Home Minister affirm Anti Terrorism laws replacing ISA

In a bold move Home Minister Dato’ Seri Hishamuddin Hussein today affirm the need for ‘detention without trial’ element in the new Anti Terrorism laws which have been planned to be tabled at Dewan Rakyat in March 2012. The new Anti Terrorism laws are to replace the much dreaded democratically enacted Internal Security Act (ISA) which was designed to preserve democracy but some people deem it as ‘undemocratic’.

Published: Monday November 21, 2011 MYT 7:23:00 PM

Hisham: New law replacing ISA to include detention without trial

PUTRAJAYA: The new law to replace the Internal Security Act 1960, which will be repealed, will still provide for detention without trial, said Home Minister Datuk Seri Hishammuddin Hussein.

He said detention without trial was also being practised in some countries in the fight against terrorism, such as the Patriot Act in the United States and Anti-Terrorism Act in the United Kingdom and Australia.

“The US, UK and Australia all champion human rights, but they realised that when dealing with militancy and terrorism, they needed to have acts of that nature.

“In fact, there are some Malaysians who are being detained by the US in Guatanamo without trial for many years now. So, please don’t have double standards and we don’t want hypocrisy in this matter,” he said, here, Monday.

Hishammuddin who had earlier attended the Innovaiton Day celebration and the ministry’s monthly assembly, also said that Barisan Nasional, as the ruling government, would be responsible and abide by all new laws to be implemented in the interest of public well-being.

“He have learned from the experience of countries which have abolished such acts without thinking long and they paid the price,” he added.

On Sept 15, Prime Minister Datuk Seri Najib Tun Razak in his Malaysia Day special address announced that the ISA would be repealed and two new suitable laws formulated to preserve peace, harmony, stability and prosperity in the country.

Asked about new elements to be incorporated in the new acts, Hishammuddin said these would include the period of detention, notice to families of the detainees and making appeals.

He opined that they would not be difficult to be implemented as the process of replacing the ISA had begun two years ago.

On the Peaceful Assembly Bill 2011 to be tabled in Parliament next week, he said it was in the final stage of drafting by the Attorney-General’s Chambers. – Bernama

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This is a very wise decision since the ‘war against terrorism’ is a very important security  agenda for Malaysia, not only for its citizens but the nation’s commitment in the multilateral and international move towards making the world a better place. Terrorism, which a cowardice act of barbarism defy every principle of democracy and human rights as a group of individuals and minority forcefully invoke the ideology and wish for power against the the will of the majority.

Often, they intentionally inflict pain to ordinary people who are harmless and unarmed in the most brutal fashion. The victims include old folks, women and children. Private properties also damaged if not destroyed by these acts of terrorism. To the terrorists, these are ‘collateral damage’.

Terrorism is a global problem and Malaysia is committed to do its part to combat this cowardice act of brutal barbarism. These barbaric criminals against humanity are not easily identified and often they live the normal life amongst everyday common people. Like amongst those arrested the recent detention of ‘Terrible Thirteen’ in Tawau for terrorism related activities in Malaysia, Indonesia and Southern Phillipines include religious teachers. Not only these teachers preach their brand of skewed intention to install Ilamic State ‘Darul Islam’, they also use their religious teachings to sow hatred towards Non Muslims and even Muslims who do not subscribe to their narrow ideology.

It is very difficult for Anti Terrorist Agencies such as the Police to apprehend and book perpetrators in this crime and present them in court to be charged under existing Penal Code. This is because their network transcend across borders and the evidence that the security agents posses may not be admissible in court. Even if it is, probably it would be very complicated to build up an iron clad case for conviction.

One of a very important issue about presenting these criminals in open court is the compromise of the security agencies’ network, which include an intrigue web of international covert operatives. Under cover agents may have to compromise their role, cover and most important covert operation in an open court. This would surely jeopardise future operations. Let us not discount the security of the families of these covert operatives.

In the past and even at the moment, the Royal Malaysian Police have used the ISA very well as a very effective anti terrorism preventive tool. Many planned acts of terrorism were managed to be foiled because of the good research and investigative work coupled with the ISA. The Police fully utilised the detention to ascertain the operation, operatives, network and even other future planned acts of terrorism from the detained criminals. A good example is Mas Selamat Kastari, an Indonesian born Sinagporean who was ranked one of the most dangerous terrorist in the region.

This is not withstanding that open court trials are very lengthy and in the quest of justice, other criminals which include their own comrades might find the opportunity to dissipate silent and unnoticed in the cover of their community and go free.

That is not all. When the investigation is over, the Police would use the remaining detention without trial period to rehabilitate these criminals. This is to prepare them for return to society. The Police use all sorts of approach and method to untangle and dislodge the ideology that these criminals subscribe and make them aware of their crime against humanity. It has been said they have an 80% in this rehabilitation program and their experiences, approaches and methods have been emulated by security agencies in other countries.

The Home Minister’s affirmation on the element of detention without trial is a great comfort for Malaysians to continue achieve further progress as these new Anti Terrorism laws would ensure that the Malaysia is free from these barbaric cowardice criminals.

Published in: on November 21, 2011 at 20:35  Comments (2)  

ISA for ‘Terrible Thirteen’: Crimes against His Majesty and Federal Constitution

The arrest of 13 related to Jemaah Islamiah (J I) activities in Sabah recently under the dreaded Internal Security Act is just. They were involved in activities that are clear and present danger threatening His Majesty Seri Paduka Baginda Yang DiPertuan Agong and Federal Constitution. There are forcefully ever ready to use extreme violence in their quest to form an ‘Islamic State’.

13 detained in Tawau most dangerous to M’sia and region

KLUANG: Home Minister Datuk Seri Hishammuddin Hussein said the group of 13 individuals who were detained under the Internal Security Act (ISA) by the authorities in Tawau, Sabah earlier this week were most dangerous to the security of this country and the region.

He said the group of 13 individuals concerned, including six foreigners who were “not afraid to die” and wanted to become martrys, were most dangerous not only to the people of Malaysia but also the whole South-east Asian region.

“This group is not afraid to die and they actually want to become martyrs,” he told reporters after attending a gathering at Felda Bukit Tongkat, here today.

Hishammuddin, who is also the Member of Parliament for Semberong, described the issue on the detention of the 13 individuals concerned as ‘most serious’ and said that they were currently being detained at the Detention Centre in Tawau.

The minister also disclosed that the operation to detain the 13 individuals was carried out by a Police special anti-terrorism unit which also found a large amount of firearms and explosive materials.

He said the quantity of firearms found was substantial and they were from abroad, adding that this showed that this group of individuals was most dangerous.

He also disclosed that the operations carried out by the 13 individuals who were detained involved three countries, but he declined to expose the three countries concerned.

Hishammuddin said the group also used several locations and individuals as their targets.

“It involves three nations and there was a certain country that provided them military training,” he said.

Two days ago, Hishammuddin had said that he had gone to Indonesia to have a closer look at the group’s network in Malaysia and the neighbouring countries.

He said the Home Ministry would go all out against any terrorist activities and did not want the matter to be politicised. — BERNAMA

Read more: 13 detained in Tawau most dangerous to M’sia and region – Latest – New Straits Timeshttp://www.nst.com.my/latest/13-detained-in-tawau-most-dangerous-to-m-sia-and-region-1.8177#ixzz1e94G6a00

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It has been said that these persons are connected to the active bombers in Indonesia. They are found to be recruiting new cadres for their J I related terrorism, especially for activities in the Southern Phillipines. One of the recruting agent which was arrested is a religious teacher. These new recruits were sent to Indonesia for military training which is believed included making bombs. They intend to use Malaysia as one of their regional staging ground. They were also found to be trafficking weapons and firearms from Southern Phillipines for Indonesia and using their Tawau base as a transit point.

It is very important that these terrorists to be apprehended now after surveillance shown their terrorism linked operations are regional operatives. Amongst the thirteen include three Indonesians, two Indonesians with Malaysian permanent residence status and one Filipino were detected actively operating in Sabah.

This group is part of a bigger J I terrorist group still active operating in this region. In the past terrorists linked to J I are responsible for bombings in the region particularly in Indonesia. The Bali bombings in 2002 (again in 2005) and Jakarta Ritz Carlton and JW Marriot bombings in 2009 are renowned examples. A notorious J I terrorist Mas Selamat Kastari was arrested near Johor Bahru in May 2009 after slipped away from Singaporean ISA detention centre in February 2008.

The most wanted man in SEA: Mas Selamat Kastari in different looks

It is expected the six Indonesians would be deported and handed to the Indonesian authorities when the Royal Malaysian Police experts on terrorism are through with their investigation.

Suhakam called for their release as this is deemed as violating human rights as all of the 13 were arrested and now being detained without trial. We are not sure whether Suhakam consider these ‘Terrible Thirteen” as very dangerous, not only to Malaysia but also regional and global security and war against terrorism.

Home Minister Dato’ Seri Hishamuddin Hussein was quick to respond to Suhakam:

The dreaded ISA is being used for the arrest of the ‘Terrible Thirteen’ as there is no other effective apparatus to deal with such tedious crime against humanities. ‘Democractically-enacted-law-deemed-undemocractic’  the human rights activist dubbed as “draconian” in the past has been proven to be a very effective tool for the war against the terrorism and crimes of humanities. The ISA is still being enforced and has not been revoked till the new laws announced by Prime Minister Dato’ Seri Mohd. Najib Tun Razak on the eve of 16 September 2011, come into force sometime middle of next year.

Would human rights activists which include Suhakam and other NGOs be ready to should ownership for any crimes against humanities when these terrorists are allowed to roam free when authorities which include the Royal Malaysian Police are hindered to use ISA as a preventive tool for terrorism?

The ‘rights’ of the majority, His Majesty Seri Paduka Baginda Yang DiPertuan Agong and Federal Constitution is paramount compared to these very evil minority group, which is known to hurt others in their quest for power under their narrow interpretation on what is best for the society.

Published in: on November 19, 2011 at 18:30  Comments (18)  

Gunting dalam lipatan

Sudah terbukti. Walaupun berkali kali penafian dibuat dan malah menegaskan bawah beliau “Akur dengan keputusan dan akan berusaha untuk melaksanakanya, termasuk mempercepatkan proses”, musuh dalam selimut sebenar telah dikenal pasti.

Pada mesyuarat Lembaga Pengarah Koperasi Permodalan FELDA 28 Oktober 2011 di Kuala Lumpur yang telah dibuka oleh Pengerusi KPF Dato’ Dzulkifli Wahab, empat ahli telah di’gugur’kan iaitu Pengerusi FELDA Tan Sri Isa Samad, Mantan Pengerusi FELDA Tan Sri Dr Yusoff Nor, Presiden FELDA Global Ventures dan Pengarah Urusan FELDA Holdings Bhd. Dato’ Seri Sabri Ahmad dan Mantan Pengarah Urusan FELDA Holdings Bhd. Dato’ Seri Mohd. Bakke Salleh.

Ini bermakna, Lembaga Pengarah KPF bawah Pengerusinya Dzulkifli telah mengagalkan rancangan asal Perdana Menteri Dato’ Seri Mohd. Najib Tun Razak untuk memberikan hasil dari keuntungan semua perniagaan Kumpulan FELDA terus kepada peneroka melalui pelaburan KPF yang akan diaggregatkan di bawah FELDA Global Ventures Holdings (FGVH) yang akan diapungkan di Bursa Malaysia seawal April 2012. Sebahagian dari rancangan itu ialah melantik Pengerusi FELDA Isa sebagai Pengerusi KPF dan seterusnya menjadi Pengerusi FELDA Global Ventures Holdings apabila KPF akan memegang 35% dari pegagangan FGVH.

Kemesraan antara Pengarah Besar FELDA dengan Pengerusi FELDA memberikan illustrasi kesefahaman dan kerjasama erat antara pembuat dasar dan pelaksana

KPF telah memaklumkan Suruhanjaya Koperasi Malaysia (SKM) dengan surat bertarikh 31 Oktober bahawa Isa dan tiga lain itu di’gugur’kan dari keahlian KPF mereka pada mesyuarat Lembaga Pengarah KPF pada 28 Oktober. Ini bermakna Isa secara automatiknya tidak akan boleh dilantik sebagai Pengerusi KPF walaupun dengan kuasa kuasa khas Menteri Perdagangan Dalam Negeri dan Pengguna bawah pengecualian Seksyen 87 Akta Koperasi 1993.Dipercayai Dzulkifli yang juga Pengarah Besar Lembaga FELDA mahu kekal sebagai Pengerusi KPF atas kepentingan peribadi. Beliau dalam kapasiti Pengerusi FELDA menduduki Lembaga Pengarah 34 buah syarikat Kumpulan FELDA termasuk anak syarikat KPF dan dibayar RM 600,000 sebagai yuran pengarah dan gaji dan elaun mesyuarat hampir RM 100,000 setahun, disamping gaji sebagai Pegawai Kerajaaan Staff 1. Ini bermakna, beliau meraih hampir RM 1 juta dari kedudukan ini dan ini tidak termasuk kepentingan lain seperti motorkar, perjalanan luar negara yang berbayar dan sebagainya.

Duzlkifli jelas telah berdusta kepada wakil wakil peneroka dalam siri ‘Road Show’ bersama Pengerusi FELDA Tan Sri Isa Samad dan Pengarah Urusan FELDA Holdings Bhd. Dato’ Seri Sabri Ahmad di Kuantan (26 Oktober), Kuala Terengganu (27 Oktober), Melaka (29 Oktober), Trolak (31 Oktober) dan akhir sekali di Kuala Pilah pada 12 November bahwa beliau amat menyokong penuh plan penyenaraian FGVH. Ini termasuk akur kepada keputusan Lembaga FELDA agar arahan Perdana Menteri bahawa jawatan Pengerusi KPF dilepaskan dan Isa dilantik, sebagai menepati program ‘peralihan kuasa’ dan menentukan urus tadbir korporat sebagai gerak-kerja pra-penyenaraian.

Pengarah Besar Lembaga FELDA Dato' Seri Dzulkifli Wahab, Pengerusi Lembaga FELDA Tan Sri Isa Samad dan CEO FGVH Dato' Seri Sabri Ahmad semasa sidang media

Lembaga FELDA dalam mesyuarat pada 25 Ogos memutuskan agar Pengerusi FELDA Tan Sri Isa Samad dilantik sebagai Pengerusi KPF. Ini adalah arahan Perdana Menteri, yang juga Menteri yang bertanggung jawab keatas FELDA.

Dalam ucapan di Kuala Pilah juga beliau menegaskan “Tiada ‘rampasan kuasa’ berlaku” dan “Menjadi tanggung jawab saya untuk mempercepatkan proses (penyenaraian FGVH termasuk ‘peralihan kuasa’ Pengerusi KPF)”. Namun apa yang sebenarnya berlaku ialah beliau mengkhianati amanah dan janji kepada Perdana Menteri Dato’ Seri Mohd. Najib Tun Razak dalam gerak-kerja penyenaraian FELDA Global Ventures Holdings, yang mahukan semua perniagaan Kumpulan FELDA diaggregatkan sekali untuk diapungkan dan apa apa kebaikan termasuk keuntungan dari syarikat konglomerat berasaskan pertanian ini disalurkan kepada 112,635 melalui pegangan 35% kepentingan mereka dalam FGVH.

The Icon, Jalan Tun Razak

Difahamkan, Dzulkifli bukan sahaja mempertahankan kedudukan imbuhan yang beliau dapat secara langsung sebagai ahli Lembaga Pengarah 34 syarikat Kumpulan FELDA itu semata mata. Ada kemungkinan beliau mempertahankan apa apa keputusan yang dibuat oleh Lembaga KPF, yang sebenarnya tidak menguntungkan KPF pada jangkamasa panjang. Ini termasuk pelaburan KPF dalam menara The Icon di Jalan Tun Razak, yang difahamkan bernilai RM 400 juta untuk keluasan 500,000 kaki persegi dalam bangunan pejabat yang rata rata kosong itu.

Mereka yang membuat keputusan untuk pelaburan ini bukanlah mereka yang arif dalam perniagaan. Jauh lagi, jika ianya melibatkan pelaburan hartanah bernilai tinggi, terutama dalam kawasan mewah dan kommersial. Tidak dinafikan mungkin ada pihak yang berkepentingan meraih keuntungan peribadi dari pelaburan ini, terutama apabila sudah terbukti ianya amat sukar untuk dipasarkan sebagai ruang untuk disewa.

Siri penerangan pegawai pegawai Lembaga FELDA sebenarnya patut menerangkan dengan jelas kepada warga FELDA terutama peneroka:

1. Tanah milik peneroka tidak terjejas dalam penyenaraian FELDA Global Ventures Holdings. Hanya tanah FELDA Plantations yang akan dipajak (dengan persetujuan Kerajaan Kerajaan Negeri tertentu)

2. Nilai pegangan KPF dalam FGV bernilai 15% dari nilai aggregat keseluruhan penyatuan FELDA Holdings Bhd dan FELDA Global Ventures, pra-penyenaraian FELDA Global Ventures Holdings. Selepas penyenaraian, KPF akan mendapat pegangan nilai 35% dari keseluruhan asset FELDA Global Ventures Holdings yanga kan di’bebas-kunci’kan (unlocked value)

3. Yang akan diapungkan hanyalah saham saham FGVH. Manakala KPF hanyalah pelabur pemegang terbesar dalam FGVH. Ianya sama seperti ASNB merupakan pemegang saham terbesar dalam Maybank atau Sime Darby dimana syarikat gergasi ini diapung dalam Bursa Malaysia dan diuruskan oleh pengurus professional dan dikenakan urus tadbir korporat, sesuai dengan kehendak dan amalan pasaran. Saham syer KPF hanyalah boleh dibeli sebagaimana disyaratkan oleh piagam koperasi itu dan tertakluk bawah Akta Koperasi

4. Lembaga FELDA sebagai agensi Kerajaan Persekutuan dalam agenda membangun sosio ekonomi dan kommuniti masyarakat tanah rancangan FELDA dan fasilitator dan ko-ordinator segala projek dalam semua 317 tanah rancangan dibawah FELDA akan kekal diteruskan, sebagaimana 55 tahun sebelum ini.

Kegagalan memberikan penerangan ini secara jelas sehinggga masyarakat FELDA terkeliru dan merasa tertipu dan marah atas gerak-kerja penyenaraian FELDA Global Ventures Holdings sehingga Laporan Polis dibuat, wajar dilihat sebagai tindakan secara langsung segelintir pegawai Lembaga FELDA untuk mensabotaj rancangan strategik Perdana Menteri bagi menentukan masyarakat FELDA akan beroleh keuntungan berterusan jangka panjang, melalui pelaburan yang progressif KPF dalam FGVH.

Bagi masyarakat peneroka, mereka wajar merasakan diri mereka dikhianati.

Published in: on November 18, 2011 at 16:00  Comments (24)  

Monopoly of Non Bumiputra housing developers

Sime Darby's prized development Ara Damansara Seri Pilmoor: A property giant's turf

Minister of Housing and Local Government  (KPKT) Dato’ Seri Chor Chee Heung introduced an amendment to the Housing Developers Act yesterday. It was designed to do away with errant developers and reduce number of abandon housing projects.

Thursday November 17, 2011

Bill to penalise errant builders tabled

By MARTIN CARVALHO
mart3@thestar.com.my

KUALA LUMPUR: A Bill to make it a criminal offence for developers who fail to complete their projects has been tabled in Parliament for first reading.

Under Clause 9 of the Housing Development (Control and Licensing) (Amendment) Bill, errant housing developers can be fined up to RM500,000, jailed up to three years or both.

The Bill was introduced by Housing and Local Government Minister Datuk Seri Chor Chee Heung here yesterday.

Among others, it is a crime if a developer “abandons or causes to be abandoned a housing development”.

They are deemed to have abandoned projects if they refuse to carry out, delay, suspend or cease work continuously for six months or beyond a period stipulated under the Sales and Purchase Agreement.

The Bill also introduces harsher penalties against errant developers such as increasing the fines from RM20,000 to RM50,000.

They will be entitled to terminate the Sales and Purchase Agreement if the housing project is abandoned, and the developer is required to refund any money paid within 30 days.

Developers who fail to comply with this will face a fine of up to RM250,000 and a penalty of RM5,000 for every day during which the offence continues.

The Bill will also insert Clause 3 into the Act the deposit to obtain a housing development licence will be increased from RM200,000 to 3% of the project’s estimated cost.

This is to ensure that only developers who have sufficient financial ability will be allowed to begin building houses.

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The Bill is considerably good to protect the interest of the home buyers now that property developers who abandon their projects would be deemed as white collar criminals. However, the 3% deposit of the gross development cost (GDC) as license is a bit stiff.

This is because in general, property developers no longer have the luxury to make what they used to make then, which margin is in the neighborhood of 30% of the gorse development value (GDC). If the average margin for property developers now hovers around 20%, it means that the deposit for the housing developers license would be in the neighborhood of 2.5% of the GDV.  They are already subjected to 5% retention for which half of that will only be returned to the property developers 24 months from the date of deliver to the buyers.

That is a good 7.5% retention cost against the GDV, which translate to 37.5% of the average returns for the property developer.

Consider this scenario; A property developer buys a parcel of land with subdivided titles and development order, would at best take 30 months from the point of the acquisition to deliver a development of houses to the home buyers. At the point of delivery of vacant possession, the returns for capital investment is only at best calculated at 12.7% of the GDV. That is only pro-rated 5.08% of GDV per annum.

This is on top of the existing ruling of property developers are subjected to the housing developer’s account that is maintained and managed by the bank. Tight controlled cash flow coupled with heavy upfront deposits would throw the burden on the shoulders of the directors even more.

Considering that the property developer would take the heavy brunt of multi pronged risks on their side, this would translate that only companies with very strong capital and cash position would dwell into property development. Medium-sized property developers would find it uneconomical to take the risk. Property development game would now be for the ‘Big Boys’.

In the case of Bumiputra property developers, many would no longer take the risk to dwell into the business even though they have good parcels of land to develop. They would be more driven to either outright sell their parcels of land or do joint ventures. Joint ventures with companies with more solid capital and cash position means that these Bumiputra entrepreneurs would take a back seat and their Non Bumiputra joint venture partners take the lead.

Worse still, for property development projects in very upmarket areas, where GDC is very high.

A high rise upmarket development near KLCC

Imagine a Malay family owns a plot of land 1km radius from KLCC or Bukit Bandaraya/Damansara Heights/Jalan Duta/Jalan Ampang affluent neighborhoods. If the proposed development for the land is luxury apartments, then the GDC would be in the neighborhood of RM 45 million for 60 units or so. 3% of licensing fee would means that the family must fork out RM 1.35 million in cash to be deposited to KPKT  even before they could obtain the advertising and sales license. The consultants’ fee for the project would cost them at least RM 4.5 million through out the 42 months from start till delivery of vacant possession.

That’s over RM 100,000 a month, pro-rated.

If there are borrowings for the land and working capital for the project, let say RM 40 million, then the burden to repay the commitment is in the neighborhood of RM 430,000 per month, even before sales started. What about other usual overheads. If the process takes a year before the project is launched, then the property developer would have aggregated over RM 5.5 million to pay out, on top of the RM 1.2 million consultants’ fees.

The solution is for Government agencies such as MARA, Bank Negara, MITI or NGOs such as DPMM create a special fund for capital injection into medium sized bona fide Bumiputra housing developers. We don’t see many state governments able to come in with the special capital ventures at state level Bumiputra housing developers. For the Bumiputra entrepreneurs, these injections of capital would act as angel ventures and they should be given the first right of refusal to buy back the amount of capital with some degree of guaranteed profit scheme.

Contrast: A typical Malay reserve land development

Otherwise, only solid Bumiputra property developers would dwell into the game and it would be barrier for the entrance new entrepreneurs. Imagine, what would happen to the majority of Malay Reserve lands now left undeveloped all over the country and waiting for some Bumiputra entrepreneurs to amass enough money to take the risk. Otherwise, all of these Malay Reserve lands would remain as what they are at the moment, largely for agriculture purposes.

We doubt it that this is what Prime Minister Dato’ Seri Mohd. Najib Tun Razak has installed for the Bumiputra commercial and industrial community for strategic wealth creation, especially for asset backed businesses.

Published in: on November 18, 2011 at 03:35  Comments (15)  

Muzzling the arrogant canine

The conniving entrepreneur turned loud mouth nuisance

Like a python, eventually the true colors of Tony Fernandes would be demonstrated some day. In his tweets yesterday, AirAsia CEO Fernandes was uncouth and unbecoming when he took potshots against Malaysia Airports and Ministry of Transport:

Unbecoming of a director of GLC rubbishing KSU of MOT in social media

Unbecoming of a director GLC rubbishing another GLC in social media

The Sun reported this attacks:

AirAsia chief launches attack on MAHB on social media

Posted on 15 November 2011 – 11:19pm
Last updated on 15 November 2011 – 11:25pm

KANG SIEW LI
sunbiz@thesundaily.com

PETALING JAYA (Nov 15, 2011): AirAsia chief Tan Sri Tony Fernandes is in the news again, this time attacking Malaysia Airports Holdings Bhd (MAHB) in the social media realm, the same day the airport operator was raising the airport departure tax for international passengers as well as aircraft landing and parking charges for airlines.

Slamming MAHB’s move, Fernandes, who is also a director of Malaysia Airlines (MAS), said: “With economic conditions as they are, MAS and AirAsia have given MAHB great ideas to increase their income by working with us and attract more (new) airlines (to operate from Malaysia)… then (MAHB should) reduce (airport) charges to the people.

“It’s the passengers who pay airport tax. We are fighting for the people of Malaysia!” he posted on his Facebook page.

Incidentally, AirAsia had scheduled a press conference yesterday to address the hike in airport taxes by MAHB, but had cancelled it at the last minute, “due to an unforeseen circumstance”.

MAHB had last month received the Transport Ministry’s nod to raise airport tax at the country’s 39 airports it manages, excluding low-cost carrier terminals (LCCTs), to RM65 from RM51 for international travellers. For departing international passengers at the LCCT in Sepang and Terminal 2 Kota Kinabalu, the airport tax will be raised to RM32 from RM25.

The aircraft landing and parking charges, meanwhile, will be gradually raised by up to 30% and 64%, respectively.

“Too many empty promises from MAHB. We as airlines get blamed for their poor performance,” Fernandes said.

He also took a swipe at the Transport Ministry’s decision to approve the hike, asking why it wasn’t defending the people “to make sure they get good value for the (old) RM25 airport tax”.

“They are the regulators. The ministry’s secretary-general, Datuk Long See Wool, sits on the board of MAHB. How can he be objective and play fair to the airlines?” he asked.

Fernandes also questioned MAHB’s recent move to build a 3.96km third runway at the new LCCT called KLIA2 in Sepang, the delay in its completion as well as the escalating cost of building KLIA2.

“Why is KLIA building a third runway when they don’t use dual mode on two runways. London’s Heathrow Airport has 60 million passengers with two runways. Fix the air traffic system, MAHB. That would have been cheaper than building another runway,” he said.

“AirAsia wants MAHB to come clean. Terminal (KLIA2) is supposed to be operational by June 2012 and supposed to cost RM2 billion. What’s the truth?”

When contacted by SunBiz yesterday, MAHB CEO and managing director Tan Sri Bashir Ahmad Abdul Majid said the airport operator will respond in due course.

Fernandes also hit out at the four MPs who had on Monday criticised him and Khazanah Nasional Bhd CEO and managing director Tan Sri Azman Mokhtar over the recent MAS-AirAsia share-swap deal.

“(The) four MPs have…made it very personal for five years. One MP said I rape poor villagers.

“(But) villagers could never fly before. We have worked so hard to make flying affordable and 130 million people have flown due to us. Why are these members of parliament not questioning the cost of airports and fighting for lower taxes for the rakyat?” he wrote.

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And also Business Times:

Fernandes tweets his ire over host of issues

Read more: Fernandes tweets his ire over host of issues http://www.btimes.com.my/Current_News/BTIMES/articles/20111115232457/Article/index_html#ixzz1doWzT2wS

In a series of tweets, AirAsia CEO Tan Sri Tony Fernandes raised questions on MAHB’s operations, the effectiveness of members of parliament and the objectivity of the Transport Ministry

KUALA LUMPUR: AirAsia Bhd may have called off a press conference yesterday on Malaysia Airports Holding Bhd’s (MAHB) airport tax hike but that didn’t stop its co-founder from taking to Twitter to vent his frustration.

In a series of tweets which started in the morning, Tan Sri Tony Fernandes raised questions on MAHB’s operations, the effectiveness of members of parliament (MPs) and the objectivity of the Ministry of Transport (MOT).

Fernandes also questioned the need for a third runway in Kuala
Lumpur International Airport (KLIA) when there are ways to increase utilisation of existing runways.

“Why is KLIA building a third runway when they don’t use dual mode on two runways? Heathrow has 60 million passengers

with two runways. Fix the air traffic system MAHB. Would have been cheaper than building another runway,” he said.

Fernandes questioned why MPs, who had criticised him, have not questioned the cost of airports and fought for lower taxes for the rakyat.

MOT was also not spared, as Fernandes put to task its role in regulating airports.

“The (secretary-general Datuk) Long See Wool of Ministry of Transport sits on the Malaysia Airports board. How can he be objective and play fair to the airlines?” he asked.

Fernandes’ rant was triggered by the hike in airport tax, landing and parking charges which took effect yesterday.

Last month, MAHB announced that MOT had approved a RM14 increase in airport tax for international passengers to RM65 per passenger for most of its international airports.

The low-cost carrier terminal in KLIA and Terminal 2 in Kota Kinabalu saw charges go up by RM7 per international passenger to RM32.

Landing and parking charges will rise in three stages over three years.

Landing charges will be nine per cent higher and parking charges will be increased by 18 per cent a year.

*************

It is very inconsiderate for Fernandes to do this, especially where he is now a director and member of the Exco Committee of Malaysia Airlines, which is a GLC under Khazanah. His company Tune Air is a 20.5% share holder of Malaysia Airlines, which was the outcome of the ‘hostile reverse take order’ in an arm twisting ‘share swap’ deal concluded on 9 August. Many was appalled on the terms of the ‘share swap’ and how Fernandes was quick to devour Malaysia Airlines for his advantage, particularly all the airlines under the Tune Air Group.

The snakey-est corporate deal ever: Malaysia Airlines-AirAsia 'share swap'

Malaysia Airports is a Khazanah listed subsidiary.

We were told that Khazanah Holdings Bhd. Managing DIrector Tan Sri Azman Mokhtar specifically off Fernandes when they were talking to do the ‘share swap’ that “The latter shouldn’t do any grand-standing” and “Leave Malaysia Airports alone”. Fernandes was also specifically asked to “Settle all AirAsia’s dues to Malaysia Airports”, which peaked to an aggregated sum of RM 115 million.

Actually, Fernandes never left Malaysia Airports alone. Sources within said soon after able to pounched onto Malaysia Airlines successfully, he was ultra quick to make his moves on Malaysia Airports. This is expected of him as once, he harboured to intention to control his own airport and wiggled his ways via Sime Darby. However, it was foiled.

Now that Fernandes is part of Malaysia Airlines and Khazanah Holdings Bhd. is a shareholder  and has a director in AirAsia BOD, Khazanah Holdings Managing Director Azman has the moral obligations to shut him up and discipline him. It is very crude of Fernandes to make pot shots in the social media like that, when in his position now as director of a GLC company and operator of a major regional low cost carrier, he must have other proper ways and channels to express his views to both Malaysia Airports and Ministry of Transport.

In fact, for someone who has been collecting airport taxes upfront for his AirAsia passengers and later dodged his ways to not pay Malaysia Airports. That should be deemed as wrongful if not unscrupulous. But so far, Fernandes got away with it without even a slap on his wrist.

Why is conniving former record executive who is famous for his showmanship and snazzy marketing gimmicks, do this unbecoming act of rubbishing Chief Secretary of  a Ministry, another GLC and Government agency in his tweets?

AirAsia's stock the last six months

Many people are speculating the thiat is a precursor to the outcome of on going Securities Commission and Bursa Malaysia investigations on the ‘share swap’ deal. Even MPs raised concern over this rather dodgy deal.

Tuesday November 15, 2011

Barisan MPs criticise MAS-AirAsia share swap deal

BARISAN Nasional MPs criticised the controversial Malaysia Airlines (MAS) and AirAsia share swap deal during the Budget debate.

The issue cropped up when Barisan backbenchers deputy chief Datuk Bung Mokhtar Radin (BN-Kinabatangan) said he would continue to voice opposition against the low-cost carrier if the ministry failed to thoroughly investigate the allegations levelled against it.

“I ask the ministry to carry out a proper investigation that will provide accurate answers,” he said.

The outspoken MP also hit out at AirAsia for purportedly impo-sing exorbitant excess luggage fees on passengers as well as the lack of plans for aerobridges at KLIA2.

Wee Choo Keong (Ind-Wangsa Maju) also joined in the chorus of protest, saying safety must come first for passengers.

“Every airline must use the airbridge, for the convenience and safety of the people.

“They should not be made to walk on the tarmac, which is very dangerous. Many countries have rules disallowing this,” he said.

**********************

A Parliamentary Public Accounts Committee would investigate beginning 22 November on the ‘share swap’ deal between Malaysia Airlines and AirAsia.

The truth is that AirAsia’s stock prices rose from RM 2.40 in February to RM 4.00 in August (the price which was determined as the basis for the ‘share-swap’ with Malaysia Airlines). Then there was a ‘wayang’ a few  months before the ‘share-swap’ where Fernandes ‘threatened’ to move AirAsia head quarters to Jakarta.

We here in BigDogDotCom have said that Fernandes had always been bad news. During the mid 2006  ‘Airline Rationalisation Plan’ where Fernandes used the ‘Level Four Boys’ to ask then PM ‘Flip-Flop’ Dato’ Seri Abdullah Ahmad Badawi to hand over majority of Malaysia Airlines’ domestic routes to AirAsia, which include the heavily subsidised Rural Air Services. Not only he cannibalised the RAS for his expantionary program without actually serving the consumers in the interior of Sabah and Sarawak, he manipulated the additional routes to earn him a bigger market share for investor confidence.

Probably this is the right opportunity to reprimand him. He cannot get away with barking and being uncouth at GLCs and Government agencies recklessly in social media just like that. The Head of GLCs Azman Mokhtar, must now speak up for Malaysia Airports and muzzle this arrogant canine. His barks has become unbearably annoying.

The sooner this pariah canine with a Berkshire accent could be muzzled, better for the industry and stakeholders’ relation management for Malaysia Airlines, which calls KLIA her home.

Published in: on November 16, 2011 at 06:57  Comments (24)  

“Government policy is nothing to do with common sense”

I just love how Under Secretary of State (Permanent Secretary ) for Administrative Affairs and later Cabinet Secretary Sir Humphrey Appleby gets away with words:

On conscience; “When did you acquire these taste for luxuries?”, Sir Humprhey asks Principal Private Secretary to the Prime Minister Bernard Wooley

The “Thirteen Million Plus Ringgit” question; do we in Malaysia suffer the same in the hands of ‘Little Napoleans’ like Sir Humphrey?

Remember, this is not about politics and these are not democratically elected public office bearers, but they are very powerful in their domain.

Published in: on November 15, 2011 at 12:15  Comments (1)  

Enemies within

Director General of FELDA Authority Dato' Dzulkifli Wahab, deceiving FELDA settlers' representatives in Kuala PIlah in his "Commitment to follow through what has been decided"

The cat is out of the bag. Despite several open denial and in fact ‘strongly committing to the agenda’, the ‘Real McCoy’ in the context of ‘throwing spanner to the works’ has already been discovered.

On 28 October 2011, the board of Koperasi Permodalan Felda met in Kuala Lumpur. In the meeting, it was decided that four members were dismissed as members from the co-operative society. FELDA Chairman Tan Sri Isa Samad, former FELDA Chairman Tan Sri Dr Yusof Nor, FELDA Global Ventures Holdings President and FELDA Holdings Bhd Managing Director Dato’ Seri Sabri Ahmad and President and CEO Dato’ Seri Mohd. Bakke Salleh are the four.

The reason of expulsion is unclear. However, this dismissal means that Isa would not able to be appointed as KPF Chairman. The lawyers acting on behalf of FGVH confirmed this dismissal today.

FELDA DG Dato

The appointment of Isa as KPF Chairman is part of the pre-IPO exercise of FGVH being listed, since KPF would eventually own 35% of the plc by March 2012. This appointment is with explicit instruction from Prime Minister Dato’ Seri Mohd. Najib Tun Razak, who wanted FELDA settlers gain direct benefit from Kumpulan FELDA generated and aggregated businesses, which all be injected under FGVH. During the 2012 Budget Day, PM Najib announced the listing of FGVH sometime in 2012 as part of moving the FELDA community upwards as part of the program to uplift the socio-economic position of the rural Malays, in preparation of the high economic income.

Isa’s appointment is with the consent of Minister of Domestic Trade and Consumerism Dato’ Seri Ismail Sabri, whose powers to appoint is provided in the Co-operative Act. FELDA Authority Board decided on 25 August 2011 for Isa’s appointment.

Last week, Sabri went to see Ismail since Isa’s appointment has been long overdue. To his surprise, Sabri was told of Isa’s dismissal along the other three from KPF. It seems that existing KPF Chairman Dato’ Dzulkfili Wahab convened the 28 October meeting and the decision was made. Dzulkifli is the FELDA Authority Director General. Traditionally, the FELDA Authority DG is also KPF Chairman.

The saboteur who is also a skilled stage actor, demonstrating his fake public appearance and the designated KPF Chairman

The thing is that, Dzulkifli has been lying with a straight face to the public about his moves within his ‘Little Napoleanic Empire’ ever since the ‘Meeting FELDA Settlers’ Representatives Road Show’ which begun in Kuantan on 26 October 2011. Dzukifli vowed that he is “Committed to the program and would give fullest support to realise PM Najib’s mission to transform the FELDA community to the next level” and he repeated this again in Kuala Terengganu the next day. The evening on the day KPF BOD met and decided on the dismissal of the four, he also vowed the same in Melaka and put a straight face even though FELDA settlers asked to explain the rumors about the two was unable to work together for this listing exercise. This fake appearance also was repeated again in Trolak on 31 October.

Over the weekend, he said during the same road show in Kuala Pilah. In fact, he also said “I am a civil servant and ‘implementor’. I just carry out what has been decided. It is not my place to question what has been decided. In fact, I must do my best to expedite the process and do it effectively“.

Clearly Dzulkifli blatantly lied to all these FELDA settlers’ representatives. It is also very clear that not only he committed gross insubordination, he also deemed to be sabotaging a PM Najib’s strategic agenda and Federal Government program for FELDA. The dismissal of Isa and the other three from KPF will definitely delay the listing of FGVH, targeted in March or April 2012.

It is also not surprising that Dzulkifli used his network with FELDA, especially at the 317 schemes to fan the resistance for this exercise and also leaking details to the Opposition. There has been a stream of Police reports made against the appointment of Isa as KPF Chairman and the FGVH listing exercise. Details of the FELDA Authority BOD meeting with regards to Isa’s appointment have also been leaked to the blogs.

It is believed that Dzulkifli acted in this manner is because of personal agenda, more than anything else. At the moment, as KPF Chairman he sits in 34 companies and earning annually more than RM 600,000 in directors fee and meeting allowances, on top of his salary as a Staff 1 Federal Government civil servant. All of this would be taken away when FGVH is going through the stringent listing exercise. This is also good corporate governance.

All 112, 635 FELDA settlers should now feel nothing but betrayed and look at their custodian for community development and Federal Government policy implementor Dzulkfli as a saboteur to PM Najib’s strategic agenda for FELDA and a traitor to the Malay Agenda.

Published in: on November 14, 2011 at 21:34  Comments (13)  

Getting away with murder: Flip-Flop on ‘all turbo-props’ policy in Subang?

Subang Skypark, the terminal at Lapangan Terbang Antarabangsa Sultan Salahuddin Abdul Aziz Shah

Metaphorically speaking, Tony “Greedy Ular” Fernandes seems to be getting away with murder. For years he has been fighting to get AirAsia to land from the close and covenant Lapangan Terbang Sultan Salahuddin Abdul Aziz Shah, Subang but non avail. The commuter airport is very popular and FireFly is developing its market well from the airport.

Fernandes wanted to ‘play in the same sandbox’.

So after the successful ‘back door take over’ of Malaysia Airlines via the so called “share-swap” announced on 9 August and he and his partner Kamaruddin Meranun got themselves in the BOD with ‘executive powers’, he preyed further on for his next kill. That is not withstanding the uneasiness their presence within Malaysia Airlines caused to over 18,000 of the national carrier employees.

Of course, we all saw within weeks after pounching onto the neck of Malaysia Airlines, the devour started when the national carrier is made to pay RM 18 million for the sponsorship of his own latest private venture then; Queens Park Rangers. The RM 18 million is for only QPR’s home games where else the pleasure of trotting about the whole of United Kingdom’s stadium spectators’ games t-shirt sponsorship goes to his own AirAsia.

With a rather lousy stroke of luck, Fernandes lost his claim to the Lotus F1 team label which was fighting literally with tooth-and-nail. He had to change it to Caterham.

Recently, he announced a new premium and full service commuter airline would be operating soon, called Caterham Jet:

A new super-premium airline in the works

Posted on 9 November 2011 – 12:23am

KANG SIEW LI
sunbiz@thesundaily.com

PETALING JAYA (Nov 9, 2011): AirAsia chief Tan Sri Tony Fernandes, who already has interest in four airlines, is set to expand his empire further as he moves to start a new super-premium full-service carrier (FSC) that will compete head-on with Qantas’ upcoming Asia-based super-premium FSC called RedQ, aviation sources said.

Likely to be called Caterham Jet, sources said the new regional airline has yet to be granted an operating licence by the government, but has secured several Bombardier CRJs which have been sent for retrofitting.

Incidentally, it is believed that Fernandes’ Formula 1 Team Lotus will change its name to Caterham next year.

“Plans are for the proposed airline to operate out of Subang and commence operations in May next year. Some of the proposed routes include Bangkok, Jakarta and Singapore,” a source said.

Besides AirAsia, Fernandes now has stakes in AirAsia X, Malaysia Airlines (MAS) and its unit Firefly. He became a substantial shareholder in the national carrier following the recent MAS-AirAsia share-swap deal.

Talk of the new airline operating out of Subang has been further strengthened on keen interest by MAS and Firefly to redevelop Terminal 2 of the Sultan Abdul Aziz Shah Airport in Subang.

Sources said Malaysia Airports Holdings Bhd (MAHB) is expected to award the concession to redevelop Terminal 2 soon.

Subang SkyPark Sdn Bhd is believed to be the frontrunner for the job, as it is already managing the Skypark Terminal (formerly Terminal 3) next door before the emergence of MAS as a strong contender for the redevelopment works.

To recap, SunBiz reported in April that Subang Skypark was in talks with MAHB to redevelop Terminal 2, which has been vacant since November 2009 after the airport operator relocated its corporate headquarters to Sepang.

It is understood that Subang Skypark has since submitted its proposal for the redevelopment of the terminal to MAHB and is awaiting a decision from the airport operator on the matter.

According to sources, Firefly, which currently operates its turboprop aircraft out of Skypark Terminal, had also earlier expressed its interest to redevelop Terminal 2. However, its proposal is unlikely to see the light of day following the MAS-AirAsia partnership.

An industry source said there has been serious lobbying lately from MAS, under its new management team and deputy CEO Mohammed Rashdan Yusof, to redevelop and take over Terminal 2.

“It is unclear whether the lobbying from MAS is to get the national airline to manage and operate its subsidiary, Firefly, out of Terminal 2 or to allow the proposed new airline that is coming up under Fernandes’ stable of companies, to operate from there,” said a source.

Firefly and Berjaya Air are currently the only two airlines operating out of SkyPark Terminal, using the ATR 72-500s and DeHavilland Dash 7.

However, observers pointed out that the new airline will further depress the local air travel industry at the expense of the people.

Already, they said, the recent MAS-AirAsia tie-up could have resulted in a monopoly, with MAS and Firefly being pushed to focus solely on premium air travel, while AirAsia dominates the low-cost market.

“With another new airline by Fernandes, he would be holding shares of five local airlines — AirAsia, AirAsia X, MAS, Firefly and the proposed Caterham Jet.

“How would that hold up when the Competition Act 2010 is enforced on Jan 1?” an observer asked.

The observer added that AirAsia fares to most domestic destinations have gone up despite assurance by Fernandes that the low-cost carrier’s fares will not rise after the MAS-AirAsia tie-up.

***********

Some are having the opinion that Caterham Jet would not ‘hurt’ Malaysia Airlines:

Caterham Jet unlikely to hurt MAS, say analysts

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Tags: AirAsia Bhd | Caterham Jet | MAS | Tony Fernandes

Written by Chua Sue-Ann

Thursday, 10 November 2011 12:05

KUALA LUMPUR: While analysts remain sceptical on AirAsia Bhd’s boss Tan Sri Tony Fernandes’ purported plans for a new super-premium regional airline, some analysts opine that existing carriers will not be impacted if the plans come to be.

A daily newspaper yesterday reported that Fernandes’ new super-premium full-service carrier (FSC), likely to be named Caterham Jet, could commence operations out of Subang airport in May next year.

Some aviation analysts have questioned the need for a new airline, which they argue could hurt Malaysian Airline System Bhd (MAS) by piling on the competition.

After a recent share-swap deal with MAS’ major shareholder Khazanah Nasional Bhd, Fernandes is now a substantial shareholder in MAS and its unit Firefly, as well as AirAsia and AirAsia X Bhd.

Says one analyst: “Why set up a new airplane? It will make life difficult for everyone and cannibalise MAS and AirAsia. It is a zero sum game so who will benefit?”

OSK Research analyst Ahmad Maghfur Usman however said that the plans, if it comes to be, will unlikely hurt MAS or AirAsia as Caterham Jet is targeting a different market segment.

“Caterham Jet is looking at a niche market, targeting the super rich so it shouldn’t hurt MAS too much.

The proposed Caterham Jet is viewed as not directly competing with Malaysia Airlines or AirAsia as it will target a different market segment.

“It is a new thing in the Asean market and it could be something that Tony would like to pioneer for this region,” Ahmad Maghfur said.

Caterham Jet is said to be a direct competitor with Qantas Airways Ltd’s upcoming Asia-based super-premium FSC, RedQ.

Ahmad Maghfur also opined that a sufficient capacity for the proposed super-premium jet would for three aircraft to be operated on a charter basis for the moment.

However, Ahmad Maghfur added that before the Caterham Jet plans can take off, Fernandes will first have to sort out the details of the collaboration agreement entered into by MAS and AirAsia following the share-swap deal.

MAS shares yesterday shed one sen to RM1.41 with 1.92 million shares exchanged. AirAsia shares meanwhile gained three sen to RM3.84 with 4.51 million shares traded.

A Maybank Investment Bank Research analyst noted that Caterham Jet would unlikely impact AirAsia, which operates in the budget segment, but could have a small impact on MAS’ first class segment.

“What is your definition of super premium? If it’s like what you see in the movies, where you can drive your car up to the plane and it’s a luxury flight, the real competition is with private charter jets and not so much MAS,” said the analyst.

Some analysts have also cautioned that Fernandes’ plans hinge on whether the new airline can obtain the necessary government and regulatory approvals.

The report, quoting unnamed aviation sources, also said the airline had yet to be granted an operating licence but has secured several Bombardier CRJ aircraft which have been sent for retrofitting.

However, the Maybank IB Research analyst noted that there should be no reason why the government should deny Fernandes the licence as long as the airline meets all the safety requirements.

“I think the government is not in the position to agree or disagree with a person’s business plan,” said the analyst.

But with the global economy still wracked with uncertainty, there remains a question mark over whether Fernandes’ aspiration for the super-premium airline can take off in current conditions.

“There is really no rush to move into the super premium market. With the global uncertainties, even the super-rich are keeping a watch on global markets and their net asset values,” Ahmad Maghfur said.

This article appeared in The Edge Financial Daily, November 10, 2011.

How and why Fernandes is allowed to compete against his own holdings Malaysia Airlines is a mystery. When the ‘share swap’ deal was announced in August, they justification was Fernandes is a champion of low cost carrier and he is supposed to use his experience and ‘excellent marketing strategy’ to bring up Malaysia Airlines. Now, he is competing against Malaysia Airlines in the premium and full service airline jet service.

Of course consumers would prefer Caterham Jet over Malaysia Airlines or FireFly. It is jet service and operating much closer to Klang Valley.

That is not as mysterious how and why Ministry of Transport changed its ‘All turbo props’ policy for Lapangan Terbang Sultan Salahuddin Abdul Aziz Shah. Previously, only turbo props commuter airlines in the likes of FireFly and Berjaya Air are allowed to operate from the airport. This ‘Flip-Flop’ing must be detrimental for the Malaysian Government.

We were told about ‘Sapphire Airlines’ as part of the package for the ‘share-swap’ deal.

Malaysia Airlines was asked to stop service Cape Town and Buenos Aries. It was said with Malaysia Airlines’ own town hall meeting, the service were to be handed to AirAsia X. Word has it from sources that as soon as Prime  Minister Dato’ Seri Mohd. Najib Tun Razak arrived home from his Hajj trip, the instruction was put on hold. So many ways are being crafted to ‘steal the market’ away from Malaysia Airlines.

Then again, if Fernandes is allowed to start a brand new airlines Caterham Jet and is in direct competition with GLC Malaysia AIrlines in the same sector and market, shouldn’t the Government liberalise the airlines business and bring other players in?

Again, the devour of Malaysia Airlines came from day one. Not now but from the days when Rural Air Service was handed to him by then PM ‘Flip-Flop’ Dato’ Seri Abdullah Ahmad Badawi on a silver platter, with all the gold laced trimmings of Government subsidy and he capitalise for his ‘book building’. No one has seen yet anything what Fernandes brought into Malaysia Airlines. The past three months was all about Fernandes using his entire business mini-empire to cannibalise every single bit of the national carrier.

Isn’t it mind boggling how he is allowed to get away with murder and now, cannibalism?

P/S: During the Roman times, there was a brutal Emperor Gaius Julius Caesar Augustus Germanicus who is also known as Caligula. Fernandes must be a reincarnation of him, with the name “Greedy Ular”

Published in: on November 13, 2011 at 18:00  Comments (12)  

Pengarah Besar FELDA ikrar percepatkan penyenaraian FGVH

Pengarah Besar FELDA Dato' Dzulkifli Wahab berucap di Kuala Pilah

Pengarah Besar Lembaga FELDA Dato’ Dzulkifli Wahab malam tadi membuat ikrar bahawa beliau sebagai ketua eksekutif agensi pelaksana akan menentukan segala keperluan untuk penyenaraian Felda Global Ventures Holdings (FGVH) bukan hanya dilaksana, malah dipercepatkan. Beliau berkata demikian dihadapan pemimpin pemimpin peneroka FELDA seluruh Negeri Sembilan dalam sebuah taklimat khas di Kuala Pilah.

“Ini adalah atas keperluan”, jelas Dzulkifli dalam gerak-kerja penyenaraian FGVH termasuk pengunduran beliau dari jawatan Pengerusi Koperasi Permodalan FELDA (KPF) dan perlantikan Pengerusi FELDA Tan Sri Isa Samad “Kuasa melantik (Pengerusi KPF) menurut undang undang kecil adalah pada Lembaga FELDA. Apa yang diputuskan, saya akan laksana saja”.

"Tiada rampasan kuasa", Majlis Penerangan Penyenaraian FGVH di Kuala Pilah, 12 Nov 2011

“Saya ini pegawai Kerajaan. Bukan tempat saya untuk menyoal apa apa araham. Saya hanya melaksana sahaja”, jelas beliau kepada 200 orang pemimpin dan wakil masyarakat peneroka FELDA mengenai arahan Perdana Menteri Dato’ Seri Mohd. Najib Tun Razak mengenai perlantikan Isa ke jawatan Pengerusi KPF. “Saya akan mempercepatkan proses (semua gerak-kerja penyenaraian FGVH diperingkat Lembaga FELDA)”.

Ini merupakan ikrar yang sama dibuat dalam sidang media setelah taklimat yang sama kepada pemimpin dan wakil masyarakat peneroka FELDA di Kuantan pada 26 Oktober. Untuk rekod, Lembaga FELDA telah memutuskan Isa dilantik sebagai Pengerusi KPF pada 25 Ogis 2011.

Kemesraan antara Pengarah Besar FELDA dengan Pengerusi FELDA memberikan illustrasi kesefahaman dan kerjasama erat antara pembuat dasar dan pelaksana

“Tiada rampasan kuasa”.

Apabila ditanya dalam sidang media mengenai maksud beliau itu, Dzulkifli menjelaskan pengunduran beliau bukanlah paksaan tetapi adalah menurut arahan “Apa yang diputuskan Lembaga FELDA saya mesti laksana. Soal ‘Tidak Menyokong’ tidak timbul. Soal sekarang, macamana nak percepatkan”. Sebelum ini, timbul desas desus dan dibangkitkan dalam setiap program penerangan di Kuantan, Kuala Terengganu, Melaka dan Trolak dimana Dzulkifli tidak bersetuju dengan cadangan penyenaraian FGVH walaupun beliau menjelaskan kebaikan dari gerak-kerja korporat itu.

Pengarah Besar Lembaga FELDA Dato' Seri Dzulkifli Wahab, Pengerusi Lembaga FELDA Tan Sri Isa Samad dan CEO FGVH Dato' Seri Sabri Ahmad semasa sidang media

Dalam sidang media yang sama, CEO FGVH Dato’ Seri Sabri Ahmad menjelaskan untuk penyenaraian FGVH, lima bank pelaburan telah dilantik untuk menentukan segala persiapan dilaksana dengan kemas, termasuk untuk memberikan nilai yang baik dan kukuh bagi pemegang saham dan pelabur potensi, termasuk dari luar negara. Bank bank tersebut alah Maybank, CIMB, Morgan Stanley, JP Morgan dan Deustche Bank dan lantikan ini berdasarkan pengalaman mereka menjadi penasihat gerka-kerja penyenaraian.

Pengerusi FELDA Tan Sri Isa Samad, yang bakal akan menduduki jawatan Pengerusi KPF sebagai gerak-kerja pra-penyenaraian FGVH mengulangi penjelasan beliau “Semua baik. Tiada yang tak baik (mengenai penyenaraian FGVH). Tiada sebab mengapa Tuan Tuan perlu menolak”.

"Bila mesyuarat (EGM KPF) esok, Tuan Tuan angkat saja tangan (untuk menyokong)".

“Besok bila mesyuarat (EGM KPF), Tuan Tuan angkat sajalah tangan (untuk menyokong). Semuanya baik dan insyaAllah, nanti nilai (pelaburan) Tuan Tuan akan meningkat”, gesaan Isa untuk menyakinkan peneroka FELDA bahawa keputusan KPF mennerima dan menyokomg cadangan penyenaraian FGVH termasuk menyuntik semua syarikat di bawah FELDA Global Ventures yang dimilik 51% of KPF dan sebagai timbal balas diperuntukan 35% pegangan FGVH, diterima.

Jelas, penerangan ini berjalan dengan baik dan wakil wakil peneroka yang berucap menyatakan sokongan penuh mereka keatas cadangan penyenaraian FGVH itu.

Published in: on November 13, 2011 at 09:30  Comments (6)  

Doing homework, properly

Recently, certain failed politician-turned-blogger took upon the task trying to debunk all the rationalization of having the Felda Global Ventures Holdings’ listing wheels-in-motion. It is his sordid attempt to cast a doubt for a mega post-ASNB unit trust program which should be dubbed as “ASNB Kedua”, that will benefit 112,635 FELDA settlers directly and the rest of Malaysia, indirectly.

The fact that it was highlighted by the online news portal which publicly admitted they actually lied and slander solidify the notion that this is a sinister attempt.

First order is to get some basis of facts on the table; the management of Felda Holdings Bhd. (FHB) and Felda Global Ventures Holdings (FGVH) are of the same people. It is pointless to say that FHB’s management is better than FGVH as the Managing Director of FHB is Dato’ Seri Sabri Ahmad and he will assume the CEO post FGVH when they get listed.

Another point is that FHB was incorporated back in 1995 as they already wanted to separate Felda the authority to develop the socio economic standing and community of these 317 tanah rancangans all over the nation and the business side. FGVH was incorporated in 2009 to take over all the business holdings which were undertaken by FELDA the authority as Government agencies should remain as a facilitator manned by cicil servants and enterprises should be managed as corporations, by professionals. It is also a clear policy of Prime Minister Dato’ Seri Mohd. Najib Tun Razak’s administration ‘Government Role in Business’ (GRIB).

Felda Global Ventures is the new kid on the block. They may not make as much money as FHB, but they will in time. Especially when better operation practices invoked and strategies crafted, on top of the full blown management by professionals instead of taking directives from Civil Servants. Last year, FHB contributed RM 766 million in profits where else FGVH recorded RM 360 million. So to say FGVH is not making money is a blatant lie.

If this failed politician whose contituents still rubbish him even after more than three and a half years of leaving office and was said to have turned ‘deeply disgruntled’ because of failure to get a certain ‘hospital project’ care to do a bit of research, FELDA Global Ventrues was set up by the civil servants within FELDA. They were the ones who were very strong about investing in the Twin Rivers Technologies (TRT) on 12 Oct 2007 via FELDA (Authority)’s incorporate FGV North America. FELDA Global Ventures Holdings was only incorporated on 15 Aug 2008 and subsequently all FGV’s was transferred to FGVH later the same year. It was in early 2010 that FGVH management came under FHB Managing Director Dato’ Mohd. Bakke Salleh. Before that, it was under the FELDA (Authority) Director General.

TRT posted an aggregated loss of RM 400 million last year. Now that Sabri is in, he is taking personal attention to turn this project around and it is beginning to show results. It is part of the precursor for FGVH listing.

FELDA Chairman Tan Sri Isa Samad, FGVH CEO and FHBMD Dato' Sabri Ahmad and FELDA DG Dato' Dzulkifli Wahab at the listing of MSM, June 2011. In the picture is also immediate past FELDA Chairman Tan Sri Dr Yusof Nor

The appointment of  FELDA Chairman Tan Sri Isa Samad as the Koperasi Permodalan FELDA (KPF) is of the explicit instruction from Prime Minister Dato’ Seri Mohd. Najib Tun Razak. The latter wanted the 112,635 FELDA settlers to get direct benefit in the form of net earnings when all FELDA businesses being injected and aggregated under FGVH as part of the listing exercise. As Isa will be the FGVH Chairman, it will be in the best interest of KPF members which as an entity will hold 35% of the FGVH if he is there as the KPF Chairman as well.

After all, since Isa is already the FELDA (authority) Chairman and playing the role of the stewardship to oversee all the socio economic and community development program for a population of at least 750,000 persons under all 317 FELDA schemes, then him being the KPF Chairman should synergies the role better.

Somehow, there is a structured and concerted effort to deny or halt Isa’s appointment, even though it will strategically benefit all 112,635 FELDA settlers who are the bulk of the 220,000 KPF members. Very strict and confidential information about FELDA board meetings’ discussion and decision with regards to KPF and the FGVH listing exercise are being leaked. It is true KPF by-laws specified certain conditions but the Minister in-charge could invoke certain directives such as appointment of the KPF Chairman, under provisions of the Co-operative Act.

The ‘Thirteen Million Plus Ringgit” question is not why is Isa’s appointment as KPF Chairman is being opposed, as the Prime Minister would always act the best for the interest of the majority which in this case is the FELDA community at large and the settlers specifically. But rather it should be who would stand to gain if Isa is denied the position as KPF Chairman?

Probably the outgoing KPF Chairman and those who are trying very hard to protect his position. As a civil servant, the current Chairman sits in BOD over 30 companies which include Malaysia Sugar Manufacturing, FGVH, Felda D’Saji, Felda Plantations and all the companions Twin Rivers Technologies stable. He is also a BOD member of Felda Prodata System, which subsidiary appointed a German who was working in Singapore as the CEO of Proxcell (a subsidiary Felda Prodata Systems) instead of a Malay pro better still, a Generasi Kedua FELDA offspring. All of these BOD appointments earn him an extra RM600,000 per annum income (not including perks), on top of his Staff 1 Civil Servant pay and allowances.

In short, as a pensionable Civil Servant not only he earns more that the Ketua Setiausaha Negara, his aggregated annual income by default of his position is even more than the Prime Minister.

The second “Thirteen Million Plus Ringgit” question is, how could a Civil Servant be allowed to be in this position?

Without civil servants in the way and an obstacle for good corporate governance and professionals are brought in to invoke best practices and focused deliverables to all stakeholders and not only shareholders, FGVH is on the right track as it is going on its listing mode. By end of December, FGVH should be submitting an official application to Securities Commission for listing. It is expected that the IPO would be around March-April 2012.

Its very clear that certain Sang Mangkuk did not do his homework well. If he did and still had gone the way he did then it is clear that he has a sinister agenda. Probably he is twisted as some have said about him and still on vindictive mode against Prime Minster for not wanting him to continue as a lousy ADUN in PRU 12 and then onwards, being ignored on the request for a certain ‘hospital project’.

As an ADUN when one picks a fight with almost all stakeholders, then one is not a ‘winnable candidate’. Casting a bleak aspersion for the reading pleasure of the urbanites and educated lot in a snifter agenda to deny the strategic interest of the 112,635 FELDA settlers is very wicked.

Published in: on November 12, 2011 at 15:30  Comments (10)