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Posted: 15 Aug 2013 08:13 AM PDT
Posted: 14 Aug 2013 04:39 AM PDT
I dont know who is the MP at seri kembangan, but the noise pollution is too much at seri kembangan, yes, they have their beliefs, but i hope there is considerations for those who stays there n needs to wake up at 5am in the morning.. their stage performances every night during this ghost festive season r too annoying.. hope u can be considerate
Posted: 14 Aug 2013 12:35 AM PDT
Now here’s Idris Jala opining aloud that MAS should be sold lock, stock and barrel to a private investor and that the government should get out of the airline business.
Interestingly, some analysts support this in principle, but say that the timing isn’t right.
At it’s current share price, MAS is worth around RM5.2 billion. That’s a hefty investment for any party, especially if full management control and an unrestricted right to hire and fire is demanded.
Will the MAS employees union agree to an outright privatisation of the airline, especially if swingeing job cuts are envisaged?
The government is caught between a rock and a hard place. It cannot go on pumping funds into MAS with repeated bailouts and restructurings. It’s finances are constrained as it is, and the ratings agencies are watching the government’s financial numbers closely.
On the other hand, the government has to content with a vociferous nationalist movement who would view any privatisation and sale of MAS as a betrayal of the government’s socio-economic objectives.
This being Malaysia, that could be easily conflated into an issue with racial implications.
Also, Singapore Airlines (SIA) seems to be doing ok, with Temasek Holdings as it’s majority shareholder. But even SIA is facing tough, if not cut throat, competition from low-cost carriers and Middle Eastern airlines.
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