Friday, February 27, 2009

Islamic Banking & Finance Law

Like it or not, coming this 2 years gonna be the time Malaysia's banks promote Islamic Banking at a very fast pace. This is indeed a manifestation of our country Malaysia wanna be a central islamic financial hub in the region. One of the solid reason is to "suck" the oil money from the middle east.
IB is very special product compare to the conventional retails banking. Their counts NO INTEREST! But, they trade "Buy & Sell". To fullfill this islamic rules. Lawyer of the bank get utterly suffer for that!
In the aspect of market wise. IB is consider still fresh & huge! IB is one of the fastest growing areas of banking in Asia!
The price tag of "IB & FL" is rm54.40. This is after 20% off if you are MPH member. How you find this book? Go visit the member's corner at any MPH. Maybe you can try buying it online. 200 off too. Productive week ahead! Cheers

Thursday, February 26, 2009

Ponzi Scheme


Italian, Charles Ponzi is the "Root" of this evil "investment plan". Recent Bernard Madoff's case is the classic one. Estimation around USD 500 Billion just disappear into the thin air because of this Ponzi scheme. What's that anyway?
A fraudulent investment operation that pays returns to investors from their own money or money paid by subsequent investors rather than from profit. Sound familiar? Lampe Berger, Herbalife, Amway?......etc
An example? A poor guy need to buy a box of cigatette(whatever). He borrow 100 from friend. He promise return 120 in a mth. When the date is due. He did the same on the other friend & the borrowing is increase to 120. This is just to pay off the first friend's borrowing. then the return of the second borrowing is 140(maybe higher).
He use to pay off the previous borrowing everytime from the fresh one. Yet the "high return" is able to be fullfill. So everybody is more then happy to lend him money.
However, till a certain time of period. He can't affort to pay anymore.
If you look back on the property in recent year. Is this the same case?
When property at the bullish signal. Banks lend you money. Tons of loan is ready to "give away". Just come "grab it".
But when the price of property drop, banks are high on NPL (Non-performing loan), ....etc. then people starts realise. All this while just an illusions for all this shit! Damn........Maybe this is a good reminder that, house is the place to live, not for "goreng".

Saturday, February 14, 2009

Kuala Kangsar- The Royal City

A well preserved old Royal Town where its serenity and its well-maintained old palaces are worth a mention. Recently KK at the highlight again when a "special" inccident on Feb 6 2009.
KK is the place where the FIRST rubber trees are planted & the OLDEST Rubber Trees is still alive on the ground just outside the gates of the museum.
Early 1900's, this tree makes a significant changes to the course of Malaysia's economy!
Resident of Perak of that time, encouraged the growth of rubber trees as the car industry expanded rapidly in the west.
Soon jungles were converted into plantations, and many areas that were once virgin forests were open for commercial use.
Here some links on the "special" inccident. Let's enjoy
http://www.youtube.com/watch?v=QJf9ZBpBe1U

http://www.youtube.com/watch?v=u0iucw7F9wU&feature=related

http://www.youtube.com/watch?v=nMkOPNZQ3B4&feature=related

http://www.youtube.com/watch?v=PZ02Jp1Igyo&feature=related

Thursday, February 12, 2009

Dying Bull

The masterpiece from your right is name as "Dying Bull" by my love-Pablo Picasso. This baby is located at New York City: The Metropolitan Museum of Art.
Back to US economy. Can you imagine Crude Oil 12 Mar 09 trade at 34.79 10:55am ET? Or DJI slide 143.44(-1.81%) at 7,792.11 after a awful fall 4.5% 2 day ago? 10k job loss from GM alone..Housing sales drop....export falls...etc
We need solutions in very urgent basis. $789 billion Stimulus Plan gonna execute it ASAP. Maybe Roubini is right! Best way to go is Nationalizing the Banks. Have to recapitalization by US government for the toxic assets. Else, Merging two "zombie banks" is like have two drunks trying to help each other to stand up. Abang Adik!

Wednesday, February 11, 2009

Proton @TopGear UK


Monday, February 9, 2009

Time to IOIprop?

Feb 2.09, Malaysian planter IOI Corp and its subsidiary IOIproperties suspended from trade. Due to the unknown source, says IOIproperties'll be privatise.
Malaysian property sector is likely to remain weak as more bad news surface in near-term.
Coming year 09, most property counters are trading at below book values. But not for SP Setia (1.6x)and Mah Sing (1.4x).
Major shareholders might take the opportunity to privatize under-valued counters with poor liquidity, at much lower cost and with higher chance of success.
Shangri-La, Guocoland, DNP is some very successful example of privatizations. Of course it need a very "rich listed parents" who have flexibility to offer cash and/share swap.
IOIPROP,1635 now trade at rm 2.490.

Thursday, February 5, 2009

05/02/09 The Darkest Day

What are ya? Ya Goddamn Lowlife!
What’s the game plan huh? Couldn’t help yourself maybe, a puppet of vanity? Stop deluding yourself you fxxking chump! Your favourite sin is VANITY !! Self-Love, all-nature opium, you sadist. Stop burry ours into your house of 7 sins! You 666!
I rest my case.

Monday, February 2, 2009

You'll Never Walk Alone he says,Torres Torres

Liverpool's title dreams alive with a 2-0 win against 10-man Chelsea! Fernando Torres scored his first goals since October & he scored twice on this game.
Torres sent the home fans into raptures with an 89th minute near-post header from a Fabio Aurelio cross to dent Chelsea's own title hopes.
The Spain star made sure of the points when substitute Yossi Benayoun robbed a hesitant Ashley Cole in the fourth minute of injury-time and squared in front of the overworked Peter Cech. Liverpool now stand at the second spot of BPL table & 2 point behind leader. You'll Never Walk Alone. Cheers