Furious that his love proposal was rejected, a man allegedly set a mobile phone shop on fire in an incident in Langkap near Teluk Intan yesterday evening. https://t.co/HjCL4LCdTo
Laporan Polis telah dibuat ke atas samseng jalan raya berkenaan.
Gara-Gara Tegur Tak Bagi Signal, Lelaki Ditumbuk Hingga Cedera Oleh Pemandu Saga Di Labuan. Seorang lelaki telah berkongsi pengalaman ngerinya ditumbuk oleh seorang pemandu kenderaan Saga di Labuan baru-baru ini.
Lelaki berkenaan telah berkongsi video dimana pemandu Saga tersebut keluar dari keretanya dan bertindak menumbuk mangsa. .
Mangsa juga ada berkongsi gambar di mana mangsa tercedera serta hidung berlumuran darah gara-gara tumbukan berkenaan.
Laporan polis telah dibuat oleh mangsa dan dikatakan bahawa mangsa telah ditumbuk beberapa kali kerana dia telah menegur pemandu kereta Saga itu yang tidak memberi signal ketika masuk ke simpang sebelah kanan.
Mangsa telah mengalami pendarahan teruk di bahagian hidung dan mulut, mengalami kecederaan pada bahagian dahi dan merasa sakit di bahagian mata sebelah kiri.
Man Beaten to Injury by Saga Driver in Labuan for Reprimanding for Not Signaling.
A man has shared his horrific experience of being punched by a Saga driver in Labuan recently. The man shared a video where the Saga driver got out of his car and punched the victim.
The victim also shared a photo where the victim was injured and had a bloody nose due to the punch.
A police report was made by the victim and it is said that the victim was punched several times because he reprimanded the driver of the Saga car who did not signal when entering the intersection on the right.
The victim suffered severe bleeding from the nose and mouth, suffered injuries to the forehead and felt pain in the left eye.
Will ex-Malaysian PM Najib receive a royal pardon? Consider several points:
(1).the Legal principles involved in granting a pardon;
(2).the legal effect of a pardon; and (3).the factors for and against the grant of a pardon.
What is a ‘free pardon’? To escape the clutches of his conviction, and to stand for elections, Najib must obtain an unconditional pardon. A ‘free’ pardon is one without conditions.
What is the legal effect of a pardon? A pardon is not an acquittal.
If Najib receives an ‘unconditional’ pardon, his entire punishment is wiped out. But the conviction stays. The Pardons Board Najib’s petition for a ‘free pardon’ will be addressed to the King. But the decision will be made by the Pardons Board, whose advice the King must accept.
Who controls the Pardons Board? The Pardons Board comprises the Attorney General, the Federal Territories Minister, and three members ‘appointed’ by the King. In the end, the King will accept the advice of the Cabinet, which has control over the minister, the AG, and these members.
Therefore this is an exercise of Government power. How would the Pardon’s Board exercise its discretion? The grant of a pardon is discretionary.
The decision to grant – or refuse – a pardon must be made on rational grounds. What legal rules apply in granting or withholding of a pardon? Malaysia has no such laws on when a pardon should be granted. So we have to fall back on common law.
The Pardons Board considers each case by looking at all the facts of the case; even non-legal points.
[a].To obtain a pardon, the crime must be admitted. The essence of pardon is the forgiveness of a crime. Any protestation of innocence militates against a pardon.
[b].A ‘free’ or ‘unconditional’ pardon will only be granted if there is a ‘moral’ or ‘technical innocence’ of the convict.
Factors that might support Najib’s application for pardon
[1] Najib’s father has been a popular Prime Minister. The Razak pedigree, it will be argued, might be of some assistance.
[2] Because Najib was PM before his conviction, he had rendered ‘national service’.
[3] Because, he is an Orang Besar (an aristocrat?) of the Pahang State, a pardon is, strangely, said to be ‘more likely’.
[4] Because he is a member of UMNO, he was a defender of the Malay race and therefore can be let off the hook.
Points which weigh against Najib
1]. Several other cases are still pending against Najib.
[2].The nature of the offences: corruption of state monies.
[3].The sums involved ran into the billions of US dollars.
[4].There has been a complete denial of any knowledge of the fate of the monies over which he was charged.
[5]. Najib has shown no remorse
[6].His behaviour, before his arrest. Najib used his powers to block investigations into his crimes.
[7].During the prosecution, Najib’s defence strategy was to attack all the judges.
[8].His open defiance of the judiciary. He allowed his party members to maul the judiciary. Not once did Najib publicly denounce these tactics.
[9].After his final appeal failed, he was, and continues to be, given ‘special’ treatment.
[10].Najib is a source of grave national embarrassment.
Conclusion If the Pardons Board advises the King to grant even a conditional pardon to Najib, the Board will set a precedent for crooks and thieves. It will create extreme public discontent and dismay
Non-convertible currencies, as the name implies, are currencies that cannot be readily exchanged for another currency, generally as a result of government restrictions. The Chinese yuan (CNY) is a well known non-convertible currency. The Chinese authorities do not allow convertibility, in part, as a means to facilitate the managed exchange rate of the yuan (the currency peg).
The Renminbi is not fully convertible. How does this affect business Foreign Investment in China?
Because the Renminbi is not yet fully convertible, restrictions apply to the exchange for so-called capital account items, such as loans and contributions to share capital in an enterprise. Foreign Exchange for Current Account items and profits to be distributed to foreign investors are both fully convertible. No approval by the State Administration of Foreign Exchange (SAFE) is required for the acquisition and transfer of foreign exchange to settle debts based on legal transactions that are classified as Current Account Items. However, the banks authorized to handle such matters are charged with reviewing the documents to be submitted.
Capital Accounts, in contrast, are still subject to SAFE approval. Items include, for example, contributions to the share capital of Foreign Funded Enterprises and also foreign exchange loans. The procedures on foreign exchange, especially that related to current account items, have been relaxed in the last several years. Still, foreign businesses must take care that they obtain and keep relevant documentation on business transactions.
— simonthong aka kitty poo (@KittyPo80176717) April 16, 2023
China’s renminbi needs convertibility to internationalize
Chinese currency as a full reserve currency will only happen when confidence in its convertibility is sufficient to convince unofficial (private) investors to hold much more reserves denominated in it
Last week, the Official Monetary and Financial Institutions Forum (OMFIF) released its eighth annual report on Global Public Investors (GPI). It included a survey on asset allocation plans by reserve managers of central banks, sovereign wealth funds, and public pension funds. Together, the 102 investors responding the survey manage US$42.7 trillion in assets (Figure 1).
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The survey revealed important changes in the composition of portfolios planned by global public investors. About 18% of respondents said they intended to reduce their holdings in euros over the next 12 to 24 months, while 20% said this with respect to the dollar.
Twenty years ago, the dollar represented 71% of reserve assets, whereas today it corresponds to 59%. The presence of the euro increased from 18% to 21% in the same period. Such changes have come smoothly, progressively, and orderly over the past 20 years, noted Jean-Claude Trichet, former president of the European Central Bank, during the report’s launch.
One notable shift shown by the survey appears in the Chinese Renminbi set to become a more significant part of the global financial system as central banks add the Chinese currency to their reserve assets. About 30% of central banks plan to increase their allocations to Renminbi in the next 12-24 months, compared with just 10% in last year’s report, while 70% said they intended to do it in the long term.
Central banks in all regions will be net buyers of Chinese bonds over the medium term, especially in Africa, where nearly half plan to increase their reserves in Renminbi. Asian assets in general are in high demand, with 40% of global public investors hoping to increase their exposure to the region (Figure 2). .
However, the starting point for the participation of the Renminbi in the composition of reserve assets is still low, at only 2.5%, showing how its inflection point as an international reserve currency remains somewhat distant. .
“The problem remains that the renminbi is not yet fully convertible. When the renminbi becomes fully convertible, I expect a big jump ahead. This is the view of Chinese friends, including the former governor of the central bank, Zhou Xiaochuan, who called for complete liberalization of the renminbi. That time will come. And when it comes, you will see the full realization [of what the OMFIF survey suggests].” .
The point is that, while commercial transactions and reserves of central banks and other global public investors could strengthen the position of the Renminbi as an alternative currency to the dollar, euro, yen and pound sterling, the qualitative leap towards the internationalization of the Chinese currency as a full reserve currency will only happen when confidence in its convertibility is sufficient to convince unofficial (private) investors to hold much more reserves denominated in it.
A cornerstone of China’s economic policy is managing the yuan exchange rate to benefit its exports. China does not have a floating exchange rate that is determined by market forces, as is the case with most advanced economies. Instead it pegs its currency, the yuan (or renminbi), to the U.S. dollar. The yuan was pegged to the greenback at 8.28 to the dollar for more than a decade starting in 1994. It was only in July 2005, because of pressure from China’s major trading partners, that the yuan was permitted to appreciate by 2.1% against the dollar, and was also moved to a “managed float” system against a basket of major currencies that included the U.S. dollar. Over the next three years, the yuan was allowed to appreciate by about 21% to a level of 6.83 to the dollar. In July 2008, China halted the yuan’s appreciation as worldwide demand for Chinese products slumped due to the global financial crisis . In June 2010, China resumed its policy of gradually moving the yuan up, and by December 2013, the currency had cumulatively appreciated by about 12% to 6.11.
The true value of the yuan is difficult to ascertain, and although various studies over the years suggest a wide range of undervaluation – from as low as 3% to as high as 50% – the general agreement is that the currency is substantially undervalued. By keeping the yuan at artificially low levels, China makes its exports more competitive in the global marketplace. China achieves this by pegging the yuan to the U.S. dollar at a daily reference rate set by the People’s Bank of China (PBOC) and allowing the currency to fluctuate within a fixed band (set at 1% as of January 2014) on either side of the reference rate. Because the yuan would appreciate significantly against the greenback if it were allowed to float freely, China caps its rise by buying dollars and selling yuan. This relentless dollar accumulation led to China’s foreign exchange reserves growing to a record $3.82 trillion by the fourth quarter of 2013.
Learnt something new, Wee Ka Siong, or so proud that you will argue over even this? https://t.co/s7qncbBHZh
— simonthong aka kitty poo (@KittyPo80176717) April 17, 2023
PUTRAJAYA: Consumers need to check prices and purchase tickets through official apps provided by airlines to avoid buying tickets at high prices, especially during festive periods, Transport Minister Anthony Loke said.
Loke said that ticket prices would be different if they purchased using other apps.
“If you want to buy Malaysian Airlines Berhad (MAS) tickets, refer to prices on their app, not other apps. If you buy MAS tickets on AirAsia SuperApp, the prices are different (higher),” he said, adding that users should avoid buying last minute if they wanted better prices.
He added that former Transport Minister Datuk Seri Dr Wee Ka Siong should be knowledgeable about tickey purchasing methods to obtain tickets at special prices during festive periods.
“He (Wee) only checked prices on the AirAsia SuperApp, the former minister isn’t someone who doesn’t know that MAS has their own app. If you want to check on MAS tickets, why use AirAsia SuperApp, it’s like wanting to buy KFC but going to McDonald’s, it doesn’t make sense,” he said at a media conference about Aidilfitri airfare prices here today.
Media ‘lapor’ apa yang bekas Menteri @weekasiongmp ciap. Dilaporkan harga tiket ‘MENJANGKAU’…Netizen masuk dan semak, puratanya lebih rendah dari yang dikatakan – untuk penerbangan SEHALA. Semua maklumat ‘online’ dan ‘real time’. Jangan sibuk jual ‘click’ @501Awanipic.twitter.com/HNDDwUqKwf
.@anthonyloke said he was informed by Malaysia Airlines Bhd (MAB) group CEO Izham Ismail Izham that the price @weekasiongmp was referring to was for a business class ticket. https://t.co/OBgKmB4B0f
RM3,000 for economy class ticket? Check your facts, Loke tells Wee
Transport minister says predecessor should know about different flight travel classes
Updated 2 hours ago · Published on 16 Apr 2023 3:57PM
KUALA LUMPUR – Transport Minister Anthony Loke Siew Fook today called out his predecessor Datuk Seri Wee Ka Siong after the latter claimed a return economy class ticket from Kuala Lumpur to Tawau during the Hari Raya period would cost upwards of RM3,000.
In a Facebook post, Loke said a check with Malaysia Airlines Bhd (MAB) group chief executive officer Izham Ismail found that there are in fact no available economy class tickets on sale during that period, as they had all been sold out.
Loke said Izham had also confirmed that the price Wee was referring to was for a business class ticket.
Even then, Loke noted the price offered by MAB for business class travel is only RM2,863.40, less than the figure quoted by Wee in an earlier Facebook post this morning.
“This fact must be corrected. As a former transport minister himself, I am confident Wee understands the difference between an economy and business class ticket,” he said today.
“Regardless, I would like to thank him for the concern he has shown on the issue of expensive airfares and his view on additional flight capacities.”
Loke said he would hold a special press conference at noon tomorrow at the Transport Ministry to provide further information pertaining to flight capacities during Aidilfitri festive period.
Earlier, Wee had expressed his shock and disappointment that a return economy ticket between Kuala Lumpur and Tawau during the festive period would cost RM3,138.
— simonthong aka kitty poo (@KittyPo80176717) April 16, 2023
Of course, Peter McCullough would be highly critical of Bill Gates. And envious that he doesn't carry the political clout that Bill Gates does. pic.twitter.com/gYyZP0e8Bb
— simonthong aka kitty poo (@KittyPo80176717) April 16, 2023
— simonthong aka kitty poo (@KittyPo80176717) April 16, 2023
“The result here must leave no one with any doubt about our tolerance for such brazen fraud in the face of the court, and upon the court. In my judgment, nothing less than an imprisonment sentence is due for such cases.” https://t.co/4AuGvPy75R
