Nothing special to report in this post, just a dinner with with all friends.
Welcome to leave your comment.
Thursday, January 28, 2010
Saturday, January 23, 2010
Google AdSense Support
I got this mail in my mail box yesterday, after reading it, YES............. i am going to receive my first payment from Google.
Thanks to all CE's Blog readers, and please continue to support me.27.01.2010, 2.10pm,
After some reading on AdSence, only now i know, still long way to go for getting paid. My account got to cummulate until USD100. Ha ha....... still long way to go. Please refer to:
8th. Avocado Cup, Tasik Putri Golf & Country Club
Life is like a Round of Golf
Life is like a round of golf
With many a turn and twist.
But the game is much too sweet and short
To curse the shots you’ve missed.
Sometimes you’ll hit it straight and far
Sometimes the putts roll true.
But each round has it’s errant shots
And troubles to play through.
So always swing with courage
No matter what the lie.
And never let the hazards
Destroy the joy inside.
And keep a song within your heart
Give thanks that you can play.
For the round is much too short and sweet
To let it slip away.
— Criswell Freeman
Tuesday, January 19, 2010
JAL files for bankrutpcy with US$25b total debt
TOKYO: Japan Airlines Corp said on Tuesday, Jan 19 it had filed for bankruptcy with 2.3 trillion yen (US$25.4 billion) in debt as of the end of September, as it seeks to revive itself under a state-backed restructuring plan, says Reuters.
The Enterprise Turnaround Initiative Corp of Japan (ETIC), a fund that can draw on government-backed funding to bail out ailing firms, has said it will support the carrier.
The ETIC said said it planned to inject about 300 billion yen (US$3.3 billion) into JAL as part of a plan to revive the carrier. Total debt forgiveness from creditors would come to about 730 billion yen.
A JAL bankruptcy is expected to see the carrier slash 15,000 jobs and replace ageing planes to survive an industry beset by volatile fuel costs and fickle flyers.
Meanwhile, about 40 billion yen (US$441 million) of Japan Airlines Corp's fuel hedges, mostly in Brent forward contracts, is estimated to be exposed in the event of an automatic termination of hedging contracts, a source familiar with the matter said on Tuesday.
The source told Reuters there were 12 major counterparties, of which 10 have contracts that are subject to ISDA standards, meaning automatic early termination (AET) will be triggered.
Other industry sources said the counterparties are largely big investment banks.
Normally, filing for bankruptcy protection triggers an event of default, which in turn triggers AET.
Under bankruptcy procedures, counterparties could lose as much as 80% of their hedge exposures, the source said, adding that it remained unclear how JAL would hedge in future.
"We intend to continue fuel hedging as per the current policy," said JAL spokeswoman Sze Hunn Yap.
It is also unclear whether the policies of JAL's current management will continue in the future, as the carrier's board voted on Tuesday to file for bankruptcy protection, weighed down by about $16 billion in debt.
The state-backed Enterprise Turnaround Initiative Corp of Japan (ETIC) will support the carrier. ETIC, which can draw on government-backed funding to support ailing firms, has said it would guarantee payment for fuel and other commercial transactions to ensure JAL can maintain its operations.
JAL annually consumes some 5 billion litres of fuel, or 31.5 million barrels (86,000 barrels per day), the company's website said.
In contrast, Singapore Airlines consumes 35.8 million barrels of fuel a year.
JAL did not comment on the details of its hedging practices.
ILL-TIMED HEDGES?
Market sources said JAL hedges are said to be structured in the past in the following way: go long in crude oil in one-, two-, three-year contracts, and as those contracts come off they buy the crack spreads for kerosene/jet fuel.
One trader said JAL's current hedging position was likely to be as follows: Brent crude oil is for one to two years; Brent crude and gas oil is for six months to one year, products (kerosene/jet fuel) linked to Singapore spot quotes and regrade (spread between jet fuel and gas oil) prompt to six months.
Some market players said the carrier may have suffered from ill-timed hedges as oil prices were hitting record highs, locking JAL into high fuel costs for a longer period in the future.
Later in 2008, Brent crude plummeted from peaks above US$140 a barrel, and was hovering near US$77 on Tuesday.
JAL's hedge losses may be partially offset by the steady rise in oil prices since first-quarter 2009, unless it had some speculative positions aside from pure hedging.
Industry officials and market players in Tokyo said they did not believe JAL had overhedged positions.
The company's financial data showed net unrealised losses on hedging instruments shrank while fuel costs that include hedging dropped in the six months to Sept. 30, 2009.
In the first half of the current 2009/10 fiscal year, JAL reduced losses on deferred hedge transactions -- net unrealised losses on hedging instruments -- by about 99.8 billion yen to around 102 billion yen.
First-half operating expenses stood at 859.7 billion yen, of which 188.2 billion yen were fuel costs, the largest proportion of costs in the air transportation segment. Still, that was down 62.7 billion yen from a year earlier.
A JAL spokesman said the airline has reduced its fuel hedging to around 80 percent in fiscal 2009/10 to March from around 90 percent in first-half 2008/09. - Reuters
The Enterprise Turnaround Initiative Corp of Japan (ETIC), a fund that can draw on government-backed funding to bail out ailing firms, has said it will support the carrier.
The ETIC said said it planned to inject about 300 billion yen (US$3.3 billion) into JAL as part of a plan to revive the carrier. Total debt forgiveness from creditors would come to about 730 billion yen.
A JAL bankruptcy is expected to see the carrier slash 15,000 jobs and replace ageing planes to survive an industry beset by volatile fuel costs and fickle flyers.
Meanwhile, about 40 billion yen (US$441 million) of Japan Airlines Corp's fuel hedges, mostly in Brent forward contracts, is estimated to be exposed in the event of an automatic termination of hedging contracts, a source familiar with the matter said on Tuesday.
The source told Reuters there were 12 major counterparties, of which 10 have contracts that are subject to ISDA standards, meaning automatic early termination (AET) will be triggered.
Other industry sources said the counterparties are largely big investment banks.
Normally, filing for bankruptcy protection triggers an event of default, which in turn triggers AET.
Under bankruptcy procedures, counterparties could lose as much as 80% of their hedge exposures, the source said, adding that it remained unclear how JAL would hedge in future.
"We intend to continue fuel hedging as per the current policy," said JAL spokeswoman Sze Hunn Yap.
It is also unclear whether the policies of JAL's current management will continue in the future, as the carrier's board voted on Tuesday to file for bankruptcy protection, weighed down by about $16 billion in debt.
The state-backed Enterprise Turnaround Initiative Corp of Japan (ETIC) will support the carrier. ETIC, which can draw on government-backed funding to support ailing firms, has said it would guarantee payment for fuel and other commercial transactions to ensure JAL can maintain its operations.
JAL annually consumes some 5 billion litres of fuel, or 31.5 million barrels (86,000 barrels per day), the company's website said.
In contrast, Singapore Airlines consumes 35.8 million barrels of fuel a year.
JAL did not comment on the details of its hedging practices.
ILL-TIMED HEDGES?
Market sources said JAL hedges are said to be structured in the past in the following way: go long in crude oil in one-, two-, three-year contracts, and as those contracts come off they buy the crack spreads for kerosene/jet fuel.
One trader said JAL's current hedging position was likely to be as follows: Brent crude oil is for one to two years; Brent crude and gas oil is for six months to one year, products (kerosene/jet fuel) linked to Singapore spot quotes and regrade (spread between jet fuel and gas oil) prompt to six months.
Some market players said the carrier may have suffered from ill-timed hedges as oil prices were hitting record highs, locking JAL into high fuel costs for a longer period in the future.
Later in 2008, Brent crude plummeted from peaks above US$140 a barrel, and was hovering near US$77 on Tuesday.
JAL's hedge losses may be partially offset by the steady rise in oil prices since first-quarter 2009, unless it had some speculative positions aside from pure hedging.
Industry officials and market players in Tokyo said they did not believe JAL had overhedged positions.
The company's financial data showed net unrealised losses on hedging instruments shrank while fuel costs that include hedging dropped in the six months to Sept. 30, 2009.
In the first half of the current 2009/10 fiscal year, JAL reduced losses on deferred hedge transactions -- net unrealised losses on hedging instruments -- by about 99.8 billion yen to around 102 billion yen.
First-half operating expenses stood at 859.7 billion yen, of which 188.2 billion yen were fuel costs, the largest proportion of costs in the air transportation segment. Still, that was down 62.7 billion yen from a year earlier.
A JAL spokesman said the airline has reduced its fuel hedging to around 80 percent in fiscal 2009/10 to March from around 90 percent in first-half 2008/09. - Reuters
Sunday, January 10, 2010
The RM1 Per Visit 1Malaysia Clinics Address
The 50 1Malaysia Clinics had started operation from 4 January 2010 onwards and the first 1Malaysia Clinic in Jalan Pantai Permai 1, Lembah Pantai Kerinch by Malaysia had been officially launched by Prime Minister on 7 January 2010.
The 1Malaysia Clinic offers treatment for common illnesses and follow-up checks for chronic diseases for RM1 (US$0.40) whereas foreigners seeking treatment will have to pay a flat rate of 15 ringgit (US$4).
Most of the 1Malaysia clinics were located in town areas as outside urban areas were 2,000 rural clinics which had existed since the country’s independence.
Government had allocated RM10mil for the 50 1Malaysia clinics in the year 2010 for the internal fittings and medicines only.
The 1Malaysia clinics operating hours
- operate daily, seven days a week, from 10am to 10pm
- operate daily, seven days a week, from 10am to 10pm
It is manned by paramedics comprising medical assistants and trained nurses.
Here is the the list of 1Malaysia Clinics nationwide (date of operation in parenthesis) and do check whether the 1Malaysia Clinic is nearby where you stay.
PERLIS (Jan 1)
1. Klinik 1Malaysia Kangar, No 6 Grd Floor, Jalan Lintasan Kangar, Taman Pertiwi, Kangar.
1. Klinik 1Malaysia Kangar, No 6 Grd Floor, Jalan Lintasan Kangar, Taman Pertiwi, Kangar.
PENANG (Jan 6)
1. Klinik 1Malaysia Jelutong, 116, Grd Floor, Jalan Jelutong
2. Klinik 1Malaysia Teluk Air Tawar, No 6, Kedai 1 Tingkat, Lorong Teluk Air Tawar 14, Butterworth
3. Klinik 1Malaysia Batu Kawan, No 19, Lorong Cempaka 1, Taman Cempaka, Batu Kawan, Seberang Perai Selatan
4. Klinik 1Malaysia Sungai Ara: 2A1, Tkt Kenari 5, Taman Desa Ria, Sungai Ara Bayan Lepas
(Jan 7)
5. Klinik 1Malaysia Alma Jaya, No 38, Grd Floor, Lorong Alma Jaya 11, Taman Alma Jaya, Bukit Mertajam
2. Klinik 1Malaysia Teluk Air Tawar, No 6, Kedai 1 Tingkat, Lorong Teluk Air Tawar 14, Butterworth
3. Klinik 1Malaysia Batu Kawan, No 19, Lorong Cempaka 1, Taman Cempaka, Batu Kawan, Seberang Perai Selatan
4. Klinik 1Malaysia Sungai Ara: 2A1, Tkt Kenari 5, Taman Desa Ria, Sungai Ara Bayan Lepas
(Jan 7)
5. Klinik 1Malaysia Alma Jaya, No 38, Grd Floor, Lorong Alma Jaya 11, Taman Alma Jaya, Bukit Mertajam
PERAK (Jan 8)
1. Klinik 1Malaysia Teluk Intan, No 1, Taman Medan Maharaja, Jalan Kampung Banjar, Teluk Intan
2. Klinik 1Malaysia Bandar Seri Iskandar, No 32, Blok D, Bandar Seri Iskandar shophouses, Perak Tengah
3. Klinik 1Malaysia Aulong, No 51 dan 53, Jalan Medan Bersatu, Taman Medan Bersatu, Taiping
4. Klinik 1Malaysia Bercham, No 6A1 dan 10, Persiaran Medan Bercham 7, Pusat Bandar Bercham Timur, Ipoh
1. Klinik 1Malaysia Teluk Intan, No 1, Taman Medan Maharaja, Jalan Kampung Banjar, Teluk Intan
2. Klinik 1Malaysia Bandar Seri Iskandar, No 32, Blok D, Bandar Seri Iskandar shophouses, Perak Tengah
3. Klinik 1Malaysia Aulong, No 51 dan 53, Jalan Medan Bersatu, Taman Medan Bersatu, Taiping
4. Klinik 1Malaysia Bercham, No 6A1 dan 10, Persiaran Medan Bercham 7, Pusat Bandar Bercham Timur, Ipoh
SELANGOR (Jan 7)
1. Klinik 1Malaysia Lembah Subang, No 112 dan 113, Blok A, Taman Putra Damai, Lembah Subang, Petaling Jaya
(End of January)
2. Klinik 1Malaysia Seri Setia, Community Hall, Jalan 230, Seksyen 51 A, Petaling Jaya
3. Klinik 1Malaysia Puchong Intan, Multipurpose Hall, Jalan 1, Puchong Intan, Batu 12, Puchong
4. Klinik 1Malaysia Kota Kemuning, Sri Nevilia Hardcore Poor Housing Programme, Kota Kemuning, Shah Alam
5. Klinik 1Malaysia Taman Samudera, Taman Samudera, Batu Caves
1. Klinik 1Malaysia Lembah Subang, No 112 dan 113, Blok A, Taman Putra Damai, Lembah Subang, Petaling Jaya
(End of January)
2. Klinik 1Malaysia Seri Setia, Community Hall, Jalan 230, Seksyen 51 A, Petaling Jaya
3. Klinik 1Malaysia Puchong Intan, Multipurpose Hall, Jalan 1, Puchong Intan, Batu 12, Puchong
4. Klinik 1Malaysia Kota Kemuning, Sri Nevilia Hardcore Poor Housing Programme, Kota Kemuning, Shah Alam
5. Klinik 1Malaysia Taman Samudera, Taman Samudera, Batu Caves
KUALA LUMPUR (Jan 4)
1. Klinik 1Malaysia Perkasa, B01, Blok B, Perkasa People’s Housing Programme, Jalan Nakhoda Yusof, Kampung Pandan
2. Klinik 1Malaysia Kerinchi, Lembah Pantai, B01 , Kuala Lumpur City Hall Quarters, Jalan Pantai Permai 1, off Jalan Pantai Dalam
3. Klinik 1Malaysia Taman Melati, Gombak Community Centre, Taman Melati
4. Klinik 1Malaysia Intan Baiduri, B005, PPR Intan Baiduri, Kepong Utara, Mukim Batu, Kepong
5. Klinik 1Malaysia Desa Rejang, Blok B00, PPR Desa Rejang, Setapak
1. Klinik 1Malaysia Perkasa, B01, Blok B, Perkasa People’s Housing Programme, Jalan Nakhoda Yusof, Kampung Pandan
2. Klinik 1Malaysia Kerinchi, Lembah Pantai, B01 , Kuala Lumpur City Hall Quarters, Jalan Pantai Permai 1, off Jalan Pantai Dalam
3. Klinik 1Malaysia Taman Melati, Gombak Community Centre, Taman Melati
4. Klinik 1Malaysia Intan Baiduri, B005, PPR Intan Baiduri, Kepong Utara, Mukim Batu, Kepong
5. Klinik 1Malaysia Desa Rejang, Blok B00, PPR Desa Rejang, Setapak
NEGRI SEMBILAN (Jan 7)
1. Klinik 1Malaysia Taman Rasah Jaya, No 3773 (Grd Floor), Jalan RJ611, Taman Rasah Jaya
2. Klinik 1Malaysia Taman Seremban Jaya, No 2294 (Grd Floor), Jalan SJ10/1, Taman Seremban Jaya
3. Klinik 1Malaysia Taman Semarak 2 Nilai, PT 5742 (Grd Floor), Jalan TS 2/1E, Taman Semarak, Nilai
1. Klinik 1Malaysia Taman Rasah Jaya, No 3773 (Grd Floor), Jalan RJ611, Taman Rasah Jaya
2. Klinik 1Malaysia Taman Seremban Jaya, No 2294 (Grd Floor), Jalan SJ10/1, Taman Seremban Jaya
3. Klinik 1Malaysia Taman Semarak 2 Nilai, PT 5742 (Grd Floor), Jalan TS 2/1E, Taman Semarak, Nilai
MALACCA (Jan 7)
1. Klinik 1Malaysia Taman Merdeka, Batu Berendam, No 39, Jalan M1, Batu Berendam
2. Klinik 1Malaysia Bukit Katil, 17, Jalan IKS, Bukit Katil
3. Klinik 1Malaysia Sri Pengkalan, Alor Gajah, KM 4615, Jalan Samarinda 2, Taman Samarinda, Pengkalan, Alor Gajah
1. Klinik 1Malaysia Taman Merdeka, Batu Berendam, No 39, Jalan M1, Batu Berendam
2. Klinik 1Malaysia Bukit Katil, 17, Jalan IKS, Bukit Katil
3. Klinik 1Malaysia Sri Pengkalan, Alor Gajah, KM 4615, Jalan Samarinda 2, Taman Samarinda, Pengkalan, Alor Gajah
JOHOR (Dec 28)
1. Klinik 1Malaysia Taman Megah Ria, No 15 dan 15A, Jalan Bayan 37/2, Taman Megah Ria, Masai
(Jan 4)
2. Klinik 1Malaysia Taman Manis, No 392, Jalan Manis 17, Taman Manis, Kelapa Sawit, Kulaijaya, Kulai
3. Klinik 1Malaysia Stulang Laut, Blok G, Sri Stulang 1 Flat, Bakar Batu, Johor Baru
4. Klinik 1Malaysia Bandar Sri Alam, Blok A, Sri Alam Flat, Masai, Johor Baru
5. Klinik 1Malaysia Taman Seri Lambak, JKKMB Hall, Taman Seri Lambak, Kluang
1. Klinik 1Malaysia Taman Megah Ria, No 15 dan 15A, Jalan Bayan 37/2, Taman Megah Ria, Masai
(Jan 4)
2. Klinik 1Malaysia Taman Manis, No 392, Jalan Manis 17, Taman Manis, Kelapa Sawit, Kulaijaya, Kulai
3. Klinik 1Malaysia Stulang Laut, Blok G, Sri Stulang 1 Flat, Bakar Batu, Johor Baru
4. Klinik 1Malaysia Bandar Sri Alam, Blok A, Sri Alam Flat, Masai, Johor Baru
5. Klinik 1Malaysia Taman Seri Lambak, JKKMB Hall, Taman Seri Lambak, Kluang
PAHANG (Jan 1)
1. Klinik 1Malaysia Kempadang, No 2E, Lot 4629, Kampung Kempadang, Kuantan
2. Klinik 1Malaysia Padang Jaya, Grd Floor, B32, Kampung Padang Jaya, off Jalan Sungai Lembing, Kuantan
3. Klinik 1Malaysia Temerloh, No 12, Grd Floor Jalan Pak Sako 4, Bandar Sri Semantan, Temerloh
1. Klinik 1Malaysia Kempadang, No 2E, Lot 4629, Kampung Kempadang, Kuantan
2. Klinik 1Malaysia Padang Jaya, Grd Floor, B32, Kampung Padang Jaya, off Jalan Sungai Lembing, Kuantan
3. Klinik 1Malaysia Temerloh, No 12, Grd Floor Jalan Pak Sako 4, Bandar Sri Semantan, Temerloh
TERENGGANU (Jan 3)
1.Klinik 1Malaysia Bukit Payong, Marang, No 8216, Tkt Bawah, Permint shophouses, Bukit Payong, Marang
(Jan 6)
2. Klinik 1Malaysia Wakaf Baru, Kuala Terengganu, Lot PT30712, Wakaf Baru, Mukim Kuala Nerus, Kuala Terengganu
3. Klinik 1Malaysia Binjai, Kemaman, GM562, Lot 1190, Mukim Binjai, Kemaman
1.Klinik 1Malaysia Bukit Payong, Marang, No 8216, Tkt Bawah, Permint shophouses, Bukit Payong, Marang
(Jan 6)
2. Klinik 1Malaysia Wakaf Baru, Kuala Terengganu, Lot PT30712, Wakaf Baru, Mukim Kuala Nerus, Kuala Terengganu
3. Klinik 1Malaysia Binjai, Kemaman, GM562, Lot 1190, Mukim Binjai, Kemaman
KELANTAN (Jan 8)
1. Klinik 1Malaysia Sri Cemerlang, Lot 348, Jalan Sri Cemerlang, Seksyen 27, Kota Baru
(Jan 3)
2. Klinik 1Malaysia Jelawat, Lot 34, Bandar Jelawat, Bachok
3. Klinik 1Malaysia Pengkalan Batu, Lot 633B, Kampung Pengkalan Batu Jalan Pasir Pekan, Pasir Mas
1. Klinik 1Malaysia Sri Cemerlang, Lot 348, Jalan Sri Cemerlang, Seksyen 27, Kota Baru
(Jan 3)
2. Klinik 1Malaysia Jelawat, Lot 34, Bandar Jelawat, Bachok
3. Klinik 1Malaysia Pengkalan Batu, Lot 633B, Kampung Pengkalan Batu Jalan Pasir Pekan, Pasir Mas
SABAH (End of January)
1. Klinik 1Malaysia Bandar Sri Indah Tawau, Lot 334, TB 15058, Batu 10, Jalan Apas, Tawau
(Jan 6)
2.Klinik 1Malaysia Bundusan Square, Lot 67, Grd Floor, Blok H, Bundusan Square, Penampang
(Jan 7)
3. Klinik 1Malaysia Sandakan, Lot 7A dan 7B, Grd Floor Blok B Bandar Leila, Jalan Leila, Sandakan
(Jan 15)
4. Klinik 1Malaysia Kota Kinabalu, Lot 37, Grd Floor, Blok E, Fasa 2 Sulaiman Sentral, Kota Kinabalu
1. Klinik 1Malaysia Bandar Sri Indah Tawau, Lot 334, TB 15058, Batu 10, Jalan Apas, Tawau
(Jan 6)
2.Klinik 1Malaysia Bundusan Square, Lot 67, Grd Floor, Blok H, Bundusan Square, Penampang
(Jan 7)
3. Klinik 1Malaysia Sandakan, Lot 7A dan 7B, Grd Floor Blok B Bandar Leila, Jalan Leila, Sandakan
(Jan 15)
4. Klinik 1Malaysia Kota Kinabalu, Lot 37, Grd Floor, Blok E, Fasa 2 Sulaiman Sentral, Kota Kinabalu
SARAWAK (Dec 31)
1. Klinik 1Malaysia Jalan Teku, Sibu, Lot 302, Blok 7, Teku Road, Sibu
(Jan 4)
2. Klinik 1Malaysia Matang Jaya, Lot 9746, Seksyen 65, KTLD Taman Lee Ling, Jalan Matang, Kuching
(Jan 5)
3. Klinik 1Malaysia Taman Tunku, Lot 2350, Blok 5, LLD Jalan Kuching, Taman Tunku, Miri
4. Klinik 1Malaysia Sungai Plan, S/L 517, Sungai Plan, Tanjung Kidurong, Bintulu
1. Klinik 1Malaysia Jalan Teku, Sibu, Lot 302, Blok 7, Teku Road, Sibu
(Jan 4)
2. Klinik 1Malaysia Matang Jaya, Lot 9746, Seksyen 65, KTLD Taman Lee Ling, Jalan Matang, Kuching
(Jan 5)
3. Klinik 1Malaysia Taman Tunku, Lot 2350, Blok 5, LLD Jalan Kuching, Taman Tunku, Miri
4. Klinik 1Malaysia Sungai Plan, S/L 517, Sungai Plan, Tanjung Kidurong, Bintulu
RM1 per visit for Malaysia is a very low price if compared to visiting the private clinics which normally charge in around RM20 to RM30 per visit for the common sickness like fever, cough and flu.
For example, if every year you and your family member visiting the clinic for an average of 12 times and the total medical expenses will be around RM240 to RM360 per year. By visiting the 1Malaysia Clinic the total costs will reduce tremendously to only RM12.
If you are living nearby the 1Malaysis Clinic and do not have the coverage of the company's medical benefit, by visiting 1Malaysia Clinic definitely will ease the burden of the medical bill.
Will you visit the 1Malaysia Clinic if it is located nearby where you live in order to reduce the medical expenses?
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