After investing more than RM4 billion building up the infrastructure in the schools for the 15-year project, YTL Communications maintained it was its “legitimate expectation” that it would be given an extension of the contract into the next phase.

“We view the ministry’s actions as being in breach of their contractual obligations to us. Disappointingly, they have not acted in good faith in respect of what we have been informed and what has actually been implemented,” the 60%-owned subsidiary of YTL Power International Bhd said in a statement yesterday.

It cautioned changing the (teaching) platform “will set the entire education system backwards years.”

According to YTL Communications, the ministry had requested for free Internet services for 10,000 schools operating a virtual learning environment (VLE), as it was “not ready for a tender for implementation on July 1” when phase 2 of the contract with YTL Communications would expire.

YTL Communications said this was communicated during a meeting on April 23 between the ministry, TM, Celcom Axiata and Maxis as well as other Internet service providers (ISPs) over Phase 3 of the 1BestariNet project.

“The ministry requested that we provide free Internet services as the government ‘did not have the budget’ to pay for these services.”

In response, the telco wrote to Education Minister Dr Maszlee Malik on May 31 confirming that it would provide a complete solution of free Internet services as well as the Frog VLE for the interim period until the tender was called and awarded.

“Our primary concern was to ensure teaching in schools was not disrupted in the middle of the school year. Unfortunately, we did not receive any response to our offer,” YTL Communications said, adding it had come as a complete surprise to hear its rivals had been appointed instead.

“The ministry had excluded YTL Communications, reneged on its statement to call an open tender and agreed to pay for the Internet services to the three appointed ISPs, although we had offered the services for free.”

The 1BestariNet project was awarded to YTL Communications in 2011 after an open tender for a 15-year service contract to be implemented in phases. The scope of work included providing a total learning solution comprising Internet connectivity, security and the Frog VLE.

In July last year, the ministry announced it would call a fresh tender for the learning solutions. YTL Communications claimed the ministry confirmed the company would not be excluded from the tender.

ytl no sue goverment also very good already haha why terminate without open tender

already paid for food price then i eat until half can i ask the restaurant refund me 50% if not i report the restaurant cheat me charge me full price ! now YTL is like that sistuation 4billion is for 40 year then goverment make it more early termination

https://finance.yahoo.com/news/us-high-grade-corporate-bond-212942522.html should genting do refinance thier bond to lowest interest rate ? U.S economy will booming soon

NEW YORK (Reuters) - U.S. investment-grade corporate credit spreads hit their lowest since 1998 this week in a sign of growing investor confidence in the U.S. economy and in line with a surge in other risk assets such as stocks after Republican Donald Trump's election as U.S. president.

The spread on the ICE BofA U.S. Corporate Index, a commonly used benchmark for high-grade debt, declined to 78 basis points on Thursday, its lowest since 1998. Spreads were at 86 bps at the end of last month. The moves come amid a sharp rally in equities markets after Trump won a second term as U.S. president in Tuesday's election. His policies are largely expected to benefit corporations due to lower taxes and looser regulation.

the private investor will help TAURX ? impossible dundee sell lower for just 1mil USD
the money is kacang putih

if FDA management will change it will be good news

who propose transform RWG make genting more like KL shopping mall than resorts feel
make LGT also angry non stop bad news

if genting management dont know how to do business i can provide free consultation
many good card in hand but play like loser 😅 can go top 1 but choose last one . i really dont know old man in office do what macam WATCH AV no improve no go out walk walk see how sunway doing

as i know july to december is 120 day already

CNY time too long liao not december leh let genting die faster

genting management need learn new stragegy i check liao genting singapore dont have hai di lao
OMG why a Haidilao can help them grab more footprint then i see RWG also dont have haidilao move to ANTARA genting management very useless leh dont have KPI one all like zombie no target

Genting singapore must use terbalik stragegy non gaming activity cover gaming business .
Genting Singapore have wide land can easily host any largest event compare to marina bay sands
should keep launch more international event like harry potter bring international fans to there
Event is genting singapore killer move stragegy like team wang halloween event
faster find KOL or SUPERSTAR like team wang host event

FREE SLOT credit as lucky draw when spending in RWS

haha ATK genting singapore result mainly is due to renovation and aquarium close every week 2 day if not it will performance more better i see liao non gaming got better . Main reason also because win rate is low
Genting Singapore better host more like poker / e sport / chess competition earn participan fee from global player .
at the same time can bring more player fans / visitor come and watch . Make GENTING SINGAPORE Another International Gaming Arena

😁 OKU management ! 4 year already COVID19 until now
got what excuse still not enough time to show good performance ?

AGM should ask them shame or not ! show them how to do KPI like sunway management learn how sunway management manage thier properties ! learn SUNWAY how to optimize earning

so many land bank dont know use ! IOICORP also looking for solar oppurnity GENTING go throw money to useless place ! BIG CAPEX less return or LOSS

GENTING IS HOPELESS & throw all your genting share
1) GROSS MARGIN LOWER ALOT COMPARE TO PEER
2) STRAGEGY IS OUTDATED
3) CANT FOLLOW THE NEW TREND NO CREATIVE IDEA
4) ALWAYS BIG CAPEX LESS RETURN
5) NO THINKING TO OPTIMIZE THE EARNING ( night theme park ticket , advertising income and more )

sell all genting share ! really shame on this kind management ! do what also failure

GENTING SINGAPORE DIE LIAO ! COVID19 UNTIL NOW still cannot delivery good result consistently WTF Management !

maybe is luck to genting miamiland havent sell yet can sell even more higher now
if genting management enough smart should lease the land to someone enjoy capital apreciate and rental income

then what can asia do is sell resources only 🤣 upsteam business can do mid steam until lower steam all GG

once U.S new nuclear technology is ready energy is very very cheap AI is ready then human resources labour is very very cheap then no more rely on asia . Habis la outsource manufacturing

too smart already TRUMP ! only noob country leader keep want tax make richest all leave the country no richest economy die Anwar making a lot wrong decision

Trump infrastucture bill + tax reduce is nuclear boom for worldwide economy
USD will more stronger more europe richest uk richest asia richest will move to U.S

U.S comfirm sucking all money from worldwide liao want USD then you must go U.S setup factory setup Business .

The former president has said that his plans to increase tariffs and cut the corporate tax rate will result in a boom in American manufacturing.

He has said he will impose tariffs on companies that move manufacturing from the US to another country and, in September, specifically threatened John Deere with tariffs if the company doesn’t abandon plans to move some production from the Midwest to Mexico.

The idea is that tariffs will make foreign-made goods more expensive compared with those made in the US. But prices can go up for US manufacturers too if they need to import certain parts. And there will likely be retaliatory tariffs imposed by other countries, making it harder for US companies to sell goods abroad. In 2019, Federal Reserve economists found that Trump’s earlier tariffs led to a net decrease in manufacturing employment.

In September, he called his proposal to reduce the corporate tax rate to 15% for companies that make products in the US the “centerpiece” of his plan for a manufacturing renaissance.

will genting management grab this oppurnity turbo the earning speed ?
haiya old man management like that also keep losing can go die le

a lot corporate will come in U.S setup factory soon 1) tax lowest 2) energy cheap 3) avoid tarrif 4) citizen have a lot cash in hand to spend now after energy price come down and many tax exemption

Corporate tax cut to 15% FROM 21% SAVING 6% TAX EXPENSES

GENTING IS HOPELESS & throw all your genting share
1) GROSS MARGIN LOWER ALOT COMPARE TO PEER
2) STRAGEGY IS OUTDATED
3) CANT FOLLOW THE NEW TREND NO CREATIVE IDEA
4) ALWAYS BIG CAPEX LESS RETURN
5) NO THINKING TO OPTIMIZE THE EARNING ( night theme park ticket , advertising income and more )
6) ALL DIRECTOR HAVE FEW BUSINESS HOW TO MONITOR AND THIER AGE IS SO OLD

if direct withholding tax then easier then claim back later

GENTING IS HOPELESS & throw all your genting share
1) GROSS MARGIN LOWER ALOT COMPARE TO PEER
2) STRAGEGY IS OUTDATED
3) CANT FOLLOW THE NEW TREND NO CREATIVE IDEA
4) ALWAYS BIG CAPEX LESS RETURN
5) NO THINKING TO OPTIMIZE THE EARNING ( night theme park ticket , advertising income and more )
6) ALL DIRECTOR HAVE FEW BUSINESS HOW TO MONITOR AND THIER AGE IS SO OLD

Fire those old folk managament and director change young la
tourism business need young not old man manage

genting management dont know how to do business so many good card in hand but playing like loser

Useless old folk management that why i said empire fallen
they also not interesting in creative offer fintech solution partner with paylater / bank offer installment combo package so make thier luxury hotel room more attractive and more demand

https://www.lowyat.net/2024/336109/indian-company-allegedly-found-shipping-nvidia-ai-chips-from-malaysia-to-russia/ malaysia good job malaysia now be the 1st asean country get tag

You see now kena already WYNN also kena 100m usd because of VIP you never know where thier source come from and they re easily get trigger . Branding get affect money also pay back no point to focus in cake . Wasting time . If focus on volume strategy 1 people glamb 1000usd also won’t easy get trigger 😂 you can offer combo RM100 f&B voucher free RM50 glamb let them play like lucky draw

U.S they keep failed because they learning western branding strategy they should learn Chinese strategy offer lowest price bring more high traffic first in B2C then earn from B2B advertising / event planner / marketing solution increase back margin . In competitive market you should give up branding strategy focus on volume strategy . Somemore U.S compliance is very strict if you focus on volume strategy it will help reduce compliance risk instead of focus VIP gaming . Earn those VIP money also not enough for you to pay penalty

I m curious why RW management don’t realize this income lol many property developer in mid hill will put budget advertising thier project . They can offer more free room or theme park ticket to rebate back advertiser too in another angel see they can sell more higher thier product in offer advertising service with good margin

They should lure more traffic to properties like offer theme park annual pass is right decision then next step is create advertising income and vip ticket pass ( skip que and play ) to optimize the profit

@Koosan it’s common sense when your properties have a lot traffic you can start offer advertising service to b2b generate income you can see google YouTube Facebook all main source is from advertising income . Advertising business margin is very high is less capex big profit business .

because i cant tahan bodoh lead so many good card in hand but still loser . they seem like dont have KIP or creative idea look at sunway management even pavillion reit thier management know how to generate advertising income

should ask shareholder throw all thier share let empire fallen fast . see how genting bankrupt

speedmart99 also manage better than genting speedmart99 know how to earn listing fee but genting so much space dont know how to earn advertising fee really tak ada otak punya management .

genting is old folk manage GG.com end story .

management issue la old and useless do what also fail one
still got people put hope in this company ? after LGT pass away no more glory empire also going fallen tourism so simple business also cannot do well .
those on board director cert dont know get from where why do what also failure without doing market research 1st where is the KPI .

if want be HERO all YB should donate thier salary without using people money

we pay tax nvm we willing help our people but can goverment dont take our money help other country without permission ? work so hard introduce new tax but at beside take 100m help other country