 | Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 17, 2022 10:02 AM | Report Abuse Euphoric rumours government taking over Serbak? Just wait a long long time yah............ Need plenty of dreams yah........ |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 13, 2022 2:04 PM | Report Abuse Actually, if you read my earlier post was to Mad Cat. They are hoping Serbak will be back to 50 sen in a year's time. But my argument is how to make it to 50 sen if the company has got no working capital to complete their projects as the O&G industry required huge working capital & lenders are after them.
8899EL8899
alenac,.......pak karim to pay back the bank borrowing & bond?,..........i doubt about it,........if they want to do that,........6 months ago, the default issue have been settled,.......today ,they are planning for restructuring serbadk debt,.......mean money gone,......they may write- off a lot of things ,.......shareholders have to pay for the loses,........your investment gone
10 minutes ago |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 13, 2022 1:57 PM | Report Abuse well, that is Karma of the capital markets. Just like KLSE China-listed companies are shunned by investors.
BursaVulture
Karim may be a Chinese Muslim, but Serba's board is majority stuffed with bumi. The gov literally killed future bumi companies in Bursa with low valuation moving forward. Save 1 company and destroy hundreds of other good bumi companies. Smart.
3 minutes ago |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 13, 2022 1:51 PM | Report Abuse Yeah, obviously, the Stonemaster case was traceable right up to China and back.
BursaVulture
This will be the end of majority of bumi run companies in Bursa. No sane retailers and bankers will want to be involved with them long term, valuation will be low due to the reputation. Not that Chinese or Indian run companies are better, just that no Chinese cheaters got away with fraud when caught with evidence, all ended up in prison. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 13, 2022 1:30 PM | Report Abuse Easy to talk than to have it done. Assuming Chef and the gang have siphoned all the cash and they have until today holding them somewhere overseas. They will not want to bring them back less it will be traceable to the original source. Another charge will be waiting for them and this time will be AMLA and others.
EVO118
Karim's logic is.
What the hell, just pay it and get it over with. Prolonging it is just going to make it worst. After all it is that easy to siphon the money earlier. There is always another chance to take it all back again if we can get the move on.
22 minutes ago |
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| Stock: [MBSB]: MALAYSIA BUILDING SOCIETY BHD May 13, 2022 1:20 PM | Report Abuse You are right EPF should sell MBSB to a more aggressive entity and remain as a passive investor.
Loy Loy Cheong
Referring to the youtube video on whether if MBSB is a good investment, the negatives aspect that were brought up can all attributes to the poor or bad management on the company. I have been right all along that the management team are a brunch of wasted fellas which ought to be sacked.
3 days ago |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 13, 2022 1:07 PM | Report Abuse
Let me know when Chef and gang going to pay back all loans and bonds.
Mabel
#neohts If by end of the year Serba could restructure and remove from PN17.
50 cents should be no problem.
13/05/2022 11:39 AM
Yes Lah...Mabel thinks the same too..
Meow
1 hour ago |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 13, 2022 12:59 PM | Report Abuse You are right, the reputation of the Chef and gang is gone. No bankers and lenders are going to touch them in future unless they pay back all loans and bonds owing by Serbak. For the oil and gas industry where you need huge working capital, their fate is sealed. The so-called rationalization plan by Karim and the gang is another big bullshit.
BursaVulture
Before that, Karim shout very loud - Do no wrong. If really never do anything wrong, then fight in court lah. Why go find PM and AG and use backdoor to settle? Karim caused many people to lose money, yet these supporters still support and defend him.
It is his 'do no wrong' comment that causes many retailers to double down on Serba and think KPMG was wrong.
No banks will ever support whatever Karim is involved. No investor will support Karim's co. Trust is gone. Once a cheater and liar, forever a cheater and liar.
15 minutes ago |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 12, 2022 10:43 PM | Report Abuse Mad cat dun think you understand, it was Anwar that looked impressive. In the sum up Najib had to admit that governance issues like integrity, transparency and anti-corruption is essential for the future of Malaysia. Of all the people to talk of is Najib himself. Hypocrites are born every minute. |
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| Stock: [ARMADA]: BUMI ARMADA BERHAD May 12, 2022 9:38 AM | Report Abuse Meaning more shares issued for staff and directors to take up.
Posted by fusing79 > 10 hours ago | Report Abuse
may i know what does it means by " Management Incentive Plan - 3,211,600 shares at 0.210." |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 12, 2022 9:25 AM | Report Abuse Must be the same Joyless person. Anyway, I remember Sumuatake where the "Hunter" fellow was hot selling the counter and took many to Holland. Bumi counters always sell dreams.
BobAxelrod
Ahhhhh...alenac, you must have been reminded and recalled THE Joyvest of Bintai and Solution days.............
14 minutes ago |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 12, 2022 8:54 AM | Report Abuse Good Morning, sex and oats seemed to be odd couple.
Lots of Co*k and Pus*y stories. If you can believe such rubbish story. You deserve to go penniless.
Posted by joyvest > 1 hour ago | Report Abuse
It is said that many bxmi investors have complained to have lost substantially due to "wrong advice to buy call" by so called investment experts ( who are believed to have been "paid " to abet ).
On the above basis, it is believed that the SC would be under " instructions" to assist the aggreived bxmi investors to recoup their losses by approving the regularisation plan by hook or by crook after which the share price is expected to appreciate.....
If the above conspiracy holds true, it is good to buy some now but at your own risk.....
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 11, 2022 10:54 PM | Report Abuse If 2 sen dunno whether syndicate will goreng?
Ppmaster
How low the price can go,really dunno at the moment, need to monitor time to time. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 10, 2022 3:41 PM | Report Abuse Good afternoon, Serbak will eventually be delisted. Matter of time. If not it will be run by syndicates as in many 2 sen shares companies in the KLSE. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 10, 2022 11:01 AM | Report Abuse Good morning, Serbak is almost gone. What is left is for the vulture to forage. PN17 imminent. Winding up soon. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 9, 2022 2:34 PM | Report Abuse Good afternoon, at last the falling knife has reached a level where most would not argue. Horses have left the stable and authorities are toothless and politicians made money screwing the shareholders, creditors and banks. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 6, 2022 8:55 AM | Report Abuse
Chill man, I had my coffee. Just thinking of an outrageous scenario since many are frustrated and angry here.
Kinda like this guy.....hehehe....asking for Funds to work and frustrate the "perfect storm"......Please wake up, it's morning. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 6, 2022 8:48 AM | Report Abuse Well, maybe not yet to the abyss, prelude to it as the last round would be towards PN17 and delist. Shorting kind of arena on Monday? Does anyone with lots of funds work on a plan to reduce the price spread to frustrate shorting on Monday?
Posted by joyvest > 24 seconds ago | Report Abuse
Basically,no buyers except shortists to close their positions on the 9th.
It is going to be the one way straight plummeting to abyss.. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 6, 2022 8:33 AM | Report Abuse
More of speculators will buy Serbak. Every market will have suckers scraping the bottom of the pan. Big risk, big loss but by some miracle dreaming for a turnaround at the very end of the horizon.
BobAxelrod
We have been promised a spectacular show on Monday, an avalanche or massacre of sort. If these 1.4 B shares which is about 50% of NOSH, and additionally the local funds, retailers and mutual funds, it could reach 80%-90%.......basically everyone holding this baby wants out. Buyers = zero, then?
7 minutes ago |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 6, 2022 8:24 AM | Report Abuse Good morning, so Mad Cat is back to suck up Chef and gang disposal on Monday? Good luck on your buy, you all really need it fateful fans of Serbak before it moves into PN17 Status which I perceived would happen.
https://www.malaymail.com/news/money/2022/05/05/serba-dinamik-to-file-regularisation-plan-in-eight-months/2057286 |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 5, 2022 10:14 PM | Report Abuse Chef and gang got no money to pay the compound as all their personal bank accounts are frozen. So Serbak post suspension can sell their shares to pay for compound?
"Meanwhile, Malay Mail reported that the SC has granted Serba Dinamik and its top executives a two-week extension to settle their compounds (from April 28 which was the original deadline to pay up)."
“Sources said the company had appealed for an extension which was immediately rejected by the SC. A subsequent appeal was made by the company, citing difficulties in raising the money because their accounts had been frozen,” noted the English daily.
“Following discussions with the AGC, the SC agreed to extend the deadline by another two weeks which is understood to be on May 12.”
A little bird in the know – someone in the PM’s entourage – has revealed that while visiting the Malaysia Pavilion @ Expo 2020 Dubai on the penultimate day of the global trade showcase, the PM had “bumped into” Serba Dinamik Holdings Bhd group managing director/CEO Datuk Mohd Abdul Karim Abdullah and few other directors who happened to be on-site.
This is not surprising given that the global integrated oil & gas (O&G) outfit was a premier partner for the Malaysia Pavilion.
Interestingly, the source also shared that the Serba Dinamik management team led by its head honcho Abdul Karim had a “short meeting” with the PM.
https://focusmalaysia.my/is-there-a-dubai-link-to-the-ags-decision-to-... |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 5, 2022 8:56 AM | Report Abuse Good morning, decision time soon for Serbak losers, to sell or keep for the next generation? Ozark fans have been complaining about the lousy anti-climax Part 2 of Season 4 so do losers in Serbak on 9th May? |
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| Blog: Syed Zaid’s departure: Network hurls racist attacks on him for “not helping Malay companies” May 3, 2022 11:53 AM | Report Abuse Aiyo among Awesome TV's directors are Shoplot chairman and his son. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 3, 2022 11:36 AM | Report Abuse
Dun worry 8899EL8899 said the Minister, our next export products will be ketum and cannabis. Or so we will work towards spreading drug addiction as a way of life for the entire world. Heck we can't beat it we embrace it. Hopefully our land of plentiful will be Asia golden triangle in a few years.
So we hope our Singapore brothers will also legalise both products saving us the burden of appealing for clemency from the hangman's nose each time.
8899EL8899
malaysia have so much of natural resources,......sell a lot of palm oil,........yet, currency keep falling,.....soon become like africa country,......very sad |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD May 3, 2022 11:19 AM | Report Abuse Good morning, Ozark serial has ended happily, while Serba collapsed has more investors crying and cursing, while the BOD happily go scot-free. Corporate governance politico drama rules the event. It was the AG that gave the decision to let the wrongdoer go scot-free. Will it set a precedent that Bumi company is untouchable and can do no wrong in the capital markets? So investors please be careful when you invest in the Bumi companies. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD Apr 30, 2022 4:19 PM | Report Abuse 69 |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD Apr 30, 2022 3:46 PM | Report Abuse Classic corporate collapses can only happen in Malaysia where main players got exemptions from jailed terms for fraud. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD Apr 30, 2022 3:32 PM | Report Abuse Bad timing, bankers/lenders already applying for liquidation.
ken2004
Sorry to said, making the same mistake twice means you really deserve that to me, from the moment from 1++ drop till 30c++ period, it is already a proven mistake to catch the falling knife, so still dreaming on all the so called good news in 2021, will be another fatal mistake. KWAP quietly already throw all their stock without anyone knowing, those so called PNB, EPF etc have no issue to absorb this total loss at all as they are larger fund where they lost here, they can earn back somewhere.....for you, this is not the same case............my price estimate after 9 May will be below 5c.....
57 minutes ago |
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| Stock: [ROHAS]: ROHAS TECNIC BERHAD Apr 18, 2022 10:08 PM | Report Abuse Get a contract in a bankrupt country, Nepal just blocks the importation of luxury goods due to a lack of foreign currencies. |
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| Stock: [CLASSITA]: CLASSITA HOLDINGS BERHAD Apr 18, 2022 10:00 PM | Report Abuse Mini Serbak could be anything -staff stealing from shareholders, staff in cohort with directors to steal, fake invoices to window dress turnover etc. The Whitsel blower is a staff and alerts the independent director of what the top managers are doing.
On circumstances leading to the forensic investigation, Caely said: "One of the independent non-executive directors [of Caely] received an anonymous package containing documents raising concerns on several suspicious transactions involving CMSB.”
https://www.theedgemarkets.com/article/freeze-order-lingerie-maker-cae... |
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| Stock: [INSAS]: INSAS BHD Apr 16, 2022 9:40 AM | Report Abuse Insas, at beta 0.38, movement does not ape CI. Will move at its own pace, slightly difficult to predict. Stable price but not for speculation |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD Mar 29, 2022 9:55 AM | Report Abuse Seriously, organised fraud, with fake contracts and artificial sales, expenses, fund flows and imaginary profits and dividends paid all out of funds raised from bonds and rights?
i3lurker
The Edge info on the Fook Fook You means that its Organised Crime.
The Edge info is so interesting that Serba has the rubber stamps of Petronas, Shell, all customers and all suplliers............. shareholders are totally fooked by the Fook Fook You.....
12 minutes ago |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD Mar 29, 2022 9:38 AM | Report Abuse Good morning Master-Chef kitchen episode never ending. Drama after drama, longer than Law & Order series on court cases. |
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| Stock: [BJCORP]: BERJAYA CORPORATION BHD Mar 23, 2022 10:35 AM | Report Abuse Vincent's strategy is good. He appoints a Bumi to lead the group and as we know in finance he is a hopeless lot. Can dream of big ideas but the execution needs lots of money. So trusted VIVIENNE CHENG should be able to stop any reckless scheming ideas and keep the group afloat to pay interests and work for the banks. |
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| Stock: [BJCORP]: BERJAYA CORPORATION BHD Mar 21, 2022 4:13 PM | Report Abuse
This counter is like MuiB. But only many times bigger. Too many properties in the portfolio but many not able to be utilised for productive purposes.
warchest
Not easy to turnaround this underperformance elephant, when it was surrounded with many warlords, heirs and heiresses
47 minutes ago |
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| Stock: [BJCORP]: BERJAYA CORPORATION BHD Mar 21, 2022 4:09 PM | Report Abuse The cock scolded everybody when people are critical of Jalil and Bjcorp. Now he knows. Proposal to sell Bjtoto is like cutting the cockhead of BJgroup. With the head gone the body will collapse.
scanluver
Aiseh, c0ckraider's Batikman wet dream is already a nightmare. LOL
Phoebe
I hope stockraider be strong. Hopes his super jalil dream n hopes not crushed
2 days ago |
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| Stock: [ARMADA]: BUMI ARMADA BERHAD Mar 3, 2022 9:43 AM | Report Abuse Armada being played like Top glove. Bankers and financial institution lending shares to short the market. The only way is to wait for Bigboss to come in to mop up the share. |
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| Stock: [HIAPTEK]: HIAP TECK VENTURE BHD Feb 26, 2022 9:17 AM | Report Abuse All types of commodities and metals prices expect to move north as there will be prolonged economic wars between Russia and the west. Welcome to the future where physical war or battle will be targetted with fewer human lives lost, more of battle at all fronts including cyber and economic tools where victory could be less clear and battle prolonged.
"The US and EU – and the UK, too, once it gets its act together – will move to effectively cut off Russia from global financial markets. This will have wide-ranging economic impacts, as Biden himself has already acknowledged. Russia will respond by taking action to weaponise its own debt stock in the event of a freeze, but also likely intentionally seek havoc on hydrocarbon markets. Medvedev has promised Europe should prepare for sky-high gas prices for the foreseeable future. The effects will be felt far beyond Europe. Russia and Ukraine remain the key global breadbaskets in terms of grain production, and Russia has slowly been consolidating political control over its grain trading and fertiliser industries. The aforementioned Deripaska sanctions sent aluminium markets into a tail-spin and many metals could be similarly affected again in the current crisis. Russia will also further invest in efforts to undermine the US-led financial order, though it cannot have any hope of success here without full coordination with China at a minimum."
https://www.aljazeera.com/opinions/2022/2/24/russia-and-the-west-are-m... |
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| Stock: [RENEUCO]: RENEUCO BERHAD Feb 26, 2022 9:09 AM | Report Abuse Latest Quarter unaudited looks like ongoing cleaning of past creative accounting. Profit down severely and the lowest NTA in recent time. Perhaps lessons already learnt from the Serbak fiasco. But as in all Chef companies, will have to wait for an annual audit to determine the real results. |
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| Stock: [ARMADA]: BUMI ARMADA BERHAD Feb 26, 2022 8:49 AM | Report Abuse Good year for oil prices moving forward.
"The US and EU – and the UK, too, once it gets its act together – will move to effectively cut off Russia from global financial markets. This will have wide-ranging economic impacts, as Biden himself has already acknowledged. Russia will respond by taking action to weaponise its own debt stock in the event of a freeze, but also likely intentionally seek havoc on hydrocarbon markets. Medvedev has promised Europe should prepare for sky-high gas prices for the foreseeable future. The effects will be felt far beyond Europe. Russia and Ukraine remain the key global breadbaskets in terms of grain production, and Russia has slowly been consolidating political control over its grain trading and fertiliser industries. The aforementioned Deripaska sanctions sent aluminium markets into a tail-spin and many metals could be similarly affected again in the current crisis. Russia will also further invest in efforts to undermine the US-led financial order, though it cannot have any hope of success here without full coordination with China at a minimum."
https://www.aljazeera.com/opinions/2022/2/24/russia-and-the-west-are-moving-towards-full-out-economic-war |
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| Stock: [CAPITALA]: CAPITAL A BERHAD Feb 25, 2022 3:49 PM | Report Abuse Mana mau cari RM7.4 bill, and leasing liability of RM13.9 bill in the medium term? Likely to crash sooner or later.
The research house CGS-CIMB pointed out that satisfying Bursa Malaysia involves restoring shareholders’ equity to at least 50% of Capital A’s RM8.5 billion in paid-up share capital — a tall order considering the company had a negative shareholders’ funds position of RM3.2 billion at Sept 30.
“In order to be uplifted from PN17, it will need a RM7.4 billion boost to its shareholders’ funds on a pro forma basis,” it said in a note.
One likely accounting option to reduce the gap would be for Capital A to obtain shareholders’ and court approval for a capital reduction, it said, something that would make it less onerous to meet the 50% target.........................
AirAsia’s lease liabilities amounted to RM13.9 billion as of the third quarter of 2021. It had managed to rewrite 17 leases involving a waiver of RM187.8 million, but it still has over 140 aircraft leases to be renegotiated.
https://www.freemalaysiatoday.com/category/highlight/2022/02/25/airasi... |
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| Harapan was the first 'kerajaan gagal'! After that are just imcomptence! Feb 20, 2022 9:26 PM | Report Abuse It is not Harapan that failed. Harapan came in with the hope to clean up corruption but it found out that kleptocracy has indeed spread into the very fabric of the society leaving too many poor among the Malay despite 60 years of NEP. The restructuring of society was a failure. Instead of progress, it became a free for all stealing among the elite Malays at the expense of the poor. The situation is so bad that the poor are now too dependent on handouts which they believe only the corrupt can dish out such goodies. |
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| Stock: [ARMADA]: BUMI ARMADA BERHAD Feb 19, 2022 8:34 PM | Report Abuse Third world war is possible as all the past 2 world wars started in Europe. Now with nuclear arsenals to be deployed by madman Putin. This man is unstable and was responsible for the shooting of MAS plane over Ukraine.
DONETSK, Ukraine, Feb 19 (Reuters) - Russia's President Vladimir Putin was set to oversee exercises by strategic nuclear missile forces on Saturday as Western leaders gathered in Munich, fearful that he could order troops massed on Ukraine's border to invade at any time.
Russian-backed separatist leaders in eastern Ukraine declared a full military mobilisation, a day after ordering women and children to evacuate to Russia, citing the threat of an imminent attack by Ukrainian forces. Kyiv flatly denied the accusation and Washington said it was part of Russia's plan to create a pretext for an invasion of Ukraine. read more |
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| Stock: [ARMADA]: BUMI ARMADA BERHAD Feb 19, 2022 5:23 PM | Report Abuse Signs of imminent war, the oil prices will jump.
Warning sirens blared in Donetsk and Luhansk on Friday after rebel leaders there announced the evacuation of hundreds of thousands of people to Russia.
"We have reason to believe the Russian forces are planning to and intend to attack Ukraine in the coming week, in the coming days," Biden told reporters at the White House, adding that Kyiv would be a target.
Late on Friday, Ukraine's military intelligence said Russian special forces had planted explosives at social infrastructure facilities in Donetsk, and it urged residents to stay at home. The Russian Federal Security Service did not immediately reply to a request for comment
Earlier, separatist leaders in Donetsk and Luhansk issued video statements in which they announced the evacuations and accused Ukraine of preparing to attack both regions soon - an accusation Kyiv said was false.
https://www.reuters.com/world/europe/shelling-breaks-out-east-ukraine-west-moscow-dispute-troop-moves-2022-02-17/ |
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| Stock: [ATAIMS]: ATA IMS BERHAD Feb 19, 2022 8:35 AM | Report Abuse More exposure of corruption to silence Andy Hall.
Ramachelvam said Hall stood by his remarks claiming that the recruitment firm boss had tried to entice him with a consultancy at a Johor company, ATA IMS Bhd, which made him feel it was a form of corruption and bribery.
https://www.freemalaysiatoday.com/category/nation/2022/02/18/activist-stands-by-comments-about-company-boss-says-his-lawyer/ |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD Feb 18, 2022 10:41 AM | Report Abuse Good morning Huangbk72, Kacang putih already gone mad, articles after articles without any substance. No cure.
Posted by Huangbk72 > Feb 18, 2022 10:35 AM | Report Abuse
As usual spinning stories with no inkling of basic accounting terminologies.
KPMG was saying financial transactions
EY was saying financial impact.
Apples can compare to oranges? LOL
Really GILA this Kacang Putih. Trying to scrape bottom of the barrel for justifications. |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD Feb 17, 2022 2:27 PM | Report Abuse Yeah it is high time to make corporate thieves accountable.
Sslee i3lurker,
No worries Pearlwhite will start a class action suit to claim shareholders losses from the directors.
https://www.freemalaysiatoday.com/category/opinion/2022/02/16/personal...
Fund managers, retail investors and independent directors have been watching the outcome of a large payout for shareholders in a recent class action suit. It was the first ever collective investor action, where over 55,000 shareholders won a court-ordered payout of approximately US$385 million (RM1.61 billion).
17/02/2022 2:12 PM |
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| Stock: [ARMADA]: BUMI ARMADA BERHAD Feb 14, 2022 4:52 PM | Report Abuse Invasion to start on Wednesday? wow, oil price will be all time high.
https://www.thestar.com.my/news/world/2022/02/13/us-officials-won039t-confirm-reports-on-possible-russia-invasion-of-ukraine-on-wednesday |
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| Stock: [ARMADA]: BUMI ARMADA BERHAD Feb 14, 2022 11:04 AM | Report Abuse Russian invasion of Ukraine imminent, oil price going to hit the sky. Russia going into recession and Putin need an excuse to prep his popularity at home.
https://www.youtube.com/watch?v=QPMEQX17rdA |
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| Stock: [ATAIMS]: ATA IMS BERHAD Feb 12, 2022 3:33 PM | Report Abuse A long period of attempting to hide the truth. Looks like the end of the relationship between ATA and Dyson. No new high-value supplier results after June will be bad.
Reuters reported on Nov 25 and Dec 5 that ATA's mostly migrant workforce did overtime hours exceeding Malaysia's legal limit of 104 per month, and worked on Sundays. Citing 11 employees, Reuters also reported on Dec 5 that ATA had coached staff ahead of labour inspections to hide true working and living conditions, and employed foreigners without permits.
ATA acknowledged publicly on Dec 7 some violations, made some improvements, and said it now complies with all regulations and standards.
In a statement to Reuters on Friday, Dyson said it conducts frequent audits to monitor its supply chain and make improvements, and that it terminated its contract with ATA after the supplier failed to take swift action on a recent audit.
ATA was audited six times between 2019 and 2021, it said.
"During this period we demanded, and achieved, numerous improvements for ATA employees, including ensuring that more than 1,250 ATA workers had recruitment fees reimbursed to them on a point of principle," it said.
"We received the results of the final inspection in October 2021, at which time it became clear to us that ATA management was not acting swiftly or vigorously enough to respond to Dyson's demands for further improvements. We therefore moved quickly to terminate our relationship, with six months' notice, enabling an orderly withdrawal."
UPlanet https://www.theedgemarkets.com/article/dyson-faces-claims-former-worke... |
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