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Tuesday, September 30, 2014

Abu Dhabi UNHAPPY if EPF allowed to vote on CIMB-RHB-MBSB merger

Abu Dhabi UNHAPPY if EPF allowed to vote on CIMB-RHB-MBSB merger
The Abu Dhabi government has formally reached out to the Malaysian government, expressing its concern about the Employees Provident Fund’s (EPF) right to vote in the proposed mega merger of RHB Capital Bhd (RHBCap), CIMB Group Holdings Bhd and Malaysia Building Society Bhd (MBSB).
“Sheikh Mansour (Zayed Al Nahyan) has sent a letter to the Malaysian prime minister on this,” a source familiar with the matter told The Edge Financial Daily.
Sheikh Mansour is the deputy prime minister and minister of presidency affairs of Abu Dhabi.
Abu Dhabi’s strategic investment company Aabar Investments PJSC owns a 21.2% stake in RHBCap.
Whether or not the EPF can vote in the mega bank merger has been a hot topic of debate in the industry.
The EPF is keen on voting in any eventual deal to protect its investments.
However, certain Bursa Malaysia listing rules prevent the EPF from being able to vote as it is a substantial shareholder of all three parties. It is the single largest shareholder of RHBCap and MBSB with its 41.5% and 64.6% stakes, respectively, and holds a 14.6% stake in CIMB Group.
RHBCap and MBSB have, at the EPF’s request, written to Bursa to put forward EPF’s request for a waiver from the listing rules.
The Edge Financial Daily reported on August 22, quoting sources, that the proposed merger scheme was for CIMB Group to sell its entire banking business to RHBCap and for the deal to be paid via an issuance of new RHBCap shares.
Under that scenario, the EPF’s vote is crucial because as the buyer of the assets and liabilities of another banking group, RHBCap only needs a 50%-plus-one share approval for the deal compared to the selling party, which would need a 75% vote.
As such, should the EPF abstain from voting, RHBCap’s other substantial shareholder — Aabar — will hold the trump card. With its 21.2% stake in RHBCap, Aabar will hold a 36.2% vote for or against the acquisition of CIMB Group’s assets and liabilities should the EPF abstain from voting.
Aside from the Middle Eastern investor, OSK Holdings Bhd also has a 9.9% stake in RHBCap and would hold an important vote as well.
It is no secret that Aabar could be a stumbling block to any merger, given that it is seeking a high price of RM12 per share for its shares in RHBCap.
It bought the shares in 2011 from sister company Abu Dhabi Commercial Bank (ADCB) for RM10.80 a share. However, sources said Aabar’s total investment cost is closer to RM12 a share as it has to take into account the interest expense to fund its investment. ADCB, owned by the Abu Dhabi government, made a tremendous gain from the stake sale to Aabar as it acquired the shares in 2008 at just RM7.20 apiece. RHB shares, which closed at RM8.87 yesterday, have not crossed the RM10 level in over five years.
In a recent interview with The Edge weekly, EPF chief executive officer Datuk Shahril Ridza Ridzuan pointed out that the fund has substantial stakes in over 100 companies in the Malaysian market, and hence, it is important for it to vote to protect its investments.
“If we cannot have voting rights in these institutions (big banks, plantations companies, etc) and they try to do deals with each other, it is very dangerous for us. [If there is] any merger in the banking sector, we will be cut out if we cannot vote because we own stakes in all the banks — Maybank, AmBank, etc — so what do we do?” he remarked.
In March last year, Aabar, which is 98.25%-owned by Abu Dhabi’s International Petroleum Investment Co, and 1Malaysia Development Bhd inked an RM18 billion strategic partnership to invest, via a 50:50 joint venture, in long-term sustainable economic and social projects.
These include investments in the Tun Razak Exchange and Bandar Malaysia.
It was also agreed, at the time, that Abu Dhabi develop a RM21 billion strategic petroleum reserve facility in Johor with the capacity to store 60 million barrels of crude oil and petroleum for the exclusive use of Abu Dhabi.
To date, however, it is not known how much of these committed funds have actually flowed into the country.
Two months back, The Malaysian Insider reported, quoting sources, that Abu Dhabi, through a special envoy sent to Putrajaya, made it clear that it might not proceed with these investments if the bank merger went through without considering the Middle Eastern nation’s interest. – The Edge Financial Daily

Peraturan Baru Cermin Gelap - JPJ Kena Kutuk Kaw2 Di Facebook.

Jaga2 korang semua. JPJ dah keluarkan undang2 baru dalam isu cermin gelap. Berikut adalah kadar ketelusan cahaya yang ditetapkan oleh JPJ. JPJ juga keluarkan senarai mereka2 yang tidak tertakluk kepada undang2 yang dirangka oleh JPJ.

Lihat ;

Dan. Yang menariknya di facebook. Respon pengguna. Perghhhhhh. Seronok gila kau aku baca. Kaw2 kena bahan.

Tengok ;





Akhirnya rakyat dah sedar yang JPJ neh lebih kepada buat duit aje. Itu sebab sibuk focus kat tinted dan no plat. Itula lubuk nak buat duit. Tak begitu ke JPJ? Bukan sebab keselamatan ke apa. Lagipun. Pegawai polis sendiri keluarkan kenyataan bahawa kegiatan jenayah tiada kaitan dengan tinted. Bahkan lebih banyak kenderaan dipecah masuk akibat tidak bertinted.

JPJ neh bodoh ke apa tatau fakta?

Takde link dengan PDRM untuk godek info dan buat analisa?

PADAN MUKA KENA BAHAN KAT WALL SENDIRI. Pula tue taknak menjawab. Pengecut nak mampos.

Antara komen terbaik yang aku petik dari laman fb rasmi JPJ. Dari Bang Wan. 

Bacalah. Macam biasa. JPJ no reponse. Petik salah seorang yang komen kat JPJ. Dia komen. JPJ neh kalau post apa2 selalu kena marah. KESIAN AKU TENGOK. 

WAKAKAKAKAAK...

PADAN MUKA KAU JPJ. RAKYAT MALAYSIA BENCI KO KOT.

HA HA HA

Baca komen Bang Wan ; 

Assalamualaikum warga Jabatan Pengangkutan Jalan Malaysia. Setelah berbulan lamanya berbincang mengenai cermin gelap dengan dihadiri oleh pakar2 hasilnya keputusan baru mengenai cermin gelap tak beza banyak dengan yang sebelumnya. Amat mengecewakan keputusan terbaru ini.

Mengapa Agong Sultan Menteri dan VIP lain dibenarkan bercermin gelap? Atas alasan keselamatan? Golongan2 ni kalau p mana Polis yang dilengkapi senjata setiap kali akan mengiringi Golongan ini kemana saja depa p siap tutup jalan. Adakah peragut beg yang pecah cermin kereta berani pecahkan cermin kereta golongan ni untuk meragut beg tangan? Cermin kereta golongan ini pun cermin kalis peluru jadi takat katok tu takkan pecah.

Tetapi kereta orang awam biasa terdedah pada risiko kerana nampak mana lokasi letak handbag dan barang2 berharga. Cermin kereta awam majoriti bukan kalis peluru. Ingat takat tinted cermin pecah tapi takkan hancur? Pencopek laknat ni ada cara tersendiri depa macamana nak kopak cermin kereta.

Malaysia beriklim tropika jadi dalam ertikata lain PANAS. Jika kebenaran untuk golongan ini bercermin gelap sebab nak bagi depa selesa awat kami orang awam tak perlu selesa. Biaq panas dalam reta saja ka? Bayangkan parking reta kat parking awam yang tidak berbumbung 30 minit pun bahang dalam kereta macam nak sama oven. Jangkamasa panjang boleh merosakkan interior dalaman kereta. Golongan ni takpalah sebab depa beli kereta rasmi guna duit rakyat dan jika depa beli kereta peribadi pun takpa sebab duit depa belambak tak macam kami ni golongan pertengahan dan bawahan.

Kalau golongan ini tau panas dan tak selesa begitu juga kami ni. Kami yang ada anak kecil ni kalau dok reta lama2 depa tak selesa panas sepasai, bahang kepanasan matahari lagi. Silau dek pancaran cahaya matahari. 

Saya minta JPJ tolong semak semula ketelusan cahaya ini. Logikkah kereta nak cermin gelap kena minta kebenaran JPJ sedangkan kereta ni kami beli siap bayaq cukai guna duit kami sendiri. Bukan dapat subsidi dari kerajaan pun. 

Janganlah bersikap golongan tertentu saja yang boleh cermin gelap. Kalau beginilah cara JPJ patutnya golongan seperti Agong Sultan Menteri VIP juga tidak dibenarkan bercermin gelap.

Tu tak kira lain ada setengah pegawai JPJ saya ulang ADA SETENGAH PEGAWAI JPJ yang bercermin gelap. Memang JPJ tidak membenarkan pegawai2 bercermin gelap tetapi realitinya reta depa juga bercermin gelap gila2. Takat keluar notis depa bawa reta lain atau nek motor p reja.

WHY IS PROBE TAKING SO LONG? Cops extend bail of PPS members for another month

The police have extended the bail of 154 Penang voluntary patrol unit (PPS) members, as well as two DAP elected reps over their involvement in the "illegal" organisation.
Bail was extended for another month starting today.
Seri Delima assemblyman R. S. N. Rayer, whose police bail was also extended with Sungai Puyu assemblyman Phee Boon Poh's, said all 157 of them will be reporting to the northeast district police headquarters in batches from today to Thursday.
He said the extension ends on October 29 and the police can only extend the bail up to three times.
"This is the first extension. After that, the police will have to decide whether to charge us or not," he said outside the district police headquarters in Jalan Patani this morning.
Rayer also said they have to wait for the police to inform them of the latest developments in the investigations.
"We are not sure why there is a delay. We just learned that the investigations have not been completed," he added.
Besides Rayer and Phee, 30 other PPS members turned up at the district police headquarters this morning.
It is understood that police bail for Tanjong MP Ng Wei Aik, who was also detained for his involvement in the unit, will be extended later. His bail ends on October 3.
On Merdeka Day last month, the police arrested members in the unit after they took part in a parade organised by the state. All those detained were released on police bail after their statements were recorded.
In the crackdown on the unit, Phee and Rayer were detained for their involvement in it. Phee is the state welfare executive council member and chairman of the PPS, while Rayer is deputy PPS chairman.
Ng, who is the unit's vice-chairman, was arrested three days later.
Chief Minister Lim Guan Eng, who was present at the district police headquarters' entrance to show moral support for the group, said the state government will continue to stand by the PPS members as they had served the community well.
"We will stand by them... we ask them to be patient while the police investigates," he said, adding that the state and the PPS's legal team were ready if the case went to court.
"We will fight for justice and truth in court. The PPS was set up by the state according to powers granted to the state."
Lim said the PPS was formed four years ago and encountered no problems. The unit even received cooperation from the police.
He said the state had documents showing this.
"Why is the PPS suddenly a problem now? Is it because it is multiracial and we have the support of all community members?"
He said the entire unit of more than 9,000 members should not be punished or demonised just because a few of them had made mistakes.
"We hope they will not be persecuted because of the Barisan Nasional government's political jealousy.
"The PPS members' contribution to society has been acknowledged and we hope we can bring this to court to defend the people who have done no wrong and give them justice."
Lim said since the incident on Merdeka Day, most PPS members have stood their ground and were eager to return to action. Only a handful of members have stopped serving in the unit.
Police action on PPS came after the unit sparked controversy when two of its members were accused of beating up a social activist at a Hungry Ghost Festival dinner in Farlim on August 17.
All three men, including the social activist, were charged with committing affray at a George Town Magistrate's Court earlier this month, but the damage to PPS had been done.
The alleged “assault” led the Pakatan Rakyat government's detractors to question the legitimacy of the state-funded unit.
Lim has argued that the unit was like the Village Development and Security Committees (JKKK), which did not require registration with the Registrar of Societies. But the authorities have deemed the PPS illegal.
Following the troubles faced by the PPS, the state has since suspended the unit's activities, which included aiding emergency response and community policing.
On a separate matter, Lim welcomed the action by the police to investigate a man who allegedly cheated a group of people of gold bars worth more than RM4 million.
He had highlighted the case and the plight of the 18 victims on Sunday. He said the suspect was formerly an Umno Youth branch and Gabungan Pelajar Melayu Semenanjung (GPMS) leader in Penang.
"I welcome state police chief Datuk Abdul Rahim Hanafi's statement that the police are looking at the case seriously.
"We are glad that the probe is 70% completed and the suspect had been called up. This is a good job by the police and a good development for the victims.
"The victims only want justice and hopefully also regain the RM4.2 million they lost in the gold bar transactions."
The suspect allegedly offered to buy gold bars from the group above the market price in October last year for over RM4.9 million. He issued them post-dated cheques for the bars, but the group could only cash in over RM710,000. –TMI

YES, MALAYS ARE REALLY LAZY - Ridhuan Tee backs Dr M's comments

YES, MALAYS ARE REALLY LAZY - Ridhuan Tee backs Dr M's comments
Former premier Dr Mahathir Mohamad had recently drawn flak with his scathing indictment on the Malay race, branding them, among others, as lazy.
And now Ridhuan Tee Abdullah has also broached the issue.
In his latest column published in Sinar Harian, the controversial academic said he did not wish to lend credence to the argument that Malays are not hardworking.
“But experience proves this, (they) want to be rich but are lazy to work. The Malays must take the step to change (themselves), if not they would suffer in their own land.
“The Malays are not only lazy, but forget themselves easily and their identity,” he added.
Therefore, Ridhuan said it comes as no surprise that numerous Malay companies now have non-Malay names.
“Back then it was Kedai Telekom, now it is called TM Point.
“In the past it was Bank Bumiputera, now CIMB, and there are many others,” he added, lamenting that Bahasa Malaysia is not given prominence in these GLCs.
Ridhuan said it appears as if using a Malay name is considered not commercial or “unglamourous”.
“The Malays must change, they chase after glamour. When I asked a Malay why you ‘merempit’ (indulge in illegal racing), he answered because he was challenged,” he said.
Posing a rhetorical question on whether the Malays are lazy, Ridhuan answered: “I guess not. Allah would not be fair if he made a particular race hardworking, and not the others.”
What must be changed, he added, is the attitude and mindset.
Citing the importance of ‘Emotional Intelligence” as a factor to succeed, he named Facebook founder Mark Zuckerberg and Microsoft’s Bill Gates as examples.
Ridhuan also said that he does not believe in stereotyping Malays as being lazy, or that other races are more hardworking and better at doing business.
“I have met people of other races who are also lazy,” he said.
Dad became rich because of Malays
Delving into his family history, the Chinese Muslim convert said his grandparents came from China with nothing and settled in a Malay village in Perak.
“Not long after that, our lives changed. With a little bit of capital saved up, my father opened the only grocery store in the village and became very rich.
“The wealth increased when the Malays became fond of buying on credit. When the debts could not be repaid, aide given by the government such as fertilisers, seeds for planting and so forth were sold cheaply.
“Some even pawned their land with my father. In the end, my father became very wealthy while the Malays were ‘temporarily’ rich,” he said.
“Just like bribery. Other races bribe the Malays, and the latter are drawn by the money put in front of them.
“When the case is proven, the Malay goes to jail, while the person who gives the bribe goes free and get rich with a not-so-significant an amount in bribe.” -M'kini

AKHIRNYA PAPAGOMO KANTOI!!!! ... AKUI DIRINYA ADALAH BEKAS KONSTABLE POLIS TRAFIK YANG KENA PENJARA 14 HARI SEBAB KES RASUAH RM400 BUDAK PENAGIH DADAH TEGAR!!!



Sebelum ini beriya iya menafikan dirinya adalak konstable trafik Balai Polis Ampang R/F 142863 yang kena hukum penjara 14 hari dan denda RM10,000 atas kesalahan meminta rasuah sebanyak RM400 dari seorang penagih dadah tegar.

Hari ini dalam afidavit bersumpahnya kepada Mahkamah Rayuan beliau mengakuinya secara bersumpah bahawa beliaulah individu berkenaan.

Alasannya ialah tidak mungkin dia Papagomo blogger lucah itu sebab ketika artikel m,engenai fitnah terhadap DSAI di paparkan di blognya dia masih merengkuk dalam penjara kerana kes rasuah.

Dia ingat dia bijak dengan memfailkan afidavit tersebut sebagai memperkenalkan bukti baru untuk menolak kes saman fitnah DSAI terhadap dirinya yang diarah bayar RM800,000 dengan kos.

Masih lagi ada macai-macai dan para pemimpin UMNO nak percayakan kata-kata penjenayah kes rasuah bekas banduan ni ke?

A CROOK IS ALWAYS A CROOK.

Wan Muhammad Azri Wan Deris, who has been identified as the blogger Papagomo, today failed in his application to introduce new evidence in his appeal in Anwar Ibrahim’s suit against him, in which he has been ordered to pay RM800,000.

This follows the Court of Appeal dismissing his application to introduce new evidence which included blog postings on the Papagomo website while he was serving a 14-day jail term in 2012.

The appellate court also dismissed Wan Muhammad Azri’s application to admit the same evidence in another suit filed by lawyer Syukri Razab.

Wan Muhammad Azri wanted to admit the evidence to show he is not the notorious blogger Papagomo.

Following this, Justice Alizatul Khair Othman ordered Wan Muhammad Azri to pay costs of RM500 each to Anwar and Syukri.

Teknologi - Backdoor.Padpin Godam Mesin ATM Bank



Sindiket penggodam mesin pengeluaran wang automatik (ATM) didapati menggunakan sejenis malware Trojan Horse dikenali sebagai Backdoor.Padpin yang hanya mensasarkan mesin ATM dengan membuka 'pintu belakang' sistem komputer terbabit.

Symantec Corporation  mendedahkan malware yang digunakan dikenali sebagai 'ulssm.exe..'.

'ulssm.exe..' adalah fail yang diaktifkan dalam sistem komputer berkenaan sebaik malware dimuat naik dan mula beroperasi.

Malware berkenaan akan memberi arahan untuk membuat pengeluaran wang yang masih terdapat di dalam mesin ATM yang digodam "Suspek" didapati membuka panel atas mesin ATM dipercayai tanpa menggunakan kunci, kemudian memasukkan satu cakera padat ke dalam pusat pemprosesan mesin itu yang kemudiannya akan 'reboot' sistem mesin ATM berkenaan," katanya malam tadi.

Maklumat yang diperoleh daripada jurutera bank mendapati sebanyak 40 keping wang boleh dikeluarkan dalam satu transaksi menggunakan cara berkenaan.

Backdoor.Padpin adalah sejenis malware dikenali sebagai Trojan Horse yang direka untuk menceroboh sistem keselamatan komputer dan berupaya melakukan tugasan tertentu.

Sebaik malware berkenaan dimasukkan, penggodam bukan saja berupaya memberi arahan menggunakan pad kekunci untuk membuat pengeluaran wang malah boleh menghentikan sistem penggera.

Backdoor.Padpin, yang mula dikesan pada bulan Mei 2014 turut berupaya 'memadam' dirinya sendiri jika gagal mengawal pad kekunci atau tempat pengeluaran wang.

CAN'T THEY PROTEST INTELLIGENTLY! Beer the mother of all vices - Muslims groups want Oktoberfest clampdown

CAN'T THEY PROTEST INTELLIGENTLY! Beer the mother of all vices - Muslims groups want Oktoberfest clampdown
KUALA LUMPUR - Muslims are taking aim at the annual Oktoberfest beer festival that begins here tomorrow, starting an online campaign opposing the month-long celebration they claim will “bring ruin” to the country.
Although the event is promoted to non-Muslims, several Muslim groups have urged their supporters to rally against the event and venues that serve alcohol as part of the festival.
“Beer is the mother to all vices. When people are drunk, a lot of issues will happen afterwards. It does not only involve [drinkers] but others will also suffer,” said the Facebook page Rakyat Malaysia Tolak Konsert Liar, which means “Malaysians Against Wild Concerts” in Malay.
The page, which has over 3,000 likes, posts the details of entertainment events that it describes as “wild” and condemns them daily.
The page also published a list of ten venues that will hold drinking parties as part of Oktoberfest from September 24 to October 12, some of them private, and asked its supporters to protest the so-called “vice dens”.
Its cause has since been picked up by Arus Baru, an online movement aligned with controversial Islamist group Ikatan Muslimin Malaysia (Isma).
“Which MP will voice out against this beer festival? What is our action as concerned Malaysians? Let’s protest!” said an update by Arus Baru, accompanied by photo of a big beer tent which is part of Guinness Anchor Bhd’s (GAB) event.
“Are we willing to let vices reign in our motherland?” asked another update, accompanied by a poster of Carlsberg Brewery Bhd’s celebrations
The poster, which features a Bavarian bar maid with her chest blurred out, has been shared by over 100 of Arus Baru’s supporters.
Isma also published an editorial by one of its activist yesterday, who complained that one of his family member had received an invitation to an Oktoberfest event.
Although conceding that the invitation came with a disclaimer saying Muslims should ignore it should they receive it, the activist said such automatic invitation has no place in Malaysia.
“The carnival was purely originating from the Bavarian culture, something that our country and people has zero historical connection to,” said the article.
“Drinking culture notwithstanding, blatant imitation of foreign heritage would still appear distinctly artificial and senseless, no matter how hard one tries.”
It also claimed that “events with religious origins” such as Halloween and St Patrick’s Day have become a facade to mask hedonism.
Oktoberfest is held annually in Malaysia with the two biggest breweries GAB and Carlsberg holding several drinking parties in major towns nationwide.
Oktoberfest was originally celebrated in Munich, Germany to accompany horse races, but has grown into “the world’s largest funfair”, attracting millions of visitors every year. -Malay Mail