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The karmic circle of 64 live telecasts

Tonight, Fifa World Cup Soccer 2006 will move into the 'sudden death' phase where the Top 16 will knock out each other in 'do-or-die' matches. If the regular 90 minutes can't result in a winning team, a 30-minute extra time willbe added, failing which again a penalty shoot-out will be the decider. It's a time blood pressure heightens for the team managers as well as peanut and bigtime punters alike.

As the matches play out in stadia scattered around Germany, which is on a time zone of 6-hour difference from ours, Malaysia never had it so good with all 64 matches, from the 32-team preliminaries to the July 9 final, beamed live to our private bedrooms and our version of al-frescos at the mamak stalls.

Meanwhile, Singapore, which depends on live feeds from an RTM-relay, is crying foul of scrambled signals that it has no control over.

xialanxue_RTM1x500.jpg
SOURCE: xialanxue.blogspot.com June 8, 2006

Just watch the YouTube to know what it means that bother our usually more progressive neighbours by global benchmarks.

Live telecasts have come a long way in Malaysia. Today, you don't have to do the Adib Adam-Citizen Nades' way of the 1980's, where you had to get Ahmad Sebi to collaborate via Malay Mail to campaign for the live telecasts by means of Tajaan oleh Rakyat Malaysia. Leave it to our satellite broadcaster, it now has the power to milk the fat cows among advertisers -- Maxis, Hotlink, Petronas, Power Root et. al. to nurse your soccer fever.

So, who are we to thank for if not Astro? When Rocky Bru romanicised his gratitude to one of the four T. Anandakrishnan (AK) enterprises, ASTRO, he was mobbed and mocked. Mocked, partly because he had invoked the name of a man most demonised:

When Dr Mahathir told Malaysians of his plans to launch a satellite in space (in 1991, I think, during a press conference in Langkawi), many of us thought it was such a lofty thing to be doing. I had my reservations, too.

But, hey, it's not too late to say thank you to him now.

Such is the force of the karmic circle. You sow the seeds but it's not neccessary that you should reap the fruits.

Astro, which broadcasts all 64 matches live, is an outcome of a long-range vision entrusted in the hands of people capable of delivery to do the execution. And no doubt, the entrusted ones belong to the privileged few and they stand the risk of being dobby-marked "CRONY' on the forehead.

Mahathir's cronies, if one is to be specific with the spin-doctors' demonising rounds.

Some flashback is appropriate to narrate this karmic circle vividly.

Apart from advertisers' money, Astro relies on transponders mounted on Measat satellites to make the 64 matches beamed live to your bedrooms possible. And Malaysia has the distinction of putting the two birds into orbit, within a year in 1996.

That's the hallmark of Malaysia entering the multimedia phase as 1996 was the year the Multimedia Super Corridor (MSC) was launched. AK, the eminently privileged among the rare few to launch Measat satellites and ASTRO's 15-year monopoly to operate Malaysia's sole direct-to-home (DTH) payTV, has touted his act as a ground-breaker to "earn future's money'.

If you remember well, in 1996, Abdullah Ahmad Badawi was still swimming along the political tide in Wisma Putra.

And of course, at that early time, little did AK imply that Measat (then called Binariang Satellite Systems), would make money that will be resoundingly earned by such post-2004 outfit like ECM-Libra. More about this later.

'Karmic circle'

Not many people realised the significance of the chosen dates for the Measats 1 and 2 lauunches -- on January 13 and November 13, 1996, respectively -- but AK as the dominant owner of Measat must have pulled a joke on Mahathir. Numberical 13 is said to be Abdullah's favourite number. One of his vintage cars bears it on the numberplate, AAB13. The karmic circle had been in motion by then.

But Mahathir did have his moments of glory, didn't he? The two birds were acclaimed, and The Star and The NST were not the last to echo it, as the crowning moment of the Malaysia Boleh! spirit.

Measat_Launch1x500.jpg
Dr M was seen taking keen interest in the country’s national agenda of embracing and utilizing new opportunities of communications. The signing ceremony was held in Paris and this was the formalization and appointment of Arianespace as the preferred commercial launcher for Measat 2. Picture courtesy Asia PR, the public relations agency of record for Arianespace, the commercial launch service provider that propelled Measat 1 and 2


Measat_Launch2x500.jpg
Mahathir was in Kourou, French Guiana, to witness the launch of Measat 2 on November 13, 1996, which was tagged Mission V92 by Aianespace. The picture shows him being briefed on what takes place before the actual lift-off of the launcher carrying the satellites. Picture courtesy Asia PR


Measat_Launch3x500.jpg
Dr Mahathir and wife Dr Siti Hasmah (2nd & 3rd from right) visiting Arianespace's launch base in Kourou, French Guiana, during the countdown to the launch of Measat -2. The man on the far left is Mr. You-Know-Who. Picture courtesy Asia PR

With the two birds, AK's enterprises soared beyond the Tanjung Plc, which milks retail punters through the Big Sweep gaming business. After the on-time handover of the Kuala Lumpur City Centre (KLCC) project, AK's enterprises in telecommunications (main brand Maxis, sub-brand Hotlink, 5051, 5051-CA, 5051-OA), broadcast (ASTRO, 5076 and 5076-CA) and satellite communications (Measat, 3875) were nurtured to be listed on the mainboard of Bursa Malaysia.

I leave it to you to tabulate the total capitalisation of these three AK enterprises. As a quick reference, Astro raised RM2.03 billion in October 2003; Maxis Communications Bhd raised RM3.05 billion in July 2002; and Measat raised RM340 million from the sale of AK's 20% stake in Measat Global Bhd.

Meanwhile, ECM-Libra emerged as a conduit to tap this karmic circle after the Reverse Takover (RTO) exercise on South Peninsular Industries Bhd (SPI), which was completed in swift five months after Abdullah was elevated to be the Prime Minister who also holds the Minister of Finance portfolio.

'Knock-out Round'

Call that coincidence, but the timing was incredibly critical. ECM-Libra, then ECM Capital Sdn Bhd, was the advisor on the share placements for Measat, ASTRO and Maxis, in stages.

According to a Bernama story on March 17, 2004, ECM Libra was founded in 1994 as Libra Capital, which formed a chain of financial hot houses in Malaysia, Singapore and Hong Kong linked to Lim Kian Onn.

ECM-Libra was ranked No 1 in terms of equity capital market transactions in 2003, the year of Abdullah's ascension as the Prime Minister, when it handled 28% of the volume of shares transacted which were valued at US$531 million (about RM2.017 billion), Bernama reported.

That was the result of ECM-Libra being given the tasks of co-leading the Astro initial public offer, and solely managing placements by Maxis, MEASAT and YTL Power, a profit-making Independent Power Producer (IPP) in the country.

Recently, ECM-Libra swept into media lightlight when the Prime Minister's son-in-law, a corporate novice with no prominent business track-records, bought into the company after taken up shares worth in excess of RM9 million.

Public attention on ECM-Libra was further attenuated when it proposed a merger with, and takeover of, a Government-linked Company (GLC) Avenue-Capital, which has a larger capitalisation. However, the proposed merger exercise, now nearing completion, will ultimately see the principal shareholders in ECM-Libra taking management control.

Subsequently, ECM-Libra attracted political controversy when its chairman cum co-CEO, Kalimullah Masheerul Hassan, offered himself into the turmoil of the ensuing Mahathir-Abdullah saga.


SOURCE: The NST, June 12, 2006

The sideshow to this is a law suit filed recently over a June 14 Leslie Lau story in the Singapore Straits Times, which chronicled a public challenge hurled at Kalimullah to declare his assets amassed, including those in ECM-Libra, after Abdullah came into office.

This is the karmic circle of how a company variously enriched through the financial advisory assignments awarded by AK's enterprises, has volunteered its head honcho's arsenals to 're-position' -- in a crass, unsavoury taste -- the very same visionary man who had made AK's 'empire in the air' a reality. No sacred cows, but many call this something very alien in the history of Budaya Melayu.

Will the karmic circle cease to spin from here?

Keep watching the live telecasts. The knock-out round is now tersely playing.

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Comments

Karma presents you the opportunity for further development. It enables the individual to enlarge understanding through experience, to fill in gaps of ignorance, to do what should be done. Those who enjoy wealth, fame etc. in this life must rejoice of having earned that through his positive actions and at the same time try to earn more of that in the next life by being a good person.

And your thoughts create all reality. If you do not like the world, you must change YOUR thoughts. When you grow full and light with thoughts of PEACE, then there will be an end to war. Check this out at
http://powerpresent.blogspot.com/2006/06/why-is-there-so-much-war-and-violence.html

Hello Astro? We have a problem.
Can you please change your satellite dish from a KU-band to a C-Band? The damn weather is interfering with the broadcasts!

Malaysia, please give us live broadcasts !

Kind of silly of the gomen to delay all relayed broadcasts by several minutes.

Top work Jeff! I like the visual aids to keep the readers interested. A hole in the story (sorry if the subtlety has been lost on me): why would AK support ECM Libra?

To caribenar:
Ku band is used, despite rain interference, due to the small dish size requirement. Malaysian citizens are not allowed ownership of C-band dishes to aid in foreign media regulation. Smaller Ku band dishes mean us Malaysians are not able to pull down free-to-air (unencoded) C-band signals that have not been "massaged" to suit Malaysian eyes. Most international satellite pay TV companies are using Ku band (though most don't have the tropical weather we have in Malaysia)

To mikewang:
The live feeds are delayed to give the broadcasters time to self-regulate/censor any strange anomalies that may appear on live TV ("costume malfunctions" and such -- in fact I think US broadcasters are now practicing the delay as well, following Janet Jackson's Superbowl incident). Also gives time to insert localised advertising.

Hello Jeff,

I enjoy the way you blend two (perhaps 3) story items into one post! Great work.

One question comes into mind while reading this post. Perhaps a year ago a Dutch columnist wrote about the present Dutch politicians and he called our prime minister an administrator BUT not a leader. He's dead right. One quality of any leaders is the ability to 'foresee' what future might be, and be prepared.

To bar006,

When Astro first went on air, there was no such delay nonsense. I remember being able to watch Princess Diana's funeral seemlessly among the various stations carrying the event.

This stopped after the AI incident. Even CNN was heavily censored.

Today, except Bloomberg and NHK, all relay stations inserted a delay, ostensibly not for the insertion of commercials (which does not need the delay as transmitting station inserts a cue when coming to a commercial) but rather to trick the public so that the political reason for the delay may not be apparent.

Is it a wonder that Malaysia's first and only FAIR WEATHER CHANNEL is helmed by fair-weather friends who come and go as the wind blows?

INTERNET does not operate in a legal vacuum.
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