A classic case of David vs. Goliath.

We should go big into biogas, biomass-palm oil waste's use to convert into power energy and biodegrable plastic. This will solve palm oil sustainability issue and plastic waste at the same time. Govt. keep stupidly penalise poor citizens myr0.20-PEN to increase to myr0.50- for plastic bag but never think out of box. wakaka

pakatun cakap tak serupa bikin. wakaka

Perhaps, we can revive back HSP connecting KL with SIN using PFI method. withour burdening govt. deficit. wakaka

Post removed.Why?

MAS has myr1trillion debts., 13000 staffs.... Who will buy this cloned 1mdb? Mas ibarat mendukung biawak hidup. wakaka

yes, many brokers/ IB misuse the IDSS system by selling out clients' shares without permission. Short selling must be banned which bring more damage and tailspin to rotten market already. S/C is blind allowing such abuse robbing all retail shareholders. wakaka

KUALA LUMPUR (March 19): Salcon Bhd said its engineering unit has secured a water treatment plant construction contract in Sabah worth RM124.7 million.

In an exchange filing today, Salcon said the contract — awarded to its wholly-owned subsidiary Salcon Engineering Bhd by Rintis Dinamik Sdn Bhd — will involve works for the capacity expansion works for the Telibong II water treatment plant in Tamparuli, Sabah.

The expansion, which will be carried out on its main pipeline and storage tank, will increase the plant’s capacity from 80 million to 160 million litre a day.

Salcon said the contract will commence on March 28 for scheduled completion on Feb 18, 2021, and will have no option for renewal.

The contract is expected to contribute positively towards the group’s earnings for the financial year ending Dec 31, 2019 to Dec 31, 2021, it added.

Shares in Salcon closed 1.5 sen or 5.26% lower today at 27 sen, valuing the water and wastewater engineering company at RM221.02 million.

Past directors must also hold up, be accountable for myr70million leakage. How can they pretend naive, blind? All auditors died? wakaka

Why bull shit Bursa halt the MPCON's trading since it's managed to liquidify its assets now? wakaka

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYSIA PACIFIC CORPORATION BERHAD (MPCB OR THE COMPANY) SALE AND PURCHASE AGREEMENT BETWEEN MPCB AND ASIA NEW VENTURE CAPITAL HOLDINGS SDN BHD FOR THE DISPOSAL OF WISMA MPL HELD UNDER GERAN 9980, LOT 1203 SECTION 57, IN BANDAR OF KUALA LUMPUR, DAERAH OF KUALA LUMPUR AND NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR (LAND) AT A CASH DISPOSAL PRICE OF RM 189,000,000 (SPA).

The Request concerns a dispute arising from a contract for the Supply of Technical Documentation and Equipment for development of gas-condensate fields Adamtash, Gumbulak and Djarkuduk-Yangi Kilzilcha in the Republic of Uzbekistan (the “Contract”) entered into between the Claimant and the Respondent on 3 December 2010. Under the Contract, the SCC Rules shall apply to this Arbitration and the seat of arbitration shall be at Stockholm, Sweden.


By the said Contract, the Claimant was engaged by Respondent as contractor for the Supply of Technical Documentation and Equipment for development of gas-condensate fields Adamtash, Gumbulak and Djarkuduk-Yangi Kilzilcha. The original Contract Price was USD 212,110,000 and after subsequent addenda for change orders, the the final Contract Price was USD 272,028,478.88.


In commencing Arbitration, the Claimant is seeking for claims and damages in excess of USD 96 Million in relation to unpaid invoices for work done, costs arising from breach of the Contract, costs arising from design changes, additional works performed, prolongation of contract and financial losses.



This Arbitration is part of the Claimant’s on-going recovery actions to protect and preserve the Claimant’s rights and monetary claims under the Contract pursuant to all of the Claimant’s efforts to resolve the matter in an amicable way with the Respondent.

KUALA LUMPUR (March 8): Olympia Industries Bhd is getting a four-storey bungalow as payment for most of a RM5.55 million debt owed by a company controlled by its major shareholder and managing director, Tan Sri Yap Yong Seong, widely known as Duta Yap.

The debt is interest (full amount: RM5,547,651.31) incurred from the RM55.3 million that Yap's 100%-controlled City Properties Sdn Bhd (CPSB) owed Olympia previously, which had been offset via the transfer of 15 condominium units at 9 Madge in Taman U-Thant to Olympia in 2015.

Olympia said in a stock exchange filing today that its unit United Malaysian Properties Sdn Bhd will get the bungalow, located at Taman Sri Hartamas with a built up of 543.9 sqm, from Sri Aman Development Sdn Bhd (SADSB), a company in which Yap has an indirect 75% stake, held via his son Yap Wee Sean. UMP has inked a sale and purchase cum settlement agreement with SADSB and CPSB for the related party transaction.

“The proposed transaction will enable the company to recover most of the outstanding amount due from CPSB, as well as to increase its portfolio of investment properties,” Olympia said, adding that the deal is expected to be completed by the second quarter of this year.

After setting-off the bungalow's purchase price of RM5.5 million, CPSB still owes Olympia RM47,651.31, which it shall pay off "at such times and in such manner as CPSB and the company may from time to time agree upon".

Yap holds a 32.52% stake in Olympia. He also controls Dutaland Bhd, where he has a 53.78% stake and is its managing director.

Olympia shares closed 0.5 sen or 4.76% higher at 11 sen today, giving the group a market capitalisation of RM112.58 million.

ya...grand master in crook. wakaka

Yes, concur with Calvin...actually, i also have some share bought at higher price than market now. its strong balance sheet which pull me in it. But, i miss out the boat to average down when's its at rock bottom price. So, now can only keep watching others make $$$$$. wakaka

Take over of tolls increase national debts which burden tax payees again. No wonder Nobita always haunt poor citizens with tax evasion nonsense as if all are criminals. 2019 LHDN targeting myr150billion tax. This take over is a desperate move by Pakatun to win in Semenyih byelection.

Since many under-appreciate General Lee, just let him privatise...no point listing in local I C B C stock market. wakaka

Many local O&G make profit not due to real world competitiveness. it's from Petronas's cronyism which still prevail in Malaysia Baru unfortunately. wakaka

General Lee is doing great in Europe without govt.'s help. Europe business keep growing, make profit...But, so many impairment loss/ shut down for local business without govt.,/Petronas support. General Lee can be perceived as global champion but fail as jaguh kampung which latter always prevail due to cronyism, patronism. Anyway, still believe General Lee will emerge stronger after so many challenges. Hold bit longer, I'm sure there will be light at the end of the tunnel.

The Board of Directors of Salcon Berhad ("Company") is pleased to propose a first and final dividend via the distribution of treasury shares on the basis of one (1) treasury share for every twenty-nine (29) existing ordinary shares held in the Company ("Share Dividend") in respect of the financial year ended 31 December 2018 for the approval of the shareholders at the forthcoming Company's Sixteenth Annual General Meeting.

The proposed entitlement and payment dates for the Share Dividend shall be determined at a later date and announced accordingly.

4th Qtr NP myr2.9Million! Not bad.....wakaka

Dont worry, we trust Ayam brand sardine fully. wakaka

Everyone already declare except this water dragon who chicken out till last day. Poor result? wakaka

Ah Moi just declare negligible Qtr loss myr3.5million. Anyway, we believe on young Andrew to do real turnaround. It's e-commerce new project is in progress now which will be the game changer to its retail business.

It's not real operational loss. It's NON-Cash accounting loss since it can't claim for tax deduction of got profits in future. Nobita very happy....This is Nobita's great idea to bully corporate. wakaka

KUALA LUMPUR, Nov 2 ― Business entities are allowed to carry forward unabsorbed losses and unutilised capital allowances in a year of assessment for a maximum period of seven years of assessment, said Minister of Finance Lim Guan Eng.

Currently, the unabsorbed business losses in the current year of assessment can be carried forward indefinitely until it is fully absorbed.

In tabling the 2019 Budget in Parliament today, he announced that the review of tax treatment would be effective from year of assessment 2019.

“This could minimise the revenue loss to the government,” he added.

As for the unutilised capital allowances in a current assessment year, Lim disclosed that it can be carried forward to be deducted from the adjusted income of the subsequent years of assessment indefinitely until it was fully utilised. ― Bernama

i guess this DTA is cancelled if not used after 7 years as per NOBITA's recent announcement. . Blame nobita. wakaka

Mulfart declared 4th Qtr : SUPERB crazy Net profit myr95Million!! Diam diam ubi berisi. wakaka

Ok, Convinced by Sardine'great article on KNM great potential, i top up further this Cap ayam sardine ....wakaka

We missed sleepy Pak Lah a lot. Although he always sleeping at job, but the damage to the nation is not worse as much done by Najis and Pakatun within short period of time. wakaka

When our finance minister unable to do any GLC reform, Nobita changed target to tax evaders with email haunting high net worth individuals for more tax. Semenyih byelection-Chinese will teach Nobita a lesson. wakaka

Actually, when all votes for Pakatun, we expect drastic reform which cleansing must be in all govt. body in EPF as well. Must appoint professionals replace all lousy political appointees in EPF, GLC which in bad shape. EPF fund is used to bail out lousy GLC only. wakaka

EPF is the lousiest investor. Whoever follow EPF, sure died. wakaka

EPF dont declare HUGE impairment paper loss of slumping shares price anymore. Profit only declare. So, kasi sendiri shok syndrom. wakaka

Former managing directors, Ng Ying Loong (pic) and Anto Joseph, have raised their stake in the power plant builder.

They now control the biggest block of shares in the company.

Dataran Sentral (M) Sdn Bhd, the management company owned by Ng and Joseph, acquired 6.5 million shares in Mudajaya from Mulpha International Bhd on Dec 5 at 90 sen each, filings with Bursa Malaysia yesterday showed.

The transaction increased Dataran Sentral stake in Mudajaya to 110.18 million shares or 20.5%

so, will both Ng, Anto make a comeback to directors to revive Mudabangla?

If Mulfart boss already has ZERO stake, why his lousy crony directors still inside the board? Who is the largest shareholder now? Will there be new impending change of board of directors??

Now, I also got Mudabangla given FOC by Mulfart boss. HOpefully, the leaving of Mulfart will push up Mudabangla. wakaka

US ok with dictatorship as long as one bowing down, become their puppet which serves US interest. US so-called human rights is lipservice only. we're ok to be US puppet but not china. wakaka

Angan angan Mat Jenin..... wakaka

all never really vote for pakatun. we vote out najis. wakaka

Bcs US Trump never sanction on Saudi. if we deal with Venezuela, then we're doom as its sanctioned by idiot trump. wakaka

we can't put whole blame on captain alone. it's whole team work. just sack all ineffective ministers and replace them with competent senate members derived from EAC team. EAC should not exist at all with duplication of function, waste of resources.

Insanity: doing the same thing over and over again and expecting different results.....Just admit Potong is a failed venture, why repeat again same mistake? Pisang Berbuah Dua Kali???? wakaka

The Look East policy, introduced in February 1982, aims to emulate Japan's work ethic and business skills and to acquire Japanese technological knowhow. It was the brainchild of then Prime Minister Mahathir Mohamad. ... still dreaming after 37 years??? wakaka

Visit Japan can see sakura foc. wakaka

Cost halved, 2ndly, CCCC willing to share operational, financial risk. 3rd, If aborted, myr25billion compensation. 4th, more local participationin jobs. Any reason why reject? In any legal contracts, who can give too much concession like cccc?

Poor citizens does not care partisan politics. What we want is any ideas as long as contribute to nation buiilding, he'll be our hero. If DAP's idea is great, we thumbs up. If BN ideas is great, we also support. Stop all the petty fighting with no productivity. Think of big picture, not partisan benefit with own selfish agenda ironically obvious in current nation's politics.

I like DAP Liew Chin Tong's idea the most. Why dont miss out expensive tunnel, by connecting via Gemas, Johor? Once cargo rail can connect 360 our nation- rail will play very important part. We keep HENTAM ECRL just bcs its 1st mooted by Najis, does not mean its lousy idea. Najis contribute more than current cabinet in economy-take aside 1MDB disaster

KUALA LUMPUR: Keretapi Tanah Melayu Bhd (KTMB), the country’s largest rail service, has lost almost RM3 billion since it was corporatised in 1992. Improve the service realibility to increase demand. Once this rail cargo service failure can be settled, ECRL will become feasible. We keep harping no demand, but why never think how to grow the rail business which play very important connect logistics chain in China? Last time, everyone also talk about PKFZ white elephant, today look at its success.

means, its over-staffed, nothing to do. so, pls cut down head counts, dont always haunt us for tax penalty.