Friday, December 31, 2021
Monday, December 27, 2021
As of Christmas Day, AFP reported death toll of 46 for the flood catastrophe hitting six states in Peninsular Malaysia, including unexpectedly Kuala Lumpur and Selangor.
Three days earlier Al Jazeera reported death at 27 and affected victims an estimated 70,000. With Pahang and East Coast only begin to get submerged under water, the casualty can only be expected to get higher.
However, the cost of the flood has not been announced, but estimates floating on social media ranged from RM10 to RM20 billion. If the economic impact and ESG fallout to the country's FDI considered, a 5 times multiplier could translate to at least RM100 billion.
Being the most developed and centre point of the nation, the financial burden for Selangor and Kuala Lumpur, which His Majesty Agong described as similar to the great flood of 1971, could likely be phenomenal.
The weather is God's will. Federal and Selangor state government less than desirable preparedness and response have been extensively, openly and heavily criticised on social media. Grumbling on the government assistance to the largely B40 segment affected only began. If the cause is due to negligence of government department, it will grow louder.
Few FBers raised the issue early, but media reported the poor dam management by Department of Irrigation and Drainage (DID) only 2 days ago.
Wednesday, December 15, 2021
FB Salahuddin Hisham status this morning picked up on this blog's "Malaysia Day reflection: Ripe for the picking?" dated September 16, 2021.
Tuesday, December 14, 2021
Minister Tan Sri Annuar Musa played the good cop role to consider all views, but revealed his intention from the next move. While, his Deputy Dato played bad cop with the awkward claim decision was made unilaterally by Minister of Finance. Tengku Zafrul Aziz and Dato Saifuddin Abdullah have since denied.
Monday, December 06, 2021
Of all the issues beseiging the country, it is certainly interesting to hear the youth wing of Tun Dr Mahathir's smaller start-up party, Pejuang to take up the issue of Digital Nasional Berhad (DNB).
In a Malay Mail Online report dated Oct 12, Pejuang Youth’s Abu Hafiz Salleh Hudin and the party’s Treasury and Communications Bureau urged the government to call-off the DNB plan.
DNB is a company incorporated under the Ministry of Finance and not under the auspices of more regulatory Ministry of Multimedia and Communication, in which MCMC is under.
Since DNB made known the plan to undertake a Single Whole Network (SWN) approach, telcos have been sulking over it.
Through Groupe Speciale Mobile Association (GSMA), the voices of telco have become louder and more aggressive in applying pressure and lobbying against DNB rolling out of SWN.
Saturday, December 04, 2021
There has not been a whisper from the likes of DAP's Lim Kit Siang, Opposition Leader Datuk Seri Anwar Ibrahim or former Bersih chief Datuk S. Ambiga.
Most of all, where is Tun Dr Mahathir Mohamad? He is the man who explained the 1MDB issue to the layman in one word – kleptocrats.
Thursday, December 02, 2021
Just days before SRC appeal decision, Najib asks court to take new evidence from MACC chief, investigator
Tuesday, November 30, 2021
Monday, November 29, 2021
Sunday, November 28, 2021
Monday, November 22, 2021
Last week in the midst of the Melaka state election, MACC issued a statement to confirm receipt of US$15.4 million (equivalent to RM65 million) from Singapore's Commercial Affairs Department.
It is 1MDB monies squandered by Cutting Edge Industries Pte Limited belonging to Dato Tawfiq Ayman, the husband to former Bank Negara Governor, Tan Sri Dr Zeti Akhtar Aziz.
This confirmed the revelation published in this blog dated March 23rd 2021 of collusion involving Zeti, Ambank, Goldman Sachs and Jho Loh taking a bite of the 1MDB bond's cherry. There is another RM635 million more still due.
Through the mechanism of secondary subscriber, Jho Low distributed the deep discount given to various parties including himself and Zeti.
Fast forward, police should be completing their investigation of Zeti and there are basis for her to be charged. Why is the Attorney General covering up for Zeti?
For that matter, why is Tan Sri Idrus Haron covering up for another of Mahathir's man, Tan Sri Nor Mohammed Yakcop?
Monday, November 15, 2021
Wednesday, November 03, 2021
Sunday, October 31, 2021
After grappling with Covid 19 pandemic, Riyadh season 2021 finally commenced on Oct 20th 2021 with a concert extravaganza.
This was part of the plan announced in 2017 by Crown Prince Muhammad bin Salman to turn a section on the edge of the capital Riyadh into a city of entertainment which offer cultural, sporting and entertainment activities.
It is the Crown Prince's Vision 2030 masterplan to diversify the economy and reduce their dependence on oil.
There have been many events organised since and it is not the first time a concert extravaganza held.
This concert featured Pitbull, a Cuban American rapper remembered for a vulgar act on stage with Jennifer Lopez. The Riyadh season openner went viral and was widely discussed on You Tube, social media and websites.
The westerners viewed it as "progress" and opening up of Saudi mindset from their strict and conservative Islamic practices.
Tuesday, October 26, 2021
Wednesday, October 20, 2021
The Minister of Health's latest obsession against anti-vaxxers is perplexing. It was Khairy, Adham Baba and Noor Hisham who early in the stage of the pandemic announced vaccine is not compulsory, but voluntary.
Apparently, the government's interpretation of voluntary is to systematically discriminate against those refusing vaccine by cutting off access to almost all normal daily needs. It reached the point of denying non-vaccinated teachers the human rights to make a living and at the receiving end of open harrassment from superiors and educational authorities, disallowed access in the school, and restricted them to online teaching.
The government's argument is typical of the one used to justify ISA during Mahathir's era. It is guised as protecting the health interest of the so-called 90% vaccinated. Its quite a common Malaysian habit to apply political narrative to non-political matter albeit health.
Monday, October 18, 2021
Quoting Michael H Hart's "The 100: A ranking of the most influential person in history" from Quora app, below:
My choice of Muhammad to lead the list of the world's most influential persons may surprise some readers and may be questioned by others, but he was the only man in history who was supremely successful on both the religious and secular levels.-Michael H Hart.
1. First, Muhammad played a far more important role in the development of Islam than Jesus did in the development of Christianity. Although Jesus was responsible for the main ethical and moral precepts of Christianity (insofar as these differed from Judaism), St. Paul was the main developer of Christian theology, its principal proselytizer, and the author of a large portion of the New Testament.
Thursday, October 14, 2021
Monday, October 11, 2021
|Original shareholders and Directors, Asmar Haiza |
binti Ishak (left) and Salehodin bin Majid (right)
Tuesday, October 05, 2021
Monday, October 04, 2021
Wednesday, September 29, 2021
Monday, September 20, 2021
Friday, September 17, 2021
Thursday, September 16, 2021
Wishing all Selamat Hari Malaysia in the spirit of the new national tagline Malaysian Family.
The current economic, political and social development seemed to be leading UMNO as well as PPBM and PAS to the inevitable.
Though there is a political truce for at least a year to enable Malaysia to get out of the triple crisis of health, economics and politics, MOU is not an iron clad agreement.
Only time can tell.
Political pundits is predicting the horizon is not too far away. Perhaps, it is before the return of His Majesty Agong from his overseas trip. Or just after.
In the meanwhile, the mounting worry is Malaysia has all the elements and ripe for the picking.
Friday, September 10, 2021
Yesterday, the top management of IRD (or the Malay acronym LHDN) was in a meeting the whole day.
The mood and subject of discussion is not known but it should be out of concern for the police report made by Dato Najib against LHDN at the Sentul Police Station on Thursday for abuse of power, use of false documents, etc.
That brought out opposing reaction on the social media. The so-called Najib cybertroopers announced he is commencing his attack.
In the midst of jubilation by Najib's supporter, with some hoping for his comeback following talk Najib will be appointed to some position in government, Court of Appeal put a damper.
Najib and son appeal on the bankruptcy proceeding of LHDN for failure to pay the RM1.69 billion tax was rejected. His social media detractors quickly demand he pay up and brushed aside the police report as mere theatrics.
Maybe yes and maybe no, but police investigation has commenced and probably later, MACC to follow. The heat is still on LHDN.
Monday, September 06, 2021
Pak Pandir is a famous Malay folklore character depicted as naive and simpleminded.
He is the village idiot foolishly following advise blindly and seldom succumbed to situation which puts him in hilarious situation.
In the Serba Dinamik episode, Sarawak Kini, a Sarawak based blog described EPF as a Pak Pandir Fund Manager. They went on to account for repeatedly being on the wrong side of the market, which is contrary to their claim as a prudent investor.
The market talk is EPF has something to hide for it benefited in the short and long play through the meteoric rise of Serba shares in the past. The cat may have got their tongue.
To cover from losing face and not be shamed, the likes of EPF, Bursa Malaysia and Securities Commission need a voice to assist and perhaps, cover for them. Suspiciously and with basis, Minority Shareholders Watchdog Group (MSWG) maybe doing their bidding.
The recent comment by its CEO, Devanesan Evanson in Focus Malaysia here made him look as naive as Pak Pandir to the astute observer.
Wednesday, September 01, 2021
Sunday, August 29, 2021
Back in primary school days at Sekolah Temenggong Abdul Rahman 1, Johor Baru in 1971, yours truly was the senior prefect leading the reading of oath at the school assembly.
In celebration of Merdeka, join us to read the sacred words this then 12 year old recited at the top of our voice half a century ago:
Friday, August 27, 2021
Wednesday, August 18, 2021
Malaysia Bureau Chief
3 HOURS AGO
KUALA LUMPUR - Umno vice-president Ismail Sabri Yaakob is on the cusp of becoming Malaysia's ninth Prime Minister after his party's 38 lawmakers decided late Tuesday (Aug 17) to throw their support behind him.
Multiple sources told The Straits Times that a meeting of the Umno-led Barisan Nasional (BN) lawmakers agreed to nominate the Bera MP, who was deputy premier in the Muhyiddin Yassin administration which resigned on Monday.
Monday, August 16, 2021
Friday, August 13, 2021
It could be 24, 48, 72 hours or even more.
Unless any unexpected turn of event, any moment Tan Sri Mahiaddin Mat Yasin @ Muhyiddin Yassin would end his tenure as the 8th Prime Minister before Parliament could reconvene to vote on the motion for a vote of confidence.
His trip to Marang, Terengganu yesterday to meet sickly PAS President, Tuan Guru Dato Haji Hadi Awang may not likely to discuss strategy to remain in power.
A PAS leader and UMNO Minister was heard summoned to meet the Agong to deliver the message to Mahiaddin to resign. He has received the message Wednesday evening after the meeting with party leaders of Perikatan Nasional.
Hadi should have been briefed. Already viraled on social media is all police leave cancelled with immediate effect. Military Chief is Agong's brother-in-law and they would have been on standby earlier.
The Facebook of YB Awang Hashim for Pendang quoted Utusan Malaysia report mentioning the meet is to strengthen PAS position in the PN coalition. MB Terengganu, Dato Dr Ahmad Samsuri Mokhtar was more sombre and less committed to say anything in his FB posting.
Sunday, August 08, 2021
The last words in TwentyTwo13's interview with Dato Vinod Sekhar is probably an indication he will not waste any more time with MalaysiaNow or Malaysia Today and sue the living daylight out of these two portals.
Reproduced from The Mole:
I’m a businessman and I want to do as much as possible. I’d like to leave a legacy for my daughters so that they will be proud of me like how I am proud of my father. That’s setting the bar very high. I’ve passed the stage of looking at petty things. Legacy is all there is.
The two portals were still at it to repeat on his already cleared bankruptcy and again mentioned in their so-called scoop on Vinod involvement in the alleged Hungarian ventilator scandal.
Since 2019, Vinod started bouncing back from the financial setback (read Astro Awani here). Because of the renewed onslaught, he had to do another round of PR exercise (Read FocusM here and here). Image and perception is everything to a businessman.
Its one thing for writer or social media commentator to raise issues against politicians. They are more hardy, thick skinned, and capable of replying back.
But when involve civil servants and businessmen, it is a different ball of wax. Extra caution is required. Ensure it is substantiated and can be proven.
Friday, August 06, 2021
After more than 10 days, wonder what is the development to the July 25th posting entitled "MalaysiaNow - MT doing old school reformasi era psywar" in their attempt to scandalise and locally politicise Malaysian businessman, Dato Vinod Sekhar to the Hungarian ventilator scandal.
The issue is interesting on several aspects. Hope it is not narrowly perceived as a pro-UMNO moi defending someone closely linked to Dato Seri Anwar Ibrahim. If there is any politics, it is about political quarrels similar to the quarrel of former lovers.
Same happening currently at national level is the political quarrels of former comrades from and within UMNO, which this blog is refraining from comment to prevent from blurting anything and just enjoying a ring-side seat.
The attack on Vinod revealed Malaysia Today has changed bosses again within a short time after leaving Dato Najib's man to someone aligned to PPBM and apparently, now it is with Azmin. NO worry, OK with that.
Tuesday, August 03, 2021
In an interview with FMT, Serba Dinamik finally explained and replied to the RM4.5 billion KPMG claimed audit discrepancies.
The saga caused some RM3 billion capitalisation of the company wiped out following attempt to sack and resignation of KPMG, sellout by local Fund Manager including Pak Pandir dubbed EPF, resignation of independent members of the Board of Directors and unprecedented lawsuit against an external auditor.
Apparently, 1MDB did the same on KPMG. Another relief to Serba is criminal charge against an ex-KPMG sued by 1MDB and also ex-Serba independent Director. More in Rocky Bru here on the change of perception against Serba.
The crux of the matter is the audit discrepency. Part of it was probably leaked and rebutted back in i-Investor portal. Sarawak Kini discussed it here.
Serba CEO Datok Mohd Karim Abdullah has finally spoken. FMT below:
Sunday, August 01, 2021
According to Wikipedia, persistence of vision is the “optical illusion that occurs when visual perception of an object does not cease for some time after the rays of light proceeding from it have ceased to enter the eye”.
A series of vision creates an illusion of motion in the old film on reel. And, a series of reported and analysed news or events could create a visual perception of the reported subject. Seldom governments or corporations or personalities are too adamant with the facts before their hand.
They failed to realise the visual perception from the publicly available and widespread report or analysis of news or events. By the time, they realised the problem and gone into firefighting mode, its too late and perception is imbedded.
Like all players in the aviation industry, Malaysia Airport Holdings Berhad (MAHB) is in a tough business condition. Though still have the reserves and credit facility to keep going and carryout plans, the 5 quarters losses is their persistence of vision.
Sunday, July 25, 2021
Friday, July 23, 2021
Friday, July 16, 2021
Today, it is for all to witness how allowing Air Asia to roam free has cannibalised Malaysia Airlines, reduced Malaysia's prominance in the world airline industry from once 3rd rated in the world, and reduced the local airline industry into a low yield destination.
For a good many years, Air Asia temporarily took prominance in Asia with listing at almost all bourses of its Asian major destinations. However, Covid 19 pandemic proves that the competition is good mantra expounded by Air Asia is structural deficient as the crumble under financial pressure to reduce itself to pursue food delivery business.
The same will happen should government decide to emulate the same mantra for the airport business to turn into an unmanageable industry which will be counter productive to the development achieved for the overall Malaysian aviation indutstry.
Sunday, July 11, 2021
As ongoing austerity policies hit European citizens – leading to an explosion of so-called ‘food banks’ to support low-income families – a local authority in a crowded area of Istanbul is encouraging high or middle-income residents to pay for extra bread for their less-well-off neighbors, without the beneficiaries knowing who donated.Taking its name from the hooks on which they were commonly stored, ‘hanging bread’ was revived in Istanbul's busy Bagcilar district last year during Ramadan.
Thursday, July 08, 2021
Monday, July 05, 2021
On Friday last week, Serba Dinamik got its wish for an independent party to either condemn them or free them from the negativity that arose because KPMG could not form an opinion .Trading today will be interesting but only on Tuesday, the 1.75 billion shares traded last last week will meet the hold, fold or foresold fateReddit banter points to a new shareholder. Similar stories are bound to appear elsewhere ahead of Tuesday.
Nothing much said though on what looks like a deliberate attempt online and in Telegam to paint a picture of guilt on Serba Dinamik. READ ;Who would go to such lengths and why must we all be convinced that Serba Dinamik's guilt is cast on stonePronounce Serba Dinamik INNOCENT, and EY, the only BIG FOUR 1MDB auditor who walked away with their integrity and honesty elevated, will have knives pointed at their integrity by lesser men.Add the strange selling strategy employed by the EPF and a Sarawak based media's demand to know if the fabled PAK PANDIR IS FOR REALHave we forgotten how attempts were made on Air Asia, seemingly on governance issues over the past 6 years, which could have resulted in Tony Fernandes, having to sell against his will and on the cheap the company he built from nothing. The personalities in Serba Dinamik are mere dwarf's compared to Tony in terms of profile, wealth, and global networking, but even he had to take The WALK OF SHAME
READ ;TUESDAY, shall have her share of diamonds in the rough intrigue, and nothing more than that because they have always known as you now know ; the story of Serba Dinamik has yet to be told.
Saturday, July 03, 2021
- Annus Horribilis continued into 2021
- Tuan Ibrahim should answer for the flood devastation
- Ripe for the picking 2: Choose US or China?
- Telco failed to deliver, but remained greedy on 5G
- Pejuang opposition to DNB for Mahathir's self serv...
- The next big thing 1MDB-related scandal, but wher...
- Injustice revealed: Najib did not receive a fair t...
- ► November (6)
- Prophet's prophecy on Najd (Riyadh)
- The Malaysian Pandora paradox
- Will Khairy threaten Ku Li to make life difficult ...
- Salam Maulidur Rasul
- Unfinished Serba Dinamik issue
- uCustoms: Who is behind Brinfo?
- Since Nov 1st 2016, uCustoms collected only RM200 ...
- Finally, the law caught up on Brilliance Info-MAMP...
- ► September (7)
- Salam Merdeka 2021
- What will new cabinet be? [up-dated]
- Umno vice-president Ismail Sabri Yaakob on course ...
- O' Lord, grant us good leadership ... Ameen
- It's a matter of hours ...
- New year, New beginning?
- Vinod Sekhar could sue the daylight of MalaysiaNow
- Nothing new on the Hungarian ventilator scandal al...
- Serba finally reply the RM4.5 billion question
- MAHB need to avoid perception trap
- MalaysiaNow - MT doing old school reformasi era ps...
- Hotel Istana: Syed Mokhtar-Fakhri Yassin cooking s...
- Learn from Air Asia mess before carving out Subang
- Altimet-ly, no Malaysians should go hungry
- ... no idea ... blame you ... put them in Parliament
- Businessman trickery, Auditor no angel
- Raising the black and white flags
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