International Financial Community Grows Leery of Malaysia

International Financial Community Grows Leery of MalaysiaAlthough Malaysian politicians and government officials remain in full denial of reality over a US Justice Department investigation of massive fraud involving Prime Minister Najib Razak and his family, local and international bankers are not. The bankers are trying to digest the implications of a downgrade by Fitch Ratings in late July of  long-term foreign…

Malaysia’s Mahathir Seeks to Lead New Party Against Najib

Malaysia’s Mahathir Seeks to Lead New Party Against NajibHow much chance the rebel political party being established in Malaysia and backed by former Prime Minister Mahathir Mohamad has of besting the deeply corrupt Barisan Nasional is open to question. But it is emblematic of the desperation by  his opponents to break the power of the United Malays National Organization and Prime Minister Najib…

Malaysia May Have Known Fate of Doomed MH370

Malaysia May Have Known Fate of Doomed MH370It seems almost impossible to believe, but the Malaysian government must have known since shortly after it crashed that Zaharie Ahmad Shah, the pilot of the doomed flight MH370, deliberately put the plane down in the Indian Ocean on the night of March 8, 2014 after rendering everybody aboard unconscious and creating the greatest mystery…

Malaysia’s Prime Minister Tightens the Screws on his Enemies

Malaysia’s Prime Minister Tightens the Screws on his EnemiesIt is all but certain that at some point over the next few weeks if not the next few days, the justice agencies of other countries are going to follow the United States in issuing charges of money laundering, theft of public funds and a plethora of others against Malaysian Prime Minister Najib Razak and…

Najib’s Spectacular Carnival of Thievery

Najib’s Spectacular Carnival of ThieveryAmong all the questions triggered by the announcement last week that the US government had seized US$1 billion from assets stolen from 1Malaysia Development Bhd since 2009, the biggest one is perhaps this: How on earth did they think they could get away with it? That cool billion announced by US Attorney General Loretta Lynch…

Malaysia’s Prime Minister Finally in Danger?

Malaysia’s Prime Minister Finally in Danger?For the first time since he began the theft of vast amounts of Malaysian government funds, beginning at least in 1999 when he was named defense minister for the second time, Prime Minister Najib Razak’s kleptocratic career may finally be in danger. It is rare, if ever, that a foreign head of state and an…

US Probe Veers Close to Najib Family

US Probe Veers Close to Najib FamilyReports in American newspapers that the US government plans to seize more than US$1 billion in assets purchased by funds allegedly stolen from the 1Malaysia Development Bhd. sovereign wealth fund  brings a massive scandal one giant step closer to Prime Minister Najib Razak. According to stories in the New York Times and the Wall Street…

Islamic State and Southeast Asia

Islamic State and Southeast AsiaOn June 28, Malaysia joined the ranks of countries under attack by the Islamic State when male suspects tossed mini-hand grenades onto the patio of the upscale Movida Bar and Lounge in a mall in the Kuala Lumpur suburb of Puchong, wounding eight patrons. Police later rounded up Mohd Saifuddin Muji and Jasanizam Rosni, two…

Malaysian PM Snares Another Political Enemy

Malaysian PM Snares Another Political EnemyHaving won decisive victories in two by-elections and a third in Sarawak state elections in May, Prime Minister Najib Razak has been picking off his political enemies one by one, possibly in preparation for a snap election that would ensure that he stays in power for another five years. The latest is Lim Guan Eng, …

Malaysian PM Reshuffles Cabinet, Consolidates Power

Malaysian PM Reshuffles Cabinet, Consolidates PowerMalaysian Prime Minister Najib Razak on June 27 reshuffled 10 portfolios in his cabinet, rewarding a handful of United Malays National Organization stalwarts including Noh Omar, the Selangor UMNO chief, as Urban Wellbeing, Housing and Local Government Minister. The only notable departure is Ahmad Husni Hanadzlah, who resigned as Second Finance Minister. What didn’t happen…