Archive for May, 2009

PKFZ’s RM12 Billion Scandal – Where’re the Sharks?

PKFZ (Port Klang Free Zone) scandal is perhaps the biggest scandal the country ever had so far from the legacy of former premier Mahathir Mohamad since the BMF scandal, that’s if you ignore the Central Bank’s losses from the foreign exchange speculation. BMF (Bumiputra Malaysia Finance Ltd) scandal involved losses of about RM2.5 billion (that’s […]

... written on May 30 2009

Foreign Funds My Foot! Learn from Genting Singapore

CIMB Investment Bank Berhad claimed that foreign investors returned in droves bringing in their hot money as if they have no where else to park their money. The funny part is CIMB can only target the KLCI to reach 1,060 points by year-end, another 20 points from today’s index of 1,040. Why not 1,200 or […]

... written on May 28 2009

Even if the Worst is Over, So What?

General Motors Corp. (NYSE: GM, stock) announced that only a small fraction of the holders of its $27 billion in bonds agreed to swap their debt for a 10 percent equity share of a recapitalized GM. Without at least 90% of GM’s unsecured debt bondholders agreeable to the swap-plan, GM has no other choice but […]

... written on May 27 2009

Now is the best time to overhaul – GM to the Bankruptcy

Before we hear (hopefully not) any more bad news from the banking institution (if any) it seems General Motors Corp.’s (NYSE: GM, stock) overdue problem is running out of fuel and is set to be known as early as end of this month – May 31st. People are betting that GM will have no other […]

... written on May 24 2009

Najib’s New Game-Plan has Started

Every Tom, Dick and his “Siu Keong” pet Cockroach knows that there’s no way Najib’s administration can win the Penanti by-election *yawn, what’s new?*. It was predictable from the moment Najib announced that his government “may” not contest for the by-election, another way to test the water to see his peoples’ reaction. Nobody within his […]

... written on May 19 2009

McDonald, Fast Food that is Recession-Proof

Not many moons ago I wrote that the no-brainer or average-Joes yardstick to measure if the economy was getting bad was to look at how Starbucks’ (Nasdaq: SBUX, stock) business was doing. Furthermore at about RM10 a cup of coffee it’s considered a luxury, at least to the majority of the men on the street […]

... written on May 17 2009

Chopping Board for Stubborn Punters and Gamblers

Speculators and punters are at the crossroads now. Stock market has arrived at the traffic light – would it pause before continue its journey to the north or would it make a U-turn and go south? It’s freaking fun to see the look on the face of the speculators or punters now. If the so-called […]

... written on May 14 2009

May 13th Anniversary – the same Power Crazy Politicians

Would it be too cruel to say “I told you so” now that the Court of Appeal granted the so-called illegitimate Chief Minister Zambry a stay of execution on the High Court ruling yesterday that the so-called legitimate Chief Minister Nizar was the rightful Menteri Besar (Chief Minister) of Perak? From a state that fall […]

... written on May 13 2009

High Court Decision – Smoke Screen or A New Battle Plan?

I’ve to admit I was rather surprised with the High Court decision that declared Nizar Jamaluddin as the rightful Perak Menteri Besar (Chief Minister) instead of ruling government’s choice, Zambry. Equally surprise was the Zambry’s application for a stay pending appeal which was immediately rejected by the High Court. People especially from the PR (Pakatan […]

... written on May 11 2009

Stress Test a Hoax? Another Wave of Banking Tsunami?

Something is not right here although I hope I’m wrong. Not many months ago the stock market happily plunged with a single bad news although there were dozen of good news accompanied it. Now a single good news plus dozens of bad news is enough to send the stock market to the moon. Everything was […]

... written on May 09 2009

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