Wednesday, September 30, 2009
Sunday, September 27, 2009
The calling rate to any network is RM0.33/minute and cap at maximum of RM0.99 for 15 minutes call. I personally think it's good for people who usually do long hour calling. And some of us not calling the same people everyday, which means that friends and family is actually not really applicable. (And most of the friends & family number will at least cost RM0.10/minute).
Friday, September 25, 2009
The jackpot 1st prize will be minimum RM1 million and the jackpot 2nd prize wil be minimum RM100,000.
Tomorow is Saturday and also the drawing day, so i am going to try my luck using RM2. Perhaps i am a multimillionaire thereafter. Everything is possible. So, why not get yourself a ticket.
*Note: Do not overbet. Your financial loss in betting this game is not within longlibra's liability.
Visit Here to know more and also for draw result.
Wednesday, September 23, 2009
Step 1, determine the principal amount, the interest rate.
Tuesday, September 22, 2009
MEPS (Malaysia Electronic Payment System), is ATM network sharing system. This system is adopted by all local banks in Malaysia.
If you are holding a MEPS enabled ATM card, congratulation. You can execute different transactions in Malaysia & overseas by using ATM machines from participated banks. Transactions include:
4. E-debit, it works like debit card.
There are more than eight thousand of local banks’ ATM machines are MEPS enabled. At a transaction cost of RM 1, I consider it as unnecessary spending as I don’t usually withdraw money in other banks’ ATM unless I am fed up with the long queue, rushing for something or the machine breakdown (But i had withdraw several times from other banks too =.="). Third party fund transfer costing RM 1 is acceptable especially you stay far from the bank you want to deposit.
Saturday, September 19, 2009
I would like to share a joke. It's about working in the banking industry.
One day, a doctor, a priest, and a banker met in heaven.
The gate is closed. So, they ask GOD how to open the gate.
GOD: Each of you must make a confession in order to open the gate.
Doc: I start first.
Doc: Dear GOD, I have save hundreds of life during my lifetime. May the gate of heaven open for me.
....The gate remain closed. Doc walk away with dissapointment.
Next, the priest went.
Priest: : Dear GOD, I have pass the word of Christianity to thousands during my lifetime. May the gate of heaven open for me.
....The gate move slightly. The priest confused and walk away witth dissapointment.
When its the turn of banker, he remain silent as he don't know what to confess. GOD noticed and ask.
GOD: Dear Son, what did you do when alive?
Banker: Dear GOD, I am just a banker.
....The gate of heaven suddenly open. The banker confused. Why?
GOD: Come on in Son, you have been in HELL long enough.
For those who consider a career in banking industry, think twice. =)
Thanks for Mr. Ang who provide this story during the career talk.
Thursday, September 17, 2009
The project is handle by state-owned public transport operator, Syarikat Prasarana Negara Bhd.
Yes, I think its a good news for everyone who goes to work using public transport in KL. Looking at the picture, people who live farer than the existing end station from the LRT will be benefit from the extension. (Especially those from Klang Valley)
I am sure that alot of people driving to the Kelana Jaya Station every morning to catch LRT to the workplace sited in KL. (Start driving at early 7am, and stuck in the jam for an hour. <--your typical working day)
Upon the completion of new stations, you can now choose a nearer LRT station to part your car and catch the LRT faster.
1. Get more sleeping time.
2. Less congestion.
3. Nearer station.
Companies possible to get the project
UEM Builders Bhd. (main contractor for existing lines)
IJM Corp Bhd. (main contractor for existing lines)
Road Builders (M) Holdings Bhd. (sub-con for existing lines)
Gamuda Bhd. (Experience in Kaohsiung;s mass rapid transit in Taiwan)
Malaysia Resources Corp Bhd. (main contractor for the Kelana Jaya Line in the KL Sentral portion)
To investors, pay some attention to the above companies. Dropping some egg into it =)
*Note: payroll from government project is usually smooth, credit problem seldom exist.
News source: The Star, Public Display of proposal.
Tuesday, September 15, 2009
Present passport package
Currently, a 32 page passport costs RM300 and a 64 page document RM600. Both are valid for five years.
Who is benefit from these?
Basically everyone is benefit from this improvement. Especially infrequent travellers who travelled once or twice in a few years time.
In a short math,
RM300 - RM100 = RM200 <---- Can last about 10 days (Not include high-class restraurant and shopping)
Complimentary service provider
Well, with the availability of low-fare airline flights and various affordable holiday packages would encourage Malaysians to travel now. The MATTA (Malaysia Association of Tour and Travel Agents) fair just held at the beginning of September. So, for those who bought a overseas travelling package, you can wait until Oct 1 to apply your passport.
Click here to visit AirAsia, MAS, and MATTA. Read More......
Sunday, September 13, 2009
Fixed rate or Floating rate?
Credit to Bankinginfo =)
Friday, September 11, 2009
From these two scenarios, there are Double Return for investment
Although the price of compartment after 5 years is depend on market conditions, but always remember that you can hold the compartment until it appreciates.
Wednesday, September 9, 2009
The crash of subprime mortgage securities is still fresh in mind. Well, the great bankers are heading to a new product that could bring them back to profit like before. Guess what is in their mind this time? Plantation? Technology? F & B? No, no, no. The meat they want is life insurance.
What is life settlement?
In US, many ill and elderly person default on paying premium on their insurance policies as they counln't afford it anymore or their families do not need the insurance payout during the death of the elder or premium might become too expensive.
In the past, dying people lapse the policy and insurance companies making more money as there is less payout.
Now, there is a new option for the ill and elderly people. Investment bankers planned to established a market where the ill and elderly people can sell their policy for cash.
The investment bank will bought over the policies and continue to pay premium. Then, the policies will be "securitized" into bonds or other collateralized securities. These would then sell to investors.
How to define Profit or Loss?
Most people know that the cash value in an insurance policy is less.
^For example, a policy cover up to $1million of payout may have cash value of $100,000.^
So, the premium are to be paid continuously until the insured (the ill and elderly seller) reach a condition to entitle for payout (mostly is death).
If the insured die very soon and less premium being paid, then the investors will make profit from their investment.
If the insured die after many years where a huge amount of premium being paid, then the investors will make loss from their investment.
Profit or loss is greatly depend on insured life expectancy.
Advantages of life settlements
1. Creating a platform for ill & elderly people to sell their policy for cash in case they don't need it anymore. (20 to 200% higher than the surrender value)
2. Investors had got a new type of investment vehicle. ( The market for life settlement has less correlation with the market and the overall economy. Systemic risk will be minimum)
Life settlement is nothing new, but the investment banks such as Credit Suisse and Goldman Sach had eyed on the $26 trillion life insurance market in US alone. By creating a new market, Wall Street investment bankers (the big conman) can again make sky-rocketing profit from creating the bonds, selling them, and in the end trading them.
In the long run, the payouts by insurance companies become higher and the premium would rise subsequently. In other words, layman like us would suffer for paying higher premium. Let's pray that this investment vehicle doesn't come to Malaysia. ><>
For more info, click here.
Wednesday, September 2, 2009
Did anyone received a letter sent by reader digest attached with a RM250,000 mock cheque and car keys? The letter notify you to subscribe to 1 year of reader digest at discounted rate.
How it works?
Of course, the subscription of 1 year reader digest magazine entitle you a right to participate in the whatever contest. But you will get a free watch upon the subscription.
Then, you will automatically enter the contest of winning a car and RM250,000 paycheck by replying to the invitation via sending back of authorization for subscription attached with the mock cheque and the car key.
Do you think you can win?
I personally think that this is a marketing oriented strategy. So, the chance of winning is extremely small. Moreover, the invitation to subscribe is limited to selected Citibank Credit Card users. Which means you will still have to compete with tenth of thousands of Citibank Credit Card users.
Lastly, Reader Digest company had file for chapter 11 bankruptcy to reduce debt. I think your subscription money can be a portion RD's debt reduction policy, the marketing gimmick continues.
Please share your comment =)
Tuesday, September 1, 2009
The government had phased out RON92 petrol and replace by RON95 petrol in major petrol kiosks. However, the initial pricing of RM1.75 per litre had been increased to RM1.80 per litre due to rising world oil price. I am sure that many Malaysian had been disappoint by the announcement. For every full tank of petrol, let say 30 litre. (30*5 cents) We should make a saving of RM3, which afford us at least 2 roti kosong + 1 teh tarik or 1 nasi lemak + 1 teh tarik. Now, everything had gone. The expectations of saving money by using RON95 petrol shattered.
List of RON95 compatible vehicles, the below list exclude models from Honda. From the source of MalaysianInsider.com, all Honda models released since 2001 are compatible with RON95 except Honda Civic Type R.