Thursday, April 05, 2018

Ch'au K'ar

FMT - Think tank: Axing Chinese projects will send out negative signals (extracts):

The Socio-Economic Research Centre says when a government doesn't honour contracts, it will create a sense of anxiety among investors.




PETALING JAYA: A think tank has panned the idea of calling off Chinese infrastructure projects which have already commenced, saying this will send negative signals to investors and give them a sense of uncertainty.

When a government doesn’t honour contracts it has signed, it can create a sense of anxiety among foreign investors.

“The failure to carefully manage the review of existing contracts can affect bilateral relations,” Socio-Economic Research Centre (SERC) executive director Lee Heng Guie told FMT.

Lee was responding to comments by opposition leader Dr Mahathir Mohamad, who said a Pakatan Harapan (PH) government might stop the RM55 billion East Coast Rail Link (ECRL) if, after review, the Chinese-led project was found unnecessary.


Apart from his dislike of things Chinese** (contrast this to his 'Look East' policy), such is his personal hatred for Najib that he has thrown caution to the winds, to destroy his dislikes recklessly, wantonly, imperiously as he so wishes, ...

** except for their votes

... as if Malaysia under his rule will be his personal property to do as he wishes, as was the case in his 22-years rule, for example, building a moronic incomplete 'crooked bridge' costing hundreds of millions just to 'up the ante' in his personal grievance against the Sing government (or Lee Kuan Yew).




Re-emphasising a truth, When a government doesn’t honour contracts it has signed, it can create a sense of anxiety among foreign investors".

The government might have got away from dishonourably reneging on an international peace deal with the former communist insurgents in rejecting Chin Peng's wish to return to his hometown of Sitiawan to be buried there (whilst allowing many Malay CTs to return to Malaysia for government-aided settlement), but we cannot afford to renege on international business contracts anymore, more so at the whims and fancies of just an elected politician.



From MM Online -
Malaysia is laughing stock over ‘Chin Peng’ affair, says ex-IGP (extarcts):

The world will laugh at Malaysia if Putrajaya insists on not allowing Chin Peng’s remains to be buried in his home country here, former top cop Tan Sri Abdul Rahim Mohd Noor has said.

Abdul Rahim — who had led the peace negotiations between Malaysia and the Malayan Communist Party (CPM) as the Special Branch chief then in the late 1980s — said it was unfair to ban Chin Peng from the country, noting that other Malay former communists have been allowed to return home.

“If the government — the authorities — succumb to this public pressure not to allow Chin Peng’s ashes to be brought back, I think, we are making Malaysia a laughing stock to the whole world,” Abdul Rahim said in an interview aired on business station BFM yesterday.

“If you say that Chin Peng as secretary-general of the party (CPM) is the highest-most member, then he qualifies to get all the privileges, advantages or whatever promises made in the agreements, which includes for him to be allowed to come back,” he added, referring to the Hat Yai Peace Accord in 1989.




Apart from loss of international credibility through lack of honouring peace and other types of treaties and contracts, it's just too bloody costly and wasteful of resources to pamper to one person's personal imperious temperament, moods, grudges, bias and penchants.

Chinese Penangites have a term for such a lack of honour or refusal to honour agreements, contracts and treaties. They would call such a person 'ch'au k'ar' or 'bad leg' (kaki jelek) which means an dishonourable untrustworthy disreputable person, especially in business deals.

Ch'au k'ar.


18 comments:

  1. The important point is
    "if, after review, the Chinese-led project was found unnecessary". I Don't see anything wrong in that statenent.

    Many Malaysian Chinese are equally leery and doubtful about the benefits of the China Mega Projects.

    That is also why DAP was on-board the Pakatan platform calling a a review of China Mega Projects.

    In most cases, they mainly benefit the China contractors and selected local cronies.
    Most ordinary Malaysian Chinese businesses are not in the picture at all..

    The economic relationship with China is important , but it must be carried out in a transparent and equitable manner.

    More crony capitalism, this time involving PRC entities does not benefit ordinary citizens.

    ReplyDelete
  2. is this not what opposition always claim to review tis n terminate tat all the years be it pas dap pkr etc etc?

    ReplyDelete
  3. If a politician's history is to be the yardstick to vote them, between a Chow Kar and another Waving a Keris and calling to spill your blood, Who would you choose?

    So, how? Novote, Spoiltvote, Take a holiday?

    ReplyDelete
  4. From an economic point of view, ECRL is not a viable solution to redevelop East Coast States of PM'sia.

    RM60+B or at a cost of RM80M per km screams kleptomaniac extravaganza.

    In fact, it's a frequently used project tactic by the current regime to scam money out of a foreign subsidized loan by hijacking the project cost.

    The Chinese is gamed due to her own geopolitical interest of building an alternative route for her energy needs by bypassing S'pore. So cost is her least consideration.

    The Chinese will maintain some semblances of economic sided-effects along the ECRL to keep the rail working. But those spillover business activities will be restricted to O&G transportation & will be confined to mainly mainland Chinese operatives to recover her hefty investment (cost+incentives+undertables). The locals can expect bread crumbs!

    Mamak might not be actually Ch'au k'ar.

    From his economic dissections of the ECRL project, he knows what he is talking about ( are u??).

    All over the world (democratic/authoritative), many inter-governmental projects r subjected to renegotiations after a regime change. Especially those that r signed under dubious conditions.

    So Ch'au k'ar as in what?

    Sell the country lock, stock & barrel under a signed business contract JUST bcoz a corrupted previous regime has stamped his signature?

    This is a BIGGEST bull coming from u!

    This subconcious psychological play on the Cinapeks WON'T work!

    Pinklips IS doomed!!!

    ReplyDelete
    Replies
    1. Re your "From his economic dissections of the ECRL project, he knows what he is talking about", wasn't he notorious for his many failures of mega projects like Perwaja, Maminco, FOREX, MAS etc etc etc?

      Delete
    2. Again BULL!!

      Those mega projects like Perwaja, Maminco, FOREX, MAS etc etc etc had similar economic dissections THAT made sense!

      When mamak 'forced' those mega projects down the throat of the nation, he definitely knew WHAT he was doing. It was just that his ego & his nominees failed him miserably.

      Perhaps, a biased wordsmith can't tell the wheat from the chaff in a business analysis.

      Unlike what pinklips is doing NOW, pinklips IS solely based on

      A) Chinese money to prop up the coffer depleted by 1MDB

      B) to get another personal cuts

      Similarly, pinklips current baits of windfalls to the bloated civil servants ARE the initiation of the 'Greece economic tradegy'.

      If u REALLY want to comment about bolihland economy, DO some in-depth comparisons of Greece/M'sia - especially the state of governance prior to the Greece recent economic collapse!

      Delete
    3. are Perwaja, Maminco, FOREX, MAS etc flourishing?

      Delete
    4. Bolih baca betul2 ke?

      "…his ego & his nominees failed him miserably."

      Then, IS 1MDB flourishing?

      Delete
    5. a general never blames his troops

      Delete
    6. ECRL is a brilliant move to reroute commerce traffic away from Singapore. If this fully realised, THEY are doomed!!!

      Why else do you think Singapore is investing so much into the Oppos?

      Delete
    7. Wakakakaka………

      How convenience le!

      "a general never blames his troops"

      So conversely, when a war is won THAT'S due to the singular effort of the general ONLY!

      Right?

      Napoleon, Hannibal, Peng Dehuai etc etc should be the supermen of the war lah!

      Wakakakaka……

      Delete
    8. a civilian would never understand the principles of leadership, command and responsibility - they're just beyond your ken

      Delete
    9. Wakakakaka……

      So a wordsmith IS not a civilian?

      Then again, what so special about the principles of leadership, chains of command & responsibility?

      A military syiok-sendirism to cover up the incompetency?

      Delete
    10. The military has a saying: Wars are won by its soldiers, conversely wars are lost by its generals.

      If only the corporate world heeds this advice.

      Delete
    11. Another point to add. When Singapore learnt of Thaksin's Kra Canal project, they pumped vast effort and money into Yellow movement which brought him down (and the canal project too).

      Delete
  5. Make no mistake... the RM 60 Billion East Coast Rail is not a good project...and it is repayable in full plus interest by Malaysia.

    Where is the income to repay coming from ? RM 60,000,000,000

    Don't let your hatred of Mahathir turn you into a defender of the Bad.

    And it is not racist anti-Chinese to be against this project.

    ReplyDelete
  6. Wakakakaka……

    Let me paraphrase what's a capitalistic wumao would say:

    "some might like march of the volunteer in rock or reggea version,"

    They just DON'T want to acknowledge their irrelevancy! Tembak kau2, just to syiok their ego lah.

    BTW, wumao = the creature that best obeying play-dead, rollover for pittance reward.

    ReplyDelete
  7. Adendum: ** except for their votes & their money

    ReplyDelete