Is Mahathir and Daim squeezing Lim Guan Eng's balls?

Is Mahathir and Daim squeezing Lim Guan Eng's balls?

The prime minister’s bizarre appointments

Kua Kia Soong  |  Published:   |  Modified: 
Secondly, did the prime minister at least confer with the former IGP’s victim, Anwar, since Anwar is going to be the prime minister-designate very soon? I would be very surprised if Anwar had agreed with this appointment of his former abuser as Malaysia’s special envoy. Do I sense mischief (Thou art afoot…) in all these shenanigans?
This principle of reputation and integrity of our public officials is everything to do with our attempts to create a “new Malaysia”. As the philosopher Christina Turner reminded us: “What’s love (and forgiveness) got to do with it?”
 

KUA KIA SOONG is Suaram advisor.
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MANY CONTRACTS ARE GIVEN TO MAHATHIR'S FAMILY AND CRONIES LIKE VINCENT TAN HAS TAKEN OVER PROJECTS WORTH RM100 BILLIONS ALL WITHIN 120 DAYS AFTER TAKING OVER THE GOVERNMENT FROM UMNO.
MAHATHIR HAS APPOINTED CROOKS AFTER CROOKS TO RUN THE COUNTRY YET NOT A MURMUR FROM THE PARTNERS IN PH.
LGE HAS BEEN GIVEN THE FINANCE POST BUT HAS TO SHARE HIS POSITION WITH AZMIN ALI WHO HAS BEEN GIVEN A HIGHER AUTHORITY.  PAST RECORD HAS SHOWN THAT LGE IS CAPABLE  OF BRINGING IN FOREIGN INVESTORS  WORTH BILLIONS. WHILE AZMIN ALI AS MB OF SELANGOR HAD NEVER BEEN ABLE TO DO THE SAME. NOT MANY PEOPLE REALISED THAT AZMIN ALI HAD FAILED MANY TIMES TO BRING IN FOREIGN INVESTORS TO SELANGOR AND HAD TO RELY ON EX MB KHALID AND DAIM'S CONNECTION.
I AM CURIOUS WHETHER MAHATHIR AND DAIM ARE SQUEEZING DAP BECAUSE OF LGE'S COURT CASE AND ANTHONY LOKE CAUGHT SELLING OUR TRANSPORT DATA TO CHINA.  THE YOUNG TIGER IN DAP, GOBIND SINGH HAS KEPT QUIET ABOUT THE TELEKOM CONTRACT TO MOKHZANI MAHATHIR TOO.
IT IS FANTASTIC THAT THE EX OPPOSITION PARTIES ARE NOW TURNING TO BE LIKE MCA, MIC AND UMNO PARIAH DOGS.
PH NOW STAND FOR PARIAH HOOKWINKERS.

Mahathir fucking the nation


Within 100 days of taking over the government, Mahathir, Daim, Zeti and Shamsiah transferred RM66 billlion to their Swiss Account.

Within 100 days Mahathir make his son Mukhriz the MB of Kedah even though another candidate has been appointed by the Sultan of Kedah.

Within 100 days Mahathir gave his son Mokhzani, Telekom Malaysia contract.

After 100 days Mahathir gave his son Mirzan the right to supply fuel to government vehicles.

Before the end of 2019 Mahathir will change the Malaysian ringgit to Mokhzani cryptocurrency.

Meanwhile Mahathir is going back on his words by employing back all the dirty crooks to ensure that Anwar cannot be the next Prime Minister and also Pribumi will be the King Maker in the GE15.

I want to ask those within PH, WHAT THE FUCK IS HAPPENING?
MALAYSIANS DID NOT VOTE FOR A CHANGE IN GOVERNMENT SO THAT MAHATHIR AND DAIM CAN CONTINUE THEIR HABIT OF STEALING, CHEATING AND GIVING CONTRACTS TO THEIR CHILDREN AND CRONIES AND CHEATING IN THE NEXT ELECTION.

SOLAT HAJAT FOR MAHATHIR TO DIE THIS YEAR.

Dangerous Liaisons With Alibaba and Tencent


Thanks to Alibaba and Tencent, the Chinese markets are headed for "something big". I cannot determine just what it will be but it will be big and probably disastrous. This all stem from the might and size of both companies. 

Just how powerful are they? They are like the genie who can determine who will get rich. Both companies have invested liberally and sporadically into almost everything internet in China.

Tencent is a bit faster in investing in viable startups, probably as an extension of monetising its 1 billion over WeChat users.

There are about 77 private Chinese internet companies valued at $1bn or more that are owned by Tencent and Alibaba. Together they have a cash hoard of over $60bn.

Here are just some of these billion dollar startups, which should be listing in the near future (within the next 2 years) that have been partially or substantially funded by the two giants:
China Literature $6.2bn (Tencent)
Didi $56bn (T & A)
Ele.me $9.5bn (Alibaba)
Meituan $30bn (T & A)
Meizu $4.8bn (Tencent)
VIPKid $3bn (Tencent)
Sense Time $4.5bn (Alibaba)
Pinduoduo $21bn (Tencent)
Guahao Tech/WeDoctor $6bn (Tencent)
Zhongan Insurance $6.5bn (Alibaba)


Its The Platform, Stupid

The root of the problem is the platforms that Alibaba and Tencent would afford to its investee companies. Almost immediately, the startups will get recognition, leverage, a more than critical mass market for their products, inter connected marketing push, etc.

Startups really have little choice but to take money from the two giants. The big guys' sales pitch is always (uttered or non-verbalised) that if they don't take their money, they are going to invest an even bigger amount in their competitor. What choice do they have but to say yes.


The U.S. Experience

The same could almost be said for Apple, Amazon, Facebook and Alphabet (Google Ventures). However, the US experience showed that most of them are more likely to buy them 100% outright and then assimilate them under one company.

It seems that Tencent and Alibaba are more interested to punt and play the finance/market game, whereby a listing can bring forth speculative riches to their coffers. To assimilate startups would be more difficult and work-ladened in that they will then have to work out the synergies and efficiencies.

To be fair, Alibaba is more inclined to assimilate some of the startups, but not Tencent. Their respective business models may explain that: one relies on monetising the 1 billion WeChat accounts while the other is a genuine internet commerce transactions business model.

A 20%-50% stake would allow them to exit gloriously but "business builders" they are not really in the true terms of the words.


Over Reliance

Already there have been 24 companies (over the last 2 years) which have indicated or flagged in their IPOs that Tencent or Alibaba are risk factors. Tencent or Alibaba could adversely affect the business of these 24 companies if there happens to be a fallout between the companies and the two giants (who are usually substantial shareholders as well).

To get a sense of how ridiculous the situation is. A startup will no longer say "we are going to list on Shanghai Exchange or Shenzhen Exchange"..., it would be closer to the truth if they said "we are going to be listed via Tencent/Alibaba".


Danger

Danger is the "interlocking relationships" which already give rise to collusions and manipulations. If you control enough listed companies, say 20 or 40, on one exchange, who is to say you do not "MANAGE" earnings between one or the other??!!

Another is that both Tencent and Alibaba can and will get so big with its array of 50-100 listed companies that they may end up controlling 20% of the total market capitalisation of an exchange. What if that figure goes to 30%? What if its 40%? Left unabated, its the recipe for the biggest bubble ever.


Governance

The US has a stronger regulatory regime. China needs a strong Anti-Monopolies unit to make specific recommendations. You may not be able to stop Alibaba or Tencent in investing in startups, but may could include rules that forces both of them to hold less than 5% upon listing.


That will make it more realistic for investors to view the company being listed. Or determine that if more than 50% of earnings were derived from ONE FACTOR or CLIENT, that these startups cannot get listed. 

If more than 50% of your earnings depended on being on Tencent's platform, there's really no reason for you to be listed because you cannot do without Tencent. Its more meaningful and fairer to absorb the whole unit under Tencent.


Beijing's Balance Beam

Beijing better start muscling in to regulate and govern the rise and rise of tech giants in China for its own sake. The flip side to the current trade wars is the inherently unfair practices by China over global patents and its royalties. To a large extent, that is to help Chinese tech firms grow without much baggage. The time has come to rebalance the two. Rein in your top few tech giants, and be more forthcoming and pliable with respect to global patents and royalty payments.



Story of Yanxi Palace vs Ruyi's Royal Love In The Palace




What is probably trending over half the globe. I think about 30%-40% of the world's population is currently totally enamored by two Chinese palace intrigue dramas as Ruyi's Royal Love In The Palace (airing on online platform Tencent Video) and The Story of Yanxi Palace (which has a cumulative 11.5 billion views since its release last month).  Not only in China were these megahits but across the overseas Chinese diaspora as well. Be it Vietnam, Malaysia, Singapore, Taiwan, Australia, Canada, USA, etc... If you are not watching, ask yourself why. No right or wrong reasons here.
Ruyi boasts a star-studded cast including Zhou Xun, Wallace Huo and Joan Chen. It is based on a novel by Liu Lianzi and is a sequel to 2011's hit drama Empresses In The Palace, also based on the novel by Liu.
It has drawn all the attention, and surprisingly both are based on the era of Emperor Qianlong Wang during the Qing dynasty.
However, these are not pure historical pieces. The writers have taken a lot of liberty in the characters and plots. Wei Yingluo, the protagonist in Yanxi, who is also one of the main characters in Ruyi, but her name is changed to Wei Yanwan and she is a villain in Ruyi.
Comparisons between the two productions were unavoidable. So far, viewers have been saying that Ruyi lacked the aesthetics of Yanxi.
Politics Behind Period Dramas
Ruyi was shot in 2016 and was originally slated for a late 2017 release. With the Chinese government’s passing of the "limit historical drama order" in 2017, which places a strict quota on broadcasting historical period dramas on national television, the airing for Ruyi was put in limbo. 
According to the order, provincial satellite stations like Dragon Television and Jiangsu Television are only allowed to dedicate 15 percent of its airtime to historical period dramas—in other words, satellite stations could not air more than 110 episodes of historical period dramas per year.
With the restart of a new cycle, Dragon TV and Jiangsu TV finally have room to air Ruyi on their stations.
Why is Beijing so careful with period dramas? I guess they do not want the era of dynasties to be painted too romantically. Are they fearful that the public would then ask for a return to monarchies? So silly.
The fact that most period pieces take huge liberties with real events will make it very difficult for current and future generations of Chinese to separate truth from fiction anyway.
Which Is Better
During its first week of release on online video platform iQiyi, “Story of Yanxi Palace” received over 500 million hits at home and abroad. The new drama also smashed the record of iQiyi’s Taiwanese site by gaining over 1 million hits within a week.
The big success of “Story of Yanxi Palace” is partially attributable to the delay of the highly-anticipated costume dramas “Ruyi’s Royal Love in the Palace” and “Legend of Ba Qing,” which have repeatedly failed to pass Chinese official censorship.
Without divulging plots and the intricacies... I have to vote for Story of Yanxi. Thanks largely to the superb acting by the top 5 ladies. Wu Jinyan, in particular, carried the series with aplomb. You gravitate towards her. Wu Jinyan has the acting chops similar to, in my view, the current best Chinese actress Zhou Dongyu.

Both are highly watchable, esp Story of Yanxi. You will learn a lot about sabotage, mercy, resourcefulness, evils that can prevail from a person, pragmatism, deceit, alliances that matter, etc... much like your real working life. Love was never a strong endgame or consideration - strategic positioning for power and influence were.

The key attractions for most viewers, I think, are: people who are somehow fated to be in a certain environment will fight against fate, and the varying levels of hate and evil colored by shades of grey as nothing is ever black or white.
Both are rightfully splendid productions about strong women. Emperor and eunuchs are merely pawns to be maneuvered. In an era (much like now even) where men reign supreme and womenfolk were of much lower status, it is gratifying to see them empowering themselves somewhat. Never underestimate what a woman can do.



I guess that is why the creator of chess game only allowed the King to move one space while the Queen is the most powerful piece.

Funniest Visual Depiction Ever





Believe it or not, this visual was probably shared in a church setting as a learning tool for preachers and motivated church seniors. How their jobs intersect were both inspired and insidious. But it also revealing in that it forces all of us to question the underlying motives and relevance of our "jobs/mission". 

Without Water, You Can't Cook Shit


Yes, its that time of the year again where we learn more about our history. Hari Ini Dalam Sejarah ... Many Malaysians have been misinformed and had the wrong perception that hawker food originated from the Peninsula and East Malaysia. 



SINGAPORE: Hawker culture will be nominated by Singapore for a possible listing on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity, Prime Minister Lee Hsien Loong announced on Sunday (Aug 19) in his National Day Rally speech. 
The list, which was developed in 2008, is made up of intangible cultural heritage elements from different countries that showcase the diversity of such things from around the world. This is with the aim of increasing their visibility and raising awareness about their importance so they can be safeguarded. 

Read more at https://www.channelnewsasia.com/news/singapore/ndr-2018-singapore-nominate-hawker-culture-unesco-heritage-10631126



The truth is, according to a Singapore investigative TV program 58 Minutes (not 60 cause they are so bloody efficient and 8 is lucky), ... prior to Merdeka (which also meant prior to Singapore being separated from Malaya), hawker food of any kind ONLY existed in the small island of Singapore. This was because nobody can cook well in Malaya except in that small island. Every single dish that we enjoy now emanated from Singapore. Stop arguing already. We Malaysians were merely copying them from the start. Let's admit that and move on. Thank you Singapore.


Seriously, CBMFs ... without the water from our side, you can't even cook SHIT!!!




The Future For Equity Funds

No Annual Fee Fund By Fidelity

The biggest news to come out for a long time for equity funds has to be the announcement By Fidelity Investments that they were introducing two index funds without annual expense charges on August 1st. The ramifications were quite apparent as stock prices for Franklin Resources and Legg Mason eased significantly.

The last 15 years have seen the rise and rise of indexed funds, pioneered by Bogle's Vanguard. The future for active fund management seems to be reminiscent of Jebediah and his horseshoes cobbling business.

The no annual fee index fund by Fidelity reeks of someone scheming to pull them all in and upselling other products to them. The premise was further justified by its policy to only offer the no-fee fund to retail investors and not funds or institutions.

The trend of indexing does not look to be stopping anytime soon. In 2010, Vanguard surpassed Fidelity as the largest manager of mutual fund assets. It had in 2010 $5 trillion compared to Fidelity's $2.5 trillion. The rise of indexing was not only growing, the net effect of investors pulling out of actively managed funds compounded the effect. In 2017 alone, investors pulled $55b from Fidelity's actively managed funds.


The Indexing Trend

The trend of opting out of actively managed funds is worth examining. It is not based on the performance of the fund alone, surprisingly. Danoff, who took over Fidelity's $131b Contrafund in 1990, has seen steady redemptions by investors over the past few years despite his record of BEATING the S&P by an average of 3 percentage points A YEAR.

How is indexing affecting the rest of the fund management market? Well, hedge funds are finding it near impossible to raise funds unless they are proven and has the consistency of returns above 15% a year for at least 3-5 years. Even the 2-20 rule is almost obsolete: 2% annual management fees and 20% shares of profits.

The Lure Of Risk Aversion

Are market forces mushrooming to divert most of investing funds into indexing? Isn't that a bit average? Or is it that the risks of poor performance by pension funds outweighing the benefits of outperformance - is that driven by miss the targets, you are fired mentality... doesn't that reward mediocrity? 

The Depletion Of Alpha Returns

Or has retail investor given up on chasing the alpha returns? Or the era of personality-driven investing over???... thanks to the glut of quant trading which theoretically captures the alpha much faster. There is only so much alpha returns in the marketplace. The rise of quant trading has to deplete the alpha returns for active funds.

Studies since the late 80s and 90s have always confirmed that 80%-85% of active funds generally underperform their benchmarks. Maybe that truth has finally taken hold. It does take time for people to react to verifiable truths. I mean the banks and fund also have a lot of marketing dollars to keep the facade on that active fund management is still viable. Well, 20 extra years is long enough before investors say "hey, you're fucking us up royally".

What is the benchmark now? Vanguard should be the golden mean that everything else gravitates to. Investors in Vanguard funds pay only 0.11%-0.14% a year and they get the best of indexed returns without any stress. The rest of the industry (active and indexed) has an average annual fee of 0.62%. You can easily surmise that the 0.62% has the other indexed funds around 0.2% and the other actively managed funds at around 1%. You can almost picture the next few years how this scenario will play out, with Vanguard winning of course. (Blackrock did come out with the lowest fee of just 0.03% for an equity ETF in 2015 but that was an outlier).

Dangers of Indexing

Index funds on its own are fine. The trouble is that plenty of indexed funds are available via ETFs. If every investor in indexed funds stays invested day in day out, there will be no issue. The reality is that while many are ok with indexed investing, they also practice timing the market for indexed funds.. i.e. pull out funds from ETFs when there is calamity in the markets. When they do that in substantial amounts, this will exacerbate any market weakness as the funds will be forced to continue to dump indexed stocks in the respective ETFs.

The sad thing is that it could result in a vicious cycle which could trigger panic selling over days.





The Age Of Normalised Returns

The world will have to be content and contend with very average returns. We are talking of 3%-6% a year over the longest time. This scenario will be further emphasized the larger the pool of funds that are in indexed funds. Presently some 45% of US equity funds are passively managed and should surpass the 50% mark within two to three years. Imagine the figure at 60% eventually... whats the point of having CNBC, whats the point of reading FT or WSJ, whats the point of listening to quarterly results briefing, whats the point of equity research ...

The Last Bastion ...

That is why I keep telling people who want to invest on their own, that the only justification is to directly invest in SMALL CAPS only. Indexing will take care of the mid to large caps. 99.99% of indexed ETFs cannot touch small caps due to lack of liquidity. Only in small caps can alpha be discovered, its the last untouched bastion.

You can also surmise that the only actively managed funds that will succeed are those small caps funds (only thing now is to drop the bloody annual fees from 1.5% to 0.5%).


R.I.P. Aretha ..


Aretha Franklin, what a singer, what a live performer, what a trail blazer ... just to mention songs such as Respect, Natural Woman, Think ... these were great songs that empowers. Instead of listening to her hits, I think listening to Rumer's fantastic tribute to her would be better.




I got Aretha in the morning
High on my headphones and walking to school
I got the blues in springtime 'cause I know that I'll never have the right shoes
Momma she'd notice but she's always crying
I got no one to confide in, Aretha nobody but you
Momma she'd notice but she's always fighting
Something in her mind and it sounds like breaking glass
I tell Aretha in the morning
High on my headphones and walking to school
I got the blues in springtime 'causee I know that I'll never have the right shoes
You got the words, baby you got the words 
You got the words, baby you got the words 
Aretha
Aretha, I don't want to go to school
'Cause they just don't understand me and I think the place is cruel
Child singer, raise your voice
Stand up on your own, go out there and strike out
I tell Aretha in the morning
High on my headphones and walking to school
I got the blues in springtime 'cause I know that I'll never have the right shoes
But I got the words

Songwriters: Sarah Joyce / Steve Brown

Watch Big Brother


This was a Donnie Yen movie, produced by him and apparently a labor of love. He wanted to do this movie for the longest time. Much in the line of Little Big Master (Miriam Yeung), a movie dealing with the shortcomings of education.

This kind of premise can easily dissolve into cliched plots and easy solutions. However, the movie did manage to rise above that a little. Besides the tackling of real issues, Donnie did not disappoint his fight fans. There were some remarkable fight scenes, in particular, the one where he took on some MMA guys. It was ballistic and balletic at the same time.

Good movie. Go watch.



Malaysia's Gastronomy

OK, curry laksa made the #2 spot. While all Malaysians are happy to get the silver medal out of all the food experiences in the world... sort of like the Olympics of gastronomy, I think I can speak for everyone that "hey, there are other dishes from Malaysia that would have beaten the shit out of curry laksa".

The book is bound to be a bestseller with a number of notable and well-traveled chefs coupled with votes by the many Lonely Planet staffers around the globe, thus lending more credence to the compilation.

You cannot do such a compilation without it being argued and debated vigorously. Taste is so subjective but I do believe there is a distinctive tastiness curve globally. As more and more people travel, the world gets a lot smaller, in a good way.

I have often shied away from proclaiming Malaysian food is de best when I young. However the more I travel, the more I find that many local dishes are pretty excellent. Maybe its the amalgamation of a few distinctive, yet meshable cultures, a fusion pot that does not bring fusion to be a bad or distilled word that we associate with most of the time. 

In the book of 500... Malaysia had 11 entries. That's slightly more than 2%. There are 195 countries in the world. By right each country should only have 2.56 of entries in the book. Even if we whittle the number of comparative countries to 100, it should be just 5 entries per country. So we are punching way above our weight (pardon the pun).

Have a look at the other local entries. Again, all Malaysians would have a gala time debating the correct order. What was even more alarming to us was the OMMISSIONS from list. One thing for sure, the Singaporeans will be claiming that half the dishes belong to them, go fly wau la.


1. Ikan bakar (No. 60)
2. Assam laksa (No. 123)
3. Beef rendang (No. 268)
4. Wantan mee (No. 299)
5. Kaya toast (No. 352)
6. Roti canai (No. 404)
7. Char kway teow (No. 432)
8. Durian (No. 445)

9. Hokkien mee (No. 464)
10. Bak kut teh (No. 468)


https://www.malaymail.com/s/1662709/not-only-curry-laksa-10-other-malaysian-favourites-in-lonely-planets-ultima?utm_source=dlvr.it&utm_medium=facebook

Looking at the top 20 list, it was obvious that Lonely Planet wanted to be inclusive so as to offend fewer people and sell more books. Each of the 20 entries was from a different country.

Its close to an abomination that the following dishes did not make the list:
nasi lemak
ngachoygai
rojak
apom balik
sarawak laksa
cendol
prawn mee
satay

All said, we can tell tourists that if you came for the 11 dishes, we have probably another 11 (and more) which are even better.



BUCKET-LIST FOOD EXPERIENCES: LONELY PLANET'S TOP 20 LIST

1 Pintxos in San Sebastiรกn
2 Curry laksa in Kuala Lumpur
3 Sushi in Tokyo
4 Beef brisket in Texas
5 Som tum in Bangkok
6 Smรธrrebrรธd in Copenhagen
7 Crayfish in Kaikoura
8 Bibimbap in Seoul
9 Pizza margherita in Naples
10 Dim sum in Hong Kong 
11 Ceviche in Lima
12 Pastรฉis de nata in Lisbon
13 Oysters in Tasmania
14 Cheese in France
15 Jerk chicken in Jamaica
16 Lamb tagine in Marrakech
17 Chilli crab in Singapore
18 Moules frites in Brussels
19 Peking duck in Beijing
20 Pho along the Hau River in Vietnam 






The Ultimate Guide To Ipoh Ngah Choi Kai

I cringe every time someone said that they had the best ngah choi kai in Ipoh at Lou Wong. Ask anyone from Ipoh and nine out of ten would never eat at Lou Wong. I guess if you are out station folks, you may need more guidance in locating the real deal.

We Ipoh folks take the dish seriously. After all, you buy any tofu or bean sprouts from Ipoh markets, they are already very good. How not to have good hor fun when you live in Ipoh?

Oh, please do not ever, ever mistake kaiseehorfun with ngachoykai. The former is made with prawn head stock, has chicken slices and gauchoy. 

The Best Of The Lot ....
So, what makes the dish stand out from being average to being brilliant. Well, at least they must have the best hor fun and bean sprouts to start with, not difficult. Then its the soup base, here is where quality comes in, how much "stuff you put in and how long you boil it for". We always can taste some "MSG" at Lou Wong although they will always deny it.

Then its the chicken, it is not whether they look golden yellow (that is a cheap trick of bringing out a nice colour). The test is how smooth and easy they detach from the bone. Test: can you pop a chicken wing into your mouth and easily spit out the entire bone, seriously.

The final test is the soy sauce/cooked oil mixture, it has to be just right, not too salty and has that special something (which I think is fried chicken fat).

The locations of the 5 outlets are on the linked map, thanks to a reader:

http://www.savershub.com/my/en/business.php?input1=Ipoh+Bean+Sprouts+Chicken&input3=Ipoh&lang=en

There are 5 places you would know (or should know):

LOU WONG
Soup base: 7/10
Chicken: 8/10
Soya/oil Mix: 7/10


http://farm3.static.flickr.com/2791/4218090114_e9ab3ba859_o.jpg

ONN KEE
Soup base: 7/10
Chicken: 7/10
Soya/oil Mix: 7/10

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7jeoE9B_mxTNKIHjU8DzEVv59YTLLQu0fna6dhvVzfaJppgybuB6mGaMyZv9y8n-0AqtZ7qrNb9IuJQuexWeeu5gIrw2QA1PCVOdh_NFHFj8a7CJbkEsBvSMOQiEs4vYUEfvbHedL45I/s400/799px-Ipoh_OnnKeeTaugeAyam_Front_1.jpg


MEDAN KIDD (15 Tower) JUST BEEN INFORMED THAT THIS PLACE HAS BEEN DEMOLISHED AND THE OWNER DOES NOT INTEND TO RE-OPEN
Soup base: 8/10
Chicken: 9/10
Soya/oil Mix: 7/10
+ a tip here, they also serve probably the best stewed chicken feet, even better than Cowan Street outlet




KAM HOR (Ipoh Garden)
Soup base: 8/10
Chicken: 8/10
Soya/oil Mix: 8/10




COWAN STREET (#44 Cowan Street, random opening hours, priciest)
Soup base: 9/10
Chicken: 10/10
Soya/oil Mix: 10/10


There you have it, the ultimate guide. If you look at the scoring, you would know why we cringe when you say Lou Wong is sooo good.



Restaurant <span class=

p/s: photos stolen from various food bloggers, who always want to lynch me ...

http://ipohtown.blogspot.com/2008/07/food-glorious-food_14.html
http://www.j2kfm.com/fifteen-tower-tauge-ayam-ipoh/

http://www.j2kfm.com/kam-hor-ipoh-ayam-tauge/

Blockchain

Image result for images of mahathir, mokhzani and daim

With the help of a Thai Facilitator from PTT Public Company Limited, Mokhzani Mahathir has put out US$100 million personal saving to start Blockchain in Malaysia. I wonder when Mokhzani started saving………  

The aim of Blockchain is to replace Malaysian Ringgit within 48 months.  But due to the increase demand for Anwar to be MP by this year, the date for change has shorten to before the end of 2019.

It is Mahathir’s and Daim’s dream to have full control of our money without foreign interference and have permanent ownership of this country.

First, billions have been laundered out by Najib and his people.

Second, the old ringgit taken out during Mahathir’s first era cannot be brought back.

Third, to print new notes we need to show our reserve.

Fourth, friendly parties within PH can be controlled, since fund must go through Blockchain and Daim’s banks.

Fifth, Sultan and Agong are at the mercy of Mokhzani and Daim who decides how much value their points will be.  Sultans can be threatened to abolish themselves.

Sixth, Malaysia will be the first in SEA to be a Cryptocurrency Nation.

So cryptocurrency is the answer.

Since Mahathir is now the Prime Minister and Mokhzani owns Blockchain, Heaven just granted Mahathir’s wish.

Mahathir, Daim and Genting Group are negotiating with Japan to open a Casino and in return gets Cryptocurrency Credit.

Mahathir, Daim and Robert Kuok are negotiating with China to do business in Cryptocurrency.

Mahathir and Daim are negotiating to borrow from Brunei in Cryptocurrency.

Mahathir and Daim are negotiating with Thailand and Indonesia to trade in Cryptocurrency.

Mahathir and Daim are now negotiating with BN MPs, Sarawak, Sabah and Amanah MPs to go into Block Chain while Azmin Ali has already got more than 800 PKR members involved.

Meanwhile MBI, Luno etc are forced to take up Blockchain’s offer to share their business, otherwise money confiscated will not be given back and worse they will be shut down for good.

All banks will be told to consolidate to favour Daim’s bank. Meanwhile Robert Kuok is training Daim’s second son to take over the banking in Malaysia.

In return for being a Cryptocurrency puppy to Mahathir and Daim, Azmin Ali is make the Economic Minister and Prime Minister in waiting.

LGE is just an arse hole Finance Minister whose job is to check the balance of accounts in Putrajaya.

Once Anwar becomes an MP, he and Kak Wan will be purge as they will be a big threat to Mahathir and Daim becoming sole ownership of Malaysia and our money forever.

But.................there is always a but..............BIS must give permission for Malaysia to use Cryptocurrency. 

SO WHO DO YOU THINK MAHATHIR AND DAIM WILL SEEK HELP?............THE JEWS.
Image result for images of mahathir, mokhzani and daimImage result for images of BIS switzerland


Can We Have Updates On Turkish Investments Please



Turkey is resembling Thailand back in 1998, only much worse. Have a look at the Turkey lira against USD. I took a 5-year chart because Malaysia has invested in a few big assets there.

 Khazanah has some exposure there, and wanted to sell their holdings back in February 2018. What's the update? Did Khazanah hedge their investments? How did the demise of the Turkish lira affect the investments over the past 5 years?

https://www.bloomberg.com/news/articles/2018-02-14/malaysian-wealth-fund-is-said-in-talks-to-sell-turkish-insurer


Avicennia, the insurance holding unit of Kuala Lumpur-based Khazanah, bought 90 percent of Acibadem Sigorta for $252 million in 2013 from founder Mehmet Ali Aydinlar and Abraaj Capital Ltd. It bought the remainder after the company stopped trading its shares on Borsa Istanbul.
In 2012, the sovereign wealth fund’s IHH Healthcare Bhd. arm bought 75 percent of Acibadem Saglik Yatirimlari Holding AS, which was also founded by Aydinlar. The deal for Acibadem Saglik, then Turkey’s largest hospital chain, valued the business at $1.68 billion.
Next, MAHB:


Bloomberg  on Friday reported that Turkish Airlines was bidding to buy an 80% stake in Istanbul Sabiha Gokcen International Airport (ISGA) in Turkey, which is wholly-owned by MAHB. The report, citing people with knowledge of the matter, said Turkish Airlines offered 750 million euros for the stake.
Malaysia Airports was part of a consortium that won a 1.9 billion euro contract to operate the airport in 2007. In 2013, it agreed to raise its holding in ISG to 60% by acquiring a 40% stake held by Indian partner GMR Infrastructure Ltd for 225 million euros.It bought the remaining 40% from Turkey’s Limak Holding in 2014 for 285 million euros.


What was the holding cost? What were the losses or profits suffered thus far? Were there any efforts to hedge the position over the past 5 years? How did the demise of the Turkish lira affect the investments over the past 5 years?



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