December 25, 2009

Malaysia: We Aren't Bigots, Are We?

"A DAY IN THE LIFE OF AN ORDINARY MALAYSIAN" encapsulates the spirit of friendship in days of old before politicians 'screwed' it all up. During the days of the first premier, solutions to community problems between the races were easily settled over a durian party or a curry puff and teh tarik;these days it is not that easily done.

This nostalgic piece was written by Mariam Mokhtar on December 14. It was featured in the Malaysian Insider,an online newspaper on 26 December 2009. It makes interesting reading.

I append it whole-sale.

"I wake up and retrieve the newspaper lodged in the letter-box. My “[K....g] paper” has delivered it faithfully, come rain or shine.

I go to the kitchen and make breakfast. Into the toaster goes the bread sent to my home, the previous afternoon, by my “[K....g] roti”. It has been made by the local bakers, the FBI — Federal Bakery Ipoh — owned by an [Indian Muslim convert].

But if I am out for breakfast, it is usually a roti canai at my local Indian’s. Followed by a char koi tiau snack from “auntie”, a Chinese lady.

Halfway through the morning, the sound of a horn alerts me that Ah Fatt,our “grocer on wheels”, has arrived. He brings me fresh vegetables, fish and the usual dried condiments.

Once a month, our local “[K....g] botol” comes round to collect our empty bottles. Our “Cina paper” too comes to collect the old newspapers.

My neighbour comes round with some pisang [banana] grown in her garden. She is Indian, married to a Chinese policeman. I am grateful for his tips on how to keep my house secure. When my ubi kayu harvest is plentiful, I’d go round and return her kind gesture.

I have a gardener. His name is Velu. From the name, you can guess he is Indian. He is much adored by my children. If my son is not in his room, I know where to find him — under the mango tree, in the garden, sharing chapatti, dhall and “tapau” teh tarik with Velu. I told my son off for demolishing Velu’s packed breakfast, but Velu was happy to share his meal. Both were sporting toothless grins — Velu has no teeth and can’t afford dentures. My toddler has just lost his two front teeth.I’ve no idea what they chat and laugh about. Sometimes not a lot of gardening gets done. But who cares? At least they're happy. When Velu died, my son was distraught. He had been with our family for decades and refused to be pensioned off.

My general practitioner for the usual coughs and colds is Chinese. All women have a gynaecologist — mine is Indian. And my dentistis Chinese. These people provided services to my parents in the past, and I simply carried on with them. No complaints. Good service. Reasonable fee.

I did go to a Malay doctor once, but he was more interested in “tackling” my younger sister. I dismissed his lack of professionalism as testosterone driven. He was still a bachelor then.

And on the second visit, years later, he was fishing for information about other members of my family. One personal question might be excusable. But twice is too much of a coincidence. I never did return to him. In my eyes, his professional conduct was compromised by these intrusions. I know I shouldn’t be generalizing, but this was my personal experience.

When I had to be admitted to hospital, the surgeon who operated on me was Indian. The nurses were either Chinese or Indian.

I once had to use the services of a lawyer — an Indian.

The person who supplies me with stationery is a Chinese woman married to an Indian man. She once supplied my father’s business with his office stationery needs.

When I once had a leaky water tank, the plumber who successfully mended it was an Indian. He now takes care of all the house’s plumbing repairs. He was my parents’ plumber too.

When my house needed new electrical wiring, the electrician was a Chinese person. When I needed outside electrical work to be done, the electrician was Indian. Both had provided long-term services to the family.

Before Raya, I would go to my Chinese tailor to make my baju kurung. My hair is cut by a Chinese woman. As before, these people once supplied my mother, all her tailoring and hair-grooming requirements. My father’s barber is an Indian.

Again, before Raya, my mother’s Chinese friends at work would send tins of “love letters”, kueh kapit, for us to enjoy and serve at our open house. And early on Raya day itself, several plates of pie tee would arrive and my father’s Indian colleagues would send a big pot of chicken curry and putu mayam. The dining table groans with our rendang and the contributions from our friends, of all races and religions.

For several decades, until my parents were too old and infirm to receive guests, we would have an open house that was a riot of people sporting various national costumes. A real melting point — a true reflection of Malaysia.

These people once provided my grandparents and my parents essential services. Either that, or they were colleagues at work, or friends from their younger days. They, who have grown old alongside my grandparents and parents.

And now, people are telling me that these non-Malays whom I have grown up with and who have remained friends, through thick and thin, are second-class citizens? That they do not deserve to be Malaysians? That they are far inferior to me?

So am I to believe that should my neighbour’s husband, a Chinese, make the ultimate sacrifice in the line of duty, that his life is not as valuable as a Malay police-man’s?

"Who are these self-serving, self-righteous bigots kidding?"

Anyone would like to do a Masters in Sociology on how to improve upon ethnic relations in Malaysia? That should also make interesting reading.

Malaysia: On a Hope and a Prayer

It was an uneventful year at the Malaysia bourse. Those who got into the market in April made their cash pile and exited. That money must have gone into buying houses, renovation or bringing the family abroad for a holiday.

The other die-hards stayed on, averaged down on dips and continue to see losses. So who do the authoirites blame? Yes, on the lack of foreign interest and continuous selling out by foreign investors.

So on the wing of a prayer, the fund managers and 'futurologists' of the stock market i.e. the investment banks are expecting foreign interests to return and to go after key blue-chip government-linked companies and blue-chips with regional aspirations

FOREIGN interests are expected to return to Malaysia's equity market next year due to the announcement of the country's revitalisation and further liberalisation measures.

OSK Research, in its Investment Strategy for 2010, said foreign interests are expected to go for key blue-chip government-linked companies (GLCs) and blue-chips with regional aspirations.

It said the level of foreign shareholding in the broader Malaysian market and in blue-chips has fallen from the high in early 2007.

"It is only in a few select companies such as CIMB, that we see foreign ownership rose somewhat in the second half of 2009," it said.

OSK said blue-chip GLCs that had seen a lot of foreign selling previously such as CIMB, Axiata and Tenaga Nasional, would actually be among the key beneficiaries when these foreign interests return to Malaysia in a big way.

"Blue chips with regional aspirations like Genting and Hong Leong will also attract foreign interests," it said.

OSK said its three-pronged investment strategy for next year includes buying shares in firms which are likely to benefit from growing ties between Malaysia and China, the world's new growth engine.

Another is buying laggard blue-chips, including GLCs that would benefit from an increasingly performance-based culture, it said.

"Companies with regional growth endeavours will be a bonus," it said.

Let us see whether there is any foreign action when the new morn dawns in 2010 which is just mere days away.

December 24, 2009

The Many Faces of Christmas 2009

I have scouted for pictures. These are great and bring on the mood of the yuletide spirit. Have yourself a blessed Christmas and may the new year brings wondrous joy to you!





AS1M-Poor Product,Poor Response?

This will be the third time that the subscription of the Amanah Saham 1Malaysia (AS1M) share trust units managed by Permodalan Nasional Bhd (PNB) has been extended. The current deadline is December 31, 2009.

PNB Group CEO,Hamad Kama Piah Che Othman, said the extension, given according to the community allocation, will be third after the Sept 30, and Dec 31, 2009 deadlines.

To date, a total of 3.06 billion units of the AS1M have been subscribed by 235,288 investors. So far, 85 per cent of the quota given to the Chinese community has been subscribed, while another 21 per cent of the quota for Indian investors have been bought.

PNB said it will have road shows nationwide to promote the AS1M, beginning with Perak and Sarawak in January. Promotions will be also carried out in Sabah, Terengganu, Pahang and Melaka.

AS1M, a fixed price fund with a size of RM10 billion units, was launched on July 31 this year by Prime Minister Datuk Seri Najib Tun Razak. It is opened to all Malaysians with an allocation of 50 per cent for Bumiputera, 30 per cent for the Chinese community, 15 per cent for the Indian community and five per cent for others.

The silence on the uptake of the Bumiputra portion of AS1M is deafening!

Malaysia: New Currency Declaration Rule

Hot on the heels of the illegal transfer of huge amounts of cash out of the country, johnny-come-lately Bank Negara Malaysia is just warming up to the issue.

As usual, they use lofty terms to premise their belated actions.

In line with the global effort to combat money-laundering and terrorism financing, BNM has now issued a new currency declaration requirement at all entry and exit points in the country.

As usch, effective January 1,2010, travellers entering or leaving Malaysia with cash and/or negotiable bearer instruments (traveller’s cheques, bearer cheques) exceeding US$10,000 (RM34,000) must make a declaration in form Customs No. 22.

“The forms will be available at counters located before the Customs checkpoints at all entry and exit points of the country.

“Travellers could be fined up to RM1mil and/or face imprisonment not exceeding a term of one year if they fail to declare or make a false declaration,” it said in a statement here yesterday.

BNM said this was required under section 23 of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 and was in line with the Special Recommendation IX by the Financial Action Task Force which required countries to have measures in place to detect physical cross-border transportation of cash and negotiable bearer instruments.

“This new requirement is in line with global efforts to combat money-laundering and terrorist financing activities.

“Canada, Britain, Australia, New Zealand, Japan, Philippines and Singapore have adopted the same declaration requirement,” it said.

But why now, when a sitting Chief Minister and other wealthy individuals have absconded with so much money?

But there is Santa Claus!

Eight-year-old Virginia O'Hanlon wrote a letter to the editor of New York's Sun, and the quick response was printed as an unsigned editorial Sept. 21, 1897. The work of veteran newsman Francis Pharcellus Church has since become history's most reprinted newspaper editorial, appearing in part or whole in dozens of languages in books, movies, and other editorials, and on posters and stamps.

"DEAR EDITOR: I am 8 years old.
"Some of my little friends say there is no Santa Claus.
"Papa says, 'If you see it in THE SUN it's so.'
"Please tell me the truth; is there a Santa Claus?

"VIRGINIA O'HANLON.
"115 WEST NINETY-FIFTH STREET."

VIRGINIA, your little friends are wrong. They have been affected by the skepticism of a skeptical age. They do not believe except [what] they see. They think that nothing can be which is not comprehensible by their little minds. All minds, Virginia, whether they be men's or children's, are little. In this great universe of ours man is a mere insect, an ant, in his intellect, as compared with the boundless world about him, as measured by the intelligence capable of grasping the whole of truth and knowledge.

Yes, VIRGINIA, there is a Santa Claus. He exists as certainly as love and generosity and devotion exist, and you know that they abound and give to your life its highest beauty and joy. Alas! how dreary would be the world if there were no Santa Claus. It would be as dreary as if there were no VIRGINIAS. There would be no childlike faith then, no poetry, no romance to make tolerable this existence. We should have no enjoyment, except in sense and sight. The eternal light with which childhood fills the world would be extinguished.

Not believe in Santa Claus! You might as well not believe in fairies! You might get your papa to hire men to watch in all the chimneys on Christmas Eve to catch Santa Claus, but even if they did not see Santa Claus coming down, what would that prove? Nobody sees Santa Claus, but that is no sign that there is no Santa Claus. The most real things in the world are those that neither children nor men can see. Did you ever see fairies dancing on the lawn? Of course not, but that's no proof that they are not there. Nobody can conceive or imagine all the wonders there are unseen and unseeable in the world.

You may tear apart the baby's rattle and see what makes the noise inside, but there is a veil covering the unseen world which not the strongest man, nor even the united strength of all the strongest men that ever lived, could tear apart. Only faith, fancy, poetry, love, romance, can push aside that curtain and view and picture the supernal beauty and glory beyond. Is it all real? Ah, VIRGINIA, in all this world there is nothing else real and abiding.

No Santa Claus! Thank God! he lives, and he lives forever. A thousand years from now, Virginia, nay, ten times ten thousand years from now, he will continue to make glad the heart of childhood.

A Splash of Cool Water

This is a great graphic presentation of the effects of a splash of cool water on a hot humid day.


Enjoy!