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1.I have been away in Argentina and have not been reading the papers or watching news on T.V. Back in London I picked up The Times newspaper and the front page reads, “Lords place themselves beyond the reach of the law.”
2.It is about MPs and members of the House of Lords giving their main home addresses out of London in order to claim £174 per day allowance during Parliamentary sitting even though they actually live in London. Seems that some vagueness in the rules has placed the Lords beyond the reach of this rule.
3.Next, on an inside page, the headline reads “City’s biggest names face legal action over Lehman’s collapse.” I am sure Malaysian papers would have reported this.
4.Lehman of course is the biggest bank in the world whose collapse started the 2008 financial crisis which we are still suffering from today.
5.This bank had been hiding the huge debts worth as much as 600 billion US dollars by an accounting trick. Debts of billions which were unpaid were reclassified through some accounting procedure called Repo 105 and they became assets of the banks.
6.And it went on for years until the amount became so huge that they cannot be hidden any more, Repo 105 notwithstanding.
7.As we all know Lehman Bros. was allowed to go bankrupt and other banks and industries went down with it. And so the great financial crisis of 2008 began.
8.Globalisation is about opening borders to those who have the means to do so. The big banks, industries, accounting firms and consultants firms are certainly the greatest beneficiarists of globalisation. But now we know that in many instances they collude with their rich and powerful clients to cover up wrongdoings. Their being internationally well known ensures that their reports are accepted by the directors of companies and banks and by the public.
9.I had often said that globalisation is inevitable but we, the developing countries should not accept globalisation as interpreted by the rich countries. We should seriously think again about the interpretations of globalisation. We should think again about open borders. We may be letting in some of the most unprincipalled professionals, some of whom are the most greedy international crooks into our country.
10. Of course this is only my opinion.
repo 105 or 108 ain’t something which i would favor in accounting practice.
The auditors should have raise this issue to the mgmt and shh and get consensus on the solution and detail out the impact.
It all boils down to governance, just like enron and arthur anderson.
But to think that such practice are accepted somewhere in this world and they claim to be transparent free of other malpractice. Ha, a bite in their own foot.
Assalamualaikum wbt Yg Bhg Tun, the beloved Malaysian 4th PM,
embangunan Islam Untuk Kelestarian Hari Esok that was held later in the evening last saturday in Penang.
Today is 8 Rabiul Akhir 1431 Hijrah (24/3/2010).
I just arrived from Penang presenting a paper entitled Dinar Emas Islam Menjana Kelestarian Ekonomi Dunia : Satu Pembongkaran in conjuction with the Konvensyen Penghayatan Islam dan Kelestarian.
In addition, I was also invited to be a forum panelist at a forum
Well Yg Bhg Tun, in my paper I have refer to two of your postings i.e. The Currency Crisis Past And Presence and Repo 105.
InsyaAllah during my next visit & usage of your Perdana Library i will leave a set of the convention papers (copies) for your kind attention.
Well Yg Bhg Tun the Repo 105 is an extension of the well known method known as creative accounting or window dressing. In 1995-96 when pursuing the MBA at Aston Business School , Birmingham UK, this subject is an interesting one and all students will learn a paper known as Financial Reporting. By religiously attending these interesting lectures every students would know how to read all financial statements, balance sheet etc etc as stated in each plc annual reports. I can recall that all of us didnt miss the lecture during Raya Haji. We did attend the Solat Eid ul Adha at Malaysian Hall Birmingham and joined the makan makan but still rush to the financial reporting lecture back then.
We learned that despite having losses in their past financial year , the board of directors might brought forward future profits for the next 10 years and realised it in the relevant financial year in order to declare the dividend. Wa lau aisey man, despite actual losses, still can declare dividend la
Salam Tun yang saya kasihi,
Isu halal di negara kita ini dah tak tertip lagi nampaknya.Produk halal di negara ini tidak di urus dengan serius saya berharap tegurlah mereka itu. Perketatkan lah akta halal negara .
Tun, cadangan saya ialah adakan syarat mana mana syarikat yang mendapatkan produk halal dan perlu mengajikan sekurang-kurang 3 orang yang berpengetahuan agama peringkat menegah sebagai pegawai QC halal dan setiap bulan kena hantar lapuran ke pejabat agama untuk pengesahan lapuran. Dengan ini lebih tertip. Kalau Guan Eng dapat baca kehendak masyarakat islam dan melayu kat Pulau Pinang kenapa tidak kerajaan yang memerintah. Pada hemat saya isu ini juga banyak dapat membantu semula kerajaan yang dah mula hilang keperchayaan rakyat ini balik ke landasan asal. Lagi pun kerajaan dapat mengujud peluang perkerjaan kepada masyarakat melayu islam jika terdapat 10,000 syarikat yang memohon produk halal ini bermakna telah wujud 30,000 peluang pekerjaan.. INILAH Maksud rakyat didahulukan pencapaian di utamakan.!!!.
JANGANLAH HARAM DIHALALKAN DAN HALAL DIHARAMKAN.
SEMOGA DI AKHIR HAYAT TUN DAPAT LAKUKAN SESUATU TERBAIK UNTUK ISLAM
SALAM SAYANG DARI ANAKANDA SEKELUARGA YANG SENTIASA MENGKAGUMI AYAHANDA TUN.
Terima Kasih,
Nazeer Ahamed
Assalamualaikum Tun,
I do hope I am not too late in replying to this article as I have been busy at work.
Reading about Lehman Bros, I was made to understand to collapse was due to the sub prime crisis. Apparently Lehman Bros has invested a lot in the housing sector and when many house owner were unable to pay their house loan installments and become non performing loans it affected Lehman Bros which led to its collapse.
If however, it was due to an accounting trick, then I guess the US has not learned in lessons from the Enron scandal. Coincidentally, accountants in the US are different from accountant from other parts of the world. The US accountants practice a different set of accounting standards known as the ‘Generally Accepted Accounting Principals’ or GAAP, although this standard is not generally accepted since it is only practiced in the US.
However seeing their baseball sport, which they call the world series, but actually confined to US, it comes as to no surprise their GAAP is actually no so generally accepted by accountants from other parts of the world.
Other countries practice another accounting standard which is known as Financial Reporting Standards (FRS). FRS does not permit debts to be hidden under special entities. When companies hide their debts in special entities, their financial statements looks good when in fact they are not.
At the height of the Enron crisis, accountants that used FRS told their counterparts in the US its better to use FRS instead of the GAAP. Following Enron collapse, the audit company, Anderson is no more, an oversight committee to check on the auditors was introduced, the Sarbane Oxley Act (Sarbox) was enacted to tighten the way auditors audit. And yet this kind of scandal continue to happen. I guess the US never learn.
For globalisation, I agree with Tun it is inevitable. Indeed, throughout history, no country has ever become develop by having a closed door policy. China and Japan failed when they opt for closed door policy at one time. The Malacca empire become prosperous by having an open port for traders to trade. Even Muslim civilization become prosperous as they trade with other non-Muslim nations.
The intentions of the West for globalisation may not simply for trade but a more sinister agenda is to colonise economically developing nations and create a new world order.
What is important, developing nations must be prepared when the barriers are uplifted.
Salam Tun,
I’m no accountant so I had to do a bit of research to find out about Repo 105.
The crooks at Lehman Bros [and other investment banks, I suppose] had been gaming the system for years. According to NPR:
“Investment banks use the repo market all the time. It’s basically a way for banks to borrow money from big companies that have extra cash sitting around.
To make the loan safer for the big company, the bank “sells” the company some asset — like a bond. That way, if the bank goes bankrupt before it repays the loan, the big company can sell the bond and get its money back.
As part of the deal, the bank agrees to buy back the bond at the end of the loan, minus some small amount that the company gets to keep as interest. (“Repo is short for “repurchase.”)”
As for the 105 in Repo 105: “But when Lehman Brothers wanted to make it look like it wasn’t borrowing so much money, the company used a special technique to get around this rule. It did repo deals where it took slightly less cash than the asset was worth.
For example: If Lehman owned a bond that was worth $105, it would “sell” it on the repo market for $100. (The “105″ in Repo 105 refers to the fact that the assets were worth at least 105% of what Lehman was getting for them.)”
So Lehman cooked its books when it wanted to have a good balance sheet, especially for its quarterly reports.
Some people call this ‘creative’ accounting but those less charitable might call it fraud. No wonder the US public came to slow-clap Lehman employees when they carried their boxes out of their (former) offices.
But you have to hand it to them, Tun. They’re really innovative in that way aren’t they? The question is, can the regulators keep up with these tricks? Now, I may be wrong, but my guess is NO.
It’s amazing, isn’t it, that Western countries are not shy to use our arguments — which they denigrated when we used them — when they find themselves in a similar dire position, economic or security-wise.
Greece is now saying that their economic problems are aggravated, if not caused, by currency speculators; and the UK, which may soon join the PIGS countries of the Eurozone, has apparently prepared itself for an assault by currency speculators.
The US and the UK were very vocal about the ISA, but look at the US’s Patriot Act and Gitmo; while the UK now has a fine collection of ‘Anti-terror’ laws where one could be arrested just for taking pictures.
Seakan-akan menjilat ludah sendiri.
Khairul-Dean
Thanks for the Argentina story.
We should seriously think again about the interpretations of globalisation. We should think again about open borders. We may be letting in some of the most unprincipalled professionals, some of whom are the most greedy international crooks into our country.
To late they are already we already have them, and we didn’t have to open our borders. We don’t have to looks outside for unprincipled professionals we have plenty of them in Malaysia.
Assalamualaikum tun.
Saya setuju dengan pendapat Tun.Globalisation hanya akan membawa bencana kiranya semua dibenarkan masuk ke Malaysia tanpa tapisan.
Umum telah tahu bahawa sistem kewangan konvensional tidak lebih dari satu sistem yang wujud berlandaskan keperluan mengurus manusia dari segi fizikal semata-mata.Tidak sepertimana sistem kewangan Islam yang lebih menyeluruh kesannya terhadap fizikal dan kerohanian manusia.
Kita sebagai rakyat Malaysia perlu mempunyai jati diri dan berkeyakinan kuat bahawa kepimpinan negara tidak memerlukan campurtangan luar dalam urusan pentadbiran negara.
Pada pandangan saya,nasib orang Melayu masih lagi baik.Walaupun pada sudut pengumpulan kuasa oleh parti-parti politik kelihatan kotor,tetapi semua ini adalah kerana sikap keyakinan yang tinggi dan semangat yang meluap-luap yang diluahkan dalam keadaan jiwa kacau.
Sudah tentu,pemangsa yang menangguk di air keruh perlu lebih berhati-hati kerana sikap saling mempercayai yang ada jika dikhianati akan lebih buruk padahnya dari ancaman musuh yang terkenal dengan dengan kezalimannya.
Saya fikir perkara tersebut tidak akan langsung boleh menggunakan Repo 105 sebagai jalan penyelesaian.
http://www.musato-blog.blogspot.com
Terima kasih Tun.
Salam Tun & Fellow CheDet’s Bloggers,
Another points that many of us are not aware is regarding millions or even billions of counterfeit US dollar floating in circulation. It is worth the trouble to print US dollar rather than RM50 notes which are not international currency. Some banks are not bothered to declare ones ( especially in small amount )if detected as to avoid the trouble in the required administrative procedures they have to go through to trigger the investigation. So these notes will be kept in circulation in retail business and being honoured by merchants because of it perceived value. I was made to believe that the possible culprit in printing these counterfeits are N.Korea and Iran. How far the claim is true, I am not so sure.
It is also a possibility that US just print as much as they need because they are not backed by gold or anything.
Wallahu’alam
YABhg Tun,
Is It Happening In Malaysia?
(accounting juggling that is)
Thank You for the Repo105 and here is an article on Repo105 layman readable:
British firm Ernst & Young accused of
Forgive me but I am going to write something totally out of context. I actually wonder if Tun ever read these comments. Anyway, here’s the thing: while it is really good to be able to have access to influential people like Tun, but is there a forum to voice out our frustration? & also to have it heard and acted upon?
Dear Tun Dr M,
Corporate and financial crimes have been there ever since Barter Trade was replaced by currencies. These crimes are global and extensive. What we read and hear is only the tip of iceberg.
The main problem is that, those who are entrusted with power and freedom on the finance of any institution become selfish and greedy.
Even if they are not selfish or greedy, they might be forced to do so due to direct and indirect pressure from their superiors. Thus to be in the good books of their superiors and to protect their livelihood, there seem many in charge of corporate and non- corporate finance, bow down to the pressure and to the carrots offered to them.
Lack of accounting knowledge amongst the top and middle ranking officials is another major contributing factor for widespread financial fraud and cover up. In Malaysia, Accounting is taught in secondary schools only as an optional subject. Due to the universal need and relevance of Accounting in any organization, it is inevitably important for all of us to have the knowledge of at least Basic Accounting. Thus Accounting should be made a compulsory subject in secondary schools.
The magnitude of Accounting knowledge one should have must increase according to their involvement in the decision and control of finance. The quality of Accounting graduate need to be monitored and scrutinized just like what we are doing to our Medical graduates.
I also would like to suggest that all those who are to be appointed as Directors of any institution should have adequate Accounting knowledge. If otherwise, a special Accounting class be conducted for a duration deemed fit.
The Commercial Crime warrants heavier punishment and apart from heavier jail sentence, mandatory caning should also be imposed. One should note that financial mismanagement and fraud could affect and cripple the economies of the whole world.
The above recommendations would definitely reduce financial crime in any corporation or any authority of any country.
Salam Tun yang di hormati,
1. Bank terbesar dunia menyebabkan / memulakan krisis kewangan dunia.
2. Spekulator menyebabkan matawang menurun.
3. Pak Man Telo menyebabkan orang Melayu hilang duit.
4. Sistem Piramid menyebabkan ekonomi Melayu hancur.
5. Kambing hitam.
6. Satu jari tuding orang, empat jari tuding diri sendiri.
Salam Tun,
Allow me to address Gunse007 AKA Gunasekaran the James Bond of Malaysia.
Mr.Guna,why are you so full of hatred up to the bone with Tun.All your comments on him is full of sinister expression as though as Tun is the evil and you are the saint and saviour of all Malaysian mankind…….very close to become the Pope John Paul II.From my inception date into Tun blog todate,Tun is the demon and you are the nation saviour.
Please James Bond,make yourself dissapear as I continously pukes when reading your son of a gun hopeless comments.Beat it.I had enough of your stupid comments.
Salam kasih dan salam hormat Ayahanda Tun.
Well sir, before we leave the British Lardships and their
Crap on globalisation,
we have to some extent taken advantage of globalisation with set up of many foreign based micro-electronic companies sometime post Cold War. we could not match the cost advantage emerging economies later like China and India is providing, firms are shifting.
With the business expansion of US into foreign markets, even Americans are losing job to their counterpart in Asia. Those whom are competent to survive in global market they will.
Malaysia has been a good spot for outsourcing after India and China, why take advantage of that scenario?
Why not advise Malaysian to focus on improving competency, how long do you want us to think that we are some helpless bunch?
Nothing in this world will ever satisfy everyone, we will continue to have differences forever, why not work on similarities than to blabber non-stop on things you know you can never change?
YABhg Tun’
Way back in the late 90′s, the term globalisation came into the scene. Many were so excited on going into borderless business with this new business entity which seems to be right for everyone on that particular time. We were pretty excited too. And most of our politicians were also excited too. Many had gone advocating about getting ‘globalised’ without looking deeply into the SSLP (self-sustaining-level-position) by giving others to come into our market place for just the name sake. Obviously it was not benifitial to our side. It was mainly accorded to serve the rich global conglomerates to manipulate our little domestic market. Likewise what Lehman Bros and earlier on – the oldest England Bank huge loss in a short ‘artificial’ undertakings seems inevitable to them. Their proxy’s got a little butt-kicking (as a show-of) and the notorous ‘garth-vader-team’ got away with a full-filled billions pocket leaving a Repo-105 accounting procedure! Nicely done dude ! ….remind me of a global star businessman name George Tan from Hong Kong !
YABhg Tun’
Way back in the late 90′s, the term globalisation came into the scene. Many were so excited on going into borderless business with this new business entity which seems to be right for everyone on that particular time. We were pretty excited too. And most of our politicians were also excited too. Many had gone advocating about getting ‘globalised’ without looking deeply into the SSLP (self-sustaining-level-position) by giving others to come into our market place for just the name sake. Obviously it was not benifitial to our side. It was mainly accorded to serve the rich global conglomerates to manipulate our little domestic market. Likewise what Lehman Bros and earlier on – the oldest England Bank huge loss in a short ‘artificial’ undertakings seems inevitable to them. Their proxy’s got a little butt-kicking (as a show-of) and the notorous ‘garth-vader-team’ got away with a full-filled billions pocket leaving a Repo-105 accounting procedure! Nicely done dude ! ….remind me of a global star businessman name George Tan from Hong Kong !
YABhg Tun’
Way back in the late 90′s, the term globalisation came into the scene. Many were so excited on going into borderless business with this new business entity which seems to be right for everyone on that particular time. We were pretty excited too. And most of our politicians were also excited too. Many had gone advocating about getting ‘globalised’ without looking deeply into the SSLP (self-sustaining-level-position) by giving others to come into our market place for just the name sake. Obviously it was not benifitial to our side. It was mainly accorded to serve the rich global conglomerates to manipulate our little domestic market. Likewise what Lehman Bros and earlier on – the oldest England Bank huge loss in a short ‘artificial’ undertakings seems inevitable to them. Their proxy’s got a little butt-kicking (as a show-of) and the notorous ‘garth-vader-team’ got away with a full-filled billions pocket leaving a Repo-105 accounting procedure! Nicely done dude ! ….remind me of a global star businessman name George Tan from Hong Kong !
Salam TUN,
We cannot avoid globilization.We have to make ourselve the global player by doing the work of the Prophet s.a.w all over the world.
http://mthago.wordpress.com/category/dakwah/
Thanks…
Lehman Bros has been milking millions of people all over the world especially the Americans. As a result they became filthy rich and powerful. The psychology of power is that when power is down it will try to bring everyone else sink so that everbody will be in the same leaking boat. The corollary, if Israel goes down it will bring Europe and the whole of middle East to armageddon.
There are no two ways about it. Lehman Bros knows that with their massive economic and financial tentacles the US will have to bail them out to avoid further economic disheaval. It puts the US into a position of owing Lehman something and doing the world a favour by bailing them.
The World Number One wants to use all the support and means to remain so. China is now viewed as a threat to their false economic superiority and hence a target of harassment. The Sings are playing the same jolly game against us and thanks to our own incompetence.
Salam kasih dan salam hormat Ayahanda Tun. I
Itu semua trick accounting, tetapi pemimpin Malaysia lagi hebat. Boleh sebat emas semua dari reserves dan sekarang cap duit sendiri yang tiada nilai di pasaran dunia. Lepas tu nak promote dinar emas sebagai matawang perdagangan. Dari mana agaknya nak datang emas tu ye?
I hope that it won’t be same case in Malaysia like Lehman Brothers did by following the accounting procedure which is repo 105.
It was shock for me to read that such an accounting procedure do exists. I don’t know whether this sort of procedure is prevalent in this country too. I wish I could blame Pak Leman for this irresponsible malpractice..
As far as I can understand(my background is not accounting no finance), all the the rules and regulations for accounting procedure are the same no matter wherever in this world unless the countries do not follow the global standard.
Humans are ruled by greed unless we are taught with good values but sometimes we still do make mistakes. Humans will always do make mistakes. So that is why we need rules and regulations.
However, the rules and regulations are sometimes flawed, so mistakes do happen and will always happen.
My hope is that the flaws in the rules and regulations can be reduced to a level that it will benefit the nation.
So that post 2020, we will be nation where the fundamentals for the economy and social are above the par though politics will remain the same.
……… RESPONSE TO FST REGARDING TUN’s CRITICISM………
A- Considering the fact that Lehman Brothers was using 30-50 times leverage of assets in convoluted CDSs, CDOs, AMBSs and MBSs derivatives products, then if we would even go with your figure of 60 Billion, (Well you can do the math). Bankruptcy documents for Lehman Chapter 11 shows that Tun’s figure was actually conservative when you calculate the cumulative or rollover effect of the REPO 105 window dressing. So for you to pick a moment in time (Q4 2007, Q1 2008 and Q2 2008) as a total is mathematically and economically WRONG. So dont argue with Tun, especially when you are Ill-Prepared.
B- Globalization: In reference to your point about globalization you appear to have your head shoved all the way up the Western …*#&$*(@(&#& . I was not some lowly banker such as your self, i was an investment banker/VC that had enjoyed being at the top of the food chain and know first hand what investment bankers do with Globalization. Open the barn’s gate for the wolves to feast, and let me assure that feast we did on many naive lambs (Within the rules and laws of the SEC of course).
I have always enjoyed listening to Naive baffoons such as yourself, arguing for the wisdom of opening the Barn gates for trading with the wolves… Ask Japan and see how that worked for its people, or Ask China and India that are constantly discriminated against. If you are to remove JUST THE FARMING SUBSIDIES IN EUROPE TO ITS LAZY FARMERS..ALL EUROPE WOULD BE BANKRUPT .(Check the GDP Figures for the EU first, before you think about responding).. Same with the US… SO subsidies in farming, auto….etc is Killing the poor people in Africa, SOuth America, Latin AMerica, The Caribbean and South East Asia….Wake up…This is one example only..
My dear Naive “Lowly Banker” listen carefully, Socrates said “All wars are fought for money”, so unless you have an army to back your rights, dont speak of matters that are much higher than your pay grade. People like you made me Millions with their stupidity, for that i am thankful, but now that i am retired and money is no longer my motivation i see that people like you are actually much worse than the wolves themselves, since you are the fools that keep opening the barn doors and arguing for the virtue of letting the wolves come in and live peacefully with the Lambs!? Read some books and learn about How the colonial powers used their armies always to assert their “Economic” claims. Learn and stop being so naive. As a Bureaucrat i am certain you have never operated a business yourself, so you may never understand. Go back and read Adam Smith and Alan Greenspan’s books, (BIBLES FOR BAFFOONS), then maybe you would fool yourself again into thinking you are right and Tun is wrong.
God Bless Tun and family
God Bless Malaysia
Tun Dr. Mahathir,
What’s Interesting In Argentina?
(an economist’s puzzle)
Argentina’s collapse
A decline without parallel
Feb 28th 2002 | BUENOS AIRES
From The Economist print edition
In the 1990s, Argentina was Latin America’s star. How did it become a basket case?
EACH Sunday afternoon for the past few weeks, several thousand people have gathered in a public park in a solidly middle-class district of comfortable apartment blocks and quiet cafés in Buenos Aires. Though it is summer, and some of the crowd are dressed in shorts and T-shirts, their anger is palpable. They listen as speakers from the newly-formed neighbourhood committees report on plans for protests outside banks and against the government. They roar their disapproval of politicians.
Dear Tun,
1. Is it Repo 105 or Repo 150? I am sure it is Repo 105 just like what you have mentioned. Somebody says it is Repo 150. Perhaps it was a typo on his part.
2. It is true that the bank had been hiding the huge debts worth as much as 600 billion US dollars by an accounting trick. In the second quarter of 2008 alone, Lehman used $50 billion in Repo 105 transactions.
3. I am starting to think that living overseas does not mean one is resourceful.
/// 10. Of course this is only my opinion. ///
Why the need for this paragraph? Unless, some of “your” pieces are written by ghost writers.
You opinion is wrong – Lehman, was not and has never been the biggest bank in the world.
Salam Tun
Human are human every where the same,so much being said power abuse and coruption in Malaysia ,I guess in the first world country is much more rampent but I belive heare in Malaysia with the right aproched we could menimise it.
Al Salamu Alaykum Dear Tun Dr. Mahathir,
God bless your wisdom and insight. A review of the latest Chinese newspapers proves your point, as the US government now is beating the drum of protectionist wars to come. A “NATIONALISTIC” “PROTECTIONIST” war with China would represent a dream for the US which could easily use it as justification for NOT PAYING the chinese government all these “I OWE YOUs” treasuries. The path has been set and the game peaces are being positioned accordingly. This is not Globalization. This is not free trade. This is Economic War at its worst, soon to turn into a new war!
I urge all to revisit the economic terms we were force fed and start seeing things for what they really are. Theft of Nations.
Tun you will always be my inspiration.
God Bless Tun and Family
God Bless Malaysia
salam tun yg dihormati dan dikasihi..betol tuh!apa2 yg masuk ke malaysia nih mmg kena pantau betul2 ikut cara kita…
hehe n yg number 10 tuh “Of course this is only my opinion” ..salam hormat tuh, saya belajar!
salam
adib
..hmmm jambatan bengkok!jambatan bengkok!adeh~..hehe hmmm agak2 bila kami rakyat johor nak ke singapura naik jambatan baru yerr tun;p
..saya berdoa agar ianya jadik kenyataan
Salam Tun & Fellow CheDet’s Bloggers,
What other proves that we all need to discard ideas that everything “western” are good. Malaysia is such a unique country that it is very important for all Malaysians should be proud of it and should look everything at our own perspectives and not necessary to entirely based on the “international” norms. We should develop our country our own way because of this uniqueness. Tun’s approach to solve our financial crisis was a classic example. What we need are confidence, resilience and truely “Malaysia Boleh” spirit.
Therefore we must be concerned and be wary on any Malaysian who praises highly of the western mentality and culture. Your “Look East Policy” was relevant and we should be smart enough to choose and adopt the best of the two. Islam values should be adopted and Islamic knowledge should be correctly thought in schools and public not only to create “god fearing people” but also as to eliminate any prejudices that have been badly painted & propogated by the enemies of Islam. Understanding of the content of Quran & hadith is paramount importance and should be promoted nationwide and I believe the non-Muslims would be able to accept the universal values prescribed in Islam without fear of conversion to Islam.
May Allah bless us all
Dear Tun,
Although I am a Malaysian living abroad, I do follow your blog out of curiosity, as I do several other Malaysian blogs. Allow me to comment on some points of fact in your blog on REPO 150. Firstly, Lehman Brothers is not, nor has it ever been, the “biggest bank in the world.” It was one of the “big five” US investment banks, but that is a far stretch from saying it was the biggest bank in the world. Secondly, Lehaman did not use the REPO 150 rule to hide US$ 600 billion in assets. A more accurate fighre would be closer to US$ 60 billion. Perhaps it was a typo error on your part.
That said, as a former banker, I believe globalization on all fronts is not just inevitable, but the surest way of promoting global prosperity equitably ove the long run. The near-collapse of the US financial system was less about globalization than it was about institutional greed and the failure of US regulators to act expeditiously to rein in the unsavory excesses created by the financial and real estate bubble.
Lastly, taking up on your point #9, rather than thinking about restricting crooked foreign professionals from operating in our country, perhaps you need to (just my suggestion), now that you are no longer in politics, directing your energy towards targeting your blog towards the corrupt UMNO political leadership who are using race-based scare tactics to hold onto power. In my opinion, in 10-years, if the country continues the way it is going presently, Malaysia will be economically, and in terms of regional political influence, behind all its immediate neighbours. A sad story indeed.
Dear Tun,
The West have had their day. Could this be the begining of the end and a begining for a NEW world.
Can this be the moment or opportunity for the world to move towards a better world financial and economic system.
China no matter how reluctant they are is now in a position to lead the world towards a better tomorrow.
What needs changing?
1) “Greed is Good” MUST go out the door for good. The new system MUST not encourage and reward greed! China beware as it is seeming to gain a foothold in the mindset of its people.
2) Reward hardwork and innovation. Need I say more..its so obvious.
3) Remove trading of currency, shares and its like for the pure purpose of trading them as pieces of “gambling” paper. No gambling on share prices, currency prices, etc..Investments must be just that .. you invest in the company to see it grow, get dividends, create jobs, etc…not gamble on other peoples lives.
4) Encourage and reward real trading, investment and economic activities. No hedge funds. No magic. No Tricks. No speculations. No money without sweat.
5) Eliminate bank interest. Replace with a penalty system, i.e. penalise funds not used for gainful investment (of real economic activities and trade) by deducting a small percent of such funds not used for one year. The world will be awashed with FUND to develop the less developed parts of the world for the simple reason not using the fund will reduce its amount. Thus investing in a 0% return venture will also be attactive. This will encourage funds holders to actively look for real investments projects and the less developed countries will promise the better chance of success..as long term investments…they are so poor that they can only go up in development as they can’t go any lower than where they are now.
6) Use these collected funds for social projects and charity.
Good Luck World and God Bless.
Salam kpd YAB Tun
Ada pandangan umum mengatakan YAB Tun semakin bertambah sibuk berbanding sebelum ini atau ketika era YAB Paklah . Bercakap tentang Islam ada juga pandangan yang sakit telinga terhadap Tun sebab berpengalaman dengan Dasar Islam YAB Tun ketika menjadi PM dulu terutama isu JANGGUT NABI DAN PISAU CUKUR, HUDUD PAS DAN PENTAFSIRAN SEMULA KITAB SUCI AL-QURAN. Bagaimana pandangan dan pendirian YAB Tun terhadap isu itu sekarang? Saya suka melayari tunsheikh.blogspot.com kerana pro & kontra terhadap YAB Tun di situ bersifat netral. Apakah komen YAB terhadap blog itu? Sekian TK. Abang Engku KL
YABhg Tun,
The biggest US coca cola factory in the region officially launched today by hon PM. The Jews must be laughing, finally Malaysia get along with them. To operate by 2011, with 8K jobs offered. I wonder if the job offered to all Malaysian?
Salam Tun,
It sum it up pretty much that the societies on most developed country choose to lie as the foundation to their civilization. If politics, economic and globalization show that much lie in it, it would not be surprised if we see the same thing in the other aspect of their life like in their morality.
I think it doesn’t stop there. Their lies has lead to war and destruction of other civilizations. We should not to copy these bad DNA for our future society or the way our country should develop.
I cannot fathom why they had so much of admiration to a bad and an ugly politics from the history of mankind. Shouldn’t we human would develop a new clean and a good quality of politics for sake the advancement of future human civilization?
I think we had enough to tolerate to lies they had brought to the world and learn to create our own way to move forward in building our civilization.
Mana ada orang yang betul dalam dunia ni, semua orang pun tak betul. Kita ni pun semuanya tak betul. Tak percaya? Tanyakan kepada diri anda sendiri, sedetik daripada mula anda bangun tidur, hingga anda kembali hendak tidur semula, adakah anda tidak melakukan sebarang kesalahan, kesilapan, dan dosa, walau sekecil zarah sekali pun? Tanyakan kepada diri anda sendiri, dan jawabkan kepada diri anda sendiri, abaikan hal orang lain.
Tetapi seringkali kita menafikan ke’tidak betul’an kita dan membesar-besarkan kesilapan dan kesalahan orang lain, seolah-olah kita dahulu yang pertama akan masuk syurga, ha ha ha ha.
I totally agree with you Sir. We need to re-evaluate free market / globalisation. Allowing international crooks into our country will also open the door for the unethical and incompetent ‘professionals’. These liars are afraid of people capable of critical thinking. I have been in Dubai for 4 years now, and I am telling you Sir, we DO need to think about opening our door.
And all this while the CEO and top management people at Lehman Brothers have been paid millions in bonuses every year when in fact the bank has been making losses. Yet there are still many of us particularly Pakatan Rakyat people who still worshiped these unscrupulous Mat Salleh who manipulated concepts like transparency, accountability,good governance, intergrity etc to their individual advantage.
Assalammualaikum Tun yang Dimuliakan,
Untuk pengetahuan Tun,saya sentiasa mengikuti perkembangan Tun walaupun sesekali terlepas.Setiap kali melihat Tun di kaca TV, saya begitu gembira sekali.
Berbalik kepada topik tersebut, bagi saya apa yang Tun nyatakan adalah benar.Namun kenapa ramai yang masih memekakkan telinga dan membutakan mata? Kita mempunyai banyak sumber-sumber dari dalam negara kita tapi masih lagi bergantung kepada pasaran luar…Kenapa zaman sekarang ramai yang mementingkan kepentingan peribadi? sedangkan kita mampu untuk mengubahnya..
Sekian..
salam kasih buat Tun.
Dear Tun
I guess MPs in England are no better nor worse than the Malaysian ones. People are the same the world over but having said that, there are the odd gems in the rubbish pile although the upright and honourable ones seemed more common in the time of our forefathers and in your time. I am halfway through reading the book “Malaysian Maverick” written by Barry Wain which is banned in this country, brought home to me by a good friend in Australia.
He writes of you in a deprecating and patronising manner but in spite of that, anyone reading the book can only come out of it feeling the utmost respect for your obvious courage of conviction and determination to leave a mark on this country which you certainly did.
The book, as you rightly said, should not be banned in this country because anyone reading it with half a brain can only take pride, despite his efforts to the contrary, to be proud of your accomplishments as a Malaysian and a Prime Minister of Malaysia.
Dear Tun
I guess the MPs in England are no better nor worse than the Malaysian ones. People are the same all over the world, by and large. Equally, there are gems in the pile of rubbish although there were clearly more upright and honourable MPs in the time of our forefathers and in your time than there are today. I am halfway through reading the book “Malaysian Maverick” written by Barry Wain which is banned in Malaysia, brought home to me by a good friend from Australia.
He writes of you in a deprecating and patronising manner but anyone reading the book would, in spite of his manner of writing, come away feeling the utmost respect for your strength of conviction, your determination to succeed and make a mark on this country which you clearly have.
As you rightly said, the book should not be banned in this country because in spite of how he has written it, anyone with half a brain can cut to the chase and understand the struggles you have gone through in your political career and can only respect you for your accomplishments.
For this topic I agree with u
1. Tun ke Argentina rihat ke dgn main kuda ? Jgn “kuda jantan” saperti minat DSAI dah….haru biru nanti. Sebab itu tulang belakang Tun bertambah kukuh le, bukan macam DSAI tu yg belakangnya ada problem sikit pasal x main kuda ori tapi duk main……. kakaka.
2. Kalaulah MPs dan members of House Of Lords yg kononnya GENTLEMAN dan Ahli Politik kelas pertama dah berperangai macam Pencuri Jalanan, itu tandanya sifat keinsanan telah tergadai. Sifat binatang telah bertapak. Itulah kesan sebenar akan berlaku apabila seseorang biasa kononnya untuk berkhidmat kepada masyarakat mengambil kerjaya sebagai seorang AHLI POLITIK. Saya tidaklah kata semua, tapi kebanyakkannya.
Untuk berkhidmat kepada masyarakat TAK perlu menjadi Ahli Politik.
3. Perihal Lehman Bros, itu adalah satu perancangan zionist melalui keputusan Bilderberg Group untuk menghancurkan GENTILES. Kes tersebut The Elite of Zion telah mendapat keuntungan berganda. Mangsanya rakyat US/Eropah dan lain2.
4. Globalisasi akan menuju ke NWO. Itu matlamat sebenar perancangan mereka yang mengambil Tuhan/Allah sebagai musuh. Walaupun begitu, perancangan halus yg dijalankan Zionist melalui proksi mereka dalam kerajaan kerajaan yg sedia ada, NGO dan NGI BERPENGARUH akan terlaksana. Mereka akan cipta suasana yg memaksa kebanyakan negara menerima GLOBALISASI.
Melalui “Agama” EKONOMI yang telah diglobalisasikan, mudah untuk menguasai sesebuah negara kearah matlamat sebenar Zionist.
5. MEB yg diciptakan kerajaan pimpinan DSN pada hemat saya akan membahayakan rakyat umum. Ianya lebih kepada mencapai populariti untuk DSN. Macam bak kata orang kanan DSN ” COP JARI BELUM KERING “, maknanya kedudukan DSN BELUM MANTAP SEBAGAI PM/PRESIDEN UMNO. Justeru tumpuan utama ketika ini adalah MENCIPTA APA SAHAJA PROGRAM untuk mengukuhkan DSN sebagai PM Malaysia.
Saya rasa DSN tidak lama sebagai PM. BN/UMNO bisa tergadai TUN.
6. Saperti kata TUN….Its Only My Opinion..
Assalamualaikum TUN.
To gunse007,
where were you when the Malaysian government bail out Chinese banks in Malaysia? You were still a toddler I suppose. It was done without any referendum from the Malaysian people
So please dont bother why Tun bail out his son’s company.
Lehman problem have to be taken seriously. Their fall affect the whole world. They cheat, they lied, they decieved, they trick in other word they Rob the world. Globalisation is another word they use in order to Rob us “legally” another new term for colonising.
You people lookup to the west like they are your God, but at the same time look down upon Tun’s ability and achievement and guts and courage. BIAS is the word.
Thanks Tun for this opportunity. Wish you are still the PRIME Minister of Malaysia today.
May Allah Bless you Tun and Family.
Assalamu Alaikum Tun,
Yes Tun, globalisation brings us everything including well educated and very skillful crooks..Therefore, the time has come for us to think twice before adopting anything brought to us by them. Don’t give our respect blindly to them.
Assalamualaikum Tun,
If I may I would like to say a thing or two with regard to “accounting trick”.
I used to work for 3 MNCs and 1 large Malaysian Conglomerate. Almost always “accounting tricks” were forced into the accountant(s) in charge. At least it was in my case and also to a number of friends / colleagues / associates in other companies.
“Accounting tricks” happened because I believe the accountant(s) up to the CFO level report to the CEO who are normally not an accountant and has authority to force the accountant to follow the CEO’s wish. Else, the accountant will suffer at the work place. Or, the accountant will be asked to go / terminated.
From a personal experience, I used to defend the correct accounting ways to record all transactions using Standard Accounting Practices or Generally Accepted Accounting Principles. Unfortunately, the Boss wanted it his way. Else, I would be out of the door.
I wish I had more guts to stand up to these kind of people then.
I finally left to do my own business.
From my personal point of view, I believe the accounting side of business in big companies e.g. GLC should be separated from the Operation side of it.
This view is maybe a simplistic model, but I believe you cannot have the accountant reporting to the CEO when the CEO has different agenda.
Thank you.
MZS
Globalization of developing countries = being a slave for the richer countries.
Globalization = Modern way of colonization = The legal colonization.
Globalization = One World Order = New World Order.
We are going to accept it, by consent or by conquest
Selamat Sejahtera Tun,
It is interesting to note that you dropped by UK where I am currently actively involved in research. Since my school days I have known you as a visionary. My salutes. I have seen Msia develop because someone had the guts to push it through amidst all the uproar.
During the time I spent here, I came across a group that had similar guts to pioneer and develop state of the art inventions that could revolutionize the telecommunications industry as well as the renewable energy industry. This is good for our country and I would like to recommend to our folks in the Govt to hear them out. I know me talking to these folks would be like butting my head into a brick wall but if Tun would like to consider and visit us and see what we have, please drop me a note at: tom.peter@live.com . Terimakasih.
Assalamualaikum Ayahnda Tun n Bonda,
benda ‘milage claim’ tak betui ni bukan cerita baru. ingat dulu, mp dari pedalaman pantai timur pernah membuat ‘milage claim’ yg palsu sampai berpuluh ribu sebulan…nk isi tembolok dgn duit haram tak apa pulak? di mana2 pun kalau ada garisan kelabu dlm peraturan atau undang2, manusia akan berusaha mengambil peluang membuat keuntungan bagi diri sendiri, baik yg bekerja dgn kerajaan, syarikat swasta atau dengan adik beradik sendiri sekalipun.
tanyala siapa saja yg pernah buat tuntutan perbatuan atau ‘over time’, siapa yg betul2 ikut rules? yg tak boleh akan dibolehkan walau bagaimana sekalipun…
di kalangan guru yg periksa kertas pmr ka, spm ka, stpm ka, ramai yg buat jumlah kilometer atau perbatuan yg memang tak betui kerana nak ‘claim’ lebih. ni kalau ada cikgu2 yg kata depa tak pernah buat lagu tu, baguihla. aku tabik la kalau betui cara buat tuntutan tu. aku ada seorang ketua pasukan dulu yg betui2 buat tuntutan perbatuan yg tepat sebab dia kata tak tergamak bagi anak bini makan duit tuntutan palsu! haram! aku respect habih ka dia ni pasai dia cakap serupa bikin. aku berdoa segala kebaikan Allah utk member aku ni. harap2 aku dapat ikut caranya yg baik tu…
sebelum ni, aku berkhidmat 10 tahun di sek sebelah ppd, jadi apa saja kursus/taklimat/bengkel yg aku bagi, tak boleh tuntut perbatuan apa2 sebab pergi sebelah tu ja. kini, aku dah berkhidmat di sekolah baru ni jauh sikit dari ppd/bandar tiga tahun lebih tapi tak pernahpun aku ‘claim’ kalau pergi mesyuarat di ppdka, jpn ka, pergi bagi taklimat ka. baru2 ni aku buat la sekali claim pergi bagi kursus ka cikgu2 smk & smabk selama 4 hari berulang-alik, rasa letih jugak, tu pun isi borang claim dua kali sebab salah isi, minta tolong cc check. cc kata ok, perbatuan betul belaka. Boss terus bagi lampu hijau sebab dia kata aku tak pernah tuntut apa2 selama ini. terima kasih boss! Alhamdulillah, merasala juga sikit…
globalisasi mengundang keterbukaan minda. mahu tak mahu kita harus menerima hakikat segala yg baik & buruk akan kita temui. cuma kita perlu tahu bagaimana menapis semua yg mendatang itu…
lumrah alam, jika orang lain buat, salah. kalau dia orang buat betul belaka la. inilah sikap pembuli besar dlm sejarah dunia.
Semoga Allah SWT memberkati Ayahnda Tun n Bonda selalu…
Wassalam.
just my brain wave…
Bubble money monster = Dajjal
Dear Tun,
I am not the one who really understand the global economy but i am sure this globalisation wrong doing will happen here & there and as Malaysian we have to prepare ourselves to overcome all these problems…but lately i believe Malaysia also had to be more tranparent in preventing this from happening again such as Bank Bumi, PKFZ and so on …..
Salam
Salam Tun.
Here in our own country we have far bigger crooks. Under the pretext of purportedly ‘mr clean’ & ‘keadilan’, the former allowed his family to do plentiful quick cleansing works whilst the latter is a thief who called others as thieves, and both of them are perpetual liars who operate fully on government coffers while holding vvip posts and looking/pretending to be pious.
Even when proven as corrupt Mr clean said KJ (rightful initial for kurang _jar) deserved to win the youth leadership!!….and thus the word ‘corrupt echoed loudly wherever KJ goes’ during the last UMNO assembly.
For years the PKR adviser has succeeded to do a ‘I can fool all of my followers all of the time’. Now he realised that Lincoln was right, that is ‘you can only fool some of the people all of the time’. Let’s hope his remaining avid supporters realised this also.
Salam to Tun,
U r always my HERO:)
Salam Tun,
I wish that more of our national leaders are like you. Your opinions to me matters the most because we all know that you are one of the wisest leaders in the world. Thank you very much Tun, for sharing your thoughts,visions and opinions with us.
“We may be letting in some of the most unprincipled professionals, some of whom are the most greedy international crooks into our country.”
Right on… but lest we adopt the holier than thou attitude, we should start finding out more about how these crooks do it and then take a good look at our own backyard. For all you know, these things have already being practised in our own backyard in another form… a form uniquely our own.
Salam Tun & fellow CheDet’s Bloggers,
What you say are absolutely true. We have to be critical about the promoterS of GLOBALISATION as we should have learnt about the promotion and exploitation by the few powerful people/nations of concepts such as democracy, human rights, personal freedom, freedom of expression, international law, and the role of organisation such as United Nations, Court of Justice, World bank, IMF, WTO etc. Human have been created with strong desire(or Nafsu)of greed for wealth and power ( also maybe sex )and these people will stop at nothing in order to fulfil their limitless desires and IBLIS/SYAITAN is their driving hand.
We human are weak against IBLIS/SYAITAN and the only protection as guaranteed by ALLAH SWT is no other except to those with TAQWAH & IMAN. Allah have asked us to be aware ( waspada )at all time against IBLIS/SYAITAN and we must make sure that whatever we do must comply to ALLAH rules and we should always pray for Allah’s blessing.
May Allah bless us all.
A very good summary of how all of us were cheated..
same thing as GST. Do not follow the Western way. Try to built our own way. Improve government spending & expenses and not taking easy way by burdening the tax payer.
ASSALAMUALAIKUM TUN,
MUST AGREEE WITH TUN ON THIS ONE.AS IF WE DON’T HAVE ENOUGH DOMESTIC AND LOCAL CROOKS THAT HIDE BEHIND THEIR POST AND POSITION,OPENING OUR BORDERS TO INTERNATIONAL CROOKS IN THE NAME OF DEVELOPMENT WILL JUST BE DISASTEROUS.
IMAGINE THIS INTERNATIONAL CROOKS IN THEIR DISTINGUISHED POSITION AND KNOWING OUR GOVERMENT ATITUDE,ALWAYS “KOW TOWing” TO THE FOREIGNERS.MALAYSIANS WILL SOLD OFF LIKE HOT “GORENG PISANG”
WORST STILL IF THIS FOREIGN CROOKS AND OUR VERY OWN LOCAL CROOKS WORKS HAND IN HAND AS ONE,CREATING A COLLOBRATION OF FOREIGN AND LOCAL CROOKS BECOMING ONE INTERNATIONAL PROFESIONAL CROOKS.
AGAIN THE RAKYAT WILL BE LEFT DEFENCELESS AGAINST THIS NEW BAND OF BANDITS.
THE WHOLE WORLD IS JUST GOING BAD.WE KEEP CHOOSING CROOKS TO DEFEND AND LEAD US.WE GLORIFY THEM AND WHEN THE SHIT HITS THE FAN,IT’S ONLY US LEFT BEHIND.
TUN MAYBE WE CAN HAVE A SMALL CORNER IN TUN’S BLOG TO HIGHLIGHT OUR LOCAL DATO’S,Y.B’S AND TAN SRI’S COMPANIES INVOLVED IN CHEATING LOCAL BUSSINESSMAN.WE CAN ALSO SHOW HOW THE BIG BOY’S CHOKE DRY SMALL BUMIPUTRA COMPANY AND THEN CLAIM TO BE SAVIOUR OF THE RACE.IF OUR OWN RACE DON’T HAVE ANY SYMPATHY FOR US WHAT CAN WE EXPECT FROM FOREIGNERS
TAK MELAYU HILANG DI DUNIA KATA HANG TUAH…..HILANG TAK KOT,SESAT DULU BARU LESAP.
WASSALAM TUN.
Tun memang seorang yang banyak membaca. So, pada hemat Tun… bilakah agaknyer economi dunia sekarang akan benar-benar stabil ?
Salaam Tun,
DiMalaysia apa kurangnya Tun.Ketika persidang Parliament sedaang berjalan ramai ahli masuk sekejap sahaja atas nama ‘hadir’ kerana hendah tuntut elaun kehadiran.Kadang kadang pinjam suit kawan dilalam parliament sekejap untuk daftar kehadiran persidangan. Perkara ini kerap berlaku ketika zaman Tun dahulu.
Sekian Terima kasih
Salam kasih dan salam hormat Ayahanda Tun.
I think that every British LLB grads would surely at one point or another, had referred to this portentous bunch as
I’m sorry Tun but did you mean we may be letting in ‘unprincipled‘ pros? I hope you have tried your best to avoid that to happen yourself during 22 years of your premiership. And for that I extend my heartfelt gratitude.
Tun, someone told me that the pound sterling is going down to the current value because gordon brown doesn’t want to bailout some banks in the UK. If what i heard is true, i believe that guy is in the situation like Tun had in 1998, which is being bullied by the crooks. Yet, Tun survived.. Tektik basi yahudi. But who knows, it may work in the UK.
SALAM KASIH DAN SAYANG
AYAHANDA RAKYAT TUN
IZINKAN,
WE BELIEVED AYAHANDA TUN STUBBORNESS ( VIEWS OF THE CRITICS) NOT TO YIELD TO THE FINANCIAL REFORMS ADVISED BY THE IMF TO ‘LIBERATE’ OUR BANKS AND BUSINESS CORPORATIONS DURING THE 1998 FINANCIAL CRISIS HAD PERHAPS SAVED OUR BELOVED COUNTRY FROM THE GREAT FINANCIAL CRISIS OF 2008.
WE STILL RECALLED HAVING A CONVERSATION WITH KAK LEHA (DATUK PADUKA) PRIOR TO AYAHANDA TUN ‘ 3 MONTHS LEAVE’ AND DID ASKED HER TO CONVEY A PLEA TO AYAHANDA TO RETIRE COZ ‘YOU HAVE DONE MORE THAN ENOUGH TO BUILD THE NATION..YOU DESERVE A GOOD REST’
WE WERE GRATEFUL TO ALLAH SWT THAT AYAHANDA TUN CAME HOME EARLIER THAN EXPECTED TO CORRECT THE DIRE FINANCIAL REFORMS IMPLEMENTED BY THE ‘STAND-IN’ PM OF THE COUNTRY… AN ALLY OF THE IMF CHIEF THEN.
HAD AYAHANDA TUN NOT RETURNED HEALTHY..MAYBE THAT ‘ABI’ FELLOW WUD HAVE ‘SOLD’ THE COUNTRY TO THE IMF AND THE COUNTRY WUD BE IN DEBTS AND WUD HAVE TO SERVE THE ‘INTERESTS’ OF THE INTERNATIONAL MOTHER/ FATHER TILL DOOMSDAY…NAUZUBILLAH
ALFATIHAH, AMIN
Ps. Sometimes we wondered whether Ayahanda Tun did have the chance to read the letter we wrote in the midst of Ayahanda decision to pegged the Ringgit. Antara isi kandungannya…’Ayahanda adalah diatas landasan yang benar dan Allah swt akan memberi kemenangan atas segala usaha Ayahanda’..(lebih kurang begitu lah bunyi nya)
Tun,
Apa kata Tun ulaskan pendapat Tun mengenai Dato Kalimullah dan bagaimana syarikatnya VPI boleh mendapat kontrak banyak2 ratus juta dari kerajaan. Memang telah dimaklumkan bahawa Dato Kalimullah ini adalah sekutu rapat Khairy Jamaluddin. Selain dari itu VPI diketahui adalah “front” kepada syarikat lain.
I am sure, Tun, tht 99% of all politicians are corrupted. Be it in Msia or in overseas. All have their own agenda, thts why politic kills the innocent ppl.
Dear Tun,
None things is perfect. Perfect means there is no forward. No forward means no future. Lehman Brothers is not a perfect bank, is a lessons, so we learn it now.
Yin and Yang – Good & Evil, Good & Bad
Confucius quote :
“To know your faults and be able to change is the greatest virtue.”
SALAM BUAT TUN BERDUA MOGA DIRAHMATI ALLAH S.W.T.
1) SEPERTI KEBANYAKAN KITA SEBELUM BERSARAPAN UNTUK KEPERLUAN FIZIKAL TUBUH KITA AKAN MENGADAP RAKAN BICARA AKHBAR KITA UNTUK MENGETAHUI BERITA APA YANG SEDANG BERLAKU DITEMPAT LAIN.
2) NAH ! TUN TELAH DIBENTANGKAN DENGAN BERITA LAMA KRISIS LEHMAN YANG PADA PENDAPAT RIMBA EMAS KESANNYA AMAT BERPANJANGAN YANG BERTEPATAN DENGAN PEPATAH SEPANDAI-PANDAI PEMYEMBUNYIAN AKHIRNYA TERBONGKAR JUGA.
3) KALAU DARI AWAL CARANYA SUDAH ADA UNSUR RIBA (TIDAK HALAL) AKHIRNYA KEBENARAN AKAN MENANG BERTEPATAN APA YANG DIKATAKAN OLEH ALLAH S.W.T.
4) SUDAH TERBENTANG DENGAN JELAS UNDANG-UNDANG YANG TIDAK BERLANDAS HUKUM ALLAH S.W.T MUDAH DIEKPLOITASI OLEH GOLONGAN YANG SEMESTINYA INGIN MEMIHAKKAN ATAU MELEBIHKAN MEREKA DISEBABKAN HUKUMAN ATAS HUKUM YANG DITETAPKAN TIDAK SELALUNYA BERLAKU SERTA MERTA.
5) DILIHAT JAUH KEDALAM DAPAT DIKESAN ADA PERJANJIAN ATAU KERJASAMA OLEH PIHAK BANK INI DENGAN PEMINJAM-PEMINJAM TERUTAMANYA YANG KAYA RAYA UNTUK KEUNTUNGAN MELIPAT GANDA SEBALIKNYA MERUGIKAN GOLONGAN YANG TIDAK BERADA BILA BERLAKUNYA KRISIS.
6) SEMUANYA KERANA SESIAPA YANG MEMPUNYAI WANG YANG BANYAK DINILAI OLEH PIHAK BANK SEBAGAI RAKAN NIAGA DARIPADA MENILAI ORANG YANG TAHU HUKUMAN OLEH ALLAH S.W.T AKAN YANG TIDAK MEMBAYAR HUTANG.
7) MALAH SEKARANG ORANG YANG TIDAK PERNAH MENDAPAT PINJAMAN ATAU MEMBUAT PINJAMAN TELAH AWAL-AWAL LAGI DINILAI SEBAGAI ORANG YANG TIDAK MAMPU MEMBAYAR HUTANG SEPERTI MEREKA YANG PERNAH GAGAL MENJELASKAN HUTANG.
8) SEBALIKNYA BOLEH PULA MEMBERI PELUANG KEDUA KEPADA MEREKA YANG PERNAH GAGAL MELANSAIKAN HUTANG DISEBABKAN DAPAT MENUNJUKKAN WANG DAN PERNIAGAAN DIDEPAN MATA DARIPADA MEREKA YANG BENAR-BENAR TAKUT HUKUMAN ALLAH S.W.T MELANGSAIKAN HUTANG SEBAB TIADA WANG DAN PERNIAGAAN YANG BELUM DIJALANKAN.
9) BETUL CAKAP TUN KITA KENA LINDUNGI BANK- BANK DARIPADA PENYANGAK-PENYANGAK TETAPI TIDAK SEMESTI BANK-BANK YANG MASIH BERTAHAN SEKARANG MENGAMALKAN CARA-CARA YANG DIREDAI OLEH ALLAH S.W.T KERANA HUKUMAN TIDAK SEMUA BERLAKU SERTA -MERTA.
10) FIKIRLAH (OUT OF THE BOX) PASTI PENGGUNAAN CARA ISLAMIK SEBENAR HABUANNYA UNTUK AKHIRAT TETAPI JIKA DIBENARKAN MEREKA YANG TIDAK SABAR UJIAN MAKA AKHIRNYA SATU KEPALSUAN ATAS NAMANYA SAHAJA. PERCAYALAH WALAU PUN DI CAP BANK YANG TERMISKIN TETAPI KAYA DI AKHIRAT.
WALLAHU’ALAM
Dear Tun,
I agree. The Foreign Investment Committee (FIC) should assume the role.
I hope I could write longer. I will try to find time.
Dear Tun,
Whenever there is money to be made, men (including those British Gentlemen sitting in the House of Lords) will always device a method to enable the money to flow into their pockets. It is often said that money (“or the lack of it” to be more precise) is the roots of all evil.
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salam tun
I guess I know what tun thinking about. It must be something to be done with New Economy Model (MEB) that will launch by Dato Seri Najib. We too, really hope that the new model will not liberalise everything just because in the name of globalisation. Something need to be change but something to be preserve too
Regards
zharif
Assalammualaikum Tun,
Saya cuma nak Tun tahu saya sentiasa menyokong pendapat yang tun utarakan walaupun ada topik yang saya kurang faham.
Semoga tun & isteri sihat & dipanjangkan usia.
YABhg Tun,
I’d like to take this opportunity to congratulate Datuk Lee Chong Wei on winning the All-England singles title and to Datuk Seri Tony Fernandes, the Lotus Racing team principal, on the F1 Lotus Racing team good performance at the Bahrain International Circuit.
Your opinion still matters..but off course there’ll also be someone condemning you with this latest posting…and I would say these people would fall under the category of ‘unpricipalled professional’. Sekian. Terima Kasih.
Ayahanda Tun,
The biggest crooks are those breed by Malaysians. Globilisation is inevitable, Ayahanda Tun. There is no way we can escape. Is Malaysia ready for globilasation? We have to identify which parts of Malaysia are ready for globilization, then plan our strategy using grid theory. In the past, there are either winners or loosers, either you choose white or black.
Due to globalisation and human intelligence (creativity), plenty of other options availabe which could be derived from rainbow colour, hence, The ‘Rainbow’, or the effect of mother nature derived from sun and rain.
Just take some simple human intelligence and creativity, either they are crooks, robin hoods, snow white, beauty and the beast, journey to west, and etc …
1. REPO 150 can be speculated as REPO 510 since it is legal.
2. 174 pounds can be converted as RM471 because of FOREX.
3. Next, on an inside page, the headline reads “City’s biggest names face legal action over Lehman’s collapse.”
4. “I am sure Malaysian papers would have reported this.”
5. No, Malaysia papers so far have not reported this, why?
6. We will never know due to transparency without accountability and integrity?
7. That’s why Malaysia is lack of genuine FDI?
8. Why lack FDI, too many block-age due to bilateral (2 parties) trades push by BN?
9. Who are these most greedy international crooks?
10. This is why Anwar Ibrahim’s sodomy case is unsolved till today?
11. Democracy is barbaric without liberty and justice.
12. What next?
13. Tak pa, tidak tahu, buat tak tahu and buat apa nak tahu (who care)?
14. Vote BN or Vote Opposition?
15. Back to square one (racial card)?
16. Maybe fools like square one?
Good day Sir Chedet. Travelling is the best medicine beside laughing. But many of the Malaysians do not have the money to go for travelling. Hence, Majority of us are not opened mind due to limited resources (money) as the living standard is getting higher and higher each day.
any chance malaysian companies are using repo 150 as well?
Salam Tun
I certainly agree with you. However, there is the bigger problem that BN or the current government do not appear to see any problems in doing trade with the West. In fact they have been doing so since independence. So we are affected also whenever something happens in the West. Many a Moslems have been telling you again and again – look for alternative markets, trade with responsible Moslem countries whose leaders practice Islam properly and fear God. Sure, there may be many sacrifices to make and the volume and value of trade may be nowhere near to what it is at the moment. But at least you get lasting trading partners you can trust and I am sure with Allah Subhanahuwa Ta’ala’s Blessings, the trade will gro into a fruitful and large one in time.
Salam Tun,
Apa nak buat Tun, zaman sekarang semua nampak yang kaya terutama dari Barat itu bagus. Bila orang Malaysia bercakap semuanya tak benar.Perasaan terlalu mengagungkan barat ini mungkin disebabkan kesan penjajahan mereka, promoso filem mereka, dan mereka jugalah yang mengawal transaksi utama dunia. Cuma saya rasa, selagi tak kena batang hidung selagi itulah mereka akan terus menyokong mereka ini.
Dear Ayahanda Tun,
You made a very good observation and this thing has been going for some time. If it pleases Ayahanda, may I make a small correction. Its repo 105 transaction, but the gist of what you say is very correct. I say this so that the small minded people out there will not pick a bone with Ayahanda and lose the bigger picture which your trying to show
why did you bail out your son using Petronas money??? did you do a referendum from malaysian ‘s approval???
why talk about Lahmans when you are not clean…
TDM,
I think Malaysia is fast lagging behind our ASEAN counterparts in terms of competitiveness due to over-politicking.
Brader Anwar Bin Ibrahim and his band of supporters are constantly creating issues to disrupt a normalised economic development in Malaysia.
Ww are “lucky” that Thailand has another “Anwar-type” person by the name of Thanksin. If not, Thailand will be well ahead of Malaysia in terms of economic development.
Indonesia is so large compared to Malaysia, and with wealth of land, they will steer well ahead of Malaysia.
We need to take stern actions against disruptive forces of Brader Anwar Bin Ibrahim and the gang.
http://www.jurublog.blogspot.com
Hello Tun,
It is not just that they are siphoning the wealth of other countries.
America has bankrupted itself so much that in Kansas, they had to close down half its public schools. Education is an essential service. If you to close down an essential service, something is wrong somewhere.
Details here.
http://bit.ly/aH8iQ8
One more point Tun, that you can use in your argument is that today the United States has put an embargo on the free internet and the use of free software by Iran. In my project for free ERP, we have users and hackers from Iran that has told me this. On investigation, we found out that many followers of free software (even though they may not support Iran) oppose the principal of blocking an utility such as the Internet by the masses irrespective of where they are. So much for the land of the free and brave.
Having said that, my Iranian contacts also provide information of the state of affairs in their country. They are now suffering in all proportions and it has deep complicity with its relationship with the US of A. Today, their 30 year old Iranian Revolution is shaky. Even Imam Khomeini’s son is opposing the present government. Ayatollah Rafsanjani, a very close figure with the Imam is also avoiding Friday prayers there in silent protest.
My point here is that via cyberspace we can have our freedom of information to know all of the above and make our own analysis or opinion after that. Thus keeping the Internet free and open is no longer a US dominated effort but a global one.
Redhuan D. Oon
Open Source Empire
PendAtang Dengan Izin