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Govt agencies involved in 3rd national car project — Did Guan Eng & Leiking lie?

On Wednesday    14-08-2019 16:06:00

14 August 2019


Press Statement by MCA Spokesperson Mike Chong Yew Chuan



Govt agencies involved in 3rd national car project — Did Guan Eng & Leiking lie?


Finally, Prime Minister Tun Dr Mahathir Mohammad has confessed that his third national car pet project involves investments from government agency, despite insisting on numerous occasions that public funds will not be touched.


On December 6th, 2018, Entrepreneur Development Minister Dato’ Seri Redzuan Yusof reportedly said that the government will allocate funding to the pet project. However, the claim was denied by Finance Minister Lim Guan Eng and International Trade and Industry Minister Darrell Leiking. 


However, when Leiking announced DreamEDGE as the anchor company producing the third national car, the President of MCA managed to uncover documents from the Companies Commission of Malaysia proving that VentureTECH, a company under MIGHT which is in turn wholly owned by the Prime Minister’s Office, holds at least 10% of the company’s shares.


With the latest confession by the Prime Minister, it further demonstrates that the Pakatan Harapan’s government, especially Lim Guan Eng and Darrel Leiking, have taken Malaysians for a ride.


The Prime Minister’s excuse that “he didn't approve the investments, but it has been done” is simply unacceptable. After all, many had believed him all this while that no public funds will be used in his project.


The deflationary economy is yet another factor on why the government should stop squandering the people’s money on irrational projects with poor global market outlook. Moreover, the third national car has raised reasonable fears that there would be yet another wave of protectionism that inflates the prices of imported cars and deprived consumers of options.


Contrariwise, the PH government should focus on projects that can benefit the lower and middle income class groups; like enhancing our public transport system or fixing financial aid programmes like Skim Peduli Kesihatan (PeKA) B40, and Bantuan Sara Hidup (BSH) that, at the moment, couldn’t hold a candle to the BN government’s Bantuan Rakyat 1 Malaysia (BR1M).


Mike Chong Yew Chuan

MCA Spokesperson


-MCA online-


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