Category: Pan El Crisis

MCA continues to be the launching stock in its contempt for its own constitution

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the Petaling Jaya old town branch committee meeting held in Petaling Jaya on Wednesday, Dec. 18, 1985 at 8 pm

MCA continues to be the launching stock in its contempt for its own constitution

For 22 months, the MCA was the laughing stock in the Malaysian political arena, to the extent that the MIC had become even more respectable than the MCA, and the MIC President could talk louder than the MCA President. Continue reading MCA continues to be the launching stock in its contempt for its own constitution

DAP to make an important statement on human rights at the public launching of the book ‘Human Rights in Malaysia’ at the Transport Workers’ Union Hall on Tuesday night

Speech by the Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the National DAP Publicity Secretaries’ meeting held at DAP PJ headquarters on Sunday, Dec. 8, 1985 at 11 a.m.

DAP to make an important statement on human rights at the public launching of the book ‘Human Rights in Malaysia’ at the Transport Workers’ Union Hall on Tuesday night

The DAP will make an important statement on human rights at the public launching of the book ‘Human Rights in Malaysia’ at the Transport Workers’ Union Hall on Tuesday night, 10th December 1985 at 8 p.m. Continue reading DAP to make an important statement on human rights at the public launching of the book ‘Human Rights in Malaysia’ at the Transport Workers’ Union Hall on Tuesday night

What is the justice of the 300-odd list of companies suffering a $10.8 billion loss yesterday when the three companies most closely related to the principal actor of the Pan E1 crisis are protected by their suspension from stock exchange

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Petaling Jaya on Friday, December 6, 1985.

What is the justice of the 300-odd list of companies suffering a $10.8 billion loss yesterday when the three companies most closely related to the principal actor of the Pan E1 crisis are protected by their suspension from stock exchange.

After the three-day closure because of the Pan El crisis, the Kuala Lumpur Stock Exchange re-opened to experience the sharpest plunge in one day for years, with the KLSE index dropping by 378.66 – the first time the index has dipped below the 400 point mark in over two years. Continue reading What is the justice of the 300-odd list of companies suffering a $10.8 billion loss yesterday when the three companies most closely related to the principal actor of the Pan E1 crisis are protected by their suspension from stock exchange

Tan Koon Swan is not fit to enter the Malaysian Cabinet because of his involvement in the Pan E1 crisis

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the Puchong Liaison Committee meeting held in Petaling Jaya on Thursday, 5.12.1985 at 8.30 p.m.

Tan Koon Swan is not fit to enter the Malaysian Cabinet because of his involvement in the Pan E1 crisis which led to the three-day closure of the Malaysian and Singapore stock exchange and the 20-30% drop in share prices on its re-opening.

The newly-elected MCA President, Tan Koon Swan, is clearly not qualified to enter the Malaysian Cabinet because of his involvement in the Pan El crisis which led to the three-day suspension of the Malaysian and Singapore Stock Exchanges, and the 20-30% fall in the share prices on its re-opening today. Continue reading Tan Koon Swan is not fit to enter the Malaysian Cabinet because of his involvement in the Pan E1 crisis

Call on Tan Koon Swan to explain the Pan El’s $140 million forward contract of brand United and Supreme shares, which led to the collapse of the Pan El rescue plan and suspension of the Kuala Lumpur and Singapore Stock exchanges.

by Parliamentary Opposition Leader, DAP Secretary-General and Mp for Kota Melaka, Lim Kit Siang, in Petaling Jaya on Tuesday, Dec. 3,1985:

Call on Tan Koon Swan to explain the Pan El’s $140 million forward contract of brand United and Supreme shares, which led to the collapse of the Pan El rescue plan and suspension of the Kuala Lumpur and Singapore Stock exchanges.

It is now confirmed that one of the main causes for the scuttling of the Pan El rescue plan by a group of banks after two-week long-drawn negotiations is the last-minute revelation last Friday that Pan-El had a massive S$140 million share purchase commitment on a forward Continue reading Call on Tan Koon Swan to explain the Pan El’s $140 million forward contract of brand United and Supreme shares, which led to the collapse of the Pan El rescue plan and suspension of the Kuala Lumpur and Singapore Stock exchanges.