Kelepetokrasi

KELEPET.

The word means hem or a fold on a piece of cloth or paper.  A Malay synonym would be ‘lipatan.’  To Lipat or to Kelepet would colloquially mean ‘to pillage.’

Malaysia Airlines Boeing 737-800

Malaysia Airlines has always been a favourite airline of mine.  The national flag carrier is THE symbol of Malaysia’s global reach.  However, the airline which roots can be traced back to 71 years ago has been suffering badly from an especially bad episode of mismanagement dating back from 1994.

Disguised under the New Economic Policy that was supposed to assist the Bumiputeras to be economically stronger, U-Turn Mahathir and financial henchman Daim Zainuddin selected several cronies to helm public-listed companies.  They include Amin Shah Omar Shah (who screwed up the Kedah-class NGPV programme) and Tajuddin Ramli (TR) who stripped Malaysia Airlines of its edge and finances.

TR took over Malaysia Airlines in 1994 through his company Naluri as instructed by U-Turn Mahathir and Daim, the year Jaffar Hussein resigned as the Governor of Bank Negara Malaysia after making a loss in the region of RM30 billion in US Dollars through foreign exchange gambling.

Malaysia Airlines was okay for about two years before crashing in 1997 with a net loss of RM259.85 million (RM426.15 million in today’s terms) from a net profit the year before of RM333.01 million (RM546.14 million in today’s terms).

Like the collosal losses of real money the nation had to absorb through the BMF as well as the BNM Forex scandals, U-Turn Mahathir and Daim saw it fit for Malaysia Airlines, or rather their crony Tajuddin Ramli, be bailed-out using, again, the rakyat’s money.

An infuriated Lim Kit Siang (thank you again, Uncle) released a press statement on the 20th February 2002 saying among others:

The Malaysian Airlines System (MAS) police report on January 9 and the police investigations into alleged million-ringgit  management irregularities at  the MAS  cargo division during   the tenure of  former MAS executive chairman and key shareholder Tan Sri Tajudin Ramli is  a most welcome  departure from the invariable past practice of government and  corporate cover-ups, especially  in government-owned or controlled companies, making Malaysia notorious as a country teeming with “heinous crimes without criminals” – starting with the infamous Bumiputra Malaysia Finance (BMF) scandal in the eighties. 

It has been reported that the alleged management irregularities centred on business arrangements between MAS and a Germany-based cargo handler controlled by Tajudin Ramli and focussed on contracts between MAS and ACL Advanced Cargo Logistic GmbH, a 60%-owned unit of Naluri Bhd., a listed Malaysian company in which Tajudin is the largest shareholder.  ACL operates a cargo facility in Hahn, Germany, that MAS in 1999 contracted to use as its global cargo hub.  

The management irregularities being investigated by the police can only be  the tip of an  iceberg as MAS has chalked up colossal debts of RM9.2 billion and accumulated losses of R2.5 billion, requiring repeated billion-ringgit bailouts at the public taxpayers’ expense – and the Malaysian public are entitled to demand a  full accountability as to how the national airline could end up as such a sick company, a national embarrassment and a burden on public coffers.  

It was reported that the management irregularities in the cargo division  were discovered in   an audit ordered by the government after taking control of MAS early last year  following  the scandalous RM1.79 billion buyback  bailout of Tajudin’s 29.09 per cent stake at RM8 a share when the market price was only RM3.68.

This raises the question as to why an audit was not conducted before the government’s  buyback  bailout of Tajudin’s MAS stake – which would have a very important bearing on the proper price of the government buyout. 

I am sure Uncle Ah Siang has not forgotten this episode too when he became pally with U-Turn Mahathir recently.  Surely the interest of the rakyat is paramount to the God of DAP.

Or is it still?

He continued:

On March 21 last year,  the then Finance Minister, Tun Daim Zainuddin, gave a long and most unsatisfactory reply in Parliament during question time to justify the buy-back bailout of  Tajudin’s MAS stake which took place under his watch, but he  failed to address or  answer the  two most important questions, viz:

  • Why no independent professional valuation was ever done when the government agreed to  pay Tajudin’s Naluri Bhd for the MAS stake at RM8  per share representing  a premium of  RM4.32 or 117 per cent over the closing market price at RM3.68 per share when the deal  was signed on 20th December 2000; and 
  • Why rules for the bail-out of companies established by the National Economic Action Council  in the “National Economic Recovery Plan” was violated and  Tajudin was not only spared from having to “take his appropriate hair-cuts” but was given a bonanza at taxpayers’ expense to reward for his mismanagement of MAS by  being given  117% premium for the  MAS shares over the  market price, transforming it into a personal rescue for Tajudin instead of a public rescue for MAS.  

The  current police investigations into management irregularities in MASkargo Sdn. Bhd. have again brought to the fore  the  questions concerning  prudence, propriety, responsibility,  integrity, accountability and transparency of the decision to use RM1.79 billion public funds for the buy-back bailout of Tajudin’s MAS stake.  

Last month, the government announced a RM6.1 billion MAS restructuring exercise involving assets sale to enable the national carrier to retire some of its debts and provide RM820 million as working capital, which is just a creative way for a second round of government bailout for the national airline.

Malaysia Airlines, Perwaja, Renong as well as other companies steered towards oblivion by their cronies had to be bailed out using the rakyat’s coffers, and not one person has ever been charged in a court of law for the breach of trust they committed.  This included Amin Shah Omar Shah who, prior to being given the contract to build our Navy’s vessels, had never built a single fishing boat!

Kit Siang the self-proclaimed rakyat’s champion as recent as 2012 stated in the DAP’s mouthpiece Roketkini that Mahathir cannot pretend to be ignorant of the MAS scandal.

In fact it as also reported that “Mahathir had his hand in getting Petronas to bail out his son Mirzan Mahathir’s shipping company, then Konsortium Perkapalan, which had trouble servicing US$490 million debt!”

(courtesy of Finance Twitter)
(courtesy of Finance Twitter)

Lim Kit Siang was so furious about the bailout of Konsortium Perkapalan using the rakyat’s money that on the 16th June 1998 he wrote:

But Mahathir should similarly give full co-operation to the Royal Commission of Inquiry into Nepotism, particularly as to whether there is any nepotism in the government, through Petronas, using hundreds of millions of ringgit of public funds to bail out Mirzan Mahathir’s Konsortium Perkapalan Bhd.

Just recently, a copy of a directive from the Ministry of Finance to Telekom Malaysia regarding a direct negotiation contract award totalling RM214.2 million to Mukhriz Mahathir’s OPCOM made its rounds on the Internet:

img_6640

A blog post by a Sup Torpedo wrote about this back in 2006:

Mahathir’s criticism of Scomi is justified. It has proved that Scomi does not garner very much government work and now that’s all open to scrutiny. Unlike a company called Opcom Sdn. Bhd. who had a direct nego approved by the Finance Ministry way back in 2003 when Mahathir was both Prime Minister and Finance Minister. The amount of the tender by Telekom Malaysia Berhad was two hundred and fourteen MILLION ringgit. The Ministry of Finance approved it, no doubt with the blessing of the then Finance Minister and Prime Minister, Tun Dr. Mahathir Mohamad.

Hey! What’s new?  If you look at the above letter, it was dated on the 7th October 2003.  The old fart stepped down as the Prime Minister and the Finance Minister on the 31st October 2003.

It was an eleventh-hour effort to enrich his kin – a true nepotistic egoist dictator who was afraid that money made during his 22-year dictatorship would not be enough to cover his grave.

Even in 2006, during the peak of the old fart’s attacks on his successor Abdullah Ahmad Badawi, observers such as Sup Torpedo could see that it was little about putting the interest of the rakyat ahead as compared to securing money for the Thousand-year Reich of his:

Don’t miss the wood for the trees. This fight that Mahathir got going on with Pak Lah is not about doing the right thing. It is at best about putting his old crony’s rice bowl firmly where the padi fields grow. At the very worst of motives might be the will to further advance Mukhriz’s political career and provide continuity to the old ways.

Again, what is new now? Virtually nothing, except for one little glaring fact: WHY IS UNCLE KIT SIANG SELLING HIS SOUL AND PUTTING HIS PERSONAL POLITICAL INTERESTS AHEAD OF THE RAKYAT’S BY MAKING A U-TURN ON HIS ATTACKS ON MAHATHIR?

A simple answer would be that he is nothing but the stinking, arrogant cow-dung for brain hypocrite he has always been.  Power is what he seeks for power ensures riches, just like his charged-for-corruption son.

And what of the rakyat then?

As the saying goes: “The meek shall inherit shit.”

The Bank Negara RM30 Billion Forex Losses Scandal

Kit Siang also published a book on the BNM Forex losses scandal
Kit Siang also published a book on the BNM Forex losses scandal

Yes. The year was 1994 when Lim Kit Siang found it ultra-important to publish a book on the Bank Negara Malaysia (BNM) foreign exchange scandal that caused the loss of RM30 billion (estimated to be at RM49 billion in today’s terms).

The book is called, as you would have guessed, ‘The Bank Negara RM30 Billion Forex Losses Scandal‘.

bnm-loss

The BNM forex scandal losses in 1991 made international headlines at the time, forcing the resignation of BNM’s governor Jaffar Hussein.

Again I should thank Kit Siang for writing all this, making it easier for me to see what he had written on the issues he raised in the past.

In 2004, Kit Siang called upon Nor Mohamed Yackop who then was sworn in as a Senator to become Finance Minister II to issue a White Paper on the matter.

Up to now, the government has failed to “come clean” on the colossal  Bank Negara forex losses  as a result of speculation in the international currency markets from 1992-1994, with the losses  cited as ranging from RM10 billion to RM30 billion. In Parliament in 1994, I had given reasons as to why the Bank Negara’s forex losses as a result of its forex speculation operations could have amounted to as high as RM30 billion, which had not been seriously rebutted by any top government leader or Bank Negara official,” he wrote on his blog limkitsiang.com.

In  April 1991, a   Reuter news agency report from London described Bank Negara as “a dominant force on the foreign exchange scene for some years” and it was  accused by some forex operators as “a market bully”.

The 1991 Reuter report states:

“Over the past two years it has stepped up its trading volume, and this year it has started dealing in what dealer described as ‘really massive amounts’… 

“Typically, Bank Negara operates in US$50 million lots, compared with the market norm of US$5 million or US$10 million and deals with maybe six major banks in Europe and six in New York, dealers said. 

“One trader said the only dealers rivaling Bank Negara would be the Japanese funds. But while these funds enter the market no more than once or twice a year, Bank Negara is coming in and doing yards (billions) of dollars a day. 

“”Its recent technique has been to hit major banks for US50 million each, then his them 10 minutes later, dealers said. 

“Then it changes centre, and does it all over again.” 

The April 1994 issue of Malaysian Business – one of the publications in the New Straits Times stable – reported  that Bank Negara’s maximum exposure in the foreign exchange markets reached as high as RM270 billion – three times the country’s GDP and more than five times the country’s foreign reserves at the time!

Kit Siang added that some Government leaders were wise after the event, and one of them was none other than Daim Zainuddin, under whose first tenure as Finance Minister from 1984-1991 the Bank Negara’s unorthodox forex speculation started, who said on April 4, 1994 that while those responsible for the huge forex losses of Bank Negara had accounted for their mistakes by resigning, central banks should never “play with fire” with such forex speculation.

It was Kit Siang who pointed out the irony.

In 1995, a book on international high finance, ‘The Vandal’s Crown‘ by Gregory J. Millman on Page 229 had this to say about the Bank Negara forex scandal:

“Using all the resources a central bank commands – privileged information, unlimited credit, regulatory power, and more – Malaysia’s Bank Negara became the most feared trader in the currency markets. By trading for profit, Bank Negara committed apostasy against the creed of central banking. Instead of working to ensure global financial stability, Bank Negara repeatedly shoved huge sums of money into the most vulnerable market situations in order to destabilize exchange rates for its own profit” (p.226) 

“(Bank) Negara operated behind a thick veil of secrecy. The bank seldom spoke publicly about its controversial trading activities. Yet it was increasingly clear to foreign exchange traders that Bank Negara’s operations in the foreign exchange markets went far beyond simple self-defense. It became the most awesome currency trader in the world.” (p. 227) 

“(Bank) Negara’s market manipulation was so egregrious that one American central banker said, ‘If they tried this on any organized exchange in the world, they’d go to jail.’ However, in the unregulated international currency markets, there were neither police nor jailers. The only rule was the rough justice of the vandals, and it was this rule that eventually brought (Bank) Negara down. 

“In 1992, (Bank) Negara took on a large pound sterling position, apparently expecting Britain to maintain the discipline required by the European Exchange Rate Mechanism. It was a bad economic and political judgement. (Bank) Negara lost approximately $3.6 billion when Britain withdrew from the ERM, letting sterling collapse. The next year, (Bank) Negara lost an additional $2.2 billion. By 1994, Bank Negara was technically insolvent and had to be bailed out by an infusion of fresh money from Malaysia’s finance ministry.”

Recently, Abdul Murad Khalid who was the Assistant Governor of BNM who resigned in 1999 revealed that the forex losses were in actual US Dollars and not in Malaysian Ringgit.

There was no control… The most important thing is that there was no investigation at all,” Murad was quoted as saying by NST.

Asked if the then Prime Minister knew about the losses, he replied: “I’m sure the governor briefed them.”

Kit Siang’s silence on this issue is indeed deafening.  The so-called champion of the rakyat now has his balls as wrinkled as his face is.  And all to achieve his personal political ambition.

In 1993, Anwar Ibrahim who was then the Finance Minister responded on behalf of his then-master, U-Turn Mahathir, to Kit Siang’s query on some “rumours about BNM losing money gambling forex“.

Anwar said that the rumour was not true at all.

When confronted, again by Kit Siang, a year later, Anwar said “the amount is not huge.”

The above engagements can be found in the Parliament Hansard.

After Murad’s revelation we know now that the amount is actually colossal.

We also know that U-Turn Mahathir as well as Daim Zainuddin were very much in the know of the losses.

And we know that Lim Kit Siang is just another opportunist snake manipulating the issue to gain support from the rakyat but now bats no eyelid to work hand-in-hand with his sworn enemy so he could come into power.

I am pretty sure he feels pleased looking at himself in the mirror every morning knowing he had blatantly lied to the people.

img_6536

wǔdǎyī!

Bila Otak Dah Mereput

Semalam, ketua songlap negara menyatakan bahawa pengambilan BR1M adalah merupakan suatu perbuatan rasuah dan adalah salah di sisi undang-undang.

Umum tahu walaupun pemberian BR1M itu bukankah suatu jumlah yang besar buat setiap individu namun sedikit-sebanyak ianya membantu menampung perbelanjaan terutamanya bagi golongan berpendapatan rendah.

Sebelum ini, subsidi yang dikeluarkan okeh kerajaan dinikmati oleh setiap rakyat Malaysia tanpa mengira kemampuan dan adalah merupakan suatu sistem yang kurang adil.

Setelah banyak subsidi dihapuskan, simpanan yang diperolehi kerajaan diberi kepada golongan sasar dalam bentuk BR1M dan lain-lain kemudahan.

Syarikat-syarikat besar yang selama ini mengelak dari pembayaran cukai pendapatan dengan cara mengaburi jumlah jualan kini tidak dapat lari dengan adanya GST. Kutipan GST juga membantu kerajaan mengalihkan punca pendapatan yang terlalu bergantung kepada industri minyak dan gas.

BR1M yang berjumlah RM5.3 bilion telah membantu seramai 7.4 juta orang dari golongan sasar. Jumlah tersebut juga telah membantu pacuan ekonomi melalui suntikan aliran tunai yang dibelanjakan oleh penerima BR1M.

Tidak hairanlah apabila kerajaan Arab Saudi baru-baru ini mengumumkan bantuan kewangan a la BR1M kepada golongan sasar di negara tersebut bagi membantu memacu ekonomi negara tersebut.


Arab Saudi juga telah mengambil langkah yang sama seperti Malaysia dengan menghapuskan subsidi dan memoerkenalkan skim bantuan kewangan bagi golongan berpendapatan rendah dan sederhana.

Adakah ini bermakna kerajaan Arab Saudi juga mengamalkan pemberian rasuah? Sudah tentu kenyataan ketua songlap negara itu menghina bukan sahaja kerajaan kedua-dua negara malah menghina golongan yang amat memerlukan bantuan tersebut.

Mungkin otak beliau sudah mula mereput akibat lanjut umur. Sebab itulah orang yang berumur lebih rendah dari beliau lebih banyak menghabiskan masa beribadah sebelum lupa diri dan hidup sia-sia menambah dosa.

And What If The Malays Unite?

The photo many feared most
The photo many feared most

Three years ago yesterday, I wrote about how more than a hundred Malays were slaughtered in just one night in the small village of Bekor.  Interesting to note is that the effort to kill the Malays was supported by a number of Malays:

” Shamsiah Pakih pakai baju kebaya putih datang kerumah mengajak Tok masuk komunis Tok tak mahu. Pada masa itu siapa yang tidak mahu masuk kominis akan di bunuh. Orang Bekor banyak terlibat dan berdosa kerana bersubahat dengan kominis dan membunuh orang melayu yang tidak mahu masuk kominis. ”

The above is an excerpt from this blog that I had quoted when writing about Bekor.

When Malaya gained independence in 1957, the Malays made up only 49 percent of the population of 6.835 million, a marginalised minority in their own land since the 1930s [Department of Statistics, Federation of Malaya 1957 – Population Census of the Federation of Malaya Report, No.14 by H.Fell].

Of course there was the Penang Hartal of November 1967 and subsequently the 13 May 1969 racial clashes. But by then, the Malays were more united than they were in the late 1940s.  Sadly, the Malays are no longer united and not only are they being attacked on anything that is Malay or Muslim by the other races but they are also being undermined by the likes of Rafizi Ramli, and Mahathir Mohamad.

And then came the opposition to the amendments of the Syariah Court (Criminal Jurisdiction) Act, 1965 dubber the ‘Hudud’ Bill, subsequently ‘Hadi’ Bill.  I wrote about how non-Muslims especially the President of MCA who, I assume being ill-advised by his ignorant adviser and MCA’s Religious Harmony Bureau Chairman Ti Lian Ker, decided to oppose the Bill for the sake of opposing, even after the clarification made by the UMNO President, Najib Razak, in a recent speech at the UMNO General  Assembly.

This resulted in UMNO delegates calling for the unity of Muslims to support the Bill, also known as the RUU355.  While Liow Tiong Lai calls the amendments ‘unconstitutional’ little does he realise that by interfering in the Muslims’ right to manage their own affairs, he is being unconstitutional.

I have seen little or no effort taken by MCA to understand the Bill, or to even explain the current government policies and efforts to assist the rakyat in times of need.  There may have been such efforts but they somehow have escaped my radar. If you go to the MCA’s Twitter account, between 21 October 2016 until its last post it has not made any effort to convey the correct message to its audience. Rather, topics on RUU355 are all negative.

Every single day be it on Facebook, Twitter or in comments to online news articles, you will see more often than not the non-Malays taking a swipe at every single effort by the government to make lives better.

The most aired ‘grouse’ is of the rising cost of living.  In his closing speech yesterday, Najib Razak stressed that in the seven years as the Prime Minister, he has never approved any application to have the price of 21 essential items like rice, flour, sugar and cooking gas to be increased.

img_3846

As a matter of fact you can see for yourselves the items which are zero-rated under the GST scheme.  If you find any increase in any of the prices of the listed goods, it is your duty to report it to the relevant agencies, especially the Ministry of Domestic Trade, Cooperatives and Consumerism.  You can download its Apps in Google Play or Apps Store and use the Apps instead of using the Internet to spread lies or complain to the general public where you will only make things worse instead of solving the problem!

Najib Razak also pointed out that to date 185 Kedai Rakyat 1Malaysia have been established to bring low-priced goods to the people.  So, don’t blame the government if you prefer to shop at Jaya Grocers, Cold Storage, Mercato or B.I.G. That is the choice that you have made, not the government’s.

The problem lies with the retailers.  And they will continue to fleece you for as long as you don’t report them.

The same also goes to medical treatments. There are 195 Klinik 1Malaysia established nationwide to date, 2,836 government clinics, 139 goverment hospitals, where you can seek treatment for as low as RM1.00!  I cannot understand why would anyone, especially kampung folks, seek treatment at private hospitals when they cannot afford it, then make pleas for donations from the public?

And you blame the government saying it does not provide affordable healthcare?

The most terrible whiners are those who go on saying the Ringgit is the worst performing currency that it is no longer accepted anywhere outside Malaysia.

On 31 October 2016, it was the British Pound that was the worst performing currency in the world.

http://www.independent.co.uk/news/business/news/pound-sterling-worst-performing-currency-world-brexit-a7388821.html
October 2016’s worst performing currency was the GBP – source: Bloomberg

It is no secret that the Ringgit has lost a percentage of its value against the Greenback since Trump’s victory over Hillary Clinton.  But are we really the worst in Asia?  Take a look at the performance of several Asian currencies versus the Greenback as on the 2nd December 2016:

https://www.bloomberg.com/markets/currencies/asia-pacific
Asian Pacific Currencies Performance – 2nd December 2016

While the Ringgit has dropped by 0.23% against the Greenback in the last two days, Singapore Dollar has dropped by 0.46% while the Japanese Yen dropped by 0.52%!

Do we see the JPY or SGD not being accepted in other countries?  Of course not. But the zombies refuse to believe this. Among this year’s worst performers (year-to-date) in East Asia are actually the Philipine Peso and China Yuan.

According to Twitter’s @econsmalaysia, since Trump’s victory the Japanese Yen has lost 9.1% of its value against the Greenback compared to 5.6% for the Ringgit. So pray tell how is the Ringgit the worst performing currency in Asia?

There seems to be nothing good to come out of anything a Malay would say or do, and any move made to strengthen Islam in this country is regarded by the non-Muslims, as unconstitutional or done not in consultation with the non-Muslims.  Since when does Article 11 of the Federal Constitution requires the management of affairs of one’s religion needs the accord of others?   Why are the other races not respecting the position of Islam as the Federation’s religion? Does this not reflect what was done to the Malays back in 1947 when the religion of the land was not respected by other races?

“The violation of the sanctity of Islam also became a factor in the bloody Sino-Malay conflict (WO 172/9773. No.30: 478) when the Bintang Tiga/CPM disrupted religious activities in Muslims places of worship.  This started in Batu Pahat, Johor, just before the surrender of the Japanese occupiers, during the Muslim month of Ramadhan.  Muslims were forbidden from congregating at mosques or suraus to perform the Terawih prayers (Hairi Abdullah, 1974/5: 8-9).

The same occurred in Perak and some parts of Batu Pahat where Muslims were gunned down and burnt together with the mosque they were in during Friday prayers.

Mosques and suraus were often used as places of meeting for the Chinese community (WO 172/9773, No.30: 478) and were tainted by incidents such as slaughtering of pigs, and mosques’ compound was used to cook pork, where Malays were forced to join the larger Chinese groups.

Pages were torn from the Quran to be used by the Chinese using these mosques as toilet paper.”

And you want to blame the Malays for wanting to unite?

UMNO 70 – Weary Or Youthful?

umno

UMNO is 70 this year.

Whether we like it or not, communal politics shall remain the main feature of Malaysian politics.  Although the Federal Constitution places Bahasa Malaysia as the official language and medium of instruction, MCA, MIC and other communal parties including the self-proclaimed multiracial party DAP will continue to fight for the existence of the vernacular schools which is among the reasons this country continues to produce an ever divisive society.

And although the Federal Constitution places Islam as the religion of this blessed nation and although the Federal Constitution also gives the right to for each religion to manage its own affairs, we get BN component parties questioning the Syariah Court (Criminal Jurisdiction) Act amendments which does not affect them and claims that it would lead to double jeopardy – a claim so ludicrous that it makes me wonder how these lawmakers even made it to Parliament not knowing that Article 121(1)(1A) of the Federal Constitution stated clearly that neither the High Court of Malaya and the High Court of Sabah and Sarawak have any jurisdiction in any matters that are within the jurisdiction of the Syariah Court.

And DAP as well as its puppets (PAN, Pribumi, PKR, BERSIH) will hitch a ride on this communal collision course to ensure that the wagon cannot be steered to safety.

The basic question that was raised during the Pemuda and Puteri meetings revolved around the rising cost of living.  Ridzuan Ahmad (Pemuda UMNO) from Negeri Sembilan quoted a makcik selling pisang goreng who lamented the rise of fuel prices as well as the smuggling of cooking oil to foreign countries that has caused the removal of subsidies. Norsarfinaz Mohd Azman (Puteri UMNO) of Pahang told the government not to sugar-coat the economic situation from the public.

While the questions above are valid questions, what has the Pemuda as well as Puteri UMNO delegates done to understand and explain things to the masses?

As a layman and a non-UMNO person, I can proudly say I have explained this better to the masses.  Therefore, I find it odd that even with a strong Information Machinery, Pemuda UMNO finds it difficult to explain to the masses about the benefits of the withdrawal of subsidies.  On the question of hoarding and smuggling of cooking oil, it is not an easy task to prevent smuggling.  Nevertheless, one cannot expect the government agencies to achieve success if the public does not cooperate in reporting such activities to them.

I don’t think the government has sugar-coated anything. In his Budget 2017 speech, Najib Razak spoke about the drastic reduction in earnings from the oil and gas industry.  This has been made up by the introduction of the GST which saw an increase in the number of businesses having to pay taxes to the government as opposed to them collecting tax from their customers but under-declare earnings to the government previously.  Furthermore, household essentials are mostly zero-rated items under the GST scheme thus there is no tax on most food items nor should it affect households.

If it does, then again it becomes the responsibility of the masses to assist government agencies by reporting such occurrence to them.  Has this been conveyed to the voters?

We can all whine about the cost of living but what have we, especially those in UMNO done, to actually come up with solutions to accompany the problems that they put forth to the party management?  Is it fair that the party management is given the burden to think of solutions but the whole party bathe in all the glory when a solution works without the participation of the grassroots?

Even the non-Malay and non-UMNO Miss Lim Sian See could explain things better than most!

Perhaps, in this final stretch before the 14th General Elections, party wings organise workshops on improving the standards of living rather than go on trips or exclusive makan-makan events.

However, on my Facebook this morning I received a message from a friend asking is the Ringgit really bad and are the rakyat truly suffering?  This was the message:

fullsizerender

UMNO party members should be more selfless.  I watched the commentary by one of the panelists on RTM1 just before Najib Razak delivered his speech and it was an interesting piece when he said the Opposition is more on the ground and stand on the a level platform as do the people in the rural areas, while UMNO members spend more time at high-end coffee places and surround themselves with ‘loyalists.’

Najib Razak also touched on this in his speech:

“Bercakap tentang tanda hormat, acknowledgement and respect terhadap Wanita ini, saya berasa begitu sayu dan tersentuh apabila mendengar cerita tentang wirawati-wirawati Wanita UMNO yang tidak didendang, namun telah berkorban jiwa dan raga demi kepentingan parti.

Kisah tauladan yang saya maksudkan, adalah tentang Puan Saridah binti Ibrahim, Nombor Ahli UMNO 01441342, Ketua Wanita Cawangan Bandar Baru Selayang, juga merangkap Ketua Penerangan Wanita Bahagian Selayang.

 

Beliau terlibat dalam kemalangan jalanraya sewaktu pulang dari berkempen untuk Barisan Nasional, semasa Pilihanraya Kecil DUN Kajang pada tahun 2014.

 

Sesungguhnya, saya berasa sungguh sebak dan terharu, melihat keadaan Puan Saridah kini… yang penuh semangat, walaupun dalam keadaan yang uzur, beliau sanggup hadir bersama kita.”

Such is one of the selfless acts that UMNO members should emulate.  Najib Razak rightfully gave respect to Wanita UMNO which forms the backbone of UMNO – with 1.3 million members from a total of 3.5 million members nationwide.  Pemuda UMNO has about 600,000 while Puteri UMNO has close to 400,000.

However, questioning the race of a GLC boss by a Wanita UMNO member, was not something smart.  Arul Kanda is not a Malay although he is a Muslim, but it is his expertise that is sought to handle GLCs in the manner that they should be.  We cannot just appoint someone just because he is a Malay and expect things to be rosy.  Look at FGV, for instance. I shan’t say more.

Najib Razak also pointed out on how the government has provided medical treatment to its people for next to free. Transformation Centres that run daily until 10pm.  And for the benefit of Ridzuan Ahmad and Norsarfinaz, the government provides RM200 in assistance per person for the 400,000 small-scale farmers and rubber tappers during the monsoon season.  On top of that, the 60,000 fishermen in Malaysia are being given a special allowance of between RM200 to RM300 per month for the whole year.  For padi farmers, RM1.3 billion is provided to subsidise the purchase of seedlings, fertilisers and price of rice to make them more competitive.

Yet, people still call the government zalim not knowing what the word really means.

The zalim are the ones who, when in office, make solemn oaths proclaiming Wallahi Watallahi Wabillahi which all literally mean ‘and by Allah.’  When they are sworn into office, in Parliament as cabinet members, they took an oath Wallahi Wabtallahi Wabillahi to protect government secrets and not disclose them to anyone under whatever circumstance; then as party leaders they swore Wallahi Watallahi Wabillahi to protect the sanctity of Islam as the religion of the Federation, and uphold the Malay rights as leaders of UMNO, yet when they fail to fulfil their self-interests, they leave the party and take sides with those who actually attack Islam and the Malay rights.

Those, as Najib Razak mentioned in his speech, are munafiks (hypocrites).

At 70, UMNO is still young. It shall remain youthful for as long as it is able to draw the support of the younger generation and continues to not only listen to grouses but able to provide solutions as well as explain well to the masses.  It is those weary ones, who from the start never align their aspirations with that of UMNO’s (putting self-interest forward) who will cause UMNO to feel weary.

These are the people who would just dump everything, leave, and then attack UMNO out of frustration.

As Najib Razak quoted of the national literary figure Usman Awang and the Melayu-Riau literary figure Tenas Affendy at the beginning of his speech:

Melayu itu orang yang bijaksana,

Budi bahasanya tidak terkira,

Kurang ajarnya masih beralas dan bersantun,

Kalau berkelahi biarlah cara Melayu,

Kalau menikam pula, pun dengan berpantun,

Walau menyanggah dikuntum senyum.

Kalau merayu dan meminta,

Hendaklah pada yang kasih dan sudi memberi.

Mencontoh biarlah pada yang senonoh,

Berteladan pada yang sepadan.

Adil menjadi hakim,

Amanah dalam bersumpah,

Sekalipun begitu,… walau watak Melayu menolak permusuhan, setia dan sabar tiada sempadan,…

biar berkecai tulang,… hatta hancurnya badan,…

pantang pendekar, meninggalkan gelanggang!!!

 

Tersepitnya Orang Melayu

Orang Melayu kian tersepit. Kos sara hidup menggunung. Itulah rintihan yang sering saya dengar saban hari.

Saya bersembang dengan seorang rakan yang mengendalikan pengoperasian sebuah syarikat penerbangan. Menurutnya, permintaan untuk tempat duduk dalam pesawat untuk pergi menunaikan Umrah berjumlah 1,500 kerusi setiap hari.

Jikalau kita tolak 10 hari untuk Hari Raya Aidil Adha dan 40 hari untuk musim Haji, kita ada 315 hari setahun untuk menunaikan ibadah Umrah. Ini menjadikan jumlah orang Melayu yang pergi menunaikan ibadah Umrah seramai 450,000 orang setahun.

Sekiranya setiap dari 450,000 orang ini pergi dengan pakej termurah yang purata harga pakej sebanyak RM5,000 seorang, maka orang Melayu dari Malaysia membelanjakan sebanyak RM2.25 billion setahun membeli pakej Umrah. Jumlah ini tidak termasuk perbelanjaan tambahan seperti membeli ayam goreng Al-Baik sebagai makanan tambahan, minyak atar, sejadah, jubah, tasbih dan lain-lain untuk kegunaan sendiri atau saudara-mara rakan-taulan, atau cokelat kurma di Pasaraya Dawood.

Begitulah tersepitnya orang Melayu. Ini belum cerita mengenai beg LV yang dibeli di Malaysia untuk dibawa ke pejabat, bercuti di Korea, baby shower, bachelor party, iPhone terbaharu, kopi di kedai kopi hipster dan reload prepaid untuk data agar boleh meroyan di Internet menceritakan betapa terhimpitnya mereka ini.

Saya amat mengasihani keadaan mereka seperti seekor ikan yang sayang akan pasir di pantai.

Sinking the Mamak’s Tongkang

mamaktongkang
Indian seamen being rescued from a sinking vessel. This has nothing to do with this article but it shows the desperation

Every time I read Mahathir’s postings on his blog, I would imagine him writing it himself and then pass it to probably his trusted aide, Sufi, to do some research and fill in the blanks before passing it back to him for the final touch before the article is posted at chedet.cc.  The URL used to be chedet.com if I am not mistaken but due to some dispute with the previous administrators the URL is now the current one. The administrators, while working for him, displayed their support for another contender for the Ketua Pemuda UMNO post instead of for Mahathir’s son, Mukhriz.  Anyhow, the contender they supported lost the race, and so did Mukhriz.  Mahathir was furious when he found out that they did not support his son and as the story goes, the two quit without ever disclosing the password for chedet.com.

I have never worked for Mahathir or for any other politician for that matter. I just write whatever I feel like writing. But I don’t have the same privilege that is someone to do the research for me. So when I read his latest post The 2017 Budget I felt disappointed that the research done was just as good as mine if not worse.

Mahathir wrote:

5. Why will the Government not have the money? It is because Government money is not used for good governance, for the development of the country and the well-being of the people.

This is like shooting blanks. The East Coast Highway began construction in 2001.  The project was first announced in 1994 for a new highway that would stretch from Karak to Kuala Terengganu but construction was delayed due to the Asian Financial Crisis. When construction commenced, the highway was shortened to only Kuantan as a lesson by Mahathir to the people of Terengganu whom had voted PAS instead in 1999.  You should remember what I wrote in a previous article on how vindictive Mahathir was towards the people of Kelantan and Terengganu for their support for PAS then.  So, Mahathir too never spent money for the well-being of the people.  Only his cronies prospered whenever projects are implemented.

The 11th Malaysia Plan has lined up many projects that would benefit the youth, the handicapped, the minorities and those who live in traditional villages.  Three pilot projects will be implemented for the youths under the 1Malaysia Youth City program in the Peninsular, Sabah and Sarawak.  For children between the age of 13 and 18 residing in welfare institutions they would be given the opportunity to undergo the Technical Vocational Education Training (TVET) to provide them with skill sets for them to face the world when they become independent.  A micro-credit scheme would be introduced to the Chinese community under the Chinese New Villages Special Loan Scheme program while a blueprint for the betterment of the Indian community will be prepared.

Six new hospitals will be built while three hospitals namely the Tawau, Kota Marudu and Miri Hospitals would be upgraded.  As it is, the Sri Aman Hospital would be completed as soon as possible. On top of that, 165 new Klinik 1Malaysia will be built nationwide to provide basic medical care for those in the rural areas.

Unlike under Mahathir, the Pan-Borneo highway that has begun construction will be toll free. Mahathir had had to make the people pay for the construction of highways despite claiming that the government had much more money under his administration and we in KL especially are still paying for the sins of Mahathir in the form of extended toll concessions to his cronies.  And for 22 years the people of Sabah and Sarawak had to endure endless ferry rides to get from one place to another while bridges have been and are being built under Najib’s administration despite not having any money as claimed by Mahathir. AND NO TOLL EITHER!

More Mass Rail Transit and proper extension of the Light Rail Transit to benefit the people in the Klang Valley have and are being constructed as compared to the time under Mahathir’s 22 years when the government seemingly had more money.  Double-tracking rail project, High-Speed Rail project and most recent was the announcement on the new East Coast Rail Link that would benefit the people of the very region Mahathir hated very much.

So where was your good governance or your concern for the well-being of the people back then?

Mahathir Wrote:

7. For this the Prime Minister has created sinecure jobs for a lot of loyalists. There are now nine Ministers, three Deputy Ministers in the Prime Minister’s Department.

8. There are now 51 divisions in the Prime Minister’s Department. The budget allocation for the Prime Minister’s Department has risen from RM5.2 billion in 2000 to RM20 billion in 2016, a four folds rise. It is 13 per cent of the 2016 budget of RM267 billion. It was less than four per cent between 2000 and 2008.

The Prime Minister’s Department is being run by the Chief Secretary to the Government. It now includes agencies that were not there during Mahathir’s time such as the Malaysian Maritime Enforcement Agency (MMEA/APMM) whose jurisdiction goes beyond the 12-nautical mile statutory limit of most of our Acts, enforces the EEZ but is not under the Ministry of Defence as it is not a military force. So who is to look after the development and the legislative requirements of the agency if not a Minister? The same goes for the Eastern Sabah Security Command (ESSCOM) which looks after the security of Sabah’s east coast from intrusion by foreign paramilitary units.  The Malaysian Islamic Development Department (JAKIM) also falls under the purview of the Prime Minister’s Department and that has to be headed by a Minister as given by the Act.  The Istana Negara, the Parliament, the Malaysian Anti Corruption Commission, the Elections Commission, the Economic Planing Unit, they all come under the purview of the Prime Minister’s Department.  Not forgetting Mahathir’s own Secretariat Office for the Former Prime Minister Tun Dr Mahathir Mohamad which did not exist prior to his resignation as the Prime Minister.  So is he complaining about the budget that the Prime Minister’s Department is giving his people so they can write lies and bite the hand that feeds them?  Maybe Mahathir’s cook needs to be pulled out. I don’t know what has the cook been feeding the old man that his mind has gone from that of a statesman to that of an estate’s man.

Mahathir Wrote:

10. Under BR1M, 7 million people got initially RM500 each. Now they are promised RM1,000. There will be more increases next year. 

11. At RM500 it will cost the Government RM3.5 billion. At RM1,000 it will cost RM7 billion.

12. Perhaps the very poor would benefit but for most of the recipients RM500 for a year is meaningless. The better thing to do is to give the really needy, the hard core poor sufficient monthly allowances to support their lives. For the rest create jobs and train them. But the Government is not encouraging job creation. Local industries are not supported. But imports are encouraged.

RM7 billion it would cost the government to give out BR1M.

BR1M would be chicken-feed for Mahathir. His cronies spend RM1,000 at Chawan in front of Bangsar Village or at the Bangsar Shopping Centre to feed his bloggers.

It may be a one-off thing but that means a staggering amount of RM7 billion gets circulated in the economy.  Being a layman my understanding of that would be that when there is more money in circulation, jobs are being created as people have more spending power. At RM500 or RM1,000 per person it may not seem much, but by having that extra money to spend encourages spending. Purchases will be made, demand is created, production needs to be increased, more business opportunities for new industrial players, and therefore more jobs are created.

It may not matter to Mahathir that it increases the disposable income of the lower income groups; it boosts consumer sentiments as it increases domestic consumption – the higher the amount of BR1M, the higher the domestic spending.  With subsidy cuts and spending more on BR1M Malaysia’s deficit has been reduced with a much larger chunk of the economic wealth going to those who need it the most.

And under the 11th Malaysia Plan the government is committed towards having 11,000 physically-challenged individuals to work for the government while in the five economic corridors in the Peninsular, Sabah and Sarawak alone 470,000 jobs will be created.

Mahathir Wrote:

19. The level of borrowings by the Government has reached record levels. Future generations will have to pay these loans.

20. All these will not show up in the budget. But the people will know as they struggle to make ends meet.

Singapore has a US$1.76 Trillion external debt with a Debt to GDP ratio of 106%.  Our debt stands at RM630.5 billion (US$150.6 billion) while our GDP is at RM1.157 Trillion (US$276 billion) making our Debt to GDP ration 54.5%.  If Singapore is not panicking then why should we?

In fact, if we compare the first seven years of Mahathir’s administration against Najib’s we can see that we should have gone bankrupt (in the words of Mahathir’s lackey Kadir Jasin) when our Debt to GDP ratio was well over 100% for two years in a row!

screen-shot-2016-10-19-at-17-04-44
Mahathir’s First Seven Years (1981-1987) with Hussein Onn’s Debt to GDP ratio in 1980 at 44% only

We could see that not only debt had increased during Mahathir’s first seven years, GDP also fluctuated and was at its highest point in 1987 yet debt was much higher!

Compare that to Najib’s first seven years and we can see

Screen Shot 2016-10-19 at 17.05.42.png
Najib’s First Seven Years despite the slump in oil prices in 2014 has seen an increase in GDP

As a matter of fact, the bad performance of Debt to GDP ratio during the 1986-1987 period under Mahathir was not the only time when the economy was in a critical situation going by Kadir Jasin’s definition, the country’s GDP was at negative 7% when Mahathir carried the country through the Asian Financial Crisis in 1998 – which was worse than when Tun Abdullah Ahmad Badawi ran the country during the Global Financial Crisis in 2008 which was at negative 1.5%!

So is Malaysia on the verge of bankruptcy?  “Although we were faced with the drastic fall in global crude oil prices in 2015/2016, which caused the government to lose more than RM30 billion in revenue, the country still recorded a positive economic growth which was 6% in 2014, 5% in 2015 and 4.1% in 2016 (6 months),” said Second Finance Minister Datuk Johari Abdul Ghani.

And despite losing that much revenue, the government could still finance its projects – thank you in large to the implementation of the GST which has allowed the government to have an alternative source of income and reduce the dependency on the the price of oil. To add the strawberry on top of that cake is that the inflation rate of 3.43% upon the implementation of the GST program has been reduced to less than 2% this year.


Perhaps Mahathir ought to fire whoever it was who helped research for that article of his.  Such a waste of allocation from the Prime Minister’s Department.  Seriously!

Oh! Why such a title for this posting?  Let me quote this rather amusing blog post:

Melayu Celup

Small in numbers, about 5% of the total Mamak population but rather loud and “glaring”. Though mostly from the 3rd Graded colony, they have graduated well and have an ability of a Chameleon (or think they can) with the Malays. Some examples of these low dignity Melayu Celups are Ahmad Rizal Naina Merican, Sheik Hussein Mydin and Zambry Kadir carrying the Mamak trade mark glaringly. But if they are lucky they will look like the controversial Sharifah Zobra or Mahathir Mohamed. Let me give you a secret, any names that ends with Naina, Kadir, Mydin, Merican, Pakir, Jabeen, Shaik, Mubarakh, Mohammad (no reference to the Prophet Mohamed S.A.W.) are downright, flat out, no doubt, true blue Mamak Tongkang or the immediate descendant’s.

I think the Mamak’s tongkang has just been sunk.

Bloomberg Forecasts Malaysia To Have Among The Highest GDP Growth In 2016

To the naysayers, Bloomberg has been paid to say the following by the near-bankrupted Malaysia:

Table shows Bloomberg’s forecast GDP for the world economies.
Malaysia is forecast to have the world’s 13th highest GDP growth in 2016 with a 10% chance of recession.
Bloomberg predicts the top 6 worst performing economies to be Venezuela, Brazil. Greece, Russia, Ecuador and Argentina.
They also expect DAP favorites Taiwan and Ukraine to have a 50% chance of recession.
They also predict that countries like the USA, Canada, South Korea, UK, Australia, New Zealand, the entire Eurozone to have a higher chance of being in recession than Malaysia.
Despite oil prices dropping 75% from USD110 to around USD30 per barrel, Malaysia is still not going bankrupt or any nearer to becoming a failed state at all.
In fact, we will continue to grow in 2016 – and at 13th highest too.
Or maybe Bloomberg (which was correct in its prediction for Malaysia’s 2015 GDP growth) is a crony too.

http://www.bloomberg.com/news/articles/2016-01-11/meet-2016-s-worst-economic-performers-flirting-with-disaster

  

Wahid Omar On TPPA

  

KENYATAAN DATO SRI ABDUL WAHID OMAR BERHUBUNG INSIDEN DI FORUM BANTAH TPPA
Assalam rakan2.

Pada hari Sabtu 9 Januari 2016, saya telah hadir di Sidang Kemuncak TPPA anjuran Bantah TPPA & Kongres Rakyat di IDCC, Shah Alam. Saya mendaftar secara online hari sebelumnya setelah mendapat persetujuan Tok Pa yang turut menghantar beberapa pegawai MITI. Tok Pa berada di Pulau Pinang untuk program penerangan TPPA.

Tujuan kehadiran saya adalah untuk mendengar sendiri isu2 yang dibangkitkan oleh ahli2 panel yang terdiri daripada Saudara Nizam Mahshar, Cikgu Azmi, Prof Gurdial Singh & Pn Chee Yoke Ling sementara moderator adalah Saudara Rizal Jaafar. YABhg Tun Dr Mahathir turut hadir tetapi tidak memberikan ucaptama kerana kurang sihat. Kita doakan agar Tun segera sembuh.

Sidang dibuka oleh Saudara Azlan Awang MTEM. Saya sampai jam 8.50am kerana poster sidang menyatakan acara diadakan 9.00am-1.00pm. Setelah sampai barulah saya diberitahu bahawa Majlis dijadualkan hanya bermula 10.00am. Silap saya kerana tidak mendapat pengesahan waktu. Walaubagaimanapun Majlis hanya bermula 10.30am setelah ketibaan Tun.

Pelbagai isu telah dibangkitkan termasuklah kajian kos dan manfaat, soalan mengapa perlu tergesa-gesa, rundingan sulit, perlindungan harta intelek, kemungkinan kenaikan kos ubat, kedaulatan negara, perolehan Kerajaan, syarikat milik Kerajaan & kepentingan Bumiputera.

Saya berpendapat banyak kebimbangan atau kegusaran mereka tidak benar. Sebagai contoh, ada yang menyatakan kedaulatan negara tergadai sehingga Kerajaan negeri akan kehilangan kuasa untuk menetapkan syarat2 penukaran kegunaan tanah, sehingga menghalang negara untuk menetapkan piawaian halal dan sehingga TPPA mengatasi Perlembagaan Persekutuan. Ini tidak benar. Antara lain, Artikel 4(1) Perlembagaan Persekutuan memperuntukkan “Perlembagaan ini ialah undang-undang utama Persekutuan dan apa-apa undang-undang yang diluluskan selepas Hari Merdeka yang tidak selaras dengan Perlembagaan ini adalah tidak sah setakat ketidakselarasan itu.“.

Ada juga yang membangkitkan kebimbangan tentang peruntukan mekanisma penyelesaian pertikaian Pelabur-Negara (ISDS mechanism). Sebenarnya mekanisma ISDS melalui tribunal arbitrasi antarabangsa telah lama digunakan. Saya sendiri pernah terlibat ketika menerajui Telekom Malaysia (TM) tahun 2004-2008 dimana TM telah memfailkan kes ‘expropriation’ terhadap Kerajaan Ghana yang telah melanggar perjanjian dan mengambil alih penguasaan Lembaga Pengarah & pengurusan syarikat Ghana Telecommunications daripada TM setelah pertukaran Kerajaan dimana Presiden Kufour telah menggantikan Presiden Rawlings. Proses arbitrasi tersebut telah mendorong Kerajaan Ghana menyelesaikan pertikaian dan memberi pampasan setimpal kepada TM. Walaupun peruntukan ISDS dalam TPPA ini akan mengikat Kerajaan, tuntutan akan hanya berkuatkuasa setelah proses perundingan selama 6 bulan dijalankan sebelum dirujuk ke tribunal arbitrasi antarabangsa. Ia juga akan memberi perlindungan kepada syarikat2 Malaysia yang kini telah melabur lebih RM600 billion ke luar negara termasuklah dalam negara2 TPP.

Balik ke prosiding Sidang Kemuncak TPPA, setelah panel selesai membuat pembentangan, saya telah memohon untuk bercakap dan memberi sedikit pencerahan. Malangnya permintaan saya ditolak atas sebab kesuntukan masa. Setelah beberapa kali mengulang permintaan, akhirnya saya akur dengan keputusan penganjur. Kita perlu hormat majlis orang.

Izinkan saya menyentuh 3 perkara iaitu isu Penjajahan, Kos dan Manfaat dan isu Rundingan Perjanjian.

1. Penjajahan : Perjanjian TPPA melibatkan 12 buah negara iaitu 5 dari benua Amerika (Amerika Syarikat, Kanada, Mexico, Peru & Chile), 4 dari ASEAN (Malaysia, Singapura, Brunei & Vietnam) dan 3 dari Pasifik (Jepun, Australia & New Zealand). Tiada negara yang dipaksa untuk menyertai TPP. Semuanya termasuk Malaysia menyertai TPP kerana percaya akan manfaat bersama (mutual benefits) yang bakal dinikmati. Malaysia sedar kita merupakan negara kecil dengan penduduk seramai hanya 31 juta dan saiz KDNK (GDP) sekitar USD300 billion. Sebab itulah kita menjuarai penubuhan Komuniti Ekonomi ASEAN bermula 31 Disember 2015 yang membolehkan saiz pasaran kita berkembang menjadi 620 juta penduduk & saiz KDNK USD2.5 trillion. Dengan menyertai TPP, saiz pasaran akan lebih meluas lagi dengan jumlah penduduk 800 juta & saiz KDNK USD27.5 trillion iaitu 40% daripada saiz ekonomi dunia.

2. Kos dan Manfaat : Dalam menyertai mana2 blok atau perjanjian perdagangan, memang ada kos dan ada manfaatnya. Selain analisa dalaman, Kerajaan telah meminta Institut Kajian Strategi & Antarabangsa (ISIS) untuk melaksanakan Analisa Kepentingan Nasional dan PriceWaterhouse Coopers (PWC) untuk melaksanakan Kajian Kos & Manfaat. ISIS telah membuat kesimpulan bahawa penyertaan Malaysia dalam TPP adalah demi kepentingan negara. Manakala PWC membuat kesimpulan TPPA bakal memberikan manfaat bersih kepada ekonomi Malaysia dengan potensi peningkatan ekonomi atau KDNK antara USD107-211 billion dalam jangkamassa 2018-2027 atau peningkatan 0.60%-1.15% pada tahun 2027.

Bank Dunia juga dalam lapuran ‘Global Economic Prospects January 2016’ mereka telah menyentuh tentang potensi implikasi ekonomi makro TPP dalam mukasurat 219-233. Antara lain, Bank Dunia telah menyatakan bahawa Vietnam & Malaysia adalah antara negara TPP yang bakal menikmati manfaat terbanyak dengan peningkatan KDNK masing2 sebanyak 10% dan 8% menjelang tahun 2030. Peningkatan ekonomi yang berterusan akan membolehkan rakyat mendapat peluang perniagaan dan pekerjaan yang lebih baik yang seterusnya akan meningkatkan pendapatan isirumah rakyat Malaysia. Jadi berdasarkan kajian yang telah dijalankan, adalah jelas bahawa penyertaan Malaysia dalam TPP lebih mendatangkan manfaat.

3. Rundingan Perjanjian : Sejak awal lagi Perdana Menteri telah memberi jaminan bahawa Malaysia hanya akan menyertai TPP atas terma-terma yang boleh kita terima. Saya, DS Ahmad Husni & DS Idris Jala adalah antara menteri-menteri ekonomi yang telah membantu Tok Pa dalam rundingan TPPA. Penglibatan saya bermula 2 tahun lalu setelah menyertai Kabinet.

Memang sukar untuk memuktamadkan perjanjian sebesar ini yang melibatkan negara2 kuasa besar. Pelbagai usaha telah dibuat untuk memastikan pihak AS memahami kedudukan & keperluan Malaysia. Ini termasuk mengadakan sesi penerangan kepada Wakil Perdagangan AS tentang polisi Bumiputera & peranan syarikat2 berkaitan Kerajaan. Saya percaya Tok Pa & pasukan MITI dengan sokongan lain2 Kementerian & agensi telah membuat yang terbaik mendapatkan terma-terma yang perlu untuk memelihara kepentingan negara. Ini termasuk pengiktirafan polisi Bumiputera dalam perjanjian TPP.

Perkara ini tercapai kerana Malaysia telah menyertai rundingan awal. Sekiranya Malaysia tidak termasuk dalam senarai 12 negara awal TPP, Malaysia akan terpaksa menerima terma-terma perjanjian sedia ada kemudian. Kemungkinan ini adalah benar (real) kerana 3 buah negara ASEAN lain iaitu Indonesia, Thailand & Filipina telah menyatakan hasrat mereka untuk menyertai TPP selepas ini. Akhir sekali, Kerajaan akan membentangkan perjanjian TPP untuk kelulusan Dewan Rakyat pada 26&27 Januari dan Dewan Negara pada 28 Januari. Apa juga kegelisahan atau kebimbangan boleh diutarakan oleh Ahli2 Parlimen dan akan dijawab oleh Tok Pa pada sesi Parlimen tersebut.

Marilah kita bersikap membina & bersiap sedia untuk memastikan syarikat2 & rakyat kita dapat memanfaatkan TPPA yang bakal kita tandatangani setelah kelulusan Parlimen nanti. Terima kasih.
Abdul Wahid Omar

10.01.16.

RM623.3 billion… AND FALLING!

  
One look at the headline above and the untrained mind would scream in panic.

However…

According to a parliament answer by Deputy Finance Minister Johari, as at end Sept 30, 2015 our govt debt is now at RM623.3 billion, which is 50.7% of GDP – dropping from 52.8% (RM568,8 billion at June 30, 2014) and 54.7% (RM547.6 billion as at end 2013).

Our debt has increased but our country’s GDP (our national income) has increased much faster due to our steady GDP growth – hence the sizeable drop in the Debt to GDP ratio.
At 50.7% Debt to GDP ratio, according to the CIA fact-book, more than 70 other countries in the world will have to go bankrupt before it reaches our turn.
These countries include: Japan Zimbabwe Greece Lebanon Jamaica Italy Portugal Eritrea Cabo Verde Grenada Ireland Cyprus Belgium Singapore Barbados Spain Puerto Rico France Canada Egypt Bhutan Jordan Antigua And Barbuda United Kingdom Iceland Croatia Austria Saint Kitts And Nevis Belize Saint Lucia Hungary United States Germany Morocco Sudan Albania Sri Lanka Ghana Ukraine Dominica Serbia Sao Tome And Principe Netherlands Malta Aruba Saint Vincent And The Grenadines Israel Seychelles Pakistan Guyana Uruguay El Salvador Mauritius Slovenia Malawi Mozambique Montenegro Finland Brazil Bahamas, The Yemen Costa Rica Slovakia Senegal Vietnam Venezuela India Marshall Islands Syria 
The steady drop in our Debt-To-GDP ratio is due to our shrinking yearly budget deficits which have been reducing every year to only 3.2% this year and targeted at 3.1% next year.

The federal government debt as of Sept 30 this year was at RM623.3 billion, said Deputy Finance Minister Johari Abdul Ghani.

“Of this amount, 96.4 percent or RM601.1 billion was domestic debt, with the balance of RM22.2 billion or 3.6 percent being offshore loans in various denominations of currency.
“The government debt is manageable and categorised as a country with moderate indebtedness,” he told the Dewan Rakyat today.
He said this in response to a question from Ahmad Hamzah (BN-Jasin) who asked for clarification from the finance minister on the federal government debt.
Johari said the level of the federal government debt for the stated period to the Gross Domestic Product (GDP) was 50.7 percent.
—-
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html
http://www.malaysiakini.com/news/322001
http://www.themalaysianinsider.com/bahasa/article/hutang-negara-rm568.9-bilion-atau-52.8-daripada-kdnk