I would like to share this comments which I have received from a reader, Warrior 123. I am surprised that mainstream newspapers like Star and others, have resorted to quoting sources, has painted a very rosy picture of this AirAsia/MAS share swap without any analysis on the income statements of AirAsia. Please read this well thought out piece below. Judge for yourself. I hope that Tan Datuk Sri Azman Mokhtar, head of Khazanah Nasional Bhd, and the bankers can convince us otherwise with their own analysis based on the AirAsia financial statements.
Wee Choo Keong
KHAZANAH Stop “ANAKTIRIKAN” MAS! How about LSG Sky Chef Brahim?
The Star reported today that “that Khazanah, which owns a 69% stake in MAS, is said to have concluded negotiations with AirAsia chief executive officer Tan Sri Tony Fernandes to come up with a deal to save the national carrier”. “Fernandes is to get 20% equity in MAS under the deal that is to be signed this week, with some sources saying it has already received the Government’s approval and could be inked today.”
In my immediate respond to the above, may I pose three innocent questions to Tan Sri Datuk Azman Hj Mokhtar: Why these so-called negotiations of the share swap were done with such secrecy? Why was there a need for such a rush for this so-called share swap to be signed by this week? Is MAS really in dire strait of collapsing or other airline?
YB Senator Datuk Idris Jala: Is this AirAsia/MAS share swap an indirect bailout?
The MAS/AirAsia share swap deal: “AirAsia’s Fernandes to gain 20% stake in national carrier”. The front page sources story in the Star today. “Fernandes declined to comment when asked about the deal.”, so says The Star. This was not what we know of Tony Fernandes, who loves publicity and is well known to jump on anything to say his bit to enhance his image. Read HERE.
This “share swap deal” is a joke of the century. It would appear that now AirAsia, which has been known to have the special “abilities” to owe airport taxes to the tune of more than RM125 million since it inception until 2010, has been made out to look like a white knight for MAS.
THE PERTINENT QUESTION NOW IS: IS AIRASIA BAILING OUT MAS OR MAS HAS BEEN USED AS A VEHICLE TO BAIL OUT AIRASIA? Your views please, YB Senator Datuk Idris Jala, the former CEO of MAS, on this issue.
Please read further. I leave it to you to judge.
Ribuan Terima Kasih Kepada Rapid KL untuk T 205
Atas permintaan penduduk-penduduk Taman Setapak dan kawasan-kawasan di sekitarnya untuk perkhidmatan bas di kawasan tersebut. Pejabat Perkhidmatan Ahli Palimen Wangsa Maju bagi pihak penduduk-penduduk memohon kepada Rapid KL untuk memulakan perkhidmatan bas di kawasan tersebut.
Selamat menjalani ibadah puasa kepada Umat Islam
Saya mengambil kesempatan ini untuk mengucapkan selamat menjalani ibadah puasa di bulan Ramadan kepada sahabat-sahabat yang beragama Islam.
RM700,000.00 has been saved on the upgrading of Jalan Genting Kelang & Jalan Gombak: said the “contractor friendly” JKA
On 15 June 2009 the Ministry of Wilayah Persekutuan has informed Parliament that the upgrading of Jalan Genting Kelang and Jalan Gombak has escalated to RM108, 643, 726.50 in HERE. The original contract cost was only RM30.8 million and it was supposed to have been completed on 10 May 2009. But it was not to be. It was finally completed in December 2010 but not without pressure.
I believe that DBKL did not impose any penalty for the delay from 10 May 2009 to 31 December 2010, a good 17 months delay! Well, I am not surprised that JKA like Jabatan Bangunan is also very “contractor friendly”!
The Stop Work Order for KP Property Sdn Bhd
[Update 15-7-2011:
Jawapan Bertulis 24 April 2011: Pembinaan Luar Masa di Wilayah
Tuan Wee Choo Keong [ Wangsa Maju ] minta MENTERI WILAYAH PERSEKUTUAN DAN KESEJAHTERAAN BANDAR menyatakan bahawa sama ada Kementerian sedar walaupun wujud peraturan tetap DBKL yang membenarkan masa bekerja antara pukul 8 pagi hingga 6 petang dari hari Isnin hingga Sabtu kontraktor pembinaan tetapi DBKL masih membenarkan tempoh lanjutan untuk kerja pembinaan sehingga lewat malam seperti perkara biasa. Untuk mengelakkan gangguan awam (public nuisance), adakah Kementerian bercadang untuk mewajibkan semua pekerja pembinaan mematuhi peraturan tersebut.
Teks Ucap Perbahasan Anggaran Perbelanjaan Mengurus Tambahan 2011
Teks Ucapan semasa berbahas Ruang Undang-Undang mengenai Anggaran Perbelanjaan Mengurus Tambahan Pertama untuk tahun 2011 di Parlimen pada 20 Jun 2011.
The Opening Ceremony of the Persatuan Penduduk Taman Setapak by YB Senator Datuk Manglin
Today (19 June 2011) was the official opening ceremony of the Persatuan Penduduk Taman Setapak, Wangsa Maju. It was officially opened by YB Senator Datuk Maglin, the Deputy Minister of Information, Multi-Media and Culture. The Ministry distributed 1Malaysia notebook computers and books to several students.