Category Archives: News

Writing Articles for a Travel Website

My more than 1000-word article got acccepted for a travel website and 2 more needs revision with a fourth one on the way plus 6 more to be submitted as drafts. I am also very preoccupied with my full time job, but the good thing is that I work at home; hence I am able to take power naps in between work. I work best when I am alone undisturbed, just to earn a little extra for my retirement.

Yesterday, dad took me to sign a will of 2 copies – an original and a duplicate to bequeath my assets to my sisters and also Little Sisters’ of the Poor Old Folks Home. I used my dad’s lawyer who happens to be his church friend of the same moniker with an office at Green Hall, a few doors away from the high court. Finding a parking space is difficult, hence most law firms are set up here so that lawyeres can just walk to the high court for litigation work, etc.

Today is “all souls day of the dead” or ‘cheng beng’ where the living honour the dead. My partner will attend with his siblings, leaving me some free time to myself and I can update the articles by today. Frankly speaking, the bed is still too tempting and I wish to take naps and turn on the air-con and sleep under my silk duvet. But too much sleeping will lead to poverty and one is told to work hard with one’s mind and hands.

Even if I can afford to retire now, I will still continue working to keep my mind active. An idle mind is the devil’s workshop and the devil is ‘Alzheimer’s disease’. Hence I buy books and read newspapers plus magazines to read to keep my mind active and to prolong my life. This is a fallen world, since’s Adam’s sin with sickness, disease, pestilences, wars, etc.

Complimentary Ticket To Meet Marry Buffett LIVE!

Come 1st April 2017, for the first time ever, you’ll get to meet 3 investing legends, Ms Mary Buffett, Mr Ken Chee and Mr Sean Seah, up close in person at the inaugural Investopia 2017 at Wisma MCA. By the way, Mary Buffet is the daughter-in-law of Warren Buffet, the richest investor and is highly sought after for his ideas.

Even rarer, is the chance to meet THREE of such titans in the world of investing, at the same time, at the same place, under one roof, right here in Malaysia. And it’s indeed a once in a lifetime opportunity where you can do this … for FREE at Wisma MCA on 1st April from 9:00am – 6:00pm.

A bit about the speakers:

Ken Chee is a highly successful entrepreneur who started his company with ZERO capital and turned it into a 9-figure business based upon the principals of value investing.

Sean Seah is a highly sought after financial writer who has appeared in front of international audiences around the world.

And of course, there’s Mary Buffett, best-selling author, international speaker who is flying all the way down from California, USA, to meet with each and every one of you LIVE in person.

Here’s a sneak peak at what will be covered in this FULL-DAY information packed event:

How can you invest even with a little capital?
Should you invest in companies in Malaysia?
What kind of companies can you invest in Asia?
What about the US market? Is the economy going up or down?
How can you protect investments and still profit no matter what?
And much more!

When you learn directly from these masters, you can’t help but leave the conference a wiser, more confident investor.

Here are the details of the event –

DATE: 1st April 2017
TIME: 9am – 6pm
VENUE: Wisma MCA
INVESTMENT: RM97 FREE

If you miss this event, you will never get to learn directly from the 3 investment experts under one roof ever again.

So go ahead and register for your free seat today! Enquiries please call us at 03-2201 8089 or email to customersupport@8investment.com

I have already registered and shall be attending this whole day event at Wisma MCA. At the same time, I have also booked to stay at Mandarin Oriental Hotel in KLCC from 1st April to 2nd April using corporate rate for RM 780+ total including 10% service charge and 6% GST. Mandarin Oriental Hotel is just 5 minutes walk away to Wisma MCA.

“Why Manis”?

“Manis” in Malay means sweet. It could be in character or flavour. Developed by Ebizu Sdn. Bhd, there is a new Manis App that you can download to snap your receipts and earn points. With sufficient points, you can then redeem for vouchers like Tesco, Giant, MPH, Lazada and much more! Instead of throwing away your shopping receipts, why not keep them to take a photo via the Manis App. There are explanations on the steps to snap, enter shop name and location if not found, enter date, amount spend and SNAP it! With grey circles at corners of the snapped receipt, you can adjust and crop for best view before uploading the photo.

Just make sure that the receipt has a store name, location, date and total amount spent. You can even fold the receipts if they are too long and just show one or two of the items bought so that the photos fits into the smartphone for clarity.

Hence, now it pays to keep your shopping or dining receipts and remember that you have to snap it within 24 hours, otherwise it will become invalid and will be rejected. So, don’t throw them away and keep snapping until you hit your targetted points to redeem for vouchers. I have already gotten my RM 10 MPH voucher since I love to buy books and read them in my free time. In Penang, I patronise Gurney Plaza once in a while and will visit MPH for the latest books on finances and self help material. The RM 10 MPH voucher that I got for hitting 3250 points was redeemed earlier and there is an online help chat to query them on any issues or problems. They will reply within 3 days or earlier.

Above is the list of vouchers that you can redeem including McDonalds that I did not mention earlier. Yes, there are many vouchers to suit your taste and likes. Since I love reading, I chose MPH voucher instead to get a discount of RM 10 should I buy a new book to upgrade myself.

After accumulating up to 6000+ points in 2 months, I redeemed my MPH voucher for slightly over 3000 points and the total points are now halfed and deducted. Each RM 1 = 1 point. Normally I myself don’t spend so much, which is RM 6,000+ in 2 months!. These are shared receipts with my partner and note that petrol receipts are also accepted, which helps to increase the points quite a lot. We also buy rather a lot of vitamins and supplements which helps the points to increase a lot whenever they are accepted.

Certain receipts are NOT accepted such as hand written receipts, hotel receipts, travel receipts, just to name a few. Just check their terms and conditions and you will find out more information. If you refer friends, you will get 500 points too.

Above is the Manis app that you can download from the App store on your smartphone.

Oprah Winfrey on Career and Life

Wikipedia states Oprah Winfrey as below:

Oprah Gail Winfrey (born Orpah Gail Winfrey; January 29, 1954) is an American media proprietor, talk show host, actress, producer, and philanthropist. She is best known for her talk show The Oprah Winfrey Show, which was the highest-rated television program of its kind in history and was nationally syndicated from 1986 to 2011 in Chicago, Illinois. Dubbed the “Queen of All Media”, she has been ranked the richest African-American, the greatest black philanthropist in American history, and is currently North America’s first and only multi-billionaire black person. Several assessments rank her as the most influential woman in the world. In 2013, she was awarded the Presidential Medal of Freedom by President Barack Obama and honorary doctorate degrees from Duke and Harvard.

In the video, Oprah shared a pertinent issue, and this is to follow your instincts on what you do not want to do and follow your heart and do something you like. She is admired by the world especially women for being so successful and also as a philanthropist. It is very rare for a black woman to rise up so fast and become a mega success over time from her talk shows.

This is no longer about me nor how to earn and my travels. But it is a breather of change from all the usual stuffs like work and so on. Oprah has also been very generous to her staff of dozens of people, bringing them on cruise ship holidays to Australia and even gave a key to a brand new BMW to all her spectators. Such is her kindness and it is not surprising, she gets back what she gives.

On a more sombre mode, here is what Wikipedia wrote about her difficult life:

Winfrey was born into poverty in rural Mississippi to a teenage single mother and later raised in an inner-city Milwaukee neighborhood. She has stated that she was molested during her childhood and early teens and became pregnant at 14; her son died in infancy. Sent to live with the man she calls her father, a barber in Tennessee, Winfrey landed a job in radio while still in high school and began co-anchoring the local evening news at the age of 19. Her emotional ad-lib delivery eventually got her transferred to the daytime talk show arena, and after boosting a third-rated local Chicago talk show to first place, she launched her own production company and became internationally syndicated.

Many successful people today were born into poverty which gives them the drive to succeed and work hard as reported in the local press some time back. Whereas, rich people tend to take things for granted and live the easy, lazy life, since everything is provided for and there is nothing to strive for or goals to achieve. They live like bosses and some of them which is a distant worker that I know of, cannot even work for others because he’s just like the mother; they have the boss mindset, very quarellsome and cannot work under other people. It is just a matter of time before he gets sacked again and again. He is just unemployable.

Happy New Year of the Rooster 2017

It may be a little late, but better late than never. Hence I would like to wish you Happy Chinese New Year of the Fire Rooster 2017 which happened to fall on 28th and 29th January this year. I got Singapore dollars of $200 from a relative without even going there as mum request the ang pow for me. So this is extra RM 619.40 bonus for the month of January as part of my own earnings. To me something is better than nothing. So, mum kept her promise of asking for the red packet for spinsters like me. Even though I am in a relationship, I don’t intend to get married and enjoy the status quo with much travelling with my spouse and business partner. A real life event: a woman had to have both her legs amputated at the thighs after giving birth due to infection setting in, went into a coma for a long time and woke up to find that her husband had left her. She is now disabled but became an entreprenuer, working from her wheelchair in order to support herself. Some couples don’t understand the vow, “in good times and in bad times, we shall be together.”

When something goes wrong like in this case, the housewife becomes permanently disabled, the hubby chickened out of the marriage and ran off.

Went for Star Walk 2016

2 Sundays ago, on 11th September 2016, I went for Star Walk with my spouse. It was a 7-km non-competitive walk with prizes and lucky draws at the end of the walk, should you finish within the 2-hour limit. After that, for the tired ones who could not complete the walk, a sweeper bus will pick up the stranded walkers and take them to the finishing point. There’s African dance performance, Line dancing for those who still have an iota of energy left, plenty of jazzy music, etc. There were some credit card promotions and Julie’s biscuits sale going on too. Participants will get free rounds of 100 plus drinks and chocolate malt with strawberry-flavoured or corn-flavoured buns and free The Star newspapers. You will also get a certificate of participation as you queue for it at the finishing line. The slight rain did not dampen our spirits as we came armed with an umbrella.

McDonald’s plans to sell Malaysia, Singapore franchises

McDonald’s Corp is planning a sale of 20-year franchise rights in Malaysia and Singapore that could collectively fetch at least US$400mil, people with knowledge of the matter said.

Suitors for the fast-food operations in the two Southeast Asian markets have begun sounding out banks for financing, said the people, who asked not to be identified because the information is private. A potential bidder is in talks with lenders for as much as US$300mil in funding, they said.

McDonald’s is seeking local franchise partners to run its restaurants in Malaysia and Singapore as it pursues an international turnaround plan put in place after CEO Steve Easterbrook took over last year.

The Big Mac maker, which has a US$112bil market value, is revamping its ownership models throughout Asia, including plans to sell operations in China, Hong Kong and South Korea.

McDonald’s has adopted a “development licensee model” for the two markets, a Singapore-based spokeswoman for the company said in an e-mailed response to Bloomberg queries. It is negotiating with candidates “who are committed to helping accelerate growth and innovation in Malaysia and Singapore,” she said.

Unlike in its other major markets — including the U.S. — most McDonald’s outlets in Asia are company-owned. The chain aims eventually to have 95% of its restaurants in the region under local ownership, it said in March.

McDonald’s currently has more than 120 restaurants with around 9,000 employees in Singapore, according to its local website. In Malaysia, the chain runs more than 250 restaurants, its website shows.

Tycoon land sales raise questions

tycoonlanddeal

A few tycoons are selling large swathes of their land in Malaysia, either directly or through companies they control. Could this be a sign of the times, in the sense that these businessmen are looking to cash out of an asset class that is set for a prolonged downturn?

“You get the feeling like these tycoons are reading the market and acting on it,” says one fund manager.

Just last month, Guocoland (M) Bhd, a company controlled by Tan Sri Quek Leng Chan said its associate company announced it was selling a large piece of land in Sepang to Petronas-owned Putrajaya Holdings Bhd.

Around RM116mil of the sales proceeds will be attributable to Guocoland, in which Quek has around 65% interest.

At around the same time, Tan Sri Lee Shin Cheng decided to sell 400 acres of his privately-owned land to IOI Properties Group Bhd for a whopping RM1.58bil.

Lee will be paid mostly in shares, nudging his stake up to 58.56% from 51.47% but will also be getting cash of around RM158mil from the sale.

Lee has since explained that the deal shows his belief in the long-term prospects of IOI Properties and that the land will enhance the prospects of the latter.

He also said that he would use the cash proceeds from the sale to buy more shares in IOI Properties. But some observers say his move, of putting his privately owned land into his listed company, can be read as a decision to not want to take the risk of holding this land in these troubling times, but rather move it into his listed company.

Another notable vendor of land in recent times is Tan Sri Danny Tan. Through his listed Tropicana Corp Bhd, he has sold more than RM1.5bil worth of land this year alone.

Tan also sought to sell a large piece of land in Gelang Patah Johor to Singapore-listed Albedo Ltd for which he would have assumed control via a reverse takeover.

That deal has since been aborted and it isn’t clear if Tan has sold that piece of land, which was valued at almost RM2bil at the time of the proposed deal.

Last year, Tan Sri Desmond Lim’s Global Oriental Bhd sold 15 acres of land in Seri Kembangan to Singapore incorporated Qingdao Investment Pte Ltd for RM142mil while in 2013, DRB Hicom Bhd, controlled by Tan Sri Syed Mokhtar divested close to 250 acres of land in Johor to Eco World Development Group Bhd for more than half a billion ringgit.

Public Bank launches e-fixed deposit account

Public Bank Bhd recently launched the PB e-fixed deposit account (PB eFD) which is for customers opting for e-banking.

PB eFD is a “Go Green” paperless fixed deposit account which allows the customers to create the accounts, make placements and also withdraw online via PBe Online Banking (PBe).

With PB eFD, customers will benefit from the fixed deposit (FD) interest rate just by applying for a PB eFD account and make FD transactions anywhere via PBe throughout the whole week.

The PB eFD placements are carried out in real time with minimum placement from as low as RM1,000.

PB eFD is open to individual customers aged 18 years and above as well as sole proprietors, who have existing conventional personal current accounts or savings acounts and who have registered for PBe.

The bank said the facility would enable customers enjoy their interest earned before the maturity as PB eFD offers the option of monthly automatic crediting of interest into customers’ current account or savings account.

PB eFD also offers automatic renewal for the same tenure at the prevailing board rates for the convenience of customers.

In conjunction with the launch of PB eFD, Public Bank is running a “PB eFD Campaign” from Jan 12 to March 31 offering higher promotional interest rates of up to 3.60% per annum for three months and above.

With “PB eFD Campaign”, customers can watch their money grow and earn competitive interest rates.

Customers just have to open a PB eFD account via PBe and make a minimum PB eFD placement of RM1,000 during the campaign period in order to enjoy the higher promotional interest rates.

Leaking gas tank causes shutdown along NSE

A leaking LPG tank on a trailer near the 310th kilometre between Tapah and Gopeng led to a temporary shutdown of both sides of the North-South Expressway (NSE), causing a 5km traffic jam.

The Tapah fire department said an LPG tank being hauled by a ­trailer along the NSE was dis­covered to be leaking the dangerously flammable gas.

According to the trailer driver, there were two safety valves on the tank which were leaking.

Fire department personnel, with the help of the police, closed both sides of the highway to allow the LPG tank to vent, as the safety valves could not be repaired.

A Hazmat team from Pasir Puteh together with fire brigades from Tapah, Gopeng, Kampar and Ipoh were involved in the clean-up operation, said Fire & Rescue Department of Malaysia assistant superintendent Muhammad Shaznil Abd Thoher.

During the operation, water was sprayed to cool the gas so that it could be released into the air and to prevent it from seeping below.

As at 5pm, the emptying of the gas tank was completed and the highway was reopened soon after.

For safety reasons, drivers were directed to exit the highway at either Gopeng or Tapah to continue on their journey.

PLUS Corporate Communications deputy senior manager Iskandar Dzulkifli has also advised the public to avoid the Tapah and Gopeng inter­change to bypass the massive jam.

For the latest traffic updates, go to PLUSTrafik Twitter or call the PLUSLine at 1800-88-0000.

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