Sunday, June 4, 2017

No to Mahathir Mohamad as PM

In a live question-and-answer session hosted on his official Facebook page on Thursday, former prime minister Mahathir Mohamad (right) answered five questions, two of which related to a possible return to premiership.
Titled #HangTanyaCheDetJawab (You Ask, Che Det Answers), Mahathir was asked if he would agree to taking on the role of prime minister if asked by the rakyat themselves.
“I cannot ignore my friends in Pakatan Harapan. If they have such a suggestion and it is agreed upon, then I might be forced to consider. At this time, I don’t agree to be prime minister... at this time”, he said in the interview, which garnered over 85,000 views.
Mahathir also reminded viewers that he had said he would not become prime minister again once he had retired in 2003.
I really hope he keeps to his word. No, to Mahathir. Not now, not ever.
I also note that PH have clearly stated that Anwar Ibrahim is their No. 1 choice. So, why this mischievous answer from Mahathir?
Prime Minister Najib Razak insisted that Geely’s acquisition of a 49.9% stake in Proton and a 51% stake in Lotus Cars – as announced by Malaysia’s DRB-Hicom on May 24, 2017 – was purely a business decision.
He added that Proton Holdings Bhd would have recorded a loss of RM1 billion this year if China's Zhejiang Geely Holding Group Co. Ltd. was not the suitor who became the savior.
Najib added that already Proton had registered a loss of RM500 million last year and the red ink is spreading.

Currently, Proton get the majority of their sales in Malaysia. Last year, they managed to sell some 72,000 units in the country.
Outside of the country, sales have been really sad. Across the border in Thailand, they sold fewer than 150 units. In Indonesia, they sold even less than 50.
Even in its home market, the Malaysian brand has been struggling for years; their market share eroded from over 70% in 1993 to 12.5% in 2016. 

Like it or not, Geely is Proton's lifeline.

But I wonder if the government is using Geely to bailout DRB-Hicom?!?

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