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Wednesday, August 16, 2017

NAJIB’S EXCESSIVE BORROWING ENDANGERS MALAYSIA: LOW RESERVE OVERAGE OF EBT PAYMENTS A ‘KEY RISK’

The rating agency said although foreign reserves are still larger than short-term debt by original maturity, once currently maturing medium- and long-term debt is added, the ratio of annual external liabilities due to reserves – as measured by its external vulnerability indicator (EVI) – has been significantly above the 100% threshold for years. Moody’s expects the EVI to stand at 143% for 2018.
It noted that while foreign currency reserves have climbed from a recent trough, they remain lower than aggregate cross-border debt due over the next year.
“An active non-resident investor presence in Malaysia’s financial markets also leaves it vulnerable to sudden swings in capital flows.”
Moody’s said the reserve volatility will be amplified as well due to high foreign investor participation as a result of the exposure to to sudden movements in portfolio investment flows.
Foreign holdings of outstanding Malaysian government debt stand at about 24%, while non-residents account for nearly 27% of total stock market capitalisation.
Moody’s said a rise in short-term external debt could exacerbate fragilities, with total external debt accounting for 72.6% of gross domestic product (GDP), which is in line with the median for A-rated sovereigns.
“However, since mid-2016, short-term external debt by original maturity has risen to 45.1% of external debt, presenting rollover risks. Almost 60% of total external debt is denominated in foreign currency, which gives rise to some exchange rate risk.”
Moody’s said while prudent monetary policy and a large domestic institutional investor base buffer the impact of capital flow volatility, the current account surplus has steadily narrowed, providing less of a cushion now.
Overall, Moody’s said Malaysia’s credit profile is resilient to an escalation in external vulnerabilities.
“It would take a significant deterioration of external metrics from current levels for Malaysia’s credit profile to weaken. Other sources of credit risk would be a sharp growth slowdown or meaningful deterioration in the public finances, neither of which we deem likely at this time,” it opined.
THE SUNDAILY

WHAT IS ROSMAH DOING THE PERMATA’S BILLIONS?? TOILETS DIRTY, TILES STAINED, SWIMMING POOL NOT OPERATIONS & ENGLISH LANGUAGE TEACHERS WHO SPEAK BAD ENGLISH

A FEW days ago, the prime minister’s beloved wife Rosmah Mansor requested for more public money from her dearest hubby for her Permata foundation.
She claimed, “You cannot make cookies without forking out for flour”.
While I doubt Rosmah even knows how to bake cookies…err I meant, I doubt she even has the time to bake them (you know how busy our First Lady is), I believe there is more to cookie-baking than the financial capacity to purchase the ingredients.
You see, to bake good cookies, you not only need ingredients of good quality, but most importantly, you also need a good baker. Without one, no matter how good your ingredients are, the cookies could still be a disaster.
“I want you all to know what we are doing is for the best for our children,” said Rosmah, wanting everyone to know that Permata had been doing a fantastic job with the ‘cookie baking’.
As much as I hate to be the party pooper here, I doubt Permata is doing such a great job, thanks to its half-baked chef.
A couple of years ago, I had the privilege to work on a documentary about autistic children. Searching for a main character, my crew and I were brought to a Permata centre for autistic children located in Universiti Kebangsaan Malaysia, Bangi.
We spent three days at the Permata Kurnia, and throughout our shooting schedule, I saw many things which concerned me greatly.
While observing the classes, I realised the teachers had very low English proficiency despite being entrusted to conduct English lessons. One time, a teacher even taught her class to pronounce ‘an-cho-vies’ as ‘an-co-vies’!
During a scene at the bathroom, I asked the teacher why one of our characters was not brushing his own teeth, but instead, had the teacher do it for him. Her response that the boy was too short to use the sink, blew me away.
“It’s easier for us to brush his teeth for him. He may take forever,” she claimed.
My producer then suggested we get the boy a small stool – and the 7-year-old boy who had to depend on teachers to brush his teeth all these while, miraculously brushed his own teeth with no fuss what-so-ever!
It was astounding for us to realise that the teachers did not take any proactive measures to train the boy to handle his basic routine such as brushing teeth, taking a shower and wearing clothes, but instead gave us many excuses of his inability to do so. Oddly, in the three days of shooting, we managed to witness him do all of them!
And that’s not all, the facilities were in sad condition too. The toilet was dirty and made me gag, despite us arriving first thing in the morning for the shoot. Black stains around the tiles and sink worsened the appearance. And to top it all, the swimming pool meant for the autistic children was beyond operational for quite some time (at the point of the shoot).
The thing is, if Permata foundation has been awarded with lucrative budget of hundreds of millions since its establishment in 2007, I cannot fathom why the Permata Kurnia centre is so deprived of care.
Having seen what I have seen, I now wonder about other centres under the Permata foundation – are they well managed, or are they too suffering from lack of proper attention?
I don’t know. Who am I anyway to question our beloved first lady’s brainchild based on one encounter, right?
But then again, if “every child is precious” as per Permata’s tagline, perhaps Rosmah owes it to the public to conduct a proper investigation before requesting the government to fork out more financial aid to get more ‘flour’ for her cookie baking.
Anyway, all this talk about cookies is making me hungry. I think I’ll just go bake myself some – but unlike Rosmah, I shall purchase my ingredients with my own money.
WRITER: 
– https://www.themalaysianinsight.com/

CHIEF THIEF ‘MO1’ FLUSHES ISA SAMAD DOWN THE TOILET: A REAL WARNING TO JHO LOW, ARUL KANDA, IRWAN, OMAR ONG & OTHER NAJIB ‘LOYALISTS’

Whether it is a sandiwara or no (the AG may decide NOT to prosecute Isa) most certainly Isa’s reputation has been flushed down the toilet. He has been arrested – that is now on the record. Isa is another another corrupted crony who has been thrown to the dogs by his boss the Chief Thief. 
I dont know whether these morons realise it or not but that is how the Chief Thief seems to operate. He uses all these crooks to do his dirty things. Then if they get caught or their dirty deeds are exposed and the temperature gets too hot, he just lets them get sacrificed. They become used toilet paper. That is what is happening to Isa.
Here is the news :

abuse of power,  corruption in purchase of two hotels by Felda 
arrest of former Felda chairman Isa Samad.
MACC to freeze all assets owned by Isa
Isa called to give statement on purchase of hotels 
one in London, other in Kuching
arrested after two hours of questioning
MACC said arrest made based on witnesses’ statements 
MACC confident strong basis to wrap up investigations 
Isa to be brought to magistrate’s court to be issued remand order.
MACC confirmed Isa’s house in Selangor had been raided.
June 21 Isa and wife Bibi Sharliza questioned four hours at MACC 
FIC (Felda) bought 4 -star Park City Hotel in upmarket Kensington for RM330m. 
price was overpaid by RM110m.
FIC purchase hotel in Kuching, Merdeka Palace Hotel for RM160m
RM50mil more than its actual value. 
key Felda personnel called up by investigating team 
Isa’s aide Muham­mad Zahid Md Arip, former FIC CEO Zaid Jalil, also held 
They have since been released.
FIC board member Nur Ehsanuddin who is Kota Tinggi MP,  statements recorded
Read more at http://www.thestar.com.my/news/nation/2017/08/16/exfelda-chairman-held-in-graft-probe-macc-focusing-on-abuse-of-power-and-corruption-in-purchase-of-h/#XYDTFeAkHkogQ0Ad.99
Conclusion : The question for Isa Samad and all the other crony crooks to ponder is how come their boss Chief Thief is still walking around scot free? 
http://syedsoutsidethebox.blogspot.my/

ISA SAMAD JUST THE TIP OF THE ICEBERG: NAJIB’S FELDA CORRUPTION VOLCANO IS ABOUT TO EXPLODE

Who puts a monkey in charge of a banana plantation?
This is the monkey :
This is the plantation:
This could have been a funny story about a monkey who had the time of his life managing a banana plantation except for the fact that while the monkey is really a monkey, that plantation is OURS!
And the guy putting the monkey in charge of the plantation is this guy : our prime minister aka Rosmah’s husband.
Before any of you put your hand up to defend the monkey or the man who appointed the monkey to take charge of the plantation on a “all you can eat” salary…consider this.
Did Najib Razak give Tan Sri Isa a visa to do the salsa on Felda or did Najib Razak gave Tan Sri Isa a visa to do a salsa on Felda because Najib Razak wanted a share of the Samosa that was aslo in Felda together with the Banana? In the end, did Tan Sri Isa took the banana for himself and left the Samosa for Najib a Jib Jib?
The jury is still out on that Banana and Samosa caper but let us consider other considerations.
Was it a matter of Tan Sri Isa abusing the trust that Rosmah’s husband had placed in him?
Was it a situation where Rosmah’s Husband made a stupid decision to put a politician convicted of money politics to head an FGV worth billions?
Or was it a brilliant move by Rosmah’s husband aka prime minister of Malaysia, to have put a monkey in charge of FGV that was worth billions in order to facilitate his own devious intent to rob, scam, steal or do to  FGV whatever it was he wanted to do with FGV?
After all how much banana can the monkey eat? Surely in a plantation full of bananas  there will be enough bananas left over for Najib Razak after Tan Sri Isa has had his fill?
So really it is not a matter of Najib Razak being stupid when he appointed Tan Sri Isa to head FGV. It is not a matter of Tan Sri Isa abusing the trust that Najib had in him to “manage” FGV. It is simply an extension of the “I scratch your back you scratch mine” syndrome that has now become Umno’s national anthem.
The same reason we have a monkey in charge of PDRM….a monkey that tweets and does Najib’s bidding and gets his rewards in more ways than one….having his daughter selling guns that can possible kill his own officers being one!
A monkey as the Attorney General ….this monkey knows only to lick Najib where the sun does not shine.
A monkey to “sell” the GST to us while having a another job frying Nasi goreng, another job trying to kiss the hand of a Sultan and yet another job doing stand up comedy!


But I digress…..let us go back to the substance of this posting.
Najib Razak put Tan Sri Isa in FGV for his own purpose : Financial gain : and now that what Najib Razak has done in FGV has turned around to bite him on his fat big behind (which is not hard to do given that his behind is almost as big as Rosmah’s….almost because when push comes to shove..)….what comes next?
Putting Tan Sri Isa in the slammer does not come next. Isa will roll with the punches as he did when he was convicted of money politics by Umno….and what Isa has got on Najib Razak was what got him the job of managing the banana plantation in the first place!
Malas aku nak cakap lagi lah….tunggu until after PRU14…then we talk. For now just put this one together with all the stupid, idiotic, self harm things that Najib has been doing since he first entered national politics….and let us cheer him on his merry bodoh sombong ways…tak lama lagi surely dia mampus!
http://steadyaku-steadyaku-husseinhamid.blogspot.my/

EXCLUSIVE: Saudi Moron Prince wants out of Yemen war, leaked emails reveal


 



US official says Mohammed bin Salman (MBS)  wants to end (Yemen) conflict
he was okay with Washington engaging with arch-foe Iran

MBS say US could engage with Iran

MBS heir to throne, confessed to 2 US officials he "wants out" of war in Yemen
he was "okay" with US engaging with arch-foe Iran
according to leaked emails obtained by Middle East Eye.

He was quite clear... he wants out of Yemen and he is OK with US engaging Iran

Details of meeting in email between Indyk and Yousef Otaiba, UAE ambassador 
which was obtained by GlobalLeaks campaign group.

My comments : 

This looks like a genuine leaked email. The effect of this leaked email that the Saudi Crown Prince has had enough of his stupid war against the Yemen must have a devastating effect on the already non existent morale of the Saudi armed forces.

Can you imagine if you are a Saudi soldier or Saudi general risking your life fighting at the frontline and your leaders in Riyadh are crying, "Ummi, ummi save me. I want to get out of this war with Yemen".

I hope our local kaum DNA bahalol will also take note. 

Pak Arab Unta sendiri sekarang sudah menyesal main api di Yemen. 
Seronok-seronok nak pi bom dan hancurkan negeri orang lain. 
Sekarang terima padah pula. 
Sekarang Pak Arab Unta sudah menyesal kalah. 
Nak gostan pula.  
I hope you really feel stupid again today.

The Iranians have a standing joke about Saudi Arabia. The Saudi Army does NOT know how to use all the high tech weapons they have bought from the US. 

As one stark example the Saudis are really inept at driving and manouvering their M1 Abrams tanks. They often leave their tanks with the rear (the weakest part of the tank)  exposed or facing the enemy. Hence a 'Made-In-The-Village'  RPG round can destroy a US$10 million tank. 

The Saudi airforce cannot fly without American groundcrews to keep the planes serviced and flying.  This has been going on for about three decades now.  The US Airforce provides air to air refuelling for the daily bomb runs against Yemen.

Mohamed Bin Salman's war against  Yemen is NOT being fought by the Saudis.

The problem for MBS is the Yemeni embarassment is getting worse for him.  
The Saudis attacked Yemen sometime in May 2015. 
This is now the third year of the war. 
The Saudis are losing to the Houthis.

The Houthis are still holding their ground.  In fact the Houthis are well entrenched inside THREE Saudi border provinces ie Asir, Jizan and Najran. These THREE provinces were originally Yemeni territory which was invaded by the Saudis in the 1930s.

It was only somewhere in the 2000s that Saudi Arabia formally made an announcement that they were annexing Asir, Jizan and Najran as part of the Kingdom of Saudi Arabia.  

The Yemenis are now reoccupying those same territories which was theirs in the first place.

To end the war the Saudis must pay war reparations for all the damage they have done in Yemen.

The Saudis must also pay 'blood money' for the more than 10,000 Yemenis they have murdered. 

Plus the tens of thousands they have injured and maimed by dropping illegal cluster bombs on them. 

The Saudi Crown Prince has said that he does not mind if Iran is involved in the process. This is a BIG BIG mistake.Even the Houthis did not ask for this.

Yemen will demand that the naval blockade against them must be lifted.  
This will allow the flow of supplies and (Iranian) weapons into Yemen.  

I think the Iranians will also demand that the Saudis leave alone the Shias in Qatif, eastern Saudi Arabia. Iranian weapons will possibly find their way into that region as well.

Mohamed Bin Salman's head must roll. 
There has to be a change in leadership in Saudi Arabia as well.

It is way overdue that both the Wahhabi paganism and the Saudi clan be replaced by a more Islamic and a more civilised group of people.  It will be good not only for their people but also for the Islamic world and the rest of the world.

Herein lies great opportunity.

IGP gets flak over warning to atheists

Islamic Renaissance Front says the police's job is to maintain order, not to encroach on personal liberties.
Farouk: Main duty of the police is to maintain order, not encroach on personal liberties.
Farouk: Main duty of the police is to maintain order, not encroach on personal liberties.
PETALING JAYA: An Islamic think tank has asked Inspector-General of Police Khalid Abu Bakar to explain his warning to atheists against “creating uneasiness” among Muslims with their activities.
Speaking to FMT, Islamic Renaissance Front director Ahmad Farouk Musa said Khalid was going beyond his jurisdiction. He said the main duty of the police is to maintain order, not to encroach on personal liberties.
“Khalid must explain what ‘creating uneasiness’ means,” he said. “If the atheists are enjoying their freedom to be free of religion without impinging on the rights of others to practise their religions, there shouldn’t be a problem.”
In giving his warning yesterday, Khalid said the Federal Constitution recognised Islam as the official religion and had no provision for atheism. He said police would scrutinise the existing laws to enable appropriate action to be taken should atheists cause anxiety among Muslims.
Last week, federal minister Shahidan Kassim made headlines locally and abroad when he said atheists should be “hunted down”. He claimed they were in violation of the Federal Constitution.
Farouk argued that there was nothing in the constitution which said a citizen of Malaysia couldn’t be an atheist, adding that it was important to let people who believed in God and those who didn’t to coexist in harmony.
Chandra: The right to believe in God, also means the right not to believe in God.
Chandra: The right to believe in God, also means the right not to believe in God.
Recently, Yayasan 1Malaysia chairman Chandra Muzaffar, who has been pushing for the Rukunegara principles to be made a preamble to the Federal Constitution, said the national ideology’s principle of “belief in God” did not imply that there was no room in the country for atheists or agnostics.
He noted that Malaysia was not the only country advocating belief in God.
He said both Indonesia’s Pancasila and the United States’ Declaration of Independence made references to God, but neither country denied atheists the rights enjoyed by other citizens.
“The right to believe in God also means the right to not believe in God,” he said. “If God doesn’t coerce anyone into believing in God, then why do human beings feel they have a right to coerce another human being to believe in God?”
Don't alarm the public with such a warning, says Paulsen.
Don’t alarm the public with such a warning, says Paulsen.
Lawyers for Liberty director Eric Paulsen said Khalid shouldn’t alarm the public with such a warning and instead focus on fighting crime.
“The reality is that this entire issue began with a picture on social media,” he said. “We don’t really know whether the people in the picture are actually atheists or just there for a gathering.”
He was referring to a picture posted on the Atheist Republic Facebook group which sparked concerns over the presence of a local club for atheists.
News reports have said Putrajaya would find out whether Muslims had joined the Kuala Lumpur Atheist Club.
“There’s no real information and it would be a misuse of resources to launch a witch hunt,” Paulsen said.
He urged the police to focus their attention on crimes rather than social media postings, which he said tended to hype up certain issues.
Secular activist group Bebas said it was wrong for anyone to broadly imply that atheists were troublemakers or wrongdoers.
“Neither the law nor the constitution requires a person to have a religion to be a citizen of this country,” said a spokesman for the group. “Atheists just want to get on with their lives without having the institutions of religion being imposed on them or interfering in their personal lives.
“After all, there should be no compulsion in religion.” - FMT

Najib brandishes over RM15 billion in housing packages as polls loom

Government has already handed out RM15 billion in projects to firms owned by the majority Bumiputeras in line with the goal of uplifting the economic standing of majority group.
najib-razak-polls-1
KUALA LUMPUR: Prime Minister Najib Razak on Wednesday pledged to stay true to a decades-old positive discrimination policy for the country’s majority ethnic group, ahead of national polls that could be called in the coming months.
The next election, which must be called by mid-next year, would be the toughest yet for Najib as he grapples with a mutli-billion dollar financial scandal, simmering discontent from rising living costs and a growing challenge from his former mentor turned foe, Mahathir Mohamad.
Najib said on Wednesday that the government had already handed out RM15 billion in projects to firms owned by the majority Bumiputera or “sons of the soil”, in line with the goal of uplifting the economic standing of the ethnic group.
“This is a huge amount as a commitment to this project and the value that is distributed to Bumiputera companies will continue to rise in the future,” Najib was quoted as saying by Bernama.
The government also began releasing the third and final payout under the annual 1Malaysia People’s Aid or BR1M programme this week. A total of RM6.8 billion was allocated under the 2017 budget for BR1M, targeted at 7 million recipients.
Najib lost the popular vote in the 2013 polls, and is expected to roll out a people-friendly budget this October targetted at the rural Malay electorate.
The prime minister, however, faces the threat of losing support from his core base if Mahathir successfully convinces the rural electorate that their plight in dealing with a rising cost of living has much to do with the scandal-ridden state fund 1Malaysia Development Berhad (1MDB).
1MDB is the subject of money-laundering investigations in at least six countries. The US Justice Department alleged in civil lawsuits that about US$4.5 billion of funds were misappropriated from the fund.
Najib denies wrongdoing.
The US Justice Department said in its latest court filing on Thursday it was conducting a criminal investigation of 1MDB and asked for a stay on civil lawsuits it had filed to seize assets allegedly bought with money stolen from the fund.
Najib denied taking money from 1MDB after it was reported that investigators traced nearly US$700 million to his bank accounts. Authorities cleared him of any wrongdoing, saying the money was a donation from Saudi Arabia. -FMT