Posted by davidkkw79 > 2018-05-25 23:25 | Report Abuse

新任财长不能再只是揭秘解密，和一味指责前朝政府过错，令股汇双市连连败退，更重要的是公布这庞大过兆负债的解决之道

Posted by davidkkw79 > 2018-05-25 23:26 | Report Abuse

Cause our finance minister still thinking he is still opposite party.

Posted by Albukhary > 2018-05-25 23:39 | Report Abuse

Actually PFI shouldn't consider as debt, it is a kind of future committed expenses.
Normally, debt come together with asset. For example, you buy a house RM1mil, and you borrow 900k from bank. So in your Balance Sheet, you will declare you got RM1mil asset, and RM900k debt. So this is fair enough.

But what happen if you are not buying, you decided rent it from landlord, you sign an agreement with the landlord that you will rent the house for 15 years, with rental RM5k per month, or RM60k per year. When you declare your personal balance sheet, your asset is zero, and will you recognised that you have a debt of RM900k (being committed annual rental RM60k x 15 years)?

I believe you will said no right, because that is just a commitment of future expenses, we can't recognised it as debt.

Posted by davidkkw79 > 2018-05-25 23:47 | Report Abuse

I think we need to change our finance minister....we should propose better talent candidate for this important role.

Posted by Albukhary > 2018-05-25 23:53 | Report Abuse

I like Pakatan Harapan, and I'm happy that LGE become our Finance Minister.
However, I'm a Accountant, I must respect my own professionalism, so I cannot accept LGE (as a Finance Minister) simply announce something inaccurate and misleading the public.

Just wondering our Finance Minister is working alone or working with a team of professional accountant / auditor.. If there is a professional team behind, why no one advise him?

Posted by Nikmon > 2018-05-26 00:20 | Report Abuse

it is good to be trasperant, i would rather transparent than lies..

1mdb land was bought from gov with super cheap for development.. now 1mdb just sold land back to MOF with higher price....idiot

this is why 1mdb said transfer back instead sell to MOF...

this obvious is a scam

Posted by Desmond Tee > 2018-05-26 10:58 | Report Abuse

i think the new MoF give us a opportunity to collected the share from now..