Archive for June 4th, 2017

Why Malaysians could walk tall all over the world during Mahathir’s premiership but shy to admit they are Malaysians when abroad under Najib’s premiership?

Malaysia’s continued decline in international competitiveness was again highlighted a few days ago when it slipped another five notches to 24th place in latest World Competitiveness Yearbook (WCY) by the Institute for Management Development (IMD) – after falling to 19th spot last year from 14th in 2015.

It is Malaysia’s lowest ranking in five years and the country cannot take comfort that it remained the second most competitive ASEAN country behind Singapore.

Malaysia is losing out in the race of nations for development and progress, and the recent spate of incidents which signaled the rise of racial and religious extremism in the country would aggravate this national decline and fall into a failed state.

Malaysia must stop the present trajectory towards the politics of lies, hatred and fear to exploit racial and religious divisions by fanning intolerance, distrust and extremism in the country.

Malaysians must unite and stop fighting among ourselves, but must leverage on the best qualities and values from the diversity of races, religions and cultures in Malaysia so that we are not left behind in the international race of nations for development and progress. Read the rest of this entry »


Why the 1MDB saga could be far from over for Singapore

Chan Chao Peh
The Edge
June 02, 2017

SINGAPORE (June 2): This past week, the Monetary Authority of Singapore (MAS) imposed penalties on two more banks and said it had completed an extensive, two-year-long probed into the 1Malaysia Development Bhd (1MDB).

But charges could be brought against more individuals in the future, The Edge Singapore understands.

Following the latest announcement by MAS of financial penalties issued against UOB and Credit Suisse, the total of banks that have faced MAS action over their roles in the 1MDB saga have been brought to eight.

These eight banks have been fined S$29.1 million in total, while two of them – BSI Bank and Falcon Bank – have been ordered to close in Singapore. Read the rest of this entry »

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