Putrajaya considers the Islamic State of Iraq and Syria (Isis) to be a terrorist organisation and does not condone any of its activities, said Wisma Putra, adding that police have been weeding out members of the group as well as sympathisers.
“It has been revealed that some Malaysians have been influenced to support Isis, joining this group of extremists to wage jihad,” Wisma Putra said in a statement released yesterday.
“Since the beginning of the year, authorities have conducted operations to arrest Malaysians or foreigners living here who have been involved in alleged terrorism activities.”
Wisma Putra said that Isis had caused injuries and loss of lives to innocent civilians in Iraq, and as such, Putrajaya strongly condemned the group’s actions.
“Malaysia has called for the formation of a Global Movement of Moderates and continues to advocate moderation and tolerance.”
Between January and June this year, Malaysian police arrested 19 people including two women for involvement in militant activities.
Police also revealed that at least 50 Malaysians are currently believed to be in Syria, fighting alongside Isis forces.
Wisma Putra acknowledged police concerns about the possible threats posed by Malaysian jihadists, saying Putrajaya was monitoring such activities.
“Putrajaya has always been on the alert concerning activities and threats which could be detrimental to internal security and public order.”
Prime Minister Datuk Seri Najib Razak had previously said Umno members should emulate Isis as their spirit of defying vastly superior odds was admirable.
Isis fighters had initially been outnumbered by Iraqi forces during their conflict but still managed to emerge triumphant.
Wisma Putra’s statement yesterday was in response to an article published by news portal Malaysiakini entitled “Minister, who really is Isis?” on August 19.
Wisma Putra also denied that Malaysia had paid any form of monetary compensation to Ukrainian separatists in return for the flight recorders of Malaysia Airlines flight MH17.
“No monetary exchange had transpired for the release of MH17 flight recorders. It is important the public be made aware of this clarification.”
While Malaysia does not believe in negotiating with terrorists or condoning such activities, the case of flight MH17 was a unique event.
“Malaysia had no other option but to engage in negotiations with all parties in the Ukraine,” Wisma Putra said, adding that extraordinary situations called for extraordinary measures.
“The engagement was done with the sole purpose of recovering the remains of passengers aboard flight MH17 and to recover the flight recorders,” Wisma Putra added. – August 25, 2014.
KUALA LUMPUR, Aug 24 — Chinese physics student Jimmy Wang had no interest in aviation until March 8, when Malaysia Airlines flight MH370 went missing with his 58-year-old father Wang Lijun aboard.
But Wang, 31, now spends evenings in central China combing through aviation blogs for Boeing 777 technical specs, exchanging what he finds with fellow MH370 next-of-kin.
He is one of hundreds of relatives who — desperate to learn the fate of their loved ones — are channeling their grief in a cross-border, social-media-enabled, but so far frustrating citizen campaign to solve aviation’s greatest mystery.
“Malaysia Airlines and others are not doing their jobs so we have to organise,” Wang, who abandoned graduate studies in Sweden to be with his grieving mother, said via Skype from his home in the city of Anyang.
“I cannot live the rest of my life in questions.”
Through Chinese micro-blogging site Weibo — 153 Chinese were aboard MH370 — a closed Facebook group, and Skype “meetings” of up to dozens of people, participants exchange findings, discuss the latest theories, and proposals for group action.
The group, calling itself Voice370 with some 300 members, receives and debates advice from aviation, legal and other experts, while similar groups formed after previous disasters such as the 2009 Air France crash offer support.
While some face-to-face meetings have been held, most exchanges are conducted via webcam or extensive email strings, with members voting on strategies for pushing Malaysia Airlines and governments involved in a still-fruitless search for more information.
In doing so, they juggle time zones and language barriers — “meetings” are held mainly in English, with bilingual Chinese translating for their countrymen.
Quite a community
“It’s really quite a community,” said Sarah Bajc, an American whose partner Philip Wood was on the flight.
“I feel compelled to do everything in my power to find Philip. We owe it to them.”
Flight MH370 disappeared with 239 people en route from Kuala Lumpur to Beijing.
No trace has been found despite an extensive, Australian-led search in the southern Indian Ocean.
Some next of kin have sharply accused the airline and Malaysian authorities of a bungled response — its military tracked MH370 on radar after it mysteriously diverted, but did nothing — and withholding data from the public.
Yet despite their efforts, families have seen only modest success.
In an open letter to authorities in Malaysia, Australia and China in May, a skeptical Voice370 demanded to see satellite and other data that Malaysia says indicates MH370 went down in the Indian Ocean.
The information was eventually released but shed little light on what happened.
In June, several families, including Bajc, launched a drive to raise US$5 million (RM15.8 million) for any whistle-blower with information on the jet’s fate. Only US$100,500 has been raised.
“You get tired, and part of you wants to put it behind and say ‘That’s where it all ends’, and part of you says, ‘You can’t rest until you figure things out,’” said K.S. Narendran, 50, a soft-spoken Indian business consultant, whose wife, Chandrika Sharma, was on MH370.
Families denied AFP’s request to sit in on meetings.
No stone unturned
The airline and Malaysian government deny charges of a cover-up and insist they will leave no stone unturned.
“We would like to assure the next of kin of MH370 that our commitment to the search for this flight has remained consistent and has strengthened,” Transport Minister Liow Tiong Lai said in an August 9 statement.
The government is yet to announce any findings of its investigations into MH370.
Its attention is now diverted by the July 17 downing of another Malaysia Airlines passenger jet, MH17, over war-torn eastern Ukraine, a tragedy that also ripped open emotional wounds for many MH370 next-of-kin.
Bajc said MH17 underlines the importance of Voice370, particularly the need to highlight “critical flaws” in global aviation and police “incompetent” airlines and authorities that endanger passengers.
But she and others admit resignation is setting in.
Bajc no longer joins the video meetings, as she and others look increasingly for other ways to pressure authorities, such as mulling possible lawsuits against the airline or Boeing to reveal more.
No significant lawsuits have been filed yet. Some families, however, say they are sifting through the complexities of where and how best to file a case in such an unprecedented disaster.
“It’s my father. I’m his only son. No matter what happened, we need to bring them back,” Wang said.
“I think if I don’t do this I will feel guilty.” — AFP
A 62-YEAR-OLD noodle stall helper at a hawker centre in Bukit Cina, Malacca, collapsed and died shortly after realising he had won the second prize in a lottery, reported China Press.
The daily said the man, known only as Yong, was on his break and was checking the draw result in the newspaper when he came across his good luck at about 6am on Thurs-day.
A patron who last spoke to Yong recalled that Yong showed him the ticket before picking up the newspaper to check.
Yong was said to have happily told him that he got second prize for the combination of 1234, adding that he initially wanted to bet for RM4 but later reduced it to RM1.
Yong was elated over his win and was heard exclaiming “Wow!” excitedly before he collapsed on the floor, much to the shock of the patrons nearby.
His employer, known only as Wong, immediately called an ambulance and tried to revive him.
KUALA LUMPUR, Aug 22 ― An Australian woman alleging that she had been sexually assaulted by a Malaysia Airlines steward on an intercontinental flight has gone public about her ordeal.
Known only as Laura, the 26-year-old alleged that the chief steward on Malaysia Airlines flight MH20 from Kuala Lumpur to Paris on August 4 had attacked her during which she had been paralysed by fear, according to a report on News.com.au.
“I couldn’t stop it, I just froze, I was just scared,” the news site quoted her as saying in a interview expected to be to be aired on Australian television this weekend.
“I keep saying ‘why didn’t I scream, why didn’t I shout, why didn’t I stop it? I’m a strong person because I can, I can do that, I know I can, but when I was in the moment I couldn’t. I felt so scared, so petrified,” she was further quoted as saying.
Laura was reported to have recorded an exchange mid-flight in which a woman is heard crying and saying: “I’m so scared, I just want to get off this plane … I don’t want to see you, go away, you give me the creeps, you dirty old man.”
In a statement last week, Malaysia Airlines confirmed the allegations had been made were made and that a member of staff had been detained by French police.
“We will naturally assist the French authorities as they conduct their investigation and would stress that the safety, comfort and well-being of our passengers is always our highest priority,” it said.
While the airline gave no other details about the member of staff arrested, the Australian news site said the chief steward is married with children remains in the custody of French police after “making admissions.”
The story comes at a time when the struggling airline is on its knees after successive years of losses and is now being taken over by the government.
The national carrier has also been in the spotlight for two tragedies this year.
In March, Malaysia Airlines flight MH370 from Kuala Lumpur to Beijing carrying 239 people on board disappeared from the skies in what is believed to be among the greatest mysteries of modern aviation. The jetliner remains missing and everyone on board is believed to be dead.
Mid-July, Malaysia Airlines flight MH17 from Amsterdam to Kuala Lumpur was shot down over Ukrainian airspace, killing all 283 people on board.-tmmOnline
A Seattle man suspected of multiple shootings has died Wednesday night, a hospital spokesman told the Associated Press.
Officers believe the man was responsible for a Wednesday morning killing spree that has now left five people dead: four from a Seattle cafe, and one at a downtown parking lot as part of a carjacking.
The Seattle Times identified the suspect as Ian Lee Stawicki, a 40-year-old Seattle resident. His brother, Andrew Stawicki, said, “It’s no surprise to me this happened. We could see this coming. Nothing good is going to come with that much anger inside of you.”
The gunman left a trail of victims: Two men died at the cafe. Two women and another man died later at hospitals. One of the men killed at the cafe was described as a performance artist who was known as the “godfather of Café Racer.” He and the other man killed at the cafe were members of a local band, God’s Favorite Beefcake.
Police went on a manhunt for the suspect after the spate of violence.
“[We] were searching an area in Southwest Seattle when a plainclothes detective saw who he believed to be the suspect,” Seattle Police Assistant Chief James Pugel said at a news conference. He said once the suspect saw officers surround him, the suspected gunman knelt down and shot himself in the head.
“We strongly believe this is the person who committed the homicides,” Pugel said. The man’s clothing and other items he had on him also matched what witnesses saw on a suspect who shot a woman and drove off in her SUV. “We feel confident that unfortunately these shootings are all connected,” Pugel said.
Earlier, police released a photo from inside the cafe, showing a man believed to be the suspect standing and holding what appears to be a handgun.
Before the shootings, someone reported that a man was making suicidal threats, according to the Seattle Post Intelligencer. Officers aren’t sure yet if it has any connection to the shootings.
Schools in the area were put on lockdown for most of the day as officers went door-to-door within a 10-block radius of the café searching for the suspect.
The Seattle PI notes that Seattle has seen an unusual spike in homicides, 15 through Friday, compared to 20 total in each of the previous two years.
Photo released from inside Cafe Racer before shooting. (Seattle Police Dept)
A great achievement!
ROME (Reuters) – Italian doctors have saved the life of a 16-month-old boy by implanting the world’s smallest artificial heart to keep the infant alive until a donor was found for a transplant.
The doctors at Rome’s Bambino Gesu hospital said the operation was carried out last month and made public this week. The baby, whose identity has not been disclosed, was kept alive for 13 days before the transplant and is now doing well.
The baby was suffering from dilated myocardiopathy, a heart muscle disease which normally causes stretched or enlarged fibers of the heart. The disease gradually makes the heart weaker, stopping its ability to pump blood effectively.
“This is a milestone,” surgeon Antonio Amodeo told Reuters television, adding that while the device was now used as bridge leading to a transplant, in the future it could be permanent.
Before the implant, the child also had a serious infection around a mechanical pump that had been fitted earlier to support the function of his natural heart.
From a surgical point of view, this was not really difficult. The only difficulty that we met is that the child was operated on several times before,” he said.
The tiny titanium pump weighs only 11 grams and can handle a blood flow of 1.5 liters a minute. An artificial heart for adults weighs 900 grams.
Amodeo said the baby had become family and his team wanted to do everything to help him.
“The patient was in our intensive care unit since one month of age. So he was a mascot for us, he was one of us,” the doctor said.
“Every day, every hour, for more than one year he was with us. So when we had a problem we couldn’t do anything more than our best,” he said.
Doctors said the device, invented by American Doctor Robert Jarvik, had been previously tested only on animals.
The hospital needed special permission from Jarvik and the Italian health ministry before going ahead with the procedure.
(Writing by Philip Pullella; Editing by Jon Hemming)
Just to share with you guys. After all, these are just friendship quotes.
“A friend is one who knows you and loves you just the same.” – by Elbert Hubbard
“A friend should be one in whose understanding and virtue we can equally confide, and whose opinion we can value at once for its justness and its sincerity.” – by Robert Hall
“A friend to all is a friend to none.” – by Aristotle
“A friendship can weather most things and thrive in thin soil; but it needs a little mulch of letters and phone calls and small, silly presents every so often – just to save it from drying out completely.” – by Pam Brown
“A friendship founded on business is better than a business founded on friendship.” – by John D. Rockefeller
“A hug is like a boomerang – you get it back right away.” – by Bil Keane
“A single rose can be my garden… a single friend, my world.” – by Leo Buscaglia
“A true friend never gets in your way unless you happen to be going down.” – by Arnold H. Glasow
“Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence.” – by George Washington
“But friendship is precious, not only in the shade, but in the sunshine of life, and thanks to a benevolent arrangement the greater part of life is sunshine.” – by Thomas Jefferson
“Don’t walk behind me; I may not lead. Don’t walk in front of me; I may not follow. Just walk beside me and be my friend.” – by Albert Camus
“Fear makes strangers of people who would be friends.” – by Shirley MacLaine
“Friends and good manners will carry you where money won’t go.” – by Margaret Walker
“Friends are born, not made.” – by Henry B. Adams
“Friendship and money: oil and water.” – Mario Puzo
“Friendship is a single soul dwelling in two bodies.” – Aristotle
“Friendship is held to be the severest test of character. It is easy, we think, to be loyal to a family and clan, whose blood is in your own veins.” – by Charles Alexander Eastman
Below is an interesting Q&A that I found on Islam Q&A website. I wanted to share with you guys.
Question: My wife insists that we must buy a big house with a garden and swimming pool. While I insist on living in a small house (3 bedrooms for example) without the extra luxuries such as a garden and swimming pool. What is the solution for this problem? I cannot force her to be ascetic. We must live together and I know that her wanting to live a luxurious life is not an enough justification for divorce, but I do not want to live just for the pleasure of this world. What shall I do? If I buy a big house as my wife wishes, will I be rewarded? Bearing to mind that I do not mind living in a small house; I do not need but a ceiling that conceals my family and me. Will I be considered of those who Allah says about them: “You received your good things in the life of the world, and you took your pleasure therein.
Answer: Praise be to Allaah.
The Muslim should not make this world his main concern, and poverty is not what the Prophet (peace and blessings of Allaah be upon him) feared for his ummah, rather he feared that the world would open up to them and they would compete in worldly gain, for that could lead to their doom and destruction.
It was narrated that ‘Amr ibn ‘Awf (may Allaah be pleased with him) said: The Prophet (peace and blessings of Allaah be upon him) said: “Allaah, it is not poverty that I fear for you, rather what I fear for you is that worldly riches may be given to you as they were given to those who came before you, and you will compete for them with one another as they competed with one another, and you will be destroyed as they were destroyed.”
Narrated by al-Bukhaari (2988) and Muslim (2961).
Al-Haafiz Ibn Hajar (may Allaah have mercy on him) said concerning the lessons learned from this hadeeth:
Competition in worldly gains may lead to destruction of religious commitment.
Fath al-Baari (6/263).
And he said:
Ibn Battaal said: This shows that the one to whom the delights of this world open up should beware of their bad consequences and the evil of their temptation, and he should not be at ease with its adornments or compete with others for them.
Fath al-Baari (11/245).
The one who is distracted from the Hereafter by worldly pursuits is a loser, for this world is but play and there is nothing lasting or perfect in it; the Hereafter is better and more lasting. Allaah has likened this world to the plants which grow and flourish, then they soon become straw scattered by the wind; there is nothing lasting for man in this world, hence he must make the Hereafter his goal.
Allaah says (interpretation of the meaning):
“Know that the life of this world is only play and amusement, pomp and mutual boasting among you, and rivalry in respect of wealth and children. (It is) as the likeness of vegetation after rain, thereof the growth is pleasing to the tiller; afterwards it dries up and you see it turning yellow; then it becomes straw. But in the Hereafter (there is) a severe torment (for the disbelievers ___evildoers), and (there is) forgiveness from Allaah and (His) Good Pleasure (for the believers __ good‑doers). And the life of this world is only a deceiving enjoyment”
“And put forward to them the example of the life of this world: it is like the water (rain) which We send down from the sky, and the vegetation of the earth mingles with it, and becomes fresh and green. But (later) it becomes dry and broken pieces, which the winds scatter. And Allaah is Able to do everything.
46. Wealth and children are the adornment of the life of this world. But the good righteous deeds that last, are better with your Lord for rewards and better in respect of hope”
[al-Kahf 18:45, 46]
One of the signs that people may be destroyed by their competing in worldly gains is their buying houses with riba-based loans. A person exposes himself to the wrath and anger of Allaah for the sake of competing with others in building a house and in decorating it and making it spacious, but they may be among those who used up all their good things in this world, because they did that which Allaah has forbidden for the sake of pleasure and enjoyment. As for the one who builds or buys a house with halaal wealth and enjoys it, he is not included among these people.
Hence we know that there is no reward in building a house per se, otherwise the rich who build palaces for millions would occupy the highest degrees of Paradise! The dinar that a Muslim spends on building his house will not be reciprocated in the Hereafter. A man may be free of sin, and if he is rewarded it will be only for his intention in protecting his family and household from indignity, and sheltering them in a house that protects their dignity and honour. But there is no reward merely for building a house, and he may be exposed to sin and punishment if he is extravagant and his aim is to show off and boast.
The scholars of the Standing Committee quoted a number of ahaadeeth which criticize building, after which they said:
With regard to these ahaadeeth and other similar reports, some of them are saheeh, some are hasan and some are not sound. Those of them which are regarded as sound are to be understood as criticizing the one who does that to show off and as an act of extravagance. This varies from one situation, person, place and time to another. It is proven in Saheeh Muslim in the hadeeth of ‘Umar ibn al-Khattaab (may Allaah have mercy on him) that the Prophet (peace and blessings of Allaah be upon him) said, when Jibreel asked him about the signs of the Hour: “When you see the barefoot, naked, destitute shepherds competing in the construction of lofty buildings.” Ibn Rajab said, commenting on this hadeeth: What is meant is that the lowest of the people will become their leaders, and their wealth will increase, until they compete in building tall buildings, and adorning them. Al-Nawawi mentioned the same meaning in Sharh Saheeh Muslim, where he discussed this hadeeth.
With regard to making a building tall for a legitimate purpose, such as to provide facilities and accommodation for the needy, or as a means of earning money, or because one has a lot of dependents and the like, there is nothing wrong with that as far as we can see, because things are to be judged by their purpose. The Prophet (peace and blessings of Allaah be upon him) said: “Actions are but by intention, and every man will have but that which he intended.” This hadeeth was narrated by al-Bukhaari and Muslim in their Saheehs from ‘Umar (may Allaah be pleased with him).
Shaykh ‘Abd al-Razzaaq ‘Afeefi, Shaykh ‘Abd-Allaah ibn Ghadyaan, Shaykh ‘Abd-Allaah ibn Munay’
Fataawa al-Lajnah al-Daa’imah (4/490).
Shaykh Muhammad ibn Saalih al-‘Uthaymeen (may Allaah have mercy on him) was asked:
We have been told that every deed of the son of Adam will be rewarded except building a house. Is this correct? If it is correct, what is the reason? Please mention the hadeeth in which it was narrated. May Allaah reward you with good.
Yes, this was narrated concerning a man who spent his money extravagantly on mud, i.e., in building that which he had no need for. As for building that which a person needs, it is one of the necessities of life, and if a person spends on himself for the necessities of life, he will be rewarded for that if he spends it seeking thereby the Countenance of Allaah, may He be glorified and exalted. But showing off and competing in constructing tall buildings is something in which there is nothing good, rather it is nothing but a waste of money. As for that which a person builds because he needs it, he will be rewarded for that, if he seeks thereby the Countenance of Allaah, because the Prophet (peace and blessings of Allaah be upon him) said to Sa’d ibn Abi Waqqaas: “Know that you will never spend anything seeking thereby the Countenance of Allaah, but you will be rewarded for it, even (the food) that you put in your wife’s mouth.”
Al-Liqa’ al-Shahri (15/question no. 6).
See also the ahaadeeth and comments of the scholars concerning this issue in the answer to question no. 21658.
Hence you may know the ruling on building the house that your wife wants you to buy for them, and we will sum that up for you in the following points:
1. It is not permissible to buy a house with money from haraam sources such as riba-based loans or wealth that was unlawfully seized.
2. There is no reward for simply building a house, but if the owner intends to shelter his family and protect them from heat and cold, he will be rewarded for his intention, not just for the house itself.
3. It is not permissible for a Muslim to build or buy a house with the intention of boasting and showing off, and if he does that then he is sinning.
4. There is no reason why the house should not have a pool or garden, but that is subject to the condition that it should not be extravagance or going to extremes with regard to the size and price of the house. A spacious house is a joy to its owner.
It was narrated that Sa’d ibn Abi Waqqaas said: The Messenger of Allaah (peace and blessings of Allaah be upon him) said: “There are four things that are essential for happiness: a righteous wife, a spacious home, a good neighbour and a sound means of transportation. And there are four things that make one miserable: a bad neighbour, a bad wife, a small house and a bad means of transportation.”
Narrated by Ibn Hibbaan in his Saheeh (1232) and classed as saheeh by al-Albaani in al-Silsilah al-Saheehah (282) and Saheeh al-Targheeb (1914).
Al-Manaawi (may Allaah have mercy on him) said:
“a spacious home” means: it is very comfortable for its inhabitants, in which case its spaciousness varies from one person to another, because what is spacious for one may be small for another, and vice versa.
Fayd al-Qadeer (3/302).
5. Determining whether or not the costs of building or purchasing count as extravagance depends on the person’s situation. If a man’s wealth is 100 million riyals, for example, then it is not regarded as extravagance – let alone squandering – if he builds or buys a house for 2 million riyals. But if a man’s wealth comes only from his salary that he takes every month, then it is regarded as extravagance if he oversteps the limit in building or buying a house.
The one who is extravagant with regard to houses is the one who goes beyond the usual limit, and adds extra floors or rooms unnecessarily. The one who squanders is the one who builds unnecessarily or spends his money carelessly on construction.
Shaykh Muhammad ibn Saalih al-‘Uthaymeen (may Allaah have mercy on him) was asked:
A man bought a house for two million riyals, then he furnished it for six hundred thousand. After that he bought a car for three hundred thousand riyals. Is this man regarded as extravagant and a squanderer? What is the ruling on buying expensive items for decorating houses? Please advise us, may Allaah reward you with good.
Extravagance is that which oversteps the limit. Allaah, may He be exalted, has stated in His Book that He does not love the extravagant. If we say that extravagance is overstepping the limit, then extravagance varies. A thing may be extravagance in the case of one person, but not in the case of another. This man who bought a house for two million riyals, and furnished it for six hundred thousand, and bought a car – if he is rich then it is not extravagance, because this is easy for those who are very rich. But if he is not rich, then he is regarded as extravagant, whether he is of moderate means or he is poor, because some poor people want to look good, so they buy these huge mansions and furnish them lavishly, and they may borrow money from people for that, and this is wrong.
So the three categories of people are:
(i) a rich man who is very well off, so we say that if he – at present times, but we do not say that it applies in all times – buys a house for two million riyals, and furnishes it for six hundred thousand, and buys a car, then he is not being extravagant.
(ii) A man of moderate means; in his case it is regarded as extravagance.
(iii) A poor man. In his case it is regarded as foolishness, because how can he take out a loan to make himself look good with something that he has no need of?!
Liqaa’aat al-Baab al-Maftooh (107/question no. 4)
And Allaah knows best.
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Sharing with you a very nice article on how to become very rich in Malaysia. It’s true though. It was written by P. Gunasegaram.
If you have ever wondered how to get rich in Malaysia – fabulously rich and very quickly at that – here’s a model that you might want to look at very closely. Not easy to do but if you do have a couple of projects in the bag, it will set you up for several lifetimes.
First you need connections – strong ones, the higher the better and if it goes right up to the top all the better. You need this because you need to convince the powers that be that your projects are good.
But you might ask if your projects are so good, why do you need connections? Why don’t you just go out and execute? Good questions, those. Here’s the answer – you need the state to give you something to do the deal that will help the nation.
Still can’t figure it out? See, it’s like this. You want to help the country, right? The country needs say a port. But you can’t build a port just like that. You need land to build a port. You tell the state or federal government you need land – cheap land, preferably free to build the port.
Or to take another example, you want to help the country by building a power plant. But look, you need land too and not only that you need the power to be sold. So you want an agreement – an iron-clad one to sell the power to Tenaga Nasional and to pass through all costs.
You see, that’s your reward as an entrepreneur – you get someone else to build the power plant, they guarantee the performance of the plant and someone else guarantees to buy your power and pay for all your costs. Nice deal? You bet. Billionaires have been made that way.
Or you may want to start an air hub. If you are persuasive enough, you can even convince the government to compulsorily acquire the land and sell it to you cheap. Once you have cheap land, lucrative contracts and concession agreements, the sky’s the limit.
Let’s take it a step further. If you want to realise the value of all of these things that you have and still keep control of them, it’s nice to have a listed company into which you can inject them. Inject one asset for shares and you gain control of the company.
And then inject others over the years for cash, taking the money out of the company. Who says you can’t have your cake and eat it too?
Do it right and get a flow of assets to inject in (you can do anything with discounted cash flow valuations – just change the discount rate, and presto, the value changes!), and you get a tidy flow of profits and cash into your personal accounts over the years. I mean a really tidy flow.
Just how much can you make this way, you ask? Why don’t you take a guess first? Did you say RM500mil? Guess again. RM1bil? How about five times that and you may be getting into the right order of magnitude.
One Tan Sri Syed Mokhtar Albukhary actually made some RM4.5bil that way – actually more because he still controls the listed company. (MMC’s latest RM1.7bil deal irks investors7) We are not saying he is the only one, which makes your chances of joining the ranks better – if you are connected to high places that is.
But then again, if things change – and that’s still a big ‘if’ – you might not find it so easy anymore.