• The 21 years of mismanagement that brought MAS to its knees - The Malaysian Insider

    – The Malaysian Insider file pic, May 27, 2015.Beginning September, Malaysia Airline System Bhd, the company Malaysians know as the national carrier since 1972, will cease to exist. It would instead be replaced by a new company, Malaysia Airlines Bhd, to be fully owned by Malaysia’s sovereign wealth fund Khazanah Nasional before a planned re-listing in Bursa Malaysia by 2019. This, however, is not the first time MAS has been subjected to a turnaround plan or a bid to save the airline.

    The Malaysian Insider q
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  • Executive taxi company offers employment to MAS staff - The Malaysian Insider

    – The Malaysian Insider pic by Lavanya Lingan, May 27, 2015.An executive taxi company had come forward to offer employment to Malaysia Airlines (MAS) employees who are facing retrenchment. The retrenched staff could take this opportunity to venture into the taxi business," Premium Big Blue Taxi Services adviser Datuk Shamsubahrin Ismail said. He said the company would waive the deposit required that could cost between RM6,000 and RM8,000 depending on the taxi model.

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  • Is AirAsia making good use of its 171 Airbus jets?

    ― File picKUALA LUMPUR, May 27 ― AirAsia's rapid network expansion and huge plane orders aimed at meeting what CEO Tan Sri Tony Fernandes once described as “amazing” demand are in the spotlight after the carrier fell into the red for the first time since 2008. Malaysia-based AirAsia, Asia's biggest budget airline by passenger volume, posted a net loss for October-December due to a weaker ringgit and higher costs despite lower fuel prices. It hasn't helped that a jet operated by its Indonesia affiliate crashed in December, killing 162 people on board. In one sign of AirAsia's increasingly inefficient deployment of its assets in its expansion across Southeast Asia, return on assets (ROA) has fallen over the past decade.

    The Malay Mail Online | Malaysia q
  • No more delays, PAC warns Arul Kanda - The Malaysian Insider

    – The Malaysian Insider pic, May 27, 2015.The Public Accounts Committee (PAC) today dismissed 1MDB's top executive's excuse for failing to attend its proceedings, and said no more second chances would be given to them once they are summoned again. Datuk Nur Jazlan Mohd said 1MDB president and group executive Arul Kanda Kandasamy and former chief executive officer (CEO) Datuk Shahrol Halmi would be summoned after PAC called up auditing firms Deloitte and KPMG. Whether Arul got his notification late from MOF (Finance Ministry), that's not our concern.

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  • Refugees sighted before discovery of graves | theSundaily

    PADANG BESAR: Before the gruesome discovery of mass graves and camps, locals in Kampung Wang Kelian saw refugees coming down the hill in search of help. Villager Lyza Ibrahim, 37, told theSun that she and her husband stumbled upon a group of people whom she believes are Rohingya refugees last month. "I was with my husband late in the evening when we were just about to close our warung, we saw a group of people, about ten of them, they look tired and some looked malnourished.

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  • Moody’s: Malaysia’s handling of 1MDB not as transparent as hoped

    ― Picture by Melissa ChiKUALA LUMPUR, May 27 ― Putrajaya’s handling of the debt-laden 1 Malaysia Development Berhad (1MDB) is not as transparent as Moody's Investors Service has hoped, its senior analyst said today. Christian de Guzman, who is also one of the ratings agency’s vice presidents, said Moody’s does not have any details on 1MDB’s restructuring plan or full details of the state-owned fund’s strategic review that was conducted earlier this year. “The government's handling of 1MDB isn't as transparent as we would have hoped or expected for a sovereign for which we assigned the current score of assessment of institutional strength,” he said during the media roundtable on Malaysian Sovereign, Banking and Islamic Finance outlook here. De Guzman also said there is a “significant degree of opacity” with regards to 1MDB and even its accounts, pointing out that even the Prime Minister Datuk Seri Najib Razak, who is also the chairman of 1MDB's board of advisers, has said it is “inappropriate” to release anything that's dated past the last audited results from 2014.

    The Malay Mail Online | Malaysia q
  • Ponzi scam woman missing - Regional | The Star Online

    LEONG Lai Yee, the woman at the centre of an alleged million-dollar ponzi scam who has been uncontactable for more than a week, has been reported missing. Investors who say they are owed a total of $60mil (RM161mil) fear that she has left the country. Last week, about 60 investors came forward to say they had given Leong money, which she said would be used to buy distressed properties in prime districts to be sold at a profit to overseas buyers. An investor who gave his name only as Ong went to her house in Tanah Merah on May 16 after she did not reply to text messages, and calls to her and her husband’s phones could not get through.

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  • When an ex-PM accuses the PM of lying

    Kingfisher: It is a sad episode in the annals of our governance culture when a sitting PM is identified for having lied in matters of fiscal responsibility as finance minister by none other than a former PM.

    Malaysiakini q
  • Great Wall of Gopeng hides priceless Gaharu hybrid - The Malaysian Insider

    – The Malaysian Insider pic by Jerry Francis, May 27, 2015.The Great Wall of Gopeng, just about 25km south of Ipoh, has become a tourist attraction and an icon of the once thriving tin-mining town. Of course, it can never be as “great” as the one in China, but it is becoming known not because of the 3m high wall but for what lies within – the Gaharu Tea Valley. Inside the walled enclosure are about 200,000 trees of a valuable species of Gaharu, which is commonly known as Agarwood. In different parts of the world, it is also known as Aloeswood, Eaglewood, Oud or Jinko, comprising 17 species in total.

    The Malaysian Insider q
  • Close call for Shanghai-bound SIA flight after double engine failure - The Malaysian Insider

    A potential tragedy was averted last Saturday when a Singapore Airlines (SIA) flight to Shanghai suffered a loss of power to both engines. Singapore's Straits Times reports that the incident on SIA flight SQ836 occurred at an altitude of 39,000 feet, about 3.5 hours into the flight amid bad weather.

    The Malaysian Insider q
  • 1MDB makes a fool of every citizen, institution including Parliament – J. D. Lovrenciear - The Malaysian Insider

    The latest revelation by Bank Negara Governor is spine chilling. Hot on its heels we also learn that the two top guns of 1Malaysian Development Bhd (1MDB) snubbed the Public Accounts Committee (PAC) by asking for a 30-day grace period. And if that is not enough the Prime Minister Datuk Seri Najib Razak hollers all the way from Japan that the duo will not run away and will keep their date with PAC.

    The Malaysian Insider q
  • IGP warns foreigners against inciting Malaysians - The Malaysian Insider

    – The Malaysian Insider pic by Afif Abd Halim, May 27, 2015.Inspector-General of Police Tan Sri Khalid Abu Bakar today has warned foreigners entering the country to avoid inciting Malaysians into holding or taking part in street demonstrations, adding that such characters were not welcome. He said this when asked about the reason why Hong Kong activist Joshua Wong was detained by the Immigration Department officers and later deported after landing at the Penang International Airport yesterday.

    The Malaysian Insider q
  • Need for PM’s approval on 1MDB deals a known fact, CEO says

    ― Reuters picKUALA LUMPUR, May 26 — The requirement to obtain the prime minister’s written approval for any financial deals undertaken by 1 Malaysia Development Bhd (1MDB) was never hidden from public knowledge, the troubled fund’s chief executive said today. Arul Kanda Kandasamy said there was nothing dubious about the matter as the investment arm’s Memorandum of Articles and Association Agreement (M&A) can be easily accessed by anyone. “These documents, along with the company’s financial accounts, have always been available to the public via the Companies Commission Malaysia,” Arul Kanda said in an email reply to Malay Mail Online.

    The Malay Mail Online | Malaysia q
  • Public still ignorant of waste separation rule beginning September 1 - The Malaysian Insider

    – The Malaysian Insider file pic, May 27, 2015.Effective September 1, Malaysian households in the states that have adopted the Solid Waste and Public Cleansing Management Act 2007 (Act 672) are set to see a whole new dimension in how they will be disposing of their household waste. The new approach in solid waste management will be implemented in stages in states and territories that have adopted the Act, namely Kuala Lumpur, Putrajaya, Pahang, Johor, Malacca, Negri Sembilan, Perlis and Kedah. All this while, households and business premises have been discarding recyclables and non-recyclables together, but come September 1 that will no longer be the case.

    The Malaysian Insider q
  • What exactly are 1MDB assets in S’pore bank?

    How could a statement on a paramount issue like 1Malaysia Development Berhad (1MDB) be casually written by a lowly ministry official without the approval of the finance minister whose job is on the line? Wg321: Why is the Finance Minister II Ahmad Husni Hanadzlah dishonest? On March 10, 2015 in a written reply in Parliament, PM Najib Razak said the US$1.103 billion (RM3.9 billion) which were held in the Singapore bank is in the form of cash. This statement had been corroborated by 1MDB president and group executive director, Arul Kanda Kandasamy.

    Malaysiakini q
  • Giant rat photo goes viral on social media | theSundaily

    PETALING JAYA: A photograph of a gigantic rat, allegedly caught during an operation in USJ11, is now making rapid rounds on the the social media. However, there is nothing to get worked up about as this is not a species of some mutated rodent, but merely the result of the angle the photograph was taken.

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  • Guan Eng asks Hadi: Why disrespect us if you’re still with us?

    — File picKUALA LUMPUR, May 27 — DAP’s Lim Guan Eng demanded today that PAS president Datuk Seri Abdul Hadi Awang explain why he has been working outside the Pakatan Rakyat (PR) framework when he still claims to be loyal to the pact. The DAP secretary-general listed five questions that he said Hadi should answer to prove his commitment to PR, including the latter’s alleged refusal to adhere to the pact’s agreed policy on hudud, his recently expressed support for Prime Minister Datuk Seri Najib Razak and apparent support for the notion of teaming up with Umno to form a unity government. If Hadi can not keep his promises, how then can DAP co-operate with Hadi on the basis of mutual trust and respect?” Lim asked in a statement.

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  • Lack of support for Adi Putra hypocritical of Putrajaya, say educationists - The Malaysian Insider

    – The Malaysian Insider filepic, May 26, 2015.The lack of support given to child genius Adi Putra Abd Ghani showed that Putrajaya was "hypocritical", said an educationist, who compared the government's treatment of the Mathematics prodigy with a scholar who was convicted of paedophilia in London recently. Zairil Khir Johari, a DAP parliamentarian who is vocal on education issues, said today Putrajaya's treatment of the 16-year-old Adi Putra was "horrible and hypocritical".

    The Malaysian Insider q
  • Bank Negara confirms told about 1MDB-BSI ‘cash’ issue by Singapore

    — File picKUALA LUMPUR, May 26 —  Bank Negara Malaysia (BNM) today confirmed receiving a report from its Singapore counterpart on a complaint lodged by BSI Bank about 1Malaysia Development Bhd’s (1MDB) account that the Swiss bank was handling. BNM Governor Tan Sri Dr Zeti Akhtar Aziz said the Monetary Authority of Singapore (MAS) had furnished its report on its investigations into the account, which recently caused controversy here when it was revealed that the US$1.103 billion (RM3.985 billion) kept in it was in “units” and not cash as previously claimed. “They have announced to send the report to us and yes, we did receive it,” Zeti said during a press conference on the Labuan Financial Services Authority Annual Report 2014 here today. But she declined to divulge the contents of the report, which former prime minister Tun Dr Mahathir Mohamad previously insisted contained information to show 1MDB lied about having cash in BSI Bank.

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  • Second stage of BR1M to be distributed tomorrow | theSundaily

    PETALING JAYA: The second stage of the 1Malaysia People's Aid (BR1M) will be distributed tomorrow (May 28) involving 4.65 million recipients. Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the second stage would also include the appeals approved for 141,670 recipients. “The BR1M payment will be credited directly to the recipients’ account. Ahmad Husni also said the government had introduced the Death Benefit Scheme with assistance of RM1,000 aimed to help beneficiaries of BR1M recipients who passed away and senior citizens.

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