TM faces losing FBM KLCI constituent stock status
Read more at https://www.thestar.com.my/business/business-news/2018/11/17/tm-faces-losing-fbm-klci-constituent-stock-status/#TqOSsUuQAw8eHQpF.99

Cant do the job, just give existing Customer a discount! Simple solution, TM!
Please practice fair pricing!

PETALING JAYA: The Malaysian Communications and Multimedia Commission (MCMC) has slammed Telekom Malaysia (TM) for a 43% increase in complaints since 2017.

In a statement on Monday (Nov 19), MCMC said it had received 7,946 complaints on TM services, representing an increase of 43% from the 4,528 received in 2017.

These complaints centred on consumer dissatisfaction over pricing (21%), the lack of Unifi coverage (16%), Unifi service disruption (13%), billing disputes (14%), service delivery (14%), and others (22%).

“Based on the average number of complaints for every 1,000 subscribers, TM has recorded the highest number of complaints when compared to other service providers,” the MCMC said.

It said that as the largest fixed broadband provider in the country with 85.97% market share of total subscribers, TM's inaction affected many Malaysians who depended on its services every day.

“Consumers are demanding better services for the money they are paying TM,” it said.

The MCMC added that TM's approach in handling complaints was to cite technical limitations and to request that consumers be patient.

The industry regulator said this was unacceptable.

“Leaving consumers in the dark is not the way a company of TM's stature should operate,” it said.

The MCMC also said TM must rationalise the disparity between Unifi and Streamyx pricing in per megabits per second (Mbps), so consumers were charged fairly.

“TM needs to be transparent in dealing with the rakyat by offering packages that are great value, (and) not take advantage of consumer's lack of options,” it said.

The MCMC said the government viewed the alarming decline in TM's service delivery very seriously.

It said it would not hesitate to take regulatory action against TM or any licensee found to be in breach.


Read more at https://www.thestar.com.my/news/nation/2018/11/19/mcmc-slams-tm-over-poor-services-says-not-acceptable/#RJ6xL1cgEEjmFXGQ.99

Beginning of 2018 RM6. End 2018 RM2!? Something is very very wrong with this co!

Curious why 3rd party contractors r involved in that stupid fibreline cut. Why TM own ppl didnt do it? Actually, fr what i heard, sememangnya TM lacked expertise to carry out the massive nation-wide fibre layout. Thats why so much delay.

Better privatize la macam tu!

Thats why im anti monopoli. TM “thought” they are the greatest co in the world n untouchable cos esp.so when they r also GLC. How can anything happen to them. However unethical, exploitative their pricing, rakyat must accept. Cos they r gomen linked! lol Gomen sure help anak buah la!

How hard is it for TM to fiberize an area? Im not in remote kg or forest u know... Even TNB is said to be able to provide internet service and compete with TM. But no news TNB will take that route. Whats wrong with our utilities providers? All cannot do, ka? So semua gomen punya grand plans only remain a dream la?! Hahaha!

TM staff asked me to lobby for residents my area to subscribe to TM. With enuf ppl, on, TM will consider bring fibreline over here! Hey, isnt this their job? Why i must do all that? I can always switch to their competitor! (Trouble is even time belum ada 100mbps at my area! Huhuhuh... Kambing soon though! )

I want a discount, TM!

Sorry, i typed too fast. And DUN feel like delete again what Ive posted above. Im paying aro RM200. RM129 is for 100mbps. My area only can receive 30 mbps, so the current market price is RM79 only! Aiyoyo! Isnt that daylight robbery !

—-
As old old Customer of TM, I paid even more than u, deMusangKing! I even asked if they can downgrade my package to new RM129. TM says, sure but kena signed 2 yrs contract with them again! I asked if i can downgrade my TV package to exact same thing offered at 25% discount for new subscribers, TM says sure, also must sign contract! What for forced Customer to stick with them! Oh, if you downgrade ( to same speed, new subscriber price) kena pay 1 off switch over fee. And if terminate earlier than contract kena pay RM500 penalty or outstanding contract amt! TM is like acting gangster ady! Die die potong us! No fair price, Customer rights in Msia, ka?

Apa daya. Only can complain loud loud in forums. When i call TM or visit their TMPoints no 1 can help. Our only hope is Gobind hear us here n help.

Posted by Alex™ > Nov 17, 2018 05:57 PM | Report Abuse

haha, relaks cannot relax d, on fire liao

As old old Customer of TM, I paid even more than u, deMusangKing! I even asked if they can downgrade my package to new RM129. TM says, sure but kena signed 2 yrs contract with them again! I asked if i can downgrade my TV package to exact same thing offered at 25% discount for new subscribers, TM says sure, also must sign contract! What for forced Customer to stick with them! Oh, if you downgrade ( to same speed, new subscriber price) kena pay 1 off switch over fee. And if terminate earlier than contract kena pay RM500 penalty or outstanding contract amt! TM is like acting gangster ady! Die die potong us! No fair price, Customer rights in Msia, ka?

Gobind must also get TM to explain what plan TM hv for Unifi users!

TM tried to act the hero, make promises they cannot fulfill. Now seems more like half the speed double triple the price!

KUALA LUMPUR, Nov 17 — The Communications and Multimedia Ministry (KKMM) has called on Telekom Malaysia (TM) to explain its high charges for Digital Subscriber Line based broadband service Streamyx and address customers’ grouses with the service.

KKMM Minister Gobind Singh Deo said he had directed the Malaysian Communications and Multimedia Commission (MCMC) to contact TM and seek clarification over the matter, and a report would be released by next week.

“TM should be more concerned. They should provide an explanation regarding the Streamyx issue to their customers. What are the suggestions for resolving this issue? If Streamyx’s copper infra (phone line cables) is not capable of delivering high speed (broadband), please state so and clearly explain what are its next steps (to solve the problem)?” he said in a tweet today.

He also pointed out keeping mum over the issue was not an option especially when there were so many Streamyx users in the country.
https://www.themalaysianinsight.com/bahasa/s/112162

Now v r seeing ppl live up to 80-100 yo. With so many graduates reported to be unemployed, spend·thrift etc, how? Gomen gonna keep spoon feeding young and old p from cradle to grave? And tax the middle class work horse till we die?Only in communist country, income can be equal. Are we moving towards that direction? With Robin Hood tax policy, seems like its pretty good to be poor in this country.

Those TM cannot upgrade, just give us discount la! So simple the solution!

Certain type of plastic can be recycle. No worries.

Want & Need very different.

Ok ok Tun ‘dictator’ may be doing a mini cabinet reschuffle soon. https://www.thestar.com.my/news/nation/2018/11/11/a-reshuffle-already-...
Who do you think is best candidate to bring up our stock market?

Not true, stock market pulse gives hint to economy health. Very important.

Unfortunately, half of listed co comprised badly managed GLCs (cronies, political appointees etc etc ) And these GLCs r in direct competition with non Gomen co. Result is unfair competition. Lose lose situation. Gomen “now” realized that. PH also realized the biz of gomen shouldnt be running biz. They r elected to govern a country! Serve the ppl who voted them for office.

PH gomen did say they will sell some listed GLCs to help settle some of our countrys debt. Win win situation. Gomen gets the money, these biz gets more capable owners. Profit will then roll in. Share price will go up. Market will be up. Every1 will huat.

Im waiting for this idea of theirs to be carried out. Hope fully before their 1 yr in office is up. Takes years to build up the index. They better do something b4 klse drop tooooo low... Kasihan investors yg kena dance this Limbo rock! Haha!
https://m.youtube.com/watch?v=iTKj_Vd5_Bk

Im just asking a question. Not implying anything. Seems like u know the figures. Opinion or facts?

If Tun din come back rescue Msia, we all now dah jahanam. These days, he even requested those who critised him not to be tangkap. Thats quite demokrasi d.
https://www.malaymail.com/s/1692060/democracy-will-flourish-again-says-dr-m

Klau kritik pun, biar sederhana. Lets not attack the person, just fokus on the issue. Must respect org tua. Itu adat org Msia.

I wonder if these days masih ada rakyat tinggal bawah jambatan? Absolutely no place to sleep at nite. Ada tak?

Gomen no $ tak apa. Use SS method je ;) https://www.malaymail.com/s/1692047/syed-saddiq-moots-turning-disused-quarters-into-homes-for-rent

Where r Msia brightest? Do v hv special coaching for them? Hv they been ignored?

https://www.thestar.com.my/business/business-news/2018/11/08/moodys-leaves-petronas-ratings-unchanged-but-lowers-outlook-to-negative/

Bad news. :(
https://www.thestar.com.my/news/nation/2018/11/08/najib-sarcastically-congratulates-pakatan-over-petronas-rating/

https://sg.news.yahoo.com/fundmyhome-could-lead-subprime-crisis-030903467.html

FundMyHome scheme a risk for house buyers, experts say
https://www.freemalaysiatoday.com/category/nation/2018/11/07/fundmyhome-scheme-a-risk-for-house-buyers-experts-say/

https://www.malaymail.com/s/1691166/najib-suggests-insider-knowledge-in-fundmyhome-scheme

This 1 fr experts. Many good points.


FundMyHome scheme a risk for house buyers, experts say
Syauqi Jamil - November 7, 2018 7:44 AM
1.6k Shares 1.4k 60 52 10

Several property experts have questioned if the FundMyHome scheme will really benefit house buyers. (Bernama pic)
PETALING JAYA: Property experts have expressed scepticism and concern over the recently launched FundMyHome scheme for house buyers, saying it is too good to be true.

Chartered property surveyor Ernest Cheong said the scheme, which was launched last Sunday, was misconceived and would not benefit the people.

On the contrary, he said, it would only get them in trouble in five years’ time.

Under the scheme by EdgeProp, there is no monthly repayment. Instead, after a commitment period of five years, buyers can either sell the home, buy out the remaining portion of the property not owned by them at market price, or refinance the home, either via FundMyHome or a normal bank mortgage.



The scheme requires homebuyers to come up with 20% of the property price which will be placed in a trust account and used to pay off the 5% annual investment return to the participating institutions for a five-year period.

The balance of 80% will be contributed by participating financial institutions such as Maybank and CIMB.

Cheong equated the scheme to that of a typical sale and purchase agreement (SPA) but with more dire consequences if the buyer fails to pay up the remaining portion at the end of the five-year period.

“SPAs have a condition that the agreement can be cancelled if you fail to obtain a bank loan and you can get your money back. But with the FundMyHome scheme, buyers risk losing their 20% and the house if they cannot deliver the balance after five years.

“You have occupational right but not ownership right. Like paying advance rent. There is no recourse because it is a risk that you have to take. It’s a very dangerous scheme,” he told FMT.

He added that this was even more risky given the economic situation in the country as he feared the arrival of a recession.

He voiced surprise that Finance Minister Lim Guan Eng was supporting the scheme in view of the risk it posed to the public.

He also suggested an alternative to the government if the main reason behind the FundMyHome scheme was to honour Pakatan Harapan’s election promise of building one million affordable housing units.

“If you release all the reserve land or repossess abandoned houses through the Land Acquisition Act 1960, developers can save on land costs as all they need to incur is the building cost.

“Build high-rises, not terraces. For 500 sq ft per unit, they can sell for between RM150,000 and RM200,000. I am sure the people can afford it. Don’t ask them to pay RM500,000 and say it’s affordable.”

Are properties really worth their price tags?

Meanwhile, a developer who declined to be named said it was unlikely that developers would settle for collecting just 80% of the price for a home and not knowing if they would receive the remaining 20% after five years.

He said there was no guarantee that the property would increase in value in that time.

In a conventional loan, developers receive the full amount of the selling price with the buyer instead of owing the bank.

“Which developer is happy to collect only 80% of the money they should get? I will only be willing to collect 80% of the price of a home if I am ready to disregard the remaining 20%.

“If the developers are happy to just collect 80% then I guess it’s all good, but I don’t think developers are so generous. Let’s not kid ourselves,” he said.

He also questioned if properties listed under the FundMyHome scheme were really worth their price tags as the price of a property could have been increased up to RM1 million when its actual worth is only RM800,000.

He said if this was the case, even if the developer received 80% of the price of the home, they would be “safe”.

“So was it worth RM1 million to begin with? If it’s worth RM800,000 then the buyer has overpaid for the false comfort of not having to pay any instalments for five years,” he said.

When asked if the reason behind such initiatives was to help developers sell off unsold homes, he said it was unlikely that the developers listed under the FundMyHome scheme were cash-strapped.

He said the FundMyHome scheme could be a good scheme as more money would be drawn from outside of banking resources but added that this would only work if the properties were not overpriced.

Gomen oso can change. DUN say bank cannot go bankrupt. Or a normal co cannot go under. Heheh...

But if banks also in, for sure bank get the fattest, juiciest meat. The rest, reserve for high risk taker lol ? For sure they’ll luv your investment. ;)

Posted by qqq3 > Nov 8, 2018 05:18 PM | Report Abuse

CIMB and Maybank are the main investors......surely CIMB and Maybank will not go bankrupt........

@henly, re: >5% FD, got. U cek. Fresh fund. Esp. During promo. Must looong term ya.

This funnyhome ( lol ) no guarantee u dpt 5% ya. Can earn telur juga ya. ( Fr investor POV).

Hahaha! Rupa ada sama ka? Tu Nobi more cute! Perangai mcm mana? Kutuk2 org ya?

FD pun can get > 5% pa if put long term. Stock market can get even better rates of course! ;)

If v check those rumah kos rendah by gomen, price very cheap u know. RM150k pun ada. Private developer price where got so chippp? U go to the site, check check.

Remind me not to invest in CIMB and Maybank also. As they seem more into CSR than bottomline. Look at the default rate of such scheme in other countries...

Too risky for retirement fund play2 with rakyat punya $$$$ oh!

If epf tarak otak invest, i think ramai yg withdraw fr epf!

@ Winter Is Kambing! Lol Hahaha! Nobita kartun tu notorious for what?

lenggang lenggang lenggang lenggang kangkung .... biasalah... why must change? if dun wanna change u bite me ahhh? Hahaha...

Capital control tu bcos of Jibby jugak. Bcos of him bizmen semua kena pantau macam criminals.

Hard copy issue Per request? Account Dept, IRB all need that as proof of purchase.

The thing is can the target group ( aka B40) b able to cough up the 20% initial
payment. 20% is alot of money for the poor.

Launch to public investors only in Q1 next yr. IF approved by SC.

Did the gomen listen to him? If not, why bother set up advisory panel like Council’s of Eminent Persons...Wish Daim is the Finance Minister...

Yes, Calvintaneng, u got it so right!
Come la, ride ur bike( bike lane toll free soon) to Msia come invest in Msian properties n cars! Plenty of ready stocks! Sure huat! That’s PH promise to u! ;)

Just happened in China!
https://money.cnn.com/2018/08/08/news/economy/china-p2p-lending/index.html

qqq3
P2P financing not new in Msia. All other existing ones also regulated by SC.
https://www.sc.com.my/digital/list_rmo/

Any idea if they are doing well?