Monday, September 20, 2021
Friday, September 17, 2021
Thursday, September 16, 2021
Wishing all Selamat Hari Malaysia in the spirit of the new national tagline Malaysian Family.
The current economic, political and social development seemed to be leading UMNO as well as PPBM and PAS to the inevitable.
Though there is a political truce for at least a year to enable Malaysia to get out of the triple crisis of health, economics and politics, MOU is not an iron clad agreement.
Only time can tell.
Political pundits is predicting the horizon is not too far away. Perhaps, it is before the return of His Majesty Agong from his overseas trip. Or just after.
In the meanwhile, the mounting worry is Malaysia has all the elements and ripe for the picking.
Friday, September 10, 2021
Yesterday, the top management of IRD (or the Malay acronym LHDN) was in a meeting the whole day.
The mood and subject of discussion is not known but it should be out of concern for the police report made by Dato Najib against LHDN at the Sentul Police Station on Thursday for abuse of power, use of false documents, etc.
That brought out opposing reaction on the social media. The so-called Najib cybertroopers announced he is commencing his attack.
In the midst of jubilation by Najib's supporter, with some hoping for his comeback following talk Najib will be appointed to some position in government, Court of Appeal put a damper.
Najib and son appeal on the bankruptcy proceeding of LHDN for failure to pay the RM1.69 billion tax was rejected. His social media detractors quickly demand he pay up and brushed aside the police report as mere theatrics.
Maybe yes and maybe no, but police investigation has commenced and probably later, MACC to follow. The heat is still on LHDN.
Monday, September 06, 2021
Pak Pandir is a famous Malay folklore character depicted as naive and simpleminded.
He is the village idiot foolishly following advise blindly and seldom succumbed to situation which puts him in hilarious situation.
In the Serba Dinamik episode, Sarawak Kini, a Sarawak based blog described EPF as a Pak Pandir Fund Manager. They went on to account for repeatedly being on the wrong side of the market, which is contrary to their claim as a prudent investor.
The market talk is EPF has something to hide for it benefited in the short and long play through the meteoric rise of Serba shares in the past. The cat may have got their tongue.
To cover from losing face and not be shamed, the likes of EPF, Bursa Malaysia and Securities Commission need a voice to assist and perhaps, cover for them. Suspiciously and with basis, Minority Shareholders Watchdog Group (MSWG) maybe doing their bidding.
The recent comment by its CEO, Devanesan Evanson in Focus Malaysia here made him look as naive as Pak Pandir to the astute observer.
Wednesday, September 01, 2021
Sunday, August 29, 2021
Back in primary school days at Sekolah Temenggong Abdul Rahman 1, Johor Baru in 1971, yours truly was the senior prefect leading the reading of oath at the school assembly.
In celebration of Merdeka, join us to read the sacred words this then 12 year old recited at the top of our voice half a century ago:
Friday, August 27, 2021
Wednesday, August 18, 2021
Malaysia Bureau Chief
3 HOURS AGO
KUALA LUMPUR - Umno vice-president Ismail Sabri Yaakob is on the cusp of becoming Malaysia's ninth Prime Minister after his party's 38 lawmakers decided late Tuesday (Aug 17) to throw their support behind him.
Multiple sources told The Straits Times that a meeting of the Umno-led Barisan Nasional (BN) lawmakers agreed to nominate the Bera MP, who was deputy premier in the Muhyiddin Yassin administration which resigned on Monday.
Monday, August 16, 2021
Friday, August 13, 2021
It could be 24, 48, 72 hours or even more.
Unless any unexpected turn of event, any moment Tan Sri Mahiaddin Mat Yasin @ Muhyiddin Yassin would end his tenure as the 8th Prime Minister before Parliament could reconvene to vote on the motion for a vote of confidence.
His trip to Marang, Terengganu yesterday to meet sickly PAS President, Tuan Guru Dato Haji Hadi Awang may not likely to discuss strategy to remain in power.
A PAS leader and UMNO Minister was heard summoned to meet the Agong to deliver the message to Mahiaddin to resign. He has received the message Wednesday evening after the meeting with party leaders of Perikatan Nasional.
Hadi should have been briefed. Already viraled on social media is all police leave cancelled with immediate effect. Military Chief is Agong's brother-in-law and they would have been on standby earlier.
The Facebook of YB Awang Hashim for Pendang quoted Utusan Malaysia report mentioning the meet is to strengthen PAS position in the PN coalition. MB Terengganu, Dato Dr Ahmad Samsuri Mokhtar was more sombre and less committed to say anything in his FB posting.
Sunday, August 08, 2021
The last words in TwentyTwo13's interview with Dato Vinod Sekhar is probably an indication he will not waste any more time with MalaysiaNow or Malaysia Today and sue the living daylight out of these two portals.
Reproduced from The Mole:
I’m a businessman and I want to do as much as possible. I’d like to leave a legacy for my daughters so that they will be proud of me like how I am proud of my father. That’s setting the bar very high. I’ve passed the stage of looking at petty things. Legacy is all there is.
The two portals were still at it to repeat on his already cleared bankruptcy and again mentioned in their so-called scoop on Vinod involvement in the alleged Hungarian ventilator scandal.
Since 2019, Vinod started bouncing back from the financial setback (read Astro Awani here). Because of the renewed onslaught, he had to do another round of PR exercise (Read FocusM here and here). Image and perception is everything to a businessman.
Its one thing for writer or social media commentator to raise issues against politicians. They are more hardy, thick skinned, and capable of replying back.
But when involve civil servants and businessmen, it is a different ball of wax. Extra caution is required. Ensure it is substantiated and can be proven.
Friday, August 06, 2021
After more than 10 days, wonder what is the development to the July 25th posting entitled "MalaysiaNow - MT doing old school reformasi era psywar" in their attempt to scandalise and locally politicise Malaysian businessman, Dato Vinod Sekhar to the Hungarian ventilator scandal.
The issue is interesting on several aspects. Hope it is not narrowly perceived as a pro-UMNO moi defending someone closely linked to Dato Seri Anwar Ibrahim. If there is any politics, it is about political quarrels similar to the quarrel of former lovers.
Same happening currently at national level is the political quarrels of former comrades from and within UMNO, which this blog is refraining from comment to prevent from blurting anything and just enjoying a ring-side seat.
The attack on Vinod revealed Malaysia Today has changed bosses again within a short time after leaving Dato Najib's man to someone aligned to PPBM and apparently, now it is with Azmin. NO worry, OK with that.
Tuesday, August 03, 2021
In an interview with FMT, Serba Dinamik finally explained and replied to the RM4.5 billion KPMG claimed audit discrepancies.
The saga caused some RM3 billion capitalisation of the company wiped out following attempt to sack and resignation of KPMG, sellout by local Fund Manager including Pak Pandir dubbed EPF, resignation of independent members of the Board of Directors and unprecedented lawsuit against an external auditor.
Apparently, 1MDB did the same on KPMG. Another relief to Serba is criminal charge against an ex-KPMG sued by 1MDB and also ex-Serba independent Director. More in Rocky Bru here on the change of perception against Serba.
The crux of the matter is the audit discrepency. Part of it was probably leaked and rebutted back in i-Investor portal. Sarawak Kini discussed it here.
Serba CEO Datok Mohd Karim Abdullah has finally spoken. FMT below:
Sunday, August 01, 2021
According to Wikipedia, persistence of vision is the “optical illusion that occurs when visual perception of an object does not cease for some time after the rays of light proceeding from it have ceased to enter the eye”.
A series of vision creates an illusion of motion in the old film on reel. And, a series of reported and analysed news or events could create a visual perception of the reported subject. Seldom governments or corporations or personalities are too adamant with the facts before their hand.
They failed to realise the visual perception from the publicly available and widespread report or analysis of news or events. By the time, they realised the problem and gone into firefighting mode, its too late and perception is imbedded.
Like all players in the aviation industry, Malaysia Airport Holdings Berhad (MAHB) is in a tough business condition. Though still have the reserves and credit facility to keep going and carryout plans, the 5 quarters losses is their persistence of vision.
Sunday, July 25, 2021
Friday, July 23, 2021
Friday, July 16, 2021
Today, it is for all to witness how allowing Air Asia to roam free has cannibalised Malaysia Airlines, reduced Malaysia's prominance in the world airline industry from once 3rd rated in the world, and reduced the local airline industry into a low yield destination.
For a good many years, Air Asia temporarily took prominance in Asia with listing at almost all bourses of its Asian major destinations. However, Covid 19 pandemic proves that the competition is good mantra expounded by Air Asia is structural deficient as the crumble under financial pressure to reduce itself to pursue food delivery business.
The same will happen should government decide to emulate the same mantra for the airport business to turn into an unmanageable industry which will be counter productive to the development achieved for the overall Malaysian aviation indutstry.
Sunday, July 11, 2021
As ongoing austerity policies hit European citizens – leading to an explosion of so-called ‘food banks’ to support low-income families – a local authority in a crowded area of Istanbul is encouraging high or middle-income residents to pay for extra bread for their less-well-off neighbors, without the beneficiaries knowing who donated.Taking its name from the hooks on which they were commonly stored, ‘hanging bread’ was revived in Istanbul's busy Bagcilar district last year during Ramadan.
Thursday, July 08, 2021
Monday, July 05, 2021
On Friday last week, Serba Dinamik got its wish for an independent party to either condemn them or free them from the negativity that arose because KPMG could not form an opinion .Trading today will be interesting but only on Tuesday, the 1.75 billion shares traded last last week will meet the hold, fold or foresold fateReddit banter points to a new shareholder. Similar stories are bound to appear elsewhere ahead of Tuesday.
Nothing much said though on what looks like a deliberate attempt online and in Telegam to paint a picture of guilt on Serba Dinamik. READ ;Who would go to such lengths and why must we all be convinced that Serba Dinamik's guilt is cast on stonePronounce Serba Dinamik INNOCENT, and EY, the only BIG FOUR 1MDB auditor who walked away with their integrity and honesty elevated, will have knives pointed at their integrity by lesser men.Add the strange selling strategy employed by the EPF and a Sarawak based media's demand to know if the fabled PAK PANDIR IS FOR REALHave we forgotten how attempts were made on Air Asia, seemingly on governance issues over the past 6 years, which could have resulted in Tony Fernandes, having to sell against his will and on the cheap the company he built from nothing. The personalities in Serba Dinamik are mere dwarf's compared to Tony in terms of profile, wealth, and global networking, but even he had to take The WALK OF SHAME
READ ;TUESDAY, shall have her share of diamonds in the rough intrigue, and nothing more than that because they have always known as you now know ; the story of Serba Dinamik has yet to be told.
Saturday, July 03, 2021
Thursday, July 01, 2021
Tuesday, June 29, 2021
Monday, June 28, 2021
Thursday, June 24, 2021
Monday, June 21, 2021
Friday, June 18, 2021
In law, acquiescence occurs when a person knowingly stands by without raising any objection to the infringement of his or her rights, while someone else unknowingly and without malice aforethought acts in a manner inconsistent with their rights. As a result of acquiescence, the person whose rights are infringed may lose the ability to make a legal claim against the infringer, or may be unable to obtain an injunction against continued infringement. The doctrine infers a form of "permission" that results from silence or passiveness over an extended period of time.
Tuesday, June 15, 2021
On June 10, Minister presented the report to Cabinet. In his Facebook, Dr Wee highlighted "the Investigation Committee’s 23 recommendations to achieve these systemic improvements expeditiously". He enlisted the improvements recommended for short term of three months, medium term of 3 to 6 months, and long term of 6 months or longer. .
The real matter sought by the public is the cause and he touched on it near the end of his posting. An extract reproducd below:
Monday, June 14, 2021
Edge Weekly has a follow-up story on the Malaysia Airport Holding Berhad's tender for aerotrain. In their earlier expose, it was about last minute change in tender specification. This issue is about change in consultant.
There may have been allegation Jacobs were sidelined from involvement in the selection process in favour of Ch2M. MAHB corrected it. Again, their explanation mentioned is it is common practise.
Mentioned in the article, Edge claimed the tender bids came in between RM600 million and RM760 million.
It is vastly different from the estimated RM400 million budget mentioned in this blog's May 26th posting here. The tender bids may have came in at lower than RM400 million with RM320 million as possible bottom.
Saturday, June 12, 2021
Once a suitable geographical location is selected and the land is purchased, the site must go through a series of tests and rituals to ensure its purity. In the first test, as the Brhat-Samhita indicates, a pit is dug and the excavated soil is then returned to the pit.
Thursday, June 10, 2021
Wednesday, June 09, 2021
Monday, June 07, 2021
Saturday, June 05, 2021
On May 28th, Mark Staib, Executive Director of PETRA Transit System Sdn Bhd technically explained that the driverless operation of Putra LRT is designed, tested and proven to avoid two trains coming within close proximity to each other. In short, driver cannot be blame.
His article came a day after Prime Minister, Tan Sri Muhyiddin committed to give assurance that no such accident will recur and Special Task Force formed to investigate. It all seemed a standard response in facing accident and tragedy.
Government carried out the first two actions in the accident that caused injury to 200 people in which 47 are not light injury. First to ensure the injured are attended to. Secondly to commit to the task force.
However, the development is not encouraging and typical holes as in past public enquiries surfaced. There are parties doubting the independence of the Task Force created.
The Malaysia Reserve reported:
Monday, May 31, 2021
Wednesday, May 26, 2021
A terrible accident occurred Monday evening on the Putra-LRT Kelana Jaya - Gombak line that resulted in serious injury to 44 passengers and 200 injured.
Discussed on social media is the probable “miscommunication” error and technical “detection” problem. A rescued train manually being maneuvered back to the depot clashed butt on with another train in the midst of its automated round.
Putra LRT commenced since its first phase of operation in 1998. Being in operation for more than 20 years, it is not likely to be a design problem for Bombardier’s first automated system.
The aerotrain tender came to mind because it was highlighted on the top frontpage of May 24th-30th Edge weekly.
Saturday, May 22, 2021
He must be under tremendous pressure to deliver the national vaccination program that he lashed out at Dato Najib for harping on the slow pace vaccination and ignoring his previous explanation.
This is not the first time he had exchanges on vaccination with the former Prime Minister. Najib feel strongly for mass vaccination, but he did not take Khairy’s response any further. Maybe in another occasion.
In the social media, Khairy was told to not blame others. It was him who announced the schedule, targeted vaccination, delay, postphonement, financial limitation, etc.
Sunday, May 16, 2021
It is about humanity.
It is about the atrocities of Israel, supporting superpowers, and indifferent rich Arab brothers against innocent and helpless civilian, including women, children and the aged.
Putting aside the cringing name a group of senior Malaysian jounalists called themselves. It is not about politics or self grandisation, but their concern for the helpless Palestininians robbed of their lands and homes.
Media Statement By Group of Eminent Journalists
15th May 2021
We demand the atrocities perpetrated by the Israeli military to stop immediately in Gaza. The intensifying assault on Gaza is beyond the pale of humanity. It is an act of aggression and a pompous show of strength on the part of the Israeli military on innocent populace.
Thursday, May 13, 2021
Thursday, May 06, 2021
Former execs take Mara Corp to Industrial Court
Thursday, May 6th, 2021 at Business | News
The Malaysia Reserve
14 of them had undergone mediation with Mara without reaching a settlement
A GROUP of executives, who were brought in to transform Majlis Amanah Rakyat’s (Mara) business arm and dismissed just months later, will have their case heard at the Industrial Court.
At least half of the 20 top executives recruited by former Mara Corp CEO Datuk Badlisyah Abdul Ghani are claiming unjust dismissal without proper notice, sources said.
It is understood that 14 of them had undergone mediation with Mara without reaching a settlement and are now awaiting for their case to be heard before the court.
Tuesday, May 04, 2021
You must take the "A" train
To go to Sugar Hill, way up in Harlem
If you miss the "A" train
You'll find you missed the quickest way to Harlem
Hurry, get on, now it's coming
Listen to those rails a-thrumming all aboard
Get on the "A" train
Soon you will be on Sugar Hill in Harlem
You must take the "A" train
To go to Sugar Hill, way up in Harlem
You must take the "A" train
To go to Sugar Hill, way up in Harlem
If you miss the "A" train
You'll miss the quickest way to Harlem
Hurry, get on board, it's comin'
Ella Fitzgerald & Duke Ellington
Friday, April 30, 2021
|Tun Daim sent to China in July 2018 as "special envoy" for "special purpose"|
Monday, April 19, 2021
China is a superpower and it has and will behave like any other. It will do whatever it takes to build hegemony over what it considers its area of influence, even via corrupt means. - P Gunasegaran
P Gunasegaran wrote on the new ECRL deal in The Vibes last week.
Despite no proofs and new information, he insisted the original cost to build the ECRL put together by Dato Najib was meant to skim off money to pay for 1MDB debt. Its 3 years since BN government lost the 14th General Election, but no effort to use this allegation to ensure Najib eventually end up permanently in the slammer.
Instead, PH government went back and forth with the China government and contractor to finally cancelled it. Under PN government that is developing the perception as a mutant PH 2.0, they recently announced reviving the ECRL to the original Najib plan at lower cost.
Naturally, Gunasegaran is still not happy with the recent develoment. The reduced cost is not sufficiently significant and does not protect our national interest.
Foreign Minister Dato Hishamuddin's made a recent diplomatic embarassment to both Malaysia and China in his attempt to buddy up by calling his China counterpart "taiko". It does not bring about a significant decrease in cost and China's dominance in the local rail will continue unabated.
Friday, April 16, 2021
Datuk Dr Tawfiq Ayman, the husband of former Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz, was spotted at the police Commercial Crime unit here giving his statement for three hours.Wearing a mask, he was seen waiting and talking to his lawyer at a coffee outlet at 9.50am before going into Menara KPJ in Jalan Tun Razak 10 minutes later.Sources told theedgemarkets.com that he had his statement recorded for three hours and was seen leaving the vicinity slightly after 1pm, while being accompanied by his lawyer Datuk Jagjit Singh. It is understood he may come again next week.
Wednesday, April 14, 2021
- ▼ September (6)
- Salam Merdeka 2021
- What will new cabinet be? [up-dated]
- Umno vice-president Ismail Sabri Yaakob on course ...
- O' Lord, grant us good leadership ... Ameen
- It's a matter of hours ...
- New year, New beginning?
- Vinod Sekhar could sue the daylight of MalaysiaNow
- Nothing new on the Hungarian ventilator scandal al...
- Serba finally reply the RM4.5 billion question
- MAHB need to avoid perception trap
- MalaysiaNow - MT doing old school reformasi era ps...
- Hotel Istana: Syed Mokhtar-Fakhri Yassin cooking s...
- Learn from Air Asia mess before carving out Subang
- Altimet-ly, no Malaysians should go hungry
- ... no idea ... blame you ... put them in Parliament
- Businessman trickery, Auditor no angel
- Raising the black and white flags
- MAHB not found fairway on Subang Airport issue
- No provision for hybrid Parliament
- "So far", Zafrul's denial not believable
- Suddenly, another round of opposition against carv...
- Is Foxconn's acquisition of DNeX pre-planned or ho...
- Did Sakyamurni Cave Monastery acquiesced in 1960?
- Till Putra LRT Adjudicatng Committee is establised...
- MAHB Aerotrain tender: Budgetted RM400 million, up...
- Sakyamuni Cave Monastery: The overriding factor is...
- Will MAHB make a decision at the moment Muhyiddin ...
- LRT preliminary report submitted in 14 days
- Dirgahayu Tuanku! Emergency gov't should take over
- Independence of Special Task Force on LRT mishap q...
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