Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Enjoy my coffee and read some news. Vivocom price now 28 sen only. After weeks of price rise, profit taking will follow which is perfectly normal for any stock.

BEWARE OF A CONWOMAN HERE SPREADING RUMOURS ABOUT VIVOCOM, CREATING SCARY STORIES AND CREATING FEAR TO VIVOCOM INVESTORS. JUST IGNORE HER. DON'T SCOLD HER BECAUSE SHE HAS BEEN PAID TO DO HER JOB.

KUCHING: The China Communications Construction Company (CCCC) denies knowing any wrongdoing in the upcoming double-track East Coast Rail Project (ECRP).

This statement comes in the midst of allegations of a conspiracy to inflate the cost of the project – from RM30 billion to RM60 billion instead – to help the Malaysian government pay off its 1Malaysia Development Board (1MDB) debt. The China-based construction player told The Australian that it had “no knowledge of the claims in those articles” – referring to Sarawak Report’s claims that the ECRP project would be awarded to the CCCC at an increased cost of RM60 billion.

“We will continue to follow those false accusations made by certain media and will take necessary steps to defend our lawful rights,” it said to the Australia-based newspaper.

According to Sarawak Report last week, the cost of the ECRP would all be borrowed from the Chinese government, and the extra RM30 billion would be channelled towards paying off 1MDB debts.

This allegedly includes paying off 1MDB’s debts to the International Petroleum Investment Company.

On this point, Malaysian Works Minister Fadillah Yusof has denied the allegation, insisting that “the matter had not been discussed in the cabinet meeting” according to a MySinchew report.

The Australian noted that the World Bank had previously banned CCCC from working on its projects until next year due to “fradulent practices.”

KUCHING: The China Communications Construction Company (CCCC) denies knowing any wrongdoing in the upcoming double-track East Coast Rail Project (ECRP).

This statement comes in the midst of allegations of a conspiracy to inflate the cost of the project – from RM30 billion to RM60 billion instead – to help the Malaysian government pay off its 1Malaysia Development Board (1MDB) debt. The China-based construction player told The Australian that it had “no knowledge of the claims in those articles” – referring to Sarawak Report’s claims that the ECRP project would be awarded to the CCCC at an increased cost of RM60 billion.

“We will continue to follow those false accusations made by certain media and will take necessary steps to defend our lawful rights,” it said to the Australia-based newspaper.

According to Sarawak Report last week, the cost of the ECRP would all be borrowed from the Chinese government, and the extra RM30 billion would be channelled towards paying off 1MDB debts.

This allegedly includes paying off 1MDB’s debts to the International Petroleum Investment Company.

On this point, Malaysian Works Minister Fadillah Yusof has denied the allegation, insisting that “the matter had not been discussed in the cabinet meeting” according to a MySinchew report.

The Australian noted that the World Bank had previously banned CCCC from working on its projects until next year due to “fradulent practices.”

KUCHING: The China Communications Construction Company (CCCC) denies knowing any wrongdoing in the upcoming double-track East Coast Rail Project (ECRP).

This statement comes in the midst of allegations of a conspiracy to inflate the cost of the project – from RM30 billion to RM60 billion instead – to help the Malaysian government pay off its 1Malaysia Development Board (1MDB) debt. The China-based construction player told The Australian that it had “no knowledge of the claims in those articles” – referring to Sarawak Report’s claims that the ECRP project would be awarded to the CCCC at an increased cost of RM60 billion.

“We will continue to follow those false accusations made by certain media and will take necessary steps to defend our lawful rights,” it said to the Australia-based newspaper.

According to Sarawak Report last week, the cost of the ECRP would all be borrowed from the Chinese government, and the extra RM30 billion would be channelled towards paying off 1MDB debts.

This allegedly includes paying off 1MDB’s debts to the International Petroleum Investment Company.

On this point, Malaysian Works Minister Fadillah Yusof has denied the allegation, insisting that “the matter had not been discussed in the cabinet meeting” according to a MySinchew report.

The Australian noted that the World Bank had previously banned CCCC from working on its projects until next year due to “fradulent practices.”

Crude threatened to tip into yet another bear situation

CHICAGO: Exxon Mobil Corp and Royal Dutch Shell Plc reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp’s third straight loss marked the longest slump in 27 years, and BP Plc lodged its lowest refining margins in six years.

Welcome to year two of a supply overhang so persistent it’s upsetting industry expectations that the market would return to a state of balance between production and demand. It’s left analysts befuddled and investors running to the doorways as the crude market threatened to tip into yet another bear market, dashing hopes that a slump that began in mid-2014 would show signs of abating.

Exxon missed analyst estimates by 23 US cents a share and fell as much as 4.5% last Friday before recouping some of that decline. Chevron posted a surprise US$1.47bil loss after booking US$2.8bil in writedowns. The company’s per-share loss of 78 US cents was in stark contrast to the 19 to 41-US-cent gains expected by analysts. BP and Shell registered similarly gloomy outcomes.








“What we’re seeing is that there’s just no place for the supermajors to hide,” Brian Youngberg, an analyst at Edward Jones & Co in St Louis, said in an interview. “Oil prices, natural gas, refining, it all looks very bad right now.”

Crude prices dropped during the quarter from a year ago amid a global glut in the US$1.5 trillion-a-year market. With diesel and gasoline prices also slumping, the companies were deprived of the tempering effect oil refining typically provides during times of low crude prices.

Given the plunge in crude and natural gas markets, “you cannot recover, no matter how efficient you are,” Fadel Gheit, an analyst at Oppenheimer & Co, said during an interview with Bloomberg Television. “The industry cannot survive on current oil prices.”

Shell reported its weakest quarterly result in 11 years and missed analysts’ estimates by more than US$1bil. BP said earnings tumbled 45% amid the lowest refining margins for the second quarter since 2010. US margins, based on futures contracts, plunged 30% to a second-quarter average of US$17.12 a barrel from US$24.42 a year earlier.

Refining profits would continue to be under “significant pressure,” BP said. Although Brent crude’s rebound provided some relief compared with the first quarter, CEO Bob Dudley still faces a difficult road ahead as the rally fades amid slowing demand growth and returning production from Canada to Nigeria.

BP’s profit, adjusted for one-time items and inventory changes, dropped to US$720mil from US$1.3bil a year earlier, the company said on July 26. That missed the US$819mil average estimate of 13 analysts surveyed by Bloomberg. Downstream earnings, which include refining, declined 19%.

Exxon, the world’s biggest oil explorer by market value, said wildfires that ravaged the oil-sands region of Western Canada, along with aging wells, reduced output. Its US oil and natural gas wells lost an average of US$5.6mil a day during the quarter.

At Shell, the largest oil producer after Exxon, profit adjusted for one-time items and inventory changes sank 72% from a year earlier to US$1.05bil, less than half the US$2.16bil analysts had expected.

Shell chief executive officer Ben Van Beurden, who this year completed the record purchase of BG Group Plc, has vowed to boost savings from the acquisition following the two-year slump in crude.

It was Chevron’s third straight quarterly loss, the longest slump for the company since at least 1989, according to data compiled by Bloomberg.

Chevron chairman and CEO John Watson said the company continued to adjust to the lower-price environment. He has responded to the market-driven cash squeeze by shrinking drilling programmes, writing off discoveries that were too costly to develop at current prices and firing one-tenth of the workforce. The company is seeking to bolster its balance sheet by raising US$5bil to US$10bil from asset sales.

Despite the rout, and credit-rating cuts, Chevron greenlighted a US$36.8bil expansion of a key Central Asian oilfield earlier this month. Last week, the company committed to distribute a US$1.07-a-share dividend that will eat up about US$2bil in cash when paid out to investors in September.

Exxon chairman and CEO Rex Tillerson has been looking beyond the current downturn in energy markets to augment the company’s gas and oil portfolios from the South Pacific to Africa.

The company also is plowing money into expanding refining and chemical complexes from Singapore to The Netherlands, betting that regional demand for products used in automobile tires, engine oil and plastics will grow over the long term. — Bloomberg

KUCHING: The China Communications Construction Company (CCCC) denies knowing any wrongdoing in the upcoming double-track East Coast Rail Project (ECRP).

This statement comes in the midst of allegations of a conspiracy to inflate the cost of the project – from RM30 billion to RM60 billion instead – to help the Malaysian government pay off its 1Malaysia Development Board (1MDB) debt. The China-based construction player told The Australian that it had “no knowledge of the claims in those articles” – referring to Sarawak Report’s claims that the ECRP project would be awarded to the CCCC at an increased cost of RM60 billion.

“We will continue to follow those false accusations made by certain media and will take necessary steps to defend our lawful rights,” it said to the Australia-based newspaper.

According to Sarawak Report last week, the cost of the ECRP would all be borrowed from the Chinese government, and the extra RM30 billion would be channelled towards paying off 1MDB debts.

This allegedly includes paying off 1MDB’s debts to the International Petroleum Investment Company.

On this point, Malaysian Works Minister Fadillah Yusof has denied the allegation, insisting that “the matter had not been discussed in the cabinet meeting” according to a MySinchew report.

The Australian noted that the World Bank had previously banned CCCC from working on its projects until next year due to “fradulent practices.”

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Enjoy my coffee and read some news. Vivocom price now 28 sen only. After weeks of price rise, profit taking will follow which is perfectly normal for any stock.

BEWARE OF A CONWOMAN HERE SPREADING RUMOURS ABOUT VIVOCOM, CREATING SCARY STORIES AND CREATING FEAR TO VIVOCOM INVESTORS. JUST IGNORE HER. DON'T SCOLD HER BECAUSE SHE HAS BEEN PAID TO DO HER JOB.

"@dis is also one of those anti government. Please do not associate with this auntie."


KINABATANGAN: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak has reminded the people to be wary of certain quarters who are trying to poison their minds to hate the government.

He said those parties from outside the country acted in such a manner as they were envy of the government for its ability to develop the country with democracy that led to peace.

“They (certain quarters abroad) have been working together with small groups in Malaysia to infiltrate the people’s minds including hurling lies and slander at the prime minister.

“It was meant for ‘rakyat’ (people) to lose faith in the prime minister who was elected by the people through democratic process,” he said when speaking at the Aidilfitri open house of Sukau state assemblyman Datuk Saddi Abdul Rahman here yesterday.

KUCHING: The China Communications Construction Company (CCCC) denies knowing any wrongdoing in the upcoming double-track East Coast Rail Project (ECRP).

This statement comes in the midst of allegations of a conspiracy to inflate the cost of the project – from RM30 billion to RM60 billion instead – to help the Malaysian government pay off its 1Malaysia Development Board (1MDB) debt. The China-based construction player told The Australian that it had “no knowledge of the claims in those articles” – referring to Sarawak Report’s claims that the ECRP project would be awarded to the CCCC at an increased cost of RM60 billion.

“We will continue to follow those false accusations made by certain media and will take necessary steps to defend our lawful rights,” it said to the Australia-based newspaper.

According to Sarawak Report last week, the cost of the ECRP would all be borrowed from the Chinese government, and the extra RM30 billion would be channelled towards paying off 1MDB debts.

This allegedly includes paying off 1MDB’s debts to the International Petroleum Investment Company.

On this point, Malaysian Works Minister Fadillah Yusof has denied the allegation, insisting that “the matter had not been discussed in the cabinet meeting” according to a MySinchew report.

The Australian noted that the World Bank had previously banned CCCC from working on its projects until next year due to “fradulent practices.”

KUALA LUMPUR: Coastal Contracts Bhd (CCB)inked a binding memorandum of understanding yesterday with Jakarta-based PT.

Jaya Samudra Karunia Internasional (JSK) for the acquisition of a 49 per cent equity interest in its unit, PT. Jaya Samudra Karunia Gas (JSK Gas) for US$6.55 million.

In a filing to Bursa Malaysia, CCB said the acquisition is expected to be completed by the fourth quarter of 2016.

JSK Gas will then issue 1,500 new ordinary shares at an issue price of US$14,197,572.

JSK core business is in Indonesia’s coal transporation sector.

Given the huge potential in Indonesia’s liquefied natural gas (LNG) market, JSK has ventured into the LNG supply chain, CCB said in a separate statement.

“Recently, it was awarded the LNG regasification and LNG storage contracts to support a 200 MWh gas-fired power plant in Bali, Indonesia,” it said.

The acquisition enables CCB to establish its presence in the LNG supply chain and develop expertise in the floating storage regasification unit (FSRU) solution.

“It will be able to build a new portfolio of LNG related products and services which are core to the LNG downstream sector, especially for small-scale FSRU which is suitable for the archipelagic region, is less capital intensive and requires shorter construction period,” it said.

Meanwhile, Coastal Group Executive Chairman Ng Chin Heng said as Indonesia’s power-generation plans are positioning the country to become one of the fastest-growing markets for LNG and a regional first-mover in small-scale LNG receiving terminal in Asia, the group foresees exciting opportunities for growth in this new sector. — Bernama

KUALA LUMPUR: If you are surfing the Internet on a public Wi-Fi, always assume someone is watching you out there.

Better yet, do not connect to any public Wi-Fi at all, said LE Global Services (LGMS) executive director Fong Choong Fook, whose private cybersecurity firm employs hackers to test the network security of the country’s major banks.

“I would never use a public Wi-Fi,” he said.

“Even an IT person may not be able to tell if the access point he is connected to is safe or if the activities are being watched.








“There may be signs like your Internet is slowing down but hackers can make it so elegant that you won’t even notice,” he said in an interview.

Malaysia’s national cybersecurity agency CyberSecurity Malaysia (CSM) said hackers could position themselves between a person’s device and the Wi-Fi router and are able to record sensitive data that the surfer is keying into his device.

Hackers can also “create” their own Wi-Fi and trick people into thinking they are connected to a credible public access point like the one from a restaurant, airport or office – when in actual fact these devices are connected to the criminals’ hardware.

Thus, they would be able to remotely watch everything a person is sending out on the Wi-Fi like passwords, e-mails or credit card information.

As frightening as these attacks may sound, Fong said this had been going as early as the 1990s.

Demonstrating to The Star how a hacker could steal information, LGMS set up an “evil twin” Wi-Fi using a laptop and named it after a famous franchise restaurant just below its office in Puchong, Selangor.

Fong connected two devices to this Wi-Fi and proceeded to log into social media, e-mail and Government websites.

Within seconds of logging in, the hacker’s computer began recording the activities in both devices in the experiment – recording every e-mail address, username and password that was keyed in.

Though the demonstration was only meant for the devices in the controlled environment of the LGMS office, three other users got connected to the dummy Wi-Fi, thinking they were linked to the franchise restaurant’s Internet, during the experiment.

“Hackers can target one specific person or they can target everyone in a cafe to get their devices to send all their data through their dummy Wi-Fi

“When they have your information, they can steal your identity. They can pose as you on Facebook, or send out e-mails to your contacts under your account,” he said.

Fong advised users to avoid connecting to public Wi-Fi or to only limit their browsing to Internet searches if they must connect to one.

The firm also suggested users to subscribe to VPN (virtual private network) technologies to secure their traffic.

VPN encrypts data on devices, making it hard for hackers to spy on the user’s online activities. Most VPNs are available on a subscription basis, much like an anti-virus programme.

So far this year, CSM has recorded eight instances where private Wi-Fi networks were hacked and 1,462 cases of online intrusions have been reported, which is nearly double the number of incidents compared to the same period in 2015.

It advised users to keep their Internet browsers up to date and to disable the feature which automatically saves password in the cache –as it makes it easier for criminals to steal.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

KUCHING: Interest in renewable energy projects has been gaining momentum in Malaysia, fuelled by the push for environmental awareness and sustainable and responsible investing, technological advancements, and a stable local regulatory framework.

This comes as RAM Ratings yesterday published a rating methodology on renewable energy projects as a thought leadership initiative to bring further clarity on the topic to the Malaysian bond and sukuk markets.

“Large economies in the international scene have sizeable renewable energy in their installed capacity mix, such as Germany (51 per cent), China (33 per cent), the United Kingdom (29 per cent) and the United States (16 per cent) in 2015,” detailled the group in a statement.

“In Malaysia, the sector has been dominated by large-scale hydro power plants; the installed capacity of renewable energy stood at 6,083MW in 2015, constituting 23 per cent of the national capacity mix. Excluding the large hydro power plants, renewable projects projects – solar photovoltaic, biomass (including waste to energy) and small hydro power plants – only comprised two per cent of the portfolio mix.”

Although the sector is still at a nascent stage in Malaysia, RAM noted that the government has been encouraging the use of renewable energy through the Sustainable Energy Development Authority of Malaysia, which provides strong regulatory support to this sector.

“Price certainty via the implementation of the feed-in tariff mechanism as well as demand assurance through long-term RE power purchase agreements with national utility giant Tenaga Nasional Berhad help ensure the economic viability of RE investments,” highlighted Chong Van Nee, RAM’s Co-Head of Infrastructure and Utilities Ratings.

“As such, we expect RE producers to experience encouraging growth and access the bond market, as has been observed globally,” added Chong.

RAM’s methodology outlines its analytical framework on rating debt securities issued by RE producers, with a focus on the risks faced by solar photovoltaic, biomass (including waste to energy), and hydro power plants in Malaysia.

Similar to conventional thermal-powered projects, renewable energy projects would be rated based on the project-finance methodology, so long as they are limited-purpose entities, with typical risk elements ring-fenced via contracts with key counterparties and debt-protection covenants stipulated in financing documents.

“Specifically for renewable energy projects, resource-supply risk is the most pronounced post-completion risk,” it added.

“Meanwhile, solar and hydro resources face intermittency risk as inadequate resources would affect output. On the other hand, biomass power plants need a secure and consistent supply of feedstock that meets specific calorific-value requirements to ensure optimal plant efficiency and production.

“Generally, pre-completion risk is the highest for large-scale hydro power plants involving the construction of dams. This is because it involves land acquisition and settlement relocation, albeit moderated by relatively lower operational risk compared to thermal-power plants.”

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

KUALA LUMPUR: For every gang in the country, there is someone called 'Fin', who is willing to do just about anything upon being instructed, including murder.

A former member of an underworld gang operating in the federal city, who wants to be identified only as Dino, said those called 'Fin' were violent and had no sympathy for anyone on their target 'list'.

"'Fin' means an end in Latin and that is what they will do on a victim. They are regarded as suicide commandos in carrying out every instruction or assignment given," he told Bernama recently.

The 32-year-old man, currently working as a nightclub bouncer, said almost every gang he knew had its own assassin.








He suspected that a 'Fin' was behind the murder of a man who was believed to have been the leader of a gang dubbed, 'Satu Hati', in Setapak last Wednesday.

"It is the job of a 'Fin' to scare off members of another gang who might want to intrude into a certain 'territory'," said Dino.

He said such 'territories' were also known as 'ports' and the gang would collect protection money from traders, as well as operate various illegal business activities in the area.

"Gang war occurs when a gang tries to take over the 'port' of other gangs.

Fights happen almost every week. Usually, only sharp weapons were used in fights but lately, more gangs own firearms because they are cheap and easily obtained.

"Most of them obtain the firearms from Thailand, which were smuggled in through 'jalan tikus' (rat's trail) at a price of between RM1,000 and RM20,000, depending on type," he said.

Relating his past, Dino said he had joined a gang about five years ago as he was jobless at the time.

"Initially, I was not interested in joining the gang but I needed the money.

In fact, I was also influenced by a local film on gang-related activities at that time.

"My job was simple. I threaten people, beat them up and traffick in drugs.

(For that,) I was paid thousands of ringgit," he said. - Bernama

PETALING JAYA: The Government has ordered the company appointed to supply passports to buck up or face action.

Deputy Home Minister Datuk Nur Jazlan Mohamed said its performance was being reviewed and warned that action would be taken if it failed to perform its contractual duties.

Newly-appointed Immigration director-general Datuk Seri Mustafar Ali is also making the shortage of passports his major priority.

Mustafar pledged to resolve the issue as soon as possible.








“The issuing of passports is one of the department’s core services to the public. Any hiccup or issue must be dealt with quickly and effectively so that the public is not inconvenienced,” he said.

Nur Jazlan said the long queues at passport counters around the country was not the fault of the Immigration Department but that of the vendor who has failed to meet demand.

“We are reviewing the new vendor’s performance. In the meantime, we apologise and ask for the public’s patience,” he said.

Last week, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi ordered an increase to 20,000 passports daily, to meet the shortfall. Until then, the vendor was reportedly only providing between 5,000 and 10,000 passports daily.

Datasonic Group Bhd is the principal supplier of the passports and many of the chips used on the data page allegedly had defects.

The data page holds information on the passport bearer.

The company imports the biodata polycarbonate data page which contains the microchip.

Evelyn Wong, 46, was among those who was turned away at Immigration counters after failing to get a number to renew her passport which expires in November.

The irate school counsellor, who intended to travel overseas next month, had arrived at the Kelana Jaya Immigration office at 6.50am yesterday, only to see a queue stretching to the car park.

“I am not happy with the Immigration Department’s crowd management procedures,” said Wong.

She also said there was a couple, whose passports expire in June next year, in the queue ahead of her.

She said it showed that the public was so afraid of delays that they were coming to renew their passports well ahead of time.

Ajeet Kaur, 36, from Taman Medan, also had a similar problem when she tried to renew her son’s passport at the Kelana Jaya and Shah Alam Immigration offices recently.

“We were told they had run out of passports and couldn’t say when new stock would come in,” she said.

Checks around the country showed that the problem was largely in the Klang Valley. Passports were being issued as usual in Johor and Penang

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak has urged the people to use the correct channels to raise differing views.

He said as a nation which practises constitutional democracy, actions such as street demonstrations were wrong.

"If we were to demonstrate … and suddenly there are disruptions by Daesh terrorists, what will happen? There will be anarchy," he said.

Najib said this at a dinner in conjunction with the 2016 Students Parliamentary Session, at the Putra World Trade Centre here Wednesday night.

Also present were Higher Education Minister Datuk Seri Idris Jusoh, Malaysian Former Elected Representatives Council (Mubarak) president Tan Sri Abdul Aziz Rahman and Universiti Islam Antarabangsa Malaysia president Tan Sri Dr Rais Yatim.

Najib stressed that those who did not agree with the Government on certain issues should not play politics of hatred and should instead offer constructive alternatives to the Government.

Najib, who is also Finance Minister, also pointed out that the Government had aided the people tremendously in terms of cost of living, education, health and pilgrimage.

The Government in power now, he said, was a responsible government and was always concerned about the people's needs and strengthening the nation's economy in the long run. – Bernama

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Enjoy my coffee and read some news. Vivocom price now 28 sen only. After weeks of price rise, profit taking will follow which is perfectly normal for any stock.

BEWARE OF A CONWOMAN HERE SPREADING RUMOURS ABOUT VIVOCOM, CREATING SCARY STORIES AND CREATING FEAR TO VIVOCOM INVESTORS. JUST IGNORE HER. DON'T SCOLD HER BECAUSE SHE HAS BEEN PAID TO DO HER JOB.

"@dis is also one of those anti government. Please do not associate with this auntie."


KINABATANGAN: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak has reminded the people to be wary of certain quarters who are trying to poison their minds to hate the government.

He said those parties from outside the country acted in such a manner as they were envy of the government for its ability to develop the country with democracy that led to peace.

“They (certain quarters abroad) have been working together with small groups in Malaysia to infiltrate the people’s minds including hurling lies and slander at the prime minister.

“It was meant for ‘rakyat’ (people) to lose faith in the prime minister who was elected by the people through democratic process,” he said when speaking at the Aidilfitri open house of Sukau state assemblyman Datuk Saddi Abdul Rahman here yesterday.

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

"@dis is also one of those anti government. Please do not associate with this auntie."


KINABATANGAN: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak has reminded the people to be wary of certain quarters who are trying to poison their minds to hate the government.

He said those parties from outside the country acted in such a manner as they were envy of the government for its ability to develop the country with democracy that led to peace.

“They (certain quarters abroad) have been working together with small groups in Malaysia to infiltrate the people’s minds including hurling lies and slander at the prime minister.

“It was meant for ‘rakyat’ (people) to lose faith in the prime minister who was elected by the people through democratic process,” he said when speaking at the Aidilfitri open house of Sukau state assemblyman Datuk Saddi Abdul Rahman here yesterday.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak has urged the people to use the correct channels to raise differing views.

He said as a nation which practises constitutional democracy, actions such as street demonstrations were wrong.

"If we were to demonstrate … and suddenly there are disruptions by Daesh terrorists, what will happen? There will be anarchy," he said.

Najib said this at a dinner in conjunction with the 2016 Students Parliamentary Session, at the Putra World Trade Centre here Wednesday night.

Also present were Higher Education Minister Datuk Seri Idris Jusoh, Malaysian Former Elected Representatives Council (Mubarak) president Tan Sri Abdul Aziz Rahman and Universiti Islam Antarabangsa Malaysia president Tan Sri Dr Rais Yatim.

Najib stressed that those who did not agree with the Government on certain issues should not play politics of hatred and should instead offer constructive alternatives to the Government.

Najib, who is also Finance Minister, also pointed out that the Government had aided the people tremendously in terms of cost of living, education, health and pilgrimage.

The Government in power now, he said, was a responsible government and was always concerned about the people's needs and strengthening the nation's economy in the long run. – Bernama

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak has urged the people to use the correct channels to raise differing views.

He said as a nation which practises constitutional democracy, actions such as street demonstrations were wrong.

"If we were to demonstrate … and suddenly there are disruptions by Daesh terrorists, what will happen? There will be anarchy," he said.

Najib said this at a dinner in conjunction with the 2016 Students Parliamentary Session, at the Putra World Trade Centre here Wednesday night.

Also present were Higher Education Minister Datuk Seri Idris Jusoh, Malaysian Former Elected Representatives Council (Mubarak) president Tan Sri Abdul Aziz Rahman and Universiti Islam Antarabangsa Malaysia president Tan Sri Dr Rais Yatim.

Najib stressed that those who did not agree with the Government on certain issues should not play politics of hatred and should instead offer constructive alternatives to the Government.

Najib, who is also Finance Minister, also pointed out that the Government had aided the people tremendously in terms of cost of living, education, health and pilgrimage.

The Government in power now, he said, was a responsible government and was always concerned about the people's needs and strengthening the nation's economy in the long run. – Bernama

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

"@dis is also one of those anti government. Please do not associate with this auntie."


KINABATANGAN: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak has reminded the people to be wary of certain quarters who are trying to poison their minds to hate the government.

He said those parties from outside the country acted in such a manner as they were envy of the government for its ability to develop the country with democracy that led to peace.

“They (certain quarters abroad) have been working together with small groups in Malaysia to infiltrate the people’s minds including hurling lies and slander at the prime minister.

“It was meant for ‘rakyat’ (people) to lose faith in the prime minister who was elected by the people through democratic process,” he said when speaking at the Aidilfitri open house of Sukau state assemblyman Datuk Saddi Abdul Rahman here yesterday.

My View got stuck big time? My profit is more than your capital @dis. Sorry I have to boast here.

Hi duit, make some money?

My View is forever strong here at whatever price. So is Ktsk88 and many others......

"@dis is also one of those anti government. Please do not associate with this auntie."


KINABATANGAN: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak has reminded the people to be wary of certain quarters who are trying to poison their minds to hate the government.

He said those parties from outside the country acted in such a manner as they were envy of the government for its ability to develop the country with democracy that led to peace.

“They (certain quarters abroad) have been working together with small groups in Malaysia to infiltrate the people’s minds including hurling lies and slander at the prime minister.

“It was meant for ‘rakyat’ (people) to lose faith in the prime minister who was elected by the people through democratic process,” he said when speaking at the Aidilfitri open house of Sukau state assemblyman Datuk Saddi Abdul Rahman here yesterday.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Enjoy my coffee and read some news. Vivocom price now 28 sen only. After weeks of price rise, profit taking will follow which is perfectly normal for any stock.

BEWARE OF A CONWOMAN HERE SPREADING RUMOURS ABOUT VIVOCOM, CREATING SCARY STORIES AND CREATING FEAR TO VIVOCOM INVESTORS. JUST IGNORE HER. DON'T SCOLD HER BECAUSE SHE HAS BEEN PAID TO DO HER JOB.

If u look at disagree's comments, he talk no point, only keep changing ID do personal attack, talk dirty words...a person have multiple ID can you believe his talks, 10% also cannot..

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

Early stage disagree use fundamental ask people sell but failed, then use 1MDB to frighten people to sell.

When 1MDB cannot give hope to him, he con people again by telling people having internal tips..by actual is his gang the 1 keep push down to create fear situation....
If u see, they use static throw little bit try to lead sell at low...if u follow, u will drop to his trap.

Again...invest in VIVOCOM, u must confidence, u must have patience, not play contra...

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Enjoy my coffee and read some news. Vivocom price now 28 sen only. After weeks of price rise, profit taking will follow which is perfectly normal for any stock.

BEWARE OF A CONWOMAN HERE SPREADING RUMOURS ABOUT VIVOCOM, CREATING SCARY STORIES AND CREATING FEAR TO VIVOCOM INVESTORS. JUST IGNORE HER. DON'T SCOLD HER BECAUSE SHE HAS BEEN PAID TO DO HER JOB.

"@dis is also one of those anti government. Please do not associate with this auntie."


KINABATANGAN: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak has reminded the people to be wary of certain quarters who are trying to poison their minds to hate the government.

He said those parties from outside the country acted in such a manner as they were envy of the government for its ability to develop the country with democracy that led to peace.

“They (certain quarters abroad) have been working together with small groups in Malaysia to infiltrate the people’s minds including hurling lies and slander at the prime minister.

“It was meant for ‘rakyat’ (people) to lose faith in the prime minister who was elected by the people through democratic process,” he said when speaking at the Aidilfitri open house of Sukau state assemblyman Datuk Saddi Abdul Rahman here yesterday.

Thank you everyone here for the solidarity against auntie @dis.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak has urged the people to use the correct channels to raise differing views.

He said as a nation which practises constitutional democracy, actions such as street demonstrations were wrong.

"If we were to demonstrate … and suddenly there are disruptions by Daesh terrorists, what will happen? There will be anarchy," he said.

Najib said this at a dinner in conjunction with the 2016 Students Parliamentary Session, at the Putra World Trade Centre here Wednesday night.

Also present were Higher Education Minister Datuk Seri Idris Jusoh, Malaysian Former Elected Representatives Council (Mubarak) president Tan Sri Abdul Aziz Rahman and Universiti Islam Antarabangsa Malaysia president Tan Sri Dr Rais Yatim.

Najib stressed that those who did not agree with the Government on certain issues should not play politics of hatred and should instead offer constructive alternatives to the Government.

Najib, who is also Finance Minister, also pointed out that the Government had aided the people tremendously in terms of cost of living, education, health and pilgrimage.

The Government in power now, he said, was a responsible government and was always concerned about the people's needs and strengthening the nation's economy in the long run. – Bernama

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

"@dis is also one of those anti government. Please do not associate with this auntie."


KINABATANGAN: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak has reminded the people to be wary of certain quarters who are trying to poison their minds to hate the government.

He said those parties from outside the country acted in such a manner as they were envy of the government for its ability to develop the country with democracy that led to peace.

“They (certain quarters abroad) have been working together with small groups in Malaysia to infiltrate the people’s minds including hurling lies and slander at the prime minister.

“It was meant for ‘rakyat’ (people) to lose faith in the prime minister who was elected by the people through democratic process,” he said when speaking at the Aidilfitri open house of Sukau state assemblyman Datuk Saddi Abdul Rahman here yesterday.

Thank you Ktsk88. Hope the rest will also follow suit. Ignore the the auntie @dis.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Enjoy my coffee and read some news. Vivocom price now 28 sen only. After weeks of price rise, profit taking will follow which is perfectly normal for any stock.

BEWARE OF A CONWOMAN HERE SPREADING RUMOURS ABOUT VIVOCOM, CREATING SCARY STORIES AND CREATING FEAR TO VIVOCOM INVESTORS. JUST IGNORE HER. DON'T SCOLD HER BECAUSE SHE HAS BEEN PAID TO DO HER JOB.

Hey guys just ignore the dog and let her bark. Don't fall into her trap.

Long term investors are not interested in the one or two sen gain. The daily price fluctuations are perfectly normal. But what is annoying are the lies, nonsense and rubbish being told here by @dis. And also vulgarities.