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Dr M's New Cabinet : many new measures n cost cutting but huge debt n mess fr BN ....

Anwar says will help new gov't as a regular citizen


Anwar in no hurry to be PM, eyes lecture circuit

Anwar returns home

Palace grants Anwar full pardon and immediate freedom

Dr M and Anwar meets at palace

Anwar said to be freed at 11.30am

Agong to grant audience to Anwar, Wan Azizah, Azmin

Pardons board to meet at 11am

Malaysia says GST to be effectively scrapped from June 1

Malaysia's new government on Wednesday said it would reduce a goods and services tax to zero from June 1, effectively abolishing it, a move that is likely to spur spending in the Southeast Asian nation but put pressure on its fiscal position.

Prime Minister Mahathir Mohamad, who won last week's general election, had vowed during the campaign to get rid of the 6 per cent GST to address the rising cost of living. Ousted leader Najib Razak had introduced the tax in 2015 amid lower oil prices.

GST would be zero-rated from June 1, the Ministry of Finance said in a statement on Wednesday.

Dr Mahathir had also promised to reintroduce fuel subsidies, which along with the GST removal, could widen Malaysia's fiscal deficit.

Ratings agency Moody's said this week that the removal of GST would be credit negative for Malaysia as it would cut off a significant revenue source for the government.

How might Mahathir fund Malaysia's budget without GST? Oil money

Now, the question is how he will fund the nation’s budget without the 44.3 billion ringgit (US$11 billion) earned from the consumption tax in 2017 alone. The answer might lie in his coalition’s manifesto.

The Pakatan Harapan alliance pledged to set up a sovereign wealth fund using profits from state-owned oil company Petroliam Nasional Bhd to provide future welfare for the people and stability to the country. That may help the government balance its budget, as it moves toward scrapping the GST.

Petroliam Nasional or Petronas as it’s commonly known, will provide a minimum of 10 billion ringgit a year of its income to the fund, which will be managed with similar governance to the Norwegian investment fund, according to the coalition’s manifesto released in March. Other state-linked companies will also be required to channel their earnings to the fund, as long-term savings to the country.
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Police waiting to arrest najib tnght?

Malaysian Police Raid Ex-Prime Minister Najib Razak's House

Malaysian police have visited former Prime Minister Najib Razak's house, reportedly searching for documents as part of a renewed probe into a massive corruption scandal involving a state investment fund that is being investigated abroad.

Police zooms on Najib, Rosmah with extensive searches at their bangalow

Last night, Malaysia saw a new page in its history with the police raiding the former prime minister Najib Razak’s properties.

No arrests have been made following the dramatic simultaneous searches of five locations linked to Najib.

However, Najib’s lawyer Harpal Singh Grewal said the search could be linked to money laundering.

While no documents were seized at Najib’s bungalow, police said documents were seized at a different location.

Police have seized handbags and gifts at the residence at Jalan Langgak Duta, Kuala Lumpur.
Media release from Persatuan Patriot Kebangsaan (PPM-005-14-22052017)
On 17 May 2018. 40/2018.

Persatuan Patriot Kebangsaan (Patriot) is amazed with Perkasa’s call for the appointment of the finance minister not be given to a non-Malay (as reported in MKini 16 May 2018). The reason given being that Malay interest under the various Malay/Muslim organisations under the ministry may be jeopardized.

Patriot would like to give a friendly reminder to Perkasa that this is a new Malaysia and the vast majority has voted for this change. The decades of race-based politicking, divide and rule, weaponised race and religion as tools to sow distrust and hatred, stereotyping of race and group to be hated as enemies, are now gone and buried. YB Lim Guan Eng has proven himself very capable of administering Penang, including taking care of the Malay/Muslim interest in the state.

Our Prime Minister and the new government have formidable tasks ahead. A humongous external debt needs to be settled. As at end 2017 our national external debt stood at RM 883 billion. That has not taken into consideration the syndicated loans and the loans guaranteed by our government. If so, the debt is widely believed to be around RM 1 trillion. In addition, 1MDB has a debt amounting to US$3.5 billion. The debt to GDP ratio is close to the threshold of 55%. The outlook does not look good for our country.

Patriot urge that Perkasa’s call of race-based, stereotyped thinking, be the last. Let us all Malaysians come together, put on our patriotic cap, support and work with our new government under Tun Dr Mahathir’s leadership. Let us think of ourselves as Malaysians first.

BG Dato Mohamed Arshad Raji (Rtd)
President, Persatuan Patriot Kebangsaan

Malaysia PM Mahathir Mohamad appointed education minister in new cabinet

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Prime Minister Mahathir Mohamad announced on Thursday (May 17) that he will also be Malaysia's education minister.

Deputy prime minister designate Wan Azizah Wan Ismail, meanwhile, was appointed minister for women's affairs and welfare. Mahathir said he hopes to announce more cabinet ministers on Friday or over the weekend.

“We will try to get 13 ministers sworn in on Monday if the Istana (palace) agrees to it,” Mahathir told a media conference.

Mahathir, 92, was education minister in 1974 before becoming deputy prime minister in 1976. When asked why he wanted the education portfolio, Mahathir joked: "Because many people in Malaysia seem to be uneducated."

Mahathir heads task force to resolve Indian woes

Prime minister to keep PH election promises to marginalised communities, with MP Kulasegaran saying Dr Mahathir is serious about tackling Indian issues.

Prime Minister Dr Mahathir Mohamad today announced he would head a task force to address issues pertaining to marginalised communities in Malaysia, especially the Indians.

Mahathir, who will lead the task force alongside Home Minister Muhyiddin Yassin, said at a press conference at the PPBM headquarters here that this had to be addressed urgently as it was promised in the PH manifesto.

Meanwhile, Ipoh Barat MP M Kulasegaran, who is part of the PH presidential council, said Mahathir had told him he was very concerned about solving issues regarding the marginalised.

Kulasegaran told FMT: “This was raised just now in the presidential council meeting, and Tun was very attentive and concerned about the welfare of the marginalised, especially the Indians.

“Tun also told us that he was thankful to the Indians for the fantastic support towards PH during GE14.”

The PH vice-president said Mahathir had decided to head the task force because an Indian minister had yet to be appointed.
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