Warning ! Malaysian Bank May Fail

All of us are SICK worried if 2009 will be worse than 2008, and the credit crunch wave is beginning to hit many businesses and individuals in Malaysia. As an individual, I will try to help you discover how you can identify if your bank is still doing well.

The first few ones who felt the credit crunch here in Malaysia would probably be those who has hordes of bonds in foreign values. If you take a look at Malaysia's economic situation, there isn't much hype on the credit crunch, but rather physical, literal actions that businesses take when their financial margins thin out. Perhaps you were also driven up the wall, perhaps not.

Fortunately enough for us, the Malaysian government has not pushed the pre-panic button, and has laid out several words to calm our raging sanity. Our dear neighbour Singapore, were already affected much. Just recently, DBS Group; metaphorically viewed as Malaysia's Maybank, (DBS is Singapore's largest bank), has suffered a HUGE slap of 13% net profit loss over the last 9 months, cutting over 900 jobs.

Without further ado, let us tell you what are the signs of a 'perhaps' bank failure:

Heavy selling pressure to the bank share, price drop drastically from top to bottom.
Latest financial statement reveal big loss, shrinking of balance sheet.

Are your bank(s) going through a huge retrench activity or more-than-normal job layoffs?
Are they announcing a cutback on dividend cuts on shareholders?
Loan applications - Are they harder to get, or totally impossible, or stop giving out?
Are you receiving hordes of offers to do more business with the banks?
Savings account and cash deposits - Are the interest rates fluctuating too much?
Perhaps, again, you'd want to further help protect yourself in a way. The Perbadanan Insurans Deposit Malaysia (PIDM) now has full government guarantee. Whether or not this is a good thing, our economic situation lies at the hands of governmental activities which would make a huge impression and blow on 2009's economical values. Let's pray and hope that we do not repeat mistakes of the US.

Blacklisted Companies for Finance & Business In Malaysia

In our modern days, fraud, scam, hype are very aggressive, and people are getting smarter everyday. But still have people not very smart financially who easily conned by the bad guy even though the have phd from prestigious university. Here is a list of companies that you should avoid dealing with, or at least give them a chance to do business with you.

The Securities Commission in Malaysia has released and updated list of websites and companies who are not authorized or approved under the securities laws to deal in securities, trade in future contracts, advise on corporate finance, provide investment advice, financial planning or fund management services related to securities or futures.

The public is advised not to make any investment with companies that are not licensed or approved by the SC. Offers often come in the guise of seemingly attractive investment opportunities or schemes and may also be camouflaged as direct selling or business opportunities.
Please take note that this list is not exhaustive and only serves as a guide to investors. The list will be updated periodically with names removed or added on. The public is advised to also check with other relevant agencies (e.g. Central Bank of Malaysia, Ministry of Domestic Trade and Consumer Affairs, Companies Commission of Malaysia) as to the legitimacy of companies or websites which may not appear or have been removed from this list. - SC.com.my

This list is updated as of 9th May 2008

1. Asset Brokerage Network (www.abn-group.com)
2. ABFund (www.abfund.us)
3. Al-Arabic Fund (www.al-arabic.com)
4. ABB Fund (www.abbfund.com)
5. Artemis Wealth Management
6. Asia Wallet/ASWtrader/Splitindex Inc (www.splitindex.com)
7. AM Global Management (www.nypoe.com)
8. API Mutual LLC (www.apimutual.com)
9. Beneficence International (Group) Company Ltd
10. CSI Garant Funds
11. CSI
12. Credit Suisse Investment
13. BHG e-investment (www.bhg-corp.com)
14. Bidvask Investment Ltd (www.bidvask.com)
15. Buy-e-barrel (www.buyebarrel.com)
16. Brentwood Trust Company (www.brentwoodtrust.com)
17. Boston Asset Management Pte. Ltd.
18. Cambridge Capital Trading
19. Capital Glory Holdings Ltd
20. Cfdventures
21. Colonyinvest
22. Dongyin Futures Brokerage Company Limited
23. Data Saham (www.datasaham.com)
24. Dragon Gold Sdn Bhd / Dr Iain Gray
25. Duit Wayang
26. Dana Futures (www.danafutures.com)
27. Dana Modal (www.angelfire.com/journal2/danamodal)
28. Debenture Petal Trust
29. Eaindex
30. Empay
31. eUK Gold (www.eukgold.com)
32. Eubond.com (www.eubond.com)
33. Eduit2u.com (www.eduit2u.com)
34. E-suisse Fund (www.esuissefund.com)
35. Euro America Index (www.eaindex.com)
36. E-Barrel (www.ebarrel.com)
37. Evergreen Investment Trust (http://www.changrongkonggu.com)
38. Fical (www.fical.net / www.fical.us)
39. FX Capital Consultant (M) Sdn Bhd
39. FX Capital
40. FX Consultant
41. GC Group Asset Management
42. Good Credit Asset Management
43. Goldmill Wagner Ltd / GWA Worldwide (www.goldmillwagner.com)
44. Global Assets (www.globalassets.info)
45. Global Investment Network System (http://ginsystem.com)
46. Hibah Funds
47. Hillinger Newcastle Limited
48. IDFK International Management Inc
49. IDFK Commercial Management
50. IPC Shopping Services Sdn Bhd/Empay (www.ipcshopping.com)
51. Jai Network System Sdn Bhd
52. Lexworth Prestige
53. Maxficient Consultancy Sdn Bhd
54. Mercury Acquisition Associates (www.mercuryacquisitionassociates.com)
55. Montego Finance & Securities Berhad (www.montegofs.official.ws)
56. My Dinar (www.mydinar.net)
57. My Share (www.myshare2u.com)
58. Oregon Invest (www.oregoninvest.com)
59. Ocean Balance Ltd
60. Pure Investor / PIPS (www.pureinvestor.com, www.gopips.com)
61. Prowealth Solutions (www.prowealthsolutions.com)
62. Reges Enterprise Sdn Bhd (www.regesenterprises.com)
63. Remno Club (www.remnoclub.com)
64. Remisier (www.remisier.com)
65. Sunshine Empire (www.sunshine-empire.com)
66. Swiss Mutual Fund (www.swisscash.com, www.swisscash.biz) *(Press Release)
67. Sweden Fund (www.swedenfund.com)
68. Solid Investment (www.solidinvestment.com)
69. Smartcash (www.smartcash.com)
70. Sime Securities (www.simesecurities.net)
71. Starr-Bradley Associates Inc (www.starrbradleyinc.com)
72. Splitindex
73. Tian Ping (www.tianping2u.com)
74. UeBond (www.uebond.com)
75. United Capital Management Inc (www.brentwoodtrust.com)
76. Universe Asset Management Inc / Tony So
77. Ugifund
78. Venturemax International (www.venturemax.com)
79. Win Li Fund (www.winlifund.com)
80. Whitman Pearce & Partners (www.whitmanpearce.com)
81. Ziyaaudhin NYC Agency Sdn Bhd
82. A3 Union (www.a3union.com)
83. 3A Consulting Group Sdn Bhd
84. Monsunbiz / bossmailer
85. 4D - Duduk Diam Dapat Duit
86. Ini bukan skim cepat kaya
87. Mentor Jutawan
88. Forex Autopilot

Rich Dad Vs Poor Dad

Robert Kiyosaki most famous book - Rich Dad Poor Dad described very clear difference between his rich dad and poor dad mindset. The book compares the mindset of Kiyosaki’s father—who held several degrees and an important position in the government, but struggled financially--, with the mindset of his best friend’s father—who never even finished high school but left his son a financial empire. In his book, Kiyosaki explains that the mindset held by each of these two men, his “poor dad” and his “rich dad”, was largely responsible for each man’s financial destiny.

The following quote by T. Harv Eker, author of “Secrets of the Millionaire Mind”, refers to the concept of a rich person’s mindset: “Rich people have a way of thinking that is different from poor and middle class people. They think differently about money, wealth, themselves, other people, and life.” Kiyosaki expounds this same principle in “Rich Dad, Poor Dad”.

Below you will find seven mayor differences between the “poor dad” and the “rich dad” mentality:

1. The “poor dad” mentality states that your wealth depends on your family of origin. That is, to be rich you have to be born rich. “Rich dad” espoused the view that being rich or poor is something that you learn. You can learn to think in ways that will support you, and you can raise your financial IQ by reading books on finance, talking to financially successful people, and attending seminars and lectures. When you have the right belief system and the necessary knowledge on how to create, build, and protect wealth, you will become rich even if you were not born into a wealthy family.

2. “Rich dad” taught Kiyosaki that he should get a job to learn and to acquire the necessary skills so that he could go on to start his own business. “Poor dad” saw his job as his source of income for life. While “rich dad” taught Kiyosaki to strive to become financially independent, “poor dad” taught him to depend on his employer for his financial well being.

3. When faced with an opportunity, “rich dad” would ask himself: “How can I afford this?” This forced his mind to think and to come up with creative solutions to be able to take advantage of the opportunity that had presented itself. Instead, when presented with an opportunity, “poor dad” would dismiss it by saying: “It’s too bad I can’t afford this.”

4. While “poor dad” stressed scholastic education, “rich dad” always stressed financial education.

5. For “rich dad” the main cause of poverty or financial struggle was self-inflicted fear and ignorance. “Poor dad” blamed the economy and the job market. That is, “rich dad” always took responsibility for himself and felt that he created his circumstances, while “poor dad” often felt like a victim of the outside world.

6. As for risk taking, “rich dad” taught Kiyosaki to learn to manage risk. “Poor dad” taught him that when it came to money, risk was something that should be avoided and to always play it safe.

7. “Rich dad” taught Kiyosaki that failing was simply part of the process and that he should learn from his mistakes and move on. “Poor dad” attached great stigma to failure and was therefore afraid of making mistakes.

Study the seven examples above in order to begin to develop a clear concept of the difference between a rich and a poor mindset. You can find out more on how rich people think by reading books such as those found in the “Rich Dad, Poor Dad” series and by talking to people who have succeeded financially.

How To Develop A "Wealth" Mindset

In this article, I’m going to explain to you how to achieve the mindset of wealth. For people who have this mindset, they can create money out of thin air and basically at will. For people lacking this mindset, they won’t enjoy the same level of financial abundance that they possibly could.

Here are the 7 hot tips on how to develop a wealth mindset:

Believe that you deserve wealth. You have to believe that you deserve it. If you don’t believe, you will overlook untold opportunities. If you don’t believe you deserve wealth, you will sabotage your own efforts. If you’re wanting to attract wealth but don’t believe you deserve it, it’s like driving a car pressing both the gas and the brake at the same time. It doesn’t work.

Develop an “opportunity consciousness.” Look around and begin to ask yourself, “How can I add more value? How can I make things faster, easier, quicker, less hassle, more fun for people? How can I make money solving this challenge? What can I do to solve this problem and make money doing it?” The bigger the problem you solve, the more wealth will pour into your life. The more you serve others, the more wealth you will achieve.

Organize your life to matter more to others. The more you make your time and life valuable to others, the more wealth you will have. Period. End of story. Organize your life to matter more. Develop more valuable skills, network more with high achievers, and focus on serving people.

Begin to think in terms of passive income. Develop passive income as soon as possible. Passive income is something you do once and get paid multiple times for it. It’s the real secret of the rich. If you are always selling your time in exchange for money, your income is limited because your time is limited. I cannot emphasize the importance of passive income enough.

Visualize wealth. Visualize yourself making lots of money (or whatever the definition of wealth is for you). Visualize total financial abundance flowing toward you. There really is total abundance. You can tap into it. It’s there for the taking.

Cancel out negative thoughts. Vigilantly guard your mind as to what kind of ideas you put into it. If you put garbage into your mind, you’ll get garbage results. If you have great ideas, you’ll get great results. Monitor your internal dialogue and monitor what other people are saying to you, especially regarding money matters, finances, and wealth. If they’re dead broke, run away as fast as you possibly can. If they’re mega-wealthy, pay attention and hang on their every word!

Think about money as energy. When you pay out or receive money, it’s really a measure of the value of the energy you’re exchanging. If you’re getting $20.00 an hour, you’re saying that the energy you’re putting out to create the value that you’re creating is worth $20.00 an hour. If you want to make more, figure out how to raise your energy that you’re putting out and how to deliver more value to others in the same time.

There you have it my friend. Using these white-hot tips, I’ve been able to double my already substantial income. You can do the same. Wealth doesn’t discriminate. It wants you as much as you want it. Just get out there, use these tips, and attract that total abundance into your life.

You can do it because you are unstoppable!

What is Paradigm Shift?

In 1962, Thomas Kuhn wrote The Structure of Scientific Revolution, and fathered, defined and popularized the concept of "paradigm shift" (p.10). Kuhn argues that scientific advancement is not evolutionary, but rather is a "series of peaceful interludes punctuated by intellectually violent revolutions", and in those revolutions "one conceptual world view is replaced by another".

Think of a Paradigm Shift as a change from one way of thinking to another. It's a revolution, a transformation, a sort of metamorphosis. It just does not happen, but rather it is driven by agents of change.

For example, agriculture changed early primitive society. The primitive Indians existed for centuries roaming the earth constantly hunting and gathering for seasonal foods and water. However, by 2000 B.C., Middle America was a landscape of very small villages, each surrounded by patchy fields of corn and other vegetables.

Agents of change helped create a paradigm-shift moving scientific theory from the Plolemaic system (the earth at the center of the universe) to the Copernican system (the sun at the center of the universe), and moving from Newtonian physics to Relativity and Quantum Physics. Both movements eventually changed the world view. These transformations were gradual as old beliefs were replaced by the new paradigms creating "a new gestalt" (p. 112).

Likewise, the printing press, the making of books and the use of vernacular language inevitable changed the culture of a people and had a direct affect on the scientific revolution. Johann Gutenberg's invention in the 1440's of movable type was an agent of change. Books became readily available, smaller and easier to handle and cheap to purchase. Masses of people acquired direct access to the scriputures. Attitudes began to change as people were relieved from church domination.

Similarly, agents of change are driving a new paradigm shift today. The signs are all around us. For example, the introduction of the personal computer and the internet have impacted both personal and business environments, and is a catalyst for a Paradigm Shift. We are shifting from a mechanistic, manufacturing, industrial society to an organic, service based, information centered society, and increases in technology will continue to impact globally. Change is inevitable. It's the only true constant.

In conclusion, for millions of years we have been evolving and will continue to do so. Change is difficult. Human Beings resist change; however, the process has been set in motion long ago and we will continue to co-create our own experience. Kuhn states that "awareness is prerequisite to all acceptable changes of theory" (p. 67). It all begins in the mind of the person. What we perceive, whether normal or metanormal, conscious or unconscious, are subject to the limitations and distortions produced by our inherited and socially conditional nature. However, we are not restricted by this for we can change. We are moving at an accelerated rate of speed and our state of consciousness is transforming and transcending. Many are awakening as our conscious awareness expands. Moving from one thought system to another!

Where

Evolution is Normal
Change is Constant
Leaders share Vision
Earth is a School House
Science and Spirituality Convene
Children Play
Diversity is Respected
There is No Better Here Than Now
and Love is All There Is.

GET READY TO

LEAP FROM THE PRECIPICE!

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WE ARE NOT HUMAN BEINGS
HAVING A SPIRITUAL EXPERIENCE
WE ARE SPIRITUAL BEINGS
HAVING A HUMAN EXPERIENCE

KNM aborts €20m purchase of Belgium’s Ellimetal

KUALA LUMPUR (TheEdge021208): KNM Group Bhd has terminated plans to buy Belgium-based Ellimetal NV for €20 million (RM91.7 million) after the vendor was unable to fulfil one of the conditions in the master agreement signed in January this year.

“The key objective for KNM in most acquisitions is to acquire the expertise of the target companies. In this case, the owner and the key management team are not staying in the company after KNM’s take over,” a company official told The Edge Financial Daily.

He added that the owner wanted to retire because of old age and the rest of the key personnel were reluctant to continue under a different owner.

Under the agreement signed earlier, Ellimetal managing director Lambert Geerkens was required to continue serving in the same capacity for two years. Similarly identified key personnel needed to sign a minimum of two years service contract with the company from the date of completion of the acquisition.

According to the company official, the valuation of Ellimetal was based on eight times its financial year ending Dec 31, 2008 earnings. There was a net profit guarantee of not less than €2.5 million in FY2008.

This is not the first time KNM scrapped plans to buy companies. In May this year, KNM did not proceed with the purchase of Pisces Engineering Sdn Bhd for RM50 million. Last year, KNM aborted a deal to acquire a 90% equity interest in Virgo Pulse Sdn Bhd for RM27.5 million cash.

However, the company official said KNM would discuss with Ellimetal to enter into a commercial co-operation agreement following the failed acquisition.

At KNM’s analyst briefing last Friday, the company had guided for lower earnings for FY2008 and FY2009 after taking into account a one-off facility fee, the aborted purchase of Ellimetal and delay in capacity expansion plans.

“KNM’s management has revised downwards its earnings guidance for FY2008 net profit to RM400 million from RM430 million previously and FY2009 net profit to RM650 million from RM700 million,” OSK Investment said in its note.

The company said FY2008 earnings were revised downwards due to the one-off facility fee on its Maybank loan while FY2009 earnings were lowered after removing Ellimetal’s contribution and not taking into account the proposed capacity expansion by an additional 10,000 tonnes capacity at its Canada plant.

The proposed capacity expansion at its Canada plant was to cater for oil sands development, which essentially is extraction of oil from sand.

The company official said oil sands were not commercially viable with crude oil price hovering between US$50 to US$60 (RM181.50 to RM217.80) per barrel, hence its decision to put its capacity expansion plan on hold.

“Oil sands development is only viable with oil prices between US$70 and US$80 per barrel. There is now a slowdown in the capex cycle for oil sands projects but so far, no projects are being taken out,” he added.

However, he said KNM was asked to delay production for the oil sands project by its clients by between three to six months with the hope of capturing lower labour costs.

Meanwhile, Aseambankers Research, which downgraded KNM to a hold with a revised target price of RM1.02, has trimmed core net earnings by 1% for FY2009 and 3% for FY2010

Prestasi Kakitangan Awam Kian Merosot

KUALA LUMPUR, 19 Nov (Bernama) -- Anugerah Khidmat Cemerlang tidak perlu lagi diadakan di mana-mana agensi dan jabatan kerajaan jika benar kualiti perkhidmatan penjawat awam kini semakin merosot, kata Presiden Kongres Kesatuan Pekerja-pekerja Dalam Perkhidmatan Awam (Cuepacs) Omar Osman.

Beliau berkata anugerah yang diadakan setiap tahun itu menunjukkan kakitangan awam menjalankan tugas dengan penuh dedikasi sehingga melayakkan mereka menerima anugerah.

"Setiap jabatan menghantar laporan kepada kerajaan. Kita lihat laporan prestasi adalah baik dan cemerlang. Tetapi kalau benar-benar merosot, tidak perlu adakan anugerah khidmat cemerlang," katanya ketika dihubungi Bernama di sini, Rabu.

Semalam Ketua Pengarah Perkhidmatan Awam Tan Sri Ismail Adam berkata kualiti perkhidmatan awam kian merosot kerana Biro Pengaduan Awam Jabatan Perkhidmatan Awam menerima 6,059 aduan orang ramai yang tidak berpuas hati dengan mutu perkhidmatan awam, sehingga September lepas.

Pada tahun lepas biro itu menerima 5,347 aduan, tahun 2006 (3,397 aduan), manakala 2,707 aduan dilapor pada tahun 2005 dan ia dijangka terus meningkat menjelang akhir tahun ini.

Antara aduan yang sering dikemuka ialah kelewatan, tiada tindakan oleh pegawai, keputusan yang dianggap tidak adil, perkhidmatan tidak berkualiti, salah guna kuasa, penyelewengan, salah laku dan kegagalan penguatkuasaan.

Omar berkata beliau juga mahukan laporan terperinci mengenai aduan itu sama ada ia mewakili semua jabatan dan agensi kerajaan atau melibatkan kumpulan tertentu sahaja dalam perkhidmatan awam.

"Kalau betul merosot, kena lapor secara terperinci. Ini perlu dimaklumkan juga kepada pekerja supaya mereka boleh memperbaiki diri," katanya.

Sehubungan itu Omar meminta jabatan kerajaan menganjurkan seminar, perjumpaan bulanan dan mengarahkan pekerja patuh kepada akur janji yang dibuat semasa mula berkhidmat.

Beliau berkata kakitangan awam harus membuat perubahan untuk meningkatkan prestasi masing-masing dan sebarang kesulitan atau aduan perlu diselesaikan secepat mungkin.