Hantu Laut
I hope this would be the beginning of the end of spoiling Malaysians with all those subsidies and the beginning of taking the nation to higher level. The Prime Minister is doing the right thing to do away with the subsidies in phases so as not to burden the people.
Removing the subsidies must be replaced by increase in income for the people.Malaysia must move out of the low-cost mindset and into higher productivity and higher per capita earning.
Malaysians still have low productivity compared to places like Singapore, Hong Kong, Taiwan and South Korea. These are the countries we should be using as our yardstick to higher productivity and better growth.
The "omong-omong kosong" culture during working hours are some of the reasons for low productivity. Malaysians have the tendency to while away instead of while-you-wait in performing their tasks and the biggest culprits are public servants.
Increase wages but make sure they give back in return better output.The PM should also assure Malaysians that the saving would not be wasted on cronism and corruptions.
Friday, July 16, 2010
Thursday, July 15, 2010
Keuntungan Felda Dan Sime Darby Memalukan Bumiputra
Hantu Laut
You don't need to be an accountant or an economist to know there is something very wrong in Felda if what was published here are factual information that can be relied on.A businessman with some good experience can tell by looking at the figures that there is something very wrong not only with Felda but the juggernaut Sime Darby is equally suffering from blossom blight.
In spite of its claim of social obligations it surely can't be that bad. Performing far below the industry's standard should have raised alarm bells.Obviously, it did not.
Sime Darby's performance is even more embarrassing.For a company that will be 100 years old come this October and claimed to be the biggest plantation company in the world, its profit is, let me use a Malay word, memalukan.
Obviously, those in government responsible for keeping tap of government investments are happy with the paltry sum Felda and Sime Darby make compared to those made by the public-listed companies run by China men, which is the industry standard.
How the hell can Felda and Sime Darby having three times bigger acreage giving almost same yield as the two private companies with much less acreage produced such miserable profits.
Felda claimed social obligations can Sime claim the same? Felda's excuse for the low return is also not acceptable.There must be other factors that have eroded the profit so badly.An investigative audit of the accounts is imperative if the government sincerely wants to know what, why and where it has gone wrong.
No matter how you juggle the figures and tried to make sense of the low earnings it just wouldn't make sense.Felda and Sime's profits should have been far far greater than the two public-listed companies unless 50 percent of their plantations are non-yielding.
The question now is why Mohd Bakke Salleh who was Felda's CEO and with the kind of dismal performance in Felda was transferred to helm Sime Darby?
IOI is a public-listed company headed by the Executive Chairman Dato Lee Shin Cheng and Wilmar International is another public limited company headed by its Chairman/CEO Kuok Khoon Hong.These Chinaman's (not being racist here) managed companies have less acreage but many times more profit.
That tells you volume about bumiputra management.
The Prime Minister should get down to business and demand an explanation from the CEOs of both companies why the "keuntungan yang memalukan."
These are events before he became prime minister, he could demand an explanation.
More in depth analysis to come.
The analysis and conclusion are based on the following assumptions:
1.All above figures given are correct
2.Profits for all 4 companies were purely from oil palm business.
3.Profits based on same year and full year basis.
You don't need to be an accountant or an economist to know there is something very wrong in Felda if what was published here are factual information that can be relied on.A businessman with some good experience can tell by looking at the figures that there is something very wrong not only with Felda but the juggernaut Sime Darby is equally suffering from blossom blight.
In spite of its claim of social obligations it surely can't be that bad. Performing far below the industry's standard should have raised alarm bells.Obviously, it did not.
Sime Darby's performance is even more embarrassing.For a company that will be 100 years old come this October and claimed to be the biggest plantation company in the world, its profit is, let me use a Malay word, memalukan.
Obviously, those in government responsible for keeping tap of government investments are happy with the paltry sum Felda and Sime Darby make compared to those made by the public-listed companies run by China men, which is the industry standard.
How the hell can Felda and Sime Darby having three times bigger acreage giving almost same yield as the two private companies with much less acreage produced such miserable profits.
Felda claimed social obligations can Sime claim the same? Felda's excuse for the low return is also not acceptable.There must be other factors that have eroded the profit so badly.An investigative audit of the accounts is imperative if the government sincerely wants to know what, why and where it has gone wrong.
No matter how you juggle the figures and tried to make sense of the low earnings it just wouldn't make sense.Felda and Sime's profits should have been far far greater than the two public-listed companies unless 50 percent of their plantations are non-yielding.
The question now is why Mohd Bakke Salleh who was Felda's CEO and with the kind of dismal performance in Felda was transferred to helm Sime Darby?
IOI is a public-listed company headed by the Executive Chairman Dato Lee Shin Cheng and Wilmar International is another public limited company headed by its Chairman/CEO Kuok Khoon Hong.These Chinaman's (not being racist here) managed companies have less acreage but many times more profit.
That tells you volume about bumiputra management.
The Prime Minister should get down to business and demand an explanation from the CEOs of both companies why the "keuntungan yang memalukan."
These are events before he became prime minister, he could demand an explanation.
More in depth analysis to come.
The analysis and conclusion are based on the following assumptions:
1.All above figures given are correct
2.Profits for all 4 companies were purely from oil palm business.
3.Profits based on same year and full year basis.
Racism Rears Its Ugly Head
Hantu Laut
We screamed,we shouted, we wrote and we accused each other of racism.The non-Malays accused Perkasa of being racist, perpetuating a racist agenda and Ibrahim Ali as the mother of all racists.
The Malays accused the DAP as a Chinese racist party spearheading a chauvinist Chinese agenda and Lim Kit Siang as the mother of all chauvinists.
We think America, the US , is free of racism. Watch the video below and see what true racism is all about.
"Islamophobia!" says one man.
"A terrible mistake. A mosque, a monument of terrorism" says one lady.
A mosque, a monument of terrorism?
Never heard of that before.
Surely! a little learning is dangerous.
What has building a mosque got to do with 9/11 ?
We screamed,we shouted, we wrote and we accused each other of racism.The non-Malays accused Perkasa of being racist, perpetuating a racist agenda and Ibrahim Ali as the mother of all racists.
The Malays accused the DAP as a Chinese racist party spearheading a chauvinist Chinese agenda and Lim Kit Siang as the mother of all chauvinists.
We think America, the US , is free of racism. Watch the video below and see what true racism is all about.
"Islamophobia!" says one man.
"A terrible mistake. A mosque, a monument of terrorism" says one lady.
A mosque, a monument of terrorism?
Never heard of that before.
Surely! a little learning is dangerous.
What has building a mosque got to do with 9/11 ?
Exposing The "Tong Tahi" ?
Hantu Laut
I am against clamping down on publications that the government is not happy with in exposing its "tong tahi" literally the "sewers."
I have mentioned in my earlier article that the rightful thing to do is to sue the newspaper for defamation which Felda already has.Stopping its publication only make the people more suspicious that the government has something to hide.
If the allegation is not true than the government should publish Felda's audited account in one of the MSM to counter the lies spread by the opposition.
Felda's accounts should not be a secret.It is a company owned by the people particularly the Felda's settlers and the accounts should be made readily available to the public.
Losing money in business is a common thing as long as there were no wrongdoings the people would not be losing their heads..Government should not be intimidated to not telling the public the truth.
People can accept genuine losses from doing business but not if someone is stealing from the company.Such crimes should be exposed and the perpetrators punished according to the law.
I am afraid UMNO hasn't change, the BN hasn't changed and the Prime Minister hasn't changed.
If they think this is still the best way to run the nation than my sympathy goes out to them.
Many thanks to the Minister of Home Affairs Datuk Seri Hishamuddin Onn for his "No political agenda behind action on publications" explanation here.
Below is an opinion on the same issue.
And more worryingly, the same attitude of wanting to remain in power at all costs is gaining speed. Just look at the manner the Home Ministry is handling the publishing permits of the opposition newspapers. All three party organs, starting with PKR's Suara Keadilan, and then Harakah's PAS and now DAP's The Rocket, share the risk of not knowing their future, for allegedly violating their permits.
If the BN government is truly honest about introducing changes to reflect its new mindset in governance, it should not be worried about letting the opposition parties print their organs. After all, these newspapers are there to carry out the agenda of the opposition, and naturally to criticise the BN government. What's wrong with that? Continue reading..
I am against clamping down on publications that the government is not happy with in exposing its "tong tahi" literally the "sewers."
I have mentioned in my earlier article that the rightful thing to do is to sue the newspaper for defamation which Felda already has.Stopping its publication only make the people more suspicious that the government has something to hide.
If the allegation is not true than the government should publish Felda's audited account in one of the MSM to counter the lies spread by the opposition.
Felda's accounts should not be a secret.It is a company owned by the people particularly the Felda's settlers and the accounts should be made readily available to the public.
Losing money in business is a common thing as long as there were no wrongdoings the people would not be losing their heads..Government should not be intimidated to not telling the public the truth.
People can accept genuine losses from doing business but not if someone is stealing from the company.Such crimes should be exposed and the perpetrators punished according to the law.
I am afraid UMNO hasn't change, the BN hasn't changed and the Prime Minister hasn't changed.
If they think this is still the best way to run the nation than my sympathy goes out to them.
Many thanks to the Minister of Home Affairs Datuk Seri Hishamuddin Onn for his "No political agenda behind action on publications" explanation here.
“It is better to keep your mouth shut and appear stupid than to open it and remove all doubt.” Mark Twain
Below is an opinion on the same issue.
Censorship in bad faith
NEW Many would have assumed that Barisan Nasional was serious in wanting to revamp itself to remain relevant in the aftermath of the pounding it had received in the 2008 general election. In the days which followed the ruling coalition's heaviest defeat, many leaders said that it was time to do things differently -- discard the old mindset, rebrand the component parties and take up the challenge thrown at them by the rakyat to change.
Najib Tun Razak, who assumed the premiership soon after the polls debacle, then came up with various innovative policies to stamp his mark as the new-breed leader who was willing to listen to the rakyat. In came the walkabouts in your neighbourhoods, the various measures of how the government would conduct its business and his brainchild, the 1Malaysia concept, introduced with the intention of making us, the rakyat, feel that we belong to this nation and that we are one and united.
However two years on, and after numerous self-reminders that BN needs to change for the better, things seem to be the same in this country, if not for the worst. The same old BN mindset of “I-know-the-best-for-you” is still prevalent. The same Umno-lording over BN component parties is still visible. Corruption, transparency, open-tender processes, merit-based university entrances and scholarships and even general cleanliness of our localities are all issues of great concern for the rakyat.And more worryingly, the same attitude of wanting to remain in power at all costs is gaining speed. Just look at the manner the Home Ministry is handling the publishing permits of the opposition newspapers. All three party organs, starting with PKR's Suara Keadilan, and then Harakah's PAS and now DAP's The Rocket, share the risk of not knowing their future, for allegedly violating their permits.
If the BN government is truly honest about introducing changes to reflect its new mindset in governance, it should not be worried about letting the opposition parties print their organs. After all, these newspapers are there to carry out the agenda of the opposition, and naturally to criticise the BN government. What's wrong with that? Continue reading..
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