Questions Time, 10 November 2008

Minister of Finance did not answer why AIA can operate in Malaysia for years without local incorporation.

YB TUAN WEE CHOO KEONG [WANGSA MAJU] minta Menteri Kewangan menyatakan mengapa sebelum 1hb Jun 2008 syarikat American International Assurance Co Ltd (AIA) boleh beroperasi selama bertahun-tahun di Malaysia tanpa melaksanakan perbadanan tempatan (locally incorporated), bagaimanakah AIA boleh diperbadankan tempatan pada 1hb Jun 2008 tanpa pemegang saham tempatan dan sama ada kerajaan bercadang untuk memberhentikan operasi perniagaannya sehingga AIA mempunyai rakan kongsi tempatan?

Jawapaan:

Tuan Yang Di Pertua,

1.  Untuk Maklumat Yang Berhormat, semua syarikat insurans asing yagn beroperasi di Malaysia tertakluk kepada keperluan pemerbadanan tempatan (local incorporation).  Bank Negara Malaysia tidak mengecualikan Syarikat American International Assurance Co Ltd (AIA) daripada keperluan tersebut.

2.  Kerajaan sentiasa menggalakkan pembabitan dan pemilikan ekuiti tempatan yang lebih dalam sector insurans di Malaysia, selaras dengan usaha untuk membangunkan industry insurans tempatan.  Walau bagaimanapun, polisi ekuiti tempatan tersebut hendeaklah dilaksanankan dengna mengambil kira faedah-faedah terhadap ekonomi Negara serta kestabilan sector kewangan.  Pemberhentian operasi perniagaan syarikat AIA berasaskan factor ketiadaan rakan kongsi tempatan tidak akan mencapai faedah-faedah tersebut.

Note:

Minister of Finance did not answer the question at all. This is the type of government we have.  The way the Minister of Finance answered the question was he was asleep or he doesn’t understand the questions.

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5 thoughts on “Questions Time, 10 November 2008

  1. lee wee tak

    you cannot expect in depth answers from the BN ministers, mostly. the answer given is too general and of tingkatan lima standard tops

    anyway, without local shareholding and ownership, so where are the advocates & defenders of 30% bumi shareholding?

    I suppose the point YB is driving at is lack of local participation would result in less consideration for the locals as well as no net inflow of profits back into Malaysia. However, if we were to emergence as a competitive destination for financial centre, too stringent shareholding requirement could drive investors to Singapore and Hong Kong which are more liberal in these areas.

    A fine balance, which is difficult, is necessary

    Reply
  2. anonymous

    30% Bumiputra participation when it suits teh BN. AIA has been operating in Malaysia for at least more than 10 years and yet until now no Bumiputra participation of 30%.

    So the 30% was not mandatory. Please take note that AIA is a Jewish based company in America.

    BN is bullshitting all the times. The rules of the games have been changed all the time! Therefore, the Government was never serious in enforcing the national policies when it suits them.

    Reply
  3. Mohd Noor Haji Jaafar

    Inilah Umno/BN. Dasar 30% penyertaan bumiputra dalam pelbagai sektor hanya mainan mereka. Jika ia menguntungkan politiknya dasar tersebut tidak pelu diikuti. Jika tidak pasti mereka akan berbuat sesuatu. Ini menunjukkan mereka tidak ikhlas dan serius dalam mengamalkan dasar tersebut.

    Reply
  4. ahmad

    Saya bersetuju dengan En Mohd Noor Haji Jaafar 100%. Jadinya Dasar Ekonomi Baru bukanlah satu dasar yang serius dimana kerajaan perlu diikuti.

    Reply
  5. kucau

    Betul, jawapan menteri kewangan itu salah. TETAPI setelah 51 tahun kita merdeka ada juga kaum-kaum di malaysia ini yang tidak dapat menulis bahasa Malaysia dengan betul!

    sector ?? ini bahasa apa?
    industry ?? ini bahasa apa?
    factor ?? ini bahasa apa??

    Kenapa perlu penterjemah ke bahasa Malaysia ? YB tidak boleh berbahasa Malaysia kah? YB ini rakyat malaysiakah?

    Reply

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