BN Kejam Sebab Bayar Dividen Kepada Pencarum TH, Sindir Najib

Quote roy3 11-12-2018 07:43 AM

Salah tadbir urus ni..berani lg nk troll?ko lulus kn law..ko sndr x ikut

Quote gaara_X 11-12-2018 08:03 AM

ermmmm....nak lepas leher..kena laa pandai wat trick.....ahaks!!

Quote monreyes 11-12-2018 08:28 AM

mcm2 BN buat nak bantu Bumi/umat Islam...
DAPigs juga dipilihnya....

Quote dodolgemok 11-12-2018 10:14 AM

Edited by dodolgemok at 11-12-2018 10:16 AM

Xpernah timbul isu apa bank negara dh pernah bagi warning dulu. Ke kau xtau apa2 pasal masalah ni? Bangang jugak kau ni najib



Bank Negara issues warning to Tabung Haji

Kamarul Anwar

The Edge Financial Daily

January 27, 2016 09:02 am +08

This article first appeared inThe Edge Financial Daily,on January 27, 2016.


KUALA LUMPUR: Bank Negara Malaysia (BNM) has issued a warning to Lembaga Tabung Haji (LTH) to further strengthen its risk management practices, after a routine check found that the pilgrims fund has more liabilities than assets.

In a statement yesterday, the central bank pointed out that while LTH is not under its direct supervision, advisories issued by BNM to non-bank financial institutions are not out of the norm, and are part of its surveillance on establishments that have important interlinkages with the financial system.

“[Advisories] are aimed at ensuring the institutions will continue to be well managed and effectively perform the role for which they have been established [for]. This in turn will contribute to financial stability,” said BNM.

“Based on the bank’s surveillance, the bank and the Financial Stability Executive Committee may, from time to time, issue advice to significant non-bank institutions as a pre-emptive measure to promote the sound financial standing of such institutions and avoid any systemic implications on the financial system,” it added.

Nevertheless, BNM said LTH has proactively taken appropriate measures to further strengthen its risk management practices, both on its own initiative and in response to earlier engagements with the bank.

“These will reinforce a sustainable and healthy financial position of the institution going forward,” it said.

The Malaysian Insider yesterday reported that in a letter dated Dec 23, 2015, which was sighted by the news portal, BNM governor Tan Sri Dr Zeti Akhtar Aziz told LTH chairman Datuk Abdul Azeez Abdul Rahim that it had only 98 sen in assets for each ringgit in liability.

Section 22 of the Tabung Haji Act states that it cannot announce dividends and bonuses to its contributors if its assets are worth less than its obligations.

In a separate letter to Minister in the Prime Minister’s Department Datuk Seri Jamil Khir Baharom on the same date, also sighted by The Malaysian Insider, Zeti warned that LTH’s finances could have a financial impact on the government. This was because LTH’s deposits are wholly guaranteed by the government, Zeti was reported as saying.

She also suggested to Jamil Khir that he increases the number of members on LTH’s board, and that they have vast financial experience.

In an immediate response later yesterday, LTH group managing director and chief executive officer Tan Sri Ismee Ismail pointed out that the central bank’s evaluation had not taken into account the pilgrims fund’s investment portfolios, such as the shares of its subsidiaries, its plantation assets and property.

“Throughout the 2014 and 2015 financial years, the value of LTH’s assets was higher than its liabilities, when taking into account all of LTH’s investment portfolios,” said Ismee in a statement.

He added that LTH is in a good financial position and that it is supported by firm assets, including cash amounting to RM10.7 billion as of Dec 31, 2015.

Ismee also assured contributors that their deposits are safe and that the pilgrims fund is not facing any financial difficulty, adding that the fund usually announces its bonuses within the first quarter of the year.

“God willing, LTH will announce the bonus in early February, after going through its usual annual internal processes and interim audits.”

However, he added that the bonus is subject to the current economic climate, including the stock market, the falling prices of oil and the decreased value of the ringgit.

Ismee said 2015 was a difficult year, and that LTH is also forced to prepare for the economic challenges of this year to remain competitive.

And while the pilgrims fund has taken note of BNM’s advice that it should re-examine its reserve policy, Ismee said depositors should not be worried because their deposits in LTH are guaranteed by the government, as inscribed in the Tabung Haji Act.

“LTH also has never strayed from its original mandate of assisting Muslims in Malaysia to complete the fifth pillar of Islam (pilgrimage to Mecca),” he added.

Ismee, however, did not disclose LTH’s surplus of asset value to its liabilities, or the fund’s debt-to-equity ratio.

According to The Malaysian Insider, Zeti has blamed the depleting reserves at LTH on its practice of paying out higher dividends than it could afford since 2012.

“The dividend and bonus payout ratio which has, on average, exceeded its profits [on an average of 107% from 2012 to 2014] caused LTH’s already-low reserves to decline further, to the extent that it is not able to manage the weak equity portfolio performance for 2015.

“This has caused LTH’s reserves to be in the negative,” Zeti was reported as saying in the letter to Abdul Azeez.

Another problem, she said, is that LTH’s deposits are highly concentrated among a small number of contributors — 5% of whom own 75% of the total deposits.

This exposes the pilgrims fund to the risk of a mass withdrawal of deposits, should contributors lose faith in it, she said.

The Malaysian Insider reported that Zeti has also proposed that LTH formulates a comprehensive reserve policy to be presented to the BNM by March 31.

Sos: http://www.theedgemarkets.com/article/bank-negara-issues-warning-tabung-haji

Quote Simunggu 11-12-2018 10:25 AM

janji rakyat dapat Hibah...apa PH mau sebok???

Quote dodolgemok 11-12-2018 11:01 AM

Simunggu replied at 11-12-2018 10:25 AM
janji rakyat dapat Hibah...apa PH mau sebok???

Sejak bila th jadi pusat pelaburan, diwajibkan bayar dividen kpd penyimpan setiap tahun? Fungsi sebenar th pon kau xtau, nak sembang kehulu kehilir.

Quote saripdolmat 11-12-2018 11:08 AM

TH kejam bagi dividen tinggi kpd org melayu.  Klu bagi sama kroni PM Tua baru la x kejam..  Haha

Quote harizs 11-12-2018 11:17 AM

PH ibarat tikus baiki labu

Quote Nokiaman 11-12-2018 11:47 AM

harizs: PH ibarat tikus baiki labu

Butoh laaa...semuanya serba salah utk org org yg bodoh piang... BN salah.. Ni skrg PH tak betul...

Quote Simunggu 11-12-2018 11:51 AM

dodolgemok replied at 11-12-2018 11:01 AM
Sejak bila th jadi pusat pelaburan, diwajibkan bayar dividen kpd penyimpan setiap tahun? Fungsi se ...

dah dapat syukurlah...baik utk rakyat...kamu bodoh betul..minyak naik tak turun turun rm1.50 masih mampu tersengah sengah, tol kena bayar lagi,  ptptn tak jadi hapus, pelajaran cakapnya akan free. ..masih kena bayar.....masih kamu boleh senyum...memang kamu bodoh tahap gaban..

Quote EncikH 11-12-2018 12:01 PM

As a neutral, aku x paham apa yang nak dimarahkan sangat kerajaan PH.

Previous kerjaan BN punya corruption, scandal, mismanagement lagi teruk dn buat malu negara Malaysia di serata dunia, orang luar pon giling kepala kat Malaysia, yang dipimpin Melayu Islam sebelum ni.

Tabung Haji is just another scandal, dari banyak2 scandal yang lain. Corruption dah jadi darah daging BN.

Quote dinopower2 11-12-2018 12:54 PM

dodolgemok: Sejak bila th jadi pusat pelaburan, diwajibkan bayar dividen kpd penyimpan setiap tahun? Fungsi sebenar th pon kau xtau, nak sembang kehulu kehilir.

apasal ko makin bengap

Quote dinopower2 11-12-2018 12:57 PM

EncikH replied at 11-12-2018 12:01 PM
As a neutral, aku x paham apa yang nak dimarahkan sangat kerajaan PH.

Previous kerjaan BN punya  ...

darah daging che det... legasi che det.... apa ingat legasi rasuah kroni start zaman najib ke?

najib tu jd mcm skrg sbb lwn che det... sama mcm anwar lwn che det wpun ujung2 cemolot....

nak banding scandal najib tu celah gigi atok tu je

Quote dodolgemok 11-12-2018 02:12 PM

Simunggu replied at 11-12-2018 11:51 AM
dah dapat syukurlah...baik utk rakyat...kamu bodoh betul..minyak naik tak turun turun rm1.50 masih ...

Apa kena mengena harga minyak dgan salah urus tadbir tabung haji? Xkan kau nak pejam mata je pasal tu sebab harga minyak tak turun? Bodoh punya pinoy suluk.

Quote davidjuniorm 12-12-2018 06:58 AM

Ayoo mending kite trading je kalo sudah begini

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