Sunday, November 5, 2017

Raja Petra - Spin Doctor Par Excellence... (Singapore's US1.77 Trillion External Debts)

Raja Petra mentioned several times about Singapore external debts when he argued about Malaysia economic situation. Dr Mahathir: The Malaysian Government total debt is almost one trillion Ringgit. Show how you are going to pay this. Raja Petra's answer: Singapore’s external debt is US$1.766 trillion, almost eight times that of Malaysia’s. Singapore’s debt to GDP is 240% while Malaysia’s is only 53.2%. Mahathir needs to study economics before talking about such matters. Mahathir is like a taxi driver discussing brain surgery. Raja Petra is using Singapore to "console" Malaysians that we are NOT that bad :) Let's read Singapore's Finance Ministry reply to this question of US1.7 trillion external debts: ASKST: WHY DOES SINGAPORE HAVE AN EXTERNAL DEBT OF US$1.766 TRILLION? Media: The Straits Times Goh Eng Yeow engyeow@sph.com.sg Senior Correspondent Reader Lam Peck Heng wrote in to askST after senior correspondent Goh Eng Yeow answered a question about Singapore's foreign reserves. Mr Lam asked, citing information from a Wikipedia article: "Can you explain to your readers why Singapore had an external debt of US$1.766 trillion (S$2.518 trillion), as at November 13, last year?" Here is his answer. The external debt of US$1.766 trillion, quoted in the Wikipedia article cited by the reader, refers to Singapore's gross external debt. As the Wiki article explains, this is defined as the "total public and private debts owed to non-residents which are repayable in internationally acceptable currencies, goods, or services". Much of these gross external debts can be traced to the debt liabilities in Singapore's banking sector - a reflection of Singapore's stature as a major international financial centre. When a bank receives a deposit from a saver, this is recorded as a liability on its books as it is considered as a "loan" from the saver. When the bank lends out the money, this is recorded in its books as an "asset" because it has given a loan to a borrower. As a major financial centre, Singapore receives large inflow of capital from overseas and a substantial portion of this money is deposited with its banks. This is recorded as external liabilities or borrowings. That means that much of the so-called gross debts reflected in the Wiki article are, in fact, deposits kept in Singapore banks by overseas banks and depositors. This money is then recycled by the banks to lend to big overseas borrowers when they take up loans from Singapore-based lenders. Once that happens, it becomes part of Singapore's external assets. What is important to note that in the domestic loans market, Singapore banks are able to attract sufficient deposits from local depositors to support their lending to local companies and households. That ensures that these lenders do not have to resort to borrowing overseas in order to lend to resident borrowers. This will help to insulate Singapore from any financial fall-out if the world banking system suddenly faces a credit crunch, making it difficult for banks to borrow on the international financial markets to fund their borrowing needs. Taken as a whole, both the public and private sectors in Singapore are net creditors with a strong net asset position equivalent to around 200 per cent of its gross domestic products in its international investments. There have also been some international reports which list Singapore as having high levels of government debts. These may puzzle some readers, given the fact that the Government runs a balanced budget. Contacted by The Straits Times, a Ministry of Finance spokesman said: "We would like to take this opportunity to assure you that the Singapore Government has a strong balance sheet that has assets well in excess of our liabilities. This means that taking into account our assets, we have no net debt." A Government article on the subject explains that Singapore does not borrow to spend. Instead, it invests all the proceeds which it has borrowed. The income which it earns from its investments is also more than sufficient to cover the debt servicing costs. As of March this year, the total outstanding Government borrowings stood at S$436 billion. The Government issues three types of domestic debts: * Singapore Government Securities to develop the domestic debt market; * Special Singapore Government Securities to meet the investment needs of the Central Provident Fund, and * Singapore Saving Bonds to provide individual investors with a long-term saving option that offers safe returns. What is also important to note is that unlike some other countries which have to raise funds in currencies such as the US dollar or euro to balance their books, the Government does not have any foreign currency debts. Source: The Straits Times © Singapore Press Holdings Limited. Permission required for reproduction.

Tuesday, September 19, 2017

SPIRITUALITY has nothing to do MONEY!

Poor are those who sell god as money-god!

Well, I fully support Kepimpinan Melayu, I am sincerely fully supportive of it!

I mentioned many times that we don't need MCA, Gerakan, MIC, etc to defend us if we have great and far-sighted Malay leaders who put national interests above their own personal gains and we don't need to abolish pro-bumiputra policies if the policies can genuinely and successfully enable Malays to pursue upward social mobility but not at the expense of other ethnic groups and without compromising the competitiveness of our country.

To me, I would very much prefer a cabinet line-up that is 100% good Malay leaders, lest Umno accuse Chinese of "gila-kuasa" (power-hungry in English). We should fight for and help establish a meritocratic system among Malays before we talk about meritocracy on a national scale.  Currently, we have too many ministers who are so "good" for nothing :) 

Monday, May 27, 2013

An Open Letter to Mr P Waythamoorthy and Hindraf Committee Members

Dear Mr P Waythamoorthy and Hindraf Committee Members:

First of all, I wish to express my most heartfelt congratulations on your success in ending more than 50 years of hardships endured by your fellow Indians in Malaysia. As you ended your hunger strike not too long ago, now is the time of celebration to enjoy sumptuous food, Indian mutton chicken is my favourite food, I think you like it too.
Your achievement is remarkable and I think the Malaysian Government should nominate you for the Martin Luther King Legacy Award in America for your sacrifice to make significant contributions in race relations, justice and human rights in Malaysia. If they reject the Malaysia government’s nomination, it is still okay as you may still be conferred a Datukship or Tan Sriship after 5th May 2013 in Malaysia, as in the case of Jelapang ADUN Mdm Hee Yit Foong, who, like you, fearlessly fought for justice and equality (Mdm Dato Hee was not provided a state-sponsored vehicle when she was with Perak PR-led government, it was really not fair and just to her).
Nevertheless, I felt very prompted to write you a letter when I heard of your history-making achievement at 5pm this afternoon. I just simply want to share a family story with you…
More than 50 years ago, my daughter Indianah was conned into giving herself to a guy called Ummnooo. Ummnooo has always treated my daughter like a nobody; mental torture and verbal insults are part or parcel of her daily life, and sometimes physical abuse. In spite of more than 50 years' requests to grant her proper “status”, Ummnooo just wants her to remain stateless so he can continue his arrogance and threaten to send her back to me so he can use it to embarrass my entire family. Sometimes I feel my daughter is just a sex toy to him - no status, no money, no security and there was one occasion where Umnooo kept on kicking and hitting the head of my daughter’s pet, a cow … calling her stupid while torturing her pet in front of so many people.
More than 50 years of suffering suddenly comes to a very interesting twist when another handsome guy Pi-R appears. If I am not wrong, Pi-R told my daughter to leave Ummnooo and elope with him. He promised a better future and would treat her with honour, dignity and respect. I am not sure whether Pi-R can be trusted but when Ummnooo found out Pi-R was after my daughter Indianah, he first tried to threaten her, slapped her and said: “I can live without you, get lost now”. My daughter really did it in 2008 and she eloped with Pi-R.
The thick-skinned Ummnooo realised how important my daughter is to him. My daughter is hardworking and most of the time Ummnooo does not even bother to provide allowance for her and she has to stay hungry sometimes. Where to find such a good and cheap labourer??? So Ummnooo started a new strategy to win my daughter back. Firstl he went to Korea to have comestic surgery to make him look nicer, younger and of course stronger. He has come to my daughter many times after the surgery and continued to make even more beautiful promises. I am happy and worried at the same time. Ummnooo may have changed his ugly face through surgery but there is no way he can change his heart overnight. And Ummnooo’s relatives and friends have never failed to cast disparaging remarks on my daughter, one of them is Puki-flee Nodick. Yesterday somebody told me he was going to stand as a candidate in the election, puki puki…pui!!! And I am very afraid that Ummnooo may get influenced by his relatives and friends and start to torture my daughter again.
My daughter is very very confused now. Someone who has called her a whore for 50 years is now treating her like a young pretty princess and since she has slept with Ummnooo on the same bed for more than 50 years, she is going to give Ummnooo a chance.
I respect her decision and at the same time, I think I owe Pi-R a debt of gratitude for without Pi-R Ummnooo will never realise how important my daughter is, Ummnooo will never appreciate her sacrifice and surely he will continue to torture her and let her remain “stateless”.
I just told my daughter this afternoon: “Ummnooo has never loved you, never cherished you … but he merely needs you now to satisfy his urgent “needs” … Indianah, you don’t have to thank Pi-R, but neither do you have to be unkind to him (because Ummnooo asks you to accuse Pi-R of being a seducer).

Oh oh, sorry for the digression and I am getting a bit emotional…sorry sorry…
Last but not least, I sincerely wish all my fellow Indian friends the best!

With Deepest Love & Warmest Regards,
Benjamin Loi
20th April 2013



Sunday, August 29, 2010

PLEASE ARREST MAHATHIR FOR SEDITION, MALAYS ARE NOT STUPID!!!

Mahathir posted his article claiming that "MERITOCRACY IS RACIST", what Mahathir is indirectly trying to say is that Malays are stupid or were born stupid, so any form of fair competition between Malays and other races, they will surely lose out. Though I am a Chinese, Mahathir has insulted the intelligence of many of my Malay relatives and friends. Let's lodge a police report nationwide to bring him to jail...he can call Ibrahim Ali stupid, but not all the Malays!!

His article is reproduced below as well as my reply to him:
---------------------------------------
1. In 1964 Malaysia held its first elections. The Tunku had an understanding with the Chief Minister of Singapore, Mr Lee Kwan Yew that the PAP (People Action Party) would contest only in Singapore and would stay out of the rest of Malaysia. It was really not a smart kind of agreement. It was not put on paper at all. Only an understanding between two leaders.

DEAR MAHATHIR: BECAUSE TUNKU ALSO PROMISED LEE NOT TO CONTEST IN SINGAPORE, BUT HE BROKE THE PROMISE BY CAMPAIGNING FOR UMNO CANDIDATES IN SINGAPORE. ELECTION RESULT: UMNO LOST IN ALL MALAY-MAJORITY CONSTITUENCIES IN SINGAPORE. UMNO WAS ALARMED AT THE PROSPECTS OF THE "SPILLOVER" EFFECTS!!!


2. It was not surprising that the PAP decided to contest in the peninsular. Lee had expected the Malaysian Chinese who had been represented in the Government only by the MCA could be persuaded to support him. If he defeated the MCA then the Tunku would replace the MCA with the PAP in the Alliance.

DEAR MAHATHIR: PAP DID NOT HAVE TO DEFEAT MCA TO REPLACE THEM IN THE ALLIANCE. IN FACT, INVITATION WAS EXTENDED TO PAP TO BE IN THE ALLIANCE.


3. The PAP is a Chinese party largely. But it had always projected itself as non-racial. To win in Malaysia he had to appeal to Chinese chauvinism. However he could not do this openly.

DEAR MAHATHIR: WHAT IS CHINESE CHAUVINISM? ASKING FOR FAIR TREATMENT AND POLICIES ARE CHINESE CHAUVINISM?? YOU THINK MR. LEE KUAN YEW WHO SPEAKS LITTLE CHINESE IS A CHINESE CHAUVINIST?


4. Being the astute politician that he is, Lee came up with a slogan which did not sound chauvinistic but which played up Chinese sentiments to the core. The slogan was "Malaysian Malaysia".

DEAR MAHATHIR: MALAYSIAN MALAYSIA IS ABOUT AN ASPIRATION TO MAKE MALAYSIA A TRULY "INCLUSIVE" COUNTRY. EVERYBODY COUNTS...

5. While appearing to be appealing for all Malaysians the slogan was clearly suggesting that there was no equality between the Chinese and the Malays. He and his party was made out to be fighting for equality between the Chinese and the Malays, whereas the MCA represented only the Chinese towkays.

DEAR MAHATHIR: MR. LEE MENTIONED TIME AND AGAIN ABOUT IMPROVING THE STANDARD OF LIVING OF POOR MALAY FARMERS BY ENABLING THEM TO BE MORE COMPETITIVE. HE WAS ALSO FIGHTING FOR THE INEQUALITY BETWEEEN POOR MALAYS AND RICH MALAYS. MCA REPRESENTED MORE THAN CHINESE TOWKAYS AT THAT TIME. THROUGHOUT YOUR 22 YEARS OF PREMIERSHIP, WHAT HAVE YOU DONE TO SUBSTANTIALLY IMPROVE MALAYS SKILLS AND EMPLOYABILITY?? YOU ONLY FATTENED THE COFFERS OF YOUR CRONIES!!!


6. The Malays were alarmed at the prospect of the Peninsular Chinese combining with Singapore, Sabah and Sarawak Chinese to outnumber them. Split as they were between PAS and UMNO, their chances of continuing to dominate Malaysian politics was at risk.

DEAR MAHATHIR: IF WE PUT MALAYSIA AS OUR PRIORITY, IT DOES NOT MATTER WHO OUTNUMBER WHO...


7. Strangely the PAP bid failed against the MCA. But the Tunku was shocked and decided that Singapore's inclusion in Malaysia posed great danger. One year after the election Singapore was expelled. But the PAP chauvinistic legacy was taken up by the DAP. And the slogan "Malaysian Malaysia" continued to figure in Malaysian politics, evolving into a new catchword, "Meritocracy". If "Malaysian Malaysia" conjures equality between races, "Meritocracy" implies something stronger. It implies dominance by the race with the greatest merit in every field; in education, in business and in all fields of human endeavour.

DEAR MAHATHIR: I SERIOUSLY DON'T THINK MALAY CAN'T BE THE GREATEST IN EVERY FIELD. MALAYS, CHINESE, INDIANS, IBAN, MELANAU, ETC ARE ALL BORN WITH A BRAIN AND IT ALL DEPEND ON HOW WE TRAIN OUR BRAINS AND APPLY OUR BRAINS. SO WHY MALAYS CAN'T BE THE GREATEST? MAYBE I TELL YOU THE REASON WHY:
A). THEY ARE TOLD THEY WERE BORN STUPID AND BEYOND HOPE. (PLEASE READ YOUR BOOK "THE MALAY DILEMMA).

B). THEY ARE TAUGHT BY STUPID TEACHERS, LECTURERS AND UNIVERSITY PROFESSORS WHO ALSO THINK "WE WERE BORN STUPID". THOSE TEACHERS, LECTURERS AND UNIVERSITY PROFESSORS ARE SO AFRAID OF "MERITOCRACY" BECAUSE THEY KNOW THEY ARE "SECOND-CLASS", HOW CAN YOU EXPECT "SECOND-CLASS" PROFESSORS TO CHURN OUT "FIRST-CLASS" STUDENTS??? THEY MUST BE ALL REPLACED WITH FIRST-CLASS PROFESSORS FOR THE BENEFITS OF MALAY STUDENTS. THEREFORE, YOU SEE MANY "UNQUALIFIED" PROFESSORS" IN OUR "NATIONAL" UNIVERSITIES, THEY CONTINUE TO PREACH THE MESSAGE OF "THOU ART STUPID" TO MALAY STUDENTS.

C). IT IS PROVEN THAT MALAYS ARE NOT STUPID. LOOK AT MALAY ARTISTS, DANCERS, SPORTMEN, SINGERS, ETC...EVEN BEING MAT REMPIT REQUIRES BRAINS+PHYSICAL STRENGTH+ COURAGE!!! LOOK AT PROFESSORS LIKE BAKRI MUSA, AZLY RAHMAN, ETC...HOW CAN U SAY MALAY ARE STUPID??? ENGKAU ORANG INDIA, TAPI PUN TAK BOLEH HINA KAWAN MELAYU KU!!!

D). MALAY BUSINESSMEN ARE SPOILT BY YOU TO BELIEVE THAT "WE ARE WEAK"!!


8. When the Malays, understanding the implications, protest against meritocracy, they were condemned as racists. Faced with being labelled as such, most Malays dared not support even the NEP. Some, perhaps due to mistaken pride have begun to support meritocracy, undermining the Malay position further.

DEAR MAHATHIR: THOSE MALAYS WHO OPPOSE MERITOCRACY ARE LIKE YOU WHO BELIEVE MALAYS ARE STUPID AND BEYOND ANY HOPE AND REDEMPTION. AGAIN, LET ME REPEAT MYSELF, MALAYS CAN BE THE GREATEST IN ALL FIELDS. THEY NEED CONFIDENCE, THEY NEED THE BEST TEACHERS, LECTURERS AND PROFESSORS (UNFORTUNATELY OUR MINISTRY OF EDUCATION IS THE DUMPING GROUND FOR THE UNEMPLOYED AND "UNABLE"). THEY NEED A STRONG FAMILY TO TAKE CARE OF THEM DURING THEIR FORMATIVE YEARS (ASK HOW MANY MALAY FATHERS REALLY CARE FOR THEIR CHILDREN EDUCATION???), SOME OF THEM ARE BUSY WITH THEIR SECOND, THIRD, FORTH WIVES...


9. Today we see a lot of Malay NGOs trying to defend the Malay position. Invariably they have been labelled racists. The unfortunate truth is that those who labelled them are equally racists because of their advocacy of meritocracy.

DEAR MAHATHIR: THESE NGO MEMBERS ARE BELIEVERS OF "MALAYS ARE STUPID", SO THEY THINK MERITOCRACY WILL FINISH THEM OFF. THESE NGO MEMBERS THENSELVES MAY BE STUPID, BUT NOT MALAY PEOPLE!!!

10. It is the same with political party which appeal on the basis of the religion of Islam. In Malaysia the Malays are all Muslims. There are quite a large number of Indian Muslims in Malaysia but they do not figure in the political party said to be Islamic. The party, by using Islam, knows full well they are appealing to Malays almost exclusively. But the intention is not to defend the Malays but merely to gain their support. One can say they are not Malay racists. Rather they are Malay political opportunists.

DEAR MAHATHIR: PAS IS BETTER BECAUSE PAS WILL TELL MALAYS THAT "THOSE WHO BELIEVE IN ALLAH SHALL GAIN WISDOM BECAUSE ALLAH IS ALMIGHTY"--THIS IS TRUE ISLAM. HOW CAN SOMEONE WHO BELIEVES IN ALLAH ALMIGHTY BE STUPID?? INSTEAD THEY SHALL PROSPER IN ALL THINGS. (I READ THE QURAN-ENGLISH VERSION). THOSE WHO REFUSE TO LET MUSLIMS DEVELOP THEIR SKILLS, KNOWLEDGE AND WISDOM ARE ANTI-ISLAM. HOW CAN "UMNO-MUSLIMS" LIVE IN A PARADOX THAT THEY BELIEVE IN THE ALL-MIGHTY ALLAH, AND YET THEY ARE STUPID? LOOK AT PAS, THEY ARE THE TRUE BELIEVERS OF ISLAMIC FAITH!


11. That is why they find no difficulty in switching tactics in order to win the support of the non-Malays. Where before they condemn UMNO for working with non-Muslims, today their co-operation with non-Muslims knows no bounds.

DEAR MAHATHIR: ALLAH CREATED MANKIND, SO YOU AND I WERE CREATED BY ALLAH, AGREE? PAS WORKS WITH NON-MUSLIMS TO WIN THEM OVER FOR ALLAH. WHY? BECOZ NON-MUSLIMS SEE U AND OTHER UMNOPUTRAS, THEY WILL NEVER WANT TO BE MUSLIMS FOR THE REST OF THEIR LIFE. BUT WHEN THEY SEE RAJA PETRA KAMARUDIN, NIZAR, KHALID SAMAD, DR. ZUKEFLY, TOK GURU NIK AZIZ, EVEN ANWAR IBRAHIM, THEY ARE ATTRACTED TO THEM. SO PAS IS DOING A GOOD JOB FOR THE KINGDOM OF ALLAH TO EXTEND THE MERCY OF ALLAH TO NON-BELIEVERS....BUT LOOKING AT THE WAY YOU TREATED ANWAR, I PUI PUI PUI, MUNTAH DARAH!...

12. The difference between UMNO and the other parties is that UMNO is openly partisan, not hiding its concern for the well-being of the Malays. Unfortunately because of mismanagement it has become weak. That is why today we have Perkasa and other Malay NGOs who are as openly concerned about the Malays as the UMNO once was. The condemnation by those said to be advocating meritocracy is because they see the racism of the meritocrats, just as the Malays of 1964 saw the racism of "Malaysian Malaysia".

DEAR MAHATHIR: PERKASA IS LED BY A STUPID WHO WANTS PEOPLE TO BE STUPUD AS HE IS...


13. What we are seeing today is not a campaign against racism but a campaign by racists against racists. The meritocrats are as much racists as the Malay NGOs, and Perkasa.

DEAR MAHATHIR: THEY ARE MANY MALAY MERITOCRATS...LET'S HAVE A FULL MALAY GOVERNMENT CABINETS, FULL OF ABLE, HONEST, RIGHTEOUS AND GOD-FEARING MALAYS WHO HAVE SHOWN THE QUALITIES TO LEAD OUR COUNTRY IN THEIR RESPECTIVE FIELDS OF EXPERTISE. BUT YOUR UMNO IS WILLING TO MAKE WAY TO THEM? MY DREAM TEAM (100% MALAY CABINET)
1. ANWAR IBRAHIM (PRIME MINISTER)
2. TOK GURU NIK AZIZ
3. ZAID IBRAHIM
4. NAZIR NAJIB
5. KHALID SAMED
6. DR ZULKIFLY
7. DR. BAKRI MUSA (PLS MAKE HIM MANPOWER/HUMAN RESOURCE MINISTER)
8. DR. AZLY RAHMAN (EDUCATION MINISTER)
9. TUNKU ABDUL AZIZ
10. RAJA PETRA KAMARUDIN (MAKE HIM MINISTER WITHOUT PORTFOLIO)
11. DR SYED HUSSIN ALI
I CAN PROVIDE A LIST OF MORE THAN 120 MALAYS WHO WILL FOR SURE MAKE MALAYSIA "A FIRST WORLD COUNTRY"!!! BUT YOU AND YOUR UMNO WILL NEVER ALLOW THEM TO COME TO POWER.

14. Incidentally by writing this I know the meritocrat racists will condemn me as racist. So be it.

DEAR MAHATHIR: YES, YOU ARE!!