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Mahathir past cascading into the Najib present – powerful reasons for full accounting for the RM100 billion “black hole” caused by Mahathir’s financial scandals

Recently, the past has fast cascaded into the present – or to be more specific, the Mahathir past cascading into the Najib present.

Today the High Court in Kuala Lumpur fixed March 5 to decide whether to end the multi-billion ringgit legal battle between Malaysian Airlines (MAS) and Tan Sri Tajudin Ramli, by striking out MAS’ mega claims against Tajudin as well as his RM500 million counter-claim against the government and the national carrier.

Tajudin has been entangled in a complicated series of expensive suits, countersuits and appeals with various parties arising from his failure to service a billion ringgit loan he took to purchase a major stake in MAS in 1994. Continue reading “Mahathir past cascading into the Najib present – powerful reasons for full accounting for the RM100 billion “black hole” caused by Mahathir’s financial scandals”

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Decision to strike out Tajudin-MAS suits on March 5

The Malaysian Insider
Feb 27, 2012

KUALA LUMPUR, Feb 27 — The High Court here will decide on March 5 whether to strike out both Malaysia Airlines’ (MAS) claim against Tan Sri Tajudin Ramli as well as his counter-claim against the government and the national carrier.

Tajudin, who was the executive chairman of the airline from 1994 to 2001, is applying to cancel MAS’s suit over losses due to the relocation of its cargo operations in Amsterdam and Frankfurt to a single hub in Hahn, Germany.

Putrajaya is also seeking to strike out Tajudin’s RM500 million counterclaim, in which he alleges the government and MAS defamed him with a civil suit for abuse of power while heading the flag carrier.

Lawyers for all parties declined to comment after meeting trial judge Rosilah Yop in chambers for just under two hours.

“The decisions will be on March 5. I’m sorry I can’t comment because it will be subjudice,” Tajudin’s counsel Lim Kian Leong told reporters. Continue reading “Decision to strike out Tajudin-MAS suits on March 5”

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Alangkah leganya jika terlepas dari cengkaman ‘bapa-bapa ayam’ ini

By Aspan Alias | February 27, 2012
The Malaysian Insider

27 FEB — Selepas arahan dari Putrajaya, kini rakyat sedang berhadapan dengan isu berapa kah “settlement figure” yang sebenarnya yang telah ditetapkan untuk penyelesaian diluar mahkamah diantara Tajudin Ramli dengan MAS. Rakyat ingin tahu kerana semua wang yang terlibat dalam kes ini adalah wang rakyat. Tidak perlu menyalahkan sesiapa termasuk parti-parti pembangkang kerana apa yang berlaku dalam kes ini adalah di sebabkan oleh kelemahan dasar dan perlaksanaan kerajaan.

Semasa Tajudin mengambil alih MAS dalam proses perlaksanaan dasar “pengswastaan” kerajaan dahulu, banyak pihak telah membuat kritikan terhadap kerajaan pimpinan Dr Mahathir tetapi maklum sajalah Dr Mahathir tidak peduli dengan pandangan ramai kerana beliau berkata pengswastaan MAS itu adalah satu perkara yang “necessity”’ untuk dilakukan.

Pandangan pihak lain tidak perlu diambil kira. Entah apa sebabnya MAS yang begitu berjaya semasa itu hendak diswastakan sedangkan syarikat penerbangan kepunyaan kerajaan itu sangat maju dan MAS adalah diantara syarikat penerbangan yang “premium” dipesada antarabangsa. Hanya Dr Mahathir sahaja yang tahu kenapa ianya dilakukan.
Continue reading “Alangkah leganya jika terlepas dari cengkaman ‘bapa-bapa ayam’ ini”

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Raking in the Bounty of FELDA’s IPO

By M. Bakri Musa

In the run-up to the Initial Public Offering (IPO) of FELDA Global Ventures Holdings (FGH), there is little, in fact no discussion on how the exercise would benefit FELDA settlers. Surely that should be the foremost consideration. The only criterion upon which to judge the wisdom or success of any FELDA initiative, including this proposed IPO, would be to assess its impact on the settlers.

Instead the focus has been on bragging rights, as with trumpeting FGH to be the biggest IPO for the year, among the top 20 on the KLSE, and the world’s biggest plantation company. Such milestones are meaningful only if achieved as a consequence of the usual business activities and not through fancy paper-shuffling exercises. Apple recently surpassed Microsoft in market capitalization, but that was the consequence of Apple’s much superior products like iPads, iPods, and iPhones. Contrast that with earlier achievements of such now-defunct financial giants as AIG and Lehman Brothers that were based on fancy “financial engineering” instead of solid products and services.

Instead of delineating the potential benefits that would accrue on the settlers from this IPO, its proponents are content with dismissing the critics and imputing evil motives on their part. There are legitimate concerns that this exercise would prove to be nothing more than yet another fancy scheme for the politically powerful to cash out on a lucrative but under-priced government asset. We already have many ready examples of such greed. Continue reading “Raking in the Bounty of FELDA’s IPO”

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What every Malaysian needs to know about ‘race’ (Part 4): Race and history

By Clive Kessler | February 27, 2012
The Malaysian Insider

FEB 27 — It is now nearly over.

We are nearing the end of our long and winding journey across the “landscape” (as people these days like to say, as if they were all architectural gardeners and designers of country-house grounds!) of “bangsa”, “race” and all the various contending, and often mutually incompatible, ideas that are thrown indiscriminately together within the bangsa “suitcase”.

There remain just a few more things to sort out: first about “race” and prejudice; then about “race” and “racism” in the context of worldwide European imperial domination; and finally to address in Part 5 a familiar old question:

“What is to be done?”

My discussion ends with some suggestions about how to proceed towards the kind of “linguistic engineering” and conceptual clarification of which Malaysia, and users of the Malaysian national language, are now greatly in need.
Continue reading “What every Malaysian needs to know about ‘race’ (Part 4): Race and history”

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What every Malaysian needs to know about ‘race’, Part 2 c

By Clive Kessler | February 26, 2012
The Malaysian Insider

(Part 2 & Part 2b)

Feb 26 — The many faces of “bangsa”: “People”, “nation” and “state”

My step-by-step, and idea by idea, disaggregation of the Malay word bangsa now proceeds to, and concludes with, a discussion of modern political developments.

It explores the “folding” of these further new political meanings into the already overworked, semantically overburdened, and hence multiply ambiguous idea, or concept, of bangsa.

This disaggregation and “deconstruction” is intended to serve as a warning of the great risks of confusion — of the distorted understanding and communication — that lie deceivingly, even treacherously, in wait whenever the termbangsa is used casually, lazily and unreflectingly.
Continue reading “What every Malaysian needs to know about ‘race’, Part 2 c”

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What every Malaysian needs to know about ‘race’, Part 2 b

By Clive Kessler | February 26, 2012
The Malaysian Insider

Note: Part 2 of Clive Kessler’s series on race was not published in full. It comes in three parts and only Part 2a was published previously. All three parts of Part 2 should be read before Part 3 which was published yesterday. We apologise for the publishing glitch.

FEB 26 — Part 2b — The many faces of “bangsa”: “Stocks” and “common descent” My step-by-step, or idea by idea, disaggregation or “deconstruction” of the Malay word bangsa continues.

iii. The idea of a “stock”

Sometimes people do not wish or intend to speak — in the ways discussed in Part 2a — about total “racial” groups or “blocs” confronting one another globally in inescapable and unremitting life-and-death struggle.
Continue reading “What every Malaysian needs to know about ‘race’, Part 2 b”