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Corruption

Economy 101: Bailout of RM10.3 Billion: Where is Your Dignity Now?

bailout

Whenever the Government announces huge bailouts, 2 things are certain on everyone’s mind:-

ONE: It does not matter if it is cash, guarantee or promises on paper, one way or another, at the end of the day, taxpayers will be forced to bear the cost of the bailout. Taxpayers money that could have been used more productively for development of the country now goes down the drain.

TWO: Not all of the board of directors, management and senior officers who mismanaged the company will be arrested, stripped naked of their assets and sent to jail for years. At the most, some of them may be asked to tender their resignation without any punishment and some of them will be transferred to another GLC. And since there is no severe punishment given, the incompetence and mismanagement continues.

Image source: The Edge (Billions lost in Felda, hundreds of millions of asset value vanished in Tabung Haji)

Read More »Economy 101: Bailout of RM10.3 Billion: Where is Your Dignity Now?

Tags: Bailout, Tabung Haji, Taxpayers Money

Crime 101: Sarawak Report Expose on 1MDB

1mdb

(1MDB: A 42 billion time bomb that had already exploded on everyone’s face but a lot of people in this country are not aware of the blast – no thanks to a sneaky fat guy and a clueless PM. Until today, I am lost why they put billions of taxpayers money in Cayman Island unless it is meant for some shady deal. Infographic source: http://poskod.my/cheat-sheets/10-things-know-1mdb/)

Read More »Crime 101: Sarawak Report Expose on 1MDB

Tags: Cayman Islands

Land of Dumb & Dumber

dumb

(Never mind the movie, it seems like there are way too many of dumb people in this country. Image source: The Net)

It was rather “funny” to hear the old man to say this:-

“Malaysians are stupid. They don’t know how to manage aviation,” Dr Mahathir was quoted by news portal Malaysiakini as saying in comments over Christoph Mueller’s appointment as chief executive officer-designate of Malaysia Airlines Bhd (MAS NewCo).

Those responsible for the losses of the ailing national carrier were now trying to make things right, he said.

(Source)

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Tags: 1MDB

Malaysian Economy 101: Kangkung Factor

kangkung

kangkung

(Among the many funny things posted on Najib’s statement that the price of kangkung had gone down, this stands in my mind as the funniest bit. I just love Ronald’s face on the second photo – it looks like he had answered too many phone calls asking for McKangkung. Images source: Facebook)

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Tags: BBC, Facebook, Joke, Kangkung, Najib, Najib Razak, Youtube

Malaysia 101: When Taxpayers’ Money Hits The Palace’s Fan

Istana Negara Palace Malaysia

(The old palace is already looking majestic and we have already spent millions on it but we went ahead to construct a new palace. We end up looking like dungus but what the heck, we been in that situation before. The new palace looks good on paper but the volume of abuse and mismanagement of funds to build it makes the whole affair end up looking too ugly. Image source: Tok Ey Ai)

Read More »Malaysia 101: When Taxpayers’ Money Hits The Palace’s Fan

Tags: Commission, Corruption, Istana Negara, King, Mismanagement, Money, Palace, Public Funds, Subsidy, Taxpayers Money, Wastage