Archive for December 21st, 2016

Don’t just think of our grandkids, but think of the grandkids of all Malaysians

I must thank the Minister for Tourism and Culture, Datuk Seri Nazri Abdul Aziz for his being so solicitous over my welfare, suggesting that I should be caring my grandchildren in my twilight years.

But Nazri cannot be more wrong, for we should not just think of our grandchildren, but also about the grandchildren of all Malaysians.

In fact, I call on all Malaysians, regardless of age, to transcend race, religion or region, to be solicitous of the national welfare and should involve themselves in ensuring that the country is a better place of our grandchildren and their children.

I put Nazri’s suggestion on my Facebook yesterday, asking whether I should listen to his advice.

The overwhelming majority, almost unanimous, view was in the negative, and some of the comments are as follows: Read the rest of this entry »

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Fourth tranche of five questions for Salleh from Musa Hitam, 1MDB, Islamic State to Hadi’s private member’s bill

The following is the fourth tranche of my five questions for the Minister for Communications and Multimedia, Datuk Seri Salleh Said Keruak to help him reinstate his right to ask questions and demand answers from others, after forfeiting such right when as Minister responsible for the portfolio of information, he failed to answer numerous questions about government scandals and failings:

Question 16:

Is the former Prime Minister, Tun Musa Hitam, right when he said at a forum yesterday that only the political bankrupts would use the politics of race and religion as gambling chits in the political arena, and one of the most egregious examples of such reckless exploitation of the politics of race and religion is none other than the Prime Minister, Datuk Seri Najib Razak in his UMNO Presidential Speech on Nov. 30? Read the rest of this entry »

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Answer these first, Kit Siang bombards Salleh with questions

Malaysiakini
20 Dec 2016

Lim Kit Siang has bombarded Communications and Multimedia Minister Salleh Said Keruak with a barrage of questions

This is after the minister questioned whether the opposition could come up with a shadow cabinet and also asked that the opposition explain what it would do if PKR de facto leader Anwar Ibrahim cannot become prime minister.

However, Lim pointed out that Salleh was raising a spree of questions when the minister himself has not been answering for the government’s alleged scandals and failings.

“If there is any ministry which is assigned the responsibility of defending the government, it is Salleh’s ministry.

“But realising that much as he wanted, he is just incapable of defending the indefensible, Salleh is subtly trying to transform his ministerial portfolio of answering questions on behalf of the government into one of asking questions about the opposition.

“If Salleh expects answers to his questions, let him perform his ministerial duty to answer questions about government scandals and failings,” he said.

The veteran leader then proceeded to bombard Salleh with questions on a daily basis since last Sunday. Read the rest of this entry »

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MALAYSIA’S RINGGIT ROUT RAISES SPECTRES OF 1998 ASIAN FINANCIAL CRISIS

BY BHAVAN JAIPRAGAS
South China Morning Post
20 DEC 2016

Currency hits levels last seen in 1998 as uncertainty over Trump, interest rates and 1MDB scandal create perfect storm – but government denies capital controls could be on the cards

The beaten down Malaysian ringgit is showing no signs of catching a break in the tail end of 2016.

The currency on Tuesday hovered near its lowest level since the height of the 1998 Asian Financial Crisis, as it reeled from a perfect storm of bearish factors including uncertainty about Donald Trump’s impending presidency in the United States, the acceleration of US interest rate hikes and a long-running corruption scandal linked to Prime Minister Najib Razak.

Some observers said the slump – the ringgit is poised to finish the year as Asia’s worst performing currency for a second year running – raised the spectre of a repeat of the controversial capital controls imposed in 1998.

The government has so far swatted away suggestions it will re-introduce such measures.

The ringgit traded at 4.4798 in Tuesday afternoon trade in Asia, according to Bloomberg. It had fallen to 4.4805 on Monday, its weakest point since January 1998.

It has lost six per cent since Trump’s shock victory in the US presidential election on November 8. Read the rest of this entry »

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