Tuesday, July 30, 2013
Tuesday, January 15, 2013
Bank Islam chief economist suspended after predicting opposition
win in upcoming election
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Tuesday, 15 January 2013 16:42
KUALA LUMPUR (Jan 15): Bank Islam Malaysia Bhd has suspended itschief economist Azrul Azwar Ahmad Tajudin from his duties after he predicted the opposition would win in the upcoming general election.
In a text message to theedgemalaysia.com, Azrul Azwar confirmed a report by Political Studies for Change (KPRU – Kajian Politik untuk Perubahan) that he had been suspended from his job and risked losing his position at Bank Islam after predicting the outcome of the next general election in favour of Pakatan Rakyat.
In a statement on Tuesday, KPRU -- an independent think tank -- urged Bank Islam to lift the suspension "to protect the right to freedom of speech of its employees".
Bank Islam, in response to telephone calls from theedgemalaysia.com, said in a brief statement: "Based on the current policy of Bank Islam Malaysia, any staff irrespective of their position, including the management level, whom the bank has reasonable grounds to believe has breached the bank’s internal policy, will be suspended with full pay, to facilitate investigation."
The 13th general election must be called by April this year. Azrul Azwar recently said "there is a high possibility" that the opposition would win the general election at a public forum.
KPRU said in its statement: "Given that Bank Islam has moved away from the opinion expressed by Bank Islam’s chief economist Azrul Azwar, thus the suspension of Azrul is indeed an extreme action." It added that losing Azrul Azwar "will potentially affect the reputation and credibility of Bank Islam as one of the nation's financial institutions."
Azrul Azwar is said to have served as an analyst at Meridian Asset Management, RHB Bank, Malaysia Industrial Development Finance and Islamic Financial Services Board.
Sunday, January 13, 2013
醫院真實的寫真 【沒時間也要看】 向這位醫生致敬
Tuesday, January 8, 2013
Interview Zairil says DAP is trying to “right a wrong”
Politics & Government 2013
Written by Stephanie Sta Maria of fz.com
Tuesday, 08 January 2013 11:39
Zairil, DAP's "token Malay", says the incident has given him faith in DAP
as it puts integrity first
PETALING JAYA (Jan 8): Zairil Khir Johari has taken a stoic stand against the barrage of stinging remarks that have followed his recent - and unexpected - election into the DAP's Central Executive Committee(CEC).
DAP made headlines last week after it revealed that an error in the vote tabulation during last month's party election had placed the wrong person in the top 20 posts.
A vote recount found that Zairil, who was originally placed in 39th position, had in fact garnered enough votes to be elected to the 20th position.
The twist of events led to Zairil replacing Vincent Wu in a move that DAP chairman, Karpal Singh, admitted to be an "embarrassing mistake that should not have happened".
DAP's detractors meanwhile accused the party of staging a political ploy to win back Malay support by including a "token Malay" into the CEC.
A mainstream daily yesterday quoted former DAP vice-chairman, Tunku Abdul Aziz Tunku Ibrahim, as saying that the blunder was an "obvious attempt" by DAP to position itself as a Malay-friendly party.
Zairil, who currently holds the post of Assistant National Publicity Chief, said that DAP had anticipated this response but proceeded with the announcement nevertheless.
"We knew we would be ridiculed if we announced the error but we had no other choice," he told fz.com.. "There was no question about hiding it."
"It's very unfortunate that this has happened and we are trying to right a wrong. But this has also given me faith in the party leadership because although they knew it would make them look bad, they put integrity first."
The fact that Zairil, 30, is the youngest member of DAP's new CEC lineup and a two-year-old party member has made him both "glad and thankful" that he raked in enough votes to sit among the top 20.
"It is an honour," he said.
As to remarks that he is merely a "token Malay" in DAP, Zairil pointed out that if that were true then he wouldn't have been given the powers that he holds including that of press secretary to DAP Secretary-General and Penang Chief Minister, Lim Guan Eng.
"I have been given so many tasks and responsibilities, and you don't give that to people who are just token lah," he said.
"You give that to people who can work and I think I have proven myself in my work through the Penang Institute and party."
In the same manner that he brushed off the "token Malay" jibe, Zairil also refused to be provoked by the insinuation that he is not Malay by birth.
Two local dailies today referred to him as "Zairil Abdullah" in reference to old speculation that he is the stepson of former Education Minister, Tan Sri Mohd. Khir Johari.
"That is obviously not my name," he stated. "They are trying to malign me. That's all that I have to say about it."
Sunday, January 6, 2013
Lim: We cannot have 'one country, two tax systems'
Business & Markets 2013
Written by Chittesh Shukla of theedgemalaysia.com
Monday, 07 January 2013 15:11
KUALA LUMPUR (Dec 7): The Democratic Action Party (DAP) is urging the federal government to avoid practising double standards by implementing a flat tax rate of 15% under the Returning Experts
Programme (REP) and in Iskandar Malaysia, but not for local experts with similar skill sets.
"BN is showcasing a double standard by discriminating against local experts who choose to remain in Malaysia rather than seek greener pastures overseas. The important question raised is why local experts
working in Malaysia are not accorded similar recognition for their commitment to their country," DAP secretary-general Lim Guan Eng said on Monday.
The objective of the REP was to encourage Malaysian experts working overseas to return to Malaysia by offering various incentives, including a flat income tax rate of 15% for five years.
According to Lim, similar double standards apply for experts and professionals working in Iskandar Malaysia, who enjoy the same flat income tax rate of 15%.
"Justice, fair play and a level playing field demands that this income tax rate be applied equally to all experts and professionals throughout Malaysia. We cannot have 'one country, two tax systems' which will make a mockery of the 1Malaysia concept!" he added.
"Should BN refuse to do so, Pakatan Raykat (PR) will implement this fair measure when PR wins Putrajaya to attract and retain human talent by adopting a flat 15% personal income tax rate for all experts whether returning to or already in Malaysia," Lim concluded.
Friday, December 28, 2012
China launches own global GPS system to rival US
Business & Markets 2012
Written by AFP
Friday, 28 December 2012 16:14
BEIJING (Dec 28): China has launched commercial and public services across the Asia-Pacific region on its domestic satellite navigation network built to rival the US global positioning system (GPS).
The Beidou, or compass, system started providing services to civilians in the region on Thursday and is expected to provide global coverage by 2020, state media reported.
Ran Chengqi, spokesman for the China Satellite Navigation Office said the system's performance was "comparable" to GPS, the China Daily said.
"Signals from Beidou can be received in countries such as Australia," he said.
It is the latest accomplishment in space TECHNOLOGY  for China, which aims to build a space station by the end of the decade and eventually send a manned mission to the moon.
China sees the multi-billion-dollar programme as a symbol of its rising global stature, growing technical expertise, and the Communist Party's success in turning around the fortunes of the once poverty-stricken nation.
The Beidou system comprises 16 navigation satellites and four experimental satellites, the paper said. Ran added that the system would ultimately provide global navigation, positioning and timing services.
The start of commercial services comes a year after Beidou began a limited positioning service for China and adjacent areas.China began building the network in 2000 to avoid relying on GPS.
"Having a satellite navigation system is of great strategic significance," the Global Times newspaper, which has links to the Communist Party, said in an editorial.
"China has a large market, where the Beidou system can benefit both the military and civilians," the paper said.
"With increases in profit, the Beidou system will be able to eventually develop into a global navigation satellite system which can compete with GPS."
In a separate report, the paper said satellite navigation was seen as one of China's "strategic emerging industries".
Sun Jiadong, the system's chief engineer, told the 21st century Business Herald newspaper that as Beidou matures it will erode GPS's current 95% market share in China, the Global Times said.
Morris Jones, an independent space analyst based in Sydney, Australia, said that making significant inroads into that dominance anywhere outside China is unlikely.
"GPS is freely available, highly accessed and is well-known and trusted by the world at large," he told AFP. "It has brand recognition and has successfully fought off other challenges."
Morris described any commercial benefits China gains as "icing on the cake" and that the main reason for developing Beidou is to protect its own national security given the possibility US-controlled GPS could be cut off.
"It's that possibility, that they could be denied access to GPS, that inspires other nations to develop their own system that would be free of control by the United States," he said.