How to revive 1MDB if banks are giving up on it?

YOURSAY | ‘As long as the PM continues to be finance minister, banks want no part in it.’

Troubled 1MDB drags down partners as banks refuse financing support

Cogito Ergo Sum: Guilty by association seems to be an apt description that 1MDB partners are facing.

If banks are refusing to finance the projects undertaken, then they must know something which our finance minister does not know. It also means that the public relations exercise and propaganda have failed where it is most needed - the money market.

And if this situation continues, development and progress will be hindered by the very body formed to promote these two elements fundamental for being a competitive nation. Quo vadis Malaysia?

Anonymous 2336891439170985: The banks are not fools. As long as the PM continues to be the finance minister, they want no part in it.

International bankers are well-informed people. Unlike the local species, you cannot cajole them into doing something they abhor.

Mushiro: Transferring 1MDB's assets and subsidiaries, including the Tun Razak Xchange (TRX) and Bandar Malaysia, back to the Finance Ministry is just another bailout.

This is another burden to Malaysian taxpayers. It is now confirmed that 1MDB, which is the brainchild of Najib, is a catastrophic failure.

Tali Gantung: Deputy Finance Minister Johari Abdul Ghani should by now know that banks all over the world, and particularly in Malaysia, are extremely careful when they want to have any dealings with 1MDB-related developments.

Money for the banks does not fall from the sky. The situation is so bad that the banks have realised that they may go bankrupt if they gave a hand to 1MDB.

SusahKes: Banks are refusing to finance 1MDB? Well, I thought Najib had concluded that it was the opposition that resulted in these lenders having little confidence in the entity?

You mean to imply that funders cannot distinguish between a bad business model and "mere tall-tales" spewed by a naughty, misbehaving opposition?

Then maybe you should instruct the immigration to bar these bankers from leaving/coming to Malaysia; it appears that, they too are giving Malaysia a bad name.

By the way, Johari, if 1MDB really has trouble in getting banks to lend, do not worry. There are entities/individuals who are more than willing to provide ready sources of funding, especially for those who have difficult credit histories, or have been blacklisted, or rejected by the banks. Try them.

Just one reminder - get the painting crew ready, if and when red paint begins to fly.

Victor Johan: Prime Minister cum Finance Minister Najib Razak, first you tell us to "Menanti hari esok". Then after much time, you say, "Esok masih ada".

Now, after more time has lapsed, we tell you, "Tiada esok bagi mu".

Don't be stubborn, accept offer on K Kangsar, Perak DAP tells PAS

Quigonbond: Amanah is being very silly. If you contest in three-cornered fights, Umno will win by default. Why not let PAS live or die by these two by-election campaigns?

If PAS wins, then Malaysians see a real chance for beating BN in GE14, and by herd mentality, they will vote for the opposition.

Since Harapan and PAS are no longer in the same coalition, it cannot be said that they need to have a harmonised agenda. PAS can stick to its hudud agenda, and its supporters are free to vote for them, but it will galvanise the moderate Malaysians to overwhelmingly vote for Harapan.

PAS may put on a brave front now that the by-elections are for Umno to lose. I think that's just hot air. PAS, despite 1MDB, will become irrelevant if they cannot beat Umno. The by-elections are for them to lose.

Chances are without Harapan support, they will lose to Umno, and then Malaysians can generally write them off and focus on Harapan for GE14.

Rick Teo: If you allow PAS to contest in Kuala Kangsar, who do you think the Chinese will vote for? Given this stark choice, the Chinese will rather vote BN because there is no way the Chinese will vote for PAS.

Without Chinese votes, PAS will not be able to win, especially with just the Malay votes. It’s the more reason why Amanah should stand in both areas.

The Analyser: It does look rather like the racial composition of both these electorates is close to the national average. So much so that the result should be a reasonably close representation of how the whole country might vote.

So, why can't we see all parties stand and we will get a real measure of what Malaysia thinks (Apparently the Sarawak measure of how Malaysia thinks was unacceptable to some people).

Let me make my prediction. BN will win handsomely with probably an increase in votes. PAS will lose out badly because they have failed to factor the Anwar Effect into their inflated ego.

DAP's vote will be well below the theoretical expected on the basis of population, because even the Chinese will start to get disillusioned by their awful approach to politics.

PKR's vote will also be abysmally awful because previous PKR voters will be so disillusioned. And Amanah will lose their deposit.Swipenter: In reality, PAS is already sleeping with Umno. Come GE14, the unholy alliance between the two will be formalised and would probably also see the break-up of PKR (and ultimately Harapan) as PKR under Azmin Ali cannot fully be trusted.

It would be a three-cornered fight for these two by-elections. Only when Umno self-implodes due to greed and corruption, would Malaysia has a chance to be born again but then again it may be too late because its destruction could be hard to repair, with its situation akin to Greece, Venezuela or even Mozambique. -Mkini