CPF funds lost undisclosed hundreds of millions from Keppel corruption – States Times Review

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        Singapore sovereign wealth fund company Temasek Holdings have lost an undisclosed hundreds of millions in 3 months from it’s state-owned company Keppel Corp. The state-owned offshore and marine company reported in their latest financial report that they lost S$619 million in total (S$570 million in penalty, S$49 million in related administrative costs) after they were caught with bribery corruption in Brazil. For the 4th quarter result, Keppel Corp lost S$495 million.
       Temasek Holdings has a substantial stake but at an unknown percentage of Keppel. More than half of the S$619 million loss is expected to be paid for by Singapore taxes and CPF funds, which are managed by Temasek Holdings.
       Earlier in January, Prime Minister Lee Hsien Loong raised the Retirement Sum to S$181,000 without any announcement. The husband of Ho Ching, the powerful CEO of Temasek Holdings also increased numerous taxes to raise funds for the national reserves. Due to the tax increase in essential supplies like 30% water price, electricity tariff, transport fares, carpark charges, cross-border taxes and school fees, the cost of living has increased and inflation followed after business costs were substantially raised.
       However, the slew of tax increases in 2017 was not enough to fill the hole of Temasek Holdings’ losses, which are estimated to only bring in less than $300 million a year – half of Keppel’s S$619 million losses. In the coming Budget 2018 next month in February, the GST tax is expected to increase which state media said will bring in S$1.8 billion a year for every percentage GST increased.
        It is unknown how much losses Temasek Holdings have incurred in other investments as there is no transparency or published balanced sheets. If both Temasek Holdings and GIC become unprofitable, CPF withdrawal rules will have to be tighten further. Since Lee Hsien Loong took power in 2003, retirement age has been increased from 55 to 65, while Minimum Sum has more than doubled from S$80,000 to S$181,000. Officially, Temasek Holdings and GIC maintained that they have been making profits – however, the two companies refused to disclose their accounts despite public pressure.

        CPF funds lost undisclosed hundreds of millions from Keppel corruption was last modified: January 26th, 2018 by

My comments:

The public-funded state company is, no doubt, liable to corruption and other abuses and it always involves funds in billions.

en.wikipedia.org

Khazanah Nasional - Wikipedia

        Khazanah Nasional Berhad is the sovereign wealth fund of the Government of Malaysia.
        Khazanah holds and manages selected commercial assets of the Government and undertakes strategic investments on behalf of the nation. It is involved in sectors such as power, telecommunications, finance, healthcare, aviation, infrastructure, leisure and tourism, and property, amongst others.
        Khazanah is a member of the International Forum of Sovereign Wealth Funds,^[1] which maintains and promotes the Santiago Principles on best practices in managing sovereign wealth funds. It is also a signatory of the United Nations-supported Principles for Responsible Investment (UNPRI), signatory of the Malaysian Code for Institutional Investors and a member of the Institutional Investor Council Malaysia (IIC), member of FCLTGlobal (Focusing Capital on the Long Term), and signatory of the Malaysian Anti-Corruption Commission’s (MACC) Corporate Integrity Pledge.
         Its portfolio includes Axiata, CIMB, Tenaga Nasional, IHH Healthcare, UEM Group, Telekom Malaysia, Malaysia Airlines, and Malaysia Airports.
Khazanah was incorporated under the Companies Act, 1965 in Malaysia on 3 September 1993 as a public limited company and commenced operations a year later. Khazanah is owned by the Malaysian government and administered by the Minister of Finance Incorporated, except for one share held by the Federal Land Commissioner.
        Khazanah is governed by a Board of Directors comprising representatives from the Government and the corporate sector with diverse professional backgrounds and expertise.
        In 2017, Khazanah registered a proforma profit before tax (PBT) of RM2.89 billion, a 85% increase over the previous year.^[2] Its portfolio increased 8.2% to RM157.2 billion in terms of its realisable asset value (RAV), and rose 13.2% to RM115.6 billion in terms of net worth adjusted (NWA). Khazanah also made 14 investments totalling RM6.3 billion and 12 divestments with proceeds amounting to RM6.4 billion, with a gain on divestments of RM2.5 billion for the year. Khazanah Nasional has regional offices in Shanghai, Mumbai, Istanbul, San Francisco and London to support its investment activities overseas. ^[3]

History[edit]

Incorporation
        Khazanah was incorporated under the Companies Act 1965 on 3 September 1993 as a public limited company and commenced operations a year later. Except for one share owned by the Federal Land Commissioner, all the share capital of Khazanah is owned by the Minister of Finance Incorporated, a body incorporated pursuant to the Minister of Finance (Incorporation) Act 1957.
The New Mandate
        In 2004, Khazanah went through a strategic revamp and was given its current mandate. Tan Sri Datuk Wira Azman Hj Mokhtar, the former Managing Director of Khazanah, was appointed to the position in that year. In 2018, Datuk Shahril Ridza
Ridzuan was appointed Managing Director.^[4]
        Khazanah strives to create sustainable value and cultivate a high-performance culture that helps contribute to Malaysia's economic competitiveness. By taking a proactive investment approach, it aims to build true value through management of its core investments, leveraging on its global footprints for new growth, as well as undertaking catalytic investments that strategically boost the country's economy. It also actively develops human, social and knowledge capital for the country.

Leadership and Governance[edit]

Board of Directors      

        Khazanah is governed by its board of directors, which is led by Tun Dr. Mahathir Mohamad, the Prime Minister of Malaysia, as Chairman of the Board. The Board members comprise representatives from the Government as well as the corporate sector with diverse professional backgrounds and expertise. The Managing Director reports to the Board. 

 

My comments:

To me, Khazanah Nasional Bhd is a public-funded private company which has been heavily abused by the devils all to their full advantages.  In the name of Nasional Bhd, this public funded company is widely abused by the PM-crowned chairman and his cronies to the fullest.  It has made Dr Mahathir and his family, mega-rich through different means and excuses to amass the wealth.  To what extent, it was abused by Najib, i shall find out, too.  This public-funded private company which is linked to many other companies, monopolises many businesses of the country.  The operation of the company is no different from the private funded private company at all. 

多多陈[Sticker]TanToTo 3:17 PM【马来西亚建国过程，问与答】

55年的今天，1963年马来西亚契约被修正了！

在经过两年的多方各国各邦代表谈判，柯伯德委委员会“民意调查”，最后透过跨政府委员会筹备一个新国家“马来西亚”的宪法基础。1963年7月9日，英国，马来亚联邦，新加坡，砂劳越和沙巴代表签署了“1963年马来西亚契约”。当时顺应东姑阿都拉曼的要求，大马契约将成立马来西亚日订于1963年8月31日。

可是当时基于印尼和菲律宾向联合国提出反对马来西亚的成立，联合国必须亲自派团来砂劳越和北婆罗洲（沙巴）确证民意所向。马来西亚契约内定的8月31日马来西亚成立日必须被迫修改成1963年9月16日。这次为了要修正1963年契约，五方签署代表：英国，马来亚联邦，新加坡，砂劳越以及沙巴都必须再次齐聚一堂，一致同意和签署修正马来西亚成立日。

1963年8月28日马来西亚契约经历了第一次，也是唯一一次的修正。五方一致同意，共同签署了修正马来西亚的成立日为1963年9月16日。大马契约是五方签署的国际契约，内文没有提供允许任何一方可以自行修改的条文。唯一修正的途径就是五方必须一致同意和共同签署修正方可。

按照以上1963年马来西亚契约的条文规定，我想回答以下问题：

（1）问：马来西亚国会能够自行修改1963年马来西亚契约的规定吗？
答：不能。马来西亚国会只能修改马来西亚法律。无权修正，取消，删除任何国际契约。

（2）问：那么为何1976年马来西亚国会可以将砂劳越和沙巴降格成为13州之一呢？
答：虽然国会可以透过2/3国会投票通过修改任何联邦宪法，可是该宪法修正将砂沙降格为州是直接抵触了1963年马来西亚契约。按照国际承认的大马契约，砂劳越和沙巴永远都是马来西亚建国三邦之一，而不是13州属之一。

（3）问：如果马来西亚国会修宪降格砂劳越和沙巴成为州属是得到砂劳越或沙巴的同意呢？
答：也不行！就算砂劳越和沙巴自己也同意降格从邦变州，也一样是抵触国际法，无法获联合国承认。因为唯一能够降格砂劳越和沙巴的方法，是需要按照1963年8月28日的做法：大马契约五方签署代表：英国，马来亚联邦，新加坡，砂劳越以及沙巴都必须再次齐聚一堂，一致同意和签署修正将砂沙从建国三邦之一地位，降格成为马来西亚13州之一！

（4）问：新加坡之后在1965离开马来西亚，没有五方签署是否会导致大马契而失效呢？
答：大马契约是信托契约不同于一般契约。1963年英国殖民政府将砂沙新信托给马来亚。"to vest in" 之后，1965年马来西亚政府和新加坡政府透过双方同意：马政府将主权和管辖权交还给新加坡，新加坡同意自己独立成为主权国离开马来西亚。因此大马契约内的成员邦权利条文没有修正，成立的马来西亚还存在。

这4个问与答简单明瞭回答大家疑问，可以看到马来亚单方面的更改大马契约，为的是殖民砂沙和得到石油资源。

#请分享给更多砂人知道
#请把你的朋友拉进砂拉越人民之声让他也了解更多砂的权益

—————  2018-9-23  —————
Nelson 10:19 PMhttps://www.thestar.com.my/news/nation/2018/09/23/talk-on-sarawak-rights-and-ma63-draws-huge-crowd/


Talk on Sarawak rights and MA63 draws huge crowd
NATION

Sunday, 23 Sep 2018 7:21 PM

MIRI: A three-hour talk on the autonomous rights of Sarawak and the finer points of the Malaysia Agreement 1963 here on Sunday (Sept 23) drew a big crowd.

For three hours more than a thousand people from all races and age cramped into the Pustaka Miri library hall to listen to several historians, politicians and social rights activist presenting their talks.


Among the guest-speakers in the talk that lasted until evening were historian and author Zainal Ajamain, social activist Lina Soo, Sarawak rights advocators Datuk Idris Buang, Datuk David Teng and Datuk Sebastian Ting.

Ting is secretary-general of Sarawak United Peoples Party (SUPP), which organised the public forum.

The crowd was made up of ordinary folks, students, teachers, civil servants, business circles and politicians from different political parties.

Also on show were books with copies of the original documents and wordings of the Malaysia Agreement and also the inter-government report on the formation of Malaysia.

These documents spelled out the rights of Sarawak, Sabah, Malaya and Singapore as the four sovereign partners that formed one country Malaysia.

Outside the hall, crowds of people were seen signing on a banner demanding Putrajaya return the rights to Sarawak and Sabah.


https://m.facebook.com/story.php?story_fbid=1878803992202762&id=100002195377126

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agatha wong 10:12 PM温故知新。 請大家看看2016 砂拉越州选举的轉载：- 谁在捍卫砂朥越自主权？

1. 1966 年砂首长嘉隆宁甘被马来亚开除，夺权委任新傀儡首长。

2. 1969 年513暴动，联邦紧急法令，无条件接管砂，900条砂宪法被改。

3. 1976 砂首长拉曼雅谷被骗可出任大马副首相，于是把砂国变州，变马来亚傀儡， 当时马来亚反对党没人反对。

雅谷也将砂国旗改成三色旗，将自由宗教改为回教，后白毛改回来。

4. 马哈迪时代不断打压强逼砂拉越签署不平等石油合约时，22年为自己捞取暴利1000亿石油税。

5. 白毛上任，从马来亚傀儡逐步夺权成砂土皇帝,搜刮大量砂资源，却没有出卖修改任何砂自主权法令。
a. 坚守移民自主权法令不被删掉除。
b. 将三色国旗改回现在州旗。
c. 将砂回教改回自由宗教。
d. 2013年首次庆祝722。

6. S4S 崛起主办722大集会。

7. 阿德南推动自主权自治，承认722为砂独立日。

8. 馬來亞政黨不承認722，還在報紙講不重要。不断诋毁砂人民运动组织，主张删除砂移民自主权禁止入境法令。

（马来亚反对党当时都在做什么？还在喊改朝换代？对砂主权问题集体沉默。
今天，大选最后几天才开始喊捍卫砂主权，一边还是骂GST, 骂那只鸡和1MD,到底他们是给砂朥越打工？还是给马来亚打工的？）

Jenny Voon 6:57 AM鉴古知今- 马来亚放弃殖民东马的命运之轮开始了
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在20世纪中，第二次世界大战结束之后，英国欠下大笔的国债差点破产。随着全球民族主义运动的兴起，英国殖民统治发生严重危机，在这种情况下，英国被迫允许广大的殖民地独立或半独立。殖民统治就像投资，不止有收入，还要投入成本。当时殖民得到的收益已经远远低于统治的成本，自然就放弃了。

马来亚和英国当时的情况极度相似。奢华无度的浪费，造成严重负债，老马已多次宣布国家破产论。同时，柔佛经济发展被打压，皇族不满情绪日益明显，离马意识由暗转明；登嘉楼和吉兰丹作为产油区却是全国最贫困的州属，伊党已经号召两州脱离大马；沙巴在马来亚党的蹂虐下，加上外劳大马卡110万人事件，脱马意识已抬头。砂劳越是不是伴随着前者的脚步迈进？命运之轮是不是已经启动？砂人成功阻挡马来党入侵后，5年时间里，答案就分晓了

PRN12 脱马独立 9:48 AMGPS人联党S4S大队又出来骗人民了，又再企图以“公投法“忽悠人民骗选票，这“自误误人“害死砂拉越的自私行为一定要拆穿！

马来亚连MA63都照样毁约，把砂拉越非法降格为“州“，这事件为什么砂执政党之一的人联不在砂议会里提出特别动议？ ，难道人联党也是像火箭马华那样“当家不当权“，做“马来人至上Ketuanan Melayu政治“的傀儡当忽悠欺骗华社的角色？

人联党在本届2016年砂选举以“捍卫自主权“ 骗了选民赢了72席做了强势砂政府，72席超过2/3的多数席的强势政府却不在议会里动议(所谓的)公投法案，却通过骑劫的伪S4S误导华人选民骗选票来保住自己的政治利益！ 大家看到了他们的政治欺骗手段了吧？陈宏祥自己的人联党不就是GPS政府成员党之一么？却扮演双面人做戏忽悠人民？

关于MA63的课题，马来西亚的成立其实是砂拉越在联合国去殖民独立程序的一部分过程，砂拉越在联合国去殖民C24委员会的“托管制“下与马来亚，沙巴新加坡共组成立一个“联合邦Federation of Malaysia" 开始自治。托管制是当殖民地人民在独立程序还不具有独立管理国家的能力的情况下而以“托管“方式去进行“去殖民“自治，怎么陈宏祥这一帮人不把整个事件说出来而是利用MA63的课题来误导人民？

那么今天砂拉越人已经拥有管理与自治能力了，成立马来西亚的目的已经达到了，砂拉越不需要再被“托管“了，那么砂拉越的议员们就应该像一些国家那样"自行宣布独立 Unilateral Declaration of Independence"

砂拉越在“1960联合国去殖民世界宣言“第1514号议决- “自决权”，也就是砂拉越人民以砂选举选出砂议员代表人民组织砂政府的权力/自决权，所以，砂拉越议员应该在砂议会里动议与通过“独立法案“取代MA63宣布独立，而不是骗选票的“公投法“ ！- bengkor

请大家细心研究一下以下骗人的文章！

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修改對砂拉越不利憲法 應設第三防火墻公投法

By Liew Li Mui

发布于 September 25, 2018

（美里25日讯）“砂拉越人民对马来亚政治局势沒兴趣，砂人民只对砂拉越自身权益高度重视，砂拉越政府一定要设置第三防火墙公投法！我们不单要公投法来保护砂拉越宪法，也要用公投法保障一切对砂拉越不公平侵蚀砂资源的法案！任何修改对砂拉越不利的宪法，都要经过公投交由砂人民决定要不要修改，不是由少部分既有利益的政党自行妥协去修改！

砂拉越人的砂拉越發言人亦是此社运活动的發起人之一的陈宏祥，今日發文告如斯指出。針对3天前在美里电子图书馆举行《1963年大马立国契约（MA63）及1958年（2018年修订砂石油气开采法令（OMO）》论坛會，现场座无虛席，且受到各个政党人士包括现任人民代议士、市议员、前议员、民运组织、三大民族热烈响应！

陈宏祥表示，这已很明显砂拉越人民对MA63，和我们砂拉越石油与天然气权益的高度重视，砂人民醒觉也已走向了另一个高峰！

文告也续指出，会场所有人包括某些砂政党联盟（GPS)成员都一致赞成砂朥越应该要设立第三道防火墙，那就是“公投法”来保护砂拉越的一切权益，免于继续被马来亚侵蚀。对于侵犯砂权益的法案或要修改宪法,都要启动“公投”让砂拉越人民自行决定！

另一方面，陈宏祥指出，S4S已经交给砂首长《2015年26万人民,捍卫MA63公投请愿书》，砂拉越政府还要选择视而不见吗？还要如此软弱向马来亚希盟政府示好？砂拉越人民已经给了你们强有力的后盾，你们砂政盟GPS还在怕什么,担心什么?

当砂人民一旦对你们失去耐心和信心，那也就是你们GPS倒台的时候！这就像马来亚的巫统和马华被马来亚人民抛弃，GPS将會走向巫统马华倒台之路也不是不可能的！

他説，现在的砂拉越政府立场要更强硬，且要有责任,有担当为砂人民取得更好福利，也必须把砂拉越一切失去的权益全部拿回来。

陈宏祥续稱，拿回属于砂拉越權益天经地义，要光明正大拿回，不必卑躬曲膝去求西马政府！
“希盟政府对砂拉越的空承诺已经太多太多了，也根本不会兑现承诺！”

文告也指出，砂政盟GPS政府应放棄幻想马来亚希盟政府会自动归还砂朥越人的权益！

陈宏祥续指出，目前马来亚政治局势混乱，各政党都在蠢蠢欲动拉帮结派以得到更多的政治资源和议席,坐上执政政府宝座！

他们的政治版图随时随地將有所变动，所以他们现沒有心思照顾砂拉越权益。说白了他们只是要砂拉越石油资源，所以砂拉越GPS政府根本没有必要卷入西馬的政治斗争游戏。

对于砂拉越的未来，究竟是要继续成为西马联邦的一份子,还是要分道扬镳各走各的路，这一切都应交给全砂拉越280万人民自行决定！

马来亚对砂朥越的种种轻蔑和權利的侵蚀，砂拉越人已经受够了，不想继续被马来亚政府殖民下去。估有60%至70%砂人民都會支持选择脱离马来西亚成为独立自主国家！砂拉越GPS政府是时候要做出决定砂拉越应該何去何从！