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Friday 9 September 2011

British Massacre - Batang Kali Victims win UK court scrutiny





Kin of Batang Kali massacre victims win UK court scrutiny  

  


KUALA LUMPUR: Family members of 24 unarmed Malaysian ethnic Chinese workers, allegedly shot dead by British troops in a massacre more than six decades ago, won a significant court battle in Britain that will give hope that the incident will be formally investigated, their lawyers said Thursday.

The British High court ruled on Aug 31 in favour of the family members for a review of a decision by the British government to refuse to investigate the massacre, in which the unarmed rubber plantation workers in Batang Kali, a remote town in Selangor state, were killed after being accused as terrorists trying to escape during the Malayan Emergency.



The court granted the judicial review as it deemed the case "raises arguable issues of importance", reported China's news agency Xinhua.

The lawyers said a full hearing would begin in early 2012.

"After decades of seeking redress for the Batang Kali massacre victims, we can now, finally, see the light of justice at the end of the tunnel," said lawyer Quek Ngee Meng, representing a victim's family.

"We do not expect the British government to reverse its stance, but it should immediately and unconditionally release all documents relating to the massacre and the aborted attempt to investigate in the past so the court that hears this case, and the public, have a complete picture," he told reporters at a press conference attended by six surviving kin of the victims, lawmakers and dozens of activists and representatives of ethnic Chinese groups. - Bernama


Malaysian Batang Kali massacre kin wins UK court scrutiny

KUALA LUMPUR, September 8 (Xinhua) -- Family members of the 24 unarmed Malaysian ethnic Chinese workers allegedly shot dead by the British troops in a massacre more than six decades ago won a significant court battle in britain that would give hope the massacre would be formally investigated, their lawyers said on Thursday.

The British High court ruled on August 31 in favour of the family members for a review to a decision by the British government refusing to investigate the massacre, where the  unarmed rubber plantation workers in Batang Kali, a remote town in Malaysia's Selangor state were killed after being accused as terrorists trying to escape during the Malayan Emergency.

The court granted the judicial review as it deemed the case " raises arguable issues of importance." The lawyers said a full hearing would begin in Spring 2012.

It will examine whether the British Secretaries of State for Defense and the Foreign and Commonwealth Office (Secretaries of State) acted lawfully when they refused to hold a public inquiry into both the killings and their coverup, and to make any form of reparation to the victims' families.



"After decades of seeking redress for the Batang Kali massacre 's victims we can now, finally, see the light of justice at the end of the tunnel," lawyer representing the victim's family, Quek Ngee Meng said.

"We do not expect the British government to reverse its stance, but it should immediately and unconditionally release all documents relating to the massacre and the aborted attempt to investigate in the past so the court that hears this case, and the public, have a complete picture," he told reporters at a press conference attended by six surviving kin of the victims, lawmakers and dozens of activists and representatives of ethnic Chinese groups.

The 24 ethnic Chinese were shot dead by the British Scots Guards in 1948, when the then-Malaya was under British colonial rule.

They were accused of being sympathizers of the communists and said to be trying to escape during the Malayan Emergency -- a guerilla war fought between the Commonwealth armed forces and the Malayan communist group.

The victims' lawyers said the British government refused to correct the records even as evidence suggested all 24 victims were innocent.

After numerous appeals to both the British and the Malaysian governments for a probe into the massacre were turned down, citing lack of evidence, family members of the victims took the case to the British court.

"For the first time after six decades, I feel a sense of closure," said Loh Ah Choy, whose uncle was killed before his eyes when he was nine.

"He was my only uncle and he deserves justice," the 70-year-old told Xinhua.

Relatives of Batang Kali massacre victims nearer to seeking justice

By MARTIN CARVALHO mart3@thestar.com.my

KUALA LUMPUR: After almost 18 years of tough challenges and extreme obstacles, relatives of the Batang Kali massacre are finally making headway in seeking justice over the killing of 24 villagers by British soldiers in 1948.

MCA Public Complaints Bureau chairman Datuk Michael Chong said the United Kingdom Legal Service Commission had granted the families financial aid to pursue their case. An appeal for aid was rejected in November.

“I am very happy. We nearly gave up as cold water was poured on us several times over the years,” he told The Star here yesterday.

“Finally, families of the victims are able to see some light to help them seek justice.”

Chong, who played a crucial role in initiating the call for a judicial review in 1993 over the Malayan Emergency massacre, said the aid came as great relief to the families.

The four claimants, Wooi Kum Thai, Loh Ah Choi, Lim Kok and Chong Hyok Keyu, faced RM480,000 in legal fees (not including RM525,000 in future cost) when their request for legal aid was turned down.

However, the commission’s Special Cost Control Review Panel allowed their appeal on April 15 and with this, the four can proceed with their case at the British courts.

Action Committee Condemning the Batang Kali Massacre coordinator Quek Ngee Meng said the panel granted the appeal as it was of the view that the claimants had a 50% to 60% chance of succeeding in their case, which is of wider public significance.

“They can now, with more certainty, resort to legal avenues to the fullest so that the truth behind the massacre can be uncovered and that the historical wrong corrected,” Quek said in a press statement issued here.

On Dec 12, 1948, in a military operation against the communist insurgents, a group of British soldiers allegedly shot dead the 24 villagers in a rubber estate near Batang Kali before setting their village on fire.

In March last year, families of the victims and several non-governmental organisations formed the action committee.

The committee submitted a petition to the British High Commission calling for an official apology, compensation for the victims’ families, and financial contribution towards the educational and cultural development of the Ulu Yam community.

Relate post:

British Massacre - Batang Kali Survivors and kin seek inquiry and damages  

Thursday 8 September 2011

Will There Be Any Jobs in the Future At All?





http://images.forbes.com/media/assets/header_baked/forbes_logo_main.gif
Alex Knapp, Contributor

“You could not step twice into the same river; for other waters are ever flowing on to you.” – Heraclitus

Douglas Rushkoff has an interesting piece at CNN.com asking whether the economy of the future will be set up in such a way that jobs as we know it make any sense at all.
Heraclitus, Detail of Rafaello Santi's

The question we have to begin to ask ourselves is not how do we employ all the people who are rendered obsolete by technology, but how can we organize a society around something other than employment? Might the spirit of enterprise we currently associate with “career” be shifted to something entirely more collaborative, purposeful, and even meaningful?

Instead, we are attempting to use the logic of a scarce marketplace to negotiate things that are actually in abundance.

In considering what an economy has to look like, Rushkoff tries to imagine past capitalism and communism into a different way of looking at economics going forward – which sort of ends up looking like the economy of the United Federation of Planets, where everyone’s basic needs are provided for but you have to do creative work to obtain status and other things you might want.



Ultimately, I’m not convinced that Rushkoff’s solution works – it suffers a little too much from what I think of as “information class myopia”, in which writers about technology, who spend most of their days involved with gadgets and electronic media while creating intellectual property for a living confuse their own experiences with universal ones. These pieces rear their heads every now and again when people ask questions like, “Why do we need a post office? I always text!” while proclaiming ubiquitous, frequently used technologies like the phone and email dead simply because they don’t use them that often as texting, Twitter, etc. Rushkoff doesn’t usually suffer from this syndrome, but I think his concept in this column does.



That said, I think Douglas Rushkoff is a pretty brilliant guy, and while I may not agree with where he’s going in this column, I do think he’s absolutely right to think about the future of our economic systems. I think he’s absolutely right to point out that now might be a good time to completely reconsider what we value in terms of work, employment, and career, and that we need to figure out what the technological and social changes of the past few decades mean for those concepts.

It’s important to remember that the economic systems that we live with today won’t last forever. As technology changes and innovation continues, so too will the very nature of what the economy is will evolve. Paradigm shifts like the rise of the corporation in the late Middle Ages, paper money, free labor and central banking, among many others, all came about as a response to particular political, social and technological pressures, needs, and problems. And as times change and different technologies and social needs come to the fore, economic institutions and rules will change accordingly – sometimes quickly, sometimes slowly. Sometimes at the behest of government and sometimes whether government likes it or not.

It’s not far-fetched to imagine that the nature of employment and entrepreneurship may well be very different a century from now than it is today. Indeed, they may not even be recognizable a century from now. That’s because economic institutions and ideas aren’t natural laws – they’re practical tools that are always evolving.

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Wednesday 7 September 2011

Yahoo fires chief executive Carol Bartz

Image representing Yahoo! as depicted in Crunc...


Yahoo CEO Carol Bartz has told staff in an email she was fired over the phone by the chairman of the board

in New York  

Carol Bartz
Carol Bartz has been fired as CEO of Yahoo. Photograph: HO/AFP/Getty Images
Carol Bartz, Yahoo's chief executive, was fired late on Tuesday ending a rocky tenure in which she tried and failed to revitalise the online giant.

In a statement the company announced Bartz had been "removed" from her post and would be replaced by chief financial officer Timothy Morse "effective immediately" on an interim basis as the firm began the search for a new, permanent CEO.

In an e-mail sent to employees from her iPad and titled "Goodbye," Bartz wrote: "I am very sad to tell you that I've just been fired over the phone by Yahoo's chairman of the board." She wrote, "It has been my pleasure to work with all of you and I wish you only the best going forward."

The combative chief executive had been under pressure to turnaround Yahoo from the day she was appointed. Yahoo remains one of the biggest destinations on the internet but has lost gound with advertisers and audience to Google, Facebook and services like Twitter.



According to research firm eMarketer Facebook is set to overtake Yahoo this year to collect the biggest slice of online display advertising dollars in the US.

Bartz joined Yahoo in January 2009, replacing co-founder Jerry Yang who had returned to the helm of the company in an ill-fated bid to turn its fortunes around. When Bartz joined the firm its shares were trading for around $12. After news of her departure broke, the shares jumped more than 6% in after-hours trade to $13.72, from a close of $12.91 on the Nasdaq. In January 2000, near the end of the dot-com bubble, Yahoo's shares traded at more than $125 a piece.

Bartz had also fallen out of favour with Wall Street investors, unhappy with her turnaround strategy and her handling of the firm's strained relatonship with China's Alibaba Group, in which it holds a 40% stake.

In June Yahoo chairman Roy Bostock gave his public support to Bartz at the company's annual general meeting. "This board is very supportive of Carol and this management team," Bostock said in his opening remarks. "We are confident that Yahoo is headed in the right direction."

Bartz, had previously been chairman of software firm Autodesk. She arrived with a reputation as a tough talker and reinforced it early in her tenure by telling Michael Arrington, founder of the influential Techcrunch website to "f*** off" during a staged interview at an industry event.

Her management style came under fire after the company's apparent mishandling of its relationship with Alibaba. In May when it was revealed that Alibaba had handed Alipay - one of Alibaba's crown jewels - to a company controlled by Alibaba founder Jack Ma, apparently without Yahoo's knowledge. Alibaba said Yahoo was fully aware of the transaction and the two sides openly bickered about the deal.

Yahoo is conducting a strategic review of the company's options, including possible divestment of its Asian holdings. It cautioned that no decisions had yet been made.

Bostock said: "On behalf of the entire Board, I want to thank Carol for her service to Yahoo! during a critical time of transition in the Company's history, and against a very challenging macro-economic backdrop. I would also like to express the Board's appreciation to Tim and thank him for accepting this important role. We have great confidence in his abilities and in those of the other executives who have been named to the Executive Leadership Council."

The company also said its directors named five other senior Yahoo executives to an executive leadership council that is intended to help Morse, a former chief financial officer at Altera, a semiconductor makers, and at General Electric Plastics, manage the company.

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Yahoo boss Carol Bartz is fired by US internet company

Carol Bartz was brought on board to change the fortunes of the search and internet company
Carol Bartz  

Yahoo's chief executive Carol Bartz has been fired by the internet company after two-and-a-half years in the top job. 

The company said in a statement that Ms Bartz was removed by the board of directors, effective immediately.

Tim Morse, Yahoo's chief financial officer, will take over from Ms Bartz.

Yahoo has been struggling to increase its market share as it faces increased competition from rivals such as Google and Facebook.

Yahoo shares jumped more than 6% in after-hours trading after news of the firing broke, indicating they would trade higher when Wall Street opens for business on Wednesday. Yahoo's stock price was up at $13.72, an increase of 81 cents.

Mr Morse will serve as interim chief executive and the board of directors will look for a new CEO, the company said.

No turnaround

Ms Bartz was hired to run Yahoo in early 2009, taking over from co-founder Jerry Yang.

She made significant changes to the management team and cut jobs to save on costs. She also shifted the focus of the traditionally search-oriented firm towards more personalized content.

“Start Quote

I am very sad to tell you that I've just been fired over the phone by Yahoo's chairman of the board”
Carol Bartz Former CEO, Yahoo
 
However, Larry Magid, a technology analyst at C-net, said the company has not seen enough of a turn-around under Ms Bartz's leadership.

"She hasn't done anything to change the company's fortunes, and they are still anxious to find a leader who can move them up," he said.

Critics also claim that Yahoo has failed to make significant strides in two of the most lucrative segments of the market; search and social networking.

"Facebook is way ahead, and now even Google is way ahead of Yahoo in social networking," C-net's Mr Magid added.

"In terms of the potential for long-term revenue it's just not there. They've got some great sites, great information resources, news, stocks, sports, but that's not what bringing in the money."

Phone firing

The news first broke on the Wall Street Journal's All Things D website, which quoted an email from Ms Bartz to Yahoo staff. The email has since been reported by other news agencies including Bloomberg and Reuters.

"I am very sad to tell you that I've just been fired over the phone by Yahoo's chairman of the board," Ms Bartz said in the email to staff.

"It has been my pleasure to work with all of you and I wish you only the best going forward."

As news of the sacking spread across the internet, Yahoo released its own press statement in which it confirmed it was undergoing a "leadership reorganisation" and that Ms Bartz would be leaving the company.

Roy Bostock, chairman of Yahoo's board, said in the statement: "On behalf of the entire board, I want to thank Carol for her service to Yahoo during a critical time of transition in the company's history, and against a very challenging macro-economic backdrop."

He added that he saw "enormous growth opportunities" for the firm.

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Monday 5 September 2011

Europe puts its head in sand over growth crisis





LONDON | Mon Sep 5, 2011 By Alan Wheatley, Global Economics Correspondent


Property loans to keep lead; Malaysia's property mart unaffected by forays abroad





Property loans to keep lead

BY DALJIT DHESI daljit@thestar.com.my


PETALING JAYA: Analysts expect property loans to maintain their position as a key growth driver of credit expansion with some estimating them to grow between 10% and 12% this year due to the low interest rate environment and ample liquidity in the banking system.
We believe that the full year loan growth for residential property loans will be in the 10%-12% range.- RAM Ratings head of Financial Institution Ratings Promod Dass.
While holding to this view, some feel the external environment, like the slowing US economy coupled with the sovereign debt crisis in the eurozone, could dampen demand for properties.
For the first seven months of this year, property loans remained the key growth driver, accounting for 40.6% of the banking system's overall credit expansion, followed by working capital loans at 23.6%. Residential property loans currently accounted for about 27% of the system's total loans.
RAM Ratings head of financial institution ratings Promod Dass toldStarBiz that the credit environment to date had continued to be accommodative for borrowers with ample liquidity in the banking system and a stable economic environment. Coupled with attractive promotional packages offered by some developers, he said residential property loans had already shown a healthy 7.1% growth in the seven months to July (or 12.1% annualised), which was more or less at a similar pace compared with the overall total banking system's year to date loan growth of 7.5%.
“We believe that the full year loan growth for residential property loans will be in the 10%-12% range although we are closely observing the sovereign problems still brewing in Europe as well as concerns on the US economy and the consequent impact on Malaysia's economic growth stamina, which could affect consumer sentiment in property purchases,” he reckoned.
Dass said that while there was a slowdown in loan applications for residential mortgages in the few months after the implementation of the 70% loan-to-value cap on the third and subsequent house financing, the momentum had picked up again since March.
The move to curb the third and subsequent home financing was introduced by Bank Negara on Nov 2 last year to quell speculation on residential properties.
Alliance Bank Malaysia Bhd consumer banking head Ronnie Lim said he was bullish on property loans. He noted that in Malaysia, housing loans currently accounted for 50% (or RM255bil) of total household debt (RM510bil) and would continue to be one of the key growth drivers of retail credit expansion this year and in the near future.
“One of the main growth areas for properties is Klang Valley, which accounts for close to 60% to 65% of all property transactions. In addition, the population growth in Klang Valley is expected to reach 10 million by 2020 and the demand for residential property is expected to be fuelled by residents of Klang Valley whose average age is 34 years old.
“Coupled with the shortage of land in Klang Valley, demand will always out-strip supply. The economic growth and the low unemployment rate in the country is another catalyst for housing loan growth. The recentEconomic Transformation Programme (ETP) announcement will further accelerate demand for residential properties as more affordable properties are being developed,'' he said.
Lim said prices of properties in Malaysia were still one of the lowest in the region when compared with countries like Thailand, Hong Kong and Singapore. The industry's total housing loan outstanding stood at RM255bil as of July 2011 compared with RM234bil in December 2010, he noted, adding that this represented a 14% annualised growth.
Given the positive environment and the above factors, Lim said the bank was confident the current growth rate could be maintained despite the recent global market unrest.
An MIDF Research banking analyst said property loans would hold up as a key growth driver of credit expansion this year as the persistent demand for property loans would be driven by low lending rates as well as the sustainable growth of the property market.


Local property mart unaffected by forays abroad