Tag: Muslim

Good Samaritans Help Malay Family Who Now Don’t Have To Be Homeless For Hari Raya

Thanks to Good Samaritans, the HDB default rent of $414 was completely paid since last night when we broke the appeal for funds so that a Malay family staying at Yishun rental flat won’t be evicted during Hari Raya.

Good job Singaporeans! And shame on you HDB!

Poor People’s Campaign – a ground-up community initiative to improve the living condition of the poor among us.

A Muslim couple may have to spend their Hari Raya homeless as HDB will evict them by 30th June if they can’t pay the rental default of $414 or 3 months’ rental.

The husband is a pest controller – he has two sons and a wife who looks after the kids.

His salary is only $1000 before CPF deduction.

There are other outstanding bills eg SP and S & C but the rental one seems more important as it means having a important roof over their head.

If you can help out with any amount, please pay it at any AXS machine with the account number taken from the post: 2810-0792-6-14

Don’t let them celebrate Hari Raya homeless!

Source: Gilbert Goh

June 1, 2017
Damanhuri Abas: Singaporeans Need Truly Independent, Non-Partisan President

With this announcement from the Government, we Singaporeans would now state our expectations on the Malay President to be that we, Singaporeans of all races will be voting for in September.

As spelled out in the raison d’être of having an Elected President, the position comes with critical Presidential powers of financial oversight for our vital billions of dollars of reserves. He or she is the safeguard and second key to our reserves. He or she must rigorously check the government to know how well or badly they managed the collective money of the people. This monies are invested and since the Government refused full transparency to disclose the truth of the state of our reserves in clear details, the President is the only hope of the people to hold the Government accountable on our behalf.

Thus the President to be must be someone who has experiences managing in the real sense, multi-million dollar operations in a position of direct and primary responsibility. He or she is accountable for the positive outcome of the business or otherwise must be able to face the rigour of explaining any failures when it happens with all its consequences.

A person with such capabilities most likely would only be someone who has run himself or herself, successful multi-million dollar setup with thousands of employees under his or her charge and care. Someone from the private sector would be ideal as the public sector immunes somewhat from the demanding scrutiny and consequential rigour.

The honest question Singaporeans should now ask is, are there any such persons of capable experience and merit in the Malay community to be given that trust by the people? If there is such a person that emerged to contest, Singaporeans should make the right choice of electing that person instead of anyone from the Government rank and file from the Malay community which sadly do not have any experience given of the above scale of financial amount and responsibility as mentioned, working in the Government.

Ultimately, the overwhelming evidence of late from rampant price and tax hikes on the people, and the sudden changes to the constitution to game the system, the people must be fully cognisant of the dangers of unchecked and uncontrolled Government going rogue. Thus the people all the more needs a truly Independent Elected President. And that will never come from someone who is a known Government man or woman who will tow the government line instead of being its very gatekeeper.

Source: Damanhuri Abas

June 1, 2017
Prominent Malays Named As Potential Candidates For Elected President

Mr Mohamed Salleh Marican’s declaration of his interest in running in the upcoming presidential election is not a total surprise.

As a prominent, successful Malay entrepreneur, his name is among several talked about in recent weeks as a possible presidential hopeful for the September election.

Meanwhile, two other figures seen as potential candidates – former minister Abdullah Tarmugi and Bank of Singapore chief executive officer Bahren Shaari – told The Straits Times they were not keen on standing for the election.

Speaker of Parliament Halimah Yacob, 62, who is widely considered a front runner, did not respond to queries from The Straits Times.

Mr Mohamad Salleh, explaining his intentions, told The Straits Times in an e-mail yesterday: “I believe I have done well for myself in business and would like to step up and give back to society in a much larger way.”

When contacted, two other prominent individuals from the Malay community touted as potential candidates confirmed they were not eyeing the election.

Mr Bahren, 54, told The Straits Times in an e-mail: “I am humbled to have my name mentioned as a potential candidate for this year’s presidential election by various media. It is always a privilege and honour to serve the nation.

“At the moment, my focus is on growing the business of Bank of Singapore with my team and deriving the synergies from our recent acquisition of the wealth and investment management business of Barclays Bank PLC.”

Mr Abdullah, 72, said it is “unlikely” he will run in the election.

“I had considered contesting earlier and many had in fact encouraged me to do so. But it is unlikely that I will contest. I have my reasons,” he said, declining to elaborate.

Other names that have been mentioned include Mr Shafie Shamsuddin, 46, the chief executive officer of PT Trans Retail, which operates Carrefour supermarkets in Indonesia.

Mr Shafie, who could not be reached for comment, was named outstanding overseas chief/senior executive of the year at last year’s Singapore Business Awards.

He is the first non-Frenchman named in 2011 as an executive director of the global supermarket giant Carrefour, taking charge of talent management and organisational development.

Source: www.straitstimes.com

June 1, 2017
Mohamed Salleh Marican – An Inspiration To Investors And Entrepreneurs

Truly an inspiration to investors and entrepreneurs alike, Mr Mohamed Salleh Marican (or Mohamed Salleh S/o Kadir Mohideen Saibu Maricar as he is registered at the SGX) is the very embodiment of the epigram, “try and try until you succeed”. Undaunted by a first failed business, Mr Salleh put up what is now Second Chance Properties, and hasn’t looked back since.

Now the company’s CEO and Executive Chairman as well as its founder, Mr Salleh is also a Spiking Sophisticated Investor. An SGX announcement last January put the post-transaction percentage of his direct and deemed shares of Second Chance Properties at 57.78%, and 8.45% respectively.

If There’s a Will…

Mr Salleh began as an entrepreneur in 1974, when he established a menswear tailoring business which he was compelled to shut down soon afterwards. He tried again just five months later by opening Second Chance, sticking to the menswear segment but switching to ready-to-wear retail. His determination paid off, and in less than 10 years, he had four outlets in Singapore.

By 1988, Mr Salleh had adopted franchising, affordable pricing and a Western fashion image for Second Chance, which enabled him to grow the company to include 18 stores in Singapore and 7 stores in Malaysia.

Mr Salleh’s first major award proved to be a double-edged sword, as winning created awareness of Second Chance as a local brand. As sales dropped drastically, he decided to change strategies again, and close 21 of his 25 stores. By 1992, he had diversified his business into ladies’ ready-to-wear for Malay women. The new line, dubbed “First Lady”, is still a bestseller today.

Mr Salleh then followed up First Lady’s success with Golden Chance, which retails gold jewellery. Soon afterwards, during the Asian financial crisis, he again diversified his business to include property, which turned out to be his most successful venture yet. Property now accounts for over 60% of the company’s profits, with rental income being the top contributor.

Today, Second Chance has over 200 employees working in 50 stores in Singapore and Malaysia. After listing on the SESDAQ in 1997, Second Chance moved to the SGX Main Board in 2004.

Mr Salleh has since won several other awards, including the Inaugural Malay Businessmen Award from the Singapore Malay Chamber of Commerce and Berita Harian; the Entrepreneurship Excellence Award from Lianhe Zaobao and the Entrepreneurship Development Centre of Nanyang Technological University; the Ernst & Young Entrepreneur of the Year award, and the Best CEO Singapore Corporate Award.

Mr Salleh in Action

Mr Salleh’s latest trading activities include increasing 1 million deemed shares of Second Chance Properties at SGD0.25 at the end of last January. A few days before, he had also increased 291,500 deemed Second Chance shares at SGD0.252.

Follow the investing action of Mr Mohamed Salleh S/o Kadir Mohideen Saibu Maricar at https://spiking.com/v/mohamedsalleh, and track Second Chance Properties’ performance at https://spiking.com/sgx/528-second-chance-properties-ltd.

Source: https://blog.spiking.com

June 1, 2017
Who Is Mohamed Salleh Marican?

Mr. Mohamed Salleh Marican is the Founder of Second Chance Properties Ltd. and serves as its Chief Executive Officer and also served as its Executive Chairman since November 30, 2013.

Mr. Marican has 33 years of retail business experience. He served for 3 years at National Service and left with the rank of Lieutenant.

He served as the Chairman of Second Chance Properties Ltd. until December 2007. He has been Executive Director of Second Chance Properties Ltd since August 5, 1986. He serves as an Executive Director of Second Chance Properties Ltd..

In 1988, he won the inaugural Malay Businessman Award, jointly organized by the Singapore Malay Chamber of Commerce and Berita Harian.

In 1996, Mr. Marican received the Entrepreneurship Excellence Award that was conferred by Lianhe Zaobao and the Entrepreneurship Development Centre of the Nanyang Technological University.

Source: www.bloomberg.com

June 1, 2017