March 15, 2012

No Maid, No Cry?


No more multi-tasking for Indonesian maids. That is now the order of the day.

Take it or leave it.

As they say, all good things must come to an end.

If those before you have hired Indonesia maids to do chores from A to Z, the new batch of maids will be trained in four household chores but will be employed to carry out only one task for their prospective bosses.


“If a maid is employed as a cook, she will only be tasked with chores related to cooking and will not be doing any other duties, such as baby-sitting or washing clothes,” said Indonesia’s Labour Placement Deve­lopment director-general Dr Reyna Usman.

The batch of 106 Indonesian maids are undergoing four skills training courses for 21 days that started yesterday.

They will be paid at least RM700 a month by their Malaysian employers.


This was concluded at the meeting of the Malaysia-Indonesian joint task force for the deployment, placement and protection of Indonesian maids at the Indonesian Manpower and Transmigration Ministry here yesterday.

Dr Reyna said the task force decided that the maids would be employed to do only one of the four household tasks for which they are being trained – as cooks, babysitters, caretakers of elderly people and housekeepers.


Dr Reyna said the deal concluded by the joint task force was expected to prevent recurrence of problems affecting maids and employers.

“If all this while, maids were not professional as they had to do all sort of duties, causing their employers to get angry, now their skills will be tailored to their jobs,” he added.

Indonesia will eventually send between 4,000 and 5,000 skilled maids a month to Malaysia, he said, adding most of them were currently being trained for specific skills in Surabaya, East Java and Bekasi, West Java.


He said in the initial stages, the maids would be trained by 12 of 176 Indonesian employment agencies while their placement with employers would be taken care of by five of 221 employment agencies in Malay­sia.

The deployment of maids from Indonesia was resumed after the Indonesian government withdrew its moratorium on sending maids to Malaysia on Dec 1 last year.

So sorry, prospective employers. No more abuse!

It is now time to shoulder your share of the household chores along with your well-paid maid.

The maid will now be a specialist and they know their rights.

For you,all other duties awaits you!


Welcome to Maidland,kakak!

Metronic Global-OSK Predicts a Re-rating


After the 4 sen mark, Metronic Global (Metronic) hibernated before going up 100% to 8 sen.

Then today, all hell break lose as the marauding buyers and speculators tossed up the price to 14.5 sen.

Volume is humongous. Much of it I belief is churning of stocks.

Today Bursa KL has just issued an Unusual Market Activity ("UMA") query.

No news is in sight.

Normally, after such a query, there will be posted a standard answer from the company denying any corporate developments.

This will somewhat quell the price upsurge and tamed buying hunger for sometime until the next rumour comes around.

Let us see whether at this price level of 14 sen, there will be some traction.

If not, day traders are going to sell it down to take profit by the end of the day.

Daim-He Believes So


Daim Zainuddin, who apparently was given credit for predicting the losses of BN in the last election, is now giving his prediction for the 13 GE.

The forthcoming GE will be held in mid 2012,he forecasted. And his premise for saying so?

He believes the longer the wait, the greater the possibility that Barisan Nasional (BN) would make more mistakes.Similarly, he foresee the Pakatan Rakyat (PR) would bicker among its component parties, as time goes by.As such, a long wait has no advantages to both sides.Very ambivalent observation-not very helpful.

He believes Najib who is seeking a new mandate for the first time, has the edge but the ambition to get back its two-thirds majority in the Parliament is "not very practical". What underpins this observation?

He paints the following scenario.

Daim said PR parties are beginning to fight among themselves for seats as every one of them wants to form the government, wants to have more people's representatives because they are confident the Chinese will vote for them. I do not know how he has read these.

This happens all the time in every election but finally a decision, however difficult, has to be made. If at all Daim is correct, it will be true for Keadilan candidates with its 'frog' problems and the situation may be faced in Sabah.

Daim must also remember that some section of UMNO is now asking for a review of the seat arrangement for BN's component parties; possibly taking over some of the seats of its BN friends. This could caused issues and problems particularly between UMNO, MCA and Gerakan.

However, to my mind, there could be little conflict between PAS and Keadilan if the latter takes on suburban constituencies which are urbane in nature and favours their political approach and stance while PAS take on the more rural constituencies that continues to be steep in religion. This is one aspect that BN should really focus upon.

Daim has ruled out the dissolution of the Parliament this month or the next and believes the general election would most likely be held during the next school holidays (May 26 to June 10).

He said the prime minister can call for the election the moment he thinks BN has a very good chance to win.Timing is all important for BN to win.

He said irrespective of race, the urbanites are angry about traffic jams, criminal activities and high living costs, but Umno does not understand this, believing that the Malays will forever support the party. Daim, you have this spot on. Education, information and communication technology can be real equalizers, don't you agree?

Once you have achieved a certain level of education and can go and surf the internet,the premise that voters will vote solely on racial lines becomes untenable.

Daim said BN was able to win with two-thirds majority for five consecutive times under Mahathir because he made sure the issues facing the people were addressed before calling for elections.

"You must understand how the people feel. The needs of young people, urbanites, and the Malays, Chinese and Indians who live in flats are the same.

"But the kampung folk are different. As such Najib needs to visit them, talk to them and understand their needs."

Daim said although BN still has the edge in the next general election, if the BN performs worse than before Najib may have to step down. Asked if BN can regain the two-thirds majority, Daim said it is "a good vision, but (BN) should be more practical". I think Daim is being a realist here.

He said BN must fight in order to win.

"Should it lose more seats, Umno will let him (Najib) go, this is politics."

Asked for the possible successor should this happen, Daim quoted the Malay proverb "Patah tumbuh, hilang berganti" (whatever broken will grow back, whatever lost will be replaced), saying that, for better or worse, someone will take over.

Najib said he wants two-thirds majority, he must do better than former prime minister Tun Abdullah Ahmad Badawi did, otherwise he will only have to say bye-bye, opined Daim.

However, he said, if the country's economy is strong, Umno is united and the BN displays team spirit, Najib will have the advantage. I find these 3 ifs really troubling right now.

If Najib goes, then according to Daim; by convention, the party No 2 would take over, but anything can happen, there may be challenger which is not new in politics, he said, adding that this is politics, and everyone wants to be the prime minister. I like his angle about a potential third man hiding in the arras. Who can he be? What has Daim against Muhyiddin?

According to Daim, Najib's administration has performed better than the previous administration. You can see changes, he listens to the people, abolished the Internal Security Act, and declared war on corruption. All these are what the people want. Because you represent the people, you must listen to their voices. I wonder whether what Najib has done so far has really endeared himself to the multi-racial voters. [Many are of the opinion that he has done PR work and re-packaging but the contents remain dismally the same.]

"If you hold a differing view, you must explain the reasons and use logic to convince them. The public is rational, if you want to convince them, explain to them nicely, reach out to them, tell them your plans and that you are aware of the consequences." Is Najib doing this? Again, many do not like his transactional approach.

On the other hand, if those in power adopt the "shut up and toe the line, we are the best" attitude, they would be in danger. My fears,exactly.

He said the country needs political stability and economic growth, otherwise we will face many problems as the world economic slows down. [I think the economy will really slow down in the next half of 2012.]

As a country which depends a lot on exports, we will be in trouble if we cannot export, but the government has done its best, he said. On the next general election, Daim said BN should go all out to win in Sabah and Sarawak, keep its current seats in the peninsula as well as pay attention to seats that it lost narrowly in the 2008 polls. [Very perceptive as a strategist but what about all those unresolved issues like the native customary lands and wanton logging].

"If I were the PM, I will focus on Sabah and Sarawak to keep the status quo; seats won here (peninsula in the last election); and some seats that MCA lost narrowly the last time.

My comments:

After the last Sarawak state elections, I think status quo in urban and semi-urban seats are at risk to BN.

If you go all over the country, you are not sure where you can get the votes, it is just a waste of time," he said on campaign strategy.So much for turun padang.

Asked to rate BN's chances according to states, he said it will be hard for the coalition to recapture Penang and Kelatan but it has a 50-50 chance in Kedah and Selangor.

My comments:

I think Selangor is difficult to penetrate unless BN promises super goodies. As for Kedah, there could be turncoats there that can make Pakatan to have a tough time but they may scrap through.

He said BN will find it tough to retain Perak given the anti-BN sentiment there as a result of the power grab after the 2008 general election. No denial syndrome here. I think, you have a good head on your shoulder, my good man!

On the National Feedlot Corporation (NFCorp) scandal, he warned that it can affect the BN more than the Lynas issue if not handled well as the loan for NFCorp comes from the government, and indirectly out of the people's pockets. Right here, again.

Daim also warned that if Umno does well in the next general election but MCA and Gerakan get routed, it will be very unfortunate and sad, as such an outcome shows racial voting which will divide the country along racial lines. I think the fate of MCA and all other parties except for UMNO has already been sealed asv they have passed their political shelf-life. They are not Terminators,they are likely the terminated in the 13th GE.

Strangely, Daim did not mention the possibility of a hung Parliament this time around. This is a very likely possibility.

An Indian Giver?


Now that the new Public Services have been withdrawn, the government demands that the two month's additional pension payments paid out to Civil servants be returned.

Apparently, the new amended SSM may not include pension payment review and adjustment.

The Malaysian Government Pensioners Association president Datuk Paduka Raja Wan Mahmood Pawan Teh said the association will meet the Pensions Department on March 20 to discuss issues related to the SBPA.

Hopefully, some arrangements can be made to ensure pensions are also adjusted with the new amended SSM.

If not, then it will be the unkindest cut of all for 580,000 pensioners.

A Free Lunch from Kayu


Established in 1974 as a small stall in the now defunct Chow Yang Restaurant, the Kayu Restaurant has grown by leaps and bounds. It has sprouted franchise branches almost every where.

Today, 15 March 2012, it celebrates its 39th Anniversary.

As it did last year, they gave free lunch to all and sundry who care to come by their premise from 12 noon to 3 pm.

So, with my wife and son in tow, I went to the Kayu Restaurant in SS2.

Fortunately, it was not the uneartly 1 pm lunch hour and so there was no crowd as we lined up and got our food.


They served us a choice piece of chicken keel and a hard-boiled egg; with pickled salad of cucumber, carrots and pineapple at the side.

They also served you a glass of orange cordial and a cup of iced Nescafe.

We thank God for little mercies such as today's good lunch.

Certainly better than 1Malaysia menu.

YTL-Retail Risk Takers


Eye-balling the deals done today on YTL, there were some big deals-some were in 1,000s while there was one in a 3,000 lot tranche.

Apart from that, it was mere nibblings; very likely, from retail buyers angling for some quick profits if the counter should move up quickly to RM2.00; and possibly some day traders hopping in to cash in from some arbitrage gains if foreign funds and other local institutional funds should start taking up positions.

Right now, they are trading at the RM1.75 sen, about 7 sen from the all-time high of RM1.82.

If the tsunami surge should come perhaps in a week's time, then this counter may move up with traction; at least to the next rung of RM1.80.


We really do not know what Francis is up to but we know that those who converted from YTL Cement have already had a profit of 32 sen in their pockets.

Though, the conversion has resulted in a massive influx of new shares into YTL Corp,this has been ambivalently balanced by the cash horde that has been remitted into the coffers of YTL Corp.

Also the net asset of the share will have gone up with the injection of YTL Cement's assets.

I am pretty sure that YTL is in the market to buy Treasury shares after amassing 6.77% of the entire shares as of yesterday.


The market has just ended with YTL Corp pegging on 7 sen to RM1.80. This is earlier than I have anticipated.

That it has ended at RM1.80 is indicative of a support price likely from Treasury buys, mopping up day traders who have taken profit from arbitrages.

Tomorrow is Friday. In all likelihood, there will be profit taking all round.

I believe, if world markets continue to be supportive, YTL Corp may spring up to RM1.90; before settling down at RM1.80 or better.

A self-fulfilling prophecy of RM2.00 is just about to come true.

That will be next week's action.