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91
Equities / Re: somebody said Tomy Piak can make lot of monies
« Last post by CurryLee on April 22, 2017, 08:12:01 PM »
wah...really must tengkiu hantu liar.... wow...tis tomypiak piak lua biji veli big n juicy. one biji bcome 2 biji...if u buy 2 biji now...u will get 1 biji free.... very veey cheap now.........can eat more.... :clap: :clap: :clap:

stil not yet wake up... :D
92
Equities / Re: somebody said Tomy Piak can make lot of monies
« Last post by ikan besar on April 22, 2017, 06:29:23 PM »
Like Dr Kimmy always said early bird get the most worm, yes for Tomypiak this is exactly what going to happen, the day is coming nearer and nearer to the bonus and splitting , and definitely the price is going
higher and higher, I oreli chin chai hoot 2 biji b4 is too late, remember be the early bird if you want to get a gem out of it, Hang Tu Lee liah won't be lying to you
forever, his recommendation is almost perfect
93
Equities / Re: LSTA - Live Stock Technical Analysis
« Last post by Oly Shyte on April 22, 2017, 05:05:15 PM »
New promoter in town......just like the previous one........it's FREE......and later ...... :) :giggle:
94
Personal Finance / Re: Scams
« Last post by king on April 22, 2017, 04:47:32 PM »



Saturday, 22 April 2017
Return calls may be diverted to premium numbers locally or abroad

BY ARNOLD LOH

image: http://www.thestar.com.my/~/media/online/2017/04/07/07/53/fraud-phone.ashx/?w=620&h=413&crop=1&hash=D5E7E1D3BBB3A33AB3B70A13DB892FF743650BFF


 
GEORGE TOWN: If you receive a suspicious phone number beginning with ‘+447’, it’s wise to just ignore it.

Hundreds of people have recently been getting missed calls from a free phone forwarding service purportedly from the United Kingdom.

Those who returned missed calls from these 447 numbers may unknowingly have their calls diverted to premium phone numbers in Nigeria, Malaysia, India or Pakistan, which come with hefty charges.

This forwarding service is provided through a website, www.freeuknumber4u.com.


image: http://bcp.crwdcntrl.net/5/c=5593/b=39786223


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The Star ran a check on the origin of these numbers after many people started announcing in phone chat groups about getting missed calls — sometimes just one ring — from them in the last few days.

The message read ‘Be aware of these numbers, +447417942301 and +447417942302. Don’t answer. It will cost you RM6 per answer.’

A section in the website of this provider invites prospects to “have a look at the free international minutes section within the control panel where more information is available.”

However, only those who signed up for the service have access to this control panel. The site declares that 500,000 people are using the service.

An address in England is given on the website. A 3D logo of the words ‘atlantic networks’ is displayed but no other mention of this is made as a company name.

A businessman who wished to be known only as Marc said he received a missed call from a 447 number at nearly midnight on Wednesday and again the following morning.

“I neither answered, nor returned the calls. I know such things are usually scams and genuine overseas callers will surely send me a text message if I don’t call back,” he said.

Marc also said this month alone he received calls purportedly from banks that want him to confirm credit card transactions.

“I got a call from a computer system declaring it was from a bank’s credit card service asking me to punch in numbers. I hung up right away.

“On Wednesday, I got another call from a man who said he was from another credit card company and I needed to confirm a transaction.

“When I refused, he threatened that he would have to report it and my credit rating would be affected. I didn’t bother and hung up,” Marc said.

In 2015, Bukit Aman issued a public warning on foreign missed call traps that will exact high call charges from victims.

TAGS / KEYWORDS:
Northern Region , Courts Crime , 447 , phone , scam

Read more at http://www.thestar.com.my/news/nation/2017/04/22/costly-missed-call-traps-return-calls-may-be-diverted-to-premium-numbers-locally-or-abroad/#vlmiwpBQJZAbSfBy.99
95
Equities / Re: Spot KLCI Index
« Last post by king on April 22, 2017, 04:46:29 PM »



Saturday, 22 April 2017
New leg of uptrend takes shape
BY K.M.LEE

 
 Market Trend

REVIEW: Despite starting the week a shade above the flat line, up 0.14 of a point to 1,731.13, the FBM KLCI encountered a minor hiccups in early business owing to profit-taking activity in the absence of leads from the US overnight, as markets there were shut for a public holiday the previous Friday.

Rising tensions on the Korean peninsula further weighed on local sentiment.

Elsewhere, an uninspiring performance in Asian equities was not helping while Hong Kong and Australia remained closed on extended holidays.

Though trading was sluggish initially, profit-taking selling activity by the local boys was well absorbed by offshore funds seeking value buys in the quality issues.

Buying interest by foreign investors picked up steam soon after the latest data filtered out from the world’s second largest economy showing China’s GDP growth was higher than expected in the first quarter.

Apparently, their action helped the local market to reverse weakness in mid-morning and guided stocks higher on a gradual pace to settle up 2.94 points to 1,733.93, outperforming most regional peers on Monday.

Wall Street snapped a three-day losing streak, with the Dow jumping a hefty 183.67 points to 20,636.92 on resumption of trading after the long Easter weekend in the wake of renewed buying, led by the recent beaten-down banks and technology-related counters, as investors shifted their attention to corporate earnings while the greenback strengthened after the US Treasury Secretary said the dollar’s strength is good over a longer period of time.

Surprisingly, Asia-Pacific markets traded mixed the next day as lingering worries about escalating tension in North Korea undermined investors’ mood.

Nonetheless, Bursa Malaysia tracked the US trend, with the key index edging higher amid persistent bargain hunting nibbling in blue chips.

Meanwhile, most second and lower liners also attracted significant interest from the retail players.

image: http://www.thestar.com.my/business/business-news/2017/04/22/new-leg-of-uptrend-takes-shape/~/media/18fdc61e7ea642afbf13c4fd01fa5323.ashx?h=272&w=600


Click on image to view bigger images.
But, although there was a bout of buying interest in the market, the overall underlying tone was somewhat sluggish, as a sharp fall in commodity prices due to concerns over a supply glut was not supportive of the bulls making an aggressive move.

In cautious session, the local bourse hit an intra-day high of 1,741.51 in mid-morning before turning sideways for the rest of the day, ending up 6.67 points to 1,740.60 on Tuesday.

Overnight Wall Street turned volatile, with the Dow surrendering a big portion of gains it logged in the previous session, dragged by a drop in Goldman Sachs and Johnson & Johnson after their earnings missed expectations while continuous losses in crude oil prices added to investors caution.

Combined with lingering geopolitical tensions and a weaker ringgit against the greenback, many people had expected Bursa Malaysia to tank on heavy liquidation pressure on Wednesday.

But that was not the case, as support from institutional funds helped to cushion the downside.

At the final bell, the FBM KLCI shed only a small 1.65 points to 1,738.95 in mid-week.

Thereafter, bargain hunting activity emerged from the sidelines and dominated the floor, as investors indulge in bargain hunting activity.

Banking issued led the way, driving the key index up 2.66 points to 1,741.61 on Thursday.

And yesterday, the local bourse powered ahead, rising 14.44 points to 1,756.05, in line with regional gains amid greater risks appetite on the back of improving sentiment.

Statistics: For the week, the principal index rebounded 25.06 points, or 1.4% to 1.756.05 yesterday, against 1,730.99 on April 14.

Weekly turnover stood at 14.294 billion shares amounted to RM11.309bil, compared with 18.924 billion units worth RM11.542bil changed hands the prior week.

Outlook: Bursa Malaysia put up a better-than-expected show the past week, with the FBM KLCI rebounding from the previous week’s losses on fresh buying momentum.

The clalrity only came to light the past couple of days, underpinned by a better global markets sentiment and boosted further by growing optimism of tax reform in the US while strong earnings report from the big names on Wall Street offset the negative impact of falling crude oil prices.

Based on the daily chart, the bulls have profitably reclaimed the posture above the uppermost 21-day simple moving average line, thus ending the three-week-old subdued trading during correction mode.

Following the positive breakout, the local bourse is poised to sustain the upward thrust going forward amid follow-through interest.

Initial target is to challenge the fairly strong barrier of 1,760 points, of which a breach would open the window for the bulls to test the next upper hurdle of 1,780 points, or the 1,800-point psychological level.

Technically, indicators are either improving or positive, suggesting Bursa Malaysia is likely to firm in the immediate term.

Immediate support is lying at 1,730 points. A crack of this floor will provide an excuse for the bulls to fill the 1,719.27-1,726.12-point gap.

The next lower floor is anticipated at 1,700 points, followed by 1,680 points.

TAGS / KEYWORDS:
Market Trend , Bursa Malaysia , FBM KLCI

Read more at http://www.thestar.com.my/business/business-news/2017/04/22/new-leg-of-uptrend-takes-shape/#bkMM5LA5uj2Xt8tX.99
96
Equities / Re: TIME TO INVEST IN BURSA ??
« Last post by king on April 22, 2017, 04:45:20 PM »



Saturday, 22 April 2017
Time for reality check
BY TEE LIN SAY

image: http://www.thestar.com.my/~/media/online/2017/04/21/18/46/bizw_pg14_april22_ky_11.ashx/?w=620&h=413&crop=1&hash=D5A911907087EA3CEA8A548F360071CD34A38D9C
Normal and necessary: The FBM KLCI is primed for a pause whether or not international geopolitical events take place. The market has soared by more than 100 points since the start of the year, fuelled by foreign buying of equities.
Normal and necessary: The FBM KLCI is primed for a pause whether or not international geopolitical events take place. The market has soared by more than 100 points since the start of the year, fuelled by foreign buying of equities.
 
Analysts say Bursa is taking a breather but consolidation is important after a rally

AFTER two months of rising optimism and buying interest, the rally in the FBM KLCI has dissipated.

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Cyclical themes started dwindling, stocks couldn’t hold their high prices and short-term traders weren’t making contra gains anymore.

In retrospect, investors should have seen it coming. When “junk” stocks that are big on stories and have negligible earnings start to find their way to the gainers’ and volume list, alarm bells should have been ringing.

Does this mean that it is back to listless trading on Bursa Malaysia? Worse, is this the start of the market plunging, as nearly all euphoric participants are now in the market and is this a bubbling pot waiting to erupt?

The reasons for doubt are plenty. The US Federal Reserve is finally raising interest rates and there are mushrooming spots of political and economic uncertainty spawned by events such as the French election, Brexit, and the US attack on Syria.

image: http://www.thestar.com.my/business/business-news/2017/04/22/time-for-reality-check/~/media/8aced9e87e024898b64c82e1562992c2.ashx?h=244&w=262


Sia: ‘This isn’t going to be a broadbased rally into the second half.’
There is also the US Dow Jones Industrial Average, which has breached the psychological 20,000-point level and elicited calls for caution on its valuations.

But bull markets don’t fall just because a certain significant level has been met.

From the age of the caveman, it is inherent in human beings to fear heights.

This is why investors buy low and sell high. They fear buying “at record highs”.

If people think the market is falling because the United States has reached another “record” high, Fisher MarketMinder said that in the eight-year US bull market, the Dow has set 100 different highs – the first was in April 2012 when the market was up 80%.

What would have happened if investors had stayed out of the market since 2012?

A rally does not end simply because a certain peak has been met.

Taking a breather

The FBM KLCI was primed for a pause whether or not international geopolitical events take place.

The market has soared by more than 100 points since the start of the year, fuelled by foreign buying of equities.

Foreigners remain net buyers of Bursa, but the pace of purchase has eased.

image: http://www.thestar.com.my/business/business-news/2017/04/22/time-for-reality-check/~/media/fec726dd88c647c4ba5b974c8c8e6868.ashx?h=378&w=250


Chia: ‘Our market has started taking a breather three weeks ago.’
Statistically, foreign portfolio funds have been net buyers in the local stock exchange for 10 consecutive weeks as of April 14. But for the week of April 14, the number of shares bought in the open market (excluding off-market deals) declined significantly to RM239.9mil net, compared with RM645.3mil the week before.

MIDF Research notes that the buying is, nevertheless lacklustre, reflecting non-committal fervour among the investors. It is to be expected, as the global equity market is currently in a consolidation mode.

Nonetheless, this means that on a year-to-date basis, the cumulative foreign purchase amounts to RM6.63bil.

In the past two years, foreigners have exited the stock market. In 2015, the net foreign outflow from the equities market was RM19.5bil, while last year it was RM3bil.

“Our market has started taking a breather three weeks ago. This is to be expected. We’ve gone up from the 1,641 level since the end of 2016. That’s a rise of some 100 points,” says Alexander Chia, RHB Investment Research Malaysia head.

The rise was partially because things were looking up on the local front.

For one, Malaysia’s forecast gross domestic product (GDP) has been upgraded, and export numbers have also been improving. RHB expects corporate earnings this year to make a comeback, with Chia saying the FBM KLCI’s component stocks are to grow by some 11% on a year-on-year basis. This is a huge improvement after three years of flat to lower earnings.

“When you’ve got earnings growth, stocks have headroom to move higher. Without earnings growth, stock valuations will be constrained,” says Chia.

Taking a pause is not a sign of worry, but consolidation is often important after a rally.

image: http://www.thestar.com.my/business/business-news/2017/04/22/time-for-reality-check/~/media/0c89592fcd984f99bb587405ddffdf12.ashx?h=380&w=620



“The market is getting a reality check,” says Hong Leong Investment Bank research head/economist Sia Ket Ee.

He feels that a breather is normal and necessary.

“Every rally in the market has to be validated by an improvement in the fundamentals of the economy. While the economic improvement continues to come through, it is mostly priced into the market. At the same time, we have also seen some tapering on expectations of US president Trump’s pro-growth policies. Unless there is a new catalyst or further improvement in the economic outlook, I don’t see the market moving up in a big way,” says Sia.

He has an FBM KLCI target of 1,760 points, which is merely 10 points away from current levels.

Sia is of the opinion that the global economy will grow at a slower pace in the second half of the year after a visible recovery since the second half of 2016.

“We are having a better first-half partially because commodity prices bottomed in the early part of last year. The technology cycle also went on an uptrend since the middle of last year. Without any new impetus to growth, I see the economic recovery momentum plateauing in the second half,” says Sia.

Thus, the market strategy for now is stock picking.

“This isn’t going to be a broad-based rally into the second half of the year,” he says.

Fundamentally, Malaysia is looking better. In recent weeks, many economists have looked to upgrade their official GDP growth forecast for Malaysia this year. Bank Negara’s GDP forecast stands at a range of between 4.3% and 4.8%. Last year, the economy grew 4.2%.

image: http://www.thestar.com.my/business/business-news/2017/04/22/time-for-reality-check/~/media/4171d0cd88504629865c9cb98f883fba.ashx?h=620&w=620



The Socio Economic Research Centre seems to be the most bullish to date, with its executive director Lee Heng Guie saying Malaysia’s GDP could grow up to 5% this year on strong export growth.

Standard Chartered expects Malaysia’s GDP to grow 4.1% this year, compared with its earlier estimate of 3.8%, driven by the recent export recovery.

Amid a better outlook, RHB Research Institute also raised its GDP growth forecast for Malaysia early this month to 4.5% from an earlier estimate of 4% on stronger external demand.

Chia feels the pause in the market is in part due to the macro uncertainties over the past few weeks.

Geopolitical concerns include tensions in the Middle East after the US missile attack on a Syrian airbase. Also, North Korea has been conducting missile testing, including one fired just before a summit between Trump and Chinese president Xi Jinping early this month.

“So, the market is reflecting on this heightened doubt and is wondering whether expectations have overshot reality. This is coupled with the multiple elections being held in Europe, in particular the French presidential election this weekend that seems too close to call. We need to let these issues play out first,” says Chia.

Is the “high” Dow signalling an impending recession? Then there are the doubters.

In the United States, billionaire investor Paul Tudor Jones says that years of low interest rates have bloated stock valuations to a level not seen since 2000, before the Nasdaq tumbled 75% for more than two years.

Many hedge fund managers in the United States are edgy and warning investors that the Dow is trading at unsustainable levels. With stocks now trading at such lofty levels, they can fall as much as 5% to 10% should corporate earnings disappoint.

The S&P 500 is currently trading at a price earnings ratio of 21.52 times at its current level of 2,355.84. It touched its all-time high of 2,400.98 on March 1.

One set of data founder and chairman of Fisher Investments Ken Fisher pays close attention to is the leading indicators.

“There has been no recession in the last 50-plus years, while the leading economic indicators (LEI) were high and rising, like they are now,”

A fall in the LEI doesn’t ensure the market will have a recession, but if it doesn’t fall, markets won’t. The LEI is the Leading Economic Index, managed by the conference board in the United States (see chart).

The LEI for the United States increased 0.6% in February to 126.2, following a 0.6% increase in January, and a 0.6% increase in December.

“After six consecutive monthly gains, the US LEI is at its highest level in over a decade. Widespread gains across a majority of the leading indicators point to an improving economic outlook for 2017, although GDP growth is likely to remain moderate,” says Ataman Ozyildirim, director of business cycles and growth research at the conference board. “Only housing permits contributed negatively to the LEI in February, reversing gains over the previous two months.”

The US LEI is a mixture of hard and soft data consisting of some ten components.

Some of the components include average weekly hours for manufacturing, average weekly initial claims for unemployment insurance, manufacturers’ new orders for consumer goods and materials, the ISM Index of New Orders and the interest rate spread for 10-year Treasury bonds less federal funds.

Fisher Investments MarketMinder says that all that handwringing over the burgeoning euphoria proves one thing – it (the euphoria) isn’t here yet. Optimism is spreading, but only gradually in fits and starts, which is consistent with valuations’ slow, choppy rise. Fisher Investments MarketMinder says that while it’s tempting to draw sweeping conclusions from talk of retail investor excitement and above-average valuations, it doesn’t think it justifies big moves into or out of stocks now unless one’s long-term goals require stocks and the person doesn’t presently own them.

“The bull market is going strong, so own stocks if they fit your goals. But don’t let short-term market forecasts cloud your vision or rouse your emotions.”

TAGS / KEYWORDS:
Corporate News , Economy , Earnings , bull , FBM , KLCI

Read more at http://www.thestar.com.my/business/business-news/2017/04/22/time-for-reality-check/#OtA6KG6lgY7DgTS7.99
97
Equities / Re: Spot KLCI Index
« Last post by king on April 22, 2017, 04:39:13 PM »



MONEY

Upward momentum of Bursa to continue next week
Published: April 22, 2017 11:11 AM GMT+8

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How Wall Street performs will have a bearing on Bursa Malaysia. ― Reuters pic
How Wall Street performs will have a bearing on Bursa Malaysia. ― Reuters pic
KUALA LUMPUR, April 22 — The upward trajectory on Bursa Malaysia will likely to continue next week as investors are set to accumulate their positions on the back of positive developments globally.

Affin Hwang Investment Bank Vice-President and Head of Retail Research, Datuk Dr Nazri Khan Adam Khan said the local market would be actively traded as investors’ appetite was restored as worries over the geopolitical tension related to the North Korea and Syria had eased.

He said the US tax reform, as indicated by the Treasury Secretary Steven Mnuchin that the White House planned to release a tax plan “very soon,” would be among main focus next week.

“If Trump managed to secure approval from the Congress, this would trigger bullish sentiment into the global stock market,” he told Bernama.

Market players would also closely monitor the France's presidential election, which the outcome could influence the movement of global stock market, be it directly or indirectly, he added.

On the local front, Nazri Khan said the recently-launched Bumiputera Economic Transformation Roadmap (BETR) 2.0 of the Bumiputera Wellbeing Transformation would positively spur buying for bumiputera-linked stocks next week.


For the week just-ended, the local stock market performed stronger as sentiment in the market recovered following the easing geopolitical tension related to North Korea and Syria.

Other external factors influenced the movement of Bursa included trading performance on the Wall Street and other regional peers, US tax reform, volatility in oil prices, as well as US trade probe on Chinese steel exports.

On a week-to-week basis, the FBM KLCI rose 25.06 points to 1,756.05 from 1,730.99 supported by buying in index-linked counters as well as selected bluechips especially the finance- and banking-related stocks.

The FBM Emas Index soared 182.46 points to 12,490.58, the FBMT 100 Index chalked up 178.11 points to 12,126.22, the FBM Emas Shariah Index advanced 88.66 points to 12,848.06, the FBM 70 surged 235.5 points to 14,730.78, and the FBM Ace improved 156.5 points to 6,158.12.

On a sectoral basis, the Finance Index jumped 443.87 points to 16,008.58, the Plantation Index rose 113.24 points to 8,027.27, but the Industrial Index gave up 27.6 points for 3,209.56.

Weekly turnover declined to 14.29 billion units, worth RM11.31 billion, from 18.92 billion units valued at RM11.54 billion recorded last week.

Main Market volume contracted to 9.85 billion shares, worth RM10.65 billion, from last week's 12.27 billion shares, valued at RM10.64 billion.

Warrants’ turnover increased to 893.88 million units worth RM112.2 million, from 812.96 million units, valued at RM102.98 million, transacted last week.

The ACE Market shrank to 3.49 billion shares, worth RM536.93 million, from 5.78 billion shares, valued at RM789.85 million, traded previously. — Bernama

- See more at: http://m.themalaymailonline.com/money/article/upward-momentum-of-bursa-to-continue-next-week#sthash.ZfAD3j6L.dpuf
98
Global Markets / Re: SINGAPORE
« Last post by king on April 22, 2017, 04:36:04 PM »



Singapore’s property prices to double by 2030: Morgan Stanley
Morgan Stanley forecast Singapore home prices should begin to rise in 2018.
The bank expected Singapore home prices would double by 2030.
It anticipated a larger number of single-person households would drive home sales.
Leslie Shaffer   | @LeslieShaffer1
Thursday, 13 Apr 2017 | 4:24 AM ET
CNBC.com
2.9K
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Tourists take in a cable car take in the sights at Sentosa Island, Singapore
Getty Images
Tourists take in a cable car take in the sights at Sentosa Island, Singapore
The protracted downtrend in Singapore's property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note.

"Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook," the note said. "We disagree and believe home prices will double by 2030."

That implies a 5 to 6 percent increase per annum and would mark a reversal from a long downtrend in home prices.

In the first quarter, overall private home prices fell 0.5 percent on-quarter, the 14th straight quarter of declines. This time around, however, the bulk of the decline was in relatively small landed property segment, while non-landed prices were steady.

The city-state's housing prices surged more than 60 percent from 2009 through 2013, propelled by rock-bottom global interest rates and quantitative easing in developed economies, even as the government enacted a series of cooling measures from 2011 to prevent a bubble from forming.

But in early March, the government scaled back some of the curbs, including lowering the seller's stamp duty and shortening the minimum holding period to avoid it.

Morgan Stanley said that was a signal the property market was closer to the bottom, which should improve buyer sentiment.

There were signs buyer sentiment has already picked up: One recent launch, Park Place Residences, sold its entire phase one, initially set at 40 percent of the 429-unit total before being raised to 50 percent, within a day.

The bank expected sales volume would surge this year, with the increases in transaction volumes to spur prices higher next year.

Supply was also set to decline, the bank noted. From 2014-16, private residential supply added around 20,000 units a year, twice the historical average since 1990, it noted. But in 2017-18, supply levels were set to fall 40 percent each year, it said.

The property market in Singapore can be closely watched for economic and investment implications.

Morgan Stanley noted that around 91 percent of Singapore's resident households own their homes, with residential property around 45 percent of total household gross assets last year.

Additionally, Asian investors tend to have large allocations to property in their portfolios.

While property bears were pointing to an aging population, Morgan Stanley noted a rising household formation rate driven by singles, and a shift toward higher-skilled foreign workers.

It estimated that by 2030, one in five Singapore households would be occupied by just one person, up from one in eight in 2010.

Additionally, it expected "a combination of bequest motives, lease buyback schemes, and shifting manpower trends assuage property market selling pressures that come as the population ages."

It also expected that Singapore's medium-term economic growth potential of around 3 percent over 2016-2030 meant it would outperform other developed economies and support income growth.

On Thursday, Singapore reported first-quarter gross domestic product (GDP) grew 2.5 percent on-year, down from 2.9 percent in the fourth quarter of 2016.

"The Singapore economy is likely to see a cyclical recovery from better-than-expected external demand," the note said. "Given that changes in economic conditions have a direct bearing on the property market, the improving macroeconomic outlook would be supportive of a property market recovery."

—By CNBC.Com's Leslie Shaffer; Follow her on Twitter @LeslieShaffer1

Follow CNBC International on Twitter and Facebook.
99
Personal Finance / Re: TRAFFIC OFFENCE
« Last post by king on April 22, 2017, 04:32:21 PM »



Friday, 21 April 2017 | MYT 9:35 PM
No demerit points for beating amber light, says JPJ

image: http://www.thestar.com.my/~/media/online/2017/04/21/13/37/download.ashx/?w=620&h=413&crop=1&hash=D0F2DC2C7EC9E1C7D49F51FAEAEF2F7C87EFE7DA


 
PUTRAJAYA: The Road Transport Department (JPJ) has clarified that there are no demerit points for driving through when the traffic light is amber.

It said in a statement Friday that the KEJARA demerit points system only involved beating the red light and speeding.

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The statement was in response to social media going abuzz that drivers will be penalised points under the system if they beat the amber light.

Under the KEJARA system, which came into force on April 15, drivers risk having their licence suspended or even banned from driving if they chalk up a certain number of points.

The department further denied that 400 Automatic Enforcement System (AES) cameras will be installed nationwide.

It said currently there were 14 such cameras and the number would be increased from time to time.

It advised the public not to be easily taken in by what was said on social media but instead refer to the authorities to get the correct information. - Bernama

 


Read more at http://www.thestar.com.my/news/nation/2017/04/21/rtd-no-demerit-points-for-beating-amber-light/#U3RGEKb89h7SV0d7.99
100
Equities / Re: HOOKEEPING
« Last post by king on April 22, 2017, 04:30:00 PM »



 74 1 0 75
Economist denounces Guan Eng’s claims on inflation
Robin Augustin | April 22, 2017
If higher inflation is a sign of corruption and mismanagement, then inflation indicators will indicate there is corruption and mismanagement also in Penang, he says.
hoo-ke-ping_Lim-Guan-Eng_600

PETALING JAYA: Simplistic and selective. This is how a veteran economist has described DAP secretary-general Lim Guan Eng’s “economic logic” of linking higher inflation with corruption and mismanagement.
Yesterday, Lim had said the rise in the inflation rate was specific to countries facing a socio-economic crisis caused by autocratic governments with entrenched corruption.
But Hoo Ke Ping said if higher inflation was a sign of corruption and mismanagement, then inflation indicators in Penang – such as the increase in rentals and property prices – would indicate that there was also corruption and mismanagement in Penang.
Last March, Malay Mail Online reported that rentals in George Town’s heritage shophouses had skyrocketed, with some tenants receiving notices of 200-300% hikes in monthly rentals.
“But, of course, we know that factors such as supply and demand, and the scarcity of land also affect property prices,” Hoo said.
“Similarly, when we talk about increasing inflation rates, we can’t simply discount the correlation between global oil prices and inflation rates.”
Lim had said that the Barisan Nasional (BN) federal government couldn’t “simplistically” attribute the rise in inflation to the increase in petrol prices.
The Penang chief minister said BN had given the same explanation when the price of oil fell to US$30 per barrel and the ringgit was hovering at RM4-RM4.10 to the US dollar.

He then pointed out that the oil price was now at US$50 per barrel, but instead of rising, the ringgit value had fallen to RM4.45 to the US dollar.
Hoo said the plausible explanation for this was that currency traders probably felt Malaysia would once again implement capital flight controls again – as it did during the 1997/1998 Asian Financial Crisis.
“You have to look at the external factors, too. After Donald Trump won the United States presidential election, it spooked the market and some currencies were affected.
“After that, Bank Negara Malaysia disallowed currency trading but it didn’t stop capital outflow in the form of remittances.
“So there’s a free flow of capital outflow from Malaysia, despite rising outflow due to the ‘Trump effect’.”
Buoyed by the “Trump effect”, Hoo said global markets believe US stocks and the US dollar would outperform the global market. So a lot of capital is going back to the US.
This, he said, meant regional currencies and bonds, including those from Malaysia, were being sold in favour of American bonds and stocks, and this affected commodity-based economies like Malaysia.
“When petrol prices were at their lowest, the ‘Trump factor’ wasn’t there.
“So we can’t be so simplistic in our analysis.
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