We are different - more GLC, more foriegn investors, more prosperous here.....hehe

While Sarawak has made strides in offering free university education, Peninsular Malaysia still depends heavily on the PTPTN (Perbadanan Tabung Pendidikan Tinggi Nasional) loan system. This loan system has often led to financial strain on young graduates, many of whom struggle with repayment due to job market constraints and wage stagnation.

Sarawak's ability to offer free education could be partly due to its resource-rich status, especially in oil and gas, which has contributed to its higher income base. This raises questions about federal resource allocation, the impact of regional autonomy, and the effectiveness of wealth distribution policies. Sarawak and Sabah have, in some instances, pushed for greater autonomy over their finances and resources, arguing that this could better serve the needs of their populations.

On the other hand, Peninsular Malaysia's issues with scandals, such as 1MDB, the feedlot scandal, and corruption allegations, have cast a shadow on the federal government's management of public funds. These issues not only affect public trust but also hinder the government's ability to fund social initiatives, such as debt-free education.

Peninsular is still going after PTPTN borrowers - cannot afford to waive???? Hahahaha

While Sarawak boleh - high income partner of Msia.....hehe

Peninsular continues to be plagued by shameless nama busuk feedlot cow, 1mdb, Lowyat 2, fashion valet......

While Sarawak boleh - high income partner of Msia.....hehe

Peninsular continues to be plagued by shameless nama busuk feedlot cow, 1mdb, Lowyat 2, fashion valet......

Low Yat 2" (MARA Digital Mall) project reported accumulated losses totaling RM286.3 million........

Resignation timing = poor timed, Too late or too fast? Not right.....

1. Economic Downturn or Market Instability: If the company or the broader retail sector is facing an economic downturn or market challenges, a CEO’s resignation could be seen as abandoning ship at a crucial moment. The retail fashion industry, especially in the wake of a fluctuating post-pandemic economy, requires steady leadership to navigate supply chain disruptions, shifts in consumer demand, and inflationary pressures.

2. High-Profile Competitions or Partnerships: If Fashion Valet has entered into any new high-profile collaborations or is dealing with a surge in competitors, a CEO’s resignation could signal a lack of confidence or commitment. For instance, Malaysia’s fashion industry is competitive, and local brands like Fashion Valet rely on loyalty and local support, so a sudden departure during a critical growth phase could affect the brand's momentum.

3. Ongoing Brand Rebranding or Expansion: If the company is in the midst of rebranding or an expansion phase, especially to reach new international markets or establish a stronger online presence, the CEO’s guidance and vision are crucial. A CEO leaving at this stage could interrupt the process, delay projects, or send a mixed message to investors and customers alike.

4. Negative Public Relations or Legal Issues: Resignation during a PR crisis or legal disputes could appear as if the CEO is stepping down to evade accountability. This might involve addressing criticisms around transparency, environmental impact, or treatment of employees within the fashion industry. A leader’s exit could undermine public trust, and without a clear reason, it could invite speculation that adds fuel to any existing issues.

5. Heightened Pressure for Inclusivity and Social Responsibility: The Malaysian fashion industry, like many others, is under pressure to be more inclusive, ethical, and socially responsible. If the CEO were seen as an advocate for these values, their departure could set back progress on initiatives designed to respond to societal concerns. Resigning at this point could be perceived as abandoning the mission for short-term gains or a lack of resilience.

6. Employee Morale and Retention: Leadership changes can have a direct impact on employee morale and retention, especially during times when talent retention is a challenge across industries. A CEO leaving abruptly could create uncertainty among employees, especially those invested in the brand's mission, and lead to increased turnover rates. This could be especially detrimental in industries reliant on creative and consistent team effort, as is often the case in fashion.

7. Investor Confidence and Financial Instability: Investors typically prefer stability and a steady, forward-moving trajectory. If a CEO exits without a well-communicated succession plan or fails to address future goals, this could create doubt about the brand’s resilience and market direction. Investors may interpret a sudden resignation as a lack of confidence in the company’s future, leading to a drop in stock value or funding.

Nothing on earth more toxic than fashion valet

Integrity, Accountability and Ethical Standards: Public trust in Khazanah and PNB is critical. Like in the 1MDB scandal, where Naj’s failure to address and prevent Low’s activities directly affected Malaysia's financial integrity, leaders of major institutions are expected to uphold ethical standards and act on misconduct. Not reporting any known misconduct, especially large-scale fraud, could imply that they are prioritizing reputation over accountability, which could lead to suspicion and erode trust.

Let Sarawak lead the way toward transitioning Earth to a Type 1 civilization on the Kardashev scale by pioneering renewable energy solutions and environmental stewardship.

It's citizens' rights to dissent. It is essential to defend the freedom to question and debate the imposition of cultural, moral, and religious diktats. When values and rules are forced upon a society without open discussion, it undermines individual autonomy and suppresses intellectual growth. Dissent is often misinterpreted as disrespect or rebellion, when in reality, it is a fundamental aspect of a vibrant democracy. Citizens must have the right to challenge policies that dictate how they should live, think, or behave, particularly when these policies impose narrow moral or religious standards that not everyone shares. Efforts to impose such mandates can be detrimental to a pluralistic society, where diverse beliefs and lifestyles coexist. Forcing a singular ethos onto the public not only stifles freedom of expression but also risks fostering resentment, division, and stagnation

As AI increasingly governs various sectors with precision and unbiased analytics, the expectation for political leaders and parties should rise to a higher standard: perform or be replaced

The new curriculum will ensure excellent representation of the history, culture, and contributions of all ethnic groups, leading to a healthy appreciation, deep understanding and mutual respect of the diverse cultural landscape of the country- from east to west- from its very origin to its ultimate formation. Students will be ensured to grow up with an excellent worldview and appreciation for multiculturalism.

Religion has been exploited in numerous ways for personal and organizational gain, primarily through financial, political, and social manipulation. Leaders may exploit donations, sell religious items, or operate Ponzi schemes under the guise of faith. Politically, religion is used to legitimize power, enforce social control, and justify violence or persecution. Charismatic figures often cultivate a cult of personality, manipulating followers through miracle claims or promises of salvation. Religious institutions may exploit tax exemptions, misuse charitable donations, and suppress dissent through excommunication or emotional blackmail.

Not to be kata di bawah skriptur gua- Promote Multilingualism: Enhancing proficiency in English, Mandarin and other global languages can improve competitiveness in the global economy.

Wastage of Public Funds: Overseas trips, often labeled as "study trips" or official visits, cost hundred of millions of ringgit per year. These funds could be better allocated to crucial national needs like education, healthcare, or debt repayment. In a time when Malaysia faces significant national debt, cutting non-essential expenditures like these trips would demonstrate fiscal responsibility.

It is unethical, potentially sinful, and non-halal for Members of Parliament (MPs) in Malaysia to receive large pensions—reportedly RM100,000+ per month—while the nation faces rising poverty, an expanding B40 (bottom 40% income earners) population, and increasing national debt is grounded in both moral and socio-economic considerations.

By failing to align their educational frameworks with global demands, many undeveloped countries miss out on opportunities for sustainable growth, while investments in moral policing result in social stagnation and economic decline.

Time wasted on irrelevant content—often rooted in dated pedagogies—further drains the potential for personal growth and intellectual curiosity. Instead of nurturing curiosity, students are taught to adhere to rigid structures, making education feel like a chore rather than an enlightening journey. As the world races forward, Malaysia’s national school system risks leaving its students behind, unprepared to compete on a global stage.

For the Pakatan Harapan (PH) and Barisan Nasional (BN) coalition to win Malaysia’s 16th General Election (GE16), they will need a comprehensive strategy that solidifies their base, expands their reach to new demographics, and addresses current issues with a vision for Malaysia’s future.

Evolution has equipped humans with skills optimized for survival in a primitive world, but these skills often fall short in the complex, digital environment we now inhabit. Education reform plays a critical role in helping children overcome the counterintuitive limitations of human evolution when adapting to a hypermodern, IT-driven world like IR 4.0 (the Fourth Industrial Revolution).

PerMAiDANI gomen has failed to learn from Jack Ma. Listen to what he says: Don't go after the M48 middle class - millionaires or not, they deserve the life that they have rightfully earned. It's the Top 2% billionaires who have sinfully sapu the public $$$$$$ supposedly meant for the B50 And these 2% hold 98% of the poor's money. Solution is simple. No brainer really

Protect the children - Prevention is better than cure: Early exposure to dogma would lead to cognitive rigidity, making it challenging for individuals to adapt to new information or change their beliefs in the face of evidence. This rigidity is associated with difficulties in adapting to complex or unfamiliar environments, which are increasingly prevalent in today's rapidly changing world. Cognitive flexibility is crucial for navigating new challenges and environments, particularly in the context of the information-rich society children are growing up in .

Failure to ending public funding of unjustifiable obsolete schooling which wouldn't be able to help learners to adapt better to face the new challenges in a fast-changing millennium.

Fashion Valet later.......

West Msia West Msia.......Fashion Valet and counting.......Sarawak progresses on.........Cursed generation after generation to pay back - In overseas gomen spend all the Rakyats' money. Keep borrowing till bertrillion-trillion hutang keliling pinggang. Rakyat kais pagi makan pagi. The metaphor "bagai kera di hutan diberi susu, anak di rumah mati kelaparan" suggests a situation where outsiders are prioritized while local citizens suffer, likening it to feeding monkeys in the forest while one's own children starve at home. This perspective criticizes Malaysian politicians for extending medical treatment and hospitality to Palestinians, potentially neglecting pressing local needs.

To foster a government driven by dedication rather than privilege, we should consider removing perks from political roles, ensuring that only those who genuinely love the work and care about the nation would take up such demanding positions. Unlike politicians, who receive taxpayer-funded benefits like housing, healthcare, transportation, and travel allowances, hardworking individuals in tax brackets T2-T15—the backbone of the tax base—do not have such privileges. These taxpayers work tirelessly to cover their living expenses, contribute to the economy, and support their families, balancing mortgages, education costs, and retirement savings without any state-backed safety net.

Eliminating the perks associated with political office would level the playing field, putting political leaders in touch with the realities their constituents face. Many professionals in T2-T15 brackets bear a far greater financial burden than public officials, yet they remain committed to their responsibilities, demonstrating a work ethic grounded in personal responsibility and a desire to contribute positively to society. Politicians should experience the same pressures that ordinary citizens face, encouraging a government of genuinely committed leaders rather than careerists drawn by benefits.

If the perks are removed, those entering politics would do so out of a deep sense of purpose and commitment to serve. This would attract individuals who prioritize public service and the nation's welfare, rather than those seeking a comfortable career path. It would also bridge the inequity in the current distribution of resources, as T2-T15 earners would no longer be funding an elite lifestyle for politicians. In turn, this might also lead to more responsible governance and a stronger alignment between policymakers and the citizens they represent, ultimately building a more committed and empathetic leadership class.

No more letting T2-15 pay for their transport, Burbery and extravagant lifestyle. Let MPs pay for the actual cost of such living........WHY not be really functional Robin Hood?

No more letting T2-15 pay for their transport, Burbery and extravagant lifestyle. Let MPs pay for the actual cost of such living.....

The hardworking, successful taxpayers in the T2-T15 bracket, who contribute the lion’s share of the tax revenue, shoulder a far greater financial burden than politicians who enjoy numerous perks funded by the public purse. Unlike these officials, whose benefits include subsidized housing, healthcare, transportation, and travel allowances, T2-T15 earners must finance their living expenses without such privileges.

These taxpayers are deeply committed to their work and families, often juggling demanding jobs, mortgages, education costs, and savings for retirement. Removing subsidies on essentials would increase their financial strain, as they lack the safety nets and additional income streams that politicians enjoy. For these earners, every additional expense can have a compounding effect, impacting their ability to save, invest, and maintain their standard of living.

As the backbone of the tax base, T2-T15 taxpayers already support government programs and subsidies, funding the very benefits that politicians receive. The removal of subsidies would not just hit their finances but could lead to diminished economic productivity, as these individuals might have to cut back on spending, impacting the economy as a whole. The expectation that they should continue to bear additional financial burdens, while elected officials live at the expense of their contributions, highlights an inequitable distribution of resources that deserves reconsideration.

A fairy tale that everyone could believe - NXBT Partners acquired a majority stake of 51.25% in FashionValet at a significantly reduced valuation. This purchase, totaling around 1.1 million dollar......hahaha

NXBT Partners acquired a majority stake of 51.25% in FashionValet at a significantly reduced valuation. This purchase, totaling around 1.1 million dollar......

The heads of Khazanah and Permodalan Nasional Berhad (PNB) bear a responsibility to report the Fashion Valet (FV) scam and, if failing to do so, might be considered as culpable as former Prime Minister in the 1MDB scandal involving JLow

Systematic path to reclaim misused public funds, sending a strong message against corruption while safeguarding Malaysia’s national investment funds.

Audits and Forensic Accounting: Comprehensive audits can be requested to trace funds. If FashionValet was involved, detailed forensic accounting would be necessary to establish any suspicious transactions or misuses of Khazanah or PNB funds.

The AGC might also involve other government and financial institutions to tighten corporate governance practices within these entities. This helps ensure that similar vulnerabilities do not occur in future investments by Khazanah, PNB, or other national funds.

If assets are found internationally, the AGC can collaborate with foreign authorities under international treaties and agreements like the United Nations Convention against Corruption (UNCAC) to recover and repatriate assets. This could involve extradition requests if individuals fled Malaysia.

Asset Freezing Orders: If there’s a high risk of assets being moved or hidden, the AGC can apply for a court order to freeze assets. This would prevent any further dissipation of funds or assets by those suspected in the case.

Depending on the findings, the AGC could pursue both criminal and civil cases. Criminal proceedings might involve charges such as breach of trust, fraud, or money laundering under Malaysian law. Civil lawsuits, on the other hand, could be filed to directly seek asset recovery or damages from individuals or entities involved.

The AGC would first need to gather comprehensive evidence. This involves working with investigative bodies like the Malaysian Anti-Corruption Commission (MACC) and the Royal Malaysia Police (PDRM) to trace any misuse of funds or assets. Forensic accountants could track transactions, looking for signs of money laundering, misappropriation, or fraud.

Trustee Act 1949 and Common Law Fiduciary Duties
- Although Khazanah is a sovereign wealth fund rather than a traditional trust, its directors and officers have fiduciary responsibilities similar to those of trustees. If they failed in this duty, there might be grounds to allege a breach of trust under common law, especially if it’s shown they acted recklessly or irresponsibly with public funds.

Anti-Corruption: If corruption, abuse of position, or kickbacks were involved, the MACC Act 2009 would apply. Section 17A of the MACC Act makes commercial organizations liable for corruption unless they can demonstrate adequate procedures to prevent it.

Fashion Valet, an online business focused on fashion, had every reason to thrive during the COVID-19 lockdowns. With physical retail severely restricted, consumer behavior naturally shifted toward online shopping, where demand for convenience and safety made e-commerce an ideal solution. Lockdowns led people to spend more time at home, often leading to an uptick in online browsing and purchases as individuals sought to adapt to new lifestyle needs or simply engage in retail therapy during an uncertain period. This shift was evident across various industries where online businesses saw increased traffic, suggesting Fashion Valet, as an e-commerce fashion retailer, should have been no exception.

Moreover, the fashion market adapted to new demands, with businesses pivoting towards comfortable, casual, and home-oriented attire. Online retailers were well-positioned to offer these categories without the overhead costs of physical stores. Fashion Valet's existing digital infrastructure should have allowed it to capture this market shift effectively. Additionally, with platforms offering fast delivery and easy returns, customers could confidently purchase clothes without in-store visits.

Given these factors, Fashion Valet had multiple opportunities to leverage its online presence. If reports suggested a contrary outcome, it likely points to operational, marketing, or strategic issues specific to the company, rather than an inherent challenge faced by online fashion retail in general during the pandemic.

Public Sector vs. Private Sector Accountability: Unlike the private sector, where market forces discipline failure through loss of profits or jobs, public institutions like Khazanah must demonstrate higher accountability standards to justify their use of taxpayer funds. Continuing to reward the top brass in the face of missteps establishes a dangerous precedent and suggests that poor performance lacks consequences.

Freezing all potential suspects' bank accounts linked to the substantial loss is a pragmatic and ethically sound response. It aligns with governance best practices, meets compliance requirements, and demonstrates Khazanah’s dedication to prudent asset management and risk mitigation.

Reliance on Public Funds and Accountability: Khazanah’s portfolio is financed by taxpayer money, which emphasizes its duty to operate with fiscal responsibility and transparency. A sizable loss without clear justification might suggest that there were gaps in due diligence, market insight, or operational oversight on the board’s part.

Strategic Responsibility of Management: The responsibility lies with Khazanah’s board and management to ensure that their investments align with their mandate for value generation and strategic growth. With a substantial loss on record, it would be reasonable to expect some acknowledgment of oversight issues, as well as preventive measures to avoid similar occurrences in the future. Their emphasis on the “end of holding period” without mention of possible missteps in investment assessment or execution may come across as sidestepping accountability.

Lack of Transparency Regarding Investment Failures: Sovereign wealth funds like Khazanah operate using public funds, so transparency is crucial. Khazanah’s statement does not provide a detailed account of why the investment failed or what factors led to FashionValet’s financial troubles. The lack of an in-depth explanation could reflect poor accountability to stakeholders.

Urgent Need for Funds: The announcement mentions that FashionValet was in urgent need of funds to continue operating, indicating potential financial distress. If this distress was recent, then Khazanah’s decision could arguably be a necessary but unfortunate exit. However, if this distress was long-standing, it raises questions about whether Khazanah properly monitored the investment and intervened promptly to either guide FashionValet or exit earlier.

Timing and Justification of Divestment: Khazanah stated that it divested from FashionValet due to the investment reaching the end of its holding period. However, a large RM43.9 million loss suggests that the investment’s performance was problematic well before reaching maturity. The "end of holding period" explanation may seem like a deflection from discussing specific issues related to performance monitoring and strategic decision-making during the investment term.

For transparency, Khazanah’s board could face stronger oversight, reforms, or even legal action if there’s evidence of willful or gross mismanagement.

Independent Forensic Audit: An independent review could be requested to identify if there was genuine oversight failure, negligence, or any other malfeasance in the handling of this investment.