Thank God, Pakatan did not win GE13

Pakatan-Montaj-FlagSource: The Malaysian Insider

Technically, Pakatan Rakyat (PR) did win the popular vote. But the fact remains that they did not form the federal government and that might be a blessing in disguise.

On May 5, 2013 (505), like many Malaysians, I wished there can be a change for a better Malaysia. “Ubah!” and “Ini, kali lah!” were the battle cries.

Mega-rallies were held across major cities. 84.84% of eligible voters showed up, the highest in the history of Malaysian general elections.

My friends and I gathered at our little home overseas and stayed up all night to follow the results. Alas, when Sabah (PR won 12% of the seats) and Sarawak (19%) were tallied, we knew it was over.

Fast forward today, with heavy heart, I have to say that the 505 disappointment is probably atoned by the dismal state of PR. I suspect even some PR supporters and politicians secretly agree about this.

Let’s take a step back and rewind. Remember when MH370 and MH17 were lost? It is a big tragedy for our nation and we were at the centre of global attention.

I was anxious that our politicians, who have the habit of poor word choice and saying the wrong things to the media, would embarrass us on the international stage.

The handling of MH370 was poor and we, and I mean, we (the country, not just the government), rightly received backlash from international reporters.

But, I have to say that the response to MH17 is much better. Datuk Seri Hishammuddin Hussein held daily press conferences, even after the limelight was gone.

By Malaysian standard, his conduct is professional and his English is good enough. Then, there’s that impressive negotiation brokered by Datuk Seri Najib Razak. At that particular junction and time, I was proud that he is our prime minister.

If you find the above statements nauseating, you can stop reading and go straight to the comment section. If your pro-PR blood is not boiling yet, read on.

Our leaders represent us on the global stage, and I shivered at the thoughts of having some leaders saying to the international press that the tragedy is God’s will, or that the planes were missing because Malaysia Airlines stewardesses were wearing skirts and serving alcohol.

Do you realise how badly that would make us look? Stop for a second and imagine. Done? No, please really think about it because that is what’s at stake every time we choose our representatives. Continue reading

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Get Malaysia Insider! Stop The Lies!

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Malaysian Insider continue to Spin and Lie! Don’t go overboard!

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Rafizi expose, but uses Google images and photos from international web sites?

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Proof of Lim Guan Eng Supporting Hudud with PAS in 2013!

Here’s the evidence that DAP Lim Guan Eng agreed with PAS’ hudud which he signed in an agreement with Hadi Awang of PAS. See statement by Hadi in 2013.

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Fitch: 1MDB Unlikely to Destabilise Malaysian Banking System

ssFitch RatingsSingapore, 18 March 2015: Malaysia’s banking system exposure to the troubled government development fund 1MDB is a manageable risk, says Fitch Ratings. The nation’s banks have reasonably prudent lending practices that ought to limit the potential impact of a default by any single borrower.

There is uncertainty about the level of 1MDB’s debt, while market estimates of an upper limit of around RM42bn (or just over USD11bn) appears manageable when compared with the size of the banking system. Some of the exposure could be sensitive to currency risk, although these estimates represent approximately 20% of system equity or 3% of loans. This forms an upper limit for the banks’ exposure based on the estimates, since not all of 1MDB’s debt is held by the domestic banks.

Actual direct risk to the banking system would be even lower, given that some of the exposure is either guaranteed by the Malaysia sovereign or collateralised in some way.

Adequate capitalisation and healthy profitability mean Malaysian banks are currently well-positioned to absorb a significant increase in credit costs; their risk management policies ?including rules set by the central bank that limit lenders’ exposure to any one entity ? should be sufficiently robust to contain the fallout from a large but isolated default.

The issues at the highly indebted IMDB are idiosyncratic and not indicative of broader systemic risk, but its troubles add to the more challenging Malaysian operating environment in the near term. The build-up of household debt in the last few years may become a bigger medium-term challenge for the system if real credit growth is not contained and if economic volatility intensifies.

Recent commodity and financial market volatility has caused greater uncertainty over the nation’s economic outlook, and the gloom was cited as a reason for the cessation of merger discussions between CIMB Group, RHB Capital and MBSB in January.

We believe that these risks should be manageable for the system without a prolonged economic downturn or significantly higher unemployment, as the government has attempted to address some of these issues with macro-prudential measures and tightened regulations in the past few years.

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Do You Trust this Ungrateful Man?

Lapiji says Govt Unfair ..Bankrupt and Kejam ..

  • 5 years full residential school govt scholarship. 9 years full overseas govt scholarship.
  • Then work 6 1/2 years for govt.
  • Retire from govt service aged 32. Total assets RM 2 million with RM 1.34 million in cash.
  • Hilltop 1,400 sf condo, Honda Accord, Honda CRV and another unspecified Honda.
  • Total loans however is RM 300 k.
  • I estimate during the 6 1/2 years work, he also accumulated EPF of between RM 600 k to RM 1 million now.
  • Working for Petronas. Last drawn pay was RM 30 k+.

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Salleh: UMNO will Fall – by Mahathir’s doing

mahathirSource: Free Malaysia Today

Sabah speaker apes Chedet blog, says former premier will weaken the party and worsen the situation

Sabah speaker Salleh Keruak, in a blog article that parodies the writing style of Mahathir Mohamad, has turned the tables on the former prime minister by warning that it is Mahathir who will weaken Umno and Barisan Nasional and cause it to fall.

Salleh aped Mahathir’s format of point-by-point numbered paragraphs, Mahathir’s one-word headlines, as well as the short, staccato sentences that the former premier uses.

He also repeated Mahathir’s constant warnings that Umno and Barisan Nasional were in danger of losing the general election — but this time, it was Salleh who is warning party members, and it is Dr Mahathir, not current Umno president Najib Razak, who is being blamed as the cause of Umno’s weakness.

To make the point clear, Salleh said Mahathir had a hidden agenda in attacking 1Malaysia Development Bhd for its financial difficulties.

And he warned Umno members not to be trapped by one side’s views.

Salleh wrote:

5. Tun M has even predicted that BN will lose the upcoming GE if the issue (of 1Malaysia Development Bhd’s financial difficulties) is not resolved. Therefore, the support shown for the president of UMNO by the divisional leaders is meaningless if BN fails.

6. In my opinion, Tun M’s blog entry seems to have a hidden agenda. The purpose is to topple Najib and his strategy is to keep up the pressure on the PM.

7. After reading Tun M’s blog, I feel that Umno is the one that stands to lose from all this. I say this because of the waning support for Umno which will worsen the situation. BN and Umno will become weak and this in turn will make the government unstable.

8. Therefore, members of BN and Umno should be more open-minded and not blindly accept any views. It should be analysed, filtered and compared to that of others.”

Salleh then makes clear where he stands. Under the headline “Tun M”, he reiterates Najib Razak’s warnings in Kedah on Saturday about trouble-makers in the party and the need to be rid of them. Continue reading

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