Now Everyone Can Have A Pre Raya Celebration!

Yg Bhg Tan Sri Nor Shamsiah Binti Mohd Yunus, our BNM governor.

Updates @ 9:00 pm 1.5.2022

BNM Says A BIG NO To Joker Nazir & His Buddy Outfit!No Character And/Or Integrity

Yours truly believes that Bank Negara Malaysia (BNM) (Malaysia Central Bank) was founded on the two main pillars: “CHARACTER and INTEGRITY” and it is still good today. Both have been jealously guarded by the majority of the good officers past and present. Of course, there were and are a few black sheep like the Tingkat 4 lurking around.

Message to Yg Bhg Tan Sri Nor Shamsiah Binti Mohd Yunus, the Governor of BNM:

Syabas! At last you have risen to the occasion against the power that be and the little napoleon cum advisor in BNM and you have stood up for “Character and Integrity” and BNM. BNM’s decision of 29.4.2022 to award the digital banking licence to the five clean consortiums was a victory for “negaraku”! On behalf of our Malaysia, yours truly takes this opportunity to say a BIG Thank You to you and all the good officers with character and integrity in BNM!

On 29.4.2022 Bank Negara Malaysia (BNM) in a pre-Raya “ang pow” press release under Ref. No: 04/22/06, BNM had announced five successful applicants for digital banking licence. This press release came as a big surprise and it is a victory for common sense, “CHARACTER and INTEGRITY” / GOOD GOVERNANCE. Of course, the power that be, we all know who is that political pariah, never had “Character or Integrity”! It is most comforting to learn that when it comes to the image of BNM, as a national institution, BNM broke rank with that political pariah!

We trust that this decision was based on “Character and Integrity” and it will not be a flash in the pan but will always remain sacrosanct. We hope the Tingkat 4 fella will NOW be ashamed of himself and take the honourable step to RESIGN forthwith – BNM is not a playground for him!

The Two Musketeers! Zafrul & joker Nazir.

It was a big pleasant surprise to all because BigPay of PN17 AirAsia which is an outfit of Tony Fernandes, who is long time buddy of that un-elected senator Zafrul and his former boss, joker / player Nazir Razak! What a slap in the face and as the Malay saying goes “Padan Muka” for these two shameless Zafrul and Nazir!

ePemula – The Brainchild Of That Unelected Zafrul

In April 2022, that un-elected senator Zafrul, the good for nothing Minister of Finance, was jumping for joy to announce the disbursment of ePemula whereby he or his MoF had handpicked four companies to disburse RM300 million of ePemula subsidies via eWallet under the pretext of helping two million youths! If that was his noble intention, why not pay the ePemula of RM150 directly into the bank account of the youths instead of eWallet! Why tied the youths down in the eWallet platform? Was Zafrul trying to help certain friends of his or doing bidding for them? We all know the answer!

BigPay (a subsidiary of PN17 AirAsia), Touch ‘n Go, GrabPay, GrabPay and ShopeePay were the selected eWallet providers. At the material time, BNM had not officially announced which of the five companies that have been granted digital banking licence! That eager beaver Zafrul cannot wait to launch the ePemula for reason best known to him alone. We can smell from far this useless Zafrul’s move! Before the announcement by BNM or Zafrul, certain provider had already gone to town to advertise and promote their “Sure To Get Toy! It was as though it was pre-ordained to be awarded with the digital banking licence! Why are these people so daring to assume that they have already got the digital banking licence in their bag? Did he whisper to his special friends?

As of now, it has not been announced by the unelected Zafrul in what proportions the ePemula has been dished out to the selected four eWallet providers. This must be a national secret to Zafrul like the agreements for purchase of Covid 19 vaccines to the Minister of Health Khairy Jamaludin aka KJ!

BNM Delivered A Bombshell – Issuance Of Digital Banking Licence To Five Consortiums & BigPay / Nazir’s Ikhlas Capital Singapore Pte Ltd Were Excluded

On 29.4.2022, BNM had issued a press statement and officially announced that five companies have been awarded with digital banking licences. None of the original pre-ordained five consortiums are on the list! Thank God for that!

The five successful consortiums are as follows:

Three consortiums that are awarded with digital banking licence under Financial Services Act 2013:

  1. A consortium of Boost Holdings Sdn Bhd & RHB Bank Bhd;
  2. A consortium led by GXS Bank Pte Ltd & Kuok Brothers Sdn Bhd; and
  3. Consortium led by SEA Ltd & YTL Digital Capital Sdn Bhd.

Two consortiums are to be licensed under Islamic Financial Services Act 2013:

  1. A consortium of AEON Financial Services Co Ltd, AEON Credit Service (M) Sdn Bhd & MoneyLion Inc; and
  2. A consortium led by KAF Investment Bank Sdn Bhd.

“Three of the five consortium are majority-owned by Malaysians namely Boost Holdings and RHB Bank Bhd, Sea Limited and YTL Digital Capital Sdn Bhd and KAF Investment Sdn Bhd” said BNM.

In the said press statement, BNM had clarified its assessment criteria covers:

The CHARACTER and INTEGRITY of the applicants, nature and sufficiency of financial resources, soundness and feasibility of business and technology plan as well as ability to meaningfully address financial inclusion gaps.

Quoted from BNM’s press release of 29.4.2022

The above assessment criteria used by BNM is what a central bank of any nation in the world would have adhered to if good governance and transparency are of outmost importance to them. Had such assessment had been strictly practiced in BNM and its’ Board of Governance led by the financial genius of all time, TS Azman Yahya of Symphony House and Danaharta fame, the nation would have been spared of the anxieties of the digital banking licence being awarded to the wrong hand! This little napoleon is just “Tak Boleh Pakai Langsung” (cannot be used at all) type! Perhaps BNM and/or MoF has appointment issue under the watch of that unelected and good for nothing Zafrul!

Based on the criteria of “character and Integrity” alone, one of the original five companies could not even get near to it, let alone to meet the other criteria in the assessment chart! It is most doubtful that if the eager beaver unelected senator Zafrul, the “syok sendiri” Minister of Finance, had in the forefront of his thick skull that the corner stone of “character and integrity” are of paramount importance for nation building then he would not have launched or disbursed the ePemula in such a haste! Unfortunately, he could not wait until and after BNM had officially announced the five successful applicants for digital banking licence to do so.

Of course, there was a massive push from all fronts in BNM and MoF plus the help of certain MP in Malaysia and media / news portals and mercenary journalists to exert pressures upon BNM to make quick announcement before end of March 2022 that the original five that have been bestowed with the said licence. At that material time, the “news” appeared to have been generated from MoF and/or BNM were extremely strong that the success of the original five was already cast in stone and the BNM’s announcement would be just a mere formality!

Luckily Tan Sri Shamsiah and her advisors of good integrity may have been alerted of the “cartel” and took control of the situation. Hence, BNM applied an emergency break on the said announcement with the reason that BNM had to look into the legal aspects and the integrity of the twenty nine applicants, HERE.

It must be assumed that BNM is founded on “character and integrity” too. It would be out of character for BNM to put the digital banking licence on a silver platter for certain company to keep. It is an open secret that certain company was embroiled in massive international BIBERY SCANDALS involving RM200 million and the directors and/or officers are wanted in foreign country for money laundering and criminal misconducts (bribing government officials to get flying permits in India)!

The Good For Nothing Un-elected Zafrul

It seemed that eager beaver Zafrul’s motto was “DON’T ASK! GOPinjam!” When faced with financial burden then think about it later! At which time he will be out in the cold and other leaders and BNM will be burdened to pick up the pieces! BNM must stand up to stop Zafrul from his stupid agendas.

In any event, we cannot expect much from an elected Zafrul, who had to rely on special “Tongkat” (walking stick) from the power that be or special ‘payung (umbrella) …’ who can only help this fella to stand up / be appointed as minister but not able to teach him how to walk for the Rakyat! Another shameless bump like Syed Zaid Albar of SC! At least this Syed Zaid Albar has a little bit of honour left in him to resign but not for this eager beaver!

BIGPAY’S PARTNER IKHLAS CAPITAL SINGAPORE PTE LTD

The Ikhlas Capital Singapore Pte Ltd. Joker / Player Nazir Razak is the founding partner and Chairman.

Thank you governor BNM, Tan Sri Nor Shamsiah, you have listened and not tone deaf like the three shameless, which include Nazir Razak of Danajamin who is now helming a bank wholly owned by the rakyat and at the same time hiding behind a Singapore registered company Ikhlas Capital Singapore Pte Ltd to bid for digital banking licence!

According to the website, Ikhlas Capital Singapore Pte Ltd is an ASEAN private equity fund manager.

It is very strange that in most, if not all, of the press reports in connections with digital banking licence, the name of joker Nazir’s company had always been referred to as “IKHLAS CAPITAL “ without “Singapore Pte Ltd”! May be to the joker, it is due to special “Fung Sui” for market positioning!

How can Joker Nazir, the Zafrul’s appointed Chairman of a rakyat owned Bank Pembangunan behave in such a disgusting manner? How can this Joker / Player Nazir be allowed to play active role in his Singapore based Ikhlas Capital and at the same time Chairman of Bank Pembangunan. It can only happen in this Boleh Land!

BNM Must Remove Or Sack Joker Nazir As Head Of Bank Pembangunan Due To Unprofessional Conducts

Joker / Player Nazir Razak, chairman of Bank Pembangunan & Founder & Chairman Ikhlas Capital Singapore Pte Ltd. Ikhlas Capital Singapore Pte Ltd partners with BigPay to apply for digital banking licence in Malaysia!

BNM must now closely srutinise this joker Nazir’s position as Chairman of Bank Pembangun Bhd and Chairman of Ikhlas Capital Singapore Pte Ltd. It is under the purview of BNM to ensure “character and integrity” in person who head any financial institutions in Malaysia.

With that backdrop, this joker/player Nazir is the head of Bank Pembangunan and Ikhlas Capital Singapore Pte Ltd at the same time, he saw it fit to partner BigPay (a related company to PN17 AirAsia (AA) which was embroiled in the massive Airbus RM200 million bribery scandals and Tony Fernandes and a few of AA officers including Bo Lingam are wanted in India for criminal misconducts) to apply for a digital banking licence from BNM. Just wonder whether this joker had played an active role in the said application? All the evidence in the application documents have been laid before BNM so it could be easily examined the glaring evidence! The upright officers in BNM would have known whether this joker Nazir had played an active role in digital banking licence fiasco.

From what we have seen, they were sufficient evidence to show that he is not a fit and proper person to head a rakyat owned bank or for that matter any bank. Joker Nazir is riddled with conflicts of interest and unprofessional conducts! Nazir must be removed or sacked as the Chairman of Bank Pembangunan / Danajamin! Don’t expect the good for nothing Zafrul to lift a finger to do anything about it!

In the spirit of “Character and Integrity” BNM must take immediate step to remove joker/player Nazir or force him to RESIGN as the head of Bank Pembangunan failing which sack him!

Background stories:

Stay Tuned – Next Change soon after the Raya break in this coming week.

In the interim, wishing all Muslims “Selamat Hari Raya Aidilfitri Mohon Maaf Zahir dan Batin”.

“Budak Tingkat 4” Arę Running Amok!

Yours truly’s speech in Parliament

Updated on 23.4.2022.

Just as we thought that both Tan Sri Nor Yakcop, the then Minister in the Prime Minister Department, and Tan Sri Zarinah Anwar, the then Security Commission Chairman, had disappeared from the scene so were the “Budak Tingkat 4”, it is now transpired that there are many “Budak Tingkat 4” aka “4th Floor Boys” are back running amok in the GLCs, Security Commission, BANK NEGARA MALAYSIA and etc. It seems that there is one Tingkat 4 connected to the Minister too.

There is an unseen hand in putting in place the “Budak Tingkat 4” in the GLCs, government agencies and a Minister. This unseen hand, who had retired from politics for some years, is still very powerful and very much in play these days. He is still powerful to put in place the Budak Tingkat 4 in GLCs and several appointment in government. This retired politician is a household name in Malaysian politics 20 years. Rumour has it that he is still holding court several times a month with the Budak Tingkat 4 in an eatery in Damanasara Kim. May be planning all the appointments and doing deals!

It is an open secret that the “Budak Tingkat 4” were running very high and were then roaming the corridor of power with impunity! At that material time, even God feared them! “Tahu sama Tahu” who are the “Budak Tingkat 4” and they know it themselves.

The Famous Tan Sri Azman Mokhtar & Tan Sri Azman Yahya, The Governance Guru In BNM

Picture above: Tan Sri Azman Mokhtar and Rashdan (aka Danny) was the founder of BinaFikir Sdn Bhd, a consulting firm, which was incorporated in January 2002. Soon after it was incorporated, BinaFikir was appointed by MAS / Khazanah to restructure MAS. At that material time Tan Sri Noor Mohamed Yaakop was the then super powerful Minister of Finance 2. After the appointment of BinaFikir, in 2002 Azman / Rashdan aka Danny (co founder of BinaFikir) coined the term ”WAU” (Widespread Assets Un-Bundling). Under WAU, MAS was on a sale of strategic assets spree under the pretext of generating fund for MAS! Read HERE for details.

Thereafter in 2004, TS Azman Mokhtar was appointed as MD of Khazanah Holdings, HERE. Presumably TS Noor Yaakop was instrumental in the appointment. He held on to the post in Khazanah for far too long (2004 – 2018 – 14 years). During his reign in Khazanah there was embroiled numerous controversies.

Out of the blue, in December 2021, Azman Mokhtar has been appointed Chairman of Tabung Haji, read in HERE. Of course, there is no other more qualified person than Azman Mokhtar!!

Azman and Rashdan became the hero of the industry during the reign of Tingkat 4 / Badawi Adminjistraion.

In March 2020 TS Azman Yahya (in the above picture next the TS Azman Mokhtar) was appointed as a board member of BANK NEGARA. He was also handpicked to be the Chairman of Board of Governance in Bank Negara, a powerful position. During the Noor Yaakop and Azman Mokhtar days in Khazanah, Azman Yahya the Governance Guru was appointed to head Danaharta, which was embroiled with controversies too. Azman Yahya’s long list of appointments in government agencies and public listed companies are listed Bloomberg report in HERE. Presumably all these companies must be performing very well!

Perhaps the prerequisite of a person to be appointed to high position in BNM or other government agencies that oversee evaluation and approval for licences for licences or permits in BNM or government agencies, is one must be embroiled in controversies or some form of scandals!!

During the height of the scandalous MAS-AirAsia Share Swap (SUAP), which was the brainchild of Azman Mokhtar of Khazanah and another financial genius Nazir Razak (ex-CEO of CIMB Bank and now head of Bank Pembangunan and Danajamin), the said “GOVERNANCE GURU” Azman Yahya was appointed as a board member of MAS, HERE & HERE. Of course, the Governance Guru has no clue about aviation industry except to do … . Tau sama tau la!

The said WAU and the MAS-AirAsia Share SUAP were totally failed projects as there were hatched in a wanton manner by several Budak Tingkat or its group with certain agendas, which are best known to them. It was a case, “Bina tak Fikir” Project!

Azman Yahya is a famous man whose name surfaced every where – even in a private property disputes between Kamaluddin Abdullah and Naza. Please read in HERE.

The Woman of The World, Datuk Rohana Rozhan, the Tim Leissner’s Playmate!

It was at the same time as Azman Yahya that famous and powerful Datuk Rohana Rozhan, ex CEO of ASTRO, was also appointed to the board of MAS. It was revealed in New York Court by Tim Leissner of Goldman Sach that he was then having “Fun” with Rohana for many years and she had blackmailed him to buy her a house worth £10 million in London in exchange for not exposing him of his involvement in the 1MDB scandals, HERE. This was the professional standard of an editor of a news agency then. Lets hope that now most if not all the editors of newspapers and news portal are professional.

These “Budak Tingkat 4” and/or their cronies are very powerful and influential who were and are holding high positions in the country administration including Bank Negara Malaysia.

BANK NEGARA, The Nation Central Bank

We can only hope that the Governor of our Central Bank (Bank Negara Malaysia), Tan Sri Nor Shamsiah, will put protecting the image, integrity of BANK NEGARA and more importantly PUBLIC INTERESTS well above the desires of someone in the evaluation of which 5 companies of the 29 are really qualified to be awarded with the Digital Banking Licence and/or Buy Now Pay Later Scheme (BNPL). For the background of Digital Banking Licence please read in HERE.

It must be noted that if Digital Banking Licence /BNPL are in the wrong hand, it can only spell disaster for the financial market in Malaysia and bring untold miseries to the Rakyat!

As we all know that currently there are no rules or laws to regulate the operations of Fintech, Digital Banking Licence and/or BNPL. BANK NEGARA in a statement last week had admitted that BNM, SC and Ministry of Finance are NOW ONLY discussing about putting in place a new law called Consumer Credit Act to regulate the operations of Digital Banking Licensee and/or BNP, HERE. Can you all imagine this is happening in Malaysia! It is a case of “Closing the stable door after the horse has bolted”!

As it were there are many Rakyat have voiced out their concerns with easy approval to get loans many folds above the applicants’ salary for the BNPL Scheme. It seems it is getting out of control! Don’t tell us that BANK NEGARA Governor and her Tingkat 4 officers are oblivious to all the postings in Socmed!

Image and Integrity of BNM and Protecting Public Interests are of Utmost Importance

For the sake of our beloved Malaysia and the Rakya, we trust that the Governor Tan Sri Nor Shamsiah will strictly adhere to the stringent procedures and rules that have been put in place in BANK NEGARA and that she will not be pushed around to do someone bidding in the approval of Digital Banking Licence and/or BNPL licence or permit.

We also trust that BNM under the watch of Tan Sri Nor Shamsiah will not reduce itself to that of Security Commission under the watch of shameless Datuk Syed Zaid Albar, HERE. Don’t be one of the many “BINA tak FIKIR” gang!

We can only hope that Governor of BNM and others in BNM will be mindful of the unseen hand and the manipulations of “Budak Tingkat 4” and gang. Please be mindful that the Rakyat are watching closely in what BNM is or will be doing on the Digital Banking Licence and/or BNPL.

Stay Tuned.

Does MAS need Martin Gilbert Barrow as an Advisor?

Mr Martin Gilbert Barrow only academic achievement was GCE “A” Level

Updated at 9:30 pm on 9-7-2012.

Mr Martin Gilbert Barrow (Martin), who was appointed to the Board of MAS during the time when the late Tan Sri Azizan was its chairman in 2001.  At that material time, he has no aviation experience at all except that he was a friend of someone in the Board of MAS. Continue reading “Does MAS need Martin Gilbert Barrow as an Advisor?”

Genuine collaboration needs no share “SUAP”!

"Now Everyone Can Not Smile"

Updates @ 9:00 pm 1-5-2012: TV3 Buletin Utama has made an informed speculation that the MAS-AirAsia share “Suap” will be reversed tomorrow. If it does happen tomorrow then those appointed after the said secret share suap must also be reversed or terminated. The appointment of ex-ArirAsia officers like En Rozman Omar, now CFO of MAS and En Azhari Dahlan, now CEO of MAS Engineering and Mr Shane Nollan of PlaneConsult, as Acting Commercial Director of MAS should be terminated forthwith. They are unfit to hold those key posts in MAS due to their apparent conflict of interest. PlaneConsult itself should be terminated forthwith if it has been renewed at the tail end of its contract by the present the TRIO or Board of Directors.  PlaneConsult is a consultant for low cost airline and also the consultant for AirAsia and AirAsia X Sdn Bhd.

The above actions are very necessary to ensure that the CCF is genuine and will be implemented transparently,  and more importantly to ensure no conflict of interest in all decisions, which are so rampant in MAS now.  Of course, Rahsdan and gang, and those members of the Board of Directors must also be removed immediately. It is hoped that after the announcement tomorrow, the members of Board of Directors will take the honorable step to RESIGN forthwith.  If those personalities remain in MAS after the secret share swap has been reversed by YAB Prime Minister Datuk Seri Najib Tun Abdul Razak, another campaign will have to be launched to get rid of them. It is hoped that those unwelcome “GUESTS” in MAS will not overstay.  Rashdan, are you still around in MAS?

Ten months have elapsed after the MAS-AirAsia share swap and CCF, there is nothing positive came out of it except glaring conflict of interest. Genuine collaboration does not need a share swap deal to be successful. Continue reading “Genuine collaboration needs no share “SUAP”!”

AJ & Rashdan: “What Cost Cutting?” Part 5 – MAS uplifted Firefly passengers with Zero Fare

Firefly ticket

Updates @ 8:30 pm 26-3-2012: TV 3 News at 8: “SC said there is a basis to investigate into MAS for insiders trading related to the MAS – AirAsia share swap. But SC cleared AirAsia for it.” Next posting will be on what AJ and Tan Sri Azman Mokhtar briefed the MPs in Parliament in Parliament House this afternoon..

In November 2010  Firefly commenced its commercial jets for domestic routes and begin with crossover routes, e.g. Kota Kinabalu and Kuching, on Jan 15. Asean will be its next stop. Firefly started to operate new routes with is jets to compete with AirAsia. Competition is, of course, good for consumers/travelers. AirAsia and AirAsia X Sdn Bhd began to feel the heat. Read HERE. Continue reading “AJ & Rashdan: “What Cost Cutting?” Part 5 – MAS uplifted Firefly passengers with Zero Fare”