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8 theSun | FRIDAY NOVEMBER 14 2008

news without borders

Dewan
NUBE quashes talk of retrenchment
although he was not invited
briefs to be in the committee. I have
requested that he get some
of his people (BN MPs) to join
Proton cars not the committee (although)
he did not say anything
affected by APs (throughout the meeting),” by Tim Leonard allowances for bad loans surged. troubled casino operator if it runs
PROTON cars are not affected he told reporters, adding that newsdesk@thesundaily.com The bank was also one of the out of money before finishing the
by the issuance of Approved a meeting would be called as eight which had given a loan to multi-billion dollar casino and resort
Permits (AP) for imported cars, soon as it gets enough mem- PETALING JAYA: The National Las Vegas Sands Corporation for in the city-state.
Deputy Finance Minister Datuk bers from BN. Union of Bank Employees (NUBE) the construction of Singapore’s first Among the Singapore banks
Ahmad Husni Hanadzlah said in yesterday quashed rumours that casino project, known as Marina Bay lending to Marina Bay Sands are
reply to a question from Datuk
Zahrain Mohd Hashim (PKR-
Lim queries motive a retrenchment exercise was on
the cards for a bank which has its
Sands. United Overseas Bank (UOB), DBS
Las Vegas Sands, headed by Group Holdings and OCBC Bank.
Bayan Baru). for Liu’s arrest headquarters in Singapore. Sheldon Adelson, one of the world’s Meanwhile, the bank’s spokesman
“According to statistics, in LIM Kit Siang (DAP-Ipoh Timur) NUBE president S. Sivabalan told richest men, has reportedly run into in Malaysia told theSun that the
2007, out of 50,000 APs issued, questioned the motive of the theSun the bank’s union members some financial problems. Malaysian outfit was “insulated”
only 27,000 were used. This is police for arresting Selangor had not been informed nor have they Sands plans to suspend several from the developments on the casino
in comparison to about 400,000 executive councillor Ronnie Liu raised any concern on a downsizing casino projects in Macao and Las project in Singapore and any possible
units of passenger cars in our for obstructing Subang Jaya exercise. Vegas after saying last week it was effect on the bank.
market, comprising 36% Perodua Municipal Council officers and “As far as NUBE is concerned, in danger of breaching lending “Whatever is being said in
cars, 26% of Proton and the rest police personnel from raiding a the bank will also consult us if conditions and defaulting on US$5.2 the market (on the retrenchment
completely knocked down (CKD) suspected vice den in Puchong it is planning to embark on a billion (RM18.8 billion) in debt. It exercise) is purely rumours and
assembled cars like Toyota, last year. retrenchment exercise but, so far, is one of the casino companies hit I believe there is no effect on the
Honda and others,” he said. In a press conference in Par- we have not received any such hardest by the economic slowdown in Malaysian banking operations,” said
liament lobby, Lim said the case information,” he said. the United States. the spokesman.
Karpal is caucus was more than a year ago and
he wanted the police to explain
He was responding to talk that this
particular bank saw its Singapore
On Wednesday, Singapore “In fact, I don’t think that they
Trade Minister S. Iswaran told are even going to retrench anyone
chairman why action was only taken on headquarters posting a 13% drop in state-run Channel News Asia that in Singapore, so our employees here
THE parliamentary caucus on Wednesday. third-quarter profit as provisions or the government will not bail out the have nothing to be afraid of.”
the integrity and independ- “Is this part of the political re-
ence of the judiciary was offi- venge? Is this another malicious
cially formed with Karpal Singh prosecution? We want to know
(DAP-Bukit Gelugor) picked as
the chairman.
when the police completed the
investigation on the case. In the Karpal lodges police report against CJ
After a 10-minute meeting, interest of transparency, the
Karpal said the only repre- details should be made known.” KUALA LUMPUR: Lawyer and DAP chair- Karpal referred to a news report in the was “blacklisted” when he complained to
sentative from the BN was When met later, Home Minis- man Karpal Singh lodged a police report New Straits Times on Nov 8 which quoted the chief registrar about two missing files
Minister in the Prime Minister’s ter Datuk Seri Syed Hamid Albar yesterday against Chief Justice Tan Sri Zaki Zaki as saying he knew of two judges who belonging to his clients.
Department Datuk Seri Nazri said: “The case has been taken Azmi for failing to report corrupt practices were corrupt when he was a lawyer in 1987. Kuala Lumpur CID chief SAC II Ku Chin
Abdul Aziz. to court, let him (Liu) defend in the judiciary which he had knowledge of Zaki, who made the revelation in a conven- Wah said police will hand over the case to
“Only Nazri was there himself in court.” 21 years ago. tion in Kuching, had apparently said that he the ACA for investigations.

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