Dr M: Kuan Yew has no respect for religion
And Mahathir bin Mohamed (hidden "shameful" name: Iskandar Kutty) has a lot of respect for religion ... that's why his son is a board member of one of the biggest brewery in the world - San Miguel !
This is NOT A LIE. Read for yourself: -
Mahathir son elected to San Miguel board
by Jenniffer B. Austria
SAN Miguel Corp. has elected the eldest son of former Malaysian Prime Minister Mahathir Mohamad to the board, alongside former Trade Minister Roberto Ongpin and lawyer Alexander Poblador.
Mirzan Mahathir, Ongpin, and Poblador are among the incorporators of Q-Tech Alliance Holdings Inc., which earlier agreed to buy Japanese’ brewer Kirin Holdings Inc.’s 19.9-percent interest in San Miguel Corp. for an estimated P39 billion.
Q-Tech’s acquired Kirin’s stake in San Miguel after the Japanese firm bought 43.4 percent in San Miguel’s beer unit., San Miguel Brewery Inc., at a purchase price of P8.841 per a or P58.9 billion.
Sources said Ongpin, Mahathir and Poblador were not elected during San Miguel’s annual stockholders meeting in July because of the early deadline for the submission of nominees to the board.
The three aside, the other incorporators of Q-Tech are Petron president Eric Recto, Seumas James Dawes, a senior fund manager of UK-based Ashmore group, and QTel Al Sadd Holdings SPC from Bahrain.
Mahathir, who worked for IBM and Salomon Brothers, manages his investment in Malaysia and overseas.
His private company Peringkat Prestasi holds many of his investment, including a large stake in Lion Corp., a consumer goods manufacturer. But his main interest is Konsortium Perkapalan Bhd, a listed haulage and logistics company that controls almost half of Malaysia’s road freight market.
He is also chairman and chief executive of Crescent Capital Sdn. Bhd, a Malaysian investment holding and financial advisory firm that he founded.
A former investment banker in the United States and Hong Kong, Mahathir has an MBA from the University of Pennsylvania’s Wharton School of Finance.
Recto earlier said that Q-Tech had long-term plans to stay in San Miguel.
“We believe that the returns will come if we stay for the long term,” Recto said.
In an interview with Bloomberg TV, San Miguel president Ramon Ang said the company may spend as much as $2 billion on acquisitions as the country’s biggest food and drinks maker accelerates its transformation into a holding company with interests in industries such as energy and mining.
The maker of San Miguel Beer plans to invest “maybe up to $2 billion” in infrastructure projects and power plants, Ang said.
San Miguel has raised about P98 billion this year from the sale of brewery assets, boosting cash to $3.3 billion as it seeks to invest in industries including oil refining and telecommunications.
Its investments would have a return on equity that’s almost three times the 7 percent from food and beverages, Ang said in July.
“San Miguel is definitely in transformation,” said Astro del Castillo, managing director of Manila-based investment advisory firm First Grade Holdings Inc. “Management feels its old businesses have reached a ceiling and San Miguel is gobbling whatever ventures that come its way. After these, it will no longer be the food and drinks company we know.”
The company, which has been making beer since 1890, was also considering an acquisition of Dole Food Co.’s assets in the Philippines, Ang told Bloomberg TV. San Miguel in July said it was looking at Dole’s assets in Asia. Its cash grew to P159.6 billion as of June 30 from P118 billion at the end of the first quarter.
San Miguel has sold assets worth more than $5 billion since 2007, when it unloaded Del Monte Pacific, Australia’s National Foods, and Coca-Cola Bottlers Philippines Inc. The company made about $800 million from the sale of National Foods, which it held for two years.
San Miguel was “entertaining people who are interested in buying portions of our businesses,” Ang said. Talks with overseas investors on the sale of up to 49 percent of San Miguel Pure Foods may be completed within three months, he said in July. The canned meat and hotdogs maker has a market value of P11.3 billion.
San Miguel has also been in negotiations for the sale of 14 percent of its packaging operations. Nihon Yamamura Glass Co., which has said it isn’t involved in the talks, in 2007 paid $135 million for 35 percent of the businesses.
Ang said that San Miguel planned to borrow more as it sought new ventures. He had earlier this year said San Miguel might spend as much as $2 billion on a proposed water project.
The company the other day said it would pay P1.58 billion for a toll-road venture north of Manila. Last week it offered to pay the government $1.07 billion for a contract to buy and sell electricity from the state’s 1,000-megawatt Sual power plant. With Bloomberg
http://www.manilastandardtoday.com/insideNews.htm?f=2009/september/3/news3.isx&d=2009/september/3
This is NOT A LIE. Read for yourself: -
Mahathir son elected to San Miguel board
by Jenniffer B. Austria
SAN Miguel Corp. has elected the eldest son of former Malaysian Prime Minister Mahathir Mohamad to the board, alongside former Trade Minister Roberto Ongpin and lawyer Alexander Poblador.Mirzan Mahathir, Ongpin, and Poblador are among the incorporators of Q-Tech Alliance Holdings Inc., which earlier agreed to buy Japanese’ brewer Kirin Holdings Inc.’s 19.9-percent interest in San Miguel Corp. for an estimated P39 billion.
Q-Tech’s acquired Kirin’s stake in San Miguel after the Japanese firm bought 43.4 percent in San Miguel’s beer unit., San Miguel Brewery Inc., at a purchase price of P8.841 per a or P58.9 billion.
Sources said Ongpin, Mahathir and Poblador were not elected during San Miguel’s annual stockholders meeting in July because of the early deadline for the submission of nominees to the board.
The three aside, the other incorporators of Q-Tech are Petron president Eric Recto, Seumas James Dawes, a senior fund manager of UK-based Ashmore group, and QTel Al Sadd Holdings SPC from Bahrain.
Mahathir, who worked for IBM and Salomon Brothers, manages his investment in Malaysia and overseas.
His private company Peringkat Prestasi holds many of his investment, including a large stake in Lion Corp., a consumer goods manufacturer. But his main interest is Konsortium Perkapalan Bhd, a listed haulage and logistics company that controls almost half of Malaysia’s road freight market.
He is also chairman and chief executive of Crescent Capital Sdn. Bhd, a Malaysian investment holding and financial advisory firm that he founded.
A former investment banker in the United States and Hong Kong, Mahathir has an MBA from the University of Pennsylvania’s Wharton School of Finance.
Recto earlier said that Q-Tech had long-term plans to stay in San Miguel.
“We believe that the returns will come if we stay for the long term,” Recto said.
In an interview with Bloomberg TV, San Miguel president Ramon Ang said the company may spend as much as $2 billion on acquisitions as the country’s biggest food and drinks maker accelerates its transformation into a holding company with interests in industries such as energy and mining.
The maker of San Miguel Beer plans to invest “maybe up to $2 billion” in infrastructure projects and power plants, Ang said.
San Miguel has raised about P98 billion this year from the sale of brewery assets, boosting cash to $3.3 billion as it seeks to invest in industries including oil refining and telecommunications.
Its investments would have a return on equity that’s almost three times the 7 percent from food and beverages, Ang said in July.
“San Miguel is definitely in transformation,” said Astro del Castillo, managing director of Manila-based investment advisory firm First Grade Holdings Inc. “Management feels its old businesses have reached a ceiling and San Miguel is gobbling whatever ventures that come its way. After these, it will no longer be the food and drinks company we know.”
The company, which has been making beer since 1890, was also considering an acquisition of Dole Food Co.’s assets in the Philippines, Ang told Bloomberg TV. San Miguel in July said it was looking at Dole’s assets in Asia. Its cash grew to P159.6 billion as of June 30 from P118 billion at the end of the first quarter.
San Miguel has sold assets worth more than $5 billion since 2007, when it unloaded Del Monte Pacific, Australia’s National Foods, and Coca-Cola Bottlers Philippines Inc. The company made about $800 million from the sale of National Foods, which it held for two years.
San Miguel was “entertaining people who are interested in buying portions of our businesses,” Ang said. Talks with overseas investors on the sale of up to 49 percent of San Miguel Pure Foods may be completed within three months, he said in July. The canned meat and hotdogs maker has a market value of P11.3 billion.
San Miguel has also been in negotiations for the sale of 14 percent of its packaging operations. Nihon Yamamura Glass Co., which has said it isn’t involved in the talks, in 2007 paid $135 million for 35 percent of the businesses.
Ang said that San Miguel planned to borrow more as it sought new ventures. He had earlier this year said San Miguel might spend as much as $2 billion on a proposed water project.
The company the other day said it would pay P1.58 billion for a toll-road venture north of Manila. Last week it offered to pay the government $1.07 billion for a contract to buy and sell electricity from the state’s 1,000-megawatt Sual power plant. With Bloomberg
http://www.manilastandardtoday.com/insideNews.htm?f=2009/september/3/news3.isx&d=2009/september/3
Also, the 'religious' man is said to have stolen a scary $5 Trillions Ringgit from the poor ass from the street. Nice huh ?
~~~~~
January 30, 2011
Lee Kuan Yew: Integration ideals.KUALA LUMPUR, Jan 30 Tun Dr Mahathir Mohamed continued his attacks today against his political contemporary, Lee Kuan Yew, and accused him of disrespecting the religions and sensitivities of other races.
The former prime ministers harsh remarks in a Mingguan Malaysia interview was a response to what the Singapore Minister Mentor said in a recently released book, Kuan Yew: Hard Truths to Keep Singapore Going.Lee had urged Muslims in Singapore, who he said were socially distinct and separate, to be less strict on Islamic observances to aid integration and the city-states nation-building process.
"I am not surprised by his statement because to him (Lee) religion is not important. For him the end justifies the means, so if he wants racial integration in Singapore, he wont let Islam stand in the way of his goals. He has no respect for religion and the sensitivities of other people," Dr Mahathir said.In the interview with Mingguan Malaysia, the Umno-owned Utusan Malaysia weekend edition, Dr Mahathir rebuked Lee for suggesting that Islam was not a progressive religion, and that it stood in the way of the island nations developments."Islam in itself is progressive enough," Dr Mahathir said.The acerbic politician claimed that the Malays in Singapore were constantly under siege from the ruling government, and had no choice but to compromise their Islamic beliefs."The Malays over there are actually afraid of the government . . . for instance, if they are served with food that is haram (non-halal) they have to accept it. Our culture here is that if pork were served to us we would not eat it . . . but in Singapore there is a fatwa that if (pork)was served to Muslims, they cannot complain about and (they) have to accept it.
"This is because they are afraid under such a government rule," said Dr Mahathir, who likened the curren! t Singap ore administration to Russias rule of Muslims in the past, whereby many Muslims became "communists" out of fear of the Russian government.The former Umno president also appeared to blame Lee for Singapores separation from Malaysia.He claimed that Lee, back in 1964, had "broken" an unofficial agreement set out by the late Tunku Abdul Rahman, whereby Lees party (The Peoples Action Party) was supposed to limit its influence to only Singapore and not Peninsular Malaysia, or Sabah and Sarawak."But during the 1964 elections PAP tried to move here and give the impression that the Chinese were under threat by using slogans like Malaysian Malaysia, as though Malaysia only belonged to the Malays.
"This sentiment was propagated by Kuan Yew and Tunku saw this as something dangerous . . . which is why he decided to separate Singapore and give it its independence, said Dr Mahathir.The countrys fourth prime minister has been ramping up his attacks against Malaysias neighbouring country over recent weeks.Last week he suggested that Malaysia was a more democratic country than Singapore, and argued that the island republics disciplined image was at the expense of the freedom of its citizens.Dr Mahathir had said the reason why Malaysians were not as disciplined as Singaporeans was because Malaysia was more democratic and did not resort to extreme measures in governing the country.He has also insisted that Singaporean Malays were being marginalisedand denied their rights by the Singaporean government.
~~~~~
January 30, 2011
Lee Kuan Yew: Integration ideals.KUALA LUMPUR, Jan 30 Tun Dr Mahathir Mohamed continued his attacks today against his political contemporary, Lee Kuan Yew, and accused him of disrespecting the religions and sensitivities of other races.
The former prime ministers harsh remarks in a Mingguan Malaysia interview was a response to what the Singapore Minister Mentor said in a recently released book, Kuan Yew: Hard Truths to Keep Singapore Going.Lee had urged Muslims in Singapore, who he said were socially distinct and separate, to be less strict on Islamic observances to aid integration and the city-states nation-building process.
"I am not surprised by his statement because to him (Lee) religion is not important. For him the end justifies the means, so if he wants racial integration in Singapore, he wont let Islam stand in the way of his goals. He has no respect for religion and the sensitivities of other people," Dr Mahathir said.In the interview with Mingguan Malaysia, the Umno-owned Utusan Malaysia weekend edition, Dr Mahathir rebuked Lee for suggesting that Islam was not a progressive religion, and that it stood in the way of the island nations developments."Islam in itself is progressive enough," Dr Mahathir said.The acerbic politician claimed that the Malays in Singapore were constantly under siege from the ruling government, and had no choice but to compromise their Islamic beliefs."The Malays over there are actually afraid of the government . . . for instance, if they are served with food that is haram (non-halal) they have to accept it. Our culture here is that if pork were served to us we would not eat it . . . but in Singapore there is a fatwa that if (pork)was served to Muslims, they cannot complain about and (they) have to accept it.
"This is because they are afraid under such a government rule," said Dr Mahathir, who likened the curren! t Singap ore administration to Russias rule of Muslims in the past, whereby many Muslims became "communists" out of fear of the Russian government.The former Umno president also appeared to blame Lee for Singapores separation from Malaysia.He claimed that Lee, back in 1964, had "broken" an unofficial agreement set out by the late Tunku Abdul Rahman, whereby Lees party (The Peoples Action Party) was supposed to limit its influence to only Singapore and not Peninsular Malaysia, or Sabah and Sarawak."But during the 1964 elections PAP tried to move here and give the impression that the Chinese were under threat by using slogans like Malaysian Malaysia, as though Malaysia only belonged to the Malays.
"This sentiment was propagated by Kuan Yew and Tunku saw this as something dangerous . . . which is why he decided to separate Singapore and give it its independence, said Dr Mahathir.The countrys fourth prime minister has been ramping up his attacks against Malaysias neighbouring country over recent weeks.Last week he suggested that Malaysia was a more democratic country than Singapore, and argued that the island republics disciplined image was at the expense of the freedom of its citizens.Dr Mahathir had said the reason why Malaysians were not as disciplined as Singaporeans was because Malaysia was more democratic and did not resort to extreme measures in governing the country.He has also insisted that Singaporean Malays were being marginalisedand denied their rights by the Singaporean government.
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