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.HomeAboutContactRSS Feedon iTuneson Twitter.Friday 14/1/11
Broadcasted on January 14, 2011
Why has Najib planned a suprise visit to Sungai Asap, Bakun? Could it be to do with the upcoming election? Will money and promises be handed out? Will the locals believe it? We speak to the people who are leading the locals to justice. Famous Sape player Miku Loyang discusses the issue and treats us to some live music from the jungle! RPK comments on the debate between Anwar Ibrahim and Khairy Jamaluddin.
Podcast: Download
4 Comments
Saturday, January 15, 2011
RADIO FREE SARAWAK
Dear Friends, please give a listen to this underground radio station. Go to this link please: http://radiofreesarawak.org
It is NOT a political party's station nor a government....it tries to expose the truth. Unlike local mass media that is super-pro BN.
It is NOT a political party's station nor a government....it tries to expose the truth. Unlike local mass media that is super-pro BN.
Friday, January 14, 2011
OUR EPF MONEY...what the bloody...heck! errrrr
Sent: Tuesday, January 11, 2011 3:12 PM
Subject: EPF's RM75B for NYSE listed mystery company?
EPF's RM75b for NYSE-listed mystery company?
By FMT Staff
KUALA LUMPUR: The government's decision to channel RM75 billion of public funds from the Employees Provident Fund to an “unknown foreign portfolio” in New York has got Indera Mahkota MP Azan Ismail worried.
"All we know at this point is that RM75 billion of EPF funds will be invested into a foreign portfolio. Who and what the portfolio is no one knows. It does not make sense.
"I'm guessing the investment is linked to the New York Stock Exchange (NYSE) where the Malaysian government has a company which is listed. But todate the company remains a mystery.
"We are concerned that the EPF funds will be injected into this company to save it because this mystery company cannot sustain itself," he said.
Azan also expressed concern that there may exist a pre-arranged channel in NYSE and Prime Minister Najib Razak's announcement was a sign to prepare the channeling of public money into this mysterious company.
"I am guessing that the EPF funds will be used as capital to boost this crony company and ensure it remains listed," Azan revealed to Suara Keadilan.
Deficit budget
He has also questioned the basis of the government's decision to expand the role of the “foreign potfolio” when Najib had in his budget asserted that the Malaysian government was encouraging private sector investment in the domestic market.
He said the government's decision to channel funds abroad was against its aspiration to entice private sector investment into the country and thus drive the high-income agenda.
Azan said what is also worrying is the deficit budget and increasing national debt of 18% from RM378 billion in 2009 to RM441 billion this year.
"I'm concerned that the government had only set aside 5% of the RM212 billion budget towards loan repayments. That means we are only paying RM10 billion towards the loans.
"On the RM441 billion debt, this translates to less than 2% of the budget... it's poor financial management and is not right," he said.
Subject: EPF's RM75B for NYSE listed mystery company?
EPF's RM75b for NYSE-listed mystery company?
By FMT Staff
KUALA LUMPUR: The government's decision to channel RM75 billion of public funds from the Employees Provident Fund to an “unknown foreign portfolio” in New York has got Indera Mahkota MP Azan Ismail worried.
"All we know at this point is that RM75 billion of EPF funds will be invested into a foreign portfolio. Who and what the portfolio is no one knows. It does not make sense.
"I'm guessing the investment is linked to the New York Stock Exchange (NYSE) where the Malaysian government has a company which is listed. But todate the company remains a mystery.
"We are concerned that the EPF funds will be injected into this company to save it because this mystery company cannot sustain itself," he said.
Azan also expressed concern that there may exist a pre-arranged channel in NYSE and Prime Minister Najib Razak's announcement was a sign to prepare the channeling of public money into this mysterious company.
"I am guessing that the EPF funds will be used as capital to boost this crony company and ensure it remains listed," Azan revealed to Suara Keadilan.
Deficit budget
He has also questioned the basis of the government's decision to expand the role of the “foreign potfolio” when Najib had in his budget asserted that the Malaysian government was encouraging private sector investment in the domestic market.
He said the government's decision to channel funds abroad was against its aspiration to entice private sector investment into the country and thus drive the high-income agenda.
Azan said what is also worrying is the deficit budget and increasing national debt of 18% from RM378 billion in 2009 to RM441 billion this year.
"I'm concerned that the government had only set aside 5% of the RM212 billion budget towards loan repayments. That means we are only paying RM10 billion towards the loans.
"On the RM441 billion debt, this translates to less than 2% of the budget... it's poor financial management and is not right," he said.
Thursday, January 6, 2011
TEOH BENG HOCK, we will fight for you till the end!
FOR RM2400.00 ON FLAGS THEY DID EVERYTHING AND FORMER MB TOYO RM24 MILLION NOTHING HAPPENED ..... NOW CHARGED BUT I BET IT IS A SHOW ... FOR VOTES
"We cannot accept or respect this verdict"
Pauline Wong
newsdesk@thesundaily.com
SHAH ALAM (Jan 5, 2011): The open verdict is one that will not be accepted by the family of Teoh Beng Hock, and they demand answers to his death and justice to be done.
Speaking in tears in a press conference after the verdict was delivered by coroner Azmil Muntapha Abas at the magistrate's court here today, Teoh’s younger sister Lee Lan said: "Is this your answer? We cannot accept or respect this verdict. How can we find peace with this verdict? This is a homicide case – everyone can see that."
Teoh's mother Teng Shuw Hor was also seen crying.
From left: Teoh's mother Teng, sister Lee Lan and father Teoh Leong Hwee
seen outside the court.
Counsel for Teoh’s family Karpal Singh said that the family has been advised to apply for a revision to the verdict to the high court and that the family will push for a finding of homicide.
"The coroner should not have given an open verdict. This is a miscarriage of justice as the evidence shows that this is homicide," said Karpal.
Karpal will also be pushing for a Royal Commission of Inquiry (RCI), to run concurrently with the revision.
"I do not think the public will accept the decision. We will file for both as soon as possible – it will be given top priority."
Lead counsel Gobind Singh Deo questioned the Malaysian Anti-Corruption Commission (MACC) on the findings by Azmil on pre-fall injuries, and urged the police to relook their reports.
"The standard of investigation was far from satisfactory in many aspects," said Gobind.
DAP stalwart Lim Kit Siang paralleled Karpal’s comment, adding that the open verdict has pushed the 18-month long case back to the start.
"Although the coroner has accepted that there were pre-fall injuries, there is still a need for a total, comprehensive investigation to all aspects leading to Teoh’s death," said Lim.
"What happened on July 16, 2009, has shaken public confidence on key institutions to the very root, and that has not been restored or remedied. The PM himself has given assurance to the family that if the family is not satisfied, an RCI will be given. It is time for him to honour his word," he added.
DAP Seri Kembangan assemblyman Ean Yong Hian Wah expressed disappointment over the verdict. "I am disappointed with the open verdict and we will use all our means to find the truth."
Ean Yong, for whom Teoh was a political aide, also urged the prime minister to set up the commission.
"We cannot accept or respect this verdict"
Pauline Wong
newsdesk@thesundaily.com
SHAH ALAM (Jan 5, 2011): The open verdict is one that will not be accepted by the family of Teoh Beng Hock, and they demand answers to his death and justice to be done.
Speaking in tears in a press conference after the verdict was delivered by coroner Azmil Muntapha Abas at the magistrate's court here today, Teoh’s younger sister Lee Lan said: "Is this your answer? We cannot accept or respect this verdict. How can we find peace with this verdict? This is a homicide case – everyone can see that."
Teoh's mother Teng Shuw Hor was also seen crying.
From left: Teoh's mother Teng, sister Lee Lan and father Teoh Leong Hwee
seen outside the court.
Counsel for Teoh’s family Karpal Singh said that the family has been advised to apply for a revision to the verdict to the high court and that the family will push for a finding of homicide.
"The coroner should not have given an open verdict. This is a miscarriage of justice as the evidence shows that this is homicide," said Karpal.
Karpal will also be pushing for a Royal Commission of Inquiry (RCI), to run concurrently with the revision.
"I do not think the public will accept the decision. We will file for both as soon as possible – it will be given top priority."
Lead counsel Gobind Singh Deo questioned the Malaysian Anti-Corruption Commission (MACC) on the findings by Azmil on pre-fall injuries, and urged the police to relook their reports.
"The standard of investigation was far from satisfactory in many aspects," said Gobind.
DAP stalwart Lim Kit Siang paralleled Karpal’s comment, adding that the open verdict has pushed the 18-month long case back to the start.
"Although the coroner has accepted that there were pre-fall injuries, there is still a need for a total, comprehensive investigation to all aspects leading to Teoh’s death," said Lim.
"What happened on July 16, 2009, has shaken public confidence on key institutions to the very root, and that has not been restored or remedied. The PM himself has given assurance to the family that if the family is not satisfied, an RCI will be given. It is time for him to honour his word," he added.
DAP Seri Kembangan assemblyman Ean Yong Hian Wah expressed disappointment over the verdict. "I am disappointed with the open verdict and we will use all our means to find the truth."
Ean Yong, for whom Teoh was a political aide, also urged the prime minister to set up the commission.
My Letter to YOU for Jan.2011 - THERtree #37
AS USUAL TO ENLARGE IMAGE PLEASE POINT CURSOR AT IT AND CLICK.
Monday, January 3, 2011
WHAT IS PAKATAN DOING IN SELANGOR.
Get familiar with what is happening in Selangor. See their key
> achievements
> and much more in the attchment. we must continue to vote for Pakatan in
> the
> coming election
>
> KEY ACHIEVEMENTS IN PAKATAN SELANGOR
>
> The MES programme is a series of welfare-based packages that have been
> rolled out phase by phase since 2008. It started with Phase I with seven
> programmes. This was followed by Phase II which began in 2009. Phases III,
> IV and V are expected to be implemented from 2010 onwards in a systematic
> manner. The Selangor government expects to continue brainstorming new
> policies and programmes that will benefit its residents. For more
> information, go to www.mes.selangor.gov.my
> <http://www.mes.selangor.gov.my/>
>
>
> PHASE I
>
> 1. Free water supplies for the first 20 cubic meters
>
> * Objective: to alleviate financial burden of the people.
>
> * 1.5 million individual meter users in Selangor have benefitted from this
> initiative.
>
> * RM 166.7 million spent since its inception.
>
> 2. Program to increase rock and mineral revenue
>
> * Kumpulan Semesta Sdn Bhd established to focus on managing sand mining in
> Selangor
>
> * New approaches to rock and mineral extraction adopted.
>
> * Profits from sand royalty in 2009: RM 4.68 million.
>
> * Revenue obtained is redistributed to the people via welfare programmes.
>
> * Please visit www.semesta.com.my <http://www.semesta.com.my/> for more
> information.
>
> 3. Rewards for children enrolling in university (Yayasan Warisan Anak
> Selangor, YAWAS)
>
> * RM 1000 award given to Selangor-born students enrolling in university.
>
> * Reserved for those with family incomes below RM 1500.
>
> * 7339 students have benefitted from the initiative.
>
> 4. Tabung Warisan Anak Selangor (TAWAS)
>
> * Insurance coverage for Selangor-born babies up till the age of 18.
>
> * Policy starts with an initial fund of RM100 that is later invested.
>
> * All will receive RM1500 upon turning 18 years of age.
>
> * 19,210 babies have been registered for the scheme.
>
> * 15,802 applicants have been approved
>
> * A sum of RM1,342,400 has been paid to participating banks
>
> * Please visit www.tawas.org.my <http://www.tawas.org.my/> for more
> information
>
> 5. Friendly Scheme for Senior Citizens (Skim Mesra Usia Emas, SMUE)
>
> * RM 2500 awarded to named offspring of deceased senior citizen and person
> with disability, provided that they lived in Selangor for more than 10
> years
> and are at least 60 years old at the time of death.
>
> * 13,342 families have benefitted from the scheme.
>
> * As of January 2010, more than 122,000 have registered for the scheme.
>
> * The Selangor government has spent more than RM21.6 million since its
> inception.
>
> * Approximately 300,000 senior citizens live in Selangor, with about 9,000
> deaths expected on average every year.
>
> * The scheme has successfully registered more than 40% of the total number
> of senior citizens in Selangor, expected to reach 50% by March 2010.
>
> 6. One stop crisis centre (OSCC)
>
> * Objective: to aid women and children in rape cases, domestic violence,
> or
> abuse.
>
> * 6 OSCCs established in hospitals Ampang, Serdang, Selayang, Sungai
> Buloh,
> Klang, and Kajang.
>
> * OSCC seminar successfully conducted in 37 DUNs.
>
> * OSCC Phase 2:
>
> o Public education on household violence and child and sexual abuse.
>
> o Protection of women in terms of infrastructure, counseling, and legal
> aid.
>
>
> 7. Estate workers' children's education fund
>
> * Provision of scholarship to children of estate workers.
>
> * Finances the building and maintenance of hostels for these children.
>
> * 130 children have benefitted and furthered their studies at INPENS.
>
> layout BI:Layou
>
>
>
> ............................Why Not Pakatan................??
>
> Selangor Key achievements
>
>
>
> For those of you who are living or working in Selangor, this is a summary
> of
> the Selangor State Government's report to the rakyat.
> A lot of the information contained in this report will never be reported
> in
> the main stream media and the local papers , so the only way the good work
> of the state government can be made known to the rakyat is by personal
> emails. People power!
>
> Please do not hesitate to forward it to your friends and relatives.
>
>
>
>
> achievements
> and much more in the attchment. we must continue to vote for Pakatan in
> the
> coming election
>
> KEY ACHIEVEMENTS IN PAKATAN SELANGOR
>
> The MES programme is a series of welfare-based packages that have been
> rolled out phase by phase since 2008. It started with Phase I with seven
> programmes. This was followed by Phase II which began in 2009. Phases III,
> IV and V are expected to be implemented from 2010 onwards in a systematic
> manner. The Selangor government expects to continue brainstorming new
> policies and programmes that will benefit its residents. For more
> information, go to www.mes.selangor.gov.my
> <http://www.mes.selangor.gov.my/>
>
>
> PHASE I
>
> 1. Free water supplies for the first 20 cubic meters
>
> * Objective: to alleviate financial burden of the people.
>
> * 1.5 million individual meter users in Selangor have benefitted from this
> initiative.
>
> * RM 166.7 million spent since its inception.
>
> 2. Program to increase rock and mineral revenue
>
> * Kumpulan Semesta Sdn Bhd established to focus on managing sand mining in
> Selangor
>
> * New approaches to rock and mineral extraction adopted.
>
> * Profits from sand royalty in 2009: RM 4.68 million.
>
> * Revenue obtained is redistributed to the people via welfare programmes.
>
> * Please visit www.semesta.com.my <http://www.semesta.com.my/> for more
> information.
>
> 3. Rewards for children enrolling in university (Yayasan Warisan Anak
> Selangor, YAWAS)
>
> * RM 1000 award given to Selangor-born students enrolling in university.
>
> * Reserved for those with family incomes below RM 1500.
>
> * 7339 students have benefitted from the initiative.
>
> 4. Tabung Warisan Anak Selangor (TAWAS)
>
> * Insurance coverage for Selangor-born babies up till the age of 18.
>
> * Policy starts with an initial fund of RM100 that is later invested.
>
> * All will receive RM1500 upon turning 18 years of age.
>
> * 19,210 babies have been registered for the scheme.
>
> * 15,802 applicants have been approved
>
> * A sum of RM1,342,400 has been paid to participating banks
>
> * Please visit www.tawas.org.my <http://www.tawas.org.my/> for more
> information
>
> 5. Friendly Scheme for Senior Citizens (Skim Mesra Usia Emas, SMUE)
>
> * RM 2500 awarded to named offspring of deceased senior citizen and person
> with disability, provided that they lived in Selangor for more than 10
> years
> and are at least 60 years old at the time of death.
>
> * 13,342 families have benefitted from the scheme.
>
> * As of January 2010, more than 122,000 have registered for the scheme.
>
> * The Selangor government has spent more than RM21.6 million since its
> inception.
>
> * Approximately 300,000 senior citizens live in Selangor, with about 9,000
> deaths expected on average every year.
>
> * The scheme has successfully registered more than 40% of the total number
> of senior citizens in Selangor, expected to reach 50% by March 2010.
>
> 6. One stop crisis centre (OSCC)
>
> * Objective: to aid women and children in rape cases, domestic violence,
> or
> abuse.
>
> * 6 OSCCs established in hospitals Ampang, Serdang, Selayang, Sungai
> Buloh,
> Klang, and Kajang.
>
> * OSCC seminar successfully conducted in 37 DUNs.
>
> * OSCC Phase 2:
>
> o Public education on household violence and child and sexual abuse.
>
> o Protection of women in terms of infrastructure, counseling, and legal
> aid.
>
>
> 7. Estate workers' children's education fund
>
> * Provision of scholarship to children of estate workers.
>
> * Finances the building and maintenance of hostels for these children.
>
> * 130 children have benefitted and furthered their studies at INPENS.
>
> layout BI:Layou
>
>
>
> ............................Why Not Pakatan................??
>
> Selangor Key achievements
>
>
>
> For those of you who are living or working in Selangor, this is a summary
> of
> the Selangor State Government's report to the rakyat.
> A lot of the information contained in this report will never be reported
> in
> the main stream media and the local papers , so the only way the good work
> of the state government can be made known to the rakyat is by personal
> emails. People power!
>
> Please do not hesitate to forward it to your friends and relatives.
>
>
>
>
Saturday, January 1, 2011
THE GREEDY PM - LUST, GREED, CORRUPT PRACTICES......
Posted by admin.....By
Choo Sing Chye
Ipoh has changed so much
over the years since the Tin bust, nobody seems to know that Ipoh used to
be synonymous with tin.
The last time I
met a friend who was born after the Tin-bust, I asked him in jest, “Do you
know what Ipoh 's famous for?R21;
He gave me a
blank look. Anyway, not wasting any time, I told him, “Tin-lah.” “If there
is no tin, Ipoh wouldn’t be here. It would be just another Orang Asli
settlement. He squinted his eyes and responded, “Are you sure? I thought it
was Nga-Choy-Kai.”
Thanks to
Barisan Nasional for single-handedly transforming Ipoh from a rich and
bustling Tin-City to a Nga-Choy-Kai (Bean-Sprout Chicken) industry. Ipoh
never recovered from this fatal stroke of incompetence and greed to corner
the World Tin Market. As a result of this, the once vibrant Tin Industry
was totally wiped out.
It all started
with a shady Egyptian tin trader by the name of David Zaidner. He worked
for the commodities firm Marc Rich & Co in Switzerland .
Actually, he
first approached the Indonesian government thinking that they were stupid
enough to buy his idea of cornering the tin market. But the Indonesians
smelled a con job and had him kicked out of the country.
Next, he
couldn’t believe his lucky stars when his idea was accepted with enthusiasm
by our then brand-new Prime Minister, Tun Dr Mahathir. A plan was quickly
hatched to corner the World Tin market.
In December
1980, the state-owned Malaysian Mining Corp. Bhd. named Marc Rich as its
trading agent in a move that would shock the world commodities industry.
Secret large tin
purchases were made on the London Metal Exchange and went unabated
throughout 1981, inducing a worldwide price increase. The strategy was
cheap and simple. Malaysia had to only pay a 10 percent deposit against
three-month' s forward purchase contracts.
When the price
of tin shot up in the world market, the Malaysian government thought it had
scored a huge victory. But unexpectedly, the price increase attracted many
world producers to increase tin production and even the United States began
selling from its strategic stockpiles to take advantage of the
Malaysian-induced price rises.
Subsequently,
Malaysia amassed about 50,000 tons of tin and had no other choice but to
keep buying just to keep prices up. Production continued to soar and even
unheard-of suppliers started to turn up to cash in on the high tin price.
The world tin market went berserk and it crashed.
Malaysia lost an
estimated US$250 million on its failure to
honour forward contracts, and another local bank lost another US$1 billion in separate losses on
loans it had made covertly out of its Hong Kong subsidiary.
For five years
Mahathir categorically denied that Malaysia had anything to do with the
plan but as outside pressure mounted, Mahathir finally revealed the details
in 1986.
Marc Rich was
finally indicted and arrested then extradited to the United States and
convicted of massive tax fraud.
Think of the
billions of ringgit taken out of our economy in Perak when the tin price
went bust. Had Mahathir not meddled with the tin price, we wouldn’t have
lost 30 years of Tin export income. Perak wouldn’t have been relegated from
one of the richest states to a poor one like today.
Another good
example akin to the Perak demise is Terengganu. If all the oil royalties go
to the people of Terengganu, Terengganu would be an advanced state at par
with Selangor. But unfortunately, these royalties go to the pockets of BN
politicians and cronies in the form of “Duit Esan”.
By Choo Sing Chye
Researched
from Steven Schlossstein’ s book, Asia ’s New Little Dragons.
Choo Sing Chye
Ipoh has changed so much
over the years since the Tin bust, nobody seems to know that Ipoh used to
be synonymous with tin.
The last time I
met a friend who was born after the Tin-bust, I asked him in jest, “Do you
know what Ipoh 's famous for?R21;
He gave me a
blank look. Anyway, not wasting any time, I told him, “Tin-lah.” “If there
is no tin, Ipoh wouldn’t be here. It would be just another Orang Asli
settlement. He squinted his eyes and responded, “Are you sure? I thought it
was Nga-Choy-Kai.”
Thanks to
Barisan Nasional for single-handedly transforming Ipoh from a rich and
bustling Tin-City to a Nga-Choy-Kai (Bean-Sprout Chicken) industry. Ipoh
never recovered from this fatal stroke of incompetence and greed to corner
the World Tin Market. As a result of this, the once vibrant Tin Industry
was totally wiped out.
It all started
with a shady Egyptian tin trader by the name of David Zaidner. He worked
for the commodities firm Marc Rich & Co in Switzerland .
Actually, he
first approached the Indonesian government thinking that they were stupid
enough to buy his idea of cornering the tin market. But the Indonesians
smelled a con job and had him kicked out of the country.
Next, he
couldn’t believe his lucky stars when his idea was accepted with enthusiasm
by our then brand-new Prime Minister, Tun Dr Mahathir. A plan was quickly
hatched to corner the World Tin market.
In December
1980, the state-owned Malaysian Mining Corp. Bhd. named Marc Rich as its
trading agent in a move that would shock the world commodities industry.
Secret large tin
purchases were made on the London Metal Exchange and went unabated
throughout 1981, inducing a worldwide price increase. The strategy was
cheap and simple. Malaysia had to only pay a 10 percent deposit against
three-month' s forward purchase contracts.
When the price
of tin shot up in the world market, the Malaysian government thought it had
scored a huge victory. But unexpectedly, the price increase attracted many
world producers to increase tin production and even the United States began
selling from its strategic stockpiles to take advantage of the
Malaysian-induced price rises.
Subsequently,
Malaysia amassed about 50,000 tons of tin and had no other choice but to
keep buying just to keep prices up. Production continued to soar and even
unheard-of suppliers started to turn up to cash in on the high tin price.
The world tin market went berserk and it crashed.
Malaysia lost an
estimated US$250 million on its failure to
honour forward contracts, and another local bank lost another US$1 billion in separate losses on
loans it had made covertly out of its Hong Kong subsidiary.
For five years
Mahathir categorically denied that Malaysia had anything to do with the
plan but as outside pressure mounted, Mahathir finally revealed the details
in 1986.
Marc Rich was
finally indicted and arrested then extradited to the United States and
convicted of massive tax fraud.
Think of the
billions of ringgit taken out of our economy in Perak when the tin price
went bust. Had Mahathir not meddled with the tin price, we wouldn’t have
lost 30 years of Tin export income. Perak wouldn’t have been relegated from
one of the richest states to a poor one like today.
Another good
example akin to the Perak demise is Terengganu. If all the oil royalties go
to the people of Terengganu, Terengganu would be an advanced state at par
with Selangor. But unfortunately, these royalties go to the pockets of BN
politicians and cronies in the form of “Duit Esan”.
By Choo Sing Chye
Researched
from Steven Schlossstein’ s book, Asia ’s New Little Dragons.
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