1MDB US$3bil bond due 2023 MY090608517= moved out 55 bps to 310/290 bps over US Treasuries, the widest since its issuance in March 2013. In price terms, it is down about 5 points.

Debt-ridden investor has failed for second time to pay RM2bil (about US$563mil) loan to local banks due end of December.

The illiquid bond carries letter of support from government whose strong wording qualifies it under the guarantee criteria, allowing a rating at par with sovereign.

"Everyone knows the government will step in, but still a lot of headline risk, and with Kaisa issue, the market doesn't really need another missed coupon," says a Hong Kong-based trader

"The extension of 1MDB's debt should not be taken as a sovereign default because it is a separate entity, even though it is sovereign-backed," says Takahira Ogawa, Standard & Poor's analyst.

No one use the road is small issue..

the building fall down is the issue that i am more concern about. They build too fast until quality can be compromised

Relating this to a news back in Taiwan or somewhere in Chinese populated countries, there was once a house/building collapse and they bound bamboo poles instead of steel rods in the bricks and mortar. LOLOLOLOL take that!

Malaysia's finance ministry has asked government-linked companies (GLCs) and statutory bodies to temporarily halt purchases of foreign assets, in response to falling commodity prices and in a bid to contain capital outflows.

According to the ministry, affiliated companies would need to "review their investment policies to support the government's initiative to boost the domestic economy".

Analysts say the move should help the country deal with capital outflows.

"It's not just them reducing or preventing the GLCs from investing outside. Maybe some assets could also be brought back home as well," Nomura Holdings' Southeast Asia economist Euben Paracuelles said.

gomen's style is never to say anything negative, always good, v r special, v r the best, etc.

when they officially issue that kind of directive, v know all is NOT well.

gudluck to all of us. possible 1997 deja vu...

agreed. Something is not right.
No wonder I heard someone mention that 1USD=RM4 tis month

Chinese people are definitely smart in doing business.. however, sometimes it is too smart until 没有良心.. no ethic.

That is the scary part when other people lives are endangered

Crude Oil (WTI) @ 48.93 now
Heading to 48 today

below 50 already .......

Short term pain......long term gain

actually im hunting mode (OnG), but pity our RM drops like hell ......

Can invest in China markets ma..

Some analyst are still harping on the average price of crude in 2014. Others are harping on GDP growth in 2014. It does not matter any more. It is already history. Looking forward, there will be no quick rebound for crude oil. With shale oil producers protected by hedges in the futures market, oil glut is expected to continue at least for a year. Every crisis has a trigger. 1997/98 crisis was trigger by speculators. 2008 crisis by sub-prime, 2015 crisis ? trigger by fall in crude oil and commodities.

the question is: when is the right time to hunt

i think almost btm already...can start hunt alredy..but make sure u got holding power..maybe just stagnant at current level for sometimes

hmmm, technology theme meh glory? i tot now is furniture business gooding, all counted in USD for exports... hehe

If got holding power, anytime is good time to hunt

yeah lor, gst-era mar this year, sure got hiccups here n there - msian standards - sure alot hiccups. after ifcam whats next? u look at post-gst implementation, which comes to servicing ur hardware/software and etc. cloud storage would be a good thing to look at too.

but if OnG rebounds that time, fuuhh all OnG stocks fly here n there, that time u see ur gun is a simple eagle handgun or a shotgun can anyhow shoot kena

+1 but of course, hold smartly mar. opportunity costs are always there - simple econs for everyone.

is there a way to invest in china shares as foreigner?

Can tembak some ..