Auto Policy : Your Gain ! My PAIN ( 2 )

MY PAIN AGAIN TOO READ THIS NEWS !!!!!


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Suzuki plans small-car plant in Thailand

TOKYO, Nov 24 — Japan’s Suzuki Motor Corp today said it would build a factory in Thailand with the capacity to manufacture 100,000 small cars a year after receiving government approval for the project.

Suzuki, Japan’s fourth-largest automaker and known for its strength in the compact car segment, said it would invest ¥20 billion (RM762 million) for a manufacturing site including engine assembly. It plans to start production of the 1.3-litre car in the southeast province of Rayong in March 2012.

Suzuki said it would build about 10,000 cars in the first year.

Bangkok has increased tax incentives to attract global carmakers to invest in output in Thailand of small passenger vehicles with certain specifications such as fuel economy of at least 20 km/litre under its so-called “eco car” project.

Car manufacturers investing in the project would enjoy cuts of up to 90 per cent in import tariffs on foreign car parts and material used for producing the vehicles.

Thailand’s state-run Board of Investment has also offered corporate tax exemption for at least five years provided their production of such cars reaches 100,000 vehicles a year in the first five years of operations.

Other Japanese carmakers such as Toyota Motor Corp, Mitsubishi Motors Corp, Nissan Motor Co, Honda Motor Co, as well as India’s Tata Motors Ltd, plan to the take part in the eco car project. — Reuters

Nice to Hear, Talk is Sweet, Another MLM SCAM

My friend told me there is one (maybe more than one) FOREX trading company using Multi Level Marketing (MLM) scheme to promote FOREX TRADING.

This is getting popular in Penang, Malaysia.

They organise seminars, classes to recruit member, you just need to open trading accounts & place your money in that trading accounts, the forex trading programme will trade for you.

They claim this Forex trading programme will make you gain from forex trade, esp trading Euro in USD.

You will get commission if you recruited a new member, you also earned commission from your down line trades.
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THIS IS ANOTHER MLM SCAM (SAME LIKE SWISSCASH),
THEY SHOW YOU RESULTS FROM INTERNET FOREX TRADING, GAIN IS SO EASY !
BUT THE SCREEN THAT YOU ARE WATCHING, IS IT REAL ?

OR IT IS JUST A SHOW ? A PRE-PROGRAMME RESULTS !
SO LONG AS THE NEW MONEY (FROM MEMBERS)
CONTINUE TO POUR IN, YOUR GAIN WILL CONTINUE TO GROW.

GREED WILL MAKE YOU BELIEVE IT'S REAL, COS YOU ARE SO DESIRE TO MAKE MONEY, ESP EASY MONEY THAT COME TO YOU WITHOUT PUTTING IN ANY EFFORT.

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Common sense prevail !

• Forex movement is most complex, affected by many factors, known & unknown one, even the most experience forex dealer will not guarantee you gain.

• A computer programme is just a tools, if it really can make you gain, the organiser will never go to organise seminars & seminars (work so hard) to attract your money, they will instead enjoy live in holidays while the computer making money for them.

• We have seen many MLM scam, it repeat over & over again, using different name/subject ( Cafe, Unit Trust, Farm, Feng Shui, Gold Bar, Forex etc) to attract members to inject fund into their game plan.

• Money make money is real, but not this MLM scam, it has to be Prosper through Investing in proper method. usually value appreciate in longer term.
  

P/S: Jim Roger said in his Book, A gift to my Children : Common Sense is not that common.

Mr Market Need News ! Rumour ! Insider's Info

The world's economy has seen recovery in almost every parts of the world.

'Ku Shan' Mr. WB said the financial panic is OVER!

Commodities prices has started to rise again; soft & hard, precious & base metal.

Asian currency has already gone up, & will continue to strengthen against USD.

Here we have APEC, and the most important one is Asean + 3, will Asean + 3 ( ie Asean + CHINA + JAPAN + KOREA ) and +INDIA, become the critical catalyst that bring in Foreign Fund/Hedge Fund/ Hot Money into this region?

At least, now we have started to hear more & more news, rumours & insider's info that rock the market:

Bank of East Asia merge HLG & Affin Bank, TA Global go dual listing, China Concept Play, Daya transfer to main board, Director from one main board company want to Goreng his shares................... etc.

Yes! Mr Market really need SPECULATIVE NEWS to rock the market !!!!!!!!!!!!!!!!!!!!

80% were Professionals : Swisscash Victims !!!!!

80% were professionals !

THIS IS NOT JUST GREED! NOT THAT SIMPLE !

OUR EDUCATION SYSTEM MUST INCLUDE FINANCIAL PLANNING SUBJECTS, WE CAN'T JUST PRODUCING ENGINEERS, DOCTORS, LAWYERS WITHOUT FINANCIAL KNOWLEDGE.
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SC: Swisscash victims to get back part of their money

KUALA LUMPUR: Investors in the Swisscash Internet-based investment scam will now be able to get back part of their money following a consent judgment the Securities Commission (SC) entered into with two of the defendants in the case for a sum of RM31mil.

The SC said in a press release that the Swisscash scam involved an estimated total amount of US$83mil, which was what the Kuala Lumpur High Court ordered Albert Lee Kee Sien, Kelvin Choo Mun Hoe and Dynamic Revolution Sdn Bhd to pay in a judgment on Sept 25 last year.

According to SC chairman Tan Sri Zarinah Anwar, the SC entered into a consent judgement with Lee and Amir Hassan for the settlement sum.

She said the settlement was the largest ever in the history of the prosecution of such scams, which affected thousands of investors globally and prompted cross-border investigations involving seven other jurisdictions.

The previous largest settlement amount under the SC’s jurisdiction was RM2mil for insider trading in Padiberas Nasional Bhd, which was also distributed to affected investors.

“This is a milestone payout which is made possible following a consent judgment entered into with two of the Swisscash defendants,” Zarinah said, adding that the restitution would be based on a court-sanctioned distribution plan.

She told a media briefing yesterday that investors in illegal schemes could not expect regulators to get their money back for them as a matter of course. “Swisscash is an exception, in this case the recovery was only made possible not just by extremely painstaking efforts on our part but also by the close cooperation and support that we’ve been receiving from our counterparts in the various countries,” Zarinah said.

She said investors would have to show sufficient documentary proof of their principal investment and must not have been involved as recruiters in the scam. Investors who profited from their initial investment and still made claims would have their profits deducted from the claim sum while other criteria for consideration included whether investors heed the warnings by authorities before investing.

Zarinah said the first batch of restitution payments would be made early next year following approval from the court. She said 80% of the investors were male professionals and the profile was “not so typical of this kind of scam”.

She said to-date, there were 3,000 complaints filed against the scam.

Revision in Offer for NSTP - Actually I Am Not Surprise

I am not surprise at all for the revision in offer, Media Prima is previously offered an unattractive price to take over NSTP. One to One with some warrant.

This is bad news for those dumping NSTP when the 1st offered is announced.

Now , they did it again, TO REVISE THE TERMS OF OFFER TO GIVE BETTER OFFER AFTER ALL WEAK HOLDER DUMPING THEIR SHARES.

THE INSIDER MUST BE LAUGHING!

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KUALA LUMPUR: Shares of MEDIA PRIMA BHD [] and The New Straits Times Press (M) Bhd were voluntarily suspended from 9am on Wednesday, Nov 11 to 5pm on Thursday.

"The request for suspension is in view that the company will be making an announcement on the revision of the terms and conditions of the proposed offer," said Media Prima.

OOH ! U HAVE NOTHING TO TAX AH ?

The Malaysia Govt has announce in Budget 2010 last month to implement 5% property gain tax on ALL property gain effective 1.1.2010.

This is not RPGT that impose tax on property sales for property disposal within 5 year of purchases, to control property speculation.

This new 5% tax will impose on ALL property sales, irrespective of how long you own the property, even you have dispose 20,30, 0r 100 years of old property.

AND the gain is straight forward selling price less purchase price. No deduction of bank interest, no adjustment on inflation rate.

THIS TAX IS NOT FAIR TO LONG TERM PROPERTY OWNER AND TOTALLY UNACCEPTABLE.

Why do not bring back the RPGT that tax on property gain from short term property speculators ?

This speculator grasp a huge gain from property speculation within short period of time, they 'GORENG' up the property price in the expense of the average home buyer.

The speculator should be the subject of this Property Gain Tax, not the normal average HOME owner.

MY GUESS ON WHY THE GOVT ULTIMATELY IMPOSE SUCH A SILLY TAX ON ALL PROPERTY OWNER :-

1) The Govt is actually thinking of bring back the RPGP in 2010 as the Govt need new tax to increase the Govt's revenue.

2) BUT this plan was facing resistance from Property Developer, because if RPGT is imposed, then all property developer will find it difficult to sell their properties, their BIZ will be affected badly. esp. when the economy has not recovered from the financial crisis.

3) The Govt has no choice, they can't confronting this 'Property BIG Boss', & the govt is in dire need to find some extra income, therefore the Govt has finally come up with this SILLY Tax:-

Tax 5% only, a small % tax on gain, from ALL property sales. Don't care whether it s new or old property, speculator or home owner, fair or not fair.

IN BURSA-CHINA (NOT SO) RED CHIPS

The active trading volume for lower price stock in Bursa in last few days has excited many retail investor in Bursa Malaysia.

The active participation in Bursa is a good sign for Equity Market, but retail investor still need to take extra precaution as MOST of the active stock is speculative in nature & without strong fundamental to support the rise.

One of it is RED CHIPS in Malaysia.

Now we can read from the headline of major news daily that RED CHIPs is rising due to the China Concepts, esp when China's President Hu will visit Malaysia next week.

Well, as a always tell my friend that this all so call RED CHIPS China concepts stock is actual NOT SO RED la.

ALL the good china stocks will seek listing in Hong Kong, Singapore, or now even listing in China itself, because the valuation there is higher & the market is much more active than here (Malaysia).

So, why they come to Malaysia ? Because they are not so RED lo !

(Picture : Penang Heritage)

Auto AP, Your Gain, My Pain

The Malaysian Govt has AGAIN postpone the deadline to Open Up the Auto industries untill YEAR 2020.

WAH ! Another 10 years from now.

The ordinary Malaysian has to pay high Car price for another 10 years. poor Malaysian, after being force to purchase CAR at expensive price for YEARS, we will get poorer for another 10 years.

This AP system is not only benefited PROTON, but the biggest beneficiery is The Cronies; ALL the incompetent, unefficient AUTO VENDOR that supplied to Proton. They making huge profits by supplying auto parts to PROTON.

PROTON is their ATM machines, We, the Malaysians paying the COST, & get poorer each years.

(Picture: Penang heritage )

Correction, Fear & My Shopping List (2)

The Asian equity market has started a overdue correction today led by 2% fall by Korean market.

Bursa Malaysia continue it's fall after Najib announce it's budget 2010 on 23/10/2009.

Fear ! many investor started to worry when they see the market started to fall, in a correction mode. Market correction after a long rise is actually a normat market behavior, we don's expect a non-stop rising market, do we? This should be a healthy correction, a pause before it rise further.

I have prepared a shopping list to WELCOME this correction, to buy good undervalue stock at a lower price:-

To prevent 'run chicken ' if market correction is minor, I have decided to go-in in stages.

1. PARKSON - Below 5.10, & 4.8O


2. ICAP - Below 1.80 & 1.70


3. LIONIND - Below 1.42, 1.32 & 1.22


4. CSC - Below 1.10


5. SURIA - Below 1.30

PARKSON is my main target, therefore I will invest more on PARKSON, ICAP & LIONIND.

(Picture: Penang Heritage )

High End Properties in Penang - Imagine the SUPPLY 3 years from now

The prices for High End properties in Penang has reach record high level, with most of them selling above 1.0 mil a unit for landed property or even Condo.

The newly launch from Mah Sing will be price 3 - 4 million per unit, after this we will see IJM, Queensbay & E&O launching their HIgh End properties that selling above 1 mil for link house, & multi millions for semi D & Villa.

For those who wish to speculate in Properties, before you cheer for this record high property price, please sit down & try to imagine the supply of this HIGH END properties in 3 years time from now, when the the projects completed in year 2012-2013.

Will the price sustainable or what is the chances of properties price continue to surge if:-

1. The economy growth remained low at 3 -4 %
2. The average Malaysian monthly income level remained depressed at low level of 2000-5000 monthly
3. Over supply of High End properties by greedy developers.
4. Every new projects only have less than 50% occupancy when completed.