Serious? How many%?

Ya, gomen recognize kulit-fication only

Not thumbs up, middle finger instead......Disappointed.
Nothing for low income ppl like me.

Monday CI sure drop..........

Aya, got to tell my employer to deduct to make it Rm2,980.
Still untung wo

This post has been edited by othme: Oct 7 2011, 06:56 PM

Let read tomorrow newspaper how others cronies politicians bodek the budget

Happier man but why still cry?

Just fyi:


Description : MATERIAL CONTRACT SECURED BY KNM GROUP BERHAD'S SUBSIDIARY AMOUNTING TO APPROXIMATELY RM638 MILLION

Announcement Details/Table Section :

1. Introduction

KNM Group Berhad (“KNM”) is pleased to announce that its wholly owned subsidiaries, led by KNM Process Systems Sdn Bhd (“KNMPS”), had on 11 October 2011 secured a conditional EPCC award for the engineering, procurement, construction and commissioning of a Waste to Energy Plant with capacity to process up to 1,000 tons per day of municipal solid waste for generation of a minimum of 40 MW of gross electrical energy in Karadiyana, Thumbowila, Kesbewa, Colombo, Sri Lanka (“the Project”) on turnkey EPCC basis (“Conditional EPCC Award”) amounting to USD200 million (equivalent to approximately RM638 million based on the exchange rate of USD1.00 : RM3.19) from Orizon Renewable Energy (Private) Limited (“ORE”), a subsidiary of Octagon Consolidated Berhad (“Octagon”).

The Conditional EPCC Award is subject to inter alia, the following conditions:-
Signing of definitive agreement (“EPCC Contract”), based on terms and conditions acceptable to the parties including the financiers of the project by December 2011.

Effective date of the EPCC Contract to be 60 days after the Financial Close, wherein all the financing/facility agreements are entered into with the Financiers of the Project and funds are ready to be drawdown.

The Project, which involves the generation of renewable energy from municipal solid waste at the Project site covering up to 20 acres of land in Karadiyana, is to be implemented under Public Private Partnership between ORE and the Waste Management Authority of Western Province, an agency under the Government of Sri Lanka. Further details on the Project can be obtained from Octagon’s announcement on 6 October 2011.


4. Effect of the Project

The Project is not expected to have any material impact to KNM Group’s financial performance for year ending 31 December 2011. However, it is expected to contribute positively to KNM Group's earnings for the financial years ending 31 December 2012, 2013 and 2014.


5. Risk Factors

The Project is subject to certain risks mainly in the power and renewable energy industries and legislation on clean energy in the Sri Lanka. These include changes in general economic conditions such as, but not limited to inflation, taxation, foreign exchanges, interest rates, labour and material supply, changes in business and operating conditions such as, but not limited to government and statutory regulations and deterioration in prevailing market conditions. The Project may not achieve financial close.

The Project does not alter the risk profile of KNM as KNM Group is already operating in these industries and hence would continue to be exposed to risk factors that they currently face whilst operating in the industry.

Although KNM Group with its vast experience may undertake efforts to mitigate the various risks, there is no assurance that any change in the above factors will not have a material adverse effect on the business and operations of KNM and/or KNMPS.