MAS made a profit of RM242 million in the quarter ended December 2007. Not to be outdone, Air Asia reported a profit of RM246 million in the same period. One up is SIA which made S$610 million. That must make you think that airlines is a good business.
All of this happened in a period of stiff competition where some airlines were literally giving away free tickets. This is also the period where crude oil hit new highs. High demand has also pushed up the salary of pilots and other staff.
So, it makes you wonder why MAS was losing hundred of millions of dollars a year before mid 2006. MAS was virtually a monopoly in the domestic market then. Fuel prices were much cheaper then. So the problem must lie with the management. Were they utterly imcompetent or were they working for their own interest. You think about that.
Wednesday, February 27, 2008
Tuesday, February 19, 2008
Is Suharto good or bad?
The man has died. But his legacy is controversial. During his rise to power in 1966, there was a massacre of communist and ethnic Chinese. Then, there is the ample corruption and nepotism during his rule. Yet, there is a clarion call for him to be pardoned and made a hero in his home land. LKY has said that he is no given enough recognition. To be fair, he did bring stability and progress to his country during his 33 years rule.
So, can his good deeds obliterate his sins. It is said that you are remembered for your mistakes but your good deeds are all not recognised. This is certainly not true here. Rather, it is the short memory of the human being that is at play. Or is it his stature that the people are unable to regard him any ill.
This phenomenon is also prevalent in society at large. Fledgling business people used unscrupulous means to make money. After they have got rich, they become philantropic. It is as though they are seeking atonement for their past deeds. Very often, they are able to change their image for the better.
So, can his good deeds obliterate his sins. It is said that you are remembered for your mistakes but your good deeds are all not recognised. This is certainly not true here. Rather, it is the short memory of the human being that is at play. Or is it his stature that the people are unable to regard him any ill.
This phenomenon is also prevalent in society at large. Fledgling business people used unscrupulous means to make money. After they have got rich, they become philantropic. It is as though they are seeking atonement for their past deeds. Very often, they are able to change their image for the better.
Monday, February 18, 2008
Taiwan people not Chinese?
For years now, the present Taiwanese government has been trying to dissociate itself from anything Chinese or China related. From history to language to official monuments, they try to obliterate any linkages or connections to the Chinese mainland. It is as though they really hate the Chinese.
But the reality is different. Taiwanese are investing heavily in China. They are reaping in the profits. Many of them stay in China to oversee their businesses. I don't think they hate China that much.
So, if you are born yellow, that means you are yellow. Painting yourself black or bleaching will not change that fact. In fact, it is not so so bad being a Chinaman. One quarter of the world's population is Chinese. Number means power. This will eventually prevail.
But the reality is different. Taiwanese are investing heavily in China. They are reaping in the profits. Many of them stay in China to oversee their businesses. I don't think they hate China that much.
So, if you are born yellow, that means you are yellow. Painting yourself black or bleaching will not change that fact. In fact, it is not so so bad being a Chinaman. One quarter of the world's population is Chinese. Number means power. This will eventually prevail.
Sunday, February 10, 2008
Election gimmicks
"Come the general election, there is an unusual degree of tolerance and flexibility in matters of race, language and religion as politicians try to woo the people. Why can't it be like this every day?" Wrote WCW in The Star.
Yes, election is near and the UMNO politicians have become especially nice. Suddenly, people are granted leases to the land they have been cultivating on for years. Chinese and Tamil schools are given funds to renovate their premises. The existence of the Chinese schools is reassured. Chinese schools with low student populations are allowed to relocate to urban area where the demand is greater. The politicians come down from their high pedestal, dressed down and greet & exchange niceties with every voter.
Once the election is over, as happened before, they would become arrogant and self-serving. At their annual party assembly, their would become racists and extremists. Don't expect free lunches then.
So, it is left for the voters to decide. Do we want hypocritical politicians who used small baits to hookwink voters. Think and act correctly. The decision is important for the future of the country.
Yes, election is near and the UMNO politicians have become especially nice. Suddenly, people are granted leases to the land they have been cultivating on for years. Chinese and Tamil schools are given funds to renovate their premises. The existence of the Chinese schools is reassured. Chinese schools with low student populations are allowed to relocate to urban area where the demand is greater. The politicians come down from their high pedestal, dressed down and greet & exchange niceties with every voter.
Once the election is over, as happened before, they would become arrogant and self-serving. At their annual party assembly, their would become racists and extremists. Don't expect free lunches then.
So, it is left for the voters to decide. Do we want hypocritical politicians who used small baits to hookwink voters. Think and act correctly. The decision is important for the future of the country.
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