KUDA RANGGI - You can take a horse to (the) water but you can't make it drink.
TUESDAY, JANUARY 15, 2013
Bank Islam suspends chief economist over polls prediction
Bank Islam has suspended its chief economist Azrul Azwar Ahmad Tajuddin over his prediction of the likely results of Election 2013.
The Malaysian Insider quoted Azrul Azwar as confirming the suspension.
Last week Singapore's The Straits Times reported that Azrul Azwar predicted a narrow win in Election 2013 by Pakatan Rakyat (PR) as the most likely of three possible scenarios.
Bank Islam was quick to distance itself from Azrul Azwar and in a January 11 statement, its managing director Datuk Seri Zukri Samad regretted that a news report on a Singapore forum had associated the bank with Azrul Azhar's views and forecast.
"The views expressed by azrul at the forum are entirely his personal view and should not be linked or attributed to Bank Islam whatsoever," Zukri wrote in the four-paragraph statement.
If that is the case, then why suspend Azrul Azhar? He was expressing his personal views and he is free to do so as an individual. It is part and parcel of democracy unless Bank Islam did not subscribe to democracy and freedom of speech.
The suspension of Azrul Azhar is a mockery of democratic principles.
Economist says suspended by Bank Islam over polls prediction
By Ida Lim
January 15, 2013
KUALA LUMPUR, Jan 15 — Azrul Azwar Ahmad Tajudin today confirmed speculation that Bank Islam has suspended his services as its chief economist over his prediction of the likely results of Election 2013.
Azrul Azwar was last week reported by Singapore’s The Straits Times to have predicted a narrow win in Election 2013 by Pakatan Rakyat (PR) as the most likely out of three possible scenarios.
When contacted by The Malaysian Insider today, Azrul Azwar confirmed that he had been suspended.
“Ya, that’s true,” he said.
When asked how long the suspension will last, he said: “I’m not sure. Perhaps until further notice.”
After news reports that appeared in The Straits Times and The Malaysian Insider last week, Bank Islam moved to distance itself from Azrul Azwar.
Azrul Azwar has been suspended over his prediction of the likely results of Election 2013.
In a January 11 statement, Bank Islam managing director Datuk Seri Zukri Samat regretted that a news report on a Singapore forum had associated the bank with Azrul Azwar’s views and forecast.
“For your information, Bank Islam is not a party to the regional forum and is not related or involved in anyway in the event.
“The views expressed by Azrul at the forum are entirely his personal view and should not be linked or attributed to Bank Islam whatsoever,” Zukri wrote in the four-paragraph statement.
The Malaysian Insider had previously reported that the bank’s management was meeting on the same day over the findings that were part of Azrul Azwar’s presentation at the Regional Outlook Forum in Singapore on January 10.
In a report by The Straits Times, Azrul Azwar’s calculations found that one of the most likely scenarios was that the ruling Barisan Nasional (BN) coalition would likely win only between 97 and 107 of the 222 parliamentary seats, which are insufficient to form the next administration.
But the result would also mean that PR will only gain a shaky hold over Parliament, far from the supermajority once enjoyed by its rival.
The two other likely scenarios reportedly presented by Azrul Azwar was that there would be a narrow win for BN and a bigger win for PR.
Azrul Azwar had taken into account factors such as race and demographics.
He had also forecast that under the most likely scenario of a narrow win by PR, a fallout would result, with the stock market set to respond in a “knee-jerk” fashion as well as an extended period of perceived instability.
He also did not rule out the possibility of “economic sabotage” by businesses and the civil service that are aligned with BN.