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Showing posts from June, 2009

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Market Daily Report: Bursa Malaysia Ends Lower On Profit-taking, Earthquake In Myanmar Shakes Investor Sentiment

KUALA LUMPUR, March 28 (Bernama) -- Bursa Malaysia closed lower today on profit-taking after a strong three-day rally, and investor sentiment was further shaken in the late afternoon session following news of an earthquake in Myanmar with tremors felt in neighbouring Thailand, said Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 1.44 per cent or 22.08 points to 1,513.65, its intraday low, from Thursday’s close of 1,535.73. The benchmark index opened 4.16 points lower at 1,531.57 and hit an intraday high of 1,533.52 during the midday session.  On the broader market, decliners outpaced gainers 563 to 395, while 408 counters were unchanged, 1,106 untraded, and 133 suspended.   Turnover slipped to 2.25 billion units valued at RM2.13 billion from 2.52 billion units worth RM2.41 billion on Thursday. 

Finance MATTERS!!

At moment of crisis, you will wonder why some survives, some fall while some others triumphs. During this economy downfall, we see how AIG nearly fall into bankruptcy due to the lack of financial planning and too much of unnecessary bonuses given. However, it doesn't mean during economy crisis, all is lost and gone. If one manages the money they have effectively, be it the financial situation of their company or their personal finance , there will definitely be enough for rainy season. So often we see an individual or a company suffers during economy crisis due to the lack of financial planning. Most often these people spent more than they have even during the good times. Finance matters to all of us. And if you lack financial planning or any personal finance advisor, then I believe it is time you learn about it. Probably the first crucial step is for you to define your financial goals. When you have a certain goals or direction, it will help you to plan everything in accordance t...

Payday Loan: Some Important Features

A payday loan is known by different names, for instance, cash advance loan, deferred deposit loan, payroll advance loan, paycheck advance, payday advance and so on. A payday loans is a particular form of loan that is offered for a small time period to deal with your urgent spending requirements. These loans are typically due for repayment at the time when you receive your next paycheck. A payday loan can help you if you experience difficulties related to unforeseen expenditures or bills prior to receiving your next paycheck. In simple terms, a payday loan is secured by your future paycheck. These loans have garnered significant popularity over the past few years. Against lending you the money till your next payday, the lender would ask for a fee. The majority of storefront locations necessitate you to offer them with a physical check that would act as guarantee for the payday loan. If you qualify for such a loan, the loan amount would be electronically deposited into your savings or c...

Affect of Credit History on Insurance Premiums

CREDIT HISTORY When companies do a credit check on you, they are given not only a score number but also details of your credit history. If you have missed payments on your credit cards then it would show up on your credit report. If you have defaulted on a loan payment, your credit history will show this. If you have missed making payments, you are not considered responsible enough when it comes to handling money. In other words you are a higher risk than your neighbor with a great credit score. Having a higher credit score is considered by insurance underwriters a sign of stability and responsibility. Obviously the higher the risk your insurance company considers you to be, the higher the insurance premium. While some may be of the opinion that using credit scores to determine insurance premiums may discriminate against those who are in the lower economic group because they tend to usually get themselves in financial trouble and probably have a lower credit score. However, others may ...