Sunday, October 04, 2015

Deepak's Tamil movie sequel to come

It started with Tun Dr Mahathir's acting out sympathy for a confessed murderer, Sirul.

That didn't catch on because there is no new story. As The Mole reported here, it needs new story to attract attention and keep a propaganda going till it etches into the public psyche.

Then came the Al Jazeera documentary with trumped up accusation of Abdul Razak Baginda as the murderer. Story shifted from Rosmah to Razak now.

A confirmed giver of bribe claimed to be the middleman between Dato Najib and Sirul. On a cheap Nokia-like handphone, it makes no sense for Najib to offer RM15 million to a convicted murderer whose more worried for his life than making lots of money. All this done on SMS?

Sirul, that came from a humble and kampong background, suddenly got a relative in Australia talking in Australian accent and with a name Frank. Laughable ...

However, it is not over. The wayang is far from over. There is a Tamil movie sequel version.

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Friday, October 02, 2015

Too much propaganda

When an answer to an enquiry is not accepted or disputed, the onus is on the enquirer to open his or her hand and divulge the proofs.

For seven months and approaching eight, Tun Dr Mahathir has been making his allegations in the form of answer-seeking questions. His response to the answers is to doubt it, and change goalposts with new enquiries arising from the answers.

By right, he is supposed to divulge his proofs. When that failed, then one resigned to God's judgement as RPK wrote here to correct Ummi Hafilda,

If Tun M has all the proofs as one officer bearer of Perkasa and a pentaksub claimed, why is he not divulging his proofs with the next Parliament seating around the corner?

The pentaksub claimed some 8 government and intelligent-related agencies cc-ed a report on 1MDB to Tun M.

Click Here to Read More..

Thursday, October 01, 2015

Zeti said nothing, did nothing and view nothing

Something forgotten in the previous posting. Tan Sri Zeti Akhtar Aziz did say there will be no pegging. She said the same thing yesterday.

Zeti also said at a conference that Malaysia is not the weakest link in Asia, thus disputing Dato Nazir Abdul Razak's prophet of doom claim Malaysia's bond will turn into junk. Nazir was merely sabotaging the 30-year bond issue which he chicken out from. And, doing the same tantrum after demand for Minister of Finance position rejected. 

Extracting from NST below:
Malaysia is vulnerable given the weaker global growth outlook but it has a diversified economy which will enable it to weather the uncertainties said Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz.

But it is not a weak link in the region.

She dismissed a suggestion that neighbouring countries viewed the current weakness in the ringgit and placed Malaysia as the weak link in the region, raising the risk of a contagion (similar to the baht weakness before the Asian Financial Crisis).
TMI chose to highlight the Bond Market. Extract below:
Malaysia's bond market will not collapse as local funds will step in to fill the void and invest in the market, assures Bank Negara Malaysia (BNM) Governor Tan Sri Zeti Akhtar Aziz, amid concerns over the weakening ringgit and economic slowdown. 
Hmmm ... is that an answer? So was her comment on Ringgit.

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Wednesday, September 30, 2015

Did Zeti intentionally allow Ringgit to fall sharply?

The above is the latest monthly chart.

Yes, it is just off the new high of 4.48. But that is not the point at all.

Ever since Tan Sri Zeti shrugged off her responsibility as Manager of the National Reserve and her role as Central Banker to manage and monitor the Ringgit to pass the buck to government by meddling in politics to ask politicians to end political perpetal quarrel and MoF to sort out 1MDB on September 20th., Ringgit has continued to decline unabated.

Prior to her statement, ringgit had plateau off and strengthen back to 4.20 level. The simple analysis shows she intentionally pushed Ringgit to fall further.

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Tuesday, September 29, 2015

Communicating under crisis, managing reputation

Dato Salleh Said Keruak only sent Deputy?

It's not our field of expertise but just sharing some interesting thoughts. 

Once in a while, it is great to attend conference, or seminar or forum to refresh and update oneself. Thanks to an inivitation from Wanita UMNO, we got ourself a spot at the World Communication Forum Kuala Lumpur.

The Kuala Lumpur Conference is organised in conjunction with the WCF Davos. It was held at the PWTC. So we've earned our keeps for the free meals, few songs by Siti Nurhaliza last night and most importantly the knowledge.

As the conference theme reads "Communication World: Challenges, Changes, Chances."

And, we saw an idea we had during the Dotcom boom in the 90s, but we've said to "forget about it", is now happening. A chap sold off his developed product for US$2 billion before commercialisation!

Anyway that was not the reason we went to WCF but to pick up few pointers on the latest in the specific areas of crisis communication and managing reputation.

Click Here to Read More..

Sunday, September 27, 2015

Who after Najib?

Has Tun M found the heir apparent for Malaysia?

It is a Sunday. Not the best day to talk politics. Time for family, leisure and errands.

Those going balik kampong for Hari Raya Haji and school holidays will be streaming back to their respective homes. The highway will be packed and traffic will be slow.

Hmmm ... why not as it provide something to read on the smartphone. More so, there are something interesting in Tun Dr Mahathir's latest posting here 2 days ago.

One particularly, Tun M seemed to have reached a phase of repeating himself. According to Joseph Goebbel, repeating is an integral part of propaganda. But then, there will be those especially the Kelab Che Det-type that will vehemently oppose such description.

1MDB thinks otherwise. They regret that "Mahathir easily forget". He "continues to reuse and recycle stale and unproven allegations, which have repeatedly been proven wrong." It is convenient to forget because according to a World War II propaganda manual, it is to address to "the least intelligent".

Roosevelt used to say, "Repetition does not transform a lie into a truth."

Click Here to Read More..

Friday, September 25, 2015

Getting more and more absurd

As October draws near and next Parliament seating gets closer, more and more absurd news and slanderous accusations are surfacing to psyche the public and gullible MPs for a vote of no confidence against Dato Najib.

Najib should tell off Dato Pendikar Amin Mulia and bite the bullet. If he goes down, it is better now than later. Let the emotive orang UMNO go through the repercussion of losing power. Should he survive, he could buy time and work on his turnaround plan.  

The absurdity is looking to be very reformasi style. Dato Khairuddin Hassan will soon make claim of arsenic poisoning and HIV virus injection. There is also the drama leading to his arrest and re-arrest.

Not forgetting, Xavier Justo's confession mentioned Clare Rewcastle and Dato Tong Kooi Ong wanted the stolen data fast to do a number on the ringgit, government and Najib. Since Clare was reported saying she could get other info from Tun Dr Mahathir, what does that mean? 

Not only Hitler said the above, his Propaganda Minister, Joseph Goebbel had a famous quote: "If you tell a lie big enough and keep repeating, people will eventually come to believe it."

This fight is about power and truth does not matter. As was said, "Fact does not matter, (so-called) principle matter".

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Thursday, September 24, 2015


In two separate world
But, it's no sacrifice
No sacrifice
It's no sacrifice, at all

No sacrifice, at all
No sacrifice, at all
No sacrifice, at all
No sacrifice, at all

Rest of lyric here.
While walking down the stairs of the federal court, one of the defense lawyer was grumbling, "I'm not being a sore loser. Or sour grape ...

"The appeal court may have got their facts screwed up but their argument quite  fair and acceptable. But this ... the judges just could not grasp facts."

"Not much can be done ... bro. How to argue when it is 9-0?", a voice replied.

"I know ... I know ...", the lawyer admitted.

Click Here to Read More..

Wednesday, September 23, 2015

Blaming others to cover inadequacy

Cyberspace is hot over whether Bank Negara Governor, Tan Sri Zeti Akhtar actually blamed 1MDB for the ringgit fall. Someone send us her video and it confirmed that she actually said it.

As a former currency trader used to follow statements of Central Bank Governors and Ministers of Finance of major economic powerhouses, her statement to implicate 1MDB was a pathetic excuse to cover her inability to manage and that led into a crisis. 

The words of a Central Bank Governor are usually loaded and have far reaching impact. It is a signal for upcoming monetary policy. In some countries, it is gives an insight into possible future budget and fiscal policies.

Currency traders and other financial market traders analyse their every words and nuances for hints of policies on interest rates and their assessment of existing monetary issues.

Unfortunately, Zeti's words on Ringgit means nothing.

Click Here to Read More..

Tuesday, September 22, 2015

Arsenic poisoning and HIV virus injection

Ever since Dato Khairuddin Hasan and Matthias Chang made their trips to few overseas financial centre to make various report to foreign authorities, there have been a deluge of unsubstantiated reports on Dato Najib and 1MDB. 

WSJ, whose rather fond of Malaysia these days, reported of responsive investigation, accounts frozen, Najib-owned company accounts in Hong Kong, and the latest unpaid money due to IPIC for US$1.3 billion and later an additional RM1.0 billion. [refer to 1MDB's reply to the allegations here and here.]

Over the weekend, Washington Post and several other foreign media called on President Obama to severe relationship with Najib.

One pro-Tun blogger proudly put up postings on the list of foreign news agencies giving negative report on Malaysia including the unconfirmed WSJ report of FBI investigating Najib.

As one of the early cyber warrior from the reformasi days, he failed to realise that they are emulating reformasi play-by-play. Reformasi painted perception of CIA and FBI investigating Tun M, and now same by Tun M?

Maybe it's in the plan to pressure Najib internationally in the same vein as Iraq's WMD. Perhaps someone learned a trick or two from meetings with Saifuddin Nasution, Johari Abdul, Azmin Ali and Rafizi Ramli in various places, including London and Yayasan Perdana office in Putrajaya. [Read past posting here]. 

Expect Dato Khairuddin Hasan to come out of remand to claim arsenic poisoning from the walls of the police lock-up. Not too far fetch, this cousin of Anwar Ibrahim could claim being injected with HIV virus. Second wife and actress, Ummi Aida to do a dramatic command performance to reveal it. 

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Monday, September 21, 2015

Conspiracy against Khir Toyo?

Since charged in December 2010, the corruption case against Dato Dr Khir Toyo (KT) should see it's finality tomorrow.

Sometimes longer but that is how long cases can take for those wanting to see lawsuit as the deciding factor in a political issue. The very reason Tun Dr Mahathir chose to ignore the RM100 billion swindling allegation by former Wall Street Journalist reporter, Barry Wain in his book.

Maybe it is the common Javanese blood in us. And, maybe the sympathy to a fellow plebeian. Not discounting also, he deserve to be given a second chance after undergoing dugaan (challenges), self realisation, and mending his ways.

Something about Khir Toyo's corruption case does not jive. Love him or loath him, KT deserve justice and fair hearing.

Click Here to Read More..

Thursday, September 17, 2015

Is "Perhimpunan Merah" the answer to Bersih color revolution?

The Russian have long suspected that US covert operation involving NED, Freedom House, George Soros, and NATO were behind attempt to start a color revolution in Russia. [Read here and here]. In Macedonia, Soros was detected to give money to students [read here].  

NED and Soros involvement to fund Bersih, Malaysiakini, Sarawak report, SUARAM, Bar Council, etc is an open secret.

In March this year, RT, formerly Russia Today website reported that the Russian is undertaking a research to counter color revolution. [read RT here]. Part of their strategy would likely be joint collaboration with China as Tass News Agency [read here] reported statement of Deputy Defense Minister, Anatoly Anatonov after the Umbrella Revolution in Hong Kong in November last year.

Already color revolution NGO are being crackdown [read FB here]. More on possible strategy by Rusia in this You Tube here and article here.

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Thursday, September 10, 2015

Pua's diverting the diversion to divert a diversion

In the previous posting here, the latest Wall Street Journal so-called expose on the accounting anamoly between IPIC and 1MDB was seen as a diversion to divert a diversion.

NST, BH and TV3 disclosed the content in the document submitted by Xavier Justo to Thai court for his guilty plea to revive the conspiracy to topple the government story.

It serves to divert the public attention from the damaging statement by former Deputy Director of Special Branch, Dato Hamid Bador. And, it did reduced further exchanges between him and Datin Seri Rosmah's assistant as not newsworthy.

In the disclosure, unfamiliar names like Nurul Izzah and Kamal Siddiqi were mentioned [read Rockybru here for the link to MMO on Kamal].

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Wednesday, September 09, 2015

No solution in sight

Forget facts and figures for a while.

And forget the principle of evidence in the court of law. Malaysian politics is only concerned with perception because the popular belief is Malaysians vote on perceptions and not on ability to govern.

By the way things are looking, no solution is in sight for the current political crisis. It has reached to a point where it has lingered into the realm of economics i.e. fall in ringgit.

The intended solution is not so much for a truce between Dato Najib and Tun Dr Mahathir. When the conspiracy to topple the government begin to unfold, Tun M clearly said there is no conspiracy. He want to topple Najib.   

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Tuesday, September 08, 2015

Samad Alias wash hand after 1MDB settled PKFZ-linked Tadmax land sale

The talk of 1MDB latest appointed member to the Board of Advisory, Tan Sri Dr Samad Alias complaining for not getting brief was heard over the Hari Raya open house.

However, it was brushed off since many politicians, media and bloggers managed to get briefing with 1MDB albeit in various capacity.

It is now out in the open when Samad Alias made known of his official resignation yesterday. Dato Nazir Tun Abdul Razak took the opportunity to take potshot at his eldest brother-led government as he wrote in his Instagram:
“Respected, honest, professional appointed by the Govt and welcomed by the Chairman with fanfare.

“But denied access to information by management. If this is true and tolerated, what message does it send to other GLC’s/agencies?”
This morning Bigdog uncovered an interesting discovery on Samad Alias here.

It puts into question Nazir's ability in making character judgement. And, how could he not know Samad Alias had dealing as Chairman of PKFZ-linked company, Tadmax Resources Berhad?

Click Here to Read More..

Big Brother MCMC watching over you

This was recently highlighted by a participant in one of our many Whass App and Telegram groups.

One blogger noticed that local blogs using had their domain changed to .my. From, this blog is now

This could have implication to anonymous bloggers. In the past, it provide space to escape lawsuits and the long hands of the law. One blogger in the group said things may not be as easy anymore with domain name is now based in Malaysia.

This technical bit is not something familiar to this blogger. Only suspect it could have came out of collaboration between MCMC and for some localisation. Techincally, it may serve the purpose of reducing traffic on the trunk line to the US.

Could it be that all the storage of bloggers' posting is now in Cyberjaya?   

Click Here to Read More..

Sunday, September 06, 2015

No place for royals and politicians in FAM

Malaysia was given a 10 goals drubbing by UAE last Thursday night in the World Cup qualifier.

NST reported the netizen's rage over the drubbing [read here]. It's five days already, but the public is still hurling sarcasm at various parties for the loss.

Naturally, Dato Najib was conveniently blamed. One sarcastic joke made fun of the 10 goals as the much talked about favour in exchange for the RM2.6 billion Arab donation that went into his private account.

1MDB was linked to the loss but the name changed to 10MDB or 10 (gol) Malaysia Di Belasah.

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Thursday, September 03, 2015

Mahathir dependent on Kit Siang, Anwar, Ambiga and Maria Chin to bring Najib down

Like Raja Petra wrote here, it's the same with this blog.

Not keen to comment and argue on Tun Dr Mahathir's twice appearance at the BERSIH 4.0. The pro-Tun will use whatever it takes to spin. Taking a cue from the man himself, they said he was there to see and came later to be as Maria Chin put it as participant. It was denied he support BERSIH 4.0.

If so, why did Tun Siti Hasmah said it is people's revolution?

Quite sure she could not see well enough from the passsage opened for her to walk through the crowd that it was 80%, or some say 90% attended by DAP supporters. It does not represent the composition of the country. Also it's heavily skewed towards Chinese DAP demand!

Anyway it is pointless to write when one is in an excitable mood. That was till we came across Bigdog's twitter in Helen Ang's blog posting here. With him steadfast to his belief, someone commented that "Bigdog is more the flagbearer of Mahathirism that Mahathir!

To understand Mahathirism, read this academic work here than reading politically laced criticism on racism, human rights and cronyism [read one here]. No wonder RPK was writing a series against Mahathirism in May [read here to here].

Click Here to Read More..

Tuesday, September 01, 2015

Airasia should sue Daily Mail for 3rd most dangerous airline rating

Air Asia is in a foul mood these days. They seemed to be suing every other person.

On July 31 last month, it was reported that Air Asia sued airport operator, Malaysia Airport Berhad for RM409 million for losses allegedly arising from KLIA2 and the earlier LCCT.

The issues seemed to be repeated one since the days they were endlessly complaining on the KLIA2 like "ponding" on the runway, bumpy taxiway, and "sinking" parking bays [read TMI here]. No news was found on MAHB's reply and the media seemed to be an accomplice to one sided reporting. They had replied and explained in their website here.

It's conforting to know Malaysia Airport will be going aggressive on Airlines not paying their dues [read here]. Presumably legal action is a necessary option.

Other than Malaysia Airport, they sued Wee Choo Keong and others too in March [read FMT here]. Heard to be a blogger too.

Since they are on that mode, they should sue UK's Daily Mail for a damaging report on Airasia's safety record but praised twice crashed Malaysia Airlines. Does it mean things have not turned for the better since the crash at end of 2014?

Click Here to Read More..

Monday, August 31, 2015

The Decline of Malaysian Chinese

By Cheah Sin Chong

Malaysian Chinese are in fast decline – no thanks to the persistent efforts of a devilish party the Democratic Action Party (DAP) in sowing seeds of hatred into the Chinese minds.

The DAP zombies, will of course jump up in rage and hurl profanities at me. Well, I am immune to their daily dose of poisons. One day these DAPigs will self implode with poisons.

The Malaysian Chinese are in fast decline because many of them, precisely the DAPigs do not have the ability to think rationally anymore. Many of them are themselves a product of pampered childhood and they continue this with their own children.

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Saturday, August 29, 2015

With 80% Chinese presence, BERSIH 4.0 is meaningless

Useful google to hide the slanted eyes

Before anyone start attacking and calls us names or accused us as paid bloggers or on Datin Seri Rosmah or Dato Najib's payroll or even cybertrooper as some old friend whose unable to accept differing views name-called in our social media group this morning, take a moment to read first.

First and foremost, congrats to the organiser for being able to gather 22,000 people without any incidence. As much as we wish soldiers guarding Dataran Merdeka should have shot down these nuisance demonstraters, deep in our heart, we didn't want to see any bloodshed.

Our source, an expert at estimating crowd numbers unlike media spinning estimates, place it at that number but by 5:00, it is beginning to dwindle. It's only 5 hours, still long way from 34 hours and 50,000!

Though almost 99% DAP Chinese supporters turned up at the pre-Bersih gathering in Batu Pahat last week, the estimate puts DAP Chinese supporters at 80% with other races at 20%. Still, such an unprecedented high percentage of Chinese made the whole BERSIH 4.0 gathering meaningless.

As anticipated in our posting yesterday here, the objectives and messages of BERSIH 4.0 have no political or social value. A mere circus act.

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Friday, August 28, 2015

BERSIH 4.0, typical Malay NGO and other circus acts

The circus should begin tomorrow 29th till 30th. On Monday, it is supposed to be the Merdeka celebration.

As per our posting yesterday here, this Bersih 4.0 is boring-ly the same ole cowdung. Maybe there is a slight difference with DAP taking a lead and Chinese are not mere spectators as indicative of the pre-Bersih 4.0 rally in Batu Pahat. However, there are still lots of predictable happenings and reactions.

Predictably, there are attempts to turn it into a spectre of May 13, 1969. There was that silat demonstration outside Sogo by an anti Bersih group. They threatened to gather a crowd of 30,000 for an anti-Bersih 4.0 rally to begin at Low Yat tomorrow.

All the silat and threat, but the latest heard they were advised by police to do it at a latter date. It is all quite predictable wayang similar to that by Pemuda UMNO and Perkasa in one past Bersih.

As expected, DAP jumped in to the retreating "threat" with their own reverse psychology circus act. DAP MPs was reported by TMI as claiming threatening flyers were found outside their headquarter.

Can't help but see all these politically motivated circus as almost typical of Malay NGO.

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Thursday, August 27, 2015

RPK's call for vote of no confidence getting support ...

... but Kit Siang resorted to take it to the streets.

Raja Petra put up a posting early yesterday morning with a theory that Dato Najib have prepered himself for a vote of no confidence for the coming October parliamentary session.

According to his argument, RPK believed Najib is ready to face that possibility. After sacking Tan Sri Muhyiddin, Najib seems to be getting things his way in facing up Tun Dr Mahathir. He foresee Najib would have preferred it and may turn it to his advantage. [Read him here.]

Two days ago, Lim Kit Siang said in a press conference to reiterate DAP's stand for a no confidence vote and remind of IGP Tan Sri Khalid's statement that such a move is not a police security concern. [Read in TMI here].

Surprisingly this morning, quite a few notable pro-UMNO bloggers are supporting RPK's yet another conspiracy theory and DAP's call. Their motive is basically to challenge critics and opposition claim that Najib has lost support as a result of alleged scandals involving 1MDB and RM2.6 billion political donation.

It could also be calling on the opposition bluff but argued as better that than hitting the streets. But why is Kit Siang still insistence in resorting to the streets?

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Tuesday, August 25, 2015

It's time Indians return to revive MIC

By Raghan Nair (e-Mail)

After months of bitter and rough rides, the tornado that hit the Malaysian Indian Congress (MIC) has finally subsided. The lies, misleads, U-turns and chaos has hit an abrupt halt.

Datuk Seri Dr. S. Subramaniam has won the presidential seat uncontested and is the 9th President of MIC.

At last, a professional will run the party and it’s the end of an era of gangsters and hooligan politics that have ruled Malaysia’s largest based Indian party previously under the leadership of Datuk Seri G. Palanivel.

Click Here to Read More..

Monday, August 24, 2015

Understanding power

Dato Najib was reported by Bernama as saying Malays will become "bangsat" (destitute) if UMNO loses power. TMI translated the "b" word as outcast.

The 1977 published Kamus Lengkap by Pustaka Zaman translate as crook; poor, destitute (person); bed-bugs; travel, roam". In the light of Penang's demolishing more Malay villages, the translation outcast has similar meaning to the word pariah if that is the  message from the Edge group.

Big Dog pun a common motto into "Bersatu teguh, bercerai bangsat" to mean disunity will lead to disaster for the Malays. Life of Annie discuss her earlier posting which refers to crooks that lead other Malays to destitute.

The other part of Najib's statement on power is interesting to explore. It refers to power from the perspective of political power.

Click Here to Read More..

Thursday, August 20, 2015

Arul vs Tony Pua: What is the limit to transparency?

After a short hiatus, Tony Pua emerged after Arul Kanda's TV3 interview to revive a past issue on 1MDB. He had previously accused Arul as lying. Now he seek explanation on the redeemed US$1.1 billion Cayman Fund and challenged him to a debate.

His intention is not to seek explanation but to accuse the Cayman Island fund has disappeared. And, the challenge for a debate is typical politician ploy, in which a corporate man with a task to do like Arul should not waste his time.

Arul replied to tell Tony Pua that he is recycling issues already answered. Tony Pua said it was not and resorted to a name calling "chicken challenge". Arul duly replied to indirectly described him as "monkey" living in a jungle without rules and order.

Essentially, Tony Pua's antic is what Transparency Initiative website here described as "accountability politics" which is "the arena of conflict over whether and how those in power are held publicly responsible for their decisions."

Accountability means ensuring that officials in public, private and voluntary sector organisations are answerable for their actions and that there is redress when duties and commitments are not met.

Part of accountability is the practise of transparency. It means "public officials, civil servants, managers and directors of companies and organisations and board trustees have a duty to act visibly, predictably and understandably to promote participation and accountability".

The bigger question to issues raised by Tony Pua is what is the limit of transparency or how much disclosure is allowable?

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Tuesday, August 18, 2015

A Malay NGO rethink it's direction

Few months back, we came to the realisation that most Malay NGOs are in dire need of a re-think.

Most NGOs are basically platform for have been or wannabee politicians. Politics is necessary and part and parcel of activism, so some NGOs position themselves as pressure group.

If the view and stance taken are well thought out and sincere, it is fine.

The problem is most such NGO are not independent and in-depth in their position on issues. It is skewed to serve the interest of certain partisanship or political faction or even individual agenda.

Click Here to Read More..

Monday, August 17, 2015

What to expect this week?

It was quite an eventful week for the last week of Syawal.

There was 1MDB's Arul Kanda giving an interview on Thursday August 13th, after the sales of another plot of TRX land to Affin. His first TV interview was to give assurance that it's over-leveraged situation could be addressed within 6 months [Transcript here and here. Video here].

There was a bit of attempt to revive 1MDB as an issue but public attention is very much on the RM2.6 billion donation, and conspiracy to topple government.

Raja Petra Kamaruddin, who seemed to be having a good run these days, revealed some details of the conspiracy. He hinted of something big about to happen next week.

One guess could be MACC's plan to meet PM in their investigation of SRC as mentioned their press release [read TMI here]. This would attract attention since three key people in the SRC investigation have fled.

Another would be the case of Xavier Justo. There have not been much development and stories lately.

Click Here to Read More..

Friday, August 14, 2015

Anyone claiming to be currency experts are bullshiting!

Central Bank Governor, Tan Sri Zeti Akhtar Aziz appeared at a press conference yesterday to give a statement on many issues.

Most important issue was Bank Negara's position to not peg the ringgit or institute capital control in the light of weakening Malaysian ringgit [read MMO here].

Since ringgit returned to the old peg level of 3.80, there had been much attention to the declining ringgit that the public may not be concerned on 1MDB anymore. This week alone many articles generated in the mainstream and circulating in the social media [read The Star's Currency War on Wednesday].

The  public is talking a lot on the currency market that suddenly everyone is an expert. With many Malaysian blaming the government, Goh Wei Liang wrote a posting with the cynical title Malaysians are now currency experts? in defense.

Goh is still polite because as a former currency trader, we would have told off these instant experts to stop bullshit-ing. And we have seen many.

Nobody can claim expert because no one can say with absolute confidence on what are the determinants of a currency value, let alone a "third currency" or minor currency like ringgit. Having lost RM16 billion, Tan Sri Nor Mohamed Yakcop would be the last to claim as expert.

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