IPF suspends its Deputy and Vice President

/* November 13th, 2008 by poobalan | View blog reactions 8 comments »
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I heard the temporary (?) president Puan Sri Jayashree saying that “I have sent them a letter, they can appeal. They have 14 days..” or something like that. Sounds very much like Samy Vellu especially the “I” part.

Deputy and Vice suspended. Youth chief declared bankrupt, so asked to resign. What is happening to IPF?

IPF president Puan Sri Jayashree Pandithan said deputy president V. Senggutuan and vice-president M. Mathyalagan had been suspended for three months effective Nov 10.

Youth chief R. Ravi Shanker, meanwhile, has been ordered to resign from his positions in IPF after it was discovered and confirmed by the Insolvency Department that he had been declared bankrupt.

Jayashree said at Wisma IPF here yesterday that the party had issued letters to all three notifying them of their positions, which were decided during a party disciplinary committee meeting chaired by deputy president K. Murugiah on Nov 2.

She said Senggutuan was suspended as he had illegally chaired a supreme council meeting on Oct 12. Show-cause letters were also issued to council members who participated in the meeting.

Jayashree, who took over the presidency after the death of her husband and former president Tan Sri M.G. Pandithan in May, said she had cancelled the Oct 12 meeting at the last minute as several senior officials including herself were down with food poisoning.

Mathyalagan was suspended for issuing statements contradictory to the party stance, which Jayashree said were intended to create uncertainty within the party.

Ravi Shanker, on the other hand, has been given two weeks from Monday to comply with the resignation order, failing which his membership will be revoked automatically, she said.

“I must stress that these actions are taken as a disciplinary matter to safeguard our party from being misled by irresponsible parties,” Jayashree said.

On an earlier allegation by Senggutuan that she had used party funds, she said: “I assure you that ever since I took over in May until now, the accounts are in order and they are very transparent.

“Any problems (in the accounts) happened before I took over and it was Senggutuan who was handling the accounts at the time. So, he should be answerable for it.”

Jayashree also clarified that Wisma IPF is registered under the party’s name and not hers.

“We will have a supreme council meeting (on Nov 23) where our legal adviser, Selvam Shanmugam, will give all the details regarding the (status of the) building.”

30 percent Bumiputra ruling relaxed

/* November 13th, 2008 by poobalan | View blog reactions No comments »
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A bit of good news in that the ruling of needing to have 30 percent equity for those planning to list in Bursa Malaysia has been relaxed. The company must show proof that the allocation was not fully subscribed after two levels of offering exclusive to bumiputras. After that, it can be opened to general public (which of course include the bumiputras as well).

Companies seeking listing on Bursa Malaysia can now open their shares to the public if all efforts to get the 30% bumiputra equity participation fails.

Finance Minister Datuk Seri Najib Tun Razak said while the 30% bumiputra equity participation policy was being maintained, the shares could be offered to the public through the initial public offering (IPO) balloting process, should they not be fully subscribed.

“There is a change in the way it (the policy) is being implemented,” he told reporters after a briefing by the Securities Commission (SC) here yesterday.

“This is part of our efforts to make our capital markets more competitive.”

He said there would now be two tiers for bumiputras to acquire their 30% equity.

The first tier was through International Trade and Industry Ministry-approved bumiputra institutions and the second would be the bumiputra public.

If the 30% equity was still not taken up, it would be opened to others.

“In the event the allocation is not fully subscribed by the bumi public as well, then the company concerned would be deemed to have fulfilled the 30% bumiputra NDP (National Development Policy) requirement,” he said.

“So this takes out the element of uncertainty.”

When asked if this would jeopardise the bumiputra equity in the long run, Najib replied:

“I don’t think so. Actually, this will allow bumi individuals to participate as well.”

Penang Tennis tragedy

/* November 13th, 2008 by poobalan | View blog reactions No comments »
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I still can’t believe that they allowed a field at historical site to be tarred and turned into temporary tennis court. Since Arianna Teoh’s company couldn’t fork out the money (as claimed by the foreign company), the star tennis players won’t be coming it seems. So, now the company is facing loss of millions AND expected to restore the field. A bailout in the happening?

Worse still, the bank guarantee of RM2 million was waived and rental fee of RM200k was not paid to MPPP.

Endorse also, use common sense a bit la! Cannot be naive like this!

The seats are up, the court is ready, but with the Kings of Tennis event, scheduled to be held at Esplanade here scrapped, organisers are looking at massive losses estimated at RM17.5mil (US$5mil).

The grass on the field near the historical Fort Cornwallis was dug up and the surface tarred before the tennis court was laid. Now, the organisers have to return the field to its original condition.

The three-day tournament was scheduled to start tomorrow and feature former world number one players like Pete Sampras, Mats Wilander, John McEnroe and Bjorn Borg.

However, the Swedish-based producers decided not to send the players to Penang after the local organisers allegedly failed to pay the promised funds.

Yesterday, the makeshift ticketing booth outside the Penang City Hall building remained closed while construction work had stopped.

State Tourism Development, Culture, Arts and Heritage Committee chairman Danny Law Heng Kiang expressed regret that the event had been cancelled.

“Tournament organising chairman Arianna Teoh called me on Tuesday night and insisted that the event would go on. But I am resigned to the fact that the international players will not be coming to Penang.

“The state government should not be held responsible for the cancellation as we only endorsed the huge project, and were not partners in organising it. The initiative was taken by a private organisation, with the state authorities only helping them get the venue,” said Law.

He revealed that the state had waived the RM2mil bank guarantee needed for the organisers to set up the structures at the Esplanade Heritage Site. A check with the Penang Municipal Council (MPPP) office also revealed that the RM200,000 rental for the usage of the Esplanade field has not been paid.

Law said the council would get tough on the organisers if they failed to keep their agreement to restore the venue to its original condition after the structures are brought down.

“Even with the cancellation, the organisers are responsible for the restoration of the field. If they don’t comply, action will be taken against them.

“The Kings of Tennis event is a good lesson for the Penang government to be more careful and we will not simply endorse future projects in the state,” added Law.

Meanwhile, Gerakan Youth Tanjung Division chief H’ng Khoon Leng, who visited the venue, hit out at the state government for not checking the organisers’ background before endorsing the project.

“It is a big embarrassment. I am also shocked that the MPPP allowed the organisers to destroy the field at the heritage site to put up the venue,” said H’ng.

Teoh, a former Miss Malaysia, could not be reached for comment.

Anyone can be PM says Mahathir

/* November 12th, 2008 by poobalan | View blog reactions No comments »
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Well, we have to agree that anyone can be a PM because Mahathir himself is a living proof. In fact, I have mentioned that all our PMs are of mixed ancestry. None of them are actually pure Malay (if got such a thing).

But he is smart enough to highlight that the person must command the majority of the house (Dewan Rakyat). In current scenario, its only UMNO because they conquered most of the seats. So, in order to change the PM, another party must take over. For sure MIC, MCA, etc. are out of the question. In fact any other BN coalition member cannot be considered because among them, UMNO stands in most seats. So, that leaves us with the opposition coalition – which because it consists of only 3 parties – are quiet evenly represented. Thus any leader from PKR, DAP or PAS can be Prime Minister if they win the next elections or manage to command majority support from current MPs.

Thus it is clear that under BN, a non-Muslim can never be a PM unless UMNO changes its membership rule.

Under PR, PAS has firmly said that it would only support a Muslim Malay for PM post if the PR takes over the government. Thus, its very difficult for PKR and DAP to go for it by themselves and take over the government.

So, when can we see a change? When the rakyat can accept the idea. We cannot depend on politicians because once they sense the rakyat are changing, these politicians will do anything and everything to cling on to their powers.

It does not matter if the Prime Minister is Malay or non-Malay, as long as he enjoys the trust of all Malaysians.

Former Prime Minister Tun Dr Mahathir Mohamad said there was no
specification in the country that a Prime Minister must be a Malay.

“But when you talk about having a non-Malay as a PM, you are being
racist yourself because you shouldn’t ask the question if one is Malay
or non-Malay.

“If he is acceptable to all Malaysians, yes, he
can become PM. The specification is that he must be the leader of a
majority party and if he can be such a leader of that majority party.
Don’t ask if he is Malay, Chinese or Indians,” he told reporters after
delivering a keynote address on “Bangsa Malaysia” at the Perdana
Leadership Foundation on Wednesday.

PM praised Murugiah

/* November 12th, 2008 by poobalan | View blog reactions 1 comment »
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Even though he was called a school boy, and being investigated by his own party president, Murugiah still maintain his cool. I guess he thinks that Kayveas’ days are numbered.

Murugiah also checkmates future attacking moves by announcing that PM Badawi himself praised him. So Kayveas, Saravanan, Syed Hamid etc. can keep their less-than-smart and annoying comments to themselves. Only that there’s a small matter of getting endorsement from PM-in-waiting.

Deputy Minister in Prime Minister’s Department Senator T. Murugiah,
whose aggressiveness in overseeing the Public Complaints Bureau has
landed him in trouble with his party boss, claims he has been praised
by the Prime Minister.Murugiah, who is the PPP Youth chief,
said he recently received a call from Datuk Seri Abdullah Ahmad Badawi
to see him in Parliament.

“I was on medical leave then. When I
met him, he praised me and said I was doing a good job (with the
bureau). What more do you want?” he told reporters after chairing a
meeting between residents in Kg Pandan and City Hall authorities at his
office yesterday.

Adding
that he had “no issue” with Kayveas, Murugiah said he had met the
latter on Monday and that “he had then said nothing about the letter”
to him.

“I have my job to do and I don’t have a choice about
this. He (Kayveas) is my boss and mentor, and he groomed me. I am
always grateful to him,” he said.