Archive for February 22nd, 2017
With Anwar’s support and offer of assistance, there is even less reason to delay RCI into Bank Negara forex losses more than 20 years ago, as well as probe into 1MDB and BMF scandals
Posted by Kit in Anwar Ibrahim, Financial Scandals, Najib Razak on Wednesday, 22 February 2017
Malaysians welcome Anwar Ibrahim’s support for a Royal Commission of Inquiry (RCI) into the Bank Negara foreign exchange (forex) losses in the 1990s and his offer of assistance if the RCI was established but not a Cabinet task force.
With Anwar’s support and offer of assistance, there is even less reason to delay the establishment of a Royal Commission of Inquiry into the Bank Negara forex losses more than 20 years ago, as well as probe into the 1MDB and BMF scandals.
Anwar’s support and offer of assistance are most significant, as Anwar was the Finance Minister at the relevant period of the Bank Negara forex losses, being Finance Minister of the country from 1991-1998. Read the rest of this entry »
Where Crony Capitalism Rose and Prosperity Fell (and Vice Versa)
Posted by Kit in Economics, Financial Scandals, Najib Razak on Wednesday, 22 February 2017
Matthew A. Winkler
Bloomberg
FEB 20, 2017
With populists emulating autocrats from Azerbaijan to Zimbabwe, free markets are being forced to confront crony capitalism.
One response is visible in the reversal of fortunes of Malaysia and Indonesia. The two nations still wrestle with the politics of ethnicity and religion at odds with the capitalism of market competition. In Indonesia, Basuki Tjahaja Purnama, a Chinese Christian who is the governor of Jakarta, is running for office while defending himself against charges of blasphemy against Islam in a country of predominantly Muslim voters. Malaysia’s embrace of an ideology of Malay supremacy and the low interest rates that invite a debt bubble are impediments to a dynamic economy.
But the historic advantage that Malaysia, with just 30 million people, has enjoyed over its Southeast Asian neighbor of 250 million is disappearing amid a barrage of corruption allegations challenging Prime Minister Najib Razak. Read the rest of this entry »
Call on Cabinet to give priority to my private member’s bill to establish IPCMC to restore public confidence in the police by ending police corruption, misconduct and abuses of power – as IPCMC should have been established 10 years ago if not sabotaged by police officers
Posted by Kit in Parliament, Police on Wednesday, 22 February 2017
I call on the Cabinet to support and give priority to my private member’s bill to establish the Independent Police Complaints and Misconduct Commission (IPCMC) to restore public confidence in the police by ending police corruption, misconduct and abuses of power – as the IPCMC should have been established 10 years ago if it had not been sabotaged by police officers.
The IPCMC was the most important recommendation of the Police Royal Commission set up by the fifth Prime Minister, Tun Abdullah Ahmad Badawi in the first flush of his premiership to transform a Malaysia with “First World Infrastructure, Third World Mentality” into an advanced nation in all dimensions, especially good governance and government accountability and transparency.
We seemed to have regressed to the period more than a decade ago before the establishment of the Police Royal Commission headed by the former Chief Justice, Tun Dzaiddin with former Inspector General of Police Tan Haniff Omar as Deputy Chairman when public confidence in the police was at an all-time low, with widespread complaints about police corruption, brutalities and indiscipline resulting in many deaths in police lock-ups. Read the rest of this entry »
Martin Jalleh: Happy Birthday! (2)
Posted by Kit in Martin Jalleh on Wednesday, 22 February 2017
By Martin Jalleh
Martin Jalleh: Happy Birthday!
Posted by Kit in Martin Jalleh on Wednesday, 22 February 2017
By Martin Jalleh
Enacting harsh laws makes us less Islamic
By Ahmad Farouk Musa
Islamic Renaissance Front
February 20, 2017
Every rule that turns justice into tyranny, mercy into cruelty, good into evil and wisdom into triviality does not belong to the Shariah.
Much has been debated about the amendments to the Shariah Courts (Criminal Jurisdiction) Act 1965. A massive demonstration in support of the bill was held last Saturday and tensions are running high.
PAS has insisted that the main aim of the proposed amendment is not to introduce hudud but to strengthen the shariah laws and shariah courts.
But if that is true, then PAS for sure must have identified the weaknesses. To the general observer, the weaknesses are apparent and appalling. Read the rest of this entry »
-
You are currently browsing the archives for Wednesday, February 22nd, 2017
