Highlights
KLSE: AMBANK (1015)       AMMB HOLDINGS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
3.45   +0.02 (0.58%)  3.38 - 3.47  3,357,000
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Ann. Date Name Details of Changes Securities After Change View
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
26-Dec-2012 TAN SRI AZMAN HASHIM 20-Dec-2012 Acquired 1,839,701 0.000 0.00 0.00 0.00 View Detail
10-Apr-2012 ASHOK RAMAMURTHY 05-Apr-2012 Acquired 160,550 0.000 0.01 0.00 0.01 View Detail
11-Mar-2010 DATO' IZHAM BIN MAHMUD 05-Mar-2010 Acquired 17,000 4.832 0.00 0.00 0.00 View Detail
24-Nov-2009 DATO' AZLAN HASHIM 23-Nov-2009 Acquired 100 0.000 0.00 0.00 0.00 View Detail
13-Nov-2009 TAN SRI DATO' MOHD IBRAHIM BIN MOHD ZAIN 11-Nov-2009 Acquired 100,000 0.000 0.00 0.00 0.00 View Detail
08-Oct-2009 TAN SRI DATO' MOHD IBRAHIM BIN MOHD ZAIN 25-Sep-2009 Acquired 100,000 0.000 0.00 0.00 0.00 View Detail
06-Feb-2008 DATO' IZHAM BIN MAHMUD 09-Jan-2008 Acquired 2,330 0.000 0.00 0.00 0.00 View Detail
22-Jan-2008 CHEAH TEK KUANG 09-Jan-2008 Acquired 8,811 0.000 0.00 0.00 0.00 View Detail
21-Jan-2008 TAN SRI DATO' AZMAN HASHIM 09-Jan-2008 Acquired 53,350,147 0.000 0.00 0.00 0.00 View Detail
18-Jan-2008 DATO' AZLAN HASHIM 14-Jan-2008 Acquired 20,000 0.000 0.00 0.00 0.00 View Detail
07-Dec-2007 TAN SRI DATO' AZMAN HASHIM 30-Nov-2007 Acquired 40,602,771 0.000 0.00 0.00 0.00 View Detail
05-Dec-2007 MR CHEAH TEK KUANG 30-Nov-2007 Acquired 46,189 0.000 0.00 0.00 0.00 View Detail
29-Nov-2007 TAN SRI DATO' AZMAN HASHIM 23-Nov-2007 Acquired 470,000 0.000 0.00 0.00 0.00 View Detail
29-Nov-2007 DATO' AZLAN HASHIM 28-Nov-2007 Acquired 40,000 0.000 0.00 0.00 0.00 View Detail
28-Sep-2007 DATO' AZLAN HASHIM 27-Sep-2007 Acquired 20,000 0.000 0.00 0.00 0.00 View Detail
02-Jul-2007 DATO' AZLAN HASHIM 29-Jun-2007 Acquired 10,000 0.000 0.00 0.00 0.00 View Detail
14-Sep-2006 DATO' AZLAN HASHIM 13-Sep-2006 Acquired 69 0.000 0.00 0.00 0.00 View Detail
14-Sep-2006 DATO' AZLAN HASHIM 12-Sep-2006 Acquired 6,600 0.000 0.00 0.00 0.00 View Detail
14-Sep-2006 DATO' AZLAN HASHIM 07-Sep-2006 Acquired 750,000 0.000 0.00 0.00 0.00 View Detail
19-Aug-2005 TAN SRI DATO' AZMAN HASHIM 12-Aug-2005 Acquired 5,000,000 0.000 0.00 0.00 0.00 View Detail
29-Jun-2005 TAN SRI DATO' AZMAN HASHIM 22-Jun-2005 Acquired 8,000,000 0.000 0.00 0.00 0.00 View Detail
01-Apr-2005 TAN SRI DATO' AZMAN HASHIM 18-Mar-2005 Acquired 32,905,365 0.000 0.00 0.00 0.00 View Detail
29-Mar-2005 TAN SRI DATO' AZMAN HASHIM 15-Mar-2005 Acquired 69,260,231 0.000 0.00 0.00 0.00 View Detail
11-Jan-2005 TAN SRI DATO' AZMAN HASHIM 06-Jan-2005 Acquired 665,100 0.000 0.00 0.00 0.00 View Detail
09-Dec-2003 TAN SRI DATO' AZMAN HASHIM 27-Nov-2003 Acquired 4,991,243 0.000 0.00 0.00 0.00 View Detail
23-Oct-2003 TAN SRI DATO' AZMAN HASHIM 10-Oct-2003 Acquired 14,500,000 0.000 0.00 0.00 0.00 View Detail
06-May-2003 PROF. TAN SRI DATO' DR. MOHD RASHDAN BIN HJ. BABA 20-Mar-2003 Acquired 16,000 0.000 0.00 0.00 0.00 View Detail
21-Apr-2003 DATO' MALEK MERICAN 04-Jul-2002 Acquired 40 0.000 0.00 0.00 0.00 View Detail
01-Apr-2003 TAN SRI DATO' AZMAN HASHIM 27-Mar-2003 Acquired 8,000,000 0.000 0.00 0.00 0.00 View Detail
17-Feb-2003 TAN SRI DATO' AZMAN HASHIM 13-Feb-2003 Acquired 3,609,375 0.000 0.00 0.00 0.00 View Detail
16-Oct-2002 DATO' MALEK MERICAN 30-Sep-2002 Acquired 73,000 0.000 0.00 0.00 0.00 View Detail
16-Oct-2002 DATO' MALEK MERICAN 27-Sep-2002 Acquired 77,000 0.000 0.00 0.00 0.00 View Detail
16-Oct-2002 DATO' MALEK MERICAN 26-Sep-2002 Acquired 50,000 0.000 0.00 0.00 0.00 View Detail
24-May-2002 PROF. TAN SRI DATO' DR MOHD RASHDAN BIN HJ. BABA 10-May-2002 Acquired 5,381 0.000 0.00 0.00 0.00 View Detail
22-May-2002 TAN SRI DATO' AZMAN HASHIM 10-May-2002 Acquired 18,420,606 0.000 0.00 0.00 0.00 View Detail
20-May-2002 DATO' MOHD TAHIR BIN ABDUL RAHIM 10-May-2002 Acquired 3,281 0.000 0.00 0.00 0.00 View Detail
15-May-2002 DATO' MALEK MERICAN 10-May-2002 Acquired 17,937 0.000 0.00 0.00 0.00 View Detail
15-May-2002 DATO' MALEK MERICAN 10-May-2002 Acquired 11,659 0.000 0.00 0.00 0.00 View Detail
14-Nov-2000 PROF. TAN SRI DATO' DR MOHD RASHDAN B HAJI BABA 30-Oct-2000 Acquired 6,000 0.000 0.00 0.00 0.00 View Detail
14-Nov-2000 PROF. TAN SRI DATO' DR MOHD RASHDAN B HAJI BABA 30-Oct-2000 Acquired 60,000 0.000 0.00 0.00 0.00 View Detail
14-Nov-2000 DATO' MALEK MERICAN 30-Oct-2000 Acquired 20,000 0.000 0.00 0.00 0.00 View Detail
14-Nov-2000 DATO' MALEK MERICAN 30-Oct-2000 Acquired 9,998 0.000 0.00 0.00 0.00 View Detail
14-Nov-2000 DATO' MALEK MERICAN 30-Oct-2000 Acquired 12,998 0.000 0.00 0.00 0.00 View Detail
08-Nov-2000 ENCIK AZLAN BIN MOHD ZAINOL 30-Oct-2000 Acquired 100,000 0.000 0.00 0.00 0.00 View Detail
03-Nov-2000 MR CHEAH TEK KUANG 30-Oct-2000 Acquired 58,600 0.000 0.00 0.00 0.00 View Detail
03-Nov-2000 DATO' MOHD TAHIR BIN ABDUL RAHIM 30-Oct-2000 Acquired 36,590 0.000 0.00 0.00 0.00 View Detail
03-Nov-2000 DATO' MOHD TAHIR BIN ABDUL RAHIM 30-Oct-2000 Acquired 3,659 0.000 0.00 0.00 0.00 View Detail
03-Nov-2000 TAN SRI DATO' AZMAN HASHIM 11-Oct-2000 Acquired 1,017,982 0.000 0.00 0.00 0.00 View Detail
27-Oct-2000 TAN SRI DATO' AZMAN HASHIM 11-Oct-2000 Acquired 334,738 0.000 0.00 0.00 0.00 View Detail
29-Aug-2000 ENCIK AZLAN BIN MOHD ZAINOL 08-Aug-2000 Acquired 80,000 0.000 0.00 0.00 0.00 View Detail
31-May-2000 DATO' MALEK MERICAN 22-Nov-1999 Acquired 636 0.000 0.00 0.00 0.00 View Detail
30-May-2000 MR CHEAH TEK KUANG 25-May-2000 Acquired 30,000 0.000 0.00 0.00 0.00 View Detail
23-Dec-1999 DATO' MALEK MERICAN 22-Nov-1999 Acquired 1,544 0.000 0.00 0.00 0.00 View Detail
16-Dec-1999 DATO' MALEK MERICAN 22-Nov-1999 Acquired 7,818 0.000 0.00 0.00 0.00 View Detail
15-Dec-1999 DATO' MOHD TAHIR BIN ABDUL RAHIM 22-Nov-1999 Acquired 1,590 0.000 0.00 0.00 0.00 View Detail
06-Dec-1999 MR CHEAH TEK KUANG 22-Nov-1999 Acquired 2,000 0.000 0.00 0.00 0.00 View Detail
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  8 people like this.
 
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 2:10 AM
tkl88 Biden victory !
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 8:41 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 !
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 2:28 PM
tkl88 Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 %)
Brent at => $42.77 (+3.32) (+8.42 %)

Huat ah ! Heng ah ! Ong ah !
09/11/2020 10:03 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 11:11 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 12:16 AM
tkl88 Wow, Amazing !
Damn hot man AMBANK today ! What happend ?
Now AMBANK already traded at 3.08 (+0.06) (+2.0 %) !
Today AMBANK probably will be closed at 3.60 (+0.58) (+19.2 %) !
Keep it up AMBANK !

Huat ah ! Heng ah ! Ong ah !
10/11/2020 9:46 AM
signalmw All in
10/11/2020 10:12 AM
satt1984 Why close so low only...up 3%....can up 20% boh
10/11/2020 11:33 PM
tkl88 Wow, oil price continue to spike up !
As at 1.20am,
Nymex=> $41.29 ‪(+1.00) (+2.48 %)‬
Brent => $43.44 ‪ (+1.04) (+2.45 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬
11/11/2020 1:32 AM
tkl88 Walaoeh, Dow Jones continue it’s bull run ! Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 percent) !
Huat ah ! Heng ah ! Ong ah !
11/11/2020 7:51 AM
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 7:21 PM
tkl88 Wow, Amazing !
Damn hot man AMBANK today ! What happend ?
Now AMBANK already traded at 3.17 (+0.03) (+1.0 %) !
Today AMBANK probably will be closed at 3.60 (+0.46) (+14.6 %) !
Keep it up AMBANK !

Huat ah ! Heng ah ! Ong ah !
12/11/2020 10:35 AM
tkl88 Wow, Fantastic !
Now AMBANK already traded at 3.18 (+0.04) (+1.3 %) !
Like that today AMBANK definitely can closed at 3.60 (+0.46) (+14.6 %) already liao lah !
Keep it up AMBANK !

Huat ah ! Heng ah ! Ong ah !
12/11/2020 11:15 AM
Keyman188 OMG...today further uptrend again...


Where is karma + retribution sohai + dumb coward hiding !!!


So long didn't heard "are you creating panic"...."please don't spread panic"...."No hope , sell"....


Hello are you still alive !!!....Don't be coward hiding now......


Ambank Group shareholders need you now to give more & more speech...


A lot of members here still not enough accumulation......


Where is your tp 2 !!!......



Long long waiting until the neck longer than giraffe......kekeke...kekeke...
12/11/2020 2:15 PM
freedomfund UMNO-BN only support Budget 2021 if 2 conditions taken in ie banks continue moratorium Round 2 till June 2021 and EPF withdrawal. DAP also said the same for bank loan moratorium. To stay in power, Mooh may need to accept. If Round 2 moratorium, then haircut again for banks' profits. Better sell now.
12/11/2020 2:25 PM
freedomfund https://www.msn.com/en-my/news/national/announcement-on-loan-moratorium-epf-soon/ar-BB1aVn2i?ocid=msedgntp
12/11/2020 2:27 PM
freedomfund AMMB Q3-2020 is exposed to Round 1 moratorium ie Jun to Sep 2020. Q3 result will be announced soon in late Nov, will be lower because of lower loan growth and thinner NIM - Net Interest Margin due to lowering of OPR.

Recent good vaccines news will slowly die off in short term as more trials needed and months of time lag to implement. Banks will not immediately benefit from it. While non-performance loans may surface soon even with targeted moratorium.
12/11/2020 2:31 PM
tkl88 Wow, fabolous !
Now AMBANK already traded at RM3.19 (+0.05) (+1.6 %) !
Keep it up AMBANK !

Huat ah ! Heng ah ! Ong ah !
12/11/2020 3:21 PM
ahbah No wori, please.

Our mkt oredi in superbull mode lah !

Just close your eye n masuk first before U miss the boat$$$.

ok ?
12/11/2020 5:16 PM
5c0160 slowest banking counter with no rebound when mkt index getting better.
13/11/2020 1:37 PM
bose00 slow and steady la
14/11/2020 7:29 AM
tkl88 Wow, Amazing !
Damn hot man AMBANK today ! What happend ?
Now AMBANK already traded at RM3.27 (+0.06) (+1.9 %) !
Today AMBANK probably will be closed at RM3.80 (+0.59) (+18.4 %) !
Keep it up AMBANK !

Huat ah ! Heng ah ! Ong ah !
16/11/2020 9:41 AM
CSOON 77 Goods
16/11/2020 10:36 AM
tkl88 Wow, Fantastic !
Now AMBANK already traded at RM3.36 (+0.15) (+4.7 %) !
Like that today AMBANK definitely can closed at RM3.80 (+0.59) (+18.4 %) already liao lah !
Keep it up AMBANK !

Huat ah ! Heng ah ! Ong ah !
16/11/2020 12:17 PM
ppp888 Another recovery play. Buy.
16/11/2020 12:31 PM
tkl88 Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 %)

Huat ah ! Heng ah ! Ong ah !
17/11/2020 7:52 AM
tkl88 Wow, Amazing !
Damn hot man AMBANK today ! What happend ?
Now AMBANK already traded at RM3.43 (+0.06) (+1.8 %) !
Today AMBANK probably will be closed at RM4.00 (+0.63) (+18.7 %) !
Keep it up AMBANK !

Huat ah ! Heng ah ! Ong ah !
17/11/2020 9:16 AM
ppp888 Huat Huat Huat. Recovery play is on.
17/11/2020 9:25 AM
beso overheated already, take a rest. lol
17/11/2020 12:10 PM
abcd123 Ambank PE around 8 only consider low right ? TQ
17/11/2020 1:51 PM
DreamCruiser Up 0.59%
17/11/2020 1:52 PM
DreamCruiser Okay also la
17/11/2020 1:52 PM
DreamCruiser Boleh juga la
17/11/2020 1:52 PM
DreamCruiser Kasi up lagi sikit la
17/11/2020 1:52 PM
DreamCruiser Baru la sedap main
17/11/2020 1:53 PM
DreamCruiser Very good
17/11/2020 1:53 PM
DreamCruiser Excellent
17/11/2020 1:53 PM
DreamCruiser Well done
17/11/2020 1:53 PM
DreamCruiser Congratulations
17/11/2020 1:53 PM
DreamCruiser Keep improving
17/11/2020 1:54 PM
DreamCruiser Good luck
17/11/2020 1:54 PM
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
20/11/2020 7:59 AM
tkl88 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 8:00 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

https://www.thestar.com.my/news/nation/2020/11/19/khairy-malaysia-to-pay-upfront-rm94mil-for-vaccine-under-covax-plan
20/11/2020 8:38 AM
tkl88 Wow, oil price continue it’s bull run !
As at 12.30am,
Nymex=> $42.85 ‪(+0.43) (+1.01 percent)‬
Brent => $45.80 ‪(+0.73) (+1.62 percent)‬
‪Huat ah ! Heng ah ! Ong ah !‬
24/11/2020 2:29 AM
tkl88 Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 ‪(+1.89) (+4.39 %)‬
Brent=> $47.77 ‪ (+1.73) (+3.76 %)‬
25/11/2020 6:58 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 7:38 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

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 8:42 PM
5c0160 No power to go up.
27/11/2020 1:53 PM


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