Langley Limitless Looking Glass?

It was anticipated that the Faust of ‘Flip-Flop’ would wiggle his way through manipulation of obvious points, circumstances and convenience of time.

He was rationalising his innocence, to absolve his responsibility to the BMF scandal which saw losses for Bank Bumiputra Malaysia Bhd (BBMB) up to USD1 bil at the times when Bank Negara Malaysia foreign reserve stands only at USD3.8 bil.

What is interesting, what else CIA knew about Dr Mahathir and other scandals in his administration during the same period.  Naturally, it is very strategic information to the very ‘privileged’ who knew the details and it had affect on Dr Mahathir, then and now.

There are many issues or crisis which the Malaysian public could demand for explanation.

Maminco is an example. It was a RM2 company created to raise borrowings and play the tin market in London. The company failed its objective and maintain the artificial demand for tin and collapse. It accumulated RM1.5 bil in borrowings from BBMB.

The foreign exchange losses by BNM in 1993 is another interesting topic, which should draw nation-wide attention.

Probably Dr Mahathir was involved or in the know of or about some secret deals made by Langley, in some covert operation in the region. Particularly, in Cambodia and The Philippines.

The acquisition of 40 moth-balled Ex-US Navy A4 Skyhawks from a yard in Arizona in the mid 80s is another interesting point of contention.

The Perwaja Steel is another interesting ambitious project embarked not long after Dr Mahathir came into power. It continued to be financially not viable and eventually scandalous.

Twenty years later in 2002, Dr Mahathir admitted Perwaja had a total loss of RM10 bil.

Then again, it is impossible Dr Mahathir had a sin-free admimistration for him to live in a glass house and pelting pebbles around.

Published in: on January 26, 2017 at 23:55  Comments (2)  

Buck Up!

Barisan National has been forewarned that the coalition party is grossly lacking on the cybersphere and social media platforms in the age of information are being shared at 4G connectivity, Deputy Prime Minister Dato’ Seri Dr Ahmad Zahid Hamidi said launching Wanita UMNO IT outfit yesterday.

NST online story:

Studies reveal most cybertroopers in M’sia are anti-BN: DPM

BY ADRIAN LAI – 22 JANUARY 2017 @ 8:15 PM

KUALA LUMPUR: An overwhelming majority of cybertroopers operating in the country are against the ruling Barisan Nasional (BN), said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi today.

He said according to a recent study, only 6.6 per cent of the country’s cybertroopers are supportive of BN, while the rest are anti-establishment.

“This means that for every pro-BN cybertrooper, there are 15 others who are working against the government,” he said when launching Wanita Umno’s Skuad Komunikasi dan Media here today. As a result, and according to another study conducted by a group of academicians, 87 per cent of Malaysians hold negative perceptions of BN, he said.

“We almost lost the 12th and 13th general elections because we failed to create a presence on social media,” Zahid said, adding that Umno must work harder to win the war of perception against the opposition.

It is understood that Zahid, who is also Umno vice-president, will disclose the research papers he cited to the media at a later date.

Read More : http://www.nst.com.my/news/2017/01/206418/studies-reveal-most-cybertroopers-msia-are-anti-bn-dpm

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

The material consideration in this statement is not about the 6.6% but BN is is seriously lacking on this ‘information democracy’ front, where information travel both ways in unimaginable speed, volume, depth and naturally, spread. Quotes are on in video format and live streaming is improving by the week.

It is true that BN suffered immensely, translated from the opinion and perception casted on the party in 12GE and 13GE. The advancement of communication technology in terms of platform, enabler apparatus, connectivity and growth of social media were the enablers pf the new found ‘ICT democracy’.

Cyber and online perception, mainly through the exponential growth of users prior to both GE particularly amongst the urbanites, educated, professional and internet savvy and connected, changed the political landscape.

BN was terribly shaken in the 12GE where the party lost control in five state governments (plus the majority of seats in Wilayah Persekutuan) and inadvertently, the psychological 2/3 power in Dewan Rakyat.

In slightly over 51 years of sovereign nation, the Chinese chauvinist and anti-Malay and anti-Islam party formed a State Government and there on, the Chief Minister accompanies HE TYT Governor at the Council of Rulers meeting.

Parties like UMNO scrambled to balance the gross lacking in then the ‘new media’ and started to recruit an army of cyber troopers, mainly on the SOPO blog arena to fill in the gap (in the interpretation of some of the ambitious leaders trying to capitalise on the lack of online warfare capability).

The effort for UMNO, which is interesting combination of volunteers, recruited and some measly funded keyboard warriors managed to create an army of ‘infantry cyber-troopers’. Some more specialised and productive groups were derived and working with upstream information providers mean that they did gain some grounds in the online psychological-warfare.

However there were some gross lacking, which were never properly rectified even there was enough opportunity, space and resources till the 13GE.

A few example is the the depth of the subject matter and how the analysis could be stretched in getting more attention and debate, mostly by the intended target such as the urbanites, educated, professionals and connected savvy lot. Most of issues raised and scrummed over are trivial.

The ability to control the social media fields in the English language was also lacking when there is the argument about UMNO cybertroopers. This is the segment where the urbanites, professional and biggest user of internet per capita. This segment mostly is in the category apolitical and fence sitters.

The lack of strong, convincing and timely rebuttals whenever the Opposition take online a challenge, manipulation, skewed and biased opinions, lies and slanders, eventually demonstrated to BN’s worsening performance at 13GE in the urban and semi-urban constituencies.

The Opposition and the support system to their cause like NGOs, likeminded activists and loud individuals managed positioned themselves as opinion leaders, enabled by the cybersphere and social media platforms to the fullest.

Off late, foreign mainstream media added to the thorny fight against perception and trust deficit, suffered by BN leaders.

Naturally there would be issues more prevalent to territorial in nature such as co-ordination, face-saving (if involved certain high ranking party officials, who is also one of the major backers of the UMNO cyber-trooper groups), local and territorial sensitivities and the list is endless.

Dr. Ahmad Zahid is sounding out on this matter which should not to be taken lightly and based on expected party strategy and best guestimated  opportunity for the 14GE, there is enough time to improve.

Perhaps getting an equal standing against the Opposition would be a little too wishful but not withstanding allocating the proper resources, which include the right people and tools, might provide a worthy chance in the game.

Published in: on January 24, 2017 at 09:30  Comments (9)  

A New Deal for the Malays

UMNO Johor delegate Dato’ Ayub Rahmat of Sekinjang Division raised a pertinent question when he had the floor, about where would UMNO take the Malays and what would the new deal for the Malays be after 70 years of the nationalist party.

Ayub was critical enough to state that UMNO’s call should no longer about making sounds in the tine of nostalgia, sentiments and rhetorics.

He called for ‘Radical Transformation’ for UMNO, as the mainstay of political power which forms the Government as the lead facilitator to plan, govern and implement policies and strategic plans for Malaysians, not only the Malays.

What we see is that UMNO would play its strategic role to provide the broad strokes  and lead the rakyat’s aspiration from the Government. There on, the Federal Government would be the master-facilitator for several different categories of the Malays.

The top band would be those who are able to complete and participate at global level, be it in commercial, professional services or academic.

The next band would be those who are competent in the regional level.

The third band is group which is able to fend for themselves with minimal assistance from the Government and shed the stigma of ‘The Malays have subsidy mentality’.

The fourth and lowest band would be the group which is still in need for Government facilitation, which include infrastructure and socio-economic development programs to alleviate themselves as probably the band being defined currently as ‘B40’.

After all, the philosophical role of a government in to provide what the people are not able to do for themselves.

Ayub pleaded that UMNO should work on this ‘New Deal for the Malays’ and call for a special assembly to present the strategic plan for the Malays.

 

Published in: on December 3, 2016 at 09:00  Comments (1)  

Wala’, perserverance and waging a war on treachery

UMNO President Dato' Sri Mohd. Najib Tun Razak delivering the keynote adddress for UMNO GA 2016

UMNO President Dato’ Sri Mohd. Najib Tun Razak delivering the keynote adddress for UMNO GA 2016

UMNO President Prime Minister Dato’ Sri Mohd. Najib Tun Razak gave his simple but most powerful speech to ensure UMNO sustain its struggle and continue to serve the nation as the mainstay of the political power ever since the Federation was incepted as a sovereign nation.

He spoke and reminded the delegates representing 191 Division converging at Dewan Merdeka how the party sustained its strength and maintained its course despite being tested with major crisis. All due to the leaders and members remained and maintained ‘Wala’ (loyalty) and put the party agenda and struggle paramount to personal issues.

Prime Minister Najib reminded delegates to remain loyal is a responsibility, which is about maintaining teamwork. That is very much part of cultural-religious trait which defines a Malay.

He took a swipe at former leaders who were in strategic and position of power  but blurt out state secrets when they are no longer there and were disgruntled.

Prime Minister Najib also articulated about the Malays, who were fragmented and without any resources organised themselves through 41 NGOs managed to form UMNO 70 years ago.

The nationalist party not only successful in reversing Malayan Union, but also strived for Kemerdekaan with the blessing of HRH Malay Rulers. In the process, UMNO forged alliance with the Non Malays and the concept of ‘power-share’ was born.

He also reminded the audience that UMNO provided the sound and continuous leadership which developed the nation, transformed societies and alleviated the people.

As expected, he was not shy to strike his former mentor Tun Dr. Mahathir Mohamad for abandoning  the party, all for the obsession of a personal agenda. He described Dr. Mahathir willingness to co-operate with Opposition leaders especially Lim Kit Siang, BERSIH 5, foreign powers and “currency rogue” Soros as “Ultimate betrayal”.

He reminded that UMNO as an organisation and its members were very loyal to Dr Mahathir when he was in power.

Today, Dr Mahathir not only disloyal to UMNO but willing to co-operate with arch enemy DAP to destroy UMNO. That has been described as despicable.

Prime Minister Najib reminded the Malays that DAP never shed its Anti-Malay policies and if ever they come to power, agencies created and developed to alleviate the socio-economic status like PNB, MARA, FELDA, RISDA and UiTM would be ridiculed and existence be challenged. Eventually, it would be taken away.

So would institution like JAKIM, Tabung Haji and Zakat boards.

Prime Minister Najib also elaborated on the PAS’s Private Parliamentarian Bill RUU355 to empower the Syariah Criminal Courts, that the Non Muslims shouldnt be concerned and eventually, the Federal Government would introduce the Bill.

This very much spelled out that Prime Minister Najib value the co-Operation with PAS. He interpreted that the jihad UMNO is undertaking is for the whole nation.

He also articulated the value of ‘Unity’ amongst the Malays and should move forward together and find the common course for betterment.

Published in: on December 1, 2016 at 13:30  Comments (1)  

Crooked Bridge and Vice Presidency iritated the Negara-sawan

UMNO President Prime Minister Dato’ Sri Mohd. Najib Tun Razak revealed that the failures of ‘Crooked Bridge’ and then MB Kedah Dato’ Paduka Mukhriz Mahathir to be voted into the UMNO Vice Presidency level as main reasons for of Fourth Prime Minister Tun Dr Mahathir Mohamad to go after his choice Leader replacing Tun Abdullah Ahmad Badawi.

He spoke in a closed door meeting with this year’s UMNO General Assembly delegates.

On the ‘Crooked Bridge’ which Dr Mahathir wanted Abdullah to carry on the project as replacement of the Johor Causeway when the former retired. However, Abdullah did not carry on with the project.

By April 2006, Dr. Mahathir started to openly attack Abdullah and accused him as a weak leader. One of the excuse was he was a subservient Prime Minister to the Singaporeans.

On the other point, within a few months after ascending the post of MB Kedah, Mukhriz launched his campaign to slide into the UMNO Vice Presidency race when party elections season was on.

He barely won over incumbent Dato’ Sri Hishamuddin Tun Hussein, who was then Minister of Defence.

Nevermind the fact that Mukhriz at the time was in the freshman-class of Menteri Besars/Ketua Menteris and had not even served UMNO Supreme Council (MT) yet. Only for one term he was UMNO Youth Exco and later was defeated as a candidate of UMNO Youth Chief.

The two is the cause for Dr Mahathir to go after Prime Minister Najib and oust him. Of course the two cannot be the reason important enough for him to amass support to see Prime Minister Najib ousted.

Hence, he used the 1MDB scandal and hyped it up, to steamroll against Prime Minister Najib. It was a concerted effort which saw Dr Mahathir teamed up even with the Jewish Neo Con controlled foreign media.

Of course he threw other issues as good measures to strengthen his case that Prime Minister Najib like BR1M, Sirul Azhar, Rosmah’s daughter’s wedding, Govt debt and failure in economic management and others.

Today, most of these matters have either been resolved or the rakyat at large are not interested anymore but sporadic pockets of dissenters who are stilll hyping it up as the strategy of demonisation, to get the bigger lot to throw Prime Minister Najib out.

Prime Minister Najib also explained on the ‘Crooked Bridge’ issue, he did bring that up and the Government looked into it. After deliberation, even his own Cabinet is not supportive of continuing the project and he respected the ‘collective responsibility’ to no longer support the project.

Prime Minister Najib also explained despite he had until June 2018 to call for the XIV GE, it doesn’t mean it cannot be sooner. What he wants is UMNO to be continuously be ready and serve and look after the non UMNO supporters and voters as well.

On Saturday, it was revealed that Dr Mahathir is obsessed of getting his way, all the time. This round, his obsession driven him to be delusional (like forging a relationship with DAP) and demonstrated his madness to achieve his personal agenda.

Published in: on November 29, 2016 at 18:00  Comments (6)  

UMNO defragmented, Mean Mahathir Miscalculated

Seventh UMNO President Prime Minister Dato’ Sri Mohd. Najib Tun Razak opines that UMNO is in a better state today after a year of political drama by dissenters and UMNO Baru founder Tun Dr. Mahathir Mohamad is getting desperate and delusional in his continuous failure and disastrous half-baked-schemes to oust the former.

Straits Times story:

Umno stronger today as its leaders are on the same page, says Malaysian PM Najib

PHOTO: THE STAR/ASIA NEWS NETWORK
PUBLISHEDNOV 28, 2016, 5:00 AM SGT

PUTRAJAYA • Umno is in a stronger position today as its leaders are united and on the same page, Malaysian Prime Minister Najib Razak has said, following more than a year of internal party turmoil.

He also said in an interview with The Star newspaper that Tun Dr Mahathir Mohamad, his mentor- turned-fiercest critic, has failed to unseat him as the former premier no longer wielded the “fear factor” he had while in office for 22 years.

When asked if the party is stronger today, Datuk Seri Najib said: “We are all on the same page and we work well as a team. It’s good for Umno that people see we have a cohesive leadership.”
He added: “I believe what happened strengthened Umno’s leadership and we have a much more united leadership.”

The interview at his official residence in Putrajaya was held in the run-up to the annual general assembly of the party he has led for seven years. The five-day assembly starts tomorrow.

When asked if the next general election would be in the first or second half of next year, Mr Najib said: “Not necessarily, it can be later. I am enjoying this speculation. Let people go on speculating.”

The next polls are due by late 2018.
Former deputy prime minister Muhyiddin Yassin (left) and Mr Najib at last year’s congress. This year, Mr Najib’s supporters expect him to rally the party for the next general election, which he should win handily if the opposition ranks – including M
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People and issues to watch at Umno’s general meeting

Mr Najib, 63, and the party faced turmoil from the third quarter of last year as he staved off an internal revolt after news broke that about US$700 million (S$999 million) from state fund 1Malaysia Development Berhad (1MDB) were found in his bank accounts, leading his then deputy Muhyiddin Yassin to criticise him.

Mr Najib sacked Tan Sri Muhyiddin as deputy prime minister at the end of September last year and replaced the attorney-general and the chief of the Special Branch police intelligence unit.

In February, another Najib critic of the 1MDB scandal, then Kedah Menteri Besar Mukhriz Mahathir, was forced to resign by Mr Najib.

Dr Mahathir quit Umno in February and in July formed a new party with his son Mukhriz and Mr Muhyiddin. Meanwhile, another Najib critic, Cabinet minister and Umno vice-president Shafie Apdal, left Umno in July.

Mr Najib said Dr Mahathir has failed to oust him as he no longer has any levers of power. “He ruled by fear. Once he was no longer (Umno) president, there is no more fear of him nor the ability to control and he could not determine things in Umno. There was respect but no fear.”

Mr Najib also shared a conversation he had with the late Mr Lee Kuan Yew in 2009, who likened Dr Mahathir to a heavyweight boxer who keeps punching until he wears his opponent out.

“He is obsessed about doing things his way; it’s his way or the highway. I thought he would go against me, what I did not anticipate was the meanness of his reaction,” Mr Najib said. “I suppose that’s part and parcel of what the man is about. Unless he achieves absolute control, he’s not going to stop. Kuan Yew’s analysis of him was spot on.”

The past year has been “quite a tumultuous journey”, he said. “I’m (optimistic) that there will be an upswing”.

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

The fact is that, Dr Mahathir threw in too many tactics and tricks, to oust his hand-picked successor to Tun Abdullah Ahmad Badawi, the Fifth Prime Minister he waged a war against as well.

Nothing works. Every single tactic ends miserably and Prime Minister Najib is still exactly where he was when Dr. Mahathir first started openly in March 2015.

A year ago, Dr Mahathir intended to use the UMNO General Assembly to strike against its President Prime Minister Najib, particularly using the 1MDB fiasco. However, it failed.

UMNO went through a period of political cycle upon the sacking of Tan Sri Muhyiddin Mohd. Yassin  as Deputy Prime Minister since July last year.

In late January 2016, after the frustration with Attorney General Tan Sri Apandi Mohamed Ali for proclaiming there is no case against Prime Minister Najib, which is after MACC submitted an incomplete set of investigation papers on 31 Dec 2015, Dr Mahathir left UMNO.

However, this round it did not create the same traction as it was in May 2008 in his bid to oust then Prime Minister Abdullah.

In February 2016, Dato’ Seri Mukhriz Tun Mahathir was pressured by majority of UMNO Kedah leaders to resign. That came as another slap on Dr. Mahathir’s face.

wp-1457176779569.jpeg

His Majesty the King wouldn’t accommodate Tun Dr. Mahathir at arms with the Opposition, particularly his nemesis for 49 years Lim Kit Siang and DAP

On 4 March 2016, he launched ‘Deklarasi Rakyat’ which saw him teaming up with an arch nemesis for 50 years, Emperorissimo of Chauvinist Chinese DAP Lim Kit Siang and some key party leaders DAP.

That very much depleted any shred of Malay support left for the Fourth UMNO President, who headed the Malay nationalist party for 22 years.

Dr. Mahathir very much lost his clout over UMNO since when he was the Supreme Leader, he was feared more than respected. His key success story for 22 years was about his dictatorial, divide and rule and Machiavellian leadership traits.

Straits Times story:

Malaysian PM Najib says Mahathir no longer wields the fear factor

PUBLISHED NOV 27, 2016, 2:39 PM SGT

PETALING JAYA (THE STAR/ASIA NEWS NETWORK) – Former Malaysian premier Mahathir Mohamad’s failure to unseat the Prime Minister is partly due to the fact that he no longer wields the “fear factor”, Prime Minister Najib Razak has said.

Datuk Seri Najib, who made the remarks during a wide-ranging exclusive interview with The Star published on Sunday (Nov 27), said the elderly leader’s control of the United Malays National Organisation (Umno) was largely by virtue of being the then party president and Prime Minister.

“He ruled by fear. Once he was no longer president, there is no more fear of him nor the ability to control and he could not determine things in Umno. There was respect but no fear,” Mr Najib said.

He said Tun Dr Mahathir operated through the mentris besar (MBs) and chief ministers to control the divisions.

“Once the MBs were no longer there, he had no contact with the division heads. You’d be surprised he didn’t know the names of many of them,” he said.
Malaysian Prime Minister Najib Razak arrives for an interview with The Star newspaper in the library of his official residence.

Malaysia’s Prime Minister Najib Razak attends a Malaysia Digital Economy Corporation event in Kuala Lumpur, Malaysia on Nov 9, 2016.

On the other hand, Mr Najib said, he is seen as one of them because he came up with them over some 30 to 40 years.

“I don’t just rely on the MBs, I am part of them and that is why Mahathir cannot dislodge me from Umno. I was short of my 23rd birthday when I entered politics. It gave me a huge advantage because I grew up with over two generations of leaders in Umno,” he said.

Mr Najib’s comments in The Star came ahead of Umno’s annual general assembly in Kuala Lumpur this week.

In the interview, Mr Najib also shared a conversation he had with the late Lee Kuan Yew in 2009 who likened Dr Mahathir to a heavyweight boxer who keeps punching until he wears you out.”He is obsessed about doing things his way, it’s his way or the highway. I thought he would go against me, what I did not anticipate was the meanness of his reaction,” he said.

“I suppose that’s part and parcel of what the man is about. Unless he achieves absolute control, he’s not going to stop. Kuan Yew’s analysis of him was spot on,” he added.

Mr Najib said it was the “epitome of Machiavellian politics” and the “height of hypocrisy” that Dr Mahathir is now sharing the stage with his former opposition rival Lim Kit Siang and shaking hands with his one-time political foe Datuk Seri Anwar Ibrahim.

“Do you think its for the love of Kit Siang, do you think Kit Siang loves Mahathir?”

Mr Najib also said he did not believe that the “strange bedfellows” will last for long.

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

Evidence about UMNO being fragmented and hugely affected upon the second resignation of Dr Mahathir and sacking of Muhyiddin, Mukhriz and former Wanita Information Chief Hamidah Osman did not cause the traction as the dissenters expected.

Majority of UMNO members even in Muhyiddin’s and Mukhriz’s own Divisions were nonchalant.

The fact is that Pribumi Bersatu, a party mainly based of former UMNO members who are used to a structured system cannot even form one single Division level yet. This is considering the founders are a Statesman, recently sacked Deputy President and State Liaisons Chief aka Menteri Besar.

By comparison, when Anwar Ibrahim decided to form his ‘KeAdilan’ even when he was behind bars, the application of membership was over whelming,

The success of speed of the formation of Parti Pribumi Bersatu Malaysia, did not do much in drawing the memberships. Their sad devotion of willing to sell the Malay struggle out by working with DAP and hypocrisy of working with PKR and PAN, isn’t attracting the larger of the Malays except those who are burnt with the success of Dr Mahathir’s demonisation of Prime Minister Najib.

Hence, majority of UMNO members is still sticking with UMNO. Now that the contentious issue of 1MDB and no one is really interested, the Malaysians are eye balling issues that really affecting them.

Published in: on November 28, 2016 at 23:42  Leave a Comment  

Up, close and personal

Prime Minister Dato’ Sri Mohd. Najib Tun Razak was recently interviewed by senior The Star journos and his explanation and perspective of current issues including the so-called ‘back-breaking’ political attacks by his former Boss, is very interesting.

He articulated very well about the progression of relationship with China.

The Star story of the interview:

Sunday, 27 November 2016

PM: Dr M no longer wields the fear factor

PETALING JAYA: Tun Dr Mahathir Mohamad’s failure to unseat the Prime Minister is partly due to the fact that he no longer wields the “fear factor”.

Datuk Seri Najib Tun Razak said the elderly leader’s control of Umno was largely by virtue of being the then party president and Prime Minister.

“He ruled by fear. Once he was no longer president, there is no more fear of him nor the ability to control and he could not determine things in Umno. There was respect but no fear,” said the Prime Minister.

He said Dr Mahathir operated through the mentris besar and chief ministers to control the divisions.

“Once the MBs were no longer there, he had no contact with the division heads. You’d be surprised he didn’t know the names of many of them,” he said.

Najib, on the other hand, is seen as one of them because he came up with them over some 30 to 40 years.

“I don’t just rely on the MBs, I am part of them and that is why Mahathir cannot dislodge me from Umno. I was short of my 23rd birthday when I entered politics. It gave me a huge advantage because I grew up with over two generations of leaders in Umno,” he said.

He shared a conversation he had with the late Lee Kuan Yew in 2009 who likened Dr Mahathir to a heavyweight boxer who keeps punching until he wears you out.

“He is obsessed about doing things his way, it’s his way or the highway. I thought he would go against me, what I did not anticipate was the meanness of his reaction.

“I suppose that’s part and parcel of what the man is about. Unless he achieves absolute control, he’s not going to stop. Kuan Yew’s analysis of him was spot on.”

Najib said it was the “epitome of Machiavellian politics” and the “height of hypocrisy” that Dr Mahathir is sharing the stage with Lim Kit Siang and shaking hands with Datuk Seri Anwar Ibrahim.

“Do you think its for the love of Kit Siang, do you think Kit Siang loves Mahathir?”

Najib said he did not believe that the “strange bedfellows” will last for long.

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

Prime Minister Najib is not afraid of Dr Mahathir, his Former Boss who turned into the biggest Bully this country ever saw.

He is actually more focused and committed into his transformation plan and agenda to bring the nation forward, ensuring growth and gaining good global position as a major trading nation, without anyone left behind.

Published in: on November 27, 2016 at 21:30  Comments (2)  

Being Ban Kin Moon

United Nations Secretary General Ban Kin Moon, a career diplomat, is very comfortable addressing in his formal capacity as a top global diplomat, as a typical Korean with a thick accent of his native language.

No need to be petty on how SG Ban deliver his address. What is paramount, is his message.

Do we see SG Ban’s fellow countrymen mocking him on any of speeches in the international arena especially United Nations, for the delivery form?

It is childish for Malaysians to nit-pick Deputy Prime Minister Dato’ Sri Ahmad Zahid Hamidi in his recent speech at United Nations General Assembly.

What is important what he said, which is reflective of Malaysia’s policy.

This include the call for immediate solution of Palestine.

Published in: on September 27, 2016 at 19:41  Comments (1)  

Strange-ICU-bed-fellows

PKR should be reminded that former UMNO Deputy President Tan Sri Muhyiddin Mohd. Yassin called the aimless-party “Dying” once as two ICU patients would be good for each other, even if they are working together and trying to capitalise on Muhyiddin as “Victim of UMNO”.

The Star story:

Monday, 1 August 2016

‘With Muhyiddin by our side, we’re stronger’

SHAH ALAM: Having former deputy prime minister Tan Sri Muh­yiddin Yassin (pic) joining forces with PKR to explain to the people about 1Malaysia Development Berhad (1MDB) is a positive development, says Datuk Seri Azmin Ali.

The PKR deputy president and Selangor Mentri Besar said it was the duty of Opposition leaders and civil societies to work together to explain the issue.

“By working together, we can become a formidable force,” he told the press after attending the state Warriors Day with Selangor Ruler Sultan Sharafuddin Idris Shah at the Selangor Memorial Monument here yesterday.

He said it was up to Muhyiddin to decide whether to join any party or not, as what was important was the cooperation to save the country and its economy.

He said a road show to explain the issue to the people would start soon.

In George Town, Chief Minister Lim Guan Eng said Muhyiddin should join one of the Pakatan Harapan parties to become the Opposition’s prime ministerial candidate.

“He must join Pakatan first. For us, he must be Pakatan’s choice,” he said.

The speculation about Muhyiddin assuming the role arose when former law minister Datuk Zaid Ibrahim said Muhyiddin had the potential to be appointed as the new Opposition’s prime ministerial candidate, once he assumed leadership of the new party mooted by former prime minister Tun Dr Mahathir Mohamad.

Lim, however, said it was not up to him to decide on Muhyiddin’s candidature as it should be discussed among the Opposition parties.

Umno supreme council member Datuk Johari Abdul Ghani said the planned road show was of no consequence and would not affect the Government in any way.

“We cannot stop people from holding a nationwide tour.

“It has been done before, most of the issues were old issues and there is nothing new to be explained to the people.

“It would be better if they try to find the solutions.

“That is more important than talking about 1MDB for 365 days like there are no other issues,” he said.

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

The fact is Muhyiddin’s sacking as Deputy Prime Minister a year ago and from UMNO a few weeks back, did little repercussion to Prime Minister Dato’ Sri Mohd. Najib Tun Razak, his leadership and UMNO or even BN.

Unlike when Anwar Ibrahim was sacked 18 years ago next month, hardly any UMNO leaders at Cabinet, MT UMNO or Division level stood up for him.

Even outside UMNO, Muhyiddin has hardly any followings. Not amongst the Malays. Moreover, the Non Malays.

Muhyiddin is a Federal level leader who is unpopular in Sabah and Sarawak. Even in his home state Johor, hardly Johoreans are crying for his sacking.

Despite claiming to be “UMNO Totok”, the developments the past year are slowly pointing towards that he is not a force within or even outside UMNO to be reckoned with.

Published in: on August 1, 2016 at 20:00  Comments (3)  

SC throwing the books at Jani’s partners?

In the game of white collar crime, corporate and market players are no island and the interlink, intriguely layered and through complex web of dealings and sophisticated commercial papers.

Then again, ‘insider trading’ is often the best excuse to go after active market players, especially to those who could have access to strategic and delicate information. When the going gets tough, the market players get tougher or shall falter.

Dato' Yeow Kheng Chew

Dato’ Yeow Kheng Chew

Word from the grapevine is circulating that Securities Commission (SC) is charging Dato’ Yeow Kheng Chew, former Executive Director of Kencana Petroleum Berhad, Paulene Chee Yuet Fang, her remisier Tan Yee Chee for insider trading in relation to the proposed merger of Kencana Petroleum Berhad and SapuraCrest Petroleum Berhad in 2011.

Is an official press release from SC is expected soon?

‘Insider trading’ is SC’s so called flavour-of-the-year crussade.

This is very interesting because K C Yeow has been former Sapura Kencana Bhd Chairman Tan Sri Mokhzani Mahathir’s long time business partner.

Both of them quit Sapura Kencana board almost 16 months ago.

The Star story:

Friday, 6 March 2015

Mokhzani and Yeow to keep stakes in SapuraKencana

BY YVONNE TAN

“We have no plans to sell,” Mokhzani told StarBiz. Asked on the duo’s next move, he said they “don’t know just yet”.

“We have no plans to sell,” Mokhzani told StarBiz. Asked on the duo’s next move, he said they “don’t know just yet”.

PETALING JAYA: Tan Sri Mokhzani Mahathir and close associate Yeow Kheng Chew, better known as KC, have no plans to sell their combined stake of 9.12% in oil and gas (O&G) giant SapuraKencana Petroleum Bhd (SapKen) following their resignations from the board of the company.

“We have no plans to sell,” Mokhzani told StarBiz.

Asked on the duo’s next move, he said they “don’t know just yet”.

Mokhzani and Yeow collectively hold a 9.12% stake in SapKen through Khasera Baru Sdn Bhd, which is the company’s fourth largest shareholder.

Based on yesterday’s closing price of RM2.45, the stake is worth some RM1.3bil.

Shares in SapKen yesterday fell close to a two-month low, as investors sold ahead of a perceived stock overhang in the company, following the exit of the two directors from its board.

Mokhzani, who was the vice-chairman of SapKen, and Yeow, one of the company’s non-executive directors, told Bursa Malaysia on Wednesday that they had resigned due to “personal reasons”.

Their exit raised concerns if the duo would follow up on their resignations and reduce their interests in the oil and gas giant.

“In a knee-jerk reaction, some investors sold their interests for fear of an overhang,” said a broker.

Usually an overhang occurs when there are concerns that a sizeable amount of shares in a company are to be sold, hence limiting the upside movement of the stock.

But an investment banker described as unfounded the concerns of Mokhzani and KC disposing of their stake in SapKen.

“If they want to divest their stake, they would not resign because it would be value destructive,” said the banker.

To a question, Mokhzani dispelled speculation that the resignations were due to disagreements with regard to the operations of the group under the current environment where oil prices have slumped.

“No, the resignations were not caused by a disagreement,” Mokhzani said.

The president and group chief executive officer of SapKen is Tan Sri Shahril Shamsuddin, who has a 16.71% stake.

Since more than 18 months ago, speculation has been rife that both Shahril and Mokhzani did not see eye to eye and there was talk that there was a disagreement between the two on the operations and expansion plans of the group.

The banker speculated that the more likely reason for the resignations was a possible corporate exercise that Khasera Baru was undertaking that could put Mokhzani and Yeow in a conflict of interest situation should they remain on the board of SapKen.

Apart from SapKen, both Mokhzani and Yeow have a major investment in the form of O&G service provider Yinson Holdings Bhd.

They hold an 18.55% stake in Yinson via Kencana Capital Sdn Bhd, which is the second largest shareholder after company chairman Lim Han Weng, who has 22%.

In 2012, childhood friends Mokhzani and Shahril merged their businesses, Kencana Petroleum Bhd and SapuraCrest Petroleum Bhd, to form SapKen. It became the biggest privately owned integrated oil and gas company in the country.

Following that, Khasera Baru had a stake of about 15% in the O&G outfit, while Shahril held 16.71% via Sapura Holdings Sdn Bhd.

Last February, Khasera Baru sold a block of 190.3 million shares for RM4.30 apiece, netting about RM820mil in total.

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How and why something happened so long ago only being actively sought after now is as good as the next person’s guess.

Probably the Long Arm of Corporate Law took tad long to figure the tit.

Coincidentally, Fourth Prime Minister Tun Dr. Mahathir Mohamad started his open attacks against Prime Minister Dato’ Sri Mohd. Najib Tun Razak moments after the duo exited as active personalities in Sapura Kencana.

Probably some would view that as ‘conveniently’. Needless to say, many has been expecting this ‘Open season’, especially the intensity and voracity of the former’s attack on once the anointed successor after Tun Abdullah Ahmad Badawi being ousted.

Regardless, this is an interesting development to watch.

*Updated 1545hrs

The Edge Market story on K C Yeow being charged by SC.

SC charges Kencana’s former ED KC Yeow with insider trading

By Chen Shaua Fui / theedgemarkets.com | July 29, 2016 : 2:09 PM MYT

KUALA LUMPUR (July 29): Kencana Petroleum Bhd’s former executive director Datuk Yeow Kheng Chew, better known as KC Yeow, along with two individuals were charged with insider trading at the Sessions Court here today.

The other two individuals, Paulene Chee Yuet Fang and her remisier Tan Yee Chee were charged for abetment.

The trio were alleged to have committed the offence in relation to the proposed merger of Kencana Petroleum Bhd and SapuraCrest Petroleum Bhd in 2011.

 

In the local corporate scene, Yeow is known as the partner of Datuk Mokhzani Mahathir in the oil & gas business.

Yeow was the former non-executive director of SapuraKencana Petroleum Bhd. He relinquished his position on March 4, 2015 for personal reasons.

The three claimed trial to the charge. Yeow was out on bail for RM1 million with two sureties, while Chee and Tan were bailed at RM800,000 and two sureties. The court did not request them to surrender their passport.

The presiding Judge Zulqarnian Hassan has fixed the case management on Aug 11.

According to the charge sheet, Yeow, 64, was charged for buying 1.16 million shares in Kencana Petroleum Bhd through Chee’s Central Depository System account, while in possession of information on the proposed merger of Kencana Petroleum and SapuraCrest on July 8, 2011, three days before the offer letter for the merger being issued.

The charge further stated Yeow would have expected such information to have had a material effect on the price of the shares, and ought reasonably to have known that such information was not generally available.

Therefore, he was accused of committing an offence under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA).

Meanwhile, Chee and Tan were charged for abetting Yeow in commission of the insider trading offence, and that they have committed an offence under Section 370 (c) of the CMSA, read together with section 188(2)(a) of the CMSA.

Upon conviction, the trio shall be punished to imprisonment for a term not exceeding 10 years, and to a fine of not less than RM1 million.

Recall that the boards of SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd have agreed to their merge on Aug 5, 2011.

The merger, worth a total of RM11.85 billion, was carried out under Integral Key Sdn Bhd (IKSB), a special purpose vehicle. The letter of offer from IKSB was dated July 11, 2011.

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Published in: on July 29, 2016 at 12:30  Comments (3)