Wednesday, April 07, 2021
Monday, April 05, 2021
MARA officers and 5 exco members in UniKL are the new target for dismissal by politicians and wannabee politicians in MARA Corp.
Free Malaysia Baru, a PPBM back website wrote a summary of wrongdoings in MARA during the days of Pakatan Harapan dan Dato Shafie Apdal at MARA Inc. as though the current team is the saviour.
It is no surprise because FMB was the website that launched the attack to recently unceremoniously and unjustifiably removed MARA Corp CEO Dato’ Badlisyah Ghani and his management team of reputable professionals.
Prior to the unlawful dismissal, other blogs were used to discredit Badlisyah and his action for bringing in experienced and leading professionals in their field into MARA Corp.
The same modus operandi will be used and their gun is aimed at personnal in UniKL. The intention is obviously for PPBM politicians and wannabe politicians in MARA Corp to wrest control of MARA’s crown jewel.
It is not because UniKL is a private university with number of students more than any IPTA. And, it is not because UniKL has built a history of developing the institution from conceptual to achieve internationally recognised educational milestone. Most likely than not, the RM350m reserve of UniKl is like sugar and honey attacting ants and insects.
No wonder the new Uncle Don owner, Dato Megat Shahriman once passed a remark to throw the UniKL CFO out from the top of Menara KL. Apparently, he owned and managed the revolving restaurant at Menara KL.
Friday, April 02, 2021
Monday, March 29, 2021
The underlying reason behind UMNO's decision to go alone was lost to the "garang" undertone and overemphasis on politics and 15th General Election by the speakers at the UMNO General Assembly.
UMNO President Datok Dr Ahmad Zahid Hamidi cannot be solely blamed.
Since losing GE14, the General Assembly is no more the platform to set the direction for the Malays and nation. And since Pak Lah's Presidency, the opening address stopped playing the role as agenda setting for the Malays.
More so, the pandemic limit any role the GA could play.
Saturday, March 27, 2021
Jangan berbicara tentang Perpaduan Ummah dengan UMNO jika "sebenarnya anti perpaduan Melayu" - Mohamad Hassan
".... kita akan melihat perpecahan jika konsep perpaduan bangsa Melayu itu ditafsirkan dalam konteks politik semata-mata."
Teks Ucapan Perasmian Wanita, Pemuda,Puteri UMNO – Datuk Seri Mohamad Hasan
Para perwakilan sekalian,
1. Saya sangat berbahagia dapat bersama dengan semua perwakilan Wanita, Pemuda dan Puteri pada pagi ini.
2. Dalam gawatnya pandemik ini, Allah SWT terus mengizinkan kita berhimpun untuk melangsungkan urusan parti dan negara.
3. Maka marilah kita memanjat setinggi-tinggi syukur dan pengEsaan kepada Allah SWT yang Maha Mengasihi dan yang Maha Mengetahui atas semua yang telah ia aturkan kepada kita.
Tuesday, March 23, 2021
Prior to the commencement of the operations of Terengganu Investment Authority (TIA), the Sultan of Terengganu summoned a then renown corporate figure to the Istana Terengganu off Jalan Tun Abdul Razak in Kuala Lumpur.
The TIA scheme put together by Jho Low was to capitalise the future cashflow of Terengganu Wang Ihsan oil revenue by raising more capital through the issuance of bond to undertake investment.
The money raised by Ambank through the 1MDB bond issuance was supposed to be invested into Petrosaudi. However, part of the money was redirected into a bearer owned company, Good Star Ltd controlled by Jho Low. Amhari admitted during the SRC trial that he registered Good Star and is the beneficial owner.
The 1MDB-Tanore case against Dato Najib is on the allegation the RM2.3 billion donation into his personal account came from Good Star.
The Tan Sri flipped through the paper shown to him by the Sultan and commented it looks dubious.
The Sultan's subsequent action to the comment is not known till yesterday's posting by Facebooker Lim Sian See. She gave a perspective by linking current development to past news report.
LSS disclosed Sultanah instructed to stop the bond issue, but it still proceeded. That could have explained why federal government tookover TIA entirely and turned it into 1MDB a year or two later.
Saturday, March 20, 2021
Rocky Bru here suggested the Railwaymen Union of Malaya (RUM) take up their case with Minister of Transport, Dato Dr Wee Ka Siong and Prime Minister, Tan Sri Muhyiddin Yassin.
One of their many grouses is China. In January, RUM President Abdul Razak Md Hassan warned government to stop the flood of China trains. The union repeated the same call to protest a plan to purchase the problematic Locomotive Dalian and Six Car set (SCS) trains. Razak claimed most China purchases were not made on open tender but direct negotiations.
Their concern against China dates back to the days of BN. When PH came to power, they look towards new Minister Anthony Loke with the hope of change. PH's campaign tagline "selling the country to China" in their GE 14 campaign was appealing.
Subsequently, Loke began an make about turn in 2019. He was overly excited and today, still is over China's promise to assist Malaysia to build trains and rail equipment hub South East Asia.
Despite PPBM uttering the same campaign tagline, there was no change in policy when the took leadership of PN government.
Thursday, March 18, 2021
After few years of disappearance, the lady facebooker, who defended 1MDB galantly, Lim Sian See has returned to the social media. Her latest is on US goverment blocking Dato Najib access to court document related to Goldman Sach admitance to giving bribes to 1MDB and government officials.
Soldier such as former JASA officer, vocal and combative, Tun Faisal turned his back to attack Najib, openly collaborating with PPBM to topple Dato Zahid Hamidi, and not shy to support UMNO-oppressing Tan Sri Muhyiddin and his Perikatan Nasional government.
LSS remained steadfast and loyal to the cause than the many other Melayus. Recently she wrote her view on SRC for the upcoming ppeal date. (reproduced at end of this posting). Could her re-emergence be a sign of renewed confidence for Najib as he faced the harassment of legal charges?
Last Monday, Najib can afford to smile in court on the AMLA related court application involving the police raid against him from the night of the first Ramadhan in 2018. Its giving police, MACC and prosecutor quite an embarassment.
Zeti expose, Goldman Sach case in US, Ambank fines, and the AMLA cases against UMNO, few divisions, and leaders are showing it was political persecution all along.
Tuesday, March 16, 2021
Sunday, March 14, 2021
Friday, March 12, 2021
General Election must be around the corner because explosive inter-racial and inter-faith issues are in vogue and returning to the public sphere.
Latest is High Court decision by Muslim Court of Appeal judge, Dato Nor Bee binti Ariffin for Christians to use "kalimah Allah".
Justice Noor Bee's decision, that arised from a legal challenge to police seizure of educational Christian CDs of Jill Ireland at Sepang Airport in May 2008, is challenging a 4-3 Federal Court decision made in 2016 to disallow use of "kalimah Allah" in Christian publication.
The same debate is being revived on the "kalimah Allah" issue that dates back to legal attempt by Catholic Church to seek court order in 2009 against Home Ministry confiscation of Malay printed material by Catholic Church publication, The Herald.
Dato Najib attempted a solution to the interfaith impasse that put differences in religous practises and interfaith attitude between East and West Malaysia into question.
However, he could not because court process was on-going.
Thursday, March 11, 2021
Since the Pak Man Telo expose by Facebooker Salahuddin Hisham on March 2nd, 2021, Lembaga Tabung Haji have been absolutely silenced without a response.
Its a clear cut case of non-distributable income being given out, which current LTH CEO Dato Nik Hasyudeen used to accuse previous management of doing a Ponzi scheme-like operations.
In this age of social media openness, which used to be led by blogs, keeping silence is not an option for Investor Relation or Corporate Communication people, more so management.
Issues will not go away and gets buried. These days getting someone on WA group to deny, "It's not true" is not good enough.
More so with extract of documents provided. Made possible by technology to enable easy distribution of image, text, audio, and video. Proudly to say, if it is written in this political economic blog, it does get at least attention from its modest number, but yet influential followers.
Perhaps, this blog can claim to be an Industrial Relation blog too. Nik Hasyudeen will not be preachy anymore in his way to evade hard questions. He was given the Donald Trump reality show ending.
Sunday, March 07, 2021
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.
Remember the Pak Man Telo scheme? Why is this scheme wrong? It pays dividend from deposit it collect, not from the profit as per their claim. Similar in meaning, right?
Friday, March 05, 2021
Thursday, March 04, 2021
Stupid or something fishy?
That was the comment on the Facebook Group Citizen Voice to this blog's yesterday posting, Why would EPF be selling out Top Glove?
Zam Yahya's comment to question the dividend announced for 2020 remained on the back of many astute professional investors and market traders.
The fact that almost 40% of the portfolio is stuck in equity for salvaging the crashing market from loss in investors confidence after GE15, the balance 60% in cash, money market and bonds need to make up for the substantial shortfall from equity return throughout 2018, 2019 and 2020.
That portfolio cannot make up for the poor dividend and capital loss. Zam Yahya fairly estimate should be about 4%. EPF under former CEO Tengku Alzakri Alias may have found some innovative ways to generate return from the equity portion to get 4.9 to 5.2%.
One possibility is to do shares lending for foreign investors to short the market. That would have detrimental effect on the Malaysian equity market.
Wednesday, March 03, 2021
Thursday, February 11, 2021
Monday, February 01, 2021
Last Thursday's posting on six corvette contract for RMN has yet to be answered by Istana Negara media. Perhaps their approach is to ignore and hope it would die down.
Rumour going around that there is a Conference of Ruler meeting for tomorrow Tuesday February 2nd. It partly explained for SteadyAku47 timely release of division among brother rulers on the decision for emergency and his motivation to update on the contract and revive decade old exposes.
According to SteadyAku, Sultan of Selangor is in agreement with Agong on the emergency decision. Consequently last week, it was exposed that Penjana Kapital VC Fund are being managed by Fund Managers linked to the Selangor royal household.
Penjana denied the accusation, but held back from providing any information to dispute the revealed information to instead resorted to legal threat. That is suppression rather than engagement and explanation. It does not discredit the revelation but raise more suspicion.
There are questions being raised on Social Media on the methodology or precisely the transparency of the escalating Covid number that has reached above 5,000 and Director General Tan Sri Noor Hisham Abdullah forecasted to reach daily level of 8,000 for March 2021.
Is that to scare off the apparently more number of sceptical brother rulers to support Agong's decision for emergency and albeit save the premiership of Tan Sri Muhyiddin?
Thursday, January 28, 2021
Thursday, January 21, 2021
Friday, January 15, 2021
The move by Prime Minister, Tan Sri Muhyiddin Yassin to seek DYMM Seri Paduka Baginda Yang DiPertuan Agong to proclaim Emergency is being seen with sceptic eyes. Undoubtedly, the power to proclaim lies with His Highness, and in an earlier attempt, His Highness did deny the executive request for an emergency.
The power of Agong is not in question, but the request and advise strangely came after Muhyiddin announced MCO a day before Agong made the Emergency Proclamation for the same health purpose. Its applying two laws for the same and single purpose.
The discussion will not end and it will continue to be discussed from the perspective of the law, politics, economy, government performance, effectiveness of PN as government without majority support, and Muhyiddin and the psyche of his party PPBM.
If done correctly and fairly, Emergency could be made to good use to reset the country on to the right path but the authority and leadership must be given the right people.
Sunday, January 10, 2021
Tan Sri Annuar Musa tried to playdown the overwhelming number against Division against continuing the relation with PPBM. He claimed the number is only 100 and a few of his government and PPBM paid cybertooper claimed it to be 98.
It does not change the fact that only Dato Shahidan Kassim representing Perlis was silenced in the UMNO Political Bureau meeting as other state liaison chief pounded away endlessly on their complaints against PPBM.
There were few Division leaders not wanting to commit to breaking ties with PPBM, but as one leader confided none dare go against the overwhelming tide at the division. This include Vice President and Bera Division head, Dato Seri Ismail Sabri.
The UMNO grassroot tsunami is nationwide!
Friday, January 08, 2021
Khazanah Nasional was supposed to have finalised a decision on the sale of Silterra in December 2020. All the cards are already on the table. They should decide based on what's available.
However, nothing is forthcoming from the Board of Directors of Khazanah chaired by Prime Minister Tan Sri Muhyiddin and include senior position members of cabinet. Why the indecision? What's the ulterior motive behind such unprofessional and unethical conduct?
In a December 30th article, Emmanuel Samarathisa exposed in a subscription based news portal, The Malaysianist that the Board is under pressure to sell it to local but mentioned Green Packet's MACC investigation proves a hinderance.
The latest talk reported by NST claimed that Khazanah giving more leeway to give Green Packet more time to firm up their financing. It means their so-called Bumi Fund is not for real, mere hype and not raised money to finance the Siliterra purchase. The decision should be to reject.
Green Packet was brought in by Khazanah's Goh Ching Yin just about the time the sales to DNex was supposed to be inked after three years of collaboration to put together a comprehensive plan. Goalpost was conveniently changed and even possibly changing certain condition to enable the sales. Now a time extension.
It turns out there is collusion between key personnel of Khazanah and Green Packet. What is going on, MACC? What happenned to investigation? KIV?
Tuesday, January 05, 2021
Tajuddin responded to accusation with regard the status of Prasarana Group CEO and payment to MRCB-GK. He confirmed Muhammad Nizam Alias is undergoing suspension for insubordination. Nizam has replied to the enquiry and due process is being carried out.
Monday, January 04, 2021
Friday, January 01, 2021
- ▼ April (3)
- For political stability, UMNO and BN standalone
- Jangan berbicara tentang Perpaduan Ummah dengan UM...
- Zeti, Ambank, Goldman and Jho Low colluded for a b...
- KTM rail contracts on silver platter for China
- Najib can afford a smile of relief
- Rumour of SC raid douse frenzy on Dataprep shares
- Railway union up in arms as KTMB awaits new Chairman
- Syed Naquib on "Kalimah Allah"
- TH CEO bites the dust, 10,000 additional Haj alloc...
- Tabung Haji reduced to a Ponzi Scheme
- Is Agong shareholder of Green Packet?
- Did EPF lent shares for foreigners to short the ma...
- Why would EPF be selling out of Top Glove?!
- NGV Tech expose: Not "derhaka" then, "derhaka" now?
- MDEC mass resignation, MARA Corp too?
- Emergency proclamation: Political or Real?
- Can Annuar Musa tame the overwhelming sentiment ag...
- Silterra sales: "Cina" colluding with "Cina", Khaz...
- Tajuddin Rahman replied
- Wrong answer and Tajuddin Rahman could be another ...
- Will 2021 be a better year? And, Zeti make more se...
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