ORIENTAL BANK BUAT KAKITANGAN BANKRAP

LATAR BELAKANG PEMBERIAN ESOS.

Pemberian ESOS dibuat dengan tujuan kepentingan majikan dan tidak bertanggung jawab menggunakan kakitangan sebagai alat untuk menambah modal bank yang dilanda keadaan tidak mematuhi Nisbah Modal Berwajaran Risiko.
1. Executive Share Option Scheme Oriental Bank Berhad (ESOS) telah di agihkan kepada lebih kurang 1,300 kakitangan OBB dan Oriental Finance Berhad anak syarikat OBB, kononnya sebagai penghargaan kepada perkhidmatan dan kerjasama mereka sehingga memulihkan prestasi kumpulan OBB selepas kemunduran ekonomi (1986 – 1989) yang menyebabkan penurunan nilai modal saham OBB kepada 5 sen setiap satu. Pengurusan OBB telah menguruskan pembiayaan ESOS dengan BSN Commercial Bank dan kakitangan tidak perlu mengeluarkan satu sen pun. Wang yang dikeluarkan dari BSN Commercial Bank dibayar turus kepada OBB untuk disuntikkan sebagai modal. Kami bukan ‘pelabur’ dan tiada menerima sebarang balasan.
2. Pada ketika itu OBB juga sedang menghadapi risiko tidak mematuhi Nisbah Modal Berwajaran Risiko “Capital Adequacy Requirement Risk-Weighted Capital Ratio” arahan Bank Negara Malaysia pada 4 August 1989. (RWCR).

3. RWCR OBB pada 30 April 1997 adalah 9.01% tinggi daripada tahap 8% yang di tetapkan olih Bank Negara Malaysia untuk dipatuhi setiap hari. Pengurusan OBB telah membuat dua pinjaman berjangka surbodinat bernilai RM50 juta setiap satu daripada MIDF syarikat induk OBB, pada 31 oktober 1996 dan 31 Mach 1997 untuk menurunkan nisbah tersebut..

4. Pengurusan OBB telah mengelirukan atau menipu atau memperdayakan kakitangan untuk kepentingan mereka. Dan telah gagal dalam tugas penjagaan (duty of care) terhadap kakitangan.

5. Perkara ini jelas dan nyata seperti isi kandungan surat Datuk Ramly Ahmad Pengarah Eksekutif OBB kepada Dato’ Seri Anwar Ibrahim Menteri Kewangan Malaysia pada 23 Jun 1997.

6. Dalam pemberian ESOS tersebut kakitangan tidak perlu membayar apa apa bayaran; ini bermakna faedah bank akan terakru; hanya bayaran akan di buat selepas penyenaraian saham tersebut. Ini dibuktikan dengan surat dari OBB kepada BSN bertarikh 4 Febuari 1997 dan pengesahan olih BSN pada21 Mach 1997.

7. Kelemahan pihak pengurusan menyenaraikan OBB hingga 1997 dan dihalang olih kemelesetan ekonomi; OBB tidak disenaraikan. Untuk rekod, Bank Utama Malaysia Berhad memohon untuk disenaraikan kemudian dari OBB tetapi disenaraikan dengan sempurna.

8. Dalam tahun 2000 pengambungan(merger) diumumkan dan berbagai andaian dinyatakan tetapi yang pasti OBB di ambil olih Eon Bank Berhad dengan pinjaman lunak (soft loan) diberi olih BNM tanpa mempedulikan nasib kakitangan.

9. Ketika proses penggabungan Encik Mohammad Faiz Azmi, rakan kongsi kanan Price waterhouse Coopers ada menyatakan bahawa nasib kakitangan akan dibela olih Eon Bank.”..welfare of OBB staff will be taken care of after the merger exercise..propose to write off”

10. Tetapi kata-kata ini hanya menanam tebu dimulut. Sungguh pun Eon Bank sedar ketika due diligence exercise ESOS tiada harga; mereka masih menerima liability tersebut.

11. Eon Bank telah menukar ESOS kepada pinjaman olih kakitangan dan menentukan syarat syarat yang ditetapkan olih mereka sendiri.

12. Sebagai kakitangan saya tiada apa apa pilihan hanya untuk menerima padahnya.

13. Semua pehak memberi harapan untuk menyelesaikan hutang lapok ini tetapi yang tinggal hanya harapan.

14. SIAPA YANG BOLEH MENYELAMATKAN KAMI BANKRAP BERAMAI_RAMAI.

YB/MPK....WHATS THE FOCUS ON ?

Posted by: kb78
KUANTAN: Members of the Cabinet will hold its meeting in Kuantan early next month and efforts are in the pipeline to beautify the town.... The Star

Kuantan folks are very lucky to be visited by the Cabinet. " The Executive Power of the nation." Now is the time Kuantan needs to promote and reveal both the good and bad around Kuantan so as to obtain mileage for the promotion of Kuantan in every sectors from tourism, resort town, ikan bakar/ ikan kering to the flora /eco attractions, the sandy beaches etc. As well as getting all the improvement needs of this town which used to be the best resort town in Malaysia.

The Cabinet members should also be taken for a joy ride (..no outrider please!..) around Jalan Tg Lumpur/Jalan Teluk Sisek interchange at lunch hour..to enjoy the massive jam. Has MPK completed the checklist for making Kuantan ready for city status?
To the Cabinet members Kuantan wants your presence felt!!

NO PLASTIC BAG.

"PETALING JAYA: The ‘No Plastic Bag’ day was implemented in Selangor but many shoppers were caught unaware of the declaration made by the Selangor state government."

We have week ends to do shopping..its a nuisance to be caught not aware its Saturday when sundry items run dry and need replenishment. Alternative wrapping, bags should be made available instead of customers/rakyat being burden by choice...

What do we achieve in this exercise? I believe we have many other ways to participate in this clean /green environment campaign. Packaging of food, mineral water, containers etc are plastic products made from blow molding or injection molding. Find alternatives for them.

We cannot be cursing the government all the time.!!..

NATIONAL CULTURE BASIS OF UNITY

Recalling the values of life in this country way back in the 1950’s we were together Malays, Indians, Chinese and others. We were more united as all of us were worried about communist threats, the ‘domino theory’ and how to achieve Independence from the British.

I noticed my Malay aunt wearing sari as my uncle was working with the JKR Water reservoir at Lurah Bilut, Raub and majority of the workers were Indians. My late father was working in Pekan and in Pekan I noticed Chinese ladies wearing kebaya. Beautiful, neat and tidy and they also speak very fluently in the local Pekan Malay language. We have Haji Abdul Kuddus, a Pakistani running a bakery in Pekan Lama and supplies bread to all Pekan folks. Who can forget Ah Look the best ice-kacang stall with Sheikh selling cendol.

Walking around we meet friends of various races without even thinking of any differences. The sound of bicycle bell ringing passing by us are our friends irrespective of race. We do not have high fencing or brick wall fencing around our homes.

What make the changes in our backdrop….why are we getting sensitive. Do we need to remember 13th May incidence? Can’t ALL of us consider UNITY as a national agenda by ALL irrespective of party, race or religion? Politicians in particular should give serious focus on these values. We need to close the gap in the distribution of wealth. Top 10 or even top 20 rich lists in this country are lopsided. We need to consider all aspects; social, technical, economics, political wellbeing of the rakyat. “Rakyat Didahulukan” must be ALL Rakyat.

Can we have “Budaya Negara asas Perpaduan!“ Y.B. Dato' Seri Utama Dr. Rais Yatim and Y.B. Tan Sri Koh Tsu Koon over to you…

BARISAN NASIONAL RECOVERY

I was taken aback to learn that Malaysian Prime Minister Najib Razak came down with chickenpox during an Asian summit in Vietnam on 30th October 2010. He was also hospitalized on Thursday 4th November 2010 with superficial ulcers and mild gastritis. He has now recovered.

Happening at the same time were the by elections in Batu Sapi, Sabah and Galas, Kelantan.

A friend told me that getting chickenpox is once in a lifetime and once it heals we come out stronger.

Ironically, in Galas BN’s Abdul Aziz Yusoff won (5324 votes) and in Batu Sapi BN’s Datin Linda Tsen Thau Lin won (9,773 votes) with comfortable majority of 1,190 and 6,359 votes respectively. Span from Semenanjung north to Sabah South-east the nation acknowledged the recovery of Barisan National.

Many Malaysian have realized with concerned that better things happened if we work from within the government together with the vast majority than to reinvent the wheel. The earlier we come back to the fold and focus our sincere efforts in nation building the better it would be for our future generations.

BARISAN NASIONAL leaders must keep healthy and free from any infections.

LICENSE, DRIVING, ACCIDENT & DEATH

In June 1968 I sat for my driving test. I attended driving course with 'Alai Driving School' for 20 hours and paid RM60.00. The test car I was using was a Morris Mini-Minor a cute little car with two doors and a long floor gear lever. As a learner we were not allowed to use any signal light but only hand-signals.
Tests were in two parts. One was traffic rules and regulations ; this was an oral test where we were given certain situation and explain how do we behave in that given situation. As an example, you are at a junction ;who should move first. What signal do you show before you reach the junction, etc.
Having set for the oral test we were tested practical driving namely side parking and reverse L-shape parking. Six flag poles were use to create the L-shape parking lot. If we hit any of the flag post we will be disqualified and need to sit for another test on a different date. If we were able to do the reverse parking then we will be able to be tested on the road driving. Here the tester will request you to overtake on double line or park along no parking areas..etc..just to find out whether you respect traffic rules or you just blindly follow the tester's instructions. If you follow blindly; you will be disqualified and need to resit for the overall test again on a later date. You are also tested on how to drive on steep slope and at times ask you to stop midway and see how you balance the accelerator and the clutch pedal.This was indeed a test of respecting the traffic rules and regulations and hold high respect to the traffic rules. It was not easy to pass the driving tests those days.

"KEEP YOUR DISTANCE!"
In 1968 we were taught to drive with a certain distance between our vehicle and the other vehicle in-front of us. Being a disciple of British regime; we were using miles instead of kilometers and the speedometers were calibrated in MPH.

Alai said if we are traveling at the speed of 30mph we must keep a distance of at least 30 feet with the front vehicle. If we are driving with a speed of 60mph; we must have 60 feet clear distance with the front vehicles.

For the past 42 years of driving all over the country I have never hit any body's back side!
So to Y. Bhg Tan Sri Lee Lam Thye and Tan Sri Dato Sri Syed Hamid Albar my proposal is to "KEEP YOUR DISTANCE" as a rule to avoid accident.

BARISAN IN BATU SAPI

Sandakan was the State Capital of Sabah before the Capital moved to Jesselton; now known as Kota Kinabalu. It was also known as "Little Hong Kong" , Batu Sapi is the important development area for Sandakan. Along the route to the Palm Oil Industrial Cluster (POIC).This is also the industrial area of Sandakan. As it is exposed to the open Sulu Sea this constituency is expose to the landing zone for illegal Immigrants as well as smugglers.
The voters in Batu Sapi is aware of these factors and do need the representation that will ensure their safety and economic development in alignment with the Federal Government.
Let us wish Barisan Nasional a better showing and ensure a faster development of the residents as well as give benefit to the Orang Utan of Sepilok.