Girl, Let Your Inner Investment Animal Roar!

What is it with women that they are often associated with furry animals such as playful kittens and bunnies; or nasty vixens, shrews, and bitches; and, worst of all, tigresses and cougars on the prowl? But when it comes to investing, what is your inner animal? Surely, inside every woman there is an inner investment animal that is just waiting to roar, or meow, as it were. Does it really take a ferocious roar to unleash the female inner investment genius that, unbeknownst to them, may lie dormant and silenced?

According to this article, Australian scientists may have identified the male ‘fight or flight’ SRY gene, only found on the Y chromosome that clearly contrasts with the oestrogen-linked ‘cuddle hormone’ in females named oxytocin. Does this mean women are incapable at roaring in the investment jungle? Certainly not these 7 Outstanding Female Investors Who Fought Their Way To The Top, each in their own way are roaring investment tigresses worthy of emulation. Notably, they share the common experience of having been rejected, ignored and ostracized in a male dominated financial and investment world.

But apparently, this financial world is changing and more women are learning the ropes about investing and are willing to share their experiences in the typical “tend and befriend” response of their gentler gender. Two Canadian women have made their online sisterhood flourish through a personal financial website goldengirlfinance.ca. They also wrote a book “It’s Your Money, Honey”, deemed a girl’s guide to saving, investing, and building wealth at every age and life stage, seem girlishly fashionable. So, is the female investment animal a roaring tigress or is she a cuddly kitten?

Well, just when you think you know the answer, someone writes a book, “Warren Buffett Invests Like a Girl and Why You Should Too”, and it turns out that “investing like a girl” is a good thing as it refers to Buffett’s “even temperament — calm, disciplined, patient, realistic. The result: long-term investing success.” In the book, the following eight traits summarises Buffet’s “girly” investment approach; Female investors tend to: • Trade less than men do. • Exhibit less self-confidence • Shun risk more than male investors do. • Be less optimistic, and therefore, more realistic, than their male counterparts. • Put in more time and effort researching possible investments. • Be more immune to peer pressure. • Learn from their mistakes. • Have less testosterone than men do (thus less willing to take extreme risks)

For one woman, Sara Blakely, reliance on word of mouth and woman-to-woman advice has helped her laugh all the way to the world’s youngest self-made woman on the Forbes’ World’s Billionaires list. There is a lot to be said for 41-year-old Blakely who, according to this Wall Street Journal article; “…..owns 100% of private company Spanx, has zero debt, has never taken outside investment and hasn’t spent a nickel on advertising.” There is a lot to be said for “girl power” when it comes to investing in a product that appeal to women. Like Blakely, even if you didn’t get help from a husband or an inheritance, in the financial jungle it is clearly obvious that the female gender needs to find the voice of her inner investment animal.

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The Evolution of SOHO

SOHO refers to small office home office or single office home, it is beginning to mark its presence in cities around the world and its popularity has gained momentum in Malaysia. In this high-tech age, SOHO has evolved to be a modern day life-style for the fast-pace world. SOHO’s concept fits in nicely with the modern life-style of city folks as it can be used as an office space cum living with full facilities and services to its tenant. As such, the folks can operate their businesses more cost effectively and in the convenient and comfort of their home.

In the 60’s, SOHO trend began setting its foot in Manhattan. Back then, it is merely a ‘Cast Iron District’ not cater specifically for residential purposes. In those days, the Cast Iron District comprised mainly of warehouses and factories with cobblestone laying its streets occupied mostly by small businessmen, low-income labourers who were mostly illegal immigrants. These people worked and stayed at the same place to save cost. As such, it was then deemed illegal until the 80’s.

In the 80’s, due to rapid increase in population resulting in congestions and high cost of operation in the commercial area, the idea of decentralisation was then mooted to ease the situation. Presently, with the introduction of electronic devices that makes communication within finger-tips, many entrepreneurs, researchers and other professionals find it a convenient way to handle business dealing at home. This mode of operation actually minimise operational cost and increase efficiency and productivity.

Likewise, in Malaysia, since the trend of SOHO trend marked its spot around 4 to 5 years ago, the working behaviour and pattern among the Malaysian especially the young executives and businessmen had changed tremendously. With the SOHO life-style, they can now plan their time usage more effectively and efficiently. The flexible working hours and time saved on unnecessary travelling on the road and mingling among staffs and clients can be better used for their other purposes without compromising on result.

A SOHO life-style offers its tenants an effective, functional working and dwelling area without the pressure of a conventional work office. Being in the comfort of your “own home”, It offers the tenants easiness and peace of mind to concentrate on his or her everyday work.

Due to its tenants’ profile, developers usually choose a site to develop SOHO project where public transportation is near. There are several up and coming SOHO projects in Malaysia. Notably, the Centrio SOHO in Bangsar, Empire Subang SOHO in Subang Jaya, Empire Damansara SOHO in Damansara Perdana, PJ5 SOHO in Kelana Jaya, the Ascott SOHO in Old Klang Road and Parklane SOHO Duplex Suites in ss7 Kelana Jaya. The numerous project mentioned is a clear indication that the SOHO life-style is the “things to come” in Malaysia.

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Japan agency keen to fund projects in Malaysia

THE Japan International Cooperation Agency (Jica) is offering soft loans for several government-funded projects, such as the MY Rapid Transit (MRT) project.

Jica senior representative for Malaysia Khoyo Okubo said the agency is also interested to fund the development of the light rail transit (LRT) extension project and the high-speed train linking Kuala Lumpur and Singapore.

“If there are funding requests from the Malaysian government for some of these projects, we will consider it as we are bullish on the prospects here,” she said at a luncheon yesterday to introduce Jica Malaysia’s new chief representative, Kunihiko Sato.

Jica, which scrutinises funds under Japan’s official development assistance, has been providing soft loans to the Malaysian government in the last 40 years for projects in the construction, environment, education, healthcare and transportation sectors.

Among the projects were the Kuala Lumpur International Airport, the Port Klang power station, the Bintulu deepwater port, the Johor port, the Tenom Pangi hydroelectric, the Batang Ai hydroelectric, and the Seremban-Ayer Hitam expressway.

In March 2005, Jica had inked an agreement with the Malaysian government to provide soft loan of RM3.3 billion for the Pahang-Selangor raw water transfer project.

The amount is to build a 44.6km water transfer tunnel, an intake and pumping station, an 11.8km double pipeline and an earthfill dam. Japan’s Taisei Group and Shimizu are involved in the project.

Meanwhile, Sato said Jica would like to support Malaysia so that the country could achieve its development target.

Source by: Business Times

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KL stock trading likely to be rangebound

It’s probably going to stay this way for a few good weeks or months before the general elections, says a dealer from a Malaysian brokerage firm.

THE stock market’s benchmark index is likely to trade rangebound this week, with a slight upward bias amid a lack of strong leads.

The FBM KLCI inched up steadily last week, gaining 0.9 per cent to close at 1,585.83 on Friday, outperforming regional and US markets which were on correction mode.

“We’ve come to a sort of rangebound trade for now and it’s probably going to stay this way for a few good weeks or months before the general elections (GE),” said a dealer from a local brokerage firm.

Foreign investors will not participate in the market in a big way until the GE is over and there is more certainty to its outcome, he added.

In the meantime, there are foreign short-term funds buying into some index-linked stocks.

Stocks that are deemed to benefit from the Economic Transformation Programme projects like Gamuda Bhd may be in focus as the government hands out more contracts ahead of the GE, analysts aid.

RHB Capital Bhd-OSK Holdings and SapuraCrest-Kencana Petroleum may also be in the spotlight on ongoing merger-related news.

“Due to the FBM KLCI improving technical readings, there could be one more upleg to retest 1,597 (historical high) if immediate resistance at March 7′s pivot high of 1,585 is violated. Otherwise, the market is expected to stay rangebound,” said Hong leong Investment Bank Research in a report last Friday.

It said that in the wake of volatile overseas markets and looming 13th GE, it prefers to focus on defensive stocks, solid net cash companies with potentials of merger and acquisitions or capital management, as well as high dividend yielders.

“Overall, investors should capitalise on further rallies to trim their shareholdings and stay nimble amid volatile external markets,” it said.

In the US, the Dow Jones Industrial Index Average had its worst week of the year, falling by 1.2 per cent to 13,080.73.

This week, investors will be watching out for more economic data coming out from the world’s largest economy such as fourth-quarter gross domestic product on Thursday.

Source by: Business Times

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Asian stocks rebound as dollar eases

SINGAPORE: Asian stocks rebounded today and the dollar eased after Federal Reserve Chairman Ben Bernanke said ultra-loose monetary policy was still needed to reduce unemployment even though the US economy has shown signs of improvement.

Wall Street stock rose more than 1 percent on Monday, as Bernanke’s comments supported views that easy monetary policy would remain in place for some time and fanned expectations for more asset purchases by the U.S. central bank.

Global equities have been rallying since late last year, partly due to steadily improving U.S. economic data and massive doses of liquidity from central banks, but hit a bump in mid-March after China signalled its growth was moderating.

“We are clearly addicted to this highly liquid market, and Bernanke has reassured that it (will) stay up this way,” said Kent Engelke, chief economic strategist at Capitol Securities Management.

MSCI’s broadest index of Asia Pacific shares outside Japan rose 0.5 percent, led by materials stocks that had been hit in recent days by expectations of lower Chinese demand for resources.

Tokyo’s Nikkei share average rose 1.6 per cent, taking its gains for the year-to-date to around 20 percent.

Previous rounds of “quantitative easing” — the creation of money to fund asset purchases by the Fed — have weakened the dollar, and the dollar index, which measures the currency against a basket of major peers, hit a four-week low on Tuesday.

The euro, which was also supported by data from Germany showing business morale rose unexpectedly for a fifth successive month in March, rose to its highest in a month before easing to trade steady on the day around $1.3356.

Oil was also steady, after rising on Bernanke’s comments on Monday, with U.S. crude just above US$107 a barrel and Brent crude around US$125.60. – Reuters

Source by: Business Times

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Market Pulse: Opening pumps won’t drive down oil price – CMC

The plan by the U.S. and UK to release strategic oil reserves is unlikely to have much impact on prices, says Michael Hewson of CMC Markets.

Source by: Reuters

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Glomac sees 30pc profit growth

PROPERTY developer Glomac Bhd is on track to grow its net profit by 30 per cent in this fiscal year ending April 30 2012.

“We expect to perform much better this year with profit after tax growing by 30 per cent,” chief operating officer Tan Boon Chuan said at the launch of the company’s latest project, Glomac Centro here, on Saturday.

Tan is confident of a better showing this year based on strong take-up rates for its properties as well as a high unbilled sales of RM588 million.

The company’s RM63.5 million net profit attributable to shareholders for the first nine months ended January 31 2012 has surpassed the company’s full-year net profit attributable to owners of the company of RM63 million, ended April 30 2011.

For the current financial year, Glomac is set to launch about RM1.5 billion worth of properties with a sales target of RM500 million.

Next week, the developer is slated to launch the RM270 million Reflection Residences located in Mutiara Damansara.

Tan said Glomac has close to RM6 billion worth of property projects that would keep the company busy for the next eight years.

The newly-launched phase 1 of Glomac Centro comprises two-storey shop offices and 29-storey serviced apartments with a gross development value (GDV) of RM370 million.

Glomac Centro sits on 3.1ha land in Bandar Utama, Damansara, and is scheduled for completion in 2015.

The GDV for shop offices is RM120 million, while the GDV for the serviced apartments is RM250 million.

The 54 units of shop offices that were pre-launched at the end of last year received positive response with more than 50 per cent take-up rate.

The serviced apartments consist of 344 units and going for an average of RM550 per sq ft, or from RM596,700 onwards.

At the close of trading on Friday, Glomac shares were unchanged at 0.87 sen, with 650,000 shares traded.

Source and picture by: Business Times

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A Brief Overview of the English Property Market

Property prices in England are believed to have hit an all time low in the past three years. Yet, at the start of 2012, some sellers decided to plunge even lower and put their properties up for sale at £20,000 to £30,000 less than the earlier prices. This is a clear indication that if you have the means and funds to invest in property in England, the time is right now.

If you are a first time buyer who is planning on purchasing a piece of property worth £250,000 or less before 25 March 2012, you will be exempted from paying stamp duty. The stamp duty percentages are graded into bands which change when new budgets are announced. This stamp duty ‘holiday’, as it is regarded in the United Kingdom (UK), has encouraged a 23% increase in the number of first time property buyers since last year. After 24 March 2012, only properties worth £125,000 or less will be exempted from this stamp duty which has been a major incentive for purchases among recent buyers.

Some, if not most of the property investors in the UK are currently favouring the buy-to-let trend. This simply means that they purchase the property as an investment and leave it to a letting agent to look after, seeing that most of these investors are not based in the UK. For a stipulated fee, the letting agents will ensure that the property is rented to the right calibre of tenants who pay the rent promptly and look after the premises. The better known letting agents like Richard Worth Lettings, carry out quarterly checks on properties that have been let, to ensure that both the owners and occupiers are satisfied with the tenancy.

With the oncoming London 2012 Olympic Games, smart and prudent property owners in the heart of London, and surrounding areas including the Heathrow and Stansted airports have put their flats and home units up for rent. These pieces of property are being snapped up instantly by various participating contingents of the Games, their families and friends. This is one way in which many property owners are looking to make good profits from their investments in an otherwise gloomy economic climate.

In terms of locations to buy into, it all depends on the reasons one has for making the purchase. If it is purely as an investment, Canterbury, Cambridge, Bath, Winchester and Kent, all with their old world charm are English towns that are popular choices. You will be able to rent the property here out and expect promising returns. On the whole, Southeast England is well-known for its remarkable primary and secondary schools. As such, parents often make the effort to relocate across counties to ensure that their children are placed in schools that will prepare them well for the future. Hence, if you plan to buy a particular piece of property and live in it, plus have a young family, Southeast England would be a good choice. Here, you will be able to obtain a three bedroom house with a garden and driveway for anything between £250,000 to £300,000.

As a city, London is still one of the most expensive areas to live in. Properties here are usually priced in the £1 million range, yet pose as lifelong investments that can be passed on from one generation to another.

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Sport’s Big Earners Make 2nd Fortune in Real Estate

 

Clockwise from top left, Park Chan-Ho’s building, Seo Jang-Hoon’s, Lee Seung-Yeop’s and Park Ji-Sung’s

 

Sports stars are making fortunes investing in real estate. Lee Seung-yeop of the Yomiuri Giants in the Japanese Baseball League recently bought a building worth W30 billion (US$1=W1,125) in Seongsu-dong, Seoul. Other top sports stars such as Park Ji-sung of the Manchester United in the English Premier League, Park Chan-ho of the Philadelphia Phillies in Major League Baseball, Seo Jang-hoon of the Incheon ET Land Elephants in the Korean Basketball League already own at least one building.

Park Chan-ho is the most successful real estate investor so far. Park, who won the jackpot by signing a five-year, US$65 million contract with the Texas Rangers in 2001, built Park’s Sports Group Building in Sinsa-dong, southern Seoul in 2005. Currently, 12 companies are renting the building, including an exhibition center of Park-related baseball items, and the value of the building is appraised at W18 billion. Local estate agents say the value has at least doubled since its construction.

Seo, who has earned an average of W380 million a year over his professional career spanning 12 years, acquired a building near Yangjae Subway Station in southern Seoul for around W3 billion in a court auction in 2000. Estate agents say because the area is included in redevelopment plans, the land costs at least W100 million per 3.3 sq.m.

On the other hand, Park Ji-sung’s building in a new town in Yongin, Gyeonggi Province did not do so well. The area has not been fully developed, and due to the recession, the building may have made a loss so far. A staffer in charge of renting out office space in Park’s building said, “We are doing better than other buildings nearby because people think there is no way that Park can falter.”

Ahn Myung-sook, who leads the real estate team at Woori Bank, said, “Investment in buildings can bring you rent in the long-term and huge profits from fluctuating market prices if you are lucky. Quite a number of sports star prefer to invest in property to manage big sum of money they earned in a short period of time.”

 

Source by: The Chosunilbo

 

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RBS shutting downsome Asian operations

 

ROYAL Bank of Scotland plc is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, South Korea and Singapore in the latest move to cut the size of its struggling investment bank.

The decision sheds light on the British lender’s recent agreement with CIMB Group Holdings Bhd for the sale of Asian assets, signalling that Malaysia’s second-biggest bank is eyeing RBS’ Hong Kong, India and Australian businesses to boost its investment banking presence in Asia.

The plan is in line with chief executive Datuk Seri Nazir Razak’s ambitions to make CIMB a leading Asian financial services firm. CIMB has in recent years significantly boosted its presence in Southeast Asia through banking and brokerage assets acquisitions in Indonesia, Singapore and Thailand.

CIMB said earlier this month that it had entered into exclusive talks with RBS to acquire some of its Asia-Pacific cash equities and investment banking businesses.

“The main idea behind the acquisition is for CIMB to secure a presence beyond Asean,” said Chris Eng, head of research at Malaysian broker OSK. “The main markets that will benefit them from RBS are places they don’t have, such as Hong Kong, Australia and Northeast Asia.”

An RBS spokeswoman said 70 employees would be impacted by the closure of the units and that it would work closely with CIMB to conclude the deal for the other Asian units.

“For commercial reasons, we have agreed with CIMB that the cash equities, ECM and corporate finance businesses in Korea and cash equities in Indonesia and Singapore will not ultimately transfer as part of the sale,” RBS said. “We have therefore made the decision to initiate steps to wind down these businesses commencing today.”

A significant chunk of RBS’ operations are in Hong Kong, Singapore, Australia and India. It has offices in 11 countries across the region, including China.

In another development, Royal Bank of Canada will buy some overseas divisions of the Coutts private banking business from Royal Bank of Scotland, giving RBC access to high net worth individuals in fast-growing emerging markets.

Canada’s largest bank is buying Coutts’ Latin American, Caribbean and African private banking arms, which managed around STG1.5 billion (RM7.3 billion) of assets, in line with RBC’s long-lived promise to build its global wealth management business.

Terms of the deal were not disclosed. While the acquisition adds only fractionally to RBC’s C$302 billion (RM936 billion) in assets under management, analysts said the bank has been looking to allocate capital outside of Canada’s low-growth environment.

Coutts, which was founded by Thomas Coutts in the 18th century, is one of Britain’s best-known private banks.

Toronto-based RBC already has a presence in the Caribbean but is working from a low base in Latin America and Africa. The acquisition includes clients who reside in Latin America, the Caribbean and Africa, as well as key private banking staff based primarily in Geneva. It also includes a team in the Cayman Islands, RBC said. Reuters.

 

 

Source by: Business Times

Picture Courtesy of: topnews.ae

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