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Sunday, April 17, 2016

Proton agrees to terms for RM1.5 billion soft loan

Proton agrees to terms for RM1.5 billion soft loan

(Not my work: Article sourced: by Gerard Lye.)

Recently, the Malaysian government approved Proton’s application for a soft loan of RM1.5 billion. The loan does of course come with a set of terms, and it has been revealed that Proton will agree to all of them.

This includes providing a convincing business model along with a strategic plan to expand its domestic and international markets. Both will be overseen by a special task force that will be set up and it will be led by Pemandu chief executive Datuk Seri Idris Jala. It is yet unknown who will be part of the task force.

According to a report by Bernama, International Trade and Industries (MITI) minister Datuk Seri Mustapa Mohamed said the government will set a timeline for Proton to implement its turnaround plan. “The government will not interfere in the company’s operation, but we will monitor it based on the conditions set by the Ministry of Finance,” he said.

When asked if the Government would bail out Proton, similar to the way it did Malaysia Airlines System Bhd (MAS), Mustapa said, “Proton’s (case) is not like (that of) MAS, it’s a private company but it produces our national car.”

“We are also taking into consideration the interest of its some 60,000 workers and vendors. This is why we’ve decided to grant them the soft loan. We hope Proton will do better as it is important for 60,000 people working under the company,” he added.

Proton is confident of its turnaround plans, and has expressed its appreciation to the Malaysian government for approving the loan. With new models like the Perdana on the way (followed by the new Persona and Saga), and its partnership with Suzuki, do you think Proton can live up to expectations?

Wednesday, April 06, 2016

Road Trip Vol 1: 3d/2n Seremban-Shorea

In this blog entry, I'm writing about Road Trip Series...  This is the 1st volume.  I need you READERS/SUBSCRIBERS of this Blog to post your Road trip experience here...  Don't worry, I will Label your work Eg. "by Steven Ng".   

I took my Waja to a long distance trip from 5 to 7 September 2015 (1 month before I sold my Waja).  It's From PJ to Seremban town overnight, then proceeded to Shorea Resort at Berembun, Dusun, Negri Sembilan using part NKVE part trunk roads. 

Accomodation and Itinerary below:
Accomodation 1 costs USD147.00 per night. (est. RM610) Can accomodate up to 15 pax.
Accomodation 2 costs estimate RM2100. Recommended for up to 10 pax.
(9 of us share)

Extra 2 items in the itinerary:
1) Restoran Yi Poh was closed on that day, so we Lunch at "U Lucky Seafood". 
2) After that, we Went to Empayar Seremban Siew Pow. Before we head home.

Well, there's a saying a picture's worth 1000 words.  Enjoy the photo gallery:

Some of us played Card Games.  Settlers of the Catan.



Above: Additional Destination not stated in the itinerary.

LAST STOP: Seremban Siew Pow factory.

End of Retreat Gallery.

That's all folks, thanks for having the time and patience to read this blog entry.  An Original Jefferson Lim's Producton.  Copy like a man, don't plagiarize.