Budiman
Tony Pua said today that Syed Mokhtar’s group of companies have a combined debt of RM34.3 billion or more than 10% of all local currency outstanding corporate bonds as at 2011. These companies have a total cash and cash equivalents of RM7.8 billion as at May 2012. Can't brain that..the guy has a virtual monopoly in lots of stuff..Gardenia bread, sugar, Pos Malaysia taking over Penang Port ...etc and still be in debt
“Mastering modern technology is easy; even a Neanderthal can do it...” Besitai 2012
Budiman
Either way, Syed would not lose with the sudden riches from one right hand to the other leftover hand of debt.
TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
Let's eat 2 taste in facebook.com/zinglcious or let's face 2 place in facebook.com/alwinleader or view a place in youtube.com/alwinleader or www.propwall.my/alwinleader
Budiman
More to come from AI on Syed Sugary business - http://my.news.yahoo.com/surge-in-su...082253401.html
TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
Let's eat 2 taste in facebook.com/zinglcious or let's face 2 place in facebook.com/alwinleader or view a place in youtube.com/alwinleader or www.propwall.my/alwinleader
Budiman
You could say that this WSJ article [ “How Asia will fare if Europe cracks”] curated in MI is 'somewhat' relatedOriginally Posted by zinglicious
WSJ: Malaysia needs China’s help to weather euro storm
Quote:
" Trade-dependent Asian countries including Malaysia will take a major hit if the euro zone economy collapses and will require China’s aid to hobble along, according to the Wall Street Journal (WSJ).......Malaysia has bank loans from Europe equal to 20 per cent of its gross domestic product (GDP), which it said was high for the region.....if China doesn’t open the stimulus floodgates, that would mean less of a boost for its neighbours"
"Currencies would drop, shipping lanes would empty, and consumer and business loans would dry up, slowing down economies even further, the paper said."
Read the rest of article at MI Here
Budiman
Who wouldn't be in debt when all those takeovers are funded by borrowings? And there are no shortage of lenders.
"One man's running dog is another man's lapdog, but still a dog."
Budiman
You see the halims/tajuddins/amans on the streets living on hand outs. They are still cruising around in the latest cayennes and ferrati's
Budiman
Lenders would be delighted to lend money to them because when they can’t pay which is always the case… the gomen will repay the loan on behalf of them using my money and your money….. And there are no shortage of lenders.
Budiman
The amount of debt is just mind-boggling
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