Malaysians should by now wake up from their .54 years slumber.Our first P.M, Tuanku Abdul Rahman was an honest man. He did not accumulate wealth beyond what he earned from his stipendary. When he died he did not die a wealthy man because during his brief but momentus tenure he was loved by all the races he governed.because he was not corrupt.
This continued. with Abdul Razak's tenure . There was hardly any whisper of corruption or perhaps because there was no independent or alternative media to expose any corruption.But that changed with Mahathir;'s asccendancy.
Under Mahathir's 22 years tenure, many things changed.He left behind a legacy of failed , instituitions which not only became subservient to the executive but in many aspects lost its direction and obligations to the people it was supposed to serve. The judiciary, the Police, the Attorney-General,and a host of othe public instituitions simply became a tool which only served Mahathir.Failure to serve his interests and desire would incur his wrath as happened to the Lord President of the Judiciary, Lord President Salleh.
Not only did Mahathir left behind a legacy of corrupt instituitions but he was himself instrumental and emboiled in many dubious deals which saw his family ensconced as one of the richest in Malaysia.Yet, despite his failings as a leader, we still today have people hero worship him as if he had left a lasting legacy.Sad to say, if truth be told,the only legacy which he left behind was a country destined to be racially divided and in the precipice of bankruptcy.History will truthfully depict him as a selfish ,egoistic leader who hid under the charade of helping the indigeneous malays while enriching his family and cronies.. Many of his supporters claimed his contributions in the development of the country's infrastructure.but building multi million dollar structures and highways do not require any special expertise as long as you have access to unlimited funds from Petronas.Any ten year old who can speak just have to repeat the word ' build it' and presto it will be built.
Malaysians must wake up from this long 54 years slumber and make a conscious effort to remove the present ruling regime which no longer serve the interest of the people..Malaysians must know unless they make this critical decision via the ballot box, this country will degenerate to a third world country similar to Zimbahwee..We do not have the luxury of waiting for another time or another election. We need to do it now, at the next General election.and failure to change this govt is not an option because it will inevitably bring the destruction of this country that all Malaysians love.
Saturday, June 23, 2012
Probe all our extremely wealthy Finance Ministers.
No wonder our country's finance is in such dire straits. The latest accusation by former Deputy Bank Governor, Datuk Abdul Murad Khalid if true proves only one thing.That the ruling government has been plundering our nation's coffers. If the former Deputy Governor 's accusation is true then it can be concluded that previous Finance Ministers and present Finance Minister are also capable of the same criminal act.
The system of check and balance must have been so weak and feeble that each and every one of our Finance Ministers must have accumulated untold wealth. So why point finger at only one finance Minister? Daim Zainuddin retired a billionaire. Mahathir, made his family one of the wealthiest in Malaysia if not asia.. His son, Mokzani even was reported to be one of the top 10 wealthiest individual in Malaysia.Lately , Mokhzani's San Miguel brewery company bought over Esso Malaysia. Abdullah Badawi's one term Prime Ministership saw his wealth accumulation leaped manifold with revelation's of his assets in western Australia.What about the present Finance Minister, Najib? His involvement with the Scorpene submarine and the exorbitant commision paid to his close associate, Razak Baginda is already common knowledge.
So what brought out the Deputy Governor from the woodwork after being dormant for almost two decades?If Datuk Abdul Murad is serious about his allegations against Annuar, then he should also reveal the transgressions of Daim Zainuddin and Mahathir. To just single out that Annuar alone was guilty of his alleged transgressions is too far fetched and unbelievable. And if indeed his allegations borders on the truth , then it only portrays a grim picture of how our country's finances have been managed by the ruling govt for the last 54 years.
The system of check and balance must have been so weak and feeble that each and every one of our Finance Ministers must have accumulated untold wealth. So why point finger at only one finance Minister? Daim Zainuddin retired a billionaire. Mahathir, made his family one of the wealthiest in Malaysia if not asia.. His son, Mokzani even was reported to be one of the top 10 wealthiest individual in Malaysia.Lately , Mokhzani's San Miguel brewery company bought over Esso Malaysia. Abdullah Badawi's one term Prime Ministership saw his wealth accumulation leaped manifold with revelation's of his assets in western Australia.What about the present Finance Minister, Najib? His involvement with the Scorpene submarine and the exorbitant commision paid to his close associate, Razak Baginda is already common knowledge.
So what brought out the Deputy Governor from the woodwork after being dormant for almost two decades?If Datuk Abdul Murad is serious about his allegations against Annuar, then he should also reveal the transgressions of Daim Zainuddin and Mahathir. To just single out that Annuar alone was guilty of his alleged transgressions is too far fetched and unbelievable. And if indeed his allegations borders on the truth , then it only portrays a grim picture of how our country's finances have been managed by the ruling govt for the last 54 years.
Saturday, June 02, 2012
Malaysia Will Never ever Be a Developed Nation.
To be a deveoped nation in 8 years time is a far fetch dream.But our present leaders espoused the dream as if that goal can be realised.in that time.
After more than 100 years after the American civil war , they now have a black man as the U.S President.. In India, with a population of 90% Hindus, they have a sikh man as their President. Obama and Mamohan Singh share one common denominator. They are a miniority in the country where they are elected to the highest office.These two leaders were elected not because of their religion nor because of their race but they were elected because they were extraordinary persons with extraordinary talent.. Talent that could bring the country to dizzing height of sucess. Both accomplished their goals and vindicated their election to their office. Obama managed to eliminate Osama Bin Laden, and Mamohan Singh brought India to unprecedented economic development.
While all these events are happening in this millenium, Malaysia is still mired in the debate that our country will continue to ensure that the next P.M will be a muslim malay..Yes, both side of the political divide has agreed that status quo will remain.Both B.N and Pakatan will continue to travel the same route that we had used for the last 54 years.A malay muslim will continue to helm this country no matter who takes over the reign of govt.
It seems regretably that after a span of 54 years we have still not moved away from the bondages of race and religion. Times have changed, countries have changed but for Malaysia, it seems time did not stood still, but we have regressed to a dark period where race and religion still matters.
Does it not seem odd that we should still prefer to be governed by crooks who would not hesitate to plunder the nation's coffers rather than elect someone who is honest and posesses quality of leadership.? Are this not qualities that we seek and vital for a country to progress and develop?Or do we still prefer crooks who are malay muslims to be our leaders?If that is the criteria to be elected as a leader for this country then this country is doomed.
Why have we not learned from History? Were we not told that those who dont learn from history are bound to repeat the same mistake?Let us examine some of the present facts. From Indonesia to the middle East where countires are governed by predominantly muslim leaders the scenario is errily similar. The muslim Presidents or despotic feudal rulers are all corrupt.They principally share one common trait. They are corrupt to the hilt. They have no qualms accumulating private wealth from their positions as rulers and Presidents.All these countries suffer the same consequences. The few leaders are wealthy while the mass lives in abject poverty.. This only lead to one inevitable solution. Arab Spring.
Malaysia can neither progress nor can we achieved develop status if we continue to adopt this myopic way of selecting our leaders.We want the best to lead our nation and we want honest leaders who will accumulate wealth for the nation's coffers and not for his own personal self. We must therefore adhere to what President of China once espoused. We dont care whether the cat is black or white as long as it catches the mice.
After more than 100 years after the American civil war , they now have a black man as the U.S President.. In India, with a population of 90% Hindus, they have a sikh man as their President. Obama and Mamohan Singh share one common denominator. They are a miniority in the country where they are elected to the highest office.These two leaders were elected not because of their religion nor because of their race but they were elected because they were extraordinary persons with extraordinary talent.. Talent that could bring the country to dizzing height of sucess. Both accomplished their goals and vindicated their election to their office. Obama managed to eliminate Osama Bin Laden, and Mamohan Singh brought India to unprecedented economic development.
While all these events are happening in this millenium, Malaysia is still mired in the debate that our country will continue to ensure that the next P.M will be a muslim malay..Yes, both side of the political divide has agreed that status quo will remain.Both B.N and Pakatan will continue to travel the same route that we had used for the last 54 years.A malay muslim will continue to helm this country no matter who takes over the reign of govt.
It seems regretably that after a span of 54 years we have still not moved away from the bondages of race and religion. Times have changed, countries have changed but for Malaysia, it seems time did not stood still, but we have regressed to a dark period where race and religion still matters.
Does it not seem odd that we should still prefer to be governed by crooks who would not hesitate to plunder the nation's coffers rather than elect someone who is honest and posesses quality of leadership.? Are this not qualities that we seek and vital for a country to progress and develop?Or do we still prefer crooks who are malay muslims to be our leaders?If that is the criteria to be elected as a leader for this country then this country is doomed.
Why have we not learned from History? Were we not told that those who dont learn from history are bound to repeat the same mistake?Let us examine some of the present facts. From Indonesia to the middle East where countires are governed by predominantly muslim leaders the scenario is errily similar. The muslim Presidents or despotic feudal rulers are all corrupt.They principally share one common trait. They are corrupt to the hilt. They have no qualms accumulating private wealth from their positions as rulers and Presidents.All these countries suffer the same consequences. The few leaders are wealthy while the mass lives in abject poverty.. This only lead to one inevitable solution. Arab Spring.
Malaysia can neither progress nor can we achieved develop status if we continue to adopt this myopic way of selecting our leaders.We want the best to lead our nation and we want honest leaders who will accumulate wealth for the nation's coffers and not for his own personal self. We must therefore adhere to what President of China once espoused. We dont care whether the cat is black or white as long as it catches the mice.
Monday, May 14, 2012
Negri Sembilan must Fall to Pakatan
Negri Sembilan's present B.N model of government is no longer sustainable. Many pundits has predicted its downfall in the next election and the people believed that it would be good for the state if there is indeed a change of govt. The present and the past government under Isa Samad is no different.The state administrative civil servants are inefficient and things get done in a usual 'tidak apa' manner.
Investors are stuck in a time zone where any kind of approvals are either rejected or simply approved with impossible conditions. The state excos seem to think that every approval have a price to be paid and no payments means no approval.
The recent billboard privatisation was another example of the action to impose surchage which was many times the previous price. Someone in the state govt saw an opportunity to make a quick buck and immediately gave the monopoly to a company that had no expertise in the enterprise. Such practice has become prevalent in Negri Sembilan . You dont need experience or expertise. All you need is political connection and the right cables.
Sand business in Negri sembilan is a lucrative enterprise. More so when it is being monopolised by the chief Minister sibling. A businessman lamented that he sought approval from the exco to mine sand in his own private land and each time it was rejected without any reason being given. He had obtained all his 'sokongan' from the environment dept and the majlis Bandaran but each time his application was rejected by the exco.Altogether his application was rejected three times and he has given up on further application. He couldnt understand why his application was rejected when the state could collect revenue from the royalty from the sand mined. That perhaps summed up the present Negri administration . Its not what you can give to the state that is important but what you can give to the right people for your application to be approved.
Investors are stuck in a time zone where any kind of approvals are either rejected or simply approved with impossible conditions. The state excos seem to think that every approval have a price to be paid and no payments means no approval.
The recent billboard privatisation was another example of the action to impose surchage which was many times the previous price. Someone in the state govt saw an opportunity to make a quick buck and immediately gave the monopoly to a company that had no expertise in the enterprise. Such practice has become prevalent in Negri Sembilan . You dont need experience or expertise. All you need is political connection and the right cables.
Sand business in Negri sembilan is a lucrative enterprise. More so when it is being monopolised by the chief Minister sibling. A businessman lamented that he sought approval from the exco to mine sand in his own private land and each time it was rejected without any reason being given. He had obtained all his 'sokongan' from the environment dept and the majlis Bandaran but each time his application was rejected by the exco.Altogether his application was rejected three times and he has given up on further application. He couldnt understand why his application was rejected when the state could collect revenue from the royalty from the sand mined. That perhaps summed up the present Negri administration . Its not what you can give to the state that is important but what you can give to the right people for your application to be approved.
Saturday, May 05, 2012
Sunday, April 29, 2012
Bersih's 28th april Demonstration.
28th April 2012 will go down in the annals of Malaysian history as a day of infamy.Infamy for the incumbent govt and a glorious day of victory for those who yearned for electoral reforms .Nearly 300,000 people from all shades of life came to participate in a show of people's power to display their displeasure at the Election Comisision's inabilty to provide a clean electoral roll for the next election.
History is replete with examples of how crumbling regimes will use all their might to cling to power and the current govt 's action is no exception. The refusal to allow Bersih's organisor to assemble in Dataran Merdeka was a tardy excuse to disallow the demonstration to take place.The use of unnecessary force to disperse the crowd under the pretext that the protestors had breached the barrier was no excuse.
For a long time Najib and his band of UMNO ministers had paid heed to the small group of the protestors from Perkasa, Perkida and a small thuggish group from UMNO Youth. These small group of protestors would protest under various pretext at the various issues in the Pakatan States.. They would make frivolous police report and the latter under political pressure would harass Pakatan members.These various bands of protestors hardly number more than 150 members and each time their protest would be use as a benchmark for the authorities to take action. But what Najib and his UMNO members fail to see is that these protestors are only a vocal miniority.
But on 28th april 2012, 300,000 people came to the streets to show their abhorrence at the elecetion commission failure to clean up the rolls. They demand electoral reforms and this protestors constitute a vocal majority. Najib should take heed that this is a sizeable majority who view the flawed electoral rolls and demand immediate reforms before the next poll.If Najib fails to address this demand then any victory in the next election by Najib's B.N would be deemed illegitimate.
History is replete with examples of how crumbling regimes will use all their might to cling to power and the current govt 's action is no exception. The refusal to allow Bersih's organisor to assemble in Dataran Merdeka was a tardy excuse to disallow the demonstration to take place.The use of unnecessary force to disperse the crowd under the pretext that the protestors had breached the barrier was no excuse.
For a long time Najib and his band of UMNO ministers had paid heed to the small group of the protestors from Perkasa, Perkida and a small thuggish group from UMNO Youth. These small group of protestors would protest under various pretext at the various issues in the Pakatan States.. They would make frivolous police report and the latter under political pressure would harass Pakatan members.These various bands of protestors hardly number more than 150 members and each time their protest would be use as a benchmark for the authorities to take action. But what Najib and his UMNO members fail to see is that these protestors are only a vocal miniority.
But on 28th april 2012, 300,000 people came to the streets to show their abhorrence at the elecetion commission failure to clean up the rolls. They demand electoral reforms and this protestors constitute a vocal majority. Najib should take heed that this is a sizeable majority who view the flawed electoral rolls and demand immediate reforms before the next poll.If Najib fails to address this demand then any victory in the next election by Najib's B.N would be deemed illegitimate.
Tuesday, April 03, 2012
Malaysian Education system better than U.S and U.K?
Muhyiddin should be a comedian rather than a federal Minister. What on earth was he thinking when he said Malaysian Education system is better than U.S and U.K. If that is his correct opinion then may we ask why are we spending millions to sponsor our students to have their education in U.S and U.K? Surely it would be a waste of public expenditure if we have to send our students overseas when they can have a better education locally.
The trouble with our education system is because we have so far incompetent minister to helm our education ministry. The present and past ministers just dont have a clue why malaysians of all denominations are abandoning national schools and opting for vernacular schools. Malays alone account for about 60,000 who have enrolled in chinese vernacular schools.
Its about time we have a leader who can have the intestinal fortitude to say we should just leave religion at home and not bring it to schools. Religious prayers of any kind should only done at home and not in schools.On a wider scale, religion should even be totally divorce from the govt.departments. How private citizens wish to conduct their lives and how they wish to worship which religion should be the decision of the individual. State and Federal laws should not encroach on the private domain.. If only we have a leader who can say enough is enough and allow individual to be free in choosing their religion without any influence from any quarters. If that can be achieved, Malaysia would be a better place to live.
The trouble with our education system is because we have so far incompetent minister to helm our education ministry. The present and past ministers just dont have a clue why malaysians of all denominations are abandoning national schools and opting for vernacular schools. Malays alone account for about 60,000 who have enrolled in chinese vernacular schools.
Its about time we have a leader who can have the intestinal fortitude to say we should just leave religion at home and not bring it to schools. Religious prayers of any kind should only done at home and not in schools.On a wider scale, religion should even be totally divorce from the govt.departments. How private citizens wish to conduct their lives and how they wish to worship which religion should be the decision of the individual. State and Federal laws should not encroach on the private domain.. If only we have a leader who can say enough is enough and allow individual to be free in choosing their religion without any influence from any quarters. If that can be achieved, Malaysia would be a better place to live.
Saturday, March 10, 2012
Non Malays owned most of $400 billion EPF money.
Ever wonder why suddenly, Najib is so generous to the ordinary citizens? The Cheras toll was abolished and the Kajang toll was halved?Before PLUS was flogged to EPF, the govt was paying astronomical sums to toll owners for making concessions like not raising toll rates.Each time when toll increase was deferred , the govt had to pay compensation in the hundreds of millions to PLUS according to the lop sided toll concession contracts.
Now that the PLUS owners are EPF, Najib seems to be more generous then when PLUS was in UMNO's hands. So far I have not heard any outcry from EPF why no compensation was forthcoming to EPF coffers?After all the losers are the EPF contributors and by now they are already quite immuned to being abused financially.
Remember EPF's investment in MBSB building funds? The woman in charge then lost nearly one billion in her foray in the building loans and housing development.. I wonder till today whether the lost investment has been recovered.
Then what about EPF's forced acquisition of the RHB bank?The purpose of the acquisition was to prevent some of the Directors being charged for committing CBT on the bank's money.Before the EPF's acquisition it was a foregone conclusion that some of the Directors would be charged for the massive losses sustained by the bank due to fraud and negligence.But after EPF's forced acquisition all the charges were suddenly withdrawn and the Directors were never charged for any misdemeanour.EPF, again was left to carry over the losses.
The latest foray by EPF of course is the loan of $1.2 billion to house buyers whose credit was rejected by the banks. The purpose of the whole exercise was to try and secure the votes of the 22,000 potential house buyers in Selangor. After alot of protest from the public the govt finally conceded that the loan would be channeled to the govt via a special purpose vehicle.In this case at least the loan would be guaranteed by the govt but if any losss occur the result would also means that taxpayers money will be lost to bail out the fail venture.
Why is EPF the favourite punching bag of the govt? First of all it is because it is a cash cow. With $400 over billion EPF is seating on a pile of cash waiting to be taken. After all EPF is operating a ponzi system (like the one operated by Pak man telo) where it is collecting cash to pay for whatever commitments that are due. In short it is operating the illegal pyramid system where its daily colllection of cash is used to finance its obligations.If the collection were to stop, the whole structure collapse and EPF would not be able to meet its financial comitments.
The surprising thing which escape most people's attention including the opposition member of Parliament is that 90% of the $400 billion EPF money belongs to the non malays.Since almost 100% of the malays are in the civil service they dont contribute to the EPF scheme. The private sectors are mostly occupied by the non malays and it is mandatory for them to contribute to the EPF. So by sheer logic, EPF pile of $400 billion belongs virtually to the non malays. In view of this it becomes clear that past and present leaders dont really give two hoots what happens to the EPF money.
Now that the PLUS owners are EPF, Najib seems to be more generous then when PLUS was in UMNO's hands. So far I have not heard any outcry from EPF why no compensation was forthcoming to EPF coffers?After all the losers are the EPF contributors and by now they are already quite immuned to being abused financially.
Remember EPF's investment in MBSB building funds? The woman in charge then lost nearly one billion in her foray in the building loans and housing development.. I wonder till today whether the lost investment has been recovered.
Then what about EPF's forced acquisition of the RHB bank?The purpose of the acquisition was to prevent some of the Directors being charged for committing CBT on the bank's money.Before the EPF's acquisition it was a foregone conclusion that some of the Directors would be charged for the massive losses sustained by the bank due to fraud and negligence.But after EPF's forced acquisition all the charges were suddenly withdrawn and the Directors were never charged for any misdemeanour.EPF, again was left to carry over the losses.
The latest foray by EPF of course is the loan of $1.2 billion to house buyers whose credit was rejected by the banks. The purpose of the whole exercise was to try and secure the votes of the 22,000 potential house buyers in Selangor. After alot of protest from the public the govt finally conceded that the loan would be channeled to the govt via a special purpose vehicle.In this case at least the loan would be guaranteed by the govt but if any losss occur the result would also means that taxpayers money will be lost to bail out the fail venture.
Why is EPF the favourite punching bag of the govt? First of all it is because it is a cash cow. With $400 over billion EPF is seating on a pile of cash waiting to be taken. After all EPF is operating a ponzi system (like the one operated by Pak man telo) where it is collecting cash to pay for whatever commitments that are due. In short it is operating the illegal pyramid system where its daily colllection of cash is used to finance its obligations.If the collection were to stop, the whole structure collapse and EPF would not be able to meet its financial comitments.
The surprising thing which escape most people's attention including the opposition member of Parliament is that 90% of the $400 billion EPF money belongs to the non malays.Since almost 100% of the malays are in the civil service they dont contribute to the EPF scheme. The private sectors are mostly occupied by the non malays and it is mandatory for them to contribute to the EPF. So by sheer logic, EPF pile of $400 billion belongs virtually to the non malays. In view of this it becomes clear that past and present leaders dont really give two hoots what happens to the EPF money.
Wednesday, February 15, 2012
Mardan Mamat, the successful Malay from Spore.
Congratulations to Mardan Mamat for his victory in the Phillipine Open Golf Tournament. An afable guy with a pleasant personality he virtually killed the field with his splendid display of skill and patience in the difficult Wack Wack course. To put his victory in perspective, only four players played sub par in the final score and Mardan was a runaway winner wining the Open with five strokes.Mardan's win was the first for any singaporean to win on the asian tour.
A lesson to be learned from Mardan's victory. His victory at the ripe young age of 44 proves that a malay without any handicap can easily excel on a level playing field. Time our Malaysian malays learn a lesson from this Singaporean malay. You dont need any leg up fellows. Practice hard and you will be duly rewarded.
Monday, February 13, 2012
Rolls-Royce opens largest Asian facility in S'pore
Now why did the investors by passed Malaysia? The answer perhaps can be adequately given by CNN Fareed Zakaria. Singapore is one of the easiest place in the world to do business. They dont have such racist policies like allocating 30%of the shares to bumiputras. They dont have to grease the palms of corrupt civil servants just to have licence approvals. That perhaps explains why Singapore was the choice of the Rolls-Royce investors.
Sunday, February 05, 2012
Govt is Guilty of Breach of EPF Act 1991.
In accordance with the EPF Act of 1991,they are allowed to lend funds to the Federal and State govts including registered corporate bodies.However the Act prohibits the funds from lending to private individual home buyers. No matter how lucrative the profits may be, the Board cannot act contrary to the provisions of the Act. Board members have a fiduciary duty to ensure that they abide strictly to the provisions of the Act or face possible criminal prosecution should they act outside the ambit of their authority.
It is naive of the P.M to claim that the size of the $1.5 billion loan scheme was small relative to its fund size.What is pertinent is not the fund size but whether EPF is allowed under the Act to lend funds to private house owners which is contrary to the Act.
If the govt act is sincere in providing housing to the poor why is it only confined to the 20,000 PPR tenants in Selangor? This only confirms the opposition claim that the Housing scheme has a political agenda. If not why then is it not open and applicable to all deserving house owners throughout Malaysia?After all the EPF funds are derived from contributors from all the state in Malaysia and not from the 20,000 PPR tenants.only.
If the govt is confident that the scheme is safe , why dont the govt borrow the funds from EPF and used it as a social welfare program. This way if the houseowners default on their payments the fund is adequately protected since the govt will have to bear the brunt of any financial catastrophe. But the govt cannot have the cake and eat it.It wants to provide a conduit to obtain votes with such a populist act but at the same time has passed the risk to another entity..EPF has once again being used to invest in a scheme that has no chance of making a decent profit.If they are. an attractive investment then why do commercial Banks reject all those houseowners loan?
Before making the decision of lending the $1.5 billion to this scheme, I strongly advice the Board of EPF to revisit their investment in MBSB in the 1990s where they lost nearly 1 billion in the same type of housing loans and development. I doubt very much they have recovered their loss in that investment till today.
It is naive of the P.M to claim that the size of the $1.5 billion loan scheme was small relative to its fund size.What is pertinent is not the fund size but whether EPF is allowed under the Act to lend funds to private house owners which is contrary to the Act.
If the govt act is sincere in providing housing to the poor why is it only confined to the 20,000 PPR tenants in Selangor? This only confirms the opposition claim that the Housing scheme has a political agenda. If not why then is it not open and applicable to all deserving house owners throughout Malaysia?After all the EPF funds are derived from contributors from all the state in Malaysia and not from the 20,000 PPR tenants.only.
If the govt is confident that the scheme is safe , why dont the govt borrow the funds from EPF and used it as a social welfare program. This way if the houseowners default on their payments the fund is adequately protected since the govt will have to bear the brunt of any financial catastrophe. But the govt cannot have the cake and eat it.It wants to provide a conduit to obtain votes with such a populist act but at the same time has passed the risk to another entity..EPF has once again being used to invest in a scheme that has no chance of making a decent profit.If they are. an attractive investment then why do commercial Banks reject all those houseowners loan?
Before making the decision of lending the $1.5 billion to this scheme, I strongly advice the Board of EPF to revisit their investment in MBSB in the 1990s where they lost nearly 1 billion in the same type of housing loans and development. I doubt very much they have recovered their loss in that investment till today.
Saturday, February 04, 2012
Another Malaysian success story.
A Malaysian born woman who hailed from Petaling Jaya was named dean of award wining engineering faculty of Canada's Waterloo university..Professor Pearl Lee Sullivan , a composite materials and aircraft structure expert would become the first female dean succeeding her predecessor, Professor Adel Setra whose nine year tenure would end on the 1st of July..
Once again it has proven that non malay Malaysians can only excel by going abroad where promotions are strictly based on merits and not on racists policies.One really wonder how many more Malaysians would have similarly climbed the ladder of success had they taken the plunge and venture abroad.
Perhaps it would also be timely to ask our govt why not even one single non malay have ever been appointed as Dean in any of our apex universities.How can any of our prime universities attain world recognition if we continue to adopt a policy of appointing intellectuals based on the colour of their skin and not based on the knowledge and intellect they possess.
The success of another Malaysian in the global stage is a timely reminder to our govt that we cannot remain myopic and that we need to focus on the larger picture of appointing Malaysians based on the knowledge and expertise they possess and not based on the Bumiputra policy .
Once again it has proven that non malay Malaysians can only excel by going abroad where promotions are strictly based on merits and not on racists policies.One really wonder how many more Malaysians would have similarly climbed the ladder of success had they taken the plunge and venture abroad.
Perhaps it would also be timely to ask our govt why not even one single non malay have ever been appointed as Dean in any of our apex universities.How can any of our prime universities attain world recognition if we continue to adopt a policy of appointing intellectuals based on the colour of their skin and not based on the knowledge and intellect they possess.
The success of another Malaysian in the global stage is a timely reminder to our govt that we cannot remain myopic and that we need to focus on the larger picture of appointing Malaysians based on the knowledge and expertise they possess and not based on the Bumiputra policy .
Wednesday, January 25, 2012
Why appeal when Annuar should not even be charged in the first Place.
Annuar was charged under section 377A which states that 'Whoever voluntarily commits carnal intercourse against the order of nature shall be punished with imprisonment for a term which may extend to 20 years, and shall also be liable to whipping". He was charged to have carnal intercourse with Saiful ,the complainant. But should the complainant be exempted from the charge when he was also a party to the commission of the crime under Section 377A? Of course not. Section 377A specifically states that ' whoever voluntarily commits carnal intercourse' Indeed it can be construed that Saiful had consensual sex with Annuar if indeed the act took place. It defintely cannot be construed as rape because Annuar was not charged with rape nor did Saiful allude to any act by Annuar which involved force.
Therefore why was Saiful not charged with the similar offence as Annuar?The fact that he was the complainant does not exempt Saiful from being charged under the section 377A. The only recourse to exemption by Saiful is to file a complaint that he was forcefully retained to perform the unnatural act under section 377A. Had Saiful resort to such a claim ,the complaint would ncertainly be unsustainable. Saiful's physic and size would make it umimaginable for Annuar to forcefully perform any act not compliant with Saiful.
The appeal by the A-G can only elicit one outcome. Annuar will be found guilty either in the Court of Appeal or the Federal court. The whole process of charging and convicting Annuar was already orchestrated the moment when Saiful had a clandestine meeting with Najib under the guise of discussing his scholastic future. Annuar's case is in direct contrast with Razak Baginda's case where it was already ordained by the executive that Razak would be acquitted without even his defence being called.
Contrast both cases and you will have a fair idea why our judiciary and the Attorney -General chamber cannot , for the moment be a transparent and independent instituition. Not when there are unseen hands always guiding what the judiciary and the Attorney-general should do and should not do.
Therefore why was Saiful not charged with the similar offence as Annuar?The fact that he was the complainant does not exempt Saiful from being charged under the section 377A. The only recourse to exemption by Saiful is to file a complaint that he was forcefully retained to perform the unnatural act under section 377A. Had Saiful resort to such a claim ,the complaint would ncertainly be unsustainable. Saiful's physic and size would make it umimaginable for Annuar to forcefully perform any act not compliant with Saiful.
The appeal by the A-G can only elicit one outcome. Annuar will be found guilty either in the Court of Appeal or the Federal court. The whole process of charging and convicting Annuar was already orchestrated the moment when Saiful had a clandestine meeting with Najib under the guise of discussing his scholastic future. Annuar's case is in direct contrast with Razak Baginda's case where it was already ordained by the executive that Razak would be acquitted without even his defence being called.
Contrast both cases and you will have a fair idea why our judiciary and the Attorney -General chamber cannot , for the moment be a transparent and independent instituition. Not when there are unseen hands always guiding what the judiciary and the Attorney-general should do and should not do.
Tuesday, January 24, 2012
Annuar Destined to be Jailed.
You dont need to be a rocket scientist to know that the Attorney- General was prompted to file an appeal against Annuar's acquital in the High Court. In the case of Razak Baginda where Najib's involvement was obvious, the A-G did not even bother to file an appeal when Razak's defence was not called..The decision of the A-G in both cases was overwhelmingly biased.What is the rationale for not appealing in Razak's case when the circumstantial evidence was fingered at Razak for being involved.?Then in Annuar's case Judge Zabidin acquitted Annuar after his defence was called and yet the A-G deemed fit to appeal. Surely the grounds for appeal in Razak Baginda's case was more stronger and yet the A-G refused to appeal.
The above two decisions clearly showed that Malaysian judiciary and the Attorney-General department are clearly under the thumb of the executive.
An appeal by the A-G chambers is a sign for the judiciary to ensure that Annuar will fail when his appeal is heard at the court of Appeal.That precisely happened to Karpal singh's sedition case when he was acquitted in the High court but was overturned by the Court of appeal when the A-G appealed the High Court favourable verdict in the Karpal Singh's sedition case.
The above two decisions clearly showed that Malaysian judiciary and the Attorney-General department are clearly under the thumb of the executive.
An appeal by the A-G chambers is a sign for the judiciary to ensure that Annuar will fail when his appeal is heard at the court of Appeal.That precisely happened to Karpal singh's sedition case when he was acquitted in the High court but was overturned by the Court of appeal when the A-G appealed the High Court favourable verdict in the Karpal Singh's sedition case.
Sunday, January 22, 2012
HAPPY CHINESE DRAGON YEAR TO ALL READERS
P.M and Wife Rosmah in Sydney
According to the Sydney designer, Carl Kapp, he would be flown to Malaysia next month with a collection of 'toiles' for Rosmah to fit and to complete the order of 61 dresses , tops and pants.
Wonder who is paying for the stay at the hotel and the shopping. With Najib's salary as P.M I doubt he can afford to be so extravagant. Sadly, taxpayer's money will be used to pay for Rosmah's lavish taste.
Tuesday, January 10, 2012
9th Jan.2012- Annuar's court Verdict
I struggled to wake up at 6.15am when my son Gary came to my room to remind me it was time to get ready for our planned trip to the High court at Jalan Duta.I made up my mind when it was anounced that Annuar's court verdict would be given on the 9th Jan.I was determined to be part of the assembly who would be there to receive the good or bad news. For change to happen there must be a unity in purpose to render support to our Pakatan leader .Today's decision would chart the course of our political future and every one who hope for a change must give that support .
As I drove towards Jalan Duta via the Kerinchi Link the morning traffic had already swelled almost to a crawl at the mid valley section. However reaching Jalan Duta I managed to squeeze to a parking lot some 200 metres from the High court majestic building which looked iconic from a distance. Safely ensconced in the parking lot of the High court , I noticed the gradual parade of dignitaries who came to offer support. There was Haji Abdul Hadi, Lim Guan Eng, and a host of other Pakatan's office bearers.
When the result was finally announced at about 9.15am, the crowd responded with a loud cry of relief and exuberation. With the welcome news received by the crowd, every one left the car park and made their way home. Relief that in some small way I had made the numbers and had witnessed a momentus occassion which could be pivotal for our future direction.
As I drove towards Jalan Duta via the Kerinchi Link the morning traffic had already swelled almost to a crawl at the mid valley section. However reaching Jalan Duta I managed to squeeze to a parking lot some 200 metres from the High court majestic building which looked iconic from a distance. Safely ensconced in the parking lot of the High court , I noticed the gradual parade of dignitaries who came to offer support. There was Haji Abdul Hadi, Lim Guan Eng, and a host of other Pakatan's office bearers.
When the result was finally announced at about 9.15am, the crowd responded with a loud cry of relief and exuberation. With the welcome news received by the crowd, every one left the car park and made their way home. Relief that in some small way I had made the numbers and had witnessed a momentus occassion which could be pivotal for our future direction.
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