We have to thank the 46% who voted for BN, and of course, not forgetting the good works of EC through its gerrymandering, had secured the win for BN. We the majority nevertheless have to suffer along with them.
Told you people after GE, prices of goods will shoot up . BN is stands for Barang Naik and they are just keeping to their words literally. With this bout of increase, you can expect another fierce inflation the ra'ayat have to face. This is another sign of a financially troubled nation. Transportation costs will go up and there will be a chained effects in spiraling prices of goods and services and I dread to think if we are further be burdened with GST. Congratulations to those who voted BN back to power.
Do report to POLICE. Another RED BEAN ARMY by the name Alias258. Kasi tangkap semua RED BEAN ARMY ni. Tol di Penang Tu tak mansuh-mansuh tak nak cerita. Always attack government. Logic is no govt in this world will like to put in the situation that they have to burden the rakyat especially when they lost the popularity vote. But there is thing that govt should take in order to reduce the burden in economy and eventually reduce the commitment to subsidy.
SOMETIME in September 2009, currency traders at Bank Negara Malaysia were jolted by huge purchases of US dollars in the domestic currency market and quickly decided to halt the selling pressure on the local currency. They were promptly told to stand down by their superiors.
The buildup of US dollar positions on that day paved the way for state-owned 1 Malaysia Development Bhd (1MDB) to move US$1 billion out of the country for an investment in a British Virgin Islands entity.
“At the time, no one knew where the money was headed or why such a large amount was being taken out,” said one senior Kuala Lumpur-based currency trader familiar with the episode.
“It was a company we needed to watch, because it came out of nowhere and showed clout,” said another chief dealer at a foreign bank in Kuala Lumpur.
These days, 1MDB isn’t just raising eyebrows. The secretive investment arm of the government is sending shockwaves through international bond markets and raising concern at home with its aggressive borrowings, opaque financial manoeuvres and risky bets. It is also becoming a hot political potato for Prime Minister Datuk Seri Najib Razak’s administration.
Opposition politicians insist that 1MDB is part strategic investment arm and part political slush fund for the Najib government, because of its generous financial handouts to key constituencies of the ruling Barisan Nasional (National Front) coalition.
In just over four years, 1MDB has racked up borrowings of more than US$11.97 billion (RM38.4 billion), corporate documents and published accounts reviewed by The Edge Review show. This huge accumulation of debt is against a backdrop of paltry profits, derived largely from the shuffling of assets on its Cayman Island investment and the revaluation of PROPERTIES [] purchased at steep discounts from the government.
No Southeast Asian entity has accumulated so much debt in such a short time, and because the borrowings carry the implicit guarantee of the Malaysian government, bankers and economists say that 1MDB is emerging as a serious contingent liability for the Najib administration.
As part of the "Janji Ditepati" election promise by UMNO, the petrol price is going up for RON 95 to RM 2.10. I'm sure the 46 plus percent of the rakyat and the banglas who voted BN will be ecstatic with the petrol price hike.
This is good rythms guys,,what he is doing is killing Bn for the next election..Let him do what he wanted ...our ambitions is to bring down Bn in the next election and our new government will arrest all those mother fuckers once and for all and change whatever mistakes they have done. let them burn their own house, now all those 47% who voted for them have started to regret. Blessing in disguise we had. This is arrange by our mighty god. Be End is coming soon. Even the Malays are regreting hard now.
Soldier dap came to support PR....dont worry. PR goverment should help their votersby paid a cent....negara kebajkan jgn lupa..masa ni tuntut Janji bela rakyat...tak banyakma..only 20 cent....
This is only the beginning, expecting more bad news will be coming soon - the anticipated increase in electricity tariffs, GST, weakening ringgit etc all set to spiralling costs and inflation. Many who at present are struggling with the burden of housing and car loans will have to face even tougher time ahead. Needless to say, it is foreseeable that some may need to live on borrowing money and there will be increased in social problems such as crime rates, family problems, suicide rates etc. One cannot imagine how the poor rakyat are going to survive and what would becoming of this country in the years to come ...... Yet MP Bung from Sabah said "Petrol price increase won't affect the poor" ! He ought to be the world's most sought after Finance Minister!
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