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| Malaysia Haj Fund to be revamped after making big losses By IRNA 18/8/2001 11:07 pm Sat | 
| [Tabung Haji sudah jauh menyimpang dari tujuan asal  
penubuhannya. Ia nampaknya lebih banyak berniaga (atau 
sebenarnya BERJUDI?) dari menguruskan hal-ehwal haji.  
Sudah lama kita menulis mengenai pelaburan tabung haji 
(Rujuk siri YTDT oleh Pak MT) tetapi itu tidak diperduli. 
Kesannya - kos haji meningkat dan ini membebankan bakal  
jemaah haji dari kalangan orang Umno sendiri. 
  Bayangkan sampai sekarang tiada siapa pun dipertanggung-jawabkan  
kerana kerugiannya.     thr 044                  Malaysia-Haj   /WRD/                                                   
  Malaysia Haj Fund to be revamped after making big losses 
  Kuala Lumpur, Aug 16, IRNA -- A Malaysian pilgrims' fund is being      
restructured to prevent it from collapsing because of failed           
investments, said the Religious affairs minister on Thursday.          
  Abdul Hamid Zainal Abidin, Minister in the Prime Minister's        
Department, declined to elaborate on the restructuring, but said that  
the fund, known as Tabung Haji, should not be allowed to fail.         
  He told newsmen here that the government did not want to see the   
fund go the way of local giant companies like Malaysian Resources      
Corporation Bhd, United Engineers Malaysia and Malaysia Airlines,      
where it had to step in to save them from folding up.                  
  He said it was important for the fund to manage the money          
deposited by Muslims intending to perform the pilgrimage.              
  "I do not want the fund to face the same fate as several local     
giant companies which forced the government to save them.              
  "If this happens, it will be a big slap to the image of the        
country and the Muslim community here," he said.                       
  The minister admitted that some of the investments made by the     
fund had resulted in huge losses.                                      
  There were several critical weaknesses in the management of the    
fund.   The issue of its failed investments came to light when it could    
only give out dividends of 5.5 percent to its approximately four       
million contributors for the financial year 2000.  
  BN/AH                                                                  
End                                                                    
::irna    15:54                                                       
  http://www.nst.com.my/z/Current_News/NST/ 
Friday/NewsBreak/20010817153258   TEMERLOH   Umno Youth seeks meeting with Govt over pilgrimage price hike 
  By Azran Aziz news@nstp.com.my  17 August 2001   Umno Youth is seeking a meeting with Minister in the Prime 
Minister's Department Datuk Abdul Hamid Zainal Abidin to 
get more information on the hike in the pilgrimage expenses 
next year imposed by Lembaga Tabung Haji. 
  Head of its community development bureau Ismail Sabri 
Yaakob said the movement still felt that the increase was too 
burdensome for villagers who formed the majority of Lembaga 
Tabung Haji contributors.  "We have gone to the ground and the feedback from the 
grassroot has shown that they are in the dark about the 
hike," he said.  Pilgrims will have to pay between 10 and 11.5 per cent more 
next year due to escalating costs. Those from the peninsular 
will have to pay RM9,445 while those from Sarawak and 
Sabah will have to pay RM9,530 and RM9,575 respectively. 
  The Cabinet, at its meeting on Wednesday, approved the 
quantum. Before this, all of them paid a standard rate of 
RM8,585.  Ismail Sabri, who is also Temerloh Umno deputy chief, said 
the increment of about RM800 might not be a burden to those 
with high income.  "But we should spare a thought for people like fishermen and 
rubber tappers,many of whom take between eight to 10 years 
to meet the pilgrimage expenses.  "We must bear in mind that for the Malays, they will normally 
go to the Holy Land with their spouses. This means that each 
couple will have to fork out RM1,600 extra. 
  "If they can only save RM100 a month, it will take them 16 
months to come with the extra money needed," he said. 
  Ismail Sabri said if that was the case, there would be a 
number who would "miss the boat" next year. 
  "Now, the waiting list is very long and it can take up to five 
years before you get your turn. If you cannot make it when 
your turn comes, you may have to wait much longer," he 
said.  Ismail Sabri said the movement would support any move by 
Tabung Haji to set up a fund to assist the elderly and this 
should also be extended to the poor.  He said the movement would also support the move to 
restructure Tabung Haji.  "It started as a profit-making body. The reason for it to exist 
was to facilitate Muslims to perform their pilgrimage. But 
lately, they have ventured into business and we have been 
informed that it has incurred losses," he said. 
  The Government, he said, had assisted in many ways for 
Tabung Haji to get their financial means like the allocation of 
the Bumiputera portion of shares whenever there was a new 
listing on the Kuala Lumpur Stock Exchange. 
  "Returns from these investments should instead be used to 
help villagers and the poor," he said. 
  Ismail Sabri said the movement was not accusing Tabung 
Haji of mismanagement but if there was such an element, the 
management should take action.  "Action should be taken against officers whose mistakes have caused Tabung Haji to incur losses. A situation where the poor people are made to suffer because of the officers' carelessness must be checked," he said. |