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  RM100bil rise in Putrajaya’s debt within a year worrying, says PAC
Posted by: superadmin - 10 hours ago - Forum: Business. Economy and Investment - No Replies

[Image: 02-PERDANA-PUTRA-PUTRAJAYA.jpg]

PETALING JAYA: The Public Accounts Committee (PAC) has expressed concern over the RM100 billion increase in the federal government’s debt in a span of a year.

PAC chairman Wong Kah Woh said the Auditor-General’s Report released today stated that Putrajaya’s debt stood at RM979.814 billion last year compared with RM879.56 billion in 2020.

In a statement, he pointed out that this meant that the ratio of the federal government’s debt to the gross domestic product (GDP) was now at 63.4%.
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According to Wong, the increase in federal debt had caused the government’s overall liability in 2021 to be at RM1.3 trillion, or 84% of GDP.

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  De-Dollarization Begins – China Stockpiling Gold & Offers Discount To India Businesse
Posted by: superadmin - Yesterday, 04:23 PM - Forum: Business, Economy and Investment - No Replies

[Image: US-Dollar-and-China-Yuan-Head-Figure.jpg]

Beijing knew it could not make “Yuan” (Renminbi) an internationalized currency overnight, nor could it replace the U.S. dollar’s dominance in the global system with the Chinese currency. China has US$3.0549 trillion in foreign exchange reserves (end of August) – the largest in the world. About a third – US$1 trillion – of its foreign reserves are in U.S. Treasuries.

China is the second-largest foreign holder of US government debt, after Japan. However, Treasury department data showed that the Chinese government has slashed holdings of U.S. Treasuries for a seventh consecutive month in June. China’s stash of U.S. debt dropped to US$967.8 billion in June, the lowest since May 2010 when it held US$843.7 billion.
 
Interestingly, last week, China’s central bank – People’s Bank of China – has asked major state-run banks to get prepared to sell dollars and stock up yuan. On paper, it appears to be efforts to arrest Yuan’s depreciation against the greenback. After all, the Chinese currency has lost close to 12% against the dollar so far this year, thanks to aggressive interest rate hikes by the U.S. Federal Reserve.

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  SSD Lifespan: How Long do SSDs Really Last?
Posted by: superadmin - Yesterday, 04:12 PM - Forum: Computer Hardware - No Replies

[Image: img_600x600_padlockssd.jpg?sfvrsn=c8b9cc2f_9]

Until a couple of years ago, many IT administrators and managers were concerned about the risk of losing valuable data because of a sudden failure. That’s why it took manufacturers a long time to convince the public that SSDs are safe to use, even when handling sensitive data.

A NAND Flash chip based SSD is a totally different storage media than the traditional hard disk drive which saves its data on a magnetic plate. It consists of an electronic controller and several storage chips. A hybrid drive – also called SSHD – consists of both storage technologies: A normal magnetic hard disk drive as well as storage chips.

What are the benefits of SSDs?

The main benefit of electronic chips for storage is that they are much faster than HDD with a spindle inside. That is due to the fact that a normal HDD consists of many mechanical parts and rotating discs. Also, the re-positioning of the read/write head takes much more time than just pushing data through electronic interfaces. Additionally, SSDs have a very short access time, which makes them perfect for being used in environments where real time access and transfer is a necessity.

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  Get rid of unnecessary subjects in varsities, says Syed Saddiq
Posted by: superadmin - Yesterday, 08:38 AM - Forum: Educations - No Replies

[Image: 04-SYED-SADDIQ.jpg]


PETALING JAYA: It is time to revamp Malaysia’s education system by getting rid of unnecessary subjects in public universities as students here are falling behind those in other countries, says Syed Saddiq Syed Abdul Rahman.

The Muda president said it was worrying that education output in Malaysia was low despite Putrajaya spending relatively more on this sector in terms of gross domestic product compared to developed countries such as Singapore and Japan.

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  Cabinet agrees to free flow system to reduce congestion at tolls
Posted by: superadmin - Yesterday, 08:33 AM - Forum: Local News - No Replies

[Image: Plaza-tol-bernama.jpg]


KUALA LUMPUR: The Cabinet has agreed in principle to create a multi-lane free flow (MLFF) toll collection system for highways in Malaysia, says works minister Fadillah Yusof.

Fadillah said through this initiative, toll bars or boom gates would no longer be used and this would reduce congestion at toll plazas.

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  WHO BLEW UP NORD STREAM PIPELINE?
Posted by: superadmin - Yesterday, 07:46 AM - Forum: Politics - No Replies

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  On men and matters, let us grow up
Posted by: superadmin - 10-05-2022, 09:27 AM - Forum: Politics - No Replies

[Image: 06-ZAID-IBRAHIM.jpg]

From Ganesh Sahathevan

I refer to Zaid Ibrahim’s proposal for the suspension of matters involving politicians.

Ronald Reagan once said that politics is the second-oldest profession but he wondered if it was beginning to resemble the first. However, if the proposal of the former law minister Zaid is adopted, only politicians will have criminal charges suspended until a new attorney-general is appointed. Members of the oldest profession, and all others, will not be accorded that privilege.

Why politicians ought to be accorded that privilege is unclear, and one assumes that Zaid’s proposal is motivated by the perception that the current attorney-general Idrus Harun and his predecessor Tommy Thomas are tainted by political motives, and that as a result, all and any prosecutions commenced against politicians would be unjust. To paraphrase Zaid, they are likely to be denied their constitutional rights to a fair trial.

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  Who Sabotaged Nord Stream Gas Pipelines?
Posted by: superadmin - 10-05-2022, 07:31 AM - Forum: Politics - No Replies

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  Penang Umno to lodge MACC report over recipients of 1MDB funds
Posted by: superadmin - 10-05-2022, 07:28 AM - Forum: Stop Corruptions - No Replies

[Image: umno-penang-1mdb-041022.jpg]

KUALA LUMPUR: Penang Umno will lodge a report with the Malaysian Anti-Corruption Commission (MACC) over allegations that some 250 individuals had received over RM700 million in 1MDB monies.

The party’s deputy chief Shaikh Hussein Mydin said the report would be lodged at the anti-graft agency’s headquarters at 11am tomorrow.

“A majority of those who are said to have received the funds have yet to be investigated, nor has any action been taken against them despite the money trail and evidence.

“This is rather one-sided and unfair on the part of the authorities,” he said at the party’s headquarters here.

Hussein also urged the authorities to find out whether anyone with “vested interest” from the Pakatan Harapan state government had interfered in the matter.

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  Bossku’s lil’ bro likens Malaysia in stage four cancer if corruption was a disease
Posted by: superadmin - 10-04-2022, 11:21 AM - Forum: Stop Corruptions - No Replies

[Image: Nazir-Razak-with-Najib.png]

AN age gap of 13 years separates prominent banker Tan Sri Nazir Razak from his ex-premier elder brother Datuk Seri Najib Razak but both siblings are seemingly poles apart with regard to their stance on morality.

This comes after the former CIMB Group chairman described corruption in Malaysia as “having long been endemic” and that it is time for the country to wage war on such menace soonest.

“I think we have no choice but we must start with a war on corruption, and at the core of it is for institutional reforms. Corruption is no doubt Malaysia’s most critical systematic issue,” theedgemarkets.com cited the Bank Pembangunan Malaysia Bhd chairman who spoke at the Malaysian Institute of Certified Public Accountants’ (MICPA) 64th anniversary commemorative lecture entitled “Towards a Better Malaysian Political Economy”.

“If corruption was a disease, it is stage four cancer, that’s where we (Malaysia) are.”

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