Archive for March, 2007
During an interview with CNBC late Friday, Malaysian Prime Minister was quated as saying that the brand name “Proton” will not be wiped out amid negotiations on a possible merger with foreign partners. Abdullah stressed “We cannot decide to forget the name Proton and to allow it to disappear … Proton is a national car. […]
... written on Mar 24 2007So, the Malaysian government has finally abolished the real property gains tax (RPGT) in the current not so robust economy. A big applause to them, not that they have any other choice if one was to look at the sluggish property market. This will definitely bring cheers to the industry players and looking at the […]
... written on Mar 23 2007Malaysia’s smallest mobile phone firm, DIGI.com Berhad (KLSE: DIGI, stock-code 6947) feels its balance sheet is under-geared and a capital repayment could be one way to restructure it, Chief Executive Morten Lundal said today. “Right now, we have too much cash and too little debt … Our balance sheet is under-leveraged and we have to […]
... written on Mar 22 2007The fund managers who were attending the “Invest Malaysia 2007” conference, which opened in Kuala Lumpur yesterday, hope to see more transparency and consistency in results, especially from the blue-chip companies. Simon Chan, investment director of the Hong Kong- based BNP Paribas Asset Management Asia, which manages 210 billion euros (RM974 billion) worldwide, said there […]
... written on Mar 22 2007The Federal Reserve held interest rates steady on Wednesday and raised the possibility they could be cut in the months ahead, igniting a rally on Wall Street where investors are thirsting for a reduction. Fed Chairman Ben Bernanke and his central bank colleagues left an important interest rate unchanged at 5.25 percent, the sixth straight […]
... written on Mar 22 2007Bernama reported that a total of RM 23.66 billion (USD 6.7 Billion) has been collected by 19 Malaysian highway concessionaires since the introduction of the highway privatization concept until 2006. The mind-boggling amount of money collected including the Penang bridge and the Malaysia-Singapore Second Crossing (LINKEDUA). In written answers to Teresa Kok (DAP representative […]
... written on Mar 21 2007What is the first thing you learn once you decided to anchor yourself in the territory of “Technical Analysis” study? What do most of the presenters teach you during one of those “free” stock-investing seminar – with the intention of getting you enroll into their courses ultimately? It’s Moving Average. Analysts who have been working […]
... written on Mar 21 2007Malaysians are waiting for a piece of rumor to become a fact soon. The expectations are running high. And it should become a reality soon judging from the win-win situation that it potentially brings to both the country’s economy as well as the investors. It’s none other than the expectation of Government in abolishing the […]
... written on Mar 20 2007How many times do you see the minority shareholders attending an AGM (Annual General Meeting) of a listed company give a standing ovation to the captain of the ship, especially in Malaysia? Very rare – the latest in Malaysia could be the one held by Public Bank Berhad (KLSE: PBBANK, stock-code 1295) yesterday. Public Bank […]
... written on Mar 16 2007Malaysia’s telecoms industry regulator today named four newcomers as winners of much-coveted WiMAX licences. Green Packet Berhad (KLSE: GPACKET, stock-code 0082), YTL e-Solutions Berhad (KLSE: YTLE, stock-code 0009), REDtone International Berhad (KLSE: REDTONE, stock-code 0032) and Asiaspace Dotcom Sdn Bhd have secured 2.3Ghz wireless broadband spectrum licences. The successful applicants for the WiMAX spectrum licences […]
... written on Mar 16 2007
