YOURSAY ‘Have to resort to borrowing from Peter to pay Paul, and now looks like they have to borrow from Paul to pay John’

Alert raised over another 1MDB RM3.6bil loan

Rupert16 : 1Malaysia Development Berhad (1MDB) has now become ‘1Mudah Bankrap’. Have to resort to borrowing from Peter to pay Paul, and now looks like they have to borrow from Paul to pay John, and then where is it going to end when the borrowings continue to snowball.

Surprisingly the PM thinks 1MDB is not a problem. I have no doubt that this is due to his spending more time in the air than on the ground.

Fair Play : PKR secretary-general Rafizi Ramli, relax man. September 2015 is still another eight months away - an eternity if you are a politician. Surely they can find more billionaires to 'rush' in line to be the first one to perform their 'national' service.

Ayam RM1...Bila? : There is Ananda, Francis, Vincent, Syed (and a lot more). Just borrow from them. The new CEO's job is very easy, no need any managerial skills, just need begging skills.

Freethinker : No worries. Just take another loan and settle the RM3.6 billion while the next due date will be extended till next year. They going to do the same till Pakatan takes over and blame it on Pakatan for the bankruptcy of this company, leaving the people to bear the debt.

RCZ : 1MDB CEO Arul Kanda Kandasamy where are you, where are your comments and where is the promise of transparency with photos of you standing next to ministers who are proud that you are non-Muslim? Have you no more voice and are shocked at the hole you have found in 1MDB?

Once again we are lied to with absolutely no conscience or responsibility by anyone in the government. All this mess just happens and it is due to no one. This is what Malaysia has become and what the people hate.

Lee Hup : Well, there is the Banking and Financial Institutions Act (Bafia) confidentiality agreement with the banks over loan details and it is very safe to say that the sales and purchase agreement between 1MDB and Ananda Krishnan is private and confidential (P&C).

That's why 1MDB can only keep quiet and get bashed over the impairment of assets due to the Powertek plant not being renewed and the so-called ‘default’ (not really default but an extension) of the RM2 billion bridging loan.

Shibboleth : This scripted scheme is good for a movie production: First, the power plant was sold to 1MDB by Ananda Krishnan (AK) for a handsome profit; now AK lends money to 1MDB for a handsome interest. Eventually, in default of the loans 1MDB sell the same asset at a handsome discount to AK. Logic or not?

Kit P : Deutsche Bank... that is a German bank, and 1MDB will not be able to leverage on Putrajaya arm-twisting Bank Negara and local banks to go easy on the loan repayment.

Regardless whether 1MDB is intended for long-term benefits or short-term benefits, or whether it is meant to benefit the country or benefit cronies, a loan repayment due is a loan repayment due.

How is 1MDB going to repay its loan? Using taxpayer funds is the worst possible answer.

Anonymous_2015 : I'm sure 1MDM (sic) have their own strategy how to settle their loan and debt problem. With a newcomer Arun... I believe 1MDB already identified the solution that they should take make Rafizi and (DAP’s) Tony Puah (sic) shut up... but pls give them time to settle down.. Even Tony Puah in Singapore also went bankruptcy but i understood why... Because Tony Puah just know how to talk like a parrot but do not know how to perform.

Siang Malam : Notice how those BN cybertroopers attack Rafizi Ramli and Tony Pua personally as stupid, blur, etc but are unable to address the issues raised by them? So who are the stupid ones here?

Fair&Just : Oh, April is before September by five months. Can use the goods and services tax (GST) to cover up.

Let cool heads prevail on Kidex

KJ John : Thanks, former MPBJ councillor Derek Fernandez for clarity of thought and also for highlighting most important points. For me this is always a legal agreement between the PJ residents and the state of Selangor.

If they cheat us; we have to take action, and we have to make ours also legal actions to stop this abuse of modern citizenship and payment of taxes by residents.

Fair Play : Look at it this way. If Pakatan (in this case, Azmin Ali) recant on their avowed promise, they could kiss goodbye to Putrajaya permanently. This is even more so in the light of the possibility that Anwar Ibrahim might be removed from the scene.

And MB Azmin Ali would enter Selangor state government records as the shortest serving MB with a 0.80 term. Khalid Ibrahim took the other 0.20 term before he was removed.

Abasir : Thank you, Derek, for providing much needed clarity on an issue that's being clouded by innuendo, half-truths and downright lies. Pakatan should, together with Umno, realise that the people of Petaling Jaya have zero tolerance for either deceit or incompetence.

In your next piece, you should provide details of how these projects came about when it known that neither the Highway Planning Authority, the Transport Ministry nor the Economic Planning Unit (EPU) has ever had a master plan for the development of highways in Malaysia.

Basically : What is telling though is that Petaling Jaya MCA is screaming at Pakatan for not rejecting the highway, when it is rightly pointed out that MCA's big brother Umno signed the deal with its kawan-kawan (friendly) company in 2012.

The only person who can cancel the project is the BN government, Selangor can only refuse to approve the land use. The one responsible for the toll is also BN, because the agreement (top secret) is signed by Putrajaya.

While I also feel Pakatan has not lived up to its promise of no tolled roads with this affair, to be absolutely fair, they have no hand in the agreement and its terms, only in the land use unfortunately. So MCA should be barking at the ministry.

Ong : The state government shouldn't listen only to anti-highway groups. There are also road users who would like Kidex and Dash to be built as soon as possible.

How many of the anti-highway members can tell us that they have never made use of the LDP, NKVE, Kesas, Duke, NSE or other toll highways when it suits their convenience to do so?

They conveniently ignore that those highways had caused inconvenience to property owners along their routes. I wouldn't be surprised if most of the anti-highway members come from multi-vehicle households and are thus part of the cause of congestion on our roads.

The anti highway members are like people who are anti-telco transmission towers when such towers are built at locations they consider to be too close to where they live or work but they, at the same time, will not give up their mobile phones.

I am sure they are aware that mobile phones cannot work without transmission towers. What they want is to have the towers built outside other peoples' homes and away from theirs.

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