- Jamil Slams PAS For Linking Party Loyalty To Divorce
- PKFZ: MACC Chief Brushed Off PAC
- Malaysia's Exports Plunge 24.2 pct In September - Malaysia's Exports, The Mainstay Of The Economy, Slumped 24.2 percent In September From A Year Ago, According To Official Data Released Wednesday. - By AFP (6/11/09)
- No ISA Billboard Is Back Again!
- Sound Bites on Proton
- Rosli Dahlan files two additional summons
- Anwar fails to get extra evidence
- Budget 2010: Fairer Deal Needed for States
- Government Pulls Back Plan On Vehicle End Life Policy
- <br><br>Kelantan is threatening to terminate the 1976 Agreement with
- "Mum... dad... I wanna join the MACC!"
- Anwar gagal dapat bukti kes
- Hadi is 'Pak Lah of PAS'
- PR Selangor digesa perkukuh kerjasama bersepadu
- Issues on Religion
- Be constructive, says Harvard educated Nathaniel Tan
- Why I Like SALCON
- Is Khalid Ibrahim in another favour-for-cash with Lim Kim Hong?
- Chua is still suspended, dismissal of 4 CC members unconstitutional
- Zaid Leads The Registration Of Pakatan
Posted: 06 Nov 2009 10:52 AM PST
PUTRAJAYA, Nov 6 (Bernama) -- Minister in the Prime Minister's Department Datuk Jamil Khir Baharom said it is unreasonable for PAS to link party loyalty to divorce.
He said the loyalty oath taken by PAS members of parliament and state assemblymen to prevent party hopping was not only cruel but could also hurt innocent family members.
"I like to remind those who made such statements to realise that divorce is a serious matter. I am worried that it will become a joke among the people," he told reporters here Friday.
The minister was commenting an English newspaper report today that PAS elected representatives had taken a loyalty oath that they would divorce their wives should they decide to quit the party.
Jamil said the 71st National Fatwa Committee Conference did not accept a proposal that 'lafaz taklik' (pronouncement of divorce) be included if the husband decides to practice polygamy.
"As such, it is unsuitable to invoke taklik in matters like party hopping. It is loose, irrelevant and unreasonable," he said.
tunku : what an Islamic party is this? Islam never preach us to do such thing. pas is no more a party that believes in democracy.pas are ruled by dictators.they should be ashamed of themselves.they have made religion a joke.
Posted: 06 Nov 2009 08:32 AM PST
The Malaysian Anti-Corruption Commission (MACC) was first summoned to the Public Accounts Committee (PAC) to clarify matters regarding the Port Klang Free Zone (PKFZ) scandal on the 17 June 2009. However, the MACC Chief Commissioner, Dato' Ahmad Said Hamdan brushed off the PAC like we were a fly on his shoulder.
He didn't even bother sending his Deputy Chief. Instead he sent his Director of Investigations, Datuk Mohd Shukri Abdull with a letter informing of his absence.
...Dukacita dimaklumkan bahawa saya tidak dapat hadir ke mesyuarat tersebut pada tarikh yang dinyatakan. Saya memohon maaf di atas perkara tersebut. Oleh itu saya mewakilkan Yang Berbahagia Datuk Mohd Shukri bin Abdull, Pengarah Bahagian Siasatan untuk hadir ke mesyuarat yang berkenaan pada tarikh 17 Jun 2009.The PAC members were of course livid. Ahmad Said did not even bother attempting to justify or explain his absence. Even the normally gentle PAC chairman, Datuk Seri Azmi Khalid was upset.
...Sebelum saya teruskan saya hendak tanya, surat ini dia tidak sebut sebab apa dia tidak dapat hadir. Adakah dia ke luar negara, adakah dia sakit, apakah sebab yang Ketua Pengarah tidak hadir?The response from Datuk Mohd Shukri bin Abdull was:
...Saya diberi surat panggilan untuk hadir mesyuarat ini bertarikh 15 hari bulan kepada saya. Saya hanya dimaklumkan oleh Ketua Pengarah saya kerana ada tugas lain yang lebih penting. Dia tidak maklumkan tugas apa Tuan Pengerusi dan saya bila saya tengok di Minit kepada saya itu, terus saya datang sini...My goodness! "ada tugas yang lebih penting"! More important than the most important committee (PAC) of the highest legislative body of the country?!
We were disgusted, or well, at least I was.
Tuan Pengerusi: Okey... [Ketawa] Kalau saya izinkan semua Ahli PAC ini bercakap, saya rasa meletup juga lah. Biarlah saya sebut. Perkara yang lebih penting itu apa?
Datuk Haji Mohd Shukri bin Abdull: Minta maaf Tuan Pengerusi, dia tidak maklumkan kepada saya.
Tuan Pengerusi: Ini ingin dimaklumkan bahawa sidang PAC ini adalah sidang sebahagian daripada Parlimen, macam you masuk ke Parlimen untuk memberi dan menjawab soalan-soalan. Jadi kalau badan yang tertinggi sekali dalam negara memanggil dan tidak begitu penting, bermakna Ketua Pengarah Suruhanjaya Pencegah Rasuah Malaysia tidak menghormati Parlimen. Itu maknanya.So MACC wasted our time, we postponed the meeting which was subsequently held a week later on 23 June. I can let you know here that when Ahmad Said came for the meeting then, he did not even have the courtesy to apologise for his absence in the previous meeting! What a ....! That's one of the reasons why we have argued that when the bill on MACC was debated in parliament last year, the agency must be placed under the purview of the Parliament, so that we can keep this cocky spaniels in check.
Malaysia's Exports Plunge 24.2 pct In September - Malaysia's Exports, The Mainstay Of The Economy, Slumped 24.2 percent In September From A Year Ago, According To Official Data Released Wednesday. - By AFP (6/11/09)
Posted: 05 Nov 2009 03:15 PM PST
Malaysia's exports, the mainstay of the economy, slumped 24.2 percent in September from a year ago, according to official data released Wednesday.
Posted: 06 Nov 2009 07:25 AM PST
The first Malaysia Anti ISA Billboard was set up in Penang on 10th October 2009 by the Penang State Government. And 5 days later it was vandalized. The billboard was removed. (Who could have done it) This afternoon around 4.15pm I received a text from the lady who was assigned to arrange the setting up of [...]
Posted: 06 Nov 2009 06:49 AM PST
Below is the recent posting by Tun Dr. Mahathir on Proton . Unfortunately of the 87 comments to date, not one really demonstrates the knowledge of this issue. So lets see how we fare.
Following is the reproduction from "Sound Bites On Proton" that appears on Tun Dr. Mahathir's blog
Dear Ir. Syahrizan,
1. I am not going to deny that in my time Proton was protected. All countries including Britain, Germany, Japan and Korea protect their car market. Britain had Imperial Preference, Japan and Korea ensured no foreign cars could be imported, even America insists on Japanese, Korean and Germans producing their cars in America, employing Americans and paying high salaries.
2. The protection for Proton cars had been there all along. Without protection we would have no car industry. Proton gained 80 per cent of the market at one time benefiting from protectionism.
3. Because of the APs (Approved Permits) for cars from countries which Proton cannot penetrate (Korea and Japan) sales of Proton went down. Proton lost money, the foreigners made a lot of money with the lower price of their cars sold in Malaysia. Their lower price is due to volume i.e. economies of scale. We could not achieve this because of their protected car market.
4. Now Proton is fighting back despite imports of foreign cars. I was making a comparison only between Proton under the previous management and the present management. The present management is definitely more capable even though foreign cars are still coming in.
5. The keeness to buy Proton is because it is doing well and that it owns a lot of property.
6. I am not responsible for the recent National Automotive Policy. I am not in the Government now. Please make your complaints to the Government.
Proton's assets are about RM 7.5 billion with about RM 3 billion being in Property, Plant and Equipment. Indeed RM 3 billion may seem to be a large number.
However, this accumulation of wealth is perhaps not the best indicator of the success of Proton. If the wealth was via a free market competition, then consumers would have the luxury of low prices and best value for money. This is a basic economic concept.
However, as you have indicated Proton's success is due to the high tariffs imposed on foreign car manufacturers. Your justification of the tariff is as a retaliation to domestic protection evident in other countries and to pre-empt any 'dumping' of foreign goods.
Whilst the argument makes sense in a perfect world, it fails to take into account the reality of the situation domestically.
Lets examine a few questions.
Who bears the cost of the tariff?
It is the humble citizens of this country. Most of them are not very rich, and basically right now, are facing what is known as middle income poverty. Being wage earners, their income is fixed, and a high proportion of the income is used to pay off loans, expenses and other encumbrances. Most of them are frustrated at the high prices of cars, but are unable to argue out why tarriffs should be removed.
They have not studied Economics and so lack the lingua franca. Some who do indeed study economics talk rubbish.
How much is the cost of the tarriff.
A high tariff results in higher cost for imports as well as a higher cost for domestically produced goods. For the case of Proton Berhad, it manufacturers a wide variety of cars, and the prices range from RM 33,000 to RM 100,000.
The prices are prohibitively high, and most people are forced into obtaining bank loans to fund their purchase of the car. Imported cars are of course a non-question as the tarriffs make it even more expensive.
Right now the total amount of bank loans on car purchases are RM 100 billion.
Due to the emergence of the Internet, many complain that for the same amount of money spent on buying a Proton car, one could obtain a good of perceived superior value. Or in the case of the poor, they could perhaps obtain a similar car at a cheaper price.
A back of envelope calculation, taking into current demand, seems to indicate that if car prices were 25% cheaper without this tarriff, households would RM 8 billion better off last year. Over the last 3 years, the sum was RM 21 billion.
I do not know how much consumers would be better off over the last 24 years. However I am quite sure it will be more than the RM 3 billion of property Proton currently owns.
If there had been no tariffs, consumers would not need to pay so much money. They would also need to be encumbered by such huge loans. As it stands now, on average every man, woman and child, owes RM 4,000 on account of a car.
Such deep debt burdens are unheard of in other countries. The households have to pay off not only the principals, but the accrued interest as well. This reduces their capability to save and to consume - activities that are direct inputs to the GDP.
So what it means is that the less families are burdened by this debt, the higher will be our GDP. The relationship is straight foward.
So whilst it is perhaps correct that domestic tariffs protect a local industry, however consumers will suffer on the whole and the countries economic growth will be compromised.
This is a long term scenario, and to quote a counter example of the growth in the 1990s belies a lack of understanding on what is the output gap i.e. the difference between potential GDP and actual GDP. In the 1990s, the output gap was quite large, so there was strong economic growth.
However a country's future cannot be microsectioned into a period of 10 years, after all a generation usually lasts for 70 years.
Thus it is long term thinking and long term solutions that will ensure whether Malaysia continues to experience economic growth and opportunities. Short term thinking and short term policies work for a while and then are found to be suspect. For example, AIG and Citigroup had for a period of time, a combined market capitalization comparable to our entire economy due to short term policies. Right now, the United States Government had had to pump in a rescue package equivalent to 2x our total GDP.
Thus, this short term thinking is not a problem unique to us. Long term thinking has been the key differentiator of many countries. Countries that can have a sustainable long term policy end up better, countries that have short term policies end up worse.
I understand your no longer responsible for the NAP.
However, I am not complaining, just correcting a misconception.
Posted: 06 Nov 2009 06:10 AM PST
November 6, 2009
Sometime in September, 2009 (September 20?), I carried in this blog a report with due acknowledgment to Malaysia-Today that respected Malaysian lawyer Encik Rosli Dahlan filed a rm50 million suit against MACC, the Government of Malaysia and Utusan Malaysia (a paper owned by UMNO) for defamation and unlawful detention.
Most of my blog readers were sympathetic towards Encik Rosli. They respected his passion for justice and fair play, and admired his courage as they could identify with his plight. Most of us including myself feel at that time –and we still do — that the courts, despite its imperfections, remain the last bastion of justice. Encik Rosli, as an ordinary citizen like the rest of us (but with years of legal practice to his credit and a reputation to go with it) has rights guaranteed under our constitution and these rights are inviolable. But for some mysterious reasons, that report was expunged from my blog.
Today, I am posting a report which appeared in Berita Harian, Singapore, and posted in Malaysia-Today, that Encik Rosli made two additional summons against The Star, its Chief Editor, Dato Seri Wong Chun Wai and Chief Reporter Charles Lourdes, and another English language paper. It is interesting to note that none of our mainstream media carried Encik Rosli 's latest action.–Din Merican
November 5, 2009
Peguam Terkenal Rosli Dahlan fail dua lagi tuntutan saman
By Darwis Said, Berita Harian Singapore
SELEPAS membuat tuntutan saman ke atas Suruhanjaya Pencegahan Rasuah Malaysia (SPRM), kerajaan Malaysia dan akhbar Utusan Malaysia kerana memfitnah, menyerang dan menahannya secara salah, seorang peguam tersohor di Malaysia, Encik Rosli Dahlan, kini difahamkan mengajukan dua lagi tuntutan saman terhadap dua akhbar arus perdana di negara itu.
Dalam pernyataan tuntutan keduanya yang difailkan di Mahkamah Tinggi Kuala Lumpur 21 Oktober lalu yang salinannya diperolehi akhbar Berita Harian, Encik Rosli, sebagai plaintif, mengemukakan tuntutan saman ke atas tiga defendan: The Star Publications (Malaysia) Bhd, syarikat pemilik dan penerbit akhbar The Star; ketua editor akhbar itu, Datuk Seri Wong Chun Wai; dan ketua wartawannya, Encik Lourdes Charles (kini bergelar Datuk).
Peguam itu juga difahamkan membuat tuntutan saman ketiga terhadap sebuah lagi akhbar bahasa Inggeris, SPRM (dulunya Badan Pencegah Rasuah, atau BPR), dan beberapa individu berhubung penyebaran laporan berunsur fitnah terhadapnya.
Dalam saman pertamanya September lalu terhadap 17 defendan, termasuk pegawai SPRM, Jabatan Peguam Negara, Bank Negara dan akhbar Utusan Malaysia, Encik Rosli, 48 tahun, menuntut ganti rugi sejumlah RM50 juta ($20.4 juta).
Dalam pernyataan tuntutan keduanya, beliau tidak menyatakan jumlah ganti rugi tetapi menuntut bayaran ganti rugi am, ganti rugi teruk/atau teladan, faedah, kos, permintaan maaf tanpa syarat dan perintah lanjut yang dianggap wajar oleh pihak mahkamah. Difahamkan Encik Rosli berbuat demikian atas dasar prinsip dan menegakkan keluhuran undang-undang.
Encik Rosli adalah rakan kongsi kanan firma guaman terkemuka di Kuala Lumpur, Lee Hishammuddin Allen & Gledhill, yang diasaskan oleh Datuk Seri Hishammuddin Tun Hussein Onn, yang juga Menteri Dalam Negeri Malaysia.
Encik Rosli mewakili bekas Pengarah Jabatan Siasatan Jenayah Komersial (JSJK) Polis Diraja Malaysia (PDRM), Pesuruhjaya Polis Datuk Pahlawan Ramli Yusuff, pada 2007 dan juga menasihati Datuk Johari Baharom, yang menjadi Timbalan Menteri Keselamatan Dalam Negeri Malaysia ketika itu. Ia melibatkan kes kontroversi mengenai kegiatan sindiket pinjaman wang haram atau 'along', yang disiasat pegawai kanan polis itu atas arahan Datuk Johari.
Encik Rosli juga terlibat dalam kes tuntutan sivil syarikat penerbangan milik negara, Malaysia Airlines (MAS), terhadap bekas Pengerusinya, Tan Sri Tajuddin Ramli, yang melibatkan kerugian melebihi RM8 bilion, yang turut disiasat oleh JSJK di bawah arahan Datuk Ramli ketika itu.
Pada 2007, akhbar arus perdana Malaysia telah memetik sumber BPR sebagai berkata bahawa Datuk Ramli disiasat di bawah satu akta pencegahan rasuah negara itu kerana disyaki memiliki aset bernilai RM27 juta. Sebaliknya, pertuduhan ke atasnya ditukar menjadi penyalahgunaan kuasa, manakala aset yang dikatakan gagal diisytiharkannya itu melibatkan isu dua unit pejabat bernilai RM1 juta dan beberapa saham yang tidak mencapai jumlah RM27 juta seperti yang dilaporkan terdahulu.
Malah, Datuk Ramli telah pun dibebaskan daripada pertuduhan menyalahgunakan kuasa, iaitu menggunakan pesawat polis bagi kepentingan peribadi oleh Mahkamah Sesyen Kota Kinabalu kerana pihak pendakwaan 'gagal membuktikan kes prima facie dan Tertuduh berhak dilepaskan' kerana mendapati Datuk Ramli sebenarnya menjalankan tugas rasminya ketika itu.
Dalam siri tindakan guamannya, Encik Rosli juga mendakwa bahawa beliau dianiaya kerana kes kontroversi yang dikendalikannya dan juga kerana membela Datuk Ramli.
Berita Harian difahamkan bahawa Datuk Ramli juga telah membuat aduan yang sama dalam laporan polis yang dibuatnya terhadap pihak terbabit. Semasa proses pembelaan itu, BPR sebaliknya turut mendakwa, menahan dan mengaitkan Encik Rosli dengan dakwaan yang dibuat mereka terhadap Datuk Ramli.
Dalam tuntutan terbarunya terhadap The Star, Encik Rosli merujuk kepada dua artikel akhbar itu pada 12 dan 13hb Oktober 2007 yang bertajuk: 'ACA Arrest Singapore Lawyer' dan 'Lawyer Charged With Hiding Information On His Assets'.
Beliau menyifatkan dua laporan itu mengandungi fitnah apabila memberikan gambaran bahawa beliau adalah rakyat asing dan mendakwa akhbar itu gagal mengesahkan fakta laporannya termasuk hakikat bahawa beliau sebenarnya adalah rakyat Malaysia.
Menurutnya, laporan itu menyebabkan kegelisahan dan keaiban kepada beliau dan keluarganya serta kehilangan klien guamannya. Encik Rosli kini difahamkan sedang menyiapkan tuntutan terbarunya terhadap SPRM dan sebuah lagi akhbar bahasa Inggeris arus perdana kerana mengulangi dakwaan fitnah terhadapnya.
After issuing summons on MACC, the Government of Malaysia and Utusan Malaysia for defamation and unlawful detention, respected Malaysian lawyer, Encik (Mr) Rosli Dahlan is believed to be issuing two additional summons against two mainstream media in that country.
His statement of claims against them which were filed in the Kuala Lumpur High Court on October 21, copies of which were obtained by Berita Harian, Encik Rosli, as plaintiff, served the summons on three defendents; The Star Publications (Malaysia) Bhd, the owner and publisher of The Star; its Chief Editor Datuk Seri Wong Chun Wai; and its Chief Reporter, Mr. Lourdes Charles (now a Datuk).
The lawyer is also believed to have made a third summon toward another English language, MACC and several individuals in connection with the circulation of reports about him which are defamatory in nature.
In his first summon last September against 17 defendants, including officers of MACC, Attorney-General's Office, Bank Negara and Utusan Malaysia, Encik Rosli sought damages totalling RM50 million ($20.4 million).
In his second summon, he did not state the amount of damages but he sought damages, punititive or defamatory damages, interest, kos, unconditional apology and other damages considered appropriate by the courts. It is understood that Encik Rosli did so on principle and in the interest of upholding the rule of law.
Encik Rosli is a partner in a well known legal firm in Kuala Lumpur, Lee Hishamuddin Allen & Gledhill, which was founded by Datuk Seri Hishamuddin, also Minister of Home Affairs, Malaysia.
Encik Rosli represented former Director, Commercial Crimes Division, Royal Malaysian Police, Datuk Pahlawan Ramli Yusuff in 2007 and also advised Datuk Johari Baharom, who was at that time Deputy Minister, Ministry of Home Affairs. Datuk Johari had instructed Dato Ramli to investigate the activities of illegal moneylenders (alongs).
Encik Rosli was also involved in the civil claims of Malaysia Airlines against its former Chairman, Tan Sri Tajuddin Ramli, involving losses in excess of RM8 billion which was being investigated by the Commercial Crimes Division under the direction of Datuk Ramli at that time.
In 2007, Malaysian mainstream media quoted Anti Corruption Agency sources as stating that Datuk Ramli was investigated under the Anti-Corruption Act on the suspicion of owning assets valued at RM27 million. Subsequently, the charge against him was change to one of abuse of power, when the so-called undeclared asset involved two office units worth RM1 million and a number of blocks of shares which did not amount to RM27 million as reported previously.
Datuk Ramli has been freed from the charge of abuse of power, that of using police premises for personal interest by the Kota Kinabalu Sessions Court because the prosecution ' failed to make a prima facie case and the accused is entitled to be freed' for it was founded that Datuk Ramli was actually performing his official duties at that time.
In a series of his summons, Encik Rosli claimed that he was being victimised for his defence of controversial cases and Datuk Ramli.
Berita Harian was given to understand that Datuk Ramli had made a similiar claims in his police report against those involved. During defence, the ACA charged, detained and linked him with the charges that made against Datuk Ramli.
In his new summon against The Star, Encik Rosli referred to two articles on October 12 and 13, 2007 captioned "ACA Arrest Singapore Lawyer" and "Lawyer Charged With Information on his Assets".
He viewed the two articles as malicious and defamatory by giving the impression that he is a foreign national and charged the newspaper of failing to report the facts including the truth that he is actually a Malaysian.
According to him, the newspaper report was caused emotional strain and embarassment to him and his family serta loss of clientele. Encik Rosli is understood to be completing his new claims against MACC dan another English language newspaper for repeating and spreading malicious rumours about him.
Posted: 06 Nov 2009 04:21 AM PST
By Debra Chong
Opposition Leader Datuk Seri Anwar Ibrahim today failed in his bid to get extra evidence from the prosecution before his Sodomy II trial.
The Court of Appeal panel of judges, made up of Datuk Hasan Lah, Datuk Wira Abu Samah Nordin and Datuk Sulaiman Daud, unanimously ruled in favour of the prosecution and struck out Anwar's cross-appeal.
Hasan, who led the Bench, overruled the prosecution's argument that the High Court judge in Anwar's trial had made a mistake in interpreting the law when the latter ordered the prosecution to supply certain evidence to the defence team.
But at the same time, the judges decided that Anwar was only entitled to certain documents before trial to prepare his defence.
The written grounds of judgment will be given out at a later date.
The prosecution team, led by Solicitor General II, Datuk Zainal Abiden, later told reporters that the documents Anwar was entitled to had already been handed over to his defence team.
"The status quo remains," said one of the deputy public prosecutors.
Anwar's lawyers however, insist that an amended part of the Criminal Procedure Code, which was passed by Parliament in March 2006, entitles the grandfather to more documents before trial.
Among the laundry list of demands from the defence are: the chemist' notes on DNA samples taken of Anwar and his accuser; the Pusrawi Hospital medical report where Anwar's alleged victim had first visited after being supposedly sodomised; and certain closed circuit television (CCTV) footage from the condominium in upmarket Damansara Heights where the act is said to have happened.
"All these we are going to get during trial anyway. So why can't we get them now?" Anwar's lawyer, R. Sivarasa, said.
He added that if the defence got hold of the document, it would avoid unnecessary delays in the trial later.
"It's to prevent trial by ambush," said another of Anwar's lawyers, Sankara Nair.
His team of lawyers, led by DAP chairman, Karpal Singh, announced they would file an appeal at the Federal Court on Monday.
The former deputy prime minister who returned to Parliament after winning the Permatang Pauh seat in a by-election last year is charged with performing sex against the order of nature for the second time in his career under strikingly similar circumstances to the one he went through a decade ago.
Anwar, 62, claims the charge is politically-motivated to effectively prevent him from taking over Putrajaya.
He faces a jail term of up to 20 years if found guilty.He has also separately filed several other suits against the prosecution.
The Kuala Lumpur High Court will hear Anwar's bid to strike out the sodomy charge against him on Nov 23.
It will also decide when to start trial the same day.
This posting includes an audio/video/photo media file: Download Now
Posted: 06 Nov 2009 03:36 AM PST
I had made numerous calls for further decentralisation of socio-economic planning and development between the federal and state governments. At present, the federal government determines fully how the development budget is going to be allocated for states.
Since the early days of privatisation, the Economic Planning Unit was swamped with too many planning, implementation and coordination tasks which had resulted in poorly managed privatisation projects. As a result, a number of these companies and businessmen linked to the government had to be bailed out using public fund. In our present memory, the PKFZ is a prime example.
Today, I would like to support the call of another Member of Parliament, Tony Pua, who has urged the federal government to respect and acknowledge the development needs of the states. It is evident that some resource rich states such as Sabah, Sarawak, Pahang and Kedah are facing serious poverty issue and lack of development.
Tony suggested the adoption of a fixed tax revenue sharing system between the federal and state governments. He suggested a 80:20 sharing model. There are several pluses to this model.
First, it will be able to address the real development needs of a state. The socio-economic development needs of a state differs from one to another. It is impossible for the central planners to be to understand everything.
For example, there is obviously a need for more industrial supporting infrastructure in Sabah to promote more industrial activities in the state. This will help the state to create more jobs beyond the tourism industry.
Penang needs to enhance its tourism infrastructure, tackle serious flood problem and to conserve and protect its World Heritage buildings and facade. It needs better telecommunication and Internet broadband infrastructure to promote its knowledge and services sectors.
Unfortunately, these states do not even have enough to run their administration effectively. State allocation is barely enough to upkeep its state administration.
Hence, it is a shame that despite chalking up a huge external debt and receiving so much oil money from Petronas there are still major development gaps and issues between Klang Valley and other cities.
The overly centralised system also breeds corruption in the federal government. The annual AG's report is a testimony of abuses and wastage of public money by some of federal linked agencies and officials.
The reason of a centralised system is obvious and it is politically motivated. The BN government has just approved a 'wang ehsan' (compassionate payment) to Kelantan for 'sucking' the state's oil reserve is a blatant display of arrogance. This federal government should be reminded that it must act fairly and it does not own all resources in the country.
Hence, it is important for us to realize that this federal government's practice has resulted in an uneven and unjust regional development between states. It has also amplified a serious corruption practice in the federal administration.
This practice must change or the other option is to change the federal government.
Posted: 06 Nov 2009 08:37 AM PST
KUALA LUMPUR, Nov 6 (Bernama) -- The government has agreed to pull back the introduction of an end of life policy for vehicles after taking into account the people's views and feedback.
Since the announcement of the plan, the government has been receiving many complaints from the people who are generally not agreeable to the mandatory annual comprehensive inspection as requirement for road tax renewal for vehicles aged 15 years or older, a statement from the Ministry of International Trade and Industry (MITI) said Friday.
On October 28, MITI had announced the new National Automotive Policy (NAP) which included the Vehicle End Of Life Policy which will see the introduction of a mandatory annual check-up of cars 15-years and above as a requirement for road tax renewal.
tunku :THANK YOU GOVERNMENT
at the same time we hope those who are driving 15 years old and above vehicles to make sure that their machines are safe to drive.
Posted: 06 Nov 2009 01:57 AM PST
Kelantan is threatening to terminate the 1976 Agreement with Petronas as the action of offering them GOODWILL MONEY instead of ROYALTY violates the Agreement. If this Agreement is rescinded, then the rights over any and all petroleum in the Kelantan economic zone would belong to the state and not to Petronas. And Kelantan would get 100%, not just 5% of the revenue.
Note that this GOODWILL MONEY only applies to Terengganu and Kelantan. Sabah and Sarawak are still paid ROYALTY because those states are Barisan Nasional states. And even though Terengganu is now also a Barisan Nasional state the federal government does not want to revert to the ROYALTY in case the state falls back into the hands of the opposition. So Terengganu too still receives GOODWILL MONEY or WANG EHSAN.
Click here to read more
Posted: 05 Nov 2009 03:21 AM PST
This ticket stub carries some pleasurable memories for me. That's why I have immortalized it here on my blog. I first stumbled on the intriguing poster below on Patrick Teoh's Niamah blog...
What phenomenal inspiration, I thought, to present three stand-up comedians - all Chinese, of course - as the Malaysian Association of Chinese Comedians. I was determined to catch the show, even visited TicketCharge to try and book online... but was put off by the fact that TicketCharge charges an additional RM12 as a "service fee." That's way too much, I thought. I mean, if I were booking a RM375 ticket to see Beyonce, I wouldn't blink an eye at a RM12 service fee. Nobody minds paying up to RM5 extra for the convenience of booking a theater ticket online - but RM12? That's 33% of the ticket price! What if I were buying TWO tickets? RM24 could easily buy a very fine dinner for two...
Fast-forward to 24 October. I get to Jaya One around 8:20PM and, after asking a couple of people, manage to locate PJ Live Arts. As I stand in line at the ticket office, I notice a poster for MACC 1st EGM that has "Sold Out" scrawled over it in black marker. True enough, it was a full house - not even one seat left! But a girl named Lulu was really helpful. She told me to hang around till just before 9PM - in case somebody cancelled out. Just then I bumped into Patrick Teoh and his lovely wife Min Chan with heartthrob actor/director/playwright Gavin Yap in tow. They were downing some beers and awaiting the arrival of more friends. We had a quick chat and then I headed back to the ticket office where more friends were assembled - including a few prominent bloggers I had never met in person (Nathaniel Tan and Khoo Kay Peng to name but two). They were waiting around for cancellations too.
But as it turned out there was only ONE cancellation... and since I was alone I got it! I wasn't going to miss MACC 1st EGM after all :-)
The President, Vice-President, Treasurer, Secretary and Supreme Advisor of the Malaysian Association of Chinese Comedians is a mutant Malaysian Chinese multi-tasker named Douglas Lim (left). I first heard of him when my daughter was assistant director on a successful sitcom called Kopitiam. She told me supporting actor Douglas Lim was incredibly talented but I must admit I was more keen to be introduced to Joanna Bessey, the star of the series. Back then at only 18, Douglas Lim looked rather nerdy - but it was undeniable that he was a natural-born actor, singer and comedian with tremendous promise.
Well, that promise has been totally fulfilled. Douglas Lim at 32 is a world-class act. I never would have believed a Chinaman could do stand-up comedy the way Douglas does it. Back in the mid-1980s my friend Thor Kah Hoong gave it a shot and he did pretty okay - but I still preferred Dick Gregory, Richard Pryor, Eddie Murphy, even Robin Williams. Thor was simply too cerebral, too cynical, too dry (and too skinny) and for my taste.
Along came the irresistible Jit Murad and the inimitable Harith Iskandar, followed by the untoppable Alan Pereira and Indi Nadarajah (of Comedy Court fame). Amazing talents - but not Chinese mah, that's why so funny. Before long, Patrick Teoh and Nell Ng joined the luminous cast of The Instant Cafe Theatre and both proved to be extreme hoots on stage and always entertaining - but while Patrick and Nell are fantastic comedians, they don't actually do stand-up stuff. Riveting pub entertainer Rafique Rashid acquired a loyal following as a singing stand-up comedian whose specialty was "Weird Al" Yankovic-style spoof songs - but his only claim to Chineseness was his predilection for Chinese girls with nice legs. And then, of course, there's the supercool Afdlin Shauki - but also not Chinese, so not counted.
But I tell you, this fella Douglas Lim can hold his own on the same stage with all the great names in stand-up comedy - including, possibly, the late great George Carlin. You know why? Because if you can do stand-up comedy with a typical Chinaman accent and not make everybody cringe... you've got to be absolutely fantastic!
Watch Douglas Lim in action, expressing the frustration some of us must feel because we happen to be born yellow instead of black...
Stand-up comedy is perhaps the most challenging form of performance. Apart from your voice, your brain, and your own body - all you've got is a microphone. No fake mustache, no funny hat. The ones who make it in this incredibly challenging medium must also be equipped with brains that can process data at a million times average speed. In short, unless you qualify as a Grade A mutant genius, don't even bother auditioning as a stand-up comedian.
I wish I could upload a few more clips of Douglas doing his thang. But they don't exist on YouTube yet. The kind of rapid-fire multi-layered humor he trades in can't really be transcribed as text because one has to see his face and watch his moves. Suffice to say, Douglas Lim found a new fan in me that night.
The MACC 1st EGM poster featured two other board members of the Malaysian Association of Chinese Comedians: Phoon Chi Ho (listed as an "intern") and Kuah Jenhan ("sacked - pending appeal"). Phoon had to cancel out at the last minute because he was down with chicken pox. That put the onus on 22-year-old Jenhan (left) to work doubly hard since it was now a two-man rather than a three-man show. I'm happy to report that Jenhan's performance was truly outstanding, no doubt because he picked the best sifu (guru) in the business - Douglas Lim, whose masterful tutelage Jenhan acknowledged more than once during his routine.
What impressed me most was the sheer sophistication of the material presented at MACC 1st EGM. Douglas and Jenhan effortlessly negotiated the squiggly boundary between heavyweight cutting-edge political satire and lighthearted pop trivia and kept the audience rolling in the aisles without a moment's letup.
The audience, about 75% Chinese I'd venture, left the theatre feeling it's actually quite okay to be born yellow instead of black or white. That's really no mean feat - to make being Chinese look funky, funny, sexy and lovable all at once!
Douglas and Jenham fully earned the standing ovation they received that memorable Saturday night.
Some rights reserved © Antares/Magick River You may borrow and/or modify content for your own blog but please credit and backlink, thanks.
This posting includes an audio/video/photo media file: Download Now
Posted: 06 Nov 2009 01:12 AM PST
Dari Malaysia Kini
Datuk Seri Anwar Ibrahim gagal dalam permohonannya mendapatkan bukti-bukti pihak pendakwaan berkaitan kes liwatnya ke atas bekas pembantunya Mohd Saiful Bukhari Azlan.
Pihak pendakwaan hari ini berjaya menghalang ketua pembangkang itu daripada berbuat demikian dalam rayuannya di Mahkamah Rayuan di Putrajaya.
Ketiga-tiga hakim sebulat suara membenarkan rayuan pasukan timbalan pendakwa raya untuk tidak menyerahkan beberapa bahan bukti seperti dituntut oleh Anwar.
Panel hakim itu yang diketuai Hasan Lah bersama Abu Samah Nordin dan Sulaiman Daud juga menolak rayuan Anwar untuk mendapatkan spesimen yang disimpan oleh pihak pendakwaan.
This posting includes an audio/video/photo media file: Download Now
Posted: 06 Nov 2009 12:10 AM PST
Political analyst and constitutional law expert Abdul Aziz Bari today said that the leadership of PAS president Abdul Hadi Awang can be likened to 'a PAS version of Pak Lah'.
Pak Lah is the affectionate nickname for former premier Abdullah Ahmad Badawi who has often been criticised for his 'flip-flop' and lackluster policies.
Abdul Aziz claimed that this was the mood and general understanding that he got in his conversations with the Islamic party's leaders and grassroots.
In an exclusive interview with Malaysiakini this morning, the Universiti Islam Antarabangsa (UIA) professor said that while the PAS president was once a highly credible leader in the 1980s, "Hadi has ran out of steam."
He mentioned Hadi's failure to defend his famous 'Amanat Hadi' (Hadi's Message) from that era as a perfect example of the PAS president's lack of conviction as a leader.
"He was a good deputy, he is loyal and dedicated, but he is not a good leader," he said.
Furthermore, Abdul Aziz said the veteran PAS leader does not posses the ability to read the game and play in the 'new politic' arena.
He explained that the arena of 'New Politic' is a battle of the mind, issues and ideas "but I do not see Hadi as someone that can bring any new ideas to the table."
Abdul Aziz was seen as the man who led to PAS spiritual leader and Kelantan Menteri Besar Nik Aziz Nik Mat to call for Abdul Hadi and a number of pro-Umno PAS leaders to quit.
Nik Aziz had wanted an extraordinary general meeting (EGM) to trash out the matter. However, at a top-level party meeting last Thursday decided against an EGM but to hold a seminar instead.
The invited speakers in the seminar, which will be held tomorrow and attended by PAS leaders nationwide, include Abdul Aziz.
tunku : if hadi is pak lah of pas then what is nik aziz? nik aziz is obsolete object. looks like pas has no leaders left in the party that can hold it's constitution.the new generations are more of the type of 'gives all' for the sake of power.the best for pas to change it's name and do rebranding to suits it's current policies.i wonder how the hadi's group will react to abdul aziz'z comment tomorrow...
Posted: 06 Nov 2009 12:36 AM PST
Dari Merdeka Review
Angkatan Muda Keadilan Selangor memandang serius terhadap tulisan oleh Raja Petra Raja Kamaruddin yang dikeluarkan di laman portal Malaysia Today. Dalam tulisan tersebut beliau membuat dakwaan mengenai usaha jahat UMNO/BN yang mensasarkan Januari 2010 untuk merampas kerajaan Selangor daripada Pakatan Rakyat.
Menurut beliau lagi terdapat usaha-usaha giat dan kotor pihak UMNO/BN untuk mensabotaj kerajaan Pakatan Rakyat melalui agensi-agensi kerajaan negeri seterusnya memburukkan nama baik kerajaan negeri Selangor. AMK Selangor berharap kepimpinan Menteri Besar, Abdul Khalid Ibrahim dan seluruh kepimpinan dan pendukung PKR, PAS dan DAP memandang serius isu ini dan mengambil pendekatan pantas, prokaktif dan efektif.
AMK Selangor melihat trend situasi politik di Selangor kini seolah-olah wujud satu usaha kotor terancang pihak UMNO/BN untuk terus memburuk-buruk dan mengganggu kestabilan politik dan ekonomi di Selangor. Isu panas seperti penjualan arak, rumah ibadah, tangkapan Dr.Asri Zainal Abidin dan pelbagai isu panas lagi timbul dalam usaha menggugat kestabilan politik di negeri ini.
AMK Selangor mengambil pendirian tegas agar unsur-unsur sabotaj yang sengaja dilakukan dan dirancang ditangani segera dan tegas daripada terus mengganggu gugat kestabilan dan keharmonian rakyat. Malahan AMK Selangor menjangkakan selepas ini akan berlaku lagi isu-isu panas yang sengaja ditimbulkan untuk 'membakar' hati dan perasaan rakyat di Selangor.
AMK Selangor berharap kepimpinan tertinggi mengambil serius dakwaan bahawa Januari 2010, UMNO/BN akan merampas kembali Selangor daripada Pakatan Rakyat. Kita tidak mahu tragedi politik rampasan kuasa di Perak berlaku. Justeru amat perlu dan kritikal kini agar Pakatan Rakyat Selangor memperkukuh strategi dan kerjasama untuk menghalang perancangan jahat UMNO/BN ini. Kita tidak mahu rakyat di Selangor akan terus diheret ke satu lagi konflik politik yang tidak perlu yang akan menghalang kemajuan dan perkembangan ekonomi pesat di Selangor.
AMK Selangor berharap rakyat Selangor akan terus memberikan sokongan dan dokongan padu kepada Pakatan Rakyat untuk terus memimpin perubahan. Rakyat pasti tidak mahu segala penyelewengan dana rakyat dan rasuah yang dilakukan Barisan Nasional terus berlaku lagi di negeri ini yang menjejaskan kebajikan dan pembangunan. Isu penyelewengan PKFZ, dakwaan rasuah bekas Menteri Besar dan exco, harga banglo jutaan ringgit dan pelbagai lagi sehingga kini belum selesai.
UMNO/BN kini umpama bahtera lapuk yang semakin uzur hanya menunggu masa dan detik untuk karam akibat salah laku, penyelewengan dana rakyat, skandal dan pelbagai jenayah politik. Justeru, diharap rakyat terus menolak Barisan Nasional yang gagal secara total memerangi rasuah dan mengembalikan daya saing ekonomi di peringkat serantau dan global.
AMK Selangor juga ingin mengingatkan agar ADUN-ADUN Pakatan Rakyat untuk terus mendekati, menyelami dan bersama-sama dengan perjuangan rakyat. Pembaharuan dan reformasi pentadbiran kerajaan negeri Selangor perlu terus berjalan dan giat dilaksanakan agar Selangor muncul menjadi negeri contoh yang ditadbir dengan good governance, ketelusan dan keadilan.
AMK Selangor juga terus yakin dengan komitmen kakitangan awam dan agensi di bawah kerajaan negeri Selangor yang terus bersemangat tinggi, komited dan fokus untuk membantu kerajaan Selangor dan rakyat keseluruhannya. Kewibawaan dan profesionalisme mereka amat dihargai dan amat penting untuk merealisasikan gagasan Merakyatkan Ekonomi Selangor dan Negeri Berkebajikan mencapai kejayaan.
Adalah dicadangkan mana-mana pihak individu dan agensi pentadbiran awam yang tidak selari dengan prinsip dan dasar kerajaan Negeri Selangor perlu dihadapkan ke lembaga disiplin dan Selcat. Ianya untuk memastikan gerak kerja pentadbiran Kerajaan Negeri Selangor akan berjalan lancar dan sistematik serta mengelakkan sebarang usaha jahat pihak tertentu untuk mensabotaj pentadbiran dan nama baik kerajaan negeri Selangor.
AMK Selangor berharap semua pihak menolak segala usaha perancangan jahat dan kotor pihak UMNO/BN untuk merampas kerajaan Selangor sepertimana yang telah didedahkan kepada umum sebelum ini. Diharap pendukung dan rakyat Selangor mendoakan dan memberi sokongan padu agar kerajaan Pakatan Rakyat terus kukuh bertapak di Selangor untuk terus membela kebajikan rakyat dan membawa Selangor ke era kecemerlangan dan kegemilangan.
Kembalinya Selangor ke era pentadbiran Barisan Nasional adalah mimpi buruk yang amat ditakuti kerana jelas selama 50 tahun lepas telah banyak kerosakan dan kebejatan yang berlaku. Justeru beri peluang dan sokongan kepada Pakatan Rakyat untuk memperbaiki segala kesilapan dan kebejatan yang telah berlaku.
Akhirnya, AMK Selangor berharap seluruh kepimpinan tertinggi, pendukung perjuangan Pakatan Rakyat dan rakyat Selangor agar memperkukuh kerjasama bersepadu dan kefahaman serta mengelakkan pergeseran yang tidak menguntungkan. Pakatan Rakyat Selangor perlu bertindak pantas kerana masa semakin suntuk agar tragedi hitam politik seperti di Perak dijauhkan daripada berlaku.
*Kenyataan media oleh Mohd Ezli Mashut selaku Ketua Penerangan Angkatan Muda Keadilan Selangor
This posting includes an audio/video/photo media file: Download Now
Posted: 06 Nov 2009 12:00 AM PST
In HousePK's latest posting Anak Siapa Yang Kurang Ajar, he features a video clip of a group students making a mockery of the call to Azan in a church.
The act of the students makes us very sad and angry.
The act is stupid, provocative, extremely insulting of both Islam and Christianity.
Unfortunately, this is not the only act. I am sure, similar acts like these are perpetrated.
Right now there is no clear cut way how to solve these problems. There is a limit to what law enforcement can do, but really its done to a breaking down of the social fabric in our country. Moderates from all sides are having to deal with extremists who come in all colours, shapes and sizes.
No words can express our rage and anger at such things. The Rembau Times calls for the full extent of the law to be applied in this case. This should act as a deterrent towards others from being so rude in such matters.
We are unequivocal in that demand.
There is no if and but.
At the same time, we should ask a couple of questions?
What is the risk of these sort of actions being viewed in a plural and multiracial Islamic country like Malaysia.
For one, we need to understand how this video was distributed to the people.
I make no apologies for the language. They are spot on - get the video out of You Tube. Only 41 people had viewed it. These may be young boys and girls out there who can see how dangerous such videos are to the racial and religious harmony.
Few people had actually bothered about this video until it got picked up by social networking sites. This includes users outside Malaysia such as MySpace users and non Malaysian Facebook users. TranungKite, a PAS run blog picked it up on the 3rd of November.
Who are the consumers of this trash?
For that take a look at the following picture.
Consumers of this garbage are from all around the world. They can take out their aggression against Islam safe from their seats in front of their computers and have no worry for the repercussions because the event did not happen there.
It is the Malaysians who will have to face the consequences of such actions. Not the Americans, not the Russians, not the Brazilians, not the Australians. Its the Malaysians.
Its us. Its you and its me.
If these acts are not stopped, no one can fathom what will be the end consequence. It is shuddering to say the least.
And that itself could be captured on YouTube once again.
And the Americans, the Russians, the Brazillians and the Australians will cheer us on as they can witness 'reality tv' in its most gruesome and appalling form.
But it is us who will have to pay the price.
Needless to say, we condemn the act itself and the distribution of the videos and images that incite hate. We want to have a peaceful Malaysia free from extremists and from those who make a living inciting hate.
But how can we stop such thing, when there are people who are so willing to use their notoriety and their connections to well known politicians to try and score the cheapest political points.
I hope Dato Mukrhiz, given his rapport and close association with House PK can perhaps educate him on the importance of being socially responsible.
Posted: 05 Nov 2009 11:09 PM PST
November 6, 2009
OPINION (as published in The Malaysian Insider)
Be constructive when we rip into our leaders
by Nathaniel Tan
Malaysia's "Drama Minggu Ini" appears to be rich in political parties apparently entering self-destruct mode. High up in the headlines are the problems besetting Pakatan Rakyat, PKR and MCA.
The endless infighting and jostling, as well as the apparent impossibility of achieving true unity even within a party or coalition, compels us to ask: why is it politicians so often seem to put their own seemingly petty interests above those of their party, or of the nation as a whole?
Raja Petra Kamarudin, a friend I'm proud to know (and who is somewhat responsible for my current hairstyle), recently wrote an article comparing Datuk Seri Anwar Ibrahim in somewhat unfavourable light to Alexander the Great, and the last general election to the French Revolution.
I don't know enough about either to comment extensively on the comparisons, but I think on aggregate I wish to respectfully posit a slightly different perspective. The tone of RPK's article is, as is typical, one of reproach and warning. He writes:
"Anwar Ibrahim and many of the opposition leaders have this false feeling of grandeur about themselves. But they are not grand, and certainly far from great. They did not make March 8, 2008 happen. The people made it happen. And what the people make the people can break."
I have no intention here of defending Anwar or anyone else, but I think it is inaccurate to place a false feeling of grandeur at the root of Pakatan's problems. Pakatan's leaders suffer from a platitude of problems, but I don't think sheer arrogance is among the top five.
In trying to get to that root, I found myself thinking back to the momentous 2008 election. I remember that almost all of my office mates where I was working in PKR at that time eventually ran for public office and, I am proud to say, won.
That's in hindsight, of course. I remember the days before the election — how hard it was to fill the candidate roster, and how the leadership scrambled like crazy to finalise the list.
It was hard because so few wanted to step up. This was a time when Barisan still commanded its largest majority in history, and where there were serious repercussions to being associated with their enemies.
It was a time when one of the benefits of being in the opposition was that the only colleagues you had were those with real passion — there wasn't anything in it for anyone else, no money, no power; only plenty of headaches.
I wasn't asked to run (I suppose someone had to take care of the office), but even if I had been, I had already decided then not to accept. For my own reasons, I was like many others who requested that the bitter cup be passed from our lips.
Indeed, as RPK suggests, it was the people who enabled the political tsunami, and not the charisma of any one man or candidate; but there would have been no tsunami to speak of if not for those who did step up, and for those who led them.
I recently received an e-mail from one such colleague who had no such hesitation in answering the call and stepping up, detailing a near breakdown from the sheer stress and pressure of having to maintain more responsibilities and deal with more conflict than one human should ever have to bear.
I see the same in those former relatively carefree colleagues of mine — thrown into the vicious maelstrom of politics, and facing constant overloads of work, endless bickering and backstabbing, and every obstacle imaginable apparently designed to frustrate even the most idealistic of individuals.
I have watched how wearing certain hats eventually transforms people into those hats. Fame can certainly be fun, but on aggregate I count myself lucky.
Once again, my purpose is not to weave some sob story to create sympathy or plead leniency. These people are our leaders after all, and why should they not be held to the highest standards?
I have made it a rule, however, to hesitate in criticising too harshly someone whose job I wouldn't be willing to take on myself.
It is all well and good to espouse populism, and to rip into those leaders we feel have failed us. It is imperative, however, that constructiveness be the hallmark of our criticism. When we decry something, we must always be mindful of identifying a practical (and I stress "practical") road to improvement.
I don't know if we get the government we deserve, but I do know we get the leaders we make. Like RPK, I don't harbour any illusions about politicians. In all my years trying to understand politics, I have found a realist, interest-based approach to analysis most useful. People usually do what they perceive to be in their own interests, and it is generally unwise to too often expect them to do otherwise.
The political problems Malaysia faces on both sides of the divide, including a dearth of quality in leadership, are real and enduring. It is my belief that they must be dealt with with full cognizance of personality dynamics, the baggage of the past, and the dark realities of politics.
No one much likes to play in such a murky landscape, but those are the cards we've been dealt, so we must play them as best we can — and we must play them to win.
It is more fun to make scathing remarks and aspire to loftier heights, and indeed, we should never lose sight of our ideals; but we have nothing to gain by cutting the nose to spite the face.
It is entirely wrong to say that outsiders of the political sphere should have no right to criticise or point out shortcomings. Rather, it is more encumbent on us to think carefully about how we can bring success closer rather than just "lepas geram". In doing so, we should endeavour to shape our criticisms into those that work (knowing politicans, many types don't).
It is clear that we have charismatic leaders, a few efficient managers and even fewer noble statesmen, but perhaps no one who is all three. Until such a person steps forth, we must find a way of working as best we can with what we have towards achieving common goals, or we must ourselves seek to be that person.
Let us not relent in calling a spade a spade in renouncing pettiness and mismanagement, but let us be clear with regards to providing alternative plans, and workable solutions — including those that may involve putting our own selves on the line.
Posted: 05 Nov 2009 09:41 PM PST
This company has had a bad reputation for some time. Things have been changing and evolving. Salcon saw a change in major shareholders in 2005 after Naga Muhibbah, under Datuk Seri Goh Eng Toon (former Ban Hin Lee CEO) acquired a majority stake from Kumpulan Emas Bhd in several off-market transactions. Since then, management has sought to clean up its business. In 2007, Salcon pared down its stake in PalmTech to 49%, a cumbersome legacy problem.
However, corporate governance issues arose when the Group decided to acquire a stake in Oriental Capital Assurance. This decision was however voted down by its major shareholders. Management has assured that there are currently no plans to acquire any insurance businesses in the near to immediate future.
Salcon's CEO Mr How See Hock joined the Group a few years ago after spending almost 20 years with IJM. Its Finance Director, Mr Law Woo Hock joined from Ireka Corporation.
No of outstanding shares : 467.7MN
Net Gearing (as at 30 June 2009) : Net Cash
NTA (as at 30 June 2009)
Salcon's water projects range from construction of water treatment plants to being a holder of foreign water concessions. Previously active in the construction of domestic water treatment plants and wastewater treatment centres, the company has in recent years expanded to China, Thailand, Indonesia and Vietnam. Salcon's water related projects encompass water and wastewater turnkey investment (design, finance and construct), turnkey contracting and water asset management (O&M, NRW Control). As of FY08, its water and wastewater related earnings accounted for 95% of revenue.
Catalyst #1: New management have worked hard to turn around the image and instill professionalism operational measures. Smaller in size than Hyflux (Singapore) but trades at significant discount 10x FY10 for Salcon, almost 50% discount compared to 20x FY10 for Hyflux. Salcon's P/Book is just 0.9x while Hyflux is at 4x. Orderbook to market cap is also attractive at 6x (RM1.5b/250m) and the company is net cash.
Catalyst #2: Earnings have been on a recovery trend and growing sequentially. Salcon is one of those stocks that have been largely ignored owing to "mis-management" in the past. New management have been working hard to rectify that. The comparison with Hyflux is not to say Salcon should be valued the same as Hyflux, but rather the disparity and gap is indicative of the "lack of following". I like these kind of stocks a lot, more and more professionals will discover the stock.
· · Salcon's orderbook as of August 2009 is RM1.2BN out of which RM606mn is unbilled and expected to last 1.5 years. For the unbilled portion, around 70% are domestic based projects (Kelantan, Seremban, Sandakan non-revenue water (NRW) projects and sewerage treatment plant in Medini, Iskandar) while the balance of 30% are mainly from Vietnam and Sri Lanka;
· With regards to their Medini sewerage treatment plant, mgmt indicated that the contract value will likely be revised up by roughly 20% from RM94mn as the client is keen to bump up the population requirement from 400k presently to 500k;
· Separately, mgmt is currently tendering for more than RM1.5bn worth of new jobs. Several of these include Phase 2 of a sewerage project in Kota Kinabalu as well as new construction and O&M opportunities in India;
· In India, mgmt was notably upbeat stating that the country is in dire need of water infrastructure projects and the one which they are currently tendering for is quite sizable at 700MLD. Salcon is tendering together with local partner and only for construction where margins are lower. Salcon to handle the engineering, process and M&E portions while its local JV partner will do the structural and concrete portion so that capital outlay will not be so large;
· Salcon has also set up office in Indonesia 2 years ago but no projects yet due to the political situation there. As Salcon has no construction license in Indonesia, it will undertake construction with local partners.
Concessions – Strong recurring income opportunities
· Salcon operates a total of 6 water concessions in China and 1 in Vietnam:
Catalyst #3: Salcon is now emerging as new stock picks by the bigger houses. It used to have only OSK and Affin following the stock. Now, Nomura and Credit Suisse have started touting the stock again - expect more investor interest in the coming weeks.
Catalyst #4: Asia water plays are few and many do not get the size needed, hence Hyflux has been the stellar stock. Salcon is now emerging from the doldrums. Considering it ook control in 2006, but had to push through the difficult 2008 period, it is coming out of the crisis nicely intact. No debt, cash positive. The gap between Hyflux and Salcon should narrow considerably. Very comfortable with my anticipated 30% upside.
p/s photos: Susu
Posted: 05 Nov 2009 10:08 PM PST
When Khalid was asked by reporters on his link with Lim Kim Hong written in this blog on June 9th, 2008, the above was his response.
This blog has been in pursuit of the Selangor Menteri Besar, Tan Sri Khalid Ibrahim's past corruption trail since early 2007. The claim is that Khalid had a history of favour-for-cash arrangement with Lim Kim Hong.
With Khalid currently under financial difficulty to repay the balance loan of RM66 million with Bank Islam, there is suspicion that he had done another favour-for-cash arrangement.
This blog made it's first revelation of the link between Khalid Ibrahim and Lim Kim Hong during the Ijok by-election. A set of questions for candidate Khalid Ibrahim was posted on April 26th, 2007. The questions were partly answered by the first expose made by Dato Desa Pachi at the campaign trail in the presence of Najib.
In June 2008, another series of posting was made on the opening of Lim Kin Hong I Berhad's I-City.
The first probe was on June 9th with a piece entitled Hubungan Rahsia Khalid Ibrahim dan Lim Kin Hong. That posting received much publicity with Rocky Bru's link to the posting here. Sinar Harian published in their Dari Blog ke Blog section.
Reporters asked Khalid about the posting and he denied. It was reported by The Star, The Edge and Bernama. Comments to news report was posted on June 12th that day itself in Khalid Ibrahim Menjawab Blog ini.
Subsequently, this blog responded by clarifying the strange sales of Guthrie's Midland Estate by then Guthrie CEO Khalid to Lim Kim Hong's I Berhad that was developed into a RM1.5 billion I-City project. The posting dated June 13th 2008 entitled Hubungan Khalid Dengan Lim Kim Hong Sah!
Lim Kim Hong Again?
Khalid's political career in Selangor is in trouble.
He was described by many observers as the most incompetent Menteri Besar Selangor have ever had. Colleagues in PKR described him as indecisive. He has yet to solve a single of the claimed more than 80 abandoned projects. The problem has got nothing to do with allocation from the Federal Government.
Posted: 06 Nov 2009 07:47 AM PST
With the intensity of the current in-fighting in MCA which does not seem to be abating, the support may plunge to just about 10 per cent. It will not be a surprise if at the end of the day, probably only the relatives and friends of MCA leaders will end up voting for MCA!
Posted: 05 Nov 2009 08:55 PM PST
A Kadir Jasin
[ANONYMOUS comments with not be entertained. When commenting, your real identity is preferred. But a suitable pseudonym is accepted. If you have to use anonymous, please print your name or pen name at the bottom of your message. Please avoid seditious, defamatory and libelous statements. Unrelated comments will not be given priority.]
IT is reported today that a pro-tem committee headed by the former Barisan Nasional Minister, Zaid bin Ibrahim, has made an application to register Pakatan Rakyat as an official alliance.
Another person mentioned in the media report is Anthony Loke Siew Fook, the DAP Socialist Youth (DAPSY) chief.
Zaid is the right person to lead exercise given his wide experience in representing Umno in legal matters since the late 1980s. He's now a member of the Central Leadership Council of Parti Keadilan Rakyat.
Also it was Zaid who, not too long ago, was quoted by the media as saying that the People's Alliance could not be formally registered because it lacked "the required" seven founding members.
Since then, however, the Chairman of the Election Commission, Abdul Aziz Mohd Yusof, had advised the coalition to formally register itself so that its applications to hold joint election talks could be considered.
On my part, I have argued that the PR did not have to wait to have seven founding members to apply for registration.
Pas vice-president Salahuddin Ayub was quoted as saying that Pas, the DAP and PKR were unequivocal in transforming the alliance into a legal entity.
The report says the alliance's common symbol will incorporate the logos of all component parties.
Still, to my mind, it will be a big emotional issue for Pas and DAP supporters to say goodbye to their venerable moon and the rocket on the ballot papers.
Not seeing the moon and the rocket on the ballot papers is not going to be easy. Pas supporters are fanatical about their bulan, which is synonymous not only with the party but with Islam as well.
On the other hand, sharing a common symbol has been the practice of the main component parties of the Barisan Nasional and its predecessor Alliance from the very beginning.
The report also quoted the Registrar of Societies (ROS), Mohd Alias Kalil, as saying that his office had started studying the PR's application.
KUDOS to members of the MCA disciplinary board if they had indeed resigned in protest against the restoration of Dr Chua Sooi Lek, as deputy president. The board sacked him from the post August. That's being principle and having testicular gumption.
I had all a long contended that the Umno disciplinary board should have done that when the people it found guilty of money politics were either allowed to contest the party post (Khairy Jamaluddin) or be later appointed to the Supreme Council (Mohd Ali Rustam).
AND I applaud Minister in the Prime Minister's Department aka KPI Minister, Koh Tsu Koon for taking his fouled-mouth detractors to task, saying that he would not be judged by them. He would be judged only by the PM whom he said endorses him. That's correct. He was made a senator and a minister by the PM despite losing Penang to the opposition and himself being defeated in Batu Kawan.
|You are subscribed to email updates from xBlog ☪ Headline Sociopolitical Blogs |
To stop receiving these emails, you may unsubscribe now.
|Email delivery powered by Google|
|Google Inc., 20 West Kinzie, Chicago IL USA 60610|