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EPF withdrawal to Reduce Housing Loan Clarified

One 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 [...]

9/11 – Two Towers Crashed; 9/08 – Two Civilians Shot

Relatives 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 befo [...]

Stock-brokerage fees debate – a Win-Win solution

Some 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 im [...]

Who’s the New Buyer for 12% stake in DIGI.com?

It appears the Norway’s Telenor ASA (OSL: TEL) will have no choice but to follow a Government directive to cut its stake in mobile phone operator DIGI.com Berhad (DIGI : stock-code 6947) by the end of the year. Energy, Water and Communications Minister Lim Keng Yaik said that the company would not [...]

Warren Buffett on Housing Crisis and Presidency

Just what does the legendary investor Warren Buffett thinks of the current real estate or housing crisis in U.S.? Is it for real? Are consumer still spending? As far as politic is concern, Warren doesn't support either Clinton or Obama but the chairman of the most expensive listed company, Berkshire [...]

Red Blood Everywhere – Stock Market and Social Clash

As expected, Malaysia Stock Market nose-dives in early trading on Monday taking the cue from last Friday’s Dow Jones almost 250 points losses. Couple with uninteresting budget revealed last Friday by Prime Minister Abdullah Badawi, investors couldn’t find any reason to buy in big ways. Mostly ar [...]

Malaysia 2008 Budget Rumbling

As usual, after Malaysia Prime Minister Abdullah finished his 2008’s Budget speech last Friday (after heavy coughs in between), you can bet your last penny all the cabinet members will praise how great the budget was. All the ministers never fail to amuze me and perhaps everyone on the street, as [...]

Budget 2008 Live Update from FinanceTwitter

StockTube is determined to update as fast as possible the summary of the main ingredients of Budget 2008 as it broadcasted here. This entry will be updated continuously. So here you goes:Corporate tax reduced to 25% in 2009 (26% for 2008 remains)Single-tier tax system - profits are only taxed at the [...]

Budget-2008 – Poll Result and what you might Get

In less than 4 hours, Malaysia Prime Minister Abdullah Badawi will present his budget for the year 2008. Expected to be Election-Budget, the budget is expected to contain lots of goodies or sweeteners to appease voters - especially to the civil servants who constitute the bulk of the voters.FinanceT [...]

No fees but shareholders fuming Ling Chicken Out

As expected the Transmile Group Berhad’s (KLSE: TRANMIL, stock-code 7000) shareholders’ meeting (AGM) yesterday, Wednesday 5th Sept, was conducted in a relatively calm and smooth environment as compared to the recent MIC’s Maika’s meeting. At least you don’t see bleeding shareholders comin [...]


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