1: I am sure about this
2: Likely
3: Very very likely
4: Not sure

I doubt that chaos like 13 may will happen at this present time. It's very unlikely. Only savages would jeorpardise our country's peace.

The political circumstance in Malaysia made me hate politics so much. That goes out to both sides of the coalition. Hence, I chose not to vote and work hard instead. I don't depend my life on any politicians, I work hard. To both ruling and opposition party, they should stop pointing fingers and blaming each other. but instead they should start cooperating to improve my beloved country.

"Equality does not amount to Fairness"

to be fair... I've seen racism everywhere. not only in our country. as a matter of fact, racism in the US and UK is a lot worse. I've been there done that. Being Malay myself being categorised as Oriental/Chinese made me indifferent from any of us. When I finally got home, I've met a lot of Chinese racists and even Malays. I'm tired of racism, it brings more bad than good. I have expeienced it myself and I know the feeling of being oppressed by Chinese people. We ain't no different guys.

come on guys. stop the racism here. we are all HUMAN RACE!

Malaysian populist windfall fuels debt fears

Posted on 29 April 2013 - 05:36am Print KUALA LUMPUR (April 29, 2013): It has never been more lucrative to be a voter in Malaysia, where political rivals are showering the public with cash in a desperate electoral battle, stoking concerns over rising national debt.

With May 5 elections expected to be Malaysia's closest ever, the long-ruling coalition has given billions of dollars in new cash, pay rises and other handouts to civil servants, the poor, elderly, farmers and students.

The opposition, which holds four of 13 states, has likewise made a range of state-level payouts, and promises still more perks if it wins federal power for the first time in Malaysia's 56 years of independence.

The bidding war began shortly after the opposition stung the Barisan Nasional (National Front) coalition in 2008 elections, but has spiralled of late.

"It's been a windfall for Malaysians these past five years," said Francis Loh, president of Malaysian democratic rights group Aliran.

The bonanza has seemed farcical at times.

Barisan recently denounced opposition campaign pledges as a blueprint for insolvency.

But Prime Minister Najib Razak promptly upped the ante with billions in new promises of his own -- sparking opposition outrage that he copied their ideas.

The unprecedented giveaways attest to the high stakes of an election in which a ruling elite is desperate to retain power and its rich perks, while the opposition fights to make the most of its best shot yet at governing.

But warnings are emerging that Malaysia -- which already has Southeast Asia's highest debt-to-GDP ratio, after Singapore -- is at best endangering a goal to become a "developed nation" by 2020 and at worst courting disaster.

"Today's politicians are bent on planting the seeds of an economic crisis for our children to inherit," said Wan Saiful Wan Jan, who runs the IDEAS think-tank.

If Malaysia meets financial catastrophe in the future, "economic historians may well trace back the root cause to this general election," he added.

Few analysts see an immediate threat of disaster, noting the situation can be managed if some hard post-election political choices are made.

But some say much-needed development spending could shrink further if increasingly hard-fought politics continue to trump economic planning in a country where populist subsidies have come to be expected by many voters.

Such spending fell from 28% of the 2010 budget to 20% this year.

"There is a concern if populist spending were to get in the way of infrastructure spending which will have longer-term repercussions on the economy," said Gundy Cahyadi, a Singapore-based economist with OCBC bank.

Under Barisan, resource-rich Malaysia developed into a regional economic success, enjoying decades of growth, foreign investment inflows, and rising living standards.

But lower-cost rivals China, Indonesia and others have forced a re-focusing on high-tech manufacturing and services even as critics say Malaysia's education system is failing to prepare graduates for a move up the value chain.

Economic growth was a solid 5.6% last year, but much of that is credited to election-minded deficit spending. Debt has doubled since 2007 to 53.7% of GDP.

In emailed comments to AFP, Najib said "our debt will never exceed 55% of GDP," but critics note "hidden" public debt such as state-guaranteed loans may have doubled since he took power in 2009.

Malaysia politics analyst Bridget Welsh estimates that since taking office Najib has given out US$19 billion in public funds -- US$1,400 per voter -- for "political spending" that benefits Barisan.

That is "the most ever in the lead-up to Malaysian polls" said Welsh, of Singapore Management University.

In campaign stops, Najib regularly references the largesse, telling voters to pay back it at the ballot box.

"If he wins, it will become a crutch politicians rely on, an extension of money politics," she said.

Moves by the opposition Pakatan Rakyat (People's Pact) alliance include a water subsidy in a key state won in 2008 that has drained 20% from the state's operating budget. Cash payments in Pakatan states also have grown.

If it wins federal power, it promises to make university education free, scrap various taxes and fees, and raise subsidies, moves it says will cost US$15 billion per year.

Barisan counters that they will cost US$65 billion, or 80% of today's federal budget. - AFP

they must have read the good news last weekend. :)

starting to get active

52 weeks low!

care to share flowerpower?

Let Allah be the judge. Wallahua'lam.

"arv18 Why don't you guys go to Macau and find yourselves a Syariah compliant Casino"

what are you implying?

Please enlighten me...

wahaha, so you've invested in Hibiscus before? you would have had only experience with hibiscus since that was the only SPAC before this.

there's no TP mate. it's still a shell company. wait till the acquisition has taken place.

fly fly fly

I'm not worried. In actual fact we just need to buy this counter and leave it for at least 6 months and never mind the fluctuations.

you have to consider the WA as well. for SPAC investors they are entitled to get 1 mothershare with 1 free detacheable warrant. the prices for mothershare and WA are adjusted accordingly on the first day of listing.

All the best everyone in choosing your own leaders

I'm marking your words now mate. (arv18 > Apr 10, 2013 05:19 PM)

Risk Trader - Couldn't agree more!

everyone was expecting it? its no surprise.

Dondy, we'll see about that.

Agree with Tim Yong

I like eating MAMEE, so nice!

sleep until they start drilling in June i guess.

buy both. I am accumulating Hibiscus at the same time.

I'll buy more few days before election.

Bryan - won't be selling anytime soon, don't need the money. I'll be looking at 6 months horizon. stay tuned!

0.185 WA + 0.585 = 0.77 I already made 2 cents today. It ain't that bad :)

Patthew is right, you guys will see the outcome in 6 months time. start accumulating! :)

(i) The Company must place at least 90% of the gross proceeds from its IPO in a Trust
Account immediately upon receipt of all proceeds. The monies in the Trust Account
may only be released by the Custodian upon termination of the Trust Account;
(ii) The balance of the proceeds from the IPO, being 10% of the proceeds, may be
utilised to defray expenses related to the IPO and for working capital purposes
including but not limited to operating costs, fund the search for a target company or
asset and completing the Qualifying Acquisition;

Consequently, the Public Issue Share is a compound financial instrument as defined under
MFRS 132 Financial Instruments: Presentation with a financial liability and equity
component. The financial liability component being the fair value of the 90% of the gross
proceeds, represents the Company's obligation to refund the IPO Trust Proceeds held in
the Trust Account to the IPO Investors in the event the Company fails to complete a
Qualifying Acquisition within the Permitted Timeframe.

certainly!

anbz - Hibiscus par value was also 1 cent? 0_o

this is not a goreng stock ._.

this is a medium-long term investment. now is the right time to buy and hold for at least 6 months

obviously it opens in red. the price of mothershare will be adjusted by the free WA

new 4 weeks high

I have yet to cover my cost. I am having high hopes on this counter. move along....

andychucky28 (Mar 29, 2013 02:07 PM)

"Pig is actually one of the smartest animal in the world. http://www.mnn.com/earth-matters/animals/photos/9-of-the-smartest-animals-on-earth/pigs
No wonder those whose do not consume pork are so stupid."

seriously?

don't waste your time buying this stock, no power. just concentrate on the upcoming CLIQ Energy IPO. Still have sufficient time till tomorrow.

can reach rm10?

too bad. they should stop investing in Africa. then problems will be solved

applying now

anyone can assist me with my enquiry pertaining to the above matter?

Thank you New Insight Sabah for the comprehensive explanation. I have another question, as Malaysia being the largest Sukuk (Bond) issuers in the world (69% out of the total sukuk issuances), Subscribers are mostly from foreign investors. Does the outstanding bond affect our beloved country's indebtness? appreciate your advice.

http://www.businessinsider.com/debt-gdp-world-rankings-2011-04?op=1

can anyone clarify this? if we were to compare with Singapore, their debt to GDP ratio is 102.4% where else Malaysia is 53%

I'm no expert but I do understand what that ratio meant. Please advise.

Yes. Outlook for Cliq Energy might not be that good considering the market condition right now. Listing price might be below .75, might as well just buy at the market.

regret for buying this stock. have made a big loss.... sigh

still no movement even after acquisition.