AirAsia needs fund to reduce debts!

According to the Reuters report of 14 September 2009 …

“AirAsia is trying to raise fund of up to RM560 million by selling 400 million new shares via private placement to reduce its debts. Analysts in Malaysia said last month that AirAsia’s tight cash flow and high debt level was worrying given its commitment to fund aircraft deliveries. Last month it deferred the delivery of eight Airbus A320 aircrafts to 2014 from 2010, which analysts said signals potential over-capacity in the future.” Continue reading “AirAsia needs fund to reduce debts!”

Parliament Questions Time, 15 April 2009

Why was EPF so keen in investing in Air Asia shares?

PEMBERITAHUAN PERTANYAAN

DEWAN RAKYAT, MALAYSIA

DARIPADA     :   TUAN WEE CHOO KEONG  (WANGSA MAJU)

PERTANYAAN :   BERTULIS

TARIKH         :   16 Februari 2009 – 19 March 2009

Tuan Wee Choo Keong (Wangsa Maju) minta MENTERI KEWANGAN menyatakan jumlah saham Air Asia yang telah dibeli oleh Kumpulan Wang Simpanan Pekerja (KWSP) dan menyenaraikan butir-butir terperinci mengenai tarikh setiap urus niaga dan jumlah saham terlibat pada semua tarikh tersebut. Continue reading “Parliament Questions Time, 15 April 2009”

Your MP's Question of the Week #37

The Employees Provident Fund (EPF) is a scheme that ensures “savings for one’s old age” and has, to a great extent, enabled the rakyat to retire from their jobs with some peace of mind when the time comes. It is a highly benevolent scheme where the rakyat and their employers both contibute to its success. The government of the day, as trustee, must ensure its continuity and grow the fund with utter care for the long-term benefit of the rakyat. Continue reading “Your MP's Question of the Week #37”

Your MP's Question of the Week #31

EPF must be utilised for the sole benefit of the nation poor work force and not any other organisation.  It would appear that the Government is treating EPF as a financial ambulance for the stock market and certain selected GLCs. Last week the Government has utilized RM5 billion from EPF to bail out Valuecap in order to support the stock market. Second Finance Minister Nor Mohamed Yakcop has the cheek to give assurance that the RM5 billion loan given by EPF would reap profit. No one seems to know what Valuecap, a new corporate entity, is and who is behind this new entity. Continue reading “Your MP's Question of the Week #31”