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Saturday, December 18, 2010
Friday, December 3, 2010
MULTIPLE STREAMS OF INCOME In a Flash Seminar by Robert Allen And Patric Chan Live In Malaysia
"How To Create Multiple Streams Of Income In 2011 - And How To Create Them Really FAST!"
The speaker:
Who Is Robert G. Allen:
The speaker:
Who Is Robert G. Allen:
Robert Allen has been teaching ordinary people how to achieve extraordinary success and financial freedom for over 30 years. He is the author of some of the most influential financial books of all time including the New York Times bestsellers Creating Wealth, Nothing Down, Multiple Streams of Income, The One Minute Millionaire and Cracking The Millionaire Code which he co-authored with Mark Victor Hansen.
Today there are literally thousands of millionaires all around the world who attribute their success to his systems and strategies. The National Speakers Association has named him America’s Top Millionaire Maker.
He is a popular television and radio guest, appearing on hundreds of radio and television programs including Good Morning America, Regis Philbin and Larry King. He has been the subject in numerous international publications including the Wall Street Journal, The Los Angeles Times, The Washington Post, Newsweek, Barons, Money Magazine and The Reader Digest to name just a few.
Challenged by Los Angeles Times to live up to his claim, he flew to San Francisco and proceeded to buy 6 properties in 57 hours!
Who Is Patric Chan:
Patric Chan is an internationally-known internet marketing expert and one of the tops in the world. His testimonials range from ordinary people to Amazon.com’s best-selling authors and has been invited to speak on the topic of internet marketing in over 11 countries – United States, United Kingdom, Australia, Malaysia, Singapore, China, India, Hong Kong, Thailand, Arab and Indonesia as an international speaker.
Patric is the ONLY internet marketer that has partnered with a bank to have his internet marketing seminar being promoted.
In a live demonstration on a seminar stage, Patric showed how he generated over USD $36,000 in sales in real time within 3 short days. Over 200 seminar attendees witnessed how money was generated from thin air by just selling digital products using only emails and webpages.
He has also co-authored a book with other best-selling authors like Brian Tracy, T Harv Eker, Zig Ziglar, Robert Kiyosaki, Jay Conrad Levinson, Dr. Wayne D Dyer and others.
Patric Chan delivers based on experience and results, not from books and theories.
Event details:
They've teamed up to teach you not only how to start creating multiple streams of income, but how you can create cash from thin air in these 3 full days seminar!
During the 3 days, we’re also going to introduce you to 3 tried and true methods for fast cash PLUS... 3 of the hottest, newest ways of making immediate cash. This has been taught in the past in another seminar called, Super Cash In A Flash Seminar where the attendees paid $5,000 USD to attend in United States! Success stories include one woman who earned $27,000 in 3 weeks and over $81,000 and counting in the first 90 days... another woman is up to $ 30,000 USD. We'll tell you what they did in Multiple Streams of Income In A Flash Seminar this January 2011!
What you'll discover from Robert:
Techniques and strategies from Robert's brand new book, Cash in a Flash: Fast Money in Slow Times.
The three most important fundamental secrets to ANY success, but especially financial success.
The fastest paths to generate cash with little or none of your own money - the little known “dirty secret” of the world’s easiest money strategy.
How to pick the "low hanging money fruit" that is hidden all around you which you can turn into cash quickly.
How to become an Info-Preneur--selling information to millions starting with what you already know.
Click and Grow Rich. How to earn SERIOUS MONEY with every click.
How to cash in on the Internet boom. How to tap into the BILLIONS of eager customers online.
The importance of MULTIPLE STREAMS OF INCOME. How to add a new income stream to your life every year.
How to make money while you sleep. Did you make money last night while you were sleeping? Robert did. Patric did. Let them share with you the behind-the-scenes secrets of how they earn millions from their various businesses. Learn how to model their success.
How to take advantage of the unbelievable bargains out there right now, despite your own financial situation.
How to create your own #1 bestselling book! Many experts brag about how they can get their book on the bestseller lists but Robert Allen's book has been on #1 on New York Times bestseller list -- for years! He can teach you things that NO ONE KNOWS and if you’ve ever wanted to earn a fortune with your own book, don’t miss the session where he'll be showing you the insider secrets.
What you'll discover from Patric:
My tactics to find hot niche markets on the internet within minutes without spending a single dollar on any keyword tools or software (yes, you can do this for free...)
The lightning speed strategy to create your own information product which you can sell and keep 100% of the profit
An easy-to-follow system to quickly start building your "money making machine" that will generate cash from thin air (whenever you 'demand' it)...Why I'm able to make more money online whenever I give my valuable product away for free!...How I put up a professional-looking webpage to make money online easily without any technical skill or knowledge.
MOST POWERFUL method to get free traffic -- no, it's not from the search engines or Google.com
Discover how you can get traffic instantly WITHIN HOURS and turn these new visitors into your 'money makers'.
A simple way you can use your words to 'attract' cash - even if you're not a hotshot copywriter! Do you know that the words you write on the internet can make you a small fortune?
How you can be making money online even if you don't have any product to sell right now.
Where to find companies and business owners who want to give you 50% of their profit and where you can find websites which will pay you money for giving away their stuff for free.
Super tactic of using blogs to promote products and getting traffic quickly - within hours in fact - for free
And other internet marketing secrets and strategies to be shared!
Sunday, November 21, 2010
Shaun&Vince Mastermind Phuket3
Have you ever been to internet marketing event? I am actually impress by the youngster today. Opportunity is out there and you need to be think out of the box and predict the future what will happen to the Cyber business trends.
With my reward winning opportunity in Shaun &Vince New Wave, USD10,000 under the Shaun & Vince Mastermind, it covered Phuket3 event, I am sure want to learn as much as possible from Shaun Stenning and Vince Tan the latest NEW WAVE technique of how to become a Internet Marketing beginner!
One 1st day, all of us separate to different groups with our awesome cheers. U will not believe in my team have 2 friends whom that I known before. So journey begin with Shaun introduction, admin intro and planning for our 3 days program. We are very much crazy because everyone need to dress up unnormally. Should check out Shaun and Matt, both of them dress up as ladies. On the 1st day itself , we learn how to do buy and sell domaining, we need to built product package and we need to do all this in a group, Shaun is so generous to teach us,Vince will only arrive on Day2 afternoon.
Everyone non stop playing their role as well as perform implementation before the products launching on the Day3.We all hardly have any proper sleep. This Seminar is different from other internet marketing live seminars and training event, as both Shaun and Vince are not delivering content and talks, but they also gave away so many resources that can speed up and make your internet marketing progress go much faster. We have taught not only to have the knowledge, but also taught to think smartly in using the knowledge itself. Leverage is one of the thing that they stressed throughout this Phuket3 Internet Marketing Seminar.
I guess everybody in the room agrees and gives two thumbs up for these two young internet marketing speakers who are so dedicated in educating people. This live event definitely makes my weekend.
Watch out for my updates about Internet Marketing Seminar as there going to be a lot more tactics, strategies and mindblowing ideas that you never thought before. http://on.fb.me/dlu0ap
Saturday, November 20, 2010
Shaun Vince Firesales3 Product launch and JV Opportunity
Discover How You Can Profit From Over $65,175 Worth Of Other Peoples Best Selling Products (For Almost Nothing)..."
This all started on Friday evening in a resort in Phuket.
Shaun and Vince Firesale 3 was born with other 100 internet marketers.
This firesale3 has a totally value of USD 80,000 and it is comprised of the following niches
• Internet marketing
• Finance
• Relationship
• Personal development
• Money making
• Mindset
• Implementation
It consists of audio, tele seminars, email courses, workbook, template, software and video courses.
The only challenge with this type of firesale is most people will not use everything they have but in this case, since the products in this packages are so valuable, you just need to unpack what you needed at this moment.
If just use 1% in this package, you are going to see some changes of life in you!
This Shaun and Vince firesale is closing this Sunday 21 Nov 2010.
If you get your hands on it fast:-
1. You will also get a Step-by-step guide of their strategy that enables them to earn and build massive traffic in such a short time.
2.On top of that, you will also get a 30 minutes 1 to 1 skype training
3. Plan on how to rank number 1 in google
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* 22 videos that will make you a Wordpress blogger expert.
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Thursday, November 4, 2010
Billion Ringgit of Malaysia Visionary Projects
Malaysia Visionary Projects - Plan for 2011 and onward (15 years)
1. Implementation of Kuala Lumpur Mass Rapid Transit System and Underground Commercial Precinct
- Jointly proposed by Gamuda-MMC Corp Consortium in January 2010.
- Consist of Red..., Green and Circle/Loop Line.
- Total length of 141km, with Red and Green Line converging in KL International Financial District.
- An estimated total development cost of RM45 billion.
- Underground commercial precinct to be developed at a cost of RM2 billion.
- Status: To commence in 2011.
2. Kuala Lumpur International Financial District
- 34ha on what was formerly known as Dataran Perdana, Jalan Davis off Jalan Pudu.
- Dubbed "the world's newest financial district", the development included the redevelopment of Pasarakyat in Imbi area into a proposed transit hub.
- To be undertaken jointly by 1MDB and Abu Dhabi's Mubadala.
- An estimated GDV of RM26 billion.
- Status: To commence in 2011.
3. Redevelopment of Kampung Baru
- 152ha of land near KLCC potentially open for redevelopment.
- Permodalan Nasional Bhd (PNB) will conduct study for redevelopment plans.
- An estimated GDV of RM20 billion.
4. City of Malaysia, Redevelopment of Royal Malaysian Air Force Base
- 162ha of airport and army ground in Sungei Besi, south of KL city centre.
- Expected to be Malaysia's first carbon-neutral city with plans for a commercial hub complete with a heliport.
- Expected to be undertaken jointly by 1MDB and the Armed Forces Fund Board (LTAT).
- Potential investors include Qatar Investment Authority and Abu Dhabi's Mubadala.
- An estimated GDV of RM15 billion.
5. Naza KL Metropolis Development
- 25ha of land off Jalan Duta, within Menara Matrade and next to Sri Hartamas suburb.
- Site of the future MATRADE Centre, that will be Malaysia's largest meetings, convention and exhibition centre.
- To be undertaken by NAZA Group.
- An estimated GDV of RM15 billion.
- Status: To commence in 2011.
6. Tamansari Riverside Garden City
- 22ha regeneration of the former Pekeliling Flats, off Jalan Tun Razak and Jalan Pahang and between Putra World Trade Centre and KL General Hospital.
- Site of future 60-storey revolving skyscraper, first of its kind in Asia Pacific.
- To be undertaken by Malaysian, Thai and Australian consortium.
- An estimated GDV of RM12 billion.
7. Kuala Lumpur Sentral
- 29ha of land located between Jalan Travers and Jalan Tun Sambanthan.
- Completed Sentral Station, Malaysia's largest transit hub designed by world-renowned Dr Kisho Kurokawa.
- In 2006, KL Sentral became first MSC Malaysia Cybercentre.
- Undertaken by Malaysian Resources Corporation Bhd (MRCB).
- An estimated GDV of RM11.7 billion.
- Status: In-Progress for remaining parcels with completion in 2016.
8. Sungai Buloh RRI Development
- Privatisation of land owned by Rubber Research Institute of Malaysia (RRIM).
- 1,370ha of land in Sungai Buloh-Shah Alam corridor potentially open for development.
- Development to be led by 1MDB and the Employees Provident Fund.
- An estimated GDV of more than RM10 billion over 15 years.
9. Jalan Cochrane-Jalan Peel Developments
- Government land near Cochrane school, Cheras area.
- Expected to be undertaken jointly by MRCB, 1MDB and the Employees Provident Fund.
- An estimated GDV of RM10 billion.
- Status: To commence in 2011.
10. Kuala Lumpur Eco City
- 9.7ha of land on the former Kampung Haji Abdullah Hukum, neighbouring Mid Valley City.
- Integrated signature offices, residences and retail. The tallest building will have 54 storeys.
- To be undertaken jointly by S P Setia Group and KL City Council (DBKL).
- An estimated GDV of RM6 billion.
- Status: To commence in 2011.
11. Warisan Merdeka (Heritage of Independence)
- 7.7ha of land surrounding Stadium Merdeka (Independence Stadium) and Stadium Negara, off Jalan Maharajalela.
- Site of the proposed 100-storey "green-rated" skyscraper, that will be Malaysia's tallest building.
- Development plans may include the preservation of heritage site Stadium Merdeka.
- To be undertaken by Permodalan Nasional Bhd (PNB).
- An estimated GDV of RM5 billion.
- Status: To commence in 2011.
12. Bukit Bintang City Centre
- 8.6ha on what is today known as the 115-year old Pudu Prison.
- Redevelopment plans include offices, hotels, apartments, a transit centre and recreational centres.
- To be undertaken by UDA Holdings Bhd.
- An estimated GDV of RM5 billion.
- Status: To commence in 2011.
13. Setia City
- 96ha in Bandar Setia Alam, Shah Alam.
- A freehold development aimed to be the first green integrated commercial development comprising Setia City Mall, hotels, apartments, corporate offices and a convention centre.
- To be undertaken by S P Setia Group.
- An estimated GDV of RM5 billion.
- Status: In-Progress
14. Platinum Park KLCC
- 3.7ha on Jalan Binjai, adjacent to Kuala Lumpur City Centre (KLCC).
- Iconic landmarks are Felda Tower, NAZA Tower, Platinum Park Residences, Platinum Park Suites and a private landscaped park.
- Undertaken by NAZA Group.
- An estimated GDV of RM4.1 billion.
- Status: In-Progress
15. Bangsar South City
- 24ha of land located off Federal Highway, in Kerinchi/Pantai Dalam suburb.
- In 2010, Bangsar South became a MSC Malaysia Cybercentre.
- Undertaken by UOA Group.
- An estimated GDV of RM4 billion.
- Status: In-Progress
16. Damansara Avenue
- 19ha of land located off LDP Highway, adjacent to the neighbourhood of Bandar Sri Damansara, Sunway SPK Damansara and Desa ParkCity.
- Development is exected to take up to 10 years with up to 18 low-, mid- and high-rise blocks.
- Undertaken by TA Global Bhd.
- An estimated GDV of RM3.8 billion.
- Status: In-Progress
17. MPHB's Golden Triangle Development
- To complement the development of Kuala Lumpur International Financial District in Dataran Perdana.
- An iconic mixed development including a large shopping mall, 50-storey luxury condominiums, hotels and offices at the junction of Jalan Sultan Ismail and Jalan Imbi.
- To be undertaken by Multi-Purpose Group.
- An estimated GDV of RM3 billion.
- Status: To commence in 2011.
18. PJ Sentral Garden City
- 4.8ha of government land in Section 52, commonly known as "State" of Petaling Jaya.
- To be undertaken jointly by Gapurna Group and Selangor Development Corporation (PKNS).
- An estimated GDV of RM3 billion.
- Status: To commence in 2011.
19. Kuala Lumpur Media City
- Redevelopment of government land surrounding Angkasapuri (headquarters of Radio Television Malaysia), Kerinchi/Pantai Dalam suburb.
- An estimated GDV of RM2 billion.
20. One Jalil (Jalil Green City)
- 24ha land in Bandar Bukit Jalil township to be developed into a town centre.
- To be undertaken by Ho Hup Construction Group.
- An estimated GDV of RM2 billion.
21. Sunway VeloCity
- 10.1ha land adjacent to Jalan Peel and Jalan Cheras.
- Undertaken by Sunway City Bhd.
- An estimated GDV of RM1.5 billion.
- Status: In-Progress
22. Datum Jelatek
- 2.4ha on the former Flat Columbia site next to Jelatek LRT station, Jalan Jelatek in Taman Keramat suburb.
- Redevelopment plans include four 45-storey towers and a shopping mall.
- Undertaken by Selangor Development Corporation (PKNS).
- An estimated GDV of RM1.2 billion.
23. Bukit Jelutong Commercial Centre
- 72.8ha of land earmarked for a world-class sustainable development in Bukit Jelutong, Shah Alam.
- To be undertaken jointly by Sime Darby and Sunrise Bhd.
- An estimated GDV of RM1 billion.
- Status: To commence in 2011.
Oh yes, starting 4th November 2010, Bank Negara has announced all Residential property loans for the 3rd property onwards margin of finance of 70% effective immediately. This ruling will affect more for the medium and lower end property investors and less for the higher end residential property investors because the high end investors has more money. Good news to 1st time genuine home-buyer...time to pickup! Tips to invest!
Check out the latest link..
http://www.btimes.com.my/Current_News/BTIMES/articles/morts/Article/index_html
1. Implementation of Kuala Lumpur Mass Rapid Transit System and Underground Commercial Precinct
- Jointly proposed by Gamuda-MMC Corp Consortium in January 2010.
- Consist of Red..., Green and Circle/Loop Line.
- Total length of 141km, with Red and Green Line converging in KL International Financial District.
- An estimated total development cost of RM45 billion.
- Underground commercial precinct to be developed at a cost of RM2 billion.
- Status: To commence in 2011.
2. Kuala Lumpur International Financial District
- 34ha on what was formerly known as Dataran Perdana, Jalan Davis off Jalan Pudu.
- Dubbed "the world's newest financial district", the development included the redevelopment of Pasarakyat in Imbi area into a proposed transit hub.
- To be undertaken jointly by 1MDB and Abu Dhabi's Mubadala.
- An estimated GDV of RM26 billion.
- Status: To commence in 2011.
3. Redevelopment of Kampung Baru
- 152ha of land near KLCC potentially open for redevelopment.
- Permodalan Nasional Bhd (PNB) will conduct study for redevelopment plans.
- An estimated GDV of RM20 billion.
4. City of Malaysia, Redevelopment of Royal Malaysian Air Force Base
- 162ha of airport and army ground in Sungei Besi, south of KL city centre.
- Expected to be Malaysia's first carbon-neutral city with plans for a commercial hub complete with a heliport.
- Expected to be undertaken jointly by 1MDB and the Armed Forces Fund Board (LTAT).
- Potential investors include Qatar Investment Authority and Abu Dhabi's Mubadala.
- An estimated GDV of RM15 billion.
5. Naza KL Metropolis Development
- 25ha of land off Jalan Duta, within Menara Matrade and next to Sri Hartamas suburb.
- Site of the future MATRADE Centre, that will be Malaysia's largest meetings, convention and exhibition centre.
- To be undertaken by NAZA Group.
- An estimated GDV of RM15 billion.
- Status: To commence in 2011.
6. Tamansari Riverside Garden City
- 22ha regeneration of the former Pekeliling Flats, off Jalan Tun Razak and Jalan Pahang and between Putra World Trade Centre and KL General Hospital.
- Site of future 60-storey revolving skyscraper, first of its kind in Asia Pacific.
- To be undertaken by Malaysian, Thai and Australian consortium.
- An estimated GDV of RM12 billion.
7. Kuala Lumpur Sentral
- 29ha of land located between Jalan Travers and Jalan Tun Sambanthan.
- Completed Sentral Station, Malaysia's largest transit hub designed by world-renowned Dr Kisho Kurokawa.
- In 2006, KL Sentral became first MSC Malaysia Cybercentre.
- Undertaken by Malaysian Resources Corporation Bhd (MRCB).
- An estimated GDV of RM11.7 billion.
- Status: In-Progress for remaining parcels with completion in 2016.
8. Sungai Buloh RRI Development
- Privatisation of land owned by Rubber Research Institute of Malaysia (RRIM).
- 1,370ha of land in Sungai Buloh-Shah Alam corridor potentially open for development.
- Development to be led by 1MDB and the Employees Provident Fund.
- An estimated GDV of more than RM10 billion over 15 years.
9. Jalan Cochrane-Jalan Peel Developments
- Government land near Cochrane school, Cheras area.
- Expected to be undertaken jointly by MRCB, 1MDB and the Employees Provident Fund.
- An estimated GDV of RM10 billion.
- Status: To commence in 2011.
10. Kuala Lumpur Eco City
- 9.7ha of land on the former Kampung Haji Abdullah Hukum, neighbouring Mid Valley City.
- Integrated signature offices, residences and retail. The tallest building will have 54 storeys.
- To be undertaken jointly by S P Setia Group and KL City Council (DBKL).
- An estimated GDV of RM6 billion.
- Status: To commence in 2011.
11. Warisan Merdeka (Heritage of Independence)
- 7.7ha of land surrounding Stadium Merdeka (Independence Stadium) and Stadium Negara, off Jalan Maharajalela.
- Site of the proposed 100-storey "green-rated" skyscraper, that will be Malaysia's tallest building.
- Development plans may include the preservation of heritage site Stadium Merdeka.
- To be undertaken by Permodalan Nasional Bhd (PNB).
- An estimated GDV of RM5 billion.
- Status: To commence in 2011.
12. Bukit Bintang City Centre
- 8.6ha on what is today known as the 115-year old Pudu Prison.
- Redevelopment plans include offices, hotels, apartments, a transit centre and recreational centres.
- To be undertaken by UDA Holdings Bhd.
- An estimated GDV of RM5 billion.
- Status: To commence in 2011.
13. Setia City
- 96ha in Bandar Setia Alam, Shah Alam.
- A freehold development aimed to be the first green integrated commercial development comprising Setia City Mall, hotels, apartments, corporate offices and a convention centre.
- To be undertaken by S P Setia Group.
- An estimated GDV of RM5 billion.
- Status: In-Progress
14. Platinum Park KLCC
- 3.7ha on Jalan Binjai, adjacent to Kuala Lumpur City Centre (KLCC).
- Iconic landmarks are Felda Tower, NAZA Tower, Platinum Park Residences, Platinum Park Suites and a private landscaped park.
- Undertaken by NAZA Group.
- An estimated GDV of RM4.1 billion.
- Status: In-Progress
15. Bangsar South City
- 24ha of land located off Federal Highway, in Kerinchi/Pantai Dalam suburb.
- In 2010, Bangsar South became a MSC Malaysia Cybercentre.
- Undertaken by UOA Group.
- An estimated GDV of RM4 billion.
- Status: In-Progress
16. Damansara Avenue
- 19ha of land located off LDP Highway, adjacent to the neighbourhood of Bandar Sri Damansara, Sunway SPK Damansara and Desa ParkCity.
- Development is exected to take up to 10 years with up to 18 low-, mid- and high-rise blocks.
- Undertaken by TA Global Bhd.
- An estimated GDV of RM3.8 billion.
- Status: In-Progress
17. MPHB's Golden Triangle Development
- To complement the development of Kuala Lumpur International Financial District in Dataran Perdana.
- An iconic mixed development including a large shopping mall, 50-storey luxury condominiums, hotels and offices at the junction of Jalan Sultan Ismail and Jalan Imbi.
- To be undertaken by Multi-Purpose Group.
- An estimated GDV of RM3 billion.
- Status: To commence in 2011.
18. PJ Sentral Garden City
- 4.8ha of government land in Section 52, commonly known as "State" of Petaling Jaya.
- To be undertaken jointly by Gapurna Group and Selangor Development Corporation (PKNS).
- An estimated GDV of RM3 billion.
- Status: To commence in 2011.
19. Kuala Lumpur Media City
- Redevelopment of government land surrounding Angkasapuri (headquarters of Radio Television Malaysia), Kerinchi/Pantai Dalam suburb.
- An estimated GDV of RM2 billion.
20. One Jalil (Jalil Green City)
- 24ha land in Bandar Bukit Jalil township to be developed into a town centre.
- To be undertaken by Ho Hup Construction Group.
- An estimated GDV of RM2 billion.
21. Sunway VeloCity
- 10.1ha land adjacent to Jalan Peel and Jalan Cheras.
- Undertaken by Sunway City Bhd.
- An estimated GDV of RM1.5 billion.
- Status: In-Progress
22. Datum Jelatek
- 2.4ha on the former Flat Columbia site next to Jelatek LRT station, Jalan Jelatek in Taman Keramat suburb.
- Redevelopment plans include four 45-storey towers and a shopping mall.
- Undertaken by Selangor Development Corporation (PKNS).
- An estimated GDV of RM1.2 billion.
23. Bukit Jelutong Commercial Centre
- 72.8ha of land earmarked for a world-class sustainable development in Bukit Jelutong, Shah Alam.
- To be undertaken jointly by Sime Darby and Sunrise Bhd.
- An estimated GDV of RM1 billion.
- Status: To commence in 2011.
Oh yes, starting 4th November 2010, Bank Negara has announced all Residential property loans for the 3rd property onwards margin of finance of 70% effective immediately. This ruling will affect more for the medium and lower end property investors and less for the higher end residential property investors because the high end investors has more money. Good news to 1st time genuine home-buyer...time to pickup! Tips to invest!
Check out the latest link..
http://www.btimes.com.my/Current_News/BTIMES/articles/morts/Article/index_html
Thursday, October 7, 2010
Behind every Great Statesman, stands a Great Woman - Singapore Mdm Kwa Geok Choo
Image via WikipediaThe last farewell to Madam Kwa Geok Choo — Lee Kuan Yew
October 06, 2010
Oct 6 — Ancient peoples developed and ritualised mourning practices to express the shared grief of family and friends, and together show not fear or distaste for death, but respect for the dead one; and to give comfort to the living who will miss the deceased.
I recall the ritual mourning when my maternal grandmother died some 75 years ago. For five nights the family would gather to sing her praises and wail and mourn at her departure, led by a practiced professional mourner.
Such rituals are no longer observed. My family’s sorrow is to be expressed in personal tributes to the matriarch of our family.
In October 2003 when she had her first stroke, we had a strong intimation of our mortality.
My wife and I have been together since 1947 for more than three quarters of our lives. My grief at her passing cannot be expressed in words. But today, when recounting our lives together, I would like to celebrate her life.
In our quiet moments, we would revisit our lives and times together. We had been most fortunate. At critical turning points in our lives, fortune favoured us.
As a young man with an interrupted education at Raffles College, and no steady job or profession, her parents did not look upon me as a desirable son-in-law. But she had faith in me.
We had committed ourselves to each other. I decided to leave for England in September 1946 to read law, leaving her to return to Raffles College to try to win one of the two Queen’s Scholarships awarded yearly. We knew that only one Singaporean would be awarded. I had the resources, and sailed for England, and hoped that she would join me after winning the Queen’s Scholarship.
If she did not win it, she would have to wait for me for three years.
In June the next year, 1947, she did win it. But the British colonial office could not get her a place in Cambridge.
Through Chief Clerk of Fitzwilliam, I discovered that my Censor at Fitzwilliam, W S Thatcher, was a good friend of the Mistress of Girton, Miss Butler.
He gave me a letter of introduction to the Mistress. She received me and I assured her that Choo would most likely take a “First”, because she was the better student when we both were at Raffles College.
I had come up late by one
term to Cambridge, yet passed my first year qualifying examination with a class 1. She studied Choo’s academic record and decided to admit her in October that same year, 1947.
We have kept each other company ever since. We married privately in December 1947 at Stratford-upon-Avon. At Cambridge, we both put in our best efforts. She took a first in two years in Law Tripos II. I took a double first, and a starred first for the finals, but in three years.
We did not disappoint our tutors. Our Cambridge Firsts gave us a good start in life. Returning to Singapore, we both were taken on as legal assistants in Laycock & Ong, a
thriving law firm in Malacca Street. Then we married officially a second time that September 1950 to please our parents and friends. She practised conveyancing and draftsmanship, I did litigation.
In February 1952, our first son Hsien Loong was born. She took maternity leave for a year.
That February, I was asked by John Laycock, the Senior Partner, to take up the case of the Postal and Telecommunications Uniformed Staff Union, the postmen’s union.
They were negotiating with the government for better terms and conditions of service. Negotiations were deadlocked and they decided to go on strike. It was a battle for public support. I was able to put across the reasonableness of their case through the press and radio. After a fortnight, they won concessions from the government. Choo, who was at home on maternity leave, pencilled through my draft statements, making them simple and clear.
Over the years, she influenced my writing style. Now I write in short sentences, in the active voice. We gradually influenced each other’s ways and habits as we adjusted and accommodated each other.
We knew that we could not stay starry-eyed lovers all our lives; that life was an on-going challenge with new problems to resolve and manage.
We had two more children, Wei Ling in 1955 and Hsien Yang in 1957. She brought them up to be well-behaved, polite, considerate and never to throw their weight as the prime minister’s children.
As a lawyer, she earned enough, to free me from worries about the future of our children.
She saw the price I paid for not having mastered Mandarin when I was young. We decided to send all three children to Chinese kindergarten and schools.
She made sure they learned English and Malay well at home. Her nurturing has equipped them for life in a multi-lingual region.
We never argued over the upbringing of our children, nor over financial matters. Our earnings and assets were jointly held. We were each other’s confidant.
She had simple pleasures. We would walk around the Istana gardens in the evening, and I hit golf balls to relax.
Later, when we had grandchildren, she would take them to feed the fish and the swans in the Istana ponds. Then we would swim. She was interested in her surroundings, for instance, that many bird varieties were pushed out by mynahs and crows eating
up the insects and vegetation.
She discovered the curator of the gardens had cleared wild grasses and swing fogged for mosquitoes, killing off insects they fed on. She stopped this and the bird varieties returned. She surrounded the swimming pool with free flowering scented flowers and derived great pleasure smelling them as she swam.
She knew each flower by its popular and botanical names. She had an enormous capacity for words.
She had majored in English literature at Raffles College and was a voracious reader, from Jane Austen to JRR Tolkien, from Thucydides’ The Peloponnesian Wars to Virgil’s Aeneid, to The Oxford Companion to Food, and Seafood of Southeast Asia, to Roadside Trees of Malaya, and Birds of Singapore.
She helped me draft the Constitution of the PAP. For the inaugural meeting at Victoria Memorial Hall on 4 November 1954, she gathered the wives of the founder members to sew rosettes for those who were going on stage.
In my first election for Tanjong Pagar, our home in Oxley Road, became the HQ to assign cars provided by my supporters to ferry voters to the polling booth.
She warned me that I could not trust my new found associates, the leftwing trade unionists led by Lim Chin Siong. She was furious that he never sent their high school student helpers to canvass for me in Tanjong Pagar, yet demanded the use of cars provided by my supporters to ferry my Tanjong Pagar voters.
She had an uncanny ability to read the character of a person. She would sometimes warn me to be careful of certain persons; often, she turned out to be right.
When we were about to join Malaysia, she told me that we would not succeed because the UMNO Malay leaders had such different lifestyles and because their politics were communally-based, on race and religion.
I replied that we had to make it work as there was no better choice. But she was right.
We were asked to leave Malaysia before two years.
When separation was imminent, Eddie Barker, as Law Minister, drew up the draft legislation for the separation. But he did not include an undertaking by the Federation Government to guarantee the observance of the two water agreements between the PUB and the Johor state government. I asked Choo to include this. She drafted the undertaking as part of the constitutional amendment of the Federation of Malaysia Constitution itself.
She was precise and meticulous in her choice of words. The amendment statute was annexed to the Separation Agreement, which we then registered with the United Nations.
The then Commonwealth Secretary Arthur Bottomley said that if other federations were to separate, he hoped they would do it as professionally as Singapore and Malaysia.
It was a compliment to Eddie’s and Choo’s professional skills. Each time Malaysian Malay leaders threatened to cut off our water supply, I was reassured that this clear and solemn international undertaking by the Malaysian government in its Constitution will get us a ruling by the UNSC (United Nations Security Council).
After her first stroke, she lost her left field of vision. This slowed down her reading. She learned to cope, reading with the help of a ruler. She swam every evening and kept fit. She continued to travel with me, and stayed active despite the stroke. She stayed in touch with her family and old friends.
She listened to her collection of CDs, mostly classical, plus some golden oldies. She jocularly divided her life into “before stroke” and “after stroke”, like BC and AD.
She was friendly and considerate to all associated with her. She would banter with her WSOs (woman security officers) and correct their English grammar and pronunciation in a friendly and cheerful way. Her former WSOs visited her when she was at NNI. I thank them all.
Her second stroke on 12 May 2008 was more disabling. I encouraged and cheered her on, helped by a magnificent team of doctors, surgeons, therapists and nurses.
Her nurses, WSOs and maids all grew fond of her because she was warm and considerate. When she coughed, she would take her small pillow to cover her mouth because she worried for them and did not want to infect them.
Her mind remained clear but her voice became weaker. When I kissed her on her cheek, she told me not to come too close to her in case I caught her pneumonia.
I assured her that the doctors did not think that was likely because I was active.
When given some peaches in hospital, she asked the maid to take one home for my lunch. I was at the centre of her life.
On 24 June 2008, a CT scan revealed another bleed again on the right side of her brain. There was not much more that medicine or surgery could do except to keep her comfortable.
I brought her home on 3 July 2008. The doctors expected her to last a few weeks. She lived till 2nd October, 2 years and 3 months.
She remained lucid. They gave time for me and my children to come to terms with the inevitable. In the final few months, her faculties declined. She could not speak but her cognition remained.
She looked forward to have me talk to her every evening.
Her last wish she shared with me was to enjoin our children to have our ashes placed together, as we were in life.
The last two years of her life were the most difficult. She was bedridden after small successive strokes; she could not speak but she was still cognisant.
Every night she would wait for me to sit by her to tell her of my day’s activities and to read her favourite poems. Then she would sleep.
I have precious memories of our 63 years together. Without her, I would be a different man, with a different life. She devoted herself to me and our children.
She was always there when I needed her. She has lived a life full of warmth and meaning.
I should find solace at her 89 years of her life well lived. But at this moment of the final parting, my heart is heavy with sorrow and grief.
* This eulogy by Singapore’s Minister Mentor Lee Kuan Yew was delivered at the funeral service of his wife, Madam Kwa Geok Choo at a private ceremony at Mandai Cremetorium today.
* This is the personal opinion of the writer or publication. The Malaysian Insider does not endorse the view unless specified.
Tuesday, October 5, 2010
Reasons to focus on Real Estate Investment
More Reasons to Shift to Real Estate
Milan Doshi compares portfolio investments with real estate returns and gives convincing reasons why you should shift your investment to real estate
In my previous article on “Boring and Slow versus Exciting and Uncertain Returns” (if you have not read it, click http://www.iproperty.com.my/news/2410/Boring-and-Slow-versus-Exciting-and-Uncertain-Returns), my conclusion was that Boring and Slow Returns (in real estate) is anytime better than Exciting and Uncertain Returns (in other portfolio investments) … over the long term that is! See Chart 1 below taken from the previous article.
Chart 1
For portfolio investments, you need compounded returns of between 12-14% every year for the next 20 years in order to match the returns from the Net Worth Divergence effect in property investments. What is even more surprising is that over a 20- year time frame, real estate outperforms in the first 18 years and only loses out in the last 2 years! 18 out of 20 years means that 90% of the time, property comes out ahead.
Property: Less Work
When I shared this with some friends who are active stock and futures traders, they too were quite surprised. While their short term trading goal was to make 10-20% per trade or per month, after adding up their profitable and losing months, the returns on their capital averages around 15-20% per annum in a normal year. For exceptional years, the difference could be more than +/- 30%! These are traders who spend a minimum of 6 hours per day Mondays to Fridays trading and/or watching the markets.
On the other hand, a real estate investor only needs to invest approximately 50 to 100 hours upfront to find a good property, get it financed and tenanted. Thereafter, the property continues working for him for life. Even after the buyer passes away many years later, the property still continues working for his beneficiaries. Only a little time and effort is needed every few years whenever there is a change of tenants. In this regard, real estate definitely makes more sense compared to trading as a lot less time and effort is required to achieve more or less the same sort of returns in normal years. The other advantage is that there are no wild swings in the returns even during exceptional years.
Being inquisitive, I didn’t stop here. I asked a few of my good friends in the financial industry to give me names of investments which had given compounded returns of around 12-14% pa in the last 20 years.
According to my friend in Public Mutual, their best performing fund is the Public Savings Fund. See Chart 2 below taken from their website at:
http://www.publicmutual.com.my/application/fund/performance.aspx
Chart 2
Another fund of theirs which has consistently been the No. 1 fund in its category since its launch is the Public Smallcap Fund. See Chart 3 below
Chart 3
I tried computing the annualized compounded return of both these funds but it was a futile effort as both these charts only show the Gross Returns (i.e. dividends have been added in) whereas all upfront costs and annual fees have been excluded.
For the stock market, the obvious answer from most Remisiers was Public Bank. See Chart 4 below which shows the price of Public Bank from 1987 to 2009. The drawback of this chart is that it only shows the stock price performance. The quantity of shares that have increased over the years thanks to the bonus issues and dividends paid out every year are excluded.
Chart 4 of Public Bank Bhd
Volatile Shares
Hopefully some academician reading this article may take the initiative to do an “apple to apple” comparison as well as compute the compounded returns over the long term. The best I can do is to make a “pictorial” comparison using the 4 charts. The following conclusions emerge:
1. Up to 1992, portfolio investments were growing steadily with little volatility, very much like real estate. Buy and hold strategies in either mutual funds or blue chip stocks worked. It made sense to diversify and split your investment capital into both real estate and portfolio investments.
2. After the stock market Super Bull Run in 1993, the entire dynamics of portfolio investments changed. A lot of people saw the stock market as their ticket to make quick money. The money was not in the slower blue chips or buy and hold strategies, but to trade in speculative second liners based on rumours. While quick money could be made, there were also a lot of occasions that money was lost even quicker. The stock market became a casino for many people. Many people even lost their shirts on their back and more!
3. In the last 10 years thanks to the internet and globalization, the volatility of portfolio investments has increased tremendously. We have experienced and will continue to see a lot of steep “mountains and valleys” in terms of price volatility. If 100% of your capital is invested into paper assets, your Net Worth will also experience many steep “mountains and valleys”. Hence it’s advisable to shift more of your capital into real estate.
My suggestion is to allocate at least 70% or more of your investment capital into real estate to shield your Net Worth from the price volatility of portfolio investments. As long as you buy completed properties in good locations that are easy to rent out with rental enough to pay the monthly installments, the risks of real estate investment are pretty low.
4. The higher price volatility of portfolio investments in recent years also indirectly affects the property market. In globalized cities such as Hong Kong and Singapore, their real estate prices have also have experienced a lot of steep “mountains and valleys”. This is mainly due to their limited land supply and high demand from foreigners due to their foreign investor friendly government policies. Hence the timing of your entry and exit points in the real estate in these two cities is extremely important.
In this regard, we are much luckier in Malaysia and the Klang Valley in particular. Unlike Hong Kong and Singapore, we still have ample land supply and lower demand from foreign investors. Hence our real estate prices have only experienced gentle “hills and valleys”. This makes our real estate market a lot less riskier to invest in.
I hope this article gives you even more reasons to shift more of your investment capital into real estate in light of the increased volatility in portfolio investments in recent years.
Milan Doshi compares portfolio investments with real estate returns and gives convincing reasons why you should shift your investment to real estate
In my previous article on “Boring and Slow versus Exciting and Uncertain Returns” (if you have not read it, click http://www.iproperty.com.my/news/2410/Boring-and-Slow-versus-Exciting-and-Uncertain-Returns), my conclusion was that Boring and Slow Returns (in real estate) is anytime better than Exciting and Uncertain Returns (in other portfolio investments) … over the long term that is! See Chart 1 below taken from the previous article.
Chart 1
For portfolio investments, you need compounded returns of between 12-14% every year for the next 20 years in order to match the returns from the Net Worth Divergence effect in property investments. What is even more surprising is that over a 20- year time frame, real estate outperforms in the first 18 years and only loses out in the last 2 years! 18 out of 20 years means that 90% of the time, property comes out ahead.
Property: Less Work
When I shared this with some friends who are active stock and futures traders, they too were quite surprised. While their short term trading goal was to make 10-20% per trade or per month, after adding up their profitable and losing months, the returns on their capital averages around 15-20% per annum in a normal year. For exceptional years, the difference could be more than +/- 30%! These are traders who spend a minimum of 6 hours per day Mondays to Fridays trading and/or watching the markets.
On the other hand, a real estate investor only needs to invest approximately 50 to 100 hours upfront to find a good property, get it financed and tenanted. Thereafter, the property continues working for him for life. Even after the buyer passes away many years later, the property still continues working for his beneficiaries. Only a little time and effort is needed every few years whenever there is a change of tenants. In this regard, real estate definitely makes more sense compared to trading as a lot less time and effort is required to achieve more or less the same sort of returns in normal years. The other advantage is that there are no wild swings in the returns even during exceptional years.
Being inquisitive, I didn’t stop here. I asked a few of my good friends in the financial industry to give me names of investments which had given compounded returns of around 12-14% pa in the last 20 years.
According to my friend in Public Mutual, their best performing fund is the Public Savings Fund. See Chart 2 below taken from their website at:
http://www.publicmutual.com.my/application/fund/performance.aspx
Chart 2
Another fund of theirs which has consistently been the No. 1 fund in its category since its launch is the Public Smallcap Fund. See Chart 3 below
Chart 3
I tried computing the annualized compounded return of both these funds but it was a futile effort as both these charts only show the Gross Returns (i.e. dividends have been added in) whereas all upfront costs and annual fees have been excluded.
For the stock market, the obvious answer from most Remisiers was Public Bank. See Chart 4 below which shows the price of Public Bank from 1987 to 2009. The drawback of this chart is that it only shows the stock price performance. The quantity of shares that have increased over the years thanks to the bonus issues and dividends paid out every year are excluded.
Chart 4 of Public Bank Bhd
Volatile Shares
Hopefully some academician reading this article may take the initiative to do an “apple to apple” comparison as well as compute the compounded returns over the long term. The best I can do is to make a “pictorial” comparison using the 4 charts. The following conclusions emerge:
1. Up to 1992, portfolio investments were growing steadily with little volatility, very much like real estate. Buy and hold strategies in either mutual funds or blue chip stocks worked. It made sense to diversify and split your investment capital into both real estate and portfolio investments.
2. After the stock market Super Bull Run in 1993, the entire dynamics of portfolio investments changed. A lot of people saw the stock market as their ticket to make quick money. The money was not in the slower blue chips or buy and hold strategies, but to trade in speculative second liners based on rumours. While quick money could be made, there were also a lot of occasions that money was lost even quicker. The stock market became a casino for many people. Many people even lost their shirts on their back and more!
3. In the last 10 years thanks to the internet and globalization, the volatility of portfolio investments has increased tremendously. We have experienced and will continue to see a lot of steep “mountains and valleys” in terms of price volatility. If 100% of your capital is invested into paper assets, your Net Worth will also experience many steep “mountains and valleys”. Hence it’s advisable to shift more of your capital into real estate.
My suggestion is to allocate at least 70% or more of your investment capital into real estate to shield your Net Worth from the price volatility of portfolio investments. As long as you buy completed properties in good locations that are easy to rent out with rental enough to pay the monthly installments, the risks of real estate investment are pretty low.
4. The higher price volatility of portfolio investments in recent years also indirectly affects the property market. In globalized cities such as Hong Kong and Singapore, their real estate prices have also have experienced a lot of steep “mountains and valleys”. This is mainly due to their limited land supply and high demand from foreigners due to their foreign investor friendly government policies. Hence the timing of your entry and exit points in the real estate in these two cities is extremely important.
In this regard, we are much luckier in Malaysia and the Klang Valley in particular. Unlike Hong Kong and Singapore, we still have ample land supply and lower demand from foreign investors. Hence our real estate prices have only experienced gentle “hills and valleys”. This makes our real estate market a lot less riskier to invest in.
I hope this article gives you even more reasons to shift more of your investment capital into real estate in light of the increased volatility in portfolio investments in recent years.
Wednesday, September 29, 2010
Social networking will it impact your reputation?
Lately have been busy with Social Marketing. Sorry busy unable to blog more often as i wish to...
Have come across article about the office gossips via social networking eg. facebook, twitter, will really destroy an innocent person. Celebrity also have turn off the twitter account to control the situation...
With headhunters visiting social networking sites to check on candidates, it pays to safeguard your reputation on the internet. Your online reputation and profile is something you need to track vigilantly as it has the capacity to reach far and wide within and outside your organisation.
Many senior executives are still not clued in to this medium and underestimate the power of this channel - information on the internet moves faster and reaches a much larger audience.
JJ and Ian recent radio HitFM have interviewed a guy whom his wife have complaint that she is not happy and the friends all known about it before he does..this is crazy
Here are some aspects of your online reputation that you need to be aware of;
1) What search engines pick up
Google yourself regulary. Run searches on yourself as this will give you an opportunity to see what news about you is being tracked. Even if you cannot change it, you can prepare yourself for questions that may be asked.
2) Watch what you say
Monitor what you say, as it can come back to "bite" you. If you are making any comments online, make sure that it enhances your profile. Join groups and discussion threads that can add to your profile. The net community also shows up your personality and interests. Choose where you want to be seen and whom you want to be seen with.
Enhance your online identity by updating your profile to add your accomplishments and your expertise. In this way you come up in searches on areas that you want to be known for.
3)Join online communities
Not only can you become a part of different communities that support your career aspirations and interests, you can also have followers. Sites like Twitter do exactly that, and by choosing to follow someone prominent, you can boost your follower profile.
People also discuss what you do and how you do it online in their own blogs, chat room and social networking sites, so it pays to think about the repercussions of your action before doing something and its impact on
you and your organisation.
4) Track what others say
Headhunters pickup information on what others say about you. Sites like LinkedIn include recommendations to share what others think about youand their experience of you. It is easy to pick out the ones that have been "staged" versus the ones that are genuine.
Also take note of what your children are saying about you on their Facebook profiles and the pictures they are puttingup of you. Everytime you update your profile or your pictures, messages go out to your community to let them know that you have made some updates.
Review the photos that you get tagged to. There is no privacy these days and if you are out with friends partying, these photos sometimes can make their way into someone's facebook profile. You can of course ask them to untag it but this can only happen if you are constantly monitoring your profile.
Social networking sites have an impact on your reputation. Create a positive online presence as these sites are being trawled by headhunters and prospective employers.
5) Stay connected
You never know who is in touch with whom and it is quite amazing to see the web of relationships online. A quiet person at work may have a contact base of over 500 people online. Some of these people may include ex-employees who work with competitors. Information is no longer exclusive and the chances of it getting leaked out are very high.
Stay connected instead of shutting this medium out. In this way, you can at least keep track on what is going on out there. There are online tools that help you track your reputation and build your personal brand online.
many senior executives are not active in managing their online profile after adding the cursory data. Some even view it as something they need to avoid as it invades their privacy.
It is not possible to shut this channel out anymore. Embrace it and make it work for you.
Remember that active users of the internet are people who demand transparency and congruence in what people say and do.
Your online identity is not separate from your identity offline - the divide between the two are merging and your online identity should be seen as an extension of you.
Tuesday, September 28, 2010
Blogs Site Tips
Byondlicious highly recommend create more blogs. The following are the few blogger website that you can refer.
1) www.blogger.com
2) www.wordpress.com
3) www.weblog.com
4) www.weebly.com
5) www.sosblog.com
6) www.thoughts.com
7) choseit.com
8) www.webgarden.com
9) www.myblogsite.com
When we write postings for our daily blogs, it's always good to have some images to bring more live to the postings. It would be good to get out your camera and snap images/photos that relates to the topic that you are blogging about. Now with Camera Phones and small Point-and-Shoot cameras in the market, you could easily snap anything you want on the go.
But if you still do not have the right image to insert into your blog post, you can always download images from the internet. You can choose to purchase these images or download some free ones.
These are some sites that provides Free Downloads. (this is Free at time of posting, read about the TERM of USE. )
1) http://www.rgbstock.com/ -- this is a new site with photos/images added daily
2) http://www.photovaco.com
3) http://www.freepixels.com/
4) http://www.publicdomainpictures.net
5) http://www.free-stock-photos.co.uk
6) http://freefoto.ca/
7) http://www.themeheaders.com/ -- for header images
8) http://www.freedigitalphotos.net
9) http://picapp.com/
10) http://www.everystockphoto.com/ (search engine for free photos)
Paid images
1) http://www.istockphoto.com/index.php
2) http://valuestockphoto.com/
3) http://www.dreamstime.com/
4) http://www.photl.com/en/
5) http://www.sxc.hu/
1) www.blogger.com
2) www.wordpress.com
3) www.weblog.com
4) www.weebly.com
5) www.sosblog.com
6) www.thoughts.com
7) choseit.com
8) www.webgarden.com
9) www.myblogsite.com
When we write postings for our daily blogs, it's always good to have some images to bring more live to the postings. It would be good to get out your camera and snap images/photos that relates to the topic that you are blogging about. Now with Camera Phones and small Point-and-Shoot cameras in the market, you could easily snap anything you want on the go.
But if you still do not have the right image to insert into your blog post, you can always download images from the internet. You can choose to purchase these images or download some free ones.
These are some sites that provides Free Downloads. (this is Free at time of posting, read about the TERM of USE. )
1) http://www.rgbstock.com/ -- this is a new site with photos/images added daily
2) http://www.photovaco.com
3) http://www.freepixels.com/
4) http://www.publicdomainpictures.net
5) http://www.free-stock-photos.co.uk
6) http://freefoto.ca/
7) http://www.themeheaders.com/ -- for header images
8) http://www.freedigitalphotos.net
9) http://picapp.com/
10) http://www.everystockphoto.com/ (search engine for free photos)
Paid images
1) http://www.istockphoto.com/index.php
2) http://valuestockphoto.com/
3) http://www.dreamstime.com/
4) http://www.photl.com/en/
5) http://www.sxc.hu/
Happy blogging!
Wednesday, September 8, 2010
Malaysia Property Bubbles Start
Malaysian Insider:
Prices of residential property have surged by as much as 35 per cent in the past year despite a growing overhang in supply, far outpacing income growth and giving rise to concerns that the market is becoming unsustainable.
Figures provided by the National Property Information Centre (Napic) show that average prices for homes in Malaysia rose a whopping 19 per cent to RM273,000 in the first half of this year, from RM220,000 in the same period last year. For Kuala Lumpur, the increase has been even more dramatic, rising an eye-watering 35 per cent to more than RM700,000 in the first half of the year, up from RM523,000 last year.
The market, however, may be starting to lose its appetite for properties due to the high prices.
Napic’s Property Overhang reports show that unsold properties in Malaysia rose to 22.6 per cent of new launches in the second quarter of this year, from 19.5 per cent in the fourth quarter of last year. For Kuala Lumpur, unsold properties rose to 16.1 per cent from 15.8 per cent, while for Selangor it rose to 14.6 per cent from 12.4 per cent.
Checks on developments completed this year also show that vacancy rates remain at 50 per cent or higher.
The Edge business weekly reported recently that the government is mulling capping mortgages to 80 per cent of value in a bid to keep the market from overheating although MCA has come out strongly against the move. This comes as Singapore introduced a series of measures to reign in investors and speculators, such as a 70 per cent mortgage cap for buyers with more than one property and launching 36,000 public housing units this year and next.
While Napic does not have a housing affordability index, a rough calculation shows that the average price of RM273,000 is about 5.6 times that of an average annual household income of RM48,000. The average price of a KL home is now a steep 13 times that of the average urban household income of RM54,000 and a possible sign that the market is headed for a bubble.
The sharp increase in prices is said to be at least partly due to speculative demand as investors snap up multiple properties in the hope that prices will keep on spiraling upward — despite low occupancy rates that could affect rental yields.
Some real estate agents and developers have privately expressed worries that the market is already too speculative and the price escalation is not sustainable.
“I am all for sustainable price growth but the current market is too speculative,” one developer told The Malaysian Insider. “Most of the units are taken up by employees of the developer hoping to sell for a profit when the development is completed.”
Many developments completed in the past year such as Ameera in SS2 Petaling Jaya, Cova Suites in Kota Damansara and Challis Damansara in Sunway Damansara are experiencing only about 30-50 per cent occupancy rates, according to real estate agents. A check on new high-end condo Zehn in Pantai where sellers are asking for RM2.2 million per unit revealed the building to be almost completely dark at night.
Rental yields are starting to slide given that supply far outstrips demand.
A typical unit at Ameera is on the market for RM750,000. Given a 90 per cent margin of financing (MOF) over a 20 year tenure, the monthly loan repayment for a unit there works out to be about RM4,855. Rental rates at Ameera, however, are only about RM3,000 for a partly furnished unit.
A stand-off could be developing where buyers are now balking even as sellers are trying to hold out for higher prices.
Housing and local government minister Datuk Chor Chee Heung said that the high savings rate in Malaysia meant that there appears to be no shortage of takers despite the prices. He added that there will be a limit although he was unclear as to how far prices will continue to rise.
“We have to continuously tell developers not to push the boundaries,” he said when contacted by The Malaysian Insider. “There is bound to be a maximum.”
Chor said that the government is building some 76,000 low cost units that cost about RM42,000 each in the next three years, but it is unable to tell private developers how much to build to boost supply of middle class housing in the market.
Real Estate and Housing Developers Association (Rehda) president Datuk Michael Yam said that the issue of rising property prices was partly due to an imbalance of supply and demand as more migrants move to land scarce Kuala Lumpur as well as higher cost of raw materials.
“Even if 50,000 new housing units are needed in KL, that is still a huge number to build,” he said at a recent Rehda media briefing.
One developer, however, privately expressed concern that the market had become too speculative and the dramatic increase in housing prices may become unsustainable.
Property speculation remains rife despite a supply overhang
“I am all for sustainable price growth but the current market is too speculative,” one developer told The Malaysian Insider. “Most of the units are taken up by employees of the developer hoping to sell for a profit when the development is completed.”
There are signs that the government is concerned that a real estate bubble is forming as investors pour money into property in the hope that prices will keep spiralling upwards.
The Edge business weekly had reported over the weekend that the government is exploring the possibility of increasing mortgage caps to 80 per cent of loan-to-value ratio in a bid to keep the market from overheating. This comes as Singapore introduced a series of measures yesterday to reign in investors and speculators, such as a 70 per cent mortgage cap for investors with more than one property and launching 36,000 public housing units this year and next.
Such a move, however, may only serve to hurt first-time homebuyers who will have to struggle to come up with the down payment whereas richer investors are unlikely to face such difficulties.
My Views: Yes, the property prices in KL and Penang are frothy, well, not just frothy but very frothy. The ones still bullish are usually those who still have one or two properties in their hands, looking to offload.
Almost every single valuation matrix would put property prices in KL and Penang in the overvalued category. The basis for housing - live in ownership or rental. For live in ownership, its affordability ratio. For rental, its effective yield relative to prevailing interest rates. On both accounts, affordability is out of reach and rental yields are falling rapidly.
Usually those still bullish will cite factors out of these two basis ~ most popular being foreign buying, followed by relative valuations compared to similar properties in other Asian cities.
Foreign buying, is basically speculation when they cannot even rent it out for a 2% rental yield. Foreign buying for capital appreciation is hocus pocus because locals will not take the foreign investors out ~ you bought at RM1,500psf, it will not be a local to buy from you at RM2,000psf. What you need is another more deluded foreign investor to pay you RM2,000psf.
Foreign buyers are mostly leaving finished units and houses empty. Don't believe me, go check out houses and apartments costing more than RM2m and RM1m respectively. If you can get 50% occupancy, call me and tell me where!!!
Relative valuations argument is even stupider, if you are a qualified accountant in Malaysia, after working 5 years you may get RM8,000 a month ... does that mean you will get RM8,000 a month in HK, Singapore?? Of course not, you may get HK$35,000 and S$7,500 a month. So, how does the relative property valuations argument stand up??? Properties, like any asset is just a reflection of the earning capacity of their residents .... unless you tell me that the bulk of Malaysian properties are taken up and lived in by foreigners!!??
Almost every single valuation matrix would put property prices in KL and Penang in the overvalued category. The basis for housing - live in ownership or rental. For live in ownership, its affordability ratio. For rental, its effective yield relative to prevailing interest rates. On both accounts, affordability is out of reach and rental yields are falling rapidly.
Usually those still bullish will cite factors out of these two basis ~ most popular being foreign buying, followed by relative valuations compared to similar properties in other Asian cities.
Foreign buying, is basically speculation when they cannot even rent it out for a 2% rental yield. Foreign buying for capital appreciation is hocus pocus because locals will not take the foreign investors out ~ you bought at RM1,500psf, it will not be a local to buy from you at RM2,000psf. What you need is another more deluded foreign investor to pay you RM2,000psf.
Foreign buyers are mostly leaving finished units and houses empty. Don't believe me, go check out houses and apartments costing more than RM2m and RM1m respectively. If you can get 50% occupancy, call me and tell me where!!!
Relative valuations argument is even stupider, if you are a qualified accountant in Malaysia, after working 5 years you may get RM8,000 a month ... does that mean you will get RM8,000 a month in HK, Singapore?? Of course not, you may get HK$35,000 and S$7,500 a month. So, how does the relative property valuations argument stand up??? Properties, like any asset is just a reflection of the earning capacity of their residents .... unless you tell me that the bulk of Malaysian properties are taken up and lived in by foreigners!!??
But property bubbles do not get pricked so easily. When low interest rates is prevailing and other sectors of the economy are so weak, central banks cannot just raise rates to dampen property speculation as the broader economy will get hurt.
As unpopular as it may sounds, the measures will have to be property sector specific. I will support the following: anyone buying their second, third , etc properties should only be allowed a maximum of 70% loan from any financial institutions.
As unpopular as it may sounds, the measures will have to be property sector specific. I will support the following: anyone buying their second, third , etc properties should only be allowed a maximum of 70% loan from any financial institutions.
Heathy Tips - Heart
Dr.Devi Shetty, Narayana Hrudayalaya
(Heart Specialist) Bangalore
A chat with Dr.Devi Shetty, Narayana Hrudayalaya
(Heart Specialist) Bangalore was arranged by WIPRO for its employees .
The transcript of the chat is given below. Useful for everyone.
2. Exercise - Half an hour's walk, at least five days a week; avoid lifts and avoid sitting for a longtime
3. Quit smoking
4. Control weight
5. Control blood pressure and sugar
Q: Is eating non-veg food (fish) good for the heart?
Ans: No
Q: It's still a grave shock to hear that some apparently healthy person
gets a cardiac arrest. How do we understand it in perspective?
Ans: This is called silent attack; that is why we recommend everyone past the age of 30 to undergo routine health checkups.
Q: Are heart diseases hereditary?
Ans: Yes
Q: What are the ways in which the heart is stressed? What practices do you suggest to de-stress?
Ans: Change your attitude towards life. Do not look for perfection in everything in life.
Q: Is walking better than jogging or is more intensive exercise required to keep a healthy heart?
Ans: Extremely rare
Q: Does cholesterol accumulates right from an early age
(I'm currently only 22) or do you have to worry about it only after you are above 30 years of age?
Ans: Cholesterol accumulates from childhood.
Q: How do irregular eating habits affect the heart ?
Ans: You tend to eat junk food when the habits are irregular and your body's enzyme release for digestion gets confused.
Q: How can I control cholesterol content without using medicines?
Ans: Control diet, walk and eat walnut.
Q: Can yoga prevent heart ailments?
Q: Which oil is better - groundnut, sunflower, olive?
Ans: All oils are bad .
Q: What is the routine checkup one should go through? Is there any specific test?
Ans: Routine blood test to ensure sugar, cholesterol is ok. Check BP, Treadmill test after an echo.
Q: What are the first aid steps to be taken on a heart attack?
Ans: Help the person into a sleeping position , place an aspirin tablet under the tongue with a sorbitrate tablet if available, and rush him to a coronary care unit since the maximum casualty takes place within the first hour.
Q: How do you differentiate between pain caused by a heart attack and that caused due to gastric trouble?
Ans: Extremely difficult without ECG.
Q: What is the main cause of a steep increase in heart problems amongst youngsters? I see people of about 30-40 yrs of age having heart attacks and serious heart problems.
Ans: Increased awareness has increased incidents. Also, sedentary lifestyles, smoking, junk food, lack of exercise in a country where people are genetically three times more vulnerable for heart attacks than Europeans and Americans.
Q: Is it possible for a person to have BP outside the normal range of 120/80 and yet be perfectly healthy?
Ans: Yes.
Q: Marriages within close relatives can lead to heart problems for the child. Is it true?
Ans : Yes, co-sanguinity leads to congenital abnormalities and you may not have a software engineer as a child
Q: Many of us have an irregular daily routine and many a times we have to stay late nights in office. Does this affect our heart ? What precautions would you recommend?
Ans : When you are young, nature protects you against all these irregularities. However, as you grow older, respect the biological clock.
Q: Will taking anti-hypertensive drugs cause some other complications (short / long term)?
Ans : Yes, most drugs have some side effects. However, modern anti-hypertensive drugs are extremely safe.
Q: Will consuming more coffee/tea lead to heart attacks?
Ans : No.
Q: Are asthma patients more prone to heart disease?
Ans : No.
Q: Can a person help himself during a heart attack (Because we see a lot of forwarded emails on this)?
Ans : Yes. Lie down comfortably and put an aspirin tablet of any description under the tongue and ask someone to take you to the nearest coronary care unit without any delay and do not wait for the ambulance since most of the time, the ambulance does not turn up.
Q: Sometimes, due to the hectic schedule we are not able to exercise. So, does walking while doing daily chores at home or climbing the stairs in the house, work as a substitute for exercise?
Ans : Certainly. Avoid sitting continuously for more than half an hour and even the act of getting out of the chair and going to another chair and sitting helps a lot.
Q: Is there a relation between heart problems and blood sugar?
Ans: Yes. A strong relationship since diabetics are more vulnerable to heart attacks than non-diabetics.
Q: What are the things one needs to take care of after a heart operation?
Ans : Diet, exercise, drugs on time , Control cholesterol, BP, weight.
Q: Are people working on night shifts more vulnerable to heart disease when compared to day shift workers?
Ans : No.
Q: What are the modern anti-hypertensive drugs?
Ans : There are hundreds of drugs and your doctor will chose the right combination for your problem, but my suggestion is to avoid the drugs and go for natural ways of controlling blood pressure by walk, diet to
reduce weight and changing attitudes towards lifestyles.
Q: Does aspirin or similar headache pills increase the risk of heart attacks?
Ans : No.
Q: Why is the rate of heart attacks more in men than in women?
Ans : Nature protects women till the age of 45. (Present Global census show that the Percentage of heart disease in women has increased than in men )
(Heart Specialist) Bangalore
A chat with Dr.Devi Shetty, Narayana Hrudayalaya
(Heart Specialist) Bangalore was arranged by WIPRO for its employees .
The transcript of the chat is given below. Useful for everyone.
Q: What are the thumb rules for a layman to take care of his heart?
Ans:
1. Diet - Less of carbohydrate, more of protein, less oil2. Exercise - Half an hour's walk, at least five days a week; avoid lifts and avoid sitting for a longtime
3. Quit smoking
4. Control weight
5. Control blood pressure and sugar
Q: Is eating non-veg food (fish) good for the heart?
Ans: No
Q: It's still a grave shock to hear that some apparently healthy person
gets a cardiac arrest. How do we understand it in perspective?
Ans: This is called silent attack; that is why we recommend everyone past the age of 30 to undergo routine health checkups.
Q: Are heart diseases hereditary?
Ans: Yes
Q: What are the ways in which the heart is stressed? What practices do you suggest to de-stress?
Ans: Change your attitude towards life. Do not look for perfection in everything in life.
Q: Is walking better than jogging or is more intensive exercise required to keep a healthy heart?
Ans: Walking is better than jogging since jogging leads to early fatigue and injury to joints
Q: You have done so much for the poor and needy. What has inspired you to do so?
Ans: Mother Theresa , who was my patient
Q: Can people with low blood pressure suffer heart diseases?
Q: Does cholesterol accumulates right from an early age
(I'm currently only 22) or do you have to worry about it only after you are above 30 years of age?
Ans: Cholesterol accumulates from childhood.
Q: How do irregular eating habits affect the heart ?
Ans: You tend to eat junk food when the habits are irregular and your body's enzyme release for digestion gets confused.
Q: How can I control cholesterol content without using medicines?
Ans: Control diet, walk and eat walnut.
Q: Can yoga prevent heart ailments?
Ans: Yoga helps.
Q: Which is the best and worst food for the heart?
Ans: Fruits and vegetables are the best and the worst is oil.
Ans: All oils are bad .
Q: What is the routine checkup one should go through? Is there any specific test?
Ans: Routine blood test to ensure sugar, cholesterol is ok. Check BP, Treadmill test after an echo.
Q: What are the first aid steps to be taken on a heart attack?
Ans: Help the person into a sleeping position , place an aspirin tablet under the tongue with a sorbitrate tablet if available, and rush him to a coronary care unit since the maximum casualty takes place within the first hour.
Q: How do you differentiate between pain caused by a heart attack and that caused due to gastric trouble?
Ans: Extremely difficult without ECG.
Q: What is the main cause of a steep increase in heart problems amongst youngsters? I see people of about 30-40 yrs of age having heart attacks and serious heart problems.
Ans: Increased awareness has increased incidents. Also, sedentary lifestyles, smoking, junk food, lack of exercise in a country where people are genetically three times more vulnerable for heart attacks than Europeans and Americans.
Q: Is it possible for a person to have BP outside the normal range of 120/80 and yet be perfectly healthy?
Ans: Yes.
Q: Marriages within close relatives can lead to heart problems for the child. Is it true?
Ans : Yes, co-sanguinity leads to congenital abnormalities and you may not have a software engineer as a child
Q: Many of us have an irregular daily routine and many a times we have to stay late nights in office. Does this affect our heart ? What precautions would you recommend?
Ans : When you are young, nature protects you against all these irregularities. However, as you grow older, respect the biological clock.
Q: Will taking anti-hypertensive drugs cause some other complications (short / long term)?
Ans : Yes, most drugs have some side effects. However, modern anti-hypertensive drugs are extremely safe.
Q: Will consuming more coffee/tea lead to heart attacks?
Ans : No.
Q: Are asthma patients more prone to heart disease?
Ans : No.
Q: How would you define junk food?
Ans : Fried food like Kentucky , McDonalds , samosas, and even masala dosas.
Q: You mentioned that Indians are three times more vulnerable. What is the reason for this, as Europeans and Americans also eat a lot of junk food?
Ans: Every race is vulnerable to some disease and unfortunately, Indians are vulnerable for the most expensive disease.
Q: Does consuming bananas help reduce hypertension?
Ans : No.
Q: Can a person help himself during a heart attack (Because we see a lot of forwarded emails on this)?
Ans : Yes. Lie down comfortably and put an aspirin tablet of any description under the tongue and ask someone to take you to the nearest coronary care unit without any delay and do not wait for the ambulance since most of the time, the ambulance does not turn up.
Q: Do, in any way, low white blood cells and low hemoglobin count lead to heart problems?
Ans : No. But it is ideal to have normal hemoglobin level to increase your exercise capacity.
Q: Sometimes, due to the hectic schedule we are not able to exercise. So, does walking while doing daily chores at home or climbing the stairs in the house, work as a substitute for exercise?
Ans : Certainly. Avoid sitting continuously for more than half an hour and even the act of getting out of the chair and going to another chair and sitting helps a lot.
Q: Is there a relation between heart problems and blood sugar?
Ans: Yes. A strong relationship since diabetics are more vulnerable to heart attacks than non-diabetics.
Q: What are the things one needs to take care of after a heart operation?
Ans : Diet, exercise, drugs on time , Control cholesterol, BP, weight.
Q: Are people working on night shifts more vulnerable to heart disease when compared to day shift workers?
Ans : No.
Q: What are the modern anti-hypertensive drugs?
Ans : There are hundreds of drugs and your doctor will chose the right combination for your problem, but my suggestion is to avoid the drugs and go for natural ways of controlling blood pressure by walk, diet to
reduce weight and changing attitudes towards lifestyles.
Q: Does aspirin or similar headache pills increase the risk of heart attacks?
Ans : No.
Q: Why is the rate of heart attacks more in men than in women?
Q: How can one keep the heart in a good condition?
Ans : Eat a healthy diet, avoid junk food, exercise everyday, do not smoke and, go for health checkup if you are past the age of 30 (once in six months recommended)
Ans : Eat a healthy diet, avoid junk food, exercise everyday, do not smoke and, go for health checkup if you are past the age of 30 (once in six months recommended)
Thursday, September 2, 2010
Property - Setia Eco City
Introduction of Setia Eco City, Kuala Lumpur
SP Setia in JV with DBKL on mega project near Mid Valley
by Siow Chen Ming, 27 Mar 2008 4:21 PM
THEEDGEDAILY
KUALA LUMPUR: SP Setia Bhd is set to finalise a joint venture (JV) agreement with Dewan Bandaraya Kuala Lumpur (DBKL) to develop high-rise residential cum commercial project on a 20-acre (8.1ha) plot located opposite the Mid Valley City.
Speaking to reporters at Invest Malaysia 2008 yesterday, SP Setia’s managing director Tan Sri Liew Kee Sin said the company secured an approval from the Economic Planning Unit (EPU) seven years ago for the project.
Although it had subsequently signed a memorandum of understanding (MoU) a few years ago with the DBKL, a privatisation agreement is still pending.
“We expect to finalise a deal with DBKL soon and launch the project next year,” said Liew. However, he declined to reveal the value of the project.
Squatters residing on the land were relocated to nearby apartments recently, indicating that the project is making progress.
The JV between SP Setia and DBKL will be similar to previous deals such as the one between IGB Group Bhd and DBKL for the now completed Mid Valley City project. Under such deals, DBKL would provide land while developers such as SP Setia or IGB carry out the development work and invest in the infrastructure.
Heading the country’s largest property developer, Liew said he was positive on the recent changes taking place in the country’s political landscape.
“I think the changes are good for the country, even though some of my friends have lost (in the election). It is good to have competition (in the political landscape) and because things will get better,” said Liew.
For instance, in Penang where SP Setia has major on-going property projects, he felt there should not be any problems as the new Chief Minister Lim Guan Eng has called for more openness and transparency, which has always been the group’s practice.
Having gone through the 1998 financial crisis, Liew was also unfazed about a potential slow down in the domestic economic growth that may affect property sales.
He said the group’s exposure in the property sector was well spread out, covering different regions with different products for several market segments. With certain adjustments of the project’s portfolio, the group can capture the market segments where demand is still strong.
Also, SP Setia’s property development projects in Vietnam was picking up steam and this would reduce the group’s dependence on the Malaysian market.
“Our target is that by 2012, contribution in terms of turnover and earnings from our overseas projects will be higher than Malaysia,” said Liew.
SP Setia is on track to meet sales target of RM1.8 billion for the current financial year ending Oct 31, 2008. This figure is within reach as sales have already reached RM646 million for the first four months of FY2008 compared to RM290 million in the same period last year.
SP Setia planned to launch five projects in FY2008 with total gross development value (GDV) of RM5 billion. The group has a remaining landbank of 4,783 acres (including in Vietnam) which are sufficient for its volume of development works over the next 10-12 years, with estimated total GDV of about RM30 billion.
SP Setia in JV with DBKL on mega project near Mid Valley
by Siow Chen Ming, 27 Mar 2008 4:21 PM
THEEDGEDAILY
KUALA LUMPUR: SP Setia Bhd is set to finalise a joint venture (JV) agreement with Dewan Bandaraya Kuala Lumpur (DBKL) to develop high-rise residential cum commercial project on a 20-acre (8.1ha) plot located opposite the Mid Valley City.
Speaking to reporters at Invest Malaysia 2008 yesterday, SP Setia’s managing director Tan Sri Liew Kee Sin said the company secured an approval from the Economic Planning Unit (EPU) seven years ago for the project.
Although it had subsequently signed a memorandum of understanding (MoU) a few years ago with the DBKL, a privatisation agreement is still pending.
“We expect to finalise a deal with DBKL soon and launch the project next year,” said Liew. However, he declined to reveal the value of the project.
Squatters residing on the land were relocated to nearby apartments recently, indicating that the project is making progress.
The JV between SP Setia and DBKL will be similar to previous deals such as the one between IGB Group Bhd and DBKL for the now completed Mid Valley City project. Under such deals, DBKL would provide land while developers such as SP Setia or IGB carry out the development work and invest in the infrastructure.
Heading the country’s largest property developer, Liew said he was positive on the recent changes taking place in the country’s political landscape.
“I think the changes are good for the country, even though some of my friends have lost (in the election). It is good to have competition (in the political landscape) and because things will get better,” said Liew.
For instance, in Penang where SP Setia has major on-going property projects, he felt there should not be any problems as the new Chief Minister Lim Guan Eng has called for more openness and transparency, which has always been the group’s practice.
Having gone through the 1998 financial crisis, Liew was also unfazed about a potential slow down in the domestic economic growth that may affect property sales.
He said the group’s exposure in the property sector was well spread out, covering different regions with different products for several market segments. With certain adjustments of the project’s portfolio, the group can capture the market segments where demand is still strong.
Also, SP Setia’s property development projects in Vietnam was picking up steam and this would reduce the group’s dependence on the Malaysian market.
“Our target is that by 2012, contribution in terms of turnover and earnings from our overseas projects will be higher than Malaysia,” said Liew.
SP Setia is on track to meet sales target of RM1.8 billion for the current financial year ending Oct 31, 2008. This figure is within reach as sales have already reached RM646 million for the first four months of FY2008 compared to RM290 million in the same period last year.
SP Setia planned to launch five projects in FY2008 with total gross development value (GDV) of RM5 billion. The group has a remaining landbank of 4,783 acres (including in Vietnam) which are sufficient for its volume of development works over the next 10-12 years, with estimated total GDV of about RM30 billion.
Wednesday, August 25, 2010
World's Richest Government
Introduction World's Richest Government
We know the world's richest man is Carlos Slim Helu of Mexico, followed by Bill Gates and Warren Buffet of USA .
How about governments?
Which countries’ government is the richest (having most money that is, in US$)
If you are expecting North American and European nations, you might be disappointed.
While the countries look rich, wealthy European nations can't withstand a prolonged major financial crisis, just like Greece .
The USA might have the biggest economy, but the American government is not at all rich; in fact, it can't even take out $150bn if asked to now without resorting to borrowing.
To date the US government has borrowed $14 trillion!
The UK , likewise, while the country/people are rich, the government isn't.
The UK government’s debt stands at $9 trillion now.
World’s Richest Government
Richest governments after 2008-2009 financial crisis:
1. China
National reserves: $2,454,300,000,000
2. Japan
National reserves: $1,019,000,000,000
3. Russia
National reserves: $458,020,000,000
4. Saudi Arabia
National reserves: $395,467,000,000
5. Taiwan
National reserves: $362,380,000,000
6. India
National reserves: $279,422,000,000
7. South Korea
National reserves: $274,220,000,000
8. Switzerland
National reserves: $262,000,000,000
9. Hong Kong , China
National reserves: $256,000,000,000
10. Brazil
National reserves: $255,000,000,000
Here are the rest, in million US $:
11 Singapore / 203,436
12 Germany / 189,100
13 Thailand / 150,000
14 Algeria / 149,000
15 France / 140,848
16 Italy / 133,104
17 United States / 124,176
18 Mexico / 100,096
19 Iran / 96,560
20 Malaysia / 96,100
21 Poland / 85,232
22 Libya / 79,000
23 Denmark / 76,315
24 Turkey / 71,859
25 Indonesia / 69,730
26 United Kingdom / 69,091
27 Israel / 62,490
28 Canada / 57,392
29 Norway / 49,223
30 Iraq / 48,779
31 Argentina / 48,778
32 Philippines / 47,650
33 Sweden / 46,631
34 United Arab Emirates / 45,000
35 Hungary / 44,591
36 Romania / 44,056
37 Nigeria / 40,480
38 Czech Republic / 40,151
39 Australia / 39,454
40 Lebanon / 38,600
41 Netherlands / 38,372
42 South Africa / 38,283
43 Peru / 37,108
44 Egypt / 35,223
45 Venezuela / 31,925
46 Ukraine / 28,837
47 Spain / 28,195
48 Colombia / 25,141
49 Chile / 24,921
50 Belgium / 24,130
51 Brunei / 22,000
52 Morocco / 21,873
53 Vietnam / 17,500
54 Macau / 18,730
55 Kazakhstan / 27,549
56 Kuwait / 19,420
57 Angola / 19,400
58 Austria / 18,079
59 Serbia / 17,357
60 Pakistan / 16,770
61 New Zealand / 16,570
62 Bulgaria / 16,497
63 Ireland / 16,229
63 Portugal / 16,254
64 Croatia / 13,720
65 Jordan / 12,180
66 Finland / 11,085
67 Bangladesh / 10,550
68 Botswana / 10,000
69 Tunisia / 9,709
70 Azerbaijan / 9,316
71 Bolivia / 8,585
72 Trinidad and Tobago / 8,100
73 Yemen / 7,400
74 Uruguay / 8,104
75 Oman / 7,004
76 Latvia / 6,820
77 Lithuania / 6,438
78 Qatar / 6,368
79 Cyprus / 6,176
80 Belarus / 6,074
81 Syria / 6,039
82 Uzbekistan / 5,600
83 Luxembourg / 5,337
84 Guatemala / 5,496
85 Greece / 5,207
86 Bosnia and Herzegovina / 5,151
87 Cuba / 4,247
88 Costa Rica / 4,113
89 Equatorial Guinea / 3,928
90 Ecuador / 3,913
91 Iceland / 3,823
92 Paraguay / 3,731
93 Turkmenistan / 3,644
94 Estonia / 3,583
95 Malta / 3,522
96 Myanmar / 3,500
97 Bahrain / 3,474
98 Kenya / 3,260
99 Ghana / 2,837
100 El Salvador / 2,845
101 Sri Lanka / 2,600
102 Cambodia / 2,522
103 Côte d'Ivoire / 2,500
104 Tanzania / 2,441
105 Cameroon / 2,341
106 Macedonia / 2,243
107 Dominican Republic / 2,223
108 Papua New Guinea / 2,193
109 Honduras / 2,083
110 Armenia / 1,848
111 Slovakia / 1,809
112 Mauritius / 1,772
113 Albania / 1,615
114 Kyrgyzstan / 1,559
115 Jamaica / 1,490
116 Mozambique / 1,470
117 Gabon / 1,459
118 Senegal / 1,350
119 Georgia / 1,300
120 Panama / 1,260
121 Sudan / 1,245
122 Zimbabwe / 1,222
123 Slovenia / 1,105
124 Moldova / 1,102
125 Zambia / 1,100
126 Nicaragua / 1,496
127 Mongolia / 1,000
128 Chad / 997
129 Burkina Faso / 897
130 Lesotho / 889
131 Ethiopia / 840
132 Benin / 825
133 Namibia / 750
134 Madagascar / 745
135 Barbados / 620
136 Laos / 514
137 Rwanda / 511
138 Swaziland / 395
139 Togo / 363
140 Cape Verde / 344
141 Tajikistan / 301
142 Guyana / 292
143 Haiti / 221
144 Belize / 150
145 Vanuatu / 149
146 Malawi / 140
147 Gambia / 120
148 Guinea / 119
149 Burundi / 118
150 Seychelles / 118
151 Samoa / 70
152 Tonga / 55
153 Liberia / 49
154 Congo / 36
155 São Tomé and Príncipe / 36
156 Eritrea / 22
Big national reserves doesn't guarantee prosperity however, for instance, the yearly expenses for China 's government is $1.11 trillion, their government must always think of economic growth and making more money.
China’s gov't overspent $110bn last year, much on it towards modernizing their military, if it goes on like this their reserves can only last for 22 yrs.
The Malaysian gov't overspent $13bn last year, if it goes on like this their reserves can only last for 7 yrs.
The Singaporean government overspent $3bn last year, much of it rescuing their banks from financial crisis, if it goes on like this their reserves can last 68 yrs.
The Swiss gov't overspent $1bn last year, if it goes on like this their reserves can last 262 yrs.
A country normally can borrow up to 100% its GDP, a very strong industrial country or very financial stable nation can borrow up to perhaps 200% its GDP, debts over 250% GDP the country is bankrupted.
Greece 's Debts Is 113.40% GDP, In Danger As It Is Not Considered A Strong Industrial Or Financial Country.
Iceland Is 107.60%, Also In Crisis As It Is Not So Strong Industrial Or Financially.
Singapore Debts Is 113.10%, Not In Hot Water Due To Its Global Financial Hub Status, And Also Its Financial Strength. It's Only Dangerous For Singapore When It Reaches 200%
Japan Debts Is 189.30%, Still Under Radar As A Powerful Industrial Nation. It Needs To Panic Only At Around 200%
US Has The World Largest Debts, But It Is Only 62% Its GDP, It Is Not In Any Immediate Danger Of Bankruptcy.
Zimbabwe Debts Is 282.60% GDP, It Is A Bankrupted Nation.
Malaysia Debts Is Currently At 53.70% GDP.
Hong Kong And Taiwan Is Doing Pretty Good With Debts At 32-37% GDP
South Korea Is Even Better With Debts At 23.5% GDP
China Is Very Stable With Debts At 16.90% GDP
Russia Is Like A Big Mountain With Debts Only At 6.30% GDP
There Are Only 5 Countries With No Debt (I.E. 0%) –
Brunei, Liechtenstein , Palau , Nieu, And Macau Of China
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