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THERE IS NO GOD EXCEPT ALLAH
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MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!
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Thursday, December 31, 2015

Umno group to continue pressing for Najib’s resignation



Stepping into the new year, Gabungan Ketua Umno Cawangan Malaysia is still resolute to continue pressing for Umno president Najib Abdul Razak’s resignation.
The group’s spokesperson, Kamarul Azman Habibur, said they will continue fighting for the rakyat as well as for the sake of the country’s political scene.
The group - which consists of around 200 Umno branches - will also continue enlightening the rakyat with regard to the country’s political situation.
“We will continue piling pressure and we will continue fighting for the rakyat. We will champion the country’s political scene so that it will not destroy our society.
“We will not concede defeat,” vowed Kamarul at a press conference after holding a solat hajat (special prayers) in Puchong last night.
Kamarul, who is Taman TKK, Teluk Kemang Umno branch leader, said the group has several programmes lined up this year, which include a nationwide tour as well as holding solat hajat throughout the country.
“We will have a nationwide tour to bring change to the country’s politics whereby the rakyat’s livelihoods will be prioritised.
“The solat hajat in Puchong is the first of many more to come,” he said.
A date, however, has yet to be set for the next solat hajat programme.
Asked on the purpose of holding the solat hajat, Kamarul said it is aimed to ‘save Malaysia’ as well as to ask for the country’s prosperity.
The group has been active in urging for Najib to resign as both Umno president and the prime minister.
Several Umno branches have previously demanded for Najib’s resignation, which includes branches in Johor Baru, Puchong as well as Teluk Kemang. -Mkini

Muhyiddin: Rakyat still not confident with gov’t



It seems that 2015 ended with the rakyat’s confidence in the government still wavering.
Former deputy prime minister Muhyiddin Yassin therefore believes that 2016 will be fraught with more challenges.
Muhyiddin, in his new year’s message, said that 2015 was definitely a bleak year for Malaysia in terms of integrity and transparency with regard to the country’s administration.
Citing the various scandals plaguing the country - the 1MDB imbroglio, the RM2.6 billion ‘donation’ to the prime minister, the sacking of the former attorney-general, as well as the transfer of Malaysian Anti-Corruption Commission (MACC) officers involved in investigations into 1MDB - these were only among the instances which had raised questions in relation to integrity in administering the country.
The government’s explanation on the 1MDB scandal, said Muhyiddin, has yet to convince the rakyat.
“They want those responsible for losing such a huge amount of money as well as the country’s coffers to be brought to justice,” said Muhyiddin.
Apart from issues of integrity and transparency, Malaysians have had to tackle the rising cost of living, he added.
Admitting that the 1Malaysia People’s Aid (BR1M) has somewhat alleviated the financial burden of the poor, the rising price of goods, toll hikes, increase in public transport fares as well as removal of government subsidies have only increased the rakyat’s burdens.
“Until the end of 2015, cost of living continues to haunt the rakyat. Overall, the rakyat want the government to do something more meaningful and effective to alleviate their burdens,” he said.
Muhyiddin stressed that the country’s leaders were responsible in preventing wastage and leakages when it comes to government expenditure especially since the rakyat have been urged to be thrifty and to work overtime to increase their income.
“Make sure that every sen spent by the government gets to the rakyat. Every sen in the form of tax collected from the rakyat must be returned in the form of public facilities, education, transportation, healthcare as well as welfare programmes that truly benefit those who need them.
“It’s a shame how with the rakyat suffering due to the rising cost of living [...] there is still leakages and wastage in the distribution of contracts and concessions that will only benefit a small group of individuals,” he said.
Issues related to the cost of living as well as government integrity aside, Muhyiddin urged for unity among the country’s various races.
“Don’t let irresponsible quarters purposely fan the race and religious sentiment just so that the rakyat’s attention are turned away from the issue of the country’s administration,” he stressed.
Malaysia experienced a number of incidents last year, which saw several race-related incidents occurring.
After the Low Yat Plaza fracas in July, several thousands took to the streets clad in red shirts in defence of the ‘Malay race’s dignity’ in September. -Mkini

HAPPY NEW YEAR 2016 !!!




WISHING ALL MY RELATIVES, FRIENDS & READERS 

A HAPPY NEW YEAR 2016 

MAY THIS NEW YEAR BRING 
HAPPINESS, GOOD HEALTH & PROSPERITY.

A video :


From: 
MOHD. KAMAL BIN ABDULLAH, WIFE & FAMILY, 
KOTA KINABALU, 
SABAH

Hutang RM46 Billion, Jual Bandar Malaysia RM7.41 Billion.. Najib Kata Isu 1MDB Dah Settle?


Sepanjang hidup aku inilah pertama kali aku dengar Penasihat bagi sebuah Syarikat bangga bila Syarikatnya terpaksa menjual aset bagi mengurangkan hutangnya..

Semalam 1MDB mengumumkan ia telah menjual 60 peratus pegangan dalam Bandar Malaysia bernilai RM7.41 bilion kepada sebuah konsortium yang terdiri daripada Iskandar Waterfront Holdings dan China Railway Engineering Corporation Sdn Bhd.

Dan Najib dilaporkan bangga dengan penjualan untuk mengurangkan hutang itu.. 

Yang aku tahu, Syarikat hanya akan berbangga jika hutangnya boleh dikurangkan atau dilunaskan melalui keuntungan yang diperolehinya bukannya dengan menjual apa yang ada..

Tapi entah mana Najib belajar pasal pengurusan perniagaan ni.. Najib bangga bila 1MDB yang diilhamkan olehnya terpaksa menjual pegangannya untuk mengurangkan hutang..

Baca ni.. 

Najib dengan bangganya menghuraikan bagaimana 1MDB telah menandatangani beberapa perjanjian yang akan menyaksikan hutang syarikat itu berkurangan kepada kira-kira RM40.4 bilion.

Katanya, ini mewakili sebahagian besar daripada hutang RM46 bilion yang ditanggung oleh 1MDB.

Antaranya, adalah penjualan 60 peratus ekuiti dalam projek Bandar Malaysia kepada sebuah konsortium yang terdiri daripada Iskandar Waterfront Holdings dan China Railway Engineering Corporation.

Perjanjian itu diumumkan hari ini dan Najib berkata ia akan membebaskan 1MDB dengan jumlah hutang sebanyak RM7.1 bilion ~ Malaysiakini

Hutang RM46 Billion, tapi jual pegangan dengan harga RM7.1 Billion.. Najib boleh kata ini mewakili sebahagian besar daripada hutang?

Macam mana dia kira tu?.. nampak macam nak perbodohkan rakyat saja ni..

Tapi kalau kita baca apa yang dilaporkan oleh Sinar Harian ni disebut 60 peratus ekuiti Bandar Malaysia bersamaan RM7.41 bilion.. bukannya RM7.41 Billion seperti yang Najib sebut tu..

KUALA LUMPUR - 1Malaysia Development Berhad (1MDB) akui mencapai sasaran pelan rasionalisasinya dalam rangka mengurangkan hutang syarikat milik kerajaan itu dalam tempoh enam bulan yang dijanjikan.

Presiden dan Pengarah Eksekutif Kumpulan 1MDB, Arul Kanda berkata, ianya tercapai setelah langkah terakhir diambil hari ini dengan penjualan 60 peratus ekuiti Bandar Malaysia kepada konsortium.

"Bagi pelan rasionalisasi ini, kami telah capai apa yang kami sasarkan.

"Dan hari ini merupakan hari terakhir bagi tahun 2015 seperti yang dijanjikan, kami telah mencapai 'final piece of puzzle' dengan menjual Bandar Malaysia dengan secara keseluruhannya jumlah pengurangan hutang sehingga RM12.35 bilion ," katanya pada sidang media selepas Majlis Tandatangan Perjanjian Jual Beli Saham di sini, hari ini.

1MDB menjual 60 peratus ekuiti Bandar Malaysia bersamaan RM7.41 bilion kepada Konsortium iaitu usahasama antara syarikat milik Kerajaan Negeri Johor dan sebuah syarikat mega dari China.

Konsortium yang dikenali sebagai IWH-CREC Sdn Bhd adalah perkongsian awam-swasta antara Konsortium Iskandar Waterfront Holdings Sdn Bhd (IWH) dan China Railway Engineering Corporation (M) Sdn Bhd (CREC).

Sebelum ini, 1MDB telah menjual semua asetnya terhadap Edra Global Energy Bhd kepada China General Nuclear Power Corp dan anak syarikatnya (CGN Group) untuk RM9.83 bilion.

CGN Group akan membayar dalam tunai, nilai ekuiti RM9.83 bilion dan akan menanggung semua hutang kasar berkaitan dan tunai syarikat operasi Edra, berdasarkan tarikh penilaian pada 31 Mac 2015.

Selain penjualan ekuiti dalam syarikat tenaga Edra, pelan rasionalisasi 1MDB termasuk pelaksanaan pertukaran hutang dengan ekuiti, dengan syarikat pelaburan petroleum dari Abu Dhabi, International Petroleum Investment Company (IPIC) yang akan mengurangkan hutang 1MDB sebanyak kira-kira RM16 bilion ~SinarHarian

Aset tenaga negara Edra Global Energy Bhd dijual kepada China General Nuclear Power Corp.. firma dari luar negara..

Bandar Malaysia dijual kepada Konsortium iaitu usahasama antara syarikat milik Kerajaan Negeri Johor dan sebuah syarikat mega juga dari China.

Tahun depan dalam Perhimpunan UMNO pakat ramai-ramai menyanyi lagu ni..

Anak kecil main api
Terbakar hatinya yang sepi
Air mata darah bercampur keringat
Bumi dipijak milik orang

Nenek moyang kaya-raya
Tergadai seluruh harta benda
Akibat sengketa sesamalah kita
Cinta lenyap di arus zaman

Indahnya bumi kita ini
Warisan berkurun lamanya
Hasil mengalir ke tangan yang lain
Peribumi merintih sendiri

Masa depan sungguh kelam
Kan lenyap peristiwa semalam
Tertutuplah hati terkunci mati
Maruah peribadi dah hilang

Kini kita cuma tinggal kuasa
Yang akan menentukan bangsa
Bersatulah hati bersama berbakti
Pulih kembali harga diri
Kita sudah tiada masa
Lepas tu pakat menangis riuh rendah.. sedih sangat konon...

Pengetua Sekolah Pijak Kaki Adik Aku Kerana Pakai Selipar



Siang-siang dah mendidih darah aku! Alkisah, adik aku pergi sekolah nak ambil buku teks katanya. Dengan tangan berbalut, kaki retak, jari kaki berjahit, pergi ke sekolah pakai selipar. 

Datang Pengetua Sekolah Menengah B***** N***** (perempuan okay) terus pijak kaki adik aku yang sakit itu. 

Lain kali bertanyalah dulu kenapa dia pakai selipar. Bukan terus main pijak saja kaki orang. This is biadab okay! Lama pula tu dipijak. Bila adik aku kata "Sakitlah cikgu, kaki kena jahit ni,". 

Pengetua itu bagai tak percaya dan bertanya, "Mana?!"

Bila adik tunjuk luka di kaki dia, pengetua itu tengok dan terus blah. Haaa! Takut ke bopeng?! Kalau yang tua pun tak boleh belajar hormat orang, macam mana anak didik nak hormat cikgu?

Take note ye, bukan cikgu saja tetapi semua orang! Panas hati betullah. Balik-balik saja dari sekolah, dia cakap cikgu pijak kaki yang sakit. 

Lain kali bagi salam dulu sebelum terjah rumah orang ye! Dulu aku sekolah di situ juga, tetapi cikgu dan pengetua aku sangat baik! Sedih gile aku! 

Aku pun selalu bergaduh dengan adik aku tetapi bila dia sakit, sedih dowh! Bukan nak mengaibkan sekolah sendiri tetapi i is sangat pegel! 

Gambar yang pertama itu, kecederaan sebelum mendapat rawatan hari itu. Nak beritahu teruk jugalah kecederaannya, bukan luka sikit-sikit saja. - Ina Raiyan

Tragedi Tahun Baru - Gambar & Video Hotel Mewah 63 Tingkat Berdekatan Burj Khalifa Dubai Terbakar



Dubai, 31 Dis - Satu kebakaran besar di The Address Hotel di bandar Dubai beberapa jam sebelum acara bunga api sempena tahun baru di negara itu.

Acara bunga api itu dijadualkan berlangsung berdekatan dengan bangunan terbesar di dunia, Burj Khalifa.

Kerajaa Dubai kini dalam proses mengosongkan hotel tersebut bagi mengawal kebakaran.








Corruption: Malaysia’s 1MDB Scandal enters Rogues Gallery in 2015

by Siobhan O’Grady
Kalam and Corruption
A goat and cash exchanged for shortened sentences in Ghanaian prisons. International soccer games that were bought and sold. Rolexes and vacation clubs traded for Chinese business deals. In 2015, massive corruption scandals embroiled world leaders, high court judges, and the men who run the world’s soccer industry, among many others.

Below, Foreign Policy chronicles some of the most egregious.

FIFA
Soccer’s world-governing body is so entangled in a massive web of corruption that it’s hard to pinpoint where it begins or ends, or even just how much money is involved. In May, after a lengthy U.S.-led investigation, the American Justice Department indicted 14 FIFA associates and officials, both current and former, who the FBI believed to be involved in “rampant, systemic, and deep-rooted” corruption. Seven months later, in December, another 16 officials were charged with involvement in bribery and corruption. On top of all that, FIFA president Sepp Blatter and Union of European Football Associations President Michel Platini were both given eight year suspensions from soccer activities this month over $2 million paid to Platini by Blatter in 2011. The U.S. investigation was initially intended to figure out whether FIFA officials took bribes to allow Russia and Qatar to host upcoming World Cups. But as evidence mounted, the inquiries expanded into a much more expansive probe, revealing what prosecutors say are years of corrupt practices, including bribery and game-selling, from officials in Europe, North America, Latin America, and the Caribbean.
Nigeria
When Nigerian President Muhammadu Buhari took over the Presidency in May, it didn’t take him long to announce that he estimated some $150 billion had gone missing in Nigeria over the past ten years. The former military leader vowed he would do his best to find out where that money ended up, and in November he claimed to have traced at least a small fraction of it back to his predecessor’s administration. On November 17, he ordered the arrest of Sambo Dasuki, former President Goodluck Jonathan’s National Security Advisor, for dipping his hands into the defense budget and allegedly stealing some $2 billion from the country’s fund to fight Boko Haram, the extremist group terrorizing Nigeria’s northeast. According to Buhari, Dasuki awarded phantom contracts for military supplies, including helicopters, fighter jets, bombs, and ammunition. But the equipment never arrived, and the new Nigerian administration is convinced Dasuki pocketed the money.
Malaysia–1MDB and Superstar Najib Razak
Najib the Wolf of WSJ
The RM2.6 Billion Man from Malaysia
When U.S. President Barack Obama visited Malaysia in November, 2015 he had the pleasure of arriving in the middle of an awkward corruption scandal. Four months earlier, the Wall Street Journal reported that some $700 million of state funds had ended up in Malaysian Prime Minister Najib Razak’s personal bank account — which was not where they were supposed to go. That tied Razak directly to a probe into the 1Malaysia Development Berhad, a government-owned development company that was supposed to turn Kuala Lumpur into a thriving financial hub. Najib has disparaged the Journal’s reports as inaccurate, claiming instead that the money in his account came from personal donations. But the reports came after the fund had already fallen behind on its payment schedule. Obama claims he raised the question of corruption in a private meeting with Najib, but publicly said only that the government should aim to be “more accountable, more open, more transparent, to root out corruption.”
Honduras and Guatemala
This spring and summer, protests erupted in the Central American countries of Honduras and Guatemala, as angry activists demanded the resignations of the countries’s two presidents. In Guatemala, the outrage was linked to an international probe that discovered how customs duties were lowered for bribes. And in Honduras, the former director of the Honduran Social Security Institute was accused, along with some of his top officials, of awarding $200 million of contracts to phantom companies. Some of that money is allegedly tied to President Juan Hernandez’s political party.
Ghanaian Judges
For two years, investigative journalist and 2015 Foreign Policy Global Thinker Aremeyaw Anas worked on a film based on footage he gathered prowling the halls of Ghanaian courthouses, pretending to be the relative of accused criminals and offering bribes to judges in exchange for shortened prison sentences. Wearing a secret camera, Anas claims to have caught 32 judges accepting offers of money and even livestock. In October, after Anas published his documentary, Ghana suspended seven top judges in what the country’s judicial council labeled a “prima facie case of stated misbehavior against them.” That “misbehavior” was what was documented by Anas, whose journalistic mission is to “name, shame, and jail” corrupt officials. And in this case, he claims he has hundreds of additional hours of footage to further prove the justices’ complicity. In December, 21 of the 32 indicted judges were reportedly asked to step down.
United Nations General Assembly
According to the prosecutors who filed charges against him in October, John Ashe, former President of the U.N. General Assembly and one-time U.N. Ambassador from Antigua and Barbuda, knew how to use diplomacy to make a quick buck. The October complaint claims that Ashe took part in a $1 million bribery scheme with a Chinese businessman who wanted to build a multi-billion dollar U.N. conference center in Macau. But that wasn’t the end of his shady deals with Chinese businessmen:  Ashe allegedly pocketed upwards of $800,000 in bribe money to support Chinese business deals on Antigua, then shared some of it with the Antiguan prime minister. And prosecutors say Ashe got a lot more than just the extra pocket money out of all his wheeling and dealing. According to the complaint, his under the table deals helped him pay $40,000 in BMW bills, build a $30,000 basketball court in his private home, collect $54,000 in Rolex watches, and join a vacation club for $69,000 — among other luxuries.

Here’s Why Oil Above $100 Will Never Happen Again, Ever, Forever!!

Brent Crude Oil is trading just slightly above US$36 a barrel, forming a resistance-support at US$38-US$36 level. If today is somewhere June-2014, roughly one and a half year ago, and I were to tell you that global oil prices would tumble by 50% to US$60 a barrel; you would probably laugh to your death.
Brent Crude Oil Prices Chart - 31Dec2015
Likewise, if you are being told today that the oil prices would collapse further to US$20-US$25 a barrel; you would most likely laugh to your death, again. That would be absurd and doesn’t make any sense. How could the black gold lose any more than the 70% that it had already lost today? Ahh, but that was what you said when it plunged to US$60 from US$115.

More than 200-year ago in 1798, Thomas Robert Malthus famously predicted that the society would doom to poverty and misery – population would double every 20 years until people were no longer able to produce crops fast enough to feed themselves. The world population was merely 800 million in 1798 and has since grown to 6.7 billion today, something unimaginable by Malthus.
Crop Farm Production
Malthus was wrong in his predictions because he failed to account for improvements in farming techniques, as well as the use of technology.Unlike other powerless animals, humankind will eventually find ways of producing. The average British field yielded just over 3- tons of cereal per hectare per year in 1961; today, it is twice that.

So, what has Malthus’ Principles of Population got to do with global oil prices? Just like food production technique, humankind will eventually find ways toinnovate and improve oil consumption. It is just a matter of time before improved battery technology and ever-cheaper solar power finally lessen our dependence on the internal combustion engine and oil.
Oil Rig Drillers
We will eventually be able to feed and fuel the world’s population using significantly less land and fewer hydrocarbons than we do today, even when the world reaches 9.2 billion by 2050. And just like the failure of Malthus crisis, there isn’t any shortage of global crude oil to begin with. But how could the price of Brent crude oil briefly reached US$147 a barrel in 2008?

Ahh, that’s the power of speculators or simply scammers, if you wish to call them. They create fear about supply shortage and BOOM! – investors rush to buy and hedge hence push up oil prices above its fair value. Likewise, they create fear about excessive oversupply and CRASH! – investors rush to dump their portfolio.
OPEC Desperately Selling Oil Below Market Price
Isn’t it funny that the oil prices could collapse by 70% when global crude oil supply didn’t increase by 70%? Anyway, there’re many reasons for this historic oil price collapse. The old oil cartel – OPEC – has reached its tipping point as the kingpin who can influence oil prices. Thanks to innovative oil extraction through shale drilling, U.S. is becoming a net oil exporter.

At the same time, the slowdown in China has reduced demand for energy. Iranian’s promise to pump at least 500,000 barrels per day will further push down global oil prices. And if you think it will recover any time soon, stop dreaming. For the first time in its history, Saudi Arabia has posted the largest budget deficit – a whopping 367 billion riyals (US$97.8 billion; £66 billion; RM422 billion).
Saudi Arabia Oil Production Monitoring Command Center
The usual arrogant Saudi government has no choice but promises to cut spending from 975 billion riyals to 840 billion riyals in 2016. Here’s the best part for the people of Saudi – price of gasoline will be raised by two-thirds (66%) to 0.75 riyals a litre from 0.45 riyals for 91 Octane fuel. The cut in subsidy will affect electricity, water and gas tariffs too.

Saudi needs the oil prices to be at least US$105 a barrel to balance its annual budget. However, by OPEC’s own admission about a week ago, the crude oil will recover to US$95 a barrel, but only in 24-years time by 2040. OPEC also predicted that a barrel of oil would cost around US$70 by 2020. This means Saudi will continue to suffer budget deficit for 24-years, even if their prediction is correct.
Saudi Arabia Oil Production - Oil on Currency
Clearly, OPEC’s prediction is overly optimistic considering they also predicted, in the same breath, that global oil demand would rise to 97.4 million barrels per day by 2020, a negligible rise of 500,000 barrels a day compared to last year’s outlook. By 2040, OPEC predicted overall demand to be close to 110 million barrels a day.

But why even bother about oil prices in 2040 when cars in the not so future willNOT be using traditional internal combustion engines at all? Honda’s chief technology strategy officer Keiji Ohtsu predicted that by 2025, Honda wouldn’t be selling conventional internal-combustion engines in China. Honda expects hybrids to account for 20% of global sales (and 80% sales in Japan) by 2020.
Honda 2016 Clarity Fuel Cell Car
China is the world’s largest market for new cars, and it also has some of the world’s worst air pollution. Thus, Chinese emissions standards in place 10-years from now will be so strict that Honda will have an all-hybrid line-up there, likely augmented by some plug-in electric cars and hydrogen fuel-cell vehicles.

Toyota Motor has made its view loud and clear – hydrogen-powered cars are the future, although China has reportedly forced Toyota to build battery-electric cars. Like it or not, Toyota will roll out the Leahead and Ranz all-electric brands with its China partners Guangzhou Automobile Group and FAW Group early 2016.
Toyota Leahead
Regardless whether it’s hydrogen-powered, battery-electric or hybrids, cars produced by 2020 will not use gasoline-only engines, let alone 2040. Gasoline-powered cars won’t be totally extinct but they would be insignificant.Malaysian-produced Proton is perhaps an example of car that might still be sucking petrol the conventional way, but even they’re toying with hybrid and electric cars. -financetwitter

Rosmah sacrifices for Najis to be in power

http://www.themalaymailonline.com/malaysia/article/give-najib-a-chance-says-johor-sultan
Many questioned why the sudden support for Najis when the Sultan of Johore was on track targeting the biggest crook in Malaysia History.
The answer was announced to the world today.
http://www.themalaysianinsider.com/malaysia/article/after-1mdb-deal-rafizi-says-chinese-firms-to-win-kl-singapore-fast-train-pr
http://www.malaysia-today.net/1mdb-sells-bandar-malaysia-land-to-johor-chinese-consortium/
People in the know knew that the major share holder in the two deals was Rosmah and it was also because of her that the Sultan of Johore was denied a role.  So when the Sultan of Johore got all the Sultan to bang Najis, Rosmah on the advice of the Queen gave away her share as a gift to the Sultan of Johore.
So now do you understand why the Sultan of Johore is smiling alot these days while a frustrated Rosmah was sent together with the Queen to release her frustration in Hongkong for shopping and partying all night with some so-called lovely boys.


WHILE THE KING IS FEELING LONELY AT HOME, NSC HAS THE APPROVAL OF THE QUEEN DURING THE LONG HOLIDAY.
YOU ARE HAPPY, I AM HAPPY, TOGETHER WE WILL RULE WITH A WHIP.
BEST NEW YEAR GIFT TO ALL MALAYSIANS WHO STILL THINK MALAYSIA CAN BE SAVE.
DO REMEMBER 2016 IS ALSO THE YEAR OF DEATH.
SO WHO DO YOU THINK WILL BE THE FIRST VICTIM OF 2016 IN DEATH?

Happy New Year 2016 (VIDEO)

SORRY BUT YOUR WINTER HAS JUST BEGUN, NOT ENDED - TONY TELLS 'OUTRIGHT LIAR' NAJIB & 1MDB

SORRY BUT YOUR WINTER HAS JUST BEGUN, NOT ENDED - TONY TELLS 'OUTRIGHT LIAR' NAJIB & 1MDB
Datuk Seri Najib Razak today said 1Malaysia Development Bhd (1MDB) had overcome its major challenges this year, just as he had promised it would in June.
"It is therefore clear that 1MDB’s major challenges are now behind it, as I promised they would be last summer, and all that remains is for the deals it has entered into to be completed and the final steps of 1MDB’s rationalisation programme to complete," said Najib on his website.
I beg to disagree with the Prime Minister’s New Year Message claiming that the fulfilled his promise made in June.
Firstly, 1MDB remains “alive” today not because it survived through its own business acumen and realised profits. 1MDB remains alive today because the tax-payers and government related funds bailed out the excesses of the company.
The latest transaction where 1MDB sold a 60% stake in Bandar Malaysia to a consortium of companies led by China Railway Engineering Corporation (CREC) for RM7.41 billion is unquestionably profitable. It will certainly go a long way toward reducing some of 1MDB’s remaining RM32 billion of debt after the earlier Edra Global disposal.
However, the sale is funded by the tax-payers because the Federal Government gave away the prime piece of property to 1MDB at the bargain basement price of RM1.6 billion in 2012.
All 1MDB did was to resell this piece of land to a third party for a profit to pay down its debts. As anyone can tell, 1MDB has generated zero value to the Sg Besi airbase as not a single stone has been laid on the piece of land.
In fact, the above proved that 1MDB had borrowed billions of ringgit, lost the money and had to rely almost entirely on prime government assets to pay down the debts.
Similarly, the 1MDB boasted that the rationalisation exercise is completed is an outright lie.
1MDB President, Arul Kanda had said the first step in the rationalisation plan was achieved through the debt-for-assets swap with International Petroleum Investment Company (IPIC), which reduced 1MDB’s debt by RM16 billion.
Unfortunately, he consciously failed to highlight the fact that the debt will only be reduced if 1MDB can produce RM16 billion of assets to swap with IPIC come June 2016. In fact, if 1MDB fails to deliver the necessary assets to IPIC by then, the Ministry of Finance is legally obliged to compensate IPIC.
Clearly, Dato’ Seri Najib Razak and the 1MDB executives are hoping to fool Malaysians into thinking that the monstrous 1MDB scandal has been fully resolved and the dusts are meticulously swept under the carpet.
However, the facts speak for themselves – 1MDB remains deeply in debt, to the tune of RM20 billion despite the multi-billion-ringgit indirect bailout by the Federal Government. Malaysians will enter the New Year knowing that come June next year, we will likely be rocked with another multi-billion-ringgit bailout which Malaysian tax-payers can ill-afford.
Worse, the bailout proved mismanagement and grave wrong-doings in the wholly-owned Finance Ministry subsidiary. Despite the tonnes of evidence-backed allegations against the company, 1MDB has shown no hard evidence to prove its innocence over matters suchs as billions of dollars siphoned to companies controlled by Jho Low.
Unlike some people, the majority of Malaysians will certainly not easily forgive and forget such outrageous shenanigans by the BN Government. My 2016 resolutions will be to ensure that all those responsible for the tens of billions of ringgit loses are exposed for their misdeeds.
Tony Pua is MP for PJ Utara

RM2.6BIL POSER: ARE MALAYSIANS STUPID? CAN NAJIB FORCE THEM TO BELIEVE HE IS INNOCENT?

2016 is here and with it comes a lot of anticipation and expectations over one of the biggest scandals of the year. Dare I say it? The 1MDB scandal!
It was promised that all the challenges faced by 1Malaysia Development Bhd would be resolved come the end of 2015, and now that we are in the first day of 2016, we hold our breaths to see what is coming.
Of course, 1MDB’s CEO Arul Kanda Kandasamy nicely called for a press conference on December 31, 2015 to reveal to the nation what they had finally settled at the end of the year.
And what they have achieved is to reduce the sovereign fund's RM45 billion debt. But wait a minute. Didn’t the prime minister say all their challenges would be resolved?
Okay, sure. They have managed to significantly reduce the loans by selling assets. However, the recent sales now raise questions about the unloading of strategic assets to foreign companies.
That’s a whole new set of challenges right there when the old set really hasn’t been addressed as promised at all. The questions that were asked still haven’t been answered.
The main one has to be the RM2.6 billion channelled into the prime minister’s personal account and he has been dead silent on this matter.
No matter how intense the pressure for him to provide an explanation, he has withheld. Yet, this is probably the best strategy because he’s still hanging on at the top, not answering to anyone.
And through it all, we’ve seen so many of its consequences, like the reshuffling of the Cabinet for example. Even the deputy prime minister was removed for being critical of the scandal.
The attorney-general was also removed and replaced, and numerous Malaysian Anti-Corruption Commission (MACC) staff have been transferred here and there.
And don’t forget the suspension of The Edge weekly newspaper for constantly running articles that brought attention to the scandal and asking the tough questions.
Individuals who were committed to putting pressure on the scandal were not spared. Some were detained for investigations (along with even their lawyers!) while others were questioned.
Threats of legal action to be taken against international news organisations, apparently because they are spreading false information, have also been empty, and this makes people wonder.
So obviously a lot of 1MDB's challenges have yet to be addressed as 2016 begins. But I guess what the challenges are depends on which side of the fence you are on.
The fact that some people on one side of the fence consider it resolved now that the bulk of its debt has been cleared off the books seems to mean that they want it to be forgotten.
Then there are also those on the other side of the fence who don’t want everything forgotten once the debt is settled. They want questions answered, and explanations.
So now it’s 2016. MACC has just handed over an investigation paper on the RM2.6 billion to the (new) attorney-general. Let’s wait and see. - TMI