I am not sure what Bank Negara officers are doing in the task force to investigate The Wall Street Journal’s expose that US$700m allegedly landed in Najib’s bank accounts.
EXPOSED: Key documents from government probe of Najib
The Wall Street Journal has published what appear to be damning documents from a Malaysian government probe of bank tranfers of money into accounts in AmBank Islamic belonging to Najib.
See the government probe documents here.
Meanwhile, six bank accounts have been frozen.
It is difficult to see how Najib can extricate himself from this situation.
Mob disrupts DAP kopitiam dialogue in Johor (Videos)
While the fallout from the allegations in WSJ and Sarawak Report simmers, a mob disrupted a DAP briefing in Johor yesterday.
WSJ stands by its report; Najib must explain
Meanwhile check out the Aliran media statement by P Ramakrishnan and another statement by the Aliran ExCo asking Najib to either take legal action against Sarawak Report and WSJ immediately or step down now.
When stuff hits the fan
Uproar over social media. All the reading for today:
Sarawak Report: SENSATIONAL FINDINGS! – Prime Minister Najib Razak’s personal accounts linked to 1MDB money trail
Wall Street Journal: Investigators believe money flowed to Malaysian leader Najib’s accounts amid 1MBD probe
Asia Sentinel: Could this be the Smoking Gun for Malaysia’s PM?
Global oil price drops but pump prices up 10-20 sen
The wonders of our float system as our pump prices go up even as the global oil price in an oversupplied market hits a three-week low. How is this possible?
Poll: What is your monthly household income?
From our last poll, it appears that almost 60 per cent of you felt that affordable housing would be any home priced up to RM240000 rather than RM400000. (Mind you, this would be what is affordable to the middle class rather than the low-income group, who would struggle to buy even a RM72000 home.)
This figure of RM240000 also tallies with a Penang Institute researcher’s opinion that the price of an affordable home should be between RM180,000 and RM240,000, three to four times the average household yearly income (based on about RM5000 per month in 2012), in line with the international yardstick for what constitutes an affordable price for a home.
Is that why there is a glut in ‘affordable housing’? (Because many would be unable to afford housing from RM240000 to RM400000.)
Let’s do another poll of monthly household income (husband and wife’s combined income only) and see if that supports the finding in the earlier poll and compare the outcome to the eligibility criteria of income thresholds for ‘affordable housing’ as laid out by the state government. But bear in mind that based on the demographic profile of readers of this blog, the poll result would probably be skewed towards the incomes of the middle- to upper-middle class strata of the population.
Poll: What would you consider to be ‘affordable’ housing?
Ten questions that remain unanswered by Thai arrest of PetroSaudi IT exec
The publicity surrounding the arrest of a PetroSaudi IT executive smacks of a public relations exercise intended to divert attention from the major questions surrounding 1MDB.