(Flight MH370) What is Malaysia hiding, Beijing ponders

(Flight MH370) What is Malaysia hiding, Beijing ponders
(4 mins ago)
Malaysia drew further criticism from China over conflicting information on the missing Malaysia Airlines Boeing 777 today. State media and social media users voiced increasing scepticism as the search entered its 10th day.
Malaysian Prime Minister Najib Razak on Saturday announced that the disappearance may have been a “deliberate act” and that the Boeing 777 flew for several hours after leaving its intended flight path, AFP reports.
In an editorial, the China Daily newspaper questioned why the announcement from Kuala Lumpur came more than a week after the flight vanished and wondered whether Malaysia was sharing all of the information it had gathered.
“The contradictory and piecemeal information Malaysia Airlines and its government have provided has made search efforts difficult and the entire incident even more mysterious,” the newspaper wrote.
“What else is known that has not been shared with the world?” it asked.
Two-thirds of the passengers on board the flight were Chinese, and Beijing has been critical of Malaysia’s sharing of information — a concern reiterated Monday as fears mounted that the plane might have been hijacked.
“It is of the utmost importance that any loopholes that might have been exploited by hijackers or terrorists be identified as soon as possible because we need counter-measures to plug them,” the China Daily wrote.
Yao Shujie, the head of the School of Contemporary Chinese Studies at the University of Nottingham, wrote in an op-ed in China’s state-run Global Times newspaper that Malaysia “has lost authority and credibility” due to its chaotic response.
“The lack of national strength and experience in dealing with incidents has left the Malaysian government helpless and exhausted by denying all kinds of rumors,” Yao wrote.
He added: “If the search continues to be fruitless even following the new information, Malaysia would be better off handing over its command in the international rescue operation.”
The plane’s disappearance remained the most hotly debated topic on China’s popular social networks, with many users of Weibo, echoing concerns over the Malaysian government’s release of information.
“Why is it only now that they’ve confirmed it may have been hijacked?” one Sina Weibo user wrote Monday morning in response to the latest revelations by Kuala Lumpur. “Malaysia, what else are you hiding?”
Another posted: “I’m really getting more and more disappointed in Malaysia and their unreliable government. I’m not planning on travelling there anytime in the future.”
Last week, one of the most widely forwarded messages was a posting that read: “Vietnam keeps discovering. Malaysia Airlines keeps denying. China keeps sending rescue teams.”
On Monday, the meme had taken a new twist.
“Malaysia has been telling a week’s worth of lies. Vietnam has fished out a week’s worth of trash. China has forwarded a week’s worth of news,” read the latest viral message.

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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