Archive for February 10th, 2016
Thanks to Apandi, Najib will be attending US-ASEAN Summit in California with two dubious credentials – not only political leader who with largest RM2.6 billion “donation”, but whose government is tightening the screws on OSA
Posted by Kit in Corruption, Najib Razak on Wednesday, 10 February 2016
Thanks to Attorney-General Tan Sri Mohamad Apandi, the Prime Minister, Datuk Seri Najib Razak would be attending the US-ASEAN Summit with United States President Obama in Sunnylands, California next week (15-16 Feb) with two, and not just one, dubious credentials – not only as the political leader in ASEAN and the world with the largest RM2.6 billion “donation” in his personal banking accounts, but also the leader of a government which is tightening to screws on the Official Secrets Act (OSA) to stop all leaks of official information on corruption, fraud, negligence or abuses of power in government.
In fact, Najib might be very bad influence at the US-ASEAN Summit and international conferences, for some might be tempted to think that if Najib could get away with the RM2.6 billion “donation” scandal in his personal banking accounts without being guilty of any criminal wrongdoing and in tightening the screws on the OSA to prevent any expose on government abuses of power, negligence, fraud or corruption, Najib should be emulated as an example.
If democracy, human rights and good governance are to be among the topics of the US-ASEAN Summit in Sunnylands, California next week, Najib is not the best candidate to represent Malaysia.
Najib would be placed in a better position for the US-ASEAN Summit if the Cabinet today had heeded my suggestion that it should take a policy stand to stop the Attorney-General Apandi in his tracks by making clear that the Attorney-General has no sanction or authority from the Cabinet to draft amendments to the OSA to increase criminal penalties to punish and deter whistleblowers and journalists for information leaks to combat corruption, particularly grand corruption. Read the rest of this entry »
The world’s biggest oil trader thinks we may never see $100 oil again
by Will Martin
Business Insider
FEB. 8, 2016
The price of oil might never go above $100 per barrel ever again, and will stay beneath $60 for as long as ten years, according to the boss of the world’s biggest independent oil trader.
In an interview with Bloomberg TV, Ian Taylor, CEO of Vitol Group said: “It’s hard to see a dramatic price increase. You have to believe that there is a possibility that you will not necessarily go back above $100, you know, ever.”
The price of Brent crude, the European benchmark, peaked at around $140 in 2008 before crashing as low as $45 per barrel in early 2009.
It then recovered substantially, and traded around the $100 mark for nearly three years between 2011 and 2014.
However, since summer 2014, the huge supply glut in global markets, driven by OPEC, has forced prices down as low as $28 per barrel. Right now, both major benchmarks are hovering between $32-35 per barrel. Read the rest of this entry »
Hasan Arifin should explain whether he had received any directive to wrap up PAC’s 1MDB investigations and submit a favourable PAC report to the March Parliament after the adverse national and international firestorms to the AG’s exoneration of Najib and announcement to make OSA even more draconian?
Posted by Kit in Corruption, Financial Scandals, Najib Razak, Parliament on Wednesday, 10 February 2016
Something happened in the 17 days between January 21 and Feb. 7 that transformed the “cari makan” Chairman of the Public Accounts Committee, Datuk Hasan Arifin, from a laggard dragging his feet on the PAC’s 1MDB investigations and even saying that the PAC cannot keep its deadline to submits its 1MDB report to Parliament next month into to a “speedster” who want the PAC investigations to be wrapped up this month so that the PAC report could be submitted to the March meeting of Parliament.
The only thing that is relevant to the Prime Minister Datuk Najib Raza’s twin mega scandals that happened during this period were the two actions by the Attorney-General Tan Sri Mohamad Apandi Ali firstly, his announcement on January 26 exonerating Najib of any criminal wrongdoing and that no charges would be brought against him in both the RM2.6 billion donation and RM42 million SRC International scandals and secondly, his interview with Sin Chew Daily on 6th February where he made the shocking disclosure that the Official Secrets Act (OSA) would be amended to impose heavier penalties on whistleblowers and journalists to deter them from leaks of government information to combat corruption, particularly grand corruption.
In both instances, Apandi ignited two international firestorms within a fortnight and Malaysia’s international image and credibility had never been reached such a low ebb in the nation’s 59-year history.
Hasan Arifin should explain whether he had received any directive to wrap up PAC’s 1MDB investigations and submit a favourable PAC report to the March Parliament after the adverse national and international firestorms to the AG’s exoneration of Najib and announcement to make the OSA even more draconian?
Hasan’s fervor in wanting to wrap up the PAC’s investigations into 1MDB and the comments by the Deputy Foreign Minister and a former PAC member, Reezal Merican Naina Merican, that the release of the PAC report on the 1MDB in Parliament nextmonth would bring closure to the 1MDB issues are not good signs that the PAC Report on 1MDB would be an independent and credible one? Read the rest of this entry »
-
You are currently browsing the archives for Wednesday, February 10th, 2016
