Archive for August 12th, 2015
Malaysian PM’s moral authority is slowly bleeding to death
Posted by Kit in Najib Razak on Wednesday, 12 August 2015
By Mahmood Hasan
The Daily Star
Asia News Network
Dhaka August 12, 2015 1:00 am
After a month of extraordinary revelations, Political survival is now the No 1 priority for Najib
Malaysian Prime Minister Najib Razak is facing an uncertain future amid allegations of his involvement in a huge financial scam. In early July, the Wall Street Journal reported that $700 million was transferred through a complex web of transactions to Najib’s bank accounts in Kuala Lumpur in 2013. Graphic details of the flow of millions of ringgit through banks, companies and government agencies linked to 1Malaysia Development Berhad (1MDB), into Najib’s private account also came to light.
Neither the source of the money nor its final destination is clear. Handsome amounts from Najib’s accounts went to the ruling Barisan Nasional (BN) coalition component parties. Apparently, the funds were used for the election campaign in 2013.
1MDB is a Malaysian government-owned development company. It was established in January 2009, to drive initiatives for long-term economic development through international partnerships and promoting foreign direct investment (FDI) focused on energy, real estate, tourism and agribusiness. Najib chairs the advisory board of 1MDB.
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Can Cabinet answer whether 1MDB debts are now RM42 billion or over RM50 billion as stated by Muhyiddin before he was sacked as DPM?
Posted by Kit in Financial Scandals, Muhyiddin Yassin, Najib Razak, UMNO on Wednesday, 12 August 2015
The 1MDB Cabinet reshuffled by the Prime Minister, Datuk Seri Najib Razak on July 28 should come clean on the 1MDB scandal, starting by explaining to Malaysians whether 1MDB debts are not just RM42 million, which is an outdated figure, but have mushroomed to be more than RM50 billion as stated by Tan Sri Muhyiddin Yassin in his speech at the UMNO Cheras AGM on July 26, two days before he was summarily sacked as Deputy Prime Minister by Najib for “disloyalty” to him.
Is Najib and the Cabinet going to wait for several months before admitting to the truth, as in the case of the RM2.6 billion deposited into Najib’s personal accounts in AmBank in March 2013 before the 13th General Elections, where for some five weeks, Najib refused to give a simple “Yes” or “No” to the question whether RM2.6 billion had been deposited into his personal accounts.
Now UMNO Ministers and leaders are competing with each other as to who could produce the most outrageous justifications to justify the RM2.6 billion deposit into Najib’s personal accounts!
If what Muhyiddin said before he was sacked as DPM that the 1MBD debts have mushroomed to over RM50 billion is untrue, then there should be a simple and prompt correction from the Ministerial team of “spin doctors” to defend Najib’s integrity and reputation! Just come out and say “No”!
If what Muhyiddin said is true, why can’t the 1MDB Cabinet confirm it? Read the rest of this entry »
Malaysia’s Stunning Street Art: The Coolest Murals and Where to Find Them
Yahoo Travel Explorers
August 10, 2015
By David Hogan/Malaysia Asia
In recent years, street art in Malaysia has picked up quite a bit, and you’ll now find murals and paintings by both local and international artists.
While this form of art has been alive and well in many other areas of the world for decades, the movement in Malaysia really got rolling in 2012, when Ernest Zacharevic created six murals for Penang’s George Town Culture festival. The paintings were so popular that the BBC even called him the Banksy of Malaysia. Today, there are many cities around the country following in Penang’s footsteps, calling on locals of all ages to add new life to their walls. For visitors, that means it’s easy to find these open-air museums; since they are usually located in high tourist areas, you barely have to look around. But you do need to know which towns and cities to start in. Here are some of my favorites:
Penang
Penang artist Ernest Zacharevic has been called the Banksy of Malaysia. (Photo: Ernest Zacharevic)
Cabinet should convene a National “Save Malaysia” Summit before or on Merdeka Day involving all political parties and NGOs to form a national consensus on a blueprint to save Malaysia from becoming a rogue and failed state
Posted by Kit in Anwar Ibrahim, Mahathir, Malaysian Dream, Muhyiddin Yassin, Najib Razak, Razaleigh Hamzah on Wednesday, 12 August 2015
Open Letter to Cabinet by DAP Parliamentary Leader and MP for Gelang Patah Lim Kit Siang on Wednesday, August 12, 2015:
To the Prime Minister, Deputy Prime Minister and Cabinet Ministers.
I will not beat about the bush and get to the point straightaway for this Open Letter for your Cabinet meeting today.
Never before has Malaysia been faced with such a grave national crisis as today, with a minority Prime Minister helming the most fractured government ever – as evident from the ‘Nine Days of Madness in Putrajaya” when there was a confrontation between the Police and the Malaysian Anti-Corruption Commission (MACC), compelling the latter to hold a solat hajat to seek divine intervention to match the force and might of the police – and a full-blown economic crisis illustrated by foreign-exchange reserves dropping below US$100 billion for the first time since 2010, the rapid and unchecked deterioration of the Malaysian ringgit, the plunge in the stock exchange index and the exit of foreign capital.
Malaysia’s ringgit has fallen the most in the past seven weeks, retreating for a fifth day of losses to 3.9605 dollar , the lowest level since August 1998, and is down almost 20 percent in the past 12 months. Read the rest of this entry »
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