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Malaysia is doomed by racist politics and extreme corruption
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redbean



Joined: 07 Mar 2006
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Location: singapore

PostPosted: Thu Feb 06, 2014 8:42 am    Post subject: Reply with quote

Malaysia MP Teresa Kok receives threats
A video clip on political satire in Malaysia by MP Teresa Kok has gone viral and with the MP receiving threats for being anti Malay. She has also lodged a police report on the threats and asking the police to conduct a fair investigation on the accusation thrown at her and the threats.
In a country when the use of the term Allah by the Christians could lead to the threats of May 13 or killing of the minorities, the non Malays must be very careful in what they say or do. They should be extra sensitive to the feelings and OB areas that would raise more controversies and even threats of violence. A good reminder is the blanking off of pig’s faces in the media and the video of a stupid young couple about bak kut teh during the fasting month. Avoiding such controversies is not only good advice but good for their own well being despite the laws providing freedom of expression and religious practice.
The controversial video is attached below for all to view objectively and to form their own opinion if they so wanted on this matter, at least with an educated and proper knowledge of what it was in the first place. Just a caution, whatever opinions you have it is best to keep it to yourself and if you wish to express them, do not sensationalise it or be too provocative to invite undue reactions. Discuss it maturely and objectively in a calm manner. A lot of restraints are needed even if the issue is across the causeway.
http://m.youtube.com/watch?feature=youtube_gdata_player&v=JtsRcId70bk&desktop_uri=%2Fwatch%3Fv%3DJtsRcId70bk%26feature%3Dyoutube_gdata_player
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redbean



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PostPosted: Mon Nov 24, 2014 9:42 am    Post subject: Reply with quote

UMNO again thumping chest about Malay superiority
Some UMNO leaders are pushing for more curbs against the non Malays in Malaysia to champion Malay superiority. This time they want to close down vernacular schools. And they pushed out the cart of fear that the Malays would become the Red Indians of the USA. I think the possibility of Sinkies becoming the Red Indians is 100 times higher than the Malays in Malaysia. With supreme political, economic and military power in the hands of the Malays, with rising awareness and a political conscious Malay core, with the control of the economic and political system designed for Malay dominance, it can never happen unless the Malays decided to want to change the system.
It is so naïve, sorry for telling this straight, to raise the fear of Malays in Malaysia become Red Indians. The White Europeans could do it with the help of technology and the gun. The Malays in Malaysia not only control the gun but everything in Malaysia. Malay dominance is protected by the Constitution. The fear is a red herring in all aspects.
Najib has come out to caution against alienating the non Malays further and eroding the trust and support for UMNO by the non Malays. Can the UMNO ultras believe that what they are doing would increase support for UMNO? The only option is to turn the non Malays into Red Indians. Is that in their agenda? We are in the 21st century.
Is the cry for Malay superiority for real? What superiority are they talking about when they have all the powers of the country in their hands? That is the only thing superior that they can have and to show. What else, technology and science, arts and culture, language and history, economic and military power in the world stage? Religious superiority?

When one is good or superior, there is nothing to crow about, no need to shout and trying to impose that superiority on anyone. The West, with its advancement in science and technology, arts, culture and language, is superior to the rest of the world beyond any doubt. There is no need to demand to be superior. The rest of the world simply turn to the West, look up to the West, learn from the West, imitate the West and want to be like the West. That is superiority! You can chose to put on blinkers and claim that you are superior and reject the West and all its achievements and progress in science and technology. Close the door and look inward like China and Japan did before. Both suffered greatly as civilizations and fell behind until they opened the door and embrace what is good from the West. Turning away from the breakthrough in science and technology is only committing hara kiri on the whole people.
What is so superior of the Malays vis a vis the West and the rest of the world that you want to ignore and want to impose on others? All the Malay elites and the progressive Malays are sending their children to the West for the best education they can have, learn a different lifestyle and modernization. If the Malays are so superior in their ways, there is no need to go West, to look West. The rest of the world, the local non Malays, would be adopting everything Malay, arts and culture, science and technology. There must be real superiority in the Malay culture and way of life for the rest of the world and other communities to want to adopt and learn to be Malays, the Malay ways of life.
If UMNO chooses to close up to the world, not to learn from the rest of the world, to want to learn only the Malay ways of life, Malay science and technology, culture and literature, where would it lead to? Would the Malays become superior vis a vis the non Malays and the rest of the world?
Japan opened up to the West and became a super power in the 19th Century. China opened up to learn from the West and is now the largest economy in the world and challenging the Americans for world supremacy. None of them is claiming to be superior but are superior in their own ways without having to thump their chests, ‘We are superior!’
Wither the Malay superiority if UMNO takes on a path of not wanting to learn from the world, from the strength of others? You can claim all the superiority you want, but what are you superior in that others admired and wanted to learn from, wanted to be Malays and live the superior Malay ways of life?
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redbean



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PostPosted: Tue Nov 25, 2014 8:39 am    Post subject: Reply with quote

Johore Mentri Besar to seize back Malay land
‘(18 November 2014) – The Johor government will seize Malay reserved land which had fallen into the hands of the non-Malays.
Menteri Besar Datuk Seri Khaled Nordin said several action plans will be enforced to seize the land which rightfully belong to the Malays.’ Quoted from an article in TRE.
What does this statement mean? How could Malay reserved land fell into non Malay hands? In Malaysia, no non Malay would have the audacity or guts to take away Malay land illegally. They must have paid for them legally, with good money, or risk their heads being chopped off. Cheating the Malays of their land in Malaysia? How dare the non Malays do that?
Maybe, the lands they owned were cheated by someone from the Malays and then sold to them. The non Malays would not know that the land was acquired by foul means. And how many of these non Malays owning land or properties are Singaporeans? Could these non Malays be genuine buyers but got cheated themselves thinking that the land they bought were legal? How could this be proven? Even if there are legal papers, all the ex Malay owners need to do is to claim they were cheated and the non Malays can kiss their land and whatever properties sitting on the land good bye.
How many pieces of such land are in the Iskandar zone? How many non Malays who have been staying in their properties and waking up tomorrow to be told they were Malay reserved land and they have to return them to their rightful Malay owners? I can see money flying away.
An ugly nightmare is awaiting all the non Malay property owners. Hopefully not many Singaporeans are affected. Pray hard, pray real hard. Would it make any difference if the Singaporeans are Malays? I think they are safe as the report talked about non Malay hands. Sleep well?
Anyone still thinking of Iskandar? How to make sure the properties will be safe 10 or 20 years down the road when another Mentri Besar is going to do the same and the papers turned out to be fake or told to be fake?
Malaysia boleh!
Don’t think this kind of things can happen in Sin City in the future. There is no reserved land here.
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redbean



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PostPosted: Fri Nov 28, 2014 8:27 am    Post subject: Reply with quote

Malaysia living under a racist time bomb
It is very chilling to hear Khairy Jamaluddin, UMNO’s YouthChief telling the non Malays not to forget the Malay’s sacrifice to let them be part of Malaysia. The AGENCIES reported him in a speech at the UMNO ‘general assembly that looks set to stoke racial flames’, Khairy ‘hit out at non Malays who refused to accept the status quo’, ie Malay dominance and political supremacy.
This is most puzzling as the non Malays, after May 13, 1969, and so many years of threats, have long accepted the status quo. Even if there are some little corners that are disgruntled about it, there is nothing that can change the situation. Why is Khairy harping on this issue? Is he feeling insecure, or the Malays really feel threatened that the status quo can be change by a minority non Malays that have no political military clout to do anything? Any non Malays that dare to challenge this would not see daylight tomorrow.
Najib also showed slides of the May 13 1969 racial riots which was not a riot per se but the killings of non Malays by the Malays. It was racist killings, a one sided affair, to remind the non Malays that it could happen again.
What is Khairy’s agenda or what is UMNO’s agenda?
DAP Lim Guan Eng made the remark that Khairy ‘is now travelling the “dark road” of racial extremists’. Not to worry, only the Malays can make such racist charges and it is acceptable. Lim Guan Eng also added that ‘Putting the blame on non Malays is dishonest and evil politics by Khairy because it is simply false and malicious that the non Malays questioned such rights enshrined in the Federal Constitution.”
It is not an issue of who is saying the right thing. It is a case of when the extremists will use this excuse to carry out another blood letting against the non Malays. It is a matter of time, of when. This is the peril of the non Malays in Malaysia. This demon of racism will always be exploited by the racist to serve their agenda and the consequences could be very extreme.
The call by Khairy would not be the last and will be repeated as often as they like. But who knows when the threat would turn into ugly reality? It could be tomorrow.
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redbean



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PostPosted: Sun Nov 30, 2014 9:40 am    Post subject: Reply with quote

How to deal with stupid people? Make hay while the sun shines

‘I honestly have nothing to say today except that I really don’t want to be ruled by the stupid.’ This is what Marina Mahathir, daughter Dr Mahathir, said in response to Najib’s retraction on his promise to remove the ISA. I am not sure if she is referring to Najib or Mahathir as Mahathir is the one that ‘spearheaded the call to retain the Act that Malay groups and most in the party say is crucial to defending the sanctity of Malay rights and Islam.’ Now the big question, is Najib stupid to retract his promise just because Mahathir instigated the UMNO ultras to force him to do so, and now looking stupider to everyone, to the bumis and non bumis? Or is Mahathir stupid to get the ultras to push for the retention of the ISA?

I think whoever is the stupid one is not material. What is important is to know how to deal with stupid people. Yes, make hay while the sun shines. Singapore or Hsien Loong just did that. After two decades of wrangling with the recalcitrant Mahathir to redevelop the Malayan Railway land, and in total failure, here came the white knight in Najib. In his new promise of a pragmatic leadership, to push Malaysia to a higher level of economic development, putting aside unproductive politicking, an economic and pro business deal was struck. An agreement was signed between Najib and Hsien Loong to remove this historical baggage of ill will. Both sides are happy with the deal. Malaysia was lagi happy when they won the international court ruling on not having to pay redevelopment fees on the use of the railway land.

The funny thing is that Singapore was deliriously happy with losing that legal tussle. I have been wondering why for quite some time. Now the answer is crystal clear. There was a small window to make things happened. Without losing a second, Hsien Loong was all graciousness and generous and offer everything that Najib asked for, topping it up with more icing. He probably knew that the window would be shut anytime without any notice or sign of a change in their party politiking.

When dealing with stupid people, this is the most important and effective strategy. Make hay while the sun shines. You wound know when the dull clouds would return, follow by thunderstorms and monsoons. But a word of caution. This strategy can only be adopted when the assets are here in Singapore where the rules and laws or agreements cannot be changed, cannot be retracted.

Things in Malaysia are quite predictable, really, if you understand what Marina Mahathir is saying.
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redbean



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PostPosted: Wed Dec 03, 2014 3:14 pm    Post subject: Reply with quote

Currency exchange $1 to $3
Half a century ago the exchange rate for S$ to US$ was $3 to US$1. Today it is S$1.30 to US$1. Not bad huh. The same period half a century ago, S$ to ringgit was 1:1. Today, there is a long queue at the money changer to buy ringgits using S$. The rate is S$1 to Ringgit2.625.
When the rate was S$1 to Ringgit 2.5, it was like a windfall for Singaporeans visiting Malaysia. With today’s rate, the Malaysians working here are getting a pay rise when they convert to Ringgits without have to do anything.
Oil is the only godsend asset that Malaysia can boot about, and can sneer at the non Malays for depending on gambling and prostitution to make a living. Don’t even have to work, just get machine to pump from the ground or under the sea. See how blessed they are, Malaysia is getting money just like that. Now with the falling oil prices, and expecting to go lower, an exchange rate of 1:3 is quite possible in the foreseeable future.
The only lucky draw for the non Malays is the good fortune of those working in Singapore. Don’t have to depend on oil, prostitution and gambling. Just hope that the oil price keeps falling and the exchange rate be in their favour, they can also get richer without having to work that much harder.
Singaporeans are now buying Ringgits. Some will be rushing to buy properties in Malaysia too. For the latter, good luck to them. They need a lot of good luck to protect their investments which they think are gotten at a steal.
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redbean



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PostPosted: Fri Jan 16, 2015 8:59 am    Post subject: Reply with quote

A new and economically ascendant Southeast Asia

It is heartening to read about the uneasiness of the Malay Malaysian elite and their urgent call to restructure Malaysia for the future instead of being stuck in the past of racial and religious politics. There is a sense of frustration and despair among this Malay elite who wanted to do so much, who knew that Malaysia cannot remained stagnant in economic growth and wasting time and resources in unproductive hackling on religious and racial issues drummed up by the respective leaders. There is a time and place for religion. Leave them to the religious leaders and leave them in their place in the mosques and not to be bucking around with matters of the state. And political leaders must rise above the insidious past of race politics, to think secular and think development. Malaysia can do better given the right leadership, and UMNO and its present batch of leaders are not the one to lead Malaysia forward.

While Malaysia is still bogged down with trying to be more religious and more racist, and a shrinking economic pie, the Indonesians have embarked on a new journey of change. Ever since the Presidency of Abdurrahman Wahid or Gus Dur, race politics have been taken out of the equation, or at least kept in the cupboard, hopefully not to reappear. Megawati continued to play down on racial politics and allowed the Indonesians with Chinese ancestry to participate more actively in the economy. Yudhoyono did the same and the Chinese Indonesians expanded their participation in the main stream of Indonesian polity, in business and in politics, culminating in the unprecedented election of Joko Widodo as the new President and Ahok as the governor of Jakarta, both with ethnic Chinese origin.

The path to accept the Chinese Indonesians into the main stream of Indonesian life without discrimination is putting Indonesia on a clean slate to take full advantage of the industries of the Chinese Indonesians to grow its economic pie. Without the legacy of the Suharto regime in its way, Indonesia can embark on any economic model, tap on all the resources of its able citizenry to grow the economic pie. Allowing the Chinese Indonesians an unrestricted role is like starting another engine of growth in a capitalist modelled economy.

Indonesia is now free from its historical baggage of racial politics and political bickering to move forward confidently, to embrace all the positive elements of a secular state, to raise the standard of living of its people, through industrialisation and scientific modernisation. Without harping on the fear of a Chinese minority playing a bigger role than its population, the country could benefit greatly without compromising on the economic well being of its population at large. Indonesia is set to be the next economic powerhouse of Southeast Asia and could leapfrog the rest to stake its rightful claim as the biggest economy and biggest regional power in the region.

Malaysia could do likewise by tapping on the industries of the minority groups to grow at a faster pace. But the shackles of racial and religious politics are not easy to remove especially with the ultras in charge in UMNO. They have no new ideas on how to grow the economic pie other than to constrain the growth of the minority groups in the economy and enterprises just to prove that they are in charge. While Indonesia is tapping on a new growth engine in its ethnic minority, Malaysia under UMNO is preventing this engine of growth from being ignited to grow the economic pie.

What is UMNO afraid of? The dynamic non bumi minorities generating more economic output that put them to same or they could not manage to do likewise? With full control of political and military power, the Malay rights and interests would never be challenged and UMNO would be in a better position to distribute the new wealth generated by the non bumi minorities. Is that bad? Why is UMNO seeking to tie chains and shackles to prevent the non bumi minorities from doing what they could do best for the economy to benefit the country and people? With the non bumi minorities being curtailed in their economic endeavours, Malaysia is as good as firing on two cylinders.

The UMNO leadership is more interested in protecting its power than in the general well being of its populace. Would the new Malay elite be able to strip the UMNO leaders from its pole position in govt and lead Malaysia into a new path of economic growth, prosperity and secularism? Or would it remain locked and restrained by its past unenlightened policies while watching Indonesia run away uncontested and unchallenged to be the richest country in Southeast Asia? Malaysia has squandered away its lead in the economic fields and unlikely to move forward. It is wasting all its potential to be a much richer and prosperous nation, but instead to become a more religious and racist country with one foot in the mud, dragging and compromising on its economic development.

The new Malay elite have a tough road ahead to replace the backward looking UMNO leadership.
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redbean



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PostPosted: Tue Feb 10, 2015 3:01 pm    Post subject: Reply with quote

The end of Anwar 安华
The attack on Chinese businesses by UMNO’s Agriculture Minister Ismail Sabri Yaakob was like a premonition of the end of Anwar安华. The long and dragging saga of Anwar’s sodomy charge came to a close this morning. The Court of Appeal upheld the earlier conviction and Anwar is going to jail for another 5 years. This will mark the end of his political career for sure. I don’t see how Anwar could get out of this fix short of a violent outbreak of public demonstration by his supporters on a national scale.
In his final parting shot, this is what Anwar said, "You could have carved your names but in bowing to the dictates of your political masters, you have become partners in the murder of the judiciary. You chose to remain on the dark side," ….
The judges walked out of the court before Anwar could finish what he wanted to say. It was a sad ending for Anwar and his supporters. The opposition camp will be thrown into disarray. Would there be hope of a return or release of Anwar? Not under this govt.
Selamat jalan, Datuk Seri Anwar Ibrahim, DSAI. His supporters would be shouting hidup Anwar, hidup DSAI. Nothing is going to change, nothing is ever going to change anymore. What a sad ending to this true son of Malaysia. He is a real fighter but the odds were too big against him. Malaysia has lost a brilliant son!
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redbean



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PostPosted: Wed Feb 11, 2015 10:51 am    Post subject: Reply with quote

‘Fabrication from political conspiracy to end my career’
The judiciary is independent. The victim said no. The victim is accusing the judiciary for conspiracy to end his political career. ‘I maintain my innocence…This, to me, is a political conspiracy to stop my political career. I will walk again for the third time into prison, but rest assured that I will walk in with my head held high.’ This was what Anwar said after the Malaysian High Court upheld his conviction.
Many of his followers and many Malaysians watching the saga could not help but to nod in agreement with Anwar. The Govt and the judiciary were out to get him. Are they wronged to form this conclusion? They may be wrong, but they will be right when they vote out the Govt that used the judiciary to fix its political opponents.
Anwar’s daughter Nurul Izzah said this would not be the end. The Malaysian politicians are made of harder stuff and would fight political injustice that blatantly flout the judiciary system to spite the people. They would take down the Govt and the judiciary along with it in the next GE. That is something to watch.
Silencing the political opponents will not be taken lightly. The Malaysian public is not daft. UMNO would pay a heavy price for it. It is cutting the Malay votes right in the middle and kicking the non Malay votes to the opposition in the process. It would have to face the moment of truth in the next GE. A ruling party is on its way out by committing abuses against the country and people. Too long in power that they cannot see what they are doing is unacceptable to the voters.
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PostPosted: Mon Feb 16, 2015 9:31 am    Post subject: Reply with quote

PM under the spotlight
PM ‘facing increasing scrutiny for cracking down on opponents, troubles in a strategic development fund and questions over his family assets, with even ruling party conservatives questioning his leadership….’
The above is quoted from an acticle in the Mypaper today on Najib’s problems. There are increasing criticisms on his ability to lead, on backing out of his pledge to sooth racial tensions and bolster democracy. More problematical are the criticisms involving his purchases of overseas properties and the 1MDB fund. Where is the money coming from and where is the money going to? Then there were also comments about Rosmah’s expensive taste for jewelries and luxuries items.
The PM’s office has issued official statement to deny Najib’s involvement in the purchases of foreign properties. The problem is that with the easy access to information and the net, not many things can be kept hidden from the public’s view. There will be the whisperers doing their jobs. Many things are still under wrapped not because they were not known but the timing is not right. Many skeletons would be thrown out once it is due for exposure.
Looks like Najib’s days are numbered. Many of his political friends are sharpening their knives and waiting for the Ides of March.
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PostPosted: Thu Feb 26, 2015 8:36 am    Post subject: Reply with quote

Malaysia’s 1MDB crisis
The husband is the PM and the wife is the Chairman of a sovereign fund. They thought having a sovereign fund with a lot of borrowed money must surely make money. They may be doing a copycat operation after visiting the rich southern state with two successful sovereign funds to boot. So the husband and wife team copied the successful formula of their neighbor, to every small detail, to borrow billions to set up 1MDB, after Khazanah, to invest with OPM. With so much money to make money, how to lose, or at least statistically it should make money in the long run. Even if the money is lost, so what when it is OPM?
Somehow sovereign funds have the same bad habit of buying high and faced with immediate fall in value and then hoping for a good return in the long long run. This formula never fails. 1MDB is no exception. But no worry, the long term would be ok, and they went investing recklessly, buy all kinds of shit that the snake oil sellers threw at them, even hot air.
The PM and his wife are now accused of corruption openly. Everyone is talking about it, from the kampong folks to the lawmakers. And they did not mince their words and were very generous in the use of the fear term, ‘corruption’. I was viewing the video clips of presentors Haris Ibrahim and Rafizi Ramli and their interviews with Tony Pua on the subject of 1MDB. My God, if you want to know what democracy and freedom of speech are you must google for these names to know what we are missing.
Najib and Rosmah are involved in this corruption case amounting to 42 billion ringgits in unexplained debt, and the audience roared with the approval. And why was Mahathir complaining? Because he did not have his fair share, that’s why. And who topped the list in the total value of bad debts to be bailed out by the Govt? Mahathir pipped Najib by a nose but only because he ruled the country for more than 20 years. Najib did what he did in 2 years. And the good news, Najib is catching up fast. Wow, can this kind of language be used in our little island of democracy and free speech? I don’t think anyone would dare to say these things even in Hong Lim’s Speakers’ Corner. Oops, not true. I am sure there will be brave people, given the permit, to stand in Hong Lim’s famous little mound to say Najib, Rosmah and Mahathir are corrupt. Sure can.
Tony Pua and Rafizi even claimed that the ruling party was treating the Malaysians as daft, a familiar note, not being able to understand how the money was transacted through many layers to lose its trail, till no one know what to ask, where it went. At least our MPs and ministers know how to ask where is the money going. Everything is secret and there was no transparency in 1MDB’s activities to talk about. Is that new? But Tony Pua and his gang were still able to trace the highly questionable investments in oil fields in Altanuya’s Mongolia and the Caspian Sea with equally questionable companies operated by unknown and questionable individuals.
The facts that were revealed and confirmed, according to Tony Pua, were that a govt sovereign fund under the charge of the wife of the PM has been involved in questionable dealings and the PM could go down with it, and they are going after Najib and Rosmah for accountability. Tony and Rafizi also claimed that the 42b ringgit of debt by the sovereign fund could bring down the Malaysian govt and affecting every Malaysian adversely. This part I find it quite unbelieveable for such a big country, with oil wealth oozing out from the sea, to be at crisis level all for a miserable 42b in ringgits which is not even 20b Sing dollars. That only proves how rich Singapore is compares to Malaysia. Even without oil oozing out from the sea, we don’t even bat an eyelid with the officially announced lost of $50b or $60b Sing dollars during the financial crisis. In ringgit terms that would be more than $100b! What crisis are they talking about?
Anyway, it was an eye opening experience to know the generous space available to talk about corruption of a PM and his wife involving billions of public money, OPM. And they are not even charged, just assumptions and insinuations. And as if God wants to push the knife deeper, the falling oil price would only accentuate the severity of the miserable 42b ringgits and made it a bigger crisis.
Malaysia boleh, at least in democracy and in free speech, and the wide berth to play around for the opposition lawmakers in Parliament. The speakers were so casual when they made the corruption charges as if the PM and his wife were already guilty. This is a plus point for the Malaysians. The names of Najib, Rosmah and Mahathir and other senior politicians were freely and loosely used for condemnation with no hesitation, no restraints or the need to self regulate, with no fear of being sued to bankruptcy. They were telling them like jokes in a kopitiam but on youtube and in public forum.
Can’t imagine a similar scenario happening in Sin City. The husband and wife team’s days are numbered and it is only a matter of time for more disclosure of 1MDB’s debt problem. They can’t keep manipulating the accounts to show profit when there is no profit or hide under non disclosure or secrecy. And there is a limit to how much they can squeeze from the provident fund and the number of assets they can transfer to the sovereign fund to make it look good. Everything is hidden, secret, no need to tell. And this is what made Rafizi and Tony giggled. Secret lah! When no one knows what is happening, something seriously wrong is likely to be happening.
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PostPosted: Sat Mar 07, 2015 11:29 am    Post subject: Reply with quote

Tony Pua – How to take down a SWF?

Najib is suing Tony Pua, a DAP MP from Petaling Jaya Utara and Chan Chee Kong, the owner of MediaRakyat website for defamation, for slandering him in the 1MDB controversy. What the outcome of this legal suit is another exciting court drama in Malaysia and may drag on and gain infamy like the Anwar case.

What is important is the immediate impact of what Tony Pua and his peers had done, to bring down the 1MDB ‘sovereign’ fund. The PM Najib has ordered an investigation into the operations of 1MDB and the winding down of its activities plus the sale of its assets. The 1MDB has ‘become a hot potato for the Malaysian government. It was just too much to handle’ according to a report in the Star paper. With the fire sale, what would be left of the 1MDB would be just a skeleton with everything stripped off. Several hundred million ringgits of assets and investments just went pooped and it was all over. Not sure about the reported RM42b debt.

Such big funds are usually managed by a team of professional managers, the lucky people that got to gamble with OPMs with little responsibility and at most losing their jobs. They gamble with other people’s money, not their money, and imagine the kind of opportunities these lucky people have to line their pockets with the payments from all parties, the buyers/sellers of assets and investments, and their employers paying them good salaries plus big bonuses when the gamble was right?

And the good thing is that many of them would not be sacked even if they lost big money as long as no fraud was discovered. They became valuable assets for the expensive training fees paid for their mistakes and wrong bets. They become indispensable for the experience of losing big money.

In the 1MDB case, it was just bad luck that there were Tony Pua and the social media to expose the doubtful and questionable investments made. If all this was hidden, undisclosed, no one would be wiser. The 1MDB could even churn out financial reports after reports to show how profitable were their investments. Who is there to check on the real stuff, who is there to check and confirm that it was really making big losses and all the reports were merely cover ups?

The truth would be revealed in the investigation ordered by Najib. I bet he would assign an independent committee and not cronies to do the investigation. I bet the opposition leaders would demand to be a party to the investigation or to insist on an independent committee, not appointees of the govt. If not, then it would be no different than a kangaroo court with kangaroos doing the investigation.

There is really very big risk in the management of a sovereign fund when the money is OPM and the professional managers are employees who are also human beans and at times would behave like human beans when the temptations are sexy enough. The need for transparency cannot be overstated. Without transparency, no one really knows what is going on.

Malaysia is lucky in this sense, that Najib also believes in transparency and there is real opposition in Parliament to demand transparency. Otherwise, 1MDB would still be happily playing with OPM until the cow comes home and more and more OPM would be injected into the fund for the fun of the management and their patrons.

Tony Pua and his peers could claim one down and more to go.
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redbean



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PostPosted: Tue Sep 08, 2015 10:59 am    Post subject: Reply with quote

Malaysia – Pro Malay Rights Protest 16 Sep
A pro Malay Rights group is organizing this protest on Wed 16 Sep. The protestors will be wearing red and have been reported to be practicing and demonstrating martial arts and fighting skills in the main media. They showed their prowess in breaking sticks and tiles.
The police are not giving approval to this protest citing security reasons. But the protestors said they would continue with the protest to be held in Chinese majority areas. UMNO leaders have said they would attend if invited.
Singaporeans are best advised to give Malaysia a miss on this day. Better to stay away as the signs are ominous.
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redbean



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PostPosted: Thu Sep 17, 2015 9:46 am    Post subject: Reply with quote

Malaysia red shirt protest rally
Yesterday Malaysia celebrated Malaysia Day in a different manner. A group of Malays donning on red shirts and calling themselves the Himpunan Rakyat Bersatu took to the streets to assert Malay dominance in Malaysia. They wanted the minority races to know that they are guests to the country, there are only allowed to live in Malaysia under the grace and generosity of the Malays. Malaysia belongs to the Malays.
The protest rally came about in response to an earlier rally a month ago called Bersih 4 calling for a clean govt after the 1MDB incident. Though that protest was attended by all the races, including Mahathir Mohammed and Muhyiddin, and the issue was corruption, it has been interpreted or turned into a racial issue. It becomes a Chinese and Indian insult to the Malays and Islam and Malay dominance in Malaysia.
The protest march in the centre of Kuala Lumpur was intended to move through the Chinese majority districts and Bukit Bintang where past racial riots were at its worst. It was a show of force to intimidate the Chinese and other minority races not to trifle or insult the Malays. How the Bersih 4 protest against corruption can become an insult and challenge to Malay rights, dominance and Islam is only a matter of politicking. And the protest was very real, tension very high, fear was everywhere. The threats of another racial riots and bloodbath were clear and imminent. Credits should go to the police to keep the protestors under control and not to break into another killing field. Businesses in the district were at a stand still, all shops closed.
The Sultan of Johore has taken a very strong stand against promoters of hatred and instability. He warned anyone trying to do it in Johore that he would deal with the agitator personally. ‘Anyone who creates disharmony and spreads hatred here by promoting racism, will have to deal with me personally. Take this as a warning. This is not the stone age, do not be ungrateful – the Malays, Chinese and Indians all played their part. Johor Darul Ta’zim is home to the Malays, Chinese and Indians; they are Bangsa Johor.’
Looking from across the Causeway, Singaporeans must be very grateful that we don’t have to face such threats and tension every now and then. The non Malay Malaysians must take this incident very seriously as to how far they could go. Race and religion are highly sensitive issues that can be hijacked and turned into an inflammable political issue. All Singaporeans must also not to take the good inter racial relations for granted. New citizens must also take note of the effort the govt and Singaporeans have put in to keep racial and religious harmony as a top priority agenda in this city state. The govt also must take note that keeping 4 major ethnic communities living peacefully is not an easy task. To add into this mixed pot with more diverse ethnic groups from all over the world would risk creating more troubles down the road.
Singapore is good as it is. Tempering with the concoction that has stabilized over the years by adding more inflammable mixes into it would ensure a very unstable future. Don’t be stupid to think that race and religion are so easy to handle and manage. They are age old ingredients for wars among people, ageless.
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redbean



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PostPosted: Wed Sep 23, 2015 8:08 am    Post subject: Reply with quote

Najib versus Mahathir
The battle for supremacy and control of UMNO between Najib and Mahathir is growing with both sides building up their alliances and forces and gearing for a final do or die battle in days to come. Najib the sitting PM and his cousins in Hishammuddin and Hamidi, with the Police Chief and several govt organizations on his side are pitted against Mahathir and the defection members of UMNO plus his former allies whose power and influence have yet to be fully exposed.
The fireworks will start any moment with sparks flying everywhere. This could be the mother of all battles for the control of the Malay ground. Both sides are claiming to be defending the interests of the Malays and would need an enemy to prove their convictions. The events after the Bersih 4 demonstration and the protest by the Red Shirts are frightening examples to send notice to the Chinese and Indian minorities to stay clear of this fight. They must know that it is not their fight and any sign of their involvement will be used as an excuse to direct the fire power in their direction.
The Chinese and Indian minorities are best advised to stay clear of the conflict, disappear if possible and better still to state their non involvement clearly. They just cannot be involved to invite bloodshed on themselves. Do not become the convenient devil for either side. Yes stay out, stay away. It is not their fight. They would not survive when the elephants turn around and trample on them instead.
This is a time when the Chinese and Indian minorities must know their rightful place in the country. It would be plain stupidity to offer themselves again and again as the whipping boy. And this time it is not just whipping. Lives will be lost, homes would be burnt. Be warned and be wise. Taking any side will bring about their total destruction.
The Royalties are not taking sides. PAS is not taking sides. Would the Chinese and Indians be so dumb to take sides in this tussle for supremacy between the Malay leaders?
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