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Thread: Apa Cina Mau Lagi dalam 51%?

  1. #1
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    Apa Cina Mau Lagi dalam 51%?

    One by one in sikit sikit lama jadi bukit ......disejarah hari ini.........

    1st major takeover - MY Proton and now MY Shell refinery with 51% major stake holder by Great Wall of China companies. Kambing soon it might be Fellda man where orang cina wants to be rubber emperor. http://www.freemalaysiatoday.com/cat...alaysia-plant/
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  2. #2
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    This is the reality of globalization. All firms, regardless of from China or Japan or America or Germany, want to control the entire supply chain of their business and after that go to other new frontiers in the name of diversification. Nothing special about this.

    Question is what is Malaysian firms going to do about it? except for a select few, we are happy to employ only local talents and stay within our country. Look at banking industry. Where have we gone? Should we lament about HSBC being here while our Public Bank and Maybank are pretty content to be just here and nearby?

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    Standard Chartered Banking has had gone leaps and bounds fro the east to the west which our Singapura cousin are the pioneer owners. Thier international status is of gold standard in banking industries.

    Malaysia too had gone to the international boundaries with branding like Petronas to MISC or BMF. But slowly MISC exited from shipping container biz , Petronas offloading thier stakes in overseas, while BMF became sejarah hari ini. Mulpha International via Multi Purpose went busted as well. Probably the only one who has corner the world market is Genting Hghland holdings. But it has been acting with caution through complex restructuring ownership like Kuok Holdings.

    Back in those days, Gomen insisted on 51% quota of ownership and even on the B crew on board on many multinational companies who wanted a biz footing in Malaysian soil. Now it is Jib Jib sale with ramification and consequences.
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  4. #4
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    Quote Originally Posted by zinglicious View Post
    Standard Chartered Banking has had gone leaps and bounds fro the east to the west which our Singapura cousin are the pioneer owners. Thier international status is of gold standard in banking industries.

    Malaysia too had gone to the international boundaries with branding like Petronas to MISC or BMF. But slowly MISC exited from shipping container biz , Petronas offloading thier stakes in overseas, while BMF became sejarah hari ini. Mulpha International via Multi Purpose went busted as well. Probably the only one who has corner the world market is Genting Hghland holdings. But it has been acting with caution through complex restructuring ownership like Kuok Holdings.
    ...
    We are in agreement. With a slight difference of opinion only, which I think all of us can appreciate. Petronas didn't really do a good job. It is just that Petronas didn't screw it up only. When the firm has the entire country's oil reserve for free, succeeding should be a guaranteed. Mis-management should never be allowed.

    Btw, in the banking circle, most bankers know Standard Chartered has been mismanaged. It is still riding on its old reputation. Singaporeans are not as efficient as we think...

  5. #5
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    In the list of top 100 banking, Singapura makes it to the least with couples of names from DBS to OCBC. From a small red dot, to make it with 2 banks is a milestone. The other one just missed it by 2 spots behind. BTW Standard Chart is listed in UK.

    Standard Chartered was found to be in some form of monies laundering with another banker in hand - HSBC http://www.independent.co.uk/news/bu...-a8008346.html
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  6. #6
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    Don’t over value Singapore’s banks that much. They have been having it easy thanks to flow of money into Singapore (wealth management???) and property boom. It’s similar to Aussie banks earlier. Banks profit growth is highly dependent on the general market, as banking industries act as liquidity providers.

    Standard Chart is controlled by Temasek, regardless of its listing status.

  7. #7
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    Quote Originally Posted by zinglicious View Post
    One by one in sikit sikit lama jadi bukit ......disejarah hari ini.........

    1st major takeover - MY Proton and now MY Shell refinery with 51% major stake holder by Great Wall of China companies. ....

    Not interested on the proton thingy.... but let me tell you something about this refinery...

    The takeover has nothing to do with anything of the local economy..

    The refinery has been on the divestment list more than a decade ago but couldn't find the right buyer. Those decision-making folks in the Hague office only wanted to sell the refining business, the retail outlets in this country is not for sale. This make the divestment much more difficult. All oil majors (local and regional) wouldn’t want to touch a refinery which is older than you and me. The upgrading is more costly than building a new one..

    Btw, I quite like their new name card... One side of the card is printed with the name/designation/address in my mother tongue. Because it is a translation and those fellas also don’t know whether their name/designition are correctly translated, it is real fun to read them…
    滔滔逝水 , 急急流年 。

  8. #8
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    Imagine if 1 day Petronas is being sold and renamed as 北京华 and Hamdan the manager is renamed 咸蛋

    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
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