DE: I think this is probably the reason why Caspian sea comrades remain Caspian sea comrades:
https://www.youtube.com/watch?v=k2C5TjS2sh4

:) good morning, folks.

Will langkat bonds become 'longkang' bonds?

http://www.channelnewsasia.com/mobile/asiapacific/1mdb-on-the-verge-of/2770034.html

:) hee..hee..hee..

:) Thanks. Just be careful in view that tomorrow is an economically sensitive day...it is 11 May!

And take note of this:
http://www.thestar.com.my/business/business-news/2016/05/10/khazanah-said-to-mull-selling-rm3pt6b-of-listed-stocks/?style=biz

Have a good evening, folks. :)

Fitch: 1MDB default highlights uncertainty on its finances, governance

KUALA LUMPUR (May 10): 1Malaysia Development Bhd's (1MDB) missed bond coupon payment late last month highlights ongoing uncertainty around the finances and governance of the state-owned investment fund, said Fitch Ratings.

"We have long viewed 1MDB as a close contingent liability of the sovereign, given its strong links with the state, including Prime Minister Datuk Seri Najib Razak's role as chairman of its advisory board (which is being dissolved as the fund is wound down)," the rating agency said in a statement today.

At RM5.8 billion, 1MDB's sovereign guaranteed debt amounts to roughly 0.5% of forecast 2016 gross domestic product (GDP).

Total debt currently disclosed by 1MDB is close to RM33 billion, or nearly 2.7% of forecast 2016 GDP. Federal debt was 54.5% of GDP at end-2015, so the assumption of the guaranteed debt would risk breaching Malaysia's statutory 55% ceiling, a risk that would increase if additional, unguaranteed debt were assumed.

However, Fitch is of the view that a breach would probably not in itself trigger a negative sovereign rating action, assuming the sums involved were around its estimates. The 'A' category median debt-to-GDP ratio is 52%.

On April 25, 1MDB had missed a US$50 million coupon payment on a 5.75% bond due in 2022 as part of its dispute with Abu Dhabi's International Petroleum Investment Co (IPIC). IPIC had guaranteed the bonds under a debt-for-asset swap agreement made in 2015. IPIC subsequently made the payment.

Fitch said the situation is unlikely to lead to an immediate crystallisation of the existing guarantee obligations of the Malaysian sovereign for 1MDB securities affected by cross-defaults.

"The risk to the sovereign credit profile lies more in the potential for the affair to weaken policy focus or contribute to political instability. However, there is little sign of these risks materialising as yet," it added.

The agency said other points to monitor will be any effect on government policy-making and effectiveness, and on investor confidence.

"The 1MDB affair has not had a discernible impact on policy-making, as the government has maintained fiscal consolidation and budget reforms.

"However, if its ability to implement economic policy weakened, this could be negative for the sovereign rating. So too could a broader deterioration in political stability, or in governance (already a credit weakness for Malaysia) that damaged the credibility of policy-making institutions," it warned.

Fitch said the Barisan Nasional's majority win in the Sarawak state assembly elections recently suggests that the spillover from the 1MDB affair on politics remains contained so far.

"Market reaction has been relatively modest, but a large or sudden pullback by international investors could create risks to economic performance or financial market stability, given the large non-resident holdings of government securities," it added.

You mean this?

http://static.freeware-android.net/data/programs/images/bomoh-coconut_2_programView_278899.png

Posted by connie > May 10, 2016 03:43 PM | Report Abuse

how buddies ??? bomoh can UPGRADE malaysia or not ??? LOL

And the implication on KLCI is?

http://www.thestar.com.my/business/business-news/2016/05/10/khazanah-said-to-mull-selling-rm3pt6b-of-listed-stocks/

Can you elaborate more on the value part? :)

cyrix8 wes will keep buying because there is value in mmag

09/05/2016 21:39

Confident? Invest.
Not confident? Don't invest.

Very simple rule of thumb whether is here or anywhere else. Take it easy.

http://www.cnbc.com/2016/05/06/could-oil-really-fall-to-less-than-10-per-barrel.html

Sources for the below? :)

Posted by emo > May 6, 2016 03:17 PM | Report Abuse

solar power plant construction successfully completed ending 2014 .solar power plant operation start operations ending 2015, will contribution earning in 2016


Posted by emo > May 6, 2016 03:57 PM | Report Abuse

Perak solar plant complete already... this year start selling electricity to TNB ... Selangor solar power plant end 2015 started ... This year and Japan solar energy group to build solar power plants is currently solar plants 20 times bigger...

Price doesn't move I still can be happy for other reasons, agree? :)

http://www.theedgemarkets.com/my/article/sumatec-emerge-ras-major-shareholder?utm_source=dlvr.it&utm_medium=facebook

Good morning, folks.:)

There is still another 11 May milestone ahead.

@Duit: some just need to come back to Earth and learn 3 hard words:
Suck It Up.

:) honest opinion. Take it easy.

duit: is it crazy if i am evaluating o&g? :)4

connie, it just makes 'things' generally more affordable, isnt it?

So nice to see my friends here. Take it cool, folks. bilis, duit, connie, region, and many more. :)

:)

@herolai: :) Thanks.

Erh...what's that ah? :)

Leoleo indice S1 1651 S 2 1631

03/05/2016 11:31

Leo..exim bank is under the purview of the Ministry of Finance. :)

Leo....what is the connection between the loan to that '1 Massive Debt Bomb' and that of Sumatec? Exim should have provided that as a bad (as more than doubtful) debt by now. :)

@bro strategisst: I was thinking around that parameter with the credit hat on: there would have to be certain comfort level in the forward business sustainability that led to the 500m EXIM loan, and probably the timeframe between facility readiness and the monetisation of gas reserves is not too far apart.

Abang: why would exim extend loan to sumatec? Friendly discussion. :)
Good morning, folks. :)

Congratulations, Connie.
Have a great weekend, Duit and all friends here. :)

Have a good weekend, folks.

You know the water reservoirs are drying up and malacca water level also....aiyooo...rain is good, then reservoir can accumulate water..

It is all in the mind.
Rain or shine, life goes on.

Good morning, folks. TGIF!

@nomanland: :) ...buy when low...good..

Where is Captain? :)

izoklse heheheh where is musashi ?

26/04/2016 16:28

http://www.thestar.com.my/business/business-news/2016/04/26/saudi-prince-unveils-sweeping-plans-to-end-addiction-to-oil/

leoleo: I know. :)

Under what circumstance would EXIM extend the loan to Sumatec? :)

Did someone circulate this here for sharing already?

http://www.insage.com.my/Upload/MediaNews/SUMATEC/SUMATEC-FocusMalaysia-23042016.pdf

Just to share. :)

Dragon....ho say bo?

Leo: I miss 'he..he..he..' too. :)
Noraini: Your official footprints invaded Middle East? Good on you. :)

Welcome back, Noraini. :)

@Bro nomanland: noted with thanks. :)

www.cnbc.com/2016/04/16/draft-doha-agreement-would-freeze-oil-output-until-october.html

leo: Captain was last spotted over at IFCA after the sell-down. He's probably trying to earn a couple of bread dough there, I reckon. :)

YK...why change nick? Kazak fengshui master advised you? :)

Really?

Serious?

For real?

Where is YK John?

And he..he..he..?

:)

:) abang..

Are you sure RI still on? :)