An aged write-up on Peter Lim. That might shed some light on the basis of his investments, which are for long term:

https://ezinvest.wordpress.com/2010/07/04/peter-lim-and-investment/

Cheers.

http://www.bloomberg.com/news/2015-01-07/oil-at-40-means-boon-for-some-no-ice-cream-for-others.html

QR before/by 28 Feb 2015.

https://sg.news.yahoo.com/price-fall-push-oil-industry-sharp-recession-205558762.html

Might be worth a read when we consider the Company's exposure in China's property sector:

http://www.bloomberg.com/news/2015-01-06/kaisa-raises-who-s-next-query-as-chief-exits-hurt-china-credit.html

http://www.bloomberg.com/video/developer-s-troubles-fuels-china-default-concerns-ik1q0dgfRGO16hvB0PS7Mg.html

http://www.bloomberg.com/news/2015-01-05/janus-gross-sees-no-rate-increase-until-late-2015-if-at-all-.html

http://www.bloomberg.com/news/2015-01-06/bill-gross-calls-it-2015-is-going-to-be-terrible.html

http://www.bloomberg.com/news/2015-01-05/janus-gross-sees-no-rate-increase-until-late-2015-if-at-all-.html

http://www.bloomberg.com/news/2015-01-06/bill-gross-calls-it-2015-is-going-to-be-terrible.html

@slm7212: Good to take a break. :)

greetings, slm7212. Been a while. :)

1MDB....just a joke. Cheers, folks. :)

No prob, SJ. I hope all other fellow investors are ok at the end of the day. :)

SJ: I think the article is more geared towards those off-shore activities that tend to be high maintenance. The write-downs would mean the changes in value in what I denote as the economic recoverable reserves of the oil fields in the books of the affected companies, and that affects their overall net worth and consequently valuation. I would consider that the oil fields not in Sumatec's books somehow a blessing, avoiding this impairment exposure.

Turning off the tap? This is a real tough one as to-date we have no further operational updates except that in last Q3 announcement the workover program is on track to achieve the target number of oil wells. Considering that there is no shelf life for crude oil and the general presumption of the lower cost of onshore production per barrel in Sumatec's context, I leave it to everyone's conclusion.

Layman view. Just trying to piece things together. :)

No worries, oxygen. All from Google. Just plug, twitch and play. Cheers. :)

http://www.bloomberg.com/news/2015-01-05/oilfield-writedowns-loom-as-market-collapse-guts-drilling-values.html

@oxygen: The maximum coverage is RM 250K (principal + deposit) per depositor per member bank. So now you can split your wealth in all member bank with a limit of 250K per bank, and in that manner you are perfectly hedged. :) For best advice, consult you personal wealth manager. :)

Good morning, folks.

@richkid: I wonder how intensive is the grilling, especially when we consider the key personnel chairing the 1MDB proposition? I am concerned for folks who are also exposed to CIMB and RHB who are the lenders granting the 1-month extension.

Deposits would be safe, I believe, under the PIDM coverage.

Hope everyone's ok. Cheers.

Good morning, folks.

http://www.proactiveinvestors.co.uk/columns/sprott-s-thoughts/17553/oil-analyst-lehman-brothers-of-oil-could-be-major-oil-producers-not-us-frackers-17553.html

http://m.tengrinews.kz/en/laws_initiatives/Kazakhstan-bans-fuel-export-258196

Siva! Been a while, my friend.

@andychucky28: Here you go:

http://www.worldaudit.org/corruption.htm

@metawong: A recent example would be in Japan where the consumption tax was anticipated to be increased from 8% to 10% in 2015, and which saw a slowdown in their domestic consumption, prompting the Government to defer the hike to 2017.

GST could potentially slow down the local domestic consumption after roll-out, as domestic consumers like us would bear the additional 6% without being able to claim back as input taxes alike that of GST-registered companies.

Right across the causeway the GST was rolled out back in 1 April 1994 on a reasonably strong economic foundation. Let's keep fingers crossed that the same happens.

GST: Goods & Services Tax, otherwise known as value-added tax or consumption tax in the context of Japan.

GST delay? Don't think it is possible. Where is the funding for the infrastructure projects gonna come from, and especially when oil prices present an additional challenge to the party in administration?

steady, rapidbeginner. You would be ok.

Take it as it comes, littlefeet. :)

Have a good evening, folks.

Have a good evening, folks.

An aged article...still applicable? :): https://ph.news.yahoo.com/phl-malaysia-lead-asean-growth-till-2015-says-081813340.html

Does Barclays need to issue a revised opinion now? :)

2015 mark the year where Malaysia assume the ASEAN chairmanship baton from Myanmar, and the roll-out of the AEC towards the end of 2015. Seems that the leaders have quite a bit of expectations to meet and to ensure that the economic structure is reasonably abled to roll out the GST this coming 1 April 2015.

@metawong: I think I might understand you from a theoretical standpoint..EMH?

http://www.bloomberg.com/news/2015-01-06/saudis-raise-price-of-main-oil-grade-for-asian-buyers.html

http://www.bloomberg.com/news/2015-01-05/deepening-oil-rout-seen-forcing-norges-bank-rate-cut.html

@Fardar Chye: Simon84 is the legitimate starter of the lead post. I am just a passer-by saying hi to my virtual friends here.:)

I believe he welcomes active participation so all can learn and navigate ourselves better in the market.

The other reason on why I think you would be welcome is your nick, full of prosperity and all of us need it (Huat Ah!), literally.:)

Cheers.

http://www.bloomberg.com/news/2015-01-06/saudis-raise-price-of-main-oil-grade-for-asian-buyers.html

@simon84: No prob. It is good to have healthy exchanges of info be it here or anywhere else. I learn much from you and everyone else so let's keep it going. Cheers.

@simon84: No problem. Just noticed that you had initiated a lead post here so I just popped by to say hi to a friend, and some friends here too. :)

China had made known their accelerated spending of some USD 1 trillion in key infrastructure projects in 2015, and this might help to maintain/sustain the going forward PMI.

It is foreseeable that weakening oil prices would add pressure to the DJ, as observations from the last few months conclude that there is a positive relationship between oil prices and the heavy weight energy stocks over at their part of the world.

Saudi Arabia had cut back their oil discounts to their Asian customers based on latest news. Their 2015 budget had came under fire from their royalties, and with all these in mind let's keep our fingers crossed that we see braking gestures from them to address the weakening Brent prices, and their due consideration of other OPEC members like Venezuela who had reportedly sought help directly from China recently. We might see (hopefully) cut-backs in the shale arena, as production becomes not economically viable in view of prevailing prices.

Overall, I would think that the market remain cautious to make commitments. I was told by my peers that BNM had initiated action collectively with the financial institutions to address the weakening ringgit, though not mentioned in specifics.

Hope everybody's ok. Unfortunately the 2 minyak kindergarten kids are still toying with one another...hope we see the cane soon, yeah?

@esl_22: I can feel your 'virtual love' for Sumatec. :)

@simon84: Latest PMI (China) was reported at 53.4 over forecast 52.8 (HSBC services). I think this is also one of your observing indicators. Cheers.

http://www.bloomberg.com/news/2015-01-06/biggest-oil-rig-drop-since-2009-spells-tough-year-ahead.html

http://www.bloomberg.com/news/2015-01-06/saudis-raise-price-of-main-oil-grade-for-asian-buyers.html

Good morning, folks.

Good morning, folks.

Thank you, Sir. Please loop me at ninglaobay88@yahoo.com

Have a good evening, folks.

Have a good evening, folks.

@esl_22: I believe there appears to be some nexus connection between both accountants. No point speculating. Time would/could tell.

@clp72: I share the same sentiment, based on prior encounters.

@esl_22: That announcement relates mainly to PDZ, but you would see that the gentleman had a couple of 'consistencies' with Halim: 2 NZ chartered accountants who had served Renong previously. :)

http://klse.i3investor.com/blogs/valueinvestorresearchklse/67720.jsp

An alternative perspective on the fateful non-approved flight. Seems like the across-the-causeway Aviation Authority said otherwise:

http://www.straitstimes.com/news/asia/south-east-asia/story/airasia-flight-qz8501-caas-says-approval-surabaya-singapore-flight-w

Not vested here. Just sharing info.

Rather interesting. The flight control centre over at Surabaya allowed the plane to take flight while 'knowingly that there is no existing approval to fly'?

Hope fellow investors are ok. May the passengers rest in peace and strength be with the affected families.