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Showing posts from December, 2009

AirAsia and Jetstar deals on

I wonder how's the deal gonna work out ... PETALING JAYA: The proposed partnership between AirAsia Bhd and Jetstar is nearing fruition after a year of talks and the deal will be announced in the first week of January. A media conference has been scheduled for Jan 6 in Sydney where both parties and Qantas will announce the details of a strategic agreement and how these parties will work "innovatively together'' so as to drive greater cost efficiencies across AirAsia and Jetstar. One route that may be shared is the KL-Sydney sector which AirAsia has failed thus far to get rights to ply. Jetstar, even though it has stopped plying the route since September 2008, has the rights. Will that rights be shared by AirAsia? The Kangaroo route (from any Australian point to KL and on to Europe) is a possible route that these airlines will capitalise on and with the partnership, AirAsia will be able to offer connectivity all over Australia via Jetstar Australia and it can tak...

The most precious gifts of life from you

I feel so touched when reading this piece of news. Personally, I'm so glad to have registered as an organ donor this year and hope when I'm gone one day, at least I still could contribute something to the needy. Kudos to those who have pledged for organ donation. For those who have not, I sincerely urge you to consider this. This could be the most precious gift of life from you. KUALA LUMPUR: As people were busy counting down to Christmas, the parents of a 17-year-old boy made a generous decision that gave what could be the best present to at least three people. The boy had been declared brain dead by doctors at Selayang Hospital after a road accident on Dec 20. The parents' decision set off a chain of events which eventually saw their son's kidneys transplanted to two young patients — a girl and a boy, both 16 — and his liver given to a three-year-old girl. The operation was carried out at the Selayang Hospital from 9pm to 5am on Christmas Day. Besides the li...

New currency declaration

Do take note on the new currency declaration rule. KUALA LUMPUR: In line with the global effort to combat money-laundering and terrorism financing, Bank Negara Malaysia has issued a new currency declaration requirement at all entry and exit points in the country. Effective Jan 1, travellers entering or leaving Malaysia with cash and/or negotiable bearer instruments (traveller's cheques, bearer cheques) exceeding US$10,000 (RM34,000) must make a declaration in form Customs No. 22 Via The Star

Falling in Love with Sara Bareilles - Gravity

Love at first heard. And that was my memory. Now I'm just too drown with it. Sara Bareilles - Gravity MP3 download Something always brings me back to you It never takes too long No matter what I say or do I'll still feel you here Till the moment I'm gone You hold me without touch You keep me without chains I never wanted anything so much Than to drown in your love And not feel your reign [Chorus] Set me free, leave me be I don't want to fall Another moment into your gravity Here I am And I stand so tall Just the way I'm supposed to be But you're on to me And all over me You loved me 'cause I'm fragile When I thought that I was strong But you touch me for a little while And all my fragile strength is gone. [Chorus] I live here on my knees As I try to make you see That you're everything I think I need Here on the ground But you're neither friend nor foe though I can't seem to let you go The one thing th...

Another gruesome murder of young girl

I'm so sorry to hear this gruesome murder of young girl. Hope the murderer could be arrested soon and be severely punished for his act. KUALA LUMPUR: Fresh fears about a ruthless sexual predator have been ignited following the gruesome murder of a girl who is believed to have been raped, sodomised and then dumped into a retention pond. Sources said a post-mortem on the body yesterday showed that she could have been sexually assaulted prior to being strangled. There were injuries on her private parts. Questions are being raised if the monster who brutally raped and murdered nine-year-old Nurin Jazlin Jazimin in 2007, is back after lying low for two years. The Nurin case remains unsolved. Another girl, Sharlinie Mohd Nashar, five, has been missing from her Taman Medan home since Jan 9, 2008. Police are not confirming anything, apart from saying that a full-scale investigation has been launched into the latest murder, and that police stations throughout the country had been ...

Michael Schumacher back to F1

Michael Schumacher is making a come back to F1. Am sure his returns will make F1 more interesting. The major question would he be as successful as when he lifted the championship titles for few years before his retirement in 2006? How is the newer generation newer drivers like the recently crown F1 champion - Jenson Button, the famous Lewis Hamilton etc seeing him being the new rival? How is the new team - Malaysia's Lotus F1 gonna fare? The greatest driver in the history of Formula One is coming back to racing. Seven-time champion Michael Schumacher announced on Wednesday that he would drive for Mercedes which took over the Brawn GP team that won the team and individual driver titles in 2009. Schumacher will receive a reported $10 million to race in 2010 with the idea of making a three-year commitment. "It's not a one-off thing," he said in a conference call. The deal reunites Schumacher with Ross Brawn who was the technical director for Schumacher during his sev...

Govt target more people to ride on public transport

I hope the implementation is set right to achieve the goal. Let's watch out for it. 600,000 Target For Public Transport Ridership In Klang Valley By End 2012 KUALA LUMPUR, Dec 17 (Bernama) -- The government is targeting a ridership of 600,000 people for public transport services in the Klang Valley by the end of 2012 under the National Key Result Areas (NKRA) initiatives, says Transport Minister Datuk Seri Ong Tee Keat. Currently, there is a ridership of about 240,000 for public transport in the Klang Valley, estimated to represent some 10 to 12 per cent of the total population in the country's busiest area. The NKRA initiatives were launched in July this year by Prime Minister Datuk Seri Najib Tun Razak as part of the Government Transformation Programme (GTP) leading towards achieving Vision 2020 and improving government delivery to the people. "Under the NKRA for public transport, we are targeting to increase it to 25 per cent of the total population in the area...

Visa required for entering UK from 2011

Thanks to those overstayers, now that we have to pay RM 1200 for UK visa! PETALING JAYA: The possibility that Malaysians would need visas to enter Britain from 2011 has angered the public. The visa processing fee is expected to cost RM1,200. And the money will not be returned even if the visa is not granted. Via The Star

Dividend 7.3 cents and bonus 1.25 cents for ASB

Not bad. Am expecting similar returns for ASW and ASM. ASNB Declares Dividend Of 7.30 Sen Per Unit For ASB KUALA LUMPUR, Dec 14 (Bernama) -- Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has announced an income distribution of 7.30 sen per unit and a bonus of 1.25 sen per unit for Skim Amanah Saham Bumiputera (ASB), for the financial year ending Dec 31, 2009. Last year, the government-owned fund manager declared an income distribution of 7.0 sen per unit and a bonus of 1.75 sen per unit. Via Bernama

EU grants RM1.5mil to 6 NGOs

KUALA LUMPUR: The European Union (EU) has given grants amounting to 300,000 euros (RM1.5mil) to six non-governmental organisations (NGOs) to fund their activities. They are the Centre for Independent Journalism; Konrad Adenauer Foundation, in partnership with Pusat Komas; Friedrich Naumann Foundation, in partnership with ERA Consumers; The Equal Rights Trust, in partnership with Tenaganita; Humana Child Aid Society Sabah and Persatuan Kesedaran Komuniti Selangor. The grants, funded by the EU's European Instrument for Democracy and Human Rights, were given at a seminar on women's rights on Friday. Via The Star

JPN Puchong

National Registration Department District of Puchong No. 67 & 69, Jalan PU7/4, Taman Puchong Utama, 47100 Puchong, Selangor (MyKad Application Only) Tel: 03-80683629 Fax: 03-80606576 Operating hours for JPN HQ and branche s Kuala Lumpur, Johor, Melaka, Selangor, Negeri Sembilan, P.Pinang, Perak, Perlis dan Johor (Ibu Pejabat JPN Putrajaya dan JPN Ibu Negeri Sahaja beroperasi 7.30 pagi – 5.30 petang)     Isnin - Khamis 8.00 pagi - 5.00 petang Rehat - 1.00 petang – 2.00 petang Jumaat 8.00 pagi - 5.00 petang Rehat - 12.15 tengah hari - 2.45 petang Ibu Pejabat JPN Putrajaya dan JPN Ibu Negeri Sahaja Sabtu - Ahad 9.00 pagi – 2.00 petang

MOL bought Friendster and Paypal to support Malaysian Ringgit

Vincent Tan's MOL buys Friendster social network site PayPal expands services in Malaysia, finally PayPal, a subsidiary of eBay Inc, has expanded its services in Malaysia with the introduction of support for payments in Malaysian ringgit and a new bank withdrawal feature that enables members to transfer money from their PayPal account directly to a Malaysian bank account.

Next IPO to watch out - JCY

JCY to offer 25.9pc shares in listing 2009/12/09 JCY International Bhd, planning what may be Malaysia's second-largest initial public offering in six years, may offer 25.9 percent of its stock in its IPO. JCY's stockholders plan to offer as many as 530.2 million shares, the maker of hard-disk drive components said in a prospectus filed to Malaysia's Securities Commission today, without specifying any price or timing. Of the total, 89 percent of the shares will be offered to institutional investors and the remainder to individuals, it said. The sale may raise as much as RM1 billion (US$295 million), the Edge newspaper reported on Dec 5, citing unidentified people. That would make it the second-largest IPO in six years in Malaysia, where the benchmark index has risen 44 per cent this year, after Maxis Bhd.'s record RM11.2 billion offering last month. JCY International Chairman Rozali Mohamed Ali yesterday declined to confirm the reported IPO size. "It will be...

Maxis: Projected dividend yield

6 cent per share for now. Does that mean 1.26% dividend yield?   Maxis: A Dividend Surprise KUALA LUMPUR, Dec 1 (Bernama) -- Maxis Bhd's maiden post listing interim dividend of six sen per share for the financial year ending Dec 31, 2009 was a pleasant surprise as the market expected that to happen only in the financial year of 2010, said OSK Investment Research. The country's biggest mobile operator declared an interim single-tier tax exempt dividend of six sen per ordinary share for the year, payable on January 15 next year. The company posted a higher net profit of 28 per cent year-on-year for the first nine months of 2009 and 1.0 percent year-on-year hike for the third quarter. "Year-to-date, its earnings made up 70 per cent of our full-year forecast and 72 per cent of consensus," the research house said in its note here Tuesday. Maxis's revenue also expanded by two per cent quarter-on-quarter, reversing the two consecutive quarters of contraction, ...

Maxis’ Scholarship For Excellence (Postgraduate)

Ideal applicants for Maxis' Scholarship For Excellence must have already gained admittance to a top US or UK university and meet the following stringent criteria:- Aged 30 years or below Achieved a minimum of a 2nd Class Upper Honours (or equivalent) degree from a good university. Have a minimum of three years working experience Have a strong appreciation and appetite for current affairs (for example, a general knowledge of Malaysia's constitutional and legal framework, economic levers, government initiatives and nation building philosophies). Demonstrate a continuing involvement in extra-curricular activities (team or individual sports; voluntary service; affiliation with a recognized association or society) as well as special achievements in academics, social work or similar contributions. Possess the traits o...

Maxis Q3 profit 28%, paying 6 cents dividend

Yes! Going to draw my first dividend of 6 cents per share. Maxis profit jumps on mobile ops PETALING JAYA: Maxis Bhd's net profit for its third quarter ended Sept 30 jumped 28.1% to RM615mil against the previous corresponding period supported by growth in its total mobile subscription. Revenue inched 1.74% up to RM2.16bil from a year ago. Chief executive officer Sandip Das said the higher revenue was primarily due to the 3% increase in mobile subscription, bringing the total to 11.7 million. "The third quarter saw healthy net additions of 312,000 driven by pre-paid and wireless broadband subscriptions," he said in a filing with Bursa Malaysia yesterday. Post- and pre-paid average revenue per user remained stable at RM103 and RM41 respectively for the period under review. Non-voice revenue rose 8% quarter-on-quarter to RM663mil due to an increase in SMS and advanced data services revenue. Sandip said Maxis was encouraged by the growth of the non-voice revenue which accoun...

12 subjects for SPM

Now the number of subjects changed from 10 back to 12 within few months spans. The cabinet has decided to allow students sitting for the SPM examination to take 12, instead of 10 subjects to let some students to take vernacular language papers. Via MalaysiaKini

Govt may impose GST at 4%

Govt is making more money again .... ! I foresee the impact of GST would make the poor people become poorer. KUALA LUMPUR: The government plans to impose goods and services tax (GST) at 4%, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah. "We are replacing the current sales and services tax, which is currently at 5% to 10%," he told reporters at the Culture, Ideas and Values Workshop organised by Foundation For the Future at Country Heights Resorts in Kajang. He said the GST implementation was important for the country's future. "The revenue source must be sustainable. If we can get sustainable revenues, we can get a good budget," he said. He said the Consumer Price Index (CPI) would not increase as a result of the GST implementation. Some selected items especially essential goods like rice, sugar, cooking oil and flour as well as domestic transportation would not be subject to GST. Husni said the Bill on GST would be tabled in Parliament for th...

New book on Mahathir

Wah ... so hot! I definitely wanna read ... Malaysian Maverick: Mahathir Mohamad in Turbulent Times by Barry Wain Malaysia has squandered an estimated RM100 billion on financial scandals under the 22-year rule of Dr Mahathir Mohamad, according to a new book about the former prime minister.

TA: Hold from buying Maxis

A contrasting view from TA. TA cuts call on Malaysia's Maxis to hold 12.01.09, 08:33 PM EST Dec 2 (Reuters) - Maxis Bhd: * Cuts call on Maxis to hold from buy as share price has appreciated 7% since listing. * Because of that, total upside to target price, inclusive of the dividend yield is less than 15%. * Pegging a PER of 17x against its estimated FY10 numbers Maxis should be valued at RM5.80. * Taking the 75% dividend payout policy as announced, we estimate FY10 dividend to be around 25.6 sen per share. * Our valuation implies a dividend yield of 4.4%. On EV/EBITDA basis, our valuation implies a multiple of 9.12x on FY10 EBITDA. Source: Forbes

Malaysia's Wireless mobile broadband packages

OK, here's the summary of the research I've done. I think the best suited me is Maxis's 1.5 GB package, priced at RM 58 where the speed can up to HSDPA 7.2 Mbps. Wireless Broadband (portable USB) Maxis 1.5 GB RM 58 HSDPA 3 GB RM 78 HSDPA Celcom 5 GB RM 68 384 kbps + RM 230 modem 5 GB RM 98 3.6 Mbps + RM 230 modem Digi 3 GB RM 58 700 kbps/ 200 kbps No coverage at my place! P1 No coverage at my place! Mobile Internet (on mobile phone) Maxis 500 MB RM 58 HSDPA 1.5 GB RM 78 HSDPA 3 GB RM 88 HSDPA Subsequent usages for Monthly pass will be charged 0.5sen/KB Digi No coverage at my place! Celcom No standalone package!

300,000 Malaysians Migrated To Other Countries From March 2008 Till Aug 2009

KUALA LUMPUR, Nov 30 (Bernama) -- The Dewan Rakyat was told Monday that 304,358 Malaysians migrated to other counrtries from March 2008 till August this year. Deputy Foreign Minister Senator A. Kohilan Pillay said the figure for 2007 was 139,696 citizens. "Among the factors for their migration were because of education, brighter career or business prospects as well following their spouses for Malaysians who married foreigners," he said when replying to a question for Chua Tee Yong (BN-Labis) on the matter. Via Bernama

World’s top 4 killer diseases

All these 4 are caused by our lifestyles and can be prevented. Let's change the way we live for the betterment of our health before it's too late. KUALA LUMPUR: Heart diseases, chronic respiratory conditions, cancer and diabetes have been named the world's top four killer diseases – more fatal than infectious illnesses like AIDS and influenza A (H1N1). United Nations University-Inter­national Institute for Global Health director Tan Sri Dr Mohamed Salleh Mohamed Yasin said such a revelation was frightening because these diseases were "highly preventable" and were due to lifestyle choices . "Such non-infectious diseases or chronic non-communicable diseases (CNCDs), also contribute to 60% of all deaths worldwide . "It is twice the number of the combined deaths caused by HIV/AIDS, tuberculosis, malaria, maternal and perinatal conditions and nutritional deficiencies," he told reporters at Hospital Universiti Keb­angsaan Malaysia. Via The Star