Found 75 matches for Vincent Tan
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| 2003-05-22 | The Prime Minister revokes a super-crony's casino licence THE PRIME MINISTER, DATO' SERI MAHATHIR Mohamed, broke official
silence at last over Pahang's second casino. He revoked the
gaming licence is revoked because the concessionaire, his
super-crony, Tan Sri Vincent Tan, breached the conditions. "The
machines are supposed to be for the club, not for public use, he
said. Normally when clubs breach the conditions of the gaming
licence, they is charged in court as well. Would this super
crony be treated as harshly? If not, why not? Only slot machinese
(one-armed bandits) were allowed, so and to recover the cost of
the pseudo-French resort built to resemble the French town of
Colmer. Dr Mahathir wanted it,
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| 2003-05-15 | The Mentri Besar of Pahang protesteth too much THE MENTRI BESAR OF PAHANG, DATO' Seri Adnan Yaakob, was so hurt
by the grant of a second casino licence in his state that he
complained about it to the Prime Minister, Dato' Seri Mahathir
Mohamed. It would redound on Pahang UMNO, he warned, to ward off
a determined challenge from PAS. I had, in my last column in the
PAS newspaper, Harakah, written of it under the heading: Pahang
Darul Kasino. The licence was issued to that super-crony, Tan Sri
Vincent Tan, last seen riding a horse with one Dr Mahathir
Mohamed. It caused a furore in UMNO as its leaders rushed for
cover. Dr Mahathir, on his return from two months' leave,
summoned the second finance minister, Dato' Seri Jamaluddin
Jarjis, who brought along the cabinet minister who orchestrated
it, Tengku Adnan Tengku Mansor. Tan Sri Vincent's pseudo-French
establishment was only allowed slot machines, but the licence
issued provides for a virtual casino, with computerised baccarat
and roulette and other games of chance. The Prime Minister was
not amused.
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| 2003-05-13 | Dr M wants to stay on even if no one else wants him to But this hubris makes it but impossible for him to realise
that he continues to make mistakes galore. His latest is the
casino licence given his super-crony, Tan Sri Vincent Tan, at his
money-losing pseudo-French Colmer Tropicale resoort. No one in
the government wants to take responsibility for it, and the
fingers are pointed at the second finance minister, Dato' Seri
Jamaluddin Jarjis. Even more questionable is the earlier turning
of Pulau Tioman resort, also run by Tan Sri Vincent, and
incidentally, in Dato' Seri Jamaluddin's Rompin parliamentary
constituency, into a free trade zone after Langkawi and Labuan,
and eventually into another casino.
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| 2003-05-06 | Pahang Darul Kasino PAHANG'S SECOND CASINO BEGINS operations in stealth this month.
The Prime Minister, Dato' Seri Mahathir Mohamed's BN government
has said not a word about it, with fingers pointed at the cabinet
minister who signed it, the second finance minister, Dato' Seri
Jamaluddin Jarjis. But the casino licence is issued to a
super-crony, Tan Sri Vincent Tan, who has no qualms of making it
public. He forlornly hopes it would be the lifeline he needs. How
could it if it puts the BN at risk in Pahang and other states?
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| 2003-05-03 | Who issued Pahang's second casino licence? NO ONE IN THE NATIONAL FRONT (BN) wants the credit for Pahang's
second casino, which Malaysia's super-crony opens this month at
his Bukit Tinggi Colmer Tropicale resort. The Prime Minister,
Dato' Seri Mahathir Mohamed, keeps quiet. So the deputy prime
minister, Dato' Seri Abdullah Ahmad Badawi; the Pahang mentri
besar, Dato' Seri Adnan Yaakub; the second finance minister,
Dato' Seri Jamaluddin Jarjis; the cabinet ministers from Pahang;
the government's adviser on Islamic affairs, Dato' Seri Abdul
Hamid Othman; the minister in charge of Islamic affairs, Dato'
Seri Abdul Hamid Zainal Abidin. Yet, two months ago, Tan Sri
Vincent Tan was cock-a-hoop about it, and issues confident
statements about it, but whose statements are carried only in the
foreign media. His office says the casino will be open from this
month.
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| 2003-05-02 | A supercrony is allowed to operate Pahang' second casino THE GOVERNMENT OF PRIME MINISTER, DATO' Seri Mahathir Mohamed,
taunts the Islamic constituency and its own perception of
Malaysia as an Islamic country to issue a controversial casino
licence to a super crony, Tan Sri Vincent Tan. The government has
not announced it, but Tan Sri Vincent Tan, a self-proclaimed
international business man of unquestioned repute who hesitates
not to sue any who would not accept his view of himself, is
cock-a-hoop at being allowed to operate a casino at his
money-losing, privately-owned Colmer Tropicale resort in Bukit
Tinggi, Pahang state, outside Kuala Lumpur. It opens this month.
With 250 electronic, or computerised machines featuring such
gambling games as baccarat and roulette. It is a minnow compared
to Genting Highlands casino, but it is money-spinner from the day
it opens. No casino in the Far East has lost money. If he had not
been allowed to, his Colmer Tropicale resort would have gone the
way of the nearby Mimaland resort, which collapsed spectacularly
in the 1980s when it could not get the gaming licences needed to
attract custom.
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| 2003-04-05 | The War In Iraq: An Anglo-American conundrum
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| 2002-08-25 | YTL paid 1 million pounds sterling to Wessex Water Chairman Sometimes they believe in their own hype. Not realising, as
the Berjaya Group chairman, Tan Sri Vincent Tan would tell you of
his gambling venture in Chinese, the killing of the magnitude
Genting Berhad makes in its casinos in the Genting Highlands is a
pipe dream; he must wish he did not venture into China. In all
else, whether it is the Lion Group's venture into housing in
China or Renong Berhad's venture into steel making in the
Philippines, or the Berjaya Group's venture into timber in South
America, or indeed, the YTL Group's ventures in Africa, they
fail.
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| 2002-03-07 | Where is BN's social contract with its people? And in the Malaysia Borneo Building Society Berhad. A
subsidiary of the Employees Provident Fund, it was to provide
loans for housing. For years it had a stellar reputation, solid,
reliable, dependable. Then it got into into the national
penchant for acquiring debt as quickly as possible. It got into
commercial and corporate lending, and got its chance to turn in
huge losses. For the year ending Dec 31, 2001, it showed losses
of RM491.9 million, and a cumulative losses of RM960 million
since 1997. Most of this is for doubtful debts and lower value
of buildings it underwrote. It is not mentioned that just two
borrowers -- Tan Sri Vincent Tan of the Berjaya Group and Dato'
Joseph Chong, the former BN MP -- owes it as much as its
accumulated losses of the past four years.
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| 2002-02-14 | Could An Enron happen in Malaysia? The three Mahathir children, for instance, rose to the
heights of Malaysia's corporate world, racked up billions in debt
which they could not repay, but bailed out with official help.
The Vincent Tans, the Ting Pek Khiings, the Eric Chias, the Wan
Azmis, the Amin Shahs, the al-Bukhairys, the Francis Yeohs
survive only as cronies, and depend on government rescue where it
matters while they build empires of debt. And let the Malaysian
government take care of the downside and rescue these failed
Malaysian Enrons. The listed companies are but shells, with
debts far exceeding their net worth. Debts of billions of
ringgit with no means to repay is strewn in their balance sheets.
Enron, after all, is a company with US$66 billion in assets.
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| 2002-02-10 | Tan Sri Dato' Seri Vincent Tan comes into much-needed cash That international business man of unquestioned repute, Tan Sri
Dato' Seri Vincent Tan -- this first description is by his lawyer
in court and his name is as in a policy report he filed against a
journalist -- is rolling in good luck. First, the island resort
he controls -- Pulau Tioman -- becomes duty free so 40,000 of so
Singaporeans could purchase duty free items more expensively than
he could at home. But Pulau Tioman is duty free because the
other duty free island, Pulau Langkawi, has lost its lustre, and
the Prime Minister, Dato' Seri Mahathir Mohamed, is worried that
his desire to turn Malaysia into an Islamic state could put paid
to it.
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| 2002-02-07 | Who runs Malaysia's finances? -- Corrected I was told -- which I could not yet confirm -- the MP for
Merbok and the UMNO treasurer for Merbok flew recently separately
to Tokyo to negotiate better rates for Petronas for its natural
gas sales. The MP is, of course, Tun Daim. The other man is now
tipped to be finance minister. A man the Prime Minister can
trust absolutely. Who is he? I shall not tell you. Not even if
a thousand screaming and angry Tan Sri Vincent Tans and Tan Sri
Dr Ting Pek Khiings breathe down my neck for billions of ringgit
I do not have. But here is a clue. He was once UMNO youth
treasurer. He is a bin Mahathir, a tribe the Prime Minister
trusts absolutely. He is looked upon as a potential UMNO
treasurer. He is a member of UMNO Merbok division. He is not a
MP. And it is easier for the Prime Minister to convince UMNO
that he is a better choice than in the two men he had earlier in
mind. But a nagging doubt remains: Is this the man we need
right now overseeing the country's finances?
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| 2002-01-23 | Duty free status for one man In Pulau Tioman the only development of any note is a
tourist resort owned by the Berjaya Group, whose owner is Tan Sri
Dato' Seri Vincent Tan. To get there, you go by a three-hour
often-choppy boat ride from Endau or fly Berjaya Air from
Kuantan. The only beneficiary to making it duty free is Tan Sri
Dato' Seri Vincent Tan. He has a head start. All others must
start from scratch.
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| 2002-01-14 | The Sun eclipses after a messy seppukku Two months ago, The Sun newspaper was a much-admired newspaper.
Its reporters were proud to be working for it, what they wrote
was prominently featured, and their colleagues in other
newspapers drooled at the freedom they had to report and comment.
It did not aim to best the two market leaders, The New Straits
Times and The Star, but for a niche market in the Klang Valley.
It had a soul, and soon it was neck-to-neck with the NST in
circulation. It still ran at a loss, but that had to do with its
inflated start-up debts and too few advertisements, not its
popularity or journalistic competence. Today, it is on its death
throes, surrounded by vultures -- competitors, political,
financial, business -- waiting to pick at its entrails at its
death. Its owners, at the material time, Tan Sri Vincent Tan and
his legal sidekick and holiday companion of chief justices and
attorneys-general, Dato' V.K. Lingam, are responsible not for its
success but its death.
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| 2002-01-05 | Does only Bumi contractors not complete projects on time? Tan Sri Vincent Tan, another crony, failed in his bid to
privatise sewage, failed to build the Linear City, and the
monorail, which should have been ready for the 1998 Commonwealth
Games but still is not. His share in each was between RM1.5 and
RM2 billion. Now he is to get another privatisation handout
worth RM2 billion or thereabouts. Another is the YTL group,
laughing all the way to the bank with its independent power
projects, excused for not completing projects given in exchange
for valuable land in Bukit Bintang, and poised for even more
contracts. And it failed disastrously to deliver the electric
rail link from the KL Sentral to the Kuala Lumpur International
Airport in time for its opening; as KL Sentral was not.
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| 2001-12-29 | "The Sun" affair becomes curiouser and curiouser ... The Sun Media Corporation is in the corporate stable of that
internationally known business man of unquestioned repute, Tan
Sri Dato' Seri Vincent Tan, who returns as a favoured crony of
the Establishment and UMNO. He failed to make privatised sewage
pay, and the government had to take it back; his business
empire, with debts of more than RM4 billion, would have to be
rescued, and yet he is to be awarded another another
privatisation of which his share is worth up to RM3 billion.
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| 2001-09-03 | Why A Separate Sewerage Fee? IWK cannot collect sewage fees from householders if they do
not have a contract with it. IWK does not get municipal rights
and privileges on acquiring a municipal service. Any question
you ask of IWK comes not with an answer but a counter question:
would you like your cofee made with toilet water? Or I am told
water resources around the world depletes. Or even ignore the
question and threaten you with legal action or touts sent to his
house for that purpose. It is now 11 years since this sorry
spectacle began. It was privatised to that international
business man of unquestioned reputed, Tan Sri Dato' Seri Vincent Tan, who never had any intention to run a sewage utility and
palmed it off (with a profit, I am told, of RM1 billion). That
profit, I need not add, did not go to any of his listed
companies, but to one of his private ones.
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| 2001-08-21 | Judicial And Legal Second Thoughts On Defamation But for defamation to succeed, the aggrieved party must not
only prove he had been defamed, he is out of pocket because of
it. He must, in other words, prove his loss. The judge decides,
at his discretion, if a man is defamed and what the damages
should be. But the man must prove his further loss, if he wants
more than the nominal damages the judge, until the Vincent Tan
libel case, would award. In that case, that international
business man of unquestioned repute, Tan Sri Vincent Tan,
demanded RM20 million in defamation damages, a figure he took out
of thin air, did not produce one single witness in this standard
for mega damages for defamation. It set the standard for huge
defamation damages without proving loss. The courts allowed
general damages, hiterto at the sole discretion of the judge, to
be quantified and without having to prove it.
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| 2001-07-21 | IWK Pollutes Sungei Kayu Ara Sewage, once a municipal responsibility, was privatised to
IWK in 1990, before the general elections, in the rush to
privatise government utilities to cronies of the Establishment.
That internationally business man of unquestioned repute, Tan Sri
Dato' Seri Vincent Tan, ran with it awhile, threatening people
with perdition if they did not allow IWK to extort it. If a
business man had tried to collect from me as this internationally
known business of unquestioned repute wanted, he would have been
sent to jail quick enough extortion. He sold out, and IWK
changed hands several times, until it returned into the Ministry
of Finance Incorporated. Like every privatisation, it has
failed, and miserably, but it allowed the cronies, courtiers of
the Establishment to make money.
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| 2001-07-17 | IWK Sends Goons To Collect Debt It Cannot Prove IWK is in its present predicament when sewage works were
taken over from the municipalities and handed over on a silver
plate to that international business man of unquestioned repute,
one Tan Sri Dato' Seri Vincent Tan. He messed it up, and it
changed hands a few times before it landed in the domain of the
Ministry of Finance Incorporated. But its bully tactics have not
changed. IWK works on the basis that customers owe it money
because it has taken over municipal functions from the
municipalities, and by taking over the functions, it has
municipal powers. It does not, pure and simple.
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This archive was created as a tribute to the late veteran
journalist MGG Pillai. We believed his writings are useful to develop a critical
thinking analysis.
By the way, the original mggpillai.com web site (2001-2006) was actually created
by one of us.
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