Greetings and Congratulation

Trouble brewing in PKR

PKR's political bureau is due for a meeting at 3 PM.

It is expected to be an explosive one with Dato Seri Azmin openly planning to ally themselves with PAS and Rafizi is leading the charge against it. 

It is expected to be the beginning of the much awaited quarrel between the Wan Azizah faction versus Azmin faction. In the past few days, open exchanges between Azmin camp against Rafizi is heard.

The line is drawn between both the factions with each claiming their side is carrying out the instruction of imprisoned leader Dato Seri Anwar Ibrahim.

LSS Facebook summarised the squabble:

Kit Siang's Malay tsunami psywar, Lethargic Chinese surprise

Since picture of Dato Seri Azmin Ali and Datin Seri Dr Wan Azizah visiting Dato Seri Haji Hadi Awang viraled on social media few weeks ago, there were speculation that PKR is trying to appease PAS.

Azmin denied but it is not convincing. It is nothing new since PAS and PKR are still together in what is left of the Selangor Pakatan Rakyat government.

The question is whether PAS will go together with PH with Tun Dr Mahathir around.

PAS Selangor announced they will run in 40 seats in Selangor, including taking on Azmin and Azizah. Is PAS Selangor for real?

Part of the act is the current public quarrel between PKR and PAN. If it is for real, it is a proxy quarrel between PKR and DAP. 

PAS's game is still tricky.

Did KPDNKK officials accepted bribe from MBI's Teddy Teow to release frozen money?

In early June, Teddy Teow, the schemer behind the MBI International (MBI) virtual money game Ponzi scheme scam, was arrested by the Ministry for Domestic Trade, Cooperatives and Consumerism (the Malay acronym KPDNKK).

Words are Teddy Teow was arrested at a condo in Penang in the midst of shagging someone's wife. To know Teddy Teow, read Malaysian Digest here.

The-called quick money investment scheme extended to finance corrupt ventures. MBI was behind the royal-linked tax evasion and corruption cases involving two or more Tan Sris in March 2017 (read ABITW here).

Their scheme is described in the slideshare in here.

The Unspinners, in their late April posting here, suspected MBI is funding political slash fund for Lim Guan Eng and DAP Penang. It is the suspected conduit to channel the money abroad to a "safe house" in a money money centre, which could be Hong Kong.

Back when MBI and the owner were raided , RM177 million was frozen by KPDNKK. (read about it in MLM website here and The Star here).

Bank Negara forex loss RM130 billion?

The official versions of BNM forex losses by government during the hey days of Tun Dr Mahathir was less than RM10 million.

However, the government position changed from not true, to only paper loss, and finally Raja Petra raised the point that the then Prime Minister and Minister of Finance lied to the public, Parliament, and cabinet.

Tengku Razaleigh Hamzah used to claim the losses could be at least RM16 billion derived from the negative capital position of BNM. Dato Murad have been talking of US$10 billion. The exchange rate then would mean it could range from RM30 to RM40 billion. 

The Mole columnist, Salahuddin bin Hisham, who debunked the current claim on the slide of ringgit, posed the question: Did BNM forex wipe out the country’s reserve? The foreign reserve then was less than RM100 billion, thus the losses could be in that ball park.

Now, Raja Petra's posting over the weekend here is more alarming:

The real losses were more than US$13 billion or RM130 billion at today’s value. The monthly turnover was RM700 billion, while the total forward position was US$150 billion.

More FDIs in Najib’s 8 years than Mahathir’s 22

IN another ceremony in Kuantan recently, work to start the East Coast Rail Link (ECRL) was launched, an event that was aimed at bringing a sense of awareness to the people of Pahang of an economic initiative that would be a game changer to the state.

Transportation and logistics improve accessibility and it is sure fire to raise economic activities and bring development to areas outside the major urban centres. Nitpicking on the corporate banners and signs in Chinese meant for officials from China has no significance.

The China-bashing arguments on compromised sovereignty, the fear China dominance, high national debt and questioning the project’s viability may have run its course.

Foreign direct investments

Penang JC, DAP government disgraced campaign against corruption

Sunday was a working day in Kedah.

A judge at the Alor Setar court rejected DAP lawyers appeal against the 5 day remand of Penang exco member, Phee Boon Pah. Come Monday, a lower rank judiciary official in the Penang Court could override a judge decision.

This send certain reputable anonymous blogger, Captain M into suspicion that there is more than midst the letter and spirit of the law in the decision of the Judicial Commissioner, Yang Arif Dato Abdul Wahab Mohamed. (read here).

Words among legal professionals is that Wahab's decision is personal. Apparently, he was rejected out of a certain office and had to take a difficult career path. The reason is not known but the reason could be office politics or any other reason.

God forbid it is not corruption.