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Showing posts with label Malaysia. Show all posts
Showing posts with label Malaysia. Show all posts

Monday, April 29, 2019

Move away from a culture of mediocrity! Who does Malaysia belong to?

Mediocre future? If selection at the matriculation level is not based on meritocracy, the quality of our tertiary institutions will be diluted and they will produce only mediocre graduates eventually. — Filepic
 Affirmative action should be based entirely on need because a poor Malay student needs a scholarship just as badly as a poor Indian or Chinese student.

THE debate over the intake of students into matriculation colleges in the country is an annual one, just like the offer of government scholarships. I have been a keen follower of this subject for many years and there has never been a year without complaints being made about the selection process.

It is always about top scoring non-Malay students in the SPM examination not being offered places while others with lower grades walk into colleges. This is nothing new in Malaysia, actually.

So why the intense debate now, with leaders from both sides of the political divide openly defending or criticising the quota system applied to the selection?

For those who may not know, the 90:10 (bumiputra:non-bumiputra) quota has been in existence since 2005, according to records. There have been “political adjustments” in the past when more non-Malay students were offered seats, but these were one off actions presumably during election years to woo votes.

One of the reasons for the deluge of criticisms now – some from leaders in the Pakatan Harapan coalition itself – could be due to the new kind of democracy that we expect under the new government.

There have been unverified reports of heated arguments in the Cabinet among ministers, with some defending the policy and others against a quota system that appears to be extremely unfair to Malaysians as they are being deprived of one of their rights in their motherland. Yes, Malaysia is the motherland for most of us and not India or China or Indonesia.

Maybe our government leaders should see the extent of hatred in the social media clips and hate messages that have been circulating expressing the anger, fear and frustrations of non-Malays.

And, of course, some unfairly blame Prime Minister Tun Dr Mahathir Mohamad, seeing him as the man who started this quota system previously and who is now perpetuating it.

What I gather from media reports and social media is that people feel Pakatan has moved away from its election promise of building a more equitable society that will not deprive any community of fair and equal access to tertiary education.

Hearing this promise, among others, Malaysians placed much hope on Pakatan building a new society for all races. When they see it is not happening, or becoming worse in some instances, they react.

I don’t think it is wrong for every top performing student from the B40 (lower income) category to feel devastated if he or she is deprived of a seat while lower-performing schoolmates are offered places. It makes me wonder if the selection committee has some ulterior motive to create this situation to benefit the opposition.

The matriculation programme, an affirmative action policy, started as a system that was based on wonderful ideals, so most Malaysians did not question its implementation initially. But for some reason, it has come to be regarded as pernicious now, as it appears to benefit only one community.

I believe that this practice has led – whether consciously or not – to excellence being suppressed to the point of creating a culture of mediocrity in many aspects of life. This is not going to change even if another government comes into power as long as the policy is not tweaked to meet the changing world.

OK, the government decided to add another 15,000 seats to the 25,000 given out in an attempt to quell the current outcry. Based on the quota, an additional 1,500 non-bumiputra students will now be given college places. At the same time, there will be another 13,500 bumiputra students added, which means there is a high possibility of the need to take in weak students just to meet the quota.

If this practice goes on, it will continue to dilute the quality of our tertiary institutions, producing only mediocre graduates eventually.

As a result, striving for excellence has become secondary, with some Malaysians feeling it is their right to be given university or college seats, or positions and promotions later, because they belong to one race. This is widely in existence and is being perpetuated despite the new government’s promises.

Winning votes at any cost has become as addiction with our politicians, it seems. Are we going to let their thirst for power destroy our nation?

I do agree that most Malaysians are not ready for an absolute meritocratic society because, as some critics say, it will create reverse discrimination where the majority will lose out to a minority.

But I believe, slowly but surely, the balance has to change for non-bumiputra citizens. After all, we are not asking for what is not ours, only what we deserve.

There is no discrimination when we pay our taxes and our only home is Malaysia. And I am sure the first two lines of our national anthem run deep in our hearts: “Negaraku, tanah tumpanya darahku (My country, for whom I will shed my blood)” are words that most of us carry in our hearts, and we are indeed ready to take up arms to defend the nation from any threat, as shown in the past.

We are in the 21st century now when affirmative action should not be based on a citizen’s skin colour or creed. Affirmative action should be based on one’s need because a poor Malay student needs a scholarship just as badly as a poor Indian or Chinese student.

There are many Malaysians who think that we’ve arrived at a time when affirmative action needs to be dismantled slowly, with a specified time frame given.

But this is a highly contentious issue and the government must tread carefully, as any sudden deprivation will have a strong social reaction.

We should create a belief that a love of learning will gain Malay-sians far more than any affirmative action laws we might pass.

But this change should come from within, as no quota or law can make us realise this. If Malaysians are not willing to work hard and earn their places or positions and instead wait for hand-outs all their lives, we will fail as a nation eventually.

kparkaranLet’s stop breaking the hearts of Malaysians when it comes to education. All students need a helping hand, irrespective of who they are, as we march onwards towards becoming a respected First World nation.



Read more  




We can soar with a meritocratic system - Letters


 

Who does Malaysia belong to?

Great responsibility: To move forward, we Malaysians have to take responsibility for the destiny of the nation on our own shoulders.

The Federal Constitution does not confer any rights to 'ownership of the nation based on ethnicity or religion.


TO whom does Malaysia belong to may sound like a hilarious question, but do not overestimate the capacity to which the human mind is used.

Experience and observation will tell you that many of us (sometimes me included), often make a choice of not thinking about things based on facts. Instead, we form conclusions based on conjectures and other people’s uninformed opinions.

So who does Malaysia belong to? There are many ways of approaching this question. As I often tell the audience in my talks about “thinking”, we have to understand the question first before we can even attempt to seek an answer.

For example, if we think of Malaysia as a politico-legal entity – a “nation” – then it becomes obvious that the question relates to an examination of the legal structure of the nation.

Seeking the answer may lead to further questions. It is no longer a “kedai kopi” kind of discussion where everyone wants to have a say simply because they can make sounds with their mouths. That can be a tiring experience, at least for me.

So when then did the politico-legal entity called “Malaysia” come into being’?

Malaysia was legally born on Sept 16, 1963, when the Federation of Malaya (West Malaysia), Singapore, Sabah and Sarawak formed the larger Federation of Malaysia. About two years later, the Malaysian Parliament passed a Bill to separate Singapore from the Federation. Hence, from 1965, Malaysia is legally made up of what is know today as West and East Malaysia.

Obviously, we do not think that the Federation of Malaysia had come about as a result of some casual social chat between the leaders of the respective states over teh tarik.

There were meetings and discussions back and forth between the parties and they came up with an agreement to join together as the Federation of Malaysia vide the Malaysia Agreement 1963.

Whenever there is an agreement, there are terms and conditions for the parties to abide by. The agreement, however, is not the subject of this article.

When you see Malaysia as a legal entity, you will immediately ask a few other questions: How is Malaysia managed as a nation and who manages it? What are the rights, duties, obligations, and privileges of the “members” of this Federation of Malaysia? What about “non-members” who are present in the Federation?

These kind of questions have to be asked and thought about. We can understand that the “members” refer to the states that make up Malaysia and most of the human beings who live here.

The human beings make up the citizens and the non-citizens and well, some illegal immigrants. Each of these human beings have different legal status in our country.

When we speak of “belong”, we think in terms of ownership, management, rights and privileges. How is it possible to say something belongs to you if you do not own it, or do not have the right to manage it?

Legally, the nation is “owned” by the citizens of the country because they are authorised to “manage” the country and to determine its destiny. The citizens can either bring the nation to a high level of civilisation or bring it down to a failed state.

The basic framework of the rights of the citizens and how the nation is to be managed is provided for in the Federal Constitution, correctly termed by the constitutional law expert Professor Emeritus Dr Shad Saleem Faruqi as the “document of destiny”.

How we interpret the Constitution and if at all we give “life” to the provisions in the Constitution will shape the destiny of the nation. The Constitution is the supreme law of the land and it is an extremely important document that every citizen should know.

It is important to note that the Constitution does not confer any rights to “ownership” of the nation based on ethnicity or religion.

Every citizen is equal before the law save for particular laws relevant to particular groups of citizens due to the diverse nature of our citizenry. The Constitution clearly spells out the fundamental liberties that all citizens have a right to enjoy in Part II, and the manner in which the Federation of Malaysia is to be managed in Part IV and VI.

There are also provisions regarding the civil service (Part X), the judiciary (Part IX) and elections (Part VIII), to name a few.

In this regard, therefore, any claims to ownership of the country in terms of religion or ethnicity is therefore not supported by the reality of the law.

It is also a divisive and bigoted perspective which will harm the nation in the long run. In layperson terms, Malaysia legally belongs to all Malaysians and they have equal rights and duties to develop Malaysia and to live in it peacefully.

Do not behave as if the country belongs only to the politicians in power. We should have learnt this lesson by now. Ownership does not come without an effort. You have to protect the nation as how you protect your home or property in accordance with the laws.

If you really think this country belongs to you, then you should not simply be subservient to unjust laws, if any.

You have to challenge it and ensure that it is consistent with the provisions in the Constitution and move your parliamentary representatives to pass just laws that will protect you and develop the nation wholesomely. Ownership comes with real responsibility and not with mere slogans, rhetoric or political speeches.

It is most unfortunate that despite having achieved independence for more than 60 years, there are still many citizens who are ignorant of the Constitution.

This I believe, is largely due to their own apathy and also due to the unfortunate Malaysian culture of taking the politicians to be their teachers.

Hence, political narratives that affront common intelligence are mistaken to be the law by the feeble minded amongst us. We have to move forward and take responsibility for the destiny of the nation on our own shoulders.

Saturday, April 20, 2019

Do you earn enough to sustain your lifestyle?


DO you know how much you need to sustain your lifestyle every month? Are you living within your budget or stretching to make ends meet?

We can now gain insights with the unveiling of Belanjawanku, an Expenditure Guide for Malaysian Individuals and Families, launched by the Employees Provident Fund (EPF) in early March.

The guide offers an idea of the living costs for respective household categories. It encompasses the expenditure on basic needs and involvement in society for a reasonable standard of living in the Klang Valley.

According to Belanjawanku, a married couple with two children spend about RM6,620 per month on food, transport, housing, childcare, utilities, healthcare, personal care, annual expenses, savings, social participation and discretionary expenses.

When I read this guide together with the income statistics published by the Statistics Department, it reveals that a vast majority of Malaysians can’t afford to live in the Klang Valley.

Based on the statistics, the median household income for Malaysian households in 2016 is RM5,228, far below the RM6,620 required for a family with two children to stay in the Klang Valley.

If we take a closer look, the median income of M40 group (Middle 40%) is RM6,275, which means five out of 10 households in this category received RM6,275 per month or less. This indicates that over 60% (40% from B40 households and half of the M40 households) of Malaysian households (if they have two children) can’t afford to stay in the Klang Valley.

What went wrong in the process? Why are many households having challenges to meet the required budget?

According to Belanjawanku, a married couple with two children spent the majority of their income on food (RM1,550), followed by childcare (RM1,150) and transport (RM1,040), then only on housing (RM870) and other items.

Based on the research, even if housing was provided for free, a household of four would still need RM5,750 to sustain their lifestyle. Therefore, the common perception that only housing is expensive is not right. It is not that housing is expensive, but that everything is expensive because of inflation over the years! The value of our currency has fallen due to global money printing measures over the past decade.

Belanjawanku compiles only core living expenses without luxury items or excessive spending. It also doesn’t include long-term financial planning tools such as funds for education or investments. If the majority of Malaysian households have challenges in meeting the existing expenses listed in the guide, it poses a serious concern on their future financial prospects.

The underlying factor of this challenge is the low household income earned by Malaysians. The previous government failed to move us to a high income nation as they had promised, and more families are stretching to make ends meet now. It may lead to serious financial problems in the future.

If median household incomes don’t increase, the B40 (Bottom 40%) and half of the M40 will always struggle even if housing is free, assuming that they aspire to have two children and to live in the Klang Valley.

According to Transparency International Malaysia, corruption had cost our country about 4% of its gross domestic product (GDP) value each year since 2013. Added together, this amounts to a high figure of some RM212.3bil since 2013. For 2017 alone, that figure was a whopping RM46.9bil!

Imagine what we can do with these monies if there was no leakage in the system? The previous government should have channeled the money to stimulate economic growth and increase the income of the rakyat.

Going forward, I am optimistic that the new government, with its promise of a clean and transparent government, can finally fix the leakage and focus on generating a higher income level for all Malaysian households.

Financial independence is a key factor in the overall well being of the rakyat. We need to increase household incomes to a level where families can meet their basic needs and embark on long-term financial planning, to elevate their quality of life.

Then, and only then, will housing and other living expenses finally become affordable.

By Food for thought By Alan Tong

Datuk Alan Tong has over 50 years of experience in property development. He is the group chairman of Bukit Kiara Properties. For feedback, email bkp@bukitkiara.com


 
Related posts:

Five challenges young Malaysians face with home ownership


For many young Malaysians, the road to owning a home is riddled with speed bumps. — Pexels 
 

Middle class malady

Struggling and frustrated: Most aid goes to the B40, leaving the M40 feeling adrift and on their own
 
 
 

Housing affordability is an income issue, what's with the fuss?


Moving forward with affordable housing


Friday, April 19, 2019

5G to move Malaysia forward

https://youtu.be/gxzRcADAY8Q https://youtu.be/z463kkLVc80 https://youtu.be/6p_NWJlDhWU

5G technology is go­­ing to be the cornerstone of Malay­sia’s march into the new age and a vital foundation for the country to remain relevant and competitive, said Tun Dr Mahathir Mohamad.

Speaking at the launch of the 5G Malaysia showcase here, the Prime Minister said Malaysians can leverage on this technology within the next three years and catapult the national economy towards strong and sustainable growth.

“We have come a long way and yet there’s still a distance to go,” he said, adding that 5G would impact every industry that is vital to the growth of the country’s economy.

“Industries like manufacturing that has contributed 22% to the Gross Domestic Product in the last five years, remains integral to the national economy.

“Through smart manufacturing or massive machine-type communications, the government hopes that it can attract high value-added, high technology and knowledge-intensive investment in areas such as aerospace, chemicals and chemical products, machinery and equipment and medical devices,” Dr Mahathir said.

He was given a taste of the future when he was driven in a driverless car and had a conversation with a hologram.

The Prime Minister was taken on a driverless blue Proton Exora for a 500m ride from the Palace of Justice to the Putrajaya Corporation building on the opposite side of the road.

A safety driver was present and sat on the driver’s seat and showed the prime minister that the car was able to manoeuvre even though his hands were not on the steering wheel.

Dr Mahathir was visibly impressed with this latest technology as he waved at the crowd and media cameramen.

As he entered the function hall, he was again given an experience of how things will be in the future when he had his face scanned to gain entry into the hall.

Later at the launch, the Prime Minister spoke to a little girl by the name of Aisyah, not with her physically but her hologram.

Aisyah or her real name Tengku Zara Eryna Tengku Ahmad Saifud­din is no stranger to Dr Mahathir.

The seven-year-old was featured in an election campaign video with the prime minister last year.

During the short conversation with the hologram, “Aisyah” asked: “Atuk, when you were my age, what G were you on?”

Dr Mahathir replied “Zero G”, draw­­­ing laughter from the audience.

“Aisyah” also asked Dr Mahathir what’s next for Malaysia beyond 5G, to which she answered “Teleporting humans”.

Dr Mahathir told the audience that the government, through the National Fiberisation and Connec­tivity Plan and the National 5G Task Force would create an environment conducive for the growth of 5G.

The 5G showcase event is open to public at the Putrajaya Corporation Complex until April 21.

by mazwin nik anis and joseph kaos jr The Star

Firms racing to be the first to provide 5G



With the government backing 5G in order for the country to get on the Fourth Industrial Revolution, many companies are racing to be the first to bring the benefits of the technology to the masses.

“The 5G technology will enable our industries to fully exploit the power of artificial intelligence, robotics, big data, virtual reality, and software engineering,” said Communications and Multimedia Minister Gobind Singh Deo at the launch of the inaugural 5G Malaysia Showcase.

“It will bring innovation which will substantially impact almost every sector, including education, transportation, agriculture, healthcare, manufacturing, entertainment and public safety.”

The four-day showcase at Kom-pleks Perbadanan Putrajaya features 11 local and international telcos, tech companies and higher learning institutions.

Digi showcased the potential of 5G in emergency services.

Digi chief executive officer Albern Murty said: “It enables the use of 4K video, collection and transferring of data in real-time to respective emergency services such as first responders, hospitals, and the fire department, saving valuable time.

“What is equally important is 5G’s capability to dedicate a portion of the network for mission critical services such as emergencies.”

The system uses a drone which will scout road and traffic conditions, and transmit the data to the a Command Centre Monitoring System, ambulance and hospital in real time.

Celcom Axiata Bhd unveiled its first autonomous car, a collaboration with eMoovit and Ericsson, which uses a combination of sensors, cameras, radar and artificial intelligence to travel without a human driver.

Celcom also showcased its 5G Hologram Call technology which projects people and objects in 3D.

In a demo, Maxis proved that its 5G network could exceed 5Gbps (gigabits per second).

Its chief technology officer Morten Bangsgaard said: “It’s been slightly over a month we started our live trials. What we are doing now is validating how it will perform in real life, under different conditions like what it happens when it rains. These are practical things that will enable us to learn how to build the network, understand expected capacities, cost involved, which are important to allow us to plan for our rollout.”

But he said the nationwide rollout could only be planned after it gets the spectrum allocation.

“The government has indicated that an announcement on spectrum allocation will be made later this year,” he said.

TM One chief executive officer Azizi A. Hadi said the most important element in the 5G race was how it is used to benefit people’s lives and consequently take Malaysia to the next level.

He showed how the Smart Safety Helmet developed by TM can be used to tell the location of the wearer as well as if the person is injured in the line of duty.

Nokia on the other hand demonstrated how 5G could be used for venues, allowing more devices to be connected at the same time, and events streamed in virtual reality for those who could not attend.

It also showed off a virtual reality table tennis game, and how 5G could be used for quality control in the manufacturing field.

ZTE had a demo of a racing game streamed from a remote location to a virtual reality headset using 5G, showing how the technology can be used to make gaming more accessible to those without a gaming machine.

Huawei offered a virtual reality 4K drone for attendees to try out. The drone would pan and tilt according to users’ head movements in “almost” real-time.

It also showcased the use of 5G in agriculture, aquaculture, healthcare alongside its RuralStar technology, which it says will be able to provide cellular coverage to rural and underdeveloped areas.

U Mobile showed tele-surgery, multi stream 4K videos and low latency gaming but cautioned that 5G requires supporting devices for it to take off.

Jasmine Lee, U Mobile chief marketing officer, said: “Even 4G did not really take off until there were devices, and content, so it is really going to be the same for 5G.”

Read more:

Building Malaysian economy based on digital competency - Business ...


Related News


Thursday, April 18, 2019

Steep learning curve


What is meant by "steep learning curve"?


Unfazed, this mass comm graduate overcame all kinds of challenges to make it in business.

SAMANTHA Mah did well on her first business venture but suffered a loss on her second. However, failure did not deter her and her two partners from moving on. They gave it another go until they could see the fruits of their labour.

Mah worked as a company administrator and voice talent for radio commercials before she decided to venture into business.— aNis aBdullah/The star

Mah’s first business received an investment of RM10,000 from her sister, Natasha, 37. She and two investor-partners started an online boutique targeted at young women. After one-and-a-half years, business picked up and was quite good.

Mah, 30, is the youngest in her family. She has two elder sisters and a brother.

Mah, Natasha and a friend Jason Leong, 31, started their trading company on March 8, 2011. Just four months later, it incurred a big loss, prompting them to change the products they were selling – from peanuts and sesame seeds to edible organic products.

A mass communication graduate from Universiti Tunku Abdul Rahman (UTAR) in Selangor, Mah had worked part-time as a company administrator and voice talent for radio commercials before she venturing into business. She is now the marketing manager/managing director of her company.

After starting Wide Tropism Trading, she passed her online boutique business to a friend.

One of the biggest challenges for Mah, at the beginning, was that neither she nor her partners had a corporate background.

“We handled matters based on our experiences. Sometimes we had to ask friends for advice.

“In the first few years, there were lots of arguments,” she said.

Mah is glad that her relationship with Natasha survived those trying times.

As part of the company’s costcutting measures, each of them had to take on more responsibilities in various departments.

“There were too many things on my plate – human resource, accounts, design and marketing – and I was suffocating. But we did not have enough (finances) to hire staff,” said Mah.

After two months, she “exploded” and cried during a meeting.

“I could not take the pressure and workload anymore,” she said. Eventually, they could afford to hire new staff.

“Only then did things start to fall into place,” she said.

Cheated by a supplier

Initially, they were importing foods such as peanuts and sesame seeds, and distributing them to local suppliers. Unfortunately, they suffered a huge loss in the first year itself due to unscrupulous parties.

Due to limited cash flow, they could only import one container of stock at a time. Each time, they flew over to the exporting country, India, to check on the quality of the stock and witness the peanuts being loaded into the containers. The first two shipments went through successfully.

However, the third shipment, supposedly of Grade A peanuts, was discovered to contain Grade C stock instead, when it arrived.

She said: “No one in the market would accept the stock. We sought help from the local distributor to sell off the peanuts at a lower price but even then, no one wanted them. After trying for two months, we had to sell off the peanuts to a peanut butter factory at below cost. As a result, we ran into losses amounting to RM40,000.”

The supplier denied it was his fault and instead blamed others. They then contacted the High Commission of India, in Kuala Lumpur, for help but to no avail.

“We wondered how we were going to continue business. My father advised us to pick ourselves up, learn from it, and be more careful. Everyone was very supportive and encouraged us to continue. They believed we could do better,” she said.

Mah then sought help from her uncle, an experienced fruit trader and grocer. He advised her to run a business that’s less risky, such as repackaging and distributing organic products.

She and her business partners promptly took his advice.

In July 2011, her company had its first customer, a newly opened supermarket in Petaling Jaya. In two months, Mah’s team had designed the logo and sourced for products and packaging. And so, their label Love Earth was born.  

Overcoming obstacles

Every day, Mah and her partners packed their products until midnight, and delivered them, working on weekends to selfpromote their products as well.

Said Mah: “Each time a new supermarket called, we’d celeto brate!”

Gradually, it was time start their expansion plan but they were hampered by limited cash flow.

They knew they had to spend more to create brand awareness. That’s when they started their online webstore.

“None of us had any knowledge about marketing. So I attended marketing and e-commerce talks to learn and see what we could do,” she said.

Mah recalled: “The first three years of business were really tough. My salary was only RM1,000 monthly (to cut costs).”

But their efforts paid off. After five years of sheer hard work, they could buy two units of four-storey shophouses.

The company started with 50 products and now has 180.

Currently, it is distributing these products to over 500 outlets throughout Malaysia.

New priorities

Mah, who got married two years ago, plans to expand her family this year. Her husband, C.V. Loh, 32, distributes bio-degradable plates, lunch boxes and bowls as well as health supplements.

She said: “I hope to have financial freedom, and more time for my family. If possible, I would like to be a part-time businesswoman and full-time housewife one day.”

She plans to raise her children herself and not send them to a nanny. She also hopes to travel more in the future. Presently, she travels at least thrice a year. Seeing other countries and cultures opens up one’s mind, she said.

Although she is a career woman, Mah believes in putting family first.

“Women play a role in bringing up the family. If a child is not well taught, he might be a nuisance to society in the future. But if he has a good upbringing, he can be the sun that shines and brings benefits to all. Also, a woman is the pillar that upholds the family,” she said.

Mah explained that even though she studied mass communication and broadcasting, it was during her internship that she realised that she wanted to go on a different career path than she had originally planned.

After her graduation, she thought of going into volunteer work. But her uncle advised against it. He told her to be successful so that she could help herself and others in future.

By Majorie Chiew The Star


Related posts:


Hats off to a strict father


It pays to be stern 

Startup opportunities abound

 

My home, my school

More and more Malaysian parents are turning towards homeschooling today for various reasons. 

Giving a choice of education to our students in Malaysian school systems


Tuesday, April 16, 2019

Malaysia's East Goast Rail Link (ECRL) project cost saved by RM21.5 bil to RM44 bil

https://youtu.be/FxibXKYslSQ

 

PUTRAJAYA: Malaysia Rail Link Sdn Bhd and China Communications Construction Company Ltd have signed a supplementary agreement that will pave the way for the resumption of the East Coast Rail Link (ECRL) project.

The signing was achieved after months of negotiations between the companies involved as well as the governments of Malaysia and China, said the Prime Minister’s Office (PMO).

“We are pleased to announce that the construction cost of Phases 1 and 2 of the ECRL has now been reduced to RM44bil.

“This is a reduction of RM21.5bil from the original cost of RM65.5bil.

“This reduction will surely benefit Malaysia and lighten the burden of the country’s financial position,” said the PMO in a statement Friday (April 12).

The supplementary agreement covers the engineering, procurement, construction and commissioning aspects of the ECRL, it added.

The PMO also said that further details of the improved deal will be made known at a press conference next Monday (April 15).

Prime Minister Tun Dr Mahathir Mohamad is expected to give the press conference.

According to earlier reports, Phase 1 of the 688km rail line will be from Klang Valley to Kuantan while Phase 2 will cover Kuantan to Kuala Terengganu.

The project’s Phase 3 will see the rail line connecting Kuala Terengganu to Kota Baru and Tumpat. - Star, NST, MM


Read more:

ECRL is up and running again

Less tunnelling work lowers ECRL cost - Nation


China welcome, but priority to local firms for mega projects


New ECRL deal may become a case study for others


Putrajaya to be rail hub - Nation

Malaysia to 'take advantage' of ECRL deal to sell China more palm oil ...

ECRL project revival to benefit many sectors - Business News

ECRL deal to include commitment from China to buy palm oil ...


Improved ECRL deal a 'solution' to debt trap concerns

BERNAMA.com - New ECRL deal a big win for Dr Mahathir, says US .

ECRL's immense possibilities - Letters


Related posts:

The price we pay to axe East Coast Rail Link (ECRL)


Rail link a huge economic boost, big news for small towns in Malaysia

 

The rail economics of East Coast Rail Link (ECRL)


The world’s oldest PM, Dr. Mahathir must now walk the talk




Keep China's faith in us; Relationship with China is crucial, says expert


Friday, April 12, 2019

FELDA WHITE PAPER reveals SHADY DEALS


These penyangak-penyangak left their marks ... we are left to clean up. - Tun Dr Mahathir Mohamad

Settlers were facing hardship, yet new cars were bought. - Datuk Seri Anwar Ibrahim
These actions were not only irresponsible but criminal in nature. - Datuk Seri Azmin Ali
Felda only incurred losses after Pakatan took over the government. - Datuk Seri Ahmad Maslan

The chairman held positions in as many as 39 Felda subsidiaries. Even more shocking is that billions were used to ‘buy’ political support and a stake in an Indonesian firm was acquired for 344% more than it actually costs. And the agency’s debts rose by 1,100% in 10 years



 ‘Irresponsible and criminal’


KUALA LUMPUR: The Felda White Paper was tabled in Parliament, during which the government accused the previous administration of, among others, shady transactions and conflict of interest.

The Dewan Rakyat was told that some RM2.7bil of Federal Land Development Authority (Felda) money was used to buy political support before the last general election in May 2018.

Economic Affairs Minister Datuk Seri Azmin Ali, in tabling the White Paper on Felda in Parliament yesterday, said it was “corporate malfeasance” that led to Felda suffering massive losses.

He also alleged that former prime minister Datuk Seri Najib Razak was implicated in “shady deals”.

“(Najib), who was known as MO1 and who was the finance minister at the time, was involved in the investment process. These actions were not only irresponsible but criminal in nature,” he claimed.

Azmin cited the purchase of Indonesian company PT Eagle High Plantations Tbk from PT Rajawali Capital at a higher market rate as an example of the abuse of Felda funds.

He added that as of March this year, the RM2.3bil investment was only worth RM500mil.

On Tuesday, Felda director-general Datuk Dr Othman Omar lodged a police report claiming that Najib had pushed it into investing US$505mil (RM2.07bil) in Eagle High.

In the report, he said the amount paid to acquire a 37% stake in the Indonesian company was 344% more than its actual value of US$114mil (RM466.9mil).

Eagle High is part of the Rajawali Group owned by Peter Sondakh, who Othman claimed was close to Najib.

In black and white: Azmin with (from left) Felda chairman Tan Sri Megat Zaharuddin Megat Mohd Nor, his deputy Senator Dr Mohd Radzi Md Jidin and Othman showing the Felda White Paper at Parliament.

Azmin added that Felda’s debts had drastically risen by 1,100% from RM1.2bil in 2007 to RM14.4bil by 2017.

He also said there was a conflict of interest by former Felda chairman Tan Sri Mohd Isa Abdul Samad – referred to as FO1 – by holding positions in 39 other subsidiaries under Felda and Felda Global Ventures (FGV).

Isa, who was appointed as Felda chairman from January 2011 until January 2017, was FGV chairman as well as FIC chairman.

Later, wrapping up his reply to debate on the White Paper, Azmin said the government would adopt a new model in managing land under Felda which had been leased to FGV.

In his winding-up speech, Azmin acknowledged that it was difficult to return the land to settlers as Felda had leased it to FGV under a 99-year agreement.

“However, Felda is in the midst of reviewing the terms of the agreement with FGV so that it would benefit all parties, particularly settlers and Felda, although the land does not belong to them,” he said.

He added the White Paper on Felda would seek a new model to manage Felda land to ensure more profitable economic scale of return.

On claims by opposition lawmakers that Felda had made a loss after Pakatan took over, Azmin clarified that Felda’s true net value was only revealed after an impairment exercise was carried out on its assets.

He said the former Felda management had failed to carry out an impairment exercise to value its investment and kept quiet about it until 2018.

“They did not do the impairment exercise so the books would look good. If the management was honest, they would have carried out an impairment exercise between 2013 and 2016 to determine best value of the investment,” said Azmin.

He said when land was managed by Felda itself, it managed to obtain nett profit of RM1bil to RM2bil.

By Jagdev singh sidhu, martin carvalho, hemananthani sivanandam, rahimy rahim, and tarrence tan The Star

Planting seeds to a new Felda 

 New beginnings: The new Felda aims to be run as a well-functioning corporation with better internal controls.
New beginnings: The new Felda aims to be run as a well-functioning corporation with better internal controls.

THE scale of malfeasance was staggering. The White Paper on the goings-on in Felda and its subsidiaries read like a litany of wrongdoings that breached proper governance standards that most companies have to prescribe to.

There were many reasons why the checks and balances within Felda failed, largely because there was none. The concentration of authority within the hands of a few individuals, with little exercise of fiduciary duty by other members of the board, meant a free hand for the few.

The forensic audit conducted by Ernst & Young detailed the collapse of internal controls and oversight in a number of deals done by Felda. Overpriced deals were made and in the end, it was the settlers that bore the brunt of the consequences.

Charges have been filed against former Felda chairman Tan Sri Mohd Isa Abdul Samad, and given the scale of alleged fraud that had taken place, more police reports are about to be lodged in the days and weeks ahead. And more people are expected to face charges.

All of that will mean that justice to what had happened at Felda will be sought. That process will take time, but in the meantime, the main thrust of the White Paper, apart from detailing the cocktail of crimes, was what to do with Felda next.

The key take-away from the report was that there will be a new Felda. The old one, with its own legacy problems, meant that it will be best to start over again with a new focus.

The financial performance of Felda warrants the change as it has been losing money since its unit FGV Holdings Bhd was floated on Bursa Malaysia and its debt ballooned from RM1.2bil in 2007 to RM14.4bil in 2017. And its assets just about doubled. From those numbers alone, it was imperative that financial assistance from the government be extended to rehabi­litate Felda.

The government will inject RM6.23bil into Felda in stages in the form of grants, loans and guarantees and much of that money will actually go towards reworking Felda.

The agency’s debt will be taken care of and so will the settlers’ loans. Housing for second-generation Felda settlers will be built and RM480mil will be given to help pay for their living cost.

In changing Felda from what it is now to what it should morph into, the government will inject RM1bil for the settlers to plant new cash crops.

Relying on palm oil and rubber alone has been good, and the settlers and Felda benefited from that. But in today’s world, other cash crops have gained prominence over the golden crop of Malaysia.

With the price of food, which includes fruits and vegetables, along with livestock, having increasing value, the shift towards these crops is understandable and inevitable.

Settlers will be able to get more income from cultivating such crops and rearing livestock to go along with the lease agreement they can get by agreeing to allot their rights to their oil palm estates to Felda for a steady monthly return.

Felda can then use the economies of scale from the amalgamated lands and better productivity to generate higher returns. The use of modern technology in farming Felda land is also in the right direction.

The other steps put forward by Economic Affairs Minister Datuk Seri Mohamed Azmin Ali is to have better infrastructure in the areas within the scheme, improve development of human capital and a host of other measures that seek to revitalise the prospects of the settlers and their next generation.

The new Felda aims to be run as a well-functioning corporation. Governance, transparency and all the other buzzwords that mean better internal controls and eliminating corruption needed to be done.

Having professionals run Felda is the correct move and with all of this, it is hoped that Felda will shed its sordid past and return the agency to what the settlers and their kin have sacrificed for.

The overarching intention of the revamped Felda is to make sure that only the welfare of the settlers and the agency are taken care of.

It is also a political move to ensure that a key vote bank that helped swing the tide of the last general election remains intact. But beyond the politics, the revamp of Felda is a much-needed move that will only serve to benefit those involved in the scheme and the country.

It is the right thing to do.THE scale of malfeasance was staggering. The White Paper on the goings-on in Felda and its subsidiaries read like a litany of wrongdoings that breached proper governance standards that most companies have to prescribe to.

There were many reasons why the checks and balances within Felda failed, largely because there was none. The concentration of authority within the hands of a few individuals, with little exercise of fiduciary duty by other members of the board, meant a free hand for the few.

The forensic audit conducted by Ernst & Young detailed the collapse of internal controls and oversight in a number of deals done by Felda. Overpriced deals were made and in the end, it was the settlers that bore the brunt of the consequences.

Charges have been filed against former Felda chairman Tan Sri Mohd Isa Abdul Samad, and given the scale of alleged fraud that had taken place, more police reports are about to be lodged in the days and weeks ahead. And more people are expected to face charges.

All of that will mean that justice to what had happened at Felda will be sought. That process will take time, but in the meantime, the main thrust of the White Paper, apart from detailing the cocktail of crimes, was what to do with Felda next.

The key take-away from the report was that there will be a new Felda. The old one, with its own legacy problems, meant that it will be best to start over again with a new focus. The financial performance of Felda warrants the change as it has been losing money since its unit FGV Holdings Bhd was floated on Bursa Malaysia and its debt ballooned from RM1.2bil in 2007 to RM14.4bil in 2017. And its assets just about doubled. From those numbers alone, it was imperative that financial assistance from the government be extended to rehabilitate Felda.

The government will inject RM6.23bil into Felda in stages in the form of grants, loans and guarantees and much of that money will actually go towards reworking Felda.

The agency’s debt will be taken care of and so will the settlers’ loans. Housing for second-generation Felda settlers will be built and RM480mil will be given to help pay for their living cost.

In changing Felda from what it is now to what it should morph into, the government will inject RM1bil for the settlers to plant new cash crops.

Relying on palm oil and rubber alone has been good and the settlers and Felda benefited from that. But in today’s world, other cash crops have gained prominence than the golden crop of Malaysia.

With the price of food, which includes fruits and vegetables, along with livestock, having increasing value, the shift towards these crops is understandable and inevitable.

Settlers will be able to get more income from cultivating such crops and rearing livestock to go along with the lease agreement they can get by agreeing to allot their rights to their oil palm estates to Felda for a steady monthly return. Felda can then use the economies of scale from the amalgamated lands and better productivity to generate higher returns. The use of modern technology in farming Felda’s land is also in the right direction.

The other steps put forward by Economic Affairs Minister Datuk Seri Mohamed Azmin Ali is to have better infrastructure in the areas within the scheme, improve development of human capital and a host of other measures that seek to revitalise the prospects of the settlers and their next generation.

The new Felda aims to be run as a well-functioning corporation. Governance, transparency and all the other buzzwords that mean better internal controls and eliminating corruption needed to be done. Having professionals run Felda is the correct move and with all of this, it is hoped that Felda will shed its sordid past and return the agency to what the settlers and their kin have sacrificed for.

The overarching intention of the revamped Felda is to make sure that only the welfare of the settlers and the agency are taken care of. It is also a political move to ensure that a key vote bank that helped swing the tide of the last general election remains intact. But beyond the politics, the revamp of Felda is a much-needed move that will only serve to benefit those involved in the scheme and the country.

It is the right thing to do.

By jagdev singh sidhu The Star




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