Taxi Booking in Singapore During Rainy Day

It's extremely hard to book a taxi during rainy day in Singapore. After keep calling to hotline for 1hours, i still unable to get a taxi.

In Singapore, the taxi service is very good. But, when raining, you're not able to get any taxis. For those who travel to Singapore, try to avoid to visit Singapore on Rainy Day.

Thanks.

Asia Calling: Vietnam’s Silicon Valley Ambitions

We are very positive on Vietnam Economy. In Special Situation Blog, we advise our reader to stay away from Malaysian stocks for next 5-10 years.

Qualified CFD Trader

I can continue my CFD Trading in Singapore. ;)


Thanks!

Number of Chinese Billionaires Skyrockets

Article : http://blogs.wsj.com/chinarealtime/2013/10/11/number-of-chinese-billionaires-skyrockets/

Comments from Special Situation Blogger:
1) We're focus in China , expect good return in China Stock Market in coming years.
2) Continuously CONFIDENCE on China Renminbi Currency.
3) Agree with China Peaceful Policy.

The Salaries of 338 Professions in Malaysia

[1] Pilot (Airlines / Aviation / Aerospace / Defense) 35,000 MYR
[2] Vice President (Executive and Management) 33,000 MYR
[3] Senior Accountant (Accounting and Finance) 30,000 MYR
[4] Chief Operating Officer (Executive and Management) 28,542 MYR
[5] Materials Engineer (Engineering) 28,000 MYR
[6] Government Affairs Director (Government and Defence) 27,000 MYR
[7] Regional Director (Executive and Management) 26,556 MYR
[8] Recruiting Manager (Human Resources) 25,500 MYR
[9] Regional Manager (Banking) 24,500 MYR
[10] Development Manager (Information Technology) 24,492 MYR
[11] Team Leader (Oil / Gas / Energy / Mining) 24,333 MYR
[12] Geotechnical Engineer (Engineering) 22,833 MYR
[13] Managing Director (Executive and Management) 22,533 MYR
[14] Deputy General Manager (Executive and Management) 21,333 MYR
[15] Chief Information Technology Officer (Information Technology) 20,500 MYR
[16] ERP Project Manager (Information Technology) 20,000 MYR
[17] Enterprise Architecture Manager (Information Technology) 20,000 MYR
[18] VB Developer (Information Technology) 18,500 MYR
[19] Chief Executive Officer (Executive and Management) 18,325 MYR
[20] Administrative Director (Teaching / Education) 17,833 MYR
[21] Service Delivery Manager (Information Technology) 17,000 MYR
[22] Biology Teacher (Teaching / Education) 17,000 MYR
[23] ERP / CRM - Technical Consultant (Information Technology) 16,500 MYR
[24] Contract Specialist (Purchasing and Inventory) 16,500 MYR
[25] Banking Operations Department Manager (Banking) 15,252 MYR
[26] Architectural Manager (Architecture) 15,000 MYR
[27] Service Manager (Automotive) 15,000 MYR
[28] Project Manager (Business Planning) 14,833 MYR
[29] General Manager (Executive and Management) 14,656 MYR
[30] Country Manager (Executive and Management) 14,500 MYR
[31] Financial Manager (Accounting and Finance) 14,400 MYR
[32] Controller (Accounting and Finance) 14,167 MYR
[33] Equipment Engineer (Engineering) 14,100 MYR
[34] Telecommunications Manager (Telecommunication) 13,944 MYR
[35] Human Resources Manager (Human Resources) 13,732 MYR
[36] Project Leader (Information Technology) 13,700 MYR
[37] Mechanical Engineering Manager (Engineering) 13,582 MYR
[38] Chartered Accountant (Accounting and Finance) 13,421 MYR
[39] Petroleum Geologist (Oil / Gas / Energy / Mining) 13,350 MYR
[40] Credit and Collections Manager (Banking) 13,250 MYR
[41] IT Manager (Information Technology) 13,150 MYR
[42] Facilities Director (Facilities / Maintenance / Repair) 13,000 MYR
[43] Area Director (Executive and Management) 13,000 MYR
[44] Supply Chain Manager (Purchasing and Inventory) 12,667 MYR
[45] Media Planner (Advertising / Grapic Design / Event Management) 12,600 MYR
[46] Financial Controller (Accounting and Finance) 12,529 MYR
[47] Systems Consultant (Information Technology) 12,500 MYR
[48] Project Manager (Information Technology) 12,000 MYR
[49] Public Relations Manager (Public Relations) 11,500 MYR
[50] Creative Director (Advertising / Grapic Design / Event Management) 11,500 MYR
[51] Technical Manager (Information Technology) 11,175 MYR
[52] Estimating Manager (Business Planning) 11,042 MYR
[53] Executive Director (Executive and Management) 11,000 MYR
[54] Accounts Receivable Manager (Accounting and Finance) 11,000 MYR
[55] Oil and Petrochemical Engineer (Engineering) 10,703 MYR
[56] Manufacturing Manager (Factory and Manufacturing) 10,630 MYR
[57] Telecommunications Engineer (Telecommunication) 10,541 MYR
[58] Head of School (Teaching / Education) 10,292 MYR
[59] Hotel Manager (Food /Hospitality / Tourism / Catering) 10,250 MYR
[60] Quality Manager (Quality Control and Compliance) 10,207 MYR
[61] Highway Engineer (Engineering) 10,200 MYR
[62] Risk Management Supervisor (Accounting and Finance) 10,000 MYR
[63] National Sales Manager (Sales Retail and Wholesale) 10,000 MYR
[64] Quality Assurance Manager (Information Technology) 10,000 MYR
[65] Construction Manager (Construction / Building / Installation) 10,000 MYR
[66] Assembly Supervisor (Factory and Manufacturing) 10,000 MYR
[67] Financial Director (Accounting and Finance) 10,000 MYR
[68] Regional Sales Manager (Sales Retail and Wholesale) 10,000 MYR
[69] Tax Manager (Accounting and Finance) 9,722 MYR
[70] Design Engineer (Engineering) 9,702 MYR
[71] Top Research and Development Executive (Business Planning) 9,690 MYR
[72] Accounting Manager (Accounting and Finance) 9,550 MYR
[73] Process Engineer (Engineering) 9,517 MYR
[74] Enterprise Infrastructure Manager (Information Technology) 9,500 MYR
[75] Systems Architect (Information Technology) 9,500 MYR
[76] Java Developer (Information Technology) 9,269 MYR
[77] Leasing Manager (Real Estate) 9,167 MYR
[78] Software Architect (Information Technology) 9,117 MYR
[79] Media Planner (Media / Broadcasting / Arts / Entertainment) 9,000 MYR
[80] Geologist (Oil / Gas / Energy / Mining) 9,000 MYR
[81] Professor - Geological Sciences (Teaching / Education) 9,000 MYR
[82] Purchasing Manager (Purchasing and Inventory) 9,000 MYR
[83] Branch Manager (Banking) 8,660 MYR
[84] Project Manager (Construction / Building / Installation) 8,613 MYR
[85] Auditing Manager (Accounting and Finance) 8,500 MYR
[86] Project Manager (Executive and Management) 8,428 MYR
[87] Environmental Manager (Environmental) 8,333 MYR
[88] Compliance Specialist (Banking) 8,250 MYR
[89] Relationship Manager (Banking) 8,244 MYR
[90] Area Manager (Sales Retail and Wholesale) 8,175 MYR
[91] Credit Analyst (Banking) 8,150 MYR
[92] Market Research Manager (Marketing) 8,150 MYR
[93] Architectural Designer (Architecture) 8,120 MYR
[94] Civil Engineer (Construction / Building / Installation) 8,067 MYR
[95] Aerospace Engineer (Airlines / Aviation / Aerospace / Defense) 8,000 MYR
[96] Product Marketing Manager (Marketing) 8,000 MYR
[97] Aircraft Mechanic (Airlines / Aviation / Aerospace / Defense) 8,000 MYR
[98] Advertising Sales Director (Advertising / Grapic Design / Event Management) 8,000 MYR
[99] Data Security Manager (Information Technology) 8,000 MYR
[100] Project Coordinator (Information Technology) 8,000 MYR
[101] Geophysicist (Oil / Gas / Energy / Mining) 8,000 MYR
[102] Call Centre Manager (Customer Service and Call Center) 7,925 MYR
[103] Consultant (Information Technology) 7,822 MYR
[104] Government Affairs Representative (Government and Defence) 7,800 MYR
[105] Quality Assurance Manager (Quality Control and Compliance) 7,667 MYR
[106] Business Systems Analyst (Information Technology) 7,500 MYR
[107] Insurance Analyst (Insurance) 7,500 MYR
[108] Electrical Engineer (Engineering) 7,448 MYR
[109] Architect (Architecture) 7,440 MYR
[110] Loan Team Leader (Banking) 7,300 MYR
[111] Software Support Engineer (Information Technology) 7,297 MYR
[112] Investigator (Law Enforcement / Security / Fire) 7,267 MYR
[113] Applications Systems Specialist (Information Technology) 7,250 MYR
[114] Pharmacist (Pharmaceutical and Biotechnology) 7,240 MYR
[115] CRM Application Administrator (Information Technology) 7,200 MYR
[116] Media Relations Manager (Media / Broadcasting / Arts / Entertainment) 7,200 MYR
[117] Executive Assistant (Administration / Reception / Secretarial) 7,167 MYR
[118] Consultant (Human Resources) 7,167 MYR
[119] Administrator (Accounting and Finance) 7,100 MYR
[120] Technical Consultant (Information Technology) 7,082 MYR
[121] Production Manager (Factory and Manufacturing) 7,043 MYR
[122] Assistant Director (Executive and Management) 7,032 MYR
[123] Senior Oracle Developer (Information Technology) 7,000 MYR
[124] Market Development Manager (Marketing) 7,000 MYR
[125] Marketing Specialist (Marketing) 7,000 MYR
[126] Information Services Consultant (Information Technology) 7,000 MYR
[127] Risk Analyst (Insurance) 7,000 MYR
[128] Database Developer (Information Technology) 7,000 MYR
[129] Database Administrator (Information Technology) 6,900 MYR
[130] Quality Specialist (Information Technology) 6,767 MYR
[131] Legal Advisor (Legal) 6,756 MYR
[132] Automotive Parts Supplier (Automotive) 6,750 MYR
[133] Quality Manager (Executive and Management) 6,667 MYR
[134] Equipment Engineering Manager (Engineering) 6,650 MYR
[135] Customer Service Manager (Customer Service and Call Center) 6,640 MYR
[136] Product Development Engineer (Engineering) 6,588 MYR
[137] Environmental Engineer (Environmental) 6,500 MYR
[138] HVAC Engineering (Engineering) 6,500 MYR
[139] Tax Research Manager (Accounting and Finance) 6,500 MYR
[140] Business Analyst (Banking) 6,500 MYR
[141] Mechanical Engineer (Engineering) 6,496 MYR
[142] Operations Manager (Executive and Management) 6,488 MYR
[143] Art Director (Advertising / Grapic Design / Event Management) 6,433 MYR
[144] Engineer (Engineering) 6,417 MYR
[145] Business Analyst (Information Technology) 6,333 MYR
[146] System Administrator (Information Technology) 6,329 MYR
[147] Drug Safety / Medical Information Specialist (Pharmaceutical and Biotechnology) 6,328 MYR
[148] Electrical Engineering Manager (Electrical and Electronics Trades) 6,300 MYR
[149] Deputy Director (Executive and Management) 6,250 MYR
[150] Safety Engineer (Engineering) 6,200 MYR
[151] Tester (Information Technology) 6,000 MYR
[152] Events / Promotions Manager (Advertising / Grapic Design / Event Management) 6,000 MYR
[153] Risk Modeling Manager (Insurance) 6,000 MYR
[154] Business Development Manager (Business Planning) 6,000 MYR
[155] Sales Manager (Sales Retail and Wholesale) 5,984 MYR
[156] Production Engineer (Factory and Manufacturing) 5,967 MYR
[157] Field Engineering Manager (Engineering) 5,900 MYR
[158] Legal Services Manager (Legal) 5,872 MYR
[159] Assistant Manager (Banking) 5,833 MYR
[160] Technical Sales (Information Technology) 5,800 MYR
[161] Talent Acquisition Specialist (Human Resources) 5,775 MYR
[162] Business Process Consultant (Information Technology) 5,683 MYR
[163] Software Engineer (Information Technology) 5,656 MYR
[164] Project Engineer (Engineering) 5,655 MYR
[165] Physician - Pediatrics (Health and Medical) 5,600 MYR
[166] Personal Assistant (Administration / Reception / Secretarial) 5,600 MYR
[167] Professor - Psychology (Teaching / Education) 5,500 MYR
[168] Purchasing Manager (Purchasing and Inventory) 5,500 MYR
[169] Marketing Manager (Marketing) 5,475 MYR
[170] Market Research Analyst (Marketing) 5,458 MYR
[171] Risk Manager (Insurance) 5,400 MYR
[172] Employee Services Manager (Human Resources) 5,400 MYR
[173] Electrical Engineering Manager (Engineering) 5,400 MYR
[174] Systems Analyst (Information Technology) 5,375 MYR
[175] Developer / Programmer (General) (Information Technology) 5,365 MYR
[176] Production Engineer (Engineering) 5,300 MYR
[177] UNIX Administrator (Information Technology) 5,300 MYR
[178] Financial Accountant (Accounting and Finance) 5,270 MYR
[179] Data Analyst (Information Technology) 5,225 MYR
[180] Financial Analysis Manager (Banking) 5,200 MYR
[181] Retail Store Manager (Sales Retail and Wholesale) 5,177 MYR
[182] Legal Assistant (Legal) 5,167 MYR
[183] Management Consultant (Executive and Management) 5,165 MYR
[184] Administrative Manager (Administration / Reception / Secretarial) 5,125 MYR
[185] Call Center Team Leader (Customer Service and Call Center) 5,025 MYR
[186] Building Monitor (Construction / Building / Installation) 5,000 MYR
[187] Service Advisor (Automotive) 5,000 MYR
[188] Mortgage Advisor (Banking) 5,000 MYR
[189] Medical Scientist (Science and Technical Services) 5,000 MYR
[190] Professor - Accounting (Teaching / Education) 5,000 MYR
[191] Customer Service Trainer (Customer Service and Call Center) 5,000 MYR
[192] Marketing Assistant (Marketing) 4,950 MYR
[193] Quantity Surveyors (Construction / Building / Installation) 4,933 MYR
[194] Employee Development Specialist (Human Resources) 4,830 MYR
[195] Business Analyst (Business Planning) 4,757 MYR
[196] Customer Service Team Leader (Customer Service and Call Center) 4,750 MYR
[197] CAD Drafter (Architecture) 4,750 MYR
[198] Sales Executive (Sales Retail and Wholesale) 4,602 MYR
[199] Investment Advisor (Accounting and Finance) 4,600 MYR
[200] Assistant Manager / Estimator (Automotive) 4,600 MYR
[201] Network Engineer (Information Technology) 4,597 MYR
[202] Aviation Analyst (Airlines / Aviation / Aerospace / Defense) 4,575 MYR
[203] Accountant (Accounting and Finance) 4,551 MYR
[204] Product Engineer (Engineering) 4,548 MYR
[205] Office Manager (Administration / Reception / Secretarial) 4,528 MYR
[206] Event Marketing (Marketing) 4,500 MYR
[207] Environmental Specialist (Environmental) 4,500 MYR
[208] Account Manager (Sales Retail and Wholesale) 4,493 MYR
[209] Waste Management Manager (Environmental) 4,438 MYR
[210] Capacity Planner (Business Planning) 4,400 MYR
[211] Quality Assurance Engineer (Engineering) 4,400 MYR
[212] Sales Consultant (Sales Retail and Wholesale) 4,400 MYR
[213] Auditor ( internal ) (Accounting and Finance) 4,390 MYR
[214] Quality Control Analyst (Factory and Manufacturing) 4,350 MYR
[215] Human Resources Assistant Manager (Human Resources) 4,342 MYR
[216] Media Relations Specialist (Public Relations) 4,333 MYR
[217] Zone Manager (Executive and Management) 4,225 MYR
[218] Project Engineer (Construction / Building / Installation) 4,223 MYR
[219] Breast Center Manager (Health and Medical) 4,200 MYR
[220] Attorney (Legal) 4,200 MYR
[221] Site engineer (Construction / Building / Installation) 4,200 MYR
[222] Call Center Representative (Customer Service and Call Center) 4,200 MYR
[223] Financial Analyst (Accounting and Finance) 4,150 MYR
[224] Recruiter (Human Resources) 4,150 MYR
[225] Facilities Maintenance Manager (Facilities / Maintenance / Repair) 4,150 MYR
[226] Manufacturing Engineer (Factory and Manufacturing) 4,100 MYR
[227] Brand Marketing (Marketing) 4,100 MYR
[228] Advertising Manager (Advertising / Grapic Design / Event Management) 4,100 MYR
[229] Translator (Bilingual) 4,000 MYR
[230] Relationship Manager (Executive and Management) 4,000 MYR
[231] Sales Manager (Marketing) 4,000 MYR
[232] Accounts Payable Clerk (Accounting and Finance) 4,000 MYR
[233] Regional Property Operations Manager (Real Estate) 4,000 MYR
[234] Sales Engineer (Engineering) 4,000 MYR
[235] Budget Analyst (Accounting and Finance) 4,000 MYR
[236] Interior Designer (Architecture) 3,900 MYR
[237] C# Developer (Information Technology) 3,900 MYR
[238] Laboratory Manager (Health and Medical) 3,900 MYR
[239] Chemist (Science and Technical Services) 3,830 MYR
[240] Assistant Operations Manager (Executive and Management) 3,800 MYR
[241] Financial Assistant (Accounting and Finance) 3,800 MYR
[242] Leasing Consultant (Real Estate) 3,800 MYR
[243] Manufacturing Engineer (Engineering) 3,800 MYR
[244] Nursing Supervisor (Health and Medical) 3,800 MYR
[245] Assembly Foreman (Factory and Manufacturing) 3,770 MYR
[246] Auditor ( external ) (Accounting and Finance) 3,725 MYR
[247] Business Development (Business Planning) 3,725 MYR
[248] Marketing Executive (Marketing) 3,700 MYR
[249] Web Designer (Information Technology) 3,700 MYR
[250] Cost Accounting Manager (Accounting and Finance) 3,700 MYR
[251] Field Engineer (Engineering) 3,700 MYR
[252] Civil Engineer (Engineering) 3,680 MYR
[253] Mortgage Loan Processor (Banking) 3,650 MYR
[254] Computer Teacher (Teaching / Education) 3,625 MYR
[255] Chemistry Teacher (Teaching / Education) 3,600 MYR
[256] Life Scientist (Science and Technical Services) 3,500 MYR
[257] Academic Advisor (Teaching / Education) 3,500 MYR
[258] IT Support (Information Technology) 3,458 MYR
[259] PHP Developer (Information Technology) 3,400 MYR
[260] Buyer (Purchasing and Inventory) 3,341 MYR
[261] Supervisor (Executive and Management) 3,316 MYR
[262] Construction Supervisor (Construction / Building / Installation) 3,300 MYR
[263] Secretary ( Legal ) (Administration / Reception / Secretarial) 3,300 MYR
[264] Risk Analyst (Banking) 3,300 MYR
[265] Direct Sales Representative (Banking) 3,267 MYR
[266] Customer Service Executive (Customer Service and Call Center) 3,201 MYR
[267] Quality Improvement Coordinator (Quality Control and Compliance) 3,160 MYR
[268] Loan Processor (Banking) 3,150 MYR
[269] Sales Representative (Sales Retail and Wholesale) 3,145 MYR
[270] Forestry Consultants (Environmental) 3,142 MYR
[271] Quality Control Analyst (Quality Control and Compliance) 3,125 MYR
[272] Customer Service Representative (Customer Service and Call Center) 3,090 MYR
[273] Administrative Assistant (Administration / Reception / Secretarial) 3,083 MYR
[274] Assistant Accounting Manager (Accounting and Finance) 3,038 MYR
[275] Secretary ( Management Support ) (Administration / Reception / Secretarial) 3,000 MYR
[276] Industrial Engineer (Engineering) 3,000 MYR
[277] Project Planner (Business Planning) 3,000 MYR
[278] Client Liaison Officer (Customer Service and Call Center) 3,000 MYR
[279] VB.NET Developer (Information Technology) 3,000 MYR
[280] Landscape Architect (Architecture) 3,000 MYR
[281] Accounts Executive (Banking) 3,000 MYR
[282] Automotive Sales (Automotive) 3,000 MYR
[283] Field Service Technician (Electrical and Electronics Trades) 3,000 MYR
[284] Purchasing Assistant (Purchasing and Inventory) 2,967 MYR
[285] Production Executive (Executive and Management) 2,913 MYR
[286] Microbiologist (Science and Technical Services) 2,900 MYR
[287] Compensation Manager (Human Resources) 2,890 MYR
[288] Staff Nurse (Health and Medical) 2,848 MYR
[289] Executive Human Capital Management (Human Resources) 2,840 MYR
[290] Graphic Designer (Advertising / Grapic Design / Event Management) 2,800 MYR
[291] Pipeline Technician (Oil / Gas / Energy / Mining) 2,800 MYR
[292] Secretary ( Executive ) (Administration / Reception / Secretarial) 2,800 MYR
[293] Animator (Advertising / Grapic Design / Event Management) 2,800 MYR
[294] Help Desk Support (Information Technology) 2,755 MYR
[295] Professor - Mechanical Engineering (Teaching / Education) 2,700 MYR
[296] Sales Assistant (Sales Retail and Wholesale) 2,675 MYR
[297] Merchandise Planner (Business Planning) 2,650 MYR
[298] Keyboard and Data Entry Operators (Administration / Reception / Secretarial) 2,620 MYR
[299] Financial Assistant (Banking) 2,600 MYR
[300] Payroll Supervisor (Accounting and Finance) 2,600 MYR
[301] Office Coordinator (Administration / Reception / Secretarial) 2,554 MYR
[302] Restaurant Manager (Food /Hospitality / Tourism / Catering) 2,550 MYR
[303] Accounting Assistant (Accounting and Finance) 2,533 MYR
[304] Advertising Coordinator (Advertising / Grapic Design / Event Management) 2,510 MYR
[305] Quality Control Inspector (Factory and Manufacturing) 2,500 MYR
[306] Child Care Coordinator (Teaching / Education) 2,500 MYR
[307] Security Administrator (Information Technology) 2,500 MYR
[308] Human Resources Administrator (Human Resources) 2,500 MYR
[309] Art Teacher (Teaching / Education) 2,500 MYR
[310] Aircraft Maintenance Manager (Airlines / Aviation / Aerospace / Defense) 2,500 MYR
[311] Maintenance Engineer (Engineering) 2,500 MYR
[312] Teller (Banking) 2,483 MYR
[313] Accounts Receivable Clerk (Accounting and Finance) 2,400 MYR
[314] Claims Processor (Insurance) 2,332 MYR
[315] Network Specialist (Information Technology) 2,300 MYR
[316] Cartoonist / Animator (Media / Broadcasting / Arts / Entertainment) 2,300 MYR
[317] Transportation Engineer (Engineering) 2,300 MYR
[318] Laboratory Technician (Health and Medical) 2,300 MYR
[319] Electronics Technician (Electrical and Electronics Trades) 2,300 MYR
[320] Inspection Supervisor (Quality Control and Compliance) 2,200 MYR
[321] Reporter (Publishing and Printing) 2,110 MYR
[322] Call Center Quality Analyst (Customer Service and Call Center) 2,050 MYR
[323] Plumber (Construction / Building / Installation) 2,000 MYR
[324] Physiotherapists (Health and Medical) 2,000 MYR
[325] Quality Trainer (Quality Control and Compliance) 2,000 MYR
[326] Librarian (Teaching / Education) 1,900 MYR
[327] Biostatistician (Pharmaceutical and Biotechnology) 1,900 MYR
[328] General Laborer (Facilities / Maintenance / Repair) 1,750 MYR
[329] Driver (Courier / Delivery / Transport / Drivers) 1,740 MYR
[330] Clerk (Banking) 1,650 MYR
[331] General Maintenance Worker (Facilities / Maintenance / Repair) 1,650 MYR
[332] Typist (Administration / Reception / Secretarial) 1,600 MYR
[333] Clerk (Administration / Reception / Secretarial) 1,600 MYR
[334] Bar Attendant (Food /Hospitality / Tourism / Catering) 1,500 MYR
[335] Physical Therapist (Health and Medical) 1,400 MYR
[336] Construction Project Manager (Construction / Building / Installation) 1,000 MYR
[337] Assistant Retail Store Manager (Sales Retail and Wholesale) 1,000 MYR
[338] Foreman (Construction / Building / Installation) 910 MYR

Tan Chong Motor in Myanmar

1) TCM has secured a 50-year permit from the Myanmar Investment Commission (MIC) to manufacture and market motor vehicles in the Bago region, Myanmar. This comes as no surprise as highlighted in our previous report.

2) We are positive on this development, for it allows TCM to progressively grow its regional footprint and reduce dependency on the domestic market. Our earnings forecasts are unchanged as contribution from Myanmar will be small in the near term.

For advertisement, please contact us ( cllee83@gmail.com ) 

Agilent Technologies : Separate into two publicly traded companies

Agilent Technologies (A +3.37% to $50.98) announced plans to separate into two publicly traded companies: one in life sciences, diagnostics and applied markets that will retain the Agilent name, and the other that will be comprised of the Co’s current portfolio of electronic measurement products.

Special Situation Porfolio : Open Position in AIG @NYSE

Open a long position in AIG with CFD from CMC Markets.

We use a simple probability to make this trade success.

Retirement looms for Anthony Bolton - the City’s Quiet Assassin

It’s almost exactly 10 years since Anthony Bolton “knifed” Michael Green, the would-be chairman of ITV, in one of the most famous shareholder coups in British corporate history.


Mr Bolton was dubbed the City’s Quiet Assassin: never before had an investor – albeit the most successful fund manager in Britain – so suddenly and uncompromisingly blocked a board decision and ended a successful corporate career.


On Monday there were plenty wondering if, a decade on, Mr Bolton’s own career was ended by an investor revolt, too. The legendary fund manager, who ran Fidelity’s UK Special Situations fund for 28 years, announced his retirement on an unedifying low. His Fidelity China Special Situations, which he postponed his first retirement to launch, has recovered from losing a third of its value in its first year in 2010, but it is still showing big losses.


Sitting in Fidelity’s offices in the shadow of St Paul’s, Mr Bolton is candid about his recent performance but insists his retirement is entirely his decision.

To read more ...

Top Hotel Booking Website in 2013 : Agoda.com

There're many hotel booking website nowadays.

In 2013, We rated Agoda.com as the top online hotel booking website based on :

1) User-Friendly Website

2) Rewards

3) Solid Hotel Networking

4) Branding

5) Customer Service

The 20 Things You Need To Let Go To Be Happy

Everyone has one common goal in life: to achieve true happiness. The biggest factor holding us back from achieving our dreams is, simply and sadly, our own selves. We put limitations on ourselves everyday, whether intentionally or unintentionally. There are so many ways we can alleviate these restraints.

Remember, life can either be something you embrace or something you hide from. Stop making things complicated and just live your life. It would be so much simpler and more enjoyable if we learned to just release certain limitations.

Let’s take a look at the things you need to let go of in order to become a happier person.

http://elitedaily.com/life/20s-things-you-need-to-let-go-to-live-happy-life/

Could I become a Millionaire by Trading CFDs?

This is one of GREAT link for our readers about CFDs

http://www.youtube.com/watch?v=0dNKpFnydIA

PureGreenTeas.com - Top Online Green Tea Store in Malaysia & Singapore

PureGreenTeas.com is a premium japanese green tea store in Malaysia. Currently, it's expanding to Singapore.

For our readers, you can visit www.puregreenteas.com for further information.

Why buy online?

- No rental, No fixed labor cost.

- Fast & Easy Order.

- Cheaper than any Green Tea Shop in shopping mall.

Visit PureGreenTeas.com at forum :

Premium Japanese Green Tea for SALES

http://english2.cari.com.my/forum.php?mod=viewthread&tid=742162&fromuid=1949081

Tripadvisor : The Largest Travel Site in the World

Plan and have your perfect trip with TripAdvisor, the world's largest travel site. Browse over 100 million candid reviews, opinions, and photos of hotels, restaurants, attractions, and more - all by travelers like you. You'll also find low airfares, free travel guides, worldwide vacation rental listings, popular forums with advice about virtually every destination, and more. No wonder so many travelers make TripAdvisor their first stop before every trip.

http://www.tripadvisor.com/


Special Situation Porfolio added this counter as watchlist. We will do more research on this company.

15 Aug 2013 : It's time to exit Gold Investment

After a glitch that delayed their release, a flood of 13F filings, which tell us what hedge funds were holding at the end of the last quarter, poured in Wednesday afternoon.

John Paulson was an early highlight, with his fund cutting more than half of its position in the SPDR Gold Trust GLD . This after the billionaire manager stood by his gold-backed exchanged-traded fund for several quarters.

His exit coincided with unprecedented gold ETF outflows in the second quarter. Net outflows reached $18.5 billion in the period between end of March through June, marking the biggest quarterly sell-off since the first gold ETF was launched in 2003.

Paulson also offed holdings in Barrick Gold ABX and held tight to holdings in Agnico Eagle Mines AEM , Allied Nevada Gold ANV and Iamgold IAG . Paulson added to its stake in Freeport-McMoRan Copper & Gold FCX .

Elsewhere, George Soros also took part in the massive gold ETF exodus, dumping nearly 531,000 shares of the SPDR Gold Trust while more than doubling his relatively small Apple AAPL position.

Source : http://www.marketwatch.com/story/soros-buys-jc-penney-apple-dumps-spdr-gold-2013-08-14

Special Situation Blog encourage reader to stay away from gold now.

Plantation Stocks in Malaysia, Singapore, Indonesia

Special Situation expects the Plantation Stock (Palm Oil)s are going to downgrade in coming months.


Stay alert during this period.


Thanks.

PureGreenTeas.com : Offer the best Japanese Green Tea for everyone....

http://puregreenteas.com

For any readers on this blog, you can get 10% discount voucher on your order.

Forward your receipt to support@puregreenteas.com with title "Special Situation". We will send you the 10% discount voucher.

Portfolio Update : Reduced position in AIG

11 June 2013 - Sold out 50% of position in AIG to lock profits.


Reason: Expect the federal reserve to raise the interest gradually on coming months.

AirAsia X Berhad - IPO

Details :
Offer/Issue Price : RM1.45
Closing Date : 19 June 2013
Listing Date : 10 July 2013



Company Profile:
AirAsia X is a long-haul, budget airline based in Malaysia. The airline is operated by AirAsia X Sdn. Bhd. (previously known as FlyAsianXpress Sdn. Bhd.). It commenced operations on 2 November 2007. Its first service flew from Kuala Lumpur International Airport, Malaysia, to Gold Coast Airport in Australia. AirAsia X flies to destinations within Asia and Oceania. The airline operates a fleet of 11 aircraft and has placed orders for more.

AirAsia X is the international operation of the brand AirAsia, which is Asia's largest low-cost carrier. The franchise is able to keep costs down by using a common ticketing system, aircraft livery, employee uniforms, and management style.AirAsia X is also affiliated with Virgin Group and Air Canada.

Shareholders
The entrance of two new major investors has given the company financial aid for future expansion plans.
As of 14 February 2008, 48% of AirAsia X is owned by Aero Ventures; a venture of Tony Fernandes and other prominent Malaysians, as well as Air Canada's Robert Milton. Virgin Group own 16% and a further 16% is owned by AirAsia. Bahrain-based Manara Consortium, and Japan-based Orix Corp have taken a 20% stake in AirAsia X for RM250 million.

Foreign funds net sellers of RM523.9m of Malaysian equities

KUALA LUMPUR: Foreign selling on Bursa Malaysia extended into the week ended June 7, which was the second consecutive week, where they were net sellers of RM523.90mil in Malaysian equities, says MIDF Equities Research.

more...

Google, like Facebook, in talks to buy Waze for about US$1bil

Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a source.

Other media have reported that Facebook Inc has held talks to buy Waze for as much as $1 billion.

Google and other parties approached Waze after the Facebook talks became public but none of the bidders are close to clinching a deal, Bloomberg said, adding that the start-up might decide to remain independent.

Waze could not immediately be reached for comment. Google did not immediately respond to requests for comment.

Waze uses satellite signals from members' smartphones to generate maps and traffic data, which it then shares with other users, offering real-time traffic info. - Reuters

Taxi Service Contact in Taiwan

If you're looking for taxi service in Taipei, you can contact either one of them for booking purpose.


Thanks.

CASINO MACAU SJM : First Quarter Results 2013 -> Moderate Growth

Background

SJM Holdings Limited is the holding company of Sociedade de Jogos de Macau S.A. ("SJM"), one of the six companies authorised to operate casino games of fortune and other games of chance in casinos, under the terms of a concession granted by the government of the Macau Special Administrative Region in March 2002. SJM is the only casino gaming concessionaire with its roots in Macau, and is the largest in terms of gaming revenue and number of casinos.

SJM's casinos are located in prime locations on the Macau Peninsula and Taipa Island and convenient to principal entry points. Gaming operations are comprised of VIP table gaming, Mass Market table gaming and slot machines.

Overview

• In 1Q13, SJM recorded gaming revenue of HK$21,734M, up 10.4% YOY. Adjusted EBITDA grew 11.2% YOY to HK$2,129M. Profit attributable to owners grew 11.8% to HK$1,915M. 
• The gaming revenue accounted for 26.2% of Macau’s casino gaming market in 1Q13, down from 26.7% at the end of 2012.
• In 1Q13, VIP gaming revenue increased 13.4% YOY to HK$15,137M. Revenue from mass market gaming business was up 4.7% YOY to HK$6,220M and the slot machine revenue declined 4.2% YOY to HK$377M in 1Q13.
• The gaming revenue from Casino Grand Lisboa amounted to HK$8,327M, up 24.0% YOY and accounted for 38.3% of the total.

Suggestion

• P/E ratio is 17.6x and P/B is 6.28x.
• 2012 ROE: 36.4%
• Currently valuation is moderate. 
• We maintain BUY and HOLD rating on this counter.

Development of Cotai land

In 2012, SJM obtained the right to lease the land parcel with the area of 70,468 square meters in Cotai with an initial term of 25 years. SJM intends to build a casino gaming resort on theCotai Land. The resort may add another 700 gaming tables and 1,000 slot machines as well as 2,000 hotel rooms to SJM, which is subject to the approval of the authorities.

Income Statement

2013 : Good Opportunity in China Stock Market

Special Situation portfolio, continue to accumulate more shares in China/Hong Kong Stock market because the market valuation is among the lowest in Asia.

Consumer in China - Very important for you to success in marketing good money.

Latest News : Citigroup

Citigroup (C +2.5% to $51.34): Citi Brazil announced the definitive agreement with Banco Itaú Unibanco to sell Credicard, its non-banking credit card and consumer finance business, subject to approval by Brazilian regulatory authorities. The deal is expected to generate a gain on the sale of appx $300M after-tax.

Insider Filing : AIG - Top Buy for Value Stock in NYSE

Special Situation Portfolio:
AIG - Added Position by 100%.


This is a smart trading, which target price at USD50.00.

Thesis:
Current AIG is trading at Price/Book Value : 0.70. We expected the hedge fund manager will keep promote this counter, and we should invest more into AIG when the AIG price is trying to catch up to its book value.

Seth Klarman, hedge fund manager, already bought the AIG with 8% to his portfolio.


Ken Heebner is another top growth hedge fund manager, who bought AIG since Dec 2012.


With this solid data, i expect the global economy is in transition from bear market to bull market. This is the start of bull market.

Agilent : Stock Repurchase & Cut 450 jobs

Agilent Technologies (A +3.89% to $45.68) posted a 2Q adj EPS of $0.77 vs $0.78 a year ago ($0.67 expected) on revenue of $1.73B, flat YoY. The Co expects 3Q EPS to be in a range of $0.60 to $0.64 and revenue to be $1.63B to $1.66B. The Co will increase its stock repurchase program by $500M to $1B and cut about 450 jobs this year.

Galaxy Entertainment (0027)

Macau casino operator Galaxy Entertainment Group said its first-quarter adjusted earnings rose, fueled by record wins from mass-market gamblers in the world's largest gambling market.

AIG : Upgraded to Overweight

AIG (AIG +1.04% to $44.64) was upgraded to "overweight" from "equalweight" at Barclays.

Galaxy Entertainment Group (0027) - Hang Seng Index

Galaxy Entertainment Group (27) will replace Esprit Holdings (330) in Hong Kong's benchmark Hang Seng Index, effective June 17, announced Hang Seng Indexes Co Ltd.

#1 Good Quote

“If you work hard on your job you can make a living. If you work hard on yourself you can make a fortune.” – Jim Rohn

Stadium Batu Kawan : Answar - PKR Leader

Approximately 120,000 people attend blackout event in Stadium Batu Kawan, Pulau Pinang.

TSLA.NAQDAQ : Tesla gets $95 price target as shorts are jolted by first profit

Here’s quick rundown:
Northland Capital sets $95 target based on 2016 estimate for Tesla to earn $5.01 a share, or 25 times earnings. The firm previously had a $50 target price.
Lazard puts $75 tag on the stock based on 2017 earnings of $7.20, or 16 times earnings; target up from $48.
Goldman downshifts to neutral. The stock has skyrocketed 110%  since it put a buy rating on the shares Jan. 17. Goldman sets new 6-month target of $61.

120,000 at 8 MAY GATHERING! Pidato Anwar Ibrahim Stadium Kelana Jaya Rabu 8 Mei 2013 8.30 malam

TripAdvisor : 1Q results

TripAdvisor (TRIP -4.58% to $52.49) posted 1Q diluted EPS of $0.5, up 70% QoQ and up 39% YoY on revenue of $229.9M, up 36% QoQ and up 25% YoY.

Walton International : Landbanking Investment? Should you invest?

Read before you talk to your broker from Walton International :


On 5 March 2009, Bank Negara Malaysia raided Walton International Property Group (M) Sdn Bhd under the Exchange Control Act (ECA) 1953. The raids were simultaneously conducted at the premises of the company in Kuala Lumpur (W. Persekutuan), Kota Kinabalu (Sabah) and Kuching ( Sarawak ) following complaints received from members of the public. Relevant documents of the company were seized for purpose of the investigation.
Members of the public are advised to be cautious of this type of land banking schemes promoted by the company. Any elements of deposit-taking activities and public offerings such as ‘interest schemes' or investment in real estates schemes (better known as ‘real estate investment trusts' - REITs) should be referred to the appropriate authorities such as Bank Negara Malaysia, Suruhanjaya Syarikat Malaysia and Suruhanjaya Sekuriti. Members of the public are also advised to use lawful remittance channels when making payment or sending money overseas. A list of legitimate remittance channels can be referred at the Bank Negara Malaysia's website ( www.bnm.gov.my ) for either licensed banks or licensed non-bank remittance operators.
For further enquiries, members of the public can contact Bank Negara Malaysia at the following contact points:
Laman Informasi Nasihat dan Khidmat (BNMLINK)
(Walk-in Customer Service Centre)
Ground Floor, Block D
Jalan Dato' Onn
50480 Kuala Lumpur
BNMTELELINK (Customer Service Call Centre)
1-300-88-5465 or
E-mail: bnmtelelink@bnm.gov.my


Enforcement Action : http://www.bnm.gov.my/microsites/fraudalert/03_10_permission3.htm

Galaxy to buy Macau gambling resort Grand Waldo for $419 million

Galaxy Entertainment Group Ltd., the casino operator that doubled its profit last year, is buying the Grand Waldo resort in Macau for HK$3.25 billion ($419 million) to lure more Chinese tourists.
Galaxy will buy Grand Waldo land and buildings, including a 29,700 square-meter hotel, from units of Get Nice Holdings Ltd., according to statements from the two companies yesterday. A casino within the Grand Waldo complex is already run by Galaxy, which holds one of Macau’s six gaming licenses.
The property, which is based on Macau’s Cotai Strip, would boost Galaxy’s presence in the area that is being built into Asia’s equivalent of the Las Vegas Strip. Casino operators from Sands China Ltd. to Melco Crown Entertainment Ltd are adding new attractions, gambling tables and resorts to draw more Chinese tourists to Cotai.
Mainland Chinese visitors propelled casino revenue in the world’s largest gambling hub to a record 304 billion patacas ($38 billion) in 2012. Galaxy, founded by billionaire Lui Che- Woo, in March reported annual profit that more than doubled.
Its 2012 net income rose to HK$7.4 billion from HK$3 billion a year earlier. Galaxy, based in Hong Kong, said in December it would invest as much as HK$50 billion to expand a separate Macau resort.
The casino operator has received approval from the government to add 50 tables between its Galaxy Macau and Starworld properties, Deputy Chairman Francis Lui said at a press conference in March. Macau is the only place in China where casino gambling is legal.
Galaxy shares have climbed 13 percent this year compared with a 0.2 percent gain for the benchmark Hang Seng Index.

Macau Casino : Revenue rose 13% YoY in 1Q 2013

Macau gambling revenue rose 13% YoY in April according to data from Macau's Gaming Inspection and Coordination Bureau.

Sands China (1928) released 1Q net income up 63.3% YoY to $453M on revenue of $2.0B vs $1.5B a year earlier. In other news, the Co was downgraded to "hold" from "buy" at DBS Vickers.

Maybank Interbank GIRO transaction fee - 10 cents/transaction from May 2013

Effective 2 May 2013, the fee for Interbank GIRO or IBG transactionsperformed online via internet banking and mobile banking will be 10 sen per transaction.

Malaysia : Travel Insurance Agency by Online

There're a few insurance companies offer online travel insurance package. It's very convenience to subscribe it.

AIG   : https://www.aigdirect.com.my
HSBC : http://www.hsbc.com.my/1/2/personal-banking/insurance/travelsafe
AXA : http://www.axa.com.my/123/en/Personal-Insurance/Travel/SmartTraveller
Maybank : http://malaysia.insurers.net/accounts/maybank-travel-insurance.html
Min Charge from RM30.00



Experience:
I bought AIG Direct's Air Travel Insurance on 9 May 2013.

Experience Rating : 10/10
Payment System : 10/10 (Online via VISA Credit Card)
Comments: Convenience, Easy and Reliable brand.


Disclosure: I'm not insurance agent.

Has Gold ended its decade-long bull run?

The sharp plunge of gold prices has heightened fears among investors that the precious metal’s decade-long bull run has ended. Spot gold prices tumbled more than $100 an ounce in a few hours on Monday, and since last Friday its dropped 15% to a two year low of 1322 from the height of 1567, the sharpest two days tumble since 1983. 

People had been caught unaware by just how quickly the market has moved given that the fundamental investment case is unchanged. We have been careful when establishing gold-hedge positions even since gold moved below the $1,600 mark and the Fed started changing its tone on the US stimulus policy. Looking back, MTA players would agree now that our decision to cut loss of $120 on our long position in February was a good bet.

We have been watching all the market moves over the last three trading days. Clearly, everyone was trying to get out of gold regardless of the fundamental arguments. Selling that opened up on Friday and Monday has pushed gold down through two critical support levels of 1520 and 1470. The selling triggered panic stop losses and program selling.

When you have been watching markets and price movements for as long as I have and understand how markets think and operate, you will agree the latest rout on gold demonstrated the importance of technical analysis in determining price behaviors.

Although the extent of the sell-off has been so swift, so severe, and unprecedented in terms of my own experience based on the percentage decline, there were warnings all around that the gold price was going down for weeks.

Since 2009, gold has been part of our portfolio to hedge on the possible US dollar weakness driven by the US quantitative easing (QE) policies. We thought it would be prudent to replace the buy and hold hedging style with algorithmic trading approach early this year. It was clearly another right tactical move based on what is happening to gold and other metals these few trading days.

Does it mean the bull market for gold is gone for good? Long-term gold investors see the metal as a long-term store of real value in a debt-driven financial system. The long-term view is that all the QEs and competitive currency debasement that we are seeing will eventually push gold higher. Some believe every market on the planet is now subject to manipulation and that the latest gold’s plunge is a result of market manipulation. Others were surprised that gold had become less sensitive to bad economic news and market shocks so far this year.

The yellow metal did not react to bullish news which could have driven it up such as the Korea tension or weaker than expect US economic data that would have changed the Fed views on its policy. The Fed has signaled the end of QE in its last two monthly minutes of Fed rate-setting meetings.

In our next update in these troubled times, we would like to bring you back to the start of Fed’s QE program in late 2008 and explain what has been happening since then in terms of market action which will lead us to the near term outlook for gold and other markets. Stay tuned! 

Malaysian Chinese May Drop Najib as Fear of Riot Repeat Ebbs

Malaysian businessman Stanley Thai says he’s joining thousands of fellow ethnic Chinese citizens in abandoning support for Prime Minister Najib Razak and voting for the opposition for the first time in elections next month.

“Why are the Chinese against the government -- it’s simple,” Thai, 53, owner of medical glove-maker Supermax Corp. (SUCB), said in an interview last month. “We don’t want our children to suffer what we suffered, deprived from education, from career opportunities, from business opportunities.”

Chinese, who make up about a quarter of Malaysia’s population, are growing intolerant of affirmative-action programs for Malays propagated by Najib’s alliance of parties, the most recent national poll indicates. Any mass defection by Chinese voters raises the risk of the ruling coalition’s first election loss since it was formed after 1969 race riots.

The violence of 1969 helped persuade many Chinese to backBarisan Nasional, which Najib has led since 2009, as they accepted racial preferences for Malays as the cost of peace. Thai said thinking changed when the government’s electoral take sank in 2008 with little sign of renewed social unrest. “Everyone said, ‘Wow, the time has come,’” he said.

Now, the opposition, led by Anwar Ibrahim, sees the end of race-based policies that have hindered companies such as Supermax as key to long-term economic growth. Najib counters that his gradual reform of the affirmative-action programs will assure stability and avert a slide in stocks and the ringgit that would accompany any opposition victory.

Vision Contest

“It’s a contest ultimately about visions -- do you believe the country is Malay-centered or a state of all its citizens?” saidClive Kessler, emeritus professor at the University of New South Wales in Sydney, who has studied Malaysian politics for half a century. “Najib no longer has adequate non-Malay support,” said Kessler, who estimates the ruling coalition must win about two-thirds of Malay votes to stay in power.

The FTSE Bursa Malaysia KLCI Index (FTSEMIB), which has lagged other Southeast Asian benchmarks this year, gained 0.3 percent today to close at a record high. The ringgit advanced for a third day, the longest rally in three weeks, on speculation further monetary easing in Japan and Europe will boost demand for emerging-market assets.

Anwar’s Group

About half of Malaysia’s 29 million people are Malays, while roughly a quarter have Chinese roots and the rest are mostly ethnic Indians or indigenous groups. One in five ethnic Chinese think the country is headed in the right direction, compared with 75 percent of Malays, according to a February survey by theMerdeka Center for Opinion Research, the most recent available.

In 2008, the ruling 13-party Barisan Nasional coalition won by its slimmest margin since it was formed, with three Chinese parties losing half their parliamentary seats. Anwar’s own multi-racial coalition, which includes a Chinese-majority party and a mostly Malay party that advocates Shariah law in criminal matters, has pledged to eliminate race-based policies to fight corruption.

“What we’re seeing with the implementation of the policy is enormous rent-seeking and patronage and corruption,” saidEdmund Terence Gomez, a professor at University of Malaya inKuala Lumpur who edited a book on the affirmative-action program. “The electoral trends clearly indicate that Malaysians are saying they’ve had enough of race-based politics.”

Malay Preferences

In 1969, Malaysia suspended parliament for more than a year after race riots in the wake of a close election killed hundreds of people. Abdul Razak, Najib’s father, then initiated the racial preferences in 1971 as the country’s second prime minister.

The New Economic Policy sought to raise the share of national wealth to at least 30 percent for Malays and indigenous groups known as Bumiputera, or “sons of the soil,” that make up about 60 percent of the population. They got cheaper housing and quotas for college places, government contracts and shares of listed companies.

While Najib has tweaked the policy for publicly traded firms and extended benefits to poorer members of all races, many other elements remain intact. Malaysia favors Bumiputera companies in awarding contracts from the government and state- owned enterprises, the U.S. Trade Representative wrote in a March report.

“We don’t play the racial card -- we play a moderate Malaysia, an inclusive Malaysia and we’re talking about power sharing,” Najib said in an April 17 interview. “That’s the kind of storyboard that we are trying to convince the Malaysian Chinese.”

College Rejection

Thai, whose father fled China in 1949 during the Communist takeover, is dubious. After growing up on a farm with 13 siblings in Johor, which borders Singapore, he failed to gain entry to a university where Malays received priority and moved to Canada to get a college degree. On his return, he built a business aimed at exporting rubber gloves to avoid restrictions on selling within Malaysia.

Supermax, the nation’s third-largest medical glove-maker, now exports 24 billion gloves a year, said Thai, whose holdings in the company are worth about $93 million. For years he and other Chinese entrepreneurs were wary of publicly speaking out about corruption in the 42-year-old affirmative action program due to concerns of reprisals.

Fear Factor

“We have been brainwashed from Day 1,” Thai said. “We were born and bred with fear and threats by our own government.”

Mahathir Mohamad, who ruled from 1981 to 2003 and was Malaysia’s longest-serving leader, alluded to those fears in a blog post this month urging Chinese voters in Johor to back the government. An opposition win would undermine the racial balance the Barisan Nasional aimed to achieve, he wrote.

“An unhealthy racial confrontation would replace Sino- Malay cooperation which has made Malaysia stable and prosperous,” Mahathir wrote.

Najib said in last week’s interview that his pursuit of gradual change would avoid the upheaval that engulfed the Middle East after longstanding governments collapsed. An opposition win could trigger “catastrophic ruin” that would cause stocks and the currency to plunge, he warned.

‘Still Complaining’

Chinese parties in Barisan Nasional are urging voters to stick with the government to promote social justice and warning that the Malay parties in the opposition will seek to impose Islamic laws. Malays and other indigenous groups owned 22 percent of share capital at limited companies in 2008, compared with 35 percent for Chinese, according to the most recent government statistics.

“The Chinese feel that the government has not done enough for them, but the same can be said of the Indians and the Malays,” said Wilfred Yap, an official with the Chinese- majority Sarawak United People’s Party, which is part of Najib’s coalition. “They are still complaining that the Chinese still control a big chunk of the economy,” he said, referring to the Malay and Indian populations.

Meantime, Anwar’s alliance is emulating Barisan Nasional’s original formula by promoting policies that seek to unite races and religions, according to Liew Chin Tong, a lawmaker with the Chinese-majority Democratic Action Party, one of three in the opposition coalition.

“They are suffering now because they are now only focusing on the Malay votes,” Liew said in an interview last month, referring to the government. “With Mahathir playing the racist card, they are speaking to only the Malay audience in the hope to push the Malay vote up to 65 percent.”

To contact the reporter on this story: Daniel Ten Kate in Bangkok at dtenkate@bloomberg.net

To contact the editor responsible for this story: Rosalind Mathieson atrmathieson3@bloomberg.net

(Source : Bloomberg) 

Top Ten Pick in Malaysia KLSE General Election 2013

Note: To enlarge the picture, please double click on the picture.

Best Stock Pick in Malaysia General Election 2013 weakness ...

This is a very useful stock pick list and fundamental ratio.

Download Link :
https://dl.dropboxusercontent.com/u/90789935/mkt%20correction%20picks%2020130422%20(2).xls

Malaysia General Election 2013 : KLSE Market Risk

According to Fund Management's comment,

"We have opted to continue with the defensive strategy in the short term, in light of the uncertainties surrounding the local market."

Hong Kong dockworkers go on strike

Hong Kong's dockworkers' strike has ended its 23rd day, attracting growing public support.

On March 28, some 450 stevedores and crane operators stopped work at the city's container terminal, which is the world's third busiest. Since Wednesday, 100 of them have been camping outside the headquarters of its operator - Hong Kong International Terminals - in the city center. 
The strike’s organizers say their wages are lower than 18 years ago, even without taking into account the effects of inflation. Conditions are also a complaint. 


Experts doubt if the strikers will win, in part because fragmented unionization means the port is still operating. Nonetheless, the public has donated more than $720,000 to a strike fund. Fellow dockworkers have traveled from as far away as Australia to show solidarity, along with local lawmakers and students who see the fight as part of a larger struggle against growing inequality. 

Since Hong Kong returned from British to Chinese rule in 1997, the city's economy has grown by over 60 percent. Median incomes, however, have stayed the same because nearly all of the extra wealth has gone to the rich. Numerous studies show Hong Kong now has the largest wealth gap in both Asia and the developed world. 

Hong Kong's economy today is dominated by a handful of tycoons who have profited hugely from a lack of anti-monopoly legislation. Richest of them all is the owner of Hong Kong International Terminals, Li Ka-shing. Hong Kongers increasingly resent him as a symbol of the gap between the rich and the lower middle class. 

While Hong Kong International Terminals says it has offered its contractors a 7 percent raise, the strikers are demanding 23 percent.

Bottom fishing on Commodity-related themes

After the recent days of price volatility, many investment experts and investors have suddenly turned to be very bearish towards commodity markets.  Besides, HK and Chinaequity markets have severely underperformed the US equity markets since early February. Despite the pessimism, we are quite positive towards some commodities and relevant listed companies.  The reason is very straight forward ------ Be greedy when people around you have become too bearish.

Global equity markets in general closed lower as some investors have started to take profit from the US equity markets.  The DJIA lost 0.56% to 14,537.1 while the UK-based FTSE 100 index slightly fell 0.01% to 6,243.7.  German DAX lost 0.39% to 7,473.7.

We prefer Petro China (857) to CNOOC (883)

Relatively speaking, we are more positive towards gold compared to industrial commodities such as crude oil after the recent commodity market crunch.  The reasons are very simple. Global economy may have chance to face slowdown risk in the year of 2013, thus limiting the demand growth for industry commodities.  However, inflation risk caused by excessive money supply (note: QEs in some developed countries and loose monetary policy in Chinahave created the problem of excessive liquidity) should buy gold price from 2-3 year perspective.  Besides, risks such as currency war and geopolitical risk in North Asia (note: caused by the North Korea missile incident) may imply higher demand for safe haven assets such as gold.  Gold price is around US$1,391 per ounce while NY crude oil is about US$87.2 per barrel.

In theory, upstream oil energy stocks such as CNOOC (883; HK$13.4) should benefit from potential oil price technical rebound.  Nevertheless, company risk associated with the Nexen acquisition may negatively affect the profit level in 2013 and 2014.  As such, we prefer PetroChina (857; HK$9.31), another state-owned oil energy company that has balanced exposure to upstream and downstream operations.

At HK$9.31, Petro China trades at FY12 P/E of 11.9x (EPS: HK$0.785), and valuation appears to be affordable after few months of share price correction.  The share price was HK$11.06 on January 31, 2013, and current share price has cumulatively corrected for around 16%.  Petro China may suit prudent investors who pursue less-risky stock choices.

Quality gold mining stocks with good speculative value

The speculation game of gold is very straight forward.  If gold price is not as bad as most people think of (note: many people have suddenly turned to be bearish recently), the safe haven asset is likely to rebound considerably in the coming quarters.

To leverage the potential speculation return, quality gold mining stocks may be sensible pick.  At HK$8.12, Zhaojin Mining trades at FY12 P/E of 9.9x (EPS: HK$0.820) and the stock should be extremely oversold after months of share price weakness.  Of course, such speculation game may not suit everybody and exposure of the share should not exceed 5% of total portfolio size.

Vodafone teams with China Mobile for Myanmar Mobile-license bid

Vodafone Group Plc and China Mobile Ltd., the two biggest wireless companies, will join forces to bid for mobile licenses in Myanmar as investors and operators jostle to be among the first into the Southeast Asian country, according to Bloomberg.

The licenses would allow Newbury, England-based Vodafone and China Mobile to build and operate a nationwide network for 15 years, they said today in a statement. Myanmar will announce the winners in early July, the Ministry of Communications and Information Technology said in March.

Investors are piling into newly opened Myanmar, which has less than 10 percent mobile penetration among its 64 million people, after the government said it wants to boost telecommunications coverage to as much as 80 percent of the population by 2016. Billionaire George Soros has also joined with Digicel Group Ltd. and property developer Serge Pun to bid for the licenses, the trio said in a separate statement today.

“Myanmar will be an important new market for the global mobile industry,” Vodafone and China Mobile said in their statement. “The licensing round is also an opportunity to accelerate the pace of Myanmar’s social and economic development.”

Myanmar’s economy is expected to grow 6.2 percent this year, up from an anticipated 5.5 percent increase in 2012, according to an October World Bank report. The government said in February that 91 companies had formally expressed interest in the two licenses.