Economic News

[ginfreely]

Another ugly naked truth of Malaysian Chinese shared by my idol Longist. Malaysian ASEAN scholars (those staying in hostel) cheering Sporeans dead in Hotel new world collapse. Ding! Ding! Shame! Shame!

Btw Longist post was deleted by unfair Leongsam and that's why I have to link it to my post that quoted his post. And I can't paste the content here as the post was already deleted. Anyway here's the gist of it in Longist words: "I remembered the malaysian-chinese hostelites were always happy and cheered whenever something disastrous happened to s'pore. They are always happy whenever got news of s'pore fails or s'porean trips in any thing"

http://www.sammyboy.com/showthread....-stirring-shit-in-forum&p=2337595#post2337595

Do note Ding! Ding! Shame! Walk of atonement and "spread for all to see" are all the evil crap shamelessly and PROUDLY used by mudlander psychopath in the main forum. Shaming people based on opinions NOT based on facts. Low blow by Malaysian psychopath as usual. When people go low, we go high to shame them based on facts of their despicable and deplorable acts.

Well this is a property forum and I would say first and foremost important consideration for any would be buyers of property in any country should be the hostility or friendliness of the people of that country - towards you and not towards themselves! Based on my unfortunate experience in this JB forum, main forum and outside like my barbarian Malaysian Chinese neighbours, Longist account is 101% truth. Don't be conned by any sugar coating hiding the truth, which will come off quickly when in their territory - when there is conflict of interest - like when they want to keep 5 illegal dogs barking non-stop or build illegal extension encroaching on your space. Btw their territory is not necessarily restricted to JB, could be an office in Spore under their clutch based on my personal experience too.

 

[winners]

http://youtu.be/8jyBdq8W_-g

Economic part 2

Ginfreely, another Malaysian bashing Singapore spotted. It's in their genes.

To those Malaysians who are always so eager to see the downfall of the Singapore economy, don't forget that there are over 300k Malaysians working in Singapore. These may also be affected should there be a prolonged recession. I recall my neighbor telling me that during the 2007/8 financial crisis, almost all the houses along my stretch of road were empty because many of those Malaysians staying in them had to "balik kampung" as they could no longer get jobs in Singapore. So, don't be too happy because indirectly, your countrymen will also get affected to some extent and your wish may possibly backfire as well. You may be those lucky few who are not so dependent on Singapore for your daily bread, like Tekkun who is always buying properties in The UK and factories in Malaysia (true or not is up to him to say since we all know now that he has a dubious character), but do show some concern to your fellow countrymen who are not in the same league as you, especially those in JB.

And if one will just take a drive along Nusa Bestari, you'll see almost all those big furniture shops (eg: Hup Lee) will have large banners offering "Free Delivery To Singapore". Their businesses will also suffer in case of a severe and prolonged recession in Singapore.

Anyway, specifically for jasonjst, economic cycles nowadays are shorter of between 4 and 5 years, so no surprise. Must learn to upturn the downturn.

[video=youtube;CTMMRrxx-Ug]https://www.youtube.com/watch?v=CTMMRrxx-Ug[/video]

 

[Investor888]

Thanks for admiring my Sec 2 Drop out English but I read thru your postings I realise u need to see a doctor in IMH.

Doctor YC LIM ( the famous chao-keng doctor that we SAF boys used to patronize ) is waiting for you

You seem to have this obsessions over Malaysian men ( I am Sinkie by the way ) and seem to think they want trying to xxx you all the time,.. ( perhaps u got some uneventful incidents with MALAYSIAN Men in Singapore? )

I have been thinking of what you said about English standard and it suddenly dawned on me today that investor888 described the 4 am dog barking noises as "reverberated". Certainly doesn't sound like Ah Beng or the Secondary 2 dropout standard English that he proclaimed to have. Looks like in his eagerness to paint "Singaporeans are very uncivilised" and emphasised the barking noise impact, he forgot he is pretending to have Sec 2 dropout standard English. Come to think of it, I myself never describe before the barking noises from my barbarian Malaysian Chinese neighbours' 5 dogs barking incessantly at the same time, although those noises were so high pitch and so deafening and the non-stop barking drove me crazy.

Looks like heaven is watching the Malaysian evil doers. No joke but this was how it dawned on me too that Tekkun = Funniman. Heaven wants me to spread the ugly naked truth of these Malaysians for all to see. Walk of atonement is befitting for these barbarian mudlanders indeed. Ding ding shame shame is for barbarians who did evil to others. They are too much to harm me so much when they are the barbarians who did wrong and illegal things in the first place. I did them no harm nor did I do harm to anyone. Heaven will give them and other evil doers more - what they deserved for the evil and crimes that they committed. People like my barbarian Malaysian Chinese neighbours and other evil doers enjoying their bliss now - be it mudlanders or sinkies or whatever piece of sh*t - will get what they deserved one day.

 

[ginfreely]

Ginfreely, another Malaysian bashing Singapore spotted. It's in their genes.

To those Malaysians who are always so eager to see the downfall of the Singapore economy, don't forget that there are over 300k Malaysians working in Singapore. These may also be affected should there be a prolonged recession. I recall my neighbor telling me that during the 2007/8 financial crisis, almost all the houses along my stretch of road were empty because many of those Malaysians staying in them had to "balik kampung" as they could no longer get jobs in Singapore. So, don't be too happy because indirectly, your countrymen will also get affected to some extent and your wish may possibly backfire as well. You may be those lucky few who are not so dependent on Singapore for your daily bread, like Tekkun who is always buying properties in The UK and factories in Malaysia (true or not is up to him to say since we all know now that he has a dubious character), but do show some concern to your fellow countrymen who are not in the same league as you, especially those in JB.

And if one will just take a drive along Nusa Bestari, you'll see almost all those big furniture shops (eg: Hup Lee) will have large banners offering "Free Delivery To Singapore". Their businesses will also suffer in case of a severe and prolonged recession in Singapore.

Anyway, specifically for jasonjst, economic cycles nowadays are shorter of between 4 and 5 years, so no surprise. Must learn to upturn the downturn.

[video=youtube;CTMMRrxx-Ug]https://www.youtube.com/watch?v=CTMMRrxx-Ug[/video]

You mean those commenting the YouTube video? I didn't bother to watch the video. Hahahah really so it's another big endorsement of my idol Longist's account of Malaysian Chinese having no fond feelings of Sporeans and always cheering and happy to see Spore fail or Sporeans trip in anything.

Oh it's not genes lah since all Chinese in Spore come from China or Malaya last time - be it our parents, grandparents or great grandparents. Like those pioneer generation Sporeans Goh keng Swee and my parents were born in MALAYA in 1930s. It's due to jealousy and low self-esteem that developed and evolved in the last 50 years in Malaysian Chinese and emboldened by their own growing wealth in recent decades, especially the younger generation around 30 years old like my barbarian Malaysian Chinese neighbours who do not feel any tie with Sporeans at all.

 

[ginfreely]

Tsk tsk how shameless hypocrite can a Malaysian be? Mudlander kena caught by me telling lies to harm Sporeans reputation ("Sporeans are very uncivilised") and instead of being ashamed of his despicable and deplorable acts, turned around to do personal attacks - which he was falsely accusing me and condemning me for doing that - I am sure now all can see how shamelessly hypocritical LIAR a Malaysian can be.

Hey YOU investor888 LIAR, how difficult is it to give a doctor name contact especially with your extended Sporean family relatives and friends, probably complaining about NS all the time? And we have already seen your fake story telling prowess, full of details and embellishments like lady insisted on keeping her big dog as scared of robbers and all the crap. Alas but you forgot the vital detail of you saying barely a month ago that your property is a pigeon hole in city which you like living and spending 5 hours to clean.

Hahahah you can hide your good English vocab like "reverberated" but some words like spelling bungalow as BANGLO is telling and definitive sign of a Malaysian who studied in Malaysia. BANGLO is simply not in Sporean Chinese vocab. Btw my Malaysian Chinese accountant last time used to write taxi as TEKSI and mind you she is not Sec 2 dropout but University of Malaya graduate.

Oh lastly now I know probably the reason for your hatred of sinkies and like to pretend to be one and always painting Sporeans in negative light by boasting of speeding - of course you cannot be a mudlander and boasting of speeding to cast yourself in bad light - I won't be surprised if you are one those mudlander SPR wolves in sheep clothing speeding , littering , cutting queue and whatever in Spore plate car and let all the blame goes to Sporeans. Your reason of hatred is the story that you just shared to slander me - probably based on your personal true story - of you being a product of your mudlander mum having multiple uneventful incidents with sinkie men in Spore - and do not know which is the one.

Thanks for admiring my Sec 2 Drop out English but I read thru your postings I realise u need to see a doctor in IMH.

Doctor YC LIM ( the famous chao-keng doctor that we SAF boys used to patronize ) is waiting for you

You seem to have this obsessions over Malaysian men ( I am Sinkie by the way ) and seem to think they want trying to xxx you all the time,.. ( perhaps u got some uneventful incidents with MALAYSIAN Men in Singapore? )

 

[winners]

You mean those commenting the YouTube video?

No lah, I mean jasonjst could be another Malaysian bashing Singapore.

That accompanying YouTube video is just to reply to jasonjst.

 

[ginfreely]

No lah, I mean jasonjst could be another Malaysian bashing Singapore.

That accompanying YouTube video is just to reply to jasonjst.

He is sinkie.

 

[Investor888]

When in Rome, do what the Romans do.

I use the word KASTAM and POLIS and Berhenti all the time even in Singapore where I am based 50% of the time. That does not make me less Sinkie and I am still as Kiasu Kiasi and Kiabor the 3 KKK Values that we Singaporean Males have adhere to since dropping out from Army.

Ok from now on I shall be the Straits Times of this forum and tell you all the GOOD news. Hear only the Good News. Don't be angry with me please.

Tsk tsk how shameless hypocrite can a Malaysian be? Mudlander kena caught by me telling lies to harm Sporeans reputation ("Sporeans are very uncivilised") and instead of being ashamed of his despicable and deplorable acts, turned around to do personal attacks - which he was falsely accusing me and condemning me for doing that - I am sure now all can see how shamelessly hypocritical LIAR a Malaysian can be.

Hey YOU investor888 LIAR, how difficult is it to give a doctor name contact especially with your extended Sporean family relatives and friends, probably complaining about NS all the time? And we have already seen your fake story telling prowess, full of details and embellishments like lady insisted on keeping her big dog as scared of robbers and all the crap. Alas but you forgot the vital detail of you saying barely a month ago that your property is a pigeon hole in city which you like living and spending 5 hours to clean.

Hahahah you can hide your good English vocab like "reverberated" but some words like spelling bungalow as BANGLO is telling and definitive sign of a Malaysian who studied in Malaysia. BANGLO is simply not in Sporean Chinese vocab. Btw my Malaysian Chinese accountant last time used to write taxi as TEKSI and mind you she is not Sec 2 dropout but University of Malaya graduate.

Oh lastly now I know probably the reason for your hatred of sinkies and like to pretend to be one and always painting Sporeans in negative light by boasting of speeding - of course you cannot be a mudlander and boasting of speeding to cast yourself in bad light - I won't be surprised if you are one those mudlander SPR wolves in sheep clothing speeding , littering , cutting queue and whatever in Spore plate car and let all the blame goes to Sporeans. Your reason of hatred is the story that you just shared to slander me - probably based on your personal true story - of you being a product of your mudlander mum having multiple uneventful incidents with sinkie men in Spore - and do not know which is the one.

 

[ginfreely]

You are a disgusting mudlander hypocrite snake that is shamelessly twisting despite being caught red handed so many times. No, my Malaysian accountant was writing taxi as TEKSI in Spore office while you are writing BANGLO while in the comfort of your HDB, not Malaysia. So much for hypocrisy of when in Rome do as Romans do. In fact when I told her taxi is not spelt that way, she was so adamant teksi is correct way of spelling. I guess that's the natural reaction when you studied in Malaysia spelling it that way for years. You too wrote it multiple times that way and it's such a second nature to you that you still continue to write BANGLO be it in Spore or Malaysia.

Btw you are displaying your mudlander trait again. Insulting Sporeans as kiasu kiasi are what mudlanders love to do. Sporeans call themselves that in a self deprecating manner but to mudlanders it's done in a demeaning manner to boost your fragile ego. The same apply for words like pigeon hole and peasant.

Yeah what you said about when in Rome do as what the Romans do is correct. So please tell mudlanders not to get angry at Sporeans littering - if it is really done by Sporeans and not mudlander SPR under cover of S plate cars - as any foreigners littering are only blending in the litterbug culture if they do that. They should be happy foreigners are blending in litterbug culture instead of being angry. Another way to blend in is to behave like barbarians when meet barbarians like my barbarian Malaysian Chinese neighbours doing illegal things and disturbing others and yet no sense of shame to harrass you non-stop and harm you in every way for telling them that. Full of self entitlement barbarians.

When in Rome, do what the Romans do.

I use the word KASTAM and POLIS and Berhenti all the time even in Singapore where I am based 50% of the time. That does not make me less Sinkie and I am still as Kiasu Kiasi and Kiabor the 3 KKK Values that we Singaporean Males have adhere to since dropping out from Army.

Ok from now on I shall be the Straits Times of this forum and tell you all the GOOD news. Hear only the Good News. Don't be angry with me please.

 

[FHBH12]

Iskandar Malaysia secures new investments of RM10.85b Q3 2016

Monday October 31, 2016
12:43 PM GMT+8

JOHOR BAHRU, Oct 31 — Iskandar Malaysia secured new investments of RM10.85 billion in the third quarter of this year.

This brought the total cumulative committed investments secured to RM218.84 billion from 2006 until Sept 30.

Of the investments, RM113.36 billion or 52 per cent represented what had been realised as projects on the ground.

In a statement here today, Iskandar Regional Development Authority (IRDA) Chief Executive Datuk Ismail Ibrahim said from January to Sept 30, Iskandar Malaysia gained tremendous ground in securing new investments.

“We are not far from our annual target of RM25 billion for this year,” he added.

He said Iskandar Malaysia continued to do well despite the challenges facing the global economy and on the back of the economic region’s resilience and strength in the nine promoted sectors.

“Domestic investments made up RM132.13 billion or 60 per cent of the total cumulative committed investments to date.

“This shows the confidence in Iskandar Malaysia, especially among local investors, as we continue to develop the economic region into a strong and sustainable metropolis of international standing,” Ismail added.

Of the investments, 40 per cent (RM86.71 billion) came from foreign investors, with the top five countries being China, Singapore, the United States, Japan and Spain.

Entering the 10th year of development, Ismail said Iskandar Malaysia is well on track to realise its long-term goals and remains optimistic that it would continue to attract a stable inflow of investments. — Bernama

http://www.themalaymailonline.com/m...a-secures-new-investments-of-rm10.85b-q3-2016

 

[FHBH12]

M’sian, Chinese firms sign agreements worth RM144bil
Tuesday, 1 November 2016 | MYT 11:30 PM

BEIJING: Malaysian and Chinese companies made history on Tuesday with the signing of 14 agreements worth RM144bil.

Prime Minister Datuk Seri Najib Tun Razak said the amount was the biggest ever recorded in conjunction with his official visit overseas, and it was a historic achievement.

“My official visit to China this time has brought very encouraging results and this achievement brings the bilateral relations between Malaysia and China to a higher level, a new high,” he told Malaysian journalists in Beijing on Tuesday.

Najib, who is on a six-day official visit to China beginning Monday, had witnessed the exchange of 14 business arrangements with proposed investments estimated at RM143.64bil held at the Malaysia-China Business Forum here on Tuesday.

The agreements and memoranda of understanding comprise:

1. Engineering, procurement, construction and commissioning agreement between Malaysia Rail Link Sdn Bhd, China Communications Construction Co Ltd (CCCC) and China Communications Construction Company (M) Sdn Bhd (CCCCM).

2. Memorandum of agreement for investment, development and construction of Melaka Gateway Project (KAJ Development and Power China).

3. Heads of agreement between Bandar Malaysia Sdn Bhd and Greenland Holdings Group Overseas Investment Co Ltd in respect of the proposed purchase of land and development thereon in Bandar Malaysia.

4. Heads of agreement between Selat PD Sdn Bhd and CCCC Dredging (Group) Co Ltd.

5. Framework cooperation agreement between the State Government of Sarawak, Hebei Xinwuan Steel Group and MCC Overseas Ltd on the proposed development of steel plant in Sarawak.

6. Memorandum of agreement between KAJ Development Sdn Bhd, Power China, Shenzhen Yantian Port and Rizhao Port for partnership collaboration on Melaka Gateway Port.

7. Heads of agreement for the Bandar Malaysia financial scheme between IWH CREC Sdn Bhd and Industrial and Commercial Bank of China (ICBC).

8. Memorandum of understanding between East Coast Economic Region Development Council (ECERDC) and Wuxi Suntech Power Co Ltd for production of crystalline silicon solar cells and module within the Malaysia-China Kuantan Industrial Park.

9. Memorandum of agreement between BHS Industries Bhd and China Nuclear Huaxing Construction Co Ltd for Green Technology Park in Pekan, Pahang. (For this story, click here)

10. China Construction Bank (M) Bhd was granted a banking licence by the Minister of Finance under the Financial Services Act 2013. With an initial paid-up capital of US$200mil, China Construction Bank will be able to provide infrastructure financing to support Malaysia’s infrastructure development.

11. Memorandum of understanding between Yanming Resources Sdn Bhd and Fuzhou Xin Zibu Culture Communication Co Ltd for the growth and development of bird’s nest market in China.

12. Memorandum of understanding between Malaysia External Trade Development Corp (Matrade) and Alibaba.com.

13. Research and development collaboration agreement between Royal Bird’s Nest, Walet Company-International Private Ltd Co and Peking University on standardisation of edible bird’s nest extract and medical properties for pharmaceutical drug discovery.

14.Memorandum of understanding between Aladdin Group Sdn Bhd and Suzhou Lian Cheng Yihao Information Technology Co Ltd. - Bernama

http://www.thestar.com.my/business/...nese-firms-sign-14-agreements-worth-rm144bil/

 

[cow138]

Wow. China really know how make friends.

 

[Investor888]

Damn it. Whats is going on man. Every other day I read excellent growth and billions of investments going into Iskandar Malaysia.

Why are they by passing Singapore?

Opps, sorry its my natural flaw to state the facts and truth even though it hurts many PAP loyal fans here. Singapore has also grown leaps and bounds so don't despair. We are now the Scammer Capital of Asia. I receive at least 10+ calls in 2 weeks from overseas number beginning or ending with 999

 

[winners]

M’sian, Chinese firms sign agreements worth RM144bil
Tuesday, 1 November 2016 | MYT 11:30 PM

BEIJING: Malaysian and Chinese companies made history on Tuesday with the signing of 14 agreements worth RM144bil.

Prime Minister Datuk Seri Najib Tun Razak said the amount was the biggest ever recorded in conjunction with his official visit overseas, and it was a historic achievement.

“My official visit to China this time has brought very encouraging results and this achievement brings the bilateral relations between Malaysia and China to a higher level, a new high,” he told Malaysian journalists in Beijing on Tuesday.

Najib, who is on a six-day official visit to China beginning Monday, had witnessed the exchange of 14 business arrangements with proposed investments estimated at RM143.64bil held at the Malaysia-China Business Forum here on Tuesday.

The agreements and memoranda of understanding comprise:

1. Engineering, procurement, construction and commissioning agreement between Malaysia Rail Link Sdn Bhd, China Communications Construction Co Ltd (CCCC) and China Communications Construction Company (M) Sdn Bhd (CCCCM).

2. Memorandum of agreement for investment, development and construction of Melaka Gateway Project (KAJ Development and Power China).

3. Heads of agreement between Bandar Malaysia Sdn Bhd and Greenland Holdings Group Overseas Investment Co Ltd in respect of the proposed purchase of land and development thereon in Bandar Malaysia.

4. Heads of agreement between Selat PD Sdn Bhd and CCCC Dredging (Group) Co Ltd.

5. Framework cooperation agreement between the State Government of Sarawak, Hebei Xinwuan Steel Group and MCC Overseas Ltd on the proposed development of steel plant in Sarawak.

6. Memorandum of agreement between KAJ Development Sdn Bhd, Power China, Shenzhen Yantian Port and Rizhao Port for partnership collaboration on Melaka Gateway Port.

7. Heads of agreement for the Bandar Malaysia financial scheme between IWH CREC Sdn Bhd and Industrial and Commercial Bank of China (ICBC).

8. Memorandum of understanding between East Coast Economic Region Development Council (ECERDC) and Wuxi Suntech Power Co Ltd for production of crystalline silicon solar cells and module within the Malaysia-China Kuantan Industrial Park.

9. Memorandum of agreement between BHS Industries Bhd and China Nuclear Huaxing Construction Co Ltd for Green Technology Park in Pekan, Pahang. (For this story, click here)

10. China Construction Bank (M) Bhd was granted a banking licence by the Minister of Finance under the Financial Services Act 2013. With an initial paid-up capital of US$200mil, China Construction Bank will be able to provide infrastructure financing to support Malaysia’s infrastructure development.

11. Memorandum of understanding between Yanming Resources Sdn Bhd and Fuzhou Xin Zibu Culture Communication Co Ltd for the growth and development of bird’s nest market in China.

12. Memorandum of understanding between Malaysia External Trade Development Corp (Matrade) and Alibaba.com.

13. Research and development collaboration agreement between Royal Bird’s Nest, Walet Company-International Private Ltd Co and Peking University on standardisation of edible bird’s nest extract and medical properties for pharmaceutical drug discovery.

14.Memorandum of understanding between Aladdin Group Sdn Bhd and Suzhou Lian Cheng Yihao Information Technology Co Ltd. - Bernama

http://www.thestar.com.my/business/...nese-firms-sign-14-agreements-worth-rm144bil/

Why there is no open tender for the multi-billion East Coast Rail Project? There is a motive for all these investments.

http://www.sarawakreport.org/2016/11...unami-comment/

The Real 'Chinese Tsunami'

It is all about wriggling to get off a hook of his own making, of course.

However, the Prime Minister who has so blatantly stirred up sectarian suspicion against his own ethnic Chinese minority in Malaysia is now in the process of handing the economy over to their ‘homeland’ on a plate.

For months it has been known in inner circles that Malaysia’s de facto Second Finance Minister has been spending time in Beijing, path-setting deals to bail out Najib over his 1MDB disaster. It is one place he dares to travel.

We refer not to the recently retired Ahmad Husni, currently being hounded for raising 1MDB as a matter of concern during the Budget Debate (the Speaker bizarrely accused him of violating ‘official secrets’).

Nor to his successor Johari Abdul Ghani, who yesterday begged reporters to stop asking questions about the linked SRC International:

“Don’t talk anymore about SRC, there is no solution.”, he told them .

We mean Jho Taek Low, who is still at the forefront of wheeler-dealing on behalf of the Prime Minister cum Finance Minister, as he lurches from one criminal contrivance to the next, trying to ‘iron out’ the $7 billion theft from 1MDB/SRC.

Close as ever to Najib and Rosmah – Jho reached out to China
Low was cited as the prime orchestrator and a key beneficiary of the thefts from Malaysia’s development fund by America’s Department of Justice. He is known to be at the heart of the on-going international investigations into criminal wrong-doing at BSI Bank and Falcon, both now shut down in Singapore.

As the first criminal prosecution got underway today into 1MDB in Singapore (the case against former BSI wealth manager Yeo Jiawei) Low’s name was within no time brought up in the court as the man behind the accounts in question, whom Yeo went on to directly work for after leaving BSI in 2014.

Yet this outrageous and flamboyant junior shyster has remained the key confidant upon whom Najib depends, as he struggles to find a way out of the mess that Low’s own astonishing, world-record beating level of theft got Malaysia into in the first place.

At the end of 2014, as 1MDB found itself unable to service the vast debts caused by borrowed billions, which were then stolen, Low’s game-plan had rested on a public offering under effective false pretences. That IPO foundered as 1MDB lost any shred of credibility in the face of well-founded criticisms and then revelations over the PetroSaudi deal.

The next ‘bail out’ came last June with an injection of support from Abu Dhabi, based on a bogus guarantee arranged with the Aabar fund. This may have provided short term relief at a time of political and economic crisis, but in the longer term it has resulted in a stinking law suit after the Abu Dhabi sovereign wealth fund sacked its most senior officers for colluding with Jho Low’s schemes.

To meet debt repayments over subsequent months Najib has pressured government linked companies and funds into blatant handouts, the most notorious being the raid on the pilgrimage fund, Tabung Haji.

However, further monster payments are now pending, including an upcoming RM660 million due for the missing RM4 billion borrowed in 2011 from SRC.

Yesterday, Johari Abdul Ghani told reporters that SRC is still trying to retrieve the bulk of its funds, allegedly banked with the defunct BSI, although just days before the Swiss Attorney General shocked the world by confirming that virtually all the money ($800 million) has actually been stolen… ie it is not stuck in some frozen SRC bank account, it’s gone.

Chinese basher at home – on his knees to Chinese abroad
So, having accused the ethnic Chinese Malaysians of having lost him the popular vote in the last election and gone on to accuse them again of being responsible for the pro-democracy/anti-corruption Bersih marches, which he ruled illegal, Najib has now used his own ethnic Chinese fixer, Jho Low, to go with cap in hand to mainland China to bail him out.

Sarawak Report exposed in July exactly how Low and Najib had constructed the East Coast Rail deal with the Chinese Company CCCC to “lose” 1MDB’s debts. They simply agreed to pay double the actual price of the contract in order to siphon the money out.

In parliament last week Najib confirmed the contract, with the smallest of cosmetic adjustments, concluded with a company that has already been banned by the World Bank over its fraudulent tendering record (in case anyone was wondering, Najib did not submit the East Coast Railway to an open tender).

This was the flagship project which Najib shook hands on in China yesterday, forming the central plank of his showcase visit. And, of course, under-pinning the project was a RM55 billion ‘soft loan’ agreement from – guess who – China!

Particularly welcome to Najib was the ‘generous’ provision allowing for zero repayments for the first seven years, letting Najib himself entirely off the hook, with chickens coming home to roost only after he plans to have moved on… 1MDB’s debts covered up in the meantime.

But, of course, those chickens will come home to roost and big time too. No Malaysian can for one moment seriously imagine that its looming super-power neighbour, hungry for control over its waterways, hungry for its resources in land and minerals, hungry for space, is lending super-cheap money out of the kindness of its heart.

Tied up in Najib’s 1MDB bail out is a huge geopolitical swing away from Malaysia’s traditional allies, who disapproved of his world-record kleptocratic theft, towards China’s expanding militaristic might.

That was China’s price and Najib has paid it this week with a range of ten major deals, agreed assistance of his freelance informal negotiator behind the scenes, the fugitive criminal Jho Low.

Not only has Najib agreed to buy frigates for the first time off China, but the mammoth rail project is all based on China’s own conditions . It will be designed, organised and built by the Chinese according to their terms and in violation of all the principles of UMNO’s much-vaunted pro-Malay NEP.

So, whilst on the one hand Najib has been funding local thugs to dress up in red and hunt and threaten patriotic, pro-democracy Malaysian Chinese, on the other hand he is selling out the country and all his own party’s pro-Malay principles to the anti-democratic China itself.

Merely to save his own political skin, he has offered this super-powerful neighbour a stranglehold of loan power over his government and has allowed it moreover to forge its own ‘silk road’ transport system across the country and beyond – a project that will be totally and utterly controlled by China.

He has even in a stroke moved to plug into China’s military infrastructure – offering the possibility of joint manoeuvres off-shore in coming years or months?

Najib plainly sees his master-stroke as a ‘punishment’ to the west for failing to tolerate his grand corruption against his own people. Jho Low, on the other hand, with the persistent audacity and arrogance of youth, evidently believes he has pulled off yet another grand heist on behalf of his generous boss and, in true style, has in the process moved on and up to a bigger patron altogether.

The Chinese Tsunami against Malaysia has not come in the form described by Najib, which was merely an election loss for UMNO, it has been unleashed as a sky-high breaking wave across the country by his own fixer to save his personal position.

Najib (and possibly his nation) will be swept away by the tide of this disgrace.

Jho Low on the other hand has plainly seen his opportunity to restore his fortunes, reinvent himself as a Chinese billionaire, retain his yacht, fight for his frozen US assets and win tokens of gratitude from his re-adopted ‘mother country’!

 

[sgtsk]

M’sian, Chinese firms sign agreements worth RM144bil
Tuesday, 1 November 2016 | MYT 11:30 PM

BEIJING: Malaysian and Chinese companies made history on Tuesday with the signing of 14 agreements worth RM144bil.

Prime Minister Datuk Seri Najib Tun Razak said the amount was the biggest ever recorded in conjunction with his official visit overseas, and it was a historic achievement.

“My official visit to China this time has brought very encouraging results and this achievement brings the bilateral relations between Malaysia and China to a higher level, a new high,” he told Malaysian journalists in Beijing on Tuesday.

Najib, who is on a six-day official visit to China beginning Monday, had witnessed the exchange of 14 business arrangements with proposed investments estimated at RM143.64bil held at the Malaysia-China Business Forum here on Tuesday.

The agreements and memoranda of understanding comprise:

1. Engineering, procurement, construction and commissioning agreement between Malaysia Rail Link Sdn Bhd, China Communications Construction Co Ltd (CCCC) and China Communications Construction Company (M) Sdn Bhd (CCCCM).

2. Memorandum of agreement for investment, development and construction of Melaka Gateway Project (KAJ Development and Power China).

3. Heads of agreement between Bandar Malaysia Sdn Bhd and Greenland Holdings Group Overseas Investment Co Ltd in respect of the proposed purchase of land and development thereon in Bandar Malaysia.

4. Heads of agreement between Selat PD Sdn Bhd and CCCC Dredging (Group) Co Ltd.

5. Framework cooperation agreement between the State Government of Sarawak, Hebei Xinwuan Steel Group and MCC Overseas Ltd on the proposed development of steel plant in Sarawak.

6. Memorandum of agreement between KAJ Development Sdn Bhd, Power China, Shenzhen Yantian Port and Rizhao Port for partnership collaboration on Melaka Gateway Port.

7. Heads of agreement for the Bandar Malaysia financial scheme between IWH CREC Sdn Bhd and Industrial and Commercial Bank of China (ICBC).

8. Memorandum of understanding between East Coast Economic Region Development Council (ECERDC) and Wuxi Suntech Power Co Ltd for production of crystalline silicon solar cells and module within the Malaysia-China Kuantan Industrial Park.

9. Memorandum of agreement between BHS Industries Bhd and China Nuclear Huaxing Construction Co Ltd for Green Technology Park in Pekan, Pahang. (For this story, click here)

10. China Construction Bank (M) Bhd was granted a banking licence by the Minister of Finance under the Financial Services Act 2013. With an initial paid-up capital of US$200mil, China Construction Bank will be able to provide infrastructure financing to support Malaysia’s infrastructure development.

11. Memorandum of understanding between Yanming Resources Sdn Bhd and Fuzhou Xin Zibu Culture Communication Co Ltd for the growth and development of bird’s nest market in China.

12. Memorandum of understanding between Malaysia External Trade Development Corp (Matrade) and Alibaba.com.

13. Research and development collaboration agreement between Royal Bird’s Nest, Walet Company-International Private Ltd Co and Peking University on standardisation of edible bird’s nest extract and medical properties for pharmaceutical drug discovery.

14.Memorandum of understanding between Aladdin Group Sdn Bhd and Suzhou Lian Cheng Yihao Information Technology Co Ltd. - Bernama

http://www.thestar.com.my/business/...nese-firms-sign-14-agreements-worth-rm144bil/

While Vietnam, Philippines and Malaysian leaders visited China and come back with bagful of deals, Singapore visited US, Japan, India and Australia(all key players or partners in containing China), to secure agreements to strengthen economic, military and geopolitical ties. There may be some gems of singapore wisdom I am yet to understand.

 

[jasonjst]

While Vietnam, Philippines and Malaysian leaders visited China and come back with bagful of deals, Singapore visited US, Japan, India and Australia(all key players or partners in containing China), to secure agreements to strengthen economic, military and geopolitical ties. There may be some gems of singapore wisdom I am yet to understand.

Singapore have TPP , can import Tons of People from the Pacific !

 

[snowbird]

While Vietnam, Philippines and Malaysian leaders visited China and come back with bagful of deals, Singapore visited US, Japan, India and Australia(all key players or partners in containing China), to secure agreements to strengthen economic, military and geopolitical ties. There may be some gems of singapore wisdom I am yet to understand.

Vietnam, Philippines, Malaysia needs the Chinese money badly., especially Malaysia.
China has all the money they need for progress and development of infrastructure.
China's One Belt One Road require those said countries to co-operate and by giving just out some candies and they will all quietly back off the South China Sea dispute.
It may seems a win-win situation but ultimately you'll see who'll emerge the real biggest winner.

 

[sgtsk]

Vietnam, Philippines, Malaysia needs the Chinese money badly., especially Malaysia.
China has all the money they need for progress and development of infrastructure.
China's One Belt One Road require those said countries to co-operate and by giving just out some candies and they will all quietly back off the South China Sea dispute.
It may seems a win-win situation but ultimately you'll see who'll emerge the real biggest winner.

I am curious to see the outcome.

 

[snowbird]

I am curious to see the outcome.

You can already see the outcome emerging if you are sharp and observant enough and of course if also read international news.

 

[sgtsk]

You can already see the outcome emerging if you are sharp and observant enough and of course if also read international news.

I think the west are counting the chickens too early.