Sarawak CM: State govt spent RM37b under 11th Malaysia Plan Author: savemalaysia | Publish date: Sat, 16 Nov 2019, 8:58 PM
KUCHING, Nov 16 — Chief Minister Datuk Patinggi Abang Johari Openg today said that the state government has spent RM37.1 billion while the federal government allocated RM20.4 billion for development projects in Sarawak under the five-year 11th Malaysia Plan (11MP).
He said under 12MP, which will start in 2021, the state government will allocate more funds for development, focusing on infrastructures and agriculture.
“Some people thought we will go bankrupt if we spend more funds for development. I can tell you that we will not go bankrupt. Today, we still have our reserve totaling RM32 billion, an increase from the previous year,” he said at the inaugural GPS Convention at the Borneo Convention Centre Kuching (BCCK) here.
He said there are people who claimed that Sarawak would crawl to beg for funds after a change in the federal government following the defeat of the Barisan Nasional (BN) in the 14th general election last year.
“They thought Sarawak would go bankrupt within three years without the financial support from the Pakatan Harapan (PH) federal government.
“But we are not that stupid. We have the funds. This year, we budgeted RM10 billion and another RM10 billion for next year for our development expenditures,” he said.
The chief minister told the 5,000 delegates in attendance that the state government has ways to generate revenue for development funds, including imposing sales tax on oil and gas exports.
“We also have a 25 per cent equity investment in LGP Tiga Plant in Bintulu which gives us about RM2 billion in revenue annually,” he said.
“I can tell you that if Petronas fails to pay us the sales tax, we have other sources of revenue for our development.
“We have the state-owned Development Bank of Sarawak (DBoS) which can help us with the funds.
“We have big reserves deposited in banks in the country. We have taken some of our reserves in these banks and transferred it to DBoS.
“With these funds in DBoS, we will obtain the loans to finance our infrastructures, like bridges and roads,” he said.
Among those present at the convention were leaders from the four GPS component parties, PBB, SUPP, PRS and PDP.
Posted in Next Forum by calvintaneng > Nov 18, 2019 6:36 PM | Report Abuse X
Good
At least Molly Ngui clever to buy and made some money here
So many naysayers wasted so much time & energy trying to talk down Netx to half sen in futile effort
Now let Calvin tells you his experience from REAL LIFE
In years 2007 to 2008 I bought Opcom. After buying 10,000 shares Opcom at
Rm1.00 each for RM10,000 it crashed to my horror all the way to 30 sen
But knowing that Malaysia is in its infancy regarding fiber optic future I bought all the way down till I had a total of 400,000 shares with average price around 40 sen to 45 sen
Then Opcom rebounded to 40 sen, still below my buying price 45 sen (after averaging from 10 lots to 400 lots)
Suddenly one day Opcom jumped from 42 sen to 48 sen above my holding cost of 45 sen. So I got itchy and sold a little at 47 sen to 48 sen (I didn't know why Opcom spiked up)
Next day Opcom announced Rm359 Millions Job award from Telekom
The Board of Directors of Opcom Holdings Berhad ("the Company") wishes to announce that its subsidiary, Opcom Cables Sdn Bhd has on 21st April 2009 received a Letter of Award amounting to RM359 million from Telekom Malaysia Berhad ("Telekom") for the supply, delivery, training and support services of Passive FTTH System to Telekom for a period of two (2) years ("Award").
AT THIS NEWS OF JOB AWARD FROM TELEKOM OPCOM WENT LIMIT UP RIGHT BEFORE MY EYES FROM 48 SEN TO REACH 70 SEN AND THEN PEOPLE STARTED SELLING TO TAKE PROFIT
(SO CALLED EXPERT ADVISE (WRONG) BUY ON RUMOUR AND SELL ON NEWS)
SO I SOLD THE MAJORITY OF MY OPCOM SHARES FROM 70 SEN AS IT WEAKENED DOWN TO 63 SEN
OF COURSE I MADE GOOD MONEY IN OPCOM. BUT I SHOULD HAVE HELD ON FOR OPTIMAL GAIN
THEN OPCOM DECLARED A SPECIAL 22.5 SEN CASH PAYOUT
See
29-Aug-2011 14-Sep-2011 DIVIDEND Special Dividend RM 0.225
AT THE ASTOUNDING NEWS OF 22.5 SEN SPECIAL DIVIDEND OPCOM GONE LIMIT UP THE 2ND TIME TO CROSS RM1.00
SO TAKE CALVIN'S ADVISE
DON'T FOOL AROUND AND PLAY PLAY WITH NFCP FIBERISATION STOCKS LIKE OPCOM, NETX, REDTONE AND ALSO SACOFA (CMSB)
JUST BUY AND HOLD ON TO IT TIGHTLY COME WHAT MAY TILL JOB AWARD & FINAL RESULT OUT THEN ONLY SEE IF YOU WANT TO TAKE PROFIT OR STILL HOLD
MARKET talk has it that Datuk Seri Sulaiman Abdul Rahman Abdul Taib is trying to make his way back onto the board of diversified Cahya Mata Sarawak Bhd (CMS). Sulaiman is one of the sons of Sarawak Yang di-Pertua Negeri Tun Abdul Taib Mahmud, who served as chief minister from 1981 to 2014.
I trust sifu calvin. I follow him in uzma,opcom& maybulk..and i left these stock at 2nd TP given by sifu calvin. Hope CMSB will raise up & then watching show.. Hope CMSB will b my next show. Tq so much sifu calvin.
Tomorrow is the turning point.. fa kaki, ta kaki all will staring to collect cmsb...big green candle with huge volume as a start for this wave of reversal
AFTER TELEKOM RECEIVED RM10.8 BILLIONS CASH INFUSION FROM PH GOVT
THEY ARE CALLING FOR TENDERS NOW (sacofa of cmsb might win jobs)
Date Tender Title Tender Advertisement Tender Summary
26/11/2019 TENDER FOR THE SUPPLY, DELIVERY AND INSTALLATION OF SINGLE-BAND AND MULTI-BAND ANTENNAS FOR eNodeB (eNB) RADIO ACCESS NETWORK (RAN) Eng | BM Key Summary
22/11/2019 REQUEST FOR INFORMATION (RFI) FOR TELEKOM MALAYSIA (TM) NEW RAN AND CORE NETWORK EVOLUTION Eng
21/11/2019 TENDER FOR PROPOSED RENOVATION AND ANCILLARY WORKS AT TM IPK SABAH, KOTA KINABALU, SABAH FOR TELEKOM MALAYSIA BERHAD Eng | BM Key Summary
18/11/2019 ELECTROMAGNETIC FIELD (EMF) SIMULATION REPORT SERVICE FOR WEBE DIGITAL SDN BHD (571389-H) Eng 08/11/2019 REQUEST FOR INFORMATION (RFI) FOR HOME NETWORKING CPE Eng
04/11/2019 REQUEST FOR INFORMATION (RFI) FOR TM ENDPOINT DATA SECURITY AND PRODUCTIVITY MANAGEMENT SYSTEM Eng
01/11/2019 TENDER FOR THE APPOINTMENT OF BROADBAND FIBERISATION (BBF) PARTNER FOR TELEKOM MALAYSIA BERHAD (“TM”) Eng | BM Key Summary
01/11/2019 AMENDMENT TENDER SUMMARY: TENDER FOR SUPPLY, DELIVERY, INSTALLATION, TESTING, COMMISSIONING, WARRANTY AND MAINTENANCE & SUPPORT SERVICES OF SERVERS FOR TELEKOM MALAYSIA BERHAD Eng | BM Key Summary
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....
Cockroach Paul Lee
688 posts
Posted by Cockroach Paul Lee > 2019-11-11 01:10 | Report Abuse
Cahaya matahari...... but share price raining every day lol
So pity so cham