June 18, 2017
1mdb Scandal–US DOJ acts for Malaysians to recover our money from Najib Razak and his Kleptocrats
June 18, 2017
June 18, 2017
by FMT Reporters
DAP supremo Lim Kit Siang wants the federal cabinet to make the US Department of Justice’s (DoJ) latest court filings related to 1Malaysia Development Bhd (1MDB) a priority agenda in its next meeting.
The Gelang Patah MP said the 36 ministers need to live up to the integrity of the late former Prime Minister Tun Hussein Onn who led the country from 1976 to 1981 and whose son Hishammuddin Hussein is today a part of the cabinet lineup.
Calling the 251-page document in the legal suit “a shocker of shockers”, he said the ministers need to decide how to cleanse and purge Malaysia in light of the allegations made.
He claimed that it revealed not only a “complex web of deceit and treachery in stealing billions of ringgit of 1MDB funds for personal and private use and aggrandisement, but (also) the depths of depravity some Malaysians had been prepared to descend to steal and lavish on themselves billions of ringgit of public funds from the 1MDB scam.”
“I call for a nation-wide people’s campaign for the collective resignation of the cabinet if the 36 ministers cannot do anything at its meeting,” he said, adding that Malaysia needed to be cleared of the “ignominy and infamy” of being regarded as a global kleptocracy.
“Ministers who have not read the updated DoJ’s 251-page kleptocratic action against 1MDB by Wednesday’s cabinet meeting should identify themselves, for clearly they are not fit to be in the cabinet,” he said in a statement today.
The DAP parliamentary leader also asked if there are any “modern-day Hussein Onns” in the current cabinet, referring to the third prime minister who he said had an impeccable personal integrity and abhorrence of corruption.
He added that Hishammuddin, who is the defence minister, was wrong in asserting on Friday that the DoJ filing would divert attention from the government’s larger agenda.
Integrity is Greek to these UMNO Leaders–PM Najib Razak, Minister of Defence Hishamuddin Tun Hussein Onn and Deputy Prime Minister Dr. Zahid Hamidi
“Hishammuddin could not be more wrong, for there can be no bigger agenda in Malaysia than to ensure that democracy in Malaysia does not mutate into a kleptocracy, and the national imperative to uphold integrity in public life,” he said.
Lim claimed that Hussein would have agreed with him.“I have no doubt that if Malaysia had been accused of being a ‘global kleptocracy’ when Hussein was Prime Minister, he would have made it his top agenda to resolve the matter,” he said.
Hussein would also have had no hesitation in tendering his resignation as Prime Minister if he was unable to clear the nation of such “infamy and ignominy”, Lim added.
“Does Hishammuddin agree with me, or am I wrong in attributing such qualities of uncompromising commitment to public integrity to his father, the third Prime Minister of Malaysia?”
He said Malaysians will know soon whether there are any patriotic ministers who are prepared to make a principled stand to quit if the cabinet is unable or unprepared to respond honourably in the matter.
He said no loyal and patriotic Malaysian can read the legal document without “intense shame, consternation and horror.” He claimed that it represented the nation’s greatest shame in its 60-year history since independence.
In its court filing in California on June 5, the DoJ is seeking to seize US$540 million (RM2.3 billion) in assets, including art works, jewellery, a luxury yacht and film rights purchased with funds allegedly embezzled from 1MDB.
The assets named in the applications included the film rights to the two comedies “Dumb and Dumber To” starring Jim Carrey and “Daddy’s Home” featuring Will Ferrell.
The action follows last July’s civil forfeiture suit by the DoJ which sought to recover all the assets including but not limited to the Park Lane Hotel in New York, a luxury hotel in Beverly Hills, condominiums in New York, a private jet and expensive works of art, as well as finances related to Martin Scorsese’s movie “The Wolf of Wall Street” starring Leonardo DiCaprio.
June 18, 2017
by Dean Johns@www.malaysiakini.com
Having tried in recent columns to comprehend why I’ve had so much trouble keeping on writing in my increasingly old age, and thus far postulated that my problem might be either depression or else pressure amounting to panic at approaching my ultimate and literally last deadline, death, I feel a bit dumb to have missed an even more dire and pressing possibility, fear, or even first signs of, dementia.
As I was sadly reminded the other night at dinner with a friend and her beloved 85-year-old husband whose dementia has now progressed so far as to regress him into what’s commonly and all-too-accurately called “second childhood”, this is a terrible situation for families and friends as well as for sufferers.
But thankfully, despite the fact that every memory lapse, “senior moment” or an episode of writer’s block I experience makes me momentarily fear the worst, I’m still capable of convincing myself that I don’t yet have any of the senile varieties of dreaded dementia.
And also still capable of reminding myself of how fortunate I am – and as you apparently are too, considering that you’re sufficiently compus mentis as to subscribe to and read Malaysiakini – to have survived or avoided a good many of the countless juvenile and other dementias that threaten to render every one of us metaphorically if not literally brain-dead at every age and stage of our lives.
Starting from infancy for myself and fellow males with he-mentia, the clearly man-made and culturally if not sexually transmitted delusion that “nature” and even an allegedly omnipotent and of course male “divinity” have privileged our portion of what we presumptuously call “mankind” with some kind superiority over the rest of personkind, especially womankind.
The root-cause of he-mentia, of course, is the fact that, as a fridge magnet that’s popular in Australia proclaims, “every male is born with both a brain and a penis, but only enough blood to operate one of these organs at a time.”
In other words, as smart as at least some of us hetero male members of the species we flatter with the name “Homo sapiens” can be, we’re equally capable of acting like total dickheads.
In fact, far too many of us males are total dickheads all the way through and all of the time, seeing he-mentia not as a pathological condition to be suffered or better still, for the benefit of all concerned, overcome, but as a competitive edge to be celebrated.
Thus the poisonous pre-eminence, at least so far in human history, of the patriarchies, phallocracies or whatever else you choose to call dick-headed dictatorships founded on the he-mented fallacy (phallusy?) that male might is right.
Big dick-headed dictatorships today ranging from ruling regimes in countries like the Communist Party’s China and Putin’s Russia, to their countless small dick-headed counterparts all the way from al-Assad’s Syria through UMNO-BN’s Malaysia to the Zanu-PF’s Zimbabwe.
Then, of course, there are the dick-headed ‘religious’ dictatorships running so-called “theocracies like Iran” as well as most of the world’s so-called “faiths”. And, perhaps most pernicious of all, dick-headed domestic or family dictatorships sustained by verbal, psychological, economic and sundry other forms of abuse or outright violence against women and children.
Thank goodness that in my own case, the state of he-mentia into which I was born was curbed if not cured, first by the example of my father, who was far from he-mented in the way he treats my mother and other females, and later in my teens and twenties by the advent of militant feminism.
Traces of he-mentia remained, however, until I finally received a massive dose of the kind of kill-or-cure shock-treatment meted out by the Gender Studies department at Sydney University, an institution that now, thanks to its growing majority of female students and staff, is gradually turning from patriarchal to matriarchal.
Or, as I might have put it before I got my he-mentia under control or at least learned to politically-correctly keep such sexist and/or genderist remarks to myself, is morphing from an ivory to an ovary tower.
Which to my mind is a significant improvement, because while females are undeniably prone to prementia and other symptoms of what can justly be termed shementia, this syndrome, as evidenced by spectacular lower rates among its sufferers of everything from crimes of all kinds to suicide, is far less destructive than he-mentia.Not that I’m denying that there are serious mentias that seem to afflict people of both or rather all sexes and genders equally.
As appears to be the case with cementia, for example, a condition in which the contents, attitudes, and aptitudes of sufferers’ minds set like concrete, never, ever to be changed; and the closely-related sedimentia in which “beliefs”, opinions and prejudices all settle to the bottom of minds like so much sludge until something occurs to stir them back up.
Certainly I can feel myself sliding dangerously close to cementia, sedimentia or both from time to time, but fortunately know I can almost always achieve relief, or, if you like, rementia, by resorting to a regimen of such tried-and-true remedies as reading, writing and stimulating conversation.
But when even these fail to cure what’s ailing my mind, as they sometimes have recently, I know I can always resume the university course from which I suspended myself two semesters ago when I overdosed on it to the point of what felt like a case of acute if not terminal academentia, and restore my flagging faculties with some shock treatment in the form of lectures, tutorials, and assignments.
Speaking of “terminal” as I did a couple of lines ago, I see that I’m dangerously close to my word limit. So in closing, I’ll confine myself to discussing just one final example of the many dementias and d’ohmentias with which life confronts every one of us sooner or later if not constantly: doughmentia.
He needs to be treated for doughmentia
Love of money may or may not be the root of all evil, and I can’t tell either way from personal experience because most of the money I’ve had and loved I’ve more or less carelessly lost.
Malaysia’s First Lady Rosmah Mansor with the concurrence of Prime Minister Najib Razak wants to silence her civil society critics instead of dealing with her narcissism and character flaws
But to judge from my long observations of Malaysia’s UMNO–BN regime and the antics of its money-mad members, supporters and alleged misleader, Najib Abdul Razak, in attempted denial that they’ve sold themselves, the reputations of the race, religion and royalty they so fraudulently claim to support, and the good name and self-respect of the nation at large in return for greater or lesser shares of the countless billions allegedly misappropriated from the 1Malaysia Development Berhad (1MDB) so-called “wealth fund”, doughmentia seems about as dire as evil gets.
And I heartily hope it will prove as politically, financially and personally deadly to them all as dementia that I and far too many of my fast-ageing fellows around the world fear might be our fate.
June 16, 2017
Latest move to recover money allegedly stolen from Malaysian sovereign wealth fund
by David J Lynch in Washington
The US Department of Justice on Thursday moved to seize an additional $540m in assets purchased with funds stolen from Malaysian sovereign wealth fund 1MDB, including a luxury yacht, a Picasso painting, jewellery and rights to the movie Dumb and Dumber.
The Wolves of 1MDB
The suit, which was filed in federal court in Los Angeles, is the latest move in an ambitious US effort to recover money allegedly siphoned from the fund in a sophisticated operation that ran from 2009 until 2015.
The US now estimates that a total of $4.5bn was pilfered by Malaysian public officials and their associates including Jho Low, a well-connected Malaysian businessman who held no formal role in the project.
Including the new lawsuit and earlier civil forfeiture actions, the US government has moved to recover $1.7bn of that amount, according to Kendall Day, acting deputy assistant attorney-general. This represents the largest such US seizure action under a DoJ initiative aimed at recovering money stolen by corrupt foreign officials.
Mr Day said the latest action was aimed at recovering “proceeds of a massive fraud”.
The scheme involved $1.2bn that 1MDB borrowed from Deutsche Bank in 2014, ostensibly to repay options connected with an earlier bond offering, prosecutors say. Of that borrowing, $850m was stolen to fund the lavish lifestyles of individuals including Mr Low and an official identified only as “Malaysian official 1”, a designation that in previous court filings has matched the biography of Malaysian Prime Minister Najib Razak.
The Prime Minister has denied any wrongdoing, as has Mr Low.
In a statement on Thursday the Malaysian government said it would co-operate with any lawful investigation of the country’s companies or citizens but expressed concern “that again the DoJ has failed to seek such co-operation from the Malaysian government or 1MDB”.
The proceeds from two Deutsche Bank loans also were used to operate a Ponzi scheme designed to show that an earlier 1MDB investment in a joint venture with PetroSaudi International, a private Saudi Arabia-based oil services company, had been profitable.
In reality, none of the fund’s investments, which were to have promoted economic growth and foreign direct investment in Malaysia, paid off, according to Mr Day.
The fund obtained the loans “through material misrepresentations and omissions to Deutsche Bank”, according to the lawsuit. At one point, when bank officials requested documentation verifying key financial details, a 1MDB official replied that the fund had suffered a “server breakdown and all files were lost”, according to court filings.
The fund eventually defaulted on the larger of the two loans.Several 1MDB officials, along with their relatives and associates, used a global network of shell companies and bank accounts in the US, Singapore, Switzerland, and Luxembourg to pull off the heist, prosecutors say.
Mr Day said the investigation is continuing. The Financial Times reported last year that prosecutors are investigating Goldman Sachs’ handling of the proceeds of $6.5bn in bond offerings it conducted for the fund to determine whether it complied with reporting requirements of the Bank Secrecy Act. The bank has not been accused of any wrongdoing.
Among the assets targeted in the civil lawsuit filed on Wednesday was a $261m yacht called “The Equanimity”, which prosecutors said was constructed in 2014 and could hold 25 guests and a crew of 33. The 300 feet long vessel boasted a helicopter pad, a gymnasium, cinema, and plunge pool, prosecutors said.
The US also moved to seize 2.5m shares of Palantir stock, a Madison Avenue condominium, a framed colour poster for the 1927 silent movie Metropolis, and rights to the movie Daddy’s Home, which starred Will Ferrell and Mark Wahlberg.
The lawsuit also targeted several diamonds, including a nearly 12-carat heart-shaped item, and the painting “Nature Morte au Crane de Taureau” by Picasso.
The Picasso was given in January 2014 as a birthday gift to the actor Leo DiCaprio, who starred in the movie The Wolf of Wall Street. The film was produced by Red Granite, which was backed financially by individuals allegedly involved in the scandal, including Riza Aziz, a relative of Mr Najib, and Mr Low.
Through a spokesman, Mr DiCaprio said on Thursday that before the government filed its latest action, he had “initiated return of these items, which were received and accepted by him for the purpose of being included in an annual charity auction to benefit his eponymous foundation”.
The actor also has returned an Oscar originally won by Marlon Brando, which he received as another gift from Red Granite.
The company, which also produced Dumb and Dumber and Daddy’s Home, said it “is actively engaged in discussions with the Justice Department aimed at resolving” the civil litigation.
Last year, the US filed civil forfeiture actions seeking more than $1bn in assets purchased with money allegedly stolen from the 1MDB fund.
The new suit says assets belonging to several individuals or businesses such as Jho Low; Low Taek Szen; JW Hospitality (VHG Intl) Ltd; FFP (Cayman) Ltd; Mubadala Development Company PJSC; Viceroy Hotel Group; and Jynwel Capital Ltd, may be affected by the action.
Additional reporting by Kara Scannell in New York
Follow David J Lynch on Twitter: @davidjlynch
U.S. DEPARTMENT OF JUSTICE CIVIL LAWSUITS:PRIME MINISTER’S PRESS SECRETARY STATEMENT
16 June 2017
1. We note the United States Department of Justice’s (DoJ) latest civil lawsuits brought against various assets. The Malaysian government will fully cooperate with any lawful investigation of Malaysian companies or citizens in accordance with international protocols. So we are concerned that again the DoJ has failed to seek such cooperation from the Malaysian government or 1MDB, the Malaysian company concerned.
2. We are also concerned by the unnecessary and gratuitous naming of certain matters and individuals that are only relevant to domestic political manipulation and interference. This suggests a motivation that goes beyond the objective of seizing assets.
3. There have been numerous and extensive investigations by Malaysian authorities into 1MDB, including by independent and bi-partisan bodies such as the Public Accounts Committee, and no crime was found. 1MDB is still the subject of an investigation by the Royal Malaysia Police. If there is evidence of wrongdoing, Malaysia will not hesitate to take action.
4.Until then, unproven allegations should not be taken as facts. And we take note of DoJ’s own press release, which states that “A civil forfeiture complaint is merely an allegation that money or property was involved in or represents the proceeds of a crime. These allegations are not proven until a court awards judgment in favor of the U.S.”.
5. The judicial process is not served by headline seeking. Malaysia stands firm in its support of transparency and good governance. That includes ensuring that accusations have a basis in fact, rather than smears briefed by political opponents. We are confident that justice will take its course and Malaysia will continue to cooperate with all willing international agencies. As the Prime Minister has always maintained, if any wrongdoing is proven, the law will be enforced without exception.
DATUK SERI TENGKU SARIFFUDDIN, PRESS SECRETARY TO THE PRIME MINISTER
June 15, 2017
QUESTION TIME | With Prime Minister Najib Razak embroiled in a larger number of imponderables right now, GE14 will likely be later rather than sooner even if the opposition is in disarray and making contradictory moves which confound rather than clarify what they stand for.
But wouldn’t the fact that the opposition is so much in a tizzy that it can’t even unequivocally name a prime minister in the event of that unlikely victory let alone key cabinet posts, means that now is the time to strike by calling for elections? That depends on what your chances of victory are and whether they will increase or decrease if you wait.
Under the Federal Constitution, the 13th Parliament will automatically dissolve on June 24, 2018, exactly five years after its first sitting and the 14th general election or GE14 has to be held within two months after that, by Aug 24 next year. That means GE14 has to be called within the next 14 months.
What are BN’s chances if GE14 is held right now? The common wisdom seems to indicate that BN would win, but there are several factors that may weigh against that. First, latest available polls indicate that approval ratings for the government are down.
The GE 14 Winner
Next, one recent poll indicates that Sabah may not be the fixed deposit state that it has been before – and that could perhaps extend now to Sarawak as well following the death of the popular, reform-minded, tough-talking chief minister Adenan Satem.
And, there seem to be some polls indicating that cost of living is an issue and with inflation figures hitting record eight-year highs of 4.5% annually, that is something which will figure heavily in voters’ thoughts.
Meantime, news such as Sarawak Report alleging that jailed opposition leader Anwar Ibrahim’s prosecutor at the Sodomy II trials, Muhammad Shafee Abdullah received RM9.5 million from Najib’s accounts – and lack of denial so far – has added an explosive political element into the heady mix, rekindling a long-smouldering sensitive issue with many voters, especially Malays.
And that’s just one piece of news – others include Malaysia’s newfound closeness to China which may find some traction with local Chinese in terms of votes but which can be opportunistically used to turn Malay votes against BN.
Serious questions are being asked about the massive Forest City development in the Johor Straits and the influx of Chinese citizens on completion and the use of illegal Chinese labour. Concern has been expressed about the massive RM55 billion East Coast Rail Line to be built and financed by China, widely thought to be massively overpriced.
Let’s look at some of these in turn.
Approval rating takes a dive
The only reliable poll that I can locate for a serious downturn in Najib’s approval rating dates back to October 2015 and was done by the reputable Merdeka Center, which does not seem to have carried such polls subsequently. This indicated that the approval rating among Malays for Najib’s government dropped to below 50% for the first time since February 2012.
Singapore’s The Straits Times (ST), citing a survey by Merdeka Center, said only 31 percent of Malay voters was satisfied with the government. The fall among Malay voters was drastic as it had stood at 52% in January 2015. The survey was revealed to analysts in the financial sector, according to ST.
Since then, even more revelations have come up regarding what is still considered as one of the major failures of the Najib administration, 1MDB and the loss of billions, with the US Department of Justice reports mid-last year which substantiated that over US$3.5 billion was stolen from 1MDB, not to mention the China issues.
If anything, the approval rating for Najib may have deteriorated even further. And then there is a poll, this one last month, again by Merdeka Center for Malaysian Insight, which indicated that Sabah may not be a fixed deposit state in GE14. It involved 905 voters, covering all age groups and demographics.
Among the key findings were some 52% of the respondents were dissatisfied with the state government; some 49% of the respondents believed that Malaysia was headed in the wrong direction, with their primary concern being the cost of living and lingering unhappiness over the goods and services tax; some 66% of respondents were unhappy with the economic situation in Sabah; some 56% of those surveyed said they were feeling the economic crunch; nearly 70% of respondents also wanted greater autonomy for Sabah to run its finances and administration. Sabah voters continue to have grave concerns about illegal immigrants and want this issue debated fully in the run-up to GE14.
Meantime, a forum in Singapore earlier this week was told that the cost of living was the number one issue for GE14. The panelists included Ibrahim Suffian, director of Merdeka Center; Ong Keng Yong, Singapore’s Ambassador-at-Large and former High Commissioner to Malaysia; and Selena Ling, head of Treasury Research and Strategy at OCBC Bank.
“Many Malaysians have actually gone beyond the issue (1MDB), and this has been bundled together in what they perceive to be leadership weaknesses,” Ibrahim was quoted as saying.
It is clear why UMNO is moving towards an alliance with PAS, supporting the introduction of much harsher sentences under syariah law and leaning towards Islamic fundamentalism – to bolster Malay support. But at the same time, this very move is going to alienate and even jeopardise the fixed deposit votes from across the South China Sea where they practice a much more liberal form of Islam.
The issue of moving closer to China is a double-edged sword. Chinese Malaysian voter support could increase from this, especially since the Chinese Ambassador has been moving closely with politicians in some of the constituencies that MCA and Umno contest in, implicitly and explicitly supporting the ruling party.
But Malay voter support may reduce if the opposition, especially with people like former Prime Minister Dr Mahathir Mohamad in their ranks, can use this to highlight the unnatural closeness with China which even permits open interference by Chinese diplomats in Malaysia’s internal affairs.
Meantime, the Indian vote has been courted with the Malaysian Indian Blueprint but scepticism remains over this document whose success will depend on implementation. The track record here is sorely lacking.
The maltreatment of Indians at the Police lockups, lack of sympathy for their economic plight, and lack of recognition for their contributions amongst others are not factors that will turn them significantly towards BN in GE14.
While expectations are of a BN victory, the situation is not quite so clear when you put it down on paper which is what Najib’s advisers and strategists would have done. That explains why UMNO is embracing Islamist PAS, hugging agnostic China and unveiled a blueprint for Indian advancement. But indications are that it is not working – yet.
Just as the opposition needs time, perhaps BN and UMNO need it even more. And they are hoping that some future confluence of events will be more favourable. If there is an unlikely window of opportunity, they will take it. Will BN’s chances be better if elections are delayed? Perhaps but it is not likely to be much worse.
Even if there is a significant chance of losing, although small, why take it now when you have 14 months to go? Lots of deals can be done in that time, the opportunity for patronage and corruption is tremendous, and there is more time to cover the obvious holes so they remain out of sight.
Najib can still set his sights on winning after the 14 remaining months in power. Unlike British Premier Theresa May, he knows it is better to be safe and in power now instead of sorry by rushing into an election and potentially losing it. Voter behaviour can be rather unpredictable.
Watch for GE14 not earlier than the middle of next year. Still not convinced? Okay, note that GE12 was held on March 8, 2008. Abdullah Ahmad Badawi stepped down after the polls reversal for BN and Najib became Prime Minister in 2009.
From 2011, there were intense speculations of an early election but GE13 was eventually only held on May 5, 2013, five years and two months after GE12 – full term in other words. Najib will do the same again, unless there is an unlikely massive voter shift towards BN because he knows how to be safe rather than sorry.
P GUNASEGARAM is waiting for the next big shift in voting patterns after GE12 when the opposition took five states in Peninsular Malaysia – it may be sooner than you think. E-mail: firstname.lastname@example.org.
June 15, 2017
by FMT Reporters
ST Global Forum discussion on next general election concludes 1MDB, billion-dollar deals with China will have no impact on how the majority vote.
PETALING JAYA: Barisan Nasional (BN) will continue its hold on Putrajaya by winning the next general election (GE14), as the status quo in Sabah and Sarawak and support from Malays in Peninsular Malaysia will remain, The Straits Times (ST) reported.
This was the conclusion drawn from an ST Global Forum panel discussion held in Singapore yesterday. The forum was entitled Malaysia’s Next GE: The Perils And Prospects.
“I don’t think that it will be worse than what Prime Minister Najib Razak or the BN obtained in 2013. For the Malay voters, I think they will stick with what they know,” said Ong Keng Yong, who is Ambassador-at-Large at Singapore’s Ministry of Foreign affairs, Former High Commissioner to Malaysia and Secretary-General of ASEAN.
Another speaker at the forum, Merdeka Center director Ibrahim Suffian concurred, saying that even though Najib’s popularity remains low, BN remains the most trusted brand among Malay voters.
According to the Singapore daily, the rationale proffered by the speakers, which also included OCBC Bank Treasury Research and Strategy head Selena Ling, was that all the billion-dollar scandals and headline-grabbing deals with China would not have an impact on the vast majority of voters.
Describing the issues surrounding 1MDB as “approaching historical status”, Ibrahim said many Malaysians have gone beyond the issue. “1MDB has now been bundled as just being part of what is perceived as leadership weaknesses,” he was quoted as saying.
Ambassador Ong believes the cases that have emerged over allegations linked to 1MDB in other countries, including Singapore, the United States and Switzerland, has only affected Kuala Lumpur’s standing from an international standpoint, but it “has not greatly harmed Najib or UMNO” in the homefront.
Meanwhile, Ling told the forum that Malaysia’s economic data was healthy, but that too would be of minimal consequence.“When it comes to elections, people are going to vote on bread-and-butter issues. It is not going to be because growth is 5% or less than 5%,” she said, according to ST.
The panelists all agreed that Najib’s biggest challenge will be overcoming the growing unrest over the cost of living, with the GST and lower value of the ringgit having an impact on the price of goods.
The reality on the ground remains harsh according to Ibrahim who spoke about the struggles of Malaysians, both young and old.“Young people are worried about finding a good job, married couples are concerned about whether they can afford a home and whether they can get a pay rise, while most retirees do not have sufficient savings to tide them over,” he was quoted as saying by ST.
The speculation over when Najib will call for GE14 is mixed with some predicting it will be held in the last quarter of this year, or early next year. However, the Prime Minister has until next June to decide when he wants to dissolve Parliament.
The Federal Constitution states that a general election needs to be called when Parliament is dissolved or it reaches a maximum term of five years. The current Parliament kicked off its term on June 24, 2013, therefore Parliament will automatically be dissolved as of June 24, 2018.
As a general election needs to be called no later than two months after Parliament is dissolved, therefore, the last possible date for the next general election (GE14) will be August 24, 2018.