By Salim Osman
MERAPI (CENTRAL JAVA) – ALMOST two weeks after the eruption of Merapi, several thousands among the more than 20,000 villagers who had been evacuated to safe shelters at the bottom of the 3,000m mountain are returning to their homes on its slopes to tend their livestock and crops.
This is despite warnings that the danger posed by the volcano has not passed.
It continues to spit lava, gas and clouds of ash.
They join other villagers who had refused to be evacuated when the authorities stepped up the alert to its highest level two Saturdays ago, before the eruption the day after.
The villagers’ action in the central Java province may seem like the fatalism of rural people everywhere, but it speaks of a deeper, buried layer of Hindu traditions among the people for whom the Islamic faith, though dominant, still remains a recent veneer.
The man who embodies these ancient traditions, which amount to Javanese mysticism, is 79-year-old Mbah Marijan, an elder in the Kinahrejo hamlet, just 4km from the crater.
Continue reading “Old mystic beliefs simmer on Merapi”
Common sense do’s and don’ts when the markets are volatile.
By Vijay Bhambwani
The recent crash in the markets has left players dumb founded. Most of the participants I talked to were shell shocked beyond the point of normal reactions. Obviously, nobody had a chance to offload long positions since markets opened “gap down”. There are lessons in it for us, so we do not relive history in the near future.
There are three aspects to a trade – identification of a trade, initiation of a trade and management of trade. Initiating a trade is the easiest part, you just call your broker and execute. The identification is slightly difficult. The management of a trade is the most difficult. Most traders shut their eyes after initiating a trade and leave things to fate – this is especially true in case the trade goes against them. The commonest mistake is to let a bleeding trade run till your margin account dries up and your broker squares up your trade. Money management is invariably the most important aspect of your trading strategy. Handling risk, threat to capital is where most traders are lacking.
The mantra to profitable trading was aptly put forward by commodity trader and best-selling author William F Eng, “Successful traders control risk, and when they cannot control it, they manage it”. Most of the players resort to leveraging of capital. While we initiate our trades with the concept of “going concern” assuming that we will make profits and continue to trade perennially, it makes sense to assess the downside potential first. Remember, in leveraged trades, profits and losses are magnified to the extent of leveraging. Most of the traders who lost money recently were those who built up excessive large trading positions. While “big” is a relative term, we must honestly assess our comfort level and trade within our own limits where we can trade in lots where the positions do not overwhelm us.
Continue reading “The crash: picking up the pieces”
Straits Times, May 21, 2006
Expressing concern over falling numbers, he urges more newbies to stand up in court to argue cases
By Elena Chong
MANY young lawyers do not want to stand up in court and argue a case, a cause of concern for the legal profession in recent years. Yesterday, the new Chief Justice weighed in, telling his audience of 202 lawyers admitted to the Bar, to consider litigation as their choice of practice.
Litigation lawyers perform an essential role to protect the rights of clients in civil cases and defending those charged with crimes.
‘In a legal world where the successful corporate lawyer is admired for his business acumen, it is the successful court lawyer who is held in awe for his forensic skills,’ said CJ Chan Sek Keong.
Continue reading “CJ to young lawyers: Take up litigation”
This is where I live…
Laguna Verde, Kowloon.
This is where I work…
Two International Finance Centre, Hong Kong.
This is how I get to work…
Star Ferry, Tsimshatsui
This is what I do on weekends…
Discovery Bay, Lantau Island.
DAMN SHIOK ASS!
Alamak! My good old hosting company Sphereosoft pulled the plug on me. Or rather, Pacific Internet pulled the plug on them because they didn’t pay money to Pacific Internet.
So all their servers were held hostage by Pacific Internet. A no-win situation for either.
For the curious, visit
Efforts to contact my old hosting company and emails to Pacific Internet have gone unanswered. Since I’m out of jurisdiction, I think too troublesome to sue. So I’ve shifted over to Swiftroute which is reputed to have a better track record and service standards. A little bit more expensive, but what you pay is what you get.
But money cannot compensate the fact that all the data from my previous blog is lost… ;(
This of course, doesn’t really matter, because very soon, I will be putting more information on this site.