Cops Pay RM24m To Lease 2000 Cars For 6 Months

KUALA LUMPUR (June 19. 2008): Police investigation officers (IOs) will be required to respond to crime cases within 30 minutes upon receiving a distress call with the delivery of 2,000 cars leased specially for the purpose of investigations.

Federal CID director Commissioner Datuk Mohd Bakri Mohd Zinin said with the Proton Waja cars from Spanco Sdn Bhd, there should be no more excuses from IO's about having difficulty getting to crime scene due to the lack of vehicles.

He said currently response time for patrol cars to a distress call is five minutes.

Today, at Spanco's headquarters in Gombak, he launched the use of the IOs' cars and took delivery of the first batch of 1,100 of the vehicles.

Bakri said the cars would be distributed to state and district police nationwide for the use of IOs attached to the CID, Commercial Crime, anti-narcotics and traffic divisions.

He urged those given the use of such cars to take good care of the vehicle and to ensure it is roadworthy at all times.

"The car is not for personal but official use only. I urge those entrusted with it to also economise on fuel when driving, especially at a time when petrol prices have skyrocket," he said, adding the maintenence of the vehicles will be undertaken by Spanco.

Mohd Bakri said the cars are embossed with police logos to deter the vehicles from being misused.

He thanked the government for the funding of the car lease which was allocated in last year's national budget.

Although he did not say how much it will cost, sources said the lease is said to be at RM2,000 per car or RM24 million for the 2,000 cars for six months. Spanco is a company awarded contracts to lease vehicles to government agencies and departments.

Spanco chairman Major General (Rtd) Datuk Osman Mohd Zain said the police force was their biggest clients with the latest procurement. He said another 1,300 cars would be provided to the police in the near future.


Comments:
RM2000 per month for a car? What car are the police taking??
The amount is just too high and way above what average people is having for monthly car installment. Is this contract being awarded through open-tender? What about the petrol? Is this really worthwhile?


The Sun: Cops Pay RM24m To Lease 2000 Cars For 6 Months

Buying and Selling Signal

This article by Ooi Kok Hwa, an investment adviser and managing partner of MRR Consulting, tackles some basic skills needed to detect the buying and selling strength of a stock price.

THE price movement of a stock is dependent on the demand and supply of the stock, which in turn is influenced by the buyers’ buying interest and the sellers’ selling interest.

Every buyer or seller has different purposes when entering into a trade. The followings are general “rules”, which provide us with some hints on whether the stock price will probably go up or down.

Investors should not view these “rules” as a foolproof method that will hold true all the time. There are certain occasions that market manipulators might be using these “rules” to mislead the general public.

Rule 1: Buyers are showing small orders and sellers are showing big orders. However, the stock prices are holding quite well – buy signal.

When we want to purchase a stock, we will call our remisiers to check on buying or selling orders on the stock. A lot of selling orders with only a few buying orders on the stock may imply that the stock price would come down.

However, if the stock prices are holding quite well, it could mean there are some net buyers accumulating the stock.

The reason for this is buyers may refuse to show their buying orders to attract sellers to sell at the buyers’ buying price.

Showing high buying orders may delay selling interest, as sellers will wait for the buyers to buy at their selling price. Hence, it is a “buy” signal if we notice the above rule on any stock.

On the other hand, if buyers have big orders and sellers have small orders while the stock price continues to drop, it might be a “sell” signal that this stock has some big sellers that are not willing to show their selling orders but they need to sell the stock now.

Showing big selling orders may cause panic on the stock. Hence, to sell at higher prices, sellers will try to hide their selling orders.

Logically, if a stock has a strong buying interest, the stock price should go up instead of come down. Hence, the weakening stock price may imply that sellers outnumber buyers.

Rule 2: The overall market is weak but your stock price is moving against the overall market trend – buy signal.

In a down market, if a stock that you own is inching up steadily despite the overall weak stock market sentiment, this may imply that there are some net buyers on this stock.

We view this as a “buy” signal where buyers are eagerly accumulating the stock in spite of the weak market. In most instances, the stock price will move higher the moment the overall market sentiment recovers.

In contrast, if the overall market is moving up but your stock is being beaten down, it is a “sell” signal. Normally, insiders are aware of certain crucial bad news that is still not available to the market yet.

Rule 3: Stocks carry a lot of bad news and are trading at high volume but stock price remains stable – buy signal.

Sometimes a certain stock is facing huge bad news but the stock price is holding on quite well. Normally, it may imply that buyers are not worried about the market concerns on this stock. The current stock price may have discounted all the bad news.

In contrast, if a stock, despite having all the good news in the media, continues to see its price decline, this is a “sell” signal that shows there are certain sellers who have some concerns over the stock, but the overall market is still not aware of the news.