Archive for July, 2008

Maybank’s losses before it can even make a penny

I was having lunch appointment with my fellow friends from Singapore the other day and the conversation somehow found its way to the topic of politics and economy. While Malaysia celebrated its’ highest annual inflation rate (7.7 percent) in 27-year last month thanks to the government’s fuel hike, the same rate of inflation has already […]

... written on Jul 29 2008

Perdana V6, Mercedes Benz, Camry or Accord?

The latest fiasco about the Proton Perdana versus Mercedes Benz was really the much awaited dessert after the heavy meal of Anwar’s sodomy conspiracy. Already people are getting sick and tired of the sodomy case and without Anwar’s DNA, the part-2 of the supposedly Indiana Jones thriller will not make it to the box-office. Without […]

... written on Jul 26 2008

Nuclear Plant – Tenaga’s new Toy worth RM10 billion?

Tokyo Stock Exchange suspended its stock index futures and options trading from 9:21 am to 1:45 pm after hit by computer system glitch, thanks to programming mistake by Fujitsu. Tokyo Stock Exchange’s managing director Yoshinori Suzuki immediately told reporters that the trading house is considering seeking compensation from giant Fujitsu. Fortunately they managed to identify […]

... written on Jul 22 2008

Gamuda and IJM Corp on their way to Merge soon?

Gamuda Berhad’s (KLSE: GAMUDA, stock-code 5398) was as good as dead the moment it’s Managing Director Lin Yun Ling threw in the towel and cashed-out from the company he co-founded. Of course the stock would not die the same way as junk stock PECD Berhad (KLSE: PECD, stock-code 5093) but the impact was great enough […]

... written on Jul 21 2008

Stop beating around the bush and Call a Spade a Spade

There’re many ways to skin a cat and in the case of ambitious Anwar Ibrahim, the de-facto opposition leader whose chance of becoming the next Prime Minister is now or never, his marketing plan to topple the ruling government of half a century was inviting troubles. The ruling government might be out of creative ideas […]

... written on Jul 20 2008

Local stocks are temporary Game Over, eyes on GOOG

Just before the election early this year lots of beautiful numbers were being trumpeted to the investors about how rosy the economy was, never mind how serious was the U.S. subprime crisis back then. The incredible Malaysia was immune from almost all other external factors, so went the marketing talks. Even after the unexpected poor […]

... written on Jul 17 2008

Stocks weaken further, radar & focus on Anwar’s arrest

Local stock market sentiment was crushed over the arrest of de facto opposition leader Anwar Ibrahim, less than 15 hours after he appeared live on television in a debate with Information Minister. The turnover or transaction volume traded plunged to 315 million shares from 395 million yesterday. The ING Investor Dashboard Survey reported that Malaysian […]

... written on Jul 16 2008

Oil Prices Debate – Shabery slaughtered by Anwar

After watching the debate between opposition de-facto leader Anwar Ibrahim and Information Minister Shabery Cheek, I finally understand why the Prime Minister Abdullah Badawi and his deputy Najib refused to enter the ring but instead sent the Information Minister instead. Anwar had earlier challenged both the PM and his deputy to debate with him – […]

... written on Jul 15 2008

KL under siege – frighten of own shadow of collapse?

Desperate people not only do desperate things but also stupid and childish things as if they are begging to be laughed at. Malaysia has been the laughing stock for quite some time but things got more hilarious with today’s total lock-down by the police. Roadblocks were setup at numerous access points into the capital of […]

... written on Jul 14 2008

Windfall Tax – Punishment or Desperation for Money?

It’s funny that the brother of deputy Prime Minister expressed his pessimism of the country’s economy so much so that he urged the government to review the windfall tax imposed on independent power producers (IPPs). Huh? The CEO of CIMB group is protecting the IPPs who are making tons of money because of lopsided agreement […]

... written on Jul 13 2008

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