Friday, January 14, 2011

Wednesday, November 4, 2009

PTPTN TIDAK JADI BIASISWA? Save your money Now!

PTPTN tidak jadi biasiswa

KERAJAAN tidak bercadang menukarkan pinjaman Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) sebagai biasiswa, kata Timbalan Menteri Pengajian Tinggi, Datuk Dr Hou Kok Chung mengingatkan peminjam PTPTN yang belum membuat bayaran supaya segera berbuat demikian.

“Kerajaan memang prihatin tetapi kita tidak boleh menukar status pinjaman kepada biasiswa.

“Saya berharap peminjam memahami tanggungjawab masing-masing untuk membayarnya bagi memastikan PTPTN dapat terus menjalankan fungsinya,” katanya menjawab soalan tambahan Datuk Ibrahim Ali (Bebas- Pasir Mas) yang mencadangkan jumlah tunggakan hutang PTPTN dihapuskan dan menukarnya kepada biasiswa berikutan jumlahnya masih kecil.

Terdahulu ketika menjawab soalan asal Tengku Razaleigh Hamzah (BN-Gua Musang), Hou berkata, PTPTN dijangka mengalami defisit sebanyak RM48 bilion pada 2020 berikutan kegagalan sebahagian besar peminjam menjelaskan hutang.

Katanya, sehingga 30 September lalu, jumlah yang sepatutnya dibayar kepada PTPTN ialah RM3.26 bilion membabitkan 780, 000 peminjam.

Wednesday, October 7, 2009

Get Your Triple Lifestyle Protector Plan

LAUNCHING OF NEW PRODUCT ( KLIK HERE > )
- TRIPLE LIFESTYLE PROTECTOR PLAN -

We are pleased to inform you that our latest and innovative insurance product is now available starting October 1st, 2009.

Our new product is called the “Triple Lifestyle Protector” plan and it is a Regular Premium Whole Life Non-Participating Plan which offers policyholders GUARANTEED benefits such as:

1) Guaranteed!!! Triennial (every 3 years) cash payment at 15% of basic sum assured starting from the end of the 5th policy year.

2) Guaranteed!!! Triennial Cash Payment for life or until age 85.

3) Guaranteed!!! 100% payment of Sum Insured at Maturity.

For more details and benefits, please e-mail to m.jamil.ali@gmail.com

Tuesday, August 18, 2009

Wednesday, July 1, 2009

More heads may roll over Madoff scam

NEW YORK -- A person familiar with the investigation into disgraced financier Bernard Madoff (MAY'-dawf) says at least 10 more people are likely to be charged by the time the probe is complete.

The person tells The Associated Press they will face federal charges over the next few months. The person spoke on condition of anonymity because the investigation is ongoing.

Madoff was sentenced Monday to 150 years in prison for a multibillion-dollar fraud that burned thousands of investors.

The person familiar with the probe wouldn't detail the likely charges against the others or say whether they would include Madoff's relatives or former employees.

The only other person charged in the case is Madoff's longtime accountant, who was accused of failing to make basic auditing checks and was arrested in March. - AP

Tuesday, June 30, 2009

MADOFF SCAM BECOMES 'EARTH' QUAKE $50B DISASTER RIPPLES FROM TOKYO TO GENEVA

December 14, 2008
Posted: 2:16 am
December 14, 2008

The fallout from a stunning $50 billion swindle - allegedly engineered by Bernard Madoff - is turning into a global pandemic.

MORE: All Eyes On The Odd-itor

MORE: Skilled Actor Was Perfect In 'Con'cept

MORE: Victim: He Showed Us The Money

International banks, hedge funds and small-time investors from Japan to Switzerland emerged yesterday as potential victims in what's being called history's largest Ponzi scheme.

The international losses alone could be more than $8 billion.

Just in Geneva, banks reportedly may be out of $4 billion invested with Madoff.

Tokyo's Nomura Holdings, which reportedly recently began marketing Madoff's fund abroad, also is swept up in the financial wipeout.

And Bermuda's Kingate Management had invested part of its $2.8 billion fund with Madoff.

"It's overwhelming. We have been interviewing people from as far away as Argentina, London - of course, Palm Beach and the New York area - up and down the Eastern seaboard, and out West," said attorney Mark Mulholland, who has filed a class-action suit against Madoff in federal court in Long Island.

Meanwhile, it was revealed yesterday that Madoff's investment business hasn't been inspected by the Securities and Exchange Commission since he registered with the agency in September 2006, according to Bloomberg News.

Generally, the SEC scrutinizes a newly registered firm's books in the first year and then checks them at least every five years.

Madoff's brokerage firm - which is separate from the investment business - was found to have three violations in a 2005 inspection for violating rules on trade prices. But the company was inspected last year without a claim.

While the effects of the alleged scam were felt worldwide, the brunt of its effect is being felt among wealthy country-club investors Madoff cultivated on Long Island and in South Florida.

Some of the Big Apple's wealthiest individuals and institutions may have been duped, including Yeshiva University - on whose board Madoff sat - Mets owner Fred Wilpon and the former owners of the Stop & Shop supermarket chain.

Other notables who have reportedly been stung by the collapse of Madoff's fund are Sen. Frank Lautenberg (D-NJ) and members of New York's Loeb family.

Sources say Kay Windsor founder Carl Shapiro lost $400 million, and Nine West founder Jerome Fisher, who lives in Palm Beach, Fla., lost $150 million.

North Shore-Long Island Jewish Health System on Long Island and the Texas-based Julian J. Levitt Foundation are also believed to have lost millions.

"The numbers we are hearing from these victims in terms of losses are in the hundreds of millions absolutely," Mulholland said.

American hedge funds were far from immune.

Maxam Capital Management, of Darien, Conn., may have lost $280 million and has been forced to close. The Fairfield Greenwich Group in Connecticut had part of its $7.5 billion fund invested with Madoff. And New York-based Access International also lost an unknown amount.

The SEC has seized Madoff's assets and Lee Richards has been named receiver to go through Madoff's books to determine who is entitled to surviving funds.

Investors anxious about their investments have been urged to call Richards at (214) 647-7511.

Additional reporting by Stephanie Cohen and AP

Friday, March 27, 2009

How Much Cash Do You Have?

Think About This.

1) A man with an asset worth a million

2) A guy with a cash in hand a million

Which one do you think have a buying Power?

Can you afford to pay RM2375 annually? = Less than RM200 a month.
Then you can have an "immediate Cash" of RM1,000,000