Archive for February, 2010

Reasons why Genting SP is falling

Sunday, February 21st, 2010

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Wedding Ang Pow rate in Malaysia

Wednesday, February 17th, 2010

My best buddy is getting married next month on the 14th of March 2010. I have been to many wedding marriages of my friends and families.

To be honest when i went to my first wedding marriage i was somewhat confused on how much to give. After going to many, i learn from my experience on how much to ‘Pow’ during weddings.

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Latest top 10 richest people in Malaysia

Tuesday, February 16th, 2010

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If i have 3 credit cards, will i be charged for 1 or all 3 cards?

Thursday, February 11th, 2010

The government service tax is applicable and imposed to all card members. Basically, if you have or holding 3 credit cards with any banks, you will be charged for each card held.

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What is the government service tax on credit cards?

Thursday, February 11th, 2010

The government announced that in the 2010 budget speech an annual service tax will be charged upon all credit card users.

A service tax of RM 50 for each principal credit card and RM 25 for each supplementary card.

Conclusion

The most affected people will be the middle class people. The poor does not have credit cards, the rich does not care about the service tax.

Couldn’t be sure why the government is imposing this tax suddenly but my 2 cents tell me that, they are running low in funds!

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Genting Singapore opening Resorts World Casino Feb 14

Thursday, February 11th, 2010

Gaming group Genting Singapore Ltd. (G13.SG) Thursday said its Resorts World Sentosa integrated resort will open its casino Feb. 14.

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EPF giving higher dividend this year

Monday, February 8th, 2010

The Employees’ Provident Fund (EPF) dividend for 2009 is expected to be higher compared to the 4.5% paid out in the previous year.

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Genting SP awarded casino license

Monday, February 8th, 2010

Genting Singapore (Genting SP), the subsidiary of Genting Berhad, Asia’s largest publicly traded casino operator received their casino license from the Singapore government. This will allow Genting SP to tap the holiday crowd.

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GOPENG - Bought 2500 shares at @0.775

Friday, February 5th, 2010

After a long lay off from purchasing any shares, i made a decision to buy in on GOPENG (2135) which is listen on the main board. Gopeng is involved in the industrial products sector.

Once again i picked my stocks according to those simple fundamental understanding about the company.

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MYEG

Thursday, February 4th, 2010

MY E.G. Services Bhd or in short, MYEG (0138) is listed at the main board of Bursa Malaysia under the trading & services sector. MYEG was listed in the Mesdaq Market before being transfered to the main board.

Basically, MYEG is a company that provides services for government transactions to be done online through the Electronic Government (E-Government) Initiatives. MYEG also helps in delivering improvements in the government internal operations and in the delivery of services to customers.

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AIG - How dare you pay out US$100 million in bonuses?

Wednesday, February 3rd, 2010

AIG is on the spotlight again. This time, AIG is paying out US$100 million in bonuses. AIG is already bleeding from their financial products division as AIG has been given a hand by the government. Not much but only US$180 billion bailout.

Although it’s US$20 million short as AIG cut on retention bonuses but paying out US$100 million is still a lot.

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EON says no to HLBANK offer for EONCAP

Wednesday, February 3rd, 2010

EON Capital BHD (EONCAP) has said no to Hong Leong Bank Bhd (HLBANK) RM4.92 billion cash offer to buy the entire assets and liabilities.

EONCAP says, HLBANK offer is too low and undervalues EONCAP. HLBANK is disappointed with the decision.

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Richest man in Singapore Ng Teng Fong passed away

Tuesday, February 2nd, 2010

Singapore’s richest man and property tycoon Ng Teng Fong died early on Tuesday after suffering a cerebral haemorrhage on Jan 23, a spokeswoman for his family business said. He was 82.

According to the Straits Times, the self-made billionaire had a fall about 10 days ago and lapsed into a coma.

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