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Tuesday, 13 March 2012

NFCorp Boss Charged With CBT in 'Cowgate' scandal!

Day in court: Datuk Seri Dr Mohamad Salleh Ismail (above) leaving the courthouse after being charged. Also present were his wife Datuk Seri Shahrizat Abdul Jalil and their son Wan Shahinur Izmir Salleh (below).
By MAIZATUL NAZLINA and TERENCE TOH newsdesk@thestar.com.my

KUALA LUMPUR: The executive chairman of the National Feedlot Corporation Sdn Bhd has claimed trial at the Sessions Court here to two counts of committing breach of trust and two counts of violating the Companies Act 1965 involving RM49.7mil.

Datuk Seri Dr Mohamad Salleh Ismail, 64, arrived in court at 2.15pm accompanied by his wife Datuk Seri Shahrizat Abdul Jalil, their eldest son Wan Shahinur Izmir and other family members.

The charges were read to Dr Mohamad Salleh at 2.27pm before judge S.M. Komathy Suppiah in a packed courtroom.

The proceedings yesterday marked a new chapter in the NFCorp controversy which arose after the Auditor-General's 2010 Report highlighted the failure of the National Feedlot Centre to achieve its target, and which grew with revelations that the company had used the government-funded soft loan for purposes not related to cattle breeding.



Dr Mohamad Salleh was charged with dishonestly misusing funds amounting to RM9,758,140 through four cheques to partly finance the purchase of two units of One Menerung Condominium in Block B here for the National Meat and Livestock Corporation Sdn Bhd, which he owns with one of his sons.



According to the charge, he committed the offence in his capacity as an NFCorp director entrusted with control over the company's assets.

He is said to have committed the offence at CIMB Islamic Bank Bhd in Jalan Burhanuddin Helmi, Taman Tun Dr Ismail, here between Dec 1 and 4, 2009.

Dr Mohamad Salleh was charged under Section 409 of the Penal Code which carries a jail term of up to 20 years, a fine and whipping.

He is also accused under Section 132(2)(a) of the Companies Act 1965 of committing the offence without approval from an annual general meeting of NFCorp to gain profit directly.

He is also accused of transferring NFCorp's funds of RM40mil through a cheque into the National Meat and Livestock Corporation's account at the same bank from May 6 to Nov 16, 2009.

For this, he faces charges of criminal breach of trust and violating the Companies Act.

Deputy Public Prosecutors Dzulkifli Ahmad, Awang Armadajaya Awang Mahmud and Azimul Azami prosecuted while the defence was led by Badrul Munir Bukhari.

Pleading for a lower bail, counsel Badrul Munir said Dr Mohamad Salleh had given his full cooperation to the police and prosecution, and his client was in court to clear his name. He applied to release the accused on a RM50,000 personal bond for each charge.

Dzulkifli said the prosecution had no objection to the application as they did not see why Dr Mohamad Salleh would flee the country. He, however, said the accused should surrender all his travel documents to the court.

Dzulkifli applied to the court under Section 165 of the Criminal Procedure Code for a single trial for all the charges.

Judge Komathy agreed to a single trial and set bail of RM500,000 with one surety for all four charges.
She also ordered Mohamad Salleh to surrender his passport pending mention of his case on April 13.

Wan Shahinur Izmir paid the bail.

Shahrizat was impassive in court and declined to speak to reporters after the proceedings.

Malaysian minister to step down in midst of 'Cowgate' scandal
By THE ASSOCIATED PRESS
U.S. Secretary of State Hillary Rodham Clinton, right, is greeted by Malaysian Minister of Women, Family, and Community Development Shahrizat Abdul Jalil before a town hall event at the International Institute of Islamic Thought and Civilization on Tuesday, Nov. 2, 2010, in Kuala Lumpur, Malaysia. (EVAN VUCCI / AP)
U.S. Secretary of State Hillary Rodham Clinton, right, is greeted by Malaysian Minister of Women, Family, and Community Development Shahrizat Abdul Jalil before a town hall event at the International Institute of Islamic Thought and Civilization on Tuesday, Nov. 2, 2010, in Kuala Lumpur, Malaysia. (EVAN VUCCI / AP)

KUALA LUMPUR, Malaysia — A Malaysian minister said Sunday she will step down amid accusations that her family misused a 250 million ringgit ($83 million) government loan meant for a cattle project to purchase condominiums, vacations and a Mercedes. 

The scandal, dubbed "Cowgate,'' has greatly embarrassed Prime Minister Najib Razak ahead of general elections widely expected to be called by June. 

After months of resisting calls from critics to step down, Shahrizat Abdul Jalil said she will resign as minister of women, family and community on April 8 once her term as senator ends. 

Shahrizat said her decision had nothing to do with the cattle project run by her husband and three children but that she is stepping down as a "responsible member of the government.'' She will, however, stay on as chief of the women's wing of the ruling Malay party. 

The scandal emerged last year after the auditor-general's annual report said the National Feedlot Center run by Shahrizat's family had not met its goal of making the country 40 per cent self-sufficient in beef production by 2010. 

Since then, opposition parties have accused the company of using a government loan allocated for cattle rearing to purchase property including luxury condominiums in Malaysia and Singapore and other personal items. Shahrizat's family has denied any wrongdoing, saying the company was allowed to use the loan at its discretion and that the properties would earn it rental income. 

Police have recommended that the company's directors be charged with criminal breach of trust but the attorney-general has asked police to conduct further investigations. 

Najib said Shahrizat's resignation was a sacrifice in the interest of the government and party. 

"Although there is no proof so far that she had committed any offence in terms of law, because the (project) has drawn controversy and dispute, she was willing to withdraw from the government,'' the national Bernama news agency quoted him as saying. 

Analysts said Shahrizat's resignation wasn't surprising as Najib isn't likely to renew her senatorship. 

"Cowgate is a big blow to Najib as it shows he is slow to act on allegations of high-level corruption,'' said James Chin, a political science lecturer at Monash University in Malaysia. 

Najib's National Front coalition suffered its worst performance in 2008 polls, losing more than a third of Parliament's seats to a resurgent opposition amid widespread discontent over the government's handling of problems such as corruption and racial discrimination. 

While the ruling coalition isn't expected to lose power in upcoming polls, scandals such as Cowgate make it tougher for Najib to consolidate his power. General elections are not due until 2013 but are widely expected in the next few months.

Related Stories:
Muhyiddin commends Shahrizat's brave decision
Shahrizat absent from opening of Parliament  

Monday, 12 March 2012

Fukushima nuclear meltdown - one year later

GLOBAL TRENDS By MARTIN KHOR
 
As the world marks the first anniversary of Japan’s triple tragedy, lessons are still being drawn from the Fukushima nuclear accident and the dangers of nuclear power plants.

 IT’S been a full year since Japan’s triple disaster of earthquake, tsunami and nuclear meltdown, and the reverberations are still being felt.

The tsunami on March 11, 2011, caused around 19,000 deaths (16,000 known dead, 3,000 missing) and 320,000 were made homeless.

The nuclear disaster alone created 100,000 nuclear evacuees.

The lesson, only partially learnt in Japan itself and hardly learnt in other countries, is that natural disasters can come in many unexpected forms and governments must put aside considerable resources and facilities to prepare for and manage them.



The lesson usually becomes obvious when a disaster occurs.

After that, a pledge is made to be better prepared and much of that is not implemented until the next disaster and the cycle begins again.

While the tsunami caused the most immediate damage, it was the nuclear incidents at the Fukushima power plant that were the most shocking and may have the most long-term repercussions.

The nuclear disaster blew away a lot of myths.We now know, again, that nuclear power plants are not safe.

The claim by Tepco – the Japanese company operating the Fukushima plant – that the reactors were fail-safe and could withstand earthquakes, was proven to be wrong.

The ability of the regulatory autho­rities to monitor and check for risks and ensure safety was near absent.
An independent commission, which was set up by the Rebuild Japan Initiative Foundation to investigate the nuclear incident, shows how close Japan came to a catastrophe.

Its chairman Yoichi Funabashi, in an article in last Saturday’s Financial Times, said that Japan was on the edge of an “existential crisis”.

As the tsunami knocked out the Fukushima plant’s cooling systems, the Tepco president indicated his company’s intention to abandon the plant and evacuate its workers.

Japanese Prime Minister Naoto Kan personally intervened, ordering the company not to abandon ship and form a “death squad” to continue the battle and inject water into the reactor vessels.

A worst case scenario, prepared for the prime minister by the Japan Atomic Energy Commission, envisioned a hydrogen explosion, a succession of meltdowns and such extensive radiation that the whole of Tokyo would have to be evacuated.

Funabashi said: “The truth is that the imagined ‘worst-case scenario’ was closer than anyone would wish to admit; but for the direction of the wind (towards the Pacific, not inland, in the four days after the earthquake); but for the manner in which the gate separating the reactor-well and the spent-fuel pool in Unit 4 broke (presumably facilitating the transfusion of water into the pool). Luck was undeniably on our side.”

Funabashi’s commission found that the nuclear industry had become ensnared in its twisted myth of “absolute safety”, propagated by interest groups seeking to gain broad acceptance of nuclear power.

He also found that “Japan’s nuclear safety regulatory regime was phoney. Regulators pretended to regulate; utilities pretended to be regulated. In reality, the latter were far more powerful in expertise and clout”. He offers two lessons to be learnt.

First, is the need to overcome the myth of “absolute safety”, shatter the taboo that surrounds the concept of risks in the nuclear energy business and the need to prepare for the unthinkable and unanticipated.

Second, is the need for an independent regulatory body.

A major fallout from the Fuku­shima accident is the blow it has dealt to the nuclear industry.

It highlighted the danger a country faces when something goes wrong.

Of its 52 nuclear plants, Japan has now shut down 50 plants. The remaining two may also be shut down next month.

Although the government may try to reopen some of them, the public revulsion against nuclear plants could mean that their days are numbered.

There has also been a global backlash, with Germany, Italy, Belgium and Switzerland declaring that they will phase out their nuclear plants.

The situation in Asia, however, is mixed. China has suspended the building of new nuclear plants pending changes in safety standards.
India, Vietnam and Korea are going ahead with their nuclear power programmes.

“If more nuclear power plants are built in developing countries with little experience of operating a reactor, or bordering a region where terrorism is a concern, or without sufficient financial resources to import state of the art technology, then the chance of a major nuclear accident hitting the developing world will loom large in the coming decades,” said Kevin Tu, senior associate at the Carnegie Endowment for International Peace.

Meanwhile The Economist magazine, in its latest cover story, “Nuclear Energy: The dream that failed” is pessimistic about the future of the nuclear industry.

Nuclear plants are costly to build and operate. British studies put the overnight cost of new power plants at US$2,233 (RM6,720) for every kilowatt of capacity in 2004 and US$3,000 (RM9,028)/kw in 2008, according to The Economist.

Capacity fired by gas turbines cost less than one-fifth of that. The cost of renewable energy (wind and solar, in particular) is, however, getting cheaper every year.

Perhaps, the most intractable problem is nuclear waste. As The Economist noted, building a nuclear plant that can last 100 years is one thing, but creating waste that will be dangerous for 100 times as long is another.

So far, countries have failed to create a long-term repository for nuclear waste.

As the public has become intensely more aware of the dangers of radiation, the resistance to locating nuclear plants in their neighbourhood has grown fiercer.

No doubt the Fukushima meltdowns and its aftermath have contributed to increased awareness and to the bad name that nuclear power has acquired.

P/S:  We sympathize with Japan's sufferings from earthquake, tsunami caused by nature that resulted in Fukushima nuclear meltdown a year ago.

How Japan feels when we remember the victims of its Nanjing Massacre committed and occupied by Japanese troops on Dec 13, 1937, China's former capital city suffered a six-week massacre in which more than  300,000 Chinese were Killed, 20,000 Women Raped ... ?


Related posts:
Major nuclear accidents around the world, What ...

Japan's Nuclear Reactors threaten nuclear power's future!
World Energy Market Adjusting to Japan Nuclear Crisis    
New power line could cool Japanese reactors
Major nuclear accidents around the world,What relationship & causes earthquakes & Tsunamis? Water to cool reactor in Japan!
Nanjing Massacre remembered!  
Chinese Outraged by Denial of Nanjing Massacre by ... 
Japanese Occupation survivors tell their stories

The dark side of Facebook; Link to socially aggressive narcissism

Our social networking pages are being policed by outsourced, unvetted moderators.

The invisible army policing Facebook has access to our most intimate secrets - The dark side of Facebook

The invisible army policing Facebook has access to our most intimate secrets Photo: Reuters

Sunday, 11 March 2012

Leadership management and strategy - failure of Obama Presidency

HOPE IS NOT A STRATEGY: Leadership Lessons from the Obama Presidency
John Mariotti   John Mariotti, Forbes Contributor

English: Barack Obama delivers a speech at the...
Image via Wikipedia
BREAKING NEWS—A Series of Excerpts from A Powerful New Book

Much has been written about Barack Obama’s presidency during his first three years. His supporters still adore him. His critics dislike him intensely. The real question is, why has Obama failed—in his own terms: “to turn this country around?” His campaign mantra of “HOPE & CHANGE” created tremendous expectations. The problem is, as our title states, “hope is not a strategy” and the “change” has been change for the worse, and not better.

Now there is a new book which chronicles thirty of Obama’s most notable failures and mistakes from a new perspective: as problems of leadership, ideology and inexperience–combined. Co-author Dave M. Lukas and I have combined the perspectives of two different generations of executive and entrepreneurial success into a series of short, easy-to-read chapters, each of which describes one or more of Obama’s failed outcomes, and goes on to offer valuable lessons for life, career and most of all, for current and future leaders in business and government.

Dave and I are both deeply concerned about America’s future as it struggles under Obama’s staggering budget deficits and imperial power plays, leading to sluggish growth, record unemployment and a general lack of respect for the USA that is growing greater every month he is in office.

When Barack Obama exploded onto the national political stage—literally—during the 2004 Democratic convention, he used his oratorical skills to elevate his thin resume and undistinguished career into national prominence. He stated his conviction that, “There is not a liberal America and a conservative America – there is the United States of America.” Unfortunately, after a masterful campaign, in which he echoed this line in various forms, he did not behave or govern this way. Under his presidency, the divide between the conservative and liberal elements of the US government has grown wider, not narrower. Obama has been a divider, not a uniter.

Why this happened can lead to complex, and contentious arguments. That it has happened is indisputable. In HOPE IS NOT A STRATEGY: Leadership Lessons from the Obama Presidency we break down some of the many the problems, mistakes, failures and “misstatements” that Americans encountered during President Obama’s first term.

In this series, I will post excerpts from several chapters of the book, to provide readers a “taste” of what the book contains. It has been called “The most important book of 2102,” and described as, “An insightful guide to leadership and management based on examples of stunning failures and what not to do.” Another assessment of it said it this way: “Every American voter needs to read this book. It will help them see Obama’s many mistakes—prove that style and oratory do not trump substance…”

The book will be available in late March on www.amazon.com in both paperback and Kindle versions, and other on-line booksellers. To sign up for more details of availability, go to www.hopeisnotastrategybook.com and click on the Contact tab.
—————-
John Mariotti is an internationally known executive and an award-winning author. His newest book, co-authored with D. M. Lukas, Hope is NOT a Strategy: Leadership Lessons from the Obama Presidency will be available in March 2012 at www.amazon.com. Mariotti’s 2008 book, The Complexity Crisis was named one of 2008’s Best Business Books. His critically acclaimed 2010 novel, The Chinese Conspiracy, merges an exciting fictional thriller with the reality of America’s risk from Cyber-Attacks. Mariotti does keynote speeches, serves on corporate boards and is a consultant/advisor to companies. He can be reached at www.mariotti.net.

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Western Imperial powers overreach, yet again!

From Egypt to Russia, the Western urge to meddle in other countries continues to be troublesome.

Behind The Headlines By Bunn Nagara

THE so-called Arab Spring continues to spring surprises, most of all on its Western backers. With double standards in international politics, just about anything goes.

US, Israeli and European cheerleaders of Arab “regime change” through street politics have realised by now that the naive notion of ousting dictators does not travel in a straight line. Among other things, the new regimes that emerge have tended to be more independent and less Western-friendly.

In Egypt, the Muslim Brotherhood’s Islamist Freedom and Justice Party has taken the pivotal role in post-Mubarak political life, including the upper house of Parliament. In Tunisia much the same has been happening with the Islamist Ennahda party.

Shifting the goalposts: When allegations of voter fraud bore no fruit, Moscow’s street protesters switched to accusing Putin of using rough tactics on them as police made arrests. — AFP
 
An element of that plays in the opposition Syrian National Council’s multiple splits. The more cautious Western officials are currently hesitant to provide “hard power” to the rebels battling Damascus, since rebel ranks include al-Qaeda.

Right-wing US lawmakers like John McCain are chiding President Obama for not arming Syrian rebels. It is telling that McCain’s best claim to fame is as a veteran of the Vietnam War, that classic icon of a failed and futile US armed intervention.

Even so, the temptation for a hyperpower to intervene can be irresistible, so Washington covertly dispatches regime-change NGO activists as catalysts instead of the Marines. It is what Secretary of State Hillary Clinton calls “smart power.”

However, the double standards when compared to similar situations elsewhere then become glaring. After Western-allied Saudi Arabia sent troops into Bahrain to suppress protesters there one year ago, Western-compliant Qatar has called for supplying troops and weapons to Syrian rebels fighting President Assad.

To an incumbent government in Iran that is also being targeted by Western and Israeli policymakers, all of that is enough to invoke Islamism in defiant response. Although President Mahmoud Ahmadinejad remains the convenient bogeyman for the West, his political rivals at home are even more conservative and Islamist as shown in parliamentary elections early this month.

Nonetheless, neither religion nor showy forms of piety is the issue: it is a country’s unwillingness to comply with Western requests and demands that is. The stakes are raised when such a country is oil-rich and occasionally snubs Western concerns as well.

Currently the most conspicuous example of this is Russia, or rather president-elect Vladimir Putin’s Russia. This is a country that happens to channel the West’s worst “fears” today: being big, rich in oil and gas, independent-minded, “uncooperative” with the West over Libya, Syria and Iran, and even opposed to Nato’s eastwards expansion right up to Moscow’s doorstep.

Thus US and some European leaders are as keen for a “Russian spring” as they have been about a political spring-cleaning in Arab and Muslim countries they do not yet control. How the West would respond to anti-Putin street protests was therefore a foregone conclusion.

Russia’s recent presidential election provided the moment for a convergence of anti-Putin posturing. Russian street protesters, then Western media, and then Western governments formed a chorus to denounce Putin’s victory and the electoral process that led to it.

This happened both from a distance, such as the State Department or the Oval Office, as well as from within Russia by a visiting team of OSCE (Organisation for Security and Cooperation in Europe) election observers. It also occurred from the editorial offices of supposedly liberal Western media.

But what is the substance of complaints, apart from the usual geopolitical power plays?

If indeed the election had been a sham as the protesters and critics have been claiming, the evidence for it would have been presented, analysed, commented on and displayed. The Putin electoral bandwagon would and should have been stigmatised, although the appropriateness of any foreign political action would still be in question.

Russian protesters at least would have been justified in their street demonstrations, and assured of the justice of their cause. Instead, the protesters were already out in the streets denouncing Putin months before the election, which gives some indication about the content of their complaint.

Now weeks later, opposition claims of vote fraud favouring Putin is still without substance. Opinion polls before the election indicated a two-thirds majority support for Putin, and the results have since shown 64%.

Even Putin’s opponents had agreed that he had no problem securing enough votes to win the election. Until now his opponents and critics have not explained why he needed to cheat to win, and furthermore they failed to show that he had cheated.

No evidence 

Interestingly, the OSCE observers indirectly rebuffed opposition claims of multiple voting by Putin supporters, and instead reported on the negative perceptions that attended the voting. The Europeans had no evidence of vote fraud and declared that there were no significant violations, but they still hankered after attaching a negative spin to the election and its result.

They cited no improper motives by Putin’s United Russia party, yet they were not above tainting the election result through implication or by default. Perhaps that was an attempt at smart power too.

If anyone had any “actionable” evidence of fraud it would have been the OSCE observers, yet they served up nothing. Their position would in effect have been a workable endorsement of the election’s credibility.

United Russia had failed to secure a two-thirds majority, yet the CIA-linked Voice of America reported that Putin had won “by a landslide.” Meanwhile, the opposition claim of voter fraud persisted all-round in the face of the absence of any evidence to substantiate it.

That much might have been expected of Putin’s opponents at home and even Western governments averse to his independent ways. But for Western media to chime along without questioning the basis of their presumptions, and even failing to report dispassionately, shows a decline in professional ethics.

At the heart of such reporting and editing is a tendency to approach opposition claims with less scepticism than government ones, although both sides are equally interested parties in an electoral contest. It is an approach typical of the Western media in the Third World.

As for Moscow’s street protesters, they have lately taken to shifting the goalposts. After their allegations of vote fraud bore no fruit, they switched to accusing Putin of using rough tactics on them as police made arrests.

At the same time, protesters say they want neither violence nor a revolution, just more transparency and the rule of law. They have no alternative candidate they prefer to Putin, just an alternative mode of the government’s handling of the election for a better sense of confidence in the process.

Essentially, the protesters did not endorse any particular candidate but were instead just being anti-Putin. The very fact that they have been doing so openly without being packed off to a gulag in Siberia for life shows the distance Russia has travelled since the collapse of the Soviet Union.

For now, Putin’s main rival candidates – a communist, a crypto-fascist and a controversial oligarch – seem to leave little to be desired between them. If the unspoken objective of Russian voters is getting a president who can act competently and confidently to safeguard Russia’s interests, the election might already have been purposeful enough.

The protesters and their Western backers might then just need a little time to reconcile themselves to it. That could be their best option in smart politics yet.

Golf, a good walking game!

Make it a good walk  

Golf is an enjoyable sport as long as there is an element of exercise involved, like walking, otherwise it’s just a parlour game.

Bukit Jambul Country Club in Penang has issues with members now not allowed to walk the course.
The phrase “Golf is a good walk spoilt” is often attributed to the famous American scribe Mark Twain, who was said to have used it to describe his frustration with the game.

The truth is that Twain, whose real name is Samuel Langhorne Clemens, never uttered those words but it seems a US magazine in the 1930s attributed the phrase to him because “it sounded like something Twain would say”.

Regardless of who is the original author, we golf mortals, who find the simple instruction of keeping the ball in a straight direction an impossible task, find so much truth in that phrase.

Even a demi-god like Tiger Woods is struggling to keep his game together and often refers to the present state of his game as military golf because he keeps hitting the ball left and then right and then left and then right again – like soldiers marching.

However, all of us continue to chase after the white dimpled ball because we want to get better at it and it is probably the only form of exercise we get after hours in the office. Thus, it’s a good walk spoilt – a good exercise pursuit interjected by bad golf.

This brings me to the recent controversy surrounding the Bukit Jambul Country Club in Penang where the management company running it has decided to ban golfers from walking.

The actual ruling is not a ban on walking but rather that all golfers taking to the course must rent a buggy.

The clash between the golfers and the club operators – Taiyo Resorts – has descended into all sorts of battles from name calling at press conferences to disciplinary hearing against members who opposed the buggy only ruling which took affect on Feb 1.

It all started when some 100 members voiced their displeasure over the compulsory buggy-use rule at the golf club.

According to the club’s liaison committee chairman, Stanley Park, from that day walking hours were restricted to after 5pm (only on Monday and Tuesday). Many other clubs around the country also restrict golfing to non-peak hours but none have enforced it as strictly as BJCC.

“However, the club has already made known to the members of the Liaison Committee during one of our regular meetings, that BJCC shall be a full buggy course as soon as the renovations of the fairways gets completed,” Park said in an interview.

More than 100 disgruntled golfers protested at the club on Feb 2, saying the ruling was not suitable due to the way the course was built as it was designed for golfers to walk and not intended to be a buggy course.

They also complained about the increase in the buggy rental rates from RM22 to RM37 for the first nine holes.

Taiyo Resorts’ managing director Datuk Eiro Sakamoto argued that majority of the club’s 2,800 members did not object to the new ruling and it was just a few golfers who were making noise.

It cannot be denied that the “buggy only” ruling is a way for the company to increase their ancillary income – after all it had promised the state government, which owns the course an increase in profit.

However, most visitors to Bukit Jambul would rent a buggy as it is quite a commando course with hilly and tight fairways that are quite sapping for those unused to such conditions.

But for golfers, seeking a good workout, Bukit Jambul is the perfect course to keep fit and to test whether you can avoid playing Tiger’s military golf.

Making money from running a golf club is not an easy thing especially when you have a course built into the top of a hill. Maintenance, I expect, would be high and the green fees collection cannot be much.

The subscription is just over RM90 and with 2,800 members, this works out to be RM252,000 per month. The extra revenue from F&B plus ancillary income like golf buggy rental becomes important.

However, the management of BJCC must take cognisance of the importance of walking when playing golf.

It improves your game because it keeps the rhythm going when one walks:

  • This is how the game is supposed to be played and this way the game finishes faster as the golfer walks straight to the ball.

  • It improves the fellowship among the flight of golfers because all four of them can walk and talk at the same time.

    I hope that the matter can be resolved amicably as golf is a gentleman’s game with proper rules.

    So till next month, walk the course and truly enjoy the view.

    Keep Walking.. Keep Walking...Keep Walking

    Keep Walking.....

    Because...
     
    The Organs of your body have their sensory touches at the bottom of your foot.

    If you massage these points you will find relief from aches and pains as you can see the heart is on the left foot.

    Typically they are shown as points and arrows to show which organ it connects to.

    It is indeed correct since the nerves connected to these organs terminate here.

    This is covered in great details in Acu-pressure studies.
     
    God created our body so well that he thought of even this.

    He made us walk so that we will always be pressing these pressure points and thus keeping these organs activated at all times.

    So, keep walking....... LIVE LONGER !!!!! 

  •  Golfer or not, you must see this clip...
     http://www.youtube.com/watch_popup?v=aw-nt0eTb2w

    It's all in the balance... (He plays off 3!!) And he walks the course!!!!!

    Is there something unreal with our fliers at the club?

    Hear that members are filing court action for some declaration of rights to play golf the way it was meant to be played?

    Perhaps some of you LC members can show this clip to the presiding judge. Thanks
    Related posts:
    BJCC Golf Club management Fiasco: challenges ...
    BJCC management fiasco: 'Outsourcing not the fair way ...

    Saturday, 10 March 2012

    Moody's declares Greece in default of debt

    Bond credit rating agency says EU member has defaulted on its repayments as it secures biggest debt deal in history.



    Moody's Investors Service has declared Greece in default on its debt after Athens carved out a deal with private creditors for a bond exchange that will write off $140 billion of its debt.

    Moody's pointed out that even as 85.8 per cent of the holders of Greek-law bonds had signed onto the deal, the exercise of collective action clauses that Athens is applying to its bonds will force the remaining bondholders to participate.

    Overall the cost to bondholders, based on the net present value of the debt, will be at least 70 per cent of the investment, Moody's said.

    "According to Moody's definitions, this exchange represents a 'distressed exchange,' and therefore a debt default," the US-based rating firm said.

    For one, "The exchange amounts to a diminished financial obligation relative to the original obligation."

    Secondly, it "has the effect of allowing Greece to avoid payment default in the future."

    Ahead of the debt deal, Moody's had already slashed Greece's credit grade to its lowest level, "C," and so there was no impact on the rating.

    Moody's said it will revisit the rating to see how the debt writedown, and the second Eurozone bailout package, would affect its finances.

    However, it added, at the beginning of March "Moody's had said that the risk of a default, even after the debt exchange has been completed, remains high."

    Source: Agencies  Newscribe : get free news in real time