Malaysian Ringgit Falls More Than 1 Pct on Selloff in Stocks

Malaysian ringgit falls more than 1 pct on selloff in stocks, bonds

Malaysian ringgit falls more than 1 pct on selloff in stocks, bonds

Reuters4 hours ago Share PrintSINGAPORE, Aug 17 (Reuters) - Malaysia's ringgit fell more than 1 percent on Monday to stay near its 1998 pre-peg lows on an extended selloff in local stocks and bonds amid fears of capital outflows.

The ringgit lost 1.4 percent to 4.1370 per dollar in thin liquidity, compared to Friday's low of 4.1500, its weakest since Sept 1. 1998. Malaysia pegged the ringgit at 3.8000 from September 1998 until 2005.

Kuala Lumpur stocks dropped 1.5 percent, while the five-year government bond yield rose as high as 4.036 percent, its highest since November 2008.

Oil prices fell to near six-year lows, heightening concerns over Malaysian exports as the country is a big supplier of liquefied natural gas and palm oil.

(Reporting by Jongwoo Cheon; Editing by Shri Navaratnam)

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HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down3users disliked this commentStephen 3 hours ago Report Abuse

Hopefully if the oil price moves upwards then only there's chance for the ringgit to go upbecause Malaysia depends a lot on its exports of oil and LPG/LNG gases to all over theworld.

7 Replies H


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentHakim 2 hours 57 minutes ago Report Abuse

Najib, promises more then 5 million for BN's MPs for next year . Currently is 5 million increased from 1 million originally . The GST money is collected for Amno rock & roll .Their funding is increasing every where the only decreasing is our currency and our economy .

Reply H


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentHON CHONG 49 minutes ago Report Abuse

Singaporeans because of low interest in our big banks withdrew and changed to ringgits deposited in maybanks for higher interest now find it difficult to bring back to singapore.for eg at 1sgd-2.2 myr they changed and deposited in maybank now thesum needs to be 2.,89myr to change back to 1 sgd. So in mil terms will be worst.1m sgd -2.2 mmyr,now need 2 89m myr ringgits to change back to 1 mil sgd/many sigapore companies are in a dilemma to repatriate back here or not

1 Reply c


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down2users disliked this commentchua 35 minutes ago Report Abuse

Malaysian can complain until the cows come home, but what is the use . Bring the UMNO Government down and there will be hope ! Rise up Malaysia, and don't complain as you are the ones who voted UMNO in ,so live with it until the next election in 2018. In the meantime , suffer or take drastic action and bring the UMNO Government down. Allah save Malaysia !

Reply M


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentMostaque 1 hour 18 minutes ago Report Abuse

Every one is effected for the fall of Ringgit in the change of USD. A lot of worker from abroad in Malaysia is mostly effected like local Malaysian. Immediately action is desired. Other wise every one will be effected irreversibly. Never it be normal.

1 Reply O


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down1users disliked this commentOssam 3 hours ago Report Abuse

What has Najib done so far to counter the drop of the Ringgit and Economy of Malaysia???

Malaysia for currency reserves have dropped below US 100 billion from US 150 billion. Thats a loss of US 50 billion!!!

Is waiting for the dams to run dry then blame it on draught while the Rakyat continues to suffer???

2 Replies W


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentWilliam 1 hour 12 minutes ago Report Abuse

There has been talk of a cut in credit rating for almost half a year now due to high debt level in Malaysia. Drop in currency can be good for Malaysian exporters. They are probably keeping quiet and laughing all the way to the bank.

Reply A


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentAris 20 minutes ago Report Abuse

...it may fall of the graph and drop into the drain??? The GOVERNMENT gonna build safety nets in drains??? Palm oil prices are taking a beating an so it is with crude oil (fossil fuel). These issues are of no concern for the PM???

Reply H


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentHON CHONG 1 hour 5 minutes ago Report Abuse

Why malaysian ringgits have no golden parachutes. Singpore companies invested there in manufacturing ,engineering and construction etc ,individuals in properties find it hard to repatriate earnibgs back to singapore because of high exchange rate.so work and invest and lose .malaysians working here happy to send back ringgits.now 1sg=====2,89myr

Reply L


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down3users disliked this commentLOL everyone 59 minutes ago Report Abuse

Good luck to those who already bought private properties there. Who will rent or buy your properties if they don't have enough money

Reply B


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down1users disliked this commentBali Suharto 1 hour 24 minutes ago Report Abuse

Total disgrace Nutmeg

Reply C


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentChee Bai 38 minutes ago Report Abuse

free fall drop ahhhhhhhhhhhhhhhh :D

Reply p


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentp 1 hour 34 minutes ago Report Abuse

Is George Soros making money from Malaysian ringgit? Its good for Sporeans who want to retire there.

3 Replies u


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down2users disliked this commentudon't kn jk 3 hours ago Report Abuse

4.1370=1 use from 3.8 is killing lots of small/medium sized business ... they buy imported products @ 110% n sell @ 90% value..lose lose... how long can the shopkeepers n waring survive ???? by the end of the year ???? ringgit could be down to rm5= 1usd...

1 Reply S


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentSabrina Khan 1 hour 7 minutes ago Report Abuse

another milestone achievement by the BN Govt

Reply J


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentJohn Lim 1 hour 12 minutes ago Report Abuse

NO lah ! It's asking SINGAPOREAN all go there shopping lah ! GO GO GO ! It's not polites lah !

1 Reply Z


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentZor 6 minutes ago Report Abuse

With USD700 million falling into 1 man's pocket, while the country has accumulated USD4.2 billion in 1MDB debt, I see no reason anyone can have faith in the ringgit anymore.

1 Reply b


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentbull 38 minutes ago Report Abuse

50+Billion of Malaysian bonds were dumped since the Najib Saga started..now, exodus of foreign capital continue in stocks and currencies...worst is yet to come..as there will be big fight within umno..and street protest with bloodshed and arrest..also Pakatan will bring up whatever legal suits... MoreReply M


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down1users disliked this commentMan At Work 1 hour 43 minutes ago Report Abuse

USD-Ringgit will hit 1-to-5 soon by 2016.

Reply s


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentsx 1 hour 8 minutes ago Report Abuse

najib cant wait for the ringgit to fall further, when he cash out his 700million usd it will be worth more

Reply s


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentsx 1 hour 8 minutes ago Report Abuse

najib cant wait for the ringgit to fall further, when he cash out his 700million usd it will be worth more

Reply F


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down1users disliked this commentFranz 1 hour 8 minutes ago Report Abuse

let move it to 1USD$ to RM5. 1USD to RM3.5! then Singapore will flooded with Malaysia Chinese and kick out cina....

1 Reply J


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down1users disliked this commentJustice World 1 hour 50 minutes ago Report Abuse

Amanah Balon Duit Rakyat.

Reply M


HYPERLINK "https://sg.finance.yahoo.com/news/malaysian-ringgit-falls-more-1-025001701.html" Please sign in to rate a thumbs-down0users disliked this commentMast 29 minutes ago Report Abuse

Down down deeper and down, down down deeper and down...Status Quo

Reply Accepting funds from Najib is normal, says Shahrir Samad

The Malaysian Insider1 hour 2 minutes ago Share PrintTan Sri Shahrir Samad, who was accused by whistle-blower site Sarawak Report of receiving RM1 million from Datuk Seri Najib Razak, said accepting funds from his party president was normal.

"Who else should I ask for financial aid for expenses in running my division, if not from my own party president," he was quoted as saying by the BNBBC.my portal.

The Barisan Nasional Backbenchers Club (BNBBC) chairman (pic, right) said he was willing to cooperate and explain to investigators how the money was used, if requested to do so.

He added that aid from the party president to any division was normal, especially for divisions suffering from lack of funds.

On Saturday, Sarawak Report said that over US$650 million (RM2 billion) was transferred from Prime Minister Datuk Seri Najib Razaks AmPrivate Bank account in Kuala Lumpur to an account in Singapore after the general election.

The whistle-blower site also alleged that the money was deposited into an account in the name of Tanore Finance Corporation (BVI) at Falcon Bank in Singapore on the day the prime ministers AmPrivate Bank account was closed, August 30, 2013.

Sarawak Report said this was the same company account which had originally transferred US$681 million into Najibs AmPrivate Bank account, earlier in March of the same year.

Sarawak Report also said that Najib had distributed funds from his private accounts to a few Umno leaders, who are now proving to be some of the prime minister's strongest defenders in the present crisis.

The London-based site said Shahrir received had RM1 million after the 13th general election, Umno information chief Datuk Ahmad Maslan allegedly received RM2 million while Puteri Umno chief Datuk Mas Ermieyati Samsudin got RM50,000. August 17, 2015.

Umno the one betraying Malays, says DAP

The Malaysian Insider55 minutes ago Share

Tweet PrintA DAP lawmaker has hit out at Umno president and Prime Minister Datuk Seri Najib Razak for saying that Malays will lose out if Umno is not in power, adding that it is actually the party which has betrayed the community.

Bukit Bendera MP Zairil Khir Johari (pic, right) said this was seen in how Umno, as the lynchpin of the ruling coalition, had for the past three decades ruined agencies and government-linked companies meant to help and benefit Malays.

These include Felda, which gave thousands of landless Malay peasants jobs and property, and the Pilgrims Fund Board or Lembaga Tabung Haji, which subsidises costs for Muslims going on the haj or pilgrimage in Mecca.

Zairil said Umno had also turned a Malay-dominated bureaucracy respected and trusted during the 1960s and 1970s into a victim of its iron-fisted rule.

I am confident that the Malays will not become bangsat in their own land without Umno. But in reality, it is Umno who are who are bangsat for betraying Malays and Malaysia all this while, Zairil said in a statement.

The Malay term "bangsat" can mean bastard, villain or in this context, an outcast.

Zairil was referring to the term used by Najib yesterday in a speech to an Umno division.

According to news portal Malaysiakini, Najib had told Umno members that he would do everything to ensure that Umno and Barisan Nasional remained in power.

If Umno is not in power, the Malays will be bastards in their own land, Najib said yesterday while opening the Grik Umno division meeting in Perak. August 17, 2015.

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HYPERLINK "https://sg.news.yahoo.com/umno-one-betraying-malays-says-060744285.html" Please sign in to rate a thumbs-down0users disliked this commentM'Sian 55 minutes ago Report Abuse

Umno is like a cancer that has inflicted Malays. Unless they are bold enough to undergo radical surgery I feel they have a tough choice. If they had tested other alternatives and made and informed decision it is acceptable. Most have not exposed themselves to other alternative and hence I believe the reticence on their part will spell their doom.

Indications:

From a recent survey Malays would like to identify themselves as Muslims first b4 recognizing themselves as Malays. Some would see it as a 'mass form of escapism', thanks to ali-mamak culture replacing ali -baba culture.Unfortunately the survey did not give a choice if the Malays would prefer to be identified as Malays or as Bumiputras. Most likely they would have identified themselves for obvious reasons as 'bumiputras'.

Reply S


HYPERLINK "https://sg.news.yahoo.com/umno-one-betraying-malays-says-060744285.html" Please sign in to rate a thumbs-down0users disliked this commentSoccer 54 minutes ago Report Abuse

Zairil Khir Johari is capable person and he should be given opportunity to contribute more for the country!

Reply C


HYPERLINK "https://sg.news.yahoo.com/umno-one-betraying-malays-says-060744285.html" Please sign in to rate a thumbs-down0users disliked this commentCitizen of Earth 56 minutes ago Report Abuse

A small group of "ELITIST" screwing the majority.

Reply M


HYPERLINK "https://sg.news.yahoo.com/umno-one-betraying-malays-says-060744285.html" Please sign in to rate a thumbs-down0users disliked this commentMichael 53 minutes ago Report Abuse

Well said! Dr. M's Bumi policy only ruin majority of the Malays in the long run......

Reply f


HYPERLINK "https://sg.news.yahoo.com/umno-one-betraying-malays-says-060744285.html" Please sign in to rate a thumbs-down0users disliked this commentfire 1 hour 1 minute ago Report Abuse

First!

Reply D


HYPERLINK "https://sg.news.yahoo.com/umno-one-betraying-malays-says-060744285.html" Please sign in to rate a thumbs-down0users disliked this commentDAVID ONG 30 minutes ago Report Abuse

This present Umno so-called leaders had destroyed their own party.

No one is there to topple any govt.

Even Tun had to come out from retirement to tell you guys in Umno are wrong and may lose in GE14 or 2018.

UMNO DESTROY THEMSELVES !

Is there a govt. after GE13 ? .

Reply F


HYPERLINK "https://sg.news.yahoo.com/umno-one-betraying-malays-says-060744285.html" Please sign in to rate a thumbs-down0users disliked this commentFindme Lohan 15 minutes ago Report Abuse

najib screw 2.6bil for 500broom, hidup BN barang naik.....

Reply Too early to predict hung assembly in Selangor, Speaker says

By BY MELISSA CHI | The Malay Mail Online1 hour 1 minute ago Share PrintRelated Content

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Selangor speaker Hannah Yeoh (centre) arriving for the opening of the Selangor state

SHAH ALAM, Aug 17 Selangor Speaker Hannah Yeoh said today it was premature to predict the possibility of a hung state assembly, following news of a mass exodus of PAS lawmakers to its new splinter group, Harapan Baru (HB).

She said the state assembly will remain at status quo for now as she has yet to receive official letters from any defecting PAS lawmakers.

I think that is not for the Speaker to comment but it's really up to the top party leadership, now it's premature to discuss it.

As far as I'm concerned, there is no official notice but things went on smoothly today, she told reporters after todays assembly sitting kicked off this morning.

There was a level of maturity among the lawmakers to prioritise what is important to the people and what is merely a political speech, she added.

Last Friday, it was reported that HB Selangor coordinator Izham Hashim said there will be a mass exodus of PAS members to Selangor's HB chapter when it is launched at the end of the month.

Hulu Klang assemblyman Saari Sungib and Morib assemblyman Hasnul Baharuddin who had already been suspended from PAS for a year following the Selangor Mentri Besar crisis last year, have confirmed that they are now HB members.

So far, at least one other state assemblyman, Kota Raja MP Dr Siti Mariah Mahmud has confirmed plans to join the new political party.

Izham, who is the Kelana Jaya PAS division chief, had said HB divisions in all of Selangor's 22 parliamentary constituencies have been set up.

There are 13 PAS assemblymen in Selangor, excluding Saari and Hasnul.

DAP, in the meantime, has 15 seats while PKR has 13 seats in the 56-seat legislative assembly in the country's most developed state led by Mentri Besar Azmin Ali from PKR.

To form a simple majority in the Selangor legislative assembly, 29 seats are needed.

After the fallout between DAP and PAS over the hudud issue, and the clean sweep of seats by the conservatives in the recent PAS party elections, HB was formed by members of the Islamist partys progressive faction.

The movement, led by former deputy president Mohamad Sabu, was formed as an alternative to PAS, and is expected to replace the Islamist party once the opposition regroups to form a new pact.

So far, no official decision has been made about the new composition of the pact.

Currently, HB members are still PAS members as none of them had been sacked and the splinter group is not yet registered as a political party.

According to the PAS constitution, PAS members are not allowed to join another political party. If found out, the members would be sacked.

Penang tells PWD to resolve crisis after industrial zone choked by traffic

By By Opalyn Mok | The Malay Mail Online1 hour 17 minutes ago Share

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Massive jam at the Free Industrial Zone this morning due to road closure and road

GEORGE TOWN, Aug 17 The Penang government today demanded the Public Works Department (PWD) mitigate jams caused by its road diversion after this caused a three-hour gridlock in the Free Industrial Zone this morning.

A displeased Penang Chief Minister Lim Guan Eng called the choking traffic a crisis, and instructed the PWD engineers and the UEM Builder Berhad construction manager Ismade Ismail to immediately resolve the matter.

This is the first time in history of Penang to see such massive traffic jams in that area and the state government is dissatisfied with how it was handled by PWD, he said in a press conference at his office together with Ismade and PWD northern zone special project unit senior deputy director Mohd Yusup Zahidin.

Due to the massive jams, PWD will hold daily press conferences at the Penang Island City Council's office to report the progress of the road changes due to the closure of Hilir Sungai Keluang 1 and Lebuhraya Kampung Jawa stretch along the Tun Dr Lim Chong Eu Expressway.

The road was closed since last Saturday to facilitate the construction of a flyover across Sungai Keluang for the Bayan Lepas Expressway (BLE) project, but triggered massive traffic congestion this morning due to the weekday rush hour.

Lim said PWD proposed two alternatives, either a partial closure of the road or total closure of the road while they complete the construction of the flyover along that stretch.

After considering the safety of the motorists, we have to agree to close the road for the construction because we do not want a repeat of what happened two years ago, he said.

In 2013, before the completion of the second bridge, a portion of a flyover connecting to the bridge in the same area collapsed, killing a motorist who happened to be driving by at that time.

Lim said from now onwards, the police and city council officers will assist to disperse traffic in the area especially during rush hours in the morning and after work.

We also want PWD to ensure that the road diversion is done smoothly so that the crisis does not continue, he said.

PWD is also holding a dialogue session with the public on the road closure and the diversion routes on Wednesday at 8.30pm at Sunshine Square hall.

Mohd Yusup said there were no issues during the weekend as there was less traffic then, and that today's gridlock was because drivers still were not acclimatised to the changes.

Most motorists are not used to the new route so there is confusion with some still using the old route and causing a jam, he said.

The road will remain closed for at least another five months pending the completion of the flyover which weighs 14,000 ton and spans a total 390m.

In the road diversion, all traffic from George Town heading to the airport and Batu Maung must use Jalan Tun Dr Awang via the Bayan Baru roundabout instead of the coastal road.

As for traffic from Batu Maung heading to George Town, they must use Jalan Permatang Damar Laut via the roundabout and Jalan Tun Dr Awang.

Rescuers race to Indonesian plane crash site

By Levi Cunding | AFP News23 minutes ago Share PrintRelated Content

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National Search and Rescue chief Bambang Soelistyo (R) gestures as he leads the operation for the search for the missing Trigana Air ATR 42-300 aircraft,

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Updated map showing the route of the Trigana Air passenger plane with 54 people aboard that crashed in eastern Indonesia at the weekend

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Grieving relatives of passengers on the missing Trigana Air ATR 42-300 aircraft and feared to have crashed cry as they wait for information at the crisis

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People including relatives of the missing Trigana Air ATR 42-300 aircraft check a board with a passenger manifest as they wait for information at the crisis

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Indonesia's National Search and Rescue personnel view a terrain map in Jayapura in Papua province on August 16, 2015 as they search for a missing passenger

Rescuers raced Monday to reach debris in remote eastern Indonesian mountains believed to be from a plane that crashed carrying 54 people and cash worth almost half a million dollars.

The plane operated by Indonesian carrier Trigana Air lost contact with air traffic control on Sunday afternoon in bad weather on a short flight from Jayapura, the capital of Papua province.

The ATR 42-300 twin-turboprop plane was carrying 49 passengers and five crew on the journey to Oksibil, a remote settlement in the mountains to the south of Jayapura.

Also on the plane was 6.5 billion rupiah ($470,000) in cash, which were government funds being transported by postal officials for distribution to poor families, according to the head of the Jayapura post office.

But the plane disappeared about 10 minutes before reaching its destination, soon after requesting permission to start descending in heavy cloud to land.

It is just the latest air accident in Indonesia, which has a poor aviation safety record and has suffered major incidents recently, including the crash of an AirAsia plane in December with the loss of 162 lives.

On Monday a search plane spotted debris engulfed in smoke near Oksibil and another aircraft was being sent to check. Villagers had already reported seeing the plane crash into a mountain on Sunday and spotted wreckage.

A team of rescuers, including troops and police, were heading to the area on foot but will have to battle through dense forest to reach the remote site, which is at an altitude of about 8,500 feet (2,600 metres), according to officials.

"The area is steep and is covered by dense forests... There is no road, no access at all," said Papua military spokesman Teguh Pudji Rahardjo.

There was no word yet on whether anyone might have survived the crash.

- Angry families -

Relatives of passengers were becoming increasingly frustrated at the lack of hard news, with some shouting "We want confirmation!" and throwing a table at a crisis centre set up by Trigana Air at Jayapura airport.

"My family and I have been gathered here for hours. We want to know the fate of my brother, Kepi Deal, who was on board the plane," Rifan Wea, one of about 100 relatives at the airport, told AFP.

"We want to know whether he is dead or alive."

After the plane failed to land at the weekend, Trigana Air sent another flight over the area to hunt for it but the aircraft failed to spot anything due to bad weather.

Captain Beni Sumaryanto, Trigana Air's service director of operations, said the weather was "very unpredictable" in the area where the plane went missing and he believed bad conditions had caused the crash.

Small aircraft are commonly used for transport in remote and mountainous Papua and bad weather has caused several accidents in recent years.

Last week a Cessna propeller plane crashed in Papua's Yahukimo district, killing one person and seriously injuring the five others on board. Officials suspect that crash was caused by bad weather.

Trigana Air, a small domestic airline, has experienced a string of serious incidents and is banned from flying in European Union airspace.

Last year's AirAsia crash was one of two major air accidents that Indonesia has suffered in the past year alone.

The second incident happened in June when an Indonesian military plane crashed into a residential neighbourhood in the city of Medan, exploding in a fireball and killing 142 people.

The aviation sector in Indonesia is expanding fast as the economy booms but airlines are struggling to find enough well-trained personnel to keep up with the rapid growth.

Revelations by BN spokesman show Najib meddled in 1MDB probe, says Azmin

The Malaysian Insider2 hours 10 minutes ago Share 2 Tweet PrintDatuk Seri Najib Razak "deliberately interfered" with the 1Malaysia Development Bhd (1MDB) investigations, going by revelations from Barisan Nasional's (BN) communications director, PKR deputy president Mohamed Azmin Ali said today.

He said BN strategic communications director Datuk Abdul Rahman Dahlan's interview in The Sunday Star yesterday showed Najib had resorted to the "drastic action" to "save his own skin".

"From Rahmans account, the prime minister unleashed a flurry of action in order to prevent himself from being prosecuted.

"We take it that this flurry of action refers to the PM sacking Tan Sri Muhyiddin Yassin and four ministers, replacing at lightning speed the attorney-general Tan Sri Gani Patail, disbanding the 1MDB task force and presumably ordering the IGP to unleash his own flurry of action raiding, arresting and transfer of Malaysian Anti-Corruption Commission (MACC) officers and interrogating Bank Negara personnel.

"What Rahman has said essentially means that the prime minister had deliberately interfered with an ongoing investigation that was being undertaken by the 1MDB special task force comprising the highest echelons of the nations law and regulatory agencies," Azmin said in a statement, adding, "To my mind, such an interference may amount to criminal acts both under the Penal Code and the MACC Act (Section 186 and Section 48 respectively)". August 17, 2015.

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L


HYPERLINK "https://sg.news.yahoo.com/revelations-bn-spokesman-show-najib-054751902.html" Please sign in to rate a thumbs-down0users disliked this commentLOKE 1 hour 8 minutes ago Report Abuse

According to ex-Bar Council President,Mr.Yong,Najib had committed 5 crimes.1.Corruption on USD700 Millions,2.money laundering without declaring his receipt of USD700 Millions.3.Broken Bank Negara rules,4.Registrar of Society Act on election funding over RM100,000 on each MP5.did not disclose and report to election Commission on financial report to EC after election.

Reply K


HYPERLINK "https://sg.news.yahoo.com/revelations-bn-spokesman-show-najib-054751902.html" Please sign in to rate a thumbs-down1users disliked this commentKama 1 hour 11 minutes ago Report Abuse

Azmin - Putting words into people mouth.. flurry of actions also could means getting PAC to be involved, tasks force of MACC, Police, BNM etc.. why would PM do these if he were to hide things. It like saying PKR claims on getting rid of Tan Sri Khalid is due to "betterment of Selangor" ... what betterment is PKR refering to as it created a rift between The PKR components specifically with PAS and to certain extend with Sultan of Selangor

Reply M


HYPERLINK "https://sg.news.yahoo.com/revelations-bn-spokesman-show-najib-054751902.html" Please sign in to rate a thumbs-down0users disliked this commentMathew 1 hour 21 minutes ago Report Abuse

Repeat after me, class: Najib is a criminal. Najib is a criminal. Najib is a criminal. (Sing along, CIMB brother.)

Reply L


HYPERLINK "https://sg.news.yahoo.com/revelations-bn-spokesman-show-najib-054751902.html" Please sign in to rate a thumbs-down0users disliked this commentLOL everyone 1 hour 16 minutes ago Report Abuse

So what do you expect him to do ? Do nothing and be a sitting duck ? Only stupid and useless people will just sit there and let the flying darts penetrate him

Reply M


HYPERLINK "https://sg.news.yahoo.com/revelations-bn-spokesman-show-najib-054751902.html" Please sign in to rate a thumbs-down0users disliked this commentMichael 1 hour 36 minutes ago Report Abuse

It is interesting how the "flurry of actions" to cover tracks are revealing even more......

Reply Azmin takes swipe at donations when announcing rise in Selangors reserves

By BY MELISSA CHI | The Malay Mail Online3 hours ago Share7 PrintRelated Content

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Azmin said he was confident the state will hit its estimated revenue collection of

SHAH ALAM, Aug 17Selangors state reserves has increased to RM3.7 billion as of August 13, Mentri Besar Azmin Ali said today.

He added that he was confident the state will hit its estimated revenue collection of RM2.2 billion as it has already achieved 94 per cent of the amount so far.

At the same time, we succeeded in recording the state reserve fund of RM3.7 billion, which is RM1 billion more than someones donations.

The amount increased from RM3.28 billion as of August 31, 2014 and RM3.2 billion on December 31 2014, he told the state assembly today in response to Sekinchan assemblyman Ng Suee Lims question on the states financial health.

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Q


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentQiu 2 hours 38 minutes ago Report Abuse

Malaysia needs such leaders who are responsible, accountable, ethical and has basically a good character. The question is how and when can those bad apples be put aside before they get even more rotten and spoil the whole basket.

2 Replies M


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentMajuMsia 2 hours 18 minutes ago Report Abuse

Under one term Selangor already manage to turn from red to black and Selangor reserve keep improving since then. It shows that we can still rescue our country by putting it under the right person.

Reply E


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentEiap 1 hour 26 minutes ago Report Abuse

Keep it up Selangor and Azmin! Good work, at least no need to hope for donations to improve state infra and welfare. How come only opposition states with surplus?? Any BN-run states recorded higher surpluses??

Reply O


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentOssam 1 hour 17 minutes ago Report Abuse

Why would anyone donate to Malaysia or Najib personally?

Why did we need foreign donation???

Why would the Prime Minister accept personal donation personally into his personal account???

Then quickly withdraw the money and close the account???

Reply T


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentT.Gopal 2 hours 10 minutes ago Report Abuse

well said. keep up the good work to current Menteri Besar of selangor. We need more leaders like him for been very responsible , accountable as well as getting everything in place. SELANGOR BOLEH !

2 Replies A


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentAngin 1 hour 48 minutes ago Report Abuse

Bravo Selangor Government on the healthy reserve ....... don't keep too much money but need to spent to improve on infra structure especially in coastal area ..drains need to be upgraded due to frequent flooding ......

Reply T


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentTony Yeow 1 hour 20 minutes ago Report Abuse

Azmin, a good show of good governance for the state of Selangor, the envy of the BN government except Johore.

Reply J


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentJim 7 minutes ago Report Abuse

AS a Selangorian, I am really proud to have efficient MB like Khalid & Azmin. And our respect to our Tuanku Sultan Selangor for putting his trust on capable MB like Khalid & Azmin. We all pray that Selangor will continue to have 'good MB'.

Reply J


HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentJim 10 minutes ago Report Abuse

Bravo Azmin. This is what we want to hear, increase state fund & reserve. If you can increase productivity and at the same time time, increase the state reserve & fund, this is what we call efficiency. Good works Azmin.

Reply 3users liked this commentPlease sign in to rate a thumbs-up

HYPERLINK "https://sg.news.yahoo.com/azmin-takes-swipe-donations-announcing-rise-selangor-reserves-042500475.html" Please sign in to rate a thumbs-down0users disliked this commentA Yahoo User 59 minutes ago Report Abuse

Khalid gagap must have stolen the Money to gv to pas

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