Low’s interview captures world attention
Saturday July 31, 2010
PETALING JAYA: The world exclusive on Jho Low by The Star has caught the attention of the global media.
Gawker, an American website based in New York City, carried the interview of Low with The Star on its story “Paris Hilton’s mysterious Malaysian party boy tells all”.
The website reported that according to news, Low was paying US$1mil (RM3.18mil) to hang out with her in St Tropez but he told The Star he knew Paris primarily through her parents, whom he had met through his good friend.
The website picked up Low’s explanation on rumours of him renting an apartment in Park Imperial as well as Paris and her sister Nikki accompanying him to St Tropez.
The Newkerala.com, based in India, published the story on Low with the headline “Paris Hilton is just part of group, says Malaysian businessman”.
The website reported that Low spent a long time in the interview dismissing talk that he was “wasting a lot of money partying”.
A Singapore website asianone.com published the interview with the headline “Paris Hilton’s Malaysian tycoon made his 1st million at 20”.
Singapore’s The Straits Times, in its headline “US$1m before graduation”, also summarised the stories published in The Star.
Local dailies as well as news portals and television stations also picked up the interview. Petaling Jaya-based portal Malaysian Mirror headlined its lead story, “Big spender Jho Low speaks up”.
A day after the interview was published, the 28-year-old multilingual Penangite Low continued to get media attention.
New York Post in its story “Paris parties with Jho Low for free”, reported that Hilton denied she had been paid US$1mil to party with Low in St Tropez. Its website quoted a Hilton representative as saying that they were just friends and that Low had invited Paris and her sister Nicky out as friends.
Penang Chief Minister Lim Guan Eng is proud to note the accomplishments of Penangites who are based overseas, including the “well-connected” Low.
“Low is among many Penangites who have excelled internationally. This augurs well for the state as Penangites have shown they have a tremendous ability to succeed when given the necessary opportunities,” he said after opening the three-day National ICT Association of Malaysia trade fair at the Penang International Sports Arena here.
Showing posts with label Taek Jho Low. Show all posts
Showing posts with label Taek Jho Low. Show all posts
Friday, July 30, 2010
Thursday, July 29, 2010
郑丁贤‧二公子两则
郑丁贤‧二公子两则
2010-07-29 19:07
亲爱的马荷加尼：
我很希望能够像刘德祖一样，和时尚名媛在游艇上晒太阳，在豪华餐厅喝香槟，住月租10万美元的豪宅……，这才算是不虚此生。
请问，我怎样才可以过这种生活？
小强
亲爱的小强：
你羡慕刘二公子，这是步入资本主义世界的第一步，恭喜你，也欢迎你。
如果你是富二代，那么，基本上，这条道路，你已经走了一半。
然而，我相信你并不是，否则，也不必写信给我了。
但是，不要灰心，即使你自己来不及了，也要让下一代完成这个愿望。
要跻身名流社会，其实有一套公式可以跟随。
首先，要进入贵族学校，譬如二公子的母校哈罗公学，或者是伊顿公学；从小就接受薰陶，改变气质（财力若有不及，至少也要进入本地的国际学校）。
大学要选择美国的华顿商学院，或是哈佛商学院（牛津、剑桥之类的不要也吧，它们培养了太多的学究、反资本主义左派，现在不流行了）。
念一个MBA之外，最重要的是认识权贵家族，尤其是阿拉伯石油王子，或是中国贪官子弟、共青团留学生等。
在校期间，要努力和他们一起吃喝玩乐；没有小组学习没关系，最重要的是每周都要开派对，才会培养革命情感。
毕业后，务必要加入华尔街，汲取基金管理和各类金融衍生工具的窍门。
要多攀关系，经常为特殊朋友订餐厅，买香槟。
结交好莱坞女星和时尚名媛，设法搞一些桃色新闻，刻意让狗仔队偷拍。
只要能够做到这几点，成为名流指日可待。
亲爱的马荷加尼：
刘德祖算是什么？ 只不过是有钱的公子哥儿吧了；媒体不需要抬举他。
雷峰
亲爱的雷峰：
我可不这么认为。
刘二公子德祖先生的出现，已经提升全球华人的形象，也大大改变了马来西亚华人的地位。
在过去，不管多么出色的华人，在西方国家，永远进入不了主流社会；即使有钱，有学问，也会遭到有意或无意的排斥和歧视。
不管成龙的电影多么成功，他的搭挡都是黑人；不管周润发多么英俊，片中女主角也不可能是金发碧眼。
这是白人的优越感，也折射了黄种人的自卑感。
因为集体自卑，所以李小龙在《猛龙过江》片中，必须把罗里士打得鼻青脸肿；甄子丹在《霍元甲》把英国人打成猪头炳，全球华人都拍烂手掌。
大家在虚拟世界中找到发泄的管道，通过电影来完成现实中不可能做到的事。
然而，当芭莉丝希尔顿娇媚的身躯，躺在刘二公子宽厚的胸膛；她的香唇触及二公子多肉的脸颊时，华人百年来的羞辱、委曲，刹那间，已经获得解放。
你说，我们不正是需要更多的刘二公子吗！
星洲日报／马荷加尼‧作者：郑丁贤‧《星洲日报》副总编辑‧2010.07.29
2010-07-29 19:07
亲爱的马荷加尼：
我很希望能够像刘德祖一样，和时尚名媛在游艇上晒太阳，在豪华餐厅喝香槟，住月租10万美元的豪宅……，这才算是不虚此生。
请问，我怎样才可以过这种生活？
小强
亲爱的小强：
你羡慕刘二公子，这是步入资本主义世界的第一步，恭喜你，也欢迎你。
如果你是富二代，那么，基本上，这条道路，你已经走了一半。
然而，我相信你并不是，否则，也不必写信给我了。
但是，不要灰心，即使你自己来不及了，也要让下一代完成这个愿望。
要跻身名流社会，其实有一套公式可以跟随。
首先，要进入贵族学校，譬如二公子的母校哈罗公学，或者是伊顿公学；从小就接受薰陶，改变气质（财力若有不及，至少也要进入本地的国际学校）。
大学要选择美国的华顿商学院，或是哈佛商学院（牛津、剑桥之类的不要也吧，它们培养了太多的学究、反资本主义左派，现在不流行了）。
念一个MBA之外，最重要的是认识权贵家族，尤其是阿拉伯石油王子，或是中国贪官子弟、共青团留学生等。
在校期间，要努力和他们一起吃喝玩乐；没有小组学习没关系，最重要的是每周都要开派对，才会培养革命情感。
毕业后，务必要加入华尔街，汲取基金管理和各类金融衍生工具的窍门。
要多攀关系，经常为特殊朋友订餐厅，买香槟。
结交好莱坞女星和时尚名媛，设法搞一些桃色新闻，刻意让狗仔队偷拍。
只要能够做到这几点，成为名流指日可待。
亲爱的马荷加尼：
刘德祖算是什么？ 只不过是有钱的公子哥儿吧了；媒体不需要抬举他。
雷峰
亲爱的雷峰：
我可不这么认为。
刘二公子德祖先生的出现，已经提升全球华人的形象，也大大改变了马来西亚华人的地位。
在过去，不管多么出色的华人，在西方国家，永远进入不了主流社会；即使有钱，有学问，也会遭到有意或无意的排斥和歧视。
不管成龙的电影多么成功，他的搭挡都是黑人；不管周润发多么英俊，片中女主角也不可能是金发碧眼。
这是白人的优越感，也折射了黄种人的自卑感。
因为集体自卑，所以李小龙在《猛龙过江》片中，必须把罗里士打得鼻青脸肿；甄子丹在《霍元甲》把英国人打成猪头炳，全球华人都拍烂手掌。
大家在虚拟世界中找到发泄的管道，通过电影来完成现实中不可能做到的事。
然而，当芭莉丝希尔顿娇媚的身躯，躺在刘二公子宽厚的胸膛；她的香唇触及二公子多肉的脸颊时，华人百年来的羞辱、委曲，刹那间，已经获得解放。
你说，我们不正是需要更多的刘二公子吗！
星洲日报／马荷加尼‧作者：郑丁贤‧《星洲日报》副总编辑‧2010.07.29
Bringing Hollywood to Malaysian shores
Bringing Hollywood to Malaysian shores
Friday July 30, 2010
KUALA LUMPUR: Making Hollywood movies in Malaysia is an important part of Jho Low’s plans to help attract investments to the country.
In an interview, Low tells of how he was getting his Hollywood friends like Academy Award winner Jamie Foxx and Leonardo diCaprio to use Malaysia as a location for movies.
DiCaprio: Among Low’s Hollywood friends who are interested in using Malaysia as a location for their future movies.
“They are very interested. It will have a tremendous impact on our tourism profile when this happens,” he said.
Low’s own entertainment company could be investing in such movies as they plan to set up a special entertainment fund that will invest in ventures from fashion to movies.
He also tells of another superstar friend – Usher – who wants to help him start a charity programme for children here to learn the business part of the entertainment industry.
Q: Where does the Wynton Group go from here?
A: Since I am now in the limelight, we expect to launch our new fund sometime in October. Firstly, there is an initial US$1bil real estate and hospitality fund, mainly for investing in real estate, hotels and hospitality projects around the world.
Secondly, we are also looking to launch a US$250mil entertainment fund because we believe there is some synergy between real estate and entertainment.
Q: Are we talking about movies, music or the whole spectrum?
A: The whole spectrum. So anything from fashion to movies and so forth. Lastly, we are also looking into a US$250mil general fund. When I mention all these fund sizes, it is initial first phase equity commitment that we are securing which means that actual fund sizes and purchasing power could be much larger.
An equity of US$1bil could have a potential purchasing power in excess of US$2bil or more after leverage. Coupled with this, our new headquarters will be based in Abu Dhabi and we have committed to 20,000sq ft in Sowwah Island in Abu Dhabi.
We are excited at the growth proposition of Abu Dhabi as a financial hub for the Middle East.
Q: Where is this fund set up?
A: It’s Cayman-based with a fund manager potentially based in either Abu Dhabi or the Caymans.
Q: What is this about you and Usher?
A: I have known Usher for a long time. I met him in New York and I was working with him on Usher’s New Look Foundation which is a charity that assists children who want careers in the business side of the entertainment industry.
I mentor these kids in terms of giving advise on writing business plans, which are things I learnt while at Wharton Business School. We have been talking for the last few months about bringing that programme to Malaysia.
Sometimes it appeals to the younger generation to get inspired by not business people but celebrities who have business acumen.
Q; Do you have a girlfriend?
A: Yes, my girlfriend is my work. Ask my friends and business partners and they will tell you that I sleep only three to four hours a day and I am always working. I love my work.
Q: A businessman once said that to find out where a business is based, all you have to do is to find out where the secretary is based. So, where is your secretary based?
A: My secretary travels with me everywhere I go. So I guess I am based all over the world, although my heart shall always be in Malaysia.
Friday July 30, 2010
KUALA LUMPUR: Making Hollywood movies in Malaysia is an important part of Jho Low’s plans to help attract investments to the country.
In an interview, Low tells of how he was getting his Hollywood friends like Academy Award winner Jamie Foxx and Leonardo diCaprio to use Malaysia as a location for movies.
DiCaprio: Among Low’s Hollywood friends who are interested in using Malaysia as a location for their future movies.
“They are very interested. It will have a tremendous impact on our tourism profile when this happens,” he said.
Low’s own entertainment company could be investing in such movies as they plan to set up a special entertainment fund that will invest in ventures from fashion to movies.
He also tells of another superstar friend – Usher – who wants to help him start a charity programme for children here to learn the business part of the entertainment industry.
Q: Where does the Wynton Group go from here?
A: Since I am now in the limelight, we expect to launch our new fund sometime in October. Firstly, there is an initial US$1bil real estate and hospitality fund, mainly for investing in real estate, hotels and hospitality projects around the world.
Secondly, we are also looking to launch a US$250mil entertainment fund because we believe there is some synergy between real estate and entertainment.
Q: Are we talking about movies, music or the whole spectrum?
A: The whole spectrum. So anything from fashion to movies and so forth. Lastly, we are also looking into a US$250mil general fund. When I mention all these fund sizes, it is initial first phase equity commitment that we are securing which means that actual fund sizes and purchasing power could be much larger.
An equity of US$1bil could have a potential purchasing power in excess of US$2bil or more after leverage. Coupled with this, our new headquarters will be based in Abu Dhabi and we have committed to 20,000sq ft in Sowwah Island in Abu Dhabi.
We are excited at the growth proposition of Abu Dhabi as a financial hub for the Middle East.
Q: Where is this fund set up?
A: It’s Cayman-based with a fund manager potentially based in either Abu Dhabi or the Caymans.
Q: What is this about you and Usher?
A: I have known Usher for a long time. I met him in New York and I was working with him on Usher’s New Look Foundation which is a charity that assists children who want careers in the business side of the entertainment industry.
I mentor these kids in terms of giving advise on writing business plans, which are things I learnt while at Wharton Business School. We have been talking for the last few months about bringing that programme to Malaysia.
Sometimes it appeals to the younger generation to get inspired by not business people but celebrities who have business acumen.
Q; Do you have a girlfriend?
A: Yes, my girlfriend is my work. Ask my friends and business partners and they will tell you that I sleep only three to four hours a day and I am always working. I love my work.
Q: A businessman once said that to find out where a business is based, all you have to do is to find out where the secretary is based. So, where is your secretary based?
A: My secretary travels with me everywhere I go. So I guess I am based all over the world, although my heart shall always be in Malaysia.
Low dispels talk he received RM500mil airbase job
Low dispels talk he received RM500mil airbase job
EXCLUSIVE
By WONG CHUN WAI, WONG SAI WAN and LESTER KONG
Friday July 30, 2010
Low: ‘I have been getting good feedback from Arabs who have invested in Malaysia’
KUALA LUMPUR: Well-connected businessman Jho Low has dispelled talk that he is involved in the redevelopment of the TUDM Sungai Besi airbase.
“I am not involved – that part I want to make clear. I understand that there are some allegations that I received a RM500mil contract for the Sungai Besi project. That is absolutely not true. I have no involvement whatsoever in the Sungai Besi project and from what I was made to understand, it is a project by 1MDB,” he said in an exclusive interview.
Low also spoke extensively about Middle East investments in Malaysia and what the country needed to do to get more Arabs to invest here.
Q: What do you think Malaysian companies can do in the Middle East?
A: Tun Dr Mahathir Mohamad had great vision when he was Prime Minister with a lot of money that was spent building Malaysian infrastructure which also resulted in Malaysian-based construction companies that have gone on to be leaders in the global construction arena.
There are now many Malaysian companies doing sophisticated construction work in Abu Dhabi, Qatar and all over the Middle East. Overall, Malaysian companies have gained a good reputation there.
Q: What was your first involvement in a government-type project in Malaysia?
A: My first was actually the Iskandar Development Region investment. A friend from Khazanah called me and mentioned that they were looking to invite some Middle Eastern investors to be the core investors and asked if I knew of potential blue-chip investors.
So that is where it started. Eventually, both Mubadala and Kuwait Finance House’s USD1.2bil entry into Iskandar was a big boost for Malaysia.
They have shown their commitment as long-term investors and it is my view that Khazanah and Iskandar Investment Bhd have done a good job.
I have heard some arguments that projects in Iskandar are behind schedule. However, I have been told by a lot of major Middle Eastern developers that it is very important that large development projects are sustainable in the long term. It is better to take your time to be prudent with careful planning and proper execution as opposed to a rush job.
The Iskandar project so far has paced itself well as a long-term project, and the critics sometimes need to appreciate the fact that the objectives of Iskandar is to achieve long-term sustainability.
Q: Have you also been asked about other Malaysian investments?
A: I had also been asked by the previous chairman of Abu Dhabi Commercial Bank (ADCB) for my input and opinion on RHB Bhd and its potential which I was very bullish on for the long-term. ADCB eventually invested a significant amount in the Malaysian bank. That is one of the key investments Abu Dhabi made in Malaysia which continues to show that Abu Dhabi is investing in Malaysia for the long-term.
Q: What about 1Malaysia Development Berhad (1MDB) and what was your role in the Terengganu Investment Authority (TIA)?
A: I was involved in the setting up of TIA from January 2009 to mid-May 2009. The Yang di-Pertuan Agong Sultan Mizan (Zainal Abidin) was kind enough to ask me to assist, given my relationship with the Middle East and insight I had on how they had set up their sovereign wealth funds.
In addition to me, there was an important committee comprising key Malaysians such as Tan Sri Azlan Zainol amongst others, who provided important guidance. There was also input from blue-chip foreign consultants and advisers.
Subsequently, as I understand from news reports, TIA was federalised to become 1MDB. I don’t play any role in 1MDB, and I did not get compensated by 1MDB or any other government-owned entities although some blogs have mentioned that I did. That is untrue.
However, I do from time to time speak to friends in Khazanah and 1MDB to get their input and ideas on how to better facilitate investments from the Middle East to Malaysia or vice-versa.
Q: How did you get to know the Yang di-Pertuan Agong?
A: His Majesty’s sister Tunku Datuk Rahimah introduced us. She is the chairman of Loh & Loh Corporation Bhd, whom I met as a fellow shareholder of Abu Dhabi-Kuwait-Malaysia Investment Corporation (ADKMIC).
Q: How did you get involved in UBG Bhd and what is the latest on the sale to Petro Saudi?
A: In January 2008, I was invited to participate as a shareholder of ADKMIC. The other investors included Sheikh Sabah, Yousef Al Otaiba, and few other prominent Middle East and local investors. I had a 10% share.
This private investment company was set up for investments in Malaysia, and it participated in the UBG transaction because we saw UBG as a good company in terms of growth and the construction business. Un-fortunately, the world was hit by the financial crisis and infrastructure jobs in UAE slowed down.
We subsequently received an offer from Petro Saudi and we decided to exit this investment. We were informed by Petro Saudi that they believed that companies like Loh & Loh and Putrajaya Perdana had good potential to expand in Arabian markets.
Q: One of the biggest problems Malaysia has is attracting FDIs. What are the things we need to do?
A: Prime Minister Datuk Seri Najib Tun Razak’s recent announcement on liberalisation have been tremendously helpful in building investor confidence for Malaysia. However, there are some investors who are taking a wait-and-see attitude to be convinced of actual implementation.
Previously, there had also been complaints about bureaucracy but this has improved tremendously. I have been getting good feedback from a lot of Arabs who are investing in Malaysia and thus I am bullish in the long-term on our ability to attract FDIs.
Attracting FDIs is not just about going abroad and doing roadshows to sell publicly-listed shares. The FDIs that Malaysia should be pushing hard to attract are those which clearly indicate a commitment for the long-term which result in real multiplier effects and benefits the country.
Malaysia can also be more effective in locking in FDIs by having a more streamlined, coordinated and systematic approach in which heads of states, government officials and private businesses target key investors and offer attractive investment propositions in strategic areas for Malaysia which maximises the short-term economic impact for Malaysia, but also fits the bill of sustainable development in the long-term.
It is also important that all Malaysians make the extra effort of explaining to investors about the potential of Malaysia and clarify some of the negative perceptions of our country.
EXCLUSIVE
By WONG CHUN WAI, WONG SAI WAN and LESTER KONG
Friday July 30, 2010
Low: ‘I have been getting good feedback from Arabs who have invested in Malaysia’
KUALA LUMPUR: Well-connected businessman Jho Low has dispelled talk that he is involved in the redevelopment of the TUDM Sungai Besi airbase.
“I am not involved – that part I want to make clear. I understand that there are some allegations that I received a RM500mil contract for the Sungai Besi project. That is absolutely not true. I have no involvement whatsoever in the Sungai Besi project and from what I was made to understand, it is a project by 1MDB,” he said in an exclusive interview.
Low also spoke extensively about Middle East investments in Malaysia and what the country needed to do to get more Arabs to invest here.
Q: What do you think Malaysian companies can do in the Middle East?
A: Tun Dr Mahathir Mohamad had great vision when he was Prime Minister with a lot of money that was spent building Malaysian infrastructure which also resulted in Malaysian-based construction companies that have gone on to be leaders in the global construction arena.
There are now many Malaysian companies doing sophisticated construction work in Abu Dhabi, Qatar and all over the Middle East. Overall, Malaysian companies have gained a good reputation there.
Q: What was your first involvement in a government-type project in Malaysia?
A: My first was actually the Iskandar Development Region investment. A friend from Khazanah called me and mentioned that they were looking to invite some Middle Eastern investors to be the core investors and asked if I knew of potential blue-chip investors.
So that is where it started. Eventually, both Mubadala and Kuwait Finance House’s USD1.2bil entry into Iskandar was a big boost for Malaysia.
They have shown their commitment as long-term investors and it is my view that Khazanah and Iskandar Investment Bhd have done a good job.
I have heard some arguments that projects in Iskandar are behind schedule. However, I have been told by a lot of major Middle Eastern developers that it is very important that large development projects are sustainable in the long term. It is better to take your time to be prudent with careful planning and proper execution as opposed to a rush job.
The Iskandar project so far has paced itself well as a long-term project, and the critics sometimes need to appreciate the fact that the objectives of Iskandar is to achieve long-term sustainability.
Q: Have you also been asked about other Malaysian investments?
A: I had also been asked by the previous chairman of Abu Dhabi Commercial Bank (ADCB) for my input and opinion on RHB Bhd and its potential which I was very bullish on for the long-term. ADCB eventually invested a significant amount in the Malaysian bank. That is one of the key investments Abu Dhabi made in Malaysia which continues to show that Abu Dhabi is investing in Malaysia for the long-term.
Q: What about 1Malaysia Development Berhad (1MDB) and what was your role in the Terengganu Investment Authority (TIA)?
A: I was involved in the setting up of TIA from January 2009 to mid-May 2009. The Yang di-Pertuan Agong Sultan Mizan (Zainal Abidin) was kind enough to ask me to assist, given my relationship with the Middle East and insight I had on how they had set up their sovereign wealth funds.
In addition to me, there was an important committee comprising key Malaysians such as Tan Sri Azlan Zainol amongst others, who provided important guidance. There was also input from blue-chip foreign consultants and advisers.
Subsequently, as I understand from news reports, TIA was federalised to become 1MDB. I don’t play any role in 1MDB, and I did not get compensated by 1MDB or any other government-owned entities although some blogs have mentioned that I did. That is untrue.
However, I do from time to time speak to friends in Khazanah and 1MDB to get their input and ideas on how to better facilitate investments from the Middle East to Malaysia or vice-versa.
Q: How did you get to know the Yang di-Pertuan Agong?
A: His Majesty’s sister Tunku Datuk Rahimah introduced us. She is the chairman of Loh & Loh Corporation Bhd, whom I met as a fellow shareholder of Abu Dhabi-Kuwait-Malaysia Investment Corporation (ADKMIC).
Q: How did you get involved in UBG Bhd and what is the latest on the sale to Petro Saudi?
A: In January 2008, I was invited to participate as a shareholder of ADKMIC. The other investors included Sheikh Sabah, Yousef Al Otaiba, and few other prominent Middle East and local investors. I had a 10% share.
This private investment company was set up for investments in Malaysia, and it participated in the UBG transaction because we saw UBG as a good company in terms of growth and the construction business. Un-fortunately, the world was hit by the financial crisis and infrastructure jobs in UAE slowed down.
We subsequently received an offer from Petro Saudi and we decided to exit this investment. We were informed by Petro Saudi that they believed that companies like Loh & Loh and Putrajaya Perdana had good potential to expand in Arabian markets.
Q: One of the biggest problems Malaysia has is attracting FDIs. What are the things we need to do?
A: Prime Minister Datuk Seri Najib Tun Razak’s recent announcement on liberalisation have been tremendously helpful in building investor confidence for Malaysia. However, there are some investors who are taking a wait-and-see attitude to be convinced of actual implementation.
Previously, there had also been complaints about bureaucracy but this has improved tremendously. I have been getting good feedback from a lot of Arabs who are investing in Malaysia and thus I am bullish in the long-term on our ability to attract FDIs.
Attracting FDIs is not just about going abroad and doing roadshows to sell publicly-listed shares. The FDIs that Malaysia should be pushing hard to attract are those which clearly indicate a commitment for the long-term which result in real multiplier effects and benefits the country.
Malaysia can also be more effective in locking in FDIs by having a more streamlined, coordinated and systematic approach in which heads of states, government officials and private businesses target key investors and offer attractive investment propositions in strategic areas for Malaysia which maximises the short-term economic impact for Malaysia, but also fits the bill of sustainable development in the long-term.
It is also important that all Malaysians make the extra effort of explaining to investors about the potential of Malaysia and clarify some of the negative perceptions of our country.
Tuesday, July 27, 2010
Taek Jho Low spent 5 million ringgit a night
Blogger: The writer of the above article basically commented that Mr Low's 5 million ringgit can put to good use. Actually, Mr Low is probably making US 500 million a year and 5 million ringgit is only less than 1 % of his income. He can afford it. These monies were his own money. It is none of our business. We should be more concern on the government's spending and its leakages because we are the tax payers and government's spending is our money. Don't bark on the wrong tree. To Mr Low, that 5 million ringgit might be an investment for him. He wanted to secure more consultant business so he made himself famous. Spending 5 million ringgit might get him 500 million dollar business. Who knows? Mr Low is a different class of people. He has his own thinking.
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