With the latest allegation by Abdul Hamid that Mahathir attacked Najib because Najib stopped Mahathir from repatriating RM1.194 Trillion of funds back to Malaysia, is Mahathir now unofficially the “richest” man in the world?

IMG-20151208-WA0006
Tun Mahathir’s former comrade Abdul Hamid has alleged that the reason behind Mahthir’s attack on Najib was because Mahathir was unable to transfer RM1. 194 Trillion of funds back to Malaysia. Abdul Hamid also allege that Najib as the Finance Minister refused to sign on the RM1.194 Trillion transfer of funds.
This revelation if true, is both shocking and explosive as it set not only one but three world records.
Firstly, the RM1.194 Trillion(USD 279 Billion) would make Mahathir the richest man in the world, where his net worth will be 3.5 times more than the 2015 Forbes Richest man in the world, Bill Gates at USD 79.2 Billion.
Secondly, the RM1.194 Trillion of funds owned by Mahathir will make him the only former premier in the world that accumulated wealth which is equal to 4.47 times of the country’s national budget. Malaysia total expenditure in budget 2016 is RM267 Billion.
Thirdly, Mahathir will also be the only former premier in the world that amass wealth that could pay off the entire national external debt in the world. Malaysia’s external currently stood at RM 740.7 Billion.
Mahathir must come clean on how he has accumulated such an astronomical amount of wealth which is 3.5 times more than Bill Gates net worth, 4.47 times of the national budget and 1.6 times of the country external debt. He must disclose his source of income and also the total amount of taxes he paid to accumulate such a huge amount of wealth.
DAP Perak has today lodge a report at MACC Ipoh against Tun Mahathir on the allegation by Abdul Hamid. I urge MACC to investigate if the RM 1.194 Trillion of funds was acquired by Mahathir illegally and take immediate action if there were any wrongdoings committed.
Media Statement by Chong Zhemin, Political Secretary to DAP Perak Chairman and DAP Perak Economic Development Bureau Chief on 8 December 2015

Najib is the biggest hawk in UMNO and Liow Tiong Lai must immediately cut ties with Najib to uphold pluralism and moderation

MCA president Liow Tiong Lai in an interview with Oriental Daily yesterday has said that UMNO needs to deal with its party’s hardliners, who have been out in full-force since the last general election to put the country on-course towards racial extremism. He further added that Hawks’ within UMNO are either pushing the rally, or creating problems behind the scenes.

Liow Tiong Lai is right when he said the Hawks in UMNO is out in full force to put the country on-course towards racial extremism. What Liow failed to mention is that Najib as the UMNO President is currently the biggest hawk in UMNO stirring racial sentiments and advocating the Malay siege mentality that Malays are under attacked by other races.

Malaysians will forever remember Najib as the first Prime Minister ever to openly approve a racial gathering planting the seed of hatred among Malaysians. This is an act unimaginable by all the past five Prime Ministers.

Najib also justified the 916 racial rally by saying the Malays are being slapped 4 times before the Malays rise to protect their dignity. On the other hand, Liow in yesterday’s interview said that Chinese political power is on the brink of collapse.

Both Najib and Liow statement are classic BN siege mentality tactics to deceive the voters that Malays and Chinese are under attack and the need to vote in a race-based party, UMNO and MCA to protect their rights.

How can Najib and Liow be both possibly correct? If the Malays dignity are being challenged and the Chinese political power is on the brink of collapse, does it mean that the Indians, Ibans or the Kadazans are currently on the uprising?

The Malays dignity is not challenged but it is Najib’s premiership being challenged for his failure to answer the many questions raised on 1MDB scandal. Similarly, Chinese political power was never on the brink of collapse but it is MCA which is on the brink of collapse for they have totally failed the Chinese community.

I urge Liow to stop using race as a bait to fish for votes. If Liow is really serious to uphold pruralism and moderation, MCA must immediately cut ties with Najib who has already proven to be the biggest Hawk in UMNO.

Media Statement by Chong Zhemin, DAP Perak Economic Development Bureau Chief and Political Secretary to the Taiping MP on 20 Sept 2015

Call to postpone the implementation of GST indefinitely – not only Malaysians are not ready, even Barisan Nasional is not ready!

The Royal Malaysian Customs Department revealed the number of companies that have registered for the Goods and Services Tax (GST) stood at 94,943 as at October 17. Reports estimated that there were some 300,000 businesses in Malaysia with turnovers above half a million ringgit that must register for the GST by 31 Dec 2014.

Astonishingly, the government only set a target of 140,000 registered companies by year end which is not even half of the number of companies required to register for GST. Even by setting such a low target, Deputy Finance Minister Chua Tee Yong has confessed last month that the Government’s target of 140,000 registered companies by year end was still way off.

This proves that Malaysians are not ready for the implementation of the GST. The government has failed to provide enough information and assistance to help Malaysian companies with the transition phase from SST to GST.

It is not only Malaysians are not ready, even Barisan Nasional is not ready for the GST implementation!

Prime Minister Najib Razak in his 2015 budget speech mentioned that RON95 and diesel will be exempted from GST (dikecualikan cukai). His announcement was interpreted as RON95 and diesel will be zero-rated. However RON95 petrol and diesel do not appear in the recently released list of GST exempt or zero-rated items.

Wong Poh Geng, a tax director at the accounting and professional services firm, said in a Deloitte Seminar yesterday that legislation on GST exemption for RON95 petrol and diesel is incomplete.

I urge Najib to immediately clarify if RON95 and diesel will be a GST exempt or zero-rated product.

It is completely unthinkable that such huge uncertainty had not been dealt with in the Budget announcement. Putrajaya must immediately finalise the GST exempt list and zero rated item list. With five months into the implementation of GST, not only Malaysians are not ready, it is evident that even Barisan Nasional is not ready for GST.

I call on Najib to postpone the implementation of GST indefinitely and give Malaysians for time to prepare for this transition period.

Media Statement by Chong Zhemin, DAP Perak Economic Development Bureau Chief and Political Secretary to Taiping MP on 21 Oct 2014

Will Najib flip a coin this Friday to decide if there's GST on petrol

It couldn’t be more ironic when Malaysians need to rely on foreign newspaper to know that GST will be imposed on petrol.

Yesterday, Singapore’s “Shin Min Daily News” published a news report that Malaysia will announce the implementation of GST on petrol during budget 2015 this Friday.

For the past one month, Deputy Finance Minister, Ahmad Maslan has repeatedly denied that the decision to impose GST on petrol has yet to be finalized. Ahmad Maslan even refuted an earlier statement by Senior Assistant Director of the Royal Malaysian Customs Department Isa Daud that petrol will not be exempted from GST.

Ahmad Maslan definitely has his mind on the Pengkalan Kubor by-election when he insisted a decision has yet to be made to impose GST on petrol.

Ahmad Maslan denial has now been exposed as a lie when even foreign media published the news that GST will indeed be imposed on petrol. Ahmad Maslan now owes all Malaysians a reasonable explanation on his denial.

There is only three more days left before budget 2015 will be tabled in parliament. Is Ahmad Maslan going to persist and tell all Malaysians that BN is so indecisive; a decision to impose GST on petrol has yet to be made? If so, is Najib going to flip a coin in parliament this Friday to decide whether GST will be imposed on petrol?

Media Statement by Chong Zhemin, DAP Perak Economic Development Bureau Chief and Political Secretary to the Taiping MP on 7 Oct 2014

BN is fearful of a voter backlash in the Pengkalan Kubor by-election hence the flip-flop on imposing GST on petrol and diesel

Deputy Finance Minister Datuk Ahmad Maslan on Monday insisted that the government was still undecided on how to treat petrol and diesel when the GST comes into effect next April.

Ahmad Maslan further clarified that the ministry had not arrived at a decision on whether petrol and diesel would be gazetted as zero-rated or tax-exempted items.

Ahmad Maslan’s statement contradicted earlier remarks by Royal Malaysian Customs Department senior assistant director Ishak Daud saying that petrol and diesel would not be exempted from the GST, which comes into effect on April 1, 2015.

Is the BN government fearful of a voter backlash in the Pengkalan Kubor by-election if an announcement is made to impose GST on petrol and diesel? It is clear that Ahmad Maslan is buying time for BN to avoid making an announcement to impose GST on petrol and diesel before the by-election. Hence the flip-flop and the ambiguous reply from various departments and ministries would not be hard to comprehend.

Is BN government so incompetent that with less than seven months from the GST implementation date, BN is still unable to come up with a complete list of GST-exempt and zero-rated items? If BN needed more time to study and finalise the list of items, BN shouldn’t have rush through the implementation of GST taking the people and businesses by surprise.

Ahmad Maslan also said the decision to impose GST on petrol and diesel will be dependent on the fuel subsidy rationalisation programme. This is a mischievous way to confuse the people. Regardless whether the government decides to “rationalise fuel subsidy” or “impose GST on fuel”, the net effect will be the same – fuel subsidy will be removed which will directly lead to higher petrol and diesel prices causing a chain effect burdening the people.

Najib must immediately come clean and announce whether BN will impose GST on petrol and diesel. Let all Malaysians be the judge if the BN government is sincere to fulfil its first promise of the 13th general election manifesto – easing the cost of living.

Media Statement by Chong Zhemin, DAP Perak Economic Development Bureau Chief and Political Secretary to the Taiping MP on 17 Sept 2014

Najib is deluded when he described the RM6 billion injected to MAS as an investment rather than a bailout

No Malaysian will believe Najib when he described the RM6 Billion injected to MAS as an investment rather than a bailout. Why would any sane investors want to “invest” in a company that has lost a total RM4.3 Billion for the past 3 years?

It is crystal clear that the RM6 billion injected to MAS is a bailout as it is use to save the airline from bankruptcy. Najib is deluded when he said the RM6 billion injected to MAS as an investment rather than a bailout.

The proposed MAS Act to facilitate staff transfer and to terminate or review contracts which are unfair to the airline is also controversial. The proposed MAS Act if come into effect will retroactively changes the legal status of the employment contacts of MAS staffs. The MAS Act is against natural right and unjust as it could nullify all current employment contracts with MAS.

Continue reading “Najib is deluded when he described the RM6 billion injected to MAS as an investment rather than a bailout”

Chua Tee Yong either failed his accounting or lied when he said big companies will not want to do business with non-GST small businesses as they cant claim their input/output tax

According to a news report by The Malaysian Insider on 16 Aug 2014, Deputy Finance Minister Chua Tee Yong said the below during a GST seminar organised by the Secretariat For Empowerment of Indian Entrepreneurs under the Prime Minister’s department

“Come April 1, 2015, which is the date for GST implementation, the big companies will not want to do business with the non-GST small businesses as they can’t claim their input/output tax.

“This will sooner or later cause these micro and small businesses to become less competitive in terms of pricing structure.”

The above statement by Chua Tee Yong shows his complete ignorance towards the GST implementation subject matter. This is outright unacceptable and an outrageous mistake for a Deputy Finance Minister and an accounting graduate like Chua Tee Yong to commit.

Continue reading “Chua Tee Yong either failed his accounting or lied when he said big companies will not want to do business with non-GST small businesses as they cant claim their input/output tax”

Najib must explain the real reasons behind the decision of spending RM1.4 billion of tax payers’ money to take MAS private

Khazanah Nasional’s decision to take Malaysia Airlines(MAS) private is questionable given the current dire financial state MAS is in. MAS has lost a total of RM 4.3 Billion over the the last three financial period. There is no indication that a turnaround would happen in the near future based on the current cost structure MAS is operating in. Khazanah Nasional’s move to buyout MAS is akin to throwing good money over bad.

Instead, a better option is to let MAS emulate the footsteps of Japan Airlines(JAL) in 2010 by filing for bankruptcy. Filing for bankruptcy under Section 176 of the Companies Act 1965 would allow MAS come under creditors protection and restructure its operation in a shorter timeline.
Continue reading “Najib must explain the real reasons behind the decision of spending RM1.4 billion of tax payers’ money to take MAS private”

Khairy should stop being a hypocrite by equating a personal facebook status update to the act of a road bully

Khairy should stop being a hypocrite by equating a personal facebook status update to the act of a road bully. While the facebook status update by Kelvin Yip is inappropriate, it was a personal facebook status update(not a public status update) which is only limited to his facebook friends. This could be clearly seen from the facebook setting from the screenshot Khairy posted.

If Khairy insists that Kelvin Yip should be charged, he must answer the more pertinent question in this issue – under what act should Kelvin Yip be charged? Is it the Sedition Act that Najib promised to repeal more than two years ago?

If Sedition Act were to be used in this case, what about the people(which includes Khairy) who were distributing and sharing the screenshot of the status update? Weren’t they as guilty as they were promoting feelings of ill-will and hostility between different races or classes of the population of Malaysia?

If Khairy is serious in seeking justice for all and ask for all deserving criminals to be charged, Khairy needs only to look into the mirror. What about the UMNO Youth who publicly storm DAP Headquarters in KL vandalizing private property? Do they deserve to be charged? Why is there no action taken despite nationwide police reports lodged against UMNO Youth?

Media Statement by Chong Zhemin, DAP Perak Economic Development Bureau Chief and Political Secretary to the Taiping MP on 1 Aug 2014

An open letter to Teluk Intan voters

31 May will go down in Malaysia’s history as one of the most important day within the next decade of nation building. It will determine if Malaysia politics is going to take a paradigm shift to a new era of politics which is based on ideas, opinions, policies, and principles. Or if Malaysia would revert to the old politics where racial and religious issues continue to dominate and played up by politicians to cling on power.

Over the past year, our nation has been riddled with a myriad of problems including the Allah controversy, confiscation of the Malay bible, persecution of opposition leaders, rising cost of living, the implementation of GST. Instead of focusing on the real issues that would affect the bread and butter of ordinary Malaysian, race and religion continue to be played up to divert the attention of the main issues.

Presuming Najib see out his term, the next General election will be 4 years away. However, you as a Teluk Intan voter have the chance to put things right on track for this country on the 31 May. By voting in DAP candidate, Dyana Sofya as the MP of Teluk Intan, we will send shock waves to the entire nation.

Dyana is young, a female, Malay and a Muslim. But none of these matter as she is the same as we are, a Malaysian. Therefore, I urge all Teluk Intan voters regardless of age, sex, race or religion to stand solidly behind Dyana and send her to parliament for she upholds the principles of justice, freedom and equality.

Over the past fifty seven years, we have been brainwashed by the ruling party that we need to vote our own race in order to safeguard our community interest and survival. Malays to vote for a Malay, Chinese to vote for a Chinese and Indians to vote for an Indian. The time has come for us to think out of the box, we want a Malaysian who can fight for us.

Teluk Intan is a mixed constituency where none of any race forms more than 50% of the electoral. This racial composition is also identical of Malaysia’s which make the by-election of significant importance.

By giving Dyana a strong solid backing and convincing victory, Teluk Intan can send a resounding message to the entire nation – the days of racial politics are gone. Let us show to Malaysia that Teluk Intan is colour blind and we vote according to the candidate credentials not based on age, sex, race or religion.

If Dyana wins the by-election, she would not only be the first female Malay MP for DAP, she would also be the youngest MP in the current Dewan Rakyat. In the 1997 by-election, Teluk Intan wrote history and created miracle when DAP capture the Teluk Intan seat overturning a huge majority by Gerakan in the 1995 General Election. Can Teluk Intan do it again? Yes we can. Let us write history and create miracle. Let Diyana, a political greenhorn pull off an upset against the President of Gerakan, Mah Siew Keong in his stronghold Teluk Intan.

For too long, we allow the racial and religious bigots to roam free in this country. It is time for all patriotic Malaysians to reclaim our nation from being hijacked by the minority extremist. Malaysia needs to move forward, and the journey starts from Teluk Intan.

Will 31 May be the watershed moment in Malaysia politics? The decision is in your hands. 531, Vote for Dyana, break the wall, break racial politics.

Open letter by Chong Zhemin, DAP Perak Economic Development Bureau Chief, Political Secretary to DAP Perak Chief and a Teluk Intan voter