Wednesday, September 24, 2008

Kuching Election Petition - Chong Chieng Jen Won

This morning, the Election Judge Datuk Clement Skinner had dismissed the Petitioner's case with costs to the Respondent. All the five charges in the Petition were not proven beyond reasonable doubt.

We all felt happy and rejoice over the decision declared.

Chong Chieng Jen maintains both Bandar Kuching P.195 and Kota Sentosa N.12 seats. He is still the "YB2 "!!

I believe, this may not be a "Good News" to our CM, UMNO and SUPP in particular as Chong Chieng Jen is a thorn in their flesh. They had tried all means to throw Chong's out including this Election Petition case!! But fail!

Justice has indeed prevailed!

Wednesday, September 17, 2008

Paklah, Najib swap cabinet posts

Today, Pak Lah and Najib swap their cabinet posts. Najib takes over the Finance Minister from Pak Lah whereas Najib's defence minister's post is handed over to Pak Lah with immediate effect.

Pak Lah is using the "money" factor to tame Najib hoping that Najib will not demand him to quit earlier.

Pak Lah knows that he has to defend real hard for his survival, so he makes himself a defence minister. He is forced to take the defensive mode to defend himself from topple, both within and outside UMNO.

We can see Pak Lah is hungry for double P "POWER"!! First "P" is President of UMNO. Second "P" is Prime minister. He has to maximise his art of defence, if not he may not succeed for double P!

The game starts now! Can the Minister of Defence succeed? Let us see.

Monday, September 15, 2008

Free Teresa, Abolish I.S.A Peaceful Candlelight Vigil

DAP Kuching Free Teresa, Abolish I.S.A
Peaceful Candlelight Vigil


地点/Venue:古晋宗林园/Chonglin Park Kuching

请踊跃出席响应 Please be there to Support

Friday, September 12, 2008

Take appropriate action against developer: Buyers

Source: The Borneo Post (
By Lim How Pim

KUCHING: Eleven buyers of houses at a residential estate in Stampark here are appealing to the Housing Ministry to take appropriate action against the developer for alleged shoddy workmanship.
YONG: It is the people’s hard-earned money.

The buyers, through Pending assemblywoman Violet Yong, had written a letter to the ministry dated July 9, to report defects on their properties.

Speaking at a news conference here yesterday, Yong said she, together with the 11 house owners, had met two ministry officials last month but so far no proper actions had been taken to resolve the matter.

Nothing had been done despite a promise of a meeting to involve the developer, architects, Kuching City South Council, and the affected residents, she pointed out.

“It is also very unreasonable for the ministry to request the 11 house buyers to resolve the matter on their own through the legal process.”

Yong asserted that the ministry had the authority to issue a warning letter or notice to the developer concerned so that something could be done to compensate the house owners for their losses.

Under the Housing Developers (Control and Licensing) Ordinance 1993, and Housing Developers (Control and Licensing) Regulation 1998, the housing ministry had the absolute right to blacklist any irresponsible developers in the state, she said.

As these housing units were handed over to buyers last year, she said the defects liability period had yet to lapse.

“The Housing Ministry should at least issue a warning to the developer, or better still, blacklist the developer to further protect house buyers,” she said, adding that the 11 double-storeyed terraced houses cost more than RM300,000 each.

She said that she might have to bring the matter to the State Legislative Assembly (DUN) during the next sitting if the ministry still remained silent on it.

“I will continue to pressure the Housing Ministry for solution because these house buyers have spent RM348,000 per unit as stated in their sale and purchase agreement.

“It is the hard-earned money of the people and RM348,000 is not a small amount. The ministry should do something rather than ask the house buyers to look for personal lawyers to fight the case in court,” she said.

Yong said the 11 house buyers approached her as early as last May. While a written reply from the Housing Ministry was received early this month, she said she could not contact the developer for talks. She thus hoped that the authorities concerned and the developer would look into the matter and come up with a win-win solution as soon as possible.

Monday, September 1, 2008

Malaysia's Budget May Put Ringgit, Ratings at Risk, RBS Says

By David Yong

Sept. 1 (Bloomberg) -- Malaysia may miss its budget-deficit target because lower oil prices may hurt revenue, putting the nation's currency and credit rating at risk, according to the Royal Bank of Scotland Group Plc.

The government's projections for a narrower shortfall may unravel, RBS's Singapore-based analysts Sanjay Mathur and Scott Wilson said in a research note today. Prime Minister Abdullah Ahmad Badawi is counting on oil prices to average $125 a barrel in 2009, unchanged from 2008. Malaysia depends on oil exports to make up for losses from a slew of handouts including lower personal income tax and import duties on consumer goods.

``Softer oil prices could derail the fiscal arithmetic,'' Mathur and Wilson wrote. ``Should the current softening of oil prices continue, attaining the revenue target will be difficult. We are skeptical that the 2009 deficit target will be met.''

RBS, the U.K.'s second-biggest banking group, said the ringgit, ``with risks skewed to the upside,'' may drop to 3.5 per dollar by the end of the year, maintaining its earlier forecast. That would be the weakest level since Sept. 12, 2007.

Fiscal measures to boost the purchasing power of consumers as well as Bank Negara Malaysia's accommodating monetary policy can only add to the pressure on the ringgit, according to RBS.

The finance ministry said Aug. 29 that the budget deficit will narrow to 3.6 percent of gross domestic product in 2009, from a five-year high of 4.8 percent this year. The government projected its revenue will rise 9.1 percent to 176.2 billion ringgit ($51.8 billion) and total spending to rise 3.8 percent to 204.7 billion ringgit.

Oil Exporter

Malaysia is the second-largest oil producer in Southeast Asia. Oil sales will account for 6.7 percent of all exports in 2009, versus 7 percent in 2008, according to the finance ministry's forecasts.

Crude oil prices in New York have dropped 21 percent from their all-time high of $147.27 a barrel reached on July 11.

The ringgit slumped 4.2 percent in August, its worst month since Bank Negara Malaysia scrapped a fixed peg to the dollar in July 2005. The currency traded at 3.394 on Aug. 29. Local financial markets are closed today for a public holiday.

The central bank has kept its overnight policy rate at 3.5 percent in 19 straight meeting since April 2006, even as inflation in Southeast Asia's third-largest economy accelerated to a 27-year high of 8.5 percent in July.

Fitch Ratings may cut the sovereign outlook on Malaysia to `stable' from `positive' in the near term, RBS's analysts said. Failure to reverse the fiscal trend could put its rating at risk of a downgrade in the medium term, they said.

Cutting Outlook

Fitch last raised Malaysia's credit rating by one level to A-, the fourth-lowest investment grade, with a positive outlook in November 2004, according to data compiled by Bloomberg. Standard & Poor's on May 15 cut its outlook to `stable' from `positive.'

James McCormack, head of Fitch's Asian sovereign ratings based in Hong Kong, couldn't be reached for comments.

Malaysia's economy grew 6.3 percent in the second quarter, the slowest in a year, the finance ministry forecast. It expanded 7.1 percent in the first quarter. Annual growth will ease to 5.7 percent in 2008 and to 5.4 percent in 2009, versus 6.3 percent in 2007, it said.

To contact the reporter on this story: David Yong in Singapore at

Last Updated: September 1, 2008 01:03 EDT