Because the politicians require 60% of management to be BP? There was a second warning letter...

In your definition do you mean a BP company that only sub out government work to other companies is considered ali baba?

The term ali baba is usually used in reference to stealing.

This post has been edited by Binyamin: Jul 5 2015, 07:01 PM

Oil and gas is one of the 2 major industry in Malaysia. Depending on where your business is if the oil and gas industry goes so will your hawker f and b business. Besides oil palm, O and G and manufacturing, most of the other industries are just riding the backs of the 2 major malaysian industry. So be careful what you wish for.


This post has been edited by Binyamin: Jul 9 2015, 10:15 PM

This post has been edited by Binyamin: Jul 9 2015, 10:22 PM

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This post has been edited by Binyamin: Jul 21 2015, 10:05 AM

From what I know all the design and costing work is done. I don't know if they can change on the fly.

I also heard that the project is delayed.

I appreciate hearing both sides. The only problem is some people might push their personal opinions as facts which is misleading.

If you have to write personal opinion kindly indicate.

Deleted- triple post

This post has been edited by Binyamin: Jul 22 2015, 07:56 PM

Deleted- triple post

This post has been edited by Binyamin: Jul 22 2015, 07:56 PM

I use google translate to translate the article from the link. It contain some helpful advice. Capital worldwide is shifting to safe haven countries and we are far from being done yet.


(Petaling Jaya, Selangor ‧ 20 News) Malaysian Employers Federation (MEF) Executive Director Dato 'Shamsuddin disclosure, the current job market to shrink in the first half of this year a total of about 1 million people have been retrenched.

He accepted "Sin Chew Daily" visit today, said that in addition to 6,000 job cuts outside of MAS, while the construction industry, banking, oil and gas companies, electronics companies, through voluntary retirement scheme dismissed 4,000 people.

ACE Group to enter the Johor property, build ARC @ Austin Hills serviced apartments adjacent to the Austin Hills Golf & Country Club, went to Johor Bahru Level (CIQ) only 17 minutes away by car.

This includes banking layoffs of about 2,000 people, Japanese JVC divestment resulted in 500 job losses as well as from the construction industry, other sectors and other oil and gas companies laid off 1,000 500 people.

Among them, new entrants and middle management level employees most affected.

In addition to the layoffs, he refers to the employer in order to save costs have started to implement an employee incentive payments to reduce the magnitude of salary or even freeze salary, incentives or bonuses.

3 consecutive quarters of poor performance

He said the reason for shrinking the workplace, because many companies in the third quarter of last year, did not get good performance, this situation until the first quarter of this year have not improved, then the stock market in the second quarter than the same period last year and early this year worse companies began much.

He refers now caught between the internal and external pressures to survive outside Greece down debt, China's stock market crash, the Australian real estate bubble affect the national economy; the country are subject ringgit devaluation, inflation, consumption tax, consumer sentiment hit.

Banking thousands of job cuts is alarming figure, which, he explained due to the National Bank to tighten lending regulations, the bank is not easy to approve loan applications; furthermore due to the popularity of online banking, banks will not need much manpower, so started Human resource rationalization measures.

He also said that most of the layoffs of oil and gas companies are contracting large companies outsourcing projects upstream business, affected by global oil prices, large companies no new oil exploration project, and then there is no business of small and medium companies outsourcing to outside.

"As for the construction industry, many employees are contract employees, is not eligible for re-appointment of the contract expires."

He added that due to inflation and high prices high, consumers have become more cautious, wait and see who more and more job opportunities for joint construction also followed decreases.

Do not picky remind graduates work

Shamsuddin remind students not to be too picky work, because there are always people who experience persistent unemployed graduates than popular.

He said that recent graduates will find jobs in the search for the face of difficulties.

"In the case of an economic downturn, employers will be more cautious to hire new employees, even if luck is eligible for admission, may only be hired on contract."

He advised the graduates not to pick and choose to work, they should first find a job, and then slowly look for better job opportunities.

"Unemployed graduates longer to work harder to get better, because they have no work experience, graduates must now fight for a job in a new batch on the same basis."

He urged the Government to implement incentive measures to allow companies to hire graduates eligible for double deduction, and perhaps make the workplace slightly warmed. (Sin Chew Daily reported ‧ ‧ Wan Yee Shan)

See full points: http://biz.sinchew.com.my/node/119399?tid=6#ixzz3ghvihmSl
Follow us:SinChewPress on Twitter | SinChewDaily on Facebook

This post has been edited by Binyamin: Jul 23 2015, 07:03 PM

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This post has been edited by Binyamin: Jul 23 2015, 11:35 PM

As for timing it is pretty establish from where I work that the economic cycle is 3142 days in duration or 8.6 years. Yeah pi multiply by 1000 days.. it is bizarre I know and no one can explain it we just accept it as truth from studies. Maybe that is why this knowledge is not mainstream. From the last crisis that started in 2007 the target for the next is 2015.75. Which is this year.

The last crisis was about credit crunch toxic mortgage back securities. This coming crisis is about sovereign debt crisis especially of emerging economies. Oh and the eu too. So you judge. What's amazing this time is the whole world is suffering from the same issue in unison. Not an isolated case. Personal opinion here.

This post has been edited by Binyamin: Jul 24 2015, 09:01 AM

No i don't know about public sentiment.. only data, some proprietary some not. What I meant by unison is the whole world will face the same issue. Too much debt and probably margin calls. Margin call will push up USD which will create more margin calls from more countries according to a model I have seen, 1MDB seems to come on cue for us.. I think it is going to be extremely interesting after 2015 October on a world wide scale politically and economically.

This post has been edited by Binyamin: Jul 24 2015, 11:12 AM

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This post has been edited by Binyamin: Jul 26 2015, 07:58 PM

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This post has been edited by Binyamin: Jul 29 2015, 12:03 PM

Supersound with what you are wishing on others if what you wish for comes true it may also be too dangerous for you to run your hawker business on the streets.

This post has been edited by Binyamin: Jul 29 2015, 03:24 PM

Deleted.

This post has been edited by Binyamin: Aug 18 2015, 11:02 AM

Roustabout.

Well actually it is the guy that folds and iron the cloths. I knew a lot of roustabouts that came from the rank of offshore cooks room/toilet/clothes cleaner.

Ah I miss those days. Relatively stress free job.

This post has been edited by Binyamin: Aug 19 2015, 10:23 PM

Hmm since when did they ever require a driller to be a degree holder....

Double post

This post has been edited by Binyamin: Aug 21 2015, 11:45 AM