Read more at https://www.channelnewsasia.com/news/asia/firefly-losses-seletar-airport-airspace-dispute-11109532
(Updated: )
Ricky Lim
See who get hurt more for both the maritime dispute and the airspace dispute --- it will be the Malaysian sides and it will further add woes into Malaysia finances.
Firefly is the subsidiary of MAS (Malaysia Airlines) - where both are their Government linked companies.
Firefly is the subsidiary of MAS (Malaysia Airlines) - where both are their Government linked companies.
Like · Reply · 1m
Ricky Lim
That is why, I say we have a longer runway, and we can afford to wait and be patient.
The one who hurt most will be Malaysia - not us.
(1) In airspace dispute - Now Firefly is losing RM$20 million a month. The longer we drag, the higher lost they will suffer - if they don't give in.
(2) In maritime dispute - Johor Port - Tanjung Pelepas will be impacted if the dispute turn ugly and 10.5 TEUs (10.5 million containers) --- will be at risk - the longer we drag they will lose more if they don't give in.
That is why patience pay.
Endurance pay.
Psychological resiliency pay.
We have stronger muscle in all dimensions vs the Malaysia side.
Only if we get good outcome - will we agreed.
If not, we will play long ball.
Thus Singaporeans should be patient, have endurance, have stamina to go for the long shot with psychological resilient.
Malaysia will get themselves burn more than us.
The one who hurt most will be Malaysia - not us.
(1) In airspace dispute - Now Firefly is losing RM$20 million a month. The longer we drag, the higher lost they will suffer - if they don't give in.
(2) In maritime dispute - Johor Port - Tanjung Pelepas will be impacted if the dispute turn ugly and 10.5 TEUs (10.5 million containers) --- will be at risk - the longer we drag they will lose more if they don't give in.
That is why patience pay.
Endurance pay.
Psychological resiliency pay.
We have stronger muscle in all dimensions vs the Malaysia side.
Only if we get good outcome - will we agreed.
If not, we will play long ball.
Thus Singaporeans should be patient, have endurance, have stamina to go for the long shot with psychological resilient.
Malaysia will get themselves burn more than us.
Like · Reply · 1m · Edited
Ricky Lim
用李 - Patience and tolerance will pay.
If we are impatience, we will be rash - and the outcomes will be worst than otherwise.
You are right.
We have the time, we have the resources --- Malaysia don't have - the more the time drag, the more they will lose.
If we are impatience, we will be rash - and the outcomes will be worst than otherwise.
You are right.
We have the time, we have the resources --- Malaysia don't have - the more the time drag, the more they will lose.
Like · Reply · 1m
Steven Mok
Ricky Lim ,
Sprightly correct.
Sprightly correct.
Like · Reply · 9m
Ricky Lim
用李 - The orang tua try to divert attention away from the internal political pressure.
That is why we need to keep our cool and calm - no need to over-react.
Times are on our side, we should not over-react.
The outcome will be better for us - if we are slow, steady but surely.
Let their people punish the orang tua.
----
The approval rating of Prime Minister Dr Mahathir Mohamad and his government has dropped rapidly, largely due to the people’s disappointment with the government’s failure to reduce higher cost of living and fulfilling election promises, said Parti Keadilan Rakyat (PKR)’s Rafizi Ramli.
According to opinion polls cited by Mr Rafizi, Dr Mahathir’s approval rating as the prime minister has plunged to 53 per cent in the past six months, down 19 per cent from the 72 per cent approval rating in June.
“There is a consistent 20 per cent drop across all races — Malays (from 66 per cent to 45 per cent), Chinese (from 87 per cent to 65 per cent) and Indians (from 84 per cent to 64 per cent),” he said in a statement posted on his website on Wednesday (Dec 19).
That is why we need to keep our cool and calm - no need to over-react.
Times are on our side, we should not over-react.
The outcome will be better for us - if we are slow, steady but surely.
Let their people punish the orang tua.
----
The approval rating of Prime Minister Dr Mahathir Mohamad and his government has dropped rapidly, largely due to the people’s disappointment with the government’s failure to reduce higher cost of living and fulfilling election promises, said Parti Keadilan Rakyat (PKR)’s Rafizi Ramli.
According to opinion polls cited by Mr Rafizi, Dr Mahathir’s approval rating as the prime minister has plunged to 53 per cent in the past six months, down 19 per cent from the 72 per cent approval rating in June.
“There is a consistent 20 per cent drop across all races — Malays (from 66 per cent to 45 per cent), Chinese (from 87 per cent to 65 per cent) and Indians (from 84 per cent to 64 per cent),” he said in a statement posted on his website on Wednesday (Dec 19).
Like · Reply · 1m
Ricky Lim
Japanese bank Nomura has downgraded Malaysian shares, saying the new government's lack of "significant reform push" could lead to a worsening fiscal position and a possible slip in credit ratings.
Nomura moved its stance on Malaysian stocks from "neutral" to "underweight," it said in a Wednesday report.
But, after more than six months in power, "there has not been a significant reform push" by the Mahathir-led government "which can potentially lead to expansionary economic activity," Nomura noted. In addition, earnings of listed companies have been disappointing and worse than regional peers, the bank said.
In addition, the fall in oil prices in recent months and "populist moves" such as the removal of goods and services tax are also bad for Malaysia's revenue, Nomura noted. The bank added that it expects the country's fiscal deficit to widen to 3.9 percent of gross domestic product in 2018 and 3.7 percent in 2019 — higher than the government's estimates of 3.7 percent and 3.4 percent for this year and last year, respectively.
"Our economists believe there is a high risk of fiscal slippage and the possibility of a sovereign ratings downgrade that could trigger more capital outflows," the bank said.
Ratings agency Moody's said on Tuesday it would consider downgrading Malaysia's sovereign rating if its financial prospects weaken or if its debt burden increases.
Nomura moved its stance on Malaysian stocks from "neutral" to "underweight," it said in a Wednesday report.
But, after more than six months in power, "there has not been a significant reform push" by the Mahathir-led government "which can potentially lead to expansionary economic activity," Nomura noted. In addition, earnings of listed companies have been disappointing and worse than regional peers, the bank said.
In addition, the fall in oil prices in recent months and "populist moves" such as the removal of goods and services tax are also bad for Malaysia's revenue, Nomura noted. The bank added that it expects the country's fiscal deficit to widen to 3.9 percent of gross domestic product in 2018 and 3.7 percent in 2019 — higher than the government's estimates of 3.7 percent and 3.4 percent for this year and last year, respectively.
"Our economists believe there is a high risk of fiscal slippage and the possibility of a sovereign ratings downgrade that could trigger more capital outflows," the bank said.
Ratings agency Moody's said on Tuesday it would consider downgrading Malaysia's sovereign rating if its financial prospects weaken or if its debt burden increases.
Like · Reply · 1m
Ricky Lim
That is why, we should have patience, should be cool and calm.
If they continue to play punk - we just need to hit their pockets that hurts them.
If they continue to play punk - we just need to hit their pockets that hurts them.
Like · Reply · 1m
CK Tee
Ricky Lim
Yes, Singaporean will need to learn to be patience to deal with Malaysian. The secret to deal with Malaysian is, you need to learn the skill to survive with flip flop and emotional decisions !!
Malaysian can adapt and survive in bad economy state, but you are already so used to develop status and I wonder if you are able to adapt when things surround you, be it economic, finance and business are not doing well, meaning a bearish period in Singapore economy?? So you see, I suppose that is why Malaysia government does at times make irrational decision that only they will know why they do so!!! And we just adapt and make the best out of it here.
Yes, Singaporean will need to learn to be patience to deal with Malaysian. The secret to deal with Malaysian is, you need to learn the skill to survive with flip flop and emotional decisions !!
Malaysian can adapt and survive in bad economy state, but you are already so used to develop status and I wonder if you are able to adapt when things surround you, be it economic, finance and business are not doing well, meaning a bearish period in Singapore economy?? So you see, I suppose that is why Malaysia government does at times make irrational decision that only they will know why they do so!!! And we just adapt and make the best out of it here.
CK Tee - For sure, it is time to pull investment away from Malaysia.
High debt, high debt interest to service, no feasible economic policy, fail to follow up in multi-lateral trade, poor credit rating, capital outflow, depleting financial reserves, divisive politics, racial and religion disharmony, flip flop policy that deter investment, falling currency exchange etc.
Hostile policy to us.
No reason for us to invest in Malaysia.
High debt, high debt interest to service, no feasible economic policy, fail to follow up in multi-lateral trade, poor credit rating, capital outflow, depleting financial reserves, divisive politics, racial and religion disharmony, flip flop policy that deter investment, falling currency exchange etc.
Hostile policy to us.
No reason for us to invest in Malaysia.
Frank Kam
Now what ?? Whose fault is it anyway ?? Why put up this report at all ? Be it $20 million or $200 million in lost income, this situation can only help to speed up your country's downward spiral to bankruptcy......
Goh Jon Hin
Case of Double-headed Forked-tongue Roti-Prata cutting away the nose to spike his face, trying to hurt Singapore while actually hurting his ownself, more.
Pher Kim Huat
This is what we mean by "you harvest what you sow". Instead of prosper together with your closest neighbour in S'pore, you choose to revert to those 93 years old mentality to repeat all those old unreasonable issues like water, bridge, etc and then add new unfounded disputes. How to clear your debt when your current govt officials are just politking or "hari hari wayang sajar" without implementing any new policy to improve your economy for the benefit of the people but only to benefit your own cronies for your own survival.
Georgie Tan
As long as Madman is happy, lost even 20b is not a problem to him, not his money. He is like Trump, citizen suffer never mind as long as he is rich.
Kwai Meng Tang
Firefly should claim the losses from the Malaysian and Singapore authorities as they are the ones "playing" politics that resulted in Firefly losses.
Teo Huai Wei Edmund
The only party which disallowed Firefly from using Seletar is the Malaysian auhorities. Kindly seek compensation from the right source. Thank you and get lost.
Reply · 26m
No comments:
Post a Comment