Monday, March 29, 2021

For political stability, UMNO and BN standalone

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

Zeti, Ambank, Goldman and Jho Low colluded for a bite of 1MDB bond

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

KTM rail contracts on silver platter for China

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. 

Late last year, MoT is believevd to have invited a China company to submit a proposal for Electrical Multiple Units (EMUs). A case of specifications tampered was found.

Thursday, March 18, 2021

Najib can afford a smile of relief

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

Rumour of SC raid douse frenzy on Dataprep shares


Malaysia Focus dubbed Dataprep as a rags to riches story for 2021 in their article yesterday that it caught the attention of a PLC CEO of an IT company yesterday. According to the Edge Online, the shares went up by 23 times in a mere month. 

Regulators cautioned investors because a mere collaboration to provide solution for Covid-19 screening without sufficient details provided is nothing to go crazy over. The frenzy for few more days gave rise to the suspicion there was insider trading or market rigging. 

That led Malaysia Focus's expressed concern as to "how the information communications technology (ICT) firm is able to emerge unscathed from the claws of the market regulator." A quick check and taking account of political development leads to the suspicion that it is a money laundering exercise to cleanse black money for political operations. 

It could be linked to MPs jumping ship to support Perikatan Nasional, more so involving those dubbed in the political circle as "a cartel member". If not to camouflage, why then would a certain leader be making unnecessary press statement this evening?  

Sunday, March 14, 2021

Railway union up in arms as KTMB awaits new Chairman


At the end of February, media reported the recently removed Menteri Besar of Perak, Dato Seri Ahmad Faizal Azumu was tipped to be the new Chairman of Keretapi Tanak Melayu Berhad (KTMB) to replace Dato Rameli Musa.  

However, no formal announcement has yet to be made. The official Facebook for the Railwaymen Union of Malaya (RUM) asked on March 6th as to why Faizal has yet to to accept his appointment. Faizal told media he will be meeting Prime Minister Tan Sri Muhyiddin to discuss the appointment

For Faizal, or casually referred to in the political circle as Peja, he may have the Prime Minister's ear, but he does not exude the confidence to provide the leadership to overcome KTMB's dramatic drop in revenue, rising liabilities, and even late salaries paid.  

Peja's appointment is seen by political pundits as Muhyiddin pacifying his Deputy President, who was removed as Menteri Besar at the behest of the Sultan of Perak. He was suspected of blatant involvement in the rampant sales of state land, but there is no such opportunity in KTMB since it holds no land or rail assets.  

He will also have to content with RUM, a union known for being aggressive but short of militant. The union is vehemently opposed to the new CEO appointed by Minister Dato Dr Wee Ka Siong, against Destini-KTMB JV to do MRO, and up in arms with MoT's preference for China's CRRC

My Say