Friday, June 18, 2021

Did Sakyamurni Cave Monastery acquiesced in 1960?


To acquiesce means to accept as inevitable or indisputable; as, to acquiesce to a demand. Taken from Wikipedia below: 

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.[1] 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.

Blogger Depa Kata Lah questioned the claim Sakyamuni Cave Monastery is more than 100 years old with the argument they only first applied for permit in 2014. 

Its a simple argument commonly used in political debate. The argument is rather dry, cold, and in your face. Unfortunatey, it has legal relevance. 

When Perak state issued the land lease in 1960 and approval for quarry operation in 1964, did the Cave Monastery protested?

On the hand, the Caves Monastery may get legal relief from the acquiescense. 

Tuesday, June 15, 2021

Till Putra LRT Adjudicatng Committee is establised ....


Ignoring the question on independence of the Investigating Committee on the Putra LRT train collision, the committee moved on and within 14 days submitted a report to the Minister of Transport, Dato Seri Dr Wee Ka Siong.  

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

MAHB Aerotrain tender: Budgetted RM400 million, up RM760 million?

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

Sakyamuni Cave Monastery: The overriding factor is safety


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.


The website Mahavidya described the meticulous process Hindu undego to identify, determine, and prepare the site for a Hindu temple, a place of importance to the religion or as any religion would treat their place of worship. 

To the Hindu, the temple is a sacred sanctuary where the "communion between the realm of the worshiper and the realm of the gods occurs." 

It is the same belief to defend the "place that was chosen by God that is Sacred Gunung Kanthan" that motivated Malaysia Dhamma Sakyamuni Monstery, its devotees and supporters.

They launched a campaign and petition for public support against eviction and eventual destruction of Sakyamuni Cave Monastery located at the border of Ipoh and Gunong Kantan in Kinta Valley. 

They are appealing to authority on the ground of history, environment, and health. At the same time, The Vibe.com reported a lawyer supporting the Cave Monastery made a filing in court. 

According to the report, APMC allowed for the Monastery on their property. The YTL subsidiary is expanding its quarry operation.  The monks and devotees had to be evicted. Apparently, Perak state provided land at another safer location.        

Thursday, June 10, 2021

Will MAHB make a decision at the moment Muhyiddin government is shaky?


When putting up posting yesterday on completion of preliminary report on LRT Putra mishap, it was highlighted because rather impress with the swift response.

Quite encouraging. Merely giving credit where it is due. 

Had no idea today MAHB Board of Directors will be making an important decision on Aerotrain tender till Rocky Bru here highlighted it yesterday.

The decision today by Chairman Dato Dr Zambery Kadir, who was just appointed BN Secretary General, is interesting. 

In the midst of commotion of Agong calling on the heads of political parties, one wonders whether MAHB will make decision at a time Tan Sri Mahiaddin @ Muhyiddin's government looking shaky and decisions made could be overturned.

As Facebooker Salahuddin Hisham described this morning, government looks as desperare and shaky as a mini Titanic about to capsize.  

A re-tender look sensible and smart as it pacify all parties involved. They postphoned a decision for 7 years so might as well make sure it is done properly.

Wednesday, June 09, 2021

LRT preliminary report submitted in 14 days


One thing comforting of the recent LRT mishap incident is that all except two have been released by hospital.

Before any adjustment or change is to be made of the LRT operation, train service was able to resume the next day and not wait two weeks. Any problems and repair sorted out overnight.

That revived public confidence and prevented speculations arising from any wait. Equally impressive, a preliminary report have been submitted by the Investigation Committee within 14 days.

Dato Dr Wee Ka Siong uploaded the following announcement on his Facebook page yesterday as below

Monday, June 07, 2021

Dirgahayu Tuanku! Emergency gov't should take over


In conjunction with the momentous occasion of His Highness birthday, Singapore's Straits Times reported the Seri Paduka Yang DiPertuan Agong will be meeting political party leaders beginning Wednesday.

Of late, there have been numerous calls by various parties upon His Highness to be more decisive in the face of public consensus that the emergency proclamation is a failure.

Daily Covid positive number is at global high. Death on the rise and becoming more prevalent. 

Remedial actions such as vaccination is at bureaucratic snail pace due to problems poorly anticipated, poor planning and execution. 

Priorities constantly in conflict, SOP flip flops and government actions uncoordinated.

Saturday, June 05, 2021

Independence of Special Task Force on LRT mishap questioned

According to Chung Yi Fun, Anthony Loke's Special Officer, the Putra LRT mishap on May 24th could be human error or technical error of the Bombadier autonomous operation train. 

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

Sacking Tajuddin puts politicians at GLC under spotlight


The termination of Dato Tajuddin Abdul Rahman as Prasarana Chairman led Sinar Harian to make into frontpage the issue of GLC positions as political reward.

Coincidently, this blog's previous posting here touched on SC's recent code of governance for PLC to discourage appointment of politicians on the Board of Director.

Sinar's focus is MARA, but the issue of political appointment currently relates with Prasarana, Putra LRT mishap, Malaysia Airports Berhad. and Aerotrain tender.

It so happened that like Prasarana, Malaysia Airports Berhad replaced a professional namely, a judge with an active politician. 

Prasarana immediately announced replacing Tajuddin with a retired judge.

Wednesday, May 26, 2021

MAHB’s Aerotrain, Corporate Governance and Zulekha


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. 

Gruesome images of passengers in the Bombardier train with blood splattered on the floor can be found viralling in the social media. 

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. 

Chung Yi Fun, former Special Officer to Anthony Loke indicated it could be human error and not ruling out, systemic failure. It is still premature to tell and will have to wait for investigation to be conducted.

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. 

Nevertheless, prudent and safety concerned management and government bureaucrat will turn cautious toward Pestech Bombardier’s bid for Malaysia Airport Holding Berhad (MAHB) aerotrain tender.

The aerotrain tender came to mind because it was highlighted on the top frontpage of May 24th-30th Edge weekly. 

Words heard there is a party pushing hard for Bombardier for MAHB’s Board of Directors meeting on May 28th. The same date the Board is to decide on another touchy subject of WCT proposal to develop Subang Airport.

Saturday, May 22, 2021

No politics in vaccination program


The Covid 19 vaccination has problems. It is lagging to other countries in the region. But, it is not entirely the Minister for Science, Technology and Innovation (MOSTI), Khairy Jamaluddin's fault.

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. 

One FBer angered by his response goes to the point of brushing him off as incapable of even riding a bike and blaming the fall to the JKR Director. 

Pity Khairy. He was finally given a chance to prove his mantle in undertaking a significant national task. 

Sunday, May 16, 2021

Journalists for Palestinians

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

Selamat hari raya ...


Maaf zahir batin... 

... Watch your SOP.

Thursday, May 06, 2021

MARA Corp saga continues


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

MUSICAL INTERLUDE: Take the A Train


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'
Listen to…

Ella Fitzgerald & Duke Ellington

Friday, April 30, 2021

Is something big hatching on Malaysian rail involving Scomi?

Tun Daim sent to China in July 2018 as "special envoy" for "special purpose" 

Blogger Captain M picked up the news on the appointment of Van Chiang Lum as member of the Board of Directors of Scomi Group Berhad (Scomi) in his analysis of Destini Berhad's MRO deal with KTMB (read here and here). Van is in the senior management team at Destini

Conveniently, Captain M linked the appointment to this blog's revelation that Destini is on the hunt for companies for operational support to ETS, a 70% recently acquired subsidiary of KTMB for MRO.

While this was happening, media reported Scomi's CEO, Sammy Tse Kwok Fai tendered his resignation yesterday. He and few other Directors of Scomi retired from the BoardSammy and another Director voted out, while two Directors subsequently resigned. 

Two new Directors were appointed to the Board of Directors, namely, Van and a Dato Wan Shahruddin bin Wan Mahmood. They will join the two remaining Directors, Shah Hakim Zain and Tunku Azlan Tunku Aziz.  


The rehabilitation plan, to quote NST here, "could potentially include reviving existing businesses in which the company has experience".  

Monday, April 19, 2021

"Taiko" diplomacy fail to deter China control over Malayan rail

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

Mahathir washed his hands as Bukit Aman investigate Zeti's husband


The Edge Online reported yesterday:

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.

Tun Dr Mahathir washed his hands and claim ignorance of Zeti's 1MDB involvement. His denial is not believable to staunch Najib supporter and FBooker, Lim Sian See.

Wednesday, April 14, 2021

Why is MoT KSU getting personal with Railway Union?


Minister of Transport , Dato Wee Ka Siong launched the Diesel Multiple Units (DMU) trains in Pasir Mas, Kelantan last week to replace the old diesel locomotive and passenger coaches servicing the Kelantan and Pahang route. 

Unfortunately, the good news was negated by the significantly greater effort by MoT for a wider media coverage to their Secretary General (KSU)'s police report against Sabahkini2 for revealing direct negotiation for 6 cars Intercity Electric Multiple Units (EMUs). 

The KSU then followed up with MoT issuing statement to attack the Railwaymen Union of Malaya (RUM) on matters related to the launched 13 DMUs for East Coast. Unlike against Sabahkini2, there was no police report but a serious accusation of slander was made towards the union.  

The launch would have overshadowered the accusation of widespread preference and direct negotiation for China including the China supplied DMU for Kelantan. However, the personal manner the KSU reacted to criticisms negated any positive message from the launch. 

MoT may have gone to the extent of attempting of forcing a blog to take off their posting.

Monday, April 12, 2021

Will court fairly disqualify Gopal Sri Ram?

After much excuses and typical lawyer's wiggling, Dato Gopal Sri Ram failed to produce a letter to prove he was authorised as Deputy Public Prosecutor to represent government in the Datin Sri Rosmah Mansor's "solar project case".

This happened at the Court of Appeal last Thursday, but was conveniently not given coverage by media.

Gopal tried to wiggle his way out from producing the letter last week with the excuse he cannot give a copy of the letter to the defense team and claimed it is confidential.

The defense team then countered back. If he cannot give it to the defense, then show to the judges. The judges agreed. The court took a break as Gopal had to get the letter before the court. 

When court resume few hours later, he produced a letter signed by current Attorney General, Tan Sri  Idris Haron. It is not signed by former AG Tan Sri Tommy Thomas in which he was the AG at the material time the case started.

Will the increasingly seen as bias court process against "KlusterMahkamah" finally do justise and act fairly and professionally with integrity?

Wednesday, April 07, 2021

Fair comment from MoT on KTM direct nego, but still raise questions ...


Ministry of Transport managed to neutralise the carbotage issue, which denied Malaysia access to Facebook Internet cable link-up to North America, with the announcement ECRL will revert to earlier planned route albeit RM5 billion cheaper.

However, latest reply by MoT to direct nego issue for KTM's 10 electric train for its ETS service is raising more questions.

Malaysiakini reported "MOT defends decisions to buy 10 trains through direct nego". An excerpt reads:

Monday, April 05, 2021

UniKL RM350 million reserve attracts insects to replace educationists

MARA officers and 5 exco members in UniKL are the new target for dismissal by politicians and wannabee politicians in MARA Corp. 

Free Malaysia Baru, a PPBM back website wrote a summary of wrongdoings in MARA during the days of Pakatan Harapan dan Dato Shafie Apdal at MARA Inc. as though the current team is the saviour.

It is no surprise because FMB was the website that launched the attack to recently unceremoniously and unjustifiably removed MARA Corp CEO Dato’ Badlisyah Ghani and his management team of reputable professionals.

Prior to the unlawful dismissal, other blogs were used to discredit Badlisyah and his action for bringing in experienced and leading professionals in their field into MARA Corp. 

The same modus operandi will be used and their gun is aimed at personnal in UniKL. The intention is obviously for PPBM politicians and wannabe politicians in MARA Corp to wrest control of MARA’s crown jewel. 

It is not because UniKL is a private university with number of students more than any IPTA. And, it is not because UniKL has built a history of developing the institution from conceptual to achieve internationally recognised educational milestone. Most likely than not, the RM350m reserve of UniKl is like sugar and honey attacting ants and insects.

No wonder the new Uncle Don owner, Dato Megat Shahriman once passed a remark to throw the UniKL CFO out from the top of Menara KL. Apparently, he owned and managed the revolving restaurant at Menara KL. 

Friday, April 02, 2021

Destini MRO: Why only shopping for companies now?


Since this blog's March 14th posting, "Railway union up in arms as KTMB awaits new Chairman", been pondering over the crux of the issue behind the Railwaymen Union of Malaya (RUM) concern or more precisely opposition to KTMB's MRO Joint Venture with Destini Berhad. 

After a while, it was noticeable that the only significant media coverage was by Edge Online's Destini's JV announcement with KTMB in late February. The other being Union's reaction few days later to  oppose and call for MACC investigation. 

No other media coverage and public discussion of the deal. Most glaring, but unnoticed by media, is the absence of announcement from KTMB or any media coverage from KTMB's side on the 70:30 JV favouring Destini. 

It was neither mentioned in the poorly updated News section of KTMB website here nor Ministry of Transport website here. All silent .... none in their press release or announcement, and not even on their social media.  

Strange, truly strange.

Monday, March 29, 2021

For political stability, UMNO and BN standalone

The underlying reason behind UMNO's decision to go alone was lost to the "garang" undertone and overemphasis on politics and 15th General Election by the speakers at the UMNO General Assembly.

UMNO President Datok Dr Ahmad Zahid Hamidi cannot be solely blamed. 

Since losing GE14, the General Assembly is no more the platform to set the direction for the Malays and nation. And since Pak Lah's Presidency, the opening address stopped playing the role as agenda setting for the Malays. 

More so, the pandemic limit any role the GA could play. 

Saturday, March 27, 2021

Jangan berbicara tentang Perpaduan Ummah dengan UMNO jika "sebenarnya anti perpaduan Melayu" - Mohamad Hassan

".... kita akan melihat perpecahan jika konsep perpaduan bangsa Melayu itu ditafsirkan dalam konteks politik semata-mata."

Teks Ucapan Perasmian Wanita, Pemuda,Puteri UMNO – Datuk Seri Mohamad Hasan

Para perwakilan sekalian,

1. Saya sangat berbahagia dapat bersama dengan semua perwakilan Wanita, Pemuda dan Puteri pada pagi ini.

2. Dalam gawatnya pandemik ini, Allah SWT terus mengizinkan kita berhimpun untuk melangsungkan urusan parti dan negara.

3. Maka marilah kita memanjat setinggi-tinggi syukur dan pengEsaan kepada Allah SWT yang Maha Mengasihi dan yang Maha Mengetahui atas semua yang telah ia aturkan kepada kita.

Tuesday, March 23, 2021

Zeti, Ambank, Goldman and Jho Low colluded for a bite of 1MDB bond

Prior to the commencement of the operations of Terengganu Investment Authority (TIA), the Sultan of Terengganu summoned a then renown corporate figure to the Istana Terengganu off Jalan Tun Abdul Razak in Kuala Lumpur.

The TIA scheme put together by Jho Low was to capitalise the future cashflow of Terengganu Wang Ihsan oil revenue by raising more capital through  the issuance of bond to undertake investment. 

The money raised by Ambank through the 1MDB bond issuance was supposed to be invested into Petrosaudi. However, part of the money was redirected into a bearer owned company, Good Star Ltd controlled  by Jho Low. Amhari admitted during the SRC trial that he registered Good Star and is the beneficial owner.   

The 1MDB-Tanore case against Dato Najib is on the allegation the RM2.3 billion donation into his personal account came from Good Star.

The Tan Sri flipped through the paper shown to him by the Sultan and commented it looks dubious. 

The Sultan's subsequent action to the comment is not known till yesterday's posting by Facebooker Lim Sian See. She gave a perspective by linking current development to past news report. 

LSS disclosed Sultanah instructed to stop the bond issue, but it still proceeded. That could have explained why federal government tookover TIA entirely and turned it into 1MDB a year or two later.

Saturday, March 20, 2021

KTM rail contracts on silver platter for China

Rocky Bru here suggested the Railwaymen Union of Malaya (RUM) take up their case with Minister of Transport, Dato Dr Wee Ka Siong and Prime Minister, Tan Sri Muhyiddin Yassin. 

One of their many grouses is China. In January, RUM President Abdul Razak Md Hassan warned government to stop the flood of China trains. The union repeated the same call to protest a plan to purchase the problematic Locomotive Dalian and Six Car set (SCS) trains. Razak claimed most China purchases were not made on open tender but direct negotiations.  

Their concern against China dates back to the days of BN. When PH came to power, they look towards new Minister Anthony Loke with the hope of change. PH's campaign tagline "selling the country to China" in their GE 14 campaign was appealing. 

Subsequently, Loke began an make about turn in 2019. He was overly excited and today, still is over China's promise to assist Malaysia to build trains and  rail equipment hub South East Asia.     

Despite PPBM uttering the same campaign tagline, there was no change in policy when the took leadership of PN government. 

Late last year, MoT is believevd to have invited a China company to submit a proposal for Electrical Multiple Units (EMUs). A case of specifications tampered was found.

Thursday, March 18, 2021

Najib can afford a smile of relief

After few years of disappearance, the lady facebooker, who defended 1MDB galantly, Lim Sian See has returned to the social media. Her latest is on US goverment blocking Dato Najib access to court document related to Goldman Sach admitance to giving bribes to 1MDB and government officials.

Soldier such as former JASA officer, vocal and combative, Tun Faisal turned his back to attack Najib, openly collaborating with PPBM to topple Dato Zahid Hamidi, and not shy to support UMNO-oppressing Tan Sri Muhyiddin and his Perikatan Nasional government.

LSS remained steadfast and loyal to the cause than the many other Melayus. Recently she wrote her view on SRC for the upcoming ppeal date. (reproduced at end of this posting). Could her re-emergence be a sign of renewed confidence for Najib as he faced the harassment of legal charges?

Last Monday, Najib can afford to smile in court on the AMLA related court application involving the police raid against him from the night of the first Ramadhan in 2018. Its giving police, MACC and prosecutor quite an embarassment.

Zeti expose, Goldman Sach case in US, Ambank fines, and the AMLA cases against UMNO, few divisions, and leaders are showing it was political persecution all along.

Tuesday, March 16, 2021

Rumour of SC raid douse frenzy on Dataprep shares


Malaysia Focus dubbed Dataprep as a rags to riches story for 2021 in their article yesterday that it caught the attention of a PLC CEO of an IT company yesterday. According to the Edge Online, the shares went up by 23 times in a mere month. 

Regulators cautioned investors because a mere collaboration to provide solution for Covid-19 screening without sufficient details provided is nothing to go crazy over. The frenzy for few more days gave rise to the suspicion there was insider trading or market rigging. 

That led Malaysia Focus's expressed concern as to "how the information communications technology (ICT) firm is able to emerge unscathed from the claws of the market regulator." A quick check and taking account of political development leads to the suspicion that it is a money laundering exercise to cleanse black money for political operations. 

It could be linked to MPs jumping ship to support Perikatan Nasional, more so involving those dubbed in the political circle as "a cartel member". If not to camouflage, why then would a certain leader be making unnecessary press statement this evening?  

Sunday, March 14, 2021

Railway union up in arms as KTMB awaits new Chairman


At the end of February, media reported the recently removed Menteri Besar of Perak, Dato Seri Ahmad Faizal Azumu was tipped to be the new Chairman of Keretapi Tanak Melayu Berhad (KTMB) to replace Dato Rameli Musa.  

However, no formal announcement has yet to be made. The official Facebook for the Railwaymen Union of Malaya (RUM) asked on March 6th as to why Faizal has yet to to accept his appointment. Faizal told media he will be meeting Prime Minister Tan Sri Muhyiddin to discuss the appointment

For Faizal, or casually referred to in the political circle as Peja, he may have the Prime Minister's ear, but he does not exude the confidence to provide the leadership to overcome KTMB's dramatic drop in revenue, rising liabilities, and even late salaries paid.  

Peja's appointment is seen by political pundits as Muhyiddin pacifying his Deputy President, who was removed as Menteri Besar at the behest of the Sultan of Perak. He was suspected of blatant involvement in the rampant sales of state land, but there is no such opportunity in KTMB since it holds no land or rail assets.  

He will also have to content with RUM, a union known for being aggressive but short of militant. The union is vehemently opposed to the new CEO appointed by Minister Dato Dr Wee Ka Siong, against Destini-KTMB JV to do MRO, and up in arms with MoT's preference for China's CRRC

Friday, March 12, 2021

Syed Naquib on "Kalimah Allah"


General Election must be around the corner because explosive inter-racial and inter-faith issues are in vogue and returning to the public sphere.

Latest is High Court decision by Muslim Court of Appeal judge, Dato Nor Bee binti Ariffin for Christians to use "kalimah Allah". 

Justice Noor Bee's decision, that arised from a legal challenge to police seizure of educational Christian CDs of Jill Ireland at Sepang Airport in May 2008, is challenging a 4-3 Federal Court decision made in 2016 to disallow use of "kalimah Allah" in Christian publication.

The same debate is being revived on the "kalimah Allah" issue that dates back to legal attempt by Catholic Church to seek court order in 2009 against Home Ministry confiscation of Malay printed material by Catholic Church publication, The Herald.

Dato Najib attempted a solution to the interfaith impasse that put differences in religous practises and interfaith attitude between East and West Malaysia into question.

However, he could not because court process was on-going. 

Thursday, March 11, 2021

TH CEO bites the dust, 10,000 additional Haj allocation?


Since the Pak Man Telo expose by Facebooker Salahuddin Hisham on March 2nd, 2021, Lembaga Tabung Haji have been absolutely silenced without a response.

Its a clear cut case of non-distributable income being given out, which current LTH CEO Dato Nik Hasyudeen used to accuse previous management of doing a Ponzi scheme-like operations.

In this age of social media openness, which used to be led by blogs, keeping silence is not an option for Investor Relation or Corporate Communication people, more so management. 

Issues will not go away and gets buried. These days getting someone on WA group to deny, "It's not true" is not good enough.  

More so with extract of documents provided. Made possible by technology to enable easy distribution of image, text, audio, and video. Proudly to say, if it is written in this political economic blog, it does get at least attention from its modest number, but yet influential followers. 

Perhaps, this blog can claim to be an Industrial Relation blog too. Nik Hasyudeen will not be preachy anymore in his way to evade hard questions. He was given the Donald Trump reality show ending. 

Sunday, March 07, 2021

Tabung Haji reduced to a Ponzi Scheme


In the previous postings, curiosity on the trading of Top Glove led to suspect that EPF's surprising return of 4.9% to 5.2% could be either a Ponzi scheme like operation to discourage withdrawal or the return from script lending to foreign funds to short shares and bash the Malaysian market down

Investopaedia described Ponzi scheme as below: 

A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.

Back in April 6, 2019, the current CEO of Lembaga Tabung Haji (LTH), Dato Nik Mohd Hasyudeen Yusoff tweeted in Malay to be translated as:

Remember the Pak Man Telo scheme? Why is this scheme wrong? It pays dividend from deposit it collect, not from the profit as per their claim. Similar in meaning, right?

Now that he is CEO of LTH, he is probably doing exactly it.  
 

Friday, March 05, 2021

Is Agong shareholder of Green Packet?


On February 8th, it was announced that DNex won the bid for Silterra. [Edge reported here] An announcement was made to Bursa Malaysia [Read here] Local media reported positively for Silterra to remain within local hands. [Read Dagang News and Berita Harian here and here, respectively]. 

After a long struggle, it is encouraging for DNeX, a company controlled and spearheaded by professional Bumiputera professionals and technocrats together with their China partner to hopely do another turnaround success story such as Proton and Geely. 

Decison had to be made by January. Khazanah considered DNex proposal to develop local semiconductor industry through its Wafer fabrication. 

Apparently, Green Packet have not given up and could be behind recent attempt to foil the already officially announced decision. 

Do they have Agong as shareholder that they could still attempt to reverse the officially announced decision?    

Thursday, March 04, 2021

Did EPF lent shares for foreigners to short the market?

Stupid or something fishy?

That was the comment on the Facebook Group Citizen Voice to this blog's yesterday posting, Why would EPF be selling out Top Glove?

Zam Yahya's comment to question the dividend announced for 2020 remained on the back of many astute professional investors and market traders. 

The fact that almost 40% of the portfolio is stuck in equity for salvaging the crashing market from loss in investors confidence after GE15, the balance 60% in cash, money market and bonds need to make up for the substantial shortfall from equity return throughout 2018, 2019 and 2020.

That portfolio cannot make up for the poor dividend and capital loss. Zam Yahya fairly estimate should be about 4%. EPF under former CEO Tengku Alzakri Alias may have found some innovative ways to generate return from the equity portion to get 4.9 to 5.2%. 

One possibility is to do shares lending for foreign investors to short the market. That would have detrimental effect on the Malaysian equity market. 

Wednesday, March 03, 2021

Why would EPF be selling out of Top Glove?!


Top Glove Berhad shares closed out at RM4.75 per shares yesterday. From a one year horizon double peaks at above 9.50 in August and October 2020, the shares seemed to be on a downtrend. 

This is not believable because the six glovemakers are sitting on a pile of cash, order books that takes it to 2023, and could afford giving money to government effort to combat the Covid 19 pandemic. They are diversfying like crazy and buying properties on the cheap. 
     
Among reason cited was the worldwide vaccination and puzzle over the cash raising exercise for fear of dilution. On the contrary, a month or two ago, a market player was flabbergasted over shorting by foreign players. There was an opportunity for a short squeeze but was aborted due to developments. It adds to the curiosity. 

One explanation for this behaviour is probably EPF. They have a bit more than 6% direct interest in Top Glove which is equivalent to about 492 million shares. Sometime ago, they had 8%.

EPF were actively transacting in the market. [Refer to Bursa Malaysia's company announcement here]. From the series of transactions in February, they seemed to be net buyer. 

Here is the surprise bit of information. It is "reliably informed" that EPF is selling out and Singapore is buying at market dip. Apparently, a Singapore government institution is buying a strategic interest. Do they know something EPF do not know?

Thursday, February 11, 2021

Wishing a hopeful and safe CNY


Its the second day for the relaxed MCO for dine-in eateries. 

If all is relaxed, might as well call it CMCO. Still figuring out the need for emergency since talk.of a June election is in the air. What a farce! 

Today one member of the breakfast group was missing as he attended a temple ceremony. Only knew, he lost his first born to Covid.

Its Chinese New Year's eve and family dinner is this evening. So it would be a sad New Year for him and his family. Its been a sad and dreadful year to many.

Still it is not just about being customary to wish good tiding for the occasion, but also an expression of hope that the present predicament to our health, livelihood and disrupted life will come to an end.

We are wishing all friends and readers, Xian Kwai Ler. Gong Xi Fa Chai. Happy New Year.

Please be safe.

Monday, February 01, 2021

Allegation linked to S'ngor royal, questions on Covid stat as rumour of Conference of Ruler meeting

Last Thursday's posting on six corvette contract for RMN has yet to be answered by Istana Negara media. Perhaps their approach is to ignore and hope it would die down. 

Rumour going around that there is a Conference of Ruler meeting for tomorrow Tuesday February 2nd. It partly explained for SteadyAku47 timely release of division among brother rulers on the decision for emergency and his motivation to update on the contract and revive decade old exposes. 

According to SteadyAku, Sultan of Selangor is in agreement with Agong on the emergency decision. Consequently last week, it was exposed that Penjana Kapital VC Fund are being managed by Fund Managers linked to the Selangor royal household. 

Penjana denied the accusation, but held back from providing any information to dispute the revealed information to instead resorted to legal threat. That is suppression rather than engagement and explanation. It does not discredit the revelation but raise more suspicion.  

There are questions being raised on Social Media on the methodology or precisely the transparency of the escalating Covid number that has reached above 5,000 and Director General Tan Sri Noor Hisham Abdullah forecasted to reach daily level of 8,000 for March 2021. 

Is that to scare off the apparently more number of sceptical brother rulers to support Agong's decision for emergency and albeit save the premiership of Tan Sri Muhyiddin? 

Thursday, January 28, 2021

NGV Tech expose: Not "derhaka" then, "derhaka" now?


Since the proclamation of the emergency by the DYMM Yang Di Pertuan Agong Sultan Abdullah Ibni Sultan Ahmad Shah, ("Agong"), "derhaka" label have been conveniently labelled to anyone raising views not favouring the emergency measure or to seek any request from Agong. 

There is no legal definition for "derhaka", but conveniently applied to suppress debate and discourse. Its a referee's red card to have final say without any dissenting view. The 1990 edition of Kamus Lengkap by Pustaka Zaman translate it as "unfaithful, disloyal, traitorous, treacherous" and derivative words could mean "treason, rebel, betrayal". 

Undoubtedly, declaring emergency is the prerogative of Agong, but the fact that it is on advise and practically at the request of the Prime Minister, there should be room to raise issues against the executive branch. More so, Agong's declaration has room for Parliament to be in session since constitution is not suspended and Parliament not dissolved. Constitutionally mentioned personal liberties remained relevant. Left to Agong to make the wise and fair call.   

In a 3-series posting by Melbourne-based Malaysian blogger, Steadyaku47, it is creating a disturbing undercurrent and reviving past events. The claims and accusations are serious, but it has been widely reported in the business, and shipping media as well as military watch websites.

There was no labeling of "derhaka" then. Would it constitute as "derhaka" to discuss it now?  

Thursday, January 21, 2021

MDEC mass resignation, MARA Corp too?


Malaysia Reserve broke the news yesterday of MARA will have to pay heavy compensation to dismiss Dato Badlisyah Ghani as MARA Corp CEO and 20 team leaders hired to developed the sectors indentified in a paper presented to the previous Prime Minister by Majlis Perundingan Melayu.  

The seriousness of PPBM-dominated PN government and the Minister-in-charge, Dato Dr Mohd Latif Ahmad will be in question for this crucial Bumiputera initiative. In their run-up to the 14th geneal election, PPBM had heavily criticised Dato Najib Tun Abd Razak as foresaking the Malay development effort in his national agenda.  

Apparently, the Board of Directors of MARA Corp made a decision, but kept mum to await MARA Council decision, in which a member, Dato Jamelah Jamaluddin and MARA Corp Directors, problematic Dato Suhaili and uncouth Dato Seri Megat Shahriman are pursuing for dismissal. 

More on them to come.   

If the dismissal goes through, murmurs on the ground is that one money generating subsidiary will see a major exodus for greener pasture and it could financially crippled MARA Corp. As it is, there was a petition by staff demanding no political interference in PMB Investment.   

Its been awhile since this blog gave any update on MARA Corp as information are being gathered to expose an insidious political motivation and unscrupulous intentions behind the moves and political interferences.

This morning yours truly was alerted by another mass resignation at the Malaysias Digital Economic Corporation (MDEC) led by the former Political Strategist of PPBM and key Tan Sri Muhyiddin Yassin man, Dato Dr Rais Hussin.  

Friday, January 15, 2021

Emergency proclamation: Political or Real?

The move by Prime Minister, Tan Sri Muhyiddin Yassin to seek DYMM Seri Paduka Baginda Yang DiPertuan Agong to proclaim Emergency is being seen with sceptic eyes. Undoubtedly, the power to proclaim lies with His Highness, and in an earlier attempt, His Highness did deny the executive request for an emergency. 

The power of Agong is not in question, but the request and advise strangely came after Muhyiddin announced MCO a day before Agong made the Emergency Proclamation for the same health purpose. Its applying two laws for the same and single purpose. 

The discussion will not end and it will continue to be discussed from the perspective of the law, politics, economy, government performance, effectiveness of PN as government without majority support, and Muhyiddin and the psyche of his party PPBM.

If done correctly and fairly, Emergency could be made to good use to reset the country on to the right path but the authority and leadership must be given the right people.   

Sunday, January 10, 2021

Can Annuar Musa tame the overwhelming sentiment against Muhyiddin?

Tan Sri Annuar Musa tried to playdown the overwhelming number against Division against continuing  the relation with PPBM. He claimed the number is only 100 and a few of his government and PPBM paid cybertooper claimed it to be 98. 

It does not change the fact that only Dato Shahidan Kassim representing Perlis was silenced in the UMNO Political Bureau meeting as other state liaison chief pounded away endlessly on their complaints against PPBM. 

There were few Division leaders not wanting to commit to breaking ties with PPBM, but as one leader confided none dare go against the overwhelming tide at the division. This include Vice President and Bera Division head, Dato Seri Ismail Sabri.  

The UMNO grassroot tsunami is nationwide! 

Friday, January 08, 2021

Silterra sales: "Cina" colluding with "Cina", Khazanah colluding with Green Packet


Khazanah Nasional was supposed to have finalised a decision on the sale of Silterra in December 2020. All the cards are already on the table. They should decide based on what's available. 

However, nothing is forthcoming from the Board of Directors of Khazanah chaired by Prime Minister Tan Sri Muhyiddin and include senior position members of cabinet. Why the indecision? What's the ulterior motive behind such unprofessional and unethical conduct?  

In a December 30th article, Emmanuel Samarathisa exposed in a subscription based news portal, The Malaysianist that the Board is under pressure to sell it to local but mentioned Green Packet's MACC investigation proves a hinderance. 

The latest talk reported by NST claimed that Khazanah giving more leeway to give Green Packet more time to firm up their financing. It means their so-called Bumi Fund is not for real, mere hype and not raised money to finance the Siliterra purchase. The decision should be to reject. 

Green Packet was brought in by Khazanah's Goh Ching Yin just about the time the sales to DNex was supposed to be inked after three years of collaboration to put together a comprehensive plan. Goalpost was conveniently changed and even possibly changing certain condition to enable the sales. Now a time extension. 

It turns out there is collusion between key personnel of Khazanah and Green Packet. What is going on, MACC? What happenned to investigation? KIV?

Tuesday, January 05, 2021

Tajuddin Rahman replied

Early yesterday, Malaysiakini here reported MACC raiding on Prasarana office. Contrary to many suggestions to Chairman Dato Tajuddin Abdul Rahman, he went through with the press conference late afternoon yesterday. Video of the full PC above. 

Before the press conference, Tajuddin responded privately through a friend on the status of his daughter's company contract with Prasarana as raised yesterday. The contract was awarded before he became Chairman.  

Tajuddin responded to accusation with regard the status of Prasarana Group CEO and payment to MRCB-GK. He confirmed Muhammad Nizam Alias is undergoing suspension for insubordination. Nizam has replied to the enquiry and due process is being carried out. 

Monday, January 04, 2021

Wrong answer and Tajuddin Rahman could be another Zeti


Most politicians appreciate the transparency, no holds bared revelation, and whistling blowing by social media, blogs and online sites. Dato Azeez Raheem once complimented them as Jabatan Netizen. 

Jabatan Netizan could be anybody from any walks of life, but the deadliest whistleblowing are those comments giving leads to happenings outside the radar or censored by mainstream media or portal with an agenda. 

It attracts more discussions, opening more leads and invite investigation by the more resourceful one. 

However, some dinosaur politician, who refused to change their ways, seemed to not appreciate wrongdoing will get leaked into social media and find its way into mainstream media or major portals. 


Chairman of Prasarana Malaysia, Dato Tajuddin Abdul Rahman have a FB account, but he does not sufficiently appreciate the nature of social media as a fifth column. 

Friday, January 01, 2021

Will 2021 be a better year? And, Zeti make more sense ...


2020 was annus horribilis

Hopefully, 2021 make better sense than Tan Sri Dr Zeti Akhtar Aziz.

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