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| Nerdy Eddy |
| When you are constantly in the realm of cutting edge technology, blog your message out might reminds you in the future how foolish those technologies can be. (Also, One of the many silly KLSE blog, :P) |
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Statistics |
| Unique Visitors: 150 |
| Total Unique Visitors: 47907 |
| Visitors Out: 131 |
| Total Visitors Out: 131 |
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| Internal auditors urged to be more professional |
| 2008-05-06 09:05:00 |
KUCHING: Internal auditors need to be more professional than ever and continually upgrade their skills and qualifications, Chief Minister Tan Sri Abdul Taib Mahmud said.More Professional? What is that supposed to mean?He said they needed to keep pace with changes in the corporate world as companies get bigger and expectations are higher."Internal auditors must be very professional. It is not enough to be good; you must be excellent.Ok, now he's complaining about the internal auditor is too weak to work together with the accounting guys to produce unbreakable "perfect" account, which may be fradulent in fact :p"Business is getting more complicated and sometimes there's a conflict within a firm, between the power of ...
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| So Low and Fat.... Foolish Lowyat |
| 2008-05-06 08:39:00 |
Imagine Google no longer stick to it's minimalist theme. Imagine your BMW 7 series with 2 spare wheels on the car. Don't get me wrong, I used to addict to browse http://www.lowyat.net at least 5 times a day, making it like one of the ritual that I practiced. But Now, I can only use one word to describe LowYat page design: "It's stinks", ok fine, that is not ONE word, but you get what I meant here.Previously their idea of putting an advertisement footer (Those static, unmoveable type) already got me so frustrated because I need to wait for the entire page to load completely to actually be able to see the page scroll bar. That's sucks.When you think that the thing is bad, it becomes even worse.Tons of advertisements, and the HP everywhere (I doomed it as "Design with Stupidity in Mind"), and...
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| Back to work, harder this time |
| 2008-05-05 04:46:00 |
Subject : MEMS-SUBMISSION OF FINANCIAL STATEMENTS AND UPLIFTMENT OF SUSPENSION Contents : : The above Company has on 2 May 2008 submitted its outstanding Annual Report for financial year ended 31 July 2007 to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release pursuant to Rule 9.24(a) of the Listing Requirements of Bursa Securities for the Mesdaq Market.In view of the above, kindly be advised that the suspension of trading in the above Company's securities will be uplifted with effect from 9.00 am, Tuesday, 6 May 2008....
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| Assumptions about Investor Behavior underlying Markowitz model |
| 2008-05-04 22:50:00 |
Returns distribution. Every investment opportunity has a probability distribution that describes the expected return over the investment horizon.Risk and Return describes completely investment decisions.Risk represented by variabilityUtility maximization. Investment indifference curves are convex, i.e. their marginal utility of wealth is diminishing over time.Risk aversion. Lower risk is preferable than higher one holding expected return constant....
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| Blabbering about StemLife again. |
| 2008-05-04 02:39:00 |
I called StemLife few days ago and queried about their StemLife Adult packages. Wow, I'm being feedback by a rough estimation of RM18,000.00 which I not really sure the package contents without a further discussion with them regarding the pricing. Gathering the cord blood stem cells from baby is easier and less hassle according to the personnel because for adult, the process is too painful and costly.Market wise, in Malaysia we got StemLife, CryoCord and CellSafeInternational (These are the one I know :p) that provide similar services. I don't think this is neither an oligopoly market nor monopoly situation. Looking at StemLife's annual balance sheet 2007, the amount for Property, Plant and Equipment is a mere RM 5MIL, which I equate as low barrier of entry to this market segment. One note...
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| 12 report accounts deviations in a day |
| 2008-05-02 01:30:00 |
02-05-2008: 12 report accounts deviations in a day by Sharmila Ganapathy KUALA LUMPUR: As many as 12 companies, the majority of which are listed on the Second Board, reported deviations between their unaudited and audited accounts for the financial year ended Dec 31, 2007 on Wednesday. Topping the list by variance size was Main Board-listed Englotechs Holding Bhd, which reported a 720% deviation between its unaudited and audited FY07 profit after tax figures. Englotechs reported unaudited net profits amounting to RM3.14 million versus the audited RM19.5 million audited net losses reported for the year. In a filing to Bursa Malaysia, it said the variances were due to a RM14 million provision of doubtful debts and net unre...
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| Trading in MEMS to resume next week |
| 2008-05-01 00:45:00 |
Trading in MEMS to resume next weekBy DAVID TANPENANG: MEMS Technology Bhd shares are expected to be traded next week, while its 2007 annual report will be sent to shareholders tomorrow.Group chief executive officer K. Sooriakumar said its AGM would be convened in Kuala Lumpur at end-May.“Our audited accounts for the financial year ended July 31, 2007 were submitted to Bursa Malaysia last week.“The matters under dispute and questioned by the statutory auditors were, however, cleared by the special auditors and explained in detail in the notes to the accounts,” he told StarBiz.Sooriakumar said the board of directors decided to bring the process to an end as it threatened to drag on indefinitely.“The special auditors were asked to verify certain key...
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| 30-04-2008: Civil service retirement age to be raised to 58 |
| 2008-04-30 01:52:00 |
30-04-2008: Civil service retirement age to be raised to 58 by Surin Murugiah PETALING JAYA: The government is set to raise the retirement age for civil servants to 58 years from the present 56 in response to a proposal by the Congress of Unions of Employees in the Public and Civil Services (Cuepacs), sources familiar with the matter said. The decision to raise the retirement age had already been finalised by the government and an announcement would be made very soon, a source told The Edge Financial Daily. Cuepacs president Omar Osman, however, said the union was unaware of any such decision and had not heard anything from the government since its last meeting earlier this month. “Of course, we would welcome such a...
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| Govt should rethink KL-S’pore fast train? |
| 2008-04-30 01:31:00 |
I'm still hold my standing. No way government is going to approve the project in near 3 years time. No way, and why?Firstly, China's budget deficit is significantly lower than Malaysia in percentage wise. In terms of tax revenues/GDP, China is definitely a few order magnitude stronger than Malaysia. Therefore the capital/resources available at China government disposal obviously afford for more large projects.Secondly, if everyone wish is granted without prioritization, government is going to go broke or the expenditures will be repaid by our future generations, a.k.a. generational effects.Thirdly, energy efficiency is a big concern, yes, but not to the extent that inflation brings. Current oil rushes, imho, are just temporary and once the fever over, we shall see a back-fire effect of spe...
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| Capital Budgeting |
| 2008-04-29 11:33:00 |
Someone in a corporation who is mandated to make financial decisions need to engage in capital budgeting process. Obviously, capital budgeting process requires you as the financial controller or corporate planner to determine which capital projects to be undertaken. So what is capital budget? In layman term, these are projects which will affect the company financially in the long run, or more specifically they will impact your company future earnings and the forecasted cash flows usually spread over one year.From a shareowner point of view, capital projects are aim to increase our wealth. Capital projects that cost money and doesn't bring value to shareowners are merely inreasing the company size. Imagine a person that eat alot (capital) and growing fat (...
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| Nerdy Comments on MEMSTech |
| 2008-04-28 07:34:00 |
Although the audited annual report for the fiscal year of 2007 still subject for approval from the SC, the remaining 2 quarter reports already released to the public.As far as the numbers of the company tells, the fundamental of the counter hitted pretty badly after accounting overcast being chased away. One obvious fact is the current cash flows of the company present a significant liquidity and credit risk. All out of the sudden, the borrowings, overdraft and etc debts ballooned to some risky level at my standard. Without ensuring guaranteed collection of trade/other receivables (RM50MIL!!!), the company is basically suffocating itself. Not to mention expected allocation of money to perform the legal defense against the charges pressed by Knowles/ITC.RM appreciation against USD causing o...
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| Commentary on MEMSTECH Prospects |
| 2008-04-28 07:09:00 |
Commentary on Prospects (Excerpts from the Quarter report)a) A competitor has filed a complaint with the International Trade Commission (ITC) in December 2007 in the US to investigate if the Company has infringed their patents. The Company has responded to this complaint vigorously and has engaged lawyers and consultants to defend the Company’s position.b) The silicon microphone market is relatively new with wide market acceptance starting only in 2005/06 and with only one major player dominating the market. Research reports have alluded to 3-4 players now. As with every new technology market segments, the few early players will jostle to maintain their market share using tactics not only to compete freely in the market place but including tactics that involve the courts. The Company d...
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| MEMS Announcement pursuant to Guidance Note No. 3/2006 |
| 2008-04-28 07:06:00 |
Type : Announcement Subject : MEMS TECHNOLOGY BERHAD ("MEMS" OR "THE COMPANY")- Announcement pursuant to Guidance Note No. 3/2006 of the Listing Requirements of Bursa Malaysia Securities Berhad (1st announcement) Contents : 1. INTRODUCTION The Board wishes to announce that the Company is an Affected Listed Company pursuant to the Guidance Note No. 3/2006 of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) for the MESDAQ Market (“MMLR”) (“First Announcement”) based on the disclaimer opinion expressed by the auditors on the consolidated results of the Company for the financial year ended 31 July 2007. The full details of the audit qualification had been announced on 24 April 2008.The Board wishes to inform...
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| VARIANCE BETWEEN THE AUDITED RESULTS AND UNAUDITED RESULTS |
| 2008-04-28 07:03:00 |
Company Name : MEMS TECHNOLOGY BERHAD (MESDAQ Market) Stock Name : MEMS Date Announced : 28/04/2008 Type : Announcement Subject : MEMS TECHNOLOGY BERHAD ("MEMS" OR "THE COMPANY")- VARIANCE BETWEEN THE AUDITED RESULTS AND UNAUDITED RESULTS Contents : Deviation between the Profit After Tax stated in the Unaudited 4th Quarter Results ended 31 July 2007 announced on 27 September 2007 and the Audited Financial Statements for the financial year ended 31 July 2007. Announcement Details :1. INTRODUCTIONThe Board of Directors of MEMS ("Board") wishes to announce that the Company had on 25 April 2008 submitted its Audited Financial Statements for the financial year ended 31 July 2007 ("AAA 2007") to Bursa Malaysia Securities Berhad ("Bursa Securities").2. VARI...
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| House: Maintenance Report for Q108 |
| 2008-04-27 02:25:00 |
Summary of structural design flaws fixed:The design flaw was apparent especially in this quarter because of excessive rain volumes in the region. The top of 1st floor's living area is directly connected to the roof with transparent roofing and open air design. The open air decision causes the rain drops to drip in when the wind is strong. A consequence from the flaw is I was unable to place any furnitures or appliances at that area. The solution I adopted was to hire a vendor specialized in construction and engineering to seal the roofing with metal plates and silicon adhesive glues. So far, no sign of water found in the area.Some cracks are visible on the wall/paint due to natural movement of the building. They are either repainted or covered by decorative items.Rough expenses: RM400.00Su...
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| Apple's Big Success--It's All About Sociology, Not Technology. Does Google Get That? |
| 2008-04-26 11:14:00 |
Apple's Big Success--It's All About Sociology, Not Technology. Does Google Get That?Posted by: Bruce Nussbaum on April 24Apple had a blowout first quarter in the face of a declining economy, proving, once again, that innovation drives revenue and profit growth. But what exactly does that mean in the case of Apple? A.G. Lafley, P&G’s CEO, told me over lunch recently that “innovation is a social system—it involves culture, organization and leadership.”Apple has that now. In its early years, Apple succeeded because of brilliant user-centric design and user-friendly technology. Xerox Parc was the origin of practically all of Apple's early high-tech...
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| Monetary Base, Monetary Multiplier and Money Supply |
| 2008-04-26 10:37:00 |
The following is derived from my understanding of the matters, any damages caused by the uses of it is none of my business, :pAccording to M1 and M2 measures of money supply in the State,M1 = Amount in Currency, Travellers' checks and Checking account deposits (non governmental)M2 = Amount inclusive of M1, Time deposit, Savings Deposits and Money Money mutual funds.Many of the banking system in the world, including the one used in U.S is basically a fractional reserve banking system. It means the central bank will decides as part of the monetary policy the reserve ratio of the bank deposits to be retained with the central bank for the purposes of liquidation/withdrawal by depositors.This reserve ratio is one of the crucial ...
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| Nobel Winner Stiglitz: US Facing Long Recession |
| 2008-04-25 12:30:00 |
CNBCNobel Winner Stiglitz: US Facing Long RecessionFriday April 25, 12:16 pm ET The U.S. economy is already in recession -- and may echo the 1930s, Nobel Laureate Joseph Stiglitz said Friday."The big question is: how will the government respond?" said Stiglitz, in an interview with CNBC. Stiglitz, a Columbia University professor and 2001 winner of the Nobel prize, detailed his bleak outlook for the American economy. "This is going to be one of the worst economic downturns since the Great Depression," said Stiglitz. He explained that main cause of the current situation is historically unique -- and thus is befuddling those charged with creating solutions. Other downturns were primarily caused by excesses in inventories or inflation; but this slowdown is due to the condition of "badly impai...
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| Tan Sri Yeoh Tiong Lay among recipients of exemplary Hokkiens award |
| 2008-04-25 12:21:00 |
I'm a Hokkien too. Cheers :)Tan Sri Yeoh Tiong Lay among recipients of exemplary Hokkiens award Tan Sri Yeoh Tiong Lay The Star Online, April 25, 2008FORMER Penang chief minister Tun Lim Chong Eu and ex-MCA president Tun Dr Ling Liong Sik are among 10 recipients of the Exemplary Malaysians Hokkien Award, reported Nanyang Siang Pau.The others are YTL Corp patriarch Tan Sri Yeoh Tiong Lay, palm oil king Tan Sri Lee Shin Cheng, Tan Sri Tong Yoke Kim, Sarawak-based timber tycoon Tan Sri Tiong Hiew King, Tan Sri Quek Leng Chan of Hong Leong Group, philanthropist Tan Sri Kuek Ho Yao, property tycoon Tan Sri Low Keng Seng and Chinese educationist Datuk Sim Mow Yu.The award was established in conjunction with the 50th anniversary of The Federation of Hokkie...
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| Call of the Red Seas |
| 2008-04-25 02:20:00 |
Call of the Red Seas Modest beginnings Wealth Magazine, April 24, 2008Like many Southeast Asian conglomerates, YTL is the product of several generations of sheer industriousness and a do-or-die sense of urgency. Tan Sri Dato' Francis Yeoh's late grandfather, Yeoh Cheng Liam, left Fujian province in China in 1920 with not much more than a few dollars and a bag of clothes. He landed in what was then known as Malaya and found work in a timber shop. He saved up and started a timber business. His son Yeoh Tiong Lay began working at age 13 to help pay for his siblings' education. He eventually started a construction company called Syarikat Pembenaan Yeoh Tiong Lay (Yeoh Tiong Lay Building Company) in 1955. It later became YTL, his initials. It was not uncommon for him to take his seven child...
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| MEMS submits audited accounts |
| 2008-04-24 09:41:00 |
MEMS submits audited accountsPETALING JAYA: MEMS Technology Bhd on Thursday submitted its audited accounts for the financial year ended July 31, 2007 to Bursa Malaysia Securities Bhd, which stated MEMS’ financial statements were in order but its subsidiary’s accounts were not properly kept.It said the auditors found MEMS’ financial statements “properly drawn up in accordance with the provisions of the Companies Act, 1965 and the financial reporting standards issued by the Malaysian Accounting Board.”However, the auditors stated the accounting and other records kept by MEMS subsidiary Senzpak (M) Sdn Bhd had not been properly kept as required by the Companies Act 1965.Trading in MEMS’ shares had been suspended since March 3 over the delay in s...
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| DIGI AGM in 2008 |
| 2008-04-24 09:17:00 |
Early Christmas! Santa Claus definitely looks good in yellowish appearance. No one is more successful than DIGI in making their iconic human like creature into one of the most recognized figure in Malaysia. My pal, Mr. Alan Wong went to the DIGI AGM 2008 today and shared some of his experiences. The bottomline is it is one AGM worth going, no other reason, just for the free goodies.Upon entrance, you shall receive a RM50 prepaid call coupon. Then you get to enjoy a free lunch and if you stay till the end of the meeting, you get yourself another RM40 bucks reload coupon. On top of everything else, you will be given a big, yellowish mug like the one below:Isn't that cool?...
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| Then Then? |
| 2008-04-24 05:51:00 |
Reference No CM-080424-64343 Company Name : MEMS TECHNOLOGY BERHAD (MESDAQ Market) Stock Name : MEMS Date Announced : 24/04/2008 Type : Announcement Subject : MEMS TECHNOLOGY BERHAD ("MEMS" OR "THE COMPANY")- AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 JULY 2007 Contents : Further to the announcement dated 4 April 2008, the Board of Directors of MEMS (“Board”) is pleased to announce that the Company had on 23 April 2008 submitted its Audited Accounts for the year ended 31 July 2007 (“AAA 2007”) to Bursa Malaysia Securities Berhad ("Bursa Securities").The Board hereby announces that the said AAA 2007 was qualified by the Auditors as follows:-“1. (a) As stated in Note 25 to the financial statements, on 27 November 2007, the Board of Directors of the Company is ...
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| Then? |
| 2008-04-24 04:33:00 |
Company Name : MEMS TECHNOLOGY BERHAD (MESDAQ Market) Stock Name : MEMS Date Announced : 24/04/2008 Subject : MEMS-DELAY IN SUBMISSION OF FINANCIAL STATEMENTS Contents : : MEMS Technology Berhad ("MEMS" or "the Company") has on 23 April 2008 submitted its outstanding financial statements, the Annual Audited Accounts for the financial year ended 31 July 2007 to Bursa Malaysia Securities Berhad for public release which was due to be submitted on or before 30 November 2007....
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| YTL’s Wessex Water wins Queen’s Award for Enterprise |
| 2008-04-23 08:47:00 |
YTL’s Wessex Water wins Queen’s Award for Enterprise United Kingdom, April 21, 2008The company first committed to becoming a sustainable operation in 1997 with the publishing of their first sustainability report. Wessex Water then developed its ‘Sustainability Vision’ which sets out its sustainability goals and the mechanisms to achieve them into five key areas; the environment; outside interests (including customers and communities); employees; infrastructure and finances. Julian Dennis, director of compliance and sustainability, Wessex Water said: “For Wessex Water, sustainability is not an added extra – it applies to all that we do. Our sustainability vision has been embedded thoroughly within our cor...
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| Star fruit can be toxic for kidney patients |
| 2008-04-22 09:51:00 |
Star fruit can be toxic for kidney patientsKUALA LUMPUR: All it takes is one fruit or 100ml of juice and the ordinarily harmless star fruit becomes poison in a matter of hours for kidney patients.University Malaya Medical Centre (UMMC) consultant nephrologist Prof Dr Tan Si-Yen said this was what happened to Tang Gon Seang, who has been suffering a kidney ailment.The 66-year-old Malaysian was in Shenzhen visiting his son when he passed out on March 29 after eating star fruits and was rushed to the Shenzhen General Hospital where he fell into a coma.“Star fruits contain a neurotoxin, which is not present in other fruits, affecting the brain and nerves. In healthy persons, the kidneys filter i...
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| KL-S'pore bullet train derailed by high cost |
| 2008-04-22 09:46:00 |
Frankly speaking, no one is surprise by such decision. It's just too many things on stake if the project is successful. Think about KL-Singapore air route, think about KTM Berhad, think about PLUS Berhad, ..... it's all political!!! Socio-economy factors? My feet. KL-S'pore bullet train derailed by high costPETALING JAYA: The proposed Kuala Lumpur-Singapore multi-billion ringgit bullet train project has been put on hold due to the high cost.Economic Planning Unit director-general Datuk Seri Sulaiman Mahbob confirmed that the Government had shelved the project but refused to elaborate further.“The Government will not go ahead with the project because the financial model submitted involves a significant cost to be borne by the Government,” he said when co...
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| Samsung's Chairman to Resign |
| 2008-04-22 08:45:00 |
Samsung's Chairman to ResignTuesday, Apr. 22, 2008 By MICHAEL SCHUMAN Samsung Group Chairman Lee Kun-hee during a news conference at the company's headquarters in Seoul on April 22In what may prove to be a milestone for corporate reform in South Korea , the country's most powerful businessman on Tuesday resigned from his post as chairman of Samsung Electronics.Lee Kun Hee, 66, stepped down after being indicted last week on charges of tax evasion and breach of fiduciary trust. Lee's son also resigned from his post at the company. "I have regrets," Lee said in a brief televised address broadcast on national TV. "But I think this is time for me to leave, taking all the mistakes of the past with me." Lee said he would "take full responsibility, both moral an...
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| Yahoo's first-quarter earnings could sway Microsoft battle |
| 2008-04-22 08:41:00 |
Yahoo's first-quarter earnings could sway Microsoft battleMonday April 21, 5:29 pm ET By Michael Liedtke, AP Business Writer Yahoo's first-quarter earnings could determine next step in takeover battle with Microsoft SAN FRANCISCO (AP) -- After two years of crumbling profits, Yahoo Inc. can't afford another letdown Tuesday when the Internet icon reports its first-quarter earnings.Although they only cover a three-month period, the results could determine the Sunnyvale-based company's fate as it grapples with an unsolicited takeover offer from Microsoft Corp. If Yahoo bounces back to exceed analysts' modest expectations, it could be a springboard to a h...
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| It's Time for heavier sin-tax |
| 2008-04-22 08:27:00 |
Company Name : BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD Stock Name : BAT Date Announced : 22/04/2008 Financial Year End : 31/12/2008 Quarter : 1 Quarterly report for the financial period ended : 31/03/2008 Revenue 1,021,410 Profit/(loss) before tax 285,142Profit/(loss) for the period 211,404Basic earnings/(loss) per share (sen) 74.00Proposed/Declared dividend per share (sen) 0.00 I believe that the coming Malaysia National Budget will imposes a heavier sin tax on alcohols and cigarettes because their current price is still far below the market equilibrium. Given that the price demand is pretty inelastic, another 10 to 20% increment in such taxation shouldn't cause much impact to the sin market. In fact, the government can utilize these tax money to cover other necessity subsidies."I...
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| Public Bank offers gold investment account |
| 2008-04-22 07:35:00 |
Refer to my previous post Public Bank offers gold investment account KUALA LUMPUR: Public Bank Bhd has launched a new investment product, Gold Investment Account, that allows customers to purchase the purest available gold commodity in 99.99% fineness at daily prices in ringgit per gram.Managing director Datuk Seri Tay Ah Lek said in a statement the launch of the product was in line with the recent rise in gold demand and to provide an alternative investment product for customers who wished to earn potentially higher returns.“The account provides customers with the convenience of i...
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| The Things about Credit Card |
| 2008-04-22 05:53:00 |
People loves it, People hates it.If you ever can't withstand the temptation of impulsive purchasing, STAY AWAY from credit cards. They're evil, at least to YOU.Let me start with explaining something about credit card.First and foremost, it is a card, obviously. It maybe square, round, or any other wicked shapes, but still it is a card. Then, there is something tricky about the word "credit". Credit is all around us. You got yourself some credit hours when you scored an A in one of your A-level subject. Corporations got themselves credit-rated by rating agency based on some evaluation criteria. You put in one buck into a slot machine to buy some credits naively hope to won that jumbo jackpot. Then we have credit spread...
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| Malaysia 2008 Crime & Safety Report |
| 2008-04-22 05:44:00 |
Malaysia 2008 Crime & Safety ReportCrime & SafetyEast Asia / Pacific - Malaysia 9 Apr 2008 Overall Crime and Safety Situation The overall crime rate in Malaysia is medium and violent crime against expatriates is relatively uncommon. Most criminal activity directed against foreigners is limited to non-violent crimes such as petty theft, purse snatching, and credit card fraud. Residential break-ins occur and are becoming more frequent, but have not resulted in injuries to the occupants. As stated above, purse snatching is a frequently reported crime against expatriates and Malaysian citizens. The usual modus operandi (MO) is one or two males on a motorbike approaching the target from the r...
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| Chinese heckle Olympic torch run protesters in Malaysia |
| 2008-04-21 07:29:00 |
Supporters of China grab a pro-Tibet banner unfurled by a Japanese man before the start of the Beijing Olympic Torch relay in Kuala Lumpur, Malaysia, today.Chinese heckle Olympic torch run protesters in MalaysiaBy JULIA ZAPPEI • Associated Press • April 21, 2008KUALA LUMPUR, Malaysia — A crowd of Chinese onlookers heckled and hit a Japanese family with inflated plastic batons today after the three unfurled a Tibetan flag before the start of the Malaysian leg of the Olympic torch relay.The family, comprising two adults and a boy, was detained by police, who also took a Buddhist monk and a British woman wearing a “Free-Tibet” T-shirt into custody. The woman and monk were later ...
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| Sacred flame sends off sparks in Malaysia |
| 2008-04-21 07:26:00 |
Sacred flame sends off sparks in MalaysiaUpdated：2008-04-21 Jiang Xiaoyu gives a brief speech at Malaysia’s torch launching ceremony.(KUALA LUMPUR, April 21) -- At 2:00 p.m. local time (0600 GMT) the Kuala Lumpur leg of the global torch relay began from the Malaysian capital's Dataran Merdeka (Independence Square). About 4 hours later, it is scheduled to reach the Petronas Twin Towers where it will be celebrated with a grand ceremony. Kuala Lumpur is the thirteenth stop of the 2008 worldwide Olympic torch relay outside of the Chinese mainland.At the launching ceremony, Olympic Council of Malaysia (OCM) president Tunku Tan Sri Imran Tuanku Ja'afar gave a brief speech where he spoke about the honor his country feels of...
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| China stocks plunge as PetroChina falls below IPO price |
| 2008-04-21 07:05:00 |
Warren Buffett sold them like ages ago, do you think he's darn smart now? :pThere's reason why he's one of the most successful investors in mankind history: He definitely got access to material, non-public information or else his market sensitivity radar must be the state of the art. Introducing the Mosaic Theory Investopedia defines the Mosaic Theory as:A method of analysis used by security analysts to gather information about a corporation. Mosaic theory involves collecting public, non-public and non-material information about a company in order to determine the underlying value of the company's securities and to enable the analyst to make recommendations to clients based on that information. Applying the Mosaic Theory is as much art as it is science. You basically have to gather as man...
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| As the boss moves online, Facebook users squirm |
| 2008-04-18 14:05:00 |
As the boss moves online, Facebook users squirmBy Johnny Diaz The Boston GlobePublished: April 17, 2008Ali Riaz has 126 friends on his facebook.com account. Ten of them are his employees.Riaz does not mind befriending his staff members online — as long as they initiate the process. "I don't want to impose," said Riaz, chief executive officer of Attivio, a software company in Newton, Massachusetts. "Everyone has a different definition of what is personal and private. There is a line there, but it's a wiggly line. Whenever you are in a power position, you have to be careful."Networking sites like MySpace and Facebook introduce people to new friends and expand their cybercircles of pals. But they are also introducing peopl...
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| High-end weddings weather US crisis |
| 2008-04-17 21:14:00 |
High-end weddings weather US crisis Couples are a little more careful with their budget, but are still determined to celebrate in style, says a florist NEW YORK: Investment bank bailouts, home foreclosures and job losses have spread economic gloom through America but in New York, at least, there's one industry still eathering the storm - high-end weddings.Cake makers, florists, wedding planners and dress-makers at a wedding show this month said brides were still determined to enjoy their big day with almost no expense spared.While some couples were cutting back on non-essentials, for example having only two bridesmaids instead of four, most vendors at the New York magazine Weddings Showcase in Manhattan said they were yet...
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| Errr.... Sir? |
| 2008-04-17 07:21:00 |
I always enjoy my breakfast at a small chinese restaurant in the residential area near where I stayed. The restaurant is basically operated by a married couple and the business is so good that during lunch time you need to wait for seats. Well, of course the crowd is not as ridiculous as those in KL area, but obviously that restaurant is making good cash flow everyday.The young man (The owner), I think he only like around 30+ years old, one day approached me. He said "Hey, do you play shares? I saw you always read the economy columns". Eddy: Oh well, I like to be sensitive with economic happenings."Youngman: Any handsome counters to recommend?Eddy: (Oh boy) Not really, IMHO, the market outlooks are very discouraging.Youngman: Aiya, I still stucked with my genting.Eddy: Oh, Genting? What is...
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| Yeoh: Bullet train project is environment-friendly |
| 2008-04-16 11:09:00 |
Eddy: I love to see this happen.Eddy: “tens of billion ringgit”savings in fuel subsidy? According to the law of conservation of energy, energy just can't be recreated (Note: In advanced physics, energy do get annihilated). Savings in one area must be causing the excessive consumptions in other places. Eddy: Hoo Haa, RM8 Billion project! Eddy: Bottomline is, I just want to have total access to every details of the project. Costing, timing, subcontractor selection process, billing/markup/margin/etc, covenants of every legally binding contracts, blah blah. In other words, the project must be totally transparent to us, for us to judge whether it is truly beneficial. Eddy: Yeap, I know total transparency is not going to happen, I just murmuring myself here...
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