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• DAP Karpal tells Ramasamy to quit deputy CM post
• Hasan Ali regrets criticising PAS welfare state idea
• Jaikishan eyes new vehicle
• The game is over, kata Mustafa Ali
• EX-Selangor MB to appeal 12-month jail sentence in land and bungalow case
• Perlis Mufti upset with NRD
• In Malaysia, he's a bad guy
• Injunction filed to stop Felda's listing

DAP Karpal tells Ramasamy to quit deputy CM post Posted: 23 Dec 2011 01:37 PM PST (NEW STRAITS TIMES) - DAP national chairman Karpal Singh has called on the party's deputy secretary-general Dr P Ramasamy to step down as Penang deputy chief minister II. Karpal said the Prai member of parliament should do so on his own for defying the Central Executive Committee (CEC) order not to make any public statemant and attacking party leaders openly. "Ramasamy's position as the deputy chief minister has now become untenable and the ball is now in his court to react to my statement," said Karpal at a Press conference here today. Karpal added that Ramasamy should disclose the grassroot leaders whom he had accused of plotting against him for not responding to their overtures for projects and favours. "I challenge him to report to the police as well as the MACC (Malaysian anti-Corruption Commission) if he has evidence of those he had alleged were involved in making the demands to him. "He has failed in his duty as the deputy chief minister by not reporting them to the relevant authorities," he said.

Hasan Ali regrets criticising PAS welfare state idea Posted: 23 Dec 2011 01:25 PM PST (The Malaysian Insider) - Datuk Hasan Ali apologised today for claiming the welfare state championed by PAS deviated from the party's Islamic agenda. "I admit some of what I said went too far. I hereby withdraw my comments about the welfare state. "I apologise to the leadership and party members for going too far," the PAS central committee member told reporters at his residence here today. The Selangor state executive councillor also said he was willing to meet the party leadership anytime to explain his comments carried by Umno-linked newspapers. On Tuesday, the outspoken PAS leader had accused the party of straying from its original struggle for an Islamic state by pushing for a welfare state, as the latter could be championed by anyone and did not have to be based on the Qur'an. But Hasan said today he now understood the welfare state proposal, adopted at the PAS general assembly in June and approved by the Ulama Syura Council, to be the same as the Islamic state PAS has fought for since the 1970s. READ MORE HERE

Jaikishan eyes new vehicle Posted: 23 Dec 2011 01:20 PM PST (The Star) - After selling out his stake in Envair Bhd, Deepak Jaikishan is training his eyes on another listed company to pursue his interest in the oil and gas business sector. According to him, this would be done via a reverse takeover (RTO). However, he stopped short of revealing the identity of the company. "We are in the final stages of negotiations and it won't be fair to reveal it until we sign an agreement. "It is a profitable Main Market company and we will maintain the original business while we grow our oil and gas interest," he said at a hastily arranged press conference in a swanky hotel in Kuala Lumpur yesterday. Jaikishan: 'We are in the final stages of negotiations.' He said he would invest up to RM20mil to get a 44% stake in the company. When asked on the rationale of an RTO, Jaikishan said he wanted to pursue his interest rapidly. "We are in a hurry and we want to move immediately. Negotiations would be a done deal by Jan 15 and probably the latest by Jan 22. We need a listed company as the oil and gas sector is very capital intensive, and we need a listed company to raise the right capital," he said. Jaikishan said he would focus on trading the commodity, and would require financial strength and the expertise to buy and sell at the right time. "We are going into a clean organisation. We have not struck any deal yet and we have to work a bit harder compared to an entry into Envair but we feel that we can achieve our goal," he said. To recap, Envair unveiled its plans in October to venture into the oil and gas industry by supplying two million barrels of light crude oil monthly for 60 months to a China-based company, An Hong Shenzhen. The 39-year-old businessman said discussions to buy more shares from other Envair substantial shareholders, whom he declined to identify, did not bear fruit as they could not agree on the pricing, adding that he had exhausted all avenues to get his desired stake of 20% to 25%. "My ability to control the company (Envair) was diminished, as media reports had made the substantial shareholders uncomfortable," he said. Some earlier media reports questioned his intention to enter the company. Meanwhile, in a statement, Jaikishan said profits from his sell-off amounting to RM767,000 would be distributed to seven charities as a gesture of goodwill during the current festive season. "We are serious about the business and we are not here to skim money from the market. There is no intention for that. RM700,000 doesn't thrill me, I have made much more than that. My intention to go into the company was sincere, which was to help them get the contract across and make sure they get the financing support and deliver the contract," he said. However, he does not discount the possibility for him to re-enter Envair if negotiations bear fruit. "In business, it's always a comma and there is no full stop. There is always a new way and there is always a new situation," he said. According to Jaikishan, he sold off his six million shares, or 5.06% stake, in the loss-making air and water filter manufacturer at prices ranging from 26 sen to 35 sen over two to three days. Another Chinese national, Zhang LiYing, also sold his 9.11% stake in Envair on the same day, two months after acquiring it. Both trailed the exit of another Chinese national, Jiang Chuan Yi, who sold his 6.75% holding in Envair less than a month after acquiring it on Nov 1. "I don't know who these Chinese nationals are; I've never met them," Jaikishan said.

The game is over, kata Mustafa Ali Posted: 23 Dec 2011 09:50 AM PST (Harakah Daily) - Setiausaha Agung PAS, Datuk Mustafa Ali yakin, isu kekecohan yang berlaku dalam PAS sudah selesai. "The game is over - permainan ini sudah selesai, bagi saya ia sudah selesai," kata Mustafa ketika memberikan ucapan dalam majlis makan malam di Markas PAS Kuala Terengganu, di sini malam tadi. Mustafa mengulas kekecohan yang berlaku dalam PAS ekoran perang dalam media antara beberapa pemimpinnya. Ia memuncak apabila Mustafa menyifatkan dua pemimpin Datuk Dr Hasan Ali dan Nasharudin Mat Isa terperangkap dalam agenda musuh PAS iaitu Umno. Menurut Mustafa, ia selesai melalui kenyataan beberapa pimpinan dan mesyuarat lajnah politik baru-baru ini. "Dalam mesyuarat, saya tanya kepada semua yang terlibat dan masing-masing kata, apa yang mereka cakap lain, yang disiarkan media lain. "Jadi jawapan saya dalam sidang media yang lalu harapnya yang terakhirlah," kata Mustafa. Bagaimanapun, katanya, Dr Hasan akan membuat kenyataan hari ini dan dia akan melihat kenyataan itu samada untuk memberi respons atau tidak. "Kalau dia (Dr Hassan)  cabar suruh dedah, saya akan kajilah apa nak jawab," kata Mustafa. Kes itu, katanya selesai dengan cara Presiden PAS memanggil tiga orang yang terlibat dalam kes ini termasuk Adun Hulu Klang yang juga Ketua Penerangan PAS Selangor, Saari Sungib.

EX-Selangor MB to appeal 12-month jail sentence in land and bungalow case Posted: 23 Dec 2011 09:34 AM PST (The Star) - Former Selangor Mentri Besar Dr Mohd Khir Toyo was found guilty by the High Court here of knowingly purchasing two pieces of land and a bungalow at a much lower price than its original value from Ditamas Sdn Bhd director Shamsuddin Hayroni in 2007. He was sentenced to a year's jail from the date of sentencing and Justice Mohtarudin Baki (now a Court of Appeal judge) ordered his land and bungalow, located at Section 7 here, be forfeited. However, the court granted a stay of execution pending appeal. The land and bungalow were bought at RM3.5mil although Ditamas had acquired them for RM6.5mil on Dec 23, 2004. Dr Khir, who is Sungai Panjang assemblyman, was calm and did not react when the sentence was passed. Justice Mohtarudin said the accused had schemed to acquire the bungalow and abused his position as the highest executive in the state. He said a fine was "unsuitable" and jail time must be imposed to show that the court was serious in handling cases involving civil servants. Dr Khir told reporters he would fight to clear his name at the Court of Appeal. On his political plans, the dentist said he would comment after Jan 9, an apparent reference to Datuk Seri Anwar Ibrahim's sodomy case - the court is slated to pass judgment on that day. Justice Mohtarudin said the defence had failed to raise a reasonable doubt in the case. The court found Shamsuddin, a key witness in proving the case against Dr Khir, not to be an accomplice of the accused. (Shamsuddin was initially charged with abetting Dr Khir but later had his charge withdrawn on June 6. He became a witness for the prosecution.) "From his (Shamsuddin's) testimony, it is clear that he thought he would get his money back. Alternatively, even if the witness was an accomplice, I have observed his demeanour. I have no reason to reject his testimony," said the judge. Justice Mohtarudin said Shamsuddin had given a reasonable explanation on why he gave two contradicting statements to the Malaysian Anti-Corruption Commission (MACC). "Shamsuddin said the accused had assured him that nothing would happen when they were investigated by the MACC. "However, when Shamsuddin was charged, he lost his confidence in the accused. When he was asked by the MACC to become a prosecution witness, he agreed," said the judge, adding that the defence had never impeached the witness despite attacking his credibility. The court room was packed with reporters and some 50 supporters of Dr Khir, who waited from early morning to hear the decision at the end of the defence case that saw 25 prosecution and five defence witnesses testify. Dr Khir was charged on Dec 6 last year and ordered to enter his defence on Aug 8. He took the stand on Aug 26 and denied ordering Shamsuddin to sell him the pieces of property at a low price.

Perlis Mufti upset with NRD Posted: 23 Dec 2011 09:32 AM PST (The Star) - The Home Ministry will look into the case of Perlis Mufti Dr Juanda Jaya who said his Sarawak-born daughter faced many hurdles when applying for a MyKad. In a statement yesterday, he said National Registration Department (NRD) officers in Kuching had informed him that, according to their records, his 12-year old daughter was not a Malaysian citizen. "They did not tell me this when I applied for the MyKad last week," said Dr Juanda, who is Melanau, adding that the officers had also asked him to show his marriage certificate. Dr Juanda, whose wife is an Indonesian citizen, said his daughter has a Malaysian passport. "My daughter came with us to Jakarta early this month to visit our relatives there using her Malaysian passport," he said, adding the Melanau are clearly stated in the Federal Constitution as bumiputra. Dr Juanda said the NRD's records had shown that his daughter was clearly registered as a Melanau, yet she was not listed as a citizen. "I don't understand how the daughter of a Malaysian bumiputra is not a Malaysian citizen when there are foreigners who are being awarded citizenship by the Home Ministry," he said. Deputy Home Minister Datuk Lee Chee Leong said the ministry would look into the case.

In Malaysia, he's a bad guy Posted: 23 Dec 2011 09:03 AM PST In Malaysia, "Superman" Li Ka-shing is a bad guy, at least that's what former Johor Corp chief executive officer Tan Sri Muhammad Ali Hashim thinks. Zuraimi Abdullah, Business Times DC Comics' "Superman" is a good guy, a great American superhero. In Hong Kong, "Superman" is Li Ka-shing, the mega-rich businessman. In Malaysia, though, "Superman" is a bad guy, at least that's what former Johor Corp (JCorp) chief executive officer Tan Sri Muhammad Ali Hashim thinks. Malaysia's "Superman", based on Muhammad Ali's version, is out to destroy a certain group of companies and suck its assets for monetary gains. This "Superman" is not singular. There are a bunch of them. They are outsiders who have seized control of the Johor state investment company and are responsible for making it incur more debts, strip some big assets and break staff spirit, he claimed. That's a pretty strong allegation. And coming from a respected corporate man who helmed JCorp for 28 years until his controversial departure from the corporation and all of its controlled public-listed companies in July 2010, it seems to be a shocking revelation. It has been a week since the allegation made headlines in the newspapers and websites. JCorp appears disinterested to refute, although there was initial indication from its PR agency suggesting a counter statement was in the offing. JCorp is arguably one of the companies that have grabbed most media and investors' attention at the moment, thanks to its estimated RM5.24 billion offer to privatise QSR Brands Bhd and KFC Holdings Bhd. While we ponder on Muhammad Ali versus JCorp, the main point here is the issue of outsiders and outside interference. For countries, outside interference typically relates to other governments interfering in internal politics or the economy of another government. In companies or divisions within a company, if the management or the board is bringing in somebody from the outside, it could mean its own employees are not talented or capable enough to handle operation or business. Should one bring or allow outsiders to run one's already fine business? Obviously, it will be unsettling if this happens, although it is wrong to assume that all outsiders will not take a good company to greater heights. Still, we need to ask ourselves, how much of our own affairs do we want others to manage? It's a different story if a company is in dire need of a new injection of talent and skills from outside. Hence, most of us, I believe, can understand and accept the entry of AirAsia's Tan Sri Tony Fernandes and Datuk Kamarudin Meranun into Malaysia Airlines, for example. JCorp is a well-run and asset-rich company, albeit being saddled with debts of billions of ringgit. Anyone care to convince us that the Malaysian "Superman" allegation is not true?

Injunction filed to stop Felda's listing Posted: 23 Dec 2011 08:32 AM PST (Harakah Daily) - Four members of Koperasi Permodalan Felda Malaysia (KPF) have filed an injunction at the Temerloh High Court against the public listing of Felda Global Ventures Holdings (FGVH) on Bursa Malaysia. Rosdi Ismail, Alias Ibrahim, Abdullah Mohamad and Rakiah Sulong are also seeking injunctions to block KPF's extraordinary general meeting scheduled on January 5, as well as its decision to dispose its assets in Felda Holdings. In a press conference, counsel Mohamad Harris Abdullah said FGVH had no sufficient assets or funds to go for listing, hence Felda Holding Berhad (FHB) was forced to mortgage its 360,067 hectares of land for 99 years. "However, the land will be still developed using settlers' money. FGVH also proposed to take over all equity belongs to KPF and 10 subsidiaries with a worth of RM3.13 billion," he said, adding that the extraordinary general meeting planned on January 5 did not adhere to KPF's laws because four of its members had applied for an injunction. Meanwhile, Mazlan Aliman, who leads the National Felda Settlers' Children Association (ANAK), told the same press conference that the loss-making FGVH was using Felda Plantations's property for the listing. "The revenue from Felda Plantations at present is at RM2 billion a year. How will it be if being mortaged for 99 years, when FGVH's own performance is poor?" he asked, adding that FGVH performance would be worse under current chairman Isa Samad. Mazlan had earlier said that at present KPF, the largest cooperative in the country, had obtained RM5 billion a year with RM800 million in profit with cash in hand over RM1.1 billion. With such stellar performance, he said, KPF should remain status quo. Mazlan, who is also PAS central committee member, said he had received information about sinister agenda behind the listing plan. He stressed that as such, the government must stop the listing plan, adding that "the question of settlers receiving a windfall does not arise." On Isa's position as KPF chairman, Mazlan said the reply by the Malaysian Cooperative Commission that Isa had not assumed the post was not acceptable. "He is already acting like one (KPF chairman) based on the appointment letter by prime minister," he said. Besides Felda director-general Dzulkifli Abdul Wahad who had been asked to go on leave, Mazlan claimed more key people in the land development authority would be removed by Isa. "The deputy development director, who is also KPF secretary, has been transferred to Putrajaya, and today the deputy director general had been removed by Isa. Another 18 key people will face action. So, we urge Cuepacs to act immediately as Isa is doing this solely because he thinks they are not being cooperative," he warned.

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