Islam prohibited interest charges, so do christian's bible. Malaysia has most vibrant Islamic finance, often supported by non-muslim community, despite western country accepted interest as part of modern finance. High interest rate charge by loan shark or ahlong was prohibited by christian.
photo : Sinchew
However, politician often ignore such offence even it has much more social impact to the Rakyat. As it is less controversial to get media attention. Compare to other Taliban like morale police act.
photo : Sinchew
Things has change with the change of government after 9 May 2018.
photo : Sinchew
This week, Perak police has OPS Vulture to war against loan shark or Ahlong. They have detained worker of printer who print poster for loan shark.Take down poster of loan shark and try to get MCMC to blog telephone number on the poster.
Maybank aggressively marketing it ewallet by acquiring merchant via it vast branch network with great success.
Even in as early as March 2018. The Star already reported a Financial Times survey that Maybank is leading ewallet player in Malaysia.
You may see Maybank QR code at a lot of retail outlet, especially, in smaller town like Ipoh. It is interesting to see whether CIMB's touch & Go, after teaming up with Alipay or Ant Finance. How to play a catch up game.
Unlike all credit card and debit card. Maybank waive all transaction fee to encourage people promoting and using it product. compare to recently launch WeChat Pay announced a charges levy on each transaction recently.
However, user and consumer in Malaysia still lack of interest in cashless society. Thus, you may have merchant but not user nor consumer.
ewallet player in Malaysia loss an opportunity to fire up a Green Packet war during recent Hari Raya, a technic use by China AliPay and Wechat Pay to fight for market share.
It is interesting to seeAliPay and WechatPay will launch an Ang Pau war in Malaysia in coming
Chinese New Year. Maybank, be ready!
In fact, only holding company name Dynamics Colours Limited. Majority of subsidiaries across Malaysia, Vietnam, China's Suzhou have name of Huiye.
According to their website : Their history can be traced back to the late 1980’s when their founders, Mr Yeo Hock Leng and Ms Goh Seok Eng, began blending and selling colour pigments in Singapore. They expanded into Malaysia, specialising in the plastic compounding business with a primary focus on the Malaysian market.
In the mid-1990’s, Mr Yeo Hock Leng and Ms Goh Seok Eng saw the growth opportunities in China and made a decision to expand their operations to China. The operations grew over the years and in June 2001, the company started to undertake indirect export sales to our MNC customers who have production facilities located in the PRC.
Mr Yeo as Executive Chairman and Group Managing Director, is responsible for the general management and strategic development of our Group’s business operations.
Mdm Goh Seok Eng is our Deputy Group Managing Director and Technical Director.She is overall in-charge of technical and product development, procurement and sales matters for the Group.
In September 2005, S.L. Packaging Pte Ltd was acquired. It is principally engaged in the production of heavy duty polyethylene bags primarily for the petrochemical industry. As both S.L. Packaging and the Company are similarly engaged in the business of dealing in resin primaries, there were certain synergistic benefits to the Company through the introduction of S.L. Packaging as part of our Group.
In November 2007, Dynamic Colours Limited was successfully public listed in the main board of Singapore SGX.
In September 2016, the company received the Merit award for the Singapore Corporate Governance awards (Mid and small cap) and was also the Runner-Up for the Most Transparent Company award at the Singapore Investors’ Choice Awards.
In July 2017, Dynamic Colours Limited won the Best Managed Board Award (Silver) at the Singapore Corporate Awards (Companies with less than $300 million in market capitalisation).
A Gravityz worker hanging freestyle 239m above ground during the preview of Komtar’s newest attraction.
World's highest ropes course opening in Komtar this month
World's highest ropes course known as The Gravityz will open soon at Komtar.
Located at TheTop at Level 65, the ropes course stand at the height of 239m in Penang's tallest building.
Managed by AGC Group Sdn Bhd, The Gravityz is an outdoor adventure platform that features popular sports such as Flying Fox and High Ropes.
Speaking to the media during the press preview on 26 January 2018, Only World Group (OWG) chief executive officer Tan Sri Richard Koh said a total of RM4 million has been invested into The Gravityz project.
He said making safety as a top priority, all the equipment used are top-notch safety equipment imported from Switzerland.
"This latest attraction will provide a different dimension to participants who are looking to experience new challenges at TheTop Komtar", he said.
Also present during the event were Penang Chief Minister Lim Guan Eng, Deputy Chief Minister 1 Datuk Mohd Rashid Hasnon, state exco members Lim Hock Seng, and Tanjong MP Ng Wei Aik.
The Gravityz will officially open this Feb with the hosting of the World's Highest Ropes Course Challenge at Komtar.
There are six obstacle challenges at The Gravityz, namely Confidence Path, High Bench, A Great Bridge, X Point, Z Wire and G Rocky and they are bound to give participants adrenaline-filled moments as well as spectacular views of Penang.
Gravityz operations director Henry Wong said it would take about 30 minutes to complete the course.The wind can be quite strong at times but everyone will always be safe because of the many safety measures in place.
Should anyone find that heady altitude too much to bear, they may choose to step out of the course at any station.
“Participants will be outside the building, walking on narrow platforms and ledges while looking down at the city and traffic under their feet.
Gravityz workers taking an adrenaline-pumping walk along a narrow platform at Level 65 in Komtar, Penang. — ASRI ABDUL GHANI/The Star
“The wind can be quite strong at times but everyone will always be safe because of the many safety measures in place.
“The platforms are designed with obstacles to increase the challenge,” he said during a preview recently.
Wong said there was no age limit but participants would be led by an instructor in groups of six persons that must not exceed 600kg.
Also present at the preview were Chief Minister Lim Guan Eng and Penang Youth and Sports Committee chairman Chong Eng.
Pre-bookings are required and tickets will range from RM199 to RM399 per person.
Priority will be given to MyKad holders from Penang.
The attraction will be open from 10am to 6pm daily.
Today is last trading day for year of Rooster. It's time to adjust your portfolio.
4 Feb 2018 is first day of spring in Solar Chinese Calendar. It deem officially cross into year of dog. Not first day of Chinese New Year as that follow Lunar Chinese Calendar.
Stock Market
1994 : "Super Bull Run" collapse immediately after Chinese New Year when former Finance Minister of Malaysia warned that the stock market of Malaysia become irrational.
2006 : On 7 November 2006 ( year of dog ) – The KLCIpasses the 1,000 mark hurdle, for the first time since 2000. Which one will happen in 2018. 1994 or 2006?
Every stock market player curse Tun Daim for his bad mouth causing the collapse of stock market in 1994, year of dog.
While there is rotational play on selective small cap stock and technology counter on 2017 and it still increasing. I can't say it can be describe as "Super Bull Run". Will there be collapse like what happened in 1994, a year of dog?
As 2017 behave like 1981 and 2005 but not 1993. ( Year of Rooster ). It seem stock market of Malaysia would behave like 1982 or 2006. But not 1994 ( Year of dog ) . Party might end, or there may even be a minor correction, especially those counter that have fundamental support or over value fundamentally, or those counter that only rise once in 12 years. But I doubt there would a be collapse like 1994 ( Year of dog ) . As 2017 behave like 1981 and 2005 but not behave like "Super Bull Run " in 1993. ( All year of Rooster )
Property 1994 : Spill over effect of Super Bull Run of Stock Market causing property price, double, triple or even quadruple compare to 2 years ago, until 1997/98 Asean Financial Crisis. 2006 : No " Super Bull Run" in 2005. Thus, Property price remain slump in 2006. It is in 2007 ( Year of Pig ) that Carmen Chua have to request government to intervene by abolish Real Property Gain Tax ( RPGT ) . As 2017 not a super Bull Run of stock market like what happened in 1993. Thus, there is no spill over effect of profit from stock market to property market like what happened in 1994. Property Market might behave like 2006 in 2018. It would not going up until government intervene. It is in 2007 ( Year of Pig ) that Carmen Chua have to advise government to abolish Real Property Gain Tax ( RPGT ) . But because of government grant her appeal in that year that cause people cannot afford to bought a house in our home country now. Thus, the advise is government should not intervene this round. According to theory of Tao Zhu Gong / Dao Zhu Gong 陶朱公Fan Li 范蠡, Year of Monkey, rooster, dog, Pig, Mouse and Cow should be high property price year and should be a budget surplus year for government. Government should not intervene the economic and should let the demand and supply or invisible hand ( Adam Smith )do the job. Intervention of government on those year would cause property price to a level the cannot afford by people. If government unable to maintain budget surplus on those year. Government might not have budget surplus in the following 6 years. Causing a budget deficit of 12 consecutive year. Theoretically, it is unlikely to have budget surplus when the country in recession when a country have strong growth yet still in budget deficit.
Whereas in the year of Tiger, Rabbit, Dragon, snake, horse, and goat. Government should apply Keynes theory of budget deficit. Commodity In 1982, year of dog, Commodity price collapse. In fact, Malaysia Tin industry collapse on those year. Other like Gold , Silver, Copper also in a long term correction. However, in 2006, another year of dog, Anybody bet on Commodity price like Petroleum, Gold etc gain in the following few years. Would 2018 like what happen in 1982 or 2006? Commodity price, like gold , Silver，Petroleum and copper stand firm at the end of year of Rooster. Thus, it seem unlikely to behave like what happened in 1982, where commodity price Collapse. ( Price move up (1980) collapse at the end of Monkey) Again, commodity might follow the trend in 2006 ( like property expected to also follow 2006, not 1982 ) in stead of 1982 ( Both year of dog ) . Bit Coin "Super Bull Run" may end The biggest "Super Bull Run" in 2017 happen in bit coin in stead of stock market. Thus, "Super Bull Run" might end in year of dog. Be careful. It may come faster and severe than you expected. But don't curse me like you curse Tun Daim if it happen. Politic In 1970, Tunku Abdul Rahman step down as Malaysia first Price Minister and Tun Abdul Razak become second Price Minister. But that is because general election held in year of Rooster (1969 ) and racial riot happened in year of Rooster. 1970 also beginning of New Economy Policy ( NEP ) Malaysia Prime Minister Najib never held General Election in year of Rooster. In 1982, Tun Dr Mahathir first general election after he become Price Minister of Malaysia and Barisan National victory. Unfortunately, This is not Najib first General Election after he come Price Minister. Would Tun Dr Mahathir have luck again in year of dog? It is interesting to see what will transpired. War
Generally, theory of Tao Zhu Gong / Dao Zhu Gong 陶朱公Fan Li 范蠡 use for predict economic cycle in stead of political event. But refugee crisis in middle east similar to what happen in Vietnam 36 years ago. It is better we see what happen in year of dog even it is not involve economic cycle.
Falklands War happened in 1982.
What similarity between Argentina and UK in 1982 and in 2018 are relationship between North Korea and South Korea. No harm to be careful , south Korea.
First day of Spring
Remember to play egg balancing game by try to stand an egg on Lup Chun day. First day of Spring on 4 Feb 2018.
目标价：1.53令吉 最新进展 霹雳州的亚洲区首座动漫影城（MAPS）的营运，将与主题公园权威的OWG（Only World Group）集团控股公司合作管理，以助开发国际市场及开拓更大商机。 霹州发展机构总执行长拿督阿米鲁丁，与OWG集团控股公司创办人兼主席丹斯里许展强，今午在霹州大臣拿督斯里占比里见证下签署经营管理合作协议书，陪同者有霹行政议员拿督查益及霹州秘书拿督斯里阿都普艾。 东南亚最高“彩虹步道” 阿米鲁丁指，OWG集团是亚洲管理主题公园的权威，曾经管理云顶、双威水上乐园、爱化摩沙及光大复兴计划等。 许展强指出，该集团参与光大复兴计划，打造全马最大的室内主题乐园，更在68顶楼兴建东南亚最高的高空走道“彩虹步道”，而光大65楼也将于今年2或3月，迎全世界最高的高空绳网，它有别于其他的高建筑物及桥梁上的冒险活动，光大的绳网将提供更多元的冒险活动，且会有笨猪跳的新设施。 霹大臣占比里希望，通过OWG集团的丰富经验与专业，能够把MAPS推上国际化，吸引更多国内外游客到霹州观光游玩。
Aminuddin (left) and Koh (right) exchanging documents after the signing ceremony. With are Zambry and Industry Investment and Corridor Development Commitee Chairman Datuk Mohd Zahir Abdul Khalid (second from left). The Star
Perak Corp seeks OWG expertise for its Ipoh theme park MAPS to greater height
TO enhance the operations, management, and marketing of the Movie Animation Park Studios (MAPS) in Ipoh, the theme park will be working with the country’s pioneer recreational, and amusement theme park company. Perak Corporation Bhd's subsidiary is in talks with Only World Group Bhd (OWG) for the latter to manager and operate its theme park, Movie Animation Park Studios in Bandar Meru Raya, Ipoh. Perak Corp's 51% owned Animation Theme Park Sdn Bhd (ATP) had entered into a heads of agreement with OWG to negotiate for a potential collaboration for the theme park. ATP is the developer, operator and owner of MAPS, an animation theme park, with more than 40 attractions in six thematic zones. Mentri Besar Datuk Seri Dr Zambry Abd Kadir witnessed the signing ceremony between ATP chairman Datuk Aminuddin Md Desa and OWG founder Tan Sri Richard Koh at his office. In his speech, Aminuddin said the agreement will allow the company to bring in more local and foreign tourists to MAPS.
The head of agreement enables ATP and OWG to explore and negotiate with a view to execute a definitive management services agreement for OWG to manage and operate the theme park.
“We are hoping to see an increase in tourists visiting Ipoh, and in Perak generally. The theme park was opened around the middle of last year, and we will soon be unveiling it’s final zone. So is it timely to promote the park and to bring in more business for the industry,” he said.
Koh, who is dubbed the “King of Malaysian Theme Parks”, said OWG was established in 1973 with the purpose of creating and designing fun centres for families, as well as roller-skating rinks in the country.
He said over the years, the company undertook significant projects such as Resorts World Genting, Universal Studios Singapore, Wet World Waterparks, Sunway Lagoon Resort, and Desa Water Park.
Among the company’s latest accomplishments is TOP@Komtar, the indoor theme park in the iconic Komtar tower in Penang, and the soon-to-open tallest rope course in Malaysia called Gravityz, on the same building’s 65th floor
“We don’t only operate parks, and we have also designed and built them in Malaysia as well as in India, Indonesia and Thailand.
“So when we got the opportunity to collaborate with the Perak government to enhance MAPS, add value to the park, and market the tourist destination, we were overwhelmed,” he added.
Zambry, in his speech, said the agreement would be beneficial for all parties involved.
He said it would be more difficult for MAPS to move forward if it were to work alone.
“We all need to work together to promote Perak, and put MAPS on the world map.
“We are looking at ways to expand the theme park, but that will be explored later,” he added.
photo : Sinchew
photo : Sinchew
photo : Sinchew
photo : Sinchew
Nanyang