Friday 22 March 2024

Congratulations Malaysia … country only a rank away from becoming world’s No.1 most racist country!

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Congratulations Malaysia … country only a rank away from  becoming world’s No.1 most racist country!

KUALA LUMPUR, March 23, 2024: A global survey by Indexmundi has ranked Malaysia as the world’s second most racist country.

C’mon the Taliban-like PAS, racist Perikatan Nasional (PN) led by the unpatriotic Muhyiddin “I Am Malay First” Yassin and Umno, please work harder to become No.1 or the World Champion of Racism.

And when Malaysia is treated as an international pariah, let us all suffer great socio-economic misery as investors shun the country - now a more than RM3 trillion debt economy (national debt + household debt) (see posting below for details).

The new champion racial and religious bigot is currently Umno Youth Chief Dr Akmal Saleh who has even attracted criticisms from former Wanita Umno Chief Rafidah Aziz for his extremist behaviour.

Rafidah said: “Even Prophet Muhammad had shown exemplary restrained behaviour when confronted by those who were hostile towards him. She said Prophet Muhammad did not allow his ego to get in the way.

If people like the Umno Youth chief cannot even try to emulate our great Prophet in terms of how he treated others, then Akmal has not upheld what Islam expects of him.” (Rafidah spoke to FMT)

So, Akmal and Umno, work harder please to “help” Malaysia achieve No.1 status as the World Champion Racist, and watch how the more than RM3 trillion debt-ridden country plunges into socio-economic abyss.

No News Is Bad News reproduces below related news reports: 

 

窗体底端

The Coverage/News/Global Survey : Malaysia Ranked 2nd Most Racist Country In The World

NEWS

Global Survey : Malaysia Ranked 2nd Most Racist Country In The World

22 March, 2024

Racial discrimination in Malaysia is a very touchy subject even in the 21st century. It’s one thing for Malaysians to be racist with each other but when that racial discrimination gets global attention, Malaysians do not take it lightly.

According to a recent global survey done by a data portal, Malaysia ranked at 2nd place for racial discrimination, behind South Africa.

Problem Explanation

Racial discrimination is a deeply rooted issue that has profound consequences for individuals, communities, and the overall fabric of society. Here are key reasons why racial discrimination in a country is considered a problem:

1. Violation of Human Rights: Racial discrimination constitutes a violation of basic human rights, denying individuals the right to equal treatment, dignity, and freedom from discrimination.

2. Undermining Social Cohesion: Discrimination based on race fractures social cohesion by creating divisions and fostering a sense of inequality. This can lead to tension, mistrust, and the fragmentation of communities.

3. Impact on Mental Health: Racial discrimination has detrimental effects on the mental health of individuals who experience it, leading to stress, anxiety, depression, and other psychological consequences.

4. Economic Disparities: Racial discrimination contributes to economic disparities, limiting opportunities for marginalized racial groups in education, employment, and wealth accumulation. This perpetuates cycles of poverty and inequality.

5. Reduced Access to Opportunities: Discrimination denies individuals equal access to educational, employment, and advancement opportunities, hindering their personal and professional development.

6. Undermining Diversity and Inclusion: Discrimination hampers efforts to build diverse and inclusive societies. Embracing diversity fosters creativity, innovation, and the richness that comes from different perspectives and experiences.

7. Legal and Social Injustice: Racial discrimination leads to legal and social injustice, as individuals may face unfair treatment in the legal system, law enforcement, and various institutions.

8. Political Instability: Persistent racial discrimination can contribute to political instability, as marginalized groups may face exclusion from political processes and experience systemic inequalities.

9. Violence and Conflict: Racial discrimination can escalate into violence and conflict, with discriminatory practices fuelling social unrest and animosities between different racial or ethnic groups.

10. Global Reputation: Countries that tolerate or perpetuate racial discrimination may suffer damage to their global reputation, affecting diplomatic relations, trade partnerships, and international cooperation.

Source : Indexmundi

 

The Coverage/News/Rafidah : “If Akmal Cannot Even Try To Emulate Our Great Prophet , In Terms Of How He Treated Others, Then Akmal Has Not Upheld What Islam Expects Of Him” 

NEWS

Rafidah : “If Akmal Cannot Even Try To Emulate Our Great Prophet , In Terms Of How He Treated Others, Then Akmal Has Not Upheld What Islam Expects Of Him” 

22 March, 2024

A former Wanita Umno chief has hit out at Umno Youth chief Dr Akmal Saleh’s behaviour following the controversy sparked by the sale of socks bearing the word “Allah”.

Rafidah Aziz said even Prophet Muhammad had shown “exemplary restrained behaviour” when confronted by those who were hostile towards him. She said Prophet Muhammad did not allow his ego to get in the way.

“If people like the Umno Youth chief cannot even try to emulate our great Prophet , in terms of how he treated others, then Akmal has not upheld what Islam expects of him,” she told FMT.

Akmal had previously dismissed an apology made by the convenience store chain KK Mart after photographs of the socks, sold at a KK Mart store, appeared on social media. He deemed the apology insufficient, and pushed for a boycott. Akmal, who is the assemblyman for Merlimau, Melaka, also said he was willing to lose his post to defend Islam.

Rafidah said the nation did not need rabble-rousers like Akmal who would only divide Malaysians. She said the government must not allow itself to get caught in a difficult situation of managing rebel-rousers and should ensure that tensions do not escalate.

“There are already so many pressing issues to address and manage without being distracted by such unwarranted problems, like the socks. Action is already being taken and no one should be allowed to politically capitalise on it. Enough already,” she said.

The photographs of the socks posted on social media last Wednesday had earned the ire of the Muslim community.

On Saturday, the company apologised and expressed regret over the incident.

However, on Wednesday, Akmal vowed to continue calling for a boycott of KK Mart, despite advice from party officials that the issue not be prolonged. He said “no one will be able to stop me even if they try.”

He also demanded that the company put up banners at all of its 881 stores nationwide to apologise for the sale of the socks, threatening a stronger boycott should it fail to comply.

Earlier today, Umno secretary-general Asyraf Wajdi Dusuki said the party’s Supreme Council fully supported the Umno Youth chief’s stand.

Monday 18 March 2024

Malaysia - a more than RM3 trillion debt-ridden nation

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No News Is Bad News

 

78,132 views 10 Oct 2023 Is Malaysia's escalating national debt a ticking time bomb or a misunderstood tool for economic growth and stability? Explore contrasting perspectives, from Prime Minister Anwar Ibrahim's debt-reduction approach to insights from Modern Monetary Theory. For image info, go to

https://www.youtube.com/watch?app=desktop&v=kS_08qWgMvE (Malaysia's $350 Billion Debt Crisis, Explained)

Malaysia - a more than RM3 trillion debt-ridden nation

KUALA LUMPUR, March 19, 2024: Malaysia’s 10th Prime Minister (PMX) Anwar Ibrahim yesterday revealed that household debt was at RM1.53 trillion as of last year.

He told Parliament in a written reply that household debt had been growing at 5.1% annually.

And with the national debt of more than RM1.5 trillion, Malaysians are living in a high debt-ridden economy and country.

Is that bad for Malaysians and Malaysia? There are varying arguments with some economic and financial analysts saying debt is not always bad.

However, the fast depreciating value of the Ringgit is certainly worrying and unsettling.

No News Is Bad News reproduces below a news report on Anwar’s parliamentary written reply:

Household debt at RM1.53 trillion as of last year

FMT Reporters

-18 Mar 2024, 11:43 PM

Prime Minister Anwar Ibrahim says there has been a 5.1% annual growth in household debt from 2018 to 2023.

Housing loans made up the largest portion of the country’s total household debt, followed by vehicle loans and personal financing.

PETALING JAYA: Malaysia’s aggregate household debt stood at RM1.53 trillion at the end of 2023, said Prime Minister Anwar Ibrahim.

Anwar, who is also the finance minister, said housing loans made up the largest portion of the country’s aggregate household debt at 60.5%, followed by vehicle loans (13.2%) and personal financing (12.6%).

Aggregate household debt for previous years was RM1.45 trillion in 2022, RM1.38 trillion in 2021, RM1.32 trillion in 2020, RM1.25 trillion in 2019, and RM1.19 trillion in 2018.

“The household debt-to-GDP ratio at the end of 2023 also increased slightly to 84.2% compared to 2018 (82%),” he said in a written parliamentary reply.

He was responding to a question from Pang Hok Liong (PH-Labis) about the country’s aggregate household debt from 2018 to 2023.

Anwar said there had been a 5.1% annual growth rate in household debt from 2018 to 2023.

He said this was mainly driven by housing loans and vehicle loans following various home ownership incentives offered by the government and the private sector, as well as sales and service tax (SST) incentives for the purchase of motor vehicles between 2020 and 2022.

Separately, deputy finance minister Lim Hui Ying said during the question-and-answer session that Bank Negara Malaysia (BNM) was taking a cautious approach to risks associated with household debt to ensure they will not have a negative effect on the country’s financial system.

Apart from ensuring that individuals borrow based on their ability to repay within the stipulated period, she said, BNM is working to improve the public’s financial literacy level and encouraging households which have substantial borrowings to follow the Credit Counselling and Debt Management Agency’s (AKPK) online financial education programme.

 

Malaysia's national debt now at RM1.5 trillion, or over 80pct of GDP

By Teoh Pei YingFarah Adilla - January 17, 2023 @ 10:01am

Malaysia's national debt including liabilities has reached RM1.5 trillion. NSTP/AIZUDDIN SAAD

PUTRAJAYA: Malaysia's national debt including liabilities has reached RM1.5 trillion and should be addressed urgently, Prime Minister Datuk Seri Anwar Ibrahim said.

This was already more than 80 per cent of the country's gross domestic product (GDP).

The figure also suggests that Malaysia's budget deficit will widen further than the earlier estimate of 5.8 per cent of the GDP for 2022.

"The economic uncertainties are still not easing. The economy is still considered dim and this was also contributed externally including the Ukraine-Russia conflict as well as global recovery post-Covid.

"The problem with our debt is it has already touched RM1.2 trillion and if includes liabilities, it is RM1.5 trillion.

"We have to accept this reality. We cannot feel complacent, living with the culture of contentment as if there is no problem," Anwar said during the 2023 Budget dialogue here today.

Also present were deputy Finance Ministers Datuk Seri Ahmad Maslan and Steven Sim Chee Keong, as well as deputy secretary general of treasury Datuk Johan Mahmood Merican.

The new 2023 Budget is expected to be tabled in the Parliament on Feb 24.

The original 2023 was presented on Oct 7 by the then finance minister Tengku Zafrul Abdul Aziz with a total allocation of RM372.3 billion but was not approved due to the dissolution of Parliament three days later to make way for the 15th general election (GE15).

Anwar was reported to have said that the government will look at the proposals in the budget tabled by the previous government and make the necessary changes before tabling his government's budget.

Meanwhile, Anwar said it had taken him only two months in the office to recognise that the government would be able to save around RM10 billion from leakages from its procurement system.

Hence, he said the mandate of the unity government remained - to change the orientation of the system in order to ensure that the vast majority of citizens benefit from economic initiatives and reforms.

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