Well ...time to change ..to vote for a new and better gov.
Like donald trump- he can change the policies once he come into power..

Pump before midnight

PETALING JAYA: Fuel prices will see an increase across the board for the month of February.

RON95 and RON97 will see an increase of 20 sen to RM2.30 and RM2.60 respectively while the price of diesel will go up by 10 sen to RM2.15.



Read more at http://www.thestar.com.my/news/nation/2017/01/31/fuel-prices-to-increase-in-february/#DtuVz0vpYAKyIKfl.99

KUALA LUMPUR: Saudi Arabian Oil Co., or Saudi Aramco, will not go ahead with the plan to team up with Petroliam Nasional Bhd (Petronas) to undertake the RM89bil (US$20.1bil) refining and petrochemicals project in Johor, the Wall Street Journal said.

Saudi Aramco had decided not to go ahead with the project as it would not generate sufficient returns after conducting a feasibility study, according to three people familiar with the matter, the newspaper said on Wednesday.

WSJ said the two companies were in talks to create a joint venture partnership to build a refinery with capacity to process 300,000 barrels of oil a day, alongside a petrochemical complex with a combined annual chemical output of 7.7 million metric tons, the people said.

Petronas previously estimated the proposed complex would cost some RM53bil to build.

Related facilities ranging from raw-water supply to a plant to turn liquefied natural gas back into gas would cost another RM36bil.
Read more at http://www.thestar.com.my/business/business-news/2017/01/25/saudi-aramco-not-going-ahead-with-petronas-for-johor-project-wsj/#Q89LEXmIohjDXRL3.99

"Ops Caviar"

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has nabbed five high-level personnel from Felda under its Ops Caviar over alleged corruption.

The five were detained by MACC between 11.30am and 1.30pm in several locations around the Klang Valley on Tuesday.

All five are believed to have abused their positions in the company for personal gain since 2014.

It is learnt all five are being investigated in relation to a sturgeon fish rearing project worth about USD$10mil (RM47.6mil).

They will be remanded in a Putrajaya court on Wednesday to assist investigations into the case.

MACC director of investigations Datuk Simi Abd Ghani confirmed the arrests and seizures of documents in relation to the probe.

The 2015 Auditor-General's Report (Series 2) stated that no feasibility study and due diligence was undertaken by Felda prior to a sturgeon-rearing and two other projects, costing the agency millions in losses.


Read more at http://www.thestar.com.my/news/nation/2017/01/24/macc-felda-corruption/#oDUCPdqvbg9lTpfR.99

KUALA LUMPUR: Chatime franchisor La Kaffa International Co. Ltd of Taiwan’s move to terminate the franchise could affect over 1,000 workers and their families.

Master franchisee for Malaysia, Loob Holding Sdn Bhd said La Kaffa had recently decided to prematurely end the franchise, which has still 24 years to go.

The dispute between La Kaffa and Loob Holding came out in the open when La Kaffa announced at a press conference on Jan 6 that it had terminated the franchise and would immediately take over all the 165 Chatime outlets in Malaysia.

Chatime Malaysia’s 165 outlets accounted for more than half of the turnover recorded by the franchisor’s reported 800 outlets worldwide.

In a statement issued on Saturday Loob Holding CEO Bryan Loo said he was concerned about the loss of jobs over the termination of the franchise.

He said Loob Holdings was committed to look after the welfare of all staff and their families whose livelihood depended on the 165 outlets run by Loob Holding in Malaysia.

Of the 165 outlets, over 100 of them are owned and operated by Loob Holding and the rest are operated by sub-franchisees.

“While we seek legal advice to protect our legitimate rights and interests under the franchise agreement which only runs out in 2041, we are very much concerned over what will happen to these 1,000 over workers and their dependents.

“Although our agreement with them still has 24 years to go, they had unilaterally served us a termination letter on Jan 5.

Loo said the company’s management and supervisory staff have been liaising with all its outlet workers to assure them that their livelihood would be protected.

“We have lodged a police report against La Kaffa for the sudden termination and we will let the authorities take the necessary action according to the law.

“Right now, we are operating as usual and all our workers and sub-franchisees are assured of continued employment and consumers can continue to enjoy our offerings.

“Our team is in close consultations with the workers, partners and associates to work out a common future for all of us,” he added.

Loo said there had been disagreements and disputes over various business and operational matters in the past but these were all dealt with in accordance with the terms of the franchise agreement.

If in US the administration didnt perform - they will be changed by the citizen..as seen the republican sweept the democrats out.
According to trump , the current economy only benefit those few elites in washington..
Here in bolehland...the economy is/has been bad for few years & i think it also only benefit the "elites" but the BEEND still win...
I wonder when the ppl will wake up and "change"...

Tomoro can scoop up some cheap shares...

They shld move their operations overseas to vietnam or cambodia..

Hovid is one of the brand that made malaysia proud..
Even at overseas i can see hovid brand generic pills given by doctor..
pharmaniaga will benefit..
Wtf

wtf..
http://www.thestar.com.my/business/business-news/2017/01/09/hovids-manufacturing-licences-revoked/

The old geezer is probably lonely...apart his dog otb - he can only write nonsense to kill time. So no need to read too much into his post..
A true educated person wont read too much into grammer mistakes..even donald trump frequently make grammer mistakes in his twitter posting..
If kyy is a true champion he shld donate all or 99% of his wealth..
Lets not forget what he did to poor Optimus - a casualty of kyy & sidekick otb..
I hope these 2 jokers will finally come to their senses in 2017 and turn into a proper human being. :)

"Habislah"

Those who believe in these bloggers are asking for trouble..

Post removed.Why?

Crooks & conman a lot these days..:)

Few years back Diamond water also - fail shld already be good lesson to u all..
Felcra - nothing actually materialised - just at the bisik-bisik stage..
So lesson is dont believe what u read or heard until its FINALIZED..
Well anybody here lose big big in this? Rest in peace kfm.

Gameover..
Many trapped by felcra and whoever the reporter who write the "news"

10c

"Strong support" at 0.025

Lower limit price = 0.005
If limit down will be quite teruk

Belum tuju langit i think sudah kena scud missile...haha

Whoever still in kfm may face danger tomoro..
They can learn cutloss skill but the skill they need is actually dont be greedy in the first place

U cant follow what mainstream media say..they could be working hand in hand with the syndicate..

dont go to "ah long" later.. they put u in a tong simen.

GAME OVER

http://www.thestar.com.my/business/business-news/2016/12/15/felcra-no-longer-wants-to-buy-equity-in-kfm/

This company is a conjob.

Fraser & Neave recorded the second highest net money inflow of RM6.88mil

Johor tin kosong

PETALING JAYA: Foreign investors continued to be net sellers on Bursa Malaysia with attrition out of Malaysian equity spiking up again last week, according to MIDF Research.

“The net amount sold by foreigners on Bursa was RM780.5mil last week, higher than the prior week’s figure of only RM493.3mil. The heavy tide out of Malaysia equity is less evident in most other Asian markets,” it said in its weekly report.

It noted that foreign investors continued to be net sellers throughout the week. There was a spike of RM487.6mil on Wednesday. Besides that, the attrition level ranged between RM150mil to RM30mil with the lowest recorded on Thursday of RM36.2mil.

On a cumulative year-to-date, MIDF said the amount of net-selling from foreigners has further deepened to RM2.2bil in contrast to an inflow of RM6.47bil in April.

“However, compared to 2015, the outflow amount is still considered low as only RM8.6bil has been redeemed since April,” MIDF said.

It added that retail investors continued to be positive at RM476.7mil maintaining its levels in October. However, the buying on dips conviction fell last week to RM37.9mil.

Last week, Tenaga Nasional Bhd registered the highest net money inflow of RM40.09mil. However, its share price lagged with a -1.13% loss against the FBM KLCI which recorded a slight 0.10% gain during the week under review.

“It is notable that net money inflow amidst retreating share price may indicate a buy on weakness (BOW) stance among some investors,” MIDF said.

Fraser & Neave recorded the second highest net money inflow of RM6.88mil while Malayan Banking saw the third highest net money inflow of RM6.79mil.

On the other hand, Public Bank saw the largest net money outflow of RM46.37m last week. Nonetheless, its stock price outperformed during the review week with a 0.72% gain vis-à-vis a smaller 0.10% rise in the FBM KLCI.

“It is noteworthy that net money outflow amidst advancing share price indicates a sell on strength (SOS) stance among some investors,” MIDF said.

IHH Healthcare recorded the second largest net money outflow RM16.32mil during the week under review. Accordingly, its share price underperformed the market benchmark with a 0.16% weekly loss.

Petronas Chemicals registered the third largest net money outflow at RM13.27mil in the review week.

However, its share price outperformed with a 1.33% gain which may attract a SOS stance among some investors.

while talking the stock up as though its a "gem"..the so call "sifu" could also be selling, cutting losses etc

Mycron is a subsidiary of melewar

U can look at melewar as an indicator for mycron..
If melewar in trouble..sooner or later mycron will get hit..

Steel company in malai hard to compete with china or korea steel co..
Unless they tax on imports steel dumping will goes on..

From 3.8 (peg last time) to now 4.45..its getting worse..
Apa sudah jadi...

Icon is definately a conman..

Post removed.Why?

The drop is not severe yet
If it breaks 1500, then maybe all hell will break lose.

A lot of ppl miss optimus..this includes kyy & otb whom i m sure cant wait to see optimus soon..

Nice closing. But down 1.37%

As long as mr kangkung/m01 still there , it will likely get worse.

Malaysia's ringgit fell more than 1 per cent to a near 10-month low on Monday as most government bond prices extended losses, while investors remained cautious of possible measures by the central bank to defend the currency.

The ringgit slid to 4.3250 per dollar, its weakest since Jan 22, as of 0101 GMT. Malaysia's five-year government bond yield hit 3.707 per cent, the highest since February.

Bank Negara Malaysia on Saturday said the central bank was taking measures to re-enforce existing rules that are in place to prohibit facilitation of offshore trading of the ringgit

As long as mr kangkung still there & refuse to step down , things will just go from bad to worse..

Maybe thestar newspaper can write an article on this? So the authorities can investigate?

http://www.thestar.com.my/business/business-news/2016/11/12/rumpus-on-ringgit/
Business News

Home > Business > Business News

Saturday, 12 November 2016

Rumpus on ringgit

BY JAGDEV SINGH SIDHUandFINTAN NG

Currency chaos: A worker at a money changer in Kuala Lumpur holding US dollar notes while dealing with his client. Confusion and the lack of clarity on what the ringgit was trading at sent the spread between the ringgit non-deliverable forward market and the spot market further apart to the largest since April 2008.

 

IT was an odd morning yesterday when the value of the ringgit against the US dollar appeared stuck for some time.

The ringgit, which has been pounded the past couple of days since Donald Trump won the US presidential election, seemingly was not moving up or down. In time, word got around that traders were not providing transaction data or conducting ringgit transactions offshore. Furthermore, the ringgit was trading on a tight band based on a reference price of Thursday’s close against the US dollar.

The uncertainty created much volatility on the ringgit-dollar non-deliverable forward market where the prices swung throughout the day. Foreign investors who have been waiting for a quote on the ringgit were stumped when none was forthcoming after the market opened.

Confusion and the lack of clarity on what the ringgit was trading at sent the spread between the ringgit non-deliverable forward (NDF) market and the spot market further apart to the largest since April 2008, reports say. The value of the ringgit NDF at RM4.54 was the lowest against the US dollar in 12 years.

Furthermore, those wanting the buy physical US dollars from money changers were faced with gyrating and high values.

“The dollar rates changed about four to five times in a day and the spread between the buying and selling price was the widest I have seen,” says a money changer.

For those watching the ringgit’s movement against the US dollar, the fluctuations were causing anxiety.

Deep uncertainty over how US President-elect Donald Trump will act on economic and trade policies, coupled with investors adjusting their portfolios on expectations of US fiscal spending, hit the capital markets of the emerging economies yesterday.

The ringgit at one point slumped to a low of 4.411 against the US dollar in intraday trade and 5.548 against the pound sterling. The ringgit closed at 4.341 to the US dollar yesterday. On Tuesday, it closed at 4.201.

The 10-year Malaysian government securities yields rose to 3.969 from 3.654 on Wednesday, indicating that investors have been selling.

But the ringgit was not the only emerging market currency that felt the brunt of the selldown. The Indonesian rupiah too took a hit with a large fall against the US dollar. Most believe that US interest rates are on the way up as fiscal spending on infrastructure will lift inflation in the US, and interest rates will follow.

With US rates going higher, hot money had chosen to leave emerging markets, hence sending markets and currencies in many emerging markets downwards.

Dealing with NDF market

Bank Negara governor Datuk Muhammad Ibrahim says at a briefing on the country’s third-quarter economic and financial developments that there will be “no pegging” of the ringgit despite the currency’s slump in recent days. “It’s very important to allow the market to decide the level of the ringgit,” he says.

That is the ideal but should markets become volatile, then it is incumbent on the central bank to step in.

“The ringgit should not be determined by speculative positioning and in this respect, the non-delivery forward market is actually made for speculative positioning,” Muhammad says in answer to a question on whether or not the central bank has directed banks to freeze all derivatives and spot transactions in the wake of the ringgit’s slide.

“In some circumstances, the ringgit will be volatile and it is incumbent upon the central bank to basically show its presence in the market by asking banks to price the currency correctly so that it will not be out of sync with the market fundamentals,” he says.

Bank Negara in June announced that it intends to change the US dollar/ringgit reference rate where under the new methodology, the reference rate will be known as Kuala Lumpur USD/MYR Reference Rate.

Well if all this is true..Somebody shld investigate this. Exposing someones ic is unethical.and if that drive that person to commit suicide, its even worse.
Or if someone create fake account to claim that the deceased have "make peace" , that is even worse..

Why la...bully that person until he commit suicide?
Posting his ic is unethical & in my view gone a bit too far?
No matter how much an ass a person is but he is still a human being..
Anyway Kyy & otb may see optimus soon in heaven/hell one day.
Rip optimus..

Timetokoon needs to be careful? if nxt koon comes after you?