Koon Yew Yin's Blog

Why must Agong fix a date for Parliament to reconvene? Koon Yew Yin

Koon Yew Yin
Publish date: Sun, 27 Jun 2021, 10:07 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

Currently we have a total of 728,462 Covid 19 cases and 4,884 deaths. These 2 figures are still surging as shown on the 2 charts below. Recently Malaysia held the world record of having the most Covid 19 cases per capita.

 

As I said many a time, managing the country is like managing hundreds of business operations in every town and village. In any business operation management efficiency is most important. Good managers produce good result and bad managers produce bad result.

In the case of Malaysia, the number of Covid 19 cases and deaths is a true measure of our government’s efficiency.

Lockdown to continue until cases drop below 4,000 say Muhyiddin

Bernama quoted Muhyiddin as saying that the lockdown will not end tomorrow and that the first phase of the National Recovery Plan would remain.

The lockdown was supposed to end tomorrow (June 28), after being extended two weeks ago. The lockdown began on June 1.

With the lockdown extended indefinitely, Muhyiddin said Putrajaya will be announcing more assistance measures, either tomorrow or on Tuesday. These aid measures will be geared toward all groups of society, he added.

Muhyiddin previously announced the RM40 billion Pemerkasa Plus aid package, involving RM5 billion in direct fiscal injection. But many had criticised the package for being insufficient to help people and businesses during the national lockdown.

Agong will be shocked when he sees the following damage.   

Kuala Lumpur, Johor and Penang 126 hotels closed

Langkawi, Malacca City 115 hotels closed

KL Parkroyal Hotel will be closed for renovation for 15 months

KL Plenitude closes 3 hotels

KL Syeun Hotel Closed

Kinta River Front Hotel closed

Tower Regency Hotel closure

Hilton Hotel cuts 2,100 employees

Four Points Hotel closure

Expedia layoffs 3,000 jobs

Tioman Resort Closed

Cold storage Petaling historic supermarket closed

100% of tourist agencies are temporarily or permanently closed, causing 370,000 people in the country to shut down

100% of theatres are temporarily or permanently closed, causing 43,000 people in the country to close

70% hair saloons There is a wave of closure, affecting the livelihoods of 100,000 people

Colleges, training centres, professional schools are suspended, and more than 10,000 school buses are parked

Casinos, entertainment, KTV, bars, SPA, CLUB, GYM, temporarily or permanently closed,

Caused 1 million people in the country to suspend business

National chain milk tea shops also closed down one after another, laying off 25,000 employees

860,000 domestic college students, graduation equals career, employment opportunities are almost zero

The list continues to increase. Including unstated construction, development, contractors, supermarkets, and temporary sales.

81% in Malaysia #law firms will go bankrupt within one year, and they will not be able to escape downsizing. The disadvantages of combined operations or even closure

The lawyers of the Malaysian Bar Association have more than 20,000 members. Due to the COVID-19 pandemic, they are the same as most economic sectors that cannot be "stopped from the epidemic". In addition, low industrial transactions have impacted business decline and faced "downsizing" or bankruptcy doom. ... to strike a balance between companies and employees, we urge the government to strongly support professional categories, including law firms, because they constitute the lifeblood of the national economy.

Data from Sin Chew Daily, China News, and Oriental Daily.

 

How Malaysia could have avoided all these problems? 

The number of Covid 19 cases chart shows that Malaysia did not have Covid 19 cases in September last year and the number of cases gradually started to increase. By then China has already vaccinated millions of people in China with its own vaccines called Sinovac.

Why should our government buy vaccines from Pharmaniaga? 

It is quite customary or usual for a head of a nation to telephone call the head of another nation, especially in a case of urgency. Our back door Prime Minister Muhyiddin should have called Chinese President Xi Jinping for the supply of Sinovac vaccine instead of the government buying vaccines from Pharmaniaga and other commercial companies. Muhyiddin could easily called Xi Jinping because of emergency to save human lives.

Muhyiddin is afraid to call Xi Jinping for help because he is not legitimately elected. He came in by the back door.

Recently Muhyiddin met the Agong and also Anwar met the Agong to find the best way to overcome the Covid 19 pandemic. 

Why must Agong fix a date for Parliament to reconvene?

Our Agong suggested politely to reconvene Parliament as soon as possible. Muhyiddin ignores Agong’s advice. He is dragging his feet to prolong his position as PM. In this case of emergency, Agong must fix a date for Parliament to reconvene. It is most likely Muhyiddin will be voted out and Anwar Ibrahim will be the next PM. Malaysia urgently needs a strong PM to be able to make bold decision to overcome this Covid 19 pandemic which is killing so many people and our economy.          

  

 

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Discussions
Be the first to like this. Showing 2 of 2 comments

emsvsi

Dear Mr Koon Yew Yin,

It seems you have an interest in the travel & tourism (T&T) industry. Indeed, this will is the final stretch before immunizations in Malaysia are completed and life moves forward

As such, the numbawan top pick sure win Recovery (T&T) and Value and Growth stock is Genting (3182)


The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, property cycle, commodities cycle...

1971 Genting Highlands Opens
2021 50 Years of History and Growth

2009 Global Financial Crisis
2020 Covid-19 Pandemic

2009 Year of the Ox (KLCI + 44%)
2021 Year of the Ox

2010 Resorts World Sentosa (SG) opens
2021 Resorts World Las Vegas (US) opens

2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (all time high)
2020 Nov RM2.95 (low) to 2022 RM ????

History always repeats itself

Years of downtrend will be replaced with years of uptrend

Genting will once again go on a Supercycle Superbull run in the Year of the Golden Ox as the economy recovers and accelerates as history has shown countless times after every recession


Sincerely,
EMSVSI

2021-06-28 20:48

Tiger66

First Muhiaddin and the gang used Islam and Malay supremacy to trick the people and grasped power. Country is now ruining by Muhiaddin and the gangs. Agong is trying hard to do something about it.

2021-06-29 17:50

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