FRANKFURT (Reuters) - The European Central Bank agreed a new bond-buying program on Thursday to lower struggling euro zone countries' borrowing costs which would serve as a "fully effective backstop", ECB President Mario Draghi said on Thursday.
The ECB Governing Council agreed on the "modalities of outright monetary transactions", Draghi told a news conference after the Council's monthly policymaking meeting in Frankfurt.
Seeking to back up his pledge to do whatever it takes to preserve the euro, Draghi said the new bond-buying program, aimed at the secondary market, would "safeguard the monetary policy transmission in all countries in the euro zone area".
It would address bond market distortions and the "unfounded" fears of investors about the irreversibility of the euro.
The scheme, which the Bundesbank is known to have opposed, would be a "fully effective backstop to prevent potentially destructive scenarios", he said.
"We are strictly within our mandate," Draghi said.

Becomes QE member liau.

Yea. noticed this as well.

iphone5 is a bit disappointing. on the other hand, iphone 4s price drop so much.

http://store.apple.com/my/browse/home/shop.../iphone/compare

"A notable proposal is the lowering of the individual income tax rates by one percentage point for the chargeable income brackets of up to RM50,000. As a result, 170,000 people will no longer have to pay tax, while the rest of the taxpayers will enjoy some savings"

Chargeable income should means taxable income which is your gross income minus personal relief of Rm9K, rebate, etc etc.

So, quite many will benefits as, with a income of RM60K, after minus your personal relief of RM9K, chargeable income is 51K. Some minor rebate will entitled you for that.