August 22, 2010

Singapore:Talent Destination

We have sadly the Malaysia Boleh phobia in this country. We pride ourselves as been the best and the 'mostest'. Yet, inside in all of us, we know we are just fooling around and we have shot our foot with all those policies that drive away our nation's best.

The little nation to the south of Johore has benefitted. New Zealand and Australia has too.

Even our policy and strategy thus far just to lure back our own talented Malaysians to come home to work for the nation has not seen success.

I wonder whether this new Talent Corporation will be another white elephant.

So a Gallup survey that tells us that Singapore continues to be far more successful than Malaysia at attracting human capital on popular immigration destinations which the island republic topped and Malaysia missing the top 20 cut comes as no surprise.

The city-state, with an impressive 18.1 per cent GDP growth in the first half of the year, would have tripled its population if everyone eyeing Singapore were allowed in, the poll released last Friday showed.

In that scenario the nation of 4.8 million would have spiked up to 15 million, a whopping 219 per cent increase.

On the other hand, Malaysia, with its relatively lacklustre economy and increasingly divided society, ended up only in the top 25 most popular destinations for migrants.

The poll found that if everyone were allowed to leave and enter as they pleased, Malaysia’s population would increase by 23 per cent to over 34 million, making it the 21st most popular immigration hotspot in the world.

Gallup researchers interviewed nearly 350,000 adults in 148 countries between 2007 and this year to calculate each country’s Potential Net Migration Index (PNMI).

The PNMI is the estimated number of adults who wish to permanently leave a country subtracted from the estimated number who wish to immigrate there, as a proportion of the total adult population.

Malaysia was the fourth most popular Asia-Pacific destination after Singapore, New Zealand and Australia, and the second-most popular in Southeast Asia following Singapore.

Other Southeast Asian countries fared comparatively worse. While Thailand would see a minimal drop of 1 per cent in its population, Indonesia would lose up to 5 per cent of its 230 million population if everyone who wanted to come in or leave could do so. This was followed by Laos (-9 per cent), Vietnam (-21 per cent), Philippines (-22 per cent).

And despite making great strides in economic growth, Asian giants China and India would both lose 6 per cent of their over 1 billion population if people were allowed to move freely.

Overall, the second-most popular destination was New Zealand, whose population of 4 million would rise by 184 per cent. Third was Saudi Arabia, whose population of 26 million would soar by 176 per cent.

Canada placed fourth with 160 per cent, Australia came in sixth with an index figure of 148 per cent, while the UK booked 12th place with 62 per cent.

The preferred destination of most would-be migrants is still the United States, although the already large US population of 300 million inhabitants means that the impact is less acutely felt, Gallup said.

The US is 14th on the net migration list, which means that if everyone who wanted to could enter the country, and all those who wished to leave did, its population would rise by about 60 per cent.

At the opposite end of the scale, the populations of Sierra Leone, Haiti and Zimbabwe would fall by more than half if migrants were allowed to leave at will.

Many countries in Africa and Latin America showed net outflows of population — although four African countries would gain residents, according to the poll.

They are Botswana, which would see its population increase by 39 per cent, South Africa, Zambia and Namibia, which would see rises of 13 per cent, 5 per cent and 2 per cent respectively.

Botswana, which ranks just after the US but above Norway on the list, is the world’s top producer of diamonds and a leading destination for high-end tourism. It prides itself as a model of successful democracy in Africa.

At rock-bottom on the Gallup list is Sierra Leone, the west African country still struggling to recover from a 10-year civil war which ended in 2002.

If everyone who wanted to leave Sierra Leone could, and everyone who wanted to move there did, its population would plunge by 56 per cent.

Haiti, the Americas’ poorest country, would lose 51 per cent of its population.

“While Gallup’s findings reflect people’s wishes rather than their intentions, the implications of what could happen if these desires become reality are serious considerations for leaders as they plan for the future,” said the organisation.

The lowest-ranked European Union member state on the list is Latvia, which would lose around a quarter of its population of 2.3 million if migrants were allowed to come in and go out as they wished.

To Excel in UPSR Exam: Section C of Paper 2


In Paper 2, Section C, you would see three pictures and have to expand from the notes to write a short essay. My advice here is to:

Use words that you need only when  the instruction reads,” You may use the words to help you”.

Take note of these:

1.                  Sentence Type

·         Write more than 2 sentences per paragraph. I would recommend three or four sentences for each paragraph.

·         Try to write a variety of sentences. For example :

Ø  A simple sentence (has only one idea)

Anand’s family gathered outside the house.
Ø  A compound sentence ( two ideas and uses connectors)
Anand’s family gathered outside the house and welcomed guests coming to their open house celebration.
Ø  A complex sentence ( a independent clause and a dependent clause)
Anand is an engineer who has just bought a house in Setia Wang.

2.                  Paragraphs.

Ø  Write three paragraphs.
Ø  Start each paragraph by beginning at least ¾ each from the margin.
Ø  Use the correct conjunctions or connectors to join the story in the three paragraphs. This will ensure smooth continuity.

3.                  Tenses

§  If you are telling about something that has already taken place, use the past tense.
§  If you are describing something happening at the time you are speaking or regularly use the present tense.

 
4.                  Subject- Verb Agreement

§  Make sure singular subjects attract singular verbs while plural subjects attract plural verbs.

For example:
ü  The dogs are fighting in the backyard.
ü  A cat is sleeping on the roof of the house.
ü  He does him howework every evening before dinner.
ü  The cows here eat the leaves from the low bushes beside grass.

5.                  Pronouns

§  Know how to use- he,him,his
§  Know how to use possessive pronouns and emphatic pronouns

ü  Possessive pronouns-mine, yours, theirs, ours,..
ü  Emphatic pronouns- myself, yourself, ourselves,..

6.                  Articles

Ø  Make sure articles such as a,an,the,__ are appropriate and correctly used before nouns.

7.                  Gender

§  Ensure you know your gender [ man versus woman]

8.                  Spelling

Ø  Check your spelling
Ø  Use words that you are sure of its spelling

9.                  Punctuation

Ø  Ensure you start a sentence with a capital letter. Also all proper nouns are in capital letters.

o   These are names of people, places, building names, rivers, oceans,etc]

Ø  All sentences must end with a full-stop, question mark or exclamation mark.
 
Model Answer:
Peggie bought some art supplies from a stationery shop near her house. She quickly went up to her room and quietly closed the door. Putting the things on her bedroom table, she relaxed a while before she began work to design a birthday card for her sister, Meggie.
With a pair of scissors, she deftly cut a red manila cardboard to carve out a birthday card. She folded the card into two and then she began to stick small dried  yellow flowers to the front of the card with glue. She also sprinkled glitter onto the glue beside the flowers. Peggie waited patiently for the glue to dry. After that, she penned a personal message for her beloved sister.
Looking about to ensure no one was looking, Peggie crept into Meggie’s room. She looked for a suitable place where Meggie would easily find the card. She then went to Meggie’s bed and put the card under her pillow. With a happy grin on her face, she left Meggie’s room with joy in her heart.

These are useful connectors.
Types
Connectors


Show  addition
and,both…and,as well as,along with,not only…but also,in addition to
Show contrast
but,however,yet,still, in spite of,despite,although
Show choice
or,or else,either…or,neither nor
Show reason
because,as,for, since
Show purpose
so that, so, so as to,in order to, in order that
Express time
as,when,while,as soon as,before,after,since,till,until
Show place
where
Show condition
if,unless
Show result
therefore,thus,so,so…that,such…that




To Excel: UPSR Exam: Section C of Paper 2



In Paper 2, Section C, you would see three pictures and have to expand from the notes to write a short essay. My advice here is to:

Use words that you need only when  the instruction reads,” You may use the words to help you”.

Take note of these:

1.                  Sentence Type

·         Write more than 2 sentences per paragraph. I would recommend three or four sentences for each paragraph.

·         Try to write a variety of sentences. For example :

Ø  A simple sentence (has only one idea)

Anand’s family gathered outside the house.
Ø  A compound sentence ( two ideas and uses connectors)
Anand’s family gathered outside the house and welcomed guests coming to their open house celebration.
Ø  A complex sentence ( a independent clause and a dependent clause)
Anand is an engineer who has just bought a house in Setia Wang.

2.                  Paragraphs.

Ø  Write three paragraphs.
Ø  Start each paragraph by beginning at least ¾ each from the margin.
Ø  Use the correct conjunctions or connectors to join the story in the three paragraphs. This will ensure smooth continuity.

3.                  Tenses

§  If you are telling about something that has already taken place, use the past tense.
§  If you are describing something happening at the time you are speaking or regularly use the present tense.

 
4.                  Subject- Verb Agreement

§  Make sure singular subjects attract singular verbs while plural subjects attract plural verbs.

For example:
ü  The dogs are fighting in the backyard.
ü  A cat is sleeping on the roof of the house.
ü  He does him howework every evening before dinner.
ü  The cows here eat the leaves from the low bushes beside grass.

5.                  Pronouns

§  Know how to use- he,him,his
§  Know how to use possessive pronouns and emphatic pronouns

ü  Possessive pronouns-mine, yours, theirs, ours,..
ü  Emphatic pronouns- myself, yourself, ourselves,..

6.                  Articles

Ø  Make sure articles such as a,an,the,__ are appropriate and correctly used before nouns.

7.                  Gender

§  Ensure you know your gender [ man versus woman]

8.                  Spelling

Ø  Check your spelling
Ø  Use words that you are sure of its spelling

9.                  Punctuation

Ø  Ensure you start a sentence with a capital letter. Also all proper nouns are in capital letters.

o   These are names of people, places, building names, rivers, oceans,etc]

Ø  All sentences must end with a full-stop, question mark or exclamation mark.
 
Model Answer:
Peggie brought some art supplies from a stationery shop near her house. She quickly went up to her room and quietly closed the door. Putting the things on her bedroom table, she relaxed a while before she began work to design a birthday card for her sister, Meggie.
With a pair of scissors, she deftly cut a red manila cardboard to carve out a birthday card. She folded the card into two and then she began to stick dried small yellow flowers to the front of the card with glue. She also sprinkled glitter onto the glue beside the flowers. Peggie waited patiently for the glue to dry. After that, she penned a personal message for her beloved sister.
Looking about to ensure no one was looking, Peggie crept into Meggie’s room. She looked for a suitable place where Meggie would easily find the card. She then went to Meggie’s bed and put the card under her pillow. With a happy grin on her face, she left Meggie’s room with joy in her heart.

These are useful connectors.
Types
Connectors


Show  addition
and,both…and,as well as,along with,not only…but also,in addition to
Show contrast
but,however,yet,still, in spite of,despite,although
Show choice
or,or else,either…or,neither nor
Show reason
because,as,for, since
Show purpose
so that, so, so as to,in order to, in order that
Express time
as,when,while,as soon as,before,after,since,till,until
Show place
where
Show condition
if,unless
Show result
therefore,thus,so,so…that,such…that




August 21, 2010

Virus Infested Stars on the Internet

According to computer security company McAfee, Inc,the 10 most popular on-line search on the Internet are of stars of the silver screen and models.


Visit any of these sites and you  could possibly infect your PC with unknown viruses.

Who are these?

The most popular celebrity is Cameron Diaz, hot after her success of  Knight and Day.

The others in ranking order are:

2. Julia Roberts
3.Jessica Biel
4.Gisele Bundchen
5.Brad Pitt
6.Adriana Lima
7.Jennifer Love-Hewitt /Nicole Kidman
8.Tom Cruise
9.Heidi Klum/Penelope Cruz
10.Anna Paquin


So browse at your own risk.

GenS: No Dividend Until 2011-2012

Yes, that is true.

Genting Singapore shareholders can only look forward to cash dividends in two to three years time, provided the company remains profitable and has paid off its whopping $4.2-billion debt.

The company  posted a hefty net profit of $397 million in the quarter ended June - overturning a $51 million loss in the previous year.

Be thta as it may, Genting remains unable to declare any cash dividends as it is tied to a loan structure which restricts the firm from paying any dividends until next year or after the loan has been fully paid off.

Some shareholders are quite happy about this as they perceived that by not paying dividends, the funds remain in the company and this can be used to repay loans or finance any capital expenditure, or used as loan repayment.

The $4.2-billion loan was secured in Feb 2008 and funded about 60 per cent of the development of Resorts World Sentosa.

Genting Singapore's share price rose three cents or two per cent yesterday to close at $1.55.

Many expect it to move beyond $2.00 in the medium term.

Beware of the Potential Property Bubble


I append an article from the STAR written by the property guru, Azizi Ali.

"The times have been good for property investors in the past couple of years. Prices in certain areas, particularly in selected areas of Kuala Lumpur and Petaling Jaya have risen significantly, some as high as 50 percent. And as a result of this rise, practically all property investors had made money. In fact, some people have seen their net worth jump up by 30 or 40 percent because of the price rise. For example, a young colleague who purchased their house two years ago saw the value of their house increase from RM950,000 to RM1.3 million today. Of course, the owner was all smiles when they told me the story.

I am happy for them. As an avid property investor, I have benefitted from the rise myself, so I am certainly not complaining. At the same time, I must admit that I have some reservation about the whole scenario. The price rise has distorted reality to many investors, including my colleague. Because the price climbed up as soon as he bought the property, and remained at a high level even today, his view on property investment is seriously distorted. He thinks that:

1. Prices will go up as soon you buy a property.
2. The gains will be in double digits per annum.
3. This is normal.
4. Prices always go up.
5. It is easy to make money in properties.
6. He is a super genius when it comes to property investment!

Long-term property investors will quickly point out that none of the above are true. That’s right – none! For starters, I can tell you the current situation is exceptional. It wasn’t like this five years ago, and certainly not ten years ago. I can also tell you that times are not going to remain this good forever. Prices do not rise to the sky, and interest rates do not stay low forever. In fact, interest rates has already climbed (or to use the toned down term of ‘normalised’) by 75 basis points already this year.

Why am I so sure of this? Simple; I have seen similar euphoria before (the first in the mid-1980s and then in year 1997 during the Asian Currency Crisis), and the story did not end well on both occasions. Like most bubbles, prices edged up slowly initially. The initial buyers made money and this attracted others to invest into properties as well. And as prices climbed higher and higher, the euphoria got to the levels that some people were rushing to buy because they were scared that the prices will spiral out of their reach if they do not act then. But when the market crashed, as all bubbles eventually do, a lot of people were seriously hit, a lot of money was lost, and that included seeing their properties being auctioned off by the banks.

I see the same story being repeated today. On top of the ever present dangers, there will be massive challenges in this new decade. There will be much turbulence in the coming days, and some of them will be unlike what you and I have seen or experienced before. This may include double-digit interest rates, multiple bank failures, currency crashes and explosion of the derivatives market.

As a result of the new challenges, the investors using the current success formula of buying five properties at one go (by paying the minimum down payment and borrowing to the hilt) will be seriously hammered. They will experience much pain, to put it mildly. Some people will lose their properties, some will lose more than money and yes, some will become ex-millionaires.


But of course, where there is danger, there are also opportunities. This will include a huge number of properties being auctioned and also getting huge discounts from distressed sellers.

August 20, 2010

Metronic Global- The Albatross RPT

Metronic is in poor health these days. The Anhui BOT project in China is gone and as such, expected losses will rise and NTA will go down. However, the silver lining is compensation which will help in operating expenses.

On 25th June 2010, Metronic Global Bhd has also informed Bursa that  a huge amount  is due to it from a related party via a transaction that took place more than three years ago. They have been trying to recover the debt.

The related party transactions (RPT) consist of  receivables amounted to RM46.85mil stemming from sub-contract work completed for a “related party that is a main contractor on certain public sector projects for the government.”

Of the total amount, the related party was supposed to pay RM36.3mil to the company more than three years ago.

To recover the dues, Metronic has obtained consent from the contractor to proceed with the certification and collection directly from the Health Ministry, Finance Ministry (MoF) and Public Works Department (JKR). “The claim is pending certification by JKR before submitting to the MoF for approval,” it said.

While the company will pursue the receivables directly from the Government, it also said it may commence legal action to ensure full payment.

The firm reported a turnover of RM60mil but made a loss of RM2mil for the year ended Dec 31, 2009. It made a loss of RM5.3mil on RM9.56mil revenue in the latest quarter ended March 31. That was the group’s biggest quarterly loss since it went public in 2004.

Once the receivables are realised either through statutory directives or through the courts, then Metronic will again have a war-chest to play with. That will reflect in the revision of the price of Metronic shares which has been in the doldrums of 5-6 sen currently.

So, for those who still think Metronic can change its fortune, just stand on the sideline and watch the counter.

Caveat Emptor: Please do not buy or sell shares of Metronic based on this article.