Friday, May 31, 2024

AsiaMobiliiti: The LORD is its shepherd; its shareholders shall not want., but did George Soros provide the funds : Founder Premesh Chandran is an Executive Director of Soros Open Society

 by Ganesh Sahathevan 


by Ganesh Sahathevan 






AsiaMobiliti  has been in the news recently given its Selangor Government contract, awarded without an open tender, a scandal complicated by the fact that co-founder Pastor Ramachandran Muniandy is also husband to DAP MP and fellow evangelical Hannah Yeoh.

The company's technology is nothing out of the ordinary,and hence how it might have been funded remains a mystery. Having said that , the other founder, and chairman, Premesh Chandran, is also founder of Malaysiakini (together with Steven Gan). However, Malaysiakini iis not what one might call a cash cow. Funding by donation ,while existing shareholders remain undiluted and unburdened by debt, remains  part of their business model. 

That George Soros' Open Society is a funder has been a matter of fact, specualtion and denial by Premesh Chandran, over the years (see articles below). However, Premesh is today an Executive Director of Soros' Open Society. which suggests that his and Malaysiakini's links to Soros are deeper than previously believed. 

AsiaMobiliti, like other mobility sharing companies, is likely to be built on a data collection and sale cash flow model (which is likely to be the case with Malaysiakini) and it is easy to see why that might be of interest to an investor and activist like Soros. That AsiaMobilit like Malaysiakini is being backed by Soros, and not the providence of The Lord as evangelicals like to impress  on others, is not unlikely. 


END 







http://www.malaysiakini.com/info/about.php?t=malaysiakini

Malaysiakini.com is owned and operated by Mkini Dotcom Sdn Bhd, a
private limited company incorporated in July 1999.

Mkini is a digital media company, focusing on Internet and other
interactive media technology and information services.

Mkini's vision is to be the leading digital media company in Malaysia,
providing content services over all platforms (Internet, broadcast,
and print) as well as the technology for multi-platform content
delivery.

Mkini pioneered independent online news in Malaysia, launching
Malaysiakini.com in November 1999. In February 2002, Mkini launched
the first Internet pre-paid card E-coupon, as payment method for
subscription to Malaysiakini.com. Mkini also pioneered the use of SMS
for subscription payment.

The Directors of the company are the founders of Malaysiakini.com
Steven Gan and Premesh Chandran.

Mkini's paid up capital is RM 4,514,939. The directors each hold 30.1%
equity in the company. Venture fund Media Development Loan Fund holds
29.1%, whereas the balance 10.6% equity is held by individuals, staff,
former staff or retained in the Employee Share Incentive Scheme.

Mkini's income for 2003 totalled RM 947,000 made up from Malaysiakini
subscription (29%), Conferences, Merchandising & Projects (20%),
Advertising and Technology (7%), Donations (3%) and Grants and Awards
(41%).

Affiliated companies include Myonehost (M) Sdn Bhd, a web hosting
joint venture and fully owned Ad Ez Media Sdn Bhd, which focuses on
interactive advertising and web application development.



Published:  Mar 2, 2001 2:24 PM
Updated: Jan 29, 2008 9:21 PM

Malaysiakini today refuted allegations made by its former news editor Chong Yen Long that the independent news portal received funds from international financier George Soros through the Media Development Loan Fund (MDLF).

Malaysiakini chief executive officer Premesh Chandran in a press statement this evening said the allegations were "entirely baseless".

"We once again strongly deny that malaysiakini has any direct or indirect link with the Soros-funded Open Society Institute,"said Chandran.

Chong, in an interview with national news agency Bernama , alleged that malaysiakini received RM188,000 from the MDLF which he "believed to be well-funded by Soros."

Chong, whose resignation was effective yesterday, had said that he was going public because the MDLF funding was kept secret from senior staff like him after international news magazine Far Eastern Economic Review incorrectly reported on Feb 1 that malaysiakini 's received funds from Soros.

ADS

Chong said that he was "uncomfortable with the lack of urgency in malaysiakini 's administrators to clarify the company's link with MDLF and Soros".

He also said that the information was finally released at a company meeting on Feb 17, adding that he felt a "high sense of being let down".

Technology investment

ADS

In his statement, Chandran explained that the funding of RM188,000 mentioned by Chong was a payment made by the Centre for Advanced Media, Prague (C@MP) and was a business deal between malaysiakini 's technology arm Kini Technologies and C@MP to develop open source software for C@MP as part of its software application group C@MPW@RE.

He added that one such application in the process of development is called Adengine , an integrated online advertising engine that will power various forms of online advertising including banners, classified and directory ads, discount coupons and other new online ad formats.

Malaysiakini disclosed this fact in our report on our annual accounts for the year 2000, released last Tuesday," he added. (See [#1] Accounts 2000 [/#]).

Chandran said C@MP is the technology arm of venture capitalist MDLF, which does has among its 20 funder organisations, the Open Society Institute funded by Soros.

No link to speculator

"However, following the Soros controversy last month, we have been assured in writing by C@MP project director Martin Hala that none of the funds for the software development project originated from the Open Society Institute," said Chandran.

He said that malaysiakini had always implemented a policy of transparency and accountability.

"The very fact that we disclosed the matters above to all malaysiakini staff, including Chong, at our quarterly company meeting shows our commitment to these policies. We stated very clearly at the company meeting that we have been assured by C@MP that there is no link between our business deal with C@MP and funds from the the OSI," said Chandran.

ADS

Chandran said that Chong had chosen to ignore these facts entirely and had instead come up with his own interpretation of the matter.

"We believe that his resignation was related to other disagreements with malaysiakini management, including his unhappiness over his pay rise," he added.

Soros controversy

The Soros controversy started when Review , stated in an article titled 'Leveling the Field' in its Feb 8 edition that malaysiakini was among the media organisations in Asia which received funds from Soros.

Chandran had then immediately issued a press statement stating that the Review 's report was not true.

The inaccurate detail appeared in the introduction to an interview with Soros conducted by Review 's Nayan Chanda in Davos, Switzerland on Jan 28.

Both the Southeast Asian Press Alliance (Seapa), from which malaysiakini received a grant, and Soros' Open Society Institute issued statements that malaysiakini was not a recipient of any funds from the American financier.

Review carried a clarification on its website but it was described as "inadequate" by Chandran as it suggested that malaysiakini received funds indirectly from Soros, which was not the case.

Chandran said that malaysiakini , launched in November 1999, was financed from a mix of different sources, including grants from the Bangkok-based Seapa, a regional network of journalist organisations.

Soros, a notorious currency speculator, was blamed for causing the 1997 Asian financial crisis.

As a result, he was labelled as a "moron" by Mahathir. Soros has used part of his wealth to fund charity projects around the world through his Open Society Institute.


Friday, May 24, 2024

Blackrock's portfolio will soon include 17 STOL airstrips located in and around the South China Sea

 by Ganesh Sahathevan 




US investment company Blackrock's portfolio of assets is likely to soon include 17 Short Take Off And Landing (STOL) airstrips and airports. The deal is likely to go ahead despite some local opposition, given Blackrock's investment in arms manufacturers that BDS proponents say are supplying Israel. 


The deal which  involves Blackrock acquiring an indirecrt  stake in Malaysian Airports Holdings Bhd via its soon to be wholly-owned subsidiary GIPS,  will nevertheless provide management control. In the words of GIPS CEO Bayo Ugenlesi:

 “We are delighted to partner with Khazanah, EPF and ADIA, with whom we have strong and productive strategic relationships, as part of this offer for MAHB. Given GIP’s substantial expertise in owning and operating airports, together with our partners, we can focus on improving customer service, elevating operational excellence, growing passenger volumes and enhancing employee engagement. We look forward to working with our partners to build a bright future for Malaysia, MAHB and all stakeholders.


MAHB's airports include 17 Short Take Off And Landing (STOL) airstrips located in and around the South China Sea. 

END 

Thursday, May 23, 2024

In 2005 Anwar Ibrahim assisted by SBS Dateline's George Negus , declared that he had nothing to do with terrorism.In 2024 as Prime Minister Malaysia he is happy to declare to the world that he supports HAMAS 

 by Ganesh Sahathevan 



                                                                   

Anwar Ibrahim and Malaysia's defiant support for HAMAS and Anwar's IIIT funding of Palestinian Islamic Jihad further complicated by Palestinian Islamic Jiihad's custody of two Israeli October 7 hostages

In 2005 Anwar Ibrahim assisted by George Negus declared that he had nothing to do with terrorism, in 2024 as Prime Minister Malaysia he is happy to declare to the world that he supports  HAMAS.

Negus, who  was then SBS Dateline anchor, was intent on disproving a SBS Dateline story from October 2003 which clearly linked Anwar Ibrahim and his IIIT to the financing of jihadis, and in particular Palestinian Islamic Jihad which is holding an unknown number of October 7 hostages.

Negus was given every opprtunity to explain his actions, but refused, apparently confident that management then led by Chief Executive Shaun Brown would defend his actions, as he did before a Senate hearing. 


TO BE READ WITH 



Archives - March 16, 2005
Anwar Ibrahim Interview
Anwar Ibrahim is arguably one of South-East Asia's most celebrated jailbirds. Before his unexpected release last September, he had spent five years locked away in a Malaysian prison after being found guilty of corruption and sodomy. But the most astounding thing about all this is that at the time he was sacked and tried, he was his country's deputy prime minister and being widely touted to succeed his mentor, Dr Mahathir Mohamad, as Malaysia's next leader. Many observers, of course, still believe that Anwar was set up by the vocally anti-Western Mahathir. About 18 months ago, this program aired claims alleging links between Anwar and international Muslim organisations suspected of funding terrorism. George Negus recently caught up with him via satellite from the UK and put those allegations to him.
  8:40 secs  


GEORGE NEGUS: Anwar Ibrahim thanks for joining us on Dateline. Can I put to you allegations that were put to air on this program in relation to yourself to give you an opportunity to reply to them. In 2003 we alleged on this program that the International Institute of Islamic Thought - of which you are a director or were you director? Is that true?

ANWAR IBRAHIM, FORMER MALAYSIAN DEPUTY PM: Yes.

GEORGE NEGUS: You still are a director of the IIIT, as it were?

ANWAR IBRAHIM: I'm still very closely involved because - although in the last six years when I was in prison I was unable to contribute or participate in the activities. But the allegations must be substantiated. The IIIT, as you call it, together with the Muslim-Christian Understanding at the Georgetown University was set up initially to promote a better understanding of Islam in the West.

GEORGE NEGUS: You deny emphatically that there are any links between that organisation and terrorist organisations?

ANWAR IBRAHIM: The allegation was malicious, certainly dictated by some business interests or personal vendetta or even ideological bias. I cannot ascertain. But certainly I have advised them to take appropriate legal action.

GEORGE NEGUS: But you do deny there was any link between that institute...

ANWAR IBRAHIM: Of course, I clearly deny this and call upon authorities to investigate and prove their case. This is a very dangerous trend. All Muslims are suspects. And this sort of bias or prejudice should not be tolerated.

GEORGE NEGUS: So what about the World Assembly for Muslim Youth of which you are a trustee - am I right?

ANWAR IBRAHIM: No, I was involved as an Asia-Pacific representative about 15, 20 years ago. This was an organisation set up in Riyadh, in Saudi Arabia, back then by the Saudi authorities and I have found no evidence - in fact there were activities even in Australia, in Malaysia, Indonesia and the Far East, essentially to promote a moderate understanding of Islam. What is disgusting to my mind is after 9/11 all Islamic activities, though clearly in their policies against any extremists or fanatical or certainly against those who perpetuate any semblance of violence, they are all roped in.

GEORGE NEGUS: So you don't have any association with that assembly now and you don't believe it has any links with terrorism?

ANWAR IBRAHIM: I was involved at the time. I defend its programs and activities and it has no links - not only no links, we were clearly - we were clear in our resolve against any extremist trends. I'm not involved now, but I don't believe they were involved in any links, unless they can substantiate the allegations or provide evidence to the effect.

GEORGE NEGUS: You are now seeing yourself possibly acting in the role as a mediator between Islam and the West. What kind of Muslim would you describe yourself as - as a nominal Muslim, a moderate Muslim, a fundamentalist Muslim, a progressive Muslim or an extremist Muslim? What kind of Muslim is Anwar Ibrahim?

ANWAR IBRAHIM: Well, there are moderate Muslims who are prone to corruption and repressive in their actions. There are reasonable Muslims who are part and parcel of the entire extremist network. So I intend to just promote an understanding of Islam as what I believe Islam stands for. It does not matter how I am being described. Certainly the normal distribution attributed to me has been a moderate face of Islam and I have no objection to that.

GEORGE NEGUS: Fair enough so how would you react then - could you ever find yourself condoning or sympathising with terrorism in any form or suicide bombings, for instance?

ANWAR IBRAHIM: My position is emphatic. In fact, I have been criticising Muslim leaders and scholars for their muted stance against terrorist activities. The Muslims must take a position - a bold, pronounced position - against not only the perpetrators of violence but purveyors of the ideology of violence.

GEORGE NEGUS: Could you agree with some even moderate Muslims who believe that the United States is carrying out a war against Islam.

ANWAR IBRAHIM: Well, I don't believe the US is waging a war against Islam. But I think the Administration must be humble enough to accept the fact that some of their pronouncements, some of their actions, have led to this perception and this needs to be corrected.

GEORGE NEGUS: You can't re-enter Malaysian politics until 2008 unless you're pardoned or your sentence is quashed, your charges are quashed. What are you going to do with your time? Are you going to be a full-time mediator? Are you going to attempt to create the dialogue that you talk about between the West and Islam?

ANWAR IBRAHIM: I'm not presumptuous in my role. I'm not claiming myself to be a mediator, but certainly I have been engaging actively with the West, with those in the Administration in the United States or my friends in academia, in organisations both Muslims and Christians and Jews, and I think much more needs to be done in this direction. But so far as Malaysian politics is concerned, I will return. I have the authority of - the Government have used the courts to bar me from being active. Notwithstanding that, I will remain a very active player in Malaysian politics.

GEORGE NEGUS: What do you think will happen if you do try to re-enter Malaysian politics? Could it become a test of Abdullah Badawi's reign as leader of your country that he does allow you to take part in Malaysian politics?

ANWAR IBRAHIM: Yes, he has been in office for the last 1.5 years and I have thanked him precisely for his not interfering in the work of the judiciary, although it is just a beginning. You know, the judiciary in Malaysia is still under the thumbs of the executive. There's no decision that can be made independently. We consider them lame ducks using the paraphernalia of office and the sophistication of due process, which means that a lot needs to be done. Similarly with the issue of corruption, it is still a major problem in Malaysia and nothing has been done. Look at the media. I can, of course, have an interview with you. But no way can we have any access to the print or electronic media in Malaysia.

GEORGE NEGUS: You're sounding very much like a politician, as you always were, and have been even in jail. What do you think...

ANWAR IBRAHIM: George, these are fundamental issues for a modern civilised state.

GEORGE NEGUS: But if you've become a threat to Badawi in the same way you became a threat, it would appear, to Dr Mahathir, couldn't you find yourself in exactly the same position, ironically, that you did six years ago?

ANWAR IBRAHIM: Well, I don't have a choice.

GEORGE NEGUS: Anwar Ibrahim, you went into jail almost six years ago as a politician. You've clearly come out of jail still very much a politician. Thank you for talking to us.

ANWAR IBRAHIM: Thank you George.

GEORGE NEGUS: Anwar Ibrahim – In Australia later this week, by the way, as a keynote speaker at an international conference on the war on terrorism versus human rights - as we speak, one of the most contentious issues around.