Assalamualaikum w.b.t.,

Hidup di dunia yang sementara ini banyak mengabui mata kita tentang matlamat kehidupan yang sebenarnya. Kita semakin terdesak dengan himpitan kehidupan dan berlumba-lumba untuk mencari kehidupan yang lazimnya lebih menampakkan keduniaa semata-mata.
Apakah ada di antara pelaburan yang semakin hari semakin kurang diberikan tumpuan? Namun, apakah kita menidakkan keperluan yang perlu kita sediakan di dunia bagi persediaan akhirat? Bagaimanakah pula pelaburan di dunia yang wajar dilakukan untuk persediaan akhirat kita? Wajar rasanya kita sama-sama bincangkan dan jadikan maklumat bersama ini sebagai panduan kita merentasi dunia untuk menempah tempat yang selesa di akhirat kelak, insyaallah.

Pandangan serta komen rakan-taulan, pak-pak ustaz, profesionalis, akauntan, hartawan, dermawan, pak/mak wan dan sebagainya boleh dikongsi untuk dijadikan panduan disamping memperkuatkan ukhwah sesama kita. Sila diemailkan pandangan anda ke

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Friday, May 18, 2012

Time for gold again???

Gold inflation free???


Thestar: Friday May 18, 2012

China Q1 gold demand hits record

SINGAPORE: China's gold demand hit a record high in the first quarter on investor worries over inflation and property market curbs, the World Gold Council (WGC) said, bucking a lower trend in global consumption driven by higher gold prices.
Global gold demand fell 5% on the year to 1,097.6 tonnes in the first three months of 2012, as jewellery and technology sectors bought less gold with average prices up 22% from a year earlier, but investment demand and central bank buying helped cushion the fall, the industry group said.
China remained the world's top gold consumer for the second quarter in a row, with its gold consumer demand up 10% to 255.2 tonnes, beating India's 207.6 tonnes, which was a 29% decline on the year. - Reuters

EPF Way for Bail Out?? or Waving for Opportunity??

Assalamualaikum w.b.t.,

EPF now on bailing out again???? Hopefully this exercise argument by "Pemegang Amanah" can make sure  our profit in terms of divedend can gear up more than 10% next year.

Ha!5, are you dreaming mannn???? Do, the investment really for the sake of "saver" benefit??? Or just for the sake of savingssssss XXX??? Do this relate to JCorp? Who is jumping out from the boat???

What else EPF savinggsssss actions???? or Do someone is "cashing" out utilizing private rakyat fund for GE again??? We never know what else balance for us...

Hopefully this is a smartest move by EPF.... If not, then EPF saver eat chicken feather lah....

Ya Allah s.w.t. please save us all from the betrayal by munafiqun within us. Amin.


Thestar:Friday May 18, 2012

EPF's buyout portion in KFCH and QSR will be around RM1.26bil


KUALA LUMPUR: The Employees Provident Fund (EPF) says it is participating in the buyout of QSR Brands Bhd and KFC Holdings (M) Bhd (KFCH), alongside Johor Corp (JCorp) and private equity firm CVC Capital Partners.
This confirms earlier StarBiz reports that a government-linked investment corporation such as the EPF was being wooed to become part of Massive Equity Sdn Bhd, the special-purpose vehicle used to announce a buyout of the assets and liabilities of KFCH and QSR last December.
A joint press release by the EPF and JCorp stated that while JCorp would maintain its 51% shareholding in Massive Equity, an “EPF-led consortium will make up the remaining 49% via Melati Asia Holdings Ltd. Melati Asia is 51% owned by the EPF, while CVC holds the rest. Consequently, 76% of Massive Equity is in Malaysian hands.”
It isn't entirely clear what led to the EPF being brought into the buyout structure, which will result in CVC having a smaller equity portion than what was first announced last December.
However, it has been speculated that the involvement of the EPF in the buyout exercise was likely to be aimed at giving Massive Equity a firmer footing from the standpoint of funding as well as governance.
The EPF’s involvement in the buyout exercise is likely to give Massive Equity a firmer footing in funding as well as governance
The takeover of QSR and KFCH will cost Massive Equity some RM5.24bil. EPF's portion of this will be around RM1.26bil, a small sum when seen in light of its massive fund size.
“The EPF is confident that this investment in a highly cash-generative business will meet our long-term goals of providing sustainable financial growth coupled with accretive yields. The KFC and Pizza Hut brands have been a market leader in Malaysia for decades and we look forward to enhancing the brands and their market share even further in future,” Datuk Shahril Ridza Ridzuan, EPF's deputy chief executive officer for investment, said in the statement.
The EPF used to be a long time substantial shareholder in KFCH and had its representatives on the board of KFCH.
However, the EPF had subsequently sold down its stake in KFC and it was rumoured that the fund had been disappointed in the way KFCH was run after it became part of JCorp, especially the series of related party transactions that ensued.
Recall that JCorp, via 57% subsidiary Kulim (M) Bhd, had bought control of QSR and KFCH in 2005, in the midst of one of the many corporate tussles that was going on in the fried chicken retailer.
Recall also that JCorp used to be run by Tan Sri Muhammad Ali Hashim, who had grown to become synonymous with JCorp, after leading it for more than 28 years.
He left JCorp in late 2010.
When the buyout by Massive Equity was announced last December, a JCorp spokesman had told StarBiz that the exercise was part of the bigger restructuring plan that JCorp was undergoing and aimed at streamlining its businesses. The shareholding structure, the spokesman said, was convoluted and thus hindered effective management of its businesses.
“This will facilitate fund-raising and the leveraging of operating assets which is part of JCorp's overall rationalisation programme. It will also address the debt issue at JCorp,” the spokesman had said.
In yesterday's press release, JCorp president and CEO Kamaruzzaman Abu Kassim said: “We are heartened by EPF's confidence in us and are honoured to have them as our partner at this exciting juncture in JCorp's journey.
“Indeed, EPF's sterling track record as Malaysia's premier retirement savings fund and an institutional investor puts us on a firmer footing to ensure greater corporate governance and continued growth for one of our prime investments.”

Saturday, May 12, 2012

Do you afford to buy a house? Really!!?????

Assalamualaikum w.b.t.,

The news below make me a bit worry. What will happen to my children future? Ya! Allah s.w.t., please save me and my family aqidah. Please guide us. Amin.

Residential housing price is rocketing high. Many people are suffering to get their dreams house. With new policy from bank negara to filter out bad hire purchase borrower had stopped more people from buying house. Bank negara moved basically is a good move, but... The most will suffer with this policy basically people who work with private sectors. Why????

The basis of hire purchase is a balance of income to confirm the ability to pay back the loan. For private sectors, their clean income is after deducting EPF and Tax. The basis being used usually  by separated to  1/3 for vehicle, 1/3 for housing and 1/3 for living/expenses. Due to this basis, many buyers failed to comply and do not have enough fund to buy their dreams house. Most of them think that they can depend to their EPF savings to withdraw their saving to cover the house purchase.  Do they?

So what's the problem? Public sectors also buying house?

In next post, I'll write what the difference, why we need to make a move for betterment future  and tips how to prepare ourself to buy house especially for new worker, in this crazy "1Malaysia price hike cannibal festival".

I still remember, I did many promise to write tips but due to time limitation, I can't. I'll try my best to post part by part while I'm still able to do so.


PS: "Weekend also have to work. Tomorrow has to go to office to work. It is about life and living." 


Thestar: Thursday May 10, 2012

Rising value of properties a real concern


KUALA LUMPUR: The Government needs to address the issue of affordability of residential properties as persistently high prices have become an issue to many people.
“We have computed the affordability (issue). Prices have risen to a level that has created some concern. In fact the International Monetary Fund (IMF) in its Article 4 consultation report has mentioned that this is the main risk or vulnerability facing the Malaysian economy: overvalued house prices,” Ratings Agency Malaysia Holdings Bhd (RAM) chief economist Dr Yeah Kim Leng said.
“It is not a bubble yet largely because for certain segments the income level is sufficient to absorb those kind of (high priced) houses. But there comes a point where you will find declining demand largely because of rising vacancies or declining rental yields that will help to cap property prices,” Yeah told journalists at a press briefing yesterday after RAM's annual general meeting.
Yeah expected an eventual soft landing for the property market in Malaysia but also said that developers should be ready for any change in market dynamics.
“Developers must take the risk that should there be a slowdown or market crash (that) they are in a position to absorb it without creating problems for the banking sector or economy. But at this juncture we are quite comfortable that most developers are going in (to the market) with their eyes fully open,” Yeah said.
“Most of the property companies that we have rated (credit rating) are fairly strong in their credit quality. Overall we are looking at maybe certain smaller developers that will be at risk but by and large I think that the property market is in a sustainable basis. But watch out for too high prices that will create affordability problems,” he added.
Meanwhile, RAM's CEO Foo Su Yin said the agency expected corporate bond issuances for the whole of Malaysia will total between RM80bil and RM85bil this year from about RM70bil in 2011 noting that issuances had accelerated in the first four months in 2012 compared to the previous year.
“The issuance in the first four months of RM44bil has already exceeded what was (at the level) half year last year so the RM80bil-RM85bil is achievable this year. We expect most of the bond issuances to come from the infrastructure and the banking sector,” Foo said.
On another matter, Yeah said that the Malaysian economy should be fairly protected against any economic shocks that comes out of Europe due to the ongoing economic crisis there and that the first quarter economic growth may even beat analysts expectations.
“Domestic demand has been fairly robust and with slightly firmer exports we should be doing fairly well. Nevertheless the risks still remain substantial because of the, so-called, regime changes that had happened in Europe that put the whole Euro at risk. Malaysia has so far been able to ride through the soft patch in the global economy,” he said.
Meanwhile, on the issue of the growing government debt or also known as deficits of presently about 56% of GDP, Yeah said this figure may hover at about 56%-57% by the end of this year and said debt should ideally be used to finance productive investments to ensure future economic growth.
He also said the risks from the non-bank lending sector also known as the shadow banking system could be limited as its portfolio was relatively small compared to total bank loans portfolio and may not pose a systemic risk to the economy at this point in time.
“We may have however, isolated problems arising but it should not pose a systemic risk to the economy or banking sector,” he added.

Thursday, May 10, 2012

Higher Income in Higher Income Economy Model?????

Assalamualaikum w.b.t.,


It is also about subsidy again??? Will cook oil price up again???


Wednesday May 9, 2012

Ageing oil palm plantations likely to lift CPO price


PETALING JAYA: Anticipation over declining crude palm oil (CPO) production due to ageing plantations in major producing countries including Malaysia, would likely bolster the commodity to hit RM4,000 per tonne by second half of this year, according to industry players.
Malaysian Estate Owners Association president Boon Weng Siew who pegged the country's total planted area with palm trees of over 20 years old to between 30% and 40%, said many of the ageing palm trees in Malaysia were mostly under the smallholders' holdings.
Of the total CPO production, smallholders contributed the bulk at about 52% while the rest was from large plantation companies, according to the National Association of Smallholders.
Despite a RM7,000 per ha grant by the Government for smallholders to carry out replanting activities,
Boon said: “It was difficult to persuade them especially with the CPO price trading above RM2,000 per tonne over the past three to four years.
“What more with the CPO prices currently trading in the region of RM3,300 to RM3,370 per tonne.”
Boon, a veteran planter, said the reluctance to undertake active replanting activities could also be due to the “insufficient” grant to cover the entire replanting costs up to maturity period of about three to four years.
He pointed out that the actual replanting cost up to maturity period should be about RM12,000 per ha given the current high costs of fertiliser and pesticides.
On the country's average yields, Boon said the current national average was about 20.2 tonnes of fresh fruit bunches (FFB), 20% oil extraction rate (OER) and about four tonnes of CPO per ha.
“At the current replanting rate, it is actually difficult to comprehend how Malaysia can achieve its vision for palm oil, i.e. 35 tonnes of FFB, 25% OER and 8.75 tonnes of CPO per ha per year by 2020,” he added.
The Malaysian Palm Oil Board (MPOB) had in early January said eight entry-point projects (EPPs) under the Government's Palm Oil NKEA showed commendable achievements in meeting the targets set in 2011, the first year of its implementation.
For EPP1 in the upstream sector, the area of backlog cleared by plantations and organised smallholders, achieved 83.2% or 83,200ha last year, compared with 100,000ha in the earlier target.
Areas of new planting and replanting by smallholders reached 74.6% of the total 26,600ha. Of the total application for 37,432.64ha, about 29,995.09ha were approved and verified, said MPOB.
MPOB said oil palm felled and replanted was at 19,768.54ha last year where 8,429ha were for new planting and 11,338.92ha for replanting.
Meanwhile, United Malacca Bhd chief executive officer Dr Leong Tat Thim said replanting should be taken seriously given the high ageing profile of oil palm trees especially those over 25 years othat tended to drag the yields lower.
“In well established estates, I believe that replanting accounts for 2% to 5% of total planted area annually,” he said.
Leong estimated that the current replanting cost to maturity for most plantations could range from RM10,000 to RM13,000 per ha.
“Older palm trees are taller thus making harvesting very difficult. What more with local planters currently facing serious shortage of foreign fruit harvesters.”
He opined that the stagnating average yield performance in Malaysia among others was due to the conversion of the “hilly” rubber areas into oil palm plantations some 20 years ago.
Meanwhile, Standard Chartered Bank in its global research report “Crude palm oil - A price storm is brewing” said a severe structural slowdown in palm oil output was under way.
“The downtrend will worsen over the coming seasons with the deceleration in palm output caused largely by the ageing profile of estates in South-East Asia, which accounts for over 90% of the market, as well as sub-optimal farming practices across much of the region.
“Our conservative estimate is that more than 20% of trees in Malaysia are over 25-years-old. In reality, this could be more,” said the report.
Its long-term bullish view on CPO, relatively accommodative global interest rates and a deteriorating age profile of trees in Malaysia, should help to convince planters that replanting decision is best not to be delayed.
“We also believe there is a price storm brewing in the industry due to a deceleration in yields, the severity of which will be bullish for the market,” it added.
StanChart has forecast the annual average CPO price this year at RM3,450 per tonne. It has also revised second quarter (Q2) 2012 CPO price to RM3,500, Q3 at RM3,350 and Q4 at RM3,700 respectively.
As of 5.30pm yesterday, the benchmark third-month CPO futures contract for July was traded at RM3,373 per tonne, up RM13 from RM3,360 per tonne on Monday.

Wednesday, May 9, 2012

What Did You Mean??? Errr... Sign for Tariff Hike, Do You??

Assalamualaikum w.b.t.,

Many news now on paper about so called subsidy? View with your eyes and review with your deepest heart... You can feel the clearer picture what possibly happen after GE if and if this 1Ruler & gang still on his seat. More and more "Rimba-rimba  Dilelong, murah-murah"...., why??? Now awarding spree given to businesseesss man... How much more left... for so called "RAKYAT".....??

So guys, if you unable tighthen  your stomach and pocket anymore, then think thrice before put your vote in coming GE. Hope Allah s.w.t bless us all. Amin. Wassalam.

Recent Related Articles:

Monday, May 7, 2012

The answer what makes Crestbld Rocking.....

Assalamualaikum w.b.t.,

At first I taught fundamental  makes Crestbld rocking up... but the reality is due to this:

Thestar: Monday May 7, 2012

Crest Builder JV to develop MRB’s RM1.4bil project in KL


It is easy political link making money via stock investment. You know the target deer that will be shoot than you will laughing going to bank.

Lets see one year Crestbld chart. I kept this stock since 2/2/2010 bought at RM0.765. At last sold last friday at RM1.10. Alhamdulillah. A few times missed the shooting games due too busy with office work. At first taught want to let go this stock but it is one of MAMA stock like TWSessssss stocks i just keep it. Want to see the game play by 1Magicians for cashing out through stocks for xxx.

The most sucks stocks that I keep until now since 2007 just for display and remind me how stocks can kill you if don't play smart is "CAROTEC". I don't understand why Tabung Haji bought this stock last year. Search my previous post about this. May be THG was helping someone drowning in bio-sawit tank.

 So for investor, be patience when you have good stock in hand and don't be greedy when it is rising up. Take your profit as you got chance. The big MAMA mouth sharks is everywhere...

 From my calculation based on fundamental at PE-10x, Crestbld still have room to rise 1.2x  more from current price. But for me the worst is always there especially GE is waiting at the corner. Once 1magician finish distribute the fund, surely GE will come.

One of my favorite stock I keep until now is Keladi. So far keladi didn't miss distribute dividend/bonus. Look for a good time now to clear my balance portfolio before start new portfolio in new games of stock investment especially after GE. And my dreams is, hopefully to have  new environment of clear clean games of stock investment.


Symbol & Code : CRESBLD (8591)
Board : Main
Industry : Construction

Prev Open High Low Last Change % chg Volume

1.1 1.09 1.11 1.01 1.02 -0.08 -7.27 33050


Part 1: What The Investment Means To Most of Us? To Make More Money Via Saving?

Assalamualaikum w.b.t.,

Horrible! Horrible! No time for we, our selves!?

Working in our life sometimes make us horrible. Miss a lot of our valuable own prime time or some people says as quality time... What do quality time really means?

Some of us,  most of our times was occupied to solve and do office work. Extra work at home without being paid. One of my friend says, he work for private company and he need to work longer time than normal office hours. To grab an quality times with his family he brings home his work together and do at home. But do the family get his quality times? And do the employer appreciate him working longer time?

What he told me, of course the employer don't know he work longer time and never appreciate him. What employer get only all matter resolve must be resolve by the time, longer work time is not employer concern. That is the best he can do, even though his mind not with the family at home but his body is. At least his children still can see him visible. He told me further, the best he can do now to secure his job still with him, if not the worst will arise. Thats what he try to avoid.

It is normal for private sectors working longer time just for the sake of job security.

One of his question to me is about investing his money to get more money since he unable to work for other things to add more income in this crazy malaysia good price hike up carnival? For me it is not the carnival but sure heboh carnibal festival....

I told him I'm not the best person to advise on this as 1PM already advise "rakyat" to change way of spending/life (wassatiyah) and all way trough already being supported by all department of Malaysian government from police department, bank negara until "Majlis Syura" to bring rakyat especially muslims but not malay to be tight under the coconut shell.... He!5....

My friend main concern is the food price hike up especially milk for his children and baby...

As of this the main concern, than lets we solve this part first lets do investment here... Of course under this scenario we don't have much options since it is not controlled and being supported by the 1PM policy, price must up to boost economy in terms of paper money and looks like economy is boosted up.

What we can do basically from my own experience, the price of milk is like up and down, but in trending up. You can see a can of baby milk powder the same brand/model 5 years ago around RM18 to RM20/kg but now price is between RM39 to RM49.

How can we invest? Of course to invest you must have investment fund. If borrow then it is different issue now. Let say you already cap the investment fund, then you must understand the price yo-yo of your children powder milk and you must understand the baby will grow up and will change milk powder after a year.

In share investment it is advised to buy low, sell high. So you should know what is the low and high. And it is also advised, if don't know then do the dollar cost averaging.

For milk powder, I think you know already the price and become easier.

Let say the minimum is RM39/can and surely the price will up again. Use your fund to buy stocks for your children in big quantity at discounted price but must remember you target should not exceed your baby age change the milk scheme. Buy bit a bit at a lower price to pile stock and understand the scenario.

Let say your baby, will be using the same milk for another 6 month and will consume 4 can. So meaning that you will need around 24 can.

How much it is, RM39.00 x 24 = RM936.00

But how much you need to spend if not well plan when buy at high, RM49.00 x 24 = RM1176.00

How much you save due yo-yo, RM1176.00 - RM936.00 = RM240.00 (26%)..

So, you make profit of 26% in 6 month with fund of RM936.00. So the profit must be saved into your investment fund to make your fund bigger. What if the price hike up again, then you will save more.

Some people do share investment, but sometimes only able to get return 8% in a year. ASB also around 8%.

You can implement to other things as well in your consumption portfolio. But must remember, the foods expiry date should be longer than your target period. Don't do on  fast rotten raw materials okey... Be smart to battle our own household inflation..

First tips: Higher return of investment is from you investment in saving of house hold expenses.... Same quantity/quality but cheaper price.


Sunday, May 6, 2012

Going To Raise Petrol Price and Electricity Tarif Again???

Issues and concern now at the corner again. I think the petrol price raise up and electricity tariff revision is come closer to our shoulder again. So, what will our living to be? Price hike of daily used goods already burden majority of people now. People in middle income earning also suffering especially from private sectors.

Do we still support current ruler or make a choice to make drastic change? Our selection will come  sooner. What will your choice be? Mine, want to make a change for a betterment future for my children.

Thestar: Saturday May 5, 2012

Solving oil and gas subsidy problem


THE argument against subsidising the country's oil and gas has been made time and again, yet the decision to do away with it remains one that no government would be glad to make in a hurry.
One need only point to the recent examples of mass riots in Nigeria and Indonesia, where thousands took to the streets after their governments removed subsidies for fuel, as evidence that no matter the logic, this is hugely unpopular.
Nonetheless, it is a situation the Government has to resolve, and soon, as demand for gas heats up in the region.
Already, China and India account for 25% of Asia Pacific's gas sales, and they have been aggressively raising their liquefied natural gas (LNG) imports in recent years.
International Gas Union (IGU) president Datuk Abdul Rahim Hashim says China wants to increase the amount of gas in its energy mix to 8% from 3% currently, which may sound minuscule in percentage terms, but is a tall order in absolute figures.
The IGU, an international umbrella body for gas associations, has predicted that Asean will face tough competition from its East Asian neighbours to secure LNG cargoes from the same suppliers.
If the Government is to reduce the billions of ringgit spent each year on subsidies, it must find ways to remove them, Abdul Rahim says.
According to him, artificially cheap gas feeds into a vicious cycle: it discourages investment, which means less money is spent on looking for new gas fields; end users are blunted to the true cost and consume more energy than they need; and the Government has to continue keeping prices low to preserve socio-political stability.
Abdul Rahim brings up an International Energy Agency report which found that a whopping US$400bil went into subsidies for oil and gas around the world last year.
“What sort of benefit has it provided?” he asks. “The transportation sector took most of it, and there was no multiplier impact from all this spending.”
The fragility of the Malaysia's energy system, he opines, is a problem as well. “We have a system whereby one end is fixed (electricity tariffs), and generators are looking for the cheapest source of fuel. Gas is the cheapest of the lot, and since generators tend to use the cheapest resource available, that has pushed the system to the limit.
“The system in Peninsular Malaysia is such that there is a specific capacity for it (energy production), and once you hit the limit, then any disruption, whether to the supply or to the value chain, will impact the users.”
The persistent shortage of the country's gas supplies came to a head last year when Tenaga Nasional Bhd (TNB), in dire straits, sought the help of the Government and Petronas to pay for the RM3.5bil it had incurred since 2010 to buy costly gas replacements such as oil and distillates.
Petronas had to shut down its gas facilities for overdue maintenance, which caused a supply disruption to TNB's electricity generation. TNB is more dependent on gas than other fuel sources as it makes up 60% of its energy mix, followed by coal, hydro power and others.
While Petronas has since restored some supplies to TNB, the national power company received less than 1000mmscfd (million standard cubic feet per day) during the first half of the company's third quarter ending May 31, due to outages at Petronas' facilities. This is short of the 1,250 mmscfd it had agreed to deliver.
Because of subsidies, Malaysia's end-user gas prices are the lowest in South-East Asia (see chart). Since May 1997, Petronas has had to foot RM136.5bil to subsidise both the power and non-power sectors, which is money the Government could have channelled to more productive industries.
In its financial year 2011 alone, subsidies cost the country RM20.1bil. What's more, it did not meet the Economic Planning Unit's target to raise gas prices to the power sector by RM3 per mmbtu every six months and reach market parity by 2016.
The plan was to start the first rate hike in December, but that failed to materialise, and “now everyone is waiting for the one in June”, Abdul Rahim says.
The only solution, he adds, is to float gas at market prices, though critics have argued that will be detrimental to inflation.
“The current gas prices do not benefit the guys with the small cars and kapcai, but people who have two or three cars in their garage. You have to be specific with subsidies and not cover the whole spectrum of customers,” he contends.
On another note, Abdul Rahim is upbeat about the prospects for gas. “It is a fuel that is taken for granted. A lot of people say gas is transitionary, to fill the gap before renewable energy takes over. We believe gas will be there for a long, long time because of its availability,” he enthuses.
The total for both conventional and unconventional reserves like shale gas (natural gas trapped within shale formations) stood at 800 trillion cubic metres globally, says the engineer and former Petronas executive. In layman's terms, this can last another 250 years at the current consumption levels.
Abdul Rahim, who has held the IGU leadership since 2009, is also president of the Malaysian Gas Association.
Malaysia will cap its final year at the helm of the IGU by hosting the 25th World Gas Conference in Kuala Lumpur in June. IGU, which has 116 members across 77 countries, advocates for the inclusion of gas in energy production.
By way of its reserves, Abdul Rahim says Malaysia has 88 trillion cu ft of gas, or 40 years to go.
But the important thing for the country's energy longevity is diversity of sources, he quips, adding that renewable energy such as hydro have potential, although their cost is still quite high.
More notably, he believes nuclear energy should not be dismissed. “It should be an option. The unfortunate thing is that after Fukushima, things got derailed and public opinion has swayed to the other side.
“Malaysia has actually fulfilled all the International Atomic Energy Agency's requirements, which are extremely stringent,” he says.