Isnin, 6 Jun 2011

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Malaysia Today - Your Source of Independent News


The kacang puteh seller and the GLC CEO

Posted: 05 Jun 2011 04:50 PM PDT

I think this reaction is shared by many people in Malaysia. We almost fell off our chairs in disbelief. The government has no power to reveal the details of IPP contracts. If the government cannot declassify, who can?

I hope this minister will not be selected as a cabinet member the next time around IF the BN retains power.

Two, this absent mindedness is increased further by the equally bizarre statement by the TNB CEO. By the way, he takes home a RM 1.2 million pay packet per year and we paid him to come out with this kind of statement.

Profitability depends on being able to increase a take it or leave it price. You no pay you no electricity. He was thankful; the government has agreed to raise tariffs. TNB made RM 4 billion on revenue of RM 30 billion he's thankful, rising costs will not eat into the profitability. Yet he was practically crying throughout 2010 urging the government to review this and that.

He ensures profits by raising tariffs but not by tackling the costs centers. Where is the source of much increase in costs? Do they come from increasing wages of its employees or payments to IPPs? Or business misadventures in Indonesia.

The price hike of TNB tariffs is a reprieve for TNB. Pray tell us then, where is the qualitative difference between a TNB CEO and a kacang puteh seller if both depend on a price INCREASE to be profitable? The answer none- because both their profitability is the result of raising prices. Anyone can increase profit by raising prices.

This isn't what we expect from a CEO who earns maybe close to RM 100 k a month. We expect him to be profitable because of efficiency, because of cost cutting measures, because of streamlining operations and because of far sighted procurement policies. So the TNB of now that he helms, hasn't moved qualitatively from the TNB he started to lead. A few years ago, he justified the massive losses in coal purchasing deals that went awry as being not worrying because TNB's earnings are humongous. TNB earns billions each year.

So, because you earn a lot, its ok to lose a few billions of public money.

We therefore hope his contract as CEO will not be renewed. Nothing personal, just business.

As a first start to cost cutting measures, we suggest therefore the top TNB bosses volunteer to have the pay cut and that portion be distributed as wages to lower income staff members. Why? Because TNB staff is some of the lowest paid workers in the country.

READ MORE HERE

 

If Pakatan wins 2013 to rule, who'll be PM?

Posted: 05 Jun 2011 01:35 AM PDT

MCLM's offer of 30 candidates were rejected by PKR but accepted by KITA – two on MCLM's list were Haris Ibrahim and RPK wakakaka (kaytee's choice).

Kayveas applied to join DAP 3 months before the general election but was informed politely that due to pre-election preparation, his application could only be assessed after the election wakakaka.

Pakatan wins the general election with a clear majority.

Its 120 MPs are from PAS (35), DAP-SNAP (35), PKR (25), KITA (25).

All leaders and leading personalities from the three Pakatan component parties retain their seats, with new comers like Zaid, Haris and RPK winning new ones.

To name a few luminaries, there are the two Pak Hajis, Mat Sabu and Mohamad Nizar Jamaluddin etc from PAS, Karpal Singh, Tunku Aziz, Khir, Lim Snr and Jnr, etc from DAP, Azmin Ali, Nurul Izzah, Khalid Ibrahim etc from PKR, and Zaid Ibrahim, Haris Ibrahim and RPK, etc from KITA.

Who should be PM?

If Anwar was around, he would be a natural candidate of compromise, but alas he isn't even a MP. Yes, there will be steps to review the judicial process that led to his imprisonment or even a royal pardon, but royal pardons will require the recommendation of a PM, so we are back to Square One, namely, who shall be PM (to make that recommendation)?

Anyway, all above regarding Anwar requires time – Pakatan has to nominate a PM pronto, so …who?

READ MORE HERE

 

Mat Sabu is Good for the Opposition

Posted: 05 Jun 2011 01:00 AM PDT

For many years, the Opposition has been led, by default, by the weakest and the most problematic of leaders—Anwar Ibrahim. There is good reason to believe that after the next general election, Mat Sabu will assume Anwar's position as Leader of the Opposition. This is good news.

PAS is the biggest Malay party after UMNO and, as such, it plays a natural leadership role in the parliamentary opposition. It has strong and loyal support from within its ranks. Its influence in rural Malay constituencies is clear for all to see. DAP does not have enough popular appeal to play a uniting role in today's fractious politics, and I believe the leaders of DAP know this.

Unfortunately, however, PAS has largely been led and controlled by ulama. The political ulama in Malaysia are conservatives and traditionalists without wide appeal. Their pronouncements have divided the country in the past. Their positions are unlike those of the ulama in Indonesia, such as the late Abdurrahman Wahid (Gus Dur), who are reformers, modernists and believers in peace and interfaith dialogue.

In Malaysia, the ulama are generally seen to be too conservative and not sufficiently appealing to non-Muslims and, indeed, even middle-class urban Malays. So, while Tok Guru Hadi Awang is still the President of PAS , Mat Sabu and his friends now control the Central Committee and will provide the balance that will bring PAS to a more even keel. Mat Sabu and his allies have their fingers on the pulse of modern Malaysia.

READ MORE HERE

 

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