Wednesday, January 30, 2008
Saturday, November 24, 2007
Monday, November 12, 2007
Leaving On A Jet Plane ...
While
By Michael Backman
The Age
November 15, 2006
It's a tough world out there and there can be little sympathy for a country that prefers to argue about how to divide wealth rather than get on with the job of creating it. The long-held aim is for 30 per cent of corporate equity to be in Malay hands, but the figure that the Government uses to justify handing over huge swathes of public companies to Malays but not to other races is absurd. It bases its figure on equity valued, not at market value, but at par value.
Many shares have a par value of say $1 but a market value of $12. And so the Government figure (18.9 per cent is the most recent figure) is a gross underestimate. Last month a paper by a researcher at a local think-tank came up with a figure of 45 per cent based on actual stock prices. All hell broke loose. The paper was withdrawn and the researcher resigned in protest. Part of the problem is that he is Chinese.
"
This all happens in the context of
As if to make this point, a recent episode of The Simpsons features a newsreader trying to announce that a tidal wave had hit some place called
Petronas, the national oil company is well run, particularly when compared to the disaster that passes for a national oil company in neighbouring
Malaysians are very proud of these towers. Goodness knows why. They had little to do with them. The money for them came out of the ground and the engineering was contracted out to South Korean companies. They don't even run the shopping centre that's beneath them. That's handled by
Next year, a Malaysian astronaut will go into space aboard a Russian rocket — the first Malay in space. And the cost? $RM95 million ($A34.3 million), to be footed by Malaysian taxpayers. The Science and Technology Minister has said that a moon landing in 2020 is the next target, aboard a
Bank bale outs, a formula one racing track, an entire new capital city — Petronas has paid for them all. It's been an orgy of nonsense that
It is time to move on, time to prepare the economy for life after oil. But, like Nero fiddling while Rome burned, the Malaysian Government is more interested in stunts like sending a Malaysian into space when Malaysia's inadequate schools could have done with the cash, and arguing about wealth distribution using transparently ridiculous statistics.
That's not
www.michaelbackman.com
ends
Well .. what else I can say anymore .. Malaysians really need to open up their eyes .. to read and to see whats really happening around them .. Nuff said !!
Capitalism
HHmmm .. What does it mean by DiRaja Malaysia ? Aren't they supposed to be a peace keeper for the country .. Acting as an enforcer to safe guard the citizens of Malaysia ? But why are they acting behalf of the government instead ? Aren't they supposed to be dutiful to the King, Yang Dipertuan Agong ? I'm not too sure myself too ..
My colleague and me being extremely busybody at that moment .. both of us keeps on texting to our contacts who is participating in the rally. HEHEHE !! .. Oh !! Yes .. he showed me his latest album front cover of his album .. but its kinda provoking ..

See what I mean ? ..
Friday, November 2, 2007
1947 .. 10 years before Merdeka. "Missing Chapter" in Malaysia's History
During my spare time, I enjoy chatting up with my colleague because we can share almost everything in many kinds of view towards music, political issues, recent agenda, theology and a lot more .. Well, I would like to apologize for a no post blog for such a long long time .. Gosh !! What happened to me .. Few months back, he was telling me a guy name Fahmi Reza, he is going to do a short documentary film regarding our beloved country Malaysia.
At first I was a little sceptic about the whole thing. 10 years before Merdeka? Well .. don't be .. Enjoy the short-filmed style documentary with some nice cool ol'skool punk like SexPistols background soundtrack .. Oi !! Oi !! Oi !!
http://10tahun.blip.tv/
Tuesday, July 31, 2007
My !! My !!
Monday, July 9, 2007
Blunder !!
** sigh .. what a day I had been thru this morning. I stayed over in my girl’s place last night and I left my bike’s key at my home, GOSH !! what a dreadful things to happen. Rush back home to take the bike key and sling shot back to her home to take my bike. Arrghh ..Blunder !! a real self made blunder.
I was listening to KissFM Transition this morning, getting myself upbeat to the music been played. Oh !! it was Nathan Fake’s Outhouse .. Grooving to the music, browsed my MSN lists of friends .. I spotted Ash .. the last time I met him was about 2 months back, having lunch together in SS14. Chowing down some heart attack food “bak kut teh”. Hehehe .. BG Karwai, me, Ash and Gary. Surprisingly Gary said he is full b’cos he just had a late brunch. How could he resist “bak kut teh”? Yum !! Yum !!
Speaking about having a good food, YAY !! I’m going to Penang later in the evening. Even by now I’m already having the imagination of myself eating assam laksa, fried chicken skin, nasi kandar “line clear”, the mixed pork porridge .. FuuhhHH .. yummy yum yum ..
Shoots !! something wrong with my CD-Rom, the CD won’t play. Why ? Why ? It’s Trisco’s Muzak !! I'm only halfway listening to it .. Damn !! by the way it’s a Excessive Record’s CD, Deep Down mixed by Burger and
Callen. I just love those tracks mixed by Burger, actually he is one of my fav DJs in Malaysia. Support your local DJs !! eHH .. isn’t J Lo always say that on Hitz.FM “Support your local football” =) he is a maestro of his own, compare him to Ben Katana both is equal but Burger is a lil’ more edgy and technical wise ..
WOW !! you gotta listen to his live set. Ben’s cutting edge techno is not something that you can expect from any others local Djs in Malaysia. He is bold and ruthless .. yup !! that’s the proper word for his styles of spinning. Expect the unexpected from both of them. Their creativeness is just .. I’m speechless .. both duo formed a formidable collective name POPCORN. Hehehe .. what a name eH?ArrggHHH !! my CD-Rom still not working !! @#*^(":}{}!^&^ !!!
Sshhh .. gotta go .. my boss is grunting already .. I almost used half of my working day just sitting in front of this PC. Hehehe .. “curi tulang” a bit le .. =)
Sshhh ..
oh ! boy ! oh ! boy ! I’m off to Penang soon .. hehehe .. happy trip for me ya .. **wink ;)




