China monitors US bombers in defense zone

 China's defense ministry spokesman Geng Yansheng on Wednesday said the country has observed US B-52 bombers flying in the newly established air defense identification zone over East China Sea.


http://english.cntv.cn/program/newsupdate/20131128/102355.shtml

Geng said the US aircraft flew south and north along the eastern border of the East China Sea Air Defense Identification Zone from 11:00 a.m. to 1:22 pm Tuesday, about 200 km to the east of the Diaoyu Islands.

The Chinese army monitored the entire process, carried out identification in a timely manner, and ascertained the type of aircraft.

"We need to stress that China will identify every aircraft flying in the air defense identification zone according to the country's announcement of aircraft identification rules for the air defense identification zone," Geng said.

"China is capable of exercising effective control over this airspace," Geng added.

China announced the East China Sea Air Defense Identification Zone on Saturday. The US State Department and certain officials expressed concern after the announcement.

Pentagon spokesman Colonel Steven Warren said Tuesday that the US conducted a training exercise that had been planned for a long time. It involved two aircraft flying from Guam and returning to Guam.- Xinhua

US B-52 bombers challenge China's new ADIZ

China's latest move in defending its sovereignty is facing opposition from other countries. Two US B-52 bombers have flown over the Diaoyu Islands in the East China Sea, in defiance of the air defense identification zone set on Saturday. China is taking a measured response, while stressing that it has the ability to manage and control its airspace.

http://english.cntv.cn/program/china24/20131128/100592.shtml

Just days after China announced the establishment of an air defense identification zone, or A-D-I-Z. The US sent two B-52 bombers through the zone and over the Diaoyu Islands

China’s defense ministry asserted it has the ability to control the airspace. It says it identified the aircraft and monitored the entire two hours and 22 minutes.

The US said it was a long planned training mission, and put its own spin on the matter to fault China.

"This unilateral action appears to be an attempt to unilaterally change the status quo in the East China Sea. This will raise regional tensions and increase the risk of miscalculation, confrontation, and accidents. We have made this case to China." US State Department spokeswoman Jen Psaki said.

Japan, which claims the Diaoyu Islands as its territory, was quick to join its ally.

“Our stance is that China’s move cannot be accepted, and so I think the US is also dealing with the issue with the same stance.” Japanese defense minister Itsunori Onodera said.

Aircraft flying through an A-D-I-Z must report a flight plan, maintain two-way radio contact and respond to identification inquiries, or face defensive emergency measures.

More than 20 countries and regions use such zones, including the US and many of China’s neighbors.

The Foreign Ministry called for calm, saying the zone does not target any country.

"China’s establishment of an air defense identification zone over the East China Sea is a legitimate exercise of the right of self-defense. It’s not aimed at any particular country or target. So we hope that the countries concerned will not overreact or panic over the event." Chinese Foreign Ministry spokesman Qin Gang said.

China has also lodged protests over US and Japanese criticism. The country says the establishment of the zone has a sound legal basis and is in accordance with common international practice.

Related post:

China sets up air defence zone over East China Sea, a strategic move

Are you settling PTPTN student Loan? Over 45,000 defaulters settling out of records total of 412,245

OVER 45,000 National Higher Education Fund (PTPTN) loan defaulters have come forward to settle their unpaid loans totalling RM23.44mil.

Deputy Education Minister Datuk Mary Yap said these defaulters had come forward to settle their dues following legal action initiated against 132,801 defaulters which included blacklisting them with immigration authorities.

“Following this, some 45,550 loan defaulters came forward to negotiate loan repayment with the PTPTN administrator with the amount at RM23.44mil,” she said in reply to a question by Wan Hassan Mohd Ramli (PAS-Dungun).

Yap said graduates were given 16 months upon graduation to secure a job and start loan repayment, after which three-reminders would be issued to defaulters over a period of six months before legal action is initiated against them.

“However, legal action and blacklisting them with the immigration authorities would only be the last resort. What is important is for them (loan defaulters) to come forward to negotiate their repayments,” she added.

To a supplementary question by Datuk Nawawi Ahmad (BN-Langkawi), Yap said there was no “automatic mechanism” to deduct the salaries of defaulters.

However, Yap said defaulters employed by the Public Service Department would be easily identified and issued notices to repay their loans.- The Star Nov 26 2013

PTPTN records total of 412,245 loan defaulters, says Muhyiddin 


KUALA LUMPUR, Sept 30 — A total of 412,245 borrowers did not service their National Higher Education Fund Corporation (PTPTN) loans as at August 31, said Education Minister Tan Sri Muhyiddin Yassin.

The deputy prime minister said, of the total, Malays formed the largest number of defaulters at 328,550, followed by the Chinese (55,445) and Indians (28,250).

He said there were currently 1.24 million PTPTN borrowers when replying to a written question by Lim Lip Eng (DAP-Segambut) at the Dewan Rakyat here today.

Muhyiddin said the enforcement implemented included blacklisting errant borrowers from going overseas, as well as summonses to raise defaulters' awareness, understanding and responsibility to repay their loans.

He clarified that such action was not made arbitrarily, without any room for borrowers.

“Based on its existing work procedure, PTPTN has been flexible in recovering loans from borrowers before they are blacklisted,” he said, adding that the move to blacklist, via immigration department, was a last resort to remind hardcore defaulters to repay their loans.

Muhyiddin said PTPTN had opened 12 state PTPTN offices, two one-stop centres and four branch offices at strategic locations to enable borrowers to negotiate loan settlement.

Apart from that, he said PTPTN had also given borrowers an incentive as announced by Prime Minister Datuk Seri Najib Tun Razak in the 2013 Budget last year.

It involved a 20 per cent discount for the settlement of the entire loan from October 1, 2012 to September 30, 2013 while PTPTN would continue to give a 10 per cent discount annually for those who made consistent repayment according to schedule from October 1, 2012.

Meanwhile, Muhyiddin said 1.36 of the 1.42 million or 88.9 per cent of the Muslim pupils from Year One to Year Six could master Jawi.

“There is no data on non-Muslim pupils who are literate in Jawi as Jawi is taught in Islamic Education,” he said. He was replying to a written question by Er Teck Hwa (DAP-Bakri) who wanted to know the number of trained teachers with qualification in written Jawi, as well as the number of Bumiputra and non-Bumiputra pupils who were literate in Jawi. — Bernama

Related Posts:

1.PTPTN l student loans: stick to its guns, written off, learn to pay back ?
2.Living life by finding fulfilment without landing in debt
3.Personal finance: what rich Asian women want for their money?

Related Links:
1. PTPTN LOANS RULES AND REGULATIONS • Malaysia citizen ...
2. PTPTN records total of 412,245 loan defaulters, says Muhyiddin ...
3. Muhyiddin: Malays form the largest number of defaulters of PTPTN ...
4. 5 Reasons Why You Should Reject PTPTN'S 1% UJRAH

Group buying giant Groupon, CEO Joel Neoh

Working conflict: ‘I tend to think of my work as leveraging conflict rather than managing it and often times, we learn the most through conflict,’ says Joel Neoh of Groupon Malaysia.

From runway model to successful entrepreneur, Joel Neoh will give any 30-year-old a run for their money.


AT the age of 20, he earned his first million – after founding a fast-growing student agency set-up. Three years later, he emerged as the winner of Malaysia’s first corporate reality TV programme, The Firm, despite being the youngest contestant on the show.

Joel Neoh has come a long way since. Now, he is an integral part of one of the world’s fastest growing companies, Groupon (as listed by Forbes in 2010).

Apart from juggling his day to day as the CEO of Groupon Malaysia, Neoh heads Groupon Asia Pacific, overseeing operations for the public-listed group-buying website company in 11 other countries: Japan, Australia, New Zealand, Korea, Singapore, Hong Kong, Taiwan, India, Indonesia, Philippines and Thailand.

The mechanical engineering graduate, who also modelled part-time during his university days, has been named Ernst & Young’s Entrepreneur of the Year 2012, Asia’s Top 10 Young Entrepreneurs by Top 10 of Asia magazine, and most recently, Young Global Leader 2013 by the World Economic Forum. Earlier this year, as a result of his professional achievements, Neoh was awarded the Malaysian Service Medal by the Prime Minister, Datuk Seri Najib Tun Razak.

Appointed as a key line-up speaker for The London Speaker Bureau and Asian Business Angel Forum in 2012, Neoh now also serves on the Advisory Board for the School of Business, Monash University.

That’s a whole lot to take in, for someone who just turned 30.

“Growing up, I was always asking a lot of questions; always challenging the status quo. I must’ve annoyed a lot of people. But looking back, I think that’s one of the key criteria of an entrepreneur – curiosity,” he said over a phone interview, undoubtedly squeezed in between his daily meetings.

In 2006, Neoh had set up Youth Malaysia, a non-government organisation that managed events for youths. After the successful conceptualisation of YouthSays, a survey platform for Malaysian youths (which become a big revenue churner), the organisation went on to organise Youth 08 – arguably the largest youth festival at that time.

After organising its third youth festival in 2010, Neoh realised that the Internet offered great business growth opportunities and that e-commerce, especially, was the holy grail of the World Wide Web.

In September 2008, Neoh founded GroupsMore, a Malaysian e-commerce company based on the business model of US-based Groupon Inc. Within three months, GroupsMore was catering to over 20,000 customers.

The company’s seemingly overnight success eventually caught the attention of Groupon Inc and instead of filing a lawsuit for copyright infringement (which Neoh feared when he first heard from them), the American corporation expressed interest in collaborating with its Malaysian counterpart.

In January 2011, GroupsMore was acquired by Groupon for an undisclosed sum and Neoh’s company became known as Groupon Malaysia. Under Neoh’s stewardship, Groupon Malaysia has become the leading social e-commerce platform in Malaysia and was dubbed the fastest growing country in Groupon for 2011.

“I’m always looking to take up the biggest challenges because I know that would give me the largest opportunity for growth and learning. It was difficult at first – while my friends were excited that it would soon be payday, there I was, worrying about whether I had enough money to pay my staff. My journey as an entrepreneur has evolved and every day is a challenge. But I believe in never, ever giving up,” Neoh opined.

Neoh also believes in this: recruiting people who are significantly better than himself. “I make it a point to hire people who have better skills so that we can all learn from each other. So far, we’ve brought some of the best talents onboard.”

Of course, doing that also requires the man to set aside his ego.

“It’s hard, but it must be done. There’s no point in hiring people who aren’t better than I am, because all I’d would get be team that listens to me, without really challenging what I have to say. I tend to think of my work as leveraging conflict rather than managing it and often times, we learn the most through conflict.”

Neoh is also big on giving back to the society, and has been championing for the larger group to take on more of such activities. Most recently, he pooled resources to raise over USD$100,000 (RM318,700) within a week for the victims of Typhoon Haiyan in the Philippines.

In retrospect, Neoh revealed that he had a hard time convincing his family, particularly his mother, about his passion for entrepreneurship.

“My mom had no clue what I was up to – she must’ve had a hard time explaining what I did to the relatives. I was constantly trying to convince her to let me become an entrepreneur, and that was also part of the reason why I joined The Firm. After I appeared on the show, she started burning DVDs of the episodes for all my aunts and uncles.”

Still, Neoh was quite sure that his mother had yet to catch on to the bigger picture.

“It was not until a year ago when I bought her an iPad that it finally struck her, because her friends kept telling her to go onto the Groupon website. I think the best way for my mom to understand what I did was to be an end user of the service itself. For me, the most rewarding thing is when the people you care about start using and believing in the things you build.”

- Contributed by Lee Mei Li The Star