July 31, 2009

Corazon Dies

The heroine of the revolution is gone. She is no more.Toppling ironman Ferdinand Marcos was no mean feat but Corazon did it and avenged the death of her husband Benigno. With Corazon came people power to the Philippines. Many years later, the current sitting President, Gloria Arroyo Macapagal was to use the same means to get rid of Estrada. Filipino history has never been the same since Corazon.

She has her ups and downs. Her daughter,Kris was her pride who also caused her untold heartaches, as being a young renown starlet, Kris was to get involved in many trysts especially in Hong-Kong. Her rule as President also had alot of problems. Corruption and cessation violence in Mindanao continued during her times. We know she tried her best. It was just not easy.....

We say farewell to her in this blog. Adios! Magandang Babayee!

What A Joke!

This is just not acceptable! Could you believe this Straits Times Report that appeared on-line today?

Despite the state of the island state economy and the huge turnout at job fairs of late, gaming positions at Marina Bay Sands (MBS) are going a-begging.

Imagine, the integrated resort (IR) is struggling to fill the 4,500 places it has for croupiers, cashiers and slot attendants, among others.

It has hired only about 2,000 Singaporeans so far, and says it will have a last go at hiring here during a job fair to be held this weekend.Failing to fill the positions, it will be forced to look to foreign shores.

He said the toughest position to fill is that of croupier, a job for which the minimum qualifications are being above 21 years old, having manual dexterity, customer service and simple arithmetic skills, and no colour-blindness.

The starting pay is S$1,800 (RM4,320) before tips. Even training is provided by the company. Those with a talent for the job can rise to the position of shift manager, earning up to S$11,000 a month.

Other gaming jobs have similar salaries and career paths.

And yet, there are no takers.

Davie said this is the first time that the Las Vegas-based group has had so much trouble filling gaming positions. It had no problem at its home base or its Macau outfit.

The casino veteran said yesterday: “We felt we should have been able to fill the positions by now.”

He said MBS received thousands of applications for the 10,000 jobs on offer, but most were for other openings, such as waiters, marketing positions and housekeeping.

Some of those who did apply for gaming jobs were not serious about taking up the positions available.

The other IR, Resorts World at Sentosa, said it did not face such a problem and had started hiring earlier, according to its spokesman.

However, unlike MBS, which is trying to fill all its casino positions with Singaporeans, about 30 per cent of the Sentosa IR's hires for the dealer post so far are foreigners.

Davie put MBS’s hiring difficulties down to the fact that gaming is a new industry here and people may feel some trepidation about taking a job they know little about.

They may also have concerns about career progression, he said.

Halimah Yacob, the deputy secretary of the National Trades Union Congress (NTUC), agreed, saying that perhaps Singaporeans are scared of trying something new. There might also be some kind of stigma attached to working in a casino, she said.

Ang Hin Kee, chief executive officer of NTUC's Employment and Employability Institute, which is partnering MBS to screen Singaporeans for positions, said that many people have a misconception that the job requires skill and prior experience.

The idea of shift work is also less than appealing to some, he said.

Other analysts say the root of Singaporeans' reluctance to take gaming jobs could be down to pay: One industry insider said MBS’s dealers will get less than those in Macau, who get around S$2,300 before tips.

Over the years, some jobs here have had to be redesigned to attract Singaporeans, who have shunned them for pay, prestige or other reasons.

These jobs include work involving long, irregular hours, manual jobs, or having to deal with difficult customers.

The recession has taken a heavy toll on employment here.

The government's most recent labour market report showed that total employment fell by 6,200 in the first quarter of this year — the first quarterly contraction in nearly six years.

Manpower Minister Gan Kim Yong has said he does not expect a let-up in the jobless rate, which currently stands at 3.3 per cent.

For gaming analyst Jonathan Galaviz, a partner at tourism and gaming consultancy firm Globalysis, the low take-up rate for MBS’s gaming positions is puzzling.

He said more IRs will be coming up in the region soon, and Singaporeans should strike while the iron is hot.
“This will provide significant career opportunities over the next decade,” he said.

July 30, 2009

A Day at the Petronas Dagangan AGM

As Petronas Dagangan Berhad (PDB)was one of the better AGM to attend, I started early by LRT to the KLCC. On registration, I was given a breakfast pack. Great way to have your own packed breakfast without rushing for breakfast like hungry wolves as seen in most AGMs.Tea and coffee was free-flowing.

Took the opportunity to apply for Petronas Maybank Co-branded Visa Card and CIMB-Petronas Co-branded Visa as well. CIMB gave me an umbrella while Maybank gave me a journal and a pen. I also re-registered for my Mesra Petronas Loyalty Card.

It was a good meeting. PDB pays good dividend to its shareholders. It paid 33% for fiscal 2008. One of the Director which refused to agree to a suggestion that they franked out all the retained earnings as dividends to shareholders got a real good tongue-lashing. Poor China man-must have been a great accountant to be hired to sit on the PDB Board.

I also got two squeeze balls from Petronas for both me and Choo Peen. Good to practice palm and finger exercises to avoid rheumatoid attacks and carpal tunnel syndrome.

Lunch was very good. Cukup baik Petronas. Syabas!

AGMs This Week

I attended the AGM for Alliance Financial Group yesterday and TAHPS this afternoon. Alliance was a good meeting with an excellent presentation by Brigitte Lai. Meeting went on well. Breakfast was good but the packed lunch box was dismal.
The TAHPS meeting attracted not many members and proxies. After afternoon tea, the meeting started and ended by 4 pm. High tea was fine with mee-hoon, fried siew kao, cakes and fruits.

Both did not have any door gifts.

So please take note of this next year.

Do not Lie!

This is one great joke; a must read.

LIE DETECTOR!

John was a salesman's delight when it came to any kind of unusual gimmick.
His wife Marsha had long ago given up trying to get him to change.
One day John came home with another one of his unusual purchases.
It was a robot that John claimed was actually a lie detector.

It was about 5:30 that afternoon when Tommy,
their 11 year old son, returned home from school.
Tommy was over 2 hours late.

'Where have you been?
Why are you over 2 hours late getting home?' asked John.

'Several of us went to the library to work on an extra credit project,' said Tommy.

The robot then walked around the table and slapped Tommy,
knocking him completely out of his chair.

'Son,' said John,
'this robot is a lie detector, now tell us where you really were after school.'

'We went to Bobby's house and watched a movie.' said Tommy.

'What did you watch?' asked Marsha.

'The Ten Commandments.' answered Tommy.

The robot went around to Tommy and once again slapped him,
knocking him off his chair once more.

With his lip quivering, Tommy got up,
sat down and said, 'I am sorry I lied.
We really watched a tape called Sex Queen.'

'I am ashamed of you son,' said John.
'When I was your age, I never lied to my parents.'

The robot then walked around to John
and delivered a whack that nearly knocked him out of his chair.

Marsha doubled over in laughter, almost in tears and said,
'Boy, did you ever ask for that one!
You can't be too mad with Tommy.
After all, he is your son!'

With that the robot immediately walked around to Marsha
and knocked her out of her chair.

July 29, 2009

60% Projected Opening of Genting Sentosa Island

Genting Bhd's new casino resort in Singapore will start receiving guests in two-thirds of the facilities by early next year, including Southeast Asia's first Universal Studio theme park and the casino.It is aiming for 60 per cent overseas visitors, most of whom will come from Malaysia.

Other key target markets are China, India, Indonesia and Thailand. An estimated 12 million to 13 million visitors are expected to arrive in the first year at the resort on Sentosa Island, a stone's throw from the harbourfront Vivocity shopping mall. "By early 2010, a good 60-70 per cent will be opened.

We are talking about the Universal Studio, four hotels, part of Festive Walk, which is a dining and shopping area, and the casino," Robin Goh, assistant communications director of Resorts World at Sentosa Pte Ltd, told Business Times in an interview in Kuala Lumpur yesterday. "We would love to (open by Chinese New Year), but we don't have the date yet," he said.

The rest of the project, including the Oceanarium and two more hotels, will be ready in the following months. The company is ramping up publicity and marketing efforts to prepare for ticket sales which will start towards the year-end. As a prelude to the opening, a charity concert will be staged within the resort in December, Goh said.

Both the integrated resorts in Singapore are expected to open in the first three months of next year. Analysts are speculating that Resorts World, which started construction later, may be the first to open after Marina Bay Sands encountered some delays. Marina Bay Sands will probably open in either January or February, its executive director of sales Paul Stocker told Business Times separately.

Analysts believe that the two resorts will strive to start operations before Chinese New Year, which falls on Valentine's Day next year, to capture the peak period for the casino. Goh said that Resorts World had yet to decide the ticket price for the theme park or the hotel room rates, but was "mindful" of its pricing strategy to attract the crucial Malaysian crowd. It will probably bundle hotel stays with entrance fees, apart from the day ticket, two-day pass and annual pass.

"What is important is that Malaysian families must be able to see value for money in our theme park. "The proposition is that this will be the nearest Universal Studio among the four parks in the world, and it is a world-class facility and not a watered-down version. "There will be 24 rides in Singapore's Universal Studio compared with around 21 for the other destinations in Osaka, Japan, and Orlando and Los Angeles in the US.

Eighteen of the rides are built exclusively for the park in Singapore, Goh said. Among the highlights, a new Transformers ride will debut in Singapore, replacing the popular Spiderman three-dimension thrill ride which is already in all the three existing parks.

Shorter Trading Halt on Bursar

From August 3, 2009, the trading halt of stocks to disseminate material announcements by listed companies will be shortened to one hour from one trading session currently.

The move will apparently benefit listed companies as there will only be a minimal disruption of their securities from being traded.

Also, investors will benefit too from more trading opportunities as the suspension hours are significantly reduced.

A trading halt refers to a temporary halt in the trading of listed securities upon the release of information that has material effect on the price of the securities.

“A trading halt imposed when making material disclosure is important to enable investors adequate time to evaluate the company's announcements and make informed investment decisions,” said Bursa Malaysia Bhd’s chief executive officer Datuk Yusli Mohamed Yusoff.

He said shortening of the halt period would enhance market efficiency as trading interruption was kept to the minimum, and both the issuer and investor would benefit from being able to trade with minimal interruptions.

Currently, Bursa Malaysia requires listed companies to make material disclosures to the exchange and these announcements are posted on the exchange’s website, ensuring investors have continuous access to corporate information.

For example, the materials announcements made before the trading period starts (9am) as well as between 9am and 11am, a trading halt will be imposed for one hour from the time the material announcement is made.

Order entry and modification will be allowed during this time and the theoretical opening price (TOP) will be calculated, but no matching of trades will take place.

July 28, 2009

Joint Tenancy in Joint Bank Accounts?

Joint Tenancy? What concept is this?

I got this article from a friend. It is a MUST READ for Malaysians.


It happens in west Malaysia , husband and wife and 1 son. Husband pass away due to accident and husband has
a RM50k joint saving account with wife, what happen is
the
wife / like most ppl think, when husband pass away, she
will
get the money automatically since it is joint account.
But
to her surprise, She could not withdraw even a
single
cent!! Joint saving account is meant for convenience
when
spouse need it the most, but most ppl always assume
once
the other holder dies, another half will get the money
automatically
which is very wrong.

I
would
like
to share my opinion with all of you, you may take it
as
educational thoughts or for you to be aware. When one
person
dies, the other joint holder of the saving account
wll
get the
money automatically only if that particular bank
practise
'JOINT TENANCY' - this terms means one
party
die, the other joint party gets money
automatically.But
unfortunately,not all banks practise JOINT
TENANCY,
some foreign banks practise and most local banks
dont
practise, If you want to be sure, just ask ur bank is
their joint saving
account based on JOINT TENANCY, if it is
yes,
get the black and white.

Can
u all imagine, when husband pass away, the wife already
suffer
emotional loss, now suffering the problem of having
'NO
MONEY' although it is in join
account.Because
of husband ignorance, now
the wife and son
pay
for it.

1 UP for 1Malaysia Prime Minister

Najib has shown his human side today. He allowed the grieving Teoh family members to meet up with him today at his office. He furthermore assured them that he will personally see to it that the late Teoh Beng Hock's inquiry will be carried out according to the letter of the law.

The inquest will commenced tomorrow at the courts in Shah Alam.

Good for you, Mr PM; for you have shown the human side of yourself during the bereavement of the Teoh family. That's 1UP for 1 Malaysia.

Is Genting on a US Acquisition Trail?


Julie Goh gives an update on Genting in a Reuters report dated July 28,2009.

This is her report.

Malaysian conglomerate Genting Bhd could be placing a risky bet as it aims to take on U.S. casino giants Las Vegas Sands and Wynn Resorts to diversify from its monopoly home turf.

Genting, Asia's largest casino operator, is looking to expand at a time highly-leveraged U.S. rivals are barely meeting debt obligations and may turn to asset sales to stay afloat.

Genting's 3.2 percent stake purchase in MGM Mirage, the biggest operator on the Las Vegas Strip, in June has triggered market talk Genting could buy out MGM's stake in its Macau's business.

With more than $2 billion in cash and one of the strongest balance sheets in the sector, Genting might also be best placed to swoop on any casinos up for grabs in the United States.

But stiff competition in its new markets, still-struggling overseas businesses and a fragile global economy could derail the group's ambitious plans.

"Growth is limited in Malaysia and Singapore and they have money to spend. Now's probably the best time to actually buy something," said UBS analyst Alain Lai.

"Certainly, the returns aren't going to be as attractive as in Malaysia because Malaysia is a monopoly," he said.

The Genting Group earns more than 70 percent of its profits from local operations, but it has put for sale its non-core businesses of palm oil plantations, property and power generation, which together account for about 30 percent of revenue. Genting Bhd is the holding company for Genting Group.

Genting's international business, in particular Stanley Leisure, the U.K.'s biggest casino operator, have been hit by the economic downturn and stricter rules on smoking and gaming machines.

Genting's head of strategic investments, Justin Leong told investors in London this month the company wants to be one of the top three gaming players in the world and will be patient in executing its expansion strategy.

The group, which operates Malaysia's only casino, also owns Star Cruises, Asia's largest cruise operator. Genting was founded in 1965 by Lim Goh Tong who risked bankruptcy over seven years to build the group's gaming resort in Malaysia.

Genting's stock has surged 85 percent so far this year, driven by the resilient gaming market, helping it outperform a 35 percent rise in Malaysia's broader market.

MACAU OR LAS VEGAS?

Genting has been keen to grab a foothold in Macau, the Chinese gambling enclave, where gaming tycoon Stanley Ho's SJM Holdings and Las Vegas Sands hold a market share of 31 percent and 25 percent, respectively.

Other casino operators in Macau's $15 billion sector include Hong Kong's Galaxy Entertainment Group, Melco Crown, partly owned by Australia's Crown Ltd, Wynn Resorts and MGM.

Some analysts said Genting might be keen to buy MGM's stake in its Macau business if it is up for sale, but others say it may use the investment in MGM as an expansion platform, mirroring a similar move in the UK.

Genting's investment in MGM raised speculation the Malaysian group may buyout MGM's 50 percent stake in a joint venture with Ho's daughter.

The gambling hubs of Macau and Las Vegas are clawing out of a deep slump but a glut of new casinos might put more pressure on the industry.

"There is clearly an opportunity for strong firms to poise themselves to capture the momentum of the next economic upturn," said Jonathan Galaviz, a partner at Las Vegas-based consultancy Globalysis, referring to Genting's expansion plan.

Genting Singapore is building Singapore's second integrated resort, which starts operations early next year, and analysts expect this to one of the key drivers for earnings growth.

On a 2009 enterprise value to EBITDA ratio (EV/EBITDA), Genting trades around 8.6 times, lower than 14.0 times for Wynn, 19.7 times for Las Vegas Sands and 11.3 times for MGM, according to Bank of America-Merrill Lynch.

"We see the potential of the group raising up to US$3.9 billion in financing ... if one assumes a 60:40 debt equity ratio, Genting can target up global gaming assets of almost $7 billion," said Melvyn Boey, analyst at Bank of America-Merrill Lynch.

Regulatory concerns however remain a risk, analysts said.

In 2007, Genting and Star Cruises called off a proposed casino venture with Ho in Macau after pressure from Singapore's regulators.

July 27, 2009

What a Wonderful Idea!


I think those current leaders at CUEPACS have good heads above their shoulders. They have decided that the deduction service of civil servants be done in-house to generate money for their own internal programmes such as giving scholarships to their members' children. In this JPA has failed miserably. Civil servant children were not given any preference for JPA scholarships. Real rotters!Believe me employees of TNB or Petronas provide scholarships to their employees' children.Great idea, Cuepacs. Salute to you.

So now Angkasa is having a hell of a headache. On the face of losing a substantial sum of easy money, Angkasa, has asked for a comprehensive study to be carried out before any organisation is allowed to take over the monthly salary deduction service for government sector loans.

Angkasa general manager Nasir Khan Yahaya said Cuepacs' request to the Treasury to allow it to take over the monthly deduction service would put the future of the cooperative movement at stake.

"The government has the right to give the task to any organisation but a thorough study must be carried out on the impact and implications of such proposal," he said in a statement today.

Cuepacs secretary-general Ahmad Shah Mohd Zin was reported as saying that Angkasa was raking in some RM8.1 billion a year in commission by providing the deduction service for both the government and private sectors.

If the proposal is accepted, Cuepacs could earn about RM4 billion annually and it would be channelled back to the civil servants through a foundation in the form of scholarships, medical aid and grants, Ahmad Shah added. -

Nasir Khan said Angkasa would continue to protect the interest of 3,804 cooperatives and 6.5 million members from the public and private sectors. Koperasi Pendidikan Islam Malaysia Berhad chairman Mustapha Kamal Maulut has denied Cuepacs' claim that it was earning RM8.1 billion in commissions from the monthly salary deduction.

Angkasa is well-equipped to handle the transactions and so far there is no leakage in the system, he said in a statement.

July 26, 2009

Will the New Ticks Tick?

Equity investment: What is tick size and how do investors benefit

EQUITY investment strategies take account of many factors, including tick sizes which are set by a stock exchange.

Here is a primer on tick sizes and how investors benefit from a smaller value.

This educative article is in conjunction with the introduction of a smaller tick size which will be made available by Bursa Malaysia and is planned for implementation on Aug 3.

Equity investors rely a lot on research and information to forecast the potential price appreciation of a stock. This ranges from fundamental analysis of the company to a technical analysis of its historical price movements. There is also a little known indicator known as a spread that can be used by investors to gauge the near-term movement of a particular stock. A stock’s spread is closely influenced by a “tick size”.

Understanding Spreads. Every share that trades on the stock market has a best buy and a best sell price. The best buy price is the highest price in the order book placed by interested buyers for a specific share while the best sell price is the lowest price in the order book placed by interested sellers.

These two prices are determined by demand and supply, which can be seen as a negotiation process between two parties.

The spread is the difference between a share’s best buy and best sell price. The general belief is that a consistently large spread signals low volume for that respective stock.

On the other hand, a narrow spread can indicate that a transaction will occur soon. For example, a stock with a buy/sell price of RM10 and RM10.02 suggests that buyers and sellers are very close to making a trade. If the narrow spread continues, volume for the respective share is expected to be high. A wider spread means that greater changes in the share’s buy or sell price is needed before a transaction can conclude.
Tick Sizes in a Spread. The magnitude of a stock spread is influenced by the tick size or the minimum tick size structure.

This refers to the smallest allowable price variation between the buy and sell price of a stock. The spread of a share can narrow if the tick size is reduced.

In the past few years, many global stock exchanges reduced their permitted tick size as this initiative was found to boost liquidity and efficiency to the capital market as a whole.

To stay competitive and relevant, Bursa Malaysia is also implementing a smaller minimum tick size for all shares and exchange traded funds (ETFs) trading on the local market. Under the new structure, a share with a buy price under RM5 will have a new tick size of 1 sen instead 5 sen. This means, interested buyers or sellers of this respective stock can now enter a buy or sell price of 1 sen instead of 5 sen.

The equity ETFs on the main board also benefit from a smaller tick size. Smaller tick sizes encourage active trading as there are many benefits for retail investors (see box story).

The reduction of tick size is expected to attract more trading volume due to improved opportunities as investors now will have more choice of entering or exiting the market just by smaller trading ticks. In short, this reduction of tick sizes will enable price discovery, leading to a positive impact on market liquidity.

In respect to the bidding price for buying-in, the exchange will retain the 10 ticks. Arising from this, the buying-in price will be based on the current tick sizes instead of the new tick sizes to ensure that the buying-in price is attractive to potential sellers.

How Attractive is a Casino in Singapore?

Just how attractive is a casino in Singapore according to industry projection?

From the forecast of the Marina Bay Sands, they can recouped USD5.5 billion in a couple of most, at most.

The Marina Bay Sands, the US$5.5bil integrated resort in Singapore, will compete with Gentings Resorts Sentosa in 2010. This project is expected to open in January or February.

According to a spokesman,The Marina Bay Sands Resort would be cashflow positive within the first couple of months of operations come 2010.For the Las Vegas Sands group, the Marina Bay Sands is the most expensive “casino” in the stable.

The iconic development features three 55-storey hotels that will have a 375m long SkyPark on the top of the hotels.

The spokesman added that, “A higher percentage of Marina Bay's business will come from non-gaming operations compared to Macau today. Over the future we expect Macau to change its percentage as the Cotai Strip gets more built up. Marina Bay Sands will be more typical of Las Vegas than Macau is today,” he said.

The Marina Bay Sands Resort is expected to complement Genting’s Resorts World at Sentosa even though they are in friendly competition to an extent.

The spokesman of the Marina Bay Sands Resort opined, “I think Genting is a significant addition. I like the idea. I know it sounds strange liking Genting there because I think it’s going to help the overall tourist attraction base to Singapore itself,” he said.

He said that the promotional activity by both integrated resorts would only help and their respective themes and features would be enough to differentiate one from another.

“From a marketing perspective, Sentosa will be more a family-orientated resort than we will. There will be some meeting and small MICE competition."

“From a competition standpoint and from the business travel, there will not be a significant amount of competition."

“There is a very big difference between the two places,” he said, adding that competition would be limited to the VIP and premium players at their respective casinos.

Marina Bay Sands when fully opened, expects the 50,000 and 75,000 people to be on its premises daily.

It would go as high as 100,000 people on certain days. The visitors to the Macau Venetian is roughly 65,000 people a day.

Marina Bay Sands is counting on attracting a large number of visitors from Malaysia, Indonesia, India and Thailand.

After spending USD 5.5 billion, imagine they can get the money back within a couple of months! A mother lode to print money, that is!

So imagine, how much Genting Resorts at Sentosa will be raking in,especially in 2H, 2010? Your guess is as good as mine.

Best to buy some Genting International or put some money into Genting Berhad and Genting Malaysia which is traded on Bursa in Malaysia.

40 Things You May Not Know

These are the 40 things.

1. Money isn't made out of paper; it's made out of cotton.

2. The 57 on Heinz ketchup bottle represents the varieties of pickle the company once had.

3. Your stomach produces a new layer of mucus every two weeks - otherwise it will digest itself.

4. The Declaration of Independence was written on hemp paper.

5. The dot over the letter 'i' is called a "tittle".

6. A raisin dropped in a glass of fresh champagne will bounce up and down continuously from the bottom of the glass to the top.

7. Susan Lucci is the daughter of Phyllis Diller.

8. A duck's quack doesn't echo ... no one knows why.

9. 40% of McDonald's profits come from the sales of Happy Meals.

10 Every person has a unique tongue print (no licking at the scene of a crime!).

11. 315 entries in Webster's 1996 Dictionary were misspelled.

12. The 'spot' on 7UP comes from its inventor who had red eyes. He was albino.

13. On average, 12 newborns will be given to the wrong parents daily.

14. During the chariot scene in 'Ben Hur' a small red car can be seen in the distance.

15. Warren Beatty and Shirley MacLaine are brother and sister.

16. Chocolate affects a dog's heart and nervous system; a few ounces will kill a small sized dog.

17. Orcas (killer whales) kill sharks by torpedoing up into the shark's stomach from underneath, causing the shark to explode.

18. Most lipstick contains fish scales (eeww)..

19. Donald Duck comics were banned from Finland because he doesn't wear pants!

20. Ketchup was sold in the 1830s as medicine.

21. Upper and lower case letters are named 'upper' and 'lower' because in the time when all original print had to be set in individual letters, the 'upper case' letters were stored in the case on top of the case that stored the smaller, 'lower case' letters.

22. Leonardo da Vinci could write with one hand and draw with the other at the same time.

23. Because metal was scarce, the Oscars given out during World War II were made of wood.

24. There are no clocks in Las Vegas gambling casinos.

25. The name Wendy was made up for the book Peter Pan, there was never a recorded Wendy before!

26. There are no words in the dictionary that rhyme with: orange, purple, and silver!

27. Leonardo Da Vinci invented scissors. Also, it took him 10 years to paint Mona Lisa's lips.

28. A tiny amount of liquor on a scorpion will make it instantly go mad and sting itself to death.

29. The mask used by Michael Myers in the original "Halloween" was a Captain Kirk mask painted white.

30. If you have three quarters, four dimes, and four pennies, you have $1.19. You also have the largest amount of money in coins without being able to make change for a dollar.

31. By raising your legs slowly and lying on your back, you can't sink in quicksand.

32. The phrase "rule of thumb" is derived from an old English law, which stated that you couldn't beat your wife with anything wider than your thumb.

33. American Airlines saved $40,000 in '87 by eliminating one olive from each salad served in first class.

34. The first product Motorola started to develop was a record player for automobiles. At that time, the most known player on the market was the Victrola, so they called themselves Motorola.

35. Celery has negative calories! It takes more calories to eat a piece of celery than the celery has in it to begin with. It's the same with apples!

36. Chewing gum while peeling onions will keep you from crying!

37. The glue on Israeli postage stamps is certified kosher.

38. Guinness Book of Records holds the record for being the book most often stolen from Public Libraries.

39. Back in the mid to late 80's, an IBM compatible computer wasn't considered a hundred percent compatible unless it could run Microsoft's Flight Simulator game.

40. Astronauts are not allowed to eat beans before they go into space because passing wind in a space suit damages them.

You may not know all of them but certainly it was fun. Don't you agree?

Maxis Comes Home

Ananda Krishnan did some mental acrobatics and hi-jink gymnastics.

He took Maxis private in 2007 and sold some percentage to the Saudis. He then went for an Indian sub-continent adventure in telecommunication acquisition hoping to increase Maxis footprint in India.

Now, he has been called back to do national service. Get Maxis back into Bursa! This was the call from the then Deputy Prime Minister in January 2009.

A self-made billionaire who controls Maxis Communications, Tanjong Plc, Measat and Astro,he dropped the bombshell in 2007 to take Maxis private and almost instantly raised eyebrows of millions of investors. Many Maxis investors back then were furious with the privatization plan simply because it disrupted their long-term investment plan – good dividend from a good organic-growing and well-managed telecommunication company. Ananda offered RM15.60 per share (inclusive of RM0.30 per share dividend) for all the minority shareholders, a 20% premium to the last-traded price of RM13.00 a share before the announcement to take the company off the stock exchange.

The 71-year-old media mogul is also reportedly toying with the plan to buy English football club Newcastle United for £80 million, a deal which is just loose change to the tycoon. Ananda, whose family originates from Jaffna, Sri Lanka, is the third wealthiest man in Southeast Asia behind Robert Kuok and Ng Teng Fong and was reported to be the wealthiest Tamil in the world. His purchased of 46% of Maxis Communications from British Telecom and AT&T for $680 million thus raising his stake to 70%. This was his greatest coup after acquiring Tanjong Plc.

To many of the ex-shareholders, Ananda was too cunning for them. He decided to take Maxis private more even though he had promised shareholders a bright future during its pre-listing. Once he got his cache of cash, he booted them out.

Apaprently, the tycoon was said to be sulking because the stock price did not reflect the actual value of the company hence the privatization. Compared with government-controlled Telekom Malaysia (KLSE: TM, stock-code 4863) (mobile player Celcom was part of Telekom) and Telenor’s DIGI.com Berhad (KLSE: DIGI, stock-code 6947), Maxis was traded at the lowest P/E price to earnings ratio. However, investors preferred Maxis because DIGI.com was too expensive while Telekom was too crappy then.



There were also other speculations as to why this sudden exit from the local and institutional’s funds took place.

Just like Genting Berhad, Ananda was said to be cautious with the previous Badawi’s weak and his auto-pilot administration. The local telco market was already reaching saturation level and it was none other than DIGI.com that was the leader in “price-canabalizing” which frustrated Maxis very much then.

Ananda was desperate to get out and be free to relocate elsewhere. India looks promising then. Ananda became obsessed with India and Indonesia markets. He was impatient and wanted to immediately used the cash horde to make his mark in those 2 markets.

Unfortunately, his foray into India and Indonesia was short of his expectations. His voyage into Indonesia viz PT Natrindo Telepon Selular and to India via Aircel Ltd as well as on Sri Lanka’s soils were not easy particularly in India due to this Jaffna Tamil roots.


Now, we see an intended re-listing in the local Kuala Lumpur Stock Exchange possibly by year end 2009.The unseen hand had turned visible in the form Prime Minister Najib. Najib wants Maxis to come in to scoop the available monies in the market. So what is Ananda going to do with his foreign operations|?

Maxis commanded about RM40 billion in market capitalization before delisting from KLSE and that means Ananda is flush with cash.

But why re-list now when Maxis was adamant to pull out two years ago? Could there be an agreement between Maxis and the Malaysian government to create a win-win solution? A sanctioned move?

Let us look at teh Indian scenario.

Lara-Dutta-Aircell-MumbaiMaxis may be a darling company but Ananda has learnt that it’s still a long journey to make it big in India’s market. Maxis plans to invest $5 billion more in its Indian joint venture, 75% stake in Aircel Ltd., and to expand the mobile service provider's network after spending $5 billion for the current fiscal year ending Mar 31. With the ambition to offer 3G in India, Maxis’s needs huge amount of money and every billion of dollars count so where else do you seek funds if not from Malaysians?

Competition is tough in India – while Maxis was trying to establish its foot-print, player such as Bharti is already talking about a merger of its India’s Airtel and South Africa’a MTN (largest cell-phone operator in Africa), creating the world’s third largest telco in terms of subscribers. Bharti Airtel and competitor Reliance Communications have been cutting each other’s throat in their fierce fight for subscribers.

Most Indians who can afford cell phones have already signed up with Airtel, Reliance or other rivals but with the cheapest rates in the world, the fight is for the rural customers. Just to build new towers to win low revenue customers who may generate $10 a month in is already tough for a big player like Airtel who has about 100 million Indian customers, what more to newcomer Maxis Communications?

In order to survive the harsh environment especially in the 3G market naturally Maxis has to turn back once again to Malaysian investors for funds – and there are lots of it, as investors move funds out of fixed deposit accounts because of the current low interest regime.

The other sceanrio is PM Najib is having a tough time convincing foreign investors to park their hot money in Malaysia despite the much trumpeted 30% stake abolishment (certain sectors only) in mandatory Bumiputra stake. But most foreign investors are adopting wait-and-see attitude towards the latest news due to the frequent flip-flop in government policies favouring the affirmative policy. Such flip-flops will continue to make investors look elsewhere to invest particulalry to Sri Lanka, Vietnam and China.

The Maxis re-listing will provide that much needed fillip to boost morale on the Bursar.Thus, as the story goes, Najob hopes to use Maxis as a strategy to pull on foreign investors.

Let us assume, Maxis is fast-tracked to re-list in December 2009. Will investors be equally excited to buy in at the price offered in 2002 with the IPO price of RM4.85 a share for institutions and RM4.36 for retail players?

Obviously Maxis cannot demand the same valuation for the listing since the risk factors have increased since then. But barring any sudden tumble in Dow Jones now is perhaps the best time to test the water with the Maxis re-listing story.

So far, local IPOs have been very disappointing and Maxis may be the only candidate to reverse that. Again, another party to benefit from Maxis re-listing is definitely PM Najib’s own brother, Nazir Razak, because the underwriter for such a massive IPO (speculated in Oct 2009) is none other than CIMB Investment Bank.

So is Maxis back with a revenge to play Round 2 as Axiata strengthens up under Khazanah? Remember under Azman Mokhtar,Axiata is no longer as crappy; nor will Telenor be giving up its DIGI market share anytime soon.

Maxis must be prepared to accept a Johnny-come-lately role now that home players have smartened up.

Fun and Photography

ESPECIALLY FOR THOSE WHO ARE INTERESTED IN PHOTOGRAPHY! ONE HAS TO BE VERY SPECIFIC IN ONE'S INSTRUCTIONS!

There is not one dirty word in it, and it is still extremely funny. ..

The Smiths were unable to conceive children and decided to use a surrogate father to start their family. On the day the proxy father was to arrive, Mr. Smith kissed his wife goodbye and said, "Well, I'm off now. The man should be here soon."

Half an hour later, just by chance, a door-to-door baby photographer happened to ring the doorbell, hoping to make a sale. "Good morning, Ma'am", he said, "I've come to..."

"Oh, no need to explain," Mrs. Smith cut in, embarrassed, "I've been expecting you."

"Have you really?" said the photographer. "Well, that's good. Did you know babies are my specialty?"

"Well that's what my husband and I had hoped. Please come in and have a seat"

After a moment she asked, blushing, "Well, where do we start?"

"Leave everything to me. I usually try two in the bathtub, one on the couch, and perhaps a couple on the bed. And sometimes the living room floor is fun You can really spread out there."

"Bathtub, living room floor? No wonder it didn't work out for Harry and me!"

"Well, Ma'am, none of us can guarantee a good one every time. But if we try several different positions and I shoot from six or seven angles, I'm sure you'll be pleased with the results."

"My, that's a lot!", gasped Mrs. Smith.

"Ma'am, in my line of work a man has to take his time. I'd love to be In and out in five minutes, but I'm sure you'd be disappointed with that."

"Don't I know it," said Mrs. Smith quietly.

The photographer opened his briefcase and pulled out a portfolio of his baby pictures. "This was done on the top of a bus," he said.

"Oh, my God!" Mrs. Smith exclaimed, grasping at her throat.

"And these twins turned out exceptionally well - when you consider their mother was so difficult to work with."

"She was difficult?" asked Mrs. Smith.

"Yes, I'm afraid so. I finally had to take her to the park to get the job done right. People were crowding around four and five deep to get a good look"

"Four and five deep?" said Mrs. Smith, her eyes wide with amazement.

"Yes", the photographer replied. "And for more than three hours, too. The mother was constantly squealing and yelling - I could hardly concentrate, and when darkness approached I had to rush my shots. Finally, when the squirrels began nibbling on my equipment, I just had to pack it all in."

Mrs. Smith leaned forward. "Do you mean they actually chewed on your, uh...equipment?"

"It's true, Ma'am, yes.. Well, if you're ready, I'll set-up my tripod and we can get to work right away."

"Tripod?"

"Oh yes, Ma'am. I need to use a tripod to rest my Canon on. It's much too big to be held in the hand very long."

Mrs. Smith fainted!!

The message:

Language must be understood in its context.Are you laughing?

The Wry Wisdom of the Kamasutra


Maharishi Vatsyayan in his magnum opus "Kamasutra" has defined SEX is .............

"Duty", if done with your Wife.
"Art", if done with your Lover.
"Education", if done with a Virgin.
"Business Transaction", if done with a Prostitute.
"Social Work", if done with a Divorcee.
"Charity", if done with a Widow.
&
"Sacrifice", if done on your own.

Well said.

July 25, 2009

Less Funny More Outrageous

These pictures sent by my friend from Shanghai sure is not that funny but outright outrageous!

See it for yourself!



Maxis Nudged to Re-list on Bursar

It took no less that a forceful nudge in the rib-cage from the in-coming PM for Ananda to be aroused from his private financial sleep to consider a re-listing of Maxis on Bursa. That was January 2009. Now they, are telling that perhaps in December they may come in.

Reuters have this report on 26 July on this call-back to national duty.

Maxis, Malaysia's top mobile phone operator, could re-list by the end of the year following government calls to boost liquidity on the local exchange, a top business weekly reported today.

The Edge, citing unidentified sources close to the company, said the funds used from floating the company's Malaysian operations would be used to expand business in India and Indonesia.

"That's an option that's being seriously looked at. (A listing by year end) is possible, if regulatory approvals go smoothly," one source said.

Prime Minister Datuk Seri Najib Razak on Wednesday said he had asked Maxis to re-list on Bursa Malaysia to boost liquidity and draw in investors to the Southeast Asia's most laggard stock market so far this year.

Maxis said it would take into consideration what the premier had said when deciding on the timing to relist.

"When Maxis was privatised and de-listed in 2007, the stakeholders articulated the possibility of a re-listing of the company after internal re-structuring, some time in the future," the firm said in a statement issued later today.

The firm was de-listed by reclusive tycoon Ananda Krishnan, who controls 75 per cent of Maxis. The rest is owned by state-owned Saudi Telecom Co Ltd.

Maxis' market capitalisation stood at around RM39 billion before it was taken private, Reuters data showed, and the new listing is expected to give the company an enterprise value of RM40 billion, the report said.

Only plantation conglomerate Sime Darby and the Southeast Asian country's biggest bank, Maybank, have higher market capitalisation at RM47.5 billion and RM45.2 billion respectively.

So is Ananda heeding the call of the Pipe-piper? Likely so. But through which of his public vehicles? Tanjong, Measat or Astro?

Time will tell as all these three counters go flying up as they are buoyed by market rumours.

The Passing on of a Malaysian Legend

Yasmin Ahmad, the film director that dared to cross the racial divide in her literary works has gone. She passed on late yesterday night (25 July).

Malaysians from all walks of life are proud of her. She left us a priceless legacy in film and advertisement works that thrived on the themes of love, family ties and comedy against the backdrop of multiracial Malaysia. She was a true Malaysian.

Born in Bukit Treh, Muar, Johor on July 1 1958, Yasmin, who graduated in psychology from Newcastle University, United Kingdom, had won local and international creativity awards.

She began her career as a copywriter with Ogilvy & Mather before joining Leo Burnnett as joint creative director in 1993 and rose to become its creative executive director until her death.

She was married to Abdullah Tan Yew Leong.

Her creativity could be seen in many Petronas’ commercials and evoked emotion of the viewers, especially during the Aidilfitri celebration which would certainly be missed by viewers this year.

In the film industry, Yasmin, however, drew much controversy in view of her openness and boldness in analysing social issues.

She has been targeted by critics since her first movie, “Rabun” was screened in 2003 followed by “Sepet” (2004), “Gubra” (2006), “Mukhsin” (2006), “Muallaf” (2008) and Talentime (2009).

But she also earned rave reviews for “Sepet” which won the Best Film Award and the Best Original Screenplay Award at the Malaysian Film Festival 2005. “Sepet” also bagged several international awards, namely the Asian Film Award at the Tokyo International Film Festival 2005, the Grand Prix Award at the Creteil International Women’s Film Festival in the same year.

“Gubra” won the Best Screenplay award at the Malaysian Film Festival 2006.

“Muhsin” won the Generation kplus – Best Feature Film and the Deutsches Kinderhilfswerk Grand Prix award at the Berlin International Film Festival. “Mukhsin” also won the Best Asean Film at the Cinemanila International Film Festival 2007.

“Muallaf” won the Asian Film Award – Special Mention at the Tokyo International Film Festival 2008.

While leaving indelible marks at home, Yasmin’s movies gained international recognition as they were shown in Berlin, San Francisco, Singapore and at the Cannes Film Festival.

We will remember Yasmin always.

Poking Fun at Mount Rushmore

Just for a laugh, is there more to the the august-looking past US presidents on Mount Rushmore?

Do they have a 'backside'?

The following two perspectives will let you snicker!!!


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Human Wafers


Soylent Green continues to thrill inspite of its dated production in 1973. A dystopian science fiction movie, it depicts a future in which overpopulation leads to depleted resources, widespread unemployment and poverty. Real fruit, vegetables, and meat are rare and commodities are expensive and reserved only for the very powerful and rich.

Much of the population survives on processed food rations, including " soylent yellow" and "soylent green" wafers.

New York City police detective Robert Thorn (Charlton Heston) with the help of an elderly police researcher Sol Roth (Edward G. Robinson) investigated the brutal slaying of a wealthy businessman named William R. Simonson (Joseph Cotten). Thorn and Roth uncover clues which pointed to something more sinister. That Soylent Green was made from human flesh!


The film, which is loosely based upon the 1966 science fiction novel "Make Room! Make Room" by Harry Harrison, won the Nebula Award for Best Dramatic Presentation and the Saturn Award for Best Science Fiction Film in 1973.

As a movie, it is at once shocking and unnerving.

Superb acting by Charlton Heston and Edward G Robinson.

Good movie to watch again and again.

Mamee-Double Decker (M) Berhad

Value Investing in the KLSE has now recommended Mamee-Double Decker (M) Berhad, (Mamee) an investment holding company that engages in the manufacture and marketing of food and dairy products, and soft drinks primarily in Malaysia, the People's Republic of China, Myanmar, and other Asian countries.

The company currently manufacture products such as instant noodles, snacks, dairy products, chilled products, beverages, and confectionery. It also exports a range of products, including yogurt, cultured milk, fruit juice, instant noodles, snacks, and beverages to countries in Asia, the Middle East, Africa, the Americas, Europe, and Oceania. In addition, the company engages in the development of commercial buildings; and provides advertising contractor and agent services, as well as information systems management and motor vehicle rental services.

Mamee is currently selling at RM2.46 per share at P/E 6.6. In 1Q2009,it made RM10mil which is almost 2.5 times compare to 1Q2008. By analysing historical earnings,Mamee is expected to make 30 mil this year (compared to RM20 mil for previous years)

Its balance sheet continues to be very strong.It holds about RM51 mil in cash with no long term debt.Its current ratio is 2.88 and quick ratio is 2.26.Historically,it gave about 6% dividend yield.

There are a few possibilities on how Mamee will utilize its cash horde.

1) Make acquisition to enhance cashflow. Recently it acquires Charmille Pte Ltd (Charmille) which is a company involved in the precision engineering industry in the Asia Pacific for more than 25 years. This type of business has some synergy element in manufacturing and trading business.

2) Buy back shares if the share price is undervalued.Mamee has been buying back its shares since a few months ago.Hence,it's downside is pretty small.

3) Take over target. Mamee is a good take over target by Pang's Family or other companies.But Pang's family,which own around 70% collectively of Mamee may not takeover Mamee since these owners are in their 50s already.Thus,Mamee may be taken over by other companies.

Mamee has net asset per share of 2.46 and based on current share price,it is selling at RM210 million for the whole business. Stripping the cash of RM51mil away,the whole business is selling at RM160 mil.By estimating a net profit of RM30 mil this year,the actual P/E is 5.3

At share price of RM 2.46,investors are getting a good bargain for a defensive company with further growth prospect such as Mamee.

Buy in Mamee if it weakens appreciably.

July 24, 2009

The New One -Sen Tick


Yes, these must be desperate times!

Ranked as the worst performing stock market in a recent survey, Bursa KL is scratching its head on how to improve the volume of shares traded as well as to make it attractive to foreigners.

So one way to attract volume they thought will be to implement the one-sen tick.

From Monday, 27 July 2009, you will see shares being quoted with a one-sen difference across the board.

In the past, if share prices were below RM1, they would be quoted in 1/2 sen to 1 sen difference. When it is above RM1 to RM4.99, it would be quoted with a 2 sen difference. From RM5.00, it was quoted at 5 sen intervals and above RM10-with a 10 sen difference. Shares above RM50 such as BAT will be quoted with a 50 sen difference.

Do you think more shares will be traded with the one-sen tick in place or for that matter; will foreign investors be beguiled to trade with a vengeance on Bursa because of this petty difference from Monday onwards?

Come Monday and we will know.

Tanjong Plc AGM


Today was Tanjong Plc's AGM.

After fumbling at the registration counter, I finally got registered at the H-L counter. They were generous-a door-gift of RM50 gift voucher tenable at any food outlet except the Wasabi Japanese outlet, was given to both shareholders and proxies. Guess the Japanese guys thought they were exclusive and want the riff-raff out of the way!

They also gave shareholders and proxies two complimentary tickets to Tanjong Village cinema shows.

As for the breakfast, there was satay and timsum besides the regular fare. As usual human crows flew in and played ( including gate-crashers)the grabbing game and tahpau all the satays and timsum.

I have to contend myself with a plate of meehoon and fried rice, a piece of martabab,bread pudding and fruits.

Even the drink stations ran out of cups and tea. I was fortunate to have a cup of bitter coffee.

What an AGM! A lady was busy taking photos of the mad rush as old ladies grab at timsum trays!

Something must be done about these human parasites. The PR Department of Tanjong must come out with a fresh new way to control such wanton behaviour from recurring.

July 23, 2009

Clumsy Parody of the Lost World

Rick, Marshall, a crazy scientist who studies time warps enters the Land of the Lost, a parallel dimension where the present and the past collide.

It is supposed to be funny but it fails badly in that department. The whole story revolves around how Rick Marshall got into the Lost World via a cave, lost his time machine and the need to get back to the real world. In the movie, we see the ludicrous and onerous ways he has to use to get it back; fighting and befriending a T. Rex, having a monkey man in his team, escaping from the pterodactyl hatchery and clashing with the lizard people.

This is one movie with Will Farrel in the lead and yet if fails miserably. Anna Friel supports Will as the doctoral student.

Do What I Say, Not What I Did

Lee Wei Ling is the daughter of Lee Kuan Yew and sister of the current Prime Minister of Singapore.

Here is a story of why she stayed single which was published in the Sunday Times on 5 April 2009.

It makes interesting reading though you may feel she remotely harbours a tinge of regret for not being married when talking about the happy family lives of her two brothers.

This is her story in her own words.

My father became Prime Minister in 1959, when I was just four years old. Inevitably, most people know me as Lee Kuan Yew’s daughter.

My every move, every word, is scrutinised and sometimes subject to criticism. One friend said I lived in a glass house. After my father’s recent comment on my lack of
culinary skills, another observed: ‘You live in a house without any walls.’

Fortunately, I am not easily embarrassed.

As long as my conscience is clear, what other people say of me does not bother me. Indeed, I am open about my life since the more I try to conceal from the public, the wilder the speculation becomes. My father said of my mother two weeks ago: ‘My wife was…not a traditional wife. She was educated, a professional woman… We had Ah Mahs, reliable, professional, dependable. (My wife) came back every lunchtime to have lunch with the children.’

Actually, my mother was a traditional wife and mother. She was not traditional only in one respect: She was also a professional woman and, for many years, the family’s main breadwinner.

One of my mother’s proudest possessions is a gold pendant that my father commissioned for her. He had a calligrapher engrave on the pendant the following characters: ‘xian qi liang mu’ and ‘nei xian wai de’.

The first four characters mean virtuous wife and caring mother. The second four mean wise in looking after the family, virtuous in behaviour towards the outside world.

My mother lived her life around my father and, while we were young, around her children. I remember my mother protesting gently once about something my father had asked her to do.

‘It is a partnership, dear,’ my father urged. ‘But it is not an equal partnership,’my mother replied.

The partnership may not have been exactly equal at particular points in time. But over the years, especially after my mother’s health deteriorated after she suffered a
stroke, my father was the one who took care of her. She clearly indicated she preferred my father’s care to that of the doctors’, in itself a revelation of the quality of his care.

He remembers her complicated regime of medications. Because she cannot see on the left side of her visual field, he sits on her left during meals. He prompts her to eat the food on the left side of her plate and picks up whatever food her
left hand drops on the table.

I have always admired my father for his dedication to Singapore , his determination to do what is right, his courage in standing up to foreigners who try to tell us how to run our country.

But my father was also the eldest son in a typical Peranakan family. He cannot even crack a soft-boiled egg - such things not being expected of men, especially eldest
sons, in Peranakan families.

But when my mother’s health deteriorated, he readily adjusted his lifestyle to accommodate her, took care of her medications and lived his life around her. I knew how much effort it took him to do all this, and I was surprised that he was able to make the effort.

If my parents have such a loving relationship, why then did I decide to remain single?

Firstly, my mother set the bar too high for me. I could not envisage being the kind of wife and mother she had been.

Secondly, I am temperamentally similar to my father. Indeed, he once said to me: ‘You have all my traits - but to such an exaggerated degree that they become a disadvantage in you.’

When my father made that pendant for my mother, he also commissioned one for me. But the words he chose for me were very different from those he chose for my mother.
On one side of my pendant was engraved ‘yang jing xu rui’,which means to conserve energy and build up strength. On the other side was engraved ‘chu lei ba cui’, which means to stand out and excel.

The latter was added just for completion. His main message was in the first phrase, telling me, in effect, not to be so intense about so many things in life.I knew I could not live my life around a husband; nor would I want a husband to live his life around me. Of course, there are any number of variations in marital relationships
between those extremes. But there is always a need for spouses to change their behaviour or habits to suit each other. I have always been set in my ways and did
not fancy changing my behaviour or lifestyle.

I had my first date when I was 21 years old. He was a doctor in the hospital ward I was posted to. We went out to a dinner party. I noted that the other guests were all rich socialites. I dropped him like a hot potato.

In 2005, while on an African safari with a small group of friends, one of them, Professor C.N. Lee, listed the men who had tried to woo me. There were three besides the first. Two were converted into friends and another, like the first, was dropped.

I am now 54 years old and happily single. In addition to my nuclear family, I have a close circle of friends. Most of my friends are men. But my reputation is such that their female partners would never consider me a threat. More than 10 years ago, when there was still a slim chance I might have got married, my father told me: ‘Your mother and I could be selfish and feel happy that you remain single and can look after us in our old age. But you will be lonely.’

I was not convinced. Better one person feeling lonely than two people miserable because they cannot adapt to each other, I figured.

I do not regret my choice. But I want to end with a warning to young men and women: What works for me may not work for others.

Many years ago, a young single woman asked me about training in neurology in a top US hospital. I advised her to ‘grab the opportunity’.

She did and stayed away for eight years. She returned to Singapore in her late 30s and now worries that she may have missed her chance to get married.

Fertility in women drops dramatically with age, and older mothers run the risk of having offspring with congenital abnormalities.

Recent studies show also that advanced paternal age is associated with an increased risk of neuro-developmental disorders in offspring, such as autism and schizophrenia,
not to mention dyslexia and a subtle reduction in intelligence. Men can also suffer from diminished fertility with age although there is wide individual variation.

I would advise young men and women not to delay getting married and having children. I say this not to be politically correct. I say it in all sincerity because I have enjoyed a happy family life as a daughter and a sister, and I see both my brothers enjoying their own families.

Wei Ling is currently the Director of the National Neuroscience Institute in Singapore.

Interesting reading, don't you think?

Breakfast at McDonald's

This is a good story and is true.

I am a mother of three (ages 14, 12, 3)and have recently completed my college degree.

The last class I had to take was Sociology.

The teacher was absolutely inspiring with the qualities that I wish every human being had been graced with.

Her last project of the term was called, 'Smile.'

The class was asked to go out and smile at three people and document their reactions.

I am a very friendly person and always smile at everyone and say hello anyway. So, I thought this would be a piece of cake,literally.

Soon after we were assigned the project, my husband, youngest son, and I went out to McDonald's one crisp March morning.

It was just our way of sharing special playtime with our son.

We were standing in line, waiting to be served, when all of a sudden everyone around us began to back away, and then even my husband did.

I did not move an inch.... an overwhelming feeling of panic welled up inside of me as I turned to see why they had moved.

As I turned around I smelled a horrible 'dirty body' smell, and there standing behind me were two poor homeless men.

As I looked down at the short gentleman, close to me, he was 'smiling'.

His beautiful sky blue eyes were full of God's Light as he searched for acceptance.

He said, 'Good day' as he counted the few coins he had been clutching.

The second man fumbled with his hands as he stood behind his friend. I realized the second man was mentally challenged and the blue-eyed gentleman was his salvation.

I held my tears as I stood there with them.

The young lady at the counter asked him what they wanted.

He said, 'Coffee is all, Miss' because that was all they could afford.

(If they wanted to sit in the restaurant and warm up, they had to buy something. He just wanted to be warm.)

Then I really felt it - the compulsion was so great I almost reached out and embraced the little man with the blue eyes.

That is when I noticed all eyes in the restaurant were set on me, judging my every action.

I smiled and asked the young lady behind the counter to give me two more
breakfast meals on a separate tray.

I then walked around the corner to the table that the men had chosen as a resting spot. I put the tray on the table and laid my hand on the blue-eyed gentleman's cold hand.

He looked up at me, with tears in his eyes, and said, 'Thank you.'

I leaned over, began to pat his hand and said, 'I did not do this for you. God is here working through me to give you hope.'

I started to cry as I walked away to join my husband and son. When I sat down, my husband smiled at me and said, 'That is why God gave you to me, Honey, to give me hope.'

We held hands for a moment and at that time, we knew that only because of the Grace that we had been given were we able to give.

We are not church goers, but we are believers.

That day showed me the pure Light of God's sweet love.

I returned to college, on the last evening of class, with this story in hand.

I turned in 'my project' and the instructor read it.

Then she looked up at me and said, 'Can I share this?'

I slowly nodded as she got the attention of the class.

She began to read and that is when I knew that we as human beings and being part of God share this need to heal people and to be healed.

In my own way, I had touched the people at McDonald's, my son, the instructor, and every soul that shared the classroom on the last night I spent as a college student.

I graduated with one of the biggest lessons I would ever learn.

Ain't this one a real touching story?
Now that all the 3.3 billion units of the ASM has been fully subscribed, rumours abound that the government will open a further tranche of Amanah Saham Wawasan 2020 (ASW)for public subscription.

For the uninitiated, ASW was launched in 1996. All Malaysians can subscribed for these units.

There are two types of accounts. For adults aged 18 years and above and the Youth Accounts for those aged 6 months to below 18 years old.

The unit price is RM1.00. The minimum unit allowable is one unit and purchases are thence subscribed in multiples of 1,000. The minimum for those using EPF is RM1,000.

Thus far, there is no maximum imposed. The sale of ASW units will be stopped once the offer units are depleted. The current fund stands at RM14 billion units. There is no cooling-off period. Once subscribed, it is considered sold.

Interestingly, there is no sales nor redemption charge. Payment is done on the spot when you sell your units.

The financial year-end of ASW is August 31.

For the years ending 2006, 2007 and 2008, the dividend pay-out has been impressive at 6.8%,8% and 7%.

These rates are better than the paltry 2.5% for fixed deposits offered by commercial banks currently.

So, hop on the bandwagon if this sale is true.

July 22, 2009

Total Recall-Schwarzenegger's Yesterdays

Based on a short story by Philip K. Dick, "We Can Remember For You Wholesale",Total Recall continues to be an engaging movie.

The year is 2084. Douglas Quaid is a construction worker. Every night Doug has been having horrible nightmares about the planet Mars and it has become an obsession.Doug goes to "Rekall INC", a company that simulate false memories of ideal holidays. When Doug has a false memory of a holiday on Mars implanted, it all goes terribly wrong.

Doug has lost his memory and he is being chased by a group of assassins and his beautiful wife Lori is a agent who claims his whole life is a fake and he isn't who he is. After discovering he is Hauser, a former Mars Intelligence agent, Quaid goes to the colony on Mars, hoping of find himself.

He then meets a woman named Melina who was the woman in his dream. Together they wreaked havoc on Mars and saved the planet from destruction.

The eye candy, Sharon Stone and Rachel Ticotin impresses. Arnie in his younger days was more punchy. Not like today where he is only paunchy!

Good movie.