Chitchat Jib Kor becomes next ASEAN leader to embrace China & show USA the middle finger

[Rogue Trader]

Najib asks West to stop 'lecturing' as Malaysia embraces China

Photo: AFP

MALAYSIA

Wednesday, Nov 2, 2016

BEIJING - Malaysian Prime Minister Najib Razak said that former colonial powers should not lecture countries they once exploited on their internal affairs, a Chinese newspaper reported on Wednesday, in a veiled attack on the West as he looks to strengthen ties with China.

Najib's visit to Beijing follows that of Philippine President Rodrigo Duterte, who announced a "separation" from the United States and signed a raft of memoranda of understanding for Chinese investment in the country.

Najib, who is on a six-day visit to China, said in an editorial in the state-run China Daily that larger countries should treat smaller countries fairly. "And this includes former colonial powers. It is not for them to lecture countries they once exploited on how to conduct their own internal affairs today," he wrote.

The Philippines is a former Spanish and US colony, and Malaysia a former British colony.

Najib is looking to strengthen ties with China after July lawsuits filed by the US Justice Department implicating him in a money-laundering scandal. Najib has denied any wrongdoing and said Malaysia will co-operate in the investigations.

More than $3.5 billion (S$4.9 billion) was allegedly misappropriated from 1MDB, according to civil lawsuits filed by the Justice Department. The probe has strained ties between Malaysia and the United States, with Najib dismissing it as foreign interference in Malaysia's affairs.

The shift by the Philippines and Malaysia is being widely seen as China's counter to US influence in the region.

Najib also wrote that disputes in the South China Sea should be resolved through dialogue in accordance with rule of law.

China claims most of the energy-rich waters through which about $5 trillion in ship-borne trade passes every year. Neighbours Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have claims.

"When it comes to the South China Sea, we firmly believe that overlapping territorial and maritime disputes should be managed calmly and rationally through dialogue, in accordance with the rule of law and peaceful negotiations," he said.

Chinese Vice Foreign Minister Liu Zhenmin said on Tuesday that Malaysia had pledged with Beijing to handle South China Sea disputes bilaterally.

Reactions to South China Sea ruling

Malaysia agreed to buy four Chinese naval vessels and signed 14 agreements totalling 143.64 billion ringgit ($34.25 billion), Malaysian state news agency Bernama said, after a meeting between Chinese Premier Li Keqiang and Najib on Tuesday.

Najib also said Malaysia welcomed the China-backed Asian Infrastructure Investment Bank which marks a turning point "of peaceful dialogue, not foreign intervention, in sovereign states".

Global institutions needed to be inclusive of "countries that were given no say in the legal and security infrastructure that was set up by the victors of the Second World War", he added.

 

[Rogue Trader]

China to pour in billions for Malaysia's east coast rail project


Tuesday, Nov 1, 2016

China will provide RM55 billion (S$1.6 billion) in soft loans to Malaysia for the construction of the planned East Coast Rail Line (ECRL) that is estimated to cost a similar amount, according to Transport Minister Datuk Seri Liow Tiong Lai.

In an exclusive interview in Beijing with The Star yesterday, Liow said this will be one of the 16 government-to-government memoranda of understanding to be signed when Prime Minister Datuk Seri Najib Tun Razak meets with Chinese Prime Minister Li Keqiang for bilateral talks today.

Apart from financing, the two countries will also sign an engineering-and-construction contract on the project.

This means China will carry out the detailed engineering and design of the ECRL, procure all materials and equipment, and deliver the facility to Malaysia.

"As far as I know, this is the biggest single deal Malaysia will be signing with China," said Liow, who has worked very hard to obtain China's investments in ports, aviation and railways since he took over the transport portfolio in June 2014.

On the terms of the soft loans to be given by China's EXIM Bank, Liow said rates are very competitive and repayment is over 20 years.

"And in the first seven years Malaysia will not have to pay anything - interest and repayment.

"But for the construction contract to be awarded to government-owned China Construction Communications Company, there are terms that state it has to work with local partners," he said.

Construction of the five-year project is scheduled to start next year.

The first phase of the 600km rail line will be from the Klang Valley to Kuantan, second from Kuantan to Kuala Terengganu, and third from Kuala Terengganu to Kota Baru and Tumpat.

Najib, in tabling Budget 2017 last month, had said the project would be launched in phases and would connect townships such as Port Klang, ITT (Integrated Transport Terminal) Gombak, Bentong, Mentakab, Kuantan, Kemaman, Kerteh, Kuala Terengganu and Kota Baru before ending in Tumpat.

"This rail project is going to bring a lot of economic development to the east coast (of the peninsula). It can unearth a lot of potential," said Liow who is part of the Malaysian delegation, including Cabinet ministers, accompanying Najib on his four-day official visit to China which kicks off today.

Liow added that China has also pledged to pass on its rail technology to Malaysia, and this will help Malaysia in developing its rail system as a means of public transportation.

On Najib's third official visit to China, Liow said: "The PM's visit will not only strengthen bilateral relations but also enhance our economic growth, thereby making Malaysia a centre of growth in ASEAN.

"This visit will see a lot of 'firsts' between Malaysia and China. We are going to sign 16 G-to-G MoUs and more than 15 business-to-business MoUs.

"There will be so much economic activity ... In fact, we are now enjoying the fruits of our close bilateral ties built up by former PM Tun Razak."

Liow commended the late Tun Abdul Razak Hussein - Malaysia's second prime minister and Najib's father - for "his vision in 1974 when he decided to be the first ASEAN country to establish bilateral relations with China".
"Now his son is taking the bilateral ties to new heights," he added.

Apart from this major MoU on the ECRL, another major bilateral deal will be on defence.

"We are a small country but China is giving us a lot of assistance and support. This is good for Malaysians.

"This visit by PM is going to be very fruitful and rewarding for Malaysia," he added.

China has often said it is grateful to Malaysia for being the first ASEAN country to extend its hands to China when the region was fearful of communism.

It has also expressed gratitude to Malaysian Chinese businesses, which invested in China and helped its economic development in the early 1980s when China just opened its doors to the world.

 

[mojito]

Jib kor and omama no more golfing buddies?

 

[Rogue Trader]

"Hmmph! Najib have China lollipop I donch have.."

 

[JohnTan]

How many chink immigrants does mudland have to accept in return for this railway gift?

 

[Leckmichamarsch]

USA wants to sue him............ China adopts a live n let live attitude
Only LHL behaved like an ass and now got sidelined!!

 

[The_Hypocrite]

The m&ds treat their minorities badly due to the bumi crap.. anyway let the tiongs deal with him and rape and pillage his country..Than see how

 

[ginfreely]

Msia govt is so wise and humble to know and admit Malaysia is a small country. Not like many proud and arrogant mudlanders in forums thinking they are very big and call others small dot when they are a small country themselves.

"We are a small country but China is giving us a lot of assistance and support. This is good for Malaysians."

 

[johnny333]

"Hmmph! Najib have China lollipop I donch have.."

The PAP has given PRC table tennis players, prostitutes, lesser mortals, ..... so many jobs at the expense of their own Spre citizens. As well as throwing money away on expensive projects such as Suzhou. What have they gotten in return from China

Compare the Spore experience to the Philippines & Malaysia where the chinese are throwing money there to win influence in those countries. Shows that PM LHL is a failure when dealing with China.

 

[winners]

If the below is true, then it's nothing to be proud of:

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’!

 

[congo9]

I am afraid that we have to send a formal invitation to our great china leader so that they be a part of Asean.

China will be part of Asean.

 

[JohnTan]

Singapore has guts! We will be the only ASEAN country to not suck Chinkland's dick!

 

[ginfreely]

No worries I bet many Malaysian Chinese will support his China deals. Are there any strong opposing voices so far on the China deals? I guess none.

If the below is true, then it's nothing to be proud of:

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

 

[syed putra]

Msia govt is so wise and humble to know and admit Malaysia is a small country. Not like many proud and arrogant mudlanders in forums thinking they are very big and call others small dot when they are a small country themselves.

"We are a small country but China is giving us a lot of assistance and support. This is good for Malaysians."

Makaysia needs more labourers and if they cannot get enough from bangladesh, they will use more from china.

 

[syed putra]

No worries I bet many Malaysian Chinese will support his China deals. Are there any strong opposing voices so far on the China deals? I guess none.

Malaysian chinese look down on their counterpart in china, just like sinkie chinese and hongkies. Only malays treat tiongs like human being and not call them locusts etc.

 

[syed putra]

Jib kor and omama no more golfing buddies?

Obama wants to use malaysia navy base in sabah dor their navy and airforce. But malaysia says no. So no more golf.

 

[syed putra]

The m&ds treat their minorities badly due to the bumi crap.. anyway let the tiongs deal with him and rape and pillage his country..Than see how

Those minorities are the ones who look down on the malays, calling them all sorts of derogatory names like those found in this forum.many have left thanlfully. Almost a million of them. Good riddance.most chinese malaysian when they send their kids overseas, tell the children not to come back while the father exploits malaysia natural resources such a illegal logging and mining to feed their lifestyle overseas or the ease of doing business using cheap foreign labour which they cannot do in the west.

 

[winners]

No worries I bet many Malaysian Chinese will support his China deals. Are there any strong opposing voices so far on the China deals? I guess none.

This I agree, especially those elderly generations and Chinese educated. They are strongly of the opinion that should there be a Malay/Chinese confrontation in Malaysia, the Chinks will surely come to their rescue. I think it's too far fetched and high hope.

 

[numero uno]

This I agree, especially those elderly generations and Chinese educated. They are strongly of the opinion that should there be a Malay/Chinese confrontation in Malaysia, the Chinks will surely come to their rescue. I think it's too far fetched and high hope.

why not? I think you are of touch. China have already stated strongly that it would interfere if there is a riot against the chinese in malaysia.
see ref:
http://www.channelnewsasia.com/news/asiapacific/malaysia-summons-chinese/2152538.html

 

[winners]

why not? I think you are of touch. China have already stated strongly that it would interfere if there is a riot against the chinese in malaysia.
see ref:
http://www.channelnewsasia.com/news/asiapacific/malaysia-summons-chinese/2152538.html

I think you are too naive. You think the Malays will allow, especially on their own land and with a majority? And besides, China has literally advocated not to interfere in a country's domestic policy because they also don't want others to interfere in Taiwan and Tibet. Otherwise, they will only be contradicting themselves and will draw criticisms from the world communities.