INTERNATIONAL. The world is in a sustained period of high economic growth, or super-cycle, which started in 2000 and is expected to last at least another couple of decades and see the global economy reach over US$300 trillion in size by 2030, up from US$62 trillion today, according to a special report by Standard Chartered.
The world economy has already doubled between 2000 and 2010.
The developed economies will do well through the super-cycle, but the emerging markets will do much better. As a result, the global balance of economic power will shift decisively from the West to the East, according to the report.
Image via WikipediaBy Bruno Manser FundWe have been informed that Radio Free Sarawak has gone on air this morning. The new alternative radio station will broadcast two daily broadcasts on shortwave, presumably in Iban and Malay (Bahasa). It aims at Sarawak's rural communities who lack access to independent media. As you might know, the media in Sarawak are strictly controlled by an extremely corrupt state government under Abdul Taib Mahmud and the logging companies who own and control all major media outlets.
Image by Getty Images via @daylifeKUALA LUMPUR: It's Halloween week and horror stories are pouring out of the Auditor-General's 2009 report. According to PAS information chief Idris Ahmad, the report has put every single Malaysian adult and child in debt!
He said Auditor-General Ambrin Buang's report that last year's debts stood at an all-time high of RM362.39 billion, simply meant that each Malaysian had a domestic debt of RM14,000.
"The A-G revealed that Malaysia had the highest debt of RM362.39 billion in five years.
"This debt – RM362.39 billion – means that all 26 million Malaysians carry the burden of owing RM14,000 each... and it's all because of the government's corrupt practices," Idris said.
Image via Wikipedia2011 Budget not a child of New Economic Model but bears all the marks of old discredited Mahathirish policies (Part 1 of 5)On Monday, the Prime Minister Datuk Seri Najib Razak launched the Economic Transformation Programme (ETP).
It was also the start of a week which saw the Government Transformation Programme (GTP) suffering a triple blow.
Image via WikipediaBy Baradan KuppusamyKUALA LUMPUR, Mar 22, 2006 (IPS) - Malaysia's first serious survey of race relations, in 50 years, shows that behind the façade of outward unity and peace, racism runs deep in this multi-ethnic 'melting pot'.
The telephone survey of about 1,200 Malaysians also found that the majority of the various races find comfort and security in their respective ethnicity and not in a common ‘Malaysian' identity, as the travel and tourism brochures suggest.
''The findings are not at all surprising,'' said social scientist Chandra Muzaffar. ''This is partly because ethnic boundaries are real in our society and almost every sphere of public life is linked to ethnicity in one way or another.''
Image via WikipediaCoffetoday Nov 15 , 2010 – When the Freedom House and many other institutions measure the level of political freedom in society, Fraser Institute of Canada would see the other side, namely the level of economic freedom. Its size is freedom to engage in economic activities, maintain property obtained legally, and enjoy equal opportunity without any interference. In the annual report Economic Freedom of the World 2010, which was released recently mentioned, an indication of the kind of freedom that is the overall expenditure of government agencies, the legal structure of a country and the protection of property rights.
Image via WikipediaAAP Asia and other emerging markets offer Australian investors the opportunity to spread their funds and risks, a UK-based asset manager says.
Threadneedle head of Asia and Global Emerging Markets Equities, Vanessa Donegan, said the asset manager had been investing in Australia through its Asian and global funds for years.
Image by Qiao-Da-Ye賽門譙大爺 via FlickrAfter Introduce by Research In Motion (RIM) in Indonesia in late September 2010, XL Axiata PT Tbk (XL) finally proposes offer the latest mobile variant of the BlackBerry, the BlackBerry 9800 Torch, to be marketed through a distribution channel.“BlackBerry has many features not owned any other smart phones. The advantages that make it continue to look for people although other smart phones continue to emerge, “Director of Marketing XL, V Nicanor Santiago, through a press conference in Jakarta, Monday, November 8, 2010.
“Therefore we present the latest BlackBerry bundling programs, which included 9800 Torch promo free roaming BlackBerry,” he said.
Image via WikipediaA regional workshop on International Humanitarian Law (IHL) and the protection of civilians was held in Jakarta on 8-9 November 2010, co-hosted by the Foreign Ministries of Indonesia and Norway. The workshop was well attended, with participants from 12 countries in the region, the International Commitee of the Redd Cross (ICRC), military, academics, NGOs and national human rights institutions.The workshop was formally opened by the Indonesian Minister of Foreign Affairs, Marty M. Natalegawa and the Norwegian Minister of Foreign Affairs, Jonas Gahr Støre. Foreign Minister Støre emphasized Norway’s strong commitment to reclaim the protection of civilians in armed conflict, and underlined the value of IHL as a global achievement and shared responsibility. Foreign Minister Natalegawa emphasised education and training to strengthen the capacity of the military, observance of the notions of human rights and a strong political will as central for enhancing protection of civilians in time of armed conflict, and reiterated Indonesia’s commitment to comply with IHL.
Malaysia is the worst country in Asia-Pacific in Transparency International Corruption Perception Index in past 16 years since the start of the annual ranking in 1995
Despite the “1Malaysia People First Performance Now” slogan and the alphabet soup of GTP, NKRA, MKRA, SRIs, ETP etc and one Roadmap after another of Prime Minister, Datuk Seri Najib Razak and the National Integrity Plan of former Prime Minister Tun Abdullah Ahmad Badawi, Malaysia is the worst country in the Asia-Pacific in Transparency International (TI) Corruption Perception Index (CPI) in past 16 years since the start of the annual ranking in 1995.
In the first TI CPI in 1995, Malaysia was ranked No. 23 out of 41 countries or the 6th highest-ranked nation after New Zealand -1, Singapore – 3, Australia – 7, Hong Kong – 17 and Japan – 20, with a CPI score of 5.28.
Despite the “1Malaysia People First Performance Now” slogan and the alphabet soup of GTP, NKRA, MKRA, SRIs, ETP etc and one Roadmap after another of Prime Minister, Datuk Seri Najib Razak and the National Integrity Plan of former Prime Minister Tun Abdullah Ahmad Badawi, Malaysia is the worst country in the Asia-Pacific in Transparency International (TI) Corruption Perception Index (CPI) in past 16 years since the start of the annual ranking in 1995.
In the first TI CPI in 1995, Malaysia was ranked No. 23 out of 41 countries or the 6th highest-ranked nation after New Zealand -1, Singapore – 3, Australia – 7, Hong Kong – 17 and Japan – 20, with a CPI score of 5.28.
by John Baptist
The Malaysian Insider
November 11, 2010
I read with disgust Zaini Hassan describing in the Utusan Malaysia the tragic May 13, 1969 incident as “sacred”. The Oxford Dictionary defines sacred as either “connected with God or a god; considered to be holy” or “very important and treated with great respect.”
From general reading, the incident involved carnage, destruction of private and public property, ruining of families, instilling of fear, the destruction of years of trust between the races built by our forefathers and the maligning of our nation in the eyes of the world, setting us back years in the terms of our economic potential.
I need take only carnage to exemplify that it is prohibited by all religions and hence cannot sit comfortably within the first definition of “sacred” by the Oxford Dictionary.
The Malaysian Insider
November 11, 2010
I read with disgust Zaini Hassan describing in the Utusan Malaysia the tragic May 13, 1969 incident as “sacred”. The Oxford Dictionary defines sacred as either “connected with God or a god; considered to be holy” or “very important and treated with great respect.”
From general reading, the incident involved carnage, destruction of private and public property, ruining of families, instilling of fear, the destruction of years of trust between the races built by our forefathers and the maligning of our nation in the eyes of the world, setting us back years in the terms of our economic potential.
I need take only carnage to exemplify that it is prohibited by all religions and hence cannot sit comfortably within the first definition of “sacred” by the Oxford Dictionary.
Image via WikipediaBy Soraya Permatasari and Barry Porter | BloombergNov. 12 (Bloomberg) — Malaysia will ask the World Bank to help in the country’s efforts to cut government spending as Prime Minister Najib Razak seeks to reduce the budget deficit from a 22-year high.
The nation is asking the Washington-based lender to review all areas of government expenditure, including how state contracts are awarded, to prevent waste from inefficiency, Second Finance Minister Ahmad Husni Hanadzlah said in an interview in Kuala Lumpur yesterday. Malaysia hopes the study will bolster the government’s credibility, he said.
“We just want a third party as a check and balance,” said Ahmad Husni, 58. An annual audit of spending at state agencies has shown “some negative findings and we hope that with the involvement of the World Bank, in the future we can see a clean sheet,” he said.
KUALA LUMPUR: Malaysia has lost the bid to host one of the three qualifiers for the 2012 London Olympics. India and Japan, however, were successful with their bids while the hosts for the third qualifiers will be announced later.
The decision was made by the International Hockey Federation (FIH) executive committee when they decided on the hosts for their major tournaments over the next four years.
Bidding for one of the qualifiers was a priority for the Malaysian Hockey Federation (MHF) as their target is to regain their place in the Olympic Games.
The national team are currently playing in the Asian Games in Guangzhou where the winners will gain an automatic berth for the London Games.
The decision was made by the International Hockey Federation (FIH) executive committee when they decided on the hosts for their major tournaments over the next four years.
Bidding for one of the qualifiers was a priority for the Malaysian Hockey Federation (MHF) as their target is to regain their place in the Olympic Games.
The national team are currently playing in the Asian Games in Guangzhou where the winners will gain an automatic berth for the London Games.
Image via WikipediaThe APEC summit is wrapping up today, with the leaders issuing their statement on the 'The Yokohama Vision - Bogor and Beyond.' Bogor refers to the city in Indonesia where APEC leaders gathered in 1994 to announce 'their shared commitment to achieve free and open trade and investment by 2010 for industrialized economies and by 2020 for developing economies.'So, how are they doing? According to the leaders' statement released today, the Asia-Pacific has secured substantial reductions in barriers to trade and investment and members are confident that APEC is 'well on track' to achieving free and open trade and investment among member economies.
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