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TS RK
TS RK
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Apr 27 2025, 09:48 AM, updated 8 months ago
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#1
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Junior Member
328 posts Joined: Jan 2015 |
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Apr 27 2025, 09:56 AM
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#2
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Senior Member
3,460 posts Joined: Nov 2009 From: KL |
However, trading sugar wasn’t his only forte. Consolidated under PPB Group Berhad, a now diversified conglomerate that he founded in 1968, he built businesses in different sectors including agribusiness, food production, film distribution and property investment. Some of his notable businesses, play a role in every Malaysian’s daily life in one way or another, from cinema chain – Golden Screen Cinemas (GSC), to agribusiness group – Wilmar International and flour mill and production company – Federal Flour Mill (FFM).
Kuok’s business drive was partly due to his patriotism for Malaysia. In his memoirs, he recollects how patriotism was the force behind launching Malaysia’s international shipping line, Malaysian International Shipping Corporation (MISC). Initially, MISC had a paid-up capital of RM10 million, with the Kuok Brothers holding a leading 20 percent stake. Soon after, Kuok received numerous requests from then Prime Minister, Abdul Razak Hussein, due to pressure from certain quarters, requesting for more shares to be issued to Malaysia’s bumiputra elite, which eventually resulted in the dilution of the Kuok Brothers’ stake in the company. In the end, Kuok made the bold move of selling off his 15 percent stake just before MISC went public in 1987. This paved the way for the establishment of Pacific Carriers Limited in Singapore to carry mainly his own shipping cargo. Many young Malaysians are also unaware of the role Kuok played in normalising relations with China and the May 13 incident. They also are unaware of the role Kuok played in the 1960s and 1970s, the halcyon years for Southeast Asian sugar producers, who arbitraged on rising prices and market volatility, to ensure sugar was affordable to Malayan folk. The sentiment from this event is that Malaysians in general are longing and yearning for a multi-racial and plural society built on the very same values that Robert Kuok holds dearly and not the race, religion and uncouth behaviour being pedalled by certain people in office. In his memoirs, Kuok stated “I was often asked to give substantial donations to the ruling parties, UMNO and MCA, after independence in 1957. I gave willingly, happily and freely.” |
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Apr 27 2025, 09:57 AM
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#3
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Senior Member
3,703 posts Joined: Oct 2005 |
Here comes the jelly puak...
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Apr 27 2025, 10:02 AM
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#4
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Junior Member
49 posts Joined: Aug 2024 |
Kecian puak dengki no setori how they rampas his sugar business in here ah?
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Apr 27 2025, 10:25 AM
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#5
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Junior Member
328 posts Joined: Jan 2015 |
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