Malaysia Update

WASHINGTON (Reuters) - President Barack Obama may set a one-year deadline to close the controversial U.S. prison at Guantanamo Bay, Cuba, according to an unsigned draft executive order that may bolster the U.S. image abroad.

"The detention facilities at Guantanamo for individuals covered by this order shall be closed as soon as practicable, and no later than one year from the date of this order," the draft said.

RELEASE, PROSECUTE, TRANSFER

About 250 men are still held at the U.S.-run naval base in Cuba. Washington has cleared 50 for release but cannot return them to home countries because of the risk they would be tortured or persecuted there. Around 500 others have been freed or transferred to other governments since 2002.

Edited From The Star 22 Jan 09

KUALA LUMPUR: Bank Negara cut its benchmark interest rate by a record 75 basis points yesterday and also reduced the statutory reserve requirement (SRR) in a move to lower borrowing costs.

The central bank said it had reduced the overnight policy rate (OPR) from 3.25% to 2.5% and reduced the SRR from 3.5% to 2% effective Feb 1.

“With the heightened downside risks to growth, the magnitude of the reductions in the OPR and the SRR are aimed to be pre-emptive in providing a more supportive monetary environment for the domestic economy,” it said in a statement. Other points in the statement included:

> Urgent implementation of policy measures crucial to ensure positive growth.

> Inflation continued to decelerate to 4.4% in December. Deceleration expected to continue with weaker demand and lower imported inflation.

> The Malaysian banking system remains fundamentally sound.

> Focus is to ensure access to credit to all sectors of the economy.

Meanwhile, the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) said the proposed second stimulus package must focus on the manufacturing and construction sectors to avert more retrenchments.

ACCCIM president Tan Sri William Cheng said the stimulus plan must be implemented quickly as the two sectors would be the most affected by the global financial crisis during the first-half of this year.

He also called for a reduction in prices of gas and electricity and a reduction in employers’ contribution to the Employees Provident Fund from 12% to 9%.

Edited from The Star 22 Jan 09

SHAH ALAM: Menteri Besar Tan Sri Abdul Khalid Ibrahim is in trouble over the purchase of 46 cows.

Gerak Malaysia (Civil Movement Against Corruption) claimed that Khalid had bought the cows, worth RM110,400, with state government money. The cows, bought before Hari Raya Aidiladha, were distributed in Khalid's parliamentary seat, Bandar Tun Razak, which is not in Selangor.

The movement yesterday lodged a report with the Malaysian Anti-Corruption Commission.

Gerak Malaysia chairman Mohd Nazree Mohd Yunus said the movement received evidence in the form of an official receipt and invoice from an officer who worked at a state government subsidiary involved in the purchase.

The official receipt and invoice were from Selangor Agricultural Development Corporation (PKPS), which stated Selangor Industrial Corporation Sdn Bhd as the payer in the receipt and invoice, both dated Dec 16.
"The flow of state funds out of the state border for personal advantage is against the principle of accountability preached by the state government."

He said the transaction was also against state finance procedures.

Apart from lodging a report with the Selangor MACC, Gerak Malaysia plans to request an audience with the Sultan of Selangor to ask him to advise Khalid to step down from his position, or take a temporary break, until he is proven innocent.

Edited from NST 22 Jan 09

General Motors has revealed the custom armored Cadillac presidential limousine that Barack Obama will use as a president. That limo called “The Beast” maybe they cant find a suitable name for that limo.

The vehicle includes heavy armor that is reportedly at least 5 inches thick bulletproof glass, run-flat tires, ultra high strength ceramic armor, system fire on board, and a completely sealed interior to ward off a chemical attack, the paper reported. It also has electronic communications equipment. One tech item they are talking about are the LED spotlights that’ll illuminate the fender-mounted flags at night.

So you can imagine how scare to become a Presidents Of The United States. Maybe not...

WASHINGTON (Reuters) - Barack Obama took power as the first black U.S. president on Tuesday and quickly turned the page on the Bush years, urging Americans to rally to end the worst economic crisis in generations and repair the U.S. image abroad.

"Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America," Obama said, addressing an exuberant sea of people in an inaugural speech that was optimistic but realistic about the challenges ahead.

He pledged bold and swift action to bring new life to the U.S. economy and declared to millions watching abroad: "We are ready to lead once more."

Underscoring the tough road ahead, Wall Street ushered in the new presidency with a record Inauguration Day slide amid signs the global banking crisis was far from over.

Hundreds of thousands of people erupted in cheers on Washington's National Mall grounds as they watched Obama stand with one hand raised, one hand on a Bible used to swear in Abraham Lincoln in 1861, and repeat the brief oath to become the 44th U.S. president.

Beaming, the new president kissed his wife, Michelle, and his school-age daughters, Malia and Sasha. Then he turned to the crowds stretching into the distance on a cold, wintry day.

"Obama, Obama," the crowd cheered.

Obama, a Democrat, succeeded Republican George W. Bush, who served two terms and left office having plumbed record lows in approval ratings and leaving a legacy of two wars and an economy in recession.

Obama offered a sharp break from Bush, emphasizing the need for sacrifice and pledging to restore U.S. global standing, responsibly end the war in Iraq, and focus less on the size of government and more on whether it works.

WALKING SOME OF THE WAY

During a triumphant ride down Pennsylvania Avenue to the White House in a heavily armored limousine, Obama and his wife thrilled wildly cheering crowds by getting out of the limo and walking a part of the way on foot.

Security personnel -- part of a contingent that numbered in the thousands -- kept close watch.

Obama has to hit the ground running given the state of the economy and the U.S. Senate confirmed several key Obama appointments, including Steven Chu as energy secretary and Tom Vilsack for agriculture.

The Senate Finance Committee is expected to vote on Timothy Geithner as treasury secretary on Thursday. Hillary Clinton, Obama's fierce rival for the Democratic presidential nomination and his choice as secretary of state, is expected to be approved by the full Senate on Wednesday.

The inauguration of Obama, 47, the son of a black Kenyan father and a white mother from Kansas, was steeped in symbolism for African-Americans, who for generations suffered slavery and then racial segregation that made them second-class citizens.

The jubilant mood was jolted by the collapse of Massachusetts Democratic Senator Edward Kennedy at an inaugural lunch honoring Obama on Capitol Hill. Kennedy, 76, who underwent surgery in June for a brain tumor, appeared to suffer convulsions, a congressional aide said.

Wheeled out on a stretcher, the brother of the late President John F. Kennedy was driven away by an ambulance to a hospital, where he was described as awake and answering questions.

BRACING FOR REALITY

Polls show widespread U.S. public support for Obama and optimism about the coming four years of his presidency. But Obama sought to temper soaring expectations with reality.

The new president cited the worst U.S. economic conditions in 70 years and the Iraq and Afghanistan wars as having put the country in crisis. "What is required of us now is a new era of responsibility," he said.

He said the "badly weakened" U.S. economy will be a top priority as he works with the Democratic-controlled U.S. Congress on an estimated $825 billion economic stimulus package.

The economy had fallen victim to "greed and irresponsibility" and an avoidance of hard choices, Obama said. The economic crisis showed that markets can spin out of control "without a watchful eye," he added, signaling he would put a priority on revamping financial regulations.

Obama will meet his senior economic advisers on Wednesday to discuss the stimulus plan.

Turning to foreign policy and the standing of the United States abroad, Obama vowed the United States would leave Iraq "responsibly" and help Afghanistan win a hard-earned peace.

He did not provide a specific timetable for a U.S. withdrawal from Iraq, but under a U.S.-Iraqi agreement, U.S. troops would depart by the end of 2011. Obama has pledged to increase U.S. troop strength in Afghanistan to turn back a resurgent Taliban.

He was due to meet military commanders on Wednesday to discuss the possibility of accelerating the U.S. troop withdrawal from Iraq, and the need for more forces in Afghanistan.

In a clear reference to harsh U.S. interrogation practices of terrorism suspects that have been widely condemned abroad, Obama vowed a change, saying he rejected as false "the choice between our safety and our ideals."

There has been broad world disapproval of many Bush policies in the U.S. war on terrorism that Bush declared after the Sept. 11 attacks in 2001 that deeply shaped his eight years in office.

After years of tense relations with Muslims, Obama offered conciliatory words to the Islamic community, saying he would seek a "new way forward" based on mutual interest and mutual respect.

But on the issue of terrorism, he said: "You cannot outlast us, and we will defeat you."

Bush, his public approval ratings in the basement as the cheers for Obama resounded around the city, left Washington for his home state of Texas after the inauguration.

11 MILLION UNEMPLOYED

The recession has saddled the country with a $1 trillion deficit and 11 million people unemployed and has become the top concern of the U.S. public. Economic woes helped Obama beat Republican John McCain in the November presidential election.

"I don't care what color he is," said Garrell Winstead, a 67-year-old real estate investor from Cincinnati, Ohio who was in Tuesday's crowd. "If the economy doesn't improve and if he doesn't create enough jobs, patience will evaporate."

Obama gave no specifics about his proposed stimulus package. But he said the plan that would pay for new roads, bridges, electrical grids and other projects would set the foundation for future growth.

He also repeated campaign promises to "restore science to its rightful place" -- the Bush administration was criticized for packing scientific advisory panels with industry representatives and ideologues. He also promised to put technology to work transforming healthcare, and action toward an alternative energy policy.

Edited From The Star 21 Jan 09

PUTRAJAYA: The Umno disciplinary board has yet to submit 900 reports of alleged money politics during the recent Umno divisional and branch meetings to the Malaysian Anti-Corruption Commission.

A member said the board had to be thorough in its probe into the allegations.

"We have our way of conducting investigations and they (the cases) may not need the MACC's attention," he said

Asked if this meant that none of the 900 cases would go before the commission, he declined comment saying that board chairman Tengku Tan Sri Ahmad Rithauddeen would be the right person to speak on the matter.

Tengku Rithauddeen, who is returning from abroad today, is expected to issue a statement on the matter.
The board member's statement comes in the wake of party leaders urging the party to address alleged cases of graft before elections in March so that those implicated could be stopped from contesting party positions.

Last month, Tengku Rithauddeen issued a six-page document to the media containing the dates of meetings of the investigation panel, tribunal and appeals panel.

He had added that the documentary evidence was proof that the board had not delayed investigations.

Tengku Rithauddeen had said that the investigations panel met 39 times to look into cases involving 39 divisions while the tribunal met 10 times to hear cases involving 25 divisions.

Edited From NST 21 Jan 09