Selamat Hari Raya before the big drama begin

AS ALL MUSLIM CELEBRATE A NEW DAWN, THERE ARE LEADERS OUT TO CREATE WAR IN THE COMING DAYS.

MALAYSIA WILL NOT BE SPARE, AS MAHATHIR HAS ALREADY SHARPEN HIS KNIFE ON ANWAR.

MALAYSIANS AND THE WORLD NEED NOT WAIT LONG.

THE NEW MACC CHIEF HAS GIVEN HER PROMISE TO ATTACK WITHIN 3 MONTHS.

THE FIRST VICTIM WILL BE LIM GUAN ENG, FOLLOW BY CM OF PENANG, MAT SABU AND KHALID SAMAD BEFORE THE AXE FALLS ON ANWAR IBRAHIM.

MEANWHILE AT AZMIN’S CAMP THERE WILL BE BIG CELEBRATION STARTING TOMORROW TILL THE DOWNFALL OF ANWAR.

WHEN A SECOND CHANCE IS GIVEN, A TRAITOR WILL NEVER CHANGE.

Not Listening to the Rakyat is the root problem for B40

Fear of failure holds back B40 in business, says minister

JASIN: Lack of confidence in their own capability is among the reasons that those in the low-income (B40) group are reluctant to become entrepreneurs, said Entrepreneur Development Minister Redzuan Yusof.

They were often worried of failure to compete with other entrepreneurs in the market during the early stage of business, he said.

“We (the ministry) are always encouraging the Malays, especially those from the B40 group, to muster the courage to come forward and be creative, providing them with both opportunities and space to help them kick-start their business.

“But today, I see that most of them come only seeking money although the ministry has opened up many avenues for starting a business,” he told reporters after the Ihya’ Ramadan ceremony at a mosque here tonight.

Redzuan, who is also the Alor Gajah MP, said apart from lacking self-confidence, the B40 group was also seen as being less informed on available ways to start a business.

In addition to the B40 group, he also urged the youths to be brave in submitting proposals to the ministry that would create opportunities for them to engage in entrepreneurship.

The government, he said, remained committed to finding ways to ensure the group was not marginalised and left behind in terms of income, in line with the goal of developing an entrepreneurial nation.

********************************************************

I write, I talk but how many people listen.

Unisel bad management, I write and talk for years then on the third year someone listen.

TNB crazy billing to reach their pre targeted profit, I write and talk for years then on the ninth year someone listen.

Free buses, I write and talk for years then on the fifth year someone listen.

Free water, I write and talk for years then on the eighth year someone listen.

Free food collection programme, I write and talk for years then on the seventh year someone listen.

So now who will listen to the following:-

Green school incorporation with Senior Citizen to development the mind, away from race and religion.

Planting of suitable trees for flood mitigation.

Proper housing for Alzheimer.

RM3 cafe for the poor.

Community Center for B40 and Senior Citizen.

Free bus and lrt pass for all Senior Citizen till they die.

Free Clean drinking water for East Coast and poor.

Free electricity for it people.

Solutions for abandoned cars and motorbikes.

Solutions for old and unused buses and lorries.

Housing solutions for those earning below RM5000.

Solutions for abandoned babies.

PH Government has the money from the return of 1MDB from USA over RM800 million.

PH Government has the money from the return of 1MDB from Singapore over RM100 million.

PH Government has the money from the donation of big corporation over RM500 million.

PH Government has the money and assets confiscated from Najib, Rosmah, Zahid etc amounting to over RM2 billion.

Mahathir brought back over RM2 billion dirty money to clean which he stole when he was the 4th Prime Minister. So if he wants to, he can donate it back to society as a penance for his sins.

With over RM5 billion confiscated and more to come, a capable and concern Prime Minister can do wonderful things for the Rakyat especially those in B40.

So when a bloody fool like Redzuan open his mouth, there is nothing good. It is the art of LISTENING THAT ALL PH MINISTERS FAILED TO DO.

REDZUAN YOU ARE A FUCKING BASTARD WHO SHOULD BE SHOT DEAD. LET ME TELL YOU THIS.

POOR PEOPLE GOT NOTHING TO LOSE BUT LOTS TO GAIN IF GIVEN THE RIGHT OPPORTUNITY. MOST TIME PEOPLE LIKE YOU USE THE POOR FOR SELF GAIN.

HERE ARE SOME EXAMPLES:

EVERY MONTH THE POOR GO TO COLLECT THEIR DUE WHICH IS AROUND RM250. INSTEAD THEY ARE FORCED TO BUY PRODUCTS THAT ARE OF NO USE TO THEM AT RM100. THAT LEAVE THE POOR ONLY RM150 TO PAY FOR THEIR TRANSPORT, RENT, ELECTRICITY, WATER AND FOOD. IS IT ENOUGH? THIS HAS BEEN GOING ON FOR THE PAST 20 YEARS.

RAFIDAH AZIZ A MILLIONAIRE BUT HER CHILDREN WERE GIVEN MONEY FROM MARA AND PTPTN TO STUDY OVERSEAS. SHE WAS NOT THE ONLY MINISTER THEN BUT ALL THE MALAY MINISTERS AND SENIOR CIVIL SERVANTS DID THE SAME. NONE OF THEM BOTHERED TO REPAY THE LOAN. DO A PROPER INVESTIGATION AND REVEAL THE TRUTH. THE AMOUNT IS OVER 6 BILLION DUE.

ALL OKU ARE ENTITLED TO RM250 MONTHLY BUT ONLY 30% RECEIVE THEIR DUE. THE AUTHORITIES SIPHONED OFF THE MONEY.

BAITULMAL WAS SET UP TO HELP THE POOR BUT THE OFFICERS THERE ENRICH THEMSELVES INSTEAD. LOOK AT THE CARS THEY ARE DRIVING. DO THEY REALLY NEED FOUR WHEEL DRIVE? YOU MEAN THEY CANNOT USE MYVI.

ZAKAT COLLECTION WAS MEANT FOR THE POOR BUT SULTANS AND CERTAIN OFFICERS MISUSED IT.

MALAYSIA AUTHORITIES COLLECT TAXES FROM NON MUSLIM AND NON MALAY TO UPKEEP THE MALAY AND MUSLIM. MAJORITY OF MALAY/MUSLIM DO NOT PAY TAXES AND EVEN IF THEY DO, THEY ONLY PAY 30% OF IT. HAS THE AUTHORITIES DARE TO CHECK ON NAZA, PLUS, PETRONAS AND DAIM’S COMPANIES.

MARA DIRTY DEAL FOR LOANS IS WELL KNOWN. INSTEAD OF GIVING MONEY, MARA INSIST ON GIVING DINOSAUR MACHINES THAT ARE NO LONGER IN THE MARKET. SO THE RECEIVERS ARE ON THE LOSING END.

SHOES AND UNIFORM FOR ARMED FORCES ARE OF POOR QUALITY. MANY SOLDIERS LOST THEIR TOES DUES TO LEAKAGE IN THEIR BOOTS FROM TRAINING AND DOING THEIR DUTIES IN THE JUNGLES. EVERYONE KNEW BUT NO ONE CARES.

IN HOSPITALS AND CLINIC, STAFF ARE GIVEN JUST ONE TASK TO DO AND THAT IS EVEN ABUSE BY THEM. CHILDREN BELOW 12 YEARS AND SENIOR CITIZENS SHOULD BE GIVEN PRIORITY INSTEAD HAVE TO WAIT FOR HOURS. THE LONGEST I HAVE WAITED IS 6 HOURS BECAUSE THE STAFF WERE BUSY FLIRTING WITH EACH OTHER.

LOOK AT BRICKFIELDS, MOST OF THE BLIND STAY AND WORK THERE. THE WHOLE PLACE HAS CHANGED FROM A FRIENDLY USAGE TO UNTHINKABLE USE. DID ANYONE BOTHER TO DO A PROPER STUDY ON WAYS TO WHICH THE BLIND ARE NOT ROBBED, ASSAULTED, HIT BY VEHICLES, MAKE TO WALK ON HIGH PAVEMENTS WHILE THE CORRIDORS AND ROADS ARE LOWER (UP AND DOWN WITH THE STICK AS GUIDE), CARS PARKED EVERYWHERE WHILE DRIVERS AND MOTORISTS DO NOT BOTHER TO STOP AT RED LIGHTS. EVERYDAY AT LEAST 3 BLIND PEOPLE ARE HIT BY THESE HOOLIGANS ON THE ROAD.

GOVERNMENT HAS NEGLECTED THE RAKYAT FOR OVER 62 YEARS, MAKING PEOPLE HOMELESS, DRUG ADDICTS, VIOLENT, STUPID AND NON PRODUCTIVE. AUTHORITIES COME OUT WITH PROGRAM TO BOOST THEIR EGO AND MAKE MONEY FOR THEMSELVES. ALL THE PROBLEMS, ABUSES AND VIOLENCE ARE CAUSED BY SELFISH POLITICIANS WHO DO NOT LISTEN AND WORSHIP MONEY.

BARISAN NASIONAL GOVERNMENT THEN AND PH GOVERNMENT NOW ARE NO DIFFERENCE. THEIR PRIORITY IS TO ENRICH THEIR FAMILY MEMBERS AND THEMSELVES TO BE MILLIONAIRE OR BILLIONAIRES USING US THE RAKYAT WITH THEIR BROKEN PROMISES AND ACTION.

NO ONE CARES.
EVERYDAY THE GOVERNMENT ENRICH THEMSELVES BY PUSHING THE RAKYAT BACK A STEP.
BY 2020 MOST MALAYSIANS CAN CLASSIFY THEMSELVES AS B40.

PEOPLE LIKE REDZUAN HAS NEVER LISTEN TO THE RAKYAT.
PEOPLE LIKE REDZUAN SEE MONEY AND EGO AS THEIR PRIORITY.
KULIM AIRPORT, 2ND OR 3RD NATIONAL CAR, FLYING CAR, F1, CROOKED BRIDGES, BLACK SHOES, HOTEL SWIMMING POOL, BUYING OLD JETS FROM KUWAIT, ETC ARE NOT GOING TO DEVELOP THE NATION INSTEAD THEY ARE A BURDEN TO THE RAKYAT FOR A VERY, VERY LONG TIME TO COME.

MAHATHIR, DAIM, MASZLEE, RANI, AZMIN, ZURAIDA, REDZUAN, MB SELANGOR AND THAT STUPID HEALTH MINISTER DZULKEFLY ARE WORSHIPERS TO MONEY AND EGO, SO NEVER BELIEVE OR TRUST THEM FOR THEY TAKE US TO HELL.

MALAYSIA IS DOOMED.

Ekovest WB and The Market Outlook

Why Such A Big Discount For Ekovest-WB

It will be expiring within a month as shown in the circular. 25 June 2019 to be exact. However, the warrant is trading at a 3-4 sen discount, which is hefty considering there is still the leverage effect. Some might say that there is a negative sentiment prevailing, hence, the discount. Well, yes and no, there are always arbitragers ~ you buy and convert immediately and then sell, better still if you can borrow Ekovest mother share to sell first to lock up the difference for no risk return.

There is usually a few days to one week lag between the conversion and actual crediting of shares. Mind you, the last trading day for the warrants is 7 June and not 25 June. Even so, the discount is a bit much.

Herein lies the difference between beginners and old hands. The savvy ones would know all the prior announcements and would know that there is a 10% share placement underway. The thing is, we do not know when the placement will be done. Once it goes ex-placement there will be a 10% downward adjustment in the share price.

Looking at that scenario, buying the warrants now to convert would be of high risk as you may fall in between the placement and the time you actually receive your shares. The only buyers of the warrant should be those who can/have borrowed the mother shares to sell to lock up the difference. Otherwise, it is highly risky on the downside.

Market Outlook

It looks increasingly likely that the trade war dispute won’t end anytime soon. The impetuous bravado by Trump means that he of small brain and hands will not back down soon. However, China has an upper hand in that Beijing does not have an election within 18 months. Already the farmers and the Midwestern belt of support has started to wane considerably. Soy beans plus rare earth (and potential banning of IPhone sales in China) most certainly would put a lot more pressure on Trump.

Their next meeting is the end of June. Until then, there is not much point to trade the local markets. However, one can easily consider corporate exercises of good companies, which to a large extent have a life of its own: cement mergers; Supercomnet bonus exercise; AirAsia special dividend; and ECRL plays buy on weakness.

The danger is not how long the trade war will pan out. The danger is major markets seem to be still not discounting sufficiently for the possibility of a protracted trade war. Just look at VIX indicator, a major risk and volatility indicator that did not show much volatility over the past few weeks – and that is worrying.

Nobody in the world is interested in Malaysia Bloody Flying Car

I am just fed up of PH Ministers especially those from Pribumi.
In the name of God, I wish someone will kidnap or abduct those bloody fools.
Everyday at least one stupid Pribumi Minister will open his bloody mouth to talk cock.
I believe there is a competition among Pribumi Ministers to outshine each other in being a fool.

2 days ago Gombak LRT carpark collapsed.

This kind of accident is happening too often because our past and present Leaders are corrupted.
Malaysia has gone down the drain since getting rid of Najib and the gang of corrupted fools in UMNO. It is not that UMNO did a better job then but because the present newbies are busy with their side income and being somebody important now that they forget they are supposed to work and care for the Rakyat. Most of PH Ministers are not only stuck up and arrogant but are useless in their portfolio.

So what if a couple died in the recent accident, who cares. Not the Malays nor Malaysians because it is some foreigners who came to work in Malaysia. Any Minister or Sultan make a sound?

As long as the Malays are running Malaysia there is no hope for the development of this nation.
This is the truth and our future generation will become slaves, prostitutes, pimps, gigolos, labourers and maid.

6000 Malaysians have applied to work as labourers in Japan.
1000 Malaysians have gone to Saudi to work as maids.
10,000 Malaysians have gone to work illegally in Restaurants and Farms in USA, London, Europe and Australia.
1,000 Malaysians have gone to work as prostitutes in Korea.
I believe next year 1,000 Malays are going to Indonesia to work as labourers and maid.

The Economy is going doing the drain, yet our Leaders are talking about building new Airport, manufacturing the next National Car, giving our money to Palestine, spending unnecessary on a Flying car that cannot fly because of strong connection to Pribumi and UMNO cronies.

Between June and July this year, the first flying car in the world will be getting their road and air licence.
This flying car is from Holland.
The company concern has already accepted 90 orders.
The company had already used up more than US$300 million for R&D.

Now people with money is not going to buy Malaysia So Called Flying car when only RM2 million is spent on R&D.
Malaysia So Called Flying car cannot fly. It is only good in paper and belong to the rubbish bin.
Malaysia is known as the Nation that knows how to waste money and the least professional work done.
Be it in construction, running a University or doing any kind of business, it is always a failure.
https://www.freemalaysiatoday.com/category/nation/2019/05/25/law-will-decide-if-flying-car-can-take-off-says-redzuan/

Take Mahathir’s children as an example, 162 companies under their wings can fail if there is no support and funding from the old man using our money. When Mahathir was the 4th Prime Minister, the sons had 200 companies. The minute Mahathir steps down, all the companies collapsed. Since 10th May 2018, 162 companies were transferred to the sons. How long will these companies last? I can predict these companies will die before the end of 2019.

If as a Malaysian I cannot trust the work of our Leaders in PH Government, do you think the world will want to even smell our Flying Car that will be known as the most expensive toy car for a rich man’s son.

Malaysia will be buying drone against Terrorists this year. Mahathir had given instructions to give the deal to DRB Hicom because Mokhzani Mahathir is the major shareholder. The mark up is above 800% from the actual price. So you see this kind of deal is Mahathir signature mark and Najib and Rosmah perfected it.

Snippets & Commentary

US & China Trade War: No, Trump, you are not winning it. The US$100bn thus far collected, had been largely from American consumers. The backlash in the US has been muted so far as they affected parts of a bigger product and some were absorbed by manufacturers. Any further tariffs will hit Americans more directly, as in final products purchased. The pushback and the looming second term could make Trump pullback on some of his silly “my gun is bigger than yours” mentality.

You’d think that Malaysia would be a natural beneficiary but the stock market has not been showing that at all. Because a trade war could be temporary, and it is difficult to make rash reinvestment decisions based on an escalating trade war. Who knows? A Democrat could defeat Trump next. That’s the troubling stuff, business owners cannot make long term decisions on capital based on short term gyrations. But if the stalemate drags on and Trump wins again, then you can see real capital redeployment.

https://www.cnbc.com/2018/11/08/us-china-trade-war-countries-in-asia-that-will-be-winners-or-losers.html

Air Asia / Mavcom: AirAsia did the right thing to drag Mavcom to court over passenger service charges (PSC) dispute with MAHB. We somehow have TOO MANY regulatory bodies or oversight bodies, overseeing too many things, and not MAKING REAL DECISIONS. Trying to get AirAsia and MAHB to the arbitration table has and will be useless. The wounds and differences between the two have long been there, healing and split open again and again. MAVCOM, do your job. By dragging MAVCOM to court, this will make MAVCOM having to deal and make decisions every time there are disputes from now on. And trust me, there are one hundred and one niggling points of contention between the two ill-fated relatives.

Soh Chee Wen (Blumont, Asiasons, Lion Gold): The proceedings there were just as interesting as Najib’s current trial. The SG authorities had no choice but to act owing to the massive losses suffered by a significant number of the investing public. … Was there a collusion to move share prices higher? Yes. … Was there a strategy to engineer a market collapse? Of course not. If there were, the main players would have jumped to Taiwan or Brazil when it happened, and not in offices in SG waiting to be apprehended. … Did the SGX contribute to the fall by imposing trading restrictions and designations of securities? Yes by virtue of the “fears triggered”, it compounded the fall. … Are Soh and his cohorts being made scapegoats? Well, a bit.. they did something “wrong and painted a fictional landscape for the shares they controlled, and should be penalised for those activities. But it looks like there is a bit of “witch hunt” and “burning of books” undertaken to skewer them for more than they deserve, so as to nullify the anger of the public.

Telenor and Axiata: Obviously a plan drafted by Khazanah, rather than being mooted by Axiata. Could be the fact that Khazanah has been on the backfoot over its dismal performance in recent years, and needed to jazz up its portfolio somewhat. This deal looked to be a lot of trinkets and a bejewelling effort to distract from people asking “so, what are you doing with your portfolio??” The synergies are seeming limited for a merger. Both companies have operations in Malaysia, Thailand, Myanmar, Bangladesh and Pakistan. In countries where Telenor does not have a presence, Axiata also operates in India, Sri Lanka, Nepal, Cambodia and Indonesia. The savings from inter-connectivity is now much reduced with the rise of internet free calls. …Axiata still left dangling with the NCell (Nepal) situation. … Khazanah may benefit doing this by virtue of the valuation gap between Axiata (at 5-6x) vs Maxis at 13x. A merger may value Axiata closer to 10x. Show and tell time.

A Prime Minister’s job is never finish

As a mother, I know my duty is never finish till the day I die.
Even though my 2 girls and a son have abandoned me, they will never know my feeling as a mother.
Others can take over my duty but the care and love differ in many aspect.
So too the duty of the Prime Minister of any nation.
The job can never finish as planned.
Whatever hope and wish can vanish within a second.
Mahathir had used crude method to silence his opponent like Anwar but in the end, things will turn out differently.
As a come back Prime Minister, Mahathir had only succeed in kicking out Najib but still depend on the warlords in UMNO to run the nation and to steal further.
Since May 9 2018 till today more than RM500 billion has left Malaysia.
Investors have all left.
People are no longer stupid and foolish to know the direction Mahathir is taking Malaysia to.
Harapan Fund RM200 million donated by Rakyat has vanished into thin air.
GLC RM500 million donation to the Harapan Fund has vanished into thin air.
Money, Bags, Shoes, Sunglasses, Bra, Panties, Gold Bars and Jewellery confiscated at Pavilion valued at RM1.1 billion is now only RM700 million, RM400 million vanished into thin air.
1 MDB Money returned from USA RM828 million vanished into thin air.
1 MDB Money returned from Singapore RM108 million vanished into thin air.
All the vanished money has disappeared into private pockets.
No bank interest, No sight, No sound, No murmur, No outcry, No protest.

THIS IS THE REASON FOR THE RETURN OF MAHATHIR KUTTY AND DAIM.
EVERYTHING GOES INTO THEIR POCKETS WHILE THE MINISTERS ARE BEEN SILENT WITH POSITION AND PROJECTS.
FUCK PH GOVERNMENT
FUCK MAHATHIR
FUCK DAIM

https://www.malaysiakini.com/news/476041
https://www.thesundaily.my/local/let-mahathir-finish-his-job-before-he-steps-down-rashid-tells-kit-siang-HK862687
https://www.thestar.com.my/news/nation/2019/05/03/us-authorities-to-return-rm828mil-in-1mdb-funds-to-malaysia/
https://www.thestar.com.my/news/nation/2019/05/03/singapore-to-send-money-from-exgoldman-banker-back-to-malaysia/
https://www.nst.com.my/news/crime-courts/2018/06/384569/police-total-value-seized-items-1mdb-probe-around-rm11b

The total items seized from residences related to Datuk Seri Najib Razak in May over a probe into 1Malaysia Development Bhd (1MDB) have been valued at around RM1.1 billion. Pix by Zulfadhli Zulkifli

Inderpan Singh Dhillon a.k.a Indi Dhillon

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Corruption now a thing of the past in Malaysia, says Mahathir.
Image result for IMAGES OF MAHATHIR

KUALA LUMPUR: Corruption in Malaysia has become a thing of the past following the change in government, said Prime Minister Mahathir Mohamad.

In an interview with television station Astro Awani broadcast live on Sunday (Oct 21), he said people no longer talked about having to pay bribes when dealing with government officials.

“We don’t hear about corruption anymore. People can deal with the government without having to pay bribes.

“And if we go abroad, no one asks us what’s going on in our country anymore. This is because when we replaced the (previous) government we also curbed corruption,” he said.

Dr Mahathir won the country’s general election in May on promises of fighting corruption and reforming institutions. He has blamed the previous administration of Najib Razak for taking the country into heavy debt, including that of the 1Malaysia Development Berhad (1MDB) state fund, which is the subject of corruption and money laundering investigations in Malaysia and other countries.

Dr Mahathir said in the interview that the government’s efforts at combating corruption have been successful.

“Corruption is almost no more as there is a fear of the law. This is a major success …. we don’t get government officers looking to make profits through corruption.”

He said the government’s administrative machinery was now free from officials who were found to have failed to perform the tasks entrusted upon them, and instead, reaped profits for themselves.

“We’ve got rid of these people and if we find that there are criminal elements then action will be taken against them,” he said.

He noted that the government needed to ensure that strong evidence was obtained before bringing any corruption case involving politicians or non-politicians to court.

“If we want to prosecute everybody all at once, it won’t be possible, because each case must be investigated so that we have clear evidence that the court can accept. That’s why we focus on the (important) cases first and the rest will follow when we get enough information and evidence.”

Source: Bernama/CNA/ic(cy)

Agreement or MOU is legal?

MAHATHIR AND DAIM ARE SCREWING MALAYSIANS DAILY, YET THE CLEVER FOOLS SITTING IN THE CABINET ARE KEEPING QUIET.

SO WHAT IS THE DIFFERENCE BETWEEN UMNO ERA AND PH GOVERNMENT NOW?

ARROGANT CROOKS WITH A LITTLE BIT OF EDUCATION ARE SCREWING MALAYSIANS.

GUESS ALL THE LOUDSPEAKERS ARE BEING BOUGHT OVER WITH POSITIONS, PROJECTS AND MONEY.

CALLING AMBIGA, CALLING BERSIH, CALLING TUKAR TUIB.

ANYONE OUT THERE???????????????????????????

Drama Minggu Ini – Seacera

Points To Consider:

– Net current assets of Seacera was RM838m, largely backed by its 501 acres of land in Semenyih.
– Current management and CEO proposed to do a jv on that land with Duta Skyline (OCR)
– Datuk William Tan is the single largest shareholder with a 16.4% block and has pledged to inject RM30m into the company to resolve the company’s cash flow. Tan basically was against the jv.
– Seacera just defaulted on an RM25,451 payment for its Ambank Islamic loan, putting it into PN17.
– Tan also mentioned that if he manages to take over the company he will declare a 10 sen special dividend after minor asset sales.

Commentary:

– Obviously Tan has other plans to develop the 501 acres, apparently with strong China involvement (Country Garden). So who is to say which jv is better? The CEO has the right to call the shots here.
– However, the CEO and present management totally ignore their largest shareholder’s pledge to inject RM30m. How to justify the “silly” missed payment of just RM25,451? Cutting the leg to get rid of an itch!!!
– Should the SC step in? In this instance, there appears that there may be a case that the CEO may not have been acting in the company’s best interest. On that note, the board of directors should have a lot to answer as well.
– This is an interesting situation where the shareholdings are splintered and no one really has effective control. What are the rights of the largest shareholder then?

Seacera now a PN17 company

KUALA LUMPUR: Seacera Group Bhd has become an affected listed issuer under Practice Note 17 (PN 17) under the Main Market Listing Requirements of Bursa Malaysia Securities.

It said on Friday that it had triggered the prescribed criteria after it defaulted in the payment of principal and profits to AmBank Islamic Bhd and it was also unable to provide a solvency declaration to Bursa Securities.

Trading in the securities of Seacera was halted at 11.48am on Friday. The tile maker’s share price was flat at 31.5 sen before its request for voluntary suspension.

The tile maker has 12 months to regularise its financial condition. It also has to submit a regularisation plan to the Securities Commission if the plan will result in a significant change in the business direction or policy of the company.

However, Datuk William Tan Wei Lian (Chen Wei Nan), the single largest shareholder of Seacera with a 16.4% stake, pledged to inject RM30mil, or more into the company to resolve its cash flow and credit liability, if need be.

The company had attracted interest following Tan’s move to call for an EGM to remove several directors.

In the latest development, Seacera announced that its application for injunction in respect of the notice of EGM issued by Tan and three others was heard on Thursday before the High Court judge.

Seacera had withdrawn the application on the undertaking provided by Tan and three others that “they will not jointly or severally issue any fresh notice of EGM until and unless they are members of at least 10% of the company”.

Apart from that, Tan and three others had also withdrawn the notice of EGM dated April 15, which the company reserves its rights.

Open Letter to Mahathir

With due respect to you, I hereby wish to speak honestly and truthfully what I have seen and observed, prior to, and since GE14.

First and foremost, I am a believer in fair play – righteousness, truth and justice. I had high hopes in Pakatan Harapan and in you being made the prime minister after the historic victory on May 9, 2018.

I believe all Harapan supporters wanted you to clean up the mess you created in the person called Najib Abdul Razak. You were the right man for that job. However, there are many things that you have done, that are not what we voted for.

We did not vote Harapan for you to sing and dance to Umno and PAS’ tunes as could be seen in your U-turning on the signing of Icerd and the Rome Statute. We did not vote Harapan for you to fortify Bersatu by welcoming Umno “frogs” and “toads” into Bersatu.

We did not vote Harapan for Bersatu to infiltrate Sarawak and Sabah. We did not vote Harapan for you to appoint incompetent greenhorns from Bersatu to key portfolios and to saturate the cabinet with them.

The fact that Bersatu won only 13 seats (the lowest percentage) at GE14 is a testament that the Almighty did not want to give you or Bersatu more power than necessary.

Since Bersatu only achieved the lowest percentage of seats won at GE14, it is therefore against fair ethics when Bersatu started to welcome Umno “frogs” and “toads”.

Instead, an anti-hopping law should have been put in place and firmly enacted to show that Harapan is serious about abiding by good, fair and sound standards and ethics!

We never voted Harapan for you to venture into another national car project. We did not vote Harapan for you to continue Najib’s and Ahmad Zahid Hamidi’s legacy of harbouring Zakir Naik (and granting him VVIP immunity), a fugitive wanted by India on alleged terror-related and money-laundering activities.

We also did not vote Harapan for you to ban the Paralympic swimmers from taking part in the Paralympic swimming meet scheduled to be held in Kuching (Sarawak). Your banning them has resulted in Sarawak losing millions in revenue.

We did not vote Harapan for you to reinforce a race-based agenda. We wanted you and Harapan to save Malaysia. You and Harapan pledged to save Malaysia but you and Harapan are doing the exact opposite of your GE14 manifesto.

We wanted Harapan and you to keep your promises to all Malaysians (not just to the some Malaysians of a certain race. Must Harapan put some Malaysians on a higher pedestal than other Malaysians?

We did not ask you or Harapan to champion that, did we? It is the Malaysian agenda please, my dear PM and Harapan. Yes, a Malaysian Agenda! That was in your GE14 manifesto.

Then there is your jumping at lightning speed to defend the police against Suhakam’s findings on the “enforced disappearances” of Pastor Raymond Koh and activist Amri Che Mat. How sure are you that the police were not involved in their abductions/disappearances? I won’t be surprised if it is the same with Pastor Hilmy and his wife Ruth.

Justice and truth demand that they are found as soon as possible. And besides these four unfortunate souls, is Harapan doing anything towards getting justice for Altantuya, Teoh Beng Hock, Hussein Najadi, Kevin Morais, etc.?

Regarding Sarawak and Sabah, you and Harapan must work at righting all the wrongs done to the Borneo Partners (not states). As long as Sarawak and Sabah are still regarded as 12th and 13th states, as per the parliamentary bill presented on April 9, 2019, this is incomplete and inaccurate.

Sabah and Sarawak never entered into an agreement with the 11 individual states of Malaya. Therefore a new and more complete/accurate bill must be drafted and presented in Parliament again. Harapan must show genuine commitment, credibility, sincerity and strong political will to right all the wrongs done to Sarawak and Sabah.

Pointing fingers at GPS does not achieve anything fruitful except gaining political mileage, perhaps. MA63 clearly shows Sarawak and Sabah are equal in status to Malaya but why are there so much fewer parliamentary seats allotted to these two partners of MA63?

Another question: If Sarawak and Sabah were equal partners to Malaya, why is it that the PM and his deputy must always be from Malaya only? Did it say so in the original MA63? If it did, then what kind of equal status are we talking about?

By the way, didn’t the exit of Singapore in 1965 nullify MA63? Did Malaysia exist legally after Singapore left? Perhaps the Borneo partners should go for a legitimate referendum.

I am a believer of and an advocate for righteousness, truth, fairness and justice. Righteousness, truth and justice must stand tall together if we truly intend to save Malaysia. Be reminded – we have to give an account to our Maker in due time.

I expect to hear mature and responsible responses from the PM himself and the Harapan partners, especially the leaders in the cabinet. In conclusion, I write this letter not just to the current PM or government (though specifically, yes) but also to every subsequent PM and government-of-the-day.

Thank you.

God bless Malaysia and all Malaysians!

The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini.

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Image result for IMAGES OF TOLL PLAZA IN MALAYSIA

I WOULD LIKE TO ADD THE ABOLISHMENT OF TOLL MUST BE IN TOTAL AND NOT DEDUCTION OF 10% ONLY.

THE OWNERS OF TOLL CONCESSIONAIRES ARE MAHATHIR, DAIM AND SULTAN OF PERAK. AT NO TIME HAS TAXES EVER BEING PAID. SO HOW CAN THAT BE? WHY BILLIONAIRES ARE EXEMPTED FROM TAXES?

AND WHEN WILL PARLIAMENT PASS THE LAW THAT NO ONE PERSON CAN HOLD THE PREMIERSHIP FOR MORE THAN TWO TERMS.