tag:blogger.com,1999:blog-129279382011-12-15T10:32:38.601+08:00This blog is about competitiveness of a country,a race, a state or a company.Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.comBlogger2091100tag:blogger.com,1999:blog-12927938.post-30803542649690070932011-06-20T02:39:00.050+08:002011-06-21T03:47:14.476+08:00<div class="post-title"></div><div class="post-title"></div><div class="post-title"></div><div class="post-title"></div><div class="post-title"></div><div class="post-title"></div><div class="post-title"></div><h3 class="post-title">My Comment on IMD 2011 World Competitiveness Ranking - Part 3 </h3>IMD analyze the countries based on four main criteria namely <strong>Economic <span class="IL_AD" id="IL_AD3" style="color: black;">Performance</span></strong>, <strong>Government Efficiency</strong>, <strong>Business Efficiency</strong> and <strong>Infrastructure</strong>.<br />.<br />Among the four criteria above. Malaysia ranking in <strong>Infrastructure</strong> are most steady and consistent but lowest among the four criteria:<br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2011&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2010&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2009<br />US&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1<br />Sweden&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2<br />Denmark&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6<br />Switzerland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4<br />Finland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3<br />Canada&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7<br />Germany&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9<br />Norway&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10<br />Iceland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9<br />Singapore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8<br />Japan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5<br />Netherlands&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11<br />Austria&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13<br />Australia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12<br />Israel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18<br />Taiwan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23<br />UK&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16<br />France&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14<br />Belgium&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15<br />Korea&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20<br />Hong Kong&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19<br />Luxembourg&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17<br />New Zealand&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21<br />Iceland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22<br />Portugal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24<br />Spain&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31<br />Malaysia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25<br /><br />US top in Infrastructure, and Sweden second for 3 consecutive year. Sweden ranked no 4 this year from 6 previous year in IMD 2011 Competitiveness ranking <br /><br />Malaysia consistently ranked around 25 to 27 in a dropping trend<br /><br />If Malaysia want to improve in Competitiveness ranking. Improvement in Infrastructure category have the highest chance to improve it overall ranking as Malaysia ranking in Infrastructure&nbsp;remain consistent even Malaysia IMD Competitiveness ranking moving up and down in the last 3 years.<br /><br />Among all the country. All&nbsp;<a href="http://en.wikipedia.org/wiki/Nordic_model">Nordic Model</a>&nbsp;countries or <em><a href="http://en.wikipedia.org/wiki/Scandinavia">Scandinavia</a> </em>ranked within top 10 of infrastructure ranking. This is similar to welfare state debated heavily recently among ruling party and opposition PAS.<br /><br />However, Nordic model are high tax country. Sweden (2) are the highest tax rate country in the world. Ikea, a Swedish company, move to Denmark initially and later to Switzerland due to&nbsp;high tax rate.<br /><br />US (1) ranked first under Infrastructure category but have more competitive tax rate compare to Nordic model country. Among the country within top 10 under Infrastructure. Singapore, the only aisa country.&nbsp;consistently ranked within top 10 ranking with much lower tax rate than US and other western countries.<br /><br />I feel it is a bit difficult to model against Sweden if PAS or Pakatan Raykay want to implement welfare state especially it high tax rate. Despite I have advocate <a href="http://competitivemalaysia.blogspot.com/2005/12/benchmarking-of-asia-country.html">Malaysia to follow Sweden</a>, but not on the tax rate. Sweden company like Sony Erricson, Electrolux&nbsp;also not the most competitive company in the world. However, Sweden are one of the countries that invest most in R&amp;D in terms of percentage of GDP. <br /><br />Furthermore, Sweden ranked either as the first or second country publishing the highest number of scientific publications in the fields of medical science,&nbsp;<span style="color: #0645ad;">natural science</span>&nbsp;&nbsp;and engineering in 2001. Sweden was world-leading in medical science and second only to Switzerland in natural science and engineering in terms of the number of publications per capita.<br /><br />However, there is more information and publication that able to obtian on Finland&nbsp;then Sweden. Thus, it is far more easy to model against Finland than Sweden. Finland has high number of NGO and active civic society.However, in Malaysia, NGO are used to push up water tariff. Malaysia can't rank high in infrastructure if utility cost are high.<br /><br />Further,&nbsp;Finland company like Nokia are more competitive than Sweden Sony Erricson. Further, Finland have more technology innovation like Linux,email and recently Angry Bird game etc.<br /><br />However, <a href="http://en.wikipedia.org/wiki/Nordic_model">Nordic Model</a>&nbsp;countries have strong labour Union, which is bad on economic base on history in UK. UK in reccession under ruling Labour Party until take over by Margaret Thatcher Conservative Party. However, UK has loss it competitiveness to Germany. Thus, both BN and Pakatan Rakyat in Malaysia should learn from this experience.<br /><br />In Finland , Education is compulsory between the ages of 7 and 16&nbsp;. Tertiary education is free and living expenses are to a large extent financed by the government through <span style="color: #0645ad;">student benefits</span>. If Education is free, then, the recent Public Service Department (PSD) scholarship mess can be avoided.<br /><br />Last year, Malaysia ranked 10th in IMD Competitiveness ranking in 2010 and Norway ranked 9th. Sadly, Non of the private sector nor GLC HQ model again DIGI HQ <a href="http://thestar.com.my/lifestyle/story.asp?file=/2007/1/2/lifeliving/16324199&amp;sec=lifeliving">D'House</a>&nbsp;. Digi are only one of successful company from Norway in Malaysia. However, it is undeniable that Malaysia working cultural a bit difficult to change to D'House Model.<br /><br />Base on the above analysis. I feel Malaysia can model against Finland and Singapore on Infrastructure<br /><br /><br />Related Post: <br />Lim Kit Siang : <a href="http://blog.limkitsiang.com/2010/09/07/why-do-finlands-schools-get-the-best-results/">Why do Finland’s schools get the best results?</a><br />Randon Shots : <a href="http://amelia7.blogspot.com/2011/03/more-is-more-or-less-is-more-finland.html">Finland...Where Less Is More </a><br /><br /><br /><br /><br /><br /><a href="http://competitivemalaysia.blogspot.com/2011/06/my-comment-on-imd-2011-world_14.html">Part 2: Economic Performance</a><br />Next Part 4: Business Efficiency<br /><br /><div class="post-title"><br /></div><div class="post-title"><br /></div><div class="post-title"><br /></div><div class="post-title"><br /></div><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-3080354264969007093?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-61777636103597157662011-06-14T22:00:00.005+08:002011-06-15T01:43:58.128+08:00IMD analyze the countries based on four main criteria namely <strong>Economic <span class="IL_AD" id="IL_AD3" style="color: black;">Performance</span></strong>, <strong>Government Efficiency</strong>, <strong>Business Efficiency</strong> and <strong>Infrastructure</strong>.<br /><br />Among the four main criteria above. Malaysia rank high in Economic Performance. Minister of international Trade and Industry, Dato' Sri Mustapa Mohamed issued a <a href="http://www.mpc.gov.my/mpc/images/file/Press%20Release/MEDIA%20STATEMENT%20BY%20YB%20MINISTER%20-%20on%20IMD%20Report%20-%2019%20May%20_final_.pdf">media statement</a>, which specifically stated : <br /><div align="left">8. It should be highlighted that the ranking for Economic Performance, which gives a</div><div align="left">macro economic evaluation of the domestic economy and is based on real/hard data,</div><div align="left">improved to 7<span style="font-family: Calibri;"><span style="font-size: xx-small;">th </span><span style="font-size: small;"><span style="font-size: small;">position this year ahead of Taiwan, Sweden, Canada, Australia, UK and </span></span></span><span style="font-family: Calibri; font-size: small;"><span style="font-family: Calibri; font-size: small;"><br /></span></span><b><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><b><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"></span></span></b></span></span></b><br />Switzerland. Malaysia has come a long way since 2007 where we were ranked 12<br /><br />Let see the trend as usual:<br /><br />IMD 2011<br />Economic Performance:<br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2011&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2010&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2009<br />United States&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1<br />Qatar&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5<br />China&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2<br />Hong Kong&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3<br />Singapore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8<br />Germany&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6<br /><strong>Malaysia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9</strong><br />Luxembourg&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4<br />Thailand&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14<br />Australia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15<br />Netherlands&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7<br /><br /><br />Economic Performance is only criteria that Malaysia has 3 consecutive uptrend. From 9th in 2009 move up to 8th in 2010 and again to 7th position in 2011.<br /><br />Malaysia has overtake&nbsp; Luxembourg, Thailand, Australia and Netherlands, which ranked higher than Malaysia one or two years ago.<br /><br />However, Germany, which ranked lower than Malaysia previous year, has overtake Malaysia in 2011,&nbsp; thanks to Germany buoyant exports and a more flexible labor market. Coincidentally, Germany also ranked 10th in IMD world competitiveness ranking. A spot Malaysia occupy in 2010.<br /><br />We have <a href="http://competitivemalaysia.blogspot.com/2005/12/benchmarking-of-asia-country.html">benchmark German against Japan in Asia in 2005</a>. Germany banking industry relation with business is like Keiretsu of Japan. It is this form of banking relation that cause Japan into prolong recession, of which, Malaysian ex-Finance Minister Tun Daim has prevent such banking industry relationship that prevent Malaysia into a Japan like recession during 1997-98 Asian Financial crisis<br /><br />The relation of Deutsche bank with Siemen and daimlerchrysler is like of Mitsubishi in Japan.<br /><br />However, Germany has a large SME base which is similar to Taiwan and Malaysia. German SME, which is family base like Malaysia, however, able to continuesly advance in technology. SME in Malaysia usually unable to advance in technology or technology will loss after pass to next generation. This is largely due to popularity of Germany vocational training. Malaysia in correct direction by promoting vocational training among non-bumiputra entrepreneur recently. Vocational training common among bumiputra but not common among non-bumiputra despite there is no quota of entry like other institute of higher learning. Malaysia should make full used of <a href="http://www.gmi.edu.my/">German Malaysia Institute</a><br /><br />As Malaysia able to overtake Germany last year. There is a possibility that Malaysia will overtake Germany again.<br /><br />It seem a bit difficult to challenge US(1) and China(3) as this is the two economic giant in the world. Hong Kong(4) benefited from China with it close proximity. This leave only Singapore. Malaysia able to leverage on Singapore economy with it close proximity among the two.<br /><br />The Southern Development Corridor and Iskandar Malaysia is a way of Malaysia try to leverage on Singpore economy. However, Malaysia should solved it biometric system&nbsp;mess at second crossing fast. <br /><br />It is undeniable that Malaysia moving to the right direction by implementing Greater Kuala Lumpur under Economic Transformation Programme (ETP), which will expand the economic effect of Singapore from Iskandar Malaysia further to Kuala Lumpur. However, this is a long term project hat will take time to see it effect.&nbsp; Malaysia only able to leverage on Singapore via Southern Development Corridor and Iskandar Malaysia in short term. Thus, Malaysia should solved the mess cause by biometric system fast.<br /><br />Part 1 : <a href="http://competitivemalaysia.blogspot.com/2011/06/my-comment-on-imd-2011-world.html">My Comment on IMD 2011 World Competitiveness Ranking - Part 1</a><br />Next Post : Part 3: Infrastructure</div><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-6177763610359715766?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-87198236863289536032011-06-13T01:57:00.019+08:002011-06-15T01:40:12.913+08:00Our global competitiveness rankings for 2011 as produced by the Switzerland-based Institute of Management Development (IMD) ranked Malaysia 16th out of 59 countries, marking a&nbsp;significant drop&nbsp; from 10th in 2010. Malaysia ranked&nbsp;18th in 2009.<br /><br />Base on a 3 year trend. Malaysia still moving up from 18th in 2009 to 16th in 2011. At least it is an up trend.<br /><br />When the rankings jump from 18th in 2009 to 10th last year. Government should know it is not easy to sustain. Malaysian would not have such disappointment if government evaluate it sustainability last year. It is now clear&nbsp;that Malaysia ranked high in 2010 due to 2008/2009 Global Financial crises which cause a lot of European country ranked lowly rather than Malaysia improved it own competitiveness. Now, when some European countries rebound. At least we can see where we stand.<br /><br />Let have a 3 year ranking to see what is trend of&nbsp;Malaysia :<br /><br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2011&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2010&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2009<br />USA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1<br />Hong Kong&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2<br />Singapore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3<br />Sweden&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6<br />Switzerland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4<br />Taiwan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23<br />Canada&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8<br /><b><span style="font-family: GillSans-Bold; font-size: xx-small;"><span style="font-family: GillSans-Bold; font-size: xx-small;">Qatar&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14<br />Australia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7<br />Germany&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13<br /><b><span style="font-family: GillSans-Bold; font-size: xx-small;"><span style="font-family: GillSans-Bold; font-size: xx-small;">Luxembourg&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12<br />Denmark&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5<br />Norway&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11<br /><b><span style="font-family: GillSans-Bold; font-size: xx-small;"><span style="font-family: GillSans-Bold; font-size: xx-small;">Netherlands&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10<br />Finland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9<br />Malaysia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18&nbsp;</span></span></b></span></span></b></span></span></b><br /><b><span style="font-family: GillSans-Bold; font-size: xx-small;"><span style="font-family: GillSans-Bold; font-size: xx-small;"><b><span style="font-family: GillSans-Bold; font-size: xx-small;"><span style="font-family: GillSans-Bold; font-size: xx-small;"><b><span style="font-family: GillSans-Bold; font-size: xx-small;"><span style="font-family: GillSans-Bold; font-size: xx-small;"><b><span style="font-family: GillSans-Bold; font-size: xx-small;"><span style="font-family: GillSans-Bold; font-size: xx-small;">Israel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24</span></span></b></span></span></b></span></span></b></span></span></b><br /><br />In fact, Malaysia has move up from 23th&nbsp; in 2007 to 16 in 2011<br /><br />Singapore, which often benchmark against Switzerland&nbsp;and Hong Kong has been consistently rank higher than Switzerland<br /><br />The highest up trend country was Taiwan, up from 23th in 2009 to 6th in 2011.After change of ruling party pro- China via Economic Cooperation Framework Agreement (ECFA)<br /><br />I have advocate Malaysia to <a href="http://competitivemalaysia.blogspot.com/2005/12/benchmarking-of-asia-country.html">benchmark against Sweden</a>&nbsp;and<a href="http://competitivemalaysia.blogspot.com/2005/09/bric-or-iric.html"> Taiwan</a>&nbsp;as early in 2005<br /><br />Look at the above trend again. If we benchmark against Norway, which rank No 9 last year, We might still at 14th this year as Norway has drop to 13th. Thus, it is other countries that have improved their competitiveness that they overtake Norway and Malaysia rather than Malaysia dropping in Competitiveness.<br /><br />Of course, Malaysia do drop in competitiveness to Netherland (14) &amp; Findland (15).<br /><br />Malaysia should at least rank 12th if able to overtake last year 9th position........Norway.<br /><br />Hong Kong ranked top in both Government Efficiency &amp; Business Efficiency<br /><br />US ranked top in Economic Performance and Infrastructure<br /><br />Singapore ranked second in both Government Efficiency &amp; Business Efficiency after Hong Kong<br /><br />Hong Kong ranked 4th in Economic Performance and Singapore ranked 5th<br /><br />Sweden ranked second in Infrastructure after US for last 3 consecutive year<br /><br /><br /><br /><strong>Related Post:</strong><br /><strong>Lim Kit Siang :&nbsp;&nbsp;<a href="http://blog.limkitsiang.com/2011/05/18/malaysia-slips-in-economic-competitiveness/">Malaysia slips in economic competitiveness</a></strong><br />Tony Pua :&nbsp; <a href="http://tonypua.blogspot.com/2011/05/competitiveness-rankings-drop-just.html"><span style="color: #898989;">Competitiveness Rankings Drop: Just "Perception"?</span> </a><br />Lim Guan Eng : <a href="http://limguaneng.com/index.php/2011/05/24/malaysia-has-dropped-six-places-from-10th-in-2010-to-16th-in-the-imds-2011-world-competitive-rankings/" rel="bookmark" title="Permanent Link to Malaysia has dropped six places from 10th in 2010 to 16th in the IMD’s 2011 World Competitive Rankings(en/bm/cn).">Malaysia has dropped six places from 10th in 2010 to 16th in the IMD’s 2011 World Competitive Rankings(en/bm/cn).</a> <br />&nbsp;Dr. Dzul :&nbsp;<a href="http://blog.drdzul.com/2011/05/18/malaysia-slips-in-economic-competitiveness/">Malaysia slips in economic&nbsp;competitiveness</a><br /><b><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><b><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><b><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><span style="color: #cc3300;">Din Merican: the Malaysian DJ Blogger : <a href="http://dinmerican.wordpress.com/2011/05/19/malaysia-is-no-16in-imd-2011-world-competitiveness-rankingss-s/"><span style="font-family: Times New Roman; font-size: small;">Malaysia is No 16 in IMD 2011 World Competitiveness&nbsp;Rankings</span></a></span></span></span></b></span></span></b><br />1-million-dollar-blog : <a href="http://1-million-dollar-blog.com/2011-imd-world-most-competitive-countries/" rel="bookmark" title="Permanent Link to 2011 IMD World Most Competitive Countries">2011 IMD World Most Competitive Countries</a><br /><br /><br />Next Post: <a href="http://competitivemalaysia.blogspot.com/2011/06/my-comment-on-imd-2011-world_14.html">Part 2:Economic Performance</a></span></span></b><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-8719823686328953603?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-38927758567296002712007-06-07T11:52:00.000+08:002007-08-16T16:20:58.409+08:00<a href="http://www.ijm.com/">IJM Corporation Bhd</a> at one point of time one of the big three constrution company to watch. together with <a href="http://www.gamuda.com.my/">Gamuda</a> and <a href="http://www.rb.com.my/">Road Builders Holdings Bhd</a>. In fact, the largest market capitalise construction company on Bursa Malaysia is <a href="http://www.ytl.com.my/">YTL Corporation Bhd</a>.<br /><br /><br /><br />Recently, <a href="http://competitivemalaysia.blogspot.com/2006/10/tan-sri-chua-exit-road-builder.html">Road Builders Holdings Bhd was acquired by IJM Corporation Bhd</a>. This make IJM Corporation Bhd has an upper hand over Gamuda. Thus, the top two construction company might be YTL Corporation Bhd and IJM Corporation Bhd and Gamuda, one of the top three excluding governement link companies (GLC).<br /><br /><br /><br />If <a href="http://biz.thestar.com.my/news/story.asp?file=/2007/6/5/business/17930344&sec=business">IJM gain control of Kumpulan Europlus Bhd </a>. IJM group control two public listed contruction company and two property development company. IJM,Kumpulan Europlus Bhd, <a href="http://www.rbland.com.my/">RB Land Bhd</a> and indirect associated company <a href="http://www.talam.com.my/">Talam</a>. It become a giant company that you unable to ignore.<br /><br /><br /><br />However, it seem nobody control IJM!<br /><br /><br /><br /><strong>Who control IJM</strong><br /><br /><strong></strong><br /><br />IJM initially was part of the <a href="http://www.igbcorp.com/">IGB Group</a>. However, in order to raise capital for it Mid-Valley Megamall Project. IGB disposed off it stake in IJM to Zelan Holdings which ultimately control by Tan Sri Syed Mokhtar al-Bukhary.<br /><br /><br /><br />However, Zelan Holdings’s shareholding in IJM shrank after <a href="http://competitivemalaysia.blogspot.com/2006/10/tan-sri-chua-exit-road-builder.html">IJM made a general offer to acquire Road Builder (M) Holdings Bhd </a>last year via a share swap. This resulted in Zelan being unable to book in its share of IJM’s profits although it could still receive the dividends paid out by the latter.<br /><br /><br /><br />Zelan is sitting on a cash pile of about RM280mil after disposing of part of its stake in construction-based IJM Corp Bhd. Its net cash per share rose to 99.7 sen after the share sale from 66.3 sen previously.<br /><br /><br /><br /><a href="http://biz.thestar.com.my/news/story.asp?file=/2007/5/31/business/17889386&amp;sec=business">Zelan Chief executive officer Albert Chang confirmed that Zelan would continue to trim its interest in IJM, which currently stood at 9.67%. </a><br /><br /><br /><br />This mean Tan Sri Syed Mokhtar al-Bukhary and Zelan has lost control over IJM.<br /><br /><br /><br />Thus, IJM, such a large group of company, become a company that run by professional manager, it managing director Datuk Krishnan Tan with no controlling shareholder.<br /><br /><br /><br /><strong>Control by Accountant, not Engineer<a href="http://2.bp.blogspot.com/_kMVgqKNqiYY/RmeMIeBrRuI/AAAAAAAAAHA/FMDEan02ENU/s1600-h/b_pg01krishnan.jpg"><img id="BLOGGER_PHOTO_ID_5073177582383089378" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://2.bp.blogspot.com/_kMVgqKNqiYY/RmeMIeBrRuI/AAAAAAAAAHA/FMDEan02ENU/s320/b_pg01krishnan.jpg" border="0" /></a></strong><br /><strong></strong><br />Other than previously bumiputra control contruction company like Renong's Halim Saad, who is Accountant by training. Contruction company control by chinese usually control by engineer.<br /><br />Road Builder's <a href="http://competitivemalaysia.blogspot.com/2006/10/tan-sri-chua-exit-road-builder.html">Tan Sri Chua Hock Chin</a>,Gamuda's Y Bhg Dato' Lin Yun Ling, YTL's Tan Sri Francis Yeoh, even smaller <a href="http://www.mudajaya.com/">Mudajaya</a> group was headed by engineer.<br /><br />IJM, however, was one of the rare contruction company that lead by an accountant.<br /><br />Managing Director Datuk Krishnan Tan qualified as a Certified Public Accountant in 1978 after graduating with a Bachelor of Economics (Honours) degree from University of Malaya in 1975, and holds a Master’s degree in Business Administration from Golden Gate University, San Francisco, USA. Prior to joining IJM, he was with Kumpulan Perangsang Selangor Berhad for seven (7) years, his last position was Group Financial Controller of the Group.<br /><br />He joined IJM as Financial Controller in 1983 and joined the Board as Alternate Director on 12 June 1984, Director on 10 April 1990 and Deputy Managing Director on 1 November 1993. He assumed the post of Group Managing Director on 1 January 1997. He was redesignated Chief Executive Officer &amp; Managing Director on 26 February 2004.<br /><br />It is not easy for an accountant to grow a contruction company to such a size. So far, it seem no problem leading staff that was previously lead by engineer like staff he acquired from Road Builder Holdings (M) Bhd.<br /><br /><strong>Potential takeover target</strong><br /><strong></strong><br />With no controlling shareholder in the company. IJM become a likely take over target. However, being one of the largest market capitalisation contruction group in the market. It is difficult for just anybody to swallow the group.<br /><br />After spending so much for a company, the new controlling shareholder must be able to work with the current team or he must have the ability to manage such a large group if he intended to change the team.<br /><br />If nobody acquired the company eventually. IJM might be the first company in Malaysia like company in US,that the company was invested by institutional shareholder and manage by professional manager with no controlling shareholder. In such instances, IJM must have a strong team of independent director on the board and must have good succession planning for managing director.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><br /><br /><br /><br /><br /><strong></strong><br /><br /><br /><strong></strong><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-3892775856729600271?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com95tag:blogger.com,1999:blog-12927938.post-74256396885373600492007-06-05T11:30:00.000+08:002007-06-05T12:06:30.672+08:00Investment in shares, other than read it financial report. One way to select a company is to select it management. When you invest in shares in a company. You become a shareholder, or a partner of your company. Don't you want to know your partner well before you invest in a company?<br /><br />This is what a lot of speculator or investor in Malaysia did. In fact, it is a dangerous move if you invest in a company without knowing your partner well.<br /><br />I have a post <a href="http://competitivemalaysia.blogspot.com/2006/07/would-you-buy-toyota-camry-honda.html">Would you buy Toyota Camry, Honda Accord or Proton Chancellor?</a> which I have stated:<strong> <em>I feel investment in company equivalent to investment in a company CEO. If government let Idris Jala to head Proton rather then MAS. I might be consider as he has the track record of turnaround a company.</em></strong><br /><strong><em></em></strong><br />On May 29, 2007,<a href="http://biz.thestar.com.my/news/story.asp?file=/2007/5/29/business/17868096&sec=business"> Malaysia Airlines (MAS) reported a sustained turnaround with a net profit of RM133.1mil for its first quarter ended March 31, compared with a loss of RM319.9mil in the year-earlier quarter. </a><br /><br />While on June 1, 2007, <a href="http://biz.thestar.com.my/news/story.asp?file=/2007/6/1/business/17902275&amp;sec=business">Proton posts RM591mil loss</a>. The outcome was exactly the same as my prediction nearly <a href="http://competitivemalaysia.blogspot.com/2006/07/would-you-buy-toyota-camry-honda.html">one year ago on July 21, 2006</a>.<br /><br />MayBank and Ambank's management has recently <a href="http://www.blogger.com/Maybank%20rapped%20for%20pro-Bumiputra%20discriminatory%20policy">implement a policy that not base on merit but base on racist selection of it panel lawyer</a> until<a href="http://www.jeffooi.com/2007/05/probumi_policy_cabinet_orders.php"> directed by cabinet to stop it </a>.<br /><br />But non of the management responsible for implementing such policy has been removed.<br /><br />While Ambank was not appear not <a href="http://competitivemalaysia.blogspot.com/2007/06/stock-market-and-readers-digest-most.html">Reader's Digest Most Trusted Brand</a>. Maybank appear on the list together with Public Bank. I would certainly choose Public Bank over Maybank if I want to invest in banking stock.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-7425639688537360049?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-24306883240705069452007-06-05T10:32:00.000+08:002007-06-19T10:52:11.989+08:00My previous post <a href="http://competitivemalaysia.blogspot.com/2007/04/oil-refinery-and-electrical-home.html">Oil refinery and Electrical home appliance </a>stated that the US$7bil Trans-Peninsula pipeline (Transpen) was awarded to Tan Sri Syed Mokhtar Al-Bukhary's SKS Development Sdn Bhd. This was followed by a special exclusive report by Nanyang one week after my post stating a similar claim.<br /><div></div><div><br /><a href="http://1.bp.blogspot.com/_wJ57Z32jUD4/RmTQhWQ5x_I/AAAAAAAAABM/fLvi5tuJp6E/s1600-h/b_12syed.jpg"><img id="BLOGGER_PHOTO_ID_5072408351656757234" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://1.bp.blogspot.com/_wJ57Z32jUD4/RmTQhWQ5x_I/AAAAAAAAABM/fLvi5tuJp6E/s320/b_12syed.jpg" border="0" /></a><br /></div><div><a href="http://2.bp.blogspot.com/_wJ57Z32jUD4/RmTN_mQ5x8I/AAAAAAAAAA0/3V8DIYCD34A/s1600-h/b_12rahim.jpg"><img id="BLOGGER_PHOTO_ID_5072405572812916674" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://2.bp.blogspot.com/_wJ57Z32jUD4/RmTN_mQ5x8I/AAAAAAAAAA0/3V8DIYCD34A/s320/b_12rahim.jpg" border="0" /></a>However, last weeks, two ex-engineer with Petronas,Rahim Kamil Sulaiman (left) and Syed Izhar Al-Idrus (Right) claim the idea of the US$7bil pipeline was theirs but along the way the Government had also received two other proposals to build a similar pipeline connecting the west to east of Peninsular Malaysia. </div><div><br /></div><div></div><div>One was from UEM World Bhd and the other the widely publicised SKS Development Sdn Bhd (a private company linked to Tan Sri Syed Mokhtar Al-Bukhary) that has an arrangement with the Iranian National Oil Co.</div><div></div><div><br /></div><div>Rahim dismissed speculation that SKS and TPP were working together on the project.<br />“We have no relation with SKS by equity or contract in any form. If anyone claims this, we would be very keen to see the evidence.” reported <a href="http://biz.thestar.com.my/news/story.asp?file=/2007/6/1/business/17902684&sec=business">The Star</a>.</div><div></div><div><br /></div><div>Rahim Kamil Sulaiman 53 and Syed Izhar Al-Idrus hold 50:50 equity interest in Trans-Peninsula Petroleum Sdn Bhd (TPP), the promoter and developer of the project, while former Kedah Mentri Besar Tan Sri Osman Aroff is a director in the company. </div><div></div><div><br /></div><div>TPP has cleverly roped in big names such as <a href="http://www.ranhill.com.my/index.asp">Ranhill Bhd </a>to carry out the construction and engineering, Saudi Arabia’s Al-Banader International Group to supply the oil and Middle Eastern investors to take up stakes in TPP, Indonesia’s Bakrie &amp; Brothers tbk for pipe supply and PT Tripatra as its project manager. </div><div><br /></div><div></div><div>Non of Malaysian pipe manufacturing company benefit from that project, including Wa Seong.</div><img id="BLOGGER_PHOTO_ID_5072408132613425122" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_wJ57Z32jUD4/RmTQUmQ5x-I/AAAAAAAAABE/yxWv5wBC4DY/s320/events.jpg" border="0" /><br /><a href="http://thestar.com.my/news/story.asp?file=/2007/5/26/bizweek/17843670&amp;sec=bizweek">Ranhill shares price has rise before the announcement</a>. As both promoter was not running a conglomerate company like Syed Mokhtar. It is difficult to demand them to invest their profit into other project like electical home appliance as they do not have the resources and skill to do it.<br /><br />Update: SKS Development Sdn Bhd (a private company linked to Tan Sri Syed Mokhtar Al-Bukhary) still get the refinery portion of the project but not the pipeline<br /><div></div><div></div><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-2430688324070506945?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-58627194184904088942007-06-01T09:01:00.000+08:002007-06-05T10:32:31.458+08:00Leading stock market legend Warret Buffertt, who becomes the world second richest people after Microsoft's Bill Gates via investment in shares market, invest in brand name or what he call <strong>"Consumer Monopoly"</strong> like Coca Cola, McDonald, Wall Mart etc.<br /><br />Usually, I feel company list on Reader's Digest Trusted Brand Award are company with good quality product. York air conditional, market by Malaysian leading company <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">OYL Industries Bhd</a>, perceived to be a blue chip stock after Genting before the company <a href="http://competitivemalaysia.blogspot.com/2006/05/entrepreneur-or-investor.html">divested by Hong Leong group</a>. share price go up to RM50 at one point of time before Asia financial crisis. The same shares price trend was seen on another regular recipient of Trsted Brand Award, Panasonic.<br /><br />Non listed MNC product, like biscuit product categories recipient....<a href="http://www.danone.com.my/">Jacob's</a> by <a href="http://www.danone.com">Danone</a>, also has good quality. I wouldn't invest in local biscuit company like <a href="http://www.hwatai.com/">Hwa Tai</a>, <a href="http://www.hupseng.com/">Hup Seng </a>etc unless they able to produce the same quality product like Jacob's.<br /><br />Base on the above, there seem to be a relation between share price performance and recipient Reader's Digest Trusted Brand Award.<br /><br />However, some value become too high, like <a href="http://www.nestle.com.my/">Nestle</a> at PE ratio of 21.3. <a href="http://www.spritzer.com.my/">Spritzr</a>.... PE ratio at 17.4. Shares price already appear expensive.But, they is some gem yet to be discover.<br /><br />One of it is <strong><a href="http://www.pohkongjewel.com/">Poh Kong </a></strong>under Jewellery categogy. It PE ratio was only 5.3. That means you can recoup you investment within 5.3 years if the company able to maintain it current profit, which is likely if it was listed on Trusted Brand Award. Your invetsment will be double without any grow. However, usually a strong brand company, or what Warren Buffett term as company that enjoy <strong>Consumer Monopoly, </strong>usually able to grow their profit. If a company able to grow their profit at 20% per year. Profit will be double within 5 years.<br /><br />Another company I like is <a href="http://www.amway2u.com/">Amway</a>, it is the most Trusted Brand under <a href="http://www.amway2u.com/mall_proddet.jsp">water purifier </a>category and Vitamin/Health supplement category. It attraction is it dividend yield at 8.8%. It is more than double, almost triple than fixed deposit rate at around 3%. Thus, can bet on it if your aim is dividend.<br /><br />The other recipient on of Vitamin/Health Supplement category...Appeton. The brand was under Mesdaq listed <a href="http://www.kotrapharma.com/">Kotra</a>. However, it PE ratio at 9, more expensive than <a href="http://www.nst.com.my/Current_News/Sunpeople/Sunday/CoverStory/20060121145841/Article/index2_html"><strong>Poh Kong</strong> </a>and did not pay dividend as much as Amway. Dividend yield less than bank's fixed deposit rate.<br /><br />Thus, my bet is on <a href="http://biz.thestar.com.my/marketwatch/charts/l.asp?code=5080~POHKONG&p1=1.18&amp;amp;amp;amp;amp;p2=0&p3=1.18&amp;p4=1.18&p5=1.18&amp;p6=0&p7=0.00&amp;p8=0&amp;p9=9.357"><strong>Poh Kong</strong> </a>and <strong>Amway</strong> on share aprreciation and dividend respectively.<br /><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-5862719418490408894?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com3tag:blogger.com,1999:blog-12927938.post-9281640524776293012007-05-29T11:49:00.000+08:002007-05-29T13:07:21.620+08:00<a href="http://3.bp.blogspot.com/_wJ57Z32jUD4/RluosI8hYsI/AAAAAAAAAAs/vac2NWFXId4/s1600-h/founder.jpg"><img id="BLOGGER_PHOTO_ID_5069831281804665538" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://3.bp.blogspot.com/_wJ57Z32jUD4/RluosI8hYsI/AAAAAAAAAAs/vac2NWFXId4/s320/founder.jpg" border="0" /></a>A name appear on <a href="http://members.forbes.com/global/2007/0604/037.html">Forbes top 40 richest Malaysian </a>attract my attention. Ranked at no 16 Datuk Vinod Sekhar. In fact he appear on the list last year (2006) as well,ranked 16 also.<br /><br /><br /><br /><br />Describe as founder and majority owner of privately held Petra <a href="http://4.bp.blogspot.com/_wJ57Z32jUD4/Rlul_Y8hYrI/AAAAAAAAAAk/kbbROzJqGkE/s1600-h/dir1.gif"><img id="BLOGGER_PHOTO_ID_5069828313982263986" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://4.bp.blogspot.com/_wJ57Z32jUD4/Rlul_Y8hYrI/AAAAAAAAAAk/kbbROzJqGkE/s320/dir1.gif" border="0" /></a>Group. I was mistakenly thought he founded oil and Gas group <a href="http://www.petra.com.my/">Petra Perdana Group</a>. However, Petra Perdana was found by Terengganu royal YM Tengku Dato' Ibrahim Petra bin Tengku Indra Petra rather than Datuk Vinod Sekhar.<br /><br /><br /><br />Actually, company control by Datuk Vinod Sekhar's company call <a href="http://www.petragroup.net/">Petra Group</a> which is privately held.<br /><br /><br /><br />Surprising that Forbes able to rate a owner of a Malaysia non listed company. It is difficult to rate a owner of a public listed company even in US.<br /><br /><br /><br /><a href="http://72.14.235.104/search?q=cache:3dWQlA5CLAAJ:members.forbes.com/global/2007/0604/037.html+Vinod+Sekhar&hl=en&amp;amp;amp;amp;amp;ct=clnk&cd=18&amp;gl=my">Forbes</a> stated that Forbes Vice Chairman Christopher Forbes is minor shareholder in group. that is how Forbes rate the company. Is it accurate base on such rating?<br /><br /><br /><br />It is not sure why Company Commision Of Malaysia allow two unrelated company used such a similar name that create so much confusion.<br /><br />Last year, <a href="http://joshuateoh.com/blog/?p=317">Joshua Teoh's blog</a> has discussion on Datuk Vinod Sekhar under his blog's comment column.<br /><br />Excerpt:<br /><br />newmal said: this is all i know so far - he is 37, and also heads the petra foundation - which is pretty huge, and apparently refuses to allow his name or picture to appear in tatler etc. and is a close friend of Tony Fernandes of air asia and Was told there was a story done on him recently - a friend saw it in sing. Will try get some info from there. According to the article also completely self made, not inherited. To me its just amazing that he has been so low key - and no one knew about him - a non bumi also!<br /><br />He added: Just read that Vinod Sekhar’s father passed away last week. Also found out that both father and son are/were self made men. the bio is on the Petra website. From what i read on line - he started his company from college and was a millionaire by 21, and a Datuk by 26. then lost everything in the asian financial crisis, but rebuilt everything on his own. He also founded the first multiracial youth society - and here’s something interesting, apparently he wrote the template for the Rakan Muda programme - then walked away when they tried to make political and racial. Also, i believe he gave 40% of the company away to a charitable trust that educates a few thousand people now. He is actually the chairman of the Petra foundation. Thats about it. If someone actually knows him - then can actually ask him about the above. I’m sure some of us would be keen to hear about his true story. It seems fascinating and worth a read.<br /><br /><a href="http://72.14.235.104/search?q=cache:cmjWsSkkxggJ:203.115.192.58/cms/content.jsp%3Fid%3Dcom.tms.cms.article.Article_217e414c-cb73c03a-cb07ef00-8274bc3d+Vinod+Sekhar+AIM&hl=en&amp;strip=1">The Edge </a>recently reported that: In 2001, Datuk Vinod Sekhar undertook a reverse takeover of a company listed on the Alternative Investment Market (AIM) in London. He injected an Islamic portal into the AIM-listed company, which was renamed <a href="http://www.business.com/directory/computers_and_software/computer_services/information_retrieval/petra_multimedia_plc/">Petra Multimedia plc</a>. But it failed to sustain investor interest and was delisted a year later.<br /><br />Whether he deserved on the list or not is your own judgement<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-928164052477629301?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-4769132232006752522007-05-22T11:33:00.000+08:002007-05-22T12:43:54.981+08:00<a href="http://4.bp.blogspot.com/_wJ57Z32jUD4/RlJqro8hYqI/AAAAAAAAAAc/MAPN0sSZXS8/s1600-h/b_02lee.jpg"><img id="BLOGGER_PHOTO_ID_5067229828703412898" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://4.bp.blogspot.com/_wJ57Z32jUD4/RlJqro8hYqI/AAAAAAAAAAc/MAPN0sSZXS8/s320/b_02lee.jpg" border="0" /></a><br /><br /><a href="http://competitivemalaysia.blogspot.com/2007/05/real-property-gain-tax-not-abolished.html">My last post </a>on 20 something Managing Director generate a lot of feedback online and offline. Unfortunately, <a href="http://competitivemalaysia.blogspot.com/2007/05/real-property-gain-tax-not-abolished.html">Carmen Chua </a>still have her father to coach and incubate her as her company Executive Chairman.<br /><br /><br /><br /><br /><br />A week ago, <a href="http://biz.thestar.com.my/news/story.asp?file=/2007/5/12/business/17694127&sec=business">The Star </a>feature a 23 year old Managing Director of Clearwater Development Sdn Bhd...Dian Lee Cheng Ling. She is the eldest daughter of property tycoon Tan Sri Lee Kim Yew, the founder and chieftain of the Country Heights Holdings group, was named the Property Man of the Year in 1996 by Fiabci (International Real Estate Federation) Malaysian chapter.<br /><br /><br /><br /><br /><br />Dian is the eldest of three girls and two boys. She reiterated that Clearwater Development was an entirely independent entity from Country Heights Holdings. What did Dad have to say about her striking out on her own as a property developer? He was supportive but, at the same time, reacted like any father would. He had his concerns, and when I needed advice I would go to him. Once in a while, he would give a bright idea as to how a unit should be launched, etcetera, but it just nice to sound him out,?Lee told <a href="http://biz.thestar.com.my/news/story.asp?file=/2007/5/12/business/17694127&amp;sec=business">The Star</a>.<br /><br />The profile of Lee’s partners reveals what one can expect of the project. They include renowned Singapore-based architect Sim Boon Yang and the rest — two investment bankers and a female lawyer — are based in Hong Kong. Except for Lee, her partners are in their 30s and 40s.<br /><br />The project marks the debut of the 40-something Sim in the property development arena. The founding partner of Singapore-headquartered Eco-Id Architect and Design Consultancy Ptd Ltd, Sim has been practising architecture for more than a decade, designing boutique hotels around the world. So, it is not as if property development opportunities had not knocked on his door.<br /><br />Sim was on one his regular business trips to Bangkok (where he has an office) when he met Lee at Bangkok Metropolitan — of which Eco-Id was the lead design consultant. As fate would have it, things fell into place very quickly soon after that meeting. Lee stumbled upon a 0.5-acre tract on Damansara Heights that was available for development. The feasibility study was carried out, followed by concept and sketches of the brain-wave.<br /><br />Together with Sim, she spoke to property managers and investors around Asia while fine-tuning the concept for Clearwater Residence. Well-known Singaporean advertising art director Theseus Chan was roped in to help put concepts on paper. And eventually, the marketing and management team was formed.<br /><br />Dian Lee graduated from RMIT University in Melbourne with a Bachelor of Arts, majoring in Professional Communication and Marketing. While Down Under, she was executive director of Country Heights (Australia) Pte Ltd, actively overseeing her family’s property investments in Australia. During semester breaks in the last two years, she was back in Malaysia playing the role of special assistant to her dad, handling a portfolio of property and hotel management projects. And this was her choice. “I get to meet and be exposed to interesting people. As his assistant, I follow him around and do the necessary follow-ups and events for him,” Lee told <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_6f96782b-cb73c03a-72d87300-35af6ce7">The Edge</a>. “Ever since I can remember, I have been interning with my father during my summer breaks.” Lee attributes her attention to details to her dad. “I have a visionary father, whose entrepreneurship inspires me. He’s extraordinary; he started with nothing… I remember when I was 15 years old when he rushed the building of the Palace of the Golden Horses in time for the G15 meeting. He was practically staying on site for three months! I saw for myself the progress of the project — from the model to construction and then reality. It was so amazing.”Reported <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_6f96782b-cb73c03a-72d87300-35af6ce7">The Edge </a><br /><br />It look like she work like those second generation of tycoon....Donald Trump in US who famous for <a href="http://www.bbc.co.uk/apprentice/">The Apprentice</a>.<br /><br />Donald Trump move from her father's low cost house to upmarket customer today after he taste the wealthy person lifestyle. Dian Lee of course taste the wealthy person lifestyle when she grow up. The difference is Tan Sri Lee Kim Yew's Country Height already target upmarket customer from the beginning.<br /><br />Another different between Dian Lee and <a href="http://competitivemalaysia.blogspot.com/2007/05/real-property-gain-tax-not-abolished.html">Carmen Chua </a>other than she is independent from her father is.......Dian Lee is married!<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <a href="http://technorati.com/tag/Property" rel="tag">Property</a><br /><br /><br /><br /><p></p><p></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-476913223200675252?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-17413201222171790162007-05-10T10:43:00.000+08:002007-05-30T12:45:38.691+08:00My blog get a lot of search via Google search engine below for <strong>Real Property Gain Tax</strong> <strong>2007</strong> (RPGT)recently. Actually, the matter has been widely reported in mainstream media. As a lot of reader search for such topic. I just give my two sen worth here.<br /><br />One thing that I would like to remind all people: <a href="http://star-space.com/news/story.asp?file=/2007/4/14/propertynews/17427395&sec=propertynews">THE Real Property Gains Tax Act 1976 (RPGTA) has not been abolished but exempted with effect from April 1,2007.</a><br /><br />This mean that the government can re-introduce the RPGT if the market become too speculative. This can happen as the government have a track record of inconsistency in it policy. One of the example is make short selling become illegal during Asia financial crisis.<br /><br />The exemption of RPGT, together with comprehensive changes to the<a href="http://biz.thestar.com.my/news/story.asp?file=/2007/4/14/business/17441159&amp;sec=business"> public delivery system in the property sector</a> means that we have shift our focus on attracting FDI in manufacturing sector to Property sector. Will Malaysia become Hong Kong where property sector become dominanat in it economy?<br /><br /><br /><br /><strong>Carmen Chua</strong><br /><br /><br /><a href="http://4.bp.blogspot.com/_wJ57Z32jUD4/RkKSMx9AjZI/AAAAAAAAAAM/C6Pwa2JOE2I/s1600-h/bw_pg12carmen.jpg"><img id="BLOGGER_PHOTO_ID_5062769679383170450" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://4.bp.blogspot.com/_wJ57Z32jUD4/RkKSMx9AjZI/AAAAAAAAAAM/C6Pwa2JOE2I/s320/bw_pg12carmen.jpg" border="0" /></a><a href="http://thestar.com.my/news/story.asp?file=/2007/4/7/bizweek/17374743&sec=bizweek">The star </a>has reported that: It is not widely known that Carmen had played a key role in the Government’s recent move to abolish real property gains tax (RPGT) to reboot a languishing housing market.<br /><br />Early this year, she was invited by Noordin Sopiee &amp; Associates (NSA) - an offshoot of ISIS founded by the late Tan Sri Noordin Sopiee - for a closed-door presentation, together with three other corporate bigwigs (Lion Group's Tan Sri William Cheng, Tan Sri Rozali Ismail of Syabas, and Kuala Lumpur Kepong Bhd's Datuk Lee Hau Hian).<br /><br /><br /><br /><br /><br /><a href="http://1.bp.blogspot.com/_wJ57Z32jUD4/RkKSVB9AjaI/AAAAAAAAAAU/Ep6nsOAnbNw/s1600-h/bw_pg12chua.jpg"><img id="BLOGGER_PHOTO_ID_5062769821117091234" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://1.bp.blogspot.com/_wJ57Z32jUD4/RkKSVB9AjaI/AAAAAAAAAAU/Ep6nsOAnbNw/s320/bw_pg12chua.jpg" border="0" /></a><br /><br />Her area of focus – how to revive the property sector, one of the pillars of the economy, to aid the nation’s target to grow private investments by 11%. Carmen, together with like-minded friends at NSA, essentially advocated and made a strong case for the abolishment of RPGT.<br /><br />Truth is, the idea to abolish RPGT is not new. It has been lobbied for so long and by so many but the campaigns, until now, had fired blanks. The difference this time is there appears to be a concerted political will to see it through.<br /><br /><br />Who is <a href="http://thestar.com.my/news/story.asp?file=/2007/4/7/bizweek/17374743&sec=bizweek">Carmen Chua</a>? She is daughter of Datuk Chua Ma Yu, co-founder of Rashid Husssein Security or RHB Group, founder of Waterfront Group and the person who advocated the merger of plantation group in the country....now under Synergy Drive.<br /><br />Carmen Chua is a 20 something managing director of <a href="http://thestar.com.my/news/story.asp?file=/2007/4/7/bizweek/17365091&amp;sec=bizweek">ONE KLCC Sdn Bhd</a>. In US, You have seen a number of 20 something boss like Microsoft's Bill Gates, Yahoo's Jerry Yang. In Malaysia, we have <a href="http://educationmalaysia.blogspot.com/">Tony Pua</a>. I have also personally work for a 20 something managing director before. He is a selfmade millionaire and extremely competitive.<br /><br />The only different is....she is female and her father still sit on the board as chairman.<br /><br />Carmen also sit on the board of <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_efa1a05e-cb73c03a-129e5e90-fd7d1cd3">Waterfront Incubator </a>and Furniweb Industrial Products Bhd. Carmen has bought a <a href="http://biz.thestar.com.my/news/story.asp?file=/2007/1/22/business/16626087&sec=business">13.9% stake in Furniweb Industrial Products Bhd.</a><br /><br /><strong>Another Mah Sing</strong><br /><strong></strong><br />Mah Sing's CEO Datuk Leong Hoy Kum has in 1992 acquired 20 unit of condominium at Mont Kiara area. In 1993, with shares market super bull run. Rumours said that Datuk Leong amass more than RM20 million in profit. It is not sure whether he paid RPGT at that point of time.<br /><br />If Datuk Leong have to pay RPGT at 40%. It amounted to RM8 million. It is believe that he has arranged with the buyer for the buyer to bear the cost of RPGT.<br /><br />Since then, Mah Sing, from a plastic manufacturing company, successfully transform to a property development company and the rest is history.<br /><br />Now, without RPGT. It is less hassle to repeat what Datuk Leong did in 1993. The problem is....how the stock market perform compare to 1993?<br /><br />Blog that link here: <a href="http://mindspacemind.blogspot.com/2007/05/20-female-managing-director.html">MindSpace<br /><strong></strong></a><br /><strong></strong><br /><strong></strong><br /><strong></strong><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <a href="http://technorati.com/tag/Property" rel="tag">Property</a><br /><br /><p></p><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><strong></strong><br /><br /><br /><br /><br /><br /><strong></strong><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-1741320122217179016?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com10tag:blogger.com,1999:blog-12927938.post-58358391632951886712007-04-26T13:17:00.000+08:002007-05-11T15:48:18.300+08:00It is glad to hear that leading bumiputra entrepreneur <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c0e84203-cb73c03a-b5ad6800-b4e730ab">Syed Mokhtar was granted an oil refinery project in Pulau Bunting in Kedah.</a><br /><br />Malaysia currently have 4 oil refinery factory. Two own by Multinational Company, Esso and Shell respectively and another two own by Petronas, a Government Link Company (GLC).<br /><br />Thus, Tan Sri Syed Mokhtar venture would be the first Malaysia private sector investment in oil refinery.<br /><br />When South Korea government awarded LG group and Samsung to build a refinery respectively. Both company has used the profit from the refinery to fund their venture in electrical home appliance industry. Now, both Samsung and LG become an entity that able to compete in world market in microwawe, semiconductor and handphone market.<br /><br />It is not sure whether governement of Malaysia impose any condition: eg: develop electrical home appliance market via Tan Sri Syed Mokhtar's <a href="http://www.fiamma.com.my/">Fiamma</a>, or has to develop national car industry via <a href="http://www.eon.com.my/">EON </a>or maybe government required him to acquired <a href="http://www.proton.com/">Proton</a>?<br /><br />It would be a waste if such a lucrative license or concession granted without any condition or plan to make any specific industry more competitive.<br /><br />The project involved the establishment of the refinery in Pulau Bunting in Kedah, and the construction of a 300km pipeline straddling Kedah, Perak and Kelantan.<br /><br />Aseambankers Research said the production of the crude oil would come from the Middle East and not Malaysia.<br /><br />Operationally, the crude oil will be moored off Kedah, refined and transmitted through the pipelines to Kelantan and subsequently loaded on to tankers and shipped to Korea, China and Japan, by passing Singapore.<br /><br />Thus, it look like the project would like Tan Sri Syed Mokhtar's other project: to compete with Singapore and make MNC by passing Singapore. Syed Mokhtar's Port of Tanjung Pelepas and Johor port has make Singapore port authority feel threaten and now he is working on Senai air port to do the same.<br /><br />The oil refinery venture apparently another attempt to take some food from Singapore mouth again from their oil refinery industry.<br /><br />However, other than oil refinery industry. We should have plan to make our other industry more competitive, like electrical home appliance industry and automobile industry.<br /><br />Update: Nanyang: <a href="http://www.nanyang.com/index.php?ch=7&pg=10&amp;amp;ac=728020">大马历来最庞大工程 700亿元炼油计划 2007/05/10 18:59:35 </a><br /><a href="http://nanyang.com/index.php?ch=7&pg=10&amp;ac=728166">任绍阳：振奋人心巨型计划 原油从伊朗直输中国</a>2007/05/11 14:02:53<br /><a href="http://nanyang.com/index.php?ch=7&pg=10&amp;ac=728121">避开甲峡省3天航程</a>2007/05/11 14:01:42<br /><a href="http://nanyang.com/index.php?ch=7&pg=10&amp;ac=728120">征用土地迁移居民</a> 2007/05/11 14:01:42<br /><a href="http://nanyang.com/index.php?ch=7&pg=10&amp;ac=728119">张日洲: 获中东与东亚赞同</a>2007/05/11 14:01:42<br /><a href="http://nanyang.com/index.php?ch=7&pg=10&amp;ac=728118">拦截新加坡财路？</a> 2007/05/11 14:01:42<br /><br /><br /><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><br /><br /><p></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-5835839163295188671?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com3tag:blogger.com,1999:blog-12927938.post-19431011171347318092007-04-18T10:34:00.000+08:002007-04-19T10:50:29.506+08:00I rarely update this blog recently because I was busy on some other work. However, I find the traffic to my website growing without any update on my part. A trace find that the a large portion of the hit go to "<a href="http://competitivemalaysia.blogspot.com/2005/12/racists-opinion-in-prime-minister-of.html">Racists opinion in Prime Minister of Malaysia's website</a>".<br /><br />The traffic was from a website call <a href="http://www.sharizal.net/?p=546">Sharizal.net</a>, which he republished Dr Ng Seng's letter which he claim he had received via an email recently.<br /><br />The link to my website was a comment(No 8) posted by a lady <a href="http://www.midnitelily.com/">Midnite Lily base in Sydney</a>.<br /><br />The reply of Sharizal show that he did not aware that the letter was wrote in 1995 when the Prime Minister's wife pass away.<br /><br /><a href="http://competitivemalaysia.blogspot.com/2005/12/racists-opinion-in-prime-minister-of.html">Previously</a>, we have concluded that the writer Dr Ng Seng (Dr Unsuccessful) was a non-chinese posting as a chinese. Now, as the letter still circulating, we can narrow down our search by analysing who will be beneficial from circulating such letter.<br /><br />There is no UMNO assembly that required such racist issue to be bought up. In fact, there is by-election held in Melaka and Selangor that Barisan National governement required the support of all race.<br /><br />Then, who would benefited most from such letter?<br /><br />With the retirement of Gerakan President Datuk Seri Dr Lim Keng Yaik, and the speculation that Penang's Chief Minister Tan Sri Dr Koh might move to Central Government to take over Dr Lim's Minister position.<br /><br />Apparently, the party most beneficial from the letter should be the person in UMNO likely to take over Chief Minister position in Penang.... looking at how UMNO takeover Sabah Chief Minister post.<br /><br />When UMNO take over Sabah's Chief Minister postion. Even UMNO president and Prime Minister at that point of time, Dr Mahathir disagree as he want to honour his promise to rotate the post, but the move was still organised by UMNO grass root to create a position for themselves as the benefit and temptation for such a powerful high position is simply difficult to resist. Who cares....the feeling of component party. Who cares....national unity. Who cares about peace of the nation. The important things is my greed for power and money<br /><br />Would Sabah history repeat again in Penang? One advantage is Penang was not under rotation system like Sabah, which cause a lot of uncertainty and policy inconsistency. It look like Gerakan acting President have to remain as Penang's Chief Minister like Sarawak Taib Mahmud and ex-Sabah Chief Minister, PBS's Pairin. MCA already has 4 ministers representing Chinese in cabinet, chinese do not need one more minister from Gerakan. Indian and other race also well represented in cabinet. People want Gerakan to remain in Penang. Penang should not head by UMNO nor MCA, but a multi racial party like Gerakan.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Social" rel="tag">Social</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-1943101117134731809?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-33720608413726475302007-03-05T07:32:00.000+08:002007-04-03T13:42:19.489+08:00A lot of people expected that Malaysia's stock market will performed similar to super bull run in 1993.<br /><br />However,1993 stock market closed positively in February or after Chinese New Year.<br /><br />This year, stock market ended lower in the month of February and before the end of Chinese New Year. Thus, it is more similar to 1994 than 1993. Especially China stock market which seem overheated like what happen at the end of 1993 for Malaysia stock market.<br /><br />Thus, investor in Malaysia at least should expect a volatile year ahead if they think the <span class="blsp-spelling-corrected" id="SPELLING_ERROR_0">fundamental</span> is still intact.<br /><br />Note: the author is not licensed Investment Analyst<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <p></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-3372060841372647530?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/07932599388323439823noreply@blogger.com6tag:blogger.com,1999:blog-12927938.post-29482534890680383172007-03-03T09:56:00.000+08:002007-03-03T11:20:21.293+08:00<a href="http://www.nanyang.com/index.php?ch=29&pg=790&amp;amp;amp;amp;ac=703993">南洋商报 2007/03/01 12:55:50</a><br /><br /><a href="http://www.nanyang.com/index.php?ch=29&pg=790&amp;ac=698029">曾少白 </a><br /><br />报载现在中国正在拓展软实力，努力在世界多个国家建立孔子学院；姑不论孔子学院好像英国文化学会般只教授语文，还是包括文化的教授。<br /><br />中国及海外华人一直把孔子的儒家文化视为中国文化之本，固然，儒家文化如“士为四民之首，商为四民之末”等概念一直在华人，甚至是韩国人及日本人心中。 -->--><br /><br />但是，儒家思想曾被认为是中国衰弱的原因之一，并在五四运动中被胡适及康有为等人，用赛先生（Ｓcience）及德先生（Ｄemocracy）即科学及民主取代了。而韩国的企业家，大宇集团的创办人金宇中在风光之时曾在一本他写的书中，写出他能打破儒家思想之“商为四民之末”的概念，而成为成功企业家而感到自豪。<br /><br />所以，用孔子来作为中国或华人的文化代表似乎不大恰当，那么，应该用哪一种学说来代替孔子的学说呢？<br /><br />我认为应该用范蠡，就是协助越王勾践卧薪尝胆，十年生聚，打败吴王夫差的范蠡上将军。<br /><br />范蠡能把一个小小的越国，发展成当时的春秋五霸之一；功成后身退，泛舟北上，出三江，入五湖，北上来到齐国，隐姓埋名，自号“鸱夷子皮”，经商为生，也耕种一些田亩。由于经营有方，几年之后，居然成为积财数十万的大富商。齐王听到他的名声，要聘请他为相国。<br /><br />这就是“经商富至千金；居官位至卿相”。他谢绝了齐王的聘请，把财产分给同乡好友离开了齐国。<br /><br />范蠡两次出走，都没带走很多财产，可能因为当时还没有货币，带着数目庞大的黄金很不方便。除此之外，当时的主要财产为田地，也是带不走的东西。<br /><br /><strong>陶朱公成了富商代名词 </strong><br /><br />范蠡之后又迁到陶邑，又改名为陶朱公。很快的，又获利千金。之后，陶朱公三个字，几乎成了富商大贾的代名词。<br /><br />陶朱公师承何处，已不可考，传说是计然，也有的说是鬼谷子。他没有如孔子有孟子般出色的学生，把他的学说发扬光大。甚至他自己的儿子，他也是请孔子的弟子教导的，所以陶朱公其实也为发扬儒家思想作出贡献。<br /><br />孔子教授礼、乐、射、驭、书、数六艺。陶朱公的学问则只有四大类：道、数、兵、游。最主要的差别是，孔子的学问以礼为中心，陶朱公重视相传以道为核心。孔子不言兵，而陶朱公重视兵法。这是他能协助弱小的越国打败强大的吴国原因之一。<br /><br />孔子不懂游，曾在周游列国之时，在陈、蔡二国之间断了炊，险些饿死。中国人是否应该用一个生前没有一个国家愿意用的学问，及现在年青人都不尊重的礼，以及差点断炊饿死的人来代表自己的文化？还是用一个弱小国家变强，以很少本钱，三番四次创业，赚取千金的学问呢？<br /><br />陶朱公的学问，除了以上道、数、兵、游之外，就是计然七策。他曾说：“当初计然献出的七策，越国用了其中五策就如愿复仇，灭了称霸中原的吴国。它既能用于治国，也能用于治家。”（大意，见史记，货殖列传）（<a href="http://www.nanyang.com/index.php?ch=29&pg=790&amp;amp;amp;amp;amp;amp;ac=703993">上篇</a>）<br /><br />Excerpt from <a href="http://www.nanyang.com/index.php?ch=29&pg=790&amp;ac=704349">南洋商报 2007/03/02 11:49:56</a><br /><br />相传由计然著作，陶朱公整理的《万物录》或叫《范子计然》中写道：<br /><br />“……断长续短，一岁再倍，其次一倍，其次而反。水则资车，旱则资舟，物之理也。” -->--><br /><br />“天下六岁一穰，六岁一康，凡十二岁一饥，是以民相离也。故圣人早知天地之反，为之预防。昔汤之时，比七年旱而民不饥；禹之时，比九年水而民不流……”（自《越绝书》）<br /><br />第一段说在丰收的三年里，头一年就要储备粮食，第二年再储一倍的粮，第三年再储备一倍的粮食，这样，到了出现水灾的三年，就反过来，能够逐年发放相应的粮食。在有水灾的年份要备好车，在有旱灾的年份要备好船，这是事物告诉我们的道理。<br /><br />第二段说自然界规律是每六年一次丰收，每六年一次安康，每十二年必有一次饥馑，百姓流离失所就是因为灾荒。圣人能预见天地间的气象变化，早作预防。商汤王的时候，天大旱七年，老百姓没有受到饥饿；夏禹王的时候，发生大水灾九年，老百姓没流离失所，这是因为他们的君主能通晓事物起源与发展的道理，能任用贤能之人缘故。<br /><br />尽管这种经济循环理论有许多不足之处，但比起孔子儒家学说，其实更为实用。<br /><br />陶朱公还有一本现在在市场书局中买到的书，就是《陶朱公商训》，英译本也有。只不过笔著觉得这本书所说的就好像商学院中学的基本常识。《万物录》或《范子计然》中所写的比较能突现范蠡的智慧。<br /><br /><strong>测中大牛市及经济危机</strong><br /><br />阴且尽之岁，亟卖六畜、货财，以益收五谷，以应阳之至也。阳且尽之岁，亟发耀，以收田宅，牛、马，积敛货财，聚棺木，以应阴之至也，此皆十倍者也。（自《越绝书》）<br /><br />依照太岁年法，寅、卯、辰、巳、午、末这六个位置为阳、申、酉、戌、亥、子、丑这六个位置为阴。当太岁居阴行将结束时，应快卖掉牛、马、羊、豕、鸡、犬等六畜及货物财产，增加五谷收进，以准备太岁在阳的到来。在太岁居阳行将结束时，应赶快卖掉多余的粮食，买进田宅、牛马等，征集物资，积聚棺木，以准备太阴的到来。这些都能获得十倍的利益，次一等也可获得五倍利益。<br /><br />利用以上的理论，再加上以六岁一穰，六岁一康的学说，范蠡的理论准确预测了１９９３年及１９８１年大牛市及１９９９年及１９８７年经济危机。虽然最近的大牛市比预期中迟了二十多个月，但如果不投机或进期货市场，也不会有损失出现。<br /><br />我觉得，这是一个无论在孔子时代或现代都实用的学说。（<a href="http://www.nanyang.com/index.php?ch=29&pg=790&amp;ac=704349">下篇</a>）<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; 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The focus was on Dr Lim Teck Ghee, director of Centre for Public Policy Studies (CPPS).<br /><br />However, I am more interest on Asian Strategy & Leadership Institute (ASLI) founder and Chief Executive Officer Dato Michael Yeoh but focus was given to him by the mainstream media.<br /><br />An article on <a href="http://www.nanyang%20.com.my/">Nanyang </a>yesterday reveal that Asian Strategy &amp; Leadership Institute (ASLI) founder and Chief Executive officer joint a Think Tank form by Malaysia Chinese Association (MCA) in Federal Territory in 1979. A service centre was form by MCA by Tan Koon Swan in Federal Territory in 1979. At that point of time, Tan Koon Swan was newly become a Member of Parliament. He set up a service centre in Federal Territory despite his constituent was in Pahang. A think tank was set up to help the service centre to research on politic, economic and social issue.<br /><br />The first person who joint the think tank is Stanley Koh and later Michael Yeoh both just newly graduated from Australia.<br /><br /><strong>Kidnap late Tun Abdul Razak</strong><br /><br />Rumour said that Michael Yeoh was detent and question by the authority before this on suspicious of him involve in intention to kidnap and intention to injury the late Tun Abdul Razak.<br /><br />In 1975, when late Prime Minister Tun Abdul Razak on official visit to Australia. A large group of oversea student held a peace protest, opposing the late Abdul Razak implementing New Economy Policy and quota system on University.<br /><br />They request the late Prime Minister to have an open debate on the issue with them. When the Prime Minister refused, they plan to over power the Prime Minister and force him to do so.<br /><br />With the help from police of Australia and some security personal from Malaysia. The Prime Minister able to escape. The news has spread to whole Australia at that point of time but media in Malaysia unable to published such news.<br /><br />Dato Michael Yeoh joint MCA after he come back to Malaysia.<br /><br />Earlier, a feng shui book written by Lilian Too stated that Michael Yeoh install a water feature, a fountain, if not mistaken in the front garden of his house. Six months after the fountain installed. Michael Yeah was offer a job he unable to deny. Apparently, that could be a job offer from Multi-Purpose Holding Bhd by Tan Koon Swan. He has change to a new house after that and Now Michael Yeoh operate <a href="http://www.asli.com.my/">Asian Strategy &amp; Leadership Institute (ASLI)</a> .<br /><br />On the webpage of ASLI, Mirzan Mahathir, so of ex-Prime Minister is co-founder and President of ASLI. Tan Sri Dato' Seri Dr Jeffrey Cheah of Sunway Group sit on Chairman of Trustee of ASLI Foundation. Dato' Michael YEOH now is also Chairman of the Socio-Economic Development and Research Institute (SEDAR), a non-racial, non-partisan Think Tank initiated by the Parti-Gerakan. He graduated in Economics from Monash University and obtained his Doctorate in Organizational Development and has authored three books on Leadership and Management and co-authored several books on Malaysian politics.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-292568775681756955?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1168584001418013362007-01-12T14:08:00.000+08:002007-02-14T19:13:44.735+08:00The year end issue of The Edge feature the <strong>Best analyst in 2006</strong>:<br /><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c80c76f0-cb73c03a-1ff2e1b0-71eceab1">First place: Stephen Hagger strategist, Credit Suisse </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c80c76f0-cb73c03a-1ff2e1b0-71eceab1">Second place: Tan Ting Min analyst, Credit Suisse </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c80c76f0-cb73c03a-1ff2e1b0-71eceab1">Third place: Gan Kim Khoon executive director, AmResearch Sdn Bhd </a><br /><br /><strong>Top Three Research House in 2006</strong>:<br /><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c80b7436-cb73c03a-1ff2e1b0-dfbe9651">Credit Suisse </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c80a4de6-cb73c03a-1ff2e1b0-9f71cc95">CIMB </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c80daf32-cb73c03a-1ff2e1b0-661b6830">JP Morgan </a><br /><br />What intriguing me was Muhibbah Engineering (M) Bhd rated as <strong><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c80384c7-cb73c03a-1ff2e1b0-3a088073">Best call Awards 2006</a>.</strong> It was the only stock with more than two nominations (Muhibbah received three) and its value has grown almost fourfold since the earliest "buy" call on it. Wrote Cindy Yeap of The Edge.<br /><br />Kevin Khoo Hsien Ming, who is attached to Asia Analytica Sdn Bhd, was the earliest amongst the entries to issue an extensive report and call a "buy" on Muhibbah, way back in September 2005.<br /><br />My blog feature the company on 5th April 2006, as <a href="http://competitivemalaysia.blogspot.com/2006/04/likely-hyundai-of-malaysia.html">Likely Hyundai of Malaysia </a>.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <p></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-116858400141801336?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1168331391526775512007-01-09T15:46:00.000+08:002007-01-09T16:36:41.526+08:00<strong>Top 8 highest hit page on my blog in 2006</strong><br /><strong></strong><br />1 Home page<br /><br />2 <a href="http://competitivemalaysia.blogspot.com/2006/06/malaysias-richest-40.html">Malaysia's richest 40 </a><br /><br />3 <a href="http://competitivemalaysia.blogspot.com/2005/11/ananda-krishnans-empire-missing-link.html">Ananda Krishnan's empire missing link </a><br /><br />This is a posting in year 2005 but still get top 3 highest hit in 2006. Thank you <a href="http://www.malaysia-today.net/Blog-e/2006/07/some-documents-to-be-declassified-to.htm">Maxis and Astro Sucker</a> who post a comment on <a href="http://www.malaysia-today.net/Blog-e/2006/07/some-documents-to-be-declassified-to.htm">Malaysia-today.net</a> that provide a link to such page.<br /><br />4 <a href="http://competitivemalaysia.blogspot.com/2005/10/gst-and-income-tax.html">GST and Income Tax </a><br /><br />Again this page posted in 2005. This could be a link at the bottom of my home page.<br /><br />5 <a href="http://competitivemalaysia.blogspot.com/2005/12/racists-opinion-in-prime-minister-of.html">Racists opinion in Prime Minister of Malaysia's website </a><br /><br />This is also a posted in 2005. Thank you <a href="http://www.umno-reform.com/minggu3dis05.htm">UMNO-reform</a><br /><br />6 <a href="http://competitivemalaysia.blogspot.com/2006_01_01_competitivemalaysia_archive.html">January 2006 archive</a><br /><br />7 <a href="http://competitivemalaysia.blogspot.com/2005_12_01_competitivemalaysia_archive.html">December 2005 archive</a><br /><br />8 <a href="http://competitivemalaysia.blogspot.com/2005/11/most-competitive-bumiputra-ceo-in.html">The most competitive bumiputra CEO in Malaysia 2005 </a><br /><br />I discover that my conclusion of" most competitive bumiputra CEO in 2005" is wrong as MISC result in those year including profit on disposal of ship which is on off, non recurring profit.<br /><br />In developed country where <a href="http://competitivemalaysia.blogspot.com/2005/06/organic-growth-growth-via-acquisition.html">Merger & acquisition(M&amp;A) </a>are normal. It is difficult to separate an "Extraordinary Item" from ordinary profit. However, in the above MISC case. It proved that the <a href="http://competitivemalaysia.blogspot.com/2005/12/outdated-of-knowledge-and-new-ifrs-2.html">new accounting standard</a> was creating confusion to investor as M&A was not as frequent as companies in developed countries. This cause profit in company like MISC become unsustainable and investor might make mistake base on such <a href="http://competitivemalaysia.blogspot.com/2005/12/outdated-of-knowledge-and-new-ifrs-2.html">new Financial Reporting Standard</a>.<br /><br /><strong>Conclusion:</strong> It look like my post in 2005 has more quality than my recent post. Maybe it's time for improvement.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <p></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-116833139152677551?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1165377416449760572006-12-06T10:37:00.000+08:002007-01-09T15:44:55.963+08:00<a href="http://photos1.blogger.com/x/blogger/1795/1117/1600/539036/b_pnstp.jpg"><img style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://photos1.blogger.com/x/blogger/1795/1117/320/441308/b_pnstp.jpg" border="0" /></a><br />On 29 November 2006, The Star reported that <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/11/29/business/16168760&sec=business">THE New Straits Times Press (M) Bhd (NSTP) is planning to acquire Utusan Melayu (M) Bhd to forge a strong alliance between its Berita Harian and Utusan Malaysia. AmInvestment Group and BNP Paribas have been appointed to structure the deal.</a><br /><br />On Friday, 1 December 2006, <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/12/1/business/20061201132720&amp;sec=business">New Straits Times Press (Malaysia) Bhd and Utusan Melayu (Malaysia) Bhd announced the suspension until Monday ahead of a potential merger. </a><br /><br />On 2 December 2006, The Star reported that <a href="http://thestar.com.my/news/story.asp?file=/2006/12/2/nation/16208928&sec=nation">merger deal has been sent back to the drawing board hours after Umno president Datuk Seri Abdullah Ahmad Badawi called for the tradition and histories of the newspapers to be maintained after UMNO supreme council meeting. </a><br /><br />On<a href="http://biz.thestar.com.my/news/story.asp?file=/2006/12/4/business/20061204190843&amp;sec=business"> 4 December 2006</a>, The star reported that In a joint statement to Bursa Malaysia Monday, the newspaper publishers said the companies' board of directors had been "exploring ways to enhance the value of both groups via a possible merger." "Utusan and NSTP intend to continue to explore and discuss this matter further and have entered into a non-disclosure agreement to govern the period of discussion," the companies said. An immediate announcement shall be made to the exchange should a final agreement materialise, they added. <a href="http://photos1.blogger.com/x/blogger/1795/1117/1600/819344/b_marketshare.jpg"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://photos1.blogger.com/x/blogger/1795/1117/320/60560/b_marketshare.jpg" border="0" /></a><br /><br />Today. The Star reported that <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/12/6/business/16234382&sec=business">NSTP, Utusan shares down on profit-taking</a><br /><br />Lets examine the<strong> Political, Economic, Social and Technology (PEST analysis) </strong>on this merger:<br /><br /><strong>Political and Social</strong><br /><br />Politically, several UMNO supreme council members voiced their concern over the deal and also the long connection between the party and Utusan Malaysia in. One of the main concerns was the independency of Utusan Malaysia as the Malays shared strong sentiment for the oldest Malay newspaper in the country.They told the meeting they feared that any merger which could affect the identity of the Malay daily would backfire on the party, although Umno would continue to control it.<br /><br />EONCap Securities head of research Pong Teng Siew in an interview by The Star said that the merger could face resistance from investment and fund managers as well as from some press factions, as investment managers would prefer more stocks to work with instead of a single large entity, and certain sections of the media could consider the status quo as something sentimental''.<br /><br />Even the non-bumiputra group also concern about the merger and said that this might curtail press freedom.<br /><br />For me, I feel the meger do more good that harm to Malaysia politically and socially. Utusan Malaysia and Berita Harian, two different independent Malay newspaper compete with each other in playing up sensitive and sentimental issue to gain their respective market shares. This is no good politically and socially to promote harmony and cooperation within difference race in Malaysia. By merging the two entity under one shareholder, they need not use such technique to compete with each other. They only compete with PAS control <a href="http://www.harakahdaily.net">Harakah</a> and I feel this is better politically and socially.<br /><br />Even during reformasi. Party Keadilan Rakyat call for reader to read <a href="http://www.harakahdaily.net/v061/">Harakah</a> and they boycott of both newspaper(Utusan and Berita Harian). Thus, it is wrong to say that the merger will curtail press freedom. There is no difference whether you buy Utusan or Berita Harian as both newspaper are head by people loyal to UMNO. By merging the two entity, we get less sensitive and sentimental report and it is better politically and socially for Malaysia.<br /><br /><strong>Economic Analysis</strong><br /><strong></strong><br />EONCap Securities head of research Pong Teng Siew said the merger could face resistance from investment and fund managers as investment managers would prefer more stocks to work with instead of a single large entity. Thus, it is better to keep Utusan Malaysia listing status. Keeping Utusan listing status by injecting Berita Harian to Utusan Malaysia would allow investor to invest in NSTP, an English newspaperr company; Utusan Malaysia, a Malay newspaper company and the concern of UMNO supreme council of the oldest Malay newspaper might be close has been taken care off. The merger would get Economic of Scale in economic term.<br /><br />The only concern is worker might become complacent as they do not have close competitors now even they is still Harakah around.<br /><br /><p><img style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="http://photos1.blogger.com/x/blogger/1795/1117/320/607692/b_utusan.jpg" border="0" /><br /><strong>Technology</strong><br /><strong></strong><br />Unlike chinese language. Which face higher technology problem on input data into computer and printing machine. Malay language, which used alphabet like English, face less problem in developing input and printing technology. The merger has less impact technologically. </p><p></p><p>Update: <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_75ac80ef-cb73c03a-d647d800-9866887c">The Edge: Cross fire</a></p><p>A kadir Jasin: <a href="http://www.akadirjasin.com/">Implikasi Penggabungan NST-Utusan</a></p><p><a href="http://biz.thestar.com.my/news/story.asp?file=/2007/1/9/business/16510977&sec=business">Utusan, NSTP surge on possible merger news</a></p><p><br /><strong></strong><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <a href="http://technorati.com/tag/Media" rel="tag">Media</a> <a href="http://technorati.com/tag/Newspaper" rel="tag">Newspaper</a></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-116537741644976057?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com3tag:blogger.com,1999:blog-12927938.post-1160115316383918692006-10-06T13:22:00.000+08:002006-11-07T11:27:32.276+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/03hock.jpg"><img style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/03hock.jpg" border="0" /></a><br />Tan Sri Chua Hock Chin, in a notice filed to Bursa Malaysia, announced that he had <a href="http://thestar.com.my/news/story.asp?file=/2006/10/5/business/15636480&sec=business">resigned as director and executive vice-chairman of RBH </a>after <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/10/5/business/15634898&amp;sec=business">selling 68 million RBH shares </a>at RM3 each on Tuesday. He still holds 41 shares in RBH.<br /><br />The former Penang Chung Ling High School student graduated with a Bachelor of Science (Civil Engineering) degree from Queen's University of Belfast, N. Ireland, and Doctor of Philosophy in Business Administration from Wisconsin International University, US.<br /><br />Chua joined the Public Works Department in 1973 before pursuing his career in the private sector.<br /><br /><strong>From traffic controller to billionaire<br /></strong><br />Sub-contractor of RBH still remember Tan Sri Chua early day with Public Works Department where he gave direction to their lorry movement. It took only short period of time for a traffic controller to become a billionaire. Thanks to the contruction of North-South Expressway. Other beneficiaries of NSE include Gamuda.<br /><br /><strong>Damanjaya</strong><br /><br />Rumours in the market said his first breakthrough come when he land his first contract....contruction of a road in Pahang state. The project earn him a bitumen factory call Damanjaya Manufacturing & Trading Sdn Bhd. The company has been disposed off to ACP Industries Bhd (ACPI) and now call ACP-DMT Sdn Bhd. ACPI now under MTD group whereas Tan Sri Chus still used holding company Damanjaya Sdn Bhd to hold his shares in Road Builder Holdings Bhd.<br /><br />the 56-year old founder of RBH has left a legacy of building up RBH into one of the country's largest construction groups. Chua, who founded Road Builder (M) Sdn Bhd in 1985, took the company public in 1993. Today, RBH has diversified into property development, toll roads and ports, and has a market capitalisation of RM1.4bil.<br /><br /><strong>PROJEK PENYELENGGARAAN LEBUHRAYA BERHAD (PROPEL BHD)<br /></strong><br />Chua founded <a href="http://www.propel.com.my/">Propel Bhd </a>in 1988 and has listed the company on Main Board of KLSE. He, however, has disposed off the company to UEM Group.<br /><br /><strong>Pati Sdn Bhd</strong><br /><br /><br /><br /><br /><br /><p>Road Builder Holdings Bhd has disposed off it 50% associated Pati Sdn Bhd to UEM Builders Bhd after Asia financial crisis.</p><p><strong>Good Exist Strategy</strong></p>From the record above. Tan Sri Chua usually exit a company in good timing. Company he disposed off usually fail to growth after he exit.<br /><br />Update: The Star Bizweek:<a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/10/7/bizweek/15655682&amp;sec=bizweek">The stage is set</a><br /><a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/10/7/bizweek/15655685&sec=bizweek">Wave of consolidation</a><br /><a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/10/7/bizweek/20061007084519&amp;sec=bizweek">What lies ahead? </a><br /><br />The Edge : <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_30245520-cb73c03a-67047900-f664b28e">Mr Road Builder calls it a day </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_3023ba17-cb73c03a-67047900-6d999cc6">Construction sector poised for first M&A</a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_3027afa0-cb73c03a-67047900-e541448e">IJM to enter picture later </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_83cd4169-cb73c03a-1904e0d0-83d68f85"> IJM in M&amp;A to drive growth </a><br /><br /><br />Beauty Biotech: <a href="http://beautybiotech.blogspot.com/2006/11/road-builder-and-hybrid-rice.html">Road Builder and Hybrid rice cultivation in Malaysia<br /></a><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-116011531638391869?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com4tag:blogger.com,1999:blog-12927938.post-1159333465474898892006-09-27T12:55:00.000+08:002006-09-27T13:12:08.316+08:00Last week, <a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/9/23/bizweek/15478860&sec=bizweek" rel="nofollow">Maybank Securities issue a report on Automotive Industries</a> stating that "national segment of Commercial vehicle saw a sharp increase of 72.6%. We believe this is due to strong sales in national multi-purpose vehicles (MPV), especially by <strong>Naza-Kia</strong> which launched a very aggressive promotional drive in July 2006..........Compared with July 2006, TIV increased 7.4% to 47,189 units in August 2006. The higher month-on-month (m-o-m) volume was mainly due to higher national commercial vehicle sales, which rose a drastic 130.4%. This is again likely caused by the aggressive promotion by <strong>Naza-Kia</strong> on their MPVs."<br /><br />Previously, Naza grow has threaten Proton's sales and this cause Tengku Mahalee, CEO of Proton at that point of time to complaint it to Proton's adviser Ex-Prime Minister Tun Dr Mahathir. Mahathir then create the controversial National Car Status issue.This is the different between <a href="http://competitivemalaysia.blogspot.com/2006/09/proton-nurture-malaysias-brand-or.html">an employee of GLC and entrepreneur </a>. An employee of GLC complaint and seek government intervention whereas entrepreneur find ways to grow their company.<br /><br />Note: This is part of the reply to comment by reader <a href="http://www.blogger.com/publish-comment.do?blogID=12927938&amp;postID=115743262832120667&amp;r=ok">Bigjoe99</a><br /><br />Related Post: <a href="http://competitivemalaysia.blogspot.com/2006/07/proton-nurture-malaysias-brand-or.html">Proton, nurture Malaysia's brand or bumiputra entrepreneur </a><br /><a href="http://competitivemalaysia.blogspot.com/2006/09/proton-nurture-malaysias-brand-or.html">Proton, nurture Malaysia's brand or bumiputra entrepreneur 2 </a><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115933346547489889?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1157931215089722932006-09-11T07:32:00.000+08:002006-09-11T12:34:55.216+08:00Last Saturday, The Star's <a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/9/9/bizweek/15346406&amp;sec=bizweek">Bizweek reported </a>that industry sources say that US-based auto giant General Motors Corp may be interested to take up to 35% of equity in Proton Holdings, and may make an offer as early as next week to state controlled investment arm Khazanah Nasional Bhd.<br /><br />General Motors is among the largest companies in the world in terms of market capitalisation. It has under its belt marques such as Chevrolet, Vauxhall, Opel, Holden, GMC and Pontiac.<br /><br />“It could be that General Motors may look to Malaysia to be main assembly plant for passenger vehicles while, its operations in Thailand focuses on pick up trucks and commercial vehicles. It could be some form of break down.<br /><br />“Malaysia is after all the largest passenger car market in Southeast Asia, while Thailand is a haven for pickup trucks and the like,” an industry observer laments.<br /><br />At present, General Motors has a presence in Thailand, via General Motors (Thailand) Ltd, which operates a manufacturing plant in Rayong, which exports vehicles as well. Among the marques built in Thailand include Chevrolet, Holden, Opel, Subaru and Vauxhall among others. The Chevrolet Zafira is among the models built in Thailand and exported.<br /><br /><strong>Possible alliance with DRB-Hicom</strong><br /><strong></strong><br />There is speculation that conglomerate DRB Hicom may be partnering General Motors in its venture to take over the helm of Proton Holdings.<br /><br />Details are however unclear, as officials of DRB Hicom are keeping information close to their chests. It was previously reported that tycoon Syed Mokhtar, who controls 15.8% of DRB Hicom, was looking at taking over Proton Holdings with a foreign strategic partner.<br /><br /><strong>South Korea Experience</strong><br /><strong></strong><br />The most successful automobile company in South Korea Hyundai aim to chart it own direction in global automobile industry. Although Hyundai dispose off 12% shares to Mitsubishi group in 1979 (Like Proton). Hyundai remain relatively independent on it global market strategy. Similarly, another South Korea automobile company Kia disposed off 20% shares to Ford, Mazda and Itochu but this does not restricted Kia brand strategy in global market.<br /><br />Pioneer in South Korea automobile industry Daewoo, however, restricted by General Motor global brand strategy. Daewoo, frustrated by General Motor restriction have to buy back shares hold by General Motor in 1992. However, Daewoo have difficulties un catching up Hyundai and Kia in Daewoo. Daewoo take over Ssanyong during Asia financial crisis but become insolvent after one year. General Motor has take over back Daewoo eventually.<br /><br />looking at experience of Daewoo. General Motor clearly not an ideal partner for Proton unless GM never restrict the country which Proton intend to penetrate.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115793121508972293?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1157432628321206672006-09-05T11:50:00.000+08:002006-09-07T09:45:50.856+08:00When I first<a href="http://competitivemalaysia.blogspot.com/2006/07/proton-nurture-malaysias-brand-or.html"> comment on this issue on 17th July 2006</a>. I do not aware of any plan by any entrepreneur attempted to acquire Proton.<br /><br />Latest issue of <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_78c424f5-cb73c03a-cef6f100-8cdadd2a">The Edge reported that two recent proposals to "rescue"</a> the national car company has been received by government.<br /><br />The first was submitted by the Naza Group last year and recently, DRB-Hicom Bhd submitted a second proposal. And there is another proposals submitted by Sime Darby last year. The Edge reported that Sime Darby CEO Ahmad Zubir Murshid admitted that a proposal was submitted to the government "a long time ago".<br /><br />Sime Darby, however, is a Government Link Company (GLC)...not entrepreneurs driven company. Sime Darby is a dealer and assembler of Ford in Malaysia, like Hyundai in South Korea before joint venture with Mitsubishi Motor.<br /><br />DRB-Hicom, control by Tan Sri Syed Mokhtar in mid-2005 show a floundering performance, stated Leela Barrock, a journalist with The Edge. "These are just not car people," says an analyst. DRB itself may have had some history in automotive industry but Syed Mokhtar does not, write Leela Barrock. Having said that, it must be noted that DRB itself is a company that need saving. More interestingly, in its automotive segment, DRB actually posted loss of RM12.27million for 1QFY2007, compare to a profit of RM28.35 million in previous corresponding period.<br /><br />PaulTan.org : <a href="http://paultan.org/archives/2006/09/04/naza-drb-hicom-to-buy-proton/">Naza, DRB-Hicom to buy Proton?</a><br />南洋商报: <a href="http://www.nanyang.com/index.php?ch=7&pg=12&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;ac=644089">多元重工业纳莎建议购普腾股权 赛莫达再斗纳西慕汀</a><br />Business Times : <a href="http://72.14.235.104/search?q=cache:NnBd0L0tWi0J:www.nst.com.my/Current_News/BT/hotstocks+Proton&hl=en&amp;ct=clnk&cd=3">Proton firms on talk of stake tussle</a><br /><br />In another commentary: <strong>"<a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_78c6d5e4-cb73c03a-cef6f100-beea206a">Should entrepreneurs get Proton?".</a></strong><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_78c6d5e4-cb73c03a-cef6f100-beea206a"> </a>The Edge's Leela Barrock analyze the two Tan Sri. The she write: Nasimuddin has his Korea Kia connections, which could be used to roll out vast numbers of Korean lookalikes with Korean technology-no, not an exciting prospect for the poor Malaysian driver who would be "graduating" from a Proton to a Kia.<br /><br />Later, she stated it was Mahathir who want Proton to start spawning more models against advise that a car company needs critical economies of scale. The late Tan Sri Yahaya Ahmad agreed to fulfill Mahathir's dream of multiple Protons and thus was rewarded with the national car company in the late 1990s.<br /><br />He blame the late Yahaya acquired British car company without board approval, launch Tiara, a badly received car with an ancient Citroen engine. Systems and processes that are required for the healthy management of a company were done away with to fan the fires of entrepreneurial zeal.. And it was Yahaya who turned the <a href="http://competitivemalaysia.blogspot.com/2006/07/low-margin-of-malaysia-auto-parts.html">screws on parts suppliers</a>, which may have led to an erosion of quality.<br /><br />The conclusion, she stated that entrepreneurial fervour has not worked for Proton.....against <a href="http://competitivemalaysia.blogspot.com/2006/07/proton-nurture-malaysias-brand-or.html">what I have suggested</a>.<br /><br />Actually, Yahaya was rewarded with a Bank (Eon Bank), a transport company (Intra-Kota) lead to group become too diversified. I find Syed Mokhtar group has some similarity with the empire of late Yahaya. Thus,, causing recent loss of DRB-Hicom Bhd. And there is a deal between the government (Mahathir) and entrepreneur (Late Yahaya) like <a href="http://www.google.com.my/search?hl=en&amp;cr=countryMY&sa=X&amp;oi=spell&resnum=0&amp;ct=result&amp;amp;amp;amp;amp;amp;cd=1&q=Tajuddin+Ramli&amp;spell=1">Tajuddin Ramli</a>, causing the failure.<br /><br />Naza, however, is more focus than the above two. Although Nasimuddin have other non-automotive business like hotel and taxi company.<br /><br />At the moment, there is only a few automotive company in the world run by government. Any successful one?<br /><br />星洲日報: <a href="http://biz.sinchew-i.com/content.phtml?sec=2&sdate=&amp;artid=200609040854">分析員：售股權給納莎和多元資源無助解決普騰問題</a><br /><br /><strong>Update:<a href="http://biz.thestar.com.my/news/story.asp?file=/2006/9/6/business/15345958&amp;sec=business">No proposals to buy Proton stake<br /></a></strong><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115743262832120667?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com5tag:blogger.com,1999:blog-12927938.post-1157253628884179482006-09-03T10:30:00.000+08:002006-09-05T11:23:16.516+08:00Thank you <a href="http://www.blogger.com/profile/7214910">Fashion Asia </a>for <a href="http://www.blogger.com/comment.g?blogID=12927938&postID=115716451980190136">waiting for my comment</a>.<br /><br /><strong>Beneficiaries</strong><br /><strong></strong><br />The main beneficiaries sector is <strong>Banking and Islamic Financial Sector:</strong><br /><strong></strong><br />To encourage banks to expand overseas and establish a regional presence, the Government has proposed that Malaysian-owned banks be given tax exemption for five years on income received from their new branches or remittances from subsidiaries overseas, operating within the three-year period, from the year of assessment 2007.<br /><br />This would encourage local banks to explore and increase their presence in new and competitive regional and global markets.<br /><br />Currently, Maybank has a large branch network overseas especially in Singapore. Public Bank Bhd has aggressively expanding overseas like Vietnam and China and has a subsidiary in Hong Kong. Bumiputra-Commerce Bank, however, expand via Merger &amp; Acquisition, apparently, this unable to benefit from the tax break. Hong Leong Bank recently has obtain approval to open branch and representative office in Vietnam and China respectively.<br /><br />Other than that, government also announced <a href="http://thestar.com.my/news/story.asp?file=/2006/9/2/business/15319560&sec=business">6 measure to boost Islamic finance</a>. This encouraging foreign players to set up their Islamic financial base in Malaysia and local banks to venture abroad with their Islamic banking expertise. Currently, Public Bank Berhad has the largest Islamic finance function in Malaysia.<br /><br />Updated link: <a href="http://thestar.com.my/news/story.asp?file=/2006/9/4/business/15322958&amp;sec=business">Towards a global Islamic financial hub<br /></a><br /><br /><strong>UMNO Assembly Budget</strong><br /><strong></strong><br />Generally, Budget move from traditional October to September ahead of UMNO assembly was seen as an UMNO Assembly budget. With announcement of bonus to civil servant plus project announced for small bumiputra contractor in construction industry has been expected.<br /><br />Updated link : <a href="http://thestar.com.my/news/story.asp?file=/2006/9/4/business/15319585&sec=business">Potential winners (large and small- to medium players )for projects under the 9MP</a><br /><a href="http://thestar.com.my/news/story.asp?file=/2006/9/4/business/15319835&amp;sec=business">Sector woes likely to end<br /></a><br /><strong>Towards 70 million population policy</strong><br /><strong></strong><br />70 million population policy was announced by Tun Dr Mahathir. However, Budget 2007 indicated that Pak Lah never abandon the policy. Government removal of the examination fees for the UPSR, PMR, SPM and STPM will be a <a href="http://thestar.com.my/news/story.asp?file=/2006/9/2/nation/15317702&amp;sec=nation">great help to big family with large number of children.</a> Childcare centre will be establishing in all government department. This is a great relief for working mother and promote 70 million population policy<br /><br /><strong>Promote entrepreneurship</strong><br /><strong></strong><br />Reduction in Corporate Tax to 27% in 2007 and 26% in 2008 promote setting up of company or entrepreneurship. This is because Personal Income Tax still at 28% at highest rate while company with profit less than RM500,000 tax at 20% while Profit more than RM500,000 tax at 27%. Thus, its time high remuneration employee, sole proprietor or partnership for from a limited company if your income exist RM500,000 and you pay tax more than 20%.<br /><br />TechnoratiTag:<a href="http://technorati.com/tag/klse" rel="tag">klse</a> <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Social" rel="tag">Social</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115725362888417948?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1157164519801901362006-09-02T10:16:00.000+08:002006-09-11T07:35:57.700+08:00Last year. A blogger Rational Thinking complaint that there is too few comment on Budget 2006 among Malaysian blogger. This year, in less than 24 hours after Budget 2007. I find at least 4 comment on Budget 2007:<br /><br />THE MALAYSIAN <a href="http://the-malaysian.blogspot.com/2006/09/budget-2007-highlights.html">Budget 2007 Highlights</a><br />Lim Kit Siang <a title="Permanent Link: 2007 Budget (2) - Two disappointments" href="http://blog.limkitsiang.com/?p=676" rel="bookmark">2007 Budget (2) - Two disappointments</a><br />PRESENT POINT POWER <a href="http://powerpresent.blogspot.com/2006/09/malaysia-2007-expansionary-budget.html">MALAYSIA 2007 EXPANSIONARY BUDGET BOOSTS BUSINESS; Lower CORPORATE TAX; No EXAM FEES; HELP UNEMPLOYED GRADS; UP CIGARETTES &amp; LIQUOR </a><br />MageP's Lab <a href="http://www.skthew.com/2006/09/01/friendly-budget/">Friendly Budget</a><br /><br />Watch out for <a href="http://competitivemalaysia.blogspot.com/2006/09/my-comment-budget-2007-1.html">my comment </a>tomorrow<br /><br /><br /><strong>Update</strong>:<br />无聊小站:<a title="Permanent Link: 生物科技业者免税十年" href="http://duller.kukuchew.com/archives/913" rel="bookmark">生物科技业者免税十年</a><br />Malaysia Students:<a href="http://malaysian-students.blogspot.com/2006/09/national-examination-fees-abolished.html">National Examination Fees Abolished from 2007 onwards</a><br />small and medium thoughts: <a href="http://smallandmedium.blogspot.com/2006/09/oil-income-allows-for-expansionary.html">Oil Income allows for expansionary Budget </a><br />Beauty Biotech: <a href="http://beautybiotech.blogspot.com/2006/09/budget-2007-on-biotechnology-halal.html">Budget 2007 on Biotechnology, Halal Food and Agriculture </a><br /><br />TechnoratiTag:<a href="http://technorati.com/tag/klse" rel="tag">klse</a> <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Social" rel="tag">Social</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115716451980190136?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1156821403028927022006-08-29T10:59:00.000+08:002006-08-29T11:26:05.976+08:00Recently, when I check my <a href="http://www.technorati.com/search/http://competitivemalaysia.blogspot.com?cc=q92jz74832">technocrati ranking</a>. I found that my blog has been list as one of <a href="http://goodbaduglysg.blogspot.com/2006/08/some-common-ugly-singaporean-blogs.html">top 25 Most Ugly Singporean Blog</a>. Celebrity blogger <a href="http://goodbaduglysg.blogspot.com/2006/08/some-common-ugly-singaporean-blogs.html">Xia Xue </a>rank No 3.<br /><br />My blog list they because I have <a href="http://competitivemalaysia.blogspot.com/2006/04/stupid-singaporeans-and-li-ao.html">write a comment </a>on an article by <a href="http://thestar.com.my/news/story.asp?file=/2006/4/23/focus/14029830&amp;sec=focus">Seah Chiang Nee, a columnist at The Star </a>base in Singapore.<br /><br />I was confused as I am not a Singaporean.<br /><br />The blogger eventually clarified in his comment column that "Apology for not being clear, the list of links are some common blogs about other bloggers complaining about ugly Singaporean behaviours. I guess by complaining about ugly Singaporeans behaviours, we can give them the benefit of the doubt that they dont do the same..."<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Singapore" rel="tag">Singapore</a><a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Social" rel="tag">Social</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115682140302892702?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1156504369691889882006-08-25T18:03:00.000+08:002006-08-28T07:45:54.570+08:00The Third Industrial Master Plan (IMP3) will be driven by<a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_339a838f-cb73c03a-dfe30300-c0c8baef"> 10 strategic thrusts</a>. One of the strategy is : Positioning services as a major source of growth. A major focus is to make Malaysia a regional centre for selected services, which include <strong>business and professional services, integrated logistic services, construction, education and training, health</strong> and <strong>tourism.</strong><br /><br /><br /><strong>Industrial Plan Vs Services Master Plan</strong><br /><br />This is the third Industry Master Plan, but it look like a Services Industry Master Plan as a greater emphasis is place on service sector. During the IMP3 period, the services sector will be the largest provider of employment, at 52.2% by 2010, while the manufacturing sector will only<br />account for 30%. <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_3398e07a-cb73c03a-dfe30300-cfb14e44">The services sector is one of the pivots in the Third Industrial Master Plan (IMP3)</a> During the plan period, the non-government services sector is projected to grow at 7.5% per annum while construction services, at 5.7%. The <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_204bb73e-cb73c03a-1f5b4d10-330b8bfe">manufacturing sector however, would only growing at 5.6% annually </a>during the IMP3 period and contributing 28.5% to the economy in 2020.<br /><br />To achieve the growth targets, the IMP3 has formulated a set of comprehensive strategies and policy measures, as well as identified several sub-sectors for further development. They are <strong>business and professional services, distributive trade services, construction services, education and training, healthcare</strong> and<strong> tourism</strong>.<br /><br />Several policy measures will also be implemented to give the sector a boost. They include:<br /><br /><ul><li><br />The formulation of a <strong>Distributive Trade Master Plan</strong>, which will contain strategies to promote foreign direct investments (FDIs) and cross-border trade as well as upgrade the activities of the domestic services providers; </li><li><br />Matrade, together with the Ministry of Entrepreneur and Cooperative Development and the Malaysian Franchise Association, will support the growth and expansion of franchising. This is given that fact that home-grown franchise businesses have the potential to expand overseas; and </li><li><br />In construction, the CIDB (Construction Industry Development Board) will continue to be the integrated centre for the registration and renewal of licences to contractors. To improve performance, a comprehensive performance rating system will be introduced to cover key areas, such as safety and quality. </li></ul><p>The report said major services sub-sectors targeted for greater development and export promotion include: </p><p><br /><strong>· Business and professional services<br />· Tourism<br />· Education and training<br />· ICT and multimedia services<br />· Health services, and<br />· Construction. </strong></p><p><strong>Missing Link</strong></p><p>After I have repeat so many time. Did you realize what is the missing link?</p><p><strong>Entertainment and Culture Industry</strong></p><p>Remember how Japan indgiant giany Sony, Venture out from it traditional hardware E&E industry to Sony Music and later merge a Hollywood base picture company. It act was follow by rival Matsushita Panasonic later. Matsushita Panashoweverhowevr dispose off it Hollywood business later. Sony, however, appointed a CEO from Hollywood recently, become the first hardware company head by a person from entertainment industry and first US citizen to head a Japan corporation (Nissen CEO is French).</p><p>In US, industrial giant GeElectricletric(GE) also acquired a television network company when headed by Jack Welch.</p><p>South Korea drama like Winter Sonata has boost the tourism sector and sales of Samsung handphone. </p><p>In Malaysia, when young Malaysian was crazy on never ending TV reality show and the fact that Singapore TV reality show has successfully penetrate Malaysia market. I don't understand why IMP3 has left out such an important industry.</p><p>While bumiputra might generally weak in Science and Maths. They are , however, talented in entertainment and culture industry.</p><p><strong>Financial Service Industry</strong></p><p>While US based General Electric (GE) has venture out in financial service to provide finance on it aircraft business initially and has acquired non-performing loan in Thailand during Asia financial crisis. GE has become a financial giant under Jack Welch, </p><p>In Japan, Sony has form a Sony Bank. In South Korea, conglomerate control credit card business. I don't understand why IMP2 has left out this industry! Maybe it classified under Business and Professional Service? or it has been cover under Financial Sector Master plan announced by Bank Negara earlier?</p><p><strong>Retail and Distribution</strong></p><p>Japan FDI in Malaysia initially comprises manufacturing sector like Matsushita Panasonic, Toshiba. It is the retail giant that came to Malaysia eventually: Like Yoahan initially and now Jusco Aeon. </p><p>Other Europe retail giant including Makro, Carrefour, Tesco etc.</p><p>Wal Mart become the largest company in US. Marks &amp; Spencer do not own any factory, but it able to shift it manufacturing to any country that able to produce goods at lowest price.</p><p>Direct Selling Company like Amway,Avon, Mary Kay make a mark in the distribution chain and Internet distribution company like Amazon also gaining influence. When manufacturing FDI flow to low cost China. It is those who control distribution that get the highest margin.</p><p>Again, I never see retaidistributionbution on IMP3. Maybe it cover under <em>Distributive Trade Master Plan</em> above. </p><p>Malaysian hypermarket group Giant has been disposed off to Hong Kong base British control company. Malaysian more prefer to shop in Jusco Aeon rather than it own Parkson. Pakson however has first mover advantage in China.</p><p><strong>ICT and multimedia service</strong></p><p>Government should disclose statistic on it success of ICT and multimedia service under IMP2 and Multimedia Super Corridor (MSC). Government has provide grant for manufacturing company to implement ERP system under MSC and IMP2. What is the response?</p><p>Surprisingly, government never provide such grant to service sector like hotel and tourism and construction and property development company. However, the industry has successfully nurture a Malaysia home grow ERP company in that sector...Mesdaq listed <a href="http://www.ifca.com.my/">IFCA</a>.</p><br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115650436969188988?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1154662287278255942006-08-04T11:18:00.000+08:002006-08-04T11:36:43.920+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/p3-twoch.jpg"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/p3-twoch.jpg" border="0" /></a><br />UEM World shares had jumped 190% year-to-date, while UEM Builders surged more than 360% in the same period. Opus’ share price, on the other hand, gained 44% and CIMA improved some 74%. Reported The Star today.<br /><br />I have feature UEM on <a href="http://competitivemalaysia.blogspot.com/2006/03/beginning-of-next-uem-bull-run.html">7 March 2006 </a>and <a href="http://competitivemalaysia.blogspot.com/2006/03/does-uem-shares-price-bull-run.html">15 March 2006 </a>respectively.<br /><br />The shares of several companies under the UEM group, however, received mixed interest yesterday after the group was awarded the concession to build, manage, operate and maintain the second Penang Bridge.<br /><br />Parent company, UEM World Bhd’s share price fell 2 sen to RM1.62 while subsidiary UEM Builders Bhd’s share price rose 4 sen, or 3.3%, to RM1.25.<br /><br />Opus International Group plc gained 2.5 sen to 88 sen, but Cement Industries of Malaysia Bhd’s (CIMA) lost 2 sen to RM2.30.<br /><br />TA Securities said in a report the second Penang Bridge project might have spin-off effects on other contractors, hence other potential beneficiaries of the project “may prevail some time later.”<br /><br />Remember to rotate between the two company.<br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115466228727825594?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1154580261730245022006-08-03T11:57:00.000+08:002006-08-03T12:45:55.553+08:00<strong>This is Part 7 on automobile industry. <a href="http://competitivemalaysia.blogspot.com/2006/07/low-margin-of-malaysia-auto-parts.html">Part 1</a></strong><br /><strong></strong><br />Automobile industry invented a lot of management theory. The most famous is <strong>"Just-In-Time" </strong>management theory by Toyota in Japan. In order for this theory to be implemented effectively. We have to implement <strong>"Total Quality Management</strong>", "<strong>Supply Chain Management"</strong> <strong>(SCM)</strong> and may be <strong>"Enterprise Resources Management"(ERP). </strong>However, the pioneer should be <strong>mass production line</strong> invented by Ford which practice by most factory in the world until recently. When the computer has been invented and utilized in factory management. Customization can be done in low cost manner.<br /><br />However, for Proton to survive. We have to borrow management theory from other industry.<br /><br />Traditional costing and pricing told us we have to add cost plus margin to price our product. Apparently, this is what Proton and other Government Link Company(GLC) has been practice. Usually GLC like Tenaga, Pos Malaysia and even PLUS would said:<br /><br />" Price has to increase because we have not increase the price for ......years."<br />" Price has to increase because we are still lowest in Asia and in the World"<br />"Price has to increase because raw material like petrol has increase"<br /><br />Only Telekom Malaysia Bhd or more specifically TM does not used such tactic because it has to compete with Maxis and DiGi. Actually, price has decrease over time because of competition. However, monopoly business like broardband remain high and not popular in Malaysia because of lack of competition.<br /><br />Sony founder Akio Morita when develop Walkman. Find that his invention is too costly to manufacturer and unaffordable to public. Thus he set a <strong>Target Price</strong> that reasonably affordable by public and try numerous ways to manufacture the product at that cost. Eventually, he find this can be done and Walkman become affordable to general public. Then he used such technique to drive the cost of other company product down to compete with Matsushita or Panasonic. This become the whole company practice and Sony overtake Matsushita or Panasonic become a leading electrical company in Japan.<br /><br />Now, <strong>Target Costing</strong> become a management theory that have to be study by accounting student. Actually this is also how Ford invented it Mass Production Line to drive automobile cost down.<br /><br />I feel Proton and all other GLC lack of such culture. Numereous way has been implement to drive cost down with the government help by raising tax for other imported cars. A few decade has pass but Proton still unable to drive cost low.<br /><br />While other company like computer manufacturer like Dell and Mobile Phone manufacturer able to drive the price of computer abd handphone become lower and lower. Malaysia GLC alway try to increase their price.<br /><br />I have ask a counter staff at Pos Malaysia Bhd why the postage charges become so high and the reply I get is "Did you pay higher price for your petrol? That is what we used to deliver your mail". Eventually, I found out that the particular staff have charge me wrongly. The actual postage should be lower. She just try to charge me higher to drive the company turnover higher so that she able to get higher bonus at the end of the year or she might get better price for her stock option. What an unethical act.<br /><br />The point is, Malaysia's GLC do not have culture for <strong>Target Costing .</strong><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115458026173024502?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1154494224657397952006-08-02T12:50:00.000+08:002006-08-02T13:01:57.700+08:00Perusahaan Otomobil Kedua Sdn Bhd <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_af4a6d52-cb73c03a-1b483920-3064d297">(Perodua) has cemented its position as the market leader for passenger car sales, overtaking Proton Holdings Bhd</a>, by capturing a 42.4% market share in the first half of the year (1H06).<br /><br />Perodua Auto Corporation, the 49%-owned manufacturing arm of Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and whose other shareholders are Daihatsu Motor Co Ltd (41%) and Mitsui &amp; Co Ltd (10%). Although Perodua still the largest shareholder, but Japanese collectively control 51% of Perodua Auto Corporation. Malaysian merely control 49% of the company. Can this call a National car?<br /><br />Perodua Auto Corporation was established as a result of a restructuring exercise in 2001 to enhance its overall competitiveness for the post Asean Free Trade Area (Afta) era.<br /><br />While Tun Mahathir and Tengku Mahalee claim Naza Kia should not be grant a National car status. As Naza used imported parts rather than source from Malaysia supplier. I personally feel that Naza more qualified to be claim as a National car than Perodua.<br /><br />Thus, next time you buy a Kancil. You might not be support our national car as Malaysian merely control 49% of the company.<br /><br />Rumours said that Proton appointed ex-Perodua executive Syed Zainal Abidin Syed Mohamed Tahir as it new Managing Director because of it ability to secure Japanese as Perodua's partners.<br /><br />It is yet to be seen whether Syed Zainal Abidin Syed Mohamed Tahir would let go 51% of Proton again to foreigner?<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115449422465739795?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1154407363797186972006-08-01T12:19:00.000+08:002006-08-02T13:10:20.176+08:00When Honda enter automobile industry in Japan. Japan market has been dominated by Toyota and Nissen and Honda has difficulties to penetrate Japan's market.<br /><br />When face difficulties in it home country. Honda then try to penetrate US market by setting up a factory there. Honda, the smallest automobile company in Japan then, become the first Japan's automobile company that set up factory and successfully penetrate US market. Then Toyota and other company in Japan also follow Honda foot step by setting up factory there.<br /><br />After successfully penetrate US market. Then Honda able to slowly gain market share in it home country...Japan.<br /><br />South Korea's Hyundai become competitive also because the company able to penetrate US market to compete with General Motor, Ford, Toyota and Honda there.<br /><br />Malaysia's Proton has enter UK and Australia market. But they never enter US market.<br /><br />US, a country that promote free trade via World Trade Organisation (WTO) apparently protect import of automobile to the country unless we set up a factory there, like what Honda, Toyota and Hyundai did.<br /><br />It is not sure why Proton never enter US market. It market shares in UK also has been deteriorated.<br /><br />There is a rumour in the market that Proton try to get Mitsubishi to become it technical partner. Actually, Mitsubishi financial position is far more severe than Proton and the company is up for sell. Proton should team up with Petronas or other financially strong company to acquired the whole company rather than request Mitsubishi to become technical partner. When we become a shareholder, we gain their technical knowledge like Lotus did to Proton.<br /><br />If Proton unable to swallow the whole Mitsubishi. At least should acquired their plant in US, if any to try to penetrate US market. I don't think any automobile company able to survive without successfully enter US market.<br /><br />Update: <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c8275f40-cb73c03a-29d65b00-b4cd9e66">Proton's can of worms </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c8268902-cb73c03a-29d65b00-b8e24782">'Board kept in the dark' </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c825c850-cb73c03a-29d65b00-b36f2b88">RM4 bil spent on R&amp;D </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c852d48e-cb73c03a-29d65b00-cbd5be16">EON faces reality </a><br /><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c4686c51-cb73c03a-29d65b00-58e3b58e">Proton: Tighter systems in place </a><br /><br /><br /><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115440736379718697?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com2tag:blogger.com,1999:blog-12927938.post-1153461921998881842006-07-21T13:28:00.000+08:002006-09-02T10:14:44.116+08:00After I have received<a href="http://competitivemalaysia.blogspot.com/2006/07/low-margin-of-malaysia-auto-parts.html"> first </a>and <a href="http://competitivemalaysia.blogspot.com/2006/07/us-automobile-company-vs-japan.html">second</a> email from my reader. On Monday, I received a third email from another reader regarding automobile industry excerpt as follow:<br /><br /><strong>From: saam <</strong><a title="mailto:saam0212@gmail.com" onclick="return top.js.OpenExtLink(window,event,this)" href="mailto:saam0212@gmail.com" target="_blank"><strong>saam0212@gmail.com</strong></a><strong>><br />Date: Jul 17, 2006 8:42 AM<br />Subject: competitive of proton<br />To: </strong><a title="mailto:BeautyBiotech@gmail.com" onclick="return top.js.OpenExtLink(window,event,this)" href="mailto:CompetitiveMalaysia@gmail.com" target="_blank"><strong>CompetitiveMalaysia@gmail.com</strong></a><strong><br />Hi, I have read about your blog. I want to know more about proton. Like what kind of competitive is proton facing now? Like if you are a buyer, would u prefer to buy proton car. Like would u buy Proton Chancellor? As the price is almost the same with the Toyota Camry and Honda Accord. In what aspects you will take into considerations? Recently I am doing a research about Proton Company. So I would like to gather more information about Proton. Thanks.<br /></strong><br />First, I like to answer a question from Colin on whether I would buy Proton with the share price dropped so low by now?<br /><br />What I can said is even the most conservative successful investor like Warren Buffet would do turnaround investment where he would try to invest in company in nearly bankrupt but going to turnaround. Warren Buffet invested in American Express, a credit card company when the company shares price drop to it bottom.<br /><br />However, Bottom Fish is a risky investment as it is difficult to know where is the bottom. Timing is very important. For me, I do not have plan to buy Proton in near future as I do not know the new CEO well. I feel investment in company equivalent to investment in a company CEO. If government let Idris Jala to head Proton rather then MAS. I might be consider as he has the track record of turnaround a company.<br /><br />On whether I would buy Proton, Toyota or Honda. I think I would buy South Korea brand if I want to own a car. Either Hyundai or Kia. My first car was Proton Saga. My second car, Proton Wira was provided by my company. I never own any car since my company provided a motor vehicle to me. The point is, I have give enough support to Proton.<br /><br />Japan has move a lot of factory from Malaysia to China. I feel this trend unlikely to reverse in near future. Thus, Why support Japanese, as they contribute less and less to out country. I feel Asia depend too much on Japan and their Prime Minister frequently insult China, Chinese and Asean. I feel we need to have another balancing power. I would buy South Korea brand like Samsung rather than Sony. Hyundai rather then Toyota. I watch Korea movie/drama rather than Japan movie/drama.<br /><br />Another reason is security. Malaysia crime rate and car theft was high. If you buy a popular brand like Proton, Toyota and Honda. You are risk of being theft but if you buy a less popular brand like Hyundai or Kia. Chances are you are less likely to be target by car thieve.<br /><br />Of course, if you want to do research. You cannot take my opinion as I always take a less popular alternative.<br /><br />Link: <a href="http://competitivemalaysia.blogspot.com/2005/07/benqsiemens-vs-proton-mitsubishi.html">BenQ,Siemens Vs Proton , Mitsubishi </a><br />Link: <a href="http://competitivemalaysia.blogspot.com/2005/07/automobile-industries-in-new-economy.html">Automobile industries in new economy </a><br /><br /><a href="http://zoomclouds.egrupos.net/tag/SARA/proton">ZoomClouds<br /></a><br /><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115346192199888184?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com4tag:blogger.com,1999:blog-12927938.post-1153105694853272502006-07-17T11:00:00.000+08:002006-07-21T14:18:07.286+08:00Proton, initially founded by the government, has become one of the leading brand in Malaysia at one point of time. If you ask foreigner which brand they can think of like Sony and Toyota with Japan, Samsung with South Korea. People will think of MAS and Proton as a brand they can remember about Malaysia. Especially at a time when Proton was doing well in UK. However, Sales of Proton in UK has deteriorated.<br /><br />After some time, government shift it policy to nurture bumiputra entrepreneur. Proton, and its holding company fall in the hand of late Tan Sri Yahaya Ahmad. However, sudden demise of Tan Sri Yahaya Ahmad cause government effort back to square one. Beside, DRB-Hicom group lead by late Tan Sri Yahaya Ahmad has over gear themselves and over diversified into too many area including transport(IntraKota), Banking and Finance etc. When Asian financial crisis hit the country. The company has to dispose off IntraKota and Proton back to government.<br /><br />AP policy, which aim at nurture bumiputra entrepreneur successfully nurture another automobile entrepreneur.....<a href="http://www.naza.com.my/">NAZA</a> group's Tan Sri S.M. Nasimuddin Amin. Tan Sri S.M. Nasimuddin Amin, unlike three other AP King, has his own company NAZA and has make his company into a large business entity.<br /><br />After sudden demise of late Tan Sri Yahaya Ahmad. There was no visible bumiputra automobile entrepreneur in Malaysia until NAZA was granted national car status.<br /><br />However, when government has two goal.....National car brand and nurture bumiputra automobile entrepreneur. When Proton was head by late Tan Sri Yahaya Ahmad where two goal was heading in same direction and lead by same person. It still look okay as there is goal congruence. However, when Proton, a Government Link Company (GLC) head by Executive reported to government and another national car NAZA head by a bumiputra entrepreneur. The two goal was in conflict that lead to conflict between present Prime Minister and Ex-Prime Minister.<br /><br /><strong>Solution</strong><br /><strong></strong><br />The solution should match the two goal together or what we said "Goal Congruence" in management theory. That is to let bumiputra entrepreneur to lead Proton rather than Proton remain as GLC. When entrepreneur spend their own money invest in a company. They have to try their best to run the company. If not, they will lose all their own money. Of course, the government should not bail out the company when the company fail, nor should government enter into a deal with bumiputra entrepreneur like what disclose by <a href="http://www.google.com.my/search?hl=en&cr=countryMY&amp;sa=X&oi=spell&amp;resnum=0&ct=result&amp;amp;amp;amp;amp;amp;amp;cd=1&q=Tajuddin+Ramli&amp;spell=1">Tajuddin Ramli</a>. All buy and sell should done in a willing buyer willing seller free market basis.<br /><br />When Tun Daim become Finance Minister. He, an ex-businessman nurture a lot of bumiputra entrepreneur. However, those bumiputra entrepreneur was not an entrepreneur or do not run their own business previously. They all are ex-employee of Peremba when Tun Daim head the company. They all are good employee with good qualification. However, if you look at other community like chinese. High qualification good employee might not be successful businessman. Successful businessman might be a school drop out like Bill Gates.<br /><br />Present Second Finance Minister Tan Sri Nor Mohamed Yakcop policy was different from Tun Daim. As an ex-central banker, he like to run a large group of GLC and like to nurture young executive to run the company. <a href="http://competitivemalaysia.blogspot.com/2006/01/south-korea-singapore-hong-kong-and.html">It look like he emulate Singapore style where government lead the economic, rather then Hong Kong style where entrepreneur that lead the economic. </a>However, unlike entrepreneur, the only solution for those Nor Mohamed's executive is price increase, which lead to present high inflation environment.<br /><br />I feel Hong Kong style more suitable to nurture bumiputra entrepreneur. Further, <a href="http://competitivemalaysia.blogspot.com/2005/09/glc-classified-as-non-bumiputra.html">GLC was classified as share control by non-bumiputra.</a> Only when a company control by bumiputra enterpreneur, not GLC, was classified as share control by bumiputra. Thus, to place Proton under bumiputra entrepreneur would significantly increase bumiputra percentage to achieve New Economic Policy 30% target.<br /><br /><a href="http://www.naza.com.my/">NAZA</a> group's Tan Sri S.M. Nasimuddin Amin. Unlike ex-employee of Peremba, he is a successful entrepreneur himself. Beside not many bumiputra have financial muscle to swallow a large company like Proton. The important point is, he know in and out of automobile industry. This is one of the reason when Ford agree to joint venture with Hyundai's founder.<br /><br /><strong>Integrity</strong><br /><strong></strong><br />In AP controversial. Ex-Prime Minister Tun Dr Mahathir alleged International Trade Minister Rafidah deceiving him to award national car status to NAZA. It is not sure Tan Sri S.M. Nasimuddin Amin involve or not or only Rafidah was involved. However, Tun Dr Mahathir later attend a function organized by NAZA indicated that he was not involved.<br /><br />Then, there is allegation of people under declared tax under AP system. It is not sure the allegation was against NAZA or other group. No prosecution was done eventually. Even if he involve in under declaration of tax. Government can purnish him by make him to acquire Proton stake at high price.<br /><br /><strong>Petroleum money</strong><br /><strong></strong><br /><a href="http://photos1.blogger.com/blogger/1795/1117/1600/the_aviator_poster.jpg"><img style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/the_aviator_poster.jpg" border="0" /></a>Howard Huges(<a href="http://www.miramax.com/aviator/">Aviator</a>), successfully venture into aviation industry or airplane manufacturing because he has fund from profit of an oil and gas company he inheritance from his late father. South Korea LG group and Samsung group successfully enter into highly competitive electrical home appliances market because government award them petroleum refinery license. Another South Korea group <a href="http://competitivemalaysia.blogspot.com/2005/11/maxis-sk-telecom-in-malaysia.html">SK Group </a>also used profit from their oil and gas industry to venture into telecommunication industry.Like our <a href="http://competitivemalaysia.blogspot.com/2005/11/maxis-sk-telecom-in-malaysia.html">Ananda Krishnan's Maxis</a>.<br /><br />Malaysia Petronas, has at one point of time hold share in Proton. However, Petronas has dispose off the shares eventually. Petronas still sponsor R&D of F1 engine. This means there is two team doing R&amp;D in car engine, Petronas and Proton-Lotus. Should government rationalize the two unit?<br /><br />I feel government should let bumiputra entrepreneur to run Proton. Government can award petroleum refinery license to that particular entrepreneur to finance him to compete in the industry.<br /><br />Alternatively, if Proton remain a GLC. Government should let it place under Petronas. Or more specifically, both Petronas F1 engine R&D unit and Proton should inject into MISC, which has shipyard like Hyundai and Mitsubishi to form a <a href="http://competitivemalaysia.blogspot.com/2005/05/malaysias-mitsubishi-in-making.html">Mitshibishi in Malaysia</a>.<br /><br /><a href="http://thestar.com.my/news/story.asp?file=/2006/7/17/nation/14857336&amp;sec=nation">On Saturday, Edaran Automobile Nasional Dealers Association of Malaysia said there were 800,000 cars for sale in the market, 250,000 more than usual, making it difficult for national car dealers to remain in business. </a><br /><br />Thus, Proton and government should act fast to find a solution. However, I opposed merger between Proton Edar and EON as this become monopoly and does not benefit to consumer.<br /><br />Link: <a href="http://competitivemalaysia.blogspot.com/2005/07/automobile-industries-in-new-economy.html">Automobile industries in new economy </a><br /><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115310569485327250?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com2tag:blogger.com,1999:blog-12927938.post-1152861525013200712006-07-14T15:05:00.000+08:002006-07-21T14:19:20.586+08:00As <a href="http://competitivemalaysia.blogspot.com/2006/07/low-margin-of-malaysia-auto-parts.html">Colin's email </a>was not specific. I have send an email reply to him to ask him to be more specific. I received an email reply as follow:<br /><br /><strong>Hello Peter,<br /><br />Glad to receive your reply. I have been going through some of the papers regarding issues related to the car industry. One most important aspect i believe, is the government's priority to protect Proton even after the implementation of AFTA (ref:</strong><a onclick="return top.js.OpenExtLink(window,event,this)" href="http://paultan.org/archives/2006/06/19/thailand-malaysia-non-compliant-under-afta/" target="_blank"><strong>http://paultan.org/archives/2006/06/19/thailand-malaysia-non-compliant-under-afta/</strong></a><strong>);also there are quite a number of vendors and sub-vendors of parts and accessories segment in Malaysia, most of them are "products" of Proton project. What do you think the government going to do with the Proton and the vendors? What can Proton possibly can do? Would you buy Proton with the share price dropped so low by now?<br /><br />On the other note, Toyota seems to be able to capitalise on the tariff in AFTA, by constantly transporting parts and cars to and fro thailand and malaysia... maybe you can tell me more abt Toyota strategy in ASEAN countries?<br /><br />Many thanks,<br /><br />Please take your time...<br /><br />Colin.<br /></strong><br />I used to mentioned that <a href="http://competitivemalaysia.blogspot.com/2005/12/benchmarking-of-asia-country.html">China is potential US of Asia while Japan is German in Asia</a>. However, in term of automobile industry. I have difficulties to compare and benchmark China's automobile industry with US automobile industry. Similarly, it is difficult to compare Japan automobile industry with German automobile industry.<br /><br />However, I find it perfectly fit to compare Japan automobile industry with US automobile industry.<br /><br /><strong>General Motor Vs Toyota</strong><br /><strong></strong><br />General Motor used to be the largest automobile company in US and the world. However, Toyota has overtake Ford to become the world second largest automobile company in the world and largest in Asia. Recently, Toyota has overtake General Motor in a few indicator. Toyota executive closely benchmark their company against General Motor and expected to overtake General Motor to become the world largest automobile company in 5 years.<br /><br />However, unlike Honda, Toyota never reveal it Afta plan to public.<br /><br />In Malaysia, to be expose to Toyota. UMW is the company to be invested. Being the largest automobile company in Asia. This is a company you unable to miss in your automobile portfolio. UMW gain substantially in 1993 super bull run. Thus, this is a counter you unable to miss if you believe stock market will begin it bull run again after recent world cup.<br /><br /><strong>Ford Vs Honda</strong><br /><strong></strong><br />Ford and Honda, both company name after their founder's name in their respective country. Honda has a comprehensive <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_31cd0993-cb73c03a-6279d000-19c80d11">Afta </a>plan in Asia. Where it plant in Malacca, Malaysia, manufacture some parts to be use by their plant in Thailand, Indonesia and Philippine. Similarly some model of cars also solely manufacture in Malaysia and then export to other Asean country and vice-versa.<br /><br />In Malaysia, it is not easy to have exposure in Honda. As 51% of the controlling stake of <a href="http://www.honda.net.my/press_media_archive2001_pg4.cfm">Honda Malaysia </a>held by Japan's holding company with the balance 49 share between Oriental Holding and DRB-Hicom Group.<br /><br /><strong>Daimler Chrysler Vs Nissan</strong><br /><br />Chrysler, the weakest automobile manufacturer in America has merged with German's Daimler to form Daimler Chryler. Similarly, Nissan, after a huge loss with prolong recession in Japan, has merged with French's Renault.<br /><br />Nissan Malaysia is the only automobile brand fully control by non-bumiputra.<br /><br /><strong>South Korea catching up</strong><br /><strong></strong><br />South Korea companies, after electronic giant Samsung's profit over take Japan's Sony. It automotive company Hyundai has benchmark against Japan's Toyota. It is yet to be see whether Hyundai able to over take it Japan counter part. In Malaysia, Hyundai brand has slowly gain popularity while another brand Hyundai acquired after Asia financial crisis Kia also gaining popularity in Malaysia.<br /><br />Malaysian really like Kia Spectra as it look like German's BMW. While Korea's SSangyong is license from German's Mercedes.<br /><br /><strong>China</strong><br /><strong></strong><br />China market was dominate by German's Volkswagen.<br /><br /><strong>Positioning of Malaysia</strong><br /><strong></strong><br />Malaysia manufacturing industry is threaten by China's low cost factory. This is just like Europe country a decade ago which threaten by Japanese lower cost manufacturer. Thus, we need to <a href="http://competitivemalaysia.blogspot.com/2006/07/ioi-group-unilever-of-malaysia.html">learn from European country....how they compete with Japanese low cost factory a decade ago.</a><br /><br />I used to benchmark <a href="http://competitivemalaysia.blogspot.com/2005/12/benchmarking-of-asia-country.html">China against US, German against Japan, French against Korea</a>.<br /><br />The only European country that have automobile industries that available for Malaysia to benchmark is Italy, Sweden and Belgium.<br /><br />Belgium is a headquarters of European Union as the country speak English, French, and German. German do not like to have EU meeting in French or UK. French also do not want to attend EU meeting in German or UK. But the three country willing to come to Belgium.Malaysia, have three major race which make it a perfect <a href="http://competitivemalaysia.blogspot.com/2005/12/benchmarking-of-asia-country.html">Belgium of Asia</a>.<br /><br />While Thailand is like Italy in term of travel industry where their capital are flood by water. However, in automobile industry. Thailand is like Belgium, without it own brand of automobile company. Malaysia, like Italy has it own brand Proton and Fiat respectively.<br /><br />Malaysia's furniture industry also like Italy's furniture industry, both within top 10 furniture export country but Thailand was unlike Italy in this industry. Malaysia's furniture industry has a lot to learn from their counter part in Italy in term of design. Similarly, Malaysia's automobile industry can learn a lot from Italy's automobile company in term of design. Malaysia<br />automobile industry can collaborate with furniture industry to attract design expert from Italy after a lot of factory in Italy theaten by China low cost manufacturer.<br /><br />While Proton has dispose off Italy's Augusta. Proton can always recruit it designer back when the company close down. Meanwhile, Proton Lotus can benchmark against Italy Ferrari while Proton can benchmark against Fiat robot manufacturing plant.<br /><br />Another European country that have their own automobile brand is Swedish's Volvo. Volvo used to be more superior brand compare to Italy's Fiat. Volvo used to be considered a up market brand after German's Mercedes and BMW. Volvo, however, have strong trucks manufacturing capability. Thus, Malaysia can target trucks manufacturing rather then passenger car manufacturing. However, Malaysia neighbor, Thailand has strong trucks manufacturing capability despite do not have it own brand.<br /><br />India TATA group also ha upper hand in branded trucks and bus manufacturing technology. Please note that up market brand like Mercedes also have strong trucks and bus manufacturing technology. Thus, Proton can enter trucks and bus manufacturing business to acquired technology in this area. Once it has acquired technology in trucks manufacturing. It can leveraged on this technology to enter up market manufacturing. Majority(90%) of the container haulage are Volvo brand. Malaysia has loss a lot of foreign currency to import the haulage trucks. Malaysia can save a lot foreign currency if Proton enter this market segment.<br /><br />Most important thing, Malaysia should learn from Italy and Swedish company. How the company compete with low cost Japanese brand in 1980an to compete with South Korea and Chinese low cost brand.<br /><br />Link: <a href="http://competitivemalaysia.blogspot.com/2005/07/benqsiemens-vs-proton-mitsubishi.html">BenQ,Siemens Vs Proton , Mitsubishi </a><br /><br />Update: <a href="http://thestar.com.my/news/story.asp?file=/2006/7/4/apworld/20060704082348&sec=apworld">Nissan to start talks with General Motors over possible alliance </a><br /><a href="http://thestar.com.my/news/story.asp?file=/2006/7/16/business/14855442&amp;sec=business">Nissan, Renault and GM explore tie-up</a><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><br /><br /><br /><br /><br /><br /><strong></strong><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115286152501320071?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1152507760544175692006-07-10T13:02:00.000+08:002006-07-17T11:13:21.836+08:00I have received an email two weeks ago from one of my reader. Excerpt as follow:<br /><br /><strong>From: Fong Pan <</strong><a onclick="return top.js.OpenExtLink(window,event,this)" href="mailto:fongkai1980@yahoo.com"><strong>fongkai1980@yahoo.com</strong></a><strong>>> > </strong><br /><strong>Date: Jun 21, 2006 3:20 PM> > </strong><br /><strong>Subject: questions abt car industry> > </strong><br /><strong>To: </strong><a onclick="return top.js.OpenExtLink(window,event,this)" href="mailto:CompetitiveMalaysia@gmail.com"><strong>CompetitiveMalaysia@gmail.com</strong></a><strong>> >> > </strong><br /><strong>Hello Peter,</strong><br /><strong>I have been your blog reader and recently I have to do some writing on car industry in Malaysia. Can you please offer me some knowledge abt the car industry. And it seems like auto parts vendors and manufacturers have also absorbed huge chunk of profit.</strong><br /><strong></strong><br /><strong>Thank you,</strong><br /><strong></strong><br /><strong>Colin.</strong><br /><strong></strong><br />I have been busy for the past two week and I only able to reply now. Sorry for late reply. Current issue of The Edge has make an analysis on local automobile industry. Get a copy for update.<br /><br />Meanwhile, my next few post on this blog will comprises reply to Colin (Fong Pan) beginning with the issue I most familiar with.<br /><br />Auto parts vendors consider low margin business in Malaysia. Despite Proton continue to claim it substantial cost are cause by it social obligation to give contract to Malaysia auto parts manufacturer.<br /><br />At one point of time. Proton ex-CEO Tengku Mahalee said Malaysian chinese should support Proton and high import tax impose on imported cars to protect Proton market shares in Malaysia, if not, a lot of proton auto parts supplier would have to close down and a lot of it own by Malaysian chinese.<br /><br />The statement by a CEO of a Government Link Company(GLC) indicate that most GLC's CEO view that Malaysian chinese are racist. They would support protectionist import tax if he mentioned that a lot of Proton supplier comprises chinese.<br /><br />In actual fact. Chinese is not racist. While chinese will protest if Proton required all auto parts vendors must be 100% own by bumiputra as this is unfair and racist policy. Malaysian chinese would not care if they given a fair opportunity to supply to Proton but the vendor forces to close down due to it own uncompetitiveness. Malaysia chinese would not seek government protection base on the reason that some auto manufacturer comprises Malaysian chinese. It is the job of trade organisation like Auto Parts Manufacturer Association of Malaysia, if any but not the whole chinese community. CEO of GLC should spend time to increase their respective competitiveness of the company rather than play up racist issue like politician.<br /><br /><strong>AIC diversification</strong><br /><br />veteran bumiputra auto parts vendors to Proton, Datuk Haji Sarip bin Hamid who own a few public listed company including <a href="http://www.aic.com.my/aicorp.htm">AIC Corporation Bhd</a>, <a href="http://www.jotech.com.my/">Jotech Holdings Bhd</a>. Started as auto parts vendor to Proton, AIC Corporation Bhd' s AIC stand for Autoindustries Corporation. However, Datuk Haji Sarip realize that margin become lower and lower when Proton demand it supplier to lower their cost. Thus, he diversified to more lucrative semiconductor manufacturing. Now, other than non-bumiputra control <a href="http://www.carsem.com/">MPI</a>, <a href="http://www.unisem.com.my/">Unisem</a>, <a href="http://www.globetronics.com.my/">Globetronics</a> etc. Datuk Haji Sarip's AIC Corporation is the only bumiputra semiconductor manufacturer in Malaysia. Its later diversification to TFT-LCD manufacturing make him now the only TFT-LCD public listed manufacturer in Malaysia.<br /><br />Datuk Haji Sarip is one of the bumiputra entrepreneur that I respect. He does not relied on contract from GLC like Proton, but he get contract from Multinational Corporation (MNC) base on his own competitiveness. However, I feel government never give him much help like other crony. He prefer to make donation to the poor rather than make political donation. Maybe this is the reason he never get help from the government.<br /><br /><strong><a href="http://biz.thestar.com.my/news/story.asp?file=/2006/7/11/business/14797115&sec=business">Ingress</a> invest in Thailand</strong><br /><strong></strong><br />Another bumiputra manufacturer <a href="http://www.ingresscorp.com.my/"><strong>Ingress Corporation Berhad </strong></a>set up factory in Thailand, Detroit of Asean, and Indonesia. The venture, however, yet to reflected on profit in financial statement.<br /><br /><strong>Delloyd diversified into plantation</strong><br /><br />Another auto parts manufacturer <a href="http://www.delloyd.com/">Delloyd Venture Berhad</a>, which control by non-bumiputra, has venture into oil palm plantation. Delloyd Venture also announced that it explore the opportunity to become an OEM handphone manufacturer.<br /><br />All the above bumiputra and non-bumiputra companies prove that auto parts business is low margin business where it player try to diversified into other industries.<br /><br /><strong>The most competitive auto parts manufacuturer in Malaysia</strong><br /><strong></strong><br />In my opinion, I feel the most competitive auto parts manufacturer in Malaysia is <a href="http://newhoongfatt.com.my">New Hoong Fatt Holdings Berhad</a>. <a href="http://newhoongfatt.com.my/newhoong.htm">New Hoong Fatt</a>'s cash flow, grow are impressive compare to other parts manufacturer.<strong> </strong><br /><p><strong></strong></p><p><strong>Link:The Edge: <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5bcb857f-cb73c03a-110b6400-5b2f4ccf">Slowing to a standstill </a></strong></p><p><strong><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5bcc663c-cb73c03a-110b6400-511a2cec">Shakeout among used car dealers </a></strong></p><p><strong><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5bcc663c-cb73c03a-110b6400-511a2cec">How the main auto players measure up </a></strong></p><p><strong></strong></p><p><strong></p></strong><br /><strong></strong><br /><strong>Update: <a href="http://thestar.com.my/news/story.asp?file=/2006/7/7/nation/14767445&amp;sec=nation">Components factory lays off 270 staff </a></strong><br /><strong><a href="http://www.thestar.com.my/news/story.asp?file=/2006/7/15/nation/14819216&amp;sec=nation">Two-hour notice company rapped<br /></a></strong><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><br /><br /><br /><br /><br /><br /></strong></strong><strong></strong><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115250776054417569?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com5tag:blogger.com,1999:blog-12927938.post-1151903121955337422006-07-03T11:48:00.000+08:002006-07-03T13:32:43.290+08:00<a href="http://competitivemalaysia.blogspot.com/2005/05/malaysias-mitsubishi-in-making.html">Mitsubishi </a>used to be the largest conglomerate in Japan.<a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html"> Samsung</a>, used to be the largest conglomerate in South Korea. Whereas, <a href="http://www.jardines.com">Jardin Matheson</a> used to be the largest conglomerate in Hong Kong.<br /><br />Jardin Matheson control Cycle & Carriage, which own Mercedes franchise in Malaysia. Jardin Metheson also control Dairy Farm, a company that take over Giant hypermaket in Malaysia. Jardin Matheson also control Guardian pharmacy in Malaysia.<br /><br />Jardin Matheson used to be deemed as a company control by colonial British's family. Chinese richest family in Hong Kong, Li Ka Shin has take over another conglomerate Whampoa ( Now <a href="http://www.hutchison-whampoa.com/eng/index.htm">Whampoa-Hutchinson</a>) Whampoa operate one the most busiest port in the world, whereas Hutchinson dominated telco market in Hong Kong, like <a href="http://competitivemalaysia.blogspot.com/2005/06/competitiveness-of-indian-community-in.html">Ananda Krishnan's Maxis</a> in Malaysia. Li Ka Shin also operate Watson pharmacy in Malaysia<br /><br />Malaysia government also take over a conglomerate from British colonial. Malaysia government take over Sime Darby. Sime Darby used to be a proxy to Malaysia economic.<br /><br /><a href="http://www.ioigroup.com/">IOI Group</a>, initially compete with Sime Darby's Sime UEP Properties Bhd via <a href="http://www.myioi.com/">IOI Properties</a>. Later, IOI group also venture into plantation. However, unlike Sime Darby, IOI Group do not have Automobile division like Sime Darby.<br /><br />However, market capitalization of IOI Properties overtake Sime UEP Properties. IOI Group also have the largest market capitalization among all the plantation company. Eventually, IOI Group market capitalization over take Sime Darby even IOI Group do not have Motor and heavy equipment division. IOI Group's <a href="http://www.ioioi.com.my/">oleo-chemical division </a>is one of the top 5 market capitalization company in Industrial counter on Bursa Malaysia.<br /><br />In Malaysia, the other plantation group that also operate a motor and heavy equipment division is <a href="http://www.hapseng.com.my/">Hap Seng consolidated Bhd</a>. The company is being demerge from<a href="http://www.mymml.com/"> Malaysia Mosaic Bhd</a> which has smaller market capitalization. The demerger has make IOI Group difficult to swallow the company as it has larger market capitalization.<br /><br />The increase in market capitalization of IOI Group has lead to it controlling shareholder, Tan Sri Lee Shin Cheng over take Quek Leng Chan and Lim Goh Tong in Malaysia's richest 40 ranking by Forbes Asia. Please be reminded that Quek Leng Chan is second generation of tycoon, which mean he inherited a substantial portion of his wealth from his father and his uncle whereas Lim Goh Tong involve in lucrative <a href="http://competitivemalaysia.blogspot.com/2006/06/all-in-story-on-gaming-and-casino.html">gaming industry</a>. Tan Sri Lee Shin Cheng was not on the top ten list few years ago!<br /><br />Tan Sri Lee Shin Cheng come from a poor family. He has to sell ais-cream during his school day to make end meet. He also never involve in sin industry(gaming industry). This achievement is really not easy.<br /><br />Malaysia manufacturing industry is threaten by China's low cost factory. This is just like Europe country a decade ago which threaten by Japanese lower cost manufacturer. Thus, we need to learn from European country....how they compete with Japanese low cost factory a decade ago.<br /><br />I used to <a href="http://competitivemalaysia.blogspot.com/2005/12/benchmarking-of-asia-country.html">benchmark Malaysia with Netherlands</a>. One of the largest Netherlands company is Unilever Group. IOI Group, which has take over a few <a href="http://www.croklaan.com/">specialty oil and fats company </a>in Netherlands and plantation land in Malaysia, clearly is a potential Unilever in Malaysia.<br /><br />After <a href="http://competitivemalaysia.blogspot.com/2006/05/entrepreneur-or-investor.html">Hong Leong disposal of OYL</a>. Which have manufacturing plant overseas. The only Malaysia multinational company that have LARGE operation oversea only left IOI Group and YTL Corporation Bhd. IOI Group has announced venture into biodiesel recently.<br /><br />IOI Group start with Lee Shin Cheng acquired an industrial gas company Industrial Oxygen Incorprated(IOI). He later injected his property company Lam Soon Huat(Now IOI Properties Bhd) into the company. This is similar with <a href="http://competitivemalaysia.blogspot.com/2006/01/loser-in-malaysia-stock-market-in-year.html">Tan Sri Datuk Lau Ban Tin's BIG's Industries Bhd. </a><br /><br />It is not sure how many percentage of BIG Indsutries Bhd shares control by Tan Sri Lau Ban Tin now. Anybody who abl to control BIG Industries Bhd able to emulate Tan Sri Lee Shin Cheng step in creating wealth in one generation.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <a href="http://technorati.com/tag/biodisel" rel="tag">biodisel</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115190312195533742?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com3tag:blogger.com,1999:blog-12927938.post-1151719955857885372006-07-01T10:02:00.000+08:002006-07-01T10:32:35.010+08:00Contrary to <a href="http://competitivemalaysia.blogspot.com/2006/06/newspaper-will-raised-their-cover.html">market rumor</a>. Only one news paper increase it cover price. Nanyang increase it cover price from RM1.20 to RM1.30. As Oriental Daily has increase their cover price from RM1.20 to RM1.30 not too long ago. There would be no longer any chinese newspaper daily that cost RM1.20 effective today.<br /><br />Nanyang circulation might be deteriorated as those who buy Nanyang because it is RM0.10 cheaper per day will shift back to Sin Chew and Oriental Daily. Sin Chew Daily is the biggest gainer in these price change.<br /><br />Hopefully, this is not a tactic of <a href="http://competitivemalaysia.blogspot.com/2006/06/528-anniversary-and-nanyangs-story.html">Tan Sri Tiong attempt to close down Nanyang by decreasing it circulation like what he did to one of the Sarawak base chinese daily </a>that he take over previously.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a><a href="http://technorati.com/tag/Media" rel="tag">Media</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115171995585788537?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1151384434763351182006-06-27T12:03:00.000+08:002006-06-27T13:19:27.410+08:00The Reader Digest survey that rank Malaysia or Kuala Lumpur as the <a href="http://thestar.com.my/news/story.asp?file=/2006/6/22/nation/14614095&sec=nation">third worst city in terms of courteousness </a>has cause much debate recently.<br /><br />Some said it is restricted to Kuala Lumpur, not whole Malaysia. Obviously, life in Kuala Lumpur and other part of Malaysia are different. In Kuala Lumpur, if you unable to aggressive while driving. You will deemed uncompetitive to live in Kuala Lumpur. A lot of people who came from our own Kampung would find people in Kuala Lumpur is uncourteous. I personally also find Kuala Lumpur people uncourteous but when I go back to my home town. Those who work in my home town would find my behavior uncourteous even some people in Kuala Lumpur would feel my behavior incompetitive to live in Kuala Lumpur.<br /><br /><a href="http://photos1.blogger.com/blogger/1795/1117/1600/n_06poll.jpg"><img style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/n_06poll.jpg" border="0" /></a><br />Lets look at the comparison with Singapore to see whether the poll reasonable or not.<br /><br />Reader Digest conducted 3 test. We have same ranking on dropping paper test (20th) which I feel is reasonable.<br /><br />We rank higher (25th) than Singapore (33rd) on Holding door test. Which I think also reasonable. Majority of Malaysia would agreed with me.<br /><br />However, in purchasing test, Kuala Lumpur(32nd) ranked substantially lower than Singapore(22nd), 45% vs 70%.<br /><br />If you been to Singapore before and buy something from Singapore retailer. You will always greed with "Thank You". You would really feel customer is king. But you would not feel that in Malaysia. I have such feeling long time ago. But I really in doubts, as Singapore, as a develop country should be less courteous than Malaysia. Now my feeling has been proven correct by Reader Digest survey.<br /><br />Once, I even hear a person call up to a radio "Call In" show mentioning that she is a retail assistant. She said on air that the people she most dislike is her customer who spend little but act like a big boss. I think this is the attitude of majority of Malaysian. Only you able to buy the whole shop you will be entertain courteously.<br /><br />I have discuss this with my boss as I am still young when I went to Singapore at that point of time. My superior told me that Singapore is a service society. Their service industry is world class standard. Their airline, port service, hotel services, retail services is good while Malaysia just transform to Manufacturing economy from agriculture economy. Thus, that is the different.<br /><br />Now, Malaysia manufacturing industry has been threaten by China low cost counterpart. Malaysia has been slowly transform to service economy like Singapore. We slowly gain competitiveness in traveling and education industry. Which we attract business from China big spender. Our Port of Tanjung Pelepas has give some uneasiness to Singapore Port Authority. Our low cost carrier Air Asia slowly gain competitiveness even our Malaysia Airline (MAS) still unable to compete with Singapore SIA. Our Parkson has invaded China Market.<br /><br />However, we still have a lot to do in term of customer services. Our banking services. Which is worst than <a href="http://thestar.com.my/news/story.asp?file=/2006/6/25/nation/14645673&amp;sec=nation">civil services after Pak Lah become Prime Minister</a>. A cosmetic company in Taiwan has engaged a human resources consultant who train SIA staff to train their beauty consultant. Would any Malaysia company do that or would our MAS do that? Malaysian really has to improve their courtesy to compete in service industry if all our factory slowly move to China. Complained on loss of money in banking industry and on loss of item while traveling via our airport cannot be left unattended. Lets correct and improve our courtesy to improve our ranking in next poll and indirectly improve our competitiveness in our service industry<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Social" rel="tag">Social</a><br /><p></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115138443476335118?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1151291029131300182006-06-26T11:03:00.000+08:002006-07-14T14:59:47.403+08:00A rumours has been in the market for quite some time is major chinese newspaper in Malaysia will raised their cover price to RM1.50 from 1 July 2006.<br /><br />Sin Chew Daily together with China Press will lead the increase. It is not sure Oriental Daily and Nanyang will followed or not.<br /><br />Reader unable to log in the current price unless you willing pay in advance of one year subscription to Oriental Daily in major 7-11 outlet. Monthly subscriber to Oriental Daily have to pay the increased price after 1st July 2006. Thus, reader have to pay a substantial upfront to log in the price or you are subjected to the price increase.<br /><br />This is second price increase after the market <a href="http://competitivemalaysia.blogspot.com/2006/06/528-anniversary-and-nanyangs-story.html">has been dominated by one group</a>.<br /><br />It is not sure whether English newspaper and newspaper in Bahasa Malaysia will do the same or not.<br /><br />Link: <a href="http://stockmarkethottips.com/tips/Malaysia-Stock-Market/397/">Stock Market Hot Tips </a><br />Update: <a href="http://competitivemalaysia.blogspot.com/2006/07/nanyang-increase-cover-price-to-rm130.html">Nanyang increase cover price to RM1.30 today <br /></a><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a><a href="http://technorati.com/tag/Media" rel="tag">Media</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115129102913130018?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1151032891216157742006-06-23T10:43:00.000+08:002006-07-03T14:33:12.016+08:00<a href="http://www.forbes.com/home_asia/">Forbes Asia </a>has published a list of <a href="http://joshuateoh.com/blog/?p=317">Malaysia's richest 40</a>. The top 10 list are as follow:<br /><br />1. Tan Sri Robert Kuok US$5.6b (RM20.55b) - 83<br /><br />2. Tan Sri <a href="http://competitivemalaysia.blogspot.com/2005/11/ananda-krishnans-empire-missing-link.html">Ananda Krishnan </a>US$4.6b (RM16.88b) - 68<br /><br />3. Tan Sri Teh Hong Piow US$2.1b (RM7.71b) - 76<br /><br />4. Tan Sri <a href="http://competitivemalaysia.blogspot.com/2006/07/ioi-group-unilever-of-malaysia.html">Lee Shin Cheng </a>US$2.05b (RM7.52b) - 67<br /><br />5. Tan Sri <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">Quek Leng Chan </a>US$2b (RM7.34b) - 65<br /><br />6. Tan Sri Lim Goh Tong US$1.5b (RM5.51b) - 88<br /><br />7. Tan Sri Yeoh Tiong Lay US$1.1b (RM4.01b) - 76<br /><br />8. Tan Sri <a href="http://competitivemalaysia.blogspot.com/2006/06/528-anniversary-and-nanyangs-story.html">Tiong Hiew King </a>US$1.05b (RM3.85b) - 70<br /><br />9. Tan Sri Syed Mokhtar AlBukhary US$1b (RM3.67b) - 54<br /><br />10. Tan Sri Lim Kok Thay US$440m (RM1.61b) - 54<br /><br /><br /><strong>Changes?</strong><br /><strong></strong><br />The most apparent changes of the list compare with previous year is Public Bank Berhad's Tan Sri Teh Hong Piow and IOI Group's Tan Sri Lee Shin Cheng overtake <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">Hong Leong's </a>Tan Sri Quek Leng Chan and Genting's Tan Sri Lim Goh Tong.<br /><br />Quek Leng Chan and Lim Goh Tong used to be in the top 4 together with Robert Kuok and <a href="http://competitivemalaysia.blogspot.com/2005/11/maxis-sk-telecom-in-malaysia.html">Maxis</a>'s <a href="http://competitivemalaysia.blogspot.com/2005/11/ananda-krishnans-empire-missing-link.html">Ananda Krishnan</a>.<br /><br />Tan Sri Teh Hong Piow and Tan Sri Lee Shin Cheng are first generation who create the wealth themselves and not involve in <a href="http://competitivemalaysia.blogspot.com/2006/06/all-in-story-on-gaming-and-casino.html">gaming industry </a>like Lim Goh Tong and Ananda Krishnan. Robert Kuok and Quek Leng Chan are second generation. Which mean their father has earn the first million and they inherited some wealth from their father, while Ananda Krishnan and Lim Goh Tong involve in gaming industry which consider a money printing industry.<br /><br /><strong>Industry</strong><br /><strong></strong><br />Public Bank Berhad's Teh Hong Piow is the only banker in the top 10 list. As Malaysia has a policy of no longer issue banking license to individual. Tan Sri Teh might be the last banker on the list (top 10 list, another bumiputra banker, AmBank Azman appear on top 40 list)<br /><br />3 persons(2 family) are in <a href="http://competitivemalaysia.blogspot.com/2006/06/all-in-story-on-gaming-and-casino.html">gaming industry</a>. Ananda Krishnan via <a href="http://www.tanjongplc.com/FlashSite/Home/Home.asp">Tanjong</a> and Lim Goh Tong and Lim Kok Thay via Genting.<br /><br />5 persons (4 family) (40-50%) are involve in power industry. Ananda Krishnan via <a href="http://www.tanjongplc.com/FlashSite/Home/Home.asp">Tanjong</a>, Lim Goh Tong and Lim Kok Thay via Genting, Yeoh Tiong Lay via YTL Power and Syed Mokhtar AlBukhary via Malakoff. Thus it might be helpful if you involve in power generation or IPP if you want to be on the top 10 list.<br /><br />That might be the reason why public and <a href="http://www.jeffooi.com/2006/06/oops.php">blogger are unhappy on IPP contract</a>.<br /><br /><strong>Next:<a href="http://competitivemalaysia.blogspot.com/2006/07/ioi-group-unilever-of-malaysia.html"> IOI Group: Unilever of Malaysia?</a></strong><a href="http://competitivemalaysia.blogspot.com/2006/07/ioi-group-unilever-of-malaysia.html"><br /></a><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115103289121615774?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com4tag:blogger.com,1999:blog-12927938.post-1150780407216141442006-06-20T13:13:00.000+08:002006-06-20T13:22:13.400+08:00The outburst harsh criticism by former Prime Minister Tun Dr Mahathir Mohamad against his successor Datuk Seri Abdullah Ahmad Badawi has made the headline on all mainstream newspaper in earlier Jun 2006.<br /><br />Datuk Seri Abdullah Ahmad Badawi has an upper hand so far:<br /><br />1) On the day of the news of Tun Dr Mahathir Mohamad alleged Pak Lah cutting off major project initiated by him. On the same day, all Chinese newspaper in Malaysia carried a news report that a strategist of Bank of America praise Malaysia fiscal policy and express confident in Malaysia currency compare to its previously and with other third world country in their economic and business section.<br /><br />2) Over the past week, Umno Members of Parliament, Mentris Besar and the Barisan Nasional component leaders have all pledged their support to Abdullah. The expression of support has been overwhelming and certainly his control of Umno is unshakeable. The Star's columnist Wong Chun Wai write "<strong> But even those close to Dr Mahathir acknowledge the reality that it makes no sense for ambitious Umno politicians to back this retired politician who has no plans and no hope of coming back to power. It is only politically wise to invest in the present and the future, if one wants to climb the hierarchy</strong>. "<br /><br /><br />On 14 June 2006, The Court of Appeal has quashed Sukma's conviction for allowing his adopted brother Datuk Seri Anwar Ibrahim to sodomise him eight years ago. Justices Gopal Sri Ram, Hashim Mohd Yusoff and James Foong unanimously allowed Sukma's appeal and set aside the conviction and six-month jail sentence. A coincident?<br /><br />Sukma convicted when Tun Mathathir was in power. A retrial order clearly is an embarrassment to Tun Dr Mahathir. Is this just a coincident or a warning to Tun Dr Mahathir?<br /><br />Clearly, when Pak Lah face difficulties in getting police to accept IPCMC. Whether right or wrong. Pak Lah cannot afford to lose this battle.<br /><br /><strong>Influence of people with other agenda</strong><br /><strong></strong><br />Tun Dr Mathathir also said:<br /><br /><a href="http://www.jeffooi.com/2006/06/whatzzup_dogs.php">But the present government can do a good job if they want to. The means are there but if they come under the influence of people who have other agendas, then I can’t help.</a><br />Who is the influential people with other agenda?<br /><br />On 14 June 2006 issue of Oriental Daily. Matthias Chang, the former political secretary of Tun Dr Mahathir Mohamad said <a href="http://www.jeffooi.com/2006/06/abdullahs_manipulators_kalimul.php">Kalimullah Masheerul Hassan and Khairy Jamaluddin </a>are the people who influence the PM, and challenge the two to debate with him.<br /><br />Kalimullah is the New Straits Times Press deputy chairman and editorial adviser while Khairy is Abdullah's son-in-law of PM and Pemuda Umno deputy chief.<br /><br />Both are directors of <a href="http://www.ecmlibra.com/">ECM Libra</a>. Kalimullah is Executive Chairman and Co-Chief Executive Officer while Khairy is Director of Investment Banking in <a href="http://www.ecmlibra.com/">ECM Libra</a>.<br /><br />Clearly <a href="http://www.ecmlibra.com/">ECM Libra </a>is the most influential merchant banker in Malaysia. At least it is like Phileo Allied Bank when Anwar Ibrahim was Finance Minister, if not more influential. ECM Libra is in the process of <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_9833c4c9-cb73c03a-1681ea00-3db3956e">merger with Avenue Capital Resources Bhd. </a><br /><br />The risk of investment in ECM Libra is they involve in political controversial like with Matthias Chang and a lot others. This is a great political risk you must excess before you put your money in.<br /><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a><br /><br /><br /><br /><p><strong></strong></p><p><strong></p></strong><br /><br /><br /><br /><br /><br /><br /></strong></strong></strong><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115078040721614144?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com2tag:blogger.com,1999:blog-12927938.post-1150255202526813932006-06-14T10:43:00.000+08:002006-06-19T13:13:07.516+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/tv-allin3.jpg"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/tv-allin3.jpg" border="0" /></a><br /><br />On 13 June 2006, Malaysia free to air TV <a href="http://www.ntv7.com.my/index06.htm">NTV7</a> started to broadcast a South Korea Drama "All In" on 9.30pm every night, is a story base on casino and gaming industry.<br /><br /><a href="http://photos1.blogger.com/blogger/1795/1117/1600/all02.jpg"><img style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/all02.jpg" border="0" /></a><br /><br /><br /><br /><br /><br />Some claim that it is base on a true story in South Korea.<br /><br /><strong></strong><br /><strong></strong><br /><br /><strong></strong><br /><strong></strong><br /><strong></strong><br /><strong>From con man, gangster to casino senior executive and later tycoon</strong><br /><strong></strong><br />The story of Kim In-ha(Lee Byung Hun) , who follow his uncle Kim Chi-soo gambling and hustling to make a living and eventually ends up as a (partner-in-crime) with his uncle to con people via gambling. Kim In-ha grows up under such circumstances has picked up the skill of gambling. <a href="http://photos1.blogger.com/blogger/1795/1117/1600/p1002819400.jpg"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/p1002819400.jpg" border="0" /></a><br /><br />He has a bunch of friends and they are street kids who hang out in the poor area of Yong-doo Pu, committing petty crimes and getting into fights, an act like gangster.<br /><br />Kim In-ha end up in jail after a gang fight which he accidentally kill a man.<br /><br />Upon release from jail. His only skill at that point of time......... Fighting let him end up as security guards in a casino in Cheju Island of Korea. Where he meet his ex-girl friend Su-yon (<a href="http://beautybiotech.blogspot.com/2006/05/song-hae-gyo-dropped-as-etude.html">Song Hae Gyo(宋慧乔))</a>who become coupler in the casino.<br /><br /><a href="http://photos1.blogger.com/blogger/1795/1117/1600/p1002869974.jpg"><img style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/p1002869974.jpg" border="0" /></a>Kim In-ha's gambling instincts is also recognised by Director Suh, and is quickly promoted to the position of Pit Boss in the casino, a Senior Executive position and start a life in gaming and casino industry.<br /><br />"All in" is a term used in poker, usually in HK movies. They call it "Showhand"", i.e. to gamble all your capital and stake everything.<br /><br />The scenic Cheju Island was the main setting for the entire serial. Besides Cheju Island, part of the production was filmed in Las Vegas. It gave a fairly detailed, insightful and interesting outline of the casino and hotel business. The serial also threw some light on triad struggles, and the involvement of the triad world with the corporate world.<br /><br /><img style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/all01.jpg" border="0" /><br /><br />This is a famous South Korea drama that star by Song Hae-Gyo (宋慧乔). I never watch all movies star by Song. However, I feel she look the most prettiest in this drama on all the drama I have watched.<br /><br />If you never watch this drama before, it is a drama you unable to miss.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Media" rel="tag">Media</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115025520252681393?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1150088246686795472006-06-12T12:57:00.000+08:002006-06-13T13:11:18.630+08:00Last month 28 May 2006 was 5th anniversary of 528 incident, where <a href="http://www.Nanyang.com.my">Nanyang</a> was taken over by Huaren Holdings, an investment arm control by Malaysia Chinese Association(MCA).<br /><br />Oriental daily run a series articles revealing what happen during that time.<br /><br />Former employee of <a href="http://www.Sinchew.com.my">Sin Chew Daily</a> of Tan Sri Tiong, now advisor of Oriental Daily reveal that when he was still employed by Sin Chew Daily. Tan Sri Tiong has assigned him to negotiated with Hong Leong Tan Sri Kwek in 1990an to try to acquired Nanyang but fail.<br /><br />In 8 February 2001, after meeting with Tan Sri Kwek in Hong Leong HQ in KL. Managing Director(MD) of Nanyang Mr Wong was on the way back to Nanyang building. While in KESAS highway, the MD received a call informing him that a lady who claim herself representing Sin Chew's Tan Sri Tiong call Miss Sandra has come to Hong Leong HQ without any appointment requested to meet Tan Sri Kwek Leng Chan. Sources said Miss Sandra said "they" willing to negotiate any price tag offer by Hong Leong to dispose off Nanyang.<br /><br />After short meeting, Sandra was told the deal was negotiable and suggested her to contact and negotiate with Managing Director of Nanyang Mr Wong. The MD was instructed by Hong Leong to handle the negotiation. However, Sandra never show up after that.<br /><br />After that incident, rumors in the market said that Hong Leong was pressure to sell.<br /><br />On 14 May 2001, The Edge reported that Huaren Holding intended to acquired stake in Nanyang.<br /><br />On 24 May 2001, The Board of Director of Nanyang met at Hong Leong HQ. They pass resolution of shares sales and requested 9 blacklisted employee to resigned.<br /><br />At the night of 28 May 2001, employee from Sin Chew Daily come and take over the management and editorial office of Nanyang.<br /><br />Even on 6 August 2002, The Edge reported that Market talks have it that <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_14760">Mah King Hock who control 23.8% of Nanyang is a close associate of Tiong</a>.<br /><br />On 15 March 2006, <a href="http://www.orientaldaily.com.my/print.asp?alp=2778">Oriental Daily</a> reported that Madigreen become the second largest shareholders of Nanyang after Madigreen acquired stake from Mr Mah King Hock. Oriental Daily also speculated that Madigreen ultimately control by Sin Chew Tan Sri Tiong. Both Sin Chew Daily and Nanyang remain low profile on shareholders changes.<br /><br /><strong>Tan Sri Tiong history</strong><br /><strong></strong><br />Tan Sri Tiong has a history of closed down a Sarawak base newspaper after acquired by Tan Sri Tiong. Subsciber of such newspaper was replaced by subscription to West Malaysia Sin Chew Daily.<br /><br />This cause East Malaysia players such as See Hua Daily (published by Datuk Seri Lau Hui Kang's KTS group) started seeing competition from Sin Chew in 1997 and started Oriental Daily to compete with Sin Chew Daily in West Malaysia.<br /><br />As Nanyang is a public listed company and the fact that Tan Sri Tiong has history of close down a newspaper it acquired and replaced by Sin Chew Daily. It is unfair to minority shareholder of Nanyang as they never told whether Tan Sri Tiong would closed down Nanyang and replaced all Nanyang subscriber by Sin Chew. Nanyang should disclose it future plan to it shareholder.<br /><br /><strong>My guess : Guang Ming to merge with China Press?</strong><br /><strong></strong><br />As there is no disclosure from Nanyang management and the history of Tan Sri Tiong above. It would be foolish if you want to buy Nanyang shares and treated as investment in Nanyang. Anyhow <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_b6647b9e-cb73c03a-df4bfc00-c32db1e4">Nanyang result is not good at the moment.</a> The Crown Jewels in Nanyang is <a href="http://www.ChinaPress.com.my">China Press</a>. China Press, <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_b6647b9e-cb73c03a-df4bfc00-c32db1e4">China Press is now the second largest circulated Chinese newspaper</a>, selling an average of 223,890 copies daily, including night sales, compared to Nanyang Siang Pau's 140,493.<br /><br />While Tan Sri Tiong's <a href="http://www.guangming.com.my/">Guang Ming Daily </a>has a daily circulation of 137,960 copies. It is logical Tan Sri Tiong would want to close down Guang Ming Daily and replaced by China Press circulation, This can boost China Press circulation overnight, to compensate loss of Guang Ming Daily. He might close down Nanyang and replace by Sin Chew Daily. After this merger, Tan Sri Tiong would control both the upper and lower segment of Chinese newspaper market, he able to maintain both listed company Sin Chew and Nanyang(Might change to China Press)<br /><br /><strong>Nanyang's strength</strong><br /><strong></strong><br />Nanyang full name is Nanyang Siang Pau. Siang Pau mean Business Daily, Nanyang's strength is in it business report. I like to read Nanyang business section than Sin Chew Daily, it coverage on China market and it Monday's edition all more superior than Sin Chew Daily. Thus, journalist in Nanyang's business section are expected to be able to keep their job.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a><a href="http://technorati.com/tag/Media" rel="tag">Media</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-115008824668679547?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1149825914403374062006-06-09T11:06:00.000+08:002006-06-09T12:15:12.886+08:00When talking about South Korea, people outside South Korea used to talk about <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.htmlhttp://">Samsung</a>, <a href="http://competitivemalaysia.blogspot.com/2006/04/likely-hyundai-of-malaysia.htmlhttp://">Hyundai</a>, <a href="http://beautybiotech.blogspot.com/2006/02/south-korea-cosmetic-brand-and-plastic.html">LG </a>and even <a href="http://competitivemalaysia.blogspot.com/2005/11/maxis-sk-telecom-in-malaysia.html">SK Group </a>and Daewoo.<br /><br />However, another company call <a href="http://www.lotte.com/lotte/sitemap/lotte_index.jsp?check=N">Lotte</a> is gaining competitive. Start from chewing cum and diversified to other food and beverage industry initially and later leisure and theme park industry. Now Lotte group dominated retail industry in South Korea via <a href="http://dpt.lotteshopping.com/shopping/eng/index.html">Lotte Shopping </a>and <a href="http://www.walmartkorea.com/en/Index.htm">Lotte Mart</a>.<br /><br />First, French retail giant Carrefour feel they unable to dominate the South Korea market. Carrefour disposed off its 32 hypermarket in South Korea to <a href="http://www.eland.co.kr/">E. Land</a>, a fashion retailer in South Korea.<br /><br />Later, <a href="http://thestar.com.my/news/story.asp?file=/2006/5/22/apworld/20060522184735&sec=apworld">US retail giant WalMart also disposed off it 16 hypermaket </a>to <a href="http://www.shinsegaetown.co.kr/">Sinsegae</a> group's <a href="http://www.e-mart.co.kr/">E-MART</a>.<br /><br />In South Korea Coke market, multinational Coca-cola only have 20% of market shares. Lotte's <a href="http://www.lottechilsung.co.kr/">Lotte Chilsung </a>have a 40% dominated market shares.<br /><br />In fast food, McDonald also have difficulties competing with <a href="http://www.lotteria.com/Lotteria/index.jsp">Lotte's Lotteria</a>.<br /><br />While Samsung and Hyundai represented organic growth manufacturing giant and Daewoo represent M&amp;A manufacturing giant. SK and Lotte represent the new generation of giant in service industry.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114982591440337406?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1149658570803936062006-06-07T13:35:00.000+08:002006-06-07T14:05:29.873+08:00Telenor has opened a research and innovation centre <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/5/24/business/14328656&sec=business">(R&amp;I) in Cyberjaya on 24 May 2006 </a>despite it subsidiary in Malaysia <a href="http://www.jeffooi.com/2006/04/goldman_sachs_in_bed_with_digi.php">DiGi unable to get 3G spectrum License in Malaysia</a>.<br /><br />“The centre, Telenor's first research facility to be located outside Norway, is another step in the company's internationalisation process and global innovation activities,” senior executive vice-president/head of Asian operations, Arve Johansen, said in a statement.<br /><br />The centre is headed by managing director Dr Kristin Braa.<br /><br /><a href="http://www.telenor.com/">Telenor </a>was reputable of it high tech open concept headquarter in Norway. DiGi's has built a smaller copy of such high tech building as it corporate headquarters in Shah Alam - is in its final stage of completion. I really envy DiGi employee who has the opportunity to work in such high tech building.<br /><br />DiGi shares price hit <a href="http://competitivemalaysia.blogspot.com/2006/04/digi-shares-price-hit-rm930.html">RM9.30 on April 2006.</a> DiGi shares price hit highest at <a href="http://biz.thestar.com.my/marketwatch/charts/l.asp?code=6947~DIGI&p1=10.3&amp;amp;amp;amp;p2=10.4&p3=10.4&amp;p4=10.4&p5=10.4&amp;p6=0.1&p7=0.97&amp;p8=500&p9=28.444">RM11.70 on 8 May 2006.</a> It close RM10.40 yesterday.<br /><br />Earlier, on 19 May 2006, DiGi.Com Bhd expects net <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_4bc2883d-cb73c03a-dc024a00-7fe8ee24">profit to grow at least 20%</a> for the current financial year ending Dec 31.<br /><br />For the first quarter ended March 31, 2006, net profit tripled to RM184.66 million from RM57.96 million a year ago due to improved margins and lower depreciation costs. The net profit, if annualised, would be RM738 million, exceeding most analysts’ estimates of RM566.62 million for the current financial year ending Dec 31, 2006.<br /><br />Previously when I state in my blog post highlighting that DiGi shares price would hit RM9.30. A reader who unable to keep a job in research house<a href="http://www.blogger.com/comment.g?blogID=12927938&amp;postID=113557704221721274"> post a comment </a>in my blog claiming that smart investor never listen to analyst recommendations.<br /><br />History, however, has proved that my blog post is accurate and <a href="http://competitivemalaysia.blogspot.com/2006/04/digi-shares-price-hit-rm930.html">his comment has come back to bite him.</a><br /><br />Today, DiGi launch a <a href="http://thestar.com.my/youth2/story.asp?file=/2006/6/7/youth2/14403666&amp;sec=youth2">talent search competition that focuses on a younger age group-DiGi Celebriteen. </a><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114965857080393606?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1149490106182467942006-06-05T14:47:00.000+08:002006-06-05T14:53:44.503+08:00Minister in the Prime Minister Department <a href="http://www.sun2surf.com/article.cfm?id=12334">Datuk Seri Mohd Nazri Abdul Razak </a>has been appear high profile recently.<br /><br />Whether you like him because he did a good <a href="http://competitivemalaysia.blogspot.com/2005/12/nazri-noh-omar-and-cabinet-reshuffle.html">job as a Chairman of Human Right Caucus</a> or you dislike him because he instructed women Senator to vote for a Bill that put Islamic women in disadvantage, or you dislike him because you support ex-Backbencher Club President Shahrir Samad. Nazri is constantly on the news.<br /><br />Even the other two UMNO vice-President, Melaka Menteri Besar Datuk Seri Mohd Ali Rustam and Agriculture Minister Tan Sri Muyiddin Yasin do not have such publicity enjoyed by Nazri. He has seen constantly liaise with Prime Minister and Deputy Prime Minister and party whip on Parliament issue. The other two vice-President never seen liaise with UMNO number one and number two that closely like Nazri.<br /><br />Earlier, Nazri<a href="http://competitivemalaysia.blogspot.com/2006/02/my-analysis-on-cabinet-reshuffle-1.html"> responsibility expanded in a cabinet reshuffle</a>. Nazri has assigned to cover Datuk Seri Radzi Sheikh Ahmad's portfolio after the later transfer as Home Minister.<br /><br />While another UMNO vice-President Isa has been suspended. His position are expected to be fill by UMNO Youth Chief and Education Minister Datuk Seri Hishammuddin Tun Hussein in the next UMNO election by the public.<br /><br />Melaka Menteri Besar Datuk Seri Mohd Ali Rustam who get highest nomination during last UMNO election, are expected to be able to retain his position unless some unforeseen circumtances occur.<br /><br />Thus, a direct fight between Nazri and Agriculture Minister Tan Sri Muyiddin Yasin is unavoidable if Nazri intended to move up.<br /><br />Whether the high-profile and publicity enjoy by Nazri would get him more enemy or make him more popular is yet to be seen.<br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Social" rel="tag">Social</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114949010618246794?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1149169145728662332006-06-01T20:47:00.000+08:002006-06-05T13:32:52.486+08:00The Deputy Prime Minister Datuk Seri Najib Tun Razak said when winding up the debate on the Ninth Malaysia Plan at Dewan Negara yesterday that <a href="http://thestar.com.my/news/story.asp?file=/2006/5/31/nation/14399649&sec=nation">the private sector should stop the practice of making it compulsory for local graduates to be proficient in Mandarin</a>.<br /><br />The next day, Human Resources Minister Datuk Dr Fong Chan Onn said the <a href="http://www.thestar.com.my/news/story.asp?file=/2006/6/1/nation/14408355&amp;sec=nation">requirement for prospective employees to be fluent in Mandarin should be made optional.</a><br /><br />Clearly, when you are in certain categories. You would feel upset when a job advertisement excluding your categories to apply for certain job.<br /><br />I have a friend who is in middle age. He always feel discriminate and upset when he saw a job advertisement stating that application should not be over 35 years old. He also upset the Pak Lah government appointing young CEO to head Government Link Company (GLC). He said those young people lack the experience required for such a position.<br /><br />I even see A Kadir Jasin, a veteren journalist criticize Pak Lah government appointing young people to handle the Prime Mininster's press office.<br /><br />If you do not known Mandarin, you will feel discriminate and upset when you see a job advertisement stating ptoficient in Mandarin as a requirment to apply for certain position.<br /><br />However, I feel it is better for a job advertisement to state clearly what is the requirement for certain job, so that I do not waste my time in applying a position that I would not get employed.<br />This also enable me to know what I lack of or which area or skill I have to improve.<br /><br />What difficulties a large organization to ask an officer to handle <strong>"courtesy interview</strong>"?<br /><br />When I was employed by a Main Board listed company(Now PN17) as an Assistant Accountant. The company place an advertisement for "walk in interview". My department head who want to employed a person who know Mandarin but never stated in the advertisement.<br /><br />A lot of candidates take the trouble to come to our office for walk in interview and they spend hours to fill up the form and waiting for their turn of interview.<br /><br />I was ask by my Manager to conduct<strong> courtesy interview</strong> for those who do not qualified after perusal their forms. The candidate who spend hours travelling to our office, filling up their form, and waiting long hours for their turn of interview, will send to my room for <strong>courtesy interview</strong> which last for less than <strong>2 minutes. </strong>The candidates will ask to go back to wait for company call if successful, which usually not.<br /><br />Thus, would it be better for the candidate being told earlier the requirement and they need not apply if they unable to fullfill certain requirement. This safe the company time and safe the time of candidates.<br /><br />I encounter a lot of non-chinese who able to speak fluent Mandarin. They usually "bertudung". Look for Tini in Citi Bank or visit a stationery shop in Taman Desa, Off Old Klang Road if you want to see one.<br /><br />Related Link: <a href="http://thestar.com.my/news/story.asp?file=/2006/6/2/nation/14420262&amp;sec=nation">We need to be more marketable </a>By WONG CHUN WAI<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Social" rel="tag">Social</a><br /><p></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114916914572866233?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com2tag:blogger.com,1999:blog-12927938.post-1149135587287670442006-06-01T12:09:00.000+08:002006-06-01T12:22:09.400+08:00<a href="http://competitivemalaysia.blogspot.com/2006/04/likely-hyundai-of-malaysia.html">Mini Hyundai of Malaysia</a>, Muhibbah Engineering, was <a href="http://thestar.com.my/news/story.asp?file=/2006/5/30/nation/14385778&sec=nation">one of the four companies tendered </a>for the second bridge linking Penang island and the mainland. Two other companies were foreign – from China and South Korea. And another local is a subsidiary of Arab Malaysian Bank.<br /><br />However, Works Minister Datuk Seri S. Samy Vellu said <a href="http://thestar.com.my/news/story.asp?file=/2006/5/30/nation/14385778&amp;sec=nation">the Government preferred </a>a consortium made up of several companies because the project was huge.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114913558728767044?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1149048188914714922006-05-31T11:32:00.000+08:002006-06-08T17:43:08.643+08:00mThe Royal Malaysian Police (RMP), which had made known its objection to the setting up of the Independent Police Complaints and Misconduct Commission (IPCMC), has published <a href="http://www.jeffooi.com/2006/05/post_20.php#trackback">ten reasons why IPCMC is not needed</a>.<br /><br />Opposition party in Malaysia should make their stand on whether they support or oppose the setting up of IPCMC. I think oppositon whip would not follow Barisan whip in opposing a suggestion by their counter party.<br /><br />Blogger Jeff Ooi has list <a href="http://www.jeffooi.com/2006/05/ngos_this_is_why_we_need_ipcmc.php">the reason we need IPCMC on his blog</a>.<br /><br />In <a href="http://www.nst.com.my/Current_News/nst/Wednesday/National/20060531082508/Article/index_html">The NST</a>, the <a href="http://www.jeffooi.com/2006/05/may_31_2006_royal_commissions.php">PM was quoted as saying</a>:<br /><br />Abdullah stressed that he had reminded Attorney-General Tan Sri Gani Patail to consider all the proposals made. "As far as I am concerned, the IPCMC is important to me. I have handed the matter over to the A-G for his action," he said.<br /><span style="font-size:0;"></span><br />Malaysian Business's Editors-in-Chief, <a href="http://kadirjasin.blogspot.com/">A Kadir Jasin </a>has express his disappointment on some UMNO leader opposed the setting up of IPCMC in Parliament and on the press in his column "Other Thots".<br /><br />The threat has been removed from Police website: quoted <a href="http://www.jeffooi.com/2006/05/ipcmc_threats_removed_from_pol.php">screeshots.</a><br /><br />Clearly, even the Prime Minister feel it is difficult to manage such a large police force and UMNO leader feel difficult to offend the police.<br /><br />It might be time to reconsider my suggestion to <a href="http://competitivemalaysia.blogspot.com/2005/05/police-should-under-state-government.html">let police under state government</a> rather then under federal government.<br /><br />Related Link: <a href="http://thestar.com.my/news/story.asp?file=/2006/6/4/focus/14417402&amp;sec=focus">Misyar, Matrade and the IPCMC </a>by TUN HANIF OMAR<br /><a href="http://kadirjasin.blogspot.com/2006/06/ipcmc-polis-lwn-kerajaan-nota-kepala.html">IPCMC: Polis lwn Kerajaan </a>by A Kadir Jasin<br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Social" rel="tag">Social</a><br /><br /><br /></em><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114904818891471492?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com6tag:blogger.com,1999:blog-12927938.post-1148529208307843642006-05-25T11:52:00.000+08:002007-04-16T12:27:43.627+08:00Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik announced the Cabinet's decision yesterday that <a href="http://www.thestar.com.my/news/story.asp?file=/2006/5/25/nation/14343755&sec=nation&amp;focus=1">electricity tariff in the peninsula Malaysia will go up by 12%</a> from June 1.<br /><br />Oriental Daily has published a schedule comparing Malaysia electricity rate with other country. Malaysia appear to be among the lowest in Asia. Malaysia electricity tariff only higher than Indonesia and Taiwan.<br /><br />While it is reasonable for Malaysia electricity tariff to be higher than Indonesia as our cost of living is higher than Indonesia. It is surprising to know that Malaysia electricity tariff rate will be higher than Taiwan after the tariff hike.<br /><br />Taiwan can be consider a develop country in Asia like Singapore. A lot of Taiwan investor invest in Malaysia because of our cost of manufacturing lower than Taiwan before the China boom. Now, our cost of electricity has increased to more than Taiwan. Are we encourage Taiwan manufacturer here to move back to Taiwan if not shift to low cost China.<br /><br />TNB management should learn from their Taiwan counterpart on how to operate at such a low cost. <a href="http://competitivemalaysia.blogspot.com/2006/03/tenaga-kpi-too-focus-on-financial.html">TNB Key performance indicator (KPI)</a> should benchmark against their Taiwan counterpart.<br /><br />If such a high cost country in Taiwan able to keep their electricity rate low. There is no reason that Malaysia, a petroleum production country unable to do that.<br /><br />Recent IMD report show that Malaysia competitiveness is still behind Taiwan despite we have a lower cost of living. Malaysia competitiveness might be deteriorated if our electricity rate is higher than silicon valley of Asia and do not have company like <a href="http://competitivemalaysia.blogspot.com/2005/07/automobile-industries-in-new-economy.html">Acer</a>, <a href="http://competitivemalaysia.blogspot.com/2005/07/benqsiemens-vs-proton-mitsubishi.html">BenQ</a>, <a href="http://www.tsmc.com/english/default.htm">Taiwan Semiconductor Manufacturing Company(TSMC)</a> etc.<br /><br />Link to this page: <a href="http://www.globalvoicesonline.org/2006/05/25/malaysia-electricity-rates">Globle Voice Online</a><br /><br />Related post : <a href="http://competitivemalaysia.blogspot.com/2006/03/contradict-reveal-by-tenagas-chief-and.html">Contradict reveal by Tenaga's chief and Energy Minister </a><br /><a href="http://competitivemalaysia.blogspot.com/2005/12/why-tenaga-should-be-delisted.html">Why Tenaga should be delisted!</a><br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114852920830784364?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1148446910993816672006-05-24T11:29:00.000+08:002006-05-24T13:08:46.736+08:00I have commented on OYL Industries Bhd and Hong Leong could be <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">Samsung of Malaysia before.</a><br /><br />Last Thursday, Hong Leong and its Executive Chairman, Billionaire Tan Sri Quek Leng Chan is leading the disposal of global air-conditioning manufacturer, OYL Industries Bhd, to Japan's Daikin Industries Ltd in a cash deal worth a whopping RM7.61 billion.<br /><br />This followed <a href="http://competitivemalaysia.blogspot.com/2006/02/please-keep-oyl-within-malaysia.html">months of market talk </a>that OYL might sell off its air-conditioning business or merge it with another multinational corporation.<br /><br />HONG Leong Group Malaysia will receive a huge net cash inflow from the proceeds of RM3.04bil, having bought OYL very cheaply 16 years ago.<br /><br />While the group had to subscribe to a large rights issue when OYL bought the US-based McQuay group in 1994, most of that cost would have been recovered from the dividends paid by OYL over the years.<br /><br />The Edge's journalist Maryann Tan commented that : <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5ae76615-cb73c03a-dc024a00-2a55beb5">Perhaps no one applies the buy-low-sell-high principle better than Tan Sri Quek Leng Chan.</a> The Edge further speculated that reported that Quek will pour money into BIL International. A company in gaming and leisure industry.<br /><br />It's really disappointed that another entrepreneur I respect in Malaysia exist manufacturing business and pour money into <a href="http://competitivemalaysia.blogspot.com/2006/01/south-korea-singapore-hong-kong-and.html">leisure business</a>.<br /><br />While most reader of my blog might have gain some money in the takeover. It is really debatable whether Tan Sri Quek is an entrepreneur or an investor. While he is skillful investor in applying buy-low-sell-high strategy. Unlike Samsung's founder in South Korea, he never grow the company like Samsung.<br /><br />However, there are a lot of entrepreneur like Matsushita in Japan make huge loss when he fail to exist Mainframe computer market that dominance by IBM at that point of time. South Korea's Daewo even become bankrupt when he unable to foreseen that his company unable to compete in automobile industries.<br /><br />Thus, it really debatable whether Quek is an entrepreneur or an investor. The sad things is Malaysian loss a good company to Japanese. However, when the price reach billion. There are few Malaysian that able to swallow this huge company. After the disposal, all value chain in Eletrical and Electronic industriesin Malaysia has been dominated by multinational.<br /><br />Electrical Appliance----->Semiconductor------>Computer<br />Panasonic/Daikin-------->Intel(MPI?)-------->Dell(<a href="http://competitivemalaysia.blogspot.com/2005/07/automobile-industries-in-new-economy.html">Ftec?)</a><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><br /><br /><br /><strong>Background<br /></strong><br /><span style="font-size:78%;">OYL's operating margins have been on the decline on high raw material prices and stiff competition in the global market.<br /><br />Its most recent quarterly results show earnings margins were </span><a href="http://biz.thestar.com.my/news/story.asp?file=/2006/5/20/business/14302906&sec=business"><span style="font-size:78%;">down 3% despite a sharp 22% drop in prices of cold rolled steel coils, which accounted for 40% of its operating costs. Surging copper prices in recent months are likely to put more pressure on margins.</span></a><span style="font-size:78%;"><br /><br />The Star reported that </span><a href="http://biz.thestar.com.my/news/story.asp?file=/2006/5/19/business/14291341&amp;sec=business"><span style="font-size:78%;">there is intense global competition, in particular, from South Korean consumer electronics groups</span></a><span style="font-size:78%;">. It is believed that The Star refer to South Korea's LG Electronic, which is competitive in air-conditioner market rather than Samsung, which strength is in Handphone and Audio visual product. </span><br /><span style="font-size:78%;"></span><br /><span style="font-size:78%;">Speaking at a press conference to announce the acquisition, Daikin senior executive officer for global operations and board director Katsuhiko Takagi said the merged entity will have the second largest market share in the global air-conditioner business based on its combined sales of US$9 billion (RM32.44 billion) out of a total of US$60 billion, and he would be targeting for the company, in time, to be the world's largest. Currently, the world's largest is the US-based Carrier group.<br /><br />The Hong Leong group is reaping the reward for having created value in OYL through McQuay. The American company was bought at a time when it was incurring losses due to its junk bond debts, which were progressively paid off when it was under OYL.<br /><br />Critics noted that McQuay operated under thin profit margins on its huge sales in the United States and Europe. However, it was McQuay's technologies in air-conditioning that enabled the group to pursue a highly profitable expansion into China, other analysts said.<br /><br /></span><a href="http://biz.thestar.com.my/news/story.asp?file=/2006/5/19/business/14290355&sec=business"><span style="font-size:78%;">OYL's McQuay is the world's number four in large-scale commercial air-conditioning and AAF is world number three in air filtration products. OYL has a solid presence in China and the US, and Daikin has a leading position in Japan and Europe. Combined, we can significantly increase our global presence.</span></a><span style="font-size:78%;"> Said Daikin senior executive officer (global operations) Katsuhiko Takagi.<br /><br />AmResearch said </span><a href="http://biz.thestar.com.my/news/story.asp?file=/2006/5/22/business/14308507&amp;sec=business"><span style="font-size:78%;">OYL could derive benefits from being part of the Daikin family </span></a><span style="font-size:78%;">as it planned to expand air-conditioning operations into North America, India, Russia and Brazil. </span><br /><span style="font-size:78%;"></span><br /><span style="font-size:78%;">Daikin said it was </span><a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_4749857f-cb73c03a-dc024a00-c4cfcd9f"><span style="font-size:78%;">strong in products and technologies in the ductless air-conditioning segment, especially in high value-added air-conditioning, while OYL was strong in Applied business segment, and low-cost heating, ventilation, and air-conditioning products, with its low-cost mass-production technology.<br /></span></a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114844691099381667?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1146198980856151432006-04-28T11:04:00.000+08:002006-04-29T10:02:42.520+08:00Taiwan lawmaker(Independent Member of Parliament), writer, historian, ex-President candidate and TV host <a href="http://en.wikipedia.org/wiki/Li_Ao">Li Ao</a>, who recently ranked Singaporeans rather lower in natural intelligence to the people in Taiwan and Hong Kong has create a <a href="http://thestar.com.my/news/story.asp?file=/2006/4/23/focus/14029830&sec=focus">controversial in Singapore</a> recently.<br /><br />Taiwanese are scoundrels, but lovable, Hong Kong people are craftier, (Chinese mainlanders are unfathomable) and Singaporeans are stupider,?he said, adding that it is partially due to genetics. The original migrants who came here from China were of poor stock?<br /><br />"Predictably, Singaporeans have reacted angrily to the terms stupid and poor genes, dismissing them as a popularity stunt that takes no account of their successful, modern achievements. This genetic weakness doesn't aptly describe todays diverse, more mature and worldly-wise generation. " write <a href="http://thestar.com.my/news/story.asp?file=/2006/4/23/focus/14029830&amp;sec=focus">Seah Chiang Nee, a columnist at The Star </a>base in Singapore.<br /><br />However, Singapore, usually rank higher than Taiwan in world Competitive ranking; It is one of the lowest crime rate, lowest corruption rate in the world. Li Ao, a historian and a writer in Taiwan who used to oppose Chiang family (First & Second President) and ruling party Kuo Min Tang in Taiwan was view as a hero in Taiwan especially among ladies.<br /><br />Although he is just a writer, he do not lack of sex partner and he marriaged to an actress before. He reveal all his sex relation and romantic affairs in his autobiography. This really unethic as majority of his ex-girl friend has marriage with husband and children. This has create difficulties to his ex-girl friend and their family.<br /><br />He pround of his ability to attract ladies. Once he mentioned that a person who pass exam in ancient China to become a high ranking official or a Minister of emperor in China. His wife heard the news was happy initially. However jeoleous family member who husband unable to pass such exam told her that emperor would chop off his husband cock in order to become high ranking official and Minister. When the person back home, his wife look worried and not happy. The man confused and ask his wife why she is not happy when he able to become a Minister. The wife reply that she do not wish her husband become Minister but without cock. The husband said no such thing and show his cock to his wife. The wife become happy and laugh eventually when she saw her husband cock still remain intact. The man said that why my wife is not happy even I become a Minister. Sex satisfaction is more important than become Minister. It is not sure Li Ao get this story via history study (He is historian) or he try to use this story to show off to all the ruling party Minister to imply that he is more happy even he is not a high ranking official and a Minister.<br /><br />In recent trip to Singapore to clarifiedarrified his "Stupid" remark to Singaporean. He praise Lee Kuan Yew to lead Singaapore to achieved present status.<br /><br />Some commentator claim that if Li Ao live in Singapore. Judging from how Lee Kuan Yew treated his opposition. What is the fate of Li Ao is yet to be determine.<br /><br />Li Ao, after release from jail, still able to join politic and become independent legislator in Taiwan. He also try to become Taiwan President in one of the previous election. He also become a host in Phoenixt TV station in Taiwan. His program able to view at Astro in Malaysia.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114619898085615143?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1145940121412459572006-04-25T11:30:00.000+08:002006-04-26T10:07:36.846+08:00The debate of Scenic Bridge continue. However, the debate focus on government to government and national pride. However, few body analyze the benefit and threat of Scenic Bridge to the people.<br /><br /><strong>Gainer</strong><br /><strong></strong><br />1 Link Kedua Sdn Bhd - Operator of Second Crossing between Malaysia and Singapore. The second link still have extra capacity and under utilize. If the causeway has been demolished. traffic in second link will increase. Link Kedua might able to increase it toll rate to boost traffic. However, recent fuel hike received unwelcome response from people. This might be one of the reason government do not wish to proceed with Scenic Bridge.<br /><br />2 Gerbang Perdana Sdn Bhd - Whether the government would like to proceed to build the Scenic bridge or not Gerbang Perdana Sdn Bhd would gain from it. It the government proceed with the project. As a concession holder of the Scenic Bridge, Gerbang Perdana would be the main beneficiary. It get compensation if government do not wish to proceed with the project.<br /><br />3 Johor Port and Port of Tanjung Pelepas - Both port control by bumiputra tycoon Tan Sri Syed Moktar. If Malaysia able to demolish the causeway and replace by a bridge. This would enhance the competitiveness of both port against Singapore. Syed Moktar also control 20% of Gerbang Perdana via DRB-Hicom group.<br /><br /><strong>Loser</strong><br /><strong></strong><br />1 People from both country - People from both country will be subjected to higher toll rate once the causeway is being demolished.<br /><br />2 Transporter - transporter, who is major user of the causeway and second link. Would have to pay higher toll rate.<br /><br />3 Tax payer - Tax payer become loser especially government have to pay enormous compensation to Gerbang Perdana.<br /><br />4 Port Authority of Singapore - Malaysia port become more competitive and this will eaten Singapore's market shares in port management.<br /><br /><strong>Conclusion</strong><br /><strong></strong><br />1 Singapore's people and it port authority become the main loser if government proceed with Scenic Bridge. Thus, Singapore do not want the bridge and Malaysia need the bridge more than Singapore. But Malaysia government fail to used a win-win approach in negotiation with Singapore, therefore, the negotiation fail. Singapore lose nothing if negotiation fail.<br /><br />2 Users of the two crossing will subject to higher toll rate if government proceed to build the bridge. Thus, people should not upset over the cancellation. Only government would upset on it fail negotiation.<br /><br /><strong>Updated Link </strong>: <a href="http://www.globalvoicesonline.org/2006/04/25/scrapped-malaysia-singapore-bridge-loosers-and-gainers">Global Voice Online</a><br /> <a href="http://www.myapplemenu.com/singapore/">My Apple Menu: Singapore Surf<br /></a>TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114594012141245957?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1144807465169212432006-04-12T10:04:00.000+08:002006-04-26T09:57:41.520+08:00<a href="http://thestar.com.my/news/story.asp?file=/2006/4/6/nation/13885807&sec=nation">The Kuala Lumpur Composite Index (KLCI) rose to its highest level in nearly eight months with trading volume hitting a new record at over two billion shares, Asian markets</a>, which climbed to 16-year highs, were aided by continued gains in their currencies that were led by the Chinese yuan, which hit a <a href="http://thestar.com.my/news/story.asp?file=/2006/4/6/business/13884216&amp;sec=business">new post-revaluation high</a> <a href="http://thestar.com.my/news/story.asp?file=/2006/4/7/business/13896230&sec=business">Last week</a>.<br /><br />Then <a href="http://thestar.com.my/news/story.asp?file=/2006/4/11/business/13924421&amp;sec=business">property counter </a>become another <a href="http://thestar.com.my/news/story.asp?file=/2006/4/8/business/13909123&sec=business">theme play </a>by punter.<br /><br />The question is: what happen next?<br /><br />If you recall 1993 stock market <a href="http://thestar.com.my/news/story.asp?file=/2006/4/6/business/13884677&amp;sec=business">bull run </a>when the stock market is going up. The direct beneficiary is stockbroking firm and restaurant.<br /><br />When stock trading volume goes up. The main beneficiaries are stock broking industry as their brokerage income would increase. Other profession like engineer would resigned to become a remisier. The only landscape difference is now the commission rate can be negotiated to substantially lower than in 1993. In 1993, commission rate is fixed at 1% of the transaction value but now commission can be as low as 0.3%, A 70% drop.<br /><br />Punter might remember that in 1993, a stockbroking house market value can be as high as a commercial bank. At that point of time, we do not have universal broker. Now, a stockbroking company can become Investment Banker to collect deposit even brokerage margin has substantially lower. I do not understand why the outgoing <a href="http://competitivemalaysia.blogspot.com/2006/03/would-sbb-become-another-park-may.html">Southern Bank Berhad substantial shareholder </a>never negotiate to buy back it stock broking arm and Merchant Bank to form an Investment Bank. <a href="http://competitivemalaysia.blogspot.com/2005/11/deposit-insurance-system-and-southern.html">CIMB</a>, which itself a leading Merchant Bank and it stockbroking arm a leading institutional trader, do not required Southern Bank Bhd's stockbroking arm and merchant bank. This is a poor exits strategy advised by a foreign adviser.<br /><br />Another landscape different is now punter can directly buy a counter call <a href="http://www.klse.com.my">Bursa Malaysia </a>rather than punt on individual stock broking firm. If they unable to pick a counter. However, Bursa Malaysia shares price has rise substantially compare with stockbroking company.<br /><br />If you see punter and retailer earning substantial money from the stock market. They will take their lunch in expensive restaurant and eat something like shark fin on a daily basis. You would find you unable to get a place in such restaurant during lunch time. Thus, I feel <a href="http://www.ttrb.com.my/content.asp?root=0&id=100000&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;parent=100000&bdrcolor=%23990000&amp;loc=100000">TT Resources Bhd</a> is a good bet if stock market continues to rise.<br /><br />TT Resources Bhd own <a href="http://www.ttrb.com.my/content.asp?root=100013&id=100014&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;parent=100002&bdrcolor=%23990000&amp;loc=100014">Tai Thong Restaurant</a>, It also own <a href="http://www.ttrb.com.my/content.asp?root=100005&id=100042&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;parent=100005&bdrcolor=%23990000&amp;loc=100042">bridal houses</a>. Other business included : <a href="http://www.ttrb.com.my/content.asp?root=100023&id=100024&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;parent=100002&bdrcolor=%232D1E02&amp;loc=100024">Gloria Jeans Coffee</a> and <a href="http://www.ttrb.com.my/content.asp?root=100017&id=100018&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;parent=100002&bdrcolor=%23CFD79F&amp;loc=100018">San Francisco Stake house</a>.<br /><br /><strong>Update</strong>: <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/4/13/business/13943253&sec=business">Brokers to gain from big turnover</a><br /><a href="http://biz.thestar.com.my/news/story.asp?file=/2006/4/13/business/13945668&amp;sec=business">Brokers are holding large stash of cash</a><br /><br />Link: <a href="http://investment-advisor.online-investment.org/171/">Investment Advisor</a><br /><br /><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114480746516921243?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com4tag:blogger.com,1999:blog-12927938.post-1144642382888532142006-04-10T11:17:00.000+08:002006-04-10T12:17:21.140+08:00In Malaysia, poor quality of water provided by government has resulted water filtration become a big business. The market is dominated by franchise company like <a href="http://nesh.com.my/">NESH</a> and NEP's <a href="http://www.diamondenergywater.com/">Diamond Energy Water</a> and some other various direct selling company.<br /><br /><a href="http://www.pensonic.com/main.htm">Pensonic</a> is one of the listed Malaysian electrical home appliance company. Other Malaysian electrical home appliance company that listed on the stock exchange including, multinational <a href="https://phaam.panasonic.com.my/default.asp">Panasonic</a> (Formerly known as Matsushita), air-conditional specialist <a href="http://competitivemalaysia.blogspot.com/2006/02/please-keep-oyl-within-malaysia.html">OYL</a>, manufacturer <a href="http://www.khind.com/">Khind</a>, trader Pensonic which market product under the same brand and <a href="http://www.fiamma.com.my/">Fiamma Holding Bhd </a>that have numerous brand that including <a href="http://elba.com.my/elba_new/">Elba</a> and <a href="http://www.mec.com.my/">MEC</a> etc, and I Bhd . Of course, we have other numerous OEM manufacturer that list on the stock exchange. Such OEM manufacturer manufacture for numerous MNC brand but they do not have their own Malaysia brand.<br /><br />Other than multinational Panasonic, Malaysia most competitive electrical home appliance industry is air-conditional manufacturer <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">OYL</a> as Malaysia is the largest air-conditional exporter in the world. Another Malaysia company that able to compete worldwide is <a href="http://biz.thestar.com.my/news/story.asp?file=/2005/10/17/business/12328574&sec=business">Uchi Technologies Bhd</a>, the company manufacture electronic coffee makers.<br /><br />With the electrical home appliance slowly dominated by China's low cost manufacture goods. Malaysian company is difficult to become competitive in TV and audio market. Market rumors said that even air-conditional manufacturer OYL was up for sales. Thus, the only way to survive to compete with China low cost manufacturer is like how US and Europe company compete with Japanese a decade ago...... Venture into health care equipment like GE in US and Phillips in Europe.<br /><br />Pensonic recent venture into water filter and purified system signified a good move by Malaysia electrical home appliance manufacturer. Earlier, <a href="http://biz.thestar.com.my/news/story.asp?file=/2005/10/17/business/12328574&amp;sec=business">Uchi Technologies Bhd also has announced boosting of biotechnology business</a>.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114464238288853214?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1144399687285344562006-04-07T15:30:00.000+08:002006-04-07T17:08:26.726+08:00On 28 March 2006, Proton chairman chairman Datuk Mohd Azlan Hashim said that Proton Holdings Bhd's <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_40c95e1e-cb73c03a-1a1ff900-3aa36662">board was not given full details of the acquisition </a>of the debt-laden MV Agusta Motors SpA (MVAM) when the deal was executed in 2004. He said that the board was not aware that the MVAM minority shareholders had veto powers on 57.75% stake in MVAM was acquired for RM367.6 million (70 million euros) on Dec 1, 2004.<br /><br />How can a director of the company treated a deal amounting to RM367.6 million that likely that they do not aware of there is a veto power imposed by minority of MV Agusta. Apparently they are negligent in performing their duty as a director and should tender resignation as director of the company.<br /><br />Actually, such material event should be disclosed to all minority shareholder of Proton before the deal go through. Not disclosed only after the company has disposed off the shares at controversy 1 Euro. However, Proton has stated under clause 3.2 on <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_4439021b-cb73c03a-1f47ae80-de4ea175">Proton statement on the disposal of interest in MV Agusta Motors SpA </a>that :<br /><br /><em>In so far as the regulatory obligations of a public listed company are concerned, Proton has complied with all necessary requirements of Bursa Malaysia. However, addressing the matter publicly was not an option until now, as the agreement to dispose of the interest in MVAM was conditional and restricted the ability of Proton to fully address the uninformed speculation in the public domain. </em><br /><em></em><br /><em>In addition, it was also felt that responding to the allegations prematurely would have detracted from the main issue at hand, which was to resolve the MVAM issue and avert the potential liability. All this is part of acting in the best interest of the shareholders.</em><br /><em></em><br />Minority watchdog, can you accept such explanation?<br /><br />Even minority watchdog willing to accept such explanation. Can directors just claim that they are not aware there is a veto power on a deal that amounting to million and disclaim responsibility. It look like any person walking on the street is more brilliant and competent than Proton's director. What is the point of Company Commission of Malaysia or Suruhanjaya Syarikat Malaysia (SSM) required directors to attend course but director need not resigned from their position after a negligent has occur?<br /><br />Other that the veto power. The founder of MV Agusta also has an <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/3/29/business/13806337&sec=business">anti-dilution clauses</a> that protect the founder's interest. This was not disclosed to minority shareholder of at the time of acquiring MV Agusta. Only disclosed to the public on 28 March 2006 after disposed off the investment at controversy one Euro.<br /><br />No disclosure make to minority shareholder when Proton exposure to bankruptcy risk cause by unique legal framework of Italy, where debt of subsidiary MV Agusta can cause a holding company Proton bankrupt.<br /><br />Of course, Proton advisor Tun Dr Mahathir Mohamad is not convinced on the explanation.<br /><br />However, can we just<a href="http://thestar.com.my/news/story.asp?file=/2006/4/1/bizweek/13831202&amp;sec=bizweek"> close off the issue</a> like this?<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114439968728534456?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1144315558882270322006-04-06T17:24:00.000+08:002007-05-17T12:41:49.097+08:00The post has been removed under request from <a href="http://www.diabetesmilkpowder.com/Books.htm">Diabetes Milk Powder.com</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114431555888227032?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1144314656315743412006-04-06T16:48:00.000+08:002006-04-07T08:24:48.736+08:00On 26 December 2006, This blog has highlighted that <a href="http://www.macquarie.com.au/au/corporations/research/research_home.htm">Macquarie Research </a>analyst Premanand has a <a href="http://competitivemalaysia.blogspot.com/2005/12/digi-and-it-ceo-morten-lundal.html">price target for DiGi.com at RM9.20</a>.<br /><br />One reader who unable to keep a job in research houses stated that <a href="http://www.blogger.com/comment.g?blogID=12927938&postID=113557704221721274">smart investor should not follow analyst recommendations.</a><br /><br />Now, in less than 4 months, those who act on such report has make money. <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_6cdf2879-cb73c03a-bbfa5c00-bfeb30d4">DiGi hit RM9.30 at 9.45am today. </a><br /><br />While I don't think I am a smart investor. However, it is undeniable that I am an investor that make money. Ahem!<br /><br />Earlier, DiGi fail to secure 3G spectrum license from Malaysia government. However, technology columnist <a href="http://www.oonyeoh.squarespace.com/the-edge/2006/3/13/not-getting-3g-blessing-for-digi.html">Oon Yeoh</a> has commented that "<a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_fd0e781f-cb73c03a-9bc98400-d012b7e3">Not getting 3G blessing for DiGi</a>".<br /><br /><strong>Update</strong>: DiGi closed at RM9.45 today<br /><a href="http://biz.thestar.com.my/news/story.asp?file=/2006/4/7/business/13894358&amp;sec=business">DiGi at 6-year high on capital repayment plan<br /></a><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114431465631574341?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1144203439152272162006-04-05T10:10:00.000+08:002006-04-07T08:31:48.980+08:00I have commented on <a href="http://competitivemalaysia.blogspot.com/2005/05/malaysias-mitsubishi-in-making.html">Mitsubishi of Malaysia</a>, <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">Samsung of Malaysia</a>, <a href="http://competitivemalaysia.blogspot.com/2005/11/maxis-sk-telecom-in-malaysia.html">SK Telecom of Malaysia</a>, <a href="http://competitivemalaysia.blogspot.com/2005/07/automobile-industries-in-new-economy.html">Acer of Malaysia </a>, <a href="http://competitivemalaysia.blogspot.com/2005/06/wipro-of-malaysia.html">Wipro of Malaysia </a>, <a href="http://competitivemalaysia.blogspot.com/2005/06/tata-infotech-of-malaysia.html">Tata Infotech of Malaysia </a>, <a href="http://competitivemalaysia.blogspot.com/2005/05/real-battle-is-with-kimberley-clark.html">Kimberley-Clark of Malaysia</a>. Now it 's time to consider: which company is the likely <a href="http://www.hhi.co.kr/Korea/Default.asp">Hyundai </a>of Malaysia?<br /><br />Base on Hyundai industrial cycle. Hyundai have started from a transport company, a motor vehicle workshop and then Construction, then shipbuilding, then automobile summary as follow:<br /><br />Construction----->Shipbuilding------>Automobile<br /><br />South Korea company able to transform a construction engineering company into a shipbuilding company. From knowledge gain from shipbuilding, they able to build car! A Korea's national car!<br /><br />The only public listed company that fulfill the above industrial cycle is <a href="http://www.muhibbah.com/">Muhibbah engineering (M) Bhd.</a><br /><br />Source said that Muhibbah Engineering (M) Bhd was founded by previous founder and management of <a href="http://www.nfcb.com.my/">Nam Fatt Corporation Berhad</a>. Thus, was not new to engineering and construction industry. The company venture into crane industry via <a href="http://www.favellefavco.com/">Favelle Favco Berhad</a> The company is in the process of listing Favelle Favco Berhad to Bursa Malaysia at the moment.<br /><br />The company venture into shipbuilding industry via <a href="http://www.muhibbah.de/">Muhibbah Marine Engineering (Deutschland) GmbH</a>. Thus, Muhibbah industrial cycle is most similar to Hyundai:<br /><br />Construction-------> Shipbuilding------->?<br /><br />Hyundai has operate a car workshop at the initial stage to gain knowledge in automobile industry. This look like<a href="http://www.boonsiew.com.my/"> Boon Siew of Oriental </a>at the beginning. Boon Siew start to work in a transport company to gain engineering knowledge before he get Honda franchise in Malaysia. However, Boon Siew and Oriental never venture into construction indsutry after that.<br /><br />Muhibbah start from a construction company, then diversified to shipbuiding, despite not similar to Boon Siew of Oriental and Hyundai. Muhibbah has experience in crane industrial via Favelle Favco Berhad. They have an <a href="http://www.masi.com.my/">airline support industry </a>as well. Thus, Muhibbah Engineering definately has technical capability to venture into automobile industry in future, this make Muhibbah a mini Hyundai in Malaysia.<br /><br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114420343915227216?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1142846660752810902006-03-20T16:29:00.000+08:002006-03-20T17:29:43.906+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/p12TNB_chart.jpg"><img style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="http://photos1.blogger.com/blogger/1795/1117/400/p12TNB_chart.jpg" border="0" /></a><br />The Star bizweek<a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/3/18/bizweek/13688542&amp;sec=bizweek"> interview of Tenaga chief </a>Datuk Che Khalib Mohamad Noh reveal Tenaga's Key Performance Indicators (KPI)<br /><br />Majority of the KPI reveal by CEO are mainly in financial term : recovery of debt, reduction in general expenses, value creation from land bank, SESB turnaround, recovery from delinquent accounts, average collection period, return on asset, procurement process time.<br /><br />undeniable, he also reveal some technical KPIs like generation availability and productivity KPI like <strong>staff response time </strong>and <strong>number of kilowatt or megawatt produced per staff.</strong><br /><strong></strong><br />Datuk Che Khalid further reveal that for Senior Management. They have <strong>four quadrants</strong> of KPIs: Financials (45%), customers (25%), internal process (15%), and reduced total cost per unit (15%).<br /><br />Based on the <strong>four quadrants.</strong> Does it balance?<br /><br />With Financial cover 45%. It is hardly for me to said it is balance. Further, it is debatable whether reduced total cost per unit (15%) should be under Financial (45+15=65%) or Internal Process (15+15=30%)<br /><br />Che Khalid is correct by mentioning that "we need the customer more than the customer needs us. Everything else will fall into place. If you take really good care of the customer than they will be willing to pay more for your really good service."<br /><br />However, customers cover 25% is reasonable. However, Che Khalid never reveal what comprise customer KPI. It should included number of complaint received, number of compliment letter received or published on newspaper. Customer waiting time. Tenaga should follow EPF and Public Bank Bhd in reducing customer waiting time.<br /><br />I feel that Financial should reduced to 25% to 30%.<br /><br />One thing left out from the<a href="http://competitivemalaysia.blogspot.com/2005/09/rhb-bank-and-epf.html"> Balanced Scorecard system </a>is Innovation. There is no KPI in Innovation. Like new method to read meter, new method to collect bill etc.<br /><br />Too focus on financial KPI lead to management take an easy way out : tariff hike. More emphasis should be place on Customer, Internal Process and Innovation.<br /><br />Instead, Tenaga should do what Che Khalid mentioned Take good care of the customer by tariff reduction to induced Foreign Direct Investment (FDI). Then Tenaga revenue would improved if a lot of foreigner set up factory here. Of course, they should minimise black out and other customer issue. Thus, I feel Customer KPI is more important.<br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114284666075281090?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1142842744141587852006-03-20T15:36:00.000+08:002006-03-20T16:28:43.450+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/p14khalid.jpg"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/p14khalid.jpg" border="0" /></a><br /><a href="http://photos1.blogger.com/blogger/1795/1117/1600/0015.jpg"><img style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/0015.jpg" border="0" /></a><br />Last Saturday, On The Star's Bizweek <a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/3/18/bizweek/13700679&sec=bizweek">Cover feature on Tenaga National Bhd</a>. TNB chief Datuk Che Khalib Mohamad Noh stated that : “<strong>We have already reached a critical level for survival ... For the last three years, we have been surviving on borrowed money</strong>,” Toss in an annual capital expenditure requirement of close to RM5bil, hefty debts of about RM30bil, and rising coal prices, and the push for a tariff restructuring becomes more compelling.<br /><br />TNB Chief Datuk Che Khalid added in the <a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/3/18/bizweek/13688542&amp;sec=bizweek">interview by The Star </a>: "<strong>At the moment, we have reached a level where every month, we are borrowing money to keep the company afloat because the total revenue that we collect is not even enough to cover the capex and servicing of debts. That's our situation today</strong>. "<br /><br />On Sunday, <a href="http://www.sinchew.com.my/content.phtml?sec=1&artid=200603182438&amp;sdate=2006-03-19">Sin Chew Daily reported </a>that Energy ,Water ancommunicationon Minister Datuk Seri Lim Keng Yaik Independent Power Producer (IPP) have 40% excess capacity of which the idealing cost has to babsorbeded by Tenaga. As there is 40% excess capacity of idealing power, there will be no new IPP in the next 10 years.<br /><br />Thus, there is a contradict statement. If there is a 40% excess capacity, why is inecessaryry for further capital expenditure (CAPEX). Which TNB chief claim unable to cover by it revenue and stated as a reason for tariff hike. They should be no more CAPEX in the next 10 years as TNB has excess capacity.<br /><br />For my knowledge, I only know there is only two possibility of CAPEX. One is for capacitexpansionon and the other is for replacement of existinassetsts.<br /><br />If you have simple accounting knowledge. You would know that CAPEX on replacement of old machine should have been cover by it profit if TNB has depreciated iassetsts as required by accounting standards and the company make profit.<br /><br />Based on Energy, Water and Communication Minister statement. CAPEX on capacity expansion is not required as it 40% excess capacity.<br /><br />Even if TNB required expansion. Majority of the company used borrowing for capacity expansion. As a power analyst stated on <a href="http://biz.thestar.com.my/bizweek/story.asp?file=/2006/3/18/bizweek/13700679&amp;sec=bizweek">The Star's bizweek </a>that " “Utilities all over the world carry huge debts. For TNB, the option of refinancing its debts is available and this it has done and can continue to do, even if its debts are lumpy. TNB’s loans are sovereign guaranteed which significantly lowers its cost of borrowing. So that’s not so much of an issue to me.”<br /><br />Thus, they is no basis for TNB tariff hike. Clearly, the purpose of tariff hike is for increase in shares price and gain on stock option by Tmanagementagment.<br /><br />Either TNB chief or the Minister is wrong. Both of them own us an explanation. I do not oppose government recent fuel increase. However, I strongly opposed a tariff hike by TNB. My reader know that actually I hope <a href="http://competitivemalaysia.blogspot.com/2005/12/why-tenaga-should-be-delisted.html">TNB can be delisted </a>from Bursa Malaysia.<br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <a href="http://technorati.com/tag/klse" rel="tag">klse</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114284274414158785?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1142481240815606752006-03-16T11:01:00.000+08:002006-03-19T11:14:45.593+08:00The star headline today reported that <a href="http://www.thestar.com.my/news/story.asp?file=/2006/3/16/nation/13681018&sec=nation&amp;focus=1">the Southern Bank Bhd (SBB) board of directors accepted yesterday the RM6.7bil offer by Bumiputra-Commerce Holdings Bhd (BCHB).</a><br /><br />The Star Business Section also carried <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/3/16/business/13682478&sec=business">similar head lines </a>.<br /><br />After the acceptance. Southern Bank Berhad will be eliminated like Ban Hin Lee Bank, whereas Bumiputra-Commerce Bank will have more branch.<br /><br />The Star commented that <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/3/16/business/13678657&amp;sec=business">Merger will fit into BCHB scheme of things</a>. It further reported that <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/3/16/business/13681426&sec=business">Three SBB members invited to boards of BCHB firms</a> .<br /><br />Obviously, for business community, loan from Bumiputra-Commerce Bank is much more easy than to get a loan from Southern Bank Berhad. However, in a time where Bank Negara Malaysia implement <a href="http://competitivemalaysia.blogspot.com/2005/11/deposit-insurance-system-and-southern.html">Deposit Insurance System </a>and would not rescue any bank that collapse. A depositor in Southern Bank Berhad feel more secure to deposit money in SBB than in Bumiputra-Commerce, as Bank Bumiputra have a few record of unable to survive in recession.<br /><br /><a href="http://biz.thestar.com.my/news/story.asp?file=/2006/3/16/business/13680480&amp;sec=business">CIMB have to borrow RM4 billion to acquired Southern Bank Berhad</a>! Does this make the merged entity more stable financially?<br /><br />A good managed public transport company Park May has been taken over by UEM Group 10 years ago to "restructure" the public transport system in Klang Valley. UEM group has to borrow to finance the acquisition and whereas Park May borrowed money to replace all old buses with new buses. Price hike immediately announced after the takeover. Bus fare has increase few time after that but Park May still in huge loss. Bus service become less frequent as the company try to cut cost by reducing the trip, but this also unable to save the company.<br /><br />Eventually, government has to come in to to bail out Park May from UEM group and Intra-Kota from DRB-Hicom Group.<br /><br />Now, Bumiputra-Commerce Bank choose to acquire and eliminated a good managed bank rather than a bank with more Non-performing loan(NPL) like Affin Bank. This is like a Park May take over that eliminate good managment from a good running company.<br /><br />As a banker, CIMB group should know that using gearing to acquire another company is a risky move. Malaysian really pray that the merged BCB-SBB would not become another Park May. As government now do not have financial strength to bail out a fail company. A merged large group also difficult for government to swallow financially. Government should try every effort to prevent such thing happen as the bank might be acquired by foreigner after the liberalisation in banking industry if such incident occur.<br /><br />Ex-shareholder of Park May. After spending many year of building up the company have force to dispose off and leave the company. They are happy now as they keep a huge money now paid by the acquirer. However, public and the consumer has to suffer as there do not have the service of such a experience and good managed operators.<br /><br />Of course, like Park May, this unlikely to happen in next 6 years. However, according to history of Bank Bumiputra, to survive another 12 year is a real test.<br /><br />Hope the management of Bumiputra-Commerce Bank would not make the SBB shareholder laughed after 12 years!!!<br /><br /><br /><br /><br /><br /><strong>Updated:</strong> <a href="http://dinzlink.net/?p=314">dinzlink.net</a>:<a href="http://dinzlink.net/?p=314"><strong>BCB+SBB=CIMB? </strong></a><br /><a href="http://smallandmedium.blogspot.com/2006/03/southern-bank-another-one-bites-dust.html">smallandmedium.blogspot.com </a>: <a href="http://smallandmedium.blogspot.com/2006/03/southern-bank-another-one-bites-dust.html">southern bank another one bites dust</a><br /><br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114248124081560675?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1142388904119021652006-03-15T09:59:00.000+08:002006-05-29T18:15:57.906+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/b_p2PriceCharts1403.3.jpg"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/b_p2PriceCharts1403.3.jpg" border="0" /></a><br />Within one week of my <a href="http://competitivemalaysia.blogspot.com/2006/03/beginning-of-next-uem-bull-run.html">blog post </a>on UEM bull run. <a href="http://thestar.com.my/news/story.asp?file=/2006/3/14/business/20060314101742&sec=business">Share prices of companies under the UEM group attracted strong buying interest on Monday</a>. Nanyang Daily also reported that there is a rumours in the market said that the government <a href="http://www.nanyang.com/index.php?ch=7&amp;amp;amp;amp;amp;amp;amp;amp;pg=12&amp;ac=586355">might take UEM World private</a>.<br /><br />However, the question is whether the shares price bull run is sustainable? Sustainability of shares price, of course will depend on whether the rumour on Ninth Malaysian Plan is truth.<br /><br />One of my friend told me that during 1993 stock market bull run. He punt share counter of Renong and UEM. He start with very low capital....less than RM1,000. He play rotationally just two counter for the whole 1993. For a tiny RM1,000, he able to accumulated more than RM1 million. However, the RM1,000,000 he make during 1993 stock market bull run slowly depleted between 1994 to 1997 and has been completely wipe out after Asian financial crisis around 1998.<br /><br />If he stop punting in the stock market after 1993. He must able to keep his wealth.<br /><br />If market rumuor on Ninth Malaysian plan is truth, and you find it difficult to invest in stock market as you do not know which counter to buy, or you have difficulties in prediction of next concept play. You can just focus on two counter and play it rotationally. Would history repeated itself is any body guess?<br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114238890411902165?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com1tag:blogger.com,1999:blog-12927938.post-1141716056185797602006-03-07T15:20:00.000+08:002006-03-15T10:49:45.726+08:00Current issue of The Edge reported that <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_d2d51a2f-cb73c03a-1f47ae80-64b0763c">The government is planning to develop the Southern Corridor of the peninsula under the soon-to-be unveiled Ninth Malaysia Plan (9MP)</a> .<br /><br /><em>The first prong of the plan, with the largest federal government allocation of RM6 billion, will develop vast areas between the two existing links to Singapore. Included in these plans are the developments of the Bandar Nusajaya township and the waterfront city of Danga Bay, a development owned by Ekovest.</em><br /><br />Shares price of <a href="http://competitivemalaysia.blogspot.com/2005/10/plc-that-advertise-on-adsense-1.html">Ekovest Bhd </a>has improved marginally on Monday.<br /><br /><em>The south Johor development will be complemented by the "bullet train" project from Kuala Lumpur to Johor. This proposal was initially believed to have been mooted by the YTL Group. However, it is understood that Khazanah may lead this project. </em><br /><br /><em>Another facet of the 9MP will be the construction of the long-awaited second Penang Bridge. While the second bridge will fall under the 9MP, it will eventually become part of plans to develop the Northern Corridor</em><br /><br /><em>Sources say other than the direct beneficiaries such as Ekovest, the other possible winners in the 9MP would be those government-linked companies such as the UEM Group. UEM, almost 100% owned by Khazanah, will most likely lead the development of the bullet train and parts of the SJDA project. </em><br /><br /><em>Of course, the Bandar Nusajaya township is already owned by UEM subsidiary Bandar Nusajaya Sdn Bhd (formerly known as Prolink Development Sdn Bhd). Bandar Nusajaya is the ambitious township development in Gelang Patah, near Johor Baru, adjacent to the second link between Singapore and Malaysia launched in the heyday of the 1990s. </em><br /><br /><em>A key player in the Southern Corridor could also be Tan Sri Syed Mokhtar Al-Bukhary who controls the Port of Tanjung Pelepas, Johor Port and also Senai Airport. </em><br /><br /><em>Another UEM subsidiary, UEM Builders Bhd (formerly known as Intria Bhd), already owns the existing Penang Bridge. UEM Builders also has some experience in the construction of railways — admittedly a somewhat less salubrious experience.</em><br /><br />The Edge further reported that <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_d2d04e09-cb73c03a-1f47ae80-a8a91fd7">Syarikat Prasarana Negara Bhd (SPNB) will extend the Putra and Star LRT (light rail transits) lines as well as construct a new line. </a><br /><br />Shares price of UEM Builders Bhd has improve marginally on Monday. However, shares price of it holding company UEM World Bhd remain stagnant. UEM world Bhd, which also control <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_d2ab225a-cb73c03a-1f47ae80-1c867726http://">CEMENT Industries of Malaysia Bhd </a>(CIMA). <a href="http://biz.thestar.com.my/news/story.asp?file=/2006/3/7/business/13589832&sec=business">CIMA shares price has rise to 3 year high </a>.<br /><br />Thus, it just a matter of time for UEM World Bhd shares price to rise.<br /><br />Punter would remember how Renong (Now UEM World) and UEM ( Now UEM Builder) shares price increase from a few sen to more than Ten Ringgit in 1993 stock market bull run. While Malaysia stock market was one year behind the regional stock market. It is just the beginning of another bull run for UEM group of company. <strong>A once in 13 years opportunity you unable to miss</strong>.<br /><br /><strong>Update</strong>:<a href="http://thestar.com.my/news/story.asp?file=/2006/3/9/business/13588507&amp;sec=business" target="_blank">Ninth Malaysia Plan to revive construction</a><br /><a href="http://thestar.com.my/news/story.asp?file=/2006/3/9/business/13607477&sec=business" target="_blank">Analysts’ pick of gainers</a><br /><a href="http://thestar.com.my/news/story.asp?file=/2006/3/11/bizweek/13620320&amp;sec=bizweek">Interest ahead of 9MP-Ekovest</a><br /><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114171605618579760?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1141198737909373052006-03-01T14:38:00.000+08:002006-03-02T15:21:07.193+08:00oOn 22 February 2006, Nanyang Siang Pao reported that about <a href="http://www.thestar.com.my/news/story.asp?file=/2006/2/22/nation/13461680&sec=nation">100 timber factories are affected by the freeze on logging activities and the movement of logs in Pahang</a>.<br /><br />Today, 1 March 2006, Nanyang Siang Pao further reported that all timber sawn factory in west Pahang will run out of raw material and have to cease operation next week. More than 10 thousand people has been affected by the freeze including timber logging company, timber sawn miller factory, transporter, foreign factory worker etc. More than 10 thousand people became jobless because of the freeze.<br /><br />Timber logging company from other state capitalize on the situation by charging higher price on timber log. However, this is on a willing buyer and willing seller basis.<br /><br />A few sawn timber factory in the Pahang state have to cease operation today while the other are expected to cease operation next week.<br /><br />Which listed company on Bursa Malaysia affected by the freeze? <a href="http://www.pahang.gov.my/pknp/">Pahang State Development Corporation</a> only hold two public listed company: <a href="http://www.pasdec.com.my/">Pasdec Holding Berhad </a>and <a href="http://www.fehb.com.my/">Far East Holding Berhad</a>, property development company and plantation company. No sawn timber company. No wonder the state government not hesitate on the freeze.<br /><br />Timber log company from other state will be a gainer as there able to charge supernormal price. You might able to make some money if you able to guess one.<br /><br />Link: <a href="http://www.thestar.com.my/news/story.asp?file=/2006/3/2/nation/13540478&sec=nation">The Star</a><br /><br />Update: <a href="http://www.thestar.com.my/news/story.asp?file=/2006/3/2/nation/13544368&amp;sec=nation">Pahang lifts logging freeze<br /></a><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114119873790937305?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1141117895326899452006-02-28T17:11:00.000+08:002006-03-02T14:57:20.786+08:00In less than one month after I commented about<a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html"> Hong Leong Group and OYL</a>. Recent issue of The Edge reported that Hong Leong Group and Tan Sri Quek Leng Chan is in negotiation to disposed off OYL Industrial Bhd. The Edge stated that ......market believes it is Matsushita that is buying.<br /><br />If OYL fall in the hand of foreigner like Matsushita. It would be a great loss to Malaysia industry. It does not appear that Hong Leong Group nor Tan Sri Quek Leng Chan required the money. No apparent politic pressure to dispose off the company like what happen to Hong Leong few years ago where it force to dispose off it print media arm Nanyang to Huaren Holdings. I really hope that Hong Leong would keep the company for national interest.<br /><br />In the event that Hong Leong want to dispose off the company. I really hope it dispose it to a Malaysia's company than to a foreigner like Matsushita. It is a social responsibility for Malaysian entrepreneur to keep the company within Malaysia.<br /><br />In the latest announcement by OYL in replied of query from Bursa Malaysia. OYL stated that:<br /><br />O.Y.L. Industries Bhd ("OYL") informs that, from time to time, it has received approaches from various parties to explore business propositions. Currently, OYL is in discussion with a party (<strong>not Matsushita</strong>) who has expressed interest to purchase OYL but it has not led to an offer being made so far. The discussion may or may not lead to a definitive agreement. If a definitive agreement is reached, an appropriate announcement will be made.This announcement is dated 28 February 2006.<br /><br />Oh, I hope the offer is not cause by my <strong><a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">blog post</a>!</strong><br /><br />Link : <a href="http://www.nanyang.com/index.php?ch=7&pg=12&amp;ac=581748">Nanyang<br /></a><br />TechnoratiTag:<a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114111789532689945?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1140403277339134242006-02-20T10:32:00.000+08:002006-02-20T15:58:11.483+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/b_pg04sam.jpg"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/b_pg04sam.jpg" border="0" /></a><br />Main board listed direct selling company CNI was not expected to achieve its forecast revenue of RM317mil for financial year 2005. Reported <a href="http://thestar.com.my/news/story.asp?file=/2006/2/18/business/13431969&amp;sec=business">The Star on 18 February 2006</a>.<br /><br />According to Executive Director Sam Cheon(pic), external factors such as rising oil prices and weaker buying sentiment dampen the company’s profits.<br /><br />“Last year was very challenging for the industry and CNI,” Cheong said<br /><br />This proved my analysis published on another blog <a href="http://beautybiotech.blogspot.com/2006/02/direct-selling-company-that-listed-on.html">BeautyBiotech.blogspot.com </a>is correct.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114040327733913424?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1140315805799476552006-02-19T09:40:00.000+08:002006-02-21T09:54:20.393+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/9000691.0.png"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/400/9000691.jpg" border="0" /></a><br />Shares price of <a href="http://www.ipowerbiz.com.my/">I-Power Bhd</a>, which feature by <a href="http://competitivemalaysia.blogspot.com/2006/01/healthy-cash-flow-company-listed-on.html">this blog on 15 January </a>2006 and by <a href="http://biz.thestar.com.my/marketwatch/news.asp?qs=0069&newsearch=true">The Star on 16 February 2006</a> has<a href="http://biz.thestar.com.my/marketwatch/charts/l.asp?code=0069~IPOWER&amp;amp;amp;amp;amp;p1=0.57&p2=0.57&amp;p3=0.735&p4=0.55&amp;p5=0.71&p6=0.14&amp;p7=24.56&p8=64118&amp;p9=0"> surge </a>to <a href="http://thestar.com.my/news/story.asp?file=/2006/2/18/business/13435698&sec=business">record high.<br /></a><br />Another company that feature by this blog on 15 January 2005 is Online One Bhd. It shares price has rise to record high much earlier on<a href="http://biz.thestar.com.my/marketwatch/charts/l.asp?code=0074~ONLINE&amp;amp;amp;amp;amp;amp;amp;p1=1.06&p2=1.05&amp;p3=1.08&p4=1.02&amp;p5=1.05&p6=-0.01&amp;p7=-0.94&p8=14420&amp;p9=0"> 6 February 2006</a>. However, if you never sold on 6 February 2006. Too bad. It share price has drop back to it normal level.<br /><br />Similarly, shares price of Kannaltec also rise to <a href="http://biz.thestar.com.my/marketwatch/charts/l.asp?code=0077~KANNAL&amp;p1=0.195&p2=0.195&amp;p3=0.195&p4=0.185&amp;p5=0.19&p6=-0.005&amp;p7=-2.56&p8=5770&amp;p9=0">record high on 15 February </a>2006. It has decrease from it record high but you still able to make a profit if you disposed off now. However, one of the mainstream chinese newspaper in Malaysia recently reported that Kannaltec has high cash in hand per shares compare to it shares price. I unable to retrieve that particular article now but will update you soon.<br /><br />Update: <a href="http://www.nanyang.com/index.php?ch=7&pg=12&amp;ac=577687">Strong performance & cash flow, Kammaltec shares price under value</a><br /><br />Excerpt translation: Kannaltec's have 0.12 cash in hand per shares. which is higher than it current share prices. It has total cash in hand of more than RM14 million<br /><br /><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-114031580579947655?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1139999039443905572006-02-15T18:23:00.000+08:002006-02-15T18:34:11.546+08:00<strong>1. Gerakan loss Deputy Internal Security Minister to MCA</strong><br /><br />Gerakan loss Deputy Internal Security Minister to MCA. Gerakan's Internal security Minister Chia Kwang Chye has been transfer as Deputy Information Minister. Whereas MCA's Deputy Higher Education Minister Datuk Fu Ah Kiow is now Deputy Internal Security Minister.<br /><br />This cause MCA effective change Information Ministry portfolio with Gerakan's Internal Security Ministry portfolio. A gain to MCA and a loss to Gerakan as Internal Security Ministry, which control police and media, which is much more powerful than Information Ministry, which only control media.<br /><br />Additionally, MCA also has one more portfolio. Deputy Information Minister Donald Lim has been transfer as Deputy Tourism Minister. Whereas, total portfolio control my Gerakan remain unchanged.<br /><br />UMNO Deputy Internal Security Minister Datuk Noh Omar has been made Deputy Education Minister. Datuk Noh Omar was said to be the person follow Pak Lah instruction to against corruption. However, he recent poor skill in <a href="http://competitivemalaysia.blogspot.com/2005/12/nazri-noh-omar-and-cabinet-reshuffle.html">handling relation with China </a>by asking foreigner to go home if they find the Malaysia Police cruel and blame media misquote him has cause him transfer to Education Ministry. May be corruption fighting has to be start from child via education!<br /><br /><strong>2) Nazri responsibility increase. A promotion?</strong><br /><strong></strong><br />Minister in the Prime Minister Department Datuk Seri Mohd Nazri Abdul Razak responsibility has been expand to cover Datuk Seri Radzi Sheikh Ahmad portfolio after the later transfer as Home Minister.<br /><br />Nazri did <a href="http://competitivemalaysia.blogspot.com/2005/12/nazri-noh-omar-and-cabinet-reshuffle.html">a good job as a Chairman of The Human Right Caucus</a>.<br /><br />Home Minister Datuk Seri Azmi Khalid, who said poorly handle the repatriations of Indonesian illegal worker which cause a mini recession has been transfer as Natural Resources and environment Minister. Azmi gear up with the new portfolio as he claim he is an environmentalists. In fact he should be happy as he able to remain as Minister. Two Minister that fail to elected as central committee of UMNO. Higher Education Minister Datuk Seri Shafie Mohd has been dropped whereas Tourism Minister Datuk Seri Abdul Kadir Sheikh Fadzir resigned.<br /><br />The dropped of Shafie as Higher Education Minister might be cause by the drop of University Malaya in <a href="http://competitivemalaysia.blogspot.com/2005/11/university-sains-malaysia-should.html">Times Higher Education Supplement (THES) World University Rankings</a>.<br /><br />New Home Minister is UMNO Secretary General.<br /><br /><strong>3 Rafidah remain as International Trade and Industry Minister</strong><br /><strong></strong><br />That might be the reason why the Prime Minister never reshuffle the cabinet after the <a href="http://competitivemalaysia.blogspot.com/2005/12/wto-resume-in-geneva-in-january.html">WTO meeting in Hong Kong</a>. It is difficult for a new Minister to catch up as the next WTO meeting will be held at March. This also indicated that Prime Minister still do not have succession plan for this portfolio.<br /><br /><strong>4 Effenddi reappointed as Minister after selling NTV7 to UMNO's TV3</strong><br /><strong></strong><br />Businessman and ex-Agricultural Minister <a href="http://competitivemalaysia.blogspot.com/2005/10/diminish-of-east-malaysia-bumiputra.html">Datuk Seri Dr Effenddi Norwawi </a>reappointed as Minister in the Prime Minister Department after he dispose off NTV7 to Media Prima, which control TV3 and a company control by UMNO.<br /><br />Effenddi was helping the Prime Minister in Ninth Malaysia plan recently and he was replacing Datuk Mustapha Mohamed, who has transfer to Higher Education Ministry. Mustapha, a Minister <a href="http://competitivemalaysia.blogspot.com/2006/02/fate-of-businessman-turn-politician.html">train by ex-Finance Minister Tun Daim </a>was having a taught job ahead to make university in Malaysia more competitive and climb in international ranking.<br /><br />In my opinion,Effenddi actually qualified to become Finance Minister but he is not from UMNO and his last business venture in NTV7 unable to make profit.<br /><br /><strong>5 Berjaya group well connected with Tengku Adnan</strong><br /><strong></strong><br />New Tourism Minister and ex-Minister in Prime Minister Department was closely associate with Berjaya Group and Tan Seri Vincent Tan. However, Anti Corruption Agency (ACA) has made a clearance for all new Minister to Prime Minister before he made anouncement of cabinet reshuffle.<br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/News" rel="tag">News and politics</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/Politik" rel="tag">Politik</a> <a href="http://technorati.com/tag/cabinet" rel="tag">cabinet reshuffle</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a> <p></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-113999903944390557?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1139564691261996192006-02-10T16:29:00.000+08:002006-02-15T15:46:47.370+08:00<a href="http://photos1.blogger.com/blogger/1795/1117/1600/daim.jpg"><img style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://photos1.blogger.com/blogger/1795/1117/320/daim.jpg" border="0" /></a><br />The recent case of <a href="http://competitivemalaysia.blogspot.com/2006/01/battle-between-thailand-prime-minister.html">controversial Thailand Prime Minister </a>indicated that it is better for businessman to remain focus on it core competencies....business rather than enter into politic.<br /><br />The first example of businessman turn politician in Malaysia is Tan Koon Swan. He founded Supreme Coporation and Multi-Purpose Group. He was elected as the President of Malaysia Chinese Association (MCA), second largest political party in Malaysia. However, he was involved in the Pan-El crisis in Singapore which cause the closure of Malaysia and Singapore stock exchange for consecutive 3 days, a first time in history in Singapore & Malaysia. He then sentence to jail in Singapore and later in Malaysia for criminal breach of trust. His family now control a small property company listed on Bursa Malaysia, Crimson.<br /><br />The second is Joseph Chong of Westmout Industries Bhd which control Sabah Shipyard Bhd at one point of time. He was Secretary General of Gerakan and a Member of Parliament of Batu division. He has benchmark himself against Tan Koon Swan at one point of time. Who has amass wealth in business and get high ranking in politic. What an inauspicious benchmarking. He later persuade by rival of Gerakan President to challenge his mentor, President of Gerakan Tan Sri Lim Keng Yeik. He has to dispose off Westmout Industries Bhd after he loss in a contest as Gerakan President. However, he able to cash out before Asia financial crisis. Thus, I believe he still maintain some wealth.<br /><br /><strong>Update</strong><em>:</em> <em>The third is Soh Chee Wen. Soh Chee Wen started as a distributor of a direct selling company or multilevel marketing company, and later founded his own direct selling company. He nearly went bankrupt when recession hit Malaysia. He later take over Lake View in Subang Jaya and successfully make a come back in corporate sector. He then take over numerous golf club and make a name in leisure industry. After 1993 stock market bull run in Malaysia. Soh Chee Wen have control numerous public listed companies. He then become MCA Petaling Jaya Division Head and MCA Selangor State Liaison Commitee Chairman. He held son of ex-MCA President Datuk Seri Ling Leong Sik to gain control of several public listed companies. S</em><em>hare price of public listed company co</em><em>ntrol by Soh Chee Wen and son of Ling has depleted substantially. His relationship with Ling turn sour. Now, Soh still have court case with Security Commision and Ling. Ling's son , however, has become Deputy President f MCA 's Youth Division.</em><br /><p>Bumiputra entrepreneur, Tun Daim Zainuddin exist corporate sector to serve government as Finance Minister of Malaysia. He transfer an officer who "disappear" during office hour to "minum teh" out of Finance Ministry after being told he unable to remove a civil servant. His Ministry quickly become as efficient as private sector after that incident. However, his private sector style was unpopular among civil servant and UMNO member. He was recently involve in a <a href="http://thestar.com.my/news/story.asp?file=/2006/1/27/nation/13236632&amp;sec=nation">controversial court case.</a><br /><br />The fate of the above four persons must be difference if they remain in business and distance themselves from politic.<br /><br />In Korea, Hyundai founder also joint politic at the age of 70. His sons, however, was charge by government on corruption. He pass away with disappointment and unhappiness.<br /><br />What is the fate of Thailand Prime Minister Thaksin Shinawatra is yet to be see!<br /><br />Update: <a href="http://fullcoverage.yahoo.com/s/afp/20060209/wl_afp/thailandsingaporetelecompolitics_060209074407">Thai PM defends record after five years in power </a></p><p>Update: <a href="http://www.globalvoicesonline.org/2006/02/14/malaysia-business-to-politics">Global Voice Online</a><br /><br />TechnoratiTag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/competitive" rel="tag">competitive</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Shares" rel="tag">Shares</a> <a href="http://technorati.com/tag/Stock" rel="tag">Stock Market</a></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-113956469126199619?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1139370120004012072006-02-08T11:39:00.000+08:002006-02-10T16:22:26.810+08:00<div align="justify">I have stated that Malaysia's company do not have a <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">single brand </a>that make our company a world class company.<br /><br />It indicated that Malaysia's company unaware of tax incentive provided by Malaysia government on brand building.<br /><br />Malaysia's government provide double tax relief on Advertising & Promotion expenses on Malaysian brand. It might not substantial at a glance. Based on Malaysia tax rate at 28%, double tax relief is 56%. This is more that half of the Advertising &amp; Promotion Expenses you spend. Thus, this is a powerdful leverage strategy you unable to ignore.<br /><br />If you never do any brand building but your competitor did. what is the difference? Let illustrated if a company have RM2 million profit per year. </div><div align="justify"><br /></div><div align="justify"><strong>No brand building</strong> </div><div align="justify"><strong>Profit</strong> 2,000,000.00 </div><div align="justify"><strong>Advertising & Promotion </strong>0.00 </div><div align="justify"><strong>Net Profit after A&P expenses </strong> 2,000,000.00 </div><div align="justify"><strong>Taxable profit</strong> 2,000,000.00<br /><strong>Tax Paid</strong> <strong>28% </strong>560,000.00<br /><strong>Net Profit after Tax</strong> 1,440,000.00 </div><div align="justify"> </div><div align="justify"></div><div align="justify"></div><div align="justify"><strong>Malaysian brand</strong></div><div align="justify"><strong>Profit</strong> 2,000,000.00</div><div align="justify"><strong>Advertising & Promotion</strong> 1,000,000.00</div><div align="justify"><strong>Net Profit After A&P Expenses </strong>1,000,000.00</div><div align="justify"><strong>Taxable Profit </strong>0.00</div><div align="justify"><strong>Tax Paid</strong> 0.00</div><div align="justify"><strong>Profit After Tax</strong> 1,000,000.00<br /><br />From the above illustration. Company with brand building pay RM0 tax wheareas company without any brand building expenses have to pay RM560,000.00.<br /><br />Although Profit after tax for company without brand building expenses more RM440,000 than company with brand building expenses. However, in real life practise. Company with brand building expenses might generate more sales and thus more profit than company without brand building. Thus, usually company with brand building have more after tax profit than company that without any brand building expenses.<br /><br />In theory, every RM1,o00,000 spend on advertising equivalent to RM440,000 on advertising expenses only. As government subsidise RM560,000. I rather pay the advertising company rather than pay to government. Amount pay to adversing company generate more sales than paying tax to government which generate RM0 additional sales.<br /><br />If both company do pay advertising expenses but one with Malaysian brand that entitle to double tax relief but the other company pay advertising expenses but not Malaysian brand like <a href="http://competitivemalaysia.blogspot.com/2006/02/samsung-of-malaysia-hong-leong.html">OYL</a>.<br /><br /><br /><strong>Non Malaysian brand<br />Profit </strong> 2,000,000.00<br /><strong>Advertising & Promotion</strong> 1,000,000.00<br /><strong>Net Profit After A&P Expenses</strong> 1,000,000.00<br /><strong>Taxable Profit</strong> 1,000,000.00<br /><strong>Tax Paid</strong> 280,000.00<br /><strong>Profit After Tax </strong> 720,000.00<br /><br /><strong>Malaysian brand</strong><br /><strong>Profit</strong> 2,000,000.00<br /><strong>Advertising & Promotion</strong> 1,000,000.00<br /><strong>Net Profit After A&P Expenses </strong> 1,000,000.00<br /><strong>Taxable Profit</strong> 0.00<br /><strong>Tax Paid</strong> 0.00<br /><strong>Profit After Tax </strong> 1,000,000.00<br /><br /></div><div align="justify"></div><div align="justify"></div><div align="justify"></div><div align="justify">There is still a different of RM280,000. Thus , it is advisable to used Malaysian brand if this does not affect sales.<br /><br />There is another method of <strong>performance measurement</strong> call <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_13682"><strong>Economic Value Added Mehtod</strong></a>. Which Advertising and Promotion does not classified as expenses but classified as non-tangible assets. Thus, I strongly advise Malaysia company spend A&amp;P on Malaysian brand to improve competitiveness of Malaysia company.</div><br /><br />Technorati Tag: <a href="http://technorati.com/tag/Business" rel="tag">Business</a> <a href="http://technorati.com/tag/Commentary" rel="tag">Commentary</a> <a href="http://technorati.com/tag/Economics" rel="tag">Economics</a> <a href="http://technorati.com/tag/Economy" rel="tag">Economy</a> <a href="http://technorati.com/tag/finance" rel="tag">finance</a> <a href="http://technorati.com/tag/Malaysia" rel="tag">Malaysia</a> <a href="http://technorati.com/tag/Opinion" rel="tag">Opinion</a><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-7521100966561746"; google_alternate_ad_url = "http://www.ladyherbalist.com/Amazonbanner.htm"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_ad_channel =""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12927938-113937012000401207?l=competitivemalaysia.blogspot.com' alt='' /></div>Peterhttp://www.blogger.com/profile/04514371068898987271noreply@blogger.com0tag:blogger.com,1999:blog-12927938.post-1139110010655993172006-02-05T10:42:00.000+08:002007-08-07T10:50:58.903+08:00In 14 Jun 2005, The Edge published an article written by <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_1514">V Sivapalan </a>with title "<a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_79da99c8-cb73c03a-1fbc3550-7d72deb6">World-class company still a dream</a>". He stated that: <em>Currently, there is no Malaysian "world-class company"........... We always cite Singapore's Creative Technologies as an example.........Sure, we have Petronas but that is a national oil company with an absolute monopoly over all our energy resources. We don't have a truly entrepreneurial Malaysian icon. South Korea has its Samsung, Hyundai and LG; China its Haier and Huawei Technologies; India its Infosys and Tata Consulting. Even the Philippines has San Miguel. Malaysia, well, unfortunately, we have nothing but a dream. </em><br /><em></em><br />I disagree with him and I feel Malaysia have a few company. We have IOI group which has just acquired some business from Dutch's Unilevel Group. We have YTL Corporation which supply water to resident in UK etc.<br /><br />South Korea icon is Samsung. Samsung started from Brevery, <strong>sugar refinery</strong>, textile, <strong>paper pulp and packaging, electrical appliance, Semiconductor</strong> and handphone.<br /><br />While Robert Kwok in Malaysia start from sugar refinery, like Samsung. He later invest his wealth in leisure industry and not manufacturing like Samsung.<br /><br />In Malaysia, one company that venture into paper pulp and packaging, electrical appliance and semiconductor industry is <a href="http://www.hongleong.com/hl_manu/default.htm">Hong Leong Group </a>in Malaysia.<br /><br />Hong Leong group first involve in packaging business when it acquired Malaysia Pacific Industry Bhd (MPI). Base on profit from the packaging. The company diversified into semiconductor business and renamed MPI. MPI later demerged the pakaging business from MPI to become Guolene Packaging Industries Bhd. In late 2004, Hong Leong Industries Bhd <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_46ba3e04-cb73c03a-1de891b0-1f7d8203">sell it packaging business to San Miguel Corp, the Philippines’ largest publicly listed food and beverage company, for RM133 million cash. </a><br /><br />MPI operate it semiconductor business under <a href="http://www.carsem.com/">Carsem</a> and <a href="http://www.dynacraft.com/">Dynacraft Industries Sdn Bhd</a>. Not MPI nor Hong Leong. Thus, I feel Malaysia do not lack of world class company. The problem is branding. They do not operate under a single brand.<br /><br />Malaysia is the largest air conditional manufacturer and exporter in the world. The leading player is Hong Leong's <a href="http://www.oyl.com.my/">OYL Industries Berhad</a>.<br /><br />OYL Industries Berhad's CEO <a href="http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_712a95f5-cb73c03a-15f4a7f0-d3c7b875">Liu Wan Min </a>has been listed as one of the <a href="http://www.theedgedaily.com/cms/search.jsp?query=20+CEO+Sweadmire&x=4&amp;y=13">20 CEO we admire </a>at the year end issue of The Edge in end of 2005, together with his boss, Tan Sri Quek Leng Chan.<br /><br />In Malaysia, OYL market it air-conditional under <a href="http://www.acson-international.com/">