izoklse

izoklse | Joined since 2012-08-09

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News & Blogs

2016-02-20 19:02 | Report Abuse

we are waiting for our President Town Hall on 1st March 2016 2.00 pm on the fate of RAPID Pengerang Project. 50 Billion reduction in CAPEX and OPEX should effecting this project and other PETRONAS project.

Stock

2016-02-19 11:29 | Report Abuse

i already average down. Thank you for pushing it down. Huraiiiiiiiiiiii. Huat laaaa.

Stock

2016-02-16 12:20 | Report Abuse

hahahahhahah.wakakakakakakkaak

General

2016-02-15 21:40 | Report Abuse

http://www.malaysia-today.net/this-is-outrageous/

THIS IS OUTRAGEOUS!

If this letter is real, that means Tun Dr Mahathir Mohamad is guilty of conspiring to manipulate the share market – which eventually caused many retail investors to lose their pants and go bankrupt.

The name in the letter is the famous Repco Low who manipulated the share price of Repco Holdings.

The saga involving Malaysia’s Repco Holdings, arguably the biggest market manipulation incident the stock market has ever witnessed – at the very least, it is the most jaw-dropping event in the country’s mid-90s bull run.

Wrap your head around this – Repco’s stock traded at around RM5.00 in 1996, was manipulated to as high as RM140.00 a year later, and in 1998, one year later, plumged to RM2.98. The counter was subsequently suspended in 2000 and delisted three years later (meaning dropped to ZERO!) – causing thousands to lose all their money.

The thing is that during the Repco days, on one side they were playing up the whole stock market and on the other hand they were dishing out the pink forms.

It was like a party where everyone made obscene profits!

And now we know that it is based on officially-sanctioned manipulation at the highest level.

And when the party ended, ordinary Malaysians were left holding the bag and sustained shocking losses.

Today, the Kuala Lumpur Sessions Court has once again adjourned the sentencing of Low Thiam Hock, better known as “Repco Low” in stock market circles, to Feb 29, 2016.

Following a near two-hour mitigation session by Low’s lawyer on Monday, Sessions Court judge Mat Ghani Abdullah has pushed the decision for sentencing to the end of the month.

The prosecution is asking that Low be sentenced between five to eight years, and has also demanded prosecution cost of RM3.02 million.

Low was initially supposed to be sentenced on Monday, after being found guilty on Jan 11 for manipulation of Repco Holdings Bhd shares.

If this letter, as exposed by RPK, is real then Tun Mahathir must take responsibility for assisting in manipulating our country’s stock market and be held responsible for the losses of countless retail investors.

After the crash or Repco shares and the 1998 crash, retail investor participation in our stock market was never the same again.

Of course, Mahathir does not need to state the counter since Repco Low owns Repco and hence he would push up his own counter lah… DUH!

How would foreign investors have confidence in our stock market if it is known that our very own ex-PM actually actively participated in market manipulation of such staggering proportion with the most well-known “share operator” of all?

http://www.malaysia-today.net/mahathirs-last-desperate-attempt-to-save-his-son/

General

2016-02-15 21:35 | Report Abuse

http://www.malaysia-today.net/mahathirs-last-desperate-attempt-to-save-his-son/

THE CORRIDORS OF POWER

Raja Petra Kamarudin

Tun Dr Mahathir Mohamad said that all those who are living beyond their means should be investigated (READ HERE). Actually, Malaysia Today said the same thing ten years ago back in 2006 when it was revealed that the Khairy Jamaluddin had bought 13 million ECM Libra shares for RM9.2 million. (That is worth about RM12.6 million today).

There is more to this story, though, because ECM Libra was going to merge with Avenue Capital Resources Bhd to become Malaysia’s largest investment bank and Khairy’s father-in-law, Tun Abdullah Ahmad Badawi, was the Finance Minister cum Prime Minister. So there is an element of conflict of interest here.

However, that is another issue. What we want to talk about here is what Dr Mahathir said today about investigating those who are living beyond their means. Khairy said that he borrowed the RM9.2 million from a bank to buy those 13 million ECM Libra shares.

But then Khairy never published the documents to prove it. He just said he borrowed the money. How do we know he did that? How do we know he did not steal the money or that the money came from bribes because we know he does not have RM9.2 million?

And Khairy did not do what Dr Mahathir has asked the Attorney General, Mohd Apandi Ali, to do: swear on the Qur’an that he did not steal the money or that the money did not come from bribes and that he, in fact, borrowed the money from a bank.

If the issue about living beyond your means comes to question then the government should have investigated how Mirzan Mahathir managed to own Konsortium Perkapalan Berhad? The company eventually accumulated debts of RM1.7 billion and Petronas was asked to bail out the company to save his son. So that comes to yet another conflict of interest since this was done when Dr Mahathir was the Prime Minister.

It is very tiring to hear Dr Mahathir preaching about what should be done and what should not be done and about him asking people to swear on the Qur’an if they are innocent of any crime.

Why did Dr Mahathir give Libyan-American Sadeq Mustaffa RM440 million to set up InventQjaya Sdn Bhd?

Why did Dr Mahathir grant Indah Water Konsortium a concession to manage the national sewerage system and gave them RM1.4 billion on top of that?

Why did Dr Mahathir not sell Malaysian Airlines System (MAS) through an open tender instead of giving it to Tajuddin Ramli who had no knowledge whatsoever about running an airline? And why did Dr Mahathir buy back MAS at RM8.00 a share when the shares were being traded at only RM3.60?

Why did Dr Mahathir bail out Time Dotcom Bhd, which had debts of RM5 billion? Furthermore, why did Dr Mahathir bail out Time Dotcom Bhd using RM904 million from Kumpulan Wang Amanah Pencen thereby incurring an instant loss of RM280 million? And did Dr Mahathir not also ask EPF to buy 81.6 million Time Dotcom shares at RM3.30 when the shares were being traded lower hereby incurring a loss of RM100 million?

Why did Dr Mahathir bail out Projek Usahasama Transit Ringan Automatik Sdn Bhd (Putra), which belonged to Renong, and Sistem Transit Aliran Ringan Sdn Bhd (Star) using almost RM600 million of EPF’s money and which resulted in EPF having to write off RM135 million with a share loss of RM96 million?

Why did Dr Mahathir award a RM24.3 billion contract to PSC Industries Berhad together with an advance of more than RM2.5 billion to build naval patrol boats?

The list can go on and on but it is beginning to become very tedious listing down the hundreds of ‘why did Dr Mahathir yada, yada, yada’. Did Dr Mahathir ever prove he was not guilty of any wrongdoing or swear on the Qur’an that he is innocent?

The point is Dr Mahathir preaches and moralises whereas when he was Prime Minister for 22 years he was even more blatant in his abuse of power and the money he lost through his misadventures — if they were misadventures in the first place and not acts of corruption. But then at that time we were not allowed to question what he did the way he is questioning others today.

And when the allegations were made and he was asked to explain his actions we never said he was guilty until and unless he can prove his innocence. We accepted the doctrine that someone is innocent until and unless it has been proven that that person is guilty.

However, when it comes to others, Dr Mahathir says they are guilty until and unless they can prove their innocence. And Dr Mahathir wants people to prove their innocence and to swear on the Qur’an that they are innocent.

Even when there is evidence that Dr Mahathir has committed a crime he merely writes a letter admitting what he did (since he cannot deny it any longer any way) and then says that he was not aware that what he did was a crime. The letter below shows how Dr Mahathir escapes punishment for crimes he has committed and where the evidence is very clear: he pleads ignorance ...

News & Blogs
Stock

2016-02-05 09:11 | Report Abuse

ok nak sambung keje. :-)

Stock

2016-02-05 09:07 | Report Abuse

Hibiscus said it viewed this as “a clear attempt by the subject directors and their related parties to avoid liability through improper means.” GHL and its nominee director have challenged the latest actions by LKFL and the directors.

“In addition, as Section 12.1 of the shareholders’ agreement stipulates that each shareholder of Lime Plc (including Rex and Schroder) can only nominate one director each, the above position of three nominees from two shareholders represents a serious contravention of the shareholders’ agreement, and will be subject to appropriate legal and other action accordingly,” it said.

Stock

2016-02-05 09:05 | Report Abuse

It said its unit Rex International Investments Pte Ltd’s (RII) direct interest in Lime Norway had increased from 26.18% to 96.49% after subscribing to the entire new share issue of Lime Norway for 77.4 million kroner (RM37.4mil).

Rex said Lime Plc, in which Rex has a 65% interest, held the remaining 3.51% interest in Lime Norway.

Hibiscus is disputing this, saying in its quarterly report for the quarter ended Sept 2015 that RII would only have a 26.18% direct interest in the enlarged paid-up capital of Lime Norway, with Lime Plc holding the remaining 73.82% direct interest.

According to Hibiscus, its group’s effective interest in Lime Norway would decrease only to 25.84% from 35% previously on completion of RII’s capital injection into Lime Norway.

Stock

2016-02-05 09:04 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/02/04/hibiscus-jointly-controlled-company-lime-petroleum-faces-liquidation/

Hibiscus’ jointly-controlled firm Lime Petroleum faces liquidation

KUALA LUMPUR: Hibiscus Petroleum Bhd’s associate company, Lime Petroleum Plc (Lime Plc), which holds oil and gas concessions in Norway and the Middle East, is facing the possibility of being wound up.

Hibiscus told Bursa Malaysia that three Lime Plc directors nominated by the early-exploration firm’s other shareholders -- Rex Middle East Ltd and Schroder & Co Banque SA -- had called for a shareholders’ meeting on Thursday, Feb 4, to consider the winding up of Lime Plc as well as other matters.

Hibiscus had purchased a 35% equity stake in Lime Plc for US$55mil (RM225.2mil) in 2012. Its stake is being held by unit Gulf Hibiscus Ltd (GHL).

Hibiscus, which had been a special-purpose acquisition company prior to entering the Lime venture, said one of the Lime Plc directors Laurence Keenan, through his wholly-owned outfit LK (Fiduciaries) Ltd (LKFL), had stated that he and the other two directors, Karl Helge Tore Lidgren and Simon Comina, planned to make decisions at the meeting without the presence of the GHL-nominated director.

“According to LKFL, one of the consequences of the winding up action will be the staying of the derivative action against the subject directors (which will be to the benefit of those individuals),” Hibiscus said in its statement.

The company said the matters set out in LKFL’s letter regarding the meeting were initiated and pursued by parties “who are all conflicted and have self-serving interests in the matter.”

Hibiscus said it viewed this as “a clear attempt by the subject directors and their related parties to avoid liability through improper means.” GHL and its nominee director have challenged the latest actions by LKFL and the directors.

“In addition, as Section 12.1 of the shareholders’ agreement stipulates that each shareholder of Lime Plc (including Rex and Schroder) can only nominate one director each, the above position of three nominees from two shareholders represents a serious contravention of the shareholders’ agreement, and will be subject to appropriate legal and other action accordingly,” it said.

On Dec 23 last year, GHL filed a suit against the three directors for alleged breach of trust and/or breach of fiduciary duty, particularly in relation to the actions taken to effect a substantial dilution of Lime Plc’s shareholding interest in Lime Petroleum Norway AS (Lime Norway) under a restructuring undertaken by Lime Norway.

Lime Norway, a pre-qualified oil company in Norway which has stakes in 19 exploration and production licences there, is a wholly-owned subsidiary of Lime Plc. The suit was to enable Lime Plc, an entity which is jointly controlled by GHL, to make claims estimated at “US$100mil and above” against the trio.

Singapore-listed Rex International Holding Ltd, which wholly owns Rex Middle East Ltd, announced to the republic’s securities exchange on Dec 14 that Lime Norway had completed a restructuring exercise approved by Lime Norway’s shareholders at an EGM in October 2015.

It said its unit Rex International Investments Pte Ltd’s (RII) direct interest in Lime Norway had increased from 26.18% to 96.49% after subscribing to the entire new share issue of Lime Norway for 77.4 million kroner (RM37.4mil).

Rex said Lime Plc, in which Rex has a 65% interest, held the remaining 3.51% interest in Lime Norway.

Hibiscus is disputing this, saying in its quarterly report for the quarter ended Sept 2015 that RII would only have a 26.18% direct interest in the enlarged paid-up capital of Lime Norway, with Lime Plc holding the remaining 73.82% direct interest.

According to Hibiscus, its group’s effective interest in Lime Norway would decrease only to 25.84% from 35% previously on completion of RII’s capital injection into Lime Norway.

Hibiscus shares gained 2.5 sen to close at 21 sen on Thursday, with 19.32 million shares being traded.

Stock

2016-02-05 09:03 | Report Abuse

hahahah pandai bankruptcy. Polo pun bodoh beli saham company yg nak bankruptcy. hahahahahah. Lain kali baca betul-betul.

General

2016-02-04 23:27 | Report Abuse

http://www.malaysia-today.net/th-records-highest-profit-in-its-52-year-history/

TH depositors will be getting a 5% bonus plus 3% Hajj bonus for those who have yet to perform the Hajj.

(Free Malaysia Today) – Lembaga Tabung Haji (TH) today revealed that it managed to rake in RM3.53 billion in profit, the highest it has recorded since it was established 52 years ago.

The amount, according to Minister in Prime Minister’s Department Jamil Khir Baharom, represented a 19% increase from the RM2.98 billion earned in 2014.

“With this performance, TH will be distributing RM3.23 billion to our 8.85 million depositors, which means each individual will be getting a 5% bonus.” he said, adding that those who had yet to perform the Hajj would get an additional bonus of 3%.

“From the total profit, RM59.3 million will be used to pay for zakat while RM300 million will be kept for TH’s reserves,” he said in an announcement at TH headquarters here today.

Jamil Khir said TH had decided on the amount of reserves after considering Bank Negara Malaysia’s recent assessment of its reserve levels.

The central bank recently said that TH’s reserve levels were in the negative and it would not be able to pay dividends this year if it did not take steps to resolve the matter.

In a letter dated December 23, Bank Negara Governor Zeti Akhtar Aziz told the pilgrims’ fund that it had only 98 sen in assets for each ringgit in liability.

Section 22 of the Tabung Haji Act stipulates that it could not announce dividends and bonuses if its assets were worth less than its obligations.

Stock

2016-02-04 18:01 | Report Abuse

Hahahahah from 0.34 i average down till 0.23. Now waiting for hydra,outcome from drilling in norway and anasuria. Hehheheehhhehehehehehehehheheeh. Wakaakaakakakaakkaka. Huh puas. Lagi kalau jatuh lagi aku average down provided it is an attractive price la. Hahahhahah.

Stock

2016-02-04 16:47 | Report Abuse

heheheheh aku hanya mampu ketawa terbahak-bahak. cepat cepat kasi sampai 0.23. heheheh.

General

2016-02-01 20:21 | Report Abuse

http://www.malaysia-today.net/when-abu-kassim-speaks-from-his-sorry-behind/

WHEN ABU KASSIM SPEAKS FROM HIS SORRY BEHIND


As Malays would say, “Lebih baik kafir dari orang Islam macam ni.” Yes, you must be careful of such Muslims who are worse than kafir. I would call these people from MACC orang Islam munafiq.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

Some people speak with their mouths, some from their sorry behinds where the sun does not shine. The MACC Chief Abu Kassim Mohamed speaks from his sorry behind where the sun does not shine.

Abu Kassim said, “Saya ingin menegaskan bahawa saya rela bersara daripada mengambil tindakan ke atas pegawai yang selama ini mempertahankan kebebasan SPRM dan menegakkan keadilan, serta hanya menjalankan tanggungjawab yang diberikan mengikut undang-undang negara. Pengurusan Tertinggi SPRM memberi jaminan akan terus melaksanakan amanah yang diberikan dengan bebas, telus dan profesional.”

I can imagine why he said that — because there are a lot of crimes that his officers have committed and some of those crimes involve him. So, if he takes action against his officers, then he, too, would have to go to jail. And just one case, the case of lawyer Rosli Dahlan, is enough to demonstrate how dishonest this Abu Kassim is.

This was what Rosli Dahlan wrote to Abu Kassim in 2012: “I implore you not to allow this sacred institution (MACC) to be used as tool of oppression and persecution in the guise of false prosecution against innocent citizens. Otherwise, you will one day see your own hands in the destruction of t‎his institution.”

And Blogger Din Merican has this to say: “MACC’s Adviser Tan Sri Rashpal Singh, Head of AMLA Jessica Gurmit Kaur, and prosecutor Ahmad Sazilee Abdul Khairy were arrested together with two MACC directors Bahri Md Zain and Rohaizad Yaakub, who were then transferred to the Prime Minister’s Department.”

“MACC’s Tan Sri Abu Kassim named as the 1st Defendant in Rosli’ suit is said to be recovering from a back surgery as a camouflage for MACC’s inaction. Many including me remain unconvinced and have called him a general who abandoned his troops in the middle of a battle. MACC officer Mohan Muthaiyah, who brutally arrested and handcuffed Rosli until his wrist bled, was himself charged for corruption and was convicted.”

So there you have it. MACC is nothing but a vipers’ pit. It is where all the crooks congregate. And they can be hired for a price to fix up anyone who you would like to see neutralised.

And this is not the first and only time they are doing this. They have been doing it for so long and have been getting away with it. This time, however, their victim refuses to pay ‘under-the-table’ to make the case go away. This time their victim is fighting back. So now MACC is scared shit and does not know what to do.

Let me make this very clear. These are the same people who pray five times a day. These are the same people who go to Mekah every year so that they can clean the dirty money that they earn. These are the same people who will not drink beer or eat pork. Yes, these are the same people who in the name of Allah would fix you up for a price.

Aren’t you all bloody glad you are not Muslim when these are fine specimens of what pious Muslims are?

As Malays would say, “Lebih baik kafir dari orang Islam macam ni.” Yes, you must be careful of such Muslims who are worse than kafir. I would call these people from MACC orang Islam munafiq.

Anyway, you can read more about this slime-ball and scumbag named Abu Kassim who is masquerading as a pious Muslim in these links below:

Cheque butts, butt fetish and MACC the butt of the joke (Malaysia Today, 1 January 2010)

http://www.malaysia-today.net/cheque-butts-butt-fetish-and-macc-the-butt-of-the-joke/

Rosli v. MACC: Will Abu Kassim be a ‘no-show’? (Free Malaysia Today, 8 June 2015)

http://www.freemalaysiatoday.com/category/nation/2015/06/08/rosli-v-macc-will-abu-kassim-be-a-no-show/

A case that can teach MACC to be humble (Free Malaysia Today, 22 September 2015)

http://www.freemalaysiatoday.com/category/highlight/2015/09/22/a-case-that-can-teach-macc-to-be-humble/

Death of Kevin Morais: MACC should settle and let him rest in peace (Din Merican, 23 September 2015)

https://dinmerican.wordpress.com/2015/09/23/death-of-kevin-morais-macc-should-settle-and-let-him-rest-in-peace/

Not wrong in ordering lawyer to declare his assets, says prosecutor (The Malaysian Insider, 8 June 2015)

http://www.themalaysianinsider.com/malaysia/article/not-wrong-in-ordering-lawyer-to-declare-his-assets-says-prosecutor

Why is A-G Gani Patail afraid to go to trial against Rosli Dahlan? (Din Merican 1 April 2015)

https://dinmerican.wordpress.com/2015/04/01/why-is-a-g-gani-patail-afraid-to-go-to-trial-against-rosli-dahlan/

The case of Rosli Dahlan: The MACC On Trial (Din Merican, 18 June 2015)

https://dinmerican.wordpress.com/2015/06/18/the-case-of-rosli-dahlan-the-macc-on-trial/

General

2016-02-01 17:12 |

Post removed.Why?

Stock

2016-01-31 20:15 | Report Abuse

oh bursa open tomorrow?

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2016-01-31 11:55 | Report Abuse

What you all talkinging about. this one will follow sumatec la. Tunggu sumatec naik. Ini adik will follow. Aiyo itu pun susah paham ka.

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2016-01-29 23:49 | Report Abuse

because they are at the lowest level now and has been hit hard by the slump in global oil price. This made those previously very expensive oil stock become very cheap and what we all know oil like most of other commodities will goes up eventually when demand and supply issues solve. So that's why it become attractive and people start to buy and keep for long term or mid term.

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2016-01-29 23:42 | Report Abuse

it look attractive to buy but aiyo duit tak cukup pulak.

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2016-01-29 23:36 | Report Abuse

so happy :-)

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2016-01-29 23:36 | Report Abuse

i wont give you a recommendation to buy or sell. you should buy when the price are very low. not chase it when the price already moving up.

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2016-01-29 23:21 | Report Abuse

because its follow global oil price rally.

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2016-01-29 23:20 | Report Abuse

oit crazy where u see that?

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2016-01-29 23:18 | Report Abuse

aiyo berat la suma ni mau naik.heheh

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2016-01-29 23:16 | Report Abuse

aik mana semua org yg kutuk aku hold hari tu ? sulah hilang ka ?

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2016-01-29 14:49 | Report Abuse

0.23 please. :-)

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2016-01-29 11:04 | Report Abuse

huraiiiiiiiiiiiiiiiiiiiiiii

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2016-01-28 22:10 | Report Abuse

heheheh my holding now 0.23. keep coming. waiting for the deal between russia and OPEC and action by Nigeria :-).

News & Blogs

2016-01-27 23:54 | Report Abuse

HOW DR MAHATHIR LEFT A TRAIL OF DESTRUCTION IN TABUNG HAJI

http://www.malaysia-today.net/how-dr-mahathir-left-a-trail-of-destruction-in-tabung-haji/

Actually, the Tabung Haji story is a 20-year old story and more than ten years ago people were already talking and writing about it. The Tabung Haji fiasco actually started when Tun Dr Mahathir Mohamad was Prime Minister and Anwar Ibrahim his Deputy and Finance Minister.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

The ANC (Anti-Najib Campaign) is getting a bit slow nowadays. I would have expected by now they would be screaming, ranting, raving, moaning, groaning and foaming at the mouth regarding the Tabung Haji issue. It is, after all, many hours since the news first broke.

I suppose the ANC has to be very careful with this one. And that is because if they start screaming, ranting, raving, moaning, groaning and foaming at the mouth the real story about Tabung Haji might just surface.

Actually, the Tabung Haji story is a 20-year old story and more than ten years ago people were already talking and writing about it. The Tabung Haji fiasco actually started when Tun Dr Mahathir Mohamad was Prime Minister and Anwar Ibrahim his Deputy and Finance Minister.

Anyway, you can read the story regarding Tabung Haji below, which was written by Leslie Lopez in the ASWJ in 2004. And we all believe the Wall Street Journal, right? They are the trusted source for the 1MDBD expose and we trust them because they would never lie to us.

*******************************************************

Malaysian Fund Undergoes Scrutiny — Government Vehicle Draws Ire as Soured Investments Shrink Once-Hefty Payouts

By Leslie Lopez, The Asian Wall Street Journal

1 December 2004

KUALA LUMPUR — Salmah Mahjid runs a small food stall on the fringes of the financial district here. Each month, she puts 20% of her income into an account at Lembaga Urusan Tabung Haji, a unique government-owned investment fund created to finance Malaysian Muslims’ pilgrimages to Mecca.

The 43-year-old mother of five has just one goal: to create a nest egg for her family to make their pilgrimage, a sacred duty for all Muslims. “I know the money will be there when we need it,” Ms. Salmah says.

But for Mokhtar Hamid, a retired government employee who has put all of his savings into Tabung Haji, the fund was also a steady and lucrative investment. Setting aside money for his pilgrimage is one reason, he says. “The other was the good returns Tabung Haji used to give me.”

For most of the 1980s and early 1990s, Tabung Haji paid annual dividends averaging more than 8.5%, much higher than the interest offered on savings by Malaysian commercial banks in those years.

But the robust dividends are gone and some unhappy depositors like Mr. Mokhtar are blaming Tabung Haji’s management for making ill-advised investments that have eroded the fund’s bottom line. Since Asia’s financial crisis struck Malaysia in 1997, the fund has slashed its annual dividend to barely more than 3%. “This institution is based on religion and the money has been deposited for holy reasons,” Mr. Mokhtar says. “But the management has been a huge letdown.”

Indeed, Tabung Haji’s affairs, long shrouded from public view, are coming under scrutiny.

A report by Malaysia’s Auditor General, which was released in July, says that some of the fund’s big investments were tainted by serious management mistakes, leaving the fund burdened with poor-quality assets. The unusually harsh report has prompted a police complaint against Tabung Haji by an ethnic Malay student group. Government officials also say that the country’s Anti-Corruption Agency is investigating several of Tabung Haji’s investments.

Tabung Haji officials declined to comment on the developments. But several senior executives, who spoke on condition of anonymity, say the Auditor General’s report reflects missteps made in the past. They insist the situation has improved. “There are problems, but new measures have been put in place to make sure these problems don’t recur,” says one Tabung Haji executive. He says a 2001 management overhaul helped turn around the fund. For 2003, it produced a profit of 414 million ringgit ($108.9 million), up from 368 million ringgit in 2002.

Still, bankers and government officials familiar with the fund’s affairs say Tabung Haji’s improved earnings largely reflect the more robust Malaysian stock market.

What is more, the fund is still burdened with problems inherited from the mid-1990s, bankers and government officials say. These include a portfolio littered with bad bets such as some sour loans to Malaysian business groups and overpriced property acquisitions. Such investments have crimped Tabung Haji’s ability to provide bigger dividends to the 4.5 million depositors who have collectively invested more than $3 billion in the fund.

READ MORE :
http://www.malaysia-today.net/how-dr-mahathir-left-a-trail-of-destruction-in-tabung-haji/

News & Blogs

2016-01-27 03:06 | Report Abuse

tak habis habis red bean army ni.

Stock

2016-01-22 19:32 | Report Abuse

i sulah lama buy in counter ma. Go and ready the history of this tread la derrickinvestor1. I also buy KNM yesterday. So my portfolio for O & G now is PCHEM, KNM, HIBISCUS & SUMATEC.

Stock

2016-01-22 19:28 | Report Abuse

hello HaliaMaduPeng so long already we declare here that we hold Hibiscus share. What u just a new comer ka ? aiyo. Go and ready history of this tread la.

Stock

2016-01-22 19:24 | Report Abuse

oil now sky rocketing. Saudi Booming Syria IS oil strategic port and IS attacking Libya oil port and pipeline. America going to be hit by major storm next week and all located in east coast where a lot of shale all terminal located. hehheheh. keep on coming.

Stock

2016-01-22 19:20 | Report Abuse

my cost not 0.34 anymore. I update here already already as i start average down from 0.15 and below. Now my cost is 0.25. Hheheheheheh. Im so so so happy.

Stock

2016-01-22 15:42 | Report Abuse

hehehh will come :-)

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2016-01-22 15:26 | Report Abuse

huraiiiii

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General

2016-01-21 20:32 | Report Abuse

WTF if you donno our struggle don`t simply say. we at PETRONAS also work hard and do our best for our family, organization and nation.

Stock

2016-01-21 14:30 | Report Abuse

yeah i will start join in buying KNM. :-)

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2016-01-21 14:27 | Report Abuse

Ok will pump in more money after lunch to average down more in Hibiscus and Buy in KNM. :-) .

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2016-01-21 12:16 | Report Abuse

aiyo why not going down. so sad.

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2016-01-21 01:19 | Report Abuse

tunggu bila mau jatuh lagi

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2016-01-21 01:19 | Report Abuse

This now become my another darling in bursa.

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2016-01-21 01:14 | Report Abuse

tomorrow is the best chance to hit 0.11. huraiiiii. and another part of my money will hentam KNM KAW KAW ONE. But not now. wait till BRENT USD 20 - 23.

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2016-01-20 17:30 | Report Abuse

huraiiiiiii. almost hit 0.1. cepat cepat. kasi hit 0.1. sikit duit mau simpan untuk hentam KNM. heheheheh. cepat kasi lagi murah.