Pictorial review of Taek Jho Low lavish spending

Here are some more pictures of Paris Hilton topless on a yacht off St. Tropez and partying at La Voile Rouge on Pampelonne beach in St. Tropez on her never ending France vacation financed by her new Malaysian tycoon boyfriend Taek Jho Low. Note the liberal use of bottles of champagne as super soaker. Because it is just what spoiled little rich bitches born into money do, Paris Hilton has been on a whirlwind vacation for around a month or so. By the way, I don't know who's bright idea it was to let Paris Hilton put her whore mouth on the biggest bottle of champagne ever, the same bottle that will be passed around like it was Paris Hilton's vagina. Everyone at this beach party now have oral herpes.

Her "new fella, chubby Malaysian playboy Taek Jho Low" was seen at the party wearing a Ferrari polo shirt and Ferrari cap. I am still not sure who she is banging, some press (British tabloids) reports say Zhen Low while others Taek Jho Low. But I am guessing it is Taek Jho Low because he is the chubby guy we have seen with her all month. Either way, she is banging one of these two brothers. Or perhaps she is banging both, I just don't know but the ladder is very likely knowing Paris Hilton. It is not beyond her to be sleeping with two guys coming from the same family. Taek Jho Low is spending millions of dollars on bottles of the most expensive champagne on Paris and her drinking buddies. He is laterally spending millions of dollars for champagne on Paris.

People were pouring a massive bottle of champagne over Paris Hilton's head and her sister Nicky join in on the fun too. What spoiled little bitches born into money do? The only natural thing for them of course, take it in the face. It's almost like Paris has been sprayed by men in this manner before. Just look at how happy she is in these pictures below. Mouth agape, tits out, surrounded by a crowd of men spraying her with foamy white fluid. I am just glad nobody ruined it for her by telling her it was champagne and not semen. After all this at the beach part, they were back to the 300-foot long cruiser yacht Tatoosh, luxuriously equipped with swimming pool, hot tub, gym, move theater, even a recording studio. Where Paris has been caught by paparazzi sunbathing topless on at least two occasions.

source: gutteruncensored

1.8 million GBP for a night's champagne?

What the hell!!! Now, it's from his younger brother who's also a billionaire at age 28.
What's happening to MalangSial? May God bless honest and righteous M'sians.

===

Paris Hilton watched as the rival tycoons Zhen Low and Winston Fisher competed to see who could order more £600 bottles of Cristal in a St Tropez nightclub.

By Richard Eden, Telegraph.co.uk

As Joan Collins and her friends descend on St Tropez this week for a party on board Lady Joy, the yacht owned by the American socialite Denise Rich, they have been made to look positively austere.

Mandrake hears that two rival billionaires spent a staggering €2 million (£1.77 million) on champagne at Les Caves du Roy nightclub. Zhen Low, the younger brother of the Malaysian tycoon Jho Low, became involved in a competition with Winston Fisher, a New York property developer, to see who could order more £600 bottles of Cristal for their chums.

Guests included Paris Hilton, the socialite, who helped the cherubic Jho celebrate his 28th birthday with a four-day party in Las Vegas last year.

"Even by the standards of Les Caves, this was something else," says my man on the Côte d'Azur.

Dream on, you poor M'sians. Aiyooo...

Here's what happened to taxpayers' money that could really be put to better use in the kampongs without basic amenities.

===

SPECIAL REPORT Over the last 23 years, Malaysia's defence spending has taken a whopping RM180 billion from the national coffers.

The average annual defence spending each year is close to 2.5 percent of the nation's GDP from 1987-2004, which should turn Malaysia into a country with decent defence capability, according to a defence analyst.

However, Malaysia's defence forces is in a sorry state which can only deal with 'military operations other than war' (MOOTW).

This is not surprising as allegations of corruption and mismanagement relating to defence procurement continually crop up.

Defence expenditure has been the second-largest item in the national budget until the global financial crisis hit Malaysia in 2008, resulting in other items overtaking it in the 2009 budget.

Defence Ministry expenditure has grown more than five times, from RM2.09 billion in 1987 to RM11.013 billion in 2010.

The total expenditure during this period was RM178.989 billion - the equivalent of building six Putrajayas or 60,000 primary schools.

The defence allocation ranges from 1.6-3.2 percent of the nation's GDP. According to Lam Choong Wah, editor of defence portal KL Security Review, this is moderate compared to the international average of 2 percent.

He pointed out that this level of spending should give Malaysia an appropriate level of military capacity but the reality shows the opposite.

But with so many obsolete weapons and equipment in hand, the defence system can only face low levels of military conflict and perform MOOTW such as peacekeeping, he said.

Justifying this disturbing fact with the lavish military spending begs questions.

Expenditure on big-ticket items should always come with strict monitoring and high accountability. Unfortunately doubtful defence procurement, sometimes reaching scandalous proportions, is said to be a common phenomenon in the Defence Ministry.

In this three-part special report, Malaysiakini attempts to uncover the root causes of suspicious procurements and ways to enhance the current check-and-balance mechanism.

It begins with a list of questionable defence deals in recent years, compiled from media reports. These involved RM26.8 billion and were completed under the watch of Najib Abdul Razak who helmed the Defence Ministry from 2000-2009.

Questions raised about most of the transactions have been left unanswered. Although some were investigated and elements of corruption and mismanagement were found, no senior official has ever been held accountable.

Submarines in global spotlight

The Defence Ministry signed a contract with France's DCNS and Spain's Navantia in 2002 to purchase two Scorpene submarines. The deal is expected to cost RM7.3 billion including maintenance and other services.

What has raised eyebrows is the payment of 114 million euros (RM510 million) to a local company called Perimekar. The sum was alleged to be a commission but the ministry has insisted it was for 'coordination and support services' involving the submarine deal.

Perimekar is wholly owned by another company, KS Ombak Laut Sdn Bhd, which in turn is controlled by Abdul Razak Baginda, a close confidante of Najib.

The deal turned into a scandal when Abdul Razak was charged with abetting two of Najib's bodyguards in the murder of Mongolian interpreter Altantuya Shaariibuu, who was shot in the head on Oct 19, 2006, and then blown up with C4 explosives available only to the military.

According to testimony revealed in court, Altantuya was apparently blackmailing her then-lover Abdul Razak for US$500,000 for reasons unknown. She accompanied Abdul Razak to Paris when the ministry was negotiating the submarine deal.

The case attracted international attention when judges in the Paris Prosecution Office prompted a preliminary police inquiry after two French lawyers filed the case on behalf of Malaysia's human rights organisation Suaram.

The scandal escalated when private detective P Balasubramaniam, hired by Abdul Razak to protect him from a furious Altantuya, filed a statutory declaration after the trial indicating that Najib had actually been the victim's lover and had passed her on to Abdul Razak.

However he retracted the allegations the next day and went into hiding before taking up residence in India.

He later claimed that he had been offered RM5 million by a businessman close to Najib's wife to retract the allegations and leave the country.

He further alleged that he had met Najib's younger brother Nazim regarding the case.

Balasubramaniam recently met French investigators, and also delivered written replies on July 22 to questions from the Malaysian Anti-Corruption Commission which is investigating his allegations.

In a twist to the sorry tale, the first submarine KD Tunku Abdul Rahman, which arrived in Malaysia last September, could not dive due to technical problems, but repairs left it fully operational in February this year.

Meanwhile, DCNS faces other allegations relating to submarine sales in Taiwan and Pakistan.

Jet engines 'fly' to Uruguay

Two Northrop F-5E jet engines from the Royal Malaysian Air Force (RMAF) were found to be missing in May 2008, sparking allegations of the involvement of corrupt officials.

The engines were reportedly taken from a military air base in 2007 and sold on the black market to a South American company. The authority later traced the engines to Uruguay and brought these back in June this year.

Defence Minister Ahmad Zahid Hamidi initially said the engines cost RM50 million each but later clarified that the correct figure is RM303,570.

The ministry claimed that no senior air force officers were involved in the theft. The same answer was given by Parliament's Public Accounts Committee (PAC) after investigations.

Former RMAF sergeant N Tharmendran, 42, has been charged with a company director in relation to the case. They have claimed trial in the Petaling Jaya Sessions Court.

Tharmendran has since revealed that he had been tortured by military intelligence officers into confessing while under detention during an internal probe.

No testing of Eurocopter

In October 2008, two letters from Capt (rtd) Zahar Hashim, chairperson of Mentari Services Sdn Bhd - a local company representing a foreign defence company - alleged that the Defence Ministry had overpaid RM1.419 billion to buy 12 Eurocopter Cougar EC 725 helicopters to replace the armed forces' aging and accident-prone fleet of Nuri choppers.

He claimed that the ministry intended to pay RM2.317 billion for the deal although another company had offered RM898 million for similar choppers.

The letters, written to Najib, outlined several other discrepancies while also accusing him of hastily signing the Letter of Intent dated Sept 15, two days before he moved on to Finance Ministry.

The allegations sparked an uproar and led to the investigation by the PAC, which eventually found 'no procedural abuse' in the tender process.

However, the PAC confirmed that there had been no physical examination of the 12 helicopters prior to purchase.

The ministry finally sealed the deal on March 8 this year at a cost of RM1.542 billion.

Sukhoi jet deal

The Defence Ministry paid RM3.2 billion to buy 18 Sukhoi-20MKM jets from Russian state-owned company Rosboronexport in May 2003. This was to replace 14 US-made F-5Es, which have been in service for two decades.

The deal was made through local agent IMT Defence Sdn Bhd, owned by former Umno minister and Malacca chief minister Mohd Adib Adam.

Controvesy broke in 2005 when Mohamad Zainuri Mohamad Idrus, a former director of IMT Defence, lodged a police report and filed a legal suit against Mohd Adib.

He claimed that Mohd Adib had secretly registered a new company in Labuan with a name similar to IMT Defence, in order to channel the RM380 million in commission from the deal to the new company. No action has been taken against Mohd Adib.

The ministry defended the purchase, saying that Rosboronexport had wanted to make the deal with the aid of a local firm.

Naval patrol boats scandal

The Auditor-General's (AG) Report 2006 tabled in Parliament on Sept 7, 2007 revealed that a contract given to PSC-Naval Dockyard, owned by an Umno associate Amin Shah Omar Shah, to build six naval vessels for the navy had ballooned from RM5.35 billion to RM6.75 billion and was a near failure.

The company was contracted to deliver the patrol boats in 2004 and to complete delivery by April 2008. However only two patrol boats had been delivered by mid-2006, and these could not be fully optimised due to defects.

In all, 298 complaints were lodged on the operation of the vessels. One boat was also found to have 100 incomplete works, while the other had 383.

The report found that the ministry had paid out RM4.26 billion to PSC up to December 2006 although only RM2.87 billion of work had been done, an overpayment of RM1.39 billion.

It said the government had released a big proportion of the RM4.26 billion upon 'confirmation of order' for equipment and systems, rather than upon delivery.

Another shocking revelation was that 14 progress payments amounting to RM943.46 million to the company between December 1999 and January 2002 could not be audited as the payment vouchers and supporting documents were missing from the Defence Ministry's records.

The AG further estimated that the government could claim at least RM214 million in penalties for the late delivery but the cabinet decided to waive payment at the request of the shipyard.

The report noted the abnormally generous payment of RM1.07 billion as deposit, which amounts to 20 percent of the contract price upon signing the agreement.

The AG was also dissatisfied with the quality of monitoring by the project steering committee - led by Najib.

He urged both the finance and defence ministries to give “serious concern” to implementation in order to avoid the weaknesses being repeated in the remaining vessels, and urged that a joint committee comprising both ministries be set up.

The company was later bought over by Boustead Holdings Bhd which revived the project and Amin Shah, once touted as 'Malaysia's Onassis' was declared bankrupt in October 2007.

Poser over RM8 billion APCs

In April this year, DAP Petaling Jaya Utara MP Tony Pua accused the Defence Ministry of intending to buy 257 armoured personnel carriers (APC) for a total of RM8 billion - which he claimed was far above the market price.

It was reported that ministry had signed a Letter of Intent worth RM8 billion with Deftech Sdn Bhd for the APCs, during the Defence Service Asia 2010 exhibition in Kuala Lumpur.

However the ministry responded that the decision on the pricing of APCs had not been made. It also defended the planned purchase as a necessity to developing the defence system to international standards.

But the ministry confirmed that a Letter of Intent had been sent to Deftec for thorough study of the APCs to see if these conform to the ministry's standards.

15-year lease of ACMI

In January this year, blogger Raja Petra Kamarudin claimed on his website Malaysia Today that Najib, while he was the defence minister in 2007, had approved the lease of the Aircraft Combat Manoeuvring Instrument from Aerotree Sdn Bhd at a cost of RM21 million per year, for 15 years.

The lease was to provide training for RMAF personnel. Formerly the training was done in Korat, Thailand, at a cost of RM2 million per year. Hence the cost of the lease was alleged to be more than 10 times what the RMAF had been paying.

Raja Petra furnished apparently official documents that indicate Najib had approved the contract based on direct negotiation without open tender. He claimed that the negotiated contract was not conducted according to procedure.

Sub-standard combat uniforms

The 2006 Auditor-General's Report released in September 2007 found that combat uniforms, leather boots and ballistic helmets worth RM101.75 million supplied from 2004-2006 did not meet the army's specifications.

Among others, the report revealed that 5,000 units of ballistic helmets - costing from RM481 to RM484 each - were found to have serious "delamination and trauma effects", but had still been distributed to the army.

The helmets were supplied by Seri Mukali Sdn Bhd which had been given a RM19.83 million contract from 2004-2006.

Other items that failed to meet the specifications were combat uniforms, webbing sets and leather boots.

The report also pointed out that four suppliers, who were late with delivery, were not fined despite a provision for this in the contract.

Police reports against Airod

Three police reports on alleged corruption were lodged in 2005 against Ahmad Johan, president of Airod Sdn Bhd, which held major contracts with the air force.

He was alleged to have set up a company, Quality Ranch, with his son Edron Hayata to siphon RM5.7 million of commission.

The payments were said to for 'consultancy work' involving extensions on two C130 aircraft owned by the air force and contracted out to Airod.

However PKR deputy president Syed Husin Ali, who lodged the report, claimed that the actual consultancy work was carried out by United States-based Lockheed Martin.

He added that the consultancy contract was given to Quality Ranch even though the company did not have any experience in the field of aviation.

Tomorrow: Factors behind questionable procurements

Note: Malaysiakini is interested in hearing from readers with verifiable information on suspect defence procurements. Please email information and your contact details to editor@malaysiakini.com

Ref: 746f6e7963687561

source: http://www.malaysiakini.com/news/138338

Approved T-shirt?

Datuk Tahrir Shamsuddin,
The below T-shirt ok, a?



If not OK, this one is the best, la. Aiyooo....



========================

Sunday July 25, 2010

Muslims should know what to wear, says mufti

JOHOR BARU: Muslims should know what to wear and what not to, Johor Mufti Datuk Tahrir Shamsuddin said.

He said a Muslim should not put on shirts or jerseys that had images of satan, alcohol and crests of other religions.

He said there was no need for a fatwa on the issue as “Muslims should know their boundaries”.

Tahrir was commenting on the controversy involving the Manchester United jersey, with several prominent Islamic scholars urging Muslims not to don the Premier League club’s jersey because the emblem features a devil.

“If Muslims want to show their support for their favourite teams, they should find a better way instead of wearing such a jersey,” he said.

Perak Mufti Tan Sri Harussani Zakaria had said on Friday that jerseys with devils, crosses or skulls promoted the wrong values for Muslims but that did not mean they should be banned.

Apart from United, who are also known as The Red Devils, other football teams whose crests carry images deemed unIslamic like the cross are Brazil, Portugal, Serbia, Barcelona and Norway.

A Malay daily recently quoted Johor Religious Council adviser Datuk Nooh Gadot as saying that wearing such jerseys were forbidden in Islam.

http://thestar.com.my/news/story.asp?file=/2010/7/25/nation/6732587&sec=nation

Now, flip flop to this pulak. Aiyooo...

The devil in MU T-shirt? It takes one to know one?

Any comments about symbols in Math and Science as there are lots of '+' (crosses) that depict Christianity?

Errr... how about the sin in flying Air Asia? The whole plane is painted in MU colours and emblem.

As the famous saying goes...

WHAT WILL THEY THINK OF NEXT?

=======================================

Saturday July 24, 2010

No ‘religious ban’ on MU jerseys, says Perak mufti

By JOSHUA FOONG and ROSHIDI ABU SAMAH
newsdesk@thestar.com.my

KUALA LUMPUR: There is no “religious ban” on Manchester United jerseys despite statements by several prominent Islamic scholars urging Muslims not to don the Premier League club’s shirts because the emblem features a devil.

Perak mufti Tan Sri Harussani Zakaria said jerseys with devils, crosses or skulls promoted the wrong values for Muslims but that did not mean they should be banned.

“A fatwa on the matter is not necessary as it is clearly wrong for Muslims to wear shirts with devils and other unIslamic symbols because it is against the teachings of Islam,” he said yesterday.

Apart from Manchester United, which is also known as The Red Devils, other football teams whose crests carry images deemed unIslamic like the cross are Brazil, Portu­gal, Serbia, Barcelona and Norway.

“In Islam, Satan is our enemy ... but I believe Satan is also an enemy of the non-Muslims.

“We advise people not to wear them,” said Harussani.

He added that Muslims had no reason to wear and glorify symbols that promoted wrong values.

Harussani said other ulama and mufti shared his opinion but they did not plan to pass any edict to ban the attire either.

Many Muslim football fans, he said, were actually unaware of the images on the emblems.

His view was shared by Johor Religious Council adviser Datuk Nooh Gadot, who had issued similar advice to Muslims on Wednesday.

Meanwhile, several Malaysian football fans have shown the “red card” to the advice by the ulama.

They voiced disapproval over social media sites such as Twitter and Facebook.

“What am I going to do with all my Manchester United jerseys? And my sons’ jerseys?” said a Twitter user.

Some even went to the extent of accusing the ulama of supporting Liverpool, Manchester United’s archrival.

Manchester United Malaysia Fan Club, which boasts 7,000 members, when contacted, declined to comment.

Checks at various sports retail outlets in shopping malls revealed that the famous red jerseys of the club were still on sale.

Sales personnel on duty said the new version of the club’s attire was selling like hot cakes as it had arrived just a few days ago after its global launch on July 15.

source: http://thestar.com.my/news/story.asp?file=/2010/7/24/nation/6729395&sec=nation

No MU T-shirt but this boleh?

Not sure what those clerics will say about this. And, it's worn during prayers. Aiyooo....

Taek Jho Low, billionaire at age 28/29?

Before you read further, take a look at an UMNO blog that talks about this Low and how he came into the billions. Enjoy... (or, rather cry at the wanton wastage of public funds)

Note: The article below by akmongkol AK47 is dated Monday 14th Dec, 2009. Then, look at the next article, dated 15th July, 2010. Will MACC investigate? The general public and those in the know will hope so but personally, there's no chance in hell that MACC will. Too many worms in the can, la. Aiyooo...


===start===

Monday, 14 December 2009

Who is minding the Store?

Who is minding the store?

We haven't heard of the 1 Malaysia Development Fund nowadays. Yes, I am referring to the RM5 billion that is managed by the 1 Malaysia Development Board 1MDB. Yes, it's that Fund formerly known as Terengganu Sovereign Wealth Fund. Just who came up with the idea is uncertain. Rumors have it, that it was a young man called Mr. Low from Penang. Mr Joe Low.

Creative ideas are most welcome. PM Najib has said that creativity will be a main element in his coming economic model. Anyway, the Fund started with RM 1 billion. It later became RM 5 billion obtained through the issue of bonds guaranteed by the government. Normally an entity is allowed to issue bonds if it is rated highly by some credit evaluating bodies. Like Moody's Investor Services for example. The accreditation body is satisfied the bond issuing entity can repay the bonds when they mature.

There are cases too, when the bond issue is underwritten by GOD- government of the day. Governments of course can never go bankrupt. The 1 Malaysia Development Fund- just call it the 1 Malaysia Fund will get additional RM 6 billion when the oil royalties due to Terengganu will also be directed into it. This means it will have RM 11 billion war chest to play around with.

Just who are controlling the 1 Malaysia Fund? We know it reports directly to the PM. Although 1MDB reports directly to the Prime Minister, the sovereign fund will still have an eight-member board of advisors and a five-member board of directors.8 + 5= 13 members.

But will they be given a free hand to manage the fund? Or are they there just to grace the window? These people are drawn mainly from statutory bodies such as LTAT, Tabung Haji, FELDA etc. I have been informed some have already resigned from the board because they cannot stand excessive meddling.

But you retort- why should we tell you what we are doing? Especially to busy bodies like you people? Then we answer you- because we have been dismayed so many times when public money is treated as a private property. We have PKFZ which is the subject of intensive forensic investigation now and has become a public scandal. We are also disturbed by the customary practice of keeping everything very quiet until it becomes bad and blows off the lid. Most importantly we believed that public disclosure is the best form of accountability. Let it out in the raw and let the people judge. Some of the busybodies out there are pretty smart and perceptive.

The sovereign fund is said to be thought of by a character called Low. He is known among financial circles as Joe Low. He comes from Penang. He takes over where Patrick Lim left. I can imagine him say over a glass of Martini- hi, my name is Low. Joe Low. I prefer my drink shaken, not stirred.

He brought the idea of creating a sovereign wealth fund. It was probably meant as a solution to prevent the dissipation of Terengganu's Oil Royalties.

Now, this is another issue. Why did the TSWF- Terengganu Sovereign Wealth Fund suddenly become 1Malaysia Fund? HM The King seemed to have given his consent to the renamed entity. This federal wealth fund now takes over the money raised by KTIA headed by Shahrol Halmi. HM The King was very much interested when the TSWF was set up as he was royally chagrined over the usage of oil royalties due to Terengganu.

Because I think it's not safe to have the money parked in Terengganu. Warring factions in Terengganu will be fighting all over the place to gain control over the Fund. He must have realized that the previous state government spent the money frivolously. A lot too went missing and unaccountable. Even if the monies are placed under KTIA- meddling politicians can still make life for the managers miserable. And also perhaps, it is wiser to have the money under a federal entity because Mr. Low thinks; BN will not be the next state government.

Anyway- some other states may be thinking to set up their own SWF. Then they will ask the government to guarantee them. If you can do it to Terengganu, you most certainly can and must do for other states.

PM says, if these jokers come up with these equally creative ideas, his government will have nothing to do but issue guarantees and commit resources to ensure the fund is managed properly. He can't afford to, because the majority of his officers in the Treasury are more at home at eating kuacis ( eagle brand preferred) and chewing on chips at meetings. No way Jose, he says- let's have a Federal Sovereign wealth fund. And it's not Jose- its Joe. Joe Low that is.

We are not sure where this Low brought the idea to. To the PM or to his Majesty the King.

He probably brought the idea to both. As both his majesty and the PM are concern about the application of the oil royalties, it is logical that Low brought the idea to both. He goes over to the PM and tells PM, the King has sent him. He then goes over to see the King and says, PM sends him. Nice. Very nice.

I mean, it's not every day, HM the King calls up- Yo DSN, did you send Low over to me to speak on this and that? It's not every day PM calls up the King to say- A thousand pardons Your Majesty- did Your Majesty sent this sinkeh over?

This brings us to the interesting question- just who the heck is this Joe Low? Is he our Warren Buffet? The main stream media says he is a low key person. Well, after he splashed USD170k to fete the PM and his entourage in New York recently, he is not low-key any longer. He is a Big Key now. Which doors is he opening? And last week, he gave a private birthday party to the PM's wife at a leading hotel in Kuala Lumpur.

Much has been written about the merits of a SWF as a concept. I shall not repeat the observations made by many commentators. For example the Blogger Analyst at Large has written something noteworthy about this. Forget the fact that he doubles up as economic advisor for the DAP. He has raised cogent criticisms which deserve notice.

I am more concern about the shadowy group of young boys moving behind the scenes and appear to exert considerable influence on the PM. Most prominent is this Joe Low character.

We have seen the debilitating effects such intrusion and meddling on the morale of the officers and the damage caused to the previous PM. He was criticized by being overly compliant with the investment advice of one Patrick Lim. And the treasury people and even ministers were run over roughshod by a group of young highly educated boys infamously known as the 4^th Floor boys.

Now and here, we have another shadowy group. Maybe it's not formal. But not less significant. Among them are Joe Low, one young Indian, and the son of a prominent Chinese tycoon. All of them are young and are said to be have unhindered access to the PM's wife.

They are said to have even attended briefings by treasury and Bank Officials. We need to recognize the dangers from the experience of the previous administration.

Obtrusive and incessant meddling into the running and management of the Funds can see our money being dissipated. Already at the inception of the 1 Malaysian Fund, RM 300 million has already leaked. For what purpose? To where?

If credible investments have not been made on account of meddling, we shall have to incur the payment of interest. That means our borrowed capital has not work to earn revenue from which to service interests let alone earn a conservative return of 5%. (That was what Sharol Halmi said) and I hope, this conservative expectation on returns is still adopted by the board members.

Some board members have left or resigned. They say this fund is too hot to handle. It could actually be, they saw the writings on the wall and could see where the Fund could end up. So, rather than being held accountable for something that will eventually be bad, better relinquish the honor of serving in that Fund.

The other cause of concern is why is the PM hesitant to exercise full control over the Fund? I mean, not personally but investing the board with total and unfettered discretion. Let the fund be answerable to Parliament.

Posted by sakmongkol AK47 at 11:06 AM
source: http://sakmongkol.blogspot.com/2009/12/who-is-minding-store.html

=== end ===

PARIS HILTON STRIKES A POSE FOR MALAYSIAN MILLIONAIRE

Dated: 15th July, 2010

Always one to welcome the camera, Paris Hilton took part in a mini photo shoot on a boat in Paris, France today (July 15).

The 29-year-old heiress was wearing a bright pink dress with a large diamond snake bracelet, tights and high heels as she posed for a photographer on the water with the Eiffel tower as a background.

Paris was spending the day on the boat with her sister Nicky Hilton and Malaysian millionaire Taek Jho Low.

Low is somewhat of a mystery man who has been spending a massive amount of cash at clubs around the world and is rumoured to be an adviser to some international corporations and then appointed to the board of Malaysian bank UBG Berhad last year.

source: http://www.fadedyouthblog.com/197536/paris-hilton-strikes-a-pose-for-malaysian-millionaire

Jho Low: Manhattan's Mysterious Big-Spending Party Boy

Everyone's taking notice of a rich guy who's apparently trying to single-handedly save the nightlife industry and give leggy models everywhere something to do. His name is Taek Jho Low, a 20-something Wharton grad who loves Cristal.

Not much is known about the baby-faced Malaysian, but tales of his largess are swirling about and frequently as he has been dropping tens of thousands of dollars at hot spots around the city. Here's what we know:

Name: Take Jho Low
Age: 28
Occupation: Officially he is an adviser to some international corporations, but no one knows what that means or seems to believe that is the truth. People say he's involved in oil, gas, and construction. He and was appointed to the board of Malaysian bank UBG Berhad last year. It's rumored that he's an arms dealer.
Residence: Rents several apartments in the Park Imperial on West 57th St in midtown that house him and his staff—including several body guards. Famous neighbors include Daniel Craig and Sean Combs.
Motorcade: Travels about town with his entourage in a fleet of Escalades.
Nightclub Spending:

• Spent $160,000 in one night at Avenue this September during Fashion Week.
• Routinely spends between $50,000 and $60,000 at Pink Elephant.
• Bought Lindsay Lohan 23 bottles of Cristal at 1OAK when she was celebrating her 23rd birthday.

Birthday Party:

• Just celebrated his 28th year starting last Wednesday with a four-day bash at Ceasar's Palace in Las Vegas.
• Megan Fox was flown out to Vegas to hang out with the birthday boy, who routinely surrounds himself with models.
• The hotel pool was surrounded by caged lions and tigers and filled with girls in bikinis. Later, at a nightclub, Low bought 120 bottles of Cristal for the revelers.
• Jamie Foxx gave him a red sports car for a present.
• Paris Hilton and Usher also attended the party.

Supposed Benefactor: Kuwaiti Hamad Alwazzan
Champagne of Choice: Cristal, which he'll buy for anyone who asks.
Quote: "A Jho Low comes around once in a lifetime," one nightlife insider told Page Six about the man's big-spending ways.

source: http://gawker.com/5401369/jho-low-manhattans-mysterious-big+spending-party-boy

PM's Dept cost RM4billion a year!!!

KNNCCB!!!

When the biggest private employer Matsushita was in Malaysia during it's heydays, they employed like 30, 000. And, they are making money. Here, we have PM's dept making money... but, for whom?

Anyway, the ratio is not right. Perhaps, it's right for the powers-that-be?

May God bless Malaysia. Sigh....

=== quote===

DAP MP slams 'bloated' RM4b PM's Dept

Thu, 15 Jul 2010 15:53

By Syed Jaymal Zahiid

KUALA LUMPUR: Calls for stringent and frugal spending amid a high budget deficit might seem like a self-embarrassing slogan given that almost RM4 billion is allocated for the Prime Minister's Department (JPM) for this year alone, said a DAP leader today.

The figure was given by Minister in the Prime Minister's Department Nazri Abdul Aziz, in a written reply, to Taiping DAP MP Nga Kor Ming today.

The minister also stated that the number of its civil servants has doubled from 21,000 in 2003 to 43,000 this year.

The reason for the bloating allocation, said Nazri, was due to the establishment of several new agencies such as the Judges Appointment Commission Secretariat, Secretariat Office to former premier Abdullah Ahmad Badawi and the Performance and Implementation Unit or Pemandu.

Several existing agencies like the National Security Council, the National Islamic Development Department (Jakim) and Early Childhood Education Unit (Permata) - a unit supervised by Rosmah Mansor, the wife of Prime Minister Najib Tun Razak - also saw additions in posts which explains the increase in spending.

Pakatan needed only 7,000 to run state

However, Nga criticised the allocation as wasteful amid the government's burgeoning debt which stood at more than RM350 billion in 2009.

The Taiping MP said the number of civil servants needed for the entire Perak government, when it was run by Pakatan Rakyat, was only slightly more than 7,000.

"This is ridiculous. How come you only need that number to run Perak and such a big number of staff just to operate the JPM. In the end, the taxpayers are the ones bearing the cost," he said.

He also pointed out that Taiwan, with a population of 28 million people, a million more than Malaysia, has only 20 cabinet members while Malaysia has 30.

The Najib administration has come under criticism over its hefty operational costs which stood at close to RM155 billion or 75 percent of the total 2009 budget. It increased to more than five percent for 2010.

It was slapped with further setbacks after growing debt had forced the government to dismantle its subsidies on fuel and essential goods amid public outrage that government operational expenditures ballooned drastically.

Fearing voters backlash, the Barisan Nasional government is forced to phase out its subsidy cuts plan.

source: http://www.freemalaysiatoday.com/fmt-english/politics/barisan-nasional/8006-dap-mp-slams-bloated-rm4b-pms-dept

F1 Silverstone @ BBC1 digital TV, Live

Here am I in UK, watching F1, live on public TV. It's FREE unlike Malangsial where Arsethrow is holding M'sians at ransom for live telecast. This programme actually started at 12.10pm, 50 minutes before the race starts, with the commentators (Martin Brundle, Eddie Jordon, David Coultard and ???) on a walkabout in the pits and track, interviewing the drivers and their teams. Sir Patrick Stewart was also interviewed. If you don't know, Sir Patrick is the captain of the spaceship, Enterprise, as in Star Trek. Anyway, there were flashbacks, etc. Interesting!

Here's the best part... there were no advertisement at all during the whole duration, before and after the race commentaries and interviews. This surely memalukan Ananda Con-da. Shame on you.

Below is the wasteful participation of M'sia in the F1, as found in Wikipedia. I'm pretty sure that there's more $$ that meet the eye. Sigh... why can't this $$$ be spent to help the unfortunate M'sians? It was mentioned by Martin Brundle in this race that Red Bull spent a few million Euros for this season. Aiyoyo...

=== Lotus involvement 2010===

Lotus (2010-)

Heikki Kovalainen driving the Lotus T127 at the 2010 Bahrain Grand Prix, March 2010.

The new Lotus team made its début in 2010. It is formally from Malaysia but still has a livery dominated by British racing green, like the old Lotus team had for many years.

Year	Main colour(s)	Additional colour(s)	Livery sponsor(s)	Additional major sponsor(s)
2010[23]	British racing green	Gold, White	Tune Group	1 Malaysia, Naza Group, Bridgestone, Proton, PACT, CNN[24]

===Petronas and Mercedes 2010===

Mercedes will compete in Formula One from 2010 after having purchased the Brawn GP team on November 16, 2009. On December 21, 2009 it signed a €30 million per season contract with Petronas as title sponsor.^[30] On January 25, 2010 Mercedes GP unveiled the car livery for the 2010 season.^[31] The blueish green livery color of Petronas is just present as fine lines at the side of the car, which overall is mainly painted in silver like the old time Mercedes race cars of the 1930s and 1950s.

Year	Main colour	Additional colours	Main sponsor	Additional major sponsors
2010[32]	Silver	Black, Green	Petronas	Bridgestone, Aabar Investments, MIG, Henri Lloyd, Graham

Karl Kling at the wheel of the W196 at Nürburgring.

Michael Schumacher testing for Mercedes GP at Jerez, February 2010.

===Air Asia and Williams 2010===

2010[72]

Blue

White

RBS, Phillips

AT&T, Allianz, Randstad, Oris, HELL energy drink, Accenture, Thomson Reuters, Air Asia

source: http://en.wikipedia.org/wiki/Formula_One_sponsorship_liveries