Thursday 29 June 2017

Najib Razak. Flying Without Wings

Is the early 2000 hit by Westlife. Najib Razak is Malaysia's most maligned and underated prime minister.

He has liberalised the economy like no other prime minister before him had done, moved the economy from being over dependent on oil revenue, and basically help digitalise the economy.

Yet, he has got tangled up in the 1MDB scandal, hence not many people inside Malaysia has given him much credit, for what this man has been doing for the economy.

Foreigners are however pouring their support by voting with their money, as ploughing in record numbers into Malaysia.

Bloomberg has the story, (read below), but is Najib Razak and Malaysia *flying without wings*?:

Malaysian assets are back in favour as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.

The stark shift means that Prime Minister Datuk Seri Najib Razak, who has weathered political attacks and protests going back to 2015 over allegations involving state-owned 1Malaysia Development Bhd (1MDB), may call an early election to cement his hold on power.

The ringgit is easily the strongest major Asian currency this quarter, climbing more than twice as much as the next best, the Chinese yuan. Global funds have bought the most Malaysian stocks year-to-date since the same period in 2013, and net inflows to the bond market surged in April and May.

Malaysia has been rocked by far-reaching investigations into investment fund 1MDB, yet double-digit acceleration in the country’s exports has lifted the economy, which grew 5.6 per cent on-year in the first  quarter, the most since early 2015.

“With improving macro-economic conditions in Malaysia, we became more positive in mid-2017 for the general Malaysia outlook, although there are still political and corruption concerns,” said Hakan Aksoy, a fund manager at Pioneer Investment Management Ltd., which oversees US$244 billion (RM1.08 trillion) globally.

“As long as we see improvement on the macro data with the support of global conditions and stable energy prices, we will keep our cautiously positive stance for Malaysia,” London-based Aksoy said.

Friday 23 June 2017

Selamat Hari Raya. Twist in my sobriety

Is the 1988 , US and UK top 30 hit by Tania Tikaram, whoes mother is a Malay from Malaysia. The song remains the highest charting single by a Malay, who originates from Malaysia.

Selamat Hari Raya Everyone. If you feel that there is a twist in Your sobriety, you are not alone!!!!

Malaysia. Issues

Is the smash hit from Julia Michaels. Malaysia has some serious issues thanks to the 1MDB scandal.

One fears that what is happening now is just half way through the iceberg.

Read below, on the rating issues that could come haunt us. The report is from CNBC :

Malaysia's sovereign rating may be in trouble as an ongoing corruption saga threatens to destabilize the nation's fiscal position, S&P Global Ratings has warned.

In a Thursday statement that affirmed the Southeast Asian country's A-/A-2 foreign currency and A/A-1 local currency ratings, S&P said Kuala Lumpur's outlook remains "stable" but noted that the scandal surrounding state investment fund 1Malaysia Development Berhad (1MDB) and upcoming elections could challenge ratings in the near-to-medium term.

"Those challenges could manifest themselves via a rise in the cost of refinancing Malaysia's sizable gross external financing needs, or via nonresident outflows from Malaysia's deep local-currency government bond market," S&P said.

Tuesday 20 June 2017

Najib Razak. What If

Is the smash hit for Kate Winslet, the lead actress in the movie Titanic.

The song is taken from the album flying home for Christmas.

Just, like how the Titanic, was labeled the unsinkable ship, the Diplomat has labeled Najib as the unsinkable.

What if, such articles are being circulated to inflate the confidence of Najib, who has backed off from slapping GST on 60 goods yesterday.

Najib is also facing pressure on 1MDB, a challenge from Mahathir Mohamad and an economy that is no longer up grading the poor to middle class in numbers.

What if , What if..... Read Malaysiakini :

Leaders in Western democracies would have been doomed, but Prime Minister Najib Abdul Razak has managed to survive a series of unprecedented scandals, according to The Diplomat.

This, said the current affairs magazine, is because, in Malaysia, politicians dance to a different tune.

In an article titled “The Unsinkable Najib Razak”, The Diplomat said Najib is also expected to retain his grip on power

Sunday 18 June 2017

Part 2. Malaysia. This summer's Gonna Hurt Like A Mother Fucker

Is as we know now, is the smash hit by Maroon 5.

Last week, I told you, that for Malaysia, this summer is gonna hurt like a mother fucker.

Since then we have had the 1MDB scandal hitting global newsstands , ensuring that there is no general election this year.

My main grouse why this summer's gonna hurt like a mother fucker was the GST.

Malaysiakini has the latest GST report , read below, and with that your teh tarik and Nescafe tarik price is going to go up :

The goods and services tax (GST) will be imposed on fresh food items and more processed food items starting July 1.

China Press reported this included some seafood, vegetables, and fruits, tea, coffee, spices, and noodles. 

New items reportedly to be levied the GST include spinach, long beans, peas, potatoes, sweet corn, grapes and coconut oil. 

Customs Department director-general Subramaniam Tholasy confirmed this and said a statement will be issued soon, The Star reported.

“It’s only a few items not consumed by the masses,” he reportedly said.

Introduced on April 1, 2015, at six percent,  the GST is now zero-rated for fresh food items

Malaysia. Thank You

Is the 1969 hit from hard rockers Led Zeppelin.

It seems, Myanmar now wants to lift it's foreign workers ban on Malaysia.

Malaysia, should say thank you, but you can go fly kites to Myanmar.

CN Asia, has the story. Read Below :

By Sumisha Naidu

KUALA LUMPUR: The Malaysian government says it is unaware of Myanmar's plans to lift a ban imposed in December on workers coming to Malaysia.

The Myanmar government had told Channel NewsAsia it could lift the freeze as soon as this month. The Labour, Immigration and Population Minister says it is waiting for a final confirmation that it will be safe for Myanmar workers to return.

The ban was issued in the wake of Malaysia's vocal criticism of Myanmar's alleged mistreatment of its ethnic minority, the Rohingya,

"The world cannot sit by and watch genocide taking place," Prime Minister Najib Razak had said at a pro-Rohingya rally in Kuala Lumpur in December, slamming Myanmar's de-facto leader Aung San Suu Kyi as well.

Saturday 17 June 2017

Ringgit Malaysia. We Came To Bang

Is the massive club hit from 3Lau featuring Luciana.

We came to bang, is an understatement to what the barbarians at the gate have in store for Ringgit Malaysia.

Currently trading at RM4.28 against the US dollar and RM3.09 against the Singapore Dollar....We came to bang bang..we came to bang!!!

Friday 16 June 2017

Get Ready. Higher Pump Prices. 2U

Is the latest smash hit featuring David Guetta and Justin Bieber.
2U or is it for you, higher pump prices at the petrol stations, after Hari Raya.
Bloomberg has the story, from a global point of view, why price of fuel will tank . Read below :

As if a mini-collapse in oil prices wasn’t bad enough for OPEC, the pattern in which futures contracts are trading years from now has flipped into the worst possible structure for the exporter group.

Brent and West Texas Intermediate crudes, down almost 15 percent since late May, are both trading in contango, where forward prices get higher all the way into the next decade. While it’s a structure that normally denotes weak demand for spot cargoes, the price pattern could also be bad news for the Organization of Petroleum Exporting Countries as it can sometimes tempt producers outside the group to lock in output for future years.

Saudi Arabia is among nations that have been saying for months that a re-balancing is under way in the oil market after OPEC and other producing nations agreed late last year to cut production. That view was undermined in recent weeks by data showing that combined stockpiles of crude and fuels in the U.S., still the biggest consumer, swelled by 22 million barrels. The International Energy Agency in Paris suggested Wednesday that there’s little sign 2018 will be much better.

1MDB. Your Song

Is the current hit from Rita Ora, that is dominating the charts in the United Kingdom.

When it comes to 1MDB, there is no our song, there is Only your song.

The justice department in the USA claims that Jho Low stole just US$850 million from Malaysian tax payers.

Surprisingly, instead of rejoicing that some of the money could soon be recovered, the Prime Minister's Department has issued this very odd statement :

There hàs been numerous and extensive investigations by Malaysian authorities into 1MDB, and no crime was found. "Until then, unproven allegations should not be taken as facts."

Thursday 15 June 2017

Man Wah Holdings. 6.66. This Summer's Gonna Hurt Like A Mother Fucker

Is the Maroon 5 hit from 2016, taken from the album, as you should know now V.

Man Wah Holdings, a Hong Kong furniture maker, according to Muddy Waters, is not in the pink of health.

The stock has that , mark of the beast sign all over it, closing yesterday at 6.66 Hong Kong Dollars.

According to CIMB Malaysia, there is an 81 per cent success rate probability of a short seller managing to tank a stock on the Hang Sent Index.

Man Wah meanwhile says it may take legal action against Muddy Waters...Thus far, no legal papers has been filed....therefore for Man Wah, one could gather This Summer Gonna Hurt Like A Mother Fucker.

Malaysia. This Summer's Gonna Hurt Like A Mother Fucker

Is the massive hit for Maroon 5 from the album v, last year.

With our GDP numbers up, after a two years hiatus, the Ringgit at RM4.27 against the US dollar, and equities are poised for a massive run up, helped by the very bullish run expected from the Dow Jones, why does one still have this feeling : This Summer Gonna Hurt Like A Mother Fucker.

Let me give you a clue : GST!!!.