Koon Yew Yin's Blog

Dr Mahathir disappointed us - Koon Yew Yin

Koon Yew Yin
Publish date: Sat, 18 Mar 2023, 08:36 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

​My association with Dr Mahathir

In 1967 Malaysia borrowed a large sum of money from World Bank to develop the Muda Irrigation project in Kedah and Perlis. Before the implementation of the project, we could only plant one crop of rice a year during the North-East monsoon rain. When the monsoon rain changed direction we could not plant another crop. When   the Muda River irrigation project was completed we could plant 2 rice crops in a year. 

My 3 partners and I founded Chye Hin Construction Sdn Bhd and we secured a few construction contracts in the Muda Irrigation project. At that time, Dr Mahathir was practicing as a GP in Alor Star and all my workers including my family members went to see Dr Mahathir whenever we were sick. That was how I first got to know Dr Mahathir.

After the completion of the Muda Irrigation, we changed the name of our company to Muda Jaya Sdn Bhd.

My college mates Yap Lim Sen, Wong Long Thean and I founded many listed and non-listed companies namely Malayan Building Development (MBD), Malayan Engineering Development (MED), Muda Jaya, Gamuda, IGB, IJM, Rubberex, MBMR etc.

MED’s main businesses were selling motor spare parts and importing small Daihatsu cars to sell locally. When MARA wanted to JV with MED, Dr Mahathir founded a company called Bumicar to JV with MED and MARA. As a result, the 3 companies founded MED Bumicar MARA (MBM). As soon as Dr Mahathir became Prime Minister, he sold all his shares in MBM to Tan Sri Ahmad Azzizuddin who became Chairman of IJM Corporation Bhd.  

Dr Mahathir was our business partner.

After the Proton was assembling cars locally, we asked Dr Mahathir to give us a license to assembling the small Daihatsu cars as shown below. 

We told him all the advantages of assembling the Daihatsu small cars locally such as transfer of technology, creating more employment and saving production cost. He wrote an instruction to Trade Minister Rafida Azziz to issue a local car assembly license to us.  

MED-Bumicar-MARA (MBM) was listed as MBM Resources in Bursa Malaysia. Currently MBM is holding about 45% shares of the listed entity which is selling Perodua cars as shown below:

Currently, there are seven (7) shareholders of Perodua such as:

1. UMW Corporation Sdn. Bhd. with 38% shares;

2. MBM Resources Berhad with 20% shares;

3. Daihatsu Motor Co. Ltd. with 20% shares;

4. PNB Equity Resource Corporation Sdn. Bhd. with 10% shares;

5. Daihatsu (Malaysia) Sdn. Bhd. with 5% shares;

Dr Mahathir played us out and disappointed us:

Dr Mahathir as UMNO President, was appointed the 7th Prime Minister of Malaysia in July 1981-2003, for 22 years.

GE 14 was held on 9 May 2018. Pakatan Harapan component parties, PKR won 48 seats, DAP won 42 seats, PPBM won 12 seats and AMANAH won 11 seats, totaling 113 seats out of 222 seats. Since Merdeka in 1957, Barisan has been in control of the government and PH broke the record. Dr Mahathir was again appointed as Prime Minister in May 2018 with the understanding that he would leave after 1 year for Dato Sri Anwar to take over.

But he resigned with 12 MPs of his party PPBM after 9 months. As a result, Pakatan Harapan lost control of the government. He has played us out. That is why I said that he has disappointed us.

Although I am not a politician, I have been supporting all the opposition parties financially.

In GE14, I supported each of the component parties of Pakatan Harapan financially and campaigned for them as shown by these photos below:

The above Photo was taken on 9 May 2018 when Pakatan Harapan won in GE14.

In GE 15 voters remember how Dr Mahathir played us out. Dr Mahathir and 43 candidates lost their deposits. Dr Mahathir will die with a broken hearted.


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Discussions
4 people like this. Showing 50 of 51 comments

UnclePho

And moral of your story is?

2023-03-19 17:13

speakup

Tun M played Koon out
Koon played us out

2023-03-20 07:31

henry888

why should all ppl vote for Pas (prepare for afterlife) as we are not Muslims. The reasons why this Old man cannot stand is because his interest is not taken care, eg. MAS whilst during PH's tenure under M, quite an enormous amount of fund injected into Mas. M is just an opportunist taking care of his family and own pocket only. And also remember his ancestor is an Indian which M play on Malay card particularly during his 22 years' tenure is indirectly protecting himself.

2023-03-20 08:05

henry888

why should all ppl vote for Pas (prepare for afterlife) as we are not Muslims. The reasons why this Old man cannot stand is because his interest is not taken care, eg. MAS whilst during PH's tenure under M, quite an enormous amount of fund injected into Mas. M is just an opportunist taking care of his family and own pocket only.

2023-03-20 08:08

Akiman

KYY, You may be a successful businessman and investor BUT failed as a Malaysian citizen.

2023-03-20 08:53

Sslee

Tun M actually betrayed our (Malaysians) trust we have for him to develope Malaysia into a mature, unit and developed country.

2023-03-20 09:51

StingRay

No, Tun didn't betray you people. He was just being himself. It was you yourself betrayed yourself. You choose to believe that Tun has change. Nobodyforce you you to do that. Hahaha.

2023-03-20 09:57

LossAversion

Moral of the story is BELIEVE in yourself only; Never depends on others; Never TRUST others, esp. politicians because they are only "goreng stocks"!!!

2023-03-20 10:15

StingRay

Yup. That is why many never learn. They keep blaming on others without analyzing what they did wrong. hahaha.

2023-03-20 10:55

cbkia4896

Uncle also disappointed us le... my money still all in AT, how ah

2023-03-20 11:12

Sslee

When come to government what choice to we have when we are caught between a rock and a hard place?

2023-03-20 11:13

chinaman

Hero to crony but zero to poor citizens

2023-03-20 11:20

LossAversion

Everyone has a choice....it is whether one wants to make a choice, and whether the choice made is a right one or a wrong one..... Own it, whatever choice you have made!!! Dont blame others.

2023-03-20 11:20

chinaman

If 22 yrs 22 months he is so great, myr should be onpar with sgd. Anwar inherit a toilet seat to clean

2023-03-20 11:32

StingRay

Anwar was part of the 22 years. And his shit is still there. Hahaha.

2023-03-20 11:36

Karina Ismail

Nearly all his life, Mahathir was the Prime Minister. Probably Koon Yee Yin will die a broken heart because all his life, he financed the opposition parties in MALAYsia to topple the Malay party BN but now BN is welcomed by PH!!

2023-03-20 13:07

Income

@ FortuneBull777,
You are correct. We must prepare for afterlife onwards. You cannot cry over spilled milk. You all afterlife is more important than Tun Ma political pollutions.


UnclePho:
And moral of your story is?
1 day ago

FortuneBull777:
Moral of the story! Prepare for afterlife! Vote for Pas!
20 hours ago

2023-03-20 19:27

me073194

orang yg dah hilang deposit pun mau takut ka? Boring betul

2023-03-21 09:39

DickyMe

Takut???
HAhahaha.
Orang tak sudi berkawan dengan yang jahat.
Tak malu ker?

2023-03-21 13:22

Karina Ismail

PAS for MALAYS!! ALLAHU AKBAR!!

2023-03-21 16:10

xiaoeh

It is good that if Dr M can share their hard work experience on the way to success to encourage all Malay frens instead of always misleading them that other races are taking over their pie.

2023-03-21 16:29

xiaoeh

Other races are actually working the very hard way without much privilege that all Malay frens are enjoying.

2023-03-21 16:31

Karina Ismail

They want to make Malaysia like Singapore, once they take over they will give millions of Chinese from all over the world citizenships and make it a fully dominated Chinese country even going against the constitution of the country. Malays and Indians are being shouted easily by racists Chinaman and half of the Malays are ultra modern and lost from being apostates to drinking alchohol and eating pork and doing the low post jobs though puppets do exist. Even frontline government jobs, Muslim women wearing tudungs are not allowed till today.

2023-03-21 16:53

Karina Ismail

About 75% of Malaysia's economy held by the Chinese but still not enough they always complaining probably waiting to take over the whole country if possible.

2023-03-21 16:58

xiaoeh

It boils down to lack of communication and understanding in the community.
Hope that gov can take the initiative to create more communication and understanding platform in the community.

2023-03-21 17:17

xiaoeh

About 75% of Malaysia's economy held by the Chinese but still not enough they always complaining probably waiting to take over the whole country if possible

Dear my frens Karina,
I would like to say that is the problem of Dr M always instill to you that abt 75% of Malaysia's economy held by Chinese,
but he refuse to tell you how much effort and how much time and thinking process these people devoted to make them become what they are today.

If one regardless who his is to devote same amount of time and effort, they will also become part of the 75% that Dr M tell you, but he refuse to tell this but other way round.

2023-03-21 18:30

xiaoeh

and 75% in today's terms is exaggerated.
You can see by your own eye there are so many Malay entrepreneurs frens coming out in the market nowadays and the number is rising as they devoted the same amount of effort and time in doing their business.

2023-03-21 18:36

DickyMe

Post removed.Why?

2023-03-21 22:12

Sslee

One of the favorite lies that ultra-malay organizations like Perkasa, Isma, Utusan like to propagate is that ethnic Chinese are rich and they dominate Malaysian economy.

As of why despite the never ending hand out under NEP and Malay special right/privillage the majority of B40 is still Malay?

So look no further than Kelantan why kelantan cannot develop when all this while governed by PAS?

So perhaps PAS is the real reasons why Malay did not progress as they should.

As I said earlier, hereditary factors no longer hamper the development of the Malays. But what has become more evident and more influential is the role of culture and value system.-Tun M

Note: Just look at Bursa all those big companies are controlled by GLC, Bumiputra federal/state funds, EPF , foreign funds and etc.

If foreign funds pull out of Bursa then Bursa will collapse.

2023-03-22 08:57

BobAxelrod33

Please don't tell me you weren't aware that FDI had been selling Bursa non-stop since early 2022???

2023-03-22 10:06

brandon99

JJPTR raped many innocent civilians a few years back.

2023-03-22 11:26

Income

Sslee,
I support you to contest in GE16…
You are Msia hope…

Posted by Sslee > 5 hours ago | Report Abuse

One of the favorite lies that ultra-malay organizations like Perkasa, Isma, Utusan like to propagate is that ethnic Chinese are rich and they dominate Malaysian economy.

As of why despite the never ending hand out under NEP and Malay special right/privillage the majority of B40 is still Malay?

So look no further than Kelantan why kelantan cannot develop when all this while governed by PAS?

So perhaps PAS is the real reasons why Malay did not progress as they should.

As I said earlier, hereditary factors no longer hamper the development of the Malays. But what has become more evident and more influential is the role of culture and value system.-Tun M

Note: Just look at Bursa all those big companies are controlled by GLC, Bumiputra federal/state funds, EPF , foreign funds and etc.

If foreign funds pull out of Bursa then Bursa will collapse.

2023-03-22 14:18

Karina Ismail

@xiaoeh
Nearly all of the top 50 richest men in Malaysia (Forbes) are still Chinese. Now knowledge is at the fingertips no point twisting and turning. Always they are catching the corrupt officials taking bribes but not catching the main culprits, the so called "extremely hardworking bribers" who became ultra rich at a very fast pace. Main culprit of 1MBD was Jho Taek Low but he got away scot free! Even in China, only Chinese natives have rights for everything not other races same for America, Australia ectra where the natives are given extra rights and privileges so its nothing to be jealous of about Malays having their own native rights in MALAYsia.

2023-03-23 03:30

Sslee

A civilization is measured by how it treats its weakest members” or “The greatness of a nation can be judged by how it treats its weakest member or minority”

Malaysia need more people like Siti Kasim and law to fight and protect Orang Asli rights.

The lawyer who stands up for Orang Asli
Alyaa Azhar
Published: Oct 27, 2016 7:39 AM
Updated: 9:03 AM

Despite a blockade set up by the Orang Asli to prevent logs from being taken out from their Balah forest reserve in Gua Musang, the Kelantan state government has continued to defend logging in the area.

Kelantan Menteri Besar Ahmad Yakob was reported earlier this month arguing there was no reason for the state government to stop the logging since it was approved by the state.

However, lawyer and activist Siti Kasim told a forum on the predicament of the Orang Asli that there were other more sustainable ways of logging.

2023-03-23 08:24

Sslee

Just wonder why the official richest Malay Tan Sri Syed Mokhtar Al-Bukhary need to donate/bribe hundreds of million to Bersatu coffer?

Is it because corruption is so rampant and entrenched with government and political culture that you need to grease someone's palm in order to do business in Malaysia?

By the way the unofficial richest of the richest Malays is Tun M and Tun Daim.

Malaysia really in need of political and institutional reform to get rid of the culture of corruption.

2023-03-23 08:38

xiaoeh

Posted by Karina Ismail > 5 hours ago | Report Abuse

@xiaoeh
Nearly all of the top 50 richest men in Malaysia (Forbes) are still Chinese. Now knowledge is at the fingertips no point twisting and turning. Always they are catching the corrupt officials taking bribes but not catching the main culprits, the so called "extremely hardworking bribers" who became ultra rich at a very fast pace. Main culprit of 1MBD was Jho Taek Low but he got away scot free! Even in China, only Chinese natives have rights for everything not other races same for America, Australia ectra where the natives are given extra rights and privileges so its nothing to be jealous of about Malays having their own native rights in MALAYsia.

@Karina
Just wanted to let you know that I am not jealous of the rights and privileges that you and all the Malay frens are enjoying,
as I am still able to making a living through my hard work and skill.
And I don’t compare myself to the richest as I know that I am too ordinary.
I once have a chance to communicate to my business friends made me realize that their horizon and perspective is just out of ordinary.

2023-03-23 08:42

Sslee

KUALA LUMPUR: Perikatan Nasional (PN) has rejected Parti Pejuang Tanahair (Pejuang)'s application to join the coalition.

PN secretary-general Datuk Seri Hamzah Zainudin said this was decided during the coalition's supreme council meeting on March 20, chaired by its chairman Tan Sri Muhyiddin Yassin.

Just wonder how Tun M' children is so naive, lack of judgmemt and lacking in every aspect as leader can still become a billionaire?

2023-03-23 08:49

BobAxelrod33

As Proxies.........

2023-03-23 08:51

Sslee

Tengku Adnam is also a billionaire and I too a billionaire but in Rupiah.

2023-03-23 08:59

BobAxelrod33

You may be surprised in another decade as Sing Dollar was once below Ringgit too.......hahaha

2023-03-23 09:06

brandon99

We need neutral leaders not siding either China or US/West.

2023-03-23 09:43

Karina Ismail

@xiaoeh just respect the rights of all nations and natives so peace will always prevail worldwide and not backstabb the people who have welcomed the minorities in kindness when their own communist China shuts its door on its own people previously similar to the Indian low caste being treated terribly in India but was welcomed here in kindness to dwell peacefully. Singapore already made another China giving millions of citizenships priority to Chinese worldwide in once known as Malaya so let's not be utterly greedy. Nobody will feed anyone for free here itself, so you are lucky to claim to be hardworking to feed your ownself not anybody else likewise the rest. If you want special native privileges only for Chinese, now it will be available in China or Singapore made China. Utter greediness for other people's rights, will only lead to wars, unhappiness, discontentment and sickness of the heart followed by diseases. Let's be thankful for all the blessings and peace we have had all along. Thank you.

2023-03-25 15:41

DickyMe

Post removed.Why?

2023-03-25 18:03

xiaoeh

Posted by Karina Ismail > 7 hours ago | Report Abuse
@xiaoeh just respect the rights of all nations and natives so peace will always prevail worldwide and not backstabb the people who have welcomed the minorities in kindness when their own communist China shuts its door on its own people previously similar to the Indian low caste being treated terribly in India but was welcomed here in kindness to dwell peacefully. Singapore already made another China giving millions of citizenships priority to Chinese worldwide in once known as Malaya so let's not be utterly greedy. Nobody will feed anyone for free here itself, so you are lucky to claim to be hardworking to feed your ownself not anybody else likewise the rest. If you want special native privileges only for Chinese, now it will be available in China or Singapore made China. Utter greediness for other people's rights, will only lead to wars, unhappiness, discontentment and sickness of the heart followed by diseases. Let's be thankful for all the blessings and peace we have had all along. Thank you.

I urge @Karina to focus more on how we can increase our national income in order to effectively improve our country economy, education and technology,
as we are left behind by our neighboring countries like Indonesia, Thailand, Vietnam and even Cambodia in time to come if you and your friends are focusing only whether other races will jealous on your native rights and privileges or whether will they pay you respect or whatever.
We can assure you that we are not jealous, and we are more worried about if Malaysia economy, education and technology not catching up with other countries.

2023-03-25 22:47

IDQWE001

The pursuit of moderation and national harmony needs not result in winners or losers. We don’t need to believe that a gain by one party must be matched by a loss by another side. More than ever we need to join hands and hearts if we are to move forward and excel. While noting mistrust and suspicion are natural in a diverse and complex society, he stressed on the need for mutual respect and cooperation among all races and religions. Multiracial and multicultural Malaysia could not achieve its social and economic ambitions if it did not seek to involve all facets of its mixed society.
No one party, no one religion, no one race or no one state can do it all. It is neither folly nor weakness to focus on our shared objectives and to be charitable over our differences.

2023-03-26 00:20

Sslee

Who to blame for falling the following Nine strategic challenges that Malaysia must overcome to achieve Vision 2020?

Challenge 1: Establishing a united Malaysian nation made up of one Bangsa Malaysia (Malaysian Race).

Challenge 2: Creating a psychologically liberated, secure and developed Malaysian society.

Challenge 3: Fostering and developing a mature democratic society.

Challenge 4: Establishing a fully moral and ethical society.

Challenge 5: Establishing a matured liberal and tolerant society.

Challenge 6: Establishing a scientific and progressive society.

Challenge 7: Establishing a fully caring society.

Challenge 8: Ensuring an economically just society, in which there is a fair and equitable distribution of the wealth of the nation.

Challenge 9: Establishing a prosperous society with an economy that is fully competitive, dynamic, robust and resilient.

Mahathir blamed his handpicked successors Abdullah Ahmad Badawi and Najib Razak for failling his plan. Or should we blame political parties that are based on Race and Religion?

2023-03-26 07:28

stockraider

Conclusion TDM is a bad PM loh!

It will go down in our future history book mah!

2023-03-26 10:56

chinaman

NEP sabotaged vision 2020

2023-03-26 11:01

Sslee

Just look no further than PAS ruled Kelantan, giving another 10-50 years can Kelatan overcome the nine strategic challenges and acheived developed state.

2023-03-26 12:32

Sslee

Is Kedah MB believe he can develop Kedah into The Golden City, also known as Birnin Zana, the capital city of the Kingdom of Wakanda.

People start calling Malaysian state 'Wakedah' after it uncovers US$15B rare mineral
BY DALE JOHN WONG - DEC. 4, 2020

Even at the tail end of the year, 2020 is still adding to its list of curious events.

In Malaysia, the discovery of a rare yet-to-be-named mineral in the state of Kedah is causing a fair bit of amusement and chatter online, with constant comparisons of the situation to Marvel Comics' fictional African state of Wakanda.

On December 3, 2020, the Kedah state government announced a partnership with a yet-to-be-named joint venture company to explore and extract the rare earth element (REE) that is estimated to be worth up to RM62 billion (USD15.2 billion) in total.

The project will utilize pipe-based extraction as opposed to mining, with a commencement date still to be confirmed.

Commenting on the matter, Kedah Chief Minister Muhammad Sanusi Md Nor said, “This mineral is Allah’s gift to us in Kedah. Such a find would change the lives of our people forever."

2023-03-26 13:06

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