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Scary, what's happening in Malaysia.....the news below is published today 5 Aug, Bloomberg:
A 44-year-old businessman was shot dead in Malaysia’s eastern Sabah state, raising concern over a surge in gun violence after Prime Minister Najib Razak scrapped a law used to tackle hard-core criminals.
Since July 26, there have been at least 10 public shooting incidents around the Southeast Asian nation, leaving five people dead including Hussain Ahmad Najadi, the 75-year-old founder of AMMB Holdings Bhd. (AMM), Malaysia’s fifth-biggest lender, according to data compiled by police and published on an official Facebook page. In the Sabah incident, the businessman died in a drive-by shooting in Kota Kinabalu on Aug. 3, police said.
Malaysian forensic police carry the body of late Hussain Ahmad Najadi, founder of AMMB Holdings Bhd., after he was shot dead in a parking lot in Kuala Lumpur on July 29, 2013. Source: AFP/Getty Images
Najib abolished the Emergency Ordinance two years ago as part of a move to boost civil liberties. The law allowed suspects to be detained for as many as two years with a minister’s consent and had been introduced in 1969 following race riots. He also scrapped the Internal Security Act, which was introduced in 1960 to tackle a communist insurgency and gave police wide-ranging power to detain suspects indefinitely. The government is considering tabling new preventative laws in parliament, the premier said last month after Najadi’s death.
“Underworld elements are bold enough to carry out these actions because they know for police to catch and arrest them it’s going to be very challenging,” P. Sundramoorthy, a professor of criminology at Universiti Sains Malaysia, said in a phone interview today. “The Emergency Ordinance allowed police to create a case over hard-core criminals.”
Murder Rate
Gun ownership in Malaysia is restricted, and holders are required to carry licenses. Sundramoorthy said Malaysia hadn’t seen this many fatal shootings since a communist insurgency in the late 1950s and 1960s.
An unemployed man is in critical condition after being shot by two men on a motorcycle this morning in Kelantan on Malaysia’s east coast, the News Straits Times reported today, citing Mazlan Lazim, the state’s deputy police chief.
Murders rose 11 percent to 322 in Malaysia in the first six months of this year compared with 2012, according to police statistics provided by the government’s Performance Management & Delivery Unit. Total violent crimes increased 1.9 percent to 15,098 over the same period, the data show.
The surge in violence is partly due to the abolition of the Emergency Ordinance which led to 2,600 hardcore criminals and gang members being released from detention, the malaymailonline reported July 9, citing Home Minister Ahmad Zahid Hamidi.
I think with the bear coming, global markets will see steep falls. However, I believe Singapore will escape from the bear's claw because we (our stock market) have all along been very cautious.
Some pennies will still go up, I think.
Octavia ( Date: 05-Aug-2013 12:56) Posted:
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Only a handful penny counters still alive the rest like BBs have run road.Lol
