KL Market

Certain services should never be privatised. The Sydney airport is a prime example of when you should not sell. Of course now, we are still complaining over toll roads privatisation - toll roads are basically OK to be privatised, our Malaysian gripe is that the terms of the contract were so favourable to the operator that in the end its the public that get whacked every year, and the contract is s……
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KUALA LUMPUR: Malaysian financial services group CIMB has asked its 36,000 employees to consider taking up to six months of unpaid leave as it aims to cut costs in the global economic slowdown, a top official said on March 30. CIMB is the first major Malaysian company to ask staff to go on unpaid leave. Read more….One of top most shitty jobs in management life is letting people go. I am going ju……
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Published on Business Times.MNRB mulls RM30m provision for equity investment losses By Rupinder SinghPublished: 2009/03/31REINSURANCE firm MNRB Holdings Bhd (6459) said it may have to set aside up to RM30 million in provisions in the current fiscal year, which ends March 31 2009, to cover losses in equity investments.President and group chief executive officer Anuar Mohd Hassan said MNRB was force……
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This is the kind of article that people like to read. Following Najib’s “confirmation”, the witty guys at CLSA came up with an assessment of the important business people “close” to Najib. Twenty years on and we are still a politically-linked market place. A politically linked market place naturally implies favoritism, and that in turn implies a lack of transparency - back to square one??? If we a……
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It’s seems like a few of trend following fans offended by my blog. I have been honest not claiming to be a turtle trader which displayed at top of my blog page. I don’t even know who are turtle traders until a few of those guys started to blast me and led me to find out more why this group of people feels so supreme. They feel that my contrarian efforts trying to read the market minds will end up ……
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Special Drawing Rights have captured the market’s imagination in recent days. Behind the scenes, Chinese and Russian officials have harping on it, and the head of China’s central bank posted a report suggesting that SDRs should have an expanded role in global finance, including as a super-reserve asset. In a presentation to the Council on Foreign Relations, beleaguered US Treasury Secretary Geithn……
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MARC downgrades Englotech RM50m debt notes Written by Joe ChinFriday, 27 March 2009 20:33KUALA LUMPUR: Malaysian Rating Corporation Bhd has downgraded Englotechs Holding Bhd’s RM50.0 million Murabahah Medium Term Note Programme (MMTN) rating to DID­ from BBID.MARC said on March 27 the rating action was based on the cotton glove manufacturer’s failure to meet its profit payment of RM1.7 mil……
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For all the anger being lashed out at bank employees compensation. Bank CEOs have been grilled, even Greenspan has been lambasted (rightly). But what about the ratings agencies?? They were mostly responsible for the growth of CDOs, rating them AAA when only a small component of those CDOs consist of AAA borrowers. Without their implicit approval, the investment banks could not have managed to lure……
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Li Ka Shing says it is time to buy. Let’s not be so cynical on his opinion. At least he didn’t ask all to buy 2 months ago, or 4 months ago or even 6 months ago. Hence I would view his opinion with some merit. New York Times: The oracle of Hong Kong has spoken. And his message: it’s time to consider buying stocks and real estate. Li Ka-Shing reported on Thursday that his companies had severe pro……
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After speculative funds exited the commodity complex, the world of commodity will have to be governed by supply and demand. Demand is depending heavily on the economic activities.There is no need of me to point out the obvious fact of the worldwide economy is weak. IMF predicts global recession in 2009. http://news.bbc.co.uk/1/hi/business/7952377.stmWeak economic activities impacted demand. US cru……
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