Research for Social Advancement – Relevant Facts / Sparkling Analysis

Explosive Video Reveals Licence Abuses by Taib Family


TaibEXCLUSIVE An undercover investigation by an international NGO has revealed video evidence of how Sarawak Chief Minister Abdul Taib Mahmud’s family members and business associates abuse logging licences to enrich themselves at the expense of ordinary Sarawakians.

Two of Taib’s first cousins, a family member of Taib’s key business partner and a lawyer who represented the cousins have been caught on video explaining the mechanisms of circumventing existing laws to profit from the scheme.

The video was discreetly recorded by an investigator with Global Witness, a London-based NGO that investigates and campaigns against environmental and human rights abuses.

The undercover investigator was sent to Sarawak last year posing as a “foreign investor” looking to buy land to set up oil palm plantations.

The investigator approached the Regional Corridor Development Authority (Recoda), the state government body charged with handling foreign investments, and was immediately directed to certain members of Taib’s family who were selling companies licensed to log and clear land for plantations in Sarawak.

These licences were issued by Sarawak’s Ministry of Resource Planning and Environment, which is headed by Taib…


This investigation provides undercover footage of the corruption and illegality at the heart of governance in Sarawak, Malaysia’s largest state, on the island of Borneo.

For over thirty years, Sarawak has been governed by Chief Minister Abdul Taib Mahmud, who controls all land classification, forestry and plantation licenses in the state. Under his tenure, Sarawak has experienced some of the most intense rates of logging seen anywhere in the world. The state now has less than 5 per cent of its forests left in a pristine condition, unaffected by logging or plantations and continues to export more tropical logs than South America and Africa combined.

The film reveals for the first time the instruments used by the ruling Taib family and their local lawyers to skirt Malaysia’s laws and taxes, creaming off huge profits at the expense of indigenous people and hiding their dirty money in Singapore. Taib and the local lawyers we approached denied Global Witness’s allegations of corruption. A summary of their responses are included at the end of the film.

Why Our Bloated Government Needs CPR : An Infographic


How To Fight The Satanic Whisper

by Hend Mohamad

FireSkullLife is full of ups and downs – we have times of  joy and times of disappointment, we have our eman increase or decrease,  sometimes we feel close to Allah Subhanahu Wa Ta’ala, and sadly at other times  we turn away. We must identify if it is our nafs or Shaitan that’s deviating us  or decreasing our faith, thus directing us to prepare the appropriate  weapon.

If it’s your nafs stop the habit and replace it with a good habit as Allah  (Subhanahu wa Ta’ala) said: “And establish prayer at the two ends of the day  and at the approach of the night. Indeed, good deeds do away with misdeeds. That  is a reminder for those who remember.” (Surah Hud Verse 114)
It is  important to educate ourselves about the sin or reflect upon the detrimental  habit and then think about the akhirah.

To fight Shaitan’s whispers, Allah  Subhanahu Wa Ta’ala gave us a strong system of defense and the best of it is our  faith:

Increase in Knowledge

The Qur’an and Sunnah are our reference and  guides for knowing what is permitted and forbidden in life as Muslims, it is  therefore an obligation to learn about Allah Subhanahu Wa Ta’ala and thus  increasing in our pursuit of knowledge strengthens our faith. We should also  turn to scholars when in doubt or needing clarification. Try to read The Noble  Qur’an, ahadith, various books about Islam to increase your eman to put into  practice, and to increase your reliance of Allah Subhanahu Wa Ta’ala as that  knowledge will bithn’illah be your protection next time Shaitan tries to make  you deviate.

allahuakbarRely on Allah

Know that there is no might nor power except  with Allah Subhanahu Wa Ta’ala and without Him you can not succeed.

Seeking Refuge: Al-Istiadah

Sincerely seek refuge with Allah from the  accursed; do so before entering the toilet, entering your house, when leaving  the house, when having bad thoughts, when beginning to recite The Qur’an, so  on.


Make du’a for help and protection, and find the  Sunnah du’a which can be found in the supplication book Fortress of the  Muslim.

Remembrance of Allah:

Abu Hurairah (May Allah be pleased with him)  reported: The Messenger of Allah (sal Allahu ‘alayhi wa sallam) said, “Allah the  Exalted says: `I am as my slave expects me to be, and I am with him when he  remembers Me. If he remembers Me inwardly, I will remember him inwardly, and if  he remembers Me in an assembly, I will remember him in a better assembly (i.e.  in the assembly of angels).” [Al-Bukhari and Muslim].

recite quranRead, Recite, Reflect on the  Qur’an:

You can listen to the Qur’an on your mobile  phone, your iPod or MP3, or in your car, on your way to work or school or  at home. Make a habit of reading the Qur’an daily, even if it is just a few  verses. It is our source of guidance and protection for our eman.

Finally, Shaitan is our enemy and let us wage a  war against him and our nafs by devoting ourselves to increasing our eman and  serving Allah Subhanahu Wa Ta’ala. At the end of the day, Shaitan does not make  us do something, he whispers. If you fall, which we are all bound to do as  humans, don’t give up and turn back to Allah Subhanahu Wa Ta’ala:

Say: ”O My servants who have  transgressed against themselves [by sinning], do not despair of the mercy of  Allah. Indeed, Allah forgives all sins. Indeed, it is He who is the Forgiving,  the Merciful.” (Az-zumur 53)

Tax Evasion vs Tax Avoidance

compiled by Dib Mossavi

TAX EVASION is the general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means. Tax evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities to reduce their tax liability, and includes, in particular, dishonest tax reporting (such as declaring less income, profits or gains than actually earned; or overstating deductions).

Tax evasion is an activity commonly associated with the underground economy and one measure of the extent of tax evasion the amount of unreported income, namely the difference between the amount of income that should legally be reported to the tax authorities and the actual amount reported. There were several attempts by some governments to measure unreported income and the tax gap. The tax gap is the difference between the amount of tax legally owed and the amount actually collected by the government.

TAX AVOIDANCE on the other hand, is the legal utilization of the tax regime to one’s own advantage, to reduce the amount of tax that is payable by means that are within the law. Both tax evasion and avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that are unfavorable to a state’s tax system.

NAV – The Effect of A Capital Gain Distribution On A Fund’s Price

compiled by Dib Mossavi

If your fund is down when the market is up, the fund might have just paid a capital gain.

  • What is a capital gain? When you sell a capital asset — such as a stock or a bond — for more than you paid for it, you make a profit, or experience a capital gain. So if you buy a stock for $100 and later sell it for $120, your capital gain is $20.

    When a fund sells securities at a profit, the sale also generates a capital gain. Two types of capital gains are realized by our funds — short-term and long-term. Net short-term capital gains are distributed to shareholders as income dividends and are taxed at ordinary income tax rates. Long-term capital gain distributions are taxed at a maximum rate of 15%.

    Fund managers (the PCEF as in the case of my shares) buy and sell securities throughout the year, sometimes at a profit, sometimes at a loss. When profits outweigh losses, they accumulate and contribute to the rise of the Net Asset Value (NAV) of the fund’s shares. When that profit is paid out to shareholders, its NAV, or share price, will be reduced by the amount of the distribution.  These distributions, which typically occur once or twice a year, are made primarily for tax reasons.

    However, if you reinvest the distribution, as most shareholders do, the number of shares in your account will increase so that the total value of your account will not be affected by the distribution.

    • For example… Say a fund share sells at a NAV of $10. If sales of the fund’s securities have resulted in the fund making a capital gain distribution of $2 a share during the year, $2 will be deducted from the NAV and paid to shareholders on a specified date. On that date the fund share price will decline to $8.
    • Don’t worry — you haven’t lost any money. You still have $10 in value — $8 in the fund’s Net Asset Value, and $2 in your pocket or reinvested in the fund. And if you do automatically reinvest your capital gain distribution, it buys you additional fund shares at the new, lower price of $8. These additional shares compensate for the drop in the NAV, so the total value of your account doesn’t change. (Of course, if there is a decline in the market at the same time, you may still see a drop in the total value of your account.)

For example… If you have 100 shares in your account when the NAV is $10 a share, your account value is $1,000. If the fund pays a capital gain distribution of $2 a share (or $200, since you have 100 shares), the NAV drops to $8 a share and your original 100 shares are now worth $800. However, if you automatically reinvest your capital gain distribution, the $200 distribution buys you $200 worth of shares — at $8 per share. The distribution therefore adds 25 shares ($200 divided by $8) to your account, so you now own 125 shares worth $8 each, for a total of $1,000, which was your original account value before the capital gain distribution was paid.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.


Specially dedicated to Hash Abdullah
compiled by Dib Mossavi
15 Oct 2012

The net asset value formula is used to calculate a mutual fund’s value per share. A mutual fund is a pool of investments that are divided into shares to be purchased by investors. Each share contains a weighted portion of each investment in the collective pool. The premise of grouping in this manner is to minimize risk by diversifying.

It is important to note that net asset value does not look at future dividends and growth as do other stock and bond valuation methods. The formula for net asset value only looks at the fund’s per share value based on its net assets.

The net asset value is determined by the mutual fund company and priced according to this formula. Stock and bond valuation methods are not used due to mutual funds being sold directly from the company and not through an exchange or on the secondary market. Stocks, on the other hand, are sold through bid and ask pricing on the secondary market which requires an investor to determine a share’s value to them based on expected future earnings, in which they bid accordingly.

Use of the Net Asset Value Formula

As already stated, the net asset value formula is used by a mutual fund company to determine the price of a share of a specific mutual fund. An individual investor may not find the net asset value formula particularly useful besides for the sake of knowledge. However, it is important to know how net asset value is calculated, in that expected future earnings are not considered.

Example of Net Asset Value Formula

A simple, perhaps unrealistic, example of calculating net asset value would be a mutual fund with assets of $1 million, liabilities of $100,000, and 100,000 outstanding shares. Putting this information into the variables of the net asset value formula would show :-

which would return $9 per share.

** So Hash, if you do not wish to exit during IPO, you will be grouped under the “NAV DISTRIBUTION GROUP” and receive dividends which usually takes place after they have roll out their financial reports annually (ie. prevailing  NAV returns per share multiply total number of shares you own). Apa pun, lets wait for the next news updates from PCEF.  Wallahi …..

Gold Traders : It Could Be A Misunderstanding

Salam brothers and sisters,  following the ‘unscrupulous’ rumours dictated by Utusan Meloya’s journalists, Gold Bullion Entrepreneurs Association of Malaysia speaks up to the STAR on the facts and other rationales on gold tradings and investment portfolios.  Everything else is self explanatory ………read on to know more ….

The STAR, Friday August 10, 2012

GEORGE TOWN: Some gold trading companies could have entered Bank Negara’s consumer alert list due to a misunderstanding, said the Gold Bullion Entrepreneurs Association of Malaysia (GBEAM).

GBEAM secretary-general Datuk Joseph Kow said the misunderstanding might have occurred when some customers misunderstood the gold products they had bought from these companies.

“When they make certain queries with Bank Negara regarding their gold purchases, they could have used terms like interest and investment to describe the transactions.

“The terms investment and interest could have triggered Bank Negara’s alert system, prompting it to place these companies under its consumer alert list,” he said.   Kow was commenting on news reports about some gold trading companies that had appeared on the consumer alert list.

He explained that a gold trading company will need a banking licence from the authorities if they are selling gold as a form of investment that generates interest.   However, he said gold trading in the country had been deregulated since 1987.

“There is no need to obtain a licence or approval from Bank Negara to operate a gold trading business in the country.

“A gold trading company only needs to register with the Companies Commission of Malaysia to do business,” Kow said.

It was reported that Bank Negara has blacklisted 77 companies involved in unauthorised and illegal transactions amid reports of RM100mil being lost monthly to commercial crimes.

related link –


……. but sincerely ….. how much or rather how thorough were investigations conducted by the Utuan Meloya’s journalists before publishing the untruth?  Or did they acted merely based on ‘unscrupulous complaints’ to fulfill the quests of ‘selected individuals’ interests’?? ……….. VGMC have been offering its CONVERTIBLE PREFERRED SHARES since 2010 and our senior premiere shareholders have improved their domestic economic status tremendously ever since, that they are now able to contribute zakat personally within as well as out of the country without having to go thru any associations/NGOs.  Isnt this supposed to be the ultimate objective of any government for that matter?  That nations need not depend on the governing party’s subsidies and sponsorships to help develop nations and communities?  Wallahualambissawab …..

dibiSH Album

Marked the nostalgic beginning of dibiSH ...on the contrary, Al Fatihah to arwah Sam on his tragic demise ...







On my birthday – SEPTEMBER 2011











SON’s WEDDING – Sabah/Sarawak










When We Believe

inspired by Dib Mossavi

True love is one of the noblest and loftiest feelings that a person can experience.  It is one of the blessings that alMighty Allah has graced human beings with.

Love is one of the deepest, most intense emotions that a person can experience. It is also one of the most wonderful blessings that Almighty Allah has created for human beings in this world. People take great pleasure in the material and spiritual gifts that Allah has bestowed upon them; they take pleasure in beautiful views, comfortable houses, and fine cooking. But none of these satisfactions can compare with the happiness that love gives.

In order to experience love to the fullest, certain conditions are necessary. First of all, an individual must be able to see the good qualities in others and appreciate their fine points. The more open an individual’s mind and conscience, the stronger his or her ability to love. However, such ability can only be attained through faith in and fear from Allah. Therefore, a person is able to experience love according to the measure of his or her faith and piety; to that extent, the individual will take pleasure in it.

Similarly, for a person to love another, he or she needs to find lovable qualities in that person and again, these qualities arise from faith and fear of Allah. The deeper an individual believes in Allah, and the more he or she fears Him, the more lovable qualities this person possesses. This is because the one who fears Almighty Allah has a good moral character; and along with the fear of Allah develops mercy, tolerance, reliability, courage, self-sacrifice, intelligence, and good conscience. All these qualities naturally create a deep and strong sense of love in the heart of anyone who sees with the eyes of faith. But if these conditions — faith and fear of Allah, which are the basis of love — are absent, then no one can experience true love.

The basic source of the love that believers feel for others is their love of Allah. The knowledge that Almighty Allah creates the joy that comes from their heart-felt love for others, as a manifestation of Himself, gives that love its depth.

However, since the love of disbelievers is founded on their expectation of gain,they can never truly experience love. They love only those who are useful to them, make them comfortable, and grant them favors. But such love rests on crumbling foundations and can never become sincere and heart-felt. In reality, they love themselves more than others and, thinking that they are more valuable than others, want others to do them favors, protect them, and take an interest in them.

As long as they get this attention, they feel a certain sense of love. But most often, this type of love does not make others happy or feel loved, for it is false and directed toward gain. Being no more than a polite pretense for the sake of other people’s feelings, it ends when the goal is achieved. Naturally, they cannot show any sincere affection, no matter how often they express their love. All they can do is mouth the stereotyped words and phrases generally available for this purpose and used on special days set apart for expressions of love.

In fact, disbelievers have broken faith in their hearts, therefore they live in a loveless world and cannot derive pleasure from the aspects thatnaturally bestow joy to the human spirit. More importantly, since they cannot know true love and how to love and be loved, they will not experience this blessing in Paradise either, which is a place filled with the never-ending love of Allah. There, people will know how to love and taste the eternal joy of being loved. In the Qur’an, Almighty Allah tells us of the blessings that await believers in Paradise as a reward for their good moral character.

In contrast, judging everything by material standards, disbelievers suffer great material loss when that foundation collapses.

However, believers can express true love toward others with sincere, moving, and meaningful words, because the joy of love is alive in their hearts. Indeed, believers who sincerely honor and love their beloved ones will never do or say anything to harm them. Above all, this type of love does not depend upon circumstances or any expected reward. It is Almighty Allah alone Who will reward true love, for its sole purpose is to win His favor.

In true love, on the other hand, time always plays a positive role, for it enables each person to appreciate the other’s compassion, mercy, generosity, consideration, self-sacrifice, and other good qualities. Their love grows stronger over time as their personalities, moral understanding, and attitudes develop toward perfection. There is never any boredom or frustration in this kind of love with which good looks, material means, and prestige become irrelevant. The only important thing is the beloved’s moral character.

And the Companions of the Right Hand: What of the Companions of the Right Hand? Amid thornless lote trees, fruit-laden acacias, wide-spreading shade, gashing water, and fruits in abundance never failing, neither out of reach nor yet forbidden, and on elevated couches; lo! We [Allah] have created them a [new] creation and made them virgins, lovers, friends, for the Companions of the Right Hand .] (Al-Waqi`ah 56:15-38 )

Hence, never ever  prejudge unless you are confident with your facts.  Wallahualam bissawab ….