CONSUMERIST: MSC STATUS, FORCED EXPENSIVE TENANCIES AND VULGARITIES!

Dato Jacob George

‘MSC – World class my foot!

IF this is not another exercise to bleed honest investors and criminals with an agenda I do not know what is!’ – Dr Jacob George

CONSUMERIST: MSC STATUS, FORCED EXPENSIVE TENANCIES AND OTHER VULGARITIES!

We are told that MSC Malaysia Status is recognition by Government of Malaysia through the Multimedia Development Corporation (MDeC), for ICT and ICT-facilitated businesses that develop or use multimedia technologies to produce and enhance their products and services, and for process development.

It is also a mark of world-class service and achievement and your passport and gateway to a host of privileges granted by the Government of Malaysia to the business entities.

That MSC Malaysia Status is awarded to 3 types of business entities, each with a set of different application criteria and guidelines. The qualifying business entities are :-

1.   Private limited companies (i.e. Sendirian Berhad)

2.   Institutions of Higher Learning

3.   Incubators

My question IF indeed the intention is to initiate business development, to encourage the transformation of the Malaysian skyline for Hi-Tech innovations, making Malaysia a country spearheading breakthroughs into the IT frontier another silicon or Bangalore why are the following alleged to be happening:

1.   Companies forced to site themselves in very expensive neighbourhoods with extremely high rentals!

2.   If you thought that was bad what about forcing a 2 year tenancy agreement down the throat of entrepreneurs!

3.   High overheads all round!

4.   Legal costs that is shockingly high!

5.   Hidden costs both direct and indirect and seepages!

IF this is not another bleeding exercise I do not know what is!

Already there are allegations of scams, abuses, rip off, predators abusing the ‘seed fund’ after huge kick-backs are paid to facilitators!

Next week I will brief Member of Parliaments on this and ask them to raise questions on my discoveries on several discoveries and abuses!

I will also brief the Commercial Crime division and other enforcement agencies too.

If READERS have similar horror stories (with documentary proof) email me at drjacob@pd.jaring.my and I will include them in my dossier to the authorities and MPs!

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