Archive for September, 2008

Should we rejoice or mourn on Maybank-BII deal?

Let’s rejoice and celebrate because Malaysia’s largest lender, Malayan Banking Berhad (KLSE: MAYBANK, stock-code 1155), has just managed to beg PT Bank Internasional Indonesia’s (JAK: BNII) major shareholder Fullerton Financial Holdings, a unit of Singapore’s Temasek, for more sweets. Maybank agreed to a rebate of S$315.2 million (RM758.9 million) after rejected the initial rebate of […]

... written on Sep 30 2008

Economic 9/11 after $700 billion Bailout Plan Rejected

Boeing is a trademark synonym with domination in aerospace and by far the largest global aircraft manufacturer. Mentioned 777 and chances are the awesome “Triple Seven” world’s largest twinjet jumbo plane appear in front of you. It’s jumbo alright and when you’re talking about something this huge and heavy, it would be disastrous should there […]

... written on Sep 30 2008

Panic again, $700 billion is insufficient to treat disease

Wachovia Corp., just like Washington Mutual Inc., is probably one of the classic examples of investing at the wrong time. It suffers huge losses after it acquired mortgage lender Golden West Financial Corp in 2006 for a whopping $24 billion. The acquisition was done at the peak of housing boom – talk about bad timing […]

... written on Sep 29 2008

Maybank-BII deal goes wrong? Taste your own medicine

Only after heavy criticisms and sell-off of Malayan Banking Berhad’s (KLSE: MAYBANK, stock-code 1155) shares as a sign of protest, the Malaysia’s Central Bank woke up (from sleep) and told Maybank to behave and re-negotiate for a better pricing in its acquisition for PT Bank Internasional Indonesia (BII) (JAK: BNII). The Minority Shareholder Watchdog Group […]

... written on Sep 29 2008

Lame Duck PM to quit? Or another Mother of All Lies?

Game over for lame duck Abdullah Badawi! PM to quit next Mar 2009! Early transition of power in Mar 2009 instead of June 2010! The headlines go on and on after Friday’s UMNO supreme council meeting. On paper it appears the sleepy PM, as he often labeled will have to enjoy his sleep to the […]

... written on Sep 28 2008

FDI Out-Flows began rushing the day Badawi becomes PM

Just like history, numbers don’t lie unless someone deliberately twist it. Fortunately somewhere within this globe the real facts about history or numbers will be kept and archived. Something is definitely very wrong with the current government judging from the numbers lately. No matter how you crunch the number and try to hide from the […]

... written on Sep 25 2008

Google Android G1 Phone – this Beast is Features-Rich

Finally, Google Inc. (Nasdaq: GOOG, stock) unveiled its first Android cell-phone. Android actually refers the phone’s operating system. Features-wise it appears the Google G1 cell-phone could easily kick Apple Inc.’s (Nasdaq: AAPL, stock) iPhone miles away. Touch screen, Wi-Fi, Bluetooth, Google Maps, 3-megapixel camera, GPS-capabilities, full-screen web browsing, on-the-air downloadable Apple and music store, removable […]

... written on Sep 24 2008

RPK sent to detention without trial, FCUK you Big Bully

As expected the most controversial yet favorite blogger of Malaysia netizens, Raja Petra Kamarudin (RPK), has been sent to Kamunting Detention Center today to begin his two-year detention under ISA – WITHOUT A TRIAL (MalaysiaKini was the first to repot it). No matter how many bloggers scream in objection of such action designed primarily to […]

... written on Sep 23 2008

PM to proceed with Gunfight, forgotten about fuel prices?

You had Saddam Hussein’s “mother of all battles”, Anwar Ibrahim’s “mother of all by-elections” and now you have U.S.’s “mother of all bailouts”. I bet former premier Mahathir is giggling now looking at the financial havocs that prompted Bush administration to seek a whopping US$700 billion to buy up bad loans. It was about 10-years […]

... written on Sep 22 2008

Nightmare on Dow Street & the shadow of Deep Depression

Shorties are laughing all their ways to the bank. That’s right! If you’re one of the traders or investors who were and still are not convinced of the $85 billion American International Group Inc.’s (NYSE: AIG, stock) rescue plan by the U.S. government, you should be rejoicing by now, provided you short the stocks or […]

... written on Sep 18 2008

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