I came across today newspaper saying that BNM is projecting headline inflation to average between 2.5% and 3% this year after taking into consideration the possibility of subsidy adjustments in some controlled items.
Despite challenging external conditions marked by the downturn in the United States, Malaysia's economy is still expected to remain resilient this year because of the country's strong fundamentals, diversified export base, and low exposure of local financial institutions to the US subprime market.
Petrol price won't increase at this moment, water and electricty also won't increase at this moment. What a good news. but how can it last long? cut in subsidy will be in a gradual process.
According to Zeti, "the issues of supply contraints such as open more land for food production, enhance better techniques in production and manufacturing could be able to deal with inflation.
Improvements in distribution and warehousing could minimise wastage, reducing cost and eventually inflation. Reducing cost seems is one of the main strategy in every field even apply to every company even our personal life." She said improving efficiency required resources and, more importantly, professional expertise, adding that the Government had allocated funds for this initiative and continued to support human capital development via various training programmes.
Of course, Improving efficiency is also one of the main concern in every aspects. if every party work more efficient, more professional and more productive , then the world won't waste more money on unnecessary cost. In the meanwhile, we can avoid more problems and spend our time more meaningful and worthiness.
I think it applies to everyone's life as well. seems everyone's life is so busy but then should spend it worthiness. INflation?!! dont bother it..well plan your money and time.
Thursday, March 27, 2008
Saturday, March 15, 2008
Travelling the whole world?! is it a dream?
MATTA fair has just started since 14 March 08. I keep searching info if there is any attractive package. hope I can find a good package as i wanted to visit my brother in UK.
In the meanwhile, i also want to take a break.hehehe..maybe just an excuse. I want to travel and explore more.
Travelling ....is it a dream? i wondering how many countries i can visit in my life?
how many people i would met in my life?
but then travelling also need to find a suitable partner. i dont dare backpack or travel alone yet. =p of course money and time also an important consideration.
my dream...wish you are not dream anymore....=) travel the whole world! Step on every corner of the world. hehe..
Anyway, as long as we treasure and enjoy the moment we have gone through in our life..you have been travelling the prettiest place in your life. =)
Enjoy your Journey!
In the meanwhile, i also want to take a break.hehehe..maybe just an excuse. I want to travel and explore more.
Travelling ....is it a dream? i wondering how many countries i can visit in my life?
how many people i would met in my life?
but then travelling also need to find a suitable partner. i dont dare backpack or travel alone yet. =p of course money and time also an important consideration.
my dream...wish you are not dream anymore....=) travel the whole world! Step on every corner of the world. hehe..
Anyway, as long as we treasure and enjoy the moment we have gone through in our life..you have been travelling the prettiest place in your life. =)
Enjoy your Journey!
Saturday, March 1, 2008
COOL Dining Experience!
There is nothing impossible in the world. I was really amazed while i see these pics..share with you all...it is really a unique dining experience.
You can have breakfast, lunch, dinner or cocktail or invite your boss for a meeting while enjoying your meal. 50 meters above ground dining event arranged by a professional event arranger of Benji Fun company. It provides 22 seating complete with Chef, server, musician and you can select your own location without limitation. Guarantee safety with the hoisting crane which can accommodate the whole band of musician, or making an automobile presentation to your customers. This restaurant is in Belgium.
Can you see the pianist ?!! it is really amazing...
You can have breakfast, lunch, dinner or cocktail or invite your boss for a meeting while enjoying your meal. 50 meters above ground dining event arranged by a professional event arranger of Benji Fun company. It provides 22 seating complete with Chef, server, musician and you can select your own location without limitation. Guarantee safety with the hoisting crane which can accommodate the whole band of musician, or making an automobile presentation to your customers. This restaurant is in Belgium.
Can you see the pianist ?!! it is really amazing...
Oil rises towards US$102 on weak dollar
By Alex Lawler
LONDON: Oil rose towards US$102 (RM331.50) a barrel on Feb 28, trading within sight of its record high, as the US dollar sank to a new low and after militant attacks cut supply from Nigeria, Africa's top exporter.
Investors have pumped cash into commodities in recent weeks, betting on signs that the US Federal Reserve will keep cutting rates to prop up the economy. The dollar fell to a record low versus the euro on Thursday.
"The energy complex is a dollar/inflation story as investors have moved into commodities as a hedge against inflation," said Nauman Barakat, senior vice president at Macquarie Futures USA.
"The ever-weakening dollar, upward inflationary pressures and geopolitical tensions are having a greater impact on the market than the fundamentals."
US crude rose US$2.25 to US$101.88 a barrel by 1610 GMT, having hit a record US$102.08 on Wednesday. London Brent crude gained US$1.78 to US$100.05.
US crude is nearing the inflation-adjusted high of US$102.53 hit in 1980, according to data from the International Energy Agency in Paris.
The US dollar dropped to an all-time low versus the euro after US fourth-quarter gross domestic product was revised lower and a report showed a surprisingly big jump in initial weekly jobless claims.
Prices of dollar-denominated commodities tend to rise when the currency weakens.
Also boosting prices, output at Nigeria's Brass River crude stream was cut by 20,000 barrels per day this week due to sabotage on a pipeline, Italian oil firm Agip said. The leak was fixed on Wednesday and output restored.
The setback at Brass River comes on top of about 515,000 bpd of supply shut down in Nigeria.
Expectations that the Organisation of the Petroleum Exporting Countries (Opec) will not raise output at its meeting on March 5 also supported oil, as did winter fuel demand in the United States and Europe.
Opec most likely will decide at next week's meeting to keep its oil output steady, the head of Libya's Opec delegation, Shokri Ghanem, said on Thursday.
Analysts who use past price movements to predict future direction said a move a few dollars higher for US crude, also known as WTI, could lead to further gains.
"With the dollar in freefall, we would be concerned that if WTI rallies above US$102-US$103 it would trigger a further surge towards US$110-US$115," Barclays Capital technical analysts said in a report.
"For the time being, we are hopeful that US$102-US$103 will continue to cap and dip back towards US$99, or even US$97, before a more important test of the upside occurs."
Oil fell early in the session due to bulging fuel stocks in the United States. US crude stocks rose last week for a seventh week, a government report showed on Wednesday.
"In terms of fundamentals, it's hard to justify the ferocity of the market's rally," said Robert Laughlin of MF Global. "The weakness in the US economy is now affecting demand." -- Reuters
LONDON: Oil rose towards US$102 (RM331.50) a barrel on Feb 28, trading within sight of its record high, as the US dollar sank to a new low and after militant attacks cut supply from Nigeria, Africa's top exporter.
Investors have pumped cash into commodities in recent weeks, betting on signs that the US Federal Reserve will keep cutting rates to prop up the economy. The dollar fell to a record low versus the euro on Thursday.
"The energy complex is a dollar/inflation story as investors have moved into commodities as a hedge against inflation," said Nauman Barakat, senior vice president at Macquarie Futures USA.
"The ever-weakening dollar, upward inflationary pressures and geopolitical tensions are having a greater impact on the market than the fundamentals."
US crude rose US$2.25 to US$101.88 a barrel by 1610 GMT, having hit a record US$102.08 on Wednesday. London Brent crude gained US$1.78 to US$100.05.
US crude is nearing the inflation-adjusted high of US$102.53 hit in 1980, according to data from the International Energy Agency in Paris.
The US dollar dropped to an all-time low versus the euro after US fourth-quarter gross domestic product was revised lower and a report showed a surprisingly big jump in initial weekly jobless claims.
Prices of dollar-denominated commodities tend to rise when the currency weakens.
Also boosting prices, output at Nigeria's Brass River crude stream was cut by 20,000 barrels per day this week due to sabotage on a pipeline, Italian oil firm Agip said. The leak was fixed on Wednesday and output restored.
The setback at Brass River comes on top of about 515,000 bpd of supply shut down in Nigeria.
Expectations that the Organisation of the Petroleum Exporting Countries (Opec) will not raise output at its meeting on March 5 also supported oil, as did winter fuel demand in the United States and Europe.
Opec most likely will decide at next week's meeting to keep its oil output steady, the head of Libya's Opec delegation, Shokri Ghanem, said on Thursday.
Analysts who use past price movements to predict future direction said a move a few dollars higher for US crude, also known as WTI, could lead to further gains.
"With the dollar in freefall, we would be concerned that if WTI rallies above US$102-US$103 it would trigger a further surge towards US$110-US$115," Barclays Capital technical analysts said in a report.
"For the time being, we are hopeful that US$102-US$103 will continue to cap and dip back towards US$99, or even US$97, before a more important test of the upside occurs."
Oil fell early in the session due to bulging fuel stocks in the United States. US crude stocks rose last week for a seventh week, a government report showed on Wednesday.
"In terms of fundamentals, it's hard to justify the ferocity of the market's rally," said Robert Laughlin of MF Global. "The weakness in the US economy is now affecting demand." -- Reuters
理財迷思:瞭解銀行操作及利率
一般上，父母都會鼓勵孩子把所獲得的紅包及零用錢儲蓄起來，而銀行就成為其中一個選擇的儲蓄管道。父母在為孩子開設儲蓄戶口的當兒，不妨攜帶孩子參與開戶口、存款以及取款的流程。
既然選擇把錢存入銀行，父母就有必要告訴孩子關于銀行操作和利率的常識。
首先，父母可讓孩子知道銀行的基本操作情形，例如：銀行通過不同年限的存款利息，讓我們把錢存入銀行，銀行籌集到大量的存款后，再把錢借貸給需要用錢的人和企業，同時，向貸款者收取利息。
這是一個看似簡單的轉手買賣，但其實它是一個複雜的過程，因為銀行要考慮到收取利息和發放利息之間的有效關係。即使收取的利息大于發放的利息，銀行還是有風險存在的。為了降低風險，銀行通過各種方式，如期限或年限，讓存戶能在固定的時間內把錢存在戶口里。
也許這樣說，孩子不容易懂，那就給孩子舉個例子吧！比如：銀行一共有100個人存錢，每人存100令吉，那么，銀行可以用來借貸的資金是1萬令吉。正好有個商人來貸款，他需要5000令吉，于是，銀行就把錢借給了他。不久后，100個存戶中，其中60個存戶湊巧要把所存的錢取走，但銀行總共剩下5000令吉，不夠支付60個存戶。在這樣的情況下，銀行將面臨危機。
為了避免這樣的事情發生，銀行才會運用不同年限的存款利息方法，來吸引存戶去長期、定期儲蓄。這樣才能有效的把風險降到最低。
因此，告訴孩子不同的存錢期限，可以得到不同的利息。銀行的操作情況，當然遠不止這么簡單，如果100個人把錢存進銀行，結果沒有人去借貸，那么，銀行必須自己承擔存戶的利息支付，從另一個角度來講，銀行也會面臨倒閉的風險。
所以，銀行一方面在控制固定存款，另一方面又害怕存款借貸不出去，在雙面刃的情況下，銀行就衍生了許多投資產品，把銀行的作業方式多元化。
更深入認識金融體系
此外，也讓孩子知道各個銀行的利率情況。因現在各個銀行的利率都略有不同，如一家銀行的貸款太少，那么他們就開始調低利息，來減少自己的風險；如果貸款很多，銀行又希望刺激存戶把錢存長久一些。
讓孩子知道，銀行的利率，也可分為固定利率及波動利率。所謂固定利率，就是當你選擇了這個利率之后，在存款日到期之前，不管市場利率是上揚或是下降，你的利率水平都不會變動。而波動利率則會跟著市場利率的變動，有上上下下的起伏。
讓孩子瞭解銀行的操作方式及利率，有助于孩子對金融體系更深入的認識，也讓這些知識成為孩子儲蓄的推動力。
既然選擇把錢存入銀行，父母就有必要告訴孩子關于銀行操作和利率的常識。
首先，父母可讓孩子知道銀行的基本操作情形，例如：銀行通過不同年限的存款利息，讓我們把錢存入銀行，銀行籌集到大量的存款后，再把錢借貸給需要用錢的人和企業，同時，向貸款者收取利息。
這是一個看似簡單的轉手買賣，但其實它是一個複雜的過程，因為銀行要考慮到收取利息和發放利息之間的有效關係。即使收取的利息大于發放的利息，銀行還是有風險存在的。為了降低風險，銀行通過各種方式，如期限或年限，讓存戶能在固定的時間內把錢存在戶口里。
也許這樣說，孩子不容易懂，那就給孩子舉個例子吧！比如：銀行一共有100個人存錢，每人存100令吉，那么，銀行可以用來借貸的資金是1萬令吉。正好有個商人來貸款，他需要5000令吉，于是，銀行就把錢借給了他。不久后，100個存戶中，其中60個存戶湊巧要把所存的錢取走，但銀行總共剩下5000令吉，不夠支付60個存戶。在這樣的情況下，銀行將面臨危機。
為了避免這樣的事情發生，銀行才會運用不同年限的存款利息方法，來吸引存戶去長期、定期儲蓄。這樣才能有效的把風險降到最低。
因此，告訴孩子不同的存錢期限，可以得到不同的利息。銀行的操作情況，當然遠不止這么簡單，如果100個人把錢存進銀行，結果沒有人去借貸，那么，銀行必須自己承擔存戶的利息支付，從另一個角度來講，銀行也會面臨倒閉的風險。
所以，銀行一方面在控制固定存款，另一方面又害怕存款借貸不出去，在雙面刃的情況下，銀行就衍生了許多投資產品，把銀行的作業方式多元化。
更深入認識金融體系
此外，也讓孩子知道各個銀行的利率情況。因現在各個銀行的利率都略有不同，如一家銀行的貸款太少，那么他們就開始調低利息，來減少自己的風險；如果貸款很多，銀行又希望刺激存戶把錢存長久一些。
讓孩子知道，銀行的利率，也可分為固定利率及波動利率。所謂固定利率，就是當你選擇了這個利率之后，在存款日到期之前，不管市場利率是上揚或是下降，你的利率水平都不會變動。而波動利率則會跟著市場利率的變動，有上上下下的起伏。
讓孩子瞭解銀行的操作方式及利率，有助于孩子對金融體系更深入的認識，也讓這些知識成為孩子儲蓄的推動力。
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