FBM KLCI is down 7.18 pts on Monday Oct 26

26/10 At 5 pm, the FBM KLCI is down 7.18 pts to 1259.92; Bursa loses 14 sen to RM 8.24, CIMB sheds 12 sen to RM 12.62, Jetson adds 43 sen to RM 2.28.

26/10 TNB has posted a net profit before forex translation of RM 408.6 mil for Q4 09.


26/10 Singapore’s Sept manufacturing output declines 7.7% year-on-year, after rising for two straight months.

26/10 PAAB will “inform” market on status of Selangor water sector restructuring by year-end:CEO.

26/10 PKA says it has lodged complaints with relevant professional bodies against three of its consultants involved in the PKFZ project.

26/10 AirAsia carried 3.6 million passengers in the third quarter to Sept, a 19% increase from a year ago; seat load factor unchanged at 75% y-o-y.

25/10 Express bus operators may soon be required to install ‘speed-limiters in buses to reduce road accidents and fatalities: Transport Minister.

24/10 RM 200 mil to revive abandoned low, medium-cost houses is one-off help; developers must be responsible for their projects, Housing Minister.

23/10 Budget; Economy expected to expand 2-3 pc next year with all sectors of the economy projected to record positive growth.

23/10 Budget: Personal tax relief of RM 6000 for EPF contribution and life insurance premiums will be increased to RM 7000.

23/10 Budget: 1Malaysia Retirement Scheme, managed by EPF, for self-employed and those without fixed income; Govt will give 5 pc for every Rm 100.

23/10 Budget: Rm 14.8bil to manage, build, upgrade hospitals, clinics including expanding community clinic services in urban areas.

23/10 Budget: RM 1 bil to police to reduce crime, including snatch thefts and robberies by 20 pc; Rm 1.9bil to enhance country’s border security.

23/10 Budget: Maximum individual income tax to be reduced to 26 pc from 27 pc, for 2010; personal relief increased to Rm 9000 from RM 8000.

23/10 Consumer price index declined 2% in September compared to same month last year, but up 0.3% from August, Statistics Dept said.

23/10 Budget: Stock market will be further liberalized to enhance efficiency, as well as to attract domiestic and foreign investment.

23/10 KLCI closed 7 pts higher at 1267 pts; Losing stocks edged riser 363 to 331 on total volume of 787 mil shares worth RM 1.18bil.

23/10 Budget: TNB will spend RM 5 bil on electricity generation, transmission and distribution projects in 2010.

23/10 Budget: RM 6bil for agriculture sector for paddy fields irrigation, fish production, fruit farming, livestock farming infrastructure, training.

23/10 Budget: Taxpayers will get tax relief on broadband subscription fee of up to RM 500 from 2010 to 2012.

23/10 Budget: Tax breaks for patent and copyright registrations for small and medium sized enterprises.

23/10 Budget: In a bid to attract expatriates who are talented and with high expertise, PR status will be offered, spouses given visas within 14 days.

23/10 Najib says 2009 GDP expected to be -3pc, better then the -4.5 pc initially forecast, thanks to successful stimulus efforts.

Blogger: I agreed with one expert’s recommendation, for good financial planning, one should invest in buying a house, buying good stocks, and taking up PA. House can appreciate in price, stock also, if you buy the right one. Mutual funds, well you are paying 6% to enter and another 6% to exit. Buying stock, you paid only 0.6% of commission. PA, you paid RM 400, you probably get 1 million ringgit coverage.