Archives for December 2007

SEA Games 2007, Malaysia Boleh!

I’d like to take this opportunity to congratulate the Malaysian SEA Games’ contingent. They have achieved their target of 64 gold medals, plus a bit more. A total of 68 gold medals were achieved as at closing day today and ranked 2nd place overall. Good job fellas!

I dedicate this song to our athletes. Malaysia Boleh!

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Nasi Daun Pisang at Thurkah’s Restaurant

One thing about Malaysia is the variety of food she offers. Malay food, Chinese food, Indian food, Mamak food. The list goes on.

Spending my holidays in Malaysia, I have embarked on a self-fulfilling journey. I call it, the Fattening-Up-for-University-Hell Program.

The program is simple really. Eat. That’s it. Eat.

A couple of days ago, I patronised this Indian restaurant called Thurkah’s Restaurant located at Taman Melawati, KL. I think, the last time I ate there was a couple of years ago. I highly recommend this place.

What did I have?

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Battling Corruption within our Nation

First of all, this might sound like a silly idea, but just hear me out alright?

Before that, let’s consider this situation. Most would agree that one tends to work a bit harder if he/she works on a commission-based service. People like car salesmen, unit trust consultants, and etc.

Let’s have a look at that matter in the context of our Polis DiRaja Malaysia.

Now, it is alleged that the corruption within our Police Force (Polis DiRaja Malaysia) is rampant. I said ALLEGED because I myself have not experienced this, so I can’t say for sure whether it is true or not.

Anyway, I’ve got an idea on how to battle corruption.

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Teh Hong Piow: A Banking Thoroughbred

Teh Hong Piow

I’ve just finished reading a book entitled Teh Hong Piow: A Banking Thoroughbred. For those who do not know who Tan Sri Dato Sri’ Teh Hong Piow is, he is the Chairman and Founder of Public Bank.

The book was produced to celebrate Public Bank’s 40th Anniversary and Tan Sri Teh’s admirable achievements.

The book was written without consulting Tan Sri Teh himself. Rather, the author of the book, Datuk Paddy Bowie, compiled bits and pieces of Public Bank’s history, accompanied with numerous amount of testimonials from Tan Sri Teh’s peers.

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Where are we headed next?

The Chargin Bull

I have been observing an interesting occurrence here in Malaysia. I have noticed that the number of luxury cars on the road, like Mercedes and BMW has increased significantly like mushrooms. People are getting richer.

I still remember (vividly of course) about the last 1997/1998 Asian Financial Crisis. Before the crisis was unleashed upon us, it was pretty similar as well. Loads of Mercedes’s and BMW’s on the road. After the crisis hit, not a single luxury car could be seen, though there were those odd few. I still remember that I came across only a few luxury car during my whole journey back to Kelantan for “balik kampung.”

Fast forward to now, where are we at the present moment economy-wise? Are we already at the top of the economic cycle? Is the mushroom-ing (if that’s even a word) of wealthy individuals a good indicator to predict that an inevitable recession is about to come? Or does the economy has a bit more steam to soldier on? Are we about to embark on a commodity super cycle as stated in the media and by research analysts? Or are we already on it?

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Stock Pump-and-Dump Schemes

This is another installment of the Scam Watch. This time, let’s have a look at one particular scam related to stocks. It’s called the Pump-and-Dump Scheme.

What’s a Pump-and-Dump scheme you ask?

Basically, what happens is that the organiser of a pump-and-dump scheme buys a large parcel of shares in a company or companies, then promote the company/companies to the public, claiming to have an insider information, stating that the share price will increase substantially soon. The public believes him/her and purchase the shares. The effect of higher demand will result into the share price being pushed higher. Then the organiser dumps his shares at an inflated price, making a substantial profit. The public then got stuck with the shares as the price declines well below the purchase price.

These scams can happen to either penny stocks (stocks of low price and easily manipulated by huge orders) or non-penny stocks but usually, penny stocks are the usual weapons of choice.

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Malaysia Mega Property Showcase 2007

> 8 Premier Bankers
> 80 Reputable Developers
> 220 Project Development
> 800 Million Ringgit Worth of Properties on Display

Man, that sounds huge doesn’t it?

I went to the Malaysia Mega Property Showcase last Sunday at the Putra World Trade Center (PWTC) to keep myself up to date with the latest on-goings of the Malaysian property market.

Sad to say, I was MEGA-ly dissapointed.

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Victims of Attempted Robbery

I was reading an entry a fellow blogger wrote on her blog Magical Milestone and it made me wonder.

It made me wonder about the state of world we are living in at the moment.

She wrote about her aunt-in-law being a victim of theft recently. It was broad daylight at a public are when she and her daughter was approached by 3 men pretending to ask for directions. One of them then took out a knife and slashed her and her daughter. Luckily, there were good samaritans around to help them. It was also fortunate that nothing was taken.

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The Risk of Phone Brokering

I used to be involved with a an association called the cashflow club in my university. Basically, the club gathers like-minded people, have discussions, seminars, and etc. We also had this thing called Cashflow 101 nights where we play Robert Kiyosaki’s Cashflow 101 board game.

Anyway, on one of those nights, one of our members, shared a rather interesting story. Below is the story. The story might be altered a little bit, but essentially, they’re the same.

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Back to Basics: Recovering from Negative Returns

Alright, let’s get back to basics.

If I lose money in my investments, how much do I need to make back? If I lose 10%, does my investment need to go up by 10% to get back to where I was? Let’s have a look at this example:

You invest $10,000 in the share market. The market falls by 10%. Your current investment is now only $9,000. To get back to where you started, you need to make $1,000 right? So:

$1,000/$9,000 = 0.1111 = 11.11%

In other words, you actually need to make 11.11% to get back to where you started.

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