Saturday, March 10, 2007

The Parallels of Free Textbooks and the NEP

The NST reported today that Education Minister, Hishammuddin Hussein has responded to suggestions that a free textbooks scheme be implemented for all students.

From what I read, he basically said no and elaborated on the pitfalls of such a scheme. (1) It was not means-tested (ie. it doesn't ensure that only the poor and disadvantaged benefit from it) and (2) the beneficiaries have no follow-up accountabilities.

The former is simply unfair and the latter encourages a rent-seeking attitude of "entitlement", rather than "assistance". And I have to say I agree with the minister.

But hang on... what actually struck me was how the minister's statements [about free textbooks] are just 100% as applicable to the NEP (National Economic Policy or better known on blogosphere as NEarly aPartheid policy). Here are some choice quotes from the minister himself.

On TEXTBOOKS:
"Don't tell me that about 97% of the students are destitute. It's not possible."
Applied to the NEP:
Don't tell me that 100% of the bumiputras are destitute. It's not possible"
On TEXTBOOKS:
"... but it would be difficult to withdraw a subsidy once it had been given.

The fund is not going to get smaller.

There will be more students and more need to borrow textbooks"

Applied to the NEP:
It is difficult to withdraw handouts since they had been given.

The handouts are not going to get smaller.

There will be more bumiputras and more demands for handouts.

On TEXTBOOKS:
"The ministry would only provide free textbooks to all students if those who benefit from the scheme would help in ensuring that funds were always sufficient for such a move," the minister said.
Applied to the NEP:
The govt should only provide handouts to bumiputras if those who benefit from the NEP would help in ensuring that funds were always sufficient for such a move.
On TEXTBOOKS:
Hishammuddin said it was "dangerous" that even the rich benefit from the scheme.
Applied to the NEP:
It is "dangerous" that even the rich benefit from the NEP.

It's just sad that the minister could be so lucid and reasonable on something like free textbooks, but absolutely incapable of applying the same logic & standards to the NEP - which economic burden is comparatively astronomical and and comes with a behavioural downside the size of a galactic black hole.
.

Tuesday, March 06, 2007

Singapore Govt throws it's weight behind F1 Bid.

Almost there but not quite. But with the govt having given (1) it's approval, (2) made a statement in parliament that the prospects are "good" and (3) agreeing to bankroll the bid as well,... I think we can start counting some chickens. Though they may not quite have hatched, you've gotta agree that we can see little beaks poking their way out of eggshells.

Minister of State for Trade and Industry S Iswaran said this in Parliament on Monday when responding to questions from MPs Teo Ser Luck and Liang Eng Hwa.

As such, he said the government is willing to support such a venture up to a level commensurate with the broader benefits to the economy.

Mr Iswaran added, "In response to Mr Teo and Mr Liang, I would say that the prospects are good, but there are still issues, such as the commercial terms to be struck between a potential race promoter and the F1 Group, the level of support required from the government, and the extent to which other stakeholders come forward with their support."

http://www.channelnewsasia.com/stories/singaporelocalnews/view/262158/1/.html
Click the links below for related posts on Singapore F1 GP:
.. Singapore F1 GP - getting close... real close
.. Singapore... Monaco of the East?
.. The Proposed F1 Singapore GP Street Circuit
.. Singapore F1 - possibly Sept 2008 & a NIGHT race!
.. Singapore to have F1 Street Circuit? Sepang leh, how?

Monday, March 05, 2007

Malaysia Boleh or Tak Boleh, now?

Pak Lah, the KLCI's down more than 6% already today. When's the 1,350 pts coming lah?

For a kuchi-fart investor, like millions of my countrymen, I'm dying here!
Apparently I'm not the one doubting whether we 'boleh' or not. Have a read of page 1 of today's Today newspaper.

Sunday, March 04, 2007

Our Media: Purveyor of Truth, Spineless Yes-man or Bubbly Cheerleader?

I reckon the govt wants the country's media to become a schizophrenic basket case. Exactly what role is the media supposed to play here?

I always thought an ethical & professional media is just supposed to report the truth. Nothing else but the truth [Purveyor of Truth]. But apparently, I might be wrong.

Here's Zam's guidance on "proper roles" of the media:

DO NOT CONTRADICT OUR LEADERS AND MAKE THEM LOOK STUPID [Yes-man]

Zam Regrets Media Played Up Drop In Stock Index
http://www.bernama.com/bernama/v3/news_lite.php?id=249656

ALOR STAR, March 4 (Bernama) -- Information Minister Datuk Seri Zainuddin Maidin said he was disappointed that the local media played up last week's fall in the Bursa Malaysia stock index.

"Such reports are of no help at a time when the country's leaders, including Prime Minister Datuk Seri Abdullah Ahmad Badawi, are saying that our economy is on the right track with strong fundamentals.
BE A CHEERLEADER AND REPORT ONLY THE GOOD STUFF [Cheerleader]
"I hope the media will play its role in instilling confidence in investors within and outside the country that the economy is stable and strong"
If you ask me, I'm just a little bit concerned that Zam did not regard reporting the truth to be important enough to merit even a single word in his comments.

Saturday, March 03, 2007

Singapore F1 GP - getting close... real close

I really think Singapore is close to clinching the F1 GP deal. This sort of reporting is pretty rare in this city state if it is based on pure speculation. The tight laws and press controls will see to that.

The article, which appeared today in Singapore's Today newpaper claims that a confirmation may come as early as next week. The paper's source also claims that the race (starting 2008) is practically in the bag and all that's needed is an official announcement.

Other news reports:

Channel News Asia - 4 hours ago
http://www.channelnewsasia.com/stories/singaporelocalnews/view/261788/1/.html

So it is no surprise then when both F1 and A1 expressed their desire to stage a race here. Singapore authorities have yet to decide whether to accept either one or both offers.

But with growing interest, and benefits such as making the city more vibrant, some suggest Singapore could play host to both races.
Yahoo Finance SINGAPORE, March 2 (Reuters)

Property firm Hotel Properties (HPPS.SI) rose as much as 15.8 percent to S$3.82, on market talk that the property firm has secured rights to host Formula One (F1) motor racing in Singapore, dealers said.

The firm could not be reached for comment on Friday.
Well, stay tuned to this blog. I'll make sure to post the official outcome as soon as it's announced.

Click the links below for related posts on Singapore F1 GP:

Singapore... Monaco of the East?

The Proposed F1 Singapore GP Street Circuit

Singapore F1 - possibly Sept 2008 & a NIGHT race!

Singapore to have F1 Street Circuit? Sepang leh, how?

Yet Another Demand for a Crutch

According to the Oxford Dictionary, the definition of "crutch" is a long stick with a crosspiece at the top, used as a support by a lame person.
From Bernama, Human Resources Minister Datuk Seri Dr Fong Chan Onn was "lambasted" recently for "neglecting" unemployed bumiputera graduates. Umno Youth Public Complaints Bureau chairman, Subahan Kamal said many graduates had "resorted" to driving taxis as they "could not find employment" in the private sector.

I see 2 weaknesses with Subahan's assertions.

One... is it really the HR ministry's fault that bumiputera graduates were unemployed?

I reckon Subahan and UMNO Youth are barking up the wrong tree. OK... bumi graduates are not being employed by the private sector. Why? Is it because the private sector doesn't want to OR because they can't? I can't help but think it's the latter.

Has UMNO Youth taken it's own Youth Chief, Hishammuddin Hussien (who is also Education Minister) to task... as to why his ministry's graduates are unemployable?

What kind of graduates are being produced? Are they graduates with marketable degrees like business and engineering, or do they hold degrees in humanities, arts, religion and ethnic studies? Are they IT savvy and proficient in computer applications? How are their communication skills? Can they speak well and apply themselves effectively in the workplace? How are their standards of English?

Without answering these supply side questions, how does Subahan jump to the conclusion that it is a demand side problem?

Two... look at the "solutions" that Subahan has proposed:
- the [HR] ministry had to assume responsibility for their plight
- enforce a 30 per cent quota for Bumiputeras at all levels in the private sector
The first removes the responsibility for their own career success from the bumiputra graduates themselves, and places it on a guarantor. Isn't this another crutch? And hasn't UMNO sworn to get rid of crutches? Which, btw, is the only thing that Tun M and Pak Lah agree on.

The second implies a guaranteed quota of employment based on race, which overrides any other consideration (business-need or even, simple fairplay). Look at the 30% bumi ownership and management involvement for listed companies, and the 100% bumi quota for govt contracts. How many genuinely successful individuals have those quotas produced?

In fact, doesn't the constant production unemployable bumi graduates point towards the utter failure of bumi quotas in the Malaysian education system? Will more quotas solve a problem created by the imposition of quotas in the first place?

The undeniable truth is that quotas don't work because they eliminate any motivation for working hard and improving ourselves. Quotas are simply counter-productive. They imprint on the subjects, those exact traits and habits that they were supposed to get rid of, in the first place.

And lastly, although I would have considered any response unnecessary... like how you don't waste time shouting back at barking dogs, Fong Chan Onn's response is here.

Bernama Editor-In-Chief (1) - PBA Holdings Bhd CEO (0)

Apparently the appointment of a non-Malay as the Editor-in-Chief of the Malaysian national news agency, Bernama, "showed that the government does not take into account race or religion of a person in the promotion of civil servants".

According to an article on Bernama, the non-Malay political leaders and captains of industry are falling over themselves to show their agreement.

I would caution against counting the chickens before they hatch.

Firstly, this is not an "additional" appointment. Actually, nothing has changed. To a layman like me, isn't the appointment of Yong Soo Heong as Bernama Editor-in-Chief simply an offset to the removal of Penang GLC, PBA Holdings Bhd (PBAHB) chief executive officer Datuk Liew Chook San?. Where is the big shift in sentiment that our non-Malay leaders are all so 'grateful' about?

Secondly, this is merely one out of thousands of top civil servant positions, all of which are paid for by the taxation of Malaysians of all races. So until I see more, many more examples of fairplay... forgive me if I don't gush with gratitude.

Appointment Of Non-Malay Editor-In-Chief Shows Race Not A Barrier
http://www.bernama.com/bernama/v3/news_lite.php?id=249276

KUALA LUMPUR, March 1 (Bernama) -- The appointment of a non-Malay as the Editor-in-Chief of the Malaysian national news agency, Bernama, showed that the government does not take into account race or religion of a person in the promotion of civil servants.

MCA president Datuk Seri Ong Ka Ting said the appointment of Yong Soo Heong as Bernama Editor-in-Chief was a good sign, reflecting that the government did not sideline a person in promotion because of his race or religion.

"For the first time in its long history, Bernama has appointed a Chinese as its Editor-in-Chief and this is good. It shows that race and religion would not in any way affect the promotion of non-Malays in the civil service.

"It shows that all civil servants are equal. If they are good, work hard and are efficient in performing their duties, nothing will stand in their way of obtaining a promotion," said Ong, who is also Housing and Local Government Minister.

On Tuesday, Bernama Chairman Datuk Mohd Annuar Zaini announced the promotion of Yong as the Editor-in-Chief, while Datuk Azman Ujang was named to the post of General Manager.

Yong, who holds a diploma in business journalism from the Centre for Foreign Journalists in Virginia, USA, joined Bernama as a cadet reporter in 1974. He was the agency's Economic Service editor from 2000 before his promotion to Bernama Economic Service executive editor on Aug 1, 2004.

MIC president Datuk Seri S. Samy Vellu in his reaction said the appointment of Yong revealed that non-Malays in the civil service also stood a chance in gaining promotions.

"The appointment shows that if you work hard you would be rewarded. There is no easy way of winning promotions in the civil service. If the person works and proves himself, then he would get promoted," said Samy Vellu, who is also the Works Minister.

He hoped that other government agencies would follow Bernama, by giving an opportunity for non-Malay staff to take-up important positions in their respective organisations.

Gerakan secretary general Datuk Chia Kwang Chye said the appointment of Yong and Azman heralded a new era for the agency and hoped that the team of two would take the agency to greater heights.

"It also shows that the government is sincere when it says that non-Malays would not be sidelined in promotion in the civil service.

"It would also be a lesson to other Chinese in the civil service that they too have a chance of getting promotions if they work hard and prove themselves," said Chia, who is also Deputy Information Minister.

The Federation of Chinese Associations of Malaysia honorary president Datuk Ng Teck Fong said that the Chinese community welcomed the appointment of Yong.

"This proves that the present government is more open.

"With the advent of globalisation, the government must be equal and fair to all races living in the country, especially in the civil service. We should focus on talent. The appointment also dispels talk that Malaysia practices a one race policy in the civil sector," he added.

President of the Federation of Chinese Guilds Malaysia Datuk Liew Poon Siak meanwhile said that the appointment was a good sign and a move in the right direction on the part of the government.

"It shows that the government can and will appoint other races, apart from Malays, to head a department or top management.

"We regard this as a boost to other Chinese civil servants, who have so far felt that they cannot reach top management level. It would also act as a catalyst for the other races in the civil service to work harder as they know their work would be rewarded," he added.

-- BERNAMA

Islamic hardliners chip away at Indonesia's secular traditions

Does anyone else see the parallels between Malaysia and Indonesia.., how both countries' secular constitutions are under threat from religious encroachment?

Read the article below taken from Malaysia-Today:

This small but determined group is trying to reshape it in the image of orthodox Middle Eastern countries
By Robin McDowell
http://malaysia-today.net/blog2006/newsncom.php?itemid=2820

JAKARTA, Indonesia (AP) -- Women are jailed for being on the street alone after dark in parts of Indonesia, long held up as a beacon of moderate Islam. Gamblers are caned as punishment, Christian schoolchildren are forced to wear headscarves and a proposed law would sentence thieves to amputation of the hands.

Though most people in the world's most populous Muslim nation practice a tolerant form of the faith, a small but determined group of conservatives are chipping away at the sprawling archipelago's secular traditions and trying to reshape it in the image of orthodox Middle Eastern countries.

And they are slowly gaining ground, in part, critics say, because President Susilo Bambang Yudhoyono, liberal Muslim leaders and society at large have stayed away from loud, public debate on the issue.

Aiding the conservatives is the high level of autonomy given to local and regional legislatures since ex-dictator Suharto's 32-year leadership came to an end in 1998 amid massive, pro-democracy street protests.

More than 50 legislative bodies -- from westernmost Sumatra island to Sulawesi further east -- have passed laws inspired by the Islamic legal code, or Sharia, to regulate moral behavior.

On a federal level, hard-liners are pushing an anti-pornography bill that calls for prison terms of up to five years for kissing in public and one year for exposure of a woman's "sensual" body parts, though few expect it to pass in its present form.

"I call it creeping Sharia-ization of our society," said Syafi'i Anwar, executive director of the Jakarta-based International Center for Islam and Pluralism, noting that because Muslim groups have done poorly in national elections they are pushing their will through the "back door."

Many people remain silent for fear of being labeled unIslamic, analysts note. Others share concerns of conservatives about moral decay -- pointing to girls in miniskirts, Playboy magazines hawked on street corners -- albeit in a toned down Indonesian version -- and offerings of alcohol on restaurant menus.

And the remainder do not care about the Islamic legislation or fail to see any danger from it.

"Many people think it's not worthwhile to go against this small, determined group," said Martin van Bruinessen, a longtime Indonesia watcher and the head of the Institute for the Study of Islam in the Modern World.

"They feel they are not directly affected by things taking place. When they discover they are, it may be too late."

Lilis Lindawati, a 36-year-old waitress, is among those who found out the hard way.

She was waiting for a bus at 8 p.m. in Tangerang, a city on the outskirts of the Indonesian capital, when public order officers hauled her in because she was alone on the street after dark, was not wearing a headscarf and had a tube of lipstick in her purse.

The judge, who heard Lindawati's case at a public trial in the town square last March, said that was enough to prove the mother of two was a prostitute. He sentenced her to three nights in prison.

"Everything changed after that," said Lindawati, who insists she is not a sex worker. "My neighbors started avoiding me. My husband's friends stopped coming around. When word got out that I intended to file a suit against the city, I started getting threats.

"Eventually I quit my job and we moved here," she said, forcing back tears as she pointed to her family's sparse, one-room house outside the city.

Indonesia has more Muslims than any other in the world, with 90 percent of its 220 million population practicing the faith.

But Hindu, Buddhist and animist beliefs and traditions that held sway long before traders brought Islam to the archipelagic nation in the 14th century have dramatically shaped the country's outlook and some islands have large Christian populations.

Irfan Awwas, chairman of Majelis Mujahidin Indonesia, worries that the country is suffering from moral decay, and says Islamic-based laws, or anti-sinful behavior regulations as he calls them, are necessary.

"Look around you, existing criminal codes have done nothing," says Awwas, whose group is pushing to impose Sharia nationwide, a notion rejected since Indonesian independence in 1945.

He insists the Islamic laws do not violate the constitution or Indonesia's state ideology Pancasila, which promotes multiculturalism and religious harmony.

Some religious leaders say rising anger over U.S. foreign policy in the Middle East and the invasions of Iraq and Afghanistan, seen by many here as attacks on their faith, have added to the legitimacy of hard-liners.

Radicals also are seizing on growing Islamization of society since Suharto's downfall. The former strongman saw the religion as a threat to his rule and marginalized Muslim groups, treating them, as former prime minister M. Natsir famously said, "like a cat with ringworm."

"I'm glad that today we are allowed to fulfill our Muslims obligations," said 28-year-old bank employee Dewi Latifah, who started wearing a headscarf after Suharto's reign ended.

But critics say Yudhoyono, who became the country's first directly elected leader in 2004, should be doing more to counter the forces polarizing society. He has said little when Muslim mobs attacked sects deemed heretical to Islam or forced Christian churches to close, claiming they did not have permits.

Yudhoyono is afraid of being smeared as anti-Islamic by political opponents and "believes it is better to say nothing," said former President Abdurrahman Wahid, known for his commitment to pluralistic, democratic values."

Wahid -- and many legal experts -- say the Islamic-based laws are clearly illegal under Indonesia's constitution.

"Our constitution stresses that government involvement in morality and religious sides of community life should be ceased," he said, adding that it also says "men and women should enjoy the same freedoms."

In Aceh, the province on Sumatra island that was devastated by the 2004 tsunami, a newly proposed law calls for thieves to have their hands amputated, though few believe the measure will get through. And in the last year, gamblers and people caught consuming alcohol have been publicly flogged and women leaving their homes without covering their hair have been pulled over and fined.

In the nearby city of Padang all schoolchildren are obliged to wear Islamic dress -- even Christians.

Government security officers paroling the beach shined flashlights into the windows of parked cars earlier this month, lecturing one unmarried man who was trying to break up with his teary-eyed girlfriend in the front seat.

"This has all gone too far," said Yongky, a Chinese man drinking coffee in the town's bustling Chinatown, even though he has never been targeted. "It's just Christians, but many Muslims also feel uneasy."

The Bull Stops Here

If you've noticed my absence on the blog and internet forums during the past week, well... it was due to the mini stock market crash last week.

Like our dear PM, I was delirious with the unrelenting gains that virtually all the stock markets have been making since the latter half of last year.

At a very late stage, I went in for a long position. And after last week... I'm now stuck up shit creek without a paddle.

And for his Chinese New Year comment about the KLCI reaching 1,350 points "soon", our PM Abdullah Badawi is getting an earful from the opposition parties and bloggers as well. He has been accused of everything from lying, to misleading the public and financial mismanagement. DAP even says that he should be accountable for the losses on Bursa Malaysia during the past week.

I don't know about you, but I just find all that a little bit over the top. Seriously, the PM simply made the wrong punt. He guessed wrongly... but he didn't do anything wrong. Greater men have made worse mistakes. Columbus was a much bigger idiot when he beached his boat on the coasts of America. Firstly, he thought he discovered India (which is actually in the opposite direction from America - relative to Europe... you'd think a sea captain would know such things) and secondly, America had already been discovered by Cheng Ho (Zhang He) much earlier. But that doesn't stop 300 million Americans celebrating Columbus Day each year. Another goofball is George Dubya Bush who thought it'd be a good idea to liberate 'dem Ai-raqis. He's in his 2nd term as the most powerful man on earth.

So, what I find more distressing about the PM's 1,350pts statement is not the fact that it turned out wrong... very wrong (about RM80 billion worth of wrong, apparently). What's more worrying is the fact that he lacked the better judgement to refrain himself from blurting out a prediction like that, and risk the bull run turning his words into bullshit.

I agree with DAP here. A man in his position should have known better that Malaysians will take his 'prediction' as a tip, a CNY ang pow from the top man himself. Top it off with all the "Good News" spun on the mass media (the RM1 trillion trade, record FDI etc) - what did you expect the auntie-auntie and uncle-uncle to do, if not dive headfirst into the share market?

The PM of Malaysia doesn't have to be the smartest, richest or most educated man in the country. But he damn well needs to be the one with the best judgement.

Sony Playstation PS3: Launch and Gran Turismo HD sneak peek


Gran Turismo HD is a playable prototype. It is not an upgraded version of PS2's GT4 but a bonafide PS3 game. And as the following screen shots will show, it takes full advantage of the PS3's considerable additional computing and graphics power. GT-HD is currently the best indication of the coming full fledged instalment of Gran Turismo, for the PS3. And I have to say... it looks pretty darn good.

For the first time, there'll be bikes as well.

Look at the in-game screen below. This is what the actual gameplay is going to look like. Beautiful! Btw, do you recognise the 10,000rpm tachometer from the picture I took during the Singapore Motorshow 2006? Yup, it's from the Ferrari 599 GTB.

And yes, you've guessed it. For the first time ever, Ferrari's are going to be featured in Gran Turismo. I hope this paves the way for other exotics, like the Lamborghini and please, please the Bugatti Veyron as well.


And just look at the detail of the cars. You can actually see the radiator, the bulbs in the headlamps...

The intercooler, tyre thread on the Lancer Evo. I hope the finished version has the new Lancer.

The detail of the brake calipers, the cross drills...

And also for the first time, you get to see into the cabin. The interior is as authentic and painstakingly detailed as the exterior...

And the Gran Turismo series has the best (and I do mean the BEST!), most realistic driving physics of any driving simulation out there. Forget all the rubbish like Project Gotham Racing, Need For Speed, Ridge Racer and what not. Those are big on graphics (actually very good), but it's as if the programmers just drew what they liked to see, not what the cars authentically look like.

And the driving... it's only in GT that you can actually feel the Vtec power lump at 5000rpm (with the accompanying Vtec wail), the wall of torque as the turbo comes on song, actually sense that the car understeering, oversteering, being nose heavy or tail happy... no other game manages to do that... no other game gives you this level of realism and involvement. I don't know about you... but I can't wait to get my hands on this.