hmmm...

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
* China To Set Yuan Clearing Bank In Sydney
USA
* Jobless Claims In U.S. Decreased 2,000 Last Week To 312,000
* Restrained Consumer Spending Curbs U.S. Growth Optimism
Europe
* UK Consumer Morale Hits New Nine-Year High In June
Currencies
* Pound Back Above $1.70; Dollar Falls Vs. Yen
Commodities
* U.S. Crude And Brent Fall As Iraq Export Fears Recede
* Gold Falls As U.S. Jobless Data Suggests Economic Strength

bones, bones :)

wow like seph, congrats

Hi tj.

and how about you?

so so la, stuck with a few as usual, but its ok, abit busy with other things lately

MC Hammer!!! how r u dear?

good morning to all here...skyhawk saw u at google plus :)

Omg tony lol

:)

:)

Hibiscus Petroleum Bhd
KUALA LUMPUR: Hibiscus Petroleum Bhd is buying Talisman Pty Ltd which includes a 25% stake in the Kitan producing oil field for US$18mil.

It said on Monday Kitan oil field would contribute significant net cash to the company in the second half of 2014. At current oil prices, this will allow Hibiscus to book its first operating profit in 2014.

Hibiscus Petroleum said the Kitan field was discovered in 2008 and started production in 2011. Wood Mackenzie estimates 17 million barrels of remaining reserves on Jan 1, 2014 (4.25 million barrels net to Hibiscus).

The average production rate in 2014 is expected to be 10,000 barrels of oil per day of which 2,500 barrels of oil per day would be net to Hibiscus due to its 25% stake in Talisman Pty Ltd which was acquired from Talisman Energy Inc.

"The acquisition is being funded using the equity capital raised through the conversion of Hibiscus warrants which are due for conversion by July 2014," it said.

To recap, the Kitan oil field is operated by Italian integrated energy company Eni. The field is in the Bonaparte Basin within the Australia-Timor Leste Joint Petroleum Development Area (JPDA) about 550km north east of Darwin, Australia.

The field is developed by a subsea production system with three subsea wells tied back to the Glas Dowr Floating Production Storage Offloading Unit (FPSO).

Eni owns a 40% stake in the asset while the remaining 35% is held by Japanese oil and gas Exploration & Production (E&P) company, Inpex Corporation.

Under the deal, Hibiscus Petroleum will acquire Talisman's stake of the oil field with an effective date of Jan 1, 2014 with all existing assets and liabilities as well as absorb the risk of well projects to be executed post-agreement, upon completion of the transaction.

Local events on June 23
Y.S.P.Southeast Asia Holding Bhd 13th AGM at Unity Hall and Stateroom, Lower Ground Floor, Palace of the Golden Horses, Mines Resort City at 9:30am.

STEP Malaysia & Labuan IBFC organises the Commercial Uses of Trusts at Sasana Kijang, Bank Negara Malaysia, KL at 9.30am - 12noon.

Wintoni Group Bhd AGM at Boardroom, Kelab Rahman Putra Malaysia, Sungai Buloh, Selangor at 10am.

The 39th AGM Of Malaysia Packaging Industry Berhad at 6½ Miles, Simpang Salak South, (Lot 3, Jalan Kuchai Lama), 58200 Kuala Lumpur on Monday, 23 June 2014 at 10:00 a.m.

Signing ceremony of MoU between Nam Cheong International Ltd & Perdana Petroleum Bhd at Skyview 7, Level 29, The Gardens Hotel & Residences, KL at 10.30am.

Will do :)

KL moves up the rank

19th investor-friendly nation:

Country climbs five notches from 24th place for the 2009-2013 period

MALAYSIA now joins the top 20 “investor-friendly” nations in drawing investments in the next five years, according to the Economist Intelligence Unit’s (EIU) latest ranking.

The ranking, done by the well-read current affairs publication, has placed Malaysia in the 19th position out of 82 countries for the 2014-2018 period, ahead of advanced economies like the United Kingdom, France, South Korea and Japan.

The latest Business Environment Rankings (BER) released last month marks an improvement of five places for Malaysia from 24th for the 2009-2013 period.

The top three positions were retained by Singapore, Switzerland and Hong Kong.

Malaysian Investment Development Authority chief executive officer Datuk Azman Mahmud said the ranking is a reflection of the continuous improvement in the delivery of public services and overall efficiency of the government machinery.

“It also shows that the government is serious in its initiatives to make Malaysia more competitive to become a developed country by 2020. But more work needs to be done to sustain the momentum, he said when contacted yesterday.

“Collective action by the public and private sector is important to sustain the competitiveness of the country,” Azman added.

For the first quarter of the year, Malaysia attracted RM17.1 billion investments in the manufacturing sector alone, a 52.7 per cent rise against the same period last year.

The EIU said Asia’s best performers have several factors in common — a favourable policy environment, particularly for finance and foreign investments, with competition policies that encompass international best practice.

It said market opportunities in Malaysia would improve, largely due to the government’s efforts to raise private sector investment levels. “The higher global ranking is an indication that the government’s reforms will overcome many of the structural and political impediments to its ambitious plans to transform the country into a high-income nation.”

It is also upbeat on the growth momentum of the Malaysian economy, projecting a 5.1 per cent expansion this year and 5.5 per cent next year.

In the latest BER, Malaysia’s regional ranking was unchanged at sixth spot, out of 17 countries measured, an indication that it faces strong competition in its own backyard, warned EIU.

In a report last month, the EIU identified innovation influx as a roadblock to Malaysia’s success in becoming a high-income nation. - sources business times

Yes seph, I still have. June? That's good :)

al fatihah
http://www.nst.com.my/business/latest/sultan-of-perak-passes-away-1.606784?cache=03%252F7.203763%252F7.246236%2F7.480850%2F7.480850%2F7.480850%2F7.480850%2F7.490557%2F7.490557%2F7.490557%2F7.490557%

Stocks To Watch: AMMB, Shangrila, MISC, AirAsia, YTL Group, MBM, JCY, Hup Seng, DKSH
http://www.theedgemalaysia.com/mobile/article.php?id=290416
Good night!

TJ Happy Sunday.

:)

hey wake up!!

MAICA = SUNSURIA

flowerpower so takut la :(

Good morning!!

hot very very ok! :)

Seph!!!! so rindu..how are you? Hi Hepi want to join the whatsapp group you can email me your handset nos, you know my email right? TJ ada. hmmm
:)

Good morning!! :)

Good night hepi, newman, tj, chrissy, connie, seph, ayamtua, my email buddies, my whatsapp gang..I am tired need to sleep early tonight.

Sigh

Hey wake up!!

Mark LOL

Goodnite to all★

Goodnite tj and all♡

Alright, good night ♥

if Tesco -40M, Aeon +40M...hmmm

YS, noted with thanks. Suitable for me, now need lower down my supermarket standard LOL

Happy holiday ♥

Goodnite to all.

Tj just visiting friends before I Zzzzzz :-)

Happy holiday ♥

AT Thank you★

Newman I am fine :)

Happy holiday ♥ ♡ ♥

Happy holiday ♥

Happy holiday ♥

Advance Synergy sells hotel, restaurant biz in France

KUALA LUMPUR: Advance Synergy Bhd is selling its hotel and restaurant business in Paris, France for 10.50mil euros (RM46.84mil) to Maranatha.

It said on Monday the stakes being sold were Alangkasuka Paris, Holiday Villa Lafayette Paris and Legenda de Malaise which were held under its unit, Alangka-Suka Hotels & Restaurants Sdn Bhd.

Alangka-Suka Hotels & Restaurants owns 70% of the shares and voting rights of Alangkasuka Paris while the remaining 30% is held by Memory Gate Sdn Bhd, a non-related company.

Advance Synergy said the hotel property, which is in the shopping and entertainment areas, has 37 guest rooms, including nine rooms under a lease agreement. The land area is 510 square metres while the net floor area is 509 square metres.

"The average occupancy rate of the hotel property for the financial year ended Dec 31, 2013 was 78.63% and the net book value of the hotel property was Euros 3.04mil as at Dec 31, 2013. The hotel property is currently pledged as one of the securities for bank loans granted by financial institutions," it said.

ASB said the restaurant property, built more than 100 years ago, was in the central district of Paris. The land area of this property is 152 square metres. The net book value of the restaurant property as at Dec 31, 2013 is was 740,004 euros.

It added the restaurant property was currently pledged for bank loan granted by a financial institution.

"The proposed disposal offers a good opportunity for the company to unlock and realise the value of its investments in the acquireee companies," it said.

Welcome To Good Night Restaurant
Menu:
Warm Pillow
Hot blanket
Soft Bed
Sweet Dreams
Sound Sleep

LOL

connie same here :(

AT rasa macam nak makan ayam hari ini LOL

Hi Everyone!