Khamis, 7 April 2011

Lim Lip Eng

Lim Lip Eng

Parliament: Samy Vellu earns RM27,000 monthly as special envoy

Posted: 07 Apr 2011 02:16 AM PDT

Source: http://thestar.com.my/news/story.asp?file=/2011/4/7/nation/20110407154720&sec=nation


Former Works Minister Datuk Seri S. Samy Vellu draws a monthly salary plus allowance of RM27,227.20 in his role as special envoy for infrastructure to India and South Asia, Minister in the Prime Minister's Department Datuk Seri Nazri Abdul Aziz.


In a written reply to Segambut MP Lim Lip Eng in Parliament, Nazri said Samy Vellu's role as envoy is to help Malaysian construction firms break into the South Asian market. In line with his status as special envoy, which carries the rank of a minister, Samy Vellu also receives "other amenities and allowances" from the Government. Samy Vellu also has six staff in his office in Plaza Sentral, Kuala Lumpur, paid for by the Government. "The job scope of the envoy does not clash with other Malaysian officials in South Asia as his responsibility is only to identify infrastructure projects in the fast-growing region that Malaysian companies can venture into in accordance with local laws and regulations," Nazri said. Besides India, other South Asian countries under Samy Vellu's portfolio include Pakistan, Sri Lanka, Bangladesh, Nepal, Bhutan and the Maldives. Samy Vellu was named special envoy for infrastructure to India and South Asia in December by Prime Minister Datuk Seri Najib Tun Razak after he stepped down as MIC president, a post he held for 31 years.

Related news: Samy Vellu pockets over RM27,000 monthly as special envoy http://www.themalaysianinsider.com/malaysia/article

Najib: Private sector CEOs receive higher salaries and benefits

Posted: 06 Apr 2011 06:19 PM PDT

Source: http://thestar.com.my/news/parliament (Reports by MARTIN CARVALHO, YUEN MEIKENG and JOSHUA FOONG, 7/4/2011)


THE pay scales and benefits of chief executive officers (CEOs) of Govern­ment-linked companies (GLCs) in four major industries are considerably lower than their counterparts in the private sector, Finance Minister Datuk Seri Najib Tun Razak said.


In a written reply to Lim Lip Eng (DAP–Segambut), he said the incomes and benefits received by the CEOs of GLCs were based on their work experience, expertise and performance. The amount of benefits given to the CEO of GLCs was based on guidelines in the Blue Book, Increasing Management Performance, which was published by the Putrajaya committee for high performance GLCs, he added. Najib said the income levels of the CEOs of the GLCs are commensurate with their responsibilities and the achievements based on their respective KPIs. The KPIs are aimed at transforming the GLCs into high-performing companies.


Najib said the CEO of power utility company YTL Corporation Bhd received an annual income and benefits amounting to between RM3.6mil and RM10.2mil between 2006 and 2009. However, the Tenaga Nasional Bhd CEO received between RM0.8mil and RM1.4mil annually for the same period.


In the banking sector, the CEO of Public Bank Bhd is the highest paid banker in the country, with an annual income and benefits of between RM4.7mil and RM6.1mil from 2006 to 2009. However, Maybank Banking Bhd CEO received between RM1.4mil and RM4.9mil for the same period, he added.


Najib said for the airline industry, the CEO of AirAsia Bhd received an annual income and benefits worth between RM1mil and RM6mil from 2006 to 2009. However, Malaysia Airlines' CEO got between RM0.9mil and RM1.5mil for the same period.


In the automotive industry, the CEO of Tan Chong Motor Holdings Bhd received an annual income and benefits of between RM4.5mil and RM4.95mil compared with the CEO of Proton Holdings Bhd, who received between RM0.5mil and RM1mil in the three-year period.

Related news: Gov't reveals earnings of GLC heads http://www.malaysiakini.com/news/160804
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