Ringgit - Horses’ Mouths – 13 August 2015

Harakahdaily - TS | .


Initially, it (decline in the ringgit) was nothing more than on the premise that the United States (US) Federal Reserve is expected to increase interest rates. That move strengthens the US dollar but we become weaker than other currencies. Then came the decline in commodity prices, which resulted in more pressure on the local unit.

Pong Teng Siew, Inter-Pacific Research Sdn Bhd Head of Research, insisting that the current weakness of the ringgit, mainly attributed to external factors including the soft commodity prices and a slowdown in China's economy




The appointment of a new PAC chairman and members will be done as soon as the PSC members have been replaced. After that, the PAC can continue with the duties entrusted to it, including resuming its proceeding on 1MDB.

Azalina Othman, Minister in the Prime Minister’s Department, announcing that new members for the Parliament Select Committee (PSC) and the Public Accounts Committee (PAC) will only be appointed when Parliament reconvenes on October 19



Bersih 4

I have no problems with peaceful demonstrations and the police have stated it can be held as long as it doesn’t cause any ruckus,

Nur Jazlan Mohamed, Deputy Home Minister, insisting that the government has no problem with the Bersih 4 rally slated onAug 29 and 30 provided there are no incidents


If you want to overthrow the government through illegal actions, the police have to step in.

Noor Rashid Ibrahim, deputy inspector-general of police, warning Bersih 2.0 not to "overthrow the government" in its coming rally



Don’t regret

The DAP leadership is now banking on their token Malay entrists and the former PAS “New Hopers” to get by. No doubt the DAP will be complacent to rule Penang but succeeding to drive PAS out of PR is undoing more than thirty years’ work engaging with PAS to build the Alternative Coalition. Let us hope that this latest episode will not drive PAS into the arms of UMNO and undo the positive work of the last thirty years, which includes PAS Youth’s Unit Amal providing excellent stewardship support at so many Bersih rallies.

Kua Kia Soon, Suaram advisor



Hold the fort

If in the political sphere we seem to be losing it, let the rest of the government, starting with our commendable civil servants, hold the fort.

Rafidah Aziz, International Trade Minister, urging civil servants to buckle down and focus on governing the country as politicians from the ruling party are distracted by petty issues



Risda and Mara chairman

Both these appointments were made after the approval of Prime Minister Najib Abdul Razak.

Ismail Sabri, Rural and Regional Development Minister, confirming that Annuar Musa has been reappointed as chairperson of Majlis Amanah Rakyat (Mara) and Zahidi Zainul Abidin as the chairperson of the Rubber Industries Smallholders Development Authority (Risda)

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