The Renaissance Man, reinvents Malaysia.

THIRTY years ago,  when Anwar Ibrahim  was given the monkier The Renaissance Man , he was perhaps the most influential and popular political leader among the Malays.

YEARS of structured propaganda against the guy, eventually saw much of that support being eroded among the Malays.

TUN Mahathir and Muhyiddin Yassin had even started publicly bullying Anwar Ibrahim by calling him PM TEPI and the longest Prime Minister in waiting in the history of mankind.

AS Anwar Ibrahim , gets ready to unveil his second budget as Prime Minister cum Finance Minister, he will be doing knowing that despite being the stone rejected by most Malays, he has become the corner stone of Malaysia.

FUNDS that never visited Malaysia for decades, are now back in Kuala Lumpur looking to strike deals and promote the Malaysian stock exchange.  

WILLIAM Blair Emerging Markets Grth Fund which manages some USD$17 billion, making it the world's largest boutique, after ten years of giving Malaysia a miss,  landed in Kuala Lumpur last month.

THE Malay voters who once embraced Anwar Ibrahim only to shun him decades latter, can't run from the reality,  that even among our neighbours  Malaysia is once again feared.  READ :‘Malaysia Adalah Pesaing Yang Menakutkan’ – TV Thailand TNN.

WHILE in Indonesia, the Anwar Ibrahim Renaissance taking place in Malaysia, has held its own despite Indonesia welcoming a new President in less than a weeks time. READ :Hati-hati RI Ditikung Malaysia Rebut Harta Karun Rp 4.600 T.

AL Jazeera has the facts. READ :Dubbed the worst stock market in the world, with a growth yield of one per cent a year over the last decade, Anwar Ibrahim has turned it into among the world's best with a 17 per cent return, billion ringgit worth of data centre investments, low interest rates, higher wages

Kredit Komuniti, the road to hell is paved with good intentions.

MALAYSIA'S  Kredit Komuniti, under the housing ministry, should be restructured in a way that either keeps public listed companies out of this sector, to ensure no individual is allowed to have control over more than one license.

JUST look at Leong Seng Wui, who holds the executive directorship in Hong Seng Consolidated Bhd and Revenue Group Bhd.

BOTH those companies have license to and are operating very money lending activities, which leads to anti competitive practises.

THE  housing minister ,Nga Kor Ming who happens to be from DAP, should get of his backside and do some serious reading on how banking crisis  tend to explode in our faces.

BURRIED deep in the International  Monetary Funds library, is a paper by Anil Ari and Sophia Chen entitiled ; The Dynamics of Non-Performing Loans during Banking Crises.

THE author says READ : Non performing loans above 7 per cent , often ends up with a burst credit bubble.

AS at end of 2023 READ : Market value for moneylenders and pawnbrokers in credit community industry was at RM24.8 billion in 2023.

IS there a bubble forming ? WELL let's just look at Hong Seng Consolidated where the company had given our RM44.849 million.

NOW VIEW:  the default rate of its bad loans which is RM5.188 million which comes out to about 11.56 per cent.

REGARDLESS if one views the NPLs at Hong Seng as reasonable or not,  one cannot argue against the  poor secured asset qualities taken by Hong Seng for giving out the loans.,

ONLY a madman  or a highly suspicious entity will tell you taking a RM13.874 million security in return for giving out a loan of RM48 million is good BUSINESS.