The government should aggressively pursue companies which owe big debts to the government rather than just focusing on PTPTN defaulters

Media Statement by Dr. Ong Kian Ming, MP for Serdang, on the 28th of October 2014

In my budget speech yesterday, I highlighted a number of companies which repayment arrears on their federal government loans which run into millions and sometimes billions of ringgit. They include a number of private companies as well as some companies which are owned by the government via the Ministry of Finance Incorporated and Khazanah Nasional.

The repayment arrears of these companies were listed out in Schedule 2.28 of the Financial Statement and Financial Management of the Ministries / Agencies of the Federal Government as part of the 2012 Auditor General Report.[1] For example, Perwaja Steel Sdn Bhd and Equal Concept Sdn Bhd, which holds an indirect stake in Perwaja Steel, were listed as having arrears of RM32.27 million and RM22.5 million in year ending 2012. The report also showed the amount of the outstanding loan which had to be serviced by these companies and the amount paid by these companies. For example, Perwaja Steel and Equal Concept’s loan repayments were listed as RM30.42m and RM21.57m respectively. Both companies failed to pay a single cent of their loan repayment in 2012.

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2015 Budget shows that the Prime Minister has failed his promise to decrease unnecessary expenditure and to increase transparency in government spending

Media Statement by Dr. Ong Kian Ming, MP for Serdang, on the 10th October, 2014

Prime Minister Najib has announced that the 2015 budget will incur an estimated expenditure of RM273.94 billion, an increase of RM9.74 billion from the announced 2014 budget of RM264.2, at increase of 3.7%.

At the same time, the Economic Report 2014/2015 has estimated that the amount spent on subsidies will be reduced from RM40.6b to RM37.7b, a decrease of RM2.9b or 7.1%. This is a result of the continued subsidy rationalisation program and expected increase in the price of petrol and diesel.

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The Social Inclusion Commission can play a role in monitoring anti-poverty policies similar to how SUHAKAM monitors the government in different areas of human rights

Media Statement by Dr. Ong Kian Ming, MP for Serdang, on the 10th of April 2014

On the 27th of March, in his reply to parliament, the Minister in charge of the Economic Planning Unit (EPU), Senator Abdul Wahid Omar, in responding to my proposal of the Social Inclusion Act (SIA) said that “The Act is not needed and will not be considered”.[1] This is most disappointing given the serious problems of poverty facing the country.

While the levels of absolute poverty in this country has been reduced significantly over the past 50 years, the fact that 80% of 5.2 million households qualified for the first round of Bantuan Rakyat 1 Malaysia (BR1M) handouts shows that relative poverty in this country still needs to be addressed. More recently, the Deputy Minister of Finance, Ahmad Maslan, stated that 7.9 million individuals and families would be receiving BR1M 3.0 with the government incurring an expenditure of RM4.5 billion compared to RM3 billion for BR1M 2.0 and RM2.6 billion for BR1M 1.0.[2]

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