Now this is a piece of news that might slightly appease former YB Wee Choo Keong. This ardent scrutineer of Malaysia Airlines have been slightly pacified by the fact that the misadvised share-swap between Air Asia and MAS (in substance, it was actually a takeover of MAS by Tony Fernandes and his cronies) had been … Continue reading »
Tag Archives: Malaysian corporate matters
Felda moved to financially punish lying politicians
There is something very telling about the legal suit by Felda today: Felda sues ANAK president and 6 others for defamation KUALA LUMPUR — The Federal Land Development Authority (Felda) today filed a defamation suit against Felda Settlers’ Children Association (Anak) president Mazlan Aliman, PAS secretary-general Datuk Mustafa Ali and five others over allegations that Felda sold its … Continue reading »
Tussle between two MAS unions
A reader sent this through the comment section: ______________________________________ PRESS RELEASE Urgent 28th December 2012 Protest Against Secret Ballot Exercise On MAS Cabin Crew & Claim of Recognition By National Union of Flight Attendants Malaysia (NUFAM) MASEU has been informed or given to understand that NUFAM has been registered and had sought recognition from Malaysia … Continue reading »
Proton and its hybrid misadventures
Back in February 2012, I wrote about the generous funds being given to Proton for the past few years in order for it to develop a national hybrid car. Bringing up to the speed on the little facts that we have gathered so far from the previous article I wrote: a) In 2010, Proton obtained … Continue reading »
Crows flocking together? – (Balfour, Halcrow, PKR)
Yesterday, we explored the possibility that Rafizi Ramli and Anwar Ibrahim had vested interests in seeing Balfour Beatty – Ingress consortium wins the Ampang LRT extension project. In one of the paragraphs, it was mentioned that Halcrow was selected to be an independent evaluator of the tender bids eventhough it was shown in records that … Continue reading »
Anwar Ibrahim’s LRT project
We heard so much news about the failed bid of Balfour Beatty consortium for the past few weeks. Parti Keadilan Rakyat had not been shy in organising weekly press conferences to disseminate information to the ignorant public about the alleged abuses of power and corruption that are plaguing our country. All these apparently are committed … Continue reading »
More dysfunctional stories about MAS unearthed
We all know that the criticisms levelled at Malaysia Airlines are nothing short of unpleasant and sometimes can be vicious. But this stemmed from the now cancelled share swap with MAS’ competitor Air Asia. One thing we can be sure, the need to criticise MAS is to see that it will regain its footing amongst … Continue reading »
IPO of Felda and its naughty detractors
I read with interest what Mazlan Aliman of Association of Felda Settler’s Children (ANAK) was going to do regarding the listing of Felda Global Ventures Holding (FGVH) to the public. I actually attended the launch of prospectus in Dewan Perdana Felda on 31st March 2012 where it was hoped that the IPO will change the … Continue reading »
Nazir Razak bastardising the New Economic Model
“I have strong opinions about how the NEP has been bastardised over the years”. That was what NAZIR RAZAK said in August 2010 about the National Economic Policy. He further said “it has come a long way from the social engineering experiment originally aimed at eradicating poverty, Nazir (left) said that the NEP has appeared to … Continue reading »
Proton hybrid cars – What is the status?
Update 28th February 2012: Another story involving Proton is highlighted by Rocky in his article – “Six million ringgit man”. Something fishy is going on there. Original article: I was researching about hybrid cars after my sister wanted to own one and I came across news articles about Proton’s hybrid cars. This is the first … Continue reading »
Further thoughts on the MAS/AirAsia issues
We take a break from talking about Azman Mokhtar and Danny Yusof as well as the bungle they and MAS are involved in with Tony Fernandes, AirAsia and QPR. Right now, we can safely say that MAS’ advertising investment is swirling around in the sink and will go down the drain anytime soon. The position … Continue reading »
Azman Mokhtar and Danny Yusof Must Go (Part 4)
To put things simple enough, RM18 million of MAS’ very important, very hard earned cash was given to another company belonged to one of its directors. Basically, a director of MAS, Tony Fernandes got RM18 million given to his other company – a football team, Queens Park Rangers (QPR). There is a massive conflict of … Continue reading »
Azman Mokhtar Must Go Now (Part 3)
Before we move further, let us look at the issue from other perspective for a bit and go straight to the real issue here. On top of the pile, is the Prime Minister, Dato’ Sri Najib Tun Razak who is also overseeing Khazanah Nasional by virtue of him being the Minister of Finance as well. … Continue reading »
Azman Mokhtar Must Really Go (Part 2)
In the first part of this article, we just scratched the surface of the lopsided sponsorship deal that benefited Air Asia more than MAS although the latter paid more money into the coffers of QPR. But that’s not all. There are more serious issues at stake. If we imagine all of us are the Board … Continue reading »
Azman Mokhtar Must Go (Part 1)
I have been monitoring the recent pandemonium surrounding our aviation industry concerning very top level personnel which is rather embarrassing and unprecedented in terms of its sheer implications. My last article regarding an apparent share swap between Air Asia and Malaysia Airlines (“MAS”) turned out to be an outright management takeover of MAS by Air Asia … Continue reading »