Sunday, 28 May 2017

BUKIT LANJAN: Stop blabbering, get down to work, what’s there to be proud of Proton?


BUKIT LANJAN: Stop blabbering, get down to work, what’s there to be proud of Proton?

It looks like it is still business as usual at Proton led by DRB-Hicom Bhd group managing director Syed Faisal Albar.

Instead of getting down to work to clean up its own house, Syed Faisal continues to syiok sendiri (self glorifying), blabbering away that “Proton is still a national brand” despite the selling of a 49.9% stake of Proton Holdings Bhd to a China-based company.


“Really, what is Syed Faisal so proud of? From a 100% Malaysian-owned outfit, Proton is now set (pending the inking of the sale) to become a joint-venture (JV) with China’s Zhejiang Geely Holding Group Co.

“What Malaysian national brand is Syed Faisal blabbering about? Jangan syiok sendiri,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said.

He said it would do well for Syed Faisal to remain humble and “get down to work to help clean up the Proton house to save the JV”.

Read these two previous postings for context: http://bukitlanjan.blogspot.my/2017/05/bukit-lanjan-yes-end-bailouts-for-proton.html and http://bukitlanjan.blogspot.my/2017/05/bukit-lanjan-sale-of-proton-blessing-in.html

“Syed Faisal, blabbering and syiok sendiri will get you and the JV nowhere. And I am pretty sure Geely is not prepared to accept your syiok sendiri antics and bragging,” he added.


Syed Razak, who is Gerakan’s nominee to contest N.37 Bukit Lanjan in the coming 14th General Election (GE14), said “it is without doubt that Geely will naturally overhaul the JV management to make it lean and highly competent and productive”.

“It will also likely want to get rid of the excess baggage and unproductive staff, senior officials and sub-standard contractors and suppliers.” he added.

“So, Syed Faisal, get down to real hard work and earn your keep. Help identify the productive staff, get rid of the real excess garbage to ensure the success of the JV or Proton,” Syed Razak said.

Here’s what The Star Online posted and another related story by online news portal Free Malaysia Today for you to chew on:

"Nation

Home > News > Nation

Sunday, 28 May 2017


MD: Proton is still a national brand
BY HEMANANTHANI SIVANANDAM

PETALING JAYA: The selling of a 49.9% stake of Proton Holdings Bhd to a China-based company does not equate to a sell-out, said DRB-Hicom Bhd group managing director Datuk Seri Syed Faisal Albar.

The sale of the stake to Zhejiang Geely Holding Group Co should not be seen as that because Proton is a private entity, he said.

The acquisition of Proton by DRB-Hicom in 2012 from Khazanah Nasional Bhd, said Syed Faisal, was an “outright purchase”, and the “golden share” of the Government was removed then.

“Yes, Proton is the first national car brand by virtue of it being the first car marque that Malaysia produced back in 1985.

“By the same token, DRB-Hicom retaining 50.1% equity means that we still own the majority stake and the brand remains a national brand, a national car.

“But inviting Geely Holding to take up a 49.9% stake in Proton does not equate to us selling out,” said Syed Faisal in a recent question-and-answer session.

On Wednesday, DRB-Hicom said it had reached an agreement for the sale of the stake.

Both DRB-Hicom and Geely are expected to sign a definitive agreement in July.

Geely Holding, which already owns the Volvo brand and The London Taxi Company, would be expanding its reach into the South-East Asia region through Proton.

Syed Faisal said it took more than a year with “thorough analysis, site visits and detailed evaluation criteria” to look for a foreign strategic partner (FSP) that was best suited for Proton.

“In short, we needed to find a partner that understood what we wanted and what we needed, and was willing to take the journey with us towards our goals and aspirations.

“Pound for pound, Geely Holding was the best suitor,” he added.

Syed Faisal said Geely Holding made the best partner for Proton as the former has agreed to retain the national carmaker’s nameplate and aims to reclaim the number one spot in the country.

Syed Faisal said retaining the brand and wanting to be number one in the country were important considerations as Proton is a national car.

He said Geely Holding embraces the requirement, similarly to how it respected the Swedish aspiration when it bought over Volvo.

“In order to move fast into the market, part of the agreement is to inject a sports utility vehicle (SUV) platform into Proton and Geely Holding offered its best-selling SUV to us without batting an eyelid.

“This will enable Proton to enter a new segment, and a segment that has grown tremendously over the past years,” he added.

Other reasons include the commitment to grow Proton beyond Ma laysia, Proton becoming the right-hand drive manufacturing hub for Geely branded cars, Volvo cars being assembled at Proton’s Tanjung Malim plant, and Geely’s proven success in turnaround of auto companies, among others.
"


"Johari: Geely has saved Proton from ending up like Perwaja

FMT Reporters

| May 28, 2017

The second finance minister says China’s Zhejiang Geely which has agreed to buy a stake in Proton will be a suitable partner to develop the national car further.

PETALING JAYA: Second Finance Minister Johari Abdul Ghani has defended the new partnership between DRB-Hicom Bhd and China’s Zhejiang Geely Holding Group over Proton, calling it a strategic cooperation to prevent the national car from meeting the same fate as collapsed steel manufacturer Perwaja.

He said the government had tried to develop the iron and steel industries through Perwaja Holdings Bhd but the company ceased operating due to management problems in the 1990s.

“The government did a lot to help but Perwaja eventually closed shop. Many workers lost their jobs there as the factory was no longer operational,” he said.

“We certainly do not want the same for Proton. I want to stress that we do not want its fate to be that of Perwaja’s,” he added.

He said he understood the sentiments of former prime minister Dr Mahathir Mohamad who expressed disappointment at Proton’s partial takeover by Zhejiang Geely, but added that the Chinese company was now an important strategic partner that could advance Proton’s stature.

On May 25, Mahathir bemoaned the agreement for a 49.9% sale of Proton Holdings Bhd to Zhejiang Geely the day before. Zhejiang Geely also agreed to buy a 51% stake in Lotus Cars from DRB-Hicom.

Mahathir said the sale of Proton, which he described as a national icon, was but the beginning of many Malaysian assets, including land, being sold off to foreigners.

Johari however questioned why critics of the deal were not proud of Proton.

“In my opinion all parties should support the cooperation because Geely has saved Proton from becoming another Perwaja,” he said.

In an interview published in Utusan Malaysia today, he said there would be a great deal of difficulty if such a situation arose and more workers lost their jobs.

Proton, which was set up in 1983 as the country’s first national automobile company, has been riddled with financial problems over the last few years despite benefiting from government aid.

In 2001, Proton commanded as much as 53% of the local market share but this plunged to 14% last year as more buyers opted for imported cars as complaints on the quality of Proton cars prevailed.

Johari said under the current scenario 50.1% of Proton’s ownership was in Malaysian hands. He also asked what was wrong if the company succeeded in thriving at the international level with such an arrangement.

He said if Perusahaan Otomobil Kedua Sendirian Berhad, which manufactures Perodua vehicles, could collaborate with Japanese company Daihatsu Motor Co Ltd, there was no reason why Proton could not do the same with Zhejiang Geely.

“This is a normal practice in business,” he said.

He also gave his assurance that the Proton name would be maintained, as has been stipulated in the agreement between DRB-Hicom and Zhejiang Geely.

“This was among the points of the agreement. Furthermore, DRB-Hicom is the majority shareholder and has deciding power in the relationship,” he said.

Perwaja was formed in 1982 during Mahathir’s tenure as prime minister with a paid-up capital of RM250 million. However, by the end of 1986 it had raked up losses of up to RM131 million, reportedly due to management problems and the appreciation of the yen.

The company was later revived but was forced to shut down its factory operations in Kemaman, laying off 1,500 workers in the process, in 2013.
"

N.37 LET BUKIT LANJAN SOAR WITH SYED ABDUL RAZAK ALSAGOFF

Saturday, 27 May 2017

BUKIT LANJAN: Sale of Proton a blessing in disguise


BUKIT LANJAN: Sale of Proton a blessing in disguise



The sale of Proton to China’s Geely is not only timely, it is also a blessing in disguise.


The Internal Combustion Engine (ICE)-powered cars are set to become obsolete, meaning it is a sunset industry.

A US report from a Stanford economist even boldly claimed that petrol cars are set to vanish in eight years!

“So, the sale of Proton to Geely, China’s automaker, is not only wise and cutting losses, the current federal government is also thinking out of the box to save Proton from total loss,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said.

He said, after 34 years since the birth of Proton, it was crystal clear that Proton cannot survive in the hugely competitive global car industry. (Read this for context: http://bukitlanjan.blogspot.my/2017/05/bukit-lanjan-yes-end-bailouts-for-proton.html)

“Proton just don’t have the technology and economies of scale to survive. Proton not only needs cash injection, it needs Geely to inject technology to make Proton competitive,” he added.


Will this even render electric cars obsolete?

Syed Razak, who is Gerakan’s nominee to contest N.37 Bukit Lanjan in the coming 14th General Election (GE14), said: “Given Proton’s current business status, it is considered very lucky for it to even find a buyer.

“Proton is an ICE dinosaur. Not only is it decades behind auto technology, it does not even have the basic sales to keep it afloat. Enough of bailouts from Malaysians,” he added.

He said the future was in electric cars but that too could be rendered obsolete should Japan’s hydro-powered cars become commercially viable and practical.

“Imagine what will happen to ICE cars when motorists go electric or hydro, that is air and water-powered cars,” he said, adding that Tesla is also set to revolutionise and dominate the world auto industry. (Watch the above attached video clip and be mesmerised.)

Here’s the US report from a Stanford economist:

"Petrol cars will vanish in 8 years, says US report from Stanford economist

May 15 2017 at 11:08 AM


A Tesla Model S, which has 18 moving parts, one hundred times fewer than a combustion engine car. "Maintenance is essentially zero," says Stanford University economist Tony Seba. "That is why Tesla is offering infinite-mile warranties. You can drive it to the moon and back and they will still warranty it."
No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we have known it for a century.

This is the futuristic forecast by Stanford University economist Tony Seba. The professor's report, with the deceptively bland title Rethinking Transportation 2020-2030, has gone viral in green circles and is causing spasms of anxiety in the established industries.

Mr Seba's premise is that people will stop driving altogether. They will switch en masse to self-drive electric vehicles (EVs) that are 10 times cheaper to run than fossil-based cars, with a near-zero marginal cost of fuel and an expected lifespan of 1 million miles (1.6 million kilometres).

Only nostalgics will cling to the old habit of car ownership. The rest will adapt to vehicles on demand. It will become harder to find a petrol station, spares, or anybody to fix the 2000 moving parts that bedevil the internal combustion engine. Dealers will disappear by 2024.

Cities will ban human drivers once the data confirms how dangerous they can be behind a wheel. This will spread to suburbs, and then beyond. There will be a "mass stranding of existing vehicles". The value of second-hard cars will plunge. You will have to pay to dispose of your old vehicle.

It is a twin "death spiral" for big oil and big autos, with ugly implications for some big companies on the London Stock Exchange unless they adapt in time.

The long-term price of crude will fall to $US25 a barrel. Most forms of shale and deep-water drilling will no longer be viable. Assets will be stranded. Scotland will forfeit any North Sea bonanza. Russia, Saudi Arabia, Nigeria, and Venezuela will be in trouble.

It is an existential threat to Ford, General Motors, and the German car industry. They will face a choice between manufacturing EVs in a brutal low-profit market, or reinventing themselves a self-drive service companies, variants of Uber and Lyft.

They are in the wrong business. The next generation of cars will be "computers on wheels". Google, Apple, and Foxconn have the disruptive edge, and are going in for the kill. Silicon Valley is where the auto action is, not Detroit, Wolfsburg, or Toyota City.

The shift, according to Mr Seba, is driven by technology, not climate policies. Market forces are bringing it about with a speed and ferocity that governments could never hope to achieve.

"We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history," Mr Seba said. "Internal combustion engine vehicles will enter a vicious cycle of increasing costs."

The "tipping point" will arrive over the next two to three years as EV battery ranges surpass 200 miles and electric car prices in the US drop to $US30,000 ($40,600). By 2022, the low-end models will be down to $US20,000. After that, the avalanche will sweep all before it.

"What the cost curve says is that by 2025 all new vehicles will be electric, all new buses, all new cars, all new tractors, all new vans, anything that moves on wheels will be electric, globally," Mr Seba said.

"Global oil demand will peak at 100 million barrels per day by 2020, dropping to 70 million by 2030." There will be oil demand for use in the chemical industries, and for aviation, though Nasa and Boeing are working on hybrid-electric aircraft for short-haul passenger flights.

Mr Seba said the residual stock of fossil-based vehicles will take time to clear, but 95 per cent of the miles driven by 2030 in the US will be in autonomous EVs for reasons of costs, convenience, and efficiency. Oil use for road transport will crash from 8 million barrels a day to 1 million.

Insurance costs to fall by 90 per cent

The cost per mile for EVs will be 6.8 cents, rendering petrol cars obsolete. Insurance costs will fall by 90 per cent. The average American household will save $US5600 per year by making the switch. The US government will lose $50 billion a year in fuel taxes. Britain's exchequer will be hit at the same rate.

"Our research and modelling indicate that the $10 trillion annual revenues in the existing vehicle and oil supply chains will shrink dramatically," Mr Seba said.

"Certain high-cost countries, companies, and fields will see their oil production entirely wiped out. Exxon-Mobil, Shell and BP could see 40 per cent to 50 per cent of their assets become stranded," the report said.

These are all large claims, though familiar those on the cutting edge of energy technology. While the professor's timing may be off by a few years, there is little doubt about the general direction.

India is drawing up plans to phase out all petrol and diesel cars by 2032, leap-frogging China in an electrification race across Asia. The brains trust of Prime Minister Narendra Modi has called for a mix of subsidies, car-pooling, and caps on fossil-based cars. The goal is to cut pollution and break reliance on imported oil, but markets will pick up the baton quickly once the process starts.

China is moving in parallel, pushing for 7 million electric vehicles by 2025, enforced by a minimum quota for "new energy" vehicles that shifts the burden for the switch onto manufacturers. "The trend is irreversible," said Wang Chuanfu, head of the Chinese electric car producer BYD, backed by Warren Buffett's Berkshire Hathaway.

At the same time, global shipping rules are clamping down on dirty high-sulphur oil used in the cargo trade, a move that may lead to widespread use of liquefied natural gas for ship fuel.

This is all happening much faster than Saudi Arabia and Opec had assumed. The cartel's World Oil Outlook last year dismissed electric vehicles as a fringe curiosity that would make little difference to ever-rising global demand for oil.

It predicted a jump in crude consumption by a further 16.4 million barrels a day to 109 million by 2040, with India increasingly taking over from China as growing market. The cartel said fossils will still make up 77 per cent of global energy use, much like today. It implicitly treated the Paris agreement on climate targets as empty rhetoric.

Whether Opec believes its own claims is doubtful. Saudi Arabia's actions suggest otherwise. The kingdom is hedging its bets by selling off chunks of the state oil giant Saudi Aramco to fund diversification away from oil.

Opec, Russia, and the oil-exporting states are now caught in a squeeze and will probably be forced to extend output caps into 2018 to stop prices falling. Shale fracking in the US is now so efficient, and rebounding so fast, that it may cap oil prices in a range of $US45 to $US55 until the end of the decade. By then the historic window will be closing.

Experts will argue over Mr Seba's claims. His broad point is that multiple technological trends are combining in a perfect storm. The simplicity of the EV model is breath-taking. The Tesla S has 18 moving parts, one hundred times fewer than a combustion engine car. "Maintenance is essentially zero. That is why Tesla is offering infinite-mile warranties. You can drive it to the moon and back and they will still warranty it," Mr Seba said.

Self-drive "vehicles on demand" will be running at much higher levels of daily use than today's cars and will last for 500,000 to 1 million miles each.

It has long been known that EVs are four times more efficient than petrol or diesel cars, which lose 80 per cent of their power in heat. What changes the equation is the advent of EV models with the acceleration and performance of a Lamborghini costing five or 10 times less to buy, and at least 10 times less to run.

"The electric drive-train is so much more powerful. The gasoline and diesel cars cannot possibly compete," Mr Seba said. The parallel is what happened to film cameras - and to Kodak - once digital rivals hit the market. It was swift and brutal. "You can't compete with zero marginal costs," he said.

The effect is not confined to cars. Trucks will switch in tandem. Over 70 per cent of US haulage routes are already within battery range, and batteries are getting better each year.

EVs will increase US electricity demand by 18 per cent, but that does not imply the need for more capacity. They will draw power at times of peak supply and release it during peak demand. They are themselves a storage reservoir, helping to smooth the effects of intermittent solar and wind, and to absorb excess base-load from power plants.

Mark Carney, the Governor of the Bank England and chairman of Basel's Financial Stability Board, has repeatedly warned that fossil energy companies are booking assets that can never be burnt under the Paris agreement.

He pointed out last year that it took only a small shift in global demand for coal to bankrupt three of the four largest coal-mining companies in short order. Other seemingly entrenched sectors could be just as vulnerable. He warned of a "Minsky moment", if we do not prepare in time, where the energy revolution moves so fast that it precipitates a global financial crisis.

The crunch may be coming even sooner than he thought. The Basel Board may have to add the car industry to the mix. There will be losers. Whole countries will spin into crisis. The world's geopolitical order will be reshaped almost overnight. But humanity as a whole should enjoy an enormous welfare gain."


N.37 LET BUKIT LANJAN SOAR WITH SYED ABDUL RAZAK ALSAGOFF

Friday, 26 May 2017

BUKIT LANJAN: Yes, end bailouts for Proton


BUKIT LANJAN: Yes, end bailouts for Proton

Proton was founded in 1983 as Malaysia’s maiden national car company in 1983 under the Dr Mahathir Mohamed federal government era.


Its monopoly as a local car manufacturer was challenged when Perodua was established in 1993.

Proton’s automobile market share then started to slide until today for many reasons, foremost of which are its inability to innovate its technology and to improve product quality.

“Today, consumer confidence in Proton cars is at its lowest ever, if not rock bottom,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said.

After 34 years, and that’s a very, very long time, Syed Razak said the federal government “is selling off Proton”.

“Malaysians just don’t have the business acumen and innovative technology to succeed in an extremely competitive global automobile industry.

“For some reason or other, Malaysians don’t seem to be able to compete in the car industry,” he added.

Syed Razak said Malaysians should welcome the sale of Proton to Chinese automaker Geely with open arms “to save Proton and as many jobs as possible”.

“And, whatever Dr Mahathir wants to say or argue, he must admit that Proton is his failure. After decades of bailouts, it is time to stop bleeding the federal government’s coffer,” he added.


Syed Razak, who is Gerakan’s nominee to contest N.37 Bukit Lanjan in the coming 14th General Election (GE14), said unlike Proton, “Perodua has remained relatively strong and competitive in the car industry”.

“Comparing the managements of Proton and Perodua, the latter seems to have a far more competent outfit. Perodua has significant Japanese interest, with Daihatsu (a wholly owned subsidiary of Toyota Group) in the management board.

“This could be one of the many reasons why Perodua is still growing stronger by the day and Proton is on a free fall in the car industry,” he added.

Syed Razak said Proton’s failure was solely due to Dr Mahathir’s “visionary pride and ego”, going into an extremely competitive global industry “unprepared or ill-prepared”.

“You only venture into such an industry when you are ready with the innovative workforce and management. Pride and ego will get you nowhere,” he added.

Syed Razak said it was, therefore, a wise decision by the current federal government to “give up on Proton”.

“Like what they say in the stock market, cut the losses while you can,” he added.

This was what The Star Online posted on the sale of Proton to China’s Geely:

Earlier headlines on sale of Proton.
"Business News

Home > Business > Business News

Wednesday, 24 May 2017 | MYT 7:02 AM

Chinese carmaker Geely to acquire Proton



PARIS/BEIJING: Chinese automaker Geely has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom, sources said on Tuesday, beating out rival bidder PSA Group.

Zhejiang Geely Holding Group, which controls Hong Kong-based Geely Automobile and Sweden's Volvo Car Group, will acquire 49 percent of Proton, the sources said. Proton also controls British sports car maker Lotus.

Spokespeople for DRB-Hicom could not immediately be reached for comment after office hours in Kuala Lumpur. The group earlier asked for trading in its shares to be suspended pending an announcement.

Proton, founded in 1983 by former Malaysian premier Tun Dr Mahathir Mohamad, received 1.5 billion ringgit ($338.2 million) in government aid last year on condition that it pursue a turnaround plan and seek a foreign partner.

Other potential bidders have included PSA, the Paris-based maker of Peugeot and Citroen cars, its domestic rival Renault and Japan's Suzuki Motor Corp.

PSA, whose Chief Executive Carlos Tavares had said Proton would be a good fit, did not immediately return calls and messages seeking comment.

Proton re-badges cars from foreign manufacturers to sell in the local market, but its quality has declined in recent years. The company has two Malaysian plants with an annual capacity of 400,000 cars, currently running far below maximum output.

An earlier attempt in 2007 to woo new partners for Proton foundered on the Malaysian government's refusal to allow foreign bidders to acquire control.

Geely's investment would help Proton grow its sales overseas and recover some of the global presence it has lost in recent years, people familiar with the bidding process told Reuters in February.

By offering some of its own technology, Geely hopes to lift Proton's sales in right hand-drive markets including Malaysia, the United Kingdom, India and Australia, they said.
The success of midsize Geely models such as the GC9 sedan and Boyue SUV helped to grow the brand's China sales by 50 percent last year to 765,851 vehicles. - Reuters"


N.37 LET BUKIT LANJAN SOAR WITH SYED ABDUL RAZAK ALSAGOFF

Thursday, 25 May 2017

BUKIT LANJAN: Crime prevention and education programmes in Malaysia now need to cover cyber crime


BUKIT LANJAN: Crime prevention and education programmes in Malaysia now need to cover cyber crime

Fraud cases in cyberspace ballooned by 20% in Malaysia last year compared with 2015.


Besides fraud, the top cyber crime were intrusion, spam and malicious code.

“It looks like Malaysians are using their cyber innovative minds for all the wrong reasons,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said.

He said the rising cyber crime rate means the traditional and conservative crime prevention and education programmes and campaigns need a total overhaul.

“Both state and federal governments must now take proactive measures to gather various professionals to brainstorm and come up with new strategies in anti-crime and education efforts that cover cyberspace,” he added.


Syed Razak, who is Gerakan’s nominee to contest N.37 Bukit Lanjan in the coming 14th General Elecion (GE14), said the previous community crime prevention and education programmes and efforts “are obviously no more effective and outdated”.

He said the importance of the 21st Century digital era to a country’s socio-economic and political development “is obvious and cannot be denied”.

“Competency is irrelevant if the innovative minds of the rakyat (people) are focused on crime. Therefore, both state and federal governments, especially the Education and Home Ministries, have to start including the cyber space factor in their public education programmes.

“Failing to do so will affect investors’ interest in Malaysia. Who will want to invest in a country that has a high cyber crime rate?,” Syed Razak asked.

Here’s what The Star Online posted:
"Business News

Home > Business > Business News

Saturday, 20 May 2017 | MYT 8:47 AM

Cybercrime surge in Malaysia


BY ZUNAIRA SAIEED


PETALING JAYA: Cybercrime is growing in Malaysia, as statistics from CyberSecurity Malaysia show.

For example, fraud cases detected in cyberspace jumped 20% last year compared to 2015. Besides fraud, the top cyber crime were intrusion, spam and malicious code.

Data from Cybercrime Malaysia, an agency under the Science, Technology and Innovations Ministry, also show a total of 2,428 cybercrime incidences reported between January and April this year.

CyberSecurity Malaysia chief executive officer CEO Datuk Dr Amirudin Abdul Wahab pointed out that countering cyber crime will be increasingly challenging due to the exponential growth of connected devices.

According to market research company Gartner, there could be 20.4 billion Internet of Things (IoT) connected devices between now and 2020.

“When it comes down to adoption of IoT, we sleepwalk in the reality that somebody has secured it for us. With the connection of internet comes due diligence to use technology responsibly,” KPMG Malaysia head of cybersecurity Dani Michaux said.

The risks have been amplified by the interconnectivity of devices through IoT, say experts, who believe that the adoption of cyber security measures was slower than the advancement of technology.

The recent Wannacry malware attack is one example of a cybercrime that has hit 300,000 devices in 150 countries.

“The size of the organisation will reflect the amount of connectivity. The bigger the organisation, the more likely the company will be exposed to cyber attacks,” iboss Network Security senior vice president Simon Eappariello said."



N.37 LET BUKIT LANJAN SOAR WITH SYED ABDUL RAZAK ALSAGOFF

Wednesday, 24 May 2017

BUKIT LANJAN: It’s now unsafe to eat out, too many fake foods being exposed globally


BUKIT LANJAN: It’s now unsafe to eat out, too many fake foods being exposed globally

https://youtu.be/4wdsyH1cnjA (VIDEO: Buns with fake stuffing)

https://youtu.be/3zolK56sBMU (VIDEO: Fake plain buns/cup cakes)

Fake foods have been exposed globally, especially in China, recently.

Suffice to say, it is now absolutely very risky to eat out as you may unknowingly be consuming fake food and thus jeopardise your or your children’s health. (View the above two attached video clips)

Even the simple plain bun/cup cake or bun with stuffing can be served or sold as fakes.

“In this modern world of science and technology, the unscrupulous businessmen or entrepreneurs can now resort to making or manufacturing fake foods to reap insane profits,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said.

He said the federal government, as a caring and responsible government, must take the lead and act even before such fake foods hit the domestic market, if it had not yet.

“They say prevention is better than cure. Taking precaution is also better than to be very, very sorry later,” he added.

Syed Razak a.k.a Pek Moh (White Haired) urged the federal government to urgently enact punitive laws to punish potential “evil” eateries and operators who resort to selling fake foods to reap “insane profits”.

“Such evil people must not be given a second chance. They must be jailed and then blacklisted for life in the food and beverage industry,” he added.


Fake beef
Syed Razak, who is Gerakan’s nominee to contest N.37 Bukit Lanjan in the coming 14th General Election (GE14), said such “evil people” should be given heavy punishments because “they inflict harm to human health and lives, especially children”.

He said Members of Parliament (MPs) must unite to push for harsher laws to punish potential fake food sellers or operators.


“Do it fast before such fake foods hit the domestic market and consumers,” he said, adding that MPs should treat this issue seriously and with urgency.

N.37 LET BUKIT LANJAN SOAR WITH SYED ABDUL RAZAK ALSAGOFF

Tuesday, 23 May 2017

BUKIT LANJAN: Invest in property, you can’t go wrong



BUKIT LANJAN: Invest in property, you can’t go wrong

Have you read The Star Online report titled “World's costliest plot of land sold in Hong Kong for RM13bil”?

It was a multi-storey car park that was sold by the Hong Kong government for RM27,776 per sq ft!

“Ridiculous price isn’t it? But that’s reality,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said.

He said in areas and states where land was scarce, “it is only natural that property prices will shoot up like nobody’s business”.

“The same will happen, over time, in Penang, the Klang Valley and Johor. So, stop complaining and whining because that is the reality in a Laissez-faire world of supply and demand,” he added.

Syed Razak said the rakyat (people) should hold on to their “precious properties” for long-term financial gains, at least for their children or generations.

“Don’t start getting greedy and get cheated by all sorts of money games and multi-level financial or business schemes. If you have spare cash, spend it all on a property, and be patient,” he added.


Syed Razak, who is Gerakan’s nominee to contest N.37 Bukit Lanjan in the coming 14th General Election (GE14), said “you cannot go wrong on property investment if the location is hot”.

“Even if the location is not that hot, it will be over time,” he added.


Here’s what The Star Online posted:

"Regional

Home > News > Regional

Tuesday, 16 May 2017 | MYT 11:03 PM

World's costliest plot of land sold in Hong Kong for RM13bil


The Murray Road Car Park located in Admiralty. - SCMP

HONG KONG: Henderson Land Development, the property company owned by one of Hong Kong's wealthiest families, has bought the world's most expensive commercial land plot in downtown Central, beating out the mainland Chinese developers who had been dominating the city's real estate purchases in the past year.

Henderson Land will pay a record HK$23.28 billion (RM12.91bil) for the government's Murray Road commercial plot in Central, beating out eight rival bids, according to the Lands Department's data.

The plot, which can be developed into a commercial building with 465,005 sq ft of total gross floor area, translates to HK$50,064 (RM27,776) per sq ft, way above market expectations and professional valuations of between HK$15.7bil (RM8.71bil) and HK$22bil (RM12.21bil).

"Today's tender result sets a new benchmark for the local property market," said Denis Ma, head of research at JLL. "It will be interesting to see how this affects pricing in the property and stock markets."

The successful bid was Henderson's first in almost two years, as it and other Hong Kong developers had been priced out by aggressive mainland Chinese companies like HNA, which spent HK$27.2bil (RM15.09bil) over four months to snatch four parcels of land at the former Kai Tak airport.

A venture of mainland Chinese developers KWG Property Holding and Longfor Properties paid HK$7.23bil (RM4.01bil) on Tuesday for the latest Kai Tak plot to go on sale, 15% more than analysts' valuation.

For Murray Road, mainland Chinese bidders were mostly absent, snared by tightened remittance regulations to stem capital flight.

Henderson plans to develop the site, currently occupied by a five-storey public car park, into "a landmark building" scheduled for completion in 2022, according to a statement by the developer's vice- chairman Martin Lee Ka-shing, the youngest son of Hong Kong's second-wealthiest man Lee Shau-kee.

Total investment cost of the project may exceed HK$26bil (RM14.42bil) inclusive of the land cost. Henderson's shares closed 0.5% higher at HK$50.20 (RM27.85) before the tender result was announced.

"The building will likely attract strong occupier demand both from mainland Chinese firms and multinational corporations," said CBRE's head of research Macros Chan.

The record price came even after the Hong Kong Monetary Authority on May 12 ordered banks to cut their loans to developers to 40% of a site's value, from the previous 50%.

Expectations over the Murray Road plot had already spilled over to surrounding commercial properties, boosting capital values by as much as 11% ever since the government put the site – the first commercial lot in Central to go on sale in two decades – up for tender, said Ma.

A grade-A office unit at 9 Queen's Road in Central sold in April for HK$145.82mil (RM80.9mil), or a record HK$39,800 (RM22,084) per sq ft in transacted office price.

Bids for Murray Road were received from Sun Hung Kai Properties, Nan Fung Development, Cheung Kong Property (Holdings), Wheelock & Company, Chinese Estates Holdings and Hang Lung Properties.

Among mainland developers, bids were received from Shimao Property Holdings of tycoon Hui Wing Mau , as well as Chongqing-based CC Land Holdings. Both the firms are listed on the Hong Kong stock exchange. – South China Morning Post"





N.37 LET BUKIT LANJAN SOAR WITH SYED ABDUL RAZAK ALSAGOFF

武吉兰樟讯:我们要科技和经济进步, 而放弃老年父母的成年人吗?




孝心经典

武吉兰樟讯:我们要科技和经济进步, 而放弃老年父母的成年人吗?

21世纪的孩子长大后是否会了解和维护儒家孝道哲学。

还有,20世纪末的孩子是否知道或者甚至听说过什么是孝道?

孝道是尊重父母,长辈和祖先的美德。

“我们现在听到很多家长说,当他们年老时太过期望孩子们的照顾或养儿防老是一个愚蠢的念头”民政党副议长赛阿都拉萨说。

他说:“尽管全球教育,科技和经济进步有所改善,但家庭和人道主义价值观已经进入了另一个阶段,实在令人遗憾。”

赛阿都拉萨表示,从星报网上阅读 “8旬老妇被孩子遗弃,卧病在床一个月” 的报道,感到非常难过。

“我们真的想要科技和经济进步,而忽视人类价值观和尊重被恶化吗?”



赛阿都拉萨是民政党第14届大选武吉兰樟州议席(N.37)协调人表示,因此马来西亚必须同等重视道德和公民教育。

“科技和经济的进步,而没有一个被尊重和负责任的成人社会将是什么?”

赛阿都拉萨敦促教育部调查并在必要时审查小学道德和公民教育大纲的有效性,以适应21世纪电子和科技时代的需求。

他补充说:“我们需要向年轻人灌输高度的道德和公民价值观,使他们成长为受尊重和负责任的成人,而不像中国的4个孩子遗弃80岁的母亲。”

以下是80岁老妇忘恩负义孩子的报导:

2017年5月15日 星期一

8旬老妇被孩子遗弃,卧病在床一个月



汕头讯:当地一家电视台报道,来自中国南方的一名80多岁老妇单独一人卧病在床一个月,她的4名孩子都没有照顾她。

根据汕头电视台报道,张銮美4月初在广东省汕头的家中不慎摔倒,头部受伤.

根据报导说,她偶尔得到邻居和“其他好心的人”的援助。

她丈夫多年前已经去世,她的两个儿子和女儿都没有和她一起生活。张銮美独居并一直在街上乞讨多年。

她的孩子都没有出现在家中,直到最近,当时在她的另一个城市工作的小女儿回到了汕头,送她去医院。

女儿说住在汕头的哥哥55岁,拒绝照顾他的妈妈。

“他没有来家里看妈妈,也没有给她钱,”她告诉电视台。 “他说他患有高血压所以不能来。他还说,如果妈妈去世也不算什么大事。”

女儿希望其他的兄弟姐妹能轮流照顾他们的母亲。 - 南华早报



N.37 让赛阿都拉萨屹立武吉兰樟