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Malaysia Today - Your Source of Independent News

PR Hudud Laws vs BN Hooded Laws
E&O AGM: Orchestrated to concert perfection
Go on, take a peek at Nik Aziz’s hudud and see if you still want to remain silent on this issue
Corporate Welfarism and the Munafikation of Malays
Australia’s Kevin Rudd alerts Attorney General over Taib family activities

Posted: 01 Oct 2011 07:31 PM PDT

Remember that voting for Pakatan Rakyat is NOT a fast track to the implementation of Hudud. Neither is there the certainty that we will get Hudud if we vote PR. In reality, PAS will not have enough seats to implement Hudud even if they want to do so.

PAS will be contesting only one-third the 222 seats and they need two-thirds to change the laws in Parliament. Even if they win ALL the seats they contest, it's still one-third. Chances are they will win maybe half the one-third.

But for sure, we WILL get a corrupt government if we DON'T vote for Pakatan Rakyat.

To put it simply, if it come down to voting for Hudud versus corruption, which do we want?

If we hate or fear Hudud so much, then let's reject PR. Then, let's vote the status quo and continue to 'enjoy' the same recipe of racism, discrimination, abuse of power and corruption IF we feel that this may be better than the risk of getting Hudud.

Remember Albert Einstein's words: Insanity is doing the same thing over and over again and expecting different results.

Before we continue to be swept away by the strong waves of debate, remember that the certainty of Hudud is NOT there.

If we choose to do the same thing, walk down the same path in our voting, the likelihood that racism, discrimination, abuse of power and corruption we will certainly get, no doubt about it.

Think carefully about what we want. Are we being influenced by the uncertainty of Hudud to capitulate in favour for the certainty racism, discrimination, abuse of power and corruption?

Is that what we want? Think carefully. If so, then reject PR and vote BN and face the guarantee of being afflicted by the same social malaise that we have been facing for decades - discrimination, abuse of power and corruption.

Are we being blinded so much by the hooded flaw in the hudud debate that we cannot see the wood for the trees?

Posted: 01 Oct 2011 07:11 PM PDT

Bernama reported that 75% of the shareholders present rejected ECM Libra's nomination, while 90 to 95% overwhelmingly voted for the reappointment of Azizan, Tham, Henry Chin, and Vijay.

That seemed like business as usual.

The same report quoted E&O Deputy Managing Director Eric Chan Kok Leong as claiming that shareholders gave overwhelming support for the collaborative agreement with Sime Darby Berhad (Sime Darby).

That is a business-as-usual, sanitised, positive remark from any businessman and corporate man.

With some knowledge of how AGMs and EGMs are staged and handled in Malaysia, shareholders may not have received the proper answers and most answers are sanitised. In any AGM and EGM of PLCs, there is more at work behind the scenes than meet the eye.

Despite the claim of support, Chan said, "The energy is high. They (shareholders) have more questions than usual." What were the questions raised by the floor? How were they answered? Were they handled satisfactorily? Was there any suppression or diversion of issues raised by the floor?

The Chairman is Azizan, the controversial husband to the Chairperson of Securities Commission, Tan Sri Zarinah Anuar.

Read the Bernama report first:

E&O shareholders reject nomination of ECM Libra's nominees

September 30, 2011

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) shareholders today rejected ECM Libra Financial Group Bhd's nominees – Mahadzir Azizan and Leong Kam Weng – to the company's board of directors.

About 75% of the shareholders who attended the property developer's annual general meeting (AGM) here, voted against ECM Libra's request, E&O deputy managing director Eric Chan Kok Leong told reporters.

Mahadzir is currently a director of ECM Libra, Syarikat Takaful Malaysia Bhd, ECM Libra Investment Bank Bhd, Libra Invest Bhd and several other companies, and is a member of the investment committee of Amanah Raya REITS.

Leong sits on the board of directors and audit committee of TA Enterprise Bhd and TA Global Bhd.

As of Sept 22, ECM Libra holds 6.3% of E&O, making it the second largest shareholder after Sime Darby Bhd which owns 30% equity interest.

Sime Darby acquired its stakes from E&O managing director Terry Tham (12.2%), Wan Azmi Hamzah (9.1%) and GK Goh Holdings of Singapore (9.5%) on Sept 9 for RM766 million or RM2.30 per share.

After the sale, Tham still has 5.1% while Wan Azmi and GK Goh hold 2.9% and 3.5% respectively.

Chan said about 60% of the shareholders of E&O attended the AGM which lasted about four hours.

He said between 90% and 95% of the shareholders voted for the reappointment of E&O chairman Azizan Abdul Rahman, managing director Tham and two other directors – Henry Chin Poy Wu and Vijayaratnam Thamotharam.

"We received overwhelming support from the shareholders. The energy is high. They (shareholders) have more questions than usual," he said after the AGM.

Chan also said E&O would hold its first meeting with Sime Darby in October to identify areas that both parties could work together.

"We've signed a collaborative agreement with Sime Darby. We'll call for the first meeting next month in accordance with the agreement," he said.

E&O and Sime Darby signed the three-year collaborative agreement on the same day share sale deal was concluded.

Chan said the group was now focusing on promoting E&O's unique brand proposition as a true lifestyle developer.

He added that the strategic corporate recognition attained by the group from its sales and marketing collaboration with Mitsui Fudosan Co Ltd – the joint venture with subsidiaries of Khazanah Nasional Bhd and Temasek Holdings Pte Ltd to develop an iconic wellness township in Iskandar Malaysia – as well as the entry of Sime Darby would provide vital impetus for the group to move forward with its growth strategy. - Bernama

Did shareholders ask about insider trading?

All three parties involved in the sale of the 30% block to Sime Darby had existing shares in the company and bought some shares prior to the announcements of a share sale agreement and a collaborative agreement.

It is widely known that Chairman Azizan bought 100,000 shares on August 16th, about two weeks before the announcement. Some commentator defended Azizan with the argument that he has all along been holding few million shares in the Company. So what?

All members of the Board of Directors with shares in the company are confined to buying and selling shares in the company to within certain periods. Those "windows" are before and after a General Meeting, important price sensitive announcements, etc. It is unthinkable and almost impossible that the Chairman was not notified or alerted of an impending major corporate move two weeks before the announcement.

Not only that, Azizan also bought 100,000 and 50,000 shares on April 1st and April 6th respectively. That was less than six months before the announcement. If one refers to the simple chart below, that was the time of the initial market effort to "push" the shares

Posted: 01 Oct 2011 04:57 PM PDT

I sent the following sms to several DAP leaders this morning : Mkini yday reported that DAP has acceded to hudud being implemented in Kelantan. True or false?

Replies came back fast and furious.

Charles Santiago : False

Hannah Yeoh : Not True.

Ronnie Liu : Not true. hudud remains as a dream for PAS and we must respect that as a fact, but it is not a shared dream of my party for our society is a multireligious one.

Tony Pua : To be polite, completely inaccurate.

Lim Guan Eng : False

Karpal Singh : Not true

Guan Eng called me a little while ago to say that he spoke at the 60th anniversary PAS meet in Kepala Batas last night, where, before a large audience, he reiterated DAP's stand of opposing the implementation of hudud.

"There is no provision for the implementation of hudud in Pakatan's common policy or the Buku Jingga. I repeated before the crowd what I have said previously. If hudud is implemented, I and the rest of the DAP leadership will resign our party posts", Guan Eng said.

Guan Eng's word is good enough for me.

DAP remains the proverbial 'Rock of Gibraltar' in defending our secular nation.

Posted: 29 Sep 2011 06:23 PM PDT

Any time I write critically of Mahathir, there's this buffoon who says I am paid by KJ. I wished I were so then I can drive around in Porsche Cayenne (as does Mukhriz) or a Maserati (as does Nazir Razak). Maybe I can also own a Bentley as do many UMNO ministers.

You are wrong fool; why not say I am on the current PM's payroll? I can name a few operatives in the PM's office who operate the slush funds to pay pro UMNO bloggers. So come on say it- the current PM sucks because he arranges to pay me to hit at Dr Mahathir.

Did KJ pay Nazri Aziz for being a consistent pain-in the ass- to Mahathir with his vitriol thrown at Mahathir? How moronic and super stupid can you be- Mahathir's opinions can't be contested without accusing those who disagree with him being paid lackeys? Your grey matter must be polluted either with rancid curry or is lard layered.

The subject matter is too complicated for run of the mill pro UMNO bloggers to debate. So we will leave them to wallow in their stupidity.

The most piercing observation lies in his opinion that "In short, the hidden personal interests embedded in UMNO's corporate welfarism sold as defending Umno to defend our Malay race has instead brought about the MUNAFIQATION of our Malays".

Mahathir's economic prescriptions have exactly turned Malays into that- munafiks who continue to live a life of lies and deceit believing they can't overcome their deficiencies WITHOUT having to depend on a paternalistic government. That's how Mahathir's UMNO survived all these years making Malays live a life of self-disbeliefs. This is the perpetual munafiqation of the Malays and that's how UMNO stays in power forever.

UMNO can stay in power by (1) keeping Malays continuously stupid (2) allowing them to live a life of self-deceit and self-censoring and (3) accept the big lie that any questioning and challenges to the opaque economic agendas by UMNO are a direct assault and threat to the Malay race. Why don't we for once shake off that yoke of mental servitude and see whether without UMNO, Malays can survive or not.

The corporate welfarism of PETRONAS may not take the form of our national oil company descending into a morass of incompetence like what happened in MAS. But it can take the form of deliberately shielding what goes on in PETRONAS and making them as opaque and transparent as possible. That is where Walla's comparison to what happened in Pertamina, an object lesson for us.

Posted: 29 Sep 2011 01:36 PM PDT

We would like to briefly update you on the latest developments on the Bruno Manser Fund's international Stop Timber Corrupting campaign:

- Australia's Foreign Minister and former Primer Minister, Kevin Rudd, has replied to a joint letter by the Bruno Manser Fund, Sarawak Report and PKR Sarawak Leader Baru Bian on suspected unlawful activities of the Taib family in Australia. Please find scans of the letter attached.

- Research by the Bruno Manser Fund has identified 25 Australian companies with links to the family of Malaysian potentate Abdul Taib Mahmud. Please find the exclusive list attached.

- Canadian Finance Minister James H. Flaherty has personally replied to a letter by the Bruno Manser Fund on suspected money-laundering by Sakto corporation, an Ottawa-based property developer which is being directed by Taib's daughter, Jamilah Taib, and her Canadian husband, Sean Patrick Murray.

BMF has not yet received an answer from American authorities contacted on these matters, including FBI director Robert Mueller. The FBI is renting its Seattle field office, located in the Abraham Lincoln Building in downtown Seattle, from Taib family-owned Wallysons Inc., a Washington state corporation.

With best wishes,

Your BMF campaignteam

Below is the article reported at the web site sarawak report

Kevin Rudd, Australia's former Premier and current Foreign Minister has issued a prompt and positive response to our request for an investigation into the Taib family's foreign assets in that country.

In a letter received yesterday, just one day after Sarawak Report publicised the request, Australia's Foreign Minister confirmed that the matter of Taib's wealth has been referred to the Australian Attorney General's Department for consideration.

This follows similar commitments to investigate by the Swiss and German governments. Malaysia's own Anti-Corruption Commission has also confirmed that it has launched an official investigation into the Chief Minister's conduct.

Kredit: www.malaysia-today.net

Ahad, 2 Oktober 2011

Malaysia Today - Your Source of Independent News

Malaysia Today - Your Source of Independent News

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