It seems that Mahathir will not let Anwar takes over and now using DAP as the reason of break-up.
My prediction:
Mahathir will leave PH and may form new government with Azmin, GPS (Sarawak), Warisan, PAS and BN-UMNO (minus Najib, Zahid and maybe Khairy). Who will be Deputy PM, definitely not Azmin, maybe from UMNO?
Parliament seats
Bersatu=26, Azmin=15 (estimate), GPS=18, Warisan=10(UPKO), PAS=18,BN UMNO=25(estimate)
Total=112
Interesting to see who will AMANAH (11) supports?

Turun naik tukaran matawang bergantung kepada keadaan pasaran dunia (dan situasi seperti trade war sekarang) . Pada Jan 2017 sebagai contoh, kadar tukaran ringgit pernah menjangkau RM4.5 for US$1.
Contoh seperti kadar tukaran China Yuan sekarang ialah CNY6.9 for US$1 dan kadar hampir sama pada Jan 2017 iaitu CNY7 for US$1. Jadi tak mungkin kita kata Presiden China tu bodoh sebab nak lawan trade war dengan US.

Hashim Rizz Now ..Rm 4.20 for $1.usd Malaysia baru , menteri bodoh.
25/05/2019 7:37 AM

SaveMsiaFromPHGov
The money was from 1MDB as the prince was from PetroSaudi company. See link below
https://www.malaysiakini.com/news/400873
Not sure why you still used 1MDB as PH slander and lies. Now Rakyat especially Malays going back to UMNO-PAS because they believe Islam (and Royalty) is under threat and only UMNO-PAS can save them.

SaveMsiaFromPHGov
AmBank branch manager confirms in court that big money in Najib's account came from Saudi Arabia

https://www.thestar.com.my/news/nation/2019/04/29/najib-src-trial-some...

Now it's proven. PH gov won GE14 on absolute slander, lies & defamation.
30/04/2019 5:51 AM

Ministry should publish eateries and restaurants that increase the price after zero rated GST. We, as consumer can boycott them. Eventually the prices will come down to parity. For me, not really a regular customer of mamak restaurants as I found that their prices are not standardize. For example, the selling price of roti canai can be from RM1.00 to RM1.50. They said depend on size/weight but really I cannot see the difference. Well I always choose the cheapest one.

Well, I support TM. I subscribe to UNIFI...

DreamSorcerer
I am old enough in 1998 during Reformasi era. Just finished my Uni study. I don't believe any of Anwar's sodomy cases. However during that time our country in recession and I support Tun M in 1999 election. Even after Tun M stepped down I still voted for BN in 2004 (during Badawi time). Only in 2008 & 2013, I voted for PR (Pakatan Rakyat). Why, because I want to see 2-party system in Malaysia. I thought I'll never experienced it but here we are, change of government in 2018.
So why you say 1MDB is manufactured against Najib? If Najib-BN had won the election, do you think Najib will repent? I've been following 1MDB since it was first brought out by opposition and initially I thought it was just some scandal trumped up to gain support. But with mounting evidences, unbelievable statements made by Najib+gangs, prosecution by Najib-gangs on the personnel involved and many more irrational actions and laws just to silence the 1MDB issue, it clear to me that 1MDB is colossal and a con job. That is why I research and gain understanding on this 1MDB. If you want debate like DreamWarrior (not sure if you are the same person), you are welcome.


Posted by DreamSorcerer > Jun 27, 2018 12:06 PM | Report Abuse

Posted by ABCnewbie > Jun 27, 2018 11:55 AM | Report Abuse

Haha. I love it when people talking about Najib scandal-1MDB. See how much Najib had in his linked residences. Crazy total amount of cash and goods!! Almost 1 billion ringgit...
https://www.thestar.com.my/news/nation/2018/06/27/amar-singh-pc-1mdb/
_______________________________________________________________________

Big deal. In our place, when you're a politician fallen from high power, anything can be done to implicate you in some ridiculous 'crime'.

I don't know how old you are, and if you hv any recollection of the time Anwar was sacked by TM in 1998, and the sordidest of stories very likely made up to nail him that time. Including the appalling homo stuff purportedly involving him and (1) Azizah's personal chauffeur; (2) an Indonesian fashion-designer foster brother boarding at their home; and (3) a 40 year old Pakistani journalist cum speech writer friend of Anwar.


Yep, any BS can be manufactured to get a fallen foe.

Haha. I love it when people talking about Najib scandal-1MDB. See how much Najib had in his linked residences. Crazy total amount of cash and goods!! Almost 1 billion ringgit...
https://www.thestar.com.my/news/nation/2018/06/27/amar-singh-pc-1mdb/

Who is the mastermind? Rosmah, Jho Low or Najib? Well, frankly all of them.

DreamWarrior
Still unable to come to term that 1MDB is the biggest con job by Najib administration? Still dreaming? Hello, Malaysia lost billions already and all you can say this is to badmouth Najib. Please show what Najib said or evidence on 1MDB that you found worth to debate (even Arul Kanda's statements). I am willing to start new forum should you need to.

Posted by DreamWarrior > Jun 25, 2018 07:47 PM | Report Abuse

Posted by ABCnewbie > Jun 25, 2018 05:37 PM | Report Abuse

1MDB service debt costs over the next 5 years. If Malaysia is under previous government, do you think this news will be published?
http://klse.i3investor.com/blogs/savemalaysia/162657.jsp
___________________________________________________________________

Why wud & why shud it be published, if all that it intended was quite obviously to badmouth Ah Jib & his administration, to do the maximum damage.

1MDB service debt costs over the next 5 years. If Malaysia is under previous government, do you think this news will be published?
http://klse.i3investor.com/blogs/savemalaysia/162657.jsp

It seems that majority who "invest" in Bursa support the debt data announced by previous government as "true" and transparent for the sake of the market. Quite sad to see this type of attitude.
Just to recap. Malaysia debt obligation (all guaranteed debt included) total is 1.214 trillion ringgit. You can check The Edge Jun 14 Cover story.
http://www.theedgemarkets.com/article/cover-story-theres-more-malaysias-rm1-trillion-debt-burden

To all who talk about asset as ability to pay debt. What is the difference between Najib's rationalisation plan on 1MDB?

My take on this debt issue:
1) To define all liabilities which require payments of principal and interest (short term and long term)
2) To ensure ability to pay (based on revenues collected).
If you look at BNM table, it is just data. So that's why Moody or any other analyst will try to interpret and give their opinions. However based on recent history, those opinions either biased or way of the accurate assessments. So Finance Ministry should look into re-define the above and report separately from BNM (since BNM is independent from government).
It is paramount for any government to be honest and transparent on the debt. If they only give simple assessment (like the debt is way below 55% threshold), it will be very misleading and the consequences will be catastrophic. In 2017, Malaysia paid 28.9 billion ringgit in service debt charges! (In 2018, projected to reach 30.9 billion ringgit)
So the main task is to ensure reduction of debt and the service debt charges will not increase the budget deficit. Malaysia should avoid deficits in favor of a balanced budget policy. Take note that previous government always used “fiscal deficit”. (A fiscal deficit occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings. Deficit differs from debt, which is an accumulation of yearly deficits)
I am waiting for new government budget to see if they look into balanced budget and reduction of debt. Be transparent on the soft loan from Japan if it is used to pay the existing debt and how much is the reduction of the service debt charges! Previous government policy of increasing debt and using fiscal deficit to “hide” the debt borrowing must be stopped.

And lastly, see BNM latest report (Jun 2018) below:

Central Government Debt (Q1/2018)
Current liabilities, total RM million: 705,014
Short-term debt, RM million: 10,500
Medium-and long-term debt, RM million: 694,514

Domestic debt, RM million: 499,501
Short-term debt, RM million: 5,609
Medium and long-term debt, RM million: 493,892

External debt, RM million: 205,513
Short-term debt, RM million: 4,891
Medium and long-term debt, RM million: 200,622

External debt by currency:
RM, RM million: 189,570
USD, RM million: 10,453
Yen, RM million: 5,218
Other, RM million: 272

Debt guaranteed by Federal Government, RM million: n.a.

Gross External Debt, RM million: 893,409

Compare for 2017:
Central Government Debt
Current liabilities, total RM million: 686,838
Short-term debt, RM million: 4,500
Medium-and long-term debt, RM million: 682,338

Domestic debt, RM million: 484,084
Short-term debt, RM million: 1,169
Medium and long-term debt, RM million: 482,916

External debt, RM million: 202,753
Short-term debt, RM million: 3,331
Medium and long-term debt, RM million: 199,422

External debt by currency:
RM: RM million: 186,186
USD: RM million: 10,988
Yen: RM million: 5,286
Other: RM million: 293

Debt guaranteed by Federal Government, RM million: 238,024

Gross External Debt, RM million: 879,768

Singapore, December 13, 2017 -- Moody's Investors Service ("Moody's") says that the Government of Malaysia (A3 stable) demonstrates a relatively high but stable government and household debt burden. Malaysia is also exposed to a potential sharp and lasting negative change in external financing conditions, given the country's reliance on foreign financing. Nevertheless, its resilient economic growth, deep domestic capital markets, large international asset position and large export proceeds mitigate the sovereign's vulnerability to sudden shocks.

Moody's analysis is contained in its recently released report titled "Government of Malaysia: FAQ on credit resilience to high leverage and external vulnerability risks".

Moody's report answers the five questions below:

1) Do you expect fiscal trends to improve?

2) Do government guarantees present material contingent liability risks?

3) Is Malaysia vulnerable to external conditions?

4) Are strong growth trends likely to be sustained?

5) Does household debt present challenges to macro-financial stability and growth?

On fiscal trends, Moody's does not expect Malaysia's fiscal trends to improve significantly. The agency explains that fiscal consolidation has slowed since 2014 and absent any meaningful revenue-raising measures, further material progress is unlikely.

The deficit will narrow from 2.8% of GDP in 2018, as and when strong nominal GDP growth boosts revenues. As a result, the debt burden will likely stabilize around the current levels (50.9% of GDP in June 2017), significantly higher than the A-rated peer median of 40.5% at year-end 2016. Debt affordability will remain constrained by a narrow revenue base.

With government guarantees, Moody's says that such guarantees are unlikely to present material contingent liability risk, because they are issued through a stringent selection process and most companies that benefit from them are profitable and competently managed. At the end of 2016, the total debt of non-financial public sector corporations stood at 16.6% of GDP, two-thirds of which was guaranteed by the government.

Moody's points out that Malaysia's reserves are insufficient to meet maturing external long-term debt repayments and short-term debt. Nonetheless, a sizeable net asset position, large export proceeds, and deep domestic capital markets moderate external vulnerability.

Moody's also says that Malaysia will be able to maintain its strong growth trends. In particular, the country's highly diversified and competitive economic structure underpin stable and relatively robust growth trends that have proven to be resilient to external headwinds. The economy's long-term potential growth should stay robust at around 5.0%, which would be significantly stronger than most other A-rated sovereigns.

On the issue of whether household debt presents challenges to Malaysia's macro-financial stability and growth, Moody's says that at 84.6% of GDP at the end of September 2017, Malaysia's household debt levels — while stable — pose downside risks to growth. Nevertheless, such debt does not pose material threats to financial stability. Households have large liquid financial assets to buffer the impact of a potential shock to debt servicing capacity. Moreover, ongoing macroprudential measures will help contain potential further increases in debt.

Subscribers can access the report at:

http://www.moodys.com/viewresearchdoc.aspx?docid=PBC_1103442

Let's compare Moody reports (Dec 2017 Vs Jun 2018)

Singapore, June 13, 2018 -- Moody's Investors Service has just published a report analyzing the implications of the new Malaysian government's (A3 stable) policies on the sovereign's credit profile.

The transition of power in Malaysia — following elections in May — away from the incumbent party that led the country for more than six decades has introduced some policy uncertainty.

On the question of which of the new government's policies will affect the sovereign's credit quality, Moody's explains that, while it will examine any new policies holistically to gauge their impact on the credit profile, in the case of Malaysia, fiscal measures are a particular area of focus, given that the country's high debt burden acts as a credit constraint.

Consequently, to what extent the new government achieves fiscal deficit consolidation will be vital in gauging the eventual effects on Malaysia's fiscal metrics and credit profile.

Moody's analysis is contained in its just-released report titled "Government of Malaysia: FAQ on credit implications of the new government's policies".

On whether or not there has been a change in Moody's assessment of Malaysia's debt burden, the report says that the rating agency maintains its estimate of Malaysia's direct government debt at 50.8% of GDP in 2017. Its assessment of contingent liability risks posed by nonfinancial sector public institutions has also not changed following some statements by the new government.

However, the new administration's treatment of large infrastructure projects that may be placed under review but have benefited from government-guaranteed loans in the past, and outstanding debt from state fund, 1Malaysia Development Berhad (1MDB, unrated), will play an important role in determining risks that contingent liabilities pose to the credit profile.

As for the impact of the new government's removal of the country's goods and services tax, Moody's says that in the absence of effective compensatory fiscal measures, this development is credit negative because it increases the government's reliance on oil-related revenue and narrows the tax base. Moody's estimates that revenue lost from the scrapped tax would measure around 1.1% of GDP this year — even with some offsets — and 1.7% beyond 2018; further straining Malaysia's fiscal strength.

Moody's views the targeted reintroduction of fuel subsidies as credit negative because subsidies distort market-based pricing mechanisms, and could strain both the fiscal position and the balance of payments while raising the exposure of government revenue to oil price movements.

With regard to the growth outlook, Moody's says that the change in government will not materially alter growth trends in the near term. The removal of the goods and services tax could boost private consumption in the short term. However, a review of large infrastructure projects could also result in any pick-up in investment being more spread out than Moody's had previously anticipated.

Subscribers can access the report at:

http://www.moodys.com/viewresearchdoc.aspx?docid=PBC_1126100

I do not agree with the supposedly indoctrination of Malays based on political parties. They are concern about living costs and to the certain extent abuse of power by the elites. If PH government prioritize below:
1. To stamp out corruption
2. To lower living costs
Rakyat will be more receptive to reforms as they can see it and will reject using race, religion and royals for political survival.

Where is the announcement? Fake news?

VWWong,
I know you are voting for BN last election. Unfortunately you just have to wait for 5 more years. In the mean time, enjoy the PH government rule. Maybe you can be an advisor to BN-UMNO how to win next election. They desperately need help. It seems Najib the only vocal voice out there but no one (exception maybe others like you) will believe him. Let's see and compare financial results next year.

VWWong They can fix via setting up Harapan Fund. hahaha. What is going on with this PH government. Don't believe any politicians blindly. They have gotten themselves into the political trap of promising to remove GST. It will come back and haunt them. I am surprise the opposition didn't heckle them on this.
31/05/2018 18:43

Well, I think PH goverment will show that the GST withdrawal will not affect the 2018 budget. The deficit still at 2.8% even with less revenue. This will show that with clean and prudent management, Malaysia should be able to achieve more. I will be watching and evaluating this for the next 5 years and compare it with 2013-2017

https://klse.i3investor.com/blogs/savemalaysia/159022.jsp

Is it Astro selling the WC telecasts to RTM for 30 mil??

https://www.thestar.com.my/news/nation/2018/05/31/gobind-rm15mil-of-sponsorship-so-far-for-world-cup-telecasts

Today, Perlis mufti Mohd Asri Zainul Abidin appeared to comment on the matter via his official Facebook account, saying there was no oddity in members of the public volunteering to help the government pay down its debts.

“It is a voluntary effort. Whoever wants to, may give; whoever doesn’t want to, can let it be.

“However, what is odd and extreme is that there are those who create debt that must be borne by the public forcibly and not voluntarily. It’s even more cruel when those who took the debt to live lavishly, while the public that is bearing the debt live with burdens,” he added, without naming anyone.

Posted by Sami_Value > May 30, 2018 05:46 PM | Report Abuse

those hardcore supporters, irregardless what you leader did & you supported them, you are responsible when they become shit.

ABC, they are bloody government. They can hire white collars or economists to get advise. Don't tell me this simple thing they don't know & resorted to public donation ? they are serious in doing work or looking for popularity through social media ? You see what have they been doing over and over. It is sincere or it is for praise addiction.

Sami_Value
Am I praising them? No. I just expressed my support. And they are not even one month old yet... I am also waiting for BN to reform. But so far not hoping much

Posted by wisdomtot > May 30, 2018 05:38 PM | Report Abuse

Posted by ABCnewbie > May 30, 2018 04:31 PM | Report Abuse

You guys still support BN-UMNO (Najib and Ministers)? They probably still have more loots hidden somewhere. And they are the main reason why we have the debt. You guys can continue to glorify BN-UMNO and bad-mouth current government.
However I as a Rakyat who voted them out, can afford to contribute small ammount just to show our love to MALAYSIA. Hope our country will be stronger after this rough lesson.

Finding deficiencies with some of Harapan's actions & policies does not mean we are supporting BN-UMNO... No party is 100% correct, and no one is 100% saint..

wisdomtot
Yes, I agree. I just want to express my opinion on this hope fund.

Posted by Sami_Value > May 30, 2018 05:39 PM | Report Abuse
ABC, we cannot compare with the worst shit. why you want to compare to the shit

Sami_Value
Then what you babbling about? Give your opinion instead of bad-mouthing

Posted by Sami_Value > May 30, 2018 05:32 PM | Report Abuse

I thought I was wrong to be worried when a candidate as MoF don't know his bungalow value is entrust to handle country wealth, now I'm bloody sure I'm not wrong to have this uneasy feeling.

Sami_Value,
Najib is "better" than LGE...

Posted by Sami_Value > May 30, 2018 05:19 PM | Report Abuse

I'm just too angry to see this move. really don't know what to say.

You are seeking popularity or you are doing work ? Great leader "knows the white that is splendor, yet holds on to the black that is humble and lowly". You display non of such quality.

When you are not a government, I can accept the reason you ask for donation. You are now a government, you ask donation to solve this debt issue? common, my grandma also know how to do this la!!!!?? FFFFFFFFF

Bloody idiot. You are government, you how the key hold to manage the resources of nation & yet you resorted to donation ?!

those who think you patriotic by donating, pui! go pay your taxes & clear your PTPTN. Else, you are another attention seeking faggot addicted to social media attention.

Know the correct way to be patriotic. Stop being used by faggot politician for their political mileage.

Next election, you will know. Pui

Sami_Value
Please vote for BN next election... BN has a lot of "Great Leader". They will show us the way...

CharlesT
I support Tun M n Tun Daim to donate big big first...to set a good example
Meanwhile go after all the corrupted BN fellows
What for to ask poor rakyat to donate Rm50 or Rm100?

Say if 1M poor rakyat donate RM50 per head, its only RM50M...Ah Jib's bags for much more than that lah

CharlesT
Think about last election. Why everybody go to vote? Each one only has 1 vote but with the same determination, we managed to boot-out BN. That is the power of HOPE. We all need this now! Like I said, RM50 or whatever amount is to show love to MALAYSIA. You may not understand or just want to continue to pour cold water...

Posted by ABCnewbie > May 30, 2018 04:31 PM | Report Abuse

You guys still support BN-UMNO (Najib and Ministers)? They probably still have more loots hidden somewhere. And they are the main reason why we have the debt. You guys can continue to glorify BN-UMNO and bad-mouth current government.
However I as a Rakyat who voted them out, can afford to contribute small ammount just to show our love to MALAYSIA. Hope our country will be stronger after this rough lesson.

Answer : It's good that by switching to Pakatan, even father of all looters will be worship and all their sins forgoten! How convenient!

Winter Bear
I am supportive of current government efforts to reduce the debt and improve the livelihood of people. I am neutral, not a supporter of any party. But I support Tun M and PH last election.

You guys still support BN-UMNO (Najib and Ministers)? They probably still have more loots hidden somewhere. And they are the main reason why we have the debt. You guys can continue to glorify BN-UMNO and bad-mouth current government.
However I as a Rakyat who voted them out, can afford to contribute small ammount just to show our love to MALAYSIA. Hope our country will be stronger after this rough lesson.

Ks55, why you delete your post? Should not be afraid to continue our debate...

Ks55 Because Mahathir is shortsighted as usually! He thinks setting up another Proton is more viable!
29/05/2018 13:25

I thought we are joining Saudi Arabia (ARAMCO will be listed soon)

Posted by Ks55 > May 29, 2018 01:21 PM | Report Abuse

Posted by ABCnewbie > May 29, 2018 01:19 PM | Report Abuse

Reckless borrowing and corruption are not suicidal and idiotic?? I prefer selling 25% stake anytime..

Answer : OMG! If majority of malaysians think like you, we deserve to join Venezuela!

By Dennis Ignatius

With a new government in power, the truth about the Najib administration’s reckless spending and gross mismanagement of the nation’s finances is finally coming out – one trillion, maybe more, in debt, huge losses in one government project after another, appalling mismanagement and lack of oversight. I fear we haven’t heard the half of it.

Worse still are the megaprojects with foreign partners that can only be described as a rank betrayal of the nation’s interest.

In time, we might well come to discover that what all these projects had in common was massive corruption, that many of these initiatives were nothing more than a gigantic national feedlot scheme for corrupt politicians and their cronies to feed on public funds to their heart’s content.

If all that money had been put to productive use, we might be a fully developed country by now.

Criminal negligence

One thing is clear: if Najib had not been removed from power, he would have driven the nation to the ground. As it is, it’s going to take us a long time to dig ourselves out of the hole that he put us in. And the citizens of Malaysia are going to have to pay for it.

Of course, Najib is not the only one to blame; every last one of his cabinet ministers contributed to this disaster as did senior officials like the Chief Secretary, the Secretary-General of the Finance Ministry, the Governor of Bank Negara and the Attorney-General, among others. If they had any honour, they would have resigned by now.

Dr Mahathir and his economic team now have their work cut out for them. If anyone can turn the situation around it is Mahathir. At least we can be thankful for that.

Megaprojects galore

One of the more pressing challenges that the country now faces is the megaprojects with China and Singapore.

The RM55 billion East Coast Railway Link (ECRL) is perhaps emblematic of the way Najib worked with China. Not only did we borrow money from China to pay China to build a railway link that was both unnecessary and unviable, the terms of the contract itself were “very damaging to our economy,” as Mahathir noted after being briefed on the matter. Even the way the loan agreement was negotiated was “not normal” according to him. The final price tag for this colossal white elephant might even exceed RM92 billion we are told.

In effect, China took for itself all the benefits and left us with all the liabilities. Was this the Belt and Road Initiative or a plan to bankrupt and railroad us?

A disaster of this magnitude, of course, does not occur because of incompetence or even stupidity; such adverse and one-sided terms indicate that other factors were at play.

Mahathir has now expressed the hope that the project could be renegotiated if not cancelled entirely. The PRC ambassador to Malaysia, on the other hand, keeps insisting that “there are no changes in the ECRL project” and that everything is “running smoothly.”

The RM 110 billion Kuala Lumpur-Singapore high-speed rail (HSR) project represents another huge headache for Malaysia. Despite all the hype its just not cost-beneficial. However, as Mahathir noted, “The terms and agreement for the HSR are such that if we decide to drop the project, it would cost us a lot of money.”

Thus far, Singapore, like China, has not indicated a willingness to rethink the project. Thanks to Najib, Singapore too has us by the cojones. No wonder Singapore, like China, was rooting for Najib in the last election, preferring a weak and easily manipulatable candidate in Putrajaya to Mahathir.

Moral responsibility

In the end, we might have little choice but to abide by the terms of the contracts. However, an argument can also be made that both China and Singapore took advantage of a corrupt regime to sign projects that did not meet international standards of good governance and transparency. China, in particular, must have known that the ECRL project was suspect right from the beginning; yet, it went ahead with it. Indeed, China exploited our weaknesses to impose “unequal treaties” (as Mahathir called them) upon us.

I submit, therefore, that they have a moral responsibility to do the right thing now and cancel if not renegotiate these agreements with minimum penalty.

Hard lessons in independence

Whatever it is, we will now discover who our friends really are.

Both China and Singapore can insist on their pound of flesh and use their economic muscle to bully us into maintaining these “unequal treaties” or they can do the right thing and work with our government to find mutually acceptable solutions. They can have their pound of flesh or they can prove themselves the good neighbours they claim to be, but they can’t have both.

For Malaysia, it is a lesson, a very expensive lesson, that when we have weak and corrupt leaders, we are vulnerable to exploitation and manipulation. We must never allow ourselves to be put in this position ever again.

Dennis Ignatius is a former ambassador.

The typical price ticket is US$130? Not many will able to afford. Imagine if travelling everyday from home to workplace, what kind of salary we need. Used to travel for work to Seremban from KL, the toll and petrol around RM500 per month. Furthermore the project may not awarded to Japan but China...

We as Rakyat must always be alert that issuing Government Guarantee must stop immediately. See below statement from CEO of IDEAS (Ali Salman by FMT)
"But what is worrying is the revelation that institutions like 1MDB, Danainfra Nasional Bhd, Prasarana Malaysia Bhd, Malaysia Rail-Link Sdn Bhd and Govco Holdings Bhd need to be rescued by the finance ministry.

With the exception of 1MDB, these companies are involved in transport and infrastructure projects. There are indications that loans taken for these entities are unproductive, that they can’t recoup enough money to settle the loans.

This could lead to an increase in prices to meet the loan repayments. It could also lead to the use tax revenues for the repayments, which was what the previous administration was doing."

Foresee that he will delete this again

KillBuffet
I understand your frustation. I am not PH supporter. I only support PH because of Tun M (1MDB issue). I don't believe their 100 days promise as it is difficult to implement but I admire their courage. If successful then good for them. If not, then in 5 years time Rakyat will decide wether to continue the contract or not (Taken from Rafidah). Even if LGE is sensationalize the debt and 1MDB issues, he should know that Rakyat is watching and evaluating.

1MDB has only 1 employee. No more assets

Not sure which PC you are talking about. 1MDB debt figure always around 45 billion and during Najib as FM+PM, he never give us the exact figure. Now we know is 38 billion guaranteed by government. However the rest picture of the guaranteed debts was never publicly acknowledged by Najib. He touted that the debt was below threshold 55%. So we will never find out the actual debt if BN won GE14. The rest of companies mentioned still need to tell us if they can pay their debt or not.

Winter Bear,
I do not agree with you. At least we all now know the whole picture of the debt. It will let us dissect this info and make our judgement. Now government that transparent will benefit us all. We will then wait for their action plans and see if this debt can be reduced down the road (in 4-5 years time until next election)

See below statement from LGE
Let me take this opportunity to explain the RM1 trillion worth of liabilities as of Dec 31, 2017, as previously announced.

1. The official federal government debt is RM686.8 billion (50.8 percent of the gross domestic product, or GDP).

2. In addition, the government is already committed to paying for government guarantees for various entities that are unable to service their debts. This amounts to RM199.1 billion (14.6 percent of GDP).

The committed government guarantees would include entities such Danainfra Nasional Bhd (RM42.2 billion), Govco Holdings Bhd (RM8.8 billion), Prasarana Malaysia Bhd (RM26.6 billion), Malaysia Rail Link Sdn Bhd (RM14.5 billion) as well as an estimated RM38 billion for 1MDB.

Based on the two items above, the federal government debt would amount to RM885.9 billion. This represents the 65.4 percent of the GDP as highlighted by Prime Minister Dr Mahathir Mohamad yesterday.

3. However, in addition to the above, the federal government is also committed and obligated to make lease payments (including rental, maintenance and other charges), for a whole list of “Public-Private Partnership” (PPP) projects such as the construction of schools, hostels, roads, police stations, hospitals, et cetera. The lease commitments which were designed specifically to circumvent the federal government guarantee and debt limits amount to RM201.4 billion (14.9 percent of GDP).

Hence, the federal government debt and liabilities amount to a total of RM1,087.3 billion or 80.3 percent of the GDP as of Dec 31, 2017.

Jangan double standard. Saya sokong PH. Tapi adakah komen saya itu insulting dan tidak sopan? BN suppoters pun ada yang tidak bersopan santun dalam komen. So what say you?

Posted by anonymous > May 8, 2018 11:34 AM | Report Abuse

ph supporters are insulters, tidak sopan santun, u want follow them?

Everyone has the right to vote freely and without fear. That's the main point. We can express support to anyone but exercise your vote. Your support because of this and that will be yours alone. But KLCI King also like RPK (Raja Petra), he made his choice due to his dislike to DAP. Everyone is correct on his own world. So think for yourself. What issue (or issues) you will take as your main point? DAP/UMNO? Economy/GST? 1MDB? Or just want to change for the sake of changing? It is yours alone. Exercise your vote and wait for the results. Don't expect others to think like you and research the issue for yourself.
As I said, I support Tun M because of 1MDB not anything else.

I don't ask this question. Mine will be 1MDB. So I put my trust in Tun M to set it right.

Malaysians have their own issues to weigh-on who to vote for GE14. For me, 1MDB is main issue. I trust Tun M to set things right even though I may not agree with him many other issues.

Finally above RM3 :)

People got burned badly due to chasing high. Be careful with this stock. Still not shown any potential or improvement even with new management.

Still waiting for dividend announcement... Hope they do not delay it to next year instead

Today is a very strong buy. Seems collecting before dividend announcement. Maybe announcement by end of this week? Guess the distribution will be next month at the earliest

Lowest price target = RM 2.49
Highest price target = RM 3.64
Average target (for 4 price targets) = RM 3.09
Hope it will hit RM 3.00