With the court rejecting a stay order on Jaring’s liquidation, all that remains is to see which pieces of the company go to which winning bidders. But there is still the unanswered question of why the Ministry of Finance sold Jaring to Utusan Printcorp and its MD Norhisam Mohamed Nor, writes Karamjit Singh.
The ISP which introduced the Internet to Malaysia in the mid-1990s has been declared insolvent and is on the verge of being broken up. Its remaining 200 staff are increasingly resentful of what they feel are some poor decisions. DNA founder Karamjit Singh wonders who is at fault.
Jaring, which introduced the Internet to Malaysia, is facing liquidation and ignominy, and its employees are asking questions over what has happened. Karamjit Singh has the story.
UPDATED Jaring Communications Chairman Datuk Dr Md Khir Abdul Rahman says they were only surprised at timing of CEO resignation and that the turnaround plan the ex-CEO structured is only just taking off. In the interim Khir will make sure that Jaring will continue to focus on plans and activities which are value creation.
Puncak Semangat’s initial interest in Jaring could very well be because of its data center infrastructure, which the Internet service provider has spent a fair amount of time and resources on building in the past two years, according to an industry observer.
Heikal M. Ali, executive director of Jalenas, still dreams of providing affordable high-speed broadband to Malaysians, and is putting his money where his mouth is.