Thursday, June 15, 2017

Happy Father's Day - Let The Man Be The Man He Is

 p/s: yes, Meisa Kuroki is back ..

I had a good chat with a friend about dads growing old. I assume we are all filial sons and daughters. When our dads grow older and older, maybe some will have retired from their careers by now. I wonder how many of us "love our dads" in the way that allows him to continue to be the man that he is.

Dads who are now retired are dads from a different era. Most of our dads are the strong silent types, not like many of the younger dads nowadays who will try to be good friends with their kids. 

A man of the house usually takes the lead in the household. He takes care of the paycheck. He calls the shots in many areas of the household matters. When they retire, they may not have access to as much "money as before" - gee, do you ever wonder why, thats because he has brought you guys up, send you guys to further your studies, even finance your first car or even your first home, down payment for this and that. Flying you back from overseas, etc... 

Now he may be pushing 60 or 70, he may be living primarily off what you kids give him. We somehow think if we give them a few hundred or a thousand or two ringgit a month, we have done our part. Your dad is still the man he was, faults and all. He used to call the shots, ask you guys where you like to have dinner, ask you guys what you want for your birthdays.

Now, he has to take money from you guys. Funds may not be so "loose". When you guys take him out to dinner, he doesn't have the "right" to pay for you guys anymore. Heck, he may even shy away from ordering whatever he likes from the menu or dictate where he wants to have dinner. He may not even be able to just take your mum wherever they wish to go for holidays. 

In these very many small ways, he is not "allowed to be the man he used to be". We as children should empathise with that. If we can afford it, we should give him more than what he needs to survive. We should allow our father to be the father he still is. 

A person's spirit is the hardest to please and easiest to break. Love comes in many disguises. Love is not just money but our attitude as well. Reconsider how we love our dads. Mine is no longer around. If your dad still is, be thankful, and be the better son and daughter. Love your dad better.

Wednesday, June 14, 2017

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:






























p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far



http://malaysiafinance.blogspot.my/2016/12/bank-negara-may-have-switched-on-bull.html


I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has provided a cushion for improved margins for producers of goods and services

Hence we have what we need, a stable global equity playground so as to not destabilise other smaller equity markets. To continue the argument:





c) the bull run will continue for Bursa because the recovery of the ringgit is intact and will be slow; while nobody in the country liked the dramatic weakening of the ringgit over the past 2 years, there are benefits - we are still very much an export led economy, with less than 30 million, we can never be a domestic led economy; that said, the economy has been competitive and productive for the last 4-10 years at 3.20-3.40 to the USD ... interest dwindled and "funds departed" when the "issues" started to hit Malaysia over the last 2 years, causing the ringgit to slump to as weak as 4.40; that was the MAIN reason why I thought Bank Negara may have unwittingly started a big bull run when the implement the new strategies beginning of this year cause once investors can see a shift in the pendulum swing, a trend is your friend cause if you are productive and competitive at 3.2-3.4 ... what more at 4.2-4.4; that is still a 30%-37% "increase in competitiveness", it was certainly as good as a substantive devaluation





d) the no-par value regime: many are still in the dark with the no par value regime which began this year; the "snowball effects" for positive corporate exercises have not been appreciated or discounted at all by investors:

http://malaysiafinance.blogspot.my/2014/06/need-to-get-to-no-par-value-regime-very.html

There are two main reasons:

1) What is even more galling is the ACE market, which is supposed to be encouraging growth companies, but there is still the par value regime which locks out many applicants. Why do you think so many smaller growth companies have been going to AIMS and Taiwan to list their companies, while you can count the number of new ACE companies listed over the last 12 months on one hand. Let me tell you that the very poor performance of the last few listed ACE companies is probably due to the paid up capital issue - these are companies, by hook or crook boost up their paid up with bricks and mortars but no solid business, so you end with small manufacturing plants and unconvincing old school products. 

The very basis of encouraging growth companies is GROWTH PROSPECTS, THE SUSTAINABILITY & LEVERAGE/SCALABILITY of the business model, and NOT par value. It is very important because as current rules stands, even Facebook could not have listed 5 years back on ACE because their paid up was too low. Even when Facebook listed recently, their par value (which still exists, but there are no rules as to how low you can go) was something like 0.0006 cents per share, and IPO price was nearly $30.00.

When you hold to the current regime, any company considering to list on ACE must at least have a minimum of RM7m - RM10m, even that will considered as low to our regulators. We all should be aware that in the evolution of business model, invested capital is a poor judge and poor guide for evaluating any company. 

If you are making a few million ringgit, with a scalable business model, why do you need to have RM10m in paid up? The new economy would indicate emphatically that the internet, new business processes/delivery of services and new marketing platforms (MLMs, network marketing, franchising) are playing critical roles in new business models. Most of these require a LOT LESS INVESTED CAPITAL, but what they do provide is more VALUE ADD SERVICES and PRODUCTS delivered in a smarter and more creative way.

The longer Bursa/SC stays inactive with the par value regime, the more we are pushing away great smaller companies. As it stands in ACE, with a minimum of RM7m-RM10m "unwritten rule" as paid up, YOU ARE ENCOURAGING THE ENTIRE ECONOMY TO STAY WITH SUNSET INDUSTRIES, YOU ARE ENCOURAGING COMPANIES TO STAY OLD SCHOOL IN THINKING, YOU ARE STRONGLY DISCOURAGING INNOVATION - all that has a strong trickle down effect, how do you think private equity investors or angel investors will feel, they will further shy away from innovative companies and rather fund companies with bricks and mortar assets or in manufacturing. The cycle is devastating, when early seed funders do not get good exit options, smaller companies get little or no funding.

If a company is making RM2m-3m profit early in its life with a paid up of less than RM500,000 ... why stop them from listing on ACE? These are the very companies you need to encourage and foster. When they can do that with minimal capital, it show their business model is SCALABLE ... which is to say if you provide further capital by allowing them to tap the ACE market, say another RM5m-10m, they have a good chance to churn out 3x, 4x, maybe more profits.

And you know smaller companies will always find funding very difficult in their early days, banks... fergedaboudit, with minimal exit options, angel investors and private equity would be hesitant as well.

Let me give you a real example, a company that makes RM3m a year with a paid up of RM500,000 in its 3rd year of existence. No way can they list on ACE. They have to put in another RM7m-10m cash into the company as the minimum par value is 10 sen. So, if you have RM10m PUC, you can have 100m shares listed, and then issue another 25m shares to the public to raise funds.

In a no par value regime, the company can capitalise their profits and bring it up to say RM3m in PUC, and issue 100m shares with a par value of 0.3 sen a share. You price IPO shares no on par value, you price based on earnings potential,  ...historical and forward. Say for the same company making RM3m a year, you may even attribute a 15x PER as growth is paramount for sustainable growth companies = a market cap of RM45m, or an IPO price per share @ 45 sen. (If you force these companies to put in RM10m cash to get listed on ACE, what is the point ... if they have RM10m, they need not tap ACE for funds).

When you move to a no par value regime, you will be able to greenlight more exciting companies with scalable and creative business platforms - isn't that the very aim of ACE, isn't that the best way to encourage entrepreneurs, innovation, maintaining competitiveness and assimilation into the new economy?



2) Do you realise how many listed companies on Bursa are trading below their par value? We only have just over a thousand listed companies and I can safely say that there are between 250-400 companies, my estimates based on a brief perusal of a couple of sectors.

What happens when you trade below your par value? You get there usually because of accumulated losses over the years. Say your par value is RM1.00 and your share is RM0.70 sen now, there is no way you can issue new shares below par value to raise funds or to use new shares to buy some other businesses.

In a no par value regime, par value doe not count, the value of your shares is the last traded price. Hence even when you are at RM0.70, you can issue new shares around RM0.70 to existing shareholders (rights issue) to raise funds for new ventures, or you can issue new shares at around RM0.70 to take over some business which you thing will add value to your current platform or help to reinvent/recharge your business model.

In the current regime, these companies no longer have those options. Plus, for 99% of them, they would probably have MAXED out their available banking facilities as well ALREADY. So what is left for them to do?

With limited options, and a deteriorating business model, no access to funds, you can do zilch. Hence for many of them, they resort to speculative price "management" or what some of us refer to as rampings by syndicates, to bring forth some "profits" for themselves or stakeholders - I mean, they have to try to make money somehow.

They cannot even consider a RTO by a profitable and bigger company. In the cited example, no company will want to take new shares issued at RM1.00 for a company with a market price of RM0.70. Hence the only way left is to do a capital reduction. That is a fair path since the company has not been doing well, and shareholders are supposed to benefit and be punished alongside with company's fortunes. However, many are not taking up that option because they can very well make good pocket money by appointing syndicates to ramp up their shares once or twice a year. By limiting the options to these companies, Bursa/SC are indirectly condoning/encouraging these speculative share ramoings. (Especially when there IS ALREADY a viable, prove, global best practice that the authorities can adopt IMMEDIATELY ... ist not that their hands are tied or there are no options for Bursa/SC to take).

When the no par value regime is enacted, you will also energise the market enormously, which will have tremendous trickle down benefits. These companies below par value will be more active in scouring for good companies to buy to reinvent their business models (to help them get out of the slump). They could also do rights issues, and maybe even sweeten them with free warrants (which they could not do in a current regime).

The end result is they need not turn to syndicates to ramp their shares to make money, they can turn their attention to more genuine plans. It will reinvigorate investors as well as they can see some light at the end of the tunnel. Its 


like a patient with a terminal disease slowing rotting away, suddenly turning into a patient with new drug cures possibility.

Hence the strongest claim for a sustaining bull run has to be the no par value regime. Start researching companies taking advantage of the new regime.

So when will we need to be careful about this bull run? I think its not that hard to spot the turning points. I would start to be careful when the ringgit breaks 4.00 vs USD cause anything lower than that would probably signal to plenty of foreign funds to start taking profits to exit. So we still have a lot of legs for this market.


Saturday, June 10, 2017

How Social Media Producers Make Money







p/s:  Lee Min Jung, whom I consider to be the prettiest Korean actress/commercial queen around ... somehow she looks better on screen in motion than in still pics


The figures below are per annum:












Funnies











 p/s: the girls are back due to overwhelming demand ... my first pick after so many years... Han Hyoo Joo... great actress and an even more vibrant personality... watch her in reality-variety shows such as Running Man and you will fall in love














Thursday, March 09, 2017

SGX Finally Wises Up

How long have I been harping on this issue? SGX have seen their volume traded, market activity and its robustness being sharply curtailed for more than 7 years. The problem started when you have TOO MANY LAWYERS and TOO MANY MBAs at SGX. What is textbook rules and MBA playbook may not work as well in real life. SGX or any market exchanges need to have a substantive number of advisors who are "market savvy" because if there are no trades, the exchanges will not be able to fulfil its main KPI. Yes, there are other KPIs such market fairness, biased trading, other prejudicial front running or trading based on insider information ... but they all run a poor second to market robustness. Without that, why have an exchange, because the main aim of an exchange is twofold: a) allow public and investing institutions  to participate in the growth of a company, b) to raise capital for a company's growth prospects. Any other aims are secondary at best.

The lunch trading trade-through rule was such a bothersome thing. To allow for seamless 8 hour trading seems the "right thing to do" according to MBA playbook - less fuss, no wastage of resources by not having a stop-start mentality, allowing the local market to "react" to market moving news from other exchanges during the day. Now, all that is fine and dandy but its a pretty silly thing really. No markets need to be live 24-7, if that was the case no markets can close then. Even COMEX and US exchanges close on weekends - things happen over the weekend as well you know.

When you institute a no break, the dealers and remisiers are put at risk as they are the ones getting the "no breaks". They have to have someone watching, key in stupid orders that are out of scope just in case they get done, etc... In reality the bulk of trading is done in specific periods of most markets: 40-50% of the days trades are done in the first hour, and another 20-30% probably done in the last hour.  Hence its quite pointless to have a no-break rule. Even if there were market moving news during the lunch break, the market will digest and adjust according when it resumes. No exchanges can do 24-7.

The wider bids are a must ... the usual MBA rule book will have you believe that the narrower the bid-ask prices, the higher will be the resultant volume. I believe that adage only works for very short term oriented markets such as commodities and their futures contracts. For stock trading, it is pertinent to be able to get in and out at a profit. If the bid-ask gaps were so narrow that I might have to wait for 3 bids up before breaking even, that is a deflating concept for most traders/investors. 

SGX now that you have done it for stocks over S$1.00 ... the more pressing thing is to revise the penny stocks' bid-ask. It is so silly to trade at 0.001 of a cent spread. Follow Malaysia's lead and trade at 0.005 sen spreads. Why do you think the penny stocks scene in Bursa is so much more active than SGX?



SGX proposes lunch break revival, wider bids
BY ANDREA TAN
SINGAPORE: Singapore Ex- change Ltd (SGX), which runs the city’s stock market, is pro- posing to bring back a lunch break and boost minimum bid sizes as it seeks to boost trading.
The exchange operator is consulting the public on the plans, which it said will ad- dress market conditions and balance the diverse objectives of participants, according to a statement released yesterday.
It is proposing to introduce a midday trading break from noon to 1pm. SGX plans to raise the tick size for stocks and relevant securities trad- ing in the S$1 (RM3.15) to S$1.99 range, to one Singa- pore cent from half a cent. It also plans to widen a forced order range, which helps to prevent error trades.
SGX also said it will man- date that companies aiming to list on its main exchange must allocate at least 5% of their stock offering, or S$50 million, whichever is lower, to small investors. The ruling will kick in on May 2 and is aimed at having greater retail participation. The exchange in 2016 proposed a minimum of 10% or as much as S$100 million be distributed to re- tail investors.
SGX in March 2011 scrapped the break, which lasted from 12.30pm to 2pm every day, say- ing it could help add as much as 10% to volumes. The pro- posed midday halt is now seen to have minimal impact with only 5.1% of trading done dur- ing the hour, SGX said.
The daily value of shares traded this year have climbed 10% to US$839 million (RM3.73 billion) from 2016, according to data compiled by Bloomberg as of Tuesday. An average of US$1.18 billion shares changed hands each day in 2010, before the intermission was abolished, the data show. Singapore’s stock market has the longest trading day among major ven- ues in Asia. — Bloomberg


Below was my posting back in March 2014:


Wednesday, March 12, 2014


What is ailing the Singapore broking industry? My comments alongside the Bloomberg article in blue.

Singapore’s shrinking brokerage industry is set to get even smaller as trading restrictions planned by regulators dent profits, according to a body that represents individual brokers.
The average daily value of shares tradedin the city, which slumped 40 percent in the first two months of 2014 from a year earlier, will decline further should rules be implemented that include requiring collateral for some trades and shortening the settlement period, said the Society of Remisiers, which represents dealers who work entirely on commission. Singapore Exchange Ltd. and the Monetary Authority of Singapore proposed the changes after a penny-stock rout in October erased $6.9 billion in market value of three companies over three days.
“More people will leave the industry as they’ll get less business,” Jimmy Ho, president of the Society of Remisiers, said by phone. “Once they cut the settlement period, there will be less speculative trading and it will drag overall volumes.”
The number of stockbrokers in Singapore fell 8.4 percent percent to 3,973 at the end of last year from 4,336 in 2011, according to data from the bourse, as the industry was buffeted by declining trading volumes and commissions as well as competition from online trading platforms. The city’s benchmark Straits Times Index trailed all its major developed-market peers in the past 12 months and slid 1.2 percent this year through yesterday.
Even after Singapore Exchange teamed with Singapore Management University and CIMB Group Holdings Bhd. (CIMB) in April 2012 to provide training programs for the industry, traders’ ranks continued to thin. This year, the bourse partnered with the National Trade Union Congress’s Employment & Employability Institute to bolster interest in the profession.

Comment: SGX made the first boo-boo which killed market velocity, that is making the trading in penny stocks into decimal places. In Malaysia it is still minimum 0.005 sen per bid. Obviously when you staff SGX with more MBAs and legal heads, you are not going to get rules that promote trading. They went by the textbook rule in that the smaller the bids, the bigger the volume. Here is where textbook fails to understand market participants' psychology. In Singapore, there are too many penny stocks, and I mean really pennies ... those under 20 cents. When the bid and offer looks like this 0.033-0.034 it does not make for more attractive trading compared to Malaysia's 0.030-0.035 ... the psychology is that in a single bid traders and punters are already making money and able to cover comm, that makes it "attractive" to big punters or syndicates to move a stock a few bids. In Singapore, you would see huge volumes at every bid and offer thus making it arduous to move stocks. Penny stocks are by nature speculative and you have to make it more conducive for them not make it harder for them to make (and lose) money. Though your propensity to lose money would also shrink in Singapore penny stocks, that is not the aim of punters (minimise losses), its to make the big gains.

Industry Adjustment
“Brokerages are able to cope with fewer dealers because trading volumes are lower,” Society of Remisiers’ Ho said. “That’s a natural adjustment for the industry.”
It will be hard to draw young people, given the high risk and low commissions, said Yeo Aiqi, 28, who left Phillip Securities Pte, the city’s biggest brokerage by clients, in 2011 after working three years there.
“Stockbroking appears to be a sunset industry,” Yeo, who now sells women’s apparel at her online store www.clothingcandy.com, said by e-mail. “Trading volumes are low and commission rates are falling.”
The average value of shares traded on the Singapore bourse tumbled 40 percent to about S$1.06 billion ($836 million) in the first two months of 2014 from S$1.77 billion a year earlier, according to data compiled by Bloomberg. Transactions in Hong Kong fell 11 percent in the same period, while those on Japan’s Topix index increased 17 percent.

Shrinking Commissions
To make the profession more appealing, SGX needs to address dwindling volumes to counter the decline in brokerage commission rates, which have fallen to 0.1 percent of the value of shares traded from 1 percent 10 years ago, according to Yap.
“Brokers have nothing exciting to recommend to their clients these days,” Yap said. “Trading was buoyant before I left the industry due to the influx of Chinese listings and now investors are avoiding such companies after a number of them got embroiled in accounting or stock manipulation scandals. SGX promoted the listing of real estate investment trusts in the past decade but interest in them is starting to wane.”
At least 28 Chinese firms on the exchange have been suspended or delisted since 2008. There were 144 China-based firms listed in Singapore at the end of February, according to the exchange. The FTSE Straits Times China Index of 31 mainland stocks sank 7.3 percent in the past 12 months.

Comment: Lack of cowboy-ness in SGX. When you sanitise the markets too much, it becomes boring. Every exchange needs a certain element of cowboy-ness (including markets like S&P500 and Nasdaq) to maintain relevance and interest. They way SGX is headed, you might as well list all boring ETFs and kill off the broking industry. When you shrivel the market into mainly blue chips that move, you institutionalise the entire industry. When the speculative counters do not present trading opportunities, investors and punters will just ignore and shy away. Casinos are there on the pretext that you can make supernormal gains, if that is not present, even casinos will close shop. What SGX has been doing for the past 7 years is like a casino which limits your gains, e.g. if you make S$10,000 then your bets are halved, etc... In protecting the investors, you can somehow err on the side of caution. There is little to justify the big salaries at SGX and the trading fees collected by SGX. They way they clamped down on "cowboy-ness" and the proliferation of REITs are just examples of going the "wrong way" unless what they want is to shrink the industry.


Friday, February 24, 2017

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.


My Master, Dr. Law Chin Han (from my iPhone)


Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.


I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.


My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least once a month, as regular as a woman's period despite being on the maximum daily dosage allowed on the whatchamacallit-purina thing. He has been to the best doctors over and over and still nothing. He had a few sessions and went off his medication, he has not had any gout problem now only a regular monthly visit to Dr Law.


Another friend of mine had a daughter around 8 years old but has never had appetite for food. She eats very little of everything, even candies or ice creams. Naturally, the parents have been to numerous specialists as well. She absolutely got her appetite back after a few treatments. yes, seemingly unbelievable but as parents you literally have tears running down your eyes to see that happen after years of frustration and heartaches.


A CEO friend of mine whose father was at terminal stage owing to long suffering diabetes condition, and losing a leg already to it, but has never been able to have a good night's rest for the longest time. A couple of sessions and he slept soundly and was very happy when he could finally sleep well. He passed away recently but at least he managed to get good rest every night in the final few weeks. The pain management by Dr. Law was probably one of the best gift his family could have given to the patient.






Before I share my own personal experience. Let's look at what acupuncture is. Acupuncture can treat respiratory threats such as acute sinusitis, acute rhinitis, common cold, acute tonsillitis, bronchial asthma and acute bronchitis. It is effective for the eye: acute conjunctivitis (pinkeye) and near-sightedness in children.


For treating gastrointestinal disorders: hiccups, gastritis, hyperacidity, ulcers, constipation, diarrhoea, paralytic ileus and colitis. 


Muscular and neurological disorders such as: migraine, headache, paralysis after a stroke, bladder dysfunction, pain in the ribs, frozen shoulder or tennis elbow, Meniere's disease, bed wetting and osteoarthritis.


Why is Dr Law a master? I call him that and many of his patients will call him that after benefiting from his skills. He is a master because he is precise. In 1985 he developed a computer program relating to acupuncture and the best time of the day to treat certain disorders. He has developed his own diagnostic machine that can tell him all he needs to know from your one ear and his needle hooked to the machine. He also uses the machine to detect the exact point on your body, marking them before putting in the needles. Many other acupuncturists rely on guesswork and estimation.


He has even managed to detect hepatitis using his machine with his needle at your ear. There are many other cases which are not the norm for acupuncturists, which he has managed to treat well: such as epilepsy, reducing cholesterol, lowering blood pressure to the extent of stopping Western bp medication, and even weight loss management.


Dr. Law is the founder and President of Malaysian Acupuncture Society from 1982-1993. He has successfully treated 60 drug addicts in 1982 during a stint at the Pudu jail, totally weaning them off drugs with acupuncture. The results were recorded in a research report "Using Acupuncture To Deal With Drug Withdrawal and Drug Addicts", which gained acknowledgement from WHO.


Dr. Law is a generous spirit, he devotes 3-4 hours for two nights a weeks to treat the under privileged at a certain center. In the past he has ventured to northern Thailand to treat the poor as well.


Well, who needs acupuncture? Everyone really. Dr. Law will basically get your vital organs to function much better. Owing to the largely sedentary lifestyles of most, we will get our usual aches and pains, kidneys and liver not functioning optimally. Instead of them operating at 60% or 70%, why not get them to be at 90% or better. Its certainly not just for old folks as I see plenty of people in their twenties and thirties coming to the center as well. Many of his patients fly in from overseas for regular treatments as well.


Dr. Law Chin Han, born in 1946, graduated from the National Defence Medical Centre, Taiwan with the degree specialising in Acupuncture in 1972. His office is located in Selayang. Its a very neat 4 storey corner shoplot and he occupies the whole thing. Ground floor is reception, there is a lift, 1st Floor is for Acupuncture, with 8 beds and 3 nurses. 2nd floor is for dentistry. He has his own farm where he grows organic fruits, you can sample his farm produce at the clinic, they are free for all, the durian ice cream is very good, sometimes you get rambutans as well and many other fruits.


The address: MERIDIAN ACUPUNCTURE & STROKE REHABILITATION CENTER / LAW DENTAL SURGERY (LASER CLINIC) 21, Jalan 3/3C, Sri Utara Batu 7, Off Jalan Ipoh, Batu Caves. Tel: 03-62518913, Mobile: 019-2157762
Mondays       9.15am-7.00pm
Tuesdays      9.15am-5.00pm
Wednesdays 9.15am-7.00pm
Thursdays     9.15am-1.00pm
Fridays         9.15am-7.00pm
Saturdays    9.15am-7.00pm
Sundays      9.15am-1.00pm


On Jalan Selayang, you will go past Taman Wahyu and see Tesco on your left, turn left just after Esso station, turn right and you will see Meridian Acupuncture.


My Own Experience: I have high blood pressure, much of it is hereditary, without medication my bp will be 150/110. For the longest time, even with medication, it will go to 130/90 at best. Seriously, after a few sessions, I have cut my medication in half, and my bp is steady at 122/82, how unbelievable is that. Dr. Law assured me that if I continue to monitor my bp at home, and keep reducing the medication, I should be drug free within 6 weeks. After that its just regular maintenance visit to his clinic once a month.


He has also been treating my inner body organ-fats, my kidney and stomach for better digestion, metabolism and reduction of gut size. The vain-pot in me also had him reducing my soon to appear double chin, he is amazing. There are other points he will occasionally take care such as reducing my appetite and improving my blood flow.


It is recommended that you take a blood test first at another clinic and show him the results. He needs the info on your cholesterol, LDL, HDL and prostate if possible. Be honest and tell him everything that bugs you. I had sinus that I didn't even know I had, which was why he said I slept with my mouth open, leading to loud snoring, dry throat, susceptible to cough. etc.  I must say the needles next to my nose were a bit of a pain, but now I sleep with my mouth close and snoring has subsided.


Once in the clinic, the doctor will ask you your history and then proceed to diagnose you with his machine, needle on your ear, from there he will be able to tell how healthy you are. He does not need more patients, he does not need more money, hence he is not the type that tries to drag out your healing process for his benefit.


This and many other reasons is why he is a National Treasure. If anyone is more deserving of a Tan Sri-ship, I know of no one other than Dr. Law. Its not only Chinese who come to his clinic, he has lots of Malay and Indian admirers as well, and a few Datuks to boot.


 He will then mark out the spots with his machine and needle on the points for the actual needles, telling you what each needle is for. Usually he uses 8 needles per patient but if you can withstand it, he can use more needles. The needles are then hooked to another small machine. The nurse will explain which button hooks to which needles, you yourself will turn on and control the electronic pulses to those needles. The higher the pulses, the better the treatment. Of course, its all up to your level of comfort, no one is pushing you to take stronger than what you are willing to take. You are supposed to increase the pulses every few minutes.


Is the entire process painless? No, but its not as bad as some people make them out to be. I do not have a high tolerance of pain at all, in fact after a while it can become addictive like massage. I now doze off after 15 minutes for the 30 minute treatment, it gets so comfortable, seriously.


Now, I have no aches or pains anywhere and feel more refreshed after each night's sleep, like someone pumped more oxygen into my bloodstream. The great thing about acupuncture is that you are not asked to ingest any medication, no invasive medication that leaves lots of bad stuff in your body, no invasive stuff that whacks ten other things around your body when trying to kill one alien object.


Do your self and your family a great favour, improve the functioning of our organs, rid of our body toxins, eradicate our aches and pains - what have you got to lose? seriously, Dr. Law does not need the money. One session is RM100, or you can sign up for a course of 5 sessions for RM400. The more loyal ones will sign up for the extended package of 21 sessions for RM1,200. 

Not only that, from his clinic hours, you'd find two days where he will close early ... for those two days he will go to a location near Genting to treat people for free. But please make an appointment or be prepared to wait for up to an hour.


Why isn't more people more aware of his existence? Maybe because its an Eastern treatment methodology, there are also good ones and not so good ones, and Dr. Law is one of the evry best for sure. For over 40 years, he has been doing wonders for many, and his charitable works as well. I and many who have benefited from his expertise, skills and generosity of spirit, applaud him.

Tuesday, January 31, 2017

Being Human & Humane

I have said this time and again... money cannot buy EMPATHY or BASIC HUMAN DECENCY. I think there should be a test before a family can hire a maid. So many people have revealed what assholes they are by the way they treat their maids. 

I have seen maids standing next to the restaurant table because there was no more space to seat them. The family and friends continued to eat. What do you think the kids will be thinking? They'd be thinking that "there are certain human beings that can be treated differently for they are lesser of a person" - and they will carry that mindset throughout their lives in every facet.  I'd rather eat somewhere else where the food is less tasty. The examples of pathetic behaviour by employers are too many to mention in one posting.





I voiced my opinion as above and many people will say to me that you cannot trust your maids, that they might steal or run away. Oh, you mean, they are human and can act badly like you and me? How would you like if you were "sentenced" for crimes you might commit? Limiting freedom for fear of what bad influence you might pick up? Its heinous and despicable.

Your inconvenience, incurred cost, difficulty in getting a maid, bad experiences DO NOT stand up in the court of human decency if you use that defence for behaviour/rules that are less than human and humane.

If you happen to be religious - thats one fucked up FINE EXAMPLE of you being changed for better, cause your heart is still screwed up no matter how much you pray, how many times you pray, how often you to these institutions for fellowship or how fervently you protests wrongdoings. If this is happening in your household, get that right, ask yourself why and why not.

p/s YES I have had maids before... yes, one has ran away before, and one even got pregnant by her boyfriend ... and I would still NOT change one IOTA... its basic human decency to give them one day off at the very minimum. You can tally up 100 excuses why they should not... but think again if your mum or sister was the maid in question.



Thursday, January 19, 2017

Oh My Valentine, Please Sign The Prenup!!!



Let's take religion out of this first. There are obviously going to be two sides to this issue. In favour: they are being realistic as at least 40%-50% of all marriages end in divorce depending on which country data you are taking, and you want things to be easier for both sides if it should end, the amount of time spent wrangling in divorce courts is such a waste of time. Not in favour: destroys the very essence of marriage (lifelong concept); dilutes the importance of marriage, partnership, trust and romance.

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Straits Times: 'Prenuptial deals: Court clears the air', as the validity of prenuptial contracts (prenups) are on the minds of many young couples thinking of tying the knot. The divorce of the Dutchman and his Swedish wife generated much interest here as, before this landmark case, the courts had not indicated specifically whether such prenups should be upheld. Since the couple had entered the prenup before a notary, such an agreement should be given much weight.



Prenups are authorised by law in some countries like Thailand. A man who is thinking of marrying his Thai girlfriend should seek advice from a lawyer familiar with Thai law, more so if the couple live in Thailand. Prenups are valid in 50 states in the United States. Case law is sufficiently developed and a well-drafted prenup can withstand the closest scrutiny. On the other hand, prenups are not recognised in Britain. However, some weight may be given by the court, which will take the content of the agreement into account when reaching its decision.
It used to be that only those with vast fortunes to protect considered a prenup as part of their wedding plans. Now, however, it is not just the rich and famous who iron out their financial obligations in the event of a divorce before they even take their marriage vows. Such steps may not be necessary for every couple, but in the light of the rising divorce rate and more common second marriages, many couples welcome the suggestion of a prenup.

Couples entering their second marriage often execute an agreement to protect the interests of their children from a prior marriage. Young professionals turn to prenups as a way to protect the rewards of their personal success. Even couples without much assets look to prenups as a way to avoid an acrimonious battle over what they accumulate during the course of the marriage.

To ensure the agreement is binding, the parties must make a full and fair disclosure of their financial worth. It is also desirable to have each party seek advice from their own lawyer. Since an agreement signed today may not be fair in the future, the parties can agree to make adjustments based on factors such as length of marriage or a change in relative earning capacities.

As celebrated English judge Lord Denning once said, divorce and financial matters are probably last on the list of things a couple want to contemplate on their wedding day. In the proper context, however, such a discussion can lead to a prenup that both parties view as a precaution designed to prevent a prolonged and expensive divorce settlement.

More often than not, one partner has greater assets and stands to lose a larger sum in the event of a divorce. Other considerations to think about include one spouse who will support the other through university (and wants an equitable share in future financial gain), or if one partner already has children from a previous marriage.

Be that as it may, the prenup should be entered into voluntarily; it should not be unconscionable. It should not be so one-sided and oppressive that no one in his right mind would sign it without duress. Enforceability is more certain when the prenup does not harshly and unfairly eliminate a party's rights to property acquired during the marriage.

In short, prenups will eliminate a long and costly court battle if there is proper disclosure by both parties, and the terms of the agreement are not harsh and unconscionable.

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My views:

1) Prenups should be encouraged if one party's assets/ net worth is 90% or more of the combined couple's net worth. If its not, I would rather say forget it and just carry on.

2) Prenups does not give the richer party the right to take back all he/she brought to the marriage - the party still has to bear the cost of raising the children, alimony/palimony, sharing of assets acquired during the marriage, etc... But it does give some clarity: for example when Mr. Hui married Lee Kar Yan, I would be very shocked if she did not signed a prenup. As rich as Miss Lee is (maybe to the tune of US$20m), that is nothing compared to Mr. Hui's net worth which is more than US$500m. Hence a prenup might read something like this:
- if divorced within 5 years, she will get US$25m
- if divorced within 10 years, she will get US$50m
Some prenups can be very detailed, especially when it comes to kids, but that's another thing.

3) The more you can agree in a prenup, the more you will understand each other. Trying to be romantic in not having a prenup is naive and silly as you have a very good chance (backed by solid empirical data testing) of ending up in divorce courts later. Then you will spend hundreds of hours arguing over who gets what, how much to pay, which house you want, whose momentos are those, which school to send the kids, is having two maids too extravagant, etc... thus enriching the lawyers - ever seen a rich lawyer not having a prenup??? If a rich lawyer lives in a country where prenups are not allowed, well that's why those rich lawyers don't go around philandering so much... now you know why. I have never heard of a rich lawyer with a mistress, and being caught... wonder why??!!

4) Those sticking to the romance of not talking about money and assets are deluding themselves. It may not sound romantic but its very liberating. One of the biggest problems with marriages is the fact that many are entering with differing assumptions and belief systems, and both sides don't know that of each other.

5) If you think that prenups are a bad omen for marriages and are doomed to failure, then why do we even buy insurance policies, unemployment insurance, disability insurance, medical insurance, or for any other matters that touch our lives? The reasons are the same, it makes good sense.

6) Those who are the poorer partner in a marriage do not need to fear prenups. Most will still be much much better off financially in a divorce even with a prenup. If your net worth is zilch and your partner is worth US$30m, rest assured that he/she will put in the prenup that you will get a lump sum (which will not be close to 50%) of maybe 5%-15% of his/her net worth.


7) Prenups do not cause marriages to fail, marriages have been failing very nicely without prenups, OK!

8) Those religions which says that marriage is forever tend to frown on prenups. Well, without the prenups, these religious marriages almost have the same divorce rate as the rest of the population. No need to hide behind the sanctity of marriage and excuse yourself from helping one another face these important issues better.


9) Some will say that if they go down a road expecting it to fail, they'd rather not take that road. That is so naive, nobody wants marriages to fail, but they do fail. The divorce rates is at least 20% or higher - that is a given, whether you have prenups or not. Having said that, have you ever noticed how people at weddings are probably the most optimistic people on earth. The well wishers, the smiles, the laughter, the excitement of starting a new journey with glee and anticipation.... all optimists... if they know that their marriage has about 2 in 10 chances of failing, that would take some of the steam from the souffle ... but then again, any excuse to be drunk is still a good idea.


10) Those who say they enter a marriage based on trust... well and good, but what are you trusting in??? That your partner will act and behave in the manner that you know. Well, all who say that should go to divorce courts and sit in a few cases - see where the trust, patience, understanding have gone to... We have been deluded by notions of undying love, everlasting loyalty, unshakable romanticism, profoundly deep love from story books, TV and the movies .... I am not saying they do not exist, they do, but still you must be realistic.


11) Marry for the right reasons - Many will cite love, many more will justify their love of the person's character, even looks, disposition, genuineness, gentleness, their level of intelligence, their humouristic ways, even the way they speak, the way they carry themselves, how they treat us, etc... but to cite that you love them partly because of their net worth is close to being vulgar and despicable. But you and I know that that is a significant reason for marriage in many cases. By not talking about it is naive and even maliciously fraudulent. People will speak of the need for security (money), comfort (money), ... but will not mention the real M word. MY advice is, be clear and be outright with it, it will bring your relationship to a much higher level.


I have no issues with prenups, I think they are great provided the prenups are crafted with care, love, respect and good wishes. It is so much easier to agree on these things when things are going well... how to agree on those things when the relationship is down in the dumps?? Anyway, I'd probably don't have to ask my future wife to sign a prenup, in all likelihood, I will be the one being asked to sign one.


Love in all its grandeur and glory is wonderful and perfect. To strive for perfection and ultimate bliss is to be human. To fail is also because we are human. We are fallen beings, do not think that we are angels on earth. Its not heaven yet though we may like to think that sometimes.


p/s photos: Gigi Lai Chi