Ganesh Sahathevan

In response to the article below , Al Gore and his Generation Investment Management(generationim.com) have advised via email that neither he individually, nor any entitiy in which he has an interest, including Generation Investment Management , have any equity or any other form of investment in any of the companies reported to be controlled by Vinod Sekher.

As reported by Bloomberg: Actor Bruce Willis sued Malaysia's Petra Group and its chairman, Prince Imran Ibni Tuanku Ja'afar, saying $900,000 of the $2 million he invested in a ``green rubber'' venture wasn't returned to him. Petra's chief executive officer, Datuk Vinod B. Sekhar, and Ja'afar induced Willis in 2007 to invest in a company that was developing a nontoxic and recyclable rubber, the actor said in a complaint filed today in federal court in Los Angeles. Willis accuses Petra and the executives of breach of contract and unjust enrichment. Willis was told that former U.S. Vice President Al Gore and actor Mel Gibsonalso had invested in the company, Elastomer Technologies Ltd., according to the complaint. Willis had a put option, whereby for a specified period time he could get a full refund of his investment, according to the complaint. He exercised the option on March 17, Willis said. ``Despite defendants' obligation to immediately refund Willis...

Zeti , governor Bank Negara has told THE STAR: “The decline in reserves is mainly due to a reversal of short-term capital flows. That was the result of the deleveraging process by investors following the financial distress experienced in the United States and in Europe,” “In October, we had the international meltdown. Are we concerned (about the fall in reserves)? No, because this is part of the deleveraging process and immense demand for US dollars by the international investment banks and other entities that are deleveraging,” (http://biz.thestar.com.my/news/story.asp?file=/2008/11/13/business/2532269&sec=business) No need for concern? Perhaps, but here are some numbers which are so large, it is hard to see how anyone would not be concerned. First, between 15 May 2008 and 31 October 2008, Bank Negara’s total assets in Malaysian Ringgit terms fell 26% from RM 506,986,188,441 to RM 374,372,661,598. Reserves of foreign exchange and gold alone fell 13.6% , from RM 399 919 106 509 to ...

Tasmania is said to have ideal conditions for producing electricity through wind power due to its location near the path of the Roaring Forties winds: Tasmania is located south of the 40th parallel in the path of prevailing westerly winds, the Roaring Forties, which ensure that Tasmania has conditions that are ideal for producing electricity through wind power. Hydro Tasmania’s research shows that 1,000 MW of wind energy could be generated by utilising these winds; enough energy to supply electricity in Tasmania and to mainland Australia. With Basslink, Tasmania could potentially sell excess wind-powered electricity to Victoria and other southern mainland states during their peak-load periods. At May 2003, there are four wind farm sites or potential sites in Tasmania: Woolnorth, King Island's Huxley Hill, Heemskirk and Musselroe. Information on all three wind farms, can be found on the Hydro web site-http://www.hydro.com.au/home/ (Source: http://tinyurl.com/3vvp4de) South Australia...

Value Cap Sdn Bhd commenced operations in January 2003.Its capital base comprised RM 50 million in equity , provided equally by Khazanah Nasional Berhad,Permodalan Nasional Berhad and Majlis Kumpulan Wang Amanah Pencen and RM 9.95 billion in debt provided by the same shareholders in almost equal proportion. Debt was in the form of bonds with a maturity of 3 years-for details of that issue see http://www.sc.com.my/SC/search_issuer.asp?stype=S&skey=V The bonds were issued on 28-02-03. They have a coupon rate of 3.5% per annum. Readers will note from the documents that "Upon maturity, the Bonds shall be renewable for up to three (3) years at the discretion of the Bondholders." In February 2006, bondholders agreed to extend the term by another three years. As reported by Business Times Malaysia: VALUECAP Sdn Bhd, the government-backed asset management company, had the maturity of its RM10 billion bonds extended, indicating that its operations may be continued for three more y...