Sunday, February 26, 2012
Saturday, February 25, 2012
Tempat Lahir: Besut, Terengganu
Membesar: di Kemaman dan Kuala Kangsar
LATAR BELAKANG PENDIDIKAN
Pendidikan awal @ Sekolah Rendah Sultan Ismail, Kemaman (1984 – 1989)
Kolej Melayu Kuala Kangsar (1990 – 1994)
Morrison's Academy, Scotland - A Levels (1994-1995) - di atas biasiswa Petronas
Saturday, October 29, 2011
“The ministry did not overspend, did not spend more… The report says that the amount of direct buy is more but not the total amount of promotion is more, there’s a difference,” Ng, who is MCA vice-president, told reporters today after launching the 2011 Art Expo Malaysia here.
In the report, the AG had reported that the ministry had overpaid in advertising fees when it tendered out its contracts directly. Ng failed to reply to this but merely said direct negotiations were permitted and maintained that the prices paid were not above market rates. “With direct negotiation, you deal directly with the media, you do away with intermediary. The prices we paid are never above the market price. We did it to get as much value as possible”. According the Auditor-General, the advertisements could have cost only RM75.38 million if an open tender was carried out. Hhmm.. so Auntie Yen Yen, getting as much value as possible? If that's the case, the cost should be lower especially when there is no intermediary. Aiyoo.. kalu macam nie macamana MCA mahu menang itu General Election.. Please step down. Malaysians are not stupid.
Thursday, February 5, 2009
Wednesday, November 12, 2008
A non-sustainable business is really waste of people's money. The money wasted in building the petrochemical complex which could easily run into billions (a SUNK COST) can easily be invested in something that really makes business commercial sense. So instead of asking PETRONAS to build a wasteful petrochemical complex, Tan Sri Bernard should really focus on high margin, high growth with global appeal industry which is sustainable in the long run. For this, he can get PETRONAS to lead its development and make the initial investments. This will definitely benefit both PETRONAS and Sabah government. It's a win-win situation. Sabah can model after Singapore and Israel. Start a service, high end industry. That will move Sabah faster (double digit growth each year) than a loss-making petrochemical complex.
I really hope Tan Sri Bernard will consider this in earnest.
Albert Buyou of Sabah Oil and Gas contractors Association also mentioned that in NST, dated 12 November 2008, "We have skilled locals who are being driven away to Sabah, Sarawak, Terengganu and Arab states because there is nothing for them to do." May I also mention Albert that even in Kerteh and Sarawak the skilled locals are being driven away to Middle East. So what's stopping the Sabahan to run away when even you have local oil and gas industry there? The key is the monetary compensation. They are being paid more than 7-8 times over in Qatar etc. Who doesn't compelled to leave by the way?
Be sensible Datuk. I know you intention is good but the means is just not justifiable. Think on the solution. There are many ways to reach the solutions.
Sunday, October 12, 2008
Well, if they have been reading reports closely, they would see that palm oil and crude oil prices have plunged also. Local newspapers have not been reporting the meltdown on a big scale. The coverage is still mainly limited to the business or foreign sections, and tend to present the 'official' side of things.
In today's publication of The Star, the biggest English daily, a story on local banks focused on the positives. The lead story of the business section of The Star said that banks were turning cautious but have not put the brakes on lending to businesses.
It also stressed that the country's high savings rate and healthy foreign reserves would enable local banks to weather the global credit squeeze. As a result, perhaps not many Malaysians are even aware of the spreading fear in global markets. This sort of thinking is perhaps further boosted by the country's leaders who kept insisting that Malaysia's economic fundamentals are strong, rather than preparing the ground for what is to come -- slower economic growth, and perhaps job losses.
Second Finance Minister Nor Mohamed Yakcob was quoted in today's papers as saying that Malaysia is unlikely to enter into a recession. He did admit however that "if the crisis creates a recession in the US and Europe, all countries will be affected."
Mass-selling Malay-language Utusan Malaysia played up Nor Mohamed's comments and made it their lead story for the business pages, with the headline saying "Malaysia confident will not fall into recession." Quoting the central bank, the government has said that both direct and indirect exposure of Malaysian financial institutions in terms of holding of securities linked to the US sub-prime mortgages and lending to entities associated with them, accounted for only 0.3 per cent of the banking system's capital base. Further supporting this argument is the fact that the Malaysian bourse also has not plunged to the depths seen by neighbouring Indonesia, which was forced to close for two days this week after huge falls.
But observers cautioned that Malaysians must pay careful attention to events happening elsewhere before they end up being taken by surprise. Some say this time, if the recession lands on Malaysian shores, it might well be worse than the 1997-98 Asian Financial Crisis.
First to go could be Malaysian exports, 20 per cent of which go to the US. A drop in exports could cause major job losses. This would then affect consumer spending and curtail growth.
We are already seeing the prices of commodities fall, particularly fuel and palm oil, two commodities which Malaysia depends on heavily for its earnings. This could result in a vicious bite soon enough unless prices recover. A big chunk of the Malaysian government annual revenue, about 46 per cent, comes from the petroleum funds. So falling oil prices could mean the government might have to crimp on building infrastructure and rural projects, like schools and drainage. Also, many palm oil growers are rural Malays in the government-backed Felda estates. During the Asian financial crisis, the sentiment against the government in the rural areas were negative because many growers found it tough to make ends meet. And job losses jumped as electronics factories closed or pared operations. Already in the papers, some companies have reportedly having difficulty in paying their debts as ringgit is declining while their debt payment is in US dollars. All these means that, like it or not, whether they pay attention to it or not, the global meltdown will soon enough knock on the doors of many Malaysians. (Hazlin Hassan: Straits Times Singapore)