
MV Mavi Marmara, carrying 800 activists and aid workers for Gazans brutally attacked by Israeli Defense Forces this morning
Freedom Flotilla which sailed from Turkey carrying activists, aid workers and basic aid for the war stricken Gazans was attacked by Israeli Defense Forces this morning. IDF gunships opened fire on the non combattant liner which houses 800 activists and aid workers ranging from 1 year old to 80 year before full battle fatigue Israeli commandos boarded Mavi Marmara in open international waters.
Aljazeera.net report on this vessel which comprises of non combatant activists. No other communications received after Israeli commandos boarded the ship.
Unconfirmed reports stated that Israeli Defense Forces commandos already seized control of six vessels under the Freedom Flotilla mission. The attack on MV Mavi Marmara is thought to be at a location 65km of the coast of Gaza. Official Israeli statement stated that “The Freedom Flotilla violated naval blockade on Gazan coast”.
Since last week, Israeli and New Con Jewish controlled media have been hyping the news that this flotilla is an attempt for provocation against the sovereignty of Israel and Israeli Defense Forces would attempt to stop any aid mission directly to Gaza, for their excuse that aids would enhance position of Hamas. Thus further threaten Jews and State of Israel. Any attempt to reach Gaza would be intercepted and diverted to Israeli port of Ashdod where the activists either deported back to their home nation or face trial and jail in an Israeli prison.
Perdana Global Peace Organisation President Tun Dr. Mahathir Mohamad would be calling for a media conference on the brutal attack at his office in Perdana Leadership Foundation, Precinct 8, Putrajaya at 400pm.
*Updated 1600hrs
All PGPO activists on board MV Rachel Corrie is safe as the vessel is one day away behind this main flotilla which was attacked by the Israeli commandos. So far six Malaysians on board MV Mavi Marmara is safe but the fate of two Astro Awani journalists Ashwad Ismail and Shamsul Kamal is not known.
*Updated 2130hrs
Fourth Prime Minister Tun Dr. Mahathir Mohamad regards Israel as “arrogant and rogue state”. Bernama.com report on Tun Dr. Mahathir’s media conference:
May 31, 2010 21:19 PM
Malaysia Condemns Israeli Raid On Gaza Aid Flotilla
PUTRAJAYA, May 31 (Bernama) — Perdana Global Peace Organisation (PGPO) chairman Tun Dr Mahathir Mohamad condemned Israel’s interception of an aid flotilla bound for the blockaded Gaza Strip Monday.
“I feel very angry that the Israelis have used force against people totally unarmed. I am sure the Israelis will say that these people are carrying weapons. That is ridiculous,” he told a media conference here.
“We have made certain that they are all non-combatant and they come from many parts of the world including America and Europe.
“Their intention is to travel in boats to deliver the supply to Gaza. They know that the Israelis may try to stop them, but we don’t expect the Israelis to resort to such violence as to shoot with live bullets.
“The Israelis claim these people have sharp objects. I don’t know what is meant by sharp objects,” he said.
The flotilla, originally made up of nine ships, was organised by pro-Palestinian groups and a Turkish human rights organisation.
One of the ships, Mavi Marmara, was attacked by Israeli soldiers Monday morning, near Gaza, with two Malaysians — a journalist and a cameraman from Astro Awani — on board and their fate is still unknown.
However, six PGPO representatives who are in another ship, are safe.
Dr Mahathir said his order to the PGPO representatives was to go ahead and pull back if there is warning from the Israeli army.
Updating the location of the three PGPO ships, the former prime minister said they were still in the Mediterranean on the way to Gaza.
He said two ships broke down, thus making them a bit far behind to join the other six ships that gathered in Cyprus earlier.
“It will take at least three days for them (Malaysian ships) to reach Gaza,” he added.
Asked on his message to United States President Barack Obama following the incident, Dr Mahathir said: “He could make promises during the elections like in Malaysia too. Especially when you thought you were not going to win, you made more promises. When you have won, you find that you cannot fulfill the promises.
“I have said this before. I never thought Obama would be able to do anything against Israel because when addressing the American Israel Public Affairs Committee (IPAC), a Jewish lobby group, he was reported to have expressed continued support for Israel,” he said.
Obama had previously said he was promoting a more stable and prosperous Middle East in the United States’ long-term national security and economic interests.
Meanwhile, the Malay Consultative Council and 126 non-governmental organisations (NGOs) will hold a peaceful demonstration and hand over a protest note against the Israeli aggression to the US embassy at 11am Tuesday.
At a press conference here Monday, Pertubuhan Peribumi Perkasa Malaysia (Perkasa) president Datuk Ibrahim Ali said they would also perform “hajat” prayers and hold a “tahlil” session at the Kampung Baru Mosque at 7.15 Tuesday where Dr Mahathir is also expected to attend.
Ibrahim said as Malaysia had no diplomatic relations with Israel, the rally organisers wanted the US ambassador here to pass on the protest note to the Israeli prime minister.
He said Israel had become arrogant and brutal because it was supported by the big powers, especially the US.
“I am urging all Malaysians who condemn such brutality and join our peaceful demonstration tomorrow,” he said.
***********
*Updated 2145hrs
Several Malay NGOs lead by PERKASA, GPMS, Majlis Perundingan Melayu and several others will hold a protest march in front of the US Embassy in Jalan Tun Razak tomorrow, Tuesday 1 June 2010 @ 1030hrs. They are expected to enter the embassy grounds and hand over their protest note by 1100hrs.
The same group would be holding a special tahlil prayer session at Masjid Jamek Kampung Baru after maghrib (1930hrs) on the same evening.
*Updated 2230hrs
Malaysian sponsored aid vessel for Gaza MV Rachel Corrie is steaming full speed ahead towards Gaza despite the brutal attack on the Freedom Flotilla, which saw the killings on board MV Mavi Marmara.
Sime Darby: Its time to move on and forward
The acting Group CEO of the largest plc in Malaysia Sime Darby Bhd. Dato’ Azhar Abdul Hamid met the press and analysts to announce the third quarter pre-audited results of their financial year on Thursday. After making adjustments and provisions of RM 964 million to all the financial scandals which now out in the open, Sime Darby recorded RM 277.5 million loss for the period. The value of net assets per share dropped from RM 3.56 to RM 3.49.
That is expected as Sime Darby board of directors (BOD) announced the much talked about losses from scandalous projects, Bakun, Qatar Project and Maersk Oil Qatar and the summary ‘dismissal’ of Group CEO Dato’ Seri Zubir Mursyid 12 days ago.
Azhar the Sime Darby Plantations boss, now acting Group CEO
In the session to meet analyst on Thursday evening, Azhar spoke about on what actions to be taken up next. Sime Darby BOD complained that they were ‘misled’ by ‘management’ (Zubir) on the three scandalous projects all these while as being, “Cost overrun and ‘variation order’ “. New measures are now being taken on the reporting to the BOD. Two ex-officio BOD members the Group COO and Group CFO would now accompany the Group CEO in BOD. This ‘Troika’ will now have more freedom to report to the BOD on the latest info and take any questions. Of course more tighter controls, which include BOD members sit in one of the five divisions’ committee set up to monitor progress.
The bantering that Sime Darby went these past two weeks will be a really good lesson to learn. As business managers, the BOD and management now are compelled to be very vigilant. The confidence of the stake holders is pertinent to ensure that Sime Darby is allowed to progress and more importantly venture into business operations. Then again, ventures coupled with good strategy and corporate governance is the only way to sustain growth.
In a private meeting after announcing the third quarter results yesterday, Azhar was asked what would be his plan to drive Sime Darby forward, if he is being confirmed at the Group CEO’s job. He would like to drive Sime Darby forward more aggressively and bring much better values for the share holders. For one, he wants to double Sime Darby’s turnover and net income by 100% within 5 years, an ambitious steady growth of 20% per year.
“Why not? We have to aim to achieve”.
This is very ambitious. The fundamentals look convincing. When the global capital market shows positive recovery, Sime Darby would eventually go uptrend. Then again it is all about the numbers. The strong cash position will ensure that all activities could be continued to progress upwards and expectation of the stakeholders are met.
The Group which rely 70% of their income activities from plantations already almost achieving the 1 million hectares land bank target soon. This include ‘greenfields’ abroad, which include 200,000 in Liberia. Within five years, all of these estates would be ready to produce palm oil and making Sime Darby the largest producer in the world. The fact that the current ‘Troika’ comprises of accountants all from plantations background shows how serious they are in focusing on making the Group work.
“We have to balance on our plantation projects. ‘Brownfields’ could be pricey but at the right price, it will bring almost immediate returns. Sometimes we have to sacrifice profits now for bigger profits after five years. That is why we need a good strategy and execution planning”.
Growth is also set on the motor, industrial and properties divisions. The motor division is set to be a major player. Being the largest property developer in the country, they now aspire to be the best with innovative products and probably significantly change the Malaysian home style and home dwellers behaviour and lifestyle. “The we will now let home buyers tell us what they want in their homes”.
On the re-development of KLGCC, which upgrade and renovation works which started from a planned budget of RM 80 million and now going above RM 200 million, he justified by stating “We have to offer a golf resort at that level. Now that we have developed the product, its time to sell. Kuala Lumpur needs a golf resort of this stature”.
Azhar would want the managers with Sime Darby to deplore all resources available such capital, processes and market clout to grab business opportunities “We want them to be ‘hungry’ and entrepreneurial in their ventures. This is how we can achieve growth and bring value for the shareholders”.
When talking about new areas that Sime Darby should be venturing into, he said that the conglomerate which merged in the end of 2007 from three plantations conglomerate had already been involved with ‘capital intensive investments’. “We already have too many of these ventures. We should be looking into new areas such as ‘negative capital’ business activities”. It was obvious that he was talking about retail and hypermarkets and there is tremendous growth for the consumer driven cash business. “There are ready markets and consumers”.
It is obvious that whilst all the investigations is ongoing to determine what actually happened and responsible parties be identified, Sime Darby should be charting its course on full steam on recovery and serve the interest of the stakeholders. “We cannot undo what have been done. We now should focus on realising the full value what we can offer, especially being a true Malaysian global conglomerate”.
Azhar is well aware of PM Dato’ Seri Mohd. Najib Tun Razak’s bold New Economic Model of making Malaysia into a high value economy. Realising the full potential and aiming to reach a RM 85-90 billion turnover level by 2015 is his way of translating the courageous plan to move Malaysia forward. When asked about the ‘minimum wage’ being proposed, he said that Sime Darby already paying between RM 1,300-1,600 per plantation worker a month, which include productivity incentives. “Yes, this will bring our cost slightly up but we expect productivity. We have to be realistic on our cost of production, taking in the inflationary factors”.
This ‘value proposition’ is refreshing. No doubt Azhar is new at this, doing it for the Group. However, we are confident that he learn fast. Sime Darby as Group now need to come together and work as a formidable team. He seems to be open to listen and accept new and innovative ideas, including bringing in fresh personalities from outside. He is even open enough to engage new media, which include bloggers, which we find very refreshing.
“Our core values and philosophy remain the same. Our dividend policy is still at 50%”, is very comforting to learn from the person who is at the helm and on top of things, despite a lot obstacles in the way and it is not the best way to take over a steaming ship.
It seems Azhar knows exactly what he wants to do, where he is going, how to get there soon, the ability to realise the full potential of Sime Darby workforce and human capital and realistically understand the limit of all the Group’s resources. Its time to move on and go forward. 8 million ASB and ASN unit trust schemes are dependent on Sime Darby Bhd. going the right way and making the right decisions.
*Updated 0830am