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Monday 11 February 2019

Malaysia Finance Minister Lim Guan Eng's credentials as an accountant questioned



On Malaysia Finance Minister Lim Guan Eng's website, it is stated in his biodata that he graduated from Monash University, Australia, with a Bachelor of Economics degree and was a qualified professional accountant by 1983.PHOTO: ST FILE
 
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Malaysian Finance Minister Lim Guan Eng's qualification in accounting is the latest to come under scrutiny following a series of alleged false education credentials involving Pakatan Harapan leaders.

Malaysian Chinese Association (MCA) president Wee Ka Siong, in questioning Mr Lim's credentials as an accountant, said according to Monash University's website, Mr Lim obtained his Bachelor of Economics in 1984.

(MCA) president Wee Ka Siong
"I have no doubt over his degree qualification. However, I wonder how he became a qualified professional accountant in 1983 before he even graduated (in economics)?" he asked in a Facebook posting on Sunday (Feb 10).

On Mr Lim's website: https://limguaneng.com/ , https://limguaneng.com/index.php/biodata/ , it is stated in his biodata that he graduated from Monash University, Australia, with a Bachelor of Economics degree and was a qualified professional accountant by 1983.

Datuk Seri Wee, who is the Ayer Hitam MP, also wanted to know how Mr Lim's qualification as a "qualified professional accountant" was accredited.

"Was it by a local or foreign institution? Which country accepts an economics graduate to pass as a 'qualified professional accountant'?

For a minister who always stresses on the concept of Competency, Accountability and Transparency, please explain and don't keep quiet," he added.

Dr Wee also described as "suspicious" Johor Mentri Besar Osman Sapian avoiding questions from the media on his supposed UPM Bachelor in Accounting obtained in 1985.

"UPM's official website stated that the course was introduced in 1985. How is it possible that there could be such a super-fast graduate produced in the same year!

"If Osman fails to prove the genuineness of his academic credentials, will he still have the dignity to lead the state? This is a question of integrity among leaders," he said.

Citing examples of several world leaders who resigned or were sacked for having fake academic credentials, Dr Wee questioned if the Pakatan Harapan leadership would remain quiet and behave as if nothing happened.

"Or will they respond with the standard Pakatan answer, that a person's academic qualifications have nothing to do with political position," he added.

In Teluk Intan, Bernama reports Perak DAP chairman Nga Kor Ming as backing Tronoh assemblyman Paul Yong Choo Kiong who comes under public scrutiny for his dubious Masters in Business Administration (MBA) from Akamai University, United States, claiming that he had obtained it "legitimately".

This is despite the fact that DAP adviser Lim Kit Siang had labelled the university as a degree mill in 2005.

Mr Yong, 48, was also questioned by Dr Wee as to how he could do his MBA without having a first degree.

The Perak executive councillor has in his biodata listed his primary and secondary school education followed by his MBA.

Responding to the controversy, Mr Yong claimed that his way to enhance his self worth has been blown out of proportion.

He, however, did not reveal how he obtained his MBA.

"What is the relationship between this and politics?" asked Mr Yong.

Sources: https://www.straitstimes.com/asia/se-asia/malaysia-finance-minister-lim-guan-engs-credentials-as-an-accountant-questioned and
https://www.thestar.com.my/news/nation/2019/02/11/lims-credentials-as-an-accountant-questioned/

 
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How to become a professional accountant in Malaysia? - Afterschool.my

 


"Accountancy is a very worthwhile profession": Michael Lim ...



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Sunday 10 February 2019

Why Huawei’s 5G technology is seen as a threat by the US

Reuters pic.

The term 5G stands for a fifth generation — to succeed the current fourth generation of mobile connectivity that has made video sharing and movie streaming commonplace.

The new technology will require an overhaul of telecommunication infrastructure.

The 5G will do more than make mobile phones faster — it will link billions of devices, revolutionising transportation, manufacturing and even medicine. It will also create a multitude of potential openings for bad actors to exploit.

The vulnerability helps explain the rising tension between the US and Huawei Technologies Co, China’s largest technology company.

Huawei is pushing for a global leadership role in 5G, but American officials suspect that could help Beijing spy on Western governments and companies.

“Huawei’s significant presence in 5G creates a new vector for possible cyber-espionage and malware,” Michael Wessel, a commissioner on the US-China Economic and Security Review Commission that advises Congress, said in an interview.

By connecting whole new classes of products, 5G “creates new vulnerabilities”.

The technology holds great promise. Forests of gadgets will communicate instantly via millions of antennas. Cars will talk to each other to avert lethal crashes, factory foremen will monitor parts supplies and doctors can perform remote surgery as video, sound and data flow without delay.

Connections will be 10 to 100 times faster than current standards — quick enough to download an entire movie in seconds.

Yet, US national security officials see billions of opportunities for spies, hackers and cyber-thieves to steal trade secrets, sabotage machinery and even order cars to crash.

Citing security threats, the US has been pushing allies to block Huawei from telecommunication networks. The US Congress has banned government agencies from buying the company’s gear.

Why is the United States intent on killing Huawei? Look at the data below:

Huawei employs more than 10,000 Phd degree holders as well as many talented Russian mathematicians.

Do you know how many Huawei employees earn more than 1 million yuan (RM603,280) a year? More than 10,000 people.

Do you know how many Huawei employees earn more than five million yuan a year? More than 1,000 people!

In China alone, Huawei’s research and development expenditure is 89.6 billion yuan.

Among the Big Three, Alibaba employs 30,000 people, Baidu 50,000, Tencent about 30,000, leading to a total of 110,000; but Huawei’s global employees total 170,000.

Alibaba’s profit is 23.4 billion yuan, Tencent’s 24.2 billion yuan, Baidu’s 10.5 billion yuan, and their profits total 58 billion yuan, but 70% is taken away by foreigners. Since 2000, Huawei has earned 1.39 trillion yuan from abroad.

In taxes, Tencent pays more than seven billion yuan a year, Alibaba 10.9 billion yuan, and Baidu 2.2 billion. Huawei pays 33.7 billion yuan, which is more than the total of the earlier three firms.

Huawei is a high-tech company, and technology represents the true strength of a country.

In China, many companies can’t last long because there are always other companies ready to replace them, but Huawei is irreplaceable.

Huawei is a 100% Chinese company that has not been listed and does not intend to go public because of the susceptibility to be controlled by capital (which the United States can simply print money to do).

Huawei is the first private technology company in China ever to join the league of the world’s top 100. The Chinese should be proud of Huawei.


FMT NewsKoon Yew Yin is a retired chartered civil engineer and one of the founders of IJM Corporation Bhd and Gamuda Bhd.

The views expressed by the writer do not necessarily reflect those of FMT.

Related:
 
Yang Jiechi defends Huawei at the Munich Security Conference

https://youtu.be/vuqL7fBDWrI  

China to US: You’re lying about Huawei
 
https://youtu.be/WdNobdkSQyA

US trying to sabotage Huawei, ZTE and Sino-5G. Too late. Game over. China Rising Radio Sinoland
  https://youtu.be/UN3cUQ2LdhQ  

Race for 5G / China-U.S. trade talks

https://youtu.be/mz_2piA6d9U

Winner, loser in hi-tech race for 5G
 
https://youtu.be/HyasAnO8c0Y

World's first port operated by 5G network appears in eastern China

https://youtu.be/Wx8dych4pS0

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Looking East policy with a twist to China ?

Let’s go back to basics

The right fundamentals: By cutting out the ‘fanciful non-productive’ elements, we can beef up our core curriculum that would increase the standards of our education at no additional cost overall.

Reforming Malaysian education can be affordable and simple – if we put our minds to it.

THIS piece was prompted by a very interesting exchange during a “townhall” dialogue session with the Education Minister at the Malaysian High Commission in London last month. In the said townhall, the Minister had reportedly alluded that “70% of education budget is spent on salaries, hence the remaining 30% is not sufficient to radically revolutionise and reform our education agenda”.

This reminded me of an open letter by the Perlis Mufti, Datuk Mohd Asri Zainul Abidin, to the Prime Minister and Education Minister on Dec 22 last year.

Now I am not prone to quoting muftis and ulamaks, but when one makes sense, I will acknowledge it. This letter makes so much rational and economic sense that it is amazing that it has been basically ignored by the government and the mainstream media.

The Mufti lamented the breakdown of social harmony between the various races, attributing it towards an education system that is – from Year One – “by habit” (“secara tabiat”) exclusive in character to a specific race or religion, be it Malay-Islam, Chinese or Indian.

He even conceded that we could not deny that our national school (Sekolah Kebangsaan) environment has become Malay-Islam dominant.

In a nutshell, here are the Mufti’s proposals:

1. One school system for all, being the national schools, must be truly Malaysian in character, which would allow all race and religions to learn in comfort.

2. Eliminate all religious elements that tend to produce unconducive learning environment for all races in the schools.

3. Carry out Islamic education outside of the normal school session, not during the hours where children of all races and religions are learning.

4. Revamp the Islamic education content such that it is enhanced and improved, and it does not disturb the character of the national schools, which is the domain of all races and religions.

5. All costs for Islamic education should be borne only by Muslims from zakat and/or the respective Islamic state departments. The same should be for other religions, borne by their respective communities.

6. All Islamic schools, Chinese and Tamil primary schools can carry on as supplement to the national schools as an evening session after the main school sessions are over.

Tell me now, is that not one of the most progressive and impactful ideas forwarded by anyone in a long, long time with respect to Islamic education and its possible impact on our school system, children and society?

We need our Government to take these ideas seriously. It is consistent with our Constitution’s requirements that funding for religious activities should only in principle be from that community itself.

There is, however, one issue that needs to be thought about when implementing these suggestions. The Chinese national-type schools have today became a refuge for students from all races wanting to have a more secular and challenging learning environment compared to our national schools. In fact, even the Tamil schools are becoming more credible primary learning institutions compared to before. They are no longer a place where parents seek ethnic identity but more a place where the parents feel more assured of its standard of education than the national schools.

In fact, the educational standards at the national schools has eroded so much that Chinese national-type schools are the school of choice for demanding parents who cannot afford international private education. Therefore, while the aspirations for a single-school system devoid of religious classes and environment are laudable, we need to also address:

1. A transitional strategy to convert Chinese national-type schools into a single-school system without losing their high standards.

2. Strategies and plans on how to raise the standards at national schools.

We cannot do one without the other. In fact, the second need is more important and critical and must be achieved first, i.e. that the standards at national schools be raised first such that a single-school system would be of high standards overall.

To do that, we need a revamp of the school curriculum. A secular and scientific school curriculum and learning content will achieve such objectives. Recall that prior to the 80s, that was the emphasis of our primary and secondary schooling.

We need to remember that primary and secondary educations are basic education. A time to learn the fundamentals of thinking and basic methodology and principles of the different disciplines – through subjects like mathematics, science, biology, physics, chemistry, history, geography, art and language (or literature). Our students completed their O-Levels or SPM in those days and had no trouble being accepted in tertiary institutions all over the world. It is not that hard. We just need to return to the old fundamentals of education, the way we did it in the 70s. Specialised knowledge and skills are for tertiary education – vocational, colleges and universities.

This then takes us back to the Education Minister’s claim that since 70% of his budget is for salaries, therefore the remaining 30% is insufficient to revamp and revolutionise our education system. This cannot be further from the truth.

If we were to implement the proposal put forward by the Perlis Mufti – to remove Islamic classes and any other religious influence activities from national schools – no additional cost would be incurred; in fact the budget would be reduced. This would allow us to allocate the freed cost to increase other classes that would raise the standard of national schools – mathematics and science related ones, especially.

We would be able to enhance our curriculum for even primary students to encompass a more in-depth learning in the sciences such as in history of science, evolutionary biology and genetics, astronomy and cosmology, and modern technology that would perk their interests going into their secondary schooling.

And as suggested by the mufti, the religious classes provided as an option in the evening or outside the formal educational curriculum or session for the national schools will be financed by the religious bodies, including funds from zakat.

Everybody wins.

I would like to point out another aspect to our primary and secondary national education, which in my opinion is excessively unnecessary. We put our children through too many hours of Bahasa Melayu and English. There is no necessity for that. Language is learned primarily by practice, not by attending classes. Reading is the biggest contributor to learning a language. The next one, will be listening and practising. That should be the emphasis in the learning of Bahasa Melayu and English.

We can again halve the hours spent in language classes and beef up our other core curriculum that would increase the standard of our education at no additional cost overall.

My 70s and 80s Malaysian education served me well then and so did it for my friends, who took up very difficult disciplines in science, medicine, engineering, business and many other challenging vocations.

Malaysian primary and secondary education needs to return to its fundamental roots, curriculum and teaching. It needs to rid itself of all the fanciful non-productive elements of religion and those associated with it. It needs to focus on what is real knowledge and preparing our children with the thinking methodology and skills needed for them to survive and progress and be competitive as world citizens in the 21st century.

siti kassimGo back to basics.

 by Siti Thots