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Malaysia Today - Your Source of Independent News

Is Kit Siang senile too, Tony Pua (Part 2)
The Rise and Rapid Fall of Suaram’s Cynthia Gabriel
World Bank’s Report on Malaysian Minimum Wages
Budget 2013: Both Pakatan and Barisan Should Focus on Job Creation
Why MCA is more Multiracial than DAP?
Exposed! Soros RM120m for regime change devils

Is Kit Siang senile too, Tony Pua (Part 2)

Posted: 11 Oct 2012 04:18 PM PDT

It does not matter that he is the Division Head for Tasek Gelugor. He is bad news and should not be a winnable candidate of BN. After all, he got that post by dishonouring a gentleman's agreement with Dato Sharif Omar who gave way the MP seat for him.

However, Nor Mohamed, the Minister today is not the same person as Nor Mohamed the Foreign Exchange Trader.

He may have made a loss that deserve a place in the Guiness Book of Worlds Record and any book on financial scandals, but he was a dedicated man, works hard and smart, and honourable. How he plays poker then was a reflection of him as a gentleman.

Why didn't Anwar also be accountable for the loss and resign?

In 1994, Nor Mohamed and his then boss, BNM Governor the late Tan Sri Jaafar Hussein were gentlemen enough to accept responsibility for making that mother of all losses in the spot currency market.

The market practitioner then justify such activities as taking an active reserve management over a passive reserve management. Before BNM, it was the Russian that steamroll against any market trend.

The person responsible to monitor this activity was the then Finance Minister, Dato Seri Anwar Ibrahim. He gets various reports on reserve, activities and development of program regularly. Lim Kit Siang identified Anwar as also responsible for the loss from putting together his official statements. [Read previous posting here.]

Anwar should resign for his negligence. Why didn't he resign?

Why didn't Kit Siang kept demanding on him till today?

Perhaps he is too old and senile to remember he said those words, and to repeat and make ruckus over the same issue. Or perhaps he conveniently senile at the right time and political opportunity.

Anwar always main belakang dan refuse responsibility

When Wong Choon Mei's Malaysia Chronicle reported an attempt to deviate responsibility from Anwar to Tun Dr Mahathir, that is wrong. Right is right even if it involves Nor Mohamed. The then Nor Mohamed, I mean.

The except of the report here, below:

Opposition Leader Anwar Ibrahim dropped a bombshell on Monday revealing that the central Bank Negara not only lost RM30 billion trading in the currency markets but that it was former premier Mahathir Mohamad who had ordered him not to punish Nor Mohamed Yakcop, who was then in charge of the bank's treasury.

Anwar's revelation bolsters the view that Mahathir had knowledge of and even encouraged Nor to gamble in the global markets, racking up enormous losses that made Malaysia vulnerable to the sharp slowdown of the mid 1990s.

"Dr Mahathir ordered, 'don't touch him (Nor)'. The prime minister at the time did not agree with taking action because he said, 'If we make profits, you praise him (Nor), when we make losses, you want to torture him'," Anwar told a press conference in Parliament today.

Nor Mohamed had indeed shocked the international markets with his huge deals and buy-sell orders in the 1990s. In his book Malaysian Maverick, author Barry Wain had also written that Mahathir knew of and encouraged Nor to speculate.

Nor Mohamad has never pointed the finger at Mahathir or implicated the older man. However, the fact that Mahathir has consistently refused to punish Nor has stirred suspicion.

He even promoted Nor to Special Economic Adviser and gave him a key role to play in Malaysia's controversial implementation of currency control measures during the 1997-98 Asian financial crisis.

Tun Dr Mahathir did not bother to reply or is delaying in order to give a snap back at Tony Pua first for calling him senile. There is an answer to it without him having to say anything.

Posted: 11 Oct 2012 01:25 PM PDT

After all, at the height of the Scorpene saga it was suggested mysteriously that Prime Minister Datuk Seri Najib Razak was set to be whisked off to France to testify at a trial. If he didn't go, said Suaram's media friends, our trade with the European Union would suffer. It was total fiction but for Suaram and Pakatan Rakyat they were happy days as the story dominated the media. They went on with their spin and stories.

Except as we now know, there is not and never has been any trial.

A visiting French lawyer Yves Charpenel, who also happens to be a former French prosecutor, torpedoed that story in a five minute press conference in Kuala Lumpur this week.

This has left Suaram reeling. Far more than the revelations about the web of foreign interests that funds this politicised and Pakatan-backed "human rights" group, the "no trial" revelation harmed Suaram because it struck at the heart of its integrity.

Gabriel knew this when she shuffled forward to face the music Wednesday. Asked why her organisation let everyone believe that the Scorpene submarine deal was the subject of a trial in France she answered weakly: "Suaram has no control on how (the) media are reporting this matter."

But as The Choice has reminded her, this isn't actually true. At any time Suaram could have corrected the false story doing the rounds but chose not to do so. Nor did it suit its friends in Pakatan Rakyat and the phalanx of foreign interests happy to see cleverly crafted untruths undermine our political independence.

Now that Gabriel has suffered such a painful come down her opponents are on the attack.

Without naming Suaram, Independent MP Datuk Seri Zahrain Mohamed Hashim told the Dewan Rakyat: "The people were hoodwinked by these group of people who collected donations from the public for the so-called trial."

"I believe the government has a solid ground take up a defamation suit against the perpetrators."

He also proposed a law to "monitor the activities of suspected foreign agents who interfere in the internal affairs of the country". Again, he didn't name anyone but he might as well have been carrying a photo of Suaram donor George Soros.

But another press briefing in KL definitely did name Suaram accusing it of the "biggest lie in the country's political history."

Young Journalists Club President Dzulkarnain Taib produced a court document from France showing that French judges Roger Le Loire and Serge Tournaire rejected Suaram as a plaintiff in the case on March 13 this year.

"This means that the case by Suaram in relation to Scorpene has been thrown out by the French court since March 2012," he said.

This will further embarrass Gabriel personally because in her defence of Suaram this week she said: "There is no confusion on our part that the case is on the second stage, at the criminal inquiry process when Suaram is accepted as a civil party in March this year."

Posted: 10 Oct 2012 02:22 PM PDT

I am encouraged to do so by Kota Belud MP Abdul Rahman Dahlan, who on twitter claimed that he had "checked wt Ministry of Human Resources thru @PKamalanathan. WorldBank report on min wage is not classified as u alleged!"

Pakatan Rakyat had repeatedly called on the Government to release the World Bank report but to no avail.

The World Bank document shows that the impact of a minimum wage, whether it is at RM900 or RM1,100, on most sectors is minimal, except in the low-end manufacturing (Pg.12), which the Government should assist through other means such as facilitation to move from labour intensive to technology and skills intensive operations.

The Report also shows that the implementation of a minimum wage has very little impact on the decision of investors as labour cost is but a small fraction of total investment. "Location-specific characteristics such as infrastructure and the regulatory environment are the main drivers of FDI (Pg. 13)," according to the report.

Posted: 09 Oct 2012 04:03 PM PDT

At present, more than 30% of graduates are unemployed due to several reasons. Prospective employers opine that our local graduates lacked the necessary communication skills and English language proficiency. Some blame the attitude and excessive remuneration demand.

Whatever the reasons, there are several issues which must be addressed before the subsidy pie grows bigger in the near future.

The Economist reported that the global economy would have to create 600 million jobs over the next 8 years. A number of developed economies such as Japan, South Korea and China are facing acute competition for jobs even though their respective economy is still growing.

Malaysia's problem is no different. We are not creating enough jobs at the top of the value chain to accommodate enough knowledge workers. The presence of more than 2 million low skilled migrant workers is a serious symptom of a lack of will to enhance quality and adopt value added processes.

The economy must start looking at the possibility of hiring local workers to fill their manpower need. The government should focus on providing assistance and incentive to companies hiring more local workers instead of being overly dependent on cheap foreign labour. With Indonesia's economy growing, there is going to be a shortage of workers in the construction and plantations sectors. We need to prepare for the eventuality. The government needs to find out why locals shunned working in these sectors. Retail and F&B are also increasingly dependent on foreign workers.

According to the report, the "job engines" of the past two centuries were usually new technologies, such as the steam engine, electricity, new seed varieties, or new types of manufacturing. Growth was also driven by more trade, easier transport, instant communications, and better rule of law.

What's Malaysia new "job engines"? Apart from the costly LRT extension, what else has been planned to provide affordable and efficient public transport to the people?

Malaysia's export oriented economy is also facing immediate risk next year from the slowdown in our traditional export markets : US and Europe. Hence, less jobs are going to be created in the next year or so. What is the government going to do to ensure that the economy continue to create jobs?

READ MORE HERE

Why MCA is more Multiracial than DAP?

Posted: 09 Oct 2012 03:38 PM PDT

1. I am sure most Malaysian are aware that DAP is not truly a multiracial political party as they self proclaim themselves to be because they will only be contesting in all Chinese Majority Area Seats.

2. Even MCA as the only official Chinese Political Party in Malaysia do contest in other mix seats area where even during Mac 2008 Tsunami more than half of the seats they won is a area where they ( MCA ) are contesting against other races .

3. As for DAP most of the seats that they won and easily more than 90% are actually seats where they won through contesting against a Chinese candidate .

4. The only difference that differentiate MCA and DAP in terms of Chinese based political party will be that MCA membership only caters to Chinese Citizenship of Malaysia where on the other hand DAP open their membership to all the other races in Malaysia. Even that more than 90% of the members in DAP is Malaysian Chinese Citizenship.

5. The people support towards a political party will be an indication of how multiracial a political will be. If MCA is truly a racist Chinese political party then they wont be winning their total entire seats where half of it they won it through defeating other races in the General Election comparing to DAP where 90% of the entire seats that they won is through defeating a Chinese candidate in the election.

6. That indicates that MCA is more acceptable among other races like the Malays and Indians Malaysian if were to compare to DAP.

Read more at: http://1sya.com/?p=2454

Exposed! Soros RM120m for regime change devils

Posted: 07 Oct 2012 12:17 PM PDT

You know, of course, that Manchester United is an NGO, a non-governmental organisation?

Did you know that Manchester United is registered as a company?

Did you know that it has received billions in foreign funds?

Did you know that George Soros personally funded a RM120mil investment in this NGO, company and club?

That's how seriously he takes this business of regime change.

You should show more concern. The devil himself aka George has been behind your devilry on football nights. (Or you could tell your wife "Soros made me do it".)

No less than Mahathir Mohd Mudahlupa and the Malaysian government say so. Mahathir, of course, is always right and the Malaysian government never wrong. Don't you know that Mahathir can foretell the future with uncanny accuracy? And if the future gives him the devil's own time, it's always because of George Soros.

Feeling poorly? Take two scandals and blame George

George Soros is also the man who, they say, single-handedly toppled half a dozen countries around the world, almost all located somewhere around North Africa.

Soros must have done all this, you know?

They say he installed puppet regimes in all those countries, too.

Stop it fools: you're just puppets of Soros

Man Utd a serious player in regime change

The latest news about Man Utd shows you the depths of this man's wickedness. He will stop at nothing to get his way.

Many regimes toppled by Man Utd

Manchester United are serious players in the regime change business. They have been relentless. One after another, regimes have fallen at their feet: among these the Chelsea regime of a Russian; the Arsenal regime of a Frenchman; and the Liverpool regimes of a Scotsman and an Italian. All foreigners, you see.

Puppet regimes installed by Man Utd

Man Utd, just like Soros, are also reputed to have installed their own puppet regimes, headed by shadowy creatures with names such as Mark Halsey, Howard Webb and Mike Riley.

Reds gunning for Light Blues

Now the devils have a new target: they aim to topple the regime of the Light Blues at the other end of town. This is really serious. (That's why they call it the Premier league, see?)

No wonder George Soros pumped in US$40mil (RM122mil) in August. It looks like he's taking a little flutter on the Reds to topple the regime of the Light Blues.

Kredit: www.malaysia-today.net

Jumaat, 12 Oktober 2012