Unlike Brunei & Philippines, Malaysia-China Alliance Has Its Own Dirty Little Secret

From October 31 (today) to November 6, Malaysian Prime Minister Najib Razak will be given the 5-star treatment by Beijing, privilege not even U.S. President Barack Obama would enjoy. In fact, when Obama flew in to Hangzhou, China, for the G-20 Summit last month, China deliberately humiliated the U.S. president by denying him a staircase, forcing him to exit from “the ass of Air Force One“.

 

The last time Najib Razak flew to China for a similar 1-week visit was in 2014 – May 28 to June 2 – in conjunction with Kuala Lumpur-Beijing 40th diplomatic ties anniversary. The prime minister boasted how Beijing had given him the special treatment during that trip, simply because Beijing didn’t allow him to consume half-boiled eggs boiled in 3-minute.

As someone who always feels he’s somehow very special, Malaysians and the world can expect to hear another story from Najib on how well he is pampered by the Chinese. Ironically, this is the same man who had vowed to “bathe the keris (Malay dagger) with Chinese blood” back in October 1987 when he was then the UMNO Youth Chief.

 

Close to 30 years later today, Mr. Najib is a different man. He’s now the Prime Minister of Malaysia. He also has a new wife – Rosmah Mansor – whom he married in the same year he promised to kill all the Chinese in 1987, after he divorced his first wife Tengku Puteri Zainah Tengku Eskandar (“Kui Yie”). More importantly, he now loves China more than the mainland-Chinese themselves.

Brunei, once the world’s richest kingdom where its Sultan Hassanah Bolkiah personal private collection has more than 600 Rolls-Royces, more than 450 Ferraris, and 134 Koenigseggs – the largest collection of that brand in the world – has succumbed to being a China’s ally after being offered attractive production-sharing options for the South China Sea’s deep-sea exploration.

 

Philippines, once the strongest ally of the U.S. in Southeast Asia, have declared its “separation” from superpower United States. President Rodrigo Duterte has pledged and realigned his government ideological flow towards China. After calling U.S. President Barack Obama a “son of a bitch” and told him to “go to hell”, the Philippines and China are now “blood brothers“.

China is today not only an economic superpower, but also an emerging  military superpower.Nobody wants to become a follower of a wealthy boss who can’t offer protection. That’s why no country has ever pledged alliance to Japan despite the country being the biggest economic powerhouse in Asia before China snatches the throne.

 

Unlike Brunei and the Philippines who have allied themselves to China due to economic reasons, the same cannot be said about Malaysia. Brunei suffers due to low oil prices while the Philippines require new boost of investments from cash-rich China to develop its ailing infrastructure. Duterte brought home US$24 billion worth of funding and investment pledges from his 4-day visit to China.

Malaysia, under Najib administration, on the other hand is sucking up to China for one reason – to bailout and save highly-corrupt Najib Razak. His “Ponzi Scheme” disguised under 1MDB (1Malaysia Development Berhad) has accumulated debt of more than RM50 billion this year. Unlike the U.S., the Chinese was more than willing to rescue Najib, in exchange for strategic alliance.

 

This strategic alliance does not merely involve lip service. The Chinese aren’t stupid but brilliant businessmen. They put to practice “Money Talks, Bullshit Walks”. So when Najib asked for help, the China General Nuclear Power Corporation (CGN) agreed to pay him RM9.83 billion (US$2.3 billion) in exchange for 100% stake of 1MDB power plants Edra Global Energy Bhd.

The following month in December, China Railway Engineering Corp (CREC) agreed to buy a 60% stake in a 1MDB property project called Bandar Malaysia for RM7.41 billion (US$1.7 billion) in a joint venture with Iskandar Waterfront Holdings (IWH). Essentially, the Chinese own 16-plots of extremely valuable lands, supposedly belong to ethnic-Malay, in Malaysia.

 

When Brunei agreed to keep an elegant silent on the dispute territory in the South China Sea, they didn’t sell 100% stake of any of their national assets to the Chinese. When the Philippines agreed not to talk about their victory in denying China’s claim over its South China Sea, they didn’t sell 60% of valuable lands in Manila to the Chinese.

However, when Malaysia agreed not to talk about its claims in South China Sea, they sold 100% of power plants and 60% of 196.7-ha of valuable lands – all of which were vital national assets. In March, Minister Shahidan Kassim said that about 100 Chinese registered vessels were detected in the Luconia Shoals, one of the largest reefs in the South China Sea.

 

Amusingly, a few days later, Defence Minister Hishammuddin Hussein (cousin of Najib Razak) refuted those claims, suggesting that not only Najib administration was in confusion over national policy; they were also willing to close one eye over national security, and was ready to trade the country’s sovereignty in exchange for money.

Najib’s government also deliberately ignored reports of Malaysian Malay fishermen being bullied by men aboard Chinese Coast Guard vessels last year. A frustrated Malaysian minister was reportedly told Reuters – “When the Chinese entered Indonesia’s waters, they were immediately chased out. When the Chinese vessels entered our waters, nothing was done.”

 

If that was not serious enough, Najib plans to prove to Beijing that his administration is serious about shifting its alliance to China from the U.S. by purchasing at least 10 units of LMS (Littoral Mission Ships) at a cost of approximately RM300 million (US$71.5 million) each for a total of RM3 billion (US$715 million), when such ships could be purchased elsewhere.

Because the U.S.-Department of Justice refused to close one eye on Najib’s stepson Riza Aziz who had allegedly stolen money amounting to US$3.5 billion from 1MDB, the prime minister sulks and throws tantrum with plans to buy navy vessels from China, whose coast guard vessels have been harassing and bullying Malaysian fishermen in the first place.

 

Najib Razak will try to outdo Rodrigo Duterte, and proudly bring home more than US$24 billion worth of funding and investment secured by the Philippines president. But there’s one dirty secret Najib doesn’t want you to know about his deals. The deals will include “inflated figures” to fund his next 14th general election, on top of money to bailout his 1MDB’s RM50 billion debt.

 

Other Articles That May Interest You …

• Bandar Malaysia Has Become “Bandar China” – The U.S. & Malays Conned By Najib
• WikiLeaks: Soros Slammed Obama Of Trading TPP For A Racist, Extreme & Corrupt Najib
• Swiss A.G. – Najib’s 1MDB Scammed At Least $800 Million Using “Ponzi Scheme”
• China & Philippines Are “Blood Brothers” – Bidding Goodbye, Duterte Says U.S. Has Lost
• Humiliation! – Obama Missed Red Carpet, Forced To Exit Of The “Ass” Of Air Force One
• Tribunal: No Basis To China’s South China Sea Claim, But Who Dares To Enforce It?
• Congrats Najib, Your Boy Has Just Proven Your Family Has Everything To Hide
• Once The Richest Kingdom, Desperate Brunei Is Now China’s Close Ally
• Najib’s Twin Scandals – It’s Not Over Yet, It’s Just The Beginning

from FinanceTwitter http://www.financetwitter.com/2016/10/unlike-brunei-philippines-malaysia-china-alliance-has-its-own-dirty-little-secret.html