UMNO’s oil is gone and the silver bullet in the form of the sport gambling license which was to solve all of UMNO’s financial woes turned out to be a dud. Subsidy cuts are the only way left to generate the projeks and contracts needed to …… b. The property bubble ala China, the US and Japan before this leverages on the illgotten gains of (a) creating a highly speculative environment that is rewarding to shortterm capital inflow. Its a virtous circle for triads, …