Tuesday, April 19, 2016

The RM2.6 Billion Came From the Saudis?

Last Friday, Saudi Foreign Minister Adel Al-Jubeir revealed that the RM2.6 billion donation to the prime minister came from his country. He had emphasized that the donation was genuine and that there were no strings attached.
Parti Amanah Negara (Amanah) president Mohamad Sabu was then reported by news portal Malaysiakini as saying on Sunday that the said public admission that the money came from Saudi Arabia showed Malaysia and Prime Minister Najib Razak had been bought over.
Not just the Saudis lah – the Chinese too!
In November-December 2015, China had bought two multi-billion-dollar strategic assets from Malaysia’s debt-laden state-owned investment firm – and this will allow it to expand its influence in the country while throwing a lifeline to embattled Najib.
The 1MDB acquisitions made China Malaysia’s largest foreign investor in 2015, leapfrogging the US of A, Japan, EU and Singapore.
Ironically, China’s acquisitions came at a time when Najib’s ruling UMNO party have ratcheted up anti-Chinese rhetoric, accusing the ethnic minority of trying to usurp political power from the Malay majority.
And yet, very surprisingly, the response from the Malay core to China’s purchase of the country’s strategic assets has been markedly muted.
Given all these developments – are we still a sovereign nation, I wonder?
Yesterday, I was in Bangsar to attend the KL Advanced Toastmasters meeting. I was a speech evaluator for CC #7. I didn’t think the speech objectives were met – but then again, that was only my personal opinion.

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