Saturday, December 15, 2018

L'Affaire Adelaide: Minister Pyne's choice of words adds to DCNS' growing Australian scandal

by Ganesh Sahathevan


In what seems to be a typically simple and comical Australian attempt at a cover-up,the Australia's Minister For Defence Christopher Pyne has decided to name his country's proposed DCNS/Naval Group diesel submarines the "Attack Class".The first of these (expected to be completed in the 2030s) will be named HMAS Attack, just so that the Australian taxpayer does not miss the point.After all, taxpayers are expected to pay an estimated AUD 220 Billion for the project.

Australia's Department Of Defence, Navy and politicians continued attempts to justify their decision to do business with DCNS has only served to confirm suspicions that the Australian deal is not very different from DCNS' Pakistan submarine contract, the infamous l'Affaire Karachi.


Meanwhile, see below what a real attack submarine project looks like:




Navy Creating Attack Sub Aggressor Unit to Train to Fight Against Russia, China



Virginia-class fast-attack submarine USS Missouri (SSN-780) on May 31, 2018. US Navy Photo
ARLINGTON, Va. — The U.S. Navy submarine force is creating an aggressor squadron as one initiative to ensure all subs are combat-ready as the service trains to take on China and Russia, the commander of Naval Submarine Forces said on Wednesday.
Vice Adm. Charles Richard, who took command in August, drew attention during the change of command ceremony by telling the force to “prepare for battle.”
He has backed up those words with actions in the months since, moving ahead with a plan – updated in March to reflect the National Defense Strategy – that includes refocusing training and certification on combat and developing new tools and concepts to support high-end warfighting.
The plan – called the Commander’s Intent for the United States Submarine Force and Supporting Organizations – led to an overhaul of training for the attack submarine force, Richard said today while addressing the Naval Submarine League at its annual conference.
“We have restructured and retuned the fast attack training period to ensure that we’re ready for that high-end fight, including restructuring what we used to call the Tactical Readiness Evaluation, and it is now a Combat Readiness Evaluation to ensure we’re focused on warfighting,” he said.
“We’ve updated the deployment certification process to eliminate duplication, put the right focus in the right place. I’ll tell you that I am driving to put competition in everything we do inside the submarine force. I want to produce winners and losers just like we do in battle; it does you no good to be at standards if your opponent is more at standards than you are. You still lose, and in this competition, you may not come home.”
The new aggressor squadron fits in with the desire to create more high-end sub-on-sub competitions and ensure the Navy is ready to win. Richard said the plan mimics what the naval aviation community has at “Top Gun.”

Vice Adm. Charles A. Richard, the incoming commander of Submarine Forces, walks through the side boys during the Submarine Forces change of command ceremony aboard the Virginia-class fast-attack submarine USS Washington (SSN-787) in Norfolk, Va. on Aug. 3, 2018. US Navy Photo
Navy spokeswoman Cmdr. Sarah Self-Kyler told USNI News at the event that, unlike Top Gun, the squadron won’t have its own submarines dedicated to training the squadron and fighting other submarines in training events. Instead, the squadron will include a yet-to-be-determined number of personnel – which Richard said would include active and reserve sailors and civilians – and that personnel would get to work with submarines and sub crews as allowed by operational and training schedules.
Richard, calling the new group “a cadre that does nothing but emulate red in all of our training and certification exercises, said “we’re taking a page from naval aviation and we’re establishing an aggressor squadron with a team that will become experts in employing our adversaries’ potential capabilities and then set them up to be able to go head-to-head with our units so that we’re always training against what we think is the highest fidelity simulation I can give them in terms of what they might be able to expect when they go into combat.”
The Commander’s Intent plan also outlines an Undersea Rapid Capability Initiatives (URCI) program that Richard said not only delivers “stuff” but also concepts of operations, tactics, maintenance strategies and more.
“I can’t go into a lot of detail given the nature of the work – it is classified – but I am able to tell you that we are working on 26 major future projects, including the Navy’s number-one priority of strategic deterrence; 13 URCIs; 11 operational initiatives; and a series of advanced workshops and military exercises designed to expand our capabilities in the undersea domain. We are pursuing next-generation weapons, multi-domain sensors, comms systems, navigation aids, and unmanned and autonomous technologies. In some cases, these capabilities are revolutionary and will inform future programs of record.”

Los Angeles-class fast attack submarine USS Hampton (SSN-757) during Ice Exercise (ICEX) 2016. US Navy Photo
On the hardware side of this rapid development, Richard highlighted the work the Navy’s Digital Warfare Office is helping them do to move full speed ahead with “the employment and naval application of artificial intelligence and machine learning.” He also cited DARPA and the Office of Naval Research and their work with prototypes of unmanned systems and advanced sensors that have made significant progress in development and testing in just the past couple of years.
Lastly, he cited the ingenuity of the fleet in embracing additive manufacturing as a means of boosting readiness and helping reduce their logistics footprint.
“Onboard our submarines, we are embracing the future of at-sea maintenance and repair. We are actively experimenting with additive manufacturing and working expediently to provide this capability to all of my ships – all of my boats will get 3D printers in the near-term,” Richard said.
He noted that SUBSAFE standards would still apply but that the printers could still prove to be a useful asset to the crews. The crew of attack submarine USS Virginia (SSN-774) bought their own 3D printer and “in using that, built themselves a part at sea and helped keep their boat on deployment. It is that type of initiative and problem-solving that happens daily across the force.”

Wednesday, December 12, 2018

Tabung Haji bleeding billions in cash -Evidence from TH's audited cash flow statements has been available since at least 2016

by Ganesh Sahathevan






by Ganesh Sahathevan 

This report and others like it confirm what was reported by this writer (who was then promptly condemned as an ignorant infidel) on 5 February 2016 :
PAS president Datuk Seri Hadi Awang (pic) has urged Lembaga Tabung Haji (TH) depositors not to withdraw their savings hastily from the financial institution concerned.
He said, although a mistake was made by the previous administration of TH, it was not appropriate if there were some depositors who wanted to do so because the role of the institution was also to take care of the welfare of those going for the haj and and not solely focused on the economic sector.
"Not apt (to withdraw savings from TH) because what is important is to repair TH. Don't throw out the baby with the bathwater. If there is a mistake (in the TH administration), we correct it,'' he said in the ‘Bicara Minda' programme organised by Sinar Harian here Wednesday (Dec 12).


Now read on:






First Published  On Sahathevan Blog On 5 February 2016

by Ganesh Sahathevan

The following figures (in  Ringgit million ) have been extracted from Tabung Haji's audited financial statements for the relevant years.  The  figures are from the cash flow statement, not the profit and loss,for the cash flow statement gives a better picture of how much cash a business has gained or lost. In that way it is  more a  objective assessment of a business' performance,for profit and loss numbers are easily manipulated.
These numbers show how much cash TH has mostly lost from its ordinary business operations.
The "Group" column is a consolidated figure ,summing up cashflow from operations of all the companies TH controls.The "Tabung Haji" column shows what Tabung Haji earns on its own, without counting the companies it controls.
We usually look at the Group figure to provide a better overall view of the business,and in this case one can see that in the past 4 years, the Tabung Haji Group had a positive cash flow from operations in only 2013.In all other years it has lost billions in cash.


Net cash used in operating activities
Group Tabung Haji
2011
-1 767 361
-1 150 025
2012
-1 354 224

-1 863 515
2013
205,63 -1 335 595
2014
-2 268 827 -1 108 847


However, in the case of Tabung Haji the Group figure is not so useful for there is no guarantee that TH can draw on the cashflow of Group companies to meet its financial obligations ie its obligations to depositors who can at anytime demand their money.
As shown in the table above, TH has been losing billions in  cash over the past four years.
While its overall cash position might be positive, this is due to borrowing, sale of investments, property and the like. That can never be the basis for a any business, particularly one that has immediate demands on cash from depositors.
In any case, a large significant deficit of cash from operations will ultimately impair any business' ability to raise funds,and will push it into disposing  assets at fire sale prices.
END 




Friday, December 7, 2018

Singapore's mobile Giraffe radar system a potential intrusion into Malaysian airspace

by Ganesh Sahathevan


The current debate about the intrusion of Singapore's aircraft navigational systems into Malaysia ignores the complications that can arise from Singapore''s use of its Ericsson Giraffe 100 radar station.

Being mobile platforms there is the potential that these units may cause something called "ghost noise" that can interfere with Malaysian civilian and military radar systems when deployed in areas close to the Causeway and border.

"Ghost noise" occurs due to interference with radar signals from ground based radar transmitters.

For example ghost noise,, which corrupts radar images, has been observed in radar images of the area around St John's Island, south of Singapore, where there has been a radar installation since at least 1997.

The latest version of the Giraffe system has a range of 75 km.It is more likely than not to interfere with Malaysian radar systems when deployed.
END

Saab’s Giraffe 1X Radar Offers a Man-Portable 75km Detection Range

Saab’s Giraffe 1X ground-based radar is the ultimate gap filler, providing airspace commanders with the capabilities needed to maintain continuous and accurate air situational awareness.
With a surveillance-on-the-move capability, the awareness stretches even further. Forces will stay safer even when on the move and a situational awareness can be achieved at all times without any deployment time or any person having to be exposed to outside threats during deployment.
For mobile forces out in the battlefield, air situational awareness is critical. The threat can consist of rockets, mortar, unmanned aerial systems, missiles or asymmetric attacks from terrorist groups. Saab’s lightweight, compact Giraffe 1X can be handled by one single operator.
“Our new radar solutions, including Giraffe 1X, use digital technology with flexible software. Software-based solutions are instantly upgradeable and require fewer components, which means the radars can be built smaller and lighter”, says Daniel Forsberg, marketing director India within Saab’s market area Asia Pacific.
Providing reliable protection for the forces and assets is even more important in high-risk situations. This requires a flexible and agile radar which can be located close to the combat area. Saab’s Giraffe 1X is lightweight and designed for easy integration on any type of platform. This means that the complete radar can be transported for example on a pickup truck or a helicopter, or it can be towed on a trailer. Its flexibility and compactness mean Giraffe 1X can be easily relocated even by means of manpower only. For example from a vehicle to the rooftop of a building, making it ideally suited to the rapidly changing needs of mobile forces.
Giraffe 1X can be operated both remotely and locally, and it can either be installed on a building or mast or integrated into a suitable vehicle. Giraffe 1X is a 3D Active Electronically Scanned Array (AESA) radar, featuring the latest in radar technology, including Gallium Nitride (GaN) circuits.
Giraffe 1X forms part of Saab's Mobile Short-Range Air Defence (MSHORAD) solution – comprising the Giraffe 1X, C2 and RBS 70 NG Remote Weapon System (RWS) it enables moving units to identify and counter air threats quickly and effectively.
The MSHORAD solution is designed to complement existing defence by filling the gaps in long-range radar coverage created by terrain obstacles. It acts as a protective shield, scanning the battlefield to find and identify a threat, then coordinating the necessary action to remove the target. As an entire package, MSHORAD provides a solution that increases survivability and supports domain sovereignty in conflict zones.
Saab offers a full range of high-performance radar systems for a multitude of applications and mission types within the naval domain and for weapon locating, air surveillance, and ground-based air defence.
Giraffe 1X is on display at Saab’s stand at Defexpo in Chennai, India 11-14 April 2018. Please visit us in Hall 3, Stand 2.1A.
For further information, please contact:Saab Press Centre, 
+46 (0)734 180 018
presscentre@saabgroup.com
Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.






Friday, November 30, 2018

Petronas & Vitol: Why, How Much, And Petronas Must Make Contracts Public



by Ganesh Sahathevan


Petronas recently announced that it entered into a 15 year LNG  sale contract with Vitol, one of 

The deal seems odd for Petronas as a national oil company (NOC) has rights ,access and financing that the likes of Vital and even the majors can only dream of. The LNG will come from Petronas' long delayed Canadian Kitimat project, where Petronas' JV partners have rights to product in exchange for their investment. 

Petronas has a 25% stake, and it is hard to understand why Petronas needs the likes of Vital to sell the LNG.Quite apart from direct contact with NOCs around the world, Petronas has trading hubs in ,among others, Singapore and the UK.

In the spirit of New Malaysia, Petronas needs to explain why this deal with Vitol is necessary.
END

















Petronas, Vitol Asia inks LNG supply deal

OIL & GAS


Thursday, 29 Nov 20188:05 PM MYT





KUALA LUMPUR: Petronas, through its subsidiary, Petronas LNG Ltd (PLL), signed a binding heads of agreement on Oct 1, 2018, with Singapore-based Vitol Asia Pte Ltd for a long-term liquefied natural gas (LNG) supply deal.

The supply to Vitol Asia would commence in 2024 for up to 800,000 tonnes per annum with a period of up to 15 years on both delivered ex-ship and free-on-board basis.


“The primary supply to Vitol will come from LNG Canada and other PLL's global LNG supply portfolio. LNG Canada is a major LNG project located in Kitimat, British Columbia, Canada, where Petronas is one of the joint venture participants with an equity holding of 25%,” it said in a statement today.

Canada is Petronas' second largest resource holder after Malaysia, with vast unconventional oil and gas resources in North Montney.


Meanwhile, Petronas LNG Marketing and Trading Vice-President Ahmad Adly Alias said Petronas was able to provide flexible solutions within a changing and evolving LNG market due to its strong global supply portfolio.

“Petronas is pleased to sign this long-term LNG supply deal with Vitol and hopes that it will continue to enhance the long history of business collaboration with the Vitol group,” he said.

Vitol LNG Head Pablo Galante Escobar said Petronas supplied the company's first LNG cargo in 2005 and the company has now extended its LNG relationship until at least 2038.

“We are also committed to the long-term development of the LNG market and its evolution to become a more flexible and tradeable commodity.

"This supply deal with Petronas will further strengthen our ability to offer reliable and flexible LNG solutions to customers, worldwide,” he added. - Bernama


Read more at https://www.thestar.com.my/business/business-news/2018/11/29/petronas-vitol-asia-inks-lng-supply-deal/#55wsK8Bbd22d4VEm.99

Wednesday, November 21, 2018

Reposting :Deloitte admits it missed billions in fraudulent 1MDB transactions-Will Deloitte International go the way of Arthur Andersen

by Ganesh Sahathevan


Image result for deloitte

The Star reported:
Member of Parliament for Kepong Lim Lip Eng has asked the Malaysian Institute of Accountants (MIA) on the status of its investigation of Deloitte Malaysia over its handling of the audit of 1Malaysia Development Bhd (1MDB).
Speaking to reporters in Parliament where he had earlier posed a question to the Ministry of Finance on the role of Deloitte in the 1MDB scandal, Lim said that top executives of Deloitte had defended its work when they testified to the Public Accounts Committee in 2015."We all know now that these defences were false. We call upon MIA to take action," said Lim. 
Mr Lim makes his demand in a very different 
context from that which existed in 2016 when the story below was published. Deloitte in Malaysia as well as the international partnership can no longer be assured that it will have the Malaysian Government on its side.\\

END







JUL
28

DOJ info would have impacted 1 MDB audit, Deloitte says-Deloitte admits it missed billions in fraudulent transactions-Msian partnership might take international firm the way of Arthur Andersen 

Looks  like Deloitte will join KPMG:

DOJ info would have impacted audit, Deloitte says

     37 comments     Published Today 11:57 am     Updated Today 12:57 pm

    Deloitte Malaysia said its audit of 1MDB in 2013 and 2014 would have been impacted if it had known at that time the information contained in the United States Department of Justice's (DOJ) lawsuits to seize 1MDB-linked assets.
    As such, 1MDB's 2013 and 2014 financial statements, which the auditing firm signed off on March 28, 2014 and Nov 5, 2014, "should no longer be relied upon", it said in a statement.
    "The complaint (filed by DOJ) contains information, which, if known at the time of the 2013 and 2014 audits of 1MDB, would have impacted the financial statements and affected the audit reports and, accordingly, those audit reports issued by Deloitte Malaysia dated March 28, 2014 and Nov 5, 2014 respectively in connection with the 2013 and 2014 financial statements of 1MDB should no longer be relied upon," Deloitte said in a statement.
    This comes after 1MDB announced that Deloitte is quitting as 1MDB's auditor, making it the third audit firm to part ways with 1MDB since its inception in 2009.
    Deloitte notified 1MDB of its intention to quit in February, the state investment said in a statement yesterday.
    Deloitte remains 1MDB auditor until a replacement is appointed, 1MDB said.
    1MDB's accounts from 2010 to 2012 were audited by KPMG, but the firm's services were terminated in December 2013.
    According to the Public Accounts Committee report on 1MDB, KPMG was fired after it refused to sign off on the accounts without details of investments worth US$2.32 billion.
    KPMG signed off on the accounts after Abu Dhabi's International Petroleum Investment Compny guaranteed an investment, the PAC report said.
    The Wall Street Journal reported another audit firm Ernst & Young was fired in 2010 for raising similar questions.
    The DOJ is seeking to seize more than US$1 billion of assets it said were purchased using funds siphoned from 1MDB.
    The 1MDB board yesterday said it is confident of no wrongdoing.
    However, it is taking precautionary measures by discounting its 2013 and 2014 financial statements until the DOJ lawsuits have been dealt with in court.

    Friday, November 16, 2018

    Malaysian Bar Council "menu" candidate Roger Chan continues to stonewall queries about his promotion of an Australian "Practical Masters", despite obvious problems

    by Ganesh Sahathevan


    The current secretary of the Malaysian Bar Council ,Mr Roger Chan, has put himself up for election as part of a "menu",reminiscent of  that ill-fated 1990s "Team Wawasan":


    Meanwhile  he and the current  Bar Council Executive have maintained a stony silence with regards their promotion of an "applied masters" offered via Sydney's College Of Law. Being offered out of Sydney  local approvals from Malaysia's Ministry of Education may not be required,but that sounds like too clever a scheme.

    The Australian  College Of Law “ Practical LLM” is based on the Practical Legal Training course . It survives to this day due to government support.
    Lawyers in Sydney refer sarcastically to the College Of Law as the "College Of Knowledge".

    Students at the College tend to be careful about what they say for fear of being denied admission to practice ,as this writer discovered,but that is a story for another day.

    Nevertheless, in 2006 some did speak to local industry paper  Lawyers Weekly.This is what they had to say:

    In a report on practical legal training (PLT) this week, Lawyers Weekly reveals that some students feel that a $6,000 fee could be lessened and considerable time saved if PLT was actually more practical, with more hands-on hours. One student, who wanted to remain anonymous, said his PLT course offered him little that he could not have picked up in a law firm.
    Now working part-time in a firm, our source said he is being exposed to many things he did not encounter during his PLT. “You can only learn so much in the theoretical sense. On my first day of work I had to write an affidavit for a man who’d punched his wife out. It was totally different to be doing this on real cases. If I hadn’t done college, I don’t think it would have been that much different. Maybe I would have had to ask the partners a couple more questions, or looked at a few more websites. But I don’t think that’s enough to warrant a $6,000 fee,” he said.
    “I drafted forms and affidavits in college. But I didn’t get a real idea about what it was about until I worked, and got this job. Maybe that says I wasn’t sufficiently involved in the learning process. But I still maintain that you have to be in the law to learn from it,” he said.
    It would be more useful to have internships within law firms, so that students can really understand what it is like to work in private practice, our source claimed. “I think three internships would be much more effective. Many people I study with agree with me. Most of my peers online think [the course] is a real hassle. 
    “You can’t teach practical application in an educational institution. Universities should have a system where you can do many internships… When it is taught by professionals, rather than on the job, you are losing an essential part of the learning process,” he argued.
    “My solicitor friends say that some things are quite important to do in college, such as trust accounting. But, on the whole, it isn’t the kind of diploma that is giving you a great deal of hands on knowledge. Ninety per cent of what I have learnt so far I learnt through work experience,” he pointed out.
    Stephanie Booker, another PLT student, questioned whether ‘practical legal training’ is an accurate term. “[My course] certainly taught me where to look for things that I may need — rules, areas of law... As for helping me to apply these rules, there is a huge difference between the reality of my workplace and the comfort of my PLT course. For example, I find that the way I draft letters for [my course] is not acceptable in my workplace, and vice versa.”

    END 


    Reference 


    FACULTY

    Programme Director: James Jung

    Further faculty to be appointed






    Saturday, August 18, 2018

    YA Daryl Goon , the Malaysian Applied Law LLM ,and YAA Richard Malanjum

    by Ganesh Sahathevan





    MASTER OF LAWS (APPLIED LAW) IN MALAYSIAN LEGAL PRACTICE





    This writer has spent much time this week, and the last praying that the newly appointed Yang Ariff Daryl Goon might condescend to explain why he has has endorsed something called the Master of Laws (Applied Law) in Malaysian Legal Practice.

    Goon has been asked to explain given the fact that this LLM (and indeed no others) have been approved by the Legal Profession Qualifying Board..

    The Malaysian Bar Council seems to have played some part in promoting the course (see below) but its President and Secretary have refused numerous requests for information about what

    approvals if any the Malaysian Bar Council had obtained to promote the course in Malaysia.


    The course website , hosted by the private college in Australia that manages the course (with a faculty of one person) shows prominently the Bar Council's logo. YA Daryl Goon is listed among its advisers.


    The private college also claims that it produced in 1985-86 the first group of "elite" law graduates from MARA who were admitted to practice in Malaysia. This does come as a bit of surprise to this writer and others like him who know and know of Malaysian lawyers who graduated from MARA in the 1970s. In the latter category (for I do not know him personally) is the current Chief Justice , YAA Tan Sri Richard Malanjum, who graduated in 1973.
    One hopes that the newly minted YA will at least have an explanation for his YAA.


    END






    The questions (see below) remain despite this promotion by the Bar Council Malaysia:

    e

    Circular No 147/2017
    Dated 11 July 2017n
    To Members of the Malaysian Bar
    Providing Assistance to The College of Law, Australia | Development of Localised Master
    of Laws Programme
    The Bar Council Malaysia has signed a Memorandum of Understanding with The College of
    Law, Australia and New Zealand in order to create further legal education and training platforms
    for the benefit of Members of the Bar.
    In this regard, The College of Law is interested to localise the content of its existing Australian
    Master of Laws (“LLM”) in Applied Law programme for Malaysia, and is interested in working
    with Members of the Bar who have relevant legal research and writing, and practical legal
    experience. This is to be carried out on a project basis, and the Members will be remunerated.
    The first six subjects in this new LLM programme are near completion and will be offered in
    September 2017 as part of a new LLM (Applied Law) with a major in Malaysian Legal Practice.
    The next 11 LLM subjects that The College of Law is interested in localising are listed below:
    (1)
    Advocacy;
    (2)
    Alternative Dispute Resolution Practice;
    (3)
    Arbitration.
    (4)
    Banking and Finance;
    (5)
    Family Law Practice;
    (6)
    Intellectual Property Practice;
    (7)
    Islamic Banking and Finance;
    (8)
    Mediation;
    (9)
    Mergers and Acquisitions Practice;
    (10) Negotiation; and
    (11) Wills, Estates and Trusts.
    If you are interested in pursuing this opportunity, please send your expression of interest together
    with your detailed resume and any queries, directly to:
    Peter Tritt
    Director | Asia-Pacific
    The College of Law Australia and New Zealand
    Level 23, Nu Tower 2
    Jalan Tun Sambanthan,
    50470 Kuala Lumpur
    Email: ptritt@collaw.edu.au
    Mobile: +6013 305 7660
    Thank you.
    Roger Chan Weng Keng
    Secretary
    Malaysian Bar