Friday, September 30, 2011
Thursday, September 29, 2011
Friday, September 23, 2011
Thursday, September 22, 2011
Wednesday, September 21, 2011
Tuesday, September 20, 2011
Monday, September 19, 2011
Sunday, September 18, 2011
Friday, September 16, 2011
Najib's eve of Malaysia Day speech announcing scrapping of the ISA and some other draconian laws has attracted a motley mix of scepticism from the oppositions.
Here what they say:
Some unknown idiot:
Wall Street Journal:
Lim Guan Heng:
GEORGE TOWN, Sept 16 — Lim Guan Eng today expressed disappointment that the government plans to replace the Internal Security Act (ISA) with two new security laws, and argued that the reforms announced by Datuk Seri Najib Razak last night fell short of being meaningful.Saying he welcomed the prime minister’s move to repeal the ISA
The Gutter Press:
To mark Malaysia Day, Prime Minister Najib Razak sprung a shock raft of reforms that upon closer scrutiny led nowhere. Civil society and legal experts were left dumbfounded at his audacity and inability to learn from hard knocks of the past that the Rakyat or populace was no longer so easily fooled by the superficial and the cosmetic.
Doing the unexpected.
Najib's best gift to the people and the end of a sordid legacy.The oppositions were stunned, numb and lost for words.They got what they have been asking for, yet there were deafening silence on the opposition's front.
Completely caught by surprise they have yet to find their voices of uncomfortable gratitude.
Malaysians can now rest comfortably knowing they would not be deprived of the justice system.
Read what the Malaysian Insider's CEO/Editor deduces here.
"It's the economy, YOU IDIOT !" he says, drowning in his own muddled intelligence. Some people are just too smart for their own good.
Najib's detractors are now busy digging into their lexicons to find the right words to ridicule him.
Happy hunting, you badasses !
Thursday, September 15, 2011
I am not a great fan of Ibrahim Ali, nor am I impressed with people like Chua Jui Meng.
PKR vice president Chua Jui Meng ticked off Perkasa chief Ibrahim Ali for his criticism of the threat by Lion Group chairman William Cheng to move his manufacturing base to Indonesia if the government do not give his company tariff protection against cheaper imports from foreign and other Asean countries.Read it here from the gutter press.
Asean country like Thailand imposed anti-dumping (AD) duty on certain hot rolled coil (HRC), hot rolled pickled and oiled coils and hot rolled plate (HRP) from China and Malaysia.The anti-dumping duty for China is 30.91%, while that from Malaysia is as high as 42.5 %. Products from Malaysian flat steel producer Megasteel Sdn Bhd (Megasteel) is subject to a lower AD duty of 23.57 percent.This pissed-off Mr.William Cheng.Obviously, the Thai government have considered him dumping his products in Thailand. AFTA agreement preclude imposition of tariff for imports from other ASEAN countries.
Many countries including the U.S. have, from time to time, took action to protect local industries by imposing anti-dumping duty on imports considered selling vastly below the normal market price.Indonesia has also done the same for imports of HRC from China,India,Taiwan and Russia declared as HRP to avoid paying import duties.
Uncompetitiveness, is no justification for government to agree to give tariff protection to a single manufacturer if it is going to have ripple effect on downstream activities and other end-users. The building industry survival much depend on the optimal prices of it building materials.It is the government duty to protect the whole industry not just one man just because he knows how to throws threats to get what he wants at the expense of the country losing its integrity and reputation with its other Asean members and be accused of reneging on the AFTA agreement.
Giving tariff protection and slapping on anti-dumping duty on unfair competition are too different things. The anti-dumping duty imposed by Thailand and Indonesia cover few countries, not just Malaysia.The Indonesian government is also contemplating imposing anti-dumping duty against aluminium plates imported from Malaysia and China.
The Malaysian government must have looked at the matter and deemed it as no threat to local manufactures.The benefits outweighs the negative threat from one man who wants the easy way out.
Obviously, Chua Jui Meng came to the defence of William Cheng out of politics, ethnic and personal reasons rather than the nation's interest.
Wednesday, September 14, 2011
|Pessimism on the World Financial Situation|
|Written by Philip Bowring|
|Tuesday, 13 September 2011|
Nowhere to run, nowhere to hide?
The present global financial situation is a reminder of the story of the German who in 1939 wanted to get as far away as possible from likely war in the west -- and went to Guadalcanal in the Solomon Islands, which would later become the scene of some of World War II’s bitterest fighting.
Supposedly much of Asia is now relatively safe with few real estate bubbles (China and Hong Kong excepted), fairly low public debt and more foreign exchange reserves than they know what to do with. The likes of Taiwan, Indonesia, Thailand and Malaysia are not full of excitement but they look healthy enough. And China continues to forge ahead despite inflation at 6 percent or so and rising doubts about the health of its financial institutions.
All in all it looks healthy compared with Europe with its wobbly euro and nearly-collapsing peripheral states with their outsize debts, or the US where the external deficit remains chronic, politics a dangerous standoff and unemployment at unacceptable levels.
However, take a closer look and Asia may not be so great after all. China’s latest export data shows year-on-year growth of 25 percent. But how much of this is due to currency factors? China expresses its trade accounts in dollars, not a slowly appreciating yuan. Yet most of its exports to Europe are in euros and some to other destinations in recently strong currencies such as the yen and Australian dollar. Allow for that and the numbers are less healthy – and that is before both the latest economic slowdowns in Europe and the US, and before the impact of rapidly rising wage costs on some industries where lower cost suppliers are now available.
Not that China is in much danger of seeing its trade surplus vanish, even if exports to the west stagnate or even fall. If current global gloom prevails, the next result must surely be a further decline in commodity prices, which have been so long boosted by a mix of Chinese demand, slow growth in supply and speculation financed by cheap money. All those have started to come to an end – though the process could be drawn out.
That should benefit Chinese consumption and bring down inflation but is just the news that the commodity exporters of Southeast Asia, Australia and the Gulf do not want. They are not going to be rushing to boost local demand if export prices turn sour. They have found it hard enough to grow fast even when external conditions have been very positive because domestic issues – politics in Malaysia and Thailand, skills shortages almost everywhere, stand in the way.
Meanwhile China’s problems are internal, not external, wedded as the government is reducing inflation while trying to achieve a growth rate which is unsustainable given zero manpower growth and past overinvestment in unproductive assets. The existence of a growing number of first-class Chinese companies, mostly from the private or semi-private sectors, cannot hide a macro picture in some ways reminiscent of Thailand in 1996. The big difference of course is that China is a creditor, not debtor. That precludes crisis but not a combination of inflation and sharp slowdown. It will shy away from strong efforts against inflation because the higher interest rates need would expose the over-borrowed situation of so many state enterprises, and put upward pressure on the Yuan to the distress of influential exporters. Read more
Tuesday, September 13, 2011
Britain’s estates are full of frustrated youth. A look inside their broken world.
On a recent night in Stockwell, an up-and-coming swath of South London, a police van prowled the streets. The neighborhood, five kilometers from Parliament and a short walk from Battersea Park, sees its Tube stop fill with young bankers at rush hour and its pubs bustle at night. But two weeks earlier its darker side had taken hold. Hooded youths took over the streets, smashing and looting at will, as the area became a picture of the chaos that swept through London during last month’s riots.
The van slowed to a stop near a scraggly patch of lawn, where a cluster of young men huddled beneath the blocks of the sprawling housing projects, or “estates,” that sit smack in the center of Stockwell. The spotlight on the van’s roof tracked toward the group, bathing them in blinding white. In unison, they turned away, and waited. The spotlight went out, and the van disappeared into the night.
“Rage,” said one of the young men, an 18-year-old with cornrows and a cold gaze. He pulled papers from his pocket to roll a spliff. “It’s everywhere. Just everything in general for the youth. How man lives. Rage is peak.”
Tensions had been running high in the Stockwell estates, and in poor areas throughout the city, since the four nights of rioting ended on Aug. 10. Some buildings in places like Peckham, another hard-hit area in South London, were still boarded up. The police reinforcements sent from across the United Kingdom remained, and the streets were full of cops, whom the kids call “feds,” though England has no FBI. Police were kicking down doors in search of pilfered riot loot, and the hated stop-and-searches were in full effect. The annual Afro-Caribbean street carnival, meanwhile, which the previous year had ended in a shower of bottles and Molotov cocktails, was set to kick off in a few days. There were whispers about more trouble to come, and authorities made plans to pump the festival with record numbers of police.Read more.
Monday, September 12, 2011
Hishammuddin Onn, keeper of the Grand Duchy said it is up to the AG (Attorney General) to charge or not to charge Mat Sabu here and also signifies that the ISA would not be used, not yet anyway, against Mat Sabu here. Which means he is keeping his option open in the event the AG couldn't find appropriate section of the law to charge poor Mat Sabu for expressing his unworldly opinion.
Hishammuddin said there were other laws available that could be applied towards Mat Sabu’s alleged remarks, but did not specifically identify the offence the opposition leader may have committed.
I wonder which law Mat Sabu has broken for the Minister to even dare broach the idea of charging him? Are we really running out of the right to free speech? It is his opinion and as ridiculous as it may sound I do not think he has broken any law.
Malaysia do not have any anti-denial law like those passed in Germany and a number of European countries making it a criminal offence to deny that the "Holocaust" ever happened. Many historians are critical and against the law which they claimed suppressed the universal right to free speech.Most holocaust deniers perceived the 'Holocaust' as a Jewish conspiracy to advance Jewish interest at the expense of other people.
Is Mat Sabu a denier, a historical revisionist or a shit-stirrer? I am not sure which section of the law is applicable for dealing with buffoonery? I would say something laughable rather than an offence.
You can criticise, condemn, ridicule or poke fun at Mat Sabu but to charge him with an offence for saying the attackers of Bukit Kepong were the real heroes (which I disagree in my earlier posting) is totally absurd.
I'll be surprised if the AG would have the conscience to charge him.I'll be even more sorry for UMNO if the Home Minister decide to use the ISA on him.
Sunday, September 11, 2011
Only days before the United States marks the tenth anniversary of the horrifying 9/11 attacks, we’re hearing, for the first time, the full audio recordings of communications between military and civilian air traffic controllers on that fateful day.
The multimedia document, published by the Rutgers Law Review, provides a rare look at how government agencies responded -- blow-by-blow -- to the hijacking of the four planes as the drama was actually unfolding, according to ABC News, which played the tapes on Good Morning America on Thursday.
"We have a problem here. We have hijacked aircraft headed towards New York and we need you guys to, we need someone to scramble some F-16s or something up here to help us out," a worker at Boston Center's Traffic Management Unit said at 8:37 a.m., according to the tapes.Read more.
Saturday, September 10, 2011
The war criminal George W. Bush embraces firefighter Bob Beckwith while standing in front of the collapsed World Trade …
I was out in town when my daughter called me on my cellphone and told me a plane had crashed into one of the towers of the World Trade Centre (WTC) in New York.
She was watching CNN live broadcast of the incident which many people initially thought was an accident.
I told her that it was not possible as the WTC was nowhere near any commercial flight path, it could be a private plane.She responded in the negative saying it was an American Airline plane.She said she would call me back when she gets clearer picture.
About 20 minutes later she called me back and said another plane has struck the other tower.It suddenly dawn on me this could be no accident.Two commercial planes can't possibly strayed off their flight path and crashed into the same building.
My daughter who studied in the US and lived there for almost ten years had finally come home for good.
When I got home I was in utter disbelief looking at the chaos and horrifying scenes on TV. The inferno, people jumping out of the burning buildings, fire trucks and firemen rushing all over the place, people running away from the scene of the disaster and the eventual collapse of the two towers that reminded me of the movie "Towering Inferno".Both towers came down in less than two hours.
Remembering 9/11, the 10th anniversary of the terrorists attack on U.S soil, planned and executed with military precision.Two commercial jets hit the WTC towers, one hit the Pentagon and another one crashed when passengers tried to retake the plane from the hijackers.
Did the U.S government have prior knowledge of the impending attack and chose to ignore it, or were they complicit in the heinous attack or as they claimed were they really caught off guard?
For the second time, the U.S. was fooled into complacency that no foreign forces can or would dare attack America on American soil, Pearl Harbour was a distant memory.
Do you have any doubts who were really responsible for the attack and collapse of the Twin Towers of the World Trade Centre (WTC). After looking at the video of the collapse which looked more like controlled demolition I can understand the rise of conspiracy theories amongst the hard-nosed skeptics ? Three high rise buildings that came down in the same manner within less than two hours of the inferno are foods for skepticism .Can such coincidence be so naturally orchestrated? As far-fetched as it sounds, there have been many conspiracy theories going round implicating the US government involvement in the attacks on the WTC in New York on Sept 11 2001.
More and more conspiracy theories are coming out of the woodwork.Former Malaysian Prime Minister Tun Mahathir Mohammad has revitalised his belief here of the conspiracy .......the likelihood of US government's complicity in the 911 terrorists attack.
Both cities, New York and Washington are on high alert to prepare themselves in the event of an attack by Al-Qaeda, the same terrorists organisation accused of bringing down the WTC Towers.
Will the terrorists outsmart the US government by diverting attention and it neglecting security at other US cities.
Los Angeles,Chicago,Boston,San Francisco and many more could be the unguarded goal posts and targets for terrorists attacks.
Below are collection of videos and stories of the 911 tragedy.
911 Truth Movement
America would continue to overwhelm the world with its military might, bombing so-called terrorist targets indiscriminately inflicting collateral damage.
An eye for an eye, a tooth for a tooth, there have been 100 Muslims killed by the US. and her Western allies for every American that died in 9/11.
Who remembers them?
The power of the Western media is as powerful as its military might.Remembering 9/11 are being splashed around the globe in every major newspapers, TV networks and the Internet.
The Muslim world is limp and still.
Friday, September 9, 2011
|Hantu Laut |
Sime Darby is short of 3% triggering the takeover threshold.A general offer would cost Sime additional funds of over MR2.0 billion assuming full acceptance by all shareholders.
Can the minority shareholders push for a general offer? As it is Sime do not have to make the general offer.The Malaysian Takeover Code is available here.
The ball is now at the feet of the SC Chairman. The Securities Commission is now under the watchful eyes of many vested interests.
Look like Sime has not learned from past mistakes.
Written by M.A. Wind
|Friday, 09 September 2011|
The plot tickens and all the attention is on the SC. With the Chairman of the SC being married to the Chairman of E&O, who bought shares of E&O just before the takeover by Sime Darby, making things even more intriguing. It is time for SC's next move, and everybody is watching.
From The Straits Times, by Leslie Lopez, September 9, 2011:
Sime Darby, Malaysia’s financially bruised plantation-based conglomerate is presenting the country’s securities watchdog agency with an awkward policy dilemma with its acquisition of a 30 per cent interest in public listed property concern Eastern & Oriental (E&O) for RM 766 million.
Central to the widening public debate is whether the state-controlled group should be compelled to make a mandatory general offer for the remainder of E&O shares, a deal which could cost an additional RM 2.6 billion.
E&O is a property concern with lucrative rights to carry out large reclamation works in the northern island of Penang.
Critics of the deal argue that Sime Darby’s purchase of the block from three groups, including Singapore’s GK Goh Holdings, was structured in a way to circumvent the country’s takeover code.
But proponents of the transaction insist that Sime Darby was merely opting for a more cautious approach to its investment in E&O, and that a general offer could being the offing in the coming months.
In any case, the deal is presenting the Securities Commission Malaysia (SC) with a prickly regulatory problem over whether it should force Sime4 Darby to make an immediate general offer in the interest of protecting the rights of minority shareholders.Read more.