Puteri's Convo.. =)
Sunday, May 30, 2010
Posted by DarkSky at 9:15 PM 2 comments
Labels: Family
Morons love monkeys..
Wednesday, May 26, 2010
Beberapa bulan lalu, aku ada pergi satu benda bodoh ni.. Motifnya macam biasa la kan.. Ada 3 makhluk manusia depan aku yang di benak mereka cuma ada $$$ je..
Antara point2 dorang yang aku catit ialah..
- belum buat kerja dah dapat duit (maybe Ayah Pin campak dari langit kot untuk golongan mereka)
- jual produk (memang syarat perniagaan pun)
- goyang kaki pun dapat duit (yang ko carik orang pehal?)
- PPIM dah check, takde penindasan dalam sistem dorg
- orang tak tau sebab tak join (ni merujuk kepada blog UZAR, klik sini dan sini)
- register je dapat barang & komisen (komisen? dari duit yang kita bayar la kan? so kite dpt duit kite balik?)
- dorg punye sistem ialah piramid yg terbalik (katenye kayekan orang bawah dulu)
- ustaz *****, imam mane tah, join gak menda ni dan dah berjaya
- company untung 20%, dorang untung 80%
- kalo keje makan gaji, bila nak kaye?
- orang tak war2kan sebab tanak bayar iklan kat TV and media
- orang keje O&G pun dapat duit sket berbanding dorang (sian orang O&G, kene kutuk, kui3!)
Macam2 ragam manusia dalam dunia ni kan.. Aku tak tau la ada yg lagi worst dari ni ke tak, hahaha..
P/S : Atas dasar ihsan dan kemanusiaan, aku takkan siarkan gambar mereka ini.. Tengok, aku pun masih punya rasa belas kasihan walaupun aku hampir tertipu.. Tapi aku takmo la widget Link Within aku ni jadi hodoh sket sebab takde pic, so aku letak la yek pic ape2..
Posted by DarkSky at 7:09 PM 0 comments
Labels: Pig
Family.. =)
Posted by DarkSky at 12:58 PM 0 comments
Labels: Family
Assessment..
Tuesday, May 25, 2010
Posted by DarkSky at 7:05 PM 0 comments
Labels: Work
Lazy-ass who stole other people work..
Tuesday, May 18, 2010
Posted by DarkSky at 11:55 PM 0 comments
Labels: Pig
Salih Yaccob..
Posted by DarkSky at 7:13 PM 0 comments
Labels: Entertainment
Hepy bufday to me.. =)
Thursday, May 13, 2010
Posted by DarkSky at 10:37 PM 3 comments
Labels: Family
Rugi berbillion Part 3..
May 13, 2010
MAY 13 — If today carries bad memories for Malaysia, it is doubly so for the great Malaysian conglomerate Sime Darby Bhd.
The driving force behind the merger of three plantation giants to form Synergy Drive Berhad and subsequently retake the name Sime Darby, Datuk Seri Ahmad Zubir Murshid has been asked to take a leave of absence following concerns about costs overruns from the Bakun dam project.
Several other officials have already been asked to step aside in a shake-up of its engineering division.
The plantations-to-power group also estimates there will be a negative impact of RM964 million on its results for the second half of the 2010 financial year due to the problems that have been uncovered. It had announced a profit of RM1,113 million for the first half of the current financial and third quarter results are due on May 27.
The question is, should Ahmad Zubir be the only fall guy?
Shouldn’t the entire board, and for that matter group chairman Tun Musa Hitam, do the honourable thing and step down.
After all, it is an open secret in Sime Darby, the Malaysian corporate world and even in Putrajaya that the former deputy prime minister has been virtually operating as the executive chairman, with a large say in many operation matters.
The Bakun project itself was awarded in 2002 and does it take three more years than the first deadline of 2007 for anyone to figure out there will be cost overruns? Even the other losses related to the energy division should have rung alarm bells when delays and overruns were recorded.
Everyone with a hand at the helm should take responsibility for this.
Musa and for that matter other board members cannot plead ignorance. Or apportion blame on Sime Darby’s failings on others. This is the corporate world where failure means being shown the exit and not Malaysian politics where failure is just a means to another step of the ladder.
Put it simply, if you want to enjoy the perks of the job and like to wield the power that comes with it, then you must be prepared to fall on the sword when the time comes. No two ways about it.
The Sime Darby shake-up of May 13 should not just be about a few officials stepping aside to be replaced by other underlings. It requires a clean-up and an entirely new team to manage a behemoth that is a critical part of the country’s economy.
Posted by DarkSky at 7:59 PM 0 comments
Labels: Politic
Rugi berbillion Part 2..
UPDATED @ 05:27:25 13-05-2010
By Yow Hong Chieh
May 13, 2010
KUALA LUMPUR, May 13 — Sime Darby Bhd president and group chief Datuk Seri Ahmad Zubir Murshid has been asked to take a leave of absence following concerns about costs overruns from the Bakun dam project.
Sime Darby chairman Tun Musa Hitam told a press conference today that pending the appointment of a new president and group chief executive, Datuk Azhar Hamid, executive vice-president of the plantation division, has been appointed acting group chief executive.
The announcement confirms an earlier report in The Malaysian Insider.
When asked if Ahmad Zubir’s leave of absence amounted to a dismissal, Musa said: “It is up to people to interpret. The fact is that he has left the group as of today.”
As for the possibility that Ahmad Zubir will face criminal charges, Musa said: “It’s still work in progress. We don’t decide. Our advisers will decide after looking through the circumstances.”
Musa added that the problems within the energy and utilities division were not restricted to the Bakun hydroelectric dam project, citing cost overruns for the QP, MOQ and Marine projects.
Sime Darby expects to make a loss of RM964 million in this quarter due to cost overruns from these four projects.
Group CFO Tong Poh Keow said the losses will definitely impact Sime Darby’s numbers for the total financial year but was confident that the company will not book a loss in FY2010.
“For the whole year cumulative results... we would expect it will positive,” she said, noting the group’s RM1.1 billion profit in the first half of FY2010.
She added that Sime Darby will release its Q3 results on May 27.
The cost overruns were discovered by a board work group formed in October 2009 to “assess the corporate governance and performance” of Sime Darby’s energy and utilities division.
The task force consists of Datuk Seri Panglima Andrew Sheng, Tan Sri Wan Mohd Zahid Mohd Noordin and Datin Paduka Zaitoon Othman, and is advised by independent lawyers and accountants.
Trading on Sime Darby was suspended today from 9am to 5pm due to a “material announcement”. This followed a fall in share prices from RM8.76 to RM8.65 after a report on the Bakun dam cost overruns was published in The Edge on May 5.
UPDATED @ 09:29:30 13-05-2010
May 13, 2010
KUALA LUMPUR, May 13 — Sime Darby has sought a suspension of share trading for today because it plans a “material announcement”, according to a one-paragraph statement posted on the Bursa Malaysia website.
Sime’s announcement is most likely related to its probe on the energy and utilities division and the provisions it may make for cost overruns for the Bakun dam project, said analysts.
Sime said last week it had set up a task force to investigate the division to address “the tough and challenging situation it is currently facing.”
Sime reportedly incurred more than RM1 billion in cost overruns for carrying out civil works on the RM8 billion Bakun hydroelectric dam in Sarawak state on Borneo island.
The Edge newspaper said it had put in claims of RM700 million against the government for civil engineering works at the dam.
Sime Darby officials were not immediately available to comment. The stock closed yesterday at RM8.65 and investment bank CIMB cut its rating on the stock to neutral as a result of the cost overrun reports. — Reuters
By Lee Wei Lian
May 13, 2010
PUTRAJAYA, May 13 — Prime Minister Datuk Seri Najib Razak promised today that there will be no cover-up of any weaknesses or losses at top conglomerate Sime Darby Bhd.
This comes as Sime Darby president and group chief Datuk Seri Ahmad Zubir Murshid was asked to take a leave of absence following concerns about costs overruns from the Bakun dam project.
“We have no intention to cover up any such weaknesses or losses,” the prime minister told a press conference today. “This is part of good governance.”
Najib (picture), who is also Finance Minister, said the decision taken at Sime Darby shows that the government-linked-company (GLC) is decisive and transparent.
“In principle, all those running GLCs are responsible for the performance of their respective companies,” he said.
Sime Darby chairman Tun Musa Hitam said today the problems within the GLC’s energy and utilities division were not restricted to the Bakun hydroelectric dam project and cited cost overruns at the QP, MOQ and Marine projects.
Sime Darby expects to make a loss of RM964 million in this quarter due to cost overruns from these four projects.
The cost overruns were discovered by a board work group formed in October 2009 to “assess the corporate governance and performance” of Sime Darby’s energy and utilities division.
The taskforce members consist of Datuk Seri Panglima Andrew Sheng, who is also a member of the National Economic Advisory Council, Tan Sri Wan Mohd Zahid Mohd Noordin and Datin Paduka Zaitoon Othman.
Trading of Sime Darby shares was suspended today pending the announcement of Ahmad Zubir’s departure.
Sime Darby’s shares fell from RM8.76 to RM8.65 after news reports of the Bakun dam cost overruns emerged on May 5.
May 13, 2010
KUALA LUMPUR, May 13 — Corporate giant Sime Darby Berhad is likely to announce management changes this afternoon, which could see group chief executive officer Datuk Seri Ahmad Zubir Murshid take a leave of absence ahead of his contract expiry in October.
Sime Darby chairman Tun Musa Hitam has called for a press conference at 2.30pm at the Sime Darby Convention Centre in Bukit Kiara.
“There are changes at the top,” a source told The Malaysian Insider.
It is understood that Zubir (right), who is also the GLC’s president, had indicated earlier this year that he did not intend to extend his contract beyond October despite being urged to do so by Musa and the board.
Sources also said that Datuk Azhar Abdul Hamid (left), executive vice-president in the plantations and agri-business division, could be one of the frontrunners to manage the group in Ahmad Zubir’s absence.
The plantation-to-power conglomerate had earlier this morning sought a suspension of share trading for today because it plans a “material announcement”, according to a one-paragraph statement posted on the Bursa Malaysia website.
Sime’s announcement is most likely related to its probe on the energy and utilities division, and the provisions it may make for cost overruns for the Bakun dam project, said analysts.
Sime said last week it had set up a task force to investigate the division to address “the tough and challenging situation it is currently facing.”
The conglomerate reportedly incurred more than RM1 billion in cost overruns for carrying out civil works on the RM8 billion Bakun hydroelectric dam in Sarawak.
The Edge newspaper said it had put in claims of RM700 million against the government for civil engineering works at the dam.
Sime Darby officials were not immediately available to comment. The stock closed yesterday at RM8.65 and investment bank CIMB cut its rating on the stock to neutral as a result of the cost overrun reports.
Posted by DarkSky at 7:56 PM 0 comments
Labels: Politic
Rugi berbillion Part 1..
By Lee Wei Lian
May 06, 2010
KUALA LUMPUR, May 6 — Sime Darby Bhd has changed the management team in its energy and utilities division, which is now under investigation for reported losses of RM1.7 billion on the Bakun hydroelectric power project.
In a statement today, the government-linked company said the findings of the internal task force, which are yet incomplete, will be made available in its third-quarter results announcement on May 27.
The Star daily quoted sources about the probe and overrun, which is almost equivalent to the Bakun project’s entire contract value of RM1.8 billion.
“With reference to recent media reports about Sime Darby’s Energy & Utilities Division, including projects in Qatar and Bakun, the Group would like to confirm that a Taskforce is investigating all aspects of this Division’s business operations in an effort to address the tough and challenging situation it is currently facing,” said Sime Darby on its website today.
“The Sime Darby Management is aware of the difficulties and challenges besetting its Energy & Utilities Division, especially with regards to operational efficiency and project management, and has instituted a new management team at the Division. The Group is currently addressing the situation by implementing appropriate measures.”
The Star report also said that the government has agreed to reimburse Sime Darby around RM700million, leaving the company with about RM1 billion to be dealt with.
Sime Darby today did not confirm or deny the reported losses or whether it will be reimbursed.
The energy and utilities division reported an operating loss of RM110 million in the second half of 2009 compared with a profit of RM56.3 million previously.
Sime Darby acknowledged that the loss was mainly due to RM210 million loss from its RM2.1 billion Maersk Oil Qatar project.
The Bakun project is located in Sarawak, on the Balui River, a tributary or source of the Rajang River and some 60km west of Belaga.
The project involves building the tallest concrete-faced rockfill dam in the world. It would also be the largest dam in Asia outside of China. It is expected to generate 2,400 megawatts of electricity once completed.
May 08, 2010
KUALA LUMPUR, May 8 — Malaysia’s Sime Darby has put in a claim of RM700 million to the government for carrying out civil works on a dam, the Edge newspaper said today citing unnamed sources.
The Edge said the latest claim was in addition to an earlier claim of RM708 million that the government had agreed to reimburse to Sime for its work on the Bakun hydroelectric dam in Malaysia’s Sarawak state on Borneo island.
If the claim is approved, the total cost of the civil works for the Bakun dam will rise to RM3.2 billion from the initial RM1.8 billion that was awarded to the Malaysia China Hydro joint venture in 2002 that Sime leads, the Edge said.
“Also the new completion date that Sime is seeking to hand over the dam is December this year, “the Edge cited a source as saying. The previous deadline was June this year.
A Sime spokeswoman had no immediate comment.
Sime’s shares have fallen more than 2 per cent since Wednesday when news surfaced that Malaysia’s largest listed company incurred more than RM1 billion ringgt in cost overruns on the Bakun project.
That prompted investment bank CIMB to cut its call on Sime to neutral.
Bakun’s owner is Sarawak Hidro, a unit of the Ministry of Finance, that was mandated to manage the construction of the dam after the government took over the project in the 1990s.
The over US$8 billion (RM26.16 billion) dam was supposed to be completed by end-2007 but inaccurate soil studies by Sarawak Hidro complicated civil works portion of the dam, the Edge said citing an official with the dam’s contractors.
The delay in civil works has prompted the turbine suppliers to the dam — France’s Alstom and Impsa Malaysia to submit claims to Sarawak Hidro of about RM450 million ringgit, local media earlier reported.
Under the terms of the contract, Sarawak Hidro can impose the two companies’ claims on the Sime-led civil works JV.
The Edge, without specifying the source of its information, said Sime is appealing against the government imposing the claims by the turbine suppliers on its JV as the delays were beyond its control. — Reuters
By Yow Hong Chieh
May 13, 2010
KUALA LUMPUR, May 13 — Sime Darby Bhd chairman Tun Musa Hitam today stressed that failures in corporate governance within the group are only limited to its energy and utilities division.
“There is no basis to go into the other divisions,” he said, when asked if the board work group will extend its probe.
“There are strong reasons why we went into this division (energy and utilities).”
The board work group, consisting of Datuk Seri Panglima Andrew Sheng, Tan Sri Wan Mohd Zahid Mohd Noordin and Datin Paduka Zaitoon Othman, was formed in October 2009 to review operations of the energy and utilities division following its results in FY2009.
Following the findings of the task force, president and group chief executive Datuk Seri Ahmad Zubir Murshid was asked to take a leave of absence, effective today, prior to his contract expiring on Nov 26, 2010.
During his tenure, Sime Darby racked up RM964 million in cost overruns in four projects, including the Bakun dam project.
However, Musa admitted that there were also larger issues within the group that had to be dealt with.
“As of now, within the context of corporate governance there are a lot of loopholes... serious enough as to cause this serious problem vis-a-vis our figures,” he said.
“Long-term structural management problems have been identified and the board will involve itself in a special exercise to look at these structural... issues.”
He cited management structure, staff qualifications, procedures, feedback channels and checks and balances as examples of these issues, but said any changes to improve Sime Darby’s efficiency have to be done without “destroying the fabric” of the company.
Musa also said the company has benefited from the board work group’s assessment exercise so far.
“Because these are very long, complex, drawn-out, technical projects, risk management issues require... much better understanding, and I think the group has learned from this.
“I think our work group has identified... areas that we think should have been improved, controls that should be strengthened,” he said, adding that the board has given instructions to the management to tighten administration of those areas.
Asked if Sime Darby would get rid of the division, Musa joked: “Thank you for the suggestion. We’ll take note of it.”
He said he would go “to the moon” to find Ahmad Zubir’s replacement.
Posted by DarkSky at 7:48 PM 0 comments
Labels: Politic
Toe socks..
Monday, May 10, 2010
Posted by DarkSky at 7:28 PM 2 comments
Labels: Misc
Hepy Mothers Day Mama.. =)
Sunday, May 9, 2010
Catching me in places that I knew I should'nt be
Every other day I crossed the line I didn't mean to be so bad
I never thought you would become the friend I never had
Back then I didn't know why
Why you were misunderstood
So now I see through your eyes
All that you did was love
Mama I love you.Mama I care
Mama I love you . Mama my friend. You're my friend
I didn't want to hear it then but I'm not ashamed to say it now
Every little thing you said and did was right for me
I had a lot of to think about,about the way I usedto be
Never had a sense of my responsibility
Back then I didn't know why
Why you were misunderstood
So now I see through your eyes, all that you did was love
Mama, I love you. Mama, I care
Mama, I love you. Mama ,my friend. You're my friend
But now I'm sure I know why,
Why you were misunderstood
So now I see through your eyes
All I can give you is love is love
Mama I love you. Mama, I care
Mama, I love you. Mama, my friend,You're my friend
Mama, I love you, Mama ,I care
Mama, I love you, Mama, my friend, You're my friend
Posted by DarkSky at 9:44 PM 0 comments
Labels: Family
Third place in table tennis..
Posted by DarkSky at 7:43 PM 0 comments
Labels: Sports
Iron Man 2..
Thursday, May 6, 2010
Posted by DarkSky at 12:44 AM 0 comments
Labels: Entertainment
Selipar RM19.95..
Saturday, May 1, 2010
Posted by DarkSky at 10:31 PM 0 comments
Labels: Misc