Credit worthy and RM200b GDV

In the disbelief of those who thrives on controversies, scandals, conspiracies and refuse facts, 1MDB actually resolved their financial issues of “Mismatch of asset acquisition and cashflow to serve borrowings”.

The ‘Rationalisation Plan’ which President and Group Chief Executive Director Arul Kanda Kandasamy presented and got Cabinet approval on 29 May 2015, had proven effective to resolve all financial issues clawn into the Group’s coffer as a result of poor commercial decisions.

Slightly less that two weeks ago, 1MDB President Arul already pre-empted that all the financial issues of the strategic investment company fully owned ny Ministry of Finance Inc would be resolved very soon.

The Star story:

Sunday, 27 March 2016

Arul Kanda: 1MDB to announce other debt payments within weeks

PETALING JAYA: 1Malaysia Development Bhd (1MDB) will make announcements on its other debt payments in two to three weeks, says its president Arul Kanda Kandasamy (pic).

He said the 1MDB had not incurred any new debt and would be paying off its current debts.

“In the next two to three weeks, we will be making announcements about us paying our debts,” he said in an interview with Astro Awani.

Arul Kanda said that he was brought into 1MDB to help rationalise the debts of the investment fund, among others.

Among the steps 1MDb would be taking in the future was to avoid adding on to its debts, he said.

“We won’t start any new project. We will increase monitoring of the governance of 1MDB,” he said, adding that another way to move forward was by co-operating with the investigation on the investment fund.

He said that the decisions made about 1MDB were similar to dealing with “a house after an earthquake”.

“The impact is on the structure of the house and the residents are our projects such as Edra (Edra Global Energy Bhd) and TRX (Tun Razak Exchange).

“We have made a choice to ask the residents to move out,” he said, referring to the sale of Edra and the plan to sell TRX.

He admitted that the investment fund was facing several problems but insisted that the issues were purely about business.

“It’s true that there are issues within 1MDB but they are business issues.

“They should not have been politicised,” he said.

Such politicisation of the situations facing 1MDB had caused confusion and anger among Malaysians, he added.

When asked about financier Low Taek Jho, known as Jho Low, Arul Kanda said that he was not related to 1MDB but its predecessor, Terengganu Investment Authority (TIA).

“He left in May 2009 before the Finance Ministry took over TIA and changed it to 1MDB,” he said.

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Like a rail service, they did exactly that and on time. In the past two weeks, 1MDB has made a total repayments of RM4.6 billion as part of its successful rationalization plan.

1MDB President Arul Kanda has said the state-owned company will not have any more short-term debt and bank loans after the repayments.

It will have a cash surplus of at least RM2.3 billion after settling the debt.

Media statement on the RM950 million standby credit facility provided by the Government:

REPAYMENT OF RM950 MIL STANDBY CREDIT FACILITY

1MDB Media Statement 8 April 2016 —

1MDB is pleased to announce that its subsidiary, Plenitude Mentari Sdn. Bhd., has repaid in full, all the principal and interest, for the RM950 million Standby Credit Facility provided by its ultimate shareholder, the Government of Malaysia. This facility was entered into on 27 February 2015, further to the strategic review announced on 18 February 2015, as a direct response to the cash-flow mismatch faced by the company.

The Standby Credit Facility helped to stabilise the company, at a time when it was under severe attack from multiple parties and had no other financing options. With the stability, 1MDB and MoF Inc. were then able to develop and implement the rationalisation plan, the success of which has resulted in the Standby Credit Facility being repaid in full.

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The media statement on the repayment of the Powertek Group acquisition, which is a substantial amount of RM3.0 billion Syndicated Term Loan Facility has been settled.

RM3 BILLION LOAN REPAYMENT

1MDB media statement 1 April 2016

1MDB is pleased to announce that its subsidiary, Powertek Investment Holdings Sdn Bhd, has fully settled the remaining RM3.0 billion balance of an RM3.5 billion Syndicated Term Loan Facility.

The loan facility was entered into in May 2014 with a syndicate of domestic banks, led by Maybank. It has now been fully prepaid, in advance of the original maturity date of May 2024, as part of the successful 1MDB rationalisation plan.

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The media statement of the RM700 million syndicated term loan facility:

REPAYMENT OF RM700 MILLION SYNDICATED TERM LOAN FACILITY

1MDB Media Statement 25 March 2016

1MDB is pleased to announce that its subsidiary, Edra Energy (Langat) Sdn. Bhd., has fully repaid an RM700 million Syndicated Term Loan Facility to a consortium of domestic banks, per the terms of the loan agreement.

The loan was first drawn in 2012 to partially finance 1MDB’s acquisition of its energy assets.

This debt repayment and overall debt reduction is a tangible result of 1MDB’s successful rationalisation plan.

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Group President Arul and his leadership, very much rationalized, restructured and resolved all the assets of 1MDB Group and served all its financial commitments, with substantial bits to spare.

All these productive moves and progress are made within less than 1year, amidst very intense ‘noises’, especially the incessant political pressure led by none other than Fourth Prime Minister Tun Dr. Mahathir Mohamad and band of motley crew in unbelievable political circus stunts.

This being harped on and hyped up continuously by pro-Opposition and Neo-Con Jewish controlled media, which paints totally far from facts picture about 1MDB and all the unsubstantiated alleged white collar criminal acts within and about the Ministry of Finance Inc. strategic investment company.

Now that the Public Accounts Committee which consist of MPs of both sides of the bench that already convened and investigated the relevant parties of and within 1DMB, with the full authority of His Majesty’s Parliament, the capital matters have been resolved.

The Executive was never involved in the decisions made and operations and implementations executed by the Management. Yet, rumours compounded on the scandals and contentious stories about 1MDB had been lies upon lies, harped on and hyped up.

It was clear from the start it was part of the demonisation of Prime Minister Najib to bring him down. The cash-flow strapped 1MDB Group caused by mismatch and poor aggregation of commercially acquired asset building manoeuvres through borrowings was the best vehicle for the Anti-Najib Campaign to ride and bastardise on.

Everyone had something bad to mud-pelt 1MDB, despite not having the full knowledge and comprehension of the subject matter in totality.

Even at one some few occasions, CIMB Chairman Dato’ Seri Nazir Razak took nasty swipes which include the summary dismissal of CIMB Islamic Bank CEO Badlisyah Ghazali. It was about Badlisyah’s personal opinion on the fake SWIFT codes pertaining to the alleged transfers into bank account of Prime Minister Najib.

Now all of the wounds from the financial claw-back have been resolved, 1MDB as Group is free to move forward.

On plate is the Tun Razak Exchange (TRX), which shall be the most valuable property square mile in the nation and provide very high productivity in Prime Minister Najib’s strategy of taking Malaysia into a high value economy.

Upon completion, TRX is expected to have a gross development value (GDV) of RM 40 billion.

There is still Bandar Malaysia, where 1MDB pass the burden to continue and deliver the mega development of the 486 acres of Bandar Malaysia to the Iskandar Waterfront Holdings – CREC consortium, as the 60% controlling party.

iProperty story quoting the Bernama story:

Bandar Malaysia total GDV estimated at RM160 Billion, says IWH

By The iProperty.com News Team on Mar 22, 2016

KUALA LUMPUR, March 21 — Bandar Malaysia is estimated to involve a cumulative gross development value (GDV) of RM160 billion and will be completed over the next 20 years, says Iskandar Waterfront Holdings (IWH) Executive Vice Chairman Tan Sri Lim Kang Hoo.

Lim said the China Railway Group Ltd (CREC), which acted as a first mover in Bandar Malaysia with its US$2 billion (US$1=RM4.07) commitment to building its regional centre, represents 30% of Bandar Malaysia’s first phase project.

“There will be three phases of development in Bandar Malaysia.

“We will bring in the investors to come in and join hands to develop with us, just like what we are doing in Iskandar Malaysia,” Lim told reporters at a press conference.

CREC President Zhang Zongyan earlier announced that the company would invest US$2 billion to build its regional centre in Bandar Malaysia and would consolidate all its current regional businesses and operations once its new headquarters in Bandar Malaysia is completed.

Zhang made the announcement in the presence of Prime Minister Datuk Seri Najib Razak, Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin and several cabinet ministers at a ceremony here today.

CREC is a Chinese state-owned company and a Global Fortune 500 company which was ranked 71st in 2015.

At the same press conference, Zhang said CREC’s project in Bandar Malaysia will kick off next year and may create up to 10,000 jobs.

CREC’s development blueprint includes an integrated underground city modelled after Canada’s Montreal underground city, with dedicated space for financial and commercial centres, tourism and shopping facilities, high-end corporate offices, theme park and themed theatres, said Zhang.

On the high-speed rail project, Zhang said the company may bid for the project if it is invited to participate in the tender.

The Bandar Malaysia development is being developed under the public-private partnership (PPP) model with the Ministry of Finance holding 40% of the development company and the IWH-CREC consortium holding 60%.

IWH is also a PPP company with the Johor State Government, through Kumpulan Prasarana Rakyat Johor, owning 40 per cent of the company and the remaining 60 per cent by Credence Resource Sdn Bhd, a company controlled by Lim.

Bandar Malaysia is situated at the old airport site in Sungai Besi just seven kilometres from Kuala Lumpur city centre.

— BERNAMA

Read more at http://focus.iproperty.com.my/news/1010/bandar-malaysia-total-gdv-estimated-at-rm160-billion-says-iwh#VXeGgBC1ulI41Yyt.99

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According to IWH, a GDV of RM160 billion could be realised from Bandar Malaysia. The two, would aggregate a whopping RM200 billion in GDV. That is substantial contribution from the MOF Inc. strategic investment company.

That is not withstanding the other parcels of land which 1MDB is holding and could be turned into very productive development project, for each respective areas.

Group President Arul summed everything up quite nicely.

Straits Times story:

My job is done, says chief of embattled 1MDB fund Arul Kanda

Arul Kanda, president of 1MDB, says his job was to turn the fund around and sort out its debt. “From my perspective, I’m done,” he said in an interview.

PUBLISHEDMAR 31, 2016, 12:49 PM SGT

KUALA LUMPUR (BLOOMBERG) – Former investment banker Arul Kanda took a job in Malaysia last year and walked into the crossfire of the country’s biggest political crisis since Prime Minister Najib Tun Razak came to power in 2009.

Now, even as the finances of 1Malaysia Development Bhd. (1MDB) are being investigated in at least three countries, Kanda, president of the government-linked fund, says his job sorting out the organisation is done.

“I only signed up for one-third of what I ended up doing,” he said in an interview on Wednesday (March 30) at the fund’s headquarters in Kuala Lumpur. “I did not sign up for the investigations because that happened after I joined, and I definitely didn’t sign up for the extent of the comms-slash-politics that I had to deal with.”
Mr Kanda was brought in in January 2015 when the debt-ridden fund was teetering on the edge of default. Within months the company became embroiled in allegations of financial irregularities that sparked probes in Malaysia, Singapore and Switzerland.

1MDB, whose advisory board is headed by Mr Najib, has consistently denied wrongdoing.

Kanda echoes statements by Mr Najib and other government officials that the allegations are unfounded and politically motivated. He said 1MDB hasn’t been contacted by any foreign legal authorities to help with investigations.

“The misunderstandings about 1MDB stem from the fact that what was a business problem became politicised and became a tool by the opposition or those not aligned with the government to topple a democratically-elected prime minister and government,” he said. “That’s the reality of it.”

He says his job was to turn 1MDB around and sort out its debt.

“From my perspective, I’m done,” said Mr Kanda, a trained lawyer. “Everything’s signed. Legal agreements are there, they’re binding. I’m leaving the company” with available funds, he said.

1MDB will repay RM6 billion (S$2.07 billion) in the next three weeks, leaving it free of short-term debt and bank loans and with at least 2.3 billion ringgit in the bank, Kanda said.

It announced last week the settlement of a RM700 million syndicated term loan. 1MDB will also sign a term sheet for the development of its land parcel in the state of Penang in about two weeks, he said.

“We don’t need any money from our shareholders to get us to 2039” when the last bonds are due, said Mr Kanda, who signed up for a three-year term at the fund. “There is no bailout of 1MDB.”

Set up by the government in 2009 to build infrastructure with borrowed money, 1MDB amassed about RM42 billion of debt in less than five years, largely from assets in the energy sector.

It started facing cash-flow problems in 2014 after a planned initial public offering of energy unit Edra Global Energy was delayed by an unfavourable market. Kanda raised money to pay the debt by selling assets including Edra, which was bought by China General Nuclear Power Corp. for RM9.83 billion.

Mr Kanda said 1MDB will retain land and assets that will allow it to pay off outstanding bonds. They include the 70-acre Tun Razak Exchange financial district, or TRX, in downtown Kuala Lumpur, named after Mr Najib’s father.

“Why don’t I want to sell it off today and pay off the debt? Because I think it’s going to be worth more over time.”

1MDB’s 2023 notes traded on Wednesday at a level last seen in April 2015, according to Bloomberg-compiled prices. Investors would have gained 30 per cent if they’d bought the securities at their lowest point of 71.6 cents on Oct 2. The bonds were sold at par of 100 cents in March 2013 in a deal arranged by Goldman Sachs Group Inc. and rated at A- or four levels above junk by Standard & Poor’s.

Critics questioned Goldman’s earnings from arranging bond sales for 1MDB in 2012 and 2013. Goldman made about US$593 million from three bond sales that raised US$6.5 billion, according to a person with knowledge of the matter, dwarfing what banks typically make from government deals.

Mr Tim Leissner, then Goldman’s South-east Asia chairman, was an adviser to the state fund from early on, according to a former colleague familiar with the bond sales.

“There were large requirements and Goldman was one of the few firms, in fact the only firm, that could provide the solution that was required,” Mr Kanda said. “Overall the objectives were met.”

Mr Leissner left Goldman earlier this year after questions about the fund, his work on an Indonesian mining deal and an allegedly inaccurate reference letter. His lawyer Jonathan Cogan did not respond to messages. Goldman has previously defended the Malaysia fees as representing its underwriting risks and market conditions at the time.

Still, even after 1MDB pares its assets and debts, allegations may continue to dog Mr Najib as questions linger over US$681 million which appeared in his personal accounts before the last election in 2013.

Malaysia’s attorney-general said the funds were a donation from the Saudi royal family and has cleared the prime minister of any wrongdoing.

The central bank said in October its probe of 1MDB found inaccurate disclosures by the company when it sought approvals for investments abroad, prompting the regulator to revoke the permissions given and instructing the repatriation of more than US$1.8 billion related to multiple deals.

It also proposed criminal proceedings against 1MDB, something the attorney-general dismissed as it concluded there was no wrongdoing.

This month, former premier Mahathir Mohamad filed a lawsuit against Mr Najib, alleging he “actively and deliberately” sought to derail investigations by local agencies into 1MDB, according to a statement by Dr Mahathir’s lawyers.

Mr Najib has denied the allegations.

For his part, Mr Kanda says he’s done what he was asked to do.

“My job is to come in, identify the problem, put together the solution, help” people to stay focused, he said, “I’ve done it, now I need to move on.”

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The skeptics and disbelievers may continue to be in their make-belief world of controversies, contentions and scandals but facts are what they are.

Now that ‘Rationalisation Plan’ Group President Arul introduced on 29 May 2016 has been fully executed and the implementation of each projects are on the way, our attention should only be up and ride on all the goodness from the salvaged 1MDB which definitely brought about betterment for Malaysia.

*Updated 1800hrs

Published in: on April 9, 2016 at 13:00  Comments (3)  

Progressing Proton

Prime Minister Dato’ Sri Mohd. Najib Tun Razak should be lauded for the rescue package offered in the form of RM1.5 billion soft loan, to ensure Proton continue to be a national industrial asset producer.

NST story:

Recommended by Govt approves RM1.5 billion soft loan for Proton to pay vendors

BY KOI KYE LEE – 8 APRIL 2016 @ 2:25 PM

KUALA LUMPUR: The government has approved Proton Holdings Bhd’s application for a soft loan of RM1.5 billion, subject to several conditions which must be met by the national carmaker.

The loan, said International Trade and Industries Minister Datuk Seri Mustapa Mohamed, is geared towards helping the national automotive company to pay vendors for components supplied.

Among the conditions for the loan, he said, were that Proton must convince the government of its new business model, to come up with a turnaround plan for the company, aside from providing a strategic plan to expand the domestic and international markets.

Mustapa said: “A special task force will also be set up and it will be led by Pemandu chief executive Datuk Seri Idris Jala. This team will overlook Proton’s transformation plan and to ensure that it is successful.”

The special task force will be made up of six representatives — three from the public sector namely the Finance Ministry, International Trade and Industries Ministry, Economic Planning Unit (EPU) while the remaining three are from the private sector which will be identified at a later date.

The minister also said the government was aware that the automotive industry was a strategic industry and that there are 12,000 workers directly under Proton while approximately 50,000 were with the vendor companies.

Read More : http://www.nst.com.my/news/2016/04/138054/govt-approves-rm15-billion-soft-loan-proton-pay-vendorsb

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We advocated that Malaysian Government should continue support Proton upon the resignation of Chairman of BoD Proton a week ago.

It is a good opportunity for Proton to clean their own act, which also include re-strategising their policy, relationship and operation with regards to the near 300 Malaysian vendors.

It is believed that many of the same vendors are also doing business with Perodua but the treatment and relationship is completely different.

Minister of international Trade and Industry Dato’ Seri Mustapha Mohamad already issued a statement of the Government expectation of a new Proton business model.

Proton has been seeking funding from the Malaysian Government for a while now:

Sun Daily:

Proton sought funding from Miti, minister confirms

BY SYED JAYMAL ZAHIID

Wednesday March 5, 2014
08:30 PM GMT+8

ICYMI
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ProjekMMO: Wak Doyok dan bekas isteri sultan ‘cuma kawan’ProjekMMO: Wak Doyok dan bekas isteri sultan ‘cuma kawan’

The Edit: Melissa McCarthy is returning to ‘Gilmore Girls’The Edit: Melissa McCarthy is returning to ‘Gilmore Girls’
KUALA LUMPUR, March 5 — National carmaker Proton Holdings approached Putrajaya for funds, Datuk Seri Mustapha Mohamed confirmed today but said the practice was not unusual among local firms.

The minister of international trade and industry declined, however, to divulge the purpose of the funds being sought by the struggling automaker, other than to say Putrajaya provides various forms of allocations to help local companies grow, including tax breaks, research and development grants, and training incentives.

“Of course companies come for incentives especially Proton. We do give R&D grants, training grants,” the minister told reporters at his office here.

Mustapha said all such applications were screened and no preferential treatment will be given.

“The approval will be based on two things. One is the availability of funds; second is the cost benefit analysis. That is applicable to any application, not just Proton,” he said.

Earlier today, English daily The Star reported that Proton is trying to source as much as RM3 billion from Putrajaya and other sources in order for it to develop new models for the market.

According to the report, Proton had approached Miti last year to help fund its model development but came away empty handed after failing to convince its officials. It then turned to national oil firm Petronas but was similarly unsuccessful.

The firm is said to require some RM3.8 billion in investments by 2017 and at least RM1.8 billion by next year.

During its heydays in the 1990s, Proton accounted for nearly four of every five new vehicles sold, but has since witnessed its fortunes dwindle before being overtaken by second national carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua) as the best-selling brand in Malaysia.

Proton was established in 1983 by former prime minister Tun Dr Mahathir Mohamad in his bid to jumpstart Malaysia’s shift towards manufacturing.

In 2012, it was sold to Tan Sri Syed Mokhtar al-Bukhary’s DRB-Hicom.

– See more at: http://www.themalaymailonline.com/money/article/proton-sought-funding-from-miti-minister-confirms#sthash.WJDslGFY.dpuf

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Proton should seriously look into production, distribution and marketing efficiency and optimisation, maximising capacity and capitalising on the DRB-Hicom Group strength.

Proton already producing world class cars in the B and C segments. Weak production planning, product positioning and marketing are some of the excuses been talked about for the said products failure to capture and be positioned in the targeted market.

The strategy should also include to ensure the sustainability of Proton, to continue in production of Malaysian designed and made cars.

It is also a good start for a new management headed by Proton CEO Dato Ahmad Fuaad Kenali and DRB-Hicom Group MD Dato’ Seri Syed Faisal Albar.

*Updated 1900hrs

Published in: on April 8, 2016 at 17:00  Comments (4)  

Splenetic Sabahan

Semporna MP Dato’ Seri Mohd. Shafiee Apdal is incorrigibly splenetic in sordidly aggravating an issue which Malaysia considered resolved by suggesting in Parliament to resolve the kidnappings,  the Philippines’ claim over Sabah should be brought to International Court of Justice (ICJ) to be resolved once and for all.

The Star story:

Tuesday, 5 April 2016 | MYT 8:27 PM

Lawmakers: End Sabah kidnappings ‘once and for all’

 

BY MARTIN CARVALHO, HEMANANTHANI SIVANANDAM, andSUZANNE LAZAROO

KUALA LUMPUR: MPs from both sides of the divide have called for a “once and for all” solution to end kidnap-for-ransom incidents off eastern Sabah.

A vocal Datuk Seri Shafie Apdal (BN-Semporna) demanded for a White Paper on the kidnappings in Sabah and that the Philippines government be held accountable.

“I am very disappointed that Sabah’s security and sovereignty of the nation are discussed only through a motion.

“It is time we have a White Paper on the matter,” the former Cabinet member said, adding there were nine kidnappings in the state between 2012 and 2016.

He said this when debating the special motion filed by Datuk Datu Nasrun Datu Mansur (BN-Silam) in the Dewan Rakyat on Tuesday.

On April 1, four Sarawakian sailors were kidnapped off Pulau Ligitan along the Malaysia-Philippines border in the Celebes Sea.

Shafie also lamented the lack of enforcement of the sea curfew in eastern Sabah, saying there were still boats plying the waters at night.

He also laid blame on the Philippines’ claims over Sabah which he said had contributed to the intrusions.

“We must settle all this once and for all and refer this to the International Court of Justice,” said Shafie.

Datuk Jumat Idris (BN-Sepanggar) proposed that it was high time the navy based its warships in the affected areas and conduct aeriel patrols.

“Indonesia sent five warships and two planes to save 10 of its citizens who were kidnapped by the Abu Sayyaf,” he said.

Jumat said if Malaysia is unable to solve the issue alone, then it should ask for international help.

Minister in the Prime Minister’s Department Datuk Seri Shahidan Kassim, in his winding-up speech, said the Government has taken immediate steps to ensure that the situation does not escalate.

He said these include the temporary suspension of barter trade activities in the waters there.

“We will also postpone the launching of the passenger ferry service to Philippines, which was supposed to start on May 1.

“Stern action will be taken against vessels found violating the curfew,” he said, referring to the Eastern Sabah Security Command’s dusk-to-dawn sea curfew.

Shahidan explained that syndicates behind the kidnap-for-ransom acts had changed their tactics and are now targeting slow-moving and less protected targets.

He said they no longer target island tourist resorts and fish farms because they are now well protected.

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The issue is so obsolete if not totally irrelevant to the several kidnappings, off the coast of Sabah.

First of all, Malaysia does not recognise these claims made by neither the Philippines Government nor the reminiscence of the Sulu Sultanate.

Secondly, Ii is a constitutional fact that Sabahans already made their choice to join Federation of Malaya in the formation of Federation of Malaysia, which was enforced on 16 September 1963 by an international treaty and recognised by United Nations.

Thirdly, it has been settled that Spain which annexed and colonised the Sultanate of Sulu denounced its claim on Sabah 1885, which was later part of the British Crown Colony as British North Borneo.

The Brief on the Kingdom of Spain cessation and colonisation of the Sultanate of Sulu and later in 1885, denounced it in favour of British North Borneo

The Brief on the Kingdom of Spain cessation and colonisation of the Sultanate of Sulu and later in 1885, denounced it in favour of British North Borneo

Fourthly, Shafie must be able to do a bit of research that the treaty of the lease on what is today the east half of Sabah to the Austrian emissary to Hong Kong and British North Borneo Chartered Company in 1878, was ceded after Spain colonised the entire Sultanate of Sulu.

Fifthly, Shafie as one time Deputy Minister of Defence must understand and appreciate that the kidnappers that have been terrorising in the Sulu Sea are members and splinters of the brutal Abu Sayyaf militant group.

That itself is  a rogue splinter off the Moro International Liberation Front (MILF) and today present themselves are nothing more than as a bunch of criminals.

Fiery Cross Reef, which is Cina PLA-Navy newest military installation in the disputed territories which the China name as the 'Nine-Dash-Line'

Fiery Cross Reef, which is Cina PLA-Navy newest military installation in the disputed territories which the China name as the ‘Nine-Dash-Line’

They are not freedom fighters. They are ruthless common criminals, who prey on innocent tourists, sport diving enthusiasts, fishermen and sea man of merchant shipping that ply the Sulu Strait. They show little mercy and capitulate hostages heads, to obtain their goals.

The Sulu marauders are plying the Sulu Strait ad Eastern Sabah Sea for prey, and the modus operandi is to demand for USD millions as ransom to release the hostages.

They should be dealt as criminals and act according. Regardless under United Nations Convention Laws of Seas (UNCLOS) or the Malaysian Police Act, Maritime Act, Penal Code, UNCLOS and other existing laws.

Map showing Chinese construction in the disputed Spratly Islands

Map showing Chinese construction in the disputed Spratly Islands

Shafiee of all Parliamentarians must know all these intrusions and acts of crimes are within the jurisdiction of the police and internal security, to  manageme issues in an SPV East Sabah Command (Esscom)..

Shafiee Apdal Gäng Loceng theatrics is very animated, designed instigate this who are  confused of acts

There is no requirement to take operational  and tactical issues under Esscom to be escalated for Foreign Office (Wisma Putra) make it an issue at the senior officials’, minister’s and eventually head of government’s agenda to discuss at the layered ASEAN dialogue and summit.

It is being handled quite well now, in the midst of the complexity of various layers on international law and UNCLOS thrown into it,

Shafiee, on one side should pelted with rotten tomatoes and tosses with fowl eggs for his gravely sordid attempt to regain whatever bits leftover of his standing, as a skeptic and rogue mainstream politician who last July got sacked from Cabinet.

Shafiee would do his outrageous claim aloud, to sublimely trick everyone’s attention by tossing a spanner-in-the-works for , for all the intense improductive debate go back and forth, at the gross expense if the real, opportunity to work and resolved issues

It is just time for prominent Sabah leaders starts calling Shafie names. In good times, it was “Lanun”.

Published in: on April 6, 2016 at 01:59  Comments (2)  

Now, everyone can donate

Nazir clowing. For fun or real?

Nazir clowing. For fun or real?

Apparently, there is a strong rumour to the twist of the story that RM30 million channeled meant for Prime Minister Dato’ Sri Mohd. Najib Tun Razak’s political purposes which went through his youngest brother, then  CIMB Group CEO Dato’ Sri Nazir Razak.

It was reliably informed that during the ASEAN Summit in Phnom Penh in 2012, entrepreneur duo who made it meteoric big with their fancy marketing gimmicks and creativity of the industry on top of quick insults, had met up Prime Minister Najib with Nazir.

However, after the Neo-Con Jewish controlled media broke the story about Nazir was involved in political donations precursor to the 13GE, he was quick to show remorse.

The Straits Times story:

Nazir expresses regret over disbursing funds

PUBLISHEDAPR 2, 2016, 5:00 AM SGT

KUALA LUMPUR • Malaysian banker Nazir Razak said he wished he had not passed on funds from the account of his brother, Malaysian Prime Minister Najib Razak, to Umno politicians ahead of the 2013 general election.

The Wall Street Journal (WSJ) reported on Thursday that Datuk Seri Nazir received US$7 million (S$9.4 million) transferred into his account from his older brother’s, and the money was then disbursed to party politicians ahead of the polls.

In a posting on Instagram late on Thursday, Mr Nazir clarified that he had been asked by Datuk Seri Najib “to urgently help pass on cash to party machinery”, and that he “assumed and believed, in good faith, that the funds came from legit political fund-raising”.
The youngest brother of PM Najib said that he understood the furore over the revelations and “in hindsight” wished he hadn’t done it. He assured netizens that not a cent of the money was retained by him.

Mr Nazir has been critical of the state of Malaysia’s institutions and politics, and has slammed sovereign wealth fund 1Malaysia Development Berhad (1MDB) and called for its board to resign. Thus, his involvement in the disbursement of political funds has drawn surprise.

CLARIFYING THE ISSUE
Earlier, the WSJ said that Mr Nazir, who was chief executive of CIMB at the time, confirmed in a statement that the money was distributed in accordance with instructions from party leaders.

He also said he believed the money was from donations he helped to raise from Malaysian companies and individuals for the election.

“I had no knowledge whatsoever that these funds may have originated from any other source,” he said in the statement. “The entire amount was paid out in cash to various recipients according to the instructions of the party president, and the account was closed with a zero balance.”

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The duo who became talk-of-the-town not only around the region but in the industry, were said to have pledged “To help for political purposes”.

Hence, it is believed that the RM30 million came from them and channeled through Nazir.

It is also believed that during the pledge were made, it was at the tail end of a ‘share-swap’ deal of a ‘backdoor hostile take over of a GLC’. It is also believed then that cash was in abundance with them and their business group.

If so, the said monies were “Legit” and most probably Nazir need not worry about the source of the said monies.

Nazir on Instagram:

In run-up to GE13 I was asked by my brother/party president to urgently help pass on cash to party machinery. I assumed and believed, in good faith, that the funds came from legit political fund-raising. Entire amount was distributed, not a sen retained by me.

MR NAZIR RAZAK, on his Instagram.

***********

There is also a high probability that the said monies never went through Prime Minister Najib’s personal account, unlike the alleged but very popular notion with regards to the USD 681 million received from donors in Saudi.

The entrepreneur duo have a very skewed way of getting noticed. Taken that one is almost elusive but the alpha character is very loud and often his insulting quick remarks belittled and demeaned any parties in obstacle of his entrepreneurism greed.

Even the parties which provided them the opportunity, space and slack for their business to growth, amidst the challenges, are not spared.

What is baffling is the slack that the Government had given them, to have their meteoric growth around the region. Many times, circumventing the strict industry practices and convention.

This is a good opportunity for Nazir and/or the entrepreneur duo to come out and explain for or against these rumours. After all, one of them sits in a media BoD.

It is baffling how Nazir could make statements such as “Terrifies ” when he was part of the machinery which so many is passing negative judgment about the Malaysian political system.

Bloomberg story:

Malaysian Banker Nazir Razak Concerned about Country’s Financial Future

Shamim Adam
@shamimadam
February 2, 2016 — 10:08 AM HKT Updated on February 2, 2016 — 4:58 PM HKT

Malaysia’s Market Integrity Is Intact: Minister Wahid

As Malaysia’s government seeks to shut the door on one funding furor, another opens.

Rolling scandals that have hit the country for seven months have the premier’s brother, a senior banker, likening the climate to HBO’s “Game of Thrones”.
The future for Malaysia “terrifies” him, Nazir Razak wrote in an Instagram post on Saturday.

That was a day after the Swiss Attorney General’s office said a probe of debt-ridden government investment fund 1Malaysia Development Bhd. revealed “serious indications” that about $4 billion may have been misappropriated from state companies in the Southeast Asian nation.
Just last week, Malaysia’s attorney general cleared Nazir’s elder brother, Prime Minister Najib Razak, of wrongdoing in receiving a $681 million personal donation from the Saudi royal family in 2013, as well as funds from a company linked to 1MDB. Of the Saudi funds, $620 million was later returned.
Malaysia will cooperate with Swiss authorities and review the findings before determining a course of action, Attorney General Mohamed Apandi Ali said on the weekend. 1MDB said it hasn’t been contacted by any foreign legal authorities.

Najib is “not one of the public officials under accusation,” Andre Marty, a spokesman for the Swiss attorney general’s office, said Monday in a statement.
The premier’s office declined to comment on the matter or on Nazir’s comments. The prime minister said after his exoneration by Apandi that the Saudi donations probe was an “unnecessary distraction” for Malaysia.
As some overseas probes continue into 1MDB — whose advisory board Najib chairs — questions have been raised by opposition lawmakers and Najib’s critics over the robustness of agencies overseeing Malaysia’s governance.

The imbroglios have led to calls for Najib’s ouster from the opposition and former premier Mahathir Mohamad, and recalled Malaysia’s decades-long struggle with corruption and money politics.
“The parallels with Game of Thrones continue,” wrote Nazir, chairman of CIMB Group, one of the country’s biggest lenders.

“I just can’t see how our institutions can recover, how our political atmosphere can become less toxic, how our international reputation can be repaired.”

On Monday Nazir said he did not wish to comment further. Nazir and Najib have been seen interacting at public events and Nazir posts some of those pictures on his Instagram account.
‘Policy Challenges’
The scandals come at a time growth and investment are slowing. Investments in manufacturing, services and primary sectors fell 15 percent in the first nine months of 2015 compared with the year before. The government last week trimmed its growth expectations for 2016.
“With the economy flagging, inflation rising and markets losing ground, the policy challenges are growing, exacerbated by the latest falls in the oil price,” Christine Shields, lead economist at Oxford Economics, said in a January report.

“Despite strong policy discipline and good technocratic management, strains are emerging.”
Perched on the lower end of peninsular Southeast Asia, Malaysia is a conduit for trade between Europe and Asian economic powers like Japan and China. Bigger in area than all but four U.S. states, Malaysia is a net oil and gas exporter and the world’s second-largest producer of palm oil.
Never Tougher
Malaysia’s score worsened in Transparency International’s Corruption Perceptions Index for 2015 released last week, putting it on a ranking near Slovakia, Kuwait and Cuba. Issues related to 1MDB contributed to the nation’s fall on the global list to 54th from 50th in 2014, according to the Malaysian head of Transparency International.

In November, Nazir posted a picture on Instagram of his first investor roadshow in London in 1992, saying he had “been promoting Malaysia for a long time and it has never been tougher than now due to 1MDB and related issues.”

Foreign investors pulled 30.6 billion ringgit ($7.3 billion) from stocks and bonds in 2015 and helped send the currency to a 17-year low.
Najib has faced challenges before, including the campaign by Mahathir to get him out. In power since 2009, Najib has removed detractors including his deputy premier and an attorney general who was part of a team investigating the funds that went into his personal accounts.

He silenced critics at a meeting of the ruling party in December and is wooing the ethnic Malay majority by bringing his United Malays National Organisation closer to the main opposition Islamic party.
‘Smart Move’
“It’s not uncommon to see changes in top positions in Malaysia,” said Samsul Adabi Mamat, a political science lecturer at the National University of Malaysia.

“It’s a smart move for any leader to strengthen his leadership machinery, and when that is done, policy implementation will all be in the same direction.”
1MDB has consistently denied wrongdoing, or transfers of funds to Najib. It agreed in November to sell its power assets to a Chinese company in what many see as moving it a step closer to winding down operations.
‘Premature’ Statements
Malaysian authorities have been waiting to hear from Swiss prosecutors for many months on 1MDB, Communications Minister Salleh Said Keruak said Tuesday in a statement. The “premature” statements from the Swiss Attorney General’s office appear to have been made without the full facts, Keruak said.
In response to queries on 1MDB, Singapore said Monday it had seized a “large number” of bank accounts in connection with possible money-laundering carried out in the country.
“Malaysia could come to be misunderstood despite its potential” as 1MDB pops up on international news headlines time and again, said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. in Singapore.
Najib, who has the support of the bulk of UMNO divisional chiefs, has time to regain the trust of voters. But it’s crucial for him to revive the economy, said Norshahril Saat, a fellow at the ISEAS-Yusof Ishak Institute in Singapore who has studied Malaysian politics for a decade.
“This is a test of how the government can communicate with the public effectively,” he said. “Society constantly wants answers.”

***********

It is known that the three of them are very close. Coincidentally, were the key personalities which saw one of the GLCs being ‘share-swapped’ in a lopsided deal almost five years ago.

This is the best for the three of them to explain themselves. Not just this but other stories about them before this. Especially seemingly habitual Nazir, who was quick to ‘bastardise’ (faux pas) with his tendency of send-button-happy traits.

After all, the demand for disclosure has never all time been this high as the preferred flavour, throughout the past one year.

Published in: on April 4, 2016 at 15:00  Comments (9)  

Government should continue to support Proton

In an expected turn of event after a year of continuous failure of stunts to oust Prime Minister Dato’ Sri Mohd. Najib Tun Razak, Tun Dr. Mahathir Mohamad resigns as Chairman of BoD Proton.

March 31, 2016 • MEDIA RELEASE

NOTE TO EDITOR

Tun Dr Mahathir bin Mohamad has resigned as Chairman of Proton Holdings, effective March 30, 2016.

 

A letter of resignation has been sent to Group Managing Director of DRB-HICOM Berhad, Dato Seri Syed Faisal Albar yesterday.

Dr Mahathir has also relinquished his post as the Chancellor of Universiti Teknologi Petronas, also effective Mar 30, 2016. His decision has been communicated to UTP Rector Datuk Abdul Rahim Hashim.

Apart from that, Dr Mahathir has also resigned as the advisors to the Langkawi Development Authority (LADA) and the Tioman Island Development Authority (TIDA). The Chief Secretary to the Government has been informed of these resignations.

Office of Dr Mahathir bin Mohamad
Putrajaya
31st March 2016

http://chedet.cc/?p=2027

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Tun Dr. Mahathir was appointed Advisor of Proton when DRB-Hicom took over in 2012. From May 2014, he took over the Chairmanship of the Proton BoD from then Group Managing Director of DRB-Hicom Bhd. Tan Sri Mohamed Khamil Jamil, who remained as a BoD member.

The Star story:

Wednesday, 21 May 2014 | MYT 5:58 AM

Dr M confirms appointment as Proton chairman

KUALA LUMPUR: Former Prime Minister Tun Dr Mahathir Mohamad has confirmed that he will be appointed Chairman of Proton Holdings Bhd.

The official announcement is expected to be made on Wednesday.

“My plan is to work with Proton, and make it (Proton) a success,” he told reporters before the Asian Banker Annual Leadership Achievement Awards Dinner 2014 here on Tuesday night.

A news report on Tuesday said that Dr Mahathir will be appointed Proton Chairman, which was seen as DRB-Hicom Bhd’s boldest move in its effort to transform Proton’s sliding fortunes since it took the company private in 2012.

Since going private, DRB-Hicom has been trying to address its slide by focusing on radical transformation measures for Proton’s management.

The appointment of Dr Mahathir is due to his deep knowledge and influence in the industry and government.

Dr Mahathir, who is also the current advisor to the country’s pioneer carmaker since retiring as Prime Minister in 2003, however, did not comment on whether the current executive Chairman Tan Sri Mohd Khamil Jamil would withdraw from his post.

The news report also said that Dr Mahathir will also be appointed as Chairman of Proton’s wholly-owned subsidiary, Lotus Plc, and was understood to have accepted both appointments.

At its peak, Proton, which had produced more than 3.5 million vehicles from its plants in Shah Alam, Selangor, and Tanjung Malim, Perak, held up to 85 per cent of the domestic car market.

However, a combination of factors including liberalisation of the domestic market with the influx of cheap foreign imports, competition from Perodua and the revised National Automotive Policy, among others, contributed towards Proton’s slide.

Currently, Proton’s domestic market share stands at about 22 per cent. – Bernama

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

Since the DRB-Hicom takeover from Khazanah, Proton already saw four different Chief Executives, namely Dato’ Lokman Ibrahim, Tan Sri Khamil, Dato’ Abdul Harith Abdullah and very recently, Dato’ Mohamed Fuaad Kenali.

In the same period, Proton saw the launch three of its brand new and indigenous products, Preve’, Supirma and Iriz, did not take of well and cornered the market as what was expected despite the product performance and goodies offered.

It is believed that since DRB-Hicom, the corporation which started as a national car project 33 years ago aggregated RM2.5billion in losses. Naturally, the shareholders are very edgy with Proton, which is pulling down their net earnings YE2013-2015.

mahathir-najib

As a Chairman of BoD Proton which is part of the DRB-Hicom Group, Tun Dr. Mahathir should be working for ways to entice more assistance from Prime Minister Najib instead of attacking him, even it is matters not related to the company.

DRB-Hicom as a Group benefited a lot from the continuous business and support of the Federal Government. An example is Deftech. Many of DRB-Hicom automotive plants are located in Pekan, the constituency of Prime Minister Najib.

It is the right thing to do for the Fourth Prime Minister because as the Chairman of the BoD for a company which benefitted to an aggregated sales of RM1 billion over three years, he shouldn’t be over-zealous about ousting Prime Minister Najib.

Last October, Tun Dr. Mahathir even pronounced that RM would overnight be better if Prime Minister Najib summarily steps down. Today, after gradual improvement RM was at 3.89 against the Greenback, despite the is no signal of PM Najib even thinking of resigning.

The Statesman tried various stunts through different channels to get PM Najib, but nothing is even gaining traction. In his sordid desperation, he even took PM Najib to court.

The Federal and State Governments and GLCs should continue to support Proton in as a preferred vendor, now that the BoD member who has been rabidly instigating the rakyat to topple the Prime Minister is gone.

It’s time to move on. So much time, energy and resources wasted already.

*Updated midnight

Published in: on March 31, 2016 at 17:30  Comments (4)  

Seditiously instigating

Statesman and Fourth Prime Minister Tun Dr. Mahathir Mohamad probably committed sedition by instigating the rakyat to rise and demand that HRH Rulers force the resignation of Prime Minister Dato’ Sri Mohd. Najib Tun Razak.

He admitted that His Majesty Seri Paduka Baginda Yang DiPertuan Agong had constitutional powers to appoint a Prime Minister but not to dismiss one.

The Fifth UMNO President used the excuse of the UMNO experience in May 1946 where the masses, demanded HRH Malay Rulers to reject the Malayan Union even after they have inked the creation of the crown colony.

Since Kemerdekaan, Federation of Malaya (Malaysia after 16 September 1963) has been governed based on the Federal Constitution where the Westminster-syled constitutional monarchy system adopted is carefully provided and mentioned. This include the formation of the Federal Government and appointment of a Prime Minister.

It must be seditious for him to go around instigating the rakyat to demand His Majesty SPB YDP Agong and HRH Rulers to defy the Federal Constitution, just to satisfy to meet his political desire for Prime Minister Najib be ousted.

It is two more full years before Prime Minister Najib has to present to His Majesty SPB YDP Agong for the consent to dissolve the current 13th Parliament. Till then, Prime Minister Najib has the constitutional right to remain as the Malaysian Prime Minister.

It is also very irresponsible for Tun Dr. Mahathir to work towards the oust of Prime Minister Najib without having a consequential successor suggested as a successor.

Tun Dr. Mahathir to attempt to rile the rakyat up against Prime Minister Najib without thinking he consequence is no different to the ouster of Iraqi President Saddam Hussein and Arab Spring against Libyan leader Col. Mummer Gaddafi.

Both nations never recovered from the ugly consequence of the ouster of the said leaders.

In the global challenges of volatile economy, organised terrorism, geo-political conflict and humanity issues, Tun Dr. Mahathir placed his own political agenda and interpretation of disqualification of the Prime Minister without providing proofs ahead of the nation’s interest.

His latest manoeuvres proven that he is not shy even committing crime of sedition, to serve his goal.

Published in: on March 30, 2016 at 01:43  Comments (2)  

The Premonition of the Two Pees

Revenge is best served cold. Government announced that Petronas Adviser position would be filled by Fifth Prime Minister Tun Abdullah Ahmad Badawi on 1 April 2016, upon the unanimous Cabinet decision of the sacking of Fourth Prime Minister Tun Dr. Mahathir Mohamad from continuing as the Adviser of the national oil corporation.

The Star story:

Friday, 25 March 2016 | MYT 5:18 PM

Pak Lah appointed Petronas adviser

KUALA LUMPUR: The Cabinet has endorsed the appointment of former prime minister Tun Abdullah Ahmad Badawi as adviser of Petroliam Nasional Bhd (Petronas), effective April 1.
Prime Minister Datuk Seri Najib Tun Razak said Abdullah was to succeed Tun Dr Mahathir Mohamad, whose service as Petronas adviser was terminated by the Cabinet on March 11.

“The decision to terminate the appointment of Tun Dr Mahathir Mohamad was made by the Cabinet since he was no longer supporting the present government, especially with the launch of ‘Deklarasi Rakyat’ (people’s declaration) together with opposition leaders,” he said in a statement here, Friday.

On March 11 the Cabinet unanimously removed Mahathir as Petronas adviser as it believed the former prime minister was no longer supporting the present government, hence he should no longer be holding any position related to the government. – Bernama

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

There is also key changes in Proton too. Dato’ Harith Abdullah, who was appointed to the current post one month short of two years, would go back to DRB-Hicom and managing the distribution of the Group’s automotive and defence.

Ahmad Fuaad To Take The Helm Of Proton From April 1

PETALING JAYA: Proton Holdings Bhd will have a new CEO as of April 1, following an internal organisation by its parent firm, DRB-Hicom Bhd.

In a statement yesterday, DRB-Hicom said Datuk Ahmad Fuaad Mohd Kenali, currently DRB-Hicom COO for finance and corporate affairs, will become the next CEO of the national car maker.

Ahmad Fuaad, who has been a non-executive director at Proton since 2013, will be redesignated as executive director.

He will replace incumbent Datuk Abdul Harith Abdullah who will be going back to his previous role as DRB-Hicom’s COO of automotive distribution and defence.

Datuk Md Radzaif Mohamed, who was COO of the automotive distribution and defence in Abdul Harith’s absence, will take on the role of deputy CEO at Proton.

DRB-Hicom group managing director Datuk Seri Syed Faisal Albar said the movement of internal talent is consistent with the group’s policy to constantly develop capabilities to allow DRB-HICOM Group companies to always maintain fresh perspective to steer the group in the current challenging and competitive business environment.

– The Sun Daily

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

Harith, isn’t he first executive who is a collateral in the tussle of policy and eventually strategic management of Proton. First it was Dato’ Lokman Ibrahim. Then Tan Sri Khamil who had given up the Chairmanship of the BoD of Proton in favour of Tun Dr. Mahathir.

Prime Minister Dato’ Sri Mohd. Najib Tun Razak initially was bullish about his mentor’s ascension to the Chairmanship of the Board of Director (BoD) of Proton.

The corporation which evolved from the national car project started in 1983 has been plagued by legacy issues continue even after it was taken over by DRB-Hicom in 2012. The stigma of troublesome products with poor or below average components, continuously looms the corporation which started from the national car project.

Despite launching three new models which themselves are competitive in bundled package offered, Preve’, Surpima and Iris, did not manage to corner its intended captive market.

Tun Dr. Mahathir, who started as the adviser after the DRB-Hicom take over and eventually came in as the Chairman of the Board of Directors (BoD) in May 2014, had partly blame the media for Proton’s poor reception by the market.

The Malay Mail Online:

Dr M accuses media of rounding on Proton unfairly

Wednesday March 19, 2014
11:37 AM GMT+8
KUALA LUMPUR, March 19 — National carmaker Proton has been at the receiving end of unfair criticism from the media, according to former prime minister Tun Dr Mahathir Mohamad.

Writing in his blog, Dr Mahathir said Proton gets very little protection from the government and is not the reason for the high taxes on cars.

Proton came to life during his leadership and has been losing market to Malaysia’s other car maker, Perodua.

“The raw hatred for Proton by some members of the media is quite unprecedented,” Dr Mahathir wrote.

“The protection for Proton is minimal. Most of the exemption from tax that Proton gets can also be obtained by foreign cars if they are prepared to have 90 per cent local contents ,” he added.

Local content is key because it has created nearly 250,000 high income jobs . Proton creates the type of jobs that can propel Malaysia towards developed nation status, he argued.

He said the government has only ever paid RM400 million to set up Proton while the carmaker borrowed RM800 million, which it has since repaid.

“Compare this with what a Japanese company and the GM in the US spent recently merely to develop and produce electric and hybrid cars – 5 billion US dollars each,” Dr Mahathir said.

While the government promised Proton RM200 million a year for research, little of this money has been tapped, he said.

Closing down Proton will lead to an outflow of RM20 billion or more, he added.

The outflow of Malaysian money due to import of cars every year is more than RM20 billion while exports of automotive components and cars earn the country RM4 billion, resulting in a net outflow of RM16 billion.

“Close down Proton and the outflow would be RM20 billion or more,” Mahathir said.

Earlier this month on March 5, The Star daily reported that Proton is trying to source as much as RM3 billion from Putrajaya and other sources in order for it to develop new models for the market.

According to the report, Proton had approached the government last year to help fund its model development but came away empty handed after failing to convince its officials. It then turned to national oil firm Petronas but was similarly unsuccessful.

In the report, the firm is said to require some RM3.8 billion in investments by 2017 and at least RM1.8 billion by next year.

The same day, Datuk Seri Mustapha Mohamed confirmed that Proton approached Putrajaya for funds but said the practice was not unusual among local firms.

The minister of international trade and industry declined, however, to divulge the purpose of the funds being sought by the struggling automaker, other than to say Putrajaya provides various forms of allocations to help local companies grow, including tax breaks, research and development grants, and training incentives.

Proton later denied the report, saying instead that it had previously applied for a research and development (R&D) grant from the Malaysian Investment Development Authority (MIDA), before the company was taken over by DRB-Hicom.

“Proton wishes to state that an article in one of the local English newspapers on Proton seeking development funds of RM3 billion from the ministry and Petronas is not true.

“The statement that Proton has committed RM3.8 billion until 2017 is also not true,” Proton’s corporate communications chief Nur Balkish Hood was quoted as saying in a statement by Business Times.

During its heydays in the 1990s, Proton accounted for nearly four of every five new vehicles sold, but has since witnessed its fortunes dwindle before being overtaken by second national carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua) as the best-selling brand in Malaysia.

Proton was established in 1983 by former prime minister Tun Dr Mahathir Mohamad in his bid to jumpstart Malaysia’s shift towards manufacturing.

In 2012, it was sold to Tan Sri Syed Mokhtar al-Bukhary’s DRB-Hicom.

– See more at: http://www.themalaymailonline.com/malaysia/article/dr-m-accuses-media-of-rounding-on-proton-unfairly#sthash.LRGpxFkC.dpuf

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In reality, Proton sales dwindled even after the DRB-Hicom take over and introduction of three new models. This is not withstanding of the new Perdana, which is a rebadge of the previous Honda Accord model.

Proton attempted with lots of strategic moves like the recently announcement of a new engine developed by Ricardo of United Kingdom. This is not withstanding the fact that right after DRB-Hicom took over Proton, they acquired the Petronas-Sauber developed NE01 engine.

The dwindling brand through the years

The sales from the Federal Government, State Governments and GLCs have helped Proton in the past three years. Between 2012-2015, Proton managed to see 10,500 cars of various models (mainly Preve and Saga) which include 3,000 Perdanas.

That is approximately RM800million of outright sales by Government and GLCs. The after sales aggregated bills in the past three years, would probably tipped the turnover for the Proton Group  in the neighbour of RM1 billion ever since DRB-Hicom took over.

Now that Tun Dr. Mahathir has taken Prime Minister and UMNO President Dato’ Sri Mohd. Najib Tun Razak to court even for personal reasons, it is impossible to decouple the man as a member who recently resigned from UMNO and Chairman of Proton BoD.

It cannot otherwise be distinguished as Tun Dr. Mahathir would have to declare in court that he is the Chairman of the BoD of one of companies under the DRB-Hicom Group as his vacation.

It has also been argued that how could a corporation which the Chairman of the BoD is committed to toppling of the Prime Minister of Malaysia, continue to be a major automobile fleet vendor of further contracts from the Federal and State Governments and GLCs.

Probably Government should ponder seriously into other models such as Toyota Altis, Toyota Camry, BMW 520i and the brand new BMW 730iL with the efficient 260hp 2 litre engine as options to eventually replace the current fleet of Proton Saga, Preve and Perdana.

After all, Toyota is under UMW  and BMW is under Auto Bavaria, which is part of the Sime Darby conglomerate. Both of these Malaysian MNCs are under the PNB Group.

Any profits derived from Government and GLC sales could eventually be channeled through the various existing PNB unit trust schemes, especially ASB. 10.8 million Bumiputera investors and depositors are the end receiver of this.

Another interesting point to consider is that Toyota and BMW already introduced their array of hybrid cars in Malaysia compared to Proton. It would be very inspiring if all the senior Government officers and GLC management use hybrid cars.

Objectively, Tun Dr. Mahathir did not bring about positive result in his involvement with the national car project corporation, now under DRB-Hicom in the past three years. Realistically, three initially much-hoped top management executives left, within a very short span of slightly over three years.

Now that he has done obsessively too much to demonise and topple the leadership 0f Prime Minister Najib just within a very short span of a year, he is getting back  the brunt of what he threw back into his face without even causing  a dent. Inadvertently, the Fifth UMNO President made himself a persona non grata.

He should seriously consider sparing Proton, for the sake of the Group, its brand, loyalty, dedication and livelihood of the people within the Group.

 

Published in: on March 25, 2016 at 22:00  Comments (2)  

A living monster incarcerated

Justice after thirty years. The learned Bosnian Serbian leader Radovan Karadzic who invented the term ‘Ethnic Cleansing’ for the cold blooded massacre of 8,000 men and boys in and around Srebrenica in the summer of 1995, has been found “Criminally responsible” and guilty by International Court of Justice and sentenced to 40 years jail.

BBC.com story:

Radovan Karadzic jailed for Bosnia war Srebrenica genocide

11 minutes ago

Former Bosnian Serb leader Radovan Karadzic has been convicted of genocide and war crimes in the 1992-95 Bosnian war, and sentenced to 40 years in jail.
UN judges in The Hague found him guilty of 10 of 11 charges, including genocide over the 1995 Srebrenica massacre.
Karadzic, 70, is the most senior political figure to face judgement over the violent collapse of Yugoslavia.
His case is being seen as one of the most important war crimes trials since World War Two.
He had denied the charges, saying that any atrocities committed were the actions of rogue individuals, not the forces under his command.
The trial, in which he represented himself, lasted eight years.
The current president of the Bosnian Serb Republic, Milorad Dodik, condemned the verdict.
“The West has apportioned blame to the Serbian people and that guilty cliche was imposed on all the decision-makers, including in this case today… Karadzic,” he said at a ceremony to commemorate the anniversary of the start of Nato air strikes against Yugoslavia in 1999.
“It really hurts that somebody has decided to deliver this verdict in The Hague exactly today, on the day when Nato decided to bomb Serbia… to cause so much catastrophic damage and so many casualties,” Mr Dodik added.
Karadzic verdict vital to Bosnia’s future
Balkans war: a brief guide
Profile: Radovan Karadzic
Exploring the corridors of the Hague tribunal

Many Bosnians have been following the trial closely
Meanwhile, some relatives of victims expressed disappointment at the outcome.
“This came too late,” said Bida Smajlovic, whose husband was killed at Srebrenica.
“We were handed down a verdict in 1995. There is no sentence that could compensate for the horrors we went through or for the tears of only one mother, let alone thousands,” she was quoted as saying by Reuters news agency.
Karadzic’s lawyer said he would appeal, a process that could take several more years.
“Dr Karadzic is disappointed and astonished. He feels that he was convicted on inference instead of evidence and will appeal [against] the judgement,” Peter Robinson told journalists.
Karadzic faced two counts of genocide.
He was found not guilty of the first, relating to killing in several Bosnian municipalities.
But he was found guilty of the second count relating to Srebrenica, where Bosnian Serb forces massacred more than 7,000 Bosnian Muslim men and boys.
“Karadzic was in agreement with the plan of the killings,” Judge O-Gon Kwon said.
Jump media playerMedia player helpOut of media player. Press enter to return or tab to continue.
Media captionWhat happened at Srebrenica? Explained in under two minutes
The massacre happened in July 1995 when Srebrenica, an enclave besieged by Bosnian Serb forces for three years, was overrun. The bodies of the victims were dumped in mass graves.
Karadzic was also found guilty of crimes against humanity relating to the siege and shelling of the city of Sarajevo over several years which left nearly 12,000 people dead.
The judge said he had significantly contributed to a plan which emanated from the leadership and whose primary purpose was to spread terror in the city.
Charges
Genocide
Count 1 – genocide (in municipalities of Bratunac, Foca, Klyuc, Prijedor, Sanski Most, Vlasenica and Zvornik) – not guilty
Count 2 – genocide (in Srebrenica) – guilty
Crimes against humanity
Count 3 – persecutions – guilty
Count 4 – extermination – guilty
Count 5 – murder – guilty
Count 7 – deportation – guilty
Count 8 – inhumane acts (forcible transfer) – guilty
Violations of the laws or customs of war
Count 6 – murder – guilty
Count 9 – terror (in Sarajevo) – guilty
Count 10 – unlawful attacks on civilians (in Sarajevo) – guilty
Count 11 – taking hostage of UN observers and peacekeepers – guilty
The full indictment
Mr Karadzic was also found guilty of orchestrating a campaign known as “ethnic cleansing” of non-Serbs from the territory of the breakaway Bosnian Serb republic, in which hundreds and thousands were driven from their homes.
He would only be expected to serve two-thirds of his sentence. His time spent in detention – slightly more than seven years – will count towards the total.
Top UN human rights official Zeid Ra’ad al-Hussein welcomed the verdict as “hugely significant”.
He said the trial “should give pause to leaders across Europe and elsewhere who seek to exploit nationalist sentiments and scapegoat minorities for broader social ills”.
At least 100,000 people in total died during fighting in the the Bosnian war. The conflict lasted nearly four years before a US-brokered peace deal brought it to an end in 1995.
Gen Ratko Mladic, who commanded Bosnian Serb forces, is also awaiting his verdict at The Hague.
Karadzic Timeline
1945: Born in Montenegro
1960: Moves to Sarajevo
1968: Publishes collection of poetry
1971: Graduates in medicine
1983: Becomes team psychologist for Red Star Belgrade football club
1990: Becomes president of Serbian Democratic Party
1990s Political leader of Bosnian Serbs
2008: Arrested in Serbia
2009: Trial begins at The Hague
2016: Guilty verdict, sentenced to 40 years

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Profile of Karadzic:

Radovan Karadzic: Former Bosnian Serb leader

3 hours ago

Radovan Karadzic was handed over to the UN tribunal after 13 years on the run.

Radovan Karadzic, the former Bosnian Serb leader, was found guilty of genocide and crimes against humanity during the 1992-95 Bosnian war.

The atrocities during the war have been described as the worst crimes committed in Europe since World War Two.

At a UN tribunal in The Hague, judges found him guilty of 10 out of 11 counts of genocide, war crimes, crimes against humanity and other atrocities in the Bosnian war of the 1990s, including leading the slaughter of thousands of Bosnian Muslims (Bosniaks) and Croats.

One count of genocide related to the massacre of more than 7,500 Muslim men and boys in the Srebrenica enclave in July 1995, which the UN said was part of a campaign to “terrorise and demoralise the Bosnian Muslim and Bosnian Croat population”.

He was found not guilty in one count of genocide, relating to the forcible expulsion of hundreds of thousands of non-Serbs from seven towns and villages in Bosnia.

The trial was a weighty affair – lasting five years, followed by an additional 18-month deliberation by the bench. Over 497 days, Mr Karadzic conducted his own defence, referring to some three million pages of evidence against him.

He was sentenced to 40 years in prison – though his lawyer has indicated he will appeal.
Balkans war: a brief guide
Serbia timeline
How do you define genocide?

Radovan Karadzic (L) reviews the Serbian Volunteers Guard in Bijeljina (Oct. 23, 1995)

Mr Karadzic’s political party organised Serbs to fight against Bosniaks and Croats in Bosnia
The former Bosnian Serb leader was also found guilty of orchestrating the shelling of Sarajevo, and the use of 284 UN peacekeepers as human shields in May and June 1995.

As he closed his case, he told the tribunal there was not a shred of evidence against him, although in a written statement he accepted that in his role as political leader of the Bosnian Serbs he bore “moral responsibility” for crimes they had carried out.

Radovan Karadzic spent 13 years on the run before being handed over to the tribunal.

He had been found living in disguise in Belgrade, under a false name and working as a New Age healer. He had even become well-known on the alternative health circuit, reportedly publishing a column in Healthy Living magazine.

A bushy grey beard and thick glasses had transformed his appearance.

Since the court adjourned to deliberate, Serbian prosecutors have arrested and charged eight people with playing direct roles in the Srebrenica massacre.

Poet and psychiatrist

Mr Karadzic was born in 1945 in a stable in Savnik, Montenegro.
His father, Vuk, had been a member of the Chetniks – Serb nationalist guerrillas who fought against both Nazi occupiers and Tito’s communist partisans in World War II – and was in jail for much of his son’s childhood.

Karadzic Timeline
1945: Born in Montenegro
1960: Moves to Sarajevo
1968: Publishes collection of poetry
1971: Graduates in medicine
1983: Becomes team psychologist for Red Star Belgrade football club
1990: Becomes president of Serbian Democratic Party
1990s Political leader of Bosnian Serbs
2008: Arrested in Serbia
2009: Trial begins at The Hague
2014: Judges begin 18-month deliberation
March 2016: Found guilty of 10 out of 11 counts

His mother, Jovanka Karadzic, described her son as loyal, and a hard worker who used to help her in the home and in the fields. She said he was a serious boy who was respectful towards the elderly and helped his school friends with their homework.

In 1960 Mr Karadzic moved to Sarajevo, where he later met his wife, Ljiljana, graduated as a doctor, and became a psychiatrist in a city hospital.

He also became a poet and fell under the influence of Serb nationalist writer Dobrica Cosic, who encouraged him to go into politics.

After working briefly for the Green Party, he helped set up the Serbian Democratic Party (SDS) – formed in 1990 in response to the rise of nationalist and Croat parties in Bosnia, and dedicated to the goal of a Greater Serbia.

Less than two years later, as Bosnia-Hercegovina gained recognition as an independent state, he declared the creation of the independent Serbian Republic of Bosnia and Hercegovina (renamed Republika Srpska) with its capital in Pale, a suburb of Sarajevo, and himself as head of state.

Mr Karadzic’s party, supported by Serbian leader Slobodan Milosevic, organised Serbs to fight against the Bosniaks and Croats in Bosnia.

‘Ethnic cleansing’

A vicious war ensued, in which Serbs besieged Sarajevo for 44 months, shelling Bosniak forces but also terrorising the civilian population with a relentless bombardment and sniper fire. Thousands of civilians died, many of them deliberately targeted.

Mladic and Karadzic 5 August 1993,AFPImage copyrightAFP

Ratko Mladic was Radovan Karadzic’s military chief during the war

Bosnian Serb forces – assisted by paramilitaries from Serbia proper – also expelled hundreds of thousands of Bosniaks and Croats from their homes in a brutal campaign of “ethnic cleansing”. Numerous atrocities were documented, including the widespread rape of Bosniak women and girls.

Reporters also discovered Bosnian Serb punishment camps, where prisoners-of-war were starved and tortured.
War crimes were also committed against Serb civilians by the Bosnian Serbs’ foes in the bitter inter-ethnic war.
Mr Karadzic was jointly indicted in 1995 along with the Bosnian Serb military leader, Ratko Mladic, for war crimes they had allegedly committed during the 1992-95 war.

He was obliged to step down as president of the SDS in 1996 as the West threatened sanctions against Republika Srpska.

‘Immunity promise’

After the Dayton accord that ended the Bosnian war, he eventually went into hiding – possibly in the mountainous south-eastern area of the Serb-controlled part of Bosnia, protected by paramilitaries.

Mr Karadzic says Dayton’s chief architect, US diplomat Richard Holbrooke, promised him immunity from prosecution in exchange for quitting the political scene. Mr Holbrooke denies any such deal was struck.

Radovan Karadzic was working as a New Age healer when he was arrested in Belgrade

When he finally appeared before the UN’s International Criminal Tribunal for the former Yugoslavia (ICTY) in August 2008, he failed to respond to the charges against him and the court entered pleas of “not guilty” on his behalf.

Prosecutors accused him of using delaying tactics as he boycotted the initial hearings and insisted on representing himself.

Launching his own defence in 2012, he sought to cast himself as a “mild man” who should be “rewarded” for having tried to avoid war.

His performance was described by one publication as “by turns eloquent, historically provocative, and self-aggrandising”.

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The “Ethnic cleansing” tragedy of fellow Yugoslavian against Muslim men, women and children amongst their own community when the former red Republic of Yugoslavia collapse after the fall of Soviet Union, is the worst genocide and crimes against in Europe since World War II.

Balkans war: a brief guide

18 March 2016
From the section Europe
War in Yugoslavia

The former Yugoslavia was a Socialist state created after German occupation in World War II and a bitter civil war. A federation of six republics, it brought together Serbs, Croats, Bosnian Muslims, Albanians, Slovenes and others under a comparatively relaxed communist regime. Tensions between these groups were successfully suppressed under the leadership of President Tito.
War breaks out
After Tito’s death in 1980, tensions re-emerged. Calls for more autonomy within Yugoslavia by nationalist groups led in 1991 to declarations of independence in Croatia and Slovenia. The Serb-dominated Yugoslav army lashed out, first in Slovenia and then in Croatia. Thousands were killed in the latter conflict which was paused in 1992 under a UN-monitored ceasefire.
The conflict spreads
Bosnia, with a complex mix of Serbs, Muslims and Croats, was next to try for independence. Bosnia’s Serbs, backed by Serbs elsewhere in Yugoslavia, resisted. Under leader Radovan Karadzic, they threatened bloodshed if Bosnia’s Muslims and Croats – who outnumbered Serbs – broke away. Despite European blessing for the move in a 1992 referendum, war came fast.
Ethnic cleansing
Yugoslav army units, withdrawn from Croatia and renamed the Bosnian Serb Army, carved out a huge swathe of Serb-dominated territory. Over a million Bosnian Muslims and Croats were driven from their homes in ethnic cleansing. Serbs suffered too. The capital Sarajevo was besieged and shelled. UN peacekeepers, brought in to quell the fighting, were seen as ineffective.
An imperfect peace
International peace efforts to stop the war failed, the UN was humiliated and over 100,000 died. The war ended in 1995 after Nato bombed the Bosnian Serbs and Muslim and Croat armies made gains on the ground. A US-brokered peace divided Bosnia into two self-governing entities, a Bosnian Serb republic and a Muslim-Croat federation lightly bound by a central government.
The cost of war
In August 1995, the Croatian army stormed areas in Croatia under Serb control prompting thousands to flee. Soon Croatia and Bosnia were fully independent. Slovenia and Macedonia had already gone. Montenegro left later. In 1999, Kosovo’s ethnic Albanians fought Serbs in another brutal war to gain independence. Serbia ended the conflict beaten, battered and alone.

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Karadzic’s general, Gen .Ratko “Butcher of Bosnia” Mladic who commanded Bosnian Serb Forces, is also awaiting his verdict at The Hague. It is expected that he would face his fate next year.

Published in: on March 25, 2016 at 03:10  Comments (1)  

Another game is afoot

The hunt on Penang Chief Minister and Chinese Chauvinist DAP Mini Emperorissimo Lim Guan Eng is drawing in the target closer into the crossed hair-line, for the killing shot be made as the one time political predator has been making mistakes.

The Star story:

Wednesday, 23 March 2016 | MYT 11:43 PM

Rahman Dahlan makes fresh allegations against Guan Eng

More in News
KUALA LUMPUR: Datuk Abdul Rahman Dahlan (pic) has produced what he claims is fresh evidence of corruption against Lim Guan Eng (DAP-Bagan).

The Urban Well-being, Housing and Local Government Minister said he would submit the documents to the Malaysian Anti-Corruption Commission (MACC) to aid investigations against Lim, the Penang Chief Minister, over controversial land and property deals.

Abdul Rahman, who was wrapping up his ministry’s reply in the Dewan Rakyat, said he received documents showing the company had bought a plot of land meant for affordable housing, but was later converted into a hospital and hotel project.

“I will submit the documents to the MACC to facilitate their investigations. I am sure those named will be called for their statements to be recorded,” he said.

According to him, the documents revealed that the company did not intend to develop the land but instead planned to dispose it to a third party.

Rahman said the land at Taman Manggis had initially been gazetted by the state government to build affordable houses in the state, which Lim claimed he knew nothing about.

“He has disappointed the people of Penang, as the land was meant for the lower-income group, but was instead sold to a company for a private project,” he said.

Datuk Ngeh Koo Ham (DAP-Beruas) challenged Rahman to repeat his allegations outside the Dewan.

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Lim in his sordid attempt to manipulate the sentiment of MPs in augur house through challenging the Deputy Speaker on being called as a ‘Liar’ for allegations that Federal Government through the Ministry of Urban Wellness, Housing and Local Authorities (KPKT) determines of the price of affordable homes including in Penang, failed.

His protests and recalcitrant above being conduct unbecoming a member of Dewan Rakyat got him and fellow Opposition MP Anthony Loke (DAP Rasah) got ejected by the Deputy Speaker.

The Star story:

NationHome > News > Nation
Thursday, 24 March 2016 | MYT 12:01 AM

Guan Eng: I was ejected from Parliament for defending Standing Orders

 

BY D. KANYAKUMARI

KUALA LUMPUR: Lim Guan Eng is claiming that his ejection from Parliament Wednesday shows that debates in the Dewan Rakyat are not conducted in accordance with Standing Orders.

Lim, who is Bagan MP, said it was disappointing that Deputy Speaker Datuk Ismail Mohamad Said could deem the use of the word “bohong (lies)” as parliamentary.

“It was decided in 1986 that it was unparliamentary for anyone to use it.

“Anyone who used this and did not retract it gets kicked out, but this time the person trying to defend the Standing Order was the one ejected,” he said.

Ismail had ruled that Datuk Abdul Rahman Dahlan Abdul (BN-Kota Belud), when using the word “bohong”, was referring to what Lim said, and not directed at him personally.

Lim, speaking to reporters at Parliament lobby, claimed this was the first time an MP was ejected for defending house rules.

“He (Abdul Rahman) wasn’t talking about facts. All he said was ‘the one who is lying is Bagan’.

“The fact that it was me who was ejected is an indication that the whole debate was not conducted according to Standing Orders,” said Lim.

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Rahman’s allegations, which he said would be passed to MACC for investigations and all the details about the controversial purchase of his rented detached house  of seven years at 25 Jalan Pinhorn at RM2.8million last October, would land Lim in a boiling caldron.

In a note by the Penang Land Authority, the property was value at RM4.8 million, to determine the RM122,000 per annum quit rent.

Blogger Lim Lian See has the complete analysis of the said property deals.

The property deal Rahman was mentioning is his speech to rebut his Ministry’s debate time in Dewan Rakyat, was the land meant for housing for the poor (PPRT) was hived off the a private developer with the initial story of building a private hospital.

It is believed that they are some linkage between the personalities in acquisition of the Kg. Manggis land by KL International Dental Centre and the sale of the no 25 Jalan Pinhorn bungalow which was sold at RM2.8million, where as that they are believers that the property is worth RM6 million.

The Mini Emperorissimo Lim finally got comfortable and wanted to make Georgetown his based and the moment he if off guarded, that is when he has become the predator instead of the victim. And the younger Lim knows, its a difficult hunt to get out of from.

Published in: on March 24, 2016 at 05:00  Comments (2)  

The Game of Thrones

In his apparent obsession and desperation to topple and bring down Prime Minister Dato’ Sri Mohd. Najib Tun Razak, Fourth Prime Minister Tun Dr. Mahathir Mohamad is taking one time choice successor to Pak Lah to court.

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The media statement was issued by solicitor Haniff Khatri, who was also acting for Tun Dr. Mahathir’s former Political Secretary Matthias Chang for being charged for sabotaging the national economy.

The plaintiffs, Tun Dr. Mahathir, Khairuddin Abu Hassan and Ainina Saaduddin were former UMNO members. Tun Dr. Mahathir resigned from the party weeks ago where else the two were sacked by the party.

They are seeking a court order declaring that Prime Minister Najib has committed the tort of misfeasance in public office and had breached fiduciary duties by using his post as the Prime Minister, Chairman of Barisan Nasional and President of UMNO, to act in bad faith, to obstruct, intercede, impede and derail investigations and enquiries pertaining to 1MDB.

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After a solid year of open attacks on Prime Minister Najib for many issues, Tun Dr. Mahathir’s allegations kept on changing from time to time and admitted he don’t actually have evidence to substantiate them, mostly failed miserably.

He started with making speeches in the open. It attracted attention and he utilised the media, especially social media platforms and foreign media to expand and escalate his demand against Prime Minister Najib.

He worked closely with Opposition leaders, pro-Opposition and foreign media.

He was trying to rile up the rakyat to a point of critical mass. At the same time, he used sentiments on UMNO platform to gain traction and support, primarily after Deputy Prime Minister Tan Sri Muhyiddin Mohd. Yassin and Rural and Entrepreneur Development Minister Dato’ Sri Mohd. Shafiee Apdal were sacked last July.

However, it didn’t fly.

His minions also leaked part of the information pertaining to internal Tabung Haji (TH) discussions on the process and decision to acquire the 69,754 sq. ft. parcel earmarked for luxury residential within the Tun Razak Exchange (TRX) development.

It was hyped and cited in such away that the Anti-Najib operatives intended to create the panic run against TH, as part of the demonstration of the Malays rejecting Prime Minister Najib’s leadership.

However, despite the lousy PR to explain the issue and debunk all the lies and negative perception against the strategic intent and benefits of the acquisition, the Anti-Najib move using TH failed miserably.

By August, his ceramahs were intensified. He went to Johor, to try and inflame the anti-Najib sentiments. There were curious audience but no real numbers, to make thing matters. At least not through the party.

Zaid Ibrahim collected Tun Dr, Mahathir at Pasar Seni LRT station on 30 August 2015, as the latter attended the second in a row appearance at BERSIH 4.0

Zaid Ibrahim collected Tun Dr, Mahathir at Pasar Seni LRT station on 30 August 2015, as the latter attended the second in a row appearance at BERSIH 4.0

Then on 29 and 30 August, the man who once dejected public demonstration crossed the very line he drew. He attended the illegal BERSIH 4.0, two days in a row.

Then it was said that his minions went all over the world making reports on and against 1MDB scandals and this point was hyped, to create the demonic perception against Prime Minister Najib.

In the attempt to diminish public confidence in the strategy to demonise Prime Minister Najib, in October the Statesman even uttered “He (Prime Minister Najib) might be arrested if he travels abroad and tried under ICJ”.

It is simply a stupid lie because Prime Minister Najib did travel to the United States and United Kingdom twice from then till now and other European states which include Turkey.

The Anti-Najib operatives tried to work through party during the AGMs at Division level in October-November, but non avail. UMNO General Assembly came in early December and the Fifth UMNO President could not effectively get the delegates to rise and topple Prime Minister Najib before and during the GA.

Almost immediately, they tried to get ‘No Confidence Vote’ against Prime Minister Najib through Dewan Rakyat. That failed too.

When MACC submitted the incomplete investigation paper (IP) to Attorney General on 31 December 2015, they issued a media statement knowingly that AG Tan Sri Apandi Ali would reject the IP on the ‘RM2.6billion donation’ and ‘SRC International’.

Tun Dr. Mahathir pre-empted that AG would throw the case away. It is the proof that senior MACC officers had conspired with the former Prime Minister, to topple Prime Minister Najib.

When his son Dato’ Seri Mukhriz Mahathir eventually resigned after two weeks of political stand off drama, due to lack of confidence and support amongst Kedah UMNO Division leaders and ADUNs, the situation worsened for the longest serving prime minister.

He tried to ride on the suspension of Tan Sri Muhyiddin as UMNO Deputy President. But not many people, especially within UMNO is bothered.

So as an obsessed and possessed man who demonstrate much lesser rational, Tun Dr. Mahathir managed to get very strange bedfellows like DAP Supremo Lim Kit Siang, PKR President Wan Azizah Wan Ismail, PKR deputy President Azmin Mohmaed Ali, PAN President Mohammad Sabu, former bar Council President Ambiga, BERSIH Chairman Maria Chin and anarchist Ishamuddin Rais to share the same platform and ink the ‘Citizens’ Declaration’.

Tun Dr. Mahathir at arms with the Opposition, particularly his nemesis for 49 years Lim Kit Siang and DAP

Tun Dr. Mahathir at arms with the Opposition, particularly his nemesis for 49 years Lim Kit Siang and DAP

That was the breaking point of many Tun Dr. Mahathir’s own hardliners, loyal supporters and sympathisers.

This marriage-of-(in)convenience-between-backstabbing-strange-bedfellows, opens a new horizon on what Tun Dr. Mahathir willing to do to topple Prime Minister Najib. This include what deal he did with his arch enemy for the past 49 years.

It is naive to exclude that DAP leaders would not not expect anything from the UMNO President and Ultra Malay leader for 22 years, for getting them to come onboard of his personal obsession.

It was said that within the DAP, there were many skeptics of this new relationship with their sworn enemies and they are actually out of reason to rationalise when their hardliners and staunch supporters of many years.

None of them actually fly off to threaten Prime Minister Najib.

His frustration made him man-possessed, till the point that he decided to take on Prime Minister Najib on all his allegations of 1MDB which include the ‘USD620million donation by a Saudi Royal Family”, was linked to the strategic investment corporation of the Malaysian Government.

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This desperation is reflective in some of the staunchest supporters of Tun Dr. Mahathir in the Anti-Najib Campaign, who one time was a much respected GEIC of a very important media group to resort to posting of fake Time magazine cover on his social media account.

This is politics never seen in modern Malaysian history, especially by a party which will be celebrating its 70th anniversary in less than seven weeks and had been in power continuously for over 61 years.

Published in: on March 23, 2016 at 13:00  Comments (3)  
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