New Finance Minister Lim Guan Eng would do well to remember he is no longer an opposition politician, as while his vocal tell-all approach on the 1MDB scandal certainly wins points for honesty, it is having the opposite effect on investors…
Instead, the writer said it only risked leaving investors with an “uncertain fiscal outlook”.
“Investors are uneasy about things getting out of hand. Already, foreigners have sold out on the nation’s stocks for 13 consecutive days.
“For Lim to declare in his first press conference that government debt has exceeded one trillion ringgit ($251 billion) because of a sly public bailout of 1MDB gets him full marks for honesty, but not for tact.
Mukherjee’s opinion also ran in line with that of Najib, who warned his successor that revealing the nation’s debt level at RM1 trillion without providing adequate details would only alarm the credit rating agencies and investors’ confidence.
Meanwhile, Arul Kanda today said he is mulling legal action against Lim, as the former felt the claims made against him by Lim were unfair and did not accurately represent his answers to the ministry.
To suggest that it is better for the Finance Minister to continue to lie ‘tactfully’, in order to gull investors is preposterous.
The run on stocks came after investors realised they had put money into Malaysia based on lies by the previous Prime Minister cum Finance Minister and an administration that failed to stand up to his autocratic power. Some have been panicking to hear that Malaysia’s economic position is not the rosy picture that Najib had deceitfully pretended it was.
More fool them. Wiser investors had already seen through the blatant dishonesty, which was the reason why the ringgit plunged in 2015 after the 1MDB scandal. The recent partial recovery owed to currency manipulation and false assurances by Najib.
What sort of foundation is deceit towards building future prosperity and why should this new government continue with the cover-ups and thereby inherit the blame for Najib’s excesses?
As the new Finance Minister and his team set proper standards of openess and honest management in Malaysia, confidence and investors should soon come back. Thanks to Najib’s legacy the transition may be tough in the immediate future, but the smart money ought to return soon enough.
The fundamentals for the future are being laid to bring long-term confidence back to Malaysia and that has to start with a frank assessment, followed by steps to ensure efficient and transparent governance (see, for example, the minister’s home state of Penang). That is what investors like to deal with, not lies.
As for Arul Kanda, nothing would amuse Malaysians more than to see him attempt to sue the Finance Minister for suggesting he has been telling lies.
The “mistake” of not speaking the truth in order to protect former Umno president Najib Abdul Razak is one he will have to live with for the rest of his life, said party Youth leader Khairy Jamaluddin.
In an interview with Channel News Asia, the Rembau MP said he wished that he had told Najib that the grassroots had rejected Umno, after former deputy president Muhyiddin Yassin and vice-president Mohd Shafie Apdal, were “purged” from the party.
“We didn’t want to bell the cat. Nobody, after Muhyiddin was purged, after Shafie was purged… Nobody wanted to acknowledge we have a problem. That was a terrible mistake on our part….
“This must not happen again, we must not ever allow our leaders in Umno to be detached from reality and not ask tough questions. If we continue with our feudal mindset of protecting the leader from the truth, Umno will go extinct,” he was quoted saying
Failure to stand up to Najib was not a ‘mistake’ it was a moral failure.
Khairy Jamaluddin and everyone in UMNO knew that Najib was criminally responsible over 1MDB, just the tip of the iceberg in a series of horrible crimes that Malaysia will now have to endure revelations about in detail.
This rogue leader and his wife were poised to take the country into the depths of dark tyranny in the course of their many cover-ups. And yet the only people who could place a check on them, Khairy and his colleagues from UMNO, not only failed to act, they cheered the monsters on and facilitated the near destruction of a democracy.
Only thanks to the courage of Malaysia’s rag-tag opposition of brave individuals, who put aside their many differences for the greater good, and to the people who swarmed to support their sacrifice has the country been saved.
Making a mistake is one thing. Failing to do what you know to be right and condoning shocking evil is another.
What is fake news and what is not will be clearly defined, says Prime Minister Dr Mahathir Mohamad.
He said the new government will not restrict on the press regardless of their leanings, but warned that any efforts to instigate the people will not be tolerated.
“Fake news laws will be given clear definitions so that news companies know what is fake news and what is not fake news.
“Even though we support freedom of the press and free speech, but there are limits. If they purposely try to create chaos, they will have to face action under specific laws.”
However, he said the government would not restrict any factual reports.
“If the press writes (factual) reports, even if makes the government uncomfortable, they are free to do so, we will not take action,” Mahathir said in a special televised address on RTM today.
Dr M will remember how the authorities accused him of lying over his slashed plane tyres just a week ago. They called it Fake News.
‘Facts’ in the world of science are usually established through being tried and tested. Even so, matters regarded as fact for decades can later be discovered to be false, usually thanks to dissenters who eventually proved their point. The context of human discourse is far more complex and changing still. You cannot create a scientific ‘definition’ to govern such things and human society needs those dissenters to be able to voice their position.
There are already huge disincentives facing journalists and public persons when it comes to deliberately or mistakenly disseminating false information. Firstly, a reputation once lost is hard to regain. Secondly, there are paths to sue within a civil context. That is enough.
Leaders ought not to fear a false bogeyman – the idea that some unknown person could suddenly spout nonsense that would have hoards running onto the streets. For every purveryor of false information there is the check of a trusted voice of good sense to counter-balance the impulses of the people in these situations.
Only one phenomenon breaks that rule, which is the development of cults – mostly extremist versions of established religions. Cults can stir up dangerous actions by the indoctrinated followers, fed daily on false information. Hence, bombs on the streets of Europe and elsewhere.
However, there is terror legislation for these matters and dangerous preachers are a very different target to journalists and ought to be handled separately.
Journalists and citizens must be allowed speak freely and even be allowed to get it wrong, if they can show their intentions were to inform about something they genuinely had good reason to believe and are willing to correct and amend if found mistaken (as opposed to intended and malicious lies). These are the principles that have now evolved after much pain and argument in most modern democracies and Malaysia would do well to join them.
After all, the alternative is far worse. It gives power to people like Najib to tell people like Dr M that they are lying over slashed tyres, 1MDB and all the rest.
SR rests its case.
Two hundred and sixty five settlers from Felda Palong Timur Dua and Felda Palong Timur Tiga will be receiving replanting incentives of RM4,000 each starting today.
This was announced by Segamat incumbent Dr S Subramaniam last night.
Subramaniam, who is also the health minister, said the announcement was made after receiving approval for the incentive from Prime Minister Najib Razak.
Subramaniam said he contacted the prime minister himself on the approval of incentive payments for the Felda settlers who had been waiting for four years.
“The prime minister gave his approval to resolve the matter and payment will start from tomorrow,” he said at a Felda carnival in Gugusan Palong Timur yesterday.
He said the payment would be completed before polling day on May 9, and expressed hope that the incentive payment would help lighten the burden of settlers
Are FELDA folk willing to be played with like this?
They have to wait four years, only to finally get their RM4k on the day before the election – and are told to gratefully vote for the man who in 2012 told them he would make them millionaires.
Do they remember Najib’s promise to make them ‘stock market millionaires’?
That dream was to persuade them to surrender their birthright and their childrens’ inheritance in return for a one time payment that was a fraction of what their lands were worth.
Najib’s people soon made sure that all the money raised from the FELDA sell-offs had disappeared in ‘foreign investments’, meaning that its stock market value as crashed and those shares owned by the ‘millionaire’ settlers are now worth a fraction of what they were.
FELDA folk have no need to thank Najib with their votes!
Pakatan Harapan’s (PH) Klang candidate Charles Santiago today raised concerns over nearly 1,000 phantom voters in the constituency, including 500 new voters whom he said had been transferred in from as far as Melaka, Perak and Sabah….
In a statement, he said PH had identified the following trends in Klang: multiple voters at the same address, houses which were too small to accommodate the number of people registered there as voters, and houses and roads that appeared to be nonexistent.
He gave the example of 27 people purportedly registered at 26, Jalan 5, Kampung Idaman; 26 people registered at 21, Jalan 8A; and 25 people registered at 6, Jalan 1.
Another 10 voters were supposedly registered at 28, Jalan 79 within a span of six months.
“There does not appear to be a No 26, Jalan 6 as all the houses are odd-numbered,” he said. “There does not appear to be a Jalan 8 in Pandamaran Jaya.”
Santiago said these houses appeared to be concentrated around the Klang constituency, which had become a marginal seat following the Election Commission’s (EC) redrawing of electoral boundaries.
In the 2013 general election, he said, the opposition had highlighted the case of 34 Indian and Malay voters apparently registered to a Chinese home at 994, Jalan Papan. Until now, though, no action had been taken.
“On top and above this, there are 495 voters whose IC numbers are in the Sabah Project IC Royal Commission of Inquiry list, who are also in the Klang voter roll.”
Santiago urged the EC to bear full responsibility in the matter and called on the people of Klang to come out in full force and vote on May 9.
This is the kind of incremental cheating that the Election Cheats have been tasked by the Big Nabbers to draw up.
Together with the myriad of other measures that have one objective in common – cheating.
The likes of Nur Jaslan will say that these small percentages don’t matter. However, as the results in 2013 show, this is how BN have got used to winning. Dozens of the crucial seats that gained the Big Nabbers their majority only scraped through with tiny margins, achieved by all these ‘little’ cheats.
The scale of the challenge has been far greater in 2018 and so the desperate measures have been even more jaw dropping. A RM4k bribe to all FELDA farmers at the last minute?!
If necessary false Form 14s with made up figures will provide the Election Cheats with their ultimate weapon if all else fails, they hope.
To prevent any reporting or complaints about such matters, the delightful Azalina has already announced she is preparing a strengthening of her ‘Fake News Laws’, which will presumably dictate immediate imprisonment for those who quarrel with the Election Cheats.
Then she and the equally delicious Rosmah Mansor and the gushing Sharizat will all be able to sit down together and count their amazing winnings. Maybe a jumbo jet to Vegas might be in keeping?
Malaysia faces the prospect of permanent rule by those Three W’s, if the Election Cheats can get their way.
Caretaker Prime Minister Datuk Seri Najib Abdul Razak announced several “gifts” for the people of Sungai Siput if BN wins the parliament seat, which has been held by the opposition for two terms……..
“A total of 500 units of houses under the People’s Housing Project (PPR) will also be built,” he said in his speech at the Hebatkan Negaraku gathering, here today…..
“I will be announcing the other gifts after after May 9,” he told the crowd.
“We will together make changes to Sungai Siput, we need the power of politics and Putrajaya must belong to BN.
“Perak must belong to BN and this will bring our strength, Sungai Siput has been neglected … what has the MP done,” he added…
“The government wants to help the poor … rich people like Mokhzani (Tan Sri Mokhzani Mahathir), he is already rich, he has sport cars and a private jet. What do you have?
“Only the BN government can help you … it is not an insult to the poor.
“We assist the poor so that they can be successful,” he added.
There he goes again, reminding the world what a crook he is.
Najib has bribed and cheated so long that he has no shame left. He just hawks on the hustings, asking audiences to name their price.
But after 60 years of this man and his party the poor people he feigns to care about it must have got the message surely?
Promises are cheap to make and Najib won’t be hanging around to make sure BN keeps these any more than all the others. He has no intention of fighting any more elections, so he doesn’t care if folk feel cheated.
He even thinks he can get away with the hypocrisy of accusing others of being rich, whilst his wife drowns in stolen diamonds and billions of stolen cash has been splurged on jets, yachts, casinos, movies, fireworks and champagne.
He has not a shred of moral authority, so he should quit preaching, just stick to hawking and see where that gets him.
Pakatan Harapan chairperson Dr Mahathir Mohamad should stop “slandering” PAS and reveal his coalition’s source of funding, the party said today.
Deputy president Tuan Ibrahim Tuan Man said that he is baffled by Harapan’s approach to campaigning for the 14th general election, by claiming that PAS is being paid by Umno to defeat the coalition.
“Is this because he (Mahathir) feels that the anticipated ‘Malay tsunami’ is moving towards PAS, which is corruption-free?
“The claim (that Umno gave PAS money) is a shallow one that has no other intention than to confuse and ‘steal’ the rakyat’s votes using dirty tactics,” he said in a statement.
According to Tuan Ibrahim, Mahathir cannot accept PAS as the party has been graft-free since he was the prime minister, and because the component parties in the coalition he currently leads are also “embroiled in corruption.”
“It is unfortunate that the rakyat has to put up with this disgusting, uncivilised political culture.
“What lesson is Harapan trying to teach the rakyat?” he asked.
Instead of continuing his “slanderous” comments against PAS, Tuan Ibrahim said, Mahathir should instead answer the question put forth by PAS president Abdul Hadi Awang about Harapan’s own source of funding.
“Where is Harapan getting the funds for the general election from? Where does Mahathir get the money from, to fly here and there, on private jets? Who is funding him?
“If he is a friend of Mahathir, who is he? Please reveal the person, instead of just slandering PAS,” said Tuan Ibrahim.
What the Deputy President of PAS is saying is perfectly logical. Sarawak Report has long argued in favour of transparency in terms of political funding in Malaysia, which is the democratic norm.
He has laid down a great challenge to Harapan.
But, how come PAS itself has failed totally to ask its own acknowledged potential ‘coalition partner’ BN to reveal the identity of the so-called ‘Arab Royal’, who put over a billion dollars into the private account of Najib Razak?
Equally, and far more pertinently, how come PAS has itself refused to give the name of the ‘individual’ whom it has now been forced to admit walked into a KL branch of Islamic Bank on 21st March and put RM2.5 million in cash (from a suitcase) into the party’s election accounts?
Sarawak Report is therefore left utterly ‘baffled’ by the double standards of these preachers from PAS.
Perhaps PAS could work harder to explain why they think that what should apply to others ought not apply to them?
Caretaker deputy prime minister Ahmad Zahid Hamidi has offered a RM25 million allocation for the Sungai Petani parliamentary and three state constituencies if the Barisan Nasional (BN) wins all the seats in the 14th general election (GE14).
He said from the amount RM10 million would be specially allocated to the Sungai Petani parliamentary constituency for the construction of a 2,000-capacity hall and sports complex.
He said the Pantai Merdeka, Bakar Arang and Sidam state constituencies would be given RM5 million each.
“I feel sorry for the Sungai Petani voters for having to endure the heat under this tent. With an air-conditioned hall we won’t have to suffer like this.
SR feels sorry for Sungai Petani voters if they believe they will get the sports hall if BN wins. Forget it.
Sarawak is criss crossed with non-existent roads promised before elections, along with non-existent schools and hospitals.
If Zahid cared about a sports hall for these folk, his party has had 60 years to build it. Harapan is more likely to show gratitude than this bunch of self-entitled thieves, who are willing to do or say anything so they can get back into power and make themselves richer still – like the life-long politician Zahid, who brags how he has simultaneously become rich through business.
It seems an aside to add that it is illegal to offer election bribes of this nature. When the election is over the truth is there will be no money to spend on luxuries for ordinary folk. It has all been squandered on Najib’s corruption and it is they who will have to pay the price.
Police personnel have the right to cast their ballots for the party of their choice, said inspector-general of police Mohamad Fuzi Harun.
He also assured that their votes would be secret.
“We do not determine which party they can vote for. All votes are secret and this is definitely something we practise within the force
“They (the personnel) will decide, it is their right to vote for the party they choose,” he was quoted as saying by the Star Online.
Fuzi revealed that the police have 111,702 early voters, with 5,660 at the federal headquarters of Bukit Aman, and 106,042 in the respective states nationwide.
In places like Sabah (location of the ‘Integrated Medical City’ that never was) sums of RM2,000 are apparently being handed out to voters by BN. We all know what the condition on the money is.
Evidence shows that this is money stolen from the public. It comes from the pensions that people will be expecting when they retire, except they will later find the money has all gone and they and their children will have been betrayed by a kleptocrat who has lost control, like a mad gambler in the casino, who just wants to ‘win’.
Najib is buying voters with their own money. They should take the money but heed what the heads of the navy and now police have now told their officers, which is they can vote how they like and be reassured no one will ever know.
If the police can vote for the opposition they can hardly arrest anyone who broke BN’s dirty promise in return for money rightfully theirs in the first place.
Wanita Umno chief Shahrizat Abdul Jalil today urged former Umno leaders to show gratitude to the party instead of attacking the current crop of leaders.
Without naming anyone, Shahrizat told a BN gathering in Marang, Terengganu, today that the “pensioners” who are now joining forces with the opposition did not have the interest of the party at heart.
“Why are they trying to rob BN of its power and overthrow the government?
“Astaghfirullahalhazim. Is the government of today that bad? Is anyone starving to death? Is there anyone without a future? That is the question,” she said.
In recent weeks, Shahrizat’s predecessor Rafidah Aziz has been routinely criticising Umno leader Najib Abdul Razak.
Since Monday, former finance minister Daim Zainuddin has also been participating in Pakatan Harapan ceramah functions, openly urging the public to vote against BN.
Shahrizat for one is clearly not starving; she plainly feeds lots.
But, it is interesting that she considers lack of starvation to death as a reasonable benchmark for BN to take pride in after six decades with their hands on the tiller (or more accurately, in the till).
Health, a home, education, jobs, human rights are plainly icing on the cake for lowly voters in Shahrizat’s frankly bovine mind.
Even so, the awful truth is that in many places in Malaysia people are in fact starving. Most particularly in the indigenous regions of Borneo, where people who once lived off the jungle have been left surving on rations after her party has helped plunder from the riches of their lands and made itself rich in the process.
Frequently even these rations have been raided by middlemen.
As Shahrizat steps across from her fancy election platform to her air-conditioned car and then on to her fancy houses, moaning about being “robbed of power”, why should she remember victims like these?
Onn May 9th others ought make sure to remind her – Moooo!