Philip Chua Business Blog

Posts Tagged ‘Asian’

ASIAN bourses were trapped in a narrow range of trading yesterday, with investors adopting a wait-and-see approach as the greenback stabilised against the region’s currencies.
Blue chips did their best to rally – and they did manage to get the benchmark Straits Times Index (STI) up by 13.75 points to 2,758.79 – but other Asian markets were mixed.
China’s Shanghai Composite Index rose by 0.53 per c… more

ASIAN markets staged a surprise comeback yesterday following sharp falls on Monday.
Taking heart from overnight gains on Wall Street, the benchmark Straits Times Index (STI) added 34.06 points, or 1.3 per cent, to 2,663.31.
Other markets fared well as well, with Hong Kong and Taiwan markets chalking up gains of more than 2 per cent.
Only mainland Chinese markets bucked the trend, as investors took… more

ASIAN stock markets were in the red yesterday as investors doubted whether equities would be able to continue their incredible bull run for much longer.

Even a better-than-expected United States housing market report and small gains on Wall Street – the Dow Jones Industrial Average added 0.36 per cent to reach its highest level since November – failed to inspire much buying here.

The benchmark… more

ASIAN economies may be leading a global recovery, but that rebound may be more fragile than it looks, a leading economist has warned.

Countries such as China should aggressively make structural reforms in areas such as health care and education if they are to sustain growth in domestic demand, Morgan Stanley’s chief economist for India and Asean, Mr Chetan Ahya, said yesterday.

Although policy… more

ASIAN economies appear to have turned the corner from the global recession and should be able to double next year the anaemic growth rates they are expected to post in 2009, the Asian Development Bank (ADB) said yesterday. But it warns in its latest Asia Economic Monitor that the road to full recovery is strewn with hazards.
The biggest single threat to continuing recovery identified by ADB report… more

ASIAN currencies were little changed yesterday, after the US Federal Reserve signalled a tightening of monetary policy to prevent inflation from accelerating. The Korean won traded at 1,249.4 per US dollar in the afternoon from 1,250.1 a day earlier, after touching 1,239.38 – the strongest level since June 4.
The Philippine peso declined more than 0.2 per cent to 48.045. Malaysia’s ringgit and the… more

ASIAN markets rallied for a fifth straight day, as traders made huge bets that the reporting season will deliver some bumper earnings surprises.
In Singapore, the benchmark Straits Times Index (STI) soared to its best closing level for the year, after soaring 25.19 points to 2,456.15.
With its latest gains, the STI has now surged closed to 1,000 points since bottoming out at 1,456.95 on March 9.
… more

Dear friends,

Thank you for visiting my new Blog. My previous blog at http://philipchua28.blogspot.com/ will no longer be updated and please bookmark this Blog Page for my future blog entries…. Managed to extract all previous Blog entries into this new Blog.. Kindly note that my First 05 Blogs dated 22 June are extracted from my previous Blog. Thanks…

By the way, I have recently built a Wealth Mastery Membership Site to help people to improve their financial intelligence and to achieve Financial Independence upon retirement. If you wish to be enlisted in this membership program, kindly click on the “Magic Button” on my Personal Page and I will bring you there! Thank You!

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I have been asked many times to start my blog.. Here it is.

First, I will like to share a coaching experience with my mentor, Mr Dave Chong many years ago when I first started out as an insurance agent with AIA.

It was 1998, where Asia was facing one of its worst crisis- Asian Currency Crisis. During those times, there were also lots of retrenchment going on and many people were badly affected by the crisis as it is now happening again in today environment.

During one of the coaching lesson, he handed me the following words in a laminated paper and asked me to carry with me as long as I can till the message is entrenched deeply into my subconscious mind.

“I BECOME WHAT I THINK MOST OF THE TIMES”

I’m glad I did and that helped me not just to survive the Asian Crisis then, but I excelled in my insurance business indirectly as a result of that. To know more about this great and wonderful mentor of mine, check out his website at www.davechong.com.

Since then, I never looked back and upgrade myself continuously to become a full fledge professional financial consultant. I will always thank him for the difference that he had made in my life…

The level of Wealth that we have achieved in our life is truly a reflection of our inner thoughts and our belief system. We cannot achieve what we do not perceive in the inner thought.

Most people started out their first career with great ambitions and aspirations to succeed big, but most people also ended up achieving lesser of what they can achieve, due to limited belief system, negative peer influence and lower motivation factors as life journey proceeds.

My Mentor used to tell me:”In life, don’t just find friends, but find a great mentor as well”

If you want to achieve great result in what you are currently doing, go find yourself a great mentor whom had already succeeded in that arena and ask him to coach you. In life, we either learn from our own mistakes or we learn from other people’s mistake.

Success is a journey, not a destination.

Find passion in what you are doing, and most likely, you will find success.

The difference between a successful person and others is not a lack of knowledge, but rather a lack of will.

~ Vince Lombardi

Once, I have a colleague who once told me that she does not need any motivation… Guess what was in my mind when I heard that?

To me, she is somebody who has great potential to achieve big in her career, but due to low motivation factor, she is just getting by today.

Always ensure that you read a motivation book or listen to an audio series to keep your own motivation high so that your will to achieve your dream and goal is always there. You can go to my web site www.philipchua.com and subscribe to the 30 days Inspirational and Motivational quotes. Those are some of my favourite subconscious powerful messages that had been with me for many years…

Most importantly, before you can find Wealth, master the skill in your own financial planning.

A lot of people are concerned about retrenchment nowadays… Are you?

Do you know what can be worse than retrenchment?

It is when you are being retrenched, and yet you are faced with a huge medical bill and realised that the company medical program that used to cover you and your family is no longer there when you need it most.

In my life of business, I have witnessed many individual life time savings wiped out just by one major illness, and that can be a great burden not just for that individual, but also for the family as well.

Do not let yourself fall into such a situation. Always ensure that your financial plan in term of Wealth Protection is adequate and up to date at all times. Do consult your financial consultant if necessary.

Ok, that ends my first Blog…

I will talk to you again

Sincere Appreciation,

Philip Chua, ChFC CFP FChFP
IARFC AMC B.BUS (Hons)

Mobile: +65-9748-4828

http://www.philipchua.com/

Twitter Me @phichua