Encouraging Entrepreneurialism

by Bakri Musa

Chapter 11: Embracing Free Enterpriseby
Encouraging Entrepreneurialism

A decade ago there was not much interest in teaching entrepreneurialism at business schools as the perceived wisdom was that it could not be taught. Today it is a hot elective for young MBAs. Many top line business schools trumpet their entrepreneurial studies program. It is not accidental that most graduates of American universities aspire to work for the private sector or start their own businesses. Their models are their professors starting new ventures or becoming consultants to industry. In my graduating class, only a few considered a job with the government. The vast majority opted for starting their own medical practices. In contrast, in Malaysia most graduates, especially Malays, look to the government for employment.

The culture and the social environment can do much to foster entrepreneurialism, especially the attitude towards failure and risk taking, as well as the reward system.

The stance towards failure is particularly instructive. As Scott McNealy of Sun Microsystems observes, if you do not have failures, you do not have winners. And if you do not have winners, you do not have a market economy. Part of what makes America great is that there is little stigma attached to failures. The recent Dot.com crash may have dampened but did not destroy the Silicon Valley spirit. Granted, million-dollar homes were not selling fast and there were fewer sleek Porches on the streets of Palo Alto, but the area is still bustling with entrepreneurial activities.

For Malays, the trauma of failure is a double burden. In addition to the deep personal disappointment, they would now be portrayed as yet another example of the inadequacies of their race. This is a major psychological load. Unfortunately the government and specifically Malay leaders, by continually harping and criticizing on the failures of Malays, only aggravates the problem. Read the rest of this entry »

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Christians urged to rejoice in hope amid adversity

Terence Netto | Dec 25, 2011
Malaysiakini

Catholic Bishop Dr Paul Tan Chee Eng called on Christians “to put two years of foreboding caused by corrosive doubt over their fidelity to constitution and country behind them and embrace the hope of change and national renewal.”

In a year-end message to Christians celebrating Christmas and New Year, the head of the Catholic Church in the Melaka-Johor diocese, said:

“Christmas is the season of hope which is why though Christians feel that their loyalty to the constitution and country has been unfairly questioned over the last two years, I pray their predisposition to hope will overcome the challenges posed by political demagogues and religious charlatans.”

The Jesuit-trained prelate has been vocal on issues affecting Christians in the year drawing to an end after his assumption of the presidency of the Catholic Bishops’ Conference of Malaysia on Jan 1, 2011.

Catholics number 927,000 in a Christian population that is slightly over 9% of Malaysia’s total of 27.5 million people.

Bishop Paul observed that the last two years have been particularly trying for Christians as, first, the Catholic Church was at odds with the authorities over the right to use the term ‘Allah’ in their Bahasa Malaysia publications; and, later, Christian groups were accused, on dubious grounds, of proselytising among Muslims and of working to dethrone Islam as the country’s official religion.

“The combined effect of the two issues has left Christians with the feeling that they are a sinister and alien presence in this country when the truth is more nearly that in the education, health, and welfare fields, their contributions have been and continue to be of great benefit to the nation,” said Bishop Paul Tan. Read the rest of this entry »

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FGV listing: Corporate vs. peasant settler

— Sakmongkol AK47
The Malaysian Insider
Dec 26, 2011

DEC 26 — Two upcoming events are being awaited with great anticipation:

(1) The outcome of an injunction application by a few settlers to stop the Felda Global Ventures listing, and;

(2) the January 5 extraordinary general meeting of Koperasi Permodalan Felda (KPF).

The outcome of the second event is a foregone conclusion. Chairman Isa Samad will get elected as the KPF chairman despite not having the qualifications to become an office bearer. He is not a settler nor is he a Felda employee. But the minister in charge of Felda has given his approval; what can people do? The minister is also the prime minister. He is lord over whoever lives in this land.

We must not be sidetracked by this sideshow involving the two-bit actor Isa Samad. The more pressing matter concerns the listing exercise.

Why the injunction? Why should four people extend energy and time and assume the risks of being called traitors and all that, to apply for an injunction? Greed can’t be the overriding objective. If it is, it’s more profitable for the four people to side with chairman Isa, who can be generous if he is pleased.

The object of the injunction is to stop FGV from taking over assets and shares belonging to KPF in Felda Holdings. These people believe that the 350,000 hectares of land that Felda took was actually meant for settlers.

All the assets owned by KPF in Felda Holdings will be leased to FGV for the next 99 years. They will no longer exercise control over the assets as their interests are all converted into shares. Felda Holdings is 51 per cent owned by settlers and 49 per cent owned by Felda Global.

They are willing to risk it all, because they believe settlers are being sold out. Read the rest of this entry »

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Is the Dewan Negara another government department churning out bills?

Dewan Negara speaker ticked off the 8 Pakatan Rakyat Senators for calling for a division in voting for the employment act 1955 after the debate on the bill on 22/12/2011 afternoon.

Earlier during the sitting two others bills, Kampong Baru Development Bill and Peaceful Assembly Bill out of 14 bills tabled so far, were also called for division in voting.

The speaker reprimanded the 8 PR senators for wasting time and that it becoming very frequent. He added that he knows what to do the next time a bloc vote is asked for and that he will not allow it.

He forewarned that hereafter anybody wanting to speak, need not give your names but just stand up and I know whom to call to speak. It seems a veiled warning that unless you guys are subservient and follow my dictates, you will not be allowed to speak. It is very sad that the speaker who is supposed to uphold the dignity and legislative role of the Dewan is instead stifling and strangling the legislation process of the upper house. Read the rest of this entry »

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Numb and dumb no more

Dean Johns | 12:15PM Dec 21, 2011
Malaysiakini

When I asked a young and beautiful pro-democracy activist at dinner in Bangsar the other night how she felt about the latest antics of Malaysia’s ruling regime, she shocked me with her initial single-word response: “Numb”.

But, as she quickly went on to explain, she is vividly aware that numb and dumb is precisely how Umno/BN want Malaysians to feel, and keep on feeling, so they’ll keep tolerating the ruling regime’s regimen of repression and robbery.

And that she knows, as I do, that her momentarily depleted emotions and energies will soon be re-charged by her passion for participating in the massive awakening and spirit of change that is sweeping Malaysia.

Unhappily, however, there are still far too many Malaysians who remain politically naive or napping, having been lulled into slumber by Umno/BN’s endless litany of lies. Read the rest of this entry »

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1Care: Prioritise, not privatise patient care

Dr Ng Swee Choon | Dec 24, 2011
Malaysiakini

We refer to the letter from the Director-General, Ministry of Health: ‘Gov’t not abdicating responsibilities thru 1Care’ on Dec 17.

We fully agree with the need to improve the quality and delivery of health services for the rakyat, provide more choice to patients and preserve the strengths in our current health system. Read the rest of this entry »

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Syria: bloodshed in Damascus

The Arab spring is at a crossroads; if Assad falls and the country avoids civil war, the revolution may move eastwards

Editorial
guardian.co.uk
23 December 2011

It is an unseasonably gloomy thought, but nevertheless a true one: all the aspirations, the sacrifice and the triumphs of a momentous year of revolution and upheaval in the Arab world hinge ultimately on events taking place in Syria. The Arab spring is at a crossroads. If Bashar al-Assad’s blood-stained regime falls, and the country stays in one piece and avoids a sectarian civil war, there is nothing to stop the revolution moving onwards and eastwards. The next stop could well be Iran, but none of the monarchies of the Gulf states are secure either. But if Syria disintegrates, it would quickly become a regional battlefield, fed by the rival interests of its neighbours – not unlike Iraq was in 2006 or Lebanon was during its civil war. And then the Arab spring would well and truly have come to a halt.

On Friday a blood-strewn week reached its apogee with a twin bombing of security and intelligence buildings in Damascus, killing at least 40 and wounding 100. The regime pointed the finger at al-Qaida and the state news agency quoted analysts who included US, Israel and Europe in the list of the bomber’s puppet-masters.

The Free Syria Army denied involvement and voiced scepticism. Read the rest of this entry »

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Celebrating hope in Penang by establishing a people-centric government based on integrity, good governance and letting the people realise their full potential

— Lim Guan Eng
Chief Minister, Penang
Dec 25, 2011

DEC 25 — Christians celebrate not just the birth of Jesus Christ but also hope on Christmas Day. We pray for peace, joy and goodwill to all. Penang also celebrates hope by establishing a people-centric government based on integrity, good governance and letting the people realise their full potential.

Penang has benefited from a clean government. It is not just praise for good financial management from the Auditor-General or from Transparency International for implementing open tenders and fighting corruption. Penang has recorded budget surpluses for the state government, MPPP and MPSP since 2008.

This has enabled social programmes and cash handouts to the elderly, disabled, single mother, new-born babies and students. Penang became the first state in Malaysia to wipe out hard core poverty by 2009. For 2012 the minimum income has been increased to RM600 monthly per household, where the state government will top up any difference to ensure that each family receives at least RM600 monthly. Penang intends to also be the first state in Malaysia to wipe out poverty by 2015.

Penang has also benefited from good governance through building institutions based on freedom, justice, truth and democracy. Freedom of speech and peaceful assembly is observed in Penang with the first Speakers’ Square in Malaysia and weekly protests held in the streets. There is a Freedom of Information Act and implementation of open tenders to ensure the best price, quality and management. CAT governance of competency accountability and transparency has ensured a more responsive, accessible and effective government delivery system. There is also freedom of worship where respect not tolerance is encouraged. Read the rest of this entry »

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What’s fair?

Hussaini Abdul Karim
The Malaysian Insider
Dec 24, 2011

DEC 24 – The headline in The Star’s report by Nurbaiti Hamdan, Friday December 23, 2011 read, “Khir Toyo gets 1 year jail for graft”

Former Selangor Mentri Besar Dr Mohd Khir Toyo was found guilty by the High Court here Friday of knowingly purchasing two pieces of land and a bungalow in Section 7 at a much lower price than its original value from Ditamas Sdn Bhd director Shamsuddin Hayroni in 2007.

He was sentenced to one year in jail from Friday and Justice Mohtarudin Baki ordered his land and bungalow be forfeited.

However, the judge granted him a stay of execution of jail time and forfeiture of the properties pending an appeal after his lawyer M. Athimulan made the request. Read the rest of this entry »

18 Comments

DAP stung by deathwish?

24/12/11 – 6pm

@limkitsiang

Landed @LCCT from KK 2news of another Karpal-Ramasamy blow-up.We must learn hard way BN mainstream media coverage serve BN political agenda

@limkitsiang

As Nik Aziz told PAS leaders: “Selesaikan perselisihan pandangan melalui mekanisme dalaman parti dan tidak memberikan peluru kepada musuh”

@limkitsiang

Ppl asking whether DAP leaders stung by death wish with 13GE around corner. We must respect these feelings if DAP is 2deserve popular trust.

@limkitsiang

Call on all DAP leaders x 2fall into trap of BN mainstream media n 2pursue/resolve all differences in party channels and not outside.

13 Comments

Merry Christmas!

Merry Christmas

18 Comments

Perlis Mufti slams NRD for annulling daughter’s citizenship

By Yow Hong Chieh
The Malaysian Insider
Dec 23, 2011

KUALA LUMPUR, Dec 23 — Perlis Mufti Dr Juanda Jaya today lashed out at the civil service and Putrajaya after the National Registration Department (NRD) told him his daughter was not a Malaysian citizen.

The incident occurred earlier today when Juanda, who is Melanau, tried to renew his 12-year-old daughter’s identity card at the NRD office in Kuching.

“My child is stateless! What kind of system is this? Are we in Africa or chaotic Zimbabwe?” he said in a statement.

“At a time when many foreigners are said to have been given citizenship, my daughter who is a Melanau, a Sarawak Bumiputera whose right to citizenship is clearly preserved in the Constitution, is suddenly said not to be a Malaysian national.”

Juanda said that while his wife was an Indonesian citizen, there was no reason his young daughter should be victimised for this, especially since the NRD’s own records identified the child as a Melanau. Read the rest of this entry »

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FGV: Looking out for settlers’ interests

— Sakmongkol AK47
The Malaysian Insider
Dec 22, 2011

DEC 22 — I am more interested in establishing credibility in a proposition, idea or plan. Accordingly I am not fixated over an idea nor feel xenophobic on having to change my position if necessary, in the interest of achieving credibility.

For example, while I am not immediately taken in by the idea of listing Felda Global Ventures, the rational economist in me accepts that it makes good business and economic sense to restructure Felda’s business to unlock value.

I think, even while some of us differ in our views, this principle of restructuring, reorganizing, changing in order to arrive at better value, is acceptable. Also I am not averse to having experts run and operate the business.

For example, KPF is the investment entity in Felda Holdings. The members of KPF get dividends, handouts, charity, assistance, etc. They are able to enjoy because the commercial entity, Felda Global Ventures Sdn Bhd does the business for them.

KPF’s and the interests of others — public spirited individuals, minders (paid or unpaid) — are to ensure the managers of the business do their work efficiently and create shareholder value. Except that I will always be circumspect about the term “unlocking value”. Read the rest of this entry »

5 Comments

Religious tension mars merriment for Christians

Julia Yeow
Malaysiakini
Dec 21, 2011

In every mall and along every main street in Malaysia’s capital, elaborate decorations and loud, blaring carols bring about festive reminders of the season to be jolly.

But beneath the blinking lights and merry making, many Christians will be celebrating Christmas with an undeniable sense of unease due to rising tensions with Muslim authorities.

Malaysia is a secular state as defined in its constitution, but Islam is the official religion and is embraced by 60 percent of the population. Minority Christians make up about 10 percent, followed by Buddhists, Hindus and people of other faiths.

Religious violence is rare in the multicultural society, but minority religious groups have complained that their right to practice freely is increasingly threatened by a Muslim-dominated government. Read the rest of this entry »

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A year-end look at Malaysia from afar

— Farish Noor
The Malaysian Insider
Dec 22, 2011

DEC 22 — I began my academic career more than a decade ago — and I can wryly state, with a smirk on my face, that my career began in the previous century.

From the outset the subjects that I have taught have been in keeping with my own academic interests as a student years ago: Philosophy, political theory, literature, history and Area Studies, of which the study of Malaysian society, politics and history has always been an ongoing concern of mine. For a decade now I have been offering and teaching a handful of courses, one of them being the history of the society and politics of Malaysia, and this is a course that I have taught in Germany, France and now here in Singapore where I am presently based, at least for the next couple of years or so.

Of all the subjects I have taught, none has had as much attraction – or been the cause of so much anxiety and concern — as the subject of Malaysian politics and history. And perhaps none of the courses that I have taught have cost me so much, emotionally and psychologically.

This is simply because the prevailing norm of academic research and teaching is one that lays emphasis on reason, balance and objective distance from the subject at hand. But when the subject at hand happens to be the country of one’s birth, and to which one presumably has some emotional attachment to, then maintaining that sense of objective, critical, balanced distance becomes difficult even at the best of times.

What compounds matters for me is that my focus on Malaysian society, politics and history is shaped by my other related concerns about the linkages between politics and economics, power and violence, race and religion, and the instrumentalisation of all the previously-mentioned for the sake of power and the use of it by political elites the world over. Parallel to my focus on Malaysia has been my other research interests in radical and potentially violent ethno-nationalist politics, as well as religious politics, communitarian politics and religious violence. Put all of these ingredients into a crammed head like mine and the result is a catalogue of neuroses and anxiety that leads to depression and suicidal inclinations even on the sunniest of days. Read the rest of this entry »

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MACC should interrogate Shahrizat about the corruption scandals affecting all UMNO leaders

The Malaysian Anti-Corruption Commission (MACC) turnabout, announcing that it is investigating allegations surrounding the National Feedlot Corporation (NFC) despite previously saying it would not probe the matter, signifies two things:

• The political heat of the RM300 million cattlegate/cow-condo scandal, involving the Wanita Umno leader and Minister for Women, Family and Community Development, Datuk Seri Shahrizat Abdul Jalil is becoming unbearable for the Prime Minister, Datuk Seri Najib Razak; that her days are numbered and it will be a surprise if she could politically survive into the new year although it is only nine days away;

• A big “black eye” to end the third year of operation of the MACC, plunging public confidence in the independence, integrity and professionalism of the MACC to an unplumbed low, after the earlier series of “black eyes” like the MACC deaths of Teoh Beng Hock and Ahmad Sarbaini Mohamed; MACC used as political pawns to persecute Pakatan Rakyat leaders/activists like Teoh Beng Hock, Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim and former Perak Pakatan Rakyat Speaker V Sivakumar; abysmal failure to check “grand corruption” highlighted by Malaysia’s worst Transparency International (TI) Corruption Perception Index 2011 ranking of No. 60 and score of 4.3 in the past 17 years.

The MACC Chief Commissioner Datuk Seri Abu Kassim Mohamed should resign for the disgraceful cop-out of MACC of no investigation into the RM300 million cattlegate/cow-condo scandal, and the about-face six weeks later, ostensibly after getting the “green light” from the political masters who found the escalating “heat” from the scandal increasingly unbearable and intolerable, especially with the coming general elections around the corner. Read the rest of this entry »

31 Comments

In about face, MACC now says probing NFC

By Shazwan Mustafa Kamal
The Malaysian Insider
Dec 22, 2011

KUALA LUMPUR, Dec 22 — The Malaysian Anti-Corruption Commission (MACC) announced today it is investigating allegations surrounding the National Feedlot Corporation (NFC), despite previously saying it would not probe the matter.

The MACC earlier referred the case to the police, who are now conducting an investigation into possible criminal breach of trust.

But in a statement today, the commission revealed that a special team headed by MACC investigations director Datuk Haji Mustafar Ali has been formed to investigate claims of misappropriation of NFC funds.

“The commission would like to stress that the collection of evidence and testimony has begun since the issue was reported in the Auditor-General’s 2010 report and appropriate action has already been taken on issues raised (in the report),” it said, without detailing the commission’s actions so far.

The statement confirmed the receipt of the latest report concerning the NFC, but said the commission could not divulge any details of the on-going investigation. Read the rest of this entry »

10 Comments

So, this is Malay leadership

By Farah Fahmy | December 20, 2011
The Malaysian Insider

DEC 20 — If our politicians are to be believed, the Malays are under threat these days. Our religion, culture and power are steadily under attack from all and sundry. Everyone has it in for us, from Christians to the Chinese. We are even warned about a so-called “Malaysian Spring” being orchestrated by “anasir-anasir Barat” (and quite possibly, the Jews, who of course, have always had it in for us).

“We won’t surrender an inch,” said the Melayu champion-in-chief (who also finds the time to be our prime minister) during a speech to Pekida recently. Malays, we were told, will never be oppressed in our own land so long as Umno is in power.

Well, glory be. I’m sure there are many others who can sleep more soundly at night knowing that there are so many out there making sure we Malays are not stripped of our position and power in our land.

But … hang on a minute.
Read the rest of this entry »

41 Comments

Election Commission gets rid of candidate objection period – a pre-emptive move to save PM Najib?

by Mat Zain bin Ibrahim
20 December 2011.

I refer to a report by Themalaysianinsider yesterday (19.12.2011) quoting YBhg Tan Sri Abdul Aziz Mohd Yusof, the EC Chairman, to have said, that there will be no more objection period for candidates in the next GE. The onus to check if a candidate is qualified, is now on the EC. Political parties that object to candidates they deem unqualified to contest which the EC has approved, must take the matter to court now,and not on the very morning of nomination day.

At a glance, the new ruling appears to be a sincere and generous handout from the EC in conjunction with the coming Christmas and New Year celebrations and for free, without the parties concerned having to ask or take to the streets to demand for it.

However at closer scrutiny, I am of the opinion that this is a preemptive move by the EC to thwart any objections against PM Najib’s nomination. For if there were, the Returning Officer (RO) concerned, based on the existing rules and procedures during objection period, would have no choice, but to reject PM Najib’s nomination form and disqualify him from contesting in this coming GE.

Firstly, the rakyat should be made aware that our PM has got himself embroiled in misquoting his own name either when affirming his affidavits on 21st and 23rd Sept 2011 or during the swearing-in ceremony as PM before YDP Agong on 3rd April 2009. Both have serious and far reaching legal implications, in as far as his full name is concerned.This includes but not limited to when he files his nomination papers to contest in the coming GE.

Upon discovery of this ‘embroilment’, I sent a written information to the IGP and extended a copy to the Minister of Home Affairs on 8.11.2011.A couple of case laws were cited to support my arguments.

Again on 8.12.2011, I penned an article specially focused on this matter and again sent copies to the IGP and the Minister.The full text of this article was published by Malaysiakini on 10.12.2011 and few other blogs.This article can still be found in Malaysiakini entitled: “Najib’s name game may cost him GE nomination” dated Dec 10,2011. Read the rest of this entry »

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Will 1Malaysia TV be the solution or the cause of the “information vacuum” plaguing government credibility?

Prime Minister Datuk Seri Najib Razak made a very interesting observation when launching 1Malaysia TV yesterday, the existence of an “information vacuum” in Malaysia in the information age with youths turning to alternative online site for news.

But is 1Malaysia TV the solution or it will part of the cause of the “information vacuum” plaguing the government’s credibility?

1Malaysia TV as Internet television is offering inter alia RTM1, RTM2 and TV3, the official channels which evoke intense distrust and low credibility of their information.

Without any change of policy to allow RTM1, RTM 2 and TV3 to be independent, non-partisan and professional tv stations, the primary cause of the “information vacuum” and also why not only youths but Malaysians as a whole are turning to alternative online sites for news and information would not be addressed.

Najib said information on alternative online sites as “sometimes fabricated or untrue”, but these criticisms are equally valid about the official media and now 1Malaysia TV – which is going to repackage the official media on Internet!

Although Najib said that it was essential to provide information to the rakyat rather than to black it out, “as it would only prompt them to seek it from alternative sources”, his administration had been guilty of the “black out” mindset and strategy when confronted with adverse or troublesome developments. Read the rest of this entry »

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