INFLATION KEEPS YTL BUDGET TIGHTTHE STAR BUSINESS NEWS 4 Jun 2014KUALA LUMPUR: YTL Corp Bhd is not buying any assets at the moment due toinflationary pressure, says group managing director Tan Sri Dr Francis Yeoh. "Theenvironment is very difficult for YTL to buy assets, because all these assets are inflated," hesaid. "From 2008 till today there is nothing major that we can acquire," he said at the GlobalMalaysia Series talk yesterday. He explained that the United States and the Europeancountries had introduced inflation to the world but not in their own economies, by printing99money. Warning that the global bubble would burst within two to four years, he said that thiswould be the first government-led bubble created by the US and European governments.XETRACH10305- 003QUELYDoreTAN SRI FRANCIS YEOHMANAGING DIRECTOR, YTL CORPORATIONCoutex he Ban A erVEL. 770"If you want high wages to keep up with inflation but without increasing productivity, you'regoing to have a problem," Yeoh said, adding that sovereign funds in Asia should be investingin infrastructure development to boost productivity. He said Asia had a high savings level buthad not used it yet to build the amount of infrastructure needed. Yeoh declined to commentwhen asked about the direct-tender award by the Energy Commission (EC) to YTL PowerInternational Bhd for the development of 1,000MW-1,400MW power plant in Pasir Gudang,Johor. YTL Power, a wholly-owned subsidiary of YTL Corp, announced yesterday that it hadreceived a letter of award from the EC to develop a combined-cycle power plant..The proposed combined-cycle gas turbine power plant, which is a fast-track developmentknown as Project 4A, was awarded to SIPP Energy Sdn Bhd, with the participation of YTLPower and Tenaga Nasional Bhd as consortium members. It was reported that SIPP Energy islinked to the Sultan of Johor. The move to offer the conditional offer came about after the ECdecided that there was a requirement to fast-track the construction of the plant that wasscheduled to be operational in 2018.(exoomt) Questions:YTL did not buy property during inflationary period. Identify the reasonsgiven by Tan Sri Dr. Francis Yeoh for not buying property by YTL duringinflationary period1.2. Productivity does not increase when wages (salary) increased during inflation.Assess the statement with examples3. Compare and contrast a scenario when the rate of productivity could beincreased higher than the rate of increase in wages to the workers (youranswer should not be less than 500 words)

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YTL did not buy property during inflationary period. Identify the reasons given by Tan Sri Dr. Francis Yeoh for not buying property by YTL during inflationary period

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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M103.
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