Ahead of its time: Malaysia's futures exchange is going nowhere fast

Article Abstract:

The fully automated Kuala Lumpur Options and Financial Futures Exchange (Kloffe) has been quiet since its launch in December 1995, and many of the 40 brokers licensed to operate on the exchange are losing money. There is a lack of awareness of the concept of Kloffe's futures contracts tracking the 100 stock Composite Index of the Kuala Lumpur Stock Exchange, with many investors favouring conventional stocks. Only 1% of trading comes from large domestic institutions, although the Kloffe does offer attractive incentives such as lower commission and flat rates for two way trade. It also has some powerful backers and enough money to sustain it for at least a further two years.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Stock-exchange, Stock exchanges, Exchanges

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Penny foolish: Malaysia reconsiders its generous energy policy

Article Abstract:

The Malaysian power utility that keeps profit to a minimum by reducing utility rates when the utility's costs go down which has backfired because now it needs to raise the rates only .8 cent-per-unit but politics has prevented approval. The new government was unwilling to chance public disapproval when the issue drew consumer complaints and so delayed the increase until a rate study could be performed. This action has discouraged investors, already concerned about payments to independent power producers and so the utility's value has dropped along with the government's 71% share.

Prices and rates, Energy policy, Public utilities

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Into high gear: Malaysia plans to launch national motorcycle

Article Abstract:

A Feb 7, 1995, memorandum of understanding indicates that Malaysia's Diversified Resources Bhd. and Japan's Kawasaki Heavy Industries and Nissho Iwai will be making Malaysia's first national motorcycle. The national label suggests that the venture will receive tax privileges and import-duty relief. This will help Kawasaki win a big market share. Malaysia's Hong Leong Industries, Kah Motors and Angkasa, all motorcycle assemblers, are preparing for the competition.

International trade, Contracts, Motorcycles, Kawasaki Heavy Industries Ltd., Diversified Resources Bhd.

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