Malaysia-Singapore joint IDR committee cannot make policies - Malaysia govt
14/06/2007 10:45:00
KUALA LUMPUR (XFN-ASIA) - The Malaysian cabinet has decided that the
Malaysia-Singapore ministerial level joint committee on the Iskandar Development
Region (IDR) will not be empowered to formulate policies on development in the
area.
The committee will function only as a facilitator for projects between the two
countries, a statement released by the Prime Minister's office said.
The committee will be jointly chaired by Malaysia's Minister in the Prime
Minister's Department Effendi Norwawi and Singapore's National Development
Minister Mah Bow Tan.
Source: Osk Wirenews
Wednesday, June 13, 2007
Malaysia's AirAsia aims for first flight to India in 2008
Malaysia's AirAsia aims for first flight to India in 2008 - report
13/06/2007 17:28:00
KUALA LUMPUR (XFN-ASIA) - AirAsia Bhd plans to launch its first flight to India
towards the end of 2008 and its first destination is likely to be Amritsar in
Punjab, the Bernama news agency reported in a despatch from Mumbai, citing
AirAsia chief executive officer Tony Fernandes.
"I am really limited by the planes and the earliest we can look at (it) is the
third quarter of 2008," he said.
The budget carrier is able to fly to India under a bilateral agreement between
India and Malaysia but it will not be able to fly within India unless the Indian
government grants its approval, he said, ruling out alliances with Indian budget
carriers to enter the Indian market.
Source: Osk WIrenews
13/06/2007 17:28:00
KUALA LUMPUR (XFN-ASIA) - AirAsia Bhd plans to launch its first flight to India
towards the end of 2008 and its first destination is likely to be Amritsar in
Punjab, the Bernama news agency reported in a despatch from Mumbai, citing
AirAsia chief executive officer Tony Fernandes.
"I am really limited by the planes and the earliest we can look at (it) is the
third quarter of 2008," he said.
The budget carrier is able to fly to India under a bilateral agreement between
India and Malaysia but it will not be able to fly within India unless the Indian
government grants its approval, he said, ruling out alliances with Indian budget
carriers to enter the Indian market.
Source: Osk WIrenews
Malaysia's AirAsia to fly to China's Shenzhen from July 15
Malaysia's AirAsia to fly to China's Shenzhen from July 15
13/06/2007 15:20:00
KUALA LUMPUR (XFN-ASIA) - Budget carrier AirAsia Bhd said it will start flying
to China's Shenzhen from two of its hubs -- Kuala Lumpur and Bangkok -- from
July 15.
"We are very confident that this route will open more opportunities to enhance
both of our hubs with greater international links in the region, especially with
Shenzhen being the gateway to Southern China and Hong Kong," said Kathleen Tan,
executive vice president for commercial at AirAsia.
Currently, the airline is serving seven daily flights to Macau, from Kuala
Lumpur, Kota Kinabalu and from Bangkok.
It also serves one daily flight to Xiamen from Bangkok.
Source: Osk Wirenews
13/06/2007 15:20:00
KUALA LUMPUR (XFN-ASIA) - Budget carrier AirAsia Bhd said it will start flying
to China's Shenzhen from two of its hubs -- Kuala Lumpur and Bangkok -- from
July 15.
"We are very confident that this route will open more opportunities to enhance
both of our hubs with greater international links in the region, especially with
Shenzhen being the gateway to Southern China and Hong Kong," said Kathleen Tan,
executive vice president for commercial at AirAsia.
Currently, the airline is serving seven daily flights to Macau, from Kuala
Lumpur, Kota Kinabalu and from Bangkok.
It also serves one daily flight to Xiamen from Bangkok.
Source: Osk Wirenews
Malaysia's Time dotCom, Hutchison Global sign broadband solution deal
Malaysia's Time dotCom, Hutchison Global sign broadband solution deal - report
13/06/2007 16:26:00
KUALA LUMPUR (XFN-ASIA) - Time dotCom Bhd has entered into an agreement with
Hong Kong's Hutchison Global Communications Ltd to offer customised broadband
service solutions to corporate customers in Malaysia, the Bernama news agency
reported, citing Time managing director Baharum Salleh.
"Under the agreement, Time dotCom is well-positioned to offer not only Global
IP Virtual Private Network (IP-VPN) services but also International Ethernet
Services to corporate customers in Malaysia," Baharum said.
"Hutchison has a comprehensive international network coverage to support the
Global IP-VPN services between Malaysia and the rest of the world," he said.
"Additionally, the International Ethernet Services that cover six countries
will also be offered via the collaboration," he added.
The agreement between the two companies is for an initial period of 3 years.
Hutchison, a subsidiary of Hutchison Telecommunication International Ltd, owns
the largest fibre-to-the-building telecommunications network in Hong Kong.
Source: Osk Wirenews
13/06/2007 16:26:00
KUALA LUMPUR (XFN-ASIA) - Time dotCom Bhd has entered into an agreement with
Hong Kong's Hutchison Global Communications Ltd to offer customised broadband
service solutions to corporate customers in Malaysia, the Bernama news agency
reported, citing Time managing director Baharum Salleh.
"Under the agreement, Time dotCom is well-positioned to offer not only Global
IP Virtual Private Network (IP-VPN) services but also International Ethernet
Services to corporate customers in Malaysia," Baharum said.
"Hutchison has a comprehensive international network coverage to support the
Global IP-VPN services between Malaysia and the rest of the world," he said.
"Additionally, the International Ethernet Services that cover six countries
will also be offered via the collaboration," he added.
The agreement between the two companies is for an initial period of 3 years.
Hutchison, a subsidiary of Hutchison Telecommunication International Ltd, owns
the largest fibre-to-the-building telecommunications network in Hong Kong.
Source: Osk Wirenews
Tuesday, June 12, 2007
Understanding ETF
Understanding ETF
Q: What is an exchange-traded fund (ETF)?
An ETF is essentially a unit trust fund, except that it is traded on a stock exchange. It represents a basket of securities and is designed to track the performance of an index. The performance of an ETF usually mirrors that of the index it tracks.
Take the FBM30etf as example. Since it tracks the FBM30, it will buy the index's constituent stocks. The number of shares bought for each stock will be based on its weightage on the index.
Q: What benefits does an ETF bring to investors?
Unlike unit trust funds, investors can buy and sell units of an ETF at anytime during trading hours like trading a stock. An ETF is traded in blocks of 100 units.
Instead of buying shares of each and every stock, ETF allows investors to gain exposure to a basket of securities with just a single purchase of ETF units. ETF offers portfolio diversification like unit trust funds.
ETF incurs low management fee as a result of passive management. Transaction cost is low (0.6% via brokerage) compared with unit trust fund (3% to 5% sales charge).
Q: How do I buy or sell ETF?
Like ordinary stocks, you can buy or sell ETF through your broker.
Q: How is the market price of an ETF determined?
As an ETF is traded like a stock, the price of each unit is determined by the supply and demand of the market, and in general, will be traded closely to the market value of the underlying basket of securities.
Q: How do I value an ETF?
An ETF is valued according to its net asset value (NAV). NAV is the fund's assets minus its liabilities divided by the number of outstanding shares. At the end of each trading day, the NAV will be calculated. The increase in NAV means the increase in the value of one's holdings.
Investors should also look at whether an ETF is traded at a premium or discount to the index it tracks.
Q: Does an ETF pay dividends?
Most ETFs do pay dividends. However, investors should study the prospectus of the particular ETF on its dividend policy.
Source: The Edge
Q: What is an exchange-traded fund (ETF)?
An ETF is essentially a unit trust fund, except that it is traded on a stock exchange. It represents a basket of securities and is designed to track the performance of an index. The performance of an ETF usually mirrors that of the index it tracks.
Take the FBM30etf as example. Since it tracks the FBM30, it will buy the index's constituent stocks. The number of shares bought for each stock will be based on its weightage on the index.
Q: What benefits does an ETF bring to investors?
Unlike unit trust funds, investors can buy and sell units of an ETF at anytime during trading hours like trading a stock. An ETF is traded in blocks of 100 units.
Instead of buying shares of each and every stock, ETF allows investors to gain exposure to a basket of securities with just a single purchase of ETF units. ETF offers portfolio diversification like unit trust funds.
ETF incurs low management fee as a result of passive management. Transaction cost is low (0.6% via brokerage) compared with unit trust fund (3% to 5% sales charge).
Q: How do I buy or sell ETF?
Like ordinary stocks, you can buy or sell ETF through your broker.
Q: How is the market price of an ETF determined?
As an ETF is traded like a stock, the price of each unit is determined by the supply and demand of the market, and in general, will be traded closely to the market value of the underlying basket of securities.
Q: How do I value an ETF?
An ETF is valued according to its net asset value (NAV). NAV is the fund's assets minus its liabilities divided by the number of outstanding shares. At the end of each trading day, the NAV will be calculated. The increase in NAV means the increase in the value of one's holdings.
Investors should also look at whether an ETF is traded at a premium or discount to the index it tracks.
Q: Does an ETF pay dividends?
Most ETFs do pay dividends. However, investors should study the prospectus of the particular ETF on its dividend policy.
Source: The Edge
Tradewinds surges 27% in early trade
13-06-2007: Tradewinds surges 27% in early trade
Email us your feedback at fd@bizedge.com
Tradewinds Corporation Bhd’s share price surged as much as 27% or 41 sen to RM1.89 in very active trade on June 21 after a foreign research house re-rated the counter.
It opened at RM1.51, up three sen. Within the first two hours, there were 38.33 million shares done at prices ranging from RM1.51 to RM1.89.
At 11am, it was trading at RM1.78, up 30 sen.
The company reported net profit of RM7.86 million in the first quarter, compared with a net loss of RM23.61 million a year ago.
Earnings per share was 1.28 sen versus 3.79 sen loss per share. Its net assets per share was RM2.18.
Source : The Edge
Email us your feedback at fd@bizedge.com
Tradewinds Corporation Bhd’s share price surged as much as 27% or 41 sen to RM1.89 in very active trade on June 21 after a foreign research house re-rated the counter.
It opened at RM1.51, up three sen. Within the first two hours, there were 38.33 million shares done at prices ranging from RM1.51 to RM1.89.
At 11am, it was trading at RM1.78, up 30 sen.
The company reported net profit of RM7.86 million in the first quarter, compared with a net loss of RM23.61 million a year ago.
Earnings per share was 1.28 sen versus 3.79 sen loss per share. Its net assets per share was RM2.18.
Source : The Edge
BROKER CALL Malaysia's oil/gas sector 'overweight' on firm demand
BROKER CALL Malaysia's oil/gas sector 'overweight' on firm demand - Aseambankers
13/06/2007 11:39:00
KUALA LUMPUR (XFN-ASIA) - Aseambankers Research said it has kept its
''overweight'' rating on the oil and gas sector as it expects global energy
demand to remain robust.
"Global energy demand is expected to remain robust over the next few years,
underpinned by rapid economic growth in Asia (i.e China, India and Middle
East),'' it said in a note to investors, adding that oil consumption is expected
to grow by a cumulative annual growth rate (CAGR) of 1.6 pct from 2007-2030.
However, the research house acknowledged that "long term sustainability could
be a key issue due to exhaustion of hydrocarbons."
"Elsewhere, escalating costs and skill shortage will remain an issue to the
sector, at least in the near-to-mid term in the era of high oil prices,'' it
added.
"Nevertheless, we remain overweight on the oil and gas sector, in anticipation
of a greater push for exploration and production activities, leading to greater
demand for supplies and services,'' Aseambankers concluded.
It has maintained its "strong buy" recommendations on Ramunia, with a target
price of 1.80 rgt; and KNM, target price 17.0 rgt; as well as "buy" calls on
Petronas Gas, target price 11.20 rgt; EPIC, target price 2.60 rgt; Dialog,
target price 2.35 rgt; Wah Seong, target price 4.10 rgt; Petra Perdana, target
price 4.10 rgt; and Alam Maritim, target price 4.65 rgt
Source: Osk Wirenews
13/06/2007 11:39:00
KUALA LUMPUR (XFN-ASIA) - Aseambankers Research said it has kept its
''overweight'' rating on the oil and gas sector as it expects global energy
demand to remain robust.
"Global energy demand is expected to remain robust over the next few years,
underpinned by rapid economic growth in Asia (i.e China, India and Middle
East),'' it said in a note to investors, adding that oil consumption is expected
to grow by a cumulative annual growth rate (CAGR) of 1.6 pct from 2007-2030.
However, the research house acknowledged that "long term sustainability could
be a key issue due to exhaustion of hydrocarbons."
"Elsewhere, escalating costs and skill shortage will remain an issue to the
sector, at least in the near-to-mid term in the era of high oil prices,'' it
added.
"Nevertheless, we remain overweight on the oil and gas sector, in anticipation
of a greater push for exploration and production activities, leading to greater
demand for supplies and services,'' Aseambankers concluded.
It has maintained its "strong buy" recommendations on Ramunia, with a target
price of 1.80 rgt; and KNM, target price 17.0 rgt; as well as "buy" calls on
Petronas Gas, target price 11.20 rgt; EPIC, target price 2.60 rgt; Dialog,
target price 2.35 rgt; Wah Seong, target price 4.10 rgt; Petra Perdana, target
price 4.10 rgt; and Alam Maritim, target price 4.65 rgt
Source: Osk Wirenews
BROKER CALL - Malaysia's water sector 'overweight' on 9MP rollout
BROKER CALL - Malaysia's water sector 'overweight' on 9MP rollout - Aseambankers
13/06/2007 12:28:00
KUALA LUMPUR (XFN-ASIA) - Aseambankers Research has kept its ''overweight''
rating on the water sector pending the rollout of projects under the Ninth
Malaysia Plan (9MP).
"We reaffirm our positive outlook for the water sector, especially for the long
term,'' it said, and noted that the government plans to call for an
international tender for the 44.6 kilometre tunnel works for the Pahang-Selangor
water transfer project "within these few months and for construction works to
start in early-2008."
"This would lead to the rollout of the other main packages of the larger
Pahang-Selangor water project, which we estimate would cost at least 9 bln rgt
in total,'' it added.
Potential beneficiaries of the projects are Gamuda, IJM Corp, and UEM Builders
while smaller players like Loh & Loh, Salcon and Taliworks could feature at the
sub-contracting levels, it said.
Aseambankers said national water asset management company PAAB's active
involvement in discussions to take over water-related assets in the two states
of Negeri Sembilan and Melaka, "is also positive development."
"Here, we understand that Ranhill Utilities is vying for a role in the
operation and maintenance of water treatment plants in Melaka,'' it noted.
Source: Osk Wirenews
13/06/2007 12:28:00
KUALA LUMPUR (XFN-ASIA) - Aseambankers Research has kept its ''overweight''
rating on the water sector pending the rollout of projects under the Ninth
Malaysia Plan (9MP).
"We reaffirm our positive outlook for the water sector, especially for the long
term,'' it said, and noted that the government plans to call for an
international tender for the 44.6 kilometre tunnel works for the Pahang-Selangor
water transfer project "within these few months and for construction works to
start in early-2008."
"This would lead to the rollout of the other main packages of the larger
Pahang-Selangor water project, which we estimate would cost at least 9 bln rgt
in total,'' it added.
Potential beneficiaries of the projects are Gamuda, IJM Corp, and UEM Builders
while smaller players like Loh & Loh, Salcon and Taliworks could feature at the
sub-contracting levels, it said.
Aseambankers said national water asset management company PAAB's active
involvement in discussions to take over water-related assets in the two states
of Negeri Sembilan and Melaka, "is also positive development."
"Here, we understand that Ranhill Utilities is vying for a role in the
operation and maintenance of water treatment plants in Melaka,'' it noted.
Source: Osk Wirenews
BROKER CALL - Malaysia's MRCB kept 'buy' on huge order book
BROKER CALL - Malaysia's MRCB kept 'buy' on huge order book - CIMB
12/06/2007 10:40:00
KUALA LUMPUR (XFN-ASIA) - CIMB Research has reiterated its "buy" call on
Malaysian Resources Corp Bhd (MRCB) as the firm could potentially emerge as the
best play for exposure to mega projects planned for Penang, and to overseas
ventures particularly in the Middle East.
Apart from the 1.2 bln rgt Penang Monorail and 1 bln rgt Penang outer ring road
(PORR) projects, MRCB could add another potential mega job -- the 1.2 bln rgt
new Penang international airport -- to bag three mega jobs in one state, CIMB
said.
The Penang monorail, the 9-bln-rgt Bakun power transmission project and more
overseas contracts are expected to drive MRCB's order book which currently
stands at 1.7 bln rgt, it said.
The company is targeting new contracts worth 1.5 bln rgt by the end of the
year.
There is speculation that MRCB will acquire a stake in Equine to participate in
the building of a new airport in Penang.
"We are surprised by this news and would take a slight positive view should it
materialise," the research firm said.
As for Saudi Arabia, MRCB has been working with several parties in the Middle
East on a potential transport hub, which may provide another big boost to
overseas contributions.
MRCB's 33-year toll highway concession for the Eastern Dispersal Link will
feature a new stream of recurring income by 2011, it added.
CIMB is keeping its target price of 3.15 rgt for MRCB.
At 10.36 am, MRCB was down 0.03 rgt or 1.20 pct at 2.46 rgt and Equine Capital
Bhd was off 0.02 rgt or 0.63 pct to 3.18.
(1 usd = 3.47 rgt)
Source: Osk Wirenews
12/06/2007 10:40:00
KUALA LUMPUR (XFN-ASIA) - CIMB Research has reiterated its "buy" call on
Malaysian Resources Corp Bhd (MRCB) as the firm could potentially emerge as the
best play for exposure to mega projects planned for Penang, and to overseas
ventures particularly in the Middle East.
Apart from the 1.2 bln rgt Penang Monorail and 1 bln rgt Penang outer ring road
(PORR) projects, MRCB could add another potential mega job -- the 1.2 bln rgt
new Penang international airport -- to bag three mega jobs in one state, CIMB
said.
The Penang monorail, the 9-bln-rgt Bakun power transmission project and more
overseas contracts are expected to drive MRCB's order book which currently
stands at 1.7 bln rgt, it said.
The company is targeting new contracts worth 1.5 bln rgt by the end of the
year.
There is speculation that MRCB will acquire a stake in Equine to participate in
the building of a new airport in Penang.
"We are surprised by this news and would take a slight positive view should it
materialise," the research firm said.
As for Saudi Arabia, MRCB has been working with several parties in the Middle
East on a potential transport hub, which may provide another big boost to
overseas contributions.
MRCB's 33-year toll highway concession for the Eastern Dispersal Link will
feature a new stream of recurring income by 2011, it added.
CIMB is keeping its target price of 3.15 rgt for MRCB.
At 10.36 am, MRCB was down 0.03 rgt or 1.20 pct at 2.46 rgt and Equine Capital
Bhd was off 0.02 rgt or 0.63 pct to 3.18.
(1 usd = 3.47 rgt)
Source: Osk Wirenews
Monday, June 11, 2007
Iran to build five new oil refineries across Asia
Iran to build five new oil refineries across Asia - UPDATE
11/06/2007 18:25:00
KUALA LUMPUR (XFN-ASIA) - Iran has announced it will help build five new
refineries across Asia including China with a total capacity of 1.1 mln barrels
per day in a bid to bolster ties in the region.
"Iran has finalised feasibility studies for five refining projects in five
Asian countries with a total capacity of 1.1 mln barrels per day," Seyed Kazam
Vaziri Hamaneh, Iran's petroleum minister said.
Seyed Kazam said the projects are part of Iran's attempt to boost cooperation
with Asian countries, adding that his nation will provide the crude oil.
"Those are some of the cooperation opportunities which I hope will be
supported by Asian countries," the minister told some 1,255 delegates at the
two-day Asia Oil and Gas Conference here.
"China and India are expected to be two major potential consumers in the coming
20 years," he said.
He later told reporters that refineries will be built in China, Singapore,
Indonesia, Malaysia and Syria but declined to elaborate on the partnerships or
the cost of the projects.
"We are supposed to be partners in the refineries and also try to provide the
crude oil for those refineries. The aim is to bring Asian countries together and
to provide crude oil for mutual benefit," he said.
The minister also proposed the creation of an Asian energy market comprising
major suppliers and consumers such as Japan, China, India and South Korea.
Seyed Kazam said the proposed grouping of West Asia oil suppliers and Asian
consumers could bring about "mutual benefit" as Asian countries could invest in
upstream and downstream oil and gas projects.
Oil-rich Iran is the second-largest oil exporter after Saudi Arabia in the
Organisation of Petroleum Exporting Countries. It is also the world's second
largest owner of oil and gas reserves.
He also made a pitch to investors, saying Iran will need 93 bln usd in foreign
investments and more than 43 bln usd in domestic resources by 2014 to boost oil
and gas output.
Iranian oil production is expected to reach 5.3 mln barrels daily by 2014 from
its current level of 4.3 mln barrels per day.
"The country (Iran) cannot meet that level of investment and technology needs
on its on," he said.
Despite United Nations Security Council sanctions on Iran over its refusal to
suspend a uranium enrichment program, Seyed Kazam expressed confidence that Iran
will be able to raise foreign funds.
"No, we are not concerned about the sanctions," he told reporters.
Separately, Iran's state oil company said it will invest in the construction of
an oil refinery in northern Malaysia, part of an ambitious pipeline project to
transport Middle East oil to East Asian countries.
Ghanimi Fard, executive director for international affairs with the National
Iranian Oil Co, said initial discussions are moving smoothly.
"Some works have been done and preliminary discussions have gone very well," he
told reporters at the sidelines of the gathering.
"Crude oil is going to be supplied by the National Iranian Oil Company," said
Fard in the first official confirmation of Iran's participation in the ambitious
project.
Source: Osk Wirenews
11/06/2007 18:25:00
KUALA LUMPUR (XFN-ASIA) - Iran has announced it will help build five new
refineries across Asia including China with a total capacity of 1.1 mln barrels
per day in a bid to bolster ties in the region.
"Iran has finalised feasibility studies for five refining projects in five
Asian countries with a total capacity of 1.1 mln barrels per day," Seyed Kazam
Vaziri Hamaneh, Iran's petroleum minister said.
Seyed Kazam said the projects are part of Iran's attempt to boost cooperation
with Asian countries, adding that his nation will provide the crude oil.
"Those are some of the cooperation opportunities which I hope will be
supported by Asian countries," the minister told some 1,255 delegates at the
two-day Asia Oil and Gas Conference here.
"China and India are expected to be two major potential consumers in the coming
20 years," he said.
He later told reporters that refineries will be built in China, Singapore,
Indonesia, Malaysia and Syria but declined to elaborate on the partnerships or
the cost of the projects.
"We are supposed to be partners in the refineries and also try to provide the
crude oil for those refineries. The aim is to bring Asian countries together and
to provide crude oil for mutual benefit," he said.
The minister also proposed the creation of an Asian energy market comprising
major suppliers and consumers such as Japan, China, India and South Korea.
Seyed Kazam said the proposed grouping of West Asia oil suppliers and Asian
consumers could bring about "mutual benefit" as Asian countries could invest in
upstream and downstream oil and gas projects.
Oil-rich Iran is the second-largest oil exporter after Saudi Arabia in the
Organisation of Petroleum Exporting Countries. It is also the world's second
largest owner of oil and gas reserves.
He also made a pitch to investors, saying Iran will need 93 bln usd in foreign
investments and more than 43 bln usd in domestic resources by 2014 to boost oil
and gas output.
Iranian oil production is expected to reach 5.3 mln barrels daily by 2014 from
its current level of 4.3 mln barrels per day.
"The country (Iran) cannot meet that level of investment and technology needs
on its on," he said.
Despite United Nations Security Council sanctions on Iran over its refusal to
suspend a uranium enrichment program, Seyed Kazam expressed confidence that Iran
will be able to raise foreign funds.
"No, we are not concerned about the sanctions," he told reporters.
Separately, Iran's state oil company said it will invest in the construction of
an oil refinery in northern Malaysia, part of an ambitious pipeline project to
transport Middle East oil to East Asian countries.
Ghanimi Fard, executive director for international affairs with the National
Iranian Oil Co, said initial discussions are moving smoothly.
"Some works have been done and preliminary discussions have gone very well," he
told reporters at the sidelines of the gathering.
"Crude oil is going to be supplied by the National Iranian Oil Company," said
Fard in the first official confirmation of Iran's participation in the ambitious
project.
Source: Osk Wirenews
中国股市热
中国股市热（二）
【本刊特约吴以伦撰述】经济学泰斗级人物凯恩斯（Keynes，John Maynard，1883-1946）早年从事证券投资时，曾总结了一个“最大笨蛋理论”（Theory of Greater Fool，也称“博傻理论”）。这个理论并不深奥，以艺术品市场为例，人们甚至可以完全不管某件艺术品的真实价值（即使它一文不值），只要预期会有更大的笨蛋会花更高的价格买走，他们就可以高价买下。
在资本市场中也是如此，投机行为的关键在于判断“有没有比自己更大的笨蛋”；只要不是最大的笨蛋，自己就一定是赢家，只是赢多赢少的问题。如果没有一个愿意出更高价格的更大笨蛋来做“下家”，那么自己就成了最大的笨蛋。可以这样说，任何一个投机者信奉的无非是“最大的笨蛋”理论。
中国股市是否已经出现“最大的笨蛋”的问题，许多人都已在关注；用一句大家比较熟悉的话，中国股市是否存在泡沫？
然而，“泡沫”这个概念似乎不见得容易衡量，有一句著名的话：“泡沫”只有等到它破了之后才知道，只有等破了之后才能追认它为“泡沫”。这就好像一个经济再怎么空前发展，也不能称之为“盛世”，因为这个概念不能用在当下，反而只能追认过去某个时段而已。
中国股市曾在上周创下历史新高，但仍没有多少人敢说这就是中国股市的定限，至少负责任的分析师都不会这么说。若说泡沫都能成功预见的话，那泡沫也就不会产生了。
衡量股市泡沫的重要指标
国际上常用来衡量股市泡沫的一个重要指标，就是市盈率（Price Earnings Ratio），它是指公司当时股价与每股盈利的比率。简单的说，就是付出的投资要多少年才能收回，像泰国（平均市盈率）是不到10倍、韩国是11倍、香港不到20倍及马来西亚是18倍。前一阵，许多人认为印度泡沫现象很严重，是亚洲经济当中泡沫最大的，但印度的市盈率其实也就20倍左右。
中国则保持在40至50倍之间，单只个股甚至可以高到一千多倍。如果就简单理解，中国股票的估值已经太贵，甚至是股价太高。股价和盈利相比是太高的情况，如果以市盈率40倍为例，就是说买一只股票需要等待企业分红派息40年，才能把整笔买入股票的钱取回来。
当然，单纯就以市盈率衡量股市的好坏，似乎不见得客观，因为中国似乎有其“独特”的国情存在。从1990年代末开始，中国的企业特别是国有企业，似乎不热衷分红派息。以中国银行为例，虽然其市值占中国股市总市值比例的前列，2006年的全年净利润也超过400亿人民币，但其派息政策是每十股派0.4元，以市价计算大约是0.8%，为银行存款利息的五分之一，如此低的派息造成其市盈率必然会被拉高。
这么低的回报，为什么还有这么多人热衷中国股票？这是因为中国的金融建设还不健全，以寿险为代表的理财产品还不规范，时常产生法律纠纷。在证券市场，基金及债券发展历史尚短，还没有足够的吸引力；银行推出的理财产品也只是在近几年随着境外银行登陆才开始呈现多元化。如果把钱存在银行，除了利息过低之外，还得被扣除利息税。
中国企业这种“高利润低分红”的情况似乎很平常，因为中国经济还在发展，竞争异常激烈，企业希望减少派息甚至不派息让企业持有更多的现金进行市场投资，增加投资新项目，占领市场份额，最终获取更大的利润。这个特点也与“股神”华伦巴菲特（Warren Buffett）的看法“暗合”。
中国低派息政策必将调整
与中国类似的地方还有日本，日本企业的传统就是维持稳定的低派息政策，但随着日本股东要求分享企业财富的呼声大增，越来越多日本企业转向提高派息政策。中国的情况呢？随着对资金流向的多元化、渴望获得股东的认可及同行业的竞争，必然会调整其派息政策。
当下有经济学家拿人类历史上第一起有记载的投机泡沫，17世纪荷兰的“郁金香狂热”来比较，对中国股市可能出现类似局面忧心忡忡。那个时候，有人培育出一种特别的郁金香球茎，其价格也不断上涨，磨房主甚至卖掉了自己的磨房，为的就是一只罕见的郁金香球茎。
从1634年开始，荷兰百业荒废，全国上下都开始为郁金香疯狂。与所有投机泡沫一样，参与的人们最初都实际赚到了钱。由于价钱节节上升，只需低买高卖，买高卖更高；得了甜头后，大家信心大增，倾家荡产地把更多的钱投入郁金香的买卖，希望赚取更多的金钱。
原本旁观的人看到挣钱这么容易，也受不了诱惑，加入到疯狂抢购的队伍中来。与此同时，欧洲各国的投机商也纷纷云集荷兰，参与这一投机狂潮。为了方便郁金香交易，人们干脆在阿姆斯特丹的证券交易所开设固定交易市场；鹿特丹、莱顿等城市随后也开设固定的郁金香交易场所。
在这股狂热到达巅峰时，也就是1636至1637年的那个寒冬，人们不仅买卖已收获的郁金香球茎，还提前买卖1637年将要收获的球茎。球茎的期货市场就这样诞生了。球茎在实际货物交割之前不需实际支付货款，又进一步加剧了郁金香的投机。一直到1637年2月4日，最后一个笨蛋出现，整个因郁金香球茎吹气的泡沫被刺破。
“郁金香狂热”乃历史借鉴
“郁金香狂热”不仅沉重打击了举世闻名的阿姆斯特丹交易所，更使荷兰的经济陷入一片混乱，加速了荷兰由一个强盛的殖民帝国走向衰落的步伐。从17世纪中叶开始，荷兰在欧洲的地位就受到了英国的有力挑战，欧洲繁荣的中心也开始向英吉利海峡彼岸的英国转移。
“郁金香狂热”确实是一个很好的历史借鉴，但“郁金香市场”的交易规模很小，缺少风险抗衡能力，而且其炒作对象与国民经济基本状况毫无关系，品种单一又缺少增长性。股票市场则是与国民经济走势密切相关的市场，上市公司也不像郁金香那样只是一个摆设；只要有足够的规模、有足够多的良好上市公司，只要股民大众对国家政治、经济、社会的发展前景保持足够的信任度，其稳定向上的趋势就不会轻易改变，前一时期的市场正好证明了这个道理。
除了市盈率，还有其他衡量股市是否存在泡沫的方法；比较推崇的是用国家的利率水平和国内生产总值（GDP）增长率作对比。中国2007年第一季度内生产总值增速为11.1%，通货膨胀为3%，两者相加为14%。同期中国利率则明显较低，选取利率中最高的贷款利率也不到7%，与内生产总值增长率相比两者差距近一倍。这不是今年才独有的现象，去年、前年甚至更长的一段时间，中国的情况都是如此。
两者的差距产生了相应的连锁反应，个人或者企业必然会努力寻求借贷融资。由于获取资金的成本不到7%，而可以产生的回报基本可以翻倍，一个理性人必然会选择此方法投资。中国政府也意识到两者之间的差距过大，近几年来一直在缩小两者的差距，控制通货膨胀、抑制经济过热及提高贷款利率，都是常见的政策。
Source: http://www.merdekareview.com/news.php?n=4235
【本刊特约吴以伦撰述】经济学泰斗级人物凯恩斯（Keynes，John Maynard，1883-1946）早年从事证券投资时，曾总结了一个“最大笨蛋理论”（Theory of Greater Fool，也称“博傻理论”）。这个理论并不深奥，以艺术品市场为例，人们甚至可以完全不管某件艺术品的真实价值（即使它一文不值），只要预期会有更大的笨蛋会花更高的价格买走，他们就可以高价买下。
在资本市场中也是如此，投机行为的关键在于判断“有没有比自己更大的笨蛋”；只要不是最大的笨蛋，自己就一定是赢家，只是赢多赢少的问题。如果没有一个愿意出更高价格的更大笨蛋来做“下家”，那么自己就成了最大的笨蛋。可以这样说，任何一个投机者信奉的无非是“最大的笨蛋”理论。
中国股市是否已经出现“最大的笨蛋”的问题，许多人都已在关注；用一句大家比较熟悉的话，中国股市是否存在泡沫？
然而，“泡沫”这个概念似乎不见得容易衡量，有一句著名的话：“泡沫”只有等到它破了之后才知道，只有等破了之后才能追认它为“泡沫”。这就好像一个经济再怎么空前发展，也不能称之为“盛世”，因为这个概念不能用在当下，反而只能追认过去某个时段而已。
中国股市曾在上周创下历史新高，但仍没有多少人敢说这就是中国股市的定限，至少负责任的分析师都不会这么说。若说泡沫都能成功预见的话，那泡沫也就不会产生了。
衡量股市泡沫的重要指标
国际上常用来衡量股市泡沫的一个重要指标，就是市盈率（Price Earnings Ratio），它是指公司当时股价与每股盈利的比率。简单的说，就是付出的投资要多少年才能收回，像泰国（平均市盈率）是不到10倍、韩国是11倍、香港不到20倍及马来西亚是18倍。前一阵，许多人认为印度泡沫现象很严重，是亚洲经济当中泡沫最大的，但印度的市盈率其实也就20倍左右。
中国则保持在40至50倍之间，单只个股甚至可以高到一千多倍。如果就简单理解，中国股票的估值已经太贵，甚至是股价太高。股价和盈利相比是太高的情况，如果以市盈率40倍为例，就是说买一只股票需要等待企业分红派息40年，才能把整笔买入股票的钱取回来。
当然，单纯就以市盈率衡量股市的好坏，似乎不见得客观，因为中国似乎有其“独特”的国情存在。从1990年代末开始，中国的企业特别是国有企业，似乎不热衷分红派息。以中国银行为例，虽然其市值占中国股市总市值比例的前列，2006年的全年净利润也超过400亿人民币，但其派息政策是每十股派0.4元，以市价计算大约是0.8%，为银行存款利息的五分之一，如此低的派息造成其市盈率必然会被拉高。
这么低的回报，为什么还有这么多人热衷中国股票？这是因为中国的金融建设还不健全，以寿险为代表的理财产品还不规范，时常产生法律纠纷。在证券市场，基金及债券发展历史尚短，还没有足够的吸引力；银行推出的理财产品也只是在近几年随着境外银行登陆才开始呈现多元化。如果把钱存在银行，除了利息过低之外，还得被扣除利息税。
中国企业这种“高利润低分红”的情况似乎很平常，因为中国经济还在发展，竞争异常激烈，企业希望减少派息甚至不派息让企业持有更多的现金进行市场投资，增加投资新项目，占领市场份额，最终获取更大的利润。这个特点也与“股神”华伦巴菲特（Warren Buffett）的看法“暗合”。
中国低派息政策必将调整
与中国类似的地方还有日本，日本企业的传统就是维持稳定的低派息政策，但随着日本股东要求分享企业财富的呼声大增，越来越多日本企业转向提高派息政策。中国的情况呢？随着对资金流向的多元化、渴望获得股东的认可及同行业的竞争，必然会调整其派息政策。
当下有经济学家拿人类历史上第一起有记载的投机泡沫，17世纪荷兰的“郁金香狂热”来比较，对中国股市可能出现类似局面忧心忡忡。那个时候，有人培育出一种特别的郁金香球茎，其价格也不断上涨，磨房主甚至卖掉了自己的磨房，为的就是一只罕见的郁金香球茎。
从1634年开始，荷兰百业荒废，全国上下都开始为郁金香疯狂。与所有投机泡沫一样，参与的人们最初都实际赚到了钱。由于价钱节节上升，只需低买高卖，买高卖更高；得了甜头后，大家信心大增，倾家荡产地把更多的钱投入郁金香的买卖，希望赚取更多的金钱。
原本旁观的人看到挣钱这么容易，也受不了诱惑，加入到疯狂抢购的队伍中来。与此同时，欧洲各国的投机商也纷纷云集荷兰，参与这一投机狂潮。为了方便郁金香交易，人们干脆在阿姆斯特丹的证券交易所开设固定交易市场；鹿特丹、莱顿等城市随后也开设固定的郁金香交易场所。
在这股狂热到达巅峰时，也就是1636至1637年的那个寒冬，人们不仅买卖已收获的郁金香球茎，还提前买卖1637年将要收获的球茎。球茎的期货市场就这样诞生了。球茎在实际货物交割之前不需实际支付货款，又进一步加剧了郁金香的投机。一直到1637年2月4日，最后一个笨蛋出现，整个因郁金香球茎吹气的泡沫被刺破。
“郁金香狂热”乃历史借鉴
“郁金香狂热”不仅沉重打击了举世闻名的阿姆斯特丹交易所，更使荷兰的经济陷入一片混乱，加速了荷兰由一个强盛的殖民帝国走向衰落的步伐。从17世纪中叶开始，荷兰在欧洲的地位就受到了英国的有力挑战，欧洲繁荣的中心也开始向英吉利海峡彼岸的英国转移。
“郁金香狂热”确实是一个很好的历史借鉴，但“郁金香市场”的交易规模很小，缺少风险抗衡能力，而且其炒作对象与国民经济基本状况毫无关系，品种单一又缺少增长性。股票市场则是与国民经济走势密切相关的市场，上市公司也不像郁金香那样只是一个摆设；只要有足够的规模、有足够多的良好上市公司，只要股民大众对国家政治、经济、社会的发展前景保持足够的信任度，其稳定向上的趋势就不会轻易改变，前一时期的市场正好证明了这个道理。
除了市盈率，还有其他衡量股市是否存在泡沫的方法；比较推崇的是用国家的利率水平和国内生产总值（GDP）增长率作对比。中国2007年第一季度内生产总值增速为11.1%，通货膨胀为3%，两者相加为14%。同期中国利率则明显较低，选取利率中最高的贷款利率也不到7%，与内生产总值增长率相比两者差距近一倍。这不是今年才独有的现象，去年、前年甚至更长的一段时间，中国的情况都是如此。
两者的差距产生了相应的连锁反应，个人或者企业必然会努力寻求借贷融资。由于获取资金的成本不到7%，而可以产生的回报基本可以翻倍，一个理性人必然会选择此方法投资。中国政府也意识到两者之间的差距过大，近几年来一直在缩小两者的差距，控制通货膨胀、抑制经济过热及提高贷款利率，都是常见的政策。
Source: http://www.merdekareview.com/news.php?n=4235
Sunday, June 10, 2007
Malaysia's MRCB lower on speculation to buy stake in Equine
STOCKWATCH - Malaysia's MRCB lower on speculation to buy stake in Equine
11/06/2007 11:11:00
KUALA LUMPUR (XFN-ASIA) - Malaysian Resources Corp Bhd (MRCB) shares were
lower, bucking the trend in the broader market, on speculation that it will buy
a stake in Equine Capital Bhd, a move that analysts said will add very little to
MRCB's shareholders value.
At 11.09 am, MRCB was down 0.01 rgt or 0.40 pct at 2.50, while Equine was flat
at 3.06 rgt.
The KLCI was up 12.18 points or 0.90 pct at 1,364.57
There is speculation that MRCB will acquire a stake in Equine to participate in
the building of a new airport in Penang.
OSK Research said there is no sense in acquiring a stake in Equine Capital as
it will not add to MRCB's shareholders value as Equine is primarily engaged in
property development and the provision of recreational and equestrian
activities, which is "relatively trivial compared to MRCB's construction job
profile".
In addition, Equine reported a 79 pct drop in net profit to 3.56 mln rgt for
the year to March 2007 on the back of a turnover of 76.5 mln rgt.
"We would be disappointed if MRCB (takes) an equity stake in Equine," OSK
analyst Tursina Yaacob said.
"(However,) we would be comfortable in MRCB's participation in the project
since construction of the new airport in Batu Kawan will add 1.2 bln rgt to the
company's orderbook, bringing total outstanding work to 3 bln rgt," she said.
In addition, the construction of an airport will enhance MRCB's job profile,
increasing its ability to bid for a wider range of projects.
"Assuming a conservative 8 pct margin, the project would add 96 mln rgt to
MRCB's bottomline," she said, but added that she is maintaining her earnings
projections for MRCB until there is confirmation of the acquisition.
OSK has a 'trading buy' recommendation on MRCB, with a 12-month target price of
3.25 rgt.
Source: Osk WireNews
11/06/2007 11:11:00
KUALA LUMPUR (XFN-ASIA) - Malaysian Resources Corp Bhd (MRCB) shares were
lower, bucking the trend in the broader market, on speculation that it will buy
a stake in Equine Capital Bhd, a move that analysts said will add very little to
MRCB's shareholders value.
At 11.09 am, MRCB was down 0.01 rgt or 0.40 pct at 2.50, while Equine was flat
at 3.06 rgt.
The KLCI was up 12.18 points or 0.90 pct at 1,364.57
There is speculation that MRCB will acquire a stake in Equine to participate in
the building of a new airport in Penang.
OSK Research said there is no sense in acquiring a stake in Equine Capital as
it will not add to MRCB's shareholders value as Equine is primarily engaged in
property development and the provision of recreational and equestrian
activities, which is "relatively trivial compared to MRCB's construction job
profile".
In addition, Equine reported a 79 pct drop in net profit to 3.56 mln rgt for
the year to March 2007 on the back of a turnover of 76.5 mln rgt.
"We would be disappointed if MRCB (takes) an equity stake in Equine," OSK
analyst Tursina Yaacob said.
"(However,) we would be comfortable in MRCB's participation in the project
since construction of the new airport in Batu Kawan will add 1.2 bln rgt to the
company's orderbook, bringing total outstanding work to 3 bln rgt," she said.
In addition, the construction of an airport will enhance MRCB's job profile,
increasing its ability to bid for a wider range of projects.
"Assuming a conservative 8 pct margin, the project would add 96 mln rgt to
MRCB's bottomline," she said, but added that she is maintaining her earnings
projections for MRCB until there is confirmation of the acquisition.
OSK has a 'trading buy' recommendation on MRCB, with a 12-month target price of
3.25 rgt.
Source: Osk WireNews
Thursday, June 7, 2007
Malaysia's Time dotcom sees return to profitability by 2009 - report
Malaysia's Time dotcom sees return to profitability by 2009 - report
07/06/2007 18:03:00
KUALA LUMPUR (XFN-ASIA) - Time dotcom Bhd expects to return to profitability by
2009 as its restructuring exercise is progressing well, the Bernama news agency
reported, citing managing director Baharum Salleh.
Time reported a pretax loss of 177.1 mln rgt for financial year 2006, against a
loss of 237.9 mln rgt in 2005, according to the report.
"Based on our plan, improvement in numbers will start by the third or fourth
quarter this year while profitability is expected within three years," said
Baharum.
"We have done several market engagements which will give us revenue and from
the third quarter onwards, hopefully the result will be much better from the
previous quarter," he added.
The company will allocate some 134 mln rgt for capital expenditure this year,
up from 44 mln rgt a year ago.
The funds will be utilised to upgrade its existing fibre-optic network to an
internet protocol-based network, said Baharum.
Baharum also said that Time is currently in talks with several parties to roll
out its 3G services.
"We are in discussions with several companies on the content, network and
connectivity," he said, adding that the service will be launched in the "most
economical way" but in tandem with market demand.
Source: Osk Wirenews
07/06/2007 18:03:00
KUALA LUMPUR (XFN-ASIA) - Time dotcom Bhd expects to return to profitability by
2009 as its restructuring exercise is progressing well, the Bernama news agency
reported, citing managing director Baharum Salleh.
Time reported a pretax loss of 177.1 mln rgt for financial year 2006, against a
loss of 237.9 mln rgt in 2005, according to the report.
"Based on our plan, improvement in numbers will start by the third or fourth
quarter this year while profitability is expected within three years," said
Baharum.
"We have done several market engagements which will give us revenue and from
the third quarter onwards, hopefully the result will be much better from the
previous quarter," he added.
The company will allocate some 134 mln rgt for capital expenditure this year,
up from 44 mln rgt a year ago.
The funds will be utilised to upgrade its existing fibre-optic network to an
internet protocol-based network, said Baharum.
Baharum also said that Time is currently in talks with several parties to roll
out its 3G services.
"We are in discussions with several companies on the content, network and
connectivity," he said, adding that the service will be launched in the "most
economical way" but in tandem with market demand.
Source: Osk Wirenews
Stocks Fall As Yields Climb
Stocks Fall As Yields Climb
Thursday June 7, 1:08 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent; Dow Falls More Than 100 Points
NEW YORK (AP) -- Wall Street fell sharply for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely. The Dow Jones industrials fell more than 100 points and the S&P 500 index hovered near the 1,500 mark.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=37
Thursday June 7, 1:08 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent; Dow Falls More Than 100 Points
NEW YORK (AP) -- Wall Street fell sharply for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely. The Dow Jones industrials fell more than 100 points and the S&P 500 index hovered near the 1,500 mark.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=37
10-Year Treasury Yield Passes 5 Percent
10-Year Treasury Yield Passes 5 Percent
Thursday June 7, 10:45 am ET
By Madlen Read, AP Business Writer
10-Year Treasury Note Yield Rises Above 5 Percent; Could Keep Lifting Mortgage Rates
NEW YORK (AP) -- The yield on the Treasury's 10-year note passed 5 percent Thursday, hitting a 10-month high as investors see their hopes for an interest rate cut evaporating.
The 10-year yield broke through 5 percent mark overnight and rose as high as 5.07 percent in mid-morning trading in New York, reaching its highest point since late July. U.S. bond markets were following a trend toward lower prices and higher yields in trading abroad.
Source: http://biz.yahoo.com/ap/070607/10_year_yield.html?.v=7
Thursday June 7, 10:45 am ET
By Madlen Read, AP Business Writer
10-Year Treasury Note Yield Rises Above 5 Percent; Could Keep Lifting Mortgage Rates
NEW YORK (AP) -- The yield on the Treasury's 10-year note passed 5 percent Thursday, hitting a 10-month high as investors see their hopes for an interest rate cut evaporating.
The 10-year yield broke through 5 percent mark overnight and rose as high as 5.07 percent in mid-morning trading in New York, reaching its highest point since late July. U.S. bond markets were following a trend toward lower prices and higher yields in trading abroad.
Source: http://biz.yahoo.com/ap/070607/10_year_yield.html?.v=7
Stocks Fall After 10-Year Yield Climbs
Stocks Fall After 10-Year Yield Climbs
Thursday June 7, 12:31 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent, Retailers Report Tepid Sales
NEW YORK (AP) -- Stocks fell for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely.
The 10-year Treasury note's yield surpassed 5 percent in overnight trading. With rates rising in the market, the Federal Reserve is expected to be less inclined to cut short-term interest rates. And a dip in applications for unemployment benefits last week, which indicates a healthy labor market, also made a rate cut seem less likely.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=35
Thursday June 7, 12:31 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent, Retailers Report Tepid Sales
NEW YORK (AP) -- Stocks fell for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely.
The 10-year Treasury note's yield surpassed 5 percent in overnight trading. With rates rising in the market, the Federal Reserve is expected to be less inclined to cut short-term interest rates. And a dip in applications for unemployment benefits last week, which indicates a healthy labor market, also made a rate cut seem less likely.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=35
Wednesday, June 6, 2007
首相再婚
即時新聞更新: June 6, 2007 13:36
首相再婚
（吉隆坡6日訊）首相拿督斯里阿都拉結婚了！
首相辦公室今日發表文告宣布，首相將于週六（9日）與管家珍妮阿都拉（Jeanne）共結連理，婚禮在首相官邸舉行，只邀近親出席。
新娘子今年54歲，1953年7月29日生于吉隆坡，在八打靈再也阿松大高中受教育。擁有豐富酒店行政管理經驗，曾管理多家著名酒店，包括希爾頓和泛太平洋酒店。
來自4名孩子家庭的珍妮，是家中長女，曾任副首相官邸管家和首相官邸經理，即阿都拉的管家。
珍妮和已故前夫育有兩名孩子，分別是納帝雅和納汀。
有關首相再婚消息早在3月份傳開，在回應記者提問時，伯拉只說“謠言，只是謠言”。
首相生于1939年11月26日，現年68歲。首相夫人拿汀斯里恩頓于2005年10月20日清晨7時55分，不敵乳癌病魔，在布城官邸病逝，享年64歲。
Source: ChinaPress malaysia :http://www.chinapress.com.my/breaking_new.asp?a=0607bkg01.txt
首相再婚
（吉隆坡6日訊）首相拿督斯里阿都拉結婚了！
首相辦公室今日發表文告宣布，首相將于週六（9日）與管家珍妮阿都拉（Jeanne）共結連理，婚禮在首相官邸舉行，只邀近親出席。
新娘子今年54歲，1953年7月29日生于吉隆坡，在八打靈再也阿松大高中受教育。擁有豐富酒店行政管理經驗，曾管理多家著名酒店，包括希爾頓和泛太平洋酒店。
來自4名孩子家庭的珍妮，是家中長女，曾任副首相官邸管家和首相官邸經理，即阿都拉的管家。
珍妮和已故前夫育有兩名孩子，分別是納帝雅和納汀。
有關首相再婚消息早在3月份傳開，在回應記者提問時，伯拉只說“謠言，只是謠言”。
首相生于1939年11月26日，現年68歲。首相夫人拿汀斯里恩頓于2005年10月20日清晨7時55分，不敵乳癌病魔，在布城官邸病逝，享年64歲。
Source: ChinaPress malaysia :http://www.chinapress.com.my/breaking_new.asp?a=0607bkg01.txt
Malaysia detects new outbreak of bird flu
Malaysia detects new outbreak of bird flu
06/06/2007 17:17:00
KUALA LUMPUR (XFN-ASIA) - A new outbreak of the deadly H5N1 strain of bird flu
has been detected among poultry in a village on the outskirts of the capital,
Kamarudin Mohammed Isa, head of the disease control section at the Department
of Veterinary Services, said.
He said the virus was confirmed late Tuesday night in chickens in the Sungai
Buloh area.
"We just confirmed it last night. We will implement standard procedures. We
will cull birds within a one kilometre radius from the index cases," he told
Agence France-Presse.
He said authorities are expected to start killing about 2,000 chickens in the
village and surrounding area later today.
Malaysia suffered outbreaks of avian influenza among poultry in early 2006, but
there were no human cases and the nation declared itself free of the disease
last June.
Source: OSK Wirenews
06/06/2007 17:17:00
KUALA LUMPUR (XFN-ASIA) - A new outbreak of the deadly H5N1 strain of bird flu
has been detected among poultry in a village on the outskirts of the capital,
Kamarudin Mohammed Isa, head of the disease control section at the Department
of Veterinary Services, said.
He said the virus was confirmed late Tuesday night in chickens in the Sungai
Buloh area.
"We just confirmed it last night. We will implement standard procedures. We
will cull birds within a one kilometre radius from the index cases," he told
Agence France-Presse.
He said authorities are expected to start killing about 2,000 chickens in the
village and surrounding area later today.
Malaysia suffered outbreaks of avian influenza among poultry in early 2006, but
there were no human cases and the nation declared itself free of the disease
last June.
Source: OSK Wirenews
Tuesday, June 5, 2007
Malaysia's central bank seen cutting key rate by 50 basis pts by year-end
Malaysia's central bank seen cutting key rate by 50 basis pts by year-end - ING
05/06/2007 15:20:00
KUALA LUMPUR (XFN-ASIA) - ING Research chief economist for Asia Tim Condon said
he expects Bank Negara to cut its key rate by 50 basis points by the end of the
year, bringing its policy rate to 3 pct and set the floor for government bond
yields.
He said Malaysian exports are performing dismally and a policy change is only a
matter of time.
"We recently revised our forecast for Bank Negara Malaysia policy rate cuts. We
had forecast the central bank remaining on hold all year but we now expect 50
basis points of rate cuts by the end of the year," it added.
Condon said in a report that Bank Negara has always stated its policy of
managing the ringgit to promote exchange rate stability against the currencies
of its main trading partners.
"Singapore is Malaysia's second largest trading partner after the US so Bank
Negara pays close attention to what the Monetary Authority of Singapore does in
managing the Singapore dollar trade-weighted index," it said.
"We note that since March the Singapore dollar has depreciated slightly against
the US dollar," it said, adding that Bank Negara's policy of "heavy
intervention and grudging accommodation of ringgit appreciation pressure" has
caused the ringgit to appreciate against the Singapore dollar.
ING said it has also cut its 10-year government bond yield forecast to 3.00 pct
from 3.50 pct. The yield is currently at 3.10 pct.
Source: OSK Wirenews
05/06/2007 15:20:00
KUALA LUMPUR (XFN-ASIA) - ING Research chief economist for Asia Tim Condon said
he expects Bank Negara to cut its key rate by 50 basis points by the end of the
year, bringing its policy rate to 3 pct and set the floor for government bond
yields.
He said Malaysian exports are performing dismally and a policy change is only a
matter of time.
"We recently revised our forecast for Bank Negara Malaysia policy rate cuts. We
had forecast the central bank remaining on hold all year but we now expect 50
basis points of rate cuts by the end of the year," it added.
Condon said in a report that Bank Negara has always stated its policy of
managing the ringgit to promote exchange rate stability against the currencies
of its main trading partners.
"Singapore is Malaysia's second largest trading partner after the US so Bank
Negara pays close attention to what the Monetary Authority of Singapore does in
managing the Singapore dollar trade-weighted index," it said.
"We note that since March the Singapore dollar has depreciated slightly against
the US dollar," it said, adding that Bank Negara's policy of "heavy
intervention and grudging accommodation of ringgit appreciation pressure" has
caused the ringgit to appreciate against the Singapore dollar.
ING said it has also cut its 10-year government bond yield forecast to 3.00 pct
from 3.50 pct. The yield is currently at 3.10 pct.
Source: OSK Wirenews
Friday, June 1, 2007
Dow, S&P 500 Hit Record Highs on Data
Dow, S&P 500 Hit Record Highs on Data
Friday June 1, 7:58 pm ET
By Tim Paradis, AP Business Writer
Stocks Finish Higher After Manufacturing, Jobs Data; Dow, S&P Set Records
NEW YORK (AP) -- Wall Street carved out a solid advance Friday after data on job creation, manufacturing and inflation injected the market with renewed confidence about the economy and sent major indexes to record closes.
ADVERTISEMENT
The Standard & Poor's 500 index was the biggest gainer among the major indicators and moved toward its all-time trading high.
Investors found reason for optimism in a stronger-than-expected jobs report for May. Nonfarm payrolls rose by 157,000 last month, a larger increase than in April and more than analysts anticipated. The unemployment rate held steady at 4.5 percent, as forecast, according to the Labor Department report.
The economic picture appeared brighter still following a lower reading on inflation from the Commerce Department and data from the Institute for Supply Management's May survey, which indicated that the manufacturing sector was strengthening.
Investors have been trying to glean from recent economic data any clues about the state of the economy and the direction of interest rates. The market hopes a slowing economy will prompt the Federal Reserve to lower rates, something the Fed is loath to do if inflation remains defiantly above the central bank's target. The job figures Friday pleased Wall Street, however, because they showed growth without an attendant rise in wage inflation
Source: http://biz.yahoo.com/ap/070601/wall_street.html?.v=58
Friday June 1, 7:58 pm ET
By Tim Paradis, AP Business Writer
Stocks Finish Higher After Manufacturing, Jobs Data; Dow, S&P Set Records
NEW YORK (AP) -- Wall Street carved out a solid advance Friday after data on job creation, manufacturing and inflation injected the market with renewed confidence about the economy and sent major indexes to record closes.
ADVERTISEMENT
The Standard & Poor's 500 index was the biggest gainer among the major indicators and moved toward its all-time trading high.
Investors found reason for optimism in a stronger-than-expected jobs report for May. Nonfarm payrolls rose by 157,000 last month, a larger increase than in April and more than analysts anticipated. The unemployment rate held steady at 4.5 percent, as forecast, according to the Labor Department report.
The economic picture appeared brighter still following a lower reading on inflation from the Commerce Department and data from the Institute for Supply Management's May survey, which indicated that the manufacturing sector was strengthening.
Investors have been trying to glean from recent economic data any clues about the state of the economy and the direction of interest rates. The market hopes a slowing economy will prompt the Federal Reserve to lower rates, something the Fed is loath to do if inflation remains defiantly above the central bank's target. The job figures Friday pleased Wall Street, however, because they showed growth without an attendant rise in wage inflation
Source: http://biz.yahoo.com/ap/070601/wall_street.html?.v=58
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