Archive for August, 2009
Stanford Financial Group-7 Billion Dollars Scam or Fraud
The world is filled with greedy people.
Just immediately after the Madoff’s scam case of a 50-billion-dollar pyramid scheme last year, next we have the seven billion dollar fraud in Houston-based Stanford Financial Group
Details:
James Davis, 60, the former chief financial officer of Houston-based Stanford Financial Group, pleaded guilty to fraud and obstruction charges. He admitted that [...]
August 28, 2009
Tags: Accounting fraud Posted in: ACCOUNTING FRAUD/SCANDALS, Other Countries 
No Comments
Bank Negara’s Decision on Overnight Policy Rate To Remain At 2 Per cent
Further to earlier article on the OPR’s outlook/forecast by the economists from various banks, at the Monetary Policy Committee meeting held on 26 August 2009, Bank Negara Malaysia decided to leave the Overnight Policy Rate unchanged at 2.00 percent.
Full Text(Source:Reuters):
Since the MPC in July, more signs have emerged to suggest that global economic and financial [...]
August 26, 2009
Posted in: Sources of Financing, TREASURY articles No Comments
OUTSOURCING MARKET TREND IN MALAYSIA
For those professionals like accountants, It experts and others who would like to pursue or establish outsourcing business, take note of the advice from Outsourcing Malaysia chairman David Wong
According to David Wong:
Our local outsourcing sector could be worth more than US$5 billion (RM17.55 billion) in 10 years if local firms can win bigger deals internationally [...]
August 25, 2009
Tags: Outsourcing Posted in: Outsourcing No Comments
Outlook On Overnight Policy Rate(OPR) Unlikely To Change
Bank Negara’s monetary policy committee holds its sixth meeting of the year today(25 August 2009). There are another two more Meetings until the end of the year.
The following 21 economists surveyed in a Business Times poll:
Action Economics,Affin Investment Bank, AmResearch, Bank Islam, CIMB Investment Bank, Citi, Credit Suisse, DBS Bank, HSBC Bank, Inter-Pacific Research, JPMorgan [...]
August 25, 2009
Posted in: Sources of Financing, TREASURY articles No Comments
2008 Corporate Shareholder Value Awards
Recently, the KPMG’s Corporate Shareholder Value Award 2008 ceremony was officiated by Securities Commission chairman Tan Sri Zarinah Anwar.
Details:
KPMG noted that the average economic profit over invested capital (EP/IC) among the top 100 listed companies here rose to 15.46 per cent last year, compared with 14.35 per cent in 2007 and 13.52 per cent in [...]
August 25, 2009
Tags: EVA Posted in: EVA No Comments
Sovereign Wealth Funds In Partnership On Strategic Investments
Due to the credit crunch, many companies find it difficult to get the financing. Private equity funds in this period of time are gaining much prominence. One such powerful “private” equity group is the sovereign wealth funds which are often run state-owned. Do not underestimate such Sovereign wealth funds as it comprise a US$3 trillion [...]
August 22, 2009
Posted in: Government Linked Companies(GLC) No Comments
High Dividend Policy Payout To Induce Investors
Earlier, we have noted few schools of thought on the impact of dividend pay out to attract investors which indirectly help to increase the share value.
Recently, RHB Research Institute Sdn. has advocated the go-ahead to buy high dividend yield stocks to ride out the stock market’s volatility.
The shares recommended are:
Hai-O Enterprise Bhd, a seller of [...]
August 21, 2009
Posted in: Dividend Policy No Comments
