Ganesh Sahathevan

Malaysia's reserves of Gold ,Foreign Exchange and Other Reserves including SDR as at 29 June 2007 stood at MYR 339,774,970,225. 67.4% of this amount was financed by deposits from financial institutions which totalled RM 229,099,593,853. It was a similar asset-liability position that left Malaysia and the Ringgit vulnerable to speculative attacks in 1997. As then finance minister, " Dr" Anwar Ibrahim was responsible for financing Malaysia's foreign reserves almost entirely out of statutory deposits -- placed at no interest by financial institutions -- at the Central Bank. (for full story by Sahathevan see http://findarticles.com/p/articles/mi_m0BJT/is_24_6/ai_55143627 ) To illustrate: At 30 June 1997 , Gold and Foreign Exchange and Other Reserves including SDR totalled RM 70,705,200,558 ; while deposits from financial institutions totalled RM 61,771,338,858; or 87.3% of the reserves. However, by 31 December 1998, after Mahathir removed and replaced "Dr"...

Tony Fernandes , as reported on 18 June 2011: "Tun Dr Mahathir is the father of modern Malaysia and he has been one of Malaysia's greatest visionary leaders. He gave me, Datuk Kamarudin Meranun, Datuk Aziz Bakar and Datuk Pahamin Rejab the chance to start AirAsia. "To hear him say such great things about us, I've to say that it's one of my and AirAsia staff proudest days," said AirAsia group chief executive officer Tan Sri Tony Fernandes. (http://thestar.com.my/news/story.asp?file=/2011/6/18/nation/20110618193048&sec=nation) And now , my post from 2007: Air Asia Bhd ( or the Company) is the first and at present only LCC in Malaysia. It was also the first LCC in southeast asia. The Company’s life as an airline may be described as being in two phases, first as a Malaysian Government owned national carrier, and then in its present incarnation, as a LCC. AirAsia as a full service carrier Air Asia Bhd began life in 1993 as a subsidiary of the Malaysian G...

Focus Equity Sdn. Bhd., majority owned by entrepreneur Joseph Vijay Kumar, and Vincent Tan Chee Yioun, of Malaysia's diversified Berjaya Group, plan to form a joint venture with Dutch security printer Royal Joh. Enschede to build a 580 million ringgit, or about $150 million, security-printing plant outside Kuala Lumpur. (Source:Malaysian Firm Plans Security-Printing Venture,By Leslie Lopez 29 June 2005, The Asian Wall Street Journal ) PRESS STATEMENT-Anwar Ibrahim I received information regarding the contract for money printing that has once again raised serious questions regarding the Prime Minister's commitment to fight corruption in Malaysia. A new company, Focus, has been awarded the contract to print Malaysian currency through a RM 600 million loan by Bank Pembangunan . This development raises many questions: Was this decision agreed upon by Bank Negara Malaysia? Can this new company guarantee the integrity of our currency in local and international markets?I am concerned...