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Monday, December 19, 2016

Goodbye 2016, a strange and difficult year


The year will be remembered for the West ending its romance with globalisation, and its impact on the rest of the world.

JUST a few days before Christmas, it is time again to look back on the year that is about to pass.

What a strange year it has been, and not one we can celebrate!

The top event was Donald Trump’s unexpected victory. It became the biggest sign that the basic framework and values underpinning Western societies since the second world war have undergone a seismic change.

The established order represented by Hillary Clinton was defeated by the tumultuous wave Trump generated with his promise to stop the United States from pandering to other countries so that it could become “great again”.

Early in the year came the Brexit vote shock, taking Britain out of the European Union. It was the initial signal that the liberal order created by the West is now being quite effectively challenged by their own masses.

Openness to immigrants and foreigners is now opposed by citizens in Europe and the US who see them as threats to jobs, national culture and security rather than beneficial additions to the economy and society.

The long-held thesis that openness to trade and foreign investments is best for the economy and underpins political stability is crumbling under the weight of a sceptical public that blames job losses and the shift of industries abroad on ultra-liberal trade and investment agreements and policies.

Thus, 2016 which started with mega trade agreements completed (Trans-Pacific Partnership) or in the pipeline (the Transatlantic Trade and Investment Partnership between the US and Europe) ended with both being dumped by the President Elect, a stunning reversal of the decades-old US position advocating the benefits of the open economy.

2016 will be remembered as the year when the romance in the West with “globalisation” was killed by a public disillusioned and outraged by the inequalities of an economic system tilted in favour of a rich minority, while a sizeable majority feel marginalised and discarded.

In Asia, the dismantling of the globalisation ideal in the Western world was greeted with a mixture of regret, alarm and a sense of opportunity.

Many in this region believe that trade and investment have served several of their countries well. There is fear that the anti-globalisation rebellion in the West will lead to a rapid rise of protectionism that will hit the exports and industries of Asia.

As Trump announced he would pull the US out of the TPP, China stepped into the vacuum vacated by the US and pledged to be among the torchbearers of trade liberalisation in the Asia-Pacific region and possibly the world.

The change of direction in the US and to some extent Europe poses an imminent threat to Asian exports, investors and economic growth. But it is also an opportunity for Asian countries to review their development strategies, rely more on themselves and the region, and take on a more active leadership role.

China made use of 2016 to prepare for this, with the Asian Infrastructure Investment Bank taking off and the immense Belt and Road Initiative gathering steam.

Many companies and governments are now latching on to the latter as the most promising source of future growth.

The closing months of 2016 also saw a surprising and remarkable shift in position by the Philippines, whose new President took big steps to reconcile with China over conflicting claims in the South China Sea, thus defusing the situation – at least for now.

Unfortunately, the year also saw heart-rending reports on the plight of the Rohingya in Myanmar, and the deaths of thousands of Syrians including those who perished or were injured in the end-game in Aleppo.

On the environmental front, it is likely 2016 will be the hottest year on record, overtaking 2015. This makes the coming into force in October of the Paris Agreement on climate change all the more meaningful.

But there are two big problems. First, the pledges in the agreement are grossly insufficient to meet the level of emissions cuts needed to keep the world safe from global warming, and there is also insufficient financing to support the developing countries’ climate actions, whether on mitigation or adaptation.

And secondly, there is a big question mark on the future of the Paris agreement as Trump had vowed to take the US out of it.

The biggest effect of 2016 could be that a climate skeptic was elected US President.

In the area of health, the dangers of antibiotic resistance went up on the global agenda with a declaration and day-long event involving political leaders at the United Nations in September.

There was growing evidence and stark warnings in 2016 that we are entering a post-antibiotic era where medicines will no longer work and millions will die from infection and ailments that could once be easily treated by antibiotics.

The world will also be closing in a mood of great economic uncertainty. In 2016 the world economy overall didn’t do well but also not too badly, with growth rates projected at 2.4 to 3%.

But for developing economies like Malaysia, the year ended with worries that the high capital inflows of recent years are reversing as money flows back to the US.

The first in an expected series of interest rate increases came last week.

All in all, there was not much to rejoice about in 2016, and worse still it built the foundation for more difficulties to come in 2017.

So we should enjoy the Christmas/New Year season while we can. Merry Christmas to all readers!

Global Trends By Martin Khor

Martin Khor (director@southcentre.org) is executive director of the South Centre. The views expressed here are entirely his own.


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Global Reset 2016~2017

Be wary of these four types of financial predators


REGRETTABLY Malaysia seems to be fertile ground for all sorts of scammers. Just yesterday I received a text message from Bank Negara Malaysia, warning me not to open emails that claim they are from BNM and ask for payment verification.

The newspapers report every month on hundreds of Malaysians losing millions of Ringgit to all sorts of financial predators.

These are the four types of financial predators you should be aware of.

Financial predators that are selling you something amazing (for them). Some financial predators are trying to sell you something and only later you find out that the item is not the best use of your money at all.

Watch out for these financial predators:

* The pyramid scheme operator who is selling you products which sound expensive and technologically sophisticated, but are worthless.

* The shop owner, who recommends expensive or high margin products, which turn out to be unpopular or old products to increase his profit or clear his inventory.

* The property agent, who pushes you to purchase a house despite knowing that there is a price correction coming. He just cares about getting his commission.

* Financial predators that want to make you rich (but make you poor instead).

Other financial predators are not selling you a product, but a dream: to be rich one day. You would be amazed to find out how much people are willing to spend in their pursuit of this dream. You can get rich in many ways, but not nearly as many, as ways in which you can get scammed.

For instance, consider:

*The investor or trader that is selling you currency, gold, stock or property with the promise of extremely high returns. Sometimes they don’t sell the assets, but a "secret" formula or (software) tool to always make a winning trade. Don’t fall for it!

* The prince, minister, lottery winner, retired general and other personalities which will reward you with a slice of their wealth. If first you pay some legal / custom fees.

* The fake lottery / contest predator, that tricks you into thinking you won a sizeable sum of money. You just need to pay up some administration fees before you can redeem your prize.

* The scratch & win agent and casino operator. “The house always wins.” You will bring more to the casino operator than he will give back.

* The (soccer) bookie, who extends upfront credit for you to place more bets and win back your losses. But if you keep losing, his friendly helpfulness will quickly vanish.

Financial predators that "just" want to help you (into bigger problems)

Some financial predators pretend they just want to help you – some may even say they have nothing to gain from it. Be aware of these sophists!

* The financial planner that gets more commission the more financial products you buy. Never mind whether you really need all that insurance and other financial products.

* The loan shark that will give you better rates or quicker disbursement than the bank, but asks much higher interest rates in return.

* The salesman that is selling you expensive insurance on top of your car / phone etc that already have guarantee from the manufacturer.

* The car dealerships and stores who encourage you to take their own (more expensive) financing plans instead of your bank's instalment plans.

* The financial predator that is in love with you (or is it your money)?

* And then finally, the financial predator that lures you with dreams of romance. This one is the saddest of all, because doesn’t everyone deserve more genuine love in their life?

And isn’t it heart-breaking to see how scammers toy with people’s strongest desires, just for monetary gains?

Be aware for online girlfriends and boyfriends that contact you out of nowhere. Don’t be surprised when you find scammers that try to deceive you with romantic talk in the darkest of alleyways on the Internet (or just around the corner on Facebook and other social media apps).

Especially be wary if you have never seen your new love in real life or (s)he is a foreigner and needs your money in order to pay for visa or flights or to pay off local debts before (s)he is allowed to leave.

As you can tell, Malaysia and the world are full of financial predators. Don’t fall prey to them and become their lunch.

By Mark Reijman The Star/ANN

Mark Reijman is co-founder and managing director of https://www.comparehero.my/dedicated to increasing financial literacy and to help you save time and money by comparing all credit cards, loans and broadband plans in Malaysia. Keen on joining the team as a writer, then email mark@comparehero.my

Friday, December 16, 2016

Settle Batang Kali massacre case, Britain told by the European Court of Human rights

International court orders amicable resolution over 1948 Batang Kali killings 


KUALA LUMPUR: The British government has been ordered by the European Court of Human Rights (ECHR) to seek an amicable settlement over the Batang Kali massacre, in which its soldiers killed 24 innocent villagers on Dec 11 and 12, 1948.

https://batangkalimassacre.wordpress.com/2015/04/20/batang-kali-killings-britain-in-the-dock-over-1948-massacre-in-malaysia/
Civilians lie dead in Batang Kali, in 1948

It was also told to submit a written explanation on the merits of the massacre and state its position for a friendly settlement by Feb 7, said MCA vice-president Datuk Dr Hou Kok Chung.

The ECHR made the order recently after conducting a preliminary examination of the complaint filed by the victims’ families that London had violated Article 2 of the Euro­pean Convention on Human Rights, which protects the right to life, by endorsing the massacre.

Britain has been a signatory to the European Convention since 1953, when Malaya was still its colony and its residents were considered subjects under British rule.

“The descendants of the victims have for years asked the British government for an apology, compensation and construction of a memorial, but all these have been ignored.

“So, they turned to the European Court. We hope the British government and the families can reach an out-of-court settlement,” said Hou yesterday at a press conference attended by the victims’ families and their lawyer Quek Ngee Meng.

Hou said the massacre, in which British courts had held their government responsible for the killings and ruled that the victims were not linked to communist insurgents, was “an issue too big to be ignored”.

“Though many years have passed, justice must be done and the inhumane killings must be recorded. There is a need for governments to learn from history. Let history educate people.

“During the Emergency in 1948, a lot of Chinese suffered and lived in fear,” said Hou.

The British declared emergency rule on June 18, 1948, after three estate managers were murdered in Perak by the Malayan Communist Party (MCP), an outgrowth of the anti-Japanese guerrilla movement which later turned anti-colonial.

During the 1948-60 emergency rule, Chinese were rounded up into “new villages” as they were suspected of being sympathetic to MCP. On Dec 11, 1948, British troops entered the plantation village of Batang Kali, Selangor, and questioned the rubber tappers about the MCP but to no avail.

The next day, they loaded the women and children on a military truck and shot dead 23 men, after killing one the day before.

This massacre was claimed by the British as the “biggest success” since the emergency began, and its official parliamentary record in 1949 described the killings as “justified”.

But in 1970, the episode was given a twist when several soldiers involved in the operation told British media of their guilt over shooting innocent civilians.

In July 1993, survivors of the massacre petitioned for justice after the British Broadcasting Corporation did an independent documentary on the saga.

The survivors took their battle to the British government and later to the British courts with the help of international human rights groups.

Now their descendants are continuing the struggle for justice, this time with the help of MCA.

By Ho Wah Foon The Star/ANN

Related posts:

British Massacre - Batang Kali Victims win UK court scrutiny 

Agony of British Massacre Victims' Descendants in Batang Kali, Malaysia 

Batang Kali massacre by the British: justice for the dead! 

Batang Kali massacre: British soldiers admitted unlawful killings 

Batang Kali British Massacre Victims have a legal respite 

British Massacre - Batang Kali Survivors and kin seek inquiry and damages 

 

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Wednesday, December 14, 2016

Corruption among the privileged rampant! Graft probe in Sabah almost done

Perak Ruler warns against corruption committed by high-ranking individuals


TANJUNG MALIM: The Sultan of Perak, Sultan Nazrin Muizzuddin Shah, is concerned about the corruption and criminal breach of trust committed wantonly by highly-educated and high-ranking individuals and on a large scale.

“Allah has stressed that humans should not take for themselves the property of others through methods disallowed by Islamic law.

“It is equally wrong for one to hire false witnesses or give bribes to judges with the intention of influencing a decision to enrich oneself.

“Property acquired through such methods is tantamount to cruelty and oppression of others,” he said at the state-level Maulidur Rasul 1438H celebration here.

On judges, Sultan Nazrin said that a human being, conscious and fearful of God, would realise that his duty was entrusted to him by God.

“A judge should not be so bold as to change the law in his judgment to wrong what is right and to right what is wrong because it is a sin in Allah’s eyes to do so.”

Sultan Nazrin said history had shown many a government and civilisation collapse because of acts of embezzlement and corruption, greed for material possessions and abuse of power.

“In the history of Islamic governments, many among the leaders of the Bani Umaiyyah (Umayyad Caliphate) and Bani Abbas (Abbasid Caliphate) were preoccupied with worldly pleasures and willing to use their wealth to remain in power.”

He said that as followers of Prophet Muhammad, every Muslim should instil in themselves the determination and willpower to be incorruptible and trustworthy.

In Kuala Terengganu, the Sultan of Terengganu, Sultan Mizan Zainal Abidin, urged Muslims to avoid quarrelling among themselves and forming factions, reports Bernama.

He said Muslims should have an open attitude and practise tolerance so they can live in peace with each other, hence receiving the blessings of Allah.

“With the theme of the Maulidur Rasul celebration this year being ‘Islamic Solidarity: The Foundation of Muslim Unity’, it is only apt to use Prophet Muhammad as the best example.

“The Prophet did not use force, but changed people by being exemplary and with the spirit of brotherhood, love and care for the welfare of the community, which led to the formation of a sovereign Islamic community in Madinah.”

He said Prophet Muhammad had left mankind two legacies, namely the Quran and the Sunnah (sayings and teachings of the prophet).

Source: The Star/ANN

Graft probe in Sabah almost done


KOTA KINABALU: The Malaysian Anti-Corruption Commission (MACC) is one step closer to completing its probe on the suspected graft and abuse of power in the Sabah Water Department.

MACC deputy chief commissioner (operations) Datuk Azam Baki said investigators had pored over nearly 12 tonnes of documents and would be submitting the investigation papers to the Attorney-General’s Chambers soon.

He said MACC officials had spent nearly a month analysing 8,000 payment vouchers between 2008 and 2016 from tens of thousands of documents.

The documents were seized from 30 locations around Sabah, including Kota Kinabalu, Tawau, Sandakan and Lahad Datu.

Azam said 28 people including the department’s director and two of his deputies were detained during the course of their investigations since early October.

Also detained were 23 divisional and district engineers and two more individuals who are involved in the case.

MACC also recorded statements from 200 witnesses, Azam added.

He said MACC also seized properties and cash and froze bank accounts, unit trusts and other assets totalling some RM114.5mil within and outside the country.

Azam said 137 MACC officers from headquarters as well as various divisions and states were involved in the investigations.

In the scandal, several Sabah Water Department officials are being investigated over allegations that they abused their power by awarding contracts to 38 companies owned by their families or cronies to siphon off federal funds.

MACC investigators have implicated top department officials in connection with the siphoning of RM3.3bil worth of federal allocations for state rural water projects since 2010.

Azam had been reported as saying that certain individuals in the department may have collected as much as 27% to 30% in kickbacks from the contracts awarded.

MACC investigators are also looking into suspected money laundering activities in their bid to recover some of the RM30mil that has reportedly been stashed in overseas accounts.

By Ruben Sario The Star/ANN

Related:

MACC analyses 12 tonnes of files in Sabah graft probe

Graft probe into Sabah Water Department uncovers another S$10 ...


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Friday, December 9, 2016

International Anti-Corruption Day, Work with MACC to fight corruption, Malaysians urged

United against corruption for development, peace and security


Aerial group photo of staff in Geneva simulating the Sustainable Development Goals logo on United Nations Staff Day. UN Photo/Jean-Marc Ferré.  "On International Anti-corruption Day, let us reaffirm our commitment to ending the deceit and dishonesty that threaten the 2030 Agenda and our efforts to achieve peace and prosperity for all on a healthy planet." — UN Secretary-General, Ban Ki-moon

Every year $1 trillion is paid in bribes while an estimated $2.6 trillion are stolen annually through corruption – a sum equivalent to more than 5 per cent of the global GDP. In developing countries, according to the United Nations Development Programme, funds lost to corruption are estimated at 10 times the amount of official development assistance.

Corruption is a serious crime that can undermine social and economic development in all societies. No country, region or community is immune. This year UNODC and UNDP have developed a joint global campaign, focusing on how corruption affects education, health, justice, democracy, prosperity and development.

The 2016 joint international campaign focuses on corruption as one of the biggest impediments to achieving the Sustainable Development Goals (SDGs).

what you can do.

Work with MACC to curb graft, Malaysians urged

Raising awareness: Dzulkifli (second from left) handing out caps, posters and leaflets to members of the public at the KLCC LRT station during MACC’s walkabout session held in conjunction with International Anti-Corruption Day.

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has urged the public to work with the agency to curb graft and make the country a corruption-free nation within three years.

Its chief commissioner Datuk Dzulkifli Ahmad said efforts to combat corruption and abuse of power did not lie exclusively with MACC and should be supported by the society at large.

“Firstly, we must hate corruption. Secondly, we must reject corruption and thirdly, the people must cooperate with MACC to fight corruption and abuse of power,” he told pressmen yesterday during a MACC walkabout session held in conjunction with International Anti-Corruption Day.

Dzulkifli said he appreciated the support given by people regardless of age, race and religion because “corruption is detrimental to all layers of society”.

The MACC team and NGO volunteers distributed leaflets to RapidKL LRT passengers at 15 stations during the walkabout.

Among others, the leaflets stated that corrupt practices also included those who offered bribes to officials or made false claims for work or services done.

“If one does not report a corrupt practice, one is passively encouraging corruption and allowing the corrupt to walk free,” it said.

“Tax money and resources that are meant to build the country are being wasted or siphoned for personal gain, and the quality of goods and services provided would be poor.”

In Kota Baru, Bernama reported that at least three high-profile cases with losses worth millions of ringgit were being probed by Kelantan MACC.

State director Datuk Moh Samsudin Yusof said investigations were still in the early stages involving organisations, individuals and senior government officials.

“The cases are related to tampering with government revenue, hindering revenue collection, incurring government losses and carrying out development project without following the rules,” he told reporters after opening the state-level International Anti-Corruption Day celebration yesterday.

A total of 31 investigation papers have been opened in relation to complaints of corruption in the state this year.

By Loh Foon Fong The Star/ANN

MACC: Fight corruption with us


Commission urges public to be proactive


PUTRAJAYA: Drawing parallel to the Liverpool FC anthem You’ll Never Walk Alone, the Malaysian Anti-Corruption Commission (MACC) is calling upon the public to play a proactive role and work closely with them to nip all forms of corruption in the bud.

In saying that the fight against corruption was a never ending task, MACC deputy chief commissioner (prevention) Datuk Shamshun Baharin Mohd Jamil (pic) said the anti-graft body would continue to carry out its duties in accordance with the three key pillars – free, transparent and professional.

<< MACC deputy chief commissioner (prevention) Datuk Shamshun Baharin Mohd Jamil.

“Let me put on record that as long as there is a report, we will probe the alleged wrongdoer, and this includes politicians.

“We don’t need to refer to others or wait for the green light to start an investigation.

“As far as we are concerned, we will go after any shark or small fry in the public or private sector, regardless of their background, position or social status.

“Our target over the next three years is to clean up the public sector, particularly those involving enforcement authorities, local councils and government-linked companies,” he said in an interview in conjunction with the International Anti-Corruption Day today.

Shamshun Baharin said while it was impossible to totally eradicate corruption, the MACC would do all it could to cut down such unhealthy practices.

“Frankly, there is not a single country in the world with zero corruption.

“But our continuous anti-graft efforts have started to bear fruit and get strong public support.

“We have also received international recognition. Some countries have requested to sign MoUs to share our expertise,” he said, citing Bhutan, Bangladesh, Iran, Pakistan and Mongolia.

Shamshun Baharin said battling public perception was still its biggest challenge, and that the MACC was also trying hard to convince people to give information and lodge reports.

“Whistleblowers are worried about personal safety and that of their family members, so they choose to remain quiet.

“But this will permit wrongdoers to continue with their wicked ways for personal gain,” he said, adding that the Witness Protection Act 2009 and the Whistleblower Protection Act 2010 could be used to protect the identity of informers and keep them safe.

Shamshun Baharin said public expectation was high and that the people were scrutinising all cases, especially those involving big names and seizures, and alleging that the MACC was being selective.

“But they fail to realise that we only have investigative powers.

“Prosecution is solely in the hands of the Attorney-General while the courts decide on the verdict,” he said.

By Simon Khoo The Star/ANN

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