State of the Nation : The Great Up Date.

YOU can't teach an old dog new tricks, hit the G spot this week , when the MACC top men's great up date, hit a home run on the hollow charts.

THE easiest , definition of hollow is an empty space while on abstract terms it refers to something lacking substance.

Abdul Halim Aman's presser, begins with an excuse  READ :  that it has been a steep learning curve for the 69 year old.

PARDON me for being ignorant,  as I had the impression  that at this level, we are not going to sit across the fire and dish out some of meanest version of kumbaya.

WE aren't even half way yet to rock bottom and I am reminded by Google's Artificial Intelligence  on why Asset Declaration are deemed as toothless political gimmick by the people born in this century.

THE AI mockingly harps on how cryptocurrency blindspots will be having a field day with asset declarations.

SHOULD those declarations not be assessable to the public for scrutiny, should definitely place it on the year end bucket list for 2026 biggest waste of time.

MIND you the MACC is silent if the assest declarations are limited to those serving in the agency or does it include spouse, girlfriends, mistress and children and their partners too.?

State of the Nation : The Tanco barbarian at the gate

SHORT of an intervention from  providence, Tanco Holdings shares, come Monday will go down with a billion shares already standing at the gate. 

RETAILERS got burnt at levels , we should be alert on the possibilities of a suicide solution due to too heavy losses. 

BUT for once the biggest lovers are the bankers who are holding on to pledge shares by the major stakeholders. 

THE affected bankers are ; 

1 AFFIN HUANG

2 APEX securities

3 CGS sec

4 MERCSEC

5 MAYBANK SEC

6 ALLIANCE SEC

7 HSBC SEC

8 TA SEC

9 KENANGA SEC

State of the Nation : No More I Love You's

A full blown bromance between Housing Minister David Nga Kor Ming and Francis Leong Seng Wui, have shaken the Madani Government to its core .

SINGAPORE'S  CNA  even goes  on to state ,READ :the aftermath of the Corporate Mafia scandal, is a pull factor on an earlier then expected nation wide election.

THE bromance ,had monolistic tendencies , that allowed Francis Leong Seng Wui a seat as executive director in three Kreditkomuniti entities, as well as a plan to rehabilitate Revenue Group Bhd's broken reputation.

IT was around this time (Feb 2024) , plans were READ: announced to infuse Revenue Group into the nation's transit payments via Keretapi Tanah Melayu Bhd (KTMB) open payment system.

NGA Kor Ming,  eventually got cold feet, due to the pressure placed on yours truly,  but sadly though, the senior partner  in the Pakatan Harapan  venture , failed to read the tea leafs.

INSTRUCTIONS on the tea leaf was simple, READ  : do not pander to Leong Seng Wui. Instead detain him, and put him on trial. Failing to do so would result in the Malays losing their slowly being rebuilt confidence on Anwar Ibrahim and his Madani Government.

OF course some 848 days ago, or to be exact 28 months ago, not many people knew ,about the short wanker named Leong Seng Wui , but I did, and so did Nga Kor Ming.

 NGA Kor Ming these days is afraid to speak about Kreditkomuniti,  because he knows that the evidence trail is too thick to be erased.

ANWAR Ibrahim though, can still come out as the apex winner .  The Prime Minister should start with Francis Leong Seng Wui....

 

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WiseGuy inside The Corporate Mafia : Malaysia's Capital Market Requlator is a minnion.

From the top man  and below, there is something very damning about the Securities Commission. 

Fittingly, the SC is stuck with the wisdom of old ; ``He who turns his ear from hearing the law, even his prayer is an abomination``

AZIZI Othman sows praise on the SC, only to further down the path to expose the SC minnion like submission. READ :SC has sophisticated technical capabilities comparable to international standards.

YET it's lack of a moral fiber, allowed the 1MDB  robbery to go unchallenged despite numerous securities laws being breached .

IF 1MDB was the exception,  the SC today would still be respected, but unfortunately it was the norm for the minnion disguised as a regulator.

DONT even have to jump on the Corporate Mafia saga, to see that the SC , has always been infamous  for paltry fines, in action and a lack of credibility. READ : Delloite's serious RM2.4 billion breach, met by RM2.2 million fine and no criminal action against the signing partner.

 SC, regardless on who the executive chairman is, a minnion thar is more than , happy to be subservient  to market  based syndicates.

KENNETH  Vun Yun Liun pushed DVM Bhd shares n in market cap, was fined about 10 per cent of the value, while John Soh Chee Wen's RM500 million drama, settled with a RM6 million fine.

STILL it did not end well for John Soh, who may have convinced himself that the stars were shinning on him again, following the SC bending backwards to accommodate John Soh's return to the high life.

JOHN Soh , then did what he did often in Malaysia,  in Singapore, which was instantly met with island requlator promptly sending out a Fxxk Around and Find Out notice to the tycoon.

READ :John Soh , gets 36 years prison sentence for Singapore SD8 billion penny stock meltdown 

INTERESTINGLY,  seven years latter, Kenneth Vun Yun Liun, exposed the SC  for what it is ; a minnion with no zeal for action.

THE Edge,  must have been at its dark humour best,  by describing the 2020 meltdown  in KL ,  being stirred by hidden hands.

THOSE hands belong to READ : Kenneth Vun Yun Liun, with nine companies with strange trades operating from the Sabahan's Menara Lien Hoe office.

AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya.

WAS Kenneth Vun Yun Liun  ever charged? NO he was not but the journalist who broke the story, would have ended up in jail if the Attorney General's office had its way, some would say.

ULTIMATELY  if the SC was not fixed lovingly to its preferred role as the minnion moonlighting as a requlator with dignity and integrity had delivered on the role it's being paid  to do, Kenneth  Vun Yun Liun , would be in jail today and there would be no need for a witch hunt on  journalist.

 

State of the Nation : Too much fat @ Securities Commission

MALAYSIA has done a great disservice to her self in maintaining  Mohammad Faiz Azmi, as Securities Commission chairman.

IN a month, in which non medical related obese people are in the limelight, following Johan Ghazali's I do not like fat people confession on Tik Tok, the SC chairman has don't nothing to break the hand in glove assumption;  fat people equals to incompetence..

READ: Johan Ghazali: 'I don't like fat people...but...hear me out

Mohammad Faizi Azmi, has fits the box to be the poster boy,  for the bad fat vibes in our way..

THE man intentionally or orherwise, has lost the plot on. how a competent. Securities Commission operates.  The SC role is to boss companies into good governance if. need be .

IT is not here to artificially makes companies look good by hiding the fowl dung in some secret chambers.

I don't expect the SC chairman to leave. In competent people rarely do

State of the Nation : Press Freedom

WANT to know the level of press freedom  we have? Well it's not in the ranking we are at but rather in the colour code we have been stuck in for the past two decades.

THE good thing is we have not regressed or progressed in the colour code that says the amount of press freedom one has. READ : In 2002, 20% of the global population lived in a country where the state of press freedom was categorised as “good.” Twenty-five years later, less than 1% of the world’s population lives in a country that falls under this category.

AS you can see we have always been stuck just one level below the worst category of very serious.

OUR environment has been stuck for decades at DIFFICULT.  

THEREFORE it really doesn't matter if we are 16 rungs up or 9 rungs down,  because the environment is still categorised as being difficult. 

WiseGuy inside The Corporate Mafia : SC chairman making an idiot of himself.

MOHAMMAD  Faiz Azmi, the executive chairman of the Securities Commission, despite being overweight, has been digging diligently his own grave.

BY opening his mouth, Mohammad  Faiz Azmi, hasn't impressed with his intelligence but  has brought  attention to his incompetence. READ :SC cannot act on allegations if they fall outside securities laws.

FAIR statement.. But then again, why haven't you act when the Revenue Group directors Francis Leong Seng Wui and Teh Chee Hoe committed fraud? 

FRAUD because,  the directors showed a very tight Kreditkomuniti ship to shareholders on August 2025, to gain approval for a script exercise intended to raise as much as RM193 million. ViEW : Revenue Group's August 2025 proposal to shareholders

LOOK at Revenue Harvest VIEW : money lending management as at June 30 2025, where for a RM8 million loans,  the collateral is RM33 million and for a RM18 million loan, collateral is also at a fat RM33 million.

NOW,  compare this to three months latter, for the period ending Dec 31 2025, VIEW :where for a RM15 million and RM20 million loan, collateral is at RM1.6 million and RM1.8 mil.

ALSO why didn't the sc charge Victor Chin Boon Long for advising and investing for third parties without a license considering the man himself admitted in court in 2024 of doing so.?

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