“While the newly appointed Finance Minister boasts that the country is in sound economic standing, the facts tell a different story. In 2008 already over RM 125 billion has been withdrawn from the country by investors weary of a government that has failed to implement a single reform to ensure judicial independence and that continues to use draconian laws such as the ISA to detain its citizens without due process of law” (Anwar Ibrahim in a press statement yesterday).

So, can anyone confirm this?

98 responses »

  1. sf says:

    Figure is just a figure, nobody can confirm it, but Fact is the fact. Poor gets poorer, rich gets richer, this is the fact.
    How sad…

  2. thepeople says:

    Abdullah Badawi has handed over the Finance Minister’s post to his deputy, but he is not letting Najib head Khazanah, the investment arm of the Government. Why is that so? Why did the Prime Minister create a Khazanah Deputy Chairman post for Najib, instead?

    These are just some of the questions the corporate guys are asking following last week’s portfolio swap. Suspicious lot, but they do have basis to wonder. The share capital of Khazanah, incorporated in 1993, is owned by the Min of Finance Inc. , after all. And it has stakes in more than 50 companies with assets valued at more than US$20 billion.

    These include in Telekom Malaysia Berhad, Tenaga Nasional Berhad, CIMB Group, Proton Holdings Berhad, PLUS Expressways Berhad, Malaysian Airline System Berhad, and Malaysia Airports Holdings Berhad, to name a few.

    That’s an awful lot for a Defence Minister to be concerned about …

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  4. ah long says:

    The fact remains that Malaysia CANNOT be completely unaffected by the Global financial meltdown.

    Every economy seems to be effected but NOT Malaysia? It is hard to believe, especially when the USA is one of our major trading partners.

    I have a sneaky feeling that things are going to get worst. I think the US economy going into melt down will slow our own economy down as well.

  5. Taxy Driver says:

    I don’t think Anwar should put the entire blame of our economic stagnantation on the lack of judiciary reforms because history tells us our economy wasn’t doing that badly the past two decades. The wait and see stance taken by the overseas investors was due to the uncertainty in the political arena, in part. The other part is just that the whole world is grinding to a halt economically.

    Questions like, will there be a coup? (Let’s call it what it is, shall we?) Will the current PM survive to see through his economic policies? Will the Finance Minister propose stimulus packages to lessen the burden of doing business? Questions like those, rather than a lack of judiciary reform, plague the minds of would be investors. Faced with those uncertainties, businesses get worried. So, our neighbour to the south get to capitalise on their northern neighborhood’s potentially seesawing economic policies (if there be a change in government in the near future). We end up with FDIs pouring out or never coming in, as investors choose more stable grounds to do business on.

    As for the Finance Minister stating that our economic standing is sound, as much as I abhor his party’s political doings lately, he isn’t wrong. We do have good economic fundamentals. Its just bad times now. Of course, one would like to see the NEP-like FIC rules abolished for better competitive advantage, one based on merits (for real) rather than birthright, but Malaysia, as are many countries, isn’t really the textbook material for the economist’s perfect equilibrium case study.

    On the influence of evil draconian laws on the economy, at best, I’d say its merely perceived. Look at China. Draconian or no, human rights abuse and all, foreign investors are still falling over themselves to get in. Its plain and simple, albeit cold, demand and supply.

    So, no, I don’t agree with our former Finance Minister’s placement of blame for our loss of RM125b on those two political mileage points. As much as I do support his policies of transparency and equality, its leaning too much towards political scapegoating.

  6. thepeople says:

    Abdullah Badawi has handed over the Finance Minister’s post to his deputy, but he is not letting Najib head Khazanah, the investment arm of the Government. Why is that so? Why did the Prime Minister create a Khazanah Deputy Chairman post for Najib, instead?

    These are just some of the questions the corporate guys are asking following last week’s portfolio swap. Suspicious lot, but they do have basis to wonder. The share capital of Khazanah, incorporated in 1993, is owned by the Min of Finance Inc. , after all. And it has stakes in more than 50 companies with assets valued at more than US$20 billion.

  7. thepeople says:

    It is another day of shame for Malaysia when the Transparency International (TI) Corruption Perception Index (CPI) 2008 was unveiled, with the country placed at No. 47th position, its worst ranking in 14 years since the introduction of the annual TI CPI ranking in 1995.

    It is also the ultimate failure of the Prime Minister Datuk Seri Abdullah Ahmad Badawi’s campaign against corruption, which he promised to place at the very top of his agenda when he became the fifth Prime Minister five years ago –a campaign rich in paying lip service but doomed to failure as it lacked the political will to produce results.

    It is most ironic and tragic that one man who will feel most vindicated by the TI CPI 2008 is former Prime Minister, Tun Dr. Mahathir Mohamad.

    http://blog.limkitsiang.com/2008/09/24/abdullah-ultimate-failure-in-battle-against-corruption-malaysia%E2%80%99s-worst-ranking-in-14-years-of-ti-cpi-no-47/

  8. thepeople says:

    It is another day of shame for Malaysia when the Transparency International (TI) Corruption Perception Index (CPI) 2008 was unveiled, with the country placed at No. 47th position, its worst ranking in 14 years since the introduction of the annual TI CPI ranking in 1995.

    It is also the ultimate failure of the Prime Minister Datuk Seri Abdullah Ahmad Badawi’s campaign against corruption, which he promised to place at the very top of his agenda when he became the fifth Prime Minister five years ago –a campaign rich in paying lip service but doomed to failure as it lacked the political will to produce results.

    It is most ironic and tragic that one man who will feel most vindicated by the TI CPI 2008 is former Prime Minister, Tun Dr. Mahathir Mohamad.

    blog.limkitsiang.com

  9. malaysia says:

    Najib appeared to have promotion. But really, did he?

  10. ah long says:

    Maybe the cookie jar is too small, only one hand can fit inside at a time. Abdullah hand is still inside the jar so how to fit Najib’s hand in as well?

    Maybe Abdullah need more time to wipe off all his finger prints. He don’t want Najib to find anything that may be used against him.

  11. Drachen says:

    The world is facing a credit crunch, no thanks to the reckless Americans. BN’s bungling and fumbling is not helping one bit. I doubt if N can pull any miracles out of his hat. At least you can rely on PR to make better use of our scarce resources.

  12. amoker says:

    And the mamak finance minister 2 initially said that Malaysia economy would not be directly affected. I was laughing. Sure enough, the local KLCI went yo yo the next few days. Is he qualified to be a minister? He just go to official openings etc.

    And i like to see how the cabinet decide on the petrol price with the current fluctuation. They know that the best thing is to drop the price for Raya to gain more popular. Without the proper mechanism & timing, they will be hard pressed to be logical in their dealings..

    USD 120 – raise petrol by RM0.78
    USD 120 ( and Permatang Pauh election) – petrol down by RM0.15
    Hovering USD120 to USD109 – ?
    The sad thing is, almost the price of essentials increase by 20-40%. THe higher price was to offset the rise in fuel costs. The BN government has shot itself on the foot by jumping the gun. Good job!

  13. matt says:

    After reading patrick teoh latest article you wonder who to trust as after 6 months even in pakatan states contracts are also given to cronies.These politicians are about the same the difference being one is robber and the other a thief.

  14. kittykat46 says:

    Susan,
    I can’t confirm the number, but it is true many Billions of ringgit of funds have left the country in the last 6 months. This is even before the latest Wall Street meltdown.

    Depending on who you talk to, its due to the political uncertainty, lack of confidence in the economy’s short term prospects and Anwar’s maneuverings (hahaha !).
    I suspect the real reasons are a combination of all this… so Anwar may also be part of the problem….heheheee…

    But, in case the Anwar detractors haven’t noticed, BN IS in charge of the government, and the buck stops there. The country has been flying on autopilot since the March 8 elections. Public servants just turn up for work every morning and follow standard procedure. Insiders tell me THERE IS NO DIRECTION FROM THE TOP. No Policy initiatives, no reforms…..Nada..

    Have you ever worked in an organisation where you turn up for work every morning and just do your routine job as you understand it ? And there is no guidance, instructions and direction from top Management ? And you suspect top Management is all the time stealing the company’s money ?

    That’s Malaysia right now……would you be surprised all the foreign funds are leaving ?

  15. thepeople says:

    1. The goings on in the UMNO Supreme Council are supposed to be secret. So it was quite a surprise when the press reported some important details regarding the Supreme Council’s meeting on Thursday, September 18. What is even more surprising is that the reports expose the attacks against Dato Seri Abdullah Ahmad Badawi by several members of the council and their demand that the transfer of power should take place before the divisional meetings which would nominate the candidates for President.

    2. It appears that the words used by some of the members were very strong. Dato Seri Rafidah Aziz even attacked the roles played by Abdullah’s son-in-law Khairy Jamaluddin and the PM’s son, Kamaluddin.

    3. So harsh were the words used that Abdullah’s face changed and he was reeling from the onslaught when Dato Seri Najib Tun Razak, ever the protector of Abdullah, stopped the proceedings. Najib promised he would speak on the matter with Abdullah.

    4. It seems that the other Supreme Council members were not happy as once again controversial council matters were made into private deals between Abdullah and Najib. It is the kind of negation of council rights that both Abdullah and Najib had frequently resorted to. The two would later come out with decisions which were unsatisfactory to the council members. Najib would then stress on the need to be united and loyal to the President.

    5. This time around it is not going to be any different. When faced with a tricky problem Abdullah would consult his family members, usually his son and son-in-law but now also his wife.

    6. It is well known that the family is enjoying the power and freedom to shape Abdullah’s decisions based on their own personal interest i.e., to accumulate as much wealth as possible and to ensure Khairy’s political ambitions, including to become the country’s youngest Prime Minister.

    chedet.com

  16. thepeople says:

    7. I talked to potential investors and they told me they would not be investing and they are pulling out from the Malaysian stock market. The KLSE figures show how much market capital has disappeared. I am told that it is more than 100 billion Ringgit.

    8. In the meantime the prices of oil and foodstuff are high and may go higher. But incomes are not increasing. In other words we are experiencing inflation. When the American financial crisis really hits us we may not be able to handle it.

    9. Dato Seri Najib Tun Razak’s appointment as Minister of Finance has come at a crucial time. I pray and hope he will be able to handle the impending crisis. If he fails then he will have to take the blame. Dato Seri Abdullah is now only involved in social issues, reform (of what?) and Islam Hadari. Appropriately he has taken over the Ministry of Defence.

    10. We are in for a very interesting time. The PM should read carefully SAPP President Yong Teck Lee’s press statement. But I don’t think he would. He is reputed to have told Malaysian diplomats undergoing training that if they are asked critical questions they should “buat bodoh” i.e. pretend to be stupid. I believe that is precisely what Abdullah would do to Yong’s statement.

    -mahathir

  17. Lallang exile says:

    it’s ironic that someone who is instrumental in causing the outflow in investments out of the country is blaming all this on others.

    ask any foreign investor and they will tell u the current instability – especially the numerous self imposed datelines on defections – caused by anwar is exarcebating an already fragile investment climate in view of the US meltdown.

    of course, bn is at fault too, but at the moment, the biggest destablising force in the country is no other than himself, the chief mat jenin.

    figures asides, the value of khazanah’s investments have also gone done amidst the currrent worldwide stockmarket falls.

  18. Anon says:

    He`s baaaaaccckkkk

  19. alvin lee says:

    if it is true that foreign investors are pulling out of Malaysia, i do not believe they are doing so because of ISA or things like that. They are here to do business. what has ISA got to do them them?

    I believe our present political uncertainty is the major factor and here Anwar is partly responsible.

  20. Fredrick says:

    The ruling party is loosing its popularity by the day. It knows that. This is due to a bunch of corrupt people whose motivation to govern is due to the largesse available in this rich country (relatively speaking). But when Investors come to see the real situation they become apprehensive on where they are putting their money at. Unless we have a change of government, it is not likely that we are going to improve much more than what we see at present. The money goes but to a few. The investors will shy away.

  21. Menyalak-er says:

    KK46, has hit the nail on the head.
    Just to give you an example of how more billions are fleeing – Maybank’s on-off acquisition of BII, which even Temasek won’t touch; the ongoing battle betw. Ananda and the Indons regarding Maxi’s acquisition fiasco.
    A lot of stuff is hidden, but it is difficult to know the exact amount as there is no proper auditing – there being a huge ‘slush-fund’. EPU?
    The FDI’s are coming in at a snails pace, while our entreperners are running all over the world trying to set up operations elsewhere. So much for their confidence level. Many are burnt, due to lack of foresight and planning, for example in Sudan and other African countries. They were led by our useless ministers by their noses. Malaysian businessmen are now considered only good at signing MOU’s and nothing beyond that!
    The top civil sevice, i.e. JUSA’s can’t be bothered by the political shenanigans. But they are always being pressured to insidious pressure to help the cronies of their ministers. Although the majority are beyond corruption, they were of a different generation. But their lackeys – they are a ‘wonder and miracle’!
    They have literally refusing to do what is beyond their call to duty, esp. after the tongue lashing by dopey and temujin’s conscience last week – who insisted they remained ‘neutral’ while being subjugated again.
    Many, sneered at these 2 clowns, because there was never a precedent that all top gomen servants had to congregate at the behest of the PM @ such short notice! Is the nation stable? Hahaha…
    The country is now run by a demoralized civil service, with no proper direction from their supposed political masters.
    In a way, they are much more powerful than the rubbish politicians… because the latter come and go, while the former remains entrenched.
    Meritocracy? Ampuism more likely, but there are exceptions, and they will be plain to see when and if the new gomen is beyond ‘kaki-bodek’ism.

  22. temenggong says:

    What this means is that the recent exit of foreign investment funds amounting to about RM 1 billion lead to a drop in market capitalisation of about RM 125 billion.

    The weak economy is the prime cause of the flight of capital, as well as the possibility of a police state (recent ISA arrests) and talk of foreign exchange controls like pegging of ringgit.

    Anwar and Pakatan is not a factor in all this; on the contrary, the possibility of a new liberal economist PM in Anwar would boost the market.

  23. Spokesman says:

    Is Anwar also to be blamed for Malaysia’s 47th placing for the most corrupt nations standing, as compared to fourth placing for Singapore,our immediate neighbor?

    No one wants to take the blame when things go terribly wrong….plain human nature.

    Why not give Anwar and Pakatan a try to see, if the standing drops below 10?
    Impossible? I say, possible!!! What say you? Lets try.

  24. Menyalak-er says:

    Yes, temonggong. The fiscal policies to date are not effective and with a 2009 bad-get that inflates the gomens deficit, it’s bad economics, and has no proper direction – wasteful!
    Miti is trying to do its best, but being directionless; Khazanah has too many hands on the till; Bank Negara is not monitoring fully; Bursa Saham is going into freefall; EPU is a political organization to gaurd the interests of the few.

  25. machitam says:

    no…no..! who said the economy is bad? who ever attempt to create tension by telling lies that the economy is bad….we will not hesitate to use ISA against them….

  26. matt says:

    Menyalak-er you mentoned miti,that hit a raw nerve, why let me tell you a true experience.My uncle brought a foreign investor to set up shop in Mal to the tune of 50 mil and guess what during the discussion with a miti official the guy had the audacity to ask for a cut from this foreigner.This investor looked at my uncle and walked out of the meeting and yes he did invest but in vietnam.The entire civil service is screwed to kingdom come thanks to policies laid by the current and especially the former peem.

  27. BobbyNZ says:

    Yeah Right!!! When he legalised short-selling in 1997, he did nothing to stop the Malaysian currency and stock markets to be devalued by 90% when they came under “ATTACK” by the CROOKS. Easily more than MR$500 billion were wiped out and never recovered to this day! What a joke his irresponsible and ridiculous claims now!!!!

  28. +9 says:

    someone had failed in 1997 finance subjects.

    that same someone trying to pull your nose again.

    grow up malaysia

  29. maxtor says:

    Dengar sangat lah cerita Anwar tu. Semua nak menghentam je, dah gagal menunaikan janji hari tu, banyak pulak cerita dia nak alih perhatian.

  30. Harrison says:

    BobbyNZ, I suggest you better go and study economics lah. Personally, I think you are a very confused (wo)man/ladyboy??? hahahahahahahhaha.😀

  31. Menyalak-er says:

    Hi matt, i can emphatize with your uncle and the investor.
    You see the problem actually doesn’t lie at the very top, except maybe in certain ministries and even in miti, the KSU (sec-gen) and dep.KSU’s have no direct dealings with the private sector, they’re policy makers.
    It the flurs below them in the pengarahs and lil’ nappies who are the corrupt ones, because they are the implementors! Potong a bit here and there… and we bleed to death! Which sane int. bus. was to invest here!
    I know some of the very top guns because of being varsity or social friends, and boy are they tearing out their hair! When they ask the aca and auditor gen. to investigate their own lackeys, they themselves are investigated! So why should they bother?
    The nappies (Little Napoleans) wreck the country’s economy!
    They should be tried under economic treason!

  32. Menyalak-er says:

    Oh another thing i want to add… the PR state reps are getting their underwear all twisted up because they have never in their lives dealt with the Feds, nor do they know how the system works! This was the feedback i got from my buddies.
    Take my word, some of the top flurs there are really neutral towards politicians. Yet the PR YB’s are so ‘tremblous’ and ‘nervous’ at meeting the policymakers, that they literally accuse them of being inefficent, corrupt etc. first and ask the most idiotic questions without any insight. Can you ask for help while you insult their integrity?
    One has to be like Teresa Kok, polite and respectful, because these chaps really know what can or cannot be done. Many of the others are antagonistic, and when they can’t get things going at fed level they cry foul!
    The subjugation of the civil service happened during mamakutty’s time, and now they are quite determined to reassert their independence!
    Want to improve delivery and economy? Learn quickly instead of politicising too much…

  33. suchfun says:

    BobbyNZ, is talking nonsense ! not like someone who had been to NZ or widely travel or got any economy brain. Bobby is a blind in economy.

  34. Phua Kai Lit says:

    With the depreciation of the US dollar, we are already getting poorer.

    This is because some of our foreign exchange reserves are held in US dollars

  35. machitam says:

    this BobbyNZ is a gambler and….this one of the goons that turn the stock market into a casino…

    The key word for our economy to be on track is reform….the policy, the law, environment i.e the economic climate. Since the gomen of the day is into the direction of failure, the gomen must change to create a conducive environment. that is the reality…

    i wonder why Bobnz is interested in the local stock???

  36. BobbyNZ says:

    Ever wonder why US and UK govts ban short selling??? Use your brains man! Anwar is the worst TRAITOR the nation has ever produced! Nothing but a CRONY or STOOGE of the CROOKS!!!

  37. BobbyNZ says:

    By the way, I got straights As for Economics in varsity!

  38. kittykat46 says:

    It wouldn’t happen to be the same university as the one the Seberang Jaya UMNO fella was alleged to be doing his “course” ?

  39. Joe says:

    BobbyNZ (16:15:30) :
    By the way, I got straights As for Economics in varsity!

    ROLLING ON THE FLOOR LAUGHING (ROTFL) HAW HAW HAW HAW HAW HAW

  40. machitam says:

    ya..ye..yeh……
    bobby is doing his phd in economics…and ….is ..hahahahhaheeheh

  41. BobbyNZ says:

    Ever heard the saying ; He who laughs last laughs best? What a laughing stock Anwar made himself declaring he has dropped the deadline for govt takeover. I am literally “ROLLING ON THE FLOOR LAUGHING” !!!! He probably afraid he would end up in Sg Buloh for another 6 years for corruption again!!! That ie using bribes to induce MPs to cross-over. Really taking us for a ride!!!!

  42. expose tianchua says:

    This is meow’s post from JMD blog.

    now, do u believe tian chua or his boss? neither, i say!

    meow (13:36:06) :

    JMD, as much as all the claims by DSAI and his fellow troopers are beginning to sound more hilarious by the hour, it seems to me that the desperation to change UMNO is also reaching its climax. Claims by PKR/TC that they are talking with PM and now DSAI saying that that was a misinformed remark just goes to show that their spinning are going out of control.

    http://www.themalaysianinsider.com/index.php/malaysia/9497-anwar-no-contact-with-pm

    On the other hand, I don’t know if this is just the works of spin doctors or just outright feeling annoyed by KuLi.

    http://www.themalaysianinsider.com/index.php/malaysia/9503-ku-li-government-and-umno-have-lost-the-plot-

    Whatever we say about DSAI/PKR certain people just prefers to believe otherwise. I guess the same is true for BN, the likes of PakLah supporters that still bent to have him sleeping on the driver’s seat.

    The more reasonable people I dare say should use a little bit more of their head rather than blind faith. The reality out there is that as a nation we are becoming more divided. The economy with gloomy global outlook is not helpful. Our politics with all these frogs loose, outrageous claims and counter claims, is becoming a laughing stock. As a citizen we should all select the right people to steer this beloved nation, based on capabilities rather than just hope and maintaning the status quo.

    This site has done a great feat at countering and presenting what DSAI/PKR stood for, their dirty tactics, and putting the real political scenario in its proper place. Never underestimate the importance with the site like this in guiding the younger people and giving hope to the masses that decides based on reasoning and not just faith……

  43. expose tianchua says:

    meow (13:36:06) :

    JMD, as much as all the claims by DSAI and his fellow troopers are beginning to sound more hilarious by the hour, it seems to me that the desperation to change UMNO is also reaching its climax. Claims by PKR/TC that they are talking with PM and now DSAI saying that that was a misinformed remark just goes to show that their spinning are going out of control.

    http://www.themalaysianinsider.com/index.php/malaysia/9497-anwar-no-contact-with-pm

    On the other hand, I don’t know if this is just the works of spin doctors or just outright feeling annoyed by KuLi.

    http://www.themalaysianinsider.com/index.php/malaysia/9503-ku-li-government-and-umno-have-lost-the-plot-

    Whatever we say about DSAI/PKR certain people just prefers to believe otherwise. I guess the same is true for BN, the likes of PakLah supporters that still bent to have him sleeping on the driver’s seat.

    The more reasonable people I dare say should use a little bit more of their head rather than blind faith. The reality out there is that as a nation we are becoming more divided. The economy with gloomy global outlook is not helpful. Our politics with all these frogs loose, outrageous claims and counter claims, is becoming a laughing stock. As a citizen we should all select the right people to steer this beloved nation, based on capabilities rather than just hope and maintaning the status quo.

    This site has done a great feat at countering and presenting what DSAI/PKR stood for, their dirty tactics, and putting the real political scenario in its proper place. Never underestimate the importance with the site like this in guiding the younger people and giving hope to the masses that decides based on reasoning and not just faith. However, right now between

  44. Chan says:

    Current capital flight from M`sia is Badawi`s intransigence. As even TDM said Badawi is a threat to National Security. Investors are absolutely fed up with Badawi`s false promises reflected in the country`s lowest ranking in 14 years in the Corruption Index. Badawi himself is seen as a most corrupt person.
    His great achievements include the Oil For Food Scandal, Yacht, Jet, Perth House, ECM Libra etc. His ministers are also seen as corrupt. Unbaked ass students of economics will not see this,

  45. BobbyNZ says:

    BTW, the CROOKS cant be of much help to Anwar as trillions have been wiped off from their financial institutions and markets!!! A taste of their own medicine. Certainly prove true Iran President’s words that this superpower is near its demise. Even Obama says he will transfer power to the UN if elected as the next President.

  46. Chan says:

    NZ Cuckoo talking rots here.

  47. exCIA says:

    Wah like that many of us undercover agents in Malaysia and elsewhere will be redundant man! May as well help ourselves with some of the monies alloted to induce corrupt politicians to switch camps.

  48. Ayoyosami says:

    What a joke!!! The exFinance Minister talking about Malaysia poorer by RM125 million when he was the cause of Malaysia almost going bankrupt in 1997/8!!! I have to give him 10 upon 10 on the Hypocrite Index lah.

  49. Ayoyosami says:

    PKR’s latest logo is (_o_). Can you figure out what it symbolises?

  50. Chan says:

    Hypocrite Badawi was with the gang that was victorious in May 13. What a joke. And he is still at it.

  51. Chan says:

    Thambis died in Taman Medan when Badawi was DPM. No action.

  52. Economist says:

    If our country is poorer by RM125 billion (approx US$35 billion), we must remember US is poorer by US$Trillions! That show how little Anwar understands Economics. Tak boleh become PM lah. He is but a moron with a big mouth.

  53. Chan says:

    Badawi arrested children who wanted to give roses. Even crab catchers are higher class than badawi.

  54. Chan says:

    It is another day of shame for Malaysia when the Transparency International (TI) Corruption Perception Index (CPI) 2008 was unveiled, with the country placed at No. 47th position, its worst ranking in 14 years since the introduction of the annual TI CPI ranking in 1995.

    It is also the ultimate failure of the Prime Minister Datuk Seri Abdullah Ahmad Badawi’s campaign against corruption, which he promised to place at the very top of his agenda when he became the fifth Prime Minister five years ago –a campaign rich in paying lip service but doomed to failure as it lacked the political will to produce results.

    It is most ironic and tragic that one man who will feel most vindicated by the TI CPI 2008 is former Prime Minister, Tun Dr. Mahathir Mohamad.

    Abdullah had promised that his campaign against corruption will be one area which will distinguish the difference of his premiership from that of his predecessor. It was his promise to bring in a refreshing wind of change after 22 years of “cronyism, corruption and nepotism” (KKN) of Mahathir administration that created the unprecedented Barisan Nasional landslide electoral victory in the 2004 general election.

    However, in just a year after the 2004 general election, Mahathir was able to adopt a “holier than thou” attitude towards the Abdullah premiership by publicly warning in May 2005 that corruption under Abdullah for a little over a year was even worse than under him for 22 years, that “corruption might be getting to a point of no return”, becoming “a culture in Malaysia with corruption almost at the ‘above the table’ level” and “more and more people no longer trying to hide the fact that they were corrupt”.

    The TI CPI 2008 has proved Mahathir right in his adverse judgment on the Abdullah administration on its dismal performance in the battle against corruption.

    What a sad and tragic end reminding one of the Shakespearean quote in Macbeth: “It is a tale told by an idiot, full of sound and fury, signifying nothing.”

    -LKS

  55. Lallang exile says:

    Guys,

    chan fella posted:

    “What a sad and tragic end reminding one of the Shakespearean quote in Macbeth: “It is a tale told by an idiot, full of sound and fury, signifying nothing.”

    sounds like the current tales told by mat jenin and his chief spin tian chua about their plans to seize power.

    one says oct 1, his boss says no more datelines.

    and chan, u don’t need to reproduce lks statement in full in this blog. it’s compromising this blog’s independent stance.

    those who are interested in reading lks’ comments could look it up themselves in his blog.

    unless your cybertroopers are getting tired and short of ideas…………..not to mention more desperate by the day………………..

  56. Chan says:

    It is another day of shame for Malaysia when the Transparency International (TI) Corruption Perception Index (CPI) 2008 was unveiled, with the country placed at No. 47th position, its worst ranking in 14 years since the introduction of the annual TI CPI ranking in 1995.

    It is also the ultimate failure of the Prime Minister Datuk Seri Abdullah Ahmad Badawi’s campaign against corruption, which he promised to place at the very top of his agenda when he became the fifth Prime Minister five years ago –a campaign rich in paying lip service but doomed to failure as it lacked the political will to produce results.

    It is most ironic and tragic that one man who will feel most vindicated by the TI CPI 2008 is former Prime Minister, Tun Dr. Mahathir Mohamad.

    Abdullah had promised that his campaign against corruption will be one area which will distinguish the difference of his premiership from that of his predecessor. It was his promise to bring in a refreshing wind of change after 22 years of “cronyism, corruption and nepotism” (KKN) of Mahathir administration that created the unprecedented Barisan Nasional landslide electoral victory in the 2004 general election.

    However, in just a year after the 2004 general election, Mahathir was able to adopt a “holier than thou” attitude towards the Abdullah premiership by publicly warning in May 2005 that corruption under Abdullah for a little over a year was even worse than under him for 22 years, that “corruption might be getting to a point of no return”, becoming “a culture in Malaysia with corruption almost at the ‘above the table’ level” and “more and more people no longer trying to hide the fact that they were corrupt”.

    The TI CPI 2008 has proved Mahathir right in his adverse judgment on the Abdullah administration on its dismal performance in the battle against corruption.

    What a sad and tragic end reminding one of the Shakespearean quote in Macbeth: “It is a tale told by an idiot, full of sound and fury, signifying nothing.”

    -Lim Kit Siang

  57. Chan says:

    IS ANWAR AN IMF BOY?– No, he is Pro-Economic Growth with Social Justice

    When Prime Minister Mahathir Mohamad finally announced the inevitable sacking of his Deputy Prime Minister and Minister of Finance Anwar Ibrahim on September 3, 1998 following the introduction of Keynesian-style capital controls a day earlier, a group of anti-imperialists and third world nationalists proclaimed that Mahathir had finally laid to rest the so called neo-liberal malaise that Anwar had purportedly subjected the Malaysian economy to with disastrous results.

    Anwar was branded as a puppet of the IMF, who was simply seeking personal glory ‘by choosing to sell the interest of Malaysians to foreigners’. Mahathir – himself considered an authoritarian leader who had destroyed the key institutional instruments of governance in Malaysia to check any credible challenges to his leadership – became an icon among these anti-imperialists the world over.

    Using evidence from my advisory role, this commentary is targeted to correct this presumptuous claim. Instead of focusing on the scientific and historical evidence associated with epistemology, the anti-imperialists and pseudo critics of the Washington Consensus( IMF, the World Bank and the US Treasury) found a straw man in Anwar and a savior in Mahathir to build this ‘great story’ of how Mahathir saved Malaysia from certain collapse by ‘discontinuing Anwar’s deleterious neoliberal financial policies’.

  58. Chan says:

    While I have much to say about the circumstances that faced Malaysia in 1997 which offered the country the option of seeking capital controls when Korea, Thailand, Indonesia and Philippines had to go cap in hand to the IMF, I focus on Anwar’s actions as Malaysia’s Finance Minister.

    Anwar had time again insisted in some of his meetings that the free flow of capital and the Malaysian ringgit was causing havoc to exchange rates and the stock market. He even lamented once over the massive offshore ringgit kept in Singapore that affected Bank Negara’s capacity to manage monetary policy. He cited that instruments were necessary to provide sufficient control of the ringgit against volatile fluctuations caused by currency traders. What he did not share with Mahathir was his stand on corruption and cronyism.

    I remember Anwar saying that all Government linked Companies(GLCs) destabilized by losses should be supported with fresh loans but only after proper audit scrutiny. Now no scholar or sensible politician – whatever their ideological learnings – would support bailouts that arise from losses in consumer benefits through a misallocation of funds to the corrupt and incapable. Anwar was in support of Keynesian style packages but wanted them introduced alongside instruments that would weed out corruption.

    Anwar was also serious about fiscal policies to take account of distributive justice in the months between December, 1997 and April, 1998. In fact, he had dismissed a report prepared by a team of IMF-style consultants on measures to rescue the East Asian economies affected by the 1997-98 Financial crisis. He had written on the cover of that report that it must be rewritten to address problems of social justice.

  59. Chan says:

    I was approached by his advisors to rewrite the report and took it on eventually after his team headed by Khalid Jaafar agreed to allow me to change it completely. It was unfortunate that Anwar did not manage to present it as he was replaced by Daim Zainuddin and sacked by Mahathir.Yet, there is enough historical evidence to back Anwar’s claim that he is a believer in social justice. After all, mentored by the widely respected social activist and former University of Malaya academic Professor Dr Syed Husin Ali during his undergraduate days, Anwar was arrested and jailed for his role in championing the rights of the poor during the Baling riots and the protests he commandeered as a student union leader at University of Malaya in 1974.

    It must be said that the young and brash leader of the 1970s was then a champion of the poor at a time when government policy was very much in line with the dictates of the IMF and the World Bank. However, he had become a mature leader in the 1990s following his apprenticeship as the Finance Minister of Malaysia from 1995 to recognize the need to connect distributive justice with sound economic principles. In addition, in the spirit of intellectual discourse, Anwar had also developed the capacity to exchange views with experts from different schools of economic philosophy in a cordial and constructive manner. As a result, he enjoyed strong friendship with several heads of governments and global organizations.

    Anwar remains a strong advocate of the humane economy as articulated in his Malaysian Economic Agenda and reflected in the 2008 Election Manifesto for Pakatan Rakyat, which he again stressed during his ceramahs and meet- the people- sessions during the campaign for the Permatang Pauh by-election. The fact that he won decisively over his UMNO opponent showed that his economic agenda founded on sound economic growth and distributive justice was fully endorsed by voters.

    ——————-
    *Allyn Young (2008) is a pseudonym used by a Cambridge educated economist who lectures at one of the major public universities in the Kuala Lumpur area.

  60. tamade says:

    The exodus is definitely worrying otherwise the 800 million dollar man would have gone abroad for his tour to West Asia and USA.

    The exact figure is unknown.

    But one thing for sure, all the ill gotten wealth of those ruling elites and evil power brokers have been transfered abroad after 8th Mac in order to avoid detection in case PR takes over.

    One day, the Al-Mighty will make them pay the multiples of what they have ripped off in Bolehland.

  61. Harrison says:

    There is a quote to portray the likes of Mahathir Mohamd, AAB, Najib Tun Razak, Syed Hamid, Muhd.2, Taib, Ong Ka ting, Sami Velu and others -” A sucker is born every minute”.

  62. looes74 says:

    Side Track a bit! What Anwar needs is a four eye meeting by LKY. Yeah! Four eye meeting. It would definitely seal the fate of Abdullah, Najib and UMNO. Definitely no doubt Anwar got the confidence.

    Not sure if that would happen judging from the sensitivities plus LKY’s analysis and assessment very “Chun” one. Don’t spoil the LKY record mah! That’s why Mahathir so angry with LKY till today especially Mahathir kenna played out on the water deal. (Hehe……of course, got dealings too between….Interest too…..I mean national to national dealings……Read LKY’s memoir.

    It happen with Tony Blair while he’s on his way to be UK PM. LKY met up David Cameroon. Guess David would be next UK PM.

    I mean brush aside about the fear of Singapore takeover bullshit with Temasek Holding. Most probably, Abdullah and his gangs are courting Temasek Holdings. If that tied up happens, guarantee good for Singapore and Malaysia. Temasek got more than 4.5% growth annually, Malaysia got much needed boost in capital. Win Win! Good for PAP in Singapore. More pork barrels for their beleagured citizens.

  63. Menyalak-er says:

    Tamade (23:06), yes the exact figure is unknown, nor will it be ever known. Even the sum of what diam daim ‘sorok-ed’ for himself and mamakutty is mere speculation. This time that amount will exceed even that, hence the urgency of stopping the hemorrhage.
    Once upon a recent time, a bumno trooper wanted to fence “Yamashita’s gold” allegedly partially ‘owned’ by for. min. Romulo of the Philippines for USD 60m! Guess where that direct selling scheme went – the Germans… hahaha, the fascists dealing with their own kind. I kid you not – and the Germans for all their effort got their faces buried in a dungheap! Zilch.
    But would the Nazis really willing to pay that kinda money without seeing the ‘goods’? In Fort Knox of Bolehliwatland?

  64. BobbyNZ says:

    Chan,

    Your obvious bias becomes evident by twisting the Truth. Transparency International must have known Anwar offering huge bribes to party hoppers to bring down Malaysian Index. Frankly speaking, those of us in the know will tell you that the USA’s Ranking is at the bottom last. They use their CIA to go around bribing and supporting opposition parties against existing regimes that oppose them. The classic cases were Sadam Hussein and Osama.

    My advice to you is to learn to put things in perspective. Otherwise, I am compelled to brand you as a MORON with a BIG MOUTH like Anwar.

    Cheers!

  65. BobbyNZ says:

    Oh Yes Chan

    While Malaysia’s currency and stock markets sank to 90% by 1998, this ex DPM and Finance Minister did nothing, yes nothing and even took a trip to US with a red carpet welcome. Then in a car with his lover boy, Jamal, without any bodyguards, they went to Pentagon and somewhere to do the doggie doggie. Does that not tell you something is fishy and stinking? Yes he legalised short selling in 1997. Look at what the CROOKS are doing now. They ban short selling to stop the Dow falling more than 25%.

  66. troofer says:

    Bobby NZ,

    My advice to you is to learn to put things in perspective. Otherwise, I am compelled to brand you as a MORON with a BIG MOUTH who only knows how to fark sheep and is now sheep brained.
    I am so glad that gamblers like you who inflated the market were finally taught a lesson. It is a great pity you did not commit suicide and we have to live with scum like you who profited on the miseries of hawkers etc on high hopes. Short selling was introduced by Daim Zainuddin you liar.

  67. kittykat46 says:

    “Lallang Exile” stop being a Mat Rempit and attacking whoever who comments contrary to your world view.

    You have a right to state your views here.
    You do not have the right the just go on and on attacking whoever has different views from you.

    BTW, aren’t you supposed to have your own blog (if that’s who you claim you are) ?

  68. kittykat46 says:

    Even last year, when Anwar was still considered by many observers as “irrelevant”, foreign FDI had already started to flee the country.

    Who or which party is the real de-stabiliser of Malaysia ?

    http://www.themalaysianinsider.com/index.php/malaysia/9533-fdi-outflows-surpass-inflows

  69. Lalangexileteruk says:

    “Lallang Exile” stop being a Mat Rempit and attacking whoever who comments contrary to your world view. – kittykat46

    Notice how the s.o.b. starts wailing to susan to ban those who then bash him for that – another BN hypocrite he is. When he was little he must have been mama`s boy running around and hasn`t ougtrown being a spoilt brat.

  70. Lallang exile says:

    haha,

    i won’t go away…………

    you guys can huff and puff all u like, but unlike u all, i gain nothing from airing my thoughts here.

    bobby nz,

    i think it’s wasting time trying to point out the truth in this blog.

    most readers suffer from the ailment known as selective memory while others try to bludgeon u for posting what is the truth.

    what is frightening is they even try to erase the truth – in this case, the 97/98 financial crises while anwar was at helm.

    these fanatics – reminiscent of cult followers – would do anything their master bid them.

    scary to think about it, right?

  71. hahahaha says:

    Scared buggers – one runs to nz, the other blows with the wind, and the 3rd is running from the kadhi

  72. kittykat46 says:

    No, I don’t suffer from selective memory.
    I remember very well many independent economists (not Bodek establishment types) were already warning the Malaysian government before the 1997 crisis that the rate at which it was spending, borrowing and the way it was allocating resources was unsustainable , and would inevitably have a painful landing.

    Malaysia in 1996 early 1997 was wasting money on a grand scale.

    Yes, the foreign speculators saw an opening and they moved in for the kill.
    Who left the door unlocked ? One Very Important person you keep forgetting to mention is Mahathir Mohammad, often hailed as the saviour of Malaysia in 1998, in reality , the root cause of many of the problems.

  73. wits0 says:

    “Mahathir Mohammad, often hailed as the saviour of Malaysia in 1998, in reality , the root cause of many of the problems.” – Kittykat46

    Doubt thou, the Starres are fire,
    Doubt, that the Sunne doth moue:
    Doubt Truth to be a Lier,
    But neuer Doubt, this is so!

    (with apology to Shakespeare)

  74. Lallang exile says:

    Guys,

    saw this in ganesh’s blog.

    Ahamd Ismail’s history:

    A) The crowd of supporters at sacked deputy prime minister Datuk Seri Anwar Ibrahim’s residence came alive tonight when his wife, Datin Seri Dr Wan Azizah Ismail, took centre-stage to thank them for their support.
    Another speaker was Senator Datuk Ahmad Ismail of Umno Bukit Bendera who said the division fully supports Anwar. Anwar, who addressed the crowd about 10pm, said he was touched by their support
    (Anwar’s wife thanks gathering for support.
    By Toh An Nee
    270 words
    15 September 1998
    The Sun)

  75. Lallang exile says:

    now, everyone should know the famous ahmad ismail from penang, right?

    and, whatever happend to tong kooi ong, the nexnews/phileo boss who got the license from anwar?

    heard he’s making a comeback……..

  76. suchfun says:

    SHORT SELLING?? Many business are done in this manner, Sellers promised to sell and deliver something in future, which sellers do not hv it now !
    If totally ban this practice, then housing developer cannot sell before they build. Contractor cannot sell their services and goods, before they have rendered their services n deliver the goods. Doctor have to operate on patient first before collect money. TNB n Syabas cannot collect deposits.
    Strictly speaking, all business is short selling, the different is delivery of goods n rendering of service is done within how long a period. This period can be 3 minutes, or 3 years. etc

  77. suchfun says:

    This bobbynz, seems to forget who was the anwar’s boss during 97/98. why the boss got no fault meh? [ kittykat46 (11:33:40) : eaxplained well in his/her posting ]

  78. whispering9 says:

    BobbyNZ has been going on and on and on about short selling by DSAI. Okay…most have already seem the postings. Please input something else and make some credits for your straight As in Economy.

    Could DSAI have saved the days in 1998 if he was not jailed by his Boss? It is purely academic now. Did TDM save the day? Yes, but kk46 is correct ‘cos he was also the alpha and omega of 1998 crisis. In short, he was the problem and the solution to the problem. Personally, many respect him for being able to at least ‘hold things together’ and move forward unlike our present PM.

    Can DSAI improve our economy if he becomes PM? It all depend on whether he is willing to trust and chose those who are experience, capable and trained to handle it. It also depend on whether he is giving up politically affiliated cronyism.

    Up to now, he is, at least, showing the capability and charisma to listen and to trust. But more important, he is making it possible for us, the Rakyat, to start demanding the right person for the job by simply our votes.

    Frankly, he should stop rushing into everything which I, too, agreed is his Achilles heel. Some may understand his current fray for displacing strategic information but to many, including business people, all are just empty dates and major disruptions. DSAI is also a part of the current economical problem ‘cos of the empty dates. Better stop it before confidence in him is eroded.

  79. machitam says:

    let Lallang explain what is short selling and how do it had impacted on the asian tiger’s economy 10 yrs ago.

    right from the start this moron Lallang was crooning about short selling…b lah …blah…i don’t think he know head or tail about economy…

  80. machitam says:

    whisp,
    Anwar don’t have that magic wand. he is not the savior nor the man from hogworth. he can’t change malaysia overnight. nobody can. it is not possible.

    but he has the capabilities to change malaysia because …

    he is the symbol of unity to the multi-religious and multi racial malaysian.
    he is trustworthy by all PR coalitions to compromise
    he has the vision for all, justice for all, caring, transparency and more…

    that is the back bone of a new born malaysia after 51yrs…

  81. BobbyNZ says:

    Dr M made the right move to jail this Traitor in 1998 then closed the economy from further short selling attacks and with amazing leadership, turned the economy around using Petronas. However the wounds and scars are still raw till this day and therefore this Traitor Anwar should and can never be the next PM! He should count himself fortunate to be an MP today. But it wont be long since his sodomy case is coming up again!

  82. Goodshow says:

    Bobby NZ bankrupt !!!

  83. BobbyNZ says:

    Ha ha ha ha

  84. BobbyNZ says:

    Here we say “Sorry mate”, I am not hahahahaha. Real desperados !!!! Goodnite and enjoy your nightmares with RPK and Anwar!!!

  85. BobbyNZ says:

    At least you know I am not corrupt like Anwar or RPK!!!! or the CROOKS in financial crisis now !!! hahaha

  86. Menyalak-er says:

    Traitor is as traitor was, self claimed guru of sheep-shagging is multizealandaire-la. No longer Malaysian-mah – ran off, cowering becuz the ah longs etc. were baying for his blood during last ‘short selling’ crisis with purulent idealogy, philosophy & religion that money is God – or izzit God is money?
    Hadhari CT goon… good only for entertainment.

  87. dynamite says:

    Did TDM save the day? ~ whispering 9

    TDM and his gang milked the cow by playing on the currency markets. Anwar sodomy trial was a diversion as these scum looted the markets. They were one of the main reasons for the currency fluctuations as they made hay while the sun shone.

  88. dynamite says:

    Here we say “Sorry mate”, I am not ~ bobbynz

    Sure you are. You admitted you fled malaysia, so you must have been declared bankrupt. You may not be bankrupt wherever you are but in malaysia you are a bankrupt.

  89. billauchris says:

    In my view, UMNO is a just bad loser.

    Ever since its dismal performance in the last general election in March 2008 and its trouncing at the Permatang Pauh by-election, some of its leaders appeared to be ugly, unethical and unscrupulous.

    They tried to frustrate and topple the PAS-led State Government in Perak by trying to woo some of PAS MPs to its side.

    Then during the campaign at the PP by-election, we saw the UMNO Bukit Bendera Division Chief, Ahmad Ismail, deliberately playing the racial card by calling the Chinese “pendatang”; thereby provoking the Chinese community including some of the BN partners to be up in arms against him.

    Instead of sacking him and detaining him under the ISA, the Police abused its power by invoking the ISA to detain three innocent citizens, YB Theresa Kok, Ms Tan and Raja Petra on a lame excuse that they were prejudicial to the national security and public order. Within the first week, YB Theresa Kok and Ms Tan were released unconditionally.

    They then blocked RPK’s blog in vain and eventually when told that by so doing they violated the MSC Charter, they rescinded their blocking decision. What a shame! It looks to me that those guys in the mass media commission do not seem to know what they are doing.

    Another despicable incident relating to the blatant abuse of the legal process was the Home Minister signing the detention order at the 11th hour to save the police the embarassment for the unlawful detention of the above-named three persons and to nullify RPK’s habeas corpus case on the day of hearing.

    The rakyat is tired of all your sinister connivances and contrivances. The games that you play are anachronistic. You are just wasting the public money and time.

    Your corruption index has not improved. Corruption is going to destroy UMNO and BN. If you chappies are sensitive to the signs of times, you should resign from BN and fight on a multi-racial platform. Racial parties are doomed to failure and rejction in the course of time.

    So make hay while the sun still shines.

  90. expose tianchua says:

    bobbynz,

    any news about anwar frontman tong kooi ong? last i heard he was in canada.

    would be interesting to do some work on what happened to the billions made under phileo allied.

    i did remember that tong was a nobody from klang whose father owned a motorcyle biz. he shot to prominence in the late eighties/early nineties when anwar became finance minister.

  91. BobbyNZ says:

    Let’s say The Asian Crisis was a blessing in disguise for me to settle in NZ and enjoying a business life without corruption. I believe we are in the top 3 least corrupt countries in the world but you may wonder why there is a recession here now?

  92. terence says:

    Singapore bankers have been talking…many politicians n rich shots have been depositing $$$ in the island. Guess who they are??

  93. billauchris says:

    ABB has finally been cornered and pressurised to give up his premiership before the UMNO Assembly next March.

    It is quite clear that Najib and Muyiddin have been playing the hot and cold game during the past couple of months to make ABB feel that he has lost the confidence and support of the UMNO membership as well as the rakyat.

    ABB is now afraid of the possible vote of no confidence that is going to be tabled by PR when Parliament resumes sometime on 9 Oct 2008. No wonder ABB announced that he would make up his decision to contest the presidency
    of UMNO or not in March 2008.

    From the scheme of things brewing secretly behind ABB, it is quite obvious that
    once ABB retires from the PMship, Najib will succeed him and Muyiddin will be his Deputy.

    Don’t you think that the whole conspiracy stinks?

    If I may suggest that future PMs of Malaysia shall have to be supported and endorsed by majority of the electorates in the country. The people must have
    a say as to who they prefer to be the PM. The traditional automatic succession
    to PM must give way to modern way of determination rather than allowing the leader to come from any of the racial party within the BN coalition.

    Any suggestion and commentr?

  94. idiot says:

    We must move out from this sick country. Try to seek for greener path elsewhere

  95. Rusman says:

    The figure 125 billion was cited in The Edge: September 15 2008 page 65 “Uncertain Times Spook Foreign Funds”

  96. INFORMED ONE says:

    Today is 15 October 2008. The American economy is in deep deep shit. Other economies also in deep deep shit because of buying the shit from the Americans. Therefore, Anwar is in deep deep shit.

  97. This topic is quite hot on the Internet right now. What do you pay attention to when choosing what to write ?

  98. JEFFRY BONG says:

    CORRUPTIONS INDEX : SOURCE : TRANSPARENCY INTERNATIONAL.
    Myanmar, alongside Somalia, has been ranked as the world’s most corrupt nation, increasing pressure on the country’s military regime as it faces the biggest anti- govt protedts in nearly 2 decades.
    In the Index LEAST CORRUPT : 10= BEST.
    To Start With :
    1) DENMARK. FINLAND. NEW ZEALAND …………..=9.4
    2) SINGAPORE, SWEDEN……………………………..=9.3
    3) ICELAND………………………………………………=9.2
    4) NETHERLAND,SWITZERLAND…………………….=9.0
    5) CANADA, NORWAY…………………………………=8.7
    6) AUSTRALIA………………………………………….=8.6
    7) LUXEMBOURG, BRITAIN…………………………..=8.4
    8) HONG KONG…………………………………………=8.3
    9) AUSTRIA…………………………………………….=8.1
    10 GERMANY…………………………………………..= 7.8
    11) IRELAND, JAPAN………………………………….= 7.5
    12) FRANCE…………………………………………….= 7.3
    13) US…………………………………………………..= 7.2
    14) BELGIUM…………………………………………..= 7.1
    MOST CORRUPT : 0=WORST
    15) AFGHANISTAN, CHAD, SUDAN……………………..=1.8
    16) TONGA,UZBEKISTAN…………………………………=1.7
    17) HAITI……………………………………………………=1.6
    18) IRAQ……………………………………………………= 1.5
    19) MYANMAR, SOMALIA……………………………….= 1.4
    These are the index released from Transparency International .
    May be some countries have improved on their standing.We are not even listed in the INDEX. Why???? I am not very sure.
    Can somebody who are expert in this kind of statistics assist us .
    We would like to share with you in additions to work very hard to improve on our standings in the eyes of the World.Please advise.

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