Archive for May 31st, 2016

Call on Najib to relinquish the portfolio as Finance Minister as one step to deal with the headwinds undermining Malaysia’s economy and competitiveness caused by the 1MDB scandal

The adverse impacts of RM55 billion 1MDB global scandal are beginning to bite on the country’s long-term competitiveness prospects.

The ebullient statement by the Minister for International Trade and Industry, Datuk Mustapha Mohamad that Malaysia maintained its top 20 position among 61 global economies in World Competiveness Year (WCY) 2016 cannot hide the fact that Malaysia’s WCY ranking is the worst in the seven-year premiership of Datuk Seri Najib Razak.

Malaysia’s WCY rankings in the past seven years under Najib’s premiership, falling from the 10th ranking in 2010 to the present 19th position, were: Read the rest of this entry »

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Liow Tiong Tai and Mah Siew Keong should stop being pawns of UMNO-PAS political plot to polarize Malaysians into Muslims and non-Muslims and make “hudud” the primary issue in the two upcoming Sungai Besar and Kuala Kangsar by-elections

Although MCA president Liow Tiong Lai and Gerakan president Mah Siew Keong have threatened to resign from the Cabinet if PAS President, Hadi Awang’s hudud bill is passed in Parliament, both of them made it very clear that MCA and Gerakan would remain in the Barisan Nasional coalition.

It is quite unfathomable why two highly-educated persons like Liow and Mah, who have risen to become Cabinet Ministers in the land cannot see the gross contradiction in their positions.

Be that as it may, Liow and Mah should stop being pawns of a deep UMNO-PAS political plot to polarize Malaysians into Muslims and non-Muslims and make “hudud” the primary issue in the two upcoming Sungai Besar and Kuala Kangsar by-elections next month.

There is clearly a concerted attempt to create a “hothouse” political atmosphere and an artificial “national crisis” in the country by polarizing Malaysians into Muslims and non-Muslims over the “hudud” issue, after the Minister in the Prime Minister’s Department, Datuk Seri Azalina Othman Said, moved an unprecedented Ministerial motion in Parliament after lunch last Thursday to give priority to Hadi’s private member’s bill motion. Read the rest of this entry »


1MDB scandal taking toll on Malaysia stock market as foreigners sell

31st May 2016

KUALA LUMPUR/SINGAPORE (BLOOMBERG) – One of the worst global financial scandals is taking its toll on the world’s longest bull market run.

Deepening concerns over 1Malaysia Development Bhd (1MDB), the embattled state investment fund at the center of probes from Switzerland to Singapore, has spurred the biggest outflow of foreign funds in eight months. Malaysia’s benchmark stock index has erased most of its gains after climbing to this year’s high in April.

The prolonged impact of 1MDB is prompting investors to seek out other markets in Southeast Asia, according to Baring Asset Management. Read the rest of this entry »


Expert: No ‘Islamic state’ in Quran

Sheith Khidhir Bin Abu Bakar | May 30, 2016
Free Malaysia Today

PETALING JAYA: There is no such thing as an Islamic state and no obligation to create one, according to Law Professor Abdullah Ahmed An-Na’im from Emory University, Atlanta, United States.

Speaking at a lecture entitled “Islam and the Secular State” at the Sunway University here today, Ahmed said that the term “Islamic state” was not mentioned in the Quran or the sunnah (sayings and actions of Prophet Muhammad), nor was it known in any of the languages until the 20th century.

“We do not have this obligation in the Quran or sunnah,” he said. “Islam does not have a prescribed order for a political state.”

In fact, he added, an Islamic state was an “impossibility” as there was no criteria to measure what an Islamic state was.

There were differing views in classic Islamic knowledge on jurisprudence and there was no independent authority that could verify an Islamic state.

“Arabia and Iran both claim to be Islamic states, but to each of them they are heretics,” he quipped. Read the rest of this entry »