Dr Rais, another broadcaster soon?

This week is where the telco industry players were busy holding their Hari Raya Open Houses. When the industry players met, they gossip. Top of the gossip amongst them is about a recently issued broadcasting license.

In the grapevine, a brand new broadcasting license was issued by Malaysian Communication and Multimedia Commission last month. The applicant is Nilamas Sdn. Bhd. The license was said to be issued in a very short time. The application is not known by persons who were experienced in the broadcasting business and the technology that is required for it.

One corporate figure has been said to be behind Nilamas. Dato’ Kenneth Eswaran, is the name that keeps cropping in this case. Eswaran was a corporate name of the 90s when Benta Plantations is mentioned. The game was logging and property development. Technology and ICT was

Kenneth Eswaran, then a newcomer to the corporate scene, bought into Benta Plantations Bhd via a reverse-takeover, acquiring 31% of this company and 28.1% of Mun Loong Bhd. Eswaran’s partner, who owned a further 30% of Benta, is Haji Ishak Ismail, of Idris Hydraulic. Benta changed its name to Best World Land Bhd and, in 1994, Eswaran was reportedly interested in a 250,000 ha timber concession in Southern Laos and was expected to sign a deal with the Laotian authorities at the beginning of 1995 and to undertake logging activities during that year. The concession would allow logging for 6 or 7 years.

Eswaran was reported to be setting up a new company, with both the listed vehicles in which he was involved (Benta—now Best World Land—and Mun Loong) investing 55% and 45% respectively in the new company. Total investment in the new concession was to be about RM 60 million (USD 24 million). Because the timber business was new to these companies, Eswaran was believed to be scouting around to hire timber experts.

Best World Land Bhd sold its equity in Mun Loong Bhd at the end of 1995 for a loss, reportedly in order to concentrate on its core business of property development. It is not clear whether the Laos deal was successfully concluded or not.

A name associated with Mun Loong Bhd was then former Assistant Governor of Bank Negara Dato’ Nor Mohamed Yackop. Later it became Abrar Corporation Bhd and that story is a dog of different fleas.

Technology and ICT was never Eswaran’s ‘cup of tea’. At the moment, he is President of Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI). Word has it that he is “Very connected to the PM”.

How and why MCMC issued a fresh broadcasting license is not too clear. Probably the Minister-in-charge Dato’ Seri Utama Dr Rais Yatim could explain why this application was processed in record time and most of all, what is the business plan for Nilam Emas.

It is important for consumers to understand as active broadcasters such as Astro and Unifi are already giving consumers the agony of choice and not too long ago, MiTV failed with their cable TV project. As far as we know so far, they have been going around hawking the business plan for financing programs from banks all over town. A certain ‘note’ from a certain individual is said to be accompanying these proposals for Nilamas financing.

Is Eswaran a credible name for broadcasting business? That, the Minister got to explain also.

Published in: on September 23, 2011 at 10:00  Comments (6)  

The URI to TrackBack this entry is: https://bigdogdotcom.wordpress.com/2011/09/23/14377/trackback/

RSS feed for comments on this post.

6 CommentsLeave a comment

  1. bro bigdog, I think anyone with plenty of cash is credible, as long as they can find the right people both in technical and management to run the organization …

  2. Shouldn’t more players the better for consumer? Astro is a monopoly (Unifi is not much of a competitor), and a blood sucker. When their margin drops, they just increase the price to consumer…..easy money.
    Management bonus keep going up. I would like to see a strong competitor to Astro and will change provider immediately if I have one that meets my requirement.

    The only concern we have with this new guy is…was there corruption going on. Any tax payer’s money involved?
    Any indication of these happening?

  3. BigDog,

    Heard a name synonymous with Nor Mohamed, also a proxy someone very close to Rais; Faris Najhan Hashim.

    He was with Nor Mohamed in Abrar Corp days, then Mun Loong.

    He’s also the CEO of Magik Telecoms, where the owner is Desmond Looh. We all know who Desmond Looh is to Rais!

    Pls also look into Maju Nusa Sdn Bhd. which in record time got a whole range of llicenses from MCMC; NFP, NSP & ASP!

    A very interesting tale, to be looked into.

  4. Ini berkenaan isu perjanjian Air Asia dengan MAS dan tidak ada kena mengena dengan kontroversi ucapan LGE kpd stesen radio di Australia.

    Ketika isu tersebut dibahaskan di dalam blog ini, saya menegur si tuan punya blog kerana mederhaka kpd Tun kerana bukan sahaja dia mengkritik perjanjian tersebut malah dia cuba “mengspin” kononnya Tun juga turut menjadi pengkritik.

    Akan tetapi saya telah “dibelasah” dengan teruk terutamanya oleh pengkomentar tegar kerana mereka memberi alasan kononnya Tun sebenarnya bercakap secara sinis.

    “On August 10, 2011 at 09:48 Average Joe said:
    Quote: “Jgn nak mengspin. Kalau Tun setuju siapakah kamu untuk membantah? Adakah kamu ni lebih pandai dari Tun? Jangan nak mengspin kata Tun untuk mengukuhkan pandangan serong.”

    Pokemon, you and the likes are the ones who have always been spinning Tun M’s words to fit your purposes. Educate yourselves on sarcasm or that you pretend not to understand what Tun M actually means when he said so”

    Sejak dari hari itu saya merasa kecewa dan tidak mahu memberi komen kerana terlalu banyak penipuan yg dilakukan didalam blog ni. Cerita direka, kata disumbat keadalam mulut orang dan orang yg cuba menegur orang lain disifatkan sebagai kurang berpelajaran.

    Akan tetapi pada hari ni, Tun sekali lagi menyatakan sokongannya terhadap perjanjian tersebut . Saya mendesak mereka yg terlibat meminta maaf kerana cuba menipu para pembaca

    “Dr M says fed up with MAS, backs AirAsia swap deal
    By Debra Chong

    KUALA LUMPUR, Sept 27 – Tun Dr Mahathir Mohamad threw his weight today behind the controversial share swap deal between the national carrier and AirAsia despite strong opposition from the right-wing Malay ground and Malaysia Airlines (MAS) staff against Tan Sri Tony Fernandes’ involvement.

    Critics have accused the budget carrier’s ambitious boss of taking advantage of the loss-making national airline to fuel Fernandes’ personal ambitions, the latest being the acquisition of English Premier League club, Queens Park Rangers.

    The national carrier will sponsor QPR’s home jersey for the next two seasons, while AirAsia’s logo will be emblazoned on the team’s away and third kits.”

  5. Ini berkenaan isu perjanjian Air Asia dengan MAS dan tidak ada kena mengena dengan kontroversi ucapan LGE kpd stesen radio di Australia.

    Ketika isu tersebut dibahaskan di dalam blog ini, saya menegur si tuan punya blog kerana mederhaka kpd Tun kerana bukan sahaja dia mengkritik perjanjian tersebut malah dia cuba “mengspin” kononnya Tun juga turut menjadi pengkritik.

    Akan tetapi saya telah “dibelasah” dengan teruk terutamanya oleh pengkomentar tegar kerana mereka memberi alasan kononnya Tun sebenarnya bercakap secara sinis.

    “On August 10, 2011 at 09:48 Average Joe said:
    Quote: “Jgn nak mengspin. Kalau Tun setuju siapakah kamu untuk membantah? Adakah kamu ni lebih pandai dari Tun? Jangan nak mengspin kata Tun untuk mengukuhkan pandangan serong.”

    Pokemon, you and the likes are the ones who have always been spinning Tun M’s words to fit your purposes. Educate yourselves on sarcasm or that you pretend not to understand what Tun M actually means when he said so”

    Sejak dari hari itu saya merasa kecewa dan tidak mahu memberi komen kerana terlalu banyak penipuan yg dilakukan didalam blog ni. Cerita direka, kata disumbat keadalam mulut orang dan orang yg cuba menegur orang lain disifatkan sebagai kurang berpelajaran.

    Akan tetapi pada hari ni, Tun sekali lagi menyatakan sokongannya terhadap perjanjian tersebut . Saya mendesak mereka yg terlibat meminta maaf kerana cuba menipu para pembaca

    “Dr M says fed up with MAS, backs AirAsia swap deal
    By Debra Chong

    KUALA LUMPUR, Sept 27 – Tun Dr Mahathir Mohamad threw his weight today behind the controversial share swap deal between the national carrier and AirAsia despite strong opposition from the right-wing Malay ground and Malaysia Airlines (MAS) staff against Tan Sri Tony Fernandes’ involvement.”
    .”

    https://bigdogdotcom.wordpress.com/2011/08/09/mas-airasia-merger-remake-of-hijacking-of-avenue-capital-2006/

  6. […] of the team, able to join in the bid a month after it officially ended. It was said that one of the active personalities within ABN, goes around claiming to be close to someone who is very close to the Prime […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: