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Tadmax Hit Rock Bottom. The Only Way Is Up

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By Francis Fernandez Kuala Lumpur : Tadmax Resources Bhd has hit rock bottom. Volume is declining, the price has been falling. Is this the end of the road for MyStock 118’s next big thing. Will this be the first time that the Next Big Thing has failed to launched? All shall be revealed before this week is dead as MyStock 118 had promised it’s readers on Monday. The law of gravity teaches us, that if you have hit rock bottom, then the only way is UP. Tags: kuala lumpur


Bears Dance, As Oil Bulls Dream Of Crude At US$58

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Oil closed in a bear market , but don’t abandon hope. Analysts are looking beyond the current slide to next year for a rebound. Crude has plunged by more than a fifth in less than two months as refineries created a glut of gasoline while failing to eliminate excess supply of crude. That wrecked refining margins and hurt the earnings of Exxon Mobil Corp., BP Plc and Royal Dutch Shell Plc. Yet, global oil prices will average $57 a barrel in 2017, according to the median of at least 20Read More


Wolf of Wall Street Earnings “Ring Fenced”, As USA Govt Moves To Seize Assets of Aziz & Jho Low

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By Bradley Hope The U.S. film company that produced “The Wolf of Wall Street” reached a deal with the Justice Department on Monday to keep separate its future earnings from the film pending the outcome of the government’s civil asset-seizure cases tied to a Malaysian investment fund, according to a filing. The government last month filed cases to seize more than $1 billion of assets allegedly acquired with funds embezzled from 1Malaysia Development Bhd., a Malaysian sovereign-wealth fund that is at the center of corruption and money-laundering inquiries in atRead More


After 1MDB Shame, How Low Can You Go, That Even Monkeys Can Steal Top Secret Military Documents.

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KUALA LUMPUR, Aug 2 ― A group of monkeys have reportedly stolen confidential military documents at the Terendak Camp in Malacca. The Star reported today that the monkeys overpowered a postman who was on his routine rounds at the garrison camp and grabbed the documents from him. In just a few seconds later, the monkeys had climbed some trees and made off with their loot. The report added that the animals had injured the 33-year-old postman, and that authorities now face a daunting task in tracking down them down. ARead More


#TangkapMalaysianOfficial1 is On The 27

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#TangkapMalaysianOfficial1 rally in Kuala Lumpur on Aug 27. They are targeting 10,000 people for the rally, which is aimed at putting pressure on authorities to arrest and charge “Malaysian Official 1” who was named in the recent United States Department of Justice (DoJ) civil claims in relation to 1Malaysia Development Berhad (1MDB). Group spokesperson Anis Syafiqah Md Yusof told a press conference that the rally was open to anyone regardless of their background or political ideology. “The issue of 1MDB is no longer a issue inside the country, but hasRead More


Hong Kong Closed For Business By Order Of Mother Nature

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HONG KONG: Hong Kong shut down Tuesday as Typhoon Nida brought violent winds and torrential rain, with hundreds of flights cancelled and the stock market, schools and businesses closed, as the storm headed across southern China. Gusts of 151 kilometres (93 miles) per hour whipped the city and rain lashed down during the night, and authorities warned of floods and landslides. Streets were deserted Tuesday morning as school was suspended and workers stayed at home, with buses and trains operating only a very limited service. Hundreds of flights were axedRead More


Ringgit Takes A Beating As Crude Oil Sinks Back To No Man’s Land

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The ringgit led a decline in Asian currencies as slumping oil prices dim the prospects for Malaysia’s export earnings. Brent crude sank 0.8 percent to close at its lowest level in four months on Monday, while U.S. oil slid into a bear market amid renewed concern there is a global supply glut. Malaysia loses 450 million ringgit ($111 million) in annual income for every $1 drop in oil and the nation derives about a fifth of its revenue from energy-related sources. “The wider story is the oil price slippage forRead More


Ma Yu Zoom In On MBSB

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Tan Sri Chua Ma Yu ups stake in Malaysia Building Society Bhd (MBSB) to 8.97 per cent from 6.06 per cent through subscription of the company’s rights issue. The Employees Provident Fund (EPF) remains the single-largest shareholder in MBSB, with a 65.1% stake. Chua, a former stock broker and co-founder of Rashid Hussain Securities, emerged as a substantial shareholder in MBSB in March this year, after acquiring a 6.06 per cent in the company, which was then in the midst of proposing a renounceable two-call rights issue of new shares.Read More


Mahathir Pressure Singapore On 1MDB

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Mahathir Mohamad has attacked Singapore’s handling of alleged money-laundering linked to Malaysian state investment fund 1MDB. In an interview with the Financial Times, Malaysia’s influential former prime minister accused Singapore of failing to target the protagonists in what is alleged to be a global scheme to siphon off more than $3.5bn from the fund. “Notice that the government of Singapore is very reluctant to pinpoint the people involved in this corruption,” Mr Mahathir said. “It affects Singapore’s reputation as a financial centre. It is not doing the right thing. TheRead More


Oil Bulls Breaks Out In Cold Sweat, As Prices Revisit April

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U.S. crude prices on Monday broke below $40 a barrel for the first time since April, weighed by a survey showing output in OPEC reached record highs last month amid the biggest addition of U.S. oil rigs in two years. U.S. West Texas intermediate (WTI) fell $1.58, or 3.8 percent, to $40.02 a barrel by 12:56 p.m. ET (1656 GMT), after sliding as low as $39.86 just after midday. Brent crude was down $1.51, or 3.5 percent, at $42.02 a barrel, after reaching an intra-day low of $41.87. Both benchmarksRead More