Budgies, boobies and booty


October 8, 2016

Budgies, boobies and booty: Learn to respect cultural sensibilities

I do object to behaviour by fellow Australians that offends if not insults the cultural sensitivities of people in foreign countries of which they are guests… And I shudder at the sight and sound of bunches of oinks arrogantly shouting “Aussie, Aussie, Aussie, oi, oi, oi” anywhere, either at home or abroad… Especially when the offenders are not only of what should be mature age, but also of privileged family and educational backgrounds, as in the case of what the Australian media are calling either the ‘Budgy Nine’ or ‘Budgie Nine’–Dean Johns

by Dean Johns
http://www.malaysiakini.com

Image result for budgie nine

The Budgie Nine

The mind boggles at what a balls-up the boobies of the UMNO-BN regime are making of so-called ‘justice’ in Malaysia.

Nine Australians who made grand pricks of themselves at the Petronas F1 Grand Prix by stripping down to ‘budgie smugglers’ or in other words swimmers, cossies or Speedos emblazoned with the Malaysian flag escaped conviction for any offence, though in the meantime spent four days in jail.

But apparently the same people who objected to the sight of these skimpily-clad bodies didn’t have the same problem with the way the Petronas bimbos flaunted their boobies and booties.

Personally, of course, I take no offence whatever at the sight of beautiful, bootiful, boobiful or otherwise bountiful bodies of any sex or gender. But I do object to behaviour by fellow Australians that offends if not insults the cultural sensitivities of people in foreign countries of which they are guests.

And I shudder at the sight and sound of bunches of oinks arrogantly shouting “Aussie, Aussie, Aussie, oi, oi, oi” anywhere, either at home or abroad.

Especially when the offenders are not only of what should be mature age, but also of privileged family and educational backgrounds, as in the case of what the Australian media are calling either the ‘Budgy Nine’ or ‘Budgie Nine’

Image result for budgie nine

This is more any respecting Malaysian can take–It is provocative and uncalled for.

Alternative spellings that bring me to what no media in Australia or elsewhere appear to have noticed: an apparently commercial motivation for this group’s antics.

Swimsuits of the kind they flaunted in Malaysia, and reportedly previously in locations as diverse as Croatia, The Netherlands, Italy and Greece, and which are worn by male competitive swimmers virtually everywhere, have been traditionally known as Speedos.

Only comparatively recently have Speedo-brand and other Speedo-style swimsuits become known in Australian slang as ‘budgie smugglers’, a term defined by the online Urban Dictionary as ‘any item of male bathing costume that encloses the wearer’s genitalia in a manner that resembles the concealment of a budgerigar’.

In other words, ‘budgie smugglers’ is a generic slang term, but ‘Budgy smugglers’, as close scrutiny of the nine flaunters of this garment in Malaysia reveals, is a registered brand.

Marketing method in apparent madness

Thus there could clearly be a good deal of marketing method in these exhibitionists’ apparent madness, and presumably a great deal for some or all of them to gain from the glare of global exposure they are achieving for the Budgy smugglers brand through such stunts as they have pulled in Malaysia and elsewhere.

In short, I strongly suspect that the Budgy Nine are in it not just for laughs but for also for loot. Or, if you like, into semi-baring their booties for booty.

If this is the case, then it’s no wonder they were treated so leniently by the Malaysian court before which they appeared. Because apparently, as far as Malaysian ‘justice’ is concerned, the more privileged the suspect and the more booty involved, the better.

Petty offences by the poor and powerless are mercilessly punished, as in the case of illegal immigrant Abu Huraira Razak, who was recently sentenced to three years in jail, a RM5,000 fine or additional 12 months in jail and deportation after serving his sentence for breaking into a restaurant and stealing RM1.

Yet, to cite just a few of countless examples of cases of the connected getting away with the booty, the principals involved in the RM250-million National Feedlot Corporation (NFC) scandal were found to have no case to answer; as far as I know nobody has been penalised or repaid a penny for involvement in the RM12-billion Port Klang Free Zone (PKFZ) fraud; billionaire timber-stealing suspect Abdul Taib ‘The Termite’ Taib apparently remains untouchable; and of course Malaysian Official 1 and his accomplices in the RM42-billion 1Malaysia Development Berhad (1MDB) fiasco are at least so far still uncharged and at large.

Furthermore, in an outrageous instance of the pot’s calling the kettle black, the man most largely responsible for enabling if not engineering this bootyful but far from beautiful state of affairs, Mahathir Mohamad, despite his own wealth and that of his allegedly filthy-rich sons, remains free to criticise his successors for continuing his legacy.

In the face of such massive crime and corruption, not to mention politically-connected killings, it seems obscene to me that so many Malaysians can get their knickers in knots about such a minuscule matter as the sight of a bunch of beer-swilling mat sallehs in Budgy smugglers.

But I suppose that at least it serves to divert their attention for a moment from the fact that they’re forever the butts of a far more serious if not outright fatal joke: a ruling regime that sees them as nothing but a source of booty, and complete with institutions as the police, judiciary and media that allegedly utterly fail to perform their sworn duty.

MAS: Mueller’ s successor should have vision, experience and expertise.


April 29, 2016

MAS: Mueller’ s successor should have vision, experience and expertise.

by Scott Ng

http://www.freemalaysiatoday.com

http://www.freemalaysiatoday.com/category/opinion/2016/04/29/dont-make-an-issue-of-mab-chiefs-nationality/

At the end of the day, MAS is a business, and in a business you either prove yourself capable or you don’t deserve the job. This is our national carrier, and it should be a source of national pride, but we should not let national pride in and of itself be the sole determinant of whom we choose to lead it. That person should be someone with vision, experience and expertise.–Scott Ng

 

If there was any doubt about Christoph Mueller’s abilities as a business manager, this was dispelled last February when MAS, in its new incarnation as Malaysia Airlines Berhad, made its first monthly profit in years. His turnaround of our national carrier is indeed nothing short of phenomenal. So it was quite surprising to hear him announce his resignation as CEO, coming as it did less than a year after he assumed the position.

Some people are speculating that it was political pressure that forced the industry-renowned airline revival specialist to depart, though Mueller has denied this. He claims that personal reasons forced his hand, and he would be taking a huge financial hit with his departure.

While no Malaysian would be surprised to hear that rent seekers may have showed up the instant MAS turned a profit, what lies behind Mueller’s departure is his own business. But as conversation turns toward appointing a new head for the national carrier, there is some unsavoury talk about his status as a foreigner, with some saying the company should be run by a Malaysian, meritocracy be damned. Even PKR’s Tian Chua reminded the public that his party had warned about bringing in a foreigner to run MAS, saying, “It is unfair to bring in a foreigner at a critical time and ask him to turn around the national airline. How can he turn around the company if he does not understand Malaysian work politics?”

We do detect a touch of irony in Tian Chua’s remark, particularly where he refers to “Malaysian work politics”. Nevertheless, his complaint about the “unfairness” of hiring a foreigner instead of a Malaysian expresses a sentiment shared by a number of politicians on both sides of the divide.

Certainly, a foreigner would not be expected to be intimately acquainted with our politics, and MAS, like all national arms, is heavily linked to the ruling party. However, it seems rather a trite reason to protest against Mueller’s appointment. It appears that we Malaysians are indeed capable of extending our racism to include hostility to the idea of having someone from outside our ken coming in and telling us how to do our jobs.

The fact is that Mueller (above) was the most competent person willing to come in to help an airline that had lost two aircraft to tragedy in the span of a few months. He was chosen because he merited the role and the challenge, and no amount of hemming and hawing and subtle racism can take that away from him. Even if the announcement of MAS’ February profits seemed like one timed to save his face, he can still take pride in his achievement, considering the sordid state that the company was in after decades of national stewardship.

Look, it’s not about where someone comes from. At the end of the day, MAS is a business, and in a business you either prove yourself capable or you don’t deserve the job. This is our national carrier, and it should be a source of national pride, but we should not let national pride in and of itself be the sole determinant of whom we choose to lead it. That person should be someone with vision, experience and expertise.

 

Cambodia: The Rise of the Young Entrepreneur


April 29, 2016

Cambodia: The Rise of the Young Entrepreneur

by Scott Rawlinson

http://asiapacific.anu.edu.au/newmandala/category/cambodia/

A new crop are bursting onto the country’s business scene and showing the way for sustainable economic growth, reports Scott Rawlinson.

On  March 16,  Prime Minister Hun Sen expressed his disappointment at foreign journalists who, painted Cambodia as a sort of “hell”. At the same time, democracy and human rights forecasts for the Southeast Asian nation are frequently gloomy. For example, see this report from USAID published in January.

Regardless of the merits of either side of the argument, the story of Cambodia since the fall of the Khmer Rouge is one that is much more complicated and multifaceted, defying easy and universal classification. In fact, there is not so much a Cambodian story as a multitude of Cambodian stories.

In particular, young Cambodians without memories of the Khmer Rouge’s brutal reign are forging new narratives. Since the 2013 National Assembly elections, and the shock experienced by the long-incumbent Cambodian People’s Party (CPP), the need to appeal to youth and capture their imaginations has risen in the party’s political agenda and strategies.

Prior to the 2013 election, the opposition Cambodia National Rescue Party (CNRP) made effective use of various social media platforms, gaining much support from young urbanites in Phnom Penh and its surrounding areas. In response, the CPP, and in particular Prime Minister Hun Sen, became much more active on Facebook, giving users the chance to watch live streams from various public works and graduation ceremonies as well as the opportunity to follow the day-to-day activities of the Prime Minister and his interactions with — often young — Cambodians.

Nevertheless, it would seem that young Cambodian entrepreneurs are taking matters into their own hands. At a special public lecture hosted by the Cambodian Institute for Strategic Studies (CISS) I was fortunate enough to attend a presentation on the ASEAN Economic Community and its implications for Cambodian entrepreneurs delivered by HE Dr Sok Siphana — an advisor to the Royal Government of Cambodia.

Following the fall of the Khmer Rouge regime infrastructure and business, among many other things, had to be rebuilt from scratch. Throughout the Vietnamese occupation, the intervention of the UN and the shift towards privatisation, Cambodia witnessed the (re-)emergence of powerful business tycoons as well as the smaller family-run stalls that remain a common site throughout the country.

According to Dr Sok Siphana (above), what many of these early businessmen and women lacked was formal education and training, robust accounting procedures, and the ability to communicate in the languages of international trade, particularly English.

This state of affairs underwent huge changes in the post-1993 era. The provision of scholarships to talented Cambodian youths, giving them the opportunity to study abroad, raised the human resources and capacity available to Cambodia. Now a number of Cambodians study in universities elsewhere in Asia, the European Union, the US and Australia, attending a number of prestigious institutions.

Of course there remains the issue of a possible “brain drain”. It is not always guaranteed that Cambodian students who opt to study abroad will necessarily wish to set up their business or work back in Cambodia once their degrees are completed.

However, with this growth in the number of tertiary-level educated Cambodians and the enthusiastic embrace of social media and other new technologies that act as business aids, young Cambodian entrepreneurs with knowledge and business plans are already and likely to continue to transform the nation’s economy.

Additionally, organisations such as the Young Entrepreneurs Association of Cambodia (YEAC) provide a community for accomplished and aspiring businessmen and women to exchange ideas and advice with one another.

There are a few notable success stories. A perfect example is Brown Coffee a thriving coffee and bakery chain with a number of outlets across Phnom Penh and which was co-founded by five young Cambodians with formal education, practical skills and a robust business model. One of its co-founders, for instance, studied education and communications, another is an architect, still another a pastry chef as well as two structural engineers. While serving both expatriates and locals it employs many local Cambodians.

Whether legislation from the government keeps up the pace with the private sector and the influx of ideas-full prospective entrepreneurs is something we will discover in the future.

It would be naïve to think that Cambodia has solved all of its social and political issues and ills that act as a hindrance to a more equal form of national development. However, young Cambodian entrepreneurs are lighting the way for a more sustainable and localised form of economic growth.

I hope that success stories like Brown Coffee act as an inspiration for this and the next generation of young Cambodian entrepreneurs.

Scott Rawlinson received his MA in South East Asian Studies from the School of Oriental and African Studies (SOAS), University of London. He is currently a Fellow, and Coordinator for Fellows, at the Cambodian Institute for Strategic Studies (CISS), Phnom Penh, and will commence his PhD at SOAS in September 2016. All opinions are those of the author and do not necessarily reflect the views of the Institute. 

 

MAS and the Mueller Story


April 28, 2015

MAS  and the Mueller Story

by P Gunasegaram

http://www.malaysiakini.com

QUESTION TIME | Malaysia Airlines Bhd’s first non-Malaysian CEO Christoph Mueller announced he is stepping down last week barely one year at the top seat for “personal” reasons. Why? And, was he good for Malaysia Airlines?

Khazanah Nasional is now pumping in some RM6 billion into the airline for its recovery plan and in addition to the RM17.4 billion pumped in over the last 14 years, the total spent is soon likely to hit a massive RM23.4 billion. Will it be worth it?

Unfortunately statistics from Malaysia Airlines are insufficient to say how good a job Mueller has done. Where there is a paucity of information there are usually problems – why would anyone hide good news?

Mueller, appointed in March last year, will step down in six months as he serves his notice out – one and a half years before his contract ends. He will be a non-executive director after that. That Mueller can stay on for another six months is clear indication that his “personal circumstances” are not urgent, indicating other reasons why he is stepping down.

There are two sides to turnaround – cutting costs and increasing revenue. It is not only about turning to a profit – it is about sustaining a profit which the airline is capable of given its previous track record.

The easy way to turnaround is to shut down unprofitable operations, sell related assets and keep only profitable ones. That mean smaller profits but forever destroying the ability to rake in larger profits. If you want to turn around the entire operations, it’s a lot more work.

Mueller has overseen the cost-cutting quite well, much of the groundwork having already been laid by Khazanah Nasional before he came aboard. Some 6,000, or about 30 percent of workforce, have already been laid off. Routes have been cut drastically – and Malaysia Airlines is now just a regional airline with Emirates providing international connectivity. That may be a major problem.

At the heart of all airline operations is revenue management – the fine-tuning of ticket prices to ensure  the plane is sufficiently filled at a price which will maximise revenue. This is done for every single route.

If this is done right, the yield or amount received per revenue passenger km (RPK – no of paid seats multiplied by km flown) increases while the load factor (the amount by which seats are filled) are optimised to give maximum revenue.

This excellent article titled ‘What’s wrong with Malaysia Airlines’ gives a full explanation of how yields work for those who want a fuller explanation. The bottom line is if your fares are too low, you can have a serious problem.

From the chart, yields at Malaysia Airlines grew sharply after Idris Jala became CEO. By 2006 MAS’ yields were in tandem with some of its regional peers like Cathay Pacific and Thai Airways. The impact of the increasing yields on MAS’ bottom line was quick, and in 2006 losses were reduced to RM100 million from RM1.3 billion previously.

By the end of 2007, Malaysia Airlines’ yields were the highest among the regional airlines, and its net profit among the highest ever historically with some RM900 million. The onset of the global financial crisis resulted in yields tumbling across the board but Malaysia Airlines’ yield was the slowest to recover in the subsequent years and tumbled sharply post 2012, showing a wide gap with the yields of other airlines – the underlying problem for the airline.

Malaysia Airlines actually had a cost advantage over the other regional airlines in terms of costs per available seat kilometre (ASK – available seats multiplied by kilometres flown, a measure of capacity). Thus yield, not costs, was Malaysia Airlines’ core problem.

Khazanah Nasional figures show that Malaysia Airlines yield, measured this time in terms of revenue per available seat km, or Rask, at 20 sen, has a yield gap of 2.7 sen compared to the average of four other regional airlines – Cathay Pacific with a Rask of 24 sen, SIA (22.9) Garuda (22.5), and Thai (21.5). This means among the five, Malaysia Airlines charges the lowest fares relative to its capacity.

This is important – former CEO Ahmad Jauhari Yahya estimated that one sen in Rask accounts for RM500 million in revenue. That implies that 2.7 sen accounts for RM1,350 million. If Malaysia Airlines’ yield improved to industry average, the airline will be easily profitable. Also, Khazanah Nasional figures show that Malaysia Airlines has costs per ASK or Cask of 21.4 sen, below the peer average of 22.2 sen.

A battle Malaysia Airlines will lose

The problem becomes clear – Malaysia Airlines has the lowest unit cost which is good, but it also has the lowest unit revenue which is bad. All it has to do is to increase the unit revenue and its safe home. That however is a complex process undertaken with complex computer simulations and trial and error.

Has Mueller managed to do that? Unfortunately we don’t know because Malaysia Airlines does not provide the necessary figures. All he has said recently is that the airline turned to profit in February and even then did not say how much and how. What he should have shown is the progression of unit costs and revenues relatives to its peers. Then we would have known exactly what he has achieved and what he has not.

The paucity of information means that Mueller probably has things to hide. Anecdotally, there is evidence to indicate yield management is poor. I checked return ticket prices to Bali from Kuala Lumpur three months out for Malaysia Airlines and AirAsia. Guess what, it is about the same price of around RM850.

If a full-service airline is charging low-cost airline prices there really must be something wrong over its pricing especially for Malaysia Airlines, which has been on Skytrax’s list of 5-star airlines many times but recently seems to have dropped out though.

On top of that, there is the silly decision from this year to suspend serving of alcohol on short flights of three hours and less, even on business class and first class, a short-sighted decision that puts it severely at a disadvantage relative to its peers. Even all the major Middle Eastern airlines serve alcohol with no restrictions.

The way Malaysia Airlines is going, it is becoming a ticketing agent for Emirates internationally with the code-share arrangement it signed while it is shrinking its operations to become a regional airline taking on the likes of successful low-cost AirAsia – a battle it will lose. A full service airline cannot compete on cost with a low-cost airline – Khanazah Nasional figures show a huge 6.3 sen cost gap between AirAsia (14.8 sen Cask) and Malaysia Airlines (21.1 sen).

If Malaysia Airlines’ intention is to give up the international routes in favour of Emirates, to which it effectively becomes a ticketing agent, and fight an unwinnable battle regionally on cost with AirAsia – it might as well close shop and save the country billions of ringgit.

The true test of turnaround is not an indiscriminate lopping of loss makers but a carefully considered attempt to turn into profit a substantial portion of an enterprise’s entire operations. Otherwise, we might as well appoint liquidators.


P GUNASEGARAM laments terribly the extreme erosion of the Malaysia Airlines brand name, a reasonably competent and efficient airline whose service is still among the best in the industry, over the last few years. Contact: t.p.guna@gmail.com.


 

Whitewashing Najib’s image won’t do


July 2, 2015

Whitewashing Najib’s image won’t do

by Stephen Ng@www.malaysiakini.com

lim-kok-wing-najib-mahathir

COMMENT: I scoured through the media to see how a public relations mogul has been able to salvage Prime Minister Najib Abdul Razak’s reputation.

First, allow me to qualify myself. I am from a public relations (PR) background and has also been a writer all my life; hence, it naturally interests me when there is something I can learn from a PR practitioner although in my opinion, there are many more qualified PR practitioners in the country than Lim Kok Wing himself.

Lim is more of an advertising man than a PR practitioner; therefore, it is not surprising to see the quality of work produced is below par excellence. This is my personal opinion and I will explain why I am saying this.

In the last one month or so, there has been no significant change in the people’s perception of Najib. If anything, it has only gone from bad to worse. People are in fact gravitating towards former Prime Minister Dr Mahathir Mohamad and the Crown Prince of Johor (TMJ) Tunku Ismail Sultan Ibrahim for what they have to say. Najib might as well review his contract with Lim, to see if he is getting his money’s worth.

Little done so far

Let me elaborate. Lim said that he was not involved with the Nothing2Hide seminar. However, after the incident, little damage control was done to salvage Najib’s reputation. The fact that Najib did not turn up for the event was already seen as ‘chickening’ out, especially when he  learned that his ally-turned-nemesis Dr Mahathir was there at the event.

To make matters worse, Inspector-General of Police (IGP) Khalid Abu Bakar took it upon himself to advise Najib not to attend the meeting. Using the safety of the Prime Minister is not an excuse, especially in a country which is supposed to enjoy peace and harmony. On record, no one has threatened Najib’s life and certainly not the people who attended the meeting.

Questions have been raised why Najib did not take the bold step like Julius Caesar and attend the meeting, despite the IGP’s advice? He could have at least worn a bulletproof vest to protect himself, and all exits into the hall cordoned off by the police the moment Najib went into the meeting.

I am a little surprised that Lim, in his capacity as Najib’s PR consultant, has done nothing to advise his client on how to salvage his reputation; instead, Lim merely came forward to say that he was not involved in the Nothing2Hide event.

TM Tunku Ismail of JohorEven the TMJ saw it fit to hit out at Najib for his lack of courage to face the nonagenarian. If that’s the case, what has Lim done so far to advise Najib? At the very least, Najib should come out in an open debate with Dr Mahathir, because this is what the people are waiting to see.

A debate is not going to tear the country apart, but it will bring out the best of arguments from both sides so that the people can decide whether to believe Najib’s story or continue to give further credence to Dr Mahathir.

Fast forward, in the last few days, there were articles quoting 1Malaysia Development Berhad (1MDB) and Najib that appear to be written by a different group of people. 1MDB said its RM20 million given as corporate social responsibility to a mosque in Kampung Baru is acceptable. We are not interested in how much 1MDB can give to even a church or a temple, but why was the donation announced by Najib if he is merely an adviser to the board?

At the time of writing, Malaysiakini highlighted that Malaysia’s outlook revision by Fitch from negative to stable “is a reflection of the government’s financial management capabilities”. Will anyone believe Najib, especially when the rating agency said that Malaysia’s fiscal position is still weak and the ringgit has taken a beating against the greenback?

Please step down

Quit Najib2
So far, Najib is the only one who say that the Goods and Services Tax (GST) and fuel subsidy cuts are supportive of the fiscal finances. On the ground, the people are whining and groaning, while the market is slowing down, and everyone is talking about removing Najib as Prime Minister.

One contractor I spoke to yesterday fact said that he wants to see Najib stepping down soon, as he sees the country going to the dogs. An economics professor that I spoke to feel that the country is losing its sense of direction and he calls Dr Mahathir the “official Mr Opposition.”

Walking past two gentlemen having breakfast, the conversation is also focused on businesses now investing overseas instead. The outward bound foreign direct investment has in fact risen over the years. Businessmen will put their money where there are better returns for their investments.

In fact, I was told that since 1994, the country’s purchasing power parity (PPP) has only improved by several percent compared to the PPP in the US within the past two decades. The same is happening in Thailand. We are caught in a middle-income trap and appear to be going nowhere.

While foreign investors are moving to countries with low wages, and domestic investors are also looking for greener pastures abroad, there is not enough effort made to stimulate the country’s economic growth.

Next, we look at the Malaysian side of the story about the arrest of Xavier Justo. According to the Thai authorities, he was arrested because he had allegedly blackmailed PetroSaudi Investment (PSI). However, Home Minister Zahid Hamidi and others have been singing a different tune, saying that Justo had tampered the emails provided to the Sarawak Report.

Is this again the advice from a PR consultant? Or perhaps, it is because Lim’s influence does  not cover the extent in which other cabinet ministers act? I am wondering!

My question is simple: Even if Justo had tampered the emails, how does it affect the questions people are still asking: Where is the RM42 billion? Most people agree with Dr Mahathir that unless 1MDB can show us the money NOW (not six months later), there is a credibility issue with all the parties involved in the entire fiasco.

Another piece of work which appears to come from the PR consultants is Najib’s soft side, wanting to make sure that former opposition leader Anwar Ibrahim’s health condition be given top priority.

In the first place, who was the one who pushed the Sodomy II case all the way to the Federal Court after the Kuala Lumpur High Court had acquitted Anwar of any wrongdoing? If Najib cares to look back, his own popularity took a dip after Anwar was thrown into prison.

My constructive criticism to Najib is that he should at least step down. There is more harm being done to the fragility of our current economic condition than good by him trying to cling on to power for the next 18 months.

Cue already given

Even US President Barack Obama hinted this in a recent response to Malaysian elected representative Yeo Bee Yin who raised the question. The cue has been given, but neither Najib nor his PR consultant have  picked this up.

I wish to sound out what the TMJ had said, because in principle, his observation applies universally: “A cowardly leader is the most dangerous of men and that one of the tests of leadership is the ability to recognise a problem before it becomes an emergency.”

TMJ went on to hint that “inventories can be managed, but the people must be led by example and with integrity. Remember that the key to successful leadership today is influence, not authority.”

Using the long arm of the law to clamp down on the opposition would only make the survival of Barisan Nasional and UMNO even tougher. As it is, people view Najib’s administration as flexing too much power against the voices of dissent, while not dealing with the core issues such as corruption.

Paul LowPaul Low–A Failed Minister

If anything, the PR mogul should deal with this major ‘gangrene’ first, and make the Malaysian Anti-Corruption Commission (MACC) go after the big fish. Sadly, this is also where former Transparency International Malaysia president, Paul Low has failed miserably since joining Najib’s cabinet as Minister in charge of governance and integrity. Unless Najib steps up his ante against corruption, Low’s efforts will only be seen as apple polishing the people in the corridors of power.

No amount of force would change people’s perception at this juncture in Malaysian history. Najib has to just look at the arrogance of PAS President Hadi Awang and what this has done to the Islamist party! Overnight, PAS can be dumped by the people who support Pakatan Rakyat.

There are enough lessons to be learned, but has Najib even bothered to listen to the whispers of the wind? Or, does Najib have to hire more PR moguls to join his war room?

The only sensible thing for Najib to do is to step down at a time when the people have lost confidence in him, except a minority of UMNO warlords who are benefiting from the gravy train. This would give BN a better chances of survival in the future ahead, as the rakyat would not like to see a weak opposition, once the new coalition takes over Putrajaya.

Sixty years in power is long enough for BN. When it is time to go, be gracious and give way to the younger generation of leaders such as Rafizi Ramli and Tony Pua  to spearhead Malaysia’s economic growth.

Train up the younger leaders who are clean to take over the helm of BN, to serve the people instead of being involved in dirty politics. Perhaps, the people will someday give BN a new mandate but for now, the sinking ship has to go before a new ship can be commissioned.

We are a nation in birth pangs. Malaysia, like Indonesia, is longing to see a Jokowi type of leader, no longer the Suharto type. And sultans in the likes of TMJ! I am sure if the TMJ is criticised by even this humble servant, the TMJ would not be using force, but his brainpower to win the respect of the people and show why what he does is indeed good for the people.

Halim Saad- Plus Deal


June 28, 2014

Halim Saad- Plus Deal

by P. Gunasegaran & Khairie Hisyam

Issues  |  MARCH 27, 2014 3:36 PM

Halim Saad-Plus Deal

Sources tell KiniBiz the deal is unlikely to be approved by the government because of a number of factors, including non-viability of the project. We then outline the major obstacles Halim faces to make his deal a success.

____________________________________________________________________

The government is unlikely to approve a bid by former United Engineers Malaysia (UEM)-Renong chief Halim Saad for Plus Malaysia Bhd, the concessionaire for the North-South Expressway and several other highways.Halim Saad

Sources say that this is because the numbers in Halim’s proposal, presented by PwC Capital, a unit of audit firm PwC, are not likely to lead to a viable proposal, they said.  Halim is working with Lembaga Tabung Haji on this deal. However, Halim Saad told KiniBiz earlier today that he has not heard so far that the government has turned down the deal. In his presentation, Halim had sought government approval to do a due diligence on PLUS before he makes an offer. Halim declined to give any further comment.

Analysts say that shareholders’ funds or equity of PLUS currently amount to some RM3.4 billion while total debt, basically sukuk bonds issued in January 2012, amount to some RM30.6 billion, making in all a total value currently of about RM34 billion.

READ ON: http://www.kinibiz.com/story/issues/78289/halim-unlikely-to-get-green-light-for-plus-bid.html