Monday 11 July 2022

Di Puji Tak Terbang, Di Hina Tak Tumbang : Malaysia's Inai Kiara : Delilah

is a song played live by the Greatful Dead in  1976,  before it was included in the group's 1977 album Terrapin Station, an album where sales would only sky rocket decades latter.

Delilah she climbed up on Samson's knee
Said tell me where your strength lies, if you please
Then she spoke so kind, she talked so fair
That Samson said, Delilah you cut off my hair
You can shave my head, as clean as my hand
My strength will come as natural as any other man

ONE of  the core lesson learned from  the epic Samson and Delilah story is every juggernaut has its weakness, and  it's only a matter of time till someone finds out about it and exploit it to their advantage. 

ON the surface Inai Kiara looked very rich indeed.  Here was a company ranked among the largest dredgers in  the world ,  with a completed order book that had stretched  past RM2 billion . 

IN  reality though,  Inai Kiara had very little money at its disposal  either at the company level or at the ownership level.  Malaysia,  should thank its lucky stars that the Inai Kiara's owners were naive enough not to get rich at the expense of  the  country.

ONLY in 2022,  will the average Malaysian learn the level of Inai Kiara ownership's commitment to Malaysia. READ : Inai Kiara won RM2.28 billion worth of contracts and invested back RM2 billion of the contract proceeds back into the business.

BUT there were parties who had known this little secret of Inai Kiara much earlier and  decided to use this financial weakness,  to pierce open  the company and then to butcher them bit by bit,  limp by limp....

NEXT :    Before,  I go into next, there will be four short side tracks,  namely :  1) Pakatan Harapan a failuer to govern. 2) What Inai Kiara did with the billions they received. 3) Wee Ka Siong puts his reputation on the line for Inai Kiara & Malaysia. 4)  The fightback.