NAJIB Start to distroy Mahathir Crony start with Francis Yeohm YTL

NAJIB IS EITHER BRAVE OR HE HAS A DEATH-WISH
http://www.malaysia-today.net/najib-is-either-brave-or-he-has-a-death-wish/
THE CORRIDORS OF POWER

Raja Petra Kamarudin

Not too long ago Francis Yeoh said he does not depend on the Malaysian government and does not need the government to make money. He can make money overseas, which is where his money really comes from, said Francis.

Actually that is not entirely true. Since 1993, YTL Power Generation Sdn Bhd alone is estimated to have earned around RM15-20 billion from selling electricity to TNB. And that is only from one of YTL’s businesses, mind you.

The power plants were a cash cow cum goose that laid the golden eggs for YTL, and diamond-studded eggs on top of that. But that is now all gone (SEE THE BERNAMA NEWS ITEM BELOW).

The lovely thing about this entire arrangement is that YTL did not have to do any work or come out with any money. Siemens designed, built, financed and maintained-operated the entire project. YTL just received a cheque from TNB, which started at RM600 million a year in the beginning and gradually increased as they went along.

YTL, in turn, bought gas cheap from Petronas, considered below market price, at a fixed price that remained static the entire period of the contract. It was almost like Petronas was donating the gas to YTL.

Both TNB and Petronas were extremely unhappy with the arrangement but could do nothing about it because the Prime Minister at that time personally approved this project.

In fact, the late Ani Arope, who died in December last year, was the Executive Chairman of TNB at that time and he was bitterly opposed to this project. He refused to sign the contract and when put under pressure he decided to resign rather than buckle.

This was what The Star reported on 24 December 2014:

Ani, who passed away on Saturday, had openly opposed the creation of the independent power producers (IPPs).

He stood his ground in 1995 rather than signing off on generous power purchase agreements (PPAs) with IPPs. Instead, he stirred the market by quitting rather than signing the lopsided agreements.

Under the PPAs, TNB has to pay for the extra power upfront, regardless of whether it is used or not. This means that TNB is paying substantially for power it doesn’t use.

Ani refused to sign the lopsided agreements and subsequently resigned. The first-generation IPPs (YTL Power), who were said to have got “sweetheart deals” at the expense of TNB, which had to buy up the excess capacity from them, are no more.

In an interview with StarBizWeek in June 2006, Ani disclosed that there were no negotiations with the IPPs when asked how the process of negotiations was conducted.

“There was no negotiation. Absolutely none. Instead of talking directly with the IPPs, TNB was sitting down with the Economic Planning Unit (EPU). And we were harassed, humiliated and talked down every time we went there. After that, my team was disappointed. The EPU just gave us the terms and asked us to agree. I said no way I would,” he was quoted as saying.

When asked on the pricing and terms of contracts, he said it was fixed. “(They said) this is the price, this is the capacity charge and this is the number of years. They said you just take it and I refused to sign the contracts. And then, I was put out to pasture.”

Ani said he disagreed with the terms because “it was grossly unfair”.

So there you have it, straight from the horse’s mouth.

YTL was not running a power plant. YTL had practically been printing money for the last 21 years. And instead of extending the contract and allowing YTL to continue printing money for another 25 years or so, where they would earn an estimated RM25-30 billion, Prime Minister Najib Tun Razak decides to kill the cash cow cum goose that lays the golden egg.

How do you expect Tun Dr Mahathir Mohamad to go easy on Najib when he does things like this? Definitely Dr Mahathir would want Najib kicked out via a vote of no confidence later this month. Is Najib brave or does he have a death-wish?

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

(Bernama) – The 21-year power purchase agreement (PPA) with YTL Power Generation Sdn Bhd has expired, said Tenaga Nasional Bhd (TNB).

In a statement today, TNB said following the expiry of the agreement, which was signed on March 31, 1993, YTL Power would no longer export power to its grid from October 1, 2015.

“Concurrently, a leasing agreement which YTL signed to lease the land in Paka, Terengganu and Pasir Gudang, Johor to build its power stations was also affected,” it said.

TNB said the agreement it signed with the independent power producer was the only PPA that was based on a take-or-pay mechanism for a period of 21 years.

It said the total capacity of the power station in Paka was 780 megawatt (MW), consisting of two blocks of 390MW combined-cycle gas fired generation facility.

The capacity of the power station in Pasir

Post removed.Why?

Dear GOD PLEASE HELP US FROM Mahathir and Its Crony and Please show the truth behind every lie so that we can know the truth as you what had happend and what will happen in future. GOD please help us and protect this country against this enemy and open the truth.

what RPK say about the whole Bank Negara & 1MDB issues yet again correct as per above. Refer to above article made by RPK and todays statement by Rafizi.

SCUTTLE 1MDB’S FINANCIAL OPERATIONS, SAYS RAFIZI

(Free Malaysia Today) – Bank Negara Malaysia has now been urged “to scuttle” 1MDB’s financial operations and to cancel all financial licences issued to 1Malaysia Development Bhd, in the wake of its revocation of permission for 1MDB to invest abroad.

Pandan MP Rafizi Ramli said the central bank should invoke all its powers against the state investor by cancelling any licences issued to 1MDB for operating its financial business.

He said the Bank should also cancel all permits or approvals for fund transfers and to reject any future application by 1MDB for such transfers.

The Bank’s revocation of exchange control permission for investment followed the refusal of the Attorney-General to begin criminal proceedings against the company, which is the Federal Government’s investment arm, for inaccurate or incomplete information relating to the investment.

Rafizi, who is secretary-general of Parti Keadilan Rakyat, said that Bank Negara should use its authority to ensure that the 1MDB issue did not drag on. He said the issue of the US$1.83 billion investment had been raised some time ago, and questions rose about money laundering.

http://www.malaysia-today.net/scuttle-1mdbs-financial-operations-says-rafizi/

http://www.malaysia-today.net/bnm-being-asked-to-bankrupt-1mbd/

THE CORRIDORS OF POWER

Raja Petra Kamarudin

Something new has emerged since I published my latest article today (Did Zeti fire a killer shot against Najib?). Bank Negara Malaysia (BNM) is being asked to sue 1MDB for an amount of US$5.5 billion or roughly RM23-24 billion (SEE THE NEWS ITEM BELOW).

It seems there are already lawyers on stand-by who are prepared to help BNM in handling this civil action.

Meanwhile, while the case is being heard in court, they can apply for a mandatory injunction and freeze 1MDB’s assets. This will effectively kill 1MDB once and for all and it’s rationalising and debt reduction exercise will grind to a halt.

With the amount of fines and loans that 1MBD will have to pay and its debts un-serviced, we will see 1MBD buckle under probably RM50-60 billion in liabilities.

This is actually a brilliant move to ensure that 1MDB will not be able to prove it is a viable proposition and help make the vote of no confidence against the Prime Minister this month closer to reality.

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

Art: Bank can now sue 1MDB for US$5.5bn

Lawyer-blogger says central bank can take civil action without relying on Attorney-General.

(Free Malaysia Today) – Bank Negara Malaysia can take a civil suit against 1Malaysia Development Bhd or its officers to get around the Attorney-General’s reluctance to prosecute the company, according to lawyer-blogger Art Harun.

Quoting the Financial Services Act, he said 1MDB or those responsible for its affairs could be punished by an amount of up to three times the amount involved in a complaint by Bank Negara. This could be as much as US$5.5 billion, based on the figure of US$1.83 billion that Bank Negara has ordered 1MDB to repatriate to Malaysia.

He also suggested that those responsible could also go to jail for contempt of court if they failed to comply with any court orders that the Bank obtained through a civil suit. The need for civil action arises because the Attorney-General has decided there are no grounds to prosecute and had denied the Bank’s request for the case to be re-examined.

On Thursday the central bank said it had revoked three permissions granted to 1MDB under the Exchange Control Act for investments abroad amounting to US$1.83 billion. The Bank said permissions had been obtained using “inaccurate or without complete disclosure of material information”. It ordered 1MDB to submit plans for repatriating the money.

However, 1MDB said on Friday that while it respected the Bank’s authority, it was unable to repatriate the money as it had already been spent.

In his blog today, Art said lawyer Rosli Dahlan had reminded him about Section 239 of the Financial Services Act, which empowers the Bank to take civil action. He said the Bank could sue “the persons who fail to comply with its direction to repatriate the money to Malaysia” and could ask that they:

* pay an amount which is three times of any monetary gains made by those persons; or

* pay an amount which is three times the amount involved in the matter;

* pay a fine set by the court.

The Bank could also ask the court for orders to force the persons responsible to comply with its direction or to mitigate the non-compliance.

“This kind of orders will, in my opinion, take the form of a mandatory injunction. The failure to comply with a mandatory injunction will of course expose those persons to contempt proceedings which may be punishable by imprisonment or fines or both,” Art said. “Let’s wait and see whether the BNM will exercise these powers. Being a civil suit, the BNM can bring the action on its own without the involvement of the Attorney-General.”

He also suggested that the legal firm Lee Hishammuddin Allen and Gledhill, of which Rosli Dahlan is a Senior Partner, would be glad to help the Bank. “That firm after all, is on the panel of the BNM,” he said.

i told you so :-). hehehe

i told you so

aiyo dont worry just buy when it go down and those already in just hold. oil market will eventually reach USD 58 by this month. Suma will be around 0.18 - 0.20 at that time. :-).

Actually This Foreign Investor taking advantage of the reversal trend in oil market and weak job data in america which anticipate the Fed will not going raise interest in this year. The worse effected market in emerging economy is Malaysia, Indonesia and Korea. Malaysia is the market they focus on because they know the delay in rate hike and the uptrend movement of oil price will benefit Malaysia most that is why what we see today happen. And they are start coming in and park their investment in those stock that hugely undervalue such oil & gas counter. Because this is the best time to buy when the price are so below the market value and the value and wait for 23 October for the announcement of Malaysia Budget and they will push the price the next day after that before start selling slowly batch by batch.

This one will break 0.17 today.

Ringgit Rally. Foreign Investor coming in.

i told you so on monday morning 3.40 am that hold to your share and who dont buy go and buy because we anticipate already the reversal trend in oil market across the board and this reversal signalling the upper trend which could led oil market testing the resistance 58 USD within this month.

i told you guys already to buy and hold. Now oil are on rally. it is in reversal trend to go up and this time it will try to break resistance at 58 USD. Based on this investor will attack oil related stock and make sure u observer KNM and THEAVY also tomorrow.

YTL Skandal :-

Kerakusan YTL dan Mahathir di halang oleh Najib. Rajapetra Mula mendedahkan kerakusan Mahathir dan konco-konconya.

http://www.malaysia-today.net/najib-is-either-brave-or.../

THE CORRIDORS OF POWER

Raja Petra Kamarudin

Not too long ago Francis Yeoh said he does not depend on the Malaysian government and does not need the government to make money. He can make money overseas, which is where his money really comes from, said Francis.

Actually that is not entirely true. Since 1993, YTL Power Generation Sdn Bhd alone is estimated to have earned around RM15-20 billion from selling electricity to TNB. And that is only from one of YTL’s businesses, mind you.

The power plants were a cash cow cum goose that laid the golden eggs for YTL, and diamond-studded eggs on top of that. But that is now all gone (SEE THE BERNAMA NEWS ITEM BELOW).

The lovely thing about this entire arrangement is that YTL did not have to do any work or come out with any money. Siemens designed, built, financed and maintained-operated the entire project. YTL just received a cheque from TNB, which started at RM600 million a year in the beginning and gradually increased as they went along.

YTL, in turn, bought gas cheap from Petronas, considered below market price, at a fixed price that remained static the entire period of the contract. It was almost like Petronas was donating the gas to YTL.

Both TNB and Petronas were extremely unhappy with the arrangement but could do nothing about it because the Prime Minister at that time personally approved this project.

In fact, the late Ani Arope, who died in December last year, was the Executive Chairman of TNB at that time and he was bitterly opposed to this project. He refused to sign the contract and when put under pressure he decided to resign rather than buckle.

This was what The Star reported on 24 December 2014:

Ani, who passed away on Saturday, had openly opposed the creation of the independent power producers (IPPs).

He stood his ground in 1995 rather than signing off on generous power purchase agreements (PPAs) with IPPs. Instead, he stirred the market by quitting rather than signing the lopsided agreements.

Under the PPAs, TNB has to pay for the extra power upfront, regardless of whether it is used or not. This means that TNB is paying substantially for power it doesn’t use.

Ani refused to sign the lopsided agreements and subsequently resigned. The first-generation IPPs (YTL Power), who were said to have got “sweetheart deals” at the expense of TNB, which had to buy up the excess capacity from them, are no more.

In an interview with StarBizWeek in June 2006, Ani disclosed that there were no negotiations with the IPPs when asked how the process of negotiations was conducted.

“There was no negotiation. Absolutely none. Instead of talking directly with the IPPs, TNB was sitting down with the Economic Planning Unit (EPU). And we were harassed, humiliated and talked down every time we went there. After that, my team was disappointed. The EPU just gave us the terms and asked us to agree. I said no way I would,” he was quoted as saying.

When asked on the pricing and terms of contracts, he said it was fixed. “(They said) this is the price, this is the capacity charge and this is the number of years. They said you just take it and I refused to sign the contracts. And then, I was put out to pasture.”

Ani said he disagreed with the terms because “it was grossly unfair”.

So there you have it, straight from the horse’s mouth.

YTL was not running a power plant. YTL had practically been printing money for the last 21 years. And instead of extending the contract and allowing YTL to continue printing money for another 25 years or so, where they would earn an estimated RM25-30 billion, Prime Minister Najib Tun Razak decides to kill the cash cow cum goose that lays the golden egg.

How do you expect Tun Dr Mahathir Mohamad to go easy on Najib when he does things like this? Definitely Dr Mahathir would want Najib kicked out via a vote of no confidence later this month. Is Najib brave or does he have a death-wish?

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

(Bernama) – The 21-year power purchase agreement (PPA) with YTL Power Generation Sdn Bhd has expired, said Tenaga Nasional Bhd (TNB).

In a statement today, TNB said following the expiry of the agreement, which was signed on March 31, 1993, YTL Power would no longer export power to its grid from October 1, 2015.

“Concurrently, a leasing agreement which YTL signed to lease the land in Paka, Terengganu and Pasir Gudang, Johor to build its power stations was also affected,” it said.

TNB said the agreement it signed with the independent power producer was the only PPA that was based on a take-or-pay mechanism for a period of 21 years.

It said the total capacity of the power station in Paka was 780 megawatt (MW), consisting of two blocks of 390MW combined-cycle gas fired generation facility.

http://www.malaysia-today.net/najib-is-either-brave-or-he-has-a-death-wish/

THE CORRIDORS OF POWER

Raja Petra Kamarudin

Not too long ago Francis Yeoh said he does not depend on the Malaysian government and does not need the government to make money. He can make money overseas, which is where his money really comes from, said Francis.

Actually that is not entirely true. Since 1993, YTL Power Generation Sdn Bhd alone is estimated to have earned around RM15-20 billion from selling electricity to TNB. And that is only from one of YTL’s businesses, mind you.

The power plants were a cash cow cum goose that laid the golden eggs for YTL, and diamond-studded eggs on top of that. But that is now all gone (SEE THE BERNAMA NEWS ITEM BELOW).

The lovely thing about this entire arrangement is that YTL did not have to do any work or come out with any money. Siemens designed, built, financed and maintained-operated the entire project. YTL just received a cheque from TNB, which started at RM600 million a year in the beginning and gradually increased as they went along.

YTL, in turn, bought gas cheap from Petronas, considered below market price, at a fixed price that remained static the entire period of the contract. It was almost like Petronas was donating the gas to YTL.

Both TNB and Petronas were extremely unhappy with the arrangement but could do nothing about it because the Prime Minister at that time personally approved this project.

In fact, the late Ani Arope, who died in December last year, was the Executive Chairman of TNB at that time and he was bitterly opposed to this project. He refused to sign the contract and when put under pressure he decided to resign rather than buckle.

This was what The Star reported on 24 December 2014:

Ani, who passed away on Saturday, had openly opposed the creation of the independent power producers (IPPs).

He stood his ground in 1995 rather than signing off on generous power purchase agreements (PPAs) with IPPs. Instead, he stirred the market by quitting rather than signing the lopsided agreements.

Under the PPAs, TNB has to pay for the extra power upfront, regardless of whether it is used or not. This means that TNB is paying substantially for power it doesn’t use.

Ani refused to sign the lopsided agreements and subsequently resigned. The first-generation IPPs (YTL Power), who were said to have got “sweetheart deals” at the expense of TNB, which had to buy up the excess capacity from them, are no more.

In an interview with StarBizWeek in June 2006, Ani disclosed that there were no negotiations with the IPPs when asked how the process of negotiations was conducted.

“There was no negotiation. Absolutely none. Instead of talking directly with the IPPs, TNB was sitting down with the Economic Planning Unit (EPU). And we were harassed, humiliated and talked down every time we went there. After that, my team was disappointed. The EPU just gave us the terms and asked us to agree. I said no way I would,” he was quoted as saying.

When asked on the pricing and terms of contracts, he said it was fixed. “(They said) this is the price, this is the capacity charge and this is the number of years. They said you just take it and I refused to sign the contracts. And then, I was put out to pasture.”

Ani said he disagreed with the terms because “it was grossly unfair”.

So there you have it, straight from the horse’s mouth.

YTL was not running a power plant. YTL had practically been printing money for the last 21 years. And instead of extending the contract and allowing YTL to continue printing money for another 25 years or so, where they would earn an estimated RM25-30 billion, Prime Minister Najib Tun Razak decides to kill the cash cow cum goose that lays the golden egg.

How do you expect Tun Dr Mahathir Mohamad to go easy on Najib when he does things like this? Definitely Dr Mahathir would want Najib kicked out via a vote of no confidence later this month. Is Najib brave or does he have a death-wish?

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

(Bernama) – The 21-year power purchase agreement (PPA) with YTL Power Generation Sdn Bhd has expired, said Tenaga Nasional Bhd (TNB).

In a statement today, TNB said following the expiry of the agreement, which was signed on March 31, 1993, YTL Power would no longer export power to its grid from October 1, 2015.

“Concurrently, a leasing agreement which YTL signed to lease the land in Paka, Terengganu and Pasir Gudang, Johor to build its power stations was also affected,” it said.

TNB said the agreement it signed with the independent power producer was the only PPA that was based on a take-or-pay mechanism for a period of 21 years.

It said the total capacity of the power station in Paka was 780 megawatt (MW), consisting of two blocks of 390MW combined-cycle gas fired generation facility.

The capacity of the power station in Pasir Gudang was 390MW consisting of one block of combined cycle gas-fired generating facility, it said.

will follow vsolar kot :-)

i think this one something interesting to watch as its climb up slowly

buy now and keep before it shoot up.. i just a friendly advice.

Post removed.Why?

they actually can easily push up but saje jer tak mau push. heheheh. kasi semua penik selling then they come la.

they actually can easily push up but saje jer tak mau push. heheheh. kasi semua penik selling then they come la.

hehheh free fall.those buy at high now mad.

Post removed.Why?

my advice monitor also KNM and oil related counter on Tuesday.

hahaha tuesday suma will go up again liow.

Again Mahathir are just using Bersih and Chinese this time to bring pressure to Najib as everybody how he hate Najib.Do you really thing Mahathir already taubat and want to join bersih for you ? Hhahahahahahah. Dont make me gelak terguling-guling. He call you BODOH. UNDERSTAND. Go and ask him if he dare to take back what had said before. Hhahahaha. He just simply take the opportunity in front of him given by Bersih and Chinese in silver platted. Once he achieve his objective then he will say agenda bumiputra perlu di perkasakan and see la when that happened how you Chinese shouting and blaming each other. Again and again being played. Kesian pun ada but i have to tell you that.

Post removed.Why?

Post removed.Why?

Even Mahathir said every minute born one stupid Malaysian who eventually when grow up become stupid Malaysian. Now he is the stupid one joining Bersih. How people want to trust him? After all doesn't he is the most hatred guy before by all Chinese Malaysian? Now can i call you BODOH Mahathir. Hhahahahah.

https://www.youtube.com/watch?v=yN-e5UNJKGQ

Post removed.Why?

http://www.malaysia-today.net/bersih-demonstrators-are-mules-and-fools-dr-mahathir/

BERSIH DEMONSTRATORS ARE MULES AND FOOLS: DR MAHATHIR

VIDEO ON MAHATHIR REMARK : https://www.youtube.com/watch?v=yN-e5UNJKGQ

Halim not that stupid to abandon everything he invest.

waaa suddenly muncul Spanish. Hheheheh asking people to run.

wow freefall

hope can go 0.145

they waiting for so long already and they have to let it go.

What happen to sumatec? the RI Failed ?

i think it still bullish.

The so called corrupted PM already proposed this declaration to all but it being rejected by Opposition especially LKS. Now the so called corrupted PM want to make it mandatory. LKS now hiding. LGE just silence. Hhahaha.

you are fool la. Why at the first place you believe everything fall from the sky of Sarawak Report and Opposition. Even Opposition now sweating and shevering as they know they are wrong all this while.And even their people are now implicate on this whole Saga as justo now open up all the pendora box. Now you see you make yourself look like a fool. I respect rajapetra kamarudin as he predicted everything correctly.

http://www.malaysia-today.net/the-coup-detat-that-almost-succeeded/

hopefully it will not go down more la. Hope talk between Iran and US on oil embargo failed and this will push oil price and at the same time given some excitement for oil and gas company.

waaa to reach RM 8 is maybe la in 4 years time who knows. But i agree with Koi King Ng that the price will be hovering around 0.50 - 0.80 or 1.00 by end of this year as KNM movement are directly impacted by oil price and hopefully oil price could move above 70 USD by end of this year.

the price has gone down so much just in 6 month. hopefully tony and his team can do something to push up the price of this airasia

Post removed.Why?

yes PAC should answer that by end of this year. They already said it. So wait for the answer by than.

with every accusation by tdm, dsn has given answers.
but there are people who do not believe the answers dsn gave or are not satisfied with the answers.
that is only natural.
you can't please everyone.
during tdm's time, every accusation was either ignored or given some verbal answer, usually some witty repartee. or if you proved quite to be an irritant, tdm would lock you up.

for people who don't believe in the answers dsn has provided, dsn has risked his political career and even future freedom (if he's guilty) by:

-putting the 1mdb acounts under the scrutiny of the pac and also the ag investigation;.
-getting the macc, pdrm, bnm and the ag jointly investigate the 2.6 billion claim;
-suing wsj so that all the facts and evidence would be brought to light in a public court.

if we malaysians really want to move forward as a nation, we should believe in hard facts and evidence and science and not unproven allegations, rumours and myths and be swayed by emotions. if you believe in the latter then you allow yourself to be manipulated by people who have an agenda and who don't really have your interest and welfare at heart.

Post removed.Why?

I already got my 0.185 as what i wish. Now waiting for it to be push up as there is no time anymore for Bank Negara to hold that RI application.They have to release the news sooner or later.

i hope something can be done to push up the price as at current price the RI look not attractive. Dont know what their plan and when Bank Negara will approve this RI

The attacks on Najib are getting dirtier

http://sskeruak.blogspot.co.uk/2015/07/the-attacks-on-najib-are-getting-dirtier.html

Yesterday, a WhatsApp message that said Sirul Azhar Umar was going to break his silence and will be testifying in an Australian court that Rosmah Mansor had personally ordered the killing of Altantuya Shaariibuu went viral. I found that message very hard to believe for a few reasons. First of all, why should Sirul testify in an Australian court? Was Sirul charged for anything in an Australian court? And if they are suggesting that the Australian court is going to conduct a trial to investigate the murder that is also not logical because the matter is out of Australia’s jurisdiction. Anyway, that message was ‘hot news’ yesterday but today Sirul’s lawyer said that the message was a hoax. I am not surprised by the lawyer’s announcement but what did surprise me was the fact that many people believed that message, even some intelligent people and those who should have known better. It appears like nowadays people are prepared to believe anything as long as it is news unfavourable to the government or to the government leaders. The second reason I find yesterday’s WhatsApp message unbelievable is because Sirul had already testified in court and he already said he does not know whether anyone ordered the murder and if so who did. All he knows, Sirul said, was that this was the initiative of his boss, an inspector, and he does not know more than that. Malaysians tend to forget what was said earlier or analyse what is said now compared to what was said earlier and whether there are any discrepancies in that statement. Once a statement is inconsistent then we have to treat the person making that statement as unreliable. In fact, even Islam states that the testimony of an unreliable witness cannot be accepted in a Shariah court. And the common law court says the same thing. So Malaysians must learn how to think before accepting what is being presented as fact.