This is written regarding this on here and here. and Malaysiakini here
I don't think it is written by a Chinese.
1) I think majority of the chinese in Malaysia cannot understand all the Malay vocabulary on that article.
2) We rarely have Ng as a middle name. Ng is a family name. Thus, we have Dr Ng. Not Dr Ng Seng. If full name is Ng Seng Keat. He might call Dr Seng Keat. Not Dr Ng Seng. He totally not understand the family name and last name system of chinese. Even some have one name like in China. They should not have full stop(dot) after Ng at the bottom of the articles be Dr Ng Seng. Not Dr Ng. Seng. (Abdullah b. Yusoff?! )
3) Why chinese employed Indonesian as their maid and as restaurant worker. Because they able to do their job. Some advertisement mentioned that a candidate need to know mandarin because it is dealing with Taiwan supplier or China supplier. Or maybe the boss is uneducated unable to communicate with other language or their customer is uneducated. What is the employment rate of Malay. Who cares? Why we need to deprived their employment opportunity. The writer do not understand the Chinese thinking. Chinese is the biggest opposition of repatriation of foreign worker like Indonesian. Actually chinese do not care what is the employment rate of Malay. Nor they care the employment rate of Chinese.What they want is : salary is low and able to reduce their burden. Thus, the writer is not chinese as he do not understand the thinking of Chinese.
4) Chinese also hurt by inflation. Chinese also upset government unable to control the price. He is wrong that Mandarin orange is cheap. He must never buy Mandarin orange before. Even a person never buy mandarain orange before but read chinese newspaper know that mandarin orange is increasing yearly. Thus, he (writer)is not a chinese.
5) Chinese contractor also never employed chinese as contruction worker but Indonesion. Because the salary is much lower. The chinese construction worker get unemployed! who care? Can unemployed chinese construction worker complaint to the government? Do you think government able to solve their problem even they write 100 article like that. No, they have to help themselve. They work in Singapore, Taiwan, Japan as contruction worker or factory worker(illegally), some work in restaurant in Australia, US, UK ,Netherland German and French illegally!!!
6) Does he know that local government chief or chairman of Georgetown is hold by a Malay if not mistaken. Chinese in local government....parking attendant only. Why Penang Chief Minister is speechless when AP Land Chairman accused Penang state government inefficiency. Does he has something he unable to say?
7) I don't think any chinese aware we have a second in command in UDA nor it benefit from UDA. Majority of chinese know UDA is a "Tun Daim school of business management " where it's graduates included Renong's Halim Saad, MAS's Tanjuddin Ramli, Samsuddin Abu Hassan.
The person (writer) likely is insider of UDA
8) A chinese doctor is unlikely to write something like this. Majority of Chinese doctor joint Barisan Nasional. A chinese lawyer is more likely to write something like this, as majority of opposition leader is lawyer. Thus, he do not understand how Chinese professional think. He is not chinese.
9) Does chinese afraid of Malay become Accountant. No, a chinese Accountant is more difficult to compete. Chinese do not opposed government give more license to bumiputra. Just hope that they have equal opportunity to compete. Like government can give more banking license to bumiputra. Give more bus operator license to bumiputra. But government choose to eliminate Hock Hua Bank, Ban Hin Lee bank, Pacific Bank. Take over bus operator Park May, but unable to make profit even after numerous price increase (Price increase is cause by bumiputra controlled company, partly if not fully). Government even take over bumiputra's Mini bus license and give to one person, Late Yahya Ahmand.Take over bumiputra teksi license and give to a few company. Chinese opposed this type of take over but do not opposed granting more license to bumiputra. Chinese trader afraid of Multinational like Tesco provided 24 hour service. They do not opposed more bumiputra trader to compete with them (Like Mydin). Again, the writer do not understand how Chinese think. He is not a Chinese.
Update: 10) Mereka takut kalau Pak Lah naik, dia akan pindah Pusat kerajaan Pulau Pinang dari Komtar ke Kepala batas, kerana orang Melayu banyak disana, Chinese shoould write : Kami takut kalau Pak Lah naik, dia akan pindah Pusat kerajaan Pulau Pinang dari Komtar ke Kepala batas, kerana orang Melayu banyak di sana?
11) The writer stated that chinese should cause disrespect between Malay and their Sultan. In fact, before the constitutional crisis when Sultan have more power, Chinese able to get more license, timber conssession, mining land from Sultan. However, after the constitutional crisis. Chinese have difficulties getting this license. Some license have been revoke as describe (9) above.
12) Someone in the Prime Minister Department might involve in such article as they never been deleted for so long. I think Pak Lah have some opposition of its policies in his own department.
13) He do not understand how difficult to "Bersatu" Chinese. Chinese comprises cantonese, Hokkien, Hakka etc. Chinese divided in MCA, Gerakan, DAP, Keadilan and some East Malaysia party. In religion, chinese has Christian, buddist, Islam.In Education, we have chinese educated who study confusion and those study Sekolah Kebangasaan, who do not know mandarin and confusion culture. As stated (5) above, Chinese contractor also do not employed chinese contruction worker. Chinese is not "Bersatu". Chinese "Bersatu" with money. Every chinese know that but not Dr. Ng. Seng? He is not chinese
Update: Brand New Malaysia :UMNO-reform
The abovementioned message has been deleted from Prime Minister department website. If you still want to read it. Read it here
Link : Elianto provide business opportunity to UMNO puteri member
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Tuesday, December 13, 2005
Monday, December 12, 2005
Johor Corp replied to A Kadir Jasin
With reference to my post on A Kadir Jasin opposed Johor Corp take over KFC . Group Chief Executive of Johor Corp Bhd Tan Sri Muhammad Ali Hashim has write a reply to A. Kadir Jasin and has been published on 1st December 2005 issue of Malaysian Business.
Excerpt:+
......we are to be simply painted aside with a very broad brush as if we are an entity that is totally diassociated with the furthering of Malay, Bumiputra and national interests.......
......Indeed, all of us at the JCorp Group, Malays and non-Malays alike, share the view that serving the wider New Economy Policy cause and making a success of it through market driven and market-friendly methods is fundamental and, more so in today's global economic climate, is so critical a part of the broader Malaysian National Agenda. In fact, we have taken the stand that his mission is our very own institutional raison-d'etre going forward......
Comment: Johor Corporation has admitted that it is serving the wider New Economy Policy. I think we should not opposed that. However, I feel government should included GLC's shares in Bumiputra portion when calculating statistic on achievement of New Economic Policy. It is ridiculous to claim that bumiputra only own 18% whereas non-bumiputra find that they do not have much to share especially in banking, plantation and automobile and even fast food industry.
......I do not wish, however, to enter into such further debate here, other than to state my concern about the extensive damage alrealdy done to our corporate reputation due to his apparently one side writing. It was unfortunate that he had made no attempt to clarify matters with us, or seek to hear our side of story. We strongly feel that had he done more indepth research and a balanced and objective analysis, especially on the background situation leading to JCorp's and Kulim's involvement in the QSR and KFC acquisitions, he would probably have arrived at a different conclusion, one that i feel would be fairer and more sensitive to Jcorp's and Kulim's institutional role.
Given his professional standing and reputation, his viewpoints and writings carry a powerful influence on public perception. In the event that he or any of his associates are prepared are prepared to spend some time, my colleagues and I would be happy to relate our side of the story............
Comment: As Johor Corporation have spend some time to write the letter. Why never spend some time to included their side of the story in his letter. Shouldn't it be transparent to the public?
Update : Kulim Control 52% of QSR
The Most Competitive Bumiputra CEO in Malaysia 2005
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia News and politics Opinion Politik Social finance Shares Stock Market
Excerpt:+
......we are to be simply painted aside with a very broad brush as if we are an entity that is totally diassociated with the furthering of Malay, Bumiputra and national interests.......
......Indeed, all of us at the JCorp Group, Malays and non-Malays alike, share the view that serving the wider New Economy Policy cause and making a success of it through market driven and market-friendly methods is fundamental and, more so in today's global economic climate, is so critical a part of the broader Malaysian National Agenda. In fact, we have taken the stand that his mission is our very own institutional raison-d'etre going forward......
Comment: Johor Corporation has admitted that it is serving the wider New Economy Policy. I think we should not opposed that. However, I feel government should included GLC's shares in Bumiputra portion when calculating statistic on achievement of New Economic Policy. It is ridiculous to claim that bumiputra only own 18% whereas non-bumiputra find that they do not have much to share especially in banking, plantation and automobile and even fast food industry.
......I do not wish, however, to enter into such further debate here, other than to state my concern about the extensive damage alrealdy done to our corporate reputation due to his apparently one side writing. It was unfortunate that he had made no attempt to clarify matters with us, or seek to hear our side of story. We strongly feel that had he done more indepth research and a balanced and objective analysis, especially on the background situation leading to JCorp's and Kulim's involvement in the QSR and KFC acquisitions, he would probably have arrived at a different conclusion, one that i feel would be fairer and more sensitive to Jcorp's and Kulim's institutional role.
Given his professional standing and reputation, his viewpoints and writings carry a powerful influence on public perception. In the event that he or any of his associates are prepared are prepared to spend some time, my colleagues and I would be happy to relate our side of the story............
Comment: As Johor Corporation have spend some time to write the letter. Why never spend some time to included their side of the story in his letter. Shouldn't it be transparent to the public?
Update : Kulim Control 52% of QSR
The Most Competitive Bumiputra CEO in Malaysia 2005
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia News and politics Opinion Politik Social finance Shares Stock Market
Saturday, December 10, 2005
Benchmarking of Asia country
I have make a comparison of Asia country with western country prior East Asia Summit.
Although Ex-Prime Minister Tun Dr Mahathir express his displeasure over the present of Australia and New Zealand. Sin Chew Daily commented that a regional organisation should be able to be participate by country in the region regardless of race.
I also feel that by including Japan in Asia + 3 to balance the influence of China. American influence is there. It is not surprising that Japan suggest to include Australia and New Zealand.
Thus, my comparison would included country like Australia.
Japan - German of Asia
It is not uncommon people compare Japan with German. As both country are alliance in second world war and both country able to resurrect as economic power house after second world war.
German is most influence country in European Union whereas Japan still the largest economic entity in Asia despite it long recession.
However, in automobile industry. Toyota is like General Motor in US, Honda is like Ford in US and Nissan is like Daimler Chrysler in US. Thus, it automobile industry is like US in Asia.
Other than automobile industry. Japan is like German of Asia.
Korea- French in Asia
Korean people used to compare Japan and Korea with German and French. German and French are both influential non-English speaking country. Similarly, Japan and Korea has their own language but most Asia country have chinese resident, which speak chinese language.
Similarly, economic influence of Japan and Korea to Asia is like German and French influence on
European Union.
Singapore- UK and Swizerland in Asia
Singapore government used to benchmark themselves as Swizerland in Asia especially in term of per capita income. Singapore has overtake Swizerland in term of a lot of ranking like competitive ranking. It high cost of living is like Swizerland.
UK, is a centre of foreign US dollar call Euro Dollar Market. Singapore's is the centre of US Dollar in Asia, over take Hong Kong.Thus I feel Singapore is UK in Asia as well.
China- Potential US in Asia
China economic influence is undeniable. Even US also feel it threat in the world, not only in Asia.
Further, in term of language. People used to speak English like US and UK. Similarly, UK in Asia...Singapore also speak mandarin.
China able to become US in Asia also because it has Silicon Valley and Hollywood in Asia as well. (below)
Taiwan- Silicon Valley in Asia
Taiwan might mot independent from China. It call Silicon Valley of Asia for long time as they have strong hardware manufacturer like acre in PC. It strong in semiconductor as well.
Hong Kong- Hollywood in Asia
Although Hong Kong try very best to compete with Shanghai to become New York of China. Hong Kong is more likely to become Hollywood in Asia. Whereas Shanghai might become New York of China. Beijing is Washinton in China. Los Angeles, like Hong Kong also an important port for US.
Australia-Canada of Asia
Australia and Canada are two similar country that have rich resource, large territory with low population. Both country are migration target for Asean. Canada close proximity with US whereas Australia, might have to depend on China in future.
Thailand- Italy and Norway of Asia
Italy is alliance to German during second world war whereas Thailand allowed Japan to use it territory to attacked Malaysia. Thailand also never have war battle with Japan.
Italy however has it own brand of automobile industry, Fiat. Thailand, is like Belgium in term of automobile industry where do not have it own brand of vehicle but a centre of investment in automobile industry. Malaysia, however, has it own brand...Proton. Norway is a fisherman country. Thailand, like Norway export a lot of fish to neighboring country. Norway's telco Telenor, however, hs investment in Malaysia's Digi but not in Thailand.
Vietnam- Mexico in Asia
Mexico has close proximity to US, robust in Manufacturing industry. Vietnam close proximity with China and it robust in manufacturing industry make it a Mexico in Asia.
Update 30 Dec 2005: Vietnam's economy booms, but WTO entry stalled
Malaysia- Belgium, Sweden and Netherlands in Asia
Belgium is a headquarters of European Union as the country speak English, French, and German. German do not like to have EU meeting in French or UK. French also do not want to attend EU meeting in German or UK. But the three country willing to come to Belgium.
Malaysia, have three major race which make it a perfect Belgium of Asia. Belgium strong in Diamond trade. It also has string steel industry and automobile industry.
Netherlands have a lot of multinational jointly control with UK. Like Shell, ICI, Unilevel. Malaysia also have few company jointly control by Singaporean. Like F&N group. OCBC group. Hong Leong and Guoco group. IOI group and Golden Hope has acquired a few business from Unilevel group recently. Netherland has one electronic giant Philip. Malaysia's Hong Leong group has OYL.
ABB group jointly control by Swizerland and Sweden. As Singapore benchmark against Swizerland and UK. Malaysia as a neighbor should benchmark against Sweden and Netherlands.
Update: Sweden have communication giant Ericsson and Volvo car. Maybe Malaysia Proton should benchmark against Volvo by concentrate on heavy vehicle rather than passenger car.
Indonesia-Brazil of Asia
This is what I have stress previously From BRIC to ICIC.
Update: Global Voice Online
TechnoratiTag:Asia Business Commentary competitive Economics Economy finance Malaysia News and politics Opinion Politik Shares Social Stock Market World
Towards Single Asia Currency
Although Ex-Prime Minister Tun Dr Mahathir express his displeasure over the present of Australia and New Zealand. Sin Chew Daily commented that a regional organisation should be able to be participate by country in the region regardless of race.
I also feel that by including Japan in Asia + 3 to balance the influence of China. American influence is there. It is not surprising that Japan suggest to include Australia and New Zealand.
Thus, my comparison would included country like Australia.
Japan - German of Asia
It is not uncommon people compare Japan with German. As both country are alliance in second world war and both country able to resurrect as economic power house after second world war.
German is most influence country in European Union whereas Japan still the largest economic entity in Asia despite it long recession.
However, in automobile industry. Toyota is like General Motor in US, Honda is like Ford in US and Nissan is like Daimler Chrysler in US. Thus, it automobile industry is like US in Asia.
Other than automobile industry. Japan is like German of Asia.
Korea- French in Asia
Korean people used to compare Japan and Korea with German and French. German and French are both influential non-English speaking country. Similarly, Japan and Korea has their own language but most Asia country have chinese resident, which speak chinese language.
Similarly, economic influence of Japan and Korea to Asia is like German and French influence on
European Union.
Singapore- UK and Swizerland in Asia
Singapore government used to benchmark themselves as Swizerland in Asia especially in term of per capita income. Singapore has overtake Swizerland in term of a lot of ranking like competitive ranking. It high cost of living is like Swizerland.
UK, is a centre of foreign US dollar call Euro Dollar Market. Singapore's is the centre of US Dollar in Asia, over take Hong Kong.Thus I feel Singapore is UK in Asia as well.
China- Potential US in Asia
China economic influence is undeniable. Even US also feel it threat in the world, not only in Asia.
Further, in term of language. People used to speak English like US and UK. Similarly, UK in Asia...Singapore also speak mandarin.
China able to become US in Asia also because it has Silicon Valley and Hollywood in Asia as well. (below)
Taiwan- Silicon Valley in Asia
Taiwan might mot independent from China. It call Silicon Valley of Asia for long time as they have strong hardware manufacturer like acre in PC. It strong in semiconductor as well.
Hong Kong- Hollywood in Asia
Although Hong Kong try very best to compete with Shanghai to become New York of China. Hong Kong is more likely to become Hollywood in Asia. Whereas Shanghai might become New York of China. Beijing is Washinton in China. Los Angeles, like Hong Kong also an important port for US.
Australia-Canada of Asia
Australia and Canada are two similar country that have rich resource, large territory with low population. Both country are migration target for Asean. Canada close proximity with US whereas Australia, might have to depend on China in future.
Thailand- Italy and Norway of Asia
Italy is alliance to German during second world war whereas Thailand allowed Japan to use it territory to attacked Malaysia. Thailand also never have war battle with Japan.
Italy however has it own brand of automobile industry, Fiat. Thailand, is like Belgium in term of automobile industry where do not have it own brand of vehicle but a centre of investment in automobile industry. Malaysia, however, has it own brand...Proton. Norway is a fisherman country. Thailand, like Norway export a lot of fish to neighboring country. Norway's telco Telenor, however, hs investment in Malaysia's Digi but not in Thailand.
Vietnam- Mexico in Asia
Mexico has close proximity to US, robust in Manufacturing industry. Vietnam close proximity with China and it robust in manufacturing industry make it a Mexico in Asia.
Update 30 Dec 2005: Vietnam's economy booms, but WTO entry stalled
Malaysia- Belgium, Sweden and Netherlands in Asia
Belgium is a headquarters of European Union as the country speak English, French, and German. German do not like to have EU meeting in French or UK. French also do not want to attend EU meeting in German or UK. But the three country willing to come to Belgium.
Malaysia, have three major race which make it a perfect Belgium of Asia. Belgium strong in Diamond trade. It also has string steel industry and automobile industry.
Netherlands have a lot of multinational jointly control with UK. Like Shell, ICI, Unilevel. Malaysia also have few company jointly control by Singaporean. Like F&N group. OCBC group. Hong Leong and Guoco group. IOI group and Golden Hope has acquired a few business from Unilevel group recently. Netherland has one electronic giant Philip. Malaysia's Hong Leong group has OYL.
ABB group jointly control by Swizerland and Sweden. As Singapore benchmark against Swizerland and UK. Malaysia as a neighbor should benchmark against Sweden and Netherlands.
Update: Sweden have communication giant Ericsson and Volvo car. Maybe Malaysia Proton should benchmark against Volvo by concentrate on heavy vehicle rather than passenger car.
Indonesia-Brazil of Asia
This is what I have stress previously From BRIC to ICIC.
Update: Global Voice Online
TechnoratiTag:Asia Business Commentary competitive Economics Economy finance Malaysia News and politics Opinion Politik Shares Social Stock Market World
Towards Single Asia Currency
Battle with China on copper market is yet to over 3
This is a continuation of my previous post.
Those holding long (buy) position are playing with fire also.
The speculator realize that the conner attempt this time is not as easy as attempt to conner China Aviation Oil. Battle with SBR this time might get themselves burn this time around.
SBR auction off 200,000 tonne of copper since 23November 2005. This is to send a message to the market. They have the ability to supply the volume Liu Qibing sold out which due for settlement on 21 December 2005.
SBR might choose to deliver the goods rather than close the contract. This mean SBR have to deliver 200,000 tonne of copper before 21 December 2005 to London Metal Exchange warehouse at Singapore or Korea. SBR have to top up the deposit so that it wouldn't be force selling or corner by long position.
If the above happen. Speculator conner attempt might fail.
Financial Times in UK reported that copper stores of London Metal Exchange's warehouse in Singapore has increase 4% to2525 tonne.
Although no official announcement from SBR. Market predicted that the increase in volume come from SBR.
However, some people in the industry said SBR try to manipulate market might increase it loss to USD1billion.
Last Friday 3 December 2005. Copper price break USD4400 for the first time at London Metal Exchange. On 6 December 2005. Copper price in New York Future market also break record high.
Let see what happen on 21 December 2005.
The ending is unlikely to be predicted.
Related Link : Bloomberg The Economist The Peking Duck Paul Kedrosky's Infectious Greed The stalwart Angry Chinese Blogger
TechnoratiTag:Asia Business Commentary Economics Economy Malaysia Opinion finance Shares Stock Market Liu Qibing
Those holding long (buy) position are playing with fire also.
The speculator realize that the conner attempt this time is not as easy as attempt to conner China Aviation Oil. Battle with SBR this time might get themselves burn this time around.
SBR auction off 200,000 tonne of copper since 23November 2005. This is to send a message to the market. They have the ability to supply the volume Liu Qibing sold out which due for settlement on 21 December 2005.
SBR might choose to deliver the goods rather than close the contract. This mean SBR have to deliver 200,000 tonne of copper before 21 December 2005 to London Metal Exchange warehouse at Singapore or Korea. SBR have to top up the deposit so that it wouldn't be force selling or corner by long position.
If the above happen. Speculator conner attempt might fail.
Financial Times in UK reported that copper stores of London Metal Exchange's warehouse in Singapore has increase 4% to2525 tonne.
Although no official announcement from SBR. Market predicted that the increase in volume come from SBR.
However, some people in the industry said SBR try to manipulate market might increase it loss to USD1billion.
Last Friday 3 December 2005. Copper price break USD4400 for the first time at London Metal Exchange. On 6 December 2005. Copper price in New York Future market also break record high.
Let see what happen on 21 December 2005.
The ending is unlikely to be predicted.
Related Link : Bloomberg The Economist The Peking Duck Paul Kedrosky's Infectious Greed The stalwart Angry Chinese Blogger
TechnoratiTag:Asia Business Commentary Economics Economy Malaysia Opinion finance Shares Stock Market Liu Qibing
China worker in Genting strike
400 foreign worker from China who work in Genting casino as a coupler on strike. Report Oriental Daily. The strike started on Friday night when some casino customer already put their bet on the table. Coupler from China just leave the table. The act cause a mess at the casino. Customer feel surprise when they know it was a strike eventually as this is first in history for Genting.
It is fortunate that the stock market has closed at that point of time. Thus, share prices of Genting was not affected. Genting management still in the midst of solving the dispute between it worker from China.
It is learn that Genting have expel feel China worker who breach some rules and have discipline problem. Genting management intend to withheld all contractual bonus to all China worker until the end of the 3 years contractual period. Genting would only pay the bonus upon China worker completing their 3 years contract without breach any disciplinary rule.
Worker accused management of breaching their employment contract. They claim that few person have disciplinary problem does not mean that all people from China have disciplinary problem.
TechnoratiTag: Business Commentary competitive Economics Economy Malaysia Opinion finance Opinion Shares Stock Market
It is fortunate that the stock market has closed at that point of time. Thus, share prices of Genting was not affected. Genting management still in the midst of solving the dispute between it worker from China.
It is learn that Genting have expel feel China worker who breach some rules and have discipline problem. Genting management intend to withheld all contractual bonus to all China worker until the end of the 3 years contractual period. Genting would only pay the bonus upon China worker completing their 3 years contract without breach any disciplinary rule.
Worker accused management of breaching their employment contract. They claim that few person have disciplinary problem does not mean that all people from China have disciplinary problem.
TechnoratiTag: Business Commentary competitive Economics Economy Malaysia Opinion finance Opinion Shares Stock Market
Friday, December 09, 2005
Battle with China on copper market is yet to over 2
This is continue from my previous Post
Over the last two year. Liu Qibing has been executing short (selling) position in London Metal Exchange while executing long (buying) position in Shanghai Future Exchange simultaneously to earn the price different between the two market. Or what professional trader call "arbigrate trade"
Malaysia "Sugar King" Robert Kwok was skillful in "arbigrate trade" in international sugar market. George Soros and other hedge fund are doing arbitrage trade on various commodity and financial intrument.
Liu Qibing strategy however, cause his short (sell) position in London making loss while his long (buy) position in make a profit. Speculator in China make a huge loss position as they taking a short (sell) position in Shanghai Future Exchange. This make Liu Qibing a dirty word among speculator in China.
This make people remember Yasuo Hamanaka, a trader at Sumitomo corporation. Yasuo Hamanaka control 5% of world copper trade at some point of time. However, he make a huge loss of USD2.6billion in a mistake in 1996.
Yasuo Hamanaka make loss by taking a long (buy) position while Liu Qibing making loss by taking a short (sell) position.
From October 2004 until March 2005, other trader said Liu Qibing is "Trading" in the market by buying and selling actively without taking a position. He close his position fast and SBR making a lot of profit in Shanghai Future Exchange as Liu Qibing able to predict the market accurately. This make Liu Qibing over confident on his own capability.
However, Liu Qibing was not lucky in London Metal Exchange. London Metal Exchange comprise 80% of world copper trading volume, while Shanghai Future Exchange and New York Future Exchange comprise 10% of world trading volume each.
This mean Liu Qibing is not as easy to "manipulate" London Metal Exchange like what he did to Shanghai Future Exchange.
Observer said that Liu Qibing loss position in London Metal Exchange amounting to approximately USD150million. If Liu Qibing doing arbigrate trade. SBR should have some profit in the local China future market, which able to offset loss in London Metal Exchange.
Liu Qibing should understand that by taking a short position without simultaneously doing a long position to hedge the risk. He has expose himself in huge risk.
Insider said that the battle between SBR and international speculator is yet to over. Who will be the ultimate winner is yet to be concluded!
Future market is a zero sum game. I the long term, market price is determine by economic development and international demand and supply. However, in short term situation like this. Future market price of copper determine long short battle and their financial back up capability.
Market insider said the settlement date of Liu Qibing short position of 150-200 thousand tonne of copper build up on London Metal Exchange is on 21 December 2005.
This mean SBR has USD200million unrealized loss position. However, the battle is yet to over.
SBR might deny the trade entirely. SBR has initially deny it has a staff call Liu Qibing initially. Later, SBR said Liu Qibing is on leave and the trade represent his own position. Not SBR.
An unname officer in SBR said that primary investigation indicate that trader should individually responsible for his own loss.
Another analyst also said that Liu Qibing trade was unauthorized. Thus, might not be execute legally.
Broker and Settlement house are worried if SBR refused to honor the trade or claim it unauthorized. Broker and settlement house might have to bear the loss themselves.
Source said that 8 future market broker, speculator and a bank has fly to Beijing to negotiate with SBR on dispute on London Metal Exchange.
Excerpt and translate from Oriental Daily.
Related Link : Bloomberg The Economist The Peking Duck Paul Kedrosky's Infectious Greed The stalwart Angry Chinese Blogger
TechnoratiTag:Asia Business Commentary Economics Economy Malaysia Opinion finance Shares Stock Market Liu Qibing
Battle with China on copper market is yet to over 1
I have first write on China's State Reserve Bureau (SBR) involvement in copper speculation on 18 November 2005.
The Edge have write briefly on the issue on 22 November 2005:
"A trader supposed to be working on behalf of China's State Reserves Bureau is believed to have taken out a 150,000-200,000-tonne bet that copper prices would fall.
He has since vanished."
Liu Qibing, who predicted that the copper price will become bearish, intend to make a huge profit by taking advantage of price difference between the day he short (sell) and the price on settlement date. He never predicted that speculator are eyeing on his short position. Speculator pouring in long (buy) order to push up copper price to conner him.
After the news of Liu missing, international speculator to try to push up the copper price. Copper price was continuously breaking record high. It reach USD4243 record high at one point of time.
According to person in the industry. The long short battle between China's State Reserve Bureau (SBR) and international speculator started much much earlier.
A trader with more than 10 year experience said that he get aware on around 23 September 2005. At that point of time, London Metal Exchange (LME) copper price in the future market drop 3% initially, but later rebound to 7-8%.
Another trader said now at least two force are causing threat to SBR. One is George Soros's Quantum Fund represented hedge fund. Another is from Warren Buffet.
World second richest man after Microsoft's Bill Gates. Warren Buffet's Berkshire Hathaway start buying Gold and Silver since last year. This cause price of Gold and silver increase. This give pressure on copper price indirectly.
SBR has been eyeing by hedge fund this year or much earlier. The price movement of copper was unusual since in the beginning of the year. It has increase 40% in the last few month. This has divert from demand and supply equilibrium. A sign that the price has been manipulated.
SBR eyeing by speculator because of it hugh trading position in the market. The person who represent SBR on London Metal Exchange is Liu Qibing, who described as having "low position, high power"
Liu Qibing
The mess cause by Liu Qibing not only affect international copper market. It affect china copper market as well.
Liu Qibing born on December 1968, age 37. He has a Degree in Economic.
Liu Qibing come to Beijing and work in SBR after graduation. Initially work in a low position in a communist plan economy. Later, when China transform from plan communist plan economy to free market economy. SBR had to change it role in such situation.
It is when such changes that Liu Qibing was send to London Metal Exchange to become trainee for half year.
Liu Qibing take this short opportunity to improve his English. He speak fluent English. Liu Qibing seek advise from experience trader in London Metal Exchange. He learn professional knowledge in future market and gain trading experience. Liu Qibing also help in develop a link IT and communication system between London Metal Exchange and SBR.
However, his knowledge was not used immediately after he come back from London Metal Exchange.
After few years, until 1999, Liu Qibing is still a normal staff in SBR. Nobody predicted he has the influence he has today.
However, he has been promoted in 1999. In 2002, he become the core trader in SBR.
SBR initially has a trading team. Later, reduced to two man team with Liu Qibing and another trader. However, the other trader make a mistake and has been transferred. Thus, Liu Qibing become the sole trader for SBR on London Metal Exchange and Shanghai Future Exchange. A person with low position but high power!
Liu Qibing shine in his position as a trader slowly.
Two years ago. Liu Qibing spot the bull trend in copper price when other trader still do not have clue on where the market is heading. Liu Qibing is correct the copper price is on the bull for two years since 2003. Liu Qibing become a reputable trader in in china commodity market.
However, Liu Qibing prefer low profile. He do not talk much and in deep thought most of the time.Liu Qibing able to used technical analysis or chart skillfully.
Excerpt and translate from Oriental Daily
Related Link : Bloomberg The Economist The Peking Duck Paul Kedrosky's Infectious Greed The stalwart Angry Chinese Blogger
Reciprocated Link: Libertarian Newsletter
TechnoratiTag:Asia Business Commentary Economics Economy Malaysia Opinion finance Shares Stock Market Liu Qibing
Thursday, December 08, 2005
Jeff Ooi Vs Oon Yeoh
In management theory. If you want to do strategic planning, you have to do internal appraisal and external appraisal. When doing external appraisal, you have to do PEST analysis. That is analyzing political, economical, social and technology (PEST) impact on your company.
In order to do PEST analysis. I have to understand technology impact on my company and my country. Technology changes also have impact on social issue, like technology change how people communicate (email, handphone) and entertainment.
To understand technology issue, I used to read Oon Yeoh writing published on The Sun initially and later , The Edge. Later, I read Jeff Ooi column on Malaysian Business as well. However, I find that Jeff Ooi writing is more technical. As a non techies, I sometime have difficulties understand what Jeff Ooi write. Whereas I find Oon Yeoh writing can be understand by layman and non-techies like me.
Malaysian Business stated Jeff Ooi is an IT consultant. Thus, my impression is that Jeff Ooi is a technical competent person. In a recent article written by Oon Yeoh. It is surprising to know that Jeff Ooi initially work as a advertising copy writer rather than work in IT industry. Jeff Ooi graduated from university Sains Malaysia with a BA (Hons), majoring in comparative literature and a minor in political science! Non-IT related!!!
Later, Jeff Ooi also work as marketing and communications officer. Again, not in IT industry!
Jeff Ooi related to IT only when he study MBA, of which one paper which was about ICT's impact on business.
This prove that he is a fast learner.
In Malaysia, both IT columnist, Oon Yeoh and Jeff Ooi, which contribute to development of our Multimedia Supercorridor (MSC) in one form or another, have become a political commentator.
Oon Yeoh become a blogger with Malaysiakini before whereas Jeff Ooi has become most popular blogger in Malaysia.
This might be cause by changes in technology like internet which have change the political lanscape. People able to express their view point now compare with have to depend on mainstream media, which control by government previously. Their knowledge in IT might make them know how to make used of technology effectively to bypass government control.
Another technologist turn political commentator which I read regularly is Managing Director of Mesdaq listed PUC Founder (MSC) Berhad Mr Teh Hong Seng. He write more as hash as, if not over than Jeff Ooi. However, he write in Mandarin and never cross sword with Malay newspaper like Jeff Ooi. PUC Founder group still able to get MSC status and government grant on R&D.
PUC Founder Group is control by China government indirectly. Thus, it is a China's GLC. Maybe he represent China government. Thus, he still able to get government grant.
Other technologist like J Phang and Tony Pua devote their time to education.
Oon Yeoh write:"Jeff Ooi notoriety as a blogger has affected his work as a freelance ICT consultant. He does a lot of strategic planning work for a prominent local company but he's not allowed to do presentations anymore and at certain meetings, he's simply not allowed to be seen. "
I rather able allowed to do presentation and attend meeting in corporate world but remain Anonymous in blogosphere. However, Malaysia need people like Jeff Ooi to tell the truth to Pak Lah.
Update: Oon Yeoh's comment
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion technology
Hualon's director bankrupt
On 3 December 2005, Oriental Daily in Malaysia reported that Hualon's Chairman in Taiwan has been declare bankrupt by court of Taiwan.
On 29 November 2005. The Edge reported that Hualon Corp (M) Sdn Bhd's corporate loan continues to appear on the banks' list of non-performing loans.
"The main lenders are RHB Bank, Maybank [Malayan Banking] and Danaharta. They have exposures of RM500 million each. But they have fully provided for these loans and are at comfortable levels now. RHB wrote theirs off in June this year," says a banking analyst.
It is understood that other local banks are also exposed to Hualon, but in much smaller amounts. Some 25 financial institutions underwrote the company's guaranteed revolving underwriting facilities between 1994 and 1997, in varying amounts.The AmBank group is one such party — it guaranteed some RM130 million of Hualon's debt issue then. And just this month, Public Bank made a specific RM20 million one-off provision in its third-quarter numbers, believed to be Hualon-related.
Hualon's major shareholder is Hualon Corp Taiwan, which was delisted from the Taiwan Stock Exchange in January this year.
TechnoratiTag: Business Commentary competitive Economics Economy Malaysia Opinion finance Opinion Shares Stock Market
On 29 November 2005. The Edge reported that Hualon Corp (M) Sdn Bhd's corporate loan continues to appear on the banks' list of non-performing loans.
"The main lenders are RHB Bank, Maybank [Malayan Banking] and Danaharta. They have exposures of RM500 million each. But they have fully provided for these loans and are at comfortable levels now. RHB wrote theirs off in June this year," says a banking analyst.
It is understood that other local banks are also exposed to Hualon, but in much smaller amounts. Some 25 financial institutions underwrote the company's guaranteed revolving underwriting facilities between 1994 and 1997, in varying amounts.The AmBank group is one such party — it guaranteed some RM130 million of Hualon's debt issue then. And just this month, Public Bank made a specific RM20 million one-off provision in its third-quarter numbers, believed to be Hualon-related.
Hualon's major shareholder is Hualon Corp Taiwan, which was delisted from the Taiwan Stock Exchange in January this year.
TechnoratiTag: Business Commentary competitive Economics Economy Malaysia Opinion finance Opinion Shares Stock Market
Tuesday, December 06, 2005
Penetrate NTT DoCoMo market shares
In Japan, NTT DoCoMo dominant the wireless telecommunication market. It closet competitors KDDI's wireless division au has started preparation for what local call "Mobile Number Portability".
"Mobile Number Portability" essentially allows customers to switch from one service to another without having to change their numbers. This is an opportunity for KDDI's au to expand market shares.
In March 2002, KDDI's au market shares is 17.6%. In March 2003, it has been increase to 18.3%. March 2004, 20.7%. Come to March 2005, it market shares has increase to 22.5%. The market share is expanding every year.
Although it market share still not significant compare to NTT DoCoMo. It might able to compete with NTT DoCoMo when customer convert to 3G. KDDI's au technology is compatible between it 2G & 3G technology. Which is more advantage than NTT DoCoMo. In November 2003, KDDI's au launch a low cost ringtone, which force DoCoMo to lower it price and eroded it margin.
Malaysia recently offer it second round bidding for 3G license.DiGi Telecommunications Sdn Bhd, TT Dotcom Sdn Bhd, and MiTV Corporation Sdn Bhd – submitted their respective applications to the industry regulator on Nov 11.
Japan also offer maximum 2 new 3G License. SoftBank CEO Masayoshi Son, which provide venture capital to Yahoo and E*Trade and being call Bill Gates of Japan, was view as a serious threat by both DoCoMo and KDDI's au.Whereass they view the other bitter likely.
Bothcompanyy still remember when SoftBank enteredbroadbandd market. Masayoshi Son's SoftBank give a free trial and create a "mess" in the market.
Masayoshi Son said a new competitor of course is not welcome to the market.
Oriental Daily reported that Singapore is the first country in the world that implement "Mobile Number Portability". Hope someone from Singapore can feedback on this area.
Taiwan was implemented in October 2005. Japan plan to implement in 2006.
Back home in Malaysia, the MCMC plans to have this system in place in the next 15 to 18 months. Analyst view that the biggest gainer would be the smallest player like Digi, as bigger player like Maxis and Celcom might lose it market share to Digi as customer of Maxis can change to Digi without having to change his number from 012 to 016.He can remain to use 012 even he swished to Digi. It would be interesting to see what will happen than.
Related Link: Can bloggers charge Singapore's reader via i-mode?
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion technology
Monday, December 05, 2005
Why Tenaga should be delisted!
Tenaga Nasional Bhd (TNB) was ranked the highest turnover of public listed on Bursa Malaysia for the past few years. Only in year 2005, it position has been taken by Sime Darby. TNB still rank second in year 2005.
Science, Technology and Innovation Minister Datuk Jamaludin Jarjis was made second Finance Minister after become chairman of TNB. Political analyst said that he is close to Deputy Prime Minister Datuk Seri Najib Tun Razak, thus, as a balance of power, he has to transfer out from Finance Ministry.
Ex-Finance Mininster, late Tun Tan Siew Sin and Tun Daim was at one point control Sime Darby before.
Tenaga, Maybank and Telekom (TMT)was the top three market capitalize company in Bursa Malaysia before MISC rise to second spot last month. TMT's price move has significant influence on KLSE composite index.
Thus, everytime when the government want to move the stock market or KLSE composite index. the simplest way was to make a tariff hike so the TNB profit would increase potentially and shares prices of TNB would increase and composite index would rise cause by rise in shares price of TNB.
However, when tariff hike was announced. Economist would view that Malaysia inflation rate would increase and thus recommend to sell Malaysia's shares. KLSE composite index might not move up but down instead.
TNB was a monopoly and people do not have alternative way to get their power supply. We do not have alternative shares for TNB either. However, we have a number of Independent Power Producer (IPP)to choose from. You can buy Malakoff or YTL power but you have only one Tenaga. Similarly, you have Digi, Maxis for wireless telecommunication but you only have Telekom for fixed line. Thus, I feel we should remain Celcom on Stock Exchange but delisted Telekom.
This is because Telekom and Tenaga can opt for price increase or tariff hike to increase their profitability. However, such price increase is not tested in free market as they is no competitor. However, senior management of the company get their stock Option and smiling their way to the bank when they announced price increase and value of their shares and stock option increase.
Similarly, Pos Malaysia Bhd announced increase in postage rate and some report saying that a number of the senior management of the company become millionaire after the announcement. Shares prices keep on inceasing last week when index is coming down.
Last week, a columnist of Oriental Daily stated that a post office in a small town in Johor has only two staff. One at the counter and one become postmen. This clearly is under staff as the queues is usually long and people usually have to wait long hours to have counter services. Postal delivery at remote area usually delay in receiving their mail. Numerous complaint has been send to HQ but no action was seen to be taken.
In a free market when there is a competitor. People usually would go to competitors' shop and profit of Pos Malaysia Bhd would reduce. However, Pos Malaysia Bhd is monopoly. People have to used their service despite unsatisfied with the services. Senior Management still can become millionaire despite not serve their customer well.
Thus, I feel that TNB, Pos Malaysia Bhd should be delisted from stock exchange. Whereas Telekom should be replace by Celcom.
Remuneration of senior management should not be base on financial performance alone. A Balaced Scorecard system should be included in Key Performance Indicators (KPI) where Customer Waiting Time, Number of Complaint Received, Number of compliment letter received should be included in the KPI.
I also support the new IFRS to recognized Employee Stock Option (ESOS)as a cost of the company rather than merely an increase in capital.
Update: If Tenaga has been delisted, theere would be no pressure of tariff hike to increase share price. Government would have more option in controlling inflation. Major power consumer like steel industry would be more competitive. Few year ago, our steel industry face serious threat from steel from Russia. Which give electricity rebate to their steel industry. Thus, I feel all steel industry in Malaysia should be givena IPP licence like recently give to Lion Goup to make our steel industry more competitive.
TechnoratiTag: Business Commentary competitive Economics Economy Malaysia Opinion finance News and politics Opinion Politik Shares Social Stock Market
Friday, December 02, 2005
Google Adsense launch On-Site Advertiser to compete with AdBride
Google Adsense has provide an opportunity for blogger and content provider to monetize their content. However, blogger only received on pay per click basis.
AdBrite however, enable content provider to charge advertiser on per day basis. That means you would charges your advertiser whether your reader click the advertisement or not, as you charge a fixed rate per day. Like Liewcf charge his advertiser USD 0.64 per day. He will received USD 0.64 regardless reader click the advertisement or not.
Further, AdBrite user able to market their blog or website via their own contact. However, if you used Adsense and want to do marketing with your own contact, you are doing free marketing for Google and other blogger than used Adsense, not only for your website.
Not anymore, within two weeks. Adsense will launch a On-site Advertiser which enable advertiser to market on your website only.
This target marketing method would appear 'Advertise on this site' link on your Adsense ad unit, like AdBride. When advertiser click "Advertise on this site"and sign up. He can choose to advertise on your blog only, rather than the whole Google, and would charge on "Pay per impression basis" rather than "Pay per click basis" now.
Thus, blogger able to monetize their traffic even reader never click a particular advertisement link.
Advertiser are more willing to advertise on pay per impression basis than AdBrite per day basis. as you might not have traffic on a particular day because you do not have post on that day or other reason.
AdBrite pay to blogger on net-60 day basis. This is to allow unsatisfied advertiser to charge back via credit card. Credit Card holder usually cannot do a charge back after 60days.
Adsense however will pay you after 30 days on impression. This enable blogger to get money much earlier than AdBrite comparatively.
This mean Google Adsense offer better service to both advertiser and content provider. Thus, Google adsense new service would threaten AdBrite business.
Note : Adsense On-site Advertising has been implemented. However, as Adsense only allow one blog only at the moment for every individual account. This blog, Competitive Malaysia does not accept On-site advertising at the moment. I accept On-site Advertising on my other blog : Beauty Biotech. If you intend to do on site advertising on this blog. Please email to CompetitiveMalaysia@gmail.com
TechnoratiTag:Business Commentary competitive Economics Economy Malaysia Opinion Computers & Internet blogger Adsense technology
AdBrite however, enable content provider to charge advertiser on per day basis. That means you would charges your advertiser whether your reader click the advertisement or not, as you charge a fixed rate per day. Like Liewcf charge his advertiser USD 0.64 per day. He will received USD 0.64 regardless reader click the advertisement or not.
Further, AdBrite user able to market their blog or website via their own contact. However, if you used Adsense and want to do marketing with your own contact, you are doing free marketing for Google and other blogger than used Adsense, not only for your website.
Not anymore, within two weeks. Adsense will launch a On-site Advertiser which enable advertiser to market on your website only.
This target marketing method would appear 'Advertise on this site' link on your Adsense ad unit, like AdBride. When advertiser click "Advertise on this site"and sign up. He can choose to advertise on your blog only, rather than the whole Google, and would charge on "Pay per impression basis" rather than "Pay per click basis" now.
Thus, blogger able to monetize their traffic even reader never click a particular advertisement link.
Advertiser are more willing to advertise on pay per impression basis than AdBrite per day basis. as you might not have traffic on a particular day because you do not have post on that day or other reason.
AdBrite pay to blogger on net-60 day basis. This is to allow unsatisfied advertiser to charge back via credit card. Credit Card holder usually cannot do a charge back after 60days.
Adsense however will pay you after 30 days on impression. This enable blogger to get money much earlier than AdBrite comparatively.
This mean Google Adsense offer better service to both advertiser and content provider. Thus, Google adsense new service would threaten AdBrite business.
Note : Adsense On-site Advertising has been implemented. However, as Adsense only allow one blog only at the moment for every individual account. This blog, Competitive Malaysia does not accept On-site advertising at the moment. I accept On-site Advertising on my other blog : Beauty Biotech. If you intend to do on site advertising on this blog. Please email to CompetitiveMalaysia@gmail.com
TechnoratiTag:Business Commentary competitive Economics Economy Malaysia Opinion Computers & Internet blogger Adsense technology
Global Voice feature my blog
This is for my record only. Global Voice, which feature Jeffooi and Peter Tan before, has featured my blog on "Most Competitive Bumiputra in Malaysia 2005". This is first time my blog was feature by Global Voice.
Reader can read it here, here top right dated November 29, 2005.
Other Link: 49media
Update: 2nd feature:Benchmarking of Asia country
Update: 3rd feature: South Korea, Another `BRIC' in Global Wall
TechnoratiTag: Commentary Economics Economy finance Malaysia News and politics Opinion Politik Shares Social Stock Market Tech News Technology
Reader can read it here, here top right dated November 29, 2005.
Other Link: 49media
Update: 2nd feature:Benchmarking of Asia country
Update: 3rd feature: South Korea, Another `BRIC' in Global Wall
TechnoratiTag: Commentary Economics Economy finance Malaysia News and politics Opinion Politik Shares Social Stock Market Tech News Technology
Wednesday, November 30, 2005
Deposit Insurance System and Southern Bank take over
Malaysian's banks have been merge to 10 anchor bank after Asia Financial Crisis. The size of a merged bank are so huge that it is difficult for Central Bank or Bank Negara Malaysia to rescue a bank in the event that bank collapse or insolvent. Thus, Malaysia launch a Deposit Insurance System where in the event that a bank collapse. A depositor can claim his/her deposit from a insurance company up to RM60,000per account per bank. Central Bank or Bank Negara Malaysia no longer compensate a depositor in the event of a bank collapse.
Government claim that maximum amount of RM60,000 able to cover 95% of the depositor. It is true that my Bank account never exceed RM60,000 until now. Thus, I will be cover if my bank collapse. But majority of the employer I work for have more than RM1,000,000 in their personal bank account. Clearly, the Deposit Insurance system is disadvantage for wealthy people. They able to recover maximum RM60,000 only for RM1,000,000 they deposit (or more). The only thing they can do is to spread the money with more bank.
However, with the proposed take over of Southern Bank Bhd by Bumiputra Commerce Holdings Bhd. One bank will be eliminated if the merger proposal go through. Thus, public with more than RM60,000 would have less one bank to spread over their deposit. This merger is disadvantage to the public deposit especially the wealthier.
Further, which bank have the likely possibility of collapse? Southern Bank Berhad under the present CEO Tan Teong Hean at least has successfully go through two economic cycle or two recession. However, Bank Bumiputra, a bank form the merged Bumiputra-Commerce Bank have at least collapse twice. First, BMF scandal and second, 1997 Asia financial crisis. With such a bad record. Do you think I will deposit money in that bank?
Of course, people might said the new management of Bumiputa-Commerce is under previous management of Bank of Commerce, not previous management of Bank Bumiputra. But Bank of Commerce previously under Renong Group( now UEM World Bhd). Now, Bumiputra-Commerce Bank is a Government Link company. Like Bank Bumiputra previously.
Further, Bumiputra-Commerce Bank new chief, Nazir Razak is a Merchant Banker at CIMB Bhd. He do not have track record manage a Commercial Bank. Would you like to place your deposit with a bank manage by Tan Teong Hean, a banker with track record of survive two economic cycle or two recession? or place your money with a green horn in manage a commercial bank?
Ex-Finance Minister Tun Daim Zainnudin have a policy where he prohibit politician holding a director position in a bank. That is the reason why now appointment of senior management of financial institution required Bank Negara clearance or approval. This is to prevent politician used their position as a banker to buy vote or create influance by simply approving a loan to his supporter. This type of loan usually uncollectible and cause the collapse of a bank.
Nazir Razak, a brother of Deputy Prime Minister Najib Razak, is deem related to politician. How can Bank Negara give clearance or approval of a person related to a politician to manage a commercial bank Bumiputra-Commerce in the first place? He should remain in CIMB as merchant banker only. How Bank Negara able to prevent a brother of Deputy Prime Minister approval of certain loan it Bank Negara feel is not secure?
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion finance News and politics Opinion Politik Shares Social Stock Market
Government claim that maximum amount of RM60,000 able to cover 95% of the depositor. It is true that my Bank account never exceed RM60,000 until now. Thus, I will be cover if my bank collapse. But majority of the employer I work for have more than RM1,000,000 in their personal bank account. Clearly, the Deposit Insurance system is disadvantage for wealthy people. They able to recover maximum RM60,000 only for RM1,000,000 they deposit (or more). The only thing they can do is to spread the money with more bank.
However, with the proposed take over of Southern Bank Bhd by Bumiputra Commerce Holdings Bhd. One bank will be eliminated if the merger proposal go through. Thus, public with more than RM60,000 would have less one bank to spread over their deposit. This merger is disadvantage to the public deposit especially the wealthier.
Further, which bank have the likely possibility of collapse? Southern Bank Berhad under the present CEO Tan Teong Hean at least has successfully go through two economic cycle or two recession. However, Bank Bumiputra, a bank form the merged Bumiputra-Commerce Bank have at least collapse twice. First, BMF scandal and second, 1997 Asia financial crisis. With such a bad record. Do you think I will deposit money in that bank?
Of course, people might said the new management of Bumiputa-Commerce is under previous management of Bank of Commerce, not previous management of Bank Bumiputra. But Bank of Commerce previously under Renong Group( now UEM World Bhd). Now, Bumiputra-Commerce Bank is a Government Link company. Like Bank Bumiputra previously.
Further, Bumiputra-Commerce Bank new chief, Nazir Razak is a Merchant Banker at CIMB Bhd. He do not have track record manage a Commercial Bank. Would you like to place your deposit with a bank manage by Tan Teong Hean, a banker with track record of survive two economic cycle or two recession? or place your money with a green horn in manage a commercial bank?
Ex-Finance Minister Tun Daim Zainnudin have a policy where he prohibit politician holding a director position in a bank. That is the reason why now appointment of senior management of financial institution required Bank Negara clearance or approval. This is to prevent politician used their position as a banker to buy vote or create influance by simply approving a loan to his supporter. This type of loan usually uncollectible and cause the collapse of a bank.
Nazir Razak, a brother of Deputy Prime Minister Najib Razak, is deem related to politician. How can Bank Negara give clearance or approval of a person related to a politician to manage a commercial bank Bumiputra-Commerce in the first place? He should remain in CIMB as merchant banker only. How Bank Negara able to prevent a brother of Deputy Prime Minister approval of certain loan it Bank Negara feel is not secure?
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion finance News and politics Opinion Politik Shares Social Stock Market
Monday, November 28, 2005
Can bloggers charge Singapore's reader via i-mode?
Singapore's StarHub rolled out its i-mode mobile internet services on 18 November 2005. It is a platform that allow internet website to monetize their traffic by charging it reader via telco in Japan.
Singapore's StarHub offering more than 100 website to its subscriber. Among the content providers are Far East Flora, Golden Village, Singapore Press Holdings.
I was curious whether blogger able to charge it Singapore's reader via StarHub. A reader of my blog keropokman, a Malaysian working in Singapore stated that he had to pay S$2 when he wants to subscribe to a website, and blogger might get S$3per subscriber per month other than the S$2 one off subscription fee.
Theoretically, blogger should be able to charge it reader via i-mode according to reply by Keropokman. However, I unable to find a Content Provider Sign-up page on StarHub home page.
The question is:
Can a Singapore blogger able to charge it reader via i-mode? If such reader choose to read the blog via mobile phone.
Can an overseas blogger able to charge Singapore reader via i-mode?
If every subscriber choose S$20 monthly fixed rate subscription. How StarHub divide the fee among all the content provider?
Related Link: La-Di-Da
i-mode
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion Computers & Internet blogger technology
Singapore's StarHub offering more than 100 website to its subscriber. Among the content providers are Far East Flora, Golden Village, Singapore Press Holdings.
I was curious whether blogger able to charge it Singapore's reader via StarHub. A reader of my blog keropokman, a Malaysian working in Singapore stated that he had to pay S$2 when he wants to subscribe to a website, and blogger might get S$3per subscriber per month other than the S$2 one off subscription fee.
Theoretically, blogger should be able to charge it reader via i-mode according to reply by Keropokman. However, I unable to find a Content Provider Sign-up page on StarHub home page.
The question is:
Can a Singapore blogger able to charge it reader via i-mode? If such reader choose to read the blog via mobile phone.
Can an overseas blogger able to charge Singapore reader via i-mode?
If every subscriber choose S$20 monthly fixed rate subscription. How StarHub divide the fee among all the content provider?
Related Link: La-Di-Da
i-mode
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion Computers & Internet blogger technology
Friday, November 25, 2005
Giordano founder Jimmy Lai get his seed money from stock market
Malaysia public familiar with Giordano brand which has numerous fashion apparel outlet in major shopping mall. Its founder, Jimmy Lai is a well known figure in Hong Kong as he operate a popular newspaper Apple Daily in Hong Kong and Taiwan. Apple Daily is the first newspaper in Hong Kong that emulate UK's The Sun. Which expand readership via gossip news on celebrity.
Before Next Magazine and Apple Daily published in Hong Kong. Journalist is a respected profession. Now, people view journalist equal to a gossip writer who often break into privacy of celebrity, like causing Princess Diana death in Europe. However, all newspaper in Hong Kong have to follow the trend and culture of Apple Daily now or have to close down. Remuneration of journalist also has been better compare with industry without Apple Daily as Jimmy Lai used to pay his staff above market rate.
Few people know, Jimmy Lai actually get it seed capital from share market speculation.
Jimmy Lai , arrived in Hong Kong from the mainland as a penniless youth. He was jobless initially and have experience 2 days without food and cry on friend shoulder after he meet a friend on the street. He later work as general worker in a textile and apparel factory.
Although he only have education until primary school. One day, a foreigner invite him to become a General Manager of his textile factory after talking to him. However, he is still an employee.
He read a lot of book on stock market trading. He spotted an opportunity when the Hong Kong stock market is on the bull run in 1973. When everybody is buying. He want to short selling instead. As he know a friend working in stockbroking company. He able to pay HK7,000 to open a margin account when the minimum requirement is HK10,000. And the HK7,000 he paid is borrowed from friends!
He start short selling and the market crash. That is the famous 1973 stock market crash.He earn HK700,000 on the incident and used that seed capital to buy his first textile factory. Thus, from an employee, he is now become a his own boss, at the age of 27.
At that point of time. There was no quota on textile export to US and Europe. He quickly earn his first million and diversified to retailing by founding Giordano, a Gap-like retailer of casual clothes that is now one of Asia's top brands.
Later, he founded Next Media and launched a flashy weekly magazine, Next Magazine. Later launched a newspaper Apple Daily. Apple Daily has launch a Taiwan version call Next Daily.
When ask how he able to predict that the stock market is going to crash. He said he had read every available book on stock trading in book store. One of it is Reminiscences of Stock Operator
TechnoratiTag:Asia Business competitive Economics Economy finance Shares Stock Market
Wednesday, November 23, 2005
The most competitive bumiputra CEO in Malaysia 2005
I intend to do an article on "Top ten most competitive bumiputra entrepreneur in Malaysia" rather then doing the most competitive employed CEO, because I feel that to solve the high unemployment rate of graduate in Malaysia. Unemployed graduate need to venture out as an entrepreneur rather than ask politician to pressure private sector to employ bumiputra CEO.
However, one of the bumiputra entrepreneur that I respect Tan Sri Dato' Seri SM Nasimuddin of Naza has been alleged by our ex-Prime Minister Tun Dr Mahathir in deceiving him to approved Nasional Car status to his company. Tan Sri Dato' Seri SM Nasimuddin has since choose to remain silent and never defend himself on this issue. Government also did not clarified whether the new NAP has legitimate his move. This cause I unable to rank the "Top ten most competitive bumiputra entrepreneur" until this matter is clarified.
The reason I write this article is to provide a benchmark for aspire bumipuitra CEO on what is competitive CEO base on merit. Thus, to promote efficiency base on merit and improve the competitiveness of our country. This article also intend to provide awareness among non-bumiputra company that we do have competitive bumiputra CEO.
Criteria
The person must be a bumiputra holding CEO position in Malaysia company. However, such person must not be an entrepreneur nor related to the major shareholder of the company he attached to.
The person must leading a profitable company. Preferable a company that have strong growth in profit. However, such profit growth must not be at the expense on the country economy. If a company profit growth via price increase, tariff hike, increase in fare, or compensation by government. This company cannot be consider a competitive company.
PLUS Expressway Bhd achieved highest return on turnover during the year. Higher than MISC and Maxis but it profit mainly from price adjustment and compensation by the government. An incompetent CEO also able to achieve such profit.
The Most Competitive Bumiputra CEO in Malaysia 2005.
Category:Government Link Company (GLC)
MISC CEO Datuk Shamsul Azhar Abbas
aged 53, is the President / Chief Executive Officer of MISC Berhad (formerly known as Malaysia International Shipping Corporation Berhad). He sits on the Board of MISC and is the Chairman on the Boards of MISCÂ’s major subsidiaries and associate companies. He is also the Chairman of PETRONAS Maritime Services Sdn Bhd and a Director on the Boards of Bintulu Port Holdings Berhad and NCB Holdings Bhd.
DatoÂ’ Shamsul Azhar bin Abbas holds a degree in Political Science from Science University of Malaysia, a Masters of Science Degree (MSc.) in Energy Management from University of Pennsylvania, USA and a Technical Diploma in Petroleum Economics from Institute Francaise du Petrole (IFP), France.
He joined PETRONAS in 1975 and has held various senior management positions in PETRONAS including Vice President, Petrochemical Business, Vice President, Oil Business, Vice President, Exploration and Production Business and Vice President, Logistics & Maritime Business.
On 1 July 2004, he was appointed as the Managing Director/Chief Executive Officer of MISC. He is also currently a member of the PETRONAS Management Committee.
MISC Bhd rank as the highest net profit company in Malaysia by Malaysian Business on it 16 October 2005 issue. It rank the second highest return on turnover by Malaysian Business after PLUS Expressways Bhd. MISC record a profit of RM4.8billion for the year ended March 31,2005, more than double RM.3billion made the year before.
Category: Non-bumiputra controlled company
Maxis Communication Bhd CEO Dato Jamaludin Bin Ibrahim
Y. Bhg. Dato Jamaludin, aged 44, a Malaysian, was appointed a Director of Maxis on 23 April 2002. He is also the Chief Executive Officer ("CEO") of Maxis. He served with Maxis for about 6 years having joined in early 1997 as Director of Corporate Strategies and Development and was later promoted to Chief Operating Officer in September of the same year. In October 1998, he was appointed as the CEO of Maxis.
He has over 17 years of experience in the IT industry prior to his appointment in Maxis. He was the Managing Director and CEO of Digital Equipment (M) Sdn. Bhd. (subsequently acquired by Compaq Computers Malaysia Sdn. Bhd. and later Hewlett-Packard Sales (Malaysia) Sdn. Bhd.) from 1993 to 1997. He spent 12 years at IBM Malaysia, from 1981 to 1993, initially as a systems engineer and moving on to positions in sales, marketing and management. He was a lecturer at California State University, in the United States for a year.
He attended Maktab Sultan Abu Bakar before graduating from California State University in the United States with a Bachelor of Science, Business Administration, and a minor in Mathematics in 1978. He obtained his Masters in Business Administration from Portland State University, Oregon in 1980.
He was named Malaysia's CEO of the Year 2001. The award was jointly presented by American Express Corporate Services and the Business Times. He was also named Business Person of the Year 2001 by the Asian Academy of Management.
He is a Board member of Malaysia Venture Capital Management Berhad, HeiTech Padu Berhad and the World's GSM Association, an international wireless trade association body.
Maxis Communication Bhd is a company control by a non bumiputra Ananda Krishnan. It is the largest market capitalize non-GLC listed on Bursa Malaysia. The company is the highest net profit non GLC in Malaysia and highest return on turnover among non-GLC. The company achieve it profit not via price increase. In fact, the company is driving the price down by involve in a price war like the price war among prepaid segment recently.
Category: Women CEO in GLC
KPJ Healthcare Bhd Managing Director Datin Paduka Siti Sa'diah Sheikh Bakir
Aged 52, Datin Paduka Siti Sa'diah has been the Managing Director of KPJ Healthcare since 1 March 1993. An Economics graduate from University Malaya in 1974, Datin Paduka began her career with JCorp in the same year. She has been directly involved with JCorp's Healthcare Division in 1978. She was the Chief Executive of KPJSB, the holding company of KPJ Healthcare, from 1989 until the restructuring of KPJ Healthcare in November 2002.
Datin Paduka is also currently the Chairman of various hospitals in the KPJ Healthcare Group, as well as being a Director in other companies within the JCorp Group, such as Kulim (M) Berhad, Puteri Hotels Sdn Bhd, Willis (Malaysia) Sdn Bhd and JMF Asset Management Sdn Bhd, as well as Klinik Waqaf An-Nur, a nongovernmental organisation dedicated to the provision of healthcare services to the less fortunate. Her commitment to excellence in healthcare has driven her to be active in professional organisations, such as becoming the Vice President of the Association of Private Hospitals in Malaysia (APHM), from 1994 to 1996, and the President of the Malaysian Society of Quality in Health (MSQH), since its inception in 1997.
Datin Paduka has also been a Board Member of MATRADE since 1999, Chairman of the Audit Committee of MATRADE since 2003, a member of the National Productivity Corporation's Consultative Panel on Healthcare since 2001, and a member of the National Patient Safety Council, Ministry of Health since 2003. Since 10 April 2004, Datin Paduka was elected as an Independent Director of Bursa
KPJ Healthcare Bhd is control by Johor Corporation Bhd. A company control by Johor state government. She is the only women CEO at holding company level that I able to find among all GLC.
10 days free course on stock trading
TechnoratiTag:Business Commentary competitive Economics Economy Malaysia Opinion finance Shares Stock Market
However, one of the bumiputra entrepreneur that I respect Tan Sri Dato' Seri SM Nasimuddin of Naza has been alleged by our ex-Prime Minister Tun Dr Mahathir in deceiving him to approved Nasional Car status to his company. Tan Sri Dato' Seri SM Nasimuddin has since choose to remain silent and never defend himself on this issue. Government also did not clarified whether the new NAP has legitimate his move. This cause I unable to rank the "Top ten most competitive bumiputra entrepreneur" until this matter is clarified.
The reason I write this article is to provide a benchmark for aspire bumipuitra CEO on what is competitive CEO base on merit. Thus, to promote efficiency base on merit and improve the competitiveness of our country. This article also intend to provide awareness among non-bumiputra company that we do have competitive bumiputra CEO.
Criteria
The person must be a bumiputra holding CEO position in Malaysia company. However, such person must not be an entrepreneur nor related to the major shareholder of the company he attached to.
The person must leading a profitable company. Preferable a company that have strong growth in profit. However, such profit growth must not be at the expense on the country economy. If a company profit growth via price increase, tariff hike, increase in fare, or compensation by government. This company cannot be consider a competitive company.
PLUS Expressway Bhd achieved highest return on turnover during the year. Higher than MISC and Maxis but it profit mainly from price adjustment and compensation by the government. An incompetent CEO also able to achieve such profit.
The Most Competitive Bumiputra CEO in Malaysia 2005.
Category:Government Link Company (GLC)
MISC CEO Datuk Shamsul Azhar Abbas
aged 53, is the President / Chief Executive Officer of MISC Berhad (formerly known as Malaysia International Shipping Corporation Berhad). He sits on the Board of MISC and is the Chairman on the Boards of MISCÂ’s major subsidiaries and associate companies. He is also the Chairman of PETRONAS Maritime Services Sdn Bhd and a Director on the Boards of Bintulu Port Holdings Berhad and NCB Holdings Bhd.
DatoÂ’ Shamsul Azhar bin Abbas holds a degree in Political Science from Science University of Malaysia, a Masters of Science Degree (MSc.) in Energy Management from University of Pennsylvania, USA and a Technical Diploma in Petroleum Economics from Institute Francaise du Petrole (IFP), France.
He joined PETRONAS in 1975 and has held various senior management positions in PETRONAS including Vice President, Petrochemical Business, Vice President, Oil Business, Vice President, Exploration and Production Business and Vice President, Logistics & Maritime Business.
On 1 July 2004, he was appointed as the Managing Director/Chief Executive Officer of MISC. He is also currently a member of the PETRONAS Management Committee.
MISC Bhd rank as the highest net profit company in Malaysia by Malaysian Business on it 16 October 2005 issue. It rank the second highest return on turnover by Malaysian Business after PLUS Expressways Bhd. MISC record a profit of RM4.8billion for the year ended March 31,2005, more than double RM.3billion made the year before.
Category: Non-bumiputra controlled company
Maxis Communication Bhd CEO Dato Jamaludin Bin IbrahimY. Bhg. Dato Jamaludin, aged 44, a Malaysian, was appointed a Director of Maxis on 23 April 2002. He is also the Chief Executive Officer ("CEO") of Maxis. He served with Maxis for about 6 years having joined in early 1997 as Director of Corporate Strategies and Development and was later promoted to Chief Operating Officer in September of the same year. In October 1998, he was appointed as the CEO of Maxis.
He has over 17 years of experience in the IT industry prior to his appointment in Maxis. He was the Managing Director and CEO of Digital Equipment (M) Sdn. Bhd. (subsequently acquired by Compaq Computers Malaysia Sdn. Bhd. and later Hewlett-Packard Sales (Malaysia) Sdn. Bhd.) from 1993 to 1997. He spent 12 years at IBM Malaysia, from 1981 to 1993, initially as a systems engineer and moving on to positions in sales, marketing and management. He was a lecturer at California State University, in the United States for a year.
He attended Maktab Sultan Abu Bakar before graduating from California State University in the United States with a Bachelor of Science, Business Administration, and a minor in Mathematics in 1978. He obtained his Masters in Business Administration from Portland State University, Oregon in 1980.
He was named Malaysia's CEO of the Year 2001. The award was jointly presented by American Express Corporate Services and the Business Times. He was also named Business Person of the Year 2001 by the Asian Academy of Management.
He is a Board member of Malaysia Venture Capital Management Berhad, HeiTech Padu Berhad and the World's GSM Association, an international wireless trade association body.
Maxis Communication Bhd is a company control by a non bumiputra Ananda Krishnan. It is the largest market capitalize non-GLC listed on Bursa Malaysia. The company is the highest net profit non GLC in Malaysia and highest return on turnover among non-GLC. The company achieve it profit not via price increase. In fact, the company is driving the price down by involve in a price war like the price war among prepaid segment recently.
Category: Women CEO in GLC
KPJ Healthcare Bhd Managing Director Datin Paduka Siti Sa'diah Sheikh Bakir
Aged 52, Datin Paduka Siti Sa'diah has been the Managing Director of KPJ Healthcare since 1 March 1993. An Economics graduate from University Malaya in 1974, Datin Paduka began her career with JCorp in the same year. She has been directly involved with JCorp's Healthcare Division in 1978. She was the Chief Executive of KPJSB, the holding company of KPJ Healthcare, from 1989 until the restructuring of KPJ Healthcare in November 2002.
Datin Paduka is also currently the Chairman of various hospitals in the KPJ Healthcare Group, as well as being a Director in other companies within the JCorp Group, such as Kulim (M) Berhad, Puteri Hotels Sdn Bhd, Willis (Malaysia) Sdn Bhd and JMF Asset Management Sdn Bhd, as well as Klinik Waqaf An-Nur, a nongovernmental organisation dedicated to the provision of healthcare services to the less fortunate. Her commitment to excellence in healthcare has driven her to be active in professional organisations, such as becoming the Vice President of the Association of Private Hospitals in Malaysia (APHM), from 1994 to 1996, and the President of the Malaysian Society of Quality in Health (MSQH), since its inception in 1997.
Datin Paduka has also been a Board Member of MATRADE since 1999, Chairman of the Audit Committee of MATRADE since 2003, a member of the National Productivity Corporation's Consultative Panel on Healthcare since 2001, and a member of the National Patient Safety Council, Ministry of Health since 2003. Since 10 April 2004, Datin Paduka was elected as an Independent Director of Bursa
KPJ Healthcare Bhd is control by Johor Corporation Bhd. A company control by Johor state government. She is the only women CEO at holding company level that I able to find among all GLC.
10 days free course on stock trading
TechnoratiTag:Business Commentary competitive Economics Economy Malaysia Opinion finance Shares Stock Market
Monday, November 21, 2005
Singapore StarHub launch i-mode, a setback to Malaysia MSC
On the same day I have commented on i-mode. Singapore StarHub launch its i-mode mobile Internet service on last Friday, offering more than 100 websites at which users can buy flowers, book tickets and read news , buy and sell stocks, and find the shortest route home with an online street directory.
This would be a boost to Singapore internet industry and it ecommerce. Even US also unable to have such technology and provide such service.
Singapore telecommunication industry would be able to combine the telecommunication and internet now
Malaysia's Multimedia Supercorridor(MSC), however, still one step behind Singapore again.
Telekom Malaysia Bhd fail to form strategic alliance with NTT Japan and other company. Ananda Krishnan's Maxis, which try very hard to get such a technology over the year from DoCoMo but fail.
However, Singapore StarHub able to secure a deal with Japanese cellphone operator NTT DoCoMo in January to bring i-mode to Singapore.
Now, Singaporean would have the opportunity to try this technology first, at least earlier than Malaysian. Who is working in Singapore?
Related Link: La-Di-Da
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion finance Shares Stock Market
This would be a boost to Singapore internet industry and it ecommerce. Even US also unable to have such technology and provide such service.
Singapore telecommunication industry would be able to combine the telecommunication and internet now
Malaysia's Multimedia Supercorridor(MSC), however, still one step behind Singapore again.
Telekom Malaysia Bhd fail to form strategic alliance with NTT Japan and other company. Ananda Krishnan's Maxis, which try very hard to get such a technology over the year from DoCoMo but fail.
However, Singapore StarHub able to secure a deal with Japanese cellphone operator NTT DoCoMo in January to bring i-mode to Singapore.
Now, Singaporean would have the opportunity to try this technology first, at least earlier than Malaysian. Who is working in Singapore?
Related Link: La-Di-Da
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion finance Shares Stock Market
Friday, November 18, 2005
Does China involve in copper speculation?
There is a rumor said that a commodity trader, Liu Qibing representing China's State Reserve Bureau (SBR), went missing recently after he built up massive short positions in London Metal Exchange that traders claimed ranged anywhere between 100,000 and 600,000 tons.
This is second loss of China government in commodity Future Market after the mainland's Singapore-listed China Aviation Oil went under when it was forced to seek court protection from creditors after revealing it had lost 550 mln usd through derivatives trades that turned sour in late 2004.
Chinese authorities however, have rejected reports of any link to a trader who was said to have worked for Beijing but vanished after making wrong bets on copper futures contracts that could potentially cost hundreds of millions of dollars.
Speculator however, keep on buying copper in London Metal Exchange sending the copper price to record high on Monday.
On Monday, London Metal Exchange copper price hit USD4132 after a sharp rise last Friday. Before that, copper price has rise 30% from the beginning of the year.
On Wednesday, copper price continue to rise price rise continuously for fifth consecutive day. It is suprising that non of the mainstream English newspaper in Malaysia report such news. I only see Oriental Daily and Nanyang doing report on such incident
TechnoratiTag:Asia Business Commentary Economics Economy Malaysia Opinion finance Shares Stock Market
This is second loss of China government in commodity Future Market after the mainland's Singapore-listed China Aviation Oil went under when it was forced to seek court protection from creditors after revealing it had lost 550 mln usd through derivatives trades that turned sour in late 2004.
Chinese authorities however, have rejected reports of any link to a trader who was said to have worked for Beijing but vanished after making wrong bets on copper futures contracts that could potentially cost hundreds of millions of dollars.
Speculator however, keep on buying copper in London Metal Exchange sending the copper price to record high on Monday.
On Monday, London Metal Exchange copper price hit USD4132 after a sharp rise last Friday. Before that, copper price has rise 30% from the beginning of the year.
On Wednesday, copper price continue to rise price rise continuously for fifth consecutive day. It is suprising that non of the mainstream English newspaper in Malaysia report such news. I only see Oriental Daily and Nanyang doing report on such incident
TechnoratiTag:Asia Business Commentary Economics Economy Malaysia Opinion finance Shares Stock Market
Blog that link to my site 2
This is just an update from my previous post.
A lawyer Miracle8 recommend my blog on her blog Memory Lane on item No 7.
"Old Man" (Note: Not Good Man), a Malaysian living in UK and regular commentator of this blog make some posting on Brain Dancing. Initially I thought he is iomar (I think he is a doctor if not mistaken). But iomar write and said that he is not Old Man but he said my blog is nice.
On 23 October 2005, a Finance Manager also recommend my blog on his blog I've.....seen things .
Tony Pua's blog Education In Malaysia also provided another link from one of his post Universiti Sains Malaysia: Equally Clueless? to one of my article University Sains Malaysia should benchmark against National Chiao Tung University in Taiwan .
Thank you. All of you.
TechnoratiTag: Commentary Economics Economy finance Malaysia News and politics Opinion Politik Shares Social Stock Market Tech News Technology
A lawyer Miracle8 recommend my blog on her blog Memory Lane on item No 7.
"Old Man" (Note: Not Good Man), a Malaysian living in UK and regular commentator of this blog make some posting on Brain Dancing. Initially I thought he is iomar (I think he is a doctor if not mistaken). But iomar write and said that he is not Old Man but he said my blog is nice.
On 23 October 2005, a Finance Manager also recommend my blog on his blog I've.....seen things .
Tony Pua's blog Education In Malaysia also provided another link from one of his post Universiti Sains Malaysia: Equally Clueless? to one of my article University Sains Malaysia should benchmark against National Chiao Tung University in Taiwan .
Thank you. All of you.
TechnoratiTag: Commentary Economics Economy finance Malaysia News and politics Opinion Politik Shares Social Stock Market Tech News Technology
Guide To Trading With Discipline & Confidence (Advertorial)
Day 1 - Introduction
The goal of any trader is to turn profits on a regular basis, yet few people ever really make consistent money as traders. What accounts for the small percentage of traders who are consistently successful?
Day 2 - The Basics of Analusis and Rational Trading
For a number of years, fundamental analysis was considered the only real or proper way to make trading decisions. Today the opposite is true. Almost all experienced traders use some form of technical analysis to help them formulate their trading strategies.
Day 3 - Basic Principles
To operate effectively in any trading environment, you need rules and boundaries to guide your behavior. It’s a simple fact of any trading, no matter what “system” you’ve developed.
Day 4 - Characteristics of Successful Traders
Successful traders have a few things in common. Developing these characteristics and habits will help make you a successful trader.
Day 5 - Playing to Your Strenghts, Overcoming Your Weaknesses
Every individual has different behavior patterns that make them unique. By understanding your own habits and behaviors, you can greatly improve your trading abilities and your ability to accumulate wealth.
Day 6 - Winning Psychology
Most traders who are successfully initially end up losing all their gains – and more. To be successful, you have to acknowledge this pattern… and then break it.
Day 7 - Avoiding Common Pitfalls
Most markets have predictable trends and repeated patterns. Why? Because most things that happen in the markets are a results of the motivations of the people in those markets.
Day 8 - Sound Money Management
If you don't use good money management by locking in profits, taking small losses on the picks you're wrong about, and controlling your use of margin, eventually you'll lose it all, no matter how good a trader you are.
Day 9 - Trading Systems
There are many ways to profit from the markets. There is however, one common element all successful traders have: they approach trading in a systematic way.
Day 10 - Final Words
Trading is a means to an end. Trading is not an end in itself.
Technorati Tag:finance Malaysia Shares Stock Market
Disclaimer
This course is for general information and not prepared for a person's specific investment objectives, financial situation or needs. It is published on the understanding that nothing contained herein is to be construed as a specific advisory recommendation or invitation to trade any securities, contracts or any financial products. It should be noted that trading in securities, futures contracts and any other financial products involves high risks and anyone who buys or sells any securities or contracts are doing so at his or her own risk. Please consult a licensed investment advisor before making any investment decision. Further note that no method of trading is foolproof and past performance is no guarantee of future results. We do not guarantee the accuracy, reliability or completeness of the information in this guide and nothing contained herein should be made the basis by anybody for any claim, demand or cause or action.
The goal of any trader is to turn profits on a regular basis, yet few people ever really make consistent money as traders. What accounts for the small percentage of traders who are consistently successful?
Day 2 - The Basics of Analusis and Rational Trading
For a number of years, fundamental analysis was considered the only real or proper way to make trading decisions. Today the opposite is true. Almost all experienced traders use some form of technical analysis to help them formulate their trading strategies.
Day 3 - Basic Principles
To operate effectively in any trading environment, you need rules and boundaries to guide your behavior. It’s a simple fact of any trading, no matter what “system” you’ve developed.
Day 4 - Characteristics of Successful Traders
Successful traders have a few things in common. Developing these characteristics and habits will help make you a successful trader.
Day 5 - Playing to Your Strenghts, Overcoming Your Weaknesses
Every individual has different behavior patterns that make them unique. By understanding your own habits and behaviors, you can greatly improve your trading abilities and your ability to accumulate wealth.
Day 6 - Winning Psychology
Most traders who are successfully initially end up losing all their gains – and more. To be successful, you have to acknowledge this pattern… and then break it.
Day 7 - Avoiding Common Pitfalls
Most markets have predictable trends and repeated patterns. Why? Because most things that happen in the markets are a results of the motivations of the people in those markets.
Day 8 - Sound Money Management
If you don't use good money management by locking in profits, taking small losses on the picks you're wrong about, and controlling your use of margin, eventually you'll lose it all, no matter how good a trader you are.
Day 9 - Trading Systems
There are many ways to profit from the markets. There is however, one common element all successful traders have: they approach trading in a systematic way.
Day 10 - Final Words
Trading is a means to an end. Trading is not an end in itself.
Technorati Tag:finance Malaysia Shares Stock Market
Disclaimer
This course is for general information and not prepared for a person's specific investment objectives, financial situation or needs. It is published on the understanding that nothing contained herein is to be construed as a specific advisory recommendation or invitation to trade any securities, contracts or any financial products. It should be noted that trading in securities, futures contracts and any other financial products involves high risks and anyone who buys or sells any securities or contracts are doing so at his or her own risk. Please consult a licensed investment advisor before making any investment decision. Further note that no method of trading is foolproof and past performance is no guarantee of future results. We do not guarantee the accuracy, reliability or completeness of the information in this guide and nothing contained herein should be made the basis by anybody for any claim, demand or cause or action.
Thursday, November 17, 2005
Ananda Krishnan's empire missing link
Ananda Krishnan's empire comprises telecommunication company (telco) Maxis, pay TV operator Astro All Asia Network, satellite company MEASAT and Tanjong Public Limited Company, which operate in gaming industry and cinema. His fortune was said from petroleum industry.
In China, an American Idol type program get huge response from Chinese youth. It contestant's name are among the top ten search in Chinese search engine. All contestant have their own website with their own profile. A lot of blog in China also cover the incident. Discussing and debating the outcome.
China, rule by communist. Do not have chance to vote. Now have an opportunity to vote their leader now have the opportunity to vote their idol via sms.
TV operator who conduct the show get a lot of sponsorship and advertising money.
Telco also gain from sms. With such a huge population in China. Telco are laughing all the way to the bank.
Internet company in China, some list on NASDAQ also gain from such program.
Thus, some social commentator said the next generation business tycoon comprises person know how to combine the power of 3 industry .......TV, telecommunication and internet.
Ananda Krishnan business empire comprises at least two pillar ......TV (Astro) and telco ( Maxis). Thus, the missing link is internet.
Most reality show in Malaysia now are conducted by free TV network rather then pay TV network. Pay TV Astro however air free TV via their network. A lot of subscriber of Astro actually viewing free TV via Astro. Thus, Astro has indirectly gain from it.
Free TV company do not own telco. Thus, Maxis, being the largest mobile telecommunication company in Malaysia is the biggest gainer.
In Malaysia, another gainer is Music and entertainment industry. Actually, it is the music and entertainment industry that make used of the three sector (TV , Telco and internet). In Malaysia, music and entertainment industry able to get an idol or star that have ready market like Academi Fantasia's Mawi and Malaysia Idol Daniel. Recently, a blogger Dawn Yang sign up by a modeling agency in Singapore. This is how the music and entertainment industry make used if internet after threaten by MP3 and other peer to peer program.
Malaysia, which majority of it population is Malay or bumiputra. Vote a non-bumiputra as their idol. This might signify that youth in Malaysia is not racist.
Link: Malaysia-Today
Competitiveness of Indian Community in Malaysia
Malaysia's richest 40
TechnoratiTag:Asia Business Commentary competitive Economics Economy Malaysia Opinion finance Shares Stock Market
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