Who would have thought, Lehman Bro, the biggest investment bank in the US, would have filed for bankruptcy. It seems however, that the 158-year financial behemoth became the victim of the financial turmoil.

Huge funds, especially in the Middle East are 'literally' sitting on their cash and prefer to make investments closer to home including East Asia and India. Everyone is watchful on their money.

The filing was named as the largest ever filing ever made and of course, feel free to Google on Chapter 11 (because I'm lazy to do so, thanks!). And the move was due to some issues due to mortgage and real estate.

Analysts say that this is not the time to suffuse money into financial institutions. This may be a great time to make investments as those made by Temasek and Government of Singapore Investment Corporation. But yeah, everybody is watchful over the world economy right now.


Hence, the dilemma of the day: Should I or shouldn't I buy a pair of shoes, which I have stared at for months? It's selling for half price. I don't really need it but I can wear it to office on Fridays. Should I or shouldn't I just follow Qatar Investment Authority (QIA) advisor's words to 'sit on my money'?

Making decisions are definitely not my strongest point.

On another note, Kapasitor.net has been shortlisted. Check this out:

Congratulations again for being shortlisted in our prestigious Award!

We are pleased to inform you, that the MSC Malaysia APICTA 2008 Awards Presentation Ceremony will be held on Wednesday, 15 October 2008 at Kuala Lumpur Convention Centre .The patron of MSC Malaysia APICTA, YAB Dato’ Sri Abdullah Hj Ahmad Badawi himself will be gracing this auspicious occasion as the Guest of Honour together with the Minister of Science, Technology and Innovation, YBhg Dato’ Dr. Maximus Johnity Ongkili.

The results of the Awards will only be announced during the Awards Presentation Ceremony.

Alhamdulillah.