Showing posts with label Companies Commission of Malaysia. Show all posts
Showing posts with label Companies Commission of Malaysia. Show all posts

The Wave & The Tide, Or Is It A Tidal Wave


After last March, followed by the Obama event, you'd think its a wave or things are just coincidental. Do political trends in one country affect another? If I can only say Yes or No, then I would say Yes. If its a neighbouring country, then it will be a more resounding Yes.

When we had the March 2008 tidal wave, many in Singapore were rattled. Some were in awe, some shocked, many began to question and wonder if something similar could ever occur in Singapore. Even ruling politicians in Singapore must have had many sessions and meetings debating the consequences and repercussions - the need to govern closely to to the pulse and will of the nation. It is when there is a growing divergence that waves and tides eventuate.

Neighbouring countries especially in Southeast Asia tend to look over at each other closely because culturally and racially we are quite similar in many ways. Caveat - we all don't know what the Thais themselves really want??!!! Now we just got wind of the election results for Indonesia. Is it a gentle wave or a tidal wave?

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The party of Indonesia's president won a resounding victory in parliamentary polls, handing him a stronger mandate to push a reformist agenda in the world's third largest democracy.

Unofficial counts from five polling agencies showed Friday that President Susilo Bambang Yudhoyono's Democratic Party would be the largest in the 560-seat lower house after collecting 20% of the popular vote. It ranked fifth in the last election in 2004.

That was a clear sign of widespread public approval for Yudhoyono's performance in his first years, but he will still have to form a coalition to garner enough seats to contest July 8 presidential polls and build a parliamentary majority that can push through his policies.

With preliminary, official results not expected for days, Yudhoyono made no comment about possible coalition partners, but analysts expect he will again join forces with the late dictator Suharto's party, Golkar, which took a beating at the ballot box, and any number of smaller Islamic parties.

Parties or coalitions need a fifth of the legislature or 25% of the popular vote to nominate a candidate for the presidential race.

The parliamentary election put Yudhoyono on track for "a landslide" in the presidential polls, said researcher Sunny Tanuwidjaja at the Jakarta Center for Strategic and International Studies. "This is an indication Yudhoyono is still very strong, very popular."

But while it gave him the political clout needed to seek a more ambitious agenda, it remains to be seen whether he would "dare to actually deliver the breakthroughs... He has always been perceived as a slow and indecisive figure," he said.

Indonesia, the world's most populous Muslim nation, emerged from 32 years of dictatorship when Gen. Suharto was swept from power in 1998, leading to reforms that freed the media, vastly improved the country's human rights record, and for the first time allowed citizens to vote for president. But corruption is still endemic throughout government institutions and the courts, undermining its democratic transition. Critics say deeper reforms are still badly needed.

Voting went smoothly at more than half a million polling stations across 17,000 islands, but pre-election violence left five dead in the easternmost province of Papua in an apparent rebel attack. There were also complaints about ballot paper mix-ups and incomplete registration lists that meant some people couldn't vote at all.

Copyright © 2009 Associated Press


p/s photos: Tomiko Van



Greed & Incompetence At CCM

There once was a company called Companies Commission of Malaysia, its a monopoly. You want to do a search on a company, usually private companies, you have to go to CCM.

Well, no one will allow such a monopoly to go to waste. In 2006, an obscure company called Rafflesia Communications Sdn Bhd, was given CCM by the Domestic and Consumer Affairs Ministry - why it wasn't open up for bidding I don't want to even guess.


The company's principal shareholders:

Datuk Md Affendi Hamdan

Datuk Wira IskandarDzakurnain Badaruddin (former EPU director general)

The company's directors are the two connected guys plus James Chun Sing Cheuk, Khoo Beng Chit and Khair Mahfar.


Well, they decided to close the counter services and do everything via the internet. Only problem, the system and database are nowhere near ready. Its greed and incompetence. They had two years to try and understand the business. It used to be RM10 per company search, and now with an internet service, it will be $15. Hmmm, obviously going online did not save costs, what is the business model like? You close the counters to save on labour and resources right, the cost savings are supposed to bring about lower cost to consumers - in the words of a wise man, wtf???


If you guys even sit down and try to understand the business, its quite a simple business, its a monopoly, but you need to understand the database. Not all companies data are on any database, a lot of the search are still done manually. More importantly, you all did not appreciate how things were done.

My god, its a scanning process only, even if you create automatic links for easy tabulation and search: company name, company number, names of directors, IC numbers of directors, paid up, most recent turnover... just creating these 6 fields will allow everyone to search according to:
a) a person's linkages to all private companies
b) ranking of private companies according to latest revenue, e.g. if you want to find out companies with revenues more than RM20m a year
It is so simple to improve the search, and these value added searches, you can charge more money... sigh...

All law firms know that you do not just pay RM10 per search, you pay RM12. The extra RM2 goes into a well organised system where there are ready runners at these counters that will have a jump on queue on all requests for the day. The RM2 is shared with the couriers and the staff behind the counters as well. Its a well oiled system. You want to do it yourself, yes, you will only pay RM10 but you risk waiting for a long time for your printout. Now, you are dismantling this structure, and you expect all your staff to work with you??!! Basic managerial skills not evident, basic people skills also not evident.


Then you launch something that is nowhere near ready, not even beta level. You guys seem to have little understanding on how to launch an online system to replace your bricks and mortar business. There must be solid test runs prior to launching. Its like you guys have no business running a business.
I am sure there are many who can run this well and profitably, and get the staff to be 100% behind this company, and charge less than RM10 per search. Its not even rocket science. Now its so bad, people come in with a request for 20 companies may be lucky to get half of that done. Its soooo bad.

Want to latch onto a goldmine also must be able to have some street smarts la... if have connections but don't really want to work, go to Pharmaniaga and supply generic medicine to them. You buy from Indian generic producers at say RM10, sell to Pharama at RM30 and Pharma will sell to government hospitals for RM45... you don't even need to keep inventory, just ask the producer to ship straight to Pharma and pocket the difference. Get projects commensurate to the amount of work you are willing to put in, go and get these kind of simpler projects la.


Now, can I get CTOS to be given to me. I promise to get the data up to date with only a 48 hour delay, and cut prices by 30%. Gee, who do I know....


p/s photos: Yuri Ebihara