Wednesday, February 1, 2012

A talented and proud Malaysian

Friday, January 27, 2012

Thursday, January 26, 2012

Saturday, January 21, 2012

Monday, December 12, 2011

Needy folk say RM500 aid will come in handy

Needy folk say RM500 aid will come in handy
(go and get YOUR MONEY but make sure you are genuinely qualified and wont get caught for cheating)

KUALA LUMPUR: Many came by bus, others by motorcycle while a few walked to sign up for the RM500 aid given to households earning RM3,000 or less.

At Inland Revenue Board offices and several schools and other designated places, it was all smiles for recipients under BR1M, the Bantuan Rakyat 1Malaysia scheme.

Sivaranam Velayuthan, 61, said the money was very welcome, especially since he is now unemployed. He and his 60-year-old wife only get RM160 monthly welfare aid and depend on their two children to buy them food.

“We pay RM124 a month to rent our flat in Setapak, and after paying for electricity and water, we have nothing left.


Queue for aid: People lining up to register for their RM500 aid at the BR1M registration counter at the IRB office at the government complex along Jalan Duta.
“This RM500 will be very helpful. I feel relieved,” he said at the IRB office at the government complex in Jalan Duta.

Housewife Siti Rohani Mohamed, 37, said the money would help her take care of her elderly parents.

“They do not have any income. My siblings and I support them, and it is always nice to have some help,” she said.

Ken Tin Weng, a 43-year-old supervisor, said the aid would make it a happier Chinese New Year for him and his family.

“The money will help buy things to celebrate Chinese New Year next month,” he said.

Police officer Edut Bansa, 32, said the scheme would help her mother back home in Kapit, Sarawak.

“She's in her 60s and she raised us as a single mother. It's good that I can help her,” she said.

At SMK Aminuddin Baki near the city, single mother Tan Kim Neo said the money would help pay off her utility bills.

The 54-year-old NGO administrator said it would be better if the Government gave such aid monthly, but was happy nonetheless.

Former rubbish collector Yaakub Budin, 82, said the money would ease some of his financial burden, especially since he is living alone.

He said the cost of living had risen and, having lost his wife to cancer 15 years ago, the sprightly old man said he had no one to look after him.

“I live alone, so I also have to take care of my health,” he said.

Retired labourer P. Ramaya, 59, said the money would help supplement his RM400 pension, but added that it was not enough, especially since three of his five children were still studying.

His wife, S. Supperamah, 56, added that with her thyroid condition, money was tight for the family.

“I only earn RM1,000 as a road sweeper and we have to pay for our children's college fees, our household expenses and my medical bills,” she said.

Counters had been opened since yesterday to register Malaysians who qualify for the aid at all IRB offices. The registration will continue till Jan 10.

Saturday, August 27, 2011

Update Foreign selling weighs on KLCI

more selling to come,beware and please check your holdings/stocks

Update Foreign selling weighs on KLCI
Written by Joseph Chin of theedgemalaysia.com
Friday, 26 August 2011 15:29

KUALA LUMPUR: Malaysia’s stock market continued to be battered by fund selling of bank stocks on Friday, Aug 26 but more worrying was the selling was extending to other fundamentally strong and smaller capitalised stocks also.

Analysts said the selling was from foreign funds on concerns about the economy slowing, worsened further by the US and European economies. As for the recent corporate results, they said the earnings were not that impressive also.

At 3.21pm, the FBM KLCI was down 22.22 points to 1,442.52. Turnover was 602.32 million shares valued at RM1.39 billion. Losers battered gainers 661 to 99.

It was HL Bank and HLFG’s turn to come under selling, down 42 sen each to RM12.36 and RM11.72. CIMB was the most active, falling 23 sen to RM7.02.

Other big capitalised stocks fell, with GENTING BHD [] down 33 sen to RM9.45 and KLK 24 sen to RM21.24 while Bumi Armada shed 26 sen to RM3.54 after its disappointing results.

Petronas Chemicals lost 22 sen to RM6.08, Airasia 16 sen to RM3.341 and MRCB nine sen to RM1.96




Friday, July 29, 2011

Most Asian markets down on US debt problem


Most Asian markets down on US debt problem
By YVONNE TAN and JOHN LOH
starbiz@thestar.com.my


PETALING JAYA: Market sentiment in Asia took a beating yesterday, tracking concerns in the advanced markets where in the United States, lawmakers are struggling to find a solution to the country's debt problem.

At the close, most key Asian markets were down by an average of 0.5% each.

At home, the 30-stock FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) managed to claw back some of its morning losses to finish 6 points, or 0.40%, lower to 1,551.91 after losing more than 11 points in the earlier morning session.

“The scary part of the story is the fact that markets have not priced in the US defaulting on its debt. Should the unthinkable happen next week, then a throw back to the chaos of 2008 would again become a reality,” CMC Markets analyst Ben Le Brun told Singapore's Dow Jones.


Down market: A man walking past a stock market indicator board in Tokyo yesterday. The Nikkei Stock Average lost 145.84 points, or 1.45%, to close at 9,901.35 in line with other Asian markets. — EPA
Essentially, should the United States fail to raise its borrowing limit before an Aug 2 deadline, it could default on its debts for the first time in history. On Wednesday it was reported that talks between policymakers on the matter had reached a stalemate.

“From now until a solution is found ... markets will remain jittery,” Danny Wong, chief executive officer of Areca Capital said.

Most stock markets around the world were climbing last week as a new help plan for Greece had eased some concerns that the other major debt crisis over in Europe, would get worse.

“But this US debt impasse has changed the whole equation. Unless the deadlock is broken, the risk on US sovereign credit will inevitably rise,” MIDF said in a report issued this week.

The first test of ratings on the US will be on Aug 4 when US$30bil in Treasury bills mature, it noted.

That said, fund managers are expecting Asian financial markets to enjoy a positive impact from the US debt issues, more so if talks between US policymakers fail.

“While we acknowledge negative knee-jerk reactions on a near-term basis, we believe Asia ex Japan could eventually benefit from a stronger inflow of funds, strengthening their currencies against the US dollar and boosting financial markets,” MIDF said.

Malaysia is also poised to enjoy the “positive effect”, the research house said.

Wong concurs, saying the spillover effect from the debt crisis in the United States would be positive for Malaysia as investors would look elsewhere to channel their funds.

“I am not overly concerned about any deep negative impact from the US crisis. However, if the United States goes into a recession, the global supply chain will be adversely affected,” he said.

MIDF noted that foreigners have been net buyers of Malaysian stocks in 15 out of the last 18 weeks

Local institutions turned net buyers last week, the first time in six weeks, while retailers were net sellers in the week that just ended.

----we should wait and see and be prepared to jump in, always remember play safe, play smart and never ever try to fight the tide
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