tag:blogger.com,1999:blog-11109306.post6531262662297440231..comments2024-03-29T13:53:27.554+08:00Comments on KTemoc Konsiders ........: Will Mahathir also find ways to recover his humongous losses of 1981 to 2003"KTemochttp://www.blogger.com/profile/09951253039042572381noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-11109306.post-82642786645897686052018-05-28T02:08:21.502+08:002018-05-28T02:08:21.502+08:00Exactly CK !...sai hei to even waste effort to res...Exactly CK !...sai hei to even waste effort to respond to mud brain. I just didn't even bother now. If time permits and if in the mood, the most I would do is to glance through his mumbles and have a quiet chuckle at his antics...but notice how he always WANT to have the last word EVERY TIME, wakakkaka. Wonder if the mud brain indoctrinated with dead end religion makes one feel soooo inferior to insists on the last word all the time, wakakkaka.JJhttps://www.blogger.com/profile/04060018986184195373noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-57245854989326225662018-05-27T16:19:49.567+08:002018-05-27T16:19:49.567+08:00Guarantors for what? If its guarantors for asset l...Guarantors for what? If its guarantors for asset loans then either you're lying or the 2 person you referred to was lying. As long the asset can be sold, you're probably gonna get a profit from it. johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-67140372940825383562018-05-27T16:17:27.233+08:002018-05-27T16:17:27.233+08:00You mean cronies can afford it.You mean cronies can afford it.johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-59023364202899103122018-05-27T15:57:03.342+08:002018-05-27T15:57:03.342+08:00Why r u still want to argue with a know nothing, w...Why r u still want to argue with a know nothing, who is interested ONLY to win the last mile with all the kitchen sinks thrown in.<br /><br />Let him mumbles lah. <br /><br />He doesn't know people out there r laughing their heads off of his irrationality & mostly cut&paste replies devoid of the actual text's context.<br /><br />Let him be the show of the monkey!CKhttps://www.blogger.com/profile/16423926161945889390noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-13492027375311900402018-05-27T09:23:34.660+08:002018-05-27T09:23:34.660+08:00I personally know 2 people who have been declared ...I personally know 2 people who have been declared bankrupt because they stood guarantors for others. Besides 1MDB, how many more companies have our government stood as guarantors?TShttps://www.blogger.com/profile/04528899955512771860noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-57676313745630366342018-05-27T08:09:36.146+08:002018-05-27T08:09:36.146+08:00One of Najib's own party leaders said he lives...One of Najib's own party leaders said he lives in an insulated bubble, and it's clear he still does not grasp the whole current situation.<br />I would advice Najib tonfocus on preparing on his upcoming Mother Of Legal battles.Monsterballhttps://www.blogger.com/profile/05482725674818312298noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-31651197168630067492018-05-27T06:37:49.668+08:002018-05-27T06:37:49.668+08:00Najib is jealous it took Harapan only 2 weeks. Rem...Najib is jealous it took Harapan only 2 weeks. Remember the infamous PEMANDU (under Idris Jala) who spooked Malaysians a while ago that the country would become bankrupt in 2019 then suddenly become a developed nation in 2020.TShttps://www.blogger.com/profile/04528899955512771860noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-27299832818287694302018-05-27T02:57:25.045+08:002018-05-27T02:57:25.045+08:00Source IMF
Gross Government Debt as % of GDP
USA :...Source IMF<br />Gross Government Debt as % of GDP<br />USA : USD21,171 Billion - 107.8%<br />Japan: USD3,587 Billion - 236.4%<br /><br />Malaysia: RM1.0 Trillion (USD250.0 Billion). Malaysia is in financial disaster/ruin. A bankrupt country with strong fundamentals. ~ Source PH<br /><br />What's the problem? The PH's Manifesto - it has to nought the GST because PH believes it increases the price of baby pampers, kerang, ikan kembong, etc..<br /><br />Now, how will PH find the money to service/pay Najib's debt? <br /><br />From SST (10%)? From black gold? Stop all mega infrastructure projects? Termination of all political appointees contract? Downsizing the cabinet and also the civil service. Ministers salary cut? Reduce BR1M? Work on pro bono basis, for example, like the Oxford-trained financial adviser to the FM? <br /><br />Are we not going to be a developed country?<br />Was the previous government that very bad? Just mainly because of 1MDB and GST. Fitnah.<br />Unknownhttps://www.blogger.com/profile/03431352248378490137noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-45086591172065994122018-05-27T00:30:19.120+08:002018-05-27T00:30:19.120+08:00https://m.malaysiakini.com/news/427019
Amazing cr...https://m.malaysiakini.com/news/427019<br /><br />Amazing creative accounting by the Najib Gasak administration.<br /><br />The HSR will cost RM 100 Billion , and cancelling it will cost a huge undisclosed amount.<br /><br />By any prudent accounting standard , HSR IS a legal Financial liability of the Malaysian government. But it was not reported as such by the Malaysian government.Monsterballhttps://www.blogger.com/profile/05482725674818312298noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-2157607140713318602018-05-26T23:49:14.664+08:002018-05-26T23:49:14.664+08:00And that's why I said, LGE has no idea of what...And that's why I said, LGE has no idea of what he is talking about.johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-20214360503349062582018-05-26T23:43:41.078+08:002018-05-26T23:43:41.078+08:00You may think its "Creative Accounting",...You may think its "Creative Accounting", but this is the accounting format used worldwide by all countries and companies that gets audited. <br /><br />You seem to have a misunderstanding of what liabilities are to a country. 1MDB is not considered a liability because it is in bonds backed by assets valued over its total debts. Since you mentioned long term liabilities are unlikely to cause any crisis, are you aware that majority of the debts are in bonds that have medium-long term maturity dates? The last bond will only mature in 2039. <br /><br />The classical term, "using money to make money", hold true. But since governments can't just literally make money, they (not just Malaysia) use debt (bonds) as leverage to make that money.johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-25020482024943083692018-05-26T23:37:01.755+08:002018-05-26T23:37:01.755+08:00That's called Forced Sale or Garage Sale if BN...That's called Forced Sale or Garage Sale if BN had continued with it's Najibnomics for another 5 years.<br /><br />PH should do a Jumble Sale of Govt. assets to ease it's cash flow. Malaysia can afford it.Nostradamushttps://www.blogger.com/profile/02789487637995258318noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-66151228161727934712018-05-26T23:13:38.259+08:002018-05-26T23:13:38.259+08:00Najib says 'surprised' how Pakatan 're...Najib says 'surprised' how Pakatan 'restored' economy in just over two weeks<br /><br />KUALA LUMPUR, May 26 — Datuk Seri Najib Razak took a jibe at the Pakatan Harapan government today, zooming in on Finance Minister Lim Guan Eng’s comments on Malaysia’s strong economic fundamentals.<br /><br />“I am surprised at how fast the country’s economy changed from a supposed crisis and failure before GE14 to a stable and strong economy.<br /><br />“All in just over two weeks?” the former prime minister said in a tweet.<br /><br />Finance Minister Lim had said yesterday that Malaysia’s economic fundamentals were still intact, and that the new government would strive to make the country’s fiscal position more sustainable.<br /><br />“In the finance sector, for example, it is still strong and banks are stable because of (having) high capitalisation and with low non-performing loans...and liquidity in the funds or capital market are high,” he said.KTemochttps://www.blogger.com/profile/09951253039042572381noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-80002672640603592662018-05-26T22:59:16.275+08:002018-05-26T22:59:16.275+08:00https://en.m.wikipedia.org/wiki/Creative_accountin...https://en.m.wikipedia.org/wiki/Creative_accounting?wprov=sfla1<br /><br />"Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate from the spirit of those rules. They are characterized by excessive complication and the use of novel ways of characterizing income, assets, or liabilities and the intent to influence readers towards the interpretations desired by the authors. The terms "innovative" or "aggressive" are also sometimes used. Other synonyms include Cooking the books"<br /><br />Very accurate description of Najib Gasak. Monsterballhttps://www.blogger.com/profile/05482725674818312298noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-27464361190011218332018-05-26T22:47:20.327+08:002018-05-26T22:47:20.327+08:00International Accounting rules allow you to differ...International Accounting rules allow you to differentiate between short-term liabilities and long-term liabilities, and report them as such.<br /><br />Long-term liabilities are still real , but are unlikely to cause any crisis.<br /><br />But it is not permissible to Not report it at all.Monsterballhttps://www.blogger.com/profile/05482725674818312298noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-32079218425434929812018-05-26T22:45:03.194+08:002018-05-26T22:45:03.194+08:00Exactly the kind of Creative Accounting Bullshit w...Exactly the kind of Creative Accounting Bullshit which allowed Najib Gasak to pretend the 1MDB problem is "solved" , except it is not. <br />The liabilities are payable in Billions of Cold Hard US Dollars, but don't get reported as Liabilities.<br /><br />The "UNITS" that 1MDB showed as assets are WORTHLESS. Not capable of being cashed for a single Sen.<br /><br />You are most welcome to volunteer to accept your next Salary to be paid in 1MDB "units". <br /><br />Monopoly money worth more than that.Monsterballhttps://www.blogger.com/profile/05482725674818312298noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-17766092828831537952018-05-26T20:51:42.613+08:002018-05-26T20:51:42.613+08:00If follow your way, the next government taking ove...If follow your way, the next government taking over will find that there's no longer a country to rule over, since the current administration would have sold off everything to foreign powers.johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-15604765875171622632018-05-26T20:49:15.674+08:002018-05-26T20:49:15.674+08:00Ask LGE go back to Accounting School and pass his ...Ask LGE go back to Accounting School and pass his Excel Calculation module before taking up the post of Finance Minister. A bit more sense with numbers will do him good.johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-40518109849737901252018-05-26T20:45:47.082+08:002018-05-26T20:45:47.082+08:00Your old school is circa 18th century. Ever since ...Your old school is circa 18th century. Ever since shares and stock market was invented back in the 19th, economics have been growing more & more complex. Nowadays, a debt may not be a debt and a profit may not be a profit. That's why there's World Bank standards set to standardise the definition of profits, losses, debts, and etc. All countries must report it the same way and hence that's the problem with LGE. He didn't learn about this before opening his big mouth and now having to tuck his tails back. Case in point, the USA has the world's largest debts and it'll take generations to pay it off in reality, but do the economist, banks, investors, companies, businesses, their rakyat worry about? <br /><br />Big NO. It's all about managing the debts at different times, and how do you know if they're doing it right? Through the ratings companies (Moodys, S&P, Fitch, etc) and World Bank reports. <br /><br />The market was spooked because they realised the new Finance Minister has no idea what he's talking about and took to bail before their investment goes under. Simple as that.johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-5144259175662649442018-05-26T18:23:15.365+08:002018-05-26T18:23:15.365+08:00CK = Hew Kuan Yau, wakakakaCK = Hew Kuan Yau, wakakakaKTemochttps://www.blogger.com/profile/09951253039042572381noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-86525975264788149802018-05-26T18:12:21.075+08:002018-05-26T18:12:21.075+08:00Typical anmokauxai!
Wakakakakaka……… write somethi...Typical anmokauxai!<br /><br />Wakakakakaka……… write something sensible lah if yr England is so queenly.<br /><br />When did pigeonholing writings becomes yr side income? Since ge14?CKhttps://www.blogger.com/profile/16423926161945889390noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-52761569440290629902018-05-26T17:10:54.039+08:002018-05-26T17:10:54.039+08:00I am very Old School in my Financial management.
I...I am very Old School in my Financial management.<br />In my company, people who try to do Creative Accounting get sacked.<br /><br />A Liability is a Liability is a Liability. You do your very best to solve a Liability problem, but you Never , Never hide it.<br /><br />What Najib Gasak did may have been borderline legal / illegal - that is for the Court to decide...akan dating. But in my book it is Creative ACCOUNTING. .<br /><br />What else in Malaysia's key Financial numbers was Cooked ? <br /><br />Goreng Pisang ?<br /><br />THAT is why the market is spooked.Monsterballhttps://www.blogger.com/profile/05482725674818312298noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-56824378994453399312018-05-26T16:09:06.044+08:002018-05-26T16:09:06.044+08:00Maha-nomics is cronycentric. What you're sugge...Maha-nomics is cronycentric. What you're suggesting the same kinda crappy musical chairs of back and forth private-GLC ownership game that was played with MAS, MISC, Boustead, Proton, Perwaja, and every time the rakyat loses in this game while Maha-nomic cronies became instant billionaires.johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-14603118421070368322018-05-26T16:02:21.752+08:002018-05-26T16:02:21.752+08:001MDB debts were transferred to MOF Inc under advic...1MDB debts were transferred to MOF Inc under adviced by PAC, the same committee that Tony Pua was in. At the same time these assets were monetised to repay back the loans. The markets wasn't spooked by Najib-nomics but it was spooked by your Finance Minister's miscalculated Excel-nomics.johnhttps://www.blogger.com/profile/17608240470483530143noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-80602719377696165532018-05-26T15:48:51.626+08:002018-05-26T15:48:51.626+08:00I thought he is LKS speech writer? I thought he is LKS speech writer? Unknownhttps://www.blogger.com/profile/03431352248378490137noreply@blogger.com