"We're excited by this great potential. This further reinforces Kuala Lumpur as an important Asian gateway. Our strong business and cultural ties to Indonesia make us a natural departing point for flights across the region, " Malindo Air chief executive officer Chandran Rama Muthy said in a press statement.

Folks, Malindo will have 10 new aeroplanes added to its fleet every year as part of its plan to own 100 aircrafts in 10 years time.

Time will tell!

Folks, Malindo Air's inaugural flights to Bali and Jakarta in Indonesia yesterday and Monday respectively have been well received.

The all inclusive one-way fares from Kuala Lumpur were almost fully booked by Malaysians and tourists.

So will AA load to the same sectors be affected with this new development?

AirAsia ScoreCard

02.10.13 : DEP / ARR

Scheduled: 423 / 422

Tracked : 418 / 415

Departed: 411 / 408

Cancelled: 007 /007

On-time : 84% / 82%

Philippines AirAsia ScoreCard

02.10.13 : DEP / ARR

Scheduled: 08 / 07

Tracked : 08 / 07

Departed: 08 / 07

Cancelled: 00 / 00

On-time : 100% / 100%

AirAsia-X ScoreCard

02.10.13 : DEP / ARR

Scheduled: 30 / 31

Tracked : 28 / 23

Departed: 28 / 22

Cancelled: 00 / 01

On-time : 89% / 77%

Thailand AirAsia ScoreCard

02.10.13 : DEP / ARR

Scheduled: 208 / 207

Tracked : 200 / 192

Departed: 198 / 190

Cancelled: 002 / 002

On-time : 89% / 89%

Indonesia AirAsia ScoreCard

02.10.13 : DEP / ARR

Scheduled: 168 / 169

Tracked : 164 / 162

Departed: 162 / 160

Cancelled: 002 / 002

On-time : 70% / 62%

Folks, Asian equity markets kicked off Thursday mixed after President Barack Obama said that financial markets should be genuinely worried about the budget stalemate on Capitol Hill.

Investors will be watching to see if emerging Asian markets like the Philippines and Indonesia will extend gains into a third session when they re-open for trade.

QZ 8206 02/10/2013 07:35 PM JAKARTA-KUALA LUMPUR CANCELLED

D7 0173 02/10/2013 07:25 AM JEDDAH-KUALA LUMPUR CANCELLED

AK 5125 02/10/2013 01:50 AM K. KINABALU-KUALA LUMPUR CANCELLED

AK 5221 02/10/2013 01:00 AM KUCHING-KUALA LUMPUR CANCELLED

AK 5220 02/10/2013 09:00 PM KUALA LUMPUR-KUCHING CANCELLED

AK 5124 02/10/2013 08:20 PM KUALA LUMPUR-K. KINABALU CANCELLED

QZ 8207 02/10/2013 08:20 PM KUALA LUMPUR-JAKARTA CANCELLED

AK 1809 02/10/2013 11:00 AM KUALA LUMPUR-SINGAPORE CANCELLED

AK 1342 02/10/2013 10:50 AM KUALA LUMPUR-PEKANBARU CANCELLED

D7 0236 02/10/2013 12:05 AM KUALA LUMPUR-PERTH CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Folks, China, Asia's largest economy, has seen its growth hit by a decline in demand for exports from key markets such as the US and Europe. Its growth rate has slowed for two quarters in a row.

Over in India, a slowdown in sectors such as manufacturing, coupled with a lack of reforms in key areas, has seen the country's growth hit its lowest level in a decade.

In its latest report, Asian Development Bank also warned that growth in South East Asia will be hampered by weak performances in Thailand, Indonesia and Malaysia, due to weak exports from these economies.

Remember folks, the quantitative easing (QE) programme, will also affect the region's growth. A small leak can sink a GREAT ship!

Investors hav short memories.......Hahahahahahahahahah!!

Asian Development Bank (ADB) has cut its outlook for developing Asia, citing slower growth in China and India.

The bank added that concerns over the US scaling down a key stimulus measure, the quantitative easing (QE) programme, will also affect the region's growth.

Speculation over the US scaling back the programme has seen many investors pull out money from the region. Malaysia will be spared?

Folks, U.S. stock-market futures were piling on losses early Wednesday as investors grew increasingly worried about political loggerheads over the budget and the potential impact on debt-ceiling negotiations.

A European Central Bank meeting and an Italian vote of confidence on the government there are also on the cards for Wednesday.

Futures for the Dow industrials fell nearly 100 points, or 0.7%, while those for the Standard & Poor's 500 index fell 12.70 points, or 0.8%. Futures for the Nasdaq 100 index dropped 19.75, or 0.6%.

Folks, the fear is that the impasse will go on for longer than investors may have anticipated.

So will the rally for AA continue?

AirAsia ScoreCard

01.10.13 : DEP / ARR

Scheduled: 423 / 424

Tracked : 418 / 420

Departed: 410 / 412

Cancelled: 008 /008

On-time : 76% / 70%

Day 1 - U.S. stocks on Tuesday climbed as investors predicted shutdown would be short-lived and cause limited damage.

Day 2 - Losses for U.S. stock futures deepening with Dow Futures down 96 points.

Careful now!

AirAsia-X ScoreCard

01.10.13 : DEP / ARR

Scheduled: 34 / 34

Tracked : 33 / 31

Departed: 32 / 31

Cancelled: 01 / 0

On-time : 81% / 65%

Day 2: Shutdown

The show is on now, folks! Sit back & enjoy the show!

European shares opened lower on Wednesday as the impasse over the U.S. spending bill continues & as investors assessed the economic impact of the U.S. government shutdown. U.S. futures and Asian shares fell.

Careful now!

Thailand AirAsia ScoreCard

01.10.13 : DEP / ARR

Scheduled: 206 / 207

Tracked : 206 / 207

Departed: 204 / 205

Cancelled: 002 / 002

On-time : 98% / 96%

Indonesia AirAsia ScoreCard

01.10.13 : DEP / ARR

Scheduled: 174 / 176

Tracked : 168 / 169

Departed: 165 / 166

Cancelled: 003 / 003

On-time : 57% / 52%

Anyone going to Bali? Check this out!

The Ngurah Rai International Airport will be closed to all commercial flights on the following dates and times (GMT+8):

i) 6 October 2013 - 10am – 8pm
ii) 8 October 2013 - 1 – 8pm
iii) 9 October 2013 - 7am – 2pm

As a result of the temporary airport closure, a total of 53 AirAsia flights will be retimed and 81 flights will be cancelled.

AirAsia said in a statement that all affected travellers who hold bookings on the abovementioned period will be notified of their respective flight status through their registered e-mail addresses and via SMS. Affected travellers will also be offered the following service recovery options:

Credit Shell – a credit account with AirAsia with the value equivalent to the confirmed booking and can be used to purchase other AirAsia flights. The credit Shell is valid for 3 months (90 days) only, from the date of issue;

Full refund in the value equivalent to guests’ booking and in the form of the original payment;

Move flight (reschedule) within 10 calendar days before / after the original departure date at no additional cost, based on availability and on a first-come, first-served basis.

Obama cancels visit to Malaysia, John Kerry to replace him!

Heheheheheheheheh!!

Multinational companies are buying more financial protection against swings in emerging market currencies, after being hit of the votality in the third quarter this year. Can they fence themselves?

Will AA 3Q earnings be favorable or otherwise compared to previous Q? Just wait & see as it will create a buying opportunity. But bear in mind that the Fed taper talk will hit EMs again & this time will be vicious than the previous one. Those companies with dominated U.S. dollars borrowings will be hit hard!

Careful now!

Wakakakakakakkakakakakakakakakak!! Can the rally continue? Careful now, folks!

Folks, tuesday's government shutdown could be just the warm-up act.

The failure by Congress on Monday to renew the federal budget into a new fiscal year is expected to be followed in a few weeks—no one knows exactly when—by an even more dangerous stalemate over raising the government's borrowing authority. The nation's borrowing limit currently stands at about $16.7 trillion.

Such a default could wreak much deeper havoc than the ongoing government shutdown.

U.S. Treasury figures it will have just $30 billion left on hand by Oct 17—most likely not enough to cover all government spending that day. The department faces an even bigger wild card every Thursday, when it rolls over about $100 billion in U.S. debt.

No matter when the cash runs out, the effects of freezing payments would be much more dramatic than the government shutdown. Such a default would have unpredictable—and potentially dire—consequences.

So will the rally continue? Time will tell! Careful now!

Folks, corporate profits are tracking at about a third of original expectations and trending lower, setting up a potentially rough ride when reporting season begins next week.

So while the stock market obsesses over the debt drama in Washington, a bigger concern could be the dimming prospects for corporate balance sheets.

Not only have earnings per share estimates dropped, but companies and analysts also are taking an increasingly pessimistic view of profits, with negative revisions in the past two quarters at their highest levels in more than a decade.

Common headwinds include a pickup in interest rates during the second half of the quarter, a resulting strengthening in the value of the U.S. dollar, an increase in oil prices following the flare up of tensions with Syria, as well as a weaker-than-expected increase in (second-quarter gross domestic product) as a result of the unresolved sequestration.

So folks, how will AA fair for this coming 3QE? Better or worse than the previous quarter? Time will tell! Careful now!!!!

Folks, if the U.S. is to default on even a small portion of its debt it could pull the rug under the global economy but U.S. sovereign debt is the linchpin of the global economy.

So how, will the rally continue folks? Hmmmmm..~!!

Folks, the ratings agency Standard & Poor's on Monday warned that if the warring Republican and Democrat factions don't reach an agreement by October 17th, the Treasury would probably miss debt repayments and default on the U.S.'s nearly $17 trillion national debt.

That in turn could lead to a downgrade of the country's rating. And the fallout would not be confined to the world's biggest economy.

So how?

Now not Everyone Can Fly!

QZ 8162 01/10/2013 04:15 PM JAKARTA-KUALA LUMPUR CANCELLED

AK 1810 01/10/2013 01:30 PM SINGAPORE-KUALA LUMPUR CANCELLED

AK 1343 01/10/2013 12:55 PM PEKANBARU-KUALA LUMPUR CANCELLED

AK 5125 01/10/2013 01:50 AM K. KINABALU-KUALA LUMPUR CANCELLED

AK 5221 01/10/2013 01:00 AM KUCHING-KUALA LUMPUR CANCELLED

AK 5220 01/10/2013 09:00 PM KUALA LUMPUR-KUCHING CANCELLED

AK 5124 01/10/2013 08:20 PM KUALA LUMPUR-K. KINABALU CANCELLED

QZ 8163 01/10/2013 04:40 PM KUALA LUMPUR-JAKARTA CANCELLED

AK 1809 01/10/2013 11:00 AM KUALA LUMPUR-SINGAPORE CANCELLED

AK 1342 01/10/2013 10:50 AM KUALA LUMPUR-PEKANBARU CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Folks, Thailand is primed to become a key battleground for Southeast Asia's booming low-cost carriers (LCC), as three overseas airlines race to set up joint-venture affiliates there.

Asia's largest LCCs have already proven the model of establishing joint ventures in other countries as a way of sidestepping ownership and control restrictions. Thailand has become the latest hotbed of activity on this front, as Lion Air, AirAsia X and VietJet Air seek permission to create joint ventures based in Bangkok. Meanwhile, the incumbent LCCs are growing their networks in anticipation of the influx.

AirAsia "The Biggest Indonesia Sale"

Fly with AirAsia from Kuala Lumpur to Indonesia with from RM27 one-way. Airport taxes and fees apply from RM52 onwards.

You can also fly from Penang / Johor Bahru from RM82. Airport taxes and fees apply from RM46 onwards.

Booking period from now until 6th October 2013
Travel period from 1st October 2013 until 23rd January 2014

The Dow Jones Industrial Average -0.84% finished with a triple-digit decline on Monday as investors marked the hours to the potential shutdown. Increased uncertainty raises odds of a further correction for stock markets, said Allan von Mehren, chief analyst at Danske Bank in a note. "The reaction so far has been fairly muted. But given that markets have been technically overbought we think it's likely we will see further declines in coming weeks."

So again folks, will the rally continue? Wakakakakakakakakakaka!!

Remember folks, the world’s GDP machine creates a cycle, obviously. What is bad for China and the EU eventually is bad for the United States, as demand for goods and services falters. A U.S. government shutdown does more than affect the American economy. It quickly ripples out to economies across the world.

So will the rally continue? Heheheheheheheh!!

The observation that a sharp drop in GDP growth would ripple to employment, consumer spending, real estate and the stock market is simple to make.

What is not as easy to guess is what a slowing U.S. economy would do to the rest of the world. The economy of the European Union, already crippled by recession, could be hurt most because it is so fragile and relies so much on exports to the United States. China’s economic growth apparently has tapered off quickly. This is supported by new data from the September HSBC Purchasing Managers’ Index, which posted at 50.2. That means manufacturing in the People’s Republic is barely growing. A sharp fall in exports to the United States would harm China’s manufacturing and might press the index to under 50, which would indicate contraction.

Now folks, will the rally continue? Heheheheheheh!!

Folks, it is not unimaginable that GDP improvement could be hurt by 1% if the shutdown lasts until Thanksgiving, and much more than that if it persists until year’s end. A disaster based on that longer period could cut GDP closer to 2%. It would not cause a recession, but it would wipe out most of the gains the U.S. economy has made this year.

Can the rally continue? Heheheheheheh!!

Folks, the last government shutdown in 1995/1996 lasted more than three weeks. The one that is about to start could last longer. The stakes are not just over the budget and President Obama’s health care law.

The debt ceiling debate comes soon enough that the leverage Congress and the administration hope to gain could well prolong the time the government is closed for several weeks, if not longer. Many economists expect a federal shutdown, even if very brief, to harm gross domestic product (GDP) fairly quickly.

Can the rally continue, folks? Hahahahahahah!!

Euro zone September manufacturing PMI falls to 51.1 from 51.4 in August! Uncertainty in the U.S., together with political turmoil in Italy, means risk aversion is the flavor of the day for global markets

So can the rally continue? Heheheheheheheheh..!!

Folks, US government officially goes broke, White House orders agencies to shut down.

Prospects for a swift resolution were unclear and economists warned that the struggling US economic recovery could suffer if the shutdown drags on for more than just a few days.

Markets are likely to be even more traumatized if there is no quick solution to the next fast approaching crisis. Wakakakakakakakak!!

Flight cancelled in August 2013

Thai AirAsia Flight:5,721 / Cancelled:1.08%

Airasia Flight:13,125 / Cancelled:0.65%

Airasia Indonesia Flight:4,531 / Cancelled: 0.29%

AA 85, Thai AA 61 while AAI 13 flights cancelled in August? Hmmmmm..!!

Thai AA claimed the top spot by delivering 93.46% of their flights on time for the month of August 2013. Congratulation to Thai AA!

Rank: 01 (FD) Thai AirAsia Ontime:93.46% / Delay:6.54%

Rank: 02 (BX) Air Busan Ontime:91.89% / Delay:8.11%

Rank: 03 (XM1)J-Air Ontime:90.77% / Delay:9.23%

Rank: 04 (JC) JAL Express Ontime:89.14% / Delay:10.86%

Rank: 05 (HD) Hokkaido Ontime:89.10% / Delay:10.90%

Rank: 06 (6E) IndiGo Ontime:88.39% / Delay:11.61%

Rank: 07 (3X) Japan Air Commuter Ontime:88.30% / Delay:11.70%

Rank: 08 (JL) Japan Airlines Ontime:88.28% / Delay:11.72%

Rank: 13 (SG) SpiceJet Ontime:81.97% / Delay:18.03%

Rank: 23 (AK) Airasia Ontime:66.47% / Delay:33.53%

Rank: 32 (PR) Philippine Airlines Ontime:55.79% / Delay:44.21%

Rank: 33 (QZ) Indonesia AirAsia Ontime:54.94% / Delay:45.06%

AAI communications manager Audrey Progastama Petriny said the airline would cancel 81 flights to Bali’s Ngurah Rai International Airport, which was closed to regular flights for the Asia-Pacific Economic Cooperation (APEC) Summit.

Folks, the effect of flights cancellation can only be felt in the 4Q earnings report.

So how now?

The show is about to begin, folks! Sit back & enjoy the show!

Here’s a very brief history of Quantitative Easing:

1. QE began in the depths of the 2008 financial crisis with the Federal Reserve buying mortgage-backed securities to provide liquidity to banks and to keep the “bad” assets off of the banks’ books for a period of time. A total of $1.25 trillion in mortgage-backed securities were purchased during the first round of Quantitative Easing that ran from November 2008 to early 2010.

2. In November 2010, the Fed began QE 2, which was a second round of asset purchases. QE 2 lasted until June 2011 and resulted in the Fed purchasing another $600 billion in assets along with a reinvestment of $300 billion from the previous QE. This time it was longer-dated United States Treasuries, rather than just mortgage backed securities.

3. After the second round of QE, it seemed like the Federal Reserve was wary of inflationary pressures from printing a few trillion dollars. So, in the summer of 2011, the Fed introduced “Operation Twist:” the Fed purchased longer-dated United States Treasuries and sold shorter-dated ones. For example, the Fed would buy a 30-year “Long Bond,” but sell one of the 2-year US Treasury Notes that it had in its portfolio. In other words, the Fed was not printing money per se, but rather trying to lower the yield of the 30 Year Treasury by artificially increasing the demand for such instruments.

4. Since Operation Twist concluded in 2012, the Fed has been purchasing assets in what is euphemistically called “QEternity” by some, because the program had no official end date. The Fed has been buying $80 billion in securities on a monthly basis since September 2012 and continues to do so until it officially “tapers” QE.

5. The Fed's $2.8 trillion "quantitative easing" program has, among other things, lifted stock prices to record highs, driven interest rates to record lows and put a floor under what had been a reeling housing market. Since early 2008, the Federal Reserve’s balance sheet has skyrocketed from having $800 billion on the books to nearly $3.7 trillion today.

6. The concern is that the Fed’s balance sheet needs to be “unwound,” meaning that the Fed needs to sell the bonds that it bought in order to end to Quantitative Easing. By doing so, the fear is that investors will continue to dump Treasury instruments, thus causing prices on bonds to drop and interest rates to continue to rise.

So folks, after the ceiling debt issue the next in line will be Fed tapering. A staggering amount $2.8 trillion!

Midnight deadline passes, US government shutdown begins.

Well folks, maybe a shallow stock market sell-off is expected if Congress shuts down the government, but the real turbulence would begin if the closure does not end quickly.

http://www.whitehouse.gov/sites/default/files/omb/memoranda/2013/m-13-24.pdf

A shallow stock market sell-off is expected if Congress shuts down the government, but the real turbulence would begin if the closure does not end quickly or if there is a major clash over the debt ceiling.

11.30pm. With a midnight deadline to take action or shut down the government, there appeared to be little chance of a deal.

Will there be a rally upward or downward? Time will tell! Hahahahaha!!

The U.S. government sped toward a partial shutdown at midnight, as lawmakers lobbed dead-end spending proposals across the Capitol and a shutdown became almost unavoidable.

The partisan confrontation showed no signs of ending. Barring a last-minute compromise or concession, the U.S. is headed for its first shutdown in 17 years.

How will the markets react to this? Time will tell! Hahahahahahah!!

Shutdown

11:11: Less than 20 minutes until the OMB has to start sending the orders out to shut the government down.

Careful now!

WELLINGTON MANAGEMENT COMPANY

Acquired 23/09/2013 865,000
Acquired 24/09/2013 196,900

Disposed 25/09/2013 25,100
Disposed 26/09/2013 1,310,500

Will this foreign fund sell or buy more? Time will tell! Remember folks, Fed taper is just a postponement! Careful now!

“I have and continue to have no issues on SIA and Tata. These are two very separate businesses,” Tony Fernandes, AirAsia India’s largest shareholder said.

“I am confident we will make a profit in the first year. And change aviation,” he tweeted.

Only Time Will Tell, folks!

AK 5213 30/09/2013 07:20 PM KUCHING-KUALA LUMPUR CANCELLED

QZ 8162 30/09/2013 04:15 PM JAKARTA-KUALA LUMPUR CANCELLED

D7 0523 30/09/2013 06:35 AM TOKYO-KUALA LUMPUR CANCELLED

QZ 8163 30/09/2013 04:40 PM KUALA LUMPUR-JAKARTA CANCELLED

AK 5212 30/09/2013 03:25 PM KUALA LUMPUR-KUCHING CANCELLED

D7 0170 30/09/2013 02:35 AM KUALA LUMPUR-JEDDAH CANCELLED

View here: http://flight.klia.com.my/fids.aspx

AA could see a poorer year-on-year performance for the seasonally weak third quarter ended Sept 30, 2013 as analysts expect losses at the low-cost airline’s associates to eat into the group’s bottom line.

So folks, if you think buying above rm2.60 is cheap just wait and see! Remember folks critical support level is at rm2.45 and once broken all hell will break loose because this will confirm that the 3Q earnings is poor.

Buy lower sell higher! The trend is your freind!