Time for leaders to show they care.

The alarm raised by wong chun wai on peremodal national bhd (PNB) takeover of housing developer SP setia bhd should wake up the country`s leaders.
The maner in which pnb carried out the takeover bid is nothing but hostile.
I am sure other successful businessmen with high bussiness acumen who have ploughed in many years of their useful lives into their thriving business understand the indigantion, aagony and feeling of betrayal that Tan Sri Liew Kee Sin made to suffer through no fault of his. He must be begging, for the reason why he is being treated in this manner after he has contributed so much.
PNB, being an asset manager and supposed to be passive investor, has no expertise in operating a real business. What really is its plan?
Dabbling in business cpuld bring a GLC to its knees as hgas happened to financial giants Leman Brothers which had collapsed and AIG which had to be revived with government injection of US$182.5bil to stay alive, as a result of their involvement in subprime loans.
Besides PNB with RM150bil cash chestr, there are severalother GKCs such as EPF, Petronas abd Khasanah that have huge war chests of hundreds of billion ringgit each.
It is not surprising that they are now viewed as a serious threatr to the public listed companies capable of swallowing them up with ease as in this SP Setia episode. Therefore, it is wise to keep a keen eye on civil servants managing these GLCs.
The question many worried businessmen are asking is: Who is the next target.
Our country`s leaders and policy makers must stop this unhealthy corporate manoeuvers if the nation is to move ahead. If leeft uncheck, not only Malaysia`s brain drain will heighten, flight of business entrepreneurship and capital will be inevitable. From The star Letters to the Editor. By Victor Poo KL.