February 28, 2009

Ringgit Expected To Ease Further

Published: 2009/02/28

The ringgit is expected to extend its downtrend against the US dollar next week owing to bearish sentiment following weaker-than-expected gross domestic product (GDP) data, dealers said. Economic growth slowed in the fourth quarter to a mere 0.1 per cent from 4.7 per cent in the third quarter resulting in full year growth of 4.6 per cent versus 6.3 per cent in 2007.

"The local currency will continue to be under selling pressure as the prolonged global financial turmoil will deepen the economic slump and may deter foreign investments," one of the dealers said. This would exert further pressure on the local currency.

Most currency traders predict the ringgit to hit RM3.8 per US dollar soon. The decision by Bank Negara Malaysia recently to cut the overnight policy rate by 50 basis points to 2.0 per cent also weighed down the performance of the local currency.

Moving forward, forex players will adopt a wait-and-see attitude ahead of the unveiling of the country's second stimulus package to be tabled at Parliament on March 10. On a week-to-week basis, the ringgit was lower against the US dollar at 3.7020/7070 compared with 3.6770/6790 last Friday.

Similarly, the local unit eased against the Singapore dollar to 2.3964/3018 from 2.3895/3924 previously but it firmed against the Japanese yen at 3.7969/7028 from 3.9213/9247. The local unit declined against the euro at 4.6867/6942 from 4.6268/6304 and weak against the British pound at 5.2446/2528 from 5.2213/2257 previously. - Bernama

Malaysia economic Activity Index Down 2.9%

Published: 2009/02/28

Malaysia’s six-month smoothed leading index, a forward looking measure of economic activity, fell 2.9 per cent in December, the Department of Statistics said late yesterday. The smoothed index is adjusted for one-off statistical events.

In November, the six-month smoothed index fell 2.5 per cent. The coincident index fell 1.6 per cent to 119.2 points while the six-month smoothed coincident index dropped 6.0 per cent.

“Current movements of the leading components showed that there is no clear indication for the leading index to grow consistently upward in the months ahead,” the department said in a statement posted on its website www.statistics.gov.my.

“Supported by continuous decline in the coincident index, these provide signals that economy is likely moving towards an economic recession,” it added. Malaysia’s economy grew just 0.1 per cent in the fourth quarter from a year ago, the slowest pace in seven years, and many economists expect a contraction this year.

The leading index is the only forward-looking indicator released by Malaysia. In other countries, indicators such as purchasing managers indices are used to measure business confidence. - Reuters

It's 4.6pc growth for Malaysia in 2008

The earlier gross domestic product (GDP) target for 2008 was 5 per cent. GDP growth in 2007 was 6.3 per cent. Najib said the slower growth was due to the worsening global economy that had caused a significant drop in the country's exports.

"The global economic scenario is getting more critical and a prolonged recession is expected," he said at a press conference in Putrajaya yesterday.For the October-December period, Malaysia's GDP grew 0.1 per cent compared with 4.7 per cent in the third quarter.

This was the lowest quarterly GDP growth since 2001, but still credible compared to other economies that were hit worst by the global economic crisis.

Singapore's economy contracted 4.8 per cent in the fourth quarter, bringing 2008 GDP growth to just 1.1 per cent. Japan recorded minus 4.6 per cent growth in the fourth quarter and minus 0.7 per cent for the full year.

Malaysia's manufacturing sector contracted by 8.8 per cent from a growth of 1.8 per cent in the third quarter due to weaker demand for electronic and electrical products.Najib said the services sector grew 5.6 per cent, while the manufacturing, mining and construction sectors recorded negative growth of 8.8 per cent, 5.7 per cent and 1.6 per cent respectively.

Agriculture activities, meanwhile, saw a lower growth of 0.5 per cent due to a moderate increase in crude palm oil production (3.6 per cent) and a significant reduction in rubber production (-28.4 per cent).

He said it is unlikely that the current quarter will see any improvements. "Of course it all depends on the situation in the US and Europe. We have to see the effectiveness of the fiscal stimulus and efforts to revive the banking sector in US.

"However, all signs indicate deeper and more prolonged recession, as even IMF (International Monetary Fund) and most countries have revised economic growth projections, including Singapore which did it four times," Najib said.

He said the mini-budget to be tabled in Parliament on March 10 would help cushion the impact of a global recession on Malaysia, as the country would go into full gear to increase GDP growth by stimulating domestic demand.

This would be complemented by other initiatives, including easier monetary policies. The fiscal deficit for this year would be maintained at its earlier estimate of 4.8 per cent of gross national product.

The government would likely revise its earlier GDP projection of 3.5 per cent for 2009, as it was no longer sustainable in view of the weakening external economic environment. Najib said a new GDP target for the year would be announced on March 10.

Ekonomi Malaysia berkembang 4.6 peratus 2008

EKONOMI Malaysia mencatatkan pertumbuhan perlahan pada suku keempat 2008 dengan Keluaran Dalam Negara Kasar (KDNK) berkembang 0.1 peratus berbanding 4.7 peratus pada suku ketiga disebabkan keadaan ekonomi global yang merosot dengan lebih ketara.

Pertumbuhan pada suku tahun berkenaan terjejas oleh penurunan ketara dalam permintaan luar yang mengakibatkan eksport barangan dan perkhidmatan dari negara ini terus merosot sebanyak 40.1 peratus.

Bagaimanapun, permintaan dalam negara terus menyokong pertumbuhan dengan sebahagian besarnya disumbangkan oleh perbelanjaan swasta dan awam.

Sejajar aliran itu, bagi keseluruhan 2008, ekonomi Malaysia berkembang 4.6 peratus berbanding 6.3 peratus pada 2007. Bank Negara Malaysia (BNM) dalam kenyataan mengumumkan perkembangan ekonomi dan kewangan di Malaysia bagi suku keempat 2008 berkata, dalam tempoh kajian, semua sektor ekonomi mencatatkan penurunan dengan kejatuhan paling ketara dalam sektor perkilangan iaitu 8.8 peratus, khususnya dalam industri berorientasikan eksport disebabkan penguncupan ketara permintaan global.

Pertumbuhan industri berorientasikan domestik pula menyusut 2.5 peratus berikutan kemerosotan pengeluaran bahan berkaitan pembinaan.

Sektor pertanian mencatat pertumbuhan lebih perlahan pada suku keempat 2008 iaitu pada 0.5 peratus berikutan pengeluaran minyak sawit yang lebih sederhana manakala pengeluaran getah merosot.

Sektor perlombongan menguncup 5.7 peratus disebabkan pengeluaran minyak dan gas yang lebih rendah manakala kegiatan pembinaan merosot 1.6 peratus ekoran aktiviti dalam subsektor kejuruteraan awam yang lebih perlahan.

"Dalam suku berkenaan, sektor perkhidmatan kekal sebagai pemacu utama pertumbuhan dan berkembang 5.6 peratus didorong pertumbuhan dalam subsektor perdagangan borong dan runcit, serta penginapan dan restoran," kata bank pusat.

Sebaliknya, Bank Negara berkata subsektor hartanah dan perkhidmatan perniagaan serta utiliti mengalami penguncupan berikutan aktiviti pasaran saham dan sektor perkhidmatan yang lebih lembap.

Pada suku keempat 2008, kadar inflasi menjadi sederhana kepada 5.9 peratus berbanding 8.3 peratus pada suku ketiga, sebahagian besarnya disebabkan beberapa siri penurunan harga runcit bahan api oleh kerajaan.

Bank Negara berkata, arah aliran inflasi yang menurun dijangka berterusan tahun ini. Selain itu, pada asas tunai, aliran masuk kasar bagi pelaburan langsung asing (FDI) juga lebih rendah pada suku keempat tahun lalu iaitu sebanyak RM9.3 bilion.

Rizab antarabangsa Bank Negara pula berjumlah RM316.8 bilion setakat 31 Disember 2008 dan kekal stabil pada RM317.7 bilion pada 13 Februari 2009. Bank Negara berkata, kedudukan kewangan sektor perbankan masih kukuh pada suku keempat tahun lalu dan terus berupaya memenuhi keperluan pembiayaan ekonomi negara.

Ulasan pasaran: Bursa Malaysia ditutup rendah

HARGA saham di Bursa Malaysia ditutup rendah semalam berikutan kerugian yang dicatatkan oleh syarikat bermodal besar susulan perolehan yang mengecewakan, menurut peniaga. Penanda aras Indeks Komposit Kuala Lumpur (KLCI) susut 2.75 mata untuk ditutup pada 890.67. Ia dibuka 3.28 mata lebih tinggi pada 896.7 pagi semalam.

Antara kaunter rugi adalah Maybank, yang turun 15 sen kepada RM5.10, Sime Darby turun 10 sen kepada RM5.65, Genting rugi lapan sen kepada RM3.46, TM International susut empat sen kepada RM3.02 manakala Telekom Malaysia turun enam sen kepada RM3.44.

Peniaga berkata, kaunter perladangan merekodkan kerugian akibat kebimbangan mengenai permintaan global, yang terus menekan bursa tempatan. Bagi saham berasaskan perladangan, IOI susut lapan sen kepada RM3.70, Kuala Lumpur Kepong turun lima sen kepada RM9.95 manakala Tradewinds Plantation susut tujuh sen kepada RM1.38.

Menurut peniaga, secara keseluruhan, pasaran merekodkan dagangan yang kecil menjelang hujung minggu serta pengumuman angka keluaran dalam negara kasar (KDNK) suku keempat 2008.

Sepanjang sesi, KLCI bergerak antara 888.91 dan 897.53. Indeks Perusahaan susut 3.75 mata kepada 2,108.35, Indeks Kewangan turun 0.43 mata kepada 7,009.66 manakala Indeks Perladangan merosot 41.97 mata kepada 4,374.04.

FBMEmas susut 9.52 mata kepada 5,847.07, FBM30 turun 12.31 mata kepada 5,792.88 manakala FBMMesdaq susut 10.32 mata kepada 3,108.28. FBM2BRD bagaimanapun, menokok 16.86 mata kepada 3,980.36.

Kaunter rugi mengatasi kaunter untung sebanyak 257 berbanding 218 manakala 221 kaunter tidak berubah, 553 tidak diniagakan dan 37 yang lain digantung. Jumlah dagangan semalam sebanyak 403.171 juta saham bernilai RM585.977 juta, meningkat berbanding 332.422 juta saham bernilai RM599.722 juta kelmarin.

Menurut peniaga, kerugian yang dicatatkan oleh bursa tempatan diimbangi oleh minat sederhana di kaunter kewangan dengan jangkaan industri perbankan akan mendapat manfaat daripada suntikan dana pakej rangsangan ekonomi yang akan diumumkan pada 10 Mac.

Saham berasas kewangan, Bumiputra-Commerce, menambah 20 sen kepada RM6.90, Public Bank menokok 15 sen kepada RM8.80 manakala Hong Leong Financial Group meningkat enam sen kepada RM4.58.

Jumlah dagangan di Papan Utama meningkat kepada 358.232 juta saham bernilai RM577.041 juta berbanding 283.029 juta saham bernilai RM589.744 juta kelmarin. Jumlah dagangan di Papan kedua menambah kepada 22.047 juta saham bernilai RM5.999 juta berbanding 20.450 juta saham bernilai RM6.020 juta sebelumnya.

Di pasaran Mesdaq, jumlah dagangan berkurangan kepada 9.438 juta saham bernilai RM1.716 juta berbanding 9.827 juta saham bernilai RM2.136 juta sebelumnya. Waran juga susut kepada 12.652 juta saham bernilai RM962,391 berbanding 18.017 juta bernilai RM1.481 juta pada penutup kelmarin.

Bagi saham aktif, KNM Group susut tiga sen kepada 37 sen manakala saham berasaskan pembinaan, WCT turun enam sen atau 5.60 peratus kepada RM1.01 selepas melaprokan kerugian bersih RM33.1 juta dalam suku keempat berakhir 31 Disember tahun lalu berbanding RM47.9 juta keuntungan yang direkodkan dalam tempoh yang sama pada 2007.

Kerugian itu adalah susulan pembatalan projek gelanggang lumba kuda bernilai AS$1.3 bilion di Dubai, Emiriah Arab Bersatu (UAE). Bagi saham berwajaran tinggi, Tenaga Nasional dan MISC, masing-masing untung lima sen kepada RM6.45 dan RM8.55.

Mengikut sektor, barangan pengguna menyumbang sebanyak 8.445 juta saham yang diurusniagakan di Papan Utama, barangan perindustrian 133.546 juta, pembinaan 37.273 juta, perdagangan/ perkhidmatan 101.953 juta, teknologi 7.797 juta, infrastruktur 7.236 juta, kewangan 18.704 juta, hotel 3.898 juta, hartanah 30.541 juta, perladangan 8.186 juta, perlombongan tiada, REITs 589,500 dan dana tertutup 59,000. – Bernama

February 27, 2009

Khazanah Said Seeking US500m Refinancing

Published: 2009/02/27

KHAZANAH Nasional Bhd, Malaysia’s sovereign wealth fund, hired three banks to help it borrow US$500 million that it will used to refinance maturing debt, according to three people familiar with the plan.

Bank of Tokyo-Mitsubishi UFJ Ltd, DBS Group Holdings Ltd and Oversea-Chinese Banking Corp will underwrite a three-year loan for Khazanah, said the people, who declined to be identified because the information isn’t public.Kuala Lumpur-based Khazanah will use the money to pay off a loan it got from Bank of Tokyo-Mitsubishi last year, they said.

Khazanah spokesman Mohd Asuki Abas declined to comment on the company’s finances.Khazanah owns controlling stakes in Malaysia’s biggest companies, including banking group Bumiputra-Commerce Holdings Bhd, utility Tenaga Nasional Bhd and Malaysian Airline System Bhd.

The value of its assets dropped 37 per cent to RM33.7 billion (US$9.1 billion) in the last seven months of 2008 as stock and bond prices slumped worldwide, Managing Director Azman Mokhtar said last month.

Syndicated loan sales in the Asia-Pacific region outside Japan fell 84 per cent to US$6.6 billion this year as lenders hoard cash to recover from more than US$1.1 trillion of writedowns and losses, data compiled by Bloomberg show. - Bloomberg

Blue Chips Lead KL Mart Lower

Published: 2009/02/27

SHARE prices on Bursa Malaysia ended lower today, dragged down by losses on blue chip companies over disappointing earnings, dealers said.The benchmark Kuala Lumpur Composite Index (KLCI) slipped 2.75 points to close at 890.67.

It opened 3.28 points higher at 896.7 this morning.Among the losing counters was Maybank, which dropped 15 sen to RM5.10 ahead of its second-quarter financial results announcement later today.Sime Darby also fell 10 sen to RM5.65, Genting lost eight sen to RM3.46, TM International declined four sen to RM3.02 and Telekom Malaysia eased six sen to RM3.44.

The dealers said losses on plantation counters over worries of global demand, further pressured the local bourse.For the plantation-based stocks, IOI slipped eight sen to RM3.70, Kuala Lumpur Kepong dropped five sen to RM9.95 and Tradewinds Plantation fell seven sen to RM1.38.

The dealers said overall trading today was thin ahead of the weekend and the announcement of the 2008 fourth quarter gross domestic product (GDP) figures later in the evening.Throughout the session, the KLCI moved between 888.91 and 897.53.

The Industrial Index eased 3.75 points to 2,108.35 and the Finance Index lost 0.43 of a point to 7,009.66 while the Plantation Index dropped 41.97 points to 4,374.04.The FBMEmas declined 9.52 points to 5,847.07, the FBM30 decreased 12.31 points to 5,792.88 and the FBMMesdaq eased 10.32 points to 3,108.28.

However, the FBM2BRD climbed 16.86 points to 3,980.36.Losers outpaced gainers by 257 to 218 while 221 counters were unchanged, 553 untraded and 37 others suspended.The turnover today was at 403.171 million shares worth RM585.977 million, upfrom yesterday's 332.422 million shares valued at RM599.722 million.

However, the dealers said losses on the local bourse were offset by mild interest in finance counters amid expectations that the banking industry would benefit from the pump priming stimulus package to be announced on March 10.Finance-based stocks, Bumiputra-Commerce, climbed 20 sen to RM6.90, Public Bank gained 15 sen to RM8.80 and Hong Leong Financial Group was up six sen toRM4.58.

Volume on the Main Board increased to 358.232 million shares worth RM577.041 million from 283.029 million shares valued at RM589.744 million yesterday.Turnover on the Second Board advanced to 22.047 million shares valued at RM5.999 million from 20.450 million shares worth RM6.020 million previously.

Volume on the Mesdaq Market though, was lower at 9.438 million shares worth RM1.716 million from the 9.827 million shares valued at RM2.136 million previously.Warrants also declined to 12.652 million shares valued at RM962,391 compared with yesterday''s close of 18.017 million worth RM1.481 million.

For the actives, KNM Group lost three sen to 37 sen while construction-based stock WCT slipped six sen or 5.60 per cent to RM1.01 after reporting a net loss of RM33.1 million in the fourth quarter ended Dec 31, 2008 from the RM47.9 million profit for the same period of 2007.

The loss was due to the cancellation of a US$1.3 billion race course project in Dubai, the United Arab Emirates (UAE).For the heavyweights, Tenaga Nasional and MISC gained five sen each to RM6.45 and RM8.55 respectively.

On a sectoral basis, consumer products accounted for 8.445 million shares traded on the Main Board, industrial products 133.546 million, construction 37.273 million, trade/services 101.953 million, technology 7.797 million, infrastructure 7.236 million, finance 18.704 million, hotels 3.898 million, properties 30.541 million, plantations 8.186 million, mining nil, REITs 589,500and closed/fund 59,000. -- BERNAMA

Affin Bank, Islamic Unit Reduce Rates

AFFIN Bank Bhd and Affin Islamic Bank Bhd will reduce their base lending rate and base financing rate respectively by 40 basis points to 5.5 per cent from 5.9 per cent.

reduction will take effect from March 2, 2009, the banks said in a statement today, adding that this followed the downward revision of Bank Negara Malaysia's overnight policy rate (OPR) recently.

"The reduction will afford greater savings to Affin Bank and Affin Islami ccustomers through lower financing costs, therefore passing on the savings we achieved from the OPR reduction to and for the benefit of our customers," said managing director and chief executive officer Datuk Seri Abdul Hamidy Hafiz. - BERNAMA

NSTP Catat Untung Bersih RM47.4j

Oleh Shahrizan Salian

Pendapatan pengiklanan keseluruhan akhbar bahasa Malaysia berkembang 12 peratusKUMPULAN The New Straits Times Press (Malaysia) Bhd (NSTP) mencatatkan keuntungan bersih RM47.4 juta bagi tahun kewangan berakhir 31 Disember 2008, mewakili peningkatan 40.3 peratus berbanding tahun kewangan sebelumnya. Dalam satu kenyataan yang dikeluarkan semalam, NSTP berkata, prestasi itu dicapai bersandarkan jumlah pendapatan sebanyak RM578.2 juta.

Ini tidak termasuk perkara luar biasa, kumpulan merekodkan keuntungan operasi sebelum cukai berjumlah RM46.1 juta yang mewakili peningkatan sebanyak 55 peratus daripada RM29.7 juta yang direkodkan pada tahun kewangan sebelumnya. Peningkatan prestasi itu disumbangkan oleh jumlah pendapatan yang lebih tinggi, terutama daripada pengiklanan. Harian Metro kekal mencatatkan pertumbuhan dari segi edaran dan pengiklanan.

TMI Untung RM905.82j

Oleh Ahmad Farizal Hajat

Pendapatan 2008 lonjak 14 peratus kepada RM11.348bTM International Bhd (TMI) mencatat keuntungan sebelum cukai RM905.82 juta bagi tahun kewangan berakhir 31 Disember 2008, berbanding RM2.33 bilion tahun sebelumnya.

Penurunan itu disebabkan oleh perkara luar biasa, termasuk kerugian dalam tukaran mata wang asing, terutama ringgit berbanding dolar dan faedah pinjaman kumpulan, yang mana memberi kesan ketara dalam sumbangan daripada anak syarikat kendalian serantaunya.

Faktor itu juga menyebabkan keuntungan bersih kumpulan susut 72 peratus kepada RM498 juta daripada RM1.78 bilion pada tahun kewangan 2007. Jika tidak termasuk perkara luar biasa tidak berulang itu, keuntungan bersih syarikat telekomunikasi itu bagi tahun kewangan 2008, sepatutnya RM1.1 bilion.

Bagaimanapun, di sebalik penurunan itu, pendapatan TMI tahun lalu melonjak 14 peratus kepada RM11.348 bilion berbanding RM9.997 bilion pada 2007.

Malaysia, Indonesia Setuju Kukuh Harga Sawit, Getah

MALAYSIA dan Indonesia bersetuju bekerjasama mengukuhkan harga komoditi, terutama minyak sawit dan getah di tengah-tengah kelembapan ekonomi global pada masa kini. Malaysia dan Indonesia sama-sama menguasai 85 peratus daripada pengeluaran minyak sawit dan 40 peratus pengeluaran getah asli dunia.

Dalam kenyataan bersama yang dikeluarkan di Kuala Lumpur semalam, kedua-dua negara bersetuju untuk mengambil langkah sesuai bagi memastikan kestabilan harga, terutama minyak sawit.

"Langkah ini termasuk menguruskan stok minyak sawit dan mengurangkan bekalan menerusi program penanaman semula," katanya dalam kenyataan itu. Menteri Perusahaan Perladangan dan Komoditi, Datuk Peter Chin Fah Kui dan Menteri Pertanian Indonesia, Dr Ir Anton Apriyanto mengadakan pertemuan semalam untuk membincangkan kerjasama dua hala itu.

Menteri Indonesia itu berada di Kuala Lumpur untuk menghadiri Mesyuarat Menteri-menteri Kumpulan Lapan Negara Membangun (D8).

Tinjauan Pasaran: KLCI Ditutup Paras Lebih Rendah

Minat terhadap saham mewah bantu tebus kejatuhan dalam bursa tempatanBURSA Malaysia ditutup lebih rendah semalam selepas diheret turun kaunter kewangan dan jualan sederhana di kaunter bermodal besar.

Peniaga berkata, peserta pasaran bimbang mengenai margin faedah bersih dan lembaran imbangan bank berikutan penurunan 50 mata asas kadar dasar semalaman (OPR) kepada dua peratus.

Kejatuhan di kaunter kewangan mendorong penanda aras, Indeks Komposit Kuala Lumpur (KLCI), turun 3.09 mata kepada 893.42 mata selepas dibuka 1.74 mata lebih rendah pada 894.77 pagi semalam.

Bumiputra-Commerce dan Maybank susut 10 sen, masing-masing kepada RM6.70 dan RM5.25. Maybank dijadualkan mengumumkan keputusan kewangannya hari ini. Bagaimanapun, kata peniaga itu kejatuhan dibendung oleh kenaikan di kaunter perladangan ekoran data eksport yang kukuh.

IOI Corp naik enam sen kepada RM3.78, Kuala Lumpur Kepong melonjak 10 sen kepada RM10.00 dan IJM Plantations meningkat tiga sen kepada RM2.04 Peniaga berkata, dagangan keseluruhannya kecil saja menjelang pengumuman data keluaran dalam negara kasar (KDNK) suku keempat 2008 hari ini.

Sepanjang sesi dagangan semalam, KLCI bergerak di antara 892.52 dengan 897.55. Indeks Kewangan jatuh 106.66 mata kepada 7,010.09 dan Indeks Perusahaan susut 1.04 mata kepada 2,112.10 tetapi Indeks Perladangan meningkat 39.55 mata kepada 4,416.01.

FBMEmas turun 24.76 mata kepada 5,856.59, FBM30 susut 32.39 mata kepada 5,805.19, FBM2BRD jatuh 29.27 mata kepada 3,963.50 dan FBMMesdaq hilang 9.45 mata kepada 3,118.60. Saham rugi mengatasi saham untung dengan jumlah 267 berbanding 190 manakala 215 kaunter tidak berubah, 578 tidak diniagakan dan 32 yang lain digantung urus niaga.

Saham diurus niaga semalam berjumlah 332.422 juta unit bernilai RM599.722 juta, meningkat daripada 327.152 juta unit bernilai RM616.218 juta kelmarin. Peniaga berkata, minat terhadap saham mewah sedikit sebanyak membantu menebus sebahagian kejatuhan dalam bursa tempatan.

Sime Darby naik lima sen kepada RM5.75 menjelang pengumuman pendapatan korporatnya semalam, dengan pelabur mengharapkan keputusan yang baik. Satu lagi kaunter mewah, Tenaga Nasional, melonjak 10 sen kepada RM6.40, selepas syarikat itu berkata ia akan hanya meminjam dalam nilai ringgit pada masa depan bagi mengelakkan pendedahan kepada keadaan turun naik pertukaran mata wang asing.

Kaunter pengendali tol juga menarik minat dengan Litrak meningkat lapan sen kepada RM1.98 dan PLUS Expressways naik enam sen kepada RM2.95, selepas kerajaan meluluskan kenaikan kadar bagi lima lebuh raya mulai 1 Mac 2009. Lebuh raya berkenaan termasuk Lebuh Raya Utara-Selatan yang dikendalikan oleh Plus dan Lebuhraya Sprint milik Litrak Holdings.

Jumlah dagangan di Papan Utama mengecil kepada 283.029 juta saham bernilai RM589.744 juta daripada 292.174 juta saham bernilai RM607.965 juta kelmarin. Di Papan Kedua jumlah dagangan bertambah kepada 20.450 juta saham bernilai RM6.020 juta daripada 16.171 juta saham bernilai RM5.202 juta sebelumnya.

Pasaran Mesdaq mencatatkan jumlah dagangan lebih tinggi iaitu 9.827 juta saham bernilai RM2.136 juta daripada 6.970 juta saham bernilai RM1.944 juta sebelumnya. Waran meningkat kepada 18.017 juta saham bernilai RM1.481 juta berbanding 11.412 juta bernilai RM1.014 juta, kelmarin.

Bagi saham cergas, Compugates susut setengah sen kepada 16.5 sen, KNM Group turun 10 sen kepada 40 sen dan Telekom Malaysia jatuh enam sen kepada RM3.50. Antara saham mewah yang lain, Public Bank naik lima sen kepada RM8.65, selepas bank itu berkata, penurunan kadar faedah baru-baru ini tidak terlalu menjejaskan pendapatannya.

Sementara itu, Genting Bhd jatuh enam sen kepada RM3.54, ekoran kebimbangan mengenai pendapatan, kerana unitnya, Resorts World, menyumbang 65 peratus kepada keuntungan sebelum cukainya. Resorts World turun dua sen kepada RM2.22 selepas ia melaporkan penurunan untung bersih sebanyak 59.2 peratus pada 2008 kepada RM634.4 juta daripada RM1.55 bilion pada 2007.

Sektor barang pengguna menyumbang 7.469 juta saham yang diniagakan di Papan Utama, barang perusahaan 41.757 juta, pembinaan 29.308 juta, perdagangan/perkhidmatan 119.090 juta, teknologi 5.283 juta, prasarana 14.966 juta, kewangan 25.122 juta, hotel 1.057 juta, harta 26.370 juta, perladangan 11.854 juta, perlombongan tiada, REIT 726,900 dan dana tertutup 2,000. – Bernama

MDV Lulus 78 Pinjaman RM658juta

Oleh Ahmad Fiesal Othman

249 firma dapat manfaatMALAYSIA Debt Ventures Bhd (MDV), anak syarikat milik penuh Menteri Kewangan Diperbadankan, meluluskan 78 permohonan pinjaman bernilai RM658 juta bagi tahun kewangan 2008/2009.

Pengarah Urusan dan Ketua Eksekutifnya, Md Zubir Ansori Yahaya, berkata secara keseluruhan sejak penubuhannya sehingga Disember 2008, MDV mengagihkan pinjaman berjumlah RM2.2 bilion kepada 249 syarikat tempatan.

Katanya, portfolio pinjaman MDV yang melebihi RM1 bilion itu menunjukkan saiz asetnya yang kukuh walaupun ketika ekonomi yang kian mencabar. "Ketika ini juga, sebanyak 34 permohonan pinjaman bernilai lebih RM420 juta sedang menunggu proses penilaian dan kelulusan," katanya dalam kenyataan, semalam.

Md Zubir menambah, sektor teknologi maklumat dan komunikasi (ICT) adalah antara peminjam utama yang mana pertumbuhan pinjaman oleh sektor terbabit adalah sepantas pelaksanaan projek.

Sime Darby Untung RM1.64b

SIME Darby Bhd mencatat keuntungan sebelum cukai RM1.64 bilion bagi setengah tahun berakhir 31 Disember 2008, susut 24 peratus berbanding RM2.19 bilion dalam tempoh sama tahun sebelumnya.

Prestasi lebih rendah itu diraih menerusi pendapatan yang susut dua peratus kepada RM16 bilion daripada RM16.29 bilion pada 2007. Bagi suku kedua berakhir 31 Disember 2008, keuntungan sebelum cukai konglomerat itu susut kepada RM395.5 juta berbanding RM1.17 bilion sebelumnya, manakala pendapatan merosot kepada RM7.30 bilion daripada RM8.1 bilion.

Presiden dan Ketua Eksekutif Sime Darby, Datuk Seri Ahmad Zubir Murshid, berkata penurunan keuntungan dalam tempoh enam bulan pertama itu disebabkan kemerosotan keuntungan operasi sebanyak 28 peratus daripada bahagian perladangan.

Katanya, ia susulan kejatuhan harga minyak sawit mentah (MSM) sejajar kemelesetan ekonomi global. Bahagian perindustrian bagaimanapun mencatatkan prestasi kukuh dengan keuntungan operasi meningkat 23 peratus kepada RM436 juta, sebahagian besarnya disebabkan kekukuhan operasi di Asia Tenggara dan Australasia.

Seiring kedudukan ekonomi global yang tidak menggalakkan, Ahmad Zubir menjangka prestasi separuh kedua kekal mencabar, justeru usaha akan ditingkatkan untuk memastikan kecekapan operasi meningkat dan kos dikurangkan.

Bank Negara, United Kingdom Meterai MoU

BANK Negara Malaysia (BNM) semalam memeterai Memorandum Persefahaman (MoU) dengan Perdagangan dan Pelaburan United Kingdom (UKTI) untuk mewujudkan rangka kerja usaha sama bagi menggalakkan kerjasama dalam kewangan Islam.

“MoU itu ditandatangani Gabenor BNM, Tan Sri Dr Zeti Akhtar Aziz, manakala UKTI diwakili Ketua Eksekutifnya, Sir Andrew Cahn,” kata Bank Pusat itu dalam kenyataan di Kuala Lumpur, semalam.

MoU itu akan merintis jalan bagi Malaysia dan United Kingdom (UK) untuk mengukuhkan kerjasama dalam membangunkan tenaga kerja mahir dan kepakaran, perhubungan perniagaan dan sokongan infrastruktur dalam kewangan Islam.

Inisiatif strategik itu mudahkan pertukaran sumber dalam pembangunan modal insan dan menggalakkan pengiktirafan bersama piawaian dalam urus niaga kewangan Islam.

'Respectable' Malaysia growth figure for 2008 likely

MALAYSIA'S economic growth will likely slow to 1.23 per cent year-on-year in the fourth quarter of 2008, the lowest since 2001, on lower production and exports.But Business Times' poll of economists predicts that full-year gross domestic product (GDP) growth will still increase by a "respectable" 4.96 per cent from 2007, supported by strong performance of trade during the first three quarters of the year.

Malaysia saw three consecutive quarters of slower GDP growth in 2008, from 7.4 per cent in the first quarter to 6.7 per cent and 4.7 per cent in the second and third quarters, respectively.

Economists polled expect the economy to grind to a halt this year, stagnating at 0.09 per cent on average. Bank Negara Malaysia will release the quarterly data today.
Standard Chartered Bank economist Alvin Liew said the negative expectations were set after exports contracted 7.4 per cent in the fourth quarter of last year.

"The gloomy external outlook may also have a dampening effect on domestic demand. Overall, we expect GDP growth to slow markedly to below 1 per cent in the fourth quarter of 2008," he said.

Citi said while year-on-year growth will remain positive, the implied quarter-on-quarter seasonally adjusted annualised rate (SAAR) will contract by 5.7 per cent, bringing Malaysia closer to the edge of technical recession.

"As the cushion from commodity prices evaporates, Malaysia's growth performance should converge with those of other regional technology exporters like Taiwan and Singapore, both of which saw GDP contractions of 8.4 per cent and 3.7 per cent respectively," said Kit Wei Zheng, Citi's vice-president of Asia-Pacific economics and market analysis.

He said the dip will largely be due to a sharp contraction in manufacturing output and exports, which fell 10.4 per cent and 7.4 per cent respectively in the fourth quarter.Citi said domestic demand is also slowing significantly, as seen by the recent falls in motor vehicle sales, dragged down by the spate of rising retrenchments in manufacturing.

GDP growth for 2009 will likely come in at a paltry figure in spite of a second budget stimulus, said DBS Bank economist Irvin Seah.Although the full-year 2008 growth will remain respectable, a more assertive and immediate set of policy responses is required to prevent the economy from slipping into a full-fledged recession given the dire economic outlook, he said.

TA Research economist Patricia Oh said the services sector will continue to be the main driver of growth in the fourth quarter of 2008, although posting a softening growth pace compared to the previous quarters.

"We expect the manufacturing sector to post the largest contraction among the other sub-divisions. There have been four consecutive months of contractions in the industrial output through December.

GDP growth is expected to moderate in 2008, underpinned by weak consumption spending, softening investment growth and huge contraction in external trade."As for 2009, we are likely to deal with drastic contraction within the exports and imports segments in real terms, and the overall external will still be able to register a healthy surplus," she said.

KL shares to open easier

KUALA LUMPUR: Malaysian shares are set for an easier opening after U.S. stocks were dragged lower by weak data and worries that the government’s economic plans would limit profits.

The main Wall Street indexes fell up to 2.4 percent as investors viewed President Barack Obama’s plan to expand healthcare provision and cut costs as likely to strangle earnings in the sector.

Malaysia’s benchmark stock index $<.KLSE$> ended 0.34 percent lower at 893.42 points on Thursday. “The weak trend is likely to persist as we approach the weekend,” said an institutional dealer at a local investment bank.

Traders will stay sidelined ahead of the central bank’s assessment of Malaysia’s economic performance in the fourth quarter later this evening. The country’s economy is seen growing just 1 percent, its slowest annual pace in seven years, in the fourth quarter, economists say. “I think most people will stay neutral for the time being, at least until after the mini budget is announced.

They will want to see what kind of package the government announces and how those measures will help pull the economy out of its current doldrums,” he said. Malaysia’s government is aiming to revive the economy with a second round of spending to be announced on March 10.

Until recently, the additional spending plan was seen by economists as being worth some 7-10 billion ringgit, but with demand shrinking globally, some economists are calling for a bigger boost due to shrinking exports.

On the corporate side, Malaysia’s top lender Maybank will release its second quarter results this evening, where earnings are expected to be hit by a rise in bad debts and a drop in its investment portfolio. - REUTERS

February 26, 2009

Carrer Reviewed: Unit Trust Consultant-Part 1

Career Reviewed: Unit Trust Consultant - Part 1: Why would I want to be a Unit Trust Consultant?

Written on September 25, 2008 This post is guest blogging by Chee Wee - An unit Trust Consultant.

Unit Trust is a sunrise industry in our country. It has evolved into a lucrative profession. Unlike traditional career with has limitations in terms of personal growth, income potential and time, it is the exact opposite.

Too many of us are frustrated at the prospect of squandering our best years on a 9 to 5 mundane job. It is structurally incapable of giving us what we dream of most – personal and financial freedom.

So why not take back the reins of your life. Why not, indeed!
Most of us are educated to pursue a traditional career in the corporate world. However in the current globalizations and high technology driven climate, unit trust industry is fast becoming popular with the younger generations.

Resources that join the industry come from a broad range of backgrounds. There are those who graduated with first class degrees. There are also people who switch to this industry with totally unrelated work experiences.

This industry is quite a versatile industry in terms of recruiting human capital. It is no longer the industry for people who can’t make a living elsewhere. Young graduates and newcomers to the industry need not fear the lack of knowledge or understanding as ample training and opportunity is available.

Training programs are held to educate product knowledge and to build or refine soft skills. Be assured that there will be guidance and support from mentors. Mentors will build their people to higher level. Mentors are ever ready to reach out, to nurture and guide you.

Today, an estimated 60% of associates are earning a five figure income monthly with job loads equal to those working in the financial investment houses. The different is the networks you build are your own and do not belong to the company.

So with this I’ll end the first part of this review, in the next part we will see What’s is the benefit of this career. Just Sign up with our Auto-Feed Manager to deliver the next part to your Inbox automatically.

Maybank To Cut BLR To 5.55% From March, 2

Published: 2009/02/26

MAYBANK (1155) , the country's biggest lender, will reduce its base lending rate (BLR) from 5.95 per cent to 5.55 per cent effective March 2.The base financing rate (BFR) of its Islamic banking unit will similarly be revised downwards from 5.95 per cent to 5.55 per cent.

This follows the recent downward revision of Bank Negara Malaysia's Overnight Policy Rate.Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar said the revision will enable all borrowers with loans pegged to the BLR to have lower instalments on their repayments.

"We are also constantly monitoring the needs of our customers and will ensure that they receive the necessary support and assistance during this period," Wahid said in a statementThe last revision in the BLR and BFR of Maybank and Maybank Islamic was made on February 3 when the rates were cut from 6.5 to 5.95 per cent.

Economists: Step Up Govt Spending

Published: 2009/02/26

The Malaysian government should step up spending to complement interest rate cuts and rejuvenate the economy, said economists.

Bank Negara Malaysia has slashed the Overnight Policy Rate (OPR), which determines banks' lending rates, by 1.5 per cent in three straight meetings.Economists said the second stimulus package, to be unveiled on March 10, would be more effective in countering slowing economic growth.

On Tuesday, the key rate was cut by another half per cent, or 50 basis points, to 2 per cent. Banks are also allowed to keep less money at the central bank as the statutory reserve requirement (SRR) was halved to 1 per cent.Inter-Pacific Research said that while the SRR and OPR cuts might delay the rise of bad loans and bankruptcies, fiscal measures remained very important.

"Should the measures turn out to be positive and implemented swiftly, we believe it could help contain the downtrend of the economic outlook," it said.Economists are also not ruling out more rate cuts if the economy slows further, while falling inflation gives more room for the central bank to do this.

They said that Bank Negara's policy statement indicated that future data could be worse than government and market expectations.Exports and industrial production numbers weakened sharply last December, while consumer and business sentiment dropped to a new low.

The fourth quarter gross domestic product (GDP) figures will be released tomorrow.OSK Research said that worsening macroeconomic fundamentals would result in the Malaysian economy falling into recession this year."Lower interest rates will drive foreign direct investment from Malaysia to other countries with relatively higher returns, i.e.

China with an interest rate of 5.3 per cent and India with 6 per cent currently," it said.OSK, which has cut its GDP forecast for 2008 to 5 per cent, expects a contraction of 1 per cent for this year.

It is maintaining its 2010 projection at a positive 2.2 per cent.Affin Investment Bank economist Alan Tan believes that future monetary policy committee meetings will signal a stance towards a weaker ringgit to boost exports.

A weaker ringgit means that Malaysia's exports will be cheaper.Tan also expects Bank Negara to reduce its intervention in the foreign exchange market to support the ringgit, allowing it to fall in tandem with regional currencies.

Sarawak Plantation Profit Up 7%

Published: 2009/02/26

SARAWAK Plantation Bhd's (SPB) revenue for the financial year ended Dec 31, 2008 rose by seven per cent to RM262 million from RM244 million in the same period of 2007 despite facing challenging times.

In a statement here today, SPB said the higher revenue was mainly due to higher average crude palm oil (CPO) prices. However, group pre-tax profit for the financial year ended Dec 31, 2008, fell by 18 per cent to RM67.6 million from RM82.7 million in the same period of 2007.

"This is due to higher production costs following the increase in fertiliser, agrichemical and fuel prices as well as imposition of cooking oil stablisation cess since June 2007 and windfall tax since July last year," it said.

SPM said it would pay a four-sen dividend for financial year ended Dec 31, 2008. Last September it paid an interim dividend of seven sen. It said with the current low CPO prices, SPM would continue to seek operational efficiency enhancement to mitigate the impact arising from lower CPO revenue on its financial performance.

"The measures include prudent spending, cost rationalisation and cost control besides increasing milling efficiency and improving oil extractionrate," it said. SPB said it expected a challenging year ahead but was confident its performance for the next financial year would be stable subject to the outlook of crude oil and global oils and fats market.

The company produced 10,012.82 metric tonnes of CPO, 31,614.10 metric tonnes of fresh fruit bunches and 2,350.48 metric tonnes of palm kernel as at November last year. It has a landbank of 51,161 hectares. -- BERNAMA

Palm Oil "Manageable" Level: Malaysia

Published: 26 February, 2009

PALM oil has traded at a “manageable” level since Malaysia, the world’s second-biggest producer, introduced measures to cut output last year, the country’s commodities minister said. Prices in 2009 of between RM1,400 (US$381) and RM1,900 a metric ton would be enough to sustain export income from the crop, Datuk Peter Chin said in a speech in Kuala Lumpur.

That compares to today’s high of RM1,930. Palm oil, Malaysia biggest agricultural export, has gained about 19 per cent since the country allied with Indonesia in November to reduce production of the edible oil following a price slump.

Malaysia needs higher income from overseas sales of palm oil as it attempts to avoid a recession. “If we are able to continue this sort of range this year, despite whatever global recession there may be, the palm oil industry will be able to provide Malaysia with the export earnings that it needs,” Chin said.

Palm oil for May delivery on the Malaysia Derivatives Exchange traded at RM1,906 a ton at 11:44 am, gaining for a second day. The commodity slumped 70 per cent between touching a record RM4,486 last March and the year’s low on October 28.

The output-cut plan came the next month, on November 6. Malaysia and Indonesia, the world’s biggest producer of palm oil, agreed in November to replant old estates, cutting annual output by as much as 800,000 metric tons.

The two countries account for about 90 per cent of global output. The Indonesian Palm Oil Association expects 2009 output of about 20 million tons, according to a January 21 forecast. Malaysian production this year may be “static or lower” than last year’s 17.5 million tons, Chin said yesterday.

Chin said today he expects Malaysia’s palm oil stockpiles to fall this year. The country’s stockpiles dropped in January to 1.83 million tons, the lowest level in nine months. - Bloomberg

Malaysia Rating Backed By Govt Finances, Economy: Moody's

HONG KONG: The Malaysian government’s financial strength and the country’s open and diversified economy are supporting its A3 investment grade credit rating, Moody’s Investors Service said in a report today.

The country’s worsening finances are sparking concern in financial markets that the government will have to spend more to boost an economy grappling with shrinking global demand. The government has said it will revise down its 3.5 per cent economic growth forecast for the year, itself a revision down from an earlier forecast of 5.4 per cent.

The official forecast is for the economy to register little growth in 2009 and some private sector analysts fear there will be a recession in Malaysia this year.

Moody’s expects Malaysia’s gross domestic product to grow by only 0.5 per cent in 2009 from 5 per cent a year ago. Even so, the rating agency said the country’s US$211 billion economy is twice as big as the median for A-rated countries and was quite well diversified.

It also said Malaysia’s external debt position is strong with its external debt service ratio of 3 per cent considerably better than the peer median of 6.3 per cent. “The government’s financial robustness is underpinned by the country’s very strong external position and high savings rates,” the agency said in a statement.

But it also warned that, “administrative short-comings and socio-political priorities have weakened prospects for stronger fiscal discipline and much needed structural reform that could have boosted private investment to a greater extent”.

While noting that low private investment had pushed the government to spend more on subsidies and infrastructure in recent years, Moody’s said falling commodity prices and slowing revenues would intensify the need for fiscal stimulus.

Today, Deputy Prime Minister Datuk Seri Najib Razak said Malaysia will need a bigger fiscal boost than its existing RM7 billion (US$1.9 billion) stimulus package in a mini-budget set for March 10. Until recently, the second spending plan was seen by economists as being worth RM7-10 billion, but some are now calling for a bigger boost to counter shrinking exports.

Moody’s said higher fiscal financing requirements will be supported by the country’s high savings and deep liquidity. “Malaysia’s strong access to foreign currency liquidity not only underpins its external sovereign creditworthiness, but also affords it more policy manoeuvring room than many ratings peers.” - Reuters

Tenaga looks to cut FX loans

Electricity utility Tenaga Nasional is looking to cut its foreign currency debts which it said were RM12-13 billion (US$3.27 billion), around half its total debts, Malaysian newspapers reported.

“We have managed to streamline our foreign currency loan to that of the US dollar and yen only,” Chief Executive Che Khalib Mohamad Noh said, according to the Star newspaper. Che Khalib said that the company would repurchase some of the loans if the price were right. - REUTERS

KL shares seen lower after US slips

SHARES are set for a soft opening today after US stocks fell on warnings of a stricter oversight for Wall Street and uncertainty over Washington’s plan to shore up the banking system. The Dow Jones industrial average fell 1.09 per cent at 7,270.89 and the Standard & Poor’s 500 Index was down 1.07 per cent at 764.90.

“The market has so far risen without any corresponding positive change in fundamentals. These gains are unsustainable,” said an institutional dealer at a local investment bank. Wall Street’s volatility will keep most local investors sidelined, she said.

Traders’ attention will continue to focus on the remaining companies that have yet to release their earnings reports. Flag carrier Malaysia Airlines, top palm planter Sime Darby and mobile phone firm TM International are scheduled to release their quarterly earnings later this evening, while Malaysia’s top lender Maybank is scheduled to announce its first-half results tomorrow. Malaysia’s benchmark stock index ended 0.27 per cent higher at 896.51 points yesterday. - Reuters

February 25, 2009

Indeks KLCI ditutup 894.07 mata

HARGA saham mewah di Bursa Malaysia ditutup tinggi dengan kaunter kewangan menyediakan rangsangan berikutan jangkaan mereka akan mendapat faedah daripada pakej rangsangan yang akan diumumkan pada 10 Mac ini, walaupun kaunter berharga rendah terus turun disebabkan kebimbangan kelembapan ekonomi.

Bumiputra-Commerce naik 30 sen kepada RM6.75, manakala Maybank menokok 10 sen kepada RM5.40, kerana saham berkenaan antara yang dijangka paling mendapat faedah daripada aktiviti perniagaan perbankan pelaburan hasil daripada pakej rangsangan kedua. Indeks Komposit Kuala Lumpur (KLCI) meningkat 6.24 mata untuk ditutup pada 894.07 selepas dibuka 2.17 mata lebih rendah kepada 885.66 pagi semalam. Sepanjang sesi dagangan, KLCI bergerak antara 883.81 dengan 894.07.

Indeks Kewangan meningkat 93.42 mata kepada 7,117.11, Indeks Perusahaan menambah 18.78 mata kepada 2,107.49, tetapi Indeks Perladangan turun 7.97 mata kepada 4,363.15. FBMEmas naik 30.91 kepada 5,862.39, FBM30 meningkat 54.39 mata kepada 5,811.15; FBMMesdaq susut 24.84 mata kepada 3,131.52, manakala FBM2BRDturun 6.30 mata kepada 3,981.99. Kaunter rugi mengatasi untung sebanyak 300 berbanding 160, manakala 194 tidak berubah, 590 tidak diniagakan dan 32 yang lain digantung.

Jumlah dagangan berjumlah 338.466 juta saham bernilai RM601.100 juta, peningkatan daripada 318.390 juta saham bernilai RM488.453 juta kelmarin. Peniaga berkata, minat dilihat dalam saham mewah terpilih susulan jangkaan pendapatan korporat yang baik.

Pendapatan korporat bagi suku keempat tahun lalu dijangka diumumkan tidak lama lagi dengan pasaran memberi tumpuan kepada Maybank dan Sime Darby. Bagaimanapun, katanya, peserta pasaran masih berhati-hati dengan angka keluaran dalam negara kasar (KDNK) suku keempat 2008 yang dijadual diumumkan, Jumaat ini.

Jumlah dagangan di Papan Utama meningkat kepada 304.316 juta saham bernilai RM601.100 juta daripada 276.939 juta saham bernilai RM479.456 juta kelmarin. Jumlah dagangan di Papan Kedua susut kepada 14.715 juta saham bernilai RM3.841 juta daripada 21.745 juta saham bernilai RM6.406 juta sebelumnya.

Jumlah dagangan di Pasaran Mesdaq meningkat kepada 10.449 juta saham bernilai RM2.312 juta daripada 8.848 juta saham bernilai RM1.633 juta sebelumnya. Waran turun kepada 8.395 juta bernilai RM768,553 berbanding 10.478 juta berjumlah RM882,233. - Bernama

February 24, 2009

Malaysia Economic Growth Target Realistic:PM

THE Malaysian economy can still grow this year and the government's expectation is realistic, says Prime Minister Datuk Seri Abdullah Ahmad Badawi.He did not say what would be the revised economic expansion target that would be announced on March 10.

"We are still realistic (about positive economic growth) depending on how we apply ourselves to this task," Abdullah told industry captains at a dialogue session organised by the KL Business Club in Kuala Lumpur yesterday.

The government had targeted to grow the economy by 3.5 per cent this year. However, Deputy Prime Minister Datuk Seri Najib Razak is set to announce a revised figure on March 10, the same day he will announce the second stimulus package.

Abdullah was also asked about the trend of protectionism where countries impose measures to protect local businesses, often at the expense of other nations."This is a symptom of failure of World Trade Organisation (WTO) talks.

That is why countries want to go on their own," he said. As countries cannot rely on the WTO, smaller groups of nations like Asean, for example, will be more important. Groupings like Asean will then engage with similar groupings like the European Union to boost trade.

Malaysia To Liberalise Foreign Investment

THE government is to announce soon, probably at the same time as it sets out its mini-budget on March 10, an easing of restrictions on foreign investment, International Trade and Industry Minister Tan Sri Muhyiddin Yassin said yesterday.

"There are some areas that we could liberalise, for example the FIC (Foreign Investment Committee); it has been agreed upon by the Cabinet and will be announced soon," he told foreign journalists in Kuala LumpurMuhyiddin did not specify which areas could be liberalised, but there has been pressure for the country to free up its services and government procurement.

"In the FIC one of the important components is the Bumiputera equity and that is also being looked at and there will be a slight change the Cabinet discussed this last week," he said.

Muhyiddin said, however, that the main policies would remain."It is one of the best policies ... It is a national programme; it is not a Malay agenda." Muhyiddin said his ministry would push for cuts in corporate taxes in a new round of spending, due to be announced on March 10, and said that he had asked for RM5 billion to be allocated to his ministry.

He declined to comment on the overall size of the spending package, aimed at helping the country avoid the global economic slowdown. - Reuters

Ulasan Pasaran: Saham DiTutup Paras 887.40 Mata

Pelabur amalkan sikap berhati-hati, tunggu pengumuman laporan ekonomi

HARGA saham di Bursa Malaysia ditutup rendah semalam dengan pelabur terus mengamalkan sikap berhati-hati menjelang pengumuman beberapa keputusan kewangan korporat dan laporan ekonomi yang dijadualkan minggu ini.

Penanda aras Indeks Komposit Kuala Lumpur (KLCI) lega 1.88 mata untuk ditutup pada 887.83 selepas dibuka 2.31 mata lebih rendah pada 887.40 mata pagi semalam. Sepanjang sesi urus niaga, KLCI bergerak antara 885.40 dan 892.93 mata.

Hari seterusnya untuk minggu ini akan menyaksikan pengumuman kenyataan dasar monetari Bank Negara dan statistik portfolio pelaburan serta angka keluaran dalam negara kasar suku keempat 2008. Turut dijangka diumumkan minggu ini ialah keputusan kewangan suku keempat untuk saham berwajaran tinggi Maybank, Sime Darby dan Telekom Malaysia.

Indeks Perladangan semalam merosot 15.37 mata kepada 4,371.12 sementara Indeks Perindustrian turun 17.61 mata kepada 2,088.71 dan Indeks Kewangan berkurangan 3.13 mata kepada 7,023.69. Indeks FBMEmas merosot 6.36 mata kepada 5,831.48, Indeks FBM30 susut 11.22 mata kepada 5,756.76 tetapi Indeks FBMMesdaq menokok 14.19 mata kepada 3,156.36 dan FBM2BRD menambah 7.80 mata kepada 3,988.29.

Saham untung mengatasi saham rugi dengan 225 berbalas 206 sementara 211 kaunter tidak berubah, 604 tidak diniagakan dan 32 yang lain digantung. Jumlah dagangan semalam ialah 318.390 juta saham bernilai RM488.453 juta.

Peniaga berkata, tiada sebab utama untuk pelabur keluar dari pasaran saham tempatan memandangkan pertumbuhan ekonomi dan persekitaran perniagaan kekal berdaya tahan. Bagaimanapun, ada sesetengah pelabur yang masih lagi bimbang, tambah mereka. Urus niaga di bursa tempatan juga agak tipis semalam ekoran petunjuk lemah dari Wall Street.

Jumlah dagangan di Papan Utama merosot kepada 276.939 juta saham bernilai RM479.456 juta daripada 316.244 juta saham bernilai RM589.863 juta Jumaat lalu. Jumlah dagangan di Papan Kedua turun kepada 21.745 juta saham bernilai RM6.406 juta daripada 21.807 juta saham bernilai RM7.133 juta sebelumnya.

Jumlah dagangan di Pasaran Mesdaq lega kepada 8.848 juta saham bernilai RM1.633 juta daripada 15.722 juta saham bernilai RM2.907 juta sebelumnya. Waran berkurangan kepada 10.478 juta bernilai RM882,233 berbanding penutup Jumaat pada 15.028 juta bernilai RM1.098 juta.

KNM Group adalah saham paling aktif diniagakan, merosot setengah sen kepada 40.5 dengan 318.52 juta saham diniagakan, diikuti dengan Compugates Holdings yang tidak berubah pada 17 sen dan Transmile Group menambah 14.5 sen kepada 65 sen. Saham mewah Sime Darby susut lima sen kepada RM5.60 tetapi Tenaga Nasional mengukuh lima sen kepada RM6.15 sementara Maybank kekal pada RM5.30.

Berdasarkan sektor, produk pengguna menguasai 7.968 juta saham yang diniagakan di Papan Utama, produk perindustrian 63.060 juta, pembinaan 30.516 juta, urus niaga/perkhidmatan 93.778 juta, teknologi 3.321 juta, infrastruktur 8.309 juta, kewangan 21.480 juta, perhotelan 9.514 juta, hartanah 26.489 juta, perladangan 10.877 juta, perlombongan 3,000, REITs1.611 juta dan dana tertutup 7,400. - Bernama

Bumiputra-Commerce Untung RM2.71B

Prestasi lebih rendah bersandar pendapatan kurang kepada RM7.74 bilion

BUMIPUTRA-Commerce Holdings Bhd (BCHB) mencatat keuntungan sebelum cukai RM2.71 bilion bagi tahun kewangan berakhir 31 Disember 2008 berbanding RM3.68 bilion dalam tempoh sama tahun sebelumnya.

Keuntungan bersih dalam tempoh kajian berjumlah RM1.95 bilion berbanding RM2.79 bilion dalam tahun kewangan 2007.

Prestasi lebih rendah dalam itu bersandarkan pendapatan yang berkurangan kepada RM7.74 bilion daripada RM9.01 bilion tahun sebelumnya. Bagi suku keempat berakhir 31 Disember 2008, kumpulan perbankan dan kewangan itu mencatat keuntungan sebelum cukai RM448.14 juta berbanding RM738.55 juta pada suku sama 2007, manakala pendapatan sebanyak RM1.88 bilion berbanding RM1.95 bilion.

Di sebalik prestasi kurang memberangsangkan dalam tahun kewangan dikaji, BCHB mengumumkan pembayaran dividen awal 25 sen sesaham yang berjumlah RM699.4 juta.

Ketua Eksekutif BCHB, Datuk Seri Nazir Razak, berkata kumpulan berkenaan tetap berpuas hati dengan prestasi yang lemah itu selepas mengambil kira pelbagai perkara. Katanya, ini termasuk proses penggabungan antara anak syarikatnya, PT Bank Niaga Tbk dengan PT Bank Lipo Tbk di Indonesia dan pengambilalihan 42 peratus kepentingan dalam BankThai di Thailand.

“Kami melihat 2008 dengan rasa yang puas kerana transformasi perbankan pengguna Malaysia diterjemahkan menjadi pemulihan pendapatan yang dramatik, walaupun kami mengalami kejatuhan besar dalam sumbangan daripada perniagaan pasaran modal.

“Selain itu, walaupun kami menyerap dua institusi perbankan serantau dan menanggung kos penggabungan yang berkaitan, proses ini membolehkan kami mengukuhkan kualiti aset dan nisbah modal kumpulan,” katanya mengumumkan keputusan kewangan BCHB bagi 2008 di Kuala Lumpur, semalam.

Nazir menjelaskan, prestasi lemah itu juga selepas mengambil kira penggabungan Bank Niaga dan Lippo Bank, selain pengambilalihan BankThai, yang masing-masing mempengaruhi keputusan dua bulan terakhir tahun kewangan dikaji.

“Tanpa mengambil kira kos berkaitan penggabungan, pendapatan bersih kumpulan sebenarnya hanya turun 2.6 peratus kepada RM2.064 bilion daripada RM2.119 bilion,” katanya. Dalam tempoh kewangan dikaji, pendapatan daripada perniagaan perbankan korporat dan pelaburan serta perbendaharaan BCHB menurun kepada RM816 juta dan kepada RM986 juta.

Ia susulan berkurangnya aktiviti pasaran modal dan meluasnya tebaran kredit bon, sementara perniagaan perbankan perniagaan dan sewa beli pula masing-masing susut 1.2 peratus dan lima peratus.

Mengenai tahun kewangan semasa yang akan berakhir 31 Disember 2009, Nazir berkata, walaupun dunia berdepan krisis ekonomi yang semakin mendalam, pihaknya yakin masih mampu mencatat prestasi yang lebih baik daripada tahun lalu.

Malaysia, Empat Bursa Asean Laksana e-Trading

Urus niaga sepadu tingkat daya saing, tarik dana antarabangsa

BURSA Malaysia bersama empat bursa saham utama Asean merangkumi Singapura, Indonesia, Thailand dan Filipina, semalam bersepakat menyepadukan urus niaga bursa masing-masing menerusi penubuhan rangkaian hubungan dagangan elektronik (e-trading) Asean.

Langkah itu akan membolehkan pelabur, mulai tahun depan berurusniaga secara terus di pasaran terbabit, yang mempunyai permodalan pasaran keseluruhan mencecah lebih AS$1 trilion.

Ketua Eksekutif Bursa Malaysia, Datuk Yusli Mohamed Yusoff berkata, penubuhan rangkaian hubungan dagangan elektronik Asean itu akan meningkatkan daya saing pasaran ekuiti negara masing-masing.

“Rangkaian e-trading Asean itu menerusi akses tunggal setempat akan membolehkan urus niaga antara sempadan Asean dan bakal menarik lebih banyak dana antarabangsa ke rantau ini,” katanya dalam kenyataan bersama semalam.

Memorandum persefahaman bagi penubuhan e-trading Asean itu dimeterai Bursa Malaysia, Bursa saham Singapura (SGX), Bursa Saham Indonesia, Bursa Saham Filipina (PSE) dan Bursa Saham Thailand (SET), di Bangkok, semalam.

February 23, 2009

Gamuda Pre-Qualifies For RM10B Qatar Projects

Published: 2009/02/23
Gamuda Bhd (5398), Malaysia's second biggest builder by market value, has been pre-qualified for more than RM10 billion worth of infrastructure projects in Qatar, a senior official said.

It is also bidding for several infrastructure-related jobs in Bahrain and other Asian countries, Chan Kong Wah, the managing director of Gamuda Engineering Sdn Bhd, the group's construction arm, told Business Times.

The builder has gained a strong footing in the Middle East since 2005, winning three major projects in Qatar and Bahrain, worth a combined RM4.01 billion.It has a RM2.6 billion contract to build the New Doha International Airport (NDIA), a RM760 million deal for the Dukhan Highway project in Qatar.

It also has the RM650 million job for the Sitra Causeway Bridges. Gamuda has built a reputation for doing its work well, completing jobs ahead of schedule. This had led to an RM850 million deal for extension works at the NDIA.The contract, awarded in 2007, was to build new pavements, aprons and a tunnel, and for mechanical and electrical works.

"There's possibly RM400 million (contracts) more to come (for the NDIA)," Chan said. It is now looking for more jobs in the Middle East as the Dukhan Highway project is almost completed.
Work is due to finish by June 2009 and the highway will be handed over to the client, the Public Works Authority.

As for the NDIA project, a joint venture between Gamuda, Sinohydro and WCT, it is 70 per cent completed and is scheduled to finish by February next year.Its Sitra project will also be completed by May 2010.

Investor Positive On Malaysian Stocks:Macquarie

Published: 2009/02/23

Macquarie's top picks are Genting, AMMB Holdings, KNM Group, TM International and Tenaga Nasional.

INVESTORS still see potential upside in Malaysian stocks with the market expected to strengthen in 2009, Macquarie Research says.The research house, which spent a week marketing in Malaysia, Singapore and Hong Kong, said investor demand was surprisingly good."

The main questions that arose revolved around what bombed stocks should be bought."Additionally, investors were also wondering if the current strength in plantations should be bought or sold," it said in a research note.

Macquarie said most investors still thought of Malaysia as low beta, where risks and returns are low. They were also surprised that one can make money in the country and outperform regional markets in bear rallies.

This in itself probably led investors to rethink their positioning if they expect a rally in the second and third quarters of 2009."We recommend investors move out of cash into equities in first quarter because we expect a bear market rally this year," the research house said.

Macquarie's top picks are Genting Bhd, AMMB Holdings, KNM Group, TM International and Tenaga Nasional Bhd.Elaborating on the stock choices, it said TM International was chosen due to its cheap valuation and growth.

"Most investors felt they would wait till the potential cash call is completed," the research house said.It said TNB was quite topical in the second half of the week after the government adjusted tariffs in favour of the company.The main positive is that the regulatory regime continues to demonstrate favour for Tenaga and the introduction of a tariff formula is now more likely than in recent history.

"The main pushback was that investors wanted to wait for further clarity on the regulatory front," Macquarie said.As for Genting, the stock has been forgotten since the third and fourth quarters of 2008, and investors sat up when they realised how cheap it is - excluding the market value of its Singapore subsidiary.

The main concern for Genting is that a number of investors did not believe Sentosa would be a success because they compared it with Macau and Las Vegas.

Tinjauan Pasaran: Penanda aras menjunam tak diduga

BURSA Malaysia mencatat kejatuhan minggu lalu, sekali gus menghapuskan semua kenaikan yang diperolehnya selama dua minggu sebelum itu, apabila pasaran diselubungi kebimbangan mengenai kemerosotan ekonomi yang semakin membimbangkan.

Kebimbangan juga berlegar mengenai kemungkinan beberapa bank di Amerika Syarikat (AS) diselamatkan oleh kerajaan berikutan kemusnahan tidak terbilang aset masing-masing yang turut menjejaskan sentimen tempatan.

Minggu lalu, Indeks Komposit Kuala Lumpur (KLCI) jatuh 20.13 mata atau 2.2 peratus untuk ditutup pada 889.71, manakala purata urus niaga berada pada 352.7 juta saham bernilai RM537 juta, berbanding 404.8 juta saham bernilai dan RM639.4 juta minggu sebelumnya.

Penanda aras indeks komposit menjunam tanpa diduga apabila pasaran memberi reaksi negatif terhadap tinjauan ekonomi global yang semakin buruk dan ketidaktentuan politik tempatan. Penguncupan teruk ekonomi Jepun pada purata 12.7 peratus, kejatuhan paling teruk sejak tragedi kejutan minyak 1974 dan tinjauan suram ekonomi oleh menteri AS, Britain dan kumpulan tujuh negara maju (G7) turut menyumbang sentimen lemah di pasaran tempatan yang berlegar sekitar ketidaktentuan politik di Perak.

Indeks Harga Pengguna bagi Januari yang dikeluarkan Jumaat lalu, meningkat pada purata 3.9 peratus berbanding tahun lalu. Tidak mustahil, indeks harga makanan dan minuman tidak beralkohol kekal tinggi kerana peniaga enggan menurunkan harga barang dan perkhidmatan.

Hanya menunggu masa saja untuk persaingan harga menjadi semakin hangat dan peniaga mulai berasa persaingan serta menurunkan harga apabila pengangguran semakin meningkat. Angka eksport, jualan dan pengeluaran sektor perkilangan yang dikeluarkan baru-baru ini tidak memberikan gambaran positif ke atas tinjauan masa depan dan data Keluaran Dalam Negara Kasar (KDNK) suku keempat yang akan dikeluarkan Jumaat ini, juga mungkin akan memberi maklum balas yang sama.

Justeru, untuk memastikan ekonomi terus bergerak, langkah yang akan diumumkan 10 Mac ini seharusnya menangani kemelesetan yang dialami ketika ini dalam pelbagai cara, termasuk perbelanjaan awam terhadap projek yang akan memberi kesan berganda dan menurunkan cukai peribadi yang akan membantu meningkatkan pendapatan boleh guna isi rumah


Selain itu, langkah yang boleh diambil juga termasuk memberi insentif yang akan mengekalkan permintaan bagi hartanah dan pertumbuhan pinjaman, pemberian insentif kepada golongan berpendapatan rendah yang terjejas akibat kehilangan pekerjaan, serta membuat keputusan dasar berani untuk mengekalkan pertumbuhan negara untuk kekal berdaya saing di pasaran global.

Minggu ini, kita akan memasuki peringkat akhir musim pelaporan suku keempat, yang mana akan menyaksikan syarikat berwajaran berat seperti Sime Darby, Maybank dan Commerce, mengumumkan keputusan masing-masing.

Harga komoditi yang lemah dan kos pengeluaran yang tinggi menyeret pendapatan syarikat berkaitan perladangan lebih rendah dan ini tidak terkecuali bagi Sime Darby yang dijangka turut menyaksikan pengurangan aktiviti bahagian perniagaannya yang lain.

Maybank dan Commerce pula, masing-masing dijangka melaporkan peruntukan yang tinggi dan kerugian tukaran asing yang akan menjejaskan pendapatan sukuan masing-masing. Sehubungan itu, KLCI dijangka terus mencatat pembetulan minggu ini.

Selain itu, penurunan besar di pasaran saham luar negara akan terus mempengaruhi pasaran tempatan, dan pelabur tempatan dijangka menjauhi pasaran. Paras sokongan rendah dijangka berada pada 889 mata dengan paras paling rendah pada 869 mata, manakala paras rintangan tinggi pada 900 serta paling tinggi pada 920.

February 21, 2009

Bajet Mini bantu projek tertangguh

BAJET mini yang akan dibentangkan di Parlimen 10 Mac ini akan membabitkan pakej yang ‘sedia untuk dilaksanakan’, merangkumi campuran projek jangka sederhana bagi menstabilkan pertumbuhan ekonomi dan pelaburan untuk mengurangkan kesan kemelut kewangan global kepada ekonomi negara ini, kata Ketua Pengarah Unit Perancangan Ekonomi (EPU), Tan Sri Dr Sulaiman Mahbob.

Beliau berkata, langkah itu akan menyokong perniagaan dalam mengatasi kelembapan serta menangani isu pembuangan kerja. “Bajet mini itu sudah pastinya lebih menyeluruh kerana kami melakukan banyak usaha perundingan dengan peserta industri,” katanya selepas menyampaikan ceramah mengenai langkah yang diperlukan oleh Malaysia untuk kembali pulih ekoran krisis ekonomi global semasa, di Kuala Lumpur, semalam.

“Ia akan meliputi banyak sektor dan juga menangani kebimbangan terhadap kesan krisis kewangan global,” tegasnya. Sulaiman berkata, EPU serta Kementerian Kewangan mengkaji semula projek yang mempunyai kesan positif terhadap ekonomi dari segi kesan penggandaan agar ia dapat dicadangkan kepada kerajaan.

Katanya, ini akan membabitkan pemindahan peruntukan di kalangan kementerian supaya projek yang tertangguh boleh dilaksanakan dengan segera.

Sebelum itu, Sulaiman berkata dengan pakej rangsangan pertama yang bernilai RM7 bilion dan penurunan berterusan harga minyak mentah global, defisit fiskal kerajaan akan menjadi lebih tinggi. “Dengan pakej rangsangan yang baru, kami menjangkakan defisit fiskal akan meningkat lagi berbanding 4.8 peratus yang dianggarkan ketika pembentangan Bajet 2009 tahun lalu,” katanya.

Sulaiman menambah, anggaran defisit fiskal yang baru serta angka pertumbuhan Keluaran Dalam Negara Kasar (KDNK) yang disemak semula akan diumumkan pada bajet mini itu.

“Kami menjangkakan pertumbuhan positif yang kecil untuk KDNK tetapi setakat ini, kami belum memuktamadkan lagi angkanya,” katanya. Beliau berkata, dengan bertambah teruknya kelembapan ekonomi global, kerajaan akan terus mengambil langkah untuk mengukuhkan daya tahan ekonomi bagi mengurangkan kesannya.

Sementara itu, Sulaiman berkata, cadangan pembinaan terminal syarikat penerbangan tambang murah (LCCT) baru di Labu, Negeri Sembilan masih dalam perbincangan antara kerajaan dan pihak berkaitan.

Beliau menjelaskan, kerajaan meluluskan projek itu secara dasar kerana melihatnya sebagai satu pelaburan sektor swasta tetapi wujud keperluan bagi pihak berkenaan mengkaji perkara itu membabitkan semua keperluan teknikal dan keselamatan.

“Ini mesti dilakukan dan Kementerian Pengangkutan berunding dari segi kehendak teknikal. Sehingga atau kecuali semua ini diselesaikan, kita tidak boleh lakukannya,” katanya.

February 20, 2009

Shrinking Exports The Main Concern For Malaysia

THE main problem facing the Malaysian economy now is its shrinking export industry, which is hurting income and eventually domestic consumption, says Second Finance Minister Tan Sri Nor Mohamed Yakcop.

Exports have been falling for a while, he said, adding that orders are also drying up."Our major issues now are arising from this export pressure our exports total more than 100 per cent of our GDP (gross domestic product), while in Japan and most countries less than 30 per cent," he said.

Nor Mohamed said despite Malaysia's diversification efforts, such as increasing domestic consumption, "export is still important".

"And as exports shrink, it will affect the income of people and therefore consumption will be affected too," said Nor Mohamed to reporters after launching EonCap Islamic Bank's financing schemes in Kuala Lumpur yesterday.

This has prompted the government to constantly urge banks to continue lending."We also want to keep employment at a high level," he said.

On the upcoming announcement of the mini budget or second stimulus package on March 10, Nor Mohamed said it will be a comprehensive one.

Unit Trust-Understanding Risks

Any investment carries with it an element of risk. Therefore, prior to making any investment, prospective investors should consider the following risk factors:

1. Market Risk

Any purchase of securities will involve an element of risk, As unit trust funds principally invest in listed stocks they may be prone to changing market conditions as a result of global, regional or national economic conditions, governmental policies or political developments.

Market uncertainties and fluctuations in the market caused by these uncertainties will affect the net asset value(NAV) of unit trusts which may fall or rise, thus causing the income generated by the fund to fluctuate.

2. Liquidity Risk

The various securities that are purchased by a fund may encounter liquidity risk. Liquidity risk relates to the fund’s ability to quickly and easily trade at a reasonable price, in and out of positions.

Should a fund comprise a security that has become temporarily or permanently illiquid or difficult to sell, the fund manager may need to sell the security at a discount to its fair value, which eventually affects the fund’s value.

3. Management Risk

Performance of the fund depends on the experience, expertise, knowledge and investment techniques of the fund manager. Poor management of a fund can cause considerable losses to the fund, which in turn may affect the capital invested.

4. Inflation Risk

Ideally the purpose of any investment is to secure returns that are greater that the inflation rate. While a fund will constantly seek to maximize returns and exceed inflation rate, it may occasionally experience losses, which result in returns that will not keep pace with inflation in the short run.

5. Interest Risk

Fixed income securities and bonds are particularly sensitive to movements in interest rates. When interest rates rise, the value of fixed income securities and bonds fall and vice versa, thus affecting the NAV of the fund.

The general interest rate of the country may affect the value of the investment even if the fund(e.g Syariah Fund) does not invest in interest bearing instruments

Unit Trust-Gettting Started

There are four major ways to start investing in unit trusts:

(1) Lump Sum Purchases

This is where an investor has a lump sum to invest into a unit trust. This may be the only investment the investor wishes to make. Over a period of time (3-20 years), the initial investment will increase as distribution and other income is earned by the fund.

When redemption or sale of the units take place, the unit-selling price will reflect the accumulation and compounding of capital over the relevant periods. It is this compounding effect over time which makes accumulation type investments, such as unit trusts, so attractive to the investor.

For example, someone who has recently inherited a sum of money may wish to invest the funds into a unit trust and hold it for an extended period to save for some specific purpose. e.g. children's education.

At the end of the holding period, the proceeds of the sale of the units will be the initial investment plus the returns on that amount, accumulated over the period.

(2) Regular Savings

Some people invest in unit trusts by making regular (e.g. monthly) contributions to their fund. This is an ideal, disciplined and useful way to accumulate capital for a future need.

By making regular contributions over a period of time, the sum accumulated at the end of the period will increase. This is commonly known as dollar cost averaging.

At the end of the period, the redemption (or sale) price of the units held will represent the accumulation of all contributions, plus returns generated from the total contributions since the first purchase was made.

The effect is more noticeable the longer the holding and contribution period. This form of savings is the basis of most pension fund accumulation e.g. the Employees Provident Fund.

(3) Investing With EPF Savings

In addition to investing in unit trust by cash or through a regular savings plan, you can also invest using EPF Members’ Investment Scheme.

(4) Borrowing

Although an investor may obtain a loan from a financial institution for the purpose of investing in unit trust funds, investors should seek appropriate advice as there are additional risks involved when using borrowings to finance an investment in unit trust funds.

Unit Trust Fund Performance Rankings

Unit trust fund rankings, ratings or other evaluations of fund performance can provide an important way for you to compare your fund's past performance with other funds.

Unfortunately, investors often interpret these rankings as recommendations, or even as projections for future performance, which they clearly are not.

Your best protection is being an informed investor. Request prospectus from the funds you are considering and read them carefully to understand their goals, risk factors, performance record and procedures for buying and selling shares.

Professional ranking services, financial magazines and investment newsletters are the most common sources for this information, but there are others and not all present the same information or use the same criteria for evaluating funds.

As an investor, you should be aware of how these reports differ and how this information can be used by you in making sound investment choices.

Rankings or ratings provide another piece of important information that can be used in the selection of fund investments, but they should not be used as the only basis for your decisions. You still need to do your homework on the funds you are considering.

Identify your goals and evaluate a fund's ability to meet your goals within your investment timeframe and at the level of risk you are able to accept.

All performance rankings and ratings show how a fund has performed in the past and is no guarantee that it will continue to do so. Rankings are a good barometer, however, for determining if a fund has been well-managed over the years, or if it has consistently performed in a particular manner.

Historical Results

It is important to keep in mind that performance is based on historical results and is not intended to project future performance of a fund. Ensure that the fund's objectives as well as the manager's investment style and strategy are aligned with yours.

While yesterday's data is no guarantee of future performance, the long-term track record is a useful barometer of the manager's skill and expertise in managing different market cycles.

When comparing funds, it is best to focus on long-term performance because financial markets (and the economy) tend to go through cycles that can last for several years. For instance, small-company stocks (and funds) will at times outperform large-company stocks (and funds).

At other times, the large-company stocks/funds will be the star performers. A common mistake investors make is to constantly "chase" the best-performing funds from the recent past. Unfortunately, last year's "hot" sector of the financial market may be replaced this year by a different sector.

As historical data is never perfect, the additional information paves the way for investors to make more informed investment decisions. They should also remember that a top or winning fund may not necessarily be the most suitable fund for them.

If you are comparing the performance of several funds, be sure that you are making accurate comparisons: compare fund with the same investment objectives and fund policies before looking at the numbers.

The value of investment may fall as well as rise and investors may/may not get back the amount originally invested. Changes in the currency exchange rates may cause the value of the investment to increase or diminish if you are investing in an offshore fund.

Measuring Fund Performance

A unit trust fund's performance can be measured by its total return. A fund's total return is the change in the value of an investment in the fund, taking into account any change in the fund's unit price during the period and assuming the reinvestment of income and capital gains distributions.

Total return is commonly presented in two ways. One is called the fund's cumulative total return, or total rise in the value of a fund's investments over time, assuming that income and capital gains distributions were reinvested.

The other is called average total return, which is the compounded total return, it would take each year to produce the fund's cumulative total return. Seemingly modest annual returns can be converted, through the power of compounding, into impressive cumulative returns. For example, an average annual total return of 7% would, after ten years, amount to a cumulative total return of 97%.

When evaluating fund performance, a good approach is to compare its total return with the returns of similar funds or with the return of an appropriate market index or benchmark over the same time period.

A stock fund should be compared with other similar stock funds - ones that invest in the same type of companies. A bond fund should be compared with bond funds that invest in bonds of similar maturities and credit quality (rating). You can usually find the name of the appropriate market index or benchmark on a fund's prospectus or manager's (annual and semi-annual) report.

Chemexcil India Mahu Jalin Hubungan Niaga dengan Syarikat ASEAN

KUALA LUMPUR 19 Feb. - Satu delegasi peringkat tinggi 21 orang dari industri kimia dan produk berasaskan kimia India berhasrat untuk menjalin perniagaan dan hubungan dengan syarikat ASEAN, termasuk dari Malaysia, yang bertujuan mengembangkan pasaran mereka di rantau ini.

Sebagai sebahagian inisiatif itu, mereka kini berada di Malaysia untuk menemui pembeli berpotensi dan menerima hubungan dan kerjasama, kata Pesuruhjaya Tinggi India ke Malaysia, Ashok K. Kantha.

Objektif lawatan dan pertemuan mereka dengan pihak berminat di Malaysia ialah untuk berinteraksi dengan rakan Malaysia yang berpotensi serta untuk meneroka kemungkinan mengadakan hubungan usaha sama dan pemasaran, katanya pada majlis perasmian Pertemuan Pembeli dan Penjual Chemexcil di sini hari ini.

Chemexcil ialah Majlis Mempromosi Eksport Kimia Asas, Farmasiutikal dan Kosmetik yang dibentuk oleh Kementerian Perdagangan dan Industri India pada 1963.

Ia kini mempunyai 3,500 keahlian yang terdiri daripada pengeksport kimia.
India berkeyakinan mengenai prospek pasaran Malaysia walau pun berhadapan dengan kemelesetan ekonomi global sekarang ini, katanya.

Sementara itu, Penolong Pengarah Chemexcil, SG Bharudin berkata, mereka sangat berminat untuk memudahkan dan menyokong usaha sama memandangkan perubahan senario global di mana usaha sama merupakan alat utama memudahkan perdagangan.

Katanya, wujud peluang bagi mempertingkatkan perdagangan dua hala dengan negara anggota ASEAN. Malaysia merupakan perhentian terakhir delegasi Chemexcil yang telah melawat Indonesia, Filipina dan Vietnam. - BERNAMA

PCI Gold DiLancarkan

KUALA LUMPUR 19 Feb. – Standard Chartered Bank Malaysia Bhd. (StanChart) dijangka menguasai 15 peratus pasaran pelaburan mata wang Malaysia menjelang akhir tahun ini.

Pengurus Besar Perbankan Premiumnya, Ronnie Lim berkata, sasaran itu dibuat ekoran pelancaran produk Premium Mata Wang Pelaburan Emas (PCI Gold) yang pertama seumpamanya diperkenalkan di negara ini.

‘‘Pelaburan mata wang yang melibatkan dwi pelaburan itu membabitkan mata wang dolar Amerika Syarikat dan emas.

‘‘Para pelabur berpeluang mendapat manfaat sehingga 25 peratus hasil setahun berdasarkan kadar pertukaran telah ditetapkan oleh pelabur,’’ katanya.

Beliau berkata demikian pada sidang akhbar selepas Majlis Pelancaran Produk Pelaburan PCI Gold di sini hari ini.

Produk tersebut ditawarkan oleh Pengurusan Harta StanChart dengan memberi pelabur pilihan pelaburan jangka pendek menerusi strategi hasil yang tinggi serta portfolio yang pelbagai.

‘‘Produk ini menawarkan tempoh pelaburan daripada seminggu, dua minggu dan sebulan dengan pelaburan minimum sebanyak RM250,000,’’ jelasnya.

Sementara itu, Ketua Pengurusan Harta StanChart, Choong Wai Hong berkata, pelabur memerlukan pelaburan mata wang yang dapat memberikan pulangan yang tinggi.

‘‘Emas merupakan sesuatu pelaburan yang bijak kerana mempunyai nilai kekal terutama dalam keadaan ekonomi tidak menentu dan juga digunakan sebagai lindung nilai kepada turun naik mata wang serta tekanan inflasi.

‘‘Pada akhir tahun ini harga emas dijangka berada pada paras AS$1,050 (RM3,832.50) satu auns berbanding AS$970 (RM3,540.50) pada Februari tahun ini. Oleh itu, pelabur perlu memilih emas sebagai salah satu portfolio pelaburan mereka,’’ katanya.

Selain itu, produk pelaburan itu akan diperkenalkan dalam mata wang Ringgit tidak lama lagi sekiranya mendapat sambutan yang baik, jelasnya.

Ketika ditanya sama ada StanChart akan menawarkan produk itu ke negara lain di rantau ini, Wai Hong berkata, mereka mempunyai rancangan untuk mengembangkan produk ini ke negara lain.

Tambahnya, produk yang sama dilancarkan di Singapura tahun lepas, dengan dalam tempoh tiga bulan pertama mendapat sambutan menggalakkan.

EONCAP Islamik Sasar Pinjaman Tumbuh 8%

KUALA LUMPUR 19 Feb. - EONCAP Islamic Bank menjangka pertumbuhan pinjaman sebanyak lapan peratus pada tahun ini walaupun berdepan dengan kelembapan ekonomi dunia.
Pengarah Eksekutif dan Ketua Pegawai Eksekutifnya, Fozia Amanulla berkata, jangkaan itu berdasarkan aspek-aspek positif meskipun ekonomi lebih mencabar pada tahun ini.

''Bagaimanapun jangkaan itu bergantung kepada keputusan kewangan suku pertama kami," katanya pada majlis pelancaran Skim Pembiayaan Peribadi Gratuiti dan Skim Pembiayaan Peribadi Pesara Kerajaan, di sini hari ini.

Majlis tersebut disempurnakan Menteri Kewangan Kedua, Tan Sri Nor Mohamed Yakcop.
EONCAP merupakan anak syarikat milik penuh EON Bank Bhd.
Mengenai skim itu, beliau berkata, pihaknya yakin dapat mengagihkan kira-kira RM150 juta pinjaman menerusi dua skim pelan pembiayaan baru itu dalam tempoh 10 bulan.

''Jangkaan itu adalah angka konservatif memandangkan kelembapan ekonomi dunia manakala permohonan juga akan mengambil masa yang lebih lama untuk diproses.

''Bagaimanapun, kami masih yakin dapat mengatasi jumlah RM150 juta sekali gus meningkatkan pelanggan asas kepada lapan peratus daripada tiga peratus sekarang," katanya.
Beliau berkata, kedua-dua skim tersebut ditawarkan kepada kakitangan kerajaan Malaysia, pesara kerajaan dan kakitangan perkhidmatan awam yang bakal bersara.

''Perkhidmatan pembiayaan ini memberi peluang kepada mereka untuk merancang pelan persaraan dengan lebih awal dan bagi memenuhi keperluan aliran tunai mereka," katanya.
Skim Pembiayaan Peribadi Gratuiti membolehkan kakitangan kerajaan yang bakal bersara dalam tempoh empat tahun atau kurang, memohon untuk pembiayaan daripada RM10,000 hingga RM100,000 dengan pembayaran balik dilakukan setelah bersara.

Tempoh pembayaran balik antara sembilan hingga 51 bulan dengan kadar purata keuntungan tahunan sebanyak tujuh peratus.

Sementara itu, Skim Pembiayaan Peribadi Pesara Kerajaan pula menawarkan pesara yang berkelayakan untuk memohon pembiayaan dari RM5,000 hingga RM100,000 dengan tempoh pembayaran balik antara tiga hingga 15 tahun (atau pada umur 70 tahun yang mana lebih awal).
Skim itu juga menggabungkan perlindungan insurans Takaful dengan memberikan subsidi premium.

Kedua-dua skim pembiayaan baru itu boleh didapati di mana-mana lima cawangan EONCAP Islamic dan semua cawangan EON Bank di seluruh negara.
Tambahnya, EONCAP Islamic juga merancang untuk memperkenalkan dua produk lagi tahun ini tetapi enggan mengulas lanjut tentang produk itu.

Mengulas mengenai nisbah pinjaman tidak berbayar (NPL), katanya, kadar NPL bersih bagi segmen produk pengguna kurang daripada tiga peratus.

Pakej Kedua Lebih Komprehensif

NOR Mohamed Yakcop menurunkan tanda tangan pada plak di majlis pelancaran Skim Pembiayaan Peribadi Gratuiti dan Skim Pembiayaan Peribadi Pesara Kerajaan EONCAP Islamic Bank, di Kuala Lumpur, semalam.

KUALA LUMPUR 19 Feb. – Kerajaan memberi jaminan pakej rangsangan ekonomi kedua yang akan dibentangkan dalam bajet mini adalah lebih komprehensif dan menyeluruh.

Menteri Kewangan Kedua, Tan Sri Nor Mohamed Yakcop berkata, bajet mini itu bakal menangani isu semasa dengan memberi bantuan kepada pihak yang memerlukannya dalam keadaan yang mendesak ini.

Bagaimanapun, beliau enggan mengulas lanjut butir-butir terperinci bajet mini sehingga ia dibentangkan dalam tempoh antara dua hingga tiga minggu lagi oleh Timbalan Perdana Menteri, Datuk Seri Najib Tun Razak.

‘‘Yang pasti, semua sektor yang tenat ekoran kelembapan ekonomi akan diberi penekanan dan keutamaan seperti yang diumumkan oleh Timbalan Perdana Menteri sebelum ini,” katanya.

Beliau berkata demikian kepada pemberita pada majlis pelancaran Skim Pembiayaan Peribadi Gratuiti dan Skim Pembiayaan Peribadi Pesara Kerajaan EONCAP Islamic Bank, di sini hari ini.
Menurut Nor Mohamed, kerajaan sentiasa peka dan bersedia memastikan negara mampu berdepan dengan keadaan ekonomi yang mencabar.

Ditanya sama ada kerajaan menghadapi masalah menyuntik pakej rangsangan kedua, beliau memberitahu, kerajaan tidak ada masalah mencari sumber bagi menyediakannya.
Mengenai sama ada kecairan dalam sistem perbankan merupakan satu ancaman berikutan penurunan kadar faedah baru-baru ini, beliau berkata, pemulihan ekonomi tidak hanya bergantung hanya kepada dasar kewangan.

‘‘Matlamat utama sekarang ialah memastikan bank masih memberi pinjaman dan mengekalkan pengambilan pekerja pada tahap yang tinggi,” ujarnya.

Terdahulu ketika berucap pada majlis itu, beliau berkata, Bank Negara Malaysia akan menerbitkan Bon Simpanan Merdeka berjumlah sehingga RM1 bilion pada 18 Mac ini.
Katanya, bon itu adalah terbitan pertama daripada dua siri dengan tempoh matang selama tiga tahun.

‘‘Bon Simpanan Merdeka, adalah simpanan tambahan kepada rakyat Malaysia yang berusia 56 tahun dan ke atas yang menawarkan peluang pinjaman jangka panjang yang lebih stabil,” jelasnya.

Saham berwajaran tinggi kukuh

HARGA saham di Bursa Malaysia ditutup bercampur-campur semalam, di tengah-tengah minat konsisten untuk saham berkaitan indeks berikutan kerugian selama tiga hari berturut-turut.

Keuntungan pada saham berwajaran tinggi utama membantu meningkatkan penanda aras Indeks Komposit Kuala Lumpur (KLCI) kepada 899.59, naik 4.36 mata selepas dibuka 1.15 mata lebih tinggi pada 896.38 pagi semalam. Sepanjang sesi urus niaga, KLCI bergerak antara 900.84 dan 895.51.

Saham perladangan adalah antara yang paling dijual untuk empat hari urus niaga yang lalu ekoran kebimbangan akan berlakunya penurunan seterusnya dalam harga minyak sawit mentah dan ini boleh menjejaskan pendapatan.

Penanda aras niaga hadapan minyak sawit mentah Malaysia untuk kontrak Mei kini berada di bawah paras RM1,900 satu tan. Indeks Perladangan susut 34.90 mata kepada 4,392.13 sementara Indeks Perindustrian menokok 7.30 mata kepada 2,113.15 dan Indeks Kewangan pula 41.41 mata lebih tinggi pada 7,132.46.

Indeks FBMEmas mengukuh 27.47 mata kepada 5,896.54, Indeks FBM30 menambah 39.78 mata kepada 5,823.53 sementara FBMMesdaq turun 76.43 mata kepada 3,199.92 dan FBM2BRD menokok 6.55 mata kepada 4,001.99.

Saham rugi mengatasi saham untung dengan 251 berbalas 211 sementara 203 kaunter tidak berubah, 607 masih tidak diniagakan dan 32 yang lain digantung. Jumlah dagangan semalam adalah 334.989 juta saham bernilai RM595.489 juta, meningkat daripada 303.596 juta saham bernilai RM491.432 juta kelmarin.

Menurut peniaga, prestasi pasaran semalam agak kukuh berikutan meningkatnya keyakinan terhadap pemulihan ekonomi global dengan Amerika Syarikat mula mengagihkan pakej rangsangannya.

Langkah paling terbaru adalah pakej AS$275 bilion (RM1.003 trilion) untuk merangsangkan pasaran perumahan memandangkan data baru-baru ini sudah menunjukkan ia mula men-cecah rekod rendah.

Jumlah dagangan di Papan Utama meningkat kepada 295.281 juta saham bernilai RM587.371 juta daripada 260.231 juta saham bernilai RM482.849 juta kelmarin. Jumlah dagangan di Papan Kedua mengukuh kepada 17.286 juta saham bernilai RM5.087 juta daripada 16.519 juta saham bernilai RM4.268 juta sebelumnya.

Jumlah dagangan di Pasaran Mesdaq lebih tinggi kepada 15.042 juta saham bernilai RM2.384 juta daripada 11.485 juta saham bernilai RM2.803 juta sebelumnya. Waran merosot kepada 7.035 juta bernilai RM506,555 berbanding penutup semalam iaitu 14.637 juta bernilai RM1.346 juta.

Compugates adalah saham yang paling aktif diniagakan. Ia kekal pada harga semalaman 16.5 sen dengan 21.286 juta saham diniagakan, diikuti dengan KNM yang tidak berubah pada 42 sen dan MRCB naik setengah sen kepada 90 sen.

Saham berwajaran tinggi utama, Sime Darby menokok lima sen kepada RM5.65 sementara Tenaga Nasional dan Maybank, masing-masing mengukuh 10 sen kepada RM6.30 dan RM5.60. Berdasarkan sektor, produk pengguna menguasai 13.545 juta saham yang diniagakan di Papan Utama, produk perindustrian 40.079 juta, pembinaan 38.983 juta, urus niaga/perkhidmatan 106.153 juta, teknologi 3.991 juta, infrastruktur 9.552 juta, kewangan 26.149 juta, perhotelan 8.367 juta, hartanah 31.949 juta, perladangan 14.687 juta, perlombongan sifar, REIT 1.746 juta dan dana tertutup 76,500. - Bernama

February 19, 2009

SC perkenal Garis Panduan Dana Borong

SURUHANJAYA Sekuriti (SC) semalam memperkenalkan Garis Panduan Dana Borong yang memberikan lebih keanjalan kepada pengurus dana berlesen untuk menyediakan produk inovatif, termasuk yang berkaitan strategi pelaburan alternatif.

SC berkata, garis panduan baru itu menggantikan Garis Panduan Skim Pelaburan Terhad dan peruntukan dana borong dalam Garis Panduan Dana Unit Amanah (Garis panduan UTF). Dengan pengenalan garis panduan baru itu, pengurus dana kini hanya perlu merujuk kepada satu set garis panduan bagi produk borong, manakala syarikat pengurusan unit amanah pula perlu merujuk kepada Garis panduan UTF bagi produk runcit.

"Garis Panduan Dana Borong dibangunkan untuk membolehkan pengurus dana memenuhi keperluan rumit pelabur profesional yang lebih canggih, seperti pelabur nilai bersih tinggi dan institusi.

"Berikutan dana borong hanya boleh ditawarkan kepada pelabur layak dan bukan orang awam, Garis Panduan Dana Borong tidak menyatakan sebarang keperluan kuantitatif atau sekatan ke atas pelaburan," katanya dalam kenyataan semalam.

SC berkata, sebagai tambahan keanjalan baru diperkenalkan dalam Garis Panduan Dana Borong, termasuk melegakan sekatan leveraj; mengembangkan senarai pelabur layak; memansuhkan had pelabur; dan melonggarkan keperluan pentadbiran.

Bagi memastikan kepentingan pelabur terpelihara, peruntukan terhadap pendedahan dalam memorandum maklumat dan laporan kepada pelabur dipertingkatkan.

Tinjauan pasaran: Harga ditutup bercampur-campur

Permintaan global yang lemah menjejaskan harga saham sektor perladanganHARGA saham di Bursa Malaysia ditutup bercampur-campur semalam dengan kerugian pada sesi pagi sebahagiannya pulih, dirangsang oleh minat diperbaharui untuk saham berwajaran tinggi utama seperti Tenaga Nasional dan Maybank.

Penanda aras Indeks Komposit Kuala Lumpur (KLCI) mengakhiri hari urus niaga pada 895.23, turun 3.30 mata selepas dibuka 5.76 mata lebih rendah pada 892.77 pagi semalam.

KLCI bergerak antara 891.12 dan 896.28 sepanjang sesi. Bagaimanapun, peniaga berkata saham perladangan paling terjejas ekoran kebimbangan terhadap permintaan global lemah, sekali gus menolak Indeks Perladangan kepada 4,427.03, menyaksikan kerugian 2.57 peratus atau 116.79 mata. Indeks Perindustrian susut 10.76 mata kepada 2,105.85, dan Indeks Kewangan turun 0.24 mata asas kepada 7,091.05.

Indeks FBMEmas berkurangan 19.90 mata kepada 5,869.07, Indeks FBM30 merosot 17.65 mata kepada 5,783.75 dan FBMMesdaq lega 8.73 mata kepada 3,276.35 tetapi FBM2BRD mengukuh 3.40 mata kepada 3,995.44. Indeks FBM (FTSE Bursa Malaysia) kini sudah boleh diperoleh selepas berlakunya gangguan sistem penyebaran harga untuk dua hari urus niaga.

Saham rugi mengatasi untung dengan 236 berbanding 199 sementara 207 kaunter tidak berubah, 630 tidak diniagakan dan 35 yang lain digantung. Dalam urus niaga yang sederhana semalam, jumlah dagangan ialah 303.596 juta saham bernilai RM491.432 juta, susut daripada 354.749 juta saham bernilai RM500.331 juta kelmarin.

Jumlah dagangan di Papan Utama lega kepada 260.231 juta saham bernilai RM482.849 juta daripada 285.487 juta saham bernilai RM483.864 juta. Jumlah dagangan di Papan Kedua berkurangan kepada 16.519 juta saham bernilai RM4.268 juta daripada 31.432 juta saham bernilai RM10.655 juta sebelumnya.

Jumlah dagangan di Pasaran Mesdaq pula turun kepada 11.485 juta saham bernilai RM2.803 juta daripada 16.593 juta saham bernilai RM3.521 juta. Waran susut kepada 14.637 juta bernilai RM1.346 juta berbanding penutup iaitu 19.069 juta bernilai RM1.462 juta.

Peneraju pasaran KNM Group kekal pada 42 sen, kaunter berasaskan perladangan IOI Corp turun lapan sen kepada RM3.72 sementara Progressive Impact Corp tidak berubah pada 45.5 sen. Saham berwajaran berat utama Sime Darby kerugian lima sen kepada RM5.60 sementara Tenaga Nasional dan Maybank, masing-masing menambah 10 sen kepada RM6.20 dan RM5.50.

Berdasarkan sektor, produk pengguna menguasai 7.313 juta saham yang diniagakan di Papan Utama, produk perindustrian 48.004 juta, pembinaan 33.399 juta, dagangan/perkhidmatan 83.962 juta, teknologi 5.653 juta, infrastruktur 9.238 juta, kewangan 21.980 juta, perhotelan 10.034 juta, hartanah 20.375 juta, perladangan 18.989 juta, perlombongan sifar, REITs1.270 juta dan dana tertutup 8,700. – Bernama

'Manfaatkan peruntukan kerajaan'

LEBIH banyak inisiatif sektor swasta diperlukan bagi menangani pemberhentian dan mewujudkan peluang pekerjaan dalam kelembapan ekonomi semasa, kata ahli ekonomi dan pemerhati industri.

Ketua Ekonomi RAM Holdings Bhd, Yeah Kim Leng, berkata sektor swasta perlu memainkan peranan penting dalam menangani kesan negatif kelembapan ekonomi ke atas pekerjaan di negara ini.

"Sektor swasta memainkan peranan penting sebagai pemacu menangani peningkatan pengangguran dan menggunakan sepenuhnya peruntukan kerajaan untuk mengekang pemberhentian pekerja.

"Sektor swasta wajar menggunakan dana untuk membantu mewujudkan pekerjaan baru," katanya. Kerajaan memperuntukkan RM200 juta untuk melatih semula pekerja ketika berlaku peningkatan bilangan yang diberhentikan, terutama dalam sektor eksport seperti elektrik dan elektronik dan industri pembuatan.

Yeah menambah, majikan wajar merangka perancangan jangka panjang dan tidak bingung akibat kelembapan ekonomi semasa

Masih ada industri yang mempunyai keupayaan untuk berkembang dan mewujudkan pekerjaan baru. Ahli ekonomi lain berkata, tanggapan kerajaan perlu memainkan peranan sebagai pemacu utama merangsang permintaan domestik dan membantu menghidupkan ekonomi, perlu dikaji semula.

Mengenai inisiatif sektor swasta kumpulan SKALI yang mengumumkan perancangannya untuk mewujudkan 1,000 peluang pekerjaan untuk graduan, Yeah berkata usaha syarikat teknologi komunikasi dan maklumat (ICT) itu disambut baik. – Bernama

February 18, 2009

Hentikan Menguruskan Hidup Dengan Kad Kredit

Jika kita masih menguruskan kehidupan dengan mengunakan kad kredit, sudah tiba masanya kita menukarkan kepada kad debit, di mana kita hanya belanja berdasarkan duit yang kita ada. Menguruskan hidup dengan mengunakan instrumen kad kredit tidak membawa kebaikan bukan sahaja di dunia tetapi juga di taman barzakh.

Majoriti kad kredit yang ada di pasaran yang sedang digunakan adalah hidup di atas dasar riba yang menjadikan ramai manusia ingkar kepada perintah Allah.
Kad kredit juga mengalakkan kita berbelanja mengunakan duit yang kita belum miliki.

Fikiran kita menjadi sentiasa tenang, gembira dan dalam keadaan bersyukur setiap kali kita mengunakan kad debit. Fikiran kita tidak bercelaru dan apabila membayar di kaunter juga kita tidak segan, kerana kita membayar tunai mengunakan duit sendiri.

Apabila kita membiarkan kad kredit mengurus hidup kita, mengikut kajian dari 100 pemilik kad kredit, 98 orang akan menjadi hamba kepada hutang.Hanya dua orang sahaja yang bebas dari menjadi hamba kepada hutang. Adakah kita termasuk di dalam dua orang yang selamat?

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About Me

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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