why would you puke? government guarantee is as good as having no risk at all.its isn't called risk free rates for nothing. and the bulk of EPF,PNB, KWAP investment portfolios is in secured fund such as those.

I don't think SPV such as those reduced the debt ratio though but it's good to masked expenditures though like Enron to show a "balanced budget " which will allowed them to keep a low lending rates.

states like Penang and selangor do it as well, they announced a deficit, then don't spend it then top it of and called it a surplus then do defisit again. but I'm really not sure why they do that as it's not beneficial at all outside of conning idiot fanboys though.

pembinaan PFI is a paklah/KJ doing though.

one of those leash to keep KJ out of biting the masters hands.

Don't be too influenced by pakatoon pseudoscience.

If it were masked by moving it off sheets and put a lot in risky situation then their debts rating will become junks as its entails risks on the part of investors and they would need to pay more interest because of it. And at 55% debts to GDP ratio it's is low, just take a peek at our southern neighbors and see if twice that numbers on a 1/6 population with no resources pose a problem.

Any government bonds is considered risk free as government hold ultimate monopoly on it's sovereign soils and not because of the tax payers. The reason Greece is in such a mess is because they lost their monetary policy which mean they can't print off money nor increase their interest rates.

The local funds aren't supposed to fight off MoF. Thats illogical MoF is their ultimate shareholders and every capitalist know that's firms exist to further the interest of their respective shareholders. And no they can't simply write off the loan as well as its consider incompetent cooperate governance and they will have problems doing their business elsewhere. Did you know ours cooperate governance are 2nd best in Asia all because of these MoF controlled funds?

The thing that need to be worried is not the sovereign backed fund which I guess is considered just to attack the premier infact the biggest risk is the premier wants to impress the public by furthering in risky investment here and abroad to get 6-8% yields.

you can see our ringgit suffer when the murican hike their interest rate making them having better yield. so to say almost all of investors are local boys loyal to MOF is highly unlikely scenario.

the move of what you suspected as "moving it off balance sheets" outside of your really deep prejudices is really normal. they wanted to differentiate the loan which they had consumed and loans for infrastructure investment to elevate investors concern. Greece problem is they consumed all of those debts for public good, by moving 40bilion of civil servants housing, 60 bil in MRT, 20 bil in KTM double tracking they can show that the loan is use for investment and will yields money despite its long break even points.

people usually defined risk not by the actual debts you have but by your overall commitment and risk exposure. I think even being a guarantor for someone else that records is still recorded in CRIS and would count as commitments.

and we are not a service oriented economy with strategic location?

kesian pakatoon bodoh kene conned LGE pseudoscience and never read WEF efficiency index. either that or racist faggot who won't believe anything else.