Here is a criticism from Godfather in my prior post.
Anonymoussaid...Syed: MAS has to rid itself of all a leeches. I'm astounded Badawi hasn't willingly resigned as Advisor. He gets RM 40k per month, as well as a automobile as well as a secretary as well as an office. Sell a paintings which Munir Majid paid for from his friend. Then tell a world how most MAS has mislaid from these foolish purchases. Finally, sell MAS to whoever gives Khazanah a best price. That'll stop a meddling from your crony Azman Mokhtar as well as will additionally get rid of Danny. You give MAS away to an gifted user as well as it will have money.
Godfather - Friday, March 02, 2012 11:45:00 AM
Anyway here is a news:
Proton Q3 formula downProton plunged itself deeper in to a red with a net detriment of RM88.2mil for a third quarter (Q3) compared to RM68.1mil available in a prior corresponding quarter. Revenue declined to RM1.43bil from RM1.83bil previously.Group authority Datuk Seri Mohd Nadzmi Mohd Salleh pronounced a reduce distinction was mostly attributed to reduce revenue available from done during home sales. "With a increasingly unbending foe faced by Proton, a awaiting for Proton does not look rosy..." he said.
Folks, this has been a predestine of Proton underneath a management of people similar to Chairman Mohd Nadzmi Mohd Salleh, CEO Syed Zainal 'sembahyang hajat' as well as whoever! . Yet we still keep these people in place - year after year. These have been a fossils from a Jurassic Park who have been using a small of these businesses in to a belligerent for a past umpteen years. we suspect they meet all their KPIs as well - without fail, year in as well as year out.
And Lotus is getting in to deeper sh*t. For Lotus we have a solution. The Lotus Elise 2011 sells for less than RM150,000 in a UK. In avocation free Pulau Langkawi we consider a Lotus Elise additionally sells for about a same price.
Unfortunately in a rest of Malaysia a Lotus Elise sells for RM245,000. Few people in Malaysia can therefore afford to buy a Lotus Elise. So Lotus suffers bad sales in Malaysia. Kalau tak boleh jual kereta, mesti lah Lotus / Proton akan rugi.
Here is my subject : how come Lotus can sell a Elise so cheaply in a UK as well as in Langkawi? Why not allow a Lotus Elise to sell for a most cheaper RM150,000 cost in a rest of Malaysia as well? What is so special about a UK or Langkawi?
At RM150,000 we am certain a sales of Lotus Elise in Malaysia will shoot to a sky. Then a Lotus association can be saved. Or during slightest Lotus can transparent their aged bonds of unsold cars. Malaysians can expostulate tall tech cars similar to a Lotus Elise during most cheaper prices.
Folks is which a great thing or a bad thing? Can a Government of Malaysia greatfully insist why we do not want tough operative Malaysians to buy as well as expostulate improved as well as aloft quality, tall jot down cars during most cheaper prices? And we still cannot save Proton - which is right away making even some-more losses?
Then MAS is additionally losing money. There is a outrageous slice off starting on. Now Air Asia is additionally a shareholder in MAS. Tony Fernandez is so most some-more cleverer than a boys using MAS. Everyone is a schemer but a ! small pe ople intrigue improved than others. .
But to whose benefit do they scheme? The airline passengers? The shareholders - ie we as well as me a taxpayer? we consider someone is starting to get a float upon a plane. But we as well as me folks, a taxpayers, we have been starting to be taken for a float as well. Just wait as well as see. we consider this is a commencement of something most bigger.There is no honour among schemers.
Despite announcing a largest ever waste of RM2.5 Billion yesterday, MAS still has to take smoothness of twenty-three brand new aircraft.Here is a news:
MAS is staring during a capital output (capex) of RM6bil this year as well as RM3.5bil for 2013 since of a aircraft deliveries which have been lined up for this year as well as next.This year alone it is starting to take smoothness of twenty-three aircraft - 5 555-seater A380 which it will muster for a Kangaroo track (Sydney-KL-London-KL-Sydney); 13 B737-800s as well as 5 A330-300s.Most of these aircraft were systematic during a time of Tengku Datuk Azmil Zahruddin (previous handling director of MAS)
Air Asia has systematic 200 Airbus A320 Neos as well as an choice for another 100. MAS is getting twenty-three brand new aircraft together with FIVE Airbus A380 Superjumbos. For comparison SIA has paid for nineteen of a 555 newcomer Airbus A380 superjumbos since 2001 (the development phase of a A380). Maybe MAS is cleverer than SIA.
Folks all these troubled GLC companies humour a same problems. They have been all run by a same dunggus - all a way to a Board of Directors, their determining companies as well as a Minister or Ministers in assign of these entire GLC failure companies. Dunggus have been in ass! ign as w ell as zero is changing.
It is right away over a Peter Principle already. The Peter Principle states which "in a hierarchy each worker tends to climb to his turn of incompetence". Thats it folks.
These people during Proton, MAS, Khazanah Nasional, their Boards, their determining companies, their con-sultans, their Senior Managements, a Minister in assign etc have all risen to their highest turn of incompetence. They cannot go over this anymore. It is starting to be nonetheless a continuous array of losses, losses, as well as some-more losses. They have hit their ceiling. Just wait as well as see.
I personally consider there is positively zero wrong with MAS, Proton, Khazanah Nasional or any of a alternative major GLCS. If we were to run them, we am utterly certain they can be incited around, have a profit, do not weight a taxpayer as well as most importantly they provide products as well as services closer to marketplace prices. Not usually me, but we consider most of we can additionally do a same. All we need is a small knowledge as well as a integrity to do things right. And we must not have greasy fingers.
There has to be a complete overhaul of a tellurian beings, a people who stock this entire chain of command. They all have to be removed. Sorry - but a greater great of a taxpayer is a most improved choice which protecting a slight as well as greedy interests! of a fe w lagards, marauders, nincompoops, pirates as well as even a hurtful who stock these troubled GLCs. They have been all in there folks, they have fully putrescent a system.
Here is headlines about Khazanah Nasional's RM5.0 billion increase for 2011. But lets read delicately ya.
Khazanah posts RM5.3b pre-tax distinction in 2011
- KUALA LUMPUR (Jan 19,! 2012): Khazanah Nas! ional Bh d posted an considerable 156.3% burst in pre-tax distinction to RM5.3 billion for a year ended December 31, 2011 from RM2.1 billion in a prior year, boosted by stability vital divestments, particularly a privatisation of PLUS Expressways Bhd.
- The supervision investment arm has spoken a jot down division payout of RM3 billion.
- A preference of a 20 largest as well as poignant government-linked companies (GLCs) underneath a stable have been estimated to jot down total earnings of RM19 billion for 2011
- Realisable asset worth dwindling by RM4.5 billion or 4% to RM108.1 billion
- Net worth adjusted declined RM5.2 billion or 6.9% to RM70 billion from RM75.2 billion as during December 31, 2010.
- The major deals included a sale of a 32% stake in Pos Malaysia to DRB-Hicom Bhd for RM622.8 million
- The others have been IHH's merger of a 60% stake in Acibadem Saglik Yatirimla! ri Holdi ng A.S.
- and a completion of a PLUS Expressways merger through UEM Group Bhd as well as EPF.
And here is some-more headlines about Khazanah Nasional :
Diversity pays off for Khazanah
A DIVERSE portfolio of companies underneath Khazanah Nasional, a Malaysian Government-owned investment arm, is helping to shield a investments from volatile global markets among dark mercantile clouds entertainment over a setting presently.Azman: 'When we proposed in 2004, a portfolio was really heavy upon utilities, but today it is utterly balanced.'Khazanah's stakes in UEM Land Bhd has surged some-more than 400% since a inventory in November 2008.Azman explains which figu! re, howe ver, was not exhaustive per se as companies such as CIMB Bank as well as Axiata Group Bhd have been categorised as Malaysian companies whilst in use these were companies which have invested in alternative parts of Asia.It is to be noted however, which comparing with 2010 however, these RAV as well as NWA figures declined somewhat in 2011. Its portfolio RAV declined to RM108.1bil in 2011 from RM112.6bil in 2010, whilst NWA additionally declined to RM70.0bil from RM75.2bil respectively.The surge in increase as well as dividends spoken was attributed to redundant divestment of a investments generally a brand new RM23bil privatisation of PLUS Expressways in 2011, Khazanah says.In 2011 alone, Khazanah done gains upon divestments of RM2bil as well as done brand new investments totalling RM5.8bil.
Azman Mokhtar keeps repeating which Khazanah Nasional began operations in 2004 (when Slumberjack took over).
This is so standard of a bullshit entrance out of a Slumberjack era. Khazanah Nasional was set up by Tun Dr Mahathir in a 90s. The pursuit of Khazanah Nasional was to open brand new frontiers in tall jot down industries in Malaysia as well as emanate brand new tall jot down jobs for Malaysians. It was part as well as parcel of a entire technological upliftment of Malaysia together with a rising of a Multi Media Super Corridor.
Instead Khazanah Na! sional h as right away become a association which buys as well as sells shares in alternative companies. There is small "new wealth" origination as well as really small brand new pursuit origination in Malaysia.
If we ask Azman Mokhtar, 'how most brand new jobs have we created in Malaysia for all a billions which we have invested' we consider he will not be means to give we any answer.
The ultimate example being an i! nvestmen t by Khazanah Nasional in Turkey. Why should Malaysian taxpayers income be invested in Turkey creating jobs for a Turkish people? Our own graduates have been unemployed or unemployable. Pasal apa kera di hutan disusukan padahal anak sendiri kebuluran?
Khazanah Nasional was additionally supposed to assistance in a upliftment of a bumiputras. Orang Turki ini bumiputra ke? Other than Boards of Directors who fly first class to attend Board meetings, usually how most Malaysians have been employed in all a companies which Khazanah has invested in ov! erseas? Can we have a total figure? 10 Malaysians? 100 Malaysians? How many? For what volume of investment : RM5.0 billion? RM10.0 billion?
Khazanah Nasional has become no some-more than a account manager - personification a share market, receiving positions in companies no opposite from any alternative account manager.
Folks here is a subject for we : How most 'Directors of Investments' do we consider an investment holding association should have? we would pretence usually one. Guess how most Directors of Investment Khazanah has? One? Two? Three?
Well Khazanah has eight "Directors of Investments". Yes eight. And how most is each a single of them paid? Lets see lah.
1. The Chief of a 'let me outlay all a taxpayers money' man is a single Ganen Sarvananthan, Executive Director, Investments
This is a man who fundamentally tells Azman Mokhtar when to go to a bathroom. Folks say he does all a thinking as well as talking. Azman Mokhtar usually signs upon a dotted line. The standard 'Ali Baba' set up. How most is he paid? Well he drives a Ferrari around locale - they say. He creates most of a deals for Khazanah. Lagi satu kes India lagi pandai dari Melayu.
2. Ben Chan Executive Director, Investments3. Michael Jude Fernandes Executive Director, Investments4. Joseph Dominic Silva Executive ! Director , Investments5. Kenneth Shen Executive Director, Investments
To my Perkasa friends, dont worry. Ganen Sarvananthan, Ben Chan, Michael Jude Fernandes, Joseph Silva as well as Kenneth Shen have been actually "young Turks". That means they have been additionally bumiputra. Jangan risau, there have been a small Melayu as Director of Investments. Here they have been :
6. Tengku Dato' Sri Azmil Zahruddin garbage bin Raja Abdul Aziz Executive Director, Investments - this is a man who paid for a FIVE Airbus A380s for MAS (when he was using MAS). Then he split from MAS as well as right away sits as a Director of Investments during Khazanah Nasional.7. Dato' Noorazman Abd Aziz Executive Director, Investments8. Hisham Hamdan Executive Director, Investments< dt style="font-weight:bold;margin-bottom:0px;margin-left:0px;margin-right:0px;margin-top:10px;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:justify">
Somehow we get a feeling a final 3 Melayus have been for a purposes of filling up a "Ali Baba" quota only. Saja nak kasi penuh quota Melayu sikit. Otherwise Khazanah is run by 'young Turks' - bumiputras a single as well as all.
Here is a locate folks. Khazanah done RM5.0 billion in 2011. But a outrageous cube of which was done from offered shares in Plus Expressways as well as additionally a RM622 million they done from offered shares in Pos Malaysia Bhd.
I say Azman Mokhtar, this was Dr Mahathir's handiwork lah. His free present to we FROM BEFORE 2004 lah brader.
The Projek Lebuhraya Utara Selatan or PLUS Hiway was completed in 1994 (15 months forward of report - so standard of Dr Mahathir). So a Gomen parked a PLUS shares with Khazanah Nasional. Now, 17 years later, we sell a PLUS shares since to we by Dr Mahathir as well as have a outrageous distinction as well as tell a worl! d which we have been "very really crever".You keep saying"When we proposed in 2004, a portfolio was really heavy upon utilities, but today it is utterly balanced".
Kepala hotak engkau lah. You have been right away making income by offered PLUS shares which Dr Mahathir gave to Khazanah Nasional Bhd in a 1990s. Jangan bohong.
I say brader Azman Mokhtar, this is a "nenek tua" punya commercial operation model lah. we say 'nenek tua' since my mum-in-law once sold really aged shares (some of a share scripts were from a 1960s) in Sime Darby, Singapore Press Holdings etc since to her by her father in a 60s as well as 70s. This is a same commercial operation which we have been we do man. Selling aged shares since to we by your great grandpa Dr Mahathir (Najib is right away a third generation PM after Dr M) as well as then claiming to have a outrageous profit.
And a Prime Minister is a Chairman of Khazanah - utterly oblivious to a nap being pulled by a small of a alternative Board Members of Khazanah Nasional Bhd.
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