usd6mill for 18boats? sampan kayu ke..

are you suprised?

scud these days kinda useless no.?

the more we care, d more we try to provoke china d worse it will become... if china angry, they would stop importing msia's palm oil n buy only from indon... then our palm oil masok laut liao

we make sure we hv our presence in our area... as long as china dont start drilling or fishing in our area, we shoudnt take drastic action..

lelz... low budget? at least better than peenoise...

fatti bom bom? how to deliver... cina island got ciws? viet tiong got? pee noise got?

that's msia's new uniform?

msia beli dah tabuli guna? lelz..

cant reach major cities... maybe they would target hainan and guangzhou/hk

shouldnt d gun be sprayed paint too?

i see...

setakat paint je..

betolz tu..

tapi ada aus version jugak fixed scope

not all i think.. some aus units still using a1

msia punya boleh buang... lokal punya a lot of prob i heard

they buy already... would keep in warehouse.. officers sign off exercise report, then sell off fuel in black market, order parts when no replacement needed then sell back to supplier

maybe they expect US to subsidize them so they can act as counter weight to prc

Bondholders clash with Colt as US gun maker's bankruptcy begins



WILMINGTON, Del: Bondholders of gun maker Colt ripped into the bankrupt company's private equity owner in a court hearing on Tuesday, saying the firm sped up its decline by starving it of cash and investment.

A Colt lawyer also told a U.S. bankruptcy judge that the gun maker may ditch its plan to sell itself to its current owner, Sciens Management, and wipe out US$250 million of bond debt.

Colt Defense filed for Chapter 11 bankruptcy on Sunday, after a year of sharply falling sales and dwindling cash that made it hard for the company to meet demand for its sports rifles and handguns.

A bondholder attorney told Judge Laurie Silverstein in Wilmington, Delaware, that Sciens was to blame for Colt's inability to compete.

"What do they (Sciens) do with the cash? They take it for themselves," said Robert Stark, of Brown Rudnick, which represents a group of large bondholders. "There is no corporate governance here. There is only Sciens."

Colt had planned to use the hearing to seek approval to borrow US$20 million from its current lenders. John Rapisardi, an attorney with O'Melveny & Myers, which is representing Colt, said the company needed cash to make Wednesday's payroll.



Just hours before the hearing began, Stark's group presented the company with its proposal for lending Colt desperately needed money. Stark wanted the judge to order Colt to accept the proposal, which he said was more favorable toward Colt.

Silverstein approved an interim loan to carry the company for the coming days and scheduled a hearing on Monday on the bondholder loan proposal.

Colt has said it needs to quickly get out of bankruptcy to reassure customers such as the U.S. government that it remains a viable provider of weapons. To overhaul its debt quickly, it has proposed selling the company to Sciens, essentially setting the price at zero dollars. Colt would exit bankruptcy much as it is today, but without its bond debt.

"This one is a bit odd," said Rapisardi, describing the proposed sale. He said Colt may end up abandoning the sale and move ahead with a traditional Chapter 11 turnaround.

The case Colt Defense, U.S. Bankruptcy Court, District of Delaware, No. 15-11296

(Reporting by Tom Hals in Wilmington, Delaware; Editing by Richard Chang)

- Reuters

damn yankees arming indons well...

Malaysia sends planes to search for missing Petronas oil tanker
PUBLISHED ON JUN 17, 2015 8:59 AM 358 109 0 0


The missing oil tanker MT Orkim Harmony.

PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - The search for missing Malaysian-registered oil tanker MT Orkim Harmony has been stepped up with more assets added to the 13 vessels involved in the mission.

Maritime Vice-Admiral Ahmad Puzi Ab Kahar said five aircraft - two from the Malaysian Maritime Enforcement Agency (MMEA), two from the Royal Malaysian Air Force and one from the Royal Malaysian Navy - joined the effort yesterday.

"This is on top of 13 search vessels that have been mobilised since Day One.

"We are also widening our search area to include the Malacca Strait as well as Sabah and Sarawak waters," the MMEA deputy director-general told The Star yesterday.


The search team was also checking satellite images, he added.

"At this point, we are sure that the ship did not capsize.

"If it did, an automatic sensor on the ship would have alerted the authorities," he said.

Admiral Ahmad Puzi said the tanker, which was carrying 5,879 tonnes of RON95 fuel belonging to Petronas worth RM21 million (S$7.5 million), could be at sea for about 20 days before it runs out of fuel.

"It is frustrating that there is still not a trace of the tanker.

"However, we are not giving up. We will search for the tanker until it is found and rescue the crew," he said.

Asked whether the ship's 22-member crew had been taken hostage, Admiral Ahmad Puzi said no ransom demand had been made as of yesterday.

"We are not concluding it is a hijack yet. We are cooperating with agencies from neighbouring countries in searching for the tanker," he said.

The tanker left Malacca last Wednesday and was to arrive at Kuantan port 10.30am the next day, but communication was lost at about 8.57pm. The MMEA was notified at about 6.30am on Saturday that it was missing.

The ship's last known location was 30 nautical miles off Tanjung Sedili.

In Kundasang, Home Minister Ahmad Zahid Hamidi said "insiders" could have been a factor in the tanker's disappearance.

He said those who were well versed with the vessel and its movements might have provided information to individuals who had caused its disappearance.

In Putrajaya, Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek said there would be no petrol shortage in east coast states.

He said the missing fuel was for next week's supply for Pahang, Terengganu and Kelantan.

"We met with Petronas Dagang on Monday and it said a new consignment would be sent," he said after chairing an annual consultation with cooperatives yesterday.

- See more at: http://www.straitstimes.com/news/asia/sout...h.RGySgwBf.dpuf