLC's shares in Bumiputra portion when calculating statistic on achievement of New Economic Policy. It is ridiculous to claim that bumiputra only own 18% whereas non-bumiputra find that they do not have much to share especially in banking, plantation and automobile and even fast food industry.
......I do not wish, however, to enter into such further debate here, other than to state my concern about the extensive damage alrealdy done to our corporate reputation due to his apparently one side writing. It was unfortunate that he had made no attempt to clarify matters with us, or seek to hear our side of story. We strongly feel that had he done more indepth research and a balanced and objective analysis, especially on the background situation leading to JCorp's and Kulim's involvement in the QSR and KFC acquisitions, he would probably have arrived at a different conclusion, one that i feel would be fairer and more sensitive to Jcorp's and Kulim's institutional role.
Given his professional standing and reputation, his viewpoints and writings carry a powerful influence on public perception. In the event that he or any of his associates are prepared are prepared to spend some time, my colleagues and I would be happy to relate our side of the story............
Comment: As Johor Corporation have spend some time to write the letter. Why never spend some time to included their side of the story in his letter. Shouldn't it be transparent to the public?
Update : Kulim Control 52% of QSR
The Most Competitive Bumiputra CEO in Malaysia 2005
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