Hantu Laut
Does he know anything about doing business?
Can he interpret a "Balance Sheet" or read and make sense of "P&L" account statement, or understand what "PE" ratio is, or what is meant when a company is "highly geared" ? Has he any idea what is quick ratio/acid test or what are the negative aspects of "LBO" and what "insider trading" are?
I am sure this kampong bully who made it to the august house do not understand the intricacies of the corporate world.
Just because some smart sounding alecs and clueless opposition leaders and equally clueless bloggers criticised the share swap between the two companies, politically motivated and out of envy rather than concerned for financial probity.
Envy, because that Indian(Sri Lankan, if you wish, a good Ceylonese friend of mine refused to be called Indian, preferring to be called Jaffnese, which he thinks is more exotic) wiz-kid can do what they can't even dream of, let alone doing it.
Bung Mokhtar's grandstanding here.
Tony Fernandez is an icon of corporate Malaysia, a true entrepreneur, rag to riches story that one should emulate and be proud of. He has done more for this country than some of the asses in our august house.
From opposition leaders with politically motivated agenda, the dickhead leaders of MAS Union, to this hillbilly from Sabah, I suggest you know your subject first before you open your big mouth. MAS is a public listed company, anyone can buy into it.
Business is not run on emotion or sentiment, it's fuelled by money, the more the merrier.
Get it into your thick head, MAS is a very sick company, a cash guzzling monster ran by incompetent people.
When it was wholly owned by the government the accounts were never published publicly, so we have no way to gauge its performance then, keeping the people in the dark and it was taxpayer's money that kept it going.
We only come to know the state of its health and the incompetence of its management after it went public. The government should wash its hand off this sick baby, either privatise the airline or close it down and let free enterprise takes over the airline business in this country.
Air Asia has done more for air travel in this country than MAS ever did.It has made air travel affordable to the poor and low income group.
Unfortunately, MAS has still not woken up to its mistakes, the management is still fast asleep and they still have the highest fare among airlines in this region.They are only interested in winning stupid awards like "finest 1st class cabin service" and so forth.
While other airlines reduced fares to get bigger business volume, MAS is only interested in maintaining its "haute couture" image, which it can hardly afford.The only way it can survive is to sack half the workforce. Tony Fernandez and the new board should do just that.
To give you an idea on how incompetent those running the airline, I would like to show some online fares of various airlines from Kuala Lumpur to London.
I booked for my family of 4 adults and 2 children lowest fare of no less a premier and much superior airline than MAS on exactly the same dates.The difference is shocking.
MAS fares are an airline death wish.
Below are fare comparisons:
Adults 4, children 2. (London/KL Return)
MAS:MYR62,990
SIA:MYR22,934
EMIRATES:MYR27,264
ETIHAD:MYR26,984
KLM:MYR23,814
All are full-frills airlines. SIA is using Airbus A380 and MAS using its ageing B747 -200 and 400.
Those who think so great of MAS better think again.Just look at the prices.
All the other airlines fares are pretty close, which means, they understand competition, while MAS is still sitting on its laurel waiting for Santa Claus to save the airline.
Tony Fernandez has a track record of turning a loss making 2-plane airline formerly owned by the government, which he bought for a song and a huge debt and turned it into the pride of the nation. The biggest low cost carrier in Asia, making air travel a reality for the ordinary people.
What has Bung Mokhtar and all the bumiputras, who ran MAS have to show the world what good they have done for this country.
People who lives in glass houses should not throw stones.
He is a coward using parliamentary immunity to shield himself from libel action.
He should repeat what he said outside Parliament.