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Friday, May 29, 2020

Press conference call by two Bersatu MPs triggers hung Parliament chatter

Malaysiakini

Minister in the Prime Minister's Department Redzuan Md Yusof has called for a 5pm press conference at the Bersatu headquarters in Petaling Jaya today amid rife speculation that a party minister will quit the cabinet today.
He will be joined by deputy minister for works Shahruddin Mohd Salleh.
If the two defect from the Perikatan Nasional faction, this would result in a hung parliament.

PN would be left with 111 MPs, against 111 MPs from the Dr Mahathir Mohamad, Pakatan Harapan and Warisan pact.
Malaysiakini has contacted both Redzuan (above) and Shahruddin but has yet to receive a response.
Shahrudin, who is the Sri Gading MP, was Bersatu's first secretary-general and was a staunch Muhyiddin loyalist.
Bersatu fractured in two after Muhyiddin took the party out of Harapan in February to form PN with Umno, BN, and PAS.
Political pundits predicted that the PN coalition could run into trouble with regard to electoral seats as Bersatu, Umno, and PAS are eyeing the same constituencies. It is unlikely that Umno would step aside for Bersatu in a general election.
Mahathir, on the other hand, predicted this would sound the death knell for Bersatu.
Redzuan and Shahrudin's presser comes a day after Bersatu nullified the memberships of Mahathir and four others for sitting in the opposition bench in Parliament.
The five, including Mahathir's son Mukhriz, have disputed the nullification. - Mkini

Najib's SRC submissions: Court to hear defence's argument on Monday

Malaysiakini

The defence team representing former prime minister Najib Razak in the SRC International Sdn Bhd case will be making their oral submissions first when the case resumes on Monday.
High Court judge Mohd Nazlan Mohd Ghazali previously set three days from June 1 to 3 to hear the oral submissions by both parties.
“Yes, (I will submit first) and ending up with us again,” lawyer Muhammad Shafee Abdullah (above), who leads the defence team, told Bernama when contacted today.
Appointed prosecutor V Sithambaram also told Bernama he will be making submissions for the prosecution to rebut the defence’s case.
So, the proceedings on Monday will see the prosecution’s reply to the defence’s submissions and end up with the defence’s reply to the prosecution’s argument.
On May 5, deputy public prosecutor Muhammad Izzat Fauzan told Bernama that the defence had submitted a total of 643 pages of written submissions while the prosecution, 306, to the High Court and both parties have to reply to the submissions.
He also said the prosecution had replied 336 pages of submissions to the defence's written submissions while the defence replied with 446 pages.
On March 11, the defence closed its case after calling 19 witnesses during the defence trial that ran for 33 days since Dec 3 last year.
The trial had begun on April 3 last year with the prosecution calling 57 witnesses to the stand.
On Nov 11 last year, Najib was ordered to enter his defence on seven charges of misappropriating RM42 million in SRC funds, comprising three counts of criminal breach of trust (CBT), three counts of money laundering, and one count of abuse of position in relation to the SRC funds.
With regard to the CBT charges, Najib, as a public servant and agent, namely prime minister and finance minister of Malaysia, and advisor emeritus of SRC International, allegedly misappropriated RM27 million and RM5 million respectively of RM4 billion belonging to SRC.
He was charged with committing the two offences at AmIslamic Bank Berhad, Ambank Group Building, No 55, Jalan Raja Chulan here, between Dec 24, 2014, and Dec 29, 2014.
On the third count, Najib allegedly misappropriated another RM10 million out of RM4 billion belonging to SRC at the same place between Feb 10, 2015, and March 2, 2015.
The three charges are framed under Section 409 of the Penal Code which provides an imprisonment for up to 20 years, with whipping, and a possibility for a fine upon conviction.
On the charge of abusing his position, Najib as prime minister and finance minister was alleged to have used his position to commit bribery involving RM42 million through his participation or involvement in the decision to provide government guarantees for loans from Retirement Fund Incorporated to SRC International amounting to RM4 billion.
He was alleged to have committed the offence at the Prime Minister's Office, Precinct 1, Putrajaya, Federal Territory of Putrajaya, between Aug 17, 2011, and Feb 8, 2012.
The charge, under Section 23 of the Malaysian Anti-Corruption Commission Act 2009 and punishable under Section 24 of the same Act, provides an imprisonment for up to 20 years and a fine of not less than five times the amount or value of the bribe or RM10,000, whichever is higher, upon conviction.
On the three money-laundering charges, Najib is alleged to have received RM27 million, RM5 million, and RM10 million, respectively, of proceeds from unlawful activities, via Real-Time Electronic Transfer of Funds and Securities (Rentas) into his two AmIslamic Bank Berhad accounts, bearing the numbers 2112022011880 and 2112022011906.
The offences were allegedly committed at AmIslamic Bank Berhad, AmBank Group Building, No. 55, Jalan Raja Chulan here, between Dec 26, 2014, and Feb 10, 2015.
The charges were framed under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001 and if convicted, the ex-premier faces up to 15 years imprisonment and a fine of up to five times the sum or value of the illicit proceeds or RM5 million, whichever is higher, on each count.
Bernama

Penang DAP urges cops, MCMC to probe Facebook page for slander

Malaysiakini

Penang DAP elected representatives have condemned a Facebook page for posting "slanderous, disturbing and fake news" regarding the party and its coalition Pakatan Harapan.
Leading the charge, Seri Delima assemblyperson Syerleena Abdul Rashid (above) lodged a police report today, urging the police force to take immediate action against the Facebook user who goes by the moniker "Det Santai De Villa".
Syerleena said the individual, who boasts of 1.9 million followers, has also posted disparaging remarks about Penang Chief Minister Chow Kon Yeow.
According to Syerleena the Facebook post in question on May 26, 15.57 hours, condemned Malays who supported DAP, saying they were destroyers of Islam and the country for wanting to remove the bumiputera classification and championing equality among the country's various ethnic groups.
Another Facebook post, reportedly published on April 2, accused Chow and his predecessor of having allegedly given MyKads to Chinese nationals.
Syerleena provided screenshots of the alleged posts while denying the allegations. The Facebook posts have since been removed from the page.
"Economic and public health matters should be given priority now as our country faces the Covid-19 pandemic challenge," said Syerleena, after lodging the police report.
"There is no place for spreading slander based on racism and hatred. The spread of slander is not freedom of speech but an act that threatens the prosperity and harmony of our country," she added.
"I hope the police and the Malaysian Communications and Multimedia Commission (MCMC) will investigate and take action against this spread of slander," she stressed.
In December last year, DAP senior leader Lim Kit Siang had castigated Penang BN secretary, Omar Faudzar for his speech at the Umno general assembly.
Omar had then accused DAP of importing “phantom voters” from China to obtain more numbers through Chinese nationals.
He told the Umno general assembly that if 5,000 of these Chinese nationals were placed in each parliamentary constituency, all of Umno MPs would be "wiped out".
"Malaysians must not allow extremists to turn Malaysia into a deeply polarised nation through unchecked dissemination of irresponsible and incendiary fake news and hate speech, creating deep divisions in the country and corroding basic political institutions, fuelling societal anger, ultimately endangering democracy and the nation itself," said Lim, the Iskandar Puteri MP. - Mkini

'I am waiting' - Dr M at Bersatu office ahead of rival sec-gen's presser

Malaysiakini
Dr Mahathir Mohamad is at the Bersatu headquarters in Petaling Jaya, where Hamzah Zainudin is scheduled to hold a press conference at 4pm.
Hamzah is the secretary-general of the faction aligned to Bersatu president Muhyiddin Yassin, which is at loggerheads with Mahathir's loyalists.
The press have since been informed that Hamzah will hold his press conference elsewhere.
In a Facebook posting, Mahathir, who is the disputed Bersatu chairperson, said: “They said they want to sack (me), I am waiting in the office."
A video showed the 95-year-old politician walking into the Bersatu chairperson's office and sitting at his desk.
Yesterday, Mahathir and four others were told by the Muhyiddin faction that their Bersatu memberships were nullified for sitting in the opposition bench in Parliament.
The five, including Mahathir's son Mukhriz, have disputed this. Hamzah's press conference is expected to address this issue.
At his own press conference later, Mahathir said he had come to the Bersatu headquarters to meet with the party's organising secretary Muhammad Suhaimi Yahya who had issued the five their termination letters.
"I wanted to meet this organising secretary who sacked me, but he didn't want to meet me.
"He promised that when Hamzah arrived they would meet me together, so I waited.
"However, now Hamzah will have his press conference elsewhere, not here. So now this organising secretary is also not coming," he said.
On the reason for their termination, Mahathir said that MPs are free to sit wherever they want in Parliament.
Redzuan Mohd Yusof 
Meanwhile, speculation is rife that a Bersatu minister will be resigning this evening.
Minister in the Prime Minister's Department Redzuan Md Yusof and Deputy Works Minister Shahruddin Mohd Salleh will be having a press conference at 5pm at the Bersatu headquarters as well.
If the two defect from the Perikatan Nasional coalition, this would result in a hung Parliament.
PN would be left with 111 MPs, against 111 MPs from the Dr Mahathir Mohamad, Pakatan Harapan and Warisan pact.
Bersatu had fractured into two after Muhyiddin took the party out of Harapan in February to form PN with Umno, BN and PAS.
Political pundits have predicted that PN would run into trouble with regard to electoral seats with Bersatu, Umno and PAS eyeing the same constituencies. It is unlikely that Umno would step aside for Bersatu in a general election.
Mahathir, on the other hand, has sounded the death knell for Bersatu. - Mkini

Cops: Khalid Samad not involved in ex-aide's bribery allegations

Malaysiakini

Police will not probe former federal territories minister Khalid Samad over the bribery allegations linked to his ex-political secretary Azli Yusuf.
Federal Commercial Crime Investigation Department  (CCID) chief Mohd Zakaria Ahmad confirmed that the Shah Alam MP was not involved in the matter.
"The case has nothing to do with the related (former) minister.
"So there's no reason for the police to call him," he told Malaysiakini.
Khalid's name surfaced after the police arrested Azli on May 16.
Subsequently, Khalid (above) tweeted that the arrest was made based on a complaint from an architecture firm that allegedly received a fake development order (DO) from a "broker."
He claimed the broker used Azli's name to imply it can obtain a DO for the architecture firm.
Prior to that, a media portal reported that the former minister would be one of the individuals summoned by the police.
On May 27, Khalid told the media that according to Azli, his name was never mentioned in the probe, while expressing hope to resolve the matter.
Meanwhile, Mohd Zakaria said the investigation on the matter is still ongoing. - Mkini

Petrol up 5 sen, diesel increases by 10 sen

PETALING JAYA: Petrol and diesel prices will increase by 5 sen and 10 sen, respectively, at midnight, the finance ministry announced.
RON95 will sell at RM1.43 per litre, while RON97 will retail at RM1.73 per litre. Diesel will retail at RM1.61 per litre.
The rates are effective until June 5.
The ministry said the rise in prices is due to the increase in refined product prices in line with the global crude oil prices.
“The government will continue to monitor the impact of global crude oil price change and take appropriate measures to ensure the welfare and well-being of the people are looked after,” it said. - FMT

SPEND WISELY!



Live On Cash For Two Weeks.
When is the last time you only used cash to pay for your purchases? Debit and credit cards help many people develop bad spending habits and result in their inability to differentiate between what they can actually afford to pay for and what are the avoidable unimportant expenses. With cash, it is very easy to tell if you can afford to pay for something or not.
Your first assignment is to put all of your cards away for at least two weeks. When you need to buy something, you are only allowed to use cash. After two weeks, if you have managed to do it, give yourself a passing grade.
Increase Your Spending Awareness.
Consider what you have learned about your spending habits by only using cash. Was it easier or harder to part with cash than card? Did you only buy things you needed, or was there also enough money to buy something that you wanted? How much did you have left at the end?
Some studies have found that people spend as much as fifteen percent more per purchase when they use card instead of cash. Spending more on every purchase adds up over the years, and if you want debt solutions that last for life, be aware of how you spend your money. 
Find Out Where Your Money Goes - Track Your Spending For Two Weeks.
Where does it all go? Every pay day there is money in your bank account, but it never seems to last long enough.
Your second assignment is to track your spending for at least two weeks. In a little notebook, or by using an application or software, make a note of where you are spending your money. You might want to track how much you spend on certain types of expenses, e.g. coffee or drinks out, or maybe track what you spend in certain stores may be easier. Either way, to pass this assignment, you need to have at least two weeks’ worth of spending information jotted down.
Create A Spending Plan To Solve And Prevent Financial Problems.
Creating a monthly plan for your spending is one of the smartest things you can do for your finances, yet it is the most overlooked solution to most people’s financial problems. Having a spending plan makes life so much easier because you have given yourself a guide to decide how you want to spend your money.
Ironically, it is also one of the things that you will likely never learn in a class at the university. Most schools do not teach students how to create a spending plan. So, to help with this lack of training, your third assignment is to outline your spending plan.
A spending plan based on real numbers sets you up for success, so use what you learned when you track your spending.
If there is an expense you want to cut out of your spending plan, start by reducing it by half. This will tell you if you can stick it out for the long term. If you can make having a spending plan a part of your life, you will know that you have passed this assignment successfully!
Find A Replacement For One Large Expense In Your Monthly Expenditure.
Cutting out an expense or changing a habit is easier if you replace it with something else. For instance, if you want to quit buying expensive coffee on your way to work, plan how you can replace this habit with a new one. You might buy yourself a new travel cup and purchase some coffee in sachet that you enjoy drinking and can be made at home!. Then change your routine so that you are not tempted to stop for coffee by taking a different route to work.
Your fourth assignment is to find one expense that is taking a real bite out of your spending and find replacement solutions. Cutting back on coffee is just one example. What about your entertainment costs, quitting smoking or scaling back on what you spend on hobbies and recreational activities? You will know that you have passed this assignment when all of your bills are paid up to date and you have got a little extra left in your bank account. 
Identify Expenses You Can Reduce.
Over the next month, identify areas of your spending plan that need some special attention. Look for ways to decrease your spending on your utilities. Do your laundry with cold water instead of hot; turn the heat down and the lights off when you are not home. If you have a home phone as well as a cell phone, decide if you need both. Routines can be hard habits to break.
Also identify products or services you no longer need but which you are still paying for. Many people simply let their bundled services renew from month to month, even when their needs have changed. This might be because they are too busy to look at their bills carefully, but taking the time to go through your bills line by line and calling the companies to make changes to service plans, or cancel services altogether, can find a lot of hidden cash.
If you have not guessed it yet, your fifth assignment is to identify what expenses you can reduce and then create the plan to follow through with your changes. You will know you have passed this assignment when your bills get a little smaller.
Create A Plan To Pay Off Your Debt.
Everybody has some debt, so is it really that big a deal? Yes, it can be. If you have debt that has slowly accumulated over a number of years, you need realistic debt solutions that work for your lifestyle, not quick fixes that you cannot live with for the long term. At some point interest rates will start going up and eventually your income will likely decrease when you retire. When either of these things happens, if you have relied on credit to make ends meet, you will find yourself facing some very tough choices.
Dealing with debt sooner than later leaves you with more options. You will only be able to pass this assignment if your plan is realistic and you draw on what you learned in the other five assignments.
Get Help With Your Debts And Your Expenditure.
If you need help dealing with your debts and finances, do not be afraid to ask.
You will know you have passed this assignment when you come away with additional insight about what you can do to deal with your debts more effectively and implement your spending plan realistically. Any good solution takes time to follow through with – your debt did not happen overnight; it will likely take some time to pay it off.
Start Investing Early
Spending your money wisely is not just about avoiding unnecessary purchases – it also requires you to take the money that you save and put it towards things that will help you reach your financial goals. With that in mind, there is no such thing as starting investing too early or investing too little.

No matter how young or old, that you are or how little money you have to invest, putting your money into quality companies that will grow in value as time goes on is always a wise use of your income.

Educate Yourself.
Last but not least, one of the best things any university could instill in its students is the desire to learn more. Any degree of learning from our mistakes is worthwhile, especially when we are educating ourselves about how to manage our money and our debt better.
Your final assignment is to keep learning. Take on more challenges or homework from the school of common sense. Life skills that further develop your new money habits will keep you on track with your spending plan, help you avoid financial problems, and help you plan for your future successfully. And that is a graduation worth celebrating!
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