Oobey.com 1st Anniversary Celebration

The VIP having casual chats. The second person from the left is Kenny the COO of Key Elite Sdn Bhd. I don't know who the others are, so don't bother asking me.
The VIP's getting ready to officiate the event with a click of a mouse.

Today I attended Oobey.com's 1st Anniversary Dinner which was held at Cititel Hotel @ Mid Valley. Was actually introduce to this company by Koh Pek, who was once my colleague when we were working with Genting Group. She happen's to be with this company now and thus extending an invitation to me.

For your information Oobey.com is a locally founded e-commerce company which sell gifts online, a local version and smaller scale of Amazon.com. Its managed by Key Elite Sdn Bhd, a subsidiary of CNI Holdings Bhd. For more info, kindly visit http://www.oobey.com/

Some of the Merchandise were on display at the event. A percentage of the sales proceed will be donated to the 2 orphanages that were invited to join the event.

Though the event wasn't that great, the food were so so, the presentation was lack of professional touch, I find the event to be quite meaningful as the company practices Corporate Social Responsibility(CSR) by inviting 2 Orphanages to join in the Dinner and presented some gifts to those cute little kids. I think this was one of the selling point which attracted a number of pressman do a coverage on this 1st Anniversary Party of this little start-up company. I guess these people are still pretty fresh to the world of technology or maybe they aren't that IT savvy as I notice the lack of video editing technology being used in its presentation. Anyway, I must still give credit to Key Elite Sdn Bhd team of people who share the same dream doing something different and work towards it.

Oobey's Birthday Cake. Happy Birthday Oobey

The VIP cutting Oobey's Birthday Cake

Life stops when you stop dreaming, so if you have a dream, try living up to it, no matter what people says about it, never ever give up. Happy 1st Anniversary Oobey.

Ex-Genting Group Staff: Myself, Koh Pek and Khian Sin

A tribute to Tan Sri Dato' Seri (Dr) Lim Goh Tong

Tan Sri Dato' Seri (Dr) Lim Goh Tong, the founder of Genting Highlands Resort and Genting Group pass away peacefully on the 23th of October 2007 at 11.20am local time at Subang Jaya Medical Center. He is survived by wife Puan Sri Lee Kim Hua, and their six children, namely Lim Siew Lay, Lim Siew Lian, Lim Siew Kim, Dato' Lim Tee Keong, Tan Sri Dato Lim Kok Thay and Datuk Lim Chee Wah.

I received the news shortly at 12pm, just right after a meeting at Digi's HQ, Shah Alam. The moment I received the news, I felt a sudden sorrowness flowing within me and my heart felt a little pain. Well he doesn't has any blood relation with me, but Tan Sri Lim Goh Tong has always been my source of inspiration, my idol and a good boss to me. His ability to foresee and build Genting Highlands single handedly is something worth admiring. The strange thing about Tan Sri is that he doesn't speak english or bahasa, nor does he has a bachelor in engineering or business but yet he is able to turn the virgin forest of Genting Highlands into an empire that is worth USD22 billion as of 22nd August 2007.

Having the opportunity to work with Genting Group's HR department 2 years back was really an honour to me. The working experience at Genting was an intense one, with dynamic and creative people from all walks of life working at the City of Entertainment. The good old days back at Genting has certainly allow me to understand the nature of Genting businesses and the founder of Genting Group much better. He may have left this world, but his legacy will stay on for years to come.

Tan Sri is a legend, a legend that has lived his life to the fullest, as Datuk Tan Chin Nam says, “At the age of 90, he had these four things before he passed away – health and longevity, the success of his children, companionship of his spouse and old friends. There is nothing else that one can hope for.”

Before I sign off this tribute to the late Tan Sri, let me leave you(my readers) with a malay proverb: Gajah mati tinggalkan gading, harimau mati tinggalkan belang; manusia mati tinggalkan nama.

Lets observed 1 minute of silence as a mark of respect to our beloved Tan Sri Dato' Seri (Dr) Lim Goh Tong, a.k.a Uncle Lim. You will always be the pride of Malaysia and the Chinese Community.

Being Wealthy isn't just a dream.

Wealth to many of us is merely a dream, something that is impossible to obtain. It's never easy to accumulate a substantial amount of wealth to be consider wealthy. If you have read of stories like those of Tan Sri Lim Goh Tong, Tan Sri Robert Kuok, Lee Kah Shing, and other tycoon around, these great enterpreneurs did not inherit their wealth. They are fine example of rags to riches. Its through sheer hardship that they experienced in their early days which makes them what they are today. It's never easy to accumulate wealth sufficient enough to match Robert Kuok networth, or at least to lead a live of financial freedom.

Recent survey show that its not difficult to accumulate wealth but preserving it is one of the toughies act. The Chinese has always believe that wealth never last more than 3 generation. This is especially true in most Chinese family, were the first generation may have accumulated a total wealth of RM10million, divided it equally to 3 of its children. Thus each son/daughter will inherit RM3.333 million each. Assuming that each of the 3 sons/daughters have their own family and further divided the wealth inherited into 3 portion equally, thus each portion will have exactly RM1.111 million(Note that this is already the 3rd generation). If the same were to be repeated, the those in the fourth generation will inherit RM370,000 each portion. This means that the 4th generation will no longer be a millionaire when they inherit the wealth. The scenarios were made with the assumption that inflation is ZERO and each generation does not spend the wealth they inherit. Assuming that the money were to be kept at a license financial institution, either through conventional saving account or fix deposit, with a current FD rate of 3.7% per annum, while inflation is well above 3.8%, the amount of money inherit actually shrink by 0.1% per annum.

Thus the actually amount pass on to the fourth generation might be well below RM200k only. With the growing number of people joining the million dollar club and billion dollar club, the rich and famous are beginning to worry on how they could preserved their wealth and avoid shrinking of wealth for the future generation. Well unless you have a pot of gold which constantly generate wealth like Tan Sri Lim Goh Tong's casino which help generate wealth daily at a unimaginable rate, you should be cracking your head, thinking of how you could ensure that your future generation life a wealth life like you do.

Ok so its all boiled down to wealth preservation. For the rich, wealth preservation comes in many form. Money are usually put intro different investment basket to reduce risk. Properties, Bond, FD, Saving, Stocks, Mutual Fund(Unit Trust) are some of the optional investment vehicle which not only help preserved their wealth but grow it over time too. However please take note that in an investment there will be risk attached with it.The high the return the high the risk and vice versa. For the poor like you and me, we only live on our monthly wage which is bearly sufficient as the cost of living esclate faster than our wage increment. However with prudent wealth management and right mentality you one day join the elite community. I'm not taking about lottery, or gambling in the casino where you can turn into an overnight millionaire but how to make your money work harder than you, and work for you even when you are sleeping or having a game of golf with an old pal.

Kindly take note that I'm not in anyway promoting or associated with any person, product, investment tools used to illustrated my point in the article above. Please make your wise decision with your own intellectual mind and decide whats best for yourself.

Want to be a millionaire? Why not aim higher and be a multi-millionaire instead? Well stay tune as I am gonna unleash a series of write up not only for your reading pleasure but to be practice as well.