Aiyah Chua you got no standard ma...Nang boti nang. Kui boti kui...
Loan extension shows bank's confidence in1MDB. Really Chua? You can say that with a straight face? Are you a retard? Mentally challenged or just plain stupid? The Malaysian public believe what you said as much as the Americans believed Clinton when he said "I did not have sexual relations with that women".
Barisan Nasional knows the value of a little humor when all else fails but If this Chua is the best they can come up with to bring some comic relief into the 1MDB debacle then we have to laugh not with him but at him!
His approach?
The old tried and tested routine : Wag the Dog...political spin.....tipu...call it what you want.
It would have the same effect of some one declaring to who ever is listening (not many lah!) that Rosmah's contribution to world peace far outweighs her body mass!
Your first reaction upon seeing "World Peace" and "Rosmah" in one sentence is to equate the two together in a positive way. Hmmmm Rosmah is working towards world peace - hooray for her! That is until you come to the latter part of the story...."far outweighs her body mass"..and immedeitly you conjure up a fat lady on one side of the scale and world peace on the other...who wins? The fat lady of course! But at least for a Rosmah desperate for accolades of any sort, that few seconds of being connected to world peace is better than nothing at all.
This Chua guy from Labis is doing the same thing with the 1MDB situation.
What this Chua is telling us is that if you owe the bank money and you go to the bank on Friday and tell them you will not be paying the scheduled repayments due that coming Monday the bank manager will react in this way: Yes sir yes sir...three bags full Sir...shake your hand, pat you on your back and walk you to the door and hold it open until you get in. Then he stands there waving goodbye until you turn the corner!
You and I know that the truth is far from that!
First of all you, the bank manager, his secretary, the office boy and even the guard at the bank entrance knows that you are not paying the scheduled payment on Monday because you do not have the money to do so.
Now if you are doing it for the third time....this is what will happen:
Bank calls in the Mafia to do the negotiation for them because by now the banks know you obviously have no assets the bank can sita.
No point in threatening to downgrade your credit rating because it is already gone South of the border to Mexico.
Posters of you will now be plastered on the walls to alert guards to not allow you into the bank anymore.
Chua is trying to take our attention away from the fact that 1MDB is asking for the third extension of a payment long overdue. He tells us that the Banks trust 1MDB enough to give another extension.
This is another way of saying that 1MDB is too big to fail lah! Of course it is too big to fail because when it fails it drags the banking system down with it. So the banks are wetting their trousers just thinking of what will happen if 1MDB fail. 1MDB has got the banking system by the balls and when you have anyone or anything by their balls you know their hearts and minds will follow!
Remember Clinton trying to deflect the Americans attention on his infamous relationship with Monica Lewinsky by declaring Operations Infinte Reach - ordering missles strikes against suspect terrorists target in Sudan and Afghanistan three days after he admitted in a nationally televised address that he had indeed had an inappropriate relationship with Lewinsky?
So now this BN government is doing the same thing.
Do not worry what the impending failure 1MDB will do to the nation's economy.
Do not worry about the abuse of those tasked with managing the funds.
Be proud of the fact that the banks have, for the third time, extended the period for 1MDB to pay what is due to these Malaysian banks.
So focus on the bank's thumbs up to 1MDB request for yet another extension to their loan repayment not 1MDB's performance to date.
I say BULL! Aiyah Chua you got no standard ma...Nang boti nang. Kui boti kui! - steadyaku47
Pinjaman dari Ananda satu 'penghinaan'...
Seorang MP pembangkang kecewa dengan tindakan
firma pelaburan 1Malaysia Development Bhd (1MDB) yang berhutang dengan
jutawan Tan Sri Ananda Krishan untuk melunaskan pinjamannya.
MP Petaling Jaya Utara, Tony Pua berkata tindakan itu satu “penghinaan”, apatah lagi apabila syarikat tersebut mendakwa ia telah menebus semula pelaburannya sebanyak RM3.9 bilion di Kepulauan Cayman pada kadar tukaran semasa.
“Berita itu penghinaan besar buat 1MDB dan amat memalukan kerajaan Malaysia,” kata Pua dalam kenyataan.
Laporan Reuters semalam menyebut bahawa Ananda Krishnan akan meminjamkan RM2 bilion kepada 1MDB untuk melangsaikan hutang dengan Malayan Banking Bhd (Maybank) dan RHB Bank Bhd.
1MDB sebelum ini sudah dua kali tersasar dari jadual pembayaran untuk pinjaman darurat yang dibuat dengan dua bank tersebut.
Firma tersebut meraih kontroversi ekoran hutangnya berjumlah RM41 bilion, hasil ratusan juta dolar yang dipungut Goldman Sachs untuk pengendalian pengeluaran bonnya dan dakwaan mengenai isu ketelusan syarikat berkenaan.
Pua seterusnyua membangkitkan bahawa pinjaman dari Ananda itu merupakan bukti bahawa 1MDB kini dipengaruhi jutawan berkenaan.
MP tersebut turut menimbulkan kebimbangan bahawa 1MDB mungkin terpaksa memenuhi syarat pinjaman yang memihak kepada Ananda.
“Terutama sekali memandangkan 1MDB ada rekod yang buruk dalam mendapatkan pinjaman khas,” katanya.
MP Petaling Jaya Utara, Tony Pua berkata tindakan itu satu “penghinaan”, apatah lagi apabila syarikat tersebut mendakwa ia telah menebus semula pelaburannya sebanyak RM3.9 bilion di Kepulauan Cayman pada kadar tukaran semasa.
“Berita itu penghinaan besar buat 1MDB dan amat memalukan kerajaan Malaysia,” kata Pua dalam kenyataan.
Laporan Reuters semalam menyebut bahawa Ananda Krishnan akan meminjamkan RM2 bilion kepada 1MDB untuk melangsaikan hutang dengan Malayan Banking Bhd (Maybank) dan RHB Bank Bhd.
1MDB sebelum ini sudah dua kali tersasar dari jadual pembayaran untuk pinjaman darurat yang dibuat dengan dua bank tersebut.
Firma tersebut meraih kontroversi ekoran hutangnya berjumlah RM41 bilion, hasil ratusan juta dolar yang dipungut Goldman Sachs untuk pengendalian pengeluaran bonnya dan dakwaan mengenai isu ketelusan syarikat berkenaan.
Pua seterusnyua membangkitkan bahawa pinjaman dari Ananda itu merupakan bukti bahawa 1MDB kini dipengaruhi jutawan berkenaan.
MP tersebut turut menimbulkan kebimbangan bahawa 1MDB mungkin terpaksa memenuhi syarat pinjaman yang memihak kepada Ananda.
“Terutama sekali memandangkan 1MDB ada rekod yang buruk dalam mendapatkan pinjaman khas,” katanya.
Sementara itu, 1Malaysia Development Bhd (1MDB) dijangka berdepan satu lagi masalah kewangan selepas dilaporkan mengambil hutang AS$1 bilion (bersamaan RM3.6 bilion) dari konsortium 6 bank pada Oktober tahun lalu, kata Setiausaha Agung PKR Rafizi Ramli hari ini.
Selepas 1MDB dilaporkan baru-baru ini terpaksa mengambil hutang baru dari hartawan T. Ananda Krishnan untuk membayar hutang RM2 bilion Malayan Banking Bhd (Maybank) dan RHB Bank Bhd, Rafizi mendedahkan laporan terbaru majalah kewangan antarabangsa International Financing Review (IFR) mengenai syarikat itu.
"Kolumnis (IFR) Jonathan Rogers mengesahkan 1MDB mengambil satu lagi hutang jangka pendek berjumlah AS$1 bilion dari konsortium 6 bank yang diketuai Deutsche Bank yang perlu dibayar balik menjelang September 2015.
"Hutang AS$1 bilion ini dilaporkan diambil 1MDB dalam bulan Oktober 2014 iaitu di tengah-tengah kemelut hutang 1MDB mula mendapat perhatian umum," kata ahli Parlimen Pandan itu dalam satu kenyataan.
Katanya, masalah aliran tunai yang dihadapi syarikat pelaburan negara itu akan menjadi lebih parah tahun ini kerana 1MDB mengambil beberapa hutang jangka pendek bagi memenuhi komitmen bayaran hutang-hutang lain.
"Lebih membimbangkan, hutang AS$1 bilion (yang nilai dalam ringgit akan terus meningkat akibat kejatuhan matawang ringgit) ini diambil dengan syarat ia akan dibayar dalam bulan September 2015 menggunakan dana yang dikumpul dari penyenaraian aset penjana bebas (IPP) 1MDB yang sehingga sekarang terus bermasalah," kata Rafizi.
Naib Presiden PKR itu berkata, proses penyenaraian tersebut kini terus tertangguh dan dijangka akan menghadapi masalah berterusan kerana kelewatan projek IPP Jimah Timur dan kredibiliti kewangan 1MDB yang terus merudum.
"Tanpa projek IPP Jimah Timur dan dengan masalah keberhutangan 1MDB, dijangka sebarang penyenaraian melibatkan 1MDB tidak akan menarik minat pelabur," katanya.
Jika hutang RM2 bilion kepada Maybank dan RHB menyebabkan 1MDB terpaksa menjual aset dan kepentingan kepada Ananda, Rafizi bertanya aset mana pula yang akan dijual 1MDB bagi membayar hutang AS$1 bilion itu kelak.
Beliau mengatakan pendedahan itu juga menimbulkan persoalan, jika benar dana dari Pulau Cayman sudah dibawa pulang ke Malaysia, kenapa 1MDB tidak mempunyai dana untuk membayar hutang-hutang itu.
Dalam satu kenyataan pada 13 Januari, 1MDB mengatakan ia sudah menebus kembali sepenuhnya sejumlah AS$2.318 bilion (RM8.42 bilion) yang dilaburkan di sebuah dana berdaftar di Kepulauan Cayman.
Ananda semalam dilaporkan bersetuju meminjamkan sehingga RM2 bilion kepada 1MDB sebagai bantuan menyelesaikan hutang syarikat itu kepada Maybank dan RHB yang perlu dijelaskan akhir bulan ini.
Ananda semalam dilaporkan bersetuju meminjamkan sehingga RM2 bilion kepada 1MDB sebagai bantuan menyelesaikan hutang syarikat itu kepada Maybank dan RHB yang perlu dijelaskan akhir bulan ini.
Ia merupakan pinjaman yang dikatakan bersifat sementara, iaitu lebih kepada membantu 1MDB meleraikan masalah yang dihadapi bagi tempoh jangka pendek sambil kedua-dua Ananda dan 1MDB masih mencari penyelesaian terbaik.
Kedua-dua mereka sebelum ini dalam keadaan buntu hendak menyelesaikan hutang yang dijamin usahawan jutawan itu dan perlu dibayar balik pada November tahun lepas, ketika syarikat pelaburan strategik itu mengambil alih aset tenaga beliau pada Mac 2012.
1MDB sudah 2 kali diberi tempoh lanjutan selama sebulan bagi menyelesaikan hutang itu yang merupakan sebahagian usaha mengemaskini hutangnya berjumlah RM6.17 bilion yang perlu dilangsaikan tahun lalu.
Mengulas isu itu, Setiausaha Publisiti Kebangsaan DAP Tony Pua berkata terdahulu hari ini, Putrajaya patut berasa malu kerana 1MDB terpaksa mengambil langkah 'terdesak' dengan meminjam dari Ananda.
"Berita itu sangat memalukan bagi 1MDB dan kerajaan Malaysia, kerana 'dana kekayaan negara' terpaksa jatuh begitu rendah dan bergantung kepada jasa baik jutawan tempatan bagi menyelesaikan pinjamannya untuk sementara waktu," katanya. – mk/tmi
Rafizi kata...
Dilaporkan bahawa 1MDB terpaksa berhutang RM2 bilion dari Ananda Krishnan untuk membayar hutangnya kepada Maybank dan RHB yang sudah tiga kali tertangguh. Dulu, Ananda Krishnan sudah mendapat durian runtuh kerana aset IPP dijual pada harga yang hampir dua kali lebih tinggi.
Sekarang Ananda tambah untung dari faedah atas pinjaman yang diberikan. Lebih teruk, dilaporkan pinjaman dari Ananda itu beserta syarat bahawa beliau akan menjadi pemegang saham utama dalam syarikat tenaga 1MDB yang mahu disenaraikan.
Saya pun akan jadi billionaire kalau saya dapat layanan macam Ananda!
Di mana suara-suara yang dengan angkuh mengaku kononnya 1MDB ada aset yang cukup jadi jangan dibimbang walaupun hutangnya besar.
Sekarang telah terbukti hutang RM2 bilion pun tak boleh dibayar dan sudah kena jual harta, apatah lagi bila hutang itu RM41 bilion.
Gelagatnya sama seperti skandal lembu dan kondo dahulu. Mulanya dipertahankan sehingga ke titisan darah lembu terakhir tetapi bila sudah kantoi: saya yang dedahkan pula didakwa di mahkamah.
Kalau betul 1MDB tiada masalah,memberikan keuntungan dan tiada masalah aliran wang tunai,bak kata si Najib, kenapa 1MDB tidak mampu membayar semula hutang mereka kepada pihak bank? Kenapa 1MDB perlu meminjam dari 'along' untuk membayar hutang mereka... hangpa pikiaq2 mai...
Disgraceful for 1MDB to borrow from Ananda...
An opposition MP today said it is “disgraceful”
for debt-ridden 1Malaysia Development Bhd (1MDB) to resort to borrowing
from the country’s second-richest man to settle its loans.
This is despite the fact that the company had claimed that it had
already fully redeemed its investment in Cayman Islands of RM3.9
billion, at the current favourable exchange rate, said Petaling Jaya
Utara MP Tony Pua.
“The news is absolutely disgraceful for 1MDB and a terrible
embarrassment for the Malaysian government that its sovereign investment
fund had to stoop so low as to depend on the goodwill of a local
billionaire to temporarily settle its loans,” he said.
Reuters yesterday reported that billionaire Ananda Krishnan will lend 1MDB RM2 billion to settle a loan by local banks Malayan Banking Bhd (Maybank) and RHB Bank Bhd.
1MDB has already twice missed payments on the RM2 billion bridge loan it took from the two banks.
The company has been dogged by controversy over its RM41 billion debts,
hundreds of millions of dollars of revenue earned by Goldman Sachs for
handling its bond issues and a perceived lack of transparency.
Meanwhile, Pua said that borrowing from Ananda was proof that 1MDB is
now held hostage to the “white knight” and that there would be concerns
over the terms of the loan which would be conceded in Ananda’s favour.
“This is especially since 1MDB has a terrible track record of securing special loans,” he noted.
Pua cited the time when the company raised USD3.5 billion of 10-year
bonds to fund the acquisitions of independent power producers (IPPs),
Tanjong Energy and Genting Sanyen.
“It could only do so with the corporate guarantee provided by the
International Petroleum Investment Company (IPIC), a wholly-owned
investment vehicle of the Abu Dhabi government.
'Expensive price tag'
And despite having to price the bonds at an expensive 5.99 percent, the “guarantee” from IPIC came with an expensive price tag, Pua pointed out.
And despite having to price the bonds at an expensive 5.99 percent, the “guarantee” from IPIC came with an expensive price tag, Pua pointed out.
Pua said 1MDB had to dock 40 percent of the loan with IPIC as security deposit, which amounted to RM4.47 billion and recorded in
the March 2014 financial statements.
“Effectively, this means that 1MDB is paying 5.99 percent interest on a
US$3.5 billion loan despite having access to only 60 percent of the
funds or US$2.1 billion,” he said.
Pua (right)
added that 1MDB had to offer the option for IPIC’s subsidiary, Aabar
Investments PJS, to acquire up to 49 percent equity interest in 1MDB’s
acquired energy subsidiaries in order to secure the guarantee.
“The above are on top of the exorbitant certain commissions, fees and
expenses paid to investment bank Goldman Sachs - which was previously
criticised in Parliament - amounting to approximately 10 percent or
US$350 million.
“Taking all of the above cost of funds - USD250 million and USD350
million - and the locked deposit of USD1.4 billion, 1MDB’s subsidiaries
have taken a loan of USD3.5 billion with an unheard of 13.98 percent
effective interest for a so-called ‘sovereign wealth fund’.
The DAP parliamentarian, therefore, stressed that it was crucial for
1MDB to disclose the full terms agreed with Ananda for the temporary
loan.
“The new CEO, Arul Kanda Kandasamy, must keep to his word that he
welcomes public scrutiny as a good thing that will only serve to
strengthen the company and its governance.
“If 1MDB is further short-changed, then perhaps whatever value that is
left of the stalled initial public offering (IPO) of 1MDB’s energy
subsidiaries will be insufficient to cover the massive RM42 billion debt
which 1MDB has accumulated to date,” Pua noted.
Going deeper in debt?
Meanwhile Pandan MP Rafizi Ramli also questioned why the loan was
necessary when 1MDB had claimed to have repatriated all of its Cayman
Islands funds.
"It raises the question that if it is true that the Cayman Islands has
truly been brought back to Malaysia, why doesn't 1MDB have funds to
repay the debts (to Maybank)?" he asked in a separate statement.
Rafizi warned that 1MDB's problems will worsen this year, owing to
additional bridging loan it has reportedly taken worth USD1 billion.- mk
Anonymous$&@? - What a joke. Claim to have $8b coming back for Cayman but still not back yet. Now need $2b bailout !!!
wg321 - This is just like borrowing money from the 2nd “Ah Long” to pay the 1st “Ah Long”. At the end of the day, the debt is still there. Where is the money from Cayman Islands that was brought back to Malaysia to pay the debt to Maybank and RHB? It is very obvious the money from Cayman Islands does not exist. If the money from Cayman Island do exists, why don’t you pay your debt instead of giving excuses? Najib knows nothing about doing big business. He is giving all the wrong advice to 1MDB e.g. advice like “got money, don’t pay”. Enjoy first.
After loan from tycoon, how will 1MDB pay off other debts, asks Rafizi
RON95 sepatutnya RM1.62 seliter pada Feb...
Dalam satu kenyataan akhbar hari ini, Rafizi berkata, angka ini akan mencerminkan harga pasaran purata petrol RON95 di Malaysia, seperti yang ditentukan oleh MOPS (Mean of Platts Singapore)
Katanya, jika subsidi dipulihkan, seperti yang digesa oleh PKR, maka harga akan hanya menjadi RM1.32 seliter.
Terdapat spekulasi bahawa harga minyak akan diturunkan pada 1 Februari, selaras dengan kejatuhan harga minyak mentah.
Sumber dalaman industri memberitahu Malaysiakini bahawa mereka menjangka Putrajaya akan menambat RON95 pada harga RM1.63 seliter dan diesel RM1.62 seliter.
Putrajaya telah memansuhkan subsidi petrol dan diesel bulan lalu selepas harga minyak mentah mencecah paras paling rendah dalam rekod. Satu mekanisma harga "apungan terurus" kemudiannya diperkenalkan.
Pada masa ini, harga seliter RON95 ialah RM1.91 manakala diesel dijual pada harga RM1.93 seliter.
Jika RON95 dijual bawah harga RM1.75 seliter, ia akan menjadi jumlah yang paling rendah sejak 2009.
Sementara itu, Rafizi turut mendakwa, Putrajaya telah mengumpul kekayaan sebanyak RM1.15 bilion bagi "cukai bahan api" berikutan petrol yang telah dijual melebihi harga pasaran antara bulan Disember dan Januari.
Hujah beliau berdasarkan harga oleh MOPS, kadar pertukaran matawang harian dan data harga penggunaan yang disediakan kerajaan.
Pengiraan yang dibuat naib presiden PKR itu juga mengandaikan, harga pasaran yang betul untuk satu liter bahan api RON95 telah berubah-ubah antara RM1.75 dan RM1.49 antara 1 Januari dan 28 Januari.
Manakala, harga pasaran untuk satu liter diesel adalah antara RM1.80 dan RM1.55 semasa tempoh sama.
Bagaimanapun, menurut Rafizi, Putrajaya telah menetapkan harga RM1.91 seliter bagi RON95 dan RM1.93 seliter bagi diesel pada bulan Januari.
Oleh yang demikian, Rafizi yang turut menyediakan pengiraan dari hari ke hari dalam kenyataan akhbarnya itu menegaskan, pengguna juga secara berkesan telah membayar "cukai bahan api" kepada kerajaan.
"Oleh kerana rakyat terus membayar pada harga yang lebih tinggi dari harga pasaran (walaupun tanpa subsidi), BN mendapat durian runtuh dengan mengutip cukai petrol tanpa diumumkan kepada rakyat," katanya.
Sehubungan itu, Ahli Parlimen Pandan itu mencabar kerajaan Persekutuan untuk menyangkal dakwaannya dan mendedahkan formula yang digunakan untuk menentukan harga bahan api.
Malah, beliau turut mengulangi permintaaannya supaya Perdana Menteri Datuk Seri Najib Razak menghentikan kutipan "cukai bahan api" dan menubuhkan Tabung Penstabilan Harga Minyak dengan menggunakan cukai tersembunyi yang telah dikutip untuk digunakan semasa harga petrol dan diesel dinaikkan.
Beliau turut mencadangkan supaya harga terkini bahan api disemak setiap minggu bagi mengelakkan rakyat terus membayar jauh lebih tinggi daripada harga pasaran dan menghentikan cukai tersembunyi akibat perbezaan harga itu.
"Tindakan mencukai rakyat melalui pembelian petrol dan diesel pada ketika ekonomi negara semakin teruk melambangkan keterdesakan kewangan pentadbiran Najib," katanya lagi.- mk
Rakyat fleeced of RM1b in fuel taxes so far...
He also accused Putrajaya of having milked motorists of more than RM1 billion in taxes on fuel over the past two months as pump prices continued to be managed on the controlled float system.
“This follows the Government keeping the actual market price of fuel a secret after the removal of subsidies,” Rafizi said.
According to Rafizi, in January 2015 alone, motorists paid RM307 million in petrol taxes for RON95 and RM209 million for diesel thereby allowing Putrajaya to collect a whopping RM516 million without the people even realising it.
“Since the managed float system was adopted on December 1 last year until today, the government has collected RM1.149 billion from petrol and diesel taxes,” he explained.
Saying, “The higher than market prices and taxes means a windfall for the Barisan Nasional (BN) Government,” Rafizi also pointed out that in January, motorists paid RM1.91 for every litre of RON95 grade petrol, while the Singapore Mogas 95 Unleaded benchmark price was at RM1.63 a litre on January 28.
For diesel, he said, motorists paid RM1.93 per litre when the actual price should have been RM1.62, according to the Singapore Gasoil standard.
In regard to the average fuel prices for February that will be announced tomorrow, Rafizi said the price for RON95 should be RM1.62 per litre while diesel should be RM1.65 minus the subsidy.
However should the government heed the demand of PKR to subsidise fuel, the prices should be RM1.32 per litre for RON95 and RM1.35 per litre for diesel, he explained, adding, “If the prices announced tomorrow are different, the related minister must explain how the prices for both types of fuel are calculated.
“We came up with these prices based on the same formula used by BN and the MOPS (Means of Platt Singapore) market prices,” he said.
He urged petroleum companies to sell fuel to petrol stations on a consignment basis to help minimise their losses and added, “The billions in taxes covertly collected (by Putrajaya) should be used to set up a fuel price stabilisation fund to manage a rebound in global crude oil prices.”
“It should remove sales tax on petrol or diesel purchases by the industrial sector to bring down production costs.” - fmt
cheers.
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