Hornbill Unleashed

November 19, 2013

What’s next for Effendi – politics or business?

Joseph Wong

In what is seen as a management buyout, Effendi and his daughter Efeida, 40, sold their controlling 30.55% stake in Encorp in July to his friends Yeoh Soo Ann (CEO) and Mohd Ibrahim Masrukin (COO). At the time, Encorp shares were worth 66 sen each, which meant Effendi and his daughter would have bagged at least RM44 mil from the 66,636,036 shares they collectively held through Lavista Sdn Bhd.

Effendi, born on an island off Johor, has had a long and chequered career in business and politics. In the early days of his corporate career, he was hand-picked by Taib to be executive chairman of the successful Sarawak Economic Development Corporation (SEDC), from 1981 to 1995. At that time, he also held the influential post of treasurer of Parti Pesaka Bumiputera Bersatu (PBB), headed by Taib. PBB is the dominant party in the ruling state Barisan Nasional (BN) coalition.

(more…)

November 8, 2013

Taib: Hero or hypocrite?

Mariam Mokhtar

If Sarawak Chief Minister Tan Sri Taib Mahmud can sound like the voice of reason, then it is clear that Umno-Baru is in terminal decline.

When the verdict on the Allah word issue was announced last month, Taib’s speech resonated with many Malaysians when he said, “To us (Sarawakians) there is no issue. We have lived with people of different races and different religions for many decades, even before Malaysia.”

Taib is a shrewd politician who has the benefit of age and experience. He appears to be more in touch with his grassroots supporters, unlike Prime Minister Datuk Seri Najib Razak who panders to extremists. (more…)

October 7, 2012

Sarawak Workers Party in troubled waters ?

Dukau Papau

Trouble is said to be brewing in the five-month old Sarawak Workers Party apparently stirred up by financial problems as three members of its supreme council are quitting, an inside source revealed today.

Even some of its potential candidates, including Ellison Ludan, a lecturer tipped to vie against Aaron Dagang in Kanowit are said to be taking the feet off the gas pedal of their political activities for the same reason, he said.

The source said: “Many of its workers and singers accompanying them to longhouses have complained that they have not been paid their promised allowances. (more…)

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