Comments for Wee Choo Keong |
- Comment on Deputy Finance Minister told Parliament: MAS-AirAsia share swap based on share price on 5-8-2011 by Anonymous
- Comment on Deputy Finance Minister told Parliament: MAS-AirAsia share swap based on share price on 5-8-2011 by Pak Amin
- Comment on Deputy Finance Minister told Parliament: MAS-AirAsia share swap based on share price on 5-8-2011 by Anonymous
- Comment on YB Tan Sri Nor Yakob and Md Nor: How much did MAS sell the 70% of MAS Catering? by En. Acura
- Comment on Deputy Finance Minister told Parliament: MAS-AirAsia share swap based on share price on 5-8-2011 by MAS Boy
- Comment on YB Tan Sri Nor Yakob and Md Nor: How much did MAS sell the 70% of MAS Catering? by MAS Boy
- Comment on Deputy Finance Minister told Parliament: MAS-AirAsia share swap based on share price on 5-8-2011 by Jay
- Comment on YB Tan Sri Nor Yakob and Md Nor: How much did MAS sell the 70% of MAS Catering? by En. Acura
| Posted: 05 Oct 2011 08:32 AM PDT Malaysian Airlines System Employees' Union (Maseu) secretary general Ab Malek Arif said the staff of the national airlines had not forgiven former prime minister Dr Mahathir Mohamad for appointing Mr T to replace Abdul Aziz as the MD in the 1990s. Claiming that invisible hands had been at work since T's appointment, Malek recalled how MAS was making profits every year before T came on board. “It is clear that MAS staff are still angry and cannot forgive what Mahathir did,” he said He, he, he Che Det, macam meludah ke langit . Note: Sorry just a minor edition to avoid unnecessary problems. |
| Posted: 05 Oct 2011 07:08 AM PDT Kenyataan YB Awang Adek yang menunjukkan beliau adalah BODOH. |
| Posted: 05 Oct 2011 02:36 AM PDT In Islam when you hold Public Office you must tell the Truth when you speak. When you make a Promise you must keep it. And when you are given Trust you must not betray it. Todate God has been very kind to Malaysia. Many Third World countries in the Asian and African region are being devastated by floods, drought, Tusunami, fire, famine , earthquake and not to mention civil war. I do not know how war can be civil. But we in Malaysia have been spared. I hope that we do not miss this opportunity to get a head beacuse I am afraid that by the time you wake up God,too, may wake up to tell us that our time is up. |
| Posted: 05 Oct 2011 12:38 AM PDT MAS Boy, ya la you are right about the open tender and nepotism or croniysm. To be totally fair and transparent is something which our country needs to strive for. Can this happen under the current administration? I honestly don’t know if the deal was unfair to MAS. Perhaps YB Wee can get an answer in Parliament. But from public records it seems that the catering business was losing money before the sale and that after the sale, the amount paid to LSG for catering expenses remained relatively the same. Do you agree? Yes it should have been open tender but even now lots of things are done by direct nego, the MRT project, Sg Besi Base etc. Those are big fish compared to this. To answer your 2 questions: |
| Posted: 04 Oct 2011 11:42 PM PDT The picture is showing a happy family. Both were smiling away at the rakyat. Kerjasama was the key word but kerjasama for who? the facts showed that the kerjasama was for Airasia all the way. Awang Adek please give a clearer answer next time. Please don’t make yourself to look so stupid. Share swap based on share prices! how stupid can Khazanah and Awang Adek be. Why NTA/valuation was not used to calculate the percentage of share. Share prices can be manoipulated as pointed out by YB. I have looked at the historical prices in BURSA KL website. It can not be clearer that there were grounds for an investigation into possibilities of INSIDER TRADING! Only the blind cannot see it. KLSE what are you all doing? Pleae take actions now for not reporting of the intending share swap. Penalise MAS/Khazanah and Airasia. Tan Sri Azman Mokhtar should be made to pay for the fine and to be reprimanded. KLSE must take strong actions against MAS. SC. Of course too busy with Azizan Bakar’s problems in the E & O deals. So no time. The government should take action on KLSE and SC for being asleep. |
| Posted: 04 Oct 2011 11:35 PM PDT En Acura The fact that 70% was sold to the brother of Badawi speaks for itself. Obvious nepotism. Don’t you think that if MAS really had to sell why can’t it be done by open tender. Please don’t try to defend an indefensible deals. There are more of such deals under Badawi ok. MAS Catering was just one of them. How about the 25 years exclusive contract with MAS? Do you think that this was the bad deal, Lufthansa and Tamadam would waste time to get into it. I know where you are coming from. Just answer these two principle questions then we can go further in our discussion. Do you know that the big chunk of Tamadam’s profits came from LSG Sky Chef Brahims (formerly MAS Catering)? MAS Catering was an in-house catering company. The core business of MAS. You are talking like the two Bina Tak Fikir persons in Khazanah. My friends in Khazanah also knew that the sale of the 70% was done like what it was done in this share swap. |
| Posted: 04 Oct 2011 09:46 PM PDT BURSA KL and SC are all sleeping until now. A clear case for BURSA to take action as no reports were lodged by both AirAsia and MAS regarding the share swap negotiation worth billion of Ringgit. SC needs to only look at the movement of the share prices and volumes from April 2011 especially AirAsia. SC don’t tell us that you need us to tell you what to do. All gaji buta and sitting pretty, YB whack them in Parliament so that they can wake up. |
| Posted: 04 Oct 2011 07:48 PM PDT MAS Boy, from your first paragraph you said Mas Catering charged low prices so that MAS can show a profit and then you ask what are the prices charged to MAS now. Ok, I would guess the prices charged now would be higher as this ex-PM’s brother wants to make a profit. Is that wrong? Or you rather have the catering go back to MAS and as you say, charge low prices and make a loss, so that MAS can show a profit? Also lets put this in perspective, in 2001 before the sale, MAS paid RM135 million for inflight meals and RM2 billion for fuel. In 2010, they paid RM230 million for meals and RM4 billion for fuel. Don’t forget, MAS still owns 30% of catering so net effect is they paid RM160 million? That’s a difference of only RM25 million in 10 years. Source of this info is the annual report, I don’t have any deep throat like RPK. I cannot speak to why LSG agree to buy, but I would assume it’s because they saw an opportunity to leverage on their experience and operational know-how to run the kitchen more efficiently. In the utusan article it said the total price for MAS Catering was RM250 million. How much was paid to MAS? 70% of that? Was that too low? Too high? I don’t know. I’m not an insider but a stakeholder. During uni times I consume a lot of brahims food and if got money to fly back, will take MAS because it felt like you’re almost home the minute you step on the plane. Now I have not flown MAS in long time because its not value for money. No doubt there is something wrong with MAS and I support YB Wee’s efforts to seek the truth. |
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