The LCS scandal: Rafizi Ramli names Special Functions Minister Abdul Latif and his 2nd wife Zainab Salleh but he says she isn’t his wife 🤔

Posted on August 22, 2022 by weehingthong

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https://twitter.com/esshimself/status/1561720163187441664?t=fw7aecwKCqCS3DVnu4XKCQ&s=19

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https://twitter.com/esshimself/status/1561597390901035008?t=EzesCiyteDKKSgu9LHAu2Q&s=19

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https://twitter.com/NewsBFM/status/1561580409216897024?t=FC5dc6pITgSPCqsYlo41Ig&s=19
https://twitter.com/NewsBFM/status/1561580412735856640?t=cvbt-tJo3ZwWfFkh7jSDJg&s=19
https://twitter.com/NewsBFM/status/1561580416275886080?t=INzJG5LQ94p1dBGEjGfezQ&s=19

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Glimpses of Life in Malaysia

Posted on August 22, 2022 by weehingthong

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There is always something new under the Malaysian sky…

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An ex PM might have been convicted but can still swear his innocence.

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Labour crisis pushes Malaysia’s billion ringgit E&E sector to breaking point

Posted on August 22, 2022 by weehingthong

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Reposting a thread by Market Sentiment on China’s Real Estate Market

Posted on August 22, 2022 by weehingthong

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https://twitter.com/mkt_sentiment/status/1561340858921877504?t=bQfj2-5PqZG_njG1jCEVkg&s=19

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China’s Real Estate Market is considered the ‘most important sector’ in the world. The total value stands at $60 Trillion – More than the entire US Equity market and 2x our housing market. It’s unraveling now with S&P predicting 30% drop -> 1.5x worse than 2008 crash

Chinese Citizens are obsessed with real estate as their Stock market is completely opaque and still hasn’t recovered from the 2008 crash. It was the real estate market that propelled China’s rapid growth ever since the 2008 crisis.

As investors piled on to the real estate, 70% of China’s household wealth is now tied to properties. The real estate craze was so high that buyers had to pay up to 30% of home value and start paying their mortgage even before the construction started

As with all types of hype bubbles, people thought that the value of real estate would never decrease. Home buyers would spend as much as a 23X their annual income to buy a home, with the mortgage sometimes taking up more than half of their gross take-home pay.

This led to property developers creating a Ponzi scheme where they sell projects that haven’t yet started and use that money to start other projects and the cycle continued. The problem became public when the pre-sale properties were not being completed.

https://twitter.com/mkt_sentiment/status/1561340916283150336?s=20&t=JYcLPMHf2j22sWlcs11fnw

As more and more properties fell behind on construction, buyers have staged a mortgage boycott where “All homebuyers with outstanding mortgage loans will stop paying, unless construction resumes”

This is a vicious cycle where homebuyers are halting mortgage payments which then would strain the property developers causing further construction delays. Sales of apartments nationwide have slumped annually for 13 consecutive months forcing the Govt to step in.

The United States Federal Reserve even came on record to say that: “the fragility in China’s real estate sector could spread to the U.S. if it deteriorated dramatically”

China, instead of playing it safe, has done the unthinkable by lowering interest rates and injecting more money into the economy as a last-ditch effort to stay afloat a little bit longer. But Economists think that this could be too little, too late, and too inefficient.


As Goldman Sachs pointed out, mortgage boycotts have made people reluctant to buy a home, which resulted in 30% lower sales. This in turn reflects a loss of confidence in the housing market and throughout the entire economy.

Since China publishes its own numbers and maintains an extremely tight grip on the economy – They can keep kicking the can further and further into the future. But, eventually, data will come out and it’s going to have serious consequences in the U.S as well.

The U.S has substantially increased investment in China over the past decade. Adding to this, the U.S equity market also has exposure to Chinese companies. The direct impact might be low but the perception of things getting worse could have ripple effects on our markets.

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Mariam Mokhar: Spotlight pada Hishammuddin. Duit Lesap. Kapal Ghaib (Spotlight on Hishammuddin. Money & ship are gone)

Posted on August 22, 2022 by weehingthong

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“Mentally ill” man at Chinese temple, Balik Pulau, Penang

Posted on August 21, 2022 by weehingthong

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https://twitter.com/nanmanjoi8715/status/1561343834642333698?t=uzDAuJV3D_1Qk1kQJ8fNTw&s=19

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Vigneswaran and the MIC: No longer a political beggar but a political prostitute?

Posted on August 21, 2022 by weehingthong

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https://twitter.com/Beritext/status/1561288631527976960?t=px_ngDoKytiBBYrT23sINw&s=19

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Glimpses of life in China, the Land of My Ancestors 1

Posted on August 21, 2022 by weehingthong

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Lost your dog? Stop looking for it in the neighbourhood and start looking here 😱

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You can’t leave till you pay up, so you stay on, and the bill gets larger and larger.

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Sheep in Xinjiang must wear masks and stay 5 meters apart from each other. It is estimated that the leader discovered that it will be passed down from sheep to people. It is easy for sheep to wear masks, but it is too difficult to keep a distance of 5 meters.

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https://twitter.com/qishufener/status/1570251773734187008?t=OVBieKIOemfKqVodFIQJRA&s=19

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https://twitter.com/SPO_CN/status/1576211809497120770?t=D1sbdMoAXyvrRbho11_dEw&s=19

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https://twitter.com/ZGIXqsvwJCWP30r/status/1567322620873547779?t=6VqMHoHKyX3r5zRHCZXkyw&s=19

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https://twitter.com/Byron_Wan/status/1561542178429489152?t=tV8igCEMMKSx_ROVuGtsew&s=19

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https://twitter.com/WallStreetSilv/status/1561012114965557249?t=AvFVX3LiGSvmVNaMvlEf5w&s=19

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The Mystery of the leaked MACC Investigation Paper on Judge Nazlan: Does such a Paper exist?

Posted on August 21, 2022 by weehingthong

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By Yiswaree Palansamy

Sunday, 21 Aug 2022 3:11 PM MYT

PUTRAJAYA, Aug 21 — The investigation paper on the trial judge who heard Datuk Seri Najib Razak’s case over the misappropriation of RM42 million of government-owned firm SRC International Sdn Bhd is not with the Attorney General’s Chambers (AGC), Tan Sri Idrus Harun said.

“It is not with us.

“What do you mean by not authentic?” he replied when asked if the leaked investigation papers are real.

I don’t know. It is not with us,” he said when met on the sidelines of the Keluarga Malaysia Symposium here, at the Putrajaya International Convention Centre (PICC).

Last week, in a statement posted on Twitter, Umno secretary-general Datuk Seri Ahmad Maslan claimed that a document alleged to be the Malaysian Anti-Corruption Commission’s (MACC) investigation papers on judge Datuk Mohd Nazlan Mohd Ghazali had been leaked.

He said the purported investigation papers had referred to Section 220 of the Penal Code, which covers the offence of committing persons for trial or confinement while knowing such action is contrary to law.

Ahmad Maslan noted the Federal Court’s unanimous decision to reject Najib’s bid to admit new evidence on Mohd Nazlan’s purported conflict of interest as part of his final appeal over his conviction in the SRC International case, and that the MACC investigation paper on the judge was sent to the Attorney General’s Chambers (AGC) on May 18.

He then said Umno is of the view that “MACC has to confirm or deny the validity of the investigation papers that have gone viral”, and that the “Attorney General’s Chambers has to announce if there will be further action for those investigation papers”.

On May 21, the MACC announced that it had completed investigations — which it said had started in March — for a case involving Nazlan and said the investigation papers had been presented to the AGC on May 18 for further study and direction.
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On May 23, news portal Malaysiakini reported Idrus as saying that the AGC is still examining the investigation papers by the MACC on Mohd Nazlan.

Idrus had, at the time, reportedly said that a decision on the matter will only be made after the AGC has completed “perusing” the investigation findings.

“We are perusing the investigation paper before we make our decision,” he was quoted as saying via a text message.

https://www.malaymail.com/news/malaysia/2022/08/21/macc-investigation-paper-on-judge-nazlan-that-allegedly-leaked-not-with-us-says-ag/23905

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Silence on leaked Nazlan ‘probe paper’ is deafening, says Puad

FMT Reporters

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August 21, 2022 11:57 AM

PETALING JAYA: Umno Supreme Council member Puad Zarkashi has questioned the silence over a leaked document purportedly of the Malaysian Anti-Corruption Commission’s (MACC) investigation papers into Court of Appeal judge Nazlan Ghazali.

He claimed the people have demanded the MACC confirm the authenticity of the document since it was leaked last week.

Puad said many quarters had also questioned if Attorney-General (AG) Idris Harun had finished reading the investigation papers submitted by the MACC on May 21.

The Attorney-General’s Chambers (AGC) was reported to have said on May 23 that it was still examining the investigation papers submitted by the MACC on its probe into the appellate court judge.
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Turning to Chief Justice Tengku Maimun Tuan Mat, Puad asked if the Federal Court should also have taken into consideration MACC’s investigation papers when deciding on former prime minister Najib Razak’s application to adduce fresh evidence.

“The chief justice must be aware that ‘justice must not only be done but must also be seen to be done,” he said. “Unfortunately, everyone is silent.”

Puad’s comments come days after similar remarks by Umno secretary-general Ahmad Maslan, who called for the MACC to confirm the authenticity of the leaked document and urged the AGC to state if it intended to take further action.

https://www.freemalaysiatoday.com/category/nation/2022/08/21/silence-is-deafening-on-leaked-nazlan-probe-paper-says-puad/

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Car bomb kills daughter of ‘Putin’s brain’ Alexander Dugin | DW News

Posted on August 21, 2022 by weehingthong

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