1. Saya tidak tahu samada benar atau tidak cabaran yang dilontarkan oleh DYMM Sutan Johor terhadap saya berkenaan pembangunan JB. 2. Mungkin hanya akhbar The Star yang mentafsirkan apa yang dititah DYMM Tuanku sebagai melontarkan cabaran terhadap saya. 3. Tetapi selagi DYMM Tuanku tidak menafikan mencabar saya, saya akan anggap laporan The Star sebagai benar.
1. I don’t know if it is true about HRH The Sultan of Johore is throwing a challenge to me over the development of J.B. 2. Maybe it is only The Star which is interpreting what HRH says as a challenge to me. 3. But unless HRH denies he is challenging me, I will take … Continue reading J.B. DEVELOPMENT
1. It is reported that 1MDB would reduce between RM16 bil to RM18 bil of its debts after selling “Edra”. 2. I am trying to work out how the savings are achieved. 3. 1MDB bought the power plants together with debts of RM6 bil for RM 18 billion Ringgit. CGN pays RM 9.83 billion for … Continue reading 1MDB EXITS POWER BUSINESS
1. Wednesday’s (November 4, 2015) paper reports that we are not facing a financial crisis and we are not going to go into financial crisis. 2. Eight prominent people including the PM tell us everything is fine. 3. Now if everything is fine why is there a need to arrest people for sabotaging the banking … Continue reading EVERYTHING IS FINE
1. Marcellus in Shakespeare’s Hamlet remarked that “something is rotten in the state of Denmark.” Perhaps from the complaints being made by Malaysians about Malaysia one might say there is something rotten in the state of Malaysia. 2. Many of these complaints reach me. I hope I am permitted to detail them here in my … Continue reading SOMETHING ROTTEN
1. Tan Sri Ramon Navaratnam is vehement that the New Economic Policy is the cause of poor inflow of Foreign Direct Investments here. 2. One can fault the NEP for a lot of things but to blame it for the current slowdown in Foreign Direct Investments is not quite correct. 3. There are of course … Continue reading THE NEP
1. Lately we have been seeing rather rapid increases in the Kuala Lumpur Composite Index. Those who play the stock market must be feeling very happy. Much money must be made by investors from capital gains. 2. Some people believe that the rise of the KLCI is an indicator of the healthy state of the … Continue reading THE STOCK MARKET
1. The Prime Minister has announced that Malaysia should develop into a high income economy. In the past we had stressed low cost because we wanted to attract Foreign Direct Investment through low wages for our workers. That was a good strategy because we were trying to solve our high unemployment problem. 2. We were … Continue reading HIGH INCOME ECONOMY
1. One reason advanced by the advocates of letting the Ringgit to be traded abroad is that it will encourage foreign direct investment. 2. There was a time when Malaysia practically pioneered encouragement for foreign direct investment. It was even before FDI became popular with many developing countries as a shortcut to economic growth. Malaysia … Continue reading FOREIGN DIRECT INVESTMENT
1. FDI had proved useful for the creation of jobs in our country. But today things have changed. We no longer need to create low pay jobs as we no longer have the workers. These jobs go to the foreign workers. This does not benefit us much. 2. Besides the foreign investors bring in hardly … Continue reading FOREIGN DIRECT INVESTMENTS