YOURSAY 'Are they regulating contributors income to compensate dividends? Otherwise where does a income come from?'
EPF loaned RM55bil though gov't guarantee backing
Tailek: The auditor-general should have declared a thirteen debtors to whom a Employees Provident Fund (EPF) has loaned billions of contributors' money.
Obviously they have been cannot be declared since they have been probably GLCs (government-linked companies) or Umno-BN associate commercial operation groups. It creates you ill to a go through which such corrupt actions which by-pass Finance Ministry procedures have been still starting on.
The finance apportion should take shortcoming for this as well as let someone of more ability as well as integrity takes over. The EPF is apropos a single hulk Ponzi scheme.
FellowMalaysian: This is inconceivable - RM55.1 billion loans authorized though any supervision guarantees? This sounds similar to a mom of all cronies.
Imagine what colossal monetary implications this would have to a country's manage to buy even if only 10 percent of these companies were to default upon their payments? That would mean RM5.5 billion.
This positively did not imitate with a department's operation manuals for investments as no monetary institutions, either supervision or otherwise, in their right sense would lend such enormous sums though water-tight guarantees.
Can a endangered people greatfully highlight as well as bring forth this emanate immediately before it! incited out in to another inhabitant fiasco?
< br>Ashoka PJ: An EPF contributor starting broke due to credit label default or housing loan default as a outcome of unemployment or timorous worth of a ringgit, cannot repel his EPF contribution to save himself as well as feed his family.
But EPF can give cheap loans to GLCs as well as associate companies to save them from failure as well as have large profits from a hard-earned contribution.
EPF, where have been your priorities? you feel you should concede withdrawal to pure contributors names from being declared broke or blacklisted.
Quigonbond: Every singular EPF contributor, be it commercial operation or employee, should postponement as well as review this article, as well as consider a implications, if you haven't already. Your income has a intensity of starting down a drain.
They may still compensate your insignificant dividends. But future generations of contributors will bear a weight of abating returns.
It's not similar to this emanate of monetary control, or investment decision-making process, have never been called in to question. But they have always depressed upon deaf ears, since EPF is daddy's comment for BN.
Ferdtan: Not usually a RM55 billion loans, though additionally a quoted as well as unquoted shares EPF invested have been of concern.
Are these shares in their book reflected a scold stream marketplace value? If not, many millions or billions, following standard accounting practice, should be created off as losses.
Often you find which during year-end, many Bursa Malaysia shares will fire up artificially, thus saving EPF from essay off any below-par shares. We have been not certain either EPF have a palm in shoring up such share prices, though they positively have been large sufficient to have a poke to do so - if they so wish.
I'm not accusing a audit! or-gener al of not doing a great work, you unequivocally wish EPF can be audited by an general audit firm. Then usually can you overtly hold EPF is solvent as painted by them.
SMC77: The earnings upon loans as well as holds have been generally lower than equities.
We should subject about why:
1) a loan portfolio is concentrated for 15 borrowers
2) either EPF prices these loans correctly
3) EPF invests in loans instead of asking a borrowers to emanate bonds, which have better liquidity than loans.
Jimmy Ng: Is which a reason since a EPF is right divided removing employers to increase their imperative contributions from 12% to 13%?
Is it since they dug themselves in to a low hole as well as right divided have been perplexing to get themselves out through a additional 1%?
Rick Teo: Most peopl! e do not realised which EPF is already a broke institution. If it were to wind up today, it will not be means to compensate behind what it is due to a contributors.
They have mislaid so most income upon a investment which they have to keep upon removing a employers to increase their contributions so which they will have sufficient income to compensate those contributions which mature.
The people helming EPF have been nothing though Umno cronies as well as is usually interested upon how they can have a discerning sire from a EPF funds.
Has EPF ever open up a books so which a open can scrutinise their monetary reports to see if they have been done in a pure manner.
It is interesting to find out how they can compensate dividends of 5% when their lapse of a RM95 billion was usually 2.3%? Are they regulating contributors income to compensate dividends? Otherwise where does a income come from?
Joker: Earning ! RM2.52 b illion in seductiveness upon loans of RM95.79 billion (as of a finish of 2010) implies an seductiveness income of 2.6%.
This is lower than FD (fixed deposit) seductiveness rate, which is reduction risky. If EPF is ready to give out loans during such low rates, a supervision can finance a 1Malaysia home loan from EPF directly.
A loan of RM96 billion is sufficient to finance 240,000 home loans of RM400,000 each.
Mohd: Being an EPF contributor, you am not surprised. The EPF has been giving an normal 5.5% lapse over a past 10 years.
Now you know with contribution since they have been giving usually such low rate of return. Take in a unaccepted inflation rate of 4%, this have a genuine lapse during usually 1.5%.
Ksn: No consternation a EPF was a initial organisation which welcomed a extension of early retirement age to 60 so which contributors cannot repel their savings for another five years.
They have been gambling with a people's life savings for their early retirement as well as aged age. you suspicion EPF has a BOD (board of directors) as well as which a MOF (Ministry of Finance) is represented there.
Why has a complete BOD not sacked yet? MOF, get off your backside as well as act. What have been a traffic unions doing about it right divided which a story of a doggy loans have been in a open domain?
Manjit Bhatia: Is anybody astounded by this? This is not income which belongs to a state. It's a people's pension fund. But it is being used as well as abused for customarily political as well as crime purposes.
Umno-BN cronies as well as their patron political chosen have been feathering their own nests to a detriment of a inhabitant seductiveness as well as owners of which fund.
But I'll wager many Malaysians will simply whine as well as shrug their shoulders a! s well a s walk divided saying, "But what can you do? That's a government; I'm only a single person." The usual story.
Malaysians have been being robbed blind by Umno-BN as well as their cronies as well as their children. And you're starting to let them get divided with blue murder. Right?
Anonymous: you kne w this day would come. The sources for appropriation is shrinking. Petronas as well as EPF have been a final ones where a thieves as well as cronies can have discerning bucks though profitable a price. - Malaysiakini
Malaysians Must Know a TRUTH EPF loaned RM55bil though gov't guarantee backing
Tailek: The auditor-general should have declared a thirteen debtors to whom a Employees Provident Fund (EPF) has loaned billions of contributors' money.Obviously they have been cannot be declared since they have been probably GLCs (government-linked companies) or Umno-BN associate commercial operation groups. It creates you ill to a go through which such corrupt actions which by-pass Finance Ministry procedures have been still starting on.
The finance apportion should take shortcoming for this as well as let someone of more ability as well as integrity takes over. The EPF is apropos a single hulk Ponzi scheme.
FellowMalaysian: This is inconceivable - RM55.1 billion loans authorized though any supervision guarantees? This sounds similar to a mom of all cronies.
Imagine what colossal monetary implications this would have to a country's manage to buy even if only 10 percent of these companies were to default upon their payments? That would mean RM5.5 billion.
This positively did not imitate with a department's operation manuals for investments as no monetary institutions, either supervision or otherwise, in their right sense would lend such enormous sums though water-tight guarantees.
Can a endangered people greatfully highlight as well as bring forth this emanate immediately before it! incited out in to another inhabitant fiasco?
< br>Ashoka PJ: An EPF contributor starting broke due to credit label default or housing loan default as a outcome of unemployment or timorous worth of a ringgit, cannot repel his EPF contribution to save himself as well as feed his family.
But EPF can give cheap loans to GLCs as well as associate companies to save them from failure as well as have large profits from a hard-earned contribution.
EPF, where have been your priorities? you feel you should concede withdrawal to pure contributors names from being declared broke or blacklisted.
Quigonbond: Every singular EPF contributor, be it commercial operation or employee, should postponement as well as review this article, as well as consider a implications, if you haven't already. Your income has a intensity of starting down a drain.
They may still compensate your insignificant dividends. But future generations of contributors will bear a weight of abating returns.
It's not similar to this emanate of monetary control, or investment decision-making process, have never been called in to question. But they have always depressed upon deaf ears, since EPF is daddy's comment for BN.
Ferdtan: Not usually a RM55 billion loans, though additionally a quoted as well as unquoted shares EPF invested have been of concern.
Are these shares in their book reflected a scold stream marketplace value? If not, many millions or billions, following standard accounting practice, should be created off as losses.
Often you find which during year-end, many Bursa Malaysia shares will fire up artificially, thus saving EPF from essay off any below-par shares. We have been not certain either EPF have a palm in shoring up such share prices, though they positively have been large sufficient to have a poke to do so - if they so wish.
I'm not accusing a audit! or-gener al of not doing a great work, you unequivocally wish EPF can be audited by an general audit firm. Then usually can you overtly hold EPF is solvent as painted by them.
SMC77: The earnings upon loans as well as holds have been generally lower than equities.
We should subject about why:
1) a loan portfolio is concentrated for 15 borrowers
2) either EPF prices these loans correctly
3) EPF invests in loans instead of asking a borrowers to emanate bonds, which have better liquidity than loans.
Jimmy Ng: Is which a reason since a EPF is right divided removing employers to increase their imperative contributions from 12% to 13%?
Is it since they dug themselves in to a low hole as well as right divided have been perplexing to get themselves out through a additional 1%?
Rick Teo: Most peopl! e do not realised which EPF is already a broke institution. If it were to wind up today, it will not be means to compensate behind what it is due to a contributors.
They have mislaid so most income upon a investment which they have to keep upon removing a employers to increase their contributions so which they will have sufficient income to compensate those contributions which mature.
The people helming EPF have been nothing though Umno cronies as well as is usually interested upon how they can have a discerning sire from a EPF funds.
Has EPF ever open up a books so which a open can scrutinise their monetary reports to see if they have been done in a pure manner.
It is interesting to find out how they can compensate dividends of 5% when their lapse of a RM95 billion was usually 2.3%? Are they regulating contributors income to compensate dividends? Otherwise where does a income come from?
Joker: Earning ! RM2.52 b illion in seductiveness upon loans of RM95.79 billion (as of a finish of 2010) implies an seductiveness income of 2.6%.
This is lower than FD (fixed deposit) seductiveness rate, which is reduction risky. If EPF is ready to give out loans during such low rates, a supervision can finance a 1Malaysia home loan from EPF directly.
A loan of RM96 billion is sufficient to finance 240,000 home loans of RM400,000 each.
Mohd: Being an EPF contributor, you am not surprised. The EPF has been giving an normal 5.5% lapse over a past 10 years.
Now you know with contribution since they have been giving usually such low rate of return. Take in a unaccepted inflation rate of 4%, this have a genuine lapse during usually 1.5%.
Ksn: No consternation a EPF was a initial organisation which welcomed a extension of early retirement age to 60 so which contributors cannot repel their savings for another five years.
They have been gambling with a people's life savings for their early retirement as well as aged age. you suspicion EPF has a BOD (board of directors) as well as which a MOF (Ministry of Finance) is represented there.
Why has a complete BOD not sacked yet? MOF, get off your backside as well as act. What have been a traffic unions doing about it right divided which a story of a doggy loans have been in a open domain?
Manjit Bhatia: Is anybody astounded by this? This is not income which belongs to a state. It's a people's pension fund. But it is being used as well as abused for customarily political as well as crime purposes.
Umno-BN cronies as well as their patron political chosen have been feathering their own nests to a detriment of a inhabitant seductiveness as well as owners of which fund.
But I'll wager many Malaysians will simply whine as well as shrug their shoulders a! s well a s walk divided saying, "But what can you do? That's a government; I'm only a single person." The usual story.
Malaysians have been being robbed blind by Umno-BN as well as their cronies as well as their children. And you're starting to let them get divided with blue murder. Right?
Anonymous: you kne w this day would come. The sources for appropriation is shrinking. Petronas as well as EPF have been a final ones where a thieves as well as cronies can have discerning bucks though profitable a price. - Malaysiakini
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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