Online Trading or Remisier Phone Trading ?

Nowadays, with the convenience of readily internet facility. People's tend to buy shares online rather than the traditional methods by buying through remisiers.

Basically, online trading which means you buy and selling the shares yourself through the brokers companies or investment banks provided website. Comparatively, online trading brokerage are cheaper and lower than going through remisiers. The minimum brokerage charges for online trading is RM12 while remisiers minimum brokerage charges was RM40. It's almost 4 times. 

Ok. Lets see how its works:

Standard Trading Cost:

Malaysia Car Loan Interest Rates Increased

The car loan interest rates in Malaysia had been increased following the recent increase in the Bank Negara Overnight Policy Rate (OPR) a.k.a Malaysia interest rates bench mark. 

Interest rates on new non-national car loans has increased by an average of 0.25 percentage point while rates for new national car loans saw a hike of about 0.10 percentage point.

EON Bank Bhd said the bank’s revised interest rates for new non-national cars were 3.5% (5-year tenure), 3.75% (7-year) and 3.85% (9-year). Meanwhile, rates for new national cars now stood at 3.85% (5-year tenure), 4%

Neway Karaoke Box Bombarded In Penang

Seems that Neway Karaoke Box, the leading Karaoke/singing entertainment outlet in Malaysia are facing problem in the Penang outlet. 

Recently, there was a Anti Penang Neway facebook page created and many people's Become Fans / Like the Page. It could be possible of Neway rival which cause the hatred, but if problems does not arise, is there a chance for the rivals doing so ?

Main Problems of Penangites complaints on Neway Penang:

Ringgit Malaysia (MYR) Recent Performance Up to May 2010

Source: Bank Negara Report

As we can the Malaysian Ringgit is getting stronger against almost mostly of the major foreign currencies especially the Euro , except the recent pick up in US Dollar and Japanese Yen as of May 2010. Thus, as the time goes, the Euro may surge back as the debt crisis is getting better. So, chances occur ?

Malaysia's Banks Performing and Unaffected by Eurozone Crisis

The recent heavy sell down on the Malaysia stock market and causing the FBM KLCI to tumbles in the past 2 weeks are already picking up. 

Firstly, the main cause is the Eurozone debt crisis which involve Greece, Spain and Portugal, but up to date the International Monetary Fund (IMF) and the European Union (EU) had already bailout them by providing loans. 

Secondly, it was the huge quarter losses of plantation conglomerate Sime Darby. Up to now, Sime Darby share price had already slump down 12% in 2 weeks. The CEO of Sime Darby had also been removed. 

Thirdly,  as we know if the manufacturing sector is suffering a meltdown in demand from Europe, then this will indirectly affect the banks lending prospects, and this was not the problem, as the manufacturing sector in Malaysia is on a pick up trend. Furthermore, Malaysian banks also have no exposure to any of Europe’s papers or business interest.

Although interest rate hikes totalling 75 basis points in 2010, but those bankers are still confident on the loan growth and will be stronger than previous year. If not the Bank Negara will not raise the interest rates. And the inflation are not in pressure.

Thus, Malaysia Banks are fundamentally good and performing and are not in a worrying trend.

Penang and Selangor Ban Sport Bettings Locally

Penang and Selangor state government had issued statement respectively that although the Federal Government (Barisan Nasional) had issued football betting licence to Ascot Sports Sdn Bhd, which  owned by Berjaya Group Vincent Tan, the state government, via local authorities has the power to stop it. Thus, no premises in the state will be allowed to operate such betting centre. 

The Pakatan Rakyat had earlier stated that the Pakatan Rakyat led states will not allowed those bettings as issuing such a licence would not eradicate illegal gambling but would aggravate social problems as the poor would gamble away their hard earned wages. 

A country if is too conservative and are not open their mind will definitely cannot cope and compete with the global world. Football betting is a trend. This will still going on even without the approval as it will still run by those illegals. Why not take the chance to let the government to make profits (tax) and regulate the rules. Rather than letting it getting worse and those illegal bookies making huge profit and their own ways. Even Singapore had such football betting in the 1990s before it finally approve the casino while Malaysia has it own casino in earlier. As WE ALL KNOW footballs betting can be done even at home (as long as u have a computer and internet connection, thats it). Come on. The bettings will still be running by those illegals even no approvals was given. Why not regulate it and collect taxes?

Subsidies in Malaysia Should be reduced gradually but not immediately and save Money on UNNECESSARY

Lets look at the subsidies the government are giving on commodities such as petrols, gasoline, sugar, flour and also healthcare and education. in 2009 , the government subsidies was staggering high at RM74billions. Even other oil producer nations does not subsidies so much for the people's. The Minister incharge was saying that the country will go bankrupt if the subsidies continues. Yes I do agree with it, it's a serious trouble we may faced in future. And the subsidies for petrol and foods should reduced gradually but not immediately but I think healthcare subsidies should maintained. Why ? Petrol not subsidised, people's still can take public transport, healthcare benefit not subsidised then let the rakyats self-dying if they are not affordable ? And government spending still can be further reduced on other ways such as stop non-benefit multi-project (u know i know), unnecessary expenditure, tender project to be more transparent (stop corruption), pay on the price it should be (Karipap RM0.40, pls dont pay RM4 , computer RM3000, dont pay RM15000), unnecessary investment (make own spaceship rather than sending astronaut to space to explore nothing by paying hundred millions). And don't forgot Petronas is still earning huge profit staggering and over hundreds billions. Hope this money reinvested and used the profit wisely. We can accept subsidies to be removed, we cannot accept taxpayers money simply be spend. The government can do it, we also can. When the public account release again for 2010, HOPE NO MORE RM3000 computer paid at RM15,000. Then it will be worthy to tied our stomach for better Malaysia. Mr Prime Minister (Datuk Najib), hope you can do it without disappointing the RAKYAT.