Thursday, July 23, 2009
Work Commitments...
Tuesday, June 30, 2009
I am sorry but...
Wednesday, June 10, 2009
Grounds for dissent in a KL coffee party - The Malaysian Insider
Wednesday, June 3, 2009
The Unsettling Case of NEC Chairman - A Kadir Jasin
During pre-Pak Lah times, Maybank was known as an "institutionalised" bank. Decisions were not too speedy but usually well thought off. There were exceptions to the norm but these cases were small and few in numbers.
This is one bank that was known to be "difficult" when it comes to debt restructuring because the interests of its stakeholders were held high.
This stance appear to have changed when Pak Lah became the PM, especially so towards the end of his premiership. I wonder why?
I am not defending Amirsham but I seriously think there were external interference in their investment decisions culminating to "overpriced" venture into Indonesia and few other countries.
During the times of Dr. M, I don't think the interferences were as great compared to Pak Lah's time.
I could be totally wrong but I have a weird feeling that Amirsham was arm-twisted to pushing through those overpriced investments.
To "silence" him, he was appointed as Minister and to make sure those investments went through as planned, Wahid was made CEO of Maybank. [Despite such accolades heaped towards Wahid, I seriously don't think he did such a great job in UEM or Telekom.]
This practice of "wracking" a fully functional and profitable organisation is not confined to just Maybank. Look at FELDA and now, Petronas (as mentioned in your previous write-up)!
We have institutions that have served a large number of people being wracked for the benefit of a few...!!! This practice should be stopped!
Back to Najib's NEC.
I concur with you that Najib appears to suffer from "hangat-hangat tahi ayam" in his actions. A series of high profile walkabouts were published and then “silence is golden”. Does it mean that now the press are “not allowed” to cover those walkabouts?
Najib’s KPI does not look good at this point in time. More and more of his decisions are being questioned. Emphasis and focus are not on the economy or the global crisis. I am not too sure what the focus is on right now! Maybe milking whatever is left... ???
In June/July 2008, I commented that Malaysia’s economic outlook appears bleak at best. Back then export orders were being slashed by as much as 80%. Yet Nor Mohamed Yakcop, the then FM2 and Najib, as FM1, were adamant that Malaysia would not be affected by the global crisis.
There is nothing wrong in admitting the “difficult”business environment arising from the crisis in the US, Europe and Japan. Yes our export to the US is lesser now compared to 1 to 2 decades ago. But if our other export markets are also affected by US crisis, how could we escape!
Now Najib admits that the scenario is far worse that anticipated. Admitting alone would not solve the problem.
Speedy actions must follow.
Coordinated efforts must be enforced throughout the whole government machinery. Sense of urgency must be instilled throughout the whole set up.
I agree with Pak Belalang, the rumblings about “buying of new fighter jets” and training of volunteers in mosques are distressing. Why are we focusing “helping” out other nations’ industries/companies?
Without external interferences, Amirsham did reasonably well as a CEO/President of a bank. But that does not mean he would be a good Chief for NEC. NEC needs someone with far greater foresight, far greater resolve to move plans into actions. One who knows when to speak, when to be silent. One that understands how the whole government machinery works and how to make them tick! The person need not be an economics major or graduate but one who thinks on his/her feet... And this person need not be a graduate from Oxbridge or some fancy Ivy League!
Do we have such a person? I think we do. Najib must decide without fear or favour and must thoroughly think before deciding.
Najib must focus on the economy and Rosmah should refrain from being too visible, forceful and domineering. If Najib is not able to focus on the economy then his days as a PM would not be long. Instead he would go down into annals of Malaysia as the first UMNO President that became the Head of Opposition in Parliament...
First step, appoint a credible Head of NEC.
Second, stop messing with FELDA!
Third, refrain from messing with Petronas.
Forth, remove deadwoods from the government machinery.
While doing all these steps, FOCUS ON THE ECONOMY... !!! Speedy decisions are required...!!! Satisfying UMNO warlords would not ensure Najib's survival beyond the next GE!
Sekian.
Monday, June 1, 2009
On dissent, is Najib worse than Dr M? - Leslie Lau
THE MALAYSIAN INSIDER - Article by Leslie Lau
_________________________________
MAY 31 – Is the current government worse than the Tun Dr Mahathir Mohamad administration in its response to dissent?
Consider the use, or rather abuse, of the police force to serve and protect the reputation of Prime Minister Datuk Seri Najib Razak.
Take into account how the police have used vague and controversial laws like sedition to arrest and charge nearly anyone who is unhappy, dissatisfied or critical of Najib.
Bear in mind the DAP’s Lim Kit Siang was questioned by police yesterday for criminal defamation and sedition. And what did he say in his alleged crime which warrants an investigation? Well, he blamed Najib for the constitutional crisis in Perak.
Hark back, too, on the recent by-election campaign in Bukit Gantang, which straddled the period in which power was transferred over officially by Tun Abdullah Badawi.
Remember how it was decreed then by the authorities that the name of Altantuya Shaariibuu should not be mentioned by politicians while on the stump.
Step back and one could only come to one conclusion – that decision was to stop the further sullying of Najib’s reputation.
Be aware also of how the police came down hard on a campaign to mock Najib’s 1Malaysia slogan by having the Inspector-General of Police Tan Sri Musa Hassan literally declare black t-shirts illegal.
Contemplate too how Najib has played out the Perak crisis. While it started in February before he took over as PM, many Malaysians will remember how the three Pakatan Rakyat (PR) defectors were taken to Putrajaya to meet Najib, not Abdullah.
Considering that, it would not be completely unfair to blame him, among others, for the constitutional crisis that is Perak.
Bear in mind too that today is just Day 59 of the Najib era.
Consider then, that Dr Mahathir never ever presided over controversial and alleged disregard for the constitution by the judiciary until his seventh year in office after winning two general elections by crushing majorities.
Take into account, also, the fact that Dr Mahathir had also presided over mass arrests through the use of the Internal Security Act (ISA), but the fact remains that even then it could have been reasonably argued that there were serious racial and political tensions which merited the use of draconian preventive detention.
Be aware, too, of how Dr Mahathir was a man known for common sense who never went as far as to ban black t-shirts or prohibit the mention of certain names, which he would certainly have considered unnecessary.
Take heed of the fact that Dr Mahathir was always a fighter, that he would often take on critics head-on and argue his way to win the votes. It was not always about how he crushed dissent because Dr Mahathir recognised the importance of also winning the hearts and minds of voters.
Be mindful that Dr Mahathir, while loathe by many is probably equally loved by many too, just as he is respected and feared.
And he did not achieve all of that by having a police force that banned t-shirts of an unfavourable colour and prohibited names from being mentioned.
Consider too that Dr Mahathir was in power for 22 years.
It may be unfair to compare a man who has been in power for 22 years against one who has only been at the reins for 59 days.
But, so far, it is clear that Najib’s administration has not heralded the return of Mahathirism. So far, it is worse.
___________________________
Comment:
Despite not agreeing to some of the mega-projects introduced by Dr. M, I have to admit that I admire him. Admire him for his thoughts, logic, hard working ethics etc. but not for the excessiveness.
In fact, I would have agreed to his ALL mega-projects if they were NOT over-priced!
Regardless of what Anwar Ibrahim or others say of Dr. M, this man can think. Whether we agree to his methods is a different issue altogether.
If the people care to think of Wawasan 2020 carefully, the "racial" issues being faced now would not have any merit for mention in both main stream media as well as alternatives!
It is unfortunate that Najib is saddled with huge amount of baggage. The closest, have been said, is his other significant half.
When Pak Lah was sworn in as PM, some people were quoted as saying "KJ would be the main cause of Pak Lah's downfall...". Reflecting on these words made one wonder "Would Rosmah would be main cause of Najib's downfall?".
I don't know but it would be HIGHLY ADVISABLE for Rosmah to lay low from being reported too much in mainstream medias! Dah meluat tengok...!
If I can feel "meluat", so could others...
Thursday, May 28, 2009
Malaysia's economy contracts 6.2% - The Star Online, 28 May 2009
Wednesday, May 27, 2009
Kewibawaan Petronas Wajib Dipertahankan - A Kadir Jasin
Jikalau Petronas "jatuh" ke tangan individu-individu tertentu yang kontraversial maka "The Beginning of an Ending has set in...".
Saya dah lihat macamana FELDA telah diporak-perandakan setelah R M Alias bersara dalam tahun 2001.
Saya tidak pasti samada kemunculan golongan tertentu (termasok ahli politik) dalam organisasi strategic pernah membawa tuah.
Yang saya lihat, kemasukkan "tokoh-tokoh" tertentu (terutama sekali ahli politik) selalu membawa padah.
Segala usaha serta pengorbanan tenaga kerja Petronas selama ini akan menjadi sia-sia.
Sejak Petroleum Development Act 1974 diwartakan, Petronas telah dikendali dan diurus olih golongan profesional dan berwibawa. Golongan yang tidak mudah tunduk dengan telujuk para politikus serta suku-sakat mereka.
Jika golongan profesional dan berwibawa ini di ganti dengan golongan berkepentingan, maka jahanamlah Petronas sepertimana yang dialami olih FELDA pada masakini!
Sekian.
Monday, May 25, 2009
Spending is ALWAYS easier than Saving
Saturday, May 23, 2009
Perak - The "Confusion" Continues...
Friday, May 22, 2009
First Quarter 2009 GDP Numbers
A number of predictions have been made, ranging from -1% to -4.9%.
I have had the honour to "bet" (albeit with no cash or "in-kind" at stake) with the Economists in the organization that I work for. The only "reward" for correctly predicting the 1Q2009 GDP results is the right to say "I told you so!".
I am not an economist and the only economics subject I took was "ECONS 101". Nonetheless that would not prevent me from making my prediction.
Basically my prediction is based on "gut-feel". No complex computation or model used, just the old, pure "gut-feel"!
I predict that the 1Q2009 GDP would be -3.73% compared to theirs that ranged from -2% to -4%.
We will wait till the official announcement by BNM next week, on 27 May 2009 I was told.
Singapore economy contracts less than expected in Q1
SINGAPORE: Singapore said yesterday its export-driven economy contracted a better-than-expected 10.1 per cent year on year in the first quarter but warned it saw no clear signs of a quick recovery.
The trade ministry maintained its forecast for the economy to shrink between 9 and 6 per cent for the whole of 2009 as the city-state grapples with its worst recession since independence 44 years ago.
Despite the steep drop, it was better than the 11.5 per cent fall earlier tipped by the government.
In the three months to March gross domestic product (GDP) fell 14.6 per cent compared with the previous quarter on a seasonally adjusted basis.
Analysts and the government said GDP may have hit bottom, but recovery may take a while.
Singapore's fortunes remain dependent on the health of the world's major economies, which buy much of its exports, including microchips and pharmaceuticals.
The economy fell into recession late last year as the global economic downturn accelerated but still managed to grow 1.1 per cent over the 12 months.
"The reason we have a forecast range of minus 6 to minus 9 per cent (GDP decline) is because we really don't know," Ravi Menon, second permanent secretary at the trade ministry, said at a briefing.
"What we are a little surer of is that we have probably seen the bottom.
But what we do not know is whether we are going to stay at the bottom for a little bit longer or whether we are going to start having a decisive rebound." Menon said there was no need for another stimulus "at this point in time" after a US$20.5 billion (US$1 = RM3.53) package unveiled by the government in January.
"The situation has not worsened since the last reading," he said, adding that "things are not likely to get worse from this point on." The key manufacturing sector contracted by 26.6 per cent from the previous quarter's shrinkage of 21.3 per cent as the global downturn hurt demand for exports.
Services, another pillar of the economy, contracted 10.3 per cent quarter-on-quarter as tourism-related arrivals tumbled, but the decline was less than the 15 per cent fall in the three months, the ministry said.
"Despite the ugly data, the good news is that first quarter 2009 could mark the very deep bottom of this economic cycle," said economist Song Seng Wun of CIMB-GK.
"Year-on-year GDP contractions should narrow even if we do not see sequential improvements in the next few quarters, as year-ago bases are less challenging." - AFP
Thursday, May 21, 2009
THINK DEEP AND HARD ABOUT THIS, BN & PR!!!! - Zorro Unmasked
Sunday, May 17, 2009
Iktibar Daripada Cerita Presiden Obama
Saturday, May 16, 2009
Khairy ticks off PKR leaders on ‘hotel democracy’
BUKIT MERTAJAM: Umno Youth chief Khairy Jamaluddin has chided PKR leaders for treating democracy like a hotel where they can check in and out whenever they wished.
He said the resignation of Penanti assemblyman Mohamad Fairus Khairudin was proof that PKR did not uphold democracy and respect the wishes of the people who voted him in.
“You must honour your pledge to be their representative and not resign as and when you like. This is not a hotel where you can check in and check out anytime you feel like doing so.
“This involves the trust and expectations of the people who supported you,” he said after a meet-the-people session at the Guar Perahu mosque near here yesterday.
Khairy said his movement has started its meet-the-people programmes which would be continued even if by-elections are held in the areas.
“By-elections are not the main reason for Umno to be close to the people. We will be with them rain or shine,” he added.
Khairy said the wing had expressed its views on whether Barisan Nasional should contest in the Penanti by-election but declined to elaborate, adding that the wing would gather information and present them to the party leadership before a decision is made on Monday.
Khairy also urged opposition parties not to be engrossed in politicking as it was detrimental to the country which was facing an economic slowdown.
He expressed the hope that the Perak Mentri Besar issue would be resolved either through the courts or the state assembly and that the majority support in the assembly should be respected.
Iktibar Daripada Cerita Presiden Obama - A Kadir Jasin
Friday, May 15, 2009
For MekYam
Khairy Jamaluddin - Is Najib easing media censorship on him?
KJ slams Anwar for Perak fresh polls dare
Umno Youth chief Khairy Jamaluddin yesterday hit out at opposition leader Datuk Seri Anwar Ibrahim for daring Prime Minister Datuk Seri Najib Razak to call for elections in Perak.
“We have nothing to be afraid of and are ready to face the people,” he said.
He also called the Parti Keadilan Rakyat leader a hypocrite for courting defections last year but favouring elections when they occurred against the Pakatan Rakyat.
“When things work in their favour, they are quiet but when we managed to obtain a stay of execution, they claim there’s a conspiracy.
Khairy said the political situation in Perak could only be solved through two processes, legal or legislative.
“Let the legal process be completed first before proceeding with the legislative process,” he said, adding that Datuk Seri Dr Zambry Abdul Kadir was the rightful Perak menteri besar as BN had the majority of state seats.
He said the BN would work hard to win over the people of Perak.
Khairy: Anwar a hypocrite
NST online - 14 May 2009
SEREMBAN: Umno Youth chief Khairy Jamaluddin yesterday hit out at opposition leader Datuk Seri Anwar Ibrahim for daring Barisan Nasional chairman Datuk Seri Najib Razak to call for elections in Perak.
"We have nothing to be afraid of and are ready to face the people."
He also called the Parti Keadilan Rakyat leader a hypocrite for courting defections last year but favouring elections when they occurred against the Pakatan Rakyat.
"When things work in their favour, they are quiet but when we managed to obtain a stay of execution, they claim there's a conspiracy.
Khairy said the political situation in Perak could only be solved through two processes -- legal or legislative.
"Let the legal process be completed first before proceeding with the legislative process," he said, adding that Datuk Seri Dr Zambry Abdul Kadir was the rightful Perak menteri besar as BN had the majority of state seats.