Tuesday, June 30, 2015
"Nasi kangkang" way to CEO-ship
Earlier this year, an agency under the Ministry of Communication and Multimedia (MCM) undergone a change at the top post.
Many speculations arise as to why the previous Executive Chairman was removed. Prior to his removal, a certain blogger friend accused him of dishing contracts to wrong people, However, the facts are all screwed up thus making it more a set-up than a credible allegation. It turns out there were questionable appointments on the advisory "board".
There was complains against him for being light in his enforcement. But, JPA had no allocation to their request for additional staff and training to increase surveliance, investigation and prosecution.
It is not Malaysia without some politics in the background. One of his previous officer rose up the rank in politics. This opens up to various conspiracies.
These are all water under the bridge. He left and much effort was needed to hold him down in Malaysia. Otherwise, he could have left abroad and get paid in the millions.
Monday, June 29, 2015
Air Asia's dead cat bounce
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| Bumpy ride ahead for Airasia shareholders |
When Air Asia Indonesia plane crashed last year, Tan Sri Tony Fernandez was at his finest in managing crisis. The Malaysian government and MAS or maybe now MAB have lots to learn on communication and public relations from him.
Since the expose by a Hong Kong based research company, GMT Research, Air Asia shares have been struggling. Tony F's response don't seem to be working to arrest the fall [read past posting here and here].
In fact, news report today are talking about short selling is at large. This will not be good news for AirAsia shares.
A quick look at the chart shows the emerging of a dead cat bounce pattern.
"Self interest" placed TUDM air base under security risk
The planned demonstration yesterday was cancelled. The reason could be the current heat spell and Ramadhan. Was told by Penang sources that there was no support to hold it.
The often cited reason to oppose moving the TUDM air base and development of the current site was low cost housing. So Penang UMNO's statement yesterday seemed to divert the issue to state government's delay for PR1MA development [read in TMI here]. It turns out they were referring to allegation by state exco on housing, Jagdeep Singh Deo [read The Star here].
Utusan Malaysia today still reported Zainal expressing UMNO Penang's opposition and citing Bumiputera interest as reason [read here]. Either they do not know or hiding it from the public, more than half of the targeted low cost housing will be achieved by the move.
In NST today, there is a two-article feature which highlights the security risk of the most important RMAF air base in the country. How could BN's opposition leader, Datuk Jahara Hamid claim the air base is 'underdeveloped'.
Saturday, June 27, 2015
Self interest behind sabotage for new TUDM air base
There is a demonstration planned for tomorrow June 28th in Penang to protest against the plan to move TUDM air base in Butterworth and redeveloped the site. The base is situated in BN's parliamentary seat of Tasek Gelugor.
The plan was to move the squatters near the airstrip to an area within the same parliamantary area in Bandar Perda under the administration of the federal government. More than 10,000 units of low cost home will be built on the existing air base site. If the motive is to maintain political dominance, that would have served the purpose.
This needs highlighting so to repeat again, it is more than 10,000 units of low cost homes or 'rumah murah'. Not 'mampu milik' or affordable home which is seldom laughed off as 'mampu tengok' or affordable to view only.
Friday, June 26, 2015
Doubt Sufi met Justo
In RPK's Malaysia Today posting, "Mahathir: The hunter turned hunted", he revealed that Tun M's assistant, Sufi Yusof had gone to Thailand to meet Xavier Justo and accused him as a party to a fraud.
Justo's own doing made the politicising of 1MDB issue turned the country topsy turvy.
In politics, all's fair in love and war. The political accusation on 1MDB made the line between sensibility and the simplified "thats all to it" reasoning become as thin as membrane.
Thursday, June 25, 2015
Suddenly, Nazir turned quiet as a mouse
Since June 16th newsbreak spread rumours of Dato Nazir Tun Abdul Razak starting a new political party, he suddenly turned quiet as a mouse.
It is almost 10 days of silence without the some great virtues and wisdom expressed by this capitalist investment banker turned socially conscious citizen. Let's not talk of the retrenchment in CIMB becuase he need to project an image of concern for the downtrodden rakyat.
Someone with his moral standing is needed to voice support for the suddenly quiet cause against the big bad 1MDB. The capture of the Swiss Xavier Justo in Thailand should not be a setback to criticise 1MDB.
Najib did not OK alone, but no question on the 2 Datoks?
In the posting on expose by Australian newspaper, The Age relating to the MARA Inc. purchase of Melbourne property [read here], the title used was cynical of Australian media.
The Age described the Australian facilitator, Peter Mill as a conman that had served time in prison, but his response in court was described as "surprisingly honest".
The typical slant in Australian media was there but nobody notice. So do be careful with what you read especially in the like of Savior Andre Justo.
Unfortunately, it took only a spin in the reporting by TMI and M'kini to divert attention from the more pertinent questions that should have been asked.
And important to point out that Tan Sri Anuar Musa never said it was Dato Najib who decided but the Economic Council.
See the statement below:
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