Mat shabu2 and Mat Baja. Tales by an unknown blogger. No 29

1. When mat shabu2 went to se-kin-chan, he complimented the Chinese padi farmers for their high yield and productivity.

2. By the way, the ADUN for sikinchan is a colleague of mine, Yb Ng who can speak Javanese and used the word berbai-ah. Wow that would surely win the hearts of religious mullahs.

3. The Chinese padi farmers can produce between 10 to 12 tons of padi per acre. Malay farmers can produce on average 6 tons per acre. Perhaps Chinese farmers eat Bak ku teh . Malay farmers don't

4. Mat shabu2 chided Malay farmers for their low productivity.

5. As usual, the poor are blamed for being poor. By chiding so, mat shabu2 repeated the oft cited reason for the poor being so. The reason being given by the UMNO bigwigs . Now repeated idiot-ly by mat shabu2.

6. But wait. Did mat shabu2 asked the sekinchan folks what Baja they used, do they employ technology such as cloud pesticides, variety of seeds and high yields padi seedlings, mechanised seed planting etc. do they cultivate knowledge and science? Ada Tanya?

7. Most probably they don't. They reject the baja issued by nafas and endorsed by the blasted MARDI, they refused the sub standard technology and farm equipments from nafas and so on.

8. On the other hand, Malay farmers are using products issued by nafas or other ' approved' suppliers. Malay farmers would rather sell Baja ex nafas which is endorsed by blasted MARDI.

9. These factors dear abang mat, probably explain the higher productivity of the sekinchan padi farmers. Not because of comparative industry or hardwork. Malay farmers worked day and night. During the day they toiled in the padi fields at night, they are busy making babies, their sinews stiffened by the day's work.

10. We have a rm1.8 billion Baja problem by nafas. Its an amount asked by nafas for the supply of inferior Baja supply over a period of certain moths. Nafas proposed and the comprador bureaucrats in MOA gladly and hands rubbingly agreed.

11. It's 1.8b or 1500 a ton to 4000 a ton. As though the already inflated price could not take care of things like fluctuations in exchange rates or a hike in prices of Baja components. 1st round victory for the deep state. Earning abnormal profits.

12. Nafas the business entity with collaboration from MARDI proposed the astronomical price and it was agreed by the committee in MOA headed by the KSU. Hurrah!

13. It's a case of nafas proposes and the comprador bureaucrats at MOA dispenses. Equivalent to God!

14. We shall look at the Baja issue by looking at the role of nafas, its technical collaborator MARDI and the capricious comprador bureaucrats at moa. mat shabu2 has no inkling about these.

15. When I asked a business friend if he wants to participate in the supply of fertilizers to moa, his answer is, it's an exercise in futility. As in like the charge of the light brigade.

16. All ministries have got cartels. The uninitiated minister will never know these people are playing circles around them. A thicko like mat shabu2 more so . He's drowned in people's adulation of him only.

17. In the baja case, it's a goner. If there are 5 areas, 3 are already reserved for nafas and 2 left are for favored companies. So where got chance. Isn't our efforts seem like the charge of the light brigade?

18. These people give out Ang pows, pay for their decadent lifestyles, pay for holidays, house renovations and pay for frequent 'massat' services. Do we stand any chance,?

19. The capture of the business given out by the government is another gloss of the hak istimewa bumiputera dan orang melayu. The overzealous officers at moa implement them with gusto .and while doing it, they make hay while it shines . Or while diving, they drink the water too.

20. Let's face it. Since 1972, nafas has always been the hotbed for UMNO robbers. Before and since my time, UMNO operatives are tripping the legs of one another to get on the board of nafas . They want posts of directors or as officers.

21. Because by getting a leg in the doors of nafas, they can shovel as much money as possible.

22. The slogan of "berjuang untuk bangsa, agama and tanah air" has got much traction and resonance among the doltish, dopey and thick headed officers in MOA and elsewhere.

23. Takpe, beli dari depa- mahai sikit takpe, support melayu!

24. In the name of demi bangs agama dan negara you can no longer bamboozle the malays into blindly supporting. The claims that whatever you do are to achieve these aims are farcical and sham .

25. The fight for the interests of the downtrodden, the farmers the lumpenproletariat is only true in so as people's interests coincide with the interests of the manipulators.

26. And just who are notorious for making these false claims? The answer is UMNO.

27. Because nafas is just an extension of UMNO and actually it's surrogate, by definition it makes the same false claims. If it has the opportunity to impress and immiserate the people it will without guilt do so.

28. It is without falsities, that in the 1920s, the Malay thinker, ZAABA said the greatest oppressors of the Malay race come from among their own kind.

29. Nafas being a surrogate and extension of UMNO is doing just that when it charges the government 1.8b and more .

30. So why should we believe UMNO and it surrogates? UMNO and its surrogates and 5th columnists is toxic to the Malay race and will be condemned to the dustbin of history

31. So when analysts say that BN can win 70 seats in the next election they are angan2 mat jenin. Just who are these analysts? Their ideas found resonance only among doltish and dopey Malay extremists and stragglers within UMNO.

32. I said 1.8b and more didn't I? It is reported that greedy and ravenous nafas put up a further 1.2b Variation Order or VO.

33. Nafas puts up and the comprador bureaucrats at moa, concurred.

34. What does this point to? The undeniable existence of a deep state in MOA. The collusion between business (nafas) and high officials in the MOA. Mat shabu2 does not see this.

35. How do you eliminate these dirty deeds? Certainly not by the doing painting or doing embroidery way or going to the dinner way eating pasembok or nasi kandaq beratok way. If you just carry out the polite and temperate ways, you are just perpetrating the dirty deeds.

36. No! You do it by the revolutionary way. By the violent overthrow of the dirty needs and punishing severely its perpetrators.

37. It means reconstituting nafas in its entirety. Get rid of the UMNO operatives. Dismantling the deep state in the MOA. Get rid of the monopolistic and most favored suppliers.

38. These are changes with bigger repercussions that throwing mics on stage or spending overnight at MAHA .

39. It's change or more of the same. On which side is mat shabu2? On the side of change or on the side of more of the same?

40. I am not finished yet. In the next article I shall discuss the rice issue. See you! Title.

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Other matters, mat shabu2, mat beras and mat baja

1. Don't be slighted by the name calling. It's only a style of writing. Adds spice to the rendition. Otherwise it will be a bland academic treatise. Mat Sabu himself has made many 'unmentionables' of pmx in the past. To add color to his speeches. To excite the audience.

2. I criticize my fellow comrade to the nth degree. I take no prisoners. But I do it not for the purpose of unseating him. That's the task of the opposition and his detractors. My purpose is to correct his errors and what I think are aspects of mediocrity. Mediocrity is the stock in trade of UMNO people only. Everyone in Malaysia is clever . Except UMNO people.

3. I am not big on this reformasi thing. I prefer the revolutionary methods. Shock the system. The people in nafas and the nefarious cartel in MOA can thank their lucky stars I am no longer mp or God have mercy, not the agricultural minister. If not I will sack the entire BOD of nafas( consisting of UMNO operatives anyway, dismantle the nefarious deep state in MOA. These people can deny the facts until they are blue in the face, but all is not well in MOA and must be uncovered without any sentimentalism.

4. People in the loop will of course deny the existence of cartels or deep state or the prevalence of monopolistic suppliers. If you ask a thief whether he is one, until a cat grows horns, he will say he is not. A thief not caught will say he is an honest person .

5. If you ask Najib about SRC or 1MDB, he says unashamedly, he does a mad Alfie, what me know. Yet an imbecile like him is our PM . It can happen only with UMNO.

6. It's not up to these people to say of their innocence. We the people and the state will say so.

7. When sacking the BOD of nafas and dismantling the deep state in MOA don't get sentimental over it. Especially if the entities are peopled predominantly or by all malays . No sir !

8 . In fact, there is absolutely no correlation at all between having an organization headed by a Malay and the organizations success and prosperity . On the other hand the failure of many organisations is precisely because they are led by dishonest malays. Look at felda, risda, mahb, mas , ltat, the list goes on. These organisations are plagued by rampant corruption. You know the saying. Kalau tak membelit bukan India, kalau tak menipu bukan cina and kalau tak rasuah bukan melayu.

9. These organisations ought to be led by people with MPH. These are qualities of meritocracy, pragmatism and honesty. These transcend issues of ethnicity and religiosism.

10. hey! I don't care if the cat is black or white as long as it catches mice. If a Chinese were to say disparagingly of a Malay, you would condemn the Chinese person as chauvinist, racist or anti Malay. And you call that person as apek or nyonya tua!

11. But what if now a Malay such as I, am to to chastise these malays? I am calling a spade ,a spade.what do you make of a most 'agreeable' person such as I?

12. The Malay supremacists, especially from UMNO rednecks will quickly say I am a traitor to his own race, a turncoat, a Benedict Arnold, Lim kit siangs running dog. The akmals of the world will huff and puffed like the swines they are and call for a public lynching.

13. The religious fakirs, fakers in skullcaps and baju melayu and the religious fuckers will call me a murtad or an apostate.

14. Let me assure you that these colorful descriptions of I, is no skin off my nose. They are itchiness on my backside to which some gentle scratching is most agreeable . Especially if done by a female companion.

15. I will stubbornly but resolutely write and expose these mischiefs especially if committed by members of my own race. Ethnic kinship is no guarantee you don't do these mischiefs.

16. Batu kikir jambotan bosi, masak gulai sebelango, Cuba lah Waris fikir dalam hati, essei dah lamo tak berbini!

17. It's no accident, that a long time ago, the Malay scholar from batu kikir negri sembilan, ZAABA said the biggest oppressors of the malays are members and leaders of their own KIND!

18. Pardon me, I can't hear of the word batu kikir. I must break into a quartain or pantun.

19. And please don't give me that crap about hak istimewa orang melayu dan bumiPUTRA

20.its like Samuel Johnson said, nationalism is the last refuge of the scoundrels. Translated it means hak istimewa orang melayu dan bumiPUTRA is the last refuge of the scoundrels, crooks and bastards.

21. I don't believe in the reformasi approach. This is the method preferred by the cafe latte socialists and those influenced by Fabian socialism like the aristocratic tun Razak. If you don't break the ruyung you will never get the sago.

22. I much prefer the revolutionary approach. You know a revolution is not like making an embroidery, doing a painting, eating pasembok with Teh tarik or eating nasi kandaq beratok.

23. It the approach, cannot be so temperate, so controlled so goose stepped. It is the violent overthrow of a corrupt and a decadent regime by a revolutionary regime with principles.

24. Translated, it means the total structural change in nafas, the elimination of the deep state in MOA and the dismantling of other monopolistic supply arrangements.

25. When lee kuan yew said that whoever governs Singapore must have that iron in him, means for Malaysia, the jokers who head any ministry , must have the iron in them .

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Mat ayam, mat telur, mat beras and mat Al Baja.

1. Mat Sabus penchant for theatrics is well known. During a speech on stage be threw a microphone.

2. He entertains the crowd. The crowd loves that. They roared. The say, 'hebak abang mat'.

3. He continues to enthrall crowds with his smooth folksy speeches. His Penang slang helps to increase the hilarity . That helps him to lose himself further.

4. He is a consummate performer and orator. Losing himself earns him the nickname mat shabu2.

5. I am told if you consume that wretched stuff, you would taken to a different level of consciousness or unconsciousness. With all the theatrics and antics on stage, the description as mat shabu2 is appropriate.

6. Next we are told that abang mat shabu2 spent overnight sleeping at MAHA. Hoorah,! Terror abang mat. He worked his ass off. But that is a sign that a hollow man hasn't got substance to show. Hence all the external camouflages.

7. We are amused but not impressed by these theatrics. What we are more interested in is whether mat shabu2 can translate whatever clownish acts he does, into general improvement in the agricultural and food security issues.

8. Can he galvanize the idle lands to food production and varied agricultural pursuits? Can he reduce the value of food imports? Can he employ technology to food production and varied agricultural pursuits? Will he dismantle the monopolistic stranglehold of some institutions over the supply of strategic agricultural inputs? Will he dismantle the presence of the nefarious deep state in the agricultural sector? And so on.

9. Can he make the availability of cheaper financing to agricultural actors? Will he amplify increase of knowledge, skills and training to agricultural actors?

10. Improvement in these areas is more valuable than mat shabu2 sleeping overnight at MAHA.

11. We are indeed amused but not impressed by superficial theatrics. Where's the beef abang Mat?

12. Because of the many problems plaguing the agricultural and food security industry, he has many names associated with the problems .

13. Mat Sabu becomes mat shabu2 becomes mat ayam, mat telur, mat beras and now the bugbear of the agricultural industry, mat baja.

14. The fact is , Mat shabu2 doesn't bother to know and learn about the industry. He thinks it's enough to be a careerist and do a half past six job. Hence the need to cover defects with theatrics. He is, sadly part of the kakistocracy problem of Nana Nons cabinet of imbeciles. Sorry bro.

15. He should be going around the states convincing them to commit idle lands to agricultural and food production pursuits. Instead of going to China and looked askance at the astronomical prices of durians. And then issuing envious and sour grapei-sh statements that Chinamen are making abnormal and indecent profits.

16. The question is why can't Malay growers despite all help from the Malay centric government can't? Which really mean the Malay officers in the relevant departments are not helping. Or that Malay farmers can't grease the officers as liquid as Chinamen do.

17. There is simply no positive correlation of having Malay government officers and success of Malay farmers.

18. So don't give that crap about having Malayness in the industry as a Sina qua non for Malay success and prosperity. That's BS!

19. Has mat Sabu ever heard of yubari melons, yamazaki, Alfonso or carabao Mangoes? Why not encourage our farmers to grow these using appropriate technology to increase farm incomes?

20. Has he heard of the brothers in Kuala Selangor and Tanjung Malim successfully rearing wagyu and Angus cattle? Or the uncle in Tanjung Malim successfully breeding Chinese sturgeon using appropriate technology? Or the uncle rearing empurau fish? While government institutions with unlimited funds and amidst all the grandeur failed?

21. Can he convert the theatrics into reducing the value of agriculture and food imports? Such as varying the supply sources. No need to import salmon from the west. You could get them nearer such as from Vietnam (where they successfully breeds it) from China , from India etc.

22. Does he recognize the value of appropriate technology in enhancing agricultural and food production? Thereby possibly raising farm incomes? For example the Malay brother who successfully cultivated figs using greenhouse technology. Perhaps the same technology can be used to produce other food products. Yubari melons, Miyazaki mangoes, apples. Or the Chinese entrepreneurs rearing empurau, the people using technology to successfully breeds freshwater lobsters, groups,(kerapu). Or abang mat knows only techno-coli?

23. Most important has he eliminated the monopolistic practices in the supply of farm inputs? Such as the monopolistic practices controlling the supply of rice and Baja? And eliminate the presence of the deep state in the MOA? That is the collusion of high officials and businessmen set up to capture govt businesses?

24. These are important than the antics of throwing mics and slumber parties at MAHA.

25. In the next part we shall discuss the issues of local rice scarcity and the Baja issues. So lookout for a mat beras and mat Al Baja!

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Fashion Valet: the final say. Tales by an unknown blogger no.26.

1. I thought I have finished writing about FV. Others have done a better job than I. It is, until I heard what the 2nd minister said. In parliament. They were idiotic statements.

2. FV was a clear example of a dumb spending by a government institution. Using taxpayers money.

3. The fact is 47m of taxpayers money was parted off carelessly. It lost 43, 44. Khazanah sold off that investment for 3m. Clever!

4. What can you call it? Other than a dumb spending. Of taxpayers money. Khazanah is surely smart spending OPM. Other people's money.

5. Sure venture capital is riskier. Doesn't it mean khazanah has to be doubly sure? Mana risk management analysis? Were risk management analysis tools religiously used.?

6. For failing to apply the greatest of care over dispensing of OUR 47m, the khazanah chief should be removed. It's strictly business,!

7. Where does it say he must be spared? Because he is a gomen servant? Because he is a Malay,? Worse, because he possibly is an UMNO stooge?

8. Let me digress a little. Sukarno says, the lot of our race becomes worsen because of treasonous and treacherous acts of same race saboteurs. Zaaba said malays suffer most at the hands of leaders of the Malay race .

9. So pardon me for not attaching much value to claims that you are a Malay leader and that you fight for agama bangsar ,dan tanah air. BS!

10. The khazanah chief betrayed our trust on all these counts. He ought to be crucified .

11. So what did the Tom Selleck moustached 2nd finance minister said? Which we think were idiotic?

12. Among other things he said we're:- FV has got potential. It's heralding the usage of digital commerce. E commerce. Give opportunity to khazanah to conduct it's JCB audit. You know - the tractor that scratches its own bottom? Robert Mugabe said if you scratch your arse, you can't avoid smelling the stink.

13. We must stop thinking that what a minister says is definitive and unchallengeable. They are not the final arbiters of being correct. So too, the officials in the minister think they are the final arbiters of definitive answers.

14. If they think in that hubristic manner, furnish us your reasons. Let a samdol economist like me analyse them.

15. Like Christopher Hitchens said. I reserve the right to challenge any dogma , majority opinions, consensus. If you don't like it, cue up to kiss my arse. When you do , tell me .

16. If you don't know who Hitchens is, that's your funeral! Read him sometimes.

17. FV has got potential. After 5 consecutive losses it's a miracle that its even considered . Maybe it imported some stripteasers to entertain the horny khazanah honchos.

18. FV certainly has potential. The potential of a bed bug. That gives you unbearable itches. The potential of a leech. That feeds on you blood.

19. The indian matcha, aney and Babu in sentul has digitalized and e-commerced his beetle nut distribution business, will khazanah invest in him? Pak akob in raub has done a similar thing for his sambal hitam business. Will khazanah invest in him?

20. So Mr tom Selleck of our finance Ministry, don't piously serenade us with the has potential BS. After 5 consecutive losses, FV has potential boggles the mind. The minister must be reading rare books in business, economics and business. We are not privy to that so we shut up do we?

21. Hey, I have the potential to impregnate a thanuja or an Elizabeth tan. Will I be rewarded or punished?

22. Asking us to give opportunity to khazanah to carry out its own audit is an indefensible request.

23. It doesn't sound as someone keen on reducing and eradicating possible corruption and other financial sleight of hand.

24. It looks suspiciously like a CYA( cover your ass) initiative.

25. Khazanah will probably come out with a 2501 paged report justifying its silly investment. Just like Najibs defense counsel announcing a 2500 paged brief intended to intimidate us all.

26. If we are serious about corruption call for an independent forensic audit. Ingat ini Bollywood film kah,?

27. Why not the same request made for SPRM? Shouldn't SPRM be investigating khazanah for possible fraud?

28. That's why I say the statements issued by our tom Selleck of our finance ministry are idiotic.

29. The 3 reasons can be summed up as 1 heading, a big kelentong. A trump would say it's a fake.

30. let us now take on the bright boys of the finance ministry for their 3 reasons.

31. The 1st 2 reasons affected ALL. We must answer why they are particularly vicious on FV? The pandemic affected all. So why some of them not only survive but prospered? FV on the other hand went kaput?

32. Similarly changing e commerce platforms affected FV and those whose business used e commerce. So why others prospered but not FV?

33. The 1st 2 reasons are actually the Darwinian natural selection mechanism applied to business.

34. The mechanism is to weed out weak, the poorly and inefficiently managed companies.

35. Since the external environment is the same for all but only FV succumbed , then the fault, my dear Brutus lies with FV.

36. By definition, FV is weak , inefficiently and poorly managed company, spending on unrelated businesses or spending frivolously.

37. The 3rd reason is disingenuous, deceitful and mendacious. 47m not enough? Give 100m then, 10% for the do-gooder and vested interest people.

38. So now business people unite! Go before khazanah ask for venture funds saying you have potential and will use the latest e commerce platforms including,AI. Sure get maa!

39. So now Babu can market his beetle nut, Pak akob can market his sambal hitam and Mr poh can market his chee Cheong fun. All in up to in up to date packaging.

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TDZ, farewell to the oracle of Syed Putra. Tales by an unknown blogger. No. 25

1. First, Al-Fatihah to Tun Daim Zainuddin. Semoga Allah mencucuri rahmat keatas ruh nya. Aamiin.

2. TDZ as I called him died this 13 November 2024. My brother texted me. My daughter texted me. A friend also sent me the news.

3. I feel obliged to write this about him. He has befriended me. I was planning to write something about his court charges. That will wait. As of now, let me write about him as a person. From my little acquaintance with him

4. I think it was circa 2009 or 2010. I was an ex-Adun. Not selected to stand again in the 2009 election.

5. I got a call. From a lady named May I think. She was secretary to TDZ; "TDZ wishes to see you"

6. I regarded that as singular honour. I said yes.

7. Later I found out he wanted to see the person behind the Sakmongkolak47 blog .

8. That was the start of a lifelong friendship with TDZ. At that time his office was his building in Jalan Syed Putra or Lornie road .

9. If I am not mistaken, the building was called Yayasan Pok Rafeah. After his mother.

10. Also if I am not mistaken he has a photo of his mother in his room. He also hung a picture of his daughter and newborn cucu.

11. I met him regularly after that. I picked on his brains. Mostly about politics and social matters.

12. I wrote a number of articles of my meetings with him. They were titled "the Oracle of Syed Putra". On account of his prescient insights.

13. After the 1st article I wrote, the secretary called me. She said, "if Tun knows you write verbatim, he would be more circumspect". I knew then TDZ was a careful man.

14. One of the things I remember most was something he said about corruption. He said how to eliminate corruption, if the number 1 in the ministry is hands in glove?

15. Btw, the interviews were in bahasa campur. Malay and English. He, in his Kedah accent.

16. He was a simple man. Smallish in size, always in open sleeve shirts. Never saw him in in blazers or coats.

17. He can be quite witty at times. He lets off guffaws at his own jokes. Once I brought Aziz Nong Chik, Rosmah's ex husband to see him. He wanted the services or advice of a geologist.

18. After explaining who Aziz was - TDZ as a matter of factly said to Aziz, congratulations Rosmah has make it big.

19. He then moved to his building at Wisma Ilham. I saw him a number of times .

20. I was saddened to see him wheel chaired into court early this year. I shall write about that latter .

21. I regard it as a singular honour to be counted as his friend. So together with many others who were closer friends to him, I bid adieu to him. Al Fatihah, semoga Allah mencucuri rahmat keatas ruh nya. Aamiin.

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Fashion Valet: The Haute Couture of mal-investment. Tales by an unknown blogger. No 24

1. I wrote a cynical article on the FV issue. It was laced with sexual innuendos. It was written intentionally that way, in anticipation of the sensational narratives around the FV issue.

2. As expected, the narratives missed the point. These narratives were more interested about the lifestyle of the perpetrators, their decadent living etc, how 2 saintly looking couples couldn't have fleeced 47m of tax payers money

3. The lady looked saintly wearing a tudung some more. The hubby looks timid and possibly henpecked. Together they couldn't have committed the dastardly act.

4. These kind of narratives intended only to divert our attention must be the handiwork of just reached puberty social media operatives. And some mainstream newspapers. Probably by boys who had frequent liaison's with Mrs palmer and her 5 daughters. The piece de resistance of the issue, the dissipation of 47m of taxpayers money wasn't meticulously analysed.

5. They spin and spin about the peripheral stories about FV but the crux of the issue, the parting and eventual dissipation of 47m of taxpayers money wasn't delved into with a fine tooth comb.

6. We are regaled by the decadent lifestyle of the principal founders, their secret transactions, their assets , their questioning by SPRM etc.

7. All these are but derivatives of the massacred 47m obtained by deception. It is that which ought to be the focus of our attention.

8. How is it that the chief of Khazanah buta2 signed and approved the endowment of 47m?

9. It must be the product of lackadaisical, exlangorious, insouciant and half arsed attitude. Or he could be promised some forms of gratification - money or sexual

10. Or the ease by which he signed and approved the 47m endowment, was because he was commanded to do so by the fuhrer of Khazanah at that time, the now disgraced Bossku.

11. We are reluctant to analyse the elephant in the room, namely the poorly managed portfolio selection of khazanah. poorly managed investment policies caused the dissipation of the 47m.

12. Apart from the social media tending to report the sensational aspects of FV, I am extremely exasperated at the failure of people heading our GLCs.

13. So pardon me for writing a ' yellow ' article earlier in anticipation ,as expected, the media more interested in reporting the sensational aspects of the FV issue . So there is a reason for my pornography laced article.

14. It's not absolutely sacrosanct to have people of a particular race heading our GLCs. MAS , MAHB, Felda, Risda, mara and so on failed because of incompetence and because they got their positions on affirmative tickets. Malu lah!

15. The common denominator is that the heads of these GLCs are malays. It may not mean malays are useless but it can mean the choice of them to lead GLCs is defective or over the years they get denuded and compromised. The solution is to replace them.

16. In removing them, don't get sentimental because their names have a 'bin' in them. It's business, nothing to do with sentimentalism.

17. In the FV case, it's a dereliction of his duties as leader of Khazanah . The poorly managed investment policies may be caused by poor judgement, technical incompetence, corruption and so. He has displayed a blatant disregard of the red flags coming from FV or was deceived by the appraising FV team .

18. The FV debacle may in fact represent only the tip of the iceberg concealing a more generalized poor management of investment policies. And to say that the losses made through FV are minimal compared to the overall earnings of Khazanah is the height of deception and officious hubris. Just because they are Khazanah officers they can act tough. Bollocks!

19. What is to done? In a businesslike decision, remove him and suppress all sentimentalism. Oh, he's a bumiputera la and so on.

20. What about the idiocy of the team appraising the feasibility of FV? Is it incompetence at play here?

21. What technical tools were they using when assessing FV? Tell us please for there are some of us who understand economics , business and accounting? Did they employ a CBA analysis



for instance? Or did they allow themselves to be guided by non business reasons.

22. The team leader maybe besotted with the nubile attractiveness of people in FV. Then it's a case of the dickhead out-thinking the cerebral head.

23. Let me touch a bit on the ramifications of statements issued by Mr Tony Pua on the FV issue.

24. Don't listen to UMNO idiots responding to what Pua said. They will not waste the opportunity to make what they understood what Pua said into political capital and even a racist issue.

25. Let's look at FV from different angles. When Pua said investment in venture capital is fraught with dangers, it behoves the people at Khazanah to exercise a greater degree of care when assessing FV. Clearly the people at Khazanah did not . How can it be said that Pua countenanced what FV and Khazanah did?

26. By saying that Khazanah invests in FV but not in Grab, the point is not that once Pua said Grab is owned by Rosmah. We don't know that do we?:

27. The Chinamen behind Grab may have used the bloody lady as a front and make her out as the paper owner. Possible?

28. The point now is, FV owned by a malays is entitled to be invested in while Grab which is essentially owned by Chinese is allowed to sink or swim in the free market

29. By choosing FV over Grab for example, Khazanah has allowed racial considerations to get the better of them . That is the point!

30. Accordingly, don't give me that crap about hak istimewa orang melayu or bumiputera stuff. It's not a provision protecting looters, robbers, mediocrity or sloveness. Under it bumiputeras are not entitled to be treated favorably, entitled for pardons, considered for house arrest etc .

31. Let's not misuse the affirmative provisions as a refuge for scoundrels, cheaters, looters, ne'er do wells, charlatans, spalpeens, whoresons and mofos .

32. And that's why asking Khazanah to do an internal audit wasn't well thought out. Khazanah will write up an exhaustive report justifying spending the 47m concealing the looters and robbers and perhaps citing it's for a bumi cause.

33. Most social media operatives tend to write about the sensational aspects of FV. Fortunately there are a few upright souls calling a spade, a spade. They don't give a damn about the ethnicity of the perpetrators committing the wrong. a wrong is a wrong is a wrong. Whoever commits the wrong must be accountable for it.

34. Let's not turn our country into a Darul Rasuah. We have got an Aegean stable to clean . From all the shit excreted by UMNO over 60 years. God have mercy on us !

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The sleazy scandal of Fashion Valet. Tales by an unknown blogger. No 23.

1. The most distressing business news lately is the 43m loss incurred from the sale of private business, fashion valet.

2. The loss, said khazanah national and PNB is minimal when compared to the overall earnings of the 2 government entities.

3. Hooray (Sic) we are comforted by this CYA rationale. We can sleep peacefully tonight and continue more pleasurable activities, given the assurance.

4. Khazanah and PNB have got a phalanx of investment analysts. They must have exercised great care to part with 47m of tax payers money. They know it's not their father's money .

5. But allow a 'samdol' economist like me look at fashion valet from a few angles .

6. I shall speak bluntly and frankly using my colourful language. Accordingly I must caution that children should not read my analysis without parental guidance. Those with prudish values shouldn't either.

7. The fact is, we have a 43-44m loss. It must be caused by several reasons. The ones that come readily to my mind are as follows:-

8. Professional negligence and incompetence brought about by the usage of f-ed up analical tools, refusal to take remedial actions even when fashion valley continuously underperform in terms of profit and economically etc.

9. First we must ask, is FV an attractive investment portfolio. If it is a deficits making entity, why was it even considered for a 47m endowment? Apa pasat?

10. Was it because it's a bumiputera company, it must be accorded hak istimewa bumiputera treatment and must be treated with kids glove. Or was it because it becomes attractive because it offers the possibilities of clinton-esqe groping, caressing and trump-like fingering?

11. Hello mofos, Najib went to jail for 42m. This 43--44 million repurposed, is theft by other means. Off with their heads, underpants and knickers!

12. Did the team from khazanah and PNB used the bottom up, top down, fundamental, PE,ROE, earnings per share and dividend yield, book value methods and so on?

13. More likely to me, the team used the bottom up, top down methods. And in this case also the under the table method and the dick penetration analysis methods .

14. The udtm and dpam. These are novel investment methods very in vogue in Malaysia for a long time .

15. You know, under the bottom up and top down methods, instead of looking at things like management competence, pricing power or economic and industry trends , the idiots look at other things .

16. The bottom up and top down methods, they possibly look at the angle of the bump for easy penetration. These are more influenced by variables like thrust of the pole at the hole, pressure at the pressure at the breasts etc.

17. These are better at explaining the f-ed up 43m loss don't you think? 18. Trying to mollycoddle us by saying that this 43m loss is minimal when compared to the overall earnings of khazanah and PNB, invites the typical retort of pekan people, kepala bapak awak.

19. We are discussing the particular losses of FV not the overall earnings of khazanah and PNB. The others are doing well perhaps due to fortuitous reasons and intrinsic strengths of the other portfolios and not due to the competence of the mofos at khazanah and PNB . So don't talk cock!

20. The FV loss was due to top management's lackadaisical, languorous and half asrsed attitude toward the investment. Buta2 signed and approved.

21. It was due to the particular team's incompetence appraising FVs attractiveness by using f-ed up analytical tools or not using them at all. It was just a gut call and anything from the gut stinks.

22. By ignoring the fact that FV has incurred 5 consequtive losses but still considering it still an attractive portion is blasphemous in the financial world. 22. Still considering it an attractive portfolio.....

23. This strongly suggests that FV is considered good because the appraisers were motivated by other reasons.

24. Perhaps it's the pay-under-the -table tool. It could be ad valorem or nominal sum.

25. Otherwise the appraisers used the dick penetration analysis. This method could be bottom up or top down analysis. Both involved the thrust of the pole at the hole and pressure at the boobs.

26. Readers may not like my description of the methods. Nevermind. Let the investigative authorities establish the reasons and describe them in typical bland ways

27. Let's move on to the company. We are not interested in the personalities behind the company. We look at the bottom line not the people's bottom

28. If the principal owners, because of their idiocy think they can resign and escape accountability,they have another thing coming. They can resign and enjoy their millions but accountability follows them .

29. If they have obtained the 47m of taxpayers money by deception and it's illegal they must go jail. Irrespective of that full restitution of the 47m must be enforced

30. As the Malay says, there's no rain and thunder, a spokeswoman from the company says there's no fraud, no scandals.

31. That unsolicited statement makes people more determined to find out whether there was fraud and scandals. Malaysians love scandals.

32. Finally, don't give me that shit about hak istimewa bumiputera. Hak istimewa bumiputera does not mean the miscreants who are malays can and are entitled to do anything they pleased . Or because they are malays they must be treated with kids gloves and the law applied on them gently.

33. Or they are entitled as of right to be groped, caressed, stroked and fingered seductively. Nahi! Nein!

34. Samuel Johnson said that nationalism is the last refuge of the scoundrel. He was lamenting the misuse of nationalism.

35. Let's not misuse the hak2 istimewa bumiputera to protect scoundrels, thieves, charlatans, whoresons, spalpeens, ne'er do wells and mothereffers.

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