Malaysian home prices may go up 5~8%; heart-warming CNY family ties with EcoWorld 全家福

From Left :- Director of Valuation Services Chee Kok Thim , Rahim & Co Executive Chairman Senator Tan Sri Dato' Abdul Rahim Abdul Rahman, DIrector Real Estate Agency Robert Ang and Director of Research & Strategic Planning Sulaiman Saheh after Press conference and Q&A session - Review on Malaysian Property Market and the prospects of 2016 - on Thursday Feb 4 2016.

KUALA LUMPUR: The property market is expected to remain challenging, with the hike in house prices slowing to between 5% and 8% this year, compared with 7% to 10% last year.

Rahim & Co Chartered Surveyors Sdn Bhd director Sulaiman Akhmady Mohd Saheh expects prices to rise but sees only marginal price gains for the residential sector.

“Depending on location and type of property, some may see price consolidation as the gap between sellers’ asking prices is closing towards the buyers’ expected prices,” he said during the firm’s property market review.

He said that there were concerns that the number of transactions may drop this year, as new property launches could face more challenges and slower take-up.

He said that based on average annual household incomes to the price of average terraced homes, housing affordability could have slightly improved last year compared with 2014 although house prices in general continued to increase.

“Nevertheless, housing affordability is still a big concern especially in urban centres and major towns throughout the country.

“The ratio improved from 3.6 in 2014 to 3.4 last year, which indicates that an average terraced house would cost an average household or family in Malaysia 3.4 times its annual gross income,” said executive chairman Tan Sri Abdul Rahim Abdul Rahman.

Note that the least affordable terraced house in Malaysia last year was in Sabah, with a 5.7 times ratio, Penang, 5.3 times, Kuala Lumpur, 5.2 times and Sarawak, at 4.5 times.

He said that home ownership continued to be beyond the reach of many Malaysians, especially the younger generation.

“The ratio indicate that generally our houses are still moderately unaffordable. For Sabah, Penang and Kuala Lumpur, average prices of terraced houses are even categorised as severely unaffordable,” he said.

He added that the pace of construction and completion for affordable housing needed to be improved in order to address the issue of affordability.

“It is progressing but there should be more effort, for example in PR1MA. Among these, PR1MA is to provide 175,000 units where 74,399 units are currently in various stages of construction. “At present, only 10,000 units is due to be completed by the end of the year.

“That 74,399 units under construction should be intensified instead of completing 10,000 units by the end of the year,” he noted.

For the commercial sector, particularly the office sector, it will still remain challenging as absorption of new supply coming into the market is expected to slow down.

More office buildings are expected to undergo refurbishment to prevent tenants from relocating to newer office buildings.

However, there are concerns on whether the retail property sector might be heading into a glut in supply as a number of malls are being launched within Klang Valley.

Last year, retail sales were affected by the goods and services tax, which was implemented from April as well as a weakening ringgit, driving up costs and lowering consumer spending.

By Nadya Ngui The Star/Asia News Network

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Heartwarning CNY video on family ties goes viral

Building strong ties: A video grab from EcoWorld’s ‘Family Portraits’ on its official YouTube page captures the essence of maintaining family values.

PETALING JAYA: A heart-warming Chinese New Year video showing a man’s life as seen through his family photographs has been released by EcoWorld Development Group Bhd.

The three-minute video titled Family Portraits, which can be seen on YouTube, has been viewed more than 78,000 times so far yesterday. It is meant to educate the viewer on maintaining strong family values. The video shows glimpses of the man’s life-long journey from early childhood until adulthood.



All throughout, viewers will notice that family plays a huge role in the main character’s life as he encounters the pivotal moments in life that are familiar to many of us. The loving embrace of his family is never too far away even as he grows up and leaves his parents to pursue a career and start a family of his own.

Family Portraits successfully conveys its message through very little dialogue, relying mostly on visual images that reflect the mood and spirit of the central theme of the video.

The touching video, while light hearted and filled with funny moments, sends a strong message that clearly emphasises the importance of family ties and the togetherness that is an integral part of the Chinese New Year festival.

“The love of a family is life’s greatest blessing. This Chinese New Year, capture the warmth and happiness with a family portrait and start a collection of beautiful memories to look back on for generations to come,” posted the company on its YouTube page.

Those who wish to view the video may do so at EcoWorld’s official YouTube page.

Earlier this week, the company announced that it was offering a special Chinese New Year treat for buyers of the few remaining units of EcoWorld’s Eco Meadow Phase 1 homes by giving rebates of RM22,888 on top of an additional 5% early bird rebate from now until Feb 22.

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http://ecoworld.my/

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Public Bank Q4 profit up 19%; RM5bil earnings for 2015

Public Bank Head Office in Kuala Lumpur - Founder and chairman Tan Sri Teh Hong Piow said expectations were for intense competition for market share

Public Bank Q4 profit up 19% but warns of challenges ahead

Public Bank Bhd, the country’s third largest bank, reported an increase of 19% in its fourth quarter net profit which stood at RM1.49bil compared to the net profit of RM1.25bil for the same period a year earlier but warns of challenges ahead.

Founder and chairman Tan Sri Teh Hong Piow said expectations were for intense competition for market share.

“And the more stringent capital and liquidity requirement will continue to put pressure on net interest margin and return on equity,” Teh said in a statement.

The bank’s increase in its fourth quarter ended Dec 31, 2015 net profit was boosted largely by a net writeback of loan impairment allowances and higher net interest income, it said in the statement yesterday.

It also announced a second interim divided of 32 sen per share for shareholders, bringing total dividends for the year to 56 sen per share or a total payout of 42.7% of the bank’s net profit last year.

For the entire FY15, Public Bank’s net profit stood at RM5.06bil which translates to a net return on equity of 17.8%, against a net profit of RM4.52bil in FY14 while revenue stood at a higher RM19.18bil compared with RM16.86bil earlier.

Public Bank continued to be the most efficient banking group in the country with its low cost-to-income ratio of 30.5% compared to the banking industry’s average cost-to-income ratio of 45.5%. It also continued to maintain a healthy level of capital with its common equity Tier 1 capital ratio, Tier 1 capital ratio and total capital ratio standing at 10.9%, 12.0% and 15.5% respectively as at the end of 2015, after deducting the second interim dividend, it said.

In FY15, the bank grew its loans by 11.6%, aided by its retail banking segment and extension of credits to small and medium enterprises while total customer deposits saw a growth of 8.9%.

Its domestic customer deposit grew by 7.5%, higher than industry’s growth of 1.8%.

As at the end of 2015, the group’s impaired loan ratio was at 0.5%, significantly lower than the industry ratio of 1.6% while its loan loss coverage ratio of 120.8% as at the end of last year was also higher compared to the local banking industry’s ratio of 96.2%.

Teh said growing fee-based revenue remained a key strategic focus of the Public Bank group.

“Arising from the group’s initiative to drive growth of its non-interest income in order to sustain better return for its shareholders, the group’s non-interest income increased by 22.4% in 2015 as compared to 2014, mainly contributed by higher income from its unit trust business, foreign exchange related transactions and fee income from banking operations,” he said.

Shares of Public Bank finished yesterday higher at RM18.38, up 4 sen.

Public Bank's 2015 earnings cross RM5bil mark 

 

 

Public Bank's Founder and chairman Tan Sri Teh Hong Piow

KUALA LUMPUR: Public Bank Bhd recorded a stellar set of results, with net profit surpassing RM5bil for the financial year ended Dec 31, 2015. It rewarded shareholders by declaring a second interim dividend of 32 sen per share, bringing the full-year dividend to 56 sen.

The total dividend paid and payable for 2015 amounted to RM2.16bil and represents a total payout of 42.7% of the group’s net profit for 2015.

Public Bank posted a net profit of RM5.06bil, up 12% from RM4.52bil it recorded a year ago, translating to a net return on equity of 17.8% for 2015. Revenue was 13.8% higher at RM19.18bil compared with RM16.86bil in 2014.

In its filing with Bursa Malaysia on Wednesday, the bank said it owed its improved earnings to higher net interest income, higher non-interest income and lower loan impairment allowances.

However, these were partially offset by higher operating expenses due to higher personnel costs.

Gross loans grew 11.6% to RM273.4bil driven by growth in property financing, financing of passenger vehicles and lending to SMEs.

Deposits from customers were 8.9% higher to RM301.2bil, which partly contributed to the higher net interest income during the year.

"The results reflected the consistent execution of the group’s organic growth strategy which continues to deliver favourable results to our customers and our shareholders,” said founder and chairman Tan Sri Teh Hong Piow in a statement.

He added that the bank's robust funding position was mainly supported by its strong retail franchise and large domestic depositor base of over five million customers who continue to place their trust and confidence in the group in safeguarding their funds.

Public Bank’s impaired loan ratio improved to 0.5% as at end-December 2015.

For the fourth quarter, the bank posted a 19% year-on-year gain in net profit to RM1.49bil while revenue was 8.8% higher at RM4.93bil.

Moving forward, the group said it will leverage on its internal strength and capitalise on its customer service and service delivery to maintain its leading market share in the domestic retail segment, supported by steady demand for home mortgages, vehicle financing and SME lending.

By Wong Wei-Shen The Star/Asia News Network

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Reconsider TPPA in public interest

Use the next two years to think about the TPPA and its many implications for present as well as future generations of Malaysians.

LAST week, Malaysia’s Parliament authorised the government to sign and ratify the 6350-page Trans-Pacific Partnership Agreement (TPPA). Thankfully, as the Minister has emphasised, countries will not need to ratify the deal for about two years, and can withdraw after that, though neither option will be costless. Hence, it is important to use the next two years to have a careful consideration of the TPPA and its many implications for present as well as future generations of Malaysians.

Who gains how much?

Most people think the TTPA is about greater growth from freer trade. Nothing could be further from the truth. Even the overly optimistic computable general equilibrium (CGE) projections, made on methodologically moot grounds, recognise that more trade does not mean more growth. After all, freer trade not only means more exports, but also more imports. Without adequate compensatory mechanisms, nothing guarantees that all will benefit.

The net gains for growth from increased trade are difficult to estimate reliably, and depend very much on crucial assumptions made for modelling. Even the CGE models used for TPPA advocacy acknowledge limited net economic benefits from trade liberalisation. Hence, while the TPPA will result in greater trade, there is no reliable basis for assuming that increased trade will improve economic welfare for all.

More production for export will partly replace production for domestic markets. Exports are less labour-intensive and use more imported inputs than production for domestic markets. Businesses become more competitive by cutting labour costs, negatively affecting income distribution, thus further weakening domestic demand.

Both the USA and Malaysia are among the world’s most open economies, with little more trade to be gained by further reducing tariffs. The TPPA does not address many non-tariff barriers, e.g. the campaign against Malaysian palm oil.

The only US government study of the TPP’s growth effects did not see much growth from increased trade. The World Bank and Peterson Institute studies claimed more significant growth gains from large, but dubious projected increases in foreign direct investment (FDI). But there is no evidence that FDI reliably increases tax revenue, especially with the generous tax incentives offered by the authorities.

Cheap labour

As a middle income country, it will be difficult for Malaysia to compete successfully with Vietnam and other such developing economies on the basis of labour costs for the labour-intensive primary commodity and export-oriented manufacturing envisaged by the TPPA. All this is likely to work to keep Malaysia stuck in the middle income trap.

Yet, despite the exaggerated claims of its advocates, the TPPA provisions for the trade in goods are probably its least dangerous aspects. For example, TPPA provisions for further liberalisation of financial services will undermine national prudential regulation, exposing Malaysia to greater vulnerability from abroad, as if we have not learnt from the 1997-98 Southeast Asian financial crisis as well as the 2008-09 financial meltdown and ensuing protracted Great Recession.

Partnership?

Many ostensible provisions and safeguards in the TPPA have asymmetric implications. For instance, compared to Malaysia, the US federal government has much less scope for discretionary spending compared to its state governments which are, in many instances, larger than many other TPPA economies. Thus, exempting state governments from TPPA provisions, e.g. on government procurement, will have very different implications in the two countries.

Instead of trade, for Malaysia, the TPPA is mainly about greatly strengthening investor rights, including intellectual property rights (IPRs). But stronger IPRs hardly promote research. Instead, most contemporary IPR regimes actually impede innovation, besides undermining public health and consumer welfare by limiting competition and raising prices. The TPPA will thus allow ‘Big Pharma’ longer monopolies on patented medicines, keep cheaper generics off the market, and block the development and availability of similar new medicines.

Corporate interests

The collective drafting of the 6350 pages of the TPPA was ‘assisted’ by over five hundred official corporate advisers to the US Trade Representative (USTR) Michael Froman, greatly strengthening foreign investor rights at the expense of Malaysian business and public interests.

The TPPA’s investor-state dispute settlement (ISDS) system obliges governments to compensate foreign investors for the loss of expected profits in binding private arbitration, even when profits are made by causing public harm.

US corporate interests claim that ISDS is necessary to protect property rights where the rule of law and credible courts are lacking. But instead of reforms to improve the judiciary’s performance and reputation, the TTPA will expose Malaysia to new risks and liabilities.

ISDS provisions make it hard for governments to fulfil their basic obligations such as to protect their citizens’ health and safety, to ensure economic development and stability, and to safeguard the environment.

For example, the world’s most widely used herbicide has been declared by the WHO to be carcinogenic. By banning such toxic materials, with the ISDS, the government would be liable to compensate its manufacturers not to harm our people, instead of forcing them to compensate those already harmed! Thus, the ISDS may even deter the government from banning the substance, putting people at risk.

Multilateralism

Like many other recent bilateral and plurilateral economic agreements, the TPPA has less to do with freeing trade, but instead advances the interests of powerful foreign business interests.

Concluding the TPPA before the mid-December Nairobi World Trade Organization (WTO) ministerial was then used by USTR Froman to try to kill the WTO Doha Round of trade negotiations, apparently also in line with the current European Commission commissioner’s preferences. The negotiation had begun in late 2001, after 9/11, with the promise of rectifying the anti-development and food security outcomes of the previous Uruguay Round following the Seattle WTO ministerial failure.

In spite of their denials, Asean members joining the TPPA have also effectively undermined existing commitments to the Asean Free Trade Area (AFTA) and Asean Economic Community (AEC).

The main US motivation for the TPPA has been to exclude China. At his State of the Union address, President Obama triumphantly announced, “With TPP, China does not set the rules in that region, we do”.

After being blocked from greater commensurate influence in the Washington-based Bretton Woods institutions, broad support for the Asian Infrastructure Investment Bank (AIIB), even from traditional US allies, was a major embarrassment to the US.

Neutrality

The political re-alignment also abandons the late Tun Razak’s commitment to make Asean a ‘zone of peace, freedom and neutrality’ (ZOPFAN), an irony for the host of the last Asean summit.

One may understand why Vietnam, at war with the US until four decades ago, is keen to join the TPPA, to strengthen its hand viz a viz China, but it too will be compelled to pay a high economic price for Uncle Sam’s ‘protection’.

Yet, despite its own problems with China, Philippine President Benigno Aquino Jr chose not to participate in the negotiations. Pre- and post-military coup Thailand, with an economy even more open than Malaysia’s, also chose to stay away. Why?

Singapore’s existing bilateral economic arrangements with the US go much further than the TPPA in line with its own unique strategic considerations. Of course, no serving government leader is going to offend the US by rejecting the TPPA outright.

Misgivings

Already, some other, mainly European governments have privately expressed their dismay at the TPPA provisions as it will weaken their own negotiating positions for the Trans-Atlantic Trade and Investment Partnership (TTIP). It is the US which has secured ‘first-mover’ advantage. It is unclear to most observers what great advantage Malaysia secured beyond some NEP ‘carve-outs’.

Since negotiations ended in Atlanta in October 2015, the minister in the new centrist Liberal Party Canadian government, an experienced former Financial Times editor, has already called for reconsideration of the TPPA provisions.

Australia and New Zealand, the public and parliamentarians are outraged about the onerous investment provisions of the TPPA after a 2016 World Bank report projected paltry gains for them.

Despite touting the TPP in Asia as his main foreign policy priority for 2016, Obama only spent 28 seconds of his hour-long State of the Union address on it, triumphantly announcing, "With TPP, China does not set the rules in that region, we do" (China excluded), making clearly the main US motivation while realising its widespread unpopularity with the American public, including his Democratic Party base. Even the libertarian Cato Institute has denounced the TPP as the tool of corporate lobbyists.

Caution needed

More careful consideration through more informed public discussion of the TPPA's many provisions can only help the nation.

According to a mid-2015 Pew Research survey, the strongest support for the TPP is in Vietnam, where 89% of the public backed it, while the weakest support was in Malaysia (38%) and the US (49%). The greatest outright opposition was in Canada (31%), Australia (30%) and the US (29%).

Malaysians (14%) were the least supportive of closer economic relations with the US while the most support for deeper economic ties with China was in Australia (50%) and South Korea (47%). Large numbers of Malaysians (43%) and Chileans (35%) wanted stronger commercial relations with both China and the US.

The greatest opposition to the US defence pivot was in Malaysia, where 54% believed it is bad because it could lead to conflict with China.

TPPA not costless

If the TPPA is simply a trade deal, there would be less grounds for concern. Unfortunately, its other provisions will undermine Malaysian development prospects and the public interest in the longer term, with diminished ability for the Government, Parliament and the public to set things right.

Many well-intentioned Malaysians opposed to abuses of various kinds, support the TPPA, hoping that it will somehow eliminate corruption, improve governance and address other problems in the country. Unfortunately, this is merely wishful thinking. The TPPA is not a costless ‘hop-on, hop-off’ option, as some think.

By Dr Jomo Kwane Sunddaram

> Dr Jomo Kwame Sundaram was an Assistant Secretary-General in the United Nations system from 2005 to 2015 and received the 2007 Wassily Leontief Prize for advancing the frontiers of economic thought. The views expressed here are entirely the writer’s own.


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HSBC to freeze salaries, hiring in 2016 in battle to cut costs

 

Pay and hiring freeze possible at HSBC

Video: https://youtu.be/Q4V8L-98LVY  

Why Refusing a Pay Cut May Get You Fire?

HSBC Holdings Plc will impose a global hiring and pay freeze as part of its drive to cut as much as $5 billion in costs by the end of 2017.

The measures, which affect the consumer and investment banking businesses, were outlined in a memorandum received by employees on Friday, Gillian James, a spokeswoman for the bank, said Sunday in an e-mailed statement. Europe’s largest bank, which will release full-year earnings on Feb. 22, is mulling whether to move its headquarters away from London, partly because of the tax burden and tougher regulatory scrutiny.

“This is in line with HSBC’s moves to lower operating costs,” said Richard Cao, a Shenzhen-based analyst at Guotai Junan Securities Co. “HSBC can’t escape from the global economic slowdown and worsening asset quality like other global banks.”

HSBC Chief Executive Officer Stuart Gulliver, 56, in June outlined a three-year plan to pare back a sprawling global network by shutting money-losing businesses and eliminate as many as 25,000 jobs as he seeks to boost profitability. Barclays Plc extended a freeze on hiring new staff indefinitely in December, while European lenders including Credit Suisse Group AG and Deutsche Bank AG are cutting thousands of jobs to shore up earnings.

The moves were reported earlier by Reuters.

The shares fell 1.6 percent to 484.25 pence at 10:10 a.m. in London, extending losses this year to about 9.6 percent. They dropped 12 percent in 2015.

Under its three-year plan, the London-based lender is seeking to reduce the number of full-time employees by between 22,000 and 25,000. In the U.K., the bank may eliminate as many as 8,000 jobs.

As part of its focus on more profitable markets, HSBC is reviewing its operations in Lebanon and may exit the Middle Eastern country, people with knowledge of the matter said earlier this month. The bank is closing its Indian private-banking business, people familiar with that move said in November.

HSBC is close to concluding an eight-month review into the best location for its headquarters, with Hong Kong seen as the leading candidate city. The lender is likely to stay based in London due to the vast logistics of relocating, Martin Gilbert, chief executive officer of Aberdeen Asset Management Plc, told Bloomberg Television in January. Aberdeen is one of the British bank’s biggest shareholders.- Bloomberg

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US playing a messy game of provocations in SCS; China build up defense to thwart the provocation

In October, the US guided missile destroyer USS Lassen conducted a "freedom of navigation" operation within 12 nautical miles of China's Meiji and Zhubi reefs.

In December, a United States Air Force B-52 bomber "accidentally" flew within 2 nautical miles of China's Huayang Reef.

On Saturday, the Pentagon announced an "innocent passage" by the guided-missile destroyer USS Curtis Wilbur within 12 nautical miles of China's Zhongjian Island.

On the surface, these are "routine" operations US Senator John McCain says are "normal occurrences" China will have to accept.

Yet this is not a Tom-and-Jerry kind of game where no party gets seriously hurt.

There is real potential danger, because the US challenges to China in the South China Sea are showing a trajectory of escalation.

Zhongjian Island is part of the Xisha Archipelago, where there is no current, active dispute, and hardly part of the issue of the day.

The Pentagon did display some diplomatic sophistication this time, claiming that the USS Curtis Wilbur "challenged attempts by the three claimants－China, Taiwan and Vietnam－to restrict navigation rights and freedoms around the features they claim by policies that require prior permission or notification of transit within territorial seas".

Ignoring the fact this violates the US' recognition of "one China", reaffirmed by US Secretary of State John Kerry on Wednesday, the Pentagon's statement raises legitimate suspicions that it has an agenda to further complicate the South China Sea issue.

As in the rest of the South China Sea, there is no evidence the named "claimants" are attempting to "restrict navigation rights and freedoms". Enlarging the South China Sea issue by extending it to the Xisha Archipelago may be an attempt to drive a wedge between the mainland and Taiwan by dragging the latter into a long dormant and increasingly forgotten "dispute".

The US wants a larger role in the Asia-Pacific. And it is bent on preempting a perceived Chinese challenge.

There is no better way to do this than by making things messier, to make itself "needed" and "wanted".

What China needs and wants is peace, but as the Chinese saying goes, while the tree craves calm, the wind will not abate. Beijing needs to react accordingly, and prepare for all possibilities.

However, the country learned the significance of comprehensive national strength the hard way. It should not be distracted. It should rise above stress responses and stay focused on its development agenda. - China Daily)

Build up defense to thwart US provocation 

China firmly upholds her sovereignty and maritime rights and interests in the South China Sea. [Photo/Xinhua]

The US on Saturday sent one of its naval vessels within 12 nautical miles of the Xisha Islands in the South China Sea. The move, according to the Pentagon, was about "challenging excessive maritime claims that restrict the rights and freedoms of the United States and others." The Chinese side criticized the behavior of a "serious political and military provocation."

Until recently, China-US frictions have been fixed on the Nansha Islands. The latest intrusion by US vessels is a high-profile US provocation that has expanded to the Xisha Islands. Xisha is under China's actual control and China has released the territorial sea baseline of the Xisha Islands, including Zhongjian Island. Therefore, the US provocation this time is more vicious.

Currently, China and the US have been focused on making their own moves in the South China Sea disputes. China is building islands in accordance with the law, and the US cannot prevent China from doing so despite strong protests. The US sent warships to provoke, and China protests against it strongly, yet with few effective countermeasures.

It is hard to evaluate the strategic nature of Sino-US confrontations in the South China Sea. China seems to have more room to maneuver, while the US apparently has more control over the overall situation.

Since it happens at the door of China, China feels that the US is circling to contain it and the US vigilance against China is aggressive. There is a long way to go before China can have an equal footing with the US. Such equality can only be achieved with the build-up of strategic strength.

China's military strength still significantly lags behind that of the US. If the US is ready for a face-off in the South China Sea, it can quickly gather its military strength despite the far distance.

We also face similar setbacks in the East China Sea. We bear enormous pressure from Washington in our peripheral areas, and the relative backwardness of China's military might is the weakest link in our competition with the US. Chinese people must be clear about the broader strategic significance of this reality.

The US provocation comes ahead of the 2016 two sessions which are scheduled in March. This reminds us that we must retain a high growth rate of military spending in spite of the economic downward trend.

The defense expenditure of a big power must constitute a certain percentage of its overall expense. China's military budget only takes up 2 percent of its GDP, much lower than the US figure of 4 percent. Before we reach the same ratio as the US, we should hold a cautious attitude toward decreasing the defense budget.

China needs to accelerate its speed of building up strategic strike capabilities, including a nuclear second-strike capability. The US provocation will not stop due to Chinese objections. In the short-term future, we will have limited means to counter the US.

It will probably take China a dozen years or longer of military build-up before it faces a different situation in the South China Sea. - Global Times

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Liberating Malay mind: Shed ‘excess baggage’ of privileges !

 Malays must shed ‘excess baggage’ of privileges, says Rafidah 

SHAH ALAM: The Malays should drop the “excess baggage” hobbling them, such as the thinking that they are “special” and deserving of certain privileges, says Tan Sri Rafidah Aziz.

Instead, she said they should move forward by nurturing themselves with a recalibrated mindset.

Speaking at the launch of a book titled Liberating The Malay Mind by author Dr M. Bakri Musa, Rafidah said that the excess baggage of the Malays included the obsession that the community was special and more privileged than the others, in an ideal that was bolstered since the formation of the New Economic Policy (NEP).

“We (Malays) have been taught that we are special and privileged. But, we must know that the NEP was introduced because we were so far behind in knowledge and economy, and we needed assistance.

“It was not because we deserved it, nor was it that we must have it because the Malays were special,” she said in her speech.

Rafidah said it was a shame that after all these years, the Malays were still imprisoned by the thinking that they were special and deserving of certain privileges.

“It is shameful that we still want the “crutches” although our legs are fine, or still want to depend on the special status when we are able. It is our mindset that is stopping us from moving forward.”

Rafidah called on the Malays to face the future by eradicating the narrow thinking as well as their over admiration on foreign culture.

“All Malays are Muslims in Malay­sia. So, be a Malaysian Muslim. We are not Arabian, we are Malaysian first.

“We must realise that we are an integral component in Malaysia.

“It is necessary for us to nurture the younger generation with good universal values, such as integrity, trustworthiness, responsibility, accountability, discipline and respect for others.

Otherwise, we will be stuck in a time warp and end up going nowhere, she added.

Sources: The Star/Asia News Network

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Liberating Malay mind, unnecessary hoo-ha and nonsense!

Liberating the Malay mind

Open-minded people are usually more tolerant, and when you are tolerant you are also moderate in your actions and behaviour.

Open-mindedness started to disappear from the scene when we began to have indoctrination in our schools and universities. In other words, when politics and religion got into the class rooms and lecture halls.

 

LIBERATING the Malay Mind is the title of the book by Dr M. Bakri Musa, a Malay doctor who practises medicine and lives in California. Written in English and Malay, the book was published by ZI Publications.

The second edition will be launched on Jan 30 by another famous and successful Malay, Tan Sri Rafidah Aziz. As a Malay, I am proud to be associated with these two Malays whom I consider to be “open-minded”.

Open-mindedness is essential if we want to be a moderate and tolerant society.

Moderation is only possible if people understand the issues and are willing to talk about them openly. They can only understand difficult issues if they are willing to think rationally.

Being open-minded means that even if you think you are right, you know that you could be wrong, and you must therefore always be willing to consider other arguments and ideas.

Open-minded people are usually more tolerant, and when you are tolerant you are also moderate in your actions and behaviour.

An open-minded person is willing to engage in discussions and is generally flexible in his or her approach to things. Many leaders like the late Nelson Mandela, artists, writers and scientists attribute their success to their open-mindedness.

In Malaysia, Malays of my generation and those who are older are generally more open-minded than the present crop. This is partly because our educational approach was more focused on building skills such as reading, writing and thinking.

Science and the arts were subjects that had no socio-political dimension. They were studied purely to understand the physical world, culture and human nature.

Interpersonal relations were measured according to how we dealt with others as human beings, rather than which race we belonged to.

Success was measured by the level of skills we attained after years of schooling, and by the job skills we required to feed our families upon graduation. Back then nothing more than a bit of fun here and there got into our bloodstream.

Open-mindedness started to disappear from the scene when we began to have indoctrination in our schools and universities. In other words, when politics and religion got into the classrooms and lecture halls.

Education now includes courses on political awareness, and a heavy dose of religious instructions. If teachers and educationists do not exhibit some form of conforming identity or partisanship to “political and religious needs”, then they might not go far in their respective fields.

A new sense of historical perspective is also considered necessary. The biggest stumbling block to open-mindedness is, of course, education. Both secular and religious education in this country are not like those in the Islamic world of the 8th century.

Baghdad then was the centre of learning, and had the biggest public library in the world. Jews, Christians and Greek scholars of all faiths and creeds gathered to pursue knowledge without restrictions. It was never vacuous, mediocre and rigid, both in content and methodology, like what we have here today.

The culture of having an intellectual and pluralistic approach to understanding the world, including religious tenets, has not taken root.

In fact, such an approach is frowned upon and considered blasphemous. The state’s monopoly and control of religion is absolute.

The outcome is therefore predictable. Younger Malays are an angrier lot; they are less tolerant and moderate than older Malays. Just read their Facebook accounts and social media comments on any subject that is faintly controversial and you will appreciate what I mean.

They hurl abuse and make personal comments that have nothing to do with the subject matter in question. Extremism in their thinking is clearly visible.

They always see problems as if Islam and the Malays are under constant attack.

My concern in all of this is that the attributes these Malays/Muslims are exhibiting, besides being dangerous to the country’s peace and stability, are actually detrimental to their own well-being.

Their “enemies” – such as Chinese, Jews and the West in general – will continue with their ways and not be bothered with the tantrums thrown by these Malays.

They will continue with their educational and economic dominance. They will continue to make inroads in science and technology. They will continue to produce Nobel Prize winners.

What will become of these Malays? They will continue to be fascinated with ideas of violence and destruction, like the Islamic State teachings.

They will continue to adopt a rigid mindset which will make living in a multicultural 21st century setting more difficult. They can continue to listen to preachers and motivational speakers about how to defend their rights; but they will continue to be irrelevant because they will not be successful or dominant over things that matter.

They will not be able to truly develop the country and exploit its resources because they will lack the necessary know-how.

I am concerned that their frustrations over their own irrelevance will push them closer to those militants who blow themselves up. After all, suicide bombers are usually driven by their sense of helplessness, despair and alienation.

That’s why I hope more young Malays will read Dr Bakri’s book and attend the forum “Merdekakan Minda Melayu”, which will be held after the book launch.

I hope they will listen to what Rafidah has to say to find out what can make them more resourceful, and hopefully, successful.

One thing for sure though: they can only do that if they are prepared to liberate their minds from the toxic influences of the present.


By Zaid Ibrahim
all kinds of everything
Former de facto Law Minister Datuk Zaid Ibrahim (carbofree@gmail.com) is now a legal consultant. The views expressed here are entirely his own.

Unnecessary hoo-ha and nonsense

Common sense has slowly been taking a back seat over the last few years, as people get hysterical over the most ridiculous things.

I don't understand why we are not ashamed to admit our faith is weak, and that we should constantly protect it. Others people don't seem to have ths same problems.

FOR a country that loves having laws to govern everyone’s beha­viour, we are very peculiar about ensuring that people follow them.

For some people, we bring the full force of the law to not only pu­nish them but to also set as an “example” to others.

For others, we sometimes wilfully ignore the law and let them do what they want.

Then there are the people who ignore court orders because they say it conflicts with some other law. Why they don’t get charged with contempt of court, I don’t know, but I don’t have to be a lawyer to think this is weird.

Then there are people who stretch laws to mean and do other things.

Like assuming that fathers are the only parents of a child and therefore what they say goes. (To the students to whom I was explaining what gender discrimination means today, there’s your example.)

Additionally there are people who make things up because it’s a law that only exists in their head.

A Muslim parent whose child goes to a Chinese school talked about how it was not enough for the religious studies teacher that there is halal food available in the canteen, but that the Muslim kids had to sit apart from their non-Muslim friends as well.

Does she think that non-halal food can be breathed in?

Some people will undoubtedly say that children have a habit of sharing food and utensils so some may inadvertently eat some non-halal food.

But of course sharing even all-halal food isn’t very hygienic either and is something parents should teach their children not to do.

Thinking about this story, I rea­lise how common sense has slowly been taking a back seat over the last few years.

Some people can really get hysterical over the most ridiculous things.

The unnecessary hoo-ha over the eventually false story of pig DNA in chocolate comes to mind.

Then of course there is the obsession with the cross appearing everywhere.

Apparently if you live in a house where there is something that looks like a crucifix on the roof, you will change your faith as easily as you change your underwear.

It never ceases to amuse me how, while Muslims find it so difficult to convert anyone else, all it takes to convert a Muslim to some other religion is the sight of a crucifix, a statue, hearing a song, drinking some water and even, as I was once privileged to be told, looking into the eyes of the Pope.

Our faith is a delicate thing, which we hang on to by the thinnest wisp of a thread, vulnerable to whatever “infidel” breeze might blow our way.

As it happens, I spent 12 years in a Convent school where there were crucifixes everywhere inclu­ding a giant one on the roof of the school.

Not a single one of the Muslim girls who studied there has left the faith. But maybe our generation are stronger than the people today.

I don’t understand why we are not ashamed to admit our faith is weak, and that we should constantly protect it.

Other people don’t seem to have the same problem.

I talk to young foreigners about the practice of Islam in Malaysia very often and, as far as I know, none have converted yet.

I may have dispelled some stereotypes about Muslims however, particularly the one about us having no sense of humour.

Logic is not our strong point either.

I saw a video where a uniformed man was briefing some academics on how to spot terrorists.

He talked about their distorted beliefs about religion and their lite­ral reading of the Quran.

I thought he was doing a fair job until he decided to give some examples of people to be wary of.

All of a sudden, he cited some of the most progressive people in the country as those most dangerous.

The sheer illogicality was breathtaking. I think even the terrorists would be puzzled, because the very people he mentioned in the same breath as terrorist ideology are not exactly popular with the angry, head-chopping, bearded crowd either.

The people wreaking havoc in Syria these days don’t believe much in women’s rights, for example.

So does it make sense to label women’s rights advocates as terrorists?

But maybe the illogicality and nonsense are deliberate. Our people tend to look up to those in authority so perhaps when they say that black is now actually white, and good is now bad, we will simply believe it.

That approach assumes that our people are all mildly intelligent, of course, and have shaky values to begin with. But it seems to work.

Maybe ultimately that’s the only thing about how we are governed that makes sense.


By Marina Mahathir musings

Marina Mahathir is a human rights activist who works on women, children and HIV/AIDS issues. The views expressed here are entirely her own.


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