Big Money: What's to be done to 'save' Telekom?

by xenquan Tuesday 23-Dec-2003

Twenty years after it was privatised and 10 years after it was listed, Telekom Malaysia Bhd has been unable to shake off the mantle of the civil service. The strong suspicion is that it hasn't even tried. Full story: »www.theedgedaily.com/article.cfm?id=27332

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Big Money: What's to be done to 'save' Telekom?

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Centrilium
Totoro
Premium
join:2002-11-21
MY

No to monopolisation!!!

After so many years they were reluctant to open up their last mile fixed line network to consumers now they are asking us to save them?Don't you think it's stupid to save them by pumping in more money for them to throw at worthless companies?They went and spend so much money buying up Celcom,Astro and Fibrecom just to monopolise up everything and they are now in big trouble.This was what they asked for so let it be.I think its time that the Malaysian development reserves should go to those who really deserves it like Jaring as well as the other social welfare bodies.Who cares about their generation old POTS infrastructure?It's time that we need to replace them with fibers and coaxial cabling(HFCs).It's now the time to see where out hard earned money is headed to some proper development instead of them.

permalink · 2003-12-23 08:07:24 · Print ·

xenquan join:2003-12-08 Malaysia	Re: No to monopolisation!!! It's inevitable:( See the major share holder list below, all related to government body...) 1. Khazanah Nasional Berhad 34.04% 2. Minister of Finance 19.09% 3. Employess Provident Fund Board (EPF) 13.54% 4. Bank Negara Malaysia 7.93% 5. Permodalan Nasional Berhad 5.34% So, if you pay EPF, you are investing in Telekom.
	permalink · 2003-12-23 09:50:35 · ·

teh Gekke Kraai Premium join:2003-03-21 Malaysia	Re: No to monopolisation!!! 20 years... 40 years... what is the difference, as long as big brother protects it. You will continue get bad service, bad customer support staffs & lazy ladies at tmnet counters. -- Broederschap Der Kraaien
	permalink · 2003-12-23 10:00:52 · ·

p4r4g0n Tanstaafl Premium join:2003-06-24 Malaysia 1 edit	Where in the article is there any reference to a plea for a rescue package for Telekom? I think you misread the article. Least the CEO of Telekom seems to agree with the view of a lot of people that Telekom is in deep doo doo .... that's a good first step as opposed to the ENTIRE organisation being in denial
	permalink · 2003-12-23 11:27:34 · ·

bixantine
Hyelbaine
Premium
join:2003-03-05
Malaysia

hhhmm..i agree with that the article wasn't about asking the consumers to help telekom. it was more concentrated on why celcom wanted to be relisted again and the "old govt" mindset that we discuss here all the time. In all honesty Telekom AREN'T going bankrupt or anything like that.

It is comforting to see and read that SOME people at Telekom wants to move forward. If its going to start from somewhere, why not from the very top i guess. As for xenquan's post, except for the Ministry of Finance, the other bodies are not responsible for answering to the government.

Cheers!!!

--
==Ne tournez pas le dos à moi, je ne sera pas igno== The Blue Pill==Adventurer80==

permalink · 2003-12-23 22:13:25 · Print ·

xenquan

join:2003-12-08
Malaysia

Re: No to monopolisation!!!

Though they are not part of malaysian government connstitution but they are indirectly govern by malaysian government:)

1) Khazanah, a wholly owned company of the Ministry of Finance (Incorporated) (MOF) is the investment holding arm of the Government of Malaysia entrusted to manage the assets held by the Government and to undertake new investments.

3) The board of directors of the EPF, who are appointed by the Minister of Finance, assume responsibility for the honest and prudent management of money contributed to the fund.

4) Section 9 (1) of the Central Bank of Malaysia Act 1958 provides that the Governor shall be appointed by the Yang Di Pertuan Agong, and the Deputy Governors by the Minister of Finance. Since the Bank's inception in 1959, there has been seven Governors.

Now preparing X'mas party, Merry X'mas to everyone!