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The Malaysian Government announced a RM7 billion stimulus package for the Malaysian economy after cutting its economic growth forecast for 2009 from 5.4% to 3.5% (source). Some of the goodies this package offered were RM1.5 billion Investment Funds, RM1.2 billion of low and medium cost houses, RM600 million to upgrade roads, bridges and community [...]

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The Bursa Malaysia recently hit a 22 month low with crude palm oil futures dropping to a 16 month low. The Ringgit suffered the lowest it has ever been to the USD in the whole year as other commodities took a tumble amidst falling oil prices.
The looming September 16 deadline of Anwar Ibrahim’s intended [...]

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Plantation stocks on the local bourse took a nosedive recently as crude palm oil fell below RM2,400 per tonne amidst falling crude oil prices.

Heading the top losers’ list was Kuala Lumpur Kepong Bhd, which fell 60 sen to RM10.50. Kulim (M) Bhd lost 25 sen to RM7.05 and Kulim-WB dropped 19 sen to RM4.96.
Heavyweight IOI [...]

Washington under the Bush administration has finally decided to bail out the troubled Fannie Mae and Freddie Mac companies in a move that was lauded by investors world wide. Fannie Mae and Freddie Mac, despite their cute names, are the biggest home financing providers in the US and have been the backbone of the housing [...]