Tuesday, December 09, 2014

"Orang Putih" in Tony looking up to Mueller


That was NST Business Times cover page for yesterday.

With a German airline turnaround specialist coming into MAS, Tan Sri Tony Fernandez's comment as reported by NST was complimentary of MAS and Malaysia Airport. Is Tony F changing his psywar strategy against MAS? Maybe not.

It could be just typical Indian-complexioned, Portugese-named Tony F looking up to an "orang putih" as he idolised the adventurous and weird Virgin Airline's Sir Richard Branson.

Those in Air Asia knows to never insult the boss by wishing him Happy Deepavali.

Oh pleaz... he only celebrate Christmas.

Monday, December 08, 2014

Bina Fikir-conceived PMB lost money too?


Tan Sri Tajuddin Ramli left MAS more than 13 years ago in February 2001 but still gets blamed whenever any negative development on MAS surface. Many forgot that Khazanah had managed MAS for almost a decade and half.

Also forgotten, Tajuddin bought MAS to rescue Bank Negara for Tan Sri Nor Mohamed Yakcop's RM16 billion forex trading losses.

Tan Sri Azman Mokhtar handled MAS as con-sultan for Bina Fikir and proposed the Wide Unbundling Asset (WAU) scheme.

It provided temporary relief but Khazanah poor management under his leadership made losses bigger and bigger. Tajuddin's accumulated losses from forex devaluation pales in comparison.

Over the weekend, business weekly Focus Malaysia unraveled another side of the WAU scheme that was hidden from the public eye.

Bina Fikir-conceived leasing company, Penerbangan Malaysia Berhad (PMB) lost money also.

Saturday, December 06, 2014

Aer Lingus is not part of a woman anatomy


MAS has announced it's new CEO after a global search for one. After 14 years of failure, Khazanah Nasional finally learned that it takes an Airliner to run an Airline.

It cannot be run by a Bank CEO (except for the interim period to effect the financial rationalisation) or a salesman or marketing man, or an Oil and Gas man part timing as Power Point salesman, or an Accountant from PW London or an ex CEO of an IPP company.  

The new CEO for MAS newco will be the current CEO of Aer Lingus, Christoph Mueller. It was announced yesterday as Khazanah's new surprise. [Read Reuters report in Irish Times here.]

From his name, he sounds German but not much is known of him yet. Not much is known yet of what he had done at Aer Lingus. And not much is known yet of the relevence of his experience at Aer Lingus to turnaround MAS.  

Since MAS was one of the major global player in world aviation, Malaysians may not be familiar with the name Aer Lingus. For sure, it is not part of a woman anatomy.

Friday, December 05, 2014

Criticising without reading


The RCI report was released on Wednesday.

In Berita Harian today, we only read on the whereabout to get the report and it's price. Getting a copy is quite a task, yet many were already with their criticism, particularly opposition leaders on that Wednesday itself.

It is impossible for them to finish reading, comprehend it's content and comment on the thick more than 350 pages report in a matter of hours or minutes.

That is unless they have closed their mind to the fact gathered by the RCI and are dead-set to brand the guilty party without any need for proof to convince otherwise. If that is the case, what is the point of having the RCI?

The panel on RCI were independent and had the integrity. Prior to the RCI hearing, there was no objection raised on the panel members by any parties.

The least they should do is to read it first.

Wednesday, December 03, 2014

BARUA Council election, neither UBAH nor BERSIH


On Monday, The Star here reported members of the Bar Council "calling for a clean and transparent Bar Council election". BC was requested to "take heed of its own advice to the Election Commission to reform the electoral process."

BC has "yet to reform its electoral process" but was actively supporting BERSIH. This is not the first time BC is being questioned for it's electoral process. [Read this blog posting dated November 2012 here.]

In one of our social media groups, the BC election had been a hot topic for many months and the outcome had long been suspected.

Tuesday, December 02, 2014

Khairy's deft touch


Thus far, Khairy has shown that he has the ability to understand problems and issues, generate new ideas and command respect of people his age group. However, he has yet to deliver.

Before any of his cybertrooper come calling us Bangang, please do not argue organising of events or looking cool like any youngsters as part of his success. These days all one need to do is to have money and pay good event managers. Delivery for Khairy is to get results from his engagements. 

Politically, Khairy has come of age. He is listening and sizing up his move well. He seemed wiser in his views. As one Pak Lah supporter and this Dato happen to be related, there do not seem to be any other choices left. At least, that was how he seemed to be at the recent UMNO General Assembly.

He had been voicing for the "peremajaan" UMNO agenda but upon hearing the debate, he was quick to reposition himself. So the interpretation of "peramajaan" is neither turning UMNO into adolescent teens nor emphasis on more youth leader but rejuvenation.

Deft touch by Khairy.

Monday, December 01, 2014

Was Malay economic inequality discussed at the UMNO General Assembly? [Updated]


An activist send us a message containing issues of inequality which UMNO need to address. We forgot to pass the message around to the right people so that it will be debated. Anyway it is a wee bit late to get it passed by Jawatankuasa Usul.

Just wondering whether it was discussed and debated at length in the assembly. In Tan Sri Muhyiddin Yassin speech, he quote the issue raised in a new book, "The Colour of Inequality." If not deliberated, the call for "Hidup Melayu! Hidup UMNO!" and talk to continue to pursue the Malay struggle is only in PWTC halls once a year.

That is what the widespread sceptical view is and not that the view of this blogger "bangang".


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