Sekisui retractable clothes drying rack

I just bought a modern looking Sekisui retractable clothes drying rack (model no. SFU-300WB) cash and carry for RM300 from their new showroom in Bandar Puchong Jaya.

Despite being made in China, it is a product of the Japanese Sekisui Jushi Corporation (积水树脂株式会社) which is said to have more than 50 years of establishment and pretty famous in Japan.

This Sekisui SFU-300WB retractable clothes drying rack is suitable for landed house, and can be extended from retracted length of about 4.5 feet until up to about 8 feet. When fully extended, it can hang quite a lot of clothes with its 3 hanging areas. It is very easy to assemble just by connecting the stainless steel rods together and tighten with the 6 screws provided in the packaging. It is pretty light weight (about 6kg) and easy to carry, its X-shape legs are foldable and can lean by the wall when not in use to save space.



It comes with 1 year warranty and said to be very durable which can last for many years at outdoor. It can bear up to 20kg of clothes.

Their Puchong showroom has other intersting models of clothes drying rack for landed house as well as highrise unit. For example, I found the SHO-300 model very interesting as it is transformable into different shapes. They also have indoor laundry racks, closet organizers, kitchen organizers and other products made on stainless steel rods.

Bursa Malaysia to reduce tick size effective 3 August 2009

There is a sudden news that effective 3 August 2009, Bursa Malaysia will reduce the structure of its tick size (minimum price variation between the stocks' buy and sell bid).

It is said that this move is to "in line with the current practice by global developed markets and more importantly, to create market depth, enable price discovery and boost liquidity in the local equities market."

This change will affect both the stocks as well as the equity exchange-traded funds (ETFs) listed in KLSE.

The new structure is as below:





I can foresee that the smaller tick size will make the price movement of stocks with higher price tend to be slower and more stable than before. It will be more difficult for them to hit a limit up or limit down, especially when the volume is high.

Perhaps there will be more counters going for split or bonus issue to lower down their stock price in order to maintain a lively price movement.

How will this impact on KLSE market sentiment? What will be the reaction of investors and traders? Soon we will be able to see.

World Top 10 Retirement Havens for 2009

The International Living magazine has produced a special report to introduce the World's Top 10 Retirement Havens for 2009.

Those selected are places that can offer us a lower cost of living and with a huge improvement in our quality of life.

Excerpt: "An overnight stay in a private hospital in Mexico for as little as $35...the world’s number one retiree program in Panama...the best value for you second home dollar in Uruguay...live in the lap of luxury on a pensioner’s budget in Ecuador...hire a maid for $120 per month and enjoy beautiful Caribbean beaches in Nicaragua...enjoy the convenience of speaking English and banking privacy in Belize...experience la pura vida in Costa Rica...discover why European expats have been flocking to Brazil...learn where to find the best health care system in the entire world—France...and finally, hear about la dolce vita (at affordable prices) in Italy. "

And the world's top 10 retirement havens for 2009 are:

• Ecuador - living large on little money
• Mexico - live right on the beach for pennies on the dollar
• Brazil - 5,000 miles of beaches, fantastic weather, stately colonial cities, and mountains with spring-fresh weather
• France - good food, good wine, haute couture, a good climate, unspoiled countryside, glittering culture, excellent health care, colorful traditions and history
• Panama - you will never find yourself bored
• Nicaragua - one of the most beautiful countries in the Americas
• Italy - beautiful sceneries and quality health services
• Costa Rica - tropical climate, modern cities, Caribbean beaches, Pacific coastline, rainforests, lush valleys, and mountains
• Uruguay - First-world infrastructure and Third-world prices
  
• Belize - living and doing business made easy

"Broaden your horizons and you can dramatically change the way you live—for the better. "

Click here to read the full report on World Top 10 Retirement Havens for 2009 and find out more about the beauty of those places.