Category Archives: Uncategorized

HIGH INCOME ECONOMY

1. The Government has announced the intention to make Malaysia a high income country. I assume this means people will receive high wages, salaries and profits.

2. But if wages and salaries are to be increased by the private sector, the cost of doing business would have to increase as well. To cover this increase, prices of products must be increased. This will mean that the consumers will have to pay higher prices for whatever they purchase. There would be, by definition, inflation.

3. The increase in prices of goods and services should cover the higher wages and salaries and the profit margins from the business. But this will not be all. The cost of transport, fuel and raw materials would all increase as these businesses will also experience increased overhead costs as they too will have to increase wages etc. So the increase in product prices must also cover these costs.

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THE FREE MARKET 2

1. When I wrote about the free market, I was not thinking of wanting to make money from the United States. It is good if we can but without the US market Malaysian palm oil is doing extremely well.

2. I just wanted to show the hypocrisy of America. We do not go around the world preaching free market, so if we are not so free as alleged, we are not being hypocritical. I had always been sceptical of ideas coming from the rich. They are all self-serving.

3. They preach and fiercely demand that all Governments stop regulating their trade. Yet they are the ones most guilty of protecting their trade.

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THE FREE MARKET

1. A long time ago when I was Prime Minister I met President Bush the father, at Boston University where he was conferring degrees for graduates. I met him in a side room and I told him of the unfair anti-palm oil campaign by America, blaming it for heart diseases.

2. We later submitted palm oil samples for three American chemical laboratories to examine the cholesterol contents. Their findings proved that although palm oil had more cholesterol than rival soya bean oil, the main edible oil in America, cooking reduced palm oil cholesterol but increased the cholesterol in soya bean oil.

3. The campaign against palm oil stopped but Americans still refused to use palm oil for cooking to this day. It was a case of non-tariff barrier. But that is the way America deals with competitions.

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SUNAT DAN WAJIB


1. Sejak kecil lagi saya diajar tentang perbezaan antara sunat dan wajib dalam Islam.

2. Yang sunat saya diberitahu jika dibuat berpahala tetapi tidak dibuat tidak berdosa. Sebaliknya yang wajib perlu dibuat jika tidak akan berdosa.

3. Sudah tentu awal-awal lagi saya diberitahu sembahyang lima waktu itu wajib. Tetapi kelonggaran diberi jika tidak sihat, jika dalam perjalanan, dalam kecemasan.

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INTERNET GUARANTEE

1. When we appointed an International Advisory Panel of prominent IT personalities from around the world, we gave a guarantee that Malaysia would not censor the Internet.

2. We thought at that time that even if we wanted to, we couldn’t. The technology was not available for us to do this. And so Malaysiakini and other sites flourished.

3. Now that I have retired I feel glad that we made the decision not to censor. I have benefited much from the blogs as have very many bloggers. There may be a few who have abused this blogging privilege but by and large it has served the public well. The mainstream media in Malaysia need no censoring as they censor themselves. So the blogs can report what really happens. It can be the alternative source of news. And there is a need for this other source for the mainstream media will always be guarding their behind.

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KHAZANAH…

UPDATE Thursday July 15, 2010 ** It has been brought to my attention by Khazanah Nasional Managing Director Tan Sri Azman Mokhtar that Khazanah Nasional does not own any shares in Sime Darby Berhad and that reports of its intention to buy into Aman Resorts remains speculative **

1. Fresh from losing three billion ringgit via its majority owned firm Sime Darby, I hear that Khazanah is buying or going to buy “Aman Resorts”.

2. These are six star resorts in Bali, Phuket and other exotic places. I don’t know how profitable they are but I do know that hotels and resorts are not easy to manage, even less easy to make profits. It is the management companies which make the profits because profitable or not they get their cut of the takings.

3. I am sure Khazanah is well aware of this. Perhaps it is also aware that its investments in fishing had failed. The boats, the nets and other fishing paraphernalia are now dumped in the Langkawi Boustead boatyard. I am told they are for sale.

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TONY BLAIR 2

1. British papers headlined “Blair’s battle with law chief over Iraq“. Tony Blair was told the Iraq war was illegal by Attorney-General (Lord Goldsmith) the day before he (Blair) gave George Bush the go-ahead for invasion.

2. Blair’s fury at the repeated warnings from Lord Goldsmith was laid bare as secret memos were published by the Chilcot Inquiry on the British involvement in the Iraq war after the memos were declassified by the Government.

3. On the memo by Lord Goldsmith, the Attorney-General, Blair scribbled, “I just don’t understand this”. The memo was published in British newspapers.

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TATARSTAN

1. Akhirnya sampai juga saya ke Tatarstan, negeri orang Tartar yang pada satu masa dahulu hampir tawan Moscow. Sekarang Tatarstan adalah sebuah negeri autonomi dalam Persekutuan Rusia. Seperti juga dengan negeri-negeri Melayu yang dilindungi oleh British dahulu, Rusia menguasai perkara-perkara hubungan luar dah pertahanan. Bezanya Tatarstan telah ditawan oleh Rusia semasa Czar Ivan the Terrible dalam abad ke-16.

2. Orang Tartar telah terima Islam pada abad ke-9 Masehi, iaitu 200 tahun selepas Nabi wafat.

3. Ivan the Terrible, Czar Rusia telah musnahkan semua masjid dan cuba mengembang agama Kristian Orthodox. Tetapi Catherine the Great telah benarkan Islam dianuti oleh rakyat Rusia yang Islam. Kemudian di zaman Komunis agama tidak dibenarkan sama sekali dan selama 70 tahun orang Tatarstan dilahirkan tanpa agama, dan tidak Islam.

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INVENTORS AND INNOVATORS

1. The Government has been urging Malaysians to do research and development and to be innovative. The response may not be overwhelming but quite a number have tried. They usually find no one to finance them in the development of their original and innovative ideas. And many gave up.

2. Others scrape some money to pay for their research and many lost the few Ringgits that they have not because their ideas are bad but because they do not have enough money to complete their research and development.

3. But a few succeeded and came up with functional products. But will they really work? They need to test out on a reasonable scale. For this they need more money. But no one would put up money on something that is uncertain.

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