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Tuesday, December 30, 2008

Malaysia: Motor Sector Expects Slowdown In 2009

KUALA LUMPUR, MALAYSIA: The automotive industry is in for a challenging period in 2009 as slower economic growth will translate into lower sales volume.

For the national carmaker, Proton Holdings Bhd, this means a success in overseas will be necessary to offset a smaller domestic market.

The country's gross domestic product (GDP) is projected to grow at 3.5% next year.

In line with the slower GDP growth, the total industry volume (TIV) is expected to contract between 10% and 13% in 2009 due to slower consumer spending.

Another factor that could hold back sales next year is financing as the financial and lending institutions will be extra cautious in approving loans due to uncertainties in the global economy.

Malaysian Automotive Association president Datuk Aishah Ahmad said consumers will be also cautious with their spending next year following the uncertainties in the economy.

"Normally, during an economic slowdown, consumers would not want to make a big-ticket item purchase. They would simply wait for the situation to be over," she told Bernama when commenting on the outlook for the automotive industry next year.

However, demand for small cars like the MyVi, Viva and the new Saga will remain intact, she said.

Aishah said the upcoming new Proton MPV multi-purpose vehicle (MPV) which is expected to be launched in March next year will provide some degree of cushion for TIV sales next year.

On the overnight policy rate (OPR) cut recently, Aishah said it could lead to reduction in the interest rate for motor vehicles hire purchase and thus encourage buying interest among customers.

Bank Negara Malaysia recently cut its benchmark OPR by 25 basis points to 3.25% from 3.50%.

Next year, the International Trade and Industry Ministry is expected to submit the review of the National Automotive Policy to the Cabinet.

The revision of NAP is expected to look into ways and means to stimulate the automotive industry.

Overall, vehicle sales in 2008 is expected to be still good despite uncertainties in the global financial market.

Cumulative vehicles sales in the first 11 months this year rose to 508,290 units from 444,932 in the same period of 2007.

As for Proton, its strategy of offering the right car at the right time and at the right price put it on the right track to regain its share in the local automotive market and overseas as well.

The launching of Proton Persona and the new Saga models brought in new hope for Proton, which now has presence in more than 20 countries including the United Kingdom (UK), Australia, New Zealand, Indonesia, Thailand and Singapore.

Proton managed to return to the black during the financial year ended 31 March 2008 whereby it chalked up a pre-tax profit of RM162.218 million compared with a pre-tax loss of RM618.129 million previously.

Its revenue jumped to RM5.629 billion from RM4.912 billion.

For the first six months ended 30 Sept 2008, Proton registered a pre-tax profit of RM115.308 million compared with a pre-tax loss of RM41.896 million in the corresponding period last year due to the increase in domestic sales and improved margins, arising from better product mix and lower discounts.

As of October 2008, Proton's market share was 33.3% with a total of 122,351 units of cars registered in the country since January. (By PREMALATHA JAYARAMAN/ MySinchew)
MySinchew 2008.12.26

“Interest rate cut may reduce car sales” 27th November, 2008

27th November, 2008 (New Sabah Times)

KUALA LUMPUR. Proton car sales may drop instead of increase with the downward revision in the Bank’s lending and base financing rates” said Armin Baniaz Pahamin, Deputy President, Proton Edar Dealers Association Malaysia.

The current downward revision in interest rate is negligible and unless the interest rate cut is substantial, the revision may signal more possible interest rate cut in the near future and only trigger a ‘wait-and-see’ reaction from the public for further interest rate cut.

This will affect our car sales.

Bank Negara should study carefully the quantum of reduction and regulate to reduce the effective interest rate once but substantially rather than progressively over a period.

This will eliminate the wait-and-see factor and promote immediate spending.

Proton car sale is not interest rate dependant and neither does Perodua car sales.

Perodua car has always been sold at a slightly higher interest rate compared to other models and it is not a mitigating factor for the customer.

A cheaper loan is an attraction but what is more important is the approval for the customer’s hire purchase loan.

The approval of customer’s hire purchase loan depends on the Bank risk scoring. Proton customer risk profile are set by the Bank and is higher compare to other car distributors making it harder for Proton customer loan to be approved.

For example, there have been various instances that our customers loan were rejected or reduced but the same customer were able to secure a higher loan to buy example, a Toyota.

Currently, customers who do not fulfill or satisfy the Banks risk profile are given an option for a higher interest and lower margin of finance or risk the loan being rejected.

Unless the risk profile issue is addressed, even with the cut in interest rate, Proton car sales will be quite stagnant if not lower.

An ‘Easier’ loan approval will promote a healthier car sales rather than a ‘cheaper loan’. A cheaper loan will not create additional sales but is a bonus for potential customers as hire-purchase loan is fixed throughout the tenure of the loan.

The cheaper loan should not be at the expense of an easier loan approval.

In addition to the cheaper loan, Banks should also provide a more flexible package for hire purchase financing.

A cheaper source of financing will however cushion Proton Dealers from the rising cost of operation.

Almost 90% of Proton dealers operate on bank facilities and a cut in banking facilities rate of interest will enable the dealers to offset the saving against the increased in overhead expenses such as utility bills as well as petrol.

On the average, every dealer is holding at least 20-30 cars for immediate deliveries. These cars have to be transported from proton stockyard, to our stockyard and deliver to customers with at least half petrol tank filled. All these extra cost is at the expense of individual dealers.

Monday, December 29, 2008

Carrefour perkenalkan pasar raya hiper kompak tahun depan

KUALA LUMPUR 28 Dis. - Carrefour Malaysia, pengendali pasar raya hiper kedua terbesar di Malaysia, mengubah strategi perniagaan dengan mula memperkenalkan pasar raya hiper bersaiz lebih kecil daripada biasa di seluruh negara tahun depan.

Pengarah Serantau, Eric Garcia berkata, pasar raya yang baru ini sama konsepnya berbanding sedia ada tetapi berbeza daripada segi saiz dan juga barangan.

''Kami telah penilaian dan mendapati pasar raya hiper yang besar saiznya seperti cawangan kami di Wangsa Maju terlalu memenatkan. Jadi, kami memutuskan untuk membuka pasar raya hiper yang hanya berkeluasan antara 2,000 meter persegi hingga 7,000 meter persegi.

''Kami juga melihat pasar raya kompak ini juga mampu memberikan lebih banyak potensi,'' katanya selepas pembukaan pasar raya tersebut ke-16 di Tropicana City Mall di sini Sabtu lalu.

Pasar raya hiper bernilai RM21 juta dibina bagi menampung keperluan kira- kira 134,000 orang penduduk di kawasan sekitar.

Pasar raya hiper kompak pertama akan dibuka di USJ 19, Subang Jaya yang bernilai RM4 juta pada Januari depan, kata Garcia.

Perbezaan utama pasar raya hiper kompak dengan yang biasa dilihat ialah ia tidak menjual barangan bernilai tinggi seperti mesin basuh, televisyen dan lain-lain.

Selain daripada pasar raya kompak, Carrefour juga bercadang membuka kira-kira lapan buah pasar raya hiper di seluruh Malaysia. Beliau bagaimanapun enggan menyatakan jumlah pelaburan yang terbabit.

Ditanya sama ada, kehadiran pasar raya kompak bakal bakal menjejaskan perniagaan pasar raya mini atau kedai runcit, Pengarah Pemasaran dan Komunikasi, Sivakumar Haridas pula berkata, perkara berkenaan tidak boleh disalah anggap.

Ini kerana, katanya, terdapat perniagaan runcit lain membeli barangan daripada pasar raya hiper sebelum menjualnya kembali kepada pelanggan mereka ekoran harga yang ditawarkan adalah murah.

Beliau berkata, perkara penting yang perlu diambil kira oleh peruncit yang berada di sekitarnya ialah bagaimana hendak menggunakan segala sumber yang ada untuk keuntungan semua pihak.

Sementara itu, Carrefour menjelaskan pihaknya akan meneruskan projek pembinaan pasar raya hiper di Kota Damansara walaupun terpaksa berdepan dengan 'masalah'.

Seorang lagi Pengarah Pemasaran dan Komunikasi syarikat itu, Low Ngai Yuen berkata, pihaknya sedang membuat perbincangan dengan pihak yang terbabit dan akan terus berbuat demikian sehingga mereka dibenarkan semula untuk meneruskan projek pembinaan.

Pembinaan pasar raya yang terletak di Seksyen 11/1, Kota Damansara, PJU5 di sini dibantah penduduk sekitar kerana kedudukannya yang didakwa terlalu hampir dengan penempatan dan juga sekolah selain terdapat dua buah pasar raya lain dalam lingkungan lima kilometer termasuk Giant yang letaknya kira-kira 500 meter dari tapak Carrefour itu.

Para penduduk di kawasan sekitar juga turut merasa ragu dengan kelulusan yang diberikan untuk pembinaan pasar raya itu kerana tapak asalnya merupakan peruntukan untuk rumah kedai. (Utusan Malaysia)

TAWARAN OPSYEN SEMULA KEPADA ANGGOTA YANG TELAH MEMILIH SKIM KUMPULAN WANG SIMPANAN PEKERJA

Tawaran bertukar opsyen dari kwsp kepada pencen.

Maklumat boleh diperolehi melalui link ini:
http://www.jpa.gov.my/docs/pp/2008/19/pp192008.pdf

Wednesday, December 17, 2008

Bush dibaling kasut

BAGHDAD 15 Dis. – Seorang wartawan Iraq membaling sepasang kasut ke arah Presiden Amerika Syarikat (AS), George W. Bush semasa lawatan perpisahan beliau ke Iraq, semalam.

Insiden itu menonjolkan kebencian mendalam yang terus dirasai di negara ini terhadap Bush yang mengakui perang di Iraq masih belum dimenangi.

Wartawan berkenaan, Muntazer al-Zaidi bangun sewaktu Bush mengadakan sidang akhbar bersama-sama Perdana Menteri Iraq, Nuri al-Malik seraya menjerit dalam bahasa Arab, “ini kucupan perpisahan untuk kamu, anjing!” lalu membaling kasut yang dipakainya.

“Ini salam perpisahan daripada balu, anak yatim dan mereka yang terbunuh di Iraq,” jerit Muntazer, wartawan untuk televisyen Al-Baghdadia, sebuah stesen milik Iraq berpangkalan di Kaherah. (Utusan Malaysia)

Monday, December 15, 2008

Fuel price drop!

GEORGE TOWN: Fuel prices will go down further in the near future, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said.

However, he would not say by how much.

“I can only confirm that there is still room for the price to drop.

“However, I do not think the fuel rebate system will continue after the cycle ends in March next year as most consumers prefer to have the rebate worked into the pump price,” he told a press conference at Sun–shine Square in Bayan Baru yesterday after launching the supermarket’s price reduction campaign.

Petrol and diesel prices at the pump have dropped to RM1.90 per litre for RON97 petrol and RM1.80 per litre for RON92 since early this month.

Asked if the ministry would impose a floor price for fuel, Shahrir said there were no such plans.

On subsidies given to taxi drivers when the fuel price was above RM1.92, he said they should now buy fuel at the current pump price.

“The subsidies allowing them to buy petrol at RM1.92 were given when fuel prices were high.

“Subsidies are not things that carry you all the way. Taxi drivers should also be happy that the price has come down,” he said.

Shahrir said taxi drivers using diesel could use their subsidy cards to buy diesel at RM1.43 rather than pay the RM1.80 pump price.

“There is no reason why they cannot make a reasonable living with the subsidy,” he said.

Earlier, Shahrir commended Suiwah Corporation Bhd for reducing the prices of 600 types of products, ranging from fresh and frozen food to daily necessities.

He also urged state governments and local authorities to do their part in keeping the prices of goods reasonable.(The Star)

Minyak turun lagi 10 sen.

KUALA LUMPUR 15 Dis. - Kerajaan menurunkan harga minyak sebanyak 10 sen lagi berkuatkuasa esok.

Dengan pengumuman terbaru ini petrol RON97 dikurangkan daripada RM1.90 kepada RM1.80. Petrol RON92 pula turun dari RM1.80 kepada RM1.70 dan Diesel juga turun dari RM1.80 ke RM1.70. - Utusan

Thursday, December 11, 2008

New civil servants to get less annual leave

KUALA LUMPUR: Come Jan 1, annual leave entitlement for new civil servants, with the exception of police, army, maritime enforcement and education officers, will be reduced by five days.

Currently, civil servants are entitled to 30 days in annual leave.

However, as a legal requirement, all serving civil servants would be given an option to retain their entitlement or opt for the new reduced entitlement, Public Services Department director-general Tan Sri Ismail Adam said on Thursday.

"Option papers will be given out soon as the last day of exercising the option is Dec 31.

"Those who do not submit their option papers by that date would be deemed as staying on with the current entitlement," he told Bernama Thursday.

Meanwhile, CUEPACS will meet Ismail Friday to discuss the matter, among other relevant issues.

Its secretary-general, Ahmad Shah Mohd Zin, said it wanted to know the rationale behind the reduction.

He said it would not be fair to reduce the entitlement as the new civil servants would lose out in the long run.

For example, Ahmad Shah said, new entrants to the civil service who served 30 years, would lose 150 days of leave which translated to five months.

He said CUEPACS would seek to compensate such officers. - Bernama

Cuti untuk kakitangan awam baru dikurangkan

KUALA LUMPUR 11 Dis. — Mulai 1 Januari kelayakan cuti tahunan bagi kakitangan awam baru, kecuali polis, tentera, penguatkuasa maritim dan pegawai pelajaran, akan dikurangkan lima hari.

Pada masa ini, kakitangan awam menikmati kelayakan cuti tahun sebanyak 30 hari.

Bagaimanapun, mengikut undang-undang, semua kakitangan awam yang sedang berkhidmat akan diberikan opsyen untuk mengekalkan kelayakan mereka atau memilih kelayakan baru yang dikurangkan itu, kata Ketua Pengarah Jabatan Perkhidmatan Awam Tan Sri Ismail Adam.

“Borang opsyen akan dikeluarkan secepat mungkin kerana hari terakhir bagi membuat opsyen itu ialah 31 Disember.

“Mereka yang tidak mengembalikan borang opsyen itu menjelang tarikh itu akan dianggap memilih kelayakan sekarang,” katanya kepada Bernama hari ini. - Bernama

Anti-Corruption Commission Bill tabled

KUALA LUMPUR, WED:

Prime Minister Datuk Seri Abdullah Ahmad Badawi tabled for first reading the Dewan Rakyat today the Malaysia Anti-Corruption Commission Bill which provides for the setting up the commission to replace the Anti-Corruption Agency (ACA).
The new act will replace the Anti-Corruption Act 1997.

Abdullah also tabled the Judges Appointment Commission Bill 2008 to set up an independent judicial body to manage the appointment of judges of the superior courts, including the appointment of the Chief Justice.

Also tabled were the Pensions (Amendment) Bill 2008, Stutory and Local Authorities Pensions (Amendment) Bill 2008, Pensions Adjustment (Amendment) Bill 2008 and the Judges’ Remuneration (Amendment) Bill 2008.Bernama

Komitmen perangi rasuah

Oleh MARHAINI KAMARUDDIN
(WARTAWAN UTUSAN)

DEFINISI popular bahawa rasuah ialah perbuatan menggunakan kemudahan awam untuk kepentingan peribadi telah mendedahkan dan membuka banyak ruang kepada pelbagai pihak membuat tanggapan masing-masing terhadap tindakan pihak berkuasa yang selalunya negatif.

Di Malaysia, persepsi masyarakat terhadap pihak penguat kuasa undang-undang di negara ini telah menjejaskan imej pasukan dan agensi terlibat walaupun hakikatnya tidak seperti yang dibayangkan.

Ketua Pengarah Badan Pencegah Rasuah (BPR), Datuk Ahmad Said Hamdan, semasa Seminar Kepimpinan Berintegriti Ketua-ketua Jabatan Negeri Pahang bulan lepas mendedahkan sepanjang 10 bulan pertama tahun ini sahaja agensi itu menerima 13,669 maklumat dan daripada jumlah itu, 1,235 kertas siasatan dibuka yang membabitkan 548 individu.

Dengan jumlah pegawai dan kakitangan BPR yang terhad, pencapaian itu sebenarnya agak menakjubkan kerana mereka perlu bekerja - menjalankan siasatan, mengumpul bukti dan mencari saksi.

Angka tersebut bagaimanapun tidak menarik perhatian pengkritik dan para skeptik sebaliknya yang tetap menjadi panduan dan perbandingan tentulah carta tahunan Transparency International (TI).

Dan sebagaimana lazimnya, prestasi Malaysia menangani rasuah kerap dibandingkan dengan negara jiran Singapura yang menyertai kelompok 10 senarai teratas sejak 10 tahun lalu, begitu juga Hong Kong yang dianggap sumber rujukan terbaik termasuk oleh kalangan pemimpin politik pembangkang.

Malaysia yang berkeluasan 329,847 kilometer persegi dengan 27.7 juta penduduk berbanding saiz Singapura hanya 707 kilometer persegi dengan 4.8 juta orang, menduduki senarai 20 ke bawah dalam senarai TI.

Walaupun agak dangkal mengukur prestasi tanpa mengambil kira pelbagai aspek daripada jumlah kes, bilangan pegawai penguat kuasa dan jenis-jenis kes termasuk berprofil tinggi yang berbeza antara negara - kedudukan Malaysia dalam carta Indeks Persepsi Rasuah (CPI) sahaja yang dijadikan ukuran.

Jadi sungguhpun persepsi dan realiti adalah dua perkara yang berbeza, dalam konteks rasuah, ia menjadi sesuatu yang amat penting khususnya untuk menarik pelaburan seterusnya mengukuhkan ekonomi negara.

Menyedari realiti ini, Perdana Menteri, Datuk Seri Abdullah Ahmad Badawi teguh mahu memastikan isu mengenai rasuah diselesaikan sebelum beliau berundur pada Mac tahun depan.

Dalam pertemuan dengan para pengarang Utusan Malaysia baru-baru ini, Abdullah menjelaskan betapa pentingnya isu tersebut diberi keutamaan dan untuk menanganinya, tiga kelompok utama iaitu polis, hakim dan BPR - yang sering menjadi sasaran kritikan dikembalikan kredibilitinya.

Pembentangan Rang Undang-undang Suruhanjaya Pencegahan Rasuah Malaysia (SPRM) oleh Perdana Menteri di Dewan Rakyat hari ini, merupakan langkah pertama ke arah itu.

"Kita akan melihat BPR yang berbeza kerana ia akan mempunyai lebih kemampuan untuk bertindak. Apa yang penting, orang luar perlu mempercayai integriti siasatan yang dijalankan itu, barulah keputusannya tidak dipersoalkan," tegas Abdullah dalam pertemuan itu.

Rang undang-undang SPRM sepatutnya mendapat sokongan tanpa bantahan Ahli-ahli Parlimen tanpa mengira sama ada parti kerajaan atau pembangkang kerana seperti 'dikehendaki' oleh banyak pihak dan diluluskan oleh mesyuarat Jemaah Menteri April lalu, ia akan berpandukan model Hong Kong Independent Commission Against Corruption (ICAC) yang selama ini menjadi 'kiblat' pejuang anti rasuah.

Jika mengikut model Hong Kong ICAC yang dibentuk pada 1974, operasi pencegahan rasuah di Malaysia selepas ini akan dibahagikan kepada tiga bahagian iaitu Jabatan Operasi yang menerima, menimbang dan menyiasat dakwaan rasuah; Jabatan Pencegahan Rasuah yang berfungsi meneliti amalan dan prosedur jabatan kerajaan dan badan awam atas permintaan dan ketiga; Jabatan Perhubungan Komuniti yang mendidik orang awam agar menentang rasuah dan menyediakan sokongan untuk memeranginya.

Sistem 'semak dan imbang' dalam ICAC Hong Kong meletakkan agensi itu terus di bawah Ketua Eksekutif negara itu atau di Malaysia, diletakkan di bawah Perdana Menteri.

Dan lazimnya status suruhanjaya di Malaysia bermakna pelantikan anggotanya juga mungkin dibuat oleh Yang di-Pertuan Agong.

Jika mencontohi bulat-bulat ICAC Hong Kong, SPRM juga perlu menjawab kepada beberapa badan pemantau atau panel penasihat yang ditubuhkan untuk mengawasi pergerakan suruhanjaya tersebut.

Pada masa yang sama, terdapat Jawatankuasa Aduan ICAC iaitu badan bebas yang memantau dan menyemak semua aduan bukan jenayah terhadap agensi itu sendiri dan kakitangannya.

ICAC Hong Kong juga mempunyai sistem pemantauan dalamannya sendiri untuk memastikan setiap tindakan agensi itu mencapai satu standard yang ditetapkan dan diharap-harapkan oleh komuniti.

Sekiranya SPRM mempunyai kesemua elemen di atas, tidak ada ruang lagi untuk agensi pencegahan rasuah negara ini menjadi mangsa kritikan atau keraguan.

Penstrukturan BPR menjadi satu suruhanjaya bebas sudah pasti dapat mengubah persepsi umum bahawa wujudnya campur tangan kerajaan di dalam agensi berkenaan.

Penubuhan Lembaga Penasihat Pencegahan Rasuah bebas yang menjadi elemen penting dalam suruhanjaya itu seperti diumumkan sebelum ini mampu menjadi penyemak dan pengimbang untuk menjamin ketelusan dan integriti suruhanjaya tersebut.

Walaupun akan ada pihak yang cuba mempertikai dan meremehkan pembentangan rang undang-undang ini, pembentukan SPRM akan diingati dalam sejarah sebagai bukti komitmen kerajaan untuk memerangi perbuatan rasuah dan sangkaan buruk tentang tahap rasuah di negara ini.

Ia seterusnya akan mengangkat agensi pencegahan rasuah negara ke tempat yang tinggi dan dihormati oleh rakyat dan masyarakat antarabangsa.

Mechanism to set floor price for fuel to go to Cabinet first, says Abdullah

KUALA LUMPUR, WED:

The mechanism to set the floor price for petrol and diesel will be discussed in the Cabinet first before a decision is made, Prime Minister Datuk Seri Abdullah Ahmad Badawi said today.

He said the government has not decided on the matter yet although the National Economic Council held its meeting at Parliament House today.

“Not yet. We will bring it to the Cabinet for further discussions,” he told reporters after tabling government Bills at the meeting.

Abdullah announced a 10 sen cut for a litre of petrol and diesel on Dec 3, lowering the pump prices of RON97 petrol to RM1.90 from RM2 and RON92 to RM1.80 from RM1.90. Diesel price dwindled to RM1.80 from RM1.90.

The downward revision was the sixth since August following the slide in global crude oil price.

Bernama

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