Friday, November 30, 2018

Investigate Waytha's devious hands behind ICERD, USJ25 temple!


A friend complained that Facebook put him on a 3-day ban for calling on police to investigate Waytha Moorthy.

Aliran Executive Commitee said it rightly that government should focus on tackling poverty (which is expected to worsen following the disastrous budget by Tun Dr Mahathir's Minister of Finance, "Nobita" Lim Guan Eng) and insecurities of B40.

Cabinet or more accurately, Cabinet Members, including the PM, should shed their opposition character, stop their shallow politics, and focus with the job in hand to govern and take the country out of the rut that is their own doing.

Mahathir denied but the events unfolding is undoubtedly personal and political revenge. Thus the question posed by Martin Vengadesan of The Star: Do we want justice or revenge? Our fingers are so itchy to write of what we see of some of the cases against BN leaders.

In addition to the valid concern of Aliran, a column in The Star questioned how Waytha could announced government would rectify ICERD without any news of cabinet discussing the matter, and surely no cabinet decision was reached since PPBM leaders opposed ICERD and PKR, except for AMK, are cautious on ICERD. There was no prior communication, explanatory roadshow government and public discourse by government.

As Joceline Tan revealed in her column here, it was Saifuddin Abdullah that slipped ICERD into Mahathir's speech at the United Nation and Waytha spiked on the set-up ball.

Then came the temple incident in which Waytha devious hands is at it again.

Thursday, November 29, 2018

Having survived attempted removal, will Shahril get cash call approved?


It is un-sangka-reable.

But the eldest son of Sapura founder, Tan Sri Shahril Shamsuddin Kadir survived an attempt to oust him as CEO in July.

The initiative to kick him out of the Board of Director was led by no kucirat shareholder but government pension fund manager, EPF.

The dispute was his big pay. For Sapura Energy that loss nearly RM3 billion on a revenue short of RM6 billion for FY 2018, Shahril was earning RM72 million excluding an IP rights payment of RM43 million. [Read The Edge here]. 

It made the big fuzz over the salary of the late Tan Sri Abdullah Ahmad aka Dolah Kok Lanas as Chairman and acting CEO of SPPK in the 80s pittance.

This case was quoted by our Company's late Chairman, a former MITI KSU in the late 90s when he refused to accept any Board renumeration till company made money and shareholders get their dividends. Having collaborated before with MSWG, that would be our stand.

In the case of Shahril, 82% of the shareholders voted to retain him as Director at the company's AGM in July. Shahril holds only 15%.

More astonishing, PNB announced in late September that they are prepared to take up any unsubscribed shares from a planned RM4 billion right issue up to 40%, which is basically increasing their stake from 26%.

With shareholders overwhelming endorsement and backup from a reputable institution PNB, idealism goes out the window.

Tuesday, November 27, 2018

FGV lawsuit should not be an escape route for Isa


"Tak dibuat orang", a top law enforcement officer confided when asked his view of Felda Global Ventures Berhad (FGV) suing its former Chairman, Tan Sri Isa Samad, former CEO, Dato Mohamed Emir Mavani Abdullah, and 13 others including former government representatives in FGV.

Such remark is natural as it will be the first time since the overhaul done on the Company Act in 2016. According to AskLegal.my website, today "you can actually sue directors for breaching their director duties".

The overhaul done under Dato Najib administration seemed to bite him back but it would not have been done by current Prime Minister, Tun Dr Mahathir.

He U-turned to delay the amendment to take out the responsibility of Public Prosecutor from the Attorney General despite Dato Gopal Sri Ram obviously playing the role now.

It is certainly a vindication to finally "Gotcha!" on Emir Mavani. Never convinced with his use of Enterprise Value in acquisition of plantations, including Eagle and United Pontian.

As for Isa Samad, it serve him right for insisting on oil and gas man, Emir as CEO and the conniving move on seasoned planter, the late Tan Sri Sabri Ahmad in 2013. He contributed to BN losing 25 "Felda seats".

For the rest, it is high time Directors be penalised for not carrying out their fiduciary duties said a former corporate player that used to hog the media.

Wednesday, November 14, 2018

POETIC INTERLUDE: Rendra's last


Hidup itu seperti UAP,
yang sebentar saja kelihatan, lalu lenyap !!

Ketika
Orang memuji MILIKKU,
aku berkata bahwa ini HANYA TITIPAN saja.

Bahwa mobilku adalah titipan-NYA,
Bahwa rumahku adalah titipan-NYA,
Bahwa hartaku adalah titipan-NYA,
Bahwa putra-putriku hanyalah titipan-NYA ...

Tapi mengapa aku tidak pernah bertanya,
MENGAPA DIA menitipkannya kepadaku?
UNTUK APA DIA menitipkan semuanya kepadaku.

Monday, November 12, 2018

Authority cleared Lynas: What now unhappy Fuziah and Wong?

An old caption of YB Fuziah Salleh and YB Wong Tuan Tat 

The Australian Financial Review this morning reported with confidence as they claimed "Lynas unscathed by first Malaysian review hearing".  They may have quoted The Star's Sunday report here, in which all relevant government agencies were cleared by all relevant agencies. An extract below:
By the end of the nearly five-hour public hearing on the issues surrounding the rare earth refinery's operations, all parties had had their say.

Government agencies such as the Department of Environment (DoE), Atomic Energy Licensing Board (AELB), Malaysian Investment Development Authority and the Department of Occupational Safety and Health (DOSH) generally found Lynas to be in compliance with rules and regulations.

Pahang DoE director Rosli Zul said throughout the development of Lynas, the department found that the company had abided by all the relevant environmental regulations.
Rosli went on to say the water that passed through LAMP came out cleaner. [Read more in The Sundaily here].

In our previous posting here, Fuziah Salleh and Wong Tuan Tat remained defiant to see Lynas go.

Wednesday, October 31, 2018

Lynas: Are Wong Tack, Fuziah shifting to China friendly?


These "opposition"-type do not give-up so easily. Not even when they have taken over the government.

With the benefit of being in the political leadership and access to civil service support, they should have a better picture of the various considerations in any decision by government.

Lynas Advaned Material Plant (LAMP) received extension till February 15 of the temporary permit to store residue at its site. Immediately, Wong Tuan Tack, the MP for Bentong from DAP responded to urge the PH government not to repeat the mistake of the previous BN government.

It is perhaps ego to show they are right and it's not just politics. Maybe it is a matter of face after the anti-Lynas failed to prove their point at the PSC public hearing then. Probably they have something more than questioning government and various agencies for approving the licences and site, thus should not give up. Since Pahang remained with BN, it could be political.

Earlier in mid-October, Wong pledge to continue to fight on the claimed environmental cause of Lynas. He and another champion of the issue, MP for Kuantan, Fuziah Salleh, was requested to vacate the LAMP executive review committee.

The Lynas defiance is interesting on many accounts.

Monday, October 22, 2018

Saifuddin's mouthpiece to reply Anifah is one week late


One would expect a columnist with accolades of assignments and Harvard mentioned in his resume like Phar Kim Beng would have given a decent commentary to Dato Anifah Aman's response in Parliamant to Malaysia Baru's new Foreign Minister, Dato Saifuddin Abdullah.

Phar's reply to Anifah's calling of Saifuddin as not "well-versed" in South China Seas issue was to reduced it to as hackneved.

He then ridiculed the expertise of a former Director General of Maritime Department in the Foreign Minister, who was recently sent to France as Malaysia's new Ambassador, as Anifah's only expert on South China Sea.

Subsequently, he was throwing the names of few diplomats, which was not quite clear whether he was potraying Anifah as getting the wrong advise from the wrong people or Saifuddin seek advise from better diplomats.

Phar seemed to run down all the diplomats which advised both Anifah and Saifuddin. This technique in debate is hackneyed, meaning overused; unoriginal and trite. It is so DAPish to run down without giving a fair and honest assessment.

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