Archive for September 24th, 2015

What happened in the Cabinet yesterday?

What happened in the Cabinet yesterday?

Firstly, was yesterday’s Cabinet chaired by the Prime Minister, Datuk Seri Najib Razak or had the Prime Minister already secretly left abroad for his overseas trip as suggested by some media?

Secondly, did the Cabinet discuss the highly-charged racist and incendiary Sept. 16 Red Shirts Perhimpunan Maruah Melayu rally in Kuala Lumpur, now admitted by the MARA Chairman, Tan Sri Annuar Musa as the handiwork of UMNO, whose divisions throughout the country bused the some 45,000 people who were at the rally, and paid them with pocket monies and gave them the Red T-shirts?

Did any Minister raise at the Cabinet meeting the subject that the Prime Minister and the Cabinet should make a fulsome apology for their failure of leadership and responsibility in allowing the racially-charged and provocative Red Shirts Malay rally to be held which desecrated Malaysia Day on 16th September and undermined racial harmony, social peace and national unity?

Did any Minister suggest that the Cabinet should take pro-active steps to initiate a series of remedial measures akin to the formation of the National Goodwill Committee after the May 13 riots in 1969 (this time under the leadership of former Minister Tan Sri Rafidah Aziz) to repair the damage done to racial harmony, social peace and national unity?

Did any Minister referred to the Suhakam finding and the statement by the Suhakam Chairman Tan Sri Hasmy Agam who said the commission was “perturbed” by the “irresponsible and confrontational actions of several participants for inciting lawless and disorderly behaviour by flaunting racially-charged placards and for uttering slogans that promoted racial or religious hatred in our multi-religious and secular society”, and stressed that “such behaviour cannot be condoned and must be appropriately dealt with”? Read the rest of this entry »


Do Malaysia, South Africa Deserve Junk? Moody’s Model Says Yes

by Lyubov Pronina
September 24, 2015

Six developing nations including Malaysia and South Africa deserve to follow Brazil into junk status, if credit-default-swaps traders are to be believed.

Two weeks after the Latin American country’s credit rating was lowered, CDS investors are punishing other emerging markets facing similar challenges, sending their implied sovereign ratings at least five levels below their official grades, according to data from Moody’s Corp.

Malaysia is A3 at the company, though traders see it six levels lower at Ba3. South Africa, which is a Baa2, is viewed as a B1 borrower. Three Aa3 nations including China are perceived by the markets as deserving the lowest investment grade. Read the rest of this entry »

No Comments

Pakatan Harapan’s Challenge – Turn the crisis-ridden Malaysia into an opportunity to initiate fundamental political and socio-economic changes to transform Malaysia into a vibrant, progressive and forward-looking nation instead of heading in the direction of a failed state

Something has gone very wrong with Malaysia.

How did a country which was hailed as a model of Asian development and set to be one of the “Tiger” economies in the early nineties had so lost its way that it is today battling with a surfeit of negative developments and running the serious risk of becoming the “sick man of ASEAN” en route to become a failed state?

Three events illustrate that this Malaysian disease is reaching a terminal stage.

Firstly, there was yesterday’s charge of artist Bilqis Hijjas for dropping yellow balloons with the words “Justice”, “Democracy” and “Free Media” onto an event attended by the Prime Minister, Datuk Seri Najib Razak and his wife.

This is a reflection of a government which is petty-minded and insular instead of being visionary and inclusive.

Why can’t Najib be charitable and big-hearted enough to laugh off the incident and forgive Bilqis, instead of being vengeful and vindictive, demanding his pound of flesh for Bilqis’ creative and patriotic infraction?

Better still, if Najib could have met up with Bilqis and assure her that he is as concerned as her and others with the goals of justice, democracy and free media! Read the rest of this entry »