My Anthem

Monday, June 22, 2015

G!8 Brings NEW HOPE (HARapan BARu)...

FRom themalaysianinsider.com:~~

Ousted PAS leaders say defeat a blessing in disguise


The group of 18 PAS leaders defeated in the recent PAS polls at the Jasamu Dikenang gathering held in Muar, Johor last Tuesday. They say they will now embark on a more inclusive Islamist movement. – The Malaysian Insider pic, June 22, 2015.The group of 18 PAS leaders defeated in the recent PAS polls at the Jasamu Dikenang gathering held in Muar, Johor last Tuesday. They say they will now embark on a more inclusive Islamist movement. – The Malaysian Insider pic, June 22, 2015.
PAS progressive leaders who were shown the door in the recently concluded party polls have described their en-bloc defeat as a blessing in disguise, saying that it has opened a window of opportunity to build "something better for Malaysia".
Dr Dzulkefly Ahmad, the secretary of the acting committee that calls itself G18 (a reference to the 18 ousted PAS leaders) said their exit from the top party posts gave rise to the idea of forming a more inclusive movement for Malaysians.
"Over the years, we have been effected reforms and changes in PAS. Very recently all these seemed to be in danger of being rolled back. Now, we are free to embark on a new endeavour that is more inclusive or all-encompassing," he told The Malaysian Insider.

He said the G18's first meeting in Muar, Johor on June 16 was fruitful and had lead to the formation of an action committee for the purpose. He said that Mohamad Sabu, who failed to defend the deputy president post, had been elected as chairman of the group, former vice-president Salahuddin Ayub as his deputy and former Youth leader Suhaizan Kaiat as assistant secretary.
The rest of the G18 were appointed as committee members for the movement.
Dzulkefly said the movement aimed to bring together all like-minded civil society movements and their leaders, particularly Islamist NGOs, to develop a new platform based on political Islam that was truly inclusive, engaging and better able to contextualise the plural demography and the many mutually exclusive demands and constraints.
"We believe this platform will be better accepted by the people because it is the friendly face of Islam, inclusive and adept to a multi-religious and multi-ethnic nation," he said.
Besides cooperating with Pakatan Rakyat's PKR and DAP, the new movement will also embrace those who had similar ambitions and vision.
However, Dzulkefly insisted that the G18 would not be confrontational in its approach or turn PAS into an enemy.
"We will look towards the future instead and try to forget our differences. We will bring fresh ideas for the future and embark on the bigger agenda of striving for ‘A Better Malaysia for All’," he said.
Dzulkefly said during Ramadan, the group would be busy meeting with both Muslim and non-Muslim bodies and community leaders in the country to explain what the movement was about.
He said further announcements would only be made after the Aidilfitri celebrations and after getting feedback from the grassroots and relevant bodies.
The group is reportedly planning a nationwide roadshow and will be seriously advocating their campaign for a politics of "Harapan Baru" or "The New Hope and Dream" after the Hari Raya celebration. – June 22, 2015.Dr Dzulkefly Ahmad speaks during the maiden gathering of 'progressive' PAS leaders defeated in the recent party polls at a gathering in Muar, Johor on June 16. – The Malaysian Insider pic, June 22, 2015.Dr Dzulkefly Ahmad speaks during the maiden gathering of 'progressive' PAS leaders defeated in the recent party polls at a gathering in Muar, Johor on June 16. – The Malaysian Insider pic, June 22, 2015.  DESIDERATA: THESE leaders are the PROGRESSIVES IN PAS WHO lost in the recent party's elections, and the losers are TURNING THEIR DEFEAT INTO AN OPPORTUNITY FOR CHANGE FOR THE BETTER. CHANGE implies doing away with the old baggage, and BRINGS NEW HOPE TO MALAYSIANS who have lately been bombarded by RETROGRESSIVE THOUGHTS&ACTIONS ON MANY FRONTS. AT one BLOggers' gathering where DR DZukefle was a panel speaker, I HAd challenged him to peruaade his party, PAS, to 'take away the "ISLAM" From the party's name and replace it with a more political ideological name! HIS reply then was this issue needed more indepth discussion, and since then, we never really had a chance to discourse again.  MAYbe with CHANGE to the G!*, Dzulkkefle would ponder over the subject and make sure RELIGION IS Separated from STATE matters as I BElieve MALAYSIA IS STILL A SECULAR STTATE< NOT AN ISLAMIC STATE AS PROCVLEIMED BY SOME IGNORAMUSES for their SELFISH INTERESTS.

I WISH THE PROGRESSIVES IN G!8, and even those who chose to stay with PAS, WELL!

Sunday, June 21, 2015

NOW IS the time for all GOoD MALaysians to STand UP

AND BE COUNTED! SHOUT WITH DESI: "WE KNOW WHO YOU THE DEVILS ARE -- THE TRUTH WILL PREVAIL EVENTUALLY!"

AS we the RAKYAT HAVE been urged to tone down a few bytes on POLITICS,  Let DeSi be SHORT AND SWEET, OK! YES, even less sugar in my teh-see if you don't mind, and reduce the price by 10percent, yeah?!

TOO often the Malaysian leaders and their cronies, mostly from the ruling BArisan NASional BUT A FEW TOO FROM THE OPPOSITION PARTIES< ARE GEtting away with corruption, abuse of power and even MURDER! I Did say MURDER BECause in this holy month of RAmadan, many MALaysians are defaming the RAKYAT AND SEVERAL LEADERS FROm the OPPOsistion PARty -- WHO ARE A THREAT TO UMNO-Oh-NO! --with unfounded ALLEGATIONS OF HOMOSEXUALITY (MEMBUAT FITNAH!) which to my understanading is akin or worse to taking a human life. AND THE SINNERS/CULPRITS ARE ALLOWED TO GET AWAT SCOT-FREE!

TWO LEADING EXAMPLES STILL VERY MUCH IN THE GENERAL PUBLIC MIND involved "Innocents" who were put behind bars after some kangaroo court trials, where important RELEVANT WITNESSES WERE NOT CALLED  TO TESTIFY, and the sitting judges were more than seen to be BAISED TO THE PROSECUTION

ONE case was even described by the ESTEEMED BAR COUNCIL PRESIDENT AS "POLITICAL PERSECUTION" And NOT CRIMINAL PROSECTION.

THE OTHer involved one inconspicuous player sentenced to death BUT CONVENIENTLY ALLOWED TO GO DOWN UNDER. A SECOND CONVICT WAS NOT SO lucky, he's awaiting the hangman, but my instincts tell DESi this is NOT GOIng to happen anytime soon BECAUSE THE POLITICS INVOLVED IS TOO MESSY, AS THE GHOST OF THE MURDER VICTIM, a foreigner also an international beauty, IS STILL LURKING IN THE MALAYSIAN AIRSPACE. SHe told DESi in a dream her spirits won't rest appeased UNTIL THE REAL CULPRIT?S ARE FOUND AND BROUGHT TO JUSTICE> IN THE COURT OF PUBLIC OPINION.  MANY MALAYSIANS HAVE a gOOD idea who he/she/it/they are/were, but we must not speculate OK!  MEMbuat fitnah adalah lebih dosa dari membunuh, my limoted understanding of some religious teachings. you better educated, please elucidare!

IF YOU my ESTeemedREader need to be educated WHO THE REAL PROTAGONISTS IN THESE TWO EXAMPLES ARE,  I am inclined to label thee as "living in the dark ages", but never mind, DESI WILL ENLIGHTEN YE, PROVIDED: HEY! BUY ME endless rounds of tehtarik at DE MIANG COrnner in FURong at 8.00PM and I"LL BE DARE! 

**********************************

I brushed my teeth, gargled, then GGOOoogled, and the ghost of the beauty hovered over my pre=BF table, haunting DESi as I TRied to go back to MY BLUE HEAVEB SUNDAY MOURN!:) OR :(



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Behind the scenes behind Raja Petra’s TV3 interview
Leave a reply   

At the PKR 11th anniversary dinner on Tuesday (April 19) in Ipoh, party vice president Chua Jui Meng alleged that Raja Petra Kamarudin had been bought. Chua said that money could do wonders as indicated by the recent Sarawak election result.

Why would the fugitive blogger and Malaysia Today editor just before the election, in the TV3 interview, cast doubts on his own sensational statutory declaration?

In his SD of June 18, 2008, Raja Petra swore he had been “reliably informed that between about 10pm on 19th October 2006 and early hours of the following day, the night Altantuya Shaariibuu was murdered, three (3) other people were also present at the scene of the crime”.

In an e-mail interview with Malaysia Insider on April 15, Raja Petra insisted that he is not a turncoat. He said that he will continue to support the opposition – the Pakatan Rakyat.

Immediately following the TV3 interview of Raja Petra, the Prime Minister Najib Razak claimed that he is thankful that the truth has finally emerged and he considered the matter closed.

Is the matter really closed?

Many Malaysians, including myself, consider the matter as far from being closed because all the earlier unanswered questions are still awaiting responses, especially from the PM himself.

These questions are as follows:

1. What were the motives of the two police officers convicted of killing Altantuya as they appear to have no earlier connection or previous knowledge of her?

2. How did they obtain the C4 explosives and who approved the release of this strictly restricted materiel to them?

3. The third accused Abdul Razak Baginda – who was acquitted of the charge against him – is a political analyst with known ties to Najib. A transcript had surfaced of alleged text messages between them. What did the sms exchanges imply?

4. Why was DSP Musa Safri never investigated when he gave orders to his officer Chief Inspector Azilah Hadri to help Razak Baginda? Azilah had testified in court that Musa told him Razak had a problem because someone threatened him and he [Azilah] was to lend assistance to Razak.

5. Why was Altantuya’s record of entry missing from the immigration records? Have the immigration officers responsible provided a credible explanation as to how Altantuya’s entry details seemingly disappeared?

6. Why has the immigration department not carried out an internal inquiry, and the other higher authorities carried out an independent inquiry, into this serious breach or if they did, the report not made public?

7. Why were the three affidavits and video interview of P. Balasubramaniam, who was engaged by Abdul Razak Baginda as private investigator and who has since vanished, not investigated?

The above questions have been there right since the start of the case and they will continue to be there for posterity until the truth of the grisly murder finally emerges.

And until these damaging questions are fully investigated by a fair and independent police and judiciary, the cloud hanging over the Prime Minister’s head because of the Altantuya case will not be dispelled.

As this matter is so sensational and the whole world is interested, the government must set up a royal commission to investigate it thoroughly so that all quarters under a cloud can be vindicated, and Malaysia’s image as well as public confidence restored.

Tuesday, June 16, 2015

Malaysian Politics at a DEFINING CROSSROADS

PKR to decide on Pakatan’s future tonight








PKR secretary-general Rafizi Ramli says PKR will discuss its position in Pakatan Rakyat following DAP’s declaration that the pact is over. – The Malaysian Insider file pic, June 16, 2015.PKR secretary-general Rafizi Ramli says PKR will discuss its position in Pakatan Rakyat following DAP’s declaration that the pact is over. – The Malaysian Insider file pic, June 16, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/pkr-to-decide-on-pakatans-future-tonight#sthash.DsRjoJkm.dpuf
THE BArisan NASional led by UMNO has been in crisis revolving around the 1MALaysian DEvelopment BERhad and the clueless PRime MInister NAJib RAzak is surviving because of the BODEKERS CABinet members who are cowards and dared not make CRUCIAL DECIsions for the NATION AND  for the communities they claim to serve.

THE alternative coalition PAkatan Rakyat comprising PKR, DAP And PAS trying to take over PUTrajaya from the crumbling BN IS also in shambles -- because two out of the three PAkatan components ie PAS AND DAP, have been fighting like cats and dogs every day for the past six months since PAS made known its intention to take HUdud LAW nation-wide after adopting it as LAW  in KElantan. THE DAP said this HUDUD  law soon to be tabled in PARliament via two PRivate Member's Bills to amend the CONstitution would lay bare the blood of not just over KARpal SIngh's, body as the former two buddy-compoents fight it out at a HIGH NOON shootout. PKR STAnding by as potential mediator is helpless as its DE FACTO LEADER DS ANWAR IBRAHIM STAYS behind bars at Sungei BULoh PRison, thanks to the balless BN courts ruled from BN-UMNO-oh-NO elitists circle.

YES,  IT'S TIME TO GO BACK TO THE PEOPLE WHOSE POWER SHALL DECIDE OUR FUTURE! WE SHALL NOT STAY IDLE HELPLESSLY WATCHING AND WAITING FOR THE BN GOVERNMENT TO DRAG THE COUNTRY DOWN THE SLIPPERY SLOPE. WE ARE AT A CRITICAL CROSSROADS WHEN OUR NEXT FEW STEPS WILL DEFINE OUR SUCCESS OR FAILURE AS A STATE.

PKR to decide on Pakatan’s future tonight








PKR secretary-general Rafizi Ramli says PKR will discuss its position in Pakatan Rakyat following DAP’s declaration that the pact is over. – The Malaysian Insider file pic, June 16, 2015.PKR secretary-general Rafizi Ramli says PKR will discuss its position in Pakatan Rakyat following DAP’s declaration that the pact is over. – The Malaysian Insider file pic, June 16, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/pkr-to-decide-on-pakatans-future-tonight#sthash.DsRjoJkm.dpuf

FOR A GENERAL ELECTIONS  IS THE ONLY OPTION LEFT FOR THE COUNTRY TO MOVE FORWARD TO END BOTH CRISIS ON THE RULINGF & OPPOSITION FRONTS! YES, CONDUcting the THE 14th GE before time by more than two years, yes, 14 translates in KANTonis as ****"sap-sei", and "SEI" IS DEAD OR MATI! LOL!

YES, THE TIME HAS COME FOR NAJIB&CABINET TO DECENTLY RESIGN EN BLOC and to dissolve PARLIAMENT.

THIS at the same time would BE A GOLDEN OPPORTUNITY TO CONDUCT STATE ELECTIONS WHERE TROUBLE IS BREWING FIERCE BETWEEN PAS AND DAP IN PENANG AND SELANGOR STATES.

IT's time for us as RAKYAT TO DEMAND THAT NO PARTY CONTESTS UNDER A RACE-BASED BANNER OR UNDER A RELIGIOUS BANNER. IT'S TIME AFTER ALMOST 58 years of Independence that WE as MALAYSIANS THINK ABOUT OUR NATION AS ONE, AND NO race or religion shall be allowed to divide us. GOD save as from ALL EXTREMISTS -- ACROSS RACE, COLOUR AND RELIGION --  AMEN.


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UPDATED JUNE 17, 2015 AT 10.07pm:
FRom themalaysianinsider.com:


Pakatan Rakyat is dead, says PKR chief Wan Azizah

Published: 17 June 2015 6:47 PM

PKR president Datuk Seri Dr Wan Azizah Wan Ismail admits there is no more Pakatan Rakyat following the announcements by both PAS and DAP. – The Malaysian Insider pic, June 17, 2015.

- See more at: http://www.themalaysianinsider.com/malaysia/article/pakatan-rakyat-is-dead-says-pkr-chief-wan-azizah#sthash.sJtTk6ei.dpuf



*********************************************
From malaysiakini.com:~~

 
7:16PM Jun 17, 2015

Malaysiakini

With Pakatan dead, PKR seeks to build new pact

PKR president Dr Wan Azizah Wan Ismail said her party will lead efforts to rebuild an opposition political coalition following the death of Pakatan Rakyat.

"PKR will continue to pioneer efforts to build a coalition among political parties, non-governmental organisations, groups and influential individuals to defeat BN," she said in a statement today.
 

However, Wan Azizah did not give specifics on what kind of composition the coalition will be.

This follows the party's acknowledgment that Pakatan has ceased to exist formally.

"PKR truly appreciates the cooperation that has been achieved together with PAS and DAP before this along with the support of the rakyat in enabling Pakatan to secure 52 percent of the popular vote in 13th General Election," she said.

Wan Azizah said the strong support for Pakatan was due to its common policy framework and a desire among the rakyat to see real change.

Even though DAP formally announced Pakatan's demise yesterday, the coalition had not worked for almost a year.

DAP had constantly attacked PAS president Abdul Hadi Awang for refusing to abide by Pakatan's common policy framework, refusing to attend its meetings, and overruling the coalition's decisions.

This prompted PAS to pass a motion proposing the severing of ties with DAP at its muktamar earlier this month.

In response, DAP, after its central executive committee on Monday, declared Pakatan was dead as the coalition cannot exist without any one member.

***************************************
THIS UPDATE IS another REASON WHY NEW GENERAL ELECTIONS MUST BE CONDUCTED!

AND IN the steal of the SUNDAY MORNing light @5.30AM,JUNE 21, 2015, from themalaysianinisder.com:``

BERSIH2.0 SAYS THE GE13 WERE RIGGED




Electoral watchdog Bersih 2.0 said it was shocked to learn that funds from 1Malaysia Development Bhd (1MDB) were used to bankroll Prime Minister Datuk Seri Najib Razak's campaign in the 13th general election (GE13), saying this showed how the elections were stolen from Malaysians.
In a strongly worded statement today, Bersih 2.0 urged Najib to refute the claims made against him in the Wall Street Journal report or resign.

The WSJ said debt-ridden 1MDB had indirectly supported Najib's campaign by purchasing power assets from Genting Group in 2012 for five times more than its worth.

Genting allegedly donated part of the earnings to a foundation controlled by Najib. According to WSJ, the foundation, Yayasan Rakyat 1Malaysia, then announced several charity projects ‎which Najib later brought up during his campaign.
"Though set up to help underprivileged Malaysians through education and sport, this charity soon got involved in spending that appeared designed to help Najib retain power in the May 2013 election," said WSJ.
In a response to WSJ, the Prime Minister's Office said the claims were baseless.
Condemning what it termed the manipulation of funds in GE13, Bersih 2.0 said it was even more shocking to learn that the political financing was linked to the controversial 1MDB, which is under heavy scrutiny over its RM42 billion debt.
"This is totally outrageous and an abuse of power because brazen dirty tactics have been used to manipulate voters’ trust.
"The prime minister must refute this report or resign, otherwise he loses his legitimacy to stay in power," it said.
The movement added that WSJ's revelation on the use of 1MDB and non-accountability of its funds seemed to imply that 1MDB may be used as a government-controlled election slush fund.
"It also raises the issue of whether this is just tip of the iceberg.
"Are there any other government-controlled money used in similar manner?”
It further said the Election Commission had failed to introduce necessary reform to rein in unfettered abuse and corruption. – n.

Monday, June 15, 2015

MAlaysia continues SPIRALLING TOWARDS the ABYSS>>>FOLLOWUP 1

 >>>I AM doing ONGOING FOLLOW-UP to my 4-parter in the ABYSS SERIES, Why I say Malaysia Is Moving Towards the Abyss... IV

CUt&PASTRy, cun?

FROM malaysiakini.com's kinibiz:

ets  |  JUNE 15, 2015 11:00 AM

Ringgit continues to slide as BNM’s optimism is not shared


Story by
www.bloomberg.com

Zeti Akhtar Aziz
Zeti Akhtar Aziz
Malaysia’s ringgit is sliding toward its fixed exchange rate of a decade ago and central bank assurances the weakness will prove temporary aren’t convincing everyone.
Macquarie Bank Ltd is reviewing its year-end forecast of 3.75 per dollar after the currency sank last week to within 0.7% of a 3.80 peg imposed by former Prime Minister Mahathir Mohamad during the 1998 Asian financial crisis. Westpac Banking Corp and Macquarie say it’s just a matter of time before that threshold is tested, given waning demand for emerging-market currencies as the US moves closer to raising interest rates.
The decline prompted Bank Negara Malaysia governor Zeti Akhtar Aziz to say last week that the exchange rate wasn’t consistent with the nation’s economic fundamentals, which are “markedly different” from those at the time of the crisis. While a weaker currency will help revive exports, it also threatens to add to inflationary pressure following the implementation of a new goods and services tax in April.
“There are still levels to look at higher than 3.8,” said Nizam Idris, head of currency and fixed-income strategy at Macquarie in Singapore, who’s been covering the foreign-exchange market for two decades including a stint at UBS AG. “How much is enough is the big question.”
The drop in the Southeast Asian nation’s foreign-exchange reserves will limit Bank Negara’s capacity to defend the ringgit, according to Macquarie and Westpac. While the holdings climbed to US$106.4 billion (RM399.56 billion) in May from a four-year low of US$105.1 billion in March, they have fallen 8% since December.
Soros implicated
Malaysia imposed capital controls in 1998, when the ringgit plunged to a record 4.885 per dollar in January of that year and reserves stood at about US$20 billion. The currency tumbled 35% in 1997 in the wake of the Thai baht’s collapse, prompting Mahathir to ban offshore trading in the currency, blaming US billionaire George Soros and other “rogue speculators” for the ringgit’s weakness.
Repegging the ringgit is one way to stabilize the exchange rate, Mahathir was reported as saying in a Star newspaper report on Thursday, even going so far as to say the central bank should consider going back to the gold standard, a system prevalent until the early 1970s under which a unit of currency was convertible into a fixed amount of the commodity.
The currency’s losses have been compounded by a 43% drop in Brent crude prices from a 2014 peak, worsening public finances in Malaysia, the only net oil exporter among Asia’s major economies. Overseas shipments fell in April, this year’s third monthly decline, and inflation quickened to a four-month high of 1.8% as the 6% GST was introduced.
“Fundamentals will prevail once the uncertainty affecting market sentiment subsides,” Zeti, who helped harness the currency during the crisis when she was assistant governor, said in an e-mailed response to Bloomberg questions on June 8. Bank Negara “stands ready to maintain orderly conditions in the foreign-exchange market,” she said.
‘Striking distance’
Ringgit Falling Drops Generic 02 091214The ringgit fell 5.3% to 3.7635 per dollar in the past month, Asia’s worst performance, and analysts are once again lowering end-2015 projections. The median estimate in a Bloomberg survey was 3.72 at the end of last week, having been cut in all bar one of the last eight months.
While the ringgit is within striking distance of the peg, the likelihood of the currency breaching 3.8 is “not a matter of if, but a question of when,” said Jonathan Cavenagh, a currency strategist at Westpac in Singapore. “Bank Negara’s ability to fight the stronger dollar trend is being diminished somewhat compared to the past few years.”
The ringgit is vulnerable to capital outflows from higher US interest rates as central bank data show global investors hold 32% of the nation’s sovereign bonds, compared with 18% for Thailand. The slump in Brent crude prompted the government to lower 2015’s growth target to a range of 4.5% to 5.5 percent in January, from as much as 6%.
Trade balance
A protracted drop in exports may shrink the current-account surplus, which was RM10 billion in the first quarter, the biggest since June 2014. It dwindled to RM5.7 billion in the previous three months, the least since June 2013, as Brent slumped 39% in its worst quarterly performance since 2008.
Fitch Ratings said in March that there’s more than a 50% chance it will downgrade Malaysia’s A- credit rating at a review due before the end of June. The company cited falling energy prices, pressure on the current account and state investment company 1Malaysia Development Bhd.’s debt as factors.
“As with other currencies, the ringgit will face a number of pressures including a strong dollar and higher US rates,” said Mitul Kotecha, head of Asia Pacific foreign-exchange strategy at Barclays Plc in Singapore, who predicts the ringgit will end the year at 3.95. “Given that Malaysia is still the only net oil exporter, any rally in oil prices may alleviate some of the pressure on the currency.”
— by Liau Y-Sing

**********************

Is the declining ringgit temporary? – Ramon Navaratnam

The Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz publicly stated on June 8 that “the current weaknesses of the currency will be temporary”.
We all hope that her judgment is right. But we cannot, in fairness, hold her to her current assessment, given the growing uncertainties at home and abroad.
Nevertheless, it is difficult at this stage, to accept that the declining ringgit is temporary feature, for the following reasons:

1. The ringgit has been declining steadily and has reached its weakest point in the last nine years. It is not a sudden slip but the ringgit could be showing signs of a declining trend on a more permanent basis. 2. The ringgit is driven down by both weakening economic fundamentals and uneasy sentiments as well. Thus it is important that we should not under play the weak fundamentals or down play the soft sentiments, for they need not be temporary phenomena, but more longer term in nature.
Weak fundamentals
The economic fundamentals, although currently good, are not that strong in the longer term. The claim of strong fundamentals cannot be assumed to be sustainable and permanent either.
For instance, the budget deficit is still under strain, the balance of payments need not be buoyant with the continuing low energy prices.
This is aggravated by the higher import prices, due to the fall in the ringgit. The national and personal debt burdens still weigh heavily on our economic shoulders.
Furthermore, private capital outflows continue to be one of the highest in the world and the skilled brain drain is persistent.
Corruption is rife and this adds to costs, while undermining public policies and worsening the income disparities, poverty and inflation too.
These are fundamental weaknesses which have to be addressed to strengthen investment confidence and business sentiments.
Soft sentiments
The present political environment, is obvious, generating negative sentiments. Malaysians generally are not happy and even fed up with all this unnecessary and unhealthy politicking.
Perhaps many politicians enjoy these political games, but most Malaysians are very tired of this distraction from the main purpose of government and the opposition, which is to deliver on their election promises, to benefit all Malaysians and to promote a better Malaysia.
Instead, everyday we rise to read the mass media of a lot of wasteful discussion on political diatribe and personal character assassinations. This is immature and intolerable !
How can then there be positive sentiments and national confidence? That is why capital and brain power flow out continuously.
Graduates by the thousands come out from our universities ill equipped to find decent jobs.
We have flip flopped on the teaching of Science and Maths in English. How well then can our graduates contribute highly to the economic development and to nation building?
In fact, there will be widening income disparities between graduates who have a command of English and those who learn a smattering of English.
The rich will then become richer and the poor will remain poor. This could cause social problems and disunity.
Racial and religious extremists are increasing and good citizens are called seditious names.
Many from both groups also get away with impunity Safety and security is said to be improving, but people perceive it as declining.
The 1MDB problems are being investigated, but before the outcome is known, there are those who choose to relentlessly attack the leaders without respite.
Could there not be a decent moratorium that could show dignity, gentleman-liness and good grace?
No wonder sentiment is so low and national depression and disgust so high. All this will erode the economic fundamentals and weaken confidence and the currency, which could continue to decline.
For the above reasons, many Malaysians and foreign friends, may share my view that the ringgit is not going to strengthen in the near future.
Its consistent decline, to the bad times we experienced in 1997, is unlikely to be temporary, but more likely to be more permanent.
I almost fear that the ringgit’s decline could reflect our weakening socio-economic fundamentals and the sad sentiments in our beloved country today.
Unless there is real transformation in our policies and practices and the 11th Malaysia Plan is set on a more dynamic course of reforms, I believe that we may face continuing pressure on the ringgit.
This could make it more difficult to regard the ringgit decline, as only a temporary feature.
In fact we are probably witnessing an unfortunate trend towards a weaker ringgit, well beyond a temporary phase.
We may thus have to revise our analysis and be prepared to face more challenging times ahead.
In the meantime, the government should appoint an independent committee made up of professionals, to make recommendations to the government on how to ensure that the declining Ringgit is only temporary and does not develop into a permanent trend , which would seriously undermine our country. – June 11, 2015.
* Tan Sri Ramon Navaratnam is the chairman of the Center of Public Policy Studies (Asli).
* This is the personal opinion of the writer or publication and does not necessarily represent the views of The Malaysian Insider.
- See more at: http://www.themalaysianinsider.com/sideviews/article/is-the-declining-ringgit-temporary-ramon-navaratnam#sthash.eoXPnJhk.dpuf

Sunday, June 14, 2015

Hyde-ing Out at MY BLUE HEAVEN

When the skies seem to be falling down on you

when your buddies don't seem to understand

when luck runs out on thee as everything goes wrong

even the neighbourhood dog barks at you when normally it is nonchalant

and the car tyre bursts just as you were half[way

to an urgent date to keep


SLOW DOWN A BIT/BYTE


DO RUN TO YOUR BLUE HEAVEN

I hope you have ONE

OR if you don't mind, you can share MINE:)  

WHERE I make meself my fave tehtarik that's 3-in-1

PLUS several bites of my fave Peanut butter, 

several layers, on my French toast of jest a light brownish hue

ah, why let the blues of the day get thee down


I HOPE LIKE DESI YOU HAVE A RESORT TO TURN TO

shut out the whole wide world

jest you and your wilde mind runnin' yes, Wild&Free

recallin' the goode olde times

when you were happy just wit' thy buddies

exchanging small talk, maybe even thinkin' aloud wild ambitions

yes, you share your innermost thoughts

and the companions just don't judge you

and amid all the jestin' and laughin'

the day's blues fade away

like I Do, when I escape to 

MY BLUE H'AVEN...

List'n to MIDnight VOIces 

e'en when it's broad daylight, oor knot

who cares, it's my own delight that matters

AND yours too, if thou careth to join DESI

I surely'd welcome thee wit'

Endless rounds of tehtarik

And peanut buttered toast

IF THOU BUTTER DESI A BYTE/BIT/BITE lah!


 

 

 

LIFF RICHARD LYRICS

"My Blue Heaven"

When the whippoorwills call
And evening is nigh
I’m so happy in my blue heaven
Just take a turn to the right
You’ll see a little white light
It lead you to my blue heaven

It’s just a smiling face, a fireplace, a cozy room
It’s a lover’s nest that nestles where the roses bloom
Just my Molly and me, and little baby makes three
We’re so happy in my blue heaven

It’s just my Molly and me, and little baby makes three
We’re so happy in my blue heaven
Just take a turn to the right
You’ll see a little white light
It lead you to my blue heaven

When the whippoorwills call
And evening is nigh
We’re so happy in my blue heaven

Wednesday, June 03, 2015

OBAMA ON ANWAR'S INPRISONMENT "CHILLING EFFECT"

DEAR READERS: I HAVE been surfing the NET mostly instead of doing my own scribing.IT's the EFFECT OF last night's loss of three hours' labour when I more or less LOST a whole follow-up post to the 10-sen petrol price item:( SO now, more C&P OK!
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CATCHING up on HOT NEWS ITEM from THE Malaysian Insider:)

Obama warns of ‘chilling effect’ of Anwar trial
Published: 2 June 2015 7:43 AM
Former opposition leader Datuk Seri Anwar Ibrahim is serving a five-year jail term for sodomy. – The Malaysian Insider file pic, June 2, 2015. 

Former opposition leader Datuk Seri Anwar Ibrahim is serving a five-year jail term for sodomy. – The Malaysian Insider file pic, June 2, 2015.US President Barack Obama on Monday warned Malaysia must be careful that the high-profile prosecution of former opposition leader Datuk Seri Anwar Ibrahim does not have a "chilling effect" on democracy.

Hosting a group of young leaders from Asean countries at the White House, Obama was asked about the case of former deputy prime minister Anwar, who was jailed on much-criticised sodomy charges.

"Malaysia has a history of democracy that has to be preserved," Obama said.

"It is important that if an opposition leader who is well known has been charged with a crime, that that process of how that is adjudicated and how open it is and how clear the evidence is, that is all subject to scrutiny."

"What you don't want is a situation in which the legitimacy of the process is questioned, that has an adverse impact on democracy as a whole."

Anwar was jailed in February for five years on charges that he sodomised a former male aide, a case he says was fabricated by the government.

The prison term threatens to permanently end the 68-year-old's political career.
Obama said everyone should be "making sure that there is not a chilling effect on potential opposition".

"You have to respect the rights of even those people who you disagree most with, because otherwise there is no way a democracy can flourish over the long term." – AFP, June 2, 2015.

- See more at: http://www.themalaysianinsider.com/malaysia/article/obama-warns-on-chilling-effect-of-anwar-trial#sthash.eKXVq546.dpuf

DESIDERATA: I DRAW special attention to these two paragraphs:
"It is important that if an opposition leader who is well known has been charged with a crime, that that process of how that is adjudicated and how open it is and how clear the evidence is, that is all subject to scrutiny."

"What you don't want is a situation in which the legitimacy of the process is questioned, that has an adverse impact on democracy as a whole."

DESI now recalls for my ER'S benefit what the then BAR COUNCIL President CHRISTOPHER LEONG SAID following Anwar's conviction verdict (I'm paraphrasing here, OK!" ...IT's more like a case of POLITICAL PERSECUTION, NOT CRIMINAL PROSECUTION..." DESI completely agrees.



Obama warns of ‘chilling effect’ of Anwar trial


Former opposition leader Datuk Seri Anwar Ibrahim is serving a five-year jail term for sodomy. – The Malaysian Insider file pic, June 2, 2015.Former opposition leader Datuk Seri Anwar Ibrahim is serving a five-year jail term for sodomy. – The Malaysian Insider file pic, June 2, 2015.US President Barack Obama on Monday warned Malaysia must be careful that the high-profile prosecution of former opposition leader Datuk Seri Anwar Ibrahim does not have a "chilling effect" on democracy.
Hosting a group of young leaders from Asean countries at the White House, Obama was asked about the case of former deputy prime minister Anwar, who was jailed on much-criticised sodomy charges.
"Malaysia has a history of democracy that has to be preserved," Obama said.

"It is important that if an opposition leader who is well known has been charged with a crime, that that process of how that is adjudicated and how open it is and how clear the evidence is, that is all subject to scrutiny." "What you don't want is a situation in which the legitimacy of the process is questioned, that has an adverse impact on democracy as a whole."
Anwar was jailed in February for five years on charges that he sodomised a former male aide, a case he says was fabricated by the government.
The prison term threatens to permanently end the 68-year-old's political career.
Obama said everyone should be "making sure that there is not a chilling effect on potential opposition".
"You have to respect the rights of even those people who you disagree most with, because otherwise there is no way a democracy can flourish over the long term." – AFP, June 2, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/obama-warns-on-chilling-effect-of-anwar-trial#sthash.eKXVq546.dpuf

Petrol price rise will become a REGULAR AFFAIR: THOU ART SUCKERED AGIN!

DESi worked for an hour yesterday moUrn on "Petrol Pump Price UPs By 10Sen from TOdie -- PART II"; adjourned for socialist BF at nearby BABU stall, came back to CONTINUE the long-winded post with LOTsOfCut&Pastry for 3HOURS from about 8.00PM. I clicked on "Publish" Key at about 11.00PM, BUT the whole post disappeared on DESI! LIKE MH370, it vanished into thin air!

NO, I have no proof, I told DR What's'on, that the goons at UMNO-Oh-NO! had anything to do wit' the **** "LOST CONTENTS"! JUST LIKE THESE IDIOTS TRIED TO BLAME MH370 ACT ON THE CHIEF PILOT SUGGESTING A PKR-DS ANWAR IBRAHIM LINK,  REMEMBER?! Jangan Mudah Lupa!

NOTE THAT It's now 24 later --  it's WedNURSEday 6.36AM -- I started a "new" Titled post BUT ESSENTIALLY CONtaining most of the ****"LOST CONTENTS"  if my memory serves me wellA!
SEE how heART Desi laboureth for THEE,  my ER although FIRSTofMAY:) had come and gone more than a month ago!! And you guys didn't even DHL Desi my fave Tehtarik:( !!!

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PREFACE:

MY ESSAY TODIE is to tell you MALAYSIANS totalling some 48PPERCENT OF VOTERS IN THE MAY 2013 GE13 WHO voted back the incumbent "useless" Barisan Nasional,  HOW THE BN repaid your support by TAKING YE FOR A RIDE! SOME rude people call this "THOU ART SUCKERED AGIN!" -- and in DESi's opinion, YOU ArSeKED FOR IT! I takda sympathy for thee, OK, STOP COMPLAINING! BUT DESI the tiring writHer -- also a PKR ahli cabang SEREMBAN-- applaud the educated 52PERCENT WHO VOTED FOR THE OPPOSITION FOR A CHANGE AT THE FEDERAL GOVERNMENT, and I SAY: SYABAS! LET US CONTINUE THE "FIGHT4CHANGE", TO OVERTHROW THE BARISAN NASIONAL Goverment, led by UMNO-Oh-NO! 

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SORRY I Need to STOP NOW AS AN early BF BUDDY CALLS, which means I GET a FREE CAPITALIST BF4CHANGE from the usual Socialistwan. YOU kambing? Seek out RAju's in Furong....JEST DON'T Bring the CJ OR ex-CJ, BUT DON'T forget your AMEX as they keep telling you CAPITALISTS, "Don't leave home without it!"

CHOW! 

which can mean

> Seya Later, OR >> Come, LET's MAkAN!

 :
:
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MEANw'le, DIGEST THIS 10-YEAR-OLD POST and see how the BN-UMNO'S VOTE_BUYING BRIBE1MALAYSIA can be replaced by a SOCIALIST "NEEDS-BASED" PROGRAMME TO BE FUNDED BY  OUR NATIONAL OIL CORPORATION plus CONCURRENTLY CUTTING DOWN ON BN'S CORRUPTION. ENTRENCHED AND SYSTEMIC, ESPECIALLY WORSENING WITH EACH PASSING YEAR FOR THE PAST TWO DECADES!

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Thursday, August 04, 2005


A PETRONAS FOUNDATION, ANYONE?

Last night, I caught up with an iron works proprietor-friend, semi-retired as he has passed the baton to his eldest son, and our conversation turned to the state of te country’s economy. Not only he was complaining of difficulty of advancing his business, he conveyed the news that many of his business associates reported that “things are slowing down” a lot the past six months.

This recalls for Desiderata another work colleague who runs a financial portal (klsetracker.com) who just returned from a business trip from up north. Even to close one contract o about RM20,000 with a listed company who definitely has need for his company’s data and information-based services, it was so difficult to progress the deal after several rounds of meetings.

Further bad news reported by this mGf who constantly updates me on business and economy matters, said a large company in Ipoh had just retrenched one-third of its workforce.

“I’m afraid to report the forecast for the economy is not good. It appears we are heading for a downturn worse off than the 1997/98 financial crisis.”


I don’t want to sound “alarmist”, but has the Government been adopting the right economic measures to meet a fast globalising world?

It’s sad, and alarming, to witness the recent PWTC stage crowded for a few days with UMNO politicians pushing issues of the 1970s and 80s, and 90s – and self-serving interests. How then do outsiders like me watching the acts on stage of delegates proposing that the APs be handed out to each UMNO division, plucking out from the present “concentrated in a few hands” to political branches. How do you reconcile TWO WRONGS -- does it ake it any RIGHT?

How do the rest of Malaysians watching as spectators have any confidence when the so-called domiant party of the ruling coalition that It’s Okay to continue the acts of Robber-Baronry, moving rent-collection from some tycoons’ coffers to pmore politicians’ pockets? Are they totalling blind or deaf to the cries of helplessness and laments of the common folks outof the Great Hall?

I don’t have confidence when there was hardly mention of any speakers touching on the effects of globalization, how it affects the nation’s automotive policy; of the threats from new giants like China and India,or even the removal of the Ringgit-USD peg, and also the Chinese yuan-USD peg at the same time. With these ill-informed actors on the PWTC stage seeing no further than their two-inch noses and the AP dollars, an NEP or re-defined one spells doom for a country now caught up with challenging times and external forces, but the majority of politicians' eyes are still focused around Putrajaya.

Nobody debated the continuing consumer goods'-price-in tandem with-petrol price increases – two rounds preceding the UMNO General Assembly – how the poor hawkers, rubber tappers or small-and-medium enterprises are hit badly, again and again, and the lower end market consumers, which must mean about 90 per cent of the public. (We can forget the upper market consumers who can afford to take annual family holidays overseas, but the trouble is that likely this segment of people are also pulling a lot of puppet strings of the power-brokers present on the PWTC stage.)

Back to mGf the iron works contractor – he wondered aloud how those rural folks are able to cope with each round of price increases that never fail to follow every petrol price increase. Yes, now the lorry and bus transport operators are already shouting for price adjustments upwards – so what Voice has the depressed PublicJoe?

MGf recalled seeing pitiful pictures carried in the media, especially from Sabah and Sarawak, showing schoolchildren braving the rickety bridges to reach school, every day risking their young lives.

Does any of the politicians care? Yes, Pak Lah does, I read daily of his assurances, but does his exhortations translate into actionable programmes?

MGF suggest maybe PETRONAS – the national oil corporation – can do more. One idea which he proposed – and Desiderata has similarly written via this Blog – is that it should be behaving as a trust organisation holding the national resource in trust on the Rakyat’s behalf, and using the riches and benefits accruing to really help the ordinary man-in-the-kampong and village.

It’s what I have been shouting here: THINK NEEDS, NOT RACE.

Maybe Petronas need not think of raising its oil subsidies. It can set up a PETRONAS FOUNDATION to do real, meaningful philantrophy.

Amazing Grace

The richest man in the world, BILL GATES, And his wife, have set up a Gates Foundation through which they plough back BILLIONS of the company’s earnings to help the peoples throughout the global village. That’s what is called CORPORATE RESPONSIBILITY.

In the last financial year ended March 2005, Petronas reported an after-tax profit of RM35.5BILLION. How about for a start, take out 10 percent – ie. RM3.55BILLION - to kickstart the Petronas Foundation?

Emulating the once-functioning Sabah Foundation, the Petronas Foundation can give out an annual dividend of RM2,000 to “poor” households – perhaps, those earning less than RM1,00 per month with one or two breadwinners? – and raising it to RM3,000 for those with less than RM700 per month, and RM4,000 for those earning less than RM500 per month?

Even the Government civil servants whose take-home salary is less than RM1,000 per months should be similarly entitled, this in the form of an annual bonus on top of the normal bonus declared occasionally.

Adopting this modus operandi, the nation’s oil resources are used to help those the maimum who need it most, and in a declining scale those slightly better off, with no financial assistance to those who are “deemed to have arrived” in the Malaysian society. (This is broadly defined as those whose earnings per month exceed RM5,000 who can afford an annual local holiday; well, for those eraing RM10,000 and above, they can take care of themselves…)

Let’s not squander our nation’s resources creating BILLIONAIRES or INSTANT MILLIONAIRES.
(Digresssing a little, an "instant billionaire" of the 1997/98 era who got into trouble is now aspiring to become a second echelon leader in one major BN component party -- no prize for guessing right! I mention this because Desi suffers more than just PWTC stage fright!):( The trouble our economy is in danger is because many of these ill-gotten Billions have found their way to Swiss bank unnumbered accounts. It’s only my guess, an educated guess.If only these Billions could be circulated within the country, then there won't be this malaise befalling the roadside hawker, and the average businessmen trying hard to earn an honest living -- through blood, sweat and tears, not via rent-collection!


One proposal to the government which it should immediately implement is to do away with the divisive highly practice of DIFFERENTIATED HOUSE PRICING. Why do you still need to offer 6-15 per cent discounts to people – Bumiputera or non-Bumiputeara who can afford to buy houses above RM150,000?

Surely if you can buy a RM300,000 bungalow, you should NOT receive any financial advantage anymore, because you are DEEMED TO HAVE MADE IT, fellow Malaysians? And that’s a rhetorical question – because I had at an earlier occasuion received a rebuttal that as his pay is only RM10,000 a month, he should still receive that 10per cent discount. To go to the United States or Europe for a vacation? Hey, there are some Malaysian brother snd sisters out there in the kampong or village just living on RM500 a month, sacrificing electrity for oil lamps, or even their children’s schooling so the child can controibute an extra RM3 a day to put food on the table.

It’s better to plough back these “discounted” amounts to subsidise low-cost or free housing. Regardless of race, creed, gender or region. Remember, Malaysia does not comprise Peninsular Malaysia alone, there’s Sabah and Sarawak too!


Malaysia has been described as a "Lucky Country" -- blessed with many valuable natural resources, with new petroleum discoveries buffering many of the nation's economic downturns. But we must also utilise these resources properly and meaningly.
Pak Lah may not want to iuncrease the oil subsidies, but how do you expect transport opearors not to raise prices when the pum prices are raised so often -- three times within the last 12 months! Who is there to lend the less well-off, now already struggling to get three square meals a day -- to cope with the inevitable price inflation.

Yes, by GOD'sGRACE, we are truly blessed. But do we have gracefully responsible stewardship of the nation's riches? That's the question -- to be accountable, or not to be, THat's not just Pak Lah's dilemma. It is every responsible Malaysian's dilemma.


PS: As I write this, I keep listening to THE AMAZING GRACE to keep my ranting in low keys, and low decibels, and of course, the spirits up, despite the haze and the kopi-o which just went up by another 10sen this morning at the central market.

Anyone supporting Desi with this suggestion to Petronas to initiate a Truly Malaysian Charity Act at our own doorstep to benefit All Malaysians in need, regardless of race, gender and creed?

Monday, June 01, 2015

Petrol Pump Price UPs By 10Sen from TOdie

YES> More bad news:(

FRom THe STar ONLine:(

Published: Sunday May 31, 2015 MYT 8:27:00 PM
Updated: Sunday May 31, 2015 MYT 9:18:32 PM

Fuel prices up 10 sen across the board for June

PETALING JAYA: Malaysia's fuel prices will go up at midnight, with a 10 sen hike across the board.
An announcement on the Domestic Trade, Cooperative and Consumerism Ministry website said RON 95 petrol and diesel would be priced at RM2.05 a litre in June, up from RM1.95 in May.
RON 97 fuel will cost RM2.35 per litre inclusive of the Goods and Service Tax, up from RM2.25 last month.
When contacted, Minister Datuk Seri Hasan Malek confirmed the fuel price hike.
This follows the Ministry's decision to set the market prices of petrol and diesel on a managed float, starting from Dec 1 last year.

DESIDERATA: DESI is mad on hearing the news; I hope MORE Malaysians will  get ON BOARD MY WAGONofRAGE. COME back for aMORE of my rantings as I need to go for my socialist BFto re-energise. YES, getting made takes out LOTS OF ENERGY, MAN!

MEAN&w'ile, chew your food slowly as it is Food4Thought this moUrn!:(

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FOLLowing is thy desSert to make ye ANGRY!, healthy extract from my blogpost of DEC 24, 2014:~~~~


Fuel prices up 10 sen from midnight, includes GST






Fuel prices will increase 10 sen a litre effective midnight. – The Malaysian Insider pic, May 31, 2015.Fuel prices will increase 10 sen a litre effective midnight. – The Malaysian Insider pic, May 31, 2015.Fuel prices will increase 10 sen a litre effective midnight, the Domestic Trade, Cooperative and Consumerism Ministry said in a statement tonight.
The new pump price from June 1 for RON 95 petrol and diesel will be RM2.05 per litre, and RM2.35 per litre for RON 97, it said in the statement posted on its Facebook page.
The price for RON 97 include the goods and services tax (GST), it added. – May 31, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/fuel-prices-up-10-sen-from-midnight-includes-gst#sthash.2qAc5hYL.dpuf

Fuel prices up 10 sen from midnight, includes GST






Fuel prices will increase 10 sen a litre effective midnight. – The Malaysian Insider pic, May 31, 2015.Fuel prices will increase 10 sen a litre effective midnight. – The Malaysian Insider pic, May 31, 2015.Fuel prices will increase 10 sen a litre effective midnight, the Domestic Trade, Cooperative and Consumerism Ministry said in a statement tonight.
The new pump price from June 1 for RON 95 petrol and diesel will be RM2.05 per litre, and RM2.35 per litre for RON 97, it said in the statement posted on its Facebook page.
The price for RON 97 include the goods and services tax (GST), it added. – May 31, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/fuel-prices-up-10-sen-from-midnight-includes-gst#sthash.2qAc5hYL.dpuf


Malaysia ranks No 5 in illicit outflows, GFI
PETALING JAYA: Malaysia lost over US$48.93 billion (RM170.7 billion) in illicit outflows in 2012, making it a cumulative US$394.87 billion during the 10-year period from 2003 through 2012, according to the international anti-corruption group Global Financial Integrity's (GFI) latest report.
In the latest update, GFI reported that a record US$991.2 billion in illicit capital flowed out of developing and emerging economies in 2012 alone, facilitating crime, corruption and tax evasion.
GFI's 2014 annual global update on illicit financial flows pegged cumulative illicit outflows from developing economies at US$6.6 trillion between 2003 and 2012, the latest year for which data is available.
The think-tank said due to Malaysia's downward trend in outflows since 2010, the country is now ranked fifth, switching places with India which climbed a notch to fourth.
GFI measures illicit financial outflows using two sources, outflows due to deliberate trade misinvoicing (Gross Excluding Reversals or GER) and outflows due to leakages in the balance of payments, also known as illicit hot money narrow outflows.
The GER methodology, which draws upon the International Monetary Fund's (IMF) Direction of Trade Statistics (DOTS) database in conjunction with its International Financial Statistics (IFS) database, estimates trade misinvoicing by looking for imbalances in reported export and import values between a country of interest and the world.
The vast majority of illicit financial flows – 77.8% in the 10-year period covered in this report – are due to trade misinvoicing.
Last year, Bank Negara Malaysia disputed the GFI figures, saying that the estimates of illicit outflow was overstated as the estimates in the report of trade mispricing had not been taken into consideration.
The central bank said then that the GFI estimates were essentially unrecorded financial flows, which were not necessarily synonymous with illicit financial outflows.
Asia continues to be the region of the developing world with the greatest volume of illicit financial flows, comprising 40.3% of the world total over the ten years of the study.
Titled "Illicit Financial Flows from Developing Countries: 2003-2012," the report finds that illicit outflows are growing at an inflation-adjusted 9.4% per year or roughly double global gross domestic product (GDP) growth over the same period.
"As this report demonstrates, illicit financial flows are the most damaging economic problem plaguing the world's developing and emerging economies," said GFI president Raymond Baker in a statement.
The outflows, he said, was already greater than the combined sum of all foreign direct investment and official development assistance flowing into those countries and are "sapping roughly a trillion dollars per year from the world's poor and middle-income economies."
"Most troubling, however, is the fact that these outflows are growing at an alarming rate of 9.4% per year – twice as fast as global GDP," Baker added.
He noted that it was simply impossible to achieve sustainable global development unless world leaders agree to address this issue head on.
"That's why it is essential for the United Nations to include a specific target next year to halve all trade-related illicit flows by 2030 as part of post-2015 Sustainable Development Agenda," he stressed.

DESI: Note that this latest data makes it a cumulative US$394.87 billion (RM1388.19 billion) during the 10-year period from 2003 through 2012 according to the international anti-corruption group.
The staggering amount puts Malaysia in fifth place for illicit outflows with India, Mexico, Russia and China leading the way in ascending order.

If you divide the absolute figures by the respective countries' populations, MALYSIA WOULD RANK NUMBER ONE! Cos all the other four countries have huge populations!

And our leaders are bickering over Christmas banners and publications using the "allah" term being not allowed, and now -- deserving a mention in world Guinness book of Records? -- some i.dot says it's Wrong for Muslaims to wish Christians "Merry Christmas" during this festive season. What have the God's gited brainsg bequetrhed to these F**King Malaysians have gone to? SDorry, Desi seldoms goes into this territory of using proF...words, but sometimes it's not even strong enough to express one's sentiments.

OK, I willlllrrrrread more Sherlock Holmes for Chhristmas tide, and try to guess the "culprits" before turning the last 13 pages!

PS @10.05PM: I WILL do a PART II Tomorrow to today's post and I will then show the RELEVANNCE OF THE READ Recommended to you earlier. BE Ms PATIENCE eh!? AWEways also a VIRTUOUS LADY!

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LUCKILY, a socialist buddy gifted mea NASI LEMAK WIT" UDANG, MY FAVE! 4HEARTY CAPITALIST BF-CUM-LUNCH, I"M BACK RE-ENERGISED. NO< I Did not drink PETRonas petrol, I WAnna live till DR M"S age, MAN!


BECAUSE this petrol price rise this moURn IS AN OLDE GAME RE-CYCLED BY THE SMARTALECKS AT THE FINANCE MINISTRY, LET ME JUST ALSO RE-CYCLE MY PREVIOUS LAMENT; Minta maaf if I Sound LONG-WINDED. BUT What to do? IT"S AN OLDE RECORD PLAYING!

LAMENT1 WIT' SLight EDiting OK!
 ( @3.33PM 1 JUNE, 2015:(~~~

Saturday, September 24, 2011


World oil prices fall, is the BN Gomen going to lower pump prices?

Desi has been lamenting year in and year out the Government is taking us for an expensive ride as far as us consumers -- especially ordinary average household car owners -- when world oil prices peak to USD140 per barrel, the BN government would raise prices at the pump citing "having to spend more on subsidies" on oil imports. But now that world prices have declined back to doubler digits, to almost half the peak prices, it remains elegantly or blatantly or bastardly silent about bringing down the prices. I think the Finance Minister would say that Petronas would be earning less, hence CONtributing less taxes to the government, so the government can;t lower prices. Both ways the pendulum swings, the consumers are F**KED! Desi seldom break into 4-letter compliments, but dare you have it, you guess it. More politely, I spelll it out -- whether world prices go up or down, YOUR GOMEN IS SCREWING IN UP FRONT AND BACK!

So the average Malaysian won't hear from the PM or Finance Minister wrt to the following news break:


NEW YORK - World oil prices fell on Friday as traders weighed uncertainty in the global economy that could shake demand.
New York's main contract, West Texas Intermediate for delivery in November fell 66 cents to $79.85 a barrel, one day after losing more than five dollars.
Brent North Sea crude for November dropped $1.52 to 103.97.
The market remained dogged by persistent worries over another potential recession in the United States and the deepening debt crisis in the eurozone.
The United States is the world's biggest economy, and the biggest oil-consuming nation. It has yet to fully recover from the 2007-2009 recession, which was the country's worst since the Great Depression in the 1930s.
"We've seen a few attempts to push higher but every time we got into positive territory we've seen selling interest rise again," said Matt Smith of Summit Energy.
"It's really that uncertainty and nervousness, general trepidation in the market which is taking away the impetus for the prices to go higher."
"The feeling is that after such a large sell off yesterday, nothing has been resolved, we haven't learned anything today so it is really just the case of people unwilling to buy going into this weekend when there is so much uncertainty." - Today

DESIDERATA: Desi will search his archives hear to reprise an old post commenting on when WORLD OIL PRICES BALLOON, and how the BN gomen laments it had no choice bbut to raise local petrol prices at the pump, which always without fail lead to yet another round of price inflation!

PS: As promised, here's from my archives:)
Archive1:


Thursday, June 25, 2009


Petronas profits rise, pump prices rise...

Petronas profits fall, pump prices also will rise soon...

Either way, you consumers are suckled. To the top people at the National Oil Corporation, the oil revenues/profits are for them to mainly enjoy, NOT for the Rakyat/citizens at large whose trust has been emplaced on these suckers and UMNO chieftains with the right cables who continue to plunder...

Does it really matter to the ordinary ciizen Joe like you and me whether Petronas achieved super huge profits like last Financial Year (and the immediate two years too?), and now currently reporting declining profits? Not one positive byte. When world oil pices rose, the Government lamented the subsidy element had risen, therefore pump prices had to be RAISED.

When world oil prices fell/are falling as now, the Government laments the Petronas' profits would fall, and therefore they might have to raise pump prices to make up for the shortfall in revenues accruing to the government's coffers.

"Heads you win, tails I lose." (This is my initial projection based on the previous lessons of Petronas-cum-Government followup actions after Petronas' annual announcement of financials. I will be happy to be proven wrong this time around, and God bless my fellow Malaysians it's the beginning of rolling good times ahead...This point was ADDED @6.25PM June 26, 2009 ~~ YLChong)

I am going to bed with a curse silently creeping stealthily onto my lips praying that those vultures in charge of my country's rich resourc would have just desserts after enjoying the free lunches on the tax-payers' behalf...
May God save us from these trustees,
I:
S:
A:
men.


From the Malaysian Inisder:



Petronas profit falls
UPDATED
By Lee Wei Lian
KUALA LUMPUR, June 25 — National oil company Petronas’s net profit declined by 13.9 per cent due to low oil prices and high production costs.
The group reported RM52.5 billion in net profit compared with RM61 billion the previous year.
Petronas CEO and president Tan Sri Mohd Hassan Marican does not expect oil prices, currently around US$50 a barrel compared with a high of over US$140 last year, to improve any time soon.
"Fundamentals do not justify the prospect of high prices," he told the media during a briefing on the group's financial results.
"Demand is down and spare capacity has increased. My own opinion is that the current prices are due to speculative trading and the depreciation of the US dollar. We are still in a low price and high-cost environment till the global economy improves."
The Petronas group's revenue increased by 18.4 per cent to RM264.2 billion compared with RM223.1 billion the previous year.
"Our performance is on par with other major and national oil companies," said Hassan.
Looking forward, the company, one of the most profitable in Asia, expects to invest about US$12 billion (RM42 billion) this year of which 60 per cent will be to develop domestic upstream and downstream capabilities and the rest to develop new international hydrocarbon reserves.
It will also look to bring down costs by as much as 30 per cent to help its bottom line.
"We will talk to our contractors to bring down costs," said Hassan.
He added that the company's cash position is "very comfortable" but does not rule out raising funds via borrowings due to attractive interest rates.

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Archive2:


Friday, June 29, 2007


Petronas profits surge, but pump prices rise...

The National Oil Corporation, PETRONAS, continues its profitable run while the oil pipelines gush on, and on, but where does the ordinary Malaysian figure in these flows of God-blessed riches?

Oil is the country's natural resource -- but do we The Rakyat have any real taste of the past few years' burgeoning oil profits -- RM35.5bil in FYE March2005 followed by RM43.6 billion (NOW re-stated as RM43.1bil) in FYE March2006, culminating with the latest financial year ended March 31, 2007 in a bumper harvest of net profit of RM46.4billion.

Pak Lah must be grinning from ear to ear and may just continue with his never-ending honeymoon abroad. No wonder he could give a handsome pay rise to Government servants -- which I don't begrudge as long as they deliver and improve on productivity! And maybe the logical expectations the Prime Minister would splash on the 50th Merdeka celebrations to create another "feel good" factor, then call the next General Elections. Predictable.

But while profits keep surging, the pump prices also surge in tandem...

DOES THIS ADD UP?

Another predictable -- Petronas would just maintain its elegant silence like in the past two years.

You, dear ER, tell Desi while I take a break and look up last year's comments. I plan to RE-CYCLE because the rationale has not changed. Of course, I am a greenie when the circumstances suit Desi. And if the Government declares a bonus to Malaysians as Merdeka 50th Anniversary Celebrations, I will even turn Government supporter. For the month of August 2007. Can have some oil dollars to celebrate. We can THINK ALLOWED, even DREAM ALOUD, can't we?

From The NST,

Petronas pumps up record RM184b revenue
June 29 2007


PETROLIAM Nasional Bhd (Petronas) yesterday reported an 8 per cent increase in net profit to RM46.4 billion for its year ended March 31 2007.

The increase which came on a record revenue of RM184.1 billion was driven largely by increased demand for its petroleum products and the higher crude oil prices.

Revenue for the year was RM184.1 billion and pre-tax profit was RM76.3 billion, both increasing about 10 per cent from the previous year, Petronas president and chief executive officer Tan Sri Mohd Hassan Marican told a press conference in Kuala Lumpur.

Petronas' balance sheet continued to strengthen with total assets rising 7.8 per cent to RM294.6 billion while shareholders' funds expanded 16.3 per cent to RM170.9 billion while return on average capital employed remained high at 40.9 per cent.

In short, Mohd Hassan said, Petronas either matched or bettered performances of other major oil players and national oil companies, given the challenging global environment in the industry during the year under review.

Crude oil prices stayed high in 2007 as demand outstripped supply.

Meanwhile, supply disruptions in Alaska and Nigeria, and continuing geopolitical tensions in the Middle East, raised more concerns over security of supply.

Refined petroleum products remained top revenue generator for Petronas, with sales amounting to RM62.7 billion or one third of total revenue.

Revenue from the sale of crude oil and condensates rose to RM45.4 billion compared with RM41 billion registered in the previous year, as a result of higher sales volume as well as stronger crude oil prices.

"Sales volume increased from 184.9 million barrels to 192.4 million barrels, contributed by new crude oil production from Turkmenistan and Sudan," he said.

He said liquefied natural gas (LNG) continued to be the largest revenue contributor for the group.

"Sales volume increased by 2.1 per cent from 23.6 million tonnes to 24.1 million tonnes on the back of higher volume produced from the group's Egyptian LNG, by 1.4 per cent from RM28.5 billion to RM28.9 billion," he said.

The group's revenue from the sales of petrochemical products rose 9.4 per cent to RM13.9 billion from RM12.7 billion on the back of higher average realised prices.

Manufacturing revenue climbed to RM102.9 billion from RM97.6 billion the previous year.

"Without manufacturing activities, group revenue would be reduced by one-third annually," Mohd Hassan said.

Petronas also continued to reap benefits from its globalisation strategy, with its international business revenue, which comprises revenue from international operations and exports from Malaysia, up RM10.9 billion to RMRM141 billion, accounting for 76.6 per cent of total revenue.

In the period under review, Petronas secured six production sharing contracts overseas, namely in Indonesia, Egypt, Timor Leste, Pakistan, Cuba and deepwater offshore Vietnam.

On the strengthening ringgit, Mohd Hassan said it had a negative impact on the financial results of the group as Petronas conducted its business in US dollars.

"The exchange rate impact on the revenue totalled RM7.2 billion," he noted.

The group's total capital expenditure (capex) for financial year 2007 expanded to RM21.6 billion from RM18.7 billion, with the bulk of it going to domestic projects.

Overall, the group's total reserves increased 2.5 per cent to RM26.49 billion barrels of oil equivalent (boe) from 25.85 billion boe, of which almost 25 per cent was from international ventures.

Average total production was up 7.1 per cent to 1.71 million boe per day from 1.6 million, with international operations accounting for 34 per cent of the combined production compared with about 27 per cent last year.

In the retail sector, Petronas plans to add another three retail stations in Indonesia and acquire 27 sites for future expansion.

"The group also continued to strengthen its position in Thailand's petroleum pro-ducts market with 117 retail stations and successfully entered the aviation sector during the year," Mohd Hassan said.

DESIDERATA:

I promised some "re-cycling", so here's Cut&Paste froma year-ago entry, edited to show only relevant and critical points:

*************** Re-CYCLING STARTS HERE! ****************


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A sum of net profit of RM43.6billion i.e. RM43,600,000,000 in one business entity that is equivalent to one year's Government budget allocation for the country under the 9th Malaysia Plan, and one F***ed up reader thinks Desi is over-spending time discussing the ISUUE.

I think ALL CONCERNED MALAYSIANS HAVE BETTER SIT UP TO DISCUSS THE ISSUE.

What ex-PM Tun Dr Mahathir Mohamad hinted at has been confirmed officially with yesterday's PETRONAS RESULTS -- minus the RM30billion paid as taxes to the Government, the national oil corporation has NET PROFIT OF RM43.6BILLION -- is it too much to expect that instead of raising OIL PRICES at the pump, they should be decreased?

I have argued on the same topic that every time the world oil prices head north, out local pump prices should head south ... because MALAYSIA IS A NET BENEFICIARY FROM THE UPWARD PRICE TREND WORLDWIDE AS WE GET MORE REVENUE.
DO YOU FOLLOW THE LOGIC HERE?


IT's just that Petronas is not transparent nor accountable to the people (via Parliament) on how it spends its monies.


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"
Kim Quek said...

'We have shown better margins and returns than the majors,' Tan Sri Hassan said.

This statement is blatantly dishonest, as the bulk of Petronas' so-called profits are derived from the the petroleum producers in this country through the "production-sharing" agreements signed between Petronas and these producers. For these incomes from crude oil and gas, Petronas need not have to spend a single dollar in the exploration, production and capital costs relating to these productions.

If Petronas and the Prime Minister have been honest to the people, such incomes derived from the "production-sharing" agreements should have been seprately stated in the accounts, and deducted from its total profits. Only then could we ascertain how profitable is Petronas' operation.

Friday, June  30, 2006 1:40:19 PM


"H J Angus said...

Make the PETRONAS' accounts public and we can all make a good analysis of how effective the government has been to take care of this vital asset of Malaysia.

At the moment it seems to be the personal fund of the PM as even our MPs are kept in ignorance.

Friday, June 30, 2006 3:57:31 PM "

PS2 @10.09PM JUNE 1, 2015did inform my alert ER THAT I had been anxiously waiting for PETRONAS' FINANCIAL RESULTS YEAR ended DEC 31, 2014 when I reported that it had suffered losses amounting to RM& to 8billion for the QUARTER of OCT. NOV & DEC 2014, the first such loss for the past 7 (I stand corrected...) years. 

NORMALLY, THE RESULTS ARE ANNOUNCED IN THE MONTH OF MAY THE FOLLOWING YEAR. BUT THESE ARE NOT NORMAL TIMES EH! Thinking Aloud, Still Allowed hear -- is PETRONAS BUYING TIME TO DO SOME CREATIVE ACCOUNTING MEANW'ILE?

SEya tomorrow, if Desi wakes up to see the beautiful sunrise OK!