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Friday, September 12, 2008

16/09 Tak Jadi?...So When?

  
12-09-2008: Anwar: Sept 16 deadline can’tbe met 
by Pauline Puah 
Email us your feedback at fd@bizedge.com 


KUALA LUMPUR: The Pakatan Rakyat (PR) will not be able to form the federal government on Sept 16, the coalition’s leaders’ council conceded yesterday. However, PR leader Datuk Seri Anwar Ibrahim said the coalition’s credibility would not be damaged by its failure to meet its self-declared deadline. 

“No. It would not be tarnished. Why should it be tarnished?” Anwar said in reply to a question after the PR leaders’ council met yesterday afternoon to discuss its plan of taking control of the government next Tuesday. The council revealed the situation in a statement after the meeting. 

“If I say today I want to change the government, and suddenly they (Barisan Nasional) bring 50 MPs out (of the country), this would tarnish the image of people who take these people out,” he said when met at the Parti Keadilan Rakyat (PKR) headquarters. 

He denied that this was an excuse to let the PR off from its promise because it did not have a sufficient number of MPs who would cross over to the opposition coalition. 

“This is what they (PR’s opponents) said. Time will tell. I am confident. They never agreed with us that we would ever win Penang, Selangor and Permatang Pauh with such a majority. People decide,” a confident-sounding Anwar replied. 

Since the shock result of the March 8 general election, Anwar had been repeatedly saying that the opposition front had enough BN MPs who were ready to defect. He had set Sept 16, which is Malaysia Day, to form a new federal government. 

The PR leaders’ council said in its statement that the setback to its plans was because some BN MPs were away in Taiwan. 

However, the coalition was optimistic that the process of forming a new government based on the “reformasi” agenda was proceeding smoothly and that the BN government would be replaced in the “nearest possible time”. 

It reiterated that it would get the number of MPs to form a majority in parliament and pave the way for a new government although the actual date would be delayed until after Malaysia Day. 

The statement was jointly signed by Parti Keadilan Rakyat’s (PKR) secretary-general Datuk Salehuddin Hashim, DAP’s political education director Loke Siew Fook, and PAS secretary-general Datuk Kamarudin Jaffar. 

On Monday and Tuesday, 49 BN backbenchers departed to Taiwan ostensibly for a study trip on its agricultural industry. They are due to return on Sept 17. 

Political pundits believed that the trip was to prevent the BN parliamentarians from crossing over on Sept 16. 

However, the backbenchers and BN leaders including Prime Minister Datuk Seri Abdullah Ahmad Badawi and his deputy Datuk Seri Najib Abdul Razak, had strongly denied the trip had anything to do with the defection talk. 

In a related development, PKR information chief Tian Chua said he was among four leaders that the party had assigned to fly to Taiwan today. The other leaders are vice-president Dr Lee Boon Chye, party strategist Saifuddin Nasution and election bureau deputy director Fuziah Salleh. 

Chua said they would set up meetings with BN backbenchers “to sort out some issues with them”. 

When asked about the trip later, Anwar brushed aside a suggestion that the PR had joined the political game of the BN which the coalition had earlier criticised. 

“No (we’re not joining their game). Some of them want to meet us and discuss when they are thinking about the date (of defection). So I said ok, you can meet us. So we (will) send a few people there as we can’t afford to send 60,” he said wryly. 






 



RPK Ditangkap


Malaysiakini

Controversial blogger Raja Petra Kamaruddin has been detainede under the Internal Security Act (ISA).

According to his wife Marina Lee Abdullah, Raja Petra was arrested when 10 police police personnel who arrived at his home in Sungai Buloh at 1.10 pm.

When Malaysiakini Contacted her at 1.25pm, the police personnel were still there. According to Marina, Raja Petra has yet to appoint a lawyer to handle the matter.

This is the second time Raja Petra has been detained under the ISA.
Tha first incident was in 2001.

JOM BELI HONDA CITY









Harga Minyak Masak Bila Nak Turun?

10:14 10Sep08 -UPDATE 1-Palm oil seen falling to 2,200 rgt - Mistry
 
  SINGAPORE, Sept 10 (Reuters) - Malaysian crude palm oil 
futures are likely to ease another 6.5 percent to around 2,200 
ringgit per tonne as surging production and weak demand weigh on 
the market, industry analyst Dorab Mistry said on Wednesday. 

  Palm oil output in Indonesia, the world's biggest producer, 
is likely to jump to a record high of 20 million tonnes in 2008, 
an increase of more than 16 percent from last year. 

  Malaysia's crude palm oil output is expected to reach 18 
million tonnes, compared with 15.8 million tonnes in 2007, Mistry 
told an industry conference in Singapore. 

  "The high cycle of palm production shows signs of continuing 
well into October and even as far as November," Mistry said. "I 
also believe that in the first half of November, the combined 
stocks of Malaysia and Indonesia will exceed a tank bursting 
figure of 5 million tonnes." 

  Mistry -- a director with India's commodities-to-appliances 
company Godrej International -- said his forecast on palm oil 
prices was based on crude oil at around $100 a barrel. 

  "My first price point for a market clearing level for CPO is 
a price of $600-650 FOB Malaysia which would equate to BMD  
futures at about 2,200 ringgit." 

  "I must caution that if Nymex WTI crude oil falls further, to 
say $80 per barrel, that level of $600-$650 will need to fall 
further." 

  On Tuesday, James Fry, another leading industry analyst, said 
the price of Malaysian crude palm oil would hover around $700 per 
tonne during the next six months and would find support around 
2,300 ringgit because of biofuels demand. 

  The benchmark November crude palm oil contract on the Bursa 
Malaysia Derivatives Exchange ended down 115 ringgit, or 
4.66 percent, at 2,354 ringgit a tonne after trading as low as 
2,346 ringgit a tonne, a level not seen since August 21, 2007. 

  It has fallen nearly 50 percent from its March peak of 4,486 
ringgit due to concerns about a build-up of supplies and news of 
defaults from buyers in India and China. 
  Mistry said a decline in palm oil prices could propel the 
ailing biodiesel industry. 

  "Palm has within itself the means to increase its biofuel 
market share so much that the surplus and the stocks can be 
cleared out without difficulty," he said. 

  Mistry said surging prices had cut vegetable oil demand from 
the food and the fuel sectors in the first half of this year. 

  "For the oil year 2007/08, we have lost 1 million tonnes of 
food demand and about 500,000 tonnes of biodiesel demand as a 
result of high prices."

 
(Reporting by Naveen Thukral; Editing by Sambit Mohanty) 
((naveen.thukral@reuters.com; +65-6870-3851; Reuters messaging: 
naveen.thukral.reuters.com@reuters.net)) 
Keywords: OILS MISTRY/