China, India or Turkey? Malaysia's Hobson's choice.

HOBSON's choice is is a free choice in which only one thing is actually offered. The term is often used to describe an illusion that choices are available, when in fact there is only a singular option.

MALAYSIA'S  hobson's choice though also comes with a singular option with two different set of realities.

BUT  to understand these realities, we must must first understand that despite the glowing reports foreign funds have painted Malaysia's name to, we are a nation that might soon need a supplementary budget if things don't go our way.

JUST  look at our national budget, which READ : relies on petroleum income to the tune of RM60.2 billion, based on forecast that crude oil prices will average between USD75 to USD81 per barrel

FOR the record, Brent crude currently trades at USD$72.6 per barrel, which points to two factors, namely, we are already running behind, and perhaps we have factored in going forward the Iran and Israel love story is going to get a bit more rowdier.

WHICH brings us back to the China flag waving incident in Ipoh. Are we going to be like Turkey's president Recep Tayyip Erdoğan who is always ready to VIEW : encourage his team to go just one more round.

OR are we going to take cue from what must definitely be two of the oldest civilizations in Asia, namely India and China, who have decided to let bygones be bygones, READ :so both sides can March to prosperity without spilling the other's blood.

IF we build it , it will definitely come. We as a nation and as a people, we have no choice other than HOBSON's choice to sue for peace and prosperity. 

State of the Nation: Red Flags.

SO  that UMNO hot head, the one we all like to hate, Muhammad Akmal Saleh is back again on the front pages of every mainstream press.

THIS time the UMNO man, wants READ : action to be taken against those holding up the national flag of China in Perak recently

I couldn't agree more with Akmal Saleh on this one, considering that our not so friendly far away neighbouring,  China has been READ: attempting to bully Malaysia off late.

ADD this to a new generation of Malaysian Chinese who READ: don't seem to understand Malay as well as they understand Mandarin, must surely be of concern to all those, who really love MALAYSIA .

WiseGuy inside The Corporate Mafia : The Boys of Summer in Revenue Group.

REVENUE Group Bhd's company secretary Thien Lee Mee has informed the court READ: that tensions between Eddie Ng Chee Siong and one of the Revenue Brothers had exploded on Jan 4th 2023, after Eddie Ng Chee Siong's private placement plan was opposed. 

NOW, the question here one should be asking oneself is WHY DID Eddie Ng Chee Siong become visibly angry that one of the board members would oppose his plan?

DID Eddie Ng Chee Siong have a personal interest in this transaction,  apart from the "legal three per cent finders fee , he would be able to demand from the bankers".?

WHAT know at this point of time is READ : by March 2023, large amount of Eddie Ng Chee Siong's shares were foretold, and he had to quit the company

BUT why exactly was the Revenue  Brothers suspicious of Eddie Ng Chee Siong's private placement plan? 

WAS it because, via Eddie Ng Chee Siong,  Kenanga Investment Bank had twice come into Revenue Group, and plundered the company using different masked identities? 

THE first, and I shall only elaborate on their first digitally trailed entry into Revenue Group Bhd which was on VIEW : Feb 10 2021, via Citigroup Nominess which took up some 39 million Revenue Group private placement shares on behalf of Kenanga Investors Bhd.

BY February 15 2021, Kenanga would VIEW : would dispose off 38.39 million of those private placement shares.

THAT easy profit, would make Kenanga return for more but during the Covid pandemic,  the Boys of Summer made a CARDINAL error...to be continued

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.