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Forget about oil prices, it’s the Inflation you should worry

Tropical Storm Fay, the sixth storm of the 2008 Atlantic season, caused some worries that it could disrupt oil operations in the Gulf of Mexico although nobody expect it could match the Katrina. Nevertheless oil prices were up as high as $115.35 a barrel today in electronic trading on the New York M [...]

Eyes on Lee Chong Wei to deliver the first Gold Medal

Michael Phelps won his record eighth gold medal at the Beijing Olympics 2008 breaking a tie with Mark Spitz for most golds in a single games. In 1972, Spitz entered four individual events and three relays and set world records in all seven events - 100m freestyle, 200m freestyle, 100m butterfly, 200 [...]

Brother of RM24 billion vessel scandal to unseat Anwar?

Local banks are selling the ringgit again – head of currency trading at Affin Bank Berhad said today. This is cool *grin* - at 5pm, the ringgit was lower against the greenback at 3.3295/3325. But who can blame the currency traders after the news broke that Europe’s biggest economy powerhouse, Ge [...]

The Myth behind Big Mac Index – better to get Honda

Frisolac 1 Gold costs RM49.50 today when it was only RM45.00 two months ago – a whopping 10 percent increase within a span of only 2-month. With the current high petrol price, it’s not worth scouting around hoping to find cheaper Frisolac at some secluded shops. That’s a freaking high inflatio [...]

Races are on for Gold Medals, Black Gold and the Throne

The week ended with a spectacular Beijing Olympic 2008 opening ceremony held in the China’s National Stadium – known as the Bird’s Nest. The date chosen was also said to be very auspicious, Aug 8th 2008 or 08-08-08. Some 34.2 million viewers watched the Opening Ceremony, smashing the previous [...]

Are you a good Negotiator or a good money Spender?

There’re always two sides of the same coin. Certain people argued that you can’t re-negotiate a contract particularly in relation to the IPP. They asked how I would feel if I’m one of the IPPs owners. They strongly condemn any changes to the lop-sided agreement and would blacklist Malaysia as [...]

Many happy faces but Dow is still below 12,000 level

There were many happy faces who long the stocks especially in the last hours of trading when all the major indexes had gains of almost 3 percent. Dow Jones alone shot up more than 330 points. In a widely expected rate decision, the central bank reported that "economic activity expanded in the second [...]

MMC overpaying SATS, Albukhary sucking money out

On paper the proposal to inject Senai Airport Terminal Services Sdn Bhd (SATS) into MMC Corp Berhad looks yummy. Besides container haulage company JP Logistics Sdn Bhd, the MMC Group’s two main ports - Port of Tanjung Pelepas (in southwest Johor) and Johor Port (in Pasir Gudang) could provide the [...]

U.S. auto sales tumbled, Proton to develop hybrid car?

One of the biggest items on the table for next week is definitely the FOMC meeting and its policy announcement slated for Aug 5th at 2:15 ET. The Bernanke boys are expected to do nothing and let the rate unchanged at 2.00 percent. There’re hundreds of companies that would be releasing their earnin [...]

Twilight Zone is zapping people and money away

One of the reasons that have gotten foreign investors flabbergasted yet amusing at the same time was how the Malaysian government enjoys playing the game of “Now you see it; now you don’t”. Get real, the ruling government basically has no time to manage the country’s economy with the naughty [...]


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