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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 [...]

Apple Slashes iPhone Price – Steve wants quantity

Boy - was I lucky or what? I’m referring to my decision yesterday to lock-in profit on Apple Inc.’s (Nasdaq: AAPL, stock) trade. I’ve put in my thought why I close the position on AAPL Oct 130 Call in my entry at “Taking Money off the Table before Apple Special Event”.And so Apple plunged [...]

Taking Money off the Table before Apple Special Event

If you’re still holding your Apple Inc.’s (Nasdaq: AAPL, stock) shares or option contracts as of writing time (1:30 pm E.T), I hope the market will be kind with you for the subsequent hours. As I’ve blogged about 4 hours ago, I had prepared myself to take money off the table today, no matter w [...]

Ready to take profit on Apple’s Special Event today

Apple Inc.’s (Nasdaq: AAPL, stock) was trading up 6 points yesterday ahead of today's "Special Event" at 1:00 pm E.T. The company however has not given any indication of the subject of the event, so in turn there has been a lot of speculation over the last few weeks regarding what will be announce [...]

Learn from Mistakes – better days ahead for Transmile

On the personal note, since the news that Ling Liong Sik had resigned as the President of MCA (a component party of the ruling government) as well as Transport Minister in 2003 after a political battle with his former deputy Lim Ah Lek which split the party into Camp-A and Camp-B, he has not been ta [...]

Pre-Budget 2008 – What’s your wish? Take a Vote

One of the greatest moments everyone is waiting each year will be the Budget announcement. The Budget 2008 will be presented by Malaysia premier Badawi this Friday, 7th Sept 2007. The corporate as well as individual will be waiting anxiously to know what the goodies are that Badawi will bring to the [...]

Ling Liong Sik Resigned (or Fired?) from Transmile

I guess it must be too painful for the Chairman of Transmile Group Berhad (KLSE: TRANMIL, stock-code 7000) to accept the fact that he indeed screwed-up big time with the recent accounting irregularities, so much so that the richest man in Malaysia Robert Kuok has no other choice but to tell him to r [...]


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