Penyakit 1MDB ni lebih parah rupanya......

Monday, May 16, 2016
Khas Utk Ahli2 Bangang Dan Bengong Sahaja - Kelapa Sawit Pula Kena Penyakit 1MDB, Melayu Miskin Dulu.

1. Ini ada berita sikit dari negeri Cina. Disebabkan  1MDB gagal bayar hutang pelabur pasaran komoditi dunia sedang 'lelong' pegangan belian minyak kelapa sawit Malaysia (Malaysian palm oil futures). 

Mainland China commodities news site reports that 1MDB defaults have sparked financial panic in international commodities market. 

China reports a massive selloff of Malaysian palm oil and other commodities.

http://www.chinagrain.cn/zonglvyou/2016/5/14/m201651410583341259.shtml

https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com.my&tl=en&u=http://www.chinagrain.cn/zonglvyou/2016/5/14/m201651410583341259.shtml&usg=ALkJrhgmuGfkPNAbK_hPivtZ03ck_ID7jA

May 12, 2016

• Malaysian govt investment fund 1MDB coupon payment due date.
• until now has not paid $ 1.75 billion bond interest payable. 
• last month : 1MDB has not paid (on $1.75b bonds) $50.3 million interest.  
• also caused cross default on other debt
• two consecutive months unpaid interest cause financial panic
• foreign investors lose confidence in Msia's financial and economic system
• began massive sell-off in commodity futures
• which caused palm oil futures fell under pressure. 
• Malaysia palm oil futures will remain in panic 
• expected to continue dropping next week.

Then on top of that Malaysian palm oil is also losing something called 'sustainability certificate'.  Here is more bad news :

2.  Malaysian palm oil is heading for a crash. Further to what the China commodities report wrote about a massive selloff of Malaysian palm oil due to 1MDB default, this was published in the Star a few days ago... more reasons for international buyers to avoid Malaysian palm oil:

http://www.thestar.com.my/business/business-news/2016/05/10/breakfast-briefing-may-10/

*IOI challenges suspension of its RSPO certification:*

IOI Corp Bhd, one of the founding members of the Roundtable on Sustainable Palm Oil (RSPO), is challenging the decision by the RSPO board of governors to suspend its sustainability certificates. The palm oil giant said it had filed a challenge proceeding with the Justice of Peace in Zurich, where the seat of the not-for-profit association is located. - StarBiz

And the Felda people will get poorer. Read this :

3.  FGV: Smallholders marginalised by RSPO standards:*

Felda Global Ventures Holdings Bhd (FGV) is urging the Roundtable of Sustainable Palm Oil (RSPO) to re-examine existing certification standards for the tens of thousands of smallholders who currently do not have the means to apply them. - StarBiz

This is the latest palm oil prices chart. It is falling :

Jadi sekarang kita nak tanya, Perdana Menteri Bugis  di mana? Dia faham ke perkara ini semua? 

Go and sign the TPPA like a real moron. We will be hit with even more breaches of 'sustainability certification' (global warming lah).  

Takpelah. Orang Felda miskin dulu. Tunggu saja BRIM, boleh makan kangkung, tunggu pilihanraya boleh dapat RM50 atau RM100. Apa nak risau sangat.
Posted by Syed Akbar Ali at 10:12:00 AM