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Chinese President Hu Jintao has different ways of observing the anniversary of diplomatic links with two rival states across the straits. Challenging the feel-good media hype in Malaysia over the 35th anniversary of diplomatic links, China chose to contrast President Hu's Tuesday visit to Kuala Lumpur with a significant economic agenda. Whereas, in observing the 20th anniversary of official links with Singapore, Hu said China would loan a pair of pandas to the host of the APEC meeting this year. While mainstream media had positioned Hu's visit as a reenactment of the establishment of diplomatic ties in 1974 by the late prime minister Abdul Razak Hussein, father of Malaysia's current premier, China wrapped huge packages of government-to-government (G2G) business deals within a whirlwind stop-over, making Malaysia ever more dependent on the Chinese yuan. Hu left for the Asia Pacific Economic Cooperation (APEC) meeting in Singapore after a 20-hour stay in Malaysia. By employing the same strategy it successfully tested in Africa, that is gaining access to resource supplies in host countries in return for yuan-denominated aid for infrastructure, China will now bankroll transport and utility infrastructure projects in return for Malaysian palm oil and timber. According to the memorandums of understanding (MoUs) signed by the two countries in conjunction with Hu's visit, China is to officially finance projects in the railway, bridge, water and energy sectors.The official speak for the deals is "strategic cooperations in all fields." As the icing on the cake, Malaysia gave a second banking licence to the Industrial and Commercial Bank of China (ICBC) to expand its network in Malaysia. Banking is a hugely regulated industry in Malaysia and there have been protracted restrictions on the issuance of such licences, especially to foreign banks. The other Chinese bank operating in Malaysia is the Bank of China (BoC). Commenting on the signing of the MoUs, Godrej International Ltd director Dorab Mistry said China being the world’s largest edible oil importer would continue With an economy growing at least 6 percent annually since 1997, per capita consumption in China is expected to grow between 3 and 4 percent, and that requires the country to secure a continuous supply of natural resources to sustain its economy, Mistry added. Over the years, booming bilateral trade has made China the second-largest market for Malaysia’s exports valued at RM46.8 billion (US$13.8 billion). On the other hand, Malaysia has now become China’s largest trading partner among Asean countries at US$53 billion (RM179.67 billion) last year. Deals signed Of the deals signed Tuesday, China will be involved in two infrastructure projects in the state of Penang, a state Hu visited in 2002 when he was China's deputy president. For the second bridge linking Penang and the mainland, the credit agreement was signed by the Export-Import Bank of China, a state export credit agency, and Jambatan Kedua Sdn Bhd, which is assigned for the building of the superstructure for the bridge. The deal was inked in the form of a Preferential Buyer’s Credit loan agreement. China Harbour Engineering Co (CHEC) and UEM Builders Bhd are the main contractors for the Penang Second Bridge, which is now delayed. The Chinese government is providing a US$800 million loan for the project. Besides, Global Rail Sdn Bhd, a Chinese company, has been awarded a contract to co-develop a RM28 billion (US$8.2 billion) double-track railway that will link Johor Bahru, Malaysia's southern exit to Singapore, to Gemas in the centrally-located state of Negeri Sembilan. In addition, Malaysia will engage Chinese companies, whose names were not announced, for the construction of a pulp and paper mill and aluminum smelter in the East-Malaysian state of Sarawak. Another MoU signed was for China's Beijing Enterprise Water Group Ltd. to partner Malaysian on improving the country’s sewerage services. On the financial sector, Bank Negara Malaysia signed a MoU with the China Banking Regulatory Commission on banking supervision cooperation in the area of financial regulatory initiatives between the two nations. This is seen as setting the rules of engagement to facilitate more inflow of yuan aid into Malaysia.
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its normal lah brother, even you have yet to give us audited details of how you've spent the moolahs from your 'Jeff Ooi for Malaysia MP campaign'
I stumble upon your site and what i say is wow... I did mention a situation in Malaysia in my blog. Come visit ya :)
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good job...
happy new year. please visit http://lanunth.blogspot.com to know what's brewing in Tabung Haji.
"By employing the same strategy it successfully tested in Africa, that is gaining access to resource supplies in host countries in return for yuan-denominated aid for infrastructure, China will now bankroll transport and utility infrastructure projects in return for Malaysian palm oil and timber." ...Malaysia is placed in the same paragraph with Africa...wow! we have indeed progress...heh..heh..heh..
Hai.Very good blog,im very enjoy this blog.Tapi kalau ingin mengetahu sesuatu info yang misteri n pelik,jom singgah blog sye ni plak di http://janganpandangdepan.blogspot.com ,ok bye...,,
Hopefully this will tide the economic slowdown of 2010 with rising inflation - just my 2sen
China will now bankroll transport and utility infrastructure projects in return for Malaysian palm oil and timber.Ed Hardy UGG Boots
Wake up Jeff!! sudah lama u tido!!
I think the reason Jeff cannot blog anymore is because his best friend Rocky Bru has turned 180 degrees on him and should he continue blogging, his posts would be lame duck posts
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china cheat us wheb they sell their locomotive to KTM, they give us rm2 shop goods.. i hope we never let them do it again
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Hallo Malaysia.. =D http://as-syazuli.blogspot.com/
what ever As-syazuli
Well,this is one of many information about financial who ever i read
i am an ordinary Internet users, I want my internet experience to reflect. I only, and Xinhua Xinhua on forums, sometimes Gentie to make one comment, but this experience has brought me is a three-year disaster. Xinhuanet bamboo version of the forum, there are Computer hackers, long-term invasion of my computer, causing me a lot of losses, the use of QQ numbers join chat with my daughter's college students established contacts and keeping and feeding, the original hacker who we do not know when that girl had made for my daughter a lot of rumors of personal attacks, and have the background to show off to have a skill, and we know that this is the forum Banjul Xinhua. The powerful people through the back door so that girls receive shelter, my daughter for three years by the isolation, and in academic achievement, we are also aware of the report served only in schools and girls in front of us in a weak background, but resignation submit to humiliation. In addition, I have encountered the work of a computer monitor, I realized that there is no way these unlawful acts. I first discovered the work of seven months, data loss, followed by the business all the way down, the company reduced its staff by three quarters, I also will be laid off. It was an information technology company, is a software outsourcing to Japan and design drawings, all products are sent through the network in Japan, the results of the company found that information disclosure, among the only in-house technical staff to sign confidentiality agreements. I was just general management staff, non-technical, Xin-ming has furnished no evidence, can not afford the responsibility Buganshengzhang. That is a big economic benefits, estimated that at least 40 million. I have spare time to work part-time online reporting passwords by their modified, I formally work in charge of local government websites are required to fill out a declaration form for the first time landing the next day after taking approval, the network services are shared numbness of the limbs, I realized that reason is on where the landing site for the first time that I must have a share of paralysis Caixing. They upset my computer IE will be black, sometimes black my home district servers. My home computers have been made to do long-systems, some part-time job to lose. Xinhua Banjul use is a national network platform, very forces it? Our family computer does not have thick, our family of telephone communications is not dense, and later found that our private chat room at home did not dense, we have a private chat at home can be interspersed in the network some of the articles, poems were. And I contacted the phone, can within a few days or a relative's name, or names, the article can be a network or domain names to see, my mother in the off-site fixed-line telephone several times in the telecommunications server fault interruption, until the my mother's death the week before, phone was black, I have contact with the family being the final cut. And they also recognize the wealth from the cat and mouse confrontation between the shore, but the petition is of no use. In my own computer to write things that you can communicate with them, they would online articles or pictures a very timely response to my content. They say hunting is now the Magnolia paddock, I want fair and necessary to protect a fair capacity, I'd be offended VIP Wai rape. At present my daughter to college, I lost my job ten months, and I do not know how long it can hold. We are a single parent family, his daughter by my independent support, they made an old woman picking up pictures, said that while it had been brilliant, but this is the result, suggesting that my future destiny. My daughter is to be completed the end of class-based operations, the result is black redo the computer system every day. During this period, that of girls and online echoed intimidate us, disappearances, life insurance, etc., online postings made firearms. A recent threat to our personal action, I took my 80-year-old father and 2-year-old daughter back home to do the anniversary of his death, his mother, had been tracking, is the marshals to take us off by taxi, we see that two Beijing license, vehicle and sped away. Recently there have been models of luxury sedans and cars (not commensurate with the strength and the environment) stopped at my house downstairs, and this is echoed in online threats. Online crime is a high-tech crimes, because the burden of proof is difficult, so we have no way to report, and now feel that life is threatened, we have to do so. Posted on the Internet, I appeal to cry, saying that cat and mouse confrontation hope Premier Wen's attention, but they hold the public resources, I would have been deleted in the posting (and letters to my ID). They want my daughter can not graduate from college, let me live no way out of unemployment, tell me letters and visits in Beijing that no one tube, was imprisoned in the concentration of petitioners accepted the guest house of a woman being raped, and the petition will eventually drop into their hands, and they have now been protected. I would say that they are two-faced, online maltreatment and corruption, and that the most dirty salt. I wish to reflect the situation can get attention, to reflect to the central. Xinhua is China's largest official website of the Chinese government's image, how can we equip them with the public resources to do whatever they want, Xinhua can not be a criminal offense platform. My response to female students: yes, Shenyang Polytechnic University, College of Automotive Engineering 2006 total of four girls: in pairs, hoping for a breakthrough from her to this crime, corruption, opened the lid. Recently the school that a few girls said they had a bomb, but teachers took action to get the subjects to prevent my daughter graduated from the results, that mistress should test students, the students did not dare to speak with my daughter, if the speaker of the , others will be warned that you do not want to graduate it? Now it has developed into a group of four girls mistresses. This problem I been from 2009 to August 26 the State Department began to reflect the Prevention of Corruption Bureau and the Central Discipline Inspection Commission of this without result. It bluntly, this is a "Xinhua Gate" scandal with ghosting to see how we understood. This is the central of the scandal, my network sealed. Posted because I Yahoo, Yahoo has been notified to the Ministry of Culture illegal websites! Done a lot of dirty things shut people's mouth did not want to accept this people's heart!
The government is drunk with their feak success ,their pleople are suffering.
Maybe this is why ibrahim ali and his Perkosa are so afraid of "pendatangs"? But then , China's Muslims are more than the entire population of Malaysia. Of course we all knew ibrahim ali is NOT interested in safeguarding Muslims.As Muslim can't be racist.
Maybe this is why ibrahim ali and his Perkosa are so afraid of "pendatangs"? But then , China's Muslims are more than the entire population of Malaysia. Of course we all knew ibrahim ali is NOT interested in safeguarding Muslims.As Muslim can't be racist.
haloo.... check this documentary - & spread it to all Malaysians http://www.youtube.com/watch?v=x9zrPH6HMu4
Part time jobs
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mampir pertama Salam kenal saya blogger Indonesia
Nice ti visit here, Nice day visit me back METROLISA
Is it right for the minority to ask the majority to follow what they want? What kinda democracy is that? That is not democracy. More likely it's communist anarchy. Majority rules
Thanks for featuring New Ice Media. Love the blog.
well, i don't say...
bro i just read about villagers at Kampung Assam. Please help them.or at least u can inform it to Mr LGE in case he doesnt know.
Hey peeps! Click on the link below and complete the survey. This is for a friend's thesis for her diploma. It'll be A.W.E.S.O.M.E if you could forward this to all your friends :) http://www.1ka.si/a/2298
"By employing the same strategy it successfully tested in Africa, that is gaining access to resource supplies in host countries in return for yuan-denominated aid for infrastructure, China will now bankroll transport and utility infrastructure projects in return for Malaysian palm oil and timber." Maybe this is why ibrahim ali and his Perkosa are so afraid of "pendatangs"? But then , China's Muslims are more than the entire population of Malaysia. Of course we all knew ibrahim ali is NOT interested in safeguarding Muslims.As Muslim can't be racist.
sungguh menarik 1st time singgah disini banyak info ALAM
http://maharajablogger.blogspot.com/2010/08/menteri-kdn-masih-asyik-hisap-puting.html BACA BLOG DI ATAS KALU BETUL CAM NI MAKA KEMPEN SETIA TOK MAT RAHMAT WAJIB JADI ROH DAN JIWA GTP N 1MALAYSIA DS NAJIB ! August 7, 2010 7:41 AM |
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