Archive for February 27th, 2017
Johor Mentri Besar should give comprehensive statement on what anti-corruption initiatives the Johor State Government has taken following the MACC arrest of six persons, including the son and a special officer of a senior State Exco member, over multi-million ringgit corruption in land transactions
Posted by Kit in Corruption, Johore on Monday, 27 February 2017
I welcome the Johor Mentri Besar Datuk Seri Khaled Nordin’s visit to the Gelang Patah constituency tomorrow.
I call on him to address the “political earthquake” in Johor and to give a comprehensive statement on what anti-corruption initiatives the Johor State Government has taken following the MACC arrest of six persons, including the son and a special officer of a senior State Exco Member over multi-billion ringgit corruption in land transactions in the state.
Last Friday, the Malaysian Anti-Corruption Commission (MACC) seized 21 luxury cars, five high performance bikes and RM500,000 in cash, as well as frozen 45 accounts with over RM15.5 million in them, in a case involving bribery and abuses linked to real-estate in Johor.
Six individuals, including Ahmad Fauzan Hatim Abd Latif, the eldest son of Johor Housing and Local Government Committee chairman Datuk Abd Latif Bandi and his special officer Muhammad Idzuan Jamalludin, were arrested.
According to Bernama, Khaled’s reaction to the MACC arrests and seizures was that it was premature to decide whether his administration would conduct internal investigations as the State Government was waiting for investigations by the MACC.
Khaled would have been informed well in advance by the MACC of its investigations to massive real-estate corruption in Johor and intention to arrest the six persons involved, involving the son and special officer of a senior Exco member who is the Housing and Local Government Committee Chairman.
Khaled should know that inaction is no option for a responsible Johore state government committed to integrity, good governance and the eradication of corruption. Read the rest of this entry »
Malaysia’s currency curbs boomerang on bond markets
Reuters/Malay Mail Online
February 27, 2017
SINGAPORE, Feb 27 — When Malaysia forced foreign investors in its markets not to dabble in offshore derivatives in its currency last year, its target was speculative pressure on the ringgit, but it appears to have shot itself in the foot.
The ringgit was the weakest currency in emerging Asia last year after China’s yuan, prompting Malaysia’s central bank to get a written commitment from foreign banks to stop trading ringgit non-deliverable forwards (NDFs), offshore contracts they use to hedge their exposure to the currency.
The upshot has been a flood of money leaving Malaysian bonds as foreigners, who own US$47 billion of them, were unable to hedge their risks in onshore markets because of a lack of liquidity.
“It’s a market that’s kind of been destroyed,” said Gene Frieda, the London-based global strategist at bond giant fund Pimco, who blamed the inability to hedge for making it difficult to make significant bond trades.
Although Frieda said the currency now looked cheap compared with regional peers, he couldn’t see it rallying under the circumstances.
“We don’t find the bond market particularly interesting at these levels,” he said. Read the rest of this entry »
Perbezaan ketara antara PAS versi Nik Aziz, dan PAS versi Hadi Awang
Posted by Kit in Najib Razak, Parliament, PAS on Monday, 27 February 2017
Sepanjang tempoh 48 jam lalu, kita diperlihatkan dengan satu lagi aspek perbezaan ketara antara PAS versi Nik Aziz, dan PAS versi Hadi Awang.
Suatu sandiwara penyebaran berita palsu dan fitnah telah berlangsung dalam penyampaian memorandum kononnya oleh akar umbi PAS kepada Ketua Penerangan PAS, Nasarudin Hassan yang meminta Jawatankuasa Pusat PAS supaya memutuskan hubungan dengan mana-mana pihak yang mempunyai pertalian dengan DAP dan Amanah, diiringi beberapa poster menyerang pimpinan Pakatan Harapan dan Bersatu.
Banner yang mahal dan berwarna-warni, menyerang pemimpin Pakatan Harapan dan Bersatu – termasuk satu yang memaparkan wajah saya dan menyerang saya sebagai ‘Musuh Melayu/Islan (Rasis)’ – dipamerkan di luar Pejabat Agung PAS di Kuala Lumpur bagi menyampaikan rasa tidak suka dan benci yang bersangatan terhadap pimpinan DAP, Amanah dan Bersatu seperti Tun Mahathir, Tan Sri Muhyiddin Yassin, Mohamad Sabu dan saya sendiri.
Ini adalah sesuatu yang tidak akan terjadi dalam PAS versi Nik Aziz, kerana tidak akan ada Ketua Penerangan PAS yang akan berani mengatur dan menjalankan aksi politik nakal sedemikian, kerana beliau pastinya akan mengundang kemarahan Nik Aziz.
Read the rest of this entry »
The great difference between Nik Aziz’s PAS and Hadi Awang’s PAS
Posted by Kit in Najib Razak, Parliament on Monday, 27 February 2017
In the last 48 hours, we were shown another aspect of the great difference between Nik Aziz’s PAS and Hadi Awang’s PAS.
There was the charade and crude display of the spread of fake news and lies purportedly over the Selangor PAS grassroots submitting a memorandum to the PAS Information Chief Nasarudin Hassan urging the PAS Central Committee to cut off ties with any party which has relations with DAP and Amanah, accompanied by several posters attacking Pakatan Harapan and Bersatu leaders.
The multi-coloured banners attacking Pakatan Harapan and Bersatu leaders – including the one with my face and attacking me as “Enemy of Malays/Islam – Racist” – were yesterday displayed outside PAS Headquarters in Kuala Lumpur to communicate the intensity of the dislike and even hatred for the DAP, AMANAH and BERSATU leaders like Tun Mahathir, Tan Sri Muhyiddin Yassin, Mohd Sabu and myself.
This is something which not would have happened in Nik Aziz’s PAS, as no PAS Information chief would dare to plot and carry out such a political mischief, as he would be at the receiving end of Nik Aziz’s wrath.
But Nik Aziz is no more and what we have is Hadi Awang’s PAS. Read the rest of this entry »
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