MCA当自强 !

MCA 当自强 !

你在做，我们正在看 !

MCA己不是华社首选 , 反腐败成为振兴的唯一途径

搞分裂，就可能选民放弃了

LionCor - The Mkt reaction that puzzle me

LionCor & Lion Div has announce their Qtr Results yesterday evening.

Both has suffered big losses of few hundred millions for the 4th Qtr. (Apr-Jun'09)

LionCor NTA has reduced to 28sen only.

BUT the market seems ignore this negative news & LionCor mkt price still stood around 41 sen.
same as yesterday closing.

WHY THE MKT STILL GIVING LIONCOR 41 SEN VALUATION AGAIST IT'S NTA OF 28 SEN ONLY ?

THE WORSE IS LIONCOR IS LIKELY TO CONTINUE ITS BREEDING FOR THE NEXT 1 OR 2 QTR.

IS THERE ANY SPECIAL REASONS THAT WE DONT KNOW ?

STEEL COUNTER- WHICH ONE IS VALUE BUY

Which one offer the best Value, at the cheapest price !

Maybe the following statistic will tell you more:-

Steel Counter/Mkt price@27/8/09/ NTA / Price/NTA ratio / latest Qtr EPS
1) Ann Joo-- /----------2.27-------/ 1.69 /----- 1.34-------- / 0.44 sen
2) Masteel --/--------- 0.91------- / 2.02/ ------0.45------- / -1.01 sen
3) CSC----- /--------- 1.06------- / 1.88 /---- 0.56--------/ 2.53 sen
4) Kinstel ---/--------- 0.945------ / 0.81 /----- 1.17-------- / -0.86 sen
5) Choo Bee / --------1.60 -------/ 3.37 /---- 0.47-------- / 6.16 sen
6) LionCor / -----------0.41--------/ 0.28 / -----1.46 --------/ -21.39 sen
7) LionDiv / -----------0.555-------/1.83 / ------0.30-------/ -25.97 sen
8) LionInd /-----------1.59---------/3.83 /------0.42--------/ -11.07 sen




(Picture: Penang Street)

PKFZ, 隆雪华堂：勿让政争模糊肃贪

自贸区牵扯千万政治献金疑云 隆雪华堂：勿让政争模糊肃贪

Malaysiakini.com 8月26日 下午 3点41分

针对巴生港口自贸区计划近日来牵扯出千万政治献金疑云、诽谤诉讼等发展，隆雪华堂认为，尽管延伸出错综复杂的内情，但“严惩贪渎”才是整起事件的本质，而非仅止于特定人士的恩怨关系。

隆雪华堂会长陈友信发表文告说，如果被这些政争模糊议题焦点，只会形成弄巧成拙的“稀释效果”，无助于凝聚民间社会打击贪污的吁求。

巴生自贸区的最初构想，是把位于我国半岛西南部的巴生港口，发展为全国货运中心和区域船只货运中心。据有关稽查报告披露，这项原本估计成本是19亿 5700万令吉的计划，若无法如期摊还贷款，到了2051年将飙升至124亿5300万令吉；同时所涉及的弊端，包括管理不当、秘密交易、利益冲突及透明 度不足等问题。

债留子孙恐拖垮国家经济

隆雪华堂说，虽然错误的决策比贪污更严重，它确已犯了“祸延子孙”、“债留后代”两大错误，长此下去，唯恐拖垮国家经济。

隆雪华堂强调，“反贪”是民间社会的普遍共识，在国家稽查局、总检察署、证卷交易所等国家监管机构无法彰显正常功能后，国人已把最后一线希望寄托在反贪单位。

“它们是民主体制内最后一道自我校正的防线，须尽速针对稽查报告列出涉及利益冲突的关键人物和公司，并且公正、客观、勇敢的调查清楚，务求还原事实真相。”

“对于我国交通部勇于公布巴生自贸区的调查报告，隆雪华堂表示赞赏和肯定，并认为此举有助于树立官联公司运作透明化的风气。”

吁涉案各造勇于面对司法

隆雪华堂呼吁涉案的各造勇于面对司法，不要意图累积政治能量，一再模糊焦点。

隆雪华堂强调，反贪腐要取得成效，最重要的是决心，人民期待当局的只有“廉”、“能”两个字，政府要让人民“安居乐业”，并且以“严惩贪渎”为其施政主轴之一，以遏止违法舞弊，持续打击贪渎不法，以展现清廉执政的决心。

PKFZ SCANDAL

Malaysianinsider.com, KUALA LUMPUR, Aug 26 — A deepening financial scandal at a multibillion-dollar port development project is offering a behind-the-scenes look into the close ties between business and politics in Malaysia.

The mudslinging between senior politicians in the ruling coalition over the fiasco at the Port Klang Free Zone (PKFZ) is also giving Malaysians front-row seats to the strife besetting the Barisan Nasional (BN) government since it lost its two-thirds parliamentary majority in last year's general election.

“This whole thing is giving the opposition the ammunition to attack the government,” said a minister from Umno.

Like several other ruling-party politicians, this minister said the scandal — which has forced the government to bail out the project and stand by borrowings estimated to be in excess of RM10 billion — presents a major dilemma for Prime Minister Datuk Seri Najib Razak.

Unless the public spat is settled quickly and parties behind the huge losses at the scandal-ridden port project are held responsible for criminal negligence, Datuk Seri Najib's bid to revive his BN government's appeal with Malaysians is likely to face a major setback, government politicians said.

While financial bailouts, such as the rescues of scandal-tainted state-owned Bank Bumiputra and tottering steelmaker Perwaja Terengganu, were common during the 22-year rule of former premier Mahathir Mohamad, analysts say the scandal at the port comes at a time when the Malaysian public is growing intolerant of such abuse.

“I think the government needs to show that there will be no cover-up because the amounts here are huge. In these tough economic times, public anger will only be on the rise,” said the Umno minister, who asked not to be named.

It will not be easy, however, to investigate the PKFZ thoroughly, argue political analysts, because key protagonists in the row are major powerbrokers in the BN government.

Datuk Seri Tiong King Sing, a senior politician Sarawak, is the majority shareholder of Kuala Dimensi, the private company that built the port project after selling the land for the construction site to the government for a huge profit.

Shortly after Kuala Dimensi was singled out in a special audit report for billing discrepancies of close to RM1 billion, Tiong hit back with allegations that his company had provided the use of a luxury jet and donated RM10 million in political funding to Transport Minister Ong Tee Keat, who has been spearheading the probe into the financial shenanigans at PKFZ.

Datuk Seri Ong, who is president of the Malaysian Chinese Association (MCA), the ruling coalition's second- most senior party, has sued Tiong and insists that he did nothing wrong. But the allegations have nevertheless hurt his standing in the MCA, where he does not enjoy widespread support and is fighting a potential challenge from his deputy Chua Soi Lek.

In an apparent bid to distance the party from Ong's troubles, MCA treasurer Tee Hock Seng has said the party did not receive any funds from Tiong. He added that MCA “party leaders are not encouraged to accept donations in their personal capacity and all donations to the party must be made directly”.

The free-trade zone project began as a joint venture between the Port Klang Authority and the promoters of the Jebel Ali Free Trade Zone in 1999 to attract foreign investments to the port.

The land from the project belonged to Kuala Dimensi, which acquired the property in the 1990s for RM96 million, or roughly RM3 per sq ft.

The land was subsequently sold to the Port Klang Authority in 2002 on a commercial basis, for RM1 billion, or roughly RM25 per sq ft, government documents show.

The port authority later awarded Kuala Dimensi sole rights to develop the free-trade zone, which has been hit by cost overruns and mismanagement. — The Straits Times

You Have Our Full Support! President Ong Tee Keat

The Malaysian is watching how President MCA Ong Tee Keat fight against Corrupted politision in his effort to probe PKFZ.

The Malaysian/ Chinese Community will fully support President Ong in his war against corruption.

If we have to choose one from Ong & Dr. Chua (MCA Vice President), The Chinese Community will pick President Ong. ( No problem in sacrifice Dr. Chua)

WHO ELSE OTHER THAN PRESIDENT ONG IN MALAYSIA THE COURAGE TO FIGHT AGAINST CORRUPTED FORCES
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Umno aims to oust Tee Keat, says Jui Meng

Malaysianinsider:

PERMATANG PASIR, Aug 24 – Former MCA vice-president Datuk Chua Jui Meng dropped hints that embattled Datuk Seri Ong Tee Keat’s position as party president is under threat, insinuating at an ongoing conspiracy by Umno to oust him.

Chua, who quit the Chinese party to join PKR, told some 500 people in a ceramah here that many Umno leaders are unhappy with the way Ong is trying to expose the RM12 billion Port Klang Free Zone (PKFZ) scandal which, he alleged, would implicate many leaders from the dominant Malay party.

“Have you seen the prime minister coming out to defend Ong? Have you heard of the deputy prime minister defending Ong on the PKFZ scandal? Or were there any other Umno leaders, for that matter, that have defended Ong on the issue? No,” said Chua.

“This never happened before. Last time, there was this strong camarederie where leaders in Barisan Nasional (BN) would protect each other but this has not happened. The president of the second biggest BN component party is attacked and no one from Umno has come out to defend him,” added Chua,

He said the present situation, with BN component parties showing lack of cohesion and divided along racial lines, has caused disquiet among the people, especially the Chinese community.

This, coupled with widespread rumours among the ruling coalition’s inner circle that BN president Datuk Seri Najib Razak and deputy president Tan Sri Muhyiddin Yasin are dissatisfied with Ong’s presidency, preferring his deputy Datuk Seri Chua Soi Lek instead to lead the Chinese-based party, have undermined Ong’s position.

“All this shows that Ong’s claim that he is under attack, internally and externally, is true,” Chua noted.

In recent weeks, the MCA president has also found himself locked in between two battle fronts from within the party and BN.

Ong had worked hard to build up an image of being clean and transparent but his reputation is now in tatters following Datuk Seri Tiong King Sing’s allegations about a large donation and rides on private jets, and his position as party president is considered shaky with MCA deputy president’s supporters expected to push ahead with plans to call for an EGM to remove him.

Tiong is CEO of Kuala Dimensi Sdn Bhd (KDSB), the main developer of PKFZ and whose company is under investigation by Ong’s ministry. Tiong had dropped a bombshell when he claimed that he had made a RM10 million donation to Ong “for MCA party purposes”.

Ong had also confirmed that the party’s treasurer-general Tan Sri Tee Hock Seng has been called up by MACC regarding the RM10 million donation by Tiong.

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Get Rich Quick Scheme

Lately i have been told by a few friends about some business opportunity, one of it is a business of sheep farm for milk, the other one is CAFE business.

They all have the same business structure:-

1. Ask you to invest in the business, few thousands for a membership.


2. They will pay you very high dividend every months. they claim it is a very profitable Biz.


3. You entitle to recruit/introduce member, the more member you introduce, the higher money you will get.


4. The company main focus is to get more members to joint them, the actual cash flow is coming from the membership fees, not the income from running the Biz.

STUDYING THE ABOVE FACTORS, IT IS NOT DIFFICULT TO GET A CONCLUSION:-

THIS IS A GET RICH QUICK SCHEME!

EVERYONE THAT JOINT THEM IS HOPING TO EARN A FORTUNE IN SHORT TIME, THEY ALWAYS BELIEVE THAT THEY WILL NOT BE THE ONE WHO LOSE MONEY.

THEY WILL TRY TO BRING IN MORE NEW MEMBERS SO THAT THEY WILL GET RICH QUICK, THOUGH THE MEMBER THEY BRINGING IN MAY BECOME THE VICTIM LATER.

A SCHEME LIKE THIS WILL NOT LAST LONG.

WHY SACRIFICE YOUR RELATIVES & FRIENDS FOR OWN BENEFITS ?

(PICTURE: GEORGETOWN, PENANG ISLAND)

FD Depositers- What You Can Do To Max You Money

When the economy has hit the bottom & start to recover,

When the interest rate has reach the bottom & still at the bottom,

The risky assets will now become not so risky & appear to be rewarding,

The FD is not safe anymore if the assets price rebuke the trend & turn upward. You will only getting a negative real return on your FD.

You have the following choices:-

1. Buy shares, if you know how to pick a good under value stock.
2. Buy 1 Malaysia Fund, if you know nothing about shares, and dare not to take risk. This is safe because it's fixed price fund at RM1.00, you will never lose & stand a better chance to earn returns higher than FD rate.
3. Do nothing, remained 100% in FD & get negative real returns on your hard earned money. (Picture : Queensbay, Penang )
   

A Big Mistake IF Committed High Debts at Young Age

Financial Planning must start at young age if you want to achieve financial freedom earlier.

When young, the priority should be learn Investing, save more & Invest.

No financial planning is bad, but if you committed high liabilities at young age, this is worse than no planning.

IF you have just started working & earn a salary that barely enough to cover your monthly expenses, you are making a BIG mistake if incurred big DEBTS by buying a new cars & a house with minimum downpayments at young age.

You will end up incurred a huge liabilities owing to Banks, on top of daily expenses, you have to pay monthly installment & interest from your salary. Nothing left after all this expenses, means no saving for YEARS untill you finally settle your bank loans.( this will take you many years to settle, unless you are so capable that your promotions & increment beat the average salary earner)

It is advisable to avoid to purchase BIG ITEM like new car or house at young age, use the limited financial resources (salary) to save as much as possible, learn investing, invest your saving to earn extra income.

This investment income will be your second source of income, your employment salary is the major one. At some point of time, your investment income will grow & final overtake your salary as the major source of income.

Then this is time you can start to invest in House or purchse a better car without affecting your saving & personal wealth.

Income Vs Assets

Reading a book, the author stated that:-

We have already enter a century of 'not depending on income (salary)to earn, but earn base on ASSETS'

How TRUE!!

Those invest in PROPERTY & EQUITY will see their wealth grow faster in shorter time span.

PERMATANG PASIR BY ELECTIONS- MY VOTE

I WILL GIVE MY VOTE TO :

UMNO

The reason is simple:-

1. I oppose UMNO PAS Talk.


2. Oppose to Kedah's Pas latest unreasonable decisions.


3. A stronger Pas has shown it's ugly face on implementing 'islamic state'


4. Encourage by various reforms measures taken by Najib, though more actions on REFORMS are needed.

(PICTURE: PENANG GURNEY DRIVE)

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KUALA LUMPUR, July 31 — The PAS state assemblyman for Permatang Pasir in Penang, Datuk Mohd Hamdan Abdul Rahman, died this morning at the National Heart Institute here.
His death is likely to set off yet another by-election battle between Pakatan Rakyat (PR) and Barisan Nasional (BN).
It will be the eighth by-election for either federal or state seats since last year's general election.
Penang has become a stronghold for PR especially since it is the home state of Datuk Seri Anwar Ibrahim and DAP's Lim Guan Eng is the chief minister.
But the change of leadership in the federal government and Umno has given BN a boost, with the ruling coalition looking to have gained some momentum in its rivalry with PR.
In the recent Manek Urai by-election in Kelantan, which is an even bigger stronghold of PR, the PAS candidate scraped by with a wafer-thin majority.
Mohd Hamdan was a two term state lawmaker and was the former Penang PAS commissioner.
The 63-year-old leaves a wife and six children.
A Penang government official said Mohd Hamdan's body was expected to arrive in his constituency this afternoon for prayers and burial.
In the 2008 polls, Mohd Hamdan beat Umno's Ahmad Sahar Shuib by a majority of 5,433 votes.