Archive for November 4th, 2015

Why Malaysia may have hit bottom

Leslie Shaffer
4th November 2015

Malaysia’s hard-hit stock market is getting a less-than-ringing endorsement with one of the world’s leading lenders telling investors that things aren’t likely to get any worse.

“There have been numerous globally attention-grabbing headlines on Malaysia this year, which we believe have increased political uncertainty and risk in investing in Malaysia,” analysts at Deutsche Bank said in a note Monday.

“However, going forward, we do not expect this to increase.” Read the rest of this entry »


Pondering Our Fate – Imagining Otherwise

M. Bakri Musa
4th November 2015

It is human nature that when things go well we pay little attention to them; we take them in stride as if they are meant to be, the natural consequences. When we assume such an attitude, we miss some significant learning opportunities. We can learn so much more from our success than we could ever from our failures. For that to happen however, we first must recognize our successes. Contrary to common belief, this can sometimes be no easy task.

One way would be to undertake a mental exercise, to imagine if things had taken a different path. What if Malays had not embraced Islam but fought and rejected it? Likewise, what would be our fate had we enthusiastically embraced the Europeans and adopted their ways? As for our pursuit of independence, imagine had we bowed to the wishes our sultans and their British “advisers” and accepted our fate to be under permanent British domination, as the Malayan Union Treaty would have it? Lastly, assume we had let those rabble rousers be our leaders fighting for our independence, and they took to fighting the British literally and seriously.

In all of these instances there are ready examples of societies and cultures that had indeed chosen precisely those paths that I just outlined, and we can readily see the consequences today of their collective decisions then. Read the rest of this entry »

1 Comment

If Arul Kanda cannot testify before the PAC investigations on 1MDB, will Najib appear before PAC to testify on 1MDB’s behalf as everybody knows that an investigation into 1MDB is in fact an investigation into Najib?

Yesterday was a double whammy for the long, difficult and windy mission to establish accountability and transparency for the 1MDB and RM2.6 billion “donation” twin mega-scandals afflicting the country.

There was firstly the morning episode where Parliament was reduced to a theatre of the absurd – with Parliament Speaker Tan Sri Pandikar Amin Mulia ruling that DAP PJ Utara Member of Parliament Tony Pua should either resign from the Public Accounts Committee or abstain from the committee’s probe on 1MDB if he wants to debate with 1MDB CEO, Arul Kanda and that Arul can no longer be a witness in the PAC probe if the debate goes on.

The Speaker’s ruling was quickly followed up with the announcement by the PAC Chairman Datuk Hasan Arifin’s ruling that Pua must cease and desist from making any statements on 1MDB, whether in Parliament or outside!

It is no surprise that the following comment was one of the public reactions to all these parliamentary calisthenics over the 1MDB and RM2.6 billion “donation” twin mega-scandals:

“I was wondering why Arul was so quick to drop his condition. Now I know. He has someone else to impose the condition for him.” Read the rest of this entry »