The previous 15% Cash Back Promotion ended 30th June 2010. Public Bank is currently aggressive with credit card promotion extend the 15% cash back promotion with a new campaign called Public Bank Double Bonus. This campaign will reward up to RM2 million in cash & prizes to be won.

 

This promotion is valid from 1st October 2010 to 28th February 2011. Under this promotion, Public Bank credit card holders who spend on weekdays will earn 15% Cash Back and 10% Cash Back on weekend spending. All the spending must be in single receipt with minimum of RM50.

On top of cash rebate, card holders are eligible to won BMW 523i, Honda CRV and Nissan Grand Livina with every RM50 spending. Local purchase will earn 1 entry while overseas will earn 2 entries.

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stock market

Further Election Indications. With the Star reporting that the PM has called on UMNO party members to get ready for the general election, we believe our long held view of an early 2011 polls will indeed become reality. Given the history of pre-election rallies, we maintain our year-end KLCI target of 1496 pts and 2011 KLCI fair value of 1648 pts even as we caution on the 3Q results to be announced in November. We are particularly positive on the Construction, Property and O&G sectors as part of the election theme. With the Sarawakian state election possibly being held in 2010 and the general election before June 2011, any weakness in the local bourse in November is a cue to Buy.

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property

The Edge Property Excellence Awards, the TPDA established in 2003 ranks the country’s best property players from the consumer’s perspective for their quantitative and qualitative attributes. In 2010, the award was given on the 7th October during The Edge Property Excellence Awards 2010 event.

The “quantitative” elements were the companies’ shareholders’ funds, revenue, pre-tax profit and net gearing for the fiscal year ended 2009.

The “qualitative” attributes include the quality of the product, innovation and creativity, value creation for buyers, image and expertise. Deloitte Malaysia audited the tabulation of both the quantitative and qualitative results.

Below are the list of companies that received the award.

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stock market

Budget 2011 appears to promote private consumption and investment given its notable PPP initiatives in infrastructure development. While fairly Neutral, there were slightly more positive than negative surprises, especially since the highly anticipated tightening measures on the property sector did not materialize. We see the Construction, Property and Consumer sectors as the biggest winners from this Budget although we do not see a major market reaction as most of the main budget items had been unveiled earlier.

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commemorative coins bunga raya

Bank Negara Malaysia (BNM) was issuing 2 new Commemorative Coins in conjunction with the 50th Anniversary of the Proclamation of the Bunga Raya as the National Flower and 125th Anniversary of Jabatan Ukur Dan Pemetaan Malaysia. Both Commemorative Coins issued on 30th September 2010 and 14th October 2010 respectively.

Three types of commemorative coins issued by BNM on respective anniversary. They are as below,

Gold Commemorative Coin (proof)
This proof coin is made of gold with 999.9 purity and weighs 7.96 grams. It has a face value of RM100 and will be sold at RM1,200 a piece. The mintage quantity is limited to 150 pieces for each anniversary.

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