waaa sindiket tell everyboy he is a sindiket. :-) .

Bye Bye soong22

Waaa CBC your face so expensive... ahhahahah. More expensive then KOK face. Hhahahaah.

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Ni kena sebar kat Facebook ni. :-)

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SECOND PART : http://1-million-dollar-blog.com/rm500-billion-debt-malaysian-government-bankrupt/

With more than a trillion ringgit in real assets, the government’s wealth is no doubt, owned by the public, that is, you and the rest of the populace. This mean that each person in Malaysia owns as much as RM38,500 in economic wealth, held in trust by the government.

In terms of pure, cold hard cash, just how much the government is holding, or able to obtain within a short notice? Based on the following estimate:

Refer the link for the illustrated table

That’s a lot of cash, which the government can muster in the time of need. This amount is so large, it is more than 9 months of government expenses. How many of you, saved this much money for expenses, just in case? If 100 ringgit bills are stacked up on top of each other, it will reach a high of 932 km (space is only 300 km above the earth) or if laid next to each other, the bills would go around the earth four times.

The calculations also did not include the International Reserve of Bank Negara for reasons stated in Book 3 of the series. The official amount is in excess of RM400 billion, which is again, a really massive number. The external debt of the federal government? It is less than RM30 billion. Therefore there is almost zero chance the government would or could be bankrupt anytime soon. Bank Negara Malaysia is also capable of mustering unlimited amount of ringgit bearing papers if there is ever a need to access cash quickly by the government. When I say unlimited, it is really is unlimited, it can be multiples of many billions or even trillions.

So the begging question now, if the government is so rich and have a trillion ringgit worth of assets, then just how large and how rich Malaysians combined personal wealth really is especially that they are the true ultimate owner of the government itself?

READ MORE : http://1-million-dollar-blog.com/rm500-billion-debt-malaysian-government-bankrupt/

Aku pun mulanya macam yang lain jugak Duitbesar fikir pasal hutang malaysia yang berbillion ringgit.Ingat memang bankrupt la. Tapi aku tak pernah terfikir berapa asset sebenar milik kerajaan malaysia. Bila baca article ni terkejut jugak sampai trillion RM. It is far huge and itu tak termasuk lagi International Reserve atau simpanan bank negara yang hampir mencecah RM 400 billion. Memang an eye opener la. So decided to share to all.

SECOND PART : http://1-million-dollar-blog.com/rm500-billion-debt-malaysian-government-bankrupt/

Nobody has a clear figure just how much the total assets owned by Malaysia Federal Government, but the total debt of the government (and the deficit) is published widely. Currently the government owes as much as 500,000,000,000 ringgit (that’s 500 billion ringgit to be exact). It takes a while to dig the relevant data and study them, so here it is for your consumption.

The reason why the government published a widely lower asset value compared to the “current” value is largely unknown. When compared to other governments, they also declared far lower asset value than they actually holding. This accounting anomaly is probably a legacy of old accounting standard which the government follows diligently. Few corporations do the same to their balance sheet. Even the Federal Reserve would publish its substantial gold holding at a mere USD35/oz which is the official gold price set by the Nixon administration in 1970’s, instead of the current market price of 1,250 dollars per ounce. The difference in numbers is huge, it means that the US Gov is under-declaring its gold assets by a trillion dollars or more! Despite every incentive to revalue the holding value for spending purposes and credit worthiness purposes, the government has maintained its position. Similarly in Malaysia, the government is also under declaring its assets value, even if by re-declaring the value it would have gained a significant political mileage. Yet the government is often accused of manipulating and cooking the books, however I found no such evidence. It is of little wonder that the Accountant General and those who actually read and study the balance sheet of the government routinely dismissed the critics of the government who would jump in no time (every year in fact) on their same misleading figures and harp about the impeding bankruptcy.

What does the government owns?

The government owns a significant chunk of the economic wealth, locally and abroad. Take a look at its investment arm, Khazanah below, you don’t have to see each individual company, just observe the scale and breadth of the investments in many major companies, whether listed in the stock market or not. Tenaga Nasional, the electricity producer and distributor, Pos Malaysia, CIMB Group, the toll operator and owner, PLUS, and many more such as ASTRO, UEM, Parkson, Axiata and Telekom are all essentially owned by the government.

The total investments are worth in excess of 134 billion ringgit as recently reported by Khazanah. The major GLCs are said to be having annual revenue exceeding 400 billion a year, far outpacing the revenue of the government itself.

The government also owns the following:

KWAP, Petronas, PNB, Tabung Haji, EPF, Bank Rakyat, Bank Simpanan and a dearth of other companies and institutions. For the full list, click here. Yes, National Feedlot Corporation or NFC is also listed inside. Well, not all of the investments make money as it turns out.

There are too many zeroes in the total, so in billion, that’s 1,157 billion ringgit, or 1.157 trillion ringgit! This is indeed, much larger than the entire debt of the federal government of 500 billion. A trillion is a number with 1 followed by 12 zeroes in it. Therefore the Malaysian Government is actually far from being bankrupt and has tremendous resources at its disposal.

The table above took into account as much as possible (but surely not perfect) the portion of assets co-owned by others such as retirees’ monies in the EPF. Despite having a fund size of 480+ billion ringgit, it is estimated that 105 billion ringgit is the true money of the government, which it can manipulate by changing the payouts to the retirees and from any yet to be declared profits. We can also argue that 100% of the 480 billion is government controlled and owned, however this may not be reflective of the financial standing of the government. Similarly, within Tabung Haji for example, the government has a portion totaling 48 billion ringgit, despite the institution having a combined total customer deposit and government controlled money of 90 billion.

The government also owns plenty of real estates, billions of ringgit in fact. Due to time limitation, we can only guesstimate the total. The 2012 report of the financial standing of the government also mentioned that the government is holding some 29 billion ringgit in pure cash in banks and other places.

Therefore, the frequent talks of the impending bankruptcy of the government were just mere talks, without supporting facts. Now that you know the real facts, you should not be easily swayed by those who want to scare everyone for their own gain.

READ MORE : http://1-million-dollar-blog.com/rm500-billion-debt-malaysian-government-bankrupt/

Have you even read the article ? Don`t become another .... Malaysian who don`t even understand to READ.

READ MORE HERE AN EYE OPENER : http://1-million-dollar-blog.com/rm500-billion-debt-malaysian-government-bankrupt/

“We are going bankrupt in five years time”

“The government has no more money and we have RM500 billion of debt”

“Mismanagement and Corruption has made us poorer”

These are the routine statements you may have heard regarding the state of the Malaysian government finances. But do they hold any water?

A while back, in Book 3 of the 259 Trillion Vs 5 Trillion Series, my co-author and I have presented the calculations of the US Government assets and compared them to the so called “mountain of debts” and found out that the opposite was the truth, that the US has far more asset than debt. People with their own agenda use half-baked statistics to propel “unsuspecting” citizens to become angry and extremely emotional toward their own governments, masking their true intention, which is mostly for power grabs. As such, with such roaring emotional outburst of various camps on small issues, I will try to dispel a few myths on the Government of Malaysia. One should view things with brains and facts and not on sensationalized half-truths and emotion.

I have dispelled the myth on the increasing price of Roti Canai in my first Malay book, complete with historical prices and charts. The conclusions was clear, relative to Malaysians income level, the price of roti canai has dropped significantly. We can’t blame the government for everything, including the price of ordinary goods.

One such myth is the impending bankruptcy of the Malaysian Government. One condition of being a bankrupt, is by having more debt than asset.

The following is an extract of the statement from the Government’s Accountant which, to a great extent, compounded the public’s perception that the government is doing very poorly financially.

“The Federal Government assets disclosed in the Statement of Memorandum Accounts only include Recoverable Loans RM95,493 million and Investments RM27,194 million, whereas the liabilities comprised Public Debt RM501,617 million and Other Liabilities RM276 million”. [Extract from 2012 Federal Government Financial Statements report].

The statement clearly implies that the government is withholding assets worth a mere 95+27 = 122 billion ringgit while the debt is now in excess of 500 billion. But is it really true that the government’s debts exceed its assets, or in other words, bankrupt?


In the government’s consolidated and unified balance sheet statement, it was reported that the government was only holding a sum of RM27 billion in investments in select companies including that of Kumpulan Wang Amanah Pencen (KWAP) as of the year 2012. Unfortunately it does not seem to mention the real market value of these assets, which is of many times greater.

Or take for instance that in the same report, it was mentioned that the government’s holding of Petronas is only worth 99.99 million ringgit. Everyone knows that Petronas is worth a lot more than this. Fortune500 as well as Petronas itself, reported that it is worth as much as RM521 billion as of Sep 2013 with an amazing 123 billion in an essentially all cash assets!

The investments made into Khazanah Nasional Berhad, a well known investing arm of the government, is worth only RM 5 billion according to the government’s report, but Khazanah itself puts the figure of all of its investments well in excess of RM134 billion, a really significant sum. The government is simply aggregating the original money it invested into these companies; however the actual marketable value of these investments today is far larger.

To add to its burden, the government also listed the entire, I repeat, the ENTIRE amount of money in the EPF, as its financial obligation by way of government guarantees. That is worth about RM480 billion at the end of 2012! Now, this is a colossal amount to guarantee, but the government explicitly guarantees the entire savings of Malaysia’s future retirees. Not just the EPF will take care of your retirement money, on top of that, the government itself guarantees it. This is very similar to the banking system, where the bank guarantees all deposits, and the PIDM insure the majority of the deposits in the system while the government, although not being explicit, would guarantee the entire system as well. [Note: as evident in 2009, the government then had publicly provided an express written guarantee to all deposits in Malaysian banks for a period of several years, without any limitation on the deposited amount]

The total statutory financial guarantees extended by the government is RM690 billion of which, as already stated earlier, 480 billion is due to the guarantees to EPF. Bet that you have not heard that in the year 2011, the total financial guarantees of the government was in excess of 771 billion ringgit, thus recording a significant drop of about 80 billion in the year 2012.

this one cannot move one. just forget it.

everyday huge volume but also cannot move.

hehehe this one need to wait for another 4 years. hehehhe

as expected cannot go one.

Post removed.Why?

I think the info now spread viral and hope the whistle blower can tell us more about this corruption allegation.

Post removed.Why?

same scenario like previous high. It will not go high. Just a waste of time. Better look for other counter.

look at the Q Sell. Aiyo same script like before. Too Much share. :-(

Thanks Vincent Chew for the inside news :-) .

Hi Vincent Chew... i thought this is one of the counter that hardly move. if it move, im a bit skeptic that it can break 0.07. The highest it can go may be only 0.065. This is based on previous trend. But i might be wrong :-) .

http://www.malaysia-today.net/no-need-to-apologise/

No need to apologise

Anwar then summoned Azmin who admitted that he had, in fact, received the ‘election contribution’, which he did not declare not because he wanted to sailang the money but because it was illegal and the party’s candidates would get disqualified if the Election Commission (SPR) found out.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

Axed PKNS staff claim MB ignored corruption

(Malaysiakini) – A number of axed Selangor State Development Corporation (PKNS) contract staff want the menteri besar to explain why cases of corruption and disciplinary matters referred to him were never acted on.

Former PKNS Holdings’ Marketing Division head Alif Aiman said in a statement on behalf of the group that former PKNS general manager Othman Omar had in 2011 and 2012 informed Menteri Besar Abdul Khalid Ibrahim himself about the cases.

Alif was referring to Khalid’s statement yesterday that part of the reason behind the termination of more than 20 staff of the PKNS subsidiary was based on complaints from PKNS “whistleblowers”.

Alif questioned whether PKNS was aware of the fact that the ‘whistleblowers’, who he claimed to be two PKNS officers, were allegedly being investigated by the Malaysian Anti-Corruption Commission (MACC).

“The ludicrous allegations from non-credible whistleblowers were taken action upon swiftly, without carrying out the necessary investigations fairly and impartially.

“At the same time, the many disciplinary issues and corruption cases implicated on these whistleblowers were shut with no further action. Talk about a transparent and accountable government,” the statement reads.

Aside from the allegations on corruption, the group also wants Khalid to:

1. Explain the roles played by his own press secretary Arfa Aziz and former political secretary and current MB Incorporated CEO Faekah Husin in the termination, along with the new PKNS general manager Azlan Alifiah, deputy GM Noraidah Yusof and chairperson Norazlina Zakaria;

2. Explain the true reasons behind the sudden termination of the contract staff;

3. Explain why the termination of services were not done according to procedures and due process;

4. Explain when there had been any political recommendation from any PKNS board member or politician on the appointment of the contract staff;

5. Reveal the full content of the corporate restructuring report that recommended the dismissal of the contract staff; and

6. Reveal the detailed costs of employing the staff concerned and their travelling claims, and compare that with the PKNS’ breakdown costs on the same.

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

No, you do not need to apologise to me. The fact that many of you are sitting in front of your computer in stunned silence is a good enough apology for me. I know you are speechless and do not know what to say. And for sure you are not going to say, “Fuck me! Raja Petra Kamarudin was right all along!”

Malaysians have huge egos. The way some Malaysian Chinese talk about how worried they are that the Kajang Malays would be tricked (hence they are stupid) into voting for Barisan Nasional and how worried they are that the Kajang Indians would be bought (hence they are crooked) and would vote Barisan Nasional demonstrates that the Chinese pandang rendah the Malays and Indians.

And surely those who pandang rendah the other races are not going to apologise. The most they would say is, “So what! Barisan Nasional is far worse. Pakatan Rakyat is not as bad as Barisan Nasional. And you cannot expect 100% corruption-free. If 50% also that is good enough to support Pakatan Rakyat.”

Back in late-2010 when I first revealed the shenanigans in the Pakatan Rakyat run Selangor State Government, plus the shenanigans in the various state agencies and/or GLCs, plus also in the Local Councils in Selangor, the first response from you people (plus those in Pakatan Rakyat) was that I had turned, I had been bought over, I am now a turncoat, and whatnot.

The only reason I revealed these shenanigans is because I had been paid to do so and for no other reason other than that, you losers said.

Then, in early 2011, after the whacking you people gave me, I went on TV to repeat everything I had said earlier and you all gave me that same treatment and vilified me to kingdom come.

And do you know what? Now those people who said all those nasty things about me are the same people who are saying nasty things about each other and are accusing each other of all sorts of shenanigans. And, meanwhile, the rest of you remain as quiet as church mice as if Anwar Ibrahim’s dick is stuck deep down your throat.

But hold on. This is not over yet. This is just the beginning. After this, in the run-up to the Kajang by-election, I am going to reveal more and more and supported with all sorts of documentary evidence as well.

In the meantime, why don’t you ask Anwar Ibrahim to reveal all those documentary evidence that

what this code 8 means ?

We refer to the Company’s First Announcement dated 26 February 2013 and the announcement made on 27 May 2013 pursuant to Paragraph 4.1(b) of PN17.

We also refer to the Company’s announcement made on 2 January 2014. Further to the said announcement, the Board of Directors of PM CAP wishes to inform that despite trying its best to seek opportunities and options, including discussions with potential white knight, the Company is at this point of time not optimistic of being able to submit a Regularisation Plan to the relevant authorities for approval on or before the deadline of 25 February 2014. In the event the Company fails to submit a Regularisation Plan to the relevant authorities for approval by 25 February 2014:

1) The trading of the Company's securities will be suspended on the next market day after five (5) market days from the date of notification of suspension by Bursa Securities; and

2) Bursa Securities will de-list the Company's securities subject to the Company's right to appeal against the de-listing.

Notwithstanding the above, the Company will in the meantime continue to explore other opportunities and options that may be available to regularise the Company’s financial condition. Any further development on the Regularisation Plan will be announced in due course.
This announcement is dated 4 February 2014.

im waiting at below rm 6.

buy as much as you can :-).

huhuhu

You are another fail person. Give it them a chance to prove the policies work or not. Simply say anything this people do is a fail project show how stupid u are Soo Wai Leng.

Those who want to run please do so. But i see this as an opportunity. :-) .

im waiting for 0.05 or 0.055.

ahhahah you will see the show soon

what i know, PATIMAS will be the hero for 2014 and from the opening i think the price will jump above 0.10 and consistently go up. Because not many counter in Bursa Malaysia safe from almost being delisted at the last point and we also see the effort company taking to save it from delisted and i believe the regulation plan and strategy is works good for the company and hence triger bursa approval on appeal.

buy when its low. now is the best time.

This one cannot break 0.07. So many time it try that but couldn't make it.I think it will back to 0.05.

PROPOSED DISPOSAL BY ETI TECH (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ETI TECH CORPORATION BERHAD, OF ITS ENTIRE EQUITY INTEREST HELD IN POWER MAC SDN BHD TO MUSYARAKAH EQUITY VENTURE SDN BHD FOR A TOTAL CASH
CONSIDERATION OF RM5,878,000

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1513037

the price will start move soon. The news paper will start cover about it especially their assets. The news paper will start cover the value and so on. Hheheheh. wait for it. :-) .

as per expected

MUI,MUIPROP,PMCORP,PMCAP,PMIND & PMHLD is all 1 Family. If either one going up....the rest will follow slowly or faster.

it still ok. there is a lot of room for it to go up further and with undervalue of assets soon to be discover by News paper will triger MUI to go up and the rest including PMCORP will follow.Its like BRIM.

potential to climb further up.

MUI will be another BRIM with huge undervalue assets.

It only can move if it can break that huge resistance at 0.07.

hehehe if it go to RM 2 then it will be a lot of millionaire born.heheheh. But looking at it,it is one of the counter that hardly move.

waaa george99 you are so confident it can reach 0.80.

possible for it to enter Oil & Gas Business ?

we will see bungkus or not. You bungkus or Patimas become bungkus.hahhaha.

Be prepared for ...... :-) .

wait for more action after lunch.

hahaha baru chiakap sulah naik woo....its Chinese New Year Ang Paw.