The Malaysian government offended Robert Kuok, as a result, the Malaysian economy suffered great “impact”! After the official Chinese Premier Wen Jiabao’s visit to Malaysia, Datuk Najib’s government now really understands Robert Kuok’s influence on China!
In order to benefit their cronies, they arm twist to swallow Robert Kuok’s sugar empire. The cronies get richer by RM10s of billions, but it caused a national loss of more than RM200 billion! Those who has insider info can only curse:
Malaysian sugar king, Robert Kuok, was forced to leave Malaysia, but then he became the world’s sugar king! Why? He bought the world’s largest sugar mills in Australia, invested USD10 billion, It is the world’s largest sugar cane sugar refining industry, living up to the name of the world’s sugar king.
On the other hand, the Malaysia government benefited cronies at the expense of national interests. For those who know the insiders info, Kuok offered much help to the Malaysian government in the past few decades, he had done everything possible; but what the government did was like what you will get when you turn over a pig stomach: feces. In other words, Najib Government is UNGRATEFUL!
In the “Confidential” news, is about the Chinese Premier Wen Jiabao’s visit to Malaysia recently, it hit a snag with Najib.
Prior to Premier Wen Jiabao’s visit to Malaysia, Najib and his cabinet on more than one occasion, hinted that he hoped China will double the amount of palm oil with Malaysia.
We all know that China is the largest consumer of palm oil from Malaysia. Rapid economic rise in the recent years, China became the largest palm oil market for Malaysia, but Malaysia is also strong competition from Indonesia, trying to sell palm oil at lower prices to China and India, diluting Malaysian market share. This is most worrying got Najib.
Najib hoped to sign a new palm oil trading contracts with Premier Wen Jiabao to sign in order to more than double the average 10 million tonnes monthly exports to China. But Wen Jiabao came to a Malaysia, told Najib, it is impossible. It was an utter disappointment.
Najib knows the Chinese market demand. Even to import one million tonnes of palm oil monthly, is not a problem. So, where is the problem?
The problem lies: Sugar Kuok does not agree!
Why Sugar King Kuak was able to influence China’s decision to buy Malaysian palm oil?
Who is the monopoly of Chinese national oil market? China national oil market leader is “Arowana oil” cooking oil, accounting for nearly 40%! The Arowana oil cooking oil boss, is Robert Kuok!
Think about it, Premier Wen Jiabao on behalf of the Chinese government to buy Malaysian palm oil. Who is to refine it into cooking oil? Of course, it is the privatized enterprises! With 40% market share, if Arowana oil cooking oil company refuse the supply, how the Chinese government going to utilize the supply?
Najib was insensibly from the outset, and did not know Kuok has such big influence with China. He had helped cronies, forced Robert Kuok to give up the Malaysian sugar king throne, and didn’t expect to have such quick retribution
Kuok was forced to leave Malaysia, the heart is of course very unhappy. People of Malaysia must know, during the early days of Malaysia, we do not have aviation professionals, the BN government requested Kuok’s father to help set up Malayan Airways.
1970 Malaysian maritime shipping industry is also a vacuum, the Malaysian government sent representatives to Hong Kong to personally invite Kuok’s help. Kuok for national development, he put aside the Group’s business, came back to Malaysia to assist the Government to establish a national maritime shipping industry, this has the later MALAYSIA INTERNATIONAL SHIPPING COPERATION, referred to as MISC.
Robert Kuok was a big help when Malaysia was repeatedly faced economic difficulties. Even MCA Tan Koon Swan’s case, it was Robert Kuok who paid the bail! Malaysia successive governments, from BN to the National Front, owed Robert Kuok hell lot. But the Malaysian Government was ungrateful, using the hard arm twisting excuse to forcefully take over Kuok’s empire. This is not ungrateful?
Deng Xiaoping made a comeback in the 70s, announced China’s reform and needed most generous help of overseas Chinese entrepreneurs; Robert was first to take actions to help Deng. Among the entrepreneurs of Chinese economic miracle are Henry Fok and Li Ka-shing Hong Kong. Malaysian entrepreneur Robert Kuok is the first to response of Deng Xiaoping in Beijing and built China’s first five-star hotels: Shangri-La!
With over 30 years of deep relationship with the Chinese government and leadership, Kuok has great influence. Najib failed to foresee that. This is why the quote at the start of this post : “For the interests of their cronies, they arm twisted to take over Kuok’s Sugar Empire, cronies get rich by the 10s of billions, but it caused a national loss of more than 200 billion!”
Kuok’s sugar empire was eaten by the fat vampire’s family abruptly. Imagine, a world renowned international trade business personality, what humiliation he received in return for his single-minded help all this while for his own country & government? And Najib would never think the consequences of offending the Sugar King will be so so serious.
Right after Sugar King left Malaysia, he immediately announced the acquisition of Australia’s biggest sugar factory. This is the world supplier of raw material for sugar manufacturing. Of course, this includes supplying to the family of the fat vampire woman’s Sugar factory in Perlis.
Early this year, Kuok announced plans to invest USD 10 billion in Indonesia for development of the world’s largest sugar cane growing areas, as well as advanced refinery. The world economic was facing downturn, the Malaysian government travel around the world to solicit investment. How much was Malaysia foreign investment? Kuok’s single investment in Indonesia is equivalent to as USD10 billion dollars! Don’t you want to screw the couple: PKHKC!?
At the moment, Kuok’s take towards China’s palm oil contract with Malaysia was to remain with the agreed terms. There won’t be any increase. Indonesia has more palm oil than Malaysia. It is cheaper too. Now that Kuok had invested so much money in Indonesia, the Government of Indonesia would have treated him as their God of Wealth. Certainly, open to negotiate anything with him. Moreover, Indonesia has been eyeing to take over the China palm oil supply contract from Malaysia.
The CONSOLATION China gave in return for not increasing the purchase of palm oil was buying frozen durian. Do the Chinese people have the habit of eating durian it? How much time and effort needed to market frozen durian from Malaysia? Thai durian may not sell well in China, let alone Malaysia frozen durian?
Business is business, who would supply millions of dollars’ worth of frozen durian into a brand new market with no durian eating habits? Should the Chinese people is not receptive of it. How to deal with return stocks? A total lost with capital. Is this how to do business? Do not be silly!
Earlier this year, when the news hit the papers about Kuok announced to invest USD 10 billion in Indonesia. Many criticized Kuok for unpatriotic, preferring to take so much money in Indonesia instead of Malaysians. What an injustice! You have arm twisted to take over other people’s empire, forcing Kuok to leave Malaysia in much hurt & humiliation; now that Kuok ignore Malaysia market, and you have to criticize him?
For him to bring his huge investment to Australia & Indonesia instead of Malaysia, who is to be blamed?
Incidentally, Kuok is not just Chinas’ hotelier, king of cooking oil, the world’s sugar King; he is also the patent owner of coca cola soft drink brand in the Chinese market. Kuok involved in a diversity of businesses in China. He created many job opportunities for China. The Chinese central government and leaders have great respect for an entrepreneur. He spoke a word, the weight will never lower than some foreign leaders.
So far, Kuok is the only one who never accepts the honors of the Malaysian Royal Malaysian entrepreneurs. Many people address him as “Tan Sri Robert Kuok,” In actual fact, he did not have these honors, he doesn’t need those honors. To put the record straight, he neither “Tan Sri” nor “Dato”.