PETALING JAYA: The Pakatan Harapan government made a blunder when it divested Khazanah Nasional Bhd’s stake in high-flying Sea Limited – the parent company of e-commerce giant Shopee, former prime minister Najib Razak said today.
In a Facebook posting, Najib said Malaysia’s sovereign wealth fund invested US$170 million (RM650 million at that time) for a 2.3% stake in Sea Limited in 2016 when BN was in power.
Those shares were then sold in November 2019 for RM612 million, according to a report in The Edge.
“After it was sold by PH, Shopee’s share price increased by several fold and BN’s RM650 million investment would have been worth US$2.9 billion (RM12 billion) today,” said Najib.
“But this did not happen as PH sold the shares in 2019 and the country lost out on almost RM10 billion in profits.
“PH has never explained why it sold the shares, despite Shopee’s value increasing during the period.”
U blame najib lah...if not bcos of 1mdb crisis & the need riase fund to cover the funding...PH do not need to urgently sell the investment mah!
Posted by chinaman > Aug 14, 2021 12:52 PM | Report Abuse
PETALING JAYA: The Pakatan Harapan government made a blunder when it divested Khazanah Nasional Bhd’s stake in high-flying Sea Limited – the parent company of e-commerce giant Shopee, former prime minister Najib Razak said today.
In a Facebook posting, Najib said Malaysia’s sovereign wealth fund invested US$170 million (RM650 million at that time) for a 2.3% stake in Sea Limited in 2016 when BN was in power.
Those shares were then sold in November 2019 for RM612 million, according to a report in The Edge.
“After it was sold by PH, Shopee’s share price increased by several fold and BN’s RM650 million investment would have been worth US$2.9 billion (RM12 billion) today,” said Najib.
“But this did not happen as PH sold the shares in 2019 and the country lost out on almost RM10 billion in profits.
“PH has never explained why it sold the shares, despite Shopee’s value increasing during the period.”
KUALA LUMPUR, Aug 13 — Prime Minister Tan Sri Muhyiddin Yassin said he will table two Bills in Parliament should the government manage to get more than two-thirds bipartisan support from the Dewan Rakyat and Dewan Negara.
The two Bills — the Constitutional Amendment Bill which will introduce a two-term limit for a prime minister, and the Anti-Party Hopping Bill — will be tabled in Parliament, he said in a special televised address today.
Our Pak Din shall become our greatest PM if he can turn the 2 bills into laws !!!
Can considers PN suggestions for the sake of the nation :-
1) Umno and also old man would not like Anwar to be PM. So back to square 1, there would not be anyone holding majority seats. 2) Those eager to remove MU mostly wanted to evade their C case. 3) AI - beware of old man behind, he is not easy one (mastermind). Don't let others to use you as a stepping stone.
If really they can't come out with an agreed PM, there would be chaos for the nations and sufferings for the rakyats.
Furthermore, MU promise to enact (if more than 2/3 majority) anti-hopping law which is good for the nation and we are not afraid MU would not kept his promises as GE15 will throw him out. Obviously, you can seen the party most rejected is from PJ which have had de-constitution during their founder's regime. Anti hopping law is good for the rakyat and so let you to elaborate on their intentions.
typical singporean kia si, kia su, kia bor mindset. many what if old man made right bold decision this time? quote old man life phylosopy Success-has-many-fathers-but-failure-is-an-orphan.....means he will support any winner., practical dyanmic old fox. many things we can learn from old man. wakaka
While i agree with Tony Pua, i disagree to keep Mohiden as PM! But all lawmakers from all side must sit down and draw out what is best for rakyat and nation! So yeah, let there be unity government for the next 10 months! PM must be neutral and not from Harapan or Perikatan! So i propose myself as PM! 2nd, during this 10 months, mass vaccination will be the No.1 priority! It's compulsory to all malaysians! Once we achieve 100%, let there be GE15! 3rd, during this 10 months, close the borders! Kick out all illegal migrants! Close down factories that does not employ more than half malaysians! Allow fully vaccinated to travel with condition, they must get tested! No need for quarantine! Did i say, PM must be neutral! Yeah, i think i am the only one who is qualify at the moment!
Chinaman! I think the Lims made so much damage on mega projects! The biggest one is HSR! I mean, they should have proceed with it! Without HSR, ECRL is not that effective!
Let's make a bold gamble for nation's long term benefit. I'm sure old fox will patch up with his enemy anwar for nations' greater good. beyond everyone's expectation. many times he always made a surprise, thus why still have so many admirers tlll now. Kali inilah. AZ is a powerful vaccine combo ma...anwar + zahid
Chinaman! You know what they say about repeating the same mistake expecting different outcome! Mahathir is Mahathir! You can't get good milk from dead cow!
Anyway, i don't know what Assmin and his cartel will do once Perikatan walks out from Putrajaya! I mean, he is totally bet on Mohiden! But you know i know who is the losing horse!
I doubt Agong will want to wait until September! I am sure Agong will call Mohiden again soon! Agong has been pressing Mohiden to resign like 4 times already!
Like it or not, Dap is holding the kingmaker card now! Dap has the biggest lawmakers in any party! Which is quite surprising considering on assesment, Dap should only win around 28 seats! But i think it's was because urban malays voted for Dap back then since they use PKR symbol!
You know fox are actually very cute animal! They are super loving if you keep them as pet! The only nasty thing about keeping fox is that, you can't keep them inside your house! They pee all over the the smell is like 10000 times smelly than corpse! As for Mahathir, this old fox is far worst! They say you can friend enemy of your enemy but never work with enemy of everybodies enemy like Mahathir!
For sure KLCI would spike if the said 2 laws are enacted but unfortunately most politicians are rather selfish to their ends without caring the benefits of the citizens. I would foresee if MY being toppled, there would be power scramble for PM in the near term and this would cause a political instability and loss to the economics.
You all think thrice or more times because Even 100% Parliament approved law for 18 years youth to vote before PM MU came to power, Mu PN after obtaining power also dragging feet to allowing 18 years old to register to vote. Who can believe Mu PN pakar U turn. You all still can believe Mu PN is the same as you all still believe Tun M promised of hand over PM post to DSAI after 2 years lah. Sad, kena conned by Mu PN and conned by Tun M also never learn.
ahbah PM ... onli 2 terms
No hopping from party to another party
If the above are passed into law, our mkt can go up above 2000 pt klci ?
During P N times, we see a lot of Durian Rm30 being sold or position in gov post being offered. This kind of culture we rakyat want gov to promote kah? Malaysian is famous for cheap durian Rm30 being sold in Shoppee.
You all think thrice or more times because Even 100% Parliament approved law for 18 years youth to vote before PM MU came to power, Mu PN after obtaining power also dragging feet to allowing 18 years old to register to vote. Who can believe Mu PN pakar U turn. You all still can believe Mu PN is the same as you all still believe Tun M promised of hand over PM post to DSAI after 2 years lah. Sad, kena conned by Mu PN and conned by Tun M also never learn.
This is just one of the many examples of Very Good PN practices.
PN is the best for offering goodies to all oppositions Mp now? Wah very panlai.
Between 2009 and 2018, the total net outflow of FDI was more than USD20 Billions. Malaysia's National Debt went from RM376 Billions in 2009 to RM864 Billions in 2019.
Sure you want Ah Jeep?
You wish the country's rating to drop to CCC?
Or you just want to watch reruns of C4, cement drum and cold blooded murders?
u are dreaming....Agong say no politician will listen,they will twist his words and confuse his message
Agong now only reaalised he is so powerless and being used HAHHA.he thought he can trust the MAN he put on power turns out he know nothing.YES he can push for it but still they can delay it and disregaard his request
Sir PSAi3alert, the facts you show are undisputed facts. I salute you for enlightening us.
PSAi3alert Between 2009 and 2018, the total net outflow of FDI was more than USD20 Billions. Malaysia's National Debt went from RM376 Billions in 2009 to RM864 Billions in 2019.
Sure you want Ah Jeep?
You wish the country's rating to drop to CCC?
Or you just want to watch reruns of C4, cement drum and cold blooded murders?
Sir PSAi3alert, the facts you show are undisputed facts. I salute you for enlightening us. Not to mention our Rm devalued twice... once in1997 and another time under Jeep car powerful dominance.
ahbah, your money earned in Bursa also no use because of twice Rm devaluation. Go to Google Rm Vs Usd?
PSAi3alert >>Between 2009 and 2018, the total net outflow of FDI was more than USD20 Billions. Malaysia's National Debt went from RM376 Billions in 2009 to RM864 Billions in 2019.
Sure you want Ah Jeep?
You wish the country's rating to drop to CCC?
Or you just want to watch reruns of C4, cement drum and cold blooded murders?
The outcome according to my Uncle, will astonished everyone in Malaysia. It’s between 2 people only actually vying for PM post. The problem is can one of them trust the other one? One of them have to relent to allow another one to become PM. This prediction is according to my Uncle sixth sense. Sorry can’t reveal the two names above. Stay tune.
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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....
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Posted by stockraider > 2021-08-14 12:35 | Report Abuse
Tony rumah & kebun already got alot of musangking durian bcos he is already very rich mah, no need take durian from others lah!
Lu tau boh ?
Posted by chinaman > Aug 14, 2021 12:33 PM | Report Abuse
yalah betui. dapat durian musang ma. ada beberapa ekor kera dapig selangor, sapa??? sapa makan cili rasa pedas. wakaka