AGM of SAGA Central Region - Newspaper Clipping

The AGM of SAGA Central Region was successfully held on 9th April, 2012 at 7.00pm at Premier Hotel, Sibu.

The local dailies gave good coverage of the event. My heartfelt thanks to the reporters who were with us throughout the meeting.

The meeting planned a host of activities including speech contest, English song singing competition, English essay writing competition, pre-departure fellowship, career talk, etc for the months to come.

Property Prices On The Rise : CIMB Research

Prices of residential properties are expected to climb further by five to 10 percent this year, said a report by CIMB Research.

While appreciation could be higher than projected, the government will likely remain cautious over ‘runaway' property prices.

The report said 2012 would be another good year for house price appreciation, backed by several advantageous factors and despite the slower real GDP (gross domestic product) growth projection.

"Buying momentum continued to be strong, driven by inflationary fears," said CIMB.

On the other hand, supply growth "should remain depressed as developers have only just started to focus more on affordable homes costing not more than RM500,000 in the Klang Valley." The growth of prices in the Klang Valley will be driven by new infrastructures such as the MRT (My Rapid Transit), covered walkway projects and river rehabilitation.

Although new records will likely set this year, overall transaction values are doomed for a slowdown following two years of high growth of 30 percent on average.

"In view of credit-tightening measures by the central bank, we believe that the growth in transaction value should slow to 10 percent to 12 percent this year," it added.

CIMB also emphasised that the risks to volume and price projections have taken into account the global economic outlook as well as the performance of the local stock market.

Meanwhile, the commercial property market may be on the darker side, as oversupply will likely affect the sector in the coming years. This early, occupancy rates for both retail and office segments have begun to drop.

Source: Homeguru

Teh Tarik With Dr. Dennis Ngien

We met up with Dr. Dennis Ngien this afternoon in Bamboo House for a good chat over teh tarik.

Dr. Dennis Ngien is on a stop-over in Sibu for a few days before proceeding to China.

Gold Is Going To Rally

Christian DeHaemer has the following to say about gold:

Gold has been putting in a basing formation on lower volume for about a year now. The long-term trend is up. It has held above the $1,500-per-ounce mark all year and is now at $1,664 – putting in higher lows as it moves up.

The top, shorter-term downtrend line is about a month or two from hitting the uptrend line. This is called a pennant formation.

And when this happens the price breaks out one way or another. Like a coiled spring it launches as far as the trend went sideways. This is generally how gold moves – long consolidation patterns coupled with explosive short-term gains.

Given the amount of money printing and the accumulation of debt in the world, I would bet that the direction will be up.

Earlier this week Greg McCoach wrote a brilliant editorial projecting that gold will hit $19,525 an ounce before it is all over. You can find it below in The Cost of Debt: Debts DO Matter.

Now is the time to buy assets with real value. Gold, rare earths, and oil will all go up on inflation and the systematic destruction of all major currencies. Below you will find actionable information related to these assets.

SAGA Central Region's AGM 2012

SAGA Central Region held its AGM for the year 2011 on 9th April, 2012 at 7.30pm at Premier Hotel, Sibu.

The chairman of SAGA Central Region Temenggong Vincent Lau in his welcoming address called on the members to be supportive to the association's activities. He also hoped that the new committee would formulate new strategies to attract more Australian graduates to join the association and stay united under one umbrella.

An election was held for a new committe to run the association. Nearly all the incumbents were reelected.

A buffet dinner was served after the meeting.

Photo: Philip Hii of The Star

SAGA Central Region's AGM 2012

It is time again for SAGA Central Region members to meet and say to each other: How are you, mate?

This year's AGM for SAGA Central Region shall be on 9th April, Monday at 7.30pm at Premier Hotel, Sibu. The notice has been sent out by post or e-mail. All members are urged to be present.

A buffet dinner shall be served after the meeting.

The picture shows the news coverage for last year's AGM.

See you there!

Premier Hotel Taking Part In Earth Hour 2012

In its relentless efforts to push for environmental care, Sibu Municipal Council, as in the past years, promoted Earth Hour 2012 highprofiledly in Sibu. This was to instil the love for our environment into the minds of the public.

In his open letter to all hotels, supermarkets and shopping malls, the council chairman Datuk Tiong Thai King called on the operators to take part in the programme of Earth Hour 2012 by switching off the lights on 31st March from 8.30pm to 9.30pm.

Premier Hotel gave positive response to the call by having all the exterior lights off, leaving only with the minimum lights in the interior during the hour.

The two pictures were taken by Steve Ling, a well known photographer in Sibu. Steve never lets the history slip without snapping shots. A big thumb up to Steve!