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Kuala Bear

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About Kuala Bear

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  1. i always enjoy your posts long time Mr Parry, you always seem to be having a happy ending maybe along with Luke Skywalker and any other Asiana dwellers on this forum, we should establish a new recession indicator for SE Asia.... Ho Price Crash.... incidentally, i'm back in Blighty for my annual two week pilgrimage, so on sunday went to see the Arsenal play a pre-season friendly at their plush, new stadium. Minimum 30 quid entrance fee yet 54,000 people turned up to watch a fairly meaningless trouncing of Glasgae Rangers. Recession! What recession?
  2. The Lee Kuan Yew dynasty that rules Singapore maintains adherence to a strict version of UK law, similar to Malaysia that utilizes UK case law if their own is insufficient. Where Singapore veers into fascist dictatorship is by the application of civil law against any opponents/dissenters. It is standard procedure to sue the pants off of any detractor, thereby bankrupting them or tying them into legal battles against a state supported apparatus. Malaysian law is much simpler as the separation of powers was effectively removed under the Mahathir regime so nowadays, law is what the Executive/UMNO (ruling party) say it is. However, despite the democratic failings of both countries (and unbridled dislike of each other - something that makes anglo-french relationship something of a love in), it is worth taking a look at the free-trade zone that has been established between Singapore, southern-Malaysia and the Indonesian islands of Batam and Bintang. With Singapore's ownership of the entire process, IPR and business transactions (including possibly the world's most transparent, fair and fast business law system), Malaysia's impressive and well equipped manufacturing capability and cheap energy, allied to Indonesia's inexhaustible supply of very cheap labour and exceedingly lax employment law (life is very cheap), this, for me, is likely to be the most agile, quickest to respond and hence the fastest growth region in the world. Also, you can enjoy all the delights available to Mr Parry without the (justifiable) stigma of living in Thailand.
  3. get both flats in good condition and ready to sell if buyers offer above your break-even price, sell if not, rent them both out go and study overseas for three years - many countries offer a far cheaper cost of living and now that most study/literature is 'e-enabled' you have much greater flexibility. if you choose a non-english speaking country, plentiful work will exist for english language teachers - i know quite a few people that have been through experiences similar to yours and are having a good life by doing this. after three years, adjust plan accordingly good luck whatever path you choose
  4. Left permanently to Malaysia about three years ago. Happy living here although was also happy living in London, but must say that my quality of life (not necessarily standard of living) is better here. For those back in the UK that decry us for 'abandoning' the country, try to see it another way by remembering some of our historical figures; Walter Raleigh, James Brooke, Stamford Raffles, Dr Livingstone, Captain Cook - we've always been a nation of explorers and who knows, by us venturing out on your behalf, we may actually be able to bring benefit back to the UK. We may even, for example, let you know that you're being shafted up the jacksie back home......
  5. its not my sentiment that matters (which if you re-read my post is similar to yours), its the sentiment of the man on the street out here. Sadly Condi Rice and Colin Powell are considered 'tokens'. Please dont think i'm trying to condone the sentiment out here, actually its a pain in the **** to live with the perpetual self-pitying, the Obama win is the sweetest antidote, or a '...now shut the f**k up' magic bullet
  6. yep, and we're all going to die one day....how futile everything is
  7. Despite the nay sayers, doom-mongers and paranoid (of which this thread has exposed a worrying number, along with the xenophobic, bitter racists), part of the positives of Obama's win are already manifest where i live in muslim majority Kuala Lumpur. The consensus on this thread is that one man is unable to bring much change to the dire economic straits we're now all in, which is true, but what the election of one individual has changed is sentiment. There is a palpable change in sentiment on the streets out here - most keenly felt by my american-jewish business partner - an instant removal of centuries of inferiority complex and resentment that the world's head honcho could only ever be a white man. More directly, it has challenged and shattered the ruling orthodoxy of the last remaining apartheid regime on the planet, as Malaysia is. The 40-50% of the population that are not muslim and as such believed they could never vie for the highest post in the land, as has been the case since independence, now have a new precedent (insert vomiting emoticon). It doesn't matter that Obama will likely screw it all up - whoever is elected seems to - in many ways its better that he does make a pig's ear of it, as it will prove the point that actually there is no white man's conspiracy to forever hold non-whites in shackles and this is the great gift that american democracy has delivered today. This change in sentiment may be the only thing that halts the plunge into the economic abyss, we may now have a world that is more prepared to embark on joint-venture projects together (gas hydrates would be a good start) and expand the economic cycle. Whichever way, as at least one of america's financial testicles is now held in asian hands, a friendly, open, non-neo-con can only benefit us all.
  8. well done Barack, well done US democracy, good luck to all of us. Whatever else it is, its a brave new dawn
  9. I've got two Zimbabwean lodgers staying with me (in Kuala Lumpur) at the moment, both of their families continue to live in Zim. They describe that if available, sizeable transactions are carried out in whatever alternative currencies are available - USD, euro, sterling etc, even if payment/consideration is in the future, i.e. they will agree the purchase of a car at $1000 US and payment over a period of time is made in US$, totally circumventing Zim $. Should they happen upon a large amount of Zim$ (say payment of government contract), they immediately spend it on building projects/new house/extension as this converts the rapidly dwindling Zim$ into tangible asset. On this basis, expect to see new buildings popping up all round the UK soon.
  10. A team! for phoning eight people, asking for a reasonably uncomplex number (say 2.4983), ignoring the biggest and the smallest and then averaging the six remaining numbers..... a team! And they have a substitute team in case the calculation gets a little tricky. Dilbert meets David Brent. A four year old chinese kid with an abacus could do this. God help us.
  11. Hi Noel, i'm not from a financial background, so would appreciate your thoughts on what this means for the financial markets. Clearly $300mill is not a large amount, but i'm guessing its the impact of re-rating their grade that is of importance. can you spare a few words of explanation please? ta in advance
  12. a 'vortex' sounds like fun....conjures up plugholes
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