Posted in NinaWang, Rockwills & Inheritance on Jun 30th, 2008
Come 16 Feb 2009, a spectacular and scandal-packed court battle is scheduled to start in Hongkong over the USD4.2 billion fortune of Asia’s richest woman, Nina Wang, who died aged 69 last year, leaving her money to an unknown feng shui master. It is expected to last eight weeks. Wang, the former chairwoman of the [...]
Posted in Investment on Jun 29th, 2008
We’re still in the throes of the subprime crisis, no thanks to the ineptitude and greed of the U.S. financial industry. We’ve heard so much about the crisis but have we really understood it? This is not an attempt to make light of the situation but I’ve just uncovered this slideshow which explains it in [...]
Posted in Chess on Jun 27th, 2008
I RECEIVED a strong e-mail last week from the World Chess Federation (Fide) general secretary Ignatius Leong. The content that I’m reproducing below is self-explanatory. For clarity, the only bits I have left out include the excerpts he quoted from my article, his attachment of internal Fide communications and some remarks. “I refer to your [...]
Posted in General on Jun 25th, 2008
Recently, I read through some comments from youths in Singapore regarding financial education. Here is a summary of these comments: “YOUTH here are clueless about investment. The most they know is that putting money in a bank earns more interest than in a piggy bank. Savings deposits alone are inadequate as their value is eroded [...]
Posted in General on Jun 22nd, 2008
WASHINGTON, US – A YEAR after a summer subprime crisis roiled markets and squeezed credit worldwide, analysts are looking for signs the worst is over for the troubled US housing market and banks that made risky bets on the sector. Economists are divided on the crisis at the approach of summer, with memories still fresh [...]
Posted in Chess on Jun 20th, 2008
Women chess players are a force to reckon with. I RECEIVED an e-mail during the weekend from a reader who signed himself off simply as Jefri. He was commenting on my coverage of the national chess closed championships which ended recently. I will just relate this pertinent part where he said: “Why was there almost [...]
Posted in Rockwills & Estate planning, Rockwills & Inheritance on Jun 18th, 2008
According to newspaper reports from Hongkong, the late Cantopop diva Anita Mui Yim-fong’s mother has lost a legal battle to challenge her daughter’s will. Mui’s 84-year-old mother Tam Mei-kam had challenged the will which left her HK$70,000 (RM28,710) a month out of a fortune estimated at HK$100mil after the singer died from cervical cancer in [...]
Posted in General on Jun 15th, 2008
It’s almost two weeks since the increase at the fuel pumps. From RM1.92 per litre for 97-octane fuel pre-Jun 3, we are now paying an astonishing RM2.70 per litre for a petroleum-producing country. That’s what some detractors are telling us: vis-a-vis other petroleum-producing countries, our fuel prices are among the highest in the world. Why [...]
Posted in Chess on Jun 13th, 2008
Champions are judged on their deeds and by their peers. WHEN I stepped into the Wilayah Complex in Kuala Lumpur two weeks ago, my anticipation was high. I was eager to see what kind of field the national closed chess championships had attracted. I came away with disappointment. I had questions but unfortunately, I did [...]
Posted in Chess on Jun 6th, 2008
There is a new man at the helm of the Malaysian Chess Federation. THE transition went smoothly at the Malaysian Chess Federation (MCF)’s annual general meeting last Sunday, and it was over within a minute. When nominations were called for the position of the MCF president, Tan Sri Ramli Ngah Talib’s name was proposed and [...]
