A bailout by any other name is just the same...

Valuecap to buy out "undervalued" companies using (borrowing) RM5 billion of the already "straining to make ends meet" people's EPF retirement fund...(yup, use us poor sods monies, keep all of your personal multimillion dollar nest-eggs somewhere else, safe and sound like in Australia, Cayman Islands, Jumeirah properties...can I borrow one million from you UMNO fellas...want to make quick kill on forex..then I give you back, I promise)

RM5 billion capital injection into Valuecap viable, says Nor Mohamed

KUALA LUMPUR, WED:

The government’s move to inject RM5 billion into Valuecap Sdn Bhd, the government investment agency, to buy undervalued stocks in the local bourse is a viable investment, Second Finance Minister Tan Sri Nor Mohamed Yakcop told the Dewan Rakyat today.

He said this was based on Valuecap’s growth and its higher profit between 2003 and now. Valuecap’s portfolio had grown from RM5 billion initially to RM8 billion now. Full story.

Cuepacs says gomen cutting 50,000 jobs in civil service because got no money...

300, 000 Malaysians in Singapore face retrenchment...Human Resource Minister says no problem...can put them to work here... gomen also pokai already meh...how to pay

"Dr Subramaniam said that many of the Malaysian workers in Singapore were unskilled and employed in the manufacturing sector.

Asked about whether the ministry had a contingency plan for such a situation in Malaysia, he said that Malaysia would have excess job vacancies as work presently being done by foreigners could be offered to locals instead."

Like what? Sweepers, construction workers, mamak restaurant helpers, maids? So what will become of the hundreds of thousands of migrant workers here...cari makan by robbing the locals through sheer desperation?

Sorry..nothing constructive I can offer here...just voicing my unsolicited thoughts as usual.