WHAT is the lesson can the Prime Minister learn from this episode? Delayed pain will hurt twice as much, and the more we delay it, the more painful it will get.
BACK then, being a newly minted Prime Minister, Anwar Ibrahim can be forgiven for attempting to take the populist road, by not increasing interest rates.
BANK Negara Malaysia, rectified the matter only in May, READ : when it raised the over night policy rates to three per cent.
THOSE who are now demanding that the OPR be reduced, have one screw loose in their heads, because they are ignoring the factuality on how currency markets work. READ : Kenaikkan OPR membebani rakyat, kata Muhyiddin Yassin,
HAS Anwar Ibrahim learnt anything from this blunder? I believe he has, which is why READ: the Prime Minister is going all out to kill corruption.
HIS efforts, might be painful for Malaysians,initially atleast both politically and economicly, but if we do not back the Prime Minister now, it will be devasting for Malaysia economically and politically in two years time.
FIGHTING corruption is good,but let's not forget to strictly keep our toes intact and in the good books of the Environmental, Social and Governance (ESG) rules.
BANK Negara Malaysia, Bursa Malaysia and the Securities Commission by not playing according to the ESG rules, have turned themselves into A CLEAR AND PRESENT DANGER to the well being of Ringgit Malaysia.
CONSIDER the following, alongside GHL Bhd, REVENUE Group Bhd, has one of the country's most important e payment infrastructure which Malaysia uses to connect to the outside world.
READ : Some 46.94 million ringgit has come into Revenue Group in a matter that makes no economic sense, yet until today,none of the above three institutions have publicly questioned Revenue Group's executive director Francis Leong Seng Wui about it.
WHERE is the G for Governance in all this ? NO where in sight.
TO make matters worst, Francis Leong Seng Wui was the executive director in Classita Bhd when READ :Some RM30 million went missing from the company.
TO add more misery to this story, Revenue Group Bhd, currently has NO Chief Executive Officer, NO independent auditor to check on the company and the company now is seeking READ :to not announce its fourth quarter results.
WHEN it rains, it pours. The Ringgit is already at a critical level at RM4.68 to the US Dollar, and only God knows how the political crisis in Russis might destabilise the world.
THE last thing we need now, is for a trio of smart alec' who think protecting Francis Leong Seng Wui and Revenue Group's backside is more important than the fate of 30 million Malaysians, by running circles around THE G for Governance in ESG.
LAST but not least, why should you even believe me that if Bank Negara Malaysia, the Securities Commission and Bursa Malaysia do not throw the ESG handbook on Revenue Group, the Ringgit will slide beyond RM5 to the US Dollar?
WELL because I am the guy, when everyonelse was predicting sunshine for the Ringgit back in February 2023, who told you that starting from May 2023 the Ringgit will crash!!!.
