Wednesday, 24 June 2015

Hot, Squirming Grill



Ever listened to BFM’s Business Grill? It’s often done live and sometime you can hear the “grilled” squirming in discomfort.

This morning it was FGV’s group president and CEO Dr Mohammed Emir Mavani Abdullah “appearing” and my God, it was a good grilling.

Of course, it was on no other but FGV’s proposed purchase of plantation assets from Peter Sondakh’s Rajawali Group in Indonesia.


Among the questions asked by (I think it was) Huang were:

Why FGV paid an over the top 23% downpayment:
FGV wanted to show its seriousness.

Is FGV overpaying?
Landbank

Is FGV overpaying again having done so in earlier M&A?
Landbank

Rajawali’s landbank is 1/3 planted, while the rest is unplanted nor without permit?
Landbank

Why did EPF sell of its shares to become a minority? Does it not believe in the vision / strategy of FGV?
FGV is a long term investment

I am paraphrasing, of course, and it would be better to wait for the podcast to come out.

The way Emir was answering the questions asked were not exactly suited to the Breakfast grill style.

He was going in a roundabout way of getting to his point of contention and the host had to interject quite frequently in order to get to the crux of his answer.

It sure made him looked “grilled”, really.

Why should we care if FGV is overpaying in its venture?

We should.

There’s just way too much hanky panky going on in this country where our “guardians” are concerned…
 

Friday, 19 June 2015

Light Be There or Whatever La



One after another: You’d have to finally wonder, “WHY IS IT AROUND IN THE FIRST PLACE?”

Tun Razak Exchange, Bandar Malaysia, Edra, sponsorship to Mecca, PetroSaudi et cetera.

Semuanya in the news for one thing or the other but THEY are always never on developmental progress.

Now this one: TNB to take on Jimmah Powerplant, originally “won” by 1MDB.

Surely TNB will not want to overpay for something that has not taken off.

It’s all diawang – awangan at the moment, and all TNB is taking on is the development job with an aforementioned future tariff chargeable in store.

Wonder how much this will cost yet another of our country’s GLC in the never ending saga that is Najib’s 1MDB…

Ah well...

Que Sera Sera as always...
 

Thursday, 18 June 2015

PASt Distrust



I must admit that the antics of PAS of late (especially since the passing away of Tok Nik) has made it easier to reconcile with my deep innate distrust of any organization that uses the religion – in this case, Islam - as its clarion call.

Doing so puts every Muslim who does not believe in your stands, principles, visions in a dilemma, doesn’t it.

Fed with a constant dose of P Ramlee movies, Western children books (I hear my favourite author as a child, Enid Blyton is a racist. Really? Explains a lot) and comics, Japanese Manga and then a stint (freedom, yayy) of living in the UK as an impressionable young adult, I’m quite the liberal.

I’ve sobered (love for comics still around) on the liberalist ideals; re-entrenched my faith in my search for a balance outlook pre and post life and am praying that Allah will accept me as I am, as I try, as I will forever will accede that my life is His.

I worry when some segments of the Malaysian Muslim community seem to lose this perspective with holier than thou attitudes and judgments.

My thinking now is that PAS is seeing all these changes as something that is ripe for the taking.

Some analysts are saying that the PAS – who lost its supposed (I say so because I do not know any except for Dr Mujahid and Khalid Samad) progressives – is going down the political drain; that its gonna be a party kampong, again.

Seriously, you have to really listen to the grounds before making this dangerous assumption.

My belief is that it is in fact positioning itself to grow from this groundswell of mostly young Muslims looking for directions in the theological sense.

Look at the so called IS' success in recruiting thinking, bright children from Europe to take up arms, to cross borders in answering the religious clarion call and you’ll see where exactly I am going.

The world doesn’t make sense to many of us.  We see the bad apples getting Scot free, making a mockery of the rule of law.

Those with any sense of decency will want a solid authoritative take on where things are going, and for Muslims, where else could they turn to but Allah.

Alas, the danger lies in the fact that we often need to look upon others - the so-called Ulamas – for directions, and we’ve seen how the Ulamas in this country have seemingly taken partisan stands, populist causes et cetera.

As a political party supposedly espousing principles based on Islam, PAS is quite finely poised to fill this vacuum.

If given a choice between a wholly liberalised Malaysia or one that grounded on Corporate Greed or a supposed Utopia based on religious principles, which do you the above-mentioned lost / losing it / needing directions majority would opt for?

Take a wild guess.

Then again, I may well be reading things way, way pessimistically.

Nazir Razak could come up with an ACE of a political party that caters for every bloke; all hunky dory and Malaysians live happily ever after.

Hmmph. In the meantime, Selamat berbuka to all my fellow Muslims.