Showing posts from October, 2010

4 GREEN Ideas for Malaysia

Last weekend, I went up to Genting for relaxing and escape from the warm weather in KL. Wondering how could Malaysians live in such condition in the next decades, if the temperature going up consistently?
Amazingly, when I turn-on the television, a GREEN programme was on-screen. Instead of sleeping, I watched the whole documentary about some great ideas or innovations being researched by scientists in US. The programme highlighting 4 green ideas:
1. Green Insulator The insulator is made up with a special liquid gel, which could prevent heat transfer up to 350 degree Celsius. It can be applied in the glass (transparent) of any building, to bring the sun light in, without heating the interior. We can expect 20% energy saving from air-conditioner and lightnings.

2. Green Roof We heard of the this idea long time ago, where people planting on the roof.
- it could absorb heat from entering the building.
- it could release fresher air back to environment just like jungle did.
- it is definitely bet…

China's banking stocks... Your next destination?

While Malaysian market is hovering around 1,500 points, a ground survey shows that local investors are skeptical about the sustainability of our market. Bursa Malaysia's website shows that local retail participation is merely at 25% daily.

Maybe, we could look aboard to find some other investing options. And, China's banking stocks could suit investors appetite for the following reasons:- China was an under-performer this yearChina's banks should report better profitsRobust loan demand
Due to the higher interest rate being announced recently, banks of China should experienced expansion of net interest margin for the next few quarters. Although loan growth is moderating now, it was still high, and will continue as long as China's economy is growing. We can't deny that China is the world's engine of growth currently, in which we persist for the next few years, at least.
Will China raise rate again?
Depending how fast and big the housing bubble was, China would continu…

The Preview of YTL Comms vs Astro

A lot of fighting happening on the business scene nowadays, with Proton-Fernandes and AirAsia-Tiger this year. In 2011, there will be a heat battle between YTL Comms and Astro, taking on the local broadcasting field by storm.
Proton vs Fernandes
AirAsia vs Tiger Airways
Business Times reported that YTL Communications Sdn Bhd planning to launch a hybrid TV by end of 2011, with many industry observers wondered how it is going to break the exclusive screening rights that satellite TV giant Astro holds with various TV content providers.
"If you think you can do a monopolistic thing and control everything, I'm sorry, that era is gone. The game is over" said Tan Sri Dr Francis Yeoh, managing director of YTL Corp Bhd and executive chairman of its telecommunications arm, YTL Comms.
YTL Comms is going to collaborate with US-based Sezmi Corporation to deploy hybrid TV services in Malaysia and Asia Pacific, which will combine digital TV broadcast technology with YTL's fourth-genera…

New Listing: Malaysia Marine and Heavy Engineering (MMHE)

MMHE is a wholly-owned subsidiary of MISC, which is 65% owned by Petronas. It has two main divisions namely engineering and construction (E&C), and marine conversion and marine repair. Its two fabrication yards were in Pasir Gudang (Johor) and Kiyanly (Turkmenistan).

Being one of the 7licensed offshore fabricators in Malaysia, MMHE tops both in terms of annual tonnage capacity and market share, mainly because backed by Petronas. Other fabricators were Sime Darby, Kencana, Boustead Heavy Industries, Brooke Dockyard, Ramunia and Oilfab.

Meanwhile, its marine conversion business could expect more demand on its floating production system, driven by increased developments in deepwater oil and gas fields. In comparison, installation of fixed structures is not economical in water depths over 300m, thus, giving floating production an advantage.

Key investment points: Almost guaranteed jobs from Petronas. International opportunities and technical know-how enhanced by strategic tie-up. Exposure t…

Sick of TM's monopoly status...

In frustration and disappointment, I wrote this post about the connectivity problem of our beloved Malaysia. I am writing this at a cafe, where I have to bare all the petrol and beverages costs in order to arrived. Without further ado, I opened my laptop while waiting for my hot white coffee, to express what's the feeling inside me.

Deep down in me, I want to channel a very clear message to TM and Government that Rakyat like us are very very very frustrated with the Internet service provided by TM. I am bringing up the feeling of Malaysians as a whole that Streamyx is nowhere to transform our nation to high-income nation.
Please do not blame me first. Let me explain my point of view as below:
Dear TM: - The Internet connection at my area (at least) was always down, even though I had highlighted to them a few times. Please note that I am just "highlighting" to TM. But, these seems not working without "complaining".
Dear Government: - First we have to ask ourselves why…

Special Credit Cards for Hospital? Worth it?

Before checking into a hospital, make sure that you bring your favorite hospital linked credit card next time. Due to stiff competition in credit card industry, special cards which linked to hospital services became a "think out of the box" thing here. Below highlights some of the features for such credit card: 2% cash rebate on all expenses at the hospitals 20% savings on all hospitals' suites 10% savings on all hospitals' charges during admission (excluding doctors' fees) Fortunately, I had never stay in a hospital before. And due to this, I never experienced the service provided by a particular hospital.

Do we really need such a card?

For me, I will use credit cards to shop, if credit cards can gave me discount /  rebate. Going for shopping can be anytime anywhere as long as I like it. However, going to hospital was not a leisure event, which I do not like to do, and I believe you feel the same. Instead, we should buy a Medical Card for hospitalization.
I think this…

The Deficit Commission Offers Little

The President's "Deficit Commission" is composed of members of both political parties, who are expected to make recommendations to deal with the burgeoning national debt. Fat chance! The entitlements are off the table.

Instead, the commission is exploring various ways to raise tax revenues through the mantra of "tax reform." No effort is being made to curb spending, other than military spending. This is a complete waste of time and taxpayer money.

Without a plan to phase out the entitlements, medicare, medicaid and social security, there is no hope of dealing with America's long term public indebtedness.

The Commission reports its findings on December first. At that point there will be an effort, no doubt, to ram through the commission's so-called bi-partisan suggestions that all amount to higher taxes and a weakened military. Even that won't help.

What Malaysians really want from Telcos?

Recently, a little bit of whirlwind is happening in the local telecommunication industry, when Malaysian Communications and Multimedia Commission (MCMC) awarding the 2.6GHz spectrum to mobile telcos.
Why battling for the spectrum? Without spectrum, mobile telcos will not be able to expand their digital business. That's why many quarters are lobbying hard for the precious spectrum allocations. The latest one is the 2.6GHz spectrum.
Who is the winner? Surprisingly, all the 8 existing wireless players and 1 newcomer (see picture below) get 20Mhz block each. The only newcomer is a company linked to tycoon Tan Sri Syed Mokhtar Albukhary.

Controversial part... Unlike practices did by other global governments, there is NO tendering process being called. No tender, No contest, No transparent, No competition. In the end, No benefit to rakyat.
All these years, Rakyat has been suffering from high telephone bills comparing to other nations. Furthermore, the service and coverage is not up to internat…

5 rules of thumb on M-REIT investing

Unlike other countries, Malaysia REIT (M-REIT) has its own characteristic. Therefore, one has to master the following 5 basic rules before investing in M-REIT.
1. Management Good asset management team will stand out from the rest, in case, there is a property bubble. There is cycle in real-estate industry, where required REIT managers to examine and act accordingly. For those experienced managers, any slowdown in real estate industry provided them the opportunities to enhance the trust portfolio.
2. Comparing dividend yield The main purpose to invest in REIT is for its stable dividend yield. M-REIT is popular for its high dividend yield, which ranges from 7-9% currently. Of course, each REIT has its own figure due to different type of assets.
3. Choosing underlying assets There is commercial, industrial, hotel, hospital, shopping mall and plantation REIT in Malaysia. Example, if pandemic flu occurs, hotel and shopping mall based REIT tend to under-perform, while hospital REIT will remain re…

AirAsia vs Tiger Airways

"If Tigers were meant to fly, they would be born with wings"

What do you think? Congratulations, AirAsia won another award - "The Best Airline Advertisement" (if there is such an award)!!!
Interestingly, both airline has many similarities. Both are budget airline Both are headed by Tony (AirAsia's Tony Fernandes and Tiger Airways' Tony Davis)
Below is the full-story of the battle: Fernandes : "We're Asians, not a bunch of white guys running the airline" Davis        : "It was a racist remark" Fernandes : "It was a tiny carrier" Davis        : "Tiger aims to be among the top three global airlines" < Then, the famous advertisement popped up in Singapore newspaper > Davis        : "It's no wonder some of our competitors are getting so rattled"
Because of the interesting advertisements from AirAsia, DiGi, Maxis, Celcom... I like reading advertisements more than before. Hopefully, after the advertisement-war, p…

Where is the money for "Warisan Merdeka"?

One of the most controversial project announced in Budget 2011, Warisan Merdeka claim the top spot. Dubbed as Malaysia's tallest building with 100-storey tall, the 10 years project will kick-start next year. However, many quarters lamented the project as lavish, unnecessary, and would worsen the famous KL city traffic.
In respond to this, PNB's group chief executive Tan Sri Hamad Kama Piah hold a press conference to address the issue. Among the key phrases taken are:
"We are not taking government's money (for this project)" "PNB had thecapability to finance the project through internally generated funds" "PNB existing head quarter will be 30 years old when the project is completed"
Show me the $$$...
Yes, I believe PNB would not use government's money for this project. Anyway, what does it meant by internally generated funds? As we know, PNB managed a range of Amanah Funds in the country. 
Yes, I believe PNB would not use our Amanah Saham Funds&#…

The Daunting Task Ahead

Krugman and other Democratic loyalists are forever pointing out that the national debt was a much higher percentage of GDP at the end of World War II and therefore we should not be concerned about the high debt levels of the present day. These arguments are completely disingenuous.

During World War II, America mobilized a huge effort to produce guns, tanks, aircraft and other war-related goods. When the war ended, there was no longer a need for all of this spending and spending levels were dramatically reduced almost overnight. There were no "hard decisions" about reducing spending. The war was over.

Today, spending is driven by entitlement programs that large parts of the American public depend upon and expect to see continued. Spending, long run, can only be reduced by essentially eliminating these entitlement programs -- restraining them won't work for the same reasons that they have never been restrained.

Both federal and state spending is mostly driven by entitlem…

Why China raise interest rate? And, what's the effect?

Yesterday, China surprisingly raised its interest rate by 0.25% as follows: - 1 year lending rate from 5.31% to 5.56% - 1 year deposit rate from 2.25% to 2.50%
Why China raise interest rate? 1. To cool down the over-heating property sector. 2. Combat inflation 3. Low liquidity in the banking system
While inflation was hovering around 3.5% currently, even though the deposit rate has been raised, the net real interest rate is still in negative territory (3.5% - 2.5% = -1.0%). This is one of the main reason why Chinese were going all out to invests, especially in real-estate, due to its low yield if sitting in the bank (even lower than Malaysia).

However, China would be facing another problem...
Raising interest rate would attract capital inflows, which could dampen the purpose of containing inflation. Foreign investors view Chinese renmimbi as undervalue, mainly due to interventions by Chinese government. The latest news could ignite a fresh round of thoughts, worsening the current situation, p…

Budget 2011: Goodies for first-time house buyers

First Home Scheme was being introduced by the Government in Budget 2011 as below to encourage home ownership among Malaysians: Specially cater for first-time house buyers with monthly household income below RM3,000. 100% loan for houses priced below RM220,000.50% stamp duty exemptions on instruments of transfer on houses below RM350,000.50% stamp duty exemptions on loan agreement instruments on houses below RM350,000.To facilitate the 100% loan, Cagamas Bhd (national mortgage corporation) will provide guarantee on the 10% down-payment to eligible house buyers.

Signals sent-out by Government: 1. Enabling first-time buyers to afford their first home. 2. Developers should build more houses which is affordable for such categories.
Advise to first-time house buyers: 1. The securing of such a loan is still subject to how much the banker willing to lend you. 2. 100% loan means higher monthly repayment for borrower. 3. Always buy within your means, not because of such scheme.
How about the buzzing hig…

Budget 2011: Price of Mobile Phone to DROP?

Yahoooo!!! Budget 2011 announced that ordinary phones would be exempted from the 10% sales tax. Yes, we can expect that the prices of mobile phones to drop a little bit, although not much, especially for first time buyers.
Would iPhone and other smart-phone's prices drops? To be exact, the removal of sales tax is only meant for "ordinary phones", not smart-phones, as the latter already DO NOT have any sales tax. So sorry for those iPhone seekers out there.

For me, this will only benefiting those low income earners. Yet, I strongly agree with it. Instead, the 10% sales tax removal should first be on ordinary phones in the first place (anyway, now is not too late).
In today's era of connectivity and popular usage of social media (etc. Facebook, Twitter...), smart-phones and those with Internet applications, was the preferred choice for many of us. Thus, I do not view this announcement as a gift to many of us. What a disappointed happiness for me.

Post-Budget 2011 Interview with Finance Malaysia

* Please take note that this blog is for reading pleasure only, and NOT intended to offend any party.

Below are some questions posted to Finance Malaysia (FM), with some interesting reply:
Q    : Let's start off with the famous KL MRT project. Any comment? FM : Well, this is definitely a good public transport reformations for KL citizen. However, please bare in mind that the extensions of two existing LRT lines still not yet started. Implementation is problem, not project.

Q    : How about the development of the Malaysian Rubber Board land in Sg. Buloh by EPF?
FM : The project costs RM10bil for 15 years. I don't know when EPF (Malaysians' retirement fund) role has changed to being a developer?

Q    : Malaysia's tallest building - 100-storey Warisan Merdeka. Is it necessary?
FM : So that Osama can either choose this or Twin-towers. Haha. Since EPF can be a developer, why not PNB? Malaysia Boleh spirit for all...

Q    : Existing income tax relief of up to RM6,000 extended to Pr…

New Fund: OSK-UOB US Focus Equity Fund

Following the US government pump priming efforts during the global financial crisis, OSK-UOB believe that we are now witnessing the US economy being stabilized and poised for economic recovery albeit at its early stage. Henceforth, they offer investors a US-focused equity fund to capitalize on the US economic recovery.

Tag-line: "It is PRIME time to up your STAKES"
This is a feeder fund that will invest principally in Schroder International Selection Fund US Small & Mid-Cap Equity (launched on 10/12/2004), which invests primarily in equity securities of smaller and medium-sized US companies. Those are the US companies which, at the time of purchase, form the bottom 40% by market capitalization of the US market.
Key Summary Fund category           : Feeder Fund Fund type                 : Growth Initial offering period : 15th Oct - 4 Nov 2010 Initial investment       : Min RM 1,000 Top-up                    : Min RM 100 Sales charge            : 5.50% Exit fee                    :…

Malaysia to curb capital inflows?

Due to weakening USD and record low-interest rate in the US, Europe and Japan, emerging markets have been a popular spot for excessive liquidity to park their money. Main reasons being: Emerging markets are the fastest growing economies currently Emerging countries are having higher interest rate Banking system of emerging countries are stronger (safer) While develop countries are facing a currency downfalls, emerging countries are experiencing continuous inflow of hot money. This in turn causing a chaotic in currency exchange market, where emerging countries' currencies are hitting years high against developed nations. The imbalance forex market prompt central banks around the world to act or to curb any excessive flows of money which could jeopardised a particular countries, like 1997 Asian financial crisis.

In the latest developments on this hot topic, Thailand announced a 15% withholding tax on interests and capital gains on Thai bonds. In the meantime, South Korea, Taiwan, and Ind…

Why MMC want to take over UEM Group?

When the RM15.6 billions take-over news broke out, MMC share price has been rallying to multi-months high. It was reported that MMC is pairing with EPF and PNB with MMC holding a 40% stake of the consortium. On the other hand, Khazanah Nasional Bhd is the ultimate holding company of UEM Group Bhd. The Pull factors… PLUS Expressways, is one of the key assets that spark MMC interests? The national’s largest cash-generating toll-operator undeniably is Khazanah’s golden asset with 55.2% direct and indirect interest.UEM Land, which has a huge land bank in southern corridor – Iskandar Development Region. This is favorable to Johor based MMC’s investments.To boost its construction arm with stronger muscle? UEM Group is having several projects in Malaysia, such as the Penang Second Bridge. MMC can leverage on the latter expertise and also to gain market share, given the lack of domestic awards.
What makes me interesting is the alternative MRT proposed by IJM-UEM recently. By acquiring UEM, MMC…

QE2, The Yuan, and The Beat Goes On

Stock markets around the world have rallied by double digit percentages since early September. The financial news, of course, must explain this. (Explain the unexplainable -- that is their mission).

Enter "QE2:" QE2 means the Federal Reserve buys huge (think Trillions of dollars) amounts of treasury securities. This is the equivalent of printing money. QE2 is thought to be the great solution to our current malaise. The fear is that we may be collapsing into a deflationary spiral and only QE2 can save us. This is ridiculous of course. Printing money is never an intelligent monetary policy and there is certainly no evidence of deflation in the US economy.

Another non-issue is the Yuan. Tim Geithner simply cannot let a day go by without blasting Chinese authorities for not raising the value of the Yuan (and thereby further crushing the value of the dollar). This is no solution to our woes either. It is time to send Geithner back to to school to sit through a few econom…

New Fund: PB Indonesia Balanced Fund

Today, Public Bank is launching its latest fund, PB Indonesia Balanced Fund, which primarily invests in the Indonesian market including Indonesian businesses or companies listed in other permitted markets. The fund adopts a balanced asset allocation (60% equity: 40% fixed income) approach to participate in the long-term growth prospects of the Indonesian market. The fund is managed by Public Mutual.

Key investment points: Indonesia is the largest economy and one of the fastest growing countries in Southeast Asia. An emerging economy which charted a healthy growth rate averaging 5.1% per annum (2008-2009) Large domestic demand base with robust consumer spending, and rich of commodities. Key features Offering period   : 12th Oct - 1st Nov 2010 Initial price         : RM 0.2500 per unit Initial investment : Min RM 1,000 Top-up              : Min RM 100 Service charge   : Up to 5.50%
Source: Public Mutual

Krugman is a Broken Record; Hooray for Mortenson

In his column this morning, Paul Krugman continues to beat the dead horse of "too little stimulus." Not satisfied with a $ 13 Trillion national debt, is apparently in favoring of moving the US totals toward Greece numbers. It would just take another $ 3 Trillion to get there. Perhaps, Krugman wishes to squeeze Greece out of the headlines. This is Krugman's plan to make American number one (in debt).

It should be noted that Krugman did not receive a Nobel Prize for his work on macroeconomics. This doesn't stop him from holding forth as if he is the high priest of macroecnomics Fortunately, few outside the Obama White House, share Krugman's views and the public has long since jumped off the Krugman train.

Three economists shared the Nobel Prize, announced this morning. One of them, Dale Mortenson, is my old professor and a member of my Ph.d dissertation committee. Mortenson is a great economist and a marvelous human being. Three cheers for Dale Mortenson!

Obama Adopts the "Big Lie" Strategy

Desperate for something to say on the campaign trail, President Obama is now simply telling baldfaced lies. Worse, hundreds of millions of dollars are being spent on television and on radio to bring those lies to the public.

What lies? That foreign money is being washed through the Chamber of Commerce and is financing campaign adds across the country.

If the lies are truth, not lies, the Chamber is subject to criminal prosecution, since such money be a violation federal law. Obama does not object to George Soros, not an American citizen by the way, spending literally billions to help elect Obama president, but he now libels the Chamber of Commerce.

This man, Obama, has no shame and no sense of decency. If the Chamber is using foreign money, then give Eric Holder, your Attorney General a ring and begin the prosecutions. Otherwise, quit lying.

Incidentally, Mr. Obama, you might let Eric Holder look into MoveOn.Org and countless other Democratic organizations who have never publicly rev…

Rank: Guoco vs Genting

Recently, a mid-size brokerage firm in London states the possible corporate tussle in UK gaming company - Rank. What's interesting in UK in fact is the two Malaysian tycoons, Tan Sri Quek Leng Chan and Tan Sri Lim Kok Thay. Rumour is brewing on the possible corporate tussle between the two to gain bigger control of the company.
As at June 30, 2010, Quek's Guoco Group Ltd and Lim's Genting Bhd owned 29.95% and 11.59% respectively. Speculation that Guoco may raise its stake in Rank to a more significant level has been around for some time. This seems more likely now because Rank has improved its operating performance, and it fits into Quek's style of owning at least a 60% stake in each of his core listed companies.
Genting is said to be monitoring the situation very closely, as Genting has just perform its multi-billion related party transaction (Genting Singapore sold its UK gaming operations to Genting Malaysia).
In my view, any actions taken would be coming from Guoco, n…

9.6 % and Counting

No good news for the President. Unemployment remains historically high and nothing in the foreseeable future will change things. The hardest hit are the "legally protected groups" -- minorities, high school graduates and older workers. This is not unusual.

Congress has mandated all sorts of special rights for these "protected" groups and as a result they will be the last to be hired and will only be hired when the economy is truly frothy. All of the "unprotected" groups, mainly white males between 18 and 40 years of age, will do much better. They are cheaper to hire, easier to fire, and less likely to sue for a workplace grievance. It's as if we designed our labor laws to favor white males and to penalize minorities and others. Whether by design or not, that is certainly the end result.

Obama's dream was to expand government and have the government hire those who support him politically. To some extent, Obama's dream was fulfilled by the…

Where is my MEATBALLS?

Once in awhile, I'll dine-in at this famous fast food restaurant. However, this time it surprised me!!!
As normal, I order a plate of meatball spaghetti with tomato sauce, which is nice in taste. Without thinking, I straight away started my meal once it was on my table. Regrettably, I should have taken a photo (for the sake of proof). I remembered that it should be 4-5 meatballs previously, instead of 2 meatballs currently.
4 vs 2 (50% missing!!!)

Where is my MEATBALLS ???
Without arguing for the missing meatballs, I wondering why the said fast-food company did it that way? After 2 minutes, I come out with my own conclusion. The pretty waitress ate it while on the way of serving me. (2 meatballs in a mouth?)This is a company way to improve profit margin.Reason number 2 seems to be more logic. Recently, the said company reporting better quarterly results with higher net profit was recorded. How to increase net profit per customer basis? Value-up or cross-sell other products to a customer…

Leave China Alone

The level of the Yuan (the Chinese currency) is not even remotely a cause of the economic problems that the US faces. Appreciating the Yuan (and devaluing the dollar), a program advocated by Tim Geithner, is silly policy. The US has a miniscule savings rate and as long that is the case, we will have a huge trade imbalance (almost by definition, since whatever investment activity occurs in the US must have the savings provided from some external source).

It is becoming a bedrock of American economic polical life to blame someone else for our own foolish policies. By blaming others, you never face up to reality.

The cold, hard truth is that Obama's policies have damaged the prospects for a US economic recovery. It is not clear that Obama cares one way or another. He seems focused on other matters. But, Americans care. We will eventually have an economic recovery with permanently higher levels of unemployment. This will be the Obama economic legacy -- economic stagnation and sl…

New Fund: OSK-UOB Capital Protected Asia Gaming & Hospitality Fund

With the Asian economies leading in the run up to the global economic recovery, it is expected that the gaming and hospitality sector in Asia would be positioned for growth. Supported by a stead fast growing population and rising income, the gaming and hospitality sector in Asia is thus expected to flourish.

On such expectation OSK-UOB offer investor a new fund that will seek to capitalize on the expected growth of this sector in the Asian region, particularly in Macau and Singapore whilst protecting* investors' capital.
This is a 4-year close-ended capital protected* fund which aim to provide regular income over the medium term whilst protecting investors' capital* on the maturity date.

This fund is suitable for investors who:
have a low risk tolerance;seek capital protection*;share our view on the growth potential of the Asian gaming and hospitality sector during the run up to the world economic recovery;have a medium term horizon (4-year);seek regular incomeOffer Period     : 5…

Why Malaysian market keeps going up?

Recently, I personally have a chance to met up with some businessman from different industries.
When we chat about business, they said "very competitive la". When we chat about economy, they said "still very uncertain eh". When we chat about KL market, they said "why keeps going up ahhhh?".

While newspaper and media are reporting a slew of  news regarding Euro debts problems, US high unemployment, Japanese deflation, and China's scary property bubbles, our market charging ahead unobstructed. In contrast, Ringgit is heading to a fresh 13-year high against USD, KLCI is trying to out-beat its highest ever level, surpassing the pre-crisis level now. Although our economy was not as good as pre-crisis, our KLCI did. Why?

Malaysia to gain from world's liquidity...

Taking a macro-economic view, this is all due to the liquidity that the world governments created to rejuvenate their economies out from the 2008 recession. Actually, we are one of the by-products of…

The End of the Obama Agenda

Whatever the outcome on November 2nd, the Obama agenda is finished and cannot be resuscitated. Most of the economic agenda was aimed at pumping up the income of union and public sector employees. The health care system has been trashed and the financial sector lies under the most burdensome regulatory environment in history. Meanwhile ordinary Americans are still losing their jobs, their homes, their credit cards and their health care insurance. No wonder life is tough for Democrats.

The Obama answer to the enormous backlash to his first twenty one months in office is that the public doesn't understand his program. Unfortunately, for Obama the public does understand his program and has been opposed to it from the beginning.

Having nothing to run on but an incredibly unpopular legislative record, the Democrats, actively encouraged by President Obama, are resorting to mud slinging and personal attacks. That's about all they have left. This is the new politics that will be …

Lotus: Proton vs Fernandes & co‏

After racing F1 for barely less than a season, our supposedly 1Malaysia F1 racing team (now known as Lotus Racing Team) are taking their own stance on the Lotus brand. The high-profile brand tussle case has been taken to British court now, in which definitely does not represent the 1Malaysia spirit at all.

Although I'm not a F1 fan, I did watch F1 occasionally. Now, I had switched my channel to the court case, which I think is more interesting than on-the-track sensations. In F1, other than performance, everything is about branding and reputation and $$$. If not, why they dumped in so much money? For the sake of getting a court case?
Behind the scene...

For Proton, they want to rebuild their fragile brand by using Lotus to showcase their expertise internationally.
For Fernandes & co, they want to establish their own brand to oversea especially for AirAsia which flew directly to Europe. And, maybe just participate for fun.
Both side will win?

Since I do not know much about …