tag:blogger.com,1999:blog-50920875885348998232024-03-18T00:49:44.235-07:00MAS TROUBLESHOOTERSTHE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.comBlogger60125tag:blogger.com,1999:blog-5092087588534899823.post-59123372621504857532016-07-09T17:31:00.003-07:002016-07-09T17:31:21.505-07:00INCOMPETENCE BREEDS INCOMPETENCE<br />
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Source: https://mpmsavemab.wordpress.com/2016/07/09/incompetence-breeds-incompetence/<br />
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<strong style="box-sizing: border-box; margin-bottom: 0px;">MASTROUBLESHOOTERS are very concerned on the latest development in Malaysia Airlines Berhad (MAB) especially when MAS former Managing Director, Tan Sri Sri Abdul Aziz Abdul Rahman said that “The failure by the board members of Malaysia Airlines Bhd to steer the national carrier in the right direction should ultimately be blamed for the shoddy performance of its staff” (<a href="http://www.themalaymailonline.com/malaysia/article/malay-business-group-blames-mas-board-for-workers-poor-performance" rel="nofollow" style="box-sizing: border-box; color: #ba2f1d; margin-bottom: 0px; text-decoration: none; transition: color 0.1s ease-in-out, background-color 0.1s ease-in-out;">http://www.themalaymailonline.com/malaysia/article/malay-business-group-blames-mas-board-for-workers-poor-performance</a>)</strong></div>
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<strong style="box-sizing: border-box; margin-bottom: 0px;">MASTROUBLESHOOTERS have also triggered many alarms as early as 2003 but were not taken seriously or perhaps they do not seem to be doing the right things and quite evidently they do not know the right things to do a.k.a INCOMPETENCE.</strong></div>
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<strong style="box-sizing: border-box;">Sad things </strong><strong style="box-sizing: border-box; margin-bottom: 0px;">will happen when the responsible and accountable parties are weak and incompetents. (<a href="http://www.jaluch.co.uk/incompetence-breeds-incompetence/" rel="nofollow" style="box-sizing: border-box; color: #ba2f1d; margin-bottom: 0px; text-decoration: none; transition: color 0.1s ease-in-out, background-color 0.1s ease-in-out;">http://www.jaluch.co.uk/incompetence-breeds-incompetence/</a>)</strong></div>
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<strong style="box-sizing: border-box;">Thus, MASTROUBLESHOOTERS are compelled to share our experiences and knowledge </strong><strong style="box-sizing: border-box;">below </strong><strong style="box-sizing: border-box; margin-bottom: 0px;">with MPM to “save MAB” and prevent another cycle of self destruction. As an introduction, allow us to reproduce our previous report dated 5 June 2009 below which again has been ignored or perhaps as quoted many times by Tan Sri Abdul Aziz “There are many very smart people who could not understand simple arithmetics”.</strong></div>
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<strong style="box-sizing: border-box; margin-bottom: 0px;"><a href="http://mastroubleshooters.blogspot.my/2011/11/6-major-things-that-mas-should-have.html" style="box-sizing: border-box; color: #ba2f1d; margin-bottom: 0px; text-decoration: none; transition: color 0.1s ease-in-out, background-color 0.1s ease-in-out;">6 MAJOR THINGS THAT MAS SHOULD HAVE HEDGED INSTEAD</a></strong></div>
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On Friday, June 5, 2009, we wrote an article as summarized below:</div>
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<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;"><strong style="box-sizing: border-box; margin-bottom: 0px;">MSS – MAS Mutual Separation Scheme</strong></li>
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Rather than retrenching the staff that cost the PUBLIC a cool RM 500 million in 2006, MAS could have adopted the following strategy (still relevant now) to resolve MAS problems faced then by:</div>
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<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;">Spinning off Engineering and Cargo Division (thus reducing the staff numbers by nearly 6000 but with ZERO cost)</li>
<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;">LIFO: Last in, First Out (NOT FIFO. First in, first out whereby many employees who were near retirement age were retrenched according to one standard formula instead of another alternative option)</li>
<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;">Engaging the much proven local expert to carry out third party audit / surveillance and propose recommendations (NOT the expensive and yet unproven Foreign Consultant)</li>
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Based on the FY2007 Financial report, MAS employees strength were reduced from 18,641 (2006) to 17,991 (2007) but staff costs escalated from RM 1.872 billions (2006) to RM 2.001 billions (2007). So where are the cost cutting measures?</div>
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After all the over hype BTP (Business Transformation Plan), sure enough they are now facing bigger problems because instead of looking on intrinsic quality and efficiency, they brought it more new personnel (again with zero aviation knowledge), so much so that MAS is now top heavy, sluggish and rather than being the leader, they tend to trail Air Asia business strategies (remember the advertisement colour scheme, ELF (Everyday Low Fares) etc, etc.</div>
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<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;"><strong style="box-sizing: border-box; margin-bottom: 0px;">Capital injection of RM 3.67 billions in 2007.</strong></li>
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With reference to MAS 5 year financial performance ended 2007, there was a huge increase in Cash & Bank balances in 2007 in excess of 3.67 billion as compared to 2006.</div>
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Questions:</div>
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♦ Where does the huge capital injection of RM 3.67 billion comes from?</div>
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♦ Why MAS need to borrow 859 millions when they have sold fixed assets for 594 million and increase the shareholders equity to 3.9 billions in 2007 from 1.8 billion in 2006?</div>
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♦ Why do MAS need to hold 5.25 billion in Cash & Bank balances whereas in the past 5 years, their average balances were only around 2 billions?</div>
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From the above performance, it clearly illustrated that in FY 2007, profit of RM 852 million was not gained from operations but ‘creatively’ generated by selling her fixed assets and borrowings of RM 859 millions.</div>
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<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;"><strong style="box-sizing: border-box; margin-bottom: 0px;">Continued purchase of A380 and late decision on B737-800 orders in 2008.</strong></li>
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Eventhough A380s were ordered circa 2005, MAS missed a golden opportunity to cancel the order in 2007 because of manufacturing defects faced by Airbus. MAS has been extremely lucky that the A380 were further delayed to 2012. Imagine what would happen if MAS had the aircrafts now especially with the severe global economic downturn, we could have been worst off compared to SIA, Qantas and Emirates.</div>
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A former MAS MD who has been keeping a very close eye on MAS had said in June 2006 that “their argument is that SIA, Emirates and Qantas have it, so we too must have it to be (in sync) with the market” demonstrates poor business sense and justification.</div>
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<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;"><strong style="box-sizing: border-box; margin-bottom: 0px;">Safety Issues</strong></li>
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Two very serious incidents caused by MAS in 2008 which involved Saudi Arabia’s B747-300 (wet leased from Air Atlanta) that caught fire in Bangladesh (subsequently written off due damaged beyond repair) and another Saudi Arabia B777’s extremely expensive damages on both engines.</div>
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Yet, not many personnel have been informed about the real cause of these expensive and potentially fatal incidents and the preventive measures to be taken to avoid similar incidence.</div>
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<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;"><strong style="box-sizing: border-box; margin-bottom: 0px;">Fuel Hedging</strong></li>
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As at 19 February 2009, the Group has entered into various fuel hedging transactions for periods up to 31 December 2011 in lots totaling 17,350,000 barrels.</div>
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<em style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 1; margin: 0px; padding: 0px;">Source:</em><a href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/5/business/3405345&sec=business" style="box-sizing: border-box; color: #ba2f1d; margin-bottom: 0px; text-decoration: none; transition: color 0.1s ease-in-out, background-color 0.1s ease-in-out;"><em style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 1; margin: 0px; padding: 0px;">http://biz.thestar.com.my/news/story.aspfile=/2009/3/5/business/3405345&sec=business</em></a></div>
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<em style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 1; margin: 0px; padding: 0px;">Thursday March 5, 2009</em></div>
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PETALING JAYA: Malaysia Airlines (MAS) stands to chalk up close to RM3bil in hedging costs over the next two years while its competitor AirAsia Bhd enjoys the benefits of lower crude oil prices, analysts say.</div>
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An analyst estimated that MAS was currently sitting on a collective paper loss of around RM2.8bil for financial year 2009 and 2010 as a result of its hedging activities.</div>
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<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;"><strong style="box-sizing: border-box; margin-bottom: 0px;">I rest my case!</strong></li>
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As at Dec 31, 2007, MAS had RM 5.25 billion in cash and bank balance and as at Dec 31, 2008, MAS had a cashpile of RM3.57bil. Where has the RM 1.68 billion gone to????</div>
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Why buy an airline that normally gives a return of 2 – 5% p.a.? The cash will be better spent if MAS buys back GE Engine Services which can easily give a return of 20 – 30 % p.a.?</div>
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<span style="line-height: 32.4px;">The challenges and recommendations.</span></div>
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<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;">This incomprehension has to be contained, if not eradicated at all costs or it will lead to a vicious cycle of self-destruction.</li>
<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;">We must welcome challenge and conflict as a source of creativity and learning opportunities.</li>
<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;">We need above all else, world-class management and work practices. We need to routinely consider the unthinkable and the business we are in, even when things appear to be going well.</li>
<li style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 30.6px; margin: 0.5em 0px 0px; padding: 0px; text-align: left;">Ultimately, we are responsible for what we do and for what we don’t do.</li>
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<em style="border: 0px; box-sizing: border-box; font-family: inherit; line-height: 1; margin: 0px; padding: 0px;">Full details below:</em></div>
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<a href="http://rockybru2.blogspot.com/2009/06/six-things-mas-must-do.html" style="box-sizing: border-box; color: #ba2f1d; margin-bottom: 0px; text-decoration: none; transition: color 0.1s ease-in-out, background-color 0.1s ease-in-out;">http://rockybru2.blogspot.com/2009/06/six-things-mas-must-do.html</a></div>
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<a href="http://rockybru2.blogspot.com/2009/06/mas-responds-to-hbloggers-posting.html" style="box-sizing: border-box; color: #ba2f1d; margin-bottom: 0px; text-decoration: none; transition: color 0.1s ease-in-out, background-color 0.1s ease-in-out;">http://rockybru2.blogspot.com/2009/06/mas-responds-to-hbloggers-posting.html</a></div>
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<a href="http://www.rockybru.com.my/2010/08/why-sia-is-worth-s187-b-and-mas-is.html" style="box-sizing: border-box; color: #ba2f1d; margin-bottom: 0px; text-decoration: none; transition: color 0.1s ease-in-out, background-color 0.1s ease-in-out;">http://www.rockybru.com.my/2010/08/why-sia-is-worth-s187-b-and-mas-is.html</a></div>
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THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com0tag:blogger.com,1999:blog-5092087588534899823.post-68804063873694339062014-12-19T06:44:00.000-08:002014-12-19T06:44:53.307-08:00Evil flourishes when good men do nothing!<span style="line-height: normal;">FORMER MAS STAFF SPEAKS: There's much fuss about Jentayu going public with their offer to Khazanah. It deem as unprofessional. Not going to argue with that. There may be truth in it at Corporate level. There's also some good in it as a layman tax payer like me, least I know there's an option available on the table and when if Khazanah fail, we know wrong decision made.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Am not hoping that Khazanah fail, in fact I really hope they could revive the National icon, but looking at things, it is pointing to that. This is because of the steps taken ever since the 12 point plan announced in August, after 4 months, no progress seems to be made. In August the announcement made that the current CEO contract is renewed till July 2015 where the New Co takes over, recently announced of Mr Muller will take helm on January and hoping that he could be released from his contract that ends May as early as March 2015. Now, for a stupid man like me, I am thinking like are we going to operate with 2 CEO between March-July or May to July? Even if it is a handing over kind of thing, do the Company need to pay 2 highly paid personnel in a CEO for 2-6 months? As said earlier, a stupid man like me won't be able to understand. </span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Another point is, while waiting for the New Co to take off, what are the things that are currently be done to stop the rot? 3rd quarter financial result is not encouraging at all and we are in the last quarter, are we saying that while waiting for the New Co and the new CEO, all remains status quo? Means let it ail at the moment till the MAS Act in place & New Co set up? At last while acknowledging that the Industrial Relation needs to improve by the point 9 in the 'Rebuilding the National Icon" paper, i.e.. Strengthen industrial relations and internal alignment a. A critical component of the Recovery Plan involves significantly improved industrial relations. b. New measures and practices, including an enhanced Employee Consultative Panel (“ECP”) to better align staff, unions, and management, are critical conditions of the Recovery Plan. will only take place after the other 8 points settled? If a Head of Division or Management that will not be absorbed into the New Co identified, can't they be removed now? Maybe to save face, I agree, but they should be moved to another area where less critical so that less damage can be inflicted. I am quite sure some of them already have some indicator that they will not be offered, what do you think the effort they will put into the airline? Most definitely not 100%. They may be seen as 100%, but in their heart they have stated to look for other opportunities outside. Is this good for the recovery plan?</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">In June 2013, I was involved in a revamp of a Chinese owned Company where they have removed 70% of their top Management via VSS. The manner they are doing it, from a Corporate background person like me, I will say it is ruthless. But they are not bothered because they say the longer the delay, not good for the Company. It was top secrecy, they only know of it in the morning of the meeting, meaning yesterday work was a 100% effort. They were paid handsomely that will keep them survive at least 3 months after the VSS, so they can look for job within the 3 months and not during Company's time. Heard of a proverb, "Sometimes we need to be cruel to be kind"?</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">As mention time and again, I am involved in the current Company's operation though I am no longer in service. I do it as a favour to friends close to me. The friends I am referring to sometimes comes from the management side, some from union side, Small favours like assisting in investigation of cases, drafting letters, etc. Something need to be done immediately and not wait for July 2015. Simple things sometime made difficult because lack of knowledge and me being the subject matter expert then, gain the knowledge the hard way....by making mistakes along the way when was in service with the Company, helping out is a gesture of appreciation for who I am now. I owe much to the Company. If there's a Khaznah people reading, please act immediately to put the house in order and not wait till July.</span>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com1tag:blogger.com,1999:blog-5092087588534899823.post-19437387683593596682014-10-04T18:45:00.001-07:002014-10-04T18:48:48.101-07:00DENIAL SYNDROMEDAULAT TUANKU! <br />
<br />
<span style="line-height: normal;">Stop being in denial, pay gap causes graft, Perak Sultan tells Putrajaya </span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Putrajaya must stop being in denial about wealth inequality realise that hardship and poverty are fuelling corruption, Sultan Nazrin Shah, said today. he cited figures that showed low earnings of a vast majority of households noted that those struggling to make ends meet were exposed to petty corruption.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">The sultan's speech at the Malaysian Anti-Corruption Commission's (MACC) 47th Anniversary event at the Kuala Lumpur Convention Centre today follows debate over Putrajaya's recent announcement that average household incomes have surpassed RM5,900.</span><br />
<span style="line-height: normal;">corruption among high-ranking officials due to greed</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">lower-income groups want to avoid corruption by taking second jobs to sustain families.</span><br />
<span style="line-height: normal;">This will eventually affect their productivity at their workplace, he added.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">This is the reality. The number of them will increase if the effective formulas to address housing, transportation and medical assistance are not introduced. The country has to wake up and realise what is happening.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">He cited New Economic Model report 80% households earned RM5,000 a month</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">and of this, 40% were earning less than RM2,000 a month.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">78.6% of EPF account holders earning less than RM3,000 a month.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">ASB - 75% of account holders only had an average of RM611 in savings.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Sultan Nazrin said data was worrying </span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Source: </span>http://syedsoutsidethebox.blogspot.com/2014/10/daulat-tuanku-hrh-sultan-nazrin-shah.html?m=1<br />
<br />THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com0tag:blogger.com,1999:blog-5092087588534899823.post-49558219457109277582014-09-12T16:12:00.000-07:002014-09-12T16:14:32.694-07:00More tips for Khazanah<span style="line-height: normal;">There is some additional comment regarding the benchmarking of SIA and MAS. Whenever people make comparison of staff productivity of SIA vs. MAS, they use the figure of 14,000 plus staff for SIA and 19,000 plus staff for MAS. </span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">This is completely wrong! The 14000 plus staff of SIA is at COMPANY level, while the 19,000 plus staff of MAS is at GROUP level. According to the SIA 2013/2014 Annual Report the SIA GROUP workforce is 23,716 people. Those people should use this number instead of the 14000 plus number. </span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">According to page 6 of the MAS 2013 Annual Report, the workforce at COMPANY level is 16,246 people. This is the number that Khazanah should use to benchmark MAS against SIA, although it still not like for like because of the presence of Engineering an Airport Ops Staff in the MAS number. </span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Using the MAS Company level workforce to benchmark, would show that MAS staff productivity in terms of Employee per aircraft is worse off by 8% rather than 25% as stated in the Khazanah report. If there are staff to be retrenched, it would involve around 2,000 people not 6000 as claimed by Khazanah.</span>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com5tag:blogger.com,1999:blog-5092087588534899823.post-38532800658377071332014-09-06T16:22:00.002-07:002014-09-06T16:30:15.477-07:00Dearest KhazanahDear Khazanah, <br />
Please consider our appeal below, we cannot stay silent any longer.<br />
<br />
<span style="line-height: normal;">"The Khazanah Document on Saving The National Icon has a flaw which will have serious consequences to 6000 MAS staff. The authors of the document carried out a benchmark exercise to compare, among other things, the productivity of MAS staff compared with the industry average and selected airlines namely SIA and Cathay, The benchmark indices are Revenue per Staff (Exhibit 7) and Employee per Aircraft (Exhibit 8). For the purpose of this discussion we will examine the prodctivity of MAS staff against that of SIA simply because the SIA annual report contains a lot of useful data.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Referring to Exhibit 7 of the report the Revenue per Staff is RM850,000 compared to SIA's RM2,250,000 (after conversion).</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">In Exhibit 8, the Employee per Aircraft for MAS is 183 compared to SIA's 138 per aircraft. The industry average is 123 staff per aircraft.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">The question is how were these figures arrived at? There is a feeling that the comparisons were not apple to apple. A test was made using data from the MAS 2013 Annual Report and the SIA 2013/2014 Annual report. This is not to challenge the Khazanah's figures but determine the veracity of the computation method.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">The data required for the computation are as follows:</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">MAS ( Annual Report 2013)</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Revenue RM15,121,204,000</span><br />
<span style="line-height: normal;">Staff strength 19577</span><br />
<span style="line-height: normal;">Fleet Size (excluding FireFly & MASWings) 108</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">SIA (2013/2014 Annual Report</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Revenue $12479.7 million </span><br />
<span style="line-height: normal;">Staff strength 14,240</span><br />
<span style="line-height: normal;">Number of Aircraft 104</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Computation</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">1, MAS - Revenue per Staff = RM772396</span><br />
<span style="line-height: normal;">Reported in Annual Report - RM772000</span><br />
<span style="line-height: normal;">Employee per Aircraft = 181 employee per aircraft</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">2. SIA Revenue per Staff = $876383</span><br />
<span style="line-height: normal;">Reported in Annual Report - $876383</span><br />
<span style="line-height: normal;">Employee per Aircraft = 137 employees per aircraft</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">It is to be noted that the SIA staff number of 14, 240 does not include the Engineering and Ground Handling staff which are parked under the subsidiary/sister companies thereby giving a favourable outcome to the Employee per Aircraft Index.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">The MAS staff number includes personnel in Engineering and Airport Operations resulting in a poor (25% worse) Employee per Aircraft Index compared to SIA.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">This confirm the suspicion that the comparisons were not apple to apple.</span><br />
<span style="line-height: normal;">It is regretable that based on this flawed assumption the authors of the Khazanah report recommended tha 6000 MAS staff be axed. See Exhibit 8 of the report.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">What would the MAS figures be if the staff from Engineering and Airport Operations numbering, say, 5000 is not included in the computation?</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">No of staff involved = 14577</span><br />
<span style="line-height: normal;">Revenue per Employee = RM1,037,333</span><br />
<span style="line-height: normal;">Employee per Aircraft = 135 employee per aircraft.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Based on these new figures would the recommendation to axe 6000 still hold?</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">It would be highly regretable if 6000 staff have to be axed because of a flawed assumption. </span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">I am appealing to Dr. Don to bring this to the attention of the powers that be to correct the mistake which will cost 6000 people their jobs." </span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Former Head of MAS Engineering.</span>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com6tag:blogger.com,1999:blog-5092087588534899823.post-75556848082189648832014-09-03T07:52:00.001-07:002014-09-12T02:34:12.975-07:00Former Head of MAS Engineering speaks.<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">RETRENCHMENT OF 6000 MAS STAFF</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">It is really heart-breaking that 6000 staff member will have to go under the Khazanah restructuring plan. All in all, about 20,000 or more people, including family members and dependents, will be affected by this move.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">The Khazanah announcement with regard to the downsizing of the new MAS workforce to 14,000 lacks substance to enable meaningful comments to be made. In my view if the workforce is reduced to such numbers with the current company structure intact, then new MAS, scope of business will have to be shrunk to what it was in the 1980s. It appears that Khazanah is going for a quick fix. According to some analysts new MAS will save RM715 million by axing 6000 people for the work force.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">However, MAS will have to cancel/defer deliveries of new aircraft thereby incurring additional cost in terms of penalty payments to the aircraft manufacturers.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">The suggestion to restructure the current MAS by spinning-off Engineering, Airport Operations and MasKargo into 100% subsidiaries will achieve the objective of reducing the workforce of new MAS to 14,000 people or less, at the same time will avoid retrenching 6000 people and creating new businesses which could contribute to new MAS' income.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">The transfer of the domestic operations and secondary regional points to FireFly will further reduce new MAS' cost. In addition to the reduction in technical and cabin crew which will be transferred to FireFly, substantial saving would be in the reduction of lease rental for the B737-800 and the maintenance cost of those aircraft that are transferred to Firefly.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Assume the following:</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">- 25 B737- 800 aircraft has to be transferred to FireFly</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">- Monthly utilization of 300 Flight hours.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">- Lease rental of USD300, 000 per month</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">- Direct maintenance cost of USD700 per flight hours</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Lease Rental for 25 aircraft = USD(300,000 x 12 x 25) = USD90,000,000</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Maintenance cost = USD(700 x 300 x 12 x 25) = USD63,000,000</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">Total savings to new MAS USD153 million or about RM459 million per year.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">If we add the cost of the 6000 people, the cost reduction to new MAS is more than RM1billion per year.</span><br />
<span style="line-height: normal;"><br /></span>
<span style="line-height: normal;">The money that Khazanah proposed to compensate the retrenched staff could be gainfully used to set up the new subsidiaries.</span><br />
<span style="line-height: normal;"><br /></span>
Any rebuttals are most welcome. Silence is no longer an option.<br />
<br />
THANK YOU<br />
<br />THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com7tag:blogger.com,1999:blog-5092087588534899823.post-68570460181180105242014-06-20T15:25:00.000-07:002014-06-20T15:25:13.782-07:00MAS MESA FORMER SECRETARY SPEAKS<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">
</span></div>
<div style="border-bottom: double #622423 4.5pt; border: none; mso-border-bottom-alt: thick-thin-small-gap #622423 4.5pt; mso-border-bottom-themecolor: accent2; mso-border-bottom-themecolor: accent2; mso-border-bottom-themeshade: 127; mso-border-bottom-themeshade: 127; mso-element: para-border-div; padding: 0in 0in 1.0pt 0in;">
<div align="center" class="MsoHeader" style="border: none; mso-border-bottom-alt: thick-thin-small-gap #622423 4.5pt; mso-border-bottom-themecolor: accent2; mso-border-bottom-themeshade: 127; mso-padding-alt: 0in 0in 1.0pt 0in; padding: 0in; text-align: center;">
<span lang="EN-GB" style="font-family: "Cambria","serif"; font-size: 16.0pt; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-fareast-theme-font: major-fareast; mso-hansi-theme-font: major-latin;">An Open Letter to the Public<o:p></o:p><w:sdtpr></w:sdtpr></span></div>
</div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">I note with grave concern the various comments attributed to
politicians from both sides of the divide as they opined that Unions of the national
airline were unreasonable in their demands, imputing that the employees were
asking for the “moon” in terms & conditions of service, including perks &
emoluments.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">I would normally allow the current Union(s) leadership themselves to
respond to the adverse inferences but I know that most Union Officials love the
airline and are professionals who would not jeopardize its image or status
publicly unless provoked or hard-pressed by excruciating circumstances that if
not mitigated would prove detrimental to the very existence of the airline. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Two nights ago, frank and candid views were aired on TV3 by Tan Sri
Abdul Aziz Abdul Rahman, a respectable gentleman who had once served with
colours as MD of the airline. I was most fortunate to have been acquainted with
him when representing AMALAE, the airline’s engineer fraternity. Also aired
were the views of Datuk Nur Jazlan, the Chairman of the Public Account Committee.
<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">As a responsible citizen and active unionist, though retired from
the airline in end-2012, my conscience compels me to reveal the following about
Unions in the national airline and that would be the truth.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Contrary to general perception, a Union is just an organized group
of employees that represents and collectively highlights the plights of the
employees to Management and also negotiate for a Collective Agreement with fair
terms & conditions of service of employment concurrent with prevalent
working scenario. I do not deny that the Unions would strive to obtain the best
if not fairest terms & condition of service and this, simply put, translate
to Ringgit & Sen. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">But what most fail to understand is that the function of a trade union
goes beyond that, extending well into the purview of employees’ safety, safety
of his employer (and for airlines + aircraft) and the general public. You would
notice that I had used the word “public” instead of “paying passengers” who are
core business partners of the airline. This is no rocket science except to emphasize
in air transport industry, casualties and collaterals for lapse in safety does
not confine to crew and passengers only, but extend beyond into the realm of innocent
public and properties in the vicinity of a crash.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">To explain the above contention, investigations and findings following
2 catastrophic international air accidents involving airlines are illustrated
below, albeit the identity of the airlines involved.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in; text-justify: inter-ideograph;">
<!--[if !supportLists]--><span lang="EN-GB">a)<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-GB">In May 2010, a 2 year old Boeing
B737-800 Next Generation aircraft flew from a Middle East city to an airport in
the Indian sub-continent with 166 passengers. The Commander of the ill-fated (non-unionised)
Operator’s aircraft feeding the main airline (unionised) was compelled by his
employer to fly several sectors, with insufficient rest in between. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">When close to the destination airport, the
aircraft flew a non-standard, unstabilised approach to the runway situated on a
“table-top” hillside that is designated as a critical airfield that mandate
heightened awareness and a very precise landing approach only Commanders were
allowed to perform. It touchdown about 2000 feet beyond the usual touchdown zone
(TDZ) and with less than half of the runway remaining available, overshot, fell
over a cliff and caught fire. At the bottom of the cliff was a squatter colony.
Altogether, 158 souls on board the aircraft perished and a further undisclosed
number of squatters on the ground were killed or fatally injured. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">The aircraft’s 2 black boxes were recovered
and analysis of their recording revealed a lull of about 110 minutes with some
peculiar noise heard. Further analysis shows the Commander so severely fatigued
that he was captured on the Cockpit Voice Recorder as snoring substantially. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Incidentally, had that service been operated
by the unionised main airline, such onset of crew fatigue would have been
arrested or mitigated as the Collective Agreement with the union has specific provision
for strict adherence to pre-flight rest and allowing, as added measures, a pilot
to refuse flight in fatigued condition for very obvious safety reasons.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in; text-justify: inter-ideograph;">
<!--[if !supportLists]--><span lang="EN-GB">b)<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-GB">In October 2000 a 4 year old Boeing
B747-400 jumbo aircraft with 179 passengers inadvertently strayed onto a
non-active runway in Taipei. The inactive runway was not barricaded and during its
takeoff roll, the aircraft crashed into construction equipments left on the
runway. The error was partly contributed by the inactive runway lights being left
on as it share a common switch with the active parallel runway on which the
flight was cleared to departure on. At that time, the airport was lash by heavy
rain that precedes an oncoming typhoon. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Like most other foreign carrier leaving the
airport, they were in haste to take off and leave prior closure. All three pilots
(highly competent with abundant flight hours) due to the poor visibility, inadvertently
mistook the lighted inactive runway as the one cleared for departure and during
takeoff roll, impacted construction equipments, broke up and burst in flames with
83 fatalities. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Commendably, 96 passengers survived, aided by
impeccable training and high preparedness of the cabin crew who reacted with
professionalism in evacuating passengers from the inferno.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Interestingly, a senior official of the
airline had admitted liability initially but the truth was slowly uncovered
revealing lapses including; inactive runway not barricaded; its runway lights
not switched off and absence of airfield ground movement monitoring radar were contributory.
The airline nevertheless stood fast on their crew’s skills and integrity
throughout the investigation even though their pilots were detained. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpLast" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Only after the local authority insisted on blaming the crew via release
of an air accident report disputed by several parties as controversial, that the
airline reluctantly conceded a degree of blame on pilots’ error. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">There are many more international and even local accident/incident
that could be quoted arising from adverse working conditions and poor management
skill and organization that could fatally endanger the crew, passengers and the
general public, but the 2 cases above would suffice to show that SAFETY of ALL
parties is of PRIME concern and not just a lip service by certain
personalities. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Unfortunately, in our own recent case of misfortune, I am of the
opinion that the same views and spirit were NOT exhibited by our management or leadership.
Moreover, it was further exacerbated by misleading and inaccurate information
from the authorities and politicians who seem too eager to prematurely apportion
culpability via release of ill-informed, inaccurate and misleading information.
<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Inevitably, they only help provided was to cast further aspersions on
the crews (in turn, airline) integrity, irrespective of fact that the aircraft
has yet to be located and the poor crew were in no position to put up any
defence against speculative and irresponsible deductions unsupported by any cogent
evidence.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Personally, I blame the management action/omission for allowing
others to freely assail the integrity of their employees, unions &
associations that worked very hard and diligently to ensure operation safety.
Don’t they notice that these are basically the same group of employees that had
won international awards and accolades for excellence in operation, aircraft
maintenance, safety and professionalism?<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Don’t they realize that their brash and premature jabbering,
disguised as informed findings had only served to cause insurmountable amount
of anguish to family members of the poor souls on board the ill-fated flight, irrespective
of crew or passengers?<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Don’t Management knew that their omission/commission over such
speculations contributes nothing more towards resolving the mystery but only served
to create animosity, unnecessary and prolonged doubt on Safety & Integrity
of the national airlines to the detriment of long serving staff who worked their
level best to produce the much needed recovery of the airline?<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">I abhor the imputation that unions were demanding too much, thus
making the economics of running the airline unsustainable. Ask any mid/lower
level staff how much they are paid then and now and how much pay percentage rise
they had secured in the past ten years and most would be too ashamed to admit they
are nowhere close in comparison to even a civil servant with similar qualifications.
I can safely tell you that mine was almost zero if not just a low number in the
single digit “rise” percentage. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">How about bonuses? I beg your pardon; but that word to the staff is
equitable to a four-letter expletive as it is almost non-existent. Moreover being
non-contractual, the last I could recall that it last paid many, many moons
ago!<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Aha! Never fear Datuk Nur Jazlan, you are not entirely wrong about
staff cost, but just check what upper management and the Board were paid! But
then, maybe they come with absolute accountability, right? But I tell you what,
you tell us; how many have you made to pay for their shenanigans!<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">As for multi-skill tasking and downsizing, I just wish to relate to
you an attempt by some smart Alex who compare our baggage loading workforce and
turn-around time allocation as inefficient as compared to an LCC operation, only
to discover that he fail to register that legacy or full-service airline passengers
only paid premium for seat but get free baggage allowance of 20-30 KG depending
on class of travel, whilst for LCC, the passengers never pack a big bag as their
passage is cheap but they pay premium for anything other than a tote bag! <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">So you see my dear Datuk, it’s not an apple to apple comparison
because we carry more baggage! The same argument applies to Food & Beverages.
<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">How, anyone could conveniently discount the intrinsic of the airline
that abide to every request of its political masters to fly the Nation’s Flag to
even the most uneconomical destination, right from the early days, when
everyone else would refuse to do such national service for losses?<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Of course, how could you remember such sacrifices after the Jolly Reds
were served our most lucrative routes on silver platters, in the guise of route
rationalization by the very masters that conveniently secede our then ailing
but potentially lucrative catering arm of the business, awarding a long-term,
lop-sided contract to a new (politically connected?) entity to the absolute
detriment and huge loss in term of long-term cost to the airline!<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">How, I recall the fanfare when another ex-MD contemplates making huge
savings for the airline through a reduction/modification of meals/menu, but
fail to realise that the catering contract for the seceded function had
incorporated a fixed-cost per meal per passenger irrespective of cost! In the
end, every apparent saving was simply reaped by the new catering provider as it
is they who actually benefit as the unit cost of meal delivered is reduced but
the charges remain the same! No prize for anyone who can guess who that ex-MD
was and whether he put to any form of retribution! <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Anyway, someone did finally managed to partly “exit” or partially
evade the damning catering contract proviso by simply reassigning a substantial
number of flights to be operated under a different Flagship of the Group,
resulting in a true reduction of catering cost as meals served on board were source
elsewhere. A round of applause for that ingenuity!<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">I certainly do not have any wish to embroil further in any form of semantics
by degrading the very airline that I had proudly served for 40 years. I shall
therefore rest my case. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Yes, I do concede that the union were apparently stubborn, but only
for good reasons equitable to the Safety of Flight and Security of Tenure.
Nothing more is taken for what provided and negotiated for in the CA but if those
agreed terms were indiscriminately dishonoured, over our dead body! <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">My thanks and salutation to the esteemed Tan Sri Aziz, you have
always listened to staff concerns and grouses without any bidding. But the same
cannot be said of your successors. I had my share of advising them to listen out
murmur from the grassroots, but have they? <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">To all politicians and the general public who were swayed into thinking
that unions are just radicals and are impediments to progress, I only wish to
state the wisdom enunciated by the current Vice President of Malaysia Airline
Executive Staff Association (MESA), a registered and recognised trade union, i.e.:<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<b><i><span lang="EN-GB">“If the Management is sincere, resolve the employees issues and
concerns amicably in a timely manner without short-changing the employees,
there is no need or basis for the existence of unions”<o:p></o:p></span></i></b></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Matdiah Bin Mohammad<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">Ex-Secretary of MESA<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB">20 June 2014 <o:p></o:p></span></div>
THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com13tag:blogger.com,1999:blog-5092087588534899823.post-69540210929645767462014-05-16T23:45:00.000-07:002014-05-16T23:45:33.403-07:00SWIMMING LESSONS<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheBK4Zg2YJK8qSjpt8qIkSQB2_kz8E55Fr8f98e-pC1TQbjDqYchAYhuy1vaW-6hdiZVI6yinjQaB7-qK3RsxgJAEH9PNOq1stBjt2IX6nhTzvhjugjXQzb4Ah5gXnt2GLK-N7M5bN9jc/s1600/swimming+lesson.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><br /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheBK4Zg2YJK8qSjpt8qIkSQB2_kz8E55Fr8f98e-pC1TQbjDqYchAYhuy1vaW-6hdiZVI6yinjQaB7-qK3RsxgJAEH9PNOq1stBjt2IX6nhTzvhjugjXQzb4Ah5gXnt2GLK-N7M5bN9jc/s1600/swimming+lesson.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheBK4Zg2YJK8qSjpt8qIkSQB2_kz8E55Fr8f98e-pC1TQbjDqYchAYhuy1vaW-6hdiZVI6yinjQaB7-qK3RsxgJAEH9PNOq1stBjt2IX6nhTzvhjugjXQzb4Ah5gXnt2GLK-N7M5bN9jc/s1600/swimming+lesson.jpg" height="208" width="320" /></a></div>
<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">THE HISTORY OF MAS</span></b><br />
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="background: #F6F7F8; color: #141823; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br />
MAS started like a small restaurant.. all DIY and the manager cum owner
works like mad and the salary was small. Aziz doesn't mind.</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="background: #F6F7F8; color: #141823; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br />
When the restaurant gets bigger, reaching the economies of scale, the manager
think tank. Grows vege himself, chicken farm, rempah ratus diy, beverages
process improved, having their own busses to send their staff home.<br />
<br /><br />
Aziz was seen as old fashioned gentleman blind of the potentials by the $eing
eye$. "Let us run the show!" They came in many, rushing for the top
posts with fat salary. Then... they split amongst themselves. We sign up
agreements, you take the chicken farm, you take vege farm, F&B and so on.<br />
<br />
The restaurant became a self made franchise. Only to serve customers.<br />
We supply vege, chicken, beef and all (we signed contract remember?)<br />
The busses, you rent, drivers you hire, old drivers.. let them wash the dishes.<br />
<br />
The restaurant finally could not make the ends meet due to 'profit sharing'.
The uplines and downlines are smiling all the way to the bank. So when the
restaurant close shop.. who would cry hardest?</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">THE SOLUTIONS:<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">In
the third and final part of the interview with Tan Sri Abdul Aziz Abdul Rahman,
the former Malaysia Airlines managing director says for MAS to fly high again
it must be serious about <b>plugging mismanagement, leakages and
corruption.</b><o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">This,
Abdul Aziz says starts by appointing the right people. <b>"If they
have proper leadership then the rest will work out by itself. If they have the
wrong leadership at all levels then everything will go haywire</b>," he
said, adding that it was time someone be held accountable - not the least over
the disappearance of Flight MH370 two months ago, but for the current financial
situation that MAS finds itself in. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">He
also acknowledged that having too many CEOs in the last 10 years (five) does
not augur well for an airline or any company that wants to turn around.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">One
must, Abdul Aziz advised, be consistent and have a long term plan. And this
consistency can only be achieved if the man at teh top is allowed a
reasonable amount of time to implement his plans. In last week's segment, Abdul
Aziz called for a review of lopsided and iffy deals which has continued to put
the ailing national carrier in the red.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Saying
he would accept if called upon to do national service once more, Abdul Aziz
also posed these questions: why is MAS using the same business plan of 40 years
ago? And why is it operating low fare at full service?</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
<br /></div>
<br />
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 12pt; padding: 0in;">Read more: <a href="http://www.fz.com/video/time-mas-be-piloted-right-people#ixzz31x73FtAt"><span style="color: #003399; text-decoration: none; text-underline: none;">http://www.fz.com/video/time-mas-be-piloted-right-people#ixzz31x73FtAt</span></a></span><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
<br />
<br />THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com2tag:blogger.com,1999:blog-5092087588534899823.post-4253098155639033062014-03-21T18:22:00.000-07:002014-03-21T18:22:17.557-07:00MANIFEST AND LATENT CONFLICT<div class="MsoNormal" style="background-color: white; line-height: 15pt;">
<br /></div>
<div class="MsoNormal" style="background-color: white; line-height: 15pt;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiA-kyGiKPlwR0B7F85VABXsKrrrGc-29i0xGB2Qp4vqThrpmSx4Vg2M_9Pa1HTBkg-PFDf4JxR2diYLW51lwS7kyL8_A0igcBJqy9XkoY4FFYbE420Nj1asoOuVv_ztm1vsAX3slByIKs/s1600/MH370+PWTC.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="color: black;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiA-kyGiKPlwR0B7F85VABXsKrrrGc-29i0xGB2Qp4vqThrpmSx4Vg2M_9Pa1HTBkg-PFDf4JxR2diYLW51lwS7kyL8_A0igcBJqy9XkoY4FFYbE420Nj1asoOuVv_ztm1vsAX3slByIKs/s1600/MH370+PWTC.jpg" height="237" width="320" /></span></a></div>
<span style="font-family: Arial, sans-serif;"><b></b></span><br />
<span style="font-family: Arial, sans-serif;"><b><b style="line-height: 15pt;">Bubur sudah jadi nasi.</b></b></span><br />
<span style="font-family: Arial, sans-serif;"><o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif;"><br /></span></div>
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<span style="color: #444444;"><span style="font-family: Arial, sans-serif;">Our </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 15pt;">fundamental</span></span><span style="font-family: Arial, sans-serif; line-height: 15pt;"><span style="color: #444444;"> </span>weakness is our analytical and problem solving skills which can manifest to conflicts and eventually to a serious crisis such as this. There were many tell-tale signs that we chose to ignore and now suffer the consequence due to our ‘tidak apa’ and ‘not our problem” attitude. </span><br />
<span style="font-family: Arial, sans-serif; line-height: 15pt;"><br /></span>
<div class="MsoNormal" style="background-position: initial initial; background-repeat: initial initial; line-height: 15pt;">
<o:p></o:p></div>
<span style="font-family: Arial, sans-serif; line-height: 15pt;">Allow me to share the article below that we may take for granted.</span></div>
<br />
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<br /></div>
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<b><span style="color: #48709a; font-family: "Arial","sans-serif"; font-size: 8.0pt; text-transform: uppercase;"><a href="http://www.kinibiz.com/category/tigertalk">TIGERTALK</a></span></b><b><span style="color: #888888; font-family: "Arial","sans-serif"; font-size: 8.0pt; text-transform: uppercase;">
</span></b><span style="color: #888888; font-family: "Arial","sans-serif"; font-size: 8.0pt;"> | </span><span style="color: #8e8984; font-family: "Arial","sans-serif"; font-size: 8.0pt;">MARCH 18, 2014 3:44 PM</span><span style="color: #888888; font-family: "Arial","sans-serif"; font-size: 8.0pt;"><o:p></o:p></span></div>
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<a href="http://www.kinibiz.com/story/tigertalk/76937/mh370-our-lesson-in-crisis-management.html"><span style="color: #006c97; font-family: "Georgia","serif"; font-size: 24.0pt; mso-font-kerning: 18.0pt;">MH370: Our lesson in crisis management</span></a><span style="font-family: Georgia, serif; font-size: 24pt;"><o:p></o:p></span></div>
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<span style="color: #666666; font-family: "Helvetica","sans-serif"; font-size: 9.0pt; text-transform: uppercase;">STORY
BY<o:p></o:p></span></div>
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<a href="http://www.kinibiz.com/author/khairie"><b><span style="color: #333333; font-family: "Georgia","serif"; font-size: 11.5pt; mso-bidi-font-family: Helvetica; text-transform: uppercase;">KHAIRIE HISYAM</span></b></a><b><span style="color: #333333; font-family: "Georgia","serif"; font-size: 11.5pt; mso-bidi-font-family: Helvetica; text-transform: uppercase;"><o:p></o:p></span></b></div>
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<span style="color: #666666; font-family: "Helvetica","sans-serif"; font-size: 9.0pt; text-transform: uppercase;">khairie@kinibiz.com<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">In
all honesty, we have not handled the disappearance of Malaysia Airlines flight
MH370 perfectly. But really can anyone? Regardless, Tiger thinks the incident
offers invaluable lessons that Malaysians must not miss.</span><span style="font-family: Georgia, serif;"><o:p></o:p></span></div>
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<b><span style="font-family: Georgia, serif;">The national tragedy that is MH370’s disappearance has turned into
a crisis management test for Putrajaya and Malaysia Airlines (MAS). But it has
not been an encouraging showing.<o:p></o:p></span></b></div>
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<span style="font-family: Georgia, serif;">In the jungle the apex
predator (namely Tiger, thank you very much) has certain expectations to meet
when it comes to handling major issues affecting its kingdom like dried-up
watering holes, filthy air choking Tiger’s food sources to death and
brushfires. These expectations include giving clear directions and providing
consistent, accurate information.<o:p></o:p></span></div>
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<b><span style="font-family: Georgia, serif;">Most of all, there must be strong leadership that translates into
swift action. That has not been evident for the past 11 days since the plane
went missing.<o:p></o:p></span></b></div>
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<span style="font-family: Georgia, serif;">There were contradictory
statements from the start which caused confusion. Agencies which should be
scrambling to share information with each other with all haste appeared to be
doing so lethargically. The military’s apparent lack of alarm over unidentified
aircraft passing through national airspace is alarming.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">And as the pilots face trial
by media in absentia this week, MAS had not leaped to their defence with
vigour. At the very least MAS should have attempted to protect the pilots’ good
reputation until such a time that they were found guilty of anything.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">Tiger does not intend to
dwell overly long on the things we did wrong — there are plenty other reports
outlining those amid the endless speculation. But Tiger cannot help but be
particularly disappointed with how we have managed information as far as the
MH370 incident goes.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">After MH370 went dark and was
announced missing, there should have been an official compilation of confirmed
facts that the media can work from and which the public can refer to for
factual information, constantly updated as new information materialises or is
verified. All speculation must be acknowledged and followed-up on as either
true or false, perhaps tagged as unverified in the interim.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">There should also have been a
single spokesperson to provide updates and take questions. But there was no
such factsheet as far as Tiger is aware and no single spokesperson emerged. The
result was myriad figures commenting and providing information in different
capacities, sometimes contradicting each other.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">This lack of proper
information management added to the apparent slowness on our part in analysing
and cross-checking our own military radar data with secondary radar to affirm
where MH370 headed towards after going dark in the Igari area.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">End result: Speculation
spread like wildfire and confusion ensued as myriad information came out via
press reports much faster than from official sources.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">Not to mention that we had
sent several neighbours’ assets on a wild goose chase in the South China Sea
when it appeared that we could have determined the plane’s last known location
— either one of the two corridors west of the Peninsula —much earlier.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">Little wonder then that a
narrative of lethargic incompetence had emerged about Malaysia’s handling of
the crisis, painted by and propagated by foreign media, especially those from
China. By all accounts along this vein, Putrajaya, unused to heavy scrutiny, is
wilting in the face of international criticism<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">“The Malaysians deserve to be
criticised — their handling of this has been atrocious,” said Ernest Bower, a
Southeast Asia specialist at the Centre for Strategic and International Studies
in Washington to Reuters. “They have no maritime domain awareness and it
doesn’t look like they have a strong command and control structure and they’re
not well coordinated with friends.”<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">To some extent, Tiger concurs
that we have not given our best showing in terms of managing this disaster.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">However Tiger thinks there is
a runaway train heading towards Bash-Malaysia Station and there needs to be
some objectivity in assessing how we performed.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">It bears repeating that
MH370’s disappearance is unprecedented. There had been no directly comparable
incident such as this and we are pretty much in uncharted waters.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">Couple that with the fact
that we have not had much experience with crisis management and there were
always going to be slips, confusion and mistakes, especially in the early hours
of the crisis.<o:p></o:p></span></div>
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<b><span style="font-family: Georgia, serif;">“Most of the local guys are pretty darned good … The problem they
have is, they don’t do it a lot. We do this a lot,” Thomas Haueter, a former
chief of air safety at the National Transportation Safety Board (NTSB), told
New York Times.<o:p></o:p></span></b></div>
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<span style="font-family: Georgia, serif;">So to Tiger we haven’t really
dropped the ball, although admittedly we are fumbling. Our slips are
inexcusable but certainly understandable in the face of an exceptional crisis.
The important thing to pursue now is to push our authorities to do better, not
pin blames and nitpick relentlessly.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">As an aside, it is also
interesting to note that as a narrative took shape saying that Beijing should
and need to take control of the situation — which it cannot, since the
International Civil Aviation Organisation (ICAO) protocols dictate that
Malaysia has jurisdiction and must lead efforts — another narrative has been
noticeable: that the US is quietly in the driving seat.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">The emerging taste in Tiger’s
mouth is of Malaysia being caught in a subtle contest of influence at a time
when all thought should go towards finding the plane.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif;">In any case, above all, this
incident should be our lesson in crisis management. Pray we never need to call
upon what we learned this time around ever again.<o:p></o:p></span></div>
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THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com3tag:blogger.com,1999:blog-5092087588534899823.post-517136135995487612013-09-25T06:55:00.000-07:002013-09-25T06:55:36.376-07:00MASTROUBLESHOOTERS SALUTE DR. PUAD ZARKASHI<div class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">AirAsia, MAS rapped for ‘monopolistic’
deal<o:p></o:p></span></div>
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Source: <a href="file:///D:/AA%20Dzul%20knowledge/AA%20DZUL%20Personal/1%20MAS/%20%20%20http:/www.btimes.com.my/articles/20130914010427/Article/">http://www.btimes.com.my/articles/20130914010427/Article/</a><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">KUALA LUMPUR: AirAsia Bhd should have
been slapped with a higher fine for the “monopolistic” share swap deal with
Malaysia Airlines (MAS), said Umno supreme council member Datuk Dr Mohd Puad
Zarkashi.<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUy8oktj52fG7ZrcCaKnXkxE42IAzOYbn38kD4_T8VdSTfQ_0ZgdnwSgAWZZqf6ZsagUxMGMixIbdNMqlYW4k9eM0i9UjhhwHkI2XXEU8u3wTe5aE4GUH8OxrOLtx8zRLsdHyCtpbD9dc/s1600/scapegoat.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUy8oktj52fG7ZrcCaKnXkxE42IAzOYbn38kD4_T8VdSTfQ_0ZgdnwSgAWZZqf6ZsagUxMGMixIbdNMqlYW4k9eM0i9UjhhwHkI2XXEU8u3wTe5aE4GUH8OxrOLtx8zRLsdHyCtpbD9dc/s320/scapegoat.jpg" width="320" /></a></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><b>Puad also said MAS managing director
and group chief executive officer Ahmad Jauhari Yahya must accept full
responsibility by resigning.</b><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Arial, sans-serif; font-size: 12pt;">He urged Ahmad Jauhari to pay the RM10
million fine imposed on the national carrier by the Malaysia Competition
Commission (MyCC) from his pocket.</span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Puad said AirAsia, which was fined the
same amount, should be made to pay more as it was the bigger beneficiary of the
deal, </span><span style="color: #222222; font-family: Arial, sans-serif; font-size: 12pt;">which was ruled as unlawful by MyCC
for being monopolistic.</span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">“AirAsia, without a doubt, stands to
benefit more from the share swap deal than MAS.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Tony (AirAsia group chief executive
offi cer Tan Sri Tony Fernandes) is a staunch supporter of the deal, which saw
an exodus of MAS workers to AirAsia.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">“I can’t ask Tony to step down but in
my opinion, MyCC should impose a higher fine on AirAsia.” <o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Stating his case for Ahmad Jauhari’s
dismissal, Puad said Ahmad Jauhari had shown that he is incapable of leading.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">“He should step down immediately or
the government should not renew his contract, which is expected to expire this
month.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">“Everybody was taken aback when MAS
was fined. We understand that a consultant was hired for the swap deal and we
know that </span><span style="color: #222222; font-family: Arial, sans-serif; font-size: 12pt;">consultants are there for the sole
purpose of making profits.</span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">“Ahmad Jauhari should have spotted any
weaknesses in the deal and objected to the consultant on the deal’s viability,”
Puad told Business Times yesterday.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Ahmad Jauhari was appointed to
spearhead MAS on September 14 2011 and his contract is believed to expire this
month.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Earlier this month, MyCC - a unit
under the Domestic Trade, Cooperatives and Consumerism Ministry - fined MAS and
AirAsia for violating the Competition Act 2010.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">They were found to have breached
Section 4(2)(b) of the Act by entering into a Comprehensive Collaboration
Framework agreement in August 2011.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">The deal saw Khazanah Nasional Bhd,
which owns 69 per cent of MAS, having a 10 per cent stake in AirAsia. In turn,
Tune Air Sdn Bhd, AirAsia's controlling shareholder, was given a 20 per cent
stake in MAS.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">The deal was called off in May 2012
following heavy political and union pressure.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
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More details here: <a href="http://mastroubleshooters.blogspot.com/2012/05/say-what.html">http://mastroubleshooters.blogspot.com/2012/05/say-what.html</a></div>
THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com0tag:blogger.com,1999:blog-5092087588534899823.post-49572595458644643992013-09-13T09:29:00.001-07:002013-09-13T09:29:21.001-07:00A GENTLE HINT TO G! <div class="clearfix" id="story_head" style="background-color: white; background-repeat: no-repeat no-repeat; border: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 13px; margin: 0px; outline: 0px; padding: 10px 0px; vertical-align: baseline;">
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Malaysian Air Recovery Offers Bet on Government Exit: Real M&A</h1>
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<cite class="byline" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; color: #6f6f6f; display: block; font-size: 11px; font-style: normal; line-height: 1.3em; margin: 0px; outline: 0px; padding: 0px; position: static !important; vertical-align: baseline; width: 640px;">By <span style="background-color: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Angus Whitley</span> & <span class="last" style="background-color: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Chong Pooi Koon</span> - <span bgdatestamp="mmm d, yyyy h:MM TT Z" bglocalize="true" class="datestamp" epoch="1378677600000" style="background-color: transparent; border: 0px; display: inline; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Sep 9, 2013 6:00 AM GMT+0800</span></cite><cite class="byline" style="background-color: transparent; background-position: initial initial; 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display: inline; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.bloomberg.com/news/2013-09-08/malaysian-air-recovery-offers-bet-on-government-exit-real-m-a.html">http://www.bloomberg.com/news/2013-09-08/malaysian-air-recovery-offers-bet-on-government-exit-real-m-a.html</a></span></cite><cite class="byline" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; color: #6f6f6f; display: block; font-size: 11px; font-style: normal; line-height: 1.3em; margin: 0px; outline: 0px; padding: 0px; position: static !important; vertical-align: baseline; width: 640px;"><span bgdatestamp="mmm d, yyyy h:MM TT Z" bglocalize="true" class="datestamp" epoch="1378677600000" style="background-color: transparent; border: 0px; display: inline; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><br /></span></cite><cite class="byline" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; color: #6f6f6f; display: block; font-size: 11px; font-style: normal; line-height: 1.3em; margin: 0px; outline: 0px; padding: 0px; position: static !important; vertical-align: baseline; width: 640px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbJ-9Zgf4b9lMMlBwC0rMkYfN6JioiyNlY-3SOR7mt7ktWuELP8vOPcS1ylQOULbU1BDMChVkxkp9nD2QkC3e5K0aX8nF_UzksyXbGKcTBPRGFsPZ5eHfITrBqJNS2MJxvEWTRaQ3fQWk/s1600/hint.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbJ-9Zgf4b9lMMlBwC0rMkYfN6JioiyNlY-3SOR7mt7ktWuELP8vOPcS1ylQOULbU1BDMChVkxkp9nD2QkC3e5K0aX8nF_UzksyXbGKcTBPRGFsPZ5eHfITrBqJNS2MJxvEWTRaQ3fQWk/s320/hint.jpg" width="320" /></a><span bgdatestamp="mmm d, yyyy h:MM TT Z" bglocalize="true" class="datestamp" epoch="1378677600000" style="background-color: transparent; border: 0px; display: inline; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><b style="color: black; font-family: Arial; font-size: 15px; line-height: 24px;"><span style="color: red;"><cite class="byline" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; color: #6f6f6f; display: block; font-size: 11px; font-style: normal; line-height: 1.3em; margin: 0px; outline: 0px; padding: 0px; position: static !important; vertical-align: baseline; width: 640px;"><br /></cite>“Can MAS be revamped and made more competitive, even profitable?” said Shukor Yusof, a Singapore-based aviation analyst at <a density="full" href="http://topics.bloomberg.com/standard-%26-poor%27s/" style="border: 0px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Standard & Poor’s</a>. “Absolutely, provided the right people with the right motives and mindset run the carrier and with little government interference.” </span></b></span></cite></div>
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<a class="web_ticker" density="sparse" href="http://www.bloomberg.com/quote/MAS:MK" style="background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; line-height: 1.6em; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" ticker="MAS:MK" title="Get Quote" topic_url="http://topics.bloomberg.com/malaysian-airline-system-bhd/">Malaysian Airline System Bhd. (MAS)</a><span style="line-height: 1.6em;"> </span><span style="line-height: 1.6em;">offers a bargain investment for traders willing to bet on a sale, as a turnaround stokes calls for the government to exit its stake.</span></div>
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Malaysian Air fell to an <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/MAS:MK" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Get Quote">all-time low</a> this year amid competition from budget airline <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/AIRA:MK" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" ticker="AIRA:MK" title="Get Quote" topic_url="http://topics.bloomberg.com/airasia-bhd/">AirAsia Bhd. (AIRA)</a> Now the company is <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/MAS:MK" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Get Quote">projected</a> to post its first profit in four years in 2014 on record revenue, according to analysts’ <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/MAS:MK" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Get Quote">estimates</a> compiled by Bloomberg. With the carrier on the mend, the government may seek to shed its majority ownership by selling or breaking up the $1.6 billion airline, said Malayan Banking Bhd.</div>
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<span style="line-height: 1.6em;">“Selling parts of the company is definitely viable,” said Ang Kok Heng, who helps manage $428 million of assets, including Malaysian Air shares, as chief investment officer at Phillip Capital Management Sdn. in Kuala Lumpur. “They must show some results before people are confident to buy. ”</span>Among those calling for a sale are former Premier Mahathir Mohamad, who oversaw Malaysian Air’s initial public offering in 1985, and the executive -- now a minister -- who previously returned the carrier to profit in 2006. While the government may wait for the airline’s shares to recover before seeking buyers, RHB Research Institute Sdn. said potential acquirers include local billionaire Syed Mokhtar Al-Bukhary, who last year persuaded officials to sell him the national carmaker.</div>
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Stay Out</h2>
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Former Malaysian Air Managing Director <a density="sparse" href="http://topics.bloomberg.com/idris-jala/" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Idris Jala</a>, who is now a minister in the office of current Premier Najib Razak, last month said the government should stay out of the airline business, sending the stock up 7.9 percent the next day. Idris returned the company to profit on a quarterly basis in 2006.</div>
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The state’s 69 percent stake in the carrier is held by investment division Khazanah Nasional Bhd.</div>
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Mahathir, <a density="full" href="http://topics.bloomberg.com/malaysia/" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Malaysia</a>’s longest-serving leader, backed the idea of a sale, telling state news service Bernama that a private owner would work harder to avoid losses than the government. Several groups have submitted takeover offers, The Star newspaper said Aug. 14.</div>
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Malaysian Air is forecast to generate net income of 88 million ringgit ($26 million) next year from<a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/MAS:MK" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Get Quote">sales</a> of 15.6 billion ringgit, according to analysts’ forecasts compiled by Bloomberg. After an estimated loss this year, a profit in 2014 would end a three-year, cumulative loss of 3.4 billion ringgit, the data show.</div>
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“It will make more sense for Khazanah to sell at that time,” once the company, whose stock ticker is MAS, has restored profitability, said Jerry Lee, an analyst at RHB Research in <a density="sparse" href="http://topics.bloomberg.com/kuala-lumpur/" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Kuala Lumpur</a>. “By that time, the share price has rallied. MAS are doing the right thing with their turnaround.”</div>
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Filling Seats</h2>
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The <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/MAS:MK" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Get Quote">shares</a> fetched just 32 sen last week in Kuala Lumpur, down from 2.107 ringgit in June 2007 when Idris was in charge. Malaysian Air is trading at just 0.19 times sales, near its low of 0.15 in June, data compiled by Bloomberg show.</div>
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The plan to stem losses hinges on retiring older, less economical aircraft and leaving fewer seats empty on flights to Asia’s major tourist destinations.</div>
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Najib, the Malaysian premier, said last month the government won’t sell its stake and the airline’s turnaround “cannot happen overnight.”</div>
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The government “needs to see tangible and credible improvement and the share price to reflect that,” said Mohshin Aziz, a Kuala Lumpur-based analyst at Maybank. “Only then will they start to sell it off.”</div>
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Khazanah probably wants at least 60 sen for each Malaysian Air share, according to Mohshin, almost double last week’s price. Malaysian Air investors bought more shares for 23 sen each in May in a rights issue to raise 3.07 billion ringgit, data compiled by Bloomberg show.</div>
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Suggested Buyer</h2>
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<a class="web_ticker" density="sparse" href="http://www.bloomberg.com/quote/DRB:MK" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" ticker="DRB:MK" title="Get Quote" topic_url="http://topics.bloomberg.com/drb--hicom-bhd/">DRB-Hicom Bhd (DRB)</a>, the Malaysian conglomerate and auto dealer controlled by Syed Mokhtar, has bought at least two other stakes from Khazanah in the past two years. Based in Shah Alam, outside the capital, DRB in 2012 bought Khazanah’s 43 percent stake in carmaker Proton Holdings Bhd. for 1.29 billion ringgit. A year earlier, DRB purchased the state investment fund’s 32 percent stake in the national postal company.</div>
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A representative for Malaysian Air declined to comment on the possibility of a sale. Khazanah and DRB both said in e-mailed statements that they don’t comment on speculation.</div>
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“If there was a genuine attempt by a Syed Mokhtar Bukhary company to buy MAS, the resistance wouldn’t be as bad,” said Maybank’s Mohshin. “The notion of a national airline is an outdated one. There’s no need for it anymore.”</div>
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Spinoff Options</h2>
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There aren’t any government-owned national airlines in the U.S. and such entities are becoming more rare in <a density="full" href="http://topics.bloomberg.com/europe/" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Europe</a>, according to Mohshin. That trend will spread to <a density="sparse" href="http://topics.bloomberg.com/asia/" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Asia</a>, he said. Even without an outright sale, the government could raise billions of ringgit listing some of the airline’s units that do make money, he said.</div>
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Malaysian Air’s engineering and maintenance <a density="full" href="http://mae.malaysiaairlines.com/about.html" rel="external" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Open Web Site">business</a> could fetch a valuation as high as 1.98 billion ringgit, and the airport terminal services unit could be valued at 1.07 billion ringgit, according to Mohshin’s estimates. The airline’s low-cost rural service <a density="full" href="http://www.fireflyz.com.my/" rel="external" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Open Web Site">Firefly</a> could be worth as much as 1.78 billion ringgit on the stock market, he said.</div>
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“I would be open or even excited if they were to venture down this sort of route,” Mohshin said.</div>
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All told, those profitable units have a combined value as high as 4.8 billion ringgit, based on Maybank’s estimates, equivalent to most of the airline’s total market value now of 5.3 billion ringgit. The remaining pieces are the unprofitable main airline and the cargo unit.</div>
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Adding Value</h2>
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“You can add a lot of value,” Sharifah Farah, an analyst at Affin Securities Sdn. in Kuala Lumpur, said in a phone interview. “At least the profit-making side would not be pulled down by the main operation.”</div>
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<a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/SIA:SP" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" ticker="SIA:SP" title="Get Quote" topic_url="http://topics.bloomberg.com/singapore-airlines-ltd/">Singapore Airlines Ltd. (SIA)</a> in 2000 sold stakes in <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/SIE:SP" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" ticker="SIE:SP" title="Get Quote" topic_url="http://topics.bloomberg.com/sia-engineering-co-ltd/">SIA Engineering Co. (SIE)</a> and <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/SATS:SP" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" ticker="SATS:SP" title="Get Quote" topic_url="http://topics.bloomberg.com/sats-ltd/">Singapore Airport Terminal Services Ltd. (SATS)</a>, known as SATS, in initial public offerings. They now have a combined market value of $6.7 billion.</div>
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Previous efforts to scale back state control of Malaysian Air failed. The government agreed to bail out the unprofitable airline in 2000 by buying back a 29 percent stake from businessman Tajudin Ramli for more than double the airline’s stock price at the time.</div>
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In May 2012, Khazanah reversed a share swap that had handed 21 percent of Malaysian Air to the parent of AirAsia, the budget carrier run by <a density="sparse" href="http://topics.bloomberg.com/tony-fernandes/" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Tony Fernandes</a>. The about-face followed complaints by Malaysian Air’s biggest union.</div>
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Less Interference</h2>
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Malaysian Air employees are less productive than their counterparts at neighboring airlines, according to <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/MAS:MK" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Get Quote">data</a> compiled by Bloomberg. They each generate an average of $222,000 in revenue, less than half the figure at Singapore Airlines, the data show. Workers at Thai Airways International Pcl and <a class="web_ticker" density="full" href="http://www.bloomberg.com/quote/GIAA:IJ" style="background-color: transparent; background-repeat: no-repeat no-repeat; border: 0px; color: #0066cc; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" ticker="GIAA:IJ" title="Get Quote" topic_url="http://topics.bloomberg.com/garuda-indonesia-persero-tbk-pt/">PT Garuda Indonesia Persero (GIAA)</a> each bring in more revenue.</div>
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That may not put off buyers who see an opportunity to increase efficiencies.</div>
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<b style="background-color: white;"><span style="color: red;">“Can MAS be revamped and made more competitive, even profitable?” said Shukor Yusof, a Singapore-based aviation analyst at <a density="full" href="http://topics.bloomberg.com/standard-%26-poor%27s/" style="border: 0px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Standard & Poor’s</a>. “Absolutely, provided the right people with the right motives and mindset run the carrier and with little government interference.”</span></b></div>
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THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com0tag:blogger.com,1999:blog-5092087588534899823.post-53934044918985151582013-07-13T20:07:00.000-07:002013-07-19T17:09:54.219-07:00MAS CANCER HAS SPREAD TO GOMEN!<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvBFylwfhrZK2wCApt7hGh-Tn5gkBTYeZXlnYMzGA3micdSfMbcPKV_eUulni4B9mJvRp6VatBbAF3YSzqGorobU1BwBoZhC2L4gtfjSgdeKhpy_nUJ2TfLI20K7zqhsG30NQGW4lWb-M/s1600/moron.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvBFylwfhrZK2wCApt7hGh-Tn5gkBTYeZXlnYMzGA3micdSfMbcPKV_eUulni4B9mJvRp6VatBbAF3YSzqGorobU1BwBoZhC2L4gtfjSgdeKhpy_nUJ2TfLI20K7zqhsG30NQGW4lWb-M/s1600/moron.jpg" /></span></a><span style="color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 16.5pt; mso-fareast-font-family: "Times New Roman";">Day After Day Gomen
Doing The Moron Things.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #222222; font-size: 10pt; text-align: justify;">Folks, makin lama Gomen kita makin mati akal. They are doing
mindboggling things with little or no thinking put in. Then when it becomes too
controversial they either cancel it, "</span><b style="color: #222222; font-size: 10pt; text-align: justify;"><i>tarik balik</i></b><span style="color: #222222; font-size: 10pt; text-align: justify;">', drop the
subject or just Flip Flop. </span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">1. The Gomen's overeagerness on the TPPA shows the Gomen really
does not know what is best for the country. </span><b><span style="color: blue; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Gomen is drifting in La La land.</span></b><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"> <o:p></o:p></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; margin-bottom: 0.0001pt; text-align: justify;">
<span style="color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">2. Now the Gomen is considering crafting another law to replace
the Emergency Ordinance that has been abolished. Who asked you to abolish
the Emergency Ordinance and the ISA in the first place? <o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">No one asked for the EO to be abolished. The Pembangkang
only asked to abolish the ISA. The abolishment of the ISA plus the EO took even
the Pembangkang by surprise. <b><i>Pembangkang pun terkejut</i></b>. Now
the Gomen itself says crime is rising because the EO has been abolished !! Tak
nampak bodoh ke bang? <o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">3. After that the Gomen tried to rush through the "<b><i>Unilateral
Religious Conversion Bill</i></b>" - another piece of really tak masuk
akal legislation. Only to create another huge controversy and then having to
"<b><i>tarik balik</i></b>" that Bill also. Another flip flop -
nampak bodoh lagi. </span><b><span style="color: red; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">What
is wrong with the Gomen? </span></b><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">4. Then the Gomen went and established diplomatic ties with the
Vatican. Some guy wearing a dress representing the Vatican is now in town and
saying silly things that have only stirred up more useless, totally useless
religious tension in this perfect land. You can click on this link here
to read more : <o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><i><span style="color: blue; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><a href="http://bigdogdotcom.wordpress.com/2013/07/13/joe-marinos-mission-to-kuala-lumpur-political/"><b><span style="color: #888888; text-decoration: none; text-underline: none;">"Apostolic
Nuncio to Malaysia HE Archbishop Joseph Salvador Marino's recent statement in
the interview to pro-Opposition portal The Malaysian Insider on supporting
Christian Federation of Malaysia’s intention to use kalimah ‘Allah’ in place of
God has been deemed totally insensitive and outrageous. Malay NGOs demanded he
retracted the statement or risk being asked to leave"</span></b></a></span></i><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b><span style="color: blue; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Pasal apa pi jemput mangkuk hayun macam ini masuk negara
kita? </span></b><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b><span style="color: red; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Every other day the Gomen seems to be shooting itself in the foot
(or in the @$$). Cant they get anything right?</span></b><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"> <o:p></o:p></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; text-align: justify;">
<span style="color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">5. Norman
Fernandez has already spoken about the Gomen's plan to give refugees jobs.<br />
<br />
6. And here is another controversial action - now the Gomen wants
NON-MUSLIM students in private universities to study Islamic Civilisation as
compulsory TITAS subjects. <b>Pasal apa pula? </b><o:p></o:p></span></div>
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<span style="color: red; font-family: Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: red; font-family: Arial, Helvetica, sans-serif;">......</span><br />
<div style="background-color: white; font-size: 13px; line-height: 18px;">
<span style="color: red; font-family: Arial, Helvetica, sans-serif;">(They changed the livery (colour and appearance) on the MAS A380 Airbus so that the stationery, crockery and napkin suppliers can make money. Petronas and some Ministries have changed their logo to give new contracts to the stationery suppliers and ad agencies. Its all about someone making easy money.) Janganlah buat kerja bodoh. Buat lah kerja dengan baik. </span></div>
<div style="background-color: white; font-size: 13px; line-height: 18px;">
<span style="color: red; font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="background-color: white; font-size: 13px; line-height: 18px;">
<span style="color: red; font-family: Arial, Helvetica, sans-serif;"><b>Kalau bukan senang nak jadi pandai macam itu juga bukan susah nak jadi 'tak bodoh'.</b> </span></div>
<br /></div>
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Full report: <a href="http://syedsoutsidethebox.blogspot.com/2013/07/day-after-day-gomen-doing-moron-things.html"><span style="color: blue;">http://syedsoutsidethebox.blogspot.com/2013/07/day-after-day-gomen-doing-moron-things.html</span></a><o:p></o:p></div>
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More flip flop: <a href="http://weechookeong.com/2013/07/02/tony-said-airasia-is-not-sending-its-aircraft-to-mas-for-maintenance/"><span style="color: blue;">http://weechookeong.com/2013/07/02/tony-said-airasia-is-not-sending-its-aircraft-to-mas-for-maintenance/</span></a><o:p></o:p></div>
<br />
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The cause: <a href="http://anotherbrickinwall.blogspot.com/2013/06/pemandus-pre-emptive-move-for-relevance.html"><span style="color: blue;">http://anotherbrickinwall.blogspot.com/2013/06/pemandus-pre-emptive-move-for-relevance.html</span></a><b><span style="border: none windowtext 1.0pt; color: #999999; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-border-alt: none windowtext 0in; mso-fareast-font-family: "Times New Roman"; padding: 0in;"><o:p></o:p></span></b></div>
THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com1tag:blogger.com,1999:blog-5092087588534899823.post-54276009678444516372013-06-07T08:38:00.001-07:002013-06-07T08:38:30.648-07:00Throwing good money after bad!<div class="MsoNormal">
<span style="font-size: 12pt;"><b>MIDF
Reseach downgrades MAS to "Sell", target price 27 sen</b></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">Friday
June 7, 2013 MYT 2:45:01 PM<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">KUALA
LUMPUR: MIDF Research has downgraded Malaysian Airline System Bhd (MAS) to
“Sell” from “Neutral” and reduced its target price to 27 sen from 34 sen due to
its weak prospects.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">“Due
to the worsening market yields and sticky high operating expenses, we opine
that it is improbable for MAS to be able to turn around its business by
financial year 2013-2014 as we had earlier expected,” it said on Friday.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1jBb6aJMjsL1MCWfh_S3DBDbyIbgb-jcBimqe1QsojVO-8LchZKsKSLO1DeAmnRrSEkl0Zxo9dSJ631gADPUXjP9hQfEqfdVF6phjXCfNPD8JtomvqBRmAXIaZt2Ra-_w7cmwnM96Jsw/s1600/Feature-good-money-after-LMS.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1jBb6aJMjsL1MCWfh_S3DBDbyIbgb-jcBimqe1QsojVO-8LchZKsKSLO1DeAmnRrSEkl0Zxo9dSJ631gADPUXjP9hQfEqfdVF6phjXCfNPD8JtomvqBRmAXIaZt2Ra-_w7cmwnM96Jsw/s320/Feature-good-money-after-LMS.png" width="320" /></a><span style="font-size: 12.0pt; mso-ansi-language: EN-US;">It
also revised its financial year 2013 and 2014 forecast to a net loss of
RM762.5mil and RM187.5 4 respectively and expects the turnaround to happen only
in 2015.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">MIDF
said international “headwinds” will continue to weigh down MAS business
turnaround plan despite its recent membership into the Oneworld alliance and
ongoing fleet renewal plan.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">“In
the domestic market, MAS also faces intensifying competitions from accelerated
capacity expansion by AirAsia and the launch of Malindo Air,” it said.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">It
noted MAS regional full service carriers are pursuing the strategy of
sacrificing yield in return for a higher load factor.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">“Thus
under immense international competitions and yield pressure, MAS fare yield
dropped by 4.7% on-year to 24.2 sen in 1Q13 despite a leap in passenger load
factor by 3.6% points to 76.6%,” it said.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">MIDF
added MAS have already replaced its entire fleet of B747 and a large portion of
its B737-400 with the newly acquired A380 and B737-800 models respectively.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-ansi-language: EN-US;">“Nonetheless,
there is still a fleet of 17 near aging B777-200ER with an average age of 13.6
years. The management is considering either Airbus A350 or Boeing B787
Dreamliners to replace these long-haul aircrafts,” it said.<o:p></o:p></span></div>
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<br /></div>
THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com2tag:blogger.com,1999:blog-5092087588534899823.post-42785464320005679012013-05-31T09:24:00.000-07:002013-05-31T09:24:20.215-07:00STOP SPINNING,<div class="MsoNormal">
<b><span style="font-size: x-large;">GET BACK TO WORK AND FIX MAS!</span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: Georgia, serif; font-size: 9pt;">"Sementara itu, BN pada hakikatnya mendahului pencapaian undi popular berbanding tiga parti pembangkang iaitu DAP, PKR dan Pas yang bertanding atas tiket masing-masing."</span></b></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;">Hakikat sebenar tentang undi popular yang dijaja pembangkang
bagi mengelirukan rakyat hanyalah diperoleh melalui pengundi-pengundi Cina dari
empat buah negeri yang mempunyai ramai penduduk kaum itu.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;">Memetik
blog<i> </i></span><a href="http://syedsoutsidethebox.blogspot.com/2013/05/pakatan-rakyat-lost-popular-vote-in-9">http://syedsoutsidethebox.blogspot.com/2013/05/pakatan-rakyat-lost-popular-vote-in-9</a>.
<span style="font-family: Georgia, serif; font-size: 9pt;">pembangkang
hanya memperoleh kelebihan undi di lima buah negeri yang mana empat daripadanya
iaitu Perak, Pulau Pinang, Selangor dan Kuala Lumpur merupakan negeri-negeri
yang mempunyai populasi kaum Cina terbesar.</span><o:p></o:p></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;"><br /></span></div>
<div class="MsoNormal">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhj9Nx9Go3rhFMx9Mz4P0kx2nPAi2gTAvcnLWqIciPejSs5aB4Rdf2VmFpbrqSCFLXdkTT6cjsUkvYwCrriX8PHhPnYFp4hK4XoUWmIxJjSHkxoUoj1tB-Bv4PJugC2wZrpLsUsv86gCZI/s1600/PRU+13+popular+votes.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhj9Nx9Go3rhFMx9Mz4P0kx2nPAi2gTAvcnLWqIciPejSs5aB4Rdf2VmFpbrqSCFLXdkTT6cjsUkvYwCrriX8PHhPnYFp4hK4XoUWmIxJjSHkxoUoj1tB-Bv4PJugC2wZrpLsUsv86gCZI/s400/PRU+13+popular+votes.png" width="237" /></a><span style="font-family: Georgia, serif; font-size: 9pt;">Satu lagi
negeri yang turut memihak kepada pembangkang ialah Kelantan, hanya memperoleh
kelebihan 57,332 undi yang dianggap sangat tipis.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;">"Di
mana-mana negeri yang mana orang Melayu adalah dominan seperti di Kelantan,
Barisan Nasional (BN) sebenarnya telah memenangi undi mereka.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;">"Sebaliknya
di empat negeri tersebut, kelebihan undi yang mereka peroleh daripada kaum Cina
begitu ketara, contohnya Perak dengan 111,893 undi, Pulau Pinang (263,004),
Selangor (359,256) dan Kuala Lumpur (198,084)," kata blog itu yang membuat
analisis melalui jadual undi popular yang dikeluarkan oleh portal
propembangkang, <i>Malaysiakini</i>.<o:p></o:p></span></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: "Georgia","serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: "Georgia","serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Menurut blog itu, jumlah kesemua lebihan undi yang
memihak kepada pembangkang di kelima-lima negeri tersebut adalah 989,569
sedangkan undi popular yang mengatasi BN di seluruh negara hanya 361,101.<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;">"Jelas
di sini, 989,569 undi majoriti yang pembangkang peroleh telah disusutkan oleh
BN dengan kelebihan undi di sembilan negeri lain, menyebabkan undi majoriti
akhirnya hanya tinggal 361,101.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, serif; font-size: 9pt;">"Dengan
majoriti 989,569, mereka sepatutnya boleh menang besar. Tetapi kenapa mereka
masih juga tidak menang? Ini kerana sebahagian besar undi itu hanya diperoleh
daripada pengundi Cina dari keempat-empat negeri tersebut," kata blog itu.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif; font-size: 9pt;">Daripada
analisis tersebut, blog itu menyimpulkan bahawa pembangkang tidak mewakili undi
majoriti daripada pengundi Melayu.<o:p></o:p></span></div>
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<span style="font-family: Georgia, serif; font-size: 9pt;">"Sebab
itu pembangkang tidak boleh menang pilihan raya umum ini, mereka tiada undi
daripada orang Melayu," kata blog itu.<o:p></o:p></span></div>
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<b><span style="color: red; font-family: "Georgia","serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Sementara itu, BN pada hakikatnya mendahului
pencapaian undi popular berbanding tiga parti pembangkang iaitu DAP, PKR dan
Pas yang bertanding atas tiket masing-masing.<o:p></o:p></span></b></div>
THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com0tag:blogger.com,1999:blog-5092087588534899823.post-75159090004268281542012-12-01T21:23:00.001-08:002012-12-01T21:29:33.479-08:00FOOLS NEVER LEARN Part 2<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVyk-U-bhMztv6qzgf9XbY6fnchtKx9LtDLXRGSBA0ooN2uOg5yD9OoaMU_PY1mWEoHpBRbm2h0r7RTteL04uuue9KfVN32Ey4a8fFuXFryLIBTkB2J-e-Tqnh_m1RFZepkauByN2Utxw/s1600/Super+Fool-Glitters.gif" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="312" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVyk-U-bhMztv6qzgf9XbY6fnchtKx9LtDLXRGSBA0ooN2uOg5yD9OoaMU_PY1mWEoHpBRbm2h0r7RTteL04uuue9KfVN32Ey4a8fFuXFryLIBTkB2J-e-Tqnh_m1RFZepkauByN2Utxw/s320/Super+Fool-Glitters.gif" width="320" /></a><br />
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<b><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; padding: 0in;">MAS stock falls 16%, analysts
doubt financing capabilitie</span><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; padding: 0in;">s<span style="color: #999999; font-size: 10pt;"><o:p></o:p></span></span></b></div>
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<b><span style="border: none windowtext 1.0pt; color: #999999; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-border-alt: none windowtext 0in; mso-fareast-font-family: "Times New Roman"; padding: 0in;">Presenna Nambiar </span></b></div>
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<a href="mailto:sunbiz@thesundaily.com"><b><span style="border: none windowtext 1.0pt; color: #d61920; font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-border-alt: none windowtext 0in; mso-fareast-font-family: "Times New Roman"; padding: 0in;">sunbiz@thesundaily.com</span></b></a></div>
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<b><span style="border: none windowtext 1.0pt; color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-border-alt: none windowtext 0in; mso-fareast-font-family: "Times New Roman"; padding: 0in;"><br /></span></b></div>
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<b><span style="border: none windowtext 1.0pt; color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-border-alt: none windowtext 0in; mso-fareast-font-family: "Times New Roman"; padding: 0in;">PETALING JAYA (Nov 29, 2012): </span></b></div>
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</div>
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<b><span style="color: #632523; font-family: Arial, sans-serif; font-size: 10.5pt;">"We were taken by surprise on the rights issue proposal. It indicates that MAS may have issues securing financing to meet the group's huge near-term capital requirement amounting to RM9 billion," Alliance Research Sdn Bhd said in a report yesterday</span></b><span style="color: #632523; font-family: Arial, sans-serif; font-size: 10.5pt;">.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: Arial, sans-serif; font-size: 10.5pt;">"We believe investors will be jittery of such a large cash call amid continued operating losses.<o:p></o:p></span></div>
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<b><span style="color: #632523; font-family: Arial, sans-serif; font-size: 10.5pt;">"While the cash call will help to address the short-term funding requirement and liquidity needs, it does little to address the losses at the operating level."</span></b></div>
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<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
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<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Malaysia Airlines' (MAS) stock fell more than
16% on news that it is yet again seeking capital injection from major
shareholder, Khazanah Nasional Bhd and cancelling 90 sen of its par value.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The national airline, which was the most
actively traded counter yesterday, saw more than RM560 million of its market
capitalisation wiped out at the end of trading activities.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The stock closed 17 sen down at 84 sen, with
some 77.2 million shares done.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">MAS had on Tuesday announced plans to have a
rights issue to raise up to RM3.1 billion for working capital (RM1.3 billion),
capital expenditure (RM987 million) and repay borrowings (RM777 million).<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">It also plans to shave off its share premium
account in a bid to cut its accumulated losses, buy back 10 Boeing 737-400s
originally on lease for RM64 million to meet network requirements prior to the
delivery of its new 737-800 fleet and to save on high maintenance costs it
would need to incur to deliver the planes back to its lessor in mint condition.<o:p></o:p></span></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Analysts are
still cautious on the MAS turnaround story, despite it beating the consensus
target on core losses, overshadowed by another rights issue and a reduction in
par value of its shares from RM1 per share to 10 sen a share.<o:p></o:p></span></b></div>
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<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The airline registered a small operating
profit of RM3.9 million on revenue of RM3.3 billion for the third quarter ended
Sept 30 2012 due to lower jet fuel prices and fuel consumption as a result of a
7% year-on-year reduction in capacity available-seat-kilometre (ASK) and better
utilisation of newer and more fuel-efficient aircraft.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<b><span style="color: #632523; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman"; mso-style-textfill-fill-alpha: 100.0%; mso-style-textfill-fill-color: #632523; mso-style-textfill-fill-colortransforms: lumm=50000; mso-style-textfill-fill-themecolor: accent2; mso-themecolor: accent2; mso-themeshade: 128;">"We were taken by
surprise on the rights issue proposal. It indicates that MAS may have issues
securing financing to meet the group's huge near-term capital requirement
amounting to RM9 billion," Alliance Research Sdn Bhd said in a report
yesterday</span></b><span style="color: #632523; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman"; mso-style-textfill-fill-alpha: 100.0%; mso-style-textfill-fill-color: #632523; mso-style-textfill-fill-colortransforms: lumm=50000; mso-style-textfill-fill-themecolor: accent2; mso-themecolor: accent2; mso-themeshade: 128;">.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">"We believe investors will be jittery of
such a large cash call amid continued operating losses.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<b><span style="color: #632523; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman"; mso-style-textfill-fill-alpha: 100.0%; mso-style-textfill-fill-color: #632523; mso-style-textfill-fill-colortransforms: lumm=50000; mso-style-textfill-fill-themecolor: accent2; mso-themecolor: accent2; mso-themeshade: 128;">"While the cash call
will help to address the short-term funding requirement and liquidity needs, it
does little to address the losses at the operating level."<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Alliance opined that based on the indicative
issue price of 60 sen as disclosed in the company's announcement, the proposed
rights issue will be at a steep discount to current price, while the dilution
is enormous given its expectation of a 3-for-2 rights issue in order to raise
RM3.1 billion.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<b><span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The
cash call is the third by MAS since 2007.<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<b><span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">MAS
raised RM1.55 billion and RM2.67 billion from its rights issue in 2007 and 2009
respectively, to finance new aircraft and pare down debts.<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">HwangDBS Vickers Research Sdn Bhd said there
is execution risk in MAS trying to turn around its business, and the aviation
landscape in Malaysia will become more competitive with the emergence of
Malindo Airways next year.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The research firm has trimmed its FY12 core
net loss forecast to RM567 million from RM961 million previously, after raising
MAS' passenger load factor from 70% to 75%.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">HwangDBS is expecting MAS to register stronger
performance in the fourth quarter of 2012 due to the year-end holidays.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Kenanga Research said with the new fleet in
operation, MAS will be able to make a meaningful turnaround.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The airline is to receive 12 new 737-800s and
three new A330-300s in 2013. It has already added 14 737-800s, eight A330-300s
and four A380s to its fleet since 2010.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 7.5pt 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Kenanga is raising its FY12 estimate higher by
30% from a RM764 million net loss and RM1.2 billion revenue previously, with a
new RM482 million core net profit target for FY13 estimate, as it expects MAS
to be able to recover its yield and get a higher load via the new fleet.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-top: 7.5pt; text-align: justify; vertical-align: baseline;">
<span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">"In the near
term, any positive share price movement is likely to be muted due to the
negative sentiment on its proposed capital reduction and rights issue
announcement," it added.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: Arial, sans-serif; font-size: 10.5pt;">Related article:</span></div>
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<span style="font-family: Arial, sans-serif;"><a href="http://mastroubleshooters.blogspot.com/2012/05/mas-turning-around-or-spinning.html">http://mastroubleshooters.blogspot.com/2012/05/mas-turning-around-or-spinning.html</a><o:p></o:p></span></div>
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THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com1tag:blogger.com,1999:blog-5092087588534899823.post-37724567982904113352012-10-30T15:59:00.001-07:002012-10-30T15:59:35.550-07:00BINGO, BUNG!<br />
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Bung Mokhtar hits out at Syed Mokhtar, Zeti</h1>
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<a href="http://www.freemalaysiatoday.com/category/author/vinod/" style="border: 0px; color: #e00000; margin: 0px; outline: none; padding: 0px; text-decoration: none;" title="Posts by G Vinod">G Vinod</a><div class="author" style="border: 0px; float: left; margin: 0px; outline: none; padding: 0px;">
</div>
| October 23, 2012</div>
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The Kinabatangan MP urges the government to stop Syed Mokhtar from monopolising business in the country and get someone to replace Bank Negara governor Zeti Akhtar Aziz.</div>
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<a href="http://www.freemalaysiatoday.com/category/nation/2012/10/23/bung-mokhtar-hits-out-at-syed-mokhtar-zeti/attachment/bung-mokhtar-syed-mokhtar-al-bukhary-zeti-akhtar-aziz/" rel="attachment wp-att-188004" style="border: 0px; color: #e00000; margin: 0px; outline: none; padding: 0px; text-decoration: none;"><img alt="" class="alignleft size-full wp-image-188004" height="221" src="http://www.freemalaysiatoday.com/wp-content/uploads/2012/10/Bung-Mokhtar-Syed-Mokhtar-Al-Bukhary-Zeti-Akhtar-Aziz.jpg" style="border: 0px; float: left; height: auto; margin: 5px 15px 5px 0px; max-width: 598px; outline: none; padding: 0px; position: relative;" width="300" /></a></div>
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KUALA LUMPUR: Kinabatangan MP Bung Mokhtar Radin launched a broadside against business tycoon Syed Mokhtar Al-Bukhary and Bank Negara governor Zeti Akhtar Aziz at the Parliament today.</div>
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In his criticism against Syed Mokhtar, Bung Mokhtar questioned the Finance Ministry’s rationale in allowing the billionaire to control mega businesses in the country at the expense of other businessmen.</div>
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“He wants Keretapi Tanah Melayu, he wants Mass Rapid Transit. He wants everything on land, sea and air. Given a chance, he will even do business in the graveyard,” said the outspoken MP.</div>
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He also said that it was not fair for other businessmen and pointed out that there were other capable bumiputeras out there who could work on projects as effectively.</div>
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“Even open tenders for small businesses, Syed Mokhtar will be there. Don’t let one man control everything,” said Bung Mokhtar.</div>
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He also said that the government should be mindful as the people were watching and urged the relevent authorities to come up with a mechanism to keep tabs on monopolistic system.</div>
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“<b>This thing keeps happening. Last time we had Tajuddin Ramli controlling MAS but what happened? At the end, government had to take responsibility for its losses</b>.</div>
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“That’s why I object to monopoly. Don’t depend on one person to control our economy,” said Bung Mokhtar.<br style="border: 0px; margin: 0px; outline: none; padding: 0px;" /><span style="border: 0px; color: #993366; margin: 0px; outline: none; padding: 0px;"><strong style="border: 0px; margin: 0px; outline: none; padding: 0px;"><br style="border: 0px; margin: 0px; outline: none; padding: 0px;" />Sack the governor</strong></span></div>
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On Zeti, Bung Mokhtar urged the Finance Ministry to probe the Bank Negara governor for allegedly being negligent in monitoring the rising numbers of gold trading companies in Malaysia.</div>
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He was referring to the recent raid by Bank Negara on four gold trading companies for allegedly being involved in various malpractises.</div>
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The companies raided were Genneva Malaysia Sdn Bhd, Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd.</div>
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“There were complaints made against some of the companies in the past five years but no action was taken. Why did Bank Negara raid and freeze their assets only after they have grown big?</div>
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“<b>Looks like governor was sleeping on the job.</b> If that’s the case, it’s time for the government to find someone who can really monitor our financial system better,” said Bung Mokhtar.</div>
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The Sabah MP also urged Bank Negara not to penalise the investors for the wrongdoings of the companies. His statement received the support of Sri Gading MP Mohamad Aziz.</div>
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He added that it was only fair for the central bank to return money to investors first before freezing the companies assets.</div>
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“People are worried whether they will get their money back or not. Next time, return their money first before taking action against errant companies,” he said.</div>
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THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com0tag:blogger.com,1999:blog-5092087588534899823.post-46656152126559936822012-08-17T15:55:00.001-07:002012-08-17T15:55:34.043-07:00MAS SPINNING PLAN<span style="font-family: Arial, Helvetica, sans-serif;"><span class="title" style="color: #333333; margin: 14px 0px 0px; text-transform: uppercase;"><b>MAS’ BONDS ARE NOT DEEMED AS BORROWINGS : LEAVING THE PENSION FUNDS SEEMINGLY CONNED?</b></span></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">August 17, 2012, 9:13 am</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Source: </span><a href="http://scwatch.wordpress.com/2012/08/17/mas-bonds-are-not-deemed-as-borrowings-leaving-the-pension-funds-seemingly-conned/">http://scwatch.wordpress.com/2012/08/17/mas-bonds-are-not-deemed-as-borrowings-leaving-the-pension-funds-seemingly-conned/</a></div>
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<b><span style="color: red;"><span style="text-align: justify;">"</span><span style="font-family: Arial, Helvetica, sans-serif; text-align: justify;">The government is using the retirement savings of the people to keep afloat a company that is struggling to compete with its foreign competitors (note: the local market has been lost to Air Asia)."</span></span></b></div>
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<h1 style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNrPzOfbS4TsjTbumF9nwlXzQdNAH_iZtcPlt2TxuoBnljqLIEYQU4s-TRUa4x8LkaJffeR09AiAuzUtHOuBlgT9G9cB1YWQHAF-LZaJibxsZFsnyeEax4uXXcT6kU0r_glbidcFsvwKI/s1600/spinning+G.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNrPzOfbS4TsjTbumF9nwlXzQdNAH_iZtcPlt2TxuoBnljqLIEYQU4s-TRUa4x8LkaJffeR09AiAuzUtHOuBlgT9G9cB1YWQHAF-LZaJibxsZFsnyeEax4uXXcT6kU0r_glbidcFsvwKI/s1600/spinning+G.jpg" /></a></h1>
<h1 style="text-align: justify;">
<span style="color: #666699; font-family: Arial, Helvetica, sans-serif; font-size: small;">It was not really surprising when MAS announced its second quarter results with another loss in the region of RM350m.</span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">It’s still bleeding and there is no sign of it stopping in the foreseeable future.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">One of the main reason is the fixed overheads including maintaining over 20,000 employees without corresponding returns in terms of revenue generated or value add provided to the organisation.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">It therefore begs the question as to what kind of returns MAS’ management expects in the following year or so……with the RM2.5 billion worth of ‘perpetual bonds’ it has issued or plans to issue.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699; font-family: Arial, Helvetica, sans-serif; font-size: small;">To date RM1.0 billion has been issued based on its second quarter results.</span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">The worry (I’ll tell you later why we should worry) is that the monies raised from the bonds will only be used to keep the company afloat i.e. without investing it to generate profits for MAS.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Hey, don’t try to kid us with the A380 super jumbo jets which MAS had taken delivery of……as the saviour for MAS!</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">They were ordered years ago premised on projections based on a wish and a hope…..and may find utilisation of these planes scarce compared to its more efficient competitors!</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699; font-family: Arial, Helvetica, sans-serif; font-size: small;">Which brings me back to the point of the bonds – if the proceeds are just to pay for its abnormally high overheads (in order to evade the political repercussions of not paying!), it may explain why the bonds have features that do not oblige MAS to pay interest on the bonds NOR to repay the principal!!</span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">What kind of bond is this, you may ask?</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Well, as long MAS gets the money, who cares?</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">The one who cares will be the one coming out with the money!</span></span></h1>
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<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">And who are they?</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">The country’ pension funds!</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">The bonds’ special features of not being obliged to pay interests or principal may also explain why the bonds are NOT deemed borrowings in MAS’ books.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">It may also ‘justify’ the bonds not requiring any rating!</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">They are effectively deemed to be share capital in nature.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Why the obsession not to have the bond classified as borrowings?</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Well, there is this indicator used by financial analysts the world over called “Gearing Ratio” which effectively measures the level of borrowings compared to your shareholders funds.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">The higher the ratio, the higher the risk to the company.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699; font-family: Arial, Helvetica, sans-serif; font-size: small;">Therefore, what is supposed to be part of the numerator (read: borrowings) now becomes part of the denominator (read: share capital)!</span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">That way, the gearing ratio of MAS looks better than it really is…….through this window dressing exercise vide the use of fancy words in the Terms of Reference when issuing this bond.</span></span></h1>
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<span style="color: #666699; font-family: Arial, Helvetica, sans-serif; font-size: small;">Which comes to why we should worry about this whole exercise.</span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Granted, this kind of bond has been issued in other countries…….but the companies that issue them are financially strong and investors queue up to invest in their shares and financial instruments.</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">This is inspite of the remote risk of these ‘blue chips’ not paying interest or repaying principal … the investors are prepared to take that risk to enable these companies to add a few more brownie points to their existing AAA status!</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Not so for MAS, our dear old Malaysian Airlines!</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699; font-family: Arial, Helvetica, sans-serif; font-size: small;">Many have claimed that MAS is technically insolvent……and it’s financials seem to support such an assertion.</span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">So the question is why would anyone want to invest in the kind of bonds that a struggling company like MAS has issued……knowing full well that MAS is not obliged to pay interests nor are they obliged to repay the principal?</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">That’s because the common factor here is the government which effectively controls MAS and also the pension funds!</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: red; font-family: Arial, Helvetica, sans-serif; font-size: small;">The government is using the retirement savings of the people to keep afloat a company that is struggling to compete with its foreign competitors (note: the local market has been lost to Air Asia).</span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">And the decision to do so appear purely political……i.e. to enhance standing of UMNO…..the costs of which are borne by the people’s savings in the pension funds!</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Is this acceptable?</span></span></h1>
<h1 style="text-align: justify;">
<span style="color: #666699;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Shouldn’t the bonds issued by MAS be subscribed by Tajuddin Ramli and his cohorts?</span></span></h1>
THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com3tag:blogger.com,1999:blog-5092087588534899823.post-82323458334881846022012-07-24T08:56:00.001-07:002012-07-24T08:57:47.807-07:00Press Statement<br />
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Press
Statement By Tan Sri Abdul Aziz Bin Abdul Rahman, <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Former
Managing Director of Malaysia Airline System<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">23 July
2012<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9hsDlbZImsyFO2uPO3mS98FMCwUx35aqeB7NWkP3NahX7kRnOs-50yJhJ6doFKf-p2VSQrq9faJR47M3dLq4v7JM_kmYAZLVLxNQJt4jxLJ5wKOKTRlyqoNrTktTJAtYDIgBjKsFyClA/s1600/mas-evolution.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="79" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9hsDlbZImsyFO2uPO3mS98FMCwUx35aqeB7NWkP3NahX7kRnOs-50yJhJ6doFKf-p2VSQrq9faJR47M3dLq4v7JM_kmYAZLVLxNQJt4jxLJ5wKOKTRlyqoNrTktTJAtYDIgBjKsFyClA/s320/mas-evolution.jpeg" width="320" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTf57AdtZvISgEuElHoq5BN3tn1shFGdvmmTBzo4-_XpJVVurXuWEcK54fhBA-aupWsomlHjLNx_rdN5z2HcOlLlN5PHENSp2zL0d_Jrw30HTVfI_aiwEqsXd2hBbSNlXCEhamnb8dJgE/s1600/new-logo-malaysia-airlines1.jpg" imageanchor="1" style="background-color: white; display: inline !important; margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTf57AdtZvISgEuElHoq5BN3tn1shFGdvmmTBzo4-_XpJVVurXuWEcK54fhBA-aupWsomlHjLNx_rdN5z2HcOlLlN5PHENSp2zL0d_Jrw30HTVfI_aiwEqsXd2hBbSNlXCEhamnb8dJgE/s1600/new-logo-malaysia-airlines1.jpg" /></a></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">"In the interest of the good name of our National Carrier and also the Nation, I suggest that colours of the Logo and livery on the A380 aircraft be reverted to the airline’s original colours as soon as possible, before it is too late."</span><o:p></o:p></span></b></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">The
colours of the Logo and the Livery of the MAS A380 aircraft are outrageously
wrong. They are wrong for at least two main reasons.<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Firstly,
the new colours have deviated from the original tradition and objective of the
official colours of the national carrier. The colour of the logo has ignored
the original tradition and history of the creation of the logo.<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">The
original colour of the logo was red depicting one of the prominent colours of
our Flag – the Jalur Gemilang as MAS is the country’s Flag Carrier. Later, dark
blue colour was added as one of the main colours of our flag. All these were
chosen and approved by the government and in particular YAB Tun Abdul Razak.
The airline operated throughout the periods of all the Prime Ministers in those
colours. <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">The
latest Prime Minister that approved the logo was Tun Mahathir Mohamad. I
remember going to see him with the designer Encik Johan to get his blessing. He
was the one who suggested that the Logo on the tail of the aircraft be tilted
slightly to give the aerodynamic look.<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Secondly,
the new different colour of the Logo is in conflict with the basic principle of
branding in business. <b><span style="color: red;">It portrays the image of confusion among the consumers
and reflects badly on the management.</span> </b>No business organization would do such a
thing.<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Furthermore,
in this case the A380 aircraft will be flying all over the world. It will
create a bad image for our National Carrier.<o:p></o:p></span></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">In the interest of the good name
of our National Carrier and also the Nation, I suggest that colours of the Logo
and livery on the A380 aircraft be reverted to the airline’s original colours
as soon as possible, before it is too late. </span><o:p></o:p></span></b></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">In this
regard, I think the government should investigate to find out as to who had
decided on the new colours without sound reasoning and direct the management
accordingly.<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Signed,<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Tan Sri
Abdul Aziz Bin Abdul Rahman<o:p></o:p></span></div>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com6tag:blogger.com,1999:blog-5092087588534899823.post-74434176506069205602012-07-21T18:55:00.000-07:002012-07-21T19:06:27.692-07:00CAN WE HEAL THESE?<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCjh_BiweQNJwNGCtti_GPZG8O0v2sWRpvgq7n0aGmkI-_6y9oA48WMCi9AgqpO_uKRBAPHHhNa2fdxHt0Hkv_iKFYxXk2TJwEMWyUwECaji7e7ztqYRBf_MNeulrKWTT2QWr8TUgqB7Y/s1600/heal.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="199" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCjh_BiweQNJwNGCtti_GPZG8O0v2sWRpvgq7n0aGmkI-_6y9oA48WMCi9AgqpO_uKRBAPHHhNa2fdxHt0Hkv_iKFYxXk2TJwEMWyUwECaji7e7ztqYRBf_MNeulrKWTT2QWr8TUgqB7Y/s200/heal.jpg" width="200" /></a></div>
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<span style="color: #4f81bd; font-family: Arial, sans-serif;"><span style="font-size: large;"><br /></span></span></div>
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<span style="color: #4f81bd; font-family: Arial, sans-serif;"><span style="font-size: large;">Salam Ramadhan al-Mubarak!<o:p></o:p></span></span></div>
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<b><span style="color: #4a452a; font-family: Arial, sans-serif;"><span style="background-color: red;">AIDA – Awareness
> Interest > Desire > ACTION!</span><span style="font-size: large;"><o:p></o:p></span></span></b></div>
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<span style="background-color: white; font-family: Arial, sans-serif; font-size: 12pt;">On July
21, 2012 at 5:22 pm, </span><span style="background-color: white; font-family: Arial, sans-serif; font-size: 12pt;">GE Man
wrote at </span><a href="http://weechookeong.wordpress.com/2012/07/18/conspiracy-or-sabotage/" style="background-color: white;"><span style="color: blue;">http://weechookeong.wordpress.com/2012/07/18/conspiracy-or-sabotage/</span></a><span style="background-color: white; font-family: Arial, sans-serif;"> </span><span style="background-color: white; font-family: Arial, sans-serif; font-size: 12pt;"> </span><br />
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<span style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">"With 18 on the list above , My dear PM and BOD of MAS and Tan Sri chairman, YB YB , you must not stand still while MAS being screwed to death. MAS is BLEEDING ok!"</span><o:p></o:p></span></div>
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<b style="background-color: white; font-family: Arial, sans-serif; font-size: 12pt;">xxxxxxxxxxx
The finale on conspiracy and sabotages in MAS xxxxxxx</b></div>
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<span style="background-color: white; font-family: Arial, sans-serif; font-size: 12pt;">The
share suap is a very well planned conspiracy and sabotage mission’s to destroy
MAS slowly if not immediately to kill off AA only competitors in Malaysia.</span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">The
Pariah parachuted his armies (A.., Danny Rashy, Azhari, Rozman, Amin, Zakiah,
Shane Nolan etc etc ) on search and destroy missions, forcing MAS to swallow
poison’s pill after a poison’s pill so that MAS is so sick that MAS won’t be
competitive to operate for at least the next 10-20 years.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">The
list of conspiracy and sabotages that bleed’s MAS to death:<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">1)
Killing off Fire Fly B737-400/800 Jet Services since it is directly competing with AA as a low cost community
carrier and taking over some of its routes.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">2)
Cut/Stop MAS profitable routes ( Bandung , Surabaya , Sydney etc etc ) so AA
can take over the routes and mount additional flight.The rakyat had no choice
but to pay what ever price AA put since they are monopolizing this routes.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">3) Re
schedule / re timed MAS flight to odd hours ( Hong Kong , Beijing etc etc ) so that AA take the prime
slot. MAS seat’s load factors dived.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">4)
Signed the so called an AAX’s 35,000 passengers re-accommodation at a very low fare. MAS loosing money at least
MYR 1000 per AAX’s passengers carried and lost of sale able seats to would be
full paying MAS passengers.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">5) Logo
and re-branding, con-sultan fee’s paid , re-painting of more then 115 aircraft
which will cost at least MYR 900,000.00 per aircraft that requires down time of
at least 10 days.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">It will
cost a whooping MYR 100 millions. Lost of aircraft utilization will cost money
too to MAS. Luckily the change of logo and re-branding were restricted to A380.
Even that will cost money for the respraying of the 6 A380!<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">6) QPR
sponsor worth MYR 10 million when AJ is crying MAS is bleeding.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">7) A380
seat re-configuration at the wimp and fancy of the Pariah which cost MAS at
least MYR 4 million per ship set . With 6 unit A380 ordered , this will add an
additional cost of MYR 24 million to MAS and the “old seats” to be scrap.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">8) The
A380 ferry (joy rides) flight from Toulouse to Kuala Lumpur with some joy
riders on board who are not related at all to the ferry flight formalities,
incurring additional cost of sending them to Toulouse , hotels , daily
allowances and lost of sale-able commercial seats, Kuala Lumpur – London and
Kuala Lumpur – Paris .<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">9) Lost
of UN UNIFIL Lebanon lucrative charter flight to AAX. Giving an excuse of MAS
don’t have any aircraft available to do it where’s else many aircraft laying
idle due to routes cut and excess cabin crews had to be deployed to Golden
Lounge to work.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">10)
Lost of Fire Fly ATR 75-200 maintenance contract to SAE.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">11)
Lost of Batavia Air and Lion Air B737-300/400 maintenance contract to AIROD.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">12) The
would be B777 seat and IFE retrofit worth at least MYR 150 million for all 15
unit MAS B777. This B777 will be phased out in 3 years time yet a retrofit is
initiated and as it is the seat and IFE served its purpose well.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">13)
B737-800 steel brakes changes to carbon brakes which cost millions. AJ had
issued a direct LOI/LA to one of carbon brakes manufacturer without going thru’
a normal company procurement procedure and WITHOUT Board approvals !!<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Using a
carbon brakes is only economical if you use it since day one you buy the
aircraft. Now MAS got to buy the new carbon brakes and discard/throw away/scrap
the steel brakes inventory worth millions and MAS got to change tyre type from
radial to bias tyre !!<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">14) Two
weeks ago in London Farnborough airshow,
AJ signed a MYR 5 billion contract for A380 Trent 900 Engine Total Care
Maintenance Program with RR for as long as MAS is flying this A380 aircraft .
No engineering and financial evaluation was carried out and NO BOARD approval
sought. All decide by the TRIO , AJ , Azhari and Amin.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">15)
Approximately 3 years ago MAS/PMB had sold 17 unit of their B737-400 classic
aircraft to AAR and MAS leased it back (Sale and Leased Back ) from AAR until
such time that all MAS new B737-800NG is delivered as replacement.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">Two
weeks ago , during Farnborough Air show in London too, MAS Airlines Engineering
Group (AEG) and someone had signed an agreement with AAR to purchase back 6
unit of this B737-400 classics.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">The
surprising deal is that the purchase price per aircraft is MYR 19.8 million
(USD 6.4 mil). The market price is only USD 2.5 million (MYR 7.75 mill) each .
(Pls refer www.speednews.com for aircraft prices)<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">MAS is
paying 2.5 times more then the market price !!!<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">AND
what is the logical explanation buying back this junk ??<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">MAS
will be milked by a whooping MYR 118.8 millions for this deal.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">As
usual no engineering and financial evaluation was carried out and NO BOARD
approval sought. All decide only by two persons and one of whom is an ex GE
Man.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">16)
Early this month (July), against all MAS procurement procedure and the first
one in MAS history, Azhari had issued an LOI (Letter Of Intent) to LHT a
contract worth MYR 500 million for the A330 Aircraft Component Support PBTH
(Power By The Hour) , knowing that there is other bidders who had offered a
lower price then LHT .<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">Azhari
is the first CEO of MAE (MAS Aerospace Engineering) history who issue LOI
without Board Approval.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">He
doesn’t have such authority, only tender department who can issue LOI/LA after
BOD had approved it.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">A wrong
procurement procedure, Azhari will bull doze this A330 LHT contract during this
coming BTC (Board Tender Meeting) on Wednesday / 25 July 2012. He will try to
shove it to the BOD throat.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">17) In
the making, Azhari and Amin is now trying to do something about the B737-400
engine CFM56-7 PBTH (Power By The Hour) contract worth at least MYR 1.5 billion
(minimum 10 years contract)( more then 200 engines) and source said it may be a
direct nego again. One can expect where it will go. Just think who is maker!<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">18) In
the making think,Azhari and Amin is trying to figure out who will get the
B737-800 / B777 / A380 / B747-400 APU maintenance contract worth more then a 1
billion ringgit . A total of more then 150 units of APU (Auxillary Power Unit)
is to be contract out for maintenance soon.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">With 18
on the list above , My dear PM and BOD of MAS and Tan Sri chairman, YB YB , you
must not stand still while MAS being screwed to death. MAS is BLEEDING ok!</span><o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">This
will be the way to kill MAS as MAS be will be liable and inherit a long term
high engineering operating cost, too high to sustain the business for at least
the next 10-20 next years from now , how MAS will survive like this ? <o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">A
procurement manual is there to be followed so the tender and bidding is carried
out in a transparent manner,how come one person or a TRIO are allowed to decide
on this multi billion ringgit contract.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">At
least least 3 bidders must participate to make the bidding process to be an
advantage to MAS bottom line. Direct nego is a suicide !!<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">The
remaining parachuted fellows are the share suap parasites and should leave MAS,
so much damaged done in the last 11 months..<o:p></o:p></span></div>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com2tag:blogger.com,1999:blog-5092087588534899823.post-82191942251158424252012-06-16T02:21:00.001-07:002012-06-19T07:31:00.125-07:00A FINAL WAKE UP CALL<br />
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">A FINAL WAKE UP CALL FOR MAS
MANAGEMENT, UNIONS AND STAFF<o:p></o:p></span></b></div>
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<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtzNQAxnFV4xtL-LAbReuEGzbtECSKfYToL2E_cPT5Fj4mdQVfw5iaK4y3S8Umtb5f6xSAr1l5mPlRfWUdkKRjMD_EOHLeprl_cktlkEvQcrL-NDqQ-kNVfLxur2MuayLbgnsAIH38OK0/s1600/Wake+up+ALL.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtzNQAxnFV4xtL-LAbReuEGzbtECSKfYToL2E_cPT5Fj4mdQVfw5iaK4y3S8Umtb5f6xSAr1l5mPlRfWUdkKRjMD_EOHLeprl_cktlkEvQcrL-NDqQ-kNVfLxur2MuayLbgnsAIH38OK0/s320/Wake+up+ALL.jpg" width="320" /></a></div>
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<span style="background-color: white; color: #333333; font-family: Arial, sans-serif; font-size: 11.5pt;"><span style="background-color: transparent; font-size: 16px;">In continuation of our earlier post below, </span></span></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><a href="http://mastroubleshooters.blogspot.com/2011/12/organisational-diagnosis-another.html">http://mastroubleshooters.blogspot.com/2011/12/organisational-diagnosis-another.html</a><o:p></o:p></span></b></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>we have reproduced<span style="color: red;"> some serious and valid
comments </span>from<o:p></o:p></b></span></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><a href="http://weechookeong.wordpress.com/2012/06/13/finally-rashdan-is-out-what-about-rozman-omar-and-azhari-dahlan/">http://weechookeong.wordpress.com/2012/06/13/finally-rashdan-is-out-what-about-rozman-omar-and-azhari-dahlan/</a><o:p></o:p></span></b></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">CONCERNED on <a href="http://weechookeong.wordpress.com/2012/06/13/finally-rashdan-is-out-what-about-rozman-omar-and-azhari-dahlan/#comment-70635" title="">June 13, 2012 at 9:09 am</a> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">For MAS
to turnaround and succeed, the departure of Rashdan should not be overly
celebrated. Instead , Mas staff should take a good long look at themselves and
the Company and ask pertinent questions about how and why the Share Swap and
Collaboration could have happened in the first place. Because the TRUTH is, <b><span style="color: red;">Mas has been a lame duck organisation for many years,
subsequent top managements have come and gone with their quick fixes, but the
problems that lead to Mas’s consistently dismal performance remain</span></b>.
It is convenient to vent anger, frustration and even hatred at the “newcomers”
because it is comforting to be able to deny the fact that the rot has set in a
long time ago, there are deep rooted legacy problems, the organisation is
structurally not even organised to conduct the business it is supposed to do,
successfully. <b><span style="color: red;">Khazanah saw this,and perhaps in their
haste, ill-placed intentions and not to forget the presence of some personal
agendas on the part of our competitors and political masters, the Share swap
and CCF was crafted</span></b>. Think for a moment, would anyone even consider
such a deal for successful airlines like SQ? No way. So, even with Rashda’s
departure, is Mas magically going to turnaround and recover? No way.<br />
So now, what next? Whilst the focus should remain on getting the revenue in,the
Board should seriously addreess the structural issues starting with the people.
<b><span style="color: red;">Clean up HC first, the rot began there decades ago.<o:p></o:p></span></b></span></div>
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<br /></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">WE ARE WATCHING on <a href="http://weechookeong.wordpress.com/2012/06/13/finally-rashdan-is-out-what-about-rozman-omar-and-azhari-dahlan/#comment-70695" title="">June 13, 2012 at 8:01 pm</a></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Good
question. Should be answered by the custodian of all things people related, ie
HC, and the Human Potential Development Department which has “Talent Management”
under it. But, wait a minute, these HC people have been around for ages
including the Head of HPD, and MAS has difficulty in locating or identifying
qualified people within its 20,000 workforce? Back to Concerned’s posting<b><span style="color: red;">, the rot is right there in HC</span></b>. And guess what?
MAS offers the Voluntary Leave Programme and does not extend VPs and up if they
reach retirement age. Good ideas to trim staff costs and allow natural
attrition to help reduce the numbers. BUT, in spite of Policy, HC just EXTENDED
the services of the VP, Human Potential Development for another year at a
salary exceeding RM20k! Talk about double standards. What is the justification
for this when it is universally known how incompetent these people are? If one
wants to debate the point, then answer this basic question – who among the
20,000 staff has been identified, groomed and is ready to assume the CEO’s
position? The silence speaks volumes for the total lack of proper people
management in the Company. So, what does HC do? <b><span style="color: red;">Extend
the services of the incompetent. What a joke.<o:p></o:p></span></b></span></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Anonymous on <a href="http://weechookeong.wordpress.com/2012/06/13/finally-rashdan-is-out-what-about-rozman-omar-and-azhari-dahlan/#comment-70701" title="">June 13, 2012 at 9:18 pm</a></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">The
most sensible and honest observation on MAS. The <b><span style="color: red;">staff
are in denial mode</span></b><span style="color: red;"> </span>and it is always
better to blame others than ourselves. The rot is too deep everywhere.<o:p></o:p></span></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Hmm on <a href="http://weechookeong.wordpress.com/2012/06/13/finally-rashdan-is-out-what-about-rozman-omar-and-azhari-dahlan/#comment-70650" title="">June 13, 2012 at 11:58 am</a></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Mas is
doomed BECAUSE the employees whether management wiil never<br />
change. Majority of the staff understand its not about merit or efficiency. From<br />
the beginning those who want to go up must SUCK UP AND VERY HARD<br />
indeed and majority are selfish in their career. Just look at the union with
their<br />
greedy leaders. Who made them .Even without Tony or Danny , MAS without<br />
spoon feeding as from day one its a goner. <b><span style="color: red;">Dont get
upset by this remarks.</span></b><br />
Take a look yourself in the mirror before blaming others why you and your<br />
airline is nothing to be proud of.<br />
Take note of Concerned. He has a point to ponder.<o:p></o:p></span></div>
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<o:p></o:p></span></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><a href="http://www.fathi-ridzuan.com/">Fathi Ridzuan</a></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> on <a href="http://weechookeong.wordpress.com/2012/06/13/finally-rashdan-is-out-what-about-rozman-omar-and-azhari-dahlan/#comment-70778" title="">June 14, 2012 at 12:40 pm</a><o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Totally
agree. It is easier to blame others than yourselves. The fact is for all to
see. <b><span style="color: red;">The airline is bloated with staff, a majority
of which are not really interested in helping the airline raise its
profitability</span></b>. The union behaves like a mafia. I am not a fan of
Danny and he simply does not have the leadership skill or absolutely zero
people skill. I have worked with him, and he is the worse the CEO I have ever
worked with in my 23 year corporate life. But the airlines problems go way
beyond Danny. And no one has the balls the make the drastic change required,
especially when any CEO appointed will have to deal with the mafia union!<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Note:</span><br />
<span style="color: blue; font-family: Arial, sans-serif; font-size: 12pt;"><b>MAS TROUBLESHOOTERS advice to future Management;</b></span><br />
<span style="font-family: Arial, sans-serif; font-size: 12pt;">For solutions,
the decision makers and current management (<span style="color: red;"><b>excluding A.J.</b></span>) need to analyse all
the comments posted here;<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;"><a href="http://www.rockybru.com.my/2010/08/why-sia-is-worth-s187-b-and-mas-is.html">http://www.rockybru.com.my/2010/08/why-sia-is-worth-s187-b-and-mas-is.html</a><o:p></o:p></span></div>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com13tag:blogger.com,1999:blog-5092087588534899823.post-6249017071637095452012-06-09T21:48:00.001-07:002012-06-09T21:50:21.014-07:00LEADERS SOLVE PROBLEM OTHERS FEAR<br />
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">MAS
ship is sinking very fast. </span><span lang="EN-MY" style="font-family: Arial, sans-serif; font-size: 12pt;">We
need to revitalise MAS into becoming a GOLDEN airline in the world again. The
following plan of action is required:<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>STAGE 1</b><o:p></o:p></span></div>
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</div>
<ol start="1" style="margin-top: 0in; text-align: -webkit-auto;" type="1">
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="text-indent: -24px;">IDENTIFY, EVALUATE AND PUT THE RIGHT TEAM OF BOARD OF DIRECTORS AND TOP MANAGEMENT</span> </span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif;"><span style="font-size: 16px; text-indent: -24px;"><b><span style="color: red;">TRIPLE PRONGED MANAGEMENT APPROACH ON GOOD LEADERSHIP, PEOPLE AND COST MANAGEMENT</span></b></span>
</span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif;"><span style="font-size: 16px; text-indent: -24px;">DIAGNOSE THE HEALTH OF THE ORGANISATION ON 13 CRUCIAL DIMENSIONS</span>
</span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif;"><span style="font-size: 16px; text-indent: -24px;">ALIGN PEOPLE STRATEGIES OF A COMPANY WITH BUSINESS RESULTS</span></span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span></li>
</ol>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>STAGE 2
– THE SEVEN STIMULUS DRIVE</b><o:p></o:p></span></div>
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<ol start="1" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">TOTAL ENGAGEMENT OF STAFF AT ALL LEVELS<o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">SEEK AND REWARD STAFF CONTRIBUTION SCHEME<o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">STOP THE BLEEDING<o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">ERADICATE LEAKAGES AND WASTAGES<o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">RETAIN BRANDING AND LIVERY <o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">REVIEW AND STRENGHTEN FINANCIAL STRATEGY<o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">FAIR COLLABORATION AND COOPERATION WITH LOCAL
PLAYERS<o:p></o:p></span></li>
</ol>
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<b><span style="font-family: Calibri, sans-serif; font-size: 18pt;">SEVEN VITAL STIMULUS DRIVE</span></b><span style="font-size: 18pt;"><o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOyQyMQLrZuIL17HZG0tH-VM5amwbbo6EM4w2qODuPCtBsJtPBV1y_vPVqjyVzAg5FwBb9FuNSCLWHctINs0O5jFdwArMWpP1aq5-ED78K21v477Vxjo_dbil9I3p_gu9mZbEHFW_PiWg/s1600/7+stimulus.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="465" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOyQyMQLrZuIL17HZG0tH-VM5amwbbo6EM4w2qODuPCtBsJtPBV1y_vPVqjyVzAg5FwBb9FuNSCLWHctINs0O5jFdwArMWpP1aq5-ED78K21v477Vxjo_dbil9I3p_gu9mZbEHFW_PiWg/s640/7+stimulus.png" width="640" /></a></div>
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</td>
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</tbody></table>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com1tag:blogger.com,1999:blog-5092087588534899823.post-243824428507856602012-05-23T08:19:00.002-07:002012-05-23T08:19:34.786-07:00MAS: TURNING AROUND OR SPINNING?<br />
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</div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">On
Wednesday May 23, 2012, the STAR wrote:</span></div>
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<br /></div>
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<b><span style="color: red; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">RM9bil fund raising to
enable MAS to continue uninterrupted<o:p></o:p></span></b></div>
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<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqiIwqfVMyA9GYOaqXMlI67VwADx_SWtFNyfjvcyf-4avefqyJTAwDQ6xDGG4HW9wNlZmc4YMFHT2V2r56O1Esl3_5AKciGcW37FiqElBel32w3W2tgV6yzGVfeA1HH8hXhAMXZk-GRDA/s1600/crabs.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqiIwqfVMyA9GYOaqXMlI67VwADx_SWtFNyfjvcyf-4avefqyJTAwDQ6xDGG4HW9wNlZmc4YMFHT2V2r56O1Esl3_5AKciGcW37FiqElBel32w3W2tgV6yzGVfeA1HH8hXhAMXZk-GRDA/s320/crabs.jpg" width="227" /></a></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">PETALING
JAYA: <a href="http://archives.thestar.com.my/search/?q=Malaysia%20Airlines%20(MAS)" target="_blank">Malaysia Airlines (MAS)</a> yesterday surprised the market
place with a massive RM9bil fund raising proposal that involves the issuance of
bonds and taking a loan.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">This is
the fifth consecutive quarter of loss for the airline and though the amount has
narrowed compared to the previous corresponding quarter in 2011 where it
reported RM242mil net loss, but when stripped of the non-cash items, the net
loss for the first quarter in 2012 was RM347mil.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">It is
essentially the RM199mil forex gain that narrowed the losses for the first
quarter.”<o:p></o:p></span></div>
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<br /></div>
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<b><span style="color: red; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div>
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<b><span style="color: red; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div>
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<b><span style="color: red; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div>
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<b><span style="color: red; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">On the contrary, we have gathered that:<o:p></o:p></span></b></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">MALAYSIA
Airlines (MAS) is perhaps the only Malaysian company that has undertaken the
most number of restructuring exercises over the past decade to try to get back
on its feet. A decade ago its books were severely tainted with red ink and had
to be cleaned up via the Widespread Asset Unbundling (WAU) exercise where it
became an asset light airline. <b>But 10 years later it is still in dire
straits and appears not too far from where it was a decade ago.<o:p></o:p></b></span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">The
state-owned airline has already had <b>two rights issues since Idris Jala took
over, raking in RM1.6 billion in 2007 and RM2.67 billion in 2010 to fund its
operations and fleet purchases</b>.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Industry
experts said that a further injection of cash will not save MAS as <b>“operational
fixes”</b> are required. Most of the past solutions for MAS, either the WAU or
Idris Jala’s business transformation plan, were <b>financial in nature to keep
the airline in the black. But what is needed are operational fixes. <o:p></o:p></b></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Its
cash and cash equivalent have depleted to RM968.5mil as at Dec 2011 compared
with RM5.2bil in Dec 2007, <b>a rapid rate of cash depletion of almost RM4.3bil
in four years.<o:p></o:p></b></span></div>
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<br /></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">THE 2001 and 2003 ORGANISATIONAL
DIAGNOSIS </span></b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Since
2001, the WAU Team has not been able to fix "<b>operational issues</b>"
in MAS as highlighted by the <b>late Tan Sri Azizan</b> in the Berita MAS dated
September 2001 and September 2003 and summarised below:<o:p></o:p></span></div>
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<br /></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">SEPT 2001<o:p></o:p></span></b></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">1. TO RE ENGINEER THIS <b>ENDANGERED COMPANY</b>.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">2. THE ORGANISATION STRUCTURE OF THE
COMPANY IS FOUND TO BE NOT <o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"> CONDUCIVE TO AN INTEGRATED APPROACH.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">3. <b>REVIEWING AND IMPROVING THE PROCESSES
AND PROCEDURES TO PLUG THE RAMPANT LEAKAGES AND STOP THE HAEMORRHAGE.<o:p></o:p></b></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">4. BEHOLDEN ON US TO PROTECT IT FROM <b>PREDATORS.</b><o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">5. PRESENT FRAGMENTED MAS IS NOT IN THE
RIGHT STATE.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">6. MAS CULTURE IS DOMINATED BY A “SILO
MENTALITY” RESULTING IN <b>UNINTEGRATED AND UNCOORDINATED ACTIVITIES. <o:p></o:p></b></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">7. FOSTERED ABUSE, PLUNDER OF THE COMPANY
FOR PERSONAL GAINS, HIGH <o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">COST, INEFFICIENCY AND HAS DRIVEN THE COMPANY
TO <b>NEAR BANKCRUPTCY</b>.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">8. DEDICATE OURSELVES TO CREATING A NEW
CULTURE GROUNDED IN A FEELING OF COMMON RESPONSIBILITY, BASED ON
ACCOUNTABILITY.<o:p></o:p></span></div>
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<br /></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">SEPT 2003<o:p></o:p></span></b></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">1. TO ENSURE THAT FACTIONALISM FOSTERED BY
THE CLAN CULTURE WOULD NOT BE AN OBSTACLE.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">2. ALWAYS STRIVE TO SUPPRESS ANY TENDENCY
TOWARDS FACTIONALISM.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">3. THIS REQUIRES A CHANGE IN MINDSET AND A
NEW CULTURE.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">4. WE HAVE TO PREVENT <b>LEAKAGES AND
WASTAGES</b>.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">5. <b>GOOD FINANCIAL MANAGEMENT IS
ESSENTIAL FOR OUR SURVIVAL.<o:p></o:p></b></span></div>
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<br /></div>
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<br /></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">THE SHORT TERM GAIN, LONG TERM
PAIN<o:p></o:p></span></b></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">This is
the fourth in a decade after WAU, Business Turnaround 1 and Business
Transformation 2. <b>The same people who crafted WAU are back hammering out a
share swap without proper due diligence and based merely on “judgment call” instead.<o:p></o:p></b></span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Had
they put in place a long-term plan then, would MAS be in this state? The new team “has taken a short-term view of
MAS when they should have <b>engaged with the experts from within to get to the
root of the problem as the 2012 Business Plan does not address that.</b><o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">MAS'
poor showing can be attributed to three factors; <b>lack of good leadership
management, people management and cost management in the last 15 years.</b><o:p></o:p></span></div>
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<br /></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">An example of poor leadership can
be demonstrated in the email below:</span></b></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Received
from EN.XXX 87772344
06-12-05 13.01<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"> -> IDRIS.JALA MD, IDRIS JALA MD/OFF<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"> -> MAS.$$MESA MAS EXEC STAFF ASSOCIATION<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"> -> MAS.CHAIRMAN DATO' DR MOHAMED MUNIR CHAIRMAN<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">W'SALAM,<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Puan
XXX/Bro XXX cpy Saudara Idris/Chairman/$$MESA,<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">BERANI
KERANA BENAR, TAKUT KERANA BERSALAH.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">InsyaAllah,
together we can help our new MD to turn around this ailing and beloved airline
even better than before. We have the ingredients, I can sense the honesty,
sincerity and determination in our new MD.<o:p></o:p></span></div>
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<br /></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">First hurdle is to raise staff
morale, another word we need morale booster.<o:p></o:p></span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">Second hurdle is to remove
CANCEROUS ELEMENT. We can't afford to have enemy<o:p></o:p></span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">within. We have enough enemy
outside.<o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">If we
can go past these two hurdles, the turnaround will be very smooth.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">We have
done it before; there is no reason why we cannot do it again and even better.<o:p></o:p></span></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-fareast-font-family: "Times New Roman";">The "Flying Buffet" if
it is true, hopefully not, already created a lot of damage to staff morale.</span></b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">
Leadership by example and accountability is very important in our organisation which
fly national pride.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Together
we can do it.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Rgds/XXXX.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">MESA
President.<o:p></o:p></span></div>
<br />THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com3tag:blogger.com,1999:blog-5092087588534899823.post-21364584422797392752012-05-19T08:20:00.001-07:002012-05-21T15:50:55.442-07:00BERNAMA OR STAR SPIN?<br />
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</div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEho6IXQTimBLwJgGvBv5SQkIAQvBaeZFQC2XMGZYVq0c-mO-d-UCHJbGtLY2f2h0too0UYun90n4m-0E_44E-bzh5wjATDILSSECNDwnWJFVyZcDnVc3Q3l3euTrSZ2qlYTVDLY6r0p5ww/s1600/spinners.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="312" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEho6IXQTimBLwJgGvBv5SQkIAQvBaeZFQC2XMGZYVq0c-mO-d-UCHJbGtLY2f2h0too0UYun90n4m-0E_44E-bzh5wjATDILSSECNDwnWJFVyZcDnVc3Q3l3euTrSZ2qlYTVDLY6r0p5ww/s320/spinners.jpg" width="320" /></a></div>
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<br />
<br />
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<br />
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Among
other things, Tan Sri Abdul Aziz, the former MAS Managing Director, wrote
on 5 April<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">2012 <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpFirst" style="margin: 0in 0in 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">Currently the staff morale is very low and action should be taken to
improve the situation <span style="background-color: yellow;"><b>quickly. </b> The
membership of the Board and the senior management must be examined and
reconstituted. </span> <b>People with high
integrity, the right knowledge, experience and with the national interest at
heart, should provide the leadership of the organization as soon as possible.<o:p></o:p></b></span></div>
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<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0.0001pt; page-break-after: avoid;">
<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">but
Bernama or Star wrote <o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">Abdul Aziz said it was more appropriate for employees to give full
support to the management for any plans to change its business model as such
plans were necessary to keep MAS in business<b>.<o:p></o:p></b></span></div>
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<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0.0001pt; page-break-after: avoid;">
<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Tan Sri
wrote<o:p></o:p></span></b></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">It should be noted that the current management is now actively engaged
in negotiating the sale of assets in engineering, training etc<b>. It is important that the activities be
<span style="background-color: yellow;">suspended immediately</span> otherwise it will be too late to take remedial
measures. The proposed formation of
joint-venture companies relating to engineering, training etc. should also be
suspended before it is too late.<o:p></o:p></b></span></div>
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<br /></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">But they wrote<o:p></o:p></span></b></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Former MAS chairman Tan Sri Abdul Aziz Abdul Rahman has appealed to the
airline's workers' unions <b style="background-color: yellow;">not to make rash decisions </b>over business plans by its
management to turn around the ailing national carrier.<o:p></o:p></span></div>
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<br /></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Thursday May 17, 2012 <o:p></o:p></span></b></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">Former
MAS chairman asks unions not to make rash decisions<o:p></o:p></span></div>
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<br /></div>
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<a href="http://thestar.com.my/news/story.asp?file=/2012/5/17/nation/20120517173601&sec=nation"><span style="font-family: Arial, sans-serif; font-size: 12pt;">http://thestar.com.my/news/story.asp?file=/2012/5/17/nation/20120517173601&sec=nation</span></a><span style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">KUALA
LUMPUR: <b>Former MAS chairman</b> Tan Sri Abdul Aziz Abdul Rahman has appealed
to<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">the
airline's workers' unions not to make rash decisions over business plans by its
management <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">to turn
around the ailing national carrier.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">At the
same time, he said it was also imperative that cooperation and support from the
airline's <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">20,000
employees be sought and obtained otherwise such plans would fail.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">"But
I would urge all MAS employees to be more patient and not to take hasty actions
that are <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">not
within the law," he said in an interview with Bernama.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">MAS'
share swap agreement with budget airline AirAsia had to be unwound two weeks
ago <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">following
strong resistance from MAS employees' unions.<o:p></o:p></span></div>
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<br /></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Abdul Aziz said it was more
appropriate for employees to give full support to the <o:p></o:p></span></b></div>
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<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">management for any plans to
change its business model as such plans were necessary <o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<b><span style="font-family: Arial, sans-serif; font-size: 12pt;">to keep MAS in business.<o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">"MAS
needs a new business model and any new business model certainly requires other <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">changes
to take place in the process," he said.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">Abdul
Aziz, who helmed MAS for over 20 years from the mid-1970's, said the employees
must <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">also
brace themselves for the Asean Open Skies Policy in 2015 under which all
existing <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">restrictions
for airlines in the region flying into each other's territory would be
dismantled.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">He said
despite the scrapping of the share swap, collaboration between MAS and AirAsia
in <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">other
areas would result in a win-win situation for both if it was carried out in a
rational manner.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">"When
such collaboration runs smoothly, I am confident MAS will once again rise to
become a <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">competitive
and profitable airline," he said.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">On the
larger picture, Abdul Aziz said MAS was set up as a premier full-service
airline right from <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">the
start.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">"Suddenly
10 years, another airline emerged to compete with MAS by offering low
fares," he <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">said
referring to AirAsia.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">"This
itself created a competition. Basically the market in our region is a low-fare
market.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">"So
I think, MAS has no choice but to compete. This means MAS can do both premier
service <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">and
budget airline service and it could succeed in the competition.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; page-break-after: avoid;">
<span style="font-family: Arial, sans-serif; font-size: 12pt;">"We
can learn from AirAsia as well as learning from other budget airlines. MAS has
to compete <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif; font-size: 12pt;">otherwise
it will continue to plunge," he said. - Bernama<o:p></o:p></span></div>
</div>
</div>
</div>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com3tag:blogger.com,1999:blog-5092087588534899823.post-87678777087117604592012-05-11T09:11:00.000-07:002012-05-20T08:43:17.819-07:002001/2003 MAS FLIGHT PLAN THAT NEVER TOOK OFF<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwAoNY8zDdHG6P16iuhXPckLM6tRc0ViaJuZVz0fBESjwBmxX5VtrBxjm8EAuDil6HXThRjENOCl7rHt9tsLRgF3RucfPSSjyrgsNr1Kdu278fNMe8xCrL8r_T_BjQ2ZGLFru4PagPdPo/s1600/MASFltplan.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="611" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwAoNY8zDdHG6P16iuhXPckLM6tRc0ViaJuZVz0fBESjwBmxX5VtrBxjm8EAuDil6HXThRjENOCl7rHt9tsLRgF3RucfPSSjyrgsNr1Kdu278fNMe8xCrL8r_T_BjQ2ZGLFru4PagPdPo/s640/MASFltplan.jpg" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: left;"><div style="text-align: center;">
<span style="background-color: yellow;">2001/2003 MAS FLIGHT PLAN</span></div>
</td></tr>
</tbody></table>
<div style="line-height: 15.75pt; text-align: left;">
<b style="line-height: 15.75pt;"><span style="color: #4f81bd; font-family: Arial, sans-serif; font-size: 13pt;">SHARE SWAP BETWEEN MAS AND AIR-ASIA AND ITS
IMPLICATIONS</span></b></div>
<div style="line-height: 15.75pt;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">By former MAS </span><span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt; line-height: 15.75pt;">Managing Director</span></div>
<div style="line-height: 15.75pt;">
<span style="color: #333333; font-family: Arial, sans-serif;"><span style="font-size: 15px;">5 April 2012</span></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;"></span><br />
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;"></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif;"><span style="font-size: 15px;"><br /></span></span><br />
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">Recently MAS and Air-Asia
entered into an arrangement to swap shares.
In consequence Air-Asia has two representatives on the Board of MAS. Many quarters questioned the move to swap
shares in view of the fact that the arrangement would cause adverse
implications to MAS. </span><br />
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt; line-height: 15.75pt;"><br /></span><br />
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt; line-height: 15.75pt;">Some of the
implications are as follows:-</span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt; line-height: 15.75pt;">(i) The most critical problem facing MAS is the shortage of
funds to finance the purchase of Airbus 380 and B737-800 aircraft. It is alleged that the total amount required
is RM12 billions.</span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">The Government as the major
shareholder has to play a leading role in the process of fund raising. <b>The
current management is proposing to raise funds through the sales of movable
assets in engineering, cargo, training and ground handling.</b> These departments will be under separate
joint-venture companies and MAS will not be in complete control of those
companies. <b>It means that MAS will have to outsource those services.</b> The quality of the total MAS services will be
adversely affected. Employees’ reactions
to the move will affect the operations adversely and it will take a long time
to come back to normal. The image of the
airline, will also be adversely affected in the process.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">(ii) <b>MAS has over the years
developed its Engineering capabilities to a very high level. </b> The facilities and equipment are comparable to
any of the best outfits in the world.
The expertise is also comparable to any other similar organization in
the world.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<b><span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">The current management’s move to sell some of the engineering
assets and to change the management structure is a negative step and should not
be proceeded with.</span></b><span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;"> MAS should be allowed to
continue with its objective of making its engineering capabilities to be of
world class and recognized by the aviation industry world-wide and in the
process engineering will become a major income earner from third party
customers contributing to the profitability of the airline.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">(iii) The share swap between AirAsia and MAS does not give any
advantage to MAS. The modes of
operations of both airlines are different as they are on different business
models. In fact the arrangement is
suicidal to MAS as it has to compete against Air-Asia on the same routes with a
disadvantaged business model. Under the
arrangement, AirAsia operates low fare while MAS operates premier
services. This arrangement is suicidal
for MAS in view of the fact that the markets they are competing in, are low
fare price sensitive markets.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">The solution is for MAS to
provide both premier and low fare services.
This can be done so that MAS can compete against AirAsia fairly. It is a matter of making some adjustments to
the terms and conditions of carriage and making some changes to the operating
procedure. MAS should be able to prevail
in the competition.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">iv) <b>The share swap between
Air-Asia and MAS resulting in the appointments of representatives of Air-Asia
on the Board of MAS was a serious mistake and should be revoked. </b> Air-Asia and MAS are still in competition on
almost all the MAS routes and it is
highly irregular to have the airline’s opponents making strategic decisions for
the company’s own operations. Air-Asia
has under the arrangement agreed to maintain their aircraft at MAS facilities
in consequence of the share swap. This
arrangement is in fact for mutual benefit as Air-Asia is given favourable
rates. Even if there was no share swap,
it would be in the interest of Air-Asia to maintain their aircraft with MAS as
otherwise AirAsia will have to maintain their aircraft with SIA whose rates are
no better than MAS. Without the share
swap the two airlines can still cooperate for mutual benefit.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">(v) The current management has taken steps to move staff from
Area A at Subang Airport to KLIA. The
staff concerned (a fairly large number) are very unhappy as it means that they
have to overhaul everything, moving house to Sepang and this will cause severe
hardship to them.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">It is proposed that such a move
should be stopped. Instead since the
land in Area A is to be used for some purposes, the staff there should instead
be moved to Area B and not to KLIA.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<br /></div>
<div style="line-height: 15.75pt; text-align: justify;">
<b><span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">CONCLUSION:<o:p></o:p></span></b></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">1. In consequence of the move to swap shares between MAS and
Air-Asia, the airlines have to face changes which are affecting MAS adversely
in many aspects. It is recommended that
the arrangement be revoked.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">2. <b>Currently the staff
morale is very low and action should be taken to improve the situation
quickly. The membership of the Board and
the senior management must be examined and reconstituted. People with high integrity, the right
knowledge, experience and with the national interest at heart, should provide
the leadership of the organization as soon as possible.<o:p></o:p></b></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">3. There are many critical issues that need to be solved on an
urgent basis. The most pressing issue is
the financial aspect. The Chairman of
the company said that the company was very sick and needed urgent treatment,
while the Managing Director also said that unless the financial situation was
fixed fast, the company would be bankrupt soon.
It is therefore a serious situation and the government must now be
involved in resolving the problem.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">4. The traffic rights available to the national carrier should
be examined. It appears that some carriers
especially those from the Middle East are enjoying traffic rights at our
expense. <b>They are practising the illegal carriage of 6th Freedom traffic at our
expense</b>. This is a very serious
intrusion into the company’s business opportunity. This issue should be examined fast with the
assistance of the government. In the context of the current competitive
environment, action must be taken fast to conclude effective strategic
alliances with other carriers where relevant.<o:p></o:p></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">5. <b>It should be noted
that the current management is now actively engaged in negotiating the sale of
assets in engineering, training etc. It
is important that the activities be suspended immediately otherwise it will be
too late to take remedial measures. The
proposed formation of joint-venture companies relating to engineering, training
etc. should also be suspended before it is too late.<o:p></o:p></b></span></div>
<div style="line-height: 15.75pt; text-align: justify;">
<span style="color: #333333; font-family: Arial, sans-serif; font-size: 11pt;">END.<o:p></o:p></span></div>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com4tag:blogger.com,1999:blog-5092087588534899823.post-31536356404783844662012-05-08T08:27:00.001-07:002012-05-08T08:30:37.580-07:00Malaysia Airlines 2011 Awards<br />
<div class="MsoNormal">
<b><span lang="EN-GB">Best
Service Brand (MAS China Region)</span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Top
Travel Award Ceremony <o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Best
Airline Station (Hong Kong Station)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Board
of Sabah Tourism <o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Best
Cover in Special Interest / Niche - English Category (Going Places August 2011
Cover - Gold)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">MPA
(Magazine Publishers Association) Awards 2011<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Best
Cover in Special Interest / Niche - English Category (Going Places March 2011
Cover - Bronze)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">MPA
(Magazine Publishers Association) Awards 2011<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">IT
Innovation of The Year 2011 (Joint winners with SITA)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">The
CAPA - Aviation Awards for Excellence 2011<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Asia's
Leading Airline<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">World
Travel Awards (Asia & Australasia) 2011<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Asia's
Leading Airline Lounge<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">World
Travel Awards (Asia & Australasia) 2011<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Global
Leadership Awards 2011 (Firefly)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Aviation
Week's Overhaul & Maintenance Magazine<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Asia's
Best Employer Brand Award 2011<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Employer
Branding Institute, World HRD Congress & Stars of the Industry Group<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Top
Airline Affiliated Maintenance and Repair Organisation (MRO) in the World (MAE)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Aviation
Week's Overhaul & Maintenance Magazine<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Award
of Excellence (Going Places - Magazine Category)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">KL
Mayor Tourism Awards 2011<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Top
10 Airframe MRO in the World (MAE - 3rd Position) <o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Aviation
Week's Overhaul & Maintenance Magazine<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Malaysian
Institute of Directors (MID)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Innovative
Leadership in Globalisation<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Advertising
& Marketing Magazine<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB">Regional
Travel Magazine of the Year (Going Places)<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB"><br /></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB"><span style="color: red;">Malaysia Airlines 2012 Award</span></span></b></div>
<div class="MsoNormal">
<b><span lang="EN-GB"><br /></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
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<div class="MsoNormal">
<br /></div>THE TROUBLESHOOTERShttp://www.blogger.com/profile/04706430509770928988noreply@blogger.com4