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Thursday, January 1, 2015

AirAsia Flight QZ8501 exploded in mid-air?

It is unlikely that Indonesia AirAsia Flight QZ8501 exploded in mid-air, air crash experts say, as the first pieces of debris were spotted and some bodies recovered.



Chances are that the plane hit the Java Sea intact and broke up upon impact before plunging to the ocean floor.

The wreckage of the Airbus 320-200 was found more than 48 hours after the ill-fated flight, which left Surabaya for Singapore on Sunday morning with 162 people on board, went missing.

A search and rescue worker preparing to load body bags onto a flight to Kalimantan in Pangkal Pinang on Indonesia's Bangka island yesterday. As operations move to search and recovery, it would take weeks before the authorities and investigators are able to determine how and why the crash happened. -- PHOTO: REUTERS
A search and rescue worker preparing to load body bags onto a flight to Kalimantan in Pangkal Pinang on Indonesia's Bangka island yesterday. As operations move to search and recovery, it would take weeks before the authorities and investigators are able to determine how and why the crash happened. -- PHOTO: REUTERS

Search teams reported seeing some bodies intact.

An air force plane reportedly spotted a shadow of what looked like a plane on the seabed.
 AirAsia QZ8501 debris
AirAsia QZ8501 debris

As the operations move from search and locate, to search and recovery, it would take weeks before enough pieces of wreckage and human remains are recovered for the authorities and investigators to determine how and why the crash happened.

Critical to this is finding the plane's black boxes which record conversations in the cockpit and preserve data on the position and speed of the aircraft.

But looking at what is known so far, there are several possibilities on what could have happened.

Retired United States airline pilot John Cox, who runs his own consultancy, said: "I am now seeing doors and reports of a large section located on the sea floor which are indicators, but not conclusive evidence, that the plane was in one piece when it hit the ocean.

"If the wingtips, nose and tail are found in the same area, then it will be conclusive that the plane was intact upon impact with the water."
 AirAsia QZ8501 search areas
AirAsia QZ8501 search areas

Mr Jacques Astre, president of industry consultancy International Aviation Safety Solution, said: "The fact that the debris field is relatively small would suggest the aircraft broke up upon impact with the sea and not in flight."

If some bodies are found intact, it would suggest the same, said Mr H.R. Mohandas, a former pilot and now programme head for the diploma in aviation management at Republic Polytechnic.

Mr Astre added: "The close proximity of the debris field to its last known location also suggests the aircraft descended fairly quickly."

The area is about 10km from the aircraft's last known location over the Java Sea.

The first sign of trouble came about 45 minutes after the plane left Surabaya at 5.30am - an hour behind Singapore time - for the two-hour sector. At 6.12am, the cockpit requested permission from the Jakarta air traffic control to turn left to avoid a storm, which is common procedure when pilots encounter rough weather.

The pilot then asked to take the plane higher to 38,000 feet from its position at 32,000 feet, without explaining why.

The air traffic control decided to allow the plane to increase its height but only to 34,000 feet, because at that time another AirAsia flight was flying at 38,000 feet.

But when this was communicated to the pilot of QZ8501, there was no response from the cockpit.


Republic of Singapore Air Force (RSAF) servicemen onboard a C-130 aircraft take part in the search and locate (SAL) operation for missing AirAsia flight QZ8501 over the Java sea on December 30, 2014.--PHOTO: AFP

Data from Indonesia's meteorological agency showed slight rain in the Belitung and Pontianak areas when the plane was estimated to be flying through the vicinity, with thick cumulonimbus clouds as high as 45,000 feet.

Such clouds can produce lightning and other dangerous weather conditions, such as gusts, hail and occasional tornadoes.

Mr Mark D. Martin, founder and chief executive officer of Martin Consulting, said: "In the unfortunate event of entering a cumulonimbus cloud at flight levels between 31,000 feet and 38,000 feet, it is common to see heavy updrafts and downdrafts, icing on control surfaces which can freeze corrective pilot actions, aggressive aircraft manoeuvres and the aircraft dramatically lose altitude in excess of 5,000 feet per minute."

A similar incident had occurred in June 2009 when Air France Flight AF447 plunged into the Atlantic Ocean, leaving no survivors, during a flight from Rio de Janeiro to Paris.

Official investigations concluded that the aircraft crashed after pilots failed to react correctly to temporary inconsistencies between air speed measurements.

This was likely due to ice crystals blocking the plane's pitot tubes, which measure air speed.

Mr Mohandas said: "It is possible that something similar happened to Flight QZ8501. In their attempt to avoid extreme weather conditions, the pilots could have taken some actions, including possibly initiating a climb which requires more power.

"This coupled with adverse weather conditions, including turbulence, and possibly the formation of ice on the surface of the aircraft at high altitude, could have disengaged the plane's auto-pilot systems."

He said: "With little or no visibility and without auto pilot, you don't know what's in front of you and the crew could have become disorientated. Under such circumstances, the plane could have gone into an uncontrolled descent."

With the wreckage found, experts can start piecing together the final moments of Flight QZ8501. To the relatives of those who perished, this may bring a sense of closure but, perhaps, no relief from the pain.

karam@sph.com.sg Straits Times/ANN

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The Wealthy get wealthier

The richest people on Earth got richer in 2014, adding $92 billion to their collective fortune in the face of falling energy prices and geopolitical turmoil incited by Russian President Vladimir Putin.

 Video: http://www.bloomberg.com/video/popout/4PRJi7eqTcWSR0cwVL05iA/10.938/

The net worth of the world’s 400 wealthiest billionaires on Dec. 29 stood at $4.1 trillion, according to the Bloomberg Billionaires Index, a daily ranking of the planet’s richest.

The biggest gainer was Jack Ma, the co-founder of Alibaba Group Holding Ltd., China’s largest e-commerce company. Ma, a former English teacher who started the Hangzhou-based company in his apartment in 1999, added $25.1 billion to his fortune, riding a 56 percent surge in the company’s shares since its September initial public offering.

Ma, 50, with a $28.7 billion fortune, briefly passed Li Ka-shing as Asia’s richest person.

“I am nothing but happy when young people from China do well,” Li, 86, said through his spokeswoman in Hong Kong.

Global stocks rose in 2014, with the MSCI World Index advancing 4.3 percent during the year to close at 1,731.71 on Dec. 29. The Standard and Poor’s 500 Index rose 13 percent to close at 2,090.57. The Stoxx Europe 600 gained 4.9 percent to close at 344.27.

Two of the year’s other biggest gainers were Warren Buffett and Mark Zuckerberg of the U.S. Buffett, the chairman of Berkshire Hathaway Inc., added $13.7 billion to his net worth after the Omaha, Nebraska-based company soared 28 percent as the dozens of operating businesses the 84-year-old chairman bought over the past five decades churned out record profit.

Gates, Slim

Buffett passed Mexican telecommunications billionaire Carlos Slim on Dec. 5 to become the world’s second-richest person. Bill Gates, the co-founder of Microsoft Corp., was up $9.1 billion during the year. The 59-year-old remains the world’s richest person with a $87.6 billion fortune.

Zuckerberg, the hoodie-wearing chief executive officer of the world’s largest social-networking company, gained $10.6 billion as the Menlo Park, California-based business rose to a record on Dec. 22.

Bloomberg Billionaires Gainers of 2014
Bloomberg Billionaires Gainers of 2014

This year Facebook made headway in mobile, a business that has flourished as mobile advertising increased and marketing initiatives expanded with applications and video. Facebook’s acquisition of Instagram in 2012 for $1 billion has also been paying off: A Citigroup Inc. analyst said on Dec. 19 the photo-sharing app is worth $35 billion.

Russia Woes

Zuckerberg’s company faced a challenge in Russia, where the blocking of a Facebook page promoting a Russian opposition rally highlighted the challenges the social network faces as Putin cracks down on the Internet amid a looming economic downturn. The European Union and U.S. limited Russian companies’ access to financing to punish Putin after he annexed Crimea in March. Russia’s troubles have been worsened by the corresponding plunge in the price of oil, a bedrock of the country’s economy.

Nobody was hit harder than Vladimir Evtushenkov. Once Russia’s 14th-richest person, the 66-year-old lost 80 percent of his wealth, dropping him from the Bloomberg ranking. He was sentenced to house arrest by a Moscow court in September after a money-laundering investigation connected to the $2.5 billion purchase of shares in oil producer OAO Bashneft.

The court also ruled in favor of nationalizing his stake in Bashneft, which he controlled through publicly traded AFK Sistema. Evtushenkov’s fortune has fallen $8.1 billion, the most of any Russian in 2014.

Leonid Mikhelson has been the biggest loser in dollar terms among those remaining in the country’s 20 richest, dropping $7.8 billion since the start of the year. The 59-year-old is the chief executive officer of OAO Novatek, Russia’s second-largest natural gas producer, which fell 44 percent during the year. He has a $10.1 billion fortune, according to the Bloomberg ranking.

Western Sanctions

Viktor Vekselberg surpassed Alisher Usmanov as Russia’s richest person after Usmanov’s MegaFon OAO lost almost half its value since June. Vekselberg is worth $14.1 billion, while Usmanov fell 32 percent to $13.8 billion.

One of only a few Russians among the world’s 400 richest who gained in 2014 was aluminum billionaire Oleg Deripaska, who added $1.6 billion as his Hong Kong-based United Co. Rusal rose 122 percent. Deripaska has increased his fortune to $8.2 billion. He’s the world’s 154th-richest person.

“The reputation of Russian business in the west has become worse, and will continue to get worse,” said Stanislav Belkovsky, a Kremlin adviser during Putin’s first term who now consults for Moscow’s Institute for National Strategy, a research firm. “That means that the capabilities for Russia’s billionaires to run businesses abroad are going to decrease.”

Adelson Falls

Belkovsky says Putin will try to compensate the country’s sanctioned businessmen by giving them access to different state resources.

“The competition for resources will increase, as will the redistribution of ownership,” he said.

Russian billionaires weren’t the only ones to suffer losses. Sheldon Adelson, the gambling mogul who controls Las Vegas Sands Corp., the world’s largest casino company, fell $8.7 billion as the Las Vegas-based company dropped 25 percent.

Macau’s casinos are looking at their first down year in revenue since the market was opened to foreign operators in 2002, after China’s President Xi Jinping cracked down on corruption on the mainland and high-rollers shunned the gambling enclave. More than half of the company’s 2013 $13.8 billion in revenue comes from Macau.

Bezos, Musk

Adelson’s decline was followed by Jeffrey Bezos, the chairman of Amazon.com Inc. The 50-year-old had $7.2 billion trimmed from his fortune as the Seattle-based company lost ground in the cloud computing market to crosstown competitor Microsoft Corp.

Bezos, whose Blue Origin LLC space company won a contract in November to deploy rockets from NASA launchpads in Florida, is ranked 21st in the world with a $28.7 billion fortune. Blue Origin will develop a space vehicle that isn’t scheduled to be ready until after 2020.

Elon Musk’s space-exploration company is close to winning the certification it needs to begin deploying satellites for the U.S. military, according to an Air Force official. A contract win by Hawthorne,
California-based SpaceX would be the first since the Pentagon opened the program in late 2012 to as many as 14 competitive missions.

Musk added $2.9 billion to his net worth, most of which was the result of a 50 percent gain by Tesla Motors Inc., the world’s largest electric-car manufacturer.

Chinese Gains

China’s 10 richest people have added almost $48 billion combined year-to-date. Following Ma’s $25.1 billion gain, technology entrepreneurs Richard Liu of online retailer JD.com and Robin Li of Baidu Inc. added a combined $8 billion.

The title of Asia’s richest person could be challenged by Wang Jianlin, whose Dalian Wanda Group Co. staged an initial public offering of its commercial properties division this month. An IPO for Wanda Cinema Line Co. is planned for early 2015. Wang has a net worth of $25.3 billion, gaining $12.8 billion during the year.

Alibaba’s surge minted at least three new billionaires this year, including Simon Xie, an Alibaba co-founder and the second-biggest shareholder of the finance affiliate that owns Alipay. Xie, 44, owns 9.7 percent of Zhejiang Ant Small & Micro Financial Services Group Co., the parent of Alipay, according to company filings obtained by Bloomberg News.

Hidden Billionaires

Small & Micro CEO Lucy Peng and Jonathan Lu, CEO of Alibaba, each controls almost 4 percent in Small & Micro Financial, according to filings submitted by the company in Hangzhou. They also both own less than 1 percent of Alibaba, which made them new 2014 billionaires.

Bloomberg News uncovered 86 new or hidden billionaires who had never appeared on an international wealth ranking. Among them were the six heirs to a $13 billion Monaco fortune that were unveiled after the family’s matriarch, Helene Pastor, was gunned down in a parking lot in Nice, France, in May. The fortune spans two branches of the Pastor family, which built much of Monaco’s skyline and owns thousands of apartments in the city-state.

Carlos Pellas became Nicaragua’s first billionaire rebuilding his family sugar mill and parlaying the proceeds into a new bank, BAC-Credomatic, which, by 2005, was one of the largest financial institutions in Central America. He sold it to General Electric Co. in a deal completed between 2005 and 2010 for about $1.7 billion.

Latin America

His rise to riches was almost interrupted by a violent 1989 plane crash that killed more than 130 people and left his wife with 62 bone fractures and skin melting off her face.

Other Latin America fortunes that emerged include five billionaires from Brazil -- Joesley, Wesley, Valere, Vanessa and Vivianne Batista -- who created the world’s biggest beef producer after making more than $17 billion in acquisitions. Their company, JBS SA, rode the biggest stock rally on Brazil’s Bovespa index this year, jumping 30 percent year-to-date, fueled by surging beef prices and Russia’s lifting of a ban on Brazil meat-processing plants.

A surge in real estate and corporate valuations elevated the fortunes of at least five Blackstone Group LP billionaires. Co-founder and chairman Stephen Schwarzman added $926 million as the company rose 7.6 percent. The performance, along with surging art values, made James Tomilson Hill, Blackstone’s vice chairman who runs the company’s $64 billion hedge fund business, a billionaire. Jonathan Gray, who runs the firm’s real estate division, is worth $1.5 billion.

Strong Dollar

Real estate is seen as one way the wealthy could make further gains in 2015.
“The fact that interest rates are going to remain low, there might be some opportunities, especially with residential real estate in Europe,” Efrat Peled, the chairman of Arison Investments, said in a phone interview from her office in Tel Aviv.

Peled, who manages more than $2.5 billion in assets for Shari Arison, says a strong U.S. dollar should give some foreign markets a boost.

“Exports are better when the dollar is strong,” she said.

Whether interest rates stay low remains a looming question moving into 2015. Federal Reserve Chair Janet Yellen appears poised to raise interest rates for the first time in almost a decade, and prognosticators are convinced Treasury yields have nowhere to go except up. Their calls for higher yields next year are the most aggressive since 2009, when U.S. debt securities suffered record losses, according to data compiled by Bloomberg.
Photographer: Scott Eells/Bloomberg
Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd. in 2014. 

Tuesday, December 30, 2014

Youngest USM don: Prof Dr Michael Khoo Boon Chong has made Penang proud

Expert views: Prof Khoo delivering his public lecture at USM’s Dewan Kuliah A.

GEORGE TOWN: Penang-born Prof Dr Michael Khoo Boon Chong has made the state proud as the youngest professor in Universiti Sains Malaysia (USM).

Prof Khoo, 39, who obtained his associate professor title in 2007, became a professor in the School of Mathematical Sciences four years ago when he was just 35.

He specialised in Statistical Quan­tity Control.

Prof Khoo, who hails from Bayan Lepas, said he chose to complete all his studies where he was born.

“I got my education, including my PhD in Penang. I went to La Salle School in Batu Lanchang (the school was closed down) from Year One to Year Three and then to St Xavier Primary School in Farquhar Street during Standard Four and continued my studies in St Xavier’s Insitution until I finished Form Six.

“I got my degree in Applied Sciences with first-class honours and my doctorate in Statistics from USM in 1999 and 2001 respectively.

“I joined USM School of Mathe­matical Sciences from 2001 as a lecturer,” he said after his inaugural public lecture after his appointment as a professor.

Citing the reasons for studying in Penang instead of overseas, he said as the only child, he wanted to be with his parents.

“I am not from a rich family. My 65-year-old father, Khoo Kah Peng, was a clerk with the city council and my mother Hoo Kim Bee, 67, is a housewife.

“My main priority during that time was that I wanted to stay close with my parents,” he said.

Prof Khoo said he followed his supervisor’s path to specialise in Statistical Quantity Control.

“I love to do research on Statistical Quantity Control, which is useful for industries to maximise profits and reduce costs,” he said.

He said he was thankful to USM as his hard work and research efforts were appreciated.

Prof Khoo is actively involved in publishing manuscripts and work papers.

He has published almost 100 manuscripts in international journals and presented more than 50 papers at national and international conferences.

BY Crystal Chiam Shiying The Star/Asia News Network

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Monday, December 29, 2014

AirAsia flight QZ8501 disappearance caps horrendous 2014 for Malaysia-affiliated airline!


AirAsia flight QZ8501 lost contact with air traffic control at 7.24am yesterday. There were 162 people on board - 155 passengers, and 7 crew members. The plane was last seen between the Indonesian island of Belitung, and Pontianak in Borneo. There was bad weather over Belitung at the time.

Key points:

- An AirAsia flight QZ8501 from the Indonesian city of Surabaya to Singapore lost contact with air traffic control on Sunday at around 6:17 am local time.

- AirAsia has established an emergency call center. The number is +622129850801.

- Plane requested to deviation due to bad weather before contact was lost

- Plane is carrying 162 people - 155 Indonesian, three South Koreans, one French, one Malaysian, one Briton and one Singaporean.

Briton Choi Chi Man and his two-year-old daughter feared missing on the Air Asia plane was only on board because there was no room on an earlier flight, friends said. His wife and son flew on earlier flight.

Mr Choi, who is originally from Hull, Yorkshire, lives in Singapore but works in Indonesia where he is a unit managing director for electronic manufacturing firm Alstom Power.

An engineering graduate of Essex University, his parents still live in Hull, after emigrating from Hong Kong, and he is understood to have a brother and sister in the UK. - the Daily Telegraph



AirAsia,has been operating in Indonesia for 10 years, is 49% owned by Malaysia-listed AirAsia Bhd. The remaining stake is held by an Indonesia company that has 3 individuals as shareholders: Pin Harris with 20%, Senjaya Wijaya with 21% and a privately held entity PT Fersindo Nusaperkasa with 10%

The private company is believed to be linked to Riza Chalid, a tycoon said to have close links to Probowo Subbianto, who put up a strong challenge against Joko Widodo for the presidency post recently.

The incident caps a disastrous year for Malaysia-affiliated airlines.

Malaysian Airlines Flight MH370 went missing on March 8 on a trip from Kuala Lumpur to Beijing with 239 passengers and crew on board and has not been found.

On July 17, the same airline's Flight MH17 was shot down over Ukraine, killing all 298 people on board.

Experts compare disappearance to vanished Malaysia Airlines flight MH370

Google The last communication between QZ8501's pilot and air traffic control was when he requested to increase his altitude to 34,000 feet due to bad weather
Weather: The last communication between QZ8501's pilot and air traffic control was when he requested to increase altitude due to bad weather
View image on Twitter

Hours after the disappearance of QZ8501 aviation experts have begun comparing the incident with still-missing Malaysian Airlines MH370.

Like MH370, the AirAsia flight disappeared from radars and made no further communication with Air Traffic Control - not even an emergency “squawk”.

Yesterday aviation expert Peter Stuart Smith said it was strange that QZ8501 had made no further contact was made with Air traffic control.

“Even if we assume that the aircraft did encounter such incredibly adverse weather conditions that it broke up in midair or the conditions led to the pilots losing control, there are still a number of questions that need answering,” said Mr Smith.

“Obviously the first priority for the pilots is to fly the aircraft but relaying a message to Air Traffic Control (ATC) about what’s happening only involves depressing a single button on the control column and simply speaking.

“It would also only take a few seconds to squawk 7700 (emergency) on the SSR box which would alert ATC to there being a problem -although not what the problem was.”

Passenger who boarded Flight QZ8501 joked 'goodbye forever' to pal hours before plane vanished
A passenger who boarded missing Flight QZ8501 joked "goodbye forever" to a pal hours before the plane vanished en route from Indonesia to Singapore.

The distraught friend, a man in his 20s, told Indonesia's TV One on Sunday: "This morning, before I went to pray, one of them called me and jokingly said: 'See you in the new year and goodbye forever'.

"That's all and then the bad news came."

The man said he had planned to go on the trip but cancelled it two weeks ago because he was busy.
"I have two friends who were with five family members," he said tearfully.

"Yes, I planned to spend (New Year's Day) in Singapore actually.

"I hope for a miracle and may God save them all.

"I should have gone with them but I cancelled it two weeks ago as I had something to do."

Full coverage: AirAsia's Flight QZ8501 Lost Contact

AirAsia plane with 162 people on board missing



 
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Friday, December 26, 2014

Sony comedy film: The Interview looms cyber war as US-N.Korea tension spikes

The Interview is a 2014 American political comedy film directed by Seth Rogen and Evan 
Goldberg in their second directorial work, following This Is the End. The screenplay by Dan Sterling is from a story by Rogen, Goldberg and Sterling. The film stars Rogen and James Franco as journalists instructed to assassinate North Korean leader Kim Jong-un (played by Randall Park) after booking an interview with him. It received mixed reviews from critics.

In June 2014, the North Korean government threatened "merciless" action against the United States if the film's distributor, Columbia Pictures, went ahead with the release. Columbia delayed the release from October 10 to December 25, and reportedly edited the film to make it more acceptable to North Korea. In November, the computer systems of parent company Sony Pictures Entertainment were hacked by the "Guardians of Peace", a group the FBI believes has ties to North Korea. After leaking several other then-upcoming Sony films and other sensitive internal information, the group demanded that Sony pull The Interview, which it referred to as "the movie of terrorism". On December 16, 2014, the Guardians of Peace threatened terrorist attacks against cinemas that played The Interview.

On December 17, after a number of major North American cinema chains canceled screenings in the interest of safety, Sony canceled the theatrical release of The Interview, drawing criticism from the media, Hollywood figures and U.S. President Barack Obama. After initially stating that it had no plans to release the film, Sony made The Interview available for online rental on December 24, and in a limited release at selected cinemas on December 25. - Wikipedia



 Cyber war looms as US-NK tension spikes

North Korea's Internet and 3G networks were back to normal by midday Tuesday after hours of a strange shutdown. This blackout led to speculation that North Korea had been under cyber-attack from the US. It remains unknown whether the purported US-North Korea conflict will flare up into full-blown cyber war.

Sony Pictures, which has caught global attention for filming The Interview, a movie featuring the fictional assassination of North Korean leader Kim Jong-un, was attacked by a group of hackers recently. The FBI asserted that these hackers were sponsored by North Korea, and US President Barack Obama declared the US would make a "proportional response." Thus, there are high suspicions that Washington is behind the attack.

Neither Washington nor Pyongyang has commented officially on the incident. There are more threats to cyber security than ever before, and hacking groups not backed by governments have become mainstream. Countries like the US have established cyber armies, but there has been no declaration of a cyber war so far. Any party suspected of launching cyber invasions using its regular cyber army always denies its involvement.

We hope that Washington and Pyongyang will not engage in war in cyberspace. Once they cross the Rubicon, there is no way back.

The current suspected tit-for-tat situation between North Korea and the US raises the risks of a cyber war. Pyongyang has shown its abomination toward Sony Pictures. However, having denied any connections with the attacks, it hailed these actions as justified.

Washington has revealed its inclination to retaliate against Pyongyang, which is why many assume the Internet blackout in North Korea was its doing. Washington's response could be an overreaction, as it is implying that cyber attacks can be seen as a kind of legitimate state action, which will set a precedent for cyber wars.

Antagonism between North Korea and the US will remain a hot topic for quite a while in the international community. If more cyber attacks are launched in the near future, many people will believe that a cyber war between them has already broken out. It is possible that Washington is trying to teach Pyongyang a lesson and show its strength through cyber attacks. But it must keep in mind that its advanced networks also have loopholes, which might be taken advantage of by a single hacker and a computer.

The US must not set an example by engaging in cyber warfare. It might prevail in the short term, but the already vulnerable Internet order will be mired in countless trouble.

This North Korea-US cyber conflict has also reminded China that it must reinforce its cyber security and act as a constructive role to guard peace across the Internet. As for the speculation that it was China that cut off North Korea's Internet connections, these are spurious and do not merit our attention.- Global Times



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Thursday, December 25, 2014

Long breaks aplenty Malaysians already eyeing for long holidays in 2015

Businesses brace for loss in productivity

KUALA LUMPUR: As Malaysians enjoy the year-end holidays spanning Christmas, the weekend and on to the new year, they can look forward to more such long weekends next year.

With 13 national holidays and 23 state holidays next year falling on either Thursday, Friday, Saturday, Sunday or Monday, there are easily seven “long weekends” if one plans for them.

January’s long stretch comes from Prophet Muhammad’s Birthday (Saturday, Jan 3) falling close to New Year’s Day (Thursday).

Chinese New Year (Thursday and Friday) will provide the extended break for February, while May’s rest from labour comes from Wesak Day (Sunday) coming two days after Labour Day (Friday).

Hari Raya Aidilfitri is expected to fall on the third Friday and Saturday of July, while National Day is on the last Monday of August.

Hari Raya Haji falls on a Thursday in September, while in states like Kedah, Kelantan, Perlis and Terengganu, Hari Raya Haji is observed for an additional consecutive day.

For states observing Sunday as rest day, November’s extended break could come from Deepavali, which falls on a Tuesday.

And the year ends with a second celebration of the Prophet Muhammad’s Birthday, which falls on Christmas Eve due to a shortened Muslim calendar next year.

Businesses are bracing for some impact on productivity as they anticipate employees will apply for additional leave to create their own extended breaks.

Malaysian Employers Federation (MEF) executive director Datuk Shamsuddin Bardan stressed it was critical for companies to plan ahead for these long stretches in order to maintain output and productivity.

“Companies need to work together with their employees so there would not be any major losses,” he said.

Meanwhile, Small and Medium Enterprises (SME) Association of Malaysia national president Teh Kee Sin said there would usually be a productivity drop of between 20% and 30% during long holiday periods.The only thing we dread are holidays that are declared at the last minute as these do not provide us enough time to prepare. — Teh Kee SinThe only thing we dread are holidays that are declared at the last minute as these do not provide us enough time to prepare. — Teh Kee Sin

“In fact, many SMEs limit the number of public holidays to no more than 14 days a year.

“According to labour laws, employees in the private sector are entitled to 10 public holidays, with Labour Day, the King’s birthday, the Sultan’s birthday (state holiday) and National Day being compulsory holidays,” he said.

“The only thing we dread are ‘holidays’ that are declared at the last minute as these do not provide us enough time to prepare,” he added.

With 14 national holidays covering 16 days, Malaysia is in the global top 10 in terms of number of public holidays, with one survey ranking us at seventh.

Malaysians already eyeing next year's holidays

PETALING JAYA: Even as they are vacationing, Malaysians are already planning for next year’s holidays.

Malaysian Association of Tour and Travel Agents (MATTA) vice-president of ground transportation Jayakumar S. Sinnadurai said companies have started making reservations with travel agencies for their corporate trips.

“We have received bookings for the weekends extended by celebrations such as, Wesak Day (Sunday) and Chinese New Year,” he said.

“Islands in the east coast of the peninsula like Pulau Tioman, Pulau Kapas and Pulau Perhentian are popular choices.”

National Tourism Council of Malaysia vice-president Jimmy Leong Wie Kong claimed that more companies are organising such trips as a form of incentive for employees.

“Long weekends are great as they do not restrict company trips to just nearby locations,” Leong said.

“Such incentive trips help in employer-employee bonding and are increasingly popular.

Individuals are also planning their “escapades”.

Web designer Ivan Tong Tian Shen, 26, is looking forward to his next hike.

“I went on a 14-day trek on the Annapurna trail in Nepal earlier this year with a bunch of good friends,” he said.

“I was captivated by the breathtaking view and want to relive the experience.”

Banking executive Grace Chu, 25, who works in Kuala Lumpur, is hoping for more than just one visit from her parents in Sabah this year.

“Since they live so far away, I usually only get visits from them once a year,” said Chu, who misses her mother’s cooking.

Then there are those who just need a break.

Undergraduate Ng Lai Quan, 20, who is also an administrative and marketing assistant, said it was very stressful to study and work at the same time.

“I’m lucky to be able to manage my time but it leaves me exhausted every day when I get home,” said Ng, who is pursuing a degree in business management in Klang.

“I am grateful for these extended weekends because they give me time to rest.”

Despite all the enthusiasm for travel, MATTA is still priming itself for a weak first half for next year, business-wise.

“It is going to be a challenging year ahead. The weakening ringgit and the imposition of the Goods and Services Tax will definitely affect the tourism industry,” said MATTA president Hamzah Rahmat.

According to Hamzah, some upside including a return to normalcy is expected in the second half of 2015, after consumers are accustomed to the changes.

Borneo Trails Travel and Tours Sdn Bhd managing director Datuk Tan Kok Liang also believed that the weaker ringgit would discourage outbound travel.

By Sesiree Tresa Gasper and Adrian Chan The Star/Asia News Network

Wednesday, December 24, 2014

The game-changing trends: social media, cloud, big data in information technology

Information technology players believe Malaysia is beginning to tap into the potential of the Internet of things.

KUALA LUMPUR: Social media, the cloud and big data will be the game-changing trends that will transform Malaysia’s information and communications technology (ICT) industry and spur further growth of the Internet of Things (IoT) next year, says industry players.

National ICT Association of Malaysia (Pikom) chairman Cheah Kok Hoong said Malaysia had started to tap into the rapidly growing potential of IoT, which could be a new economy by itself covering business areas such as embedded device manufacturing, connectivity infrastructure and application deployments.

He said the trend would provide a new opportunity to position the country as the hub for regional IoT innovation projects in South-East Asia.

However, companies would be increasingly challenged by new factors on the back of business agility that came with mobility, security, analytics, and miniaturisation of devices and millennial generation aspirations, he told Bernama.

“Adoption of cloud solutions will also move from conceptual to the practical stage.

“As predicted by International Data Corp’s global market intelligence, Malaysia’s big data market is anticipated to hit not less than RM75mil but many businesses have yet to consider big data as a big business for their organisation and it thus remains at a tactical level,” he added.

IT spending registered significant growth as reflected in the growth of value-added services, which are expected to grow about 13.6% in 2014 to RM68bil from RM59.8bil in 2013.

Cheah said the overall ICT services sector was also projected to grow at 12.7% in 2015 to RM77.7bil.

Meanwhile, CA Technologies South Asia vice-president Chua I. Pin said the country was entering an era where IT had become the central source of revenue for businesses.

He said 2015 would see a shift in the way businesses structured themselves, looking for new engagement and revenue opportunities using connected devices, big data and analytics, and underpinning these new models would be a fundamental shift in the way software is developed and deployed.

“Software will continue to become the primary way that consumers interact with businesses, which would evolve dramatically in 2015 as businesses become more competitive to reach out to their clients, and we will see apps shifting from simply helping people make decisions to being able to predict what people need,” he said.

Cheah added that with the need for more sophistication in the ICT industry, human capital remained the main challenge in the industry towards achieving high-income nation status.

There is a persistent and widening gap of remuneration packages for ICT professionals between Malaysia and neighbouring countries such as Vietnam and Thailand, coupled with the declining number of ICT graduates, he said.

He said although the new trends such as big data and social media had created many new job functions in high demand, the nation still faced a lack of skilled talent in the market. — Bernama

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Monday, December 22, 2014

Education: alleviating poverty or causing it, funding children with retirement fund?

It is not prudent to fund children’s education with your retirement fund

EDUCATION is the social game changer. In poor countries, it alleviates poverty. In developing nations like Malaysia, a more educated population can catapult us to developed status.

Scores of parents are striving hard to send their children to international schools to gain the holistic education, have better choices of tertiary institutions and have access to better paying jobs.

Borrowing future funds

Sending children to international schools is deemed the ticket out of mediocrity in Malaysia and to have a fighting chance in the global job market. But to what end?

Whether it is using EPF savings or selling off property to fund children’s private or international school education, this can be costly to many middle-class parents. While it may be acceptable to borrow funds to ensure our children get better secondary or tertiary education as they can always pay off the loans when they become employed, it is harder to replace “lost” retirement funds.

Therefore, it is not a prudent move to use funds meant for retirement as the fund is most needed when the “parents” are not at income-generating age any more.

Prioritising funds

With today’s Gen X-ers who are becoming parents at later age, we not only have to nurture our children but also care for our ageing parents whilst saving for our retirement. Prioritising investments is key.

1. Be realistic. Parents want the best for our children. If education savings are started early to take advantage of compounding effect, that’s great. If funds only permit an overseas tertiary education, then find the best local education option as our children can still experience holistic learning during university years abroad.

2. Gen Y-er parent, start investing now into a diversified portfolio. It is already too late if you have not started, as the cost of education will only increase.

3. Education is not just about getting the paper qualification. It is about learning. Parents can show kids new ways to learn without busting purses. Take advantage of free online courses like TedTalk or Khan Academy and “experiences” offered by museums, art galleries, nature trips and even playtime in the park.

By CHEONG WAI KUAN, VICE-PRESIDENT OF SUCCESS CINCEPTS LIFE PARTNERS

The writer can be contacted at info@successconcepts.biz / http://www.successconcepts.biz/ The Star/Asia News Network

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