Showing posts with label Commercialisation. Show all posts
Showing posts with label Commercialisation. Show all posts

Monday, 14 September 2015

Hands Dirtying Act



And here we thought that Najib is on swell terms with Goldman Sachs.

Maybe there is a pouting moment here, what’s with the whole controversy swirling around 1MDB and Goldman Sachs' role.

Anyway, I digress.

This is in relation to the supposed reactivation of govt equity investment firm , Valuecap, “to shore up the country's stock market”.

The amount – while certainly more than, urm, RM2.6 b – is pretty small when compared to the money pumped by the Chinese government to “prop up (its) plunging stock market.”

Of, course China’s equity market have tumbled like an unstable pack of cards line atop each other to start with.

Didn’t do much help and the bigger fear would then what if the government then decides to stop hoarding and pull out.

Our stock market have seen better days, but as is forever the economic cycle, there will be bulls and there will be bears.

So why the RM20b injection?


And where is this fund coming from?


Why the selected stocks and who decides?


At what point which Valuecap stop, urm, propping and starts selling again to recoup?


Or is there going to be no recoup?


Can Najib simply, simply take RM20b from the national coffers to pump into the share market which is supposed to be market driven without the Parliament's okay?

RM20b is not exactly peanuts and last generations.



Why is the govt getting its hand dirty again with such a commercialized move? Doesn’t 1MDB provide any experience on the folly of doing so?



Or are we missing a bigger picture here?

Not us, of course.

Monday, 23 July 2012

Serious Water Woahs


Probably no one is surprised with the whole “No Way, Jose” stance by the Serious Water Cabinet Committee on Selangor's serious (treated) water conflict.

Decision No 1: Push the "Take Over Syabas" application to the AG on “substantive and procedural” concerns

Decision No 2: Push ahead the billion Ringgit Langat 2 treatment plant.

Decision No 3: There’ll be no water rationing and Syabas has to ensure waters supplies are a-flowing

Note also all these decisions are made unilaterally and came mere days after the Serious Water Conflict Cabinet Committee was formed.

Apparently, the seriousness level of the serious conflict was not THAT serious to warrant a lengthy drawn out, candle burning, coffee cups re-brewing, inter-missive home calling: “No dear…Still nothing” “Don’t wait up” marathon sessions.

Nope. Nothing of that sort. One meeting was all it took.

Urmm… If things were that bloody simple, why the Sam Hill was there a need to form such a seriously manned, and helmed Cabinet Committee? Collective responsibility? Safety in numbers? Bullying capacity?

Mind also that the water crisis situation is current while the so-needed Langat 2 water treatment plant is said to tackle future ones.

Huh? Aren’t we supposed to be in a serious situation NOW? So, what about the NOW?

Syabas is supposed to ensure free flowing water taps from where? The supposed over utilized current treatment plants?

Anyway: do read up also RPK’s take on the whole Selangor (and elsewhere) water situation and yes, in a way, I do agree with him.

We shouldn’t have gone the way of privatization of such a basic need of the Rakyat in the first place.

After all, it might just (might, mind you) open the Pandora box to a possible milking of serious water crisis situations to milk the state / federal coffer for money to “solve” the crisis.

Again I repeat: might, not would, not could, but might.

Nah. Probably not. We are in good hands of corporates who are all “People first, profits second.”


Thursday, 20 November 2008

Individual Solace

If I could fashion a personalized praying room, or hall, it would have to be based on Kuala Kangsar’s Masjid Ubudiah.

Not in its architectural design - despite the relatively medium sized mosque being one of the most beautiful constructions in the country – but the internal set-up, especially the carpeting.
Masjid Ubudiah, Kuala Kangsar
The carpet lining the floor of Masjid Ubudiah is not of the really deep plush variety, but it gives you the most exotic scents as you sujud so much so that you wouldn’t really mind reading the verses a whole lot slower that you normally would.

This is one mosque where the execution of the minimum five prayers a day is a pleasure not only to the soul, but also the senses.

Masjid Ubudiah, I sincerely believe, is just the right size and walking from the area where you take your wudhu to the praying hall is just a short distance, unlike, say, the Shah Alam mosque.

Another fine mosque I enjoy praying within is that of Universiti Teknologi Petronas (UTP, for short).

It is minimalist in design lacking the grandeur of it’s other more illustrious siblings and provides the most calming of experience especially if you opt to conduct your prayers in the open air section.

Sited next to a lake, the design is such that a cool breeze would envelop your body even during a hot afternoon, which the whole area of Sri Iskandar, Tronoh and the likes – being the ex-mining area that they were – are for most of the time.

The UTP mosqueOn occasion I would just stay on for a while after prayers to just enjoy the solace.

Being a Muslim in this country is almost heaven sent, with most areas having Mosques and Suraus, and missing the five main prayers a matter of personal choice especially for those on the roads.

Before the completion of the UTP’s mosque, a favorite stop was a mosque near (if I’m not mistaken) Titi Gantung my friends and I dubbed “Masjid Pas” for the predominant white-moon-on-green-background flags within its vicinity.

It’s old and rickety and, during the construction of the Ipoh – Lumut expressway, a hassle to drive in and out of, but there’s ample parking, clean water and clearly designated (and clean, too!) toilets for the male and the female ummah.

Best yet, it has the same warm wood scents I could associate with my grandparent’s home in Alor Star where I grew up all those years ago.

These mosques and suraus are iconic constructs in Islam being the recognized “agama rasmi” of the country.

Diverging a bit, what of arches built in the pretext of campaigning for Islam Hadhari ?

A lifting of the veil by the new Malay Mail team on Nov 20 revealed the project involving the construction of 14 arches “key, high traffic sites nationwide in exchange for an exclusive 15-year concession” deal by the Prime Minister’s Department with a media company.

The project’s brief: “Cadangan penajaan gerbang kempen kesedaran nilai - nilai murni menerusi Islam Hadhari.”

Further, the MM article said the campaign period for the government will be for three months a year, the rest of it being free advertising space for the media owner.

My, my. What sort of messages would be fronting the arches the other nine months?

The Jalan Syed Putra's construction – already causing some bad vibes amongst nearby residents for water supply disruption – is supposed to be the pilot project.

Correct me if I’m wrong, but “nilai – nilai murni” shouldn’t start on such wrong footing of raising people’s ire.

And just call it as it is.

The way it is elsewhere

Billboard promoting Islam