Skip to main content
MAS Headhunting Factoids

Idris Jala is now in a very hot seat. If you succeed, you will be a superstar. If you don't... well, maybe you get shunted to a state investing arm or public utilities board - gee, the stakes are high indeed. Amidst all the hoopla with the billion ringgit losses, and billion ringgit needed to resuscitate MAS. A few factoids are lost in all the media mangled news:

1) Jala keeps saying that the recovery plan should not be a big problem. If the entire business turnaround plan is not a big problem, why doesn't MAS try and raise the RM3 billion from the capital markets. Let's see if there are any takers, let's see what interest rate they will set (it will be worse than junk-status). Again, Khazanah (or EPF)... lender of last resort??

2) The best performing airline, also in terms of profitability is Singapore Airlines.

3) The best SIA CEO over the past 20 years is a guy named Dr Cheong Choon Kong. Now a director of Singapore Press Holdings since 1 March 1997. He is also the Chairman of Oversea- Chinese Banking Corporation Ltd, Great Eastern Holdings Ltd, The Great Eastern Life AssuranceCo Ltd, United Eagle Airlines Co Ltd and the Overseas Assurance Corporation Ltd.

He was previously the Deputy Chairman and Chief Executive Officer of Singapore Airlines Ltd. He holds a Bachelor of Science with First Class Honours in Mathematics from the University of Adelaide, a Master of Science and a PhD in Mathematics from the Australian National University in Canberra. He was Associate Professor and Head of the Mathematics Department at the University of Malaya before joining Singapore Airlines in 1974. Dr Cheong was named outstanding Chief Executive in 1996 and Fortune magazine’s 1998 Asia’s Businessman of the Year. His stewardship and leadership at SIA was exemplary (albeit his handling of the 2002/2003 wage cuts/ pilots dispute / SAR effect could have been better). Dr Cheong has been quite "available" for any chief executive role for the past 2-3 years. ... and you guessed correctly, Dr Cheong is an ex-Malaysian.


Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.

My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.

I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.

My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.

Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:

p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far

I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…