Archive for September, 2007
Traders had been hoping the Fed chairman, Bernanke, would give some indications during his speech to the Bundesbank, the German central bank, yesterday about the Fed’s next move. Not only Bernanke avoided the topic of interest rate, he instead talked about something else – the need for countries gloabbly to cooperate toward economic stability. Yet, […]
... written on Sep 12 2007One of the grey areas has been clarified by the authorities regarding the mechanism on the EPF monthly withdrawal for reducing housing loans initiative proposed during last Friday’s 2008 Malaysia Budget. Today it was clarified that the said withdrawal will be credited directly into the contributor’s personal bank account and not to the lending bank. […]
... written on Sep 12 2007Relatives of Sept. 11 victims bowed their heads in silence on Tuesday to mark the moments exactly six years earlier when hijacked planes crashed into the World Trade Center, the Pentagon and a Pennsylvania field. A memorial honoring Flight 93’s 40 passengers and crew began at 9:45 a.m., shortly before the time the airliner nosedived […]
... written on Sep 11 2007Some retail investors are unhappy over the higher costs in investing in stocks after the minimum brokerage charges are increased by about 233% to RM40 per transaction from the current RM12 effective 1st Jan 2008. Local news provider theStar also reported that the increase would have a significant impact on small traders who would be […]
... written on Sep 11 2007It appears the Norway’s Telenor ASA (OSL: TEL) will have no choice but to follow a Government directive to cut its stake in mobile phone operator DIGI.com Berhad (DIGI : stock-code 6947) by the end of the year. Energy, Water and Communications Minister Lim Keng Yaik said that the company would not be given another […]
... written on Sep 11 2007Just what does the legendary investor Warren Buffett thinks of the current real estate or housing crisis in U.S.? Is it for real? Are consumer still spending? As far as politic is concern, Warren doesn’t support either Clinton or Obama but the chairman of the most expensive listed company, Berkshire Hathaway, sure has something to […]
... written on Sep 10 2007As expected, Malaysia Stock Market nose-dives in early trading on Monday taking the cue from last Friday’s Dow Jones almost 250 points losses. Couple with uninteresting budget revealed last Friday by Prime Minister Abdullah Badawi, investors couldn’t find any reason to buy in big ways. Mostly are waiting on side-line waiting to see if either […]
... written on Sep 10 2007As usual, after Malaysia Prime Minister Abdullah finished his 2008’s Budget speech last Friday (after heavy coughs in between), you can bet your last penny all the cabinet members will praise how great the budget was. All the ministers never fail to amuze me and perhaps everyone on the street, as they (ministers) seem to […]
... written on Sep 09 2007StockTube is determined to update as fast as possible the summary of the main ingredients of Budget 2008 as it broadcasted here. This entry will be updated continuously. So here you goes: Corporate tax reduced to 25% in 2009 (26% for 2008 remains) Single-tier tax system – profits are only taxed at the company’s level […]
... written on Sep 07 2007In less than 4 hours, Malaysia Prime Minister Abdullah Badawi will present his budget for the year 2008. Expected to be Election-Budget, the budget is expected to contain lots of goodies or sweeteners to appease voters – especially to the civil servants who constitute the bulk of the voters. FinanceTwitter had on Tuesday, 4th Sept […]
... written on Sep 07 2007
