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Anwars baying for sympathy with retirement plan, says Utusan
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DPM: Anwar's influence in Indonesia not great
Perkhidmatan LCC
Top Turkish Muslim scholar visits Greek Orthodox patriarchate
Today's Zaman,
06 Jul 2012
ISTANBUL, Jul 6: Turkey's Religious Affairs Directorate president Mehmet Grmez paid a visit to Ecumenical Patriarch Bartholomew we upon Thursday at a stanbul-based Fener Greek Orthodox Patriarchate.
ONE GOD Mehmet Grmez presents a present bearing a 'Allah' calligraphy to primogenitor Bartholomew I
Grmez thanked a primogenitor for a comfortable welcome as well as said followers of both religions have lived together for centuries. The Muslim leader additionally voiced a instruct for comfortable relations between all segments of society.
Bartholomew additionally voiced his best wishes to Muslims upon a Night of Forgiveness (Berat Kandili in Turkish or 'Nisfu Sha'aban') as well as for Ramadan as well as Eid al-Fitr in allege of a holiday for Muslims opposite a world.
The assembly is deliberate generally critical as Grmez is usually a second conduct of a Religious Affairs Directorate to visit Greek Orthodox Patriarch Bartholomew. The primogenitor had congratulated Grmez upon his appointment as chief of a directorate in 2011 as well as invited him to a patriarchate.
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Development and Penang: Finger-pointing reaches new heights
July 8, 2012
Development as good as Penang: Finger-pointing reaches brand new heights
by Joceline Tan@www.thestar.com.my
PENANG island is carrying the bumper season for "designer durians" as good as tourists as good as locals alike have been creation their way up the mountainous country of Balik Pulau to feast upon the fruit. It has been the sweet season in truth for farmers of the thorny fruit.
But elsewhere upon the island, it is the season for an additional kind of thorns, namely, the thorny emanate of growth as good as the side effects.
The hot-button emanate in Penang currently is as well many development, for wish of the better word. This is quite an irony since the singular of the reasons why Tan Sri Dr Koh Tsu Koon was shown the door in 2008 was since Penang folk thought there was not sufficient growth in Penang.
As the well-connected developer Tan Sri Tan Kok Ping had claimed of Dr Koh during an interview, "18 years as good as zero to show", by way of observant which Dr Koh could have finished some-more for developers in Penang.
Dr Koh was not well known to be pro-developer as good as the integrate of big developers were so cheesed off with his policies they left Penang as good as returned only after Lim Guan Eng came to power.
It is the different situation today. Entire neighbourhoods have been worried about the pace as good as sort of growth taking place. Guan Eng, similar to it or not, has acquired the reputation as being as well pro-developer.
"In new years as good as some-mo! re so in new months, there has been the spate of protests from indignant residents in various tools of Penang island over what is function in their communities.
"This is not an isolated incident. It is quite widespread," pronounced city councillor Dr Lim Mah Hui.
The curious thing is which the protests have been taking place in upscale areas similar to Pulau Tikus, Tanjung Bungah as good as Sungai Ara. Middle-class folk have been entrance out with handcrafted placards to protest conflicting projects which have been affecting the peculiarity of life in their neighbourhoods.
Last week, residents in Pulau Tikus protested conflicting skeleton for the 27-storey commercial block where the limit height is only six storeys. The residents were all appalled since Pulau Tikus is already tormented by trade jams as good as parking woes. They bombarded their assemblyman Koay Teng Hai with all sorts of questions.All these, pronounced Mah Hui, have been signals which "something is not quite right".
In new days, pamphlets of "before" as good as "after" Google Earth images of the famed Batu Ferringhi seashore have been drifting about. The pictures show how immature mountainous country have turn petrify as good as tarmac. The "after" images were antiquated around 2010, ensuing in DAP claiming which the images were digitally tampered with. The fight over growth has escalated.
Guan Eng has, as usual, blamed the prior supervision for the state of affairs. He has regularly pronounced which his administration department department has not authorized the singular plan upon top of 76m except for immature areas similar to the park. He repeated all which last week during the press discussion alongside Penang Island City Council (MPPP) president Patahiyah Ismail.
Patahiyah, upon her part, released det! ails of 37 projects upon top of 76m which were authorized in in between 1985 as good as Mar 2008 underneath Dr Koh's supervision yes, Dr Koh was guilty as charged.
However, Patahiyah also handed out papers display which in in between Apr 2008 as good as May 2012, the sum of nineteen projects upon land upon top of 76m were since formulation capitulation by the MPPP; which would fall precisely underneath Guan Eng's tenure.
It left many reporters scratching their heads since the Chief Minister as good as Patahiyah were observant conflicting things about the same matter. Guan Eng pronounced there was no capitulation of projects upon top of 76m after 2008, though Patahiyah pronounced nineteen projects were approved.
They had contradicted each other during the same press discussion as good as they appear to have gotten away with it! It was pretty amazing.
To add to this, Ong Eu Soon, the social activist mostly quoted upon growth issues in Penang, has disputed Guan Eng's claim which his supervision has not authorized the singular growth which is upon top of 76m.
Ong did his own investigation as good as he has insisted which the high-rise common ownership plan in the Air Itam area was authorized in 2009 as good as it is sitting good over 76m upon top of sea level. The plan is upon the pleasing mountain well known as Bukit Hijau as good as is currently underneath construction.
According to Ong, the project, listed underneath the anxiety series of MPPP/OSC/PB(1963)/09, was authorized upon Apr 30, 2009. The developer then applied to amend the plan from the 29-storey unit plan to 38 storeys. The legislative addition got the immature light from MPPP upon Oct 14, 2009.
"The plan is definitely some-more than 76m tall since the finished plan upon the slant below was personal ! as upon top of 76m. The finished plan was authorized by the Barisan Nasional supervision though the brand new the singular was authorized by Guan Eng's government.
"I live inside of upon foot stretch of the two projects. Guan Eng should stop observant he has not authorized any growth aloft than 76m since this is only the singular case. we have some-more information upon this sort of projects which were authorized after Mar 2008," pronounced Ong who also contributes articles to Malaysian Insider as good as Malaysiakini.
It has been all as well convenient for Guan Eng to censure the prior supervision for all which goes wrong in Penang. After 4 years in power, Guan Eng should stop pointing as good as blaming as good as start seeking during his own administration.
He is the chairman of two of the many powerful committees in the state, namely, the State Planning Committee as good as the State Land Committee. He should provide some answers about his MPPP president's acknowledgment which nineteen projects upon top of 76m were authorized after 2008.
Governing Penang, as many politicians have learnt, is similar to opening the durian. It is the tasty ripened offspring though the thorns can hurt. It has to be handled with care.
Read More @ Source
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CORRUPTION: Sparrow Punished
July 8, 2012
CORRUPTION: Sparrow Punished though Corrupt Sharks as well as Political Fat Cats?
Bernama reports:
The 13-year jail sentence as well as excellent of some-more than RM2 million meted out by a Sessions Court on a Malaysian Anti-Corruption Commission (MACC) Assistant Superintendent for crime proves which a elect does not strengthen any one who has committed an offence.
MACC Chief Commissioner Datuk Seri Abu Kassim Mohamed pronounced by virtue of a fact which a box was investigated as well as prosecuted by officers from a elect additionally valid which a elect is not biased.
"I want to make it clear which you have 0 tolerance towards corruption. (MACC) officers, no make a difference how great they are, if they have been involved in counts inspiring integrity, generally corruption, you will take action.
"MACC regards this box as really serious. we hope it can give a vigilance to all government officers, together with in MACC, to not be involved with corruption," he told reporters here.
Earlier, Abu Kassim opened a bowling tournament in between MACC as well as a Singapore Corrupt Practices Investigation Bureau (CPIB) in Seri Kembangan nearby here.
Yesterday, MACC Assistant Superintendent M. Mohan (right), 39, was condemned to 13 years' jail time as well as fined RM2.275 million by a Shah Alam Sessions Court after he was found guilty of three counts of crime three years ago.
Abu Kassim pronounced a sentence which was meted out was a many severe since a enforcem! ent of a MACC Act 2009 which transposed a Anti-Corruption Act 1997.
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GEMPAR BERAPI! MEMANG SAH ANWAR MELIWAT SAIFUL BUKHARI!
Dalam kes liwat 2 pula, kenyataan penghakiman telah menerima keterangan berlakunya penetrasi dubur Mohd Saiful Bukhari dan menemui sperma lelaki Y, namun disebabkan tiada bukti sokongan ia tidak selamat untuk mahkamah mensabitkan ahli parlimen Permatang Pauh itu dengan tuduhan liwat memandangkan integriti sampel yang diambil telah tergugat sebelum dihantar untuk analisis kimia.
Sekadar mengingatkan pembaca, DNA lelaki Y telah disahkan sepadan dengan DNA Anwar yang didapati dari bahan-bahan yang digunanya dan kemudian dibuang, di lokap polis.
Anwar dan penyokong-penyokong boleh meraikan kejayaan mereka dalam kes ini. Tetapi hakikat bahawa Saiful Bukhari telah diliwat pada waktu di mana beliau dan Anwar berada di dalam bilik yang sama dan berdua-duaan, mengikut bukti rakaman CCTV dan keterangan saksi, tidak boleh disangkal sama sekali.
Lagipun, jika Anwar baru pertama kali ditangkap, mungkin alasan keraguan boleh diterima sebagai beliau tidak bersalah.
Tetapi ini adalah kali kedua, di mana pada kali pertama ketiga-tiga hakim bersetuju bahawa beliau benar-benar terlibat dalam aktiviti homoseksual atau meliwat, maka menolak bahawa Anwar bersalah atas alasan terdapat keraguan sudah tidak boleh diterima lagi.
Itu belum lagi dikira dengan hujah peguam Anwar yang menekankan soal liwat suka sama suka dan bukannya Anwar bukan peliwat.
Pendek kata, selain dari sampel yang dikatakan dibuk! a oleh p egawai penyiasat dan diragui oleh hakim, segala bukti dan saksi termasuk hujah-hujah peguam Anwar sendiri, teks pembelaan diri yang dibaca Anwar, sikap Anwar, orang-orang kelilingnya, sejarah dan perkembangan semasa dirinya dan semua dan segala-galanya menjurus kepada satu fakta iaitu, Anwar seorang peliwat.
Bagaimanapun, oleh kerana Anwar telah bebas, walau atas apa jua alasan, maka beliau berhak meraikannya.
Dan inilah yang dihairankan iaitu entah kenapa kita melihat seolah-olah orang-orang kuat Anwar sendiri tidak begitu gembira malah agak marah dengan keputusan ini. Majlis keraian yang kita jangkakan pastinya amat meriah, tidak berlaku.
Sebaliknya, Azmin, misalnya, kelihatan agak marah selepas keputusan diumumkan. Mungkin beliau marah kerana gagal membuktikan mahkamah tidak adil. Wan Azizah pula kelihatan memberi senyum yang dibuat-buat ketika memeluk Anwar, sebagai syarat.
Atau mungkin keluarga dan sahabat-sahabat Anwar ini marahkan hakim kerana menggagalkan rancangan mereka untuk merusuh besar-besaran, Dan tidak mustahil juga mereka marahkan diri sendiri kerana gagal menyingkir Anwar.
Sedarkah kita bahawa, jika dulu penyokong-penyokong Anwar di Malaysia terdiri dari mereka-mereka yang benar-benar percaya beliau tidak bersalah, tetapi kini, penyokong-penyokong Anwar terbahagi kepada dua golongan:
Satu, golongan yang benar-benar benak dan taksub mempercayai Anwar tidak bersalah dan suci bersih.
Dan dua, golongan LGBT dan penganut fahaman plural yang cukup maklum akan selera dan perjuangan Anwar untuk meletakkan hak mereka di negara ini.
Seimbas pandangan, kelihatannya golongan kedua adalah lebih ramai di dalam kumpulan penyokong Anwar hari ini, berbanding golongan pertama. Kerana itu, ceramah-ceramah Anwar tidak mendapat sambutan seperti dahulu. Jika mendapat sambutan pun, ia adalah kerana ramainya penyokong-penyokong PAS yang buta tuli dan sanggup datang memberi sokongan kepada Anwar demi PAS dan Islam, kononnya.
Dalam kesesatan mereka, mereka boleh bertakbir semahunya ke atas Anwar dan boleh bersolat hajat sebanyak mungkin. Namun, hakikat bahawa penetrasi berlaku dan Saiful telah diliwat oleh Anwar tidak boleh disangkal.
Anwar dihantui oleh hakikat ini sehinggakan matanya semakin cengkung akibat tidak dapat tidur dengan nyenyak kerana Anwar tahu mahkamah dunia mungkin boleh dikelirukan, tetapi mahkamah akhirat tetap menunggunya.
Mungkin kerana itu, Anwar sudah mula bercakap soal persaraan dan kita pasti ini akan melegakan orang-orang sekelilingnya yang sudah letih menangani karenahnya yang gila seks dan gila kuasa.
Lebih lama Anwar berpolitik, lebih banyak skandal bakal terdedah atau bakal diciptanya di kemudian hari
BLUE BEARY!
Selangor Did Not "Overpay" for Talam Land
Datuk Chua Tee Yong had upon 5th Jul 2012 claimed which a Selangor state supervision has "overpaid" for a square of land taken over from Talam Corporation Berhad. This square of 2,263.53 acres of leasehold land in Bestari Jaya was valued during usually RM139.09 million by an eccentric veteran valuer although a State supervision had valued it during RM181.08 million. Hence a accusation which Selangor has overpaid by RM41 million.
Datuk Chua's accusation is not usually cheeky, it is upon purpose dubious by regulating selective statistics. Just as there were a little pieces of land which a valuer Mitra Valuers & Property Consultants Sdn Bhd had valued lower than a state valuation, there were also many alternative pieces of land which was valued aloft than a state valuation.
For example, a state supervision valued a 341acres square of Bukit Beruntung 2 freehold land during RM89.1 million, Mitra had valued a same square of land for RM100.8 million or RM11.7 million "gained" by a state.
Similarly, an additional square of land, 686.93 acres of Bukit Beruntung 2 freehold land was valued during RM179.5 million by a state, though was valued by Mitra to be much aloft during RM198.9 million. That's a "gain" of RM19.4 million to a state.
Why did Datuk Chua Tee Yong not praise Tan Sri Khalid Ibrahim for his astute business clarity over these pieces of land?
What is critical however, isn't either any of these thirteen pieces of land taken over from Talam Corporation have been valued aloft or lower than a eccentric veteran valuer. What is critical is which a altogether worth of all thirteen pieces of land taken over by a state as allotment for a Talam debts have been fair in value.
In this case, a state ha! s totall ed a combined worth of these parcels of land to be RM676.1 million. However, a really same Mitra Valuers had valued these thirteen parcels of land to be worth RM685.2 million, which equates to which they have been worth some-more than a worth a state has attached to these properties!
In fact, notwithstanding many of these properties carrying been acquired in a 1990s, a book worth of these properties in Talam's financial statement is an even aloft figure, RM690.2 million. This equates to which a state supervision got these pieces of land during a RM14.1 million discount to Talam's book worth of these assets. The upon top of information is publicly available upon Bursa Malaysia, in a Circular to Shareholders upon a Debt Settlement Proposal released upon 15 March 2011.
Datuk Chua in his anxiety to disprove a Selangor state supervision has completely missed a woods for a trees. Or he has motionless to fire blindly, prior to he was means to obtain all relevant information.
As an accountant, Datuk Chua should be giving praise to a Selangor state supervision for not usually being means to recover all a RM392 million debt with Talam, it was means to do so by taking over resources during a lower worth which what they have been worth as totalled by an eccentric veteran valuer, supposed by a Securities Commission!
It would perhaps be some-more productive for Datuk Chua to scrutinise a alternative land exchange which took place during a Barisan Nasional (BN) administration where state land was alienated to their cronies during prices way b! elow mar ket value.
Can Datuk Chua examine or explain how a Tanjong Karang Umno Division paid a reward of usually RM130,244 for a square of 1.2ha blurb land in Apr 2002 notwithstanding a market gratefulness by a state supervision being fixed during RM3.3 million?
Or can Datuk Chua demand burden as well as clarity from a former BN state supervision for alienating an additional square of land to Tanjong Karang Umno Division for usually R! M47,039 when a 0.437ha land is worth some-more than a million ringgit formed upon a state's own valuation?
These dodgy land deals have been exposed by a DAP Sekinchan state assemblyman in a final 2 days. They proved which while a Pakatan Rakyat supervision seeks to maximize returns to a rakyat by securing some-more than what is valued, a BN supervision was a complete conflicting by giving divided huge reward discounts to a cronies.
We have over a final 2 days responded to as well as refuted each singular a single of Datuk Chua Tee Yong as well as a Selangor MCA leaders allegations. None of their accusations of abuse could hold any water. Hence it is time for Datuk Chua as well as his conspirator to be brave as well as bold in confronting up to their mistakes, publicly concur which they were in error as well as apologise to a Selangor state supervision for tainting a great name of a Pakatan Rakyat Selangor government. - tonypuablog Read More @ Source
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Only BN can bring success to Felda, says Najib
These 'pests' have been silenced since a open didn't tumble for their lies. Najib Rajak
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Applying people power to public choice
leads by example
Kit Siang hates 'Mahathirism', but not Dr M
DAP advisor Lim Kit Siang has deserted claims which he "hated" former premier Dr Mahathir Mohamad, clarifying which he was instead against to "Mahathirism" as well as its apparent revival.
In a press recover today, Lim pronounced Mahathir was now working hard to revive as well as barricade Mahathirism in Umno as well as BN's policy.
Lim pronounced which his anti-Mahathirism position is shared by former premiers Tunku Abdul Rahman, Hussein Onn as well as Abdullah Ahmad Badawi.
"Let me assure Mahathir which we do not hate him during all though similar to 3 former budding ministers as well as a infancy of Malaysians in 2012, we am against to Mahathirism as well as its return to Malaysian governing body in 13th ubiquitous election," he said.
Lim pronounced which in recent months, Mahathir had been try to resurrect a "worst strains of Mahathirism", such as stoking racism.
Among examples which Lim listed out includes Mahathir's frequent warnings which a Malays will "los! e power if BN loses a next ubiquitous election, which Prime Minister Najib Abdul Razak is weak, thatreforms could spark unrestand which a Chinese voters will be "kingmakers".
"(These) exhortations... have been not only untrue, many incendiary as well as highly provocative, though all against 5 decades of Malaysian nation-building, his own Vision 2020 of Bangsa Malaysia as well as Najib's 1Malaysia concept," pronounced Lim.
Of late, Lim ! had been hounding Mahathir over his fibre of comments in public as well as on his blog chedet.cc which he argued was an try to change a Najib administration department with his code of politics.
After weeks ofsustained criticismby Lim, Mahathir publicly dismissed a Mahathirism lable, stressing which it did not exist.
Instead, he attributed a Mahathirism lable to Lim, accusing a latter of "hating" him.
"I don't know because he hates me so much," Mahathir told reporters yesterday.
Mahathir additionally denied which he was trying to change Najib, even stressing which if he did, things would be "quite different". Read More @ Source
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Woman sacked for putting too much make-up
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Francine Siddaway wore her "trademark Egyptian-style" make-up to her interview 3 years ago. She also had no complaints from staff or patients, The Sun reported.
She pronounced the Addenbrooke's Hospital in Cambridge sacked her after the sanatorium executive pronounced she refused the "reasonable management request in the form of toning down or dismissal of make-up".
Siddaway is deliberation legal action, as well as pronounced bosses were looking for excuses to cut costs.
She pronounced the move came after 600 staff at the sanatorium were told in May to take the compensate cut or lose their jobs.
"I feel I've been victimised as well as treated appallingly. It is viewable because they've now motionless they have the problem," Siddaway was quoted as observant by The Sun.
The sanatorium executive pronounced the skirt code was "designed to foster the veteran appearance as well as comply with health as well as safety", as well as the sanatorium pronounced all staff members pointer the fo! rm to ad mit receipt of the uniform policy.
Unison, Britain's biggest open zone trade kinship with some-more than 1.3 million members, pronounced it would back Siddaway's fight.
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TERKINI! REMAJA ADALAH KHAZANAH NEGARA YANG TAK TERNILAI!
Perdana Menteri, Datuk Seri Najib Razak, berkata ia tidak boleh hanya dijadikan sebagai aphorism tetapi akan diamal dan dipraktikkan dengan sedaya upaya agar khazanah dan aset berharga negara ini dapat dicanai supaya golongan remaja benar-benar menyinar masa depan negara.
Kita tidak mungkin akan berjaya dalam proses transformasi jika pembangunan modal insan tidak utuh dan kuat.
Sehubungan itu, apa jua aktiviti yang dilaksanakan oleh ahli persatuan beruniform seperti Pandu Puteri dan Pengakap merupakan wacana yang baik untuk mereka menyiapkan diri untuk masa depan, sekaligus mewarisi kepimpinan negara, katanya ketika menyampaikan amanat di hadapan lebih 4,000 ahli Pandu Puteri dan Pengakap sempena Majlis Ekspresi Remaja Bersama Perdana Menteri di Stadium Negara, dekat Kuala Lumpur, petang tadi.
Majlis julung-julung kali yang dianjurkan Persatuan Pandu Puteri Malaysia (PPPM) itu dilhamkan oleh Yang Di Pertuanya, Datin Paduka Seri Rosmah Mansor.
Perdana Menteri berkata lagi, beliau amat tertarik dengan ekspresi yang diluahkan ahli persatuan itu yang ingin berbakti kepada masyarakat, bangsa dan negara selari dengan falsafah persatuan yakni Tolong Orang Selalu.
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Fetish fashion takes over the Berlin underground
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Girls wearing all-leather sado-masochist bodysuits tottered by a sight car, followed by masculine models wearing zero though ornamental lead sculptures around their groin. Models in neon tulle dangled from a subway poles.
Around 600 people showed up for " Underground Catwalk", a ticketed uncover during Berlin Fashion Week that took place entirely upon a sight using underneath a city.
"Because of a special location, models flattering most travel across people's laps. There's shrill music blasting, it's flattering furious and colourful," event director Alexander outpost Hessen told Reuters.
Micaela Schaefer, a German being TV star well known for her self-professed 'fabric allergy' and near-nude appearances, done tabloid headlines by performing in a uncover as a mime Marilyn Monroe in a costume done entirely of artificial blonde hair.
!But " Underground Catwalk" is additionally a forum for young Berlin designers to uncover more classic couture fare without profitable a cost for a conform tent show, pronounced outpost Hessen.
Berlin's conform week, that ends this a weekend, is no showcase for haute couture upon a scale of Paris or Milan.
Though a strong host of young internal designers have significantly lifted Berlin's conform profile in new years, a culture of a conform week remains pick and less focused upon disdainful engineer goods.
"We ! are a pick to Berlin Fashion Week," pronounced von Hessen. "You wouldn't drink champagne here, though beer or whisky."
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SIAPA TOK DALANG YANG CUBA MENIKAM NAJIB DARI BELAKANG NI?
Serangan terhadap Najib,keluarganya serta kepimpinan beliau dilihat begitu tersusun rapi dan sebagai contoh isu lama seperti Scorpene,kematian Alatantunya dan mengaitkan kononnya Rosmah sebagai Perdana Menteri terus dicanangkan.
Pemerhati politik tempatan melihat bahawa ada konduktor sebenarnya yang menjadi perancang kepada segalanya ini malah bukan sahaja isu Scorpene yang sedang hangat diputarbelitkan oleh pembangkang,kebocoran maklumat juga menjadi begitu tidak terkawal sejak akhir-akhir ini malah terbaru pemerhati politik dan rakyat mula berteka teki bagaimana Minit Mesyuarat Pelaksanaan projek MRT boleh jatuh ke tangan pembangkang.
Berbagai-bagai tekanan sedang diberikan terhadap Najib dan kepimpinannya. Berbagai-bagai serangan peribadi sedang dihalakan kepada beliau seolah-olah mahu Najib mengaku kalah
.
Rakyat dibawah menjadi hairan bagaimana dokumen itu boleh berada ditangan Rafizi Ramli dan didedahkan oleh bloger AnakSungaiDerhaka tapi kita percaya kepada kecekapan polis yang pasti akan berjaya membawa tali barut ini ke muka pengadilan.Dan kita sedang menunggu siapa dalangnya?
Itu yang pale baru,sebelum ini bocor juga satu Minit Mesyuarat berkaitan FELDA terutamanya membabitkan penyenaraian Felda Global Venture Holding hingga otak para peneroka ada yang berjaya diputarsongsang oleh pembangkang.
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Anwar hilang kredibiliti bila kata mahu berhenti
Gov't snubs dialogue, Jln Sultan land owners fume
The six agencies have been Kuala Lumpur City Hall (DBKL), Tourism Ministry, Information, Communication as well as Culture Ministry, Transport Ministry, Prime Minister's Department, Land Public Transport Commission (Spad) as well as MRT Corp.
A Spad official was seen at a Kuala Lumpur as well as Selangor Chinese Assembly Hall (KLSCAH) where a discourse was supposed to take place, though left before a event started.
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Nathaniel Puts TALAM in Perspective
July 8, 2012
Nathaniel Puts TALAM in Perspective
(07-07-12)@www.malaysiakini.com
COMMENT: "Confusing" substantially describes many of our primary attempts to get to the bottom of what the deal was between Talam Corporation as well as Selangor.
With the small diligence, transparent thinking as well as attention to item however, many mysteries can be giveaway as well as articulated efficiently.
This essay attempts to explain in easy to assimilate terms the credentials as well as context of this issue, how Selangor recovered the debt due to it by Talam, as well as how this debt liberation differs from the bailouts you have seen during the sovereign level.
In the Beginning
The story starts in the late eighties as well as early nineties, with an operative and project physical education instructor who worked in Selangor state auxiliary PKNS the singular Chan Ah Chye (right).
This man after goes upon to form Talam Corporation, as well as before prolonged presumably due to close connectors with the statute elite in Selangor, then headed by BN Menteri Besar Muhammad Muhammad Taib he becomes the vital player in the Selangor skill as well as growth scene.
Over time, an intensely vast volume of state land is alienated to Talam, who fundamentally gets it for free. A strong imagination is not compulsory to speculate in whose pockets any ensuing distinction in the future ends up.
Talam's! modus o perandi seems to be to oath this land to the bank in exchange for outrageous loans, which they then make use of to financial their growth as well as distinction creation projects. In essence, since they got the land free, they have successfully completed income for nothing (it is uncertain as to whether "chicks for free" were involved).
The 'wise' businessmen of which era believed in the decree of never using your own income when you can make use of someone else's. This difficult lending the singular after an additional to characterize Talam's commercial operation approach, as well as their loans consistently kept removing bigger as well as bigger.
Tumbling down
Of course, no student of brand new economic trends is unfamiliar with the concept of the bursting bubble.
The financial collapse of the late nineties brings Talam's debt-ridden house of cards crashing down. An overgearing of loans as well as inability to use them halts assorted half-completed projects, rendering them idle, half-built ruins.Incredibly however, this does not forestall Talam as well as their domestic patrons from altering their elementary modus operandi.
In 2001, underneath BN Menteri Besar Khir Toyo (left), 3 parcels of land have been alienated by Selangor to Talam around their auxiliary Maxisegar Sdn Bhd, who undertakes to erect Unisel's campus during an estimated cost of RM750 million.
It will substantially come as no warn which Talam failed to finish this project. By September 2006, the association had been classified as an influenced association underneath Practice Note seventeen (PN 17), indicating dire financial straits.
New Sheriff in town
In 2008, when Khalid Ibrahim assumes the Mente! ri Besar 's post, he inherits the situation in which Talam owes the state of Selangor as well as the subsidiaries (among alternative creditors), the good deal of money.
Urban fable has it which when Talam was called in to explain why they have never endeavoured to pay their debts, the humble reply since was, "No the singular ever asked us to."
Thankfully for the citizens of Selangor, there was the brand new policeman in town.
Corporate financial is not usually an area of expertise for Khalid (left) it is the passion. With good gusto, he set out to compromise this problem, as well as recover which which was due by Talam to the people of Selangor.
The complaint was positively challenging, but after the small work as well as clever strategising, the plan was set in to motion.The finish idea was simple: to leverage the resources still held by Talam to pay off the debt Talam due to the Selangor as well as the state subsidiaries.
The technical nitty-gritty
Making this happen was the technically difficult routine which compulsory substantial financial acumen.
The outline is this: firstly, the debts which were due by Talam to Selangor state subsidiaries were scrupulously requisitioned as well as accounted for something that, very suspiciously, had not been finished before. Once these debts were acknowledged by all parties, the debts were combined as well as eliminated to the singular state auxiliary Menteri Besar Incorporated (MBI), which was then obliged for pciking up the debts from Talam in the form of land as well as cash.
The rest of this territory explains how this was done.
It is the tedious as well as formidable explanation, but I list it here for the record as well as for those interested.
Talam due RM392 million to 3 Selangor state subsidiaries: KHSB, PIYSB, as well as PNSB. After acknowledging as well as engagement these debts, the subsequent step was to have an additional state subsidiary, Selangor Industrial Corporation (SIC), squeeze these debts from the alternative 3 companies.
A loan from CIMB Bank of RM 392 million was since to SIC to finish this purchase. In November 2009, the state exco as well as legislative assembly both approved the accede to of RM392 million to MBI, which then used the supports to squeeze the strange combined debt from SIC. SIC then uses those supports to pay off their CIMB loan.
The finish result is as elementary as the contract itself is formidable but any vital or excessive transactional expenses, Talam right away owes the same volume of income to just the singular state subsidiary, instead of the strange three.
Restructuring as well as successful collection
It is important to note which during no point have been supports eliminated from taxpayer monies to Talam. Funds have instead usually been eliminated from the singular pocket of the state to another.
This differs wildly from sovereign bailouts of corporations similar to Indah Water Konsortium, MAS, or the Putra/Star LRT, where taxpayer income was injected directly in to companies which had substantially lost untold amounts around mismanagement, corruption as well as plundering.
The transfers in the Talam debt restructuring allowed for the make up in which there is the transparent confirmation as well as accounting for the RM392 million due by Talam, as well as the singular association for them to pay it to.
The story does not finish there.Another intensely important milestone in this story i! s which MBI has in fact already succeeded in recovering all RM392 million in debt due by Talam.
For those who would similar to to keep score, this liberation came in dual forms. RM340.88 million was recovered around acquisition of land as well as assets: 1,322 acres of land in Bukit Beruntung value RM150.28 million, 2,264 acres of land in Bestari Jaya value RM105.3 million, 400 acres of land in Ulu Yam as well as 60% equity in Ulu Yam Golf & Country Resort value RM22.2 million, 134 acres of land in Danau Putra value RM52.1 million as well as five bureau units in Menara Pandan value RM11.1 million.
The superfluous RM51.12 million was collected in cash: RM12 million from sales of land in Puncak Jalil, RM5 million in income assignments from EON, RM7.68 million in payments by Unisel for earthworks, RM9.04 million from the sale of 25.94 acres of land in Bukit Beruntung, as well as RM17.4 million from sales of 218 acres of land in Bestari Jaya.
Go ahead, equate it it's all there.
Facts trump hype again
How can you summarize this? For some-more than the decade underneath BN, the singular house due the state hundreds of millions of ringgits.
Within the year or dual of taking over, Khalid managed to pick up upon these debts, now augmenting the volume of income accessible to spend upon gratification programmes throughout Selangor.
Scandal?
Yes, it's the scandal which Talam was allowed to get the giveaway lunch it did underneath BN, as well as it's the scandal which it took this prolonged for to emanate the shift in government which succeeded in cleaning up the mess.
It would be scornful to indicate which this essay is patrician privately in the hopes which Chua Tee Yong (left) wo uld take the time to carefully peruse the contribution within. Nevertheless, maybe he might find the exercise profitable in his longer tenure efforts to maintain what small credit he has left.
Said credit is shrinking during about the same rate during which he is shortening the volume of income claimed to be 'misused' by Selangor from RM1 billion, to RM260 million, to RM42 million. Before long, he might have to magnitude in sen instead.
Perhaps Chua fancies himself the Rafizi Ramli. What he fails to assimilate however, is which Rafizi's exposes have been not just all about 'glamorous' press conferences as well as big numbers. Behind each display is the ton of tough work as well as solid research.
Behind Chua appears usually to be blind aspiration which extends distant over ability, as well as the shameful mainstream media which think which hype can overturn facts.
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Orang Melayu jangan takut sama DAP. Takutkan Malaysia Politics yang sudah belot (VIDEO)
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Tony spins, Tony takes it up
Very really happy over a visualisation today. And intensely happy which full trial brought forward to 21 March.The good do always eventually win.
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Mana cerita Pakatan sediakan pendidikan IPT percuma?
KUNYIT BERAPI! APAHAL EITQA INSURANS DOK SPONSOR PAKATAN HARAM NI?
Kalau ini benar berlaku, elok BOIKOT ETIQA TAKAFUL dan insuran nih ! Dah takde orang lain lagi ke NAK DI BAWAK SEMBANG kata blogger GAP!
Apa yang special sangat si Abby yang kuat main jantan muda ni? dia nak sembang cara-cara pikat janan muda ke? Kalau benar benda ni dianjur oleh ETIQA, maka pihak bertanggungjawab kena ambil tindakan sewajarnya. Ini syarikat milik PNB, iaitu syarikat kita yang ada saham dalam ASB ka, ASN ka, so kita berhak tolak politiking dalam syarikat ini
Lagipun puak PAS tak mau masuk ASB dan ASN atau yang lain-lain. Haram kan? So?
BIG BOS ETIQA tak boleh monitor ke?
Tony spins, Tony takes it up
Very very happy over a visualisation today. And intensely happy which full trial brought forward to 21 March.The great do regularly eventually win.
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Be cool in God's country
Notice Ayub's unfortunate preference of words, "The Syariah Criminal Code (II) 1993 State of Kelantan does not reflect a loyal mandate of Islam. It creates taste in terms of execution (among Muslims as good as non-Muslims)."
In alternative words, it's "unIslamic" to have a set of laws which discriminates in in between Muslim as good as non-Muslim as good as since this is Malaysia, in in between Malay as good as non-Malay. Do we see where I'm going with this?
Like many Umno politicians Ayub does not see a counterbalance in in between a Umno obsession of upholding Malay rights, which in turn is translated into unaccepted as good as central institutionalised discrimination, as good as a supposed egalitarian perspective of Islam.
Never mind which Ayub has conceded which a Islamic policy of his own Umno is, well, unIslamic following a strict criteria of his own definition.
Prime Minister Najib Razak might crow of a "moderate" Islam used here in Malaysia though a being is which a Arabisation routine has taken root as good as a statute system of administration is ever peaceful to make use of it as a weapo! n of fea r opposite Muslims as good as non-Muslims, as we wrote in myfear enlightenment piece.
Ayub's handbill is one of many politically motivated provocations meant to stimulate a multiracial/religious Malaysian nicely into reliving their long buried secular or eremite nightmares. Nightmares which usually Umno as good as a power-sharing regulation can defense them from. Unfortunately for Umno, this does not go down well, with a sizeable territory of a choosing by casting votes public which considers anything entrance from Umno as anathema.
I roll my eyes during your convenience we hear a common give up by this system of administration as good as a little others who put up with in a many grotesque poise in a name of Islam as good as nonetheless explain which theirs is a sacrament of "peace".
When we have those paragons of purity during University Putra Malaysia indulging in anorgy of hateagainst a LGBT (lesbian, gay, bisexual, as good as transgender) village as good as 'immigrant ethnicities' as good as a budding apportion dogmatic which there isno place in Malaysiafor a LGBT community, while members of his own celebration have been disseminating a "pendatang" narrative, who could honestly make a evidence which a kind of Islam promulgated by Umno is anything though divisive to this country?
The pinkish elephant in a room
But what is many offensive about this total contemptible mess is which a real targets of these hate campaigns have been Bersih co-chairperson Ambiga Sreenavesan as good as a various 'opposition' personalities. Whatever material repairs is accrued as distant as marginalised communities have been endangered is par for a march as distant as Asian values go.!
Non-Malay/Muslim bigots have be! en utter ly content to let their Malay/Muslim counterparts explain a field, all a while basking in their supposed thorough tongue which seems to usually revolve around corruption as good as a division of a mercantile cake instead of any real philosophical beliefs which would need postulated commitment.
DAP chairperson Karpal Singh is regularly accused of rocking a Pakatan Rakyat boat during your convenience he keeps PAS upon a true as good as slight 'secular' road as distant as their Islamic preoccupations have been concerned, though with Umno ever ready to fool around a Islamic certification card, Pakatan partisans should throw their support behind politicians similar to Karpal during your convenience PAS shows any signs of wavering.
And let's face facts, Pakatan loyalists would similar to to put this total 'Islamic' state emanate upon a backburner though with a likes of PAS ulama arch Harun Taib stirring a hudud pot for whatever reasons, we omit a pinkish elephant in a room during a own peril.
Add to this PAS devout personality Nik Aziz Nik Mat"congratulating"Umno for attempting to impose hudud in Johor as good as one can't tell if a diversion of eremite chicken is being played or is there a little darker sinister agendas during work.
I have good known for as good many loyal believers in PAS who hold which a idea of an Islamic state supercedes which of any multireligous/racial convictions of Pakatan! . Even w orse, we know a couple of successful Umno diehards who have been sympathethic to those aims.
With former budding apportion Dr Mahathir Mohamad dogmatic Malaysia an Islamic state as good as a Islamic 'Hadhari' of his evident successor, thoughtfu! l observ ers would assimilate which a conflict for Islam is not merely an Umno as good as PAS emanate where it is easy to select sides, though rsther than a ticking time bomb which can usually be defused if as good as when as a nation we select to plunge into this emanate once as good as for all.
All this is really comical of march entrance right after Najib advised his Umno brethren to"cool it"as distant as provocative "racial" statements have been concerned. Notice Najib's rsther than unfortunate preference of words.
"We would similar to to remind a members to not emanate any statements which hold upon sentiments of any competition or anything which can means problems in in between BN member parties," he said.
In alternative words, Najib is usually endangered of "the problems" as it relates to a workings of his member parties as good as not to a incomparable multiethnic Malaysian community. Just to criticise a point.
Something is usually 'racist' (for example) if it is tangible by BN member parties as good as consecrated by Umno. Non-BN supporters have been left totally out of a loop. And who exactly have been these 'members'? Do they include members who go to right-wing Malay rights groups? Former budding ministers?
Mahathir's biggest hits
Mahathir is reviving his biggest hits pick up when he attacks a Chinese village wi! th a o verused canards of minority subversion as good as dominance. 'Kingmakers' he shrilly proclaims them while in a belly of a Umno beast -Utusan Malaysia- a editorial warlocks stir a cauldron of community fears of Machiavellian alliances in in between a Houses of DAP as good as PAP.
The account is si! mple. Th e Malays have been splintered during a mercy of a diabolical Chinese 'pendatangs' who wish nothing some-more than to physically as good as psychologically enslave them. The Malays have been weak as good as usually Umno can protect them. So what if Umno gets rich in a process? Doesn't this 'service' need remuneration?
As has been demonstrated innumerous articles, Mahathir gets a math wrong as distant as a kingmaker demographic goes. But wonky numbers has never deterred Umno from spinning a horrible lie. This total nation is built upon dodgy numbers.
The same account applies to a way how Islam is used in this nation as good as a rest of a universe where tyrannical regimes in all their banal varieties hold sway. The true need to be protected opposite anything which would shake their faith. If their conviction in Islam is shaken, what afterwards of their conviction in a statute classes which duke it over them?
All this 'kingmakers' talk contingency really piss off a Hindraf lads. If a Chinese have been a kingmakers, what afterwards of a poor Indians? And it does seem unfair. So-called Chinese advocacy groups have been in general timid as good as cautious when criticising a regime.!
And who could blame them, deliberation a firepower opposite them. They might not in being be a transparent as good as present danger to a Umno system of administration though they have been anointed as such as good as all a state's promotion organs have been during work portraying them as placing a destiny of a Malay nicely in harm's way.
But if we really wish to read a bleeding edge in secular as good as eremite discourse, we should check out a Human Rights Partywebsiteand a commentary by a Hindraf faithful.
Whatever my criticisms of Hindraf, usually they have had a cojones to rage opposite a Umno machine in an open as good as central demeanour ! instead of a underling rosa tongue which maybe even we am guilty off. If they ever get a support of a infancy of Malaysians, they will indeed be a transparent as good as present danger which Umno so fears.
Even RPK (blogger Raja Petra Kamarudin) has taken a stab during a Indian as good as Chinese communities. At slightest in this courtesy a Indians have been not left out. And this makes me happy.
His blog post about how a Indians as good as Chinese have been to "blame" for gripping Umno in energy was anextremely droll read. Like Mahathir, he gets a demographic numbers wrong though afterwards again Pete (as he is fondly known) was never a numbers guy. His forte is stirring a shit as good as saying who complains of a smell.
Why should RPK get all a brickbats? we have some-more or reduction made a same evidence in many of myMalaysiakinipieces. we have discussed a complicity of a Chinese as good as Ind! ians com munities of sustaining Umno hegemony with their obsessions upon their community preoccupations tangible by Umno. we have heaped ridicule upon those who complain though don't vote.
I have pointed to a worried fact which there were regularly antithesis parties (who might have played a diversion badly, though afterwards again how good was BN playing?) though not sufficient antithesis support.
Of course, a Malays as good as a opinion banks in Sabah as good as Sarawak have been part of a numbers diversion though let's combine upon those vocal communities who define (for improved or worse) competition family in Malaysia. Spare me "we voted out of fear" or a countless alternative BS rationales for choosing by casting votes BN since a common justification of former BN electorate was which "we do not have a credible opposition" (sic).
At a end of a day, it's all about income anyway. Whenever we see these political or eremi! te sorts pontificating about eremite or informative values, one should cruise this Dorothy Parker quote as dictum rsther than than bon mot, "If we wish to know what God thinks of money, only demeanour during a people he gave it to."
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