Wednesday, June 27, 2018

Finance Minister?

For the last several weeks I have been wondering what's the difference between a Finance Minister and an Economics Minister?

Economics and financial studies overlap and influence each other. For example, economics study helps us understand how changes in national income, inflation, economic growth, and interest rates impact the markets and stocks, and also how changes in monetary policy by Bank Negara can impact the economy.

Aren't these the job of the Finance Minister? Or, should they be those of the new Economics Minister?

Thus why have two ministers looking after the same area?

Mahathir might have appointed Lim Guan Eng the Finance Minister but to date, the power to make financial and economic policies have been assumed by the Council of Elders which derived its unconstitutional powers from Mahathir.

Then, is the Finance Ministry (Lim Guan Eng as its so-called head) still in charge of the most important GLCs and agencies such as PETRONAS, Pemodalan Nasional Berhad (PNB), FELDA, Tabung Haji, PNB, Khazanah Nasional, Employees Provident Fund (EPF) and Kumpulan Wang Amanah Pencen (KWAP)? 

Or have the above GLCs, previously under the control of the Finance Minister, been taken out and put under Azmin Ali’s Economic Ministry?

Think first lah - I am a pribumi; is Guan Eng? 

Does the Finance Minister even know that Mahathir is contemplating currency changes, which he has announced to the world? Guan Eng is a dunggu if he doesn't.

I wonder what the Finance Minister does apart from obeying Mahathir's instructions to expose Najib's alleged sins, crimes and etc?

Maybe Guan Eng is just a book-keeper who scours the files for Najib's financial misdeeds so as to expose them as per Mahathir's orders?

Little Boy Blue, come blow your horn,
The sheep's in the meadow, the cow's in the corn.
But where is the boy, who looks after the sheep?
He's under a haystack, he's fast asleep.
Will you wake him? No, not I,
For if I do, he's sure to cry.

for Nga Kor Ming


  1. though i tend to ridicule lge but i think he really need more time to learn n get accustomed to tis new rule, not really a bad thing to let the elders to lead.

    to share/divide the duty n task for both new minister ie finance n econ oso look reasonable to me.

  2. Yes, Minister! Starring Tun Dr Mahathir as Nigel Hawthorne.

  3. A clue is where Azmin sits. Probably not in MoF because you can't have two tigers on one mountain.

    If he sits in PMO then Azmin functions like the Finance Minister II, since PM cannot be Finance Minister (sob sob). Buy he will be given camouflage like "in charge of EPU", in charge of those wooly 5-year plans etc.

    Very sly of the Old Man, but LGE is no Forrest Gump. In the first 50 days he has been on the front pages almost daily, with revelations and exposes. Good or bad doesn't matter. He is seen making things happen. Taking the limelight. Important Man to the New Malaysia. Nothing yet from Azmin. Will he do something soon? Better buck up.

    1. The adage "There's no such thing as bad publicity even if you make a fool of yourself" rings true, yes?

  4. ..."just a book-keeper who scours the files.." or are the Elders there to check and destroy incriminating files?

  5. The United States also has a Treasury Secretary and a Commerce Secretary.

    One sets Monetary Policy, the other sets Domestic and International Trade and MacroEconomic Policy

    There are obvious areas where they need work together, but there is no need to make an issue about territory, unless there is a deliberate attempt at Batu Api....which is clearly the case here.

    The Council of Elders works as a Task Force appointed by the Prime Minister. It is both powerful and powerless, because it has no authority of its own.

    It is meant to be dissolved. I will start attacking it if it hangs around.

    1. 100 days is its promised life!

      Tunggu lah.


    Market value of Items seized from Najis home raids could be RM 1,000,000,000...

    Eat your heart out...the Medellin Drug Cartel has lost out to Malaysia's Najis for the Record of the largest amount of loot found in one place.

    Are you sure its legal ?

    1. Try raiding LGE's swimming pool-less banglo, you'd probably faint at how much more he keeps there.

    2. The Medellin Drug Cartel definitely WON'T be that stupid - keeping all these money in cash, flink2 objects, bags & watches!

      They keep the profit in bitcoin!

      These source of wealth ALSO tells who worn the pant in the jibby household.

      Tsk… tsk… henpicked front man who gets his sycophants wet in the pant every time he said something about 1MDB.

      Wakakakaka… when us he going to put the blame on the hippo?

      Perhaps, when the guruji's black magic runs out of power.

  7. Mr and Mrs MO1 indisputably put Imelda Marcos to shame ! The latter by comparison is almost shabby with her mere 1220 pair of shoes. The list of loot as outlined by CCID director Amar Singh has revealed 14 tiaras among the 12,000 pieces of jewellery. Hehe...maybe our ex FLOM had dreams of being the First Empress of Malaysia ? It gave meat to this headline : Luxury-loving Rosmah, much smarter than Najib, was the driving force behind 1MDB scandal....she had wanted to marry into Brunei Sultan's family !

    "People close to her believe Rosmah's desire for wealth was sparked when she was exposed to inordinate wealth growing up on the palace grounds of a sultan, despite her parents being middle-class school teachers."