tag:blogger.com,1999:blog-84640433507129502692011-12-26T14:15:39.603+08:00CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.comBlogger1981100tag:blogger.com,1999:blog-8464043350712950269.post-61746615635886199972010-06-24T17:11:00.003+08:002010-06-24T17:35:02.202+08:00

The move to allow EPF members to buy only funds with a track record of at least three years has drawn mixed reactions.Effective August, funds with a less than a three-year performance track record as well as newly launched ones will not be sold to EPF contributors. The new rulings also reinstated a previous move to allow EPF members to invest in funds with foreign exposure, but now with a limit

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-63469239405256502192010-06-15T16:59:00.003+08:002010-06-15T17:03:36.760+08:00

Significantly larger number of EPF members withdrew part of their retirement savings for investment in unit trusts. The amount withdrawn under Members’ Investment Withdrawals in first quarter of 2010 (Q1 2010) increased by 43.26 per cent to RM911.15 million (Q4 2009: RM896.66 million) from RM636.01 million withdrawn in the corresponding period in 2009. Total applications approved under this

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-88548408189808263662010-06-10T15:25:00.002+08:002010-06-10T15:28:42.093+08:00

EPF will publish its Top 30 equity investments in companies listed on Bursa Malaysia on a quarterly basis. Members could see from the website which companies their savings were invested.The investment highlights can be viewed at www.kwsp.gov.my. As of March 31, the EPF’s top three shareholdings were 67.33% stake in Malaysian Building Society Bhd, 56.14% of RHB Capital Bhd and 41.54% of Malaysian

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-81665521511069276772009-11-09T16:50:00.000+08:002009-11-09T16:51:43.238+08:00

Once upon a time, there lived an ugly ogling ogre who had a kind heart. He was a vegetarian. He was in love with Ohoho. Huh? Did I get your attention?The power of storytelling is something that we fully understood and enjoyed as children, but somehow forgot as we grew older. Our brain waves would change during a presentation when the presenter says the magic words, "Let me tell you a story..."

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com5tag:blogger.com,1999:blog-8464043350712950269.post-53921320241098166732009-07-23T17:31:00.002+08:002009-07-23T17:36:30.071+08:00

Malaysia is set to have private pension funds by the middle of 2010. This is part of the whole pension fund reform in the country and crucial for building the new high income-based economic model.Several fund managers have shown keen interest in establishing private pension funds. Therefore, there could be a few, rather than just one. At present, a relatively large proportion of the economically

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-72982120293017572942009-07-13T13:32:00.001+08:002009-07-13T13:34:35.749+08:00

A staggering RM20mil - that is how much Malaysians have been conned by African tricksters in the past few years in at least 11 internationally known scams ranging from Black Money to inheritances which promise non-existent wealth.The statistics, provided by Bukit Aman, also showed that most victims are, ironically, educated people such as lawyers, accountants, academicians and even politicians

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-25040129449662687822009-07-07T18:36:00.000+08:002009-07-07T18:38:14.453+08:00

The Black Money scam was reported by Interpol to have surfaced in Malaysia in 1998.Most of these con artists enter the country on a social visit pass which allows them to stay up to 30 days. They tend to enrol in local colleges, just to obtain student visas so that they could extend their stay here. They would then send out random emails and SMS, promising huge piles of money. Usually a “

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-76811558153968838212009-06-23T17:52:00.002+08:002009-06-23T17:55:39.276+08:00

1) Animal vaccine:These vaccines are ostensibly for farmers to use on their animals to help them breed faster. The demonstrations conducted by the con men are so convincing that the victims do not hesitate to buy the “magic vaccine” despite its high price.2) Currency exchange:Customers are offered extraordinary rates when they want to convert their money.3) Inheritance:Syndicates would use

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-41691135190797474822009-06-12T14:03:00.001+08:002009-06-12T14:04:46.774+08:00

Here are some commonly made money mistakes that everyone should avoid:Mistake #1:Failing to PlanNot many of us plan our finances. The most common response that we can anticipate would be the classic excuse “We are just too busy with work and family that we hardly have any time left to do the planning”. As a result, most of us end up paying higher taxes, leave our savings sitting silently in lousy

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-83937443224640879292009-06-05T17:37:00.000+08:002009-06-05T17:40:00.975+08:00

Unit holders will be taxed on distribution received from a unit/property trust. The income distributed will include a tax credit which is actually tax paid by the unit trust company. The unit holders can therefore utilise the tax credit available to set off against their tax payable. Any excess of tax credit over the tax payable will be refunded by the tax authorities to the unit holders.Income

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-45182740161661821122009-06-02T19:15:00.002+08:002009-06-02T19:28:35.983+08:00

"If you are first you are first. If you are second you are nothing." Bill ShanklyThis blog is ONE year old! It has evolves from 'the story of my life' and all the jazz to a more investment and economy centric blog. After close to 200 hundred articles, unfortunately, instead of going and growing stronger, due to work and personal commitments, I have to sacrifice this writing passion on the back

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-71827774113646638672009-05-25T17:19:00.002+08:002009-05-25T18:38:51.509+08:00

There were no surprises in the Reader’s Digest Trusted Brands Awards 2009. The survey was carried out by research firm The Nielsen Co, with respondents voting for their most trusted brands in 43 categories of products and services.The brands were assessed and ranked quantitatively and qualitatively based on six determining factors: trustworthiness and credibility, quality, value, understanding of

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-1233361049768440782009-05-22T18:01:00.001+08:002009-05-22T18:03:28.056+08:00

Chee Wee is a very common name. Few years back, when I was purchasing an electrical item at SenHeng Electrical, the sales consultant did a search and voila, there were 5 Tan Chee Wee in the database! You can also call me Sumana. That’s my Buddhist name. Should I tell you more on Buddhism? Of course not. My madam mentor cajoled me to talk about myself – nothing else otherwise the ice will not be

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-3011008445428307522009-05-18T08:39:00.002+08:002009-05-18T08:46:34.997+08:00

Saving is sin, and spending is virtue.Japanese save a lot. They do not spend much. Also Japan exports far more than it imports. Has an annual trade surplus of over 100 billions. Yet Japanese economy is considered weak, even collapsing. Americans spend, save little. Also US imports more than it exports. Has an annual trade deficit of over $400 billion. Yet, the American economy is considered

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-87857472342899609632009-05-14T13:59:00.003+08:002009-05-14T17:32:31.263+08:00

In a small town on the South Coast of France, holiday season is in full swing, but it is raining so there is not too much business happening. Everyone is heavily in debt.Luckily, a rich Russian tourist arrives in the foyer of the small local hotel. He asks for a room and puts a Euro100 note on the reception counter, takes a key and goes to inspect the room located up the stairs on the third

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-62985657307835233662009-05-11T12:30:00.003+08:002009-05-11T16:26:29.460+08:00

When investing in stocks control your greed and fear. We need to know who we are in order to do well in stock market investing - Ooi Kok Hwa, investment adviser The recent strong market rally caught many investors by surprise again. Most investors predicted that it was just a bear market rally. They have been hoping the market will turn down again. Unfortunately, it has been moving up strong

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-75891388760510549202009-05-08T07:47:00.001+08:002009-05-08T09:39:48.735+08:00

“Health is the highest gain. Contentment is the greatest wealth”“Contentment is the quality of being able to do with what little we have.” ~ The Buddha ~Contentment is the greatest possession in life. If one have everything but not able to be contented in life, one would not be able to find the real happiness. A contented person is one who do not have excessiveness, who is self-restrain, who

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-35854414100786288562009-05-07T17:33:00.001+08:002009-05-07T17:39:38.897+08:00

"Learn from the mistakes of others. You can't live long enough to make them all yourself." - Eleanor Roosevelt.Some mistakes are more painful than others. Followings are investing mistakes that you do not want to make and are avoidable.#1 Don't Let Poor Asset Allocation Make You PoorBefore trying to figure out if the latest share tip is worthy of your investment dollars, you need a plan. How much

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-85700079076189521652009-05-06T17:42:00.002+08:002009-05-06T17:46:15.287+08:00

My mate, Kayage Class 88 commented on the article, Baby Step To Financial Freedom posted on Monday 4 May 2009. He has his points and thought it would be a waste if I did not share his thoughts. Here we go - lock stock barrel...Whilst knowing how to invest is a good thing, I do not think it is a 'must'. Looking back at our parents' time, were there mutual funds schemes during that time? I dare say

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-38689944096643457592009-05-05T13:29:00.000+08:002009-05-05T13:33:51.084+08:00

"If you can't make decisions in life, you're a bloody menace. You'd be better becoming an MP!" Bill ShanklyYoung parents Viveka and Ananda have been putting aside a fixed sum every month into their savings accounts as part of their retirement nest egg after deducting their household expenses. The ‘journey’ taken is lauded but perhaps they need to re-examine the mode of ‘vehicle’. The common

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-12069027666046403222009-05-04T13:38:00.001+08:002009-05-04T13:55:43.659+08:00

Assume you start investing at the age of 25 and intend to retire at 55. By saving RM100 per month and invest the money into fixed deposits (FD), assuming the FD can provide about 3% return over the next 30 years, your investment portfolio will reach RM58,274 when you reach 55.However, if you can generate 5%, 7% and 10% returns, your investment portfolio will achieve RM83,226, RM121,997 and

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com3tag:blogger.com,1999:blog-8464043350712950269.post-303883540724397702009-04-29T18:38:00.001+08:002009-05-04T17:08:37.749+08:00

Once upon a time, there lived an ugly albino who had a kind heart. He was a vegetarian. He was in love with Dino. Huh? Did I get your attention?The power of storytelling is something that we fully understood and enjoyed as children, but somehow forgot as we grew older. Our brain waves would change during a presentation when the presenter says the magic words, "Let me tell you a story..." Those

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com3tag:blogger.com,1999:blog-8464043350712950269.post-14332341845197417402009-04-28T13:52:00.001+08:002009-04-28T14:12:18.434+08:00

DPM is asking the Bumiputra and Indian investors to take up the remaining two billion Amanah Saham Malaysia (ASM) units as the Chinese have already snapped up their quota of 999mil units. He was quoted “This clearly shows the level of understanding among the Chinese when it comes to investment and financial planning for the future.” Susah dahulu, senang kemudian!He also urged parents, teachers

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-82771842260440565992009-04-24T12:56:00.002+08:002009-04-24T17:39:57.951+08:00

Life is suffering, impermanence. Acknowledge it.We work hard, piling long hours in our workplace for a more comfortable life and to fulfill our responsibilities and commitments. Along the way, we sacrifice and neglect many things notably our health. We start to take things for granted. The pace of changes in the dog eats dog society could make us worse off, as we try to keep pace with the

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-63489315170594723612009-04-22T17:51:00.000+08:002009-04-22T17:52:59.306+08:00

A couple in Britain pays almost nothing for the mortgage on their house. When news broke out about a British couple paying a paltry one pence (five sen) a month for their mortgage, it set tongues wagging.However it came as no surprise. After all, banks are paying what pensioners grumbled were “less than peanuts” interest for their hard-earned savings. They seemed blessed as their interest-only

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-40557963076733575212009-04-20T18:07:00.002+08:002009-04-20T18:12:18.034+08:00

The answer is that we are in transition. The crisis has turned a corner, but obstacles lie ahead. Government interventions in the financial sector and the real economy are starting to gain traction.This is a major change. Two months ago, the major economies were in free fall. A full global downward spiral in which the damaged balance sheets in the household sector led to reduced consumption and

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-82938905102048474522009-04-16T12:39:00.001+08:002009-04-16T12:41:08.884+08:00

This is the follow up to yesterday article - Hillsborough Remembered.Eddie Spearritt, Survivor who lost his 14-year-old son, Adam There was a policeman on the track. He must have been five or six feet away from me. I was screaming and begging him to open the perimeter gate. You can scream your head off when you’re screaming for your son’s life. I was right at the front and I'm screaming that Adam

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-2960984329536656442009-04-15T08:31:00.004+08:002009-04-16T12:42:41.831+08:00

"Some people believe football is a matter of life and death, I am very disappointed with that attitude. I can assure you it is much, much more important than that." Bill ShanklyTwenty years ago, on April 15th 1989, over 25,000 Liverpool supporters travelled to Hillsborough, Sheffield to watch the FA Cup semi-final match against Nottingham Forest. 96 of them never returned!What should have been a

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-77439160505062986452009-04-14T12:56:00.002+08:002009-04-14T13:16:01.136+08:00

Continue to learn and challenge yourself and your brain will continue to grow. Learning over time enhances memory and the survival of new brain cells. - AnonymousEven the aviation industry is not being spared!Airlines have announced plans to take 1,700 planes out of service as fewer people fly. United Airlines is retiring all 94 of its Boeing 737s by year end and Northwest Airlines has cut its

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-90714289694968291412009-04-10T14:13:00.003+08:002009-04-10T14:22:46.987+08:00

A mate of mine, Razali has just launched his maiden book. Check it out in the bookstore or online http://laburniaga.blogspot.com/ Get a copy to get some useful tips on investing in shares. The timing is right to ride the wave! Panduan Bijak MelaburMenguasai Selok-Belok Pelaburan SahamRamai pelabur yang melabur dalam pasaran saham tidak membuat sebarang penyelidikan sebelum membeli saham. Mereka

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-35441523905046621192009-04-10T13:54:00.002+08:002009-04-10T14:07:51.305+08:00

1) Leaving it all to the maidSuccessful parents do not always bring up successful children. Due to commitment to work, these parents tend to leave their children totally in the care of maid. These kids would be deprived if the love and affection from parents.2) Not allowing them to help outChildren are never too young to help out. Doing chores help them to develop. Folding blankets, making beds

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-10379254669815766862009-04-09T14:07:00.004+08:002009-04-09T14:29:55.797+08:00

To be humble in front of your superiors is dutyTo be humble among your peers is courtesyTo be humble before your subordinates is nobility- the late Tun Ismail Mohd Ali, ex Bank Negara GovernorA study published in Internal Medicine found that older people who exercise at least 3 times a week were abut a third less likely to develop Alzheimer’s disease or other forms of dementia as compared to who

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-29866579560265521692009-04-07T12:31:00.002+08:002009-04-07T15:24:42.124+08:00

It is not always easy to do what is no popular but that is where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized. Successful stocks don’t tell you when to sell. When you feel like bragging, it is probably time to sell. I have never bought a stock unless, in my view, it was on sale - John Neff on Investing.Are you adopting a

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-84895020184001642082009-04-06T13:48:00.002+08:002009-04-06T13:56:51.083+08:00

A lot of people will let you down, that is life. But at least you can learn from the disappointment and ensure you do not make the same mistake. - Lindsay BannermanReading is the great escape. It is a great way to reduce stress by gaining knowledge and solve problems. It can be a source of inspiration and provide hope. It allows imagination to run wild and free. In the long run, it does not

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-26150818620364274402009-04-03T18:50:00.000+08:002009-04-03T18:52:14.859+08:00

Many of us join association because we believe in the work they are doing and what they stand for! - From VolunteersWalMart the world biggest corporation has warned its suppliers they will be banned from selling goods to the company if they do not meet supply chain standards. Meeting social and environment standards is not optional. Be warned, company that cheats on the age of labour, that dumps

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-66243001894067826172009-04-01T12:32:00.002+08:002009-04-01T12:34:58.466+08:00

According to Bank of Japan's quarterly "tankan" survey for March, confidence at major Japanese manufacturers has fallen to an all-time low, dragged south by an unprecedented drop in global demand and a deep credit crunch.The closely watched sentiment index for large manufacturers stood at minus 58 - the sixth straight quarter of decline and the worst reading ever. The index's previous lowest

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-83176215316057145522009-03-30T12:26:00.002+08:002009-03-30T12:29:34.368+08:00

In difficult times, the main challenge is survival and to maintain liquidity. Bad times don’t last forever. Often such times make better people. If dark clouds are forming, be prepared with an umbrella. It does not mean you have to stay indoor during the rain. It is your choice. In the economic rain, many can still find new fortune and success. So be ready to chase after the opportunities that

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-36584502634049987982009-03-26T17:24:00.000+08:002009-03-26T17:25:26.294+08:00

Sheep dot green hills. Pheasants hop across country lanes. Quaint cottages sit next to a tiny stone church. Neighbours who have known each other since birth greet strangers warmly.And for at least 23 million pounds (about $32 million), this leafy, nostalgic slice of England could be yours. The village of Linkenholt's 21 cottages, grand manor house, lush green cricket pitch and accompanying

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-10811180310993696832009-03-25T13:19:00.000+08:002009-03-25T13:22:05.298+08:00

The outlook of the investment industry remains uncertain amid continued risk aversion, volatility and flickering signs of hope in capital markets, industry players said.Sales may improve this year as equity markets locally and abroad were starting to look attractive due to cheap valuations. Although sales had started to slowly pick up since early this year, it may be impacted severely if the

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-14198845556291309432009-03-24T12:36:00.000+08:002009-03-24T12:38:50.384+08:00

Employees Provident Fund (EPF) contributors may have to be contented with lower returns in the coming years as the fund struggles to boost income amid steep falls in interest rates and a weak equity market. Analysts said given the fund’s size and strict mandate, it would be very difficult to sustain payouts of above 5% in the coming years. The fund has already hinted that this year’s payout would

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-68482674412886085242009-03-23T17:08:00.000+08:002009-03-23T17:10:21.371+08:00

CIMB group CEO Datuk Seri Nazir Razak said “Investors should diversify their portfolios and preserve their capital under the current downbeat and uncertain economic climate. Look out for companies that are well managed. At times like this, the risk-reward equation is greatly amplified, so invest in companies with astute leadership that is well-aligned with shareholder value creation; the right

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-32941249722564939802009-03-20T12:34:00.002+08:002009-03-20T12:39:18.664+08:00

Samuel Johnson, 18th century literary sage, evaluated a manuscript of an aspiring writer - "Your work is both original and good. Unfortunately, the parts that are good are not original and the parts that are original are not good!"More outbursts on AIG (See my posting 2 days ago).The CEO of insurance giant AIG told furious members of Congress that some of the firm's executives have begun

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-89594997597680538222009-03-19T12:16:00.000+08:002009-03-19T12:36:44.868+08:00

“Acceptance does not mean being weak and allowing people to push us around. It means being strong enough to accept that we cannot alter everything to suit us and it does make our life easier by getting rid of those futile feelings of wanting to change everyone and everything” - AnonymousWhen factory supervisor Anusia heard that all employees had to abide by drastic cost-cutting measures, she knew

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-63083069914677184902009-03-18T12:41:00.000+08:002009-03-18T12:43:11.593+08:00

President Barack Obama was angry. He issued a blistering attack on American International Group and pledged to stop the insurance giant from paying out millions in executive bonuses. After taking $170 billion in federal bailout funds, the company announced that it was bound contractually to pay out $165 million in executive bonuses, prompting a storm of criticism from Mr President to every Damn

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-446091746101980672009-03-17T17:19:00.000+08:002009-03-17T17:20:42.406+08:00

The Employees’ Provident Fund (EPF) Board declared a 4.5% dividend blaming the lower rate of returns on the global economic crisis. It is the lowest returns of dividend since 2003. In comparison, the EPF dividend primed at 8.5% dividend in 1987, and then slipped to the lowest ebb of 4.25% in 2002. Subsequently, it climbed to 4.5% in 2003, 4.75% for 2004, 5% for 2005, 5.15% for 2006 and 5.8% for

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-88275043764263108402009-03-16T17:42:00.001+08:002009-03-16T17:43:32.824+08:00

Life is a suffering, understand itLife is a sorrow, overcome itLife is a tragedy, face itLife is an obstacle, live itLife is a puzzle, solve itLife is a mystery, unfold itLife is a journey, complete itLife is an adventure, dare itLife is a challenge, meet itLife is a gamble, watch itLife is a game, play itLife is a duty, perform itLife is a dream, realize itLife is a promise, fulfill itLife is a

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-36642414648299831432009-03-11T19:01:00.001+08:002009-03-11T19:02:40.641+08:00

Supertankers that once raced around the world to satisfy an unquenchable thirst for oil are now parked offshore, fully loaded, anchors down, their crews killing time. In US, vast storage farms for oil are almost out of room. As demand for crude has plummeted, the world suddenly finds itself awash in oil that has nowhere to go.It has been less than a year since oil prices hit record highs. But now

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-30223429597185522602009-03-06T08:36:00.001+08:002009-03-06T10:16:40.271+08:00

American International Group Inc. managed to lose $62 billion in just 92 days. That's nearly $470,000 a minute. And it's more money than Bill Gates' net worth.The insurance giant's quarterly loss reported Monday was the biggest in corporate history, topping the previous record of about $45 billion set by Time Warner Inc. during the fourth quarter of 2002.That news came as the government said it

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-53374129002165784442009-03-03T17:37:00.000+08:002009-03-03T17:38:22.998+08:00

Some people think of networking as a way to get connected solely for their own advancement in life. In that respect a person might feel that it is unethical to network. This line of thinking stems from the idea that advancement will always come at the expense of someone else. Success in life is a zero sum game. In reality it does not work that way. Networking does not have to be at anybody’s

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-79482940001306274832009-02-26T23:04:00.001+08:002009-02-26T23:10:42.810+08:00

"If you want something in your life, you have to keep at it. There will be obstacles and challenges along the way. Every time you fail or do something that does not meet your standards, try again. If you fall down 20 times, go for 21. You may not be able to do exactly what you want in life but there are different ways to approach your dream.If you are in the middle of a crisis, do not panic. Take

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-1084481010463778582009-02-23T12:30:00.001+08:002009-02-23T12:32:40.651+08:00

According to The Association of Banks in a letter to the editor published last Saturday, credit cards in circulation have grown 278% in eight years from 2.8 million in 2000 to 10.6 million in 2008. This showed that credit cards are accepted as a convenient electronic payment tool. As the economic condition remains unclear, stronger financial discipline has to be instilled to avoid a critical

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-80028767278700050592009-02-20T17:35:00.001+08:002009-02-20T17:39:18.927+08:00

Today with so many distractions and many mode of entertainment including laughing our heads off listening to the politicians’ verbal diarrhea, the number of people who read regularly is dwindling. How do we make sure it is not a dying art?1) Make it a point to ask others what they are reading. When a few friends were talking about The Secret, I had to read it. Busybody ma! want to know secrets! 2

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-77656258249092646572009-02-18T13:07:00.002+08:002009-02-18T13:13:30.189+08:00

Leaders have an obligation to set compelling example by incorporating a set of values, attitudes and practices not only at work but in their personal lives as well. The majority of the current leaders in our political and sports arenas are unfit to led us. Change is imminent. It is time for us, the silent majority to spearhead the change.There are many very capable leaders out there who could do

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-29830449434175215292009-02-17T13:36:00.000+08:002009-02-17T13:38:30.050+08:00

Imagine there is a bank that credits your account with RM86,400 every day, It carries over no balance at day end. It will delete the balance that you have failed to utilize. What should you do? Of course, draw every single sen!Each of us has such a bank. It is called TIME. Every morning, it credits you with 86,400 seconds. At day end, it writes off the balance that you have failed to invest to

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-1576581147362755442009-02-16T13:42:00.001+08:002009-02-16T13:44:21.876+08:00

This story is about four non blondes namely Everybody, Somebody, Anybody and Nobody. There was an important job to be done and Everybody was asked to do it. Everybody was sure that Somebody would do it. Anybody could have done it but Nobody did it. Somebody got angry because it was Everybody’s job. But Everybody thought that Anybody would do it and Nobody realized that Everybody would not do it.

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-29116544338106550752009-02-11T18:42:00.000+08:002009-02-11T18:43:21.724+08:00

Case 1: Choong Mun Fook, 58, a retiree, intends to invest in unit trusts and investment-linked insurance using his savings. These investments now offer attractive opportunities as considerable value has emerged from the downward spiral in asset values.He also plans to pick up some blue chips in the stock market which have been battered in terms of valuation. Although it is considered risky for

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-22235701308110996422009-02-10T18:55:00.001+08:002009-02-10T18:57:34.456+08:00

1) No EmpathyMost salesmen get caught up in own needs – meet the quota make the commission - that they do not feel the customers’ pain. E.g. currently, most customers might find it hard to justify purchasing luxurious items. However if they could manage where it hurts and bring the feel good factor to the customers, everything goes!2) The Goal – Make MoneyMoney should not be the goal. Strive to

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-72436203997312347962009-02-05T17:24:00.001+08:002009-02-05T17:26:05.969+08:00

Even the most careful spenders can find themselves with too much debt on occasion. The biggest culprit is impulse buying. So start developing good habits. Here are some ways to regain control : a) Make a list Make a list before you go shopping. Try to stick to it. Ads, store displays and coupons will entice you to buy things that are not on your list. Use your list to help you resist. b) Shop

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-58493105898629798922009-02-04T13:17:00.001+08:002009-02-04T13:20:00.484+08:00

Stock market guru, Warren Buffett, made headlines when he bought substantial stakes in technology and services giant General Electric Co (GE) and financial heavyweight Goldman Sachs Group.Just when everyone else was pulling out their investments from Wall Street, Buffett stepped in to inject some US$8bil in these two companies via his investment company Berkshire Hathaway Inc. “Most people get

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-6626161189093438102009-02-03T18:48:00.001+08:002009-02-03T18:54:09.574+08:00

Amanah Saham Nasional Bhd (ASNB) fixed-priced unit trust funds launched in the past few years have proven to be big winners due to their commendable returns. These equity-based funds, namely Amanah Saham Wawasan 2020 (ASW 2020) and Amanah Saham Malaysia (ASM), have achieved compounded annual growth rates of 10.78% and 6.3% respectively since the time of its launch. ASW 2020 and ASM have been

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-59814808796636778702009-02-02T13:01:00.002+08:002009-02-02T14:41:25.877+08:00

According to the Reshaping Economic Geography Report in East Asia, an East Asian and Pacific region companion volume to the World Development Report 2009, real wages (wages that have been adjusted for inflation) in Malaysia have dropped dramatically over the last 10 years since the Asian financial crisis.Real wages growth for export-oriented industries had reduced significantly to 1.9%

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-46993766016700590632009-01-25T14:52:00.000+08:002009-01-25T14:55:42.798+08:00

Zimbabwe will introduce a 100 trillion dollar note as the once prosperous country battles to keep pace with hyperinflation that has caused many to abandon the country's currency. The new 100 trillion dollar bill would be worth about $300 in U.S. currency. A loaf of bread in Zimbabwe now costs about 300 billion Zimbabwean dollars! Like most commodities, the price increases every day.The country is

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-80903399806047823812009-01-23T08:49:00.003+08:002009-01-23T12:30:39.498+08:00

“Knowing me, knowing you KakaThere is nothing we can doKnowing me, knowing you KakaWe just have to face it, this time were through” – AbbaManchester City Football Club, failed in its astounding 100 million pound ($147 million) bid to buy Brazilian Kaka from AC Milan. On top of the signing fee, he could easily have earned well over 1 million pounds a month. Wow! This move could have damaged the

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-29225116333882197602009-01-22T08:49:00.001+08:002009-01-22T09:48:17.135+08:00

The recycling industry has not been spared from the global economic downturn. There is a shortage of buyers from all over the world. The slump has caused the prices to drop 80% to 90%. Plastic scraps, sold at RM1.30 per kg before the slump, are now a paltry 30 sen, while the price of waste paper has halved.The slump in the scrap business may cause some collectors and traders to go out of

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-64040492637507471362009-01-21T08:57:00.003+08:002009-01-21T10:34:46.410+08:00

Transparency International-Malaysia has launched a project called “Money In Politics, People’s Concern” to encourage transparency and accountability in the financing of political parties, especially during elections. The project would research existing legislation and evaluate actual local and foreign financing of political parties.We are aware that during elections, all political parties seemed

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-66085129274540421412009-01-20T13:17:00.000+08:002009-01-20T13:20:33.902+08:00

The Human Resources Ministry is looking into setting up a pension scheme for private sector employees so that their Employees Provident Fund (EPF) savings can last a lifetime. Through the scheme, the employees would receive a monthly pension instead of withdrawing all their savings upon retirement.(Findings showed that many EPF contributors used up all their savings within two years and were left

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-67957320947110301352009-01-19T14:12:00.002+08:002009-01-19T14:15:54.438+08:00

Many of us use music as an outlet for our deepest feelings. There is always a song for any mood! Happily in love, badly hurt in break-up, grieving, releasing tension etc. However how many songs were dedicated just based on the title or a sample of the song? Be warned, better start learning the whole songs instead of being ended up red faced as the songs could be misinterpreted. Here are some

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-79593404309086153382009-01-16T17:27:00.001+08:002009-01-16T17:31:49.835+08:00

Be happy right here, right now. Be thankful with what we have instead of moaning about what we lack. Be satisfied with what we have when we are in pursuit of what we want. Be thankful every day for simple but important things such as healthy body, a job, family and friends. Even grateful for the fact that we have time to moan and complain because that means we are not starving or too sick to do

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-75700914526341911392009-01-14T18:28:00.001+08:002009-01-14T18:29:55.005+08:00

Money is option. With money, you have many options. Without money, you have very few options. Without money, you are in the hope business. Hope the kids don’t get sick. Hope your friends don’t invite you to their wedding dinners! This negative hope is a miserable way to live!Start the habit of savings and investing, especially in current gloomy environment. Avoid indiscriminate use of credit card

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-61536917081265536662009-01-13T14:54:00.001+08:002009-01-14T18:33:57.117+08:00

The ultimate measure of a man is not where he stands in moments of comfort but where he stands at times of challenge and controversy – Martin Luther KingThis is it - the perfect storm! Chain of global events for the past year – bankers’ greed sparked sub-prime and financial crisis, commodity speculators’ twist and turn, high profile fraudsters (Madoff and Satyam), Middle East war criminals plus

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-36388680592511667932009-01-06T12:16:00.003+08:002009-01-06T12:42:04.049+08:00

Happy New Year! Hello 2009. Set your goals and work toward realizing them. Do not procrastinate, start now! As we know, time does fly and before long, it’s hello 2010!Here is my wish list for the year :1) Home front - Charity begins at home, so gotta continue to allocate the time and effort to build the loving home. Applicable to friends too, can count on me when you need a hand or two. Or wanna

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-14427571160802654582008-12-30T12:37:00.002+08:002008-12-30T12:42:17.842+08:00

10th wedding anniversary. The Aluminum Anniversary! Yum Seng! Honeymoon is over la, but the hard work starts now in raising the kids to be good beings. Yeah, life is no longer just the 2 of us, life revolves round the kids. Hopefully in many moons to come, these 2 kids will bring us the honey! 9 days 6 nights Tour De Italy in November. That was the out of the box equation by the travel agency.

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com4tag:blogger.com,1999:blog-8464043350712950269.post-29465873173597251432008-12-24T13:35:00.006+08:002008-12-24T14:20:43.412+08:00

Some market humours to usher the festive season. Courtesy of Jay Leno & others.1. US has made a new weapon that destroys people but keeps the building standing. It is called the stock market.2. Do you have any idea how cheap stocks are? Wall Street is now being called Wal Mart Street.3. The difference between a pigeon and a London investment banker. The pigeon can still make a deposit on a BMW4.

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-39253493769875683292008-12-23T12:09:00.004+08:002008-12-23T13:38:03.345+08:00

10. MothballsMothballs emit one of the most unpleasant household scents. As they convert from a solid to a gas, you do not want to inhale too much of it. Studies on one active ingredient, paradichlorobenzene, found that it can cause cancer in animals [source: U.S. Environmental Protection Agency]. Other types of mothballs use naphthalene, which after prolonged exposure can destroy red blood

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-85725675465102954752008-12-22T17:58:00.003+08:002008-12-22T18:16:49.862+08:00

Wealth to the foolish can become a trap to him,Wealth to the wise is a way to free himself.We can begin with an inspiration and with a proper aspiration. We shall perspire to work on it diligently. We wish to travel. This becomes an inspiration. Then we begin to plan (aspire) where we want to go. We make an effort (perspire) to make the dream comes true. Similar process if we are seeking

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-88019896231830848292008-12-18T13:36:00.005+08:002008-12-18T15:31:55.384+08:00

There is a lot of money in modern day sports. The stakes are so high that it is becoming common for sportsmen to cheat by way of taking performance enhancing stimulants. However sports don't exist in a bubble as the global credit crunch starts to burst them. Motorsports are still reeling from Honda's pullout from F1 and Subaru's timeout from World Rally. In football scene, there was a comment by

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-41582314498760603392008-12-17T17:40:00.004+08:002008-12-18T16:07:02.677+08:00

There is a new radio station in town. BFM 89.9 The Business Station. Those driving around Klang Valley with their eyes wide open would have seen advertisements at the back of taxis. The infamous all day long jam along Jalan Tun Razak, with no other pretty rear sights in sight except the rear of a taxi, was the 'perfect' setting for my love at first sight with 89.9. Mama Mia! Following are

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-25917842853863470472008-12-16T17:22:00.004+08:002008-12-18T16:18:55.600+08:00

Malaysians are quite receptive to investment products. It was reported that some 2,000 Malaysians have invested over RM50m in foreign land banking schemes. These schemes offer plots of land in foreign countries for investment, notably in England and Canada. However the bad news is the Companies Commission of Malaysia (SSM) is investigating three of these companies! SSM decided to take action

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com3tag:blogger.com,1999:blog-8464043350712950269.post-62705421813016301572008-12-15T17:55:00.004+08:002008-12-18T12:28:03.709+08:00

Deputy Minister in the PM’s Department urged those who are retrenched to seek alternative source of income including exploring multi-level marketing products. He said it was during an economic slowdown that people should try their hands on new ventures to survive. He added that from January until now, about 28,000 have lost jobs, with an average of 2,000 to 3,000 workers laid off a

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-19383026320605427402008-12-12T12:36:00.004+08:002008-12-18T12:31:06.016+08:00

10 banks have reduced their fixed deposit rates following Bank Negara recent cut in the key interest rate. From Nov 25, the minimum rate set for 12 months FD is 3.5% per annum. The minimum rate set for one-month FD remains at 3% per annum.We have seen outcry from the investors especially the pensioners who are not in the position to gamble on riskier investments. Chances are they would have to

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-34230846788188687502008-12-09T17:25:00.003+08:002008-12-18T12:31:52.807+08:00

Last week, the Health Ministry stated that every month, at least five doctors are found to be suffering from mental illnesses. This is a very worrying statistic. I believe with the crazy workload at the public hospital, it is the perfect tonic to go mad. Many top students chose to study medicine although not all had the qualities to be doctors. Besides the long hours with added pressure, doctors

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-8739830222069507282008-12-05T12:42:00.004+08:002008-12-18T12:32:18.991+08:00

The Employees Provident Fund’s (EPF) total investment income for the third quarter fell 60.4% to RM2.06bil from RM5.2bil in the previous quarter as its investments, were affected by the global economic uncertainty.The EPF said due to the current global economic uncertainty, stock markets across the globe had fallen significantly, including the local equity market.In the same period, the KL

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-19552956112205851122008-12-03T17:18:00.009+08:002008-12-18T12:33:07.014+08:00

Exactly 2 months (3 October) after losing her husband, mom lost her mom, i.e. my grandmom at 4.50pm, due to old age. Grandma was 84. She did not fully recover from an infection two weeks ago but up to that moment, she was still an alert lady who could still move around the house on her own. Born and bred in Kuala Lumpur, she led a full life, leaving behind 8 children (plus 4 deceased), 34

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-63184314105372170162008-12-03T13:07:00.004+08:002008-12-18T12:33:30.017+08:00

Amidst the current global credit crunch, with uncertain job security, perhaps you could seriously contemplate to pursue your postgraduate study. It is the survival of the fittest. Employees have to be more efficient, well rounded and competitive. Firstly, talk to your employer. It will be great if you get his support. It will be a bonus if the study is sponsored; it is a vote of confidence in you

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-87852726986973895962008-12-01T12:35:00.002+08:002008-12-18T16:32:29.775+08:00

If you are in Facebook, check out how many of your contacts has the above tag.Networking is a must to bring colour and breathe life into our lives. It connects and builds relationships both in our personal and professional life. It gives us new ideas, prospects which could lead to new businesses, career advancement, life partner and macam-macam lagi!Here are some tips to make networking a fun

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-31429976233453511922008-11-28T17:50:00.005+08:002008-12-18T13:16:34.310+08:00

It is the year end holiday season. Time to spend your money and leave for the dream holiday! Here are 10 travel tips.1. Plan early. Lookout for great deals, keep track of advertisements, visit fairs and compare prices. Lookout for exclusion clauses, terms and conditions.2. Go through the itinerary. How many meals? Mode of transport? Type of accommodation?3. Passport & Visa. Make sure the passport

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-24789534163943639422008-11-27T12:48:00.008+08:002008-12-18T13:17:03.501+08:00

Ciao (pronounced chaow). Spent last week in Italy, courtesy of the entity that pays my salary. Let me share some facts and figures on Italy:Italy is a founding member of EU and G8. It was ranked as the seventh largest economy in 2006, behind US, Japan, Germany, China, UK and France. The economy remains divided into a developed industrial north and a less developed agricultural south. The less

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-69256138066666564352008-11-26T12:38:00.004+08:002008-12-18T12:34:56.772+08:00

Excerpts from an article by Warren Buffett titled "Buy America. I Am" published in the New York Times on 16 October 2008 :"A simple rule dictates my buying. Be fearful when others are greedy and be greedy when others are fearful.I can't predict the short term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower a month or a year from now. What is

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-89027567364292802182008-11-14T17:25:00.005+08:002008-12-18T13:08:39.999+08:00

In looking for people to hire, you look for three qualities : integrity, intelligence and energy. And if they don't have the first, the other two will kill you. - Warren BuffetIntegrity or the lack of it is making this world a lousy place to live in! Then there is also the lack of ethics. Think melamine, collapsed schools etc.According to Concise Oxford Dictionary:1)Integrity - the quality of

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-64033443605389333942008-11-10T17:26:00.003+08:002008-12-18T12:36:03.967+08:00

“If you are neutral in situations of injustice, you have chosen the side of the oppressor. If an elephant has its foot on the tail of a mouse and you say that you are neutral, the mouse will not appreciate your neutrality.” (Desmond Tutu)http://women.timesonline.co.uk/tol/life_and_style/women/ariel_leve/article4832479.eceInteresting article published in The Sunday Times UK, written by renowned

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-75511076685437799562008-11-07T17:17:00.001+08:002008-12-18T12:36:25.597+08:00

More disturbing headline “Most Pempena investments are bad”. The Tourism Minister admitted that only a few of the 24 companies that were invested in by Pempena Sdn Bhd, the controversial subsidiary of the Tourism Ministry, showed profits in the last three years. Pempena had invested RM54mil via equity participation and advances made to its Investee Companies from March 1997 to November 2007.That’

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-30572697870834620402008-11-07T12:27:00.001+08:002008-12-18T12:36:45.070+08:00

EPF is hogging the headlines again. After the Valuecap fund injection (my articles dated 28 & 30 Oct), EPF is doing another round of national service. Reduction of the employees’ contribution from 11% to 8% would be made automatically for the ease of members effective January 2009 until December 2010. Those who wish to maintain their 11% rate must fill up Form KWSP 17A (AHL) and hand it to their

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-48764285417125590692008-11-06T09:57:00.003+08:002008-12-18T12:37:22.331+08:00

Yesterday, I experienced a refreshing encounter at a public service counter. Read on.After dad demise, an uncle urged me to claim the funeral expenses from Selangor state government. Can meh? Apparently the new government is living to its election manifesto in handing out welfare aids. Started logging into the website www.selangor.gov.my. Downloaded this form called Borang Tabung Jasamu. Dad

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-50970646255057392952008-10-31T12:40:00.002+08:002008-12-18T12:38:09.255+08:00

Bank Negara said that the banking system is strong enough to withstand the turmoil of the global financial crisis. It stood ready to pump liquidity into banks if needed. It has a fully developed supervisory and surveillance system and is closely engaging other monetary authorities in the region to monitor and respond with coordinated measures to deal with the current challenging environment.

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-86207930489034020352008-10-30T12:28:00.001+08:002008-12-18T12:38:42.438+08:00

What is the difference between what Valuecap is trying to do, with what the Federal Reserve is doing to save the collapsing banks?The American bailout is simply injecting much-needed fresh capital directly into the banks and not buying shares in the open market. The Fed is getting new shares and existing shareholders are diluted. The share prices continue to be determined by market forces.In

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-40238913726983154812008-10-28T17:15:00.003+08:002008-12-18T12:39:10.062+08:00

Last week the Government announced that it has doubled the amount of money available to Valuecap Sdn Bhd (Value *who?) to buy undervalued stocks to RM10bil. At last a positive move to move the market but wait a minute, where is the money coming from?*Valuecap is a fund management firm established in 2003 to invest in the stock market. It is jointly owned by Khazanah, PNB and Retirement Fund (

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-35878134264421716572008-10-28T13:45:00.002+08:002008-12-18T12:39:33.854+08:00

First the good news to the consumers - oil and commodity prices are falling. Then the bad news to the government - it means a shortfall of billions of Ringgit in revenue. Crude oil price dipped as low as US$67.40 per barrel last Thursday. Palm oil prices have fallen by as much as 65%. In March, it was at RM4,486 per ton. Last Thursday it was US$1,565.Now, the scary part - when the government

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-62905090068161558842008-10-23T13:05:00.004+08:002008-12-18T12:39:59.946+08:00

THE Federal Territories Minister revealed yesterday that Kuala Lumpur mayor spent about RM1.5 million in travelling expenses and allowances on 11 overseas trips in 20 months after he took office last year. Seven trips in 2007 and four in 2008.Quick arithmetic - close to 2 trips per month, spending close to RM140,000 per trip!The expenses were as follows: Tokyo (travelling expense paid by Tokyo

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-65355484713786160282008-10-22T15:39:00.003+08:002008-12-18T12:41:07.643+08:00

An independent survey commissioned by Prudential has found that a significant 48 per of the 1,024 Malaysian participants approaching retirement are fearful they will not have enough money to retire. Four out of five pointed to rising inflation as the main culprit, saying it has seriously affected their lifestyle. Four out of 10 see themselves working beyond the mandatory retirement age.The survey

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-54750124006300418432008-10-20T18:02:00.003+08:002008-12-18T12:41:27.970+08:00

People do not plan to fail; they simply failed to plan – William Seagal1)Procrastination - No concept of timeliness Procrastination is the thief of time – Geoffrey Moss. Don’t assume there is tomorrow or everything is rosy tomorrow!2)No definite goals setting or no strategies to achieve them If you do NOT know where you are going, you simply will NOT get there.3)Financially-ignorant or

CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1