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Showing posts with label Muhyiddin. Show all posts
Showing posts with label Muhyiddin. Show all posts

Wednesday, February 22, 2023

Heavily corrupt Washington cannot produce resonating anti-graft dramas: The Knockout 狂飙; Muhyiddin's right hand man arrested

 

 

 最近《狂飙》很火,大家都看了吗?这部剧主要从2000年、2006年、2021年三个时期展开,讲述了高启强从下岗工人到黑社会老大的故事,为什么是这三个时间点?剧中有很多情节突兀的地方又该如何解释?结合原著小说和当时的社会状况来看,这些问题就清晰多了

 《狂飙》这部剧确实是难得一见的好,怎么说呢,它完全让我感受到了那种国产老剧的细致、认真与有格调! ✨ 主要内容 ✨ 00:34 剧情介绍 01:37 细节1-3 03:00 细节4-6 04:25 细节7-9 06:32 细节10-12

 


The Knockout Photo: VCG The Knockout Photo: VCG

No matter how some US media outlets use malicious labels to describe Chinese anti-corruption dramas, one thing is indisputable: The US, under the current corrupt political system and toxic political environment, will never be able to produce a similar drama that can resonate strongly with the public.

A February 18 article in Foreign Policy, entitled "China's Newest Action TV Show Is a Propaganda Hit," laid its eyes on the recent hit Chinese TV series The Knockout. It argues that "at base, The Knockout is a tribute to Chinese leader Xi Jinping's anti-corruption campaign," adding that the TV drama is "part of a broader campaign to popularize propaganda in Chinese film and TV."

The Knockout is among a number of Chinese dramas under the theme of anti-corruption that have received positive reviews and high ratings in China in recent years. The popularity of these series reflects the Chinese public's particular interest in the country's campaign against corruption.

Chinese officials often play a pioneering role in society. As China has a massive officialdom system, how these people behave is closely linked to the ethos of the whole country. It can even be said that, to a large extent, the fight against corruption in China determines the future of the Chinese system.

The Chinese anti-corruption hit dramas are a projection of the country's anti-corruption achievements under the leadership of the Communist Party of China (CPC) in the cultural field. It also demonstrates that China's anti-corruption efforts have been well-acknowledged by the Chinese people.

The success of China's anti-corruption campaign has purified the country's political system, making the society healthier and more vibrant. It has earned more prestige among the people for the Chinese government and the CPC, enhancing the cohesion of the society.

Yet, based on ideological judgments, some Western media have labeled China's anti-corruption dramas as "propaganda." They obviously view China's political environment through tinted glasses as usual and nitpick China's achievements. This only exposes their extreme strategic selfishness and dark mind.

If we take a look at the popular US series that focus on their politics, such as House of Cards, what we will see is the exchange of political interests and the struggle for power in the US. This mirrors the dirty, dark and degenerate side of the US game for power. However, unlike the celebration of anti-corruption achievements in Chinese dramas, these series give viewers only a strong sense of powerlessness.

Fan Peng, a research fellow at the Institute of Political Sciences of the Chinese Academy of Social Sciences, told the Global Times that the relationship between individual officials and the official system is like the one between trees and forests. The one who fights corruption is exactly the "owner" of the forest, the CPC. Aiming at the whole forest, it tries to eliminate all the rotten trees. Such a dynamic force is the core of China's anti-corruption effort.

But that's not the case in the US, a country plagued by systemic corruption. Their ideology leaves no space for self-correction or self-revolution, Fan noted. This makes it impossible for Washington and its politicians to handle corruption the way Beijing has been doing.

Showing no hope of change or improvement, series like House of Cards can only strengthen the US public's perception that their government and politicians are terrible in nature, continuing to lower their trust in Washington and US politics.

Just look at how US politicians reacted in several recent series in the US. In the dispute over a "wandering balloon" with China, some of these people displayed extreme hysteria and unreasonableness. In the Ohio train derailment, some were either indifferent to the health and safety of the people, while some started their playacting only after the incident had made headlines, acting as if they valued the public's interest. Which type of these politicians cannot be found in House of Cards? How can Americans believe in the US system in light of this?

Fan says that another major premise for China to produce anti-corruption dramas is that the literary and art circles in China create cultural products from a position of righteousness. The US can celebrate individuality and rights, but no one dares to challenge corruption from a social justice perspective.

"The US is so torn up that all of its narratives come from only parts of its society. There is always otherness in such a narrow perspective. Therefore, one should not expect the US to produce a drama like The Knockout," Fan noted. 

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Muhyiddin's right hand man arrested - The True Net

The True Net

https://www.thetruenet.com/


How The Ex-PM Solicited RM4.5 Billion Bribes In RM92.5 Billion Covid-19 Stimulus Scandal..


https://www.thetruenet.com/opinion/perspective/muhyiddins-right-hand-man-arrested/


Why was Muhyiddin Yassin so power-crazy that he willingly betrayed friends and allies in Pakatan Harapan, leading to the collapse of the democratically-elected government after j……

How The Ex-PM Solicited RM4.5 Billion Bribes In RM92.5 Billion Covid-19 Stimulus Scandal..

Why was Muhyiddin Yassin so power-crazy that he willingly betrayed friends and allies in Pakatan Harapan, leading to the collapse of the democratically-elected government after just 22 months? Why was he so obsessed with power that he didn’t mind being laughed as the first backdoor prime minister? Why was he so daringly ignored multiple royal decrees, just to cling to power during his 17-month regime?

Why was the former premier so afraid of sharing power with Pakatan Harapan leader Anwar Ibrahim despite a royal decree by the King to form a unity government following the 15th General Election that produced a hung Parliament? More importantly, why is Muhyiddin’s Perikatan Nasional still desperately and shamelessly wants to snatch power through backdoor again?

All the answer can be found after the Malaysian Anti-Corruption Commission (MACC) arrested a chief executive officer of a private company on Thursday (Jan 5) night. The 42-year-old man was detained over his role as “middleman” in brokering government projects related to Covid-19 stimulus packages worth RM92.5 billion (US$21 billion) in exchange for bribes.

The suspect – Adam Radlan Adam Muhammad – turns out to be Muhyiddin’s right-hand man. A former chief executive of Maju Assets Sdn Bhd, Adam is also Segambut divisional leader of Muhyiddin’s political party – Bersatu (Malaysian United Indigenous Party). The best part is Adam is the cousin of Muhyiddin’s son-in-law, Muhamad Adlan Berhan, who in turn was involved in several scandals.

Adlan married to Muhyiddin’s daughter, Nabilah, who is a shareholder of Agathistwo Jia Sdn Bhd, a company involved in the scandalous RM1.2 billion NIIS (National Integrated Immigration System) concession. The NIIS was hatched by Muhyiddin (then-Home Minister under the Pakatan Harapan government) after cancelling its predecessor Sistem Kawalan Imigresen Nasional (SKIN).

Muhamad Adlan was also linked to 1BestariNet, a 15-year project worth RM4.47 billion introduced by then-Education Minister Muhyiddin in March 2011 to provide 4G broadband connectivity and virtual learning environment (VLE) to 10,000 government schools nationwide. However, the “failed project”, awarded to YTL Communications, has been plagued with slow internet access and problematic Frog VLE, which could easily be replaced with Google Classroom.

Adam Radlan’s involvement in Muhyiddin’s web of cronyism, nepotism and corruption was exposed after Muhyiddin-led Perikatan Nasional coalition failed to form a government post 15th General Election. And this is precisely why the former backdoor prime minister desperately wanted to return to power by hook or by crook – to “cover up” the skeleton in the closet.

So, how did Mr Mahiaddin (Muhyiddin) become billionaire during his 17-month short stint as 8th Prime Minister? From the beginning, he saw the golden opportunity to make tons of money from the Covid-19 pandemic. Unlike his former boss Najib Razak, he did not need a complicated project like 1MDB to steal and plunder the national coffers. He just needed to rule with absolute power under a State of Emergency.

It was Muhyiddin himself who bragged in April 2021 that the Perikatan Nasional backdoor government under his leadership has splashed more than RM600 billion (RM340 billion in economic stimulus packages and RM322.5 billion for the 2021 Budget to fight the Covid-19 pandemic). The scam was to boastfully create a narrative that massive of funds were used to help people and rescue the economy.

But when opposition Pakatan Harapan return to power after the Nov 2022 national election, all his lies and corruptions are exposed. Newly crowned PM Anwar revealed at a media conference on Dec 5 last year that the Finance Ministry had informed that there had been several breaches involving the Covid-19 funds. Panicked, Muhyiddin screamed that he did not steal any money.

Suddenly, Muhyiddin admits there was no such thing as RM600 billion, contradicting his previous claims. He said it was only RM530 billion. Even then, he played down the numbers. Spilling the beans, he said his administration had only spent RM83 billion in fiscal injections. This means Muhyiddin’s government did not actually help the people to the tune of RM530 billion as shamelessly trumpeted.

However, the Malaysian Anti-Corruption Commission (MACC) has confirmed it will now focus its investigation on the RM92.5 billion directly funded by the Muhyiddin regime after it was established that RM437.5 billion was not from the government. Still, the difference between MACC’s RM92.5 billion and Muhyiddin’s RM83 billion means about RM10 billion might have gone “missing”.

But there are already problems with the dubious spending of RM92.5 billion funds. Unlike Najib’s 1Malaysia Development Bhd (1MDB) scandal, Muhyiddin used traditional low-tech tactic to enrich himself and his families. Adam Radlan was sent out as his representative to connect contractors with high-ranking government officials before projects were distributed.

After the MACC raided 8 government agencies and 9 companies in December 2022 as part of its investigation into the suspected misappropriation of RM92.5 billion by the Perikatan Nasional government during its 33-month rule, it was found that at least 5 middlemen of several companies were involved in obtaining projects worth between RM50 million and RM500 million through direct negotiations.

Contractors who have been questioned by the anti-graft agency admitted that they agreed to pay a commission of 3% to 5% to secure projects from those middlemen. But the fact that only Adam was arrested so far suggests that the Muhyiddin’s proxy could be the key man on top of the food chain. It would be interesting to see if other middlemen would turn witness against the corrupt ex-PM.

The commission means more than RM4.5 billion had been paid to Adam and his band of middlemen, who clearly collected the bribes on behalf of Muhyiddin between 2020 and 2022. But get your popcorn because the fun has just begun. About 90% of the projects obtained via direct negotiations had not been executed as no acceptance letters (P.O. or Purchase Order) were issued. What does this mean?

This means about RM4 billion had already been paid by contractors to Muhyiddin and his gang of crooks, but all the 90% projects cannot take off. The dirty money had been deposited into the account of a political party, believed to be Bersatu. Hence, Muhyiddin is in deep shit as the furious contractors might turn witness, not to mention the money trail leading to his party.

Perikatan Nasional, comprising mainly Bersatu and PAS Islamist party, had bet the wrong horse. It thought at worst case scenario, the same Malay-centric political parties – UMNO, Bersatu and PAS – would form a government again after election, the same way they did in March 2020 (Muhyiddin became the 8th Prime Minister) and in August 2021 (Ismail Sabri elevated as the 9th Prime Minister).

The contractors similarly had bet the wrong horse that Perikatan Nasional would be part of the federal government. Now, not only they won’t get the projects, the money they had paid disguised as “political funding” to Muhyiddin to fund his lavish election campaign, including buying Malay votes at RM350 per pop, have gone up in smoke. Muhyiddin has already pocketed RM4 billion – in offshore accounts.

While 3%-5% commission was solicited for Muhyiddin, the middlemen and government officials demanded at least RM200,000 for themselves just to grant a meeting with every contractor – “without guarantee” that they will get projects linked to the RM92.5 billion stimulus programmes. This is how everyone benefited from the gravy train during the backdoor regime.

A good example that leakages occurred was the RM7 billion contracts approved under the RM15 billion flood mitigation project that were awarded through direct negotiations (in exchange for kickbacks) to dubious companies like Mangkubumi Sdn Bhd. Exactly how could Mangkubumi won the deal when it has been involved in a court case for illegal money laundering as much as RM139 million?

Adam Radlan, who has since disabled his Instagram, is also a council member of the Tan Sri Muhyiddin Charity Golf Foundation. Without Muhyiddin’s protection, he was dressed in the MACC’s iconic orange suit and will be charged under Section 16(a) of the MACC Act 2009, which provides imprisonment for up to 20 years and a fine of up to 5 times the amount of the bribe, or RM10,000, whichever is higher, upon conviction.

When Muhyiddin claimed that he was not afraid to be investigated, he lied. He was incredibly terrified, but as usual, trying to play poker with the new premier. Thinking PM Anwar was bluffing, he has even challenged the prime minister to prove it. The PM warned Muhyiddin not to challenge him as he has all the files and evidence. A month later, Muhyiddin son-in-law’s cousin has been nabbed.

The new unity government has not even started exposing how Muhyiddin obtained proceeds from gambling companies to help finance the 15th General Election campaign. Under Muhyiddin government, special lottery draws were increased from 8 to 22, despite the anti-gambling stance of Islamist party Parti Islam SeMalaysia (PAS), which is part of the ruling Perikatan Nasional coalition.

The special draws, designed to boost the government’s revenue, contributed RM80 million in extra revenue for the government in 1999 (the year it was first introduced during the premiership of Mahathir). Revenue reached as high as RM238 million in 2017, and averaged RM200 million a year in recent years – money that enabled Bersatu and PAS spent lavishly.

Another dumb person who kept shooting his own foot is former finance minister Tengku Zafrul Aziz. Trying to protect his former boss, he said there was nothing suspicious in the Perikatan Nasional-led government’s management of funds when it was in power. The clueless and incompetent Zafrul might have signed some documents that could come back to haunt him. 

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Wednesday, November 23, 2022

From villain to ‘King Zahid’ to gain powers that corrupt absolutely


 villain

 "Are we supposed to forget what they said during the campaign? Whatever principles left in politics has been thrown out of the window” - Dr Azmi Omar. 

Ahmad Zahid has been caricatured as “King Zahid” and wearing a crown, with leaders of the two coalitions on their knees, begging for his support.

 Umno was painted as racist and corrupt beyond repair and Ahmad Zahid was vilified as a bandit, thief and kleptocrat.

Yet, both Anwar and Muhyiddin were going all out to get Umno onboard. It is unbelievable how principles have been compromised to gain power.

 A WEEK is a long time in politics and this could be the longest week ever as Malaysians wait to know who will be the next prime minister.

It is also a terribly confusing time with conflicting news reports about who has the magic number of 112 MPs as well as unverified claims that Pakatan Harapan leader Datuk Seri Anwar Ibrahim had been appointed the 10th prime minister.

Finally, Anwar himself cleared the air outside the Palace gates, quipping that the post was still “vacant”.

Anwar, looking every inch the prime minister he is aspiring to be, was upbeat and it is quite evident that Pakatan, as the biggest coalition with 81 seats, has been given first option to try to form a government.

It is not an easy task and Malaysians will be on the edge of their seats for a few more days.

The irony of ironies is that Barisan Nasional, the biggest loser, has become the kingmaker that both Anwar and Muhyiddin are desperately wooing.

Barisan, with 30 MPs, was deeply divided. Some wanted Pakatan, some preferred Perikatan Nasional and some wanted to accept the opposition role.

The Barisan supreme council, which met yesterday, decided that whatever happens, the coalition will move as one.

Barisan deputy chairman Datuk Seri Mohamad Hasan’s stand is that the coalition is ready to be a responsible opposition.

“Let Pakatan and Perikatan proceed to form the government since they won the most votes. We are prepared to be the opposition and to check-and-balance the new government,” said the Rembau MP.

He said his coalition respects the democratic process and the fact that voters had chosen Pakatan and Perikatan.

The election results showed that voters did not want Umno in the government. They had given Pakatan 81 seats and Perikatan 73 seats.

Moreover, the Umno base had imploded in anger over their president Datuk Seri Dr Ahmad Zahid Hamidi’s earlier push to go with Pakatan.

The Umno base dislikes DAP and has been long weary of Anwar.

“We lost half our votes to PAS because we could not defend Zahid. We will lose the remaining half if we work with Pakatan and we will be swallowed if we join Perikatan,” said an Umno politician from Kelantan.

The advantage of going with Pakatan is that there would be no overlapping interests in terms of the support base.

On the other hand, being part of Perikatan has been compared with selling “goreng pisang” or fried bananas to the same Malay kampung, that is, fighting over the Malay market share.

The long and short of it is that voters, including the Malays, rejected Umno and it would be shameful to sneak back into government by the backdoor.

The fierce horse-trading has been a rude awakening for many Malaysians.

The party that Pakatan and Perikatan had condemned throughout the campaign was being courted as though it is a beautiful virgin bride.

Umno was painted as racist and corrupt beyond repair and Ahmad Zahid was vilified as a bandit, thief and kleptocrat.

Yet, both Anwar and Muhyiddin were going all out to get Umno onboard.

It is unbelievable how principles have been compromised to gain power. At least with Mahathir in 2018, they laid the cards on the table for voters to choose.

“But this time, they said no ‘kluster mahkamah’, they campaigned against corruption. We voted for one thing, but they were going to give us something else,” said Dr Thor Teong Ghee, the CEO of a charity healthcare centre in Penang.

Ahmad Zahid has been caricatured as “King Zahid” and wearing a crown, with leaders of the two coalitions on their knees, begging for his support.

It must be said that although Muhyiddin reached out to Umno, he drew the line on working with Ahmad Zahid.

In Perak, Umno and DAP supporters are still reeling with shock over the new Umno-Pakatan state government. The two parties were going at each other tooth and nail, but are now cuddling in bed.

“Are we supposed to forget what they said during the campaign? Whatever principles left in politics has been thrown out of the window,” said political commentator Dr Azmi Omar.

Just days ago, the Umno campaign had slammed DAP as racist and anti-Malay.

Perak DAP chief Nga Kor Ming, on his part, had jokingly told a ceramah: “Buy one, free one. Vote for Barisan, get Zahid for free.”

Now that the joke has become reality, Pakatan supporters are scrambling to do damage control and justify the U-turn.

“Democracy has a way of humbling those who talk big. Some say it is hypocritical but what we are seeing now is realpolitik,” said senior fellow at ISIS, Eddin Khoo.

Even PKR superstar and Pandan MP Rafizi Ramli was not spared.

He had declared that he would be the first to speak out if Anwar tried to work with Ahmad Zahid. A photograph of him shaking hands with Ahmad Zahid at the Pakatan-Barisan meeting yesterday drew a flood of comments.

Putrajaya is a glittering dream and politicians will do anything to achieve the dream.

But the onus is not on the loser to help form the government. Barisan was rejected by voters, it belongs on the opposition bench.

The onus is on the big winners to work together and sort out the mess.

The views expressed here are entirely the writer's own 

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Wednesday, August 11, 2021

SOPs eased for fully vaccinated, here are the key points

 

PETALING JAYA: Covid-19 restrictions will be eased starting Tuesday (Aug 10) for those who have been fully vaccinated, announces Tan Sri Muhyiddin Yassin.

The Prime Minister said that among the restrictions being lifted were inter-district and interstate travel for long-distance couples, and prayers in houses of worship as well as the ban on dine-ins (for states under Phase Two and above of the National Recovery Plan).

Muhyiddin also said the Covid-19 digital vaccination certification will be used to verify an individual's immunisation status to the authorities.

He explained that individuals would be considered fully vaccinated 14 days after receiving the second dose of either the Pfizer, AstraZeneca or Sinovac vaccines, and 28 days after being jabbed with the single-dose Johnson & Johnson or CanSino vaccines.

Parents who are fully vaccinated will be allowed to travel across borders and states to meet with the children below 18-years-old, he added.

Long-distance married couples who are fully vaccinated will be allowed to travel across districts and states to meet each other, he said.

He said individuals who wanted to travel across borders must show their digital Covid-19 vaccination certificate to enforcement officers manning roadblocks.

At the same time, Muhyiddin also said that for all states, fully-vaccinated Muslims will be allowed to perform solat prayers in mosques and suraus.

Mosque and surau authorities must ensure that SOPs are strictly adhered to at all times and Muslims who come for solat prayers must show their digital Covid-19 vaccination certificate.

He also said the same applies to non-Muslims, where they will be allowed to visit their respective places of worship.

"The implementation of this at non-Muslim places of worship is subjected to the purview of the respective state religious authority and also the National Unity Ministry."

Muhyiddin also advised Malaysians to only dine-in when they need to, and choose premises with good ventilation systems.

"I would also like to propose to food premises operators to prepare more outdoor eating spaces in order to ensure good ventilation.

"We understand that the risks of spreading Covid-19 is high in indoor premises compared to outdoors."

Muhyiddin also said married couples who were fully vaccinated and would like to bring their children below the age of 17 along for dine-ins must strictly abide by the SOPs.

The Prime Minister also said sports without physical contact and recreational activities would be allowed in states under Phase Two of the NRP onwards from 6am to 10pm at outdoor and half-indoor areas.

Dine-ins at restaurants or cafes at clubhouse premises will be also be allowed and customers must show their digital vaccination certificate to verify immunisation status.

However, Muhyiddin said changing rooms and showers at clubhouse premises will not be allowed, in order to avoid groups gathering after sports which could cause the transmission of Covid-19.

The allowed sporting activities include jogging, exercising, taichi, cycling, skateboarding, fishing, equestrian, archery, hiking, singles tennis and badminton and golf, among others.

Meanwhile, Muhyiddin also said tourism activities involving homestays and hotels within the same state will be allowed.

"Homestay and hotel operators must ensure that those patronising their premises must show the digital Covid-19 certification to prove that they are fully vaccinated," he added.

Muhyiddin also said more details would be announced soon by the National Security Council (NSC).

He also said further easing of restrictions on economic sectors were currently being mulled by the government, and an announcement will soon be made.

Muhyiddin stressed that the loosened restrictions did not mean Malaysians can ignore SOPs to curb Covid-19, as there is still a high risk of contracting Covid-19 through dine-ins and sporting activities.

He said he has ordered the relevant ministries and agencies to ensure strict enforcement of SOP compliance in order to avoid Covid-19 infections.

"The government will not hesitate to retract all the loosened restrictions announced if there is non-compliance with the SOPs," he added.

If there were new infections at these premises, Muhyiddin said the Health Ministry will immediately take appropriate action such as risk assessment, which could lead to the closure of the said premises or compound notices to be issued.

Muhyiddin also stressed that Malaysians have a collective responsibility in combating Covid-19.

"The loosened restrictions are proof that the government is confident that Malaysians who received full vaccination doses can make their own risk assessment rationally.

"God-willing, we will win together," he said.

All states are under Phase 2 and beyond of the NRP except for Selangor, Kuala Lumpur, Negri Sembilan, Kedah, Johor, Malacca and Putrajaya.

Muhyiddin also said fully-vaccinated travellers from overseas coming to Malaysia, including Malaysians returning from abroad, will be allowed to self-quarantine at home.

Below is the full speech by the Prime Minister:

FULL TEXT

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Thursday, July 30, 2020

Three-month loan moratorium extension for those in need

https://youtu.be/wT4fZ9IcR6c

https://youtu.be/nzqy79-m8Z0



Extension for those in need | The Star


Rapt attention: Laundrette worker Amira Wahida Osman watching the Prime Minister deliver the special announcement on the loan moratorium in Putrajaya. — MOHD SAHAR MISNI/The Star

The move is expected to benefit some three million individuals and businesses


KUALA LUMPUR (July 29): Prime Minister Tan Sri Muhyiddin Yassin today announced that banks will offer a three-month loan moratorium extension and assistance to targeted groups in view of the current tough economic times.

The move is expected to benefit some three million individuals and businesses, particularly those who suffer pay cuts and are unemployed due to the Covid-19 pandemic, according to Muhyiddin, who had a live televised speech this afternoon.

Muhyiddin said the decision was made following a discussion with the finance minister and Bank Negara Malaysia on further measures to help borrowers that still need assistance when the six-month moratorium ends on Sept 30.

The Covid-19 lockdown measures enforced over the last few months have presented an unprecedented challenge for small businesses in Malaysia.

The blanket six-month moratorium was granted by banks in April.

"Individuals who have lost their jobs in 2020 and remain jobless are eligible for the targeted moratorium extension of three months. After three months, the moratorium could be extended further at the banks' discretion depending on the borrowers' situations.

"Those who are employed but have had their salaries reduced due to Covid-19 pandemic will be granted lower loan instalments in tandem, depending on the types of borrowings. For example, for home or personal loans, the monthly instalments will be reduced at the same rate as the salary reductions.

"This assistance is for a period of at least six months and an extension can be given subject to the current salary situations of the individuals concerned," Muhyiddin added.

Apart from the two groups, Muhyiddin said other affected borrowers including traders, hawkers, self-employed individuals and businesses could also make similar arrangements with their banks.

Banks, according to him, have expressed their commitments to helping all borrowers, both individuals and small and medium enterprises, who are affected by Covid-19 outbreak.

Muhyiddin revealed that banks may allow borrowers to make interest payments only for a period of time on a case-by-case basis.

Other options are to extend the loan tenures to reduce monthly repayments or provide other reliefs until the borrowers' financial positions are more stable.

"For hire purchase borrowers in need of assistance, financial institutions will offer appropriate instalment scheduling subject to the Hire Purchase Act. This includes extending the repayment period with a lower instalment amount," Muhyiddin said, adding that eligible borrowers can contact their respective banks to make an application starting from Aug 7. Economists laud move to extend moratorium for targeted groups

MIDF Research economist Mazlina Abdul Rahman said the extension of the loan moratorium for targeted groups is a better option than to continue providing the moratorium on a blanket approach.

"It is because there could be many borrowers who are opting for moratorium not because they are in financial distress but simply [because they] want to use the opportunity to preserve capital or for investment purposes," she said when contacted.

Her sentiment was echoed by Hong Leong Investment Bank Bhd banking analyst Chan Jit Hoong, who said the quantum of new modification loss should be lower than the blanket automatic deferment as it is aimed at a smaller audience.

This initiative, he said, did not come as a surprise and is consistent with what banks have been mulling to do after the current six-month moratorium ends on Sept 30.

"We believe it is a more sustainable method to help the rakyat and also, restrain non-performing loans (NPLs) from ballooning out of control over the short term. However, it may hide actual damage and cause lag in NPL formation if the situation does not improve rapidly or an advent of [second-wave Covid-19] paralyses the country again," he said.

Bank Islam Malaysia Bhd chief economist Dr Afzanizam Abdul Rashid said the moratorium extension shows that the government is trying to strike a delicate balance between supporting the need of the affected groups and the health of banks' finances, which is also crucial to the Malaysian economy.

"It's going to be targeted and that is very reassuring and therefore, limited resources are not going to be wasted. What is more important now is to encourage borrowers who have lost their jobs or who have been experiencing reductions in their current pay and perhaps, those who have faced financial difficulties to come forward and have a frank discussion about their states of finance with the banks," he said.

Read also:

BNM: Borrowers eligible for loan repayment flexibility must apply by Aug 7
Economists laud move to extend moratorium for targeted groups
FMM hails targeted loan moratorium extension, reiterates call for more assistance to businesses




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RM525mil investment for Penang to create 1,600 jobs & human capital programme

( From left) Chow looking at the Penang NCER human capital graphic info. With him are John, state executive councillor Datuk Abdul Halim . 

Sunday, March 1, 2020

The games Malay politicians play in Malaysia Malay politicians play in Malaysia

Calmer days: In this May 9,2018, photo, Dr Mahathir with Muhyiddin speaking to reporters after the results of GE14 was announced. Yesterday, the King declared Muhyiddin as the Prime Minister. – AP

“WATCH for the game within the game, ” a tycoon who bankrolls political parties told me over coffee in Kuala Lumpur on Monday.

On that afternoon, Tun Dr Mahathir Mohamad shockingly announced that he quit as the Prime Minister.

The tycoon and I were discussing the botched Sunday game plan to install a Perikatan Nasional (or is it Pakatan Nasional?) government.

Something awry had happened which went against the playbook of the Perikatan Nasional plotters.

Was it because the rule of the game was changed?

Was it that the politicians had played each other out?

Was there a game within a game?

In this fast-paced political game, the entire truth has not surfaced, but soon we’ll know.

Tuesday and Wednesday’s process of the King meeting 220 MPs (except for Dr Mahathir and Padang Regas MP Datuk Seri Nazri Aziz who was overseas) individually looked like a done deal. Pakatan Harapan, Parti Pribumi Bersatu Malaysia (which quit PH on Monday), sacked PKR deputy president Datuk Seri Azmin Ali and his 10 MPs, and other minor parties had endorsed Dr Mahathir.

Then came the game within the game.

On Tuesday, after their MPs met the King individually, PKR, DAP and Amanah (which are in Pakatan Harapan) announced that it had backed PKR president Datuk Seri Anwar Ibrahim.

From a quick MPs calculation, PH with 92 MPs minus Barisan Nasional/PAS/PBRS with about 60 MPs (who not all are voting according to party line) which voted for bubar (Parliament dissolved), it was clear that Dr Mahathir had lost the vote count.

Many thought that the master of the game, Dr Mahathir, kena game (had been played).

On Thursday, Dr Mahathir – without waiting for the King to reveal the outcome of his majesty’s face to face meeting with individual MPs – declared there was no prime minister candidate with a clear majority. The interim Prime Minister announced there would be a special Parliament sitting on March 2 to determine who will be the next prime minister.

However, on Friday, the Parliament Speaker Tan Sri Mohd Ariff Yusof announced that there would not be a special Parliament sitting to determine who will be prime minister.

On that day, Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah decided to give party leaders who have MPs in the Dewan Rakyat the opportunity to nominate a prime minister.

The frontrunners to be our next PM were Bersatu president Tan Sri Muhyiddin Yassin and PKR president Anwar. Seemingly, Dr Mahathir was out of the game.

The fight was shaping up to be Perikatan Nasional (a Muslim and Bumiputera majority government) versus Pakatan Harapan (a non-Muslim majority government).

From the WhatsApp messages I could barely have time to monitor, the rakyat choice depended on who they hated the most.

Some who hated DAP supported the Perikatan Nasional government and those who hated Umno and PAS preferred the Pakatan Harapan government.

Grassroots politicians were getting emotional. Some were hysterical that they have to swallow the hate words they uttered against their political enemies as they might be in the same government.

Last night, a retired veteran journalist WhatsApp-ed me: “Instead of the tik-tok of the horse race and the numbers, why isn’t anyone reporting what this is all about: a battle for Malaysia’s future and what kind of country we want to be?

“A Malaysia focused on race and religion, or a Malaysia focused on building a better tomorrow in the Digital Age?”

I agree with him.

But the game is played fast and furious that we’re trying our best to keep pace with it.

Based on a quick calculation of MPs from political parties, in the numbers game, Muhyiddin had more than Anwar.

Bersatu 36 MPs (from 26 overnight it increased by 10 MPs with Azmin and gang), Umno 39 MPs, PAS 18 MPs, Gabungan Parti Sarawak 18 MPs and minor parties, Muhyiddin won.

Whereas Anwar only had his Pakatan Harapan ally (PKR 39 MPs, DAP 42 MPs and Amanah 11 MPs).

Game over for Anwar?

No. On Friday night, it became clear that the party leaders had no control of their MPs who had different allegiance. Karma had struck Bersatu – it was civil war between Team Mahathir and Team Muhyiddin.

Some sleeper MPs were awakened to go against their party leader.

Some MPs are honourable.

Some are for sale.

Not surprising as this is the games politicians play.

The shocker was yesterday. Dr Mahathir was back in the game.

The interim Prime Minister had thrown his name in the Game of Thrones. He was now the game-changer.

Some of those who backstabbed him when they met the King on Tuesday and Wednesday were now backing him.

Yesterday, the situation was very fluid. Too many games played and play outs.

I would have preferred a bubar endgame.

Let the rakyat be the kingmakers instead of MPs.

The endgame turn out to be the king declaring Muhyiddin as Prime Minister.

To the winners of the Game of Thrones, I wish them: GGWP (Good Game, Well Played).

 Philip  Golingai