Saturday, February 2, 2013

YB Khalid Samad speaks .....

The above took place during the DAP Damansara Utama Fund Raising Dinner - January 18 2013

If history was to be a guide, then the KLSE should improve should Pakatan wins

As the 13th general elections looms, many people are wondering what the impact will be on the financial markets in Malaysia in the event of a Pakatan win. Well, there is no precedent in Malaysia. We never had a change of federal government - one of the very few countries left in the world that hasn't had a change of government.

However, we can use precedence from other countries around the region. Let's look at Indonesia. In 1998, General Suharto was overthrown after 33 years in power. At least a million people went to the streets and demanded his overthrow. The ensuing chaos led to his resignation.

The Jakarta Composite Index (JKSE) dropped to a low of 245. Five years after his downfall, the JKSE doubled, and another five years later, it reached 900 percent appreciation, and currently it stands at a record high of 1,700 percent appreciation. That means, if you had invested RM10,000 in Jakarta stocks at the height of the revolution, it would be worth RM180,000 today. Not a bad investment.

Let's look at Thailand. The Thai SET Stock Index Chart shows that the Index has reached a record 5-year high today and has been climbing consistently for the last 4 years despite the chaos in Bangkok in May 2010 and the subsequent general elections in July 2011, where the Pheu Thai Party defeated the Democrat Party of PM Abhisit.

Let's look at Taiwan. In the year 2000, Chen Shui-bian won a historic election in Taiwan, breaking the Kuomintang's 55-year monopoly on power. In 2004, the pro-Independence Chen stood for re-election. He - and his vice-presidential candidate - were shot during a re-election campaign, at the same time China amassed warships around the islands threatening to attack if the people voted for him. He won anyway.

The TSEC chart shows that the market reacted to the events but it never fails to bounce back.

Let's look at South Korea. In 1980, martial law was declared. This was followed by the Kwangju massacre. By 1997, 1 million people flood the streets to demand General Chun Doo Hwan's resignation. He eventually did. After he stepped down, President Roh-Tae-woo took over followed by another four presidents. All through this time, the markets were hitting new heights . Today the KOSPI is at a 25-year high.

So history shows us that revolutions and change of governments presents great ‘buying opportunities’ for stocks. It's good for the markets and good for investment. Stay tuned for the greatest stock buying opportunity of all time. In Malaysia.

[Contributed by: G H Kok]

Friday, February 1, 2013

Welcome to Philippine's 81st province

People should be able to place their trust in the prime minister to head the elected government; some prime ministers achieve greatness, others are best forgotten. Many are mediocre, others gain international acclaim.

The future of one Malaysian prime minister might well lie in a cell. His crime? When he was in power, he did not act in the interests of the country, but was consumed by a passion to further his own political interests. He was prepared to sell his country to foreign nationals.

Last week,
former prime minister Dr Mahathir Mohamad admitted in a press conference that he had authorised the provision of ICs to Filipinos.
The Royal Commission of Inquiry (RCI) on Sabah revealed that between 1970 and 1984, around 73,000 Filipino refugees had been allowed to settle permanently in Sabah.

Pundits claim that today, there may be around 1.75 million Filipinos.
In 2011, the opposition alleged that around three million Indonesians had been absorbed into Malaysia and given citizenship, with Bumiputera privileges and most important of all, granted full voting rights.

The Wikipedia entry for the Philippines states that there are 80 provinces which are grouped into 17 regions depending on their geographical, cultural and ethnological features.

With these allegations, Peninsular Malaysia might as well be known as the 34th province of Indonesia, and Sabah should be recognised as the 81st province of the Philippines.

Mahathir tried to deflect criticism from his “Project IC” by making unfair comparisons with the granting of citizenship to Malayans by Tunku Abdul Rahman. When he was stung by the criticisms of sullying the name of the Father of Independence, Mahathir tried to backpedal, but the damage was already done.

Malaysians don’t really care about Mahathir’s racial origins, his ethnicity or his religious conviction. They do mind his deception and the manner in which he helped propel the Ketuanan Melayu myth to the detriment of all races and religions in Malaysia.

He championed the Malays above everyone else, but left out other Malaysian-born citizens, and tagged them with the “pendatang” label.
His adherence to his Malay bloodline, whilst ignoring his equally noble Indian ancestry, is what has probably made many people despise the Indian Muslims, through no fault of their own. Many disparaging remarks which appear to be directed at all mamaks, are in reality directed solely at Mahathir.

Private kitty

Mahathir used the ISA and Operasi Lalang to silence his critics.
He created heavy industries and installed his own cronies in these ventures.
He treated the Treasury like his own private kitty, bailed out favoured people, and thought nothing of losses being borne by the taxpayers.
He brainwashed Malaysians, especially the Malays, into accepting a two-tiered society.

Mahathir asked us to “Look East” because of his personal spat with the West, but unbeknown to us, he did a private deal with Margaret Thatcher in the Pergau Dam scandal.

It is laughable that anyone should think the British will come and rescue Malaysia, like the cavalry charge in the cowboy movies.

British Prime Minister David Cameron and his government are more interested in flogging their old weaponry to Malaysia, saving their firms in an economically stagnant Europe and rejuvenate their flagging property market with Malaysian EPF money.

During Tony Blair’s time, the Serious Fraud Office (SFO) was told to halt its investigations into the BAE arms sale to Saudi Arabia. Allegations of kickbacks to a Saudi prince proved embarrassing and Blair claimed that he was acting in the “national interest”. Will Cameron be any different?

Recently, some professionals revealed that in their student days,
they were not awarded scholarships or loans for further studies because
they did not show allegiance to Umno, or that their parents were not pious Umno Muslims.

These are revelations from Malays who did not have the right connections but were able to scrape up just enough money to pay for their own education. Anyone who thinks Umno helps all Malays is deluded.
Umno only assists Umno Malays.

The Sabah RCI has revealed that Umno is not concerned about illegal immigration.

It places more value on being in power. Mahathir and Umno were prepared to sacrifice the harmony of the Sabah people and manipulate its history.
What happened in Sabah will probably be proven to hold true for Sarawak and Peninsular Malaysia.

Will Najib Tun Razak hold similar RCIs for them?

When the RM17.7 billion Iskandar Malaysia project was launched in Johor in 2006, a visibly angry Mahathir said: “After the land is sold, the Malays will be driven to live at the edge of the forest and even in the forest itself. In the end, the area in Iskandar Malaysia will be filled with Singaporeans and populated with only 15 percent Malays.”

Real justice

These words have now come to haunt Mahathir as the RCI has exposed his treachery; but Malaysians have to ask themselves what sort of a country they want to live in.

Last week, Mahathir tried to justify his action of granting MyKads to foreigners by saying, “Malaysia accepts foreigners to become citizens provided that they meet certain conditions.”

Try telling that to the hundreds of thousands of Malaysians who live overseas. Families are torn apart because of unfair practices promulgated by Mahathir’s Bumiputera only policies. These people were shunned despite being Malaysians who were born and brought up in Malaysia. They were treated shabbily. In the end,
Malaysia lost a valuable resource.

Mahathir also said of the Project IC Filipinos, “Many of them in Sabah were not there for a day or two, but 20 or 30 years and can speak Malay. They have the right to be citizens.”

Again, tell that to the thousands of Malaysians who are forced to live outside Malaysia, because their foreign-born spouses are considered persona-non-grata, despite being highly skilled and able to speak Malay.

As usual, none of this applies to the very rich or the very poor. People with money are welcome provided their wallets are always open. The very poor are welcome provided they vote for Umno.

Mahathir’s lust for political power has left a humanitarian crisis in Sabah, and we are left to clear up the mess.

Najib should ensure that the Sabah RCI is not another whitewash like the Teoh Beng Hock RCI.

He should prove that he is a firm leader by bringing Mahathir to justice.

Real justice, not the sham justice which we have come to associate with
the Malaysian courts.
[Writer: Mariam Mokhtar]

Wednesday, January 30, 2013

Illegal immigrants, you are hereby put on notice

The following is a message from flyer to be distributed by ABU [Anything But UMNO] to all immigrants in this country, not to vote in the coming GE, should their identity as a Malaysian citizen be known to be one of a dubious nature.

The message in four languages, Bahasa Indonesia, Urdu, Burmese and Bengali, are derived from the English version as :

A Message From The People of Malaysia to the ............
You came here to find money for your families at home, because your country’s economy was being destroyed by corrupt dictators.

Today, our economy, too, is on the brink of collapse after more than 50 years of corrupt rule by the UMNO / Barisan Nasional government.

Today, the rakyat of Malaysia have declared war on the UMNO / BN government and are determined to vote in a new government at the 13th general election.

Many of you have been given citizenship of Malaysia and /or Malaysian identity cards by the corrupt UMNO /BN government on condition that you vote for the UMNO / BN at the next general election.

If you exercise that vote for UMNO / BN, we will regard that as your aligning with the corrupt UMNO / BN to cheat the people of Malaysia.

Understand now that the people of Malaysia are no longer prepared to be cheated by UMNO / BN or anyone who chooses to align with UMNO / BN.

Know that on polling day, Malaysians will patrol all polling stations determined to do anything and everything to prevent any kind of cheating.

This is a warning to you that if you show up at polling stations on polling day during the 13th general election, be prepared to face the wrath of the people of Malaysia.
Stay away from the 13th general elections.

Alternatively, you could visit the website here to download the ABU Message to Foreigners flyer.
ABU is printing thousands of these to distribute to the foreigners in the localities that they have identified as having a high presence of these foreigners with Mykads and registered on the electoral roll.

You could do your part by downloading the ABU Message to Foreigners, printing hundreds of copies and distributing the same to every foreigner you encounter before the 13th GE.
You will agree, I hope, that this would be better than hoping for Najib to clean up the electoral rolls or just sitting in the coffee shops and pubs and bitching about how we are going to be cheated at the 13th GE.

If you can, you can do your bit by printing out copies of the flyer and have them distributed to known foreigners in your area

Sunday, January 27, 2013

Treason, Treason, Treason

For those who were and are still involved in the illegal immigrant issue in Sabah, watch the following scene and repent before it is too late.  Please fast forward the time meter to 5:10 minutes.  This is the ending scene from the film "Where Eagles Dare' which starred Richard Burton and Clint Eastwood.

Our Sunday Girl - CHICCHI

Back in the 60s, there was this trend where it was common for boys to form their own rock bands due to the influence of pop music at that time.  These bands would go on to emulate their favourite instrumental group they best they could and then proceed to appear in band competitions across the country.  Music by groups such as The Shadows, The Ventures, The Jumping Jewels and The Fentones were the favourites and many of us could play their tunes note for note without having to go for proper music classes.  But out of these many groups, The Shadows and The Ventures stood out and we guys have to decide which of the two would be the mainstay in our repertoire.  My group, The Larrikins, decided on The Shadows.  In between, we played some Ventures' numbers just to please some in the crowd who were Ventures fans.

The Larrikins performing at the Mak Yee Restaurant, BB Park.  That's me on the right, and I was only 16 already trying to earn my keeps.
So, what has all these got to do with our Sunday girl, Chicchi?  For one, she is Japanese and secondly, she is only 13 years old and is a hard core Ventures fan.  She started performing playing Ventures music at the age of 8 and have gone on to make a name for herself.  She became so well known that Nokie Edwards, a member of The Ventures, flew to Japan to present to her a Mosrite guitar, the type used by The Ventures themselves.  One thing for sure, she is cute and adorable

Her fans have uploaded many videos of her performances but I am only going to select four for your viewing pleasure.  Enjoy .....

Chicchi playing "The Cruel Sea" with band, The Hotstyle.

Chicchi meeting members of The Ventures [still photos]

Chicchi [centre] with her [all girl] band, Strawberry Paefait.
Playing "Walk Don't Run" with Nokie Edwards
This is a good example of how music can transcend nationality, gender and age. It fuses people together.  American pop music of the 60s, played by a Japanese girl born in the new millennium.  It is really hard to imagine that when we were playing these numbers, Chicchi and her friends were only to be born about 40 years later to continue with the Ventures musical legacy.