Ringgit 4.19

Against the US Dollar, but the Ringgit bull's  will now have to deal with rising consumer confidence in the US.

U.S. consumer prices rose in September as the cost of gasoline and rents surged, suggesting a steady build-up of inflation pressures that could keep the Federal Reserve on track to raise interest rates in December.

The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last month after rising 0.2 percent in August.

In the 12 months through September, the CPI accelerated 1.5 percent, the biggest year-on-year increase since October 2014.

Reach Energy Warrant Holders Dilemma

Just shot up a notch or two higher, especially for those who bought the warrants, after reading the articles in the STAR .

Read Here : http://www.thestar.com.my/business/business-news/2016/09/28/game-changer-for-reach-energy/

And Here : http://www.thestar.com.my/business/business-news/2016/10/15/goose-bump-time-for-reach-energy-md/

Every one who bought those warrants, should make a judgement call and decide for themselves, what they intend to do next.

To have a fair stock market, one should have fair reporting as well.

Reach Energy, Tee Lin Say's Goose Is Cooked

And ready to be served. Before The Star's CEO Wong Chun Wai lectures Malaysia on mob rule, red shirts and hooligans, he should look closely at what's happening in the publication's business desk.
One would have thought, after reading Tee Lin Say's article on Reach Energy Bhd, that sparks were going to fly on the November 4th EGM.
Today's shareholder filings to Bursa Malaysia, reveals that four yield investors in Reach Energy, namely PAG and CREDIT SUISSE now own 26 per cent of shareholder rights that are eligible to vote at the EGM.
A 25 per cent VOTE is ENOUGH to Kill the management's proposal.
Looks like the GOOSE has been cooked, and served to the STAR's readership.
I won't say a WORD on credibility and accountability, because that is the job of Wong Chun Wai, the  CEO of this once great newspaper to ADDRESS

Malaysia Keeps CPO

(crude palm oil ) export tax at 6.5 per cent in November, unchanged from October, according to a circular on the Malaysian Palm Oil Board website.

The board calculated a reference price of MYR2,865.40 (USD689.63) per tonne for November.

A price above MYR2,250 incurs a tax, which starts from 4.5 per cent and can reach a maximum of 8.5 per cent.

Malaysia Named As Leading

Travel destination at the World Travel Awards for Asia and Australasia.

Industry leaders gathered at the InterContinental Danang Sun Peninsula Resort in Vietnam to recognize the best in Asian travel over the weekend.

Strong Buy Signal

Ahead of the budget for Malaysia's 10 year government bonds, data obtained from investing.com show.
The 10 year tenure government securities, have a yield of 3.63 per cent, against its coupon rate of 3.9 per cent.
The yields are down by some 12 per cent over a 52 week period, as the risk in investing in MALAYSIA abates.
Elsewhere, the Ringgit holds stubbornly at RM3.21 against the dollar and RM3.64 against the EURO.
Bursa Malaysia, up slightly, but the market is seen heading nowhere a head of the budget.

Peak oil is HERE.

If the folks at the STAR Business desk does NOT know what is PEAK oil. They should read on BELOW :

For more than two years the oil industry has suffered through its worst down cycle since the 1980s, and relief may not come until the middle of 2017 at the earliest.

Some argue that oil prices may take even longer before they rebound. But while oil executives are focusing on the next few years, a much bigger threat looms over the long-term: Peak oil demand.

A new report from the World Energy Council predicts that global demand for crude oil could hit a peak in 2030 at 103 million barrels per day.

The scenario would require rapid and substantial advancements in electric vehicles, efficiency, renewable energy, and digital technologies – developments that are no longer difficult to imagine.

Additionally, the report envisions a scenario in which global primary energy demand – which includes energy demand for everything including transportation and electricity – could also peak before 2030.