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Jumaat, 23 Disember 2011

Ahli Parlimen Kota Belud

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Ahli Parlimen Kota Belud


Illicit outflow of fund, a rebuttal for Lim Guan Eng

Posted: 23 Dec 2011 01:32 AM PST

The Global Financial Integrity (GFI) report once again stirred things up in Malaysia. It cited Malaysia as number five in its list of countries having the most illicit flow of fund in the world in 2008. And without missing a beat, the opposition was quick to accuse BN with outlandish claim of bleeding the country dry in billions of dollars through corruption. Typical.

Amidst listening to the chest thumping rhetorics from Lim Guan Eng et al., I suspect many people may have missed out several important points arising from the GFI's report. I shall highlight some of them here.

Firstly, it is interesting to know that GFI insists on reminding the public that contrary to the popular belief, corruption is not the main cause of this huge illicit flow of fund. GFI estimates that between 60% to 65% of the total global amount of US1.2 trillion (in 2008) was due to commercial tax evasion activities and 30% to 35% was due to criminal activities such as drug trafficking, human smuggling, racketeering etc. GFI estimates only about 3% was due to corruption.

Secondly, although the report did estimate that corruption was about 3% of the total amount globally, how much of it is Malaysia's portion is anybody's guess. Why? Because the report did not specifically detail out how corruption was the main cause for Malaysia except to say that "pervasive corruption" normally the reason for developing countries. This uncertainty is further validated when the report itself concluded that "it is difficult to point out the reasons behind this massive illicit capital outflow without carrying out in-depth country case (of Malaysia)."

Thirdly, the GFI report pointed out that human smuggling was one of the biggest causes for illicit outflow of fund from developing countries. A recent report by insightcrime.org put human smuggling as the second highest income earner for criminals globally.

The government is fully aware that human smuggling is big business for criminals in Malaysia. These criminals use Malaysia as part of their global operation. Since Australia is apparently the favorite final destination, both countries tried hard to eradicate it. This culminated in the idea of "Malaysia Solution". Had the idea been allowed to take off, a big chunk of the illicit outflow of fund from Malaysia would have been greatly reduced.

Fourthly, GFI chief Raymond Baker personally insists that global illicit flow of fund is largely driven by commercial tax evasion activities, especially by the western Multi National Corporations (MNCs). These MNCs are manipulating serious loopholes and fundamental weaknesses in the global financial system.

These loopholes and weaknesses somehow facilitate the mushrooming of global shadowy tax havens, secrecy jurisdictions, disguised corporations, anonymous trust accounts, fake foundations, trade mispricing and money laundering techniques, all of which are the favorite tactics employed by the MNCs. No one really knows who the final beneficiaries of those accounts are because the laws in the tax haven areas protect the real owners' identities.

According to Mr Baker, the MNCs rampantly use underpricing, overpricing and transfer pricing methodologies. For example, in its simplest form, the MNCs' operations in the developing countries would under price their exports when they sell their products to obscure corporations based in the tax havens of the British Virgin Island or the Cayman Island. These corporations are believed to be related to the MNCs themselves. By doing this, the MNCs deliberately register "huge losses" in the developing countries they are based in. They then transfer the profits to the tax havens' jurisdictions. This is ostensibly done to avoid paying taxes which in the end resulting in huge illicit outflow of fund from the developing countries as evident in the GFI statistics. Sadly, all this is considered legal or at least permitted under the current western based financial system which the GFI vows to fight rigorously.

The GFI further claims that current laws permit MNCs to report its global financial standings in one consolidated group statement rather than reporting them based on country by country basis. This has made the illicit flows relatively easy to conceal. If by tomorrow, a new set of laws mandates the MNCs to publish their profit and loss statements based on the countries they are operating in, we will immediately see these activities ceased, as no global corporations dare to risk their corporate morals if they could be exposed.

Fifthly, most of the top ten countries listed are oil producing countries. This is not surprising since everyone knows MNCs in oil industry conduct extensive cross border transactions which could lead to illicit flow of fund activities. The report did mention Petronas in the Malaysian segment but unfortunately the GFI report's quoted source was merely some articles in the newspapers. Petronas swiftly denied it and promised to take legal action if the allegation did not stop.

Yesterday, the Prime Minister announced that a special task force would investigate and
look into the matter. I welcome the good idea. The amount is too big to be ignored. In fact, the special task force should talk to GFI.

I believe a more thorough study could reveal other elements unique to Malaysian experience which the GFI report may have overlooked. For example, if 2 millions foreign workers in Malaysia send RM300 monthly to their families back home using cheaper but unconventional transfer method such as black-market money changer, does it mean RM7.2 billion is bled away annually from Malaysia by the foreign workers sector alone? I hope the task force will shed some light into this much talked about illicit flows.

Illicit outflow of fund is a serious issue indeed. It impoverishes the poor, creates income gap, incite instability, reduces growth and cancels out foreign investments. It is, according to Mr Baker, the worse form of economic punishment the poor have to endure since slavery.

A lot still needs to be done. From reforming global financial system to ensure transparency and openness in conducting trans-border business. I am grateful that some countries are heading in that direction. Hopefully Malaysia will follow suit and be out of the infamous list in the years ahead.

Razlan's

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Razlan's


Selesai Krisis Ekonomi atas kebijaksanaan Tun M.

Posted: 23 Dec 2011 01:32 AM PST


Kecoh baru-baru ini apabila Anwar Ibrahim melaporkan yang Tun Mahathir pernah meminjam wang daripada IMF dan menuduh Tun M menafikan kenyataan itu.

Menurut Tun M, beliau tidak pernah menafikan yang Malaysia tidak pernah meminjam kepada IMF atau Bank Dunia. Malaysia meminjam dari mereka semenjak dari tahun 1958 lagi untuk membiayaai projek pembangunan negara dan sektor pendidikan.

Umum mengetahui, untuk sesebuah negara membangun, mereka memerlukan bantuan kewangan daripada Bank Dunia, bukan sahaja Malaysia malah negera-negara seperti Thailand, Korea dan sebagainya semuanya meminjam dari Bank Dunia untuk projek pembanggunan Negara.

Sebagai contoh, tempat saya duduki hari ini di Taman Salak Jaya, Perumahan ini telah dibangunkan dengan dana wang dari PBB dan telah dibangunkan pada tahun 1978.

Banyak lagi projek-projek pembangunan yang telah dilaksanakan demi untuk percepatkan pembangunan negara membangun agar cepat maju.

Krisis ekonomi 1997 telah menunjukkan Malaysia merupakan sebuah negara yang matang di bawah kepimpinan YABhg Tun M kerana berani menapungkan RM kepada 3.80 dan memberhentikan penggunaan wang RM500 dan RM1000 pada masa itu.

Ini telah membolehkan wang negara di bawa kembali ke Malaysia dan kita dapat mengelakkan rakyat kita berbelanja mewah dan mengalakkan kita berjimat cermat. Wang ini juga secara langsungnya dapat di bawa kembali ke Malaysia sekirannya ianya berada di luar negara.

Dunia telah mengitiraf Malaysia sebagai Cerdik didalam menangani krisis ekonomi, kita tidak perlulah diperbodohkan oleh Anwar Ibrahim yang sering kali mahu memburukkan negara sendiri di luar negara kerana mahu mencari publisti murahan.

Rakyat yang sayangkan negara sendiri tidak akan tergamak menjual maruah negara kepada dunia luar bagaikan kita memburukan ibu dan ayah kita kepada orang lain. Itu lah perangai Anwar!

Ikuti penjelasan Tun M  disini ...

MAS ERMIEYATI BTE HJ SAMSUDIN

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MAS ERMIEYATI BTE HJ SAMSUDIN


Posted: 23 Dec 2011 10:28 AM PST



  1. i'm so sad today ...i didnt get my Mini Pelamin for my son n niece..waaaa... wanted to cry..damn!!!! Boleh pulak time2 giini anak n laki dia sakit..sebab tu x dapat nak buat...ceh..aku dah merayu giler babi pun masih x lepas jugak...nak buat lagu mana...dah takde rezeki!!!
  2. Aku bosan tahap gaban...pasal mini pelamin, dah la siap setting utk majlis berendoi si kecik tu esok...masakkkk!!! pasal coke lagi!!! grrrrr.....
  3. im sad.....waaaaaaa.......thnx  XXXXX for the shoulder to cry on......at least kurang sikit tekanan gue....kita layan dululah lagu nie.....


NO AIR- JORDIN SPARKS

Tell me how I'm supposed to breathe with no air?

If I should die before I wake
It's 'cause you took my breath away
Losing you is like living in a world with no air, oh

I'm here alone, didn't wanna leave
My heart won't move, it's incomplete
If there was a way that I could make you understand

But how do you expect me
To live alone with just me?
'Cause my world revolves around you
It's so hard for me to breathe

Tell me how I'm supposed to breathe with no air?
Can't live, can't breathe with no air
It's how I feel whenever you ain't there
There's no air, no air

Got me out here in the water so deep
Tell me how you gon' be without me?
If you ain't here I just can't breathe
There's no air, no air

No air, air
No air, air
No air, air
No air, air

I walk, I ran, I jump, I flew
Right off the ground to float to you
With no gravity to hold me down for real

But somehow I'm still alive inside
You took my breath but I survived
I don't how but I don't even care

So how do you expect me
To live alone with just me?
'Cause my world revolves around you
( From: http://www.elyrics.net/read/j/jordin-sparks-lyrics/no-air-lyrics.html )
It's so hard for me to breathe

Tell me how I'm supposed to breathe with no air?
Can't live, can't breathe with no air
It's how I feel whenever you ain't there
There's no air, no air

Got me out here in the water so deep
Tell me how you gon' be without me?
If you ain't here I just can't breathe
There's no air, no air

No air, air
No air, air
No air, air
No air, air

No more
Baby
There's no air, no air
No air, oh!

Tell me how I'm supposed to breathe with no air?
Can't live, can't breathe with no air
It's how I feel whenever you ain't there
There's no air, no air

Got me out here in the water so deep
Tell me how you gon' be without me?
If you ain't here I just can't breathe
There's no air, no air

(No air)
(No air)
(No air)
(No air)

Tell me how I'm supposed to breathe with no air?
Can't live, can't breathe with no air
It's how I feel whenever you ain't there
There's no air, no air

Got me out here in the water so deep
Tell me how you gon' be without me?
If you ain't here I just can't breathe
There's no air, no air

No air, air
No air, air
No air, air
No air


psttt psssttt:

"someone gave me this song last  year...
hmm...x penah dengar pun b4 that..but bila dah dengar..wah cool jugak lagu2 Jordin Sparks ni..."


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