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Kedai Rakyat 1Malaysia: substance over form Posted: 23 Jun 2011 02:04 PM PDT   Part of politics is about creating the right impression (for oneself and for one's enemy). Self advocate is necessary to let people know that you are doing your job well. However focusing too much on impressions can lead to substance over form. The current prime minister has taken a different path from the previous ones in that he is quick to make announcements pertaining to private sector investment decisions, a smart move I would say, to create an impression amongst the more media savvy Malaysians that he is an "investment-generating prime minister". ----------------------------------------------------------- By Razak Ahmad PUTRAJAYA, Malaysia, Jan 11 (Reuters) - Oil giants Exxon Mobil and Royal Dutch Shell Plc (RDSa.L) will invest 15 billion ringgit ($4.9 billion) in new oil, gas and energy assets in Malaysia, the government said on Tuesday, in a move that could help the Southeast Asian country reverse a decline in output. Pime Minister Najib Razak who announced the projects said the investments were in line with the introduction of tax breaks in November to develop new oil and gas resources and enhance recovery from ageing fields. The planned investments by the oil companies are part of the Malaysian government's initiative to attract $444 billion in investments by 2020 to drive economic growth. Of the total, Exxon will spend 10 billion ringgit while Shell Plc will invest 5.1 billion ringgit to upgrade and build energy facilities, the authorities said, although Shell said some of its investments had already been announced. ----------------------------------------------------------------- Meow, you remind me of someone lah..... In the 1990's when Malaysian economy was attracting many investors due to our novelty as an investment destination and absence of competitors like China, Vietnam and Cambodia for low cost manufacturing destination, I do not recall Dr Mahathir rushing to the podium and said so and so invested how much for such as such project. Is there a peri bahasa sounding like "bertelor sebijih riuh sekampung"? In fact, such stance give me the impression that only one man can generate business opportunities in Malaysia and the business community are not empowered enough to create opportunity and value on their own. Did you ever see Clinton, Bush or Obama announcing planned investment projects in Silicon value or Sunshine Industrial Park, Arizona? While we are in the midst of over exposure to and frankly abuse of 1Malaysia brand, it is worth recalling the much touted, all-encompassing, tear-jerking and hope-giving Wawasan 2020 slogan which Mahathir used to garner support, only later to be replaced by Idris Jala's "we will be bankrupt by 2019" and Mahathir's endorsement of Perkasa. By next decade, I won't be surprise of this 1Malaysia thingy has the same fate as Wawasan 2020 today. Read more at: http://wangsamajuformalaysia.blogspot.com/2011/06/kedai-rakyat-1malaysia-substance-over.html

Surprise? What Surprise? Posted: 23 Jun 2011 11:53 AM PDT Onlookers would have been surprised if he had announced his resignation, the honourable course of action, given official investigations now underway into his corruption and abuse of power.  However, few will have been surprised by his string of denials! The actual nature of his 'categorical' denials were in fact rather confusing, however.  What exactly was he denying when he said: "Let me state categorically that I have no secret Swiss bank account, nor assets or investments of any description. None whatsoever".Taib in the DUN today. By this was the Chief Minister denying that he has no bank accounts, assets or investments of any description at all anywhere?  Or just in Switzerland?  And was he referring to right now at this moment, or is he alleging that he has never, ever had money in Switzerland at any time?  The Chief Minister spent a lot of energy in denial.  For example, he even attempted to cast doubt on the actual letters sent by the Swiss President and the Swiss Financial Regulatory body, FINMA, confirming their investigations.  Nice try, but the letters and the investigations are genuine.   READ MORE HERE.

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