hehhehe every month got big news leh...but price no move one. they should push down again to 0.185.hehehhe.

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PART 2 : -
7. Mr Pesek’s opinions do not seem to have a strong connection to the facts. He gives away his true agenda when writes that “Asia-based journalists have missed Mahathir Mohamad since he left office in 2003” and suggests “a return to old political leadership” is “urgent”.
It may be that nostalgia for the past and his distance from Malaysia have clouded his judgement, and led him to write an unsubstantiated hatchet job on the current prime minister in order to please a former prime minister about whom he gushes, his “mercurial governing style and fiery rhetoric made for great copy”.
He certainly seems to have changed his mind about Tun Mahathir. Only last year he wrote: “The insular and jury-rigged system of affirmative action, national champions and fat subsidies over which Mahathir presided now holds the economy back. The Malaysian leader also had a tendency to embarrass his nation on the international stage with his nutty anti-Semitic tirades.”
He concluded: “Malaysians must find fresh inspiration by looking forward, not back to 1990.” We agree. Why does Mr Pesek now think we should look back to a system he described in such a derogatory manner last year?
8. Malaysia has undergone an impressive economic transformation under Prime Minister Najib and the country is on course to reach the goal of becoming a high income status nation by 2020 – as the figures and achievements I have mentioned above make clear.
Because of our achievements, I was invited to share our experience at both Harvard and Oxford Universities this year. At the Harvard Kennedy School of Government, I had the privilege to share Malaysia’s success story with government ministers from many countries. Last month, I was invited to share our experience with Russian cabinet ministers in Moscow.
9. I wonder why it is that many countries and institutions can see the progress we are making, but Mr Pesek chooses not see any of it? His latest outburst is consistent with a serious of slanted articles that unfairly run down Malaysia and its leadership.
‎
10. Differing opinions are bound to be expressed on Bloomberg View. The defence of “fair comment”, however, does not apply to getting facts so woefully wrong. We would hope that the editors at Bloomberg agree, and will correct or take down such a disgracefully biased and ill-informed article.
Yours,
Y.B. Senator Dato’ Sri Idris Jala
Minister in the Prime Minister’s Department and CEO of the n Performance Management and Delivery Unit (PEMANDU).

When I read William Pesek’s latest commentary on Bloomberg View, I barely recognised the country he was writing about. He starts by referring to Malaysia’s “underlying economic distress” and “prolonged slow growth”, which he says are caused by “race-based policies that strangle innovation, feed cronyism and repel multinational companies.”
‎
The facts, however, are these:

1. Between 2009 and 2014, Malaysian Gross National Income grew by 47.7 percent.

2. Growth last year was six percent, and over the next four years the OECD predicts Malaysia will enjoy annual growth of 5.6 percent. It would be perverse to characterise this as “slow”. By contrast, the Economist reported last month that “The European Commission is forecasting growth in 2015 of 1.5 percent, which would be the euro area’s best outcome since 2011.” A growth rate nearly four times that of some of the most advanced economies in the world hardly suggests “distress”.

3. Prime Minister Najib Tun Razak launched Malaysia’s ‘Economic Transformation Programme’ in 2010. Let me highlight some key achievements:
- Firstly, in the last 5 years, annual investment growth has been 2.5 times more than in the preceding years. Each year, total investment reached a new record for Malaysia. The bulk of this investment is from the private sector. If the private sector has no confidence in Malaysia as alleged by Mr Pesek, why would they put in record investment year on year under the Najib administration?
- Secondly,‎ the country’s fiscal reforms are being successfully implemented, cutting Malaysia’s fiscal deficit for the past 5 years, while keeping public debt at only 53% of GDP. This level of public debt level is far lower than in many countries, such as the US, UK, France, Japan and Singapore.
- Thirdly, as detailed in the World Bank’s Global Economic Prospects report 2014, Malaysia’s efforts at reducing poverty have been a great success, virtually eliminating absolute poverty to less than 1 percent. Since 2009, the income of the bottom 40 per cent households has increased by a compound annual growth rate of 12 percent, even higher than the national average of 8 percent. Inflation has been kept in check at only 2.4 percent. And through the implementation of minimum wage legislation, we have lifted 2.9 million people immediately out of absolute poverty.
- Fourthly, we touched the lives of 5 million people through rural roads, electricity and water projects. This represents possibly the biggest government expenditure over a 5 year period in the history of Malaysia. All of these were done in the name of inclusive economic development.

4. That should be enough to dispel the suspiciously negative picture Mr Pesek paints. But let me address some of his other inaccurate accusations too.
As for the alleged failure to “dismantle race-based policies that strangle innovation”, let me quote from a report in a respected international news organisation:
“Malaysia eased rules governing overseas investors, initial public offerings and property purchases, peeling back decades of benefits to ethnic Malays… Foreign companies investing in Malaysia and locally listed businesses will no longer need to set aside 30 percent of their equity to so-called Bumiputera investors, Prime Minister Najib Razak said today. He also raised overseas ownership thresholds in the fund management industry and at local stockbrokers.” At Initial Public Offerings, “Publicly traded companies will no longer have to meet any Bumiputera equity requirement under today’s liberalisation measures.”
If Mr Pesek disagrees with any of the above, perhaps he might discuss it with his editors. The report was published, after all, by none other than Bloomberg.

5. At another point, he writes that Prime Minister Najib has “deepened the economy’s reliance on oil and gas production”. The International Monetary Fund believes otherwise. The headline on its “Economic Health Check” report this March was: “Favorable Prospects for Malaysia’s Diversified Economy”.

6. Mr Pesek rounds off his imaginative piece of writing by declaring that “the ringgit’s fluctuations are a decent summary of the country’s wayward course in recent years”.
Perhaps he would like to discuss this with Malaysia’s Tan Sri Zeti Akhtar Aziz, one of the most admired central bank governors in the world. She has repeatedly said that the ringgit is undervalued. Here is what she said recently: “When the oil price plummeted, the wrong perception of the degree of dependence of the Malaysian economy on the oil and gas sector led markets to think that we would be more affected than others. Of course the ringgit is undervalued. It doesn’t reflect our underlying values, which are solid and strong.”

PART 1

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lately a lot of new investor buying it..emm something...

im waiting at 0.18

i think it will stop go down and stable around 0.60-0.70.Goodluck all.

wow freefall

what 17 cent ? so if that the case than wait for it to go down la because can buy more before the push up the price.

i dont know if they can amend the RI to a new price but i believe that must go back to shareholder and EGM again to get approval. At current price it is totally not attractive to investor. What is their strategy i dont know.

currently this is one of the safe counter with much more upside potential due to strong performance from manufacturing and tech counter.

i put target price at 0.25 at this moment.

I think 18c

tunggu VSOLAR go first. They cannot goreng both. One by One.

hahahah what are u talking about wan? their financial problem already settle with creditor and private placement also done with new shareholder inside and new team inside and also they turn to property now will a few project already in hand and a few will be announce later. hahahhah u sleep ker all this while. hahahhaah.

heheheh triving and waiting the right time la. they control the price ma.

it will only shoot back after reach target 0.09 - 0.095.

heheh the code non stop la.

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This code transaction happen since last tuesday.

i dont think it is selling in small quantity. But it is more to code that only syndicate know between them. They are waiting for an event/instruction/announcement...

i also want to play code la. Kacau their code. Buying or selling in small number like that easy ma.

again with the code

http://www.malaysia-today.net/blogger-says-sarawak-report-hid-key-1mdb-documents/

KUALA LUMPUR, June 6, 2015:
Online blog Sarawak Report has come under attack again for misleading publications related to 1Malaysia Development Bhd (1MDB), with another online blog Benchmark accusing the former of withholding key documents.
Just days after Citizens for Accountable Governance Malaysia (CAGM) blasted Sarawak Report editor Clare Rewcastle Brown’s denial that her husband Andrew Brown was acquainted with former Prime Minister Tun Dr Mahathir Mohamad, the Benchmark blogger wrote: “It is devious of Sarawak Report to only selectively leak and publish a few documents which allowed Sarawak Report to mislead their readers.”The Benchmark blogger added: “Sarawak Report has published only only a dozen of these thousands of documents they admit that they have in order to manipulate a storyline that they want to allege.

“In the interest of fairness, we invite Sarawak Report to release every single of the thousands of documents that they said they have in order to let their readers be the judge of the full story.”
The Benchmark blogger wrote: “The documents proves that PetroSaudi-1MDB joint venture was initiated with the Malaysia government at the highest level of the Saudi Arabia Kingdom royal family.
“PetroSaudi is owned by Turki bin Abdullah Al Saud, the seventh son of the then King Abdullah bin Abdulaziz Al Saud. Prince Turki was also the Governor of the Riyadh Province.
“With King Abdullah’s blessings after His Highness meeting with Malaysia Prime Minister (Datuk Seri) Najib Razak. the documents show that Prince Turki has instructed PetroSaudi to enter into a Joint-venture with 1MDB.
“As Prince Turki is the founder and chairman of PetroSaudi International, he wrote using his Royal letterhead to Najib Razak ‘As a follow up to the dialogue we initiated, please find enclosed a letter from MY CEO’.”
The Benchmark blogger also wrote: “The second letter is from 1MDB lawyers Wong and Co with attachments of letters written by the CEO of PetroSaudi International to the 1MDB-PetroSaudi JV to demand repayment of US$700 million (RM2.61 billion) into PetroSaudi International’s JP Morgan Chase Account for account of RBS Courts Bank Ltd (544-7-4487)6).
“This clearly shows any transfers for fund into Good Star Ltd accounts was at the instruction of PetroSaudi International CEO and not by 1MDB.
“The third latest letter is a written confirmation by PetroSaudi International that the controversial Good Star Ltd company has always been fully owned by PetroSaudi alone.
“Taken together, the above document trails clearly show that:

* 1MDB has never transferred any money to third party owned accounts other than to the 1MDB-PetroSaudi JV

* Good Star Ltd is and has always been a fully owned PetroSaudi company

* The entire joint-venture was done with the full knowledge and in agreement with the highest levels of the Kingdom of Saudi Arabia leadership.”

Copies of the above three letters can be found at http://thebenchmark1.blogspot.com/2015/06/petrosaudi-1mdb-jv.html?m=1.
In the earlier criticism, CAGM chairman Md Zainal Abidin had reportedly said while CAGM expressed “support for Sarawak Report’s initiative to expose 1MDB’s alleged wrongdoings, he reminded her to practice responsible journalism, adding that it was ‘morally and ethically wrong to hoodwink the Malaysian public in the pretext of fighting for justice and transparency’.”

hahha Abdul Rahim nice Pantun. Jap ni pantun ker apa ni. Heheheh Confius kejap.

hehehhe. Risk Trader that TP 0.15 is so fast la. In one week time or two week maybe can achieve.

dont worry la.I think suma still got chance to go up.

sunztzhe go and read. Then you will know why. The title of the article is one thing and what people understand about the article is another thing.

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Buy this Sanichi ASAP. A week ahead is belong to Sanichi and Etitech.

consistently go up.

How i wish i know the code.I observe since tuesday they start using this code. As if they waiting for something or instruction for next action. Whether it is to push down or to push up.

1,2,3,4,5,6,7,8,9,

clearly they are waiting for something. Those using Maybank Online can see the transaction.

they start the code since tuesday

why they keep playing with the code ? are they waiting for the OPEC Meeting tonight ?

tak habis-habis main kod

Chan giving way for halim to buy the remaining share. Then they will start push the price.

PART 2..
NAJIB ASKS HIS CABINET MEMBERS NOT WITH HIM TO RESIGN

So let us see what they say now. That they do not know what is going on? That they do not know what is happening in 1MDB? That they have not been informed about the affairs of 1MDB? That they do not agree with 1MDB? That they are not with the Prime Minister?

On Friday the Prime Minister gave the entire cabinet a chance to distance themselves from 1MDB and show that they do not support the Prime Minister by resigning. But not a single cabinet member did that, not even Shafie Apdal.

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hahahah then dont stay here la.better go away ...far far away from this counter.

aiyo you heard the rumor also ka. dont put it here la. diam diam sudah.

Halim Saad Whack Mahathir Kaw Kaw....

HALIM: DON’T COMPARE RENONG WITH 1MDB

M. Shanmugan, The Star

SITTING behind a small desk in a large room at the top floor of an office block in Mid Valley, 60-year-old Tan Sri Halim Saad is visibly disturbed when a company that he had once controlled, Renong Bhd, is compared to 1Malaysia Development Bhd (1MDB).

“I am concerned that articles like that (comparing 1MDB’s cash-flow problems to Renong) can affect my business negatively,” he says.

Halim, who is into the oil and gas business via Sumatec Resources Bhd, doesn’t mince his words when he contends that despite repeated explanations, the inaccurate picture of Renong/UEM Bhd continues to be presented.

“I want to correct the facts regarding Renong/UEM. Most of it is already in public domain and available from court documents,” he says.

Halim had headed Renong, which controlled UEM, until June 2001 when it was taken over by Khazanah Nasional Bhd on the grounds that the group had too much debt and posed a systemic risk to the banking system. Halim also had a put option amounting to RM2.3bil owing to the shareholders of UEM in relation to a block of Renong shares.

Before the takeover, Renong went through a restructuring in 1999 under the Corporate Debt Restructuring Committee (CDRC). As part of the restructuring, PLUS Expressways Bhd, which was a subsidiary of UEM then, had issued bonds to the tune of RM8.4bil. PLUS then lent the money to Renong and UEM to settle the creditors.

Halim has refuted allegations of the PLUS bonds creating any systemic risk, as they had been accorded a high rating by Rating Agency Malaysia Bhd.

In 2001, the Government instructed Khazanah to take over UEM, a move that effectively extinguished the put option.

Subsequently, Halim filed a suit against the Government, Khazanah and Tan Sri Nor Mohamed Yakcop, the adviser to Tun Dr Mahathir Mohamad in re-engineering corporate Malaysia after the 1998 Asian financial crisis. Halim is seeking a sum of RM1.6bil that he contends is due to him from the parties, following the takeover of Renong and UEM.

Distancing himself from 1MDB, Halim says it is wrong to compare the asset-rich Government fund that is facing cash-flow problems to Renong.

Halim says he never asked for help or a bailout from the Government, nor was there one.

“Despite what was reported, there never was any bailout. In 1999, the restructuring of Renong and the UEM group was done without any financial assistance from the Government and by the CDRC,” he says.

“I don’t have a copy of 1MDB’s annual report, so I cannot express an opinion on its performance or its financial position. I can only assume you have the accurate facts for you to express yours,” says Halim in response to a story that had appeared last week comparing 1MDB to Renong.

In the story, StarBizWeek had reported that 1MDB had debt obligations of RM40bil to meet in the next nine years, starting with the first payment of a US$975mil short-term loan due in August this year.

In the latest development, 1MDB announced that it had entered into an agreement with its partners from the Middle East that would see the fund receive US$1bil by June 4. This sum should help the fund meet its obligations with regards to the US$975mil loan.

Based on details from 1MDB’s annual reports and estimates from industry sources, it was reported that the fund had to pay RM5bil this year. Its annual interest and payment cost is estimated at RM1.4bil.

1MDB has assets in excess of RM51bil, but it is mostly in the form of land in Kuala Lumpur that cannot generate immediate cash flows. It has three power generation companies, but the bulk of the cash flow goes towards repayment of debts taken to buy the power plants.

In March this year, the Government extended 1MDB a standby credit facility of RM950mil to tide over its cash-flow problems.

StarBizWeek had reported that the situation of 1MDB was similar to Renong, whereby it is facing cash-flow problems due to long-term projects being financed with short-term loans, something that Halim disagrees with.

Halim says Renong had a lot of assets that had been sought after by others, citing companies such as Time Engineering Bhd, Bank of Commerce (now known as the CIMB Group), the Penang Bridge, United Engineers and PLUS.

“Renong had the large piece of land in Johor that was half the size of Kuala Lumpur. That land is now Iskandar Malaysia. It is valuable. Singapore Telecommunications Ltd (SingTel) had offered RM2.1bil for a 20% stake in Time dotCom Bhd (TdC), but I was not allowed to sell,” says Halim.In 2000, SingTel, which is controlled by the Singapore Government, had offered to buy a stake in TdC and its parent company, Time Engineering, a move that would have brought in cash to reduce debts.But the-then Prime Minister, Tun Dr Mahathir, did not allow the sale. Eventually, TdC was listed, with Government funds being told to take up stakes in the listing.

“Government funds came in when TdC

1 MDB and Tun Razak Exchange will lead the boost in construction and property sector.

buy now

Hhahah the best thing is the number of 1MDB looses now shrinking from First accusation of 42 billion now become 14 billion. Hahahah what happen to the rest of 28 billion? The accuser make mistake in calculation? hahahhah this all wayang I also cant understand why people cant see. Heheheh terbaik la RPK.

I mean two months ago we were told 1MDB has lost RM42 billion. I don’t like Najib so I believed that.

Then last month we were told 1MDB lost RM27 billion and I believed that also because, yes, you guessed it, I don’t like Najib.

Now they tell me 1MDB lost RM14 billion. Well, guess what, I also believe that as well.

Okay, maybe in one or two weeks’ time they might say 1MDB lost RM7 billion instead. And I will believe that as well. I will believe anything negative about Najib because I do not like him and I believe anything negative about him.