11Nov General Motors headed for bankruptcy?
I read with surpise that the General Motors (GM) in the US is in such bad shape that some analysts have forecasted that its share price will drop to zero. Analysts also think that it is headed towards bankruptcy or stay in a bankruptcy-like future.
GM is now in an urgent state to get financial aid from [...]
07Nov Oil price hits US$60 and automatic reduction in EPF contribution
The world oil price has been quite a yo-yo of late. As of this morning, it was reported that oil price is now at US$60.77, an all time low since March 2007. Markets around the world are also falling. Our KLSE is no different, as a quick check on the top counters today revealed most [...]
31Oct More reduction to fuel price
It’s good news coming on Halloween’s Day that our local fuel price will be further brought down by 15 cents, taking effect as early as tomorrow, 1 November 2008. It is also said that the price of fuel is also expected to be reduced further come 15 November 2008 but nothing is quite firm on [...]
27Oct Top 30 Malaysian tycoons lost RM75 billion
In the wake of the global financial crisis, many people have made paper losses through their shareholdings. Some, like me, may have ventured into the market a bit too early during the fall and now are stuck with even lower-priced stocks. But we are not alone, for our Malaysian tycoons have also suffered - paper [...]
