Ghost of Past Spring

The story based on NOC Report

The story based on NOC Report

The truth hurts. That is how the maxim goes. Unless persons who are not truthful about what happened in the past and what they did and how were they involved in something ugly and evil. Just like precursor, during the brutal and bloody racial riots of 16-10 May 1969 and thereon, the after math.

Acclaimed film maker Dato’ Paduka Shuhaimi Baba’s latest film on the personal lives, domestic and regional challenges and threats, decisions made and crisis resolved by Second Prime Minister Tun Abdul Razak Hussein and Deputy Prime Minister Tun Dr.  Ismail Abd Rahman are featured in ‘Tanda Putera’. However, some fragment of the society is very edgy as more and more Malaysians get to watch the film which already obtained PG13 certification from the national censorship board for public viewing.

Malicious plan behind May 13 film, claims Bersih

Koh Jun Lin • Feb 19, 13 2:48PTG
The Bersih coalition has condemned the closed-door preview of the film Tanda Putera yesterday, saying that it perpetuates the politics of fear and is “a step backwards” in the nation’s political discourse.

“Although we have yet to watch the film, we understand there are parts of the film that are unhealthy that could trigger interracial hatred and distrust.

“We feel that there is malicious intent behind the airing of the film, such as scaring the voters so that they would continue to support BN.

“We feel that this practice is unhealthy. What we want is competition that is healthy, based on policies regarding change, health, education, development and others. That is what we want – debate,” said Bersih steering committee member Toh Kin Woon (left) at a press conference today.

He added that this would be better than inciting fear, because it enables voters to make their choice after comparing the policies of contesting parties.

The controversial film, which has yet be aired publically, was shown to some 3,000 Felda settlers yesterday at Prime Minister Najib Abdul Razak’s request.

The film was about the relationship of Najib’s father and then Prime Minister Abdul Razak Hussein and his deputy, Dr Ismail Abdul Rahman, in the aftermath of the May 13, 1969 racial riots.

However, critics have said that the film’s depiction of the riots was too reliant on the official version of the events.

The film’s director Shuhaimi Baba had defended the film, saying that it would help the nation to recover from its May 13 trauma.

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The protagonists of the bloody racial riots almost 44 years ago, especially the Neo Min Yuens today are the ones concerned. This include individuals like DAP Supremo Lim Kit Siang, who was still around since the precursor of the 13 May riots and still presently active, sowing his consistent ‘Politics of Hatred’ strategy.

These are images of the provocations in the victory parades held by DAP and Gerakan in hours after winning half of the seats in Selangor

No one else is concerned. At least, not amongst the majority.

There in nothing sinister about ‘Tanda Putera’. It was written and filmed as how it was stated in the National Operation Council (NOC) Report. The racial riots were instigated by some radicals, extremists and elements indirectly representing the rebels-gone-underground and Min Yuens of the outlawed Malayan Communist Party.

The country was put on hold. The Emergency declared, Parliament was suspended and NOC acted as temporary and government-in-emergency. Order was restored. All necessary steps to hold back all the ill feelings, especially due to the instigation and seditious elements were addressed.

National Operation Council (NOC) members (fr l to r) Chief of Defense Forces Gen Tan Sri Ibrahim Ismail, IGP Tun Mohamed Salleh Ismail, Chief Secretary to Foreign Ministry Tan Sri Ghazali Shafie, Works, Post & Telecoms Minister Tun V T Sambanthan, Home Minister Tun Dr Ismail Abdul Rahman, Deputy Prime Minister Tun Hj Abdul Razak Hussein, Finance Minister Tun Tan Siew Sin, Tan Sri Hamzah Abd Samah, Former Chief of Defense Forces Gen Tunku Osman Jewa, Chief Secretary to MINDEF Abd Kadir Shamsuddin and Abd Rahman Hamidon (Secretary of NOC)

Bit by bit, everything was put back to order and allowed to roll back into places. New policies planned and implemented immediately. Pressing issues are addressed. Whatever the widening gap which wedged the nation because of disparity was immediately taken to task and reforms on social-economic development were put in place.

Social and economic development programs such as utility, education and health for the rural and under developed areas were intensified. More land reforms programs such as FELDA was opened. MARA Junior Science Colleges were introduced to provide rural kids with potential in science and math be given the opportunity, as a foundation to tertiary programs as a direct initiative of the New Economic Policy.

The Emergency Cabinet, making though decisions to restore order and control situation. A scene in 'Tanda Putera'

The Emergency Cabinet, making though decisions to restore order and control situation. A scene in ‘Tanda Putera’

80% of the film is about all that instead of the build up to the racial riots, which was the 10% preamble in the opening bit. That was necessary so that why and how the racial riot happened and more importantly, what were the ‘game changing’ decisions made and implemented there after. Poverty eradication programs had a 90% success rate and many Malaysians, especially in the rural areas were transformed.

This group was the stakeholders in the private screening of ‘Tanda Putera’ on Monday in PWTC.

What is more interesting is that both of these statesmen in their resolve to undo the various crisis Malaysia and Malaysians had to endure, were themselves facing ‘life-changing’ crisis on their own; terminal illness. They suffered in silence as the confidence to move the nation forward from the state of chaos, various crisis in different forms and threats and challenges, are more pertinent than themselves as individuals.

Nothing sinister about ‘Tanda Putera’. The film was made in almost near perfection to the truth. Unless to those who had sinister intention to create chaos, so that as a small segment of the minority they can thrive on the confusing and instability and impose themselves on the majority.

A scene in a London flat where Tun Rahah and Dr Macpherson attending to Tun Razak, who is in pain

A scene in a London flat where Tun Rahah and Dr Macpherson attending to Tun Razak, who is in a lot pain in his final days

Taking from the entertainment and commercial value, ‘Tanda Putera’ actually went through ‘product testing’. It was approved by the several layers of viewership samplers representing the larger cinema going consumers, even by the younger Non Malays for its historic value, flavour and presentation.

The majority of Malaysians should learn what happened in the past. This is because all of our dark episode in past is coming back. Almost by the same protagonists and similar sinister agenda. That is what Malaysians should be afraid of, instead of the past.

*Updated 1300hrs

Published in: on February 20, 2013 at 11:30  Comments (18)  

Buffet breakfast, lunch, dinner and supper

It is comforting to watch Iskandar Waterfront Holdings (IWH) making headway in the property business around Greater Johor Bahru as the Super Mega Developer. Investments realised, properties are added value and new businesses come in to take the risk. Of course, the bet is on the rewards later.

Tuesday February 19, 2013

Land and development on man-made Danga Bay island to cost RM8bil

By B. K. SIDHU
bksidhu@thestar.com.my

The total cost of the land and the integrated development was likely to cost RM8bil. A joint venture has been formed for this deal between CapitaLand Malaysia, IWSB and Temasek, with the Singaporeans taking the bigger share.
The total cost of the land and the integrated development was likely to cost RM8bil. A joint venture has been formed for this deal between CapitaLand Malaysia, IWSB and Temasek, with the Singaporeans taking the bigger share.

PETALING JAYA: Singapore’s Temasek Holdings Pte Ltd and its unitCapitaLand Malaysia Pte Ltd will enter into an agreement with Iskandar Waterfront Holdings Bhd (IWH) today to buy a man-made island measuring about 28.33ha at Danga Bay for about RM800mil.

Those in the know said that IWH unit Iskandar Waterfront Sdn Bhd (IWSB) would also be party to the acquisition, and the three parties would jointly develop the 28.33ha into a mixed integrated development, comprising high-rise buildings and landed homes complete with a shopping mall and food and beverage outlets, to be completed over the next few years.

The total cost of the land and the integrated development was likely to cost RM8bil, they said.

A joint venture has been formed for this deal between CapitaLand Malaysia, IWSB and Temasek, with the Singaporeans taking the bigger share.

This is the second largest tract of land that is being sold by IWH in less than two months after China’s Country Garden bought 22.26ha for RM900mil in December.

In total, IWH would have sold about 242.81ha thus far. It is the master developer of a waterfront city at the southern tip of Johor Baru fronting Singapore. IWH has a total land-bank of about 1,618.74ha in that area.

This deal with Temasek/CapitaLand signifies the entry of a big Singaporean investor that sees potential in Iskandar Malaysia, the southern economic corridor of Malaysia, and could signal the entry of more Singaporean investors into Iskandar Malaysia.

In fact, the premiers of both countries will be witnessing this deal today and also a ground-breaking ceremony for a wellness centre that is being jointly developed by Khazanah Nasional Bhd and Temasek.

Khazanah and Temasek are the investment arms of Malaysia and Singapore, respectively. CapitaLand Malaysia is a wholly owned subsidiary of CapitaLand Ltd, one of Asia’s largest real estate companies. Temasek has a 40% stake in it.

Khazanah and Temasek, via their joint-venture vehicle Pulai Indah Ventures Sdn Bhd, are developing the “urban wellness” project on a 2.02ha site in Medini North and the 84.98ha “Resort Wellness” development in Medini Central. The whole development has a gross development value (GDV) of RM5.2bil.

Both the projects, the man-made island and the wellness centre, will have a combined GDV of over RM16bil and these development will be spread over a few years, catalysing construction and other business activities in the state in the process.

Those in the know claim that the negotiations for the sale of the man-made island, also known as the A2 island, took almost two years to complete, as both parties were haggling over the price. It is man-made because it is a result of reclaimed land.

IWSB is the master developer of over 1,699.68ha at the southern tip of Johor Baru. Of this, 809.37ha make up Danga Bay, a development of 10 flagship projects, including a marina. The other parcels of land owned by IWSB are within the Johor Baru city centre, Tebrau Coast, and also 121.41ha in Desaru.

Apart from today’s land sale and that to Country Garden, IWH has sold 81.75ha to Australia’s Walter Group, 99.15ha to Dijaya Corp and about 10.12ha to the Brunsfield group.

The Johor government, via Kumpulan Prasarana Rakyat Johor, has a 40% stake in IWH, with influential businessman Tan Sri Lim Kang Hooholding the remaining 60% via Credence Resources Sdn Bhd.

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Kudos for Tan Sri Lim Kang Hoo, contractor-turned-master developer who controls Credence Resources Sdn. Bhd. (CRSB). He has been coming into the forefront and ever so often lately, when it comes to mega deals involving prime or prized properties around Greater Johor Bahru. Particularly, within the city limits and selected parcels within Iskandar Malaysia.

Lim as a corporate and property player even inadvertently spelled out the strategic plan when he outlined mega projects that would transform Greater Johor Bahru. An announcement best done from an authority higher up.

It is without doubt Lim took a lot of risk making investments and pulling up resources to be a strategic property wholesaler and later dissect the repackaged parcels for different parties dare to the take the risk and challenge.

Then again, there would a lot of issues arising from going too big, too fast. Inorganic meteoric growth often comes with a lot of speculations. Be it at the political, strategic planner, implementer, capital and financial market  players and punters or ordinary everyday persons on the street. Different stakeholders have different concerns,

The politically savvy people would speculate on the political backing Lim is enjoying. Of course the more prudent lot would look at the political opportunity costs arising from political personalities often being mentioned as providing necessary endorsements, especially in the interest of taking Johor and the Malaysian economy into the ‘transformed level’.

No less that Prime Minister Dato’ Seri Mohd. Najib Tun Razak himself are bullish about Johor, particularly the lower quarter being the serious propulsion in his economic transformation plan (ETP). Almost 50% of his ETP programs are located in and around Greater Johor Bahru. The better half of projects which are getting Federal Government injection  if not support, is banked on the notion about Johor benefitting from the growth and spill over effect from the high value Singaporean economy.

Then there are the pessimists, who would look at ‘over exposures’. Capital and financial market payers and punters often are cautious when too many eggs being placed into one basket. Of course, these self-profess advocates of market-driven-economy are never convinced and in many ways contradict their ownselves with entrepreneur like Lim is taking the charge instead of the GLCs.

The perfect example is Al Bukhary Group. They have proven to value ad and increased not on the ROIs of businesses that they privatize or took over, but also increased the productivity.

Their arguments have some validity. GLCs now behave like ordinary enterprise, where they are fully responsible of their own profitability, liquidity and ability to service their own commitments. These GLCs are subjected to the same practice like any other PLCs and corporate governance and integrity is paramount. After all, on top of being a progressive and productive enterprise GLCs also required to do serve the ‘national agenda’.

So for GLCs to take a lead charge in super mega property development projects in Greater Johor Bahru make a lot of business sense. However, that is not the case. Even though Johor State Government control one of the GLCs, which has several PLCs in its stable.

The strategic planners should be if not already is baffled, why an entrepreneur via his enterprise is taking centre stage in the ‘transformation agenda’ of Greater Johor Bahru. It is almost like Ramly Burger outlining the ‘bigger picture’ for the beef industry, especially in the disflavour of beef contamination feverish fit in the United Kingdom.

The implementers should also be  confuse, if they are not already are. Super mega property development projects and the downlines require all sorts of approval at so many stages. These approvals cut across from design, communal planning, traffic, waste and utilities management and of course, environmental issues. This man made island definitely requires special attention even though Lim is said to have ‘cleanse’ once inhabitable Sg. Danga.

Some may argue that this parcel sold to the investment arm of Singapore Government isn’t actually ‘natural’ land and nothing is taken away from Johor, be it the state or people. But then again skeptics are confident this would be the ‘door opener’ for more Johor parcels being hived off for the benefits of Singaporean investors, particularly Temasek. This would aggregate the sensitivity that property prices in Greater Johor Bahru is already sky rocketing due to the ‘push factor’ from the more power purchasing power from across the Johor Straits.

Adding injuries to insults, the strong rumour around Johor folks about the contractor for the PR1MA affordable project in Johor Bahru is non other than the contractor-turned-mega developer himself.

Lim as an individual and corporate player has been the if not part of topic of many social or serious conversations either by Johoreans be it within Johor or elsewhere or when others talk about Johor. Grandstanding would not help the perception which would could easily be twisted into something ugly even though none of it was ever substantiated.

People tend to over simplify things with the tinge of controversy, if not scandal, to make it tangy. They never discuss how and what it takes to prepare a feast-like meal, such as a buffet spread. However, the connotation of the buffet could easily be presented to depict gluttony on the eater’s end. Again, it is all about perception and manipulation of facts and circumstances.

Then again, Malaysians are known to make the wrong decisions based on perception.

Probably they have conveniently forgotten how Johoreans decided on a record breaking ‘spoilt votes’ during 12GE, after the summary cancellation of Scenic-Bridge-Over-Johor-Strait in March 2006 and November 2006 launch of the Iskandar Development Region. They also should be reminded that Johor Bahru folks voted for Shahrir Abdul Samad as ‘Key Candidate’ in 1988.

*To be continued

Published in: on February 19, 2013 at 18:01  Comments (27)  

Parking in Putrajaya

First, the game plan. The three coaches can even get their game right. Then, they will squabble over seats.

If by chance, if they manage to win then arise the ‘decision’. A definitely hard decision to make, between the three…..

Published in: on February 18, 2013 at 16:00  Comments (2)  

Agony of choices

Thai Prime Minister Yingluck Shinawatra

Thai Prime Minister Yingluck Shinawatra

Too many people face the agony of making the choice. However, it is not true for Prime Minister Dato’ Seri Mohd. Najib Tun Razak on who he would want to pick up the phone and ask for favours.

According to PKR Vice President N Surendran, Prime Minister Najib “Called Thai Prime Minister Yingluck Shinawatra”, so that rogue Thai Drama-Queen-cum-Funky-Pathologist Pornthip Rojanasunand ‘refuse to come over and ascertain the death of Sugumar.

In PKR leaders’ such as Surendran, PKR MP for Subang R. Sivarasa and Latheefa Koya, it must be Pornthip or no one else. Doesn’t matter if she has proven to ‘Flip-Flop’ in her own opinion how former aide to Selangor Exco Ean Yong Toeh Being Hock had died. They had to have the drama, to make the Police look bad again.

It was a nice solid slap to Surendran’s, Sivarasah’s and Koya’s face. Prime Minister Najib’s denial of any communication with Prime Minister Shinawatra in Ipoh last Friday was not heeded. As they dramatists as they are, they had to make the lie continue to be political. Now, Surendran and Koya accuse Prime Najib of lying.

PKR leader-sponsored online media Free Malaysia Today’s story:

Najib’s denial is a lie

K Pragalath

| February 16, 2013

PKR vice-president N Surendran and activist Latheefa Koya maintain their claim that the prime minister did stop Dr Pornthip Rojanasunand from coming here.

PETALING JAYA: PKR vice-president N Surendran and activist Latheefa Koya have reiterated that letters between the Thai Justice Ministry and renowned pathologist Dr Pornthip Rojanasunand proves that Prime Minister Najib Tun Razak lied when he told the media that the Malaysian government did not stop Pornthip from conducting a post-mortem here.

The two lawyers who are representing the family of the late Sugumar, the 40-year-old security guard who was handcuffed and allegedly beaten to death by the police, said the government had prevented Pornthip from performing a second autopsy on Sugumar, who is yet to be buried although he died some two weeks ago.

“Pornthip had said that Thailand’s Ministry of Justice had informed her that there was communication from the Malaysian government on their displeasure against her, especially in her role in the earlier case of Teoh Beng Hock.

“In diplomatic language, this is a clear message from the Malaysian government that Pornthip is not welcome in Malaysia for purposes of the second autopsy on Sugumar,” they said in a press statement in response to Najib’s denial.

Yesterday, Najib refuted allegations that he prevented Pornthip, who is also a director of the Central Institute of Forensic Science at the Ministry of Justice, Bangkok, Thailand, from conducting a second post-mortem on Sugumar.

“It is not true… these are all fairy tales. Don’t listen to it. Not at all,” Najib was quoted as saying.

Sugumar was detained and allegedly beaten to death by four police personnel and a group of mob in Hulu Langat on Jan 21. The following day, a post-mortem conducted in Serdang Hospital concluded that Sugumar died of a heart attack.

The findings were disputed by the family who wants a second post-mortem. Surendran has been requesting for the second post-mortem to be conducted by Pornthip.

Surendran and Latheefa also claimed that there is a letter from the Thai Justice Ministry to Pornthip that clearly stated that the Malaysian government was against her conducting a second post-mortem on Sugumar.

“Najib’s denial is further contradicted by the existence of a letter from the Thai Ministry of Justice to Pornthip stating in effect that the Malaysian government was against her conducting the second autopsy. That letter was dated Feb 14 and was a follow-up to communications on this subject between the Malaysian and the Thai governments.

Surendran and Latheefa urged Najib to “immediately lift all diplomatic and administrative obstacles against the pathologist”.

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

If it is true Prime Minister Najib did not call Prime Minister Shinawatra to stop Pornthip from coming to Malaysia, then this matter should be stopped. However it is interesting to ponder on the event that he did call her and ask Thai authorities to do the favour.

It made a lot of sense. The problem is addressed at the source. After all, Pornthip could just make her prognosis just from photos. We are almost sure that between Surendran, Sivariasah and Koya, they have enough photos in the right pixel and definition to send it over to Pornthip in any of their preferred medium, so that she could make another ‘Dramatized pathological opinion’ on Sugumar’s death.

For that matter, anyone found dead.

Insurance companies would probably then use the same technique and get Pornthip to make an opinion whether someone is ‘murdered or committed suicide’, just by her looking at high definition photos.

These companies might be based in Australia too.

Australian Prime Minister Julia Gillard

Australian Prime Minister Julia Gillard

Never the less, Prime Minister Najib did not pick up the phone and call Australian Prime Minister Julia Gillard recently. At least not in the case of  Nick Xenophon. Immigration Department had to be open on why Xenophon was denied entry at the border and immediately send him back on the next available flight back to Melbourne.

Never before Federal Government agencies had to justify why an alien is denied entry and was turned back, as if the pleasure to come into the country is one’s right instead of privilege.

It is not rocket-science why Prime Minister Najib did not make the same choice with the legally-never-married Australian Prime Minister, as he did with the Thai Prime Minister. It was never an agony of choice. Apparently, it is a very common trait that Prime Minister Najib posses some degree of Pornthip’s ability with sight.

Published in: on February 17, 2013 at 23:59  Comments (6)  

Forum PRU

For Selangorians….

*Updated 0300hrs

Published in: on February 16, 2013 at 23:59  Leave a Comment  

“Nik Aziz pun tarak faham Islam sekarang”

“Tok Guru Nik Aziz pun tarak faham Islam sekarang. Ustaz Hj Hadi Awang pun dah tatau. Dia ikut saja”. That is what Opposition Leader and Ketua Umum PKR Anwar Ibrahim said to Sabah Chinese community a few days ago.

The full story is here.

Anwar, being his usual self, would say different things to different sets of people. As long as he can continue to mesmerize them at that moment of time to support him, even with the means via deception or back-stabbing his own political coalition partners.

The most controversial issue at play is the ‘Kalimah Allah’, especially in literature such as Malay bibles. PAS as coalition partners to PKR and DAP said it is unacceptable. It is a real slap in the Oppositions’ face, on top of other fundamental issues such as sale of alcohol near the mosque in a Malay centric suburban, prosetylisation of Muslims, PAS’s need to reinvigorate Hudud and the more recent ‘Unisex saloon’ and ‘Khalwat’, both in Kelantan and being imposed against the Chinese.

All of these are biting back hard at the Opposition and a clear demonstration that they cannot agree even on fundamental issues. And as the 13GE is very much round the corner, Anwar who is the only element that gels the highly fragmented PKR together and DAP and PKR are able to sit as partners in a coalition, had to resort to his usual lies, twisting of facts, manipulation of sentiments and playing with emotions.

More now than ever.

People like this shouldn’t be trusted for anything and everything. They are not just untrustworthy. They will stab you in the back whenever you turn the other way, for the pettiest short term gains. And they will sell even their own mothers for a whiff of political pleasure.

*Updated midnight

Published in: on February 14, 2013 at 22:30  Comments (5)  

DAP supporting PAS on ‘Valentines Day’ ban?

The dead Chinese can be seen in the bottom of the photo

The dead Chinese young lady can be seen in the bottom right of the photo

A 18 year old woman was found dead on the floor of the ground in Berjaya Times Square huge atrium, after a fall from one of the upper floors. It is unclear whether she jumped or being pushed of the balcony. However, witnesses said there was an argument heard.

We are waiting for DAP Leaders to be their usual self and start to blame authorities be it the Police, MACC, Royal Customs or even PTPTN for this sudden death. Just like in the case of Teoh Being Hock. They exploited the sudden death just hours after the aide to Selangor Exco Ean Yong Hian Wah was found dead.

In the classic case of ‘Nude Ear-squat in the Police Lockup’, MP for Seputeh and DAP Publicity Secretary Teressa Kok even blame the Police for mishandling a Chinese national. That stirred a lot of attention and even controversy.

It turned not  only she is not from China, she is not even Chinese ethnic. It was one of PM ‘Flip-Flop’ Abdullah Ahmad Badawi’s memorable diplomatic blunder.

The Chinese Chauvinists in DAP has never been fair when it comes to the death of Chinese. They are quick to exploit and manipulate the situation especially in the confusion of a situation which needed a further detailed investigation.

This is part of the Opposition’s ‘Politics of Hatred’ strategy.

What is interesting to ponder, is this death related to a ‘crime of passion’. Considering that today is the global dedicated celebration of lovers and lovebirds. Did the young lady argued with her boyfriend, just before she was found dead? Did that lead to an accident or even a compulsive suicide?

It is, then DAP should be supporting PAS’ intention to ban the celebration of ‘Valentine’s Day’. That is consistent in the espirit d’corp. After all after DAP Secretary General Lim Guan Eng’s call for Federal Government’s allowance for  ‘Kalimah Allah’ in Malay bibles which did not augur well amongst PAS members, they need to show comradeship.

DAP should exploit this circumstance of grievance. Distastefulness has never not been one of their leaders’  disgusting traits.

Published in: on February 14, 2013 at 20:00  Comments (1)  

Remembering the gallant Malays at Bukit Chandu

The bronze statue depicting three 1 Malay Regt heroes, defending Pasir Panjang and Bukit Chandu 13-14 Feb 1942, at the Reflections a t Bukit Chanud Memorial

The bronze statues depicting three 1 Malay Regt heroes, defending Pasir Panjang Defensive Line and Bukit Chandu 13-14 Feb 1942, at the Reflections at Bukit Chandu Memorial

In our books, 14 February is not a celebration of lovers. It is a day to remember the seven Malay officers and 146 men of 1st Malay Brigade who gave the ultimate sacrifice at Point 226 of the Pasir Panjang Defense Line on the Kent Ridge, Singapore, commonly known as Bukit Chandu.

These untested warriors stood and held on the line. They have shown unsurpassed loyalty to undertake instructions and demonstrated outstanding fighting capabilities within three days of battles. The British High Command described them as ‘uncommon valours’. Theee Federated Malay Regiment warriors sacredly upheld their motto ‘Taat Setia’

Cap badge of Malay Regiment: 'Taat Setia'

Cap badge of Malay Regiment: ‘Taat Setia’

They upheld to the letter of the legacy that the Malays are great and extraordinary brave warriors and very loyal to their leaders.

Today, we remember them. Malaysians should remember these men who started as members of experimental platoon in 1933 were formed into 1st Federated Malay Regiment in November 1938 and 2nd Federated Malay Regiment formed in March 1941, are now being represented by 25 different battalions of the Royal Malay Regiment.

Doa for uncommon valours of 1 and 2nd Federated Malay Regt: (dari kiri) Brig Gen Rahim, Jen PAT Tan Sri Zulkifli Zain, Defence Minister Dato’ Seri Dr Ahmad Zahid Hamidi, Deputy Defence Minister Dato’ Dr Latif Ahmad and President of RAMD Club  Col (Rtd) Malik Alwi

Last year, Defence Minister Dato’ Seri Ahmad Zahid Hamidi made a historic visit to Bukit Chandu Memorial on the 70th anniversary of the battle. We at  BigDogDotCom reiterated our suggestion that Port Dickson be re-named Pengkalan Adnan, the leader of the bravest Royal Malay Regiment combat unit, as the nation’s validation to the contribution of the men and women of the Malaysian Armed Forces. On 1 March, the Army celebrate its 80th anniversary.

His Majesty Seri Paduka Baginda Yang DiPertuan Agong Tuanku Sultan Abdul Halim Muadzam Shah Ibni Sultan Badlishah as Sultan Kedah is the Royal Malay Regiment’s Colonel-in-Chief.

A special tahlil would be held this evening at the mosque in Wardieburn Camp, Jalan Genting-Klang, Setapak. May Allah s.w.t. bless all the fallen uncommon valours, from this day 71 years ago and throughout all armed conflict and other engagements members of the ATM have committed themselves in upholding the principles on behalf of the nation.

Published in: on February 14, 2013 at 08:30  Comments (15)  

The Four-in-Triple finger lickin’ good

MD of Triple Platform S/B, about to have the ‘Finger lickin’ good’ experience

It is final. It was inked during the tail end of the lunar year of the dragon. QSR Brands Bhd.  and  Johor Corporation Bhd.’s (JCorp) cash-cow KFC Holdings (M) Bhd. have been taken lock, stock and barrel by new SPV Triple Platform Sdn. Bhd. (TPSB) and now a private company. It was announced part of the restructuring plan and the ‘new KFC’ (probably still using the company name QSR), TPSB would be relisted in Bursa Malaysia within the next four years.

Triple Platform to be relisted

Published: 2013/02/07
Triple Platform Sdn Bhd, the temporary holding company for KFC Holdings (M) Bhd and QSR Brands Bhd, will be relisted on

Bursa Malaysia in another four to five years after its privatisation, Managing Director Datuk Ahmad Zaki Zahid said.

He said the company, which was delisted today, would restructure the whole management by consolidating KFC Holdings (M) Bhd and QSR Brands Bhd into one management.

“Right now, we are attempting to name our company QSR. But that is subject to approval,” he said at the launch of KFC’s 58th Projek Penyanyang and Pizza Hut’s Nationwide Delivery.

Ahmad Zaki, who thanked the shareholders for their support, said a new board of directors would be announced by the third week of February.

He is confident that with the merging of two brands under one roof, the companies would work together and focus on improving their revenues and benefitting their shareholders.

On outlook, Triple Platform hopes to achieve nine to 10 per cent increase in revenue to RM4 billion in 2013, from last year’s RM3.6 billion.

In order to achieve its target, the company has allocated RM170 million this year to renovate and refurbish its KFC and Pizza Hut outlets.

At present, Triple Platform has more than 1,000 KFC and Pizza Hut outlets nationwide and in other countries such as Singapore, Brunei, Cambodia and India.

Today’s event was held in conjunction with Chinese New Year celebration, where orphans and the elderly from five homes were invited. — Bernama

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The deal is for RM 2.465 billion and the terms is cash. Triple Platform Sdn. Bhd. (TPSB)  raised the cash for the outright acquisition.

TPSB  is wholly owned by Massive Equity Sdn. Bhd. (MESB). 51% of MESB is owned Business Chronicles Sdn. Bhd. (BCSB), where the shareholders are JCorp and IWH Resources Sdn. Bhd. (IWHR). IWHR is a wholly owned company by Iskandar Waterfront Holdings Sdn. Bhd. (IWH), a joint venture between Kumpulan Prasarana Rakyat Johor (KPRJ) and Credence Resources Sdn. Bhd. (CRSB), a company controlled by notable contractor-turned-developer Tan Sri Lim Kang Hoo.

The other 49% portion of MESB is own Melati Ehsan Sdn. Bhd. (MESB II). The shareholders of MESB II are EPF (52%) and UK based venture capitalists CVC Capital Partners Ltd. (48%). CVC has representatives in Singapore.

It is also interesting to note that Johor State Government injected RM 50 million of Tabung Warisan Johor into this TPSB structure. The fund was created when Deputy Prime Minister Tan Sri Muhyiddin Mohd. Yassin was still the Menteri Besar Johor and  the purpose is to maintain and preserve various heritage buildings and sites all over Johor. This investment in TPSB will ensure that fund is invested in a productive cycle.

BCSB raised RM 1.265 billion where else MESB raised the balance RM 1.2 billion. It was part of the the RM 5.12 billion deal for the acquisition of QSR Brands Bhd. and KFC Holdings (M) Bhd. and the restructured vehicle be taken private. Earlier this month, the delisting from Bursa Malaysia is made final.

The new structure of QSR and KFC under Triple Platform Sdn. Bhd.

The new structure of QSR and KFC under Triple Platform Sdn. Bhd.

What is interesting note is the deals that were layered to make this TPSB deal happened. JCorp entered into a ‘Subscription Agreement’ with IWHR and IWH for the injection of funds into BCSB. Since IWH raised the cash from syariah compliant instruments, the commercial papers are backed with an agreement with JCorp as the partner in BCSB.

The deal is that since JCorp is controlling the management of TPSB, they are expected to list the SPV company within four years. The commercial papers have a coupon value of 12% and maximum of 20%. The stake for the deal is RM 600 million worth of ‘pre-determined properties’ of JCorp, as a ‘safety catch’ for the stakeholders of BCSB if TFSB is not listed as planned within four years.

The stake is very palatable to corporate playmakers, considering JCorp owns prized properties around central Johor Bahru such as Menara Ansar, Puteri Pacific, Persada Convention and KOMTAR. Also at stake is believed to be Pusat Bandar Damansara.

'Level Four Boys' Chief Policy Officer Dato' Ahmad Zaki Zahid, now MD of Triple Platform S/B

‘Level Four Boys’ Chief Policy Officer Dato’ Ahmad Zaki Zahid, now MD of Triple Platform S/B

That is not a surprise since the controlling personality of IWH is Tan Sri Lim Kang Hoo, via CRSB. Lim is already the ‘Property King’ in Greater Johor Bahru and he made no qualms about talking aloud of his grand plan to take southern-most city in mainland continent Asia into various mega project business deals. Lim enjoys a strong nod from Johor State Government via KPRJ, Federal Government, via Iskandar Region Development Authority (IRDA) and Khazanah Holdings Bhd., via Iskandar Investment Bhd.

Lim is also a personality who gets the attention if not support of HRH Sultan of Johor and Prime Minister Dato’ Seri Mohd. Najib Tun Razak.

These layered deals could not be the brainchild of Lim on his own, even though he is seasoned corporate player. It is a series of restructuring corporate manuevres and sophisticated merchant banking deals, pieced by experienced corporate players. It is almost like the handiwork of ‘Level Four Boys’.

Dato’ Ahmad Zaki Zahid has been placed right in the middle of JCorp Group and with executive power, especially within Kulim Bhd. Kulim is the parents company of QSR and KFC. Zaki was PM ‘Flip-Flop’ Abdullah Ahmad Badawi’s Chief Policy Officer and was instrumental in many of the ‘Level Four Boys’ corporate maneuvers. Iskandar Malaysia (then Iskandar Development Region) was an economic corridor created by Zaki and his cohorts of ‘Level Four Boys’ agents.

Khazanah’s ‘chief architect’ for Iskandar Malaysia Ganen Sarvananthan

Probably Ganen Sarvananthan is also in this picture. Ganen, who has been in Khazanah since the days of ‘Level Four Boys’ reign supreme is Khazanah’s ‘corporate maneuvres architect and master planner’. These ‘Level Four Boys’ combined network especially in the financial and capital market is very much strong across the Johor Straits.

These ‘Level Four Boys’ probably pieced the layered agreements together and utilised Lim’s vehicle for the deal. It is a good cover since Lim is a trusted corporate player in Greater Johor Bahru and Prime Minister Najib’s endorsement for all the projects being developed falls into slots of the latter’s economic transformation programs. Lim’s clout would mean that the dealmakers would make a clean home run with their corporate deals.

On the other hand, only personalities like ‘Level Four Boys’ could piece a layered agreement where a party which pumps in RM 250 million cash, which effectively is just a mere 10% of the cash raised, stand to gain having the controlling power of RM 600 million worth of ‘pre-determined properties’ if the deal did not come through as planned.

It is interesting to note that JCorp’s restructuring plan (which include this one) is being advised by JP Morgan. It is unclear why a foreign investment bank is sought for the restructuring exercise instead of local investment banks but all the guesses would easily point to the same direction. JP Morgan fee for the JCorp job has been rumoured to be RM 60 million. That is 25% of TPSB’s 2013 projected profit before tax.

Then again having local investment bankers as advisers (such as the FGV IPO late 2011 and early 2012) means that probability of ‘hanky panky’ via layered deals unseen into the public’s radar scope, is very much reduced.

Wan Ahmad Firdaus Wan Ahmad Fuaad

Another personality which was appointed into Kulim (M) Bhd. BOD the same time as Zaki is Wan Ahmad Firdaus Wan Ahmad Fuaad has left JCorp. It has been rumoured that he had joined JP Morgan. If it is true, then there are serious conflict of interest in this restructuring job. JCorp also appointed Eddie Leung into Kulim BOD, the  same day as Zaki and Wan Firdaus.

Let us put the caveat of where KFC is going and what is at stake. It is all and well that Zaki as the new MD for TPSB announced that KFC and Pizza Hut would be transformed and new outlets around the region would be added. New business activities such as upstream food production and farming would be introduced and he intends to increase the turnover of the group by 10% and achieve the RM 4 billion mark.

Steady growth and maintaining good profitability would seal the deal for TPSB be re-listed again in Bursa Malaysia within the next four years.

However, what if TPSB fail to do so. Especially due unforeseeable phenomenons such as volatile weather (El Nino and El Nina), haze due to jungle burning around the region and diseases (SARS and Bird Flu). Upstream food production especially farming is very elastic to these elements.

JCorp’s structure when Zaki, Wan Firdaus, Eddie Leung and Natasha were brought in

It was argued in the past that JCorp is unhappy for a long time with its stake in KFC is via QSR and Kulim. JCorp is the ultimate shareholder of the lucrative fast-food businesses of QSR and KFC. Its interests in both the companies are held through its 53%-owned subsidiary Kulim (M) Bhd, whose main business is in the plantation sector. Kulim owns a 57.5% stake in QSR, which in turn, owns a 50.6% stake in KFC.

Not only JCorp does not enjoy the profitability of KFC via layered stakeholders, the journey is not without several notable boardroom tussles. The pressing need to restructure the RM 6 billion group financial commitments and exposures and KFC being the most profitable and solid cash-cow in the JCorp, has been exploited as the opportunity presented itself.

It is true after this JCorp’s interest in TPSB is via a thinner layer than it was before. In fact, JCorp could enjoy the better returns. However, it is interesting to also note that even though JCorp’s holding is the single largest after the restructuring, the effective interest in TPSB is only 26.8%. Johor State Government’s interest via KPRJ is 8.9%. The combined two (Johor’s stake) is 35.7%.

The Non Bumiputra stake in TPSB is reflected with CRSB (15.2%) and CVC (23.5%).

Iskandar Waterfront Holdings Sdn. Bhd., which Lim Kang Hoo plans to list in  not to distant in the future

Iskandar Waterfront Holdings Sdn. Bhd., which Lim Kang Hoo plans to list in not to distant in the future

The forfeiture of the RM 600 ‘pre-determined properties’ if salient points within the subscription agreement of BCSB means that Johor State Government’s stake (via KRPJ) is preserved in IWH. However it is hardly ‘From left pocket into the right pocket’ since KPRJ is not the controlling shareholder in IWH and Johor’s interest would be at the behest of Lim.

It is hardly a mystery on JCorp’s offer to IWH for the partnership stake of BCSB instead of entities which will benefit the Bumiputra interests such as PNB, Tabung Haji or FGV. Tabung Haji and FGV are very much into upstream food production activities. Then again, these ‘Level Four’ individuals would have limited space and opportunity to do ‘corporate maneuvres’ via these highly regulated GLCs.

People are often reminded to let bygones be bygones and move on. However, this noble virtue should not apply to the ‘Level Four Boys’. Whenever they have a whiff of power, they would exploit it at the expense of the bigger majority. The deal was inked in the lunar year of the black water dragon. Then again, the water snake is a very lethal animal. Especially, when snakes with previous killings still roam free as predators.

It is unclear how these ‘Level Four’ individuals benefitted from the Triple Platform deal. However, what is certain some people are enjoying their new found prize and lickin’ their fingers (and God forbids, eventually someone else’s fingers too), really good.

Published in: on February 13, 2013 at 09:30  Comments (16)  

Ministry of Justice website hacked

Since three am this morning, it was discovered that the Ministry of Justice website was hacked. “Sofea inside” made their presence.

Ministry of Justice hacked

Ministry of Justice hacked

Continued

Continued

THe last of the 36 wish list

THe last of the 37 wish list

The next would be other Ministries and strategic Government Departments. And eventually BN leaders. A communications officers serving with one of the Deputy Ministers received the call in the wee hours of the second morning of Chinese New Year public holiday.

The hackers managed to break the firewall that protected some of these websites. It is not sure that this is just prank, a malice intent or politically motivated. If this is politically motivated and undertaken by agents of the Opposition cybertroopers or cyberunits, then they are successful in making the Malaysian public suffer.

It does come as a surprise since a month ago Opposition Leader Anwar Ibrahim reiterated the proclamation that they would do chaos and start a ‘Malaysian Spring’ the moment they lose from ascending power at Putrajaya in the upcoming 13 GE and former IGP Tan Sri Musa Aman already forewarned that this would be happening when the majority decide against what the minority wanted.

On top of that, pro-Opposition NGO such as anti-Lynas leader Wong Tuck also made proclamation that he would ‘personally burn Lynas plant down if BN wins again in the 13 GE’. It is very apparent they are lawless and stop at nothing to meet their desired objective, even at the expense of destroying properties and hurting people. This is anarchy, if not terrorism-induced chaos.

This website hacking matter is for the Police and Malaysian Communication and Multimedia Commission to seriously investigate. This is an act of cyber-anarchy, to say the least.

Published in: on February 12, 2013 at 11:00  Comments (3)