Archive for August, 2007
End of 2007 is suppose to be Judgement Day for DIGI.com Berhad (DIGI: stock-code 6947) of which the company is required to reduce its interest to below 50 percent. Earlier, the Malaysian authority indicated that there won’t be any extension for Norway’s Telenor ASA (OSL: TEL), DiGi’s main shareholder with a controlling 61 percent stake, […]
... written on Aug 23 2007Transmile Group Berhad (KLSE: TRANMIL, stock-code 7000) which was haunted by accounting irregularities and more than halved the fortune of billionaire Robert Kuok in the company is reported to be toying with KPMG to replace auditor Deloitte & Touche. The Transmile-Deloitte relationship was said to have blossomed many years ago, even before Transmile was listed, […]
... written on Aug 23 2007Dubai World, a government-owned holding company which made headlines last year when its subsidiary, Dubai Ports World, was forced to sell its U.S. port operations after an uproar in Congress over security concerns will invest about $5 billion in MGM Mirage, the casino operator. The investment includes $2.7 billion for CityCenter and up to $2.4 […]
... written on Aug 22 2007Remember those days when the exchange rate was RM2.50 to USD1.00? Not to give away my age, not that I’m that bloody old, I somehow fantasized how cool and happy everyone would be if that currency rate remains, if not better, till today. Considering that the amount of things we can buy today doesn’t differ […]
... written on Aug 22 2007Malaysian authorities are facing a scandal over debts allegedly exceeding US$1 billion (euro750 million) incurred by the country’s main port authority, sparking concerns about a possible government bailout – reported AP. The fact that this scandal, which could be the biggest bailout since Badawi took over the premiership in 2003, caught the headline from external […]
... written on Aug 21 2007While most investors were cracking their head on what should be their next step in the current mini economic crisis in U.S., one person is grinning with smile. Such crisis actually presents an opportunity for those who are contrarian in their investment methodology. But such method is not for everyone, at least not for those […]
... written on Aug 21 2007Kuala Lumpur Stock Exchange saw some “bargain hunting” today and there’s a reason I used that word. Analysts have been using “bargain hunting” as a mean to tell you to buy some, probably 20% of what you would normally buy in a “normal” day. And it normally associated with the period after the stock markets […]
... written on Aug 20 2007With the exception of China, almost all the stock markets worldwide depend very much on U.S. Wall Street. The Wall Street in turns depends on the internal American’s economy data of which depends on one person who set the tune of the financial pulse. This person is said to be more powerful than the President […]
... written on Aug 20 2007Slightly more than 12 hours a go, FinanceTwitter blogged that the investors should “Get Ready for Asian Black Friday” as the U.S.’s Countrywide Financial Corp decision to borrowed $11.5 billion from a group of 40 banks would be used as the scape-goat by investors to further punish the stock markets. And looking at the steep […]
... written on Aug 17 2007More bad news hitting the Wall Street again on Thursday. Countrywide Financial Corp., the nation’s largest mortgage lender said it had borrowed $11.5 billion from a group of 40 banks to fund loans in a move that shows just how deep the lending crisis has become – reported AP. Countrywide shares fell $5.14, or more […]
... written on Aug 16 2007
