And these people never pay actual cost for their lavish lifestyle - parliamentarians and top government officers, although arguably within the highest income brackets, enjoy extensive perks funded by public money. This includes allowances for transportation, healthcare, housing, and often, subsidies for their children's education and overseas travel. These benefits largely insulate them from the cost of subsidy cuts that the rest of the T15 group faces. Additionally, they benefit from exclusive healthcare options, often bypassing the costs and limitations of the public system altogether. Such disparities create an unfair system where the political elite and top civil servants are shielded from the financial strain of price increases, yet continue to enjoy luxurious perks.

MACC is toothless to recover stolen money while LHDN sleeping on job...........That's why the middle class has to be squeezed

Yes, also LCS, NAFAS Baja........and count on

Companies Act 2016
- Breach of Fiduciary Duty: Directors and officers of Khazanah, as in any company, have fiduciary duties to act in the best interests of the company. Under the Companies Act 2016, directors have a duty to act honestly, in good faith, and for the benefit of the company as a whole. Failing to exercise these duties responsibly can expose directors to legal claims. Sections 213-218 of the Companies Act address these duties

Bagai kacang lupakan kulit - sidelining measure after measure right after general election. Think without T2-19, PH could be in gomen?????

Of the people, by the people for the people - Now, the people want these top earners of the country to pay actual price for their lavish lifestyle!

Cutting subsidies for the T15 (top 15% income group) in Malaysia will likely put an undue burden on the hardworking middle-class, who may be earning a bit more than the national median but still depend on subsidies for essentials. For many in this group, the rise in costs for fuel, electricity, or other necessities due to subsidy cuts will tighten household budgets and reduce disposable income, affecting their overall quality of life. While classified as part of the “T15,” they often do not enjoy the lifestyle that this label might suggest.

In contrast, parliamentarians and top government officers, although arguably within the highest income brackets, enjoy extensive perks funded by public money. This includes allowances for transportation, healthcare, housing, and often, subsidies for their children's education and overseas travel. These benefits largely insulate them from the cost of subsidy cuts that the rest of the T15 group faces. Additionally, they benefit from exclusive healthcare options, often bypassing the costs and limitations of the public system altogether.

Such disparities create an unfair system where the political elite and top civil servants are shielded from the financial strain of price increases, yet continue to enjoy luxurious perks. For example, these officials often have access to government-funded vehicles, which sidesteps the impact of fuel subsidy cuts. Moreover, their regular family vacations and other personal expenses may be indirectly supported by public funds, further cushioning them from the financial realities that average working Malaysians face.

The situation highlights a double standard: the T15 middle class, often labeled as "well-off," must bear the full brunt of these subsidy removals, while top government officials, despite being among the most affluent, continue to maintain their lifestyle at the taxpayer’s expense. This inequality in how financial responsibilities are distributed is felt even more sharply when such cuts are introduced without significant reforms to high-ranking officials’ privileges, creating a sense of injustice and disconnect in policy impacts across Malaysian society.

Like Sarawak does - we expand the size of the pie

(While peninsular carthels continue to fight for "who move my cheese......." Hehe)

Fuel and cooking oil smuggling from Malaysia to neighboring countries like Thailand and Indonesia results in significant public fund losses each year due to the disparity in prices created by government subsidies. Malaysia offers petrol at a subsidized rate of RM2.05 per liter, significantly lower than the market rate in Thailand, where comparable fuel costs about 35.45 baht (around RM4.50) per liter. Similarly, cooking oil is priced at RM2.50 per kilogram in Malaysia, compared to RM8 in Thailand. These price differences incentivize smugglers, particularly in border areas, where they sell Malaysian-subsidized goods for substantial profit.

Despite ongoing enforcement efforts, fuel and cooking oil smuggling remains a persistent issue. Authorities have found that smugglers often use modified vehicles to transport fuel across the border. Cooking oil smuggling, while reportedly reduced in recent years, continues to appeal to southern Thai residents who prefer Malaysian products for their affordability and perceived halal quality. In a recent period from January to August, seizures of controlled goods at the Malaysian-Thai border—including fuel and cooking oil—amounted to about RM451,378, with additional losses likely not accounted for due to undetected smuggling operations.

These activities continue to undermine Malaysia's subsidy programs, costing the government millions of ringgit annually in lost revenue. Effective control remains challenging due to the extensive border and high demand in neighboring countries, leading to a recurring drain on public funds.

Fuel and cooking oil smuggling from Malaysia to neighboring countries like Thailand and Indonesia results in significant public fund losses each year due to the disparity in prices created by government subsidies. Malaysia offers petrol at a subsidized rate of RM2.05 per liter, significantly lower than the market rate in Thailand, where comparable fuel costs about 35.45 baht (around RM4.50) per liter. Similarly, cooking oil is priced at RM2.50 per kilogram in Malaysia, compared to RM8 in Thailand. These price differences incentivize smugglers, particularly in border areas, where they sell Malaysian-subsidized goods for substantial profit.

Despite ongoing enforcement efforts, fuel and cooking oil smuggling remains a persistent issue. Authorities have found that smugglers often use modified vehicles to transport fuel across the border. Cooking oil smuggling, while reportedly reduced in recent years, continues to appeal to southern Thai residents who prefer Malaysian products for their affordability and perceived halal quality. In a recent period from January to August, seizures of controlled goods at the Malaysian-Thai border—including fuel and cooking oil—amounted to about RM451,378, with additional losses likely not accounted for due to undetected smuggling operations.

These activities continue to undermine Malaysia's subsidy programs, costing the government millions of ringgit annually in lost revenue. Effective control remains challenging due to the extensive border and high demand in neighboring countries, leading to a recurring drain on public funds.

No worries.....Next gomen will learn to confiscate dozens of culprits' assets to return to money to fund the people's subsidies and waive PTPTN......

Posted by chinaman > 30 minutes ago | Report Abuse

1) conflict of interest when gomen also involved in biz. 2) waste tax payee money and time to audit all GLC 3) use tax payee $$ to bail out each time GLC failed

With over a dozen of passport retained, bank accounts frozen - We wishes to confirm that it has initiated an investigation into allegations of potential misappropriation of public funds. This decision underscores our unwavering commitment to upholding integrity, transparency, and accountability in public service.

We understand the seriousness of these allegations and their implications for public trust. Therefore, we assure the public that this investigation will be conducted thoroughly, impartially, and in accordance with the law. Our goal is to ascertain the facts surrounding these allegations and determine if any misconduct has occurred.

We encourage anyone with relevant information to come forward and assist in this investigation. Whistleblower protections are in place to ensure confidentiality and safety for those who contribute information.

As this is an ongoing investigation, we cannot disclose further details at this time. We ask for the public's patience and understanding as we carry out our responsibilities. We are committed to providing updates as appropriate while ensuring that our investigative processes remain unimpeded.

The ACC remains dedicated to fighting corruption and safeguarding the interests of the citizens we serve. Thank you for your continued support and trust in our efforts.

Anti-Corruption Legislation: Laws like Malaysia's Anti-Corruption Act (MACC Act 2009) impose stringent obligations on leaders to prevent and address corrupt practices. Under Section 17A, for instance, companies are liable if employees or associates are involved in bribery unless the company has adequate procedures to prevent such acts. Inaction by leadership, therefore, can expose a company to severe penalties if fraudulent or corrupt activities are found to be occurring internally.

While internal audits play a crucial role in the governance of GLCs like Khazanah and PNB, they should be complemented by a multi-faceted approach that includes external audits, robust risk management practices, enhanced corporate governance, and technological solutions. This holistic strategy can provide a stronger defense against losses from suspicious deals and improve overall accountability in investment decisions.

Reformbasi

Vivy Maple's owner could exploit PNB and Khazanah through a combination of strategic misrepresentation, leveraging institutional trust, and potential misallocation of funds.

FashionValet acquired 30 Maple, the company behind the dUCk brand, from Vivy Yusof. This acquisition took place in December 2018, following FashionValet's Series C funding round earlier that year. The valuation of this deal is reported to be around RM100 million

Yes, hundred of million loss......only a fraction of FV.......hehe

While Sarawak has made strides in offering free university education, Peninsular Malaysia still depends heavily on the PTPTN (Perbadanan Tabung Pendidikan Tinggi Nasional) loan system. This loan system has often led to financial strain on young graduates, many of whom struggle with repayment due to job market constraints and wage stagnation.

Sarawak's ability to offer free education could be partly due to its resource-rich status, especially in oil and gas, which has contributed to its higher income base. This raises questions about federal resource allocation, the impact of regional autonomy, and the effectiveness of wealth distribution policies. Sarawak and Sabah have, in some instances, pushed for greater autonomy over their finances and resources, arguing that this could better serve the needs of their populations.

On the other hand, Peninsular Malaysia's issues with scandals, such as 1MDB, the feedlot scandal, and corruption allegations, have cast a shadow on the federal government's management of public funds. These issues not only affect public trust but also hinder the government's ability to fund social initiatives, such as debt-free education.

We are different - more GLC, more foriegn investors, more prosperous here.....hehe

While Sarawak has made strides in offering free university education, Peninsular Malaysia still depends heavily on the PTPTN (Perbadanan Tabung Pendidikan Tinggi Nasional) loan system. This loan system has often led to financial strain on young graduates, many of whom struggle with repayment due to job market constraints and wage stagnation.

Sarawak's ability to offer free education could be partly due to its resource-rich status, especially in oil and gas, which has contributed to its higher income base. This raises questions about federal resource allocation, the impact of regional autonomy, and the effectiveness of wealth distribution policies. Sarawak and Sabah have, in some instances, pushed for greater autonomy over their finances and resources, arguing that this could better serve the needs of their populations.

On the other hand, Peninsular Malaysia's issues with scandals, such as 1MDB, the feedlot scandal, and corruption allegations, have cast a shadow on the federal government's management of public funds. These issues not only affect public trust but also hinder the government's ability to fund social initiatives, such as debt-free education.

Peninsular is still going after PTPTN borrowers - cannot afford to waive???? Hahahaha

While Sarawak boleh - high income partner of Msia.....hehe

Peninsular continues to be plagued by shameless nama busuk feedlot cow, 1mdb, Lowyat 2, fashion valet......

While Sarawak boleh - high income partner of Msia.....hehe

Peninsular continues to be plagued by shameless nama busuk feedlot cow, 1mdb, Lowyat 2, fashion valet......

Low Yat 2" (MARA Digital Mall) project reported accumulated losses totaling RM286.3 million........

Resignation timing = poor timed, Too late or too fast? Not right.....

1. Economic Downturn or Market Instability: If the company or the broader retail sector is facing an economic downturn or market challenges, a CEO’s resignation could be seen as abandoning ship at a crucial moment. The retail fashion industry, especially in the wake of a fluctuating post-pandemic economy, requires steady leadership to navigate supply chain disruptions, shifts in consumer demand, and inflationary pressures.

2. High-Profile Competitions or Partnerships: If Fashion Valet has entered into any new high-profile collaborations or is dealing with a surge in competitors, a CEO’s resignation could signal a lack of confidence or commitment. For instance, Malaysia’s fashion industry is competitive, and local brands like Fashion Valet rely on loyalty and local support, so a sudden departure during a critical growth phase could affect the brand's momentum.

3. Ongoing Brand Rebranding or Expansion: If the company is in the midst of rebranding or an expansion phase, especially to reach new international markets or establish a stronger online presence, the CEO’s guidance and vision are crucial. A CEO leaving at this stage could interrupt the process, delay projects, or send a mixed message to investors and customers alike.

4. Negative Public Relations or Legal Issues: Resignation during a PR crisis or legal disputes could appear as if the CEO is stepping down to evade accountability. This might involve addressing criticisms around transparency, environmental impact, or treatment of employees within the fashion industry. A leader’s exit could undermine public trust, and without a clear reason, it could invite speculation that adds fuel to any existing issues.

5. Heightened Pressure for Inclusivity and Social Responsibility: The Malaysian fashion industry, like many others, is under pressure to be more inclusive, ethical, and socially responsible. If the CEO were seen as an advocate for these values, their departure could set back progress on initiatives designed to respond to societal concerns. Resigning at this point could be perceived as abandoning the mission for short-term gains or a lack of resilience.

6. Employee Morale and Retention: Leadership changes can have a direct impact on employee morale and retention, especially during times when talent retention is a challenge across industries. A CEO leaving abruptly could create uncertainty among employees, especially those invested in the brand's mission, and lead to increased turnover rates. This could be especially detrimental in industries reliant on creative and consistent team effort, as is often the case in fashion.

7. Investor Confidence and Financial Instability: Investors typically prefer stability and a steady, forward-moving trajectory. If a CEO exits without a well-communicated succession plan or fails to address future goals, this could create doubt about the brand’s resilience and market direction. Investors may interpret a sudden resignation as a lack of confidence in the company’s future, leading to a drop in stock value or funding.

Nothing on earth more toxic than fashion valet

Integrity, Accountability and Ethical Standards: Public trust in Khazanah and PNB is critical. Like in the 1MDB scandal, where Naj’s failure to address and prevent Low’s activities directly affected Malaysia's financial integrity, leaders of major institutions are expected to uphold ethical standards and act on misconduct. Not reporting any known misconduct, especially large-scale fraud, could imply that they are prioritizing reputation over accountability, which could lead to suspicion and erode trust.

Let Sarawak lead the way toward transitioning Earth to a Type 1 civilization on the Kardashev scale by pioneering renewable energy solutions and environmental stewardship.

It's citizens' rights to dissent. It is essential to defend the freedom to question and debate the imposition of cultural, moral, and religious diktats. When values and rules are forced upon a society without open discussion, it undermines individual autonomy and suppresses intellectual growth. Dissent is often misinterpreted as disrespect or rebellion, when in reality, it is a fundamental aspect of a vibrant democracy. Citizens must have the right to challenge policies that dictate how they should live, think, or behave, particularly when these policies impose narrow moral or religious standards that not everyone shares. Efforts to impose such mandates can be detrimental to a pluralistic society, where diverse beliefs and lifestyles coexist. Forcing a singular ethos onto the public not only stifles freedom of expression but also risks fostering resentment, division, and stagnation

As AI increasingly governs various sectors with precision and unbiased analytics, the expectation for political leaders and parties should rise to a higher standard: perform or be replaced

The new curriculum will ensure excellent representation of the history, culture, and contributions of all ethnic groups, leading to a healthy appreciation, deep understanding and mutual respect of the diverse cultural landscape of the country- from east to west- from its very origin to its ultimate formation. Students will be ensured to grow up with an excellent worldview and appreciation for multiculturalism.

Religion has been exploited in numerous ways for personal and organizational gain, primarily through financial, political, and social manipulation. Leaders may exploit donations, sell religious items, or operate Ponzi schemes under the guise of faith. Politically, religion is used to legitimize power, enforce social control, and justify violence or persecution. Charismatic figures often cultivate a cult of personality, manipulating followers through miracle claims or promises of salvation. Religious institutions may exploit tax exemptions, misuse charitable donations, and suppress dissent through excommunication or emotional blackmail.

Not to be kata di bawah skriptur gua- Promote Multilingualism: Enhancing proficiency in English, Mandarin and other global languages can improve competitiveness in the global economy.

Wastage of Public Funds: Overseas trips, often labeled as "study trips" or official visits, cost hundred of millions of ringgit per year. These funds could be better allocated to crucial national needs like education, healthcare, or debt repayment. In a time when Malaysia faces significant national debt, cutting non-essential expenditures like these trips would demonstrate fiscal responsibility.

It is unethical, potentially sinful, and non-halal for Members of Parliament (MPs) in Malaysia to receive large pensions—reportedly RM100,000+ per month—while the nation faces rising poverty, an expanding B40 (bottom 40% income earners) population, and increasing national debt is grounded in both moral and socio-economic considerations.

By failing to align their educational frameworks with global demands, many undeveloped countries miss out on opportunities for sustainable growth, while investments in moral policing result in social stagnation and economic decline.

Time wasted on irrelevant content—often rooted in dated pedagogies—further drains the potential for personal growth and intellectual curiosity. Instead of nurturing curiosity, students are taught to adhere to rigid structures, making education feel like a chore rather than an enlightening journey. As the world races forward, Malaysia’s national school system risks leaving its students behind, unprepared to compete on a global stage.

For the Pakatan Harapan (PH) and Barisan Nasional (BN) coalition to win Malaysia’s 16th General Election (GE16), they will need a comprehensive strategy that solidifies their base, expands their reach to new demographics, and addresses current issues with a vision for Malaysia’s future.

Evolution has equipped humans with skills optimized for survival in a primitive world, but these skills often fall short in the complex, digital environment we now inhabit. Education reform plays a critical role in helping children overcome the counterintuitive limitations of human evolution when adapting to a hypermodern, IT-driven world like IR 4.0 (the Fourth Industrial Revolution).

PerMAiDANI gomen has failed to learn from Jack Ma. Listen to what he says: Don't go after the M48 middle class - millionaires or not, they deserve the life that they have rightfully earned. It's the Top 2% billionaires who have sinfully sapu the public $$$$$$ supposedly meant for the B50 And these 2% hold 98% of the poor's money. Solution is simple. No brainer really

Protect the children - Prevention is better than cure: Early exposure to dogma would lead to cognitive rigidity, making it challenging for individuals to adapt to new information or change their beliefs in the face of evidence. This rigidity is associated with difficulties in adapting to complex or unfamiliar environments, which are increasingly prevalent in today's rapidly changing world. Cognitive flexibility is crucial for navigating new challenges and environments, particularly in the context of the information-rich society children are growing up in .

Failure to ending public funding of unjustifiable obsolete schooling which wouldn't be able to help learners to adapt better to face the new challenges in a fast-changing millennium.

Fashion Valet later.......

West Msia West Msia.......Fashion Valet and counting.......Sarawak progresses on.........Cursed generation after generation to pay back - In overseas gomen spend all the Rakyats' money. Keep borrowing till bertrillion-trillion hutang keliling pinggang. Rakyat kais pagi makan pagi. The metaphor "bagai kera di hutan diberi susu, anak di rumah mati kelaparan" suggests a situation where outsiders are prioritized while local citizens suffer, likening it to feeding monkeys in the forest while one's own children starve at home. This perspective criticizes Malaysian politicians for extending medical treatment and hospitality to Palestinians, potentially neglecting pressing local needs.

To foster a government driven by dedication rather than privilege, we should consider removing perks from political roles, ensuring that only those who genuinely love the work and care about the nation would take up such demanding positions. Unlike politicians, who receive taxpayer-funded benefits like housing, healthcare, transportation, and travel allowances, hardworking individuals in tax brackets T2-T15—the backbone of the tax base—do not have such privileges. These taxpayers work tirelessly to cover their living expenses, contribute to the economy, and support their families, balancing mortgages, education costs, and retirement savings without any state-backed safety net.

Eliminating the perks associated with political office would level the playing field, putting political leaders in touch with the realities their constituents face. Many professionals in T2-T15 brackets bear a far greater financial burden than public officials, yet they remain committed to their responsibilities, demonstrating a work ethic grounded in personal responsibility and a desire to contribute positively to society. Politicians should experience the same pressures that ordinary citizens face, encouraging a government of genuinely committed leaders rather than careerists drawn by benefits.

If the perks are removed, those entering politics would do so out of a deep sense of purpose and commitment to serve. This would attract individuals who prioritize public service and the nation's welfare, rather than those seeking a comfortable career path. It would also bridge the inequity in the current distribution of resources, as T2-T15 earners would no longer be funding an elite lifestyle for politicians. In turn, this might also lead to more responsible governance and a stronger alignment between policymakers and the citizens they represent, ultimately building a more committed and empathetic leadership class.

No more letting T2-15 pay for their transport, Burbery and extravagant lifestyle. Let MPs pay for the actual cost of such living........WHY not be really functional Robin Hood?

No more letting T2-15 pay for their transport, Burbery and extravagant lifestyle. Let MPs pay for the actual cost of such living.....

The hardworking, successful taxpayers in the T2-T15 bracket, who contribute the lion’s share of the tax revenue, shoulder a far greater financial burden than politicians who enjoy numerous perks funded by the public purse. Unlike these officials, whose benefits include subsidized housing, healthcare, transportation, and travel allowances, T2-T15 earners must finance their living expenses without such privileges.

These taxpayers are deeply committed to their work and families, often juggling demanding jobs, mortgages, education costs, and savings for retirement. Removing subsidies on essentials would increase their financial strain, as they lack the safety nets and additional income streams that politicians enjoy. For these earners, every additional expense can have a compounding effect, impacting their ability to save, invest, and maintain their standard of living.

As the backbone of the tax base, T2-T15 taxpayers already support government programs and subsidies, funding the very benefits that politicians receive. The removal of subsidies would not just hit their finances but could lead to diminished economic productivity, as these individuals might have to cut back on spending, impacting the economy as a whole. The expectation that they should continue to bear additional financial burdens, while elected officials live at the expense of their contributions, highlights an inequitable distribution of resources that deserves reconsideration.

A fairy tale that everyone could believe - NXBT Partners acquired a majority stake of 51.25% in FashionValet at a significantly reduced valuation. This purchase, totaling around 1.1 million dollar......hahaha

NXBT Partners acquired a majority stake of 51.25% in FashionValet at a significantly reduced valuation. This purchase, totaling around 1.1 million dollar......

The heads of Khazanah and Permodalan Nasional Berhad (PNB) bear a responsibility to report the Fashion Valet (FV) scam and, if failing to do so, might be considered as culpable as former Prime Minister in the 1MDB scandal involving JLow