Monday, December 29, 2008

Signing off 2008 and Welcoming 2009

Christmas came and went. Celebrated a lazy Christmas with a few friends, went shopping for working clothes on Boxing Day and spent the other days lazing around at home watching dramas, reading, surfing net and massive doses of sleeping. Yea, I slept two sessions of 12 hours each uninterrupted.

Basically I was being as lazy as I can.

Went back to office today to work and it was productive. I guess it must have been the silence, no interrupting phonecalls and emails and just peace. I remembered the days in uni when I could absorb my studies by studying in a quiet and empty corner of a library. Perhaps..ahem.. I need my own office to be productive. I wish.

Hit the driving range after work, had a light 50s and walked away satisfied with a series of good bashes.

2009 will roll in quickly. Just 2 days away. I would imagine 2009 will be particularly hectic
year, professional and personally, but without such challenges how will one improve? Bring it on! I am anticipating the coming new year as a measure of time to allow me to restart afresh and hopefully improve myself as better person for time to come.

Wednesday, December 24, 2008

A lazy day pondering what to do...

I've been looking forward to this xmas break since Easter as this is the only other time of the year I can take days off. Suddenly I find myself with nothing to do. Work? I've have alot to do but nah... I need a break. Friends are busy spending time with their love ones, family or out of town.

Today is a sunny, quiet and beautiful Sunday. So I thought maybe I should spend some time writing some words here since I've nothing to do besides work.

I like festive seasons because they make me jolly and of course, they are usually holidays. But the seasons also highlight the disctinction between those who have someone special in their life and/or with family and those who don't. And there are people who don't look forward to festive seasons because they will be alone.

This is my first Christmas Eve that I will be spending without much funfare. In the past it was either clubbing or house session with friends. This year many prefer to spend with their partners or family. Possibly a sign that we are getting older and doing things older people do.

Some have suggested that I need to find a girlfriend but that's easier said than done. I reckon it would be nice to spend time with a partner during times like this. But to get a girlfriend just so that I won't be lonely? No, thanks and I am fine with it.

The pile of books, mags and papers can be my girlfriends. Not to mention the movies and dramas =)


Thursday, December 11, 2008

HUH?

I came across this defination while reading a Trust Deed this morning and can't help but to shout it out here.

What the hell is this?

"Perpetuity Period" means the period ending the earlier of -

a) the day which is 79 years after the Date of Execution; and

b) the day which is 20 years after the death of the last survivor of the lineal descendants of his late Majesty King George VI living at the date of execution.

or such longer period (if any) as may be allowed under the law applicable to the Deed.

What happens if the Royal Family changes or in the event Australia turns Republican? Will the Trust Deed be deemed invalid?

My answer would be that this particular Deed will need an amendment (and possibly override the original governing rules) if the above happens. Lawyers...you gotta beware of what they write at times....

Wednesday, December 10, 2008

I can survive an economic depression!




You Are 67% Likely to Survive Another Great Depression



Even though you may not be expecting the worst, you're the type of person who prepares for the worst.

You live a relatively modest life. You don't overspend, and you aren't very materialistic.



You are also quite self sufficient and independent. You have many useful skills.

You can take care of yourself and those you love... which is crucial to surviving another Great Depression.

I am Austin




You Are Austin



A little bit country, a little bit rock and roll.

You're totally weird and very proud of it.

Artistic and freaky, you still seem to fit in... in your own strange way.



Famous Austin residents: Lance Armstrong, Sandra Bullock, Andy Roddick

Tuesday, December 9, 2008

The Burst of Energy

She really amazes me every morning as I do my dailyTwitter check. Based on the time she posts her regular cheerful morning burst of greeting to everyone on her Twitter list, she must wake up really early to be able to do her exercise which she calls it "trimming of female fat" and then fire her first round of Twittering. Yet despite the exercise and early morning get up she still has so much energy on the go.

Not to mention her updates later in the day which are on the similar wavelenght.

I wish I've as much energy as this young cheerful English girl who is a Melbourne-based social networking consultant. I reckon if I have half of her energy I would be able to do substatntial quality and productive tasks that would likely to leave me satisfied at the end of the day instead of thinking of all the To-Dos that I should do tomorrow while chilling out infront of the computer because I am physically exhausted after a long day. Most of the time I do my work at home is because of the deadlines and performance appraisals. Duh....

There are several outstanding projects and housekeeping work that involve quite a bit of pen , paper and brain pushing but I wonder when will I start pushing. And I hate the administrative paperworks. But I've no doubt if I have those burst of energy like that English girl I wouldn't be pushing but Karate my way through....

I want the energyyyyy.......

Who has the Green Bull?


Monday, December 8, 2008

Took the other path

I didn't really care when I first got into my current job more than a year ago when I was asked which professional qualifications, CPA or CA, do I prefer? CPA was the answer because I'd to give an answer and the reason I gave was that I was more exposed to the CPA program through the many promotions on TV and mini roadshows.

I thought who cares whether one is a CA or CPA, they are all the same. Don't tell me that they each have a better way of doing debits and credits.

More than a year later I'd already completed two CPA subjects but I am not continuing the program next year as I've decided and enrolled into the CA program. It took about two months to formalise this decision after realising that by taking this path, albeith more expensive and apparently harder, would likely to bear me some positive fruits in the future.

During the two months, the intensity of realisation of the standing of CPA and CA in the employment market was pretty overwhelming, especially in the public practice field where CA is usually the first preferred choice. Although I know that some public firms do take in CPAs but they do it discretely. Almost all of the reputable firms call themselves chartered firms and always emphasis the support they provide for CA program and their preference for CAs.

I was pretty shocked when I found out that 100% of the listed companies are audited by chartered firms only.

I wouldn't really care if want to be in the commercial field which is dominated by CPAs but I guess I've found my passion in public practice, building my own fees and the different variety of jobs available, and that's how I formulated the decision to take the CA program mainly to capitalise on the Institute's reputation in the country and overseas.

Another attractive benefit I was drawn into is the mutual recognition of the CA program by the top accounting bodies in the world without having to do a conversion course if I want to practice overseas.

In other words I took this path solely to benefit myself as much as possible. I certainly do not want to be overlooked if I wanted to be headhunted just because I am 'perceived' to be a second tier quality accountant.

I've a huge respect for CPAs and my previous manager and supervisor are both CPAs and I had a great time working with them. All my floor staff colleagues are CPAs or doing the CPA program. I kept quiet about my switching except for the management and my former manager as I do not want my colleagues to feel that I am becoming a snob for abandoning the CPA program halfway.

But I understand that I will have to tell them all eventually, when I find the right time but this plan was shelved today when a partner, a CA, asked about my switching infront of my colleagues quite loudly. He asked why did I switch? I was pretty dumbfounded as I didn't want to offend my CPA colleagues and so I gave vague answers. My colleagues kept quiet and pretended nothing happened.

No matter what, I've made the decision and will not turn back. It will be a rough and tough journey ahead but I am determined to pull it through and sacrifice if I've to because I see this as a worthwhile quality investment.

Wednesday, December 3, 2008

A rollover or a restart?

In less than a month we will leave 2008 behind forever and start a brand new year of 2009. Traditionally for many people a new year means a new start, a restart, reborn or reboot or whatever is your term for starting a new. It is just convenient to have this mark of time to start everything a new with a new period.

In doing so we often see new year's resolutions being drawn up as a guide but yet many fail to follow what they have set and before mid-year hits - what resolutions? Old habits die hard and at the end of the day we are still very much the same person ex-material sense. So in the end it wasn't much of a restart but a rollover with some minor tweakings.

In less than a month will be in 2009 but I bet the world wouldn't be greeting it with much enthusiam and optimism as economic experts have pronouced 2009 will bear the real brunts of the global financial fallout. Life is full of challenges and 2009 will just be another passage of time with a higher level of challenges that we have to overcome.

It can't be denied that the economic challenges were created by excessive capitalism on-the-run and now we are tasting the bitter medicine of which time is the best antidote to resolve the problems. But how long we need to go through the pain will largely depend on our resolve to defeat the problems together.

In short we can avoid the extension of a recession if we can just make one simple new year resolution in 2009 - stay optimistic and each of us spend a little on our indulgence to help kickstart or continue to oil the economic gears if you and I want a better economic future.

Sunday, November 9, 2008

The Courage

We never escape from the thought on how successful people became successful. Is it because they are smarter? Is it because they are hardworking?

Such questions will always be asked time again and again. The 'success' here refers to being extraordinary successful, ala Bill Gates, Warren Buffet, Barrack Obama, Li Ka-shing and others.

Anyone with a tinge of ambition would look up at successful people in their field as their role model - in business, science, politics, social work, medicine, entertainment and others.

Again we ask how did they do it? Many would answer it was being at the right place, at the right time and with the right opportunity. So without those complementary factors, one yearning for success wouldn't find one?

In other words, luck plays a role if we believe that success is dependant on those three factors. In a way is like playing jackpot, trying to hit the right spots in one go.

Because of this, some just dream about what they desire to be or to have but resign to the fact that this is the reality - luck is king. No luck then nothing. But is it so?

I think in most cases these successful people created the story themselves in which they believe in so strongly. They created the time, place and opportunity because having those three factors mean nothing if one doesn't capitalise them.

Like you and me, many of them were just ordinary people and also yearned for success in the beginning but the distinguishing factor was they didn't just yearn for it but made it a reality. We like to believe that luck plays the biggest role because it is easy to blame on when things don't work our way. How convenient.

Some people are genuinely born smart but for people like us we have more to do and it is definately not the end of the journey.

When one has nothing, you have nothing to lose and the way out to break away from whatever is your predicament is to have the courage and be bold to get out of the invisible box. And since it is invisible, there isn't a box in the first place. The box is created by you.

Never give up trying just as Thomas Edison reminded us that he wasn't a born genius and yet tried countless times to invent the lightbulb.

As long as we have the right attitude, ability to think outside the box and the determination, we can invent our own lightbulb. The question is do you have the courage to do so?

Wednesday, November 5, 2008

Yes we can

Transcript of Barack Obama's victory speech in Chicago:

Hello, Chicago.

If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy, tonight is your answer.

It's the answer told by lines that stretched around schools and churches in numbers this nation has never seen, by people who waited three hours and four hours, many for the first time in their lives, because they believed that this time must be different, that their voices could be that difference.

It's the answer spoken by young and old, rich and poor, Democrat and Republican, black, white, Hispanic, Asian, Native American, gay, straight, disabled and not disabled. Americans who sent a message to the world that we have never been just a collection of individuals or a collection of red states and blue states.

We are, and always will be, the United States of America.

It's the answer that led those who've been told for so long by so many to be cynical and fearful and doubtful about what we can achieve to put their hands on the arc of history and bend it once more toward the hope of a better day.

It's been a long time coming, but tonight, because of what we did on this date in this election at this defining moment change has come to America.

A little bit earlier this evening, I received an extraordinarily gracious call from Sen. McCain.

Sen. McCain fought long and hard in this campaign. And he's fought even longer and harder for the country that he loves. He has endured sacrifices for America that most of us cannot begin to imagine. We are better off for the service rendered by this brave and selfless leader.

I congratulate him; I congratulate Gov. Palin for all that they've achieved. And I look forward to working with them to renew this nation's promise in the months ahead.

I want to thank my partner in this journey, a man who campaigned from his heart, and spoke for the men and women he grew up with on the streets of Scranton and rode with on the train home to Delaware, the vice president-elect of the United States, Joe Biden.

And I would not be standing here tonight without the unyielding support of my best friend for the last 16 years the rock of our family, the love of my life, the nation's next first lady Michelle Obama.

Sasha and Malia I love you both more than you can imagine. And you have earned the new puppy that's coming with us to the new White House.

And while she's no longer with us, I know my grandmother's watching, along with the family that made me who I am. I miss them tonight. I know that my debt to them is beyond measure.

To my sister Maya, my sister Alma, all my other brothers and sisters, thank you so much for all the support that you've given me. I am grateful to them.

And to my campaign manager, David Plouffe, the unsung hero of this campaign, who built the best -- the best political campaign, I think, in the history of the United States of America.

To my chief strategist David Axelrod who's been a partner with me every step of the way.

To the best campaign team ever assembled in the history of politics you made this happen, and I am forever grateful for what you've sacrificed to get it done.

But above all, I will never forget who this victory truly belongs to. It belongs to you. It belongs to you.

I was never the likeliest candidate for this office. We didn't start with much money or many endorsements. Our campaign was not hatched in the halls of Washington. It began in the backyards of Des Moines and the living rooms of Concord and the front porches of Charleston. It was built by working men and women who dug into what little savings they had to give $5 and $10 and $20 to the cause.

It grew strength from the young people who rejected the myth of their generation's apathy who left their homes and their families for jobs that offered little pay and less sleep.

It drew strength from the not-so-young people who braved the bitter cold and scorching heat to knock on doors of perfect strangers, and from the millions of Americans who volunteered and organized and proved that more than two centuries later a government of the people, by the people, and for the people has not perished from the Earth.

This is your victory.

And I know you didn't do this just to win an election. And I know you didn't do it for me.

You did it because you understand the enormity of the task that lies ahead. For even as we celebrate tonight, we know the challenges that tomorrow will bring are the greatest of our lifetime -- two wars, a planet in peril, the worst financial crisis in a century.

Even as we stand here tonight, we know there are brave Americans waking up in the deserts of Iraq and the mountains of Afghanistan to risk their lives for us.

There are mothers and fathers who will lie awake after the children fall asleep and wonder how they'll make the mortgage or pay their doctors' bills or save enough for their child's college education.

There's new energy to harness, new jobs to be created, new schools to build, and threats to meet, alliances to repair.

The road ahead will be long. Our climb will be steep. We may not get there in one year or even in one term. But, America, I have never been more hopeful than I am tonight that we will get there.

I promise you, we as a people will get there.

There will be setbacks and false starts. There are many who won't agree with every decision or policy I make as president. And we know the government can't solve every problem.

But I will always be honest with you about the challenges we face. I will listen to you, especially when we disagree. And, above all, I will ask you to join in the work of remaking this nation, the only way it's been done in America for 221 years -- block by block, brick by brick, calloused hand by calloused hand.

What began 21 months ago in the depths of winter cannot end on this autumn night.

This victory alone is not the change we seek. It is only the chance for us to make that change. And that cannot happen if we go back to the way things were.

It can't happen without you, without a new spirit of service, a new spirit of sacrifice.

So let us summon a new spirit of patriotism, of responsibility, where each of us resolves to pitch in and work harder and look after not only ourselves but each other.

Let us remember that, if this financial crisis taught us anything, it's that we cannot have a thriving Wall Street while Main Street suffers.

In this country, we rise or fall as one nation, as one people. Let's resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long.

Let's remember that it was a man from this state who first carried the banner of the Republican Party to the White House, a party founded on the values of self-reliance and individual liberty and national unity.

Those are values that we all share. And while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress.

As Lincoln said to a nation far more divided than ours, we are not enemies but friends. Though passion may have strained, it must not break our bonds of affection.

And to those Americans whose support I have yet to earn, I may not have won your vote tonight, but I hear your voices. I need your help. And I will be your president, too.

And to all those watching tonight from beyond our shores, from parliaments and palaces, to those who are huddled around radios in the forgotten corners of the world, our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand.

To those -- to those who would tear the world down: We will defeat you. To those who seek peace and security: We support you. And to all those who have wondered if America's beacon still burns as bright: Tonight we proved once more that the true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity and unyielding hope.

That's the true genius of America: that America can change. Our union can be perfected. What we've already achieved gives us hope for what we can and must achieve tomorrow.

This election had many firsts and many stories that will be told for generations. But one that's on my mind tonight's about a woman who cast her ballot in Atlanta. She's a lot like the millions of others who stood in line to make their voice heard in this election except for one thing: Ann Nixon Cooper is 106 years old.

She was born just a generation past slavery; a time when there were no cars on the road or planes in the sky; when someone like her couldn't vote for two reasons -- because she was a woman and because of the color of her skin.

And tonight, I think about all that she's seen throughout her century in America -- the heartache and the hope; the struggle and the progress; the times we were told that we can't, and the people who pressed on with that American creed: Yes we can.

At a time when women's voices were silenced and their hopes dismissed, she lived to see them stand up and speak out and reach for the ballot. Yes we can.

When there was despair in the dust bowl and depression across the land, she saw a nation conquer fear itself with a New Deal, new jobs, a new sense of common purpose. Yes we can.

When the bombs fell on our harbor and tyranny threatened the world, she was there to witness a generation rise to greatness and a democracy was saved. Yes we can.

She was there for the buses in Montgomery, the hoses in Birmingham, a bridge in Selma, and a preacher from Atlanta who told a people that "We Shall Overcome." Yes we can.

A man touched down on the moon, a wall came down in Berlin, a world was connected by our own science and imagination.

And this year, in this election, she touched her finger to a screen, and cast her vote, because after 106 years in America, through the best of times and the darkest of hours, she knows how America can change.

Yes we can.

America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves -- if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made?

This is our chance to answer that call. This is our moment.

This is our time, to put our people back to work and open doors of opportunity for our kids; to restore prosperity and promote the cause of peace; to reclaim the American dream and reaffirm that fundamental truth, that, out of many, we are one; that while we breathe, we hope. And where we are met with cynicism and doubts and those who tell us that we can't, we will respond with that timeless creed that sums up the spirit of a people: Yes, we can.

Thank you. God bless you. And may God bless the United States of America.

Tuesday, November 4, 2008

For dream and with dream, therefore I am.

If without dreams I wouldn't be here as what I am today.

I wonder what will I become if I lead a life without dreams?

Without dreams, can I reach this far? Without dreams, what can we do? Without dreams, what will be of us? Without a dream, I fear for without one.

Dreams are the fuel cells for the journey life. Without them we will be stagnant and mere meat and bones without purpose of our existence in this realm.

We eat, we drink, we sleep, we fight, we love, we care, we grow, we die - what are we for in this world?

Because of dreams.

Because of dreams I fight, I suffer, I love, I care, I eat, I drink, and I grow - all for my dreams but why must I fight, I suffer, I love, I care, I eat, I drink, and I grow for my dreams?

Because to live my dream I will be happy. Because of dreams we seek joy and happiness.

Because of dreams.

Everyone has a dream be it tomorrow's meal, your true love, your career, your wealth, your dream car and whatever you desire is a dream

For dream and with dream, therefore I am.

Thursday, October 30, 2008

My writing journey

I was pretty reluctant to write this post but a friend recently suggested that if I want to be understood more clearly then of course I've to be clear to others about myself and what I think.

Over the years I lost my ability to express myself in a more personal fashion and geared towards being opaque in my personal postings to the point that even Robert Langdon cannot decipher. Or to quote Shanice, "too cangih".

My background in blogging/writting was rooted in writing economic and political commentaries/articles in Blog City where I first started writing in 2003. I don't think it was even a blog but more of a net-based current affairs column with the exception that readers can comment and the added intereaction.

I was active in writting back then dishing out my comments and analyses on a regular basis. Each post took me an average of six hours to write and often forgetting about meals in the process. It was a very holistic exercise for me as I really do enjoy writing on current affairs. My activeness peaked when one of my commentaries was published by The Star under my usual pen-name, Benkaiser.

Over time I earned a small base of readers who would give serious and constructive feedbacks.

In hindsight I find it pretty amazing because a couple of posts discussing the possibilities of the future are realities today. One of it was about Air Asia which back then was a major minor peanut in the commercial aviation sector. I wrote about its prospect of surviving in the domestic market and it needs to branch out to regional destinations to survive the onslaught of competitors from Singapore to Thailand.

The wow-part for me was that the strategies I suggested on what Air Asia could do in the regional market is almost an mirror image when it first started venturing out of the borders.

Another wow post for me was about Penang, titled "Reinventing Penang" in which I wrote about the future of the state moving away from manufacturing and increase its reliance on service sectors. This was way back then when both the federal and state governments were comfortable being in that static position of relying Motorola, Intel, Seagate and other manufacturing giants.

Years later, the federal government launched the Northern Corridor project and now the current state government embarking on service-delivery improvements initiatives, which are so crucial to the northern jewel state. Many of these developments are like echoes of what I proposed.

By now, some of you may think I am boasting myself but I am just writing what I feel. That is all.

Moving on I closed down Blog City due to other commitments and moved on to Xanga where I started personal blogging. I found it fun writing about the going-ons of my life and friends in college which most of time I tend to dramatize but keeping to the facts. In a way it was like writing parodies or in the context of a novel. This was when I'd alot of creative licences.

But somehow over time, with the intrusion of personal problems and issues, those creative licences were slowly banned one by one after I migrated to Blogspot. My writing became vague, shorter, irregular and sometimes pure no-brainers. Without realising I actually lost my ability to write about myself, my life.

I was still going strong in serious writing but mostly confined to academic subjects with a lot of focus on hard finance. Slowly but surely my blog became a pariah to many, if not all readers having no idea what I was writing about.

Fast forward to present I started writing more again but mostly work-based. Recently I became a de-facto chief of information and research who is responsible for managing and publishing all the writings for the firm's e-newsletter. It is like being a magazine editor and so I've to do alot of solid research on taxation, accounting, economics, business, politics and other related topics as the articles are targeted at clients and general readers.

I am happy to take the role as way before I joined workforce I entertained the thought of joining business publications like BRW as a business writer or back to university and do a PhD so that I can become a full time researcher and get my research papers published in journals.

This is my journey in writing thus far and if given the chance to have those creative licences back I would be more than happy to have them again so that you-know-who-you-are won't complain so much :p

PS: I've a lil weird liking for writing legal/charter codes like those stuff in the legislation books.

Monday, October 27, 2008

Taking the calculated risk

By now many would have felt the chill from the fast slowing real economy and probably started cutting down unecessary expenses and draft a whole new budget much tighter than before.

The combination of value whitewash in the stockmarkets and job security is a daily worry. Even the central bankers do not know what will happen tomorrow, so what more for the laymen?

Over some round of beers and already counting down towards Christmas my friends and I were planning our annual Kris Kringle - the main highlight was that we have decided to cut down the maximum value of each present, limiting it to $10 this year compared to $15 in the previous year.

It is not so much of the presents but the process of guessing who bought you the present counts, but still money counts anyway. For some of us the 1997 Asian Financial Crisis wasn't a too distant memory. It is still pretty fresh in my head.

Instead of guarding the purse zealously I've gone the other way instead when almost everyone is spelling property as D I R T Y. Due to some pressure I've to commit into this heavy landed transaction but only after some intense negotiation over the titles.

No doubt it will be a big blow to my purse and this is when financial planning really kicks in - draft up a comprehensive budget and stick to it like your life jacket for which failing to do so can cause some real financial pain. And it is really painful......

Oh well, real life economic 101 lesson came abit too early for me. The principle of allocation of scare resources is oiled up and working its gears. In other words I bought the opportunity cost.

But I believe that if the plan is well drawn out and executed then it shouldn't be a problem :-)

Thursday, October 23, 2008

Current mood: ........


Borrowing from Tokyotimes.org here is how I am feeling at the moment - crunched


Me-Crunched

I just discovered myself to be a listed share in this market, Life Market 6.6 Million Index, albeit one with high beta, probably above 2 which means I am pretty risky.

There was a huge potential for capital growth but also a deep hole for a massive loss on the other hand.

I am able to chart the course of my life which could rival the major world indices. This stock was quite resilient and even managed to defy the gravity of the credit-crunch crisis until ....yesterday.

While the current market turmoil is a result of the credit crisis which in turned was caused by the housing bubble, incidentally I am being affected by..well.. property.

The impact is so great that I have halt dividends payout because future earnings per share growth is close to nil. Price/book ratio took a hit as well and its now almost at 1:1 and possibly fall lower.

In summary - Performance Outlook for Benkaiser Share: Low
Recommendation: Sell

P.S: Because I am high risk the return will also be high if you decide to invest or speculate in me.

Sunday, October 19, 2008

Just a little update

There's nothing much about to write as it has just been work, research and sleep. Yea the usual routine. I am just dropping by after having finished an article for my senior partner.

Anyway I was asked by someone to blog and so I now oblige to satisfy that person's craving for my bland and technical posts that seem pretty sexy to that person. For this I've a little comment on the current financial turmoil:

"The whole process is a negative feedback loop and the cycle continues (downturn to recession) until the equation is reestablished at the lower stratum from which the recovery process (economic recovery) will begin...."

It is not exactly right that I don't have anything else to write besides the finacial market but at the moment I am racing against time to complete a range of outstanding tasks. But I reckon there will be more posts after next week.

Friday, October 3, 2008

Gaining Momentum

It has been a week since I submitted my proposal to the management in response to their call to employees to provide ideas for practice management improvement. The feedback was pretty overwhelming.

The senior partners liked the idea and gave the greenlight for me to lead and implement the plan, which could be quite revolutionary in practice management.

On that afternoon I received a letter from the management - it was a surprise to me as I didn't expect it at all. But I guess it was like a reward for my participation.

Taking baby steps the plan is slowing being implemented and so far things are going well based on the latest feedbacks.

I guess when you see an opportunity and with good ideas, don't hesitate to speak up and if possible, do it. You will never know if you don't ever try.

Friday, September 26, 2008

Writing my story

Despite my busy schedule I took time off to write a rather light-hearted and casual proposal for the firm's management which I thought at first would be relatively quick to write but the 2 page piece took almost an hour and a half. The time otherwise would have been spent on my superannuation readings.

On Wednesday a professor from University of Western Australia came to present the result of a survey of the firm which was pretty good but still contain room for improvements.The whole firm attended the presentation and not a soul was on the floor beyond the conference room - a sign of a serious issue.

At the end of it the management encouraged employees from all levels to speak up about the result and how we can improve further in the coming weekly Friday meeting which I've no doubt that the speaking will come from the upper level staff only, as usual. They always dominate the scene which is of course understandable given their level.

I only speak up when absolutely necessary.

Since the start of the financial year I sensed that the management is attempting a steady reform, from culture to work performance, and they are getting uneasy about middle to lower level staff keeping quiet all the time when they want feedback from us.

Well this time I am going on board as I've formulated my opinion strong enough to put it on table despite my written proposal is just a casual 2 page piece, which I deliberately made it so. This will be my stick to test the depth of the water, metaphorically speaking.

My plan is to email everyone my proposal tomorrow, setting an agenda for the weekly meeting and see how it goes.

After slightly more than a year in the firm, I am ready to write my own story.

Wednesday, September 24, 2008

Derailed

As I've mentioned before over the past 3 weeks that the public transport crisis in metropolitan Melbourne could topple the current Labor state government in the next election if the problem is prolonged without any form solid solution in sight.

The opening of this week saw the Flinders Station dangerously packed with evening peak-hour commuters due to the rain. Connex, of course, blamed the weather for the train delays and consequently the packed platforms.

Transport Minister Lynne Kosky, currently on leave, continues to receive backlash from commuters. I am pretty sure she is currently one of the most unpopular minister in the cabinet.

From The Age today:

Catch our trains' say frustrated commuters


'Angry commuters have challenged the head of Connex and Public Transport Minister Lynne Kosky to take a ride on Melbourne's overcrowded and "dangerous" train network.

- Kosky challenged to 'take a ride'
- Flinders Street station 'dangerous'
- 'Sea of commuters' block platforms

Frustrated passengers threw down the gauntlet to Connex executive chairman Jonathan Metcalfe and Ms Kosky in emails expressing their fury at crammed train carriages and packed station platforms.

[...]

A Craigieburn line passenger said it was "only a matter of time" before overcrowding at Flinders Street Station caused a death or serious injury.

"The Transport Minister and her colleagues should join the voters of safe Labor seats and catch the 5:36pm to Craigieburn," he wrote.

"She might see that this is a real problem that has a high potential to cause serious injury to children or the elderly or small-framed women who, if pushed in a big crowd, will not have the strength to resist the crowd and will be toppled onto the tracks." '


The metro railway contract currently held by Connex will be up for tender soon and so far Hong Kong's MTR and France's Keolis are bidding for the rights. Personally, I would like to see MTR to run the trains as they are no doubt one of the best railway operators in the world.

Ms. Kosky, you heard us?

Monday, September 22, 2008

Sparrow

I might be biased because I'm Johnnie To's fan but I really must say that his latest film, Sparrow is simply cinematic orgasmic.

It was simply so enjoyable that I was smilling throughout the film. There's the cinematography, the acting, the music, the scenes and of course a rather refreshing story departing away from the usual standard Hong Kong themes.

If you want to be transported to a magical world that is not ancient fantasy or filled with fairies but set in reality then this is the film for you.

I am not going to tell you the story. Find it out yourself, if you are interested.






Saturday, September 20, 2008

Saleable Service

It would have been just another Friday afternoon, casual and taking things easy as we all were anticipating for the weekend.

But it was different this time. I was called in by one of the firm's partner into his office. I thought I was in trouble or something as I rarely work for him. What more could I expect when I was called in.

Did I do something wrong?

To much surprise it wasn't what I've thought. He just wanted to have a chat with me regarding my 'foresight'. He started off by asking me whether have I done any formal work before on future business planning or any of that sort. No I didn't.

The reason he summoned me because of a short story I wrote last Friday during a leadership training session. The coach asked us to write a story, past or future, and the moral of if it that could inspire our colleagues in the workplace to work as a team and advance forward.

While I guess most of the attendees wrote about the past, mostly about certain situations or problems which were then resolved and became lessons for others.

I didn't write about the past and instead I wrote about a scenario of the firm's future standing.

Apparently what I wrote, according to the partner, was future studies or Strategic Foresight as known in the academia. He thought that I might have the potential to turn this foresight into a saleable service, i.e: strategic management consulting.

In the firm he is one of the two senior partners who does consulting/advisory with no underlings, whereas I work for other partners in the compliance section of tax, superannuation and audit.

He said if consulting is what I want to do further down the line then I should start seriously considering the option of picking up the skills now and be involved in discussion groups and networking. He is willing to provide the platform for me.

During the meeting I was pretty stunned as his words were pretty much spot on on what I want to do in the future in the accounting field. I would like to become a consultant one day in addition to my other ambitions in the investment arena, and to a certain degree, politics.

It is also my intention to pick up some knowledge and skills in strategic management accounting next year, albeit nobody knows about it in the firm.

In a way I am delighted that someone is spot on regarding my career aspirations but on the other hand it would be a real challenge because in consulting it is either you make it or just get out.

Who would pay $1000 per hour for lousy advice?

Thursday, September 18, 2008

Carnage

The topic over dinner was all about the current US financial market meltdown and judging from the current flux of mess, it looks more likely to become a global financial meltdown.

In what was supposed to be a dinner of four turned out to be three as one friend just became redundant earlier in the afternoon which naturally spoilt her day and appetite. It seems like the meltdown have hit the shores down under. Even Macquarie wasn't spared - shedded 20% in market value.

The friend was an operation officer in a hedge fund company.

The other two friends are finance academics from Melbourne University and they are not optimistic about the state of affairs. Of course.

"First to go are those from the operations, next are Last In First Out", one of them said, referring that backroom people would always be the first line of cut followed by the professionals who came in late but first to be out. Only the experienced ones will be kept during such times.

Already there are leaks that some of the major Australian financial companies are putting a hold on their graduate recruitment drive next year. In fact those who have been recruited were told that their official intake might be delayed. For how long? don't know.

It would take some time for the whole financial mess to be cleaned up before things start picking up again and this could take at least two years, if not more.

Despite the carnage there is some silver lining. Like I said before, it is always a good time to buy shares during bear market or financial downturn.

Over pasta, fettucini, chicken main and calamari, the three of us agreed that we would all be rich men in the future if we can afford to buy the whole index now, sit on them and wait for a few years.

Perhaps index-tracking ETFs could be an alternative entry.

Only if we could afford.

Monday, September 15, 2008

No escape from the public transport 'crisis'

The Labor Party Carlton Branch meeting this evening was supposed to have the attendance of Victoria Deputy Premier Rob Hulls.

I am certain that almost everyone in the room was expecting him. I was late due to the rain and ran to the meeting to find out that Mr. Hulls cannot make it due an emergency cabinet meeting. Spring Street isn't very far from the Trade Unions Hall in Lygon - so near yet so far.

In my mind I expected questions for Mr. Hulls from the floor to be on the lines of the implications of the recently concluded WA Elections, which the Labor Party lost to the Liberal/National tie-up on Saturday, and of course the Melbourne Metropolitan public transport 'crisis'.

The members in the room I spoke to agreed that the public transport problems have reached a tipping point that could launch an electorate backlash against the Labor Party. While it is understandable that the government cannot resolve the problems overnight but on the public relations front in providing confidence for the people has been rather disastrous. Think MyKyi and Lynne Kosky.

It is not just an issue of people's comfort in using public transport but also the implications for business and investments. Certainly this has affected Melbourne's status as one of the world's most liveable city. If Victoria wants to capitalise on the federal's initiative in turning Australia into a global financial hub then it has got to get its basic infrastruture right.

If it can't solve a public transport problem how can it provide a suitable platform for future investments and economic growth?

Until the people's grouses are subdued the future of Labor Party maintaining its hold in Victoria looks shaky, if not defeatable.

Monday, September 8, 2008

A warning sign for Victorian and Federal Labor

It has been a rather exciting week for Australian politics from coast to coast.

After an internal party coup in NSW, in which the state Labor right faction kicked out Morris Iemma from his premier post, the WA election over the weekend produced a hung parliament.

The voters sent the WA Labor Party a strong message that it did not do well enough despite the state being the current economic superstar of the nation.

Surprisingly the WA Nationals became the kingmaker which is still deciding on which side to join, Labor or Liberal, and form a new state government. It is highly likely that the Nationals would pick the Liberal Party.

On the other side of the federal fence saw The Nationals losing a mid-north coast NSW seat of Lyne to an independent by a significant margin. Down in South Australian seat of Mayo where counting is still going on the Liberals is only razor thin ahead of the Greens despite that former Foreign Minister Alexander Downer held this seat previously.

The swings are a sign of voters' frustrations with both the Labor and Opposition parties in time of economic uncertainties - inflation, high interest rate, job cuts and a fast slowing economy.

Back home in Victoria theres the transport and housing issues in addition to the dark economic clouds. If John Brumby is serious in keeping the state, he should start doing some serious work fixing up the problems, rally the party and move the state forward. He is lucky that the he does not have to hold an election soon.

For sure John would not want to end like WA premier Alan Carpenter - an electorate backlash against a lacklustre and mediocre state government.

Kevin, this goes same for you. Enough of plain-speak rhetorics and its time for some real results for the people to see.

Wednesday, September 3, 2008

It is a bit of an edge

It is the first time in my professional working life that I will be receiving an award of recognition of my skills and knowledge in Australian Taxation.

The mail arrived today at my desk inviting me to attend an award ceremony in two weeks time at a high end hotel in the CBD to receive my scroll.

It certainly made me happy as it can give me a bit of an edge over my peers in the industry. I am not overjoyed about it though because this is just the beginning of a journey of trying my best to stay at the top of the game.

Already I am feeling the pressure - personally and professionally, to continually strive for excellence in my work.

Although I am recognised as being very much up there and I will accept it as a fact but I don't see myself at the very top yet.

I am happy to receive the award but with guarded joy. There are still a lot more rooms for improvement.

Saturday, August 30, 2008

Family wealth doesn't last 3 generations

Family wealth doesn't last 3 generations, a notion that I can only agree subject to conditions because it is a notion that confines within a group of people: East Asians ex-Japan.

Many believe that its a curse of building wealth, the price to pay, and all sort of 'destiny of life' reasons. But they are not the reasons for a family wealth to be gone by the third generation.

The main reason is culture and to be more precise; Confucianism. The basic underlying is that a family wealth should be transferred through the main male lineage and leave the girls out most of the time. Wealth is for the eldest son to take whether he deserves it or not and if the father has a different view and pass it to another son then the eldest son will revolt because the view is already in place that the eldest son should inherit the wealth no matter what. So you can see the potential conflicts over the pennies.

In Japan there are many families whose wealth have been passed on for more than 3 generations and the Japanese are more confucianistic than the Chinese people today. The fact is that a society can subscribe to Confucianism yet cast out the bad or irrelevant parts by today's standards, and also adopt modern or western practice of preserving family wealth through the generations.

The trick is pretty simple actually. Create a trust, put the money into it, governed by a trust deed, controlled by an independent trustee and overseen by the law. This way wealth can be equitably transferred to off springs subject to conditions set in the trust deed. This is why many wealthy families in the west and Japan can last for centuries.

It is only a curse because we refuse to innovate.

Thursday, August 28, 2008

Bluechip Girl: No letting go

I've never thought it would be possible. Never, since she was such a hard nut to crack but over the two years since I knew her I remained loyal to this person for who she is, what she is after, what she stands for, and for just simply being her.

There were many occasions when I would be distracted and communication with her was almost entirely cut off. But she never came off my mind which I still wonder why.

There are many whys but I just don't know why. I've never met in real life and only heard her voice through the phone a couple of times and saw her twice through webcam. The rest was just pure virtual chat communication. In fact I've seen her sister twice for real and I wonder when can I see her for real.

Despite the no-show, I've dreamed of her, yearn for her and sometimes just miss her - someone whom I hardly know for real.

Despite such I am still drawn to her. The feeling is weird and I just don't know how to describe it. Given the chance I would most likely to go head over heels over her, if we are in the same place

But anyway I tried my luck and asked for her hands 'tentatively' and she accepted it with conditions.

Is this real? I am still savoring the moment for the fact that I managed to moved on to her so far.
Yes there are many obstructions but at the very least I can say I am linked to someone who has mesmerized me, so much so that she is just one helluva good bluechip share out there.

No letting go.

Will continue to go on

Since I am so busy I thought whether this blog should continue its existence since after all, updates have been sporadic and far in between.

It is a far cry from the yesteryears when I could blog almost everyday on everything with a good dose of twists and sarcasm. I miss those days when I could dramatize events in my life and stuff I observed.

Pulling in a crowd wasn't a problem back then but that wasn't the my main objective of blogging.
To me blogging is like antidote to surpressed thoughts that otherwise would be difficult to express them out verbally. This is reality where there are parameters that restrict our expression.

This is not something an entirely new phenomenon but just an evolution from the days of pen and paper, AKA diary or journals.

Over the recent years and up to recent times it seems that I've been locked up in a cell called the writer's block. There were so many things to spill out as those years were helluva roller coaster ride for me. But it turned out that I couldn't write it well to express my true feelings and in the end I abandon it altogether save for some irregular, super short and shallow updates.

Although the thought of abandoning the bloggosphere altogether seemed kind of valid but in the end this is where my inner sanctum is. When I can't turn to anyone, the sphere has always been here for me to spill it out.

deranged Generation will go on...

Tuesday, August 5, 2008

Hope she recovers soon

I didn't know how to response when I read the email marked urgent sent by a friend this afternoon. A gal friend has been hospitalized since last night, apparently from meningococcus, which can be life-threatening.

Meningococcus is a form meningitis, and according to wikipedia: Meningococcus is spread through the exchange of saliva and other respiratory secretions during activities like coughing, kissing, and chewing on toys. Though it initially produces with general symptoms like fatigue, it can rapidly progress from fever, headache and neck stiffness to coma and death.

Went off to meet up with a couple of friends at the hospital right after work to visit her but we were denied access because she is in the ICU, and in coma. She can't breathe on her own has to be on life support.

Words spread quickly, to NSW and then Malaysia. Her parents in Malaysia took the next available flight and have arrived not long ago.

Not wanting to let go easily we attempted to go up to the ICU ward but were punctuated by another group of friends who tried their luck to see her but with no avail. Throughout the time in the lobby as we chatted on her condition there were many pauses of uncomfortable silences.

Trying to keep calm was the order although everyone of us felt tensed and worried.

At the moment her conditions are not good.

Taking a cue from Sukah: "phui yean please be strong =( you can get through this "


Thursday, July 17, 2008

Getting back to the basics

A week ago I said the time is ripe for value hunting in the sharemarket but it can be frustrating for many enduring the whiplash like roller coaster ride in the market. What can we say when there are plenty of mess yet to be cleaned up.

For long-term investors bear market is the best time to pick stocks that provide value and good growth that otherwise would not be possible during bull time. Think like a businessman - buy low, sell high. If you think you found have found a bargain then why bother about volatility?

Well that's generally true but in today's complicated web of financial leverage and synthetic transactions, anything can happen. Just flip open the financial pages and you will see the carnage; Fannie Mae, Freddie Mac, IndyMac and back home the range of margin calls and gearings gone bad catalyzing a string of failure for the likes of Lift Capital and Opes Prime.

Many investors are sitting on their hands waiting at the sidelines while the global financial mess sorts itself out, and of course the looming global stagflation which is a bigger mess. I say this is the time that we should get back to the basics and do some strong research picking the most fundamentally sound stocks.

It is a matter of survival of the fittest and the time we are in now is just part of the economic evolutionary process of weeding out the weak ones. It is just like.... life.

Monday, July 7, 2008

Value Buy

I would have posted this earlier if not for physical injuries sustained on an early Saturday morning.

Basically the jizz is, after a meeting with the Macquarie boys on Friday, that its time to go dredge the market for fundamentally sound and value shares.

This view of mine formed 2 to 3 weeks ago has now be affirmed by the big boys and am currently having some stocks in my head that I am ready to plunge into.

Bear market is sales time.

Wednesday, July 2, 2008

Just OK

Just Group (ASX: JST) downgraded its earning forecast by a whopping 10% and following the downgrade its shares shaved 12.6%, to close at $2.78. P/E ratio estimate for 2007 is around 8.8045 and actual current ratio at 1.46.

Can Just Group be THE indicator of an increasingly slowing consumer spending? It's management thinks so. And backing their view is the Westpac-Melbourne Institute Consumer Index which recently released that consumer sentiment dipped 5.6% seasonally adjusted from May to June.

For all we know the inflation fueled razing of consumer sentiment is kicking in as evidenced by the RBA which recently decided to hold its rate. A sign that the series of rates hike are dampening the insatiable consumer demand backed by the current mining boom.

But is it all what it seems? To me, perhaps its just not the drop in consumer sentiment but its labels: Just Jeans and Jays Jays are no longer capturing the market with its repetitive and stale designs that might have been 'cool' a few years ago.

Having been into Jays Jays outlet recently didn't really attract me as its range of designs were pretty much the same as a year ago. Dull, plain and boring. In other words, they are still in iPod generation ONE mode.

Just Group doing Just OK.... to me.

Sunday, June 22, 2008

Early worm catches the worm

A friend of mine in the funds management industry recently told me that its not a good time to buy shares now. Comments in the forums were pretty unforgiving to the stock analysts for having no guts to recommend any good and value stocks.

It is no doubt good to be prudent in uncertain times but in the market any situation provides opportunities, depending on how many managed to find and take it up.

Opportunities to buy and and sell or shorting will evaporate as soon as more and more participants start buying the 'opportunity' found. The trick is to be early in the game. And in this sea of red, somehow someone will be making the money.

So I beg to differ with my friend and I think its a good time to scout for good undervalued stocks. David Merkel, drawing on the advise by Ken Fisher, summarised and simplified my thoughts into the following line:

"If something true is relied upon by many investors, it is not valuable for smart investors. If something false is relied upon by many investors, it is valuable for smart investors to bet against that.”

Well I think the above could be simplified further using the universal proverb:

'Early Bird Catches The Worm'

Do you get it now?

Saturday, June 21, 2008

Nothing short of a full reform - part 2

It has been a hectic week for me leaving me no time to even put a short line but it also gave me a window of opportunity to catch up with the latest political developments in Malaysia especially the first 100-days after the election and Sabah's SAPP move to break ranks from BN.

Although reflecting the past 100 days since March 8th and observing the on-going politicking are certainly interesting which provides a great debating/conversation topic but at the end of the day it is still politics and just will not stop here.

Of course politics are needed to run a country, complement and assist economic development but at the end of the day what did the people received in terms of their wallets and bank accounts as a result from politicians politicking?

Politicians should be the ones to be reformed if Malaysia wants to move forward. Many of the current mindsets of Malaysian politicians belong to the 60s and has no place for them in 21st century.

Despite the opposition winning five states in the federation I have failed to see any of the parties in PR, that can offer strong credibility in building the nation forward other than sloganeering and eloquent speeches. Of course, time and faith must be given to allow them to have a chance in fulfilling their election promises which won over nearly half of the people in the country.

But the reality is that any political parties can draw up feel-good and hell of a promising manifesto. The BN did it in 2004 riding on the back of a so-called 'reformation' agenda which in the end did not materialise and slided backwards instead. People are skeptical and if given the choice of two evils, why not choose the lesser of the two evils?

Most politicians are like chameleons and they have to be as this is the game. While they can play the game all the want, I want to ask them and to know whether they really subscribe to nation-building as their goal or just merely to serve their constituency and survive the elections as they come?

The hint of looking at the larger picture was revealed by the opposition parties in the run-up to the election. Tony Pua and Jeff Ooi mentioned that Members of Parliaments are not just tasked to solving local problems such as drainage which comes under the responsibility of the local councils. For a very long time the majority of Malaysians thought that MPs are just 'lonkang' solvers. At the very least we now have new lawmakers that recognise the larger picture.

100 days after the election is a very short time and the new MPs who promised the people to reveal the details of the larger picture goal is a bit far fetched as they have yet to settle down comfortably in their role as MPs.

Politicians as the forefront 'advocate' of the masses should lead by example. After all they are like the captain of the ship and can you imagine what will happen if the captain is drunk in the rough high seas?

Perhaps all politicians before serving as MPs or intending to should be thoroughly educated in 'serving the people'. For a start in reforming the MPs and assemblymen, they can start studying the philosophies of Han Fei-zi, and hopefully subscribe to it.

Wednesday, June 11, 2008

Nothing short of a full reform - part 1

If anything, as echoed by many recently, the Malaysian government should practice what it preach and lead by example which unfortunately is not the case. Telling people to change their spending habits and expectations in view of the rising impact of the global inflation is of no use if the leaders don't do what they say. Eventually people will change their lifestyle and spending patterns because it is just natural to do so - simple economics, even without government persuasion.

Arthur Shelly, an organizational behavior expert from RMIT University said in the context of a corporation that unless the management believe and practice what they preach the overall organizational culture and practice will not change very much what the management actually desire. Likewise, the same could be said for a country.

Dues of praises should be given to the Penang State government for leading by example which even in the event of an economic downturn, at the very least the people have confidence in the government in riding out of the downturn together. They will know the government is there and doing something to protect them which is what a government should do - love and protect its people. The contrast becomes more prominent when compared to the federal government.

Yearnings for improvements on the current state of political and economic affairs in Malaysia will literally be a no-show unless there is a full comprehensive reform in all spheres. It is time for the country to embark on the real journey of development.

-Watch this space-

Tuesday, June 10, 2008

Ruddy Rudding It

The next time you hear about Kevin Rudd putting yet another 'half baked' proposals, especially on the international front, you can say , "Ruddy Rudding It! (again!)".

While in Japan, he announced setting up an international commission to oversee nuclear proliferation. Just last week he proposed setting up an Asian Union that resembles the EU. Those proposals are noble but there are many good ideas being dished up every week albeit going unnoticed. Even the Malaysian Prime Minister last week tabled a proposal to ban oil speculation to prevent massive fuel hike.

The question is, of course, how practical can the proposals be realised. Kevin's Asian Union idea is too idealistic to be workable in our lifetime. There is too much diversity, political, cultural, ethnic and religious blockades in the region for an EU-type union to work.

I am pretty surprised that Kevin, being a China-expert, can dish out such a proposal as he would very well understand in North-East Asia already there are barriers for China, the Koreas and Japan to come and work together as one. There is too much conflict of interests. Even the idea of getting these countries together to form a Confucian Union, based on their similar cultural values, won't be able to see much light for the next half a century.

With the benefit of doubt, perhaps he is suggesting a framework to work towards that goal for the benefit of the future generation. And if that is the case, I say aye. What Kevin really needs to do and focus now is the economy. Yes, it is the economy and so please rudd your way back home to battle any possible economic downturns. Asian Union or nuclear disarmament won't protect the worth of the dollar we have now.

Monday, June 9, 2008

Unsettling but is there a silver lining?

With elections in many countries looming around the corner and the irresponsible remarks by Israel with plans to attack Iran, it is not too much to say uncertainty is very much in the air. The biggest question is where is the economy heading to? The consensus to that answer is stay out in the sidelines and watch out for the coming 'big' storm.

As the oil price shot to $150 per barrel everyone is feeling the chill that could be even more bitting when the oil price hike trickle down to other prices. But will the hike last?

Without any professional or substantial research, my gut feeling tells me that the oil price will eventually fall as we inch closer to the second half of the year. Things will look better until the end of northern summer. Despite being told many times that this is not the time to get into the stock market but I believe that if you are a long term investor, there are many value stocks now that trade below their fundamentals. But the of course there is this oil price hike looming over many industries that could cut a big chunk of profits away. We return again to the air of uncertainty.

The US credit crunch now looks painfully adolescent to the oil price hike affecting global economies. Nonetheless there are opportunities in the mess if you are willing to venture out of your storm shelter.

Thursday, June 5, 2008

Fruits of a poisoned tree

Although it is a global phenomenon, Malaysians' wallets took a really hard from inflation today. With wages remaining stagnant while the price of daily necessities already at sky high and the latest being petrol effective today, the current inflation trend is morphing a wealth deflation at an unprecedented pace.

I can see the validity of increasing the price of petrol to reflect closer to its market value and an attempt to unwind the already highly distorted economy but to the laymen they couldn't care more than protecting their worth of a dollar earned to exchange for something more but not less. A notion that is valid for the common people after all we all try to maximize our marginal utility, which is recognized as one of the pillar of economics.

Understandably the government does not have much apparatus to tinkle around as this is much of an imported inflation. The cash rebate is necessary but it is a flawed one from the very start. A maximum rebate of $625 only translates into $1.71 offset per day - by doing the math, this is not very much. In addition, there is the power hike as well and on top of that the already hiked prices of items such as rice, pork, flour, cooking oil and sugar. All of which are daily necessities.

It is not too much for the government to ask the people to change their spending habits and energy use but it doesn't really make sense when budgets are already tight in the first place. How much can one go further with all the cuts? Stop eating? Light the candles?

Another farce is the comparison of petrol prices with non-oil producing countries like Singapore and Thailand when it should actually be compared to oil-producing countries like Saudi Arabia and Venezuela. After all, Malaysia is a net exporter of oil and it got the benchmark wrong.

I have long recognized that Malaysia's economic development is haphazardly ad hoc, responding to problems and crisis when they arise by taking short term flawed and distorted solutions. Not to the discredit the government but its long term economic plan is also on the same basis. All but cheap sweets that will eventually cause economic diabetes.

It is time that Malaysia needs capable economic visionaries and managers to chart the nation's development by liberalizing the economy, remove flawed and outdated polices and embark on a comprehensive tax and social security reform. At the very least the government could provide a better cushion for the people to ride out the rough journey of an imported inflation.

When there is a good system in place with sound risk management polices and practice, we wouldn't have what we have today - to eat the fruits reaped from a poisoned tree.

Monday, June 2, 2008

Is Malaysia still a British Colony?

I find it bewildering. First it was the Hindraf that took its cause to the British Government and now Sabah's Consumer Association of Sabah and Labuan (CASH) is following the Hindu rights group footstep in seriously considering a petition on the illegal immigrants issue to the British Government instead of the Federal Government or the King.

It is understandable that the present Malaysian government is just good at giving lip service, childish politicking and sleeping, but recent events have shown that our Royalty can play a balance and wise role in the country and as such I believe that groups like Hindraf and CASH should take their petition to the King directly like what BERSIH did last year.

How can we be accorded respect by foreign governments when we don't even pay respect to our government and monarch in the first place? Let's take a short break from the negative elements of the government of the day, at the very least it is essential that we should follow the right steps - take the cause to the government and the opposition parties. And if all means failed, sought the King for help, if not Sultans. What if everything fails? - People Power.

While it is true that Malaysia is part of the Commonwealth but we are not a dominion in the club. It is essentially being a 2nd class club member while the former dominions of the British Empire holds first class privileges when it comes to accessing the British Government and Monarch. Who are the dominions? Australia, New Zealand, Canada and some nations in the Pacific and Caribbean, and these countries recognize the British Monarch as their head of state. The citizens of these countries are also accorded citizen rights in the UK with the right to vote and stand for elections. Whereas Malaysians don't enjoy such rights except for visa-free travel and we don't call Queen Elizabeth II as our Agong.

So think. It is time to really stand up on our own. After all, do you think the British Government will intervene? Think. The answer is no. Malaysia is not Myanmar enough for them to be critical of us. It is high time for groups mentioned above to form a confederation of NGOs and demand the inept and myopic government of the day to buck up, shut up its nonsense and comical farce, and do the right and real thing. March 8th showed us that it is possible if the rakyat stands up for themselves.

Rise up people!

Sunday, May 25, 2008

A rose among the thorns

I've been so busy with work and..well..drinking that I've neglected catching up on investment and market updates and development except for grasping the general headlines. What I mean by catching up is getting into the bottom of the subject - understanding the jizz of things and the latest academic or working papers. After all this is where one of my main passion lies.

And so when I did the catching up, I found something 'rosy'. The field of investment is very much a male affair, dominated by men, whether it is from the back to front office. Essentially it is a male world. Even in the investment blogging realm, its just men, men and more men. So it was a very nice respite to see a lady bursting into the investment commentary and blogging field. And also for being pretty and even sexier for having the brains.

An example is Grace Cheng who operates GraceCheng.com: 'a leading New York-based financial website that is a must-read for traders and investors who want high-impact financial news, market information and opinions from traders.'

Not bad for a lady... and she also contributes to SeekingAlpha.com

Check out her bio at SeekingAlpha: Grace Cheng


It is just pleasant to see a pretty young lady standing out in the sea of men :)

Just realised...

...that I actually have a blog! lol. As usual I neglected this blog in a seasonal pattern. No posts during busy period and when I have the time, it is so brief that its not even blogging at all. But what the heck, I write long or short whenever I want.

There are so many things in my mind that I want to spill it out here but just don't seem to have the right moment to write and publish it straight on. Also there were many stuff that happened recently that I would like to share some.

Maybe I am lazy. ....

Okay, I am lazy.

Thursday, April 24, 2008

Guys: Masturbation is good for health::

As reported by the BBC:

Men could reduce their risk of developing prostate cancer through regular masturbation, researchers suggest.


Clear your pipes

Saturday, April 19, 2008

What do you want from us?

No matter what we do, as Chinese or Overseas-Chinese, we are just simply hated for being Chinese.




Click on it for a larger resolution

Thursday, April 17, 2008

Showdown in Melbourne

Talk is cheap, as always. Let the pictures do the talking














































Hail and salute the brave Chinese people of Melbourne!
Zhong Hua Renmin Gongheguo Wan Sui!

Wednesday, April 16, 2008

Support China through Internet


If you're a MSN user, please add (L)CHINA next to your screen name.


Saturday, April 12, 2008

Hire Purchased Fishballs Accounting

I had a dream of fishballs last night. My friends and I were having a hotpot and we 'Hire-Purchased' a bag of 30 fishballs. Since we did not buy it with cash we thought how to account for it?

I took out a journal pad and accounted the hire-purchased fishballs.

Firstly we need to capitalised the 30 fisballs which cost 20 cents per ball.

Dr. Fishball $6

Cr. Unexpired HP Charges $6

Secondly, account for repayments if any. Assume the repayment is $2 per week.

Dr. Unexpired HP Charges $2

Cr. Bank $2

Continuing the repayments will eventually extinguish the fishballs liability when the HP charges balanced out. Fortunately for us, there weren't any interest rates charged, otherwise we would have need a repayment schedule. And to our relief, GST is absent because the balls are food supplies....phew.

After journalising it, we had a fantastical hot pot.

Friday, April 11, 2008

Tibet: The flashpoint for Poem 56?

55 prophecies of the Tui Bei Tu, in the form of poems and pictures, published during the Tang Dynasty came true. It has a total 60 prophecies and this mean 4 more to go.

In poem 56 it said:
'Flyers are not birds, swimmers are not fish,
A war does not depend on soldiers. It's a game of technology.
Millions of miles of deadly smoke, on top a mushroom and at bottom a fountain.
A sight out of people's imagination. Big trouble not solved, but greater trouble arrives.'

An image of 2 soldiers, each standing on a continent. The 2 continents are separated by the ocean. They do not use their hand held weapons. They only spew fire at each other. Two fish jump out of the ocean, and two birds are flying against each other.


So could the current Tibet unrest and worldwide protest against China be the spark for a possible massive 'confrontation'?

Time will tell. But at the moment it seems to be working on its way there.

Wednesday, April 9, 2008

Damm Free-Tibet!

So much of fuck you very much to all Free-Tibet supporters.

Is this how you want to free Tibet? By attacking a disabled girl?








Now she is a hero! Salute!

Wednesday, April 2, 2008

Windstruck

I came out of the office bastardized, struck, dazed, blur, overloaded, spinning, and etc etc... while the city was windstruck after a fierce windstorm that swept the city in the afternoon. It was wet, windy, chilly and getting dark, not too different from the state of mind I was in, though with more optimism.

Actually I'm just stuck with some superannuation transactions which made me frustrated. And on top of that I am exhausted from work and the readings every night. Sleep hasn't been too good, woke up on the wrong side of the bed which gave me a sore neck and shoulder. Still sore.

Received CPA AGM notice. Attend or not to attend? By proxy? don't know, don't care, decide later.

Just too much for now.

More readings to do but I am just mentally exhausted. Oh well, at least tomorrow will be easier, for attending a conference at the convention centre. Perhaps, during a break, I should just walk across the street to Crown Casino and try to pull off a jackpot! Win a poker pot! Strike a roulette! Win a Black Jack! and have a nice cold beer after that....arhhhhh...... purfect!

And I want:

Cigars, babes, fast cars, yacht, more babes, cash, penthouse, more cash, babes, caviars, abalone, more more cash, faster cars, helicopter, private jet, LV, Gucci, Christian Dior, Prada, Mandarina Duck, YSL, Chivas, Johnny Walker, Nescafe, Cheah Yin Fun, Coffee Mate, BMW, Mercedes, Lexus, and more more babes.............!!!!


Yeah, optimism rules! I can do it!!!!

Sleepy me

Some sleepy snapshots of me webcamming with Min who is back in Malaysia for holidays. A respite from chatting with each other during odd hours for being separated by the vast Pacific Ocean. It is almost a day difference between the States and Down Under, but just 3 hours and soon to be 2 hours between Malaysia and here.


Alrite, lets see...


Hmmm.. okay


Yea...

Hmm.......

Okay..... I really need to sleep...

Goodniteee!

Monday, March 31, 2008

Craft the director in me

What do you expect from a bunch of people who grew up and schooled together all the way from kinddies to college on a late Saturday night? You might need to write this down, grab a pen.

You would get a bunch of guys and a girl talking nonsense and acting like retards at a tram stop, right in front of McDonalds, chewing on fries, high from beers, talking nonsense and more acting of retardation.

Well that's at least what you get from my schoolies and me. The combination of D, J, M and I out on a weekend night will usually end up doing something super funky for our self-entertainment but could be super lame and stupid to others.

Of course I don't blame them because this is our culture! We like to play FBIs and SWAT team on the streets despite being 24s and 23s.

But on the other hand, if weren't for being stupid, lame and acting like a complete retard I wouldn't earn a bit of praise, that I have some talents in performing arts. When there is J, an artist and a pretty fierce art critic, praising you for having some creativity talent then you must have something in you.

Hmm.. maybe I should have a second career in the arts afterall I have suspected that I do have some talent in this department or maybe I am just stroking my own ego. Wahahahah whatever!

At least talking nonsense and acting like retards at a tram stop, right in front of McDonalds, chewing on fries, high from beers, talking nonsense and more acting of retardation is fun! :p
 
log analysis