Category Archives: Uncategorized

THE HEDGE FUNDS

1. One commenter on my blog does not think the hedge funds are doing anything wrong. That depends on what one considers to be wrong.

2. Hedge funds works on borrowed money. That is quite normal and acceptable. But they borrow anything up to thirty times the funds held by them. Ordinary investors cannot do this.

3. Investors therefore have to invest in hedge funds in order to take advantage of the borrowing capacity of the funds.

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GAZA – PGPO/VIVA PALESTINA AID CONVOY


1. The Perdana Global Peace Organiation‘s team of five which drove an ambulance and three trucks across Europe to Gaza returned yesterday. It was a truly Malaysian team with a Chinese Malaysian, an Indian Malaysian and three Malays. They went through some tough times, having to sleep in the open in cold winter weather, no facilities for washing or bathing, no toilets.

2. With them went a Bernama team of four made up of three girl reporters and a cameraman. They too went through harrowing experiences. The journey from United Kingdom to Gaza took a month. The convoy carrying food medicine and construction materials was made up of more than 200 vehicles with nationals from seventeen countries driving.

3. I cannot describe their journey adequately. Perhaps they should give talks where they would be more free to give a full account.

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THE ROYAL COMMISSION

1. The Government has announced that it will not set up a Royal Commission to investigate my losing 100 billion Ringgit of Government money and what happened to the RM270 billion received by the previous Government from Petronas.

2. Now I cannot clear my name nor can Abdullah clear his name. Barry Wain must be very happy. He can go on libelling everyone he likes and nothing will happen to him.

3. Yet when I repeated to the Press the judgement made by the court on Anwar’s case I got sued by Anwar for 100 million Ringgit. It is now more than three years and the case is still not settled.

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BAIL-OUTS AND BUY-OUTS

1. When the currencies of East Asia were being devalued in 1997-98 the International Monetary Fund and the World Bank offered to help with loans. However the offer was conditional.

2. The countries must open their economies to foreign capital including the buying up of their businesses by foreigners.

3. The effect of currency devaluation is to reduce the value of the countries’ business in terms of foreign (US Dollar) currency. In addition the financial crisis would make the businesses less profitable or unprofitable so that their market value in local currency would be depressed.

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KONTROVERSI KEGUNAAAN KALIMAH "ALLAH"

1. Ingin saya terangkan secara lebih terperinci pendapat saya berkenaan kegunaan kalimah “Allah” untuk agama yang bukan Islam.

2. Sebenarnya kontroversi ini bermula di waktu saya masih Perdana Menteri. Pendapat Kabinet pada masa itu ialah kegunaannya dalam kitab Injil adalah perkara yang sensitif. Perkara yang sensitif seperti ini tidak boleh diselesaikan dengan hanya merujuk kepada undang-undang.

3. Sebagai perbandingan agak mudah dirujukkan perkataan “kaum pendatang” kepada mahkamah, Tetapi ia adalah sesuatu yang sensitif yang tidak dapat diselesaikan oleh undang-undang.

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THE WEALTH OF NATIONS


1. Adam Smith wrote about the above title a long time ago (1757). He talked about invisible hands which were instrumental in growing the wealth of nations.

2. In the latest financial crisis in the United States the invisible hands certainly played a big role. It took the form of abuses of the banking, monetary and financial system.

3. Pushed out of the international market place by the cheaper and better manufactured goods of the East Asian countries the West turned towards the financial system in order to enrich themselves. The opportunities for abuses were abundant.

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THREATENING MINARETS

1. Switzerland has decided that Muslim mosques in that country would not be allowed to have minarets. It seems that minarets would overwhelm the Swiss.

2. I wonder what would happen in Malaysia if Hindu temples are not allowed to have statues, for example. I think there would be an explosion. The whole world will condemn us as being undemocratic, not respecting human rights, not upholding religious freedom etc.

3. But when the Swiss bans minarets (there are only four minarets in the whole of Switzerland) and the French ban headscarves, these are very democratic. Always double standards and unfortunately the discrimination is always against Muslims.

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AL-QURAN DAN YAYASAN RESTU

1. Yayasan Restu adalah sebuah badan bukan Kerajaan yang giat dalam pengeluaran Al-Quran yang dihias dengan lukisan bunga dan tumbuh-tumbuhan gaya Al-Quran tulisan tangan di zaman dahulu.

2. Yayasan Restu telah melatih penulis khad sehingga mereka dapat menulis dengan tangan Al-Quran dengan sepenuhnya.

3. Sekarang Yayasan Restu telah berjaya mengeluarkan Al-Quran dalam bahasa Melayu dan Inggeris yang disahkan oleh Jabatan yang bertanggungjawab dalam Kerajaan.

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