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[Tempatan]
V24: MH370 - PETUNJUK SATELIT SEMAKIN MEMBERI TINDAKBALAS POSITIF ...
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i ada byk stories dari go team yg balik dari beijing.. kalau dgr their stories boleh mengigil tahan marah. terok dia org kena. setakat kena ludah tu mmg biasa. |
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SR nak join check in jugakk...  |
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totokreturn posted on 28-3-2014 07:39 PM
standby tread........akak nak semayang dulu uiols.......bincang elok2 yer......
Bila kau buat pembedahan tukar jantina?  |
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juliez posted on 28-3-2014 08:59 PM
i ada byk stories dari go team yg balik dari beijing.. kalau dgr their stories boleh mengigil taha ...
Share la stories. |
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Struggling Malaysian Airline may need government bailout, analysts say
KUALA LUMPUR (REUTERS) -
Even before the loss of its flight MH370, Malaysian Airline System (MAS) was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.
The flag carrier's cash and short-term investments at end-December were close to US$1.2 billion (S$1.52 billion) - less than its average operating costs of the two previous quarters, and a signal that it may soon need fresh funding or bank loans.
MAS, Southeast Asia's fourth-largest airline by market value, has had negative operating cash flow for three years - which means it is not generating enough cash to meet its day-to-day operating costs - and has had negative free cash flow - operating cash flow minus capital expenditure - for six years.
No one has yet calculated the cost to the airline of the lost plane, which is now assumed to have crashed into the Indian Ocean earlier this month with 239 passengers and crew on board.
While the plane was insured, there will likely be compensation payouts to the relatives of those who died.
"What this accident is going to create is an acceleration of the downward trend that we've seen at MAS for years, and the need to restructure," said Bertrand Grabowski, who heads German bank DVB's aviation and land transport finance divisions. "The only way out is shrinking, in terms of capacity and route network."
MAS has based its recent strategy on having more plane seats filled by cutting ticket prices as it battles rivals AirAsia and Indonesia's Lion Air, which have expanded capacity. Bankers and analysts say the loss of Flight MH370 will dent bookings at MAS, making a fresh capital raising more likely.
"Even assuming this is a one-off and the travelling public realizes it's out of (the airline's) control, we expect some quarters of declining bookings, further cuts in ticket prices and - without any change to its high cost base - MAS is likely to bleed even more red ink than it did in 2013," said Timothy Ross, Asia-Pacific transportation analyst at Credit Suisse, which forecasts another three years of losses at MAS.
"It certainly becomes highly likely that liquidity will suffer and its capex program and possibly financing even day-to-day operations might require an injection of more funds."
There are no forecasts yet on how much insurers are likely to pay for the lost flight, but Torsten Jeworrek, board member at Munich Re, the world's largest reinsurer, has said the US$500 million reported in some media was too high.
Allianz, the lead insurer covering the airplane, has said it has begun paying out on claims linked to its disappearance.
"Primarily, it's Malaysian Airlines' reputation and, to a lesser extent, that of the aircraft hull and engine manufacturers on the line until the cause is identified to be something outside their control," said Anna Tipping, partner at law firm Norton Rose Fulbright in Singapore.
"MAS will take the initial brunt of the loss, being the carrier, but once the cause of loss is identified the blame and consequences will shift. For PR reasons, particularly if there are going to be payouts to the families of the victims, then that will probably be paid sooner rather than later and by Malaysian Airlines because of the reputational aspect," she added.
MAS declined to comment on its financial situation. CEO Ahmad Jauhari Yayha told a briefing on Tuesday that it was "a very painful period for the airline."
Until Flight MH370 vanished, MAS had been looking to break even this year. In February, Ahmad Jauhari, a triathlete and long distance runner, said the airline expected further pressure on its yields - passenger revenue per seat - and would try harder to cut its structural costs and improve productivity.
"Management's focus is understandably diverted to this crisis and so the running of the airline is more or less on auto pilot," said Shukor Yusof, analyst at Standard & Poor's Capital IQ. "The cost of money for MAS would rise considerably because of this incident in spite of it being sovereign guaranteed."
MAS shares have slumped to life lows and have lost three-quarters of their value in the past five years.
The airline last raised funds almost a year ago through a US$1 billion rights issue. It also raised 7.8 billion ringgit through Islamic bonds and a special purpose vehicle owned by the finance ministry to buy planes in mid-2012.
Khazanah, which owns 69 per cent of MAS, backed the recent rights issue. In 2012, Khazanah had tried to cut its stake in the airline, but the powerful Malaysian Airline System Employee Union (MASEU), which represents the airline's 20,000 workforce, rejected a share swap deal with AirAsia.
"Khazanah will have to support MAS (just) as Temasek backed Neptune Orient during the financial crisis," said an investment banker, referring to the Singapore state investor's support for the local shipping firm's 2009 rights issue.
R. Sivarasa, a member of parliament for Malaysia's PKR opposition party, said MAS was one of the country's "sick"government-linked companies which "basically bleed public funds." "As far as MAS is concerned, they'll bail them out,' he said.
Bankers warned that MAS' financial situation meant it was unlikely to secure government approval for its multi-billion dollar plans to buy 100 new aircraft.
Some banks with exposure to MAS say government support for the airline is the only reason they are still standing by it.
"We don't need to put MAS on a watch-list. Most banks have lent money to the airline because of the government support, and now it will be stronger than before," said one banker. "If you look at the areas of criticism during this incident, they're mainly on the investigative side, on passport checking. This is about Malaysia Inc, not MAS."
The airline's main bankers, according to its latest annual report, are RHB, CIMB, Maybank and Citibank.
As of end-December, MAS had total debt of 11.7 billion ringgit. Its next major debt repayments are due in mid-2022, when US$455.2 million worth of bonds mature, according to Thomson Reuters data.
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Kalu aku nak speku pasal mamat Philip tu laku lagi tak Kat rumah baru nih? Kalau lah, Philip tu memang betul penumpang MH370 tu, bermakna dulu ada waris cina cakap pasal phone ringing tu betul lah gamaknya. |
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stania83 posted on 28-3-2014 12:12 PM
si pilot kelana36 pon di panggil sis. Kita semua sis disina tak kisahla lelaki ke perempuan.
equality for all..gamaknye |
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Chinese celebs lash out at M'sia over MH370
A number of big-name celebrities in China, including award-winning actress Zhang Ziyi, have hit out at Malaysia's handling of the search for Malaysia Airlines Flight MH370.
Several celebrities took to Weibo - a Shanghai-based Twitter-like microblogging service – to condemn Malaysia and urge a boycott of Malaysian products.
"The Malaysian government has offended the world! We are looking for the airplane but you are more concerned about timing.
"Malaysian government, today you have done wrong. You are wrong failing to take responsibility. You are wrong for prioritising political manoeuvres instead of respecting life.
"You are wrong for failing to respect the universal.. quest for truth," wrote Zhang on March 25, 17 days MH370 went missing and a day after Prime Minister Najib Abdul Razak revealed that the plane went down in the Indian Ocean.
Among the 239 people on board MH370 were 152 Chinese nationals. One of them was Jo Kun, who was once Zhang's fight choreographer.
Actor Chen Kun (right), another famous Chinese celebritry, accused the Malaysian government and MAS of "clownish prevarication and lies", also on March 25.
He added that he would boycott all Malaysian products and avoid coming to Malaysia indefinitely.
Posts by Zhang, Chen and other Chinese celebrities have been widely shared online by Chinese
Some Chinese netizens have also urged a boycott of Malaysian artistes such as Fish Leong (right), Gary Chaw, Lee Sinje and Ah Niu, who are popular for their music and movies.
Bahau-born Leong, who is an expectant mother, drew scorn from Weibo users after uploading a photograph of three candles as a mark of respect for MH370 victims.
Numerous Chinese netizens responded by cursing her and her unborn child. The photograph has since been removed.
In an apparent attempt to stem the anger and distrust in China, Malaysian officials have also met the Chinese ambassador to Malaysia Huang Huikang to ask for the Chinese government to engage and help clarify the situation to the bereaved relatives and the public.
“Malaysia is working hard to try and make the briefings to the Chinese relatives in Beijing more productive,” read a statement sent out by the Transport Ministry today.
PS: harap rakyaat malaysia jgn jadi macam dorang. Tapi kalau artist2 ini jejak kaki kat malaysia...korang lepah selipar kat muka dorang ok 
Jgn bimbang kita rakyaat spork semua berdiri belakang malaysia.....
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juliez posted on 28-3-2014 12:59 PM
i ada byk stories dari go team yg balik dari beijing.. kalau dgr their stories boleh mengigil taha ...
story mory morning glory please
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jetrofa posted on 28-3-2014 12:38 PM
Ex-MAS CEO Tan Sri Abdul Aziz Abdul Rahman, kata Fariq (co-pilot) knew the Quran by heart (min 0:47) ...
ya allah dia hafiz quran ke |
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cfa posted on 28-3-2014 09:14 PM 
Kalu aku nak speku pasal mamat Philip tu laku lagi tak Kat rumah baru nih? Kalau lah, Philip tu mema ...
kalau aku jadi mamat philip ni, aku hantar kat public forum. kalau hantar kat family, exposure will be limited, family aku pun x tau nak buat apa kalau received msg mcm tu.
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juliez posted on 28-3-2014 08:59 PM
i ada byk stories dari go team yg balik dari beijing.. kalau dgr their stories boleh mengigil taha ...
too bad we hv to deal with prc. if dr negara lain mungkin tak la seteruk ni kita kena. patutnya, ada la go team tu rakamkan sifat kurang ajar prc2 tu semua dan sebarkan la kat mana. dr nak kesian, jd geram pun iya jgk, |
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lorelai posted on 28-3-2014 09:24 PM
ya allah dia hafiz quran ke
cenggitu la lagunya dek non...
semoga apa yg d dedahkan oleh ciki oz hari tu sekadar cerekarama...walapun bergambar
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mziskandar posted on 28-3-2014 09:25 PM
kalau aku jadi mamat philip ni, aku hantar kat public forum. kalau hantar kat family, exposure wil ...
Tapi Philip ni memang hantar message kat public forum kan? Cuma yang waris cina tu je diorang sendiri call, ada ringing,1x ke2x, pastu senyap. |
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pittjie posted on 28-3-2014 01:26 PM
too bad we hv to deal with prc. if dr negara lain mungkin tak la seteruk ni kita kena. patutnya, a ...
may malaysian heart remains with them!set them brave like corokodail....
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Check in.....msh lg tiada apa2 up date |
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lorelai posted on 28-3-2014 09:24 PM
ya allah dia hafiz quran ke
Sesetengah surah je kot. Tgk insta dia agak daring jugak bakal isterinya. Kalau betul2 hafiz rasanya mungkin xpilih yang bukak2 ni kot
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jetrofa posted on 28-3-2014 01:32 PM
cenggitu la lagunya dek non...
semoga apa yg d dedahkan oleh ciki oz hari tu sekadar cerekaram ...
oo yg tu mmg pon
sbb tgn dia kan sentiasa ke belakang..smoga aallah rahmari |
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Post time 28-3-2014 08:59 PM
Post time 28-3-2014 09:25 PM
