Sunday, January 17, 2016

This is not good, not good at all .... for us.

Malaysia’s faltering economy, hit by claims of “rife corruption” at the government level, is a sign that foreign investors should steer clear, a financial adviser says today.
In an article on the website of Nasdaq, the electronic US stock exchange, Peter Kohli said previous positive news regarding the Malaysian economy had been affected by allegations of corruption at the government level. 
“Malaysia’s economy is not firing on all cylinders,” he said, noting news reports in November that industrial output had slipped."
“I have written previously about Malaysia becoming a manufacturing hub for companies like Hyundai, but that positive news has been tempered with allegations of rife corruption in the government.”
Kohli, who is CEO of DMS Funds, said news of a RM2.6 billion political donation transferred into Prime Minister Datuk Seri Najib Razak’s personal accounts in particular have not helped investors’ confidence.
Other factors making Malaysia unattractive were the ringgit’s position as the worst performing Asian currency against the US dollar in 2015, and the slump in world oil prices. 
“I wish I had better news, but as long as the economy keeps contracting, foreign retail investors should stay clear. Look to Malaysia’s southern neighbour, the Philippines, as a better bet,” he said in the article.
Najib, who denies any wrongdoing, recently announced an impending revision to Budget 2016 in light of the country’s falling revenue from lower oil prices and uncertainties in the global economy.
The prime minister said the national budget needed to be “more realistic” and in line with the current economic situation, adding that outside factors beyond Malaysia’s control had influenced the economy, not the mistakes or weaknesses of the country.
Najib has been under fire over allegations of corruption and financial mismanagement related to his brainchild, state-owned investment firm 1Malaysia Development Bhd (1MDB), which had racked up debts of more than RM45 billion.
Elsewhere, a Bloomberg article quoting government estimates said Malaysia as Asia’s only major net oil exporter risked losing RM300 million for every US$1 per barrel drop.
The ringgit, Asia’s worst performing currency in 2015, slumped 19% last year and reached a 17-year low of 4.48 a dollar in September. – January 16, 2016.
[Source: The MI]

Saturday, January 16, 2016

Woe unto us!

IT'S DEPRESSION NOT RECESSION WE ARE LOOKING AT.  WHAT HAVE WE GOT TO SAVE US, ONLY PALM OIL AND THAT TOO IS IN THE DOLDRUMS.  OIL IS NO MORE THE SAVING GRACE.

It is not a recession that we are in, we are headed for another depression and that is even worse, and to compound that Malaysia is in more difficulties than it has ever been, with those in power lavishly enriching still themselves.

Now the twenty dollar mark for the price of oil looks a real possibility and this careless government has plundered all the resources instead of saving for the rainy day.

I remember back in the early eighties or late seventies Kit Siang asking the government to be more prudent with its oil reserves, he warned that the then wells would run dry within 15 years, but alas these fellows kept pumping and using the money on wasteful projects they thought the price would keep spiraling with the times.

Now with auto makers stepping up the fuel efficient cars and even electric hybrids the demands are going to fall even further in the next ten years petrol will be no big deal at all.

Mahathir almost single single handedly destroyed our Agricultural base with assembly plant type manufacturing that added no value to our industries, today those cheap labour sweatshops that we used to work in have all gone to cheaper markets and they are never coming back.

Robotics is the order of the day, you can manufacture in the US at even a cheaper rate than you can here even if the cost of labour is US$0.20 per hour that is how it is, we have lost our competitive advantage,

We sacrificed our education system no thanks to the clown in UMNOI who held the position and engineered it, we are not a nation of inventors and innovators we are not even copy-cats we are starring destruction right into our faces.

But then we are Malaysians given the right governance we can strike back, we can fight back and we can win, but to do that we have to cast the present day government into the dustbins of history.  We have to do what is necessary as citizens of this country come GE14.  If we don't, our children and our children's children will never forgive us.

 It is already telling prices are sky rocketing, Najib is forced to re-look his budget, my bet is his departments budget will still be high, he will instead cut on education and health the budget of an idiot from an idiot.

Friday, January 8, 2016

"WORLD FOOTBALL RANKINGS." WHAT A SHAME.

INDIA 10 SPOTS AHEAD OF MALAYSIA IN WORLD FOOTBALL RANKINGS?
TIMOR LESTE AHEAD OF US?
COOK ISLANDS AHEAD OF US?...
 

WE NEED TO COOK SOME PEOPLE IN FAM.

Check out the FIFA world ranking here.

Monday, January 4, 2016

Obama's economics?

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, "OK, we will have an experiment in this class on Obama's plan".. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

The second test average was a D! No one was happy.

When the 3rd test rolled around, the average was an F.

As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Could not be any simpler than that. (Please pass this on) These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

Above sounds familiar?

Saturday, January 2, 2016

NEW YEAR MESSAGE FROM PRESIDENT OF CHINA, XI JINPING.


Comrades, friends, ladies and gentlemen,
In a few hours’ time, the bell of the New Year will be ringing. We’ll say goodbye to the year of 2015 and greet the first ray of sun light from 2016. At this occasion of bidding farewell to the old year and welcoming the new, I would like to express my best New Year wishes to Chinese people from all ethnic groups, to our compatriots from Hong Kong and Macao Special Administrative Regions, to our compatriots from Taiwan region and overseas, as well as to friends from all countries and regions around the world!

Fruitful gains come with persistent efforts. In the year of 2015, Chinese people have made great efforts in building their nation and have achieved enormously. Our economic growth remained at the forefront of the world, our reforms intensified comprehensively, the reforms on judicial system deepened, the “three stricts” and “three steadies” carried out in earnest, and the fight against corruption advanced solidly. Thanks to the great efforts of all Chinese people, the 12th 5-year plan from 2010 to 2015 successfully came to an end, which made the people in this country feel a heightened sense of gains.

In the year of 2015, we solemnly commemorated the 70th anniversary of the victory of Chinese people’s War of Resistance against Japanese Aggression and the World Anti-Fascist War, with a grand military-parade, showing the truth that justice will prevail, peace will prevail, and people will prevail. We comprehensively implemented the strategy of reforming and strengthening the army, and decided to cut military personnel by 300-thousand. The meeting between myself and Mr. Ma Ying-jeou in Singapore made the handshake between the top leaders of the mainland and Taiwan a reality after a lapse of 66 years. The handshake demonstrated that the peaceful development of cross-straits relationship is the common aspiration of the people on both sides of the Taiwan Straits.
In the year of 2015, Beijing won the bid for hosting the 24th Winter Olympic Games, Chinese currency Renminbi was approved by the IMF to be a global reserve currency in the Special Drawing Right basket, our self-developed C919 jetliner was put on production line, China’s super computer claimed top position for the 6th consecutive year, which is a world record, the satellite exploring dark matter, developed by our scientists, was launched into space successfully, Tu Youyou became our first Chinese scientist winning a Nobel Prize … All those facts have illustrated that dreams will eventually come true with determined perseverance.

In the year of 2015, we’ve not only experienced cheerful occasions but have also gone through sorrows. Many of our compatriots lost their lives in tragic incidents like the “Eastern Star” cruise ship wreck, the serious fire and blast in the port of Tianjin, and in the landslide in Shenzhen. Some of our compatriots were also brutally murdered by terrorists. Our hearts were broken by those tragedies. May the deceased rest in peace and the living remain safe and sound! There are still many difficulties and hardships in people’s daily lives. The Communist Party of China and the Chinese government will continue the efforts to ensure that the safety of people’s lives and properties are protected, and people’s rights to improved livelihood and physical health are guaranteed.

Comrades, friends, ladies and gentlemen;
2016 marks the beginning of the decisive phase in the national effort to build China into a comprehensive moderately prosperous society. The fifth plenum of the 18th Congress of the Communist Party of China has identified clearly the direction of development over the next five years. The prospects are encouraging. However, happiness will not just fall from heaven, we must empower ourselves with strong faith and confidence, continue to work hard, to seek innovative, coordinated and green development that is also open and shared by all. We will further advance structural reforms, continue the reform and opening up process, promote social fairness and justice, build a clean and healthy political environment, and lay a solid foundation for the decisive stage in building China into a moderately prosperous society.

To build China into a comprehensive moderately prosperous society, we need the effort of all the 1.3 billion people in this country. It remains a moral and emotional obligation for me to get the tens of millions of rural population out of poverty and to let them lead a decent life. Now the party and the nation have been mobilized to make concerted effort for the victory of the decisive battle over poverty. To all those still live in difficulty, we will let them know that we do care, and we will let them feel the warmth of heart, from ours to theirs.

Comrades, friends, ladies and gentlemen;
We have only one earth, this is the homeland of all peoples in the world. In the past year, Chinese leaders have participated in quite a few international conferences, and conducted numerous diplomatic activities for the well being of our common home. Our efforts to promote the “One belt, One road” initiative have achieved tangible results. We have participated in the discussion of the UN 2030 Agenda on Sustainable Development, as well as a series of world affairs concerning global climate change. The world is too big, and challenges are too many, to go without the voice from China being heard, without solution ideas from China being shared, without the involvement of China being needed. To those suffering from hardships and wars, we not only express our sympathy and solidarity, but will also take duty bound actions to provide help. China will, as always, open its arms to embrace the world, and offer its helping hands to those in need. Our circle of friends will grow bigger.

I sincerely hope that the international community will make concerted effort to make peace, relate to each other in cooperation rather than confrontation; beat swords into plowshares and to build a community of common destiny of all mankind.

Thank you.

The economic invasion of China

Will Malaysia soon be renamed as "Chima", a satellite state of China?

First, we have the Chinese tourists from the mainland coming in droves for the past twenty years spending their renminbi on us. Then, came the selling off of chunk of shares to China in the form of JV in the EDRA power plants, Bandar Malaysia, the commercial port in Malacca and the high speed rail from KL to Singapore projects, each one going into the billions of ringgit.

At the rate things are going, it will not be surprising if someone come out with a cockamamie suggestion to renamed our country as "Chima" (a combination of China and Malaysia), or Cantonese for sesame seeds.

Then, we will have roads with names such as :
Jalan Xi JinPing.
Jalan Mao TseTung
Jalan Deng XioPing.
Jalan Zhou EnLai
Jalan Hu JinTao
Jalan Li Peng
Jalan Jiang Zemin
PutraJaya will be renamed the Great Hall of the People.

Unlikely?  Maybe but one can never know the way things are going on in PutraJaya.  Food for thought, though