at this time, you don't think it will get worse better it gets better?

1H16 = 16/11 or 16/12?

Think it means any time from 1st Jan to 30 June 2016

You can't derive the cost like that.
The dismay profit figure was being hit the impairment as well.

He told me that is the single most important issue to solve now. And they are facing a "do or die" maneuver because "someone" is chasing them hot on their arse. Foreign funds and rating agencies do not care about other "domestic issues" like 2.6b, but this "systematic threat" to them will affect the whole financial system.

Yes, "the company" will eventually be downsizing, make some decent profits and is asset rich instead of deep in debt after the restructuring

I believe there will be other new issues crop up after the conclusion of this episode. Which will bring up a new set of drama. Until then, it will be a big sigh of relieve for everyone

ya i know, just a guesstimate from i read elsewhere.

do you have a more accurate no.?

Sorry

Are you saying its not 1MDB, but something else?

Don't know leh....I think Fed rates hike and oil price will still affect the RM very much. According to my source, the restructuring will be done, just a matter of time. If he is true, then RM will be back to <4.00, all else being equal

With the recent obvious government moves to cut down subsidies, mooting GST rate increase, tol rates, sin taxes rise and all those unpopular policies, they seemed to be more interested to please the foreign funds and rating agencies than their voters. Maybe they think there is still time before the next election

If all these are taken into account, I think RM will not be worse off than now

1st Half 2016

Its "the company" everybody (including you) is talking about now

Our gomen thrives on DEBT. They have to be pleasing the foreign ex colonists of rating agencies.
Otherwise its high borrowing coming in.

My guess is inflate the property prices.

Get several GLCs to acquire them and walah! Problem solved

this is probably the most prime thing, gotta keep the debt coming.

for the last 3 decades, debt has been funding everything from tv's to handouts to buying foreign props.

i hv no doubt a few things are more than certain to happen to enable procurement of more debt - gst incr, sale of prime/bumi land, signing tppa.

Exactly. They cannot afford a rating downgrade. A rough calculation - interest cost will be RM6b for every 1% (assuming RM600b debt). If MGS become junks, then it could be 6-8% (?) difference from now

The effect to the economy will definitely bring them down from power

The pressure from foreign funds and rating agencies is definitely greater than their rural voters

If you can think of this, so will they

See?

A sochai like can be gomen!

"glc" can incl epf and tabung or not?

Anyone who can help out is welcome!

They are not sochai. In fact they are very smart. In the sense that they know who matters the most to them

Contrary to most of us believe, "his" position is very secured. No one can touch him now. He actually sleeps very soundly at night. He has his grassroot firmly behind his back. Depending on the situation closer to GE14, he can choose to continue or pass the baton to his own people. He can "cross control" them just in case any one of them go against his will, one can replace the other. He already has this plan B. If he thinks the 2.6 issue fades away before 2018, then he will carry on with the desired plan A

Now all he needs to do is manage the "elders" and "foreign funds and credit agencies". Urban voters is the least of his worries. Tol will not affect them. Subsidies like petrol, rice, electricity etc can be reimburse through brim. Whereas GST increase will make the credit agencies happy

Looking at his position and what he can do, RM appreciation will be the by product

but... the demi god has been at it for >1 yrs now. rm still going down wor...