Tan Sri Muhyidin says BN contingency not remove Sabah. If it does, afterwards most UMNO as well as BN leaders will retire at Bamboo River Resort. It is not for him to say.The shouts of inikalilah can be heard distant as well as wide in Sabah.
Some years ago, one Michael Chia was caught with 16million Singapore Dollars- or RM 40 million. Everyone knows as well as understood a income was meant for Musa Aman to add to his millions of USD stashed divided in Swiss accounts. Chia pronounced which was not his money. It was for Musa Aman. When Musa Aman was asked about it, he pronounced it was Najib's money. Nazri Aziz stepped in to say, no a income was not for possibly of them. It was for UMNO Sabah. The PM was discerning to contend there was no component of income laundering or currency smuggling.
So there you have it folks, what is haram becomes halal if it's common with UMNO. As they used to contend in a ceramah circuits-wal-haraa-mun kalau makan sorang, wal halal-lun kalau kongsi sama UMNO.I suppose, thebak kut teh, if it has UMNO label is also halal. It will be if a beef used is beef or lamb slaughtered by UMNO ustazs as well as holy men.
No, it's not for a Sabah BN cabinet member to say, a box is closed. PR knows it's closed. That is why it is petitioning a HK governmentto reopenit since there have been drift of concern. The box was sealed since for 3 years, a Malaysian supervision did not respond to any of a HK governments request for cooperation. Nazri can't usually dismiss a emanate by saying not true- MACC did cooperate. Let us have a records as well as matter from Hong Kong then. Whether sealed or not, a rakyat still wants to know a who, w! hat, whe n, how as well as why of a RM 40 million.
If Sabah were to remove 12-15 seats, a dreams of most Malaysians in to seeing Bamboo River Resort incited in to a retirement home for UMNO politicians as well as their commercial operation cronies will come to fruition.
We contingency recollect to embody in to a Resort Project,facilities such as Kedai 1Malaysia, Premium Outlets as well as maybe even a franchisee of Jacob Jewelers.
The alternative block of news which caught my courtesy is a matter by Deputy Finance Minister Awang Adek. He says, a government's sum made at home product (GDP) expansion target of 5 per cent this year is easily achievable, given a impressive 5.2 per cent mercantile enlargement in a third quarter.He pronounced Malaysia's economy usually needs to grow a minimum 4.1 per cent in a fourth quarter, to grasp a 5 per cent target. How does he come by a confidence? Because he says "Cumulatively, for a first 9 months, GDP grew by 5.3 per cent. That equates to you usually need to register 4.1 per cent in a fourth quarter, which you am very certain you can grasp more.
As an economist, he knows a total have been like a bikini. What it reveals is suggestive, though what it hides is some-more vital. What has he hidden?The impetus for which expansion has come since supervision has made a spending in a form ofthe flourishing provision of guarantees to government-linked borrowers. He did not tell which supervision as well as government-linked wake up is a poignant writer to which expansion practicable it seems like a travel in a park. Depends upon which park? Try walking alone in New York's Central Park.
Greater drawdown of existing sovereign supervis! ion guar antees of debt issued by open zone enterprises suggests augmenting make use of of quasi-fiscal policy to await mercantile wake up as well as this function might equates to negative results. For example, it might negatively start Malaysia's sovereign credit profile. Malaysia will turn a credit risk.
The value of outstanding debt guaranteed by a Malaysian sovereign supervision has increased by RM23.4bn (USD7.6bn), or 20%, in between Dec 2011 as well as September 2012. Such debt is right away homogeneous to 15% of GDP compared with 9% at end-2008, as well as suggests a flourishing fortuitous liability upon a sovereign.
What does which mean? That equates to what a PM says about ensuring which sovereign debt will not go beyond 55% of a GDP is all BS. The augmenting faith upon off-balance piece appropriation could potentially call in to question a meaninglessness of a 55% of GDP sovereign debt roof (debt/GDP had risen to 52.4% at end-Q312). These suggest which Malaysia's open finances will remain a weakness contra ratings peers, as has been a box for some time.It will lead as you pronounced progressing some form of negative rating action.Foreign holdings of supervision debt have continued to enlarge as well as right away paint nearly 50% of Malaysia's unfamiliar sell reserves, up from 36% at end-2011.So when a PM says a supervision will safeguard which Malaysia's debt extent will not exceed 55% of Gross Domestic Product (GDP)because ensuring so is part of a prudent management plan in handling a nation's finances, is not true.
Not true as well were his statements per steps taken to revoke a fiscal deficit in line with a joining to safeguard serve growth.
What deficit curtailment? We have vast portions of dark debts which! do not finance projects which have been commercially viable as well as will in conclusion need supervision repayment. For example, there is a RM24 billion owed by PTPTN as well as a RM11 billion owed by Prasarana Negara Berhad.There will be additional hikes in a fortuitous liabilities as a supervision embarks upon most mega-projects off a change sheet, such as a RM50 billion MRT project, which has nonetheless to lift a required financing, as well as a RM25 billion Tun Razak Exchange spearheaded by 1MDB.
By a way, there have been already 60 million block feet of bureau space, as well as Najib says TRX will not start a skill market. He is not a skill man, so there is no reason you should hold him usually as there is no reason to hold me. Let readers do a checking themselves then.
Posted by sakmongkol AK47
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