As you may be aware, Tricubes Bhd has been selected for the RM50m “1Malaysia email” service. But who owns Tricubes?
Let’s take a look at their Annual Report for 2010:
Major shareholders of Tricubes Berhad
As you can see, apart from CEO Khairul Zainal Mokhtar’s 31 per cent stake, Commerce Technology Ventures Sdn Bhd (CTV) owns 16 per cent of Tricubes. Who owns CTV? According to the official portal of the Malaysian Science and Technology Information Centre (Mastic), CTV is a “partnership of Bank Negara Malaysia and the Commerce Group in promoting and developing technology financing in Malaysia”.
And “CTV is managed by CAV Private Equity Management Sdn Bhd, a member of the Commerce Asset-Holding Bhd group of companies.”
So who actually owns CTV? CIMB Group Holdings Bhd, as can be seen below in CIMB’s Annual Report for 2010.
Among the non-executive directors of Tricubes is Khairul’s father-in-law, former commissioner of police Zaman Khan.
Of interest is the ‘Emphasis of Matter’ in the external auditor’s report on Tricubes:
Without qualifying our opinion, we draw attention to Note 2 (b) of the notes to the financial statements. The Group incurred a net loss of RM3,346,752 and the Company recorded a net profit of RM653,582 for financial year ended 31 March 2010 and as of that date, the Group’s and the Company’s accumulated losses amounted to RM16,520,722 and RM4,938,227 respectively. These conditions indicate the existence of material uncertainties which may cast doubt on the Group and the Company’s ability to continue as a going concern. The ability of the Group and of the Company to continue as going concerns depends upon the securing of viable contracts and continued support of bankers, creditors and shareholders.
Hmm, how did they select a group that is clouded with “material uncertainties” that may cast doubt on its ability “to continue as a going concern”?
It is obvious the group, which has a paid up capital of just RM13.4m, is hoping to secure more government contracts. The Tricubes Chairman’s statement reads:
The Group expects to repeatedly close new orders from various banks, financial institutions and several government agencies in the next financial year for its T1030 and Sekure 3 products.
In addition, with the 10th Malaysia Plan coming into the picture, the Group is expected to enjoy a boost from greater government spending in the ICT sector. The Group’s prospective opportunities will remain generated from government agencies such as the Jabatan Pendaftaran Negara, Road Transport Department and Polis Diraja Malaysia (PDRM), and the Group is targeting to penetrate other agencies such as the Immigration Department of Malaysia and the Ministry of Education.
The biggest question many are asking is, why do Malaysians need a new email address when most who have internet access already have one or more email addresses? And especially when you consider that many in the rural areas don’t even have internet access and in some places, not even electricity supply, let alone computers…
It look as if the email service will be “powered by” Tricubes and Windows Live. See the myemail website.
Who will benefit most from this RM50m project? If it is privately funded, where will its revenue come from?
http://anilnetto.com/governance/accountability/tricubes-and-1malaysia-email/
Saturday, April 30, 2011
Government business — Sakmongkol AK47
April 28, 2011
Government business — Sakmongkol AK47
APRIL 28 — The PM announced a slew of projects. He said these are part of the great ETP. My first reaction is since when does the PM of Malaysia become the chief spokesman for corporate Malaysia? Whether private companies have their business plans announced by the PM or not, they will still expand their business. It's also disturbing to know that the PM is repeating some EPP that were already announced before.
So, if the business plans of private companies are all owned and belong to private companies, is it necessary to have them announced by the PM? The answer is no. Each year Shell, for example, has new investments. Each year their people in various departments submit capex expenditures and what not. They do that as a matter of fact and business-like without demanding they be announced with much fanfare. It carries them out unannounced thus far. Its shareholders will come to know of these business plans whether are announced or otherwise in official newsletters or published annual reports.
Even if the PM announces them, it doesn't add any substantial value other than placing the business plans in high-profile mode. The government doesn't have a hand in the business plans of private companies. It doesn't spend a single sen.
I am more interested if the government announces its plans over the spheres it controls directly. People are interested to know the future of the general price levels. They want to know whether government will do anything that will increase the price of RON 95 petrol. Very soon people will be making noises on the frequent increase in RON 97 petrol. It's as though, you keep RON 95 down by upping the price of RON 97. Then, the price of RON 95 is kept artificially low as a matter of expedience. Very soon doing so will be seen as market unfriendly.
Whereas the PM has been talking about market-friendly approaches. The NEM, for example, is said to be the NEP with market-friendly approaches. Well, in the case of managing the price of petroleum, this administration's approach is market unfriendly.
I am also puzzled as to why government departments want to pay Tricubes 50 sen per email. You mean to say, despite the millions of investments in IT infrastructure and training, the people manning the IT facilities in government departments cannot hook up to Gmail and Yahoo? Does it cost that much to send emails directly through Gmail and Yahoo?
This emergence of Tricubes and its business plan are very suspicious. Suddenly those trained in computer abilities in government departments appear to have lost their skills overnight. They now want to farm out the sending of emails to a company known as Tricubes. The public will be asking why?
Of course, its voluntary you say. But the government is paying on our behalf for a service that can be gotten free. This simply means creating an artificial business plan to justify spending public money. — sakmongkol.blogspot.com
* Sakmongkol AK47 is the nom de plume of Datuk Mohd Ariff Sabri Abdul Aziz. He was Pulau Manis assemblyman (2004-2008).
* This is the personal opinion of the writer or publication. The Malaysian Insider does not endorse the view unless specified.
http://www.themalaysianinsider.com/breakingviews/article/government-business-sakmongkol-ak47
Government business — Sakmongkol AK47
APRIL 28 — The PM announced a slew of projects. He said these are part of the great ETP. My first reaction is since when does the PM of Malaysia become the chief spokesman for corporate Malaysia? Whether private companies have their business plans announced by the PM or not, they will still expand their business. It's also disturbing to know that the PM is repeating some EPP that were already announced before.
So, if the business plans of private companies are all owned and belong to private companies, is it necessary to have them announced by the PM? The answer is no. Each year Shell, for example, has new investments. Each year their people in various departments submit capex expenditures and what not. They do that as a matter of fact and business-like without demanding they be announced with much fanfare. It carries them out unannounced thus far. Its shareholders will come to know of these business plans whether are announced or otherwise in official newsletters or published annual reports.
Even if the PM announces them, it doesn't add any substantial value other than placing the business plans in high-profile mode. The government doesn't have a hand in the business plans of private companies. It doesn't spend a single sen.
I am more interested if the government announces its plans over the spheres it controls directly. People are interested to know the future of the general price levels. They want to know whether government will do anything that will increase the price of RON 95 petrol. Very soon people will be making noises on the frequent increase in RON 97 petrol. It's as though, you keep RON 95 down by upping the price of RON 97. Then, the price of RON 95 is kept artificially low as a matter of expedience. Very soon doing so will be seen as market unfriendly.
Whereas the PM has been talking about market-friendly approaches. The NEM, for example, is said to be the NEP with market-friendly approaches. Well, in the case of managing the price of petroleum, this administration's approach is market unfriendly.
I am also puzzled as to why government departments want to pay Tricubes 50 sen per email. You mean to say, despite the millions of investments in IT infrastructure and training, the people manning the IT facilities in government departments cannot hook up to Gmail and Yahoo? Does it cost that much to send emails directly through Gmail and Yahoo?
This emergence of Tricubes and its business plan are very suspicious. Suddenly those trained in computer abilities in government departments appear to have lost their skills overnight. They now want to farm out the sending of emails to a company known as Tricubes. The public will be asking why?
Of course, its voluntary you say. But the government is paying on our behalf for a service that can be gotten free. This simply means creating an artificial business plan to justify spending public money. — sakmongkol.blogspot.com
* Sakmongkol AK47 is the nom de plume of Datuk Mohd Ariff Sabri Abdul Aziz. He was Pulau Manis assemblyman (2004-2008).
* This is the personal opinion of the writer or publication. The Malaysian Insider does not endorse the view unless specified.
http://www.themalaysianinsider.com/breakingviews/article/government-business-sakmongkol-ak47
1 Malaysia email users must sign up with USB device, NRD offices
UPDATED @ 05:21:16 PM 27-04-2011
By Yow Hong Chieh
April 26, 2011
Khairun is confident the company will raise addition funds through a rights issue. — Picture by Choo Choy May
KUALA LUMPUR, April 26 — Those signing up for the controversial 1 Malaysia email service will have to buy a USB biometric device sold by Tricubes Bhd or go to any National Registration Department (NRD) office to get their account activated, the company said today.
Tricubes chief executive Khairun Zainal Mokhtar said the USB device would also allow myemail.my users opt for the more secure end-to-end data encryption for an additional fee, which he described as "a fraction of the cost".
But he declined to provide the price of this value-added service and the USB biometric reader.
Basic account holders will still be able to send free emails that are encrypted with the commonly used Secure Sockets Layer (SSL) protocol during transport, Khairun Zainal added.
"Our default setting is a basic Secure Sockets Layer, which is quite secure," he told reporters here.
"Even with the friendly emails, and without the billing, everything is through SSL. Users can also send personal emails to their friends and it would be completely free."
Khairun Zainal said earlier that those who wish to send emails to myemail.my accounts will have to pay a maximum of 50 sen an email, adding that Tricubes aims to sign up 5.4 million users by year-end.
The 1 Malaysia email service is expected to be launched by July.
The Malaysian Insider understands that Tricubes is pinning its hopes on the Employees Provident Fund (EPF) and Internal Revenue Board (IRB) to sustain the service through pension and tax notifications.
Prime Minister Datuk Seri Najib Razak has said that the 1 Malaysia e-mail project will have a gross national income (GNI) impact of RM39 million up to 2015 and will allow direct and secure communications between Malaysian citizens and the government.
But critics say the government should focus on infrastructure project such as providing clean water or broadband across the country rather than working on a free email service which is already available through Hotmail, Yahoo! and Google Inc.
Detractors also question why loss-making Tricubes, at risk of being delisted after its weak financial standing triggered Bursa Malaysia Securities' Guidance Note 3 (GN3) in October last year, was tapped to spearhead the project.
Tricubes has said it is collaborating with Hotmail service owner Microsoft Corp for the project but provided no details.
http://www.themalaysianinsider.com/malaysia/article/1-malaysia-email-users-must-sign-up-with-usb-device-nrd-offices
By Yow Hong Chieh
April 26, 2011
Khairun is confident the company will raise addition funds through a rights issue. — Picture by Choo Choy May
KUALA LUMPUR, April 26 — Those signing up for the controversial 1 Malaysia email service will have to buy a USB biometric device sold by Tricubes Bhd or go to any National Registration Department (NRD) office to get their account activated, the company said today.
Tricubes chief executive Khairun Zainal Mokhtar said the USB device would also allow myemail.my users opt for the more secure end-to-end data encryption for an additional fee, which he described as "a fraction of the cost".
But he declined to provide the price of this value-added service and the USB biometric reader.
Basic account holders will still be able to send free emails that are encrypted with the commonly used Secure Sockets Layer (SSL) protocol during transport, Khairun Zainal added.
"Our default setting is a basic Secure Sockets Layer, which is quite secure," he told reporters here.
"Even with the friendly emails, and without the billing, everything is through SSL. Users can also send personal emails to their friends and it would be completely free."
Khairun Zainal said earlier that those who wish to send emails to myemail.my accounts will have to pay a maximum of 50 sen an email, adding that Tricubes aims to sign up 5.4 million users by year-end.
The 1 Malaysia email service is expected to be launched by July.
The Malaysian Insider understands that Tricubes is pinning its hopes on the Employees Provident Fund (EPF) and Internal Revenue Board (IRB) to sustain the service through pension and tax notifications.
Prime Minister Datuk Seri Najib Razak has said that the 1 Malaysia e-mail project will have a gross national income (GNI) impact of RM39 million up to 2015 and will allow direct and secure communications between Malaysian citizens and the government.
But critics say the government should focus on infrastructure project such as providing clean water or broadband across the country rather than working on a free email service which is already available through Hotmail, Yahoo! and Google Inc.
Detractors also question why loss-making Tricubes, at risk of being delisted after its weak financial standing triggered Bursa Malaysia Securities' Guidance Note 3 (GN3) in October last year, was tapped to spearhead the project.
Tricubes has said it is collaborating with Hotmail service owner Microsoft Corp for the project but provided no details.
http://www.themalaysianinsider.com/malaysia/article/1-malaysia-email-users-must-sign-up-with-usb-device-nrd-offices
No to 1 Malaysia email a/c
The Rakyat should take precautions before subscribing to any free 1Malaysia email address. Prevention is better than cure. The Rakyat has a variety of choices to subscribe to any kind of free email such as Yahoo, Gmail, Hotmail, whose service provider is much better (more reliable and dependable) than that of the 1Malaysia email.
1) The possibility of an email sent to be investigated or stolen by the administrator who may be controlled by the MCMC, if you have touched on any sensitive political issues. Your IP would be easily exposed. They will expose your identification and password, then log into your account directly.
2) If you are using the 1Malaysia email, you have entered the trap owned by the authorities, where freedom of expression through a simple email would be blocked. They will easily track your movements.
3) The 1Malaysia email is likely to carry malicious viruses or spyware which would enable them to easily attack and control your computer when you are surfing the internet. The mail provider is not clarified net security.
4) The UMNO or BN cyber trooper will distribute your email address to other BN cyber troopers. There may use your identity to attack the opposition party.
5) Messages or attachments will be stored in their server, to facilitate the MCMC or other authorities to investigate or blacklist your activity. Particularly your messages and attachments will be used as evidence in court. MCMC can easily imitate any mail user.
6) Any confidential or sensitive information is not given guarantee of leaking, hacking, spamming; moreover it is likely to be spread. Your personal identification is not their concern.
7) This is the opportunities for governments wasting tax payer’s money,
What is the use of an email account for every rakyat when many of the rakyat have no clean water and electricity let alone a computer which runs on electricity? It is better to spend the RM50 Million in providing clean water and electricity to the rakyat instead of another project to enrich the cronies.
Subscribig 1 Malaysia mail is seem like walk in tiger mouth, waiting time for his devouring. No such social activist will taking risk while sending mail by 1 Malaysia email. It is mostly endanger for blogger who against UMNO / BN. So please do not subscribe 1 Malaysia email for the security and safety concern.
http://www.malaysia-today.net/mtcolumns/letterssurat/39872-haramkan-email-1malaysia
1) The possibility of an email sent to be investigated or stolen by the administrator who may be controlled by the MCMC, if you have touched on any sensitive political issues. Your IP would be easily exposed. They will expose your identification and password, then log into your account directly.
2) If you are using the 1Malaysia email, you have entered the trap owned by the authorities, where freedom of expression through a simple email would be blocked. They will easily track your movements.
3) The 1Malaysia email is likely to carry malicious viruses or spyware which would enable them to easily attack and control your computer when you are surfing the internet. The mail provider is not clarified net security.
4) The UMNO or BN cyber trooper will distribute your email address to other BN cyber troopers. There may use your identity to attack the opposition party.
5) Messages or attachments will be stored in their server, to facilitate the MCMC or other authorities to investigate or blacklist your activity. Particularly your messages and attachments will be used as evidence in court. MCMC can easily imitate any mail user.
6) Any confidential or sensitive information is not given guarantee of leaking, hacking, spamming; moreover it is likely to be spread. Your personal identification is not their concern.
7) This is the opportunities for governments wasting tax payer’s money,
What is the use of an email account for every rakyat when many of the rakyat have no clean water and electricity let alone a computer which runs on electricity? It is better to spend the RM50 Million in providing clean water and electricity to the rakyat instead of another project to enrich the cronies.
Subscribig 1 Malaysia mail is seem like walk in tiger mouth, waiting time for his devouring. No such social activist will taking risk while sending mail by 1 Malaysia email. It is mostly endanger for blogger who against UMNO / BN. So please do not subscribe 1 Malaysia email for the security and safety concern.
http://www.malaysia-today.net/mtcolumns/letterssurat/39872-haramkan-email-1malaysia
Will Najib Stop 50sen Payment for 1Malaysia Email? Share3
The “1Malaysia Email” Entry-Point Project (EPP) has only become more intriguing with contradictory clarifications, exposing the continued malaise in the current administration system
The “1Malaysia email project” circus is continuing as Datuk Seri Najib Abdul Razak continues to maintain an elegant silence over the project despite the obvious complicity of various agencies under the Prime Minister’s Department and the Finance Ministry under his charge.
Despite Najib’s attempt to wash his hands off the project by claiming that the RM50 million project will not be funded with Government money, Pemandu officials as well as the project owner, Tricube Bhd’s CEO himself have admitted that Government agencies will be required to pay 50 sen per email sent to registered users. This will result in millions being spent by each government agency should they be sending just 1 email to the forecasted 15 million users.
What’s more, despite Najib’s denial that the project will be funded by the Government, Tricubes has disclosed that they have received seed capital of RM5.5 million for the project from Malaysia Venture Capital (MAVCAP), a fund wholly owned by the Ministry of Finance.
To add further to the ludicrous confusion, MAVCAP immediately made an indirect denial that the investment was meant for the 1Malaysia email project, but instead is for another subsidiary of Tricubes, Tam Tam Sdn Bhd which is involved in mobile salesforce automation products.
In a Twitter exchange with Khairy Jamaluddin, Umno Youth Chief who had earlier called the Pemandu officials “little Napoleons” for defying the Prime Minister’s clarification that the Government isn’t footing a single sen for the project, he insisted the officials are still to be blamed because they didn’t brief the Prime Minister properly - “obv they are to blame b/c didn’t brief PM properly”. (Apr 27 1.32pm)
Regardless of whether Khairy’s comment was made in jest or in all seriousness, now that we have established the fact that Government agencies will be unreasonably required to pay 50 sen for every email sent to a registered 1Malaysia email user, will Najib who is both the Prime Minister and Finance Minister issue or initiate the directive to stop all Government agencies from committing to such exhorbitant fees?
Instead, Najib must direct all government agencies interested in providing electronic communications for bills and statements, should require citizens to provide their own emails, whether Gmail, Yahoo!Mail, Hotmail or other email providers for such communication. By doing so, government agencies will be able to communicate with ordinary Malaysians by sending unlimited email at absolutely no cost! If banks and credit card companies can do it today, there’s absolutely no reason why Government agencies are unable to do the same.
The above circus over a “simple” RM50 1Malaysia email project, instead of showcasing a reformed Government machinery under the various initiatives like the GTP, ETP, EPP etc, has instead exposed the fact that all is not well within the Najib’s administration. The various government departments, whether due to sheer incompetence or vested interest, is the biggest hindrance to a successful implementation of Government “transformation” programmes. And if Najib continues to take a hands-off approach like he’s doing for the “1Malaysia email project”, then all the King’s horses and all the King’s men will not be able to will not be able to put Humpty Dumpty back together again.
http://tonypua.blogspot.com/2011/04/will-najib-stop-50sen-payment-for.html
The “1Malaysia email project” circus is continuing as Datuk Seri Najib Abdul Razak continues to maintain an elegant silence over the project despite the obvious complicity of various agencies under the Prime Minister’s Department and the Finance Ministry under his charge.
Despite Najib’s attempt to wash his hands off the project by claiming that the RM50 million project will not be funded with Government money, Pemandu officials as well as the project owner, Tricube Bhd’s CEO himself have admitted that Government agencies will be required to pay 50 sen per email sent to registered users. This will result in millions being spent by each government agency should they be sending just 1 email to the forecasted 15 million users.
What’s more, despite Najib’s denial that the project will be funded by the Government, Tricubes has disclosed that they have received seed capital of RM5.5 million for the project from Malaysia Venture Capital (MAVCAP), a fund wholly owned by the Ministry of Finance.
To add further to the ludicrous confusion, MAVCAP immediately made an indirect denial that the investment was meant for the 1Malaysia email project, but instead is for another subsidiary of Tricubes, Tam Tam Sdn Bhd which is involved in mobile salesforce automation products.
In a Twitter exchange with Khairy Jamaluddin, Umno Youth Chief who had earlier called the Pemandu officials “little Napoleons” for defying the Prime Minister’s clarification that the Government isn’t footing a single sen for the project, he insisted the officials are still to be blamed because they didn’t brief the Prime Minister properly - “obv they are to blame b/c didn’t brief PM properly”. (Apr 27 1.32pm)
Regardless of whether Khairy’s comment was made in jest or in all seriousness, now that we have established the fact that Government agencies will be unreasonably required to pay 50 sen for every email sent to a registered 1Malaysia email user, will Najib who is both the Prime Minister and Finance Minister issue or initiate the directive to stop all Government agencies from committing to such exhorbitant fees?
Instead, Najib must direct all government agencies interested in providing electronic communications for bills and statements, should require citizens to provide their own emails, whether Gmail, Yahoo!Mail, Hotmail or other email providers for such communication. By doing so, government agencies will be able to communicate with ordinary Malaysians by sending unlimited email at absolutely no cost! If banks and credit card companies can do it today, there’s absolutely no reason why Government agencies are unable to do the same.
The above circus over a “simple” RM50 1Malaysia email project, instead of showcasing a reformed Government machinery under the various initiatives like the GTP, ETP, EPP etc, has instead exposed the fact that all is not well within the Najib’s administration. The various government departments, whether due to sheer incompetence or vested interest, is the biggest hindrance to a successful implementation of Government “transformation” programmes. And if Najib continues to take a hands-off approach like he’s doing for the “1Malaysia email project”, then all the King’s horses and all the King’s men will not be able to will not be able to put Humpty Dumpty back together again.
http://tonypua.blogspot.com/2011/04/will-najib-stop-50sen-payment-for.html
Friday, April 22, 2011
1Malaysia Email: 1Malaysia boleh but Malaysians bodoh?
The tweet from the Prime Minister before he went to sleep last night:
NajibRazak Mohd Najib Tun Razak
Before I sleep , let me clarify that the 1Malaysia E Mail is a private sector project. No public money is involved n entirely voluntary.
13 hours ago
From his tweet we can justify and conclude that he is not qualify to be the Prime Minister of Malaysia. He does not know that in this world, particularly Malaysia, that nothing is free and he still thinks that Malaysians are fools.
Let us take his word for the time being and believe that the 1Malaysia Email is a private sector project. Now, if it is private why is 1Malaysia domain owned by the PM got to do with it? It is because the PM wanted to set up an email system within the 1Malaysia domain to be given free to the people. So this private entity is roped in to provide this service, entirely voluntarily at a cost of RM 50 million. It means the PM is telling the truth, not a single cent from the government purse.
This report just came in:
Tricubes has underlined key strategies to ensure commercial viability including advertising and future e-services transactions,” said CEO Khairun Zainal Mokhtar.
“Private testing is already under way as we prepare towards system readiness.”
The project will offer centralised e-government services such as online notifications and digital bill statements from government agencies.
Every Malaysian above the age of 18 will be entitled to an official email account to communicate with the government.
Look at it, the project is for the government but Tricubes claimed that its resources will come from commercial viability including advertising and future e-services transactions. Question is, what if they fail to generate enough resources to continue managing this email system after it had gone online? Is the government willing to shut it down or will bail them out?
"Believe it or not" We still got a private entity coughing out RM 50 Million to set up for the PM a 1Malaysia Email system for free not to mention that this entity is in trouble with Bursa Saham Malaysia and about to be de-listed.
My point of view is still that the PM may be misled by the people around him, saying that this is a private project and no cost involved but they did not tell him the whole story.
The setting up of this 1Malaysia Email system by the appointed entity is surely for free but when the whole system is completed he will then sell it to the government at a price which I presume is the RM 50 million. But the cost will not end there, they need to maintain the system at another price and later they will have to upgrade the system at another price and most likely it will balloon to at least RM 100 million.
So, Najib is not a qualified leader when he can be so easily misled that there are still good corporation (even though some may be in financial trouble ) willing to provide free service costing millions for the government and get nothing back in return. Malaysians are not that stupid to believe that any private entity that has dealings with the government will not get something back in return. And that something in the form of money indirectly belongs to the rakyat.
On another point, why do we need to set up the 1Malaysia Email to be given to the rakyat when firstly, there are already so many free email providers on the net, secondly, there are still many parts of the country without internet line and how are they going to access their free 1Malaysia Email, thirdly, there are also many parts of the country without electricity, how the hell are they going to connect online.
Again, I conclude that Najib is not a capable PM. He does things without any studies on the pros and cons, viability, any benefits for the rakyat other than to cronies and will not admit the mistakes that were made.
Just for example the mrt. They said works will start in July 2011 yet they are paying a consultant millions recently to study the concept, they have yet to figure out the actual costing and plans have yet to be approved. Imagine they can start work without a complete study, proper planning and costing.
1Malaysia Boleh but Malaysians Bodoh?
A Face Book page 1M Malaysians who don't want Najib's 1 Malaysia email was launched immediately to raise objection. At the time of writting this post,24 hours after it had launched, there are 24,586 likes. Go over to like the page if you object and read the comments and reasons for their objections.
Source :
http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=11036:1malaysia-email-1malaysia-boleh-but-malaysians-bodoh?&Itemid=2
- http://ousel.blogspot.com/2011/04/1malaysia-email-1malaysia-boleh-but.html
NajibRazak Mohd Najib Tun Razak
Before I sleep , let me clarify that the 1Malaysia E Mail is a private sector project. No public money is involved n entirely voluntary.
13 hours ago
From his tweet we can justify and conclude that he is not qualify to be the Prime Minister of Malaysia. He does not know that in this world, particularly Malaysia, that nothing is free and he still thinks that Malaysians are fools.
Let us take his word for the time being and believe that the 1Malaysia Email is a private sector project. Now, if it is private why is 1Malaysia domain owned by the PM got to do with it? It is because the PM wanted to set up an email system within the 1Malaysia domain to be given free to the people. So this private entity is roped in to provide this service, entirely voluntarily at a cost of RM 50 million. It means the PM is telling the truth, not a single cent from the government purse.
This report just came in:
Tricubes has underlined key strategies to ensure commercial viability including advertising and future e-services transactions,” said CEO Khairun Zainal Mokhtar.
“Private testing is already under way as we prepare towards system readiness.”
The project will offer centralised e-government services such as online notifications and digital bill statements from government agencies.
Every Malaysian above the age of 18 will be entitled to an official email account to communicate with the government.
Look at it, the project is for the government but Tricubes claimed that its resources will come from commercial viability including advertising and future e-services transactions. Question is, what if they fail to generate enough resources to continue managing this email system after it had gone online? Is the government willing to shut it down or will bail them out?
"Believe it or not" We still got a private entity coughing out RM 50 Million to set up for the PM a 1Malaysia Email system for free not to mention that this entity is in trouble with Bursa Saham Malaysia and about to be de-listed.
My point of view is still that the PM may be misled by the people around him, saying that this is a private project and no cost involved but they did not tell him the whole story.
The setting up of this 1Malaysia Email system by the appointed entity is surely for free but when the whole system is completed he will then sell it to the government at a price which I presume is the RM 50 million. But the cost will not end there, they need to maintain the system at another price and later they will have to upgrade the system at another price and most likely it will balloon to at least RM 100 million.
So, Najib is not a qualified leader when he can be so easily misled that there are still good corporation (even though some may be in financial trouble ) willing to provide free service costing millions for the government and get nothing back in return. Malaysians are not that stupid to believe that any private entity that has dealings with the government will not get something back in return. And that something in the form of money indirectly belongs to the rakyat.
On another point, why do we need to set up the 1Malaysia Email to be given to the rakyat when firstly, there are already so many free email providers on the net, secondly, there are still many parts of the country without internet line and how are they going to access their free 1Malaysia Email, thirdly, there are also many parts of the country without electricity, how the hell are they going to connect online.
Again, I conclude that Najib is not a capable PM. He does things without any studies on the pros and cons, viability, any benefits for the rakyat other than to cronies and will not admit the mistakes that were made.
Just for example the mrt. They said works will start in July 2011 yet they are paying a consultant millions recently to study the concept, they have yet to figure out the actual costing and plans have yet to be approved. Imagine they can start work without a complete study, proper planning and costing.
1Malaysia Boleh but Malaysians Bodoh?
A Face Book page 1M Malaysians who don't want Najib's 1 Malaysia email was launched immediately to raise objection. At the time of writting this post,24 hours after it had launched, there are 24,586 likes. Go over to like the page if you object and read the comments and reasons for their objections.
Source :
http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=11036:1malaysia-email-1malaysia-boleh-but-malaysians-bodoh?&Itemid=2
- http://ousel.blogspot.com/2011/04/1malaysia-email-1malaysia-boleh-but.html
Wednesday, April 20, 2011
1Malaysia email: Tricubes Berhad dimiliki secara tidak langsung adik Najib
Syarikat Tricubes Berhad yang diberikan kontrak 1Malaysia email bernilai RM50 juta kini berdepan dengan masalah kewangan, dan disenaraikan Bursa Malaysia sebagai status GN3. Seandainya syarikat ini gagal mengetengahkan program menstruktur semula kewangannya pada hujung Oktober 2011, maka ia mungkin berdepan dengan nasib untuk ditarik dari penyenaraian (delist).
Apa yang menarik, pemegang saham kedua terbesar Tricubes Berhad adalah Commerce Technology Ventures Sdn Bhd, iaitu Private Equity Fund yang ditubuhkan Bank Negara bersama Commerce Group (atau Bumiputra-Commerce Holdings Berhad Group).
Commerce Group atau Bumiputra-Commerce Holdings Berhad Group kini telah dinamakan sebagai CIMB Group, diterajui oleh adik Perdana Menteri Najib Razak, iaitu Nazir Razak (gambar kanan). Nazir Razak adalah Ketua Pegawai Eksekutif CIMB Group.
Semalam, Perdana Menteri mengumumkan bahawa kerajaan telah memberikan satu projek baru bernilai RM50 juta kepada Tricubes Bhd untuk mendirikan satu laman internet, dan setiap warga negara berumur 18 tahun ke atas akan dibuka satu akaun email - "1Malaysia email" untuk kegunaan rasmi; sementara mendirikan pusat perkhidmatan e-kerajaan, termasuk laman sosial, pembayaran hutang melalui internet dan sebagainya.
Namun demikian, menurut maklumat Bursa Malaysia, Tricubes telah disenaraikan sebagai status BN3 dan perlu mengetengahkan program penstrukturan kewangan, atau berdepan dengan nasib "delist".
Dalam satu kenyataan Tricubes pada 29 Oktober 2010, lantaran daripada kebimbangan oleh juruaudit terhadap laporan kewangan Tricubes sehingga 31 Mac 2010, ditambah pula shareholders' equity yang lebih rendah daripada 50% modal sehingga Jun 2010, maka ia telah melanggar peraturan penyenaraian, lantas dimasukkan ke adalam status GN3.
Selain itu, menurut laporan kewangan 2010 Tricubes, syarikat ini telah mengalami kerugian bersih sebanyak RM3.35 juta (RM3,346,752). Meskipun Tricubes memohon agar Bursa Malaysia mengecualikan dirinya daripada peraturan GN3, namun Bursa Malaysia enggan meluluskan permintaannya.
Menurut peraturan GN3 di Bursa Malaysia, Tricubes perlu mengemukakan satu rancangan penstrukturan semula kewangannya dalam tempoh 12 bulan, bermula 29 Oktober 2010 (tarikh dimasukkan ke status GN3). Malah, rancangan tersebut perlu diluluskan Bursa, malah dilantik penajanya dalam masa tiga bulan, dan menghabiskan program penstrukturan semula dalam masa enam bulan selepas diluluskan Bursa.
Jikalau Tricubes gagal mematuhi mana-mana peraturan, maka Bursa Malaysia boleh menghentikan sementara jual-beli saham syarikatnya, dan kemudian menarik penyenaraiannya (delist).
Menurut kenyataan terbaru Tricubes pada 1 April 2011, tiada perkembangan yang besar dalam rancangan penstrukturan semula kewangan syarikat tersebut. Menurut had tempoh, Tricubes harus menghantar laporan penstrukturan kewangannya sebelum 29 Oktober 2011, dan mendapat kelulusan daripada Bursa Malaysia - untuk mengelakkan dirinya daripada ditarik penyenaraiannya (delist).
Sebagaimana yang diketahui, Tricubes cuba membida 32.2% saham Pos Malaysia daripada Khazanah Nasional Berhad, tetapi gagal.
Pada saat-saat yang genting ini, Najib membawa cahaya harapan kepada penstrukturan semula kewangan Tricubes apabila mengumumkan pemberian projek 1Malaysia email bernilai RM50 juta kepadanya. Berikutan kontrak ini, Tricubes mungkin sempat untuk mengemukakan rancangan penstrukturan kewangannya sebelum hujung Oktober.
Apa yang dipertikaikan, PEMANDU yang mendakwa diri mengutamakan meritokrasi dan ketelusan itu, melantik sebuah syarikat yang berdepan dengan masalah kewangan untuk melaksanakan projek kerajaan ini.
Menurut maklumat rasmi, pemegang saham kedua terbesar Tricubes adalah Commerce Technology Ventures, ditubuhkan pada Julai 2000, dengan fungsi utamanya membekalkan modal untuk pembangunan teknologi. Sehingga hari ini, syarikat ini telah melabur di 22 buah syarikat, termasuk 10 buah syarikat telekomunikasi, enam syarikat advanced manufacturing, lima syarikat life science dan satu lain-lain.
Modal Commerce Technology Ventures dikendalikan CAV Private Equity Management Sdn Bhd, syarikat ini adalah salah satu syarikat di bawah CIMB Group. Menurut laporan kewangan Tricubes 2010, Commerce Technology Ventures merupakan pemegang saham kedua terbesar yang memegang 15.63% saham. Pemegang saham terbesar Tricubes adalah Khairun bin Zainal Mokhtar - selain memiliki 15.72% saham secara langsung, juga memiliki 14.17% saham melalui Ambank.
http://www.merdekareview.com/bm/news.php?n=11771
Apa yang menarik, pemegang saham kedua terbesar Tricubes Berhad adalah Commerce Technology Ventures Sdn Bhd, iaitu Private Equity Fund yang ditubuhkan Bank Negara bersama Commerce Group (atau Bumiputra-Commerce Holdings Berhad Group).
Commerce Group atau Bumiputra-Commerce Holdings Berhad Group kini telah dinamakan sebagai CIMB Group, diterajui oleh adik Perdana Menteri Najib Razak, iaitu Nazir Razak (gambar kanan). Nazir Razak adalah Ketua Pegawai Eksekutif CIMB Group.
Semalam, Perdana Menteri mengumumkan bahawa kerajaan telah memberikan satu projek baru bernilai RM50 juta kepada Tricubes Bhd untuk mendirikan satu laman internet, dan setiap warga negara berumur 18 tahun ke atas akan dibuka satu akaun email - "1Malaysia email" untuk kegunaan rasmi; sementara mendirikan pusat perkhidmatan e-kerajaan, termasuk laman sosial, pembayaran hutang melalui internet dan sebagainya.
Namun demikian, menurut maklumat Bursa Malaysia, Tricubes telah disenaraikan sebagai status BN3 dan perlu mengetengahkan program penstrukturan kewangan, atau berdepan dengan nasib "delist".
Dalam satu kenyataan Tricubes pada 29 Oktober 2010, lantaran daripada kebimbangan oleh juruaudit terhadap laporan kewangan Tricubes sehingga 31 Mac 2010, ditambah pula shareholders' equity yang lebih rendah daripada 50% modal sehingga Jun 2010, maka ia telah melanggar peraturan penyenaraian, lantas dimasukkan ke adalam status GN3.
Selain itu, menurut laporan kewangan 2010 Tricubes, syarikat ini telah mengalami kerugian bersih sebanyak RM3.35 juta (RM3,346,752). Meskipun Tricubes memohon agar Bursa Malaysia mengecualikan dirinya daripada peraturan GN3, namun Bursa Malaysia enggan meluluskan permintaannya.
Menurut peraturan GN3 di Bursa Malaysia, Tricubes perlu mengemukakan satu rancangan penstrukturan semula kewangannya dalam tempoh 12 bulan, bermula 29 Oktober 2010 (tarikh dimasukkan ke status GN3). Malah, rancangan tersebut perlu diluluskan Bursa, malah dilantik penajanya dalam masa tiga bulan, dan menghabiskan program penstrukturan semula dalam masa enam bulan selepas diluluskan Bursa.
Jikalau Tricubes gagal mematuhi mana-mana peraturan, maka Bursa Malaysia boleh menghentikan sementara jual-beli saham syarikatnya, dan kemudian menarik penyenaraiannya (delist).
Menurut kenyataan terbaru Tricubes pada 1 April 2011, tiada perkembangan yang besar dalam rancangan penstrukturan semula kewangan syarikat tersebut. Menurut had tempoh, Tricubes harus menghantar laporan penstrukturan kewangannya sebelum 29 Oktober 2011, dan mendapat kelulusan daripada Bursa Malaysia - untuk mengelakkan dirinya daripada ditarik penyenaraiannya (delist).
Sebagaimana yang diketahui, Tricubes cuba membida 32.2% saham Pos Malaysia daripada Khazanah Nasional Berhad, tetapi gagal.
Pada saat-saat yang genting ini, Najib membawa cahaya harapan kepada penstrukturan semula kewangan Tricubes apabila mengumumkan pemberian projek 1Malaysia email bernilai RM50 juta kepadanya. Berikutan kontrak ini, Tricubes mungkin sempat untuk mengemukakan rancangan penstrukturan kewangannya sebelum hujung Oktober.
Apa yang dipertikaikan, PEMANDU yang mendakwa diri mengutamakan meritokrasi dan ketelusan itu, melantik sebuah syarikat yang berdepan dengan masalah kewangan untuk melaksanakan projek kerajaan ini.
Menurut maklumat rasmi, pemegang saham kedua terbesar Tricubes adalah Commerce Technology Ventures, ditubuhkan pada Julai 2000, dengan fungsi utamanya membekalkan modal untuk pembangunan teknologi. Sehingga hari ini, syarikat ini telah melabur di 22 buah syarikat, termasuk 10 buah syarikat telekomunikasi, enam syarikat advanced manufacturing, lima syarikat life science dan satu lain-lain.
Modal Commerce Technology Ventures dikendalikan CAV Private Equity Management Sdn Bhd, syarikat ini adalah salah satu syarikat di bawah CIMB Group. Menurut laporan kewangan Tricubes 2010, Commerce Technology Ventures merupakan pemegang saham kedua terbesar yang memegang 15.63% saham. Pemegang saham terbesar Tricubes adalah Khairun bin Zainal Mokhtar - selain memiliki 15.72% saham secara langsung, juga memiliki 14.17% saham melalui Ambank.
http://www.merdekareview.com/bm/news.php?n=11771
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