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Showing posts with label Bank Negara Malaysia. Show all posts
Showing posts with label Bank Negara Malaysia. Show all posts
Tuesday, February 06, 2018

The Bank Negara Governor fools no one claiming the RM2 billion land acquisition from the Federal Government was an arms length transaction.

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Yesterday, Bank Negara (BNM) Governor Tan Sri Muhamad Ibrahim tried to provide a justification for the central bank’s outrageous purchase of...
Friday, December 08, 2017

Why is the Cabinet adamant in ignoring Bank Negara's policy prescriptions on the property market imbalance?

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Putrajaya’s constant u-turns over its announced luxury property ban are yet another example of the government’s absurd tendency to ignore ex...
Thursday, December 07, 2017

Our Cabinet has some of the best back-flip acrobats in the world with the unbelievable twists and turns over high-end property development freeze

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Second Finance Minister Datuk Seri Johari Abdul Ghani announced on November 17 that the government had sent a directive to halt all approval...
Tuesday, November 28, 2017

The biggest culprits to the supply-demand imbalances in the property market in Malaysia are none other than Government-linked Companies

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The Cabinet has imposed a “temporary ban” approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced over...
Thursday, November 23, 2017

Why are 1MDB-related projects given special exemptions despite Cabinet blanket ban on luxury property projects above RM1 million in unit values?

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Last week, Dato’ Seri Johari Abdul Ghani announced the Cabinet decision on a “temporary ban” approvals for shopping complexes, offices, serv...
Wednesday, November 22, 2017

Is the high-end property ‘freeze’ a case of a hare-brained attempt to hose down a fire which has already burnt to ashes, or worse, cause a flood and further add to the woes?

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On 17 November, Bank Negara Malaysia (BNM) produced a report highlighting the mismatch in supply and demand of property developments in Mala...
Tuesday, November 07, 2017

The Malaysian Anti-Corruption Commission needs to grow a spine and really stand up to corruption.

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I had asked in Parliament why the MACC had announced in June that it would not be carrying out investigations regarding the misappropriation...
Thursday, October 26, 2017

Dato’ Seri Najib Razak is clutching at straws arguing that the ringgit has performed well this year when it has barely recovered a fraction of its losses since 2013

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Dato’ Seri Najib Razak wants Malaysians to believe that “the ringgit had performed better than the currencies of many other large commodity ...
Sunday, March 19, 2017

Dato’ Seri Johari Abdul Ghani must prove that the Auditor-General (AG) couldn’t find specifically what went wrong with 1MDB by seeking declassification of the AG’s Report on 1MDB

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Last week, the Second Finance Minister Dato’ Seri Johari Abdul Ghani told an audience of the investment community at a luncheon organised b...
Sunday, January 08, 2017

Be it “Parker Randall” or “Afrizan Tarmili Khairul Azhar”, will new 1MDB auditors act as “independent auditors” in an objective, professional and timely manner?

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Scandal-ridden 1MDB has finally appointed new auditors to replace Deloitte Malaysia who resigned since the middle of last year.  Deloitte i...
Thursday, January 05, 2017

While blinkered Treasury-General Tan Sri Irwan Serigar continues to praise the Emperor’s new clothes, little hope of seeing meaningful changes to Malaysia’s drifting economy

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The dreadful performance of the Malaysian ringgit and a listless economy under-performing its potential are not merely depressing news but h...
Wednesday, January 04, 2017

2017 – Relief and recovery for the Ringgit, or more pain and punishment?

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While 1MDB and the Prime Minister Dato’ Seri Najib Razak’s kleptocratic scandals were unquestionably the most talked about topic for 2016, ...
Monday, November 14, 2016

Bank Negara’s inaction and reticence, in stark contrast with Singaporean authorities' actions to protect the integrity of their banking system, abets the indictment of Malaysia as a global kleptocracy

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I had on 31 October asked the Minister of Finance to state the actions taken by Bank Negara over the conduct of Ambank bankers, Joanne Yu an...
Friday, September 09, 2016

The Royal Malaysian Police and Bank Negara must investigate latest allegations that Ambank officials actively conspired with Jho Low to launder funds into Dato’ Seri Najib Razak's personal bank accounts

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The Wall Street Journal (WSJ) had on 6 September 2016 made very specific allegations against Ambank Malaysia and its officials of facilitati...
Saturday, August 13, 2016

Did Datuk Mohammad Ibrahim cut a deal not to investigate Dato’ Seri Najib Razak for money-laundering offences to secure his appointment as the new Bank Negara Governor?

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New Bank Negara Malaysia (BNM) Governor, Datuk Muhammad Ibrahim announced yesterday that there would be no reopening of investigations on 1M...
Saturday, July 23, 2016

1MDB, a simple yes or no will do: have billions of dollars of 1MDB's money been “misappropriated” and “embezzled”?

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1MDB must not evade the factual allegations laid out by the US Department of Justice but answer the simple question if billions of dollars ...
Monday, July 18, 2016

What has happened to the complaint filed with the Malaysian Institute of Accountants against KPMG and Deloitte which were filed more than a year ago?

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I have filed complaints against the auditors of 1Malaysia Development Bhd (1MDB) against KPMG and Deloitte Malaysia, their partners Ahmad N...
Sunday, May 29, 2016

Who is Datuk Hasan Arifin trying to protect when he works so hard to hide the fact that Good Star Limited belongs to Jho Low?

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The Malaysian public can now see for themselves the types of challenges the opposition members of the Public Accounts Committee (PAC) faced ...
Saturday, May 28, 2016

The "cari makan" chairman of PAC must resign for lying to the committee, suppressing evidence and obstructing investigations into 1MDB!

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The Public Accounts Committee members were baffled as to why Datuk Hasan Arifin had unilaterally deleted sentences from the finalised PAC Re...
Thursday, May 26, 2016

Will BNM follow the footsteps of Swiss and Singaporean authorities in investigating the suspected money-laundering related to 1MDB and Dato' Seri Najib Razak?

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Switzerland's Office of the Attorney General (OAG) has commenced criminal proceedings against BSI SA Bank for facilitating the offences ...