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Good change 6% GST with 16% SST. hHAHAHAHAH. Smart move. The only country in the world going backward while almost most of the country in the world are moving towards GST including INDIA and later will follow middle east. Even the kaya raya country also have GST. The problem not with the GST. The problem is with the tauke-tauke who control the goods and it chain .Who are they? Chinese ? Maha Firaun Crony? you figure out. We are not stupid.

Better Next year. So many RCI should come out including RCI on Memali,PKFZ,MAS losses to cover up Forex losses,Syarikat perkapalan own by Maha Firaun son to be bail out by petronas, perwaja steal, bank bumi putra, proton continues losses and bail out by government,Memaco, TNB losses to be bail out by PETRONAS and Many Many more.

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hahahah listing of O & G stock pun salahkan BN. Kejap lagi kau Mati pun kau salahkan BN kot.Hahahaha. Bodoh tak sudah2.

By October 2017 CPO settlement price will reach 3000 above supported by Malaysia Budget that will surely have a good news for Felda and the entire palm oil industries. By End of this year CPO settlement price will be around 3100 - 3200 as the monsoon season kick off in Q4 this year.

buy now. Trump need more vegetable oil for those affected in Florida and Najib is there to hand his help to trump.

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UK Court Rules No Evidence That Najib And Malaysian Judiciary Are Corrupt

http://www.malaysia-today.net/uk-court-rules-no-evidence-that-najib-and-malaysian-judiciary-are-corrupt/

“Malaysians can now rest assured that Sarawak Report is nothing but a fake news portal that fabricated email transcripts, shopping receipts, banking documents, money trails and what have you, none of which were authentic, none of which would hold in the court of law”

VIDEO : AG Loretta Lynch And US DoJ Not Clean After All And Can Be Bought

http://www.malaysia-today.net/ag-loretta-lynch-and-us-doj-not-clean-after-all-and-can-be-bought/

wow freefall. what happen. company dah takde duit langsung ka. Mau bankrupt ka.

hehe pandai la september. Budget is in October. Takkan GE before that. Tak sempat nak umum increase of salary of govt servant.

hahahah

wow ada good news also no movement. teruk ini.

MAHA FIRAUN @ Mahathir, Anwar Ibrahim, Daim Zainuddin, Nor Mohammad Yaacob, Zeti Akhtar Aziz, Lim Kit Siang & Opposition will be burn to the ground. Najib will finish all. The drama of RCI Bank Scandal about to open and this is going to be the biggest scandal in Malaysian History which bankrupt Bank Negara Malaysia in 80s and 90s.

CABINET APPROVES ROYAL COMMISSION OF INQUIRY ON BANK NEGARA FOREX LOSSES

http://www.malaysia-today.net/cabinet-approves-royal-commission-of-inquiry-on-bank-negara-forex-losses/

SYED SADDIQ, YOU JUST GOT NAILED GOOD AND PROPER

http://www.malaysia-today.net/syed-saddiq-you-just-got-nailed-good-and-proper/

So there you are! Is this not what I said in my articles? That was the plan all along. On 15th June 2017, the DoJ would make their announcement. Then, for the one week after that, many Pakatan Harapan leaders would issue press statement after press statement regarding the DoJ announcement. And then Malaysians would balek kampung. And during Hari Raya, while eating rendang and ketupat, they will discuss the DoJ matter.

hahah gaduh pasal bahasa. Faham tak my bahasa. hahahaha

this people baru main saham kot.

Azmin Ali = Corrupt MB in Selangor with all scandal including splash scandal

Muhyiddin = This is lembu. His dumpness and his sex scandal has destroy his own career.

Dr M = Mother of all Corruption and wrongdoing in Malaysia. Ask LKS he know all maha firaun wrongdoing and he even document it in book including multi billion forex scandal.

news out already la. isa guy all taking thier money now. After all this finish it will go back

Pakatan is the Most Stupid.They cant event choose their potential PM. Let alone run a country. They suggest Maha Firaun @ Mahathir as their future PM? HAHAHAHAH. What a bunch of stupid people heading Opposition.

KUALA LUMPUR: Sumatec Resources Bhd says it will not be going through with its proposed plan to take control of the Rakushechnoye oil and gas (O&G) field in Kazakhstan via the acquisition of CaspiOilGas LLP (COG), which it announced last year.

It announced last July that it would be acquiring Markmore Energy (Labuan) Ltd (MELL), the parent company of COG, for US$205 million.

The deal would have given Sumatec ownership of MELL’s O&G reserves at Rakushechnoye, the concession of which belongs to COG.

“We will not be acquiring COG through Markmore (MELL). We will instead focus on our gas utilisation plan and building a liquefied petroleum gas (LPG) plant that will allow us to start extracting LPG,” Sumatec’s managing director Abu Talib Abdul Rahman told reporters after the group’s annual general meeting yesterday.

Abu Talib was referring to a framework agreement signed on Feb 17, 2017 among Sumatec, MELL and Ken Makmur Holdings Sdn Bhd, which will see the production of LPG and condensate from the natural gas supplied from the Rakushechnoye O&G field.

The proposed LPG production is intended to provide Sumatec with a new source of income and allow for the monetisation of the gas produced at the Rakushechnoye field.

The LPG plant, to be located within the O&G field, will be funded by Sumatec for an estimated US$95 million (RM404.7 million). It is scheduled to be operational in two years. Abu Talib said the company hopes to start work on the plant by September.

Abu Talib’s announcement came after Sumatec revealed on Wednesday that the Kazakhstan government had granted COG an extension on the exploration area within the Rakuschechnoye lease allotment, and extended the mining lease for COG and Sumatec, the designated operator of the field, by up to 25 years. COG’s initial 25-year concession would have expired in August 2025. As such, COG plans to drill up to six more new wells in the area.

Sumatec was appointed the designated operator of the Rakushechnoye field after sealing a joint investment agreement (JIA) in March 2012 with MELL and COG, under which it is allowed to carry out all operations relating to the production of oil from the Rakushechnoye field.

The JIA entitles Sumatec to 100% of the profits for the first two million barrels of produced oil, and 50% of it thereafter. Abu Talib added that the existing JIA, which would have been terminated if the acquisition went through, will continue as normal.

“We thought about [the proposed acquisition] and think it is more viable for us to keep to the JIA and focus on our framework agreement to build the LPG plant, which will give us good returns in the future,” he said

Sumatec shares closed unchanged yesterday at 5.5 sen yesterday for a market capitalisation of RM193.3 million.

US DEPARTMENT OF JUSTICE FILING OF CIVIL ACTION

PRESS RELEASE

ATTORNEY GENERAL MALAYSIA

The Attorney General’s Chambers of Malaysia (AGC) takes note of the latest civil lawsuits by the United States Department of Justice (DoJ). This second action comes on the anniversary of the first, and appears to be a repeat of it. We would like to express frustration that yet again AGC was not informed or alerted by DoJ of this action.

We also note that there has been no evidence from any investigation conducted by any ‎law enforcement agencies in various jurisdictions that shows that money has been misappropriated from 1MDB; and that there have been no criminal charges against any individuals for misappropriation of funds from 1MDB.

1MDB is a Malaysian company and has been the subject of multiple investigations within Malaysia, including by the Malaysian Anti-Corruption Commission, Auditor General and bi-partisan Public Accounts Committee. After review, we found that that no crime was committed. Presently there is still an ongoing investigation conducted by the Royal Malaysia Police concerning 1MDB.

We would like to express strong concerns at the insinuations that have been made against the Prime Minister of criminal wrongdoing. At no point in the civil claims is the Prime Minister named as a defendant or has been alleged to have committed any criminal wrong doing.

To date AGC has yet to receive any request from DoJ to obtain any information or evidence. However, we would welcome such a request in line with our commitment to international cooperation and the fight against money laundering.

As I have promised before, AGC will not hesitate to initiate proceedings against the perpetrators of criminal acts provided there is sufficient evidence to do so. Any wrongdoing will be punished and Malaysia will always uphold the rule of law.

TAN SRI DATO’ SRI HAJI MOHAMED APANDI BIN HAJI ALI

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MAHATHIR’S FEEBLE ATTEMPT AT REVIVING THE DEAD 1MDB ISSUE

“The Justice Department announced today the filing of civil forfeiture complaints seeking the forfeiture and recovery of approximately $540 million in assets associated with an international conspiracy to launder funds misappropriated from a Malaysian sovereign wealth fund. Combined with civil forfeiture complaints filed in July 2016, seeking more than $1 billion, and civil forfeiture complaints filed last week seeking approximately $100 million in assets, this case represents the largest action brought under the Kleptocracy Asset Recovery Initiative. Assets now subject to forfeiture in this case total almost $1.7 billion,” said the DoJ in a press release yesterday.

The announcement was made by Acting Assistant Attorney General Kenneth A. Blanco, Acting U.S. Attorney Sandra R. Brown of the Central District of California, Assistant Director Stephen E. Richardson of the FBI’s Criminal Investigative Division, and Deputy Chief Don Fort of the IRS-Criminal Investigation (IRS-CI).

Mahathir is trying to revive the now dead 1MDB issue to distract Malaysians from the problems Pakatan Harapan is facing that may see it go the way of Pakatan Rakyat two years ago

This is actually round two of DoJ’s first announcement, which was made in July last year, and is Tun Dr Mahathir Mohamad’s latest and feeble attempt at reviving the now dead 1MDB issue and try to keep the matter alive until the next general election. Mahathir realises he has nothing left with which to attack Prime Minister Najib Tun Razak so he is revisiting the 1MDB issue hoping that he can bring the issue back to life and continue to use it against Najib.

When the DoJ attack was first launched in July last year, Mahathir put Tun Daim Zainuddin and Kadir Jasin in charge of the publicity campaign. That was exactly a year after the July 2015 coup when Najib was supposed to have been ousted from office. Unfortunately, Kadir bungled the publicity campaign and the July 2016 DoJ attack fell flat and went nowhere, wasting millions and a whole year’s worth of work.

Cynthia arranged PKR’s funding from Soros, lied that France had issued a warrant of arrest for Najib, and is behind the latest DoJ action as well

After that Mahathir asked Cynthia Gabriel, Matthias Chang, Sivarasa Rasiah and Clare Rewcastle Brown to take over. Sivarasa is Anwar’s lawyer (who filed yesterday’s court action regarding the RM9.5 million Najib is alleged to have paid Muhammad Shafee Abdullah) while Cynthia is the link with the United States. In 1999, Cynthia organised PKR’s funding and she arranged for George Soros to come out with the money to finance PKR’s 1999 general election campaign. So the United States is practically her playing field.

The Verified Complaint for Forfeiture (READ HERE) was actually drafted by Sivarasa and Matthias, after which Cynthia handed it to Sandra Brown, the Acting U.S. Attorney of the Central District of California. Sandra is the same person who was involved in last year’s exercise as well. A week ago copies of this document was given to Mahathir and Clare. Hence everyone had been properly primed for yesterday’s attack. When he received the documents, Mahathir commented, “Kali ini kita habiskan Najib.”

hahah from free malaysia today aka Utusan.

nothing good about sumatec. waste time. hahah kalau i pukul dengan batu jer director tu.

Hahahah i told you so. You think najib will just duduk diam. He diam also all his enemy die including Maha Firaun @ Mahathir now know as Opposition hero. hahahahah. Now see the price. Najib already say ...solve this issue before raya. So tak faham-faham lagi ka? hahahahah.

PM not worried la of GE14. BN already win GE 14. It just a matter whether opposition can denied BN 2/3 majority or not. Which i think BN possible to win that also.Opposition is a cartoon.

tak guna buat AGM la. price not moving and it is a bad company.

Sarawak Government's decision to set up its own oil and gas (O&G) company for upstream exploration activities. Hubline can be one of the candidate. heheh.

is it going to be the new oil & gas company under sarawak govt

Zzzzzzzzzzzzzzzzz

people lost confident already

in 2 week the price will move up until before raya.

Before RAYA it will shoot very high.

ISA SAMAD UNDERESTIMATED NAJIB’S RESOLVE

http://www.malaysia-today.net/isa-samad-miscalculated-najibs-resolve/

Isa Samad mistook Najib’s silence as tacit approval. And this is the mistake many people (politicians and heads of GLCs included) make. They think Najib is easily fooled and if he keeps quiet that means you have managed to pull the wool over his eyes. Najib might listen to what you say. But that does not mean he will listen to just what you say. He will check the veracity of your story to see if you are telling the truth. And he has his team of Boffin Boys for that.

Raja Petra Kamarudin

Pakatan tak guna. Pakatun. Farkatun.

Sumatec to raise up to RM20.5mil through private placement

Read more at http://www.thestar.com.my/business/business-news/2017/06/07/sumatec-to-raise-up-to-rm20pt5mil-through-private-placement/#V70Hi1jctg5yrL7C.99


KUALA LUMPUR: Sumatec Resources Bhd, which had a negative operational cash flow of RM46.02mil last year, has proposed a private placement to raise an estimated RM20.5mil to finance its day-to-day working capital requirements.

The upstream oil and gas player told Bursa Malaysia that up to 386.61 million new shares (10% of its current paid-up capital) would be issued.

Subject to the prevailing market conditions, the proposed private placement may be implemented in multiple tranches within six months from the date of approval of Bursa Malaysia Securities Bhd or any extended period approved by the regulator.

Therefore, Sumatec said, there could potentially be several price fixing dates depending on the number of tranches and timing of implementation.

The company said the proposed exercise would raise gross proceeds of up to RM20.49mil based on an indicative issue price of 5.3 sen per placement share - about 8.78% discount to the volume-weighted average market price of Sumatec shares for the five market days up to the latest practicable date of 5.81 sen.

Other than the estimated expenses of RM750,000, the proceeds would be used totally for the working capital requirements, including staff salaries/allowances (RM7.2mil) and rental and utilities (RM3mil) within 12 months.

Sumatec said the proposed private placement was expected to be made within two months.

“The proposed private placement is an interim proposal to meet the immediate funding needs of the Sumatec group pending the implementation of the comprehensive series of fund raising and securities issuance proposals as announced on Feb 17,” Sumatec said.

The proposals announced in February included a private placement of up to 1 billion shares in Sumatec to independent third-party investors, issuance ofup to 800 million Sumatec shares as payment to contractors at the Rakushechnoye oil and gas field in Kazakhstan, and a 1-for-2 rights issue together with one warrant for every rights share subscribed.

The 1 billion placement shares were at that time assumed to be issued at an indicative price of 8 sen each, thus raising RM80mil in gross proceeds.

Sumatec share closed unchanged at 6 sen on Wednesday, with 1.14 million shares changing hands.

hahah pergi AGM mengamok la.

waa vick so confident

blood everywhere

this is no limit up la. look like long way to go.

IRWAN SERIGAR AND THE WANDA DEAL

http://www.malaysia-today.net/irwan-serigar-and-the-wanda-deal/

Irwan Serigar leaked confidential information regarding the Bandar Malaysia-TRX deal to anti-government portal The Malaysian Insight to burnish his diabolical plot. Irwan also lied to the Prime Minister by saying that IWH-CREC violated the terms of the agreement, which is why their agreement must be terminated. Irwan purposely did not pre-warn the Prime Minister about the anticipated reaction of the Chinese government regarding the abortion of the deal with IWH-CREC because he was was positioning Dalian Wanda-Malton to take over.

“Chinese Prime Minister Li Keqiang told Najib that China hopes the deal on Bandar Malaysia stays unchanged. Najib may have to take the Chinese wishes into consideration,” said a government source in Beijing.