dinarpmkum

Let's face it, bad news sells, good news .. not so much. Remember the plethora of bad news articles and commentaries surrounding Facebook when it got listed with an IPO price of $38, it went downhill all the way ... way way to low 20s, and that was less than 14 months ago. With each passing dollar down, news articles were rampant on what went wrong. Did you know as of last week Facebook went above $38? Not many do unless they traded US stocks. It did not magically surged to $38 from low 20s overnight, it took months, well much of it over the last 3 months, but most of us would not be aware because there was scant coverage on the whys and hows on the way up. Newsies love a bad story, editors love a bad breaking story. So if you want to get depressed quick, always stay put with the news .. be it from the dailies, the TV or the radio. Here is another good story which many would not have heard of. As a business person, I am always amazed at how certain big companies can somehow reinven...

From Asia Sentinel: Mahathir's Disastrous Financial Speculation Written by Our Correspondent    MONDAY, 05 MARCH 2012   photo credit: Financetwitter.com A murky and embarrassing case is closed, hiding top government officials’ involvement Sometime over the next few days, a court in Kuala Lumpur will put the finishing touches to an agreement that allows Tajudin Ramli, the former head of Malaysian Airline System, not only to walk away from charges that he had  looted the airline of tens of millions of US dollars but with an RM580 million (US$293.2 million) out-of-court settlement from the government. It appears to be a settlement that the government would rather keep to itself. At the heart of the agreement with Tajudin is a convoluted story that began as long ago as the 1980s when Malaysia’s central bank, Bank Negara Malaysia, at the urging of then-Prime Minister Mahathir Mohamad, began speculating aggressively in global foreign exchange markets, at one time running u...