Tax payers should be angry about this, RM1.7B for something that need not happen. But most that vote for the "wrong" side unlikely pay income taxes

Or stamp duty on SPA and LA

Feels sad man

most taxpayers or their parents supported that side back then. I call it Gabriel Knight - Sins of the Fathers. it's payback time now

This post has been edited by beLIEve: Dec 20 2019, 02:55 PM

Wrong or right sides, the future for all sides is going down the drain if all these continue. How is the country going to sustain with escalating debts?
By 2030, may be 3 trillion?


This post has been edited by MGM: Dec 20 2019, 08:20 PM

not an expert, but we can't. probably do a Greece or sell petronas. then can start milking again

seriously rethinking if i should even continue buying asm 1,2 & 3.

you don't want god to bless you no more?

if you're worried about the country, your option is dump your 1money overseas or buy gold/bitcoin. as long as you hold new MYR, you're at risk

But here i see all of you reporting unit purchases of multiple grands on a daily basis

Surely there are better UTs out there (there are). You guys addicted to the fixed unit price eh?

ASM123 look the best after promo FD. Difficult 1 time vs transfer fund to qualify as fresh fund each year. If emergency need money, can redeem without a loss due to comission.

Makes sense. Yet all of my brethrens that havent even filled up their quota on asb1 and 2 (with cash or financing), are complaining about PH government destroying their race's wealth, just because of the 5.5 sen dividen.

Empty cans are the loudest

haha i saw.

they haven't experience ASM1/3 yet. Dividend drop, lament a bit, still keep buying. definitely not like them condeming govt/ASN.

this is the side effect of stealing money borrowed from somewhere with high interest paid. Many don't understand. Our country is a failure country because mostly waiting windfall from government. they forgotten we need to work hard to get what we wanted. Where are all these asXX monies from? Public listed company dividend and company/business growth so that stock prices moving up. From toll collection, petronas, natural resources and taxes. FDI setup international firms in malaysia so that we have some good work for locals with good pay so that they can spend and spruce the economy. Some even lamented why FD rate so low. The higher it goes, the worsened inflation it will be. Some compared to singapore exhange rate. Do you know SG FD rate is near 0 few years back yet our FD rate is 3-4% at that time? Why ringgit dropped so badly? To support all these. Ringgit drop export increase (gloves, oil palm, crude oil) then company have more profit. Simple math. if the company make 1USD profit means converted to ringgit it will be more because the currency devalued. Then, the profit goes back to asxx because asxx is the shareholder. In the coming years, you will continue to see the our money continue to drop. If you ask what should we do? Diversify the portfolio to invest in foreign stock/investment. Currency goes strong with productivity. Look at Thailand, VN, TW, their manufacturing/tourism/agro spruce, so you see their economy getting better especially TW, VN, Cambodia in the area of high tech manufacturing due to china tradewar. We can benefit from China tradewar but unfortunately we don't have skill workers. Where are those skill workers? Is our children studying IT/Engineering/Finance? Tourism, 16% of TH GDP is from tourism. What we have done to capture the tourism market especially tourist from CN?

This post has been edited by ch_leong: Dec 20 2019, 08:18 PM

Ini fail belajar ni. Please use paragraphs after a few sentences

When the country fails, the one suffering most r the B40. Right now they might be benefitting with all the goodies from govt.

Good observation. Root cause is our policy.....and some interested with black shoe than substance ....

When PNB has a bad year, does it affect its employees?

what's their bonus? Do they get a pay cut?

PNB is doing fine, you need to understand that ASNB and PNB are two different entities in fact the 0.5% bonus distribution given to ASB subscribers were paid out of PNB's pocket

A good read: https://www.thestar.com.my/business/busines...ither-the-funds

The last few paragraphs are quite interesting.

As long as ASx is not like TH, we should already be thankful.

https://www.malaymail.com/news/malaysia/201...rs-told/1710235

This followed a report that Tabung Haji had been illegally paying the “hibah” to its depositors since 2014, which contravened the Tabung Haji Act 1995 as TH had more debts than assets in the previous years.

This post has been edited by MGM: Dec 21 2019, 11:59 PM

Yes. Seems like a lot of companies rely on govt contracts to thrive. the moment new govt freeze some mega projects, cement stocks crashed like hell. Then they buyout them cement companies at low price just before govt resume them mega projects.

In the long run, I believe ringgit can only go down.

Actually I feel M40 suffer more. B40 probably don't live the lifestyle of M40.

Ahhhh I never know the bonus came from PNB. I thought retained undistributed profits from previous years.

I agree with PNB. Should the market crash when they make big bets, they're gone.

I buy ASM because price is fixed and dividend not lower than promotional FD. If I want high risk high gain, straight I go to KLSE or US market.

This post has been edited by beLIEve: Dec 22 2019, 12:16 AM

EPF dividend for this FY to be declared next year should also be going down unless there is a miracle in Q4. Q1 and Q3 income reduced a lot vs last year. Q2 slightly less.