The Tang Hak Ju Land Scam

Penang state govt hands over papers to aid MACC in land case - by The Edge

White paper 'to expose land scam' By Lee Keng Fatt news@nst.com.my

Who should responsible in the above issue? Do the previous administrator approved according to protocol, rules & regulation? Do it have any abuse of power on the above case?

Waiting to read the White Paper. Judge ourself.

妨碍司法公正 (Preverting The Course of Justice)

09/01/2011 Afternoon 3:55pm (Cloudy Day)

Just before the lunch, suddenly come out from my mind, that is the famous quote in the Hong Kong Drama "妨碍司法公正", under curiosity I intend to find the definition of this words, finally I got it, as it take me about half an hour to get the words in English that is "Preverting The Course of Justice".

But I am not sure my home country Malaysia did the Attonery-General charge any persons before under this common law offence "Preverting The Course of Justice". As this is the important issue either for criminal case nor in civil suit. Some of the people will find all sorts of way to prevent themself from any charge.

Recently that is the Teoh Beng Hock case which may affect the confidence of justice from the international people toward Malaysia. As the coroner rule out homicide nor suicide, so who responsible for the death of the deceased? Really sad to know that. MACC such as reputable government agency it is not safe to go to their office to co-operate for investigation, as under their "care" someone may either "homicide nor suicide". Who can actually tell us the truth of the death?

Get back to the Preveting The Course of Justice, here the wikipedia link:
http://en.wikipedia.org/wiki/Perverting_the_course_of_justice

Common Law Offence wikipedia link:
http://en.wikipedia.org/wiki/Common_law_offence

Will Malaysia adding this law into the Penal Code? Just wait and see.

US -First Time In History Inflation Bonds Are Sold With Negative Yield

This morning I reading a news that regarding inflation bond or know as Treasury Inflation-Protected Securities , surprise me is that bond selling in negative value.

Do this indicate that coming Nov 2-3, Fed QE2 Announcement Most Likely? I predicted is mostly going to have the second round on QE2.

Inflation, commodity is going up. USD is going to devalue some more. Worth to look at Malaysia plantation stock, and gold retails shop.

I still keep on positive on Tomei & Poh Kong. As their inventory (gold) which is much more lower than current gold price.

If Gold price break their historical high, in term of technical view it will further go up.

Next time, I will tell you why is the both gold jewellery stock worth for buying.


The website I visit:

http://www.bloomberg.com/news/2010-10-25/bernanke-says-regulators-are-intensively-reviewing-foreclosure-practices.html

http://www.nytimes.com/2010/10/26/business/26bond.html

Can Malaysia Achieve The Government Transformation Programme

Below is the link that China Transformation:

中共中央关于制定“十一五”规划的建议(全文)

http://news.xinhuanet.com/politics/2005-10/18/content_3640318.htm

China achieved that.




Below is the link for Malaysia Transformation:

The Government Transformation Programme

The six Government Transformation Programme (GTPs) are:

* Reducing crime
* Fighting corruption
* Improving student outcomes
* Raising living standards of low-income households
* Improving rural basic infrastructure
* Improving urban public transport



http://www.pemandu.gov.my/index.php?option=com_content&view=article&id=601&Itemid=83&lang=en


Time to prove it is Malaysia really Boleh!!!

What do Malaysia achieve from the past 53years after we Merdeka? Will we have the better prosperity than this 53years?

I still very confident to Malaysia, but for me the most important 2 things we should do is reducing crime and reducing corruption as well. If this both issue do not rectify, we can not achieve our transformation.

Long time no blogging

That been long time I'm not blogging, due to busy for my works. Anyway I will take the weekend time to write for my blog. 

Last two days, I finally decide to take up my CIMA strategic level, it so costly anyway I will do the best for the coming May exam. Time past so fast, the last time i take up my CIMA P5 is 1 year + ago. Hehe.. Luckly that time pass the exam. 

Recently one of my secondary classmate father admit into the hospital, I am here to wish him to be well soon. May he can recover & healthy always. 

10th March, Malaysia government come out a mini-budget it involve RM 60billion spending, I think it should consider a big-big budget since so much money involve, more over it is the biggest ever stimulus package unveiled by government. Thank you Malaysia government for that. Whether it will bring prosperity to us, time will prove it. 

Past 1 month, Dow Jones Industry Index come to the lowest since last 10years. Paper article always quote "Things are going to get worse before they get better". How worst are we going to face? 

Dear my friends, do you worry you will get retrench? Do any of your friends get retrenched? On the mini budget, government mention will create 163,000 training and job opportunities in both public and private. But I would prefer to know the future unemployment rate rather than job create in the coming years. Maybe in the coming title, I will write my opinion toward the mini budget.

If I am the government, my primary objective will focus on the income of the rakyat and the purchasing power of the peoples. In order to increase both of its, the pathway is not that easy. Education may the fundamental for it. 

Anyway, may you be well & happy always. Have a nice days... ...

Malaysia Government Come Out More Loan Scheme

Recently I read the press statement from Bank Negara Malaysia(BNM) website, BNM announced the establishment of a RM2 billion SME Assistance Guarantee Scheme (SAGS).

According to BNM the objective is to ensure that viable SMEs adversely impacted by the current economic slowdown continue to have access to adequate financing.

Eligible SMEs can obtain financing of up to RM500,000 per SME under this Scheme for tenures of up to 5 years. The Credit Guarantee Corporation Berhad (CGC) will provide an 80% guarantee cover for financing approved under this Scheme. The guarantee cover will be provided free of charge and the cost of the guarantee will be fully borne by Bank Negara Malaysia. Financing obtained under this Scheme is for new financing only and must be used for business purposes, such as working capital, project financing and capital expenditure.

This scheme can be accessed at any commercial and Islamic bank, SME Bank, Agrobank, Bank Rakyat, EXIM Bank and Bank Simpanan Nasional. Participating financial institutions will determine the lending or financing rate to be charged and applications are subject to the normal credit approval process of the participating financial institutions. Applications for this Scheme will be open from 3rd February 2009 till 31st December 2009 or when the financing limit of RM2 billion has been fully utilised.

For further details, SMEs can approach the participating financial institutions or contact BNMTELELINK at 1-300-88-5465 or visit the BNM website at www.bnm.gov.my.

Yesterday, I make a call to BNMTELELINK, the officer told me that I need to enquiry this product directly through the participating financial institutions.

Today I make a phone call to Public Bank to know how this scheme work, but the officer told me that they still yet to receive any information from the head office. I have a short chat with the officer and she told me that previously there is also a scheme SME Assistance Facility which commemcing on 1st Aug 2008 and maximum financing of RM1.5 million per SME. And this SAGS scheme is the subsequent scheme that introduce by BNM.

For the SME Assistance Facility, Credit Guarantee Corporation (CGC) will provide 80% guarantee cover on principal and normal interest and risk on the remaining 20% will be borne by the participating financial institutions. And the interest rate is only at 4%p.a.

The documents need to apply for the loan as follow:
1. If for the Senderian Berhad company the audited account for the past 3years, and for the sole proprietor unaudited account for the past 3 years.

2. Bank current account statement for the past 6months.

3. Form 9, 24 & 44 for Senderian Berhad. For the sole proprietor business registration.

4. For the Senderian Berhad the directors personal income tax "Borang B" for the past 2 years.

5. Memorandum & article for the Senderian Berhad.


As this kind of scheme that been gurantee by the CGC, the banks should be more aggressive to provide the loan to assist the SMEs who face the difficult time.

How well can the SMEs utilise the loans that provide by the banks? Can the SMEs and the bank over come this global recession.

Normally SMEs borrowing is for working capital, and the profit should be greater than the cost., in order for the SMEs have the ability to repay the loan. And at this global recession time, most of the stock and assest value come down, if the SMEs purchase the stock and assets last 2years the chances for its stock or assets value come down is high.

For example, if a company purchase a factory which cost him RM500,000 and it pay the deposit of RM 100,000 and the remaining finance it for 25years and at the interest rate of 6%p.a.. and monthly installment at 2577. After repayment for a year the remaining outstanding loan still around RM 392,879. And now it face the difficult time and have the tight cash-flow for the repayment. Moreover the market price of the factory may come down, if we make assumption it come down 10%, the current value of the factory may only at RM 450,000. If it would like to sell it, it may need to find another place to continue the business. If it sell it at market price of RM450,000 after deduct the loan, the company only get around RM 57,121 this excluded any cost of selling the factory. So for this example, if the corporation foresee the business still have the bright future and he just need to over come the recession then the company can make ton of money while the economy boom, the shareholders may consider either to pump-in his own money to the company or borrow more money for the purpose of working capital.

So it real life, if you are the shareholders of the company, would you like to sell the factory and get the money or would you continue to support the company either in term of injecting the capital or support it take loan ?

And if the corporation would like to take loan, which bank dare to borrow it? By the loan schemen provide, this may boost the borrowing. But how effective & efficiency can the banks provide the loan, this is one of the key component?

Time is value for money!


Reference:
1. www.bnm.gov.my

When forgiving and forgetting is not an option

Last Sunday I read an article of Paul Krugman who won Nobel Memorial in Economic Sciences, the sole awardee for 2008. That some of the points of him I would like to share with you. Below is the thoughts that I get after read that article. I feel impress with some of the points, as it maybe useful in Malaysia political as well.

1. US President Barack Obama was asked whether he would seek an investigation of possible crimes by the Bush administration. His responed "I don't believe that anybody is above the law"... "we need to look forward as opposed to looking backwards"

2. In Mr. Paul Krugman article he said that, the fact is that the Bush administration's abuses extended from environmental policy to voting right, and most of the abuses involved using the power of government to reward political friends and punish political enemies.

3. In his article he also mentioned that abuse involve the US Justice department, there's strong evidence that officials used their positions, to undermine the protection in minority voting right and persecute Democratic politician (that time opposition political party of Bush administration).

4. The war of Iraq, Bush administration handed billion of dollars in no-bid contracts to political connected companies, companies that then failed to deliver.

5. Any government official who tried to enforce the accountability of the awarded contracts, will find his or her career derailed.

6. Moreover, while the Bush administration government agencies experienced major scandals over the past eight years. In most cases, the scandals that were not properly investigated. You may read more at wikipedia US Political Scandals.

7. Does anyone seriously doubt that the Bush administration deliberately misled the nation into invading Iraq? Why, then shouldn't we have an official inquiry into the abuse during the Bush years?


8. "Pursuing the truth would be divisive, that it would exacerbate partisanship." As we normally will said that, "over is over, let it be, we need to move forward". But if the partisanship is so terrible, shouldn't there be some penalty for the Bush admintration's politicisation of every aspect of government?

9. We are told we don't have to dwell on past abuses because we won't repaet them. But the issue is that, first do we break the law at that moment? If yes, should we be punish? Or due to we are somebody, we are exempted from any prosecution.

10. For US during the Ronald Reagan (40th President of the US) years, the Iran-Contra conspirators violate the Constitution in the name of national security. But the President George H.W. Bush in the final day of presidency pardoned all the malefactors who involve in the Iran-Contra.

11. In short would the US President Barack Obama let Bush administrator sleeping scandals lie?

12. From the article above, what lesson can the Malaysia politicians learned? Let we all judge ourself.




Source:
1. New Sunday Times 18th Jan 2009 Page 21
2. http://en.wikipedia.org/