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Originally posted by Debmey at 18-3-2004 08:48:
I am only telling yu the truth abt Mahathir. He did create a lot of mess for Abdullah because of his own ego.
If yu do not like your own contracts, try the ICJ.
He did not create a lot of mess for Pak Lah. When Pak Lah take over, they had a meeting between just the two of them and they discuseed something we do not know. If he really did created a lot of mess then Pak Lah would not have respected him so much as to still invite him for government functions, after all, he is not even in the government anymore!!!!! You do not know about Malaysian politics yet you talk as though you are the expert. If Dr. M is not a good leader, not many Malaysians would have praised him, even after he is no longer in power. You are just jealous that under the wings of Dr. M, our PTP port over beats your Singapore port, when Danish MAERSK and Taiwan's Evergreen, two of the worlds largest cargo shiping companies shifted to PTP from SIngapore!!! It is a fact that at that time, Singapore is struggling from its economic woes with high retrenchment and unemployment rate whereas in Malaysia, many are getting jobs and few are being retrench because of any economic difficulties.
Remember this, it is Mahathir who had saved your Singapore butts from the 1997 economic downturn, when after he listen to his advisers, imposed economic control, thus causing fear among those who are responsible for that crisis that other nations would follow in with controls that they stop their acts. It is after the next day Mahathir announce the conrols, which sees shares go up by almost 100 points, non in Malaysian KLSE history has ever seen that type of increase in just one day, and also, Regional economies returning back to normal. He saved Malaysia due to his wisdom and his willingness to listen to his advisers when they are right and reject them when they are wrong. For this, he is a true Malaysian hero. He saved Asia from the turmoil, from suffering further due to the trumoil, for that, he is an Asian hero. If not for him, I think you would not have the $$$ to serve the internet now, of course, unless back then, you migrated to Europe or US. |
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You are just jealous that under the wings of Dr. M, our PTP port over beats your Singapore port, when Danish MAERSK and Taiwan's Evergreen, two of the worlds largest cargo shiping companies shifted to PTP from SIngapore!!! It is a fact that at that time, Singapore is struggling from its economic woes with high retrenchment and unemployment rate whereas in Malaysia, many are getting jobs and few are being retrench because of any economic difficulties.
The truth is, PSA volume has been hitting record highs and some carriers have reverted back to Singapore because the service at PTP is lousy.
Exports have been up for the past 4 months in a row.
We are still much richer and stronger than Msia.
Remember this, it is Mahathir who had saved your Singapore butts from the 1997 economic downturn, when after he listen to his advisers, imposed economic control, thus causing fear among those who are responsible for that crisis that other nations would follow in with controls that they stop their acts. It is after the next day Mahathir announce the conrols, which sees shares go up by almost 100 points, non in Malaysian KLSE history has ever seen that type of increase in just one day, and also, Regional economies returning back to normal. He saved Malaysia due to his wisdom and his willingness to listen to his advisers when they are right and reject them when they are wrong. For this, he is a true Malaysian hero. He saved Asia from the turmoil, from suffering further due to the trumoil, for that, he is an Asian hero. If not for him, I think you would not have the $$$ to serve the internet now, of course, unless back then, you migrated to Europe or US.
This the govt never told you. During the currency crisis in 97, Singapore quietly bought billions of Ringgit and put them in KL banks to support Msia.
We are teh ones who saved Msia.
The real heroes of the currency crisis was Singapore and Taiwan. Singapore wasn't even hit at all and the economy even grew during 97. This exposed the superior eonomic management that Singapore has been following all along and became a lesson for the rest of Asia. |
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Originally posted by Debmey at 18-3-2004 16:35:
The truth is, PSA volume has been hitting record highs and some carriers have reverted back to Singapore because the service at PTP is lousy.
Exports have been up for the past 4 months i ...
Oh yes, I have heard about that. I knew your government did that but that did not help. They bought billions yes but did it help??? NO!!! The situation deterorate. Then there was the clob issue. CLOB was one of the reason we aren't able to trace those bad people. In fact, we found out that we have many RM oustide Malaysia, that is why we made it not legally tender outside. You wait down here on this one. I will post what Dr. Mahahthir said later. I have scanner, you just wait for me to post.
Regarding the PTP. The services was so good that it became the fastest growing port in the world. Just within 2 years, it grew, though still not as good as many but grew by the TEUs of none ever seen in this world. Take note, MAERSK sealand is still with us!!! Evergreen is still with us, just that after your governments request, they have bases in PSA but still their main base is PTP(this not confrim but MAERSK sealand yes). YOu said that our services is lousy???? Hah!!! Are you talking facts boy???? Have you seen the figures???? What is your profession??? YOu working with the government???? PTP did not outbid PSA from the start(now not sure) It did not even outbid Port Kelang what more PSA as it was relatively a new port. HOwever it took many great customers from PSA. Hahahaha. That my friend, its true, its true. |
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It did help, w/o it, the Msian ringgit would have slipped even further.
Fastest grwoing port froma base of zero. Satrt any new port and yu will have teh fastest growing port in teh worldin teh beginning.
Marersk andevergreen are just two out of hundreds of shipping lines all over the world. The volume in Singapore is still more than 100 times of Msia. So don't boast so loud.
If PTP is sop great, why are shipping lines coming back to Singapore inspite of its dirt cheap rates? |
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Originally posted by Debmey at 18-3-2004 17:31:
It did help, w/o it, the Msian ringgit would have slipped even further.
Fastest grwoing port froma base of zero. Satrt any new port and yu will have teh fastest growing port in teh worldin teh b ...
Oh you are wrong, the shipping lines are not going back to Singapore(not confirm). Also all the ports that have started early did not see the growth rate as high as PTP. ALso, just in case you do not know, Maersk and Evergreen are the two LARGEST cargo shipping company in the WORLD!!!! It is the rate they use to count how fast it is growing. How many TEU's. I guess that you have not heard of that have you??? Correct me if I am wrong. I saw the figures. I said it was the fastest growing not the best in the world. However, two of the worlds largest, namely Danish Maersk and Taiwan's Evergreen had establish themselves in PTP. You know what, the truth is you are the one who is being so IGNORANT and STUBORN that you will not accept the fact that others are better than you. You just could not accept that you are wrong! Yoiu had shown too much of your ignorance down here that now I come to cleanse this Cari.com. |
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Freighters such as Tiger Lines from India is coming back to Singapore. Yu mean its not reported in Msian press? I'm not surprised.
Why do you think they abandon PTP even when Singapore is much more expensive? Musts PTP give out shares to everyone for them to use the port? How do you think they can make money like that? Do you think its sustainable? |
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Originally posted by Debmey at 18-3-2004 20:45:
Freighters such as Tiger Lines from India is coming back to Singapore. Yu mean its not reported in Msian press? I'm not surprised.
Why do you think they abandon PTP even when Singapore is much m ...
Hahahaha.... You think they abandon PTP???? Show your proves. |
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Well, if you want to play ignorant, so be it. The lost is yours. |
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PTP
PTP handled 3.5 million TEUs in year 2003, a 31% growth in volumes from 2.66 million TEUs in year 2002. In year 2001, PTP handled 2.05 million TEUs and in year 2000, PTP handled 418,218 TEUs. |
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[quote]
PTP wins high level applause
Fairplay, February 13, 2004
MALAYSIAN prime minister Abdullah Ahmad Badawi has congratulated Port of Tanjung Pelepas for 揾igh volume growth |
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Debmey said
The truth is, PSA volume has been hitting record highs and some carriers have reverted back to Singapore because the service at PTP is lousy.
Exports have been up for the past 4 months in a row.
We are still much richer and stronger than Msia.
[quote]
Maersk happy with PTP
Star Maritime, March 1, 2004
Steen Lund, the new Asia head of Maersk Sealand, says the Danish shipping giant is 搗ery happy |
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Hey Look at this Debmey, BMW is shfting to PTP.
[quote]
BMW Group to relocate its S抪ore centre to PTP
Star Maritime, December 15, 2003
Automotive company BMW Group will be closing down its regional parts distribution centre in Singapore, which had been in operations for eight years, and moving to Johor.
Group senior vice-president (parts and accessories) Christian John von Freyend said this was part of its relocating its operations from the republic of johor.
He said the company抯 new regional distribution centre at the Port of Tanjung Pelepas (PTP) would serve 19 markets within the Asia the Asia Pacific region.
Von Freyend said the parts business had been performing strongly in tandem with sales of new cars, thus the new centre would help to boost sales further.
He said apart from making cars, the group invested heavily in the highest quality of logistics, warehousing and systems to ensure fast and efficient services to its customers worldwide.
BMW Group Malaysia managing director Wolfgang Schlimme said the new facility was the cornerstone of the company抯 expansion and growth strategies in Asia.
揟he group aims to double its sales in Asia within the next five years and the centre here is providing the platform for that increase,攈e said at the ground-breaking ceremony of the centre together with PTP chief executive officer Datuk Mohd Sidik Shaik Osman and von Freyend last week.
The RM36.7mil centre located at the port抯 Free Zone has a built-up of 15,000 sq mt for warehousing, expandable to 18,000 sq mt and will start operations in August 2004.
揅ustomers in the region will be dependent on the centre for smooth delivery of parts and accessories on a daily basis, |
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[quote]
South East Asia抯 fastest growing transhipment hub
Foreign Direct Investment, December 1, 2003
The Port of Tanjung Pelepas has already developed at a phenomenal rate and work is pressing ahead to make sure the growth is sustained.
The Port of Tanjung Pelepas (PTP) is located strategically at the confluence of the world抯 international shipping lanes, which include the Trans-Pacific, Far-East-Europe, Intra Asia, and South East Asia-Australasia lanes.
The port began operations in January 2000 and secured Maersk Sealand as its first main line customers as well as a strategic partner. PTP has since gone from strength to strength and was awarded the 態est Emerging Container Terminal Award |
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Bengal Tiger Lines that was mentioned the the article returned to Singapore even with the dirt cheap prices offered by PTP.
And that was 2 months ago.
cheers |
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Author: Tun Dr. Mahathir
Publisher elanduk Publications ( www.pelanduk.com )
Title: Reflections on Asia
Chapter 7, The Currency Control
Pg42
To make matters worse the foreign investors in the stock market began to dump their shares and to short-sell. They did this through the the Singapore operated Central Limit Order Book (CLOB) which traded without the approval of the Kuala Lumpur Stock Exchange (KLSE) or the Malaysian government........... Through CLOB the composite index of the KLSE went down from 1200 to 260 points.............................
....................
To devalue the Ringgit the traders had to borrow and sell it. Singapore offered high interest rates so as to lure the Ringgit to Singapore where it was lent to the currency traders. The Malaysian banks found themselves without money to lend. To stop this outflow of the currency the government decreed that if within one month the offshore ringgit in whatever form is not repatriated to Malaysia it will not be allowed to be brought back at all. Effectively this rendered offshore Ringgits worthless after one month.
...................................
We believe that the recovery of other East Asian economies is due to the currency traders stopping their manipulation of the currencies. There are several reasons why they stopped. When Malaysia imposed controls there was a fear that the other countries might do the same if the attacks continued. .........
Freed from.......................
And so the economies of South Korea and Thailand recovered. Even the Indonesia Rupiah strengthened. But Malaysia's recovery is earlier and stronger....................
..........................
The recovery of East Asian economies also owe a lot to the Chinese Governments' decision not to devalue the Yuan. Had the Yuan been freely convertible ............................
That is just some proves got from the book. YOu want to know more, buy the book and read yourself. I do not have the time typing it all out!!! I have showed you who really did saved Asia from the 97 crisis. It is not Singapore... No!!! Singapore only made things worse for Malaysia. Malaysia and her friend China did. That is why Dr. M is so grateful to China that we know keep on wanting to have better ties with the Republic.
[ Last edited by ariyamusafir on 19-3-2004 at 02:47 AM ] |
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I am going to reval to you truths that your govt hid from you.
To make matters worse the foreign investors in the stock market began to dump their shares and to short-sell. They did this through the the Singapore operated Central Limit Order Book (CLOB) which traded without the approval of the Kuala Lumpur Stock Exchange (KLSE) or the Malaysian government........... Through CLOB the composite index of the KLSE went down from 1200 to 260 points.............................
....................
Trnascation records showed that dumping of Msian stocks actually occured at the KLSE and not on CLOB. This is only logical since Singaporeans who were not hit by the currency devaluatiosn actually gave stability to the KLSE during that period.
To devalue the Ringgit the traders had to borrow and sell it. Singapore offered high interest rates so as to lure the Ringgit to Singapore where it was lent to the currency traders. The Malaysian banks found themselves without money to lend. To stop this outflow of the currency the government decreed that if within one month the offshore ringgit in whatever form is not repatriated to Malaysia it will not be allowed to be brought back at all. Effectively this rendered offshore Ringgits worthless after one month.
Shorting of the Ringgit is not a Singapore policy but left to individual banks. It happened in financial centres all over the world, not just Singapore and the Singapore govt have no right to interfere in such activities.
Singapore policy was to shore up the Ringgit by buying billions of Ringgit and depositing them in KL.
Msians are ungrateful.
...................................
We believe that the recovery of other East Asian economies is due to the currency traders stopping their manipulation of the currencies. There are several reasons why they stopped. When Malaysia imposed controls there was a fear that the other countries might do the same if the attacks continued. .........
Not true. Implementation of the currency restrictions by Msia came about only long after the fluctuations were settled when shorting have stopped. Pls don't overate yourselves. Thats the Msian perspective alone.
Freed from.......................
And so the economies of South Korea and Thailand recovered. Even the Indonesia Rupiah strengthened. But Malaysia's recovery is earlier and stronger....................
South Korea and Thailand recovered only when they restructured their economies with IMF aid, it has nothing to do with the currency controls in Msia. On the contrary, more investments were transfered from SE Asia to china and Korea because of their openess as a result. Msia itself experienced and is still hurting from shrinking FDI. Even little high cost Sinagopore gets more FDIs than Msia for teh past few years.
..........................
The recovery of East Asian economies also owe a lot to the Chinese Governments' decision not to devalue the Yuan. Had the Yuan been freely convertible ............................
That is true. A devalued Yuan would have caused a worldwide recession. |
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Oh ya, since you said everything not true, bring proofs to prove your claims, otherwise SHUT UP!!!!! Immediately after Malaysia impose the controls, regional economies started to return to normal. I still remember that day, the day after Dr. M announce the controls, regional borses going back on the right track. Before the controls, Thailand and Korea borrowed from IMF and are forced to follow their policies which not only did not help, but cause things to get worst.
You only know how to say this not true that not true but the truth is the truth and the truth is Regional economis got better due to Malaysia's actions.
the truth is the shortings have not stopped until we started the controls. Everytime Dr. M condemned Soros, index fell, now we can condemn soros all we want and it will not afftect us. So you said at that time shortings have stopped, PROVE IT!!!! PROVE IT JUST LIKE I PROVED MINE!!!!!!
MALAYSIA ungrateful?????? It is Singapore who is being ungrateful!!!
Regarding the CLOB issues, during the 1992 downturn, we had experience and thus in 98 we wanted to control but we have difficulties monitoring the issues. Just in case you do not know, people can buy and short sell their stocks via CLOB (which is illegal) without being notice by KLSE, without KLSE knowing that they had bought those stocks. Thus those bad people, instead of buying via KLSE, they does their attacks through CLOB. I got this info from a head of states book and he was the one who did many great thing to revive the economy.
Shut up and PROVE to me where did you get your stuff, What is your sources??? Also, for everything you say not true, justify it, show figures or sources which support your claim. Otherwise, you are not being honest.
By the way, you said that UN did not sanctioned the NATO hitting Belgrade, I think you are wrong. UN did sanctioned(not confirmed as need further investigation) it. That is why KOSOVO today is under the supervision of the UN!!! |
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Originally posted by Debmey at 19-3-2004 09:19:
I am going to reval to you truths that your govt hid from you.
Trnascation records showed that dumping of Msian stocks actually occured at the KLSE and not on CLOB. This is only logical sinc ...
Oh yes!!! What I said is true. I read it from Dr. Mahathir's book. You see, he is one man I can trust regarding the 97 crisis issue. He had the problem right in his face. He, as a leader of a nation have to tackle and make policies to solve the problem. What about you?????? Where is your sources??? Also, I was with the news too during the crisis. My father watch the stock market via the teletext. I heard how the government does things and I know that everytime when Dr. M criticise George Soros that time, stocks will fall. I saw how Dr. M and his advisers' wisdom save us all from doom. What about you????? Where were you then to justify your statement that Dr. M as was wrong. Were you a leader of a country that fecs the problem?? Do you have all the facts and figures of the entire nation's business and economies in your hands????? Do you have the information about every business dealings and the so back then???? Do you have the knowledge about what is happening back then???? Do you know all the facts and figures?? Do you??? Do you????? He Dr. M have most of it if not all, and if he wishes, all he can have those figures. He is nearest to the international dealings and international relations that he knows also to a certain degree, what is happening in other states. Do you???? If he speaks no truth, then how can our economy revived almost immediately after the controls were imposed when others have criticised it???? How come it worked???? How come that we go against international practices and and tried unconventional ways and it worked??? How come now Singapore is having high unemployment and retrenchment rate (correct me if I am wrong) and Malaysia having plenty of jobs, not enough that we have to hire foreign workers????? Why??? HOw?????? Do you know??????? HOw come we can make a comeback if we were wrong. How come, even GEORGE SOROS, Dr. M condemns him, also he can now acknowledge that we were right to implement the controls??????? Ask yourself boy!! Oh I am sorry, I think you must be of the female sex right???
[ Last edited by ariyamusafir on 19-3-2004 at 04:18 PM ] |
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Oh ya, since you said everything not true, bring proofs to prove your claims, otherwise SHUT UP!!!!! Immediately after Malaysia impose the controls, regional economies started to return to normal. I still remember that day, the day after Dr. M announce the controls, regional borses going back on the right track. Before the controls, Thailand and Korea borrowed from IMF and are forced to follow their policies which not only did not help, but cause things to get worst.
You must be dreaming my fren. It never happened.Korea and Thai recoevred because of the reforms, and they recovered w/o currency restrictions, that why they grew even more than Msia today.
Msia is getting much lower FDIs today compared to pre 97 because of that.
Regarding the CLOB issues, during the 1992 downturn, we had experience and thus in 98 we wanted to control but we have difficulties monitoring the issues. Just in case you do not know, people can buy and short sell their stocks via CLOB (which is illegal) without being notice by KLSE, without KLSE knowing that they had bought those stocks. Thus those bad people, instead of buying via KLSE, they does their attacks through CLOB. I got this info from a head of states book and he was the one who did many great thing to revive the economy.
Dumping of Msian stocks occured in KLSE, not CLOB, CLOB gave stability to Msian stocks as Singaporeans held on to those stocks. These are the things that your govt did not wnat yu to know.
By the way, you said that UN did not sanctioned the NATO hitting Belgrade, I think you are wrong. UN did sanctioned(not confirmed as need further investigation) it. That is why KOSOVO today is under the supervision of the UN!!!
Kosovo is not under UN supervision today, it is still under NATO. |
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Post time 18-3-2004 01:29 PM
