Posted by izoklse > 2015-02-19 23:49 |

Post removed.Why?

Posted by limsiansee111 > 2015-02-20 14:50 | Report Abuse

1MDB did not buy YTL's power asset. The infamous "take and pay" and generous 1st Gen IPP license will expire in Sept this year. Who gave you the idea that 1MDB bought YTL's power plant?

The Genting Sanyen plant was not end-of-life and has been renewed with a much lower tariffs as part of a competitive tender held in Oct 2012 by The Energy Commission for another 10 years.

It is however, true that Ananda's IPP, Powertek plant, which was too old, was not renewed and will expire - hence causing a RM2billion write-off for 1MDB. And this is one of the biggest hint why Ananda had guaranteed 1MDB's RM2b bridging loan.

1MDB bought Ananda's Tanjong Energy Assets which included the Powertek plant because it was a group of 9 other power plants which included the number one IPP for Bangladesh and Egypt and is a valuable cash-generation asset that adds bulk and attractiveness to the IPO of 1MDB's power assets

Posted by limsiansee111 > 2015-02-20 14:51 | Report Abuse

Who are the Malaysian and international subscribers of its US$6.5 billion (RM23.41 billion) global sukuk other than those we already know, almost all of which are government-linked companies and investment funds (GLCs/GLICs)?

LSS: I am sure you can ask the investment bankers for 1MDB who placed out the bonds as this is what they were paid to do in the first place. Best of luck though, as I am certain the confidentiality agreements put into place by the international lenders and their bankers would make it very difficult to get this info.

Posted by realsingapore > 2015-02-20 15:14 | Report Abuse

Singapore’s household debt-to-GDP ratio at 73 per cent in 2013 is also one of the highest in the world. Singapore’s corporate debt-to-GDP ratio at 78 per cent (Q2 2014) is also one of the highest in the world.

Singapore’s public debt-to-GDP ratio at 105.5 per cent (2013 estimate) is amongst the top ten countries in the world

Posted by realsingapore > 2015-02-20 15:15 | Report Abuse

There are also no statistics on “debts” in Singapore, in the article.

Singapore is ranked third in the world after Japan and Ireland for debt owed by households, nonfinance corporations and government – at 382 per cent debt-to-GDP ratio.

Singapore’s household debt-to-GDP ratio at 73 per cent in 2013 is also one of the highest in the world.

Singapore’s corporate debt-to-GDP ratio at 78 per cent (Q2 2014) is also one of the highest in the world.

Singapore’s public debt-to-GDP ratio at 105.5 per cent (2013 estimate) is amongst the top ten countries in the world

Posted by realsingapore > 2015-02-20 15:16 | Report Abuse

PAP accused WP of benefiting their "supporters". Let's see how PAP benefits themselves and their next-of-kins.

Lee Hsien Loong’s wife (Ho Ching) is CEO of Temasek Holdings. Lee Hsien Loong’s sister (Lee Wei Ling) is Head of National Neuroscience Institute (a PAP government medical institution). Lee Hsien Loong’s brother (Lee Hsien Yang) is Chairman of Civil Aviation Authority of Singapore (a PAP government statutory board)...."

What do you think?