WHEN the KING, His Majesty Sultan Ibrahim, the King of Malaysia, OWNS 22.3% of U Mobile - did it have an EFFECT in the government’s decision to appoint U Mobile as the second operator of Malaysia’s 5G network? That is the question - if the King did not own any shares, would U Mobile be chosen by government.
Well, Malaysians, many of whom are still 'neo-feudal', where there is not just a 'higher' RESPECT for King, Sultans and Rulers, but also leaders in incumbent government.
Even the way public officers treat 'Datuks', Datu Seris, etc is different from the way they treat ordinary Malaysians...
This differential treatment is called 'DISCRIMINATION' - AND is contrary to our Constitutional guarantee of EQUALITY...
PM Anwar portrays himself as a 'feudalist' who seems to project that he listens and obeys the King and the Conference of Rulers.
TRUE or not is up to debate. In Malaysian Constitution, most of the decision making power vests in the Prime Minister - and even the KING has no choice but to ACT on the advice of the Prime Minister. He cannot 'disobey' the Prime Minister in most cases. The King only has ABSOLUTE power in very few cases.
So, the 'RESPECT' accorded to the King and Royalty is more cultural...not based on law. That RESPECT exists...
SOLUTION - Should we consider that the KING and sitting rulers of State not be involved in Businesses, more so businesses which deal with the State to get permits/licences or even 'biddings to become the second operator of 5G Networks'....
So when they become King or State Ruler - maybe all their shares in companies should be disposed off and they be paid the value of their shares? They will be prohibited to have dealings on business - and should confine their duties to just being KING, Sultan and or State Ruler?
Same maybe should apply to PM, Ministers and members of the Cabinet?
The King, for example is briefed on a very regular basis by the Prime Minister and/or government - and there is a RISK that he may have access to information not yet available to the public? Would KING/Rulers involved in businesses use such information for the benefit of the businesses they own or are related with?
This is something Malaysians and the government need to think about....
"No One Really Like TO Criticize a Business that the King or Royalty are involved in - for it is so easy nowadays to 'turn it around' and paint it as an act of SEDITION - and PM Anwar Ibrahim's government has already threatened everyone that Sedition Act will be used for the 3R cases - where one of the 'R" is the royalty??? It does not exclude businesses where royalty is involved in.....
A SUGGESTED REFORM - affecting ROYALTY and also leaders of current government...Think about it.
Business
Decision to award 5G network deal to U Mobile comes under scrutiny
In a statement yesterday, Maxis said it will engage with the MCMC to understand the rationale for the decision and consider its options after discussions with all stakeholders.
Updated 1 week ago · Published on 04 Nov 2024
THE government’s decision to appoint U Mobile as the second operator of Malaysia’s 5G network last week has come under scrutiny.
According to reports in the New Straits Times, CIMB Securities in its note today said the Malaysian Communications and Multimedia Commission's (MCMC) decision came as a surprise to the firm and the market.
"Maxis or CDB (to a lesser degree) were widely expected to win, being the two largest MNOs in Malaysia (in terms of subscribers and earnings, with relatively stronger balance sheets)," it said.
In a statement yesterday, Maxis said it will engage with the MCMC to understand the rationale for the decision and consider its options after discussions with all stakeholders.
Maxis emphasised they are a homegrown Malaysian company led by Malaysians and principally owned by Malaysians with 77% of its shares owned by Malaysians.
Maybank Investment Bank Bhd (Maybank IB) believes that U Mobile is unlikely to independently deploy a 5G network and will likely seek a partnership with either CelcomDigi Bhd or Maxis Bhd.
Current shareholders in U Mobile include Singapore-based Straits Mobile Investments Pte Ltd with a 48.3% stake.
The Malaysian investors are, His Majesty Sultan Ibrahim, the King of Malaysia, with 22.3%; Magnum Bhd with 7.8%; Singer (Malaysia) Sdn Bhd with 6.1% and U Telemedia Sdn Bhd, owned by Malaysian tycoon Tan Sri Vincent Tan, at 5.6%.
Industry experts were also reported as asking the government to spell out why it had chosen U Mobile. - Nov 3, 2024, Vibes
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