Sunday, June 17, 2018

Don't tell me markets down due to Zionist conspiracy

Cancelled celebration of Israel's victorious 6 day war in 1967 planned in Melaka
Third Force lent a hand to promote the previous posting before Hari Raya and the message with their own posting, PH is taking the economy on a downward spiral.

At least, there are bloggers concerned with the development in the market and implication on the country.

Few FB comments expressed concerned with words uttered by Tun Dr Mahathir and Lim Guan Eng as not helping the economy. In addition to repeated mentioning of RM1 trillion debt political hoax, there was the technically deficient earlier remark of Guan Eng on government bailing our 1MDB.

Enough of picking on Guan Eng. Azmin's remark is far more damaging. FT.com quoted his, "Economy is in a mess" remark here.

And, there have been many developments over the weekend and Hari Raya holidays. Comments on foreigners streaming out of the stock market have gone viral. There is also rising awareness on the important agriculture product of Malaysia, palm oil and potential of ringgit.

The instinct is it could be a stormy Monday by the indication of increased amount of foreigners' selling last Thursday.

It is strange that everything is falling into place since the selling two days before polling on May 9th. No ... no ... please not another Zionist conspiracy.

Thursday, June 14, 2018

Moody debunked Hari Raya wishes


Today is the last day of Ramadhan and tomorrow begins the celebration of Aidil Fitri.

Be careful on the road to ensure a Selamat Hari Raya. Was just told a nephew had a road mishap yesterday that caused the life of his wife and child with himself badly injured. Al fatihah 

This blog made a premonition of an upcoming market black hole two weeks ago.  A commentator dispute us and confidently claimed we will be proven wrong. It would be most welcome.

The intention to be the prophet of doom is to forewarn the new Malaysia Baru government, which remained drowned in euphoria, Mahathir's vengeance, and DAP's impatience to undertake revolutionary change.

It is unthinkable but they seemed unaware of the current happenings and implication of their actions to the stock, capital, currency and commodity market as well as the country's economy at large.

They can't deliver on their manifesto but resorted to cooking up bankruptcy and 1 trillion debt lies [read here, here and here] to the detriment of economic confidence on Malaysia.

Monday, June 11, 2018

Shedding into Japanese snakeskin to deny bankruptcy


The big buzz on Tun Dr Mahathir's trip to Japan on the social media is him admitting that it is not easy to arrest, charge and imprison Dato Najib.

It is not be done in haste as failure to do so will result in people questionimg all the remarks and accusations made against him.

This is no more swings and roundabout but practically an about turn. Its also the snake shedding a new skin acceptable to the intellect of the un-uneducated Japanese and global audience.

Mahathir also said Malaysia will not slide into bankruptcy as there are “huge savings” from several government institutions, which can be used to help the economy recover in the event of crisis.

“I don’t think ... the country will slide into bankruptcy,” he said in a news conference broadcast live from Tokyo, Japan where he is attending the Future of Asia conference hosted by Nikkei.

The Malay Mail reported:

Sunday, June 10, 2018

Swings of bankruptcy to the roundabout on debt


Swings and roundabout is a British idiom to mean "losses, setbacks, or negative aspects of a certain situation are cancelled out or balanced by equally advantageous or positive elements (or vice versa)".

The election is over and PH has won. The advantage or positive outcome from the use of the bankruptcy - truly or falsely, has worn out.

The attempt of Lim Guan Eng to continue with the same propaganda line to claim country's debt as RM1 trillion could cancel out the advantage they have gain.

This blog have been calling the propaganda or fake news or such political drama as wayang. Coincidently, a commentator with nicname, Anti Wayang viral the following comment.

Saturday, June 09, 2018

An academic exercise on blame


A friend, whose organisation almost got chopped recently by the Malaysia Baru new government, sent an interesting message.

Her message was refreshing and current. It was something we had delved into since our late teens and wrote of it in this blog many years ago.

It is purely an academic exercise but thought its worthy for pondering, thus shared it below:
I think it's important that we acknowledge and frame the issues that Malaysia faces. 
While the sense of outrage is absolutely natural, let's recognize that what happened here is a story as old as time.

Friday, June 08, 2018

Ghost of past crisis to restrain market


Last night was the the night of the 23rd of Ramadhan. It is touted as possibly the night of a thousand night or Lailatul Qadr. 

It is the night one's prayers and wishes are fulfilled. There maybe Muslim investors or major shareholders of public-listed companies praying for a revival of the stock market.

According to a message viralling on social media and reports in the media, RM7 billion was taken out from Bursa by foreigners since GE14.

Despite the modest stock market gains on Bursa over the past 3 days, foreigners have pulled out money for 23 consecutive days - the longest streak since 2008.

Tuesday, June 05, 2018

New AG has an opinion on 1MDB before investigation completed


Tommy Thomas is confirmed as the new Attorney General.

The lawyer suggested by DAP, represented Anwar in one of his many cases and agreed by the various parties in PH fits Mahathir's purpose to prosecute Najib for 1MDB and related to 1MDB offenses.

Tommy Thomas expressed his view on 1MDB in Malaysiakini back in 2016.

Please no talk of bias or prejudice as PH supporters will argue and justify it is not.

Monday, June 04, 2018

In 2007, Tommy said Agong can reject his appointment


Upon swearing in, one of the first of many immediate actions by PH’s Prime Minister Tun Dr Mahathir towards avenging his shame of losing out in UMNO and imprisoning former Prime Minister, Dato Najib Tun Abdul Razak, was to attempt the sacking of Attorney General, Tan Sri Apandi Ali.

It was his first step towards proving he is right in his cause celebre, 1MDB (and related to 1MDB) to seek removal of Najib.

Thus far, Najib is not yet imprisoned as promise by Dato Mukhriz in his campaign trail. Claims Najib should be charged does not seem so as new MACC Chief claim he need few more statements. Former AG Tan Sri Abu Talib said need more than 100 days to investigate.

Be it himself or any other parties – local or abroad, including US Department of Justice - all claims on 1MDB remained unproven allegations.

Saturday, June 02, 2018

Wherefore art thou politics in this heedless time

Opposition message embraced by UMNO members led to BN's fall

After 15 years of active involvement and many more decades in various minor and insignificant roles from keen observer to complimentary support, it is time to take stock of our involvement in politics. If there is a purpose to stay on, the new role need to be redefine.

Currently it is rather confusing and national politics look rather heedless or the Arab word best described the condition as Ghaflah (pronounced closer to Ghoflah). From Islamic context, it is negligence and heedlessness in forgetting Allah, and our divine purpose. The political context is closer in meaning to aimlessness.

Politics relate to governance, debate between political parties, and activities relating to secure power through political positions. The acquisition of power comes with it a sense of responsibility and purpose for a greater good for the nation, and its people.

As we see it, politics in Malaysia is moving towards a state of aimlessness and it looks to be moving towards the state of heedlessness (Ghaflah) at its extreme. So it is challenging to justify continuous active involvement and purposeful role.

In the first place, it was unthinkable to got involved given the in-fighting, suspicion and envy by certain influential character among Najib people. Maybe time to take few steps back to observe from afar.

My Say