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N37 Batu Maung

Posted: 26 Apr 2016 07:27 PM PDT

N37 Batu Maung


Posted: 26 Apr 2016 12:45 AM PDT

 Semua di jemput menyertai Program Motivasi Magnet Diri bersama Saudara Amin Idris anjuran Pusat Khidmat DUN Batu Maung N37.


Anwar Ibrahim

Posted: 26 Apr 2016 07:19 PM PDT

Anwar Ibrahim

Ringgit falls most in two months as 1MDB default drags on stocks

Posted: 26 Apr 2016 12:19 PM PDT

Bloomberg (26 April 2016)

KUALA LUMPUR: The ringgit dropped the most in two months and stocks were set for the lowest close since mid-March as troubled state investment company 1Malaysia Development Bhd (1MDB) confirmed it's in default after missing an interest payment on bonds.

The company is withholding a US$50 million payment on US$1.75 billion of dollar notes amid a dispute with International Petroleum Investment Co (IPIC), Abu Dhabi's sovereign wealth fund that is the co-guarantor of the bonds maturing in 2022, according to an e-mailed statement. The deadline was on Monday. The cost to insure Malaysia's government debt rose to the highest level in seven weeks and ringgit yields surged.

"At the margin, this has to be negative for the ringgit," said Nizam Idris, the Singapore-based head of strategy for fixed income and currencies at Macquarie Bank Ltd. "Obviously, contingent liability on the government as well as rating risk is there."

The currency declined for a fourth day, its longest run of losses since Nov 2, according to prices from local banks compiled by Bloomberg. It fell 0.9% to 3.9420 per dollar as of 1:10pm in Kuala Lumpur, the biggest slide since Feb 19 and taking its drop in April to 0.9%. The five-year bond yield rose five basis points to a six-week high of 3.49%

“Whilst 1MDB has the funds to have made the interaest payment, it is 1MDB's position, as a matter of principle, that it was IPIC's obligation to do so,” the company said. “Until IPIC accepts that all obligations have been met, 1MDB is obliged to withhold payments and will seek legal recourse and resolution.”

1MDB Bonds

Five-year credit-default swaps climbed four basis points to 167 basis points, prices from Nomura Holdings Inc show. That leaves the measure set for its highest close since March 8, according to data provider CMA.

The price of 1MDB's 4.4% dollar bonds due in 2023 dropped 4 cents on the dollar to 87 cents, Bloomberg-compiled data show. The yield surged 73 basis points to 6.89%. The three-year sovereign note yield climbed five basis points to 3.32%, the steepest increase since Feb 24.

The FTSE Bursa Malaysia KLCI Index of shares retreated 0.7%, which was also the biggest loss in two months.

The missed 1MDB payment triggered cross defaults on RM7.4 billion (US$1.9 billion) of the company's debt, according to the statement. The firm has been in dispute over its debt obligations to IPIC under an agreement reached in May last year. As part of the pact, the wealth fund said then it would assume obligations to pay interest due under US$3.5 billion of 1MDB bonds that it guaranteed. IPIC said this month that Malaysia's state fund was in default after failing to pay it more than US$1 billion in connection with a loan.

Standard & Poor's said in a e-mail it doesn't see any impact on Malaysia's A- rating, its fourth-lowest investment-grade ranking, from 1MDB.

Anwar: Belum terlambat runding pertembungan calon di S’wak

Posted: 26 Apr 2016 12:05 PM PDT

Malaysiakini- Kow Wah Chie (26 April 2016)

Bekas ketua pembangkang, Datuk Seri Anwar Ibrahim berkata ia belum terlambat untuk PKR dan DAP berunding mengenai pertembungan calon kedua parti itu dalam pilihan raya negeri Sarawak.

Dalam perkembangan yang sama, beliau turut melahirkan rasa kesal bahawa calon sekutu Pakatan Harapan terbabit dalam pertembungan sesama sendiri.

Anwar bagaimanapun menyeru mereka supaya terus bekerjasama bagi memastikan kemenangan.

“Saya kesal (ini berlaku dalam pilihan raya Sarawak),” kata Anwar ketika ditemui di Mahkamah Tinggi Kuala Lumpur hari ini.

Beliau ditanya mengenai pertembungan antara calon PKR dan DAP di enam kerusi dalam pilihan raya negeri Sarawak pada 7 Mei ini.

“Buat masa ini, saya mahu mereka terus bekerjasama untuk memastikan Pakatan Harapan menang.

“Masih ada masa bagi mereka untuk cuba berunding. Itulah yang terbaik,” katanya.

Calon PKR dan DAP akan bertembung di kerusi Mulu, Murum, Simanggang, Mambong, Ngemah dan Batu Kitang.

Anwar hadir di mahkamah hari ini untuk memohon kebenaran daripada Mahkamah Tinggi bagi merujuk kepada Mahkamah Persekutuan mengenai isu itu sama ada keengganan Lembaga Pengampunan untuk memberi keampunan kepadanya atas sabitan kesalahan liwat, boleh dicabar.

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