- Koh barking up the wrong tree on Putrajaya
- Nurul’s unanswered challenge to Mahathir and Ibrahim
- PAS confident of retaining Galas
- 100 policemen against 50 Perkasa members!
- A Global Movement of Moderates?
- 'UUCA unconstitutional': No, says High Court
- Malaysia: Not getting lost in the shuffle!
- Adakah UMNO Ikhlas Untuk Menyatupadukan Melayu?
- Bahrain Tycoon Says Bumi Policy Can Scare Away Investors - By Yow Hong Chieh.
- CSM for Kim Quek, and he's a dedicated reformist writer...
- 当年收购南洋没做错 蔡细历不道歉
- Veteran UMNO Keluar Parti Ketika Hadiri Rumah Terbuka Cabang Rembau!!
- RACIAL SLUR..”IT TAKES ALL OF US..??”
- Istana type intrigues
- Sodomy trial a blot on investment radar: DPM
- No way home for Bakun natives
- Send BTN deputy director for counselling: MCA president Dr Chua
- WHEN THE SCALES RING A WARNING BELL.....
- Tricia Yeoh ... Road to Reform
- 5 Ways To Transform The Economy
Posted: 28 Sep 2010 07:00 AM PDT
By Joe FernandezCOMMENT Judging from his more recent pronouncements in public, Gerakan president Koh Tsu Khoon continues to indulge in wishful thinking while living on hope. Either he's too comfortable in his current position at the Prime Minister's Department, a misnomer for a hyper ministry, or wants to shamelessly curry favour in public with his political masters in Umno.
Koh is convinced that Pakatan Rakyat, the opposition alliance, will never get its hands on Putrajaya, as if Umno has somehow made a pact with the Devil himself to rule Malaysia forever, if not having a divine mandate. This reminds us of similar stories on Sarawak Chief Minister Abdul Taib Mahmud and the seven bomohs who reportedly help keep him in power.
Posted: 28 Sep 2010 07:00 AM PDT
By Kim QuekCOMMENT Amidst the recent heightening of racial rhetoric, mainly originating from Umno, former prime minister Mahathir Mohamad created a minor sensation when he warned that Malays will lose their power and a Chinese or an Indian may become prime minister, if the opposition Pakatan Rakyat were to come to power.
This statement was immediately rebutted by Nurul Izzah, Lembah Pantai MP, and eldest daughter of opposition leader Anwar Ibrahim.
Posted: 28 Sep 2010 10:30 AM PDT
Posted: 28 Sep 2010 09:31 AM PDT
About 50 people staged a peaceful anti-Namewee demonstration in front of the Chinese Assembly Hall in Jalan Maharajalela, Kuala Lumpur around 8.30pm last nite.
The demo was a usual one, just like others. However, when some 100 policemen came to disperse them, it turned out to be a farce. 100 against 50! When I organised the demo at the Australian High Commission earlier this year, there were only about 30 policemen against 500 demonstrators.
I guess the presence of Perkasa members sent down shiver, either to the police or those inside the Hall. Namewee, now a 'superstar' in inciting racial disharmony, was inside for his latest album recording (here).
Wira Perkasa Malaysia head Arman Azha Abu Hanifah who headed the gathering tried to enter the building but he was prevented by the police.
I can see that the label 'Perkasa' is getting strong recognition from the non-Malays. Good la...
Posted: 28 Sep 2010 08:45 AM PDT
By Benjamin Domenech, from an influential American online portal the Real Clear World who wrote this about Malaysia and what Prime Minister Dato' Seri Najib Tun Razak said at the United Nations Gemeral Assembly in New York.
Obama and leaders from moderate Muslim countries!
In New York City this past weekend, discussion surrounding the US-ASEAN summit has inevitably turned to the topic of moderate Islam, and what role nations like Malaysia will play in the future as relates to the foreign policy interests of the United States. I've written about this issue before, and it's worth noting the remarks made by Malaysian Prime Minister Najib Razak in his maiden address to the United Nations General Assembly today, in which he called for a "Global Movement of the Moderates" to reclaim the public square from, as he sees it, radicals and extremists who misrepresent the ramifications of their faiths:
"It is time for moderates of all countries, of all religions to take back the centre, to reclaim the agenda for peace and pragmatism, and to marginalise the extremists.
Najib is staking some progressive ground here in making this call for stability and moderation, and he's one of the few leaders in the Muslim world who can do so. The question that this raises, assuming you agree with his view, is how this public square might be reclaimed without rough tramping over free speech and other individual rights. It is far more appealing for the news cameras, after all, to talk to the lone pastor who wants to burn books than the thousands who do not.
Finding this balance is important. The fact that such a call can be made now - not by the West, but by a key Muslim political leader - is at least a positive sign.
Posted: 28 Sep 2010 08:06 AM PDT
Posted: 28 Sep 2010 08:18 AM PDT
It's even more crowded than usual here in New York during the United Nations General Assembly—and with the world's leaders bunched together in one city, it's easy for less publicized figures to get lost in the shuffle.
It's also easy to get lost among the myriad voices clamoring for the United States' attention, but Malaysia has been careful to ensure that its message is not overlooked this week in a news cycle normally dominated by larger nations.
In an interview with Malaysia Watcher yesterday in New York, Prime Minister Dato Sri Najib Tun Razak, outlined several ways in which Malaysia is uniquely situated to help not only its own people, but also other nations, specifically other Muslim-majority countries and the United States....Read more here!
Posted: 28 Sep 2010 07:46 AM PDT
UMNO harus tarik diri daripada pilihan raya tersebut untuk mengelakkan pergesaran politik dengan PAS? supaya menyatupadukan orang Melayu di Galas? UMNO sering kata PKR dan PAS telah memecahbelahkan Melayu jadi adakah UMNO akan membuktikan keikhlasan mereka kali ini?
Aku ada beberapa untuk UMNO tentang pilihnraya kecil N45 Galas:
1) UMNO sering kali menyeru Melayu untuk bersatu dan elak daripada berpecah?
Sekiranya ya, UMNO harus tarik diri daripada pilihan raya tersebut untuk mengelakkan pergesaran politik dengan PAS? supaya menyatupadukan orang Melayu di Galas? UMNO sering kata PKR dan PAS telah memecahbelahkan Melayu jadi adakah UMNO akan membuktikan keikhlasan mereka kali ini?
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2) UMNO kata pilihanraya kecil membazirkan wang?
UMNO sering kata pilihan raya kecil telah membazirkan wang rakyat. Seruan ini sering kali didengar ketika pilihan raya kecil di Permatang Pauh iaitu Wan Azizh meletak jawatan untuk membolehkan Anwar kembali ke Parlimen. Jadi adakah UMNO kali ini akan menyerahkan kerusi tersebut kepada penyadang sebelum ini iaitu PAS? selain itu, projek-projek magi mee di kawasan tersebut juga harus dihentikan untuk menjaga wang rakyat.
3) UMNO sering kata PAS adalah boneka DAP?
Adakah UMNO kali ini akan bertanding sendiri tanpa kerjasama dari parti komponen seperti MCA, MIC, Gerakan?
Saya masih tunggu UMNO untuk mengotakan janji mereka!!!
Galas: PAS minta BN tak tanding demi perpaduan Melayu
KOTA BARU, 28 Sept – PAS Pusat menyarankan supaya Barisan Nasional (BN) berkompromi dengan menyerahkan kerusi kepada parti PAS pada pilihan raya kecil Dewan Undangan Negeri (DUN) Galas.
Timbalan Setiausaha Agung PAS Pusat Datuk Takiyuddin Hassan berkata langkah itu perlu demi perpaduan Melayu dan mengelakkan pergeseran politik terus berpanjangan antara kedua-dua parti induk orang Melayu itu.
Katanya adalah wajar jika kedua-dua parti itu tidak bertanding pada pilihan raya kecil itu jika ingin melihat perpaduan di kalangan orang Melayu yang menjadi agenda utama negara.
"Bagaimanapun, adalah lebih baik jika kerusi itu diserahkan kepada PAS memandangkan kerusi DUN itu disandang oleh calon daripada parti berkenaan," katanya kepada pemberita ketika ditemui pada sidang media di Pameran Tortura iaitu alat penyeksaan di zaman pertengahan Eropah di Muzium Negeri di sini, hari ini.
Che Hashim Sulaima, 46, daripada PAS, meninggal dunia akibat barah usus semalam.
Pada pilihan raya umum ke-12 pada 2008, Che Hashim memperoleh 4,399 undi mengalahkan calon BN Mohd Saufi Deraman dengan majoriti 646 undi.
Takiyuddin berkata dengan cara demikian juga ia akan dapat menjimatkan perbelanjaan kewangan kedua-dua pihak dalam pilihan raya kecil. – Bernama
Posted: 28 Sep 2010 07:36 AM PDT
Malaysia risks scaring away foreign investors if it insists on pursuing Bumiputera affirmative action policies, a top official of a major Bahrain conglomerate said today.
"There is one thing Malaysia has to be careful of. You have a 'delightful' law here... where you give the local population certain seats or certain preference or certain licences," Kanoo Group deputy chairman Mishal Hamed Kanoo told reporters at the "Dawn of the New Decade: Alternative Investments in Asia" forum here today.
"If you do that and foreign investors want to come in — they're not used to this idea — you might scare them."
Kanoo Group is one of the biggest independent companies in the Gulf region of the Middle East. It is also a partner with Malaysia's CIMB in the CIMB-Kanoo Islamic Investment Company.
Likening the government's pro-Bumiputera policies to covering one perceived "sin" with another, Kanoo later told The Malaysia Insider that only competition could ensure that the country developed the best products and achieved the best results.
"I don't mean competition as in nasty, killing each other but competition [in the sense] that I want to be there or I am there because I deserve to be there, rather than because somebody has taken my hand or I was born under a certain star," he said.
"These things should be taken away so that the best and the brightest become the best and the brightest... not because they know there's no competition [but] because they know there is competition and that they are better than the competition. That's what drives things."
Drawing parallels between Bumiputera equity quotas and Saudi Arabia's policy of "Saudisation", Kanoo said such requirements were an unnecessary "extra hassle" that only burdened potential foreign investors wanting to do business in Malaysia.
"For a foreign entity coming into this market not knowing these things and then discovering these things, they're not going to be too happy," he said.
However, he pointed out that Malaysia was still regarded highly by the Islamic world, and remained well-positioned to leverage its competitive advantages as the premier Islamic financial centre outside of Bahrain and potential international hub for Islamic food marketing.
Kanoo nonetheless cautioned that Malaysia first needed to address its "internal issues" before it could begin to move forward in the right direction.
"I find it strange. Malaysia is seriously a success story, and I think Malaysia's worst enemies are the Malaysians themselves," he observed.
Courtesy of The Malaysian Insider
Posted: 28 Sep 2010 07:23 AM PDT
Nurul Anwar's unanswered challenge to Mahathir and Ibrahim Ali
By Kim Quek
Amidst the recent heightening of racial rhetoric, mainly originating from the incumbent ruling power Umno, former premier Mahathir Mohamad created a minor sensation when he warned that Malays will lose their power and a Chinese or an Indian may become prime minister, if opposition Pakatan Rakyat were to come to power.
This statement was immediately rebutted by Nurul Izzah Anwar, member of parliament for Lembah Pantai at Kuala Lumpur and eldest daughter of opposition leader Anwar Ibrahim.
In a hard-hitting statement on Sept 24, Nurul accused Mahathir of playing the race card to incite racial animosities and to perpetuate the "Politics of Fear". The cornerstone of this age-old, race-centric strategy of Umno was Article 153 of the Constitution, which Nurul said Umno has used as a "political instrument of deceit and despair". Through mass indoctrination that constantly plays the victim mentality that "degrades, confuses and paralyses the community", Umno has caused the Malays to be "enslaved intellectually and emotionally". Nurul said the purpose of all this is to maintain political hegemony so that the few ruling elite can continue to enrich themselves "through corruption, abuse of power and undermining the Constitution relentlessly".
To counter such politics, Nurul offered the "Politics of Hope and Liberation" which would transform the Malay mind from misguided fears to one that would "create a confident and liberated community". She then "humbly offer" to debate with Mahathir to "clarify if his 'fear' for the Malays is really about loss of power or in reality loss of wealth for the chosen few".
Not unexpectedly, Mahathir has maintained his 'elegant silence' to this offer.
Malaysia or Malaysaja?
Interesting, shortly before this incident, Nurul also suggested an "honest constructive dialoque" with Ibrahim Ali, head of Umno's ultra racist wing Pekasa which is under the patronage of Mahathir Mohamad. Nurul's offer was contained in her article dated Aug 31, titled "The ultimate Malaysian debate: Malaysia or Malaysaja?" (Malaysia or Malays Only?) which was actually written to quell Perkasa's seemingly endless championing of 'Malay rights' which had escalated racial tension and raised political temperature by many notches. Perkasa's vocal spokesmen Ibrahim and Mahathir seem hell bent – through such vociferous bickering – to stop Prime Minister Najib Razak from implementing his New Economic Model which is supposed to liberalise the economy from the clutches of the economically stifling, much corrupted and skewed New Economic Policy that heavily plays on 'Malay rights'.
Nurul's article of Aug 31 is in fact an important document that probes deep into the current Malay dilemma that has confronted so many Malays, and by extension, the entire country.
In her article, she explores, analyses, as well as answering some of these crucial questions:
* · What exactly are 'Malay rights'? What is the constitutional basis of these rights? What exactly is stated in the famous Article 153 upon which the entire clamour for all kinds of racial privileges seems to have been built? What sort of racial preferences are included and what are excluded in this Article 153?
* · What is the nature of Malay discontent? What are they unhappy about?
* · What are the true causes of failure to uplift the Malay standard of living despite heavy dosage of the New Economic Policy?
* · What are the real solutions to overcome these predicaments?
* · What are the serious consequences to the country if racial bigotry were to triumph over rational solution if 'Ketuanan Melayu' advocates win the next general election?
Nurul proposes, in her article, to have an "honest constructive engagement or dialoque" with Perkasa to reach better understanding on key issues and to jointly look for real solutions.
By all measures, Nurul's article is an outstanding achievement, for having accurately dissected Article 153, distinguished facts from myths, analysed ambiguous notions, pin-pointed real causes and solutions, and above all, shone with earnest sincerity and honesty to work out common ground for the benefit of all.
Wanton police acts defamed the nation
But alas, what did she get in return for such gallant effort? Instead of being heaped with accolades and positively reciprocated, she was summoned to a police station where she was subjected to investigation for alleged breach of the Sedition Act based upon a police report lodged by Perkasa earlier accusing Nurul of 'questioning' the Constitution in her article!
What a great joke! The one who should be hauled up in the police station for questioning should be the complainant, Perkasa representative Zaira Jaafar, for having made such an unfounded accusation. The latter should have been punished or at least warned on the serious consequences of making a false police report and falsely defaming others.
Of late, there has been an alarming increase in police wantonly abusing its power to harass the opposition and dissidents, by subjecting them to investigation on frivolous grounds, confiscating their books illegally, and even arresting them arbitrarily, such as the most recent case of cartoonist Zunar, who were arrested and shuffled around from one police station to another for not less than six times while all the time unable to make up their mind what law to use to charge him.
By such disgusting display of illegitimate political partisanship and lawlessness, the police have defiled the image of the country and further lowered our grade (which has already reached rock bottom) as an investment destination. And needless to say, such fragrant trampling of the people's fundamental rights has caused their political masters BN to lose more electoral support than they could ever imagine.
Now, turning to Mahathir and Ibrahim Ali's shyness to at least make a decent response to the reasoned proposition of Nuruh Izzah Anwar, we can only conclude that the hue and cry they have been making over the alleged peril to the Malay race cannot withstand the test of rational scrutiny. They know the truth but are only pretending not to know it. And their refusal to engage in any public debate or dialogue only means that they are not prepared to have their masks taken down.
Posted: 28 Sep 2010 07:18 AM PDT
蔡细历今日在媒体追问下指出，马华将世华媒体的3.60%股权脱售给Asia Assurance Berhad。
Posted: 28 Sep 2010 06:43 AM PDT
Dari Blog Edyesdotcom
Berlaku di majlis jamuan hari raya dan rumah terbuka Keadilan Cabang Rembau, seorang veteran UMNO yang pernah menjadi ADO Jempol, bekas s/u sulit Reily Jefry ketika itu Menteri Kerja Raya, juga bekas s/u sulit lim liong sik, bekas pimpinan pemuda UMNO Teluk Kemang dan sekarang ini sebagai usahawan berjaya.
Veteran yang cukup dikenali sebagai kawan rapat Isa Samad (sehingga sekarang), telah terbuka hatinya apabila mendengar pidato Chegubard yang banyak menyentuh isu keselamatan rakyat dan isu gadaian maruah bangsa yang dilakukan oleh UMNO.
Dengan rasa insaf, dengan fikiran terbuka, veteran berumur 62 tahun (yang biasanya takkan berubah dari menyokong UMNO) dengan begitu semangat mengumumkan keluarnya dari parti keparat UMNO!! Dan beliau yakin, ramai lagi rakan-rakannya dalam UMNO akan mengikut jejak langkah beliau.
Beliau adalah Hj Md Noor Daud.
Perkara ini berlaku secara spontan, atas keinsafan seorang insan yang kita selalu jangkakan hidup dan matinya untuk UMNO semata-mata. Tetapi perkiraan politik Malaysia hari sudah sangat berbeza dan telah melalui fasa-fasa perubahan yang menampakkan kesan positif.
Kerana hari ini, bukan hanya anak muda yang berjaya melepaskan diri dari kongkongan 'projek pembodohan rakyat' tajaan kerajaan Barisan Nasional, malah pengundi di saluran yang paling sukar untuk ditembusi, paling sukar untuk dirayu undinya juga boleh direformasikan dengan pendekatan yang menjurus kepada realiti. Percayalah bahawa mereka yang berumur ini tidak berminat dengan frasa-frasa retorik kerana resamnya bagi seorang veteran, mereka terlebih dahulu merasa garam.
Saya berani jamin, ini bukanlah satu kes terpencil. Ramai lagi penerima pencen akan beralih arah kerana tidak lagi mempunyai ikatan berbentuk risiko sekiranya mereka menyebelahi pembangkang. Saya yakin seperti yang disebut oleh Md Noor Daud, bahawasanya ramai lagi rakan-rakannya akan menyonsang arus bagi merentas perubahan demi untuk memastikan kesilapan mereka suatu masa dulu dapat ditebus, walaupun tidak dapat mengembalikan jumlah sebenar tanah rezab melayu yang telah tergadai.
Jika kita sebagai anak muda mempunyai peluang, tarbiyah dan pujuk jika perlu supaya orang-orang terdekat memahami apa yang diperjuangkan oleh Pakatan Rakyat. Supaya mereka melihat komponen-komponen dalam Pakatan Rakyat adalah wadah yang paling sesuai untuk berjuang, tidak kiralah apa lingkungan umurnya. Masih belum terlewat untuk mereka yang biru tegar meninggalkan parti lama dengan politik lama dengan menyertai parti baru dengan politik baru - iaitu memulangkan harta kekayaan negara kepada rakyat.
Masih lagi belum terlambat untuk setiap saudara sekampung kita yang berada di sebelah sana untuk berhijrah, sepertimana pepatah orang putih yang berbunyi 'better late than never'. Ingatlah, mereka yang menyertai Pakatan Rakyat, mereka yang menyertai Parti Keadilan Rakyat, adalah mereka-mereka yang berani!
Sumber : http://edyesdotcom.blogspot.com/2010/09/veteran-umno-keluar-parti.html
Posted: 28 Sep 2010 06:11 AM PDT
RACIAL SLUR. If you have any friends left or have they started to look at you one kind in the eyes.National Civics Bureau (BTN) deputy director Hamim Husin.
GOD BLESS YOUR SOUL IF YOU DO NOT KNOW WHAT YOU HAVE STARTED . HOW COULD YOU..?? Read here:-Why did you need to call Chinese as "si sepet mata" (slitty eyes) and Indians as "kaki botol" (alcoholics).
In the year 2008 May 18th we wrote :- Ugly-Head fighting back
Posted: 28 Sep 2010 06:27 AM PDT
The Malaysian Insider - MCA, DAP flay BTN, demand punishment for 'racist' official.
If PM Najib doesn't watch out, by the time he returns, Muhyiddin will be the puppet PM with someone pulling the strings.
While the two school principals might have been indiscreetly spontaneous in their racist outbursts, I doubt the BTN deputy director Hamim Husain would have dared, in the immediate wake of the school scandals, to act so unbelievably racist without a wink and a nod from above.
It's obvious 'someone' is deliberately escalating the racial tension to either create another situation for a possible Ops Lallang 2 and/or perhaps even declare some form of national security emergency to delay the general election and buy time for BN, or to depose Najib off swiftly in the way AAB was deposed.
Once I was discussing Malay politics with a Chinese friend when he exclaimed how the Malay body politics was so full of intrigues, Machiavellian manoeuvrings and, contrary to perrenial Malay proclamations of how much they treasure loyalty, full of treachery.
Notable events would be the history of the Sultanates from early Malacca right down to present day Kelantan – and how Tun Razak conducted a coup d'etat against a broken hearted Tunku.
He then reminded me on how Dr Mahathir, one of the longest serving PMs and probably the most influential voice in Malay politics, was so effectively boycotted and marginalized by AAB's 4th Floor boys and worse, unconscionably betrayed by a host of his erstwhile Kedah sidekicks (Baharum, Aroff, etc) who had benefitted during his reign and from his generous largess.
In other words there is no such thing as loyalty in Malay politics – that value perished together with Hang Jebat in the 15th Century.
He commented on how infantile Chinese body politics in this country is by comparison, and attributed the depth of Machiavellian Malay political manoeuvrings to their history of and experience in palace intrigues.
I protested that Chinese too had their share of palace intrigues, perhaps even of a worse kind, but he pooh-pooh-ed me off, saying the Chinese who migrated to Malaysia were the politically naive Southerners, basically peasants and not the more politically devious Northerners, who dominated royalty, court nobility and palace courtiers.
Chinese Malaysians are children of peasant stock? Wakakaka.
OK, back to Malaysia - I have to admit that for a while I thought Dr M would still hutang budi the late Tun Razak and thus tolerate if not mentor his son Najib to stay on as PM until the latter's time for retirement, but now I wonder?
There's no doubt Dr M doesn't like the way Najib is going. Has he decided to get rid of the PM before the latter's politico-economic policies screw up the future for his son?
If that's the case, how long can Najib hang on?
Posted: 28 Sep 2010 04:24 AM PDT
Posted: 27 Sep 2010 08:54 PM PDT
Posted: 28 Sep 2010 04:24 AM PDT
KUALA LUMPUR: National Civics Bureau (BTN) deputy director Hamim Husin is no longer fit to hold his position and should be sent for counselling and retraining, MCA president Datuk Seri Dr Chua Soi Lek said.
He said Hamim did not understand the concept of democracy when he proclaimed Malay rights as a mandate to rule the country.
"He obviously does not know what democracy is all about. In a country that practises democracy, it is the rakyat who determines who rules the country," he said after the party presidential council meeting at Wisma MCA here Tuesday.
Dr Chua said Hamim, who it was reported on a news portal Monday, allegedly used derogatory terms on the Chinese and Indians, should also be transferred out to a desk job.
On whether the Sedition Act should be used against Hamim, Dr Chua said it was up to the Attorney-General to decide.
THE STAR (September 28, 2010)
Posted: 28 Sep 2010 02:04 AM PDT
This could easily be me struggling to zip up my jeans.
The other day I dug up my favourite pair of jeans from the cupboard. It has been months since I last wore them. To my horror, I had to struggle to zip up. What used to be a snug fit was now a tight fit. I knew I was in trouble when the bathroom scales read 56.4 kg.
My ideal weight is 52 kg. Anything beyond that means I haven't been physically active enough. If your daily routine is anything like mine, we sit too much. We may not realize it, but many of our daily activities involve sitting down, often for hours on end: working at the pc, reading, watching TV, listening to music, attending meetings /seminars, marking assignments, chatting with friends over tea, taking meals, driving, waiting... Before we know it, we are several kilos heavier than we would like to be.
Thanks to years of going to the gym, road running and qigong exercises back in the 1980s and 90s, I've managed to keep obesity at bay. But since a major operation two years ago, I've slacked off on my exercises. The kilos have started to pile up, and I can see unwanted flab here and there.
As of 3.18pm today, I've walked 6057 steps. Still half the day left to get the numbers up to 10,000.
Nothing like brisk walking at our age to shed off those extra kilos, and give the heart a good workout at the same time. I've bought a pedometer to keep track of the number of steps I take a day. The good doctor says we should aim for 10,000 steps. Some days I fall short. But I tell myself a few thousand steps is better than a few hundred.
Source: The Sunday Star 26 Sept 2010. Click on image to enlarge.
The Sunday Star carried an excellent article "A Physical Reminder" about what we can do to keep our weight down. Exercising is one way to beat chronic diseases like diabetes, heart diseases and cancers that plague older people. The others are adopting healthy eating habits and an active lifestyle.
It's a constant struggle to maintain good health. But we owe it to ourselves and our families to take responsibility for our health. I am sure none of us want to spend our retirement years struggling with pain and hefty medical bills.
Posted: 27 Sep 2010 11:24 PM PDT
Posted: 28 Sep 2010 12:31 AM PDT
I think I have been make amends to my previous post by writing what I expect the transformation of the Malaysian economy to be like.
1. External Environment
We have to take cognisance of the external environment - what we expect it to be like until 2020 and how are we going to react to it.
While the United States is still the largest economy in the world, there is a now a formidable global economic force in China and some say India. Europe will remain the centre of luxury products to feed the new rich of Asia. Indonesia may see a sharp transformation of its economy if it manages to lock into China through the new and quite impressive ministerial team.
The opportunities for Malaysia will still be in commodities, with focus now on palm oil and its downstream activities. It is not clever to just be selling the palm oil - we have to go into processing, i.e., palm oil-related industries with focus on research and manufacturing. If our plantation companies are stuck merely at planting and harvesting, then we are stuck in the middle income.
Electrical and electronics I am quite apprehensive. We cannot compete on assembly. We have to go into R&D. We have to beef up our universities - and they say they cannot be KPIed.
2. Domestic Environment
The domestic environment is probably going through its third-level expectational changes. At the first level, the New Economic Policy has created gains for a small section of the Bumiputra community (as a result of piecemeal proactive measures rather than across-the-board policy) which created discontent among the large majority of the Bumiputra community and the whole of the non-Bumiputra community.
At the second level, this discontent leads to lack of confidence in the universal goodness of government policies and consequently voting by feet. Redistribution without serious reinvestment creates a lethargic domestic private sector which therefore is substituted by foreign direct investment.
At the third level, there is now the struggle to keep the New Economic Policy (argued on rights). The challenge is to find new proactive measures which are not unilateral transfers but instead investments in human and social capital so that there will be less intrusive or discouragement to the confidence of the rest of society. In fact, there is a real need to find ways that encourages both the Bumiputra community (those who have benefited and those who had not) and the non-Bumiputra community.
There is a need to spell out a bit more clearly in practical terms the meaning of things for the nation to move forward as one.
3. Research and Innovation
The managing of expectations and the building of confidence in Malaysians in the future of this nation (and not just the confidence for foreign investors to make money off Malaysia and Malaysians) is crucial for Malaysians themselvesto start investing in the future of Malaysia. This involves pouring blood, sweat and tears to projects in Malaysia, using Malaysian resources and for the needs of Malaysians. In this context, indigenous investments must mean investment by Malaysians, Bumiputra or otherwise.
Again, our investments must be in human and social capital, as well as in scientific and commercial enterprises. Malaysians must wake up to the harsh reality that there is such as thing as technical know-how which should, ultimately, be superior to the social know-who to progress - although, admittedly, social networking is vital for individual progress in society.
4. Banking and Finance and the Capital Market
In the current global environment, there are more funds than there are good investment projects. It will be not be clever to pay a high interest rate of 5% say for financial funds. It does not bode well for the nation to guarantee foreign funds a high rate of return for the basis of undertaking some speculative real estate projects at home.
Malaysia's problem is that it has thrown the baby out with the bath water when it solved its banking problem during the financial crisis in the late 1980s. By amalgamating smaller banks into banking giants, ostensibly to ensure sufficient capital support to withstand the bad loans, the solution to the problem of the ratio of non-performing loans to total loans is to expand the loan books. Loans are thought to be more safely given out by lending to (politically-connected) single big borrowers, and the creating of collateral assets (namely, real estate). I agree that there should be a narrow cap on the loans book that goes to the real estate sector.
As a result, big banks are not structured to understand and manage and have a proper relationship with small-scale entrepreneurs. In other, big banks have killed off the small enterprises by their technical incompetence in nurturing small businesses. It is far easier for fresh undergraduates to analysis proforma balance sheets and profit and loan statement, rather than to go to the ground and understanding how the businesses are doing. Much of the paper work with banks are probably unrelated to the reality in the business world.
There is no problem with the capital market, insofar as I can see. The only problem is the lack of good businesses to invest. Businesses, especially small businesses, have discovered that it is far easier to make big bucks by conning the small investors in the stock market with their bogus prospectuses than to go out there to fight in the real business world. The excess liquidity situation does not help to identify good businesses for investment, and Malaysia's lack of competitiveness in the world does not make Malaysian firms to be good vehicles for long-term investment.
Bank officers just have to be properly trained to help grow new firms through strong relationship banking with customers.
5. Rapid Adjustments
The one consequence of a big government sector in the economy is that the economic adjustments tend to be excruciating slow or none at all. No government company has failed. No big companies associated with the government has failed. There are no distress assets to be bought on the cheap by those who have been prudent and are cash rich. The economic game continued to be in the hands of the incompetent few (or many?). Companies making losses have been given a new lease of life by restructuring and the sale of assets and as a result are now completing rundown and are in no position to compete either at home or abroad. Business decisions appear to be made without contingent liabilities to the individual directors whose are recruited from retired senior government servants.
Banks should be forced to pull the rug from under the feet of companies that are not doing well or are inefficient.
I can go on to detail out the need for a good judiciary system to settle industrial and commercial disputes and everything else to do with the business environment in Malaysia. I think I have written enough to give an idea of what I am getting it and that I probably have a legitimate basis for being not entirely happy with the Economic Transformation Programme.
The ETP should be strategic that triggers things off in the right direction. That right direction is the keenness of private domestic investors to invest in Malaysia.
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