Saturday 30 September 2023

KNM Group Bhd ; When Two Tribes Go To War!

IN  eleven days time minority shareholders will get a good idea on what is going  to happen to KNM Group Bhd, via measuring the creditors reaction over a sudden tussle for control of the company.

  BATTLE lines  for KNM , were drafted as soon as a London based German emerged in KNM, owning just under 9 per cent.

MEET  Andreas Heeschen, whoes wife Catherine H Prevost, READ : who bought a mansion last year in Palm Beach for US$17 million.

OBVIOUSLY, the German has money, but will  the creditors READ :  At KNM's, court conveyed scheme of arrangement meeting on October 12 2023, take Andreas Heeschen seriously.

ANDREAS Heeschen,  has become an oddity on the Western part of Europe, due to the manner in which he lost control of Heckler & Koch, a German weapons defence manufacturer with subsidiaries all over the world.

OBVIOUSLY,  there questions on Andreas Heeschen's temperamental and erattic judgement at critical moments.

THAT being said,  TEAM Andreas Heeschen is adamant that the current KNM board's READ : own decision making process and the ability to execute a plan if action is severely wanting.

ALTHOUGH, TEAM Andreas Heeschen flatly deny READ : they want control of KNM in order to stop the sale of Borsiq and FBM Group, the sudden entry of the German seems to suggest that it may not be that far from the truth.

MINORITY shareholders of KNM should ask themselves some very simple questions, which has nothing to do about money but rather it has much more to do with temperament and judgement.

THE people, the German wants to bring in at KNM specifically Edwin Silvester Das, who currently serves as Jiankun International Bhd CEO;  Zaidi bin Mat Isa @ Hashim, an executive  director at  SMTrack Bhd ; and William H Van Vliet II, who is also CN Asia Corp Bhd are not exactly highly regarded names.

THE common denominator here is  the company they hail from  READ : were all mentioned in the Edge',s hidden hands special report on unethical trading

APART, from CN Asia, which made a profit of RM313,000 , which is what a very good rojak or Char Kuey Teow H A W KE R can make a year,  while Jiankun and SM Track are champions in SUFFERING LOSSES, raising some serious questions if Andreas Heeschen is not serious in bringing back the glory days of KNM.

THE said trio can help  rescue KNM, borders on madnees;  expecting  a different outcome in KNM than ,by appointing the same set of PEOPLE who are responsible if when lucky to register  a profit of few hundred thousand ringgit or in a normal year, full year losses that are all so familiar in JIANKUN, SM Track and CN Asia, 


When men who do not know how to communicate do nothing, the Tik Tok's Version will prevail.

THE Unity Government seems to have disappeared on social media,  giving Perikatan Nasional a free hand to narrate  its  version of the true paddy story.

HOW  much the Perikatan Nasional  narrative are grounded on facts are very debatable , as the proof has been short coming. READ : Rice millers are mixing local and imported rice to make a quick buck

NO one has placed even an iota of proof, but most Malaysians have bought into the story, as men like Fahmi Fadzil,  the communication Minister, and Mohd Agus Yusoff,  the J Komm chief have done very little to put out information that READ : farmers such as those in Perlis had missed one planting season due toa lack of water.

WHERE are those farmers testimonials and why are they not being boosted on social media,  so that Malaysians who prefer to get their news from Tik Tok can have a balanced doze of information?

INSTEAD, what we have is the Kedah Menteri Besar Mohd Sanusi Md Nor VIEW : lambasting the taukeh rice millers as the root cause of the local rice shortages.

ALTHOUGH Mohd Sanusi did not spell it out, one would assume the word Taukeh reffers to the Chinese mill factory owners.

IF Taukeh does indeed reffer to ethnic Chinese rice mill owners, I am afraid that the maths behind the market share of the rice business indicates that the Chinese rice mill owners don't have the numbers to pull off this caper.

THE institute for Democracy and Economic Affairs is a Malaysian think tank dedicated to promoting solutions to public policy challenges, in a report noted READ : As at 2020 there are some 178 rice mills in the country, of which Bernas has close to 50 per cent of the nation's rice milling business

ALSO, Bernas controls more than 66 per cent of the Rice market, hence without their active participation, it really doesn't matter if you are an ethnic Chinese rice mill owner, or a rice mill owner from MARS,  you still won't be able to manipulate the market.

AGAIN, this narrative is hardly seen on the social media landscape,  as the Unity Government's spin doctors, all seem to have gone to sleep. 

EVEN, the normally sharp, factual and aggressive Lokman Adam seems to have gone off the rails on this one,  with a set of information VIEW : that is very QUESTIONABLE

Perikatan Nasional, is winning the rice war in Malaysia by a mile and a half.

AS  much I  would  love to pin this one on Mohamad Agus Yusoff, the J komm chief, or even when given the highest dose of viagara, the still impotent strike force communication team, on this matter, I have declared them innocent.

ANWAR Ibrahim must take full responsibility for fiddling while the Rice issue in Malaysia, keeps burning. 

AGED well above 70, the Prime Minister must be well aware that you can't have the cake and then eat it to.

THE Prime Minister, can no longer  afford to appease Syed Mokthar, and  at the same time win over the paddy farmers or even the general public for that matter.

BECAUSE  the Prime Minister is seen to be in awe of Syed Mokthar, the Kedah Menteri Besar can go on to buy some political insurance for the future by stating VIEW : The paddy cartel in Malaysia, is controlled by those who determine the rice price.

MOHD Sanusi is absolutely correct but what is holding him from naming who controls the rice price in Malaysia. 

IS it because, Padi Beras Nasional Bhd or Bernas, owner who had at the height of the Covid pandemic, when Malaysians could not afford to feed themselves, and had to raise white flags  READ : had chosen to give a Perikatan Nasional core component party a RM195 million cash gift

IS that succulent sound of money, which is keeping Mohd Sanusi's mouth shut to name Bernas as the entity which determines the price of rice in Malaysia?

IT really doesn't matter, because money can't turn everyone into a Poodle, because there are others outside there who will stand up and support the Prime Minister if he were to take up the challenge and reveal to Malaysia who is the boss of bosses of the PADI Cattle in this country.

YET  again who is the sole importer of Rice in Malaysia? It is BERNAS!!.  Over to you then, Prime Minister of Malaysia,  Anwar Ibrahim !!!.

Friday 29 September 2023

CALLING Mr Chin, you're so vain, you probably think this posting is about you, Boon Long.

SOMETIME  this month, No 12. Jalan Udang Harimau 2, at the Kepong Business Park was the scene of some really Hollywood movie type hyper activity.

WHAT not, with a slew of bodyguard and high powered cars, upon inspection has noe been asserted as not being bullet proof, decends a man, who have chosen to only be addressed as Mr CHIN into Wisma Revenue.

WISMA Revenue, is home to Revenue Group Bhd, an electronic payment solutions provider, which Simply WallStreet has staked its reputation on even at 20 sen a share is VIEW : is 142.7 per cent overvalued. The stocks fair value is less than 0.085 sen per share.

QUEK Leng Chan's bank actually has a very valid point. Which decent business owner would want to be caught in public view sitting next to Francis Leong Seng Wui, the executive director of Revenue Group who has a  long history of using Mafia methods.

BARELY a month after that, Francis Leong Seng Wui, READ : quit in a huff, and in disgrace ad Executive Director of Classita.

NOW coming back to Mr Chin's visit go Wisma Revenue, where despite not being on the shareholders list of Revenue Group, its executive directors namely Francis Leong Seng Wui and Teh Chee Hoe were seen openly briefing Mr CHIN.

S0ME of the details, given especially by Teh Chee Hoe were centered on information which Bank Negara Malaysia had specifically written down in black and white are privileged information that cannot be shared with outside parties, because it can lead to clients being vulnerable to attacks.

Mr CHIN had also brought shocking news to Revenue Group, that a certain company, which handles the VISA and Mastercard Clients in Malaysia, has also come up with the same conclusion as Quek Leng Chan, that they too no longer wish to do business with Revenue Group.

IT is at this point,  former Revenue chairman and current full time pub owner, Eddie Ng Chee Siong, who has now been re employed by Revenue Group, with an office thrown in for good measure,  might have been counting his lucky stars that Francis Leong Seng Wui did not jump and slap the face of any former directors of Revenue Group.

MR Chin's message was that cost need to be cut and cut fast or 2023 which has been the worst year for Revenue Group, will be looked back at in 2024 as a honeymoon year.

BUT wait a second yet,   why on earth is Mr Chin who owns no substantial shares in Revenue Group giving speech to a group of senior Revenue staff that included at least two of the company's executive directors? 

IS Mr Chin some kind of motivational speaker, or is he the ultimate owner of Revenue Group, who is now brave enough to show the world that he is the  boss, because BURSA MALAYSIA UNDER WAHID OMAR HAS GONE TO THE DOGS

Thursday 28 September 2023

The Spectre of Syed Mokthar..

DEEP in the heart of Putrajaya, Anwar Ibrahim is caught between a rock and a hard place, as Syed Mokthar comes out and play with guns blazing, to do what the combined forces of PAS and BERSATU failed to do in the ballot box.

TO his credit, the Prime Minister has thus far refused to take the bait despite the taunting getting stronger by the day.

THE same though cannot be said of his ministers, who have on their own accord decided to take on the role of NATIONAL APOLOGIST for Syed Mokthar, the 100 per cent owner of BERNAS,  which in turn is the co owner of Gardenia Malaysia

THE people of Malaysia, regardless of their race, are not stupid, and can see very clearly that the recent price increase of RICE and BREAD by companies directly owned by Syed Mokthar is intended to pile pressure directly on Anwar Ibrahim and move the people into the arms of BERSATU.

YES, the very same BERSATU, whom Syed Mokthar READ : gave RM195 million ringgit without even blinking an eye lid, at the height of the Covid 19 pandemic when Malaysians had to raise white flags on their roof tops because they dis not have enough money to feed themselves.

CONSIDER the following,  and you will understand why have i specifically stated that the  price hikes are actually intended to detach Anwar Ibrahim from the Prime Ministership.

DON'T  be fooled by the ill advised  and wrongful information dished out by NATIONAL APOLOGIST of Syed Mokthar who moonlight as a Federal Minister READ : that the increase in rice price is due to the global supply chain without stating are price hikes justified.

THIS year alone, the price of rice has been increased by a MASSIVE 41 PER CENT and when that did not raise public anger towards Anwar Ibrahim,  Syed Mokthar's Gardenia READ : upped the ante by increasing bread prices drastically across the board

THE Malaysian Market preference is for the Indica type of rice, so let's go check out the Indica's year to date price increase.

DATA obtained by the Food and Agriculture Organisation of the United Nations shoe that the Indica Rice index stood 110.2 points December 2022.

BY AUGUST 2023 , the index had soared to 151.4,  buy the average trading level from Dec 2022 to August 2023 was 131.4 points.

If we take the August peak of 151.4 as the average, then the index would have gone up by 37.5 per cent, which makes the Bernas price hikes look platable.

NOT everyday is a Sunday,  nor is every month August,  hence from Dec 2022 to the 2023 average index value of 131.4 points,  the index appreciation had only been 19.23 per cent. VIEW : TO VERIFY

OUR imported  rice price have gone up by 41 per cent while Indica Rice index arev up by an average 19.23 per cent, makes  our rice and bread prices  looks  expensive and extensive.

UNLESS of course the bulk of the Bernas so called long term contracts with unreliable partners from the politically unstable Pakistan are baloney and we are being short changed with spot Indica Rice prices.

IF the spot market scenario is the case, then Bernas has obviously failed to fulfill its end of the bargain. 

REAL or IMAGINED, the spectre of the Syed Mokthar  threath has landed at the centre of Putrajaya 

ANWAR Ibrahim  can rely on no one except himself to defend the Prime Ministership .

Inside The Malaysian Rice Conundrum : Anak dipangkau ditirikan, anak kera dihutan disusukan

MALICE is the only word, that comes to my mind if I was to describe the happenings in Malaysia's US Dollar worth, billion ringgit industry in just ONE WORD.

A malice to do harm to paddy farmers, either with intent or due to gross ignorance and in some cases a desire to please the public at large via short term solutions, that only gaurantees consistently deeper pain going forward.

AM I angry with the Selangor state Governments, populist move to READ :  subsidise imported rice purchase until year end. YOU BET I AM.

DO I understand the rationale of the Selangor state Government's move? Yes, I do, and logically too, the state administrators have to look at the interest of its voters first before anything else.

THE English word crisis has its roots from the Greek word KRISIS with the common synonyms of crisis being that of contingency, emergency, exigency, juncture, pinch, straits, and strait.

ANCIENT Greeks saw a crisis as a “separating decision, a power of judgement or distinguishing.” It was a moment of choice when one could determine different ways of progressing more clearly.

TO cut the long Greek story short, a crisis provides you an opportunity to do things differently, and expect a new growth filled outcome , rather than doing the same old things and then expecting a different outcome.

AS we know, READ : Kedah padi harvest have begun, just in time amid rice shortage and a Kedah registered voter, won't be able to use their votes to determine a state election in Selangor.

BUT if  Parti Keadilan Rakyat has serious aspirations to govern Malaysia on its own strength going forward, then all good things for Malaysia must come from Selangor.

PARTI Keadilan Raktat has missed a once in lifetime opportunity that only a crisis would provide, by failing to show Malaysia that there is a better way, perhaps a bit longer but definitely BETTER .

PAY the Kedah paddy farmers more, much more than the SHYLOCK BERNAS would ever do. 

PAY the Malaysian farmers, the money intended to subsidise the imported rice in Selangor. PAY them that extra money, even if you have to go knocking on thier  doors, one by one from Kuala Perlis right up to Changlun, the last Malaysan town before Thailand 

Wednesday 27 September 2023

WiseGuy inside The Corporate Mafia : Apocalypse, Bila-bila boleh naik dan turun, the 94 days in hell, starts now

WHEN you winsome, there is a strong possibility that you could lose some too, is the strange physics called life.

IT appears the Corporate Mafia  have made some very  strong in roads into the political party, Lim Kit Siang  help build . READ : The Ties That Binds, the secret maneuver to bring Tedy Teoh home.

SUFFICIENT in roads, for the likes  of Revenue Group Bhd and Green Packet to  gain contracts in the ministry of transport. MORE on this TOMORROW. 

THE last public sighting of Victor Chin Boon Long outside his home base was sometime this month, in the company of ex tablet  dealer Francijs Leong Seng Wui and fulltime pub owner Eddie Ng Chee Siong in Kepong. MORE on this TOMORROW. 

THE point is both Victor Chin Boon Long  and Francis Leong Seng Wui  looked like a duo straight out from a FENG Tao HELL

AS  Radzi Jidin, found out to the amusement of PAS following his boisterous heroics in Parliament,  that READ ; as Prime Minister,Anwar Ibrahim has chosen to pay cash and that too in full 

IT is an open secret in Putrajaya,  that the Corporate Mafia has made its bed with PAS  by READ : intentionally delaying the announcement that they have axed a RM3 billion project in Kedah in order to ensure a PAS victory

VICTOR Chin Boon Long knows that the dreaded cash payment will arrive one way or another, which is why , he is so pale looking..

INSIDE, the coming 2256 hours or to be exact tbe next 94 days, the Corporate Mafia is at its weakest point, as Victor Chin Boon Long MUST ENGINEER, NOT ONE BUT  TWO ROLLOVERS.

VICTOR Chin Boon Long, the group which is far more sophisticated than yours know those roll over dates even to the very last decimal point.

A counter strike could  rip the Corporate Mafia apart to financial ruins, as both upcoming roll over exercise are to address margin calls of the Mafia.

IN the state of mind that the gaunt and pale looking  Victor Chin Boon Long is at now, the Corporate Mafia is there for the taking, scores to be settled, advantages to be pressed to breaking point and beyond, to make resistance futile, and comebacks caveat as a probability without a possibility.

Muhyiddin Yassin and Ismail Sabri, tell me WHY?

THE paddy concession given out to Bernas, over the past two decades must be investigated by nothing less than a Public  Royal Commision Inquiry.

SUCH an inquiry,  can only take shape with the approval of the King, based on advise from the Prime Minister of Malaysia .

ANWAR Ibrahim now has the power to do so now as Prime Minister.  So why must he do it ? Is it not so obvious, perhaps too obvious that 99.999 per cent of Malaysia has either failed to notice it or perhaps even realise it.

It is true, that currently Muhyiddin Yassin and Ismail Sabri are left holding the Bernas concession baby , but the duo are a just a set of piece to something really shitty taking place in Malaysia.

NOTICE,  since the days of changing the face of Lembaga Padi Nasional to Bernas, the government had never called for other players to put in a proposal to manage the rice  requirements of the country.

I smell money here, loads of money that foe decades different people helping the country ,  have come up with the same conclusion; LET'S TAKE BERNAS WORD FOR IT, THAT ONLY THEY KNOW HOW TO MANAGE  WELL WITHOUT BOTHERING TO ASK THE REST.

Tuesday 26 September 2023

Padi Beras Nasional Bhd, the odd man out on the global rice trade!!!

PADI Beras Nasional Bhd (BERNAS) will definitely  be up with its arms on this one, ie; that the Syed Mokthar owned company is the odd man out on the global rice trade stage.

BERNAS, cutting a lone figure on the global rice trade during peak level crisis time, ultimately boils down to Bernas odditty  in the entire eco system during peak crisis, places Malaysia AT A SEVERE DISADVANTAGE .

SURE during the Covid 19 period Bernas managed to get a deal done at a time, when it was more feasible to send your goods to a nearby nation than say fron Vietnam to South America.

BEING placed at the disadvantaged  nation list during peak crisis time , is not sorry enough, as our politicians have some how been kind enough ti allocate RM600 million years for us to be placed on  the disadvantaged sick list, nine out of ten times.

CONSIDER the following.  As early as June this year, Reuters had flashed a piece of advise for the world,  but for Malaysia, we should have taken in a code blue level warning  oh what is in store for the nation. 

NOW who do you think made that call from the lion city to that big man in New Delhi to get this deal done?  

DO you think that the call from the lion City was from a public listed company or worst still an opaque privately held company, who no longer provide 24/7 access to its annual report, whoes name  starts with the Alphabet P but is pronounced in writing as B?

NOW we all know, the Indians are very particular on details and would be confused and of course be suspicious, and  then be mighty hostile  that China was actually trying to pull off the prank of the year in convincing  India to get a deal done with a  company whoes name starts Alphabet P but is pronounced in writing as B?

NOW how many of us even remotely believe that the CEO of Bernas on even its owner Syed Mokthar can get the Prime Minister, of the first country to land near the south pole of the Moon, a nation with 164 active nuclear war heads capable of destroying almost all life forms on planet Earth , on the phone to get a rice exemption for Malaysia?

I believe, despite who we root for in politics, we silently know the common reaponse to the question above. 

CAN Anwar Ibrahim get a deal done for Malaysia with just a call to New Delhi? YES he can .

SO why is it only after 26 days, Singapore got its exemption from India, READ  : is our government now preparing to talk with their Indian counter parts.

WILL India grant Malaysia the exemption we might be requesting from them? I am convinced they will if the right Malaysian official request for it, because Malaysia is no lesser or greater friend to India then Singapore. 

If had acted in a brisk manner, as how Singapore had proactively acted, so much of the so called rice shortage fear, could have been short circuited. 

THE Malaysian Government  should not be held responsible on the yet to be forwarded request to India, fie after all Bernas had been collecting RM600 million every year for more than two decades now.

WHEN the shit hits the fan don't expects the Indians nor the President of Chins or its foreign minister to accept a call from Syed Mokthar of Alor Setar, regardless if they know of him or not, because crisis time decision are via direct communication by and with the numero uno of each nations.

THE Malaysian Government  must take responsibility for sending BERNAS to get man's job done and now that it is obvious BERNAS cannot get the job done, its time to write the LATE BERNAS OBITUARY

BERNAS did not pursue it, but Anwar Ibrahim must do it, by pursuing the Bukit Bintang Option in revitalising Paddy as a commercial crop.

WITHIN the borders of Bukit Bintang, in plain sight for everyone to see, lays one of the powerful options, Malaysia can use to revitalise and rebrand the paddy sector.

STRANGE, as it may seen, Bukit Bintang known more for its vibrant massage parlours, is harbouring a huge slice of the key, that can unlock paddy yield potentials to the point, it becomes commercially viable to make a decent living as a rice farmer.

WHY did Syed Mokthar's Bernas not pursue the Bukit Bintang option to boost yields,  when one of Bernas functions was to ensure that Malaysia achieved 100 per cent sustainable rice self  sufficiency?

WAS  it because the Bukit Bintang is mere hype or is it because the Bukit Bintang option is armed with the tools ,to give Malaysia, that one giant leap into self sufficiency,  that would result in Bernas having to close shop. 

WHATEVER, the reason is the Prime Minister, should take the Apex role in pursuing  this option  to the fullest.

SANDWICHED between swanky up market Bukit Bintang , and the seedier part of the city at Level 7, Menara Yayasan Tun Razak, 200 Jalan Bukit Bintang, is home to the Taipei  Economic and Cultural Centre, which represents Taiwan's interest in Malaysia. 

AGRICULTURE contributes VIEW : merely 1.4 per cent of Taiwan's GDP in 2022. The low contribution to GDP is understandable because of Taiwan's  READ : 60 per cent domination of the world semi conductor market and 90 per cent hold on more sophisticated chops

TAIWAN's yields are READ : as comparable with top rice yield producer, China which averages about 6.5 ha per tonne, with the core difference being  the Taiwanese rice are of  better quality and of a higher grade. 

TAIWAN aside, others which we should look at is  Egypt and how it transformed itself into rice self sufficiency . READ : United Nations backed rice cultivation project harvest a world record setting yield of 9.5 tonnes per ha in 2005.

BUT why the emphasis on Taiwan instead of Egypt then? Obviously,  Taiwan's superior paddy sees know how and its ability to cut water utilisation are mere bonuses in the scheme of things.

TAIWAN stands out, because the nation state has proven time after time, its ability to deliver results  well beyond her shores,  meaning  in Taiwan, we have a ready made partner who has proven expertise and experience in delivering the  goods globally. 

Monday 25 September 2023

The Rice Blame Game : Malu Berani, Mati Takut!

MALU berani, mati takut is his one would describe a coward in Malay, without having to use tbe word Pengecut or Coward.

ONE can sence, when it comes to the issue of rice, Bersatu and Perikatan Nasional  have been infected with a huge doze of the Malu Berani, Mati Takut syndrome. 

INSTEAD of coming out to challenge the Government on the management of rice. BERSATU  and Perikatan Nasional have decided to send VIEW  : three idiots to do their bidding on the Tik Tok platform of misinformation.

I know it's rude to label people as idiots bit when the shoe fits, then there is no running away.  The three who are paid Perikatan Nasional operatives have  asked the following questions like why the government of Malaysia did not stock more rice and also why did the government not lock in foreign rice buyers.

THE reason is simple, because the Perikatan Nasional leader, when he was Prime Minister signed off a ten year concession to Bernas and READ :76 days latter, the Bernas owner Syed Mokthar gave Bersatu RM195 million.

UNDER the concession , it is Bernas which will acquire , store and manage rice stock pile and it is BERNAS who will procure on its own  rice from abroad .

WHY is Perikatan Nasional so sheepish with Bernas? is it because, of the RM195 million lolly pop given by Syed Mokthar?

THE Rice mess we have today is mess created by Perikatan and covered up by Ismail Sabri.

Sunday 24 September 2023

Lessons Over The Weekend : Give The People What They Want and In Return They Will Give The Unity Government what it wants.

ANWAR Ibrahim, who is on his way back home from New York, should keep a very close eye on what is taking  place at ground  zero in Malaysia.

THERE are no new lessons for the Prime Minister to learn here, but rather to RELEARN a strategy which the political party he heads, seems to have forgotten.

LET'S go back in time to find out,  how Parti Keadilan Rakyat, captured Selangor n the 2008 elections, which also known as READ: the internet election that determined who came out on top.

KEADILAN managed to chop off Abdullah Ahmad Badawi's rulling coalition's head off in the nation's most industrialised state, by appealing directly to our mothers by addressing their concerns as the top priority of the state.  READ : Khalid Ibrahim's free water strategy, making Selangor the only place in the World where the state gives her people free water has proven to be an unbeatable strategy

WHILE the water bill, would rarely hit RM100, a month back in those days, what it ment for our mother's were an extra day in the week for us to have a whole day's meal filled with chicken.

NOW coming back to present day 2023,  the same sort of excitement  seems to have filled the womenfolk in Malaysia, when the Government  of Anwar Ibrahim decided to go down to ground zero to give the people what they want I.e RICE at a price acceptable to our mother's and wife's.

THE end result at Jelubu, when the Government agency FAMA released its own stock pile and went to the ground, meet the people and sold them 3,500 Kg of rice  at RM26 for a ten KG pack, the people not only came out and snapped the rice in 90 minuets,  they were also HAPPY WITH THE GOVERNMENT.

THAT same level of happiness could be seen in manjung when the private entrepreneur which owns MISI Rakyat READ : sold 1000 packs of 5kg rice at RM1 a piece, saw Manjung's womenfolk stand in cue since 6am.

THE point here is, Malaysians arent looking for the cheapest deal, that could push business into bankruptcy, but what we want is a fair deal.

THE challenge is now for Anwar Ibrahim to build a fair deal across every strata of the economy landscape, and if it targets the vote deciders in most family ie mothers and wives,  all the better.

ANWAR Ibrahim, if you build it, they will come. They will come in droves, with their little broom sticks to give Perikatan Nasional a good nip in the bud, which they will NEVER FORGET.

Saturday 23 September 2023

Anwar Ibrahim speaking to a half empty United Nations ,wont matter if the Prime Minister ..

MALAYSIA Now,  the news portal run by former  MACC chief Latheefa Beebi Koya,'s baby brother seems to take pleasure READ : in reporting that Anwar Ibrahim spoke to a half empty crowd at the. United Nations.

THE  report is indeed true, but so what ? Will it really matter to Malaysians six months down the road if Anwar Ibrahim sticks to his game plan to abolish the approve permit regime for the automotive sector.

THAT very act itself,  will be good enough for the majority of Malaysians regardless of political affiliation to place Anwar Ibrahim as the only Prime Minister to have put the Malayian consumer first, well ahead of the approved permit kings.

THE approved permit King's thrived under the tutelage of Dr Mahathir, while the consumers had a yoke placed on their neck, that despite our low wages, we had to fork out even more US dollars than the American  consumer  has had to do for the same  set of cars.

WHILE Tengku Zafrul  would like to believe that READ : that the automotive AP regime will remain,  there is too strong a current which suggest Anwar Ibrahim is going to pull the plug on the Automotive AP business.

THE Malaysia  Government  can't say no to the other car makers, and I doubt they will say no, because targeting the AP business, has a two pronged benefit.

ONE, there will be a direct inflow of capital by foreign car makers to set up base in Malaysia, which is among the most vibrant automotive markets in South East Asia.

TWO, killing the AP will bring the cost of living down and provide the consumer adequate cash in the pocket to face the on going food inflation .

IF Razifi Ramli can slam dunk it for Malaysia, then come 2024 and beyond, the Malaysian voters won't give two hoots if even all the seats at the United Nations remain empty, but they will surely compare Anwar Ibrahim  to Tun Mahathir on the AP scorecard.

WHAT the heck, most of us might even come to the conclusion that Anwar Ibrahim, should have been given the Prime Ministership, a decade earlier, READ : as in 2013, when Daim Zainuddin said that the government should consider abolishing the Open AP policy for the import of vehicles to help reduce the cost of owning cars in Malaysia.

Friday 22 September 2023

The Killing Field Part 2 : Langgeng dan bahagia dalam dunia kepura puraan

NOT since the days, of the first trial of Anwar Ibrahim had I come across a newspaper article with so much half truths in it ,that the entire integrity of the editorial board had been tarnished by a stroke of a pen.

YES, the adults will laugh at it, the children will throw stones at it and worst still doge shall gather from all across Malaysia, just to bark at it . 

LEMBU punya Susu, Sapi punya Nama, is  the term that best comes to my mind, as to who in Malaysia prevented a food crisis in 2008.

IT was the then Prime Minister Najib Razak who prevented the crisis and certainly not Bernas, which was supposed to absorb the losses but washed it's hands off, forcing Najib Razak's Government  to subside the purchase of foreign rice into Malaysia. READ : Looking Back at the ST15 RICE, Was this a subsidy to help the poor buy cheap rice or was it a subsidy to benefit Bernas directly?

THE government eventually had to kill the ST15 Rice , which BERNAS was tasked to manage READ : But there were too many leakages in the Bernas managed scheme that Parliament demanded that this can't go on.

SO the only time when the shit hit the fan, ie that being in 2008, Bernas not only wet its pants but the Government had to buy dispers for Bernas as well READ : to the tune of a RM750 per tonne subsidy for millers such as Bernas to process the ST15 Rice.

BERNAS sleeps on the job and yearly gets RM600 million to so call manage the country's rice needs but the moment there was trouble in 2008, who had to step in ? The Government of Malaysia.

FAST forward 15 years, to present day 2023, only for us to learn what out kindergarten teachers thought us is actually the gospel truth ; a leopard never changes it spots. READ :To the rescue for Malaysia, is the government's own Lembaga Pemasaran Pertanian Persekutuan (FAMA) and NOT the cash rich BERNAS

SO why are all of us still playing Santa Clause to a bum like Bernas???

WiseGuy inside The Corporate Mafia : Big Mouth Stikes Again!!

IN shocking 24 hour period,  the Kedah Menteri Muhammad Sanusi Md Nor has unintentionally  given life to a story that Hong Seng Consolidated's owner Teoh Hai Hin may have duped fellow listed entity CSH Holdings Bhd or worst still the Corporate Mafia had deliberately withheld information so that Perikatan Nasional will remain in power in Kedah.

MERELY threw months before the deal  with CSH Alliance there were significant movement in its board room, involving senior ex police officials.

 NG Keok Chai, the former Principal Assistant Director in Forensic Accounting Investigation Division, Commercial Crimes Investigation Department, Royal Malaysia Police, abruptly quit from being a director at CSH Alliance on March 2023.

IN April, Chong Mun Phing, the former  Assistant Director of Investigation {Syndicated Crimes}, CCID joined the CSH Alliance Board.

NG Keok Chai, quit CSH Alliance, supposedly because he wanted to focus on his job as executive chairman of Classita Bhd, in which Hong Seng is the major shareholder

DAYS after Ng Keok Chai quit the board of CSH Alliance, the former Business Times Chief Editor, Ahiruddin Attan, who is known to be close to Prime Minister Anwar Ibrahim wrote on his blog READ : The MACC is unscrupulous enforcement officers in our enforcement agencies, had been working hand in hand to fix certain targets in the corporate sector.

GREEN Packet Bhd, Revenue Group Bhd, Classita Bhd, CSH Alliance, Hong Seng Consolidated, MMAG are a slew of companies that is reportedly controlled by the now often unseem alleged Corporate Mafia crime boss Victor Chin Boon Long.

VICTOR Chin Boon Long allegedly man manages Hong Seng Capital, which oversees the money lending business of the increasingly dodgy Hong Seng Capital.

LET'S check our what is inside Hong Seng Frontier Sdn Bhd.

ACCORDING to CSH Holdings,  Hong Seng Frontier Sdn Bhd , is the beneficial owner “and has full benefit and interest” over a building comprising a factory, warehouse, office and a canteen that are erected on a 21,680 sq metre leasehold plot in the Bakar Arang Industrial Estate in Sungai Petani, Kedah.

The land’s registered proprietor is Perbadanan Kemajuan Negeri Kedah (PKNK) and the plot has  been leased to HS Vision One Sdn Bhd (HSV) and charged to Public Bank Bhd for a loan facility to Hong Seng Frontier Sdn Bhd.

Hong Seng Frontier Sdn Bhd, however, has “full interest over the lease of the land pursuant to a sales and purchase of lease agreement dated May 31, 2023 entered with HSV,” CSH Alliance’s filing read.

ALL of this chinaman deal looks very fine on paper until enter the Perikatan Nasional hero, the menteri besar of Kedah Muhammad Sanusi Md Nor,  opened  his BIG MOUTH.

SO if Muhammad Sanusi Md Nor had been provided with this privileged information in 2022 the questions should be what is Teoh Hai Hin thinking off, when he entered into an agreement with CSH Alliance using the supposedly rental income CSH Alliance will receive from the Hong Seng plant ON JUNE 2023 which by the way has now been axed.

OR does Hong Seng Consolidated  wants us to now believe that the deal not to start the RM3 billion factor was only made on September this year.

ATTENTION home minister of Malaysia, who is in charge of police affairs Saifuddin Nasution Ismail and PRIME MINISTER Anwar Ibrahim,  at worst Hong Seng merely wanted to dupe CSH Alliance Bhd, but at best the Corporate Mafia who are known financers of Perikatan Nasional have declared WAR AGAINST PAKATAN HARAPAN AND THE UNITY GOVERNMENT.

THE declaration was manifested from the Corporate Mafia by deliberately withholding information that it was going to pull the plug on a RM3 billion investment, because by doing so,  and now proven to be correct, Perikatan Nasional can HUMILATE Anwar Ibrahim in the now concluded state election in KEDAH.

Thursday 21 September 2023

The Killing Field, where Malay Rice Millers Are Sent To Die.

BERPALING is a one worder to0 the English saying to have your head turned to a different direction due to the lust for money and with that the quest for power and the other finer things in life.

TUN Mahathir's Proklamasi Orang Melayu, I suggest in the strongest of terms change your name to Proklamasi Orang Kaya Melayu, for that is the disgrace you have become.

YOU claim to champion the rights of the Malays but in areas even a  blind man can see , that they are being oppressed,  you turn  the other cheek. READ On bended knees, the Malay Rice Millers Cry for Help

AND your barking  bull of a dark skin, whom Khairy Jamaluddin swears is the real deal, the superstar  of the moment, the menteri besar of Kedah  Muhammad Sanusi Md Nor,  is just another politician who does not have the testicle to name the so called NAGA led Kartel. READ : Otak Muhammad Sanusi Md Nor memang bukan otak udang. Pak Syed Mai, Sanusi terus menghilang

AND why is that so? Is it because when you read thier shareholders list it all leads back  to Bernas and those precieved to be close to the other Kedah billionaire  known as Daim Zainuddin. 

AT the end of the day, it all boils down to the lust for money,  never mind if it undermines the aspirations of Malays in land bestowed by GOD to them.

IN 2019, the Malay Rice Miller some which earn only RM500 a month, could still put out a football team, as they had 15 MEMBERS.

TODAY they are down to only 10 good men left. Where is that boisterous echo  of come what may, united we shall overcome voice of BERSATU?   READ : The RM195 million donation. that shut Bersatu's voice

HOW is it from having a p Malay based rice owning mill base of more than 100 , while some estimates placed them at around  200 Rice mill owners, when Syed Mokthar emerged as the universal force in Bernas, they are left with just TEN  left for extinction ?

IS this what the rice millers signed up for under VIEW :  The Special Bernas Plan For Bumiputera's is that UNTOLD story that must RETOLD.

THE story must be retold, but definitely not by the Syed Mokthar owned Malaysian Reserve. 

WHY not the Malaysian Reserve? My response for now is WAIT. ...just you WAIT for TOMORROW .... to be continued...

Wednesday 20 September 2023

Revenue Group Bhd ; Cuba Berdiri, Jatuh itu PASTI

FRANCIS Leong Seng Wui's Revenue Group Bhd trades at 21.5 sen, but for how long will this sweet honeymoon  go on?

REVENUE Group at 21.5 sen is over valued by READ : some 153 per cent to bring its fairvalue at 8.5 sen a share.

A steep market value over Its fair value , how ever was not a convincing  story for READ : the 2022, Nobel prize winner in. economics, Douglas W Diamond who helps run the DFA Fund, nor Malaysian billionaire Vincent Tan  who owns Interpac to remain as shareholders of Revenue Group.

THE American fund and the billionaire, it seems had run away far from Francis Leong Seg Wui as  perhaps they do not want to be cursed with guilt via association. 

ARE they other reasons why  the big money is screaming to the small money to get the hell out while they still can.

SO what is the reason?  It's a four letter word known as Levered Free CashFlow. Revenue Group's Levered Free Cashflow is not only  negative,  it is negatively deep in red to the tune of RM 44 million.

WHAT is Levered  free cashflow? Levered free cash flow (LFCF) is the amount of money a company has left remaining after paying all of its financial obligations. LFCF is the amount of cash a company has after paying debts,

Ronald Kiandee, Bodoh tu, Jangan dihabiskan Sekali Gus, sebab esok dan lusa nak pakai lagi!

SABAH's  sole Bersatu member of Parliament, trends on Tik Tok as a stern warning to Malaysians, on the dangers of sending a genuine intellectually challenged  human being to Parliament. 

RONALD  Kiandee,  I repeat is not a mentally retarded human being and nor is he inflicted with tbe Down Syndrome.

SO how do we define Ronala Kiandee? Well the best description on Ronals Kiandee, you can get ie not from the Oxford dictionary.

GO to the Dewan Bahasa version and look out for BOD0H SOMBONG,  and you will find Ronald Kiandee there .

I cant believe that this wanker from Sabah ,who happens to a former Agriculture Minister actually had VIEW ; the gall to ask where is the missing rice, farmers themselves had told thier story that paddy pest, lack of rainfall, bad irrigation created the perfect storm that shrank output by more than half.

IT might come as a shock to a seasoned bodoh sombong like Ronald Kiandee that , nature, insects and some ex agriculture Minister's lack of  foresight and plain intelligence  can cause such as economic crisis.

AND, Ronald Kiandee, atleast not at this time  when the world is tipping towards a world war,while changes in the weather patterns are in a different type and class of war, do we have time to consider the realms 

NOT enough of minuets for us to even consider the plain bodoh sombong  theory that  Ronald Kiandee',s  missing paddy have been spotted in Jamaica with a very alive Elvis Presley and Michael Jackson 



Monday 18 September 2023

Francis Leong Seng Wui, Time is a double edged sword.

FRANCIS Leong Seng Wui has obviously bought time by getting the Companies Commission of Malaysia to READ : allow Revenue Group not to hold shareholders meeting until March 2024.

REVENUE  Group Bhd shareholders, last gathered under one roof, back on Dec 6 2022, when its net income to stockholders stood at RM12.4 million as opposed to its current net income to shareholders SINKING in to NEGATIVE of  RM36 million.

 MAXIMUM time for a postponement under section 340 of the Companies Act 2016, is 15 months, which is what Revenue Group had opted form.

FRANCIS Leong Seng Wui, most definitely had acquired some breathing space, without realising that time is a double edged sword .

BURSA Malaysia, under the very well taken care of financially Wahid Omar , and Umar Swift, in terms of legally obtained salary of course, may have faked incompetence, for not putting Francis Leong Seng Wui to the stress test, specifically on the controversial purchase of  READ : a controlling 51% stake in Innov8tif Holdings Sdn Bhd for RM36 million.

THE common shareholders of Revenue Group, therefore shall do the job which Wahid Omar and Umar Swift were so super reluctant to do.

I shall not go into detail, on the entire spectrum of questions designed by a group far more sophisticated than the Corporate Mafia,  but what I will do here,  is just to take the mid question and not the killer questions designed to embarrass and floor Francis Leong Seng Wui for good.

AND the mid point question would be ; How come lah Leong Seng Wui, you did not disclose to Bursa Malaysia, that since April 27, 2018, you have been a firm supporter and SHAREHOLDER of  Securemetric Bhd.

WHAT is very strange in Francis Leong Seng Wui's multiple  purchase of Securemetric Bhd shares is, he actually bought it all for cash, and did not pledge it to K N Kenanga, as in all his other purchase imof public listed companies.

AND why is Securemetric important in this conversation? Well because ,Securemetric owns 20 per cent of Innov8tif.

THE very fact that neither the regulator was made aware of it and nor  did the independent valuer, mention this little piece of information is definitely cause for EXTREME CONCERN.

IF such an incident like the above, had taken place, say in neighbouring Singapore, most  will definitely assume thier regulators  would have thrown the entire penal code, plus anything else within reach on the heads of the parties concerned.

AND why will most of us make that assumption? It must be because our eyes can judge  their actions, which we often attribute to be from those who are competent as well as CORRUPT FREE.

I said it, and now Mat Sabu echo's it

NUMBER'S  don’t lie. People lie and manipulate numbers, but numbers they never tell a single lie, definitely holds true in the manufactured  rice  crisis in Malaysia .

SYED Mokthar and his 100 per cent owned Bernas from which he has collected close to RM1 billion in dividends in a span of 36 months, has come out smelling like a bed of roses, when the agriculture minister told Parliament today that BERNAS had to import 38 per cent more rice, than it even had to do before. 

THAT would bring , RICE imports by BERNAS to about 69.2 per cent to 71 per cent of Malaysia's rice needs.

WHILE Malaysian farmers, who normally supply READ : 62.6 per cent of the Rice consumed in this country saw thier output drop drastically by more than 50 per cent to a maximum contribution of 30.8 per cent.

FALSEHOOD was being streamed on Tik Tok into our homes that rice millers in order to make a quick buck was mixing imported and local rice together to make a quick buck.

WHEN in actual life they was no local rice to be mixed with in the first place because the paddy farmers were being hit by one calamity after another from weather patterns, water drainage issues and diseases killing their livelihood away.

RICE millers, especially  the BUMI PUTERA  rice millers are the only group in the paddy chain, with money, who oppose the  manner  in which Syed Mokthar is given privileges, denied to other sons of this soil. READ:Malay Rice Millers United In the Stance : Bernas Must GO!

THE entire PR Blitz,  will count giving rice millers a bad name as merely an insignificant bonus, as there was a two pronged agenda here at play.

FIRST , the lesser agenda, namely which is to show why BERNAS in its present form should not be shown the door, with the keys thrown away for good.

CONSIDERING, that Syed Mokthar has cashed out more than RM900 million (closer to a billion ringgit, really) over a three year period, in dividends, the average dividend pocketed by Syed Mokthar would be in excess of RM300 million a year.

THE entire PR Blitz had a RM90 million REASON to it because 30 per cent out of zero will always be ZERO. READ : Anwar Ibrahim, says Bernas going forward will have to pay 30 per cent of its profits to the B40 poverty stricken farmers.

CLEARLY ,there is a move to embarrass the Prime Minister if the 30 per cent profits ends up to be zero or a very insignificant  point percentage to the farmer.

ALL these are of course definitely coincidence, even if it is coming from a man who READ : gave Bersatu RM195 million in cash, merely 76 days after Muhyiddin Yassin gave Bernas a 10 year new concession.

ESG triumphs over Bursa Malaysia on Hong Seng Consolidated Bhd.

ABOUT 24 months before Hong Seng Consolidated Bhd, became the bona fide and certified by retail  investors as the PARIAH stock on Bursa Malaysia, ESG already knew it. 

THE Environmental,  Social and Governance  Platform or best known by its acronym ESG, have often been touted by its critics as a work in progress conceptional plan.

THEN of course we have people like Wahid Omar, who although on paper is designated as non executive,  his weekly chairing and input on Bursa Malaysia's weekly meetings, has seen him impose his will on the working committees.

WAHID can certainly READ : can certainly talk a good ESG talk, but in terms of practising it, there is nothing much to say, from Serba Dinamik Bhd to Revenue Group Bhd, its the same sad story.

IN the case of Hong Seng Consolidated , the report first prepared on October 2021 by VIEW : Morningstar Sustainalytics, is condemning and worrisome enough.

YET, it is short and very presice.  If Bursa Malaysia, truly wants ESG to be followed by the retail market,  then every public listed company should have this on pager report, which is good enough for investors to have an informed overview of a company.

MY take back from the report above, just by glancing at it one time, is that, Hong Seng Consolidated which through out very late 2020 and most of 2021, announced one giant plan after another,  running into billions of Ringgit, was basically  a company with a staff strength of TWENTY TWO.

THAT in it self should have been a red flag, that perhaps the projects were the pie in the sky type. 

AT, Hong Seng Consolidated 's peak market valuation of RM8 billion, its staff strength to market valuation (8 billion/22) was  an astonishing RM363 million per staff.

YET for a company, with a RM363 million per staff as its headline, the report notes that based on the ESG score card 32.6, Hong Seng Consolidated is the type of company that is negatively impacting the environment and has employees who are being poorly treated.

Sunday 17 September 2023

BERNAS is good as Dead.

BACK in June 2023, the Malaysian Rice Grain Wholesale Association had READ : forewarned the nation, that there was a 50 per cent drop in local rice supply.

TENTATIVELY, a 50 per cent drop is equivalent to 31.3 per cent, local rice supplied by paddy farmers inside Malaysia.

WE  won't be restricted to READ :100k of rice per year cap purchase by per individual, if Bernas had covered the short fall, without the Government having to take off , to help sort out BERNAS very land back approach to this crisis.

SUPPLY, READ :  now seems to have been resolved, but for the manner and speed in which the supply chain seems to have been fixed READ :following a 36 per cent increase in the retail price of rice, seems to suggest that hoarding of imported  rice may have taken place.

WHO is the biggest winner in all this? It is  BERNAS, who seems to have a mixed personality.One hand Bernas is the nation',s sole rice manager and importer.

THE other face of BERNAS is that of a pure company for profit persona READ :with the best grade local grain being packed off to its own mills, claimed The Malay Rice Millers Association .

REGARDLESS, on how, we wish to see things, it is pretty obvious that Syed Mokthar has to be taken out of BERNAS, for poorly managing the rice needs of the nation.

THIS is the second time this year, Syed Mokthar via his actions have put Anwar Ibrahim's Unity Governent in a very tight spot.

DON'T discount a third strike by Syed Mokthar who collected nearly RM1 billion cash in dividend over a span of three years, might pour cold water of the Government's plan to give paddy farmers 30 pee cenf of BERNAS profit.

HOW will he do it? Simple READ: ; by getting Bernas to declare a group level loss


Malaysia's Rice Inquisition starts with an Aggressive Bang From Perikatan Nasional

WE can't take it any more, says boisterous Perikatan Nasional crowd, who must surely feel it in their pulse, that the recent increase in retail rice price, and shortages in supply,  are the perfect storm to bring down Anwar Ibrahim. 

ON the other side of the fence, the Unity Government is just waiting for the rank and file to male the rice situation into a political crisis. 

IT would be like Christmas has come early for the Unity Government, who would have gladly bet their bottom dollar, that the Perikatan National TIK Tok belivers, have no clue that the the first PH Government had decided to not extend the Bernas concession.

HOWEVER, when the home minister of the first PH Government became the Prime Minister, he decided to extend Syed Mokthar's Bernas concession.

FOLLOWING the extension which the vast majority of Malay farmers in Perlis and Kedah, had written in , pleading that the concession not be extended, Syed Mokthar, READ ; donated RM195 million to Muhyiddin Yassin and Hamzah Zainuddin's Bersatu.

THE donation took place some 76 days after the concession was approved and PAS, who threw aside politics to support the first PH Government's plan to kill off Syed Mokthar's concession,  READ :became Syed Mokthar's biggest defender.

PERIKATAN Nasional as I have said before, will attempt to pass the buck to READ : Ronald Kiandee, as well as point an accusing finger at Ismail Sabri.

ISMAIL Sabri, who off late READhas been talking about poverty eradication and the negative effects of monopolies on food prices,best hope what he said in Parliament just this week, doesn't come back to haunt him.

THE haunting of Ismail Sabri will definitely come in another form. READ : In 2014, Ismail Sabri said that Syed Mokthar had given him a personal undertaking to relist Bernas in 2019..

ISMAIL Sabri looks like a prime candidate for BERSATU to throw into the deep blue ocean for not stopping the concession deal, considering he was Prime Minister in 2022, and did nothing to stop a monopoly like Bernas, having negative effect to consumer retail rice purchases.

OTHERS, which the bus is waiting for are , BERNAS itself. Surely, Malaysians will want to know despite getting RM600 million a year from the Government, READ : why is FAMA doing Bernas Job, a job which they have been paid handsomely

LAST but not least, Kedah Menteri Besar, Muhammad Sanusi Md Nor,  who often cries when talking about his poverty stricken childhood, will have to answer what the entire nation wants to know.

WE are convinced 100 per cent the teenage Muhammad Sanusi Md Nor, whom we all love, would have stood up and spoken for Joe Kedah and Joe Perlis, though shockingly the adult Muhammad Sanusi Md Nor,  merely stood in SILENCE.