International Malaysian stock exchange collapses - OMG

Discussion in 'Sharemarket News & Market Analysis' started by Scott No Mates, 16th Jan, 2018.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    Is this the tip of the iceberg? Will other exchanges collapse too? Another GFC in the wind?



    No, not what I first thought.

    Linky
     
  2. The Y-man

    The Y-man Moderator Staff Member

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    Um..... Malaysia and Indonesia are different countries...... ;)

    The Y-man
     
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  3. Marg4000

    Marg4000 Well-Known Member

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    Actually, it was Indonesia!
    Marg
     
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  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Geez. Did Indonesia get in first to beat the rush?
     
  5. Ace in the Hole

    Ace in the Hole Well-Known Member

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    You got to wonder how a modern day structure can fail like that under normal use conditions :rolleyes:
     
  6. hammer

    hammer Well-Known Member

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    Ever seen how they build em in SE Asia?
     
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  7. Scott No Mates

    Scott No Mates Well-Known Member

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    I'm having a blonde day.
     
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  8. DaveM

    DaveM Well-Known Member

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    Was overloaded with bitcoin
     
  9. MTR

    MTR Well-Known Member

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    Surprised, no one got hurt, feeling sorry for the 2 guys walking directly under the structure....
     
  10. The Y-man

    The Y-man Moderator Staff Member

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    A lot of people hurt (some badly), not killed.

    The Y-man
     
  11. Sackie

    Sackie Well-Known Member

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    Forget about how they build them...have you seen what goes into the MATERIALS....:D

    If they can fudge baby milk powder...they can do anything. And they do.

    Having said that, love love love SE Asia.
     
  12. MTR

    MTR Well-Known Member

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    Not good
     
  13. Iamnumber5

    Iamnumber5 Well-Known Member

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    Government project.... No surprise.
    Full of corruption.
     
  14. spludgey

    spludgey Well-Known Member

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    Full of corruption, light on concrete and steel!
     
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  15. Sackie

    Sackie Well-Known Member

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    It's called Extra Strength LiteSteel. New out of the factory of guangzhou.
     
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  16. Iamnumber5

    Iamnumber5 Well-Known Member

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    The corruption process usually starts as early as budgeting in the parliament, collaborating with the government in power, often it is massively inflated ( it can be up to 100% mark up).
    The "construction company" to win the project has usually been pre-arranged. This winning company often subcontracts it to another construction company at a much lower budget.

    Low quality materials and cutting corner works is used for the project to be profitable for the construction company.

    If something bad happens, the case will go quietly as many officials are involved.