all goreng kaki will shift to Sap on Monday.....MoF in serious discussion to Bailout Sap....SerB will ask for mercy from bank's knives. DonT think Gov can bailout both Sap & SerB
Let them rot away peacefully, why should government spend billions to bail them out..better to put the billions in development to benefit the people...
Actually I am in favor of Government rescuing both Serba and Sapura. making the Malaysian Government bankrupt is a good thing. a bankrupt government will create advantages, like example all Government assets will be auctioned off including all schools and universities, hospitals, submarines, the non-existent Littoral Combat ship not built, MIG 21s, Sukhovs, Police cars, highways, Kastam, LHDN etc etc.
=> you might be able to bid RM1.00 for your favorite school.
:)
8dragon
Let them rot away peacefully, why should government spend billions to bail them out..better to put the billions in development to benefit the people...
the idea is NOT this bailout after this bailout say RM10 Billion for Serba and RM100 Billion for Sapura
the next bailout in 7 years time will be RM50 Billion for Serba and RM500 Billion for Sapura
Rinse and repeat until Malaysian Gobermen goes bankrupt by ever increasing bailout amounts.
then everyone can bid for anything they like whether land rovers, combat planes, tanks, roads, hospitals, schools, lamp posts, traffic lights, Klinik Kesihatan, Klinik Gigi etc etc
say if you own a traffic light, all passers by will need to pay RM10.00 to go through just 1 traffic light. Of course you can submit bid for 1,000 traffic lights right? say if you own some bankrupt schools, all who attend must pay RM1,000.00 per student or just eat grass.
:)
BobAxelrod
SD is not a GLC, so why do you still think Gobermen would bail them???
Moreover, if the East Malaysian State wishes to bail them, the Banks would be so much more grateful. And the Bondholders too.
Don't sell to US, it would be like Ukrain as battle of field and canon folder against China. A devil US. But by the way US inflation is 8.3% economy on the verge of collapse.
KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
Sapura is : 1. GLC Made by PH when they ask PNB to inject fund inside Sapura. Now UMNO have to come and save this GLC. 2. GLC normally will be save by Government 3. Sapura in one of Bumiputra assets and hold large Bumiputra number of share. Further reduction in Bumi assets and share is not an option for the Government at this moment. 4. Sapura is holding strategic assets for the country including the oil reserve in sabah and sarawak which cannot simply allowed to be sell to other foreign country or go bankrupt. We done this previously with IHH when PH selling it to Japan and we lost control of the largest assets to foreigner. This government don't want to repeat the same mistake.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mabel
23,556 posts
Posted by Mabel > 2022-05-21 15:29 | Report Abuse
Hahaha Absolutely !
Mabel already on board in SD
Mabel already on Board in SE
Mabel already on board in Dnex
Have you?
To Our Chicken
Meow Meow Meow