World Bank recently published a new report regarding the easiest country to do business in the world for 2012.
The countries are ranked on their ease of doing business, from scale 1 – 183. A high ranking on the ease of doing business index means the regulatory environment is more conducive to start and operate a local firm.
These index averages the country’s percentile rankings on 9 topics, made up of a variety of indicators, giving equal weight to each topic.
Malaysia is at position 18th up to 3 positions from 21st in 2011. The top 3 countries namely Singapore, Hong Kong and New Zealand manage to retain its position as per 2011 rankings.
The table below is the rank of the top 30 countries.
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iDimension Consolidated Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 5 million shares. It was oversubscribed by 6.09 times. The IPO attracted 1,218 applications or 35.4 million shares.
In addition, 7 million shares made available for private placement to identified investors have been placed out.
Below is the allotment summary.
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For November, given the previous month’s sharp rally, OSK expects some pullback in global markets, with Malaysia being no exception.
Barring the announcement of a General Election, OSK remains defensive on the Malaysian market and would advocate a BUY only if the KLCI retraces towards 1,300 pts, while we may call a SELL if the market heads towards 1,533 pts. Maintain NEUTRAL for now.
The table below is the target price for OSK’s November 2011 top picks.
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MBSB or Malaysia Building Society Berhad, a subsidiary of KWSP is offering 3 personal loan packages with profit rate (interest rate) as low as 3.5%. This promotion will end on 31st December 2011.
The loan packages are 1 Malaysia, Waslah and Exec-i Package. These loan packages are only for government staff, government agency and government link company(GLC) which have salary deduction via Biro Angkasa.
Another benefit of personal loan from MBSB is low fees, fast approval and individuals who blacklisted by CCRIS & CTOS are eligible to apply.
The table below is the comparison between the three packages.
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Most of the stock market in the world does not performing well in Q3 2011. When compare Q3 2010, only 13 out of 51 stock markets in the positive territory and Busa Malaysia was one of them.
In the same period, market capitalization for Bursa Malaysia increase by 1.10 percent if measured by Malaysian Ringgit but decrease 2.2 percent if the measurement made based on US Dollar. The decrease is due to strengthing of Malaysian Ringgit.
The top 2 world’s best-performing stock markets are Irish & Tehran stock exchanges. Both showed more than 40 percent increase. Meanwhile, the worst stock exchanges are Cyprus and Athens stock exchanges, which decrease more than 40 percent.
The table below is world stock exchange rank based on previous 1 year data.
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