Wednesday, October 29, 2008
In an exclusive, Malaysiakini reports today, here, that a six-member team from the accounting firm of PricewaterhouseCoopers (PWC) has begun auditing the controversial RM4.6 billion ‘soft loan’ provided by the government to Port Klang Free Zone (PKFZ), according to Klang Port Authority chairman Lee Hwa Beng. The assignment is expected to be completed by the end of the year.
Weathering the financial crisis: Malaysia rated among ‘most risky’
Written by Straits Times (Singapore)
Published by The Malaysian Insider
October 29, 2008
SINGAPORE, Oct 29 – Malaysia is rated as “high risk” while Singapore is well-positioned to weather the economic slowdown because of its political and social stability, says Hong Kong-based Political & Economic Risk Consultancy.
Its analysts ranked Singapore as having the least political and social risks next year among 16 territories in Asia-Pacific, according to a summary of its 87-page report released to the media yesterday. Malaysia, Thailand and India were ranked as the most risky because of internal developments.
ESSAY SERIES: Social Contract and National Unity (III)
We continue the Essay Series today with two articles, the first from The Nut Graph, which features several interviewees who are of similar observation that nowhere in the Federal Constituion is stated the term “Social Contract” and that it was/is mainly an UMNO construct to serve certain political interests for the covenience of a minority … Read more
PENYAKIT TUA? NO, IT’S ALZHEIMER’S DISEASE!
document.write(parent.prscreen) By Yong Thye Chong aka Kim Quek October 25, 2008. Former deputy prime minister Musa Hitam shrewdly diagnosed the multiple deadly diseases afflicting the ailing UMNO when he talked to the press after launching a forum on Oct 22. He said the party is “too introverted???, its leaders pre-occupied with self-interests and oblivious … Read more
Money Politics
Wednesday, October 22, 2008
No less than UMNO veteran and foreign minister Rais Yatim has confimed that “the majority” of UMNO members were more interested in making money out of the election than in voting for the right person. (Read the Malaysiakini report, here). He said he had been asked to pay for votes in an upcoming contest for top posts, and warned that money politics would destroy the organisation.
BN bully and beggar’s beef
By Helen Ang The accusation ‘Umno bully’ saw both sides dancing with shadows, one defending and the other denying the charge. Just-retired MCA chief Ong Ka Ting made the allegation by invoking perception. Ong said in his keynote address on Saturday that many people perceive power-sharing by BN to be neither effective nor fair, and … Read more
The Social Contract: What Next
Opinion by Dr. Lim Teck Ghee, ???The Social Contract: What Next???. The statement released by the Conference of Rulers following their 215th meeting needs to be scrutinized in terms of what has recently happened and who has been responsible for precipitating the current situation of racial and religious disquiet which has resulted in that unusual … Read more
playin’ solitaire wit’ thy mind
Written by YL Chong
Posted by Desiderata-YL Chong
Tuesday, October 21, 2008
the government is promoting vice
as opposed to wisdom
bending a citizen’s mind
to its ill will
when its mandate is to safeguard
his wellbeing and welfare
Pak Lah will not budge on transition
By the Malaysian Insider
October 20, 2008
OCT 20 – When Datuk Seri Abdullah Ahmad Badawi chairs the Umno Supreme Council meeting tonight, he will make it clear that he will not succumb to another “groundswell” and leave office before March 2009.
Over the past few days, the Prime Minister has been assessing the comments being made by several Umno leaders about the long campaign period for the party elections and has concluded that it is part of another campaign to get him to revisit the transition plan.
FINANCIAL TURMOIL WORLDWIDE: Two perspectives on Malaysia’s status
Media take 1:
Malaysia to revise downwards growth forecast for 2009
Written by S. Ramesh in Kuala Lumpur | Posted: 21 October 2008 0217 hrs
Published by Channel NewsAsia’s
KUALA LUMPUR: The Malaysian government will revise downwards its growth forecast for 2009 from the targeted 5.4 percent, says Deputy Prime Minister and Finance Minister Najib Razak.
Details are expected to be announced in Parliament on November 4.
Meanwhile, the government will inject US$1.4 billion into the stock market to shore up sentiments.