Wahid Omar, banyak jari yang kau tunding, dengan diri tak banding!!!

BURSA Malaysia chairman Wahid Omar must have some nerves to say with a straight face READ: Bursa Malaysia’s performance is expected to recover when the global interest rate environment is more stable.

LET'S  not debate on the factuality of the statement but rather on the credibility of the man who said it ; WAHID OMAR.

WAHID Omar was appointed chairman of Bursa on April 2020, so let's have a look on how Bursa Malayia has performed say for a threw year period starting from July 6 2020 until July 10 2023.

AS can be seen clearly, Bursa Malaysia under Wahid Omar guidance had been on a one way ticket downward, losing some 12.27 per cent of its value.

DURING the same period, the Singapore benchmark index was up by 15.67 points while the Dow Jones was up by 23.74 per cent.

SO, Wahid , why did the stock market go to sleep when the rest of the world was in the midst of a history defining bull run? 

WAHID Omar before you blame others on why our stock market has no takers despite trading at a P E of 12, which is way below the index average PE of 16, ask your self about  the events leading to your appointment.  READ : Shireen Ann Zaharah Muhiudeen's appointment as Bursa Chairman REVOKED by Minister Of Finance on Governance Issues

YES, you were brought in to tighten the operational level governance on how Bursa Malaysia is run on a day today basis and not to set up a governance platform that looks good only on paper but in practise have no value .

 THE poor state of the stock exchange over a three year period is testament, that under Wahid Omar's personal priorities have taken over national interest priorities.

CONSIDER the following,  is it in the interest of Malaysia or even in the interest of the Malaysian stock exchange, for a company which has publicly stated the following READ : 

1) Revenue Group Bhd : We need to do a private placement in order to pay our staff their salaries

2) Revenue Group Bhd : We are not going to release our 4th quarter results because we have NO external auditors

YET, Revenue Group has seen RM55 million pumped into the company this year alone, via a one for one warrants conversion priced at 75 sen per conversion at a time when the mother share is trading at the 26 sen range.

DEI, Wahid Omar for RM55 million, one can buy about 211 million Revenue Group Bhd shares or 38 per cent of the company, effectively  taking over Revenue Group.

THE current  two substantial shareholders, namely Francis Leong Seng Wui,  who is fronting for the Victor Chin Boon Long Group and Teh Chee Hoe who is fronting for Hong Seng Bhd only own 55.30 million shares combined

THE  REVENUE GROUP Bhd warrant trades makes no economic sense,  but under Wahid Omar, Bursa Malaysia has been turned into a washing machine for people to make traders that makes no sence, and then cash out the money as respectable income.

Victor Chin Boon Long' s Anwar Ibrahim Problem.

A friend of mine, close to some of the closes advisors to Anwar Ibrahim, tells me that until today, the Prime Minister  hasn't signed a single document nor given verbal instructions to favour or dis favour one businessmen or company over another.

ANWAR Ibrahim is clearly playing it by the ethical books because legally, making  a recommendation to your subordinate is not a criminal offence. 

THE  Prime Minister  wants to lead by example, and the same time ingrain it into the civil service, that they will be held accountable if there are leakages,  going forward.

OVER the last couple of weeks, Victor Chin Boon Long's looked from the outside like they are back in the high life again.

TO cement  the impression that progress has been made, that once again the Victor Chin Boon Long's Group has the ear of Putrajaya, READ ;The NO Economic Sence Warrant Conversion that has pumped in RM55 million into the company, had been reignited.

WHAT more with the corporate appointments at the Bestinet Sdn Bhd level, and  the emergence of ViEW:  Bestinet CFO Kunal Tayak's 18 per cent purchase of Green Packet, and with prospects of other recognisable names such as Muhammad Qhailiz Norman and his father the big Bangla Mohd Aminul Islam Abdul Nor appearing at a latter stage.

THINGS should be looking good for Victor Chin Boon Long and his Corporate Mafia, but unfortunately it is not.

THOSE names above have been closely linked  to Victor Chin Boon Long since 2019, some of those links are tied with G3 Bhd which had a cruel role in the staged  and force demise of Green Packet Founder Puan Chan Cheong.

THE  Victor Chin Boon Long group failed to get,  a payment gateway deal done  from 2019 to 2022, when they had the ear of many a minister in putrajaya, including Khairy Jamaluddin. 

THE names that Victor Chin Boon Long's Group  are banking on are all YESTERDAY'S MEN, and as I mentioned, RECOGNISABLE  names and not BIG NAMES in Anwar Ibrahim's Corporate Malaysia.

AND what are the recognised for?  Nothing illegal, just QUESTIONABLE ethics, and unfortunate timing because the Prime Minister is ploughing a lot of resources to seed a Corporate Madani ESG platform, with ETHICS as its MAIN ROOT/FOUNDATION.

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*FOR exclusive reading pleasure of  Victor Chin Boon Long Only 

READ : The gangster, the general and the prime minister of Bangladesh

YOUR plans are in distress Victor Chin Boon Long. You are dealing with a group, that is far more sophisticated, and one wrong move at this stage, and overseas travel comes with a Caveat, detention abroad in no longer a probability, rather a clear and present POSSIBILITY.

 

Revenue Group Bhd, Walking On Very Dangerous Ground.

BURSA Malaysia has no options left except to call in the Police to probe Revenue Group Bhd's warrant conversion which makes no economic sence.

WHY the urgency ?  WELL because ina  lunch break announce today,  Revenue Group told the stock exchange another RM6.03 million was pumped into  the company artificially. 

ARTIFICAL, because the one for one conversion was done at 75 sen when the mother shares were trading at only 25.5 sen..

A genuine investor could have bought 23.5 million Revenue Group Bhd via purchases in the open market  instead of ending up with a 8.045 million shares 

SOME 62.592 million warrants were converted between April and May 2023 with a conversion price of 75 sen per warrant conversion. The conversion ratio is on a one for one basis.

THE conversions only started, after Francis Leong Seng Wui was appointed executive director. Todate, some RM55 million  have been injected into Revenue Grouoþ

o via this highly suspicious manner.

WHY should Bursa Malaysia take notice?  READ :The Entire Malaysian Stock Market Will Be Destabalised If drug money is involved.

 

Has Anwar Ibrahim failed to manage the economy?

ANWAR  Ibrahim is standing on solid ground READ : in putting to sword, those who claim that the government has failed to manage the economy.

THE Prime Minister is being factual, when he says that the Ringgit has seen worst days under the stewardship of Muhyiddin Yassin and Ismail Sabri.

BEING factually right, doesn't always equate to being absolutely truthful and honest to your audience.

ANWAR Ibrahim is doing a great dis service to himself, by comparing  himself to Muhyiddin Yassin and Ismail Sabri who are unrecognisable small namea on the global stage.

ANWAR Ibrahim is a big name, big enough to be ViEW: The Secretary General of The United Nations, should ask himself, how come READ : the Ringgit became the best currency in Asia, when he was sworn in as Prime Minister and by Jan 2023 the currency was at a healthy RM4.22 to the US dollar.

ANWAR Ibrahim's failure,was in managing expectation that were built on what this guy is actually capable of delivering.

A lot of this pent up expectations were centered on the  Madani Malaysia platform, closely followed with new infusion of talent.

THE Prime Minister though did not want to rock the boat, and therefore we are stuck with the same Attorney General , appointed by Muhyiddin Yassin.

IS it coincidence or is it providence, that many personalities within the Corporate Mafia such as Kenneth Vun Yun Liun and Victor Chin Boon Long has not been charged with anything. READ : The Royal Malayian Police have handed over the Corporate Mafia file to the Attorney General's Office.

AZAM Baki, in my opinion,  has really been trying to be a valuable asset of the Unity Government  instead of a passenger like the Attorney General, but all his good work is up in smoke because READ : Lim Kok Han has a big mouth.

THE Prime Minister has to get his appointments spot on. Get it wrong, and it will boomerang back to the Prime Minister's Office.

LOOK no further than the appointment  of Shaik Abdul Rasheed Ghaffour as the New  Governor of Bank Negara.

JUST  a few  days in the office and he is already the laughing stock of rookie currency traders for  READ : ,Telling Bloomberg that the Malaysian Ringgit is undervalued..

HELLO new Governor, did you get inside help in your university days, just to pass basic papers on economics? The reason why I am asking you this question is because, the Ringgit it now  READ : At its lowest point in history, data from Bank of International Settlements real effective exchange rate (REER) show.

THE main grouse though is people do no longer want to hear about it or even  read about it anymore but there want to see  Corporate Madani which us actually the same as the Environmental,  Social and Governance  platform  in ACTION.

The currency control, world defying playbook of 1998, was not written in Kuala Lumpur.

TUN Mahathir is suggesting yet again READ : Malaysia have a relook at implementing currency control as we have many experts in this area, from our 1998 experience.

WHO are those experts Tun? , you mean the guy who was hauled up recently together with Halim Saad by the MACC, and then pleaded with editors to keep his name out.  

THE  end game to that one, ended with Daim Zainuddin name getting trashed, when it was not he on that specific occasio, who was interviewed.

IS  that scorpion your expert Tun?  25 years have passed, I think it's time, Malaysia is told the truth, that the currency control idea, concept and how to implement it,  was not your idea, nor was it a concept visualised by your fellow Mamak friends.

LET'S  go back in time, just before 1998, the currency control playback was being written in New York, USA, by a New York Times Columnist, who was urging Asian nations to implement short term currency controls.

READ : 1998, An Open Letter to Dr Mahathir : my recent Fortune article did suggest that temporary currency controls are part of the solution for Asia, I cannot deny some responsibility for your policyturn.

MEET  Paul Krugman, a noble prize winner, the man who wrote the currency control playbook, which was plagiarised by a group of men, who did not bother to read the fine print. READ Paul Krugman : experience suggests that currency controls do most damage when they are used to defend an over-valued currency, and thereby inexorably evolve from a temporary defense against.

MEN like Dr Mahathir who did not read the fine print are suggesting a remedy mixed by Krugman for a different type of PLAGUE. 

WiseGuy inside The Corporate Mafia : The Second coming off Jesus Christ.

IT has been more than 2,000 years, but still, the second coming of Christ, tops the list as one of the most anticipated events by mankind.

WE  don't  have to wait 2,000 years for the SECOND CALL to arrive  for Victor Chin Boin Long  to make himself available.

IT is on the  way home in a blaze of glory heading Victor Chin Boon Long'a way .

 THE man, who some say is the boss of the Corporate Mafia ,  will he hold on to the code , say nothing,  accept responsibility and shoulder all the blame  or will he SNITCH.

IF snitch it is,  one wonders who will be the weakest link in the Corporate Mafia  family. 

MY  guess is,  it is Eddie Ng Chee Siong' s slap happy friend, the one,  who has not been able to READ :provide a convincing explainstion on how nearly RK50 million came into Revenue Group in a manner thar defies economic sence.

THE physically condensed man, who likes to introduce himself as from Greenpacket. Leong Seng Wui alias Francis.

 

Muhyiddin Yassin , Did You Sign The Malay Proclamation ?

A simple YES  or NO, will do from the self proclaimed Abah of the Nation, , although i suspect Muhyiddin Yassin will do his best to swipe off the question. 

MUHYIDDIN Yassin, we do not want to know READ: why the meeting did not specifically discuss the Malay Proclamation..

THE state of the nation is such that everyone wants to know,  if the self confessed  Abah of the Nation had put his signature on the proclamation or not.

THE last time Muhyiddin Yassin did not sign a document  whole heartedly, Abah became a laughing stock, ;  the new PM TEPI .

 READ : I was asked to sign a document in agreement, but we have unanimously agreed under known reasons why we cannot be with PH

PAS leaders such as Hadi Awang and Takiyuddin  have already signed the Malwy proclamation,  so why is  Muhyiddin Yassin so reluctant to state if had signed it  or not.

ACTUALLY,  I already suspected. Muhyiddin Yasim won't sign the proclamation because if he does  then he must READ : humilate himself and sign the same proclamation/ confession, that Bersatu after Dr Mahathir was sacked had become yet another Parti Melayu atas nama Agama, Bangsa dan Negara sudah diseleweng menjadi parti untuk memewahkan diri.

I doubt if Tun Mahathir will take Muhyiddin Yassin's snubs lightly nor will he take it too kindly that Muhyiddin Yassin had opted to be Tun's spokesperson by staing.  READ :  :that Dr Mahatir has agreed to help increase the support of PN.

THE show has just begun. Dr Mahathir cannot show his face outside of his house without Muhyiddin Yassin's signature  on the proclamation,.

 MUHYIDDIN Yassin  might as well call himself ABAH TIRI if he accepts Dr Mahathr's a point of view that READ ; ,Malays lost everything only after Mahathir stopped being the Prime Minister