Published: Tuesday September 21, 2010 MYT 7:58:00 AM
Expert Economic panel says US recession over
WASHINGTON: The longest recession the U.S. has endured since the Great Depression ended in June 2009, a group that dates the beginning and end of recessions declared Monday.
The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Massachusetts, said the recession lasted 18 months. It started in December 2007 and ended in June 2009. Previously the longest post World War II downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months.
Showing posts with label Articles. Show all posts
Showing posts with label Articles. Show all posts
Tuesday, September 21, 2010
Tuesday, June 8, 2010
Don't panic!
Jeannine Aversa, AP Economics Writer, On Monday June 7, 2010, 9:29 pm
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession.
"My best guess is we will have a continued recovery, but it won't feel terrific," Bernanke said.
That's because economic growth won't be robust enough to quickly drive down the unemployment rate, now at 9.7 percent, he said in remarks to the Woodrow Wilson International Center for Scholars, a nonpartisan research group.
The economy grew at a 3 percent pace in the first quarter of this year. That's good growth during normal times. But coming out of such a deep recession, the economy must grow much more strongly to make a dent in the jobless rate.
Fears have grown that the recovery could be derailed if Europe's debt crisis turns into a broader financial contagion, crimping lending in the United States and around the globe. The situation has spooked investors, sending Wall Street into fits of panic.
Bernanke said the Fed is monitoring the European crisis carefully, and he believes European leaders are taking the right steps to deal with the problems.
Asked when the Fed will start raising interest rates, Bernanke quipped "in the future."
The Fed has pledged to hold rates at record lows to nurture the recovery. A growing number of economists now believe the Fed won't start to boost rates until next year given the European crisis and high unemployment.
Bernanke didn't offer new clues about when the Fed would reverse course and start to tighten credit. However, he did say the Fed won't be able to wait until the jobs market is fully healed before it pushed rates up.
The Fed chief's remarks came during a question and answer session Monday night sponsored by the Woodrow Wilson "International Center for Scholars. Reporter Sam Donaldson, who is affiliated with the group, asked most of the questions. A few came from the audience.
Observing the economy, Bernanke said the news so far is "pretty good." Both consumers and companies are spending sufficiently to keep the recovery moving forward. The private sector, he said, is "picking up the baton" as government stimulus, which mainly powered the recovery in its earliest stage, starts to fade.
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession.
"My best guess is we will have a continued recovery, but it won't feel terrific," Bernanke said.
That's because economic growth won't be robust enough to quickly drive down the unemployment rate, now at 9.7 percent, he said in remarks to the Woodrow Wilson International Center for Scholars, a nonpartisan research group.
The economy grew at a 3 percent pace in the first quarter of this year. That's good growth during normal times. But coming out of such a deep recession, the economy must grow much more strongly to make a dent in the jobless rate.
Fears have grown that the recovery could be derailed if Europe's debt crisis turns into a broader financial contagion, crimping lending in the United States and around the globe. The situation has spooked investors, sending Wall Street into fits of panic.
Bernanke said the Fed is monitoring the European crisis carefully, and he believes European leaders are taking the right steps to deal with the problems.
Asked when the Fed will start raising interest rates, Bernanke quipped "in the future."
The Fed has pledged to hold rates at record lows to nurture the recovery. A growing number of economists now believe the Fed won't start to boost rates until next year given the European crisis and high unemployment.
Bernanke didn't offer new clues about when the Fed would reverse course and start to tighten credit. However, he did say the Fed won't be able to wait until the jobs market is fully healed before it pushed rates up.
The Fed chief's remarks came during a question and answer session Monday night sponsored by the Woodrow Wilson "International Center for Scholars. Reporter Sam Donaldson, who is affiliated with the group, asked most of the questions. A few came from the audience.
Observing the economy, Bernanke said the news so far is "pretty good." Both consumers and companies are spending sufficiently to keep the recovery moving forward. The private sector, he said, is "picking up the baton" as government stimulus, which mainly powered the recovery in its earliest stage, starts to fade.
Friday, May 28, 2010
Stocks jumped so why are you still worried..
Stocks Jump ... So Why Are You Still So Worried?
Posted May 27, 2010 11:45am EDT by Aaron Task in Investing
Related: ^DJI, ^GSPC, EEM, FXI, CLF, XLF, AGO
Stocks surged around the world Thursday, with the Dow up about 200 points in recent trading. Big gains beat the alternative, but are providing cold comfort to investors whipsawed by the recent volatility.
"It's scary because there's no liquidity in the market. There's no volume," says James Altucher, managing director of Formula Capital. "Program trading is still manipulating the markets at the open and the close. It's a scary environment to be a short-term trader."
Um...James, if the traders are scared, how do you think the rest of us feel?
Clearly there is plenty to be frightened about these days, including (but not limited to), the following:
A potential collapse of the Euro zone, which would crush European banks and trigger another global "contagion", ala 2008. (For more on why the euro matters, see: No Escape From Europe's Rubble)
Fear of a global slowdown as China tries to cool off its red-hot economy.
Fear the U.S. economy is built on a house of cards, and that the problems in the banking system were merely transferred to the public's (i.e. taxpayers') balance sheet from the banks, which are (still) being manipulated.
Rising geopolitical tension on the Korean Peninsula, as well as civil unrest in Thailand, Greece and Jamaica, among others.
An environmental catastrophe in the Gulf of Mexico; even if BP's "Top Kill" effort proves 100% successful, the Deepwater Horizon disaster will impact the region -- the source of roughly one-third of U.S. seafood -- for decades.
As you'll see in the accompanying video and subsequent segments, Altucher's answer to the above is fairly simple: Yes it's scary, but we've been through worse and there are opportunities for investors who are able to conquer their fears.
Posted May 27, 2010 11:45am EDT by Aaron Task in Investing
Related: ^DJI, ^GSPC, EEM, FXI, CLF, XLF, AGO
Stocks surged around the world Thursday, with the Dow up about 200 points in recent trading. Big gains beat the alternative, but are providing cold comfort to investors whipsawed by the recent volatility.
"It's scary because there's no liquidity in the market. There's no volume," says James Altucher, managing director of Formula Capital. "Program trading is still manipulating the markets at the open and the close. It's a scary environment to be a short-term trader."
Um...James, if the traders are scared, how do you think the rest of us feel?
Clearly there is plenty to be frightened about these days, including (but not limited to), the following:
A potential collapse of the Euro zone, which would crush European banks and trigger another global "contagion", ala 2008. (For more on why the euro matters, see: No Escape From Europe's Rubble)
Fear of a global slowdown as China tries to cool off its red-hot economy.
Fear the U.S. economy is built on a house of cards, and that the problems in the banking system were merely transferred to the public's (i.e. taxpayers') balance sheet from the banks, which are (still) being manipulated.
Rising geopolitical tension on the Korean Peninsula, as well as civil unrest in Thailand, Greece and Jamaica, among others.
An environmental catastrophe in the Gulf of Mexico; even if BP's "Top Kill" effort proves 100% successful, the Deepwater Horizon disaster will impact the region -- the source of roughly one-third of U.S. seafood -- for decades.
As you'll see in the accompanying video and subsequent segments, Altucher's answer to the above is fairly simple: Yes it's scary, but we've been through worse and there are opportunities for investors who are able to conquer their fears.
Tuesday, May 11, 2010
global market UP again Europe debt crisis being solved
Published: Tuesday May 11, 2010 MYT 7:40:00 AM
Updated: Tuesday May 11, 2010 MYT 7:45:34 AM
US, global stocks surge on US$1tril plan to ease European debt crunch
NEW YORK: Stocks rocketed to their biggest gain in a year and bond prices fell Monday after a nearly US$1 trillion plan to contain Europe's debt crisis reassured investors.
The Dow Jones industrial average rose about 405 points to its biggest advance since March 2009. Broader U.S. indexes outpaced the Dow's 3.9 percent rise.
Gains in several European markets topped 9 percent.
The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.54 percent from 3.43 percent late Friday.
The drop in demand for safety holdings like Treasurys signaled that investors are less afraid that Europe's debt problems will endanger a global recovery.
The European Union and the International Monetary Fund agreed to create a nearly $1 trillion rescue fund to support European nations burdened by heavy debt.
Updated: Tuesday May 11, 2010 MYT 7:45:34 AM
US, global stocks surge on US$1tril plan to ease European debt crunch
NEW YORK: Stocks rocketed to their biggest gain in a year and bond prices fell Monday after a nearly US$1 trillion plan to contain Europe's debt crisis reassured investors.
The Dow Jones industrial average rose about 405 points to its biggest advance since March 2009. Broader U.S. indexes outpaced the Dow's 3.9 percent rise.
Gains in several European markets topped 9 percent.
The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.54 percent from 3.43 percent late Friday.
The drop in demand for safety holdings like Treasurys signaled that investors are less afraid that Europe's debt problems will endanger a global recovery.
The European Union and the International Monetary Fund agreed to create a nearly $1 trillion rescue fund to support European nations burdened by heavy debt.
Thursday, May 6, 2010
10% economic expansion highest in 10yrs
More than 10% economic expansion in first quarter for the first time in 10 years
By WONG SAI WAN
saiwan@thestar.com.my
KUALA LUMPUR: The country’s economy is likely to register growth of more than 10% in the first three months of the year – an achievement not seen in the last 10 years.
The latest economic indicators show a positive trend. Exports in March grew by 36.4% beating the market forecast of 22.4%. Imports rose by 45.3% (forecasts were around 30%).
The London-based Financial Times says: “Given Malaysia’s high exposure to trade, the numbers bode well for first quarter gross domestic product growth”.
Analysts from major banks, local and international, put the first three months’ growth at between 9.8% and 12% and they expect the trend to continue for the second quarter making it a “very good first half of the year for Malaysia.”
As a result, the analysts are also revising upwards their estimates for Malaysia’s GDP growth forecast for the year. Banks are now forecasting the annual GDP to grow by between 8% and 11% as compared to Bank Negara’s earlier estimate of between 4.5% and 5%.
“Given the recent developments in both domestic and external conditions, we are confident our 2010 forecast of 8% should be achievable,” said Ambank group chief economist Manokaran Mottain in his Economic update released here yesterday.
He also noted that besides the surge in exports, there was a marked improvement in private sector spending, especially by households. Big ticket items such as cars have seen increased sales.
According to the Malaysian Automotive Association, auto sales surged 25% year-on-year in March to 56,139 units, up from 44,896 in the same month last year.
HSBC Global Research economist Robert Prior-Wandesforde in his report entitled “From bust to boom - double-digit GDP growth in Singapore and Malaysia?” noted that the recovery of the economy came three months faster than expected.
While the Financial Times said, “Malaysia is roaring out of recession even faster than expected”.
By WONG SAI WAN
saiwan@thestar.com.my
KUALA LUMPUR: The country’s economy is likely to register growth of more than 10% in the first three months of the year – an achievement not seen in the last 10 years.
The latest economic indicators show a positive trend. Exports in March grew by 36.4% beating the market forecast of 22.4%. Imports rose by 45.3% (forecasts were around 30%).
The London-based Financial Times says: “Given Malaysia’s high exposure to trade, the numbers bode well for first quarter gross domestic product growth”.
Analysts from major banks, local and international, put the first three months’ growth at between 9.8% and 12% and they expect the trend to continue for the second quarter making it a “very good first half of the year for Malaysia.”
As a result, the analysts are also revising upwards their estimates for Malaysia’s GDP growth forecast for the year. Banks are now forecasting the annual GDP to grow by between 8% and 11% as compared to Bank Negara’s earlier estimate of between 4.5% and 5%.
“Given the recent developments in both domestic and external conditions, we are confident our 2010 forecast of 8% should be achievable,” said Ambank group chief economist Manokaran Mottain in his Economic update released here yesterday.
He also noted that besides the surge in exports, there was a marked improvement in private sector spending, especially by households. Big ticket items such as cars have seen increased sales.
According to the Malaysian Automotive Association, auto sales surged 25% year-on-year in March to 56,139 units, up from 44,896 in the same month last year.
HSBC Global Research economist Robert Prior-Wandesforde in his report entitled “From bust to boom - double-digit GDP growth in Singapore and Malaysia?” noted that the recovery of the economy came three months faster than expected.
While the Financial Times said, “Malaysia is roaring out of recession even faster than expected”.
Wednesday, April 14, 2010
Shukur kita di Malaysia!
NCs,
Salam. Saya baru balik dari melawat Phillippine minggu ini dan Alhamdulillah shukur kerana saya dilahirkan di negara ini dan hidup di sini. Sesusah mana pun rakyat di sini jauh sekali jika dibandingkan dengan apa yang saya lihat di negara jiran itu. Sekarang baru lah saya percaya hidup di Malaysia memang mewah dan peluang yang ada di sini terlalu banyak terutama bila kita berada di industri unit trust ini. Pokoknya rajin dan usaha Insyaallah rezeki Allah di bumi ini sungguh tidak terhad. Ayuh! rakan-rakan semua jangan dipersiakan nikmat yang dikurniakan Allah ini. Kita rebut peluang yang ada kita cipta kemewahan selagi boleh di samping jangan kita lupa tanggung jawab pada yang maha Esa. Saya doakan kita semua terus berjaya!
Salam. Saya baru balik dari melawat Phillippine minggu ini dan Alhamdulillah shukur kerana saya dilahirkan di negara ini dan hidup di sini. Sesusah mana pun rakyat di sini jauh sekali jika dibandingkan dengan apa yang saya lihat di negara jiran itu. Sekarang baru lah saya percaya hidup di Malaysia memang mewah dan peluang yang ada di sini terlalu banyak terutama bila kita berada di industri unit trust ini. Pokoknya rajin dan usaha Insyaallah rezeki Allah di bumi ini sungguh tidak terhad. Ayuh! rakan-rakan semua jangan dipersiakan nikmat yang dikurniakan Allah ini. Kita rebut peluang yang ada kita cipta kemewahan selagi boleh di samping jangan kita lupa tanggung jawab pada yang maha Esa. Saya doakan kita semua terus berjaya!
Tuesday, March 30, 2010
Stock market upbeat after consumers spend
HONG KONG (AP) -- Global stock markets advanced Tuesday after a report showing U.S. consumers continued to spend last month buoyed optimism about growth in the world's largest economy.
The dollar was little changed against the yen and the euro, and oil prices hovered above $82 a barrel.
Helping sentiment were overnight gains in the U.S., where Wall Street was boosted by news that consumer spending rose for a fifth straight month in February. Spending by households is by far the biggest source of economic activity in the U.S. and drives Asian export demand. The 0.3 percent rise added to hopes consumers are regaining confidence.
As trading started in Europe, Britain's FTSE 100 added 0.1 percent, Germany's DAX rose 0.3 percent and France's CAC-40 was up 0.1 percent. Wall Street was poised for a modestly stronger open as U.S. futures gained.
In Asia, Japan's Nikkei 225 stock average rose 110.67 points, or 1 percent, to 11,097.14, and South Korea's Kospi was up 8.20 points, or 0.5 percent, at 1,700.19. Hong Kong's Hang Seng index rose 137.36, or 0.7 percent, to 21,374.79.
The dollar was little changed against the yen and the euro, and oil prices hovered above $82 a barrel.
Helping sentiment were overnight gains in the U.S., where Wall Street was boosted by news that consumer spending rose for a fifth straight month in February. Spending by households is by far the biggest source of economic activity in the U.S. and drives Asian export demand. The 0.3 percent rise added to hopes consumers are regaining confidence.
As trading started in Europe, Britain's FTSE 100 added 0.1 percent, Germany's DAX rose 0.3 percent and France's CAC-40 was up 0.1 percent. Wall Street was poised for a modestly stronger open as U.S. futures gained.
In Asia, Japan's Nikkei 225 stock average rose 110.67 points, or 1 percent, to 11,097.14, and South Korea's Kospi was up 8.20 points, or 0.5 percent, at 1,700.19. Hong Kong's Hang Seng index rose 137.36, or 0.7 percent, to 21,374.79.
Friday, March 12, 2010
Market continue to advance on sustained PROFITABILITY!
NEW YORK (AP) -- A rally in financial stocks Thursday helped the market extend its grind higher to a third day.
The Standard & Poor's 500 index cleared an important hurdle watched by traders when it closed just above its January peak to set a new 17-month high. That could bring some hesitant buyers into the market.
Financial shares rose after Citigroup Inc. CEO Vikram Pandit said the bank was on a path toward "sustained profitability" as it sells off risky assets. The bank has been the hardest hit by the financial crisis so the upbeat assessment helped boost expectations about the economy. The stock rose 5.6 percent.
The Standard & Poor's 500 index cleared an important hurdle watched by traders when it closed just above its January peak to set a new 17-month high. That could bring some hesitant buyers into the market.
Financial shares rose after Citigroup Inc. CEO Vikram Pandit said the bank was on a path toward "sustained profitability" as it sells off risky assets. The bank has been the hardest hit by the financial crisis so the upbeat assessment helped boost expectations about the economy. The stock rose 5.6 percent.
Tuesday, March 9, 2010
Market Advances!
NCs,
Market is advancing! Let's GET EXCITED & bring in the sales - CASH & EPF!
Market Commentary
08 March 2010
Stocks in Bursa Malaysia surged 24.44 points to close at 1324.22 points on follow-through buying from last Friday, led by banking stocks such as Public Bank, CIMB and Maybank. The Finance Index increased 314.15 points to 11851.81 points, the Properties Index gained 8.58 points to 795.20 points and the Plantation Index rose 28.55 points to 6424.61 points. The market traded within a range of 13.51 points between an intra-day high of 1325.69 and a low of 1312.18 during the session. Actively traded stocks include AEM, TRANMIL, MAYBANK, PRIVA, RESINTC, RAMUNIA, JCY, AFFIN-WC, BASWELL and AMMB. Trading volume increased to 1160.72 mil shares worth RM2259.32 mil as compared to Friday's 941.56 mil shares worth RM1564.40 mil. Leading Movers were PBBANK (+62 sen to RM11.94), CIMB (+40 sen to RM 14.12), SIME (+15 sen to RM8.70), MAYBANK (+12 sen to RM7.52) and GENTING (+20 sen to RM6.85). Lagging Movers were PETGAS (-2 sen to RM9.85), UMW (-1 sen to RM6.32), NESTLE (-2 sen to RM34.38). Market breadth was positive with 583 gainers as compared to 194 losers.
Market is advancing! Let's GET EXCITED & bring in the sales - CASH & EPF!
Market Commentary
08 March 2010
Stocks in Bursa Malaysia surged 24.44 points to close at 1324.22 points on follow-through buying from last Friday, led by banking stocks such as Public Bank, CIMB and Maybank. The Finance Index increased 314.15 points to 11851.81 points, the Properties Index gained 8.58 points to 795.20 points and the Plantation Index rose 28.55 points to 6424.61 points. The market traded within a range of 13.51 points between an intra-day high of 1325.69 and a low of 1312.18 during the session. Actively traded stocks include AEM, TRANMIL, MAYBANK, PRIVA, RESINTC, RAMUNIA, JCY, AFFIN-WC, BASWELL and AMMB. Trading volume increased to 1160.72 mil shares worth RM2259.32 mil as compared to Friday's 941.56 mil shares worth RM1564.40 mil. Leading Movers were PBBANK (+62 sen to RM11.94), CIMB (+40 sen to RM 14.12), SIME (+15 sen to RM8.70), MAYBANK (+12 sen to RM7.52) and GENTING (+20 sen to RM6.85). Lagging Movers were PETGAS (-2 sen to RM9.85), UMW (-1 sen to RM6.32), NESTLE (-2 sen to RM34.38). Market breadth was positive with 583 gainers as compared to 194 losers.
Monday, March 1, 2010
Work less but more profit..
ActionCOACH Business Library
Our business library provides information and services for entrepreneurs, small businesses, and professionals to manage, finance and build a better business.
How To Work Less for More Profit
By Sam Harrop
Category:Generating Leads
Share6
When I talk with professional business owners about building their business, I often get an interesting response... "No more. Please! No more! I couldn't handle any more work; I'm flat out as it is." This seems strange, because many times their business is far from what would be considered massively profitable and by their own admission is often not a fun place to work.
The problem lies in a common mis-perception that 'building business' means just getting more leads. The reality is that business building is more about 'quality' than quantity. You can achieve a better quality of client in four steps:
Step One: Define Your Clients We all have clients that drive us mad. They might always pay late or complain and haggle over invoices or prices, wait until the last minute to lodge important paperwork, put unnecessary demands on you, have questionable hygiene habits... the list goes on. The first step is to define your clients into 4 classes A,B,C & D class clients. The definition is up to you. You might also find an 'A' class client might be one that always pays a month late but never questions the price.
Step Two: Tell them where they rate Send all your 'A' and 'B' clients a letter telling them that you appreciate their effort in the relationship, that you enjoy working with them and will always strive to do the best for them. Then send your 'C' and 'D' class clients a letter suggesting that it might be time for a 'new approach'. State your commitment to service and explain how important their participation is in the relationship. If there is no change after a couple of more contacts, you might refer them to your competition. It costs you to work for these clients. You make a living working with numbers... if you make $100 profit on doing a job for a client who haggles, complains and wastes another few hours of your time and then starts on your staff members, you'd be better off without them. In the least they vastly increase the chance of a heart attack or other stress related disease (like divorce).
Step Three: Fill the void The time you recover when your 'C' and 'D' grade clients take their business to your competitors and driving them mad, can be used for marketing; attracting clients that want to work for you and that you want to work with. Alternatively you could work on systemisation to increase productivity in your practice. You could even go home early and spend some extra time with your family or on that neglected hobby or passion.
Step Four: Maintain the system Its important to inoculate yourself against more 'C's & 'D's... Make sure that your new clients are educated on the fact that the unique and outstanding level of service that you provide for them is possible because your clients commit to participating in the relationship and define what you expect of them. This is an important strategy to get YOU more in control your business, improve your profitability and most importantly, reduce the stress levels of you and your team.
Good luck!
Our business library provides information and services for entrepreneurs, small businesses, and professionals to manage, finance and build a better business.
How To Work Less for More Profit
By Sam Harrop
Category:Generating Leads
Share6
When I talk with professional business owners about building their business, I often get an interesting response... "No more. Please! No more! I couldn't handle any more work; I'm flat out as it is." This seems strange, because many times their business is far from what would be considered massively profitable and by their own admission is often not a fun place to work.
The problem lies in a common mis-perception that 'building business' means just getting more leads. The reality is that business building is more about 'quality' than quantity. You can achieve a better quality of client in four steps:
Step One: Define Your Clients We all have clients that drive us mad. They might always pay late or complain and haggle over invoices or prices, wait until the last minute to lodge important paperwork, put unnecessary demands on you, have questionable hygiene habits... the list goes on. The first step is to define your clients into 4 classes A,B,C & D class clients. The definition is up to you. You might also find an 'A' class client might be one that always pays a month late but never questions the price.
Step Two: Tell them where they rate Send all your 'A' and 'B' clients a letter telling them that you appreciate their effort in the relationship, that you enjoy working with them and will always strive to do the best for them. Then send your 'C' and 'D' class clients a letter suggesting that it might be time for a 'new approach'. State your commitment to service and explain how important their participation is in the relationship. If there is no change after a couple of more contacts, you might refer them to your competition. It costs you to work for these clients. You make a living working with numbers... if you make $100 profit on doing a job for a client who haggles, complains and wastes another few hours of your time and then starts on your staff members, you'd be better off without them. In the least they vastly increase the chance of a heart attack or other stress related disease (like divorce).
Step Three: Fill the void The time you recover when your 'C' and 'D' grade clients take their business to your competitors and driving them mad, can be used for marketing; attracting clients that want to work for you and that you want to work with. Alternatively you could work on systemisation to increase productivity in your practice. You could even go home early and spend some extra time with your family or on that neglected hobby or passion.
Step Four: Maintain the system Its important to inoculate yourself against more 'C's & 'D's... Make sure that your new clients are educated on the fact that the unique and outstanding level of service that you provide for them is possible because your clients commit to participating in the relationship and define what you expect of them. This is an important strategy to get YOU more in control your business, improve your profitability and most importantly, reduce the stress levels of you and your team.
Good luck!
Wednesday, February 24, 2010
Suruhanjaya Sekuriti sedang meminda garis panduan unit Amanah
SC pinda garis panduan unit amanah
KUALA LUMPUR 23 Feb. - Suruhanjaya Sekuriti (SC) sedang meminda Garis Panduan Unit Amanah bagi mengadakan struktur pelbagai kelas produk unit amanah.
Pengerusinya, Tan Sri Zarinah Anwar berkata, pindaan itu akan membolehkan dana unit amanah tunggal menawarkan pelbagai kelas unit dengan setiap kelas memiliki ciri-ciri berbeza seperti yuran dan bayaran yang dikenakan serta dan mata wang yang digunakan.
Katanya, peningkatan tahap produk sofistikated dan pilihan pengagihan yang ditawarkan berdasarkan keperluan industri perlu selaras dengan piawaian tinggi pengendalian dan pemberitahuan jualan.
''Kita akan sentiasa mengkaji garis panduan sedia ada berdasarkan maklum balas yang diterima daripada pelbagai pemegang kepentingan, selain pemantauan pembangunan antarabangsa.
''Industri ini berkembang dan kita perlu lebih inovatif, mencari jalan baru yang lebih baik untuk memberi pelabur banyak pilihan bagi memenuhi kehendak mereka,'' katanya.
Beliau berkata demikian ketika ditemui selepas majlis penyampaian Anugerah Edge-Lipper Starmine 2010 di sini hari ini.
Sebagai contohnya, katanya, para pelabur diberi pilihan untuk memilih atau membayar yuran pendahuluan dengan yuran tahunan lebih rendah atau yuran tahunan lebih tinggi bagi menggantikan yuran pendahuluan.
Tambah beliau, pendekatan tersebut akan membolehkan pelabur mendapat padanan yang lebih baik bagi rujukan pelaburan untuk kumpulan pelabur berbeza.
Zarinah berkata, dengan pilihan mata wang akan memberi kemudahan pemasaran kepada pelabur asing yang melabur secara terus dalam mata wang masing-masing berbanding terpaksa melakukan pertukaran mata wang dalam ringgit ketika ini.
''Pendekatan ini juga adalah sama sekiranya pelabur tempatan mahu terdedah kepada pelaburan asing,'' ujarnya.
Terdahulu, ketika menyampaikan ucaptamanya, Zarinah menyeru industri unit amanah tempatan terus meluaskan rangkaian produk dan pasarannya.
Tegas beliau, negara mempunyai kelebihan sebagai pusat Pasaran Modal Islam dan kini memiliki 144 unit amanah berlandaskan Syariah.
Beliau menambah, pengantara unit amanah tempatan merupakan yang terbaik di rantau ini dan mempunyai kedudukan baik untuk memainkan peranan signifikan dalam arena serantau.
''Sekarang industri mesti meningkatkan cabaran dengan meluaskan rangkaian dengan pasaran-pasaran lain dan memperbaiki kecekapan di peringkat antarabangsa, dengan kelebihan kemudahan rangka kerja perundangan yang telah diwujudkan,'' katanya.
KUALA LUMPUR 23 Feb. - Suruhanjaya Sekuriti (SC) sedang meminda Garis Panduan Unit Amanah bagi mengadakan struktur pelbagai kelas produk unit amanah.
Pengerusinya, Tan Sri Zarinah Anwar berkata, pindaan itu akan membolehkan dana unit amanah tunggal menawarkan pelbagai kelas unit dengan setiap kelas memiliki ciri-ciri berbeza seperti yuran dan bayaran yang dikenakan serta dan mata wang yang digunakan.
Katanya, peningkatan tahap produk sofistikated dan pilihan pengagihan yang ditawarkan berdasarkan keperluan industri perlu selaras dengan piawaian tinggi pengendalian dan pemberitahuan jualan.
''Kita akan sentiasa mengkaji garis panduan sedia ada berdasarkan maklum balas yang diterima daripada pelbagai pemegang kepentingan, selain pemantauan pembangunan antarabangsa.
''Industri ini berkembang dan kita perlu lebih inovatif, mencari jalan baru yang lebih baik untuk memberi pelabur banyak pilihan bagi memenuhi kehendak mereka,'' katanya.
Beliau berkata demikian ketika ditemui selepas majlis penyampaian Anugerah Edge-Lipper Starmine 2010 di sini hari ini.
Sebagai contohnya, katanya, para pelabur diberi pilihan untuk memilih atau membayar yuran pendahuluan dengan yuran tahunan lebih rendah atau yuran tahunan lebih tinggi bagi menggantikan yuran pendahuluan.
Tambah beliau, pendekatan tersebut akan membolehkan pelabur mendapat padanan yang lebih baik bagi rujukan pelaburan untuk kumpulan pelabur berbeza.
Zarinah berkata, dengan pilihan mata wang akan memberi kemudahan pemasaran kepada pelabur asing yang melabur secara terus dalam mata wang masing-masing berbanding terpaksa melakukan pertukaran mata wang dalam ringgit ketika ini.
''Pendekatan ini juga adalah sama sekiranya pelabur tempatan mahu terdedah kepada pelaburan asing,'' ujarnya.
Terdahulu, ketika menyampaikan ucaptamanya, Zarinah menyeru industri unit amanah tempatan terus meluaskan rangkaian produk dan pasarannya.
Tegas beliau, negara mempunyai kelebihan sebagai pusat Pasaran Modal Islam dan kini memiliki 144 unit amanah berlandaskan Syariah.
Beliau menambah, pengantara unit amanah tempatan merupakan yang terbaik di rantau ini dan mempunyai kedudukan baik untuk memainkan peranan signifikan dalam arena serantau.
''Sekarang industri mesti meningkatkan cabaran dengan meluaskan rangkaian dengan pasaran-pasaran lain dan memperbaiki kecekapan di peringkat antarabangsa, dengan kelebihan kemudahan rangka kerja perundangan yang telah diwujudkan,'' katanya.
Friday, February 19, 2010
Exit strategy to mark better days to come
Fed hikes discount rate, says loose policy to stay
Topics:Economy, Government & Policy
The U.S. Federal Reserve Building is pictured in Washington, January 26, 2010. REUTERS/Jason Reed
On Thursday February 18, 2010, 10:13 pm
By Emily Kaiser
WASHINGTON (Reuters) - The Federal Reserve raised its emergency lending rate for the first time since the financial crisis, lifting the dollar and hitting bonds as markets brushed off Fed assurances it was not a prelude to a rise in the main policy rate.
The Fed cast its decision to raise the discount rate it charges banks by 25 basis points to 0.75 percent as a response to improved market conditions that allowed it to scale back emergency aid for financial institutions.
It took pains to distinguish its efforts to foster market liquidity from monetary policy and to draw the distinction between the discount rate and its main federal funds rate, which remains near zero to help a fragile U.S. economic recovery. Fed officials also insisted the move that takes effect on Friday was not a sign that a policy tightening was forthcoming.
"They do not signal any change in the outlook for monetary policy and are not expected to lead to tighter financial conditions for households and businesses," Fed Governor Elizabeth Duke said in an address, echoing the Fed statement.
Topics:Economy, Government & Policy
The U.S. Federal Reserve Building is pictured in Washington, January 26, 2010. REUTERS/Jason Reed
On Thursday February 18, 2010, 10:13 pm
By Emily Kaiser
WASHINGTON (Reuters) - The Federal Reserve raised its emergency lending rate for the first time since the financial crisis, lifting the dollar and hitting bonds as markets brushed off Fed assurances it was not a prelude to a rise in the main policy rate.
The Fed cast its decision to raise the discount rate it charges banks by 25 basis points to 0.75 percent as a response to improved market conditions that allowed it to scale back emergency aid for financial institutions.
It took pains to distinguish its efforts to foster market liquidity from monetary policy and to draw the distinction between the discount rate and its main federal funds rate, which remains near zero to help a fragile U.S. economic recovery. Fed officials also insisted the move that takes effect on Friday was not a sign that a policy tightening was forthcoming.
"They do not signal any change in the outlook for monetary policy and are not expected to lead to tighter financial conditions for households and businesses," Fed Governor Elizabeth Duke said in an address, echoing the Fed statement.
Wednesday, February 17, 2010
Global market soars!!
NCs,
Don't waste time get more sales as market is going to be bullish..(Pls read on)
Stephen Bernard, AP Business Writer, On Tuesday February 16, 2010, 5:49 pm EST
NEW YORK (AP) -- Signs that the economy is indeed strengthening gave investors a surge of optimism and sent stocks sharply higher.
The Dow Jones industrials soared almost 170 points Tuesday on upbeat earnings reports and corporate deals. Investors who have been anxious in recent weeks about economic problems overseas were able to put aside their concerns for the time being. They focused instead on the domestic economy.
The dollar fell as investors felt less of a need to stash their money in safer investments. Oil, gold and other commodities joined stocks as the beneficiaries of the market's renewed confidence. And the stocks of energy and materials producers were among the day's big winners.
European markets also rose following new plans by European Union leaders to push Greece to get its budget under control. European officials gave Greece one month to prove it can cut its deficits. Debt problems in European countries including Greece, Portugal and Spain have been a major factor behind weakness in global stock markets in recent weeks.
A strong earnings report from Barclays, a major European bank, also gave the market some relief. European banks have been slower to recover than their U.S. counterparts, and investors saw the bounceback at Barclays as an encouraging sign.
In the U.S., Kraft Foods Inc. and apparel retailer Abercrombie & Fitch reported earnings that beat expectations, while drugmaker Merck & Co. said profits jumped after the company bought its longtime partner Schering-Plough Corp.
Earnings reports over the past month have mostly come in better than expected, but problems in the global economy have overshadowed that good news and pushed the market lower.
"Earnings have been good, but pushed to the back seat," behind Europe's problems, said Alan B. Lancz, president of Alan B. Lancz & Associates in Toledo, Ohio. The strong reports Tuesday "superseded some of these worries."
Meanwhile a bold acquisition move by the nation's largest mall owner raised hopes that businesses are feeling more confident about the economy.
Simon Property Group has offered to acquire its ailing rival, General Growth Properties, for $10 billion. General Growth, the No. 2 mall operator, filed for bankruptcy protection last year.
The Dow rose 169.67, or 1.7 percent, to 10,268.81. The Standard & Poor's 500 index rose 19.36, or 1.8 percent, to 1,094.87, while the Nasdaq composite index rose 30.66, or 1.4 percent, to 2,214.19.
About five stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume came to 4.2 billion shares, down from 4.5 billion Friday.
In other deal news, JPMorgan Chase & Co. said it was buying RBS Sempra Commodities' global oil, global metals and European power and gas assets in a deal worth about $1.7 billion. The move nearly doubles JPMorgan's corporate client base for commodities.
Economic reports throughout the holiday-shortened week will also provide insight into the economy. Market were closed Monday for President's Day.
A report on manufacturing in the New York area was stronger than expected. The Empire State manufacturing index rose to 24.91 this month, compared with a forecast of 18, according to economists polled by Thomson Reuters. The index was 15.92 last month.
Reports on housing starts, jobless claims and inflation are due out later this week.
Merck rose 74 cents, or 2 percent, to $37.66. In addition to its earnings results Merck also announced details of the combined company's restructuring plans, the first phase of which expected to bring annual savings of up to $3 billion in 2012.
Barclays' New York-listed shares jumped $2.35, or 13 percent, to $19.03.
Simon Property rose $2.82 or 3.9 percent to $74.82 after announcing its hostile offer for General Growth. General Growth's best known centers include the Glendale Galleria in Southern California and the South Street Seaport in Manhattan.
Simon Property's bold move "sends a signal that the economy might be doing better," said Giri Cherukuri, a portfolio manager and head trader at OakBrook Investments in Lisle, Ill. The Simon Property deal is especially positive because it shows mall operators are upbeat about the retail industry and employment.
Among energy companies, Exxon Mobil Corp. rose $1.48, or 2.3 percent, to $66.28. Occidental Petroleum Corp. rose $1.38, or 1.7 percent, to $81.18.
Aluminum producer Alcoa Inc. rose 46 cents, or 3.5 percent, to $13.74. DuPont rose 46 cents, or 1.4 percent, to $32.74.
Bond prices edged higher as concerns about the Greek debt crisis began to wane. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.67 percent from 3.70 percent late Friday.
The dollar fell. Crude oil jumped $2.88 or 4 percent to settle at $77.01 a barrel.
The Russell 2000 index of smaller companies rose 10.12, or 1.7 percent, to 620.84.
Overseas, Britain's FTSE 100 rose 1.5 percent, Germany's DAX index gained 1.7 percent, and France's CAC-40 rose 1.7 percent. Japan's Nikkei stock average rose 0.2 percent.
Don't waste time get more sales as market is going to be bullish..(Pls read on)
Stephen Bernard, AP Business Writer, On Tuesday February 16, 2010, 5:49 pm EST
NEW YORK (AP) -- Signs that the economy is indeed strengthening gave investors a surge of optimism and sent stocks sharply higher.
The Dow Jones industrials soared almost 170 points Tuesday on upbeat earnings reports and corporate deals. Investors who have been anxious in recent weeks about economic problems overseas were able to put aside their concerns for the time being. They focused instead on the domestic economy.
The dollar fell as investors felt less of a need to stash their money in safer investments. Oil, gold and other commodities joined stocks as the beneficiaries of the market's renewed confidence. And the stocks of energy and materials producers were among the day's big winners.
European markets also rose following new plans by European Union leaders to push Greece to get its budget under control. European officials gave Greece one month to prove it can cut its deficits. Debt problems in European countries including Greece, Portugal and Spain have been a major factor behind weakness in global stock markets in recent weeks.
A strong earnings report from Barclays, a major European bank, also gave the market some relief. European banks have been slower to recover than their U.S. counterparts, and investors saw the bounceback at Barclays as an encouraging sign.
In the U.S., Kraft Foods Inc. and apparel retailer Abercrombie & Fitch reported earnings that beat expectations, while drugmaker Merck & Co. said profits jumped after the company bought its longtime partner Schering-Plough Corp.
Earnings reports over the past month have mostly come in better than expected, but problems in the global economy have overshadowed that good news and pushed the market lower.
"Earnings have been good, but pushed to the back seat," behind Europe's problems, said Alan B. Lancz, president of Alan B. Lancz & Associates in Toledo, Ohio. The strong reports Tuesday "superseded some of these worries."
Meanwhile a bold acquisition move by the nation's largest mall owner raised hopes that businesses are feeling more confident about the economy.
Simon Property Group has offered to acquire its ailing rival, General Growth Properties, for $10 billion. General Growth, the No. 2 mall operator, filed for bankruptcy protection last year.
The Dow rose 169.67, or 1.7 percent, to 10,268.81. The Standard & Poor's 500 index rose 19.36, or 1.8 percent, to 1,094.87, while the Nasdaq composite index rose 30.66, or 1.4 percent, to 2,214.19.
About five stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume came to 4.2 billion shares, down from 4.5 billion Friday.
In other deal news, JPMorgan Chase & Co. said it was buying RBS Sempra Commodities' global oil, global metals and European power and gas assets in a deal worth about $1.7 billion. The move nearly doubles JPMorgan's corporate client base for commodities.
Economic reports throughout the holiday-shortened week will also provide insight into the economy. Market were closed Monday for President's Day.
A report on manufacturing in the New York area was stronger than expected. The Empire State manufacturing index rose to 24.91 this month, compared with a forecast of 18, according to economists polled by Thomson Reuters. The index was 15.92 last month.
Reports on housing starts, jobless claims and inflation are due out later this week.
Merck rose 74 cents, or 2 percent, to $37.66. In addition to its earnings results Merck also announced details of the combined company's restructuring plans, the first phase of which expected to bring annual savings of up to $3 billion in 2012.
Barclays' New York-listed shares jumped $2.35, or 13 percent, to $19.03.
Simon Property rose $2.82 or 3.9 percent to $74.82 after announcing its hostile offer for General Growth. General Growth's best known centers include the Glendale Galleria in Southern California and the South Street Seaport in Manhattan.
Simon Property's bold move "sends a signal that the economy might be doing better," said Giri Cherukuri, a portfolio manager and head trader at OakBrook Investments in Lisle, Ill. The Simon Property deal is especially positive because it shows mall operators are upbeat about the retail industry and employment.
Among energy companies, Exxon Mobil Corp. rose $1.48, or 2.3 percent, to $66.28. Occidental Petroleum Corp. rose $1.38, or 1.7 percent, to $81.18.
Aluminum producer Alcoa Inc. rose 46 cents, or 3.5 percent, to $13.74. DuPont rose 46 cents, or 1.4 percent, to $32.74.
Bond prices edged higher as concerns about the Greek debt crisis began to wane. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.67 percent from 3.70 percent late Friday.
The dollar fell. Crude oil jumped $2.88 or 4 percent to settle at $77.01 a barrel.
The Russell 2000 index of smaller companies rose 10.12, or 1.7 percent, to 620.84.
Overseas, Britain's FTSE 100 rose 1.5 percent, Germany's DAX index gained 1.7 percent, and France's CAC-40 rose 1.7 percent. Japan's Nikkei stock average rose 0.2 percent.
Tuesday, February 16, 2010
How to make your business stand out from the crowd
ActionCOACH
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How to Make Your Business Stand Out from the Crowd
By Bill Stack
Category:Average Number of Customers
Share
One of the more common complaints I hear among business owners is how tough the competition is and how it’s getting tougher every day. The reality is that competition will never disappear; however, there are several effective strategies that can reduce the competition’s influence on your business.
In this column, I’ll focus on two of the most fundamental approaches: Defining your Unique Value Proposition (UVP) and having a written Guarantee. Unique Value Proposition This is also referred to as a Unique Selling Proposition (USP). Many use the terms synonymously. Personally, I like the term “value” vs. “selling”, because at the end of the day, the reason your customers buy from you is the overall value you provide, not just what product/service you are selling.
To really define what a UVP is, it’s useful to break down the phrase and define each word: Unique - Refers to the characteristics of your product or service that distinguish you from as many of your competitors as possible. It’s the “what you do” and “how you do it” that clearly differentiates your product/service.
Value – It defines what your customers get for their money or the intrinsic worth of your offering to your customers. It’s also important to note that value, like beauty, is in the eye of the beholder, and what we think our customers value may be completely different from what they really value.
Proposition – It’s your factual and truthful proposal to your customer. Being able to qualify and quantify your claims is critical and makes your UVP that much stronger! In sum, your UVP is a distinct offer to your target market in which they get more than they give up (as perceived by them, of course) in relationship to other alternatives, which may include buying nothing at all.
While having a UVP may seem obvious, it’s amazing how many businesses truly don’t have a UVP, or if they do, they clearly don’t communicate it to their target market. If your UVP needs some updating (or if you don’t have one at all), then it’s time to do some market research. You need to know what your customers (and prospective customers) value, why they value it, and what result it achieves for them.
One effective approach is to sit down and talk to ten of your top customers. Ask them why they buy from you and what makes you different from your competition. They will give you your UVP (but in their words) and will likely provide reasons and insights you never knew or expected. Additionally, competitive research can also complement and refine some of the information you receive from your top customers and help you better define your UVP.
Assessment Tools
¤ Business Health Check ¤ Simple Business Evaluation ¤
¤ Free Business Coaching ¤ Top 5 Business challenges ¤
--------------------------------------------------------------------------------
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| ActionCOACH Australia | ActionCOACH Canada | ActionCOACH Ireland | ActionCOACH New Zealand | ActionCOACH South Africa |
ActionCOACH Coach Library
ActionCOACH Press Room
ActionCOACH Business Library
Our business library provides information and services for entrepreneurs, small businesses, and professionals to manage, finance and build a better business.
How to Make Your Business Stand Out from the Crowd
By Bill Stack
Category:Average Number of Customers
Share
One of the more common complaints I hear among business owners is how tough the competition is and how it’s getting tougher every day. The reality is that competition will never disappear; however, there are several effective strategies that can reduce the competition’s influence on your business.
In this column, I’ll focus on two of the most fundamental approaches: Defining your Unique Value Proposition (UVP) and having a written Guarantee. Unique Value Proposition This is also referred to as a Unique Selling Proposition (USP). Many use the terms synonymously. Personally, I like the term “value” vs. “selling”, because at the end of the day, the reason your customers buy from you is the overall value you provide, not just what product/service you are selling.
To really define what a UVP is, it’s useful to break down the phrase and define each word: Unique - Refers to the characteristics of your product or service that distinguish you from as many of your competitors as possible. It’s the “what you do” and “how you do it” that clearly differentiates your product/service.
Value – It defines what your customers get for their money or the intrinsic worth of your offering to your customers. It’s also important to note that value, like beauty, is in the eye of the beholder, and what we think our customers value may be completely different from what they really value.
Proposition – It’s your factual and truthful proposal to your customer. Being able to qualify and quantify your claims is critical and makes your UVP that much stronger! In sum, your UVP is a distinct offer to your target market in which they get more than they give up (as perceived by them, of course) in relationship to other alternatives, which may include buying nothing at all.
While having a UVP may seem obvious, it’s amazing how many businesses truly don’t have a UVP, or if they do, they clearly don’t communicate it to their target market. If your UVP needs some updating (or if you don’t have one at all), then it’s time to do some market research. You need to know what your customers (and prospective customers) value, why they value it, and what result it achieves for them.
One effective approach is to sit down and talk to ten of your top customers. Ask them why they buy from you and what makes you different from your competition. They will give you your UVP (but in their words) and will likely provide reasons and insights you never knew or expected. Additionally, competitive research can also complement and refine some of the information you receive from your top customers and help you better define your UVP.
Assessment Tools
¤ Business Health Check ¤ Simple Business Evaluation ¤
¤ Free Business Coaching ¤ Top 5 Business challenges ¤
--------------------------------------------------------------------------------
Visit Bill Stack's Site|View More From Bill Stack|Contact Bill Stack
Back To Business Library
business coaching | franchise opportunity | Action Profit Club| Ask Brad Sugars | contact | NewsRoom | coaching for a cause | Executive Coaching
ActionCOACH | Brad Sugars T.V. | Brad's Free E-Books | Billionaire in Training | AboutBradSugars.com | The Yes Movie | Brad Sugars | Brad Sugars' Blog
Business Advice | Business Mentor | Business Help | Coach Testimonials | Business Coaching.com
| ActionCOACH Australia | ActionCOACH Canada | ActionCOACH Ireland | ActionCOACH New Zealand | ActionCOACH South Africa |
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