NEP: Why make fuss of it?

Based on a true story.

Once upon a time, 3 good friends decides to open a business. Ali, Ah Chong and Muthu set up a transport company. They fork up equal shares each, no more, no less. At first, their business only concentrate on private sector. So Ah Chong takes care of finance & admin, Muthu takes care of operations while Ali takes care of marketing.

Their business turned out ok and they are thinking for an expension.They decided to venture into government sector. So, they formed a new subsidiary company fronting Ali as a majority share holder in order to obtain a bumi status company registered with MOF.
Each of them still carry on their duties as agreed way back.

Through the years, Ah Chong and Muthu became richer and richer without Ali realising it. Do you know why?

Ah Chong takes care of finance and admin. He always decide on how the business runs. He purchase office equipment & stationaries from his relative, “Wah Liao Office Supply”. He bought the lubricant, tyres, batteries for their trucks from “Tan Poh Parts & Services”, he tailored the workers uniform at “Lee Tailor”, tax service from “Weng & Co”, account audited by “Lim Management”, Banking at “OCBC”, bought new trucks from “Ong Automobile”, built the trucks body at “Chan Engineering”. Buy motor vehicle insurance from “Chin Insurance Services” . In other words he controlled everything and kaotim accordingly.

Muthu on the other hand, always buy used / 2nd hand parts from “Vellu Keling Botoi”, gets towing from “Samy Towing services”, repairworks done by “Subramaniam Workshop”, office cleaning & sewerage services from “Shri Cleaning Service”, sold scrap at “Manickam Scrap yard”, and the list goes on. And most important, he benefited from it.

While Ali, still work and get paid as a working director. He could never recommend any friends to do business with because everything was taken care by his two partners. Sometimes he thought of bringing the matters up during the board meeting but always hesitated when thinking of the friendship they had built.

Each time Ali manage to secure tenders, his partners will jump joyfully. So does their cronies. Ali is a proud man carrying an executive director title. Yet, he is no richer than his partners.

He never felt used or cheated, eventhough his partners was laughing to the bank.

Now, who do you think benefit the most from NEP? Pls, keep you eyes and ears open wide and THINK !