Bank Islam chief economist suspended

  • Search for MH370 likely to take years, says US official
    Search for MH370 likely to take years, says US official

    The search for missing Malaysia Airlines flight MH370 is likely to drag on for years, a senior US defence official told Reuters today, as an underwater search for any trace of the plane's wreckage off west Australia appeared to have failed. The official, speaking under condition of anonymity because he was not authorised to comment on the... …

  • Widow sues after insurance declines cancer cover after husband gets cancer
    Widow sues after insurance declines cancer cover after husband gets cancer

    GEORGE TOWN, April 25 ― A widow is suing an insurance firm here for RM2 million after it declined to pay out on her husband’s policy against cancer when he was diagnosed with the disease six months... …

  • In Malaysia visit, Obama revisits the ‘Asia pivot’
    In Malaysia visit, Obama revisits the ‘Asia pivot’

    As the excitement swells ahead of US President Barack Obama’s visit to Malaysia this weekend – if not on the closed-off streets of Kuala Lumpur then at least in the media – there’s also a burgeoning anxiety here inside the Washington beltway that the hope’n’change promised by the so-called “Asia pivot” may need some tempering during this... …

  • Slippery slope, lawyers say of Pahang ban on holy books in hotels
    Slippery slope, lawyers say of Pahang ban on holy books in hotels

    KUALA LUMPUR, April 25 ― A Pahang Islamic body's recent decision to ban hotels from carrying books on non-Islamic religions signals another step on the path towards further erosion of Malaysia... …

  • Families take their doubts on MH370 investigation to Boeing shareholders
    Families take their doubts on MH370 investigation to Boeing shareholders

    Families of passengers on board flight MH370 are now turning to shareholders of aircraft manufacturer Boeing after failing to get any direct answers from Putrajaya and Malaysia Airlines to lingering questions over the investigation into the missing flight. Spearheading the effort is Sarah Bajc, partner of Philip Wood, who was on board the... …

  • PR would have suffered serious losses in 2013 polls if hudud was major issue, says DAP
    PR would have suffered serious losses in 2013 polls if hudud was major issue, says DAP

    Pakatan Rakyat would have suffered devastating setbacks in Perak, Pahang, Negri Sembilan and Melacca if it had made hudud a major issue in last year’s general election, DAP advisor Lim Kit Siang said. The Gelang Patah MP (pic), who had earlier said hudud was never a vote-winner for PAS in previous elections, gave an illustration of how PR... …

The chief economist of Bank Islam has been suspended following media reports on a presentation he made predicting a narrow victory for the opposition Pakatan Rakyat in the 13th general election.

The top officer, Azrul Azwar Ahmad Tajudin, received the suspension letter yesterday afternoon, after allegations of "serious misconduct" were made against him.

Contacted by Malaysiakini today, Azrul said he did not know the reason for his suspension but confirmed that it was linked to the presentation he made in Singapore recently.

"This action is politically motivated. I do not know what to say. I am shocked that this happened," he said.

Azrul said the letter states that his suspension would be effective immediately. However, it does not say how long the suspension would last.

"As no two GEs can provide almost exactly the same reading and in view of the surprise GE12 results, predicting the outcome of the GE13 could prove very challenging and a highly speculative attempt," Azrul Azwar said in his controversial presentation.

He gave three scenarios relating to the forthcoming general election.

1) Scenario with high probability :

Narrow loss for BN, securing only 97-107 parliamentary seats (narrow victory for Pakatan: 115-125) Failure to retake Kedah, Penang, Selangor and Kelantan Lose control of Perak, Negri Sembilan, Terengganu and Perlis Narrowly retain Pahang and Johor Lose significant ground in Malacca, Sabah and Sarawak

2) Scenario with moderate probability :

Narrow win for BN, securing 112-122 parliamentary seats (narrow loss for Pakatan: 100-110) Failure to retake Kedah, Penang, Selangor and Kelantan Lose control of Perak and Negri Sembilan

3) Scenario with low probability :

Big loss for BN, securing only 82-92 parliamentary seats (big victory for PR: 130-140) Failure to retake Kedah, Penang, Selangor and Kelantan Lose control of Perak, Negri Sembilan, Terengganu, Perlis and Pahang Narrowly retain Johor and Malacca Lose significant ground in Sabah and Sarawak

Short-term negative impact

He also speculated that a Pakatan win may have a short-term negative impact on the economy, though he predicted that the long-term political and economic effects will make Malaysia better off with the emergence of a genuine two-party system and stronger checks and balances.

Azrul also warned that Pakatan's aversion to GST may see the government unable to expand revenue and discontinuance of established long-term policies that can be disruptive.

However he lamented that only one of the scenarios, the one of a Pakatan win, was reported by a media outlet, which painted him as "biased".

"If all three possible scenarios were reported, this issue (my suspension) would not have happened," he said, expressing regret over the media spin.

Azrul said he is reflecting on the matter but does not discount the possibility that he may quit his post.

"I don't want others to suffer. This is for my boss' benefit," he explained, adding that his superiors are now facing undue influence from "senior BN leaders".

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • MH370 passenger’s partner tells of strange email from sacked Fox officer The Malaysian Insider
    MH370 passenger’s partner tells of strange email from sacked Fox officer

    The partner of an American passenger aboard the missing Malaysia Airlines flight MH370 has spoken about how a Fox executive who was recently sacked by the news station had contacted her offering to raise funds on her behalf. Sarah Bajc, whose partner Philip Wood is among the 239 people on board the missing plane, told the Sydney Morning Herald... …

  • My last moments with Pa: Ramkarpal Singh The Malaysian Insider
    My last moments with Pa: Ramkarpal Singh

    A week after the tragic crash that took the lives of veteran lawyer and politician Karpal Singh and his personal aide, Michael Cornelius, his son Ramkarpal recounts the final hours with his father that fateful day. This is his story, as told to V. Anbalagan, assistant news editor. “My parents (Karpal and Gurmit) had gone to Pantai Hospital... …

  • In Disney's shadow, homeless families struggle Associated Press
    In Disney's shadow, homeless families struggle

    KISSIMMEE, Fla. (AP) — When they moved from Georgia to the theme park playground of central Florida four years ago, Anthony and Candice Johnson found work at a barbecue restaurant and a 7-Eleven. Their combined salaries nevertheless fell short of what they needed to rent an apartment, so the couple and their two children have instead been hopping among cheap motel rooms along U.S. 192. …