PASUKHAS GROUP BERHAD

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13,541 comment(s). Last comment by Good123 1 hour ago

Good123

14,976 posts

Posted by Good123 > 1 week ago | Report Abuse

Buatlah yang sama di depan pejabat sabri supaya lembaga pengarah pasukhas laksanakan projek yayasan veteran atm dengan segera. Ada berani? :)

https://www.freemalaysiatoday.com/category/nation/2022/09/14/army-veterans-walk-from-perak-to-putrajaya-to-demand-pension-review/

sunsetbiz

470 posts

Posted by sunsetbiz > 1 week ago | Report Abuse

only ppl who loss lot always bark here for attention .....sendiri cakap sendiri siok yoy....:)

Good123

14,976 posts

Posted by Good123 > 1 week ago | Report Abuse


Demokrasi, sesiapa pun boleh bercakap, dll dalam forum ni. Kalau bukan demokrasi, guna kuku besi, sunatkan kamu haha

@sunsetbiz

only ppl who loss lot always bark here for attention .....sendiri cakap sendiri siok yoy....:)

28 minutes ago

Good123

14,976 posts

Posted by Good123 > 1 week ago | Report Abuse

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Good123

14,976 posts

Posted by Good123 > 1 week ago | Report Abuse


KUALA LUMPUR (Sept 15): About 62%, or 55 of 89 foreign airlines operating out of the five international airports in the country that had suspended their operations due to Covid-19-related travel restrictions, have resumed operations, according to airport operator Malaysia Airports Holdings Bhd (MAHB).

The international gateways are the Kuala Lumpur International Airport (KLIA), the Langkawi International Airport, the Penang International Airport, the Kota Kinabalu International Airport and the Kuching International Airport.

In a statement on Thursday (Sept 15), MAHB said a total of 1.7 million international passengers passed through the five international airports it manages in August, a 7.1% increase compared to the preceding month.

"Other than resumption of flights and introduction of new routes, other factors that contributed to the increase were relaxation of visa requirements by Saudi Arabia, leading to more Umrah flights; and [the] easing of travel entry requirements for foreign travellers into Malaysia.

"The number of international passengers for the group’s Istanbul Sabiha Gokcen International Airport (ISG) in Turkey also increased by 4.9% year-on-year (y-o-y) to 1.5 million in August," it added.

The number of domestic passengers who passed through the 39 airports MAHB manages in the country totalled 3.1 million passengers in August — 65.7% of pre-pandemic levels in 2019. ISG, meanwhile, registered 1.6 million domestic passengers in August, which is equivalent to 79.1% of pre-pandemic levels in 2019.

"All these had contributed to the group’s recovery, where total passenger movements for the group stood at 7.9 million passengers (Malaysia: 4.8 million; ISG: 3.1 million) in August — the highest passenger volume recorded for the year thus far," said MAHB.

At 2.52pm on Thursday, MAHB shares were up one sen or 0.17% at RM6, bringing it a market capitalisation of RM9.96 billion.

Good123

14,976 posts

Posted by Good123 > 1 week ago | Report Abuse


KUALA LUMPUR (Sept 15): The alumni of The Edge Communications Sdn Bhd former editor-in-chief Ahmad Azam Mohd Aris' alma mater have said the authorities are "shooting the messenger" by charging him over reports of penny stock manipulation in 2021.

"To penalise Azam for highlighting this is akin to shooting the messenger, instead of investigating the veracity of the message.

"Our alumni [association] urges the authority to examine this matter without fear or favour to ensure that Azam gets a fair hearing," Alumni Masscomm Universiti Teknologi MARA (UiTM) president Basree Rakijan said in a statement on Thursday (Sept 15).

Basree added that the faculty's alumni are deeply concerned that Ahmad Azam is criminally charged for fulfilling his duty as a media practitioner.

"Azam, who has served as former group editor of the esteemed media organisation, has displayed professionalism and integrity in his job. As his alumni, we can vouch for his uprightness and his unblemished reputation is known in financial circles.

"As such, we are in complete disbelief that he has been charged for reporting what he considered an unusual trend in penny stocks," he explained, and quizzed: "Is this not what good journalists are supposed to do?"

To recap, Ahmad Azam, who currently serves as The Edge's editor emeritus, was charged on Tuesday (Sept 13) in two cases at the Petaling Jaya Magistrate's Court for criminal defamation of Metronic Global Bhd non-executive director Datuk Kua Khai Shyuan, DGB Asia Bhd, Trive Property Group Bhd, Metronic Global Bhd, and MNC Wireless Bhd.

The Edge's contributing editor Shanmugam Murugasu was also named as an accused in one of the cases but was unable to attend court on Tuesday as he was not in the country. He was granted a discharge not amounting to acquittal until he returns, whereby he will be re-charged.

The court allowed Ahmad Azam a bail of RM500 with one bailor for one case, and a bail of RM2,500 with one bailor for the other. The court fixed Nov 22 for the next case management.

Read also:
Why charge editors over articles that had exposed stock market manipulation?
The Edge former editor-in-chief charged with criminal defamation for reporting abnormal penny stocks surge
Hanipa: Criminal defamation charge against journalist too harsh, extremely oppressive

Good123

14,976 posts

Posted by Good123 > 1 week ago | Report Abuse

Ingat? :)

Rights Issue
PASUKHAS GROUP BERHAD

Entitlement subject Rights Issue
Type Renounceable
Entitlement description RENOUNCEABLE RIGHTS ISSUE OF UP TO 992,394,438 NEW ORDINARY SHARES IN PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") ("PASUKHAS SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 578,896,755 FREE DETACHABLE WARRANTS IN PASUKHAS ("WARRANTS A") ON THE BASIS OF 12 RIGHTS SHARES TOGETHER WITH 7 FREE WARRANTS A FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 21 JUNE 2021 ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 18 Jun 2021
Entitlement date 21 Jun 2021
Entitlement time 5:00 PM
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 21 Jun 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.1000
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name PASUKHAS GROUP BERHAD
Entitlement Ordinary Rights
Ratio (New:Existing) 6.0000 : 1.0000
Rights Crediting Date 21 Jun 2021

Good123

14,976 posts

Posted by Good123 > 1 week ago | Report Abuse

:)

Share Consolidation
PASUKHAS GROUP BERHAD

Entitlement subject Share Consolidation
Entitlement description CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") ("PASUKHAS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 10 JUNE 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 09 Jun 2021
Entitlement date 10 Jun 2021
Entitlement time 5:00 PM
Financial Year End 31 Dec 2021
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 10 Jun 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Ratio
Par Value (if applicable)
Entitlement Details
Company Name Ratio
(New : Existing) Available/Listing Date Fractional Entitlement
PASUKHAS GROUP BERHAD 1.0000 : 10.0000 11 Jun 2021 Round Down / Fraction Disregard

Good123

14,976 posts

Posted by Good123 > 1 week ago | Report Abuse


KUALA LUMPUR (Sept 15): Perak-based lingerie maker Caely Holdings Bhd said its founder and non-executive director Datin Fong Nyok Yoon has resigned effective immediately, citing health issues.

She has also relinquished her position in the risk and remuneration committees. Fong is the wife of Caely’s former managing director Datuk Chuah Chin Lai.

In April, Fong, 61, had launched a lawsuit against the company and six current and former directors, prohibiting them from allotting and issuing new shares in the company through a private placement exercise.

In June, she had also lodged a police report against the lingerie maker’s board of directors for the dissemination of alleged false and misleading information on Bursa Malaysia regarding the appointment of Datuk Jovian Mandagie and Sandraruben Neelamagham as board members. Caely later retracted the appointment of Mandagie and Neelamagham, citing miscommunication.

Then in August, Caely filed a lawsuit against Fong and 11 others to recover alleged misappropriated funds amounting to RM30.55 million, as well as seek exemplary damages from Fong and Chuah for breach of fiduciary duty as directors of the company.

Caely came under the spotlight in April amid a freeze order on its subsidiary’s bank accounts by the Malaysian Anti-Corruption Commission and an ongoing forensic audit probe into allegations of suspicious and irregular transactions.

Less than two weeks prior to MACC’s freeze order, Caely had appointed an independent forensic auditor, Virdos Lima Consultancy (M) Sdn Bhd, to investigate allegations of suspicious and irregular transactions in its wholly-owned subsidiary Caely (M) Sdn Bhd (CMSB), which is involved in property development, construction, sales and trading of undergarments, garments and personal protective equipment.

The company’s boardroom also saw an overhaul last month.

Caely shares were untraded today. It last closed at 28.5 sen, bringing it a market capitalisation of RM73.6 million.

Good123

14,976 posts

Posted by Good123 > 5 days ago | Report Abuse

Veteran atm boleh berpiket didepan pejabat sabri jika projek yayasan atm pasukhas tak dilancarkan lagi :)

Good123

14,976 posts

Posted by Good123 > 5 days ago | Report Abuse

Veteran atm boleh desak sabri untuk menyiapkan projek yayasan atm pasukhas, usah menipu mereka dengan puak pengarah pasukhas :)

Good123

14,976 posts

Posted by Good123 > 5 days ago | Report Abuse

Anugerah projek yayasan atm pasukhas yang tak dibuat ini akan menjadi salah satu senjata ph ataupun pn untuk menyerang sabri-bn pada pru 15... Sabar ya!

Good123

14,976 posts

Posted by Good123 > 5 days ago | Report Abuse

Sabri patut menekan pengarah2 pasukhas yang dah kenyang supaya menjualkan pasukhas kpd glc ataupun konglomerat yang berwibawa untuk menyiapkan projek yayasan atm pasukhas. Usah menipu veteran atm yang dah tua bersama pengarah2 pasukhas;)

Good123

14,976 posts

Posted by Good123 > 5 days ago | Report Abuse


On Sept 13, our editor emeritus, Azam Aris, was charged in the Petaling Jaya Magistrate’s Court for criminal defamation of Datuk Kua Khai Shyuan, DGB Asia Bhd, Trive Property Group Bhd, Metronic Global Bhd and MNC Wireless Bhd over articles The Edge published on how penny stocks were manipulated by hidden hands on Bursa Malaysia.

When we were informed on Sept 12 by ASP Mohd Adnan Alias of the Brickfields District Police that the Deputy Public Prosecutor’s (DPP) Office of Kuala Lumpur had directed that charges be filed against two of our editors, Azam Aris and M Shanmugam, we were shocked that they were intervening in what, if anything at all, is essentially a civil dispute.

M Shanmugam is currently out of the country and we are told he will be charged when he returns.


This is the background:

• On July 29, 2021, one of our editors was informed by an investigating officer (IO) with the Brickfields District Police that a police report had been lodged against us over the two articles.

• On Aug 2, two senior editors met the IO and were shown the two articles that had been published in The Edge weekly:

- “Hidden hands behind penny stocks surge under scrutiny” (April 12, 2021); and

- “Hidden hands behind penny stock surge” (Sept 21, 2020).

• The IO told our editors that The Edge was being investigated for criminal defamation under Section 500 of the Penal Code. This was after a police report was lodged by Kua, a businessman who is a minor shareholder and director of a few of the companies whose shares were trading in a volatile pattern over several months in 2020.

• In their statements to the IO, our editors said that extensive research had been done to put together the articles, involving mainly data and information obtained from Bursa Malaysia and company annual reports.

• At further meetings with the police on Aug 16, Aug 18, Dec 14 and Dec 16 in 2021, our editors were repeatedly told that we HAD TO PROVIDE THE NAMES of the journalists who were involved in the two articles.

• It was conveyed to the police why we could not provide the names of any of the journalists for safety reasons. We cited the incident in 2018, when a senior officer in the market surveillance department of Bursa was the victim of an acid attack, believed to be linked to an investigation into a market manipulation case.

• It is because we wanted to ensure the safety of our journalists that the two articles were published without any names.

Manipulation can wreak havoc on the orderly function of the stock market, damage the reputation of Bursa and cause many innocent people to lose money. Regulators like Bursa and the Securities Commission Malaysia frequently advise investors to be cautious. The volatile trading of penny stocks which took place in 2020 and early 2021 has abated, following our last article in April 2021 and after warnings by market regulators. Many people have lost money as the prices of these stocks have collapsed. However, the losses would have been much more had the manipulation continued in a big way.

As a media company that reports on the stock market and corporate sector extensively, we have a responsibility to highlight important matters to the investing public — including alerting them about how stock prices are being manipulated.

We are, therefore, baffled as to why the police and the DPP’s Office of Kuala Lumpur are pressing criminal defamation charges against us for informing investors about stock market manipulation.

Where is the defamation?

If the complainant, who is a private businessman, feels that we have defamed him, the police and DPP should ask him to file a civil suit against us instead of using public resources.

Datuk Ho Kay Tat
Publisher and group CEO
The Edge Media Group

Good123

14,976 posts

Posted by Good123 > 4 days ago | Report Abuse

Tunggu rafizi membongkar kes projek yayasan atm pasukhas , kenapa sabri bagi projek ni kpd pasukhas, pengarah2 pasukhas tapi projek tergendala , tak berjalan lagi, tiada promosi jualan, dll

Good123

14,976 posts

Posted by Good123 > 4 days ago | Report Abuse

Kenapakah pasukhas boleh mendapat projek yayasan veteran atm yang bernilai beratus-beratus juta ringgit walaupun sebagai Syarikat stok penny??? Apakah muslihat yang mau dibuat oleh sabri? Apakah ia satu lagi projek macam projek ternak lembu nfc dulu???

Good123

14,976 posts

Posted by Good123 > 4 days ago | Report Abuse

PETALING JAYA: The asset declaration mechanism for government officials, parliamentarians and senators will be strengthened to improve government integrity, says Datuk Seri Ismail Sabri Yaakob.

The Prime Minister said as such, amendments and improvements to the current Code of Ethics will be implemented.

Good123

14,976 posts

Posted by Good123 > 4 days ago | Report Abuse

Ismail Sabri said the meeting also agreed that the Audit Act 1957 (Act 62) will be amended by the National Audit Department to empower professionalism and guarantee the independence of the Auditor-General.

The meeting also agreed to carry out an evaluation on the direction of the Malaysian Institute of Integrity (IIM) with an annual fixed grant through the National Centre for Governance, Integrity, and Anti-Corruption (GIACC) for a period of three years beginning 2023 until 2025. This is aimed at improving and strengthening integrity in the country, said the Prime Minister.

“The role of IIM will be strengthened based on three core functions: education, advocacy and training; research and publishing; and strategic cooperation,” said Ismail Sabri.

The meeting also decided to boost service delivery and improve governance by the local authorities to strengthen elements of integrity, he added.

Good123

14,976 posts

Posted by Good123 > 4 days ago | Report Abuse

Tunggu giliran pasukhas :)

From Aug 29 to Sept 2, notable filings by Bursa Malaysia-listed companies included those from Ivory Properties Group Bhd.

Founder Datuk Low Eng Hock, who is also the single largest shareholder, sold 73.32 million shares, or a 14.96% block, in the Penang-based property development company on Aug 30 for just under RM3.1 million in an off-market transaction. That reduced his direct holdings to 27.25%, with deemed interested in another 5.76% stake. About 68.24 million shares were sold at 4.5 sen each while 5.08 million shares were sold at half a sen each, an Aug 30 filing shows.

The buyer is likely Datuk H’ng Choon Seng, managing director of Heng Huat Resources Group Bhd. A Sept 2 filing shows H’ng emerging as a substantial shareholder of Ivory Properties after buying 73.32 million shares, or a 14.96% block, off-market on Aug 30. The single largest shareholder of Heng Huat, H’ng owns just over 25% of the Penang-based company that manufactures and trades biomass materials.

Last month, Ivory Properties — which has been in the red since FY2022 ) — slipped into Practice Note 17 (PN17) status after its external auditor flagged material uncertainties about the company’s ability to continue as a going concern.

Good123

14,976 posts

Posted by Good123 > 3 days ago | Report Abuse

They say that they have nothing to hide should they be made to declare their assets to the MACC.

GLC and GLIC heads approve asset disclosure; activist demands for immediate family inclusion

Good123

14,976 posts

Posted by Good123 > 3 days ago | Report Abuse

PETALING JAYA: Heads of government-linked companies (GLCs) and government-linked investment companies (GLICs) say that they have nothing to hide should they be made to declare their assets to the Malaysian Anti-Corruption Commission (MACC).

Lembaga Tabung Angkatan Tentera (LTAT) chief executive officer Datuk Ahmad Nazim Abdul Rahman said that such an initiative was welcome, especially for companies which are accountable to the rakyat.

He said that asset declaration was one way to ensure that GLCs and GLICs were headed by people of integrity.

"As managers of a public fund, integrity is a key principle of our mission at LTAT. This is why I believe asset declaration is a way to enforce this.

Good123

14,976 posts

Posted by Good123 > 3 days ago | Report Abuse

Beritahu kami kenapa bagi projek hartanah yayasan veteran atm beratus-beratus juta ringgit kepada Syarikat penny stok macam pasukhas??? :)

Lembaga Tabung Angkatan Tentera (LTAT) chief executive officer Datuk Ahmad Nazim Abdul Rahman said that such an initiative was welcome, especially for companies which are accountable to the rakyat.

Good123

14,976 posts

Posted by Good123 > 3 days ago | Report Abuse

Biarkanlah rafizi membongkar kes projek hartanah KL yayasan veteran atm ni. Projek bernilai beratus-beratus juta ringgit tapi bagi kpd Syarikat penny stok... Mesti ada udang disebalik batu. Kes rasuah gergasi lagi barangkali

Good123

14,976 posts

Posted by Good123 > 3 days ago | Report Abuse

Ghafoor, A., Zainudin, R., Mahdzan, N. S. (2019). Factors Eliciting Corporate Fraud in Emerging Markets: Case of Firms Subject to Enforcement Actions in Malaysia. Journal of Business Ethics, 160(2), 587-608. doi:10.1007/s10551-018-3877-3

Good123

14,976 posts

Posted by Good123 > 3 days ago | Report Abuse

Factors Eliciting Corporate Fraud in Emerging Markets: Case of Firms Subject to Enforcement Actions in Malaysia
Springer
December 2019Journal of Business Ethics 160(2) Follow journal
DOI: 10.1007/s10551-018-3877-3
Abdul GhafoorAbdul GhafoorRozaimah ZainudinRozaimah ZainudinNurul Shahnaz MahdzanNurul Shahnaz Mahdzan
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Factors Eliciting Corporate Fraud in Emerging Markets: Case of Firms Subject to Enforcement Actions in Malaysia

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A Preliminary Study on Fraud Prevention and Detection at the State and Local Government Entities in Malaysia
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Abstract and figures
This study investigates the key factors that elicit financial reporting fraud among companies in Malaysia. Using enforcement action releases issued by the Security Commission of Malaysia (SC) and Bursa Malaysia, we identify a sample of 76 firms that had committed financial reporting fraud during the period of 1996–2016. We use the fraud triangle framework and the Malaysian International Standards on Auditing 240 to identify the factors. Since the simple probit model fails to address the identification problem (partial observability), we estimate our results using a bivariate probit model. The new model estimates the effects of pressure, opportunity, and rationalization on the probability of fraud likelihood by disentangling the detection probability of fraud. Among several proxies used for pressure, our results suggest that aggressive tax reporting and financial difficulties increase the likelihood of fraud commission. In regard to opportunity, we find that dedicated institutional investors, independence of the board, effective audit committee, and the presence of a female on the board provide active monitoring and oversight in reducing fraud occurrence. Results for rationalization suggest that prior violations and frequent changes of external auditors increase the chances of fraud occurrence. This research offers possible insights to auditors, managers, and regulators to prevent, detect, and react to fraud. Specifically, it highlights the specific factors that may exacerbate the fraudulent intentions of firms.

Good123

14,976 posts

Posted by Good123 > 3 days ago | Report Abuse

Serangan dah bermula:)


Media statement by Dr Ong Kian Ming, the Member of Parliament (MP) for Bangi, on Wednesday (Sept 21):

What do the RM50 billion debts incurred by Pembinaan PFI Sdn Bhd, the RM100 million post retirement “gift” to former Prime Minister Najib Tun Razak and the RM2 billion land purchase by Bank Negara Malaysia (BNM) in 2017 all have in common? All these cases involve transactions of land which are owned by the federal government of Malaysia. While these scandals merit investigation and discussion on their own, they point to a larger issue of federal land management and planning policy that has received very little public attention. What are the current policies which are in place to manage land assets which are owned by the federal government, either through the Federal Land Commissioner (FLC) or through individual Ministries or Agencies, including the terms and conditions by which these lands are sold? Are there policies which can be put in place to convert some of these lands into public spaces or if they are to be sold, to ensure that such sales are done in a transparent manner so as to maximize the revenue received by the federal government?

In 2014, I had written about how 186 parcels of land belonging to the Federal Land Commission (FLC) were used in a complex series of transactions to allow Pembinaan PFI, a 100% Ministry of Finance Incorporate owned company, to borrow RM30 billion from EPF and KWAP. C4, an anti-corruption NGO, subsequently published a detailed report with useful recommendations for reform. At the end of 2019, it was revealed that a piece of prime government land in KL worth an estimate RM60 million was given to Najib as part of his Prime Ministerial “retirement” package with another RM40 million of government funds set aside for the construction of a residence. In 2017, cabinet made a decision to sell a price of government land to Bank Negara Malaysia (BNM) for RM2 billion with the proceeds being used to pay off part of 1MDB’s debts.

According to a recent paper by Anesh Ganason and Afriq Farhan Abdul Rahim, the Federal Government owns a total of 28,944 titled lands covering 686,000 hectares and a total of 5505 lots of reserve lands covering 14,000 hectares. The total land area of approximately 700,000 hectares is the size of Wilayah Persekutuan Kuala Lumpur, Melaka and Negeri Sembilan combined. This includes developed land that is currently occupied by schools, clinics, hospitals and police stations and undeveloped land covering almost 5000 hectares broken up into 947 lots of land. The combined value of these land and property assets may amount to RM2 trillion, using a conservative estimate.

There is surprisingly little policy guidance at the level of the federal government on how to manage this land. The Federal Land Commissioner Act 1957, which spells out the responsibilities of the commissioner, has only 8 articles and was last amended in 1988.

The Department of the Director General of Land and Mines (JKPTG) manages the land owned by the FLC in conjunction with the Federal Ministries and Agencies which are using this land. A search of the website of JKPTG shows how statutory bodies, corporations which are majority Malaysian owned and organisations registered under the Registrar of Societies can simply write to this department to propose a lease agreement for lands and property owned by the FLC. Of course, submitting an application does not guarantee approval. But the lack of clear guidelines and the lack of a proper and transparent application process raise questions that the approval of such applications is subject to corruption and abuse.

The Pavilion shopping mall on Jalan Bukit Bintang, which was previously the Bukit Bintang Girls School (BBGS), was sold to a local developer in 1999 for an undisclosed sum. One wonders how much this property could have fetched in an open tender when economic conditions after the Asian Financial Crisis had improved. This is just one example out of many educational institutions that were forced to move to make way for private property development in financial dealings with the federal government that were not fully transparent. Even in cases where the value of the land transaction is known, such as the land-swap agreement between SP Setia and the Ministry of Health involving the building of an integrated health and research institute in Setia Alam in exchange for 21 hectares of prime land in Jalan Bangsar, questions remain with regard to the value of such land-swap deals. For example, there was no independent valuation done on the value of the two pieces of land exchanged.

Good123

14,976 posts

Posted by Good123 > 3 days ago | Report Abuse

Perlu wang utk pru, tunggu je. Mungkin ikan Masin kembali hidup :)

Jessgoh

1,174 posts

Posted by Jessgoh > 3 days ago | Report Abuse

Omg…Still got ppl dream here zzz

Michael R.

4,187 posts

Posted by Michael R. > 3 days ago | Report Abuse

Hehehe... you wait for consolidation coming first ... then they could do RI/PP too ... how to execute the project if not enough cash...??

Good123

14,976 posts

Posted by Good123 > 2 days ago | Report Abuse

Sabri usah bersubahat dengan geng pengarah pasukhas, jaga kebajikan veteran atm yg sudah tua , bersara haha

Good123

14,976 posts

Posted by Good123 > 2 days ago | Report Abuse

Harga balik historical price 5sen p/b value 0.5 seperti laporan research Maybank kan?

:)

Good123

14,976 posts

Posted by Good123 > 2 days ago | Report Abuse

Jika pasukhas tiba2 terbang tinggi, tak peliklah, tukar milik sedang dibincangkan barangkali:)

Good123

14,976 posts

Posted by Good123 > 2 days ago | Report Abuse

Pasukhas, bila? :)


KUALA LUMPUR (Sept 21): Glomac Bhd’s net profit tripled to RM5.18 million for the first quarter ended July 31, 2022 (1QFY23), from RM1.73 million a year earlier, on higher revenue contribution from increased sales and construction activities.

Earnings per share rose to 0.67 sen from 0.23 sen, the property developer’s bourse filing showed.

Quarterly revenue more than doubled to RM65.49 million from RM28.84 million on the back of higher contribution from its property development segment.

Glomac said the improved financial performance was mainly driven by the resumption of construction activities in tandem with the easing of Covid-19 restrictions in the country.

Contributing projects to the revenue included ongoing phases in Saujana Perdana, [email protected] Jaya and 121 Residences, the group said in a statement.

Glomac noted that it achieved higher new sales of RM52 million in 1QFY23, compared with RM30 million in 1QFY22.

The better sales performance was driven by the full take up of its shop offices at Lakeside Residences, Puchong as well as firm demand of ongoing township projects at Saujana Perdana and Saujana Utama 5. RUMA33, the maiden launch at Saujana Utama 5, is all sold since its release to the market in late-2021.

Looking ahead, Glomac said it aims to drive earnings through steady construction progress at ongoing projects, and executing RM469 million new launches planned for this year.

It said unbilled sales of RM512 million as at July 31 offers earnings visibility for the group.

“Glomac intends to drive earnings through steady construction progress at its ongoing projects, and successfully executing its upcoming new launches.

“However, there are underlying concerns over the inflation, labour shortage, rising interest rate and material cost that may affect the property sector.

“Longer-term prospects remain intact, underpinned by a healthy balance sheet and a strong pipeline of future development projects largely strategically located within the Klang Valley,” the group said.

Glomac’s share price finished unchanged at 28 sen, bringing it a market capitalization of RM224 million.

Good123

14,976 posts

Posted by Good123 > 2 days ago | Report Abuse

Pasukhas, next?


KUALA LUMPUR (Sept 21): The Centre to Combat Corruption and Cronyism (C4) has questioned why Tan Sri Lodin Wok Kamaruddin — former chairman of Boustead Heavy Industries Corporation Bhd (BHIC) and one of the key figures in the Littoral Combat Ship (LCS) scandal — has not come under the scrutiny of the authorities, given his involvement in the supply chain companies for the scandal-tainted project.

In a press briefing on Wednesday (Sept 21), C4 said that Lodin, who was connected to the scandal via a web of BHIC-owned subsidiary companies, remained largely isolated from any formal investigation by anti-graft agencies.



“We want to highlight this to MACC (Malaysian Anti-Corruption Commission). Lodin is involved in all the supply chain companies for the LCS project.



"But this is the work of MACC, are they doing their job? There are some real names that have escaped scrutiny,” contended C4 executive director Cynthia Gabriel.



Citing the Public Accounts Committee (PAC) report, the anti-corruption non-governmental organisation said that during his leadership of BHIC, Lodin had facilitated the set up of shell companies such as Contraves Advanced Devices Sdn Bhd (CAD) and Contraves Electrodynamics Sdn Bhd (CED) — the main contractor responsible for the procurement of various components for the LCS.



C4 alleged that the two companies were set up with the intention of using the companies as vehicles to avoid detection of fund misappropriation.



BHIC held the majority stake of 51% in both CAD and CED, while German-based Rheinmetall Group held the balance 49%; but a report by the PAC said that Lodin ceded complete control to Rheinmetall.



The NGO also highlighted that between July 2008 and October 2016, Lodin was the deputy chairman of Affin Holdings Bhd, which controls Affin Bank that had extended loans to Boustead Naval Shipyard (BNS) — the company that undertook the LCS project.



“The connections are too striking to be ignored in that Lodin Wok formerly occupied the board of directors and the chairman role of Affin Bank. Affin Bank is also connected to other companies that Lodin Wok has occupied high-ranking positions that are involved in the LCS scandal", said C4 research officer Bryan Cheah.



He highlighted that Lodin was the chief executive of the Armed Forces Pension Fund (LTAT) from August 1982 until September 2018, which holds substantial stakes in Boustead Holdings Bhd and Affin Bank.



LTAT owns 59.42% stake in Boustead Holdings Bhd.



LTAT holds a direct 33.32% stake in Affin Bank, while Boustead Holdings also owns a direct 20.85% stake in the banking group.



Meanwhile, Boustead owns 65% in BHIC and its parent LTAT owns 8.16%.



“In the LCS scandal, LTAT’s presence is less direct, but nonetheless significant. LTAT is the majority shareholder of Boustead Holdings and also has shares in its subsidiary BHIC, and thus retained some control over the company's operation,” Cheah pointed out.



Boustead Holdings is the largest shareholder of BNS holding 68.85%, followed by BHIC 20.77% and LTAT 10.38%.



The Edge reached out to Lodin for comment, but had yet to receive a response at press time.



C4 also asked MACC to announce its findings into its investigations into the LCS scandal, which the anti-graft body had completed in August.



On Aug 11, MACC said it had completed its investigation into individuals linked to the LCS project, and that investigation papers had been handed to the Attorney General's Chambers (AGC). MACC said it had also made recommendations on charges to be filed against these individuals.



“For now, MACC is keeping mum on the investigation report they did. There are no updates. This is an important issue that has got national interest. They should update the public, so that it restores and builds confidence in the anti-graft agency,” said C4 investigative researcher Pushapan Murugiah.


C4 said its claims are based on its internal investigations into a number of publicly available documents by the Investigating Committee of Procurement, Governance and Finance (JTSUPKK) report on the LCS, and the declassified internal forensic audit report by BHIC into the LCS controversy.

Good123

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Posted by Good123 > 2 days ago | Report Abuse

Pengarah2 dah kenyang dengan esos, dll... Boleh cabutlah... Geng ni tak boleh turnaround selepas mengambil kesempatan, mereka akan cabut dan jualkan semua, wait n see :)

Good123

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Posted by Good123 > 2 days ago | Report Abuse

Geng ni ada kabel politik besar. Walaupun penny stok company, dapat projek hartanah bernilai beratus-beratus juta ringgit dari agensi kerajaan yayasan veteran atm haha

Good123

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Posted by Good123 > 2 days ago | Report Abuse

Semoga sabri desak puak hidden hand ni jualkan semua, jejaskan imej bn lagi :)

Good123

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Posted by Good123 > 2 days ago | Report Abuse

The market may also favour the renewable energy, construction and building materials segments prior to the tabling of Budget 2023. We also like export-oriented segments, such as the packaging industry," it added.

Good123

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Posted by Good123 > 2 days ago | Report Abuse

Laporan muka depan akhbar Kosmo! esok

‘Duit KWSP habis bayar hutang’

ATM kekal relevan selepas 89 tahun

#kosmo

Good123

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Posted by Good123 > 1 day ago | Report Abuse

Bagus, desak puak hidden hand lepaskan pasukhas... Sabri berpura2 pun tak berguna:)

Malaysia loses RM3 trillion within 25 years due to corruption https://newswav.com/A2209_2jaTIR?s=A_i93zQ3b

https://www.freemalaysiatoday.com/category/opinion/2022/03/10/politik-sangap-rasuah/

Good123

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Posted by Good123 > 1 day ago | Report Abuse

Next, pasukhas :)

KUALA LUMPUR (Sept 23): Real estate company Mulpha International Bhd received an unconditional voluntary takeover offer notice at RM2.30 a share on Friday (Sept 23) from several joint offerors, who intend to acquire the remaining Mulpha shares not held by them.

"A copy of the takeover notice is enclosed in this announcement, and the same will be posted to the holders of the offer shares within seven days from the date of this announcement," Mulpha said in a filing with Bursa Malaysia.

Good123

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Posted by Good123 > 1 day ago | Report Abuse

Takeover offer if any .. historical p/b value + 20%, 5sen+ 1sen= 6sen, rough estimate. NTA 11sen

Posted by nightmare007 > 1 day ago | Report Abuse

Good123 take over la pula...hahahahaha....ditipu hidup2

Good123

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Posted by Good123 > 1 day ago | Report Abuse

https://eprints.qut.edu.au/200914/

Analysing the causes of corruption in the Malaysian construction industry
Yap, Jeffrey Boon Hui, Lee, Kai Yee, & Skitmore, Martin (2020) Analysing the causes of corruption in the Malaysian construction industry. Journal of Engineering, Design and Technology

Posted by nightmare007 > 1 day ago | Report Abuse

Menteri Good123 ---> good analysis! :)

Good123

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KEPALA BATAS (Sept 23): The Ministry of Housing and Local Government (KPKT) hopes its application for 100% stamp duty exemption for ownership of first-time homeowners of properties priced above RM500,000 and RM1 million would be approved at the tabling of Budget 2023 next month.

Its minister Datuk Seri Reezal Merican Naina Merican said that for now, full stamp duty exemption is only for first-time homeowners of properties priced RM500,000 and below through the Keluarga Malaysia Home Ownership Initiative (i-MILIKI), while houses priced above RM500,000 to RM1 million are given a 50% stamp duty exemption.

“I hope the Ministry of Finance (MOF) will consider giving a 100% stamp duty exemption for houses priced above RM500,000 to RM1 million because property buyers in this price range usually comprise those from the M40 group.

“I do not want us to be seen as only defending the needs of the B40 group and I hope this application will be approved, on condition it is for the first house and developers give a discount of 10% to the buyers,” he told reporters after launching the“Jom Beli Rumah Wilayah Utara” Carnival here on Friday (Sept 23).

In addition, Reezal also hopes that the “Skim Jaminan Kredit Perumahan” (“SJKP”), which provides financing guarantees totalling RM2 billion under Budget 2022, would be continued under Budget 2023, which will be tabled on Oct 7.

He said the SJKP plays a vital role in boosting the property market, as it enables those who can afford to buy but do not have official income documents (payslips) or fixed income to obtain mortgage financing of up to 100% from selected financial institutions.

He said the three-day carnival launched on Friday offers more than over 92,000 units of houses throughout the northern region and is expected to attract over 15,000 visitors.

“This carnival is organised in conjunction with the Home Ownership Programme (HOPE) Tour series, with the agenda being home ownership among the low- and middle-income groups,” he said.

The “Jom Beli Rumah Wilayah Utara” Carnival has 45 booths and the participation of 23 housing developers like Bertam Properties Sdn Bhd, SP Setia Bhd, OIB Group, Aspen Group, Oriental Kedah Realty and EcoWorld Property.

Good123

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KUALA LUMPUR (Sept 23): Property developer EcoFirst Consolidated Bhd has proposed to acquire the remaining 49% stake in a subsidiary that owns 4.18 acres of land in Sungai Besi for RM78.4 million.

The stake in the firm, BCM Holdings Sdn Bhd, is held by Tan You Tiong, who is also a major shareholder of EcoFirst with a 14% equity interest.

In a filing with Bursa Malaysia, EcoFirst said approval has been obtained from the Kuala Lumpur City Hall for the change of zoning from industrial to commercial, for the land located in the Chan Sow Lin industrial estate.

BCM plans to develop 1,700 units of serviced apartments situated over a podium of retail lots on the land, with the project having a gross development value of about RM1 billion and a gross development cost of RM620 million.

“Barring any unforeseen circumstances, the group is expected to recognise a gross profit of approximately RM380 million across the estimated development period of four years,” said EcoFirst.

Shares of Ecofirst closed flat at 36 sen on Friday (Sept 23), giving the group a market capitalisation of RM417.52 million.

Good123

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Posted by Good123 > 7 hours ago | Report Abuse

Speaking at the IIC-SIDC Corporate Governance Conference 2022 today, the SC Chairman said that asset managers and owners must use their position as investment stewards to shape and influence their investee companies to improve their sustainability practices

Good123

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Posted by Good123 > 1 hour ago | Report Abuse

*MAJLIS MENGHARGAI JASA VETERAN ATM PERINGKAT DUN PAYA JARAS*

Program ini adalah inisiatif Kerajaan Negeri, sebagai tanda penghargaan kepada bekas perajurit atas jasa dan bakti dalam menjaga keamanan negara sekaligus meraikan para veteran ATM di Negeri Selangor, melalui Jawatankuasa Tetap Pembangunan Generasi Muda, Sukan & Pembangunan Modal Insan Yb Mohd Khairuddin Othman
(Merangkap Ahli Dewan Negeri Paya Jaras )

<<<siaran langsung dari SK>>>
24 September 2022 (Sabtu)

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