Malaysia Sep CPO Output 1.56 Mln Tons; Up 4.1% On Mo – MPOB

Malaysia’s September crude palm oil output rose 4.1% from August to 1.56 million metric tons, the Malaysian Palm Oil Board said Monday.

Exports in September fell to 1.312 million tons from 1.317 million tons in August, MPOB said in its monthly report. Palm oil stocks rose 11.5% to 1.58 million tons at the end of September, the highest level since February

PALM oil futures may drop to RM2,000 (US$573) a metric ton if inventories pick up in September as production peaks, according to Dorab Mistry, director of Godrej International Ltd.

A tight supply situation will keep the commodity between RM2,100 and RM2,300 “for the next few weeks” until the data provided guidance, Mistry said, according to a presentation prepared for delivery today in Istanbul. If prices fell, that would be a “buying opportunity,” he said.

Preparation is everything to be successful.

Abraham Lincoln once said ‘If i had eight hour to chop down a tree, I would spend six sharpening my axe’

EPF declares 4.50% for 2008 compared to 5.80% in 2007

The Employees Provident Fund (EPF) has declared a dividend of 4.50% for 2008, lower than the 5.8% in 2007

Buffett was once asking his golfing partner this question”Do you know how much that is if you compound it over twenty years?”this happened after his wife Suzie spent$15000 on re furnishing their house.

When his wife decided to move to San Francisco to pursue on her singing career,Buffett was devastated,but they have never divorced,still go on vacations together,and she accomponies him to important gatherings.He has a girlfriend,Astrid Menks,whom Susie already knew,and the three of them apparently function in this unusual situsation as ifwere totally normal.Buffett’s great DISLIKE is change,and as with the companies  he invests in,the poeple around him are ‘for keeps’-Roger Lowenstein

Luck happens to those who greatly increase the chance of its occurrence.Life seems to require whatever we do,do it to our utmost.Even we do not likewhat we are doing at the moment,we must do it to our best ability before we have the chance to move to the next phase of our life.

The size of success is measured by the size of your belief

“The world does not demand that you be a lawyer,doctor,minister,farmer,businessperson,scientist,or any other jobs,it does not dictate what you shall do,BUT it does require you to be a MASTER in whatever you undertake”

Success requires a concentration of effort.Most people disperse their energies over too many things and so(most and majority of the time)fail to be outstanding in anything.To be successful,like it or not we should always have higher aims and goals and doggedly pursue their realization.One can argue that it still will not guarantee success,but at least we are guaranteed that we are moving into the right path,maybe only the time taken by each individual will varies according to their effort and sometimes ,luck!

Wise words

Hard work : All hard work brings profit; but mere talk leads only to poverty.

Laziness : A sleeping lobster is carried away by the water current.

Earnings : Never depend on a single source of income.

Spending : If you buy things you don’t need, you’ll soon sell things you need.

Savings : Don’t save what is left after spending; Spend what is left after saving.

Borrowings : The borrower becomes the lender’s slave.

Accounting : It’s no use carrying an umbrella, if your shoes are leaking.

Auditing : Beware of little expenses; a small leak can sink a large ship.

RESULTS

“The game of life is the game of boomerangs. Our thoughts, deeds and words
return to us sooner or later, with astounding accuracy.” — Florence Shinn

“There are some things you don’t have to know how it works – only that it
works. While some people are studying the roots, others are picking the
fruit. It just depends on which end of this you want to get in on.” — Jim
Rohn

“As I grow older, I pay less attention to what men say. I just watch what
they do.” — Andrew Carnegie

“The content of your thoughts and personal beliefs can be proven by a
single indicator – your current results.” — James A. Ray