One of the reasons that have gotten foreign investors flabbergasted yet amusing at the same time was how the Malaysian government enjoys playing the game of “Now you see it; now you don’t”. Get real, the ruling government basically has no time to manage the country’s economy with the naughty-boy Anwar keeps barking that he’ll be back by September this year for the throne that was taken away from him 10 years ago. You saw the bull running and now it’s gone. You saw private investigator P. Balasubramaniam (hired by Abdul Razak Baginda) P. Balasubramaniam claimed (via his “Statutory Declaration”) that Deputy PM Najib had a sexual relationship with Altantuya and now he’s gone.
You also saw the doctor from hospital Pusrawi who examined Saiful (claimed to be sodomised by Anwar) and found his treasure-hole was still virgin has disappeared. The country’s biggest lender, Malayan Banking Berhad, (KLSE: MAYBANK, stock-code 1155) might join the gang and it was estimated about RM480 million (US$148 million) in deposit would possibly vanished if the regulatory issue is not resolved by September. It appears many more exciting things will happen from now till September this year. Whether PM Abdullah Badawi was sincerely concern about people’s welfare or it was a decision hopefully could increase his plunging popularity prior to Anwar’s assault, the government spread the news that the fuel price could go down on 1st September. It was reported that the petrol price of RM2.70 a liter could shed 6 sen based on global oil prices of RM129 a barrel. Crude oil costs have fallen about 23 dollars since Malaysia introduced a 41-percent fuel price hike in June 2008.
People that I talked to believed it was a political gimmick in view of the coming by-election in Permatang Pauh. Forget about the previous general or by-elections. This time around UMNO is expected to display their dirtiest and most expensive by-election ever seen in the history of the country. UMNO needs to wrest the seat badly or at least reduce the opposition majority by huge number else it would be seen as another slap to Abdullah Badawi’s face, not to mention Anwar’s threat of coming back to claims his throne. The independent Merdeka Center research firm found that 54 precent people surveyed were displeased with PM Abdullah Badawi while 42 percent were satisfied with him. Interestingly people are not too optimistic with Deputy PM Najib either as their new PM as well.
By hook or by crook the ruling government needs to prolong its survivability and at the same time create as much diversion as possible from their problems. Hey! What happens to the RM4.6 billion PKFZ (Port Klang Free Zone) scandal that the Mr Clean Ong Tee Kiat promised to spill? Everyone is waiting for explosive news, preferably a new one every week. Who knows, maybe Anwar could be arrested next Monday on sodomy charges, never mind the many pieces of proofs you could pull out from the hat. Who cares if there’re hundreds of witnesses who were watching Anwar having his “Teh Tarik” on the day Saiful alleged his little hole was penetrated.
Other Articles That May Interest You …
- Maybank’s losses before it can even make a penny
- A week full of Tensions, Rumors, Sex and Lies
- Malaysia’s Biggest Scandal – Business as Usual
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August 1st, 2008 by financetwitter
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Comments
lee hwa beng has a look at the Port Klang Fleece Trade Zone and his first reaction was WHAT THE SHIT. Revenue cant even pay for the interest and despite this, the MCA goons visibly supported by the STAR reports that it is viable. He is offering the promoter (comprising MP from Sarawak, UMNO treasurer and MCA goons) to buy back the “viable” project. What happen to hm after that?
Mr Lee even lost in the latest MCA election! By the way, couldnt care less and let the corrupt MCA rot.
We should not forget that Anwar was most racist when he was in UMNO and power crazy. If he had controlled his craze for power his is PM now. Mahathir delaying tactics sent him into uncontrolled emotions and took the old tyrant head on, and both punched below the belt.
Badawi by his acceptance of the results up democracy in our country. Now at least class democracy has a fighting chance as opposed to UMNO’s racist politics for 50 years.