ThxPORTAL - My OnlinE InvestmenT ProgresS

Malaysia's latest issue of five-year global bonds advanced on their first day of trading after yesterday's sale attracted orders for more than five times the US$1 billion (RM3.3 billion) originally sought.The Islamic notes due June 2015 yielded 3.87 per cent early yesterday in Hong Kong, six basis points less than the 3.93 per cent the securities were priced at in yesterday's sale, according to data provided by Barclays plc, one of the deal's three arrangers. That's 171 basis points more than similar-maturity US Treasuries,...

SHARE prices on Bursa Malaysia extended their losses today on continuous selling mainly in key blue chips and banking-related stocks, dealers said.The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) fell as much as 25.84 points amid rising concerns that Europe's debt crisis may spread and over reports of North Korea readying its military for a possible confrontation with South Korea over the sinking of a warship.At 5pm, the FBM KLCI lost 23.56 points or 1.85 per cent to close at 1,250.13, off it intraday...

KUALA LUMPUR: The Employees Provident Fund (EPF) expects its investments to reach RM500bil by end-2013, said deputy chief executive officer (investment) Shahril Ridza Ridzuan. He said the fund's investments stood at RM385bil in the first quarter of this year compared with just RM9bil in 1980. The EPF has over RM370bil in funds. “We are chalking up about 8% compounded annual average growth now and by this, we expect our investments will be RM500bil by the end of 2013,” he said yesterday at a media briefing and media launch of...

SEOUL (Reuters) – South Korea accused the reclusive North on Thursday of torpedoing one of its warships, heightening tension in the economically powerful region and testing the international position of China, Pyongyang's only major backer. South Korea said it would take "firm" measures against its impoverished neighbor, which furiously responded that it was ready for war if Seoul or its allies imposed sanctions. A report by investigators, including experts from the United States, Australia,...

KUALA LUMPUR: Malaysia will offer around US$1bil in a global sukuk issue to investors from Wednesday, its first international debt sale since 2002, two sources familiar with the planned issue told Reuters. The sources said the Government was targeting about US$1bil (RM3.2bil) for the bond that would be entirely sukuk and would be launched at an Islamic economic forum. Lead managers for the deal are CIMB and HSBC. CIMB declined to comment while HSBC was not immediately available. “(The government) is targeting about US$1bil,”...

Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note: Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him. That's pretty intense! Update:...

Bob ChapmanFirst 6 months of 2010, Americans will continue to live in the 'unreality'...the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications ...(source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Street believes...

By Gabi Thesing and Flavia Krause-Jackson May 3 (Bloomberg) -- Euro-region ministers agreed to a 110 billion-euro ($146 billion) rescue package for Greece to prevent a default and stop the worst crisis in the currency’s 11-year history from spreading through the rest of the bloc. The first payment will be made before Greece’s next bond redemption on May 19, said Jean-Claude Juncker after chairing a meeting of euro-region finance ministers in Brussels yesterday. The 16-nation bloc will pay 80 billion euros at...