Posted by joeylee2013 > 2014-05-08 00:12 | Report Abuse

"This will help separate the misjudgements and negligence of your civil aviation and military establishments from very early in the MH 370 saga: these we know from history have precedents and were avoidable.

Posted by joeylee2013 > 2014-05-08 00:12 | Report Abuse

"The rest that followed has confounded the best among experts. Therefore to invoke the lack of precedent and disclaim any direct responsibility all the way is being somewhat disingenuous," he added.

Posted by joeylee2013 > 2014-05-08 00:12 | Report Abuse

He said that the findings could help avoid a repeat of the incident, adding that "for Malaysia's sake and for the sake of the affected families is a sincere, heartfelt apology that things have come to such a pass.

Posted by joeylee2013 > 2014-05-08 00:13 | Report Abuse

"I would imagine that for wounded Malaysian pride, it will serve as a point from which to refashion a new set of commitments unto itself and people at large.

"For the families of passengers, it might begin a healing process and a fresh start free of rancour, accusation and suspicion," Narendran said in the email.

Posted by joeylee2013 > 2014-05-08 00:13 | Report Abuse

He also urged Putrajaya to be transparent about the investigations into the lost plane.

"My hypothesis is that the lack of transparency that has come to define your government's engagement with the rest of the world is because your government wants to hold onto a pretence of competence, mask the guilt and shame of initial lapses and a fear of the scorn and contempt that may be heaped on it from round the world.

Posted by joeylee2013 > 2014-05-08 00:13 | Report Abuse

"The burden of this only grows. The burden of a heavy conscience will weigh on your people for a long time if you fail to not own up," he added.

Narendran also asked for an apology to the families of passengers and crew aboard the plane.

Posted by joeylee2013 > 2014-05-08 00:14 | Report Abuse

His wife, Chandrika, was the executive secretary of the International Collective in Support of Fish Workers and was heading to Ulaanbaatar, Mongolia, to attend a regional conference for Asia and the Pacific hosted by Food and Agriculture Organisation of the United Nations.
The couple have one daughter.

Posted by joeylee2013 > 2014-05-08 00:14 | Report Abuse

"A heartfelt apology to my mind is an admission of direct responsibility for a set of lapses that were entirely within the control of the government and the airline, taking responsibility for consequences of such responsibility, holding oneself publicly accountable for the conduct of the search and rescue/recovery, invoking humility to include or hand over to others who are competent some or all parts of the investigation, and being facilitative of the families access to detailed information at every stage.

Posted by joeylee2013 > 2014-05-08 00:15 | Report Abuse

"No doubt there is a price to pay. It must be paid. However, an apology and an appeal for forgiveness would enhance Malaysia's standing amongst nations and peoples in a way that no amount of protestations or grandstanding will," he added.

Posted by joeylee2013 > 2014-05-08 00:16 | Report Abuse

Narendran said for the families, "a lot rides on how diligently and persistently your government pursues the truth through investigation, how compassionate it is towards all the affected, and how humble and receptive it is in taking the waves of criticism from interested parties.

Posted by joeylee2013 > 2014-05-08 00:16 | Report Abuse

"It needs to measure up to the international benchmarks of transparency, public scrutiny and challenge, and assure the sceptical world that there is indeed no cover-up, no attempt to be creative or economical with the truth. After all, the world is watching, waiting...," he said.

Posted by joeylee2013 > 2014-05-08 00:16 | Report Abuse

Narendran said that while the truth sometimes hurt, it would also be liberating.

"The loss of trust I alluded to earlier threatens this for me personally and I suspect for many others. It is disturbing to consider that self-centred deceit and duplicity to get ahead, move on, or self-preservation could be at work in the present instance.

Posted by joeylee2013 > 2014-05-08 00:16 | Report Abuse

"We do need a fresh start here, Mr Prime Minister. You have a part to play in shaping what we believe in, and what world we create. For us to trust you and your government, we need you too to take a leap of faith and do what is right and not just what is safe.

Posted by joeylee2013 > 2014-05-08 00:17 | Report Abuse

"So cast aside the cravings and compulsions of office and try being the statesman. Malaysia will emerge stronger, and others would be willing to give it another chance in due course," he said in ending the letter to the prime minister.

Posted by 88et88 > 2014-05-08 08:42 | Report Abuse

http://www.menafn.com/1093827951/Malaysian-Airlines-loses-USD13b-as-government-backs-away

Posted by 88et88 > 2014-05-08 08:43 | Report Abuse

hmm, what is the TP?

Posted by Justice Kb > 2014-05-08 09:36 | Report Abuse

Mas is the last thing i want to touch

Posted by keithchan > 2014-05-08 10:16 | Report Abuse

Don't even think of touching.....

Posted by ryei > 2014-05-08 10:46 | Report Abuse

bye bye MAS... for those who bought at 0.24 and above, better cut loss.

Posted by Justice Kb > 2014-05-08 10:59 | Report Abuse

ok keithchan hoho

Posted by Ring > 2014-05-08 11:17 | Report Abuse

TA has a sell call on MAS at 13cts by StarBiz today.

Posted by keithchan > 2014-05-08 11:22 | Report Abuse

kasi mati terus lagi baik

Posted by AdCool > 2014-05-08 14:01 | Report Abuse

Government has announced not to bail out MAS. I think the game just got started now.

First round: depress the price further by giving negative announcement.
2nd round: start collecting when the price is low
3rd round: once collection is done, all those with "networks" will wait for the 180 degree turn of the earlier announcement
4th round: Government overturn its earlier announcement saying they are looking for some kind of partnership or some kind of strategic plan and investment to spin around MAS as MAS is a national carrier and economic enabler.
5th round: MH370 is found and then everything seems clearer and brighter now for MAS.
6th round: Government announces a not confirmed takeover offer from 3rd party
7th round: Price start to appreciate and time for the "network" fella to offload their cheap shares and earn millions.
8th round: Things die down and ppl are back to stuck at the appreciated price with no catalyst to push further. Got to wait for another round of bad news and good news.

Posted by GiveMeFive > 2014-05-08 15:05 | Report Abuse

round 5th: don't wait, jump to round 6th :)

Posted by george_poros > 2014-05-08 16:45 | Report Abuse

privatisation, w00t!!!

Posted by vx1023 > 2014-05-08 20:58 | Report Abuse

https://my.news.yahoo.com/kjaan-tak-akan-suntik-dana-selamatkan-mas-032001940.html

Posted by kkanagasg > 2014-05-09 00:10 | Report Abuse

Tourism and Culture Minister Nazri Abdul Aziz said the government has ruled out cash injection to rescue Malaysian Airlines (MAS), which has not turned a profit in the last three years.

Posted by kkanagasg > 2014-05-09 00:11 | Report Abuse

Gulf News reported Nazri as saying that the government is at a loss over what to do with MAS, the fourth largest Southeast Asia carrier, which has been struggling in a competitive environment, even before MH370 clipped its wings further.

Posted by kkanagasg > 2014-05-09 00:11 | Report Abuse

"To inject new capital is certainly not an option," he had said at a tourism fair in Dubai.

The report also said that senior management at the government-owned airline could also be on the chopping block.

Posted by kkanagasg > 2014-05-09 00:11 | Report Abuse

Nazri however told Gulf News that the transport minister will be the decision maker and refused to say whether the government remained confident in MAS’ senior management.

Posted by kkanagasg > 2014-05-09 00:12 | Report Abuse

Even before MAS prompted the world's biggest aviation hunt with the loss of a Boeing 777 with 239 passengers onboard on March 8, the airline had issues.

Posted by kkanagasg > 2014-05-09 00:12 | Report Abuse

Despite a 27 percent improvement in passenger traffic in 2013, the national carrier not only failed to turn a profit but more than doubled losses from the previous year. It suffered a net loss of RM1.2 billion.

Posted by kkanagasg > 2014-05-09 00:12 | Report Abuse

Last month, MAS chief executive officer Ahmad Jauhari Yahya (right) noted that an airline would need at least six months to recover from a market reputation issue after MH370, but stressed that MAS would do it sooner.

Posted by kkanagasg > 2014-05-09 00:13 | Report Abuse

Shares of the Bursa-listed company had been trading at 70 sen/share in early 2013 before plummeting to 30 sen in July last year. After the MH370 incident, the share prices further eased to trade at about 20 sen/share.

Posted by kkanagasg > 2014-05-09 00:13 | Report Abuse

The airline last raised funds almost a year ago through a US$1 billion rights issue. It also raised RM7.8 billion (US$2.36 billion) through Islamic bonds and a special purpose vehicle owned by the Finance Ministry to buy planes in mid-2012.

The rights issue was backed by Khazanah Nasional Bhd, which owns 69 percent of MAS.

Posted by AyamTua > 2014-05-09 07:31 | Report Abuse

Posted by AdCool > May 8, 2014 02:01 PM | Report Abuse

Government has announced not to bail out MAS. I think the game just got started now.

First round: depress the price further by giving negative announcement.
2nd round: start collecting when the price is low
3rd round: once collection is done, all those with "networks" will wait for the 180 degree turn of the earlier announcement
4th round: Government overturn its earlier announcement saying they are looking for some kind of partnership or some kind of strategic plan and investment to spin around MAS as MAS is a national carrier and economic enabler.
5th round: MH370 is found and then everything seems clearer and brighter now for MAS.
6th round: Government announces a not confirmed takeover offer from 3rd party
7th round: Price start to appreciate and time for the "network" fella to offload their cheap shares and earn millions.
8th round: Things die down and ppl are back to stuck at the appreciated price with no catalyst to push further. Got to wait for another round of bad news and good news.


//////



takut nanti investment hilang di lautan hindi loh.. kikikikik

Posted by Playboy > 2014-05-09 07:37 | Report Abuse

still collecting ... cheap .

Posted by AyamTua > 2014-05-09 07:41 | Report Abuse

ahb and eah is cheaper than mas with lots of upside.. to see mas shoot up needs bilions and billions ..! :-)

Posted by Canonpreview > 2014-05-09 09:42 | Report Abuse

i will buy when i drop below 15 cent..

Posted by cindylim > 2014-05-09 10:15 | Report Abuse

forget about this stock

Posted by xxxx > 2014-05-09 10:25 | Report Abuse

Privatise or bust! When there is news of privatisation, price will up.

Posted by eric3311 > 2014-05-09 10:31 | Report Abuse

waiting at 0.5 cent

Posted by cindylim > 2014-05-09 10:32 | Report Abuse

it will come one day!

Posted by carson > 2014-05-09 10:40 | Report Abuse

it will not wind down, the least would be some entity taking over mas or put in some form of rescue then some solid management , it will be back to profitability and back to glory, until then be patient and watch closely the share price will be back someday probably not to far away, you will be paid for close monitoring

Posted by sslim > 2014-05-09 10:43 | Report Abuse

Khazanah wont let it less then 20c.. so i think still can but n keep ..

Posted by xxxx > 2014-05-09 10:43 | Report Abuse

Eric, queued whole of this morning at 21 sen also cannot get yet-lah. You must be queueing very far behind me-lah.

Posted by dyks1 > 2014-05-09 10:55 | Report Abuse

Buy so all can bungkus altogether

Posted by ryei > 2014-05-09 11:02 | Report Abuse

hope can break 0.20 soon

Posted by SS3U > 2014-05-09 12:01 | Report Abuse

CNN's over-the-top MH370 coverage becomes the brunt of a joke by none other than US president Barack Obama in his annual White House Correspondent's dinner.

Posted by SS3U > 2014-05-09 12:01 | Report Abuse

US president jokes on CNN's MH370 coverage