August 31, 2009

More Smash Thieves than Snatch Thieves!

What snatch thieves? These are daylight robbers.Snatch thieves are opportunistic and they just wait for a chance to make off with your handbags or sling bags. Not these!

These days they are on the watch-out for lady drivers in small compact cars.When the cars come to a traffic stop, they will act!They will quickly break your window with a hammer or anything hard like a helmet.




Normally armed and wielding a threatening samurai sword length parangs,the robbers will ensure you do nothing to stop them while they relieve you of your bags and other valuables. As ladies panicked easily, they are oftentimes in shock to react.

The advice given these days by the police is: Do not put your hand-bags or sling bags on the seats of cars. Put them all into your booth or at the bottom of the seats.

Will the Real Spiderman, please climb up?


Alain Robert is the icon of all climbers. He has scaled 85 giant structures around the globe including many of the world's tallest structures, most of which he scaled using only his bare hands and climbing shoes.




How did his so-called climbing career started?

Forgetting his house keys one day,Robert simply scaled the exterior wall of his parents' eighth-floor apartment to his home. He compounded his skill by scaling rock cliffs in the area around his home.





No doubt, we hear mostly about his successes.But fell he did on two occasions.In 1982 he suffered two accidents, the first at the age of 19 and the second at the age of 20. He suffered multiple fractures and suffered from permanent vertigo. The doctors considered him 60 percent handicapped and told him he would not be able to climb again. However, within 6 months he was climbing again. He kept taking on more and more challenging structures and improving his skills. He polished his rock- climbing skills in the French Alps before turning his focus to buildings.

The buildings that Robert has scaled successfully include Eiffel Tower,Sydney Opera House, Montparnasse Tower,the Petronas Twin Towers in Kuala Lumpur;Sears Tower in Chicago; the Marriott Hotel in Warsaw;Luxor Obelisk in Place de la Concorde, France;National Bank of Abu Dhabi, UAE;Taipei 101,Cheung Kong Centre in Hong Kong; Europa Tower in Vilnius;Torre Vasco da Gama in Portugal; Santa Fe World Plaza in Mexico City;Abu Dhabi Investment Authority, Jin Mao Building in Shanghai;
the Federation Tower office building in Moscow;Portland House building in London;Four Seasons Place in Hong Kong;New York Times Building in New York City; and Lloyd's building in London.

He has also successfully scaled the 1,518 metres (4,980 ft) Tianmen mountain to promote tourism for the provincial authority in China.

He was caught again scaling the Petronas Twin Towers this morning. This time he conquered the full height of the Twin Towers. Bravo! (1 September 2009).He was subsequently arrested and jailed for a night and then fined RM2,000 for trespass.

This man is a respected hero in his own way. He is the only SPIDERMAN. Forget that comic character!

Nicolekiss-A Blogger to Kiss for...




I am pasting this small entry from Jojo's blog, hoping she does not mind. I will take it off, if I should so much as hear a pip from her

At a shoot covering Project Alpha showcasing competitive bloggers, Jojo came across this dazzling blogging beauty. Apparently she is "a long term" resident of Sunway Resort Hotel. I am obviously as curious as Jojo when her name is Nicolekiss! Seems she wrote for THE STAR.


When asked, the genesis of this strange sounding name, Nicolekiss tells that it is not the sort of kiss that people oftentimes associate with.Definitely not the smooch on pretty lips! She says hers is more of the Hershey kisses kind. God knows, what she meant......Jojo informs us from her blog that Nicolekiss is a lover of chocolate! As usual, curious Jojo wondered how does Nicolekiss stayed so slim!


Nicolekiss, there is more to chocolates, I am sure that keeps your slim and supple in spite of chocolates! Pray tell what is the antidote. Exercise regime, strict diet apart from chocolates, and beauty sleep?

Nicolekiss is a great traveler. She has amazing videos from all over the world. She's been to so many countries and gets paid as a blogger to write about her travels. What a cool job!I wonder whether she has any favourite drooling romeo currently at her feet!


How do you like Nicolekiss? Fetching?

Caution on Aspirins

While many are advised to take a low dose of aspirin to prevent the occurrence of heart attacks,a current British study has found that for healthy people, taking one a day to ward off heart attacks could be dangerous.Healthy people taking a daily dose of aspirin to prevent heart attacks may be doing themselves more harm than good,so say scientists say.

British researchers has now found that the risks of bleeding from taking aspirin in routine use in healthy people "cannot be supported" - although they did not dispute its use in patients with a history of vascular problems.

The results of the Aspirin for Asymptomatic Atherosclerosis (AAA) study add to a long-running debate about whether the potential dangers of taking aspirin could outweigh the benefits from reducing the risk of clots.

"We know that patients with symptoms of artery disease, such as angina, heart attack or stroke, can reduce their risk of further problems by taking a small dose of aspirin each day," said Professor Peter Weissberg, medical director of the British Heart Foundation which helped fund the research.

"The findings of this study agree with our current advice that people who do not have symptomatic or diagnosed artery or heart disease should not take aspirin, because the risks of bleeding may outweigh the benefits."

The study was led by Professor Gerry Fowkes from the Wolfson Unit for Prevention of Peripheral Vascular Diseases in Edinburgh, Scotland, and presented at the European Society of Cardiology Congress in Barcelona on Sunday.

It involved 3,350 men and women aged 50 to 75 years whose tests reveal a condition where the arteries in their legs were furred up - but who had no symptoms of heart disease or history of heart attack.

They were given either a daily 100 mg dose of aspirin or a placebo (a dummy pill) and monitored over eight years.

While there was no difference in the number of heart attacks, strokes and other cardiovascular events suffered, major bleeding occurred in two per cent of the aspirin group compared to just 1.2 per cent of the placebo group.

So looks like the jury is still out there though we need more positive research findings to help them reach a conclusive verdict.

Scenes at the Pasar Ramadan at Kelana Jaya

Yesterday, I went to the Kelana Jaya Pasar Ramadan. This is actually a make shift cooked food market catering for the breaking of fast for Muslims in Malaysia. All sorts of food and drinks are on sale. Specialty foods from Kelantan, Johor, Kedah and other states are all in great demand.




Compare to the last year Pasar, prices have gone up nearly 25%. Have a look at some of the pictures I took at this market. They tell a story especially unique of the Malaysian demography.

August 30, 2009

Closing a Dark Chapter

Today marks the closure of Australia's involvement in that much tragic Vietnam War.

Her last two servicemen missing in action from the Vietnam war have begun their final journey home.

Family members and former comrades farwelled Flying Officer Michael Herbert and Pilot Officer Robert Carver today in Hanoi, Vietnam, and are escorting their remains back to Australia aboard an RAAF plane.

They're due to arrive at the RAAF Richmond Base in Sydney's northwest tomorrow morning at 10.30 (AEST).

The remains of Officers Herbert and Carver were found near Vietnam's border with Laos last month. They had been missing in action since the 1970s after their plane crashed.

August 29, 2009

Reading Materials-Four Stages of Life

This 4-piece cartoon screams out at us.

How true.

If you are in your forties now, you can reflect back on the times where everything was not important except for the funny pages. Then the sports pages beckon as you jockeyed to be a jock and not a geek or a nerd at school and college. Once you join the work-force and mosey up the ranks on the corporate ladder, news became the central interest. After 60, obituaries are the first pages you would turn to. Who has died? Your relatives, friends, colleagues or enemies? Do you feel saddened or do you gloat at their demise?

Ahoy there! Big Brother speaking here.................

It started with an incursion into territorial waters in oil exploration in the Ambalat Block. Then Manohara escaped from a hotel in Singapore to tell the world of the atrocities inflicted upon her by a Malaysian prince.Then there was last month's bombing of two hotels in Jakarta where the mastermind was purportedly a Malaysian terrorist now at large somewhere in Indonesia. Then it was a A brouhaha in Indonesia over Malaysia’s usage of the Balinese pendet dance in a tourism commercial. Today they went for the bullet! They are asking how the Malaysian anthem seems to sound like their song “Terang Bulan” (Moon Shine).

Wow, Big Brother in Nusantara is not letting up!

Malaysia's answer as usual was scripted. They summarily apologized for the use of the Balinese dance but said the mistake was made by a third party who was paid by Malaysia’s Tourism Ministry to produce the commercial. What bunkum and another political blooper! The Malaysian embassy in Jakarta tried to soothe frazzled nerves by playing the lawyer. It issued a statement: “Nobody in Malaysia claimed that the pendet dance originated in Malaysia.”

But that is not the end of the story.

A report in yesterday’s Jakarta Globe newspaper quoted an executive from a state-owned recording company asking why Malaysia’s national anthem “Negaraku” sounded like the Indonesian song “Terang Bulan” (Moon Shine).Ruktiningsih, the head of recording company Lokananta, urged the Indonesian government to act on the “violation of intellectual property rights”.“We have to unite against Malaysia, as they keep stealing Indonesia’s assets,” he added.

An Internet search found that both songs do indeed share the same roots. Malaysia acknowledges as much on a government website detailing its monarchy system.

The song “Terang Bulan” comes from a popular French melody in the Seychelles, which spread to the Malay archipelago in the early 20th century.It was adopted as Perak’s state anthem in 1901. And in 1957, it became the national anthem for Malaysia with the lyrics changed.

This tangle is just one of many controversies between the neighbours. Indonesians see Malaysia as appropriating their cultural assets, while Malaysians say these have been part of their culture for as long as anyone can remember.

The controversies include batik designs and the popular “Rasa Sayang” ditty. The neighbours have also not settled overlapping claims in the oil and gas-rich Ambalat area in the Sulawesi Sea.

What next, you may ask?

August 28, 2009

A John School?

It was a John Doe if a corpse cannot be identified. Now, we have a John School.

Let us read the following story. Real eye-revealing one at that.

The accused came from all walks of life: Retirees, dads and twenty-somethings. An engineer, a business owner and an auto worker. A man in a wheelchair. Men in need of Spanish or Farsi translators.

About 40 men somberly entered a classroom on a recent Saturday morning. About half of them wore shiny wedding bands.

All had tried to buy a prostitute's services and were caught by police. It was their first offense, and a county court referred them to a one-day programme interestingly called the John School. It's a programme run by volunteers and city officials in conjunction with Magdalene House, a non-profit that works to get prostitutes off the streets.

"Prostitution doesn't discriminate," said Kenny Baker, a cognitive behavioural therapist who is the programme's director. "Most of these men don't have a prior criminal history, so our goal is to help these folks understand why they put themselves in a bad position, to prevent it from happening again."

Set in a church in Nashville, Tennessee, the John School is led by former prostitutes, health experts, psychologists and law enforcement officers who talk to — and at times berate — the men about the risks of hiring a prostitute.

Prostitution is based on the law of supply and demand. The thinking is: Women won't stop selling sex until men stop buying.

So Nashville and a growing number of cities are shifting their focus from locking up suppliers to educating buyers. Across the country, about 50 communities are using John Schools. Atlanta, Georgia, and Baltimore, Maryland, are among dozens more cities that plan to launch similar programmes by the end of the year.

"It will make them [offenders] see that this is not a victimless crime, and they are contributing to the exploitation of women," said Stephanie Davis, policy adviser on women's issues at the mayor's office in Atlanta. "It's hurting them, the man, and it's hurting their families and its hurting the community."

Experts add that easy accessibility to prostitutes and pornography on the Internet are feeding the problem.

In most communities, prostitution has been a one-sided battle focused on the women who offer sex. Their customers, when they are arrested, are usually cited for a misdemeanour and fined.

By comparison, prostitutes are often charged with more severe sentences and jailed for months, depending on the offense.

But in Nashville, the johns' faces are shown on a police website.

For decades, Nashville battled prostitution by arresting women on the streets and through stings. Still, the problem persisted, irritating business owners and residents.

In the early 1990s, Nashville's mayor helped launch the John School with the help of the Magdalene House, public defenders, prosecutors and police officers. Nashville became one of the first major cities in the US to focus on the customers, predominantly men.

Only first-time offenders who solicit an adult are eligible for John School. Johns who pick up minors are not eligible and face much tougher sentences.

"If you get caught again and you get me, I will guarantee to put you in jail," warned Antoinette Welch, a local prosecutor, in speaking to the men in the class. "I've had men cry to me that they will lose their jobs or their wives, but you're all grown up and you make your own decisions."

The men listened carefully as Welch talked about their records; many had not yet told their wives or significant others about their arrest.

If the john pleads guilty, pays a US$250 fee and completes the course without re-offending, the charge can be dismissed after a year. The money paid by the john goes to Magdalene House; the programme doesn't cost taxpayers any money. John School models in other communities may differ.

A woman who called herself Alexis, a 35-year-old former prostitute with dark hair and bright blue eyes, spoke to the men as the class came to an end. Four years ago, she left the streets and now works at a factory.

By the age of 10, Alexis had learned to barter with sex with her stepfather. In her 20s, she found herself hooked on drugs and selling her body. She was arrested more than 80 times. She was hospitalized after someone shot her on the job.

As she told her story, the men were silent. A few blushed, while others stared at the floor.

"These gentlemen are no different than I was on the streets," she said. "I think everyone has to look at the void they are trying to fill."

One john, a father of two with salt-and-pepper hair, found himself near tears after Alexis spoke. In July, he tried to pick up a prostitute through Craigslist. He said he was depressed and having problems with his wife.

"I'm so embarrassed," he said. "These girls are somebody's daughters. I have a daughter."

Some evidence suggests that John Schools are working. A study released in 2008 by Abt Associates Inc for the federal government looked at the John School programme in San Francisco, California. It's one of the largest programmes in the country; more than 7,000 johns have attended since 1995.

According to the study, the re-arrest rate fell sharply after the school was launched, and stayed more than 30 per cent lower for 10 years afterward.

But critics call John School a slap on the wrist. On Saturday, one john abandoned the classroom.

Carol Leigh, a member of the Sex Workers Outreach Project, a group that promotes legalising prostitution in California, said she doesn't believe the programme is an effective deterrent. Last year, she helped advocate on behalf of a law known as Proposition K that would legalise prostitution in San Fransisco. The proposal was rejected by the city.

"John School doesn't do that much," said Leigh, who has worked as a prostitute. "The reality is they aren't spending that much time on the johns and they will just go to other venues. This also doesn't target the violent offenders who are the real problem."

Melissa Farley, head of the non-profit group Prostitution Research and Education in San Fransisco, believes johns deserve stronger punishment like longer prison sentences.

A recent study she conducted among johns in Chicago, Illinois, found that 41 per cent of them said John School would deter them from buying sex, compared with 92 per cent who said being placed on a sex offender registry would scare them from re-offending.

Nashville officials said they haven't tracked recidivism rates in their city, but the school's programme director said it's probably deterring a third of the offenders in each class.

At least one college educated, 47-year-old john's attitude appeared to change on a recent Saturday.

After class he wrote, "There is no good part. I would rather be with my wife. This was quick but it wasn't worth it."

So, do you think a John School can help in reducing the problem of prostitution addiction in your country if implemented?

August 27, 2009

Idris Jala 's Star is Rising Faster than MAS

Has PM Najib found the perfect Sarawakian to include into his Cabinet?

Yesterday (27 Aug 2009), Idris Jala, The CEO of MAS, was appointed a minister in the Malaysian Cabinet. As a perfectionist and profesional, PM Najib expects a surgery job from Idris on his non-performing cabinet members. That he inherited the bulk of the Cabinet from the former premier meant plenty of nasty work has to be done by Idris, without fear or favour.

As November approaches, PM Najib will review his Cabinet line-up and dropped those he agreed with Idris, off the precipice! There are many from UMNO that needs replacement. For Najib,a man of vision and mission, he will stop at nothing to achieve his global vision of bringing back Malaysia into the ranks of the democratically run governments, excelling in bringing wealth to his people.

Making Idris to focus on a narrow portfolio of oversighting Key Performance Index (KPI) will make him a man to fear both from the Cabinet ministers, senior civil servants and GLC heads. For many the holiday may just be over, particularly those helming GLCs and overstaying civil servants.

The time has surely come for Najib to make his mark. He does not need all those dead duck albatrosses hanging on his neck.

For the next three months, Idris will be the MAN OF THE HOUR!

Is Mercury Rising for Genting Malaysia?


Will this news propel Genting Malaysia to yet another height?

Ian C. Sayson from Bloomberg has this to report.

Aug. 28 -- Philippine billionaire Andrew Tan and Star Cruises Ltd. will today open their $700 million Resorts World Manila, which may more than double the city’s casino revenue.

“Our expectation is this will contribute to earnings within the first year of operations,” said Kingson Sian, president of Alliance Global Group Inc., the holding company of Tan, the Philippines’ fourth-richest person. “We believe in the potential of Philippine tourism.”

The venture, Travellers International Hotel Group Inc., will open the first floor of a three-level casino at a complex that will include hotels and a shopping mall. Resorts World Manila may earn 21 billion pesos ($430 million) in gambling revenue next year, compared with the city’s 17 billion pesos in 2008, according to Macquarie Group Ltd. analysts.

“This can create a lot of buzz and attract regional players into the Philippines,” said Manila-based CLSA Ltd. analyst Raffy Manalaysay. “It can help the government to get its casino project moving.”

Alliance Global rose 5 percent to 5.10 pesos yesterday in Manila trading, boosting its gain this year to 193 percent. Star Cruises’ Hong Kong-traded and Singapore-listed shares have more than tripled.

The resort will draw 11.1 million visitors and raise $315 million in gambling taxes over three years, Sian said.

On earnings, it is estimated that Travellers Hotels and Casino will make 6.41 billion pesos in net income next year on espected sales of 23.04 billion pesos, Macquarie analysts Nadine Javellana, Edward Ong and Alex Pomento said in an Aug. 10 report. The company’s profit will reach 7.44 billion pesos in 2011 on revenue of 25.02 billion pesos, they added.

Sian declined to comment on Macquarie’s forecasts.

The participation of Star Cruises will allow the project to tap the cruise operator’s network of more than 2.5 million customers, he said. Star Cruises operates casinos on its ships.

The resort will provide bus services for Filipinos living outside Manila, Sian said.

“The whole idea for this kind of investment is to grow the market and not grab from the existing businesses,” he added. We have a product that we can market for tourists to come in a big way. This is not just a casino.”

The project, occupying part of a former military camp near Manila’s airport, will have three hotels with 1,574 rooms, a 30,000 square meter (323,000 square feet) casino and a 30,000 square meter shopping mall.

The resort’s casino will have 300 tables and more than 1,000 slot machines by the end of the year, when all three floors will be ready, Sian said. The 100 tables that will be ready today already make it the Philippines’ biggest casino.

On Asia’s gambling boom, Philippine Amusement, the casino regulator and state-owned casino operator, owns four casinos in Manila with a total of 293 tables, according government data. Pagcor Pavilion, the state-owned company’s biggest casino, has 92 tables. The opening of Resorts World Manila is another step in the Philippines’ effort to tap Asia’s gambling boom. The casino resort could gain a 2 percent share of revenue earned from high rollers in Asia, estimated at $10.9 billion, the Macquarie analysts said.

Macau, the only city in China where casinos are legal, surpassed the Las Vegas Strip as the world’s biggest gambling hub in 2006. In Singapore, Las Vegas Sands Corp. is building the Marina Bay Sands casino resort, estimated to cost more than $5.25 billion, to compete with the S$6.6 billion ($4.6 billion) project being built by Malaysian casino operator Genting Bhd.

Travellers is one of four groups that won approval last year to build hotels and casinos within the $20 billion Pagcor City on Manila Bay, a project of the government’s Philippine Amusement & Gaming Corp. Sian said Travellers may start building its share of the project as early as next year. The venture last year committed to spend $1.1 billion to develop 91 acres in Pagcor City into a complex of hotels with 3,400 rooms and a theme park.

Star Cruises is controlled by Genting and its Chairman Lim Kok Thay, according to data compiled by Bloomberg. Genting shares have gained 78 percent this year.

Can we cystal ball gaze the potential price of Genting and Genting Malaysia when this project come on steam? Any ball park prices?

GDP Q2-Better than Expected!

The Malaysian economy contracted only 3.9 per cent in the second quarter of 2009. This was much better than market expectation of minus 5.1 per cent.

The smaller than expected contraction was a major improvement over the country's Q1 shrinkage of 6.2 per cent. With the latest numbers, the central bank summed up the economy retreated 5.1 per cent in the first half of the year.

Compared with other Asian economies, stimulus packages announced by Prime Minister Najib showed little sign of kicking in, with public consumption growing just one per cent.

Manokaran Mottain, an economist with the Arab-Malaysian Banking Group while saying that "it's an impressive performance, given that most of us thought it would be worse,” added the figure seems to suggest that the pump-priming stimulus money has not made the desired effect upon the economy.

The better than expected performance shows that Malaysia, like the rest of Asia, is exhibiting “green shoots”.Kuala Lumpur must certainly be worried about the economy's seeming lack of response to Najib's stimulus packages announced as far back as March.

The GDP figures, released by the central bank yesterday, showed the economy's better performance was driven largely by services (1.6 per cent) and construction (2.8 per cent).

Manufacturing was hit hardest, shrinking 14.5 per cent in Q2 after a Q1 decline of almost 18 per cent. This is not good.

Equally worrisome was the Malaysia 's export performance. Output shrank 17.3 per cent, while imports registered a 19.7 per cent correction. Bank Negara attributed this to “weak external demand”.

Surprisingly, the central bank provided no figures for investment — neither public nor private — although it did say total consumption grew 0.6 per cent in Q2, after contracting 0.2 per cent in Q1.

Inflation continued to fall. In July it dipped 2.4 per cent, allowing the central bank to keep interest rates low and conducive to growth. On Monday, the bank maintained its overnight policy rate at a historic low of 2 per cent. And with near-deflation persisting, it is likely to keep rates low until the second half of 2010.

“We expect a gradual recovery,” central bank governor Zeti Aziz told a news conference. The economic contraction in 2009 will be smaller than expected, she said without elaborating.

Any one for some more crystal ball gazing?

August 26, 2009

Please Ensure Safety and Security for Tourists, Minister Advised...

Ministers must ensure they perform a duty of care for the target group under their portfolio. And that was the situation Ng Yen Yen the Tourism Minister found herself. It was quite a spot for her when she met up with Malaysia' richest man at his Shangrila Hotel in Hongkong.

According to Robert Kuok, he is always concerned about things back home. Kuok, 85, dubbed the Sugar King expressed this concern pointedly if he was to help in promoting tourism in Malaysia.

Kuok told her that public security was the main concern among tourists when they were travelling in foreign countries, as they were frightened of ending up as snatch theft victims or robbed.

“Nowadays, tourists are very concerned about their personal security, especially tourists from China and Japan. Therefore, public security must be taken into account in attracting tourists,” he said.

Ng tried to allay his fears by conveniently saying that Prime Minister Najib had put this into focus in his six national key results areas recently and crime prevention is one of them.

We know that Malaysia is not an easy country to govern. MCA Ministers are always second rated and they hardly have the wherewithal to keep any promises they make....

Another Rerating for Genting Malaysia

In spite of poor inbound travel and local patronage at the casino, the ancillary facilities of Genting continues to receive support. Expect the second quarter result of Genting Malaysia to be reduced too.

However, Maybank Investment Bank Bhd has meantime, raised the target price on Genting Malaysia Bhd, to RM3.25 from RM3.10, reflecting higher valuations at its cruise affiliate.

At noon break, the shares of Genting Malaysia advanced 0.7 per cent to RM2.77, set for the highest level since August 20.

So, those with spare cash may want to have a second look at this defensive stock.

Will this Impact Time Engineering?

TIME dotCom Bhd (TdC), through wholly-owned subsidiary, Hakikat Pasti Sdn Bhd, has disposed of 27.75 million shares in DiGi.Com Bhd for RM604.95 million, or RM21.80 apiece, via private placement.

CIMB Investment Bhd, in an announcement to Bursa Malaysia on behalf of TdC, said the sale would reduce TdC's interest in DiGi.Com to 27.5 million shares, or 3.5 per cent.

“The disposal will result in an estimated gain about RM5.33 million (before taking into account tax effects, if any) to TdC for the financial year ending Dec 31, 2009,” it said.

It said TdC was also expected to enjoy pre-tax interest savings of RM23.4 million per annum going forward as a result of the full repayment of bank borrowings with the net proceeds from the disposal.

"However, it will no longer enjoy any future dividends declared on the shares disposed," it said.

On the rationale for the disposal, CIMB said market conditions had improved recently, as evidenced by the performance of the FTSE Bursa Malaysia KLCI Index, which has been recording an uptrend since its 52-week low of 829.41 points on Oct 29, 2008 to 1,171.09 points on Aug 25, 2009.

It said the price performance of DiGi.Com shares had improved from their 52-week low of RM17.32 on Oct 31, 2008 to RM21.98 on Aug 25, 2009.

CIMB said given the current improved market conditions and DiGi's share price, and in line with its prudent debt management practices, TdC has decided to fully settle its borrowings which were taken to finance its investments in securities.

"The disposal will enable the TdC group to raise funds to achieve this objective," it said.

So how would this new development going to impact upon a newly restructured Time Engineering Berhad? would its share in TdC be worth much more now?

Genting Revenue dropped by 26%

It was to be expected.

Malaysian conglomerate Genting reported lower second quarterly earnings for 2009 as the economic crisis hit its casinos and palm plantation businesses.Genting is mildly expectant that its casino takings may improve given improved prospects for the economy.

"With the forecast turnaround in the global economic outlook, Genting Malaysia Group is cautiously optimistic (concerning) its prospects," it said in a statement.

However, its casinos in the United Kingdom is expected to remain weak due to the still gloomy economic outlook there, it said.

Second-quarter net profit fell 26 per cent from a year ago to 214.49 million ringgit ($60.86 million).

"The Genting Highlands Resort experienced weaker luck ... in the premium players business" though volumes rose, added Genting.

In the UK, higher revenue was offset by a weakening of the pound against the ringgit.

Analysts in Malaysia do not provide quarterly earnings forecasts, but 20 analysts polled by earnings tracker IBES ahead of the results projected Genting's full-year net profit at 1.02 billion ringgit.

In June, Genting bought a 3.2 per cent stake in MGM Mirage, the biggest casino operator on the Las Vegas Strip, sparking market talk Genting could buy out MGM's stake in its Macau's business.

Its unit Genting Singapore is building Singapore's second integrated casino resort and is also the largest casino operator in the United Kingdom.

Genting also has interests in oil palm plantations, power generation and property development. Its associate Star Cruises is Asia's largest cruise operator.

Genting shares have gained 78 per cent so far this year, outpacing the wider market's 34 per cent gain. They traded up 1.1 per cent ahead of the results announcement.

Bye, Ted!




Teddy Kennedy, the last of the three Kennedy brothers passed on yesterday. He was 77. He could have been a US president but fate dealt him a blow when he had that accident in Chappaquiddick where Mary Jo Kopecne died in the icy waters. His indiscretion of not making a police report on the accident and drowning cost him a great political future. Ted was Senator and a big wig of the Democrats. God bless his soul.

August 25, 2009

H1N1 deaths marches on unabated....

These days people are more concerned about their health. You see people all masking up when they leave the house either for work or to go to college and schools.The government can do so much. So far, 70 people have succumbed to the deadly H1N1 virus.

So, we have to take care of ourselves. Currently there are H1N1 vaccine kits sold for RM180. It is not expensive. We should avail ourselves to them. We can never get enough of protection. It's good to have the seasonal Influenza A shot just to boost our antibodies to face the current potential onslaught of the H1N1 virus.

Soil-less Planting of Vegetables and Fruits.

A new device may soon come into the market which will enable you to grow your own fruit and vegetables without using any soil.As such you can possibly reduce your grocery bills if you want. Through this manner of growing, you dispense with the slugs, dirt and physical labour of planting, not to mention freeing you tiem to do other things.

This scientific method, via a machine called the Power Plant, grows crops and flowers without any soil.It is a NASA technology used by by astronauts to grow fresh fruit and vegetables while in space. Here,seeds are placed on to a 'grow sponge' and a mains-generated microjet system sprays them with oxygenated, nutrient-rich water.

The device can be used to grow fruits such as strawberries and small vegetables such as beans and peas, and is also perfect for herbs such as basil and coriander.

Just fancy that! Hope it hits the market soon!

That Extra from Wal-mart.....


This is one funny joke. Do laugh at glee speed and at a few octaves higher!

One day, in line at the company cafeteria, Joe says to Mike behind him, ‘My elbow hurts like hell. I guess I'd better see a doctor.' 'Listen, you don't have to spend that kind of money,' Mike replies. 'There's a diagnostic computer down at Wal-Mart. Just give it a urine sample and the computer will tell you what's wrong and what to do about it. It takes ten seconds and costs ten dollars . . . A lot cheaper than a doctor.'

So, Joe deposits a urine sample in a small jar and takes it to Wal-Mart. He deposits ten dollars and the computer lights up and asks for the urine sample. He pours the sample into the slot and waits. Ten seconds later, the computer ejects a print-out:

'You have tennis elbow. Soak your arm in warm water and avoid heavy activity.It will improve in two weeks. Thank you for shopping @ Wal-Mart.'

That evening, while thinking how amazing this new technology was, Joe began wondering if the computer could be fooled. He mixed some tap water, a stool sample from his dog, urine samples from his wife and daughter, and a sperm sample for good measure. Joe hurries back to Wal-Mart, eager to check the results. He deposits ten dollars, pours in his concoction, and awaits the results.

The computer prints the following:

1. Your tap water is too hard. Get a water softener. (Aisle 9)
2. Your dog has ringworm. Bathe him with anti-fungal shampoo. (Aisle 7)
3. Your daughter has a cocaine habit. Get her into rehab.
4. Your wife is pregnant. Twins. They aren’t yours. Get a lawyer.
5. If you don't stop playing with yourself, your elbow will never get better!
Thank you for shopping @ Wal-Mart.

A Funny Thing Happened on the way to.....



Well, the proxy papers did not arrive. A lady at the registration counter promised to help us perhaps by putting us on the invitee lists, if the Directors should have no objection. Then came the Company Secretary. With her stern countenance, she satred at us and disagreed. so, do not only expect only bureaucracy and inflexibility in the government service. They are inflexible in public listed companies too. I then asked her who I can talk to to resolve this problem. He pointed me to someone in a black suit-I think he could be the Chairman. He listened to my tale of woe but stood his ground. It was a negative. No proxying without proper forms formally lodged.I told him I am not interested in breaking the rules of his company as well as the Companies Act. All I asked was for him to help save the situation as suggested by the Secretary that we be placed on the Invitee List. This did not cut either. It was a flat No! So, we requested if he could resolved our car-park payment as it has cost us money just to come for the meeting from so far away. I guessed he felt that he did not want any more hassle or trouble from us. He then quickly fished out RM10 from his wallet to pay for the parking charges. I guess it was his way to summarily get rid of us! That he succeeded!

I do not blame QL for the trouble we were in this morning but I thought the Chairman or whoever he was, could have save us the day by making us invitees.

After all, there were not many who were in the same quandary as us this morning! Sadly, it was just poor goodwill on his part. A shame, I would say for a company that made RM1 billion+ per year!

August 24, 2009

Attending the Dataprep AGM

At 1.45 pm, I drove to Tropicana Golf Club where Dataprep was scheduled to hold its AGM. There was a display of some real estate scheme in China by VXL. After registering, I got into the meeting room. The meeting started promptly with Tan Sri Azmi Wahab in the Chair. It was a very small meeting and the mood was amicable.This is the maiden meeting where I proposed and seconded resolutions to be passed.

Afterward, at tea I met Tan Sri again, Dato' Lim Chee Wah of Genting Highlands and a senior brother of Paul Leong ,the ex-Minsiter.Compared to the othere AGMs where the Directors will just meet away in some other place for food, Dataprep's Board of Directors mingled with the shareholders.I did not know that Dato' Chee Wah was the largest shareholder of this company.

When I told him that my good friend who worked with him once in Genting Plantations often spoke of him,he tongue-in-cheek retorted, "I hope it is all good."

August 23, 2009

The new Miss Universe is......

And the new Miss Universe is .........Miss Venezuela!






Look at Stefania Fernandez screams in abandon joy. This is one golden moment in her life as she will parade the world in one year before the next person takes over. Look at her go!