HAPPY NEW YEAR!

Hantu Laut

GREETINGS FROM HANOI.

Out of action the past five days, down with food poisoning while in Phnom Penh.

Horrible! Horrible!

On drip for 12 hours at private hospital in Phnom Penh. The joke is, I think, got it from the 'baked moule' at one of the renowned French restaurants (can't name it, in case they sue me) in Phnom Penh.

Missed my Air Asia flight on Tuesday 8.35 a.m, ticket washed out. Luckily, with friend at MAS in Phnom Penh managed to catch MAS 11.15 a.m to KL same morning, spent two nights in KL to recuperate.

Left for Hanoi Thurday morning and staying at one of the hotels in the Old Quarters.Weather fantastic. Halong Bay on Monday.

Hanoi is gearing up for the big bash tonight.Can see huge preparations for the countdown all over the city with stages and huge sound systems erected in many places.

WISHING FRIENDS AND ALL MALAYSIANS A HAPPY NEW YEAR

MERRY CHRISTMAS

MERRY CHRISTMAS TO ALL MY CHRISTIAN FRIENDS AND READERS AND TO ALL MALAYSIANS

MAY WE SHARE THIS JOY OF CHRISTMAS TOGETHER.

Is Selangor A Communist State?

Hantu Laut

If Malaysians think the BN is evil than they better watch out for this wolf in sheep's clothing which is slowly undressing itself to reveal the true colour of its coat.

Are these the people who promised good governance or a bare-knuckled administration?

Malaysians should start worrying about whether they are fit to be the alternative government as you can see they don't talk the talk and walk the walk.Bunch of twisters and liars.

I was taken aback when I read this article.

Is the 1 Malaysia poster or billboard obscene, racist or seditious in nature to justify its forceful removal? Did it in anyway contravened any of the by-laws of the council or was it a case of "absolute power corrupts absolutely"?

The Selangor Pakatan government is falling into the same quagmire that they accused the BN of, arbitrary abuse of power and worse they ignored the fact that 1 Malaysia is a national programme not a political party political agenda.It's supposed to encompass national unity.

To ban it just because the government of the day is the BN at Federal level and opposition in the state is unconstitutional.The BN government should drag the Selangor government to court before they put up more of such nonsense into practice.

Ronnie Liu, infantilised the issue demanding absolute righteousness in the Selangor government action of which he is the master mind, an initiated communist who believe in using strong arm tactic.Of course it is a political message, a message to unite the people which obviously is against the political agenda of DAP and Pakatan.

What happened to the Menteri Besar of Selangor has he merely become a rubber stamp to the DAP controlled Executive Council.

Is Sime Scrapping Bottom Of The Barrel?

Hantu Laut

I am not sure whether we should laud the action taken by Sime Darby against its executives and some of its former executives for its unprecedented whopping losses incurred the last year.

Is Sime looking for scapegoats? If it is than it may have looked in the wrong place.

What is the likelihood of recovering the money as the claim put forth is a pittance compared to the total loss and absurdly on the basis of accusation of mismanagement and incompetence and not misappropriation or corruption.

There is a clear distinction between the two.Mismanagement and incompetence are not criminal acts, misappropriation and corruption are.Sure, you can sue them for negligence which will be so tedious to prove.Was this action taken due to political pressure to appease the opposition?

The company also alleged that the five accused acted as a "decision-making unit" in the energy and utilities division and were responsible for the division's actions and omissions.

The question is what happened to Sime's Board of Directors, had they become redundant so much so that huge investments of capital nature are made by its executives and who select and approve the appointment of this bunch of incompetents?

Have the board not been negligent of its fiduciary duties to the shareholders. They are the trustees and the link between the shareholders and the executives.A company failure should be attributed more to the CEO and members of the board rather than its employees, putting asides wrongdoings of which the board should also take full responsibility.

A responsible board would have regular meetings to keep checks and balances.If such meetings are conducted regularly and board members are alert and responsible most problems could have been detected much earlier before they get out of hand.Obviously, the board is very much asleep leaving everything to the executives.

Why is it that every time a case like this came up the plaintiff or in the case of big corruption case the prosecutor always walk on weak ground?

Sime sued the five for breach of duties and asked for restitution of MR177 million.Why, only that amount when the total loss was MR2.1 million?Who is responsible for the bigger balance of losses?

The question again do the five have that kind of money considering how much Sime pay them every year?

Are there more cases in the pipeline or this will suffice to appease the public that the government is taking action.

We all know most GLCs are run by incompetents and they survived only when they have monopoly of the business, the moment the monopoly is removed and they have to compete on level playing field.....you know what follows.

Read the full story here.