Thursday, 24 August 2017



23 HB OGOS 2017


Pada hari ini 23hb Ogos 2017,jam 11 pagi waktu Indonesia,Datuk Dr.Fauzi telah mengadakan pertemuan resmi dengan Haji Adek Irfil Manurung, Ketua Umum Laskar Merah Putih Indonesia di Markas Besar Laskar Merah Putih Indonesia di Jati Negara,Jakarta Timur.Hasil pertemuan Datuk Fauzi dengan Ketua Umum LMP,Haji Adek Erfil Manurung.Manurung mengatakan tidak cukup dengan permintaan maaf Menteri Belia dan Sukan Malaysia,Khairy Jamaludin.Perdana Menteri Malaysia harus datang ke Indonesia untuk minta maaf pada rakyat Indonesia,jika tidak Laskar Merah Putih akan lakukan demo dengan lebih kerap dan akan disertai ribuan anggota Laskar Merah Putih,kata Ketua Umum Laskar Merah Putih.Datuk Fauzi menyatakan pertemuan beliau ini adalah untuk meminta maaf bagi Kerajaan Malaysia dan rakyat Malaysia kepada seluruh rakyat Indonesia mengenai terbalik Bendera Indonesia di sukan SEA,dalam waktu yang sama Ketua Polis Malaysia telah berjanji akan menyiasat perkara tersebut.Dalam pertemuan tersebut Datuk Fauzi telah meminta kepada semua anggota Laskar Merah Putih diseluruh Indonesia untuk tidak mengulangi demo di Kedutaan Malaysia yang telah direncanakan lagi mengenai isu salah cetak terbalik bendera Indonesia.Mengenai masalah tanah Kerajaan Malaysia di Jakarta selatan yang juga dituntut oleh waris,Haji Adek menyerahkan pada Kerajaan Malaysia untuk diselesai secara baik.Kepada semua ahli Laskar Merah Putih yang dianggotai oleh 13juta orang diseluruh Indonesia,saya menyeru agar hargai keputusan pertemuan antara Datuk Fauzi dan Ketua Umum Laskar Merah Putih Indonesia demi kebaikan kedua Negara Malaysia dan Indonesia dan saya selaku Penasihat Markas Besar Laskar Merah Putih Indonedia.
Datuk Dr.Fauzi Mohamad
23hb Ogos 2017.

Ini Melayu punya ka Cina punya?

GOLF...apa lagi nak cakap!

Wednesday, 23 August 2017

Singapore Anjing...well done KJ!

Well done KJ....that missing RM$100 million from your ministry is being blamed on others...what about this SEA Games Mahathir, Anwar Ibrahim or DAP to be blamed? 

Dave Low Sports Minister having a blast, walking around with ushers & bodekguards

To the people of Singapura.....
a thousand apologies. 

What A Disgrace!
This is all the bad things Malaysia has done for SEA Games 2017 in their country - The worst SEA Games ever!
1. No driver for Myanmar women team to return to hotel after beating Malaysia women team 5-0, and departure to hotel is delayed till 23:40PM.
2. No bus for Thai futsal, U22 Vietnam to go to training venue. They also use wrong venue for Thai futsal team. Open the stadium too late for U22 Vietnam, U22 Indonesia... make them don't have more time to train or they must wait before the match. Thai futsal team must use their money and taxi.
3. Ultras Malaysia insult Singapore at Shah Alam stadium, they chants 'Singapore is dog' (??)
4. Malaysian police suggested to led Vietnamese women's goalkeeper to the stadium. Finally, he led her around her hotel. It takes 15 minutes before the match between VIE & PHI.
5. No tickets for Myanmar fans, they said the tickets were sold out. Finally, the stadium was empty and Myanmar fans had to watch their team from outside the stadium.
6. Media: Update the result too late. Sometimes, they just update when their team win gold medal.
7. Only 28/38 sports will be live on youtube. Important sports such as volleyball, futsal, women's football will not be broadcast. This also is the first time since 2000 that a football match can't be broadcast (Myanmar vs Laos, Brunei vs Myanmar). 
Media groups from countries such as Myanmar, Thailand and Indonesia must come to stadium and do the filming.
The Sports Minister is not in control and doing a shit job bringing more shame to Malaysia.

SEA Games....Well Done KJ! RM100 million missing from your Ministry is blamed on others...this SEA Games debacle is to be blamed on Mahathir, Anwar or DAP?


Malaysia Today…..What our young have now become!
Emran A Wahid · 
Together with my friends here is Singapore, its not anger, but sad that these Malaysian many of them are still our relatives, had go down so low. We both look alike, speak alike, dress alike, eat the same food, share the same culture and have the same religion. When we parted back in 1965, nothing should have change, a Singaporean Malay or Malaysian Malay, how different would it be ... but how wrong were we. Country leadership can change a culture, apparently and in a very short timeframe too.
LikeReply1019 hrs
Kenneth Tan
Aren't you lucky to be born a Singaporean? Your brethren across the straits have been corrupted by their father Umno. Umno is not just corrupt mentally, monetarily and spiritually, he's proven unfit to be a father or an educator. He epitomises failure in many aspects, and now we have the tales of two people, a bright Singaporean Malay versus a half-baked Umno Malay. It's so very sad.
LikeReply9 hrs
Irene David
The young is a reflection of the leadership we have now! So, it is no surprise. And yet our ministers stay mum over this. Their silence is an indication that they are also of the same stock.
LikeReply422 hrs
Ooi Eng Bee · 
No! Their leaders (of the same community) are not of the same stock. They are much much worst than that.
These leaders are moronic themselves. Yet, to strengthen their privilage position for many many more years, they deliberately promote the brain degrading policies, encourage tongkat relaince, and periodically feed them chicken feed to ensure these youngster grown up being their long term vote bank, keeing these moronic leaders in power by virtue of numbers.
LikeReply122 hrs
X Surf Net · 
There was an article in Malaysiakini regarding Myammar vs. Malaysia for SEA games, where the stadium limited 500 tickets to for Myanmar fans out of a 6,000 seats stadium. coincidental?
all such actions only erases Mahathir's attempt at maintaining Malaysia as a unique multi racial, multi racial & multi religion nation living and excelling in harmony. Thank you PAS. Thank you Bugisputras.
LikeReply117 hrs
Desi Mon
Don't bother with them who have no sense of sportsmanship or moral. They like to make noise against other races or Singapore. But when their own race leaders opening steal money from the Rakyat, they close their mouths, eyes and ears. Give them peanuts out from the stolen millions, they are silent as a mouse. Pathetic lot.
LikeReply10 hrs
Lee Patrick · 
I am ashamed. The Sports Minister is keeping quiet? The PM is tongue-tied? The Deputy PM has lost his voice? Gerakan is deaf? MCA is looking down? MIC is blind? What a shitty people have we become!!!
LikeReply316 hrs

Recalling Bank Negara’s massive forex losses By: Ho Kay Tat

SINGAPORE (March 24): The government is moving ahead to investigate whether there were any wrongdoings in the massive foreign exchange losses suffered by Bank Negara some 25 years ago. Many people today may not have a good recollection of what happened, while many others probably had no knowledge of it until it became news again recently as the sitting government took aim at this nasty episode under Tun Dr Mahathir Mohamad’s rule.

I was a reporter with Reuters then and had covered the losses that surfaced when the central bank released its annual reports for 1992 and 1993 in March 1993 and March 1994, respectively. I recall that those losses first puzzled me and others because bank officials did not come forward to talk about them at the press conference nor was the information contained in the press release. They were, however, disclosed in the last few pages of the 1992 report on the bank’s financial statement, which normally do not attract attention, as reporters would focus on the earlier parts that touched on the performance of the economy and banking sector.
But that year, we took a cursory look at those back pages and spotted something odd. Bank Negara’s financial statement showed its Other Reserves had plunged from RM10.1 billion in 1991 to RM743 million in 1992, or a loss of RM9.3 billion. There was also a Contingent Liability of RM2.7 billion.
When we asked about this, I recall that both then Bank Negara governor, the late Tan Sri Jaafar Hussein, and his deputy, Tan Sri Dr Lin See Yan, said it was nothing serious, as they were mere paper losses that could be recovered later. We were not convinced, but we were unable to challenge them, as we did not under stand the manner in which Bank Negara presented its accounts.
The next day, however, the market was abuzz with talk that the bank had lost billions in foreign exchange transactions and I remember writing stories on this for the next week or so. But nothing more came of it, although opposition MPs led by Lim Kit Siang continued to press the Ministry of Finance and Bank Negara for answers.
The matter really blew up a year later when Bank Negara tabled its 1993 report and disclosed another forex loss of RM5.7 billion. Here is what Jaafar said:
“In the Bank’s 1993 accounts, a net deficiency in foreign exchange transactions of RM5.7 billion is reported, an amount which will be written off against the Bank’s future profits. This loss reflected errors in judgment involving commitments made with the best intentions to protect the national interest prior to the publication of the Bank’s 1992 accounts towards the end of March 1993. As these forward transactions were unwound, losses unfolded in the course of 1993. In this regard, global developments over the past year had not been easy for the Bank; indeed, they made it increasingly difficult for the Bank to unwind these positions without some losses. For the most part, time was not on the Bank’s side. Nevertheless, this exercise is now complete — there is at this time no more contingent liabi lity on the Bank’s forward foreign exchange transactions on this account. An unfortunate chapter in the Bank’s history is now closed.”
Jaafar took responsibility for what happened and resigned, as did the bank official directly responsible for its foreign exchange operations, Tan Sri Nor Mohamed Yakcop.
How did Bank Negara lose the billions?

Jaafar said the losses were owing to commitments made to protect the nation’s interests. He was referring to the bank’s operations in the global forex market to manage the country’s foreign reserves and, obviously, something went wrong in a big way.

Forex traders and journalists who covered financial markets in the late 1980s knew that Bank Negara had a reputation for taking aggressive positions to influence the value of the ringgit against the major currencies. When the bank is not happy with the direction of the ringgit, up or down, it makes its intentions known by either selling or buying ringgit.
One question I had always asked forex dealers when writing market reports for Reuters was, “Is Negara in the market today?”
Bank Negara has always maintained that its market operations were to prevent volatility and undue speculation. Its critics, on the other hand, said it also did so for profits, which it enjoyed for years.
What went wrong in 1992?

That was the year George Soros and other hedge funds bet heavily against the British pound on the basis that it was overvalued. The Bank of England (BOE) fought back by buying billions of sterling while Soros and gang shorted the battered currency.

As it did not want to deplete too much of its reserves to defend the fixed rate of the pound within the European Exchange Rate Mechanism, BOE capitulated by withdrawing from the ERM on Sept 16, 1992, since called Black Wednesday.
It was widely believed then that Bank Negara had bet on the wrong side of the fight between BOE and the hedge funds. It never thought that central banks could lose against specu lators, but BOE lost and Soros was said to have pocketed at least US$1 billion.
Bank Negara has never confirmed nor denied that this was indeed what happened but the evidence, although circumstantial, points to this as the reason for the loss of RM9.3 billion in its 1992 accounts and the subse quent loss of another RM5.7 billion in 1993, bringing its total loss to RM15 billion.
Was the loss more than RM15 bil?

Former Bank Negara assistant governor Datuk Abdul Murad Khalid was reported as saying recently that the losses were actually US$10 billion. That would work out to RM25 billion at the then exchange rate of RM2.50 to a dollar. Murad also alleged that there were no proper investigations into the matter.

Following his allegations, the Cabinet has now set up a task force led by former chief secretary to the government, Tan Sri Sidek Hassan, to investigate whether there were wrongdoings that caused the losses, whether there was a cover-up on the size of the losses, and whether Parliament was misled.
So, who should the task force call up as part of its probe? I am guessing the following:
Tun Mahathir, who was the prime minister then;

Tun Daim Zainuddin, who was the minister of finance from 1984 to 1991 when Bank Negara was active in the forex market;
Datuk Seri Anwar Ibrahim, who was the minister of finance when the losses surfaced in 1992 and 1993;
Dr Lin, who was deputy governor of the central bank then;
Tan Sri Ahmad Don, who succeeded Jaafar as governor;
Murad, who made the allegations; and
Nor Mohamed, who was head of forex operations.
Who is Nor Mohamed?
Nor Mohamed is the man who lost billions for Bank Negara and resigned along with Jaafar in 1993. He then kept a low profile with short spells at RHB Research Institute and Mun Loong Bhd.

In an ironic twist, the man who lost billions for the country was later credited with helping save the ringgit from currency speculators in 1998.
Frustrated by the year-long failure of governments and central banks to fight off speculators, who had devalued Asian currencies (the ringgit plunged to as low as 4.80 to the dollar), Tun Mahathir turned to Nor Mohamed for help. The doctor did not understand how the currency market worked and Nor Mohamed took him through it in great detail. The two men then confidentially devised the plan that shocked the world — the imposition of controls on Sept 1, 1998.
Widely criticised at the time (Ahmad Don and his deputy Datuk Fong Weng Phak resigned in protest), some now say the move helped bring an end to the crisis, as speculators feared other affected countries would do the same.
Nor Mohamed’s star shone again and he later became Minister of Finance 2 under Tun Mahathir and Tun Abdullah Ahmad Badawi. He is now deputy chairman of Khazanah Nasional.
But now, a ghost from his past has been dug up as fodder for the political contest between Prime Minister Datuk Seri Najib Razak and his biggest nemesis, Tun Mahathir. The objective is obvious. Tun Mahathir has attacked Najib incessantly over 1Malaysia Development Bhd. The current administration is fighting back by saying billions were also lost under Tun Mahathir’s watch. Tun Mahathir says there is a 1MDB cover-up and his foes are accusing him of doing the same.
Will the task force unearth anything that is not already known?

The task force needs three months to complete its work, so we will just have to wait for the full picture before we can come to any conclusion that can bring closure to something that happened 25 years ago.

Perhaps, one day, we will be lucky enough to also have the full picture of the affairs of 1MDB. Current Minister of Finance 2 Datuk Seri Johari Abdul Ghani did say this month that no action had been taken against anyone in Malaysia over 1MDB because we have only “half the story” so far.
In that case, should we not have a task force on 1MDB as well so Malaysians can have the full picture?

Ho Kay Tat is publisher and group CEO of The Edge Media Group

This article appears in Issue 772 (March 27) of The Edge Singapore.

Tuesday, 22 August 2017

Animals have Hearts too.

Ini berlaku di Sepanyol, dua ekor singa ini dijaga ketika masih kecil lagi (anak) di rumahnya dan Kemudiannya anak singa tersebut diambil oleh pegawai kerajaan kerana ia bertentangan dengan undang-undang. 
Selepas 7 tahun, wanita itu datang ke tempat singa itu untuk melihat mereka. Apa yang mengejutkan, kedua-dua singa itu memeluknya dgn kasih sayang sehingga tidak dapat dijelaskan dengan kata-kata. Lihatlah sendiri.... amat menyentuh hati.