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| Do Bumi businesses need less government? |
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Posted by: superadmin - 03-14-2024, 09:07 AM - Forum: Business. Economy and Investment
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During the seventh Bumiputera Economic Congress, Bursa Malaysia chairman Abdul Wahid Omar revealed that only one of 97 new listed companies in the last three years was Bumiputera-owned.
Although this is a headline catcher, it is not really alarming because a large percentage of the 995 companies on Bursa Malaysia are Bumiputera-owned and managed, and 81.5% are shariah compliant.
In 2013, when Wahid was a minister, 60% of top management in listed companies were Bumiputera.
From an economics perspective, the ethnicity of ownership of listed companies is largely irrelevant to commercial performance or economic impact and will not in general predict good or bad businesses or management.
The main impact of ethnicity is via preferential schemes which exclude others. This is distributional, not additive, so increasing the number of Bumiputera-owned listed companies does not have much meaning in economic terms.
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| Boeing whistleblower found dead from 'self-inflicted' gunshot wound |
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Posted by: superadmin - 03-13-2024, 09:49 AM - Forum: Business, Economy and Investment
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LOCAL authorities found Boeing whistleblower John Barnett dead from a self-inflicted gunshot wound in the state of South Carolina, The United States, over the weekend, the Charleston County Coroner's Office said in a press release.
"The Charleston County Coroner, Bobbi Jo O’Neal, is releasing the name of John Barnett, a 62-year-old male from Louisiana," the release said on Monday. "Mr. Barnett died on March 9, 2024, from what appears to be a self-inflicted gunshot wound."
The Charleston City Police Department is investigating Barnett's death, no further details are available at this time, the release noted, reported Sputnik.
Barnett was recently cross-examined by Boeing's lawyers and attorney, and he was scheduled to answer more questions this past Saturday but failed to appear, media reported.
Barnett, who worked at Boeing for over three decades before retiring in 2017, accused the company of cutting corners to get its 787 Dreamliner jets out of production quickly at the North Charleston plant, compromising the safety of the aircraft.
According to Barnett, the emergency oxygen systems on 787 Dreamliners had a failure rate of 25 per cent, meaning that a quarter of 787 Dreamliners were at risk of rapidly losing oxygen and suffocating the passengers if the cabins were suddenly decompressed. A federal investigation confirmed some of Barnett's allegations. - Bernama-Sputnik, March 12, 2024
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| MCA: Growing trend towards conservatism becoming increasingly worrisome |
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Posted by: superadmin - 03-12-2024, 04:30 PM - Forum: Stop Racism and Religious Bigotry
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THE call by the National Union of Flight Attendants Malaysia (Nufam) to the Department of Islamic Development Malaysia (Jakim) to look into the handling of alcohol by Muslim cabin crew is short-sighted, said the MCA.
Its youth secretary-general, Saw Yee Fung, said the enforcement of such a proposal will cause Malaysia’s commercial airlines industry to lose out on its competitive advantage.
"Ultimately, the biggest losers would be the employees in the private aviation sector themselves.
"Among other factors, the free-flowing alcohol served on board Arab-based airlines like Emirates and Qatar Airways without interference from religious authorities is a passenger puller.
"Adapting to clients’ needs rather than compelling customers to adopt one’s values will encourage travellers to fly with Malaysian-based airlines," she said in a statement.
As experienced flight attendants, Saw said Nufam would have earned plaudits by suggesting measures to raise the competitiveness of Malaysia’s airline industry and draw tourists.
"This can be done by suggesting to travellers to take advantage of Malaysia’s weak Ringgit and fly into and across destinations in Malaysia on board our Malaysian-based airlines," she added.
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| For some parents, SJKCs promise a brighter future |
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Posted by: superadmin - 03-11-2024, 09:13 AM - Forum: Educations
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PETALING JAYA: Civil servant Hazal Talib sends her daughter to a Chinese-medium school for one reason: to be fluent in Mandarin. The language, she contends, is used widely around the world.
“No matter where you go, there will be Mandarin speakers,” she told FMT. However, she also says getting her daughter to study in a SJKC (national-type Chinese school) goes beyond learning the world’s second most popular language.
A mother of four, she believes Chinese-medium schools do better than national schools when it comes to fostering national unity.
“I think it’s better to let our children attend an alternative stream so they can get to know children of other communities better (through daily interactions).”
She also finds the Chinese-medium schools have better facilities compared with many national schools. Hazal’s three other children attend national schools. Her daughter’s SJKC has an indoor stadium and air-conditioned classrooms.
Hazal is equally drawn to the school’s active parent-teacher association (PTA) which creates a conducive environment for students.
Her praise for the SJKCs tallies with the opinion of Bukit Bendera MP Syerleena Abdul Rashid of DAP, who said some parents were reluctant to send their children to national schools due to poor infrastructure, a lack of teachers, and inadequate resources.
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| Tee & Teo, the proverbial Bonnie & Clyde who rob the nation of its unity? |
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Posted by: superadmin - 03-09-2024, 10:43 AM - Forum: Stop Racism and Religious Bigotry
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THERE’S a Malay idiom bagai ketam mengajar anaknya berjalan lurus. Loosely translated, it means “like a crab teaching its offspring to walk straight”.
Those familiar with the crustacean know that the species could hardly move in a straight line. The idiom refers to someone who preaches one thing and does the opposite, just as a crab “teaching” its offspring to move in a straight line but could not do so itself.
No individuals embody this idiom more than university lecturers Prof Mohd Ridhuan Tee Abdullah and Prof Datuk Teo Kok Seong who are in the news of late but all for the undesirable reasons.
Ridhuan, a Chinese Muslim convert preacher, recently waded into the bak kut teh controversy when he claimed that the dish – by having been accorded the national heritage food status – could instill Chinese supremacy.
The dish, usually comprising pork cooked in herbal broth, is popular among the Chinese but its new-found status caused uneasiness among Muslims, especially UMNO and PAS leaders.
Born Tee Chuan Seng, the 58-year-old political science lecturer in Universiti Sultan Zainal Abidin in Terengganu is adamant that the bak kut teh polemics would only cause further division in the country.
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![[Image: boeing.jpeg]](https://media.thevibes.com/images/uploads/covers/_large/boeing.jpeg)
![[Image: Banning_serving_alcohol_akin_to_clipping...ine-01.jpg]](https://media.thevibes.com/images/uploads/covers/_large/Banning_serving_alcohol_akin_to_clipping_wings_of_airline-01.jpg)
![[Image: Sekolah-Pelajar-Student-primary-School-C...ernama.jpg]](https://media.freemalaysiatoday.com/wp-content/uploads/2023/02/Sekolah-Pelajar-Student-primary-School-Cina-Chinese-bernama.jpg)
