Ganesh Sahathevan

The CALPERS Electric Utilities Report was based on responses from 112 of 265 global power companies surveyed by the Carbon Disclosure Project (CDP), a venture by 225 institutional investors with $31.5 trillion under management. The survey asked electric utility companies about commercial risks and opportunities posed by climate change, the impacts of greenhouse gas regulation, physical risks associated with climate change, relevant technologies and innovations, and related management responsibilities. The full report can sighted at http://www.calpers.ca.gov/eip-docs/about/press/news/elec-util-265.pdf . Reference to YTL Corp can be found on page 47. YTL is marked "NO RESPONSE." And yet , the Pencil of God, otherwise known as Francis Yeoh has declared: "Climate change has emerged as a challenge faced by every citizen in the world; we are currently at a crossroads, and if we don’t face it now, it will be at a dire cost to ourselves, to the environment and to the health of...

by Ganesh Sahathevan The choir boys at Airasia are reported to have said(see below) : AirAsia Bhd said its net profit for the year ended June 30, stated in accordance with Malaysian Accounting Standard Board (MASB) principles, including FRS 112 (2004) on Income Tax, will be "significantly different" compared with that reported according to International Financial Reporting Standard (IFRS), principally IAS 12. .....AirAsia said its auditors, PricewaterhouseCoopers, had confirmed that the net profit of RM242mil could be reported under IAS 12. It said for future releases, it would provide two sets of results to comply with both MASB and IFRS standards ."The deviation arose because the Malaysian accounting standard does not allow the company to recognise the investment tax allowance granted to it by the government," the statement said. Readers should note that recognition of the investment tax allowance affects the provisions that AirAsia needs to make for deferred taxe...

SO IT BE WRITTEN a) Said Francis Yeoh, CEO YTL Corporation BHD "It is sometimes tempting to believe that I deserve some of these awards but the truth is, God writes the script and is the author of my faith and my life and I'm just a humble wiggly willing little pencil in His hand." (Source: http://www.cnbcasia.com/abla2005/finalist6.shtm ) b) Said Ruth Yeoh, daughter of the Pencil of God, and director YTL Crporation "I am only God's messenger and am continuously guided by Him to do the right thing. To protect the Earth, the environment and His creation the best I can. "...YTL takes this commitment very seriously. We constantly engage in-house engineers, ecologists and management to see how much more we can do to make sure our operations minimise impact on the environment. We try to go well beyond what the laws require of us." C)Said Ani Arop, former execuctive chairman TNB, who had the privellege of b eing on the receiving end of God's Pencil: Whe...