Pakatan’s doomsday talk is bankrupting Tabung Haji and Felda
With the political and financial chaos the country is facing, and with the many cases of corruption involving Pakatan Harapan leaders, the main question is: can the Pakatan Harapan government survive until GE15 in 2023 or will the government fall by 2020?
NO HOLDS BARRED
Raja Petra Kamarudin
The government has set aside RM10 billion in the event there is a run on Tabung Haji and depositors want to take their money out of the pilgrim’s fund. Felda, in turn, has asked the government for RM6 billion to save it from bankruptcy.
That is what happens when you keep telling the world Malaysia is going bankrupt. The confidence level declines and the market drops. And last year the market lost RM270 billion.
Clare Rewcastle Brown spearheaded the successful anti-palm oil campaign
Sarawak Report was the main mover behind the anti-palm oil campaign. Sarawak Report received millions in funding from various sources and after years of campaigning they finally succeeded in getting a number of countries to boycott Malaysian palm oil. And the boycott is growing.
China would have been able to make up for the drop in palm oil orders from the west, but because the Malaysian government called the Chinese a bunch of thieves and crooks, the Chinese market is not growing at the rate Malaysia had hoped. It is basically a case of Malaysia slaying the goose that lays the golden egg.
Malaysia called the Chinese thieves and crooks
This is what is called a self-inflicted wound. In the effort to paint a doomsday scenario and convince the world that Malaysia is going bankrupt, the two biggest Malay institutions, Tabung Haji and Felda, have to bite the dust.
Pakatan Harapan is hoping the Malays would get hurt enough to get angry and blame Najib Tun Razak and Umno for the financial ruin they are facing. The problem is, people tend to blame the government of the day when they suffer any calamity and in this case they are blaming Pakatan Harapan for the problem.
With the political and financial chaos the country is facing, and with the many cases of corruption involving Pakatan Harapan leaders, the main question is: can the Pakatan Harapan government survive until GE15 in 2023 or will the government fall by 2020?
The Penang Undersea Tunnel concessionaire paid RM22 million in bribes to save Lim Guan Eng from corruption charges
