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Release Sabah RCI report now, not next month, Pakatan MPs tell PM

Ida Lim
Malay Mail Online
November 16, 2014

KUALA LUMPUR, Nov 16 — Instead of next month, Putrajaya should release the long-awaited report on Sabah’s illegal immigrants issue immediately, in time for the document to be tabled in Parliament before it ends in two weeks, several Pakatan Rakyat (PR) MPs said.

The lawmakers said they want the report, which contains crucial findings by the Royal Commission of Inquiry (RCI) on the influx of immigrants into the east Malaysian state, to be dissected, debated and passed by federal lawmakers in the legislative house.

DAP’s Lim Kit Siang, a veteran politician who has been fighting the issue for a good part of his career, even called it “completely unsatisfactory” that the federal government had chosen to sit so long on the RCI’s report, when it was already completed in May this year.

He pointed out that the issue has haunted Sabah for decades now, and has caused the state “grave” security, social and economic problems.

“It is not a signal that the government is serious and sincere in resolving the longstanding issue of illegal immigrants in Sabah, which has completely changed the political demography in the state,” he told Malay Mail Online when asked to comment on Putrajaya’s decision yesterday to make the report public early next month.

“And it would appear that the whole thing – the release – was timed to be made after Parliament and Sabah state assembly meeting,” the Gelang Patah MP pointed out. Continue reading “Release Sabah RCI report now, not next month, Pakatan MPs tell PM”

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Let the amicable resolution to the Selangor issue of the seizure of Malay language Bibles and Malaysia’s assumption of ASEAN Chair usher in a virtuous cycle of moderation and establish Malaysia as a regional and international model of moderation

Congratulations are in order to the Selangor Mentri Besar Azmin Ali in resolving the nearly year-long Selangor controversy over the seizure of the Malay language Bible with the return of the seized copies of the Bible to the Bible Society of Malaysia (BSM).

The amicable resolution to the issue of the seizure of Malay language Bibles and Malaysia’s assumption of the annual rotating ASEAN Chairmanship for 2015 are two welcome developments which should be the basis to usher in a virtuous cycle of moderation and establish Malaysia as a regional and international model of moderation.

The Prime Minister, Datuk Seri Najib Razak said in the handing-over ceremony of the annual rotating ASEAN Chair in Naypyitaw, Myanmar yesterday that Malaysia, as chairman of ASEAN, would promote moderation as a shared value in order to address conflict and find solutions to issues concerning regional peace and security.

He also called on ASEAN to avoid narrow nationalism which could go against the spirit of an ASEAN community. Continue reading “Let the amicable resolution to the Selangor issue of the seizure of Malay language Bibles and Malaysia’s assumption of ASEAN Chair usher in a virtuous cycle of moderation and establish Malaysia as a regional and international model of moderation”

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Who can count more than two Ministers in the Najib Cabinet who are committed moderates in the great battle between moderation and extremism – the raison d’etre for the foundation of Najib’s Global Movement of Moderates?

I said yesterday that the “ruckus” in Parliament on Monday created by the Selangor UMNO/Barisan Nasional chief, Datuk Noh Omar, the UMNO/BN MP for Tanjung Karang had thrown up a teaser – whether the majority of UMNO Ministers, MPs and leaders are like Noh Omar, who are not prepared publicly to endorse Prime Minister, Datuk Seri Najib Razak’s Global Movement of Moderates (GMM) initiative and yet deny being an extremist.

Actually, the “ruckus” had done more, as it also raised the fundamental question how Najib’s GMM initiative could have any chance of success when it is impossible to identify more than a handful of committed moderates in Cabinet and UMNO/BN leadership!

For instance, how many Ministers and UMNO/BN leaders are fully committed moderates dedicated to the moderate agenda of the GMM campaign, as repeatedly spelt out by Najib in various international forums in the past four years, as follows:

“The fight against extremism is not about Christians versus Muslims, or Muslims versus Jews, but moderates versus extremists of all religions. We therefore need to rally a coalition of moderates; those willing to reclaim their religion, and pursue the path to peace.”

I cannot count more than two fully committed moderates in the Cabinet who are willing to take up the cudgel of moderation against extremism and rally behind a coalition of moderates to reclaim their religion and pursue the path to peace. Continue reading “Who can count more than two Ministers in the Najib Cabinet who are committed moderates in the great battle between moderation and extremism – the raison d’etre for the foundation of Najib’s Global Movement of Moderates?”

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Negara-Ku starts roadshow to reclaim Malaysia from extremism

by Jennifer Gomez
The Malaysian Insider
12 November 2014

New people’s movement Negara-Ku is set to carry out its “reclaim Malaysia” agenda nationwide with a roadshow beginning in Malacca tonight to return rationality, open and civil discussion, moderation and harmony to Malaysia.

“Kembalikan Negaraku” or “Return My Country” aims to take back Malaysia from racism and extremism, and provide a platform for safe debates, even on controversial issues such as the court’s recent decision on Negri Sembilan’s Islamic enactments on transgenders.

More than just focusing on issues themselves, the movement’s founder and chairperson Zaid Kamaruddin said they wanted to promote a climate where Malaysians could discuss matters without getting emotional.

Their aim was to also put forward the fact that all differences could be discussed with the Federal Constitution as a reference.

Zaid also said the roadshow was not just about promoting the movement but to draw all other civil society groups that wanted to promote healthy relationships among communities. Years before Negara-Ku, Prime Minister Datuk Seri Najib Razak launched his 1Malaysia concept when he took office in 2009 but the slogan has since petered out.

“We support all other efforts that promote the coming together of Malaysians, to be able to express what they want,” he added. Continue reading “Negara-Ku starts roadshow to reclaim Malaysia from extremism”

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Are the majority of UMNO Ministers, MPs and leaders like Noh Omar, not prepared publicly to endorse Najib’s Global Movement of Moderates initiative and yet deny being an extremist?

The “ruckus” by the Selangor UMNO/Barisan Nasional chief, Datuk Noh Omar, the UMNO/BN MP for Tanjung Karang in Parliament yesterday has thrown up a teaser – are the majority of UMNO Ministers, MPs and leaders like Noh Omar, not prepared publicly to endorse Prime Minister, Datuk Seri Najib Razak’s Global Movement of Moderates (GMM) initiative and yet deny being an extremist.

It would be interesting for a such a vote to be taken.

That this question has to be asked four years after Najib has launched his GMM campaign with very uncertain answers is a sad reflection of the failure of another signature policy of the sixth Prime Minister of Malaysia.

Najib’s first signature policy failure was the infamous case in early 2010 when his Deputy Prime Minister, Tan Sri Muhyiddin Yassin, in response to my challenge, declared that he was “Malay first, Malaysian second” in a unqualified repudiation of the Prime Minister’s 1Malaysia Policy! Continue reading “Are the majority of UMNO Ministers, MPs and leaders like Noh Omar, not prepared publicly to endorse Najib’s Global Movement of Moderates initiative and yet deny being an extremist?”

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Malays and Islam are not under attack in Malaysia. It is multi-racial, multi-religious and multi-cultural Malaysia which is under siege by intolerant and extremist forces which are trying to turn moderation into a dirty word in Malaysia

It is the supreme irony of ironies.

While the government continues to propagate the Prime Minister, Datuk Seri Najib Razak’s initiative of a Global Movement of Moderates, this time at the Asia-Pacific Economic Co-operation (APEC) Summit currently being held in Beijing, Najib had never been so weak and impotent at home to check the forces of hatred, intolerance and extremism rearing their ugly heads.

On the day that Bernama reported that the Prime Minister’s Global Movement of Moderates (GMM) proposal had received praise from the APEC foreign ministers meeting in Beijing before the 22nd APEC Summit, an ex-UMNO Minister had opened fire on Najib’s GMM initiative, claiming that Christian fanatics in Malaysia had seized on Najib’s concept of moderation and exploited it for their own interests.

Former Information Minister Tan Sri Zainuddin Maiddin claimed that the Malays and Islam were under pressure due to the concept of moderation, asserting that there were signs the concept was on the wrong track.

He cited with approval a recent statement by Johor Umno youth vice-chief Khairul Anwar Rahmat, who said that moderation was unsuitable for certain issues, claiming that it reflected the thoughts and opinions of the Umno grassroots.
Continue reading “Malays and Islam are not under attack in Malaysia. It is multi-racial, multi-religious and multi-cultural Malaysia which is under siege by intolerant and extremist forces which are trying to turn moderation into a dirty word in Malaysia”

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Malaysia’s moderate Muslim face takes a beating

The Malaysian Insider
6 November 2014

When Malaysia’s urbane Prime Minister Datuk Seri Najib Razak travels abroad, he invariably touts his country’s widely accepted reputation for moderate Islam, but that image is taking a beating at home.

Increasingly strident Islamist pressure, often initiated by Najib’s own government, is causing deepening dismay in the traditionally tolerant multi-faith country.

The trend is rooted in the decades-old regime’s attempts to strengthen its weakening grip amid repeated electoral setbacks, as a formidable opposition taps into broad sentiment for liberal reform.

But the ruling establishment is setting the country on an uncertain path, critics warn. Continue reading “Malaysia’s moderate Muslim face takes a beating”

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Najib should also congratulate USM for being ranked No. 87 in the 100 Best Global Universities for Engineering and direct full inquiry why Malaysian universities could only get two out of 2,100 slots for the 21 subject areas for 100 Best Global Universities

The Prime Minister, Datuk Seri Najib Razak should also congratulate the University Sains Malaysia (USM) for being ranked No. 87 in the 100 Best Global Universities Ranking 2015 for Engineering, as he seems to have overlooked USM’s listing when congratulating Universiti Putra Malaysia (UPM) for being placed in the 54th rank for agricultural science.

While congratulations to UPM and USM are in order, for being ranked in the 100 Best Global Universities in the field of agricultural science for UPM and in engineering for USM, the Prime Minister should be very worried and concerned about the overall failure and inability of Malaysian universities to compete with universities not only in Asia but also at the global level.

The Prime Minister cannot make a worse mistake or be more wrongly advised if he regards the Best Global Universities Ranking 2015 released by the US News and World Report on Oct. 27 as a cause for celebration, when it is in fact a terrible indictment of the lowly standards of public university education and excellence in the country. Continue reading “Najib should also congratulate USM for being ranked No. 87 in the 100 Best Global Universities for Engineering and direct full inquiry why Malaysian universities could only get two out of 2,100 slots for the 21 subject areas for 100 Best Global Universities”

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BN SC meeting last night a great disappointment as the non-Umno parties dare not demand an end to AG’s double standards in prosecution, puny anti-corruption efforts even losing out to Indonesia and postponement of GST implementation

The Barisan Nasional Supreme Council held one of its rare meetings last night, but it was a great disappointment as the non-Umno parties, whether MCA, Gerakan, MIC or from Sabah and Sarawak, dare not demand that the Barisan Nasional government should take a clear stand on various controversial issues which have disturbed rational and patriotic Malaysians, including an end to the Attorney-General’s double standard in prosecution, puny anti-corruption efforts with Malaysia even losing out to Indonesia and the postponement of GST implementation in April next year.

It is clear that there is no institutional or operational change in the character of the BN Supreme Council after the 13th General Election, with the BN Supreme Council continuing to be a platform for the exposition of UMNO political hegemony in BN, with the role of all the leaders of the other 13 BN component parties restricted merely to hear and obey what the UMNO “Big Brother” has decided instead of being a meaningful forum where common Barisan Nasional government policies are thrashed out from the input and consensus of all the BN component parties. Continue reading “BN SC meeting last night a great disappointment as the non-Umno parties dare not demand an end to AG’s double standards in prosecution, puny anti-corruption efforts even losing out to Indonesia and postponement of GST implementation”

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Its not dotard but Mahathir’s classic perverse illogic believing the end justifies the means – whether lies, sedition or even treason – causing him to defend Ibrahim’s Bible-burning threat

Tun Dr. Mahathir is at it again – thumbing his nose at civil and rational society, declaring that he sees no harm in Perkasa President, Ibrahim Ali’s Bible-burning call.

Mahathir said it was not a problem calling for the Bible to be burned as long as there were good intentions.

He said Islam allowed for the Quran to be burned and not discarded all over the place, or to be stepped on, if it was no longer used.

“So, burning the Quran with good intention is not a problem”, he said.

This is not dotard but Mahathir’s classic perverse illogic believing the end justifies the means – whether lies, sedition or even treason. Continue reading “Its not dotard but Mahathir’s classic perverse illogic believing the end justifies the means – whether lies, sedition or even treason – causing him to defend Ibrahim’s Bible-burning threat”

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Call on Najib to announce a “zero tolerance” policy for any threat to burn any holy books of any religion in Malaysia to be a role model of moderation for other countries as part of his Global Movement of Moderates campaign

The explanation by the Attorney-General’s Chambers (AGC) on Monday on why the Attortney-General Tan Sri Gani Patail has not prosecuted the Perkasa President Ibrahim Ali for his threat to burn the Malay-language Bible has added salt to the wound, as it failed not only to win over doubters but have been received with scorn and rejected outright by majority of the critics.

What is worse, it reinforced the perception that the AGC’s arguments that Ibrahim Ali should enjoy immunity and impunity from legal sanctions because he was defending the sanctity of Islam and was protected by Article 11(4) of the Constitution were not only shallow, superficial and cock-eyed but reflects a Public Prosecutor who has failed in his duties to be a responsible and trustworthy upholder of the rule of law and the protector of inter-racial and inter-religious unity and harmony in a multi-racial, multi-cultural and multi-religious nation.

The Monday statement from the AGC said Ibrahim had made the threat of burning the Bible “in the context of an incident in Jelutong, Penang, where copies of the Bible were distributed to members of the public, including Muslims” and “After the context had been studied as a whole, Ibrahim Ali’s statement does not fall into the category of having seditious tendencies”.

Does this mean that there are certain “context” where it is fully permissible to threaten the burning of the Bible? Continue reading “Call on Najib to announce a “zero tolerance” policy for any threat to burn any holy books of any religion in Malaysia to be a role model of moderation for other countries as part of his Global Movement of Moderates campaign”

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When Malaysians flee to get justice

COMMENTARY BY THE MALAYSIAN INSIDER
26 October 2014

In the same week that Malaysia won a non-permanent seat in the United Nations Security Council, a Malaysian shockingly fled Malaysia to seek asylum and protection from what he called oppression from authorities and gangsters.

Activist Ali Abd Jalil is the second Malaysian in as many weeks who ran away, citing oppressive laws and lacking faith in the system to protect his rights.

Posting in his Facebook page, Ali said “Now I am in Sweden, looking for asylum… the Malaysian government and sultan treated me like rubbish.

“I have been threatened by gangsters and racist Malay groups in Malaysia. Malaysia is not safe for me, police and gangsters are following me all the time.” Continue reading “When Malaysians flee to get justice”

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Is Najib so cruel, callous and heartless as to want Anwar to be jailed for 20 years and not released until he is an octogenarian?

I find it shocking, unbelievable and outrageous that the Attorney-General is counter-appealing against Datuk Seri Anwar Ibrahim’s five-year jail sentence in the Sodomy II case when the Federal Court sits on Tuesday and Wednesday to hear Anwar’s appeal against his Court of Appeal conviction and sentence on March 7.

It has been reported that the prosecution has counter-appealed and wants Anwar to be jailed for more than five years contending that the Court of Appeal’s five-year jail sentence is “manifestly inadequate”, “does not reflect the gravity of the offence” and “fails to serve the ends of justice from the perspective of public interest”.

There are forces among those in power who want to get rid of the Opposition, by “hook or by crook”, but I want to ask the Prime Minister Datuk Seri Najib Razak whether he is so cruel, callous and heartless as to want Anwar to be jailed for 20 years and not released until he is an octogenarian?

Is this in conformity with Najib’s preaching of wasatiyyah or moderation with its emphasis on the principles of justice, balance and excellence?

Here we see another glaring difference in the political ethos and culture between Malaysia and Indonesia. Continue reading “Is Najib so cruel, callous and heartless as to want Anwar to be jailed for 20 years and not released until he is an octogenarian?”

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Anwar rejects exile

By Mariam Mokhtar
Malaysiakini
Oct 20, 2014

Najib Abdul Razak and Umno Baru were denied an early Deepavali present when opposition leader Anwar Ibrahim dismissed all talk of going into exile, in London.

Just imagine the headlines in Utusan Malaysia and TV3 if Anwar had chosen exile: ‘Coward Anwar seeks exile to escape jail’, ‘Exile proves Anwar’s guilt’, ‘Anwar abandons followers, lives in luxury in London’, ‘We told you so; Anwar is scared to face the truth’.

When he was interviewed by The Daily Telegraph, Anwar expressed no plans to form a government in exile, in London, despite unsuccessful attempts by his friends to convince him to stay. He admitted the strain placed on his family. He was sanguine about reform.

He said, “It is very difficult, particularly for my family. But when I started this case for reform in Malaysia I knew it was not going to be easy.”

If Anwar had chosen exile, Najib would have effectively isolated Anwar from his followers. The rakyat would not be spared either. They would be told that throwing their money and weight behind Anwar was wasteful, and their support for the opposition a futile cause.

Najib knows that having Anwar in exile is as good as putting him behind bars; but there are subtle differences. Continue reading “Anwar rejects exile”

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Recent “pendatang” furore not only proof of failure of Najib’s 1Malaysia policy but 57 years of UMNO/BN Malaysian nation-building

The recent “pendatang” furore is not only proof of failure of Prime Minister Datuk Seri Najib Razak’s 1Malaysia policy, but the 57 years of UMNO/BN Malaysian nation-building.

Apart from Sabah, which is a special case by itself, the overwhelming majority of Malaysians, regardless of race or religion, are local-born and 100% Malaysians – a figure which can be as high as over 95 per cent for Malaysians in Peninsular Malaysia and Sarawak.

Whether the ancestors of Malays, Chinese or Indians are immigrants, there can be no cause or justification for any Malaysian to describe another Malaysians from different ethnicity as “pendatang”, especially when the term is loaded in a very derogatory, pejorative and even abusive sense.

This is in fact questioning the citizenship rights of Malaysians, which is entrenched as one of the four “sensitive” rights in the Malaysian Constitution in 197i, whereby it becomes an automatic sedition offence to call for the withdrawal of a Malaysian’s citizenship. Continue reading “Recent “pendatang” furore not only proof of failure of Najib’s 1Malaysia policy but 57 years of UMNO/BN Malaysian nation-building”

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Has Malaysia got the most powerful Attorney-General in the Commonwealth who is more powerful than the Prime Minister and Cabinet and is not bound by any principle of accountability to Parliament and the nation for the exercise of his discretionary powers

I refer to yesterday’s Malay Mail Online (MMO) report with the headline: “DAP vows to hound Nancy Shukri over Ibrahim Ali’s Bible-burning threat”.

The MMO headline is wrong and misleading as I had never made any vow, threat or statement to justify the headline “DAP vows to hound Nancy Shukri over Ibrahim Ali’s Bible-burning threat”.

For the record, this was what I said in my statement yesterday:

“It may seem unfair that Nancy had been hounded for over two weeks for her parliamentary answer that Ibrahim Ali was not prosecuted for his threat to burn the Malay-language Bible, but this national outrage will not cease simply because right-thinking Malaysians cannot accept the two reasons which had been given for the Attorney-General’s decision not to prosecute – that Ibrahim was protecting the sanctity of Islam and Ibrahim’s action was protected by Article 11(4) of the Constitution.

“Ibrahim Ali’s threat to burn the Malay-language Bible and his ability to get away scot-free enjoying immunity from any sanctions of the law will continue to dog Nancy wherever she goes in the country until the Najib government can give a satisfactory and acceptable accounting on the matter.”

It is not that DAP would “hound” Nancy over the issue, but that she would be dogged by the issue wherever she goes in any part of the country, as this would be the question uppermost in the minds of Malaysians, including the media when they meet her, as the gross miscarriage of justice of the non-prosecution of Ibrahim Ali over such provocative and incendiary threat is so palpable that it stands out in direct contrast to the “white terror” regime of sedition blitz launched recently by the government, resulting in the investigation or prosecution of some 40 Pakatan Rakyat leaders, social activists, academicians and members of the press under the Sedition Act and other laws for the most legitimate and inoffensive expression of views. Continue reading “Has Malaysia got the most powerful Attorney-General in the Commonwealth who is more powerful than the Prime Minister and Cabinet and is not bound by any principle of accountability to Parliament and the nation for the exercise of his discretionary powers”

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Najib is in danger of become a standing international joke as a schizophrenic Prime Minister who struts the international stage calling for a global movement of moderates but allows moderation to be trampled by extremists at home

Bernama today reported the Deputy Health Minister, Datuk Dr. Hilmi Yahaya saying that one in 100 Malaysians suffer from schizophrenia, adding:

“More Malaysians are suffering from schizophrenia but they and the people around them do not view the problem seriously and refuse to get appropriate treatment.

“The problem should not be treated lightly because if it is not treated, they can injure others, this is very dangerous.”

The country No. 1 victim of schizophrenia is the Prime Minister, Datuk Seri Najib Razak, who is in danger of becoming a standing international joke as a schizophrenic Prime Minister who struts the international stage calling for a global movement of moderates but allows moderation to be trampled by extremists at home.

Recently, Najib gave the latest illustration of such schizophrenic manifestation of disparate and antagonistic definition of moderation at the international as distinct from the national plane.

On Sept. 27, Najib made the most commendable speech at the United Nations General Assembly setting out the moderation agenda for the world, declaring: “The fight against extremism is not about Christians versus Muslims, or Muslims versus Jews, but moderates versus extremists of all religions. We therefore need to rally a coalition of moderates; those willing to reclaim their religion, and pursue the path to peace.”

But at home, Najib shied away from cracking down on extremism and religious intolerance to the extent that hate speech over race and religion in Najib’s five-year premiership had never been so voluminous and venomous as to become the greatest threat to national unity and well-being in the nation’s 57-year history. Continue reading “Najib is in danger of become a standing international joke as a schizophrenic Prime Minister who struts the international stage calling for a global movement of moderates but allows moderation to be trampled by extremists at home”

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If only Putrajaya’s words ever come true

COMMENTARY BY THE MALAYSIAN INSIDER
19 October 2014

If only…

* Words count for something in Malaysia, then the cloud of pessimism that envelopes the country would long be gone.

But words have a hollow sound here, especially when they emanate from higher the political ladder.

Prime Minister Datuk Seri Najib Razak rightly said that political leaders must lead the way with moderation. And then came the letdown.
He said Barisan Nasional and Umno leaders rejected all forms of extremism. Really? Is Datuk Seri Ahmad Zahid Hamidi still a member of Umno? What about Datuk Bung Mokhtar Radin?

What about the collection of Umno division chiefs who have pressured the authorities to use the Sedition Act as a dragnet to silence legitimate dissent in “moderate” Malaysia? Continue reading “If only Putrajaya’s words ever come true”

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Najib’s greatest disservice within 48 hours of Malaysia’s 187-vote election as non-permanent member of United Nation Security Council

Ironically, it is the Prime Minister Datuk Seri Najib Razak himself who, within 48 hours, rendered the greatest disservice to Malaysia’s “first-class honours” of 187-vote election as non-permanent member of the United Nations Security Council (UNSC) when he addressed the 43rd Gerakan National Delegates Conference in Shah Alam this morning.

After Malaysia’s election as non-permanent member of the UNSC for the third time on Friday, Najib had outlined five areas of priority for Malaysia to push in the UNSC, viz, advance moderation globally; advocate mediation as an approach to conflict resolution; promote UN peacekeeping operations; facilitate the peace-building process in strife-torn countries and pursue deliberations on the UNSC’s comprehensive reformation.

It is a clear that there is a major lacuna in Najib’s list of five priorities for Malaysia’s role as a non-permanent member of UNSC, for Malaysia cannot effectively or credibly advance moderation globally when moderation is in retreat domestically at home, or even worse, having to hide in nooks and corners as when his brainchild, the Global Movement of Moderates (GMM) had to ask the media not to report on its forum proceedings because of the “white terror” sedition blitzkrieg in the country.

In other words, freedom of speech, expression of opinion have degenerated to a stage where “moderation” – as understood by Najib through GMM – can be persecuted and prosecuted as “sedition” by Najib’s Attorney-General!

If Malaysia is to be an effective and credible member of UNSC to advance moderation globally, then it should add a sixth priority and elevate it as the second most important priority item for Malaysia – to advance moderation domestically in Malaysia, as otherwise, its campaign to advance moderation globally is dead even before it could get off the launching pad. Continue reading “Najib’s greatest disservice within 48 hours of Malaysia’s 187-vote election as non-permanent member of United Nation Security Council”

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2015 Budget (5) -The Debt Bombshell: New Revelations

2015 Budget (5) – A Critique
by Economic Observer
19th October 2014

In his speech, the Prime Minister studiously avoided any reference to the size of the public debt which now requires an allocation of RM 23.2 billion or almost 11 percent of the Budget to service the accumulated debt of the Federal Government now estimated to amount to RM 568.9 billion accounting for 52.8 percent of GDP, a level marginally below the established ceiling.

These numbers exclude the contingent liabilities of the Federal Government and other off budget borrowings.

Nor did the Prime Minister mention the level of debt carried by households, now in excess of 85 percent of GDP.

What is wholly inexcusable is the failure on his part to refer to the bombshell dropped in the Treasury’s Economic Report concerning the size of the nation’s external debt.

The Economic Report discloses that Malaysia’s external debt totals RM 729 billion, equivalent to 67.6 percent of GDP. This compares with a debt level of RM 335.6 billion or 31.1 percent of GDP before the revision.

This more than doubling of the external debt cannot be swept under the carpet. It is shameless in the manner in which the Prime Minister dealt with the issue. Continue reading “2015 Budget (5) -The Debt Bombshell: New Revelations”