Sunday 10 September 2023

BERSATU's RM720 Million Fall Guy

RATTLED by the ferocity of the momentum against BERNAS, a unit controlled by Syed Mokthar Albukhary,  which has an absolute monopoly of importing rice from overseas, Bersatu is understood to have prepared a damage control plan.

THE plan B though, depends on how far and deep, will Anwar Ibrahim go to rub in the advantage, in a Malay centric issue in which  both PAS and BERSATU have been caught with their pants down.

FOR Bersatu's talisman Muhyiddin Yassin, the BERNAS 10 year extension which was agreed under his waych, and READ : subsequently triggered an unusual RM195 million donation to Bersatu from Syed Mokthar hangs like a 
damocles sword



IT  is understood if Anwar Ibrahim moves aggressively to slay Bernas, widely seen as a yoke on the necks of paddy farmers, Bersatu will launch an all out social media campaign pinning the blame solely on Ronald Kiandee.

THE Bernas concession coupled with legislations, currently prevent paddy farmers from selling their out put at market price.

THERE is a RM1400  price variance  between the same standard local rice and imported rice, meaning, farmers are forgoing a yearly potential top line revenue of RM2.35 billion in absolute terms.


TO put things in perspective, even when the subsidised are minused off, the paddy farmers potential top line revenue in a free market, there is still a RM720 million a year shortfall, which the mostly poor B40 paddy farmers, are missing due to the current restrictions placed on them.