Friday, June 29, 2012

Top Ten: MarketWatch top 10 stories June 25 - 29

Top Ten: MarketWatch top 10 stories June 25 - 29: U.S. stocks close another volatile week on Friday, notching some of their best point gains of 2012 just a week after closing out with some of the biggest losses of the year.

Gabungan AQRS Berhad IPO

Gabungan AQRS Berhad IPO: Gabungan AQRS Bhd, a construction and property developer is scheduled to be listed in Main Market of Bursa Malaysia on 31st July 2012. The Initial Public Offering (IPO) consists of public issues of 62 million new ordinary shares and offer for sale of 30 million of existing shares for private placement at an IPO price of RM1.18 [...]

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San Miguel CEO hands reins over further with stake sale to president

San Miguel CEO hands reins over further with stake sale to president: MANILA, June 29 — San Miguel Corp Chairman Eduardo Cojuangco today sold an 11 per cent stake in the firm to its president Ramon Ang, in a sign that he is increasingly willing to hand over the reins to the man behind the company’s diversification drive over the past three years. Cojuangco, 77, and who will remain as chairman and CEO, is seeking ...


Nestle pledges action on Ivorian cocoa child labour

Nestle pledges action on Ivorian cocoa child labour: ZURICH, June 29 — Child labour is still widespread on Ivory Coast cocoa farms supplying Nestle, an investigation by a workers’ rights group has found, prompting the world’s biggest food group to pledge a redoubling of efforts to stamp out the practice. The Fair Labour Association (FLA), a Washington-based civil society organisation, said today its ...


Calculate Stamp Duty for Your Tenancy Agreement

Calculate Stamp Duty for Your Tenancy Agreement:
Tenancy agreement is signed between the landlord and the tenant. If you use property agent service, they might ask you to use their lawyer for the agreement. The professional fees of preparing the agreement may burn a hole in your pocket. It depends on the rental value, the higher the rental value, the higher the professional fees are. However, there’s no law requires a tenancy agreement must be drafted by a lawyer. However, it is advisable engage a lawyer to advise you on the legal implication of certain terms such as preliminary search on the another party, bankruptcy search, land search and etc.
Stamp duty charges depend on the rental value and the tenancy period. For those who want to earn income from rental, it’s important for them to know the procedure of preparing tenancy agreement, to calculate the stamp duty fee for the tenancy agreement. According to Inland Revenue Board Malaysia(IRBM), the following is the stamp duty fee calculation based on the monthly rental amount.
Tenancy Agreement Stamp Duty
For tenancy agreement with annual rental exceeding RM2,400, it will charge an amount of stamp duty for every RM250 or part thereof in excess of RM2,400 depending the lease period of the tenancy agreement.

For lease period not exceeding 1 year, it will charge RM1.00 for every RM250 or part thereof in excess of RM2,400 annual rental. In the other words, if your total annual rental is or less than RM2400, you are exempted from stamping fees.
For example, Mr. Lee rent out his condominium with RM1,000 monthly rental to his tenant for lease period of 1 year. His stamp duty calculation for this tenancy agreement will be as follows:
For that tenancy agreement, the annual rental will be RM1000 X 12 = RM 12,000
Total rental chargeable: RM12,000 - RM 2,400 (exempted value) = RM 9,600.
Since the lease period is only for 1 year, the stamp duty rate will be RM1.00 for every RM250 after exceeding RM2,400. Thus, the stamp duty on the original copy of the agreement will be:
RM9,600 / 250 x RM1= RM39 (Always rounded to the nearest Ringgit).
If you have 2 copies of tenancy agreement (original copy for owner, duplicate copy for tenant), the duplicate copy will be charged at RM10, so total is RM49.

27% Profit From PETDAG Since Begin Of The Year

27% Profit From PETDAG Since Begin Of The Year:
If you buy PETDAG since begin of this year, you already make 27% profit from your investment and for this share no need to do any analysis due to this share profit need to be use for GE so the report of earning sure very good.

PETDAG is unaffected by any bad news from US or Europe, this share will only go dip when government change. In current share market situation, forgot the bank share just focus this share will make you profit.

A PEGGY Method of Stock Market Share Fair Value Target Price IPO Dividend: FGV Stock Result and Felda share stock code is 522...

A PEGGY Method of Stock Market Share Fair Value Target Price IPO Dividend: FGV Stock Result and Felda share stock code is 522...: Here are the result of Felda Global Ventures FGV stock: FGV share price Opened at RM5.39, above IPO price. The stock price closed at RM5...

OCK Group to raise RM27m via IPO

OCK Group to raise RM27m via IPO

Wednesday, June 27, 2012

Mexican tycoon Slim scores new win in Europe

Mexican tycoon Slim scores new win in Europe: MEXICO CITY, June 28 — Mexican tycoon Carlos Slim notched another victory in Europe yesterday as he acquired a quarter of Dutch telecom KPN, bolstering his expanding mobile phone empire. Slim’s cellphone giant America Movil said it was offered more shares than it needed to reach its goal of getting 27.7 per cent of KPN. America Movil’s €8/share ...


News Corp board expected to approve split

News Corp board expected to approve split: NEW YORK, June 28 — Rupert Murdoch will oversee one of the most important board meetings of his more than 40-year career yesterday afternoon as News Corp directors vote on whether to divide the US$60 billion (RM180 billion) media conglomerate into two separate publicly traded companies. Most of the board members will meet at News Corp’s Sixth ...


Is the euro beyond salvation?

Is the euro beyond salvation?: LONDON, June 28 — Here is a nightmare for Europe’s leaders to ponder as they prepare for yet another summit to tackle the euro zone crisis: A bond auction fails in Spain, spreading solvency worries to Italy and beyond and triggering uncontrollable bank runs that spell the single currency’s end. Is such a scenario likely? Policymakers hope not. Is ...


FGV soars 19pc on debut



FGV soars 19pc on debut: KUALA LUMPUR, June 28 — Shares of Felda Global Ventures Holdings Bhd jumped as much as 19.3 per cent in its debut today as the US$3.1 billion (RM9.3 billion) initial public offering (IPO) overcame a slump in stock listings globally. A string of Asian IPOs have been delayed or scrapped in recent weeks as investor worry about Europe’s debt crisis ...


Spain requests EU aid, market hopes dim

Spain requests EU aid, market hopes dim: MADRID, June 25 – Spain formally requested euro zone rescue loans today to recapitalise banks that are laden with bad debts as the euro and shares fell due to investors’ scepticism that a European Union summit this week will act decisively on the bloc’s debt crisis. Spanish Economy Minister Luis de Guindos asked for up to €100 billion (RM399.57 ...


China rejects EU accusations on Huawei, ZTE subsidies

China rejects EU accusations on Huawei, ZTE subsidies: BEIJING, June 26 – China rejected European Union accusations that two top Chinese telecom equipment makers accept illegal government subsidies to undercut prices. Huawei Technologies Co and ZTE Corp, the world’s second- and fifth-biggest makers of telecom equipment respectively, have been gaining market share from European rivals such as Ericsson ...