Sunday, May 26, 2019

Restoring GST means PH admitted Guan Eng messed up the economy

Still anti-GST? 

For three years in a row - May 1st 2014  and 2015, and April 2nd 2016, Pakatan Rakyat supporters held an anti-GST rally.

Thoughout the GE 14 campaign, GST was the main and most impactful political weapon of mass destruction for Pakatan Harapan to demolish the then ruling Barisan Nasional.

Few Ministers, including Prime Minister recently admitted rising prices was a result of profiteering along the supply chain, but back then, GST was blamed for price increases. Now that the system has reverted to SST, prices increased even more and rapidly.

Saturday, May 25, 2019

Not only Deloitte was raided, PMO too ... Lack of evidence?

In the previous posting on Lim Kit Malam, the pun for him chickening out from a debate with Dato Najib, this blog touched briefly of the Deloitte raid by police on Thursday.

One former 1MDB staff questioned why the raid now when the case is already charged in court? Does it have anything to do with the trial being repeatedly postphoned?

Trial for cases related to 1MDB is supposed to commence May 1st but under guise of public interest, DPP requested for a new date and High Court judge Collin Lawrence Sequerah fixed the date for August 19-29th, whole months of September and October, and early part of November.

It is heard that the 1MDB cases had problems with documentations in addition to problems to corroborate the evidence involving foreign money trails.

In other word, it could mean AG have insufficient evidence.

Friday, May 24, 2019

Kit Siang out-danced, Media just no class

Dato Najib challenged Lim Kit Siang for a free style debate.

Without the usual play hard to get by one side in any typical political debate challenge in Malaysia, Najib went along to agree on all conditions set by Kit Siang.

He only insist on free style debate, and in jest, as long as RSN Rayer is not moderator..

It was most welcoming to see that it could come to an agreement in two days. But Kit Siang choked and withdrew.

Thursday, May 23, 2019

Government has new leads on Jho Low: Real or Drama?

At the time public was still in a daze over Jho Low and 1MDB, contrary to the advise of a source close to former PM Dato Najib cautioninh against drawing a conclusion, this blog raised issue on Jho Loh back in early February 2015 with the posting, "Time for Jho Loh to start singing".

It was followed by an April 2015 posting, "Why still no Jho Loh lawsuit against NYT?"

Sources from Penang was saying Tan Sri Larry Low is not as rich as he potrayed himself to be. MWE is not entirely his show, but together with Thai partner. Larry's family moved from Thailand to Penang.

Talk was Jho Loh borrowed money from his father, fathers' friends, and even Ah Long to invest in gifts to win the hearts of potential clients. The Whale book revealed Jho Low modus operandi was buying his way into friendship and access.

The early tip-off on Jho Loh blamed Dato Najib, but 1MDB had many good intentions and CSR, thus it has to be given a chance. More benefit of the doubt as more information received from Terengganu.

An opportunity to meet CEO Dato Shahrol raised suspicion that there are character problem with those running 1MDB and blame should fairly be directed to Jho Low.

Tuesday, May 21, 2019

Hua Wei to Hawau

Top US tech companies begin to cut off vital Huawei supplies after company is blacklisted by White House

  • Chip makers including Intel, Qualcomm, Xilinx and Broadcom are said to have told their employees they will not supply Huawei until further notice
  • Also, the US has pressured both allies and foes to avoid using Huawei for 5G networks that will form the backbone of the modern economy

Published: 2:44pm, 20 May, 2019

Top US corporations from chip makers to Google have frozen the supply of critical software and components to Huawei Technologies, complying with a Trump administration crackdown that threatens to choke off China’s largest technology company.

Friday, May 17, 2019

TH's Q1 "profit" for the starry-eyed and gullible to believe

Three strikes and the batter is out in a baseball game.

Allah is great! Currently on the third consecutive strike, but have not let up on fasting. With the neb on and fingers still able to pound away on the keyboard, Bursa Malaysia this week comes to mind.

CI plunged 30 points first hour Monday morning only to recover back in the morning trade. Prior to the event, there was a barrage of negative reports on Malaysian economy, ringgit, stock market, and investors by-passing Malaysia.

It turns out Investment Bankers churning out the negative reports (and foreign media "viraling" as news) went on a "house buy" to go against their own bearish reports. The gullible locals were selling into a bear trap.

Nevertheless, the market did not turned bullish but bearish with one analyst giving a bottom target for CI at 1580 and one BFM mid-morning comment was talking about 1600 as resistance, intended as support perhaps.

The market would not have been this blur had some smartass accountant and their hair splitting standards not handcuffed local institutions from sticking themselves out for the nation's bourse.

With market condition as such, suddenly Lembaga Tabung Haji (TH) announced its first quarter profit of RM440 million on the back of RM623 million earning. One can't imagine how many out there will be gullible enough to believe.

Thursday, May 16, 2019

Eventually, Justice Nazlan may need to dismiss SRC case

Failure to comply with the rules of discovery may, in more serious cases, result in an action being dismissed, or a defence being struck out and judgment entered accordingly - Shearn Delamore & Co.
Yesterday's SRC trial in court saw the testimony by 37th witness, Ihsan Perdana Sdn Bhd (IPSB) managing director Datuk Dr Shamsul Anwar Sulaiman.

Dr Sam, as he is known in his close circle, did not know the RM42 million IPSB transfered was meant for Dato Najib's personal account. Otherwise, he would not have signed the transfer had he know it is Najib's personal account.

And he told the court the transfer was acting on e-mail instruction from IPSB's fund provider, Yayasan Rakyat 1Malaysia (YR1M).

In case the public forgotten, Dr Sam was the second person remanded for questioning by MACC in July 2015 and was mentioned to be charged for corruption in the charge sheet leaked by Sarawak Report, which was allegedly prepared by Tan Sri Gani Patail and subsequently denied by MACC.

Dr Sam's statement proved SRC money did not go to Najib's personal account as per the charge made by AG and investigated by MACC. This could certainly throw off the case

Nevertheles, it doubtful High Court Judge Mohd Nazlan Ghazali dare to allow it. It is not due to the open secret among certain lawyers that he is Dato Gopal Sri Ram's "boy".

If he could not make MACC provide document to the defense team's discovery, it is unlikely he could dismiss the case or rule no prima facie.

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