This is a tribute to the selfless mountain guides who participated heroically in the rescue of stranded climbers on Mount Kinabalu in the aftermath of the recent quake.
Save Pulau Jerejak from ‘real estate activity’
The Penang state government should not sell its 49 per cent stake in Tropical Island Resort on Pulau Jerejak to Uda Holdings Berhad as it will only add development pressure on this green satellite island.
How earthquake-proof are our highrise buildings?
The 19 deaths in Sabah were the first fatalities from a quake in Malaysia in living memory. We mourn the loss of lives and commend the courageous rescuers who worked tirelessly to reach the climbers.
The fatalities should serve us a wake-up call in terms of our preparedness and the precautions we should take to minimise casualties from future quakes, not only in Sabah but across the country.
Hahaha, you can’t legislate against laughter
One of the unanticipated outcomes of yesterday’s Nowhere-to-Hide… I mean, Nothing-to-Hide forum was that it led to half the nation ROFLOL (rolling on the floor, laughing out loud).
Video: Dr M gets taste of own medicine as cops stop him from speaking on 1MDB
Speaking in a packed hall of this morning, Mahathir claimed the Terengganu palace did not agree to the initial RM5bn bond borrowing under the newly set up Terengganu Investment Authority with the collateral being the oil wells in the state.
1MDB tries to explain ‘missing’ RM27bn – but few will be convinced
This infographic was prepared by 1MDB. The column on the left totalling RM14.1bn is basically culled from Mahathir’s tabulation of what he felt 1MDB had spent.
How 1MDB spent RM42bn
The Edge’s tabulation yesterday was slightly different from Mahathir’s earlier tabulation. But no matter which list, plenty of questions are raised.
Malaysia’s foreign exchange reserves slide over last three years
source: tradingeconomics.com
The speculation is that the reserves are being used to defend the ringgit, which has been slipping, one of the sharpest losses in Asia, over concern arising from the drop in oil prices among other factors. The outlook for the ringgit also depends on the future direction of the US dollar and US interest rates.
RM per US$1 exchange rate for over the last year.
Selling an illusion in the face of a property bubble
It is laughable what some desperate agents resort to when confronted with a real estate bubble. But the gimmick reveals what players in the industry are adept at doing: creating an illusion or ‘image’, a sense of exclusivity to sell otherwise hard-to-sell real estate.
That sinking feeling … Najib’s position looks increasingly untenable
Limbo low now, how low can we go – before things get better? (By the way, where is Jho Low now?) Everywhere you go, you hear gloom about the state of the economy – and this public sentiment is not without basis.
The following graphs speak volumes about the state of affairs of the country:
Malaysia’s external debt stood at a staggering RM745bn in the fourth quarter of 2014. And that would exclude contingent liabilities and off-budget/off-balance sheet items. This is the graph for the last five years:
Source: tradingeconomics.com