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Cahya Mata Sarawak: Apples of the eye

Anil Netto
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18

These are the substantial shareholders of Cahya Mata Sarawak Bhd, according to the firm’s 2009 Annual Report.

The analysis as at 22 March 2010:

Substantial Shareholders as per Register of Substantial Shareholders, excluding nominee companies
Name of Substantial Shareholders – Direct – Indirect – % of Issued

1. Datin Hanifah Hajar Taib (daughter) (Direct) 705,000 (Indirect) 44,925,102  – 13.85%
2. Datuk Syed Ahmad Alwee Alsree (son-in-law) – (Indirect) 45,630,102  13.85%
3. Majaharta Sdn. Bhd. (family concern) (Direct) 44,925,102 – 13.64%
4. Jamilah Hamidah Taib (daughter) (Indirect) 44,925,102 1 – 13.64%
5. Lejla Taib (late wife) (Direct) 37,000,000 – 11.23%
6. YB Dato Sri Sulaiman Abdul Rahman Taib (son) (Direct) 29,465,085 – 8.94%
7. Dato Sri Mahmud Abu Bekir Taib (son) (Direct) 29,400,085 – 8.92%
8. Sarawak Economic Development Corporation (Direct) 26,965,360 – 8.19%

The closing price on 5 July was RM2.30 per share. You do the maths to find out how much the Taib Mahmud family is worth in CMS shares alone.

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Makkal, let’s take a closer look at Sakti

Anil Netto
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1

People should take another look at Sakti International Corporation.

Have a look here. Assuming the website is correct, all that money invested and so little revenue?

The period 1997-1998 seems to have been a busy time for the firm.

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World Cup: A lesson in humility

Anil Netto
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17

It pays to be humble at all times, even for footballers on the World Cup stage.

After England were trounced 4-1 by Germany, and before the Argentina vs Germany game last night, Argentina’s centreback Martin Demichelis took a dig at England defender John Terry.

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Twitter Weekly Updates for 2010-07-04

Anil Netto
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0
  • Check out the programme for the George Town Festival: http://fb.me/DS8aetEC #
  • If you attended the Aliran dinner at the PJ Civic Centre on 26 June, let us know what you thought of it. Your name… http://fb.me/CxtsAyD3 #
  • Hey, did this really happen? Was it reported anywhere in the Malaysian media? http://fb.me/C4Gt544f #
  • How do you think the Malaysian economy is faring right now? Do you feel you are better off or worse off and why? #

Cry of desperation from Long Sebayang

Anil Netto
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8

The livelihood of native communities in Limbang, Sarawak, is being threatened by a politically well-connected timber company. It’s really the last stand for Along Sega, a much-respected local Penan leader and the local communities.


The Long Sebayang timber camp in Upper Limbang


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Activists and one media report say the company involved in this area is Lee Ling, which is a wholly owned subsidiary of Quality Concrete. Among the directors is Raziah @ Rodiah Mahmud, sister of Sarawak Chief Minister Taib Mahmud. She has a 2.03 per cent direct stake in Quality Concrete.

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Bonanza in US property market too

Anil Netto
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1

It’s not just Canada that certain property investors are flocking to.

The US property market has received considerable attention as well.

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PICC still on the cards

Anil Netto
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19

It looks as if the Penang government is still keen on the Penang International Convention Centre (PICC), going by a Bernama report.

The state should think again whether this is really a prudent use of our precious – and limited – financial resources. Even during colonial rule in early 19th-century Penang, the island’s British administrators experienced difficulty in raising funds. Little has changed now, with the BN federal government denying the state its rightful allocations and even by-passing the Penang state government by channelling funds through Finance Ministry-owned entities and parallel federally-overseen state development offices.

The way I look at it, the PICC is a luxury (or white elephant) we cannot afford especially when other privately built convention centres are already in the pipeline in Penang. Penang has so many other more pressing needs requiring the use of public funds e.g. the upgrading of public markets and a new computer system for the MPPP.

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Second Scorpene submarine arrives

Anil Netto
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21

A second Scorpene submarine, the KD Tun Razak, has arrived in Malaysian waters.

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Speakers’ Square: Hecklers enter the fray

Anil Netto
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55

Another historic day for Penang, Sunday, 27 June 2010: That’s when hecklers first made their presence felt at the recently opened Penang Speakers’ Square.

Hecklers are of course a regular feature at London’s Speakers’ Corner, and now they have become part and parcel of Penang’s Speakers’ Square. It’s good practice for up-and-coming public speakers when they have to contend with a less than receptive crowd. And all part of the fun.

The Penang Speakers’ Square, open in the evenings on Wednesdays and Sundays, is fast turning into a local attraction and a must-see for visitors to Penang. Dozens turn up especially on Sundays to listen to the speakers – and now the hecklers.

This report from theSun:

Gerakan speakers heckled

Mon, 28 Jun 2010


A senior citizen waves the front page of a Chinese daily which featured a report on Gerakan losing Penang in the March 8 general elections, while Kedah Gerakan secretary Tang Hing Lye was giving his speech at Speakers’ Square in George Town.

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Drop in Felda reserves: Make accounts public

Anil Netto
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12

Deputy Minister in the Prime Minister’s Department Ahmad Maslan revealed that Felda’s cash reserves had dwindled from RM4.1 billion in 2004 to RM1.4 billion last year.


Photo credit: Utusan/Felda.net

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The agreement to buy Menara Felda at the Platinum Park Site, Jln Stonor, KL, for RM641 million was signed in 2008 and the building was reportedly expected to be completed in four years (2012). Has the full payment for the building be made now? When will the building be ready?

Felda’s cash reserves have dropped by RM2.7 billion in five years. This was explained as follows:

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