Archive for August 5th, 2010
Who decided on the Cabinet gag order on any public discussion of the “Allah” controversy announced by the Deputy Prime Minister, Tan Sri Muhyiddin Yassin after the Cabinet meeting yesterday?
Was it with the full support of the four MCA Ministers and all other non-Muslim Cabinet Ministers – or did they express and register their protest and objection?
Malaysians had been told that the Cabinet operates on the principle of consensus – which means that if there is one Minister objecting, a decision on a new policy or measure would not be taken by the Cabinet.
If so, if the four MCA Ministers had spoken out against the gag order and asked the Cabinet to consider resolving the long-protracted “Allah” controversy by deciding that the Home Ministry should withdraw its appeal against the Lau Bee Lan judgment in the Kuala Lumpur High Court in January this year
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KUALA LUMPUR, Aug 5 — One-time Malaysian icon, the 100-year-old Sime Darby Berhad, appears to be in a downward spiral as it faces huge losses again after the last one 13 years ago, with top officials being taken off from several units.
The Malaysian Insider understands that the government conglomerate will next month announce that potential full-year net loss could top RM2 billion — and go as high as RM2.5 billion. Most of the losses are down to ill-advised investments in the energy and utilities sector in Qatar as well as tardy business practices in the development of the Bakun dam in Sarawak.
The last time Sime Darby saw red on its balance sheets came after the 1997 Asian Financial Crisis, when a plunge in the stock market and a sharp depreciation of the ringgit led its financial arm, Sime Bank, to post a RM1.6 billion loss — the largest in Malaysian banking history — for the six months to December 1997. The conglomerate went on to post a six-month loss of RM676.2 million and closed the 1998 financial year with a net loss of RM540.9 million.
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(Speech by Berita Harian Singapore editor Guntor Sadali, at the Berita Harian Singapore Achiever of the Year Awards ceremony on July 28, 2010)
It is a fact known to all that Malays in Singapore are a minority.
However this minority is quite different from other minorities in the world.
Similarly, to some, Singapore is just a red dot in this vast Asian region.
But it is no ordinary red dot.
It is a grave mistake to equate size with ability, just as it is wrong to assume that being small and in the minority is to be weak and insignificant.
The recent World Cup proved this. While Spain may be the world champion, it was minnow Switzerland that became the only country in the tournament that was able to defeat Spain.
Forty-five years have passed since Singapore left Malaysia, yet every now and then we still hear non-complimentary comments from across the Causeway about the Malay community here. Read the rest of this entry »