Archive for May 30th, 2015
Malaysians should seriously consider the possibility of a new political configuration to “Save Malaysia” which is post-BN and post-PR, based on principles and national interests and not opportunism or self-interests
Posted by Kit in nation building, Pakatan Rakyat, Politics on Saturday, 30 May 2015
More than two months ago have passed since I first broached the idea of a new political alignment in the country to form a new coalition Federal Government which is post-BN and post-PR with a new Prime Minister to “Save Malaysia” to resolve the debilitating multiple political, economic, educational, social and nation-building crisis plaguing the country.
Since mid-March, the crisis in both political coalitions, UMNO/Barisan Nasional and Pakatan Rakyat have worsened with no light at the end of the tunnel.
The war between the Prime Minister, Datuk Seri Najib Razak and the former longest-serving Prime Minister, Tun Mahathir, whether directly or through proxies, has reached a new pitch.
Today, I read of a new NGO threatening to sue Mahathir for RM100 billion losses as a result of the numerous financial scandals during Mahathir’s 22-year premiership from 1981 to 2003. Read the rest of this entry »
As Save 1MDB Roadmap is in fact Save Najib Roadmap, did Najib excuse and absent himself from yesterday’s Cabinet decision on the 1MDB Roadmap because of personal conflicts of interest?
Posted by Kit in Financial Scandals, Najib Razak on Saturday, 30 May 2015
On Thursday, the second Finance Minister, Datuk Seri Husni Hanadzlah said he would table a roadmap for 1Malaysia Development Bhd (1MDB) to the Cabinet on Friday to strengthen and solve the problems plaguing 1MDB and that the roadmap would be made public after it is tabled in the Cabinet.
The Save 1MDB Roadmap has not been made public after the Cabinet meeting as promised, only the announcement by Husni that 1MDB will receive US$1 billion (RM3.67 billion) from Abu Dhabi’s International Petroleum Investment Company (IPIC) to repay a US$975 million loan maturing in August but which a consortium of German lenders is seeking an early settlement due to a breach of covenant in the loan agreement by 1MDB.
But the Malaysian public have not been told what 1MDB’s USD$1 billion Abu Dhabi lifelife would cost Malaysia as everybody should know of the truism that there is no free lunch in the world.
Malaysians have also not been informed of the other details of the agreement with International Petroleum Investment Company (IPIC) and its Aabar Investments unit, which are said to include “further measures to comprehensively address the various financial asset and liability transactions between the parties” or aspects of the rationalisation plan of 1MDB.
Have these details of the Save 1MDB Roadmap been presented to the Cabinet yesterday or were the Cabinet Ministers as usual asked to give a blank cheque approval for the Save 1MDB Roadmap without any details to allow the Ministers to discuss and decide on the viability and sustainability of the of the Roadmap and whether to approve the conditions to save 1MDB – even though the Ministers will have to be collectively responsible for the Save 1MDB Roadmap?
Are the Ministers in the same position as members of the Malaysian public, or to use the words of UMNO Vice President and Minister for Rural and Regional Development, Datuk Seri Mohd Shafie Apdal on Wednesday, that the Ministers were just as unclear as the public over the 1MDB’s opaque deals? Read the rest of this entry »
Najib’s choice is clear when he had to choose between holding support of BN’s 48 MPs in Sarawak and Sabah or wooing PAS’ 21 MPs
Posted by Kit in Mahathir, Najib Razak, Pakatan Rakyat on Saturday, 30 May 2015
The Prime Minister, Datuk Seri Najib Razak is fighting for his political life, with the former longest-serving Prime Minister, Tun Dr. Mahathir leading the charge in the campaign for Najib to step down as Prime Minister to save UMNO and Barisan Nasional (BN) from defeat in the next general elections.
Lines are being drawn in Najib’s titanic life-and-death battle as the sixth Prime Minister and UMNO President, but there is no reason for Pakatan Rakyat to take sides whether to throw Najib a life-line or to support Mahathir’s campaign to save UMNO/BN as Pakatan Rakyat’s objective must surely, firmly and unswervingly remain on the larger objective to save Malaysia and Malaysians and not to save any one political party or even one person!
This is UMNO/BN’s weakest moment in the federal government coalition’s history. In fact, the UMNO/BN had already lost majority support of the Malaysian voters in the recent 13th general elections as it is Pakatan Rakyat and not Barisan Nasional which had secured the majority support of the electorate in the national polls two years ago and the Malaysian Prime Minister of the day should have been Datuk Seri Anwar Ibrahim and not Datuk Seri Najib Razak.
Unfortunately, Pakatan Rakyat is itself at its weakest in its 7-year history, and it is unable to take advantage, let alone full advantage, of the turmoils in UMNO/BN. Read the rest of this entry »
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