I finally found they store the annual reports

I am so happy that get to access the annual reports of the listed companies in Malaysia. Now, I will be able to do some research on my own to determine the value of a company regardless of the media's judgment. However, I still stand by my previous comment that the SC should really setup a form where the companies are required to fill up. Although many of the annual reports may have fulfilled the requirements to disclose a company's structure, board of directors and etc. , some investors may want to review the basic operations of a company without going through the various presentation that is often present in a financial statement.

Malaysia needs a central depository for companay's financial statements

As the title, Malaysia really needs to have a central depository for online statements. I am not sure that the SC is doing anything "E" about the financial situation of a company but I think the listed companies should provide their financial statements online in order to attract the interests of foreign investors who are interested in their financial standings. However, after doing some Google search and checking out the Bursa Malaysia's website, I can hardly find a place that allows people to find an archive of Malaysian public listed companies' annual report. This is crucial for an investor who does not wish to speculate or to invest with his so called "sixth sense" who wished to do some thorough analysis on their financial statements. Maybe Malaysia should start something like the Form 10K that the SEC in America is doing right now whereby all public listed companies are required to fill up the Form 10K every year to provide a snapshot on their business to the American public and the world. I believe that in order for Malaysia's financial market to move up the next level, they should really consider implementing a system that requires the companies to submit their information to a central department where the public will be able to gain access to these information.

Survival of the Fittest

We have seen many examples in the past. During the rural ages, we had artisans who pride themselves by making chairs with their own unique skillsets. However, when there is an Industrial revolution, many artisans were forced to become employee 2001 in the many factories that has made the artisan's work as part of a huge production line. I have a vision. I believe the same thing may apply to IT services or programming. If one's work does not improve or innovate in a way, it will fall into the same path as the artisans in the 18th century-19th century. In one of the business 2.0 magazines, it mentions that intelligent soft is developing a smart software that is able to recreate software on its own. In another words, the software is trying to remove the error prone human element from software programming itself. I believe this is a possibility and this is bound to happen. If programmers are not able to figure out how to make themselves as unique as possible, they will really need to prepare themselves before it is too late for them and they will have to become the employee number 2001 to feed their family.

Step class at Fitness First

The youtube video above is just to give you a few on what step is like. Well, today, I went on to try out the intermediate step class at my gym. It was certainly a different feel after watching a number of classes over the past two months. It is something like the first time one person step on the stage to do something. The feeling was definitely unique because the group exercise gym was actually transparent.

Anyways, I went in and it was definitely one of the funnest moment in my life. Well, first of all, I have no idea about step before I take the class, I just went in the class to checkout what the class is all about and it definitely involves a good coordination of steps. Everyone was required to grab a piece of aerobic board and he/she are required to perform step moves on or around that board.

For my first try, I feel like I was Napoleon when he was getting his ass kicked by the Russians at Russia or by the Brits at Waterloo. I was definitely out of step and I am definitely not up to the speed of the instructor.
After the class, I think i only get one of the "Double D" move that the teacher showed us before we tried to combine everything at the end of the class. All I can say is, I definitely want to try the class out again to see if I can become better although I am sure that dancing with good and eye coordination is definitely not my thing.

Abbreviation can be interepreted in many ways!!

An Abbreviation is a way that people would rather use the first letter of a number of words to represent an organization or an item. However, I came across a few abbreviation recently in the news and I think these abbreviation can actually lead to multiple meanings it definitely needs to be reviewed by the many experts in the world:

For example:

K-economy- should be known as Knowledge economy but coincidentally it can also be used for Korridor Economy because of the first letter K.

U.S.A- widely accepted as the United States of America can also be used to represent the United States of Africa if the Africans do one day united and decided to combine the many divided African nations into one big country.

I joined Facebook

I am not a big user of social websites because I don't really get what they do. People have been saying that it allows user to create their personal profile online and they will be able to meet up with more new people. Honestly, I think there is still more room for improvements for a social website. For example, sometimes I have this feeling that the interface can be organized in a more user friendly way. Anyways, since I am now a facebook user, I will try to checkout what is on and what can be improved at the moment.

A question about the standard of Annual Reports in Malaysia

After reading a number of Annual reports, I have observed a few shortcomings and I hope the sc can do something to recommend some changes on these important financial statements since it is the one and only one source of financial information that the investor received from their investment directly.

Firstly, I hope they will be able to list the properties or give some description on the properties that is owned as an asset to the company. Of course, a company may argue that they may owned a list of properties that may or may not fit on a book. However, with the soft copies available, I am sure the investors have the right to know more about these assets that may contribute to the companies actual book value.

Secondly, I am sure the investors will be more than happy to know more about the director's renumeration allocation to each individual directors. The investors have the right to know more about the compensation that has been awarded to each director since it is hard to justify the possible huge payments for a managing director if the company if performing badly.

Thirdly, the annual statements of a company should really give a clear description of a company/ a group's overall operation since it is so hard to know what a company is doing by reading its confusing annual statement. With a clear knowledge of a company's operation, investors will have a clear picture on the various business operations that a company do.

Fourthly, the sc should really require a company to submit a soft copy of their annual statements to a central archive. It will certainly benefit the company and the market in the long run since investors, both local and foreign, will be able to locate the annual report from one central source.