Highlights
KLSE: MYCRON (5087)       MYCRON STEEL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.345   +0.02 (6.15%)  0.335 - 0.355  2,708,300
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Ann. Date Date Type Designation Name View
29-May-2020 29-May-2020 VACATION OF OFFICE Director DATO TUNKU DATO' KAMIL IKRAM BIN TUNKU TAN SRI ABDULLAH View Detail
23-Aug-2019 23-Aug-2019 APPOINTMENT Director MR KWO SHIH KANG View Detail
08-Apr-2019 08-Apr-2019 APPOINTMENT Independent Director DATIN SERI RAIHANAH BEGUM BINTI ABDUL RAHMAN View Detail
05-Apr-2019 07-Apr-2019 RESIGNATION Independent Director MR MUK SAI TAT View Detail
13-Aug-2018 11-Aug-2018 REDESIGNATION Non Executive Director ENCIK AZLAN BIN ABDULLAH View Detail
02-Apr-2018 02-Apr-2018 REDESIGNATION Managing Director ENCIK AZLAN BIN ABDULLAH View Detail
02-Apr-2018 02-Apr-2018 REDESIGNATION Group Chief Executive Officer ENCIK ROSHAN MAHENDRAN BIN ABDULLAH View Detail
18-Sep-2017 18-Sep-2017 APPOINTMENT Director ENCIK ROSHAN MAHENDRAN BIN ABDULLAH View Detail
01-Oct-2015 01-Oct-2015 RESIGNATION Director DATO' SRI ISKANDAR MICHAEL BIN ABDULLAH View Detail
02-Jan-2015 02-Jan-2015 REDESIGNATION Chairman TUNKU DATO’ YA'ACOB BIN TUNKU TAN SRI ABDULLAH View Detail
02-Jan-2015 02-Jan-2015 APPOINTMENT Director TENGKU DATUK SERI AHMAD SHAH IBNI ALMARHUM SULTAN SALAHUDDIN ABDUL AZIZ SHAH View Detail
02-Jan-2015 02-Jan-2015 APPOINTMENT Director SHAZAL YUSUF BIN MOHAMED ZAIN View Detail
02-Jan-2015 02-Jan-2015 APPOINTMENT Director MUK SAI TAT View Detail
02-Jan-2015 02-Jan-2015 RESIGNATION Director GENERAL TAN SRI DATO’ SRI HJ SULEIMAN BIN MAHMUD RMAF (RTD) View Detail
09-Dec-2014 09-Dec-2014 RETIREMENT Director DATUK LIM KIM CHUAN View Detail
09-Apr-2014 08-Apr-2014 DEMISED Director DATO’ JAFFAR INDOT View Detail
10-Mar-2014 09-Mar-2014 DEMISED Director DATO’ ZULKIFLY @ SOFI BIN HAJI MUSTAPHA View Detail
01-Oct-2012 01-Oct-2012 APPOINTMENT Director DATUK SERI RAZMAN MD HASHIM BIN CHE DIN MD HASHIM View Detail
03-Sep-2012 03-Sep-2012 RESIGNATION Director DATO' NARENDRAKUMAR JASANI A/L CHUNILAL RUGNATH View Detail
03-Sep-2012 03-Sep-2012 RESIGNATION Director DATO' ABU TALIB BIN MOHAMED View Detail
03-Sep-2012 03-Sep-2012 APPOINTMENT Director DATO' JAFFAR INDOT View Detail
03-Sep-2012 03-Sep-2012 RESIGNATION Director PAUL CHAN WAN SIEW View Detail
03-Sep-2012 03-Sep-2012 APPOINTMENT Director GENERAL DATO' SRI HJ SULEIMAN BIN MAHMUD RMAF (RTD) View Detail
02-Aug-2012 01-Aug-2012 APPOINTMENT Director DATO' SRI ISKANDAR MICHAEL BIN ABDULLAH View Detail
10-May-2011 09-May-2011 RESIGNATION Director EN SUHAIMI BIN KAMARALZAMAN View Detail
23-Feb-2010 23-Feb-2010 APPOINTMENT Director SUHAIMI BIN KAMARALZAMAN View Detail
10-Jun-2008 10-Jun-2008 APPOINTMENT Director TUNKU DATO' KAMIL IKRAM BIN TUNKU TAN SRI ABDULLAH View Detail
02-May-2008 02-May-2008 REDESIGNATION Chairman TUNKU DATO' YA'ACOB BIN TUNKU TAN SRI ABDULLAH View Detail
12-Feb-2008 12-Feb-2008 RESIGNATION Chairman & Director TUNKU DATO' SERI ISKANDAR BIN TUNKU TAN SRI ABDULLAH View Detail
03-May-2007 03-May-2007 RESIGNATION Executive Director CHAN SANG WHYE View Detail
13-Dec-2005 13-Dec-2005 APPOINTMENT Director DATO' ZULKIFLY @ SOFI BIN HAJI MUSTAPHA View Detail
07-Oct-2005 07-Oct-2005 VACATION OF OFFICE Non-Executive Director DATO' ZULKIFLY@ SOFI BIN HJ MUSTAPHA View Detail
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mf Dow Jones 26,501.60 -157.51 0.59%
Nasdaq 10,911.59 -274.002 2.45%
01/11/2020 2:34 PM
tkl88 Wow, Superb Good news !
Covid-19=>Malaysia’s recovery on track !
Furthermore next week is budget 2021 week and US presidential election will be over next week Wednessday !
So, next week start onwards will be the bull market for world stock markets including Malaysia’s KLSE !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 12:37 AM
tkl88 Wow, Amazing !
Damn hot man LSTEEL today ! What happend ?
Now LSTEEL already traded at 0.47 (+0.03) (+6.8 %) !
Today LSTEEL probably will be closed at 0.70 (+0.26) (+59.1 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 9:48 AM
tkl88 Wow, Fantastic !
Now LSTEEL already traded at 0.475 (+0.035) (+8.0 %) !
Like that today LSTEEL definitely can closed at 0.70 (+0.26) (+59.1 %) already liao lah !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 10:25 AM
tkl88 Wow, Awsome !
Now LSTEEL already traded at 0.48 (+0.04) (+9.1 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 10:28 AM
tkl88 Wow, fabolous !
Now LSTEEL already traded at 0.485 (+0.045) (+10.2 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 10:30 AM
tkl88 Wow, marvellous !
Now LSTEEL already traded at 0.49 (+0.05) (+11.4 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 10:33 AM
tkl88 Wow, magnificent !
Now LSTEE already traded at 0.495 (+0.055) (+12.5 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 10:36 AM
tkl88 Wow, impressive !
Now LSTEEL already traded at 0.50 (+0.06) (+13.6 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 10:41 AM
tkl88 Wow, wonderfull !
Now LSTEEL already traded at 0.515 (+0.075) (+17.1 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 10:44 AM
tkl88 Wow, splendid !
Now LSTEEL already traded at 0.52 (+0.08) (+18.2 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 10:46 AM
tkl88 Wow, tremendous !
Now LSTEEL already traded at 0.525 (+0.085) (+19.3 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 3:10 PM
tkl88 Wow, excellent !
Now LSTEEL already traded at 0.53 (+0.09) (+20.5 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
02/11/2020 3:11 PM
tkl88 The Dow and S&P 500 zoom higher as Wall Street predicts Joe Biden will win
By Anneken Tappe, CNN Business

Updated 1942 GMT (0342 HKT) November 2, 2020
https://edition.cnn.com/2020/11/02/investing/dow-stock-market-election/index.html

New York (CNN Business)The Dow and S&P 500 were up on Monday, one day before Election Day, when Wall Street expects Joe Biden will win the presidency and Democrats will retake the Senate and maintain control of the House.

Stocks opened sharply higher before encountering some volatility and paring some gains.
The Dow (INDU) was still up 1.4%, or some 360 points, mid-afternoon. At its high point, the index gained more than 500 points. The broader S&P 500 (SPX) was up 0.9%.
Both benchmarks are retracing some of their losses from last week, when they recorded their worst week since March.
Meanwhile, the Nasdaq Composite (COMP) reversed its earlier gains and fell 0.2% in mid-afternoon trade.
Although stocks typically favor Republican policies, investors are eager for more fiscal stimulus, that will buoy an economy headed south once again as coronavirus cases soar. Investors predict a "blue wave" would lift the chances of a comprehensive stimulus deal getting passed in the winter.
03/11/2020 6:56 AM
tkl88 A Biden win would also likely mean less news and headline risk for stocks in the term to come, investors believe.
"If the polls are roughly right, Joe Biden is going to win the election comfortably and we will know that before midnight tomorrow," said Andy Laperriere and Don Schneider at Cornerstone Macro.
Even if the polls are wrong, the evidence is still pointing to a Biden victory, they added. Prediction market PredictIt puts a Biden win at 65%.
"We have been emphasizing that the Senate outcome is important for the trajectory of fiscal policy," said Citi economist Andrew Hollenhorst in a note to clients, even though neither party is likely to get a filibuster-proof majority so bipartisan cooperation could still be needed for the next stimulus bill.
"Under any election scenario we expect a $1.5 trillion plus fiscal package, possibly as early as just post-election," Hollenhorst said.
Congress has been stuck on negotiating a second stimulus deal since the summer. Investors have been waiting for results, getting jumpy at any headlines about the progress. What this really tells us is that markets believe the US economy needs more help getting back on track as the effects of the CARES Act are running out.
So far the economy's improvements have been rather uneven. For example, millions of jobs have been added back since the spring lockdown, but the economy is still down more than 10 million jobs from February.
Millions of Americans still need government benefits to make ends meet, and that's bad news because the US economy relies heavily on consumer spending.
Analysts at Goldman Sachs (GS) expect consumer spending to wane in the coming months because of the Covid-19 resurgence is keeping people at home and any new stimulus package will probably take until 2021 to kick in.
And as if this election and its repercussions weren't enough for investors to think about, the week is also filled with important economic reports, including the October jobs report.
On Monday, the Institute for Supply Management reported that America's factories did better than economists had predicted in October. The sector's purchasing managers' index rose to 59.3 points from 55.4 points in September, its highest level since September 2018. Any value over 50 denotes an growth in the sector.
03/11/2020 6:57 AM
tkl88 Wow, Amazing !
Damn hot man LSTEEL today ! What happend ?
Now LSTEEL already traded at 0.53 (+0.015) (+2.9 %) !
Today LSTEEL probably will be closed at 0.80 (+0.285) (+55.3 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
03/11/2020 9:02 AM
tkl88 Wow, Fantastic !
Now LSTEEL already traded at 0.535 (+0.02) (+3.9 %) !
Like that today LSTEEL definitely can closed at 0.80 (+0.285) (+55.3 %) already liao lah !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
03/11/2020 9:05 AM
tkl88 Wow, Awsome !
Now LSTEEL already traded at 0.545 (+0.03) (+5.8 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
03/11/2020 9:08 AM
tkl88 Wow, fabolous !
Now LSTEEL already traded at 0.55 (+0.035) (+6.8 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
03/11/2020 9:10 AM
tkl88 Wow, oil price continue to spike up !
As at 6.10pm,
Nymex at => $38.25 (+1.44) (+3.91 percent)
Brent at => $40.36 (+1.39) (+3.57 percent)

Huat ah ! Heng ah ! Ong ah !
03/11/2020 6:13 PM
tkl88 Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06 percent) !
World stocks super bull market is coming !
04/11/2020 6:58 AM
tkl88 Latest US election update !
As at 12.25pm,
Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes,
Joe Biden just need only another 61 votes then will won the US election !

Huat ah ! Heng ah ! Ong ah !
04/11/2020 12:40 PM
tkl88 Wow, Amazing !
Damn hot man Lionind today ! What happend ?
Now Lionind already traded at 0.27 (+0.01) (+3.9 %) !
Today Lionind probably will be closed at 0.55 (+0.29) (+111.5 %) !
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
05/11/2020 10:19 AM
tkl88 Wow, Fantastic !
Now Lionind already traded at 0.275 (+0.015) (+5.8 %) !
Like that today Lionind definitely can closed at 0.55 (+0.29) (+111.5 %) already liao lah !
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
05/11/2020 10:20 AM
tkl88 Wow, Amazing !
Damn hot man Lionind today ! What happend ?
Now Lionind already traded at 0.30 (+0.025) (+9.1 %) !
Today Lionind probably will be closed at 0.55 (+0.275) (+100 %) !
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
06/11/2020 2:48 PM
tkl88 Wow, Fantastic !
Now Lionind already traded at 0.305 (+0.03) (+10.1 %) !
Like that today Lionind definitely can closed at 0.55 (+0.275) (+100 %) already liao lah !
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
06/11/2020 2:55 PM
tkl88 Superb good news !

Biden Wins Presidency, Ending Four Tumultuous Years Under Trump
https://www.google.com.my/amp/s/www.nytimes.com/2020/11/07/us/politics/biden-election.amp.html

By Jonathan Martin and Alexander Burns
* Nov. 7, 2020
Updated 12:48 p.m. ET

Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.

Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House.
Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century.
The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president.
With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.
08/11/2020 2:37 AM
tkl88 Like that next Monday onwards world stock markets including our KLSE will spike up like mad already !

Huat ah ! Heng ah ! Ong ah !
08/11/2020 3:16 AM
tkl88 President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
09/11/2020 2:24 PM
tkl88 As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !
09/11/2020 2:24 PM
tkl88 Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 percent)
Brent at => $42.77 (+3.32) (+8.42 percent)

Huat ah ! Heng ah ! Ong ah !
09/11/2020 10:36 PM
tkl88 Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.
09/11/2020 11:14 PM
tkl88 Walaoeh, Dow Jones spike up to sky high !
As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !
10/11/2020 12:45 AM
tkl88 Walaoeh, Dow Jones continue it’s bull run !
Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 %) !

Huat ah ! Heng ah ! Ong ah !
11/11/2020 8:02 AM
tkl88 Wow, Amazing !
Damn hot man Mycron today ! What happend ?
Now Mycron already traded at 0.275 (+0.02) (+7.8 %) !
Today Mycron probably will be closed at 0.55 (+0.295) (+115.7 %) !
Keep it up Mycron !

Huat ah ! Heng ah ! Ong ah !
11/11/2020 4:27 PM
tkl88 Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 %)
Brent => $45.16 ‪(+1.55) (+3.55 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬
11/11/2020 7:14 PM
tkl88 Wow, Amazing !
Damn hot man Melewar today ! What happend ?
Melewar closed at 0.265 (+0.045) (+20.5 %) !
Next Monday Melewar probably will be opened at 0.30 (+0.035) (+13.2 %)
and closed at 0.35 (+0.085) (+32.1 %) !
Keep it up Melewar !

Huat ah ! Heng ah ! Ong ah !
13/11/2020 5:18 PM
tkl88 Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 percent)
Huat ah ! Heng ah ! Ong ah !
17/11/2020 7:38 AM
tkl88 Malaysia in deal with China for Covid-19 vaccine development
PUBLISHED : 18 NOV 2020 AT 19:40
WRITER: REUTERS

https://www.bangkokpost.com/world/2021843/malaysia-in-deal-with-china-for-covid-19-vaccine-development

KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.

Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement.
Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.

Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.

"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.
20/11/2020 6:52 AM
tkl88 Khairy: Malaysia to pay RM94mil upfront for vaccine under Covax plan

* NATION
* Thursday, 19 Nov 2020 
10:53 AM MYT By MARTIN CARVALHO, RAHIMY RAHIM and TARRENCE TAN
20/11/2020 8:28 AM
tkl88 https://www.thestar.com.my/news/nation/2020/11/19/khairy-malaysia-to-pay-upfront-rm94mil-for-vaccine-under-covax-plan
20/11/2020 8:28 AM
tkl88 Wow, Amazing !
Damn hot man Masteel today ! What happend ?
Now Masteel already traded at 0.35 (+0.025) (+7.7 %) !
Today Masteel probably will be closed at 0.60 (+0.275) (+84.6 %) !
Keep it up Masteel !

Huat ah ! Heng ah ! Ong ah !
23/11/2020 9:51 AM
tkl88 Wow, Fantastic !
Now Masteel already traded at 0.355 (+0.03) (+9.2 %) !
Like that today Masteel definitely can closed at 0.60 (+0.275) (+84.6 %) already liao lah !
Keep it up Masteel !

Huat ah ! Heng ah ! Ong ah !
23/11/2020 9:56 AM
tkl88 Wow, Awsome !
Now Masteel already traded at 0.36 (+0.035) (+10.8 %) !
Keep it up Masteel !

Huat ah ! Heng ah ! Ong ah !
23/11/2020 10:05 AM
tkl88 Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 ‪(+1.89) (+4.39 percent )‬
Brent=> $47.77 ‪ (+1.73) (+3.76 percent)‬
25/11/2020 6:45 AM
tkl88 Walaoeh, Dow Jones continue it’s bull run !‬
Dow Jones closed at=> 30,046.24 (+454.97) (+1.54 %) !

Huat ah ! Heng ah ! Ong ah !
25/11/2020 7:29 AM
tkl88 Budget 2021 approved by Dewan Rakyat

Ahmad Naqib Idris/theedgemarkets.com
November 26, 2020 15:32 pm +08
https://www.theedgemarkets.com/article/budget-2021-approved-dewan-rakyat
26/11/2020 8:27 PM
tkl88 KUALA LUMPUR (Nov 26): After a heated session during Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz’s wrapping-up speech on Budget 2021, the bill was approved at the policy stage.
Towards the end of the session, Dewan Rakyat Speaker Datuk Azhar Azizan Harun asked for a show of hands of those for and against the budget, and decided that there were more Members of Parliament (MPs) who agreed with the budget, although Pokok Sena MP Datuk Mahfuz Omar interjected and motioned for a tally of the votes.
However, this required 15 MPs to support the call for a tally. Only 13 stood up in support of the tally, according to the Speaker.
“There are fewer than 15 people [supporting the call for a tally]. There are more voices [in agreement with the budget]. The bill will see its second reading now,” he said.
The wrap-up by the minister was a heated one as ruling and opposition MPs furiously interjected for clarifications of certain issues, including the expansion of the Employees Provident Fund's (EPF) i-Sinar facility to include those receiving pay cuts due to the Covid-19 pandemic.
Subang MP Wong Chen claimed that the EPF’s inflows amount to no more than RM20 billion per year, and therefore could not cover the total increased allocation of RM70 billion for the i-Sinar facility.
“Where is the EPF going to find the extra RM50 billion? Are they going to sell their shareholdings in listed companies on Bursa Malaysia? If this hits the headlines tomorrow, we will have a big problem,” he said.
However, Tengku Zafrul clarified that the EPF is seeing inflows of RM80 billion per year, adding that the Ministry of Finance (MoF) had looked into the matter.
“I would like to correct the facts. We conducted a detailed analysis of this for over a week. Actually, the inflows are not RM20 billion, RM30 billion or RM40 billion. It is RM80 billion per year,” responded the minister.
Following that, Wong pointed out that withdrawals by contributors, amounting to RM40 billion to RM50 billion per year, had to be taken into account as well — before his microphone was muted by the Speaker.
The session quickly devolved into a shouting match among the MPs, which resulted in intermittent muting of the MPs’ microphones by a visibly irritated Speaker.
“This is embarrassing behaviour. We are debating on the budget and this is how we are behaving? The rakyat are watching all of us here!” he said.
Other points mentioned during Tengku Zafrul's speech included a reduction in allocation for the Special Affairs Department (JASA) to make way for increases in other allocations, although he did not elaborate.
On the various proposals for a further extension of the loan moratorium, he said all who are eligible — whether they are in the B40, M40 or T20 category — will be able to request for various forms of assistance, which also include reducing or rescheduling loan repayments, from their respective banks.
26/11/2020 8:27 PM
Survivor13 yes, budget approved.
https://www.mida.gov.my/home/10743/news/white-paper-on-ironsteel-sector-to-be-ready-by-year-end-says-azmin/

mycron was named in the white paper. Its time to pick up mycron. go go go.
27/11/2020 8:19 AM
tkl88 Wow, Amazing !
Damn hot man Masteel today ! What happend ?
Now Masteel already traded at 0.395 (+0.022) (+5.3 %) !
Today Masteel probably will be closed at 0.60 (+0.225) (+60% %) !
Keep it up Masteel !

Huat ah ! Heng ah ! Ong ah !
30/11/2020 9:11 AM


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