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Every wonder why we didn't cover the IPO for Tune Ins ? Other than CNY mood, it's because of the unexciting part of this new stock. Why? Please read on... Tune Ins Holdings Sdn Bhd (TIH) operates 2 core businesses. First, it provides online insurance where insurance products are sold as part of the customer’s online booking process with their partners namely AirAsia, Tune Hotels and AirAsia Expedia. TIH also operates a general insurance business, through 83.26% owned subsidiary - TIMB. Why invest in Tune Insurance Holdings? Wide and cost effective distribution channels Provide ease in buying coverage Exclusive partnership with AirAsia Ability to ride on AirAsia’s robust growth Additional revenue and cost synergies from TIMB Robust industry prospects However, some of the above investing reasons had also became the disadvantages of TIH. It's reliant on AirAsia business is too important. TIH's success is very much depends on the success of AirAsia businesses, and because...

Since I am from Ipoh, he is my real Menteri Besar.

Bully-boy Malaysia immature and Australia's reaction so limp Date February 19, 2013 Category Opinion 15  reading now Comments  109 Read later Peter Hartcher Sydney Morning Herald political and international editor View more articles from  Peter Hartcher in Share Pin It submit to reddit Email article Print Reprints & permissions Illustration: John Shakespeare Malaysia's decision to ban an Australian independent senator, Nick Xenophon, tells us a good deal about the state of its government, the world's longest-ruling outside the communist world, as it heads to an election. Australia's response tells us a few things about ourselves, too. Before critiquing the ruling party, the party of Mahathir, now the party of Prime Minister Najib Razak, we should acknowledge that it knows a thing or two. First, it's worked out how to hold power continuously for 56 years, ever since Britain granted Malaysia independence. That's a serious accomplishment. Second, it hasn't...

Joe Stiglitz has penned an interesting article on the growing inequality of measured income in the United States.  The facts that he uses, of course, are subject to the usual limitations.  If you ignore everything the government does and all employee benefits, then you get one answer.  If you include government spending and employee benefits you get an entirely different answer.  But, lay that aside for the moment, because, I think, Stiglitz is on to something.  There is growing inequality of opportunity in America, but not for the reasons Stiglitz is implying. It is no wonder that wealthy liberals are at the forefront of the call for reduced inequality.  They know that their policies will solidify their exalted status in society. They are not at risk. The simplest example can be read in today's editorial in the NY Times in support of raising the national minimum wage from $ 7.25 per hour to $ 9.00 per hour.  That kind of policy won't hurt the liberal ...

A few days ago, I briefly blogged on Tune Insurance, the tagline being "Good but pricey". Over the past few days, I have had more opportunity to delve deeper into the company's prospects. Despite my initial guarded-ness, I think the listing could be a most exciting new listing for first half of 2013. From a team of 16 people at the start of 2011 to acquiring a general insurance company with approximately 1,000 agents and 15 branches throughout Malaysia. It is getting to the stage where AirAsia having achieved economies of scale in terms of passengers, they can now be a force in anything that is remotely linked to this captive group of growing passengers.  I mean if they could charge for seatbelt or going to toilet, that would be a listable concern on its own. As for insurance, its a captive crowd, those who do not sign up travel insurance should be labelled as "criminally stupid". Now think for a second, other forms of insurance requires a huge sales force, this...

Movies are to be enjoyed but if you are funny, observant enough ... it can make for very funny mockumentary. I love dark or mean humour, to me funny is funny. Those who say low brow humour is the pits probably is too prim, proper, snobbish and stuck-up... and won't be welcomed in my playground.  Enjoy. 

It is imperative to look at the US markets when we are trying to predict global sentiment. More so now as a lot of the quantitative easing for the past 3 years have been sitting mainly by the sidelines, in money market funds and bonds. Somehow, there is a congruence of factors aligning together over the 2 months. First, you have the definitive sustained easing by Federal Reserve until unemployment reaches 6.5%, which won't be likely to be achieved for at least another 6 months. Secondly, you have Draghi somehow pulling a rabbit out of thin air to revive the Euro and that brought about an important demand for the weaker country bonds, which is so crucial in the continuing restructuring and repairing of the EU from the financial mess. Thirdly, you finally have a significant change in government in Abe for Japan, someone who is firmly for a sustained easing policy, targeting an inflation rate of 2%. A new BOJ top gun will be appointed to ensure that target. The 3 factors all helped to...