....Pharmaniaga gets 25-month interim extension after concession ends.... we know how efficient the gov and strong political will, but at the expense of sick people.
Most businesses enjoy some kind of government policies anyway (tax, promotion, infra), most importantly, whether they deliver the job, and helps others like employment, transfer of tech etc. I prefer the one that met this criteria and of course make reasonable money out of it. Hey it helps me too (and us if we give it a chance). Afterall, 60 millions profit from 70 millions of pharma is from manufacturing. Worry? I am not, unless population is going down. It is like my position from an energy counter, simple.
Just sad to hear the change of heart, sorry not sad because Pharma have been extended but sad to see the the gov of the day is filled with these U TURN guys WHO never used their brains causing uneasiness to the down line users, poor company, and market. Could it be market manipulation??? can someone from the governing bodies please check. (If at all it was true with one month notice pharma would have to initiate a lot of shutting down process -- company operation / management staff will understand-- debtors of assets and maintenance will ask for payment and also stop work. Lots more
It is not change of heart but an act of suicide if they cut off Pharmaniaga immediately. The Gov will not survive. Both party are in symbiosis mode. What the gov doing now is buying time. If I were Pharmaniaga I will reject the 25 months extension and request for an immediate open tender. See who dies first. Stupid politician always think they know all.
The Government has agreed to provide a 25-month interim period for procurement of drugs to Pharmaniaga Bhd after its concession ends on Nov 30, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.
He said the interim period from Dec 1, 2019 to Dec 31, 2021 was to ensure that there was no supply chain disruption in the supply and distribution of medicines to the Health Ministry's facilities nationwide.
skleego, I dun really agreed.. if u do biz, why you want to hire staff, hire accountant, hire bangla to help you to work, why don't do it yourself ?
they help us to filter, write report, go agm.. so they charge 1899, they are right to do so.. they did do something.. you talk so much.. why dun you do it, go agm, write report, study everything, and share it to us for free ? think before you type, pls la
Pharmaniaga Bhd hogs the limelight today. The stock opened at RM2.62 this morning, a big gap from last Friday's closing of RM2.26, on news that the government has agreed to provide a 25-month interim period for procurement of drugs to Pharmaniaga after its concession ends on Nov 30.
The stock is trading at RM2.45, soaring 19 sen or 8.41%, as at 10.30am, with about 1.078 million shares changing hands.
The Health Minister Datuk Seri Dr Dzulkefly Ahmad last Friday said the interim period from Dec 1, 2019 to Dec 31, 2021 was to ensure that there was no supply chain disruption in the supply and distribution of medicines to the public healthcare facilities nationwide.
"If the Ministry of Health is able to take over the role of Pharmaniaga in less than 25 months, then an open tender for procurement of medicines will be initiated early," Dr Dzulkefly told the media after his ministry's post-Cabinet meeting last Friday.
Pharmaniaga's share price plunged two weeks ago on concerns that the company will lose its medical supplies concession after Dr Dzulkefly announced that there would be no more concessionaires for logistics and distribution services for medical supplies, and an open tender system would be introduced instead.
Pharmaniaga Bhd confirms today that it has secured a five-year extension for the provision of logistics and distribution services to the Ministry of Health, to end on Dec 31, 2024.
so what is the rubbish that the health minister announce before this ?
annouce no more extension , then now exten 5 years
please la, if not yet final dont make any annoucement
why until now PH still cann learn the lesson?
after annouce no more extend, and now say will exten due to cannot find other to replace PHARMA which is good the why at the 1st place annouce say no more exten
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Posted by Jeffreyteck > 2019-11-09 08:56 | Report Abuse
....Pharmaniaga gets 25-month interim extension after concession ends.... we know how efficient the gov and strong political will, but at the expense of sick people.