PM Najib announced a project called My First Home Scheme for low-mid income class to buy their first home after work.The main concept is the government will guarantee people who have met the criteria for 10% down payment so that the applicants can get 100% amount for the buying property from 25 participant banks.

I have made some conclusions of the criteria:

1.Malaysian

2. First time to buy property in Malaysia

3.Below 35 years-old

4.Monthly income below RM3000

5.Have a stable job and with it for more than 6 months

If you’ve met all above requirements,you’re entitled to buy a house from RM100,000 to RM220,000 with 100% loan up to 30 years.However,another detail added recently is the monthly instalment could not over one-third of monthly income.

I did a simple calculation for the maximum price of property if having monthly income RM3,000 which is the upper line to meet one of all criteria.Easier for calculation,I adopt the latest BLR by 30 March 2011(6.3%),the best interest rate offered in the local banks(which I know=BLR-2.4%) and it’s fixed rate,for maximum years(30 years).

Assumed the principle of the loan is X.

X+X*(6.3%-2.4%)*30=1000*12*30

X=165898

That means you only could buy a house below RM165,898 if you get a loan with assumed rate and period.

In fact,I support the new rule of 1/3 of monthly income because that could help Bank Negara control bad debt rate and size of family debts in Malaysia,also it could prevent the cases of bankruptcy of individuals.

Some people may say that RM160,000 can’t buy some nice houses.I agree with that,but I also think people are better not to do things out of their own abilities.If you could earn more money,you can buy a better house later;if your income is not so much,you may consider to rent a house or buy a small house which just fit your own needs.

Buy a house,within its means.

Bank Negara Malaysia(the central bank of Malaysia) regulates the new rules for credit card holders in Malaysia,eventually the new rules are more specific to low income class.By tying up the credit policies,Bank Negara will be able to reduce the risks of inflation in the country and bankruptcy issues on individuals.The details are:

1.Minimum income requirement of applying credit card is RM24,000 per annum.

2.For cardholders earning RM36,000 or less per annum:

(a)only can hold credit cards from two issuers.For those who have more than 2 cards currently,they are given to choose two preferred issuers before the end of  this year.Cardholders will be given at least 2 years to pay the debts on the cards cancelled for the purpose of meeting the requirement.

(b)the maximum credit limit should not exceed 2 times of monthly income per issuer.For the outstanding balance over that maximum credit limit,a grace period of 2 years will be given to them to meet the new requirement.

All above rules are affected immediately.

BNM also announced that Further Enhancements to Credit Card Infrastructure Security will run by steps.Effective 1 January 2012, transaction alerts via Short Messaging Service (SMS) will be implemented by card issuers for their cardholders after transactions are performed. This will be followed by the implementation of the Personal Identification Number (PIN) verification for all card transactions from 1 January 2015 onwards.

I support the move of BNM of controlling the credit market to make it grow stable and healthy.

I have the interest of reading books and financial magazines when I’m free.I think reading is a perfect way to study things and remind ourselves of applying the knowledge to our daily lives.

Personal Money is a good local financial magazine under The Edge which always has discussions about the simple investments,the strategy,the concept of saving money etc and so I can keep my track of growing up my family fund by a right way.I believe the difference between a rich man and a poor man is of their thoughts.Thus,learning towards richness is definitely necessary.

I hope my friends could also know it and learn it from Personal Money.It’s monthly published and only RM9.00 if you are in Peninsular Malaysia.

Malaysian government announced that the prices of oil,gas and sugar will increase into a proper stage effective from 16th July,2010 in order to cut some subsidies.The details are as follow:

From Friday, the subsidies for sugar, petrol, liquefied petroleum gas and diesel will be cut as part of the gradual subsidy rationalisation programme, according to a statement from the Prime Minister’s office on Thursday.

The price of sugar will go up 25sen to RM1.75 per kg; LPG will go up 10sen to RM1.85 per kg; petrol RON95 will be up 5sen to RM1.85 per litre and diesel will be up 5sen to RM1.75 per litre.

RON 97 will no longer be subsidised. It will be subjected to a managed float, where the price will be determined by the automatic pricing mechanism, the statement said.

(Reported by TheStar)

In fact,I have totally agreed the movements of cutting the subsidies and I had talked about it one month ago.Oil and gas have been limited resources all over the world and they will create a lot of pollutions.By increasing the prices of them,it could reduce such issues.Eating too much sugar will cause diabetes.Higher price of sugar will let people reduce the consumption of it and so being much healthier.However,I also care about how the government will monitor on spending on savings of those subsidies to affirm that the savings will put into places where it could benefit all Malaysians.

I do hope that the accounts of Malaysian government could be more transparent and the officers could also do the jobs hard and think of the citizens in every second as they are public servants.

The Prime Minister of Malaysia Najib claimed that GDP in Q1 2010 is 10.1% greater than the same period of last year.It seems to be very good news as it indicates Malaysia’s economy is walking out of the mess and turning into a right way.However,some people put some arguments out because they see the growth of Malaysia’ economy is based a large deficit and creating a huge amount of debts.

Malaysia government provided RM18.6billion as the subsidies to petrol price,gas price and so on.It is almost 11% of GDP for the year,higher than many other developed and developing countries in the world(France-1.4%,UK-0.7%;Indonesia-2.7%,India-1.6%,China-0.7%).However,the expenses on subsidies are actually only ranking at No.4 of total expenses.The No.1 expense is for salary and other bonus of civil servants-1.22million of civil servants cost RM52.9billion for the last year-it’s around 3 times of subsidies and 33.7% of the total expenses.That means each public servant could get average income for the year at RM43360,at the same time,the Per Capita GNI(Gross National Income) of Malaysia is RM23567(ie. Malaysia has approx. 27.7million citizens in 2009.)

From the points I can see,I suggest the government smoothly cuts down the subsidies,but also need to cut down the number of public servants by increasing the operational efficiency and applying e-solutions and automation systems in order to facilitate the administrations among different departments.

Malaysia might not be another Greece so soon,but if the government doesn’t know how to control the debts and deficit,I don’t think a better future will be close to the people in this land.On the contrary,the whole country will probably suffer the pain later.

I use the online banking services for many many years because I know that Maybank provides the most flexible online functions up to date.Now Maybank claims that it has developed the mobile portal which will bring more convenience to its existing customers.

Steps to log on the service on mobile devices are quite simple:

Some services could be done by the mobile portal:

• Account Summary
  • Balance Inquiry (Savings, Current, Credit/Debit Card)
  • M2U History, Recent Transaction, Today’s Transactions, Transaction History (Deposit, Credit/Debit Card)
• Funds Transfer
  • To Own Accounts
  • To Registered 3rd Party Accounts
  • To Registered Interbank GIRO
• Payments
  • Registered Bill Payment
  • Card Payment (Own)
  • Card Payment (Registered 3rd Party Accounts)
• View Rates
  • View Forex & Deposit Rates

Well,the service is still under beta stage and so the facilities are quite limited.I think it could be enhanced once it goes through more tests and gets more feedbacks.I wonder which bank will be the next one that will introduce mobile portal to be closer to an e-world.

All are starting from my fresh story.I’m a Maybank user for more than 7 years because I like Maybank2U-the online banking service very much.Thus,I normally save all my funds in my Maybank account and withdraw from ATMs when I need some cash.

Today I just past through Amcorp Mall and found that I only left very few money in my wallet.So I went to the nearest Ambank ATM to withdraw some cash.The terrible thing was there.I inserted my Maybank card into the ATM and followed all instructions as normal.The card returned as well as the receipt,but no cash out.

I stayed there for 5 minutes and yet nothing came out.I decided to go back home first to check the balance of my account online.It was bad that the amount had been credited from my account.Instantly I called to Maybank 24-hour customer service to report this incident.However,the phone was caught after I enjoyed waiting for 20 minutes.This is not the worst.After I got my report number,the staff told me that the fund will only be transferred to my account after 2-4 weeks until the investigation being done.

Oops,I feel I’m so lucky that I didn’t withdraw a big amount at that time.Otherwise,I have to eat bread during this month perhaps.I doubt that as what I know,banks check on the balance every day and furthermore a lot of work in the banks have been electronically.That means all information should be in real time.Why do I need to wait for that long to get my money back?

From this case,I realize that Malaysian local banks don’t know what the efficiency is yet.I’m so surprised!

If you are a credit card holder,I don’t think you will feel so strange on 0% interest.Actually a lot of banks take 0% interest as a big title for their promotions to encourage the existing customers to spend.Recently I got a similar ‘great’ deal from local H Bank introducing in the latest brochure.

In the brochure,it says I’m eligible to make cash advance within the available credit limit of the credit card with 0% interest.Read until this point,I had already raised up my questions:if 0% of interest,what will the bank earn?So I read carefully word for word and found this note:5% cash advance fee will be charged and the 0% interest rate is just for 6 months.

To some simple calculations,we just transfer 5% cash advance fee into annual interest rate,which will be 10%.Please don’t forget that 0% interest is only valid for the half year and after that period,the normal interest rate for credit balance will be charged.Thus,if people take this advantage to get some money,but unable to pay it up within 6 months,he will be charged more than 10% at the end.In fact,a few personal loan interest rates that banks offering are better than this.

Banks always play such tricks to bluff us,so we have to be smart enough to not let it work.

TO BE A SMART CONSUMER!

Currently I’m planning to buy a property as my first home with my fiancée.In order to know more about purchasing a property,I talked to some bankers,lawyers,agents and property investors who have professional knowledge and experience.I feel that the reintroduced 5% RPGT(Real Property Gains Tax) actually helps the buyers who want to get the property in this year.

1.what is RPG?

The RPG is the gain between purchasing cost and selling price of the same property.

For example,Mr. A bought an apartment X at RM80,000 in 2000.In 2010,he wants to dispose the apartment at RM120,000.The different is the RPG which is RM40,000(RM120,000-80,000).

2.What is RPGT?

Simplified it,RPGT is the tax charged based on RPG.In Budget 2010,the Malaysian government proposed to reimpose 5% RPGT irrespective of the year when the property is disposed and it would be effective from January 1st,2010.Of course,some exemptions are provided by the government:

*Disposal of a residential property once in a lifetime.
*Transfer as gifts between parent and child, husband and wife, grandparent and grandchild; (No exemption for transfer between sibling) and 
*Exemption of RM10,000 or 10% of the chargeable gain, whichever is greater, for each disposal of a property by an individual.

Continue with my previous example,

1.If it’s the first time,for Mr. A,to dispose a residential property,the RPG will be exempted to charge that 5%.

2.If Mr. A is not making sale on the property,but transferring the title to his wife or child or grandchild,no RPGT will be charged.

3.If Mr.A is not fulfilling the above 2 points,he has to pay for RPGT.However,some amount will be exempted.The details are as below:

The chargeable RPG is RM40,000 as per calculated,so 10% of the chargeable gain will be RM4,000(10% * RM40,000).As the exemption could be the greater of RM10,000 or 10% of the chargeable gain.Thus,in this case,the amount of RPG exempted for RPGT will be RM10,000 and the rest of RPG(RM30,000) will be charged for the RPGT at 5%,which is RM1,500.

That means after contributing the RPGT to the government,Mr. A could only get a profit of RM38,500(RM40,000-RM1,500) in 2010 by selling the apartment at RM120,000.

On the other words,if Mr. A could dispose the apartment at RM118,500 before 2010,he still can get the same profit.

Therefore,provided that Mr. A is really willing to get some targeted profit(saying RM38,500),he definitely will agree to price the property at RM118,500 in 2009.If going to 2010,he will have to increase the price to RM120,000 in order to achieve the expected profit.

That’s why I think to buy a property before 2010 is a very good choice because we’re able to persuade the seller to set a better price for a win-win situation.Now I just wish the seller who may meet in the near future knows RPGT too.

Kiva is a non-profit organization which had made possible $100 million in microloans between individual lenders and entrepreneurs all around the world.I joined the organization in September last year and lent $25 to Ven Much,a rice farmer in Phnom Penh, Cambodia,who wanted to add rice stock and raise pigs for extra profit by applying the loan.She lent sum up to $1,200.00 and repays for 20 months.

Till now,she always repays following the schedule and had paid up 61% of total loan.I feel happy that I just offered a bit contributions,but giving her a chance to improve her living quality.

From the list,you can see that I’m the only Asian lender in the project that I joined.That’s not what I’m willing to see because it seems the rich men in Asia haven’t been ready to feed back to the society where they grew up.I hope the rich could care for the poor all the time to achieve a wonderful unity in the near future which has less sadness and enmity,more happiness and forgiveness.

Join Kiva today,you know you’re going to a right way.

Maxis starts the IPO from October 28th to November 5th,2009.The estimated price per share is at RM5.20.The IPO is open to public and some parts of shares are reserved to particular groups:0.28% for eligible postpaid customers,0.47% for existing employees,1% for Bumiputras and 1% for non-Bumiputras.

If you are active Maxis postpaid customer,you could check your eligibility of applying shares of this IPO with some priorities in Maxis website.

My girlfriend and I had used Maxis postpaid for 2 years and previously we were Hotlink users.However,I tried to check the eligibility in the website above and got neither of us having the chance for a BLUE/GREEN application form.Maybe we are not so loyal as we don’t spend more RM200 monthly.

Good luck,guys!

I heard more and more rumors saying that since this November,all banks will start to offer the same rate for home loan.The new rate will most probably be Basic Lending Rate(BLR)-1.9%.

It’s said that because many banks currently provide lower and lower interest rate for home loans so as to get more customers,the profit margin has been less and less.All banks now tight up with an agreement that interest rate from home loan will be fixed and this could help the banks fairly share the market.

Till this point,no one confirm for the rumor yet and I hope that will never happen.If it really comes in some day,the consumer will be the only one who loses the benefits as the banks will not go to give any waive of legal fees etc.

I think competition should build up the ability of growth in a tough situation for companies,not build up the ability of transferring pains to consumers.So if the agreement exists,the bank that doesn’t join it ought to be the best local bank in Malaysia,does it?

*The current BLR is 5.55%.

Company information:

Efficient E-Solutions Berhad (EFFICIENT) was incorporated in Malaysia under the Companies Act, 1965 on 27 October 2003 as a private limited company under the name Efficient E-Solutions Sdn Bhd. Subsequently, EFFICIENT was converted into a public company and assumed its present name on 10 February 2004.
EFFICIENT and its subsidiaries are principally involved in the provision of integrated outsourcing solutions in data and document processing ("DDP") to banks, stock-broking companies, insurance companies and telecommunications operators. DDP covers services ranging from data extraction, conversion, formatting of documents to data printing and the preparation of printed documents for distribution via post. The Group also provides electronic bill presentment services, to data extraction, creation, and delivery via electronic media.

Summary of financial performance:

The latest financial report for the half of current year shows the unaudited revenue is RM33,239,000 whilst the profit is RM9,178,000,which are 12% and 8.7% higher than the figures of corresponding period in the proceeding year.The profit margin is 27.61% which indicates the company controlling the costs well and enhancing the performances of work in order to be efficient enough competing with other competitors.

The company also issued 2% of RM0.01 first interim dividend in the last quarter.I believe the company will create more benefits for the shareholders.

According to the latest audited EPS(RM0.0241) and weighted average PE(16.7) of the industry,the fair value of the share should be around RM0.40.However,up to today,the share price is understated at RM0.255.Therefore,this share has a great potential to boost and present its real value.

In these days I take some time on considering of renting or buying a property and now I initially form a picture in my mind.Let’s say I’m going to either rent or buy the same condominium valued at RM130,000 currently.In my area,most of these apartments have 3 bedrooms and 2 bathroom.It will be big enough for a 2-people family to stay in.

Buy

If the owner is willing to sell it at the market price RM130,000,I need to pay more than this amount because I have to process the Sales and Purchases Agreement,Transfer of the title,legal fees and then Stamp Duty which may be up to RM6,000.In Malaysia,we have to pay at least 10% down payment.In this case,that means at least RM13,000.So I have to prepare RM19,000(RM13,000+RM6,000) of cash at first.According to current bank loan policy,the rate of Home loan is around BLR-2%.After some calculation,I could get the monthly installment for the following 20 years is RM680-RM700.Of course,the more I pay on the down payment,the less I pay for the installments.

After 20 years,I own the property worth RM130,000 theoretically and only need to pay monthly maintenance fee.

Rental

As I know the rental fee of that kind of apartments is RM500-600.So I just pick up the higher one RM600 because the rental fee should be raised possibly every 5 years.Well,it is RM100 lower than the monthly installment.However,the total money I spend on rental in 20 years will be RM144,000(RM600*12*20) and I leave nothing after all.The worse thing is I must keep on rent a place to stay.(Be noted that the rental fee at that time may be raised to another high.)

To sum up,I prefer to buy a property instead of rental as rental is just like putting money into a bottomless hole.How do you think?

The topic of Budget 2010 is ‘One Malaysia, Together We Prosper’.The main concept is to develop the country towards a united,peaceful and wonderful land.

Three strategies:

- driving the country towards a high-income economy,

- ensuring holistic and sustainable development,

- focusing on the well-being of the rakyat.

The rest reported by TheStar are:

(The sentences in bold are which may benefit for low and middle income people,inclusive of students)

* Government to make it easier for skilled/qualified people to get permanent residence status. Visa to be granted for family within 14 days.

* CSR Fund of RM100mil to be set up to carry out social programmes.

* Tax breaks for registration of patents and copyrights.

* Big scale factory outlets to be set up to boost tourism besides having major events like KL Grand Prix Fest, National Water Festival, Malaysia International Golf Exhibition and Rain Forest Eco-Challenges

* Taxpayers will get tax relief on broadband subscription fee of up to RM500 from 2010 to 2012. Civil servants can apply for computer loans up to a maximum of RM5,000 from the govt once in every 5 years.

* RM6bil for agriculture sector for irrigation of paddy fields, fish production, fruit farming, livestock farming infrastructure, training

* RM2bil subsidy for farmers and fishermen including subsidies for fertilisers, incentives for padi yields and allowances for fishermen

* RM9bil to finance infrastructure projects including road and bridges projects and rail, sea ports and airports facilities

* RM1.5bil fund to promote green technology by providing soft loans to companies that supply and use green technology

* RM200mil Creative Industry Fund to finance film, drama, music productions, animation, advertisements through Bank Simpanan Nasional

* RM30bil to be allocated to enhance primary and secondary school education nationwide

* Rewards for students who excel in studies:

- 30 National Scholarships for the creme de la creme of students, stictly based on merit

- Conversion of PTPTN loans to scholarships for students who graduate with 1st class honours degree, beginning from 2010,

- Offer of netbook package, including free broadband service, to university students for RM50 per month for 2 years.

* The Permata programme, which emphasises on early childcare and education, including the gifted child programme, to get RM100mil

* Insurance industry to be improved to meet market demand.

* Govt to clamp down on the abuses committed by Ah Longs by enforcing Anti-Money Laundering and Anti Terrorism Financing Act 2001. Moneylenders Act 1951 to be also reviewed.

* Allow 100% foreign equity participation in corporate finance and financial planning companies compared with the present requirement of at least 30% local shareholding.

* To ensure rapid development of financial services, the existing tax incentives to be extended to 2015.

* Among steps to combat corruption is to set up 14 Special Corruption Sessions Courts and 4 Special Corruption Appeal High Courts.

* Tax of 5% to be imposed on gains from the disposal of real property from Jan 1, 2010. Existing tax exemption will be retained for gifts between parent-child, husband-wife, grandparent-grandchild.

* To promote prudent spending, a service charge of RM50 a year to be imposed on each principal credit card and charge card; and RM25 a year on each supplementary card, effective from Jan 1, 2010.

* To ensure that fuel subsidies only benefit targeted groups, Govt will implement a fuel subsidy management system in early 2010, which will utilise the MyKad.

* All ministries and govt departments are required to provide day care and education centres for children of civil servants.

* The maximum income tax rate for individuals to be reduced to 26% from assessment year 2010. Personal relief increased to RM9,000.

* Police force to get RM1bil to improve its services in govt’s efforts to reduce crime. Major measures include to increase police presence, including mobile police stations in 50 crime hotspots.

* To promote house ownership, Govt will launch a scheme that enables EPF contributors to utilise current and future savings in Account 2.

* Employees’ EPF contribution to be increased to 11% again, on a voluntary basis, effective immediately. However, from Jan 1, 2011 employees’ EPF contribution will revert to 11%.

* Personal relief for EPF and life insurance schemes to be increased to RM7,000.

From my observation,Budget 2010 is a prudent plan which could not boost the economic and could not help for the low and middle income people a lot.However,I can see the emphasis on sustainable development on both financial basis and social basis.That is a good sign to turn the country to a right track if all budgeted matters are properly fulfilled and supervised.I hope it won’t be paying only lip service.

Today ministry of Finance in Malaysia will submit the budget for the coming 2010.The Prime Minister Dato’ Najib is also the minister of Finance.I think he had to pay attention to this budget because Malaysia was just suffered by the economic downturn seriously and now difficultly walking out of it.The government ran some mini budgets during the past several month to support country’s economic by adding deficit.So the forthcoming budget is at the crossroad that may push the economic up or pull it down to the jungle.

In front of the new budget,Najib must give out the ways for two main points at the same time:

• To keep supporting on business activities and relieving financial pressures of citizens by issuing policies that benefit both companies and consumers
• To cut the deficit into a proper range

I will post the hot points tonight when the budget released to the public.

Recently the economic is recovering from the recession.Thus,the share markets everywhere begin to show the growth.Many people may want to do some share investments as an alternative instead of buying mutual funds.So I just share with you how to start share trading in Malaysia.

Malaysia has only one share market-Kuala Lumpur Stock Exchange(Bursa Malaysia).Almost all buying or selling actions are taking place there except those direct deal/off market deal which normally involves in bulk transactions.Now we could go to open the trading account.

1.You could choose any securities(broker) company you like,perhaps you could consider whether it is close to your house and how the charges are.You could refer to this list for all registered securities.

The requirements for open a trading account in securities are very limited,normally the only requirement is you are above 18 years old.

2.Open a trading account and CDS account in the security

Trading account could be divided into two types-nominee account and direct account.

Nominee account:Once you buy some shares,your name will not show on the registration book of existing shareholders directly,instead it will show as XXX SECURITY-beneficial to YOUR NAME.

Advantage:Not necessary to visit the security frequently as they could help you deal with most matters(ie, banking in dividends,sign up forms for bonus shares/warrants etc).

Disadvantage:You can not apply for IPO using Nominee account.You may not receive the annual report,some gift vouchers easily.

Direct account:Once you buy some shares,your name will directly show on the registration book of existing shareholders.

Advantage:You apply for IPO using this account.You could receive the annual report and voucher from the company you invest directly.

Disadvantage:You may have to bank in the dividend by your own.If having some bonus issue,you may need to visit the security to sign up some forms by yourself.

However,I still prefer to have direct account.

The charge for open a trading account is varied from different securities,but most of them are free of charge.And commonly you only need to pay for RM10 for new CDS(Central Depositary System) account which is the account to electronically store your shares by some Malaysian law.

After you have a trading account and a CDS account,you are able to buy shares in the market.

3.Know the fees for each transaction

For buying or selling,it will occur some fees comprising of brokerage fee,clearing fee and stamp duty.

The brokerage depends on what methods you used to buy/sell shares-phone call or online.Commonly if you call for making the transaction,you will be charged higher,ie. 0.7%;if you make the transaction through online platform,you will only charged at 0.42%.

The clearing fee is 0.03%.The stamp duty is RM1 for every RM1000.However,I suggest you ask the details from the security.

These are all the basic stuff you need to do and need to know before you make the very first transaction.If you think you have absorbed all,you could start to enjoy the fun from share investment now.I think you could learn the rest knowledge from trading.

I think most web admins and bloggers know Google Adsense very well.In fact,I feel that Google Adsense is the most attractive online ads programme in the world.Why do I say that?Because I get the highest return from Google Adsence up to date-from last December till now,I have around US$130 in my account within 10 months.

Well,you may say that wouldn’t be a big amount.However,the vaule is created from my blog which I put quite a lot of my time there and finally I see some return in dollar sign.So that means a lot for me.

I understand I’m only at the starting stage on the way to make money online compared with those famous probloggers such as John Chow,but I really get much knowledge when I built up this blog-learning how to set up and maintain a website,keeping updated with the world and sharing my minds with everyone,yet I own another piece of land where I’m able to express myself easily and naturally.How wonderful experience!

That’s why I always encourage my friends to start writing blogs as they could help us get more than what we pay.I realize that it is not only making money online,but also making life online.I will continue enjoying the nice life here.How about you?

On behalf of City of London,Z/Yen Group works on the Global Financial Centers Index(GFCI) for 3 years.The index publishes every six months,is dynamic, tracking the changing perceptions of cities as financial centres on an ongoing basis.Meanwhile,if refers to a lot of existing rankings and does some surveys on senior industry figures.Thus,the index is quite objective and complete.Here’s the report for March 2009.

In the rankings,you can see that only two Asian cities-Hong Kong and Singapore are there and the developed countries are still controlling the world’s economy.However,I know that in September’s report,the rankings have been changed a lot.I believe that indicates the trend of developments in the world.Let’s check it out later.

I always say that AirAsia has a great potential on its growth of business and now the potential has displayed on its share price.

The share price is quite fluctuating and currently at RM1.45 per share which is 30% higher than the lowest price in the month.It brings to me 25% earnings on the share value.

However,this good news is just against some other obstacles that I met recently.

I wish I could overcome all soon.