• 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.

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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.

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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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  • 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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  • 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
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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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  • 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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  • 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.

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  • 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.

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  • No room for staff unions as MAS ‘reboot’ takes off in September - The Malaysian Insider

    – The Malaysian Insider file pic, May 27, 2015.MAS Employees Union (Maseu), the airline's biggest and most powerful workers union, will effectively cease to exist once Malaysia Airlines (MAS) completes its restructuring exercise. Maseu, which represents some 13,500 MAS employees, is expected to be dissolved as the new management has indicated that the union did not have a place in the new company, which will start operations on September 1. The union, resigned to this for the moment, is looking at turning itself into a cooperative in the new entity. Maseu executive secretary Mohd Jabarullah Abd Kadir confirmed this and told The Malaysian Insider that two extraordinary general meetings had been held recently to discuss the possible dissolution of the union.

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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.

    The Malay Mail Online | Malaysia q
  • Dragged down by losses, KL shares open in red

    KUALA LUMPUR, May 27 — Shares on Bursa Malaysia were in the red this morning, dragged down by losses across-the-board as weak buying sentiment persisted. As at 9.26 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.83 points easier at

    The Malay Mail Online | Money q
  • Insisting 1MDB audit faulty, Pua demands probe on Deloitte

    — File picKUALA LUMPUR, May 27 — DAP’s Tony Pua today urged the Malaysian Institute of Accountants (MIA) to investigate accounting firm Deloitte for failing to report allegedly dubious transactions it may have unearthed when vetting 1Malaysia Development Berhad’s (1MDB) books. In his complaint to MIA, the Petaling Jaya Utara MP cited the International Standards on Auditing, which he pointed out stipulates that auditors must conduct their job with “professional skepticism”. Pua added that Deloitte’s auditors “cannot claim ignorance” given the public interest on 1MDB.

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  • A better MAS layoff deal - Nation | The Star Online

    PETALING JAYA: In a last minute change of heart, more than a third of the 20,000 Malaysia Airlines (MAS) staff will be getting termination payments according to their collective agreements (CA). Yesterday, the airline’s nine union leaders were told that the staff payout would be according to the CA and this was received with much cheer at a meeting held at MAS with the airline’s parent body Khazanah Nasional Bhd and MAS officials. A large chunk of MAS employees are unionised. Unfortunately, not all of us will be re-hired by MAS Bhd,” said an employee.

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  • Singapore doctors pay RM14.3 million in damages over lipo-suction death case - The Malaysian Insider

    The High Court in Singapore yesterday ordered two doctors who botched a liposuction procedure on late property management firm boss Franklin Heng Ang Tee to pay S$5.32 million (RM14.3 million) in damages. The bulk of the sum is for the loss of inheritance of Heng’s children, for which Justice Choo Han Teck awarded S$3.88 million. Drs Wong Meng Hang and Zhu Xiu Chun had in 2012 admitted they were liable for Heng’s death. The 44-year-old chief executive of YTL Starhill Global REIT Management had gone to Reves Clinic on December 30, 2009 for liposuction.

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  • Shafie, Zahid not contradicting each other over leaked Muhyiddin video, says Umno Youth - The Malaysian Insider

    – The Malaysian Insider pic by Afif Abd Halim, May 26, 2015.Two Umno vice-presidents had not contradicted each other over the disciplinary action to be taken against the party leader who had distributed a video of Tan Sri Muhyiddin Yassin calling for the 1Malaysia Development Bhd (1MDB) board to be sacked, said Khairy Jamaluddin today. The Umno Youth chief said vice-presidents Datuk Seri Ahmad Zahid Hamidi and Datuk Seri Shafie Apdal were consistent that disciplinary action had to be taken against a deputy division chief who recorded the video.

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  • 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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  • Amazing halal food at Medan Selera Stadium Ipoh - The Malaysian Insider

    Locals and visitors love to visit the famous Medan Selera Stadium in Ipoh, especially for its widespread amazing food. HungryGoWhere dropped by recently and found a bunch of halal favourites from this food haven to help you make the right tasty decisions the next time you rock up to the stadium. One of the most famous food stalls at the halal section of the stadium food court is Wak Nasi Lemak.

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