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Monday, September 7, 2015

Kongres Rakyat:


Published on 5 Sep 2015
Pengerusi Kongres Rakyat, Mohd Azmi Abdul Hamid berkata Kongres Rakyat yang akan diadakan pada 12 September ini adalah platform untuk rakyat menyuarakan serta memberi pandangan berhubung iklim politik negara. Video Ihsan : Sinar TV







Sunday, August 30, 2015

BERSIH - SINGAPORE's VERSION!

Room for improving voting process, campaigning ethics for free and fair elections: MARUAH to ELD

Daniel Goh, Workers’ Party candidate.

Daniel Goh, one of the candidates introduced on Wednesday.

Human rights advocacy group MARUAH has written a letter to Mr Lee Seng Lup, Head of the Elections Department, to call for more stringent requirements on the balloting process, and for clarity on the guidelines for media houses covering the election in the wake of the latest incident where Mr Daniel Goh from the Workers’ Party was questioned about an alleged extramarital affair by publications under the Singapore Press Holding.

The letter, also published on MARUAH’s Facebook page, sought ELD’s clarification on the sealing of ballot boxes, guidelines for re-entry of polling and counting agents, procedures for checking samples of ballots, and called for samples to be provided to help officials decide on unconfirmed ballots.

MARUAH also questioned the new rules of disallowing leaders of a political party from speaking at rallies organised by other parties, calling it “deplorable”.

“There is no plausible reason for the rules on grounds of public order or safety,” said MARUAH. “This rule is a gross violation of Singaporeans’ right to free speech.”

Noting that certain parties have come together to jointly contest in wards, such as the Singapore People’s Party and the Democratic Progressive Party in Bishan Toa Payoh GRC, MARUAH said that this is “unfair to the two opposition parties”.

“While this rule was apparently made for a short-term political purpose, it has long-term implications in that it creates a barrier by administrative fiat to the establishment of coalitions between political parties in Singapore despite the fact that there is no constitutional or statutory basis for doing so.”


MARUAH also questioned ELD’s standards on media houses for what they can publish that can potentially damage candidates, given that there are currently similar guidelines for political parties governing ethical practices.

MARUAH’s letter is appended in full below.  CONTINUE >>  








Thursday, August 27, 2015

It is not cool for any political party to hijack the Bersih 4 rally

Anwar Ibrahim
anwar ibrahim

It is not cool for any political party to hijack the Bersih 4 rally and carelessly add on another demand at the very last minute. Here’s looking at you PKR and PKR Youth. You are not the organisers.

Alyaa Alhadjri, The Ant Daily

Let’s get a few things straight. Because clearly, thinking straight is not something that some people seem particularly capable of doing at this very moment.

Firstly, a peaceful rally cannot topple the government.

Let that sink in for a while.

Done? Good, let’s move on.

Any attempt to occupy a public space is not a threat to the government.

Any attempt to occupy a public space is certainly not a threat to democracy.

Section 124B of the Penal Code that criminalises any attempts to allegedly topple the government makes no mention of any such specific attempt.

Section 124B also makes no mention of camping being a crime, even when done outside Parliament – one of the pillars of the country’s democratic institutions.

There may be legitimate reasons to arrest 16 student activists on Aug 26 but certainly not for being any sort of threat to democracy.

Indeed they are practising one of the core precepts in any democracy – that of expressing dissent.

Once again, moving on.

Not all protesters are activists.

Not all protesters are political party members.

Not all protesters are wannabe leaders.

But we can be assured of the following facts:

The people have a right to peacefully assemble.

The authorities have a duty to facilitate a peaceful assembly.

The elected government and leaders have a responsibility to respond to the people’s demand.

With that out of the way, here are a few more things to consider.

To the Home Ministry, Bersih 4 is not a registered organisation and never will be.

Contrary to claims by Home Ministry secretary-general Alwi Ibrahim, a non-existent organisation cannot trigger unrests, disrupt the peace or threaten public’s safety.

The organisers of this weekend’s rally is Bersih 2.0, supported by civil society groups and political parties.

That’s right. The key word is “supported”.

It is not cool for any political party to hijack the Bersih 4 rally and carelessly add on another demand at the very last minute.

Here’s looking at you PKR and PKR Youth. You are not the organisers.

PKR and its members may still want to “free Anwar” but they can’t claim to speak for everybody else. 

Especially not for the ordinary Malaysians who are already wary of such ‘hijacking’ attempts.

They are giving Bersih 4 a bad name.

We are not political tools. The people are not your political tools.

PKR, however, seems to think that it’s okay to tag along and add its own demand to the day’s agenda.

Newsflash. It’s not okay.

It is exactly this sort of attitude that can be used as a weapon to vilify Bersih 2.0 and Bersih 4 participants as nothing more than mere rabble rousers, manipulated for an individual’s personal agenda.

Everyone who has made up their mind to come out this weekend – be it to camp for 34 hours or otherwise – will each have their own personal reason to do.

And for those who made up their mind to not come out, they will have their reasons too.

No one person is bigger than the cause. But each and every one counts when it comes to protecting and celebrating our democracy.

Let’s just get that straight.

Original here .. SOME THINGS WE NEED TO GET RIGHT ABOUT BERSIH 4




Tuesday, August 18, 2015

WHY I WILL NEVER SUPPORT DAP - Jason Chin


YES. You got that right. My name is Jason Chin and I am of Chinese descent. Yet, I openly declare that I will never support nor cast a vote for the Democratic Action Party (DAP). Let me also assure you that I am not the only Chinese who will never support DAP. There are many others like me out there who do not voice their opinion, as they are afraid they will be ridiculed and labeled ‘Anti-Chinese’.

Please allow me to get straight to the point. The reason I will never support DAP is because they are the most sophisticated, spineless bunch of people with absolutely no integrity. Well, maybe not all of them but Lim Kit Siang and Lim Guan Eng certainly are.

Testaments that DAP have no integrity

From 1952-1969 Malaya’s strongest opposition party was The Labour Party that was infested by communists. During the 1969 general elections The Labour Party boycotted the elections and that left the opposition front to consist of DAP, Gerakan, PPP and PMIP/PAS. During the campaigning period, The Labour Party threw all their support behind DAP. This in itself will tell you the very essence of DAP. DAP has communist ideology in their DNA.

In The National Operations Council (NOC) Report post 1969 racial riots, it was clearly mentioned that on 11 May 1969, DAP held numerous processions all of which were without police permits. Those in attendance were provoking harsh racial sentiments. These illegal rallies were [said to be] the root cause of the May 13 riots. Although Lim Kit Siang continues to say he was not in the country during those dates, he has not rebuked the fact that DAP through their intimidating rallies led to the bloodshed of May 13. There are pictures (on the internet) of DAP Secretary-General Goh Hock Guan holding the Rocket flag and parading across the streets of Kuala Lumpur prior to the riots. The older generation who lived through the riots know exactly how DAP propagated hatred among the people that eventually led to the darkest day in the history of Malaysia.

With the common enemy being Prime Minister Najib Tun Razak, Lim Kit Siang has offered to befriend his arch-enemy, Tun Dr. Mahathir Mohamad. When Mahathir mocked Lim’s action and said he would never work with the Opposition, Kit Siang started to upload anti-Mahathir articles on his blog. What a loser!

Let’s not even mention Lim Kit Siang’s publicity stunt with the Malaysian Anti-Corruption Commission (MACC) recently. He called a truce with another organization that Lim only had harsh words for in the past. May the souls of Teoh Beng Hock and Ahmad Sarbani Mohamed rest in peace especially after DAP’s supposed solidarity with MACC.

Lim Kit Siang goes to Kelantan and delivers a speech against Hudud to the Muslims there and DAP claims there is nothing racist about that action which was ridiculed by Tok Guru Nik Aziz’s son. If the same were to occur where a non-Chinese went to Penang and spoke against the Chinese culture, Lim Guan Eng would throw a fit. Whether you like it or not, Hudud is an Islamic law and we should all respect that. Speaking against hudud openly is relative to speaking against Islam and that action violates the fundamentals of our country’s constitution. Had Mahathir been in power, Kit Siang would be immediately arrested under the Sedition Act.

When Najib sacked ministers and deputy ministers from their respective posts for allegedly not throwing support behind him, he was widely condemned especially by DAP and their Opposition coalition partners. They say it is abuse of power. However, when Lim Guan Eng sacks PAS council members from the Penang State Government after PAS decided against working with DAP, nobody said anything. Isn’t Guan Eng’s action the same, just different circumstances?

When Najib and Rosmah filed a defamation suit against Rafizi Ramli, they were mocked for their action. It was said that being a public figure, he should not sue someone for words spoken but instead address them professionally. However, when Lim Guan End sues Utusan Malaysia, Free Malaysia Today and Malaysia Kini for defamation it is deemed acceptable. Clear-cut double-standards. Guan Eng got a taste of his own medicine when the Penang High Court recently ordered him to pay RM500, 000 in damages to BN’s Datuk Jahara Hamid for calling her a “racist grandmother”. A true leader should never utter such words.

When Datuk Seri Abdul Hadi Awang urged the public to not react hastily against Najib, DAP called him ‘the enemy’ and accused him of being pro-Najib. However, today, when Johor DAP extends an offer of working together with UMNO Johor, it is again acceptable. Johor DAP has said outright they are pro-Johor BN. These bunch of shameless people would go to any extent to be in power.

Guan Eng again plays to publicity when he continues to condemn Israeli aggression on Palestinians. However, he did not utter a word this year when China banned Ramadan fasting in Muslim-dominated areas in the country. While Guan Eng did express dissatisfaction to the same in 2014, he was rather quiet this year. After being vocal last year and sharing very close ties with China, what action did Guan Eng take to ensure this draconian rule does not occur again? Even I can speak over a microphone and pass comments.

I can go on and on citing examples that show DAP is clueless and has no nobility. Above mentioned are just a few examples. I admit that the country needs a new leader but by no means the leader should come from DAP. After Mahathir, Malaysia does not need another communist regime.

I would like to urge the media to not shy away from speaking against DAP or the Opposition when they are wrong. Do not be afraid of legal suits. After all, freedom of speech and freedom of media is what we are all calling for, right? Let Guan Eng continue suing for defamation. At least citizens can see how big a hypocrite he is when he urges free press but sues when the press is indeed free.



Thursday, June 25, 2015

Confessions of an Economic Hit Man.

SHARING: Full Audiobook

Published on 3 Feb 2015 

In this shocking memoir, Confessions of an Economic Hit Man, John Perkins tells of his own inner journey from willing servant of empire to impassioned advocate for the rights of oppressed people. Covertly recruited by the United States National Security Agency and on the payroll of an international consulting firm, he traveled the world—to Indonesia, Panama, Ecuador, Colombia, Saudi Arabia, Iran and other strategically important countries. His job was to implement policies that promoted the interests of the U.S. corporatocracy (a coalition of government, banks, and corporations) while professing to alleviate poverty—policies that alienated many nations and ultimately led to September 11 and growing anti-Americanism. Within a few weeks of its release , Confessions of an Economic Hit Man landed onThe New York Times Bestseller List, then 19 other bestseller lists including the Los Angeles Times, San Francisco Chronicle, USA Today, Wall Street Journal, and Washington Post.

TPPA is just the latest Corporatocracy initiative?


Tuesday, June 23, 2015

11 AKTIVIS ANTIKERAJAN BN PERAK DIBEBAS


Perak Sultan Sultan Nazrin Shah telah memberi pengampunan diraja ke atas 11 aktivis yang telah dihukum penjara kerana membantah peralihan kuasa di negeri itu pada tahun 2009.


Perkara itu diumumkan oleh Nashita Md Noor, isteri Bad Latif Mansor yang merupakan antara aktivis yang dihukum penjara.


"Saya bagi pihak ahli keluarga OKZ11 (11 'orang kena zalim') yang masih terpenjara di balik tembok besi Penjara Tapah (ketika ini) ingin mengumumkan bahawa kesemua mereka telah mendapat pengampunan dari Sultan Perak dan Lembaga Pengampunan Perak.


"Peruntukan Pengampunan sempena Ramadhan dan Aidilfitri," katanya dalam satu catatan di Facebook awal pagi ini.



Beliau berkata permohonan untuk pengampunan diraja itu dibuat oleh para isteri aktivis yang dihukum penjara itu.



Nashita berkata arahan untuk membebaskan 11 aktivis berkenaan telah pun disampaikan kepada pihak penjara Tapah.



Bagaimanapun, katanya, mereka masih menunggu panggilan dari pihak pencara mengenai perkara itu.



"Kemungkinan mereka akan dibebaskan lewat petang nanti," katanya. 



~dipetik dari Kedahkini



Saturday, June 13, 2015

Media antarabangsa dakwa Ku Li bakal ganti Najib




PETALING JAYA: Ahli Parlimen Gua Musang, Tengku Razaleigh Hamzah bakal menggantikan Datuk Seri Najib Tun Razak sebagai Perdana Malaysia Ketujuh.

Razaleigh atau Ku Li, 78, dilaporkan akan mengetuai kerajaan perpaduan kerana Barisan Nasional (BN) sudah hampir lumpuh disebabkan skandal 1MDB, sebagai jalan kepada kemelut politik negara.



Menurut laporan Asia Sentinel, satu pertemuan telah diadakan di kediaman Ku Li pada 11 Jun lalu yang diketuai Tun Daim Zainuddin, rakan baik Tun Dr Mahathir Mohamad.


Laporan itu mendakwa, Daim telah diberi tugasan memujuk Ku Li menerima tanggung jawab itu.

Perjumpaan kedua akan diadakan pada minggu ini dan diikuti dengan undi tidak percaya terhadap Najib di Parlimen, tulis laporan itu yang memetik sumber.

Laporan itu menyebut, Tan Sri Muhyiddin Yassin pula akan menggantikan Najib sebagai Presiden UMNO bagi memperkukuhkan parti yang terjejas teruk akibat skandal 1MDB.



“Razaleigh akan diterima semua. Sebelum ini beliau akan keberatan kerana menjaga isterinya yang sakit. Kematian isteri beliau baru-baru ini membolehkannya memberi tumpuan sepenuhnya kepada negara,” tulis laporan itu lagi.



Portal berita yang berpangkalan di Hong Kong itu mendakwa, Ku Li, Ahli Parlimen UMNO paling lama, telah lama menjadi pilihan menggantikan Najib tetapi tidak mendapat sokongan sepenuhnya ahli parti.



Bagaimanapun, berdasarkan situasi politik tidak menentu yang turut menjejaskan ekonomi negara, pemimpin UMNO akan menerima Ku Li.



Menurut laporan 12 Jun itu, kejatuhan nilai ringgit telah merisaukan pelabur asing ditambah pula skandal 1MDB telah mendorong pemimpin UMNO berbelah bahagi untuk terus menyokong Najib.



Mereka bimbang ketidak tentuan politik dalaman akan menyebabkan UMNO dan BN kalah pada pilihan raya akan datang.

asal disini >>> | 
  | June 13, 2015






Wednesday, June 3, 2015

‘Syura Council has final say on Pakatan Rakyat ties’

Soalan pokok : Dapat Agihkan Pitih (DAP) ko set mano?

>>>>>>>>>>news in full <<<<<<<<<<<<<

GOMBAK, June 3 , 2015: Original here  

PAS through its Syura Council has the power to change the concept of Pakatan Rakyat’s political pact it has with DAP and PKR.

Its spiritual leader Datuk Dr Haron Din said PAS’ position in the political pact was not a decision which could not be changed.

He explained that the pact could be cancelled if any party went against the Syura Council guidelines.

“Nabi Muhammad himself had rejected a political pact. These pacts sometimes are needed and at other times not needed, at times they may be fleeting and at times not required.

“This pact requirement is not absolute or forever. It depends on the situation,” he said in his speech at the official opening of the 54th ulama assembly here today.

The political pact was based on six guidelines made by the Syura Council before PAS was allowed to form a political coalition with DAP and PKR.

He said PAS’ partners must respect the guidelines as Pakatan Rakyat is a coalition and its not for the other parties to try and control PAS.

Haron said the alliance was forged on the basis of upholding Islam and Islamic laws, including hudud, which was being championed by the party.

“There cannot be any blind obedience to the political pact.”

At the same function, the head of the party’s ulama wing Datuk Mahfodz Mohamad also touched on the political pact by mulling that the coalition could be terminated if the crisis between PAS, DAP and PKR deepened.




Tuesday, May 19, 2015

MAHATHIR meletakkan asas bagi 1MDB


Sejarah 1MDB bermula sebagai 'Wang Ehsan' pada tahun 2000 di bawah Dr Mahathir, kemudian berubah menjadi TIA pada tahun 2008 di bawah Pak Lah dan berubah lagi jadi 1MDB pada Januari 2009, tiga bulan sebelum Najib mengambil alih sebagai Perdana Menteri.

NO Holds Barred | Raja Petra Kamarudin [ Asal Petikan ]

< Laporan - Bekas Menteri Besar Terengganu, Datuk Seri Ahmad Said berkata...

Semuanya bermula seperti ini.

Pada 29 November 1999, pihak pembangkang Barisan Alternatif mengambil alih negeri Terengganu dan pada hari berikutnya ia membentuk kerajaan negeri yang baru dengan Tok Guru Abdul Hadi Awang PAS dilantik sebagai Menteri Besar baru bagi menggantikan Wan Mokhtar Ahmad dari Umno.

Jadi pembangkang ketika itu menguasai kedua-dua negeri, Terengganu dan Kelantan, yang dimenangi sembilan tahun lebih awal - pada tahun 1990 secara 'usahasama' dengan Semangat 46, Tengku Razaleigh Hamzah. 

Apa yang menarik tentang Terengganu - hanya mempunyai lapan kerusi Parlimen (dengan demikian tidak benar-benar menyumbang banyak dalam membantu pembangkang ke Putrajaya), walaupun begitu Terengganu mempunyai RM1 bilion setahun royalti minyak dan RM1 bilion ini akan dapat membantu membiayai Barisan Alternatif memenangi beberapa negeri lain pada pilihan raya umum akan datang pada tahun 2004.

Dengan RM1 bilion setahun atau RM5 bilion dalam tempoh lima tahun, memungkinkan Barisan Nasional dan UMNO boleh menjadi sejarah dalam PRU tahun 2004.

Tetapi Dr Mahathir lebih bijak daripada itu. Dia tahu denagn RM5 bilion di tangan, apa pembangkang boleh lakukan. Jadi dia hentikan pembayaran RM1 bilion setahun untuk negeri ini.

Kerajaan Terengganu menjerit bahawa pada tahun 1976 Petronas telah menandatangani Perjanjian dengan Terengganu, dan berdasarkan Perjanjian 1976 ini dan Akta Pembangunan Petroleum 1974, Petronas mempunyai obligasi undang-undang untuk membayar royalti 5% kepadaTerengganu, yang berjumlah RM1 bilion setahun.

Tetapi anda tahu bagi Dr Mahathir. Perjanjian, Kontrak dan Akta Parlimen tidak akan dibenarkan nya menghalang apa yang dia mahu lakukan. Terengganu bawa kes itu ke mahkamah tetapi Dr Mahathir tahu dia dah lama mati dan tiada, sebelum apa-apa berlaku.

Dr Mahathir kemudian melantik Idris Jusoh sebagai semacam Menteri Besar 'bayang-bayang' Terengganu tetapi berpangkalan di Jabatan Perdana Menteri di Putrajaya. Idris Jusoh mengendalikan royalti minyak yang telah dinamakan semula sebagai 'Wang Ehsan' dan dikawal oleh Jabatan Perdana Menteri.

RM1 bilion setahun itu, tidak diberikan kepada kerajaan negeri Terengganu pimpinan PAS. Sebaliknya, sebuah kerajaan selari ditubuhkan yang memintas kerajaan rasmi negeri Terengganu yang dipilih secara sah dan kerajaan 'bayangan' atau kerajaan selari ini yang menguruskan wang itu.

Terengganu telah jadi kebuluran wang. Semua yang ia ada hanya RM300 juta setahun hasil kayu dan lain-lain cukai. Tetapi belanja RM600 juta setahun diperlukan untuk mentadbir negeri ini. RM600 juta setahun ini, hanya kos operasi untuk mentadbir negeri ini. Itu tidak termasuk kos pembangunan. Jika kerajaan benar-benar tidak lakukan apa-apa langsung, tidak menampal lubang-lubang di jalan raya, mereka masih memerlukan RM600 juta setahun dan yang ada hanyalah RM300 juta, terutamanya daripada kayu. Royalti minyak RM1 bilion setahun kini hilang.

Terdapat dua cara Terengganu boleh uruskan defisit RM300 juta ini. Pertama, ia boleh mengurangkan kos operasinya. Jadi lebih masa diharamkan. Perjalanan luar dilarang. Apabila kakitangan awam bersara mereka tidak diganti supaya mereka boleh membekukan pengambilan kakitangan awam yang baru. Dan banyak lagi yang boleh dikatakan lumpuhkan negeri ini.

Kedua, Terengganu boleh tingkatkan pengeluaran kayu balak dengan membuka lebih banyak hutan simpan untuk dapatkan lebih hasil dari balak. Walaupun tindakan ini akan mewujudkan masalah alam sekitar, mungkin lebih besar dan kerap banjir, tetapi Terengganu perlu mencari wang tambahan, kerana RM1 bilion itu dalam tangan Idris Jusoh dan Jabatan Perda Menteri.

Penjawat awam jadi dukacita benar kerana Terengganu telah merosot dan tidak kedepan. Sokongan yang bersemangat kakitangan awam memberi kepada PAS pada tahun 1999 terhakis dan mereka mengambil keputusan untuk kembalikan negeri itu kepada Umno. Jadi, pada tahun 2004, negeri Terengganu jatuh ke Umno.

Idris Jusoh, Menteri Besar 'bayang-bayang' Terengganu dari bulan November 1999 hingga Mac 2004, telah dilantik sebagai Menteri Besar baru Terengganu menggantikan Hadi. Pada masa itu, sudah tentu, Perdana Menteri Tun Abdullah Ahmad Badawi aka Pak Lah telah mengambil alih dari Dr Mahathir - hanya empat bulan sebelum itu.

UMNO telah berjanji jika dapat semula Terengganu, kerajaan pusat akan mengembalikan royalti 5% itu atau RM1 bilion setahun. Pada bulan Mac 2004 Umno dapat semula Terengganu. Walaupun begitu, pengembalian semula royalti minyak tidak di buat, Pak Lah membuat keputusan untuk membentuk satu 'jawatankuasa pengurusan baru' di bawah Jabatan Perdana Menteri seperti apa PM dahulu lakukan, lima tahun sebelum itu.

Jawatankuasa baru ini diketuai oleh menantu Perdana Menteri, Khairy Jamaluddin, Wan Ahmad Farid Wan Salleh, dan Patrick Lim aka Patrick Badawi. Jawatankuasa ini menentukan bagaimana RM1 bilion setahun itu, akan dibelanjakan.

Jadi mereka mula mencipta projek-projek yang menelan belanja RM1 bilion setahun seperti pembinaan lebih banyak masjid, termasuk Masjid Kristal yang sangat mewah, perlumbaan bot Piala Monsun tahunan, Istana baru bagi Terengganu Sultan yang menelan kos lebih RM1 bilion, dan sebagainya.

Menyimpang sedikit untuk buat cerita lebih panjang, pada tahun pertama mereka mengadakan Piala Monsun - Monsun tidak datang. Terengganu kering seperti tulang. Ini buatkan mereka panik kerana bagaimana anda boleh adakan perlumbaan bot Piala Monsun tanpa monsun? Itu akan menjadikan nya seperti mengadakan pertandingan ski di Bukit Besar tanpa sebarang salji.

Jadi negeri Terengganu mengupah sepasukan bomoh hujan dan mereka jampi, tiba-tiba hujan lebat datang mencurahkan. Hujan begitu dan tidak berhenti, hujan yang bukan sahaja menyebabkan Terengganu banjir tetapi banjir melimpah ke jiran nya, Kelantan juga. Jadi Kelantan terpaksa menganjurkan Pesta Air atau festival air supaya rakyat dapat bersuka ria, menikmati banjir.

Pada tahun 2008, Malaysia hadapi satu lagi pilihan raya umum dan pada masa itu kira-kira RM10 bilion telah lesap ke dalam longkang. Umno, sekali lagi, memenangi pilihan raya umum 2008. Tetapi DYMM Sultan Terengganu begitu dukacita benar, kerana RM10 bilion wang negeri itu telah hilang lesap dan baginda dia tidak mahu Idris Jusoh sebagai Menteri Besar lagi.

Penyokong Idris Jusoh amat marah dan mereka anjurkan protes anti-Sultan dengan placard menggelar Sultan 'natang' (Binatang). Bagaimanapun, Sultan berkeras dan enggan berundur, dengan itu Ahmad Said mengambil alih sebagai Menteri Besar yang baru.

Ketika inilah TIA ditubuhkan. Pada dasarnya TIA akan menguruskan RM1 bilion royalti minyak tahunan tetapi dengan cara yang lebih formal daripada bagaimana RM10 bilion sebelum ini telah diuruskan. Walau bagaimanapun, walaupun sebelum TIA ditubuhkan wang royalti RM10 bilion telah hilang.

Sekarang, sebagai Ahmad Said memberitahu Dewan Undangan Negeri Terengganu semalam, TIA berubah menjadi 1MDB tahun berikutnya, sebelum Najib mengambil alih sebagai Perdana Menteri.

Dan itu adalah sejarah 1MDB yang bermula sebagai 'Wang Ehsan' pada tahun 2000 di bawah Dr Mahathir dan kemudian berubah menjadi TIA pada tahun 2008 di bawah Pak Lah dan kemudian berubah menjadi 1MDB pada Januari 2009, tiga bulan sebelum Najib mengambil alih sebagai Perdana Menteri.


< di alih bahasa sepenuhnya, oleh admin dengan bantuan goole translate, Inggeris
asal  disini >


Sunday, May 17, 2015

Apa yang di temui di Facebook, (siapa tahu) adakah betul?


Wednesday, May 13, 2015

1MDB Mess Clouds Petronas $7 Billion Debt Proposal

(Bloomberg :) -- Malaysia’s national oil company Petroliam Nasional Bhd is paying for troubles at a state investment fund.

The yield premium on Petronas’s 2022 U.S. dollar-denominated debt over Treasuries has surged 54 basis points in the last six months after the government said it wasn’t liable for 1Malaysia Development Bhd’s debt and the fund missed a loan payment. That was unfortunate timing for Petronas, which is planning its first dollar bond in five years to raise as much as $7 billion, according to people familiar with the matter.
The cost of insuring Malaysian sovereign debt reached a 16-month high on Jan. 13, one week after local media reported 1MDB’s missed payment, and is up 27 basis points since Dec. 31. Fitch Ratings said last month it may downgrade Asia’s only net crude exporter, citing plunging oil prices and “uncertainty” surrounding finances of the investment fund, whose advisory board is headed by Prime Minister Najib Razak.
“The 1MDB mess is being factored into the spreads for Malaysia and there aren’t that many bonds in which you can express that view,” said Dilip Parameswaran, the Hong Kong-based head of independent advisory firm Asia Investment Advisors Ltd. “That, mixed with lower oil prices and a potential downgrade of the sovereign, are all weighing on Petronas.”

Eating Revenue

Petronas’s sale of dollar-denominated Islamic bonds may become its biggest such offer to date. It’s working with Bank of America Corp., CIMB Group Holdings Bhd. and Deutsche Bank AG to lead the offering, said the people familiar, who asked not to be identified because the details are confidential.
The last time Petronas sold dollar notes was in August 2009, when it issued $4.5 billion of bonds. Fitch gives Petronas an A rating with a negative outlook, one level higher than Malaysia’s A- grade. Earlier this week, Malaysia named Wan Zulkiflee Wan Ariffin, a company veteran, to lead the oil producer, handing him the job of dealing with the slump in crude prices that’s eating into government revenue.
Natural gas futures dropped to $2.58 per million British thermal units on Feb. 6, the lowest since 2012, while the price of Brent futures is down 46 percent since June. Petronas derived 21 percent of its revenue from gas and an equal amount from crude, with petroleum products being the biggest contributor to its top line, according to its 2013 annual results.
“There has been some noise around the 1MDB situation and there are talks about what happens to the dividend now,” said Vikas Halan, the Moody’s Investors Service analyst in Singapore who follows the company. “And in addition to oil prices, liquid natural gas is down too.”

Oil Money

About 30 percent of the government’s 225 billion ringgit ($63 billion) revenue in 2014 was oil related, including a 29 billion ringgit dividend from Petronas, according to the finance ministry. Petronas reported 119.4 billion ringgit of cash at the end of the third quarter, compared with 78 billion ringgit of total debt maturing within one year.
“They have a very careful financial management,” said Halan. “Capital expenditures have already been cut to protect their credit profile.”
A spokesperson for Petronas didn’t reply to an e-mail or answer a phone call seeking comment on Thursday, and a spokesperson for 1MDB declined to comment.

Big Royalties

1MDB has its origins in Terengganu Investment Authority, which was created in 2009 to invest oil royalties from the state of Terengganu. When Najib became prime minister that year, it was renamed 1MDB, became a national entity and its funding source became government-backed debt instead of oil income.
In response to questions from opposition lawmakers, the government said Oct. 29 that it wasn’t liable for 1MDB’s debts if the company went bankrupt. The premium over U.S. Treasuries paid by 1MDB bonds due 2023 climbed 47 basis points over the following seven trading days.
The investment fund failed to repay a 2 billion ringgit loan due in December, Edge Financial Daily reported Jan. 6. The spread on the 2023 notes soared 115 basis points in two days to 417 basis points. It had widened to a record 430 basis points on Feb. 12.
1MDB plans to settle the loan by the end of Friday local time with money from billionaire T. Ananda Krishnan, who has agreed to a deal with the company, according to two people familiar with the matter.
“It would be very difficult for the sovereign to walk away from paying if 1MDB were to face issues,” Sagarika Chandra, a Hong Kong-based Fitch analyst said by phone Feb. 12.
The spreads on Petronas’s 2022 notes jumped 15 basis points over the eight business days after Fitch said on Jan. 21 that 1MDB’s financial position “has become a source of uncertainty.” Fitch also reiterated its concerns about Malaysia’s budget due to dependence on petroleum-linked revenue.
“The issues we identified when we put Malaysia on a negative outlook in July 2013 are still playing out,” said Chandra. “We expect to complete our review of Malaysia’s rating by the end of May.”


Tuesday, May 12, 2015

Lest we forget series : Past Scandals – The Maminco-Makuwasa Affair


Estimated losses: RM 1.6 Billion


Malaysia used to be the world’s leading tin producer accounting for 31% of the world’s output. It was a major contributor to the country’s economy providing employment for more than 40,000 people.

In 1985 the world tin market crashed with the price plunging by 50%. Many tin mines in Malaysia had to close as it was no longer economical to operate the tin mines. One of the factors that contributed to the collapse of the tin market is the ill-fated attempt by the Malaysian government to corner the tin market and to prop up the tin price.



This is the Maminco scandal that is usually found at the top of the lists of scandals and bail-outs plaguing Malaysia since Mahathir became the PM. This is probably because it was the earliest scandal occurring immediately after Mahathir became the PM in 1981. Although not the largest loss in terms of value, it still caused a loss estimated to be RM1.6 billion or more.


In this crooked scheme, a RM2 company Maminco Sdn. Bhd. was set up and was used to secretly buy tin future contracts and physical tin in order to push up prices on the London Metal Exchange. To finance its covert activities, Maminco obtained financing from Bank Bumiputra – naturally. At one point, this RM2 company was borrowing astronomical amounts from the bank – as much as RM1.5 billion.

Initially, they succeeded in pushing up the tin price artifically. But the higher prices stimulated increased tin production and resulted in the US releasing its strategic stockpile. The tin price could not be maintained at the artificially high level for long and eventually it collapsed.



Undertaking this Maminco scheme is already bad enough. But instead of admitting their mistake, Mahathir and his merry band cooked up another scheme to hide the losses incurred by Maminco from the Malaysian public. Another RM2 company called Makuwasa was set up.



The idea was new shares reserved for bumiputras allocated to EPF were diverted to Makuwasa at par value! Can you believe this? These cheaply acquired shares could then be sold for a profit at market price! Instant profits made by Makuwasa can then be used to cover the Maminco’s losses. Effectively, Makuwasa is used to raid the savings of Malaysians to help pay for Maminco’s losses!



In 1986 Mahathir publicly admitted that Makuwasa was created to recoup the government’s losses from the Maminco debacle and to repay its loans to Bank Bumiputra.




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