Malaysia Is Buying Up The World According To Pakatan

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Everyone talks about Communist atrocities in Malaysia. Well, it was done by Malayans, not China. But we never talk about Japanese atrocities in Malaya. Why?

I refer to a WhatsApp message that says the following:

Listen to this (video) and think about it.

 It’s hard to believe that Malaysia is the perfect model for China after Sri Lanka, Pakistan, Jamaica & Greece.

We hv the history of atrocities by Communist Party (Terrorists).

Jack Ma is also the influential biz advisor to the PM.

Numerous lands & companies bought over by China, Xiamen university for students from China.

Enclavement (safe haven) in MCKIP, Forest Cities, flourishing China’s retail companies even in Aeon too.etc,

Strategic Tun Razak 106 Exchange overlooking KL area, with potential airport, ports and MISC shipping, railway lines, even purchase of Perwaja land within Kemaman Supply base etc….widespread corruptions, a condusive environment to China Belt Road Initiatives.

We hv to accept first that the threat is real.”

 

HISTORY OF ATROCITIES BY COMMUNIST PARTY

The atrocity done to Malaysians was by those born in Malaya, not China.  China merely gave its support for the setting up of a Communist satellite nation in Malaysia by Chin Peng, who is largely revered by the DAP.

In 1981, Mahathir’s political secretary was arrested by the police for being a communist agent.  Interestingly, Mahathir allowed Communist Cuba to open an embassy in Kuala Lumpur in 1997.  Mahathir also allowed Communist North Korea to open an embassy in Kuala Lumpur in 2003, several months before he stepped down.

Mahathir loved Communist China so much that he visited the country seven times and invited China to invest in Malaysia.  A year after he became PM the Sino-Malaysia trade stood at US$307 million.  A year before he stepped down, it was at US$14 billion.

Mahathir himself said in Bangkok after retirement that for 2000 years China has been a superpower, and it could have invaded the Malay states had it wanted to but never did.  So, if Mahathir has never been afraid of China, why should be we be afraid of it?

JACK MA IS INFLUENTIAL BUSINESS ADVISOR TO THE PM

Well, Jack Ma is the advisor to this country on E-Commerce.  If this is the concern, then Jack Ma is also the business advisor to Indonesia on E-Commerce.  By definition, China has also colonised Indonesia through Jack Ma.

Wait! Jack Ma is also the advisor to the UN Conference on Trade and Development (UNCTAD) on E-Commerce.  So, has China taken over the world?

NUMEROUS LANDS AND COMPANIES BOUGHT OVER BY CHINA. XIAMEN UNIVERSITY FOR STUDENTS FROM CHINA

Wow! Well written by a very ill-informed person.

Xiamen University Campus Malaysia has 700 students from China and 900 from Malaysia.  Last year it gave out scholarships to top performing local (Malaysian students).

Xiamen University Campus Malaysia is just a new face in a crowded space that already has nine branch campus of foreign universities that include Nottingham University, University of Reading, Monash University to name a few.

Why pick on Xiamen University alone? Is it because it is in a state held by the Barisan Nasional?  Before Xiamen University, we already have Hanjiang (Han Chiang) University in Pulau Pinang and New Era University College in Kajang, Selangor.  Why not ask why is the flag of China flying above those campuses as well?

As at the beginning of 2018, China’s investments received in Malaysia is RM63 billion.  Japan’s investments received in Malaysia totals RM70 billion.  Aren’t we selling the country to the Japanese more?

Furthermore, China’s FDI in Malaysia is at the 10th place and accounts for only 2 percent of the total FDI received by Malaysia.  The US debt to China is at US$1.2 TRILLION making its Debt-to-China-versus-GDP at 6.5 percent.  Is the US now owned by China?  You tell me!

ENCLAVEMENT IN MCKIP, FOREST CITY, FLOURISHING CHINA’S RETAIL COMPANIES IN AEON TOO

AEON is a company that has nine members of the Board.  Three of the nine are Japanese while the rest are Malaysians.  If the Japanese board members don’t give a hoot about China retail companies in AEON complexes, why should you?

The Malaysia-China Kuantan Industrial Park (MCKIP) in Kuantan is a 51:49 percent joint-venture between a Malaysian consortium and a China consortium.  How is it that we have sold our country to China when we have a 51-percent control of the park?

Why did the writer also write that there is a CMQIP in China?  Yes, there is a China-Malaysia Qinzhou Industrial Park which is also a 51:49 percent joint-venture between a China consortium and a Malaysian consortium. Has China also sold its ports, airports and country to Malaysia?

There are also the China-Singapore Suzhou Industrial Park (CSSIP) and the China-Singapore Tianjin Eco City (CSTEC), both in China. Has China sold its country to Singapore too?

Exchange 106 is only built by China’s CSCEC, but the master developer is Indonesia’s Mulia Group.  Since when is Exchange 106 a China-owned property?

Forest City is an exception.  Although only 40 percent of the development is owned by a Malaysian company, it is an enclave for foreigners, not just China’s citizens. About 15 percent is owned by other foreigners including those from the Indian subcontinent and the Middle East.  But does owning only 40 percent make Forest City essentially China-owned?

Similarly, the Marina One and DUO development in Singapore are 60 percent owned by Khazanah Nasional. 40 percent remains with Temasek Holdings.  Does that mean those developments are essentially Malaysian? Has Singapore sold itself to Malaysia? Has there been any noise by anyone in Singapore over this issue?

Of course not.  Singaporeans are not as stupid and foolish as Malaysians are who would believe anything especially lies and fake news.

(Originally sent as a WhatsApp message)

The China Mahathir So Loved

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Mahathir visiting China in 1985 (courtesy of Penerangan Malaysia)

The ‘Ping Pong Diplomacy’ between Malaysia and China that happened in 1971 was a marked departure from the policy on China set by Tunku Abdul Rahman.  While Tunku blamed China for its support for the Communist Party of Malaya (CPM), Tun Abdul Razak saw it necessary to engage China to end its support for the CPM.

When Mahathir took over the premiership in 1981, he placed importance on economic development and not so much foreign policy.  Three years earlier, Deng Xiao Ping had also placed China under a process of economic modernisation.  However, although there was an increase in bilateral economic and trade exchanges with China, the percentage of that compared to the overall trade declined.  In the 10 years since the beginning of formal diplomatic relations, economic and trade exchanges between the two countries was at 3.5 percent of Malaysia’s total trade.  This number fell to just 1.5 percent in 1984 (Stephen Leong, “Malaysia and the People’s Republic of China in the 1980s: Political Vigilance and Economic Pragmatism”, Asian Survey, Vol. 27, No. 10, October 1987, p.1114).

In a speech at Qing Hua University, Beijing in November 1985, an alarmed Mahathir said: “My own country`s bilateral trade with China has in fact declined since 1980 and this is despite the widely held view that China`s modernisation would increase the opportunities for trade and economic links.”

Mahathir saw China as a very important partner that could help the modernisation of Malaysia’s economy so much so that the delegation that he brought with him on that first visit in 1985 was huge. In a speech given during that visit he said:

I have brought with me a large delegation of leading Malaysian entrepreneurs and businessmen. It is my hope that with your cooperation they would be able to fully explore further opportunities for trade and economic cooperation.

Mahathir made six other visits to China between 1993 and 2001, a display of the importance of China in his economic policies.  A year after he began his administration, trade with China stood at USD307 million.  This jumped to USD1.4 billion ten years later.  A year before he stepped down, it was at USD14 billion.

Mahathir led another large trade delegation to China in 1993 and 1994 with China returning the favour towards the end of 1994.  Of China’s communist ideology, Mahathir in his speech during the 2nd Malaysia-China Forum in Beijing in August 1996 said:

China has come in for special attention. For years it had been condemned for being Communist and isolationist, practising a close centrally planned economy. Now it has opened up and has adopted a version of the universally acclaimed market system. Instead of being welcomed to the fold, it is looked upon with fear and suspicion. The World Bank has sounded the alarm by predicting that China will emerge in the 21st Century as the greatest world economic power. And fear of China has mounted.”

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Mahathir’s visit to China (courtesy of Penerangan Malaysia)

Hence, we can see that it has never bothered Mahathir that China is a communist country, and working with China does not turn a country into a communist one.  China was so important to Mahathir that he wanted to see his proposal for a regional consultative group, namely the East Asia Economic Group (EAEG) take flight with US and US-leaning countries accepting China.  This, however, was not to be.  To his dismay, Japan refused as it was closely linked to the USA which had formed APEC; South Korea refused as the EAEC proposed by Mahathir would have placed Japan at the centre of the organisation.

During the Asian Financial Crisis of 1997-98, the Chinese Government assumed a highly responsible attitude. It provided assistance to all the affected countries including Malaysia within the framework of the IMF arrangements and through bilateral channels.  The decision of not devaluating the Renminbi, for which China paid a high price, assisted ASEAN countries affected by the crisis to pull through.

During his visit to China in August 1999, Mahathir thanked China in his speech:

China`s concern for the well-being of East Asia in the financial crisis has been most laudable. The regional economies and the global community at large greatly appreciate China`s decision — despite strong pressures — not to devalue the Yuan. Beijing`s cooperation and high sense of responsibility has spared the region of a much worse consequence. Renminbi devaluation would almost certainly result in a new round of currency devaluation by the affected economies.”

The crisis had brought both Malaysia and China closer together, both Mahathir and China promised better cooperation.  In June 1999, Malaysia and China agreed to invest around USD2.5 billion to develop a Trans-Asia Railway from Singapore to Kunming passing, without doubt, through Malaysia.  Mahathir welcomed China to play an active role in the railroad construction.

When Premier Zhu Rongji visited Malaysia in November 1999, an overwhelmed Mahathir said in his speech:

We appreciate the decision of the PRC to participate in the pulp and paper projects in Sabah. I understand that this project is valued at RM4.3 billion is the PRC’s largest investment in the region. We hope as many PRC companies will try to explore the investment opportunities available in Malaysia.”

However, it is so wrong now for China to help Malaysia build the East Coast Rail Link (ECRL).  Every single investment by China in Malaysia is seen as ‘selling away our rights and sovereignty’ but it was not the case back then.

I often wonder if Mahathir is jealous that Najib Razak is doing better, or if he (or his agents) is not getting a slice of the cake?  He seems to be the only one making noise about China’s investments in Malaysia although, at less than three percent of the total FDI, is at the 10th place of the largest Foreign Direct Investments in Malaysia – the largest being Singapore.  Why is China being made the scapegoat?

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Mahathir, Siti Hasmah, and a very young Marina visit the Great Wall of China. We wonder what post Marina held that she tagged along on an official trip and if she had travelled by normal flights herself as Najib’s family did. If not, who foot her bill for her? (courtesy of Penerangan Malaysia)

Which is why DAP supremo Lim Kit Siang has been silent on the issue of Forest City for the longest time – as he can see how it benefits his parliamentary constituency, very much unlike Mahathir whose hatred for Najib surpasses the needs of his political partners and voters.

During a conference on Assessing ASEAN’s Readiness by Country at the Napalai Ballroom, Dusit Thani hotel in Bangkok on 17 September 2013, the nonagenarian said:

We have been trading with China for almost 2,000 years. China was very big, most developed nation in the past, they could have conquered us but they didn’t. They came and lived in Malaysia but they didn’t conquer us. And I don’t want to be in any confrontation with China. China is a good trading nation with 1.4 billion people.

And suddenly after 2,000 years of peaceful co-existence, just because Najib Razak is now the Prime Minister of Malaysia, the China that Mahathir so loved wants to invade us?

That, to me, sounds blatant hypocrisy.

(This posting was first published by The Mole)

Drama Kera La (Versi BM)

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Seekor beruk bermain dengan sekuntum Bunga Raya (Gambar Hiasan)

Baru-baru ini ditularkan di dalam Facebook dan WhatsApp sebuah video mengenai cara negara China memperluaskan penguasaannya dengan menggunakan kekuatan ekonomi.  Video tersebut membandingkan usahasama China-Sri Lanka di pelabuhan laut dalam Hambantota dengan usahasama-usahasama yang dijalankan di Malaysia, membuktikan bahawa Malaysia juga boleh berakhir bukan sahaja menjadi sebuah negara yang dibelenggu masalah hutang yang besar, tetapi juga bakal hilang pegangan ke atas aset-aset tersebut.

Secara kasar, berhutang keada China dengan sebegitu banyak untuk projek-projek tersebut adalah amat menakutkan, terutamanya untuk mereka yang tidak mendapat gambaran penuh.  Namun, membandingkan Malaysia dengan Sri Lanka bukanlah suatu perkara yang bijak.

Pelabuhan laut dalam Hambantota terletak di dalam kawasan bekas Presiden Sri Lanka iaitu Mahinda Rajapaksa dan kos pembinaannya adalah lebih dari $1 billion.  Sebuah lagi projek yang dibina di dalam kawasan Mahinda ialah Lapangan terbang Mattala Rajapaksa yang terletak 30 kilometer dari pelabuhan tersebut.  Sehingga kini, lapangan terbang tersebut digunakan oleh hanya beberapa ratus orang seminggu hinggakan ianya diberi gelaran “lapangan terbang paling sunyi di dunia.”

Hambantota ialah sebuah wilayah yang terpencil di Selatan Sri Lanka.  Jaraknya dengan bandar yang paing hampir iaitu Galle ialah 130 kilometer, manakala jaraknya dengan ibu negara Sri Lanka iaitu Colombo ialah 240 kilometer.  Jumlah penduduknya hanyalah sekitar 12,000 orang dan ianya merupakan sebuah wilayah yang tersisih dari sebarang pembangunan.  Masalah pelabuhan laut dalam Hambantota ialah kedalaman airnya yang tidak mencukupi untuk kapal-kapal dagang yang besar untuk masuk ke pelabuhan tersebut.  Maka, ianya tidak menjadi suatu destinasi bagi syarikat-syarikat perkapalan besar.  Tiada siapa yang ingin berpindah ke sana kerana ianya berada terlalu jauh dari pembangunan.  Ini menyebabkan kedua-dua pelabuhan dan lapangan terbang tidak dapat menjana pendapatan untuk menampung kos operasinya sendiri, apatah lagi untuk membayar pinjaman yang telah diterima daripada China.

Jumlah hutang yang ditanggung oleh Sri Lanka ialah hampir $65 billion.  Dari jumlah tersebut, $8 billion adalah hutang kepada China.  KDNKnya (Keluaran Dalam Negara Kasar) ialah sebanyak $81.32 billion.  Kadar hutang kepada KDNKnya pula ialah 75 peratus manakala rizab matawang asingnya ialah $7.2 billion.  Kerajaan Sri Lanka menggunakan 95.4 peratus pendapatannya untuk membayar hutang.  Inilah sebab-sebab Sri Lanka mengambil jalan untuk melangsaikan hutang-hutangnya untuk kedua-dua projek tersebut dengan cara menyerahkan pegangan kepada negara pemiutang (China).

Bandingkan apa yang terjadi dengan projek ECRL yang bernilai $13.1 billion (RM55 bilion).  Malaysia mengambil pinjaman sebanyak $11.14 billion (85 peratus dari kos keseluruhan projek atau RM46.75 billion) dari China manakala selebihnya dibiayai melalui program sukuk yang dikendalikan oleh institusi-institusi kewangan tempatan.

Projek Forest City di negeri Johor pula merupakan sebuah program pembangunan bernilai $100 billion selama 20 tahun.  Walaupun jumlah yang diperuntukkan bagi setiap fasa projek tersebut adalah merupakan maklumat sulit syarikat yang membangunkan projek tersebut, ianya dianggarkan sekitar $5 billion setahun.  Projek tersebut telah bermula pada tahun 2015 dan sehingga kini 11 peratus telah dilaksanakan.  Pada akhir bulan Disember 2016, Forest City berjaya membuat penjualan 17,000 unit apartmen bernilai $2.9 billion.  Tempoh pembangunan projek tersebut masih berbaki 17 tahun lagi.

KDNK Malaysia kini berjumlah $320.25 billion (RM1.3 trillion) untuk tahun 2017.  Ini menjadikan kos projek ECRL pada kadar 4.1 peratus dari KDNK manakala projek Forest City pada kadar 1.6 peratus setahun.  Jumah hutang keseluruhan negara ialah sebanyak RM685.1 billion atau 50.9 peratus dari KDNK.  Dari jumlah ini, RM662.4 billion adalah hutang dalam negara manakala hanya RM22.7 billion merupakan hutang luar pesisir pantai.

Yang menariknya, setakat bulan Oktober 2017, hutang Amerika Syarikat kepada China berjumah $1.2 trillion, iaitu 19 peratus dari sejumlah $6.3 trillion dalam bentuk bil-bil Perbendaharaan, wang, dan bon-bon yang dipegang oleh negara-negara luar.  KDNK AS pada tahun 2016 adalah sebanyak $18.57 trillion dan ini menjadikan kadar hutang AS kepada China berbanding KDNKnya sebanyak 6.5 peratus.

Sudah tentu kita boleh membiayai projek-projek di atas tanpa mengambil sebarang pinjaman.  Rizab matawang asing kita berjumlah RM414.71 billion ($102.17 billion), lebih dari mencukupi untuk pembiayaan kedua-dua projek tersebut.Jika kita gunakan kaedah di zaman Tun Mahathir, Petronas mempunyai pegangan tunai sebanyak RM129 billion ($31.8 billion) manakala KWSP mempunyai aset-aset yang bernilai $771 billion ($189.9 billion).  Ini tidak termasuk pegangan tunai dan aset-aset kepunyaan Khazanah, Tabung Haji, KWAP, SOCSO, PNB dan lain-lain institusi kerajaan.

Sekiranya kadar hutang kepada KDNK sebanyak 50.9 peratus merisaukan anda, ianya pernah berada pada kadar 103.4 peratus semasa Mahathir merupakan Perdana Menteri pada tahun 1985.  Dan suatu jumlah bersamaan dengan 24 peratus KDNK juga telah hilang dalam skandal Forex BNM pada tahun 1991 iaitu semasa Mahathir masih lagi Perdana Menteri Malaysia.  24 peratus daripada KDNK sekiranya ia berlaku sekarang bersamaan dengan hilangnya RM315 billion dari RM1.3 trillion.  Sebagai perbandingan, kadar hutang kepada KDNK Singapura ialah 112 peratus dan negara tersebut berada di tangga ke-10 dari 17 negara yang mempunyai kadar hutang berbanding KDNK paling tinggi di dunia yang disenaraikan oleh Business Insider, UK.  Jepun menduduki tempat pertama dengan kadar 239.2 peratus!

Kita tidak jatuh bankrap semasa zaman Mahathir jadi mengapa perlu kita takutkan kadar hutang berbanding KDNK sebanyak 50.9 peratus bila asas ekonomi kita jauh lebih kukuh sekarang berbanding 103.4 peratus semasa asas kita lemah?  Jepun dan Singapura juga tidak jatuh bankrap.

Dan apa masalahnya dengan pemilikan tanah Forest City?  Tanah tersebut adalah merupakan tanah yang ditambak di tengah laut.  Ini bermakna tiada tanah yang “diberikan kepada China.”  Johor mempunyai hak ke atas tanah yang ditambak tersebut berdasarkan Kanun Tanah Negara, 1965 dan selagi ianya berada dalam lingkungan tiga batu nautika mengikut Seksyen 3(3) Akta Laut Wilayah, 2012.  Sama ada ianya merupakan pegangan bebas mahupun pegangan pajakan, Johor mempunyai hak untuk mengambil semula tanah tersebut di bawah Akta Pengambilan Tanah, 1960.  Mana-mana tanah sehingga 12 batu nautika dari sisir pantai adalah hak milik negara.

Namun Mahathir lebih suka memilih jalan dengan menggembar-gemburkan cerita untuk menakut-nakutkan rakyat.  Dalam ucapan beliau baru-baru ini, beliau berkata, “Habislah tanah kita akan dijual, tidak kiralah Forest City, saya harap Forest City akan betul-betul jadi ‘forest’ (hutan)…penduduknya akan terdiri daripada kera, monyet dan sebagainya.

Taman Perindustrian Malaysia-China Kuantan (MCKIP) dibangunkan oleh MCKIP Sdn Bhd (MCKIPSB) yang merupakan sebuah syarikat usahasama 51:49 di antara sebuah konsortium Malaysia dan sebuah konsortium China.  Pegangan dalam Konsortium Malaysia pula terdiri dari IJM (40 peratus), Sime Darby Property (30 peratus) dan Kerajaan Negeri Pahang (30 peratus).  Taman perindustrian kembarnya iaitu Taman Perindustrian China-Malaysia Qinzhou (CMQIP) di negera China pula dipegang oleh sebuah konsortium Malaysia (SP Setia Berhad dan Rimbunan Hijau Group) sebanyak 49 peratus.

Mengikut logik Mahathir, bukankah China telah memberi peluang kepada Malaysia untuk menjajah negaranya?  Sebelum ini China juga telah membenarkan Singapura menjajahnya di dua kawasan iaitu di Taman Perindustrian China-Singapore Suzhou dan juga di Bandaraya Eko China-Singapore Tianjin.

Walaupun keadaan di Sri Lanka nampak suram, Jepun, Singapura dan India telah menyatakan hasrat untuk membina infrastruktur dan mendirikan perniagaan di Sri Lanka.  Walaupun Sri Lanka mempunyai asas ekonomi yang lemah, Lolitha Abeysinghe dari Opportunity Sri Lanka kekal optimistik.

Pergantungan berlebihan terhadap mana-mana negara untuk pelaburan, teknologi dan pasaran boleh memberi kesan buruk terhadap kepentingan negara dalam jangka panjang, tetapi sekiranya diurus dengan betul dan dengan wawasan yang jauh, Sri Lanka boleh mengurangkan masalah tersebut dan mendapat manfaat terbaik untuk ekonomi luar bandar domestik di dalam sebuah dari wilayah-wilayah terpinggir di Sri Lanka,” katanya.

Malaysia mempunyai wawasan tersebut tetapi malangnya sesetengah orang lebih gemar sekiranya Malaysia gagal hanya kerana kepentingan politik. Politik cara kera dan monyet.

Drama Kera La

ST photo -SAF-PLA joint military exercise
Singapore Army invading China?

Recently, a video clip of how China is fulfilling its hegemonic ambitions using economic means was spread around especially in Facebook and WhatsApp groups.  The video compares the Sino-Sri Lankan joint-venture at the Hambantota Deep Water Port with the ones in Malaysia, proving that Malaysia, like Sri Lanka, could end up not only with a huge debt owing to China, but also lose its ownership of those assets.

On the surface, it sounds scary to have so much money owed to China for these projects especially so for the ill-informed.  But comparing Malaysia to Sri Lanka hardly does any justice.

The Hambantota Deep Water Port lies within the constituency of the former President Mahinda Rajapaksa and costs more than $1 billion to construct.  Another project that was constructed in this constituency is the Mattala Rajapaksa Airport, located 30 kilometres away from the port, which until now flies only a few hundred passengers in and out weekly and has been dubbed “the world’s loneliest airport.”

Hambantota is a remote region in the South, 240 kilometres from Colombo and the nearest city, Galle, is 130 kilometres away.  The population of Hambantota is around 12,000 people and is very underdeveloped.  The problem with Hambantota’s deep-water port is that its waters are not deep enough for large vessels with deep draught, so large shipping companies shy away from it.  It is far from any development that hardly anyone wants to move there.  Both the port and the airport cannot generate enough income to sustain operations let alone pay back loans to the Chinese.

Sri Lanka owes its financiers close to $65 billion and of this, $8 billion alone is owed to the Chinese.  Its GDP stands at $81.32 billion, debt-to-GDP ratio stands at roughly 75 percent while its foreign currency reserves is at $7.2 billion.  The Sri Lankan government uses 95.4 percent of its revenue to repay debts.  These are the reasons for Sri Lanka to opt for a debt-for-equity solution for both projects.

Compare this with Malaysia’s $13.1 billion East Coast Rail Link, or RM55 billion in Malaysian terms.  Malaysia took a $11.14 billion loan (85 percent or RM46.75 billion) from China to finance the project while the balance is in the form of a sukuk programme managed by local financial institutions.

The Forest City project in Johor is a development programme that runs over 20 years.  How much is being allocated per project is a company confidential information but if we go by average, it would be at $5 billion per annum, with a total of $100 billion over 20 years.  The project commenced in 2015 and to date has completed about 11 percent.  At the end of December 2016, Forest City saw concluded contracted sales of $2.9 billion for 17,000 apartment units.  It still has another 17 years of development to go.

Our GDP now stands at around $320.25 billion (RM1.3 trillion) for 2017 which puts the cost of the ECRL project at 4.1 percent of the GDP while Forest City accounts to approximately 1.6 percent of the GDP per annum.  The total Government debt as at end of June 2017 was reported to be at RM685.1 billion or 50.9 percent of the GDP.  Of this total, RM662.4 billion was domestic debt while RM22.7 billion was offshore loans.

Interestingly, as of October 2017, the US debt to China is at $1.2 trillion, which is 19 percent of the $6.3 trillion in US Treasury bills, notes and bonds held by foreign countries.  The US GDP in 2016 was $18.57 trillion which makes its China-debt-to-GDP alone at 6.5 percent.

Of course, we could undertake to pay for all the above projects.  Our foreign currency exchange reserves are at RM414.71 billion ($102.17 billion) which is more than enough to pay for both projects.  If we use the Mahathir-era method, then Petronas has RM129 billion in cash ($31.8 billion) while the EPF has RM771 billion ($189.9 billion) worth of assets.  This does not include sources from other funds such as Khazanah, Tabung Haji, KWAP, SOCSO, PNB and others.

If our debt-to-GDP ratio of 50.9 percent is still a scary number to you, it was at 103.4 percent when Mahathir was the Prime Minister in 1985!  And an equivalent to 24 percent of the GDP went missing as a resut of the BNM Forex scandal also during his tenure as the PM in 1991!  That is RM315 billion if our GDP is RM1.3 trillion!  In contrast, Singapore’s debt-to-GDP ratio is 112 percent at tenth place out of 17 nations with the highest debt-to-GDP rate listed by Business Insider, UK.  Japan is first at 239.2 percent.

Still, we did not go bankrupt back then. So why should we fear a 50.9 percent debt-to-GDP ratio with much stronger economic fundamentals when we have reached 103.4 percent with a much weaker economy? And neither Singapore nor Japan has gone bankrupt.

And what is with the ownership of the land where Forest City is situated?  It is a reclaimed land; therefore, no part of mainland Johor was carved out to be “given to the Chinese.”  Johor has rights over the reclaimed land as accorded by the National Land Code, 1965 up to three nautical miles as given by Section 3(3) of the Territorial Sea Act, 2012.  Whether it is a freehold land or a leasehold land, Johor can always take it back, with provisions, under the Land Acquisition Act, 1960. Up to 12 nautical miles from the foreshore, the Malaysian flag flies no matter who holds the grant.

Mahathir recently said “I hope Forest City will truly become a forest… Its residents will consist of baboons (kera), monkeys (monyet) and so on”, fuelling unjustified fears among the people of Malaysia.

The Malaysia-China Kuantan Industrial Park (MCKIP) has MCKIP Sdn Bhd (MCKIPSB) as its Master Developer.  MCKIPSB is a 51:49 joint-venture between a Malaysian consortium and a China consortium.  In the Malaysian portion of the shareholding, IJM land holds 40 percent, Sime Darby Property 30 percent and the Pahang State Government holds the remaining 30 percent. Its twin sister, the China-Malaysia Qinzhou Industrial Park (CMQIP) in China is 49 percent owned by a Malaysian consortium (SP Setia Berhad and Rimbunan Hijau Group).

Going by Tun Dr Mahathir’s logic, has China just allowed Malaysia to colonise its land too?  Prior to this it allowed Singapore to colonise in two other areas, namely the China-Singapore Suzhou Industrial Park and the China-Singapore Tianjin Eco City.

As bleak as Sri Lanka may sound, Japan, Singapore and India have expressed interest in building infrastructure and setting up shop in Sri Lanka.  Even with much weaker economic fundamentals compared to Malaysia, Lolitha Abeysinghe of Opportunity Sri Lanka remains optimistic.

Over-dependence on any country for investments, technology, and markets could result in some adverse impacts on national interest in the long-run, but if managed properly with a futuristic vision, Sri Lanka can mitigate such adversity and reap the best benefits for the rural domestic economy in one of the least developed districts in Sri Lanka,” he said.

Malaysia has that vision but sadly some of its people would rather see everything fail in the name of politics.  The politics of baboons and monkeys.

 

 

 

Defence: The Funniest Multiple Launch Rocket Story

Malaysian Incite’s story on a Multi Launch Rocket System offer by China to Malaysia

Malaysian Incite today came up with another piece of hogwash (what’s new) on a supposed defence deal between Malaysia and China.

Up to 12 units of the AR3 multiple launch rocket system (MLRS) will be offered to Malaysia in a purchase programme with a loan period of 50 years,” wrote Malaysian Incite quoting an unnamed source (very credible this) believed by many local defence observers and writers to be a person with the surname of ‘Lam.’

50 YEARS?  This is just to rile up the stupid Opposition supporters who cannot distinguish the difference between the rain-unfriendly ASTRO DTU and the Army’s ASTROS II.  In just 30 years the ASTROS system has undergone so many upgrades and a new system called the ASTROS 2020 is already in development phase.  Do you mean Malaysia will be stuck with an obsolete system for half the system’s life and still has to pay for it?

Firstly, the Malaysian Army already has six batteries of the ASTROS II MLRS acquired in two batches in 2002 and 2007.  The ASTROS II are battle-proven and was first deployed during the Gulf War by the Saudi Arabian forces.  The obvious differences between the ASTROS II and the AR3 system that “China is offering” are the range of the rockets and the Guided Multiple Launch Rocket System (GMLRS) as opposed to the conventionally-targetted MLRS that the Malaysian Army employs.

Secondly, the timing of Malaysian Incite’s article on the MLRS coincides with Singapore’s National Day – and with Malaysian Incite being as bad as Malaysiakini (or is attempting to dethrone Malaysiakini as the bad boy portal), the best thing to do mid-week (which coincidetally happens to be Singapore’s National Day) is to create a sour point in the Malaysia-Singapore relations.

Thirdly, the MLRS is a offensive operations weapons system.  No one buys an MLRS unless someone next door has it first. In Malaysia’s case, Thailand became the first MLRS operator on this end of Asia.  So, we bought the ASTROS II.  Two years after we acquired the second batch, Singapore bought the US M-142 HIMARS.  Therefore, Singapore has no fear to add if Malaysia is given access to China’s AR3 as. if fired from Woodlands, the HIMARS would be able to hit Bangi and Kajang compared to the AR3 hitting Woodlands only if fired from Ayer Keroh.

Fourthly, a new MLRS is not something the Malaysian Army wants right now. It has other worries to address. It is adequately prepared to defend against land aggression and protect its infrastructure and fire units with its air defence systems if needed. As with Singapore, the asymmetrical threat is now the paramount concern, and instead of being concerned about fighting each other, Malaysia and Singapore are working closely (even with other countries) to combat asymmetrical threats.

Fifthly (yes, there is fifthly. It is just superfluous but more formal than fifth), being at the receiving end of a MLRS salvo is like being in a rain of steel and high explosives, saturation fire is the concept.  You don’t need it to be super-duper accurate because when the rockets hit the ground, there is nowhere safe that you can hide.  And what is this about the AR3 having a radar because airspace control issue has been a sore point between Malaysia and Singapore?  The AR3 is not designed to do air defence. It is a land-offensive system! It shoots targets on the surface, not in the air!

The Malaysian Incite tries to be scarily defence-savvy but sounds scarily stupid trying to sound intelligent

Finally, read Malaysian Incite only if you believe that China has the ability to remotely-control the AR3 that Malaysia “will be getting” to fire rockets at Singapore if Malaysia refuses to do so. The Malaysian Incite is definitely THE portal for empty-skulled sorry-excuse-for-human-beings.

I read this I so scare one lor! I scare oledi Singapore sure scare one mah!

If I were the Malaysian Army, and in a decade I want to replace my ASTROS II, I would probably get the ASTROS 2020 with the tactical missiles with a 300 kilometre range, if I really want such a system.  Else, I will look for a system with commonalities for easy operator transition.

And to add, Najib Razak does not go around making enemies with neighbours. We have had a lot of enemy-making for 22 years once upon a time.

Bila Cakap Macam K

Semalam si tua kutuk buat drama K. Dia cakap dia menangis sebab Proton dijual kepada orang asing. Dia mengibaratkan peristiwa tersebut bagaikan dia telah kehilangan seorang anak.

Untuk mendapatkan simpati mereka yang tiada berakal dia sanggup samakan diri beliau dengan Ahli Parlimen Pondan.

“I am a sissy.”


Sekali tu, sebuah laman Facebook telah mendedahkan bahawa si tua K itu lah yang telah memulakan proses penjualan anak sendiri tiga tahun lalu, iaitu semasa dia menjadi Pengerusi Proton.

Patutlah dia menangis. Tangisan kegembiraan rupa-rupanya.

Samggup jual anak sendiri dan salahkan orang lain.

Baca Dan Berlaku Adil

Saya menerima mesej yang ditularkan dalam salah satu grup WhatsApp seperti berikut:

*SEMBOYAN TELAH BERBUNYI!!! SEMUA VETERAN TENTERA BERSEDIA:* LAPORAN POLIS AKAN DIBUAT DI SELURUH NEGARA MEMBANTAH SEKERAS-KERASNYA HUBUNGAN YANG CUBA DIJALINKAN ANTARA PARTI UMNO DAN MCA DENGAN PARTI KOMUNIS CHINA (CPC). KITA VETERAN BERPERANG MENGHAPUSKAN KOMUNIS DARI TANAHAIR TERCINTA HINGGA RAMAI YG KEHILANGAN NYAWA, ANGGOTA BADAN DAN CEDERA KINI ADA PENGKHIANAT DI KALANGAN KITA CUBA MENJADI BUDAK SURUHAN KEPADA BEKAS MUSUH KITA. TAKKAN MEREKA SUDAH LUPA BAHAWA PARTI KOMUNIS MALAYA (PKM) DULU MENDAPAT SOKONGAN MORAL DAN MATERIAL DARI CPC. KITA BUKAN MENENTANG HUBUNGAN DAGANG DENGAN NEGARA CHINA TETAPI MEWUJUDKAN HUBUNGAN POLITIK DENGAN CPC SEHINGGA KE TAHAP MENGHANTAR ANGGOTA UNTUK DILATIH OLEH CPC ADALAH TINDAKAN MELANGGAR BATASAN DAN AMAT2 MENGGURIS HATI ANGGOTA TENTERA SAMADA YG MASIH BERKHIDMAT ATAU YG SUDAH BERHENTI. APAKAH PARTI2 PEMERINTAH SUDAH BEGITU TERDESAK MENCARI DANA UNTUK MEMBAYAR SEGALA HUTANG PIUTANG NEGARA YG SEMAKIN MENIMBUN AKIBAT SALAH TADBIR, KEBOROSAN DAN ROMPAKAN SIANG HARI TERHADAP HARTA NEGARA MELALUI SKANDAL-SKANDAL SEPERTI 1MDB, SRC DAN LAIN-LAIN SEHINGGA SANGGUP MENGGADAIKAN MARUAH DAN KEDAULATAN NEGARA DENGAN MENJALINKAN HUBUNGAN SONGSANG DENGAN PARTI KOMUNIS CHINA (CPC). SEBAGAI PERMULAAN SATU LAPORAN POLIS AKAN DIBUAT OLEH VETERAN DARI NGO PERTUBUHAN VETERAN PERWIRA NEGARA MALAYSIA (PVPNM) DIKETUAI PENGERUSINYA PEGAWAI WARAN (B) AZIZAN BIN SALLEH:


*TARIKH: 21 MEI 2017 (AHAD)*

*MASA: 10 PAGI*

*TEMPAT: IPD KEPALA BATAS, SPU, P. PINANG*


Sila berkumpul di Kedai Mamak bersebelahan Maybank Bertam bermula jam 9 pagi. Semua veteran dan rakyat Malaysia yg prihatin dijemput hadir. *Warna pakaian: Hitam*)
*Biar Putih Tulang Jangan Putih Mata*


Maklumat lanjut akan menyusul. Pertanyaan:

*AZIZAN MEMALI: 019-5673650*


http://www.malaysiakini.com/news/382421


http://www.malaysiakini.com/news/382531


# VIRALKAN DEMI NEGARA DAN ANAK CUCU TERCINTA

————————————————————

Lalu saya menjawab:

1. Jumlah pelaburan China di luar negara tahun 2015 berjumlah USD54.4 billion. USD38 billion sahaja di Eropah.
2. Lapan bulan pertama tahun 2016 ianya berjumlah USD61.7 billion.
3. Amerika Syarikat merupakan tempat pelaburan negeri China terbesar 2016 untuk dua tahun berturut-turut diikuti Hong Kong, Malaysia, Australia dan UK.
4. China merupakan pengimport kedua terbesar bagi barangan Malaysia.
5. China henti sokongan dari semua aspek terhadap Parti Komunis Malaya selepas lawatan Tun Razak pada tahun 1974. Ini mengakibatkan PKM dan Suara Revolusi Malaya berpindah dari Hunan ke Selatan Thai.
6. Usaha pertama untuk membuka perdagangan dan memperbaiki hubungan politik di antara Malaysia dan China adalah oleh Dr Mahathir pada bulan November 1985, 4 tahun 1 bulan sebelum perletakan senjata oleh PKM, selepas peristiwa berdarah Memali.
7. Hutang 1MDB tidak melibatkan wang negara. Semua hutang jangka pendek telah dilangsaikan dengan 1MDB membuat keuntungan USD2.5 billion.
8. Pembayaran kepada IPIC telah dibuat dan tiada hutang lagi.
9. Jumlah hutang jangkapanjang 1MDB dalam bentuk bond bernilai RM41.7 billion hanya perlu dibuat pada tahun 2022 dan 2039. Jumlah aset dalam pegangan 1MDB bernilai RM60 billion.
10. Sekiranya 1MDB tidak menjalankan sebarang perniagaan ia masih mampu membayar hutang jangkapanjangnya.
11. Hutang negara hendaklah dilihat dengan KDNK sekali. Sepertimana hutang kita berbanding pendapatan.
12. Kadar hutang negara berbanding KDNK pada tahun 2015 adalah 54.5%. Ini bermakna sekiranya (contoh) anda mempunyai pendapatan RM1000, hutang anda adalah RM545.
13. Berbanding tahun 1986 kadar hutang negara berbanding KDNK adalah 103.4%. Sebagai contoh jika anda menerima gaji RM1000 tetapi hutang anda adalah RM1034.
14. Singapura mempunyai kadar hutang negara berbanding KDNK sebanyak 106%, atau RM1060 sekiranya anda mempunyai pendapatan RM1000. Adakah Singapura juga akan bankrap?
15. Keadaan ekonomi pada hari ini adalah akibat kejatuhan harga minyak global yang menjejaskan banyak negara dan bukan Malaysia sahaja. Malah KDNK Malaysia adalah jauh lebih baik dari Singapura, UK, Australia, Amerika Syarikat, Brunei dan 142 lagi negara di dunia.
16. Berbalik kepada soal ideologi Komunis menular akibat Malaysia berbaik dengan China, adakah ini bermakna Amerika Syarikat, Australia dan UK juga bakal menjadi negara Komunis?
17. Kita kena lebih bijak berfikir dari mengutamakan emosi. Wahyu pertama Allah SWT menyuruh kita membaca dan Surah Al-Hujurat ayat 12 menyuruh kita menyelidik sebelum membuat kesimpulan.