The government assures that losses suffered will not affect EPF contributors as the government is paying for them and the RM5.1 billion loan from EPF is guaranteed by the government. The government has money to pay any losses as they collect tax and they also have massive income from Petronas. The Muslims should not be unduly concerned with the tax money as they pay zakat. As to Petronas money, they also should not be unduly concern as Petronas money is reaped from the ground and it was god who planted those oil underneath the earth to pay for those losses.
The good news is ValueCap often pays dividends to their shareholders even though they suffered massive losses. So the shareholders - Pension Trust Fund, Khazanah and PNB should be happy and delighted.
As such, the shareholders are prepared to refinance ValueCap so that they can make timely loan interest payment; thus ensuring that they are AAA-rated.
The government also said they are using Petronas money to finance all those losses and expenses and development costs including eurocopters, fungi-infected hospitals, MRR2 repair, Parliament leaks and defects rectification and Umno elections.
Petronas has contributed to RM62.8 billions of the government's revenue this year which equals 44% of the total revenue.
Though we expect Petronas' revenue to shrink this year due to the lower crude oil price, Petronas should be able to continually contribute to substantially to pay for the excesses and losses. We must thank god that we will continually have oil and gas underneath. We must also thank Mahathir for money politics which have help to pay for the higher cost of living. We must thank Pak Lah too because he has raised thew price of fuel to RM2.70 and also lowered it down to RM2.15. We have high hope on Najib to contribute to the effective management of the nation's economy.