WTI 原油
$94.76 ▼0.66 0.69%
原油（石油）价格。。。已经由90美元上升了。。。。。。预料将回到97美元至105美元之间。。。。
RON 97 为何还没有落价呢？？？？
等多一个星期。。。油价又上升了。。。。。
RON 97。。。。还没有落价。。。。拖拖下。。。难道，又不用落价了。。。。。？？？
油价。。。基本上看“起”，也就是说下跌的机会不大。。。。因为中东佬。。。。不会让油价下跌。。。。加上中东还很乱。。。。。。。
看看中东。。。。古老的埃及。。。还是独裁，揽权。。。加上滥权。。。。。古老。。。让人担心。。。。中国也是古老国家。。。文明古国。。。。和埃及很相像。。。。。。。。。还不改革。。。。。。迟早。。。。“去荷兰”。。。。。。。利比亚。。。至少还有一年来乱。。。。。
两年前。。。。一年前。。。。打死也没有人相信。。。。埃及独裁者“穆巴拉”会下台。。。。连愚蠢的古老国家的人民也站起来了。。。。。。。几年前，大家还赞扬。。。中东因为某信仰。。。。而大发财（其实发财的是独裁者。。。他们的自己人，朋党。。。不是人民。。普罗大众）。。。大家还说。。。某个神把石油送给了“它“的信徒。。。。
世事如棋局局新。。。。今天。。。伟大的领袖被人骂。。。。嘴巴不骂的，心中大骂。。。。中东。。。。成了永远也无法解决的困境。。。。。
很多变数。。。就会发生。。。。
台湾。。。应该加速电动汽车。。。。HYBRID 飞机。。。。HYBRID 直升机。。。。运输机的发展。。。。。。。学习英国在电动油站方面的设计与技术。。。。TAIWAN 的未来。。。。就是在”电动“。。。。。领先全球。。。台湾必须走得比其他国家快。。。才有希望。。。。。。
在这两年。。。。石油还是影响着大家。。。。。。。
Thursday, June 30, 2011
Wednesday, June 29, 2011
马来新闻工作者赛扎哈利
一位进步马来新闻工作者赛扎哈利
接受《独立新闻在线》专访
畅谈陈平回国问题与华玲和平谈判
编者按：赛扎哈利在马来西亚、新加坡和印尼乃至国际上是一位颇有声望的新闻工作者，也是一位坚定的反帝反殖人士。他曾担任马来亚马来协会会长、《马来前锋报》总编辑、新加坡人民党侯任主席。
1961年，由于领导了反对巫统接管《马来前锋报》的工潮，被时任马来亚首相的东姑阿都拉曼下令禁止他进入马来亚内地。
1963年2月2日，由于毫不理会李光耀对他的“关照”，执意与新加坡的反殖爱国人士站在一起，就被李光耀政权以英殖民当局镇压人民的恐怖法令：《内部安全法》，不经审讯，把他关押和拘留了长达17年。
1979年底，在国际和国内舆论的压力下，李光耀政权才被迫释放了这位像中国古代英雄人物文天祥那样一身正气的进步马来文人和新闻工作者。
1989年底，他获得时任马来西亚首相兼内政部长的马哈迪医生批准，以永久居民身份回到马来西亚的吉隆坡定居。从此，他不仅获得了更大的自由活动空间，而且开始呼吸到远比李光耀统治下的新加坡更为新鲜和清新的空气。
迄今为止，赛扎哈利撰写的政治回忆录三部曲的第一部：《人间正道》（Meliti Lautan Bergelora）和第二部：《万千梦魇》(Dalam Ribuan Mimpi Gelisah)，其马来文本、华文本以及英文本已先后问世。他在这两部回忆录里，也毫不讳言地谈到自己对马共及其斗争的看法和意见。
1989年11月底，马共与马来西亚政府和泰王国政府之间签署合艾和平协议之后，他就曾利用于1999年3月底以马来西亚国民大学客卿作家身份前往泰国曼谷出席一个研讨会的机会，会见了他一直想见的马共总书记陈平。随后，他把这次会见经过写成一篇文稿，当作《人间正道》一书的“后记”，收录在他的第一本政治回忆录里。（内容见附录：“在曼谷会见陈平”一文）
赛扎哈利今年已经81岁，身体也不太好，现正在雪兰莪州一家医院养病。在全人类进入2010年前夕，他虽然有病在身，仍然高兴地接受了《独立新闻在线》记者的访问，畅谈他对陈平回国和半个多世纪前举行的华玲和谈等与马共有关的热门话题的看法。现将《独立新闻在线》记者的专访转载于下，以供对马共斗争史及其领袖陈平感兴趣的读者参考：
除非证据证明陈平生于天安门
赛扎哈里：陈平是马来亚土著
作者／本刊林宏祥 Dec 29, 2009 01:11:38 pm
【本刊林宏祥撰述/朱君明翻译】“陈平在马来亚土地上诞生。他在一个地方出世，那个地方叫做实兆远（Setiawan）。实兆远是马来亚领土的一部分。如果他在马来亚的土地上出生，那他就是马来亚土著......”
这便是关于马来亚共产党总书记陈平回马课题的最有力陈述，它出自《马来前锋报》（Utusan Melayu）前总编辑赛扎哈里（Said Zahari）之口。
对这一位新闻界的领袖而言，根本不存在陈平能不能够回来的问题。赛扎哈里（右图）坚决地表示：“陈平拥有回来的权利，而不是能不能的问题。从法律的角度而言，没有任何一个人能够说陈平没有权利回来。陈平的祖国不是中国大陆，不是台湾，不是香港，而是实兆远。”
当《独立新闻在线》的记者为了获得确切的答案而问道：“土著？”赛扎哈里没有丝毫迟疑地答道：“是！无论世上哪一个国家的法律（都注明），你在哪里出生，那里便是你的祖国。”
赛扎哈里举例道，比方说他本身出生于吉隆坡，而陈平则出生于实兆远，“......两地皆属于马来亚领土。我是这块土地上的土著，那为什么陈平却不是土著呢？如果他的爷爷不是土著那我就没有异议，不过.......（不赞同陈平的国民身份遭到抹杀）”
这一位常被人们称作赛伯伯的扎哈里笑笑补充：“重要的是，如果他们（反对陈平回国的人）有证据证明陈平不是出生于实兆远，而是出身（生）于天安门，那就另当别论。”
陈平的签名受承认
赛扎哈里接着以政府和陈平谈判的《华玲和谈》和《合艾和平协议》来巩固其论说及推翻陈平没有出生纸的说法，并指这两次的协议足以证明陈平的公民身份。
“1955年，当马来亚政府在要和陈平、拉昔迈丁（Rashid Maidin）、陈田进行谈判，当时我也在场。这已经说明了我们已经承认他们是为了某一些事情而斗争的马来亚公民。另外，《1989年合艾和平协议》更是大的证据。”
他提问道：“你们（反对陈平回国的人）到底还要什么？如果你们接受了可给马来亚人民带来和平的陈平的签名，那你们还要什么证据？为何你们还要坚持他不是我国人民？我们已经变得专制......”
赛扎哈里解释道，《联邦宪法》的普通条文和《合艾和平协议》的特殊记载已经很好地诠释了陈平的“权力”（权利）。《合艾和平协议》是在马共、马来亚政府及泰国政府三方之间签署的，以允许马共党员在缴械后回到马来西亚。
无论如何，陈平的回国心愿还是在我国首相纳吉和副首相慕尤丁的公开表态拒绝后，暂时无法得偿。这个课题在一部分退休军人促请政府拒绝让陈平踏足马来西亚后，更被炒得火火红红。
1955年，当时才27岁的赛扎哈里，曾在华玲采访马共和后来的我国首任首相东姑阿都拉曼之间的历史性谈判。
这位前总编辑也曾是1961年，反对《前锋报》遭巫统收购的示威运动的领袖。除此，他还曾在《1960年内安法令》下，被扣留长达17年。今年81岁的他，昨天在雪兰莪州一家医院接受《独立新闻在线》记者访问时，分享了他对陈平回国课题的看法。
陈平比巫统“爱国者”更爱国
赛扎哈里：不是马共关我17年
作者／本刊林宏祥 Dec 30, 2009 07:18:45 pm
【本刊林宏祥撰述/朱君明翻译】“历史文盲”常被用来标签那些尝试赞同让马来亚共产党总书记陈平回国的新生代。与此同时，那些准备基于“人道”立场而网开一面的人，反遭受争议--“不人道的陈平”是否应当受到“人道”的对待？
虽然如此，前《马来前锋报》（Utusan Melayu）总编辑赛扎哈里（Said Zahari，右图）坚决认为，陈平有权回到他的祖国马来西亚。这位报界的前辈在27岁的时候亲临现场，亲眼见证1955年华玲和谈。
他意识到，陈平回国的课题并不是“能或否”的问题，而是一个人民的“基本人权”不能被任何人否决。陈平的这个权利早已写在马来西亚政府签署的《1989年合艾和平协议》中。
无论如何，赛扎哈里在昨晚接受《独立新闻在线》访问时，愿意挺身和大家分析反对陈平回国的论点，并提出他关于此课题的见解，以让民众有多一个角度来评价我国的历史。
继承殖民者的思维
其中一个情感上的说法是，在紧急状态时期遭到杀害的受害者或其家属的心灵受创至深，因此，他们对陈平的回国感到愤怒。再者，陈平或马共便（并）没有被承认是我国争取独立的斗士，反之，被标签为“恐怖分子”，因为在1957年我国独立以后，他们仍然持着武器，继续进行他们的斗争。
尽管如此，赛扎哈里还是和我们回顾了一些常为人所忽略或匆匆翻过的历史往事。他分析道，那一些人士拒绝让陈平回国，是因为他们一直认为陈平和其追随者曾经对人民残暴不仁。其实，这一些人是继承了殖民者的思维。
“......他们认为杀戮等凶残行为并不是马来西亚人的文化。”他继续道：“所以，其实他们是继承了殖民者遗留下来的如斯观点。殖民者认为陈平和马共是暴徒，是与民为敌的政党。这些都是殖民者的观点。而他们（反对陈平回国的人）则继承了这样的观点。”
同时，赛扎哈里也追忆道，当年马共极力地对抗外国殖民者，亦曾和英军携手驱逐日军。在日军投降以后，又重新投入与英殖民政府的对抗。
“向侵略者发动战争并不是新鲜的事。从我国历史中，我们得知人民如何抵抗英国的侵略......督江谷（Tok Janggut）、巴哈曼（Bahaman）、末吉劳（Mat Kilau)之战役......都可在历史中找到。虽然未必是很庞大的战役......但一小撮一小撮对抗外来势力是肯定有的。”
“从历史角度来看，不愿受外人统治已经成为了马来领土（Tanah Melayu）子民的一种文化。因此，到了日侵时代，日本来侵略。当英国人被打败后，人民便寻求团结一致的方法以对抗日本。以前我们要驱逐英国人，现在轮到日本人掌权，我们对抗日本人。接着日本输了，英国人又卷土重来。”尽管不过为一段被简略叙述的历史，但足以让我们看到先辈们为了对抗外敌而不分种族肤色地抛头颅、洒热血。”
“我不射你，你就会射我”
赛扎哈里明白有些人是因为个人因素而有此反应，例如有亲人在紧急状态时期受到伤害乃至被杀害，但那个时期是殖民时期，对抗外敌的战事也在进行中。
“那是战争。在战争中，如果我不射你，你就会射我。如果你不杀我，我就杀你。因为我们在战争当中。无论是谁，一旦投身军队以后，就必须想到有这个可能。这个可能将会发生在任何人的身上。”
因此，那些在维（保）安部队（pasukan keselamatan）中服务的人，皆被视为对抗马共的殖民者警察或军人。赛扎哈里回忆说：“当一公布进入紧急状态，也就是说向马共宣战。战争便开始了。”
其实，在这一个小时的访谈中，赛扎哈里曾数次强调“杀”与“被杀”，其实也是战争中的“家常便饭”。
“如果在维（保）安部队，因对抗共产党而在战役中丧生......在那个年代，一方势力和另一方势力作战。在战争中，必有伤亡，必有杀戮。”
他反问道：“为什么只计算军队、维（保）安部队的伤亡人数和折断的腿，对另外一方却不闻不问？谁（马共方）折断了腿？谁（马共方）丧生了？为什么没有听说过？”
因此，赛扎哈里也打蛇随棍上，解释道，应该更宏观地诠释“人道”，各方都应受到“人道”的眷顾。“......对于共产党的死者，到底有没有人道？是不是共产党员就不是人？”
政府迫使马共继续斗争
假设在以上段落中所说的人士在殖民时代（期）牺牲了，而战争在1957年，马来西亚独立以后仍然被持续着，那当时候的陈平和马共整体普遍是怎么想的？
赛扎哈里感慨道：“马共已经在与殖民者斗争中扮演了重要的角色，却没有被授予应有的荣誉。马共也没有要求什么。敬重或承认我们（马共）也有为对抗殖民者出过力。这（事实）他们（马来亚政府）不承认。”
“因此，当马共没有受到承认，这也意味着他们（马来亚政府）要马共继续他们的斗争.....”
他补充道：“也就是说共产党人没有受到重视，没有被考量到。没有贡献。这就是问题。所以，马共继续他们的斗争。”
“（马共）只是要求受到珍惜（尊重）及承认我们一同对抗过殖民者，我们一同对抗英国人。不过，巫统的保守分子都不承认这一切。好像就只有他们（巫统）争取到独立。这就是差别。历史的真实不能被否认。不过现在的历史学家都在尝试掩盖这一些。”
当记者抛出一个可能，即有者或会认为，“承认马共贡献之事太琐碎”，不足以成为继续武装斗争的理由，导致无数人民伤亡。
扎哈里答道：“平民牺牲了......确实是那样。我想，如果我们比较一下平民、跟随作战者、政府军队和共产党军队，共产党军队牺牲的人数比起政府军队的还要多。如果政府要显示跛脚的人，把照片刊登在报纸上...有多少共产党军人被杀死、被问吊、被拖扯以及其他......那些东西没有被报道。我们试图隐瞒历史的一部分。”
马共和政府皆有责任
赛扎哈里赞成平息战乱失败的责任不应该只由马共一方或陈平来承担。政府也有责任为了人民的安宁而停止战斗。
当被询及有的人认为陈平（右图）斗争是为了提倡共产思想及在马来领土上建立一个秉持共产主义的政府是一项错误的行为及与我国国情不符，因为共产主义也提倡无神论。赛扎哈里在参考了马共宣言后承认道：“马共是要成立一个苏维艾（埃）国家，也就是尊奉马列主义的国家。”
“这是政治理念。也有的人提倡‘法国革命’。他要成立一个共和国。他拿起武器及投入战争。在这样形式的战争中，杀或被杀，都是战争的一部分。”
接着，他以印尼共产党（PKI）为例指出：“它的追随者并非全都是华人，还有一大部分是印尼人，不仅仅是印尼人，有的还是信仰强烈的回教徒。”
赛扎哈里也纠正了“马共只是由华人组成”这普遍观点，并谴责这是英国人当年指只有华人对抗日本人而大肆宣传的。
“不过，人们所不知的，很多人不知道的，不只是马共对抗日本人，也不只有马共在对抗英国人。马共被诠释为由华人组成的马共。事实上在马共当中就有很多马来子弟。也有许多规模不大的组织对抗殖民势力、对抗日本。”
他继续说道：“因此，如果我们从历史角度来看，确实很多人不知道，因为英国人不要人民知道对抗日本人，对抗英国人的还有马来人以及所有人民。”
赛扎哈里透露，马共的第十路军队大部分的成员是马来人，以及马来领袖如拉昔迈丁（Rashid Maidin）、阿都拉是西迪（Abdullah CD）也是马共中的重量级领袖，不过陈平比较被突显为最高领导人，以便把马共与华人连为一体。
只因陈平是华人...
可是，在我国从英国人的手中争取到独立之后，这种情况依然在持续着。也许陈平被标签为“暴徒”（ikon kekejaman）这件事，是赛扎哈里的心头憾事。
“陈平本身是马来土地之子.....这没错，他是马来土地之子（anak Tanah Melayu）。大部分马共的成员是马来土地之子。阿都拉西迪是马来土地之子，拉昔迈丁是马来土地之子......珊西娅法姬（Shamsiah Fakeh）不只是马来土地之子，她还是宗教中人。”
赛扎哈里说道：“不过，当宣布紧急状态的时候，就只有马共和政府之间的战争。故在马共内，没有你是马来人，或你是华人的问题存在......如果你阅读阿都拉西迪的著作，他们曾杀了多少人？为何他们没有像陈平那样受到指责？为什么你们只选择陈平，指他为‘暴徒’？”
“答案是陈平是华人，炎黄子孙。而这对马来西亚来说是危险及不好的。”
他感叹道：“今天这样是不应该发生的，因为陈平，如果我要见陈平......我认识陈平。我曾多次和他会面。我记得，我是第一个在华玲和谈会议上见到陈平的记者，接着就是在曼谷。”
“陈平比较爱国”
“我想，陈平比那些大喊大叫的人，包括巫统党员和其他自认为爱国者的人还要爱国，因为他不是为了其他东西而斗争。他在马来西亚斗争，没错是为了提倡共产苏维埃共和国。那是一种政治制度。纵使他知道他将无法获得胜利，但是他依然坚持这个斗争。”
接着，记者还替那些认为陈平没有权力（利）回国的人提出一道问题，因为据说共产主义信仰者在他们的斗争事业中是不承认基本人权的。
赛伯伯迅速地回答道：“难道我们现在就承认了真正的人权吗？许多基本人权被否定了。有许多（限制）新闻自由的法令，《内安法令》，基本人权已经不复存在。”
“我就是这些基本人权底下的受害者。你将如何解说我的基本人权受到束缚？不是共产党缉拿我。不是共产党把我囚禁了17年。”
“捍卫自由的人（便是捉拿和囚禁我的人）.......因此基本人权是看由谁来讲它。我们确实不能否认在战场上，在任何纠纷中，这类似的事会发生。整体而言，我们必须公正。没有人权的情形也会在任何地方出现。”
赛扎哈里不只是在《1960年内安法令》下被囚禁了17个年头，也曾在1961年因为发动示威运动来阻止巫统收购《马来前锋报》而被禁止入境马来西亚。直到30年后，1989年，也就是在前首相马哈迪执政的时期，才被允许入境。
1955年华玲会谈注定失败
扎哈里坚持东姑无意谈和
作者／本刊林宏祥 Dec 31, 2009 04:09:13 pm
【本刊林宏祥撰述/朱君明翻译】假设《1989年合艾和平协议》提早在34年前，即1955年的华玲和谈上就达成，那现在又将会是怎样的一个局面？
的确，在历史中揣作任何的“假设”无疑是太迟了。发生的已经发生了。然而，如果钻研历史的目的是以史为鉴，历史就不该只是胜者或掌权者的“语言”。
一直以来，身为马共总书记的陈平独自背负历史的包袱，并受千夫所指为“不愿意缴械停战”。凡读过陈平回忆录——《我方的历史》的人或会认为，当时的新加坡总督（首席部长）大卫玛沙（大卫马绍尔，David Marshall）在华玲会谈中的挑衅态度，也许是导致这场谈判失败的（主要）因素。
当年以27岁之龄，以记者的身份在华玲现场进行采访工作的赛扎哈里（Said Zahari，右图）遂以自己的观察来分析这起历史事件。这位《马来前锋报》（Utusan Melayu）的前总编辑，在其回忆录——《人间正道》中，揭露当年埋藏在脑海中的记忆。
东姑：我不曾希望它成功
在第44章节中，赛扎哈里记载了当年他身为《马来前锋报》的记者，在华玲采访的经历。他当时为了获得独家新闻，而有机会在记者会开始之前向东姑阿都拉曼（Tunku Abdul Rahman）提出一道问题。
这唯一一道问题是这样的：“东姑（左图）会否因为这一次的谈判失败，而感到遗憾？”东姑当时不经思考便回答道：“不，我不，我不曾希望它成功。（No, I am not. I never wanted it to be a success."）
无论如何，东姑这简单的回答，在当时东姑身边的巫统宣传组成员赛嘉化阿巴（Syed Jaafar Albar）的“劝告”下，不得被刊登。
在前天和《独立新闻在线》的访谈中，赛扎哈里依旧坚持己见，那就是东姑根本不想与陈平解决此事。因为对于东姑而言，陈平的问题是应该由英国人来解决，而不是马来亚政府。
“陈平当时有意停止战争”
赛扎哈里透露：“事实上陈平要在当时停止战争。在1989年协议中的各项目，其实早就可以在1955年达成。是的！一样的东西，不过东姑不要......因此他说道‘我确实是不要解决。’这就是证据。”
如果东姑想和陈平会面，却不肯和这位共产党的首领解决问题，那他的脑子里到底在想着什么？这位报界的前辈分析这一场华玲和谈说道，从政治布局的角度来说，东姑阿都拉曼和陈平双方都获得了双赢的成效。
他解释道：“东姑要证明陈平被迫来见我东姑阿都拉曼，而不是英国人；而陈平则要证明东姑阿都拉曼愿意见他，即便他是马共的首领。”
他继续把这现象解释为两人之间在政治上互相‘利用’，“因此，你赢一次，我赢一次。”
《独立新闻在线》记者问道：“如果不是和陈平一同解决问题，那这一次的和谈对东姑的一方有什么好处？”
赛扎哈里干脆利落地回答道：“宣传。因为他（东姑）不只是受到人民承认的领袖，同时也受到陈平的承认。陈平在和谈会议上亲口说道：‘我和东姑相见是因为我承认东姑是民选的领袖。’这已经足够了。”
会谈没有受到英国人的认可
不过，若是东姑成功地和陈平解决这问题，那东姑岂不是创造了更伟大的历史？
他解析道：“事实上，东姑在1955年和陈平的会谈并没有受到英国人的认可。英国人确实不想东姑会见陈平。因为英国人害怕（东姑）会见陈平之后，东姑会承认马共的存在。另外，东姑会见陈平，也就意味着陈平必须和东姑谈判，而不是英国人。”
他继续说道：“东姑利用陈平向英方展示‘我敢会见陈平’。英国人不敢让东姑和陈平见面。他怕陈平的政治手段更高明、更强劲、更机巧......而东姑是一名绅士，在政治上也持有较保守的作风。”
不过，赛扎哈里相信英国人其实早已为东姑和陈平之间的会谈设下了条件。“因为英国人已经作出警告，虽然没有真凭实据，不过我相信，（英国人对东姑说）‘你不能解决这问题，你不要和陈平达成任何协议。’”
假设情况果真如此，那为何英国人又无法阻止东姑和陈平之间的会面？
回到东姑的政治布局，赛扎哈里分析道：“对东姑而言，和陈平一同解决问题本来就是英国人的事。他（东姑）正在为争取独立而奋斗。他要利用陈平。（东姑也许是要告诉英国人）我可以和陈平合作。我们可以一同对抗你，如果你不给我（独立）。”
东姑和陈平二选一？
赛扎哈里表示：“我相信东姑在伦敦的时候一定会跟英国人这么说：你要我，或你要陈平，或你要陈平和我？”
他继续分析道：“你给我（独立）或给陈平。由你来决定。不过，如果你给我，那你将安全一些。我想，仅仅在这份上，英国人被迫（让东姑获得独立）。”
这一位《马来前锋报》的前总编辑总结道，虽然是由东姑的一方争取到独立，但其实（英国人受到的）压力是来自马共的一方。
记者马上提问：“是因为武装抗争？”
赛伯伯答道：“是。英国人已经无力继续战争，代价太昂贵了。”
这便是这一位报界前辈对我国历史和马共战斗史的观察与分析。这也清楚地告诉读者，为什么赛扎哈里作出“陈平是马来亚土著”和“应该以人道的方式对待马共，这个曾帮助我国争取到独立的武装组织”的言论。
附：后记 在曼谷会见陈平
1999年3月底，我以马来西亚国民大学（国大）客卿作家的身份，跟马来亚大学的佐摩教授一起受邀出席在泰国曼谷朱拉隆功大学举行的《政治与经济全球化》研讨会。于是，我利用这个机会，安排会见马来亚共产党总书记陈平。我获知他那时也在曼谷。
我在1996年成为国大的客卿作家后，其实就一直想会见陈平，主要用意是了解他对我的政治回忆录的其中一章内容的看法。我在那一章里头谈到五十年代末马共在新加坡的“政策”问题。
有关的这一章分析了“统一战线”的政策。据称马共要跟人民行动党组织由李光耀总理领导的“统一战线”。这个统一战线本来是要对抗殖民主义的。
“反殖统一战线”计划所凸现的一个人物是方壮璧，他是新加坡马共的高级领导，李光耀给了他一个称呼，叫“全权代表”，算是马共的密使。他在那些年中秘密会见李光耀，跟他“共商大计”。
我第一次见到陈平是在44年前，在吉打的华玲。他当时约30岁，我约27岁。陈平冒着生命危险，跟两位左右手，高级马共领袖拉昔-迈汀和陈田，走出森林跟东姑在会谈。这场在1955年12月进行的著名“华玲和谈”却宣告失败。我以《马来前锋报》记者的身份到华玲去采访这场“和谈”（参阅《人间正道》第44章- -采访华玲和谈）。
我在1999年3月23日下午二时抵达朱拉隆功大学的维哈雅尼维斯宾馆。陈平就在那儿等我。我马上就认出他。没错，他的确是陈平！当我走向他时，他站起来，伸出手跟我握手，说：“赛-扎哈利兄弟，你好！”陈平笑容满面问候我。他的马来文棒极了，毫无语病。然后，他改用华语，说我一直还是那个老样子。佐摩博士在几个月前在澳洲的一项政治研讨会上见过陈平。
陈平在报章和杂志看过我的照片很多次，尤其是在1961年爆发《马来前锋报》工潮，我从马来亚被驱逐回新加坡之后，继而又在1963年“冷藏行动”下被捕，然后是在1979年从监牢放出来，被放逐到乌敏岛。
当我告诉他说我在1999年5月18日将届71岁时，陈平微笑，慢慢摇着头，用华语说：“看不出，看不出。”然后，他又加上一句：“赛-扎哈利兄弟，你看来五十多，对，五十多。”
我开怀大笑，以致我手上协助支撑脚力的拐杖竟溜掉到地上去。站在我左边的佐摩教授，笑着帮我拾起拐杖。我拍拍陈平的肩膀，用华语回答：“谢谢，谢谢，陈平兄，你看起来也比你的年龄（74岁）年轻得多。”他闪亮的眼睛反映出他愉快的笑容。
然后，我们走到宾馆的咖啡厅用茶点。一会儿后，佐摩教授起身去向宾馆登记，再向研讨会报到。陈平和我继续纵情说说笑笑。在他离开我们第一次会面的大学宾馆前，我邀请陈平第二天跟我一同进早餐和午餐。
马共总书记，前游击队司令和四、五十年代英国殖民主义者的第一号敌人非常准时。他早餐准八点到。我们继续交谈，从前一天完结处继续，一直到午餐时间。午餐后，我问陈平他是否要午睡。陈平回答说不需要，他用渗杂爪哇语的马来语说：“我喜欢跟你摆龙门阵。”
当我开始触及新加坡在五十至六十年代初的政治时，陈平在椅子上移动一下身子，喝完杯子剩余的茶，以期待的语气说：“赛兄弟，你要跟我谈你对‘全权代表’所扮演的角色的批判。请说吧，我很想听。”
我开始告诉陈平我已经为马来西亚国民大学（国大）写完我的政治回忆简录。我告诉他，要跟他讨论的课题，其实已经写好了。所以，就算是在讨论过程中出现新的材料，我也不会更改手稿。
陈平点头赞同，一连好几次，他的眼睛一直看着我。有好几秒的时间，我们是在用眼神交流。我感觉出陈平很急着要听我说些什么。
我简述我写的《新加坡人民党》一章的内容。我说，在1957和1958年，据称“全权代表”秘密会见李光耀好几次，以争取李光耀的合作和同意，跟马共在“统一战线”中一起“对抗”英殖民主义者。在每一次会议中，李光耀都举棋不定，一直设法拖延。最后，李光耀迫使“全权代表”按其本身的要求，指示马绍尔的工人党的一位知名领袖辞掉市议员和退出工人党来证明身份。“全权代表”本身却毫无所得。
一年后，在1959年大选的前夕，“全权代表”又一次向李光耀的要求低头，以证明他对新加坡左翼运动的权威和控制。李光耀要“全权代表”确保没有人民党候选人在大选中获胜。结果的确是如此，全体人民党候选人失掉按柜金。“全权代表”向得意洋洋的李光耀证明了他权威性身份。
陈平深深吸了一口气，一连点了几次头，慢慢的，但眼睛却一直看着我。我继续我的总结。我说，我实在不清楚，也无法知道，“全权代表”是否认为他所做的一切，对本身（和马共?）是一项伟大的胜利。但我说我肯定李光耀一定是认为“全权代表”所做的一切，是李光耀在对付政敌方面所梦想得到的最大胜利。
停顿一会儿，我对陈平说我个人认为那是在出卖新加坡的左派运动，尤其是人民党。陈平木无表情地听我的最后一个句子。他心中想的是什么，那时刻并没有反映在脸上。我然后问，并不期望能获得陈平的什么答复：到底是在什么样的可能基础上，“全权代表”要跟李光耀组织“反殖统一战线”呢？我说，照我的看法，李光耀和他所控制的人民行动党，本质上是反共反民主的。我补充说，实际上，李光耀从来就未曾是反殖斗士。我们都知道，英国殖民主义者本身更是清楚。我说李光耀只是嘴巴反殖，证据是：他和英国和马来西亚的其他反动势力勾结。1963年2月2日，在英殖民政府和东姑领导的马来亚联合邦政府的大力撑腰下，李光耀的人民行动党政府展开臭名昭著的“冷藏行动”，导致整个新加坡左派运动受摧毁和灭亡。
桌上再换上两杯茶。我请陈平喝茶。他应该已经感受到我在讲述那些年代的事件时，表现在脸上的失望和不满。陈平冷静、毫不含糊地发出第一句评语：“你的批评并不是毫无根据。我接受你真诚和坦率的批评。我承认，对于一些问题，我们太过无知和幼稚，就像这个个案中，李光耀当时的政治就是一个例子。”陈平相当全面地向我解释，马共在那些风雨年代中所面对的通讯难题。
忽然，陈平握住我放在桌面上的手，说：“赛-扎哈利兄弟，我求你别把整个责任怪在壮璧肩上。作为马来亚共产党的总书记，我才应该负起全责。而我现在告诉你，我负起这个责任。”
从这句话，我在陈平身上看到一个伟人。他说我很坦率和真诚地批评马共在这个方面的政策。现在我发现，陈平也一样坦率和真诚。更重要的是，陈平作为一名共产党人，他像伟大领袖那样，勇于接受批评和勇于负起责任。在这方面，我向陈平敬礼。
我较早时看到陈平人性的另一面，他问起我的家庭现在和被捕前的情况。我有点勉强地作出回答。当我叙述我的家庭在我17年牢狱生涯中所过的生活时，他显然受到感动。他红着眼，低下头，沉默了好几秒钟，然后叫我向我的妻子致最亲切的问候。
陈平还握着我的手。我对他说我很想在有生之年会见我的新加坡同胞方壮璧，和马共两位最重要的领袖：拉昔-迈汀和阿都拉-西地。阿都拉-西地是马共主席，拉昔-迈汀和方壮璧都是中委。陈平马上答应随时给我作出安排。
陈平于1924年10月生于霹雳的实兆远（Sitiawan）。他在3月26日，我在曼谷的最后一天，又来看我。他在我准备退房时来到我在宾馆的房间。突然，我想起必须在机场付离境税，而我的荷包已经没有了泰铢。我问陈平离境税是多少，以便用马币换成相关的泰铢。陈平拿出他的荷包，取出一张500铢的钞票。他说：“赛，不用换钱了。拿这500铢还机场税。别想那么多了，拿着吧！”
我接过钱，对他说：“陈平，你对我太好了，谢谢你。”
我们握手道别。离开房间前，陈平送我一本纪念特刊，书名是：《马来亚共产党，马来西亚和泰国——结束马来亚共产党武装斗争的终战会谈》，由拿督吉蔕-拉达纳查雅将军著。陈平在会谈中代表马共，于1989年12月2日在宋卡府合艾的蠡园酒店签署三方和约（参阅第45章）。当陈平在书上签名留念时，响起了敲门声。佐摩教授忽然现身，为这么迟才赶到不断道歉，因为我必须在一个小时后抵达机场。在陈平的反对声中，我告诉佐摩机场税的事。这位国际知名的经济教授一面把500铢钞票交给陈平，一面拿我开玩笑，他说：“赛老先生很善忘，他太老了。”我们一起哈哈大笑。
（摘自赛-扎哈利第一部政治回忆录《人间正道》，翻译者赖顺吉。为照顾中国读者的阅读习惯，个别字眼作了必要的更动）
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畅谈陈平回国问题与华玲和平谈判
编者按：赛扎哈利在马来西亚、新加坡和印尼乃至国际上是一位颇有声望的新闻工作者，也是一位坚定的反帝反殖人士。他曾担任马来亚马来协会会长、《马来前锋报》总编辑、新加坡人民党侯任主席。
1961年，由于领导了反对巫统接管《马来前锋报》的工潮，被时任马来亚首相的东姑阿都拉曼下令禁止他进入马来亚内地。
1963年2月2日，由于毫不理会李光耀对他的“关照”，执意与新加坡的反殖爱国人士站在一起，就被李光耀政权以英殖民当局镇压人民的恐怖法令：《内部安全法》，不经审讯，把他关押和拘留了长达17年。
1979年底，在国际和国内舆论的压力下，李光耀政权才被迫释放了这位像中国古代英雄人物文天祥那样一身正气的进步马来文人和新闻工作者。
1989年底，他获得时任马来西亚首相兼内政部长的马哈迪医生批准，以永久居民身份回到马来西亚的吉隆坡定居。从此，他不仅获得了更大的自由活动空间，而且开始呼吸到远比李光耀统治下的新加坡更为新鲜和清新的空气。
迄今为止，赛扎哈利撰写的政治回忆录三部曲的第一部：《人间正道》（Meliti Lautan Bergelora）和第二部：《万千梦魇》(Dalam Ribuan Mimpi Gelisah)，其马来文本、华文本以及英文本已先后问世。他在这两部回忆录里，也毫不讳言地谈到自己对马共及其斗争的看法和意见。
1989年11月底，马共与马来西亚政府和泰王国政府之间签署合艾和平协议之后，他就曾利用于1999年3月底以马来西亚国民大学客卿作家身份前往泰国曼谷出席一个研讨会的机会，会见了他一直想见的马共总书记陈平。随后，他把这次会见经过写成一篇文稿，当作《人间正道》一书的“后记”，收录在他的第一本政治回忆录里。（内容见附录：“在曼谷会见陈平”一文）
赛扎哈利今年已经81岁，身体也不太好，现正在雪兰莪州一家医院养病。在全人类进入2010年前夕，他虽然有病在身，仍然高兴地接受了《独立新闻在线》记者的访问，畅谈他对陈平回国和半个多世纪前举行的华玲和谈等与马共有关的热门话题的看法。现将《独立新闻在线》记者的专访转载于下，以供对马共斗争史及其领袖陈平感兴趣的读者参考：
除非证据证明陈平生于天安门
赛扎哈里：陈平是马来亚土著
作者／本刊林宏祥 Dec 29, 2009 01:11:38 pm
【本刊林宏祥撰述/朱君明翻译】“陈平在马来亚土地上诞生。他在一个地方出世，那个地方叫做实兆远（Setiawan）。实兆远是马来亚领土的一部分。如果他在马来亚的土地上出生，那他就是马来亚土著......”
这便是关于马来亚共产党总书记陈平回马课题的最有力陈述，它出自《马来前锋报》（Utusan Melayu）前总编辑赛扎哈里（Said Zahari）之口。
对这一位新闻界的领袖而言，根本不存在陈平能不能够回来的问题。赛扎哈里（右图）坚决地表示：“陈平拥有回来的权利，而不是能不能的问题。从法律的角度而言，没有任何一个人能够说陈平没有权利回来。陈平的祖国不是中国大陆，不是台湾，不是香港，而是实兆远。”
当《独立新闻在线》的记者为了获得确切的答案而问道：“土著？”赛扎哈里没有丝毫迟疑地答道：“是！无论世上哪一个国家的法律（都注明），你在哪里出生，那里便是你的祖国。”
赛扎哈里举例道，比方说他本身出生于吉隆坡，而陈平则出生于实兆远，“......两地皆属于马来亚领土。我是这块土地上的土著，那为什么陈平却不是土著呢？如果他的爷爷不是土著那我就没有异议，不过.......（不赞同陈平的国民身份遭到抹杀）”
这一位常被人们称作赛伯伯的扎哈里笑笑补充：“重要的是，如果他们（反对陈平回国的人）有证据证明陈平不是出生于实兆远，而是出身（生）于天安门，那就另当别论。”
陈平的签名受承认
赛扎哈里接着以政府和陈平谈判的《华玲和谈》和《合艾和平协议》来巩固其论说及推翻陈平没有出生纸的说法，并指这两次的协议足以证明陈平的公民身份。
“1955年，当马来亚政府在要和陈平、拉昔迈丁（Rashid Maidin）、陈田进行谈判，当时我也在场。这已经说明了我们已经承认他们是为了某一些事情而斗争的马来亚公民。另外，《1989年合艾和平协议》更是大的证据。”
他提问道：“你们（反对陈平回国的人）到底还要什么？如果你们接受了可给马来亚人民带来和平的陈平的签名，那你们还要什么证据？为何你们还要坚持他不是我国人民？我们已经变得专制......”
赛扎哈里解释道，《联邦宪法》的普通条文和《合艾和平协议》的特殊记载已经很好地诠释了陈平的“权力”（权利）。《合艾和平协议》是在马共、马来亚政府及泰国政府三方之间签署的，以允许马共党员在缴械后回到马来西亚。
无论如何，陈平的回国心愿还是在我国首相纳吉和副首相慕尤丁的公开表态拒绝后，暂时无法得偿。这个课题在一部分退休军人促请政府拒绝让陈平踏足马来西亚后，更被炒得火火红红。
1955年，当时才27岁的赛扎哈里，曾在华玲采访马共和后来的我国首任首相东姑阿都拉曼之间的历史性谈判。
这位前总编辑也曾是1961年，反对《前锋报》遭巫统收购的示威运动的领袖。除此，他还曾在《1960年内安法令》下，被扣留长达17年。今年81岁的他，昨天在雪兰莪州一家医院接受《独立新闻在线》记者访问时，分享了他对陈平回国课题的看法。
陈平比巫统“爱国者”更爱国
赛扎哈里：不是马共关我17年
作者／本刊林宏祥 Dec 30, 2009 07:18:45 pm
【本刊林宏祥撰述/朱君明翻译】“历史文盲”常被用来标签那些尝试赞同让马来亚共产党总书记陈平回国的新生代。与此同时，那些准备基于“人道”立场而网开一面的人，反遭受争议--“不人道的陈平”是否应当受到“人道”的对待？
虽然如此，前《马来前锋报》（Utusan Melayu）总编辑赛扎哈里（Said Zahari，右图）坚决认为，陈平有权回到他的祖国马来西亚。这位报界的前辈在27岁的时候亲临现场，亲眼见证1955年华玲和谈。
他意识到，陈平回国的课题并不是“能或否”的问题，而是一个人民的“基本人权”不能被任何人否决。陈平的这个权利早已写在马来西亚政府签署的《1989年合艾和平协议》中。
无论如何，赛扎哈里在昨晚接受《独立新闻在线》访问时，愿意挺身和大家分析反对陈平回国的论点，并提出他关于此课题的见解，以让民众有多一个角度来评价我国的历史。
继承殖民者的思维
其中一个情感上的说法是，在紧急状态时期遭到杀害的受害者或其家属的心灵受创至深，因此，他们对陈平的回国感到愤怒。再者，陈平或马共便（并）没有被承认是我国争取独立的斗士，反之，被标签为“恐怖分子”，因为在1957年我国独立以后，他们仍然持着武器，继续进行他们的斗争。
尽管如此，赛扎哈里还是和我们回顾了一些常为人所忽略或匆匆翻过的历史往事。他分析道，那一些人士拒绝让陈平回国，是因为他们一直认为陈平和其追随者曾经对人民残暴不仁。其实，这一些人是继承了殖民者的思维。
“......他们认为杀戮等凶残行为并不是马来西亚人的文化。”他继续道：“所以，其实他们是继承了殖民者遗留下来的如斯观点。殖民者认为陈平和马共是暴徒，是与民为敌的政党。这些都是殖民者的观点。而他们（反对陈平回国的人）则继承了这样的观点。”
同时，赛扎哈里也追忆道，当年马共极力地对抗外国殖民者，亦曾和英军携手驱逐日军。在日军投降以后，又重新投入与英殖民政府的对抗。
“向侵略者发动战争并不是新鲜的事。从我国历史中，我们得知人民如何抵抗英国的侵略......督江谷（Tok Janggut）、巴哈曼（Bahaman）、末吉劳（Mat Kilau)之战役......都可在历史中找到。虽然未必是很庞大的战役......但一小撮一小撮对抗外来势力是肯定有的。”
“从历史角度来看，不愿受外人统治已经成为了马来领土（Tanah Melayu）子民的一种文化。因此，到了日侵时代，日本来侵略。当英国人被打败后，人民便寻求团结一致的方法以对抗日本。以前我们要驱逐英国人，现在轮到日本人掌权，我们对抗日本人。接着日本输了，英国人又卷土重来。”尽管不过为一段被简略叙述的历史，但足以让我们看到先辈们为了对抗外敌而不分种族肤色地抛头颅、洒热血。”
“我不射你，你就会射我”
赛扎哈里明白有些人是因为个人因素而有此反应，例如有亲人在紧急状态时期受到伤害乃至被杀害，但那个时期是殖民时期，对抗外敌的战事也在进行中。
“那是战争。在战争中，如果我不射你，你就会射我。如果你不杀我，我就杀你。因为我们在战争当中。无论是谁，一旦投身军队以后，就必须想到有这个可能。这个可能将会发生在任何人的身上。”
因此，那些在维（保）安部队（pasukan keselamatan）中服务的人，皆被视为对抗马共的殖民者警察或军人。赛扎哈里回忆说：“当一公布进入紧急状态，也就是说向马共宣战。战争便开始了。”
其实，在这一个小时的访谈中，赛扎哈里曾数次强调“杀”与“被杀”，其实也是战争中的“家常便饭”。
“如果在维（保）安部队，因对抗共产党而在战役中丧生......在那个年代，一方势力和另一方势力作战。在战争中，必有伤亡，必有杀戮。”
他反问道：“为什么只计算军队、维（保）安部队的伤亡人数和折断的腿，对另外一方却不闻不问？谁（马共方）折断了腿？谁（马共方）丧生了？为什么没有听说过？”
因此，赛扎哈里也打蛇随棍上，解释道，应该更宏观地诠释“人道”，各方都应受到“人道”的眷顾。“......对于共产党的死者，到底有没有人道？是不是共产党员就不是人？”
政府迫使马共继续斗争
假设在以上段落中所说的人士在殖民时代（期）牺牲了，而战争在1957年，马来西亚独立以后仍然被持续着，那当时候的陈平和马共整体普遍是怎么想的？
赛扎哈里感慨道：“马共已经在与殖民者斗争中扮演了重要的角色，却没有被授予应有的荣誉。马共也没有要求什么。敬重或承认我们（马共）也有为对抗殖民者出过力。这（事实）他们（马来亚政府）不承认。”
“因此，当马共没有受到承认，这也意味着他们（马来亚政府）要马共继续他们的斗争.....”
他补充道：“也就是说共产党人没有受到重视，没有被考量到。没有贡献。这就是问题。所以，马共继续他们的斗争。”
“（马共）只是要求受到珍惜（尊重）及承认我们一同对抗过殖民者，我们一同对抗英国人。不过，巫统的保守分子都不承认这一切。好像就只有他们（巫统）争取到独立。这就是差别。历史的真实不能被否认。不过现在的历史学家都在尝试掩盖这一些。”
当记者抛出一个可能，即有者或会认为，“承认马共贡献之事太琐碎”，不足以成为继续武装斗争的理由，导致无数人民伤亡。
扎哈里答道：“平民牺牲了......确实是那样。我想，如果我们比较一下平民、跟随作战者、政府军队和共产党军队，共产党军队牺牲的人数比起政府军队的还要多。如果政府要显示跛脚的人，把照片刊登在报纸上...有多少共产党军人被杀死、被问吊、被拖扯以及其他......那些东西没有被报道。我们试图隐瞒历史的一部分。”
马共和政府皆有责任
赛扎哈里赞成平息战乱失败的责任不应该只由马共一方或陈平来承担。政府也有责任为了人民的安宁而停止战斗。
当被询及有的人认为陈平（右图）斗争是为了提倡共产思想及在马来领土上建立一个秉持共产主义的政府是一项错误的行为及与我国国情不符，因为共产主义也提倡无神论。赛扎哈里在参考了马共宣言后承认道：“马共是要成立一个苏维艾（埃）国家，也就是尊奉马列主义的国家。”
“这是政治理念。也有的人提倡‘法国革命’。他要成立一个共和国。他拿起武器及投入战争。在这样形式的战争中，杀或被杀，都是战争的一部分。”
接着，他以印尼共产党（PKI）为例指出：“它的追随者并非全都是华人，还有一大部分是印尼人，不仅仅是印尼人，有的还是信仰强烈的回教徒。”
赛扎哈里也纠正了“马共只是由华人组成”这普遍观点，并谴责这是英国人当年指只有华人对抗日本人而大肆宣传的。
“不过，人们所不知的，很多人不知道的，不只是马共对抗日本人，也不只有马共在对抗英国人。马共被诠释为由华人组成的马共。事实上在马共当中就有很多马来子弟。也有许多规模不大的组织对抗殖民势力、对抗日本。”
他继续说道：“因此，如果我们从历史角度来看，确实很多人不知道，因为英国人不要人民知道对抗日本人，对抗英国人的还有马来人以及所有人民。”
赛扎哈里透露，马共的第十路军队大部分的成员是马来人，以及马来领袖如拉昔迈丁（Rashid Maidin）、阿都拉是西迪（Abdullah CD）也是马共中的重量级领袖，不过陈平比较被突显为最高领导人，以便把马共与华人连为一体。
只因陈平是华人...
可是，在我国从英国人的手中争取到独立之后，这种情况依然在持续着。也许陈平被标签为“暴徒”（ikon kekejaman）这件事，是赛扎哈里的心头憾事。
“陈平本身是马来土地之子.....这没错，他是马来土地之子（anak Tanah Melayu）。大部分马共的成员是马来土地之子。阿都拉西迪是马来土地之子，拉昔迈丁是马来土地之子......珊西娅法姬（Shamsiah Fakeh）不只是马来土地之子，她还是宗教中人。”
赛扎哈里说道：“不过，当宣布紧急状态的时候，就只有马共和政府之间的战争。故在马共内，没有你是马来人，或你是华人的问题存在......如果你阅读阿都拉西迪的著作，他们曾杀了多少人？为何他们没有像陈平那样受到指责？为什么你们只选择陈平，指他为‘暴徒’？”
“答案是陈平是华人，炎黄子孙。而这对马来西亚来说是危险及不好的。”
他感叹道：“今天这样是不应该发生的，因为陈平，如果我要见陈平......我认识陈平。我曾多次和他会面。我记得，我是第一个在华玲和谈会议上见到陈平的记者，接着就是在曼谷。”
“陈平比较爱国”
“我想，陈平比那些大喊大叫的人，包括巫统党员和其他自认为爱国者的人还要爱国，因为他不是为了其他东西而斗争。他在马来西亚斗争，没错是为了提倡共产苏维埃共和国。那是一种政治制度。纵使他知道他将无法获得胜利，但是他依然坚持这个斗争。”
接着，记者还替那些认为陈平没有权力（利）回国的人提出一道问题，因为据说共产主义信仰者在他们的斗争事业中是不承认基本人权的。
赛伯伯迅速地回答道：“难道我们现在就承认了真正的人权吗？许多基本人权被否定了。有许多（限制）新闻自由的法令，《内安法令》，基本人权已经不复存在。”
“我就是这些基本人权底下的受害者。你将如何解说我的基本人权受到束缚？不是共产党缉拿我。不是共产党把我囚禁了17年。”
“捍卫自由的人（便是捉拿和囚禁我的人）.......因此基本人权是看由谁来讲它。我们确实不能否认在战场上，在任何纠纷中，这类似的事会发生。整体而言，我们必须公正。没有人权的情形也会在任何地方出现。”
赛扎哈里不只是在《1960年内安法令》下被囚禁了17个年头，也曾在1961年因为发动示威运动来阻止巫统收购《马来前锋报》而被禁止入境马来西亚。直到30年后，1989年，也就是在前首相马哈迪执政的时期，才被允许入境。
1955年华玲会谈注定失败
扎哈里坚持东姑无意谈和
作者／本刊林宏祥 Dec 31, 2009 04:09:13 pm
【本刊林宏祥撰述/朱君明翻译】假设《1989年合艾和平协议》提早在34年前，即1955年的华玲和谈上就达成，那现在又将会是怎样的一个局面？
的确，在历史中揣作任何的“假设”无疑是太迟了。发生的已经发生了。然而，如果钻研历史的目的是以史为鉴，历史就不该只是胜者或掌权者的“语言”。
一直以来，身为马共总书记的陈平独自背负历史的包袱，并受千夫所指为“不愿意缴械停战”。凡读过陈平回忆录——《我方的历史》的人或会认为，当时的新加坡总督（首席部长）大卫玛沙（大卫马绍尔，David Marshall）在华玲会谈中的挑衅态度，也许是导致这场谈判失败的（主要）因素。
当年以27岁之龄，以记者的身份在华玲现场进行采访工作的赛扎哈里（Said Zahari，右图）遂以自己的观察来分析这起历史事件。这位《马来前锋报》（Utusan Melayu）的前总编辑，在其回忆录——《人间正道》中，揭露当年埋藏在脑海中的记忆。
东姑：我不曾希望它成功
在第44章节中，赛扎哈里记载了当年他身为《马来前锋报》的记者，在华玲采访的经历。他当时为了获得独家新闻，而有机会在记者会开始之前向东姑阿都拉曼（Tunku Abdul Rahman）提出一道问题。
这唯一一道问题是这样的：“东姑（左图）会否因为这一次的谈判失败，而感到遗憾？”东姑当时不经思考便回答道：“不，我不，我不曾希望它成功。（No, I am not. I never wanted it to be a success."）
无论如何，东姑这简单的回答，在当时东姑身边的巫统宣传组成员赛嘉化阿巴（Syed Jaafar Albar）的“劝告”下，不得被刊登。
在前天和《独立新闻在线》的访谈中，赛扎哈里依旧坚持己见，那就是东姑根本不想与陈平解决此事。因为对于东姑而言，陈平的问题是应该由英国人来解决，而不是马来亚政府。
“陈平当时有意停止战争”
赛扎哈里透露：“事实上陈平要在当时停止战争。在1989年协议中的各项目，其实早就可以在1955年达成。是的！一样的东西，不过东姑不要......因此他说道‘我确实是不要解决。’这就是证据。”
如果东姑想和陈平会面，却不肯和这位共产党的首领解决问题，那他的脑子里到底在想着什么？这位报界的前辈分析这一场华玲和谈说道，从政治布局的角度来说，东姑阿都拉曼和陈平双方都获得了双赢的成效。
他解释道：“东姑要证明陈平被迫来见我东姑阿都拉曼，而不是英国人；而陈平则要证明东姑阿都拉曼愿意见他，即便他是马共的首领。”
他继续把这现象解释为两人之间在政治上互相‘利用’，“因此，你赢一次，我赢一次。”
《独立新闻在线》记者问道：“如果不是和陈平一同解决问题，那这一次的和谈对东姑的一方有什么好处？”
赛扎哈里干脆利落地回答道：“宣传。因为他（东姑）不只是受到人民承认的领袖，同时也受到陈平的承认。陈平在和谈会议上亲口说道：‘我和东姑相见是因为我承认东姑是民选的领袖。’这已经足够了。”
会谈没有受到英国人的认可
不过，若是东姑成功地和陈平解决这问题，那东姑岂不是创造了更伟大的历史？
他解析道：“事实上，东姑在1955年和陈平的会谈并没有受到英国人的认可。英国人确实不想东姑会见陈平。因为英国人害怕（东姑）会见陈平之后，东姑会承认马共的存在。另外，东姑会见陈平，也就意味着陈平必须和东姑谈判，而不是英国人。”
他继续说道：“东姑利用陈平向英方展示‘我敢会见陈平’。英国人不敢让东姑和陈平见面。他怕陈平的政治手段更高明、更强劲、更机巧......而东姑是一名绅士，在政治上也持有较保守的作风。”
不过，赛扎哈里相信英国人其实早已为东姑和陈平之间的会谈设下了条件。“因为英国人已经作出警告，虽然没有真凭实据，不过我相信，（英国人对东姑说）‘你不能解决这问题，你不要和陈平达成任何协议。’”
假设情况果真如此，那为何英国人又无法阻止东姑和陈平之间的会面？
回到东姑的政治布局，赛扎哈里分析道：“对东姑而言，和陈平一同解决问题本来就是英国人的事。他（东姑）正在为争取独立而奋斗。他要利用陈平。（东姑也许是要告诉英国人）我可以和陈平合作。我们可以一同对抗你，如果你不给我（独立）。”
东姑和陈平二选一？
赛扎哈里表示：“我相信东姑在伦敦的时候一定会跟英国人这么说：你要我，或你要陈平，或你要陈平和我？”
他继续分析道：“你给我（独立）或给陈平。由你来决定。不过，如果你给我，那你将安全一些。我想，仅仅在这份上，英国人被迫（让东姑获得独立）。”
这一位《马来前锋报》的前总编辑总结道，虽然是由东姑的一方争取到独立，但其实（英国人受到的）压力是来自马共的一方。
记者马上提问：“是因为武装抗争？”
赛伯伯答道：“是。英国人已经无力继续战争，代价太昂贵了。”
这便是这一位报界前辈对我国历史和马共战斗史的观察与分析。这也清楚地告诉读者，为什么赛扎哈里作出“陈平是马来亚土著”和“应该以人道的方式对待马共，这个曾帮助我国争取到独立的武装组织”的言论。
附：后记 在曼谷会见陈平
1999年3月底，我以马来西亚国民大学（国大）客卿作家的身份，跟马来亚大学的佐摩教授一起受邀出席在泰国曼谷朱拉隆功大学举行的《政治与经济全球化》研讨会。于是，我利用这个机会，安排会见马来亚共产党总书记陈平。我获知他那时也在曼谷。
我在1996年成为国大的客卿作家后，其实就一直想会见陈平，主要用意是了解他对我的政治回忆录的其中一章内容的看法。我在那一章里头谈到五十年代末马共在新加坡的“政策”问题。
有关的这一章分析了“统一战线”的政策。据称马共要跟人民行动党组织由李光耀总理领导的“统一战线”。这个统一战线本来是要对抗殖民主义的。
“反殖统一战线”计划所凸现的一个人物是方壮璧，他是新加坡马共的高级领导，李光耀给了他一个称呼，叫“全权代表”，算是马共的密使。他在那些年中秘密会见李光耀，跟他“共商大计”。
我第一次见到陈平是在44年前，在吉打的华玲。他当时约30岁，我约27岁。陈平冒着生命危险，跟两位左右手，高级马共领袖拉昔-迈汀和陈田，走出森林跟东姑在会谈。这场在1955年12月进行的著名“华玲和谈”却宣告失败。我以《马来前锋报》记者的身份到华玲去采访这场“和谈”（参阅《人间正道》第44章- -采访华玲和谈）。
我在1999年3月23日下午二时抵达朱拉隆功大学的维哈雅尼维斯宾馆。陈平就在那儿等我。我马上就认出他。没错，他的确是陈平！当我走向他时，他站起来，伸出手跟我握手，说：“赛-扎哈利兄弟，你好！”陈平笑容满面问候我。他的马来文棒极了，毫无语病。然后，他改用华语，说我一直还是那个老样子。佐摩博士在几个月前在澳洲的一项政治研讨会上见过陈平。
陈平在报章和杂志看过我的照片很多次，尤其是在1961年爆发《马来前锋报》工潮，我从马来亚被驱逐回新加坡之后，继而又在1963年“冷藏行动”下被捕，然后是在1979年从监牢放出来，被放逐到乌敏岛。
当我告诉他说我在1999年5月18日将届71岁时，陈平微笑，慢慢摇着头，用华语说：“看不出，看不出。”然后，他又加上一句：“赛-扎哈利兄弟，你看来五十多，对，五十多。”
我开怀大笑，以致我手上协助支撑脚力的拐杖竟溜掉到地上去。站在我左边的佐摩教授，笑着帮我拾起拐杖。我拍拍陈平的肩膀，用华语回答：“谢谢，谢谢，陈平兄，你看起来也比你的年龄（74岁）年轻得多。”他闪亮的眼睛反映出他愉快的笑容。
然后，我们走到宾馆的咖啡厅用茶点。一会儿后，佐摩教授起身去向宾馆登记，再向研讨会报到。陈平和我继续纵情说说笑笑。在他离开我们第一次会面的大学宾馆前，我邀请陈平第二天跟我一同进早餐和午餐。
马共总书记，前游击队司令和四、五十年代英国殖民主义者的第一号敌人非常准时。他早餐准八点到。我们继续交谈，从前一天完结处继续，一直到午餐时间。午餐后，我问陈平他是否要午睡。陈平回答说不需要，他用渗杂爪哇语的马来语说：“我喜欢跟你摆龙门阵。”
当我开始触及新加坡在五十至六十年代初的政治时，陈平在椅子上移动一下身子，喝完杯子剩余的茶，以期待的语气说：“赛兄弟，你要跟我谈你对‘全权代表’所扮演的角色的批判。请说吧，我很想听。”
我开始告诉陈平我已经为马来西亚国民大学（国大）写完我的政治回忆简录。我告诉他，要跟他讨论的课题，其实已经写好了。所以，就算是在讨论过程中出现新的材料，我也不会更改手稿。
陈平点头赞同，一连好几次，他的眼睛一直看着我。有好几秒的时间，我们是在用眼神交流。我感觉出陈平很急着要听我说些什么。
我简述我写的《新加坡人民党》一章的内容。我说，在1957和1958年，据称“全权代表”秘密会见李光耀好几次，以争取李光耀的合作和同意，跟马共在“统一战线”中一起“对抗”英殖民主义者。在每一次会议中，李光耀都举棋不定，一直设法拖延。最后，李光耀迫使“全权代表”按其本身的要求，指示马绍尔的工人党的一位知名领袖辞掉市议员和退出工人党来证明身份。“全权代表”本身却毫无所得。
一年后，在1959年大选的前夕，“全权代表”又一次向李光耀的要求低头，以证明他对新加坡左翼运动的权威和控制。李光耀要“全权代表”确保没有人民党候选人在大选中获胜。结果的确是如此，全体人民党候选人失掉按柜金。“全权代表”向得意洋洋的李光耀证明了他权威性身份。
陈平深深吸了一口气，一连点了几次头，慢慢的，但眼睛却一直看着我。我继续我的总结。我说，我实在不清楚，也无法知道，“全权代表”是否认为他所做的一切，对本身（和马共?）是一项伟大的胜利。但我说我肯定李光耀一定是认为“全权代表”所做的一切，是李光耀在对付政敌方面所梦想得到的最大胜利。
停顿一会儿，我对陈平说我个人认为那是在出卖新加坡的左派运动，尤其是人民党。陈平木无表情地听我的最后一个句子。他心中想的是什么，那时刻并没有反映在脸上。我然后问，并不期望能获得陈平的什么答复：到底是在什么样的可能基础上，“全权代表”要跟李光耀组织“反殖统一战线”呢？我说，照我的看法，李光耀和他所控制的人民行动党，本质上是反共反民主的。我补充说，实际上，李光耀从来就未曾是反殖斗士。我们都知道，英国殖民主义者本身更是清楚。我说李光耀只是嘴巴反殖，证据是：他和英国和马来西亚的其他反动势力勾结。1963年2月2日，在英殖民政府和东姑领导的马来亚联合邦政府的大力撑腰下，李光耀的人民行动党政府展开臭名昭著的“冷藏行动”，导致整个新加坡左派运动受摧毁和灭亡。
桌上再换上两杯茶。我请陈平喝茶。他应该已经感受到我在讲述那些年代的事件时，表现在脸上的失望和不满。陈平冷静、毫不含糊地发出第一句评语：“你的批评并不是毫无根据。我接受你真诚和坦率的批评。我承认，对于一些问题，我们太过无知和幼稚，就像这个个案中，李光耀当时的政治就是一个例子。”陈平相当全面地向我解释，马共在那些风雨年代中所面对的通讯难题。
忽然，陈平握住我放在桌面上的手，说：“赛-扎哈利兄弟，我求你别把整个责任怪在壮璧肩上。作为马来亚共产党的总书记，我才应该负起全责。而我现在告诉你，我负起这个责任。”
从这句话，我在陈平身上看到一个伟人。他说我很坦率和真诚地批评马共在这个方面的政策。现在我发现，陈平也一样坦率和真诚。更重要的是，陈平作为一名共产党人，他像伟大领袖那样，勇于接受批评和勇于负起责任。在这方面，我向陈平敬礼。
我较早时看到陈平人性的另一面，他问起我的家庭现在和被捕前的情况。我有点勉强地作出回答。当我叙述我的家庭在我17年牢狱生涯中所过的生活时，他显然受到感动。他红着眼，低下头，沉默了好几秒钟，然后叫我向我的妻子致最亲切的问候。
陈平还握着我的手。我对他说我很想在有生之年会见我的新加坡同胞方壮璧，和马共两位最重要的领袖：拉昔-迈汀和阿都拉-西地。阿都拉-西地是马共主席，拉昔-迈汀和方壮璧都是中委。陈平马上答应随时给我作出安排。
陈平于1924年10月生于霹雳的实兆远（Sitiawan）。他在3月26日，我在曼谷的最后一天，又来看我。他在我准备退房时来到我在宾馆的房间。突然，我想起必须在机场付离境税，而我的荷包已经没有了泰铢。我问陈平离境税是多少，以便用马币换成相关的泰铢。陈平拿出他的荷包，取出一张500铢的钞票。他说：“赛，不用换钱了。拿这500铢还机场税。别想那么多了，拿着吧！”
我接过钱，对他说：“陈平，你对我太好了，谢谢你。”
我们握手道别。离开房间前，陈平送我一本纪念特刊，书名是：《马来亚共产党，马来西亚和泰国——结束马来亚共产党武装斗争的终战会谈》，由拿督吉蔕-拉达纳查雅将军著。陈平在会谈中代表马共，于1989年12月2日在宋卡府合艾的蠡园酒店签署三方和约（参阅第45章）。当陈平在书上签名留念时，响起了敲门声。佐摩教授忽然现身，为这么迟才赶到不断道歉，因为我必须在一个小时后抵达机场。在陈平的反对声中，我告诉佐摩机场税的事。这位国际知名的经济教授一面把500铢钞票交给陈平，一面拿我开玩笑，他说：“赛老先生很善忘，他太老了。”我们一起哈哈大笑。
（摘自赛-扎哈利第一部政治回忆录《人间正道》，翻译者赖顺吉。为照顾中国读者的阅读习惯，个别字眼作了必要的更动）
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反殖爱国人士与杰出的妇运领袖 陈 蒙 鹤
石君-泰永编辑
1.她，作为新加坡马大社会主义俱乐部六君子之一
陈蒙鹤—Linda Chen
也许在文集中简介马大社会主义俱乐部的先驱人物时，当中应包括一位女性。在马大社会主义俱乐部存在的首10年中，无可置疑地，陈蒙鹤是俱乐部的一名重要和活跃的会员。
在中小学阶段，她曾在中英文学校受教育。这说明她中英语文都掌握得很好。她走在时代的尖端，决定接受挑战，在大学攻读马来语文和文学。她的荣誉学位论文是对著名回教学者及知识分子Syed Shaykh al-Hady 的研究。一直到了 1999 年，她的专题论文才由吉隆坡的马来西亚社会学研究院重印出版。
她进入大学时便参加马大社会主义俱乐部。就在这时期她遇到未来的丈夫，现在的陈成发教授。她对俱乐部的主要贡献，是协助俱乐部首届秘书长 Philomen Oorjitham 组织泛马学联。
她也是与新加坡华校中学生联系的重要桥梁。大学毕业后，她在莱佛士女中和中正中学执教。她也是早期维护新加坡妇女权利的倡导者之一。她曾担任妇女联合会（妇联）首届主席。该会于1956年9月18日被殖民当局封闭, 她在当天未经审讯就被扣留。
1958年获释后，她再进入马大攻读文科硕士学位。她的论文〈新加坡早期华文报刊：1881-1912年〉，仍然成为我国华文报起源的标准版本。此专题论文1967年由马大出版社出版。论文最近被翻译成华文并于2009年在马来西亚出版。
陈蒙鹤于1963年2月2日的 “冷藏行动”中第二度被扣留。 获释后，她陪同去攻读专科课程的丈夫到伦敦。1967年他们返回新加坡后，蒙鹤被说服接手管理家族生意,也就是在吉隆坡设有分行的上海书局。
蒙鹤也是早期马华词典的编篡者之一。她的词典在1950和1960年代被广泛用来教导学习马来语。她也出版由华文译成马来文的儿童故事书。在晚年，她继续参与妇女运动，成为妇女行动与研究协会（AWARE）的志愿工作人员。引用该协会在她于2002年逝世时的追悼词，为这篇简介结尾，再适合不过：
妇女行动与研究协会向已故陈蒙鹤家人深表哀悼。她是一位典范人物，也是妇女战士先驱，我们向她致敬。她在青年时期为民族主义而斗争。虽然为她的信仰付出了高昂的代价，但她并没有动摇。她是本协会的一位坚贞志愿人员，长期担任辅导员。我们对她的服务，深表感激。我们会一直怀念她。她为自己的价值观而活，她的献身精神和坚定个性，将继续鼓舞着我们。
（引自《‘华惹’时代风云》一书第七章中文本第89-90页，作者：傅树介、陈仁贵、许赓猷）
2.她，在著名马来新闻工作者和作家赛-扎哈利的眼中
马来语言及文学爱好者：琳达-陈梦鹤女士
当我在等待登记成为欧南监狱的新住客的时候，看见两位熟人：社阵副主席占姆斯-普都遮里和新加坡1950年代中著名的知识分子及左翼政治女活动家琳达-陈蒙鹤。
前天，我才在陈蒙鹤家里，跟她的先生陈承发博士一起喝茶。我跟蒙鹤和承发都很熟。
在冷藏行动前的好几个月里，我常常在新加坡大学的书店或食堂见到陈蒙鹤。我当时在新加坡大学上由格林教授讲课的国际关系与国际法。在等着上课前，跟陈蒙鹤交谈。陈蒙鹤跟我同龄，我们都在1928年出世。她生于中国，一岁时跟家人移居新加坡。她在英国统治下的新加坡接受教育，直到大学。她精通华语、英语和马来语。她进修马来语文系，曾经编纂马来文-中文词典，并把中国的儿童文学和民间故事译成马来文。
在政治领域，蒙鹤活跃于妇女运动，曾经领导反黄运动，抗拒当时在新加坡横行的黄色文化。她活跃于争取人民基本权益的左翼运动，使她在1956年9月被英殖民主义者引用内部治安法令加以扣留，在两年之后有条件释放。
蒙鹤也活跃于新加坡马来亚大学的社会主义俱乐部，并因此结识陈承发博士。她们在蒙鹤被释放后不久结为夫妻。
国家文学家及诗人乌斯曼-阿旺在1950年代期间，曾经从这位普世人道主义者及积极进修马来语文及文化的陈蒙鹤身上，取得诸多写诗的灵感。她不计民族、语文和文化背景，广加结交，使到她与1950年代及1960年代的马来语文及文学泰斗成了知交，包括如克里斯-玛士、东革-华兰（即乌斯曼-阿旺）、阿瓦姆-伊尔-沙尔甘、马苏利和阿斯拉夫-哈芝-华合。陈蒙鹤本身则与林焕文、吴诸庆、杨贵谊、陈妙华夫妇等人齐名，属于马来语文及文学的爱好者，精通马来语文。
我在1961年被驱逐回新加坡之后，经常跟胡森-扎希汀找陈蒙鹤替国家翻译中心（National Translation Bureau，NTB）协助翻译工作，那是我们设立的翻译公司，收入作为维持前《马来前锋报》罢工工友的生活费。
陈蒙鹤是名和蔼的知识分子，对任何人都一样和蔼可亲。她从来不拒绝我们的要求，常常还用极为亲切的笑容回应。我真敬佩她那乐于助人，但却不望回报及赞美的作风。在跟她的交往中，我从她身上学到许多东西，而她不吝于分享她的经验。
至于我自己个人，为了建立我们两个家庭之间的家庭感情和联系，在未征求她的同意下，我用她的名字琳达（Linda）作为我在1963年2月2日被捕之后三个月出世的最小的女儿的部分名字。我的妻子莎拉玛非常同意我所选择的名字诺琳达（Noorlinda）。
只有在1979年被释放及我们有机会重逢之后，我才跟陈蒙鹤和她的先生陈承发博士讲起这个取名的真相。
“赛，你和莎儿肯用我的名字，我感到非常荣幸。”陈蒙鹤开心地笑着说。当时，她是跟夫婿在我被释放的那一年来我家过开斋节。从此，陈蒙鹤和陈承发每一年的开斋节都来在合巴樟宜路住家的餐会。我每一年都办这样的餐会，目的是重新建立我们这些在冷藏行动下被捕之前的那份情谊。
1963年2月2日早上，在欧南监狱，陈蒙鹤跟占姆斯-普都遮里就在我站的地方不远之处的一张桌子在进行登记。他们同时用笑容跟我打招呼。我发觉，他们的招呼和笑容带有惊讶的神态，似乎是不太相信我会在那儿，跟他们拥有相同的命运。
我只能够向他们两人问好，得喊相当大声。他们两人都挥挥手，不说一句话。在我被指示向前进行登记时，占姆斯-普都遮里和蒙鹤已经被带走，不知是到哪里去。
(引自赛-扎哈利回忆录II《万千梦魇》中文本第四章第79页，译者赖顺吉)
3.一位友好关于她的新书推介礼的介绍
陈蒙鹤妇运先锋与华文报业史
14/03/10
作者/来源：林友顺（15-2-2009）http: //www.yzzk.com
新加坡妇运先锋已故陈蒙鹤女士研究狮城早期华文报章与华人社会的关系，其著作中文版最近面世，成为人们了解华文报业历史的重要资料。
在一月上旬的一个星期天，许多早年毕业于新加坡南洋大学的学生相聚在吉隆坡的“隆雪华堂”楼上，这并不是同学的聚餐，而是出席曾在南大任教的活跃学运及妇女运动领袖已故陈蒙鹤女士的新书推介礼。虽言新书推介，更像纪念会，受邀上台演说的华团领袖及陈蒙鹤的弟弟陈蒙志与战友赛扎哈里没有对新书给予太多的评介，反而是追念陈蒙鹤一生中的点点滴滴。
陈蒙鹤于一九二九年生于浙江温州，三岁随母亲赴新加坡，一九五三年毕业于设立在新加坡的马来亚大学，一九五八年曾短暂出任南洋大学讲师。陈蒙鹤年轻时正值左翼运动蓬勃发展的大时代，与许多热血青年一样，陈响应大时代的号召参与反殖运动，也因而两度被扣留，同时被当局禁止当教师，以致让她无法完成教师梦。她随后出任上海书局经理兼总编辑，二零零二年辞世新加坡。
华文报是马新华人社会的重要支柱，不过有关华文报对华人社会的影响的著作并不多见，“早期新加坡华文报章与华人社会（1881年至1912年）”一书是陈蒙鹤在一九五四年修读硕士课程时以英文书写的硕士论文，并在一九六七年由新加坡马来亚大学出版社出版，四十一年后的今天，它被还原为华文，翻译者为马来西亚南方学院人文与社会学部主任胡兴荣。
马来亚（包括新加坡）最早的华文报章是在一八一五年于马六甲创办的“察世俗每月统记传”，不过该份报章是由传教士所办，目的在于传播基督教义，而且是以中国大陆子民为传教对象，因此它对马来半岛华人社会的影响不显著。陈蒙鹤跳过了这段历史，直接从一八八一年薛有礼创办的“叻报”作为研究的起点，至一九一二年中国国民党创立，深入探讨三十年间新加坡华文报业的演变及其所发生的社会背景。
胡兴荣在译者序言中指出，陈蒙鹤在书中不仅“描述了报纸的诞生及其来龙去脉，更多的是阐述了报纸与社会发展的联系”，他指作者对个别报章在不同时期此消彼长的前因后果所作的分析令人叹服，展现了其对社会境况的细致观察。
“早”书只有五章一百四十二页，着重谈论七家华文报，即“叻报”，“星报”，“天南新报”，“日新报”，“图南日报”，“南洋总汇报”及“中兴日报”。此书由也是南大毕业的缪进新写序，同时收录陈蒙鹤的弟弟陈蒙志感人的追思文章。胡兴荣指出，此书从介绍当时的政治，经济，民众的教育水平及华人人口的构成开始，引出华文报在新加坡诞生的原因，并且从经营者和主笔的生平事迹来分析报纸创刊的目的，最后再从社会发展的角度讨论报纸在当时所扮演的角色。
作者在撰写这篇论文花了不少功夫，她不仅到新加坡大学图书馆，国家档案局寻找资料，也飞到伦敦大英博物馆查寻当年的报刊;此外，作者也寻访逾十名当时尚健在的人物，这包括学者，报纸的创办人和主笔，使此书内容丰富，成为人们了解新加坡早期华文报的重要资料。
历史学者李业霖表示，随着马来亚经济的迅速发展，社会的繁荣进步，人口的不断增长，教育事业的发达等各种因素，马来半岛华文报业的发展有过两次的历史高潮：一次在上世纪的二十年代，另一次则在上世纪四十年代的下半期即二战后至冷战前。
当时报社业务规模扩大，趋向企业化，不断充实设备，人才荟萃，报人能充分发挥他们的主观能动性，出版事业蓬勃发展，蔚为大观。
他指出，从历史和问题两方面出发作者研究此书：一方面从显微胶卷和文献中搜集大量有关华文报刊的第一手资料，又从前辈和报刊创办者的后人，取得罕闻的活鲜资料和数据。有关历史问题的资料，几乎给作者一网打尽。
另一方面，建立严谨的分析框架，运用社会学的理论，分析史料中所反映的不同发展形态和内在联系，理出一条基本的历史线索，从而兼有历史分析和问题分析的两大特点。
（转引自《新加坡文献馆》）
4.她，陈家的好儿女，我们的好大姐
陈蒙鹤丰富多彩的一生
14/03/10
作者/来源：郑昭贤（09年10月1日）
http: //southeastasiachinese.blogspot.com
原标题：陈蒙鹤是陈家好儿女
新加坡上海书局经理陈蒙鹤著作“早期新加坡华文报章与华人社会（1881 – 1912）”新加坡的中文版今早（2009年11月1日）在吉隆坡中华大会堂举行推介礼早期中文报刊。
陈蒙志在推介礼上致词，赞扬他的姐姐是：陈家的好儿女，我们的好大姐。
陈蒙志说，陈蒙鹤生长于新马地区为摆脱殖民地统治，掀起波澜壮阔的独立运动大时代。他的姐姐像当时许多热血青年一样，被卷入历史的潮流中，造成她丰富多彩的一生。
他认为，陈蒙鹤一生的成就分成两个方面。第一是社会活动;第二是学术方面。
在社会活动方面，陈蒙鹤主要是推动妇女运动，争取妇女的社会权利和平等地位。
当年马大“社会主义俱乐部”是个摇篮，造就了不少反殖运动活跃份子。陈蒙鹤参加了“社会主义俱乐部”，投身反殖活动，结识了许多当年的新，马反殖运动领袖人物。1956年，陈蒙鹤积极筹备成立妇女联合会，并成为妇联会的主席。可惜只有短短半年时间左右，妇联会就遭政府封禁，陈蒙鹤被捕入狱。
过后她积极参与新加坡的“妇女行动与研究协会”（知道），妇女运动是她终生的事业。长期来，她坚持为知道的“求助电话”（帮助 – 线）义务服务。
陈蒙志说，陈蒙鹤一生坐过两次牢，一次是因组织妇女联合会，另一次是在1963年的“冷藏行动”中被捕。
在学术方面，陈蒙志说，陈蒙鹤精通三种语文。她能看，能写，能应用华，英，巫（马来）三种语文。
1957年，她在马大念硕士时，是以英文写硕士论文。这篇论文就是目前出版的这本书。
1963年，她被捕入狱，在牢中她与另3位朋友联合编写“华马大辞典”。她是这部辞典的主要编写人，因为其他3人只是业余参与工作，陈蒙鹤却是在狱中全职工作。这部辞典显示她在马来语文上的成就。
1990年，上海书局庆祝65周年纪念，要出版一本纪念刊。陈蒙鹤为纪念刊以中文写了一篇“65年来华文书业在新加坡（1925年至1990年）”。许多人认为这是一篇难得的学术文章。
谈到陈蒙鹤为了写她的硕士论文时，不辞劳苦到大学图书馆细心搜寻过去华文报资料，结果她在图书馆楼梯下发现尘封多时的宝贵史料。她在莱佛士图书馆（今天的新加坡国家历史博物馆）内不为人注意的角落发现一批19世纪末的旧华文报，让这批珍贵史料得以重见天日。
陈蒙志说，由于这批史料是置放在不为人注意的角落，才得以保存下来。不然在日本时期，早就被日本人毁掉。
陈蒙志说，陈蒙鹤引用这些珍贵史料，写成硕士论文发表。外国学者才知道新加坡图书馆有收藏这些重要资料，并希望新加坡大学图书馆提供给他们。外国学者研究东南亚社会民情和华人社会下层状况时，极需这类华文史料，当时英文的史料都是反映上层社会的情况，少涉及中下层华人社会。
他说，于是新加坡图书馆把陈蒙鹤发现的这些史料制成缩微胶片，卖给外国学者，赚了一笔钱。
对于陈蒙鹤的一生，陈蒙志总结道，她是一位朴实平凡的普通人，但她非常努力，也很勇敢，为她的信念奋斗，坚持到底，从而留下绚丽的人生片段。
（转引自《新加坡文献馆》）
http://www.wyzxsx.com/Article/Class14/201004/145502.html
反殖爱国人士与杰出的妇运领袖 陈 蒙 鹤
石君-泰永编辑
1.她，作为新加坡马大社会主义俱乐部六君子之一
陈蒙鹤—Linda Chen
也许在文集中简介马大社会主义俱乐部的先驱人物时，当中应包括一位女性。在马大社会主义俱乐部存在的首10年中，无可置疑地，陈蒙鹤是俱乐部的一名重要和活跃的会员。
在中小学阶段，她曾在中英文学校受教育。这说明她中英语文都掌握得很好。她走在时代的尖端，决定接受挑战，在大学攻读马来语文和文学。她的荣誉学位论文是对著名回教学者及知识分子Syed Shaykh al-Hady 的研究。一直到了 1999 年，她的专题论文才由吉隆坡的马来西亚社会学研究院重印出版。
她进入大学时便参加马大社会主义俱乐部。就在这时期她遇到未来的丈夫，现在的陈成发教授。她对俱乐部的主要贡献，是协助俱乐部首届秘书长 Philomen Oorjitham 组织泛马学联。
她也是与新加坡华校中学生联系的重要桥梁。大学毕业后，她在莱佛士女中和中正中学执教。她也是早期维护新加坡妇女权利的倡导者之一。她曾担任妇女联合会（妇联）首届主席。该会于1956年9月18日被殖民当局封闭, 她在当天未经审讯就被扣留。
1958年获释后，她再进入马大攻读文科硕士学位。她的论文〈新加坡早期华文报刊：1881-1912年〉，仍然成为我国华文报起源的标准版本。此专题论文1967年由马大出版社出版。论文最近被翻译成华文并于2009年在马来西亚出版。
陈蒙鹤于1963年2月2日的 “冷藏行动”中第二度被扣留。 获释后，她陪同去攻读专科课程的丈夫到伦敦。1967年他们返回新加坡后，蒙鹤被说服接手管理家族生意,也就是在吉隆坡设有分行的上海书局。
蒙鹤也是早期马华词典的编篡者之一。她的词典在1950和1960年代被广泛用来教导学习马来语。她也出版由华文译成马来文的儿童故事书。在晚年，她继续参与妇女运动，成为妇女行动与研究协会（AWARE）的志愿工作人员。引用该协会在她于2002年逝世时的追悼词，为这篇简介结尾，再适合不过：
妇女行动与研究协会向已故陈蒙鹤家人深表哀悼。她是一位典范人物，也是妇女战士先驱，我们向她致敬。她在青年时期为民族主义而斗争。虽然为她的信仰付出了高昂的代价，但她并没有动摇。她是本协会的一位坚贞志愿人员，长期担任辅导员。我们对她的服务，深表感激。我们会一直怀念她。她为自己的价值观而活，她的献身精神和坚定个性，将继续鼓舞着我们。
（引自《‘华惹’时代风云》一书第七章中文本第89-90页，作者：傅树介、陈仁贵、许赓猷）
2.她，在著名马来新闻工作者和作家赛-扎哈利的眼中
马来语言及文学爱好者：琳达-陈梦鹤女士
当我在等待登记成为欧南监狱的新住客的时候，看见两位熟人：社阵副主席占姆斯-普都遮里和新加坡1950年代中著名的知识分子及左翼政治女活动家琳达-陈蒙鹤。
前天，我才在陈蒙鹤家里，跟她的先生陈承发博士一起喝茶。我跟蒙鹤和承发都很熟。
在冷藏行动前的好几个月里，我常常在新加坡大学的书店或食堂见到陈蒙鹤。我当时在新加坡大学上由格林教授讲课的国际关系与国际法。在等着上课前，跟陈蒙鹤交谈。陈蒙鹤跟我同龄，我们都在1928年出世。她生于中国，一岁时跟家人移居新加坡。她在英国统治下的新加坡接受教育，直到大学。她精通华语、英语和马来语。她进修马来语文系，曾经编纂马来文-中文词典，并把中国的儿童文学和民间故事译成马来文。
在政治领域，蒙鹤活跃于妇女运动，曾经领导反黄运动，抗拒当时在新加坡横行的黄色文化。她活跃于争取人民基本权益的左翼运动，使她在1956年9月被英殖民主义者引用内部治安法令加以扣留，在两年之后有条件释放。
蒙鹤也活跃于新加坡马来亚大学的社会主义俱乐部，并因此结识陈承发博士。她们在蒙鹤被释放后不久结为夫妻。
国家文学家及诗人乌斯曼-阿旺在1950年代期间，曾经从这位普世人道主义者及积极进修马来语文及文化的陈蒙鹤身上，取得诸多写诗的灵感。她不计民族、语文和文化背景，广加结交，使到她与1950年代及1960年代的马来语文及文学泰斗成了知交，包括如克里斯-玛士、东革-华兰（即乌斯曼-阿旺）、阿瓦姆-伊尔-沙尔甘、马苏利和阿斯拉夫-哈芝-华合。陈蒙鹤本身则与林焕文、吴诸庆、杨贵谊、陈妙华夫妇等人齐名，属于马来语文及文学的爱好者，精通马来语文。
我在1961年被驱逐回新加坡之后，经常跟胡森-扎希汀找陈蒙鹤替国家翻译中心（National Translation Bureau，NTB）协助翻译工作，那是我们设立的翻译公司，收入作为维持前《马来前锋报》罢工工友的生活费。
陈蒙鹤是名和蔼的知识分子，对任何人都一样和蔼可亲。她从来不拒绝我们的要求，常常还用极为亲切的笑容回应。我真敬佩她那乐于助人，但却不望回报及赞美的作风。在跟她的交往中，我从她身上学到许多东西，而她不吝于分享她的经验。
至于我自己个人，为了建立我们两个家庭之间的家庭感情和联系，在未征求她的同意下，我用她的名字琳达（Linda）作为我在1963年2月2日被捕之后三个月出世的最小的女儿的部分名字。我的妻子莎拉玛非常同意我所选择的名字诺琳达（Noorlinda）。
只有在1979年被释放及我们有机会重逢之后，我才跟陈蒙鹤和她的先生陈承发博士讲起这个取名的真相。
“赛，你和莎儿肯用我的名字，我感到非常荣幸。”陈蒙鹤开心地笑着说。当时，她是跟夫婿在我被释放的那一年来我家过开斋节。从此，陈蒙鹤和陈承发每一年的开斋节都来在合巴樟宜路住家的餐会。我每一年都办这样的餐会，目的是重新建立我们这些在冷藏行动下被捕之前的那份情谊。
1963年2月2日早上，在欧南监狱，陈蒙鹤跟占姆斯-普都遮里就在我站的地方不远之处的一张桌子在进行登记。他们同时用笑容跟我打招呼。我发觉，他们的招呼和笑容带有惊讶的神态，似乎是不太相信我会在那儿，跟他们拥有相同的命运。
我只能够向他们两人问好，得喊相当大声。他们两人都挥挥手，不说一句话。在我被指示向前进行登记时，占姆斯-普都遮里和蒙鹤已经被带走，不知是到哪里去。
(引自赛-扎哈利回忆录II《万千梦魇》中文本第四章第79页，译者赖顺吉)
3.一位友好关于她的新书推介礼的介绍
陈蒙鹤妇运先锋与华文报业史
14/03/10
作者/来源：林友顺（15-2-2009）http: //www.yzzk.com
新加坡妇运先锋已故陈蒙鹤女士研究狮城早期华文报章与华人社会的关系，其著作中文版最近面世，成为人们了解华文报业历史的重要资料。
在一月上旬的一个星期天，许多早年毕业于新加坡南洋大学的学生相聚在吉隆坡的“隆雪华堂”楼上，这并不是同学的聚餐，而是出席曾在南大任教的活跃学运及妇女运动领袖已故陈蒙鹤女士的新书推介礼。虽言新书推介，更像纪念会，受邀上台演说的华团领袖及陈蒙鹤的弟弟陈蒙志与战友赛扎哈里没有对新书给予太多的评介，反而是追念陈蒙鹤一生中的点点滴滴。
陈蒙鹤于一九二九年生于浙江温州，三岁随母亲赴新加坡，一九五三年毕业于设立在新加坡的马来亚大学，一九五八年曾短暂出任南洋大学讲师。陈蒙鹤年轻时正值左翼运动蓬勃发展的大时代，与许多热血青年一样，陈响应大时代的号召参与反殖运动，也因而两度被扣留，同时被当局禁止当教师，以致让她无法完成教师梦。她随后出任上海书局经理兼总编辑，二零零二年辞世新加坡。
华文报是马新华人社会的重要支柱，不过有关华文报对华人社会的影响的著作并不多见，“早期新加坡华文报章与华人社会（1881年至1912年）”一书是陈蒙鹤在一九五四年修读硕士课程时以英文书写的硕士论文，并在一九六七年由新加坡马来亚大学出版社出版，四十一年后的今天，它被还原为华文，翻译者为马来西亚南方学院人文与社会学部主任胡兴荣。
马来亚（包括新加坡）最早的华文报章是在一八一五年于马六甲创办的“察世俗每月统记传”，不过该份报章是由传教士所办，目的在于传播基督教义，而且是以中国大陆子民为传教对象，因此它对马来半岛华人社会的影响不显著。陈蒙鹤跳过了这段历史，直接从一八八一年薛有礼创办的“叻报”作为研究的起点，至一九一二年中国国民党创立，深入探讨三十年间新加坡华文报业的演变及其所发生的社会背景。
胡兴荣在译者序言中指出，陈蒙鹤在书中不仅“描述了报纸的诞生及其来龙去脉，更多的是阐述了报纸与社会发展的联系”，他指作者对个别报章在不同时期此消彼长的前因后果所作的分析令人叹服，展现了其对社会境况的细致观察。
“早”书只有五章一百四十二页，着重谈论七家华文报，即“叻报”，“星报”，“天南新报”，“日新报”，“图南日报”，“南洋总汇报”及“中兴日报”。此书由也是南大毕业的缪进新写序，同时收录陈蒙鹤的弟弟陈蒙志感人的追思文章。胡兴荣指出，此书从介绍当时的政治，经济，民众的教育水平及华人人口的构成开始，引出华文报在新加坡诞生的原因，并且从经营者和主笔的生平事迹来分析报纸创刊的目的，最后再从社会发展的角度讨论报纸在当时所扮演的角色。
作者在撰写这篇论文花了不少功夫，她不仅到新加坡大学图书馆，国家档案局寻找资料，也飞到伦敦大英博物馆查寻当年的报刊;此外，作者也寻访逾十名当时尚健在的人物，这包括学者，报纸的创办人和主笔，使此书内容丰富，成为人们了解新加坡早期华文报的重要资料。
历史学者李业霖表示，随着马来亚经济的迅速发展，社会的繁荣进步，人口的不断增长，教育事业的发达等各种因素，马来半岛华文报业的发展有过两次的历史高潮：一次在上世纪的二十年代，另一次则在上世纪四十年代的下半期即二战后至冷战前。
当时报社业务规模扩大，趋向企业化，不断充实设备，人才荟萃，报人能充分发挥他们的主观能动性，出版事业蓬勃发展，蔚为大观。
他指出，从历史和问题两方面出发作者研究此书：一方面从显微胶卷和文献中搜集大量有关华文报刊的第一手资料，又从前辈和报刊创办者的后人，取得罕闻的活鲜资料和数据。有关历史问题的资料，几乎给作者一网打尽。
另一方面，建立严谨的分析框架，运用社会学的理论，分析史料中所反映的不同发展形态和内在联系，理出一条基本的历史线索，从而兼有历史分析和问题分析的两大特点。
（转引自《新加坡文献馆》）
4.她，陈家的好儿女，我们的好大姐
陈蒙鹤丰富多彩的一生
14/03/10
作者/来源：郑昭贤（09年10月1日）
http: //southeastasiachinese.blogspot.com
原标题：陈蒙鹤是陈家好儿女
新加坡上海书局经理陈蒙鹤著作“早期新加坡华文报章与华人社会（1881 – 1912）”新加坡的中文版今早（2009年11月1日）在吉隆坡中华大会堂举行推介礼早期中文报刊。
陈蒙志在推介礼上致词，赞扬他的姐姐是：陈家的好儿女，我们的好大姐。
陈蒙志说，陈蒙鹤生长于新马地区为摆脱殖民地统治，掀起波澜壮阔的独立运动大时代。他的姐姐像当时许多热血青年一样，被卷入历史的潮流中，造成她丰富多彩的一生。
他认为，陈蒙鹤一生的成就分成两个方面。第一是社会活动;第二是学术方面。
在社会活动方面，陈蒙鹤主要是推动妇女运动，争取妇女的社会权利和平等地位。
当年马大“社会主义俱乐部”是个摇篮，造就了不少反殖运动活跃份子。陈蒙鹤参加了“社会主义俱乐部”，投身反殖活动，结识了许多当年的新，马反殖运动领袖人物。1956年，陈蒙鹤积极筹备成立妇女联合会，并成为妇联会的主席。可惜只有短短半年时间左右，妇联会就遭政府封禁，陈蒙鹤被捕入狱。
过后她积极参与新加坡的“妇女行动与研究协会”（知道），妇女运动是她终生的事业。长期来，她坚持为知道的“求助电话”（帮助 – 线）义务服务。
陈蒙志说，陈蒙鹤一生坐过两次牢，一次是因组织妇女联合会，另一次是在1963年的“冷藏行动”中被捕。
在学术方面，陈蒙志说，陈蒙鹤精通三种语文。她能看，能写，能应用华，英，巫（马来）三种语文。
1957年，她在马大念硕士时，是以英文写硕士论文。这篇论文就是目前出版的这本书。
1963年，她被捕入狱，在牢中她与另3位朋友联合编写“华马大辞典”。她是这部辞典的主要编写人，因为其他3人只是业余参与工作，陈蒙鹤却是在狱中全职工作。这部辞典显示她在马来语文上的成就。
1990年，上海书局庆祝65周年纪念，要出版一本纪念刊。陈蒙鹤为纪念刊以中文写了一篇“65年来华文书业在新加坡（1925年至1990年）”。许多人认为这是一篇难得的学术文章。
谈到陈蒙鹤为了写她的硕士论文时，不辞劳苦到大学图书馆细心搜寻过去华文报资料，结果她在图书馆楼梯下发现尘封多时的宝贵史料。她在莱佛士图书馆（今天的新加坡国家历史博物馆）内不为人注意的角落发现一批19世纪末的旧华文报，让这批珍贵史料得以重见天日。
陈蒙志说，由于这批史料是置放在不为人注意的角落，才得以保存下来。不然在日本时期，早就被日本人毁掉。
陈蒙志说，陈蒙鹤引用这些珍贵史料，写成硕士论文发表。外国学者才知道新加坡图书馆有收藏这些重要资料，并希望新加坡大学图书馆提供给他们。外国学者研究东南亚社会民情和华人社会下层状况时，极需这类华文史料，当时英文的史料都是反映上层社会的情况，少涉及中下层华人社会。
他说，于是新加坡图书馆把陈蒙鹤发现的这些史料制成缩微胶片，卖给外国学者，赚了一笔钱。
对于陈蒙鹤的一生，陈蒙志总结道，她是一位朴实平凡的普通人，但她非常努力，也很勇敢，为她的信念奋斗，坚持到底，从而留下绚丽的人生片段。
（转引自《新加坡文献馆》）
http://www.wyzxsx.com/Article/Class14/201004/145502.html
不管是一穷二白的裸婚也好，或者是锦衣玉食的富婚也好，幸福是永远不变的基调和追求。
裸婚时代经典语录
1. 刘易阳：“ 我没车，没钱，没房，没钻戒，但我有一颗陪你到老的心，
等到你老了，我依然背着你，我给你当拐杖，
等你没牙了，我就嚼碎了喂给你，
我一定等你死后我在死，要不把你一个人留在这世界上，没人照顾，我做鬼也不放心。
童佳倩，我爱你。”
2. “有钱就有感情啊，男人长得帅有什么用啊，放到银行能当卡刷吗？人品好又有什么用，放到桌上能当饭吃吗？”
3. “在这个世界上只有两样东西，可以让女人感觉到幸福。一个是奥迪，第第二个就是迪奥。”
4. 刘易阳：“不怎么着，你以为四方之内皆你妈啊！谁都得惯着你！”
5. 童佳倩：“咱们这日子怎么过啊。” 刘易阳：“这不是有我的吗。” 童佳倩：“哪儿都有你啊，你是银行？你爸是李刚？”
6. 刘易阳：“细节打败爱情。 我除了我爱你比你爱我多以外，我没有任何条件优越过你，我刘易 阳 我一直是在维护自己爱情的尊严，我今天才知道一个道理，什么叫失无所失。”
7. 刘易阳：“我的终身奋斗目标就是要给你童佳倩幸福，给全家人幸福，给我们的子子孙孙幸福。”
童佳倩：“真的？我怎么不知道啊。”
刘易阳：“一个大老爷们，不能把这些话老放在嘴边上。幸福是什么，幸福不是靠你说就能说出来的，幸福是得你实实在在干出来的。”
8. 刘易阳：“不以结婚为目的的谈恋爱都是耍流氓。”
9. 刘易阳：“我想给你最好的生活，我想让你的脸每天都有笑容，我不想你每天挤公交地铁，不想你逼着自己坚强。”
10. 刘易阳：“我和佳倩已经超越了爱情的这层关系了，我们现在是亲人。”
裸婚，可能会代表一种时代，也可能会代表一种精神，最终都需要人来诠释。不过或许能够最完整的诠释和评价裸婚的价值，还是每个人清晰透彻的人生。一辈子虽然不长但也不短暂，把握这唯一性的一辈子的取向，是裸婚的炼金石。
婚姻是自己的，就如同自己的生命和呼吸一样，别人无从参与，别人的意见只是参考，其实对于每个人来说，幸福的婚姻都是一样的，而不幸的婚姻却有各自的不幸。
不管是一穷二白的裸婚也好，或者是锦衣玉食的富婚也好，幸福是永远不变的基调和追求。
裸不裸婚只是一种形式，并不能成为主宰幸福的关键，决定幸福与否还是在于人！
选对了那个愿意爱你疼你为你一生的人，即使以裸婚开始又有何妨？
咱们“裸婚不裸人”！漫长的一生有足够的时间让奋斗来填补裸婚时的空白，跟自己命中的那个他（她）为爱经营一生才是获得幸福的王道！
1. 刘易阳：“ 我没车，没钱，没房，没钻戒，但我有一颗陪你到老的心，
等到你老了，我依然背着你，我给你当拐杖，
等你没牙了，我就嚼碎了喂给你，
我一定等你死后我在死，要不把你一个人留在这世界上，没人照顾，我做鬼也不放心。
童佳倩，我爱你。”
2. “有钱就有感情啊，男人长得帅有什么用啊，放到银行能当卡刷吗？人品好又有什么用，放到桌上能当饭吃吗？”
3. “在这个世界上只有两样东西，可以让女人感觉到幸福。一个是奥迪，第第二个就是迪奥。”
4. 刘易阳：“不怎么着，你以为四方之内皆你妈啊！谁都得惯着你！”
5. 童佳倩：“咱们这日子怎么过啊。” 刘易阳：“这不是有我的吗。” 童佳倩：“哪儿都有你啊，你是银行？你爸是李刚？”
6. 刘易阳：“细节打败爱情。 我除了我爱你比你爱我多以外，我没有任何条件优越过你，我刘易 阳 我一直是在维护自己爱情的尊严，我今天才知道一个道理，什么叫失无所失。”
7. 刘易阳：“我的终身奋斗目标就是要给你童佳倩幸福，给全家人幸福，给我们的子子孙孙幸福。”
童佳倩：“真的？我怎么不知道啊。”
刘易阳：“一个大老爷们，不能把这些话老放在嘴边上。幸福是什么，幸福不是靠你说就能说出来的，幸福是得你实实在在干出来的。”
8. 刘易阳：“不以结婚为目的的谈恋爱都是耍流氓。”
9. 刘易阳：“我想给你最好的生活，我想让你的脸每天都有笑容，我不想你每天挤公交地铁，不想你逼着自己坚强。”
10. 刘易阳：“我和佳倩已经超越了爱情的这层关系了，我们现在是亲人。”
裸婚，可能会代表一种时代，也可能会代表一种精神，最终都需要人来诠释。不过或许能够最完整的诠释和评价裸婚的价值，还是每个人清晰透彻的人生。一辈子虽然不长但也不短暂，把握这唯一性的一辈子的取向，是裸婚的炼金石。
婚姻是自己的，就如同自己的生命和呼吸一样，别人无从参与，别人的意见只是参考，其实对于每个人来说，幸福的婚姻都是一样的，而不幸的婚姻却有各自的不幸。
不管是一穷二白的裸婚也好，或者是锦衣玉食的富婚也好，幸福是永远不变的基调和追求。
裸不裸婚只是一种形式，并不能成为主宰幸福的关键，决定幸福与否还是在于人！
选对了那个愿意爱你疼你为你一生的人，即使以裸婚开始又有何妨？
咱们“裸婚不裸人”！漫长的一生有足够的时间让奋斗来填补裸婚时的空白，跟自己命中的那个他（她）为爱经营一生才是获得幸福的王道！
邻桌的英国人，无论老人孩子，也都为之愕然。他们不明白，仅仅为了多挣几张钞票，抛弃家人，远离幸福，有什么可以值得羡慕的。在他们的眼中，家人团聚，平平安安，才是最大的幸福。它与财富的多少，地位的贵贱无关
« 海贼路痴的日志 »
中国人唯一不认可的成功：就是家庭的和睦，人生的平淡
英国某小镇。
有一个青年人，整日以沿街为小镇的人说唱为生；这儿，有一个华人妇女，远离家人，在这儿打工。他们总是在同一个小餐馆用餐，于是他们屡屡相遇。时间长了，彼此已十分的熟悉。
有一日，我们的女同胞，关切地对那个小伙子说：“不要沿街卖唱了，去做一个正当的职业吧。我介绍你到中国去教书，在那儿，你完全可以拿到比你现在高得多的薪水。”
小伙子听后，先是一愣，然后反问道：“难道我现在从事的不是正当的职业吗？我喜欢这个职业，它给我，也给其他人带来欢乐。有什么不好？我何必要远渡重洋，抛弃亲人，抛弃家园，去做我并不喜欢的工作？”
邻桌的英国人，无论老人孩子，也都为之愕然。他们不明白，仅仅为了多挣几张钞票，抛弃家人，远离幸福，有什么可以值得羡慕的。在他们的眼中，家人团聚，平平安安，才是最大的幸福。它与财富的多少，地位的贵贱无关。于是，小镇上的人，开始可怜我们的女同胞了。
中国山东，有这样一对夫妇
刚刚结婚时，妻子在济宁，丈夫在枣庄；过了若干年，妻子调到了枣庄，丈夫却一纸调令到了菏泽。若干年后，妻子又费尽周折，调到了菏泽，但不久，丈夫又被提拔到了省城济南。妻子又托关系找熟人，好不容易调到了济南。可是不到一年，丈夫又被国家电业总公司调到重庆。
于是，她所有的朋友，就给她开玩笑——你们俩呀，天生就是牛郎织女的命。要我们说呀，你也别追了，干脆辞职，跟着你们家老张算了。
但是，她以及公婆、父母，都一致反对。“干了这么多年，马上就退休了，再说，
你的这么好，辞职多可惜。要丢掉多少钱呀！再干几年吧，也给孩子多挣一些。”
其实，他们家的经济条件已经非常优越。早已是中层阶级，但是他们仍然惦念着那一退休.于是，夫妻两个至今依然是牛郎织女。
我们，是一个尚义轻利的民族。
中国人一直是为了某种自己未必真正明白的主义而活着。于是，中国人，不能在没有目标的生活中活着。而这个目标，可以是工作，可以是理想，可以是金钱，可以是孩子，可以是老人……但是，唯一不可能是的，就是自己。
中国人，可以很委屈的活着。可以是工作上的极不顺心，可以是婚姻上的勉强维持，可以是人际关系上的强作笑颜，可以是所有欲望的极端压制，可以是为了一个所谓的户口……哪怕牺牲自己一生的幸福，也在所不惜。
中国人，可以过异常艰难的日子，但并不能安贫乐道，他所遭受的一切不幸，必定有一个近乎玩笑的借口；中国人，可以把高官厚禄当作成功，中国人可以把身家百万当作理想，中国人可以抛却天伦之乐四海飘荡，但是，中国人唯一不认可的成功——是家庭的和睦，人生的平淡。
于是，一个有着五千年文明历史的国度，把爱国、崇高、献身、成功、立业的情结推向了极致——他们要么在大公无私，其实是舍本逐末的漩涡里苦苦挣扎，要么在肩负重任，其实是徒有其名的怪圈里受尽折磨……唯一遗漏的就是自由和自我。于是，在外国，妇孺皆知的道理；在中国，没人能明白。
人的一生，到底在追求什么？
有一个美国商人坐在墨西哥海边一个小渔村的码头上，看着一个墨西哥渔夫划着一艘小船靠岸，小船上有好几尾大黄鳍鲔鱼。这个美国商人对墨西哥渔夫能抓这么高档的鱼恭维了一番，还问要多少时间才能抓这么多？墨西哥渔夫说，才一会儿功夫就抓到了。美国人再问，你为什么不待久一点，好多抓一些鱼？墨西哥渔夫觉得不以为然:这些鱼已经足够我一家人生活所需啦！
美国人又问：那么你一天剩下那么多时间都在干什么？
墨西哥渔夫解释：我呀？我每天睡到自然醒，出海抓几条鱼，回来后跟孩子们玩一玩；再跟老婆睡个午觉，黄昏时晃到村子里喝点小酒，跟哥儿们玩玩吉他。我的日子可过得充满又忙碌呢！
美国人不以为然，帮他出主意，他说：我是美国哈佛大学企管硕士，我倒是可以帮你忙！你应该每天多花一些时间去抓鱼，到时候你就有钱去买条大一点的船。自然你就可以抓更多鱼，在买更多渔船。然后你就可以拥有一个渔船队。
到时候你就不必把鱼卖给鱼贩子，而是直接卖给加工厂。然后你可以自己开一家罐头工厂。如此你就可以控制整个生产、加工处理和行销。然后你可以离开这个小渔村，搬到墨西哥城，再搬到洛杉矶，最后到纽约，在那经营你不断扩充的企业。
墨西哥渔夫问：这又花多少时间呢？
美国人回答：十五到二十年。
墨西哥渔夫问：然后呢？
美国人大笑着说：然后你就可以在家当皇帝啦！时机一到，你就可以宣布股票上市，把你的公司股份卖给投资大众；到时候你就发啦！你可以几亿几亿地赚！
然后呢？
美国人说：到那个时候你就可以退休啦！你可以搬到海边的小渔村去住。每天睡到自然醒，出海随便抓几条鱼，跟孩子们玩一玩，再跟老婆睡个午觉，黄昏时，晃到村子里喝点小酒，跟哥儿们玩玩吉他。
墨西哥渔夫疑惑的说：我现在不就是这样了吗？
人的一生，到底在追求什么？
人的一生, 究竟在追求什么? 这是一个没有标准答案的问题, 一千个人可能会有一千个不同的回答. 但我们应该知道成功有很多种定义, 有些人终生都在追逐名利, 他们生活得很快乐(也许), 有些人毕生都在灯红酒绿, 他们生活得也很幸福(当然); 还有更多的人在平淡充实, 日复一日的工作和生活中度过平凡的一生, 这又何尝不是一种幸福呢.
或许, 真正的成功只有一个, 就是按照自己喜欢的方式, 去度过人生.
中国人唯一不认可的成功：就是家庭的和睦，人生的平淡
英国某小镇。
有一个青年人，整日以沿街为小镇的人说唱为生；这儿，有一个华人妇女，远离家人，在这儿打工。他们总是在同一个小餐馆用餐，于是他们屡屡相遇。时间长了，彼此已十分的熟悉。
有一日，我们的女同胞，关切地对那个小伙子说：“不要沿街卖唱了，去做一个正当的职业吧。我介绍你到中国去教书，在那儿，你完全可以拿到比你现在高得多的薪水。”
小伙子听后，先是一愣，然后反问道：“难道我现在从事的不是正当的职业吗？我喜欢这个职业，它给我，也给其他人带来欢乐。有什么不好？我何必要远渡重洋，抛弃亲人，抛弃家园，去做我并不喜欢的工作？”
邻桌的英国人，无论老人孩子，也都为之愕然。他们不明白，仅仅为了多挣几张钞票，抛弃家人，远离幸福，有什么可以值得羡慕的。在他们的眼中，家人团聚，平平安安，才是最大的幸福。它与财富的多少，地位的贵贱无关。于是，小镇上的人，开始可怜我们的女同胞了。
中国山东，有这样一对夫妇
刚刚结婚时，妻子在济宁，丈夫在枣庄；过了若干年，妻子调到了枣庄，丈夫却一纸调令到了菏泽。若干年后，妻子又费尽周折，调到了菏泽，但不久，丈夫又被提拔到了省城济南。妻子又托关系找熟人，好不容易调到了济南。可是不到一年，丈夫又被国家电业总公司调到重庆。
于是，她所有的朋友，就给她开玩笑——你们俩呀，天生就是牛郎织女的命。要我们说呀，你也别追了，干脆辞职，跟着你们家老张算了。
但是，她以及公婆、父母，都一致反对。“干了这么多年，马上就退休了，再说，
你的这么好，辞职多可惜。要丢掉多少钱呀！再干几年吧，也给孩子多挣一些。”
其实，他们家的经济条件已经非常优越。早已是中层阶级，但是他们仍然惦念着那一退休.于是，夫妻两个至今依然是牛郎织女。
我们，是一个尚义轻利的民族。
中国人一直是为了某种自己未必真正明白的主义而活着。于是，中国人，不能在没有目标的生活中活着。而这个目标，可以是工作，可以是理想，可以是金钱，可以是孩子，可以是老人……但是，唯一不可能是的，就是自己。
中国人，可以很委屈的活着。可以是工作上的极不顺心，可以是婚姻上的勉强维持，可以是人际关系上的强作笑颜，可以是所有欲望的极端压制，可以是为了一个所谓的户口……哪怕牺牲自己一生的幸福，也在所不惜。
中国人，可以过异常艰难的日子，但并不能安贫乐道，他所遭受的一切不幸，必定有一个近乎玩笑的借口；中国人，可以把高官厚禄当作成功，中国人可以把身家百万当作理想，中国人可以抛却天伦之乐四海飘荡，但是，中国人唯一不认可的成功——是家庭的和睦，人生的平淡。
于是，一个有着五千年文明历史的国度，把爱国、崇高、献身、成功、立业的情结推向了极致——他们要么在大公无私，其实是舍本逐末的漩涡里苦苦挣扎，要么在肩负重任，其实是徒有其名的怪圈里受尽折磨……唯一遗漏的就是自由和自我。于是，在外国，妇孺皆知的道理；在中国，没人能明白。
人的一生，到底在追求什么？
有一个美国商人坐在墨西哥海边一个小渔村的码头上，看着一个墨西哥渔夫划着一艘小船靠岸，小船上有好几尾大黄鳍鲔鱼。这个美国商人对墨西哥渔夫能抓这么高档的鱼恭维了一番，还问要多少时间才能抓这么多？墨西哥渔夫说，才一会儿功夫就抓到了。美国人再问，你为什么不待久一点，好多抓一些鱼？墨西哥渔夫觉得不以为然:这些鱼已经足够我一家人生活所需啦！
美国人又问：那么你一天剩下那么多时间都在干什么？
墨西哥渔夫解释：我呀？我每天睡到自然醒，出海抓几条鱼，回来后跟孩子们玩一玩；再跟老婆睡个午觉，黄昏时晃到村子里喝点小酒，跟哥儿们玩玩吉他。我的日子可过得充满又忙碌呢！
美国人不以为然，帮他出主意，他说：我是美国哈佛大学企管硕士，我倒是可以帮你忙！你应该每天多花一些时间去抓鱼，到时候你就有钱去买条大一点的船。自然你就可以抓更多鱼，在买更多渔船。然后你就可以拥有一个渔船队。
到时候你就不必把鱼卖给鱼贩子，而是直接卖给加工厂。然后你可以自己开一家罐头工厂。如此你就可以控制整个生产、加工处理和行销。然后你可以离开这个小渔村，搬到墨西哥城，再搬到洛杉矶，最后到纽约，在那经营你不断扩充的企业。
墨西哥渔夫问：这又花多少时间呢？
美国人回答：十五到二十年。
墨西哥渔夫问：然后呢？
美国人大笑着说：然后你就可以在家当皇帝啦！时机一到，你就可以宣布股票上市，把你的公司股份卖给投资大众；到时候你就发啦！你可以几亿几亿地赚！
然后呢？
美国人说：到那个时候你就可以退休啦！你可以搬到海边的小渔村去住。每天睡到自然醒，出海随便抓几条鱼，跟孩子们玩一玩，再跟老婆睡个午觉，黄昏时，晃到村子里喝点小酒，跟哥儿们玩玩吉他。
墨西哥渔夫疑惑的说：我现在不就是这样了吗？
人的一生，到底在追求什么？
人的一生, 究竟在追求什么? 这是一个没有标准答案的问题, 一千个人可能会有一千个不同的回答. 但我们应该知道成功有很多种定义, 有些人终生都在追逐名利, 他们生活得很快乐(也许), 有些人毕生都在灯红酒绿, 他们生活得也很幸福(当然); 还有更多的人在平淡充实, 日复一日的工作和生活中度过平凡的一生, 这又何尝不是一种幸福呢.
或许, 真正的成功只有一个, 就是按照自己喜欢的方式, 去度过人生.
Experts: BERSIH T-shirts NOT illegal
WEDNESDAY, JUNE 29, 2011
Experts: BERSIH T-shirts NOT illegal
The Home Minister comes in for a lot of flak for pronouncing that the wearing of BERSIH T-shirts is against the law.
PETALING JAYA: Home Minister Hishammuddin Hussein who said wearing yellow Bersih 2.0 T-shirts is illegal came under fire from lawyers and academics today who said he was “talking nonsense”.
Hishammuddin told the press this morning that the arrests of those wearing such T-shirts are justified as it is related to an illegal activity.
However, the experts said that he is wrong on both counts as neither the rally nor the T-shirt is illegal.
Professor Aziz Bari of Universiti Islam Antarabangsa asked which law Hishammuddin was referring to in declaring that T-shirts is illegal as there was none to his knowledge that supported the minister’s contention.
“It is too far-fetched and illogical,” he told FMT. “Since when is it an offence to wear a certain colour in public? The only provision that comes remotely close is acting indecently in public and I doubt that wearing a T-shirt is an offence. Hishammuddin is talking nonsense.”
Aziz added that Hishammuddin also needed to clarify under which law was the Bersih 2.0 rally planned for July 9 deemed an illegal gathering.
He pointed out that criminalising an activity is a parliamentary decision and not that of an individual minister or the police.
“There is no such thing as absolute power of the police,” he said. “In fact, it is illegal for the police to deny permits before the organisers submit an application. That would mean the police have pre-judged the rally, which is unfair.”
Barbaric manner
Fadiah Nadwa Fikri of Lawyers for Liberty rejected Hishammuddin’s statement outright, branding it an “abuse and misuse of power”.
“There is no such law prohibiting these T-shirts,” she said. “Furthermore, these T-shirts are not linked to an illegal activity because the Federal Constitution allows the right to peaceful assembly and the constitution is higher than any other law in this country.”
“Despite being elected into the United Nations Human Rights Council last year, Malaysia is still behaving in a barbaric manner.”
LoyarBuruk co-founder, Edmund Bon, meanwhile, pointed out that the law prohibited civilians only from wearing police and military uniform, while Article 10 of the Federal Constitution allows people the freedom to dress as they please.
“A rally is only considered illegal if it seeks to incite violence,” he added. “The intention of the Bersih rally is the complete opposite. Hishammuddin’s statement smacks of arrogance and is unacceptable.”
[Source: FMT]
http://malaysianfirstlast.blogspot.com/2011/06/experts-bersih-t-shirts-not-illegal.html
Experts: BERSIH T-shirts NOT illegal
The Home Minister comes in for a lot of flak for pronouncing that the wearing of BERSIH T-shirts is against the law.
PETALING JAYA: Home Minister Hishammuddin Hussein who said wearing yellow Bersih 2.0 T-shirts is illegal came under fire from lawyers and academics today who said he was “talking nonsense”.
Hishammuddin told the press this morning that the arrests of those wearing such T-shirts are justified as it is related to an illegal activity.
However, the experts said that he is wrong on both counts as neither the rally nor the T-shirt is illegal.
Professor Aziz Bari of Universiti Islam Antarabangsa asked which law Hishammuddin was referring to in declaring that T-shirts is illegal as there was none to his knowledge that supported the minister’s contention.
“It is too far-fetched and illogical,” he told FMT. “Since when is it an offence to wear a certain colour in public? The only provision that comes remotely close is acting indecently in public and I doubt that wearing a T-shirt is an offence. Hishammuddin is talking nonsense.”
Aziz added that Hishammuddin also needed to clarify under which law was the Bersih 2.0 rally planned for July 9 deemed an illegal gathering.
He pointed out that criminalising an activity is a parliamentary decision and not that of an individual minister or the police.
“There is no such thing as absolute power of the police,” he said. “In fact, it is illegal for the police to deny permits before the organisers submit an application. That would mean the police have pre-judged the rally, which is unfair.”
Barbaric manner
Fadiah Nadwa Fikri of Lawyers for Liberty rejected Hishammuddin’s statement outright, branding it an “abuse and misuse of power”.
“There is no such law prohibiting these T-shirts,” she said. “Furthermore, these T-shirts are not linked to an illegal activity because the Federal Constitution allows the right to peaceful assembly and the constitution is higher than any other law in this country.”
“Despite being elected into the United Nations Human Rights Council last year, Malaysia is still behaving in a barbaric manner.”
LoyarBuruk co-founder, Edmund Bon, meanwhile, pointed out that the law prohibited civilians only from wearing police and military uniform, while Article 10 of the Federal Constitution allows people the freedom to dress as they please.
“A rally is only considered illegal if it seeks to incite violence,” he added. “The intention of the Bersih rally is the complete opposite. Hishammuddin’s statement smacks of arrogance and is unacceptable.”
[Source: FMT]
http://malaysianfirstlast.blogspot.com/2011/06/experts-bersih-t-shirts-not-illegal.html
supports free and fair election。。。。。。。。ALL MALAYSIANS ‘ DREAM。。。。。A MUST FOR ALL。。。BASIC RIGHT OF ALL MALAYSIANS
TUESDAY, JUNE 28, 2011
SAPP supports free and fair election
KOTA KINABALU, June 27, 2011: Sabah Progressive Party (SAPP) Youth strongly support the efforts of Bersih on their 8 demands which should be acknowledged and respected.
It's Youth Leader, Edward Dagul said that it is the constitutional right of every Malaysian to voice his or her opinion, irrespective of the political inclinations.
"The 8 demands by Bersih should be respected and supported and if the voice is unheard, then the natural tendency of grouping takes over. The voices of the rakyat in wanting a free and fair election should not be stifled.
In the Bersih set up, the steering committee members have continuously stated that they are apolitical. Haris Ibrahim was quoted as saying, "We say again and again, Bersih is not pro-Pakatan Rakyat.. Neither are we anti-Barisan Nasional. We are pro-reform."
Edward emphasized that the image of a stronger, independent EC would only help to boost Malaysia's standing as being a proponent to fair, transparent and just governance. The demands by Bersih are similar to the 8 points declaration by the Party especially…"that the government shall be of the people and based on Good Governance and Civil Society."
"It is common knowledge to many that the current electoral system is riddled with faults to the extent of being biased to the government. The political gerrymandering of boundaries over the years, as well as the much talked continued presence of phantom voters within the electoral list are but a few of such examples in Sabah. Therefore, the demands by the Bersih organizers are justified and their proactive approach should be commended in making the country a more respected nation.
"Many have complained of the Election's Commission bias and our own experiences in Batu Sapi as well as the recently concluded Sarawak State elections are testament to this. SAPP has made numerous reports of election offences and other irregularities with the Election Commission but unfortunately, till now, no action has been taken.
Posted by JOE at 3:17 AM
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3 comments:
Best4rakyat said...
TQ my most respected regards to Joe, and Edward Dagul SAPP Youth for voicing out this clear stand supporting Bersih2.0 "clean and fair election" demands to SPR.
I'm just an ordinary malaysian but definitely stand up and hold my hands firm to support the demands and JUL09 rally by Bersih2.0 specially so amaze to salute this malaysian lady, Ambiga S who is leading the rally with determination.
Our brave men should be persuaded too to give her always their ultimate support,strengthened her faith for goodness of our future malaysian whether in politics or social arena.
Come on all gentlemen and also calling SAPP women it is time and also in history whereby this brave lady need you most spiritually or physically to stand for justice and democracy.
Not like some of leaders (not acceptable as men or gentlemen)who have thought to be very political but trying their cunning and crooked tactics to stop her.Wrongly accuse her by linking with politics or foreign agents as all are nonsense.We can see with wisdom for they are not the good leaders to safeguard rakyat's right thus cannot be respect as man to lead even in family with responsibility,agree?
Once again I am calling you if yet to do so to be with us and walk us through together with
Ambiga S giving her your strong lift at best effort to show justice as said with 'guts'.Women you have not less reason than any man even the socalled leader to render your strong support in united strength to Bersih2.0 in current society.
Those talks about equal role of female participation by talk cannot be proven for their wrongful accusation of good intent.
All is non-political and trust we are there on JUL09 because we want to really behave as good citizens who care for our future and nation.No force evil force can fail us in good faith!
June 28, 2011 10:03 AM
Anonymous said...
No man is so superior or having pride by telling off a brave lady to challenge him with gut in politics.
Bersih2.0 mission is clear and we shall see the non-political change or rather a good political change for the wrongly accused by misleading men who instead shall make be behind in supporting the good course!
This is an eye opening lesson for many of us to learn between good and evil.
June 28, 2011 10:15 AM
YellowRoyalRight said...
SAPP,Joe and fellow men,
Start your walk and change anything to yellow in your webpage,facebook and twitter as symbolic to support Bersih2.0 in action now immediately!
Thank you and pass on the message.
June 29, 2011 3:25 PM
SAPP supports free and fair election
KOTA KINABALU, June 27, 2011: Sabah Progressive Party (SAPP) Youth strongly support the efforts of Bersih on their 8 demands which should be acknowledged and respected.
It's Youth Leader, Edward Dagul said that it is the constitutional right of every Malaysian to voice his or her opinion, irrespective of the political inclinations.
"The 8 demands by Bersih should be respected and supported and if the voice is unheard, then the natural tendency of grouping takes over. The voices of the rakyat in wanting a free and fair election should not be stifled.
In the Bersih set up, the steering committee members have continuously stated that they are apolitical. Haris Ibrahim was quoted as saying, "We say again and again, Bersih is not pro-Pakatan Rakyat.. Neither are we anti-Barisan Nasional. We are pro-reform."
Edward emphasized that the image of a stronger, independent EC would only help to boost Malaysia's standing as being a proponent to fair, transparent and just governance. The demands by Bersih are similar to the 8 points declaration by the Party especially…"that the government shall be of the people and based on Good Governance and Civil Society."
"It is common knowledge to many that the current electoral system is riddled with faults to the extent of being biased to the government. The political gerrymandering of boundaries over the years, as well as the much talked continued presence of phantom voters within the electoral list are but a few of such examples in Sabah. Therefore, the demands by the Bersih organizers are justified and their proactive approach should be commended in making the country a more respected nation.
"Many have complained of the Election's Commission bias and our own experiences in Batu Sapi as well as the recently concluded Sarawak State elections are testament to this. SAPP has made numerous reports of election offences and other irregularities with the Election Commission but unfortunately, till now, no action has been taken.
Posted by JOE at 3:17 AM
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3 comments:
Best4rakyat said...
TQ my most respected regards to Joe, and Edward Dagul SAPP Youth for voicing out this clear stand supporting Bersih2.0 "clean and fair election" demands to SPR.
I'm just an ordinary malaysian but definitely stand up and hold my hands firm to support the demands and JUL09 rally by Bersih2.0 specially so amaze to salute this malaysian lady, Ambiga S who is leading the rally with determination.
Our brave men should be persuaded too to give her always their ultimate support,strengthened her faith for goodness of our future malaysian whether in politics or social arena.
Come on all gentlemen and also calling SAPP women it is time and also in history whereby this brave lady need you most spiritually or physically to stand for justice and democracy.
Not like some of leaders (not acceptable as men or gentlemen)who have thought to be very political but trying their cunning and crooked tactics to stop her.Wrongly accuse her by linking with politics or foreign agents as all are nonsense.We can see with wisdom for they are not the good leaders to safeguard rakyat's right thus cannot be respect as man to lead even in family with responsibility,agree?
Once again I am calling you if yet to do so to be with us and walk us through together with
Ambiga S giving her your strong lift at best effort to show justice as said with 'guts'.Women you have not less reason than any man even the socalled leader to render your strong support in united strength to Bersih2.0 in current society.
Those talks about equal role of female participation by talk cannot be proven for their wrongful accusation of good intent.
All is non-political and trust we are there on JUL09 because we want to really behave as good citizens who care for our future and nation.No force evil force can fail us in good faith!
June 28, 2011 10:03 AM
Anonymous said...
No man is so superior or having pride by telling off a brave lady to challenge him with gut in politics.
Bersih2.0 mission is clear and we shall see the non-political change or rather a good political change for the wrongly accused by misleading men who instead shall make be behind in supporting the good course!
This is an eye opening lesson for many of us to learn between good and evil.
June 28, 2011 10:15 AM
YellowRoyalRight said...
SAPP,Joe and fellow men,
Start your walk and change anything to yellow in your webpage,facebook and twitter as symbolic to support Bersih2.0 in action now immediately!
Thank you and pass on the message.
June 29, 2011 3:25 PM
Monday, June 27, 2011
Thursday, June 23, 2011
HAI-O STILL OVER-VALUE............SHOULD NOT BUY AT THIS JUNCTURE
Friday, June 24, 2011
Haio- calm returned
Results Update
Haio has just announced its results for QE30/4/2011. Its net profit increased by 35% q-o-q to RM8.5 million while turnover increased marginally by 1% to RM58 million. The improvement was attributed to "the recovery of MLM division... (which) has been emphasizing heavily in motivation and product training programs. The trip incentive campaign has successfully attracted a wider group of lower level core distributors which had contributed higher revenue to the MLM division".
When compared to the same quarter last year, Haio's net profit was lower by 40% while turnover was similarly lower by 41%. "The drop in revenue and pre-tax profit was mainly due to lower contribution from its principal subsidiary, the multi-level marketing (“MLM”) division, which remains as one of the largest contributor to the group". This explanation for the decline in financial performance on a y-o-y basis juxtaposed against the better financial performance on a q-o-q basis is somewhat confusing, but it bring out the importance of MLM division to Haio's overall financial performance. It also reflects the sharp decline in MLM business in the past one year. A better picture is given in Chart 1 below. However, some stability has returned to Haio's MLM business but it is still too early to expect a sharp recovery.
Table: Haio's last 8 quarterly results
Chart 1: Haio's last 25 quarterly results
Valuation
Haio (closed at RM2.16) is now trading at a PE of 15 times (based on last 4 quarters' EPS of 14.44 sen). At this multiple, Haio is overvalued. The only way one can justify this high PE is that the market believe that Haio can stage a dramatic recovery. Can it?
Technical Outlook
Haio broke below its intermediate term uptrend line (St-St) & long-term uptrend line(SS) in May & December 2010. Haio needs to go through a bottoming phase, which we have yet to see. Would it bottom at RM1.80-2.00 or RM1.30-1.50? We will have to wait & see.
Chart 2: Haio's weekly chart as at June 20, 2010 (Source: Tradesignum)
Chart 3: Haio's monthly chart as at June 1, 2010_log (Source: Tradesignum)
Conclusion
Based on overvaluation & poor technical outlook, Haio remained a stock to be avoided. However, we have noted that its financial performance has regained some measure of stability & the stock is worth close track for possible sign of recovery.
http://nexttrade.blogspot.com/2011/06/haio-calm-returned.html
*****************
Should wait....as the price is still high...................
Haio- calm returned
Results Update
Haio has just announced its results for QE30/4/2011. Its net profit increased by 35% q-o-q to RM8.5 million while turnover increased marginally by 1% to RM58 million. The improvement was attributed to "the recovery of MLM division... (which) has been emphasizing heavily in motivation and product training programs. The trip incentive campaign has successfully attracted a wider group of lower level core distributors which had contributed higher revenue to the MLM division".
When compared to the same quarter last year, Haio's net profit was lower by 40% while turnover was similarly lower by 41%. "The drop in revenue and pre-tax profit was mainly due to lower contribution from its principal subsidiary, the multi-level marketing (“MLM”) division, which remains as one of the largest contributor to the group". This explanation for the decline in financial performance on a y-o-y basis juxtaposed against the better financial performance on a q-o-q basis is somewhat confusing, but it bring out the importance of MLM division to Haio's overall financial performance. It also reflects the sharp decline in MLM business in the past one year. A better picture is given in Chart 1 below. However, some stability has returned to Haio's MLM business but it is still too early to expect a sharp recovery.
Table: Haio's last 8 quarterly results
Chart 1: Haio's last 25 quarterly results
Valuation
Haio (closed at RM2.16) is now trading at a PE of 15 times (based on last 4 quarters' EPS of 14.44 sen). At this multiple, Haio is overvalued. The only way one can justify this high PE is that the market believe that Haio can stage a dramatic recovery. Can it?
Technical Outlook
Haio broke below its intermediate term uptrend line (St-St) & long-term uptrend line(SS) in May & December 2010. Haio needs to go through a bottoming phase, which we have yet to see. Would it bottom at RM1.80-2.00 or RM1.30-1.50? We will have to wait & see.
Chart 2: Haio's weekly chart as at June 20, 2010 (Source: Tradesignum)
Chart 3: Haio's monthly chart as at June 1, 2010_log (Source: Tradesignum)
Conclusion
Based on overvaluation & poor technical outlook, Haio remained a stock to be avoided. However, we have noted that its financial performance has regained some measure of stability & the stock is worth close track for possible sign of recovery.
http://nexttrade.blogspot.com/2011/06/haio-calm-returned.html
*****************
Should wait....as the price is still high...................
World spotlight for Bersih: Sister-rallies in Korea, Japan, Australia, US
Thursday, 23 June 2011 19:21
World spotlight for Bersih: Sister-rallies in Korea, Japan, Australia, US
Written by Wong Choon Mei, Malaysia Chronicle
font size Print E-mail 41 Comments
UPDATED
In a move that will put the global spotlight on Malaysia and prevent Prime Minister Najib Razak's government from using unsavory means to thwart citizens, civil rights group Bersih announced that overseas rallies will be held simultaneously with its upcoming July 9 Walk for Democracy in Kuala Lumpur.
Bersih said the overseas demonstrations were initiated by Malaysians who lived abroad, who supported the demands and objectives of the Bersih 2.0 rally. The solidarity rallies will be held in Seoul, Canberra, Melbourne, Sydney, Osaka, Los Angeles, San Francisco and New York.
“We regard this wide interest by the Malaysian diaspora as an indication that Malaysians from all walks of life believe in the need for electoral reform and the upholding of democracy,” the Bersih organising committee said in a statement out on Thursday.
“Malaysian citizens living abroad should rise to the occasion and demand for their right to vote via postal ballot in the upcoming 13th General Election.”
Malaysians reach out to help each other
The Bersih 2.0 or Walk for Democracy is a rally organized by 62 civil rights NGOs. It aims to hand over a memorandum to the King, demanding critical reforms ahead of snap general elections widely expected to be held soon.
The Bersih committee is made up of chairman Ambiga Sreenevasan, Andrew Khoo, K. Arumugam , Dr Farouk Musa, Haris Ibrahim, Liau Kok Fah, Maria Chin Abdullah, Richard YW Yeoh, Dr Toh Kin Woon, Dr Wong Chin Huat, Yeo Yang Poh, Zaid Kamaruddin, Dr Subramaniam Pillay and Arul Prakkash.
Bersih is also worried because in its last rally in 2007, the government unleashed a brutal police force on some 50,000 demonstrators, using tear gas and chemical-laced water canon sprays.
This year, Home Minister Hishammuddin Hussien has refused to grant any permits, therby making the rally illegal. His high-handed ban sparked an immediate storm of protest.
"By refusing to issue a permit is to make it illegal. So to punish those who take part is very unfair. Why should the permit be withheld in the first place? By doing so, the government will be seen as forcing the people to take part in an illegal activity," Ramon Navaratnem, past president of Transparency International told Malaysia Chronicle.
Ethnic cleansing to death threats
The Pakatan Rakyat by led by Opposition Leader Anwar Ibrahim has declared support for the rally's anti-election fraud platform. PAS president Hadi Awang has ordered all of the party's 1 million members to attend.
However, Najib's government opposes it and has roused a host of racial rights groups such as Perkasa and its chief Ibrahim Ali to scare off the crowds. Ibrahim angered his fellow countrymen by threatening ethnic cleansing against the Malaysian Chinese, warning of a reprisal of the May 13, 1969, racial riots where extremist Malay groups had kill scores of ethnic Chinese.
As in the past, the Najib administration protected Ibrahim and refused to punish him for his overtly seditious comments. On Thurday, a crudely-worded death threat was sent to the well-respected Ambiga.
That was the last straw. It galvanized Malaysia's entire civil society movement into action and Bersih to vow the rally would go on regardless of Najib's worst efforts.
A successful rally is seen as a slap in the face for Najib's leadership. In office since April 2009, he is seen as the worst premier since independence in 1957. He has resorted to a mix of racial and religious politicking used by former premier Mahathir Mohamad and launched an unprecedented wave of gutter politicking against Anwar.
From sodomy charges to a sex video scandal, the Najib regime mercilessly hounded the Opposition Leader, without realizing they had stirred deep public disgust for themselves. Critics also believe Najib and his cohorts are now seeking ways to destroy the popularity of newly-minted PAS deputy president Mohamad Sabu.
Date: 9 July 2011 Time: 3pm Venue: Malaysian High Commission, 4-1 Hannam-dong, 140-210, Seoul
Date: 9 July 2011 Time: 12.00pm Venue: Malaysian Consulate in Canberra, Melbourne and Sydney (simultaneous)
Date: 9 July 2011 Time: 3.00pm Venue: Tower of the Sun, Osaka
Date: 9 July 2011 Time: 10.00am Venue: Consulate General of Malaysia,550 South Hope Street,Suite 400, Los Angeles
Date: 9 July 2011 Time: 9.30am Venue: Chrissy Field Picnic Area, Presidio, San Francisco
Date: 9 July 2011 Time: 10.00am Venue: Consulate General of Malaysia, 313 East 43rd Street, New York
Related Story: Long-overdue Chinese anger erupts: Why they must vote anyone but the BN
- Malaysia Chronicle
Malaysia Chronicle appends below the 8 reforms drawn up and demanded on behalf of Malaysians by the the Bersih steering committee:
1. Clean the electoral roll
The electoral roll is marred with irregularities such as deceased persons and multiple persons registered under a single address or non-existent addresses. The electoral roll must be revised and updated to wipe out these ‘phantom voters’. The rakyat have a right to an electoral roll that is an accurate reflection of the voting population.
In the longer term, BERSIH 2.0 also calls for the EC to implement an automated voter registration system upon eligibility to reduce irregularities.
2. Reform postal ballot
The current postal ballot system must be reformed to ensure that all citizens of Malaysia are able to exercise their right to vote. Postal ballot should not only be open for all Malaysian citizens living abroad, but also for those within the country who cannot be physically present in their voting constituency on polling day. Police, military and civil servants too must vote normally like other voters if not on duty on polling day.
The postal ballot system must be transparent. Party agents should be allowed to monitor the entire process of postal voting.
3. Use of indelible ink
Indelible ink must be used in all elections. It is a simple, affordable and effective solution in preventing voter fraud. In 2007, the EC decided to implement the use of indelible ink. However, in the final days leading up to the 12th General Elections, the EC decided to withdraw the use of indelible ink citing legal reasons and rumours of sabotage.
BERSIH 2.0 demands for indelible ink to be used for all the upcoming elections. Failure to do so will lead to the inevitable conclusion that there is an intention to allow voter fraud.
4. Minimum 21 days campaign period
The EC should stipulate a campaign period of not less than 21 days. A longer campaign period would allow voters more time to gather information and deliberate on their choices. It will also allow candidates more time to disseminate information to rural areas. The first national elections in 1955 under the British Colonial Government had a campaign period of 42 days but the campaign period for 12th GE in 2008 was a mere 8 days.
5. Free and fair access to media
It is no secret that the Malaysian mainstream media fails to practice proportionate, fair and objective reporting for political parties of all divide. BERSIH 2.0 calls on the EC to press for all media agencies, especially state-funded media agencies such as Radio and Television Malaysia (RTM) and Bernama to allocate proportionate and objective coverage for all potlical parties.
6. Strengthen public institutions
Public institutions must act independently and impartially in upholding the rule of law and democracy. Public institutions such as the Judiciary, Attorney-General, Malaysian Anti-Corruption Agency (MACC), Police and the EC must be reformed to act independently, uphold laws and protect human rights.
In particular, the EC must perform its constitutional duty to act independently and impartially so as to enjoy public confidence. The EC cannot continue to claim that they have no power to act, as the law provides for sufficient powers to institute a credible electoral system.
7. Stop corruption
Corruption is a disease that has infected every aspect of Malaysian life. BERSIH 2.0 and the rakyat demand for an end to all forms of corruption. Current efforts to eradicate corruption are mere tokens to appease public grouses. We demand that serious action is taken against ALL allegations of corruption, including vote buying.
8. Stop dirty politics
Malaysians are tired of dirty politics that has been the main feature of the Malaysian political arena. We demand for all political parties and politicians to put an end to gutter politics. As citizens and voters, we are not interested in gutter politics; we are interested in policies that affect the nation.
- ENDS
Last modified on Thursday, 23 June 2011 23:45
Published in Politics
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41 Comments
Comment Link Friday, 24 June 2011 12:59 posted by Ashraf
Wow! This is pedigree stuff! Or am I dreaming? It is so gratifying to hear that solidarity rallies will he held simultaneously in cities around the world on July 9th in support of Bersih. World attention is needed to knock real sense into Umno's block-heads. Man, this is only the begining, wait till you see the ending. The latest word is that several Umno leaders are rushing to visit head-shrinks as this new development is wrecking their nerves.
This brings to mind a song by Yoko and John Lenon "Power to the People!"
Comment Link Friday, 24 June 2011 12:27 posted by syahroni t
To my fellow Malaysians in Jakarta: JOM! Let's do our small but not insignificant part in this historic event in the making!
Comment Link Friday, 24 June 2011 12:05 posted by vie
if perkasa n umno going to march
then can ask the police to take care of
them from creating all the trouble.no need
the police at the bersih march.
polis boleh
Comment Link Friday, 24 June 2011 12:00 posted by vie
invite all press people from all over the
world cos of perkasa idea.
Comment Link Friday, 24 June 2011 11:45 posted by John Hardick
It is change or be change. Signs of the time but UMNO lives in the past.
They have badly miscalculated and has now lost 3 years. No way back. Time for change.
Walk away peacefully, we may yet allow you to get away with it. Make life difficult for us, we will make sure you pay back our dues with compound interest.
Comment Link Friday, 24 June 2011 10:27 posted by ANGRY malaysian
I hope there'll be video coverage on all of these places, it will be a moment to remember when all Malaysians rise as one for fair and clean elections.
World spotlight for Bersih: Sister-rallies in Korea, Japan, Australia, US
Written by Wong Choon Mei, Malaysia Chronicle
font size Print E-mail 41 Comments
UPDATED
In a move that will put the global spotlight on Malaysia and prevent Prime Minister Najib Razak's government from using unsavory means to thwart citizens, civil rights group Bersih announced that overseas rallies will be held simultaneously with its upcoming July 9 Walk for Democracy in Kuala Lumpur.
Bersih said the overseas demonstrations were initiated by Malaysians who lived abroad, who supported the demands and objectives of the Bersih 2.0 rally. The solidarity rallies will be held in Seoul, Canberra, Melbourne, Sydney, Osaka, Los Angeles, San Francisco and New York.
“We regard this wide interest by the Malaysian diaspora as an indication that Malaysians from all walks of life believe in the need for electoral reform and the upholding of democracy,” the Bersih organising committee said in a statement out on Thursday.
“Malaysian citizens living abroad should rise to the occasion and demand for their right to vote via postal ballot in the upcoming 13th General Election.”
Malaysians reach out to help each other
The Bersih 2.0 or Walk for Democracy is a rally organized by 62 civil rights NGOs. It aims to hand over a memorandum to the King, demanding critical reforms ahead of snap general elections widely expected to be held soon.
The Bersih committee is made up of chairman Ambiga Sreenevasan, Andrew Khoo, K. Arumugam , Dr Farouk Musa, Haris Ibrahim, Liau Kok Fah, Maria Chin Abdullah, Richard YW Yeoh, Dr Toh Kin Woon, Dr Wong Chin Huat, Yeo Yang Poh, Zaid Kamaruddin, Dr Subramaniam Pillay and Arul Prakkash.
Bersih is also worried because in its last rally in 2007, the government unleashed a brutal police force on some 50,000 demonstrators, using tear gas and chemical-laced water canon sprays.
This year, Home Minister Hishammuddin Hussien has refused to grant any permits, therby making the rally illegal. His high-handed ban sparked an immediate storm of protest.
"By refusing to issue a permit is to make it illegal. So to punish those who take part is very unfair. Why should the permit be withheld in the first place? By doing so, the government will be seen as forcing the people to take part in an illegal activity," Ramon Navaratnem, past president of Transparency International told Malaysia Chronicle.
Ethnic cleansing to death threats
The Pakatan Rakyat by led by Opposition Leader Anwar Ibrahim has declared support for the rally's anti-election fraud platform. PAS president Hadi Awang has ordered all of the party's 1 million members to attend.
However, Najib's government opposes it and has roused a host of racial rights groups such as Perkasa and its chief Ibrahim Ali to scare off the crowds. Ibrahim angered his fellow countrymen by threatening ethnic cleansing against the Malaysian Chinese, warning of a reprisal of the May 13, 1969, racial riots where extremist Malay groups had kill scores of ethnic Chinese.
As in the past, the Najib administration protected Ibrahim and refused to punish him for his overtly seditious comments. On Thurday, a crudely-worded death threat was sent to the well-respected Ambiga.
That was the last straw. It galvanized Malaysia's entire civil society movement into action and Bersih to vow the rally would go on regardless of Najib's worst efforts.
A successful rally is seen as a slap in the face for Najib's leadership. In office since April 2009, he is seen as the worst premier since independence in 1957. He has resorted to a mix of racial and religious politicking used by former premier Mahathir Mohamad and launched an unprecedented wave of gutter politicking against Anwar.
From sodomy charges to a sex video scandal, the Najib regime mercilessly hounded the Opposition Leader, without realizing they had stirred deep public disgust for themselves. Critics also believe Najib and his cohorts are now seeking ways to destroy the popularity of newly-minted PAS deputy president Mohamad Sabu.
Date: 9 July 2011 Time: 3pm Venue: Malaysian High Commission, 4-1 Hannam-dong, 140-210, Seoul
Date: 9 July 2011 Time: 12.00pm Venue: Malaysian Consulate in Canberra, Melbourne and Sydney (simultaneous)
Date: 9 July 2011 Time: 3.00pm Venue: Tower of the Sun, Osaka
Date: 9 July 2011 Time: 10.00am Venue: Consulate General of Malaysia,550 South Hope Street,Suite 400, Los Angeles
Date: 9 July 2011 Time: 9.30am Venue: Chrissy Field Picnic Area, Presidio, San Francisco
Date: 9 July 2011 Time: 10.00am Venue: Consulate General of Malaysia, 313 East 43rd Street, New York
Related Story: Long-overdue Chinese anger erupts: Why they must vote anyone but the BN
- Malaysia Chronicle
Malaysia Chronicle appends below the 8 reforms drawn up and demanded on behalf of Malaysians by the the Bersih steering committee:
1. Clean the electoral roll
The electoral roll is marred with irregularities such as deceased persons and multiple persons registered under a single address or non-existent addresses. The electoral roll must be revised and updated to wipe out these ‘phantom voters’. The rakyat have a right to an electoral roll that is an accurate reflection of the voting population.
In the longer term, BERSIH 2.0 also calls for the EC to implement an automated voter registration system upon eligibility to reduce irregularities.
2. Reform postal ballot
The current postal ballot system must be reformed to ensure that all citizens of Malaysia are able to exercise their right to vote. Postal ballot should not only be open for all Malaysian citizens living abroad, but also for those within the country who cannot be physically present in their voting constituency on polling day. Police, military and civil servants too must vote normally like other voters if not on duty on polling day.
The postal ballot system must be transparent. Party agents should be allowed to monitor the entire process of postal voting.
3. Use of indelible ink
Indelible ink must be used in all elections. It is a simple, affordable and effective solution in preventing voter fraud. In 2007, the EC decided to implement the use of indelible ink. However, in the final days leading up to the 12th General Elections, the EC decided to withdraw the use of indelible ink citing legal reasons and rumours of sabotage.
BERSIH 2.0 demands for indelible ink to be used for all the upcoming elections. Failure to do so will lead to the inevitable conclusion that there is an intention to allow voter fraud.
4. Minimum 21 days campaign period
The EC should stipulate a campaign period of not less than 21 days. A longer campaign period would allow voters more time to gather information and deliberate on their choices. It will also allow candidates more time to disseminate information to rural areas. The first national elections in 1955 under the British Colonial Government had a campaign period of 42 days but the campaign period for 12th GE in 2008 was a mere 8 days.
5. Free and fair access to media
It is no secret that the Malaysian mainstream media fails to practice proportionate, fair and objective reporting for political parties of all divide. BERSIH 2.0 calls on the EC to press for all media agencies, especially state-funded media agencies such as Radio and Television Malaysia (RTM) and Bernama to allocate proportionate and objective coverage for all potlical parties.
6. Strengthen public institutions
Public institutions must act independently and impartially in upholding the rule of law and democracy. Public institutions such as the Judiciary, Attorney-General, Malaysian Anti-Corruption Agency (MACC), Police and the EC must be reformed to act independently, uphold laws and protect human rights.
In particular, the EC must perform its constitutional duty to act independently and impartially so as to enjoy public confidence. The EC cannot continue to claim that they have no power to act, as the law provides for sufficient powers to institute a credible electoral system.
7. Stop corruption
Corruption is a disease that has infected every aspect of Malaysian life. BERSIH 2.0 and the rakyat demand for an end to all forms of corruption. Current efforts to eradicate corruption are mere tokens to appease public grouses. We demand that serious action is taken against ALL allegations of corruption, including vote buying.
8. Stop dirty politics
Malaysians are tired of dirty politics that has been the main feature of the Malaysian political arena. We demand for all political parties and politicians to put an end to gutter politics. As citizens and voters, we are not interested in gutter politics; we are interested in policies that affect the nation.
- ENDS
Last modified on Thursday, 23 June 2011 23:45
Published in Politics
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41 Comments
Comment Link Friday, 24 June 2011 12:59 posted by Ashraf
Wow! This is pedigree stuff! Or am I dreaming? It is so gratifying to hear that solidarity rallies will he held simultaneously in cities around the world on July 9th in support of Bersih. World attention is needed to knock real sense into Umno's block-heads. Man, this is only the begining, wait till you see the ending. The latest word is that several Umno leaders are rushing to visit head-shrinks as this new development is wrecking their nerves.
This brings to mind a song by Yoko and John Lenon "Power to the People!"
Comment Link Friday, 24 June 2011 12:27 posted by syahroni t
To my fellow Malaysians in Jakarta: JOM! Let's do our small but not insignificant part in this historic event in the making!
Comment Link Friday, 24 June 2011 12:05 posted by vie
if perkasa n umno going to march
then can ask the police to take care of
them from creating all the trouble.no need
the police at the bersih march.
polis boleh
Comment Link Friday, 24 June 2011 12:00 posted by vie
invite all press people from all over the
world cos of perkasa idea.
Comment Link Friday, 24 June 2011 11:45 posted by John Hardick
It is change or be change. Signs of the time but UMNO lives in the past.
They have badly miscalculated and has now lost 3 years. No way back. Time for change.
Walk away peacefully, we may yet allow you to get away with it. Make life difficult for us, we will make sure you pay back our dues with compound interest.
Comment Link Friday, 24 June 2011 10:27 posted by ANGRY malaysian
I hope there'll be video coverage on all of these places, it will be a moment to remember when all Malaysians rise as one for fair and clean elections.
分齡保養從「齒」開始
預防牙齒毛病，從徹底潔牙開始！
牙齒保健對人體健康而言扮演著重要的角色，現代人卻缺乏衛教觀念，疏於照護，導致各種牙齒問題層出不窮，甚至變成常態，解決根本口腔問題，必須從基本潔牙工作做起。
文/莊惠旭
牙齒保健重要性
牙齒象徵著一個人的健康指標，英國牙科醫生調查發現，一個人的牙齒如果不健康會影響給別人的印象，看起來顯老 10 餘歲，牙齒不僅對人的外觀具有重要意義，也影響人的整體健康。台北醫學大學口腔衛生學系教授暨系主任以及XYLITOL預防牙醫研究學會常務理事蔡恒惠進一步說明，每一次進食完，口腔內都會產生細菌，如果沒有做好清潔工作，讓細菌不斷滋生，口腔問題會跟隨一輩子，因此從小就要注重口腔清潔工作。
牙齒分齡保養停看聽
各年齡層牙齒保健需注意的重點不一，若疏於照護出現的問題亦相當讓人頭疼，因此一定要做好基本口腔保健工作！
幼年期
常見問題
齲齒：俗稱蛀牙，指牙齒的組織逐漸被破壞，主要是因為孩子愛吃甜食，又沒有做好口腔清潔工作所導致，李育青特別提到，市售配方奶含糖成分高，導致還在喝奶的小小孩尤其容易發生奶瓶性蛀牙的情形，因此家長需特別幫孩子做好口腔清潔的工作。另外有些家長誤認為乳牙會換，因此不用太勤於照護，台東大安牙醫診所醫師李育青說，疏於照護嚴重可能導致化膿需要抽神經進而影響成齒，反而更糟糕。
照護方式：除了做好清潔工作，定期塗氟，亦可食用含XYLITOL成分的保健用品，包括口香糖、藥錠、漱口水、氟化物等，幫助抑制引起蛀牙的酸性物質，清潔牙齒。
關於XYLITOL
XYLITOL又稱「戊五醇」，是一種可以作為蔗糖替代物的五碳糖醇，廣泛存在於各種植物中，甜度與蔗糖相當，但熱量只有蔗糖的60%。是一種具有預防齲齒(蛀牙)功效的天然植物甜味劑，口感甜而清涼。能抑制引起蛀牙的酸性物質產生，世界各國牙醫學會都積極推薦使用XYLITOL含量佔50%以上的產品可幫助預防齲齒。
青少年及中年期
常見問題
牙周病：牙周病是一種慢性細菌感染造成的疾病，會影響牙齒周圍組織，包括牙齦、齒槽骨及牙周韌帶。常見的慢性牙周病分為牙齦炎和牙周炎，這兩種臨床症狀不盡相同的疾病，一般統稱為「牙周病」。口腔清潔工作沒做好，容易變成牙齦炎，嚴重則會導致牙周病，而抽煙、懷孕與青春期、有壓力、長期吃藥物、有磨牙習慣及糖尿病患者，是罹患牙周病的高危險群。牙周病一般臨床症狀並不明顯，除非急性發炎時，引起腫痛或經由牙齒定期檢查，才會被診斷出來，因此容易被忽視。
照護方式：正確潔牙、輔助使用漱口水或藥物。值得注意的是，牙菌斑中細菌可經唾液，在家庭成員中散佈，蔡恒惠指出，新生兒的口腔細菌，通常會經由母親或照顧者的唾液傳染給嬰兒，在30%的牙周病患者，其破壞快速並非由細菌一手造成，也有可能是來自遺傳的因素，因此應定期做口腔檢查，不但助於早期發現，早期治療的目的，而且家庭中患有年輕便發病的嚴重牙周炎患者，建議其家庭成員也作適當的檢查。
生一個小孩＝掉一顆牙？
常聽老一輩有這樣的說法，蔡恒惠表示，懷孕時因荷爾蒙變化、飲食習慣改變，加上壓力大，導致唾液大量分泌，因此容易造成口腔出現高危險的狀況，其實只要徹底做好清潔工作，定期至診所檢查，就能避免牙齒出問題。
老年期
常見問題
缺牙、牙齦萎縮：造成病理性牙齦萎縮的主要原因是牙刷選擇不當和刷牙方法不正確、使用刷毛過硬的牙刷和使用拉鋸式的橫刷法，都會致使牙齦萎縮。另外，牙周病亦會導致牙齦萎縮，當牙齦出現反復膿腫，最後都會發展到牙齒脫落。
照護方式：裝設假牙，不過如果消毒清潔工作不夠徹底，仍舊沒有幫助；人工植牙可解決活動假牙配戴不適之問題，但必須仔細評估牙齦骨質密度問題，且植牙不是一勞永逸，要定期回診、保固，才能使用一輩子。
植牙有必要嗎？
當醫師告知建議植牙時，病患必須做足功課，才能讓醫病關係有良性發展，李育青建議，可以尋求第二醫師，評估口腔情形是否合適，再做決定。接受植牙與否需注意以下要點：1.個人身體狀況：有些牙周病及骨質疏鬆患者服用的藥物會破壞植牙成分，不適合做植牙。2.經濟情形：植體種類多，費用又高，該選擇哪一種及是否負擔得起都要考慮。3.醫師有無告知植牙應注意事項及後遺症。
牙齒保健對人體健康而言扮演著重要的角色，現代人卻缺乏衛教觀念，疏於照護，導致各種牙齒問題層出不窮，甚至變成常態，解決根本口腔問題，必須從基本潔牙工作做起。
文/莊惠旭
牙齒保健重要性
牙齒象徵著一個人的健康指標，英國牙科醫生調查發現，一個人的牙齒如果不健康會影響給別人的印象，看起來顯老 10 餘歲，牙齒不僅對人的外觀具有重要意義，也影響人的整體健康。台北醫學大學口腔衛生學系教授暨系主任以及XYLITOL預防牙醫研究學會常務理事蔡恒惠進一步說明，每一次進食完，口腔內都會產生細菌，如果沒有做好清潔工作，讓細菌不斷滋生，口腔問題會跟隨一輩子，因此從小就要注重口腔清潔工作。
牙齒分齡保養停看聽
各年齡層牙齒保健需注意的重點不一，若疏於照護出現的問題亦相當讓人頭疼，因此一定要做好基本口腔保健工作！
幼年期
常見問題
齲齒：俗稱蛀牙，指牙齒的組織逐漸被破壞，主要是因為孩子愛吃甜食，又沒有做好口腔清潔工作所導致，李育青特別提到，市售配方奶含糖成分高，導致還在喝奶的小小孩尤其容易發生奶瓶性蛀牙的情形，因此家長需特別幫孩子做好口腔清潔的工作。另外有些家長誤認為乳牙會換，因此不用太勤於照護，台東大安牙醫診所醫師李育青說，疏於照護嚴重可能導致化膿需要抽神經進而影響成齒，反而更糟糕。
照護方式：除了做好清潔工作，定期塗氟，亦可食用含XYLITOL成分的保健用品，包括口香糖、藥錠、漱口水、氟化物等，幫助抑制引起蛀牙的酸性物質，清潔牙齒。
關於XYLITOL
XYLITOL又稱「戊五醇」，是一種可以作為蔗糖替代物的五碳糖醇，廣泛存在於各種植物中，甜度與蔗糖相當，但熱量只有蔗糖的60%。是一種具有預防齲齒(蛀牙)功效的天然植物甜味劑，口感甜而清涼。能抑制引起蛀牙的酸性物質產生，世界各國牙醫學會都積極推薦使用XYLITOL含量佔50%以上的產品可幫助預防齲齒。
青少年及中年期
常見問題
牙周病：牙周病是一種慢性細菌感染造成的疾病，會影響牙齒周圍組織，包括牙齦、齒槽骨及牙周韌帶。常見的慢性牙周病分為牙齦炎和牙周炎，這兩種臨床症狀不盡相同的疾病，一般統稱為「牙周病」。口腔清潔工作沒做好，容易變成牙齦炎，嚴重則會導致牙周病，而抽煙、懷孕與青春期、有壓力、長期吃藥物、有磨牙習慣及糖尿病患者，是罹患牙周病的高危險群。牙周病一般臨床症狀並不明顯，除非急性發炎時，引起腫痛或經由牙齒定期檢查，才會被診斷出來，因此容易被忽視。
照護方式：正確潔牙、輔助使用漱口水或藥物。值得注意的是，牙菌斑中細菌可經唾液，在家庭成員中散佈，蔡恒惠指出，新生兒的口腔細菌，通常會經由母親或照顧者的唾液傳染給嬰兒，在30%的牙周病患者，其破壞快速並非由細菌一手造成，也有可能是來自遺傳的因素，因此應定期做口腔檢查，不但助於早期發現，早期治療的目的，而且家庭中患有年輕便發病的嚴重牙周炎患者，建議其家庭成員也作適當的檢查。
生一個小孩＝掉一顆牙？
常聽老一輩有這樣的說法，蔡恒惠表示，懷孕時因荷爾蒙變化、飲食習慣改變，加上壓力大，導致唾液大量分泌，因此容易造成口腔出現高危險的狀況，其實只要徹底做好清潔工作，定期至診所檢查，就能避免牙齒出問題。
老年期
常見問題
缺牙、牙齦萎縮：造成病理性牙齦萎縮的主要原因是牙刷選擇不當和刷牙方法不正確、使用刷毛過硬的牙刷和使用拉鋸式的橫刷法，都會致使牙齦萎縮。另外，牙周病亦會導致牙齦萎縮，當牙齦出現反復膿腫，最後都會發展到牙齒脫落。
照護方式：裝設假牙，不過如果消毒清潔工作不夠徹底，仍舊沒有幫助；人工植牙可解決活動假牙配戴不適之問題，但必須仔細評估牙齦骨質密度問題，且植牙不是一勞永逸，要定期回診、保固，才能使用一輩子。
植牙有必要嗎？
當醫師告知建議植牙時，病患必須做足功課，才能讓醫病關係有良性發展，李育青建議，可以尋求第二醫師，評估口腔情形是否合適，再做決定。接受植牙與否需注意以下要點：1.個人身體狀況：有些牙周病及骨質疏鬆患者服用的藥物會破壞植牙成分，不適合做植牙。2.經濟情形：植體種類多，費用又高，該選擇哪一種及是否負擔得起都要考慮。3.醫師有無告知植牙應注意事項及後遺症。
Wednesday, June 22, 2011
Obedient Wives Club-----This call for Muslim sex goddesses is a setback for Malaysia
This call for Muslim sex goddesses is a setback for Malaysia
The Obedient Wives Club in Malaysia wants married Muslim women to be harlots in bed. How is this empowering?
Nazry Bahrawi
guardian.co.uk, Tuesday 21 June 2011 09.30 BST
Article history
Malaysia’s latest Islamic movement says women should be like high-class prostitutes in bed to cure sex-related social ills.
If women's liberation in Britain is brazenly expressed by marching the SlutWalk, the rage in Malaysia is to sign up for the Obedient Wives Club. Established this month, the club already has 800 members.
The founders of Malaysia's latest Islamic grassroots movement would surely chastise the SlutWalk on a rationale that goes something like this: had western societies acknowledged that man is hardwired for sex and endorsed polygamy, there could have been happy endings galore.
Jennifer Aniston would still be with Brad Pitt if she were willing to share him with Angelina Jolie. And Bill Clinton's term as US president would not have been scandalous had Hillary allowed her husband to take Monica Lewinsky as his second wife.
After all, Bill is just "being a man", says the club's founding member Rohaya Mohamad in an interview with the Malaysian Star newspaper.
The medicine graduate from the University of Wales, who is the third wife of a 45-year-old man, adds: "As a world leader, you are stressed up and one way to release your stress is by having sex."
As Muslim societies wrestle with women's rights, one would have thought such outrageous remarks would fall on deaf ears. Yet the club is expanding: it plans to open a new chapter for Malay Muslims in neighbouring Singapore soon.
Three factors underpin the club's popularity. Foremost, these women believe they are curing sex-related social ills such as rape, incest, prostitution and sex trafficking. On this lofty assumption rests a second factor. Its founders believe their aphrodisiac ways are a counter to "most women's groups", a veiled reference to western feminism, which ignore the repercussions when a wife does not sexually satisfy her husband.
Perhaps the most compelling factor is hinged on the belief that the club does God's work.
The Qur'an, they argue, is peppered with references to sex. To their detractors, another founding member Siti Maznah Mohamed Taufik has this to say: "God even promised sexual pleasure from beautiful bidadari [angels] in heaven for those who are good. So are you saying that God is sex-crazed or obscene?"
Men's natural proclivity for sex can be traced to Islam's first prophet, Adam, according to Royaha. "Eve was created because Adam had needs. Men have [sexual] needs which they can't control. And if the needs are not fulfilled, men will find another woman. God created them like that."
Combine all three factors and you get their panacea: make sex goddesses of married Muslim women to the point that they are better in bed than first-class prostitutes.
Yet these conjectures stand on shaky ground. To begin with, one can find no shortage of criminologists – even from the Muslim world – who would point out that pinning down the cause of rape, incest, prostitution and sex trafficking to the failure of a wife to slake her husband's sexual thirst is not just highly reductive but also sociologically unsound.
Surely not all rapists are sexually dissatisfied with their wives. Six seasons of Criminal Minds have suggested to me that most do it to exact revenge or to exert control.
But the founders are ignoring the rigorous debate on feminism in modern Islamic thought by theologians such as Fatima Mernissi and Asghar Ali Engineer. The latter has been instrumental in questioning the interpretation of the word qānitāt in the widely cited verse 4:34 of the Qur'an as "obedience to man" rather than "obedience to God". The verse is widely cited as testament that God wants wives to be docile.
Finally, the idea that the club offers an alternative to western feminism is more nuanced. There is a strong case to be made for multiple feminisms, as Nesrine Malik and Geraldine Brooks have argued. If Islamic feminism is to take shape, Malaysia's Obedient Wives Club doesn't offer an alternative, but a negation.
http://www.guardian.co.uk/commentisfree/belief/2011/jun/21/malaysia-obedient-wives-club
The Obedient Wives Club in Malaysia wants married Muslim women to be harlots in bed. How is this empowering?
Nazry Bahrawi
guardian.co.uk, Tuesday 21 June 2011 09.30 BST
Article history
Malaysia’s latest Islamic movement says women should be like high-class prostitutes in bed to cure sex-related social ills.
If women's liberation in Britain is brazenly expressed by marching the SlutWalk, the rage in Malaysia is to sign up for the Obedient Wives Club. Established this month, the club already has 800 members.
The founders of Malaysia's latest Islamic grassroots movement would surely chastise the SlutWalk on a rationale that goes something like this: had western societies acknowledged that man is hardwired for sex and endorsed polygamy, there could have been happy endings galore.
Jennifer Aniston would still be with Brad Pitt if she were willing to share him with Angelina Jolie. And Bill Clinton's term as US president would not have been scandalous had Hillary allowed her husband to take Monica Lewinsky as his second wife.
After all, Bill is just "being a man", says the club's founding member Rohaya Mohamad in an interview with the Malaysian Star newspaper.
The medicine graduate from the University of Wales, who is the third wife of a 45-year-old man, adds: "As a world leader, you are stressed up and one way to release your stress is by having sex."
As Muslim societies wrestle with women's rights, one would have thought such outrageous remarks would fall on deaf ears. Yet the club is expanding: it plans to open a new chapter for Malay Muslims in neighbouring Singapore soon.
Three factors underpin the club's popularity. Foremost, these women believe they are curing sex-related social ills such as rape, incest, prostitution and sex trafficking. On this lofty assumption rests a second factor. Its founders believe their aphrodisiac ways are a counter to "most women's groups", a veiled reference to western feminism, which ignore the repercussions when a wife does not sexually satisfy her husband.
Perhaps the most compelling factor is hinged on the belief that the club does God's work.
The Qur'an, they argue, is peppered with references to sex. To their detractors, another founding member Siti Maznah Mohamed Taufik has this to say: "God even promised sexual pleasure from beautiful bidadari [angels] in heaven for those who are good. So are you saying that God is sex-crazed or obscene?"
Men's natural proclivity for sex can be traced to Islam's first prophet, Adam, according to Royaha. "Eve was created because Adam had needs. Men have [sexual] needs which they can't control. And if the needs are not fulfilled, men will find another woman. God created them like that."
Combine all three factors and you get their panacea: make sex goddesses of married Muslim women to the point that they are better in bed than first-class prostitutes.
Yet these conjectures stand on shaky ground. To begin with, one can find no shortage of criminologists – even from the Muslim world – who would point out that pinning down the cause of rape, incest, prostitution and sex trafficking to the failure of a wife to slake her husband's sexual thirst is not just highly reductive but also sociologically unsound.
Surely not all rapists are sexually dissatisfied with their wives. Six seasons of Criminal Minds have suggested to me that most do it to exact revenge or to exert control.
But the founders are ignoring the rigorous debate on feminism in modern Islamic thought by theologians such as Fatima Mernissi and Asghar Ali Engineer. The latter has been instrumental in questioning the interpretation of the word qānitāt in the widely cited verse 4:34 of the Qur'an as "obedience to man" rather than "obedience to God". The verse is widely cited as testament that God wants wives to be docile.
Finally, the idea that the club offers an alternative to western feminism is more nuanced. There is a strong case to be made for multiple feminisms, as Nesrine Malik and Geraldine Brooks have argued. If Islamic feminism is to take shape, Malaysia's Obedient Wives Club doesn't offer an alternative, but a negation.
http://www.guardian.co.uk/commentisfree/belief/2011/jun/21/malaysia-obedient-wives-club
Monday, June 20, 2011
Sunday, June 19, 2011
THURSDAY, OCTOBER 21, 2010
AirAsia Bigger than MAS Bhd
Compare AirAsia and Malaysian Airline System
AirAsia 2.768mil shares X RM2.58 = RM7.44 bil
MAS Bhd 3.342mil shares X RM2.28 = RM7.62 bil
Due to price movement, there was once AirAsia larger than MAS in terms of market capitalization.
If AirAsia can secure more routes, then will continue to grow.
I have not heard of any plane crash involving AirAsia.
But I always feel AirAsia is just like a bus. Landed, then fly again. Have to rush to secure a seat. Always delay.
But people got NO CHOICE, have to take AirAsia. Even the service is bad, but few hundred dollar difference.
http://politemarket.blogspot.com/search/label/MAS
*************
NOW YOU SEE THE PRICE.........(20/06/2011)
AIRASIA IS RM3 PLUS
MAS ONLY RM1.43..
MAS....NO MORE EMAS OR GOLD........
IT IS GETTING CHEAPER AND CHEAPER........KLIA ALSO LESS PEOPLE NOWADAYS.....
MAS DULU (LAST TIME) IS MESTI ADA STANDARD, THEN BECAME MANA ADA STANDARD.......
NOW......MANA AKU SEKARANG????*(WHERE AM I).....
LOST PASSAGE...............................................PEOPLE NO MORE SAYING MAS IS THE BEST.....THEY WANT CHANGES.........
MORE SALARIES CUT AND STOP ALL BENEFITS, WELFARES FOR MAS STAFF ARE A MUST NOW.................AS IT IS SO LOUSY......NO MORE STANDARD......MAS SUDAH JADI BESI KARAT.............
THE OIL PRICE IS SLIPPING...WILL IT GOOD TO MAS?
AirAsia Bigger than MAS Bhd
Compare AirAsia and Malaysian Airline System
AirAsia 2.768mil shares X RM2.58 = RM7.44 bil
MAS Bhd 3.342mil shares X RM2.28 = RM7.62 bil
Due to price movement, there was once AirAsia larger than MAS in terms of market capitalization.
If AirAsia can secure more routes, then will continue to grow.
I have not heard of any plane crash involving AirAsia.
But I always feel AirAsia is just like a bus. Landed, then fly again. Have to rush to secure a seat. Always delay.
But people got NO CHOICE, have to take AirAsia. Even the service is bad, but few hundred dollar difference.
http://politemarket.blogspot.com/search/label/MAS
*************
NOW YOU SEE THE PRICE.........(20/06/2011)
AIRASIA IS RM3 PLUS
MAS ONLY RM1.43..
MAS....NO MORE EMAS OR GOLD........
IT IS GETTING CHEAPER AND CHEAPER........KLIA ALSO LESS PEOPLE NOWADAYS.....
MAS DULU (LAST TIME) IS MESTI ADA STANDARD, THEN BECAME MANA ADA STANDARD.......
NOW......MANA AKU SEKARANG????*(WHERE AM I).....
LOST PASSAGE...............................................PEOPLE NO MORE SAYING MAS IS THE BEST.....THEY WANT CHANGES.........
MORE SALARIES CUT AND STOP ALL BENEFITS, WELFARES FOR MAS STAFF ARE A MUST NOW.................AS IT IS SO LOUSY......NO MORE STANDARD......MAS SUDAH JADI BESI KARAT.............
THE OIL PRICE IS SLIPPING...WILL IT GOOD TO MAS?
Can-One International Sdn Bhd ("CISB" or "Plaintiff") VS KIAN JOO CAN FACTORY BERHAD
KIANJOO - MATERIAL LITIGATION
Announcement Type: General Announcement
Company Name: KIAN JOO CAN FACTORY BERHAD
Stock Name: KIANJOO
Date Announced: 20/06/2011
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
Description: Re: Kuala Lumpur High Court
Suit No. 22NCC-833-2011
Can-One International Sdn Bhd ("CISB" or "Plaintiff")
- versus -
1. Dato' See Teow Chuan ("1st Defendant")
2. Dato' Anthony See Teow Guan ("2nd Defendant")
3. See Teow Koon ("3rd Defendant")
4. See Tiau Kee ("4th Defendant")
5. Kian Joo Can Factory Berhad ("KJCF" or "5th Defendant")
(collectively "Defendants")
Announcement Type: General Announcement
Company Name: KIAN JOO CAN FACTORY BERHAD
Stock Name: KIANJOO
Date Announced: 20/06/2011
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
Description: Re: Kuala Lumpur High Court
Suit No. 22NCC-833-2011
Can-One International Sdn Bhd ("CISB" or "Plaintiff")
- versus -
1. Dato' See Teow Chuan ("1st Defendant")
2. Dato' Anthony See Teow Guan ("2nd Defendant")
3. See Teow Koon ("3rd Defendant")
4. See Tiau Kee ("4th Defendant")
5. Kian Joo Can Factory Berhad ("KJCF" or "5th Defendant")
(collectively "Defendants")
Friday, June 17, 2011
Thursday, June 16, 2011
MUHIBAH SHOCKS----股市陷阱。。。。。。另外一个PKFZ？？？？？？？？？？
FEATURED POST: THE MUHIBBAH FIASCO : HOW LOUSY DISCLOSURE COST SHAREHOLDERS MONIES
Here's an extremely good reply to the posting: And Muhibbah Comes Crashing Down.
Friday, June 17, 2011
The Muhibbah Fiasco : How Lousy Disclosure Cost Shareholders Monies
This is an extension of the discussion I have in Moolah blog post : And Muhibbah Comes Crashing Down. Since it is too long of a reply and it has attachment and stuff, I have to do it here. Do give his blog post a read.
First and foremost, this whole thing is preventable if one take a good look at the annual report. But, poor disclosure standard in Bursa as well as what I think is some non-compliance of Bursa Listing Rule by Muhibbah reduces the chance of shareholders of discovering the receivables issue. But, it is alright, I have my own fair share of stupid preventable mistakes.
Early last year, I made an investment into Choada Modern Agriculture (0682:HK) despite my brain tell me to do otherwise as there are a tad bit too many aggressive accounting practices and some dubious management actions.
However, the numbers like PE and ROAs and stuff looked a bit too good and I just drank a dose of Jim Rogers that I rationalize everything that is wrong with the company. By the middle of last year, I am starting to get a bit too uncomfortable and think the whole thing is a fraud as they have been avoiding to answer or deflecting some of the questions that I asked. So, I sell and took a 20+% loss. On hindsight, I have some really good luck as this whole Chaoda thing is being discovered a fraud by HK Next magazine this year and I would have lost my pants if I had not sold it at a loss. With the Chaoda experience, you would have think that this idiot will learn some lessons.
But, this idiot again make an ill-thought out blog post stating that I may go long on China MediaExpress without actually looking much into the company and try to rationalize too much. China MediaExpress turn out to be another fraud. I am again lucky that some kind soul actually talk me out of going long after reading my post. The key lesson learnt is to always read the footnotes, bring your brain with you when analysing companies and do not rationalize too much.
Lousy Financial Reporting Standard
That aside, back to Muhibbah. If one actually take the opportunity to read their disclosure in their annual report, one would not have face this problem. In their FY 2009 audited account, Muhibbah actually discloses this:
A trade debt of RM337.0 million (including retention sum of RM22.5 million) and an amount due from contract customer of RM28.3 million in relation to a project undertaken by the Company for the engineering, construction, installation, commissioning and completion of a bunkering facility has been outstanding for more than a year.
The project has temporarily ceased during the financial year ended 31 December 2009 due to financing difficulties encountered by the project owner. The last progress payment received by the Company was in February 2009.
The project owner has continued to approve the progress billings submitted by the Company and had acknowledged its obligations under the contract signed with the Company. The project owner has informed the Company that it is in the process of arranging an alternative source of financing and expects the arrangement to be completed by mid 2010.
The Directors have evaluated the situation and other evidence available, including the assessment of the status of the project owner’s refinancing arrangements, and are of the view that no allowance for doubtful debts or a write down in the amount due from contract customer is required at this moment.
The account is audited by KPMG and is issued at 30/4/2010. KPMG, short of qualifying the account (for those of non-accounting background: Unqualified means good, qualified means bad), actually emphasize the issue in their audit opinion in addition to the disclosure in the notes. The audit opinion, meanwhile, is something that most investors do not read although most bad stuff that the auditor do not agree with the management normally end up there.
Take note that by the time this audited account is being issued to shareholders, APH (the trade debtors) has not paid Muhibbah for more than a year. Plus, by the time the audited annual account is issued, it has reached mid 2010, the time frame that the whole financing thing supposed to be done. The fact that the opinion of the auditor remains the same means that the financing is not being completed yet.
In addition, pay attention to the management reason for not providing for any doubtful debts : APH acknowledge the obligation under contract signed by the company. It is just an acknowledgement. A normal thing.
It did not elevate Muhibbah position in the debtors packing list or provide them with any security. Just because APH acknowledge the debts, Muhibbah decide to not write down even a single cent of the thing. If say, the RM300mil debt is by different parties rather than one party, one may presumably would have write down the debt.
It is still okay if you hold on to the company at that point of time, as it is the first time the disclosure actually appeared.
But, I would not be comfortable to invest at that point and if I invest, I would be constantly bugging their IR for progress. To be fair to our super star Bursa's finest analyst at CIMB, they do touch on the issue in their 19-page initiating coverage of Muhibbah with one paragraph out of that 19 pages of crap and do not discuss the serious damage done to their equity in the event of a default but rather put a positive spin on the whole thing.
They maintain that the issue will be resolved within 1-2 months. Note, by the time that the initiating coverage is being produced, it is already in mid-November, well beyond the timeline stipulated in the audited account.
Our Bursa finest continued to report that the issue will be resolved within 1-2 months for one or two more reports until he conveniently forgotten about the issue in the subsequent buy call that he issued thereafter. Perhaps, it is 1-2 months too long.
Then, on 29/4/2011, Muhibbah issued another audited accounts, this time for FY 2010. The same crap again is being said..blah blah blah...acknowledge its obligation..blah blah blah, but this time, one sentence is being altered:
The project owner is confident that alternative arrangement can be completed in 2011, as negotiations with interested party have reached an advanced stage.
Last time, they says that it is mid-2010, now they says is in 2011. No early, mid or late, just 2011. Take note also that all this while, it is the project owner says, not Muhibbah says. Muhibbah is a good lender.
I do hope that they have a loan sharking division, if I ever end up borrowing money from loan shark, I will borrow from them.
If I delay payment for two year plus, I think any loan shark would probably chop my hand off or something. But, this Muhibbah is apparently fine with more than two years of delay in payment. No provision, not even a single cents is being provide against this possible default.
If you are a shareholder, if you saw this together with the sudden disappearance of reassuring words from our Bursa finest analyst on the issue, you should just sell. If you didn't, that is really padan muka.
The reason that shareholders may not have paid much attention to the issue may be due to something that I just found out today about our financial reporting. Apparently, in the audited accounts released by Malaysian listed company, there is no need for companies to report their account receivable ageing analysis.
Initially, I thought it was Muhibbah that purposely do not disclose only to found out that other listed companies in Malaysia do not disclose their accounts receivable ageing. No wonder there are so many receivables-related blow up in Malaysia.
Listed companies in SGX, HKEX ,even Indonesia and I believe the Philippines have to disclose their receivables ageing like this picture:
This sort of easy to read disclosure would certainly make shareholders pay attention to the RM337 million that pop up at the past due for more than 2 years column.
Apparently, in Malaysia, we do not need to produce such disclosure. If the situation is very serious like Muhibbah case, we are flooded with a long chunk of text that regular, non-accounting background investor, may be too intimidated to even read it.
If situation is serious, but not that serious, we may not even have a disclosure. You would have thought that, with so many receivables-related blow up in our country, those overpaid and useless buggers at our accounting standard board would adopt the best practices of their regional neighbours like Indonesia, but, instead, they are busy convincing the press that they should not be blame for any sort of fraud. Rather, the management should be blame, they say.
It is like Polis Raja Di Malaysia attributing their inability to catch any thief by blaming the thief for stealing.
It is the thief's job to steal, it is also the job of some questionable management to steal from shareholders. Sometimes, it makes you wonder why we need this sort of useless auditors.
The Change in Auditor
Another interesting point is that, Muhibbah actually change their auditors. They downgrade from a big 4 auditor- KPMG to a tier-two auditing firm Crowe Horwath. If a company upgrade their auditors, from a tier-two firm to a big 4, it is usually fine. But, if they downgrade, you need to pay attention.
It could be that KPMG is too afraid to sign the accounts because the receivables size is too bloody big, so, they drop Muhibbah as a client. Sometimes, companies will give you crappy explanation like the big 4 is overcharging them, so, they drop them to save shareholder money.
Most of the time, this is not the case. If Big 4 do not like the risk of auditing your accounts, they will purposely inflate the auditing cost to a price that you could not afford, a decent way for the Big 4 to tell you that, "we do not want to audit your company, it is too risky".
As there are 4 big 4 auditors out there, it is impossible for them to raise the prices too high as there is always competition. When high prices is being used as a reason for switching auditors, you should be careful.
That is the case if a company provide any explanation for changing auditors. In Muhibbah case, they did not even tell you that they change their auditors! This lack of disclosure by Muhibbah, I believed, have contravene our Bursa Listing Rule Chapter 12 Rule 1201.1(3) :
Each Participating Organisation shall notify the Exchange, in writing, of any change to -
(a) the date of its financial year end; and
(b) the name of the statutory auditor who will furnish the Annual Report
Since the wording is "name of auditor", rather than "auditor", I am not sure whether any rules is broken. But, if there is no rules being broken, then, our Bursa Listing Rule have another grey areas that need to be plugged. Most, if not all, regional exchanges discloses their change of auditors.
Muhibbah also changes their company secretary, someone who should be responsible for all this disclosure stuff. Did Muhibbah purposely replaces an experience company secretary to a not-so-experience one? Lol, I don't know.
The Non-Disclosure and Management Selling Stocks Like Nothing Have Happened
Another point that troubled me is that, according to the CIMB report, the receiver on APH is being appointed in May.
So, it is already one month.
You would think that, when a customer enter into receivership, it is almost close to bankruptcy.
Since Muhibbah have so much uncollected receivables from APH, it is their duty to disclose this. But, they seems to think that it is business as usual, nothing have really happened.
It took a report from Business Times Singapore to brought our attention to that matter. Till now, still no news from Muhibbah.
It is really nothing have happened?
Well, at least something is happening. As highlighted by Moolah, the management is selling off their stock more frequently within this month than any other month in the year.
Here's the snapshot from Bursa website:
Don't you think the timing is a bit suspicious?
In a more litigious society like the US, these buggers may get sued from the shareholders.
But, in Malaysia, shareholders law suit are way too costly to bring these buggers to court. Even if these buggers are brought to court, you may not know whether the judicial system is clean enough to give a fair hearing.
So how? Shareholders just lost 20% in a day and those folks at CIMB still call it a buy even though, if there is a real default, as they are unsecured creditors, they may take a huge hit in their equity.
BTW, the CIMB analyst, I think he should learn some accounting, I think he mixed up asset and liability. He said that this whole crap will not affect his valuation because it had been provided it in the liabilities.
I think he did not understand what is asset and liability. When people owe you something, it is a liability according to this analyst. By the same reasoning, Greece would be the richest country in the world.
I look at his valuation, he did not provide for impairment either in his valuation, it makes you wonder where he come up with that crap.
When I was younger, some old man tells me that SC and Bursa have very stringent ruling. But, as time goes on, I could not help but feel that our regulation is actually much shitter than those of Indonesia and the Philippines.
Come to think of it, that old man is a MLM fella, he may try to convince me that Bursa has stringent ruling and that his company is listed means his MLM company is good.
It is probably the reverse case, Bursa sucks and his company sucks too. Just another day in the very uneven playing field called Bursa Malaysia....haiz..
P.S.: I just realised that the CIMB analyst that I always make fun of in this blog is the same person..lol..so not all their analysts are funny like that guy.
Shareholders of Muhibbah, if you have not sold your shares, meanwhile, should pray for another government bailout of APH.
Snowball,
Many thanks for the posting. As mentioned to Mun Wai , my last look at Muhibbah was back in 2009.
Muhibbah had been a nice stock for me back in 2006 to 2007. Made some. :)
But back in 2009, things changed and my perception of the stock turned negative. The first warning came back in Feb 2009: Quarterly rpt on consolidated results for the financial period ended 31/12/2008.
It made some huge loss which was rather unexpected and Muhibbah said the following in its earnings notes.
The Group achieved a consolidated revenue of RM804.0 million for the quarter under review as compared toRM488.8 million consolidated revenue in the last quarter, representing a 64% increase.
The consolidated loss before tax for the Group is RM26.4 million for the current quarter under review.
The loss is mainly due to the revision made for revenue and estimated costs on prudence basis for the construction division in view of the challenging economy condition resulted from high oil price, escalated construction material cost and volatility in foreign exchange rates during the period.
I wasn't impressed at all.
Sales increased substantially. A 64% increase was too damn impressive. However, how and why they posted loss was a big no-no for me.
And it was the year 2009.
And the biggest warning came from its receivables. ( Yeah, the good old receivables indicator)
Receivables stated at the end of the quarter showed 738.662 million. The previous quarter ( Quarterly rpt on consolidated results for the financial period ended 30/9/2008 ) , the receivables was only some 546.775 million. Ok, it was not a 100% get out warning but it was rather dodgy for me.
The following quarter, in May, Muhibbah reverted back to profits - it earned some 14 million, however, I was not convinced and in Nov 2009, Muhibbah reported losses again. Quarterly rpt on consolidated results for the financial period ended 30/9/2009. Receivables had now soared to some 841 million.
On Feb 2010, Muhibbah continued to post losses. Quarterly rpt on consolidated results for the financial period ended 31/12/2009. Receivables now stood at 941 million.
How?
That was more than being dodgy.
It's rather scary. Just way too scary for me. And that was the last I watched Muhibbah.
Now remember, my first warning came in Feb 2009.
Look at the following Muhibbah chart from Jan 2009 to Feb 2010.
See the incredible run from March 2009? Muhibbah had a low of 0.645 sen then. That run peaked around 1.66+.
How?
The company's fundamentals worsen but the stock soared as if it was on a misson to the moon.
How?
Cows don't jump over the moon, do they?
That was what I thought and yes, I have not seen Muhibbah books since Feb 2010.
ps: Here's the nice big chart of Muhibbah - note the price is already adjusted for its split cum bonus issue back in 2007.
Posted by Moolah at 6:17 AM
Labels: Muhibbah
4 comments:
snowball said...
Hi Moolah,
Thanks for highlighting :-)
7:44 AM
Moolah said...
snowball: No.. thank you. :)
Anyway, I have edited and add in some comments below your posting.
8:53 AM
The Contrarian said...
well said, where are consistency in standards of reporting i question!! anyways if aged debtors analysis is compulsory you'll probably not invest in MANY Gov linked Entities :X how to raise capital like that !!
9:38 AM
The Contrarian said...
MALAYSIA boleh Muhibbah Selalu
http://whereiszemoola.blogspot.com/2011/06/featured-post-muhibbah-fiasco-how-lousy.html
XXXXXXXXXXXXXXXXXXX
Thursday, June 16, 2011
Muhibah- feel the wrath of a hungry bear!
What happened in Muhibah today is depressing. You have an upside breakout which was swiftly followed by a selldown. This is not the exception.
We have seen quite a number of such bull trap sprung on traders in the past few weeks. Be careful out there. With each passing day, one feels the wrath of a hungry bear breathing down your neck.
Back to Muhibah- we can expect support at the medium-term uptrend line at RM1.55-1.60 and the 100-day SMA line at RM1.60 (so soon!!!). Overhead resistance at horizontal line of RM1.65 & then RM1.75. Since the play is over, we should aim to sell into this rebound. Aim for RM1.75 or near to it.
Chart: Muhibah's 30-min chart as at June 16, 2011_12.00pm (Source: Quickcharts)
Note: The drop in Muhibah is attributable to the downgrading of this stock by a few research houses. One of them is Kenanga, which posited:
News reported that CIMB Bank is pulling out the financing for APH. This could lead the potential write off for Muhibbah amount due from APH amounted up to RM370m as per audited account 2010. Based on the report, to date APH has drawn down up to RM840m loan from the RM1.4b bridging loan facility by CIMB, which secured in 2006.
At present, APH’s main shareholders are KIC Sdn Bhd (40%), PTP Sdn Bhd (35%) and Trek Perintis Sdn Bhd (15%). We view this news as negative to Muhibbah in the short-term.
As such, we downgrade our call from BUY to HOLD (due to the uncertainties) but maintain our Target Price of RM2.24, as we keep our forecast unchanged at this juncture, pending for further clarification on the issue.
Posted by Alex Lu at 6/16/2011 12:03:00 PM
16 comments:
AlwaysWin said...
Hi Alex
Could the recent gap be sn exhaustion gap?
Thursday, June 16, 2011 2:49:00 PM
Alex Lu said...
Hi AlwaysWin
What recent gap? How recent?
Thursday, June 16, 2011 3:45:00 PM
AlwaysWin said...
Hi Alex
On 10jun there was a gap up with volume
Thursday, June 16, 2011 4:16:00 PM
Alex Lu said...
This post has been removed by the author.
Thursday, June 16, 2011 4:29:00 PM
Alex Lu said...
Hi AlwaysWin,
There was a gap on June 10. It could be interpreted as a breakaway gap or an exhaustion gap. Normally, a gap would provide some support on a re-test. This one totally collapsed today. We can only say that it was an exhaustion gap.
Thursday, June 16, 2011 4:36:00 PM
din said...
gua beli 1.72 cut loss 1.42..rugi 4k plus...
Thursday, June 16, 2011 7:19:00 PM
primepeng said...
I seldom see this kind of fall in a single day. like may seven crash
I got out of it at RM1.70 from RM1.80 purchased price after hearing weird thing happening that morning. I believe it might still go back up to RM1.9 giving it some time to adjust.
Thursday, June 16, 2011 8:24:00 PM
Alex Lu said...
Hi din
Sorry to hear about your loss.
Thursday, June 16, 2011 8:27:00 PM
Alex Lu said...
Hi primepeng
I agree. It was very sudden & extreme. I can imagine everyone rushing out to sell - from the new buyers as well as the 'older' shareholders. This created a vacuum where the share just plummeted. A very ugly scene!
Thursday, June 16, 2011 8:33:00 PM
ben said...
Alex, you did no wrong. For all fellow investors, Alex is giving is opinion. No one is point a gun to your head to trade on the shares he covers. If there is free $$ to be earned do you think people will still be working at their 9 to 5 jobs and facing the crappy jams in KL?
Thursday, June 16, 2011 8:36:00 PM
AlwaysWin said...
Alex
Anyone who trades via TA would have agreed your reading on Muhibah was a correct one.
The price did move out from 1.78 to 1.91. I had wanted to trade on the gap up, the thing that held me back was the weak US market(which you did warned us on 02jun11)
Hence you pointed out to us the probability of a trade, and the choice was 100% our own.
I am pointing this out before that Ass... Samgoss gloat about this ...
Alex , keep up the good work... You are good in what you are doing.
We need more people like you...
Thank you
Thursday, June 16, 2011 9:49:00 PM
AlwaysWin said...
Alex
Every who trades should know that there is no perfect trade. We do not know what news is coming out tomorrow. If we do then we do not need fundamentals and TA at all.
If we had been watching the trade maybe the gap down at open with Muhibah in oversold area should have prompted us to be careful.
As usual it is the greed factor that kept one in the trade.
Alex, do you think this will impact CIMB in a way, cos they do some financing for APH
Thursday, June 16, 2011 10:01:00 PM
Simon Low said...
Hi Alex,
I would like to ask whether is it worth to continue to keep the muhibbah share in hand or sell it out since the impact of yesterday APH's news was quite "dangerous"
Thx.!!
Friday, June 17, 2011 8:33:00 AM
Alex Lu said...
Hi Simon Low
Many may have gotten into Muhibah as a trade. While cutting loss is the proper thing to do, most people may not notice the plunge until much later.
For these people, I would recommend that you hold for a period of 4-5 weeks in order to allow the share to recover some of its losses before you make your exit (which will probably be at a loss). To exit at the present depressed prices is not sensible as the worst case scenario has already happened. Everyone who is holding this stock was thinking of selling yesterday & will probably think the same today & next week. After the selling has subsided, the price should recover somewhat & then you may exit.
Friday, June 17, 2011 10:08:00 AM
David said...
Muhibah is coming back to life!
Friday, June 17, 2011 10:35:00 AM
din said...
apa mahu buat saya sudah banyak takut,1 hari sudah rugi banyak..kalau tunggu beberapa hari tak rugi ini macam.
kadang kadang panic bikin orang takut.
saya takut dulu sudah kena sama scomi,ingat ini pun sama.
4k plus ...
Friday, June 17, 2011 11:05:00 AM
************************
hursday, June 16, 2011
Muhibah- further thoughts on a trade that went wrong
Looking at Muhibah's detailed Financial Statements for QE31/3/2011, I must admit that there is two glaring items that I have overlooked- the Receivables of RM903.6 million & the Amount Owing by Contract Customers of RM386.6 million. If the latter is offset against the Amount Due to Contract Customers of RM256.6 million, then the total sum owing by Debtors and Contract Customers would be RM1.034 billion. Compared that with the turnover for QE31/3/2011 of RM394.3 million, Muhibah's Debtors' Collection Period is about 239 days. That's a serious problem.
If 20% of the above amount were to turn bad, the loss would be RM207 million. That would reduce Muhibah's Shareholders' Funds to RM372 million and push up its Debts to Equity ratio to 1.2 times. Based on the research note from Kenanga, it seems that the amount to be written off from one customer, APH is about RM370 million. As a result, Muhibah's Shareholders' Funds would be reduced to RM209 million and its Debts to Equity ratio pushed up to 2.1 times. If I paid more attention to these two items, I would not have posted on Muhibah. However, I wish to point out that my post did not end with an unqualified recommendation to buy. To wit:
Although trading at a high PE multiple & having a relatively weak financial position, Muhibah is a stock worth tracking. Its financial performance has improved steadily over the past 4 quarters. More improvement is likely given the activity in the construction and O&G sectors. The main selling point of this stock is the improvement in the technical outlook. The stock is almost at the point of starting its next upleg.
Nevertheless, I would like to apologize for anyone who has gone into this trade because of the post, especially since I failed to highlight the severe Debtors' Collection problem experienced by Muhibah.
Posted by Alex Lu at 6/16/2011 02:38:00 PM
13 comments:
Pulasan said...
muhibah can't be that bad! What about the big order book?
all analysts should close shop
Thursday, June 16, 2011 3:48:00 PM
Buyer said...
Alex,
You are nice guy!
No worry, no one are perfect.
No one can guarantee 100% win even buffet!!
Thanks for all the thought
Cheers
Thursday, June 16, 2011 6:06:00 PM
Jimmy said...
Please ignore all the negative comment from those troublemaker. I enjoy reading your post everyday.
"No one force him to read, why he want to read when he don't like to. He should directly go and buy his own stock. Why he still come here read?"
I am glad he admit Alex is an analyst!
Thursday, June 16, 2011 6:18:00 PM
Nick said...
Hi Alex,
Good analysis, Thanks
Thursday, June 16, 2011 8:28:00 PM
Alex Lu said...
To Buyer & Jimmy,
Thank you for your kind words. This reminds me of the old saying: Success has many fathers while failure is an orphan.
To Pulasan,
What more can I say...
Thursday, June 16, 2011 8:37:00 PM
malira_zainal said...
I'm new to yr blog. Being in the market for more than 27 years, having experience the up & down of the market yr writing is really interesting to follows.
The main point in the market is to make money be it analytical or otherwise.Never blame anyone for the decision made.I pickup the stock tdy even before I came across yr blog and looks like I'm going to lose if I were to contra. But for long term might be different.
Keep up yr frank comment don't bother others might feel or says.
Thanks. zein
Thursday, June 16, 2011 9:16:00 PM
luckystock2 said...
Hi Alex ,
What do you think about HSL and KKB? This 2 Sarawak companies seem having well run business and strong financial position but the share price just can't go up anymore.
Tx for ur precious opinion!
Thursday, June 16, 2011 10:06:00 PM
spot4value said...
I salute u sifu Alex, not many willing to admit their mistake when they r wrong, but you r an exception, keep up the good work!
It's very hard to find someone who r all rounded nowsaday, who can read both TA and FA.
Thursday, June 16, 2011 10:13:00 PM
AlwaysWin said...
Hi Alex
Like I said before, there is no perfect trade. We do not know what news is coming out tomorrow.
Your analysis on Muhibah was correct and the first rule we must acknowledge is to put a stop loss on any trade we make.
You have done the first step of highlighting a probable trade for us. To buy or not to buy is purely our own decision.
Thanks Alex. Keep up the good work.
Thursday, June 16, 2011 10:58:00 PM
AlwaysWin said...
Hi Alex
I notice you are rather prompt in your replies. This blog takes up a lot of your time ya?... very kind of you ..
Thursday, June 16, 2011 10:59:00 PM
Richard Chin said...
Hi Alex,
I am proud of you being honest to your readers and have bravely admitted the overlooking.
Good job! Thumbs up for you!
Friday, June 17, 2011 2:32:00 AM
Ivan said...
Hi Alex,
I salute you!
Your blog is updated most of the time, on average 1 article/ day. It come FREE!
And yet, I believe thus blogger who follow your call is the decision maker for our trading/investment call. We should not blame anyone.
Good job, Alex
Friday, June 17, 2011 9:55:00 AM
Sharinginfoz said...
muhibbah's share (trading halt for one hour) until 11.39a.m, Muhibbah confident of receiving receivables.
http://nexttrade.blogspot.com/2011/06/muhibah-further-thoughts-on-trade-that.html
XXXXXXXXXXXXXXXXXXXX
Muhibbah Engineering Bhd has been rocked by reports that it will be forced to write down as much as RM300 million due to its involvement in the Asia Petroleum Hub (APH) project in Johor.
The stock yesterday fell 38 sen sen to RM1.52 a share, while its subsidiary, Favelle Favco Bhd, also slumped on the negative buzz surrounding its parent. Favelle Favco shares shed 19 sen to RM1.61 a share.
CIMB Research, in an early morning report yesterday, said that such a writedown will mean that Muhibbah will suffer a loss in the current financial year.
Muhibbah was awarded a contract worth RM820 million to undertake marine piling and jetty works for APH. However, escalation of cost due to APH funding issues led to the stalling of payments due to Muhibbah.
"The unpaid amount has accumulated to RM300 million, which does not include RM187 million worth of outstanding works as at end-2010.
"Muhibbah has not made any provisions for the project as the project is still deemed viable," CIMB analyst Sharizan Rosely wrote in the report.
"The worst-case scenario for Muhibbah is a writedown of the RM300 million due from APH, which would push Muhibbah into losses for 2011," Sharizan added.
On Wednesday, the Singapore Business Times reported that APH, the developer and operator of the APH oil terminal in Johor, has been placed under receivership.
The company had in 2006 secured a RM1.4 billion three-year bridging loan but has been looking for RM2 billion in additional funding following the escalation of the project cost.
APH's main shareholders are KIC Sdn Bhd with a 40 per cent stake, PTP Sdn Bhd with a 35 per cent stake and Trek Perintis Sdn Bhd with a 15 per cent stake.
The CIMB report, citing sources, said that as at end-2010, APH's cumulative capital expenditure amounted to slightly over RM1.4 billion while the physical completion of the project was about 64 per cent.
It is understood that APH has been put under receivership mainly because it could not come up with other investors to help fund the development and repay its debt.
It is further understood that APH has been placed under a receiver, namely the accounting firm BBDO-Binder.
Meanwhile, Kenanga Research said the potential losses could lead the company into PN17 status as the severe losses would erode its shareholders fund by more than 75 per cent. "We believe this is less likely to be the case as the company may not need to write down the full amount of RM370 million," the research house said.
According to Kenanga, assuming the full provision for APH is at RM370 million, this will bring down its forecast for Muhibbah from a net profit of RM64 million to net loss of RM306 million for the financial year ending December 31 2011.
Read more: Muhibbah, Favelle Favco shares slip on APH project http://www.btimes.com.my/articles/muhix/Article/#ixzz1PVnow0eA
THIS ONE WORTH READING。。。。。
原来早在2009年。。。。就有人说这是另外一个PKFZ。。。巴生港口自贸区。。。大丑闻！！！！
SUNDAY, FEBRUARY 08, 2009
Another PKFZ in the making ...
Asia Petroleum Hub, Johor
The Malaysian Insider, here, has quoted a Singapore The Straits Times (TST) report today that a worsening ownership battle for a planned Malaysian bunkering facility on a reclaimed island in Johor (photo) to rival Singapore’s is threatening to derail the project and could hurt CIMB, one of the country’s largest commercial banks.
It appears that the project leader, a little-known private company called KIC Oil and Gas, has so far drawn down nearly half of its RM1.4 billion financing facility from CIMB to fund construction work. But it has failed to resolve problems with another key shareholder of the project, Seaport Terminal, which owns both the Johor ports of Pasir Gudang and Pelabuhan Tanjung Pelepas (PTP). This has prompted CIMB to consider suspending further funding for the construction.
Questions are now being raised over the viability of the project because the government has decided to hold back on its pledge to put in place the necessary infrastructure, valued at roughly RM350 million for roadworks and other utilities, until the shareholder row is resolved.
KIC insists that it is the rightful developer of the planned petroleum hub after it won rights to lease the island in July 2005 from the Ministry of Transport, but Seaport is disputing the award on grounds that the MoT's move to lease the 40ha reclaimed island to KIC violates an earlier privatisation agreement the company had with the government.
TST has also reported that in a bid to resolve the stalemate, the Malaysian government has decided to dictate the shareholding structure for Asia Petroleum Hub (APH), the company which was awarded rights to build and operate the bunkering facility.
Under the plan, KIC was awarded a 40 per cent interest in the project, while Seaport Terminal was given a 35 per cent shareholding. The remaining 25 per cent in APH was split between two other entities. All four parties have yet to sign a shareholders’ agreement but KIC has led construction work for the project with funding from CIMB. Who is behind MoT's decision to award rights to lease the reclaimed island to KIC and why the funding was released before the ownership problems are resolved remains unclear.
Its crystal clear to me, old bean.
LOGGED BY THE ANCIENT MARINER AT 21:45
6 COMMENTS:
Anonymous said...
Captain!
Nothing is going to happen to CIMB. It belongs to the little brother of you know who and besides it wont be the first time the gomen has bailed out this bank.
Like you said: greed to the fore!
9 February 2009 05:50:00 GMT+08:00
nightcaller said...
Captain, Thks for the highlight. Being a nincompoup in marine works, i am just wondering out loud why PTP/Pasir Gudang did not have its own bunkering facilities which will be more viable and feasible as compared to the construction of Asia Petroleum hub. Is Seaport losing its political clout?
Which also leads to another question. It was widely circulated that the higher Malaysian marine fuel price prompts the vessels to bunker in our southerly neighbour.
Putting the pieces together, is this another "KLIA- east" project pushed through "midnight regulation"? I sincerely hope that Cap can track the APH progress as it may be another of those "scam the public" project...
Till then...G'nite M'sia...wherever u are...
9 February 2009 08:09:00 GMT+08:00
Anonymous said...
Wow. Dies it mean CIMB will have 1.3B RM NPL coming up.
How come no cabinet decision on this?
10 February 2009 08:23:00 GMT+08:00
Zawi said...
Captain,
If not for the blogs, nothing like this will be known however massive the scale is. Such fiascos will definitely bankrupt the nation. Some people will still benefit though.
11 February 2009 13:03:00 GMT+08:00
Anonymous said...
Capt there is also another one which is under the radar which is the LPK quarters along per raja muda musa.This one is worth looking at as it also has links to perak monarchy.
The whole project was suppose to be with 2 tower blocks for housing but only the shops were done.
11 February 2009 21:07:00 GMT+08:00
Kuat kencing said...
A KIC Oil & Gas affidavit filed in Singapore High Court ...
KIC's admitted using fake documents to obtain RM120M loan from Ministry of Finance, MDV
http://www.docstoc.com/docs/4788631/KICs-admitted-using-fake-documents-to-obtain-loan-from-Ministry-of-Finance-MDV.
Was this the reason about their PDZ pull-out?
28 March 2009 00:21:00 GMT+08:00
POST A COMMENT
Dear Reader,
This blog promotes freedom of speech and I invite fair comment. This is not a chat room and I would appreciate if you could identify yourself. However, if you prefer to remain anonymous please note that remarks that are deemed grossly inappropriate, maliciously defamatory, extremely vulgar or ad hominem attacks (against my person) will be deleted.
Thank you for visiting and commenting.
XXXXXXXXXXXXXXX
这是一个股票经纪所写的评论：
About Muhibbah ....
TO: 1 recipient
Show Details
Message body
News that its major client Asia Petroleum Hub (APH) could possibly be facing receivership. It had been reported by the Singapore Business Times that APH had been placed under receivership by CIMB Bank. APH had been placed under receivership mainly because it could not rope in other investors to help fund the development and to repay its debt. However, an industry source said that the receivership notice had yet to be served on APH.
APH is the developer and operator of the APH oil terminal in Johor. It had awarded Muhibbah the marine piling and jetty works worth rm820 million. In 2006, APH had secured a rm1.4 billion three year bridging loan bit it needed additional rm2 billion funding due to the escalation of project costs.
Market players worried that Muhibbah would not be able to receive payment for works that it has done. Sources say cost escalation in 2008 led to fund issues for APH and the stalling of payments due to Muhibbah. The unpaid amount to Muhibbah had accumulated to about rm300 million, which did not include rm187 million worth of outstanding works as at end 2010. Muhibbah had not made any provisions for the project as the project was still deemed viable.
However, industry sources noted that the APH project is a viable project and strategically important to the country, and as such is unlikely to be abandoned. The main issue was the project’s funding and control. The construction was already at a very advanced stage and only a few hundred million ringgit more is needed to complete Phase 1. As such, the move to put APH under receivership was akin to finding a new shareholder and management to move the project forward, rather than a liquidation exercise where creditors will get a haircut.
The silver lining in this (potential receivership) is the project may perhaps move forward faster under different management, and as result its creditors will finally get paid. A favourable outcome for the APH project would enhance Muhibbah’s net profit by an estimated rm12 million per annum in the form of savings from the rm300 million outstanding from APH as Muhibbah separately funded the project. The worst case scenario for Muhibbah was a writedown of the rm300 million due from APH, which would push Muhibbah into losses for Fy2011. However, it is believed that in a scenario where the receivership takes over management of APH, it may come up with a scheme to repay a large portion of the amount due to contractors, which reduces the risk of a huge writedown.
Some industry observers say while the latest development is a slight disappointment, they are not overly concerned as the group’s fundamentals are still intact, backed by the buoyant construction and oil and gas sector. Furthermore, the potential provisions would have no impact on RNAV as the amount is reflected as liabilities.
JIT News - Muhibbah ...
TO: 1 recipient
Show Details
Message body
Asia Petroleum Hub (APH), the developer and operator of the APH oil terminal in Johor, faced receivership. As one of the contractors for APH, Muhibbah was awarded the marine piling and jetty works worth RM820 million. The receivership status for the APH project was a negative surprise. However, it should not be a major concern at this juncture as APH is likely to negotiate for more time to resolve the matter and rope in a new investor. The worst-case scenario for Muhibbah is a write-down of the RM300 million due from APH, which would push Muhibbah into losses for FY11. However, there is no impact on RNAV as the amount is reflected as liabilities.
muhibah.....
最大的问题是：很多的报道都说有关的债务没有大问题。。。。之前，还说即将可以收回有关的款项。。。。
还很有信心，同时还会使到MUHIBAH马上获得大量的款项。。。
太有信心了！！！
这带来一个值得大家关注的问题，那就是。。。。超过半年的款项是不是要当成坏账？？？
拨备？？？
作为挂牌公司，更有必要诚实。。。。。。。。。。
MUHIBAH 所带出的信息是：董事会有信心可以收回有关的款项。。。。。。。。。一直在玩“障眼法”。。。。。。。。
投资者，股友该如何警惕呢？？？？
当局应该指定所有挂牌公司必须以大字。。列明。。。这些“未收款项”。。。。。还有本身所欠的款项。。。。。
为何到了今天，挂牌公司。。。。还那么不够透明化。。。。。。很多人说----马来西亚的股票公司。。。。很多是骗子在操作。。。。
甚至挂牌公司的高级职员也那么说。。。。。。。。
BURSA。。。。就是捕杀。。。。。专门捕杀可怜的股友。。。。。。。。。。。。
如果当局还不加强对付这些不诚实的挂牌公司。。。。。。。。将会有更多人认为马来西亚的挂牌公司信不过。。。。。如果马来西亚人都不相信本身的挂牌公司。。。。。外国人。。。。就更不用说了。。。。。。。。。
MUHIBAH。。。。。的“阴招”。。。。连很多老手，股票经纪也被蒙在鼓里。。。。。。。。。。。。。。。。
Asia Petroleum Hub (APH), the developer and operator of the APH oil terminal in Johor, faced receivership。。。。。。。。。
之前不是还在由大人物开幕吗？
Projects
Asia Petroleum Hub
In May 2006, the Govenment of Malaysia has mandated the Group's subsidiary namely Asia Petroleum Hub Sdn Bhd (APH) to develop and operate a Regional Petroleum Hub and Bunkering Facility on the government's reclaimed island at Tanjung Bin, Johor.
The Hub will have a 1 million m3 storage capacity with jetties that will receive VL class vessels. The Hub, which will be operational 24 hours, will have adequate space for dedicated multiple users. It will also meet international standards in blending various petroleum products as per clients’ specifications. With the approval of the Development Order in August 2007, this Landmark IDR Project is still under construction.
On 5 July 2007, YAB Dato’ Seri Abdullah Ahmad Badawi, the Prime Minister of Malaysia, officiated APH’s Commencement of Construction Works Ceremony.
http://www.cyusof.blogspot.com/2009/02/another-pkfz-in-making.html
SUNDAY, FEBRUARY 08, 2009
Another PKFZ in the making ...
Asia Petroleum Hub, Johor
The Malaysian Insider, here, has quoted a Singapore The Straits Times (TST) report today that a worsening ownership battle for a planned Malaysian bunkering facility on a reclaimed island in Johor (photo) to rival Singapore’s is threatening to derail the project and could hurt CIMB, one of the country’s largest commercial banks.
It appears that the project leader, a little-known private company called KIC Oil and Gas, has so far drawn down nearly half of its RM1.4 billion financing facility from CIMB to fund construction work. But it has failed to resolve problems with another key shareholder of the project, Seaport Terminal, which owns both the Johor ports of Pasir Gudang and Pelabuhan Tanjung Pelepas (PTP). This has prompted CIMB to consider suspending further funding for the construction.
Questions are now being raised over the viability of the project because the government has decided to hold back on its pledge to put in place the necessary infrastructure, valued at roughly RM350 million for roadworks and other utilities, until the shareholder row is resolved.
KIC insists that it is the rightful developer of the planned petroleum hub after it won rights to lease the island in July 2005 from the Ministry of Transport, but Seaport is disputing the award on grounds that the MoT's move to lease the 40ha reclaimed island to KIC violates an earlier privatisation agreement the company had with the government.
TST has also reported that in a bid to resolve the stalemate, the Malaysian government has decided to dictate the shareholding structure for Asia Petroleum Hub (APH), the company which was awarded rights to build and operate the bunkering facility.
Under the plan, KIC was awarded a 40 per cent interest in the project, while Seaport Terminal was given a 35 per cent shareholding. The remaining 25 per cent in APH was split between two other entities. All four parties have yet to sign a shareholders’ agreement but KIC has led construction work for the project with funding from CIMB. Who is behind MoT's decision to award rights to lease the reclaimed island to KIC and why the funding was released before the ownership problems are resolved remains unclear.
Its crystal clear to me, old bean.
LOGGED BY THE ANCIENT MARINER AT 21:45
6 COMMENTS:
Anonymous said...
Captain!
Nothing is going to happen to CIMB. It belongs to the little brother of you know who and besides it wont be the first time the gomen has bailed out this bank.
Like you said: greed to the fore!
9 February 2009 05:50:00 GMT+08:00
nightcaller said...
Captain, Thks for the highlight. Being a nincompoup in marine works, i am just wondering out loud why PTP/Pasir Gudang did not have its own bunkering facilities which will be more viable and feasible as compared to the construction of Asia Petroleum hub. Is Seaport losing its political clout?
Which also leads to another question. It was widely circulated that the higher Malaysian marine fuel price prompts the vessels to bunker in our southerly neighbour.
Putting the pieces together, is this another "KLIA- east" project pushed through "midnight regulation"? I sincerely hope that Cap can track the APH progress as it may be another of those "scam the public" project...
Till then...G'nite M'sia...wherever u are...
9 February 2009 08:09:00 GMT+08:00
Anonymous said...
Wow. Dies it mean CIMB will have 1.3B RM NPL coming up.
How come no cabinet decision on this?
10 February 2009 08:23:00 GMT+08:00
Zawi said...
Captain,
If not for the blogs, nothing like this will be known however massive the scale is. Such fiascos will definitely bankrupt the nation. Some people will still benefit though.
11 February 2009 13:03:00 GMT+08:00
Anonymous said...
Capt there is also another one which is under the radar which is the LPK quarters along per raja muda musa.This one is worth looking at as it also has links to pera monarchy.
The whole project was suppose to be with 2 tower blocks for housing but only the shops were done.
11 February 2009 21:07:00 GMT+08:00
Kuat kencing said...
A KIC Oil & Gas affidavit filed in Singapore High Court ...
fake documents to obtain RM120M loan from Ministry of Finance？？？
http://www.docstoc.com/docs/4788631/KICs-admitted-using-fake-documents-to-obtain-loan-from-Ministry-of-Finance-MDV.
Was this the reason about their PDZ pull-out?
28 March 2009 00:21:00 GMT+08:00
POST A COMMENT
Dear Reader,
This blog promotes freedom of speech and I invite fair comment. This is not a chat room and I would appreciate if you could identify yourself. However, if you prefer to remain anonymous please note that remarks that are deemed grossly inappropriate, maliciously defamatory, extremely vulgar or ad hominem attacks (against my person) will be deleted.
Thank you for visiting and commenting.
Here's an extremely good reply to the posting: And Muhibbah Comes Crashing Down.
Friday, June 17, 2011
The Muhibbah Fiasco : How Lousy Disclosure Cost Shareholders Monies
This is an extension of the discussion I have in Moolah blog post : And Muhibbah Comes Crashing Down. Since it is too long of a reply and it has attachment and stuff, I have to do it here. Do give his blog post a read.
First and foremost, this whole thing is preventable if one take a good look at the annual report. But, poor disclosure standard in Bursa as well as what I think is some non-compliance of Bursa Listing Rule by Muhibbah reduces the chance of shareholders of discovering the receivables issue. But, it is alright, I have my own fair share of stupid preventable mistakes.
Early last year, I made an investment into Choada Modern Agriculture (0682:HK) despite my brain tell me to do otherwise as there are a tad bit too many aggressive accounting practices and some dubious management actions.
However, the numbers like PE and ROAs and stuff looked a bit too good and I just drank a dose of Jim Rogers that I rationalize everything that is wrong with the company. By the middle of last year, I am starting to get a bit too uncomfortable and think the whole thing is a fraud as they have been avoiding to answer or deflecting some of the questions that I asked. So, I sell and took a 20+% loss. On hindsight, I have some really good luck as this whole Chaoda thing is being discovered a fraud by HK Next magazine this year and I would have lost my pants if I had not sold it at a loss. With the Chaoda experience, you would have think that this idiot will learn some lessons.
But, this idiot again make an ill-thought out blog post stating that I may go long on China MediaExpress without actually looking much into the company and try to rationalize too much. China MediaExpress turn out to be another fraud. I am again lucky that some kind soul actually talk me out of going long after reading my post. The key lesson learnt is to always read the footnotes, bring your brain with you when analysing companies and do not rationalize too much.
Lousy Financial Reporting Standard
That aside, back to Muhibbah. If one actually take the opportunity to read their disclosure in their annual report, one would not have face this problem. In their FY 2009 audited account, Muhibbah actually discloses this:
A trade debt of RM337.0 million (including retention sum of RM22.5 million) and an amount due from contract customer of RM28.3 million in relation to a project undertaken by the Company for the engineering, construction, installation, commissioning and completion of a bunkering facility has been outstanding for more than a year.
The project has temporarily ceased during the financial year ended 31 December 2009 due to financing difficulties encountered by the project owner. The last progress payment received by the Company was in February 2009.
The project owner has continued to approve the progress billings submitted by the Company and had acknowledged its obligations under the contract signed with the Company. The project owner has informed the Company that it is in the process of arranging an alternative source of financing and expects the arrangement to be completed by mid 2010.
The Directors have evaluated the situation and other evidence available, including the assessment of the status of the project owner’s refinancing arrangements, and are of the view that no allowance for doubtful debts or a write down in the amount due from contract customer is required at this moment.
The account is audited by KPMG and is issued at 30/4/2010. KPMG, short of qualifying the account (for those of non-accounting background: Unqualified means good, qualified means bad), actually emphasize the issue in their audit opinion in addition to the disclosure in the notes. The audit opinion, meanwhile, is something that most investors do not read although most bad stuff that the auditor do not agree with the management normally end up there.
Take note that by the time this audited account is being issued to shareholders, APH (the trade debtors) has not paid Muhibbah for more than a year. Plus, by the time the audited annual account is issued, it has reached mid 2010, the time frame that the whole financing thing supposed to be done. The fact that the opinion of the auditor remains the same means that the financing is not being completed yet.
In addition, pay attention to the management reason for not providing for any doubtful debts : APH acknowledge the obligation under contract signed by the company. It is just an acknowledgement. A normal thing.
It did not elevate Muhibbah position in the debtors packing list or provide them with any security. Just because APH acknowledge the debts, Muhibbah decide to not write down even a single cent of the thing. If say, the RM300mil debt is by different parties rather than one party, one may presumably would have write down the debt.
It is still okay if you hold on to the company at that point of time, as it is the first time the disclosure actually appeared.
But, I would not be comfortable to invest at that point and if I invest, I would be constantly bugging their IR for progress. To be fair to our super star Bursa's finest analyst at CIMB, they do touch on the issue in their 19-page initiating coverage of Muhibbah with one paragraph out of that 19 pages of crap and do not discuss the serious damage done to their equity in the event of a default but rather put a positive spin on the whole thing.
They maintain that the issue will be resolved within 1-2 months. Note, by the time that the initiating coverage is being produced, it is already in mid-November, well beyond the timeline stipulated in the audited account.
Our Bursa finest continued to report that the issue will be resolved within 1-2 months for one or two more reports until he conveniently forgotten about the issue in the subsequent buy call that he issued thereafter. Perhaps, it is 1-2 months too long.
Then, on 29/4/2011, Muhibbah issued another audited accounts, this time for FY 2010. The same crap again is being said..blah blah blah...acknowledge its obligation..blah blah blah, but this time, one sentence is being altered:
The project owner is confident that alternative arrangement can be completed in 2011, as negotiations with interested party have reached an advanced stage.
Last time, they says that it is mid-2010, now they says is in 2011. No early, mid or late, just 2011. Take note also that all this while, it is the project owner says, not Muhibbah says. Muhibbah is a good lender.
I do hope that they have a loan sharking division, if I ever end up borrowing money from loan shark, I will borrow from them.
If I delay payment for two year plus, I think any loan shark would probably chop my hand off or something. But, this Muhibbah is apparently fine with more than two years of delay in payment. No provision, not even a single cents is being provide against this possible default.
If you are a shareholder, if you saw this together with the sudden disappearance of reassuring words from our Bursa finest analyst on the issue, you should just sell. If you didn't, that is really padan muka.
The reason that shareholders may not have paid much attention to the issue may be due to something that I just found out today about our financial reporting. Apparently, in the audited accounts released by Malaysian listed company, there is no need for companies to report their account receivable ageing analysis.
Initially, I thought it was Muhibbah that purposely do not disclose only to found out that other listed companies in Malaysia do not disclose their accounts receivable ageing. No wonder there are so many receivables-related blow up in Malaysia.
Listed companies in SGX, HKEX ,even Indonesia and I believe the Philippines have to disclose their receivables ageing like this picture:
This sort of easy to read disclosure would certainly make shareholders pay attention to the RM337 million that pop up at the past due for more than 2 years column.
Apparently, in Malaysia, we do not need to produce such disclosure. If the situation is very serious like Muhibbah case, we are flooded with a long chunk of text that regular, non-accounting background investor, may be too intimidated to even read it.
If situation is serious, but not that serious, we may not even have a disclosure. You would have thought that, with so many receivables-related blow up in our country, those overpaid and useless buggers at our accounting standard board would adopt the best practices of their regional neighbours like Indonesia, but, instead, they are busy convincing the press that they should not be blame for any sort of fraud. Rather, the management should be blame, they say.
It is like Polis Raja Di Malaysia attributing their inability to catch any thief by blaming the thief for stealing.
It is the thief's job to steal, it is also the job of some questionable management to steal from shareholders. Sometimes, it makes you wonder why we need this sort of useless auditors.
The Change in Auditor
Another interesting point is that, Muhibbah actually change their auditors. They downgrade from a big 4 auditor- KPMG to a tier-two auditing firm Crowe Horwath. If a company upgrade their auditors, from a tier-two firm to a big 4, it is usually fine. But, if they downgrade, you need to pay attention.
It could be that KPMG is too afraid to sign the accounts because the receivables size is too bloody big, so, they drop Muhibbah as a client. Sometimes, companies will give you crappy explanation like the big 4 is overcharging them, so, they drop them to save shareholder money.
Most of the time, this is not the case. If Big 4 do not like the risk of auditing your accounts, they will purposely inflate the auditing cost to a price that you could not afford, a decent way for the Big 4 to tell you that, "we do not want to audit your company, it is too risky".
As there are 4 big 4 auditors out there, it is impossible for them to raise the prices too high as there is always competition. When high prices is being used as a reason for switching auditors, you should be careful.
That is the case if a company provide any explanation for changing auditors. In Muhibbah case, they did not even tell you that they change their auditors! This lack of disclosure by Muhibbah, I believed, have contravene our Bursa Listing Rule Chapter 12 Rule 1201.1(3) :
Each Participating Organisation shall notify the Exchange, in writing, of any change to -
(a) the date of its financial year end; and
(b) the name of the statutory auditor who will furnish the Annual Report
Since the wording is "name of auditor", rather than "auditor", I am not sure whether any rules is broken. But, if there is no rules being broken, then, our Bursa Listing Rule have another grey areas that need to be plugged. Most, if not all, regional exchanges discloses their change of auditors.
Muhibbah also changes their company secretary, someone who should be responsible for all this disclosure stuff. Did Muhibbah purposely replaces an experience company secretary to a not-so-experience one? Lol, I don't know.
The Non-Disclosure and Management Selling Stocks Like Nothing Have Happened
Another point that troubled me is that, according to the CIMB report, the receiver on APH is being appointed in May.
So, it is already one month.
You would think that, when a customer enter into receivership, it is almost close to bankruptcy.
Since Muhibbah have so much uncollected receivables from APH, it is their duty to disclose this. But, they seems to think that it is business as usual, nothing have really happened.
It took a report from Business Times Singapore to brought our attention to that matter. Till now, still no news from Muhibbah.
It is really nothing have happened?
Well, at least something is happening. As highlighted by Moolah, the management is selling off their stock more frequently within this month than any other month in the year.
Here's the snapshot from Bursa website:
Don't you think the timing is a bit suspicious?
In a more litigious society like the US, these buggers may get sued from the shareholders.
But, in Malaysia, shareholders law suit are way too costly to bring these buggers to court. Even if these buggers are brought to court, you may not know whether the judicial system is clean enough to give a fair hearing.
So how? Shareholders just lost 20% in a day and those folks at CIMB still call it a buy even though, if there is a real default, as they are unsecured creditors, they may take a huge hit in their equity.
BTW, the CIMB analyst, I think he should learn some accounting, I think he mixed up asset and liability. He said that this whole crap will not affect his valuation because it had been provided it in the liabilities.
I think he did not understand what is asset and liability. When people owe you something, it is a liability according to this analyst. By the same reasoning, Greece would be the richest country in the world.
I look at his valuation, he did not provide for impairment either in his valuation, it makes you wonder where he come up with that crap.
When I was younger, some old man tells me that SC and Bursa have very stringent ruling. But, as time goes on, I could not help but feel that our regulation is actually much shitter than those of Indonesia and the Philippines.
Come to think of it, that old man is a MLM fella, he may try to convince me that Bursa has stringent ruling and that his company is listed means his MLM company is good.
It is probably the reverse case, Bursa sucks and his company sucks too. Just another day in the very uneven playing field called Bursa Malaysia....haiz..
P.S.: I just realised that the CIMB analyst that I always make fun of in this blog is the same person..lol..so not all their analysts are funny like that guy.
Shareholders of Muhibbah, if you have not sold your shares, meanwhile, should pray for another government bailout of APH.
Snowball,
Many thanks for the posting. As mentioned to Mun Wai , my last look at Muhibbah was back in 2009.
Muhibbah had been a nice stock for me back in 2006 to 2007. Made some. :)
But back in 2009, things changed and my perception of the stock turned negative. The first warning came back in Feb 2009: Quarterly rpt on consolidated results for the financial period ended 31/12/2008.
It made some huge loss which was rather unexpected and Muhibbah said the following in its earnings notes.
The Group achieved a consolidated revenue of RM804.0 million for the quarter under review as compared toRM488.8 million consolidated revenue in the last quarter, representing a 64% increase.
The consolidated loss before tax for the Group is RM26.4 million for the current quarter under review.
The loss is mainly due to the revision made for revenue and estimated costs on prudence basis for the construction division in view of the challenging economy condition resulted from high oil price, escalated construction material cost and volatility in foreign exchange rates during the period.
I wasn't impressed at all.
Sales increased substantially. A 64% increase was too damn impressive. However, how and why they posted loss was a big no-no for me.
And it was the year 2009.
And the biggest warning came from its receivables. ( Yeah, the good old receivables indicator)
Receivables stated at the end of the quarter showed 738.662 million. The previous quarter ( Quarterly rpt on consolidated results for the financial period ended 30/9/2008 ) , the receivables was only some 546.775 million. Ok, it was not a 100% get out warning but it was rather dodgy for me.
The following quarter, in May, Muhibbah reverted back to profits - it earned some 14 million, however, I was not convinced and in Nov 2009, Muhibbah reported losses again. Quarterly rpt on consolidated results for the financial period ended 30/9/2009. Receivables had now soared to some 841 million.
On Feb 2010, Muhibbah continued to post losses. Quarterly rpt on consolidated results for the financial period ended 31/12/2009. Receivables now stood at 941 million.
How?
That was more than being dodgy.
It's rather scary. Just way too scary for me. And that was the last I watched Muhibbah.
Now remember, my first warning came in Feb 2009.
Look at the following Muhibbah chart from Jan 2009 to Feb 2010.
See the incredible run from March 2009? Muhibbah had a low of 0.645 sen then. That run peaked around 1.66+.
How?
The company's fundamentals worsen but the stock soared as if it was on a misson to the moon.
How?
Cows don't jump over the moon, do they?
That was what I thought and yes, I have not seen Muhibbah books since Feb 2010.
ps: Here's the nice big chart of Muhibbah - note the price is already adjusted for its split cum bonus issue back in 2007.
Posted by Moolah at 6:17 AM
Labels: Muhibbah
4 comments:
snowball said...
Hi Moolah,
Thanks for highlighting :-)
7:44 AM
Moolah said...
snowball: No.. thank you. :)
Anyway, I have edited and add in some comments below your posting.
8:53 AM
The Contrarian said...
well said, where are consistency in standards of reporting i question!! anyways if aged debtors analysis is compulsory you'll probably not invest in MANY Gov linked Entities :X how to raise capital like that !!
9:38 AM
The Contrarian said...
MALAYSIA boleh Muhibbah Selalu
http://whereiszemoola.blogspot.com/2011/06/featured-post-muhibbah-fiasco-how-lousy.html
XXXXXXXXXXXXXXXXXXX
Thursday, June 16, 2011
Muhibah- feel the wrath of a hungry bear!
What happened in Muhibah today is depressing. You have an upside breakout which was swiftly followed by a selldown. This is not the exception.
We have seen quite a number of such bull trap sprung on traders in the past few weeks. Be careful out there. With each passing day, one feels the wrath of a hungry bear breathing down your neck.
Back to Muhibah- we can expect support at the medium-term uptrend line at RM1.55-1.60 and the 100-day SMA line at RM1.60 (so soon!!!). Overhead resistance at horizontal line of RM1.65 & then RM1.75. Since the play is over, we should aim to sell into this rebound. Aim for RM1.75 or near to it.
Chart: Muhibah's 30-min chart as at June 16, 2011_12.00pm (Source: Quickcharts)
Note: The drop in Muhibah is attributable to the downgrading of this stock by a few research houses. One of them is Kenanga, which posited:
News reported that CIMB Bank is pulling out the financing for APH. This could lead the potential write off for Muhibbah amount due from APH amounted up to RM370m as per audited account 2010. Based on the report, to date APH has drawn down up to RM840m loan from the RM1.4b bridging loan facility by CIMB, which secured in 2006.
At present, APH’s main shareholders are KIC Sdn Bhd (40%), PTP Sdn Bhd (35%) and Trek Perintis Sdn Bhd (15%). We view this news as negative to Muhibbah in the short-term.
As such, we downgrade our call from BUY to HOLD (due to the uncertainties) but maintain our Target Price of RM2.24, as we keep our forecast unchanged at this juncture, pending for further clarification on the issue.
Posted by Alex Lu at 6/16/2011 12:03:00 PM
16 comments:
AlwaysWin said...
Hi Alex
Could the recent gap be sn exhaustion gap?
Thursday, June 16, 2011 2:49:00 PM
Alex Lu said...
Hi AlwaysWin
What recent gap? How recent?
Thursday, June 16, 2011 3:45:00 PM
AlwaysWin said...
Hi Alex
On 10jun there was a gap up with volume
Thursday, June 16, 2011 4:16:00 PM
Alex Lu said...
This post has been removed by the author.
Thursday, June 16, 2011 4:29:00 PM
Alex Lu said...
Hi AlwaysWin,
There was a gap on June 10. It could be interpreted as a breakaway gap or an exhaustion gap. Normally, a gap would provide some support on a re-test. This one totally collapsed today. We can only say that it was an exhaustion gap.
Thursday, June 16, 2011 4:36:00 PM
din said...
gua beli 1.72 cut loss 1.42..rugi 4k plus...
Thursday, June 16, 2011 7:19:00 PM
primepeng said...
I seldom see this kind of fall in a single day. like may seven crash
I got out of it at RM1.70 from RM1.80 purchased price after hearing weird thing happening that morning. I believe it might still go back up to RM1.9 giving it some time to adjust.
Thursday, June 16, 2011 8:24:00 PM
Alex Lu said...
Hi din
Sorry to hear about your loss.
Thursday, June 16, 2011 8:27:00 PM
Alex Lu said...
Hi primepeng
I agree. It was very sudden & extreme. I can imagine everyone rushing out to sell - from the new buyers as well as the 'older' shareholders. This created a vacuum where the share just plummeted. A very ugly scene!
Thursday, June 16, 2011 8:33:00 PM
ben said...
Alex, you did no wrong. For all fellow investors, Alex is giving is opinion. No one is point a gun to your head to trade on the shares he covers. If there is free $$ to be earned do you think people will still be working at their 9 to 5 jobs and facing the crappy jams in KL?
Thursday, June 16, 2011 8:36:00 PM
AlwaysWin said...
Alex
Anyone who trades via TA would have agreed your reading on Muhibah was a correct one.
The price did move out from 1.78 to 1.91. I had wanted to trade on the gap up, the thing that held me back was the weak US market(which you did warned us on 02jun11)
Hence you pointed out to us the probability of a trade, and the choice was 100% our own.
I am pointing this out before that Ass... Samgoss gloat about this ...
Alex , keep up the good work... You are good in what you are doing.
We need more people like you...
Thank you
Thursday, June 16, 2011 9:49:00 PM
AlwaysWin said...
Alex
Every who trades should know that there is no perfect trade. We do not know what news is coming out tomorrow. If we do then we do not need fundamentals and TA at all.
If we had been watching the trade maybe the gap down at open with Muhibah in oversold area should have prompted us to be careful.
As usual it is the greed factor that kept one in the trade.
Alex, do you think this will impact CIMB in a way, cos they do some financing for APH
Thursday, June 16, 2011 10:01:00 PM
Simon Low said...
Hi Alex,
I would like to ask whether is it worth to continue to keep the muhibbah share in hand or sell it out since the impact of yesterday APH's news was quite "dangerous"
Thx.!!
Friday, June 17, 2011 8:33:00 AM
Alex Lu said...
Hi Simon Low
Many may have gotten into Muhibah as a trade. While cutting loss is the proper thing to do, most people may not notice the plunge until much later.
For these people, I would recommend that you hold for a period of 4-5 weeks in order to allow the share to recover some of its losses before you make your exit (which will probably be at a loss). To exit at the present depressed prices is not sensible as the worst case scenario has already happened. Everyone who is holding this stock was thinking of selling yesterday & will probably think the same today & next week. After the selling has subsided, the price should recover somewhat & then you may exit.
Friday, June 17, 2011 10:08:00 AM
David said...
Muhibah is coming back to life!
Friday, June 17, 2011 10:35:00 AM
din said...
apa mahu buat saya sudah banyak takut,1 hari sudah rugi banyak..kalau tunggu beberapa hari tak rugi ini macam.
kadang kadang panic bikin orang takut.
saya takut dulu sudah kena sama scomi,ingat ini pun sama.
4k plus ...
Friday, June 17, 2011 11:05:00 AM
************************
hursday, June 16, 2011
Muhibah- further thoughts on a trade that went wrong
Looking at Muhibah's detailed Financial Statements for QE31/3/2011, I must admit that there is two glaring items that I have overlooked- the Receivables of RM903.6 million & the Amount Owing by Contract Customers of RM386.6 million. If the latter is offset against the Amount Due to Contract Customers of RM256.6 million, then the total sum owing by Debtors and Contract Customers would be RM1.034 billion. Compared that with the turnover for QE31/3/2011 of RM394.3 million, Muhibah's Debtors' Collection Period is about 239 days. That's a serious problem.
If 20% of the above amount were to turn bad, the loss would be RM207 million. That would reduce Muhibah's Shareholders' Funds to RM372 million and push up its Debts to Equity ratio to 1.2 times. Based on the research note from Kenanga, it seems that the amount to be written off from one customer, APH is about RM370 million. As a result, Muhibah's Shareholders' Funds would be reduced to RM209 million and its Debts to Equity ratio pushed up to 2.1 times. If I paid more attention to these two items, I would not have posted on Muhibah. However, I wish to point out that my post did not end with an unqualified recommendation to buy. To wit:
Although trading at a high PE multiple & having a relatively weak financial position, Muhibah is a stock worth tracking. Its financial performance has improved steadily over the past 4 quarters. More improvement is likely given the activity in the construction and O&G sectors. The main selling point of this stock is the improvement in the technical outlook. The stock is almost at the point of starting its next upleg.
Nevertheless, I would like to apologize for anyone who has gone into this trade because of the post, especially since I failed to highlight the severe Debtors' Collection problem experienced by Muhibah.
Posted by Alex Lu at 6/16/2011 02:38:00 PM
13 comments:
Pulasan said...
muhibah can't be that bad! What about the big order book?
all analysts should close shop
Thursday, June 16, 2011 3:48:00 PM
Buyer said...
Alex,
You are nice guy!
No worry, no one are perfect.
No one can guarantee 100% win even buffet!!
Thanks for all the thought
Cheers
Thursday, June 16, 2011 6:06:00 PM
Jimmy said...
Please ignore all the negative comment from those troublemaker. I enjoy reading your post everyday.
"No one force him to read, why he want to read when he don't like to. He should directly go and buy his own stock. Why he still come here read?"
I am glad he admit Alex is an analyst!
Thursday, June 16, 2011 6:18:00 PM
Nick said...
Hi Alex,
Good analysis, Thanks
Thursday, June 16, 2011 8:28:00 PM
Alex Lu said...
To Buyer & Jimmy,
Thank you for your kind words. This reminds me of the old saying: Success has many fathers while failure is an orphan.
To Pulasan,
What more can I say...
Thursday, June 16, 2011 8:37:00 PM
malira_zainal said...
I'm new to yr blog. Being in the market for more than 27 years, having experience the up & down of the market yr writing is really interesting to follows.
The main point in the market is to make money be it analytical or otherwise.Never blame anyone for the decision made.I pickup the stock tdy even before I came across yr blog and looks like I'm going to lose if I were to contra. But for long term might be different.
Keep up yr frank comment don't bother others might feel or says.
Thanks. zein
Thursday, June 16, 2011 9:16:00 PM
luckystock2 said...
Hi Alex ,
What do you think about HSL and KKB? This 2 Sarawak companies seem having well run business and strong financial position but the share price just can't go up anymore.
Tx for ur precious opinion!
Thursday, June 16, 2011 10:06:00 PM
spot4value said...
I salute u sifu Alex, not many willing to admit their mistake when they r wrong, but you r an exception, keep up the good work!
It's very hard to find someone who r all rounded nowsaday, who can read both TA and FA.
Thursday, June 16, 2011 10:13:00 PM
AlwaysWin said...
Hi Alex
Like I said before, there is no perfect trade. We do not know what news is coming out tomorrow.
Your analysis on Muhibah was correct and the first rule we must acknowledge is to put a stop loss on any trade we make.
You have done the first step of highlighting a probable trade for us. To buy or not to buy is purely our own decision.
Thanks Alex. Keep up the good work.
Thursday, June 16, 2011 10:58:00 PM
AlwaysWin said...
Hi Alex
I notice you are rather prompt in your replies. This blog takes up a lot of your time ya?... very kind of you ..
Thursday, June 16, 2011 10:59:00 PM
Richard Chin said...
Hi Alex,
I am proud of you being honest to your readers and have bravely admitted the overlooking.
Good job! Thumbs up for you!
Friday, June 17, 2011 2:32:00 AM
Ivan said...
Hi Alex,
I salute you!
Your blog is updated most of the time, on average 1 article/ day. It come FREE!
And yet, I believe thus blogger who follow your call is the decision maker for our trading/investment call. We should not blame anyone.
Good job, Alex
Friday, June 17, 2011 9:55:00 AM
Sharinginfoz said...
muhibbah's share (trading halt for one hour) until 11.39a.m, Muhibbah confident of receiving receivables.
http://nexttrade.blogspot.com/2011/06/muhibah-further-thoughts-on-trade-that.html
XXXXXXXXXXXXXXXXXXXX
Muhibbah Engineering Bhd has been rocked by reports that it will be forced to write down as much as RM300 million due to its involvement in the Asia Petroleum Hub (APH) project in Johor.
The stock yesterday fell 38 sen sen to RM1.52 a share, while its subsidiary, Favelle Favco Bhd, also slumped on the negative buzz surrounding its parent. Favelle Favco shares shed 19 sen to RM1.61 a share.
CIMB Research, in an early morning report yesterday, said that such a writedown will mean that Muhibbah will suffer a loss in the current financial year.
Muhibbah was awarded a contract worth RM820 million to undertake marine piling and jetty works for APH. However, escalation of cost due to APH funding issues led to the stalling of payments due to Muhibbah.
"The unpaid amount has accumulated to RM300 million, which does not include RM187 million worth of outstanding works as at end-2010.
"Muhibbah has not made any provisions for the project as the project is still deemed viable," CIMB analyst Sharizan Rosely wrote in the report.
"The worst-case scenario for Muhibbah is a writedown of the RM300 million due from APH, which would push Muhibbah into losses for 2011," Sharizan added.
On Wednesday, the Singapore Business Times reported that APH, the developer and operator of the APH oil terminal in Johor, has been placed under receivership.
The company had in 2006 secured a RM1.4 billion three-year bridging loan but has been looking for RM2 billion in additional funding following the escalation of the project cost.
APH's main shareholders are KIC Sdn Bhd with a 40 per cent stake, PTP Sdn Bhd with a 35 per cent stake and Trek Perintis Sdn Bhd with a 15 per cent stake.
The CIMB report, citing sources, said that as at end-2010, APH's cumulative capital expenditure amounted to slightly over RM1.4 billion while the physical completion of the project was about 64 per cent.
It is understood that APH has been put under receivership mainly because it could not come up with other investors to help fund the development and repay its debt.
It is further understood that APH has been placed under a receiver, namely the accounting firm BBDO-Binder.
Meanwhile, Kenanga Research said the potential losses could lead the company into PN17 status as the severe losses would erode its shareholders fund by more than 75 per cent. "We believe this is less likely to be the case as the company may not need to write down the full amount of RM370 million," the research house said.
According to Kenanga, assuming the full provision for APH is at RM370 million, this will bring down its forecast for Muhibbah from a net profit of RM64 million to net loss of RM306 million for the financial year ending December 31 2011.
Read more: Muhibbah, Favelle Favco shares slip on APH project http://www.btimes.com.my/articles/muhix/Article/#ixzz1PVnow0eA
THIS ONE WORTH READING。。。。。
原来早在2009年。。。。就有人说这是另外一个PKFZ。。。巴生港口自贸区。。。大丑闻！！！！
SUNDAY, FEBRUARY 08, 2009
Another PKFZ in the making ...
Asia Petroleum Hub, Johor
The Malaysian Insider, here, has quoted a Singapore The Straits Times (TST) report today that a worsening ownership battle for a planned Malaysian bunkering facility on a reclaimed island in Johor (photo) to rival Singapore’s is threatening to derail the project and could hurt CIMB, one of the country’s largest commercial banks.
It appears that the project leader, a little-known private company called KIC Oil and Gas, has so far drawn down nearly half of its RM1.4 billion financing facility from CIMB to fund construction work. But it has failed to resolve problems with another key shareholder of the project, Seaport Terminal, which owns both the Johor ports of Pasir Gudang and Pelabuhan Tanjung Pelepas (PTP). This has prompted CIMB to consider suspending further funding for the construction.
Questions are now being raised over the viability of the project because the government has decided to hold back on its pledge to put in place the necessary infrastructure, valued at roughly RM350 million for roadworks and other utilities, until the shareholder row is resolved.
KIC insists that it is the rightful developer of the planned petroleum hub after it won rights to lease the island in July 2005 from the Ministry of Transport, but Seaport is disputing the award on grounds that the MoT's move to lease the 40ha reclaimed island to KIC violates an earlier privatisation agreement the company had with the government.
TST has also reported that in a bid to resolve the stalemate, the Malaysian government has decided to dictate the shareholding structure for Asia Petroleum Hub (APH), the company which was awarded rights to build and operate the bunkering facility.
Under the plan, KIC was awarded a 40 per cent interest in the project, while Seaport Terminal was given a 35 per cent shareholding. The remaining 25 per cent in APH was split between two other entities. All four parties have yet to sign a shareholders’ agreement but KIC has led construction work for the project with funding from CIMB. Who is behind MoT's decision to award rights to lease the reclaimed island to KIC and why the funding was released before the ownership problems are resolved remains unclear.
Its crystal clear to me, old bean.
LOGGED BY THE ANCIENT MARINER AT 21:45
6 COMMENTS:
Anonymous said...
Captain!
Nothing is going to happen to CIMB. It belongs to the little brother of you know who and besides it wont be the first time the gomen has bailed out this bank.
Like you said: greed to the fore!
9 February 2009 05:50:00 GMT+08:00
nightcaller said...
Captain, Thks for the highlight. Being a nincompoup in marine works, i am just wondering out loud why PTP/Pasir Gudang did not have its own bunkering facilities which will be more viable and feasible as compared to the construction of Asia Petroleum hub. Is Seaport losing its political clout?
Which also leads to another question. It was widely circulated that the higher Malaysian marine fuel price prompts the vessels to bunker in our southerly neighbour.
Putting the pieces together, is this another "KLIA- east" project pushed through "midnight regulation"? I sincerely hope that Cap can track the APH progress as it may be another of those "scam the public" project...
Till then...G'nite M'sia...wherever u are...
9 February 2009 08:09:00 GMT+08:00
Anonymous said...
Wow. Dies it mean CIMB will have 1.3B RM NPL coming up.
How come no cabinet decision on this?
10 February 2009 08:23:00 GMT+08:00
Zawi said...
Captain,
If not for the blogs, nothing like this will be known however massive the scale is. Such fiascos will definitely bankrupt the nation. Some people will still benefit though.
11 February 2009 13:03:00 GMT+08:00
Anonymous said...
Capt there is also another one which is under the radar which is the LPK quarters along per raja muda musa.This one is worth looking at as it also has links to perak monarchy.
The whole project was suppose to be with 2 tower blocks for housing but only the shops were done.
11 February 2009 21:07:00 GMT+08:00
Kuat kencing said...
A KIC Oil & Gas affidavit filed in Singapore High Court ...
KIC's admitted using fake documents to obtain RM120M loan from Ministry of Finance, MDV
http://www.docstoc.com/docs/4788631/KICs-admitted-using-fake-documents-to-obtain-loan-from-Ministry-of-Finance-MDV.
Was this the reason about their PDZ pull-out?
28 March 2009 00:21:00 GMT+08:00
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这是一个股票经纪所写的评论：
About Muhibbah ....
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News that its major client Asia Petroleum Hub (APH) could possibly be facing receivership. It had been reported by the Singapore Business Times that APH had been placed under receivership by CIMB Bank. APH had been placed under receivership mainly because it could not rope in other investors to help fund the development and to repay its debt. However, an industry source said that the receivership notice had yet to be served on APH.
APH is the developer and operator of the APH oil terminal in Johor. It had awarded Muhibbah the marine piling and jetty works worth rm820 million. In 2006, APH had secured a rm1.4 billion three year bridging loan bit it needed additional rm2 billion funding due to the escalation of project costs.
Market players worried that Muhibbah would not be able to receive payment for works that it has done. Sources say cost escalation in 2008 led to fund issues for APH and the stalling of payments due to Muhibbah. The unpaid amount to Muhibbah had accumulated to about rm300 million, which did not include rm187 million worth of outstanding works as at end 2010. Muhibbah had not made any provisions for the project as the project was still deemed viable.
However, industry sources noted that the APH project is a viable project and strategically important to the country, and as such is unlikely to be abandoned. The main issue was the project’s funding and control. The construction was already at a very advanced stage and only a few hundred million ringgit more is needed to complete Phase 1. As such, the move to put APH under receivership was akin to finding a new shareholder and management to move the project forward, rather than a liquidation exercise where creditors will get a haircut.
The silver lining in this (potential receivership) is the project may perhaps move forward faster under different management, and as result its creditors will finally get paid. A favourable outcome for the APH project would enhance Muhibbah’s net profit by an estimated rm12 million per annum in the form of savings from the rm300 million outstanding from APH as Muhibbah separately funded the project. The worst case scenario for Muhibbah was a writedown of the rm300 million due from APH, which would push Muhibbah into losses for Fy2011. However, it is believed that in a scenario where the receivership takes over management of APH, it may come up with a scheme to repay a large portion of the amount due to contractors, which reduces the risk of a huge writedown.
Some industry observers say while the latest development is a slight disappointment, they are not overly concerned as the group’s fundamentals are still intact, backed by the buoyant construction and oil and gas sector. Furthermore, the potential provisions would have no impact on RNAV as the amount is reflected as liabilities.
JIT News - Muhibbah ...
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Asia Petroleum Hub (APH), the developer and operator of the APH oil terminal in Johor, faced receivership. As one of the contractors for APH, Muhibbah was awarded the marine piling and jetty works worth RM820 million. The receivership status for the APH project was a negative surprise. However, it should not be a major concern at this juncture as APH is likely to negotiate for more time to resolve the matter and rope in a new investor. The worst-case scenario for Muhibbah is a write-down of the RM300 million due from APH, which would push Muhibbah into losses for FY11. However, there is no impact on RNAV as the amount is reflected as liabilities.
muhibah.....
最大的问题是：很多的报道都说有关的债务没有大问题。。。。之前，还说即将可以收回有关的款项。。。。
还很有信心，同时还会使到MUHIBAH马上获得大量的款项。。。
太有信心了！！！
这带来一个值得大家关注的问题，那就是。。。。超过半年的款项是不是要当成坏账？？？
拨备？？？
作为挂牌公司，更有必要诚实。。。。。。。。。。
MUHIBAH 所带出的信息是：董事会有信心可以收回有关的款项。。。。。。。。。一直在玩“障眼法”。。。。。。。。
投资者，股友该如何警惕呢？？？？
当局应该指定所有挂牌公司必须以大字。。列明。。。这些“未收款项”。。。。。还有本身所欠的款项。。。。。
为何到了今天，挂牌公司。。。。还那么不够透明化。。。。。。很多人说----马来西亚的股票公司。。。。很多是骗子在操作。。。。
甚至挂牌公司的高级职员也那么说。。。。。。。。
BURSA。。。。就是捕杀。。。。。专门捕杀可怜的股友。。。。。。。。。。。。
如果当局还不加强对付这些不诚实的挂牌公司。。。。。。。。将会有更多人认为马来西亚的挂牌公司信不过。。。。。如果马来西亚人都不相信本身的挂牌公司。。。。。外国人。。。。就更不用说了。。。。。。。。。
MUHIBAH。。。。。的“阴招”。。。。连很多老手，股票经纪也被蒙在鼓里。。。。。。。。。。。。。。。。
Asia Petroleum Hub (APH), the developer and operator of the APH oil terminal in Johor, faced receivership。。。。。。。。。
之前不是还在由大人物开幕吗？
Projects
Asia Petroleum Hub
In May 2006, the Govenment of Malaysia has mandated the Group's subsidiary namely Asia Petroleum Hub Sdn Bhd (APH) to develop and operate a Regional Petroleum Hub and Bunkering Facility on the government's reclaimed island at Tanjung Bin, Johor.
The Hub will have a 1 million m3 storage capacity with jetties that will receive VL class vessels. The Hub, which will be operational 24 hours, will have adequate space for dedicated multiple users. It will also meet international standards in blending various petroleum products as per clients’ specifications. With the approval of the Development Order in August 2007, this Landmark IDR Project is still under construction.
On 5 July 2007, YAB Dato’ Seri Abdullah Ahmad Badawi, the Prime Minister of Malaysia, officiated APH’s Commencement of Construction Works Ceremony.
http://www.cyusof.blogspot.com/2009/02/another-pkfz-in-making.html
SUNDAY, FEBRUARY 08, 2009
Another PKFZ in the making ...
Asia Petroleum Hub, Johor
The Malaysian Insider, here, has quoted a Singapore The Straits Times (TST) report today that a worsening ownership battle for a planned Malaysian bunkering facility on a reclaimed island in Johor (photo) to rival Singapore’s is threatening to derail the project and could hurt CIMB, one of the country’s largest commercial banks.
It appears that the project leader, a little-known private company called KIC Oil and Gas, has so far drawn down nearly half of its RM1.4 billion financing facility from CIMB to fund construction work. But it has failed to resolve problems with another key shareholder of the project, Seaport Terminal, which owns both the Johor ports of Pasir Gudang and Pelabuhan Tanjung Pelepas (PTP). This has prompted CIMB to consider suspending further funding for the construction.
Questions are now being raised over the viability of the project because the government has decided to hold back on its pledge to put in place the necessary infrastructure, valued at roughly RM350 million for roadworks and other utilities, until the shareholder row is resolved.
KIC insists that it is the rightful developer of the planned petroleum hub after it won rights to lease the island in July 2005 from the Ministry of Transport, but Seaport is disputing the award on grounds that the MoT's move to lease the 40ha reclaimed island to KIC violates an earlier privatisation agreement the company had with the government.
TST has also reported that in a bid to resolve the stalemate, the Malaysian government has decided to dictate the shareholding structure for Asia Petroleum Hub (APH), the company which was awarded rights to build and operate the bunkering facility.
Under the plan, KIC was awarded a 40 per cent interest in the project, while Seaport Terminal was given a 35 per cent shareholding. The remaining 25 per cent in APH was split between two other entities. All four parties have yet to sign a shareholders’ agreement but KIC has led construction work for the project with funding from CIMB. Who is behind MoT's decision to award rights to lease the reclaimed island to KIC and why the funding was released before the ownership problems are resolved remains unclear.
Its crystal clear to me, old bean.
LOGGED BY THE ANCIENT MARINER AT 21:45
6 COMMENTS:
Anonymous said...
Captain!
Nothing is going to happen to CIMB. It belongs to the little brother of you know who and besides it wont be the first time the gomen has bailed out this bank.
Like you said: greed to the fore!
9 February 2009 05:50:00 GMT+08:00
nightcaller said...
Captain, Thks for the highlight. Being a nincompoup in marine works, i am just wondering out loud why PTP/Pasir Gudang did not have its own bunkering facilities which will be more viable and feasible as compared to the construction of Asia Petroleum hub. Is Seaport losing its political clout?
Which also leads to another question. It was widely circulated that the higher Malaysian marine fuel price prompts the vessels to bunker in our southerly neighbour.
Putting the pieces together, is this another "KLIA- east" project pushed through "midnight regulation"? I sincerely hope that Cap can track the APH progress as it may be another of those "scam the public" project...
Till then...G'nite M'sia...wherever u are...
9 February 2009 08:09:00 GMT+08:00
Anonymous said...
Wow. Dies it mean CIMB will have 1.3B RM NPL coming up.
How come no cabinet decision on this?
10 February 2009 08:23:00 GMT+08:00
Zawi said...
Captain,
If not for the blogs, nothing like this will be known however massive the scale is. Such fiascos will definitely bankrupt the nation. Some people will still benefit though.
11 February 2009 13:03:00 GMT+08:00
Anonymous said...
Capt there is also another one which is under the radar which is the LPK quarters along per raja muda musa.This one is worth looking at as it also has links to pera monarchy.
The whole project was suppose to be with 2 tower blocks for housing but only the shops were done.
11 February 2009 21:07:00 GMT+08:00
Kuat kencing said...
A KIC Oil & Gas affidavit filed in Singapore High Court ...
fake documents to obtain RM120M loan from Ministry of Finance？？？
http://www.docstoc.com/docs/4788631/KICs-admitted-using-fake-documents-to-obtain-loan-from-Ministry-of-Finance-MDV.
Was this the reason about their PDZ pull-out?
28 March 2009 00:21:00 GMT+08:00
POST A COMMENT
Dear Reader,
This blog promotes freedom of speech and I invite fair comment. This is not a chat room and I would appreciate if you could identify yourself. However, if you prefer to remain anonymous please note that remarks that are deemed grossly inappropriate, maliciously defamatory, extremely vulgar or ad hominem attacks (against my person) will be deleted.
Thank you for visiting and commenting.
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