Saturday, April 6, 2013

Maybank Investment Bank Research: PMO biggest spender in advertisements for Feb 2013 - RM36.1 million, Unilever RM13 million

Big Spending PMO

Can you believe that the Prime Minister's Department (PMO) was the biggest spender in advertisements for the month of February 2013? It’s bloody ridiculous!

According to Maybank Investment Bank Research note on March 19, the PMO spent RM36.1 million, leaving consumer products giant Unilever Malaysia a distant second at RM13 million.

The PMO alone accounts of 7 percent of total gross advertisement expenditure for that month. Not surprisingly, the main beneficiaries were Media Prima and Astro's TV and radio stations.

And that is not all. Supposedly, BN also made it into the top 20 list, spending RM4.9 billion in that month alone.

"We expect ad spend by both PMO and BN to sustain ahead of the 13th general election, which is now widely expected to be called in April 2013," read the note.

Just another example of how the present government treats the public coffers as its own private kitty. Using taxpayers’ money to promote the prime minister and the ruling BN is not only reckless but very wrong. Najib Razak is being his usual indulgent self. How irresponsible can he be! It just goes to show that brain-dead Najib is so devil-may-care!

Malaysians: It is imperative that we end Najib’s profligate ways before our country is in financial ruin!
 
Source:
As I See It: Big Spending PMO

http://helpvictor.blogspot.com/2013/03/big-spending-pmo.html?m=1

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