Correction And Bashing of a Whistle Blower?

Bashing out on howour financial news reporters uses the phrase 'it's believed' and 'according to sources', Iblogged the following post: Can Our Financial Reporters Report Facts And Not Heresay?

Well, I made a mistake when I wrote the following:

Again, its believed. How about some actual factual reporting and not it is believed or according to sources?

• MTD Infraperdana plans RM460m capital payout
  By Francis Fernandez
  bt@nstp.com.myN
  November 17 2006
  MTD Infraperdana Bhd, country's second largest toll road operator, is believed to be considering a proposal to return as much as RM460 million to shareholders, bankers familiar with the matter said yesterdayIt is believed that the proposal alongside a plan to raise fresh debts was submitted for consideration to the board this week.A capital repayment of 40 sen a share translates into a total cash payment of RM460 million, based on MTD Infraperdana's paid-up capital of RM1.16 billion.

And of course MTD Infra denies such proposal

• We wish to clarify that the Company is always evaluating opportunities to enhance its shareholders' value but the Board of Directors has not deliberated on the capital repayment proposal

Made the error of not reading the message in full:

ARTICLE ENTITLED: "MTD INFRA MULLS RM350M CASH PAYOUT"

Error was the MTD reply was made in respect to the Sun article and not the Business Times article.

• We refer to Bursa Malaysia Securities Berhad's ("Bursa Securities") query letter dated 17 November 2006 regarding the above titled news article which appeared in The Edge Daily on page 32 of theSun, on Friday, 17 November 2006.

Many thanks for correcting me.

Now here's an even more interesting issue. Both written on Nov 17th. The Sun article stated 350Million. Why and how did Business Times get 460 million!?

All this from a comment posted on this blog posting: How Now SC?

• Wow, great investigative report moola, but sounds like you have twisted your facts. I checked the MTD Infraperdana story, and wow there was a query from Bursa Malaysia, but it was on a financial daily article, written by a CHINESE writer, one DAY before the Business Times article appeared. Same way I checked the Time DotCom story written by Mr Barrock. It seems to me that the Edgedaily had an article out, a GOOD day before Mr Barrock wrote it in the Star, by the SAME CHINESE reporter. But Moola, obviously you did not see it, the same way you did not see the Bursa Query on MTD. Or maybe you saw it that is why even though you took pains to post the Bernas reply in full, you somehow was a bit lazy to do so for the MTD story. Are you a racist, plain stupid or just incompetent? please let us all know. By the way, why hide behind your mirror site? Last I checked on the IJM-Talam story, you forget to mention that few CHINESE papers also carried it?.....Is it get the Indian reporters, so that chinese financial reporters can dominate again....Hey moola, we are all waiting for your comments on CS Tan's the world is the oyster for GP Ocean....where is it? Padi Beras up six sen? what is the commission for it?

Bashing of a whistle blower?

Turning this into a racist issue?

Incredbile but I am sorry if it's a fault that I do not read Chinese.

And does it matter who reported it first? As a financial journalist reporters, can they not confirm their sources? See this is the problem, yes? And on a broader perspective, is it not wrong to do wrong even though one is not the first to do so? Take for example, the case of rioters. A rioter is a rioter is a rioter. Does it matter if the rioter is not the first rioter? So does it matter who made the reporting first? Isn't it more important to have financial news with better integrity and not based on uncomfirmed sources?

Take MTD infra again. Both written on Nov 17th. The Sun article stated 350Million. Why and how did Business Times get 460 million!?

I guess I am rocking the boat too much that the only way you could attack me via turning this into a racial issue.

Doh!

And posting in a chatbox under my name?

And this one?

*** snapshot has been removed due to the vulgar words posted ***

Are you proud of yourself?