Monthly Archives: March 2008

Knowing your basic savings

Last month, I had mention about the new ”Beyond Savings” initiative that had been introduced by the Employees’ Provident Fund (EPF) and which would come into effect on 1 Feb 2008. One of the enhancements in this new strategic initiative … Continue reading

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New Penang state exco

Breakdown of Penang state government: Chief Minister: Lim Guan Eng (DAP) Deputy Chief Minister (I): Mohammad Fairus Khairuddin (PKR) Deputy Chief Minister (II): Dr P Ramasamy (DAP) The Exco line-up and their respective portfolios: Lim Guan Eng (DAP): International Trade … Continue reading

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Bursa Malaysia: Some recovery Tuesday

After the knee-jerk fall on Monday, some semblance of relief could be seen on the Bursa Malaysia yesterday as the KL Composite Index (KLCI) bounced back. Bargain hunters were swooping in on stocks that have taken a beating. At the … Continue reading

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BBC (11 Mar 08): Penang abandons pro-Malay policy

The Malaysian state of Penang says it will no longer follow a controversial central government policy favouring ethnic Malays above other citizens. Penang is one of five states now controlled by the opposition, after elections on Saturday saw big losses … Continue reading

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Bursa malaysia: Investors’ knee-jerk

The Kuala Lumpur Composite Index (KLCI) was mauled on Monday on a knee-jerk reaction to the results of the general election. Panic selling eased after the one-hour circuit breaker was triggered at 2.58pm due to a 10% drop in the … Continue reading

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Is US economy in recession?

Worrying news from the United States. According to the Labor Department there, US employers cut their payrolls by 63,000 in February, the biggest job reduction in five years, reinforcing a widening view that the US economy is falling into recession.”Among … Continue reading

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CM swear-in on Tuesday

From NST Online (9 Mar 2008): Lim Guan Eng, secretary-general of the DAP, which won 19 of the 40 state seats in Penang, is expected to take over the chief minister’s post on Tuesday. He said he would be sworn … Continue reading

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Whither the NCER, post-election?

With Penang now firmly in the control of the Democratic Action Party-Parti Keadilan Rakyat alliance, the biggest question now is the speed of the state’s transformation into a major logistics and transportation hub under the Northern Corridor Economic Region (NCER). … Continue reading

Posted in Penang | 1 Comment

Guan Eng reassures Penang

From NST Online today:   GEORGE TOWN: Penang chief minister-designate Lim Guan Eng said the DAP, which won all the seats it contested here, will be forming the new state government with Parti Keadilan Rakyat. “We pledge that we will … Continue reading

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Gerakan concedes defeat in Penang

From NST Online this morning: BATU KAWAN, Sat: A shocked Chief Minister Tan Sri Dr Koh Tsu Koon, who conceded the Barisan Nasional defeat to the opposition, said he did not expect the coalition to lose in 11 of the … Continue reading

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