Blockchain

Image result for images of mahathir, mokhzani and daim

With the help of a Thai Facilitator from PTT Public Company Limited, Mokhzani Mahathir has put out US$100 million personal saving to start Blockchain in Malaysia. I wonder when Mokhzani started saving………  
The aim of Blockchain is to replace Malaysian Ringgit within 48 months.  But due to the increase demand for Anwar to be MP by this year, the date for change has shorten to before the end of 2019.
It is Mahathir’s and Daim’s dream to have full control of our money without foreign interference and have permanent ownership of this country.
First, billions have been laundered out by Najib and his people.
Second, the old ringgit taken out during Mahathir’s first era cannot be brought back.
Third, to print new notes we need to show our reserve.
Fourth, friendly parties within PH can be controlled, since fund must go through Blockchain and Daim’s banks.
Fifth, Sultan and Agong are at the mercy of Mokhzani and Daim who decides how much value their points will be.  Sultans can be threatened to abolish themselves.
Sixth, Malaysia will be the first in SEA to be a Cryptocurrency Nation.
So cryptocurrency is the answer.
Since Mahathir is now the Prime Minister and Mokhzani owns Blockchain, Heaven just granted Mahathir’s wish.
Mahathir, Daim and Genting Group are negotiating with Japan to open a Casino and in return gets Cryptocurrency Credit.
Mahathir, Daim and Robert Kuok are negotiating with China to do business in Cryptocurrency.
Mahathir and Daim are negotiating to borrow from Brunei in Cryptocurrency.
Mahathir and Daim are negotiating with Thailand and Indonesia to trade in Cryptocurrency.
Mahathir and Daim are now negotiating with BN MPs, Sarawak, Sabah and Amanah MPs to go into Block Chain while Azmin Ali has already got more than 800 PKR members involved.
Meanwhile MBI, Luno etc are forced to take up Blockchain’s offer to share their business, otherwise money confiscated will not be given back and worse they will be shut down for good.
All banks will be told to consolidate to favour Daim’s bank. Meanwhile Robert Kuok is training Daim’s second son to take over the banking in Malaysia.
In return for being a Cryptocurrency puppy to Mahathir and Daim, Azmin Ali is make the Economic Minister and Prime Minister in waiting.
LGE is just an arse hole Finance Minister whose job is to check the balance of accounts in Putrajaya.
Once Anwar becomes an MP, he and Kak Wan will be purge as they will be a big threat to Mahathir and Daim becoming sole ownership of Malaysia and our money forever.
But……………..there is always a but…………..BIS must give permission for Malaysia to use Cryptocurrency. 
SO WHO DO YOU THINK MAHATHIR AND DAIM WILL SEEK HELP?…………THE JEWS.
Image result for images of mahathir, mokhzani and daimImage result for images of BIS switzerland

Can We Have Updates On Turkish Investments Please


Turkey is resembling Thailand back in 1998, only much worse. Have a look at the Turkey lira against USD. I took a 5-year chart because Malaysia has invested in a few big assets there.

  Khazanah has some exposure there, and wanted to sell their holdings back in February 2018. What’s the update? Did Khazanah hedge their investments? How did the demise of the Turkish lira affect the investments over the past 5 years?

 https://www.bloomberg.com/news/articles/2018-02-14/malaysian-wealth-fund-is-said-in-talks-to-sell-turkish-insurer

Avicennia, the insurance holding unit of Kuala Lumpur-based Khazanah, bought 90 percent of Acibadem Sigorta for $252 million in 2013 from founder Mehmet Ali Aydinlar and Abraaj Capital Ltd. It bought the remainder after the company stopped trading its shares on Borsa Istanbul.
In 2012, the sovereign wealth fund’s IHH Healthcare Bhd. arm bought 75 percent of Acibadem Saglik Yatirimlari Holding AS, which was also founded by Aydinlar. The deal for Acibadem Saglik, then Turkey’s largest hospital chain, valued the business at $1.68 billion.

Next, MAHB:

Bloomberg  on Friday reported that Turkish Airlines was bidding to buy an 80% stake in Istanbul Sabiha Gokcen International Airport (ISGA) in Turkey, which is wholly-owned by MAHB. The report, citing people with knowledge of the matter, said Turkish Airlines offered 750 million euros for the stake.

Malaysia Airports was part of a consortium that won a 1.9 billion euro contract to operate the airport in 2007. In 2013, it agreed to raise its holding in ISG to 60% by acquiring a 40% stake held by Indian partner GMR Infrastructure Ltd for 225 million euros.It bought the remaining 40% from Turkey’s Limak Holding in 2014 for 285 million euros.
What was the holding cost? What were the losses or profits suffered thus far? Were there any efforts to hedge the position over the past 5 years? How did the demise of the Turkish lira affect the investments over the past 5 years?

Mahathir to replace Malaysian Ringgit to Mokhzani Cryptocurrency

In everything we do and plan, God decides in the end.

There is desire, there is greed.
There is passion, there is poison.
Modern slavery comes in many form.
People should welcome new beginning with alert mind and question.
When Educated fools become slave, there is no return.
In 48 months Mahathir and Daim will show their true form.
Are Malaysians going to swallow this and keep quiet or will the people rise again to stop modern slavery?
THIS TIME EVEN ROYALTY WILL LOSE THEIR POSITION, WHICH IS THE WISH OF THE PEOPLE BUT AT THE SAME TIME MAKING OURSELVES SLAVES TO MAHATHIR AND DAIM’S FAMILY FOR THE NEXT 9 GENERATIONS.
The story coming will reveal the planning and loan from Japan.

Best Cheesecake Ever – Jaslyn Cakes



Not a sweets person really but I think I just tasted (or devoured more like it) the best cheesecake ever in my life… baked or otherwise … ever!

 You know how something is so good that you had to share it to everybody you know immediately. This is it. 

 Plus I have had lots of cheesecakes… very good ones in Sydney, Melbourne, NYC, HK … 

 After posting it on FB, friends commented about other stuff that Jaslyn has that are to die for:

 Butter cake
Cookies
The funny thing is I have yet to visit the shop even though its in Telawi. Friends tell me it has opened for over 4 years now, … I told you I am not a sweets person! Lol.

 http://www.jaslyncakes.com

Address:
7A, Jalan Telawi 2,
Bangsar Baru,
59100 Kuala Lumpur
Phone: 
03-2202 2868
Facebook:
Jaslyn Cakes
Email: 
hello@jaslyncakes.com
Opening hours:
Monday: Closed
Tuesday – Friday: 1100 – 1900
Saturday -Sunday: 1100 – 2000

From Yen Credit to Cryptocurrency

Japan Moves Closer To Casinos, But Tantalizing Concept Not In The Cards

Legislators in Japan’s lower house passed an integrated resort (IR) implementation bill on Tuesday, then extended the legislative session to July 22 to enable upper house consideration of this final step toward casino legalization. Casino companies from across the world can scarcely contain their excitement about the world’s last casino frontier beyond the forbidden zone of mainland China. But Japan won’t consider a concept for creating compelling IRs worthy of the world’s third largest economy, one aiming to double visitor arrivals to 60 million and become a global top five tourist destinations.
Official Japan’s approach to IR legalization has been rather schizophrenic. It wants the economic and image boost of IRs, exemplified by Singapore’s iconic Marina Bay Sands, but fears increased problem gambling. Losses on pachinko, a souped-up version of pinball, and pachislot machines, exceeded US$30 billion last year. Pachinko’s association with organized crime and money transfers to North Korea – industry figures dismiss that as ancient history – adds to negative public perception of gaming overall. Surveys find two-thirds of Japanese oppose casino legalization, though antipathy softens with information about IR non-gaming features.
Japan’s IR bill includes several restrictions, including Singapore-style limits on casino size – 3% of total gross floor area – and a 6,000 yen (US$55) entry tax for residents, plus awarding just three IR licenses nationwide in three different areas. Casino companies have declared they’re prepared to spend US$10 billion on IRs in major metropolitan areas such as Tokyo and Osaka.

In effect, each licensee gets a monopoly in its area, and competition for the licenses will be fierce. But once licensed, the IR won’t face competitive pressure to excel. At last month’s Japan Gaming Congress, Morgan Stanley Managing Director in Hong Kong Praveen Choudhary said that without competition within markets, Japan won’t get the spectacular IRs it deserves. He suggested that instead of one US$10 billion IR, allowing three US$3 billion IRs in an area. “You’d get more non-gaming and more variety,” Choudhary said.
“The level of investment and tourism draw would increase significantly if multiple operators would come together on a single large site such as Yumeshima Island in Osaka to form an Osaka Strip or in the Tokyo/Yokohama area, where is it possible on a couple of sites,” Global Market Advisors Director of Government Affairs Brendan Bussmann says. “As opposed to one operator that may be willing to contribute $10 billion to a single IR, if you could bring together multiple operators while still staying within the 3% casino size, you are likely to see a number well north of the $10 billion.”
By Muhammad Cohen
Image result for images of lim goh tong genting logoGENTING NEW SHAREHOLDERS WILL BEGIN CONSTRUCTION OF THEIR NEW CASINO IN JAPAN SOON.

The birth of Malaysia new King Maker

https://news.bitcoin.com/luno-exchange-bank-account-frozen-by-malaysian-tax-officials/
http://www.freemalaysiatoday.com/category/nation/2018/05/30/mbi-group-official-claims-trial-over-issuing-illegal-electronic-money/

JUL 14, 2018

 

By

 

Max Yakubowski

Bank of Thailand Considers Blockchain for Cross-Border Payments, Fraud ReductionBank of Thailand Considers Blockchain for Cross-Border Payments, Fraud ReductionThe Governor of the Bank of Thailand (BoT), said that the bank is considering blockchaintechnology for various applications during a speech at the the Bloomberg ASEAN Business Summit on July 12.

The central bank’s governor Dr. Veerathai Santiprabhob stated that the bank was specifically reviewing blockchain applications for cross-border payments, supply chain financing, and document authentication.
According to Dr. Santiprabhob, using blockchain for cross-border payments would “improve regional financial connectivity and facilitate smoother cross-border financial services.”
The BoT’s Governor also sees blockchain playing an important role in reducing fraud and protecting financial information:
“Adoption of modern technologies like biometrics and blockchains can help safeguard financial information and reduce the number and magnitude of fraudulent activities.”        
Also during his speech Thursday, the BoT governor spoke to the bank’s ongoing development of updated regulations encourage “competition and innovation”:
“The Bank of Thailand is also undergoing regulatory reform to review outdated rules and regulations, to facilitate ease of doing business and ensure that our regulations do not impede competition and innovation and contribute to high costs of financial services.”    
Thailand has recently made two notable moves in regulating cryptocurrencies. As Cointelegraph reported March 30, the country’s Finance Minister revealed a new tax framework for cryptocurrencies. The second move came from the Thai Securities and Exchange Commission (Thai SEC), who stated that new Initial Coin Offering (ICO) regulations will come into effect July 16, as Cointelegraph reported last week.
This is not the BoT governor’s first step towards implementing blockchain-based technologies. As Cointelegraph reported earlier in June, Dr. Santiprabhob spoke of possibly issuing central bank digital currency (CBDC) to improve interbank settlements.

Nor Shamsiah don’t take the fall

http://www.malaysia-today.net/2018/08/08/why-is-bank-negara-hiding-the-fact-it-has-lost-rm66-billion-so-far-propping-up-the-ringgit/
Finally Bank Negara Governor has come out with the truth that US$16.91 billion (RM66 billion) has disappeared, a half truth is as good as the whole truth.
The missing money is not lost in Forex but had gone into certain people private accounts for the biggest takeover of Malaysia IN 48 MONTHS into THE HANDS OF MAHATHIR AND DAIM’S FAMILY whereby there will be no longer Sultans and Agong. Sultan of Johore will be eating shit after this.

EVERYONE WILL BE MAKE TO SERVE JUST TWO FAMILIES IN MALAYSIA.

More to come………………………

Image result for images of mahafiraun mahathir

EPF – Stay The Course





































Do not break the mould or change the wheel if it is not broken. EPF must stay the course and not try to fix what is not broken.

As expected but pleasant news nonetheless, was EPF’s 6.9% declared dividend for 2016. All the more so in the present correction phase for global equities. 

The Comparison With UK & European Pension Funds

In the UK, the average fund ended 2016 up 15.7 per cent. The last time pension funds returned more than 15 per cent was in 2009, when recovery from the 2008 crash saw average growth of 22 per cent.  It represented a 13 percentage point increase on pension fund returns of 2.6 per cent in 2015 and the fifth consecutive year of pension growth, after the 4.6 per cent loss in 2011.

Comparison with UK pension funds is not really fair or comparable as their fund allocation usually are more aggressive, and they may also lack access to local government bonds inherent “structure and returns, and maybe safety”. But I brought this up to show how volatile the returns can be, in the case for UK pension funds. 


The same can be said for the European pension funds. I’d rather see my country’s pension fund making around 5% a year, year in year out, than to see volatility. We need our pension funds to be dependable, not flamboyant.

Look at the returns for EPF below, in particular for 2008/2009 or even 1998/1999. During the former period, we had the subprime financial meltdown. In the latter period, a more relevant Asian financial crisis prevailed, but EPF maintained decent dividends. EPF deserved a lot more credit than what they get from Malaysians in general. It is so difficult to maintain a return of around 5% a year for over 20 years. A lot of it has to do with their objectives, and the structure that they have laid out and the way they executed decisions. Their independence MUST and SHOULD never be compromised (read between the lines). 

 As the size of fund grows, over the last 3 years in particular and onwards – it has gotten more difficult to maintain similar dividends as basically, you are running out of ringgit assets to invests in. Hence their decisions to invest more overseas and even in regional/global private equity are necessary. 

 On that note, it is imperative that “sustainable, proven, stable, sizable” assets such as PLUS should never leave the stable of EPF. Even if the price offered is tremendously attractive, say at a forward PER of 40x, because such a high price will and can only come back to haunt us via higher toll rates.
Kadar Dividen
Tahun
          Peratus             (Simpanan Shariah)
        Peratus            (Simpanan Konvensional)
2017
6.40
6.90
2016
–
5.70
2015
–
6.40
2014
–
6.75
2013
–
6.35
2012
–
6.15
2011
–
6.00
2010
–
5.80
2009
–
5.65
2008
–
4.50
2007
–
5.80
2006
–
5.15
2005
–
5.00
2004
–
4.75
2003
–
4.50
2002
–
4.25
2001
–
5.00
2000
–
6.00
1999
–
6.84
1997 – 1998
–
6.70
1996
–
7.70
1995
–
7.50
1988 – 1994
–
8.00
1983 – 1987
–
8.50
1980 – 1982
–
8.00
1979
–
7.25
1976 – 1978
–
7.00
1974 – 1975
–
6.60
1972 – 1973
–
5.85
1971
–
5.80
1968 – 1970
–
5.75
1965 – 1967
–
5.50
1964
–
5.25
1963
–
5.00
1960 – 1962
–
4.00
1952 – 1959
–
2.50



For a better case study, just go and research and compare the similar HK Fund or the much maligned but steady CPF. Below is the volatile HKMPF returns. We don’t such volatility for a pension fund.















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