MAY THE YEAR 2011 will be a great year for MALAYSIA where all malaysians will enjoy a year of PROSPERITY.
Thursday, December 30, 2010
Wednesday, December 29, 2010
Under Ali, Johor Corp have expanded well with the acquisition of KFC,PIZZA HUT, QSR and Damansara Realty. Beside this,he also bulid up oil palm giant Kulim Bhd and Kumpulan Perubatan Johor (KPJ) which have Ampang Puteri and Tawakal hospitals in its stable.
All the above companies are making good profits every year especially KFC which is a CASH RICH and PROFITABLE company.
In October 2010, during a board meeting,ALI resign immediately on a 24 hour notice because he does not see eye to eye with Johor MB Ghani Othman who is the chairman of Johor Corp. Ghani contention is that Johor Corp debts of RM 6 Billion is too much but Ali contention is that Johor Corp have good assets worth RM 12 Billion to cover the debts.
In my opinion, it is not an issue if a company take on debts to acquire cash rich profitable companies like KFC especially when KULIM BHD is able to service the loan due to good oil palm prices.
The main problem is no the debts but with UMNO NOT BEING ABLE TO TOUCH THE MONEY IN JOHOR CORP AS LONG AS ALI IS AROUND.
Since the days of DR M, UMNO DOES NOT LIKE GOOD,COMPETENT and NO NONSENSE professional managers like ALI and HASSAN MERICAN who does not allow politicians from UMNO in meddling with the business affairs of Johor Corp and PETRONAS.
Therefore, the only way for UMNO to TOUCH THE CASH of KFC and PETRONAS is to REMOVE ALI and HASSAN who does not get along with PM Najib.
If you compare Johor Corp and Petronas with Khazanah Nasional,ALI and HASSAN will beat AMOKH hands down.Just look at the debts of Khazanah which borrow money to buy unprofitable companies.
That is why the country is going downwards as GOOD people are REMOVE not for business but for political reasons. Hassan is currently working for SINGAPORE SEMBAWANG.
As for ALI,WELL DONE and have a deserving peaceful life.
Happy New year to ALI,HASSAN and all my relatives and friends and MAY 2011 WILL BE A GOOD YAER FOR MALAYSIA.
Friday, December 24, 2010
i HOPE THAT THE YEAR 2011 WILL BE A GREAT YEAR for Malaysia where Corruption is reduce and all malaysians enjoy a 2011 year of PROSPERITY.
Monday, December 20, 2010
This events shows that both of this man is only interested in getting married to young girls instead of taking care of the welfare of the poor in Sarawak.
As the state election in Sarawak is going to be held in 2011, I hope that the people of Sarawak will wake up and vote to change the state govt and send this two old man into permanent retirement from politics. The SUPP is the same as MCA and both of this chinese parties have SOLD OUT THE CHINESE IN MALAYSIA.
In fact,this WHITE HAIR MAN is the RICHEST MAN IN MALAYSIA and it was rumours that he OWNED HALF of KUCHING. His deputy CHAN is his BUDAK SURUHAN just like Chay Kueh Teow Ling Liong Sik WHO IS THE budak suruhan to DR M.
The main reason why UMNO did not go into Sarawak is that it was rumour that this white hair man personally donated RM 400 million to UMNO under DR M. Thus,it keep UMNO out of Sarawak politics until today.
I hope that in the coming state election,the people of Sarawak will VOTE OUT the PEH MOH and CHANGE the state govt of BN and PBB who consists of KAKI RASUAH YANG BUAT KERJA TIPU.
Tuesday, December 7, 2010
Please do not celebrate as this could be a WAYANG KULIT by the govt because THE GENERAL ELECTION is coming soon. As Parties in the Pakatan Rakyat Group is fighting among themselves, it is a good time for BN to call for a GE.
Unless Dr GIGI is proven guilty in court,we cannot celebrate like what happen to Eric Chia and Kasitah Gaddam where in the end both was set free by the court.It would not be a surprised to me if DR GIGI trial is for SHOW ONLY and in the end DR GIGI has NO CASE TO ANSWER.
As we all know .we cannot trust the MACC and the AG given their track record,but my trust in both this agencies will improve if they can CONVICT DR GIGI AND SENT HIM TO JAIL AND CREATE AN EXAMPLE OUT OF HIM.
I will also not surprise if Char Koay teow Ling Liong Sik is set free by the court.
In the meantime,we just wait for the BIG DECISION DAY.
Thursday, November 25, 2010
In my opinion, for Lee Chong Wei to become the best player in the world, he must beat China Lin Dan in Beijing or Shanghai or Guangzhou. So far, he have failed.
His performance in the final against Lin Dan is encouraging, considering that his wrist was injured. Even though he lost, his performance was better than the final of the olympic games in Beijing. In this asian games,he managed to take a set from Lin Dan even though he lost in the final.
Hopefully,this lost will spur him to train harder and beat Lin Dan to BECOME THE FIRST MALAYSIAN OLYMPIC GOLD MEDAL WINNER AT THE 2012 London Olympic.
Friday, November 19, 2010
I have just finished watching the Amazing Race Asia 4 and I am very sad that the Malaysian team of Ethan and Khairi is eliminated from the race. This pair of young man is a very good team with little weaknesses but made a BAD MISTAKE during a DETOUR in Bali when after choosing to carry a basket of vegetables on top of their head,they change their mind and carry out another task that is to find a chinese name written on a chinese tombstone in a cemetery. Finding the right tomdstone among the thousands in a cemetery is a very difficult task as what I have personally experience.Mant years ago during CHENG BENG or ALL SOULS DAY, I and my father was looking for the grave of a relative who passed away and buried at the Kwangtung Cemetery in Cheras.It was a difficult search and after a few hours,we gave up.I think Ethan do not have this experience or else he would not have choose this task.
After spending a lot of time and unable to find the name,they change their task to carry a baskets of vegetables.This caused them to lose a lot of precious time and in the end the phillipines duo was able to overtake them.
Over the years,Malaysian teams competing in the amazing race has performed very well especially Ter Joo Jer and Sabrina Fernandez who was the winner of the first amazing race.The Chong sisters came in second in the secong race with Ida and Tania came in third in the third race.
Hopefully,in the 5th race,a malaysian team will emerge as CHAMPION.
Wednesday, November 17, 2010
In my opinion,Bank Negara is wasting its time and effort in implementing this ruling as it does not help to COOL the local property market. In order to avoid a collapse of the property market, Bank Negara should imposed a loan to value ratio of 75% on the purchase of a SECOND property in which bank can only finance 75% OF THE VALUE OF THE PROPERTY FOR THOSE WHO BUY A second PROPERTY.
Thus,this ruling will not penalise the FIRST TIME BUYER and it will cool down the current hot property market to AVOID A SUB-PRIME in Malaysia.
I have a property developer friend who is selling 3 blocks of Studio Apartment totalling 1080 units of 650 sg ft for RM 360,000 each in Jln Kelang Lama.Even without Launching, SEMUA HABIS DI JUAL,all the 1080 units fully sold .
His marketing strategy is that the purchaser only pay RM 5000 on booking. On signing of the S & P agreement, the purchaser need not pay the 10% as required as he is given a 10% DISCOUNT and the balance 90% is finance by the bank and all the legal chargers,stamp duty and other expenses are covered by the developer. The purchaser will start paying the bank when he or she receive the keys to the apartment. The RM 5000 will be use to pay for utilities deposit like water and electricity.
All the purchaser needed is to come up with RM 5000 and this encourage a lot speculators for this property and when the apartment is completed,the value will go up and they will be a lot of speculators ready to SELL for a profit
They are a lot projects in the Klang Valley which is selling like hotcakes and this is due the speculators who are able to get cheap and easy financing from the banks.As the bank have a lot of liquidity,they just lend to cover their interest cost and if Bank Negara is not tough in using its monetary policy to control this HOT property market,Malaysia will face a sub prime mortgage problem like the US.
To all my loyal readers,if you want to purchase a property,make sure that you are investing or staying and NOT SPECULATING as I strongly belief that if things are to continue like this ,our property market will collapse in SEPTEMBER 2011.
Wednesday, September 29, 2010
Urusharta Cemerlang bought this land from Singapore Billionaire Quek Leng Beng. A lot of my friends was asking why is Urusharta Cemerlang so brave in buying this land at such a high price and who is the person who is funding Urusharta Cemerlang. As we all know ,Urusharta Cemerlang is owned by Urusharta Cemerlang Development ( 51 percent) and Qatar Investment Authority (49 percent ). The directors of Urusharta Cemerlang are two unknown that is Zainol Mahmood and Shakni .
Beside Mid Valley, One Utama,Sunway Pyramid,Sungei Wang Plaza and KLCC, Pavilion KL is one of the most successful shopping center in KL. To all my readers and friends,the MAN BEHIND PAVILION KL is DAIM.
Thursday, September 9, 2010
Monday, August 30, 2010
Friday, July 30, 2010
It would not surprise me if this charged is for SHOW ONLY AND HE IS SUBSEQUENTLY FOUND NOT GUILTY. Remember Eric Chia PERWAJA case where Eric was found to be INNOCENT despite billions missing from the bank account of Perwaja.
Mr Samy Corrupt is very happy now because he have prove a lot of people WRONG by hanging to the MIC top post which resulted in him not being charge of any wrongdoing despite rejecting the title TUN. Hopefully, the MACC will go after Samy and the DR GIGI TOYO after charging Ling.
Saturday, July 24, 2010
Monday, May 31, 2010
Friday, May 28, 2010
Monday, May 17, 2010
Monday, May 3, 2010
Saturday, March 27, 2010
Tuesday, March 9, 2010
Monday, February 22, 2010
Friday, February 12, 2010
Wednesday, February 10, 2010
I will also express my greatest appreciation to the late Tan Sri Basil Ismail who is the person responsible for recruiting Hassan into Petronas.In 1984, Bank Bumiputra Malaysia Berhad(BBMB)was badly hit by the Bumiputra Malaysia Finance (BMF) scandal due to corruption by its directors and certain of Malaysia top politicians at that time. In order to keep BBMB afloat,Petronas money was pumped in and Tan Sri Basil who was then the chairman of Petronas was installed as chairman of BBMB. As HRM was the external auditor for BBMB, the partner in charge was Hassan Merican.Both of them was instructed by the then PM Tun Dr Mahathir to clean up the mess in BBMB.After completing the job in BBMB, Hassan took up Basil offered to become Vice President Financial Services of Petronas and the rest as they said is history.
I would like to take this opportuinity to say " TERIMA KASIH " to Hassan Merican for the following reasons:-
Firstly, for giving me a job. I was young and inexperience then but I have learned and gain a lot of experience during my 5 years at HRM.
Secondly,For making Petronas the only FORTUNE 500 COMPANY in Malaysia.
Thirdly,for making Petronas as a company that break record profit year after year. Petronas currently sponsor 45% of Malaysia govt budget and The bonds issued by Petronas is currently rated higher than the bonds issued by the govt of Malaysia in the international financial market.
Lastly, for being a "NO MAN" unlike Amokh in Khazanah who is a "YES MAN" to the PM. Thanks for being brave to say NO to the UMNO politicians.Thus,it make Petronas a great company.
Currently,the only worry is whether Petronas will become another PERTAMINA especially when the new Chairman and CEO is known to BE A YES MAN.I hope that Hassan will DECLINE Najib offer to be the PM oil and gas adviser.
Wednesday, January 27, 2010
Firstly, Hassan is NO "YES MAN". He is very independent in making decisions for the good of Petronas and he does not take any NONSENSE from politicians especially those from UMNO. For this he DOES NOT SEE EYE TO EYE with Najib and he has step on the toes of many Umno politicians. Because of his independence Petronas have become the only Fortune 500 company from Malaysia. The ONLY THING PAK LAH DID CORRECTLY during his time as PM is to leave Hassan and Petronas ALONE.
Secondly,Hassan objected Najib nomination of Omar Ong as a director of Petronas because Omar Ong defaulted on a study loan from Petronas. As Petronas come under the PM Dept,the PM have the final say and Omar Ong was appointed as a director.
Thirdly, Hassan made one of the best commercial decision for Petronas by sponsoring Mercedes F1 team instead of Tony Fernandes Lotus F1 team which have the backing of Najib. This sponsorship into a championship winning team was enhanced when Michael Shumacher signed for Mercedes.Furthermore,Mercedes will use Petronas Syntium lubricants for all mercedes cars in India,Turkey and China.It will not be surprising if Mercedes and Shumacher win the 2010 F1 championship with the racing package it has. It is also not surprising to see Lotus not winning and close shop after the 2010 F1 season due to financial difficulties as Lotus was expecting sponsorship from Petronas of US 85 Million to finance their F1 season.
Fourthly, as long as Hassan is in Petronas,he is an obstacles and a hindrance to Najib when Najib make decisions and policy in Petronas base on political consideration to consolidate his power.
Finally ,it is sad that a CEO who did a fantastic job is given the boot whereas a CEO who lost Billions of public money through Khazanah Nasional was given a new 3 year contract. Currently, the govt is on the verge of Bankrupt and Petronas being the richest malaysian company that contribute BILLIONS ANNUALLY (40 percent of govt revenue) to the govt cannot afford to lose this great CEO. In the end, IT IS MALAYSIA LOST BUT NAJIB GAIN.