Skip to main content

Posts

Showing posts from October, 2014

Dollar Still Firm

The US dollar gained against most of the major foreign currencies last week, but the overall tone, leaving aside the yen, was largely consolidative in nature. The greenback was soft in the first half of the week but recovered in the second half. The Australian and Canadian dollars were the only major currencies that managed to hold onto some of their gains (0.55% and 0.40% respectively). The yen was the weakest of the majors, losing 1.2%, as the panic from the week before died down. Equity markets were mostly higher, with the Nikkei's 5.2% rise, leading the major markets. US 10-year Treasury yields rose 8 bp. Core bonds generally traded heavier, but European peripheral bonds were firmer, in line with the calmer conditions. We were never persuaded that last week's turmoil would prevent the Fed from completing its tapering operation, and see that in the market, cooler heads are prevailing. Talk of "tapering the tapering" has diminished, and no one is taking too seriously…

Cooking With Dali - Very Spicy Sweet & Sour Lamb

I think I had versions of this dish in many older Hakka establishments or those who cooked for colonial masters during their time.I have not had a decent one for a long time, so I tried to dissect the dish on my own. 

Its my own recipe, so you can tweak it as you like ... but let me tell you, its very very goooood!!!

I use lamb shoulder as it is more flavorful when you fry them or stew them. Ask your butcher or supermart guy to cut it into small pieces for you.






This is the list for making the sauce: vinegar, Lingam's chilli sauce, tomato sauce and chicken broth.




Pick and choose your veggies, I used large onions, red onions, capsicums, cherry tomatoes and bird eye chillies.


Use Lea Perrins to fry the lamb on a non stock pan for 3 minutes each side, adding Lea Peerins before they dry out.

I use Pomegranate juice for the sauce base, or you can use pineapple juice, but I always have pomegranate juice in my fridge... so ...


Fry 3 minutes each side and sprinkle a touch of sea salt, set aside.


T…

Dr Tareq Suwaidan's View

Ridiculous to stop non-Muslims from using ‘Allah’, says Muslim Brotherhood leaderBY MOHD FARHAN DARWIS Published: 19 October 2014
Kuwait's Muslim Brotherhood leader Dr Tareq Suwaidan says there are many examples in Islamic history which shows that non-Muslims are not prohibited from using the word 'Allah'. – The Malaysian Insider pic by Nazir Sufari, October 19, 2014.Prohibiting non-Muslims from using the word "Allah" is ridiculous, says Kuwait's Muslim Brotherhood leader Dr Tareq Suwaidan. He said this was because there was no law or ruling within the Islamic realm which prevented the use of the word by non-Muslims. "I have been following this development in Malaysia, this use of the word 'Allah'... there is no law in Islam that says so," he told a forum organised by PAS international committee last night. He noted that there were many instances in Islamic history where non-Muslims had been encouraged to use the Arabic word "Allah"…

Democracy would see poor people dominate vote, CY Leung saysas he initiates his own seppuku

Wow... I thought Malaysia had a stranglehold on politicians making the silliest comments. Now we have some competition. Hong Kong's Beijing-backed leader Leung Chun Ying told media that if the government met pro-democracy protesters' demands it would result in the city's poorer people dominating elections.Hence, you cannot run a HK democracy and that free elections were impossible.



Conclusion and side-admissions:
a) the poor people know nothing in HK/China
b) the other 50% deserve less than a vote per person as citizens
c) the poor do not know what's best for the country
d) HK only serves the rich and powerful, otherwise how did we get here
e) you, the other 50% are basically screwed and I am telling you in your face
f) poor people, you are Fucked and Fuck You

This is almost like the political crisis in Thailand, in that the poorer rural folks side with the ousted Thaksin and his cronies, while the city folks think that Thaksin is the devil incarnate and that the rural folks a…

The Paper Sculptor

Anna-Wili's sculptures are stitched together from archival cotton rag. Her works explore the organic qualities and resistance of paper, generating a tension between the complex realism of form and the limitations and economy of the materials used. They represent animal life in an immediate way that conveys the energy, movement and physical character of different creatures. Her aim is to engineer a moment of contact with nature in a way that emphasises both the startling differences and similarities of human and animal forms and consciousness.


Born in Sydney 1980, the daughter of a Puppeteer, Anna-Wili studied Fine Art at the National Art School, Sydney. In 2008, after working as a Scenic Artist for Opera Australia, she began making sculptures independently by commission. Her works are held in private collections around the world and have featured in numerous publications.
















Why Oil Price Is Sagging

The respected site oilprice.com did a summary of why oil prices are sagging, but MISSED out one big factor. 

The strengthening USD over the past few weeks. Three or four months back, the turmoil in Iraq was causing some disruption anticipation to oil supply, which have been eased following the "drones strategy with partners". 

The USD has rallied over the past few weeks in anticipation of a uptrend in interest rates there, coupled with better recovery in the US compared to other developed counterparts. However, to me the strength in USD is not that permanent but rather a rebalancing and will not rise by much from hereon.

-----------------------------------------------

By Chris Pedersen for Oilprice.com

1. The U.S. Oil Boom
America’s oil boom is well documented. Shale oil production has grown by roughly 4 million barrels per day (mbpd) since 2008. Imports from OPEC have been cut in half and for the first time in 30 years, the U.S. has stopped importing crude from Nigeria.  

2. Libya…

Could Malaysia Be The Next "Houston" (oil & gas hub)

Interesting article from oilprice.com:

Helped along by a stable, transparent, pro-business government, Malaysia has been quietly building itself into an oil and gas hub, and the world’s oil and gas companies -- who increasingly see this country as a natural base for their broader Asian operations -- have noticed.

With Singapore now the world’s most expensive city, Jakarta in constant gridlock and Bangkok the center of recurring coup activity, Kuala Lumpur is fast becoming the preferred central location for businesses looking to take advantage of the expected growth in South East Asia.

The South East Asian market holds great importance for oil and gas firms due to its location in the center of the Asian-Pacific; some estimates are that it will account for 70 percent of global oil demand from 2015 to 2020.

The region will also be boosted by the development of both onshore and offshore gas markets driven by growing regional demand and high gas prices in Japan and South Korea, which could see…

Great Find - Double Claypot Curry Fish Head (SS2)

I go to SS2 quite a bit so whenever there are new shops I would notice. I think this eatery just opened less than a week or two ago. Basic, clean spartan design with a visible open kitchen, which makes sense nowadays as we diners like to see how hygienic the food preparation process is.







 Gave it a try, and the verdict is very very good. They are so confident that they only have two main dishes, the fish head curry (Chinese style) and the ribs pot. Main thing here is the curry fish head, certainly one of the best ever (Chinese style). They have servings for 1, 2, 4, 6 pax .... so no worries there. Everything that needed to be in that claypot were there like old friends for mahjong... ladies fingers, eggplant, cabbage, taufoopok, fuchuk, long beans and long beans... and the fish head of course (as the heads are not cheap, there will never be enough fish head parts in the curry to satisfy us ... but I think the veggies go very well with the lemak curry anyways).

I think I tasted tomatoes…

Seriously Side Splitting Signs

Internships & Fresh Graduates' Positions

Murasaki ts (a MSC status company) is looking for two interns and two full time positions for fresh graduates. If you are interested to get a footing into the world of finance, markets and immerse in the energy of a start up, we would like to hear from you.

Our office is located at Solaris Mont Kiara. Email CV to: joanne.tee@murasaki.co

More information about the company can be obtained by visiting www.murasaki.co

Here's Why Oil Prices Are Sagging

Its FRACKING ... or shale oil. Almost without warning, the US is almost self sufficient in oil. The map from Fortune is amazingly clear. The US already produces as much oil as the following combined countries: Venezuela, UK, UAE, Ukraine, Libya, Oman and Ecuador. All the less reasons to go to war from now on.


FORTUNE: U.S. oil production suddenly rivals that of some major exporters. The U.S. is in the middle of an oil boom. Over the past several years, advances in fracking technology have allowed the U.S. to tap into its vast reserves of shale oil, making the country one of the world’s largest producers of crude, upending the global energy marketplace. With nearly two-thirds more output now than six years ago, the U.S. produces 8.4 million barrels of crude per day. That’s still less than Russia, but more than twice as much as Iran or Canada. Texas alone now out-gushes the United Arab Emirates, Mexico, and Nigeria. Forget OPEC—meet the new league of oil-producing states, the united one…

Equity Risk Premium - The New Best Single Measure For Stocks

Great article from Fortune magazine:





It’s called the Equity Risk Premium, or ERP, and it’s been lauded as the Holy Grail of corporate finance. Investors have come down with a case of the jitters, and for a good reason. Since September 22, the Dow has careened through three days of 100 point-plus losses. The gigantic pop in the Alibaba IPO and the Chinese e-commerce phenomenon’s epic valuation have begun to stir fears that we’ve hit a market peak. What’s worrying is that prices are displaying far greater faith in the future than the unimpressive fundamentals suggest is warranted. We’re living in a world of record-high corporate valuations and mediocre earnings growth. To get the most accurate picture of the situation, let’s examine a metric that tells you when stocks are really a buy, and when they’re overly pricey. It’s called the Equity Risk Premium, or ERP, and it’s been lauded as the Holy Grail of corporate finance. The name may sound wonky, but for making money in stocks in the long-te…

The Fun Rides Are Getting Ridiculously Crazy

I like fun rides at amusement parks, not a lot but I am OK to participate. Some roller coaster rides have been getting more and more nerve racking, more turns, spirals, speed and heights that they drop from. Thats still OK because once you move its kinda like on its own speed.

This new ride at Phantasialand in Germany called TALOCAN reminds me of a gut churning ride, Loop-de-Loop, which you still see nowaday of a trainlike seating that goes up in a full circle, like a loop and will stay upside down for a few seconds before dropping. The TALOCAN does that but with a lot more twists. You take this ride, you'd be walking with weak knees for an hour.



Why Hongkongers Will Soldier On

Anson Chan defends and details why HK is in the state she is in.


Anson Chan has re-emerged in the spotlight amid a growing fight by Hong Kongers for democratic rights. Photograph: Scott Eells/Bloomberg News
She is often called the “Iron Lady” of Hong Kong. Anson Chan earned respect serving as Hong Kong’s second-highest official when the British were in charge. And when the colony was handed back to China in 1997, Beijing enlisted Chan to help with that transition. While she no longer holds any official government position, Chan, 74, remains one of the most influential political figures in Hong Kong and has re-emerged in the spotlight amid a growing fight by Hong Kongers for democratic rights. At the heart of the fight is China’s promise during the 1997 handover that Hong Kong would be allowed a level of autonomy. Many in Hong Kong believe China has broken that commitment – especially when it comes to media freedoms and the process of choosing a chief executive, which is currently done …