Malaysia Government Cabinet Lineup 2008

In

  1. Prime Minister – Datuk Seri Abdullah Ahmad Badawi
  2. Deputy Prime Minister – Datuk Seri Najib Tun Razak
  3. Agriculture and Agro-based Industry Minister – Mustapa Mohamed
  4. Defence Minister – Datuk Seri Najib Tun Razak
  5. Domestic Trade and Consumer Affairs Minister – Shahrir Samad
  6. Education Minister – Hishammuddin Hussein
  7. Energy, Water and Communications Minister – Shaziman Abu Mansor
  8. Entrepreneurial and Cooperative Development Minister – Noh Omar
  9. Federal Territories Minister – Zulhasnan Rafique
  10. Finance Minister – Datuk Seri Abdullah Ahmad Badawi
  11. Finance Minister (2nd) – Nor Mohamed Yakcop
  12. Finance Minister (Deputy) – Husni Hanadzlah (formerly International Trade and Industry Deputy Minister) and Kong Cho Ha (Science, Technology and Innovation Deputy Minister)
  13. Foreign Affairs Minister – Dr Rais Yatim (formerly Culture, Arts and Heritage Minister)
  14. Health Minister – Liow Tiong Lai
  15. Higher Education Minister – Khaled Nordin
  16. Housing and Local Government Minister – Ong Ka Chuan
  17. Human Resources Minister – Dr S Subramaniam
  18. Information Minister – Ahmad Shabery Cheek
  19. Internal Security and Home Affairs Minister – Syed Hamid Albar
  20. International Trade and Industry Minister – Muhyiddin Yassin
  21. International Trade and Industry Minister (Deputy) – Liew Vui Keong and Jacob Dungau
  22. National Unity, Culture, Arts and Heritage Minister – Shafie Apdal
  23. Natural Resources and Environment Minister – Douglas Unggah Embas
  24. Plantation Industries and Commodities Minister – Peter Chin Fah Kui
  25. Rural and Regional Development Minister – Muhammad Muhammad Taib
  26. Science, Technology and Innovation Minister – Dr Maximus Ongkili
  27. Tourism Minister – Azalina Othman
  28. Transport Minister – Ong Tee Keat (formerly Deputy Higher Education Minister)
  29. Women, Family and Community Development Minister – Dr Ng Yen Yen
  30. Works Minister – Mohd Zin Mohamad
  31. Youth and Sports Minister – Ismail Sabri Yaacob

Out

Datuk Seri Rafidah Aziz (formerly International Trade and Industry Minister)
Datuk Seri Radzi Sheik Ahmad (formerly Home Affairs Minister)
Datuk Seri Azmi Khalid (formerly Natural Resources and Innovation Minister)
Datuk Seri Jamaluddin Jarjis (formerly Science, Technology and Innovation Minister)
Datuk Seri Tengku Adnan Mansor (formerly Tourism Minister)
Datuk Seri Ong Ka Ting (formerly Housing and Local Government Minister)
Datuk Seri Dr Fong Chan Onn (formerly Human Resources Minister)

Total number of Ministers: 27 (from 32)

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Will Malaysia Be Happy to Rejoin with Singapore?

Bernama reported on a 27 September 2007 interview conducted by Tom Plate of the UCLA Media Center and Jeffrey Cole of the USC Annenberg School Center for the Digital Future on Singapore’s Minister Mentor Lee Kuan Yew, previously the Senior Minister and Prime Minister of the Singapore Government.

Kuan Yew Says Happy to Rejoin Malaysia If…
http://web7.bernama.com/bernama/v3/news.php?id=289602

Some 10 years after remarking that Singapore might rejoin Malaysia if the island state’s economy faltered and if Malaysia pursued meritocracy, Minister Mentor Lee Kuan Yew has again spoken on the subject.

“They have got all the resources. If they would just educate the Chinese and Indians, use them and treat them as their citizens, they can equal us and even do better than us and we would be happy to rejoin them,” Lee said.

The transcript of the interview is available online on the UCLA Asia Institute website.

In June 1996, Lee spoke about the possibility of Singapore rejoining Malaysia, raising a storm on both sides of the Causeway with then Malaysian prime minister Datuk Seri (now Tun) Dr Mahathir Mohamad saying that he did not think that the time had come for that yet.

Dr Mahathir had also described the remark as just a means “to jolt Singaporeans” into their senses.

The latest remarks by the Singapore founding father came after he was asked about Singapore’s “sense of endangerment” and why the island state was worried about survivability in the long run.

Lee replied: “Where are we? Are we in the Caribbean? Are we next to America like the Bahamas? Are we in the Mediterranean, like Malta, next to Italy? Are we like Hong Kong, next to China and therefore, will become part of China?

“We are in Southeast Asia, in the midst of a turbulent, volatile, unsettled region. Singapore is a superstructure built on what? On 700 square kilometres and a lot of smart ideas that have worked so far — but the whole thing could come undone very quickly”.

To a question on who would come after Singapore, Lee replied: “When (Malaysia) kicked us out (in 1965), the expectation was that we would fail and we will go back on their terms, not on the terms we agreed with them under the British.

“Our problems are not just between states, this is a problem between races and religions and civilizations.

“We are a standing indictment of all the things that they can be doing differently. They have got all the resources. If they would just educate the Chinese and Indians, use them and treat them as their citizens, they can equal us and even do better than us and we would be happy to rejoin them,” he said.

Analysts here do not see any possibility of a Malaysia-Singapore merger.

“The chances of a re-merger in 1996 and in 2007 are the same — zero,” said Dr Ooi Kee Beng, coordinator of the Malaysia study programme at the Institute of Southeast Asian Studies and best-selling author of “The Reluctant Politician: Tun Dr Ismail and His Time”.

“The very idea of a re-merger on Singapore’s terms is appalling to most Malays (in Malaysia) and any move in that direction would be political suicide for a Malaysian politician to take,” Dr Ooi told Today newspaper.

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Refinance Your Home Loan Regularly in Malaysia

If you’re a home owner with a bank loan in your property in Malaysia, have you checked if your current rate is still competitive? The loan market in Malaysia has been very healthy and changes quite significantly every six months.

Although the base lending rate (BLR) has steadily increased over the past few quarters, banks are coming up with new packages that are even attractive to current loaners. Some offer 1 to 3 percent interest rates for the first 1 to 5 years, while others continue to promote consistently lower than BLR rates, as low as BLR -2 percent.

Refinance Your Home LoanRefinancing a home loan is even tangible for those that are less than the agreed period, typically five years, where termination comes with a monetary penalty. Competition has resulted in competing banks offering positive savings even after paying the penalty to your current bank.

A newer trend in home loans or mortgage loans is in attaching a cash deposit account that is linked to the loan. This encourages you to deposit your savings and income to the account, which is then used by the bank as collateral to reduce the daily interest charged on the balance of your home loan. As long as you maintain and/or add more funds into the account, the home loan interest is significantly reduced on a daily basis. In the end, you can effectively reduce your loan tenure by a few years! By the way, you also have the flexibility to withdraw from the account, just like your standard expenses account.

Review and refinance your home loan every few years because such products from the banks change often. Just like the credit business, debts are big dollar business for banks and financial institutions.

My current bank was not particularly keen on keeping customers when I called to enquire if I can enjoy the better terms on newer loan packages that it was offering. When they said they could not help me at all, I decided to look elsewhere for better rates. Another lesson I learnt is that the international banks are more aggressive in their offerings compared to the local banks, a good sign and wake-up call for the laggard banks here.

A good site to learn more on how you can save interests on home loans and consolidate debts to be more financially free, I recommend Rebuild.org. The site offers tips and links to loan products that may just save you years of interest, the number one enemy (and sometimes friend) to your personal wealth.

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