My comments : Never mind lah. Whats a few hundred million US Dollars among friends?
- Felda Global Venture's 2015 earnings more than halved
- FGV net profit RM117.12 m for 015
- less than half of RM325.48 m in 2014
My comments : So FGV's earnings are less than half of last year. And was last year's earnings already half of the previous year? How about FGV's cash flow? Do they have money to pay their fruit suppliers? Pay hutang etc? Pay salaries? Lets see what happens this year.
3.
"In a bid to stay afloat amid low crude oil prices, Petronas Group has announced that it would be laying off 'under 1,000' of its employees under a restructuring exercise.
My comments : I think this is the first batch. There will be more lay offs in Petronas.
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3. http://www.thestar.com.my/business/business-news/2016/03/01/tough-two-years-for-petronas/
Tough two years for Petronas
Petronas faces daunting challenges over next two years
Tough two years for Petronas
Petronas faces daunting challenges over next two years
undertakes several big projects planned several years ago
cash flow unlikely to cover capex commitments said CEO Wan Zulkiflee
reductions in capex and opex of RM50bil over four years
cash flow unlikely to cover capex commitments said CEO Wan Zulkiflee
reductions in capex and opex of RM50bil over four years
starting with RM15bil to RM20bil this year
However Petronas committed to paying RM16bil dividends to Govt
Petronas may tap debt market to finance its capex requirements.
defer Kasawari and Sepat gas fields, and second floating LNG project.
Petronas pushing ahead with big-ticket mega project in British Columbia, Canada
we may also need to raise borrowings
(My comments : Effectively you are borrowing money to finance the RM16b dividend payments to the gomen !! Is this business acumen or just being loyal ??)
Petronas pushing ahead with big-ticket mega project in British Columbia, Canada
timeline and commitments to these projects reviewed continuously
Canadian venture has yet to come to final investment decision
estimates put total cost at up to US$30bil upon completion.
“We will review our current cost projections (for Canada)
“We will review our current cost projections (for Canada)
cash reserves of RM137bil ensured gearing remains low at 16%.
Petronas can achieve gearing of up to 35%
My comments : The Canada project requires US30b or over RM123 billion. Petronas is responsible for a substantial portion. This is an "estimate". The oil people say the figure is actually higher.
Aid for 25kg-bag removed from today
subsidy for 25kg-bag wheat flour will be taken off from today
subsidy for 25kg-bag wheat flour will be taken off from today
lead to more costly food items like roti canai, noodles
25kg-bag of flour increase from RM33.75 to RM42
prices of food like roti canai and local kuih affected by subsidy removal.
Domestic Trade Minister and sec-gen declined to comment
.
25kg-bag of flour increase from RM33.75 to RM42
prices of food like roti canai and local kuih affected by subsidy removal.
Domestic Trade Minister and sec-gen declined to comment
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My comment : That is an almost 25% price increase !! Prices of roti canai and other essentials will shoot up again. Here is a Mat Maslan suggestion : please make your own roti canai.
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