Politik, Legislatif, Dasar dan Tadbir Urus

By Yasmine Yahya Regulators have wrapped up a two-year review of banks involved in 1MDB-related transactions known to-date but the after-effects of this probe will likely reverberate through the financial industry for many years to come. As the Monetary Authority of Singapore (MAS) itself noted in a statement on Tuesday (May 30), the review is the most extensive it has ever taken. The investigation was a deep dive into all the transactions that have flown through Singapore and were related to Malaysian fund 1MDB, which is under investigation in at least six countries over billions of dollars of suspected misappropriations. It led to the shutting down of two banks, BSI Bank and Falcon Bank and financial penalties totalling $29.1 million being imposed on eight banks - BSI, Falcon, DBS, UBS, Standard Chartered Bank, Coutts, Credit Suisse and United Overseas Bank. Prohibition orders have been issued against four former employees of financial institutions implicated in 1MDB-rel...

Now, the former Sabah chief minister of the previous Berjaya state government Tan Sri Harris Salleh had just made a final plea to urge the authorities, particularly the police force not to confiscate the Mykads and other documentations from the citizens of Suluk origin in the state. According to him, the confiscation exercise could be part of the retaliation by the police in aftermath of the attacks by the armed Sulu terrorists in Lahad Datu which resulted to the death of their men. There are so much coincidence over here. And the situation is getting more complicated and confusing. First the Royal Commission of Inquiry (RCI) to Investigate the Illegal Immigrants in Sabah was established and during the RCI hearing, some people from the ground, be it Malaysians or the illegal immigrants themselves had exposed many dirty works from within the administration during the former prime minister Mahathir Mohamad's reign. Then, the Sulu terrorists intruded into our nation's water w...

It is very clear that the water deadlock in the state of Selangor is the work of the Barisan Nasional (BN) leaders. Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) is not fully owned by the Selangor state government. The major shareholder of Syabas is Puncak Niaga Holdings Berhad (Puncak Niaga) who holds 70 percent of the total share in Syabas. The Selangor state government through Kumpulan Perangsang Selangor Berhad only holds about 17 percent, while the other 13 percent is currently being held by the Ministry of Finance Incorporated (MOF Inc.) We all know that Puncak Niaga is a company owned by those who had close connections with the federal government, BN and Umno. Plus the other part which is currently held by MOF Inc., the total BN interest in Syabas is at 83 percent, which means the Selangor state government which has only 17 percent stake in Syabas is only a minority shareholder. In this case, what can the Selangor state government do as a minority shareholder? Certainl...

According to the Bukit Gelugor MP and DAP National Chairman, Karpal Singh, elected MPs or state assemblymen (ADUNs) cannout go against the wishes of the people. We support the stand made by Karpal and we hope that the other leaders of DAP and the other two Pakatan component parties, PKR and PAS would also state their stand against party-hopping. It is not only happening from the Pakatan side (who switched camp and joined BN), but it is also happening at the BN side (switching their support to Pakatan). And all these situation has its reasons behind. But we don't care whether it is because they were being bought over (with money) or it is because of their "principle" that they are believing in. What we all knew is that these MPs and state assemblymen were elected by the people in the general elections who voted and supported the political parties of their choice and not by the individual persons named. And those MPs and state assemblymen were elected on their respec...

Well, the Elections Commission (EC) is trying to cause some trouble again with the creation of more rules and sub-rules so they could give opposition parties some nightmares, particularly PKR, DAP and PAS who are now currently working under a coalition named Pakatan Rakyat. In the recently list of rules being circulated out by the EC chairman recently, it stated that if any opposition party is contesting in an area, flags and posters of the other opposition parties who are not contesting cannot be displayed. The EC chairman was referring to the Pakatan Rakyat (PR) coalition and blamed the PKR, DAP and PAS leaders for not being serious enough to get PR registered with the Registrar of Societies (ROS). The EC head also added that an exception was given to Barisan Nasional (BN) where its component parties are allowed to display the flags, banners or posters of their respective parties, because the BN is an entity registered by the ROS and PR was not until today. First, the i...

According to the home minister and Umno vice-president Hishammuddin Hussein, the organizers of the 901-Free Anwar Campaign planned on Monday next week must guarantee that the gathering will be peaceful and that they will have to convince the police that whatever they are planning to do will not affect the people's safety and public order. The other issue is, can the police and the home ministry (KDN) in turn guarantee our people that there will be no provocation or whatsoever brutality on the police side and ensure the safety of the campaign participants? We had seen all those injuries and a death in the Bersih 2.0 last year where it was the police who had provoked the protesters and turned some part of the rally into an angry crowd, just because the police uses force and brutally assaulted these participants even if they were there walking and protesting in a peaceful manner. Remember, no one will get angry for nothing unless he or she is being provoked, harmed or threatened and t...