September 17, 2010

Nicole Goes Back to Broadway

Oscar-winning actress Nicole Kidman is due to return to Broadway next year to star in a revival of the Tennessee Williams play “Sweet Bird of Youth,” a production spokesman said yesterday.

“It’s something that’s in the works (and) there’s an intent to move forward,” the spokesman said.

Kidman, 43, first appeared on Broadway — with mixed reviews — in 1998 in David Hare’s sexually explicit play “The Blue Room”, which included a brief nude scene.

The actress, who was raised in Australia, went on to win an Oscar for her role as writer Virginia Woolf in “The Hours” in 2002.

“Sweet Bird of Youth” was first staged on Broadway in 1959. This revival is due to be directed by David Cromer.

Will she have a better reception this time around as 'The Blue Room' only brought the blues.....?

Details of the KFC Warrants

These are free warrants issued to shareholders in conjunction with the recent share-split and bonus issue exercise. So if you have  100 shares ex the corporate exercise, you are entitled to 4 free warrants.

 
Let us now look into the details

Listing Date:    20/09/2010

Issue Date:    15/09/2010

Issue/ Ask Price: MYR 0.0000

Issue Size:   31,723,949

Maturity Date  : 14/09/2015
  
Exercise/ Conversion Period:    5 years
   
Exercise/Strike/Conversion Price: MYR 3.00

Exercise/ Conversion Ratio:

1 Warrant: 1 Ordinary Share of RM0.50 each

Mode of satisfaction of Exercise/ Conversion price   
:
    Cash

Settlement Type/ Convertible into   
:
    Physical (Shares)

Remarks :

The Warrants are issued to the entitled shareholders of KFC Holdings (Malaysia) Bhd (“KFCH”) on the basis of one (1) Warrant for every twenty-five (25) ordinary shares of RM0.50 each in KFCH (“KFCH Shares”) held after the subdivision of every existing one (1) ordinary share of RM1.00 each in KFCH into two (2) KFCH Shares in KFCH and bonus issue of 396,549,364 KFCH

Shares.

Each Warrant carries the entitlement to subscribe for one (1) new KFCH Share at the exercise price (as indicated above) and at any time during the exercise period (as indicated above)

(“Exercise Period”), subject to the adjustments in accordance with the provisions of the deed poll dated 8 September 2010, constituting the Warrants.

Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

The  announcement was made to the Bursa on17 September 2010.

September 16, 2010

Malaysia: Least Favoured Investment Destination


Oh, this is truly sad.

To be shunned by the majority of the investors. What has happened to Malaysia that it has come to this?

 A Bank of America Merrill Lynch report has reported that Malaysia is now the “least favoured market” in Asia Pacific for investors after nearly doubling its underweight rating only last month.

The country slipped two spots — from 10th place to dead last — in the investment bank’s latest Fund Managers Survey, even as the Najib administration in the process of unveiling ambitious economic reforms meant to boost investor confidence.

This appears to be the latest indictment of Malaysia’s inability to compete with rival regional markets. In the past decade, the once roaring Asian Tiger has seen its dominant position as an investment destination in Southeast Asia crumble even as neighbouring countries push to the fore.

A survey last week by the World Economic Forum (WEF) of 139 nations showed that Malaysia had slipped two places in global competitiveness rankings to 26th in the past year, while Indonesia surged 10 places to 44th.

The government is nonetheless optimistic that reforms under Prime Minister Datuk Seri Najib Razak’s New Economic Model (NEM) — details of which will be revealed next month — will revitalise the economy and help Malaysia achieve developed nation status by 2020.

However, Najib’s economic transformation is hinged on the government’s ability to galvanise RM2.2 trillion in investments over the next 10 years — 92 per cent of which is to come from the private sector — and it remains to be seen if the prime minister can overcome investors’ muted response to his plans so far.

Najib also faces stiff opposition from Malay rights groups who feel such reforms threaten what they perceive to be Malay “special rights”, and seems unable to push them through without significant compromise.

Elsewhere in the region, China remained the favourite market by far despite an uncertain global outlook. A net 11 per cent of investors expect China’s economy to strengthen, up from -39 per cent in July, according to Merrill Lynch.

Indonesia, slightly underweight last month, jumped to second place on an overweight call, edging out Hong Kong in the process. New Zealand, Taiwan, South Korea and India remained neutral.

Emerging markets outperformed developed markets this year and remain the preferred destination for investors, although emerging market allocations have been trimmed due to growth uncertainty and risk aversion.

Brazil and Russia continue to be favourites, but appetite for Turkey has fallen in the past two months.

The consumer discretionary sector is still the most popular among emerging market investors, followed by industrials, telecoms and financials.

Defensive sectors like utilities, staples and healthcare remain least favoured but have reduced their underweight positions from last month.

September 15, 2010

2011- A Time to Reflect


Next year marks an important milestone in the history of this country, for it will be 500 years since the fall of the Malacca sultanate and the start of colonisation.

Yes, half a millennium ago. Five centuries. Quincentennial. Twenty- five score years. Whichever way we look at it, that turn of events should not pass unnoticed for some special and most significant reasons -- the lessons from history as they all say.

It was in 1511 that the thriving port city of Malacca fell to the Portuguese, forcing its ruler, Sultan Mahmud Shah, to flee to a neighbouring state and ending more than a century of the dominion of the mighty Malay sultanate which started with Malacca's founding by Parameswara around 1400.

The invasion also marked the start of Western colonial rule in the country, at that time referred to as the Malay states or Tanah Melayu.

Malacca and, better still, the whole of Malaysia, should officially commemorate the occasion -- not to celebrate defeat but rather to reflect and learn from the past over what had contributed to the total subjugation of a flourishing Malay empire.

In fact, there were many things in the lead-up to the invasion that sounded so eerily familiar with what's going on in Malay or Malaysian politics now.

What was most glaring about the Portuguese conquest in 1511 was that it came as a revenge attack that struck the soft underbelly of Malacca, at a time when the sultan's administration and his people were so vulnerable as they were split.

There were also reports that the Western force, despite being grossly outnumbered, were aided by turncoats and double-crossers from within the local fraternity.

According to history books, the Portuguese armada which attacked Malacca that year consisted of 18 ships and more than 1,000 men led by Alfonso de Albuquerque. Launched from Goa in India, they were out to revenge the attack on a Portuguese naval and trading party two years earlier led by Francisco de Almeida.

That earlier offensive on the foreigners was interestingly instigated by Gujerati and Chinese traders and others doing brisk business in Malacca at that time.

Almeida managed to escape to India in the aftermath, but some of his men were captured as prisoners in Malacca.


J. Kennedy in A History of Malaya said the Malaccans were already politically disunited by the time the second Portuguese wave came and one of the main factors was the split over the choice of Tun Mutahir as bendahara (equivalent to today's menteri besar or prime minister).

"For the Portuguese, it had not been an easy victory," Kennedy wrote. "In manpower, they were greatly outnumbered. The defenders of Malacca used a variety of weapons, from firearms to bows and arrows and poisoned darts.


"Yet, certain advantages lay on the Portuguese side. Their strategy was helped by a description of the Malacca site sent to Albuquerque earlier by one of the Portuguese prisoners through a friendly merchant (the turncoat)."

Kennedy added that many merchants in Malacca at that time just stood by, ready to support whoever that won as long as their properties were not taken away and their interests safeguarded. And this included the Chinese.

"Some merchants, especially the Chinese, had at that time positive grievances against the Malay administration," he wrote.

Sounds familiar? That's because there are traces of the same scheme of things being repeated in the present.

Five hundred years may have passed but the similarities and parallels emerging in situations in the country today is uncanny -- the political squabble over who has the power (the choice of bendahara), the split in the ranks of the common people, the low morale despite outnumbering the enemy and so on.

Then, there were the traitors and turncoats, the business people who were not patriotic at all but only interested in their own private businesses and the Chinese who had "grievances against the Malay administration".

History, as they say, has a funny way of repeating itself. But only if we allow it to. For this reason alone, the momentous 1511 should be remembered and the anniversary duly commemorated.

It is, after all, just about 100 days to 2011.

It is time to reflect.

Hair Management: Myths and Facts

Sheila Chandran wrote this in the online STAR today. I though it was interesting. So, I am pasting in here for our general knowledge.

THE question of the day is: to use or not to use hair conditioners? London-based hair expert Thomas Taw unravels some hair myths and sets the story straight.

Myth: Shampooing is enough to keep hair healthy.
Fact: That is not true. Shampoo only cleanses grime, dirt and oil. Conditioners help nourish hair ends, keeping it smooth and tangle-free.

M: Hair care involves caring for hair roots.
F: Not always. Hair ends need the most attention because it is older and nourishment usually doesn’t reach the tips.

M: Hair oil helps you maintain healthy and beautiful hair.
F: Oiling is great for scalp, but hair ends need special nourishment as it’s rougher. Oiling is not enough to de-tangle hair. Only a conditioner can do that.

M: Conditioners require a lot of time and effort to use.
F: With a good conditioner, you just need to leave it on for a minute or two before rinsing off. Minimal fuss, maximum benefits.

M: Conditioner is only for “troubled hair”.
F: Hair consists of dead proteins and can’t rejuvenate itself. The healthiest hair will eventually dry out if uncared for. Hair needs to be conditioned to prevent dryness and tangles.

M: Conditioners should be applied on the scalp.
F: Conditioners are meant to care for hair ends, not the scalp.

M: Conditioners make hair limp and greasy.
T: Excess oil in scalp causes limp and greasy hair. Conditioners nourish and keep hair strands tangle-free.

M: Conditioners cause dandruff.
F: This is not true. Dandruff is a complex problem and there are many factors that cause it, such as an unhealthy scalp. Dandruff is unrelated to the use of conditioners.

So, do you think you know more about hair management after reading this news-item?

Happy Malaysia Day!


It has been 47 years since Sabah,Sarawak,Singapore came together with Malaya to form Malaysia on 16 September 1963.

Singapore departed to become independent in 1965.

Since then, Malaysia Day was never officially recognised or celebrated.

The people of Sabah and Sarawak were denied their celebrative rights to celebrate their day of independence from the White Rajah. They had to kowtow to to wishes of their brothers in Peninsular Malaysia to celebrate Merdeka Day instead which falls on 31 August yearly.

The new political awareness of what these two states can do to Federal politics have made the powers to be at Putrajaya to provide political space in the country to celebrate Malaysia Day which is truly our day of independence as Malaysia.

Yes, better late than never!

Today we celebrate Hari Malaysia for the first time officially as a country. It is indeed a milestone in the nation's history.

Happy Malaysia Day, everyone!

September 14, 2010

No Double-Dip!



Some of the biggest names in business said that they see a bright future for the US economy, with famed investor Warren Buffett declaring the country and world will not fall back into the grips of the recession.

"I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Berkshire Hathaway Inc. "I see our businesses coming back across the board."

Buffett said the same things that worked for the country through a century of two world wars, a depression and more — all while increasing the standard of living — will work again. 

He said banks are lending money again, businesses are hiring employees and he expects the economy to come back stronger than ever.
"This country works," Buffett said and added ,"The best is yet to come."
His opinion was shared by Microsoft Corp, CEO Steve Ballmer and General Electric Co,Jeff Immelt .
Ballmer said there soon will be more technological advancement and invention than there was during the Internet era. "That will help drive business growth", he said.

"I am very enthusiastic what the future holds for our industry and what our industry will mean for growth in other industries," said Ballmer.

He envisions new technologies that move beyond the Internet to tie together computers, phones, televisions and data centers to create amazing new products. And the pace of innovation will increase as technology makes workers more productive.

"All areas of science today are moving forward more quickly," Ballmer said. "The speed of scientific breakthrough is accelerating." He said business at GE, one of the world's largest companies, is improving.

Immelt said the country is going to need to adjust, though. The economy since the 1970s has been driven by consumer credit and a misguided notion in building a "lazy" service economy, he said, and manufacturing, with an aim to reduce the trade deficit, is the key.

"It was just wrong. It was stupid. It was insane," Immelt said of the push for a service -based economy. "The future of the economy has to be as an exporter."

He said GE is now finding it profitable to build manufacturing and service centers in the United States rather than overseas, because it is more competitive to do so.

More investment is needed in technology innovation, exports need to be rejuvenated, and clean energy and affordable health care need to be given top billing for policymakers, Immelt said.

But the corporate leader said he recognizes a polarizing environment in Washington makes it unlikely a national energy policy and other helpful guidance will ever take hold. Instead, he urged local business leaders and government officials in the audience to come up with their own local solutions.

"Anger is not a strategy. Anger does not create growth. Only optimism creates growth," he said. "Be the contrarian. Everyone is mad today. Be happy."