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I was driving when I received a SMS from a number unknown to me; the content was quite lengthy so I just left it as it is. Upon reaching my destination I reached for my mobile to have a serious look and there it was a message to watch tonight’s “show” at 10:30pm (Malaysia time) […]
... written on Sep 14 2007Human nature has it that once something is given it’s hard to take it back later. So, when the Malaysian government tried to win the hearts of millions of voters by way of subsidies little did the leader realize one day the same tactic will backfires. It was argued that the subsidies were necessary to […]
... written on Sep 14 2007The Labor Department reported claims for unemployment benefits rose by 4,000 last week to 319,000, the sixth increase in seven weeks, but less than the 325,000 claims analysts expected. As of writing, the Dow rose 155 points (12:22pm EST) to 13,446 while the Standard & Poor’s 500 index rose 14.48, or 0.98 percent, to 1,486.04, […]
... written on Sep 13 2007Former Malaysia premier Mahathir once urged the Islamic countries to control their own destiny and at the same time show the true color of Muslim’s power to the western countries, particularly United States. The silver bullet was of course the huge reserve of oil which coincidently happens to be stored under the bed of Islamic […]
... written on Sep 13 2007CNN reported that at least three people are dead in Sumatra as a result of an 8.4-magnitude earthquake that shook buildings across Indonesia and sparked widespread panic earlier today. A small tsunami was detected in Padang, on Sumatra – several hundred miles northeast of the epicenter, measured about 60 cm (2 feet high), much smaller […]
... written on Sep 12 2007The old unsolved problems pop-up again, and this time Germany’s Volkswagen (FRA: VOW) was reportedly wants to take 20% stake initially in Malaysian loss-making car-maker Proton Holdings Bhd (KLSE: PROTON, stock-code 5304). Volkswagen also wants to be able to raise its share to majority stake of 50% within five years, which makes business sense otherwise […]
... written on Sep 12 2007Traders 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 2007
