Money Falls From The Sky Essay

August 7, 2017 Accounting

It was a all right Friday afternoon on June 8. 2012 but Afiq Firash was still startled by the eighteenth birthday gift that he received from his female parent last dark. It was a salvaging history book of Tabung Haji demoing a balance of RM25. 000 and a brief note “Happy birthday sweetie. Treat the money good and it might even pay for your degree” written on the birthday card. To Afiq Firash. this message is a clear indicant that his female parent had agreed to allow him prosecute a minor-degree in Islamic Financial Engineering ( IFE ) in a esteemed university in UK. He had already secured a scholarship for an Accounting grade at the same University. but scholarship would non cover the extra tuition fees and populating costs of his 1 twelvemonth stay at the university to achieve the minor grade in IFE. He estimated that it would affect an extra cost of RM40. 000.

HOW WOULD THE MONEY GROW?
Not cognizing how precisely he should turn the money. Afiq Firash contacted his cousin ( Rauf ) who is an applied scientist with an oil and gas company in Sabah for advice. Without vacillation. Rauf suggested an IPO ( initial public offering ) of Felda Global Venture Holdings ( FGVH ) . which wass already opened for subscription since 31 May 2012. Right after the phone call. Rauf sent electronic mails on some information about the company that he had collected for his ain usage. He told Afiq Firsah that he had submitted a subscription for 10. 000 units under his ain history and 5. 000 more on his wife’s. ATTACHMENTS FROM RAUF’S EMAILS

Prospects in Palm Oil Industry
The oil thenar tree. besides known by its scientific name Elaeis guineensis. is a type of tropical works that bears oil thenar fruits. Each oil thenar fruit comprises a difficult shell known as the stone. a hempen oil-bearing outer bed known as the mesocarp. and a individual seed ( nut ) or kernel which is rich in oil. Oil thenar fruits grow in Bunches known as fresh fruit Bunches ( FFBs ) . and are crushed. fractionated and refined to bring forth two types of oils: thenar oil and thenar meats oil ( PKO ) . Palm oil ( obtained from the mesocarp ) and PKO ( obtained from the meat ) have different chemical belongingss. and are utilized in a broad assortment of nutrient and non-food applications.

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Throughout the old ages 2007 to May 2012 ( Figure 1 ) . mean one-year universe monetary values of CPO and CPKO have mostly moved in tandem with one another. with CPO entering the lowest monetary values at RM1. 553 per ton in August 2008 during the 6-year period being observed. From at that place. the palm oil monetary value bit by bit increased until it reached highest monetary value at RM3. 801 per ton in February 2001. After that. the monetary value beads once more before it bit by bit increases after September 2011. Generally. CPO and CKPO monetary values are influenced by the handiness of supply which is affected by factors including replanting forms. conditions conditions every bit good as plague and harvest diseases. Additionally. the market forces plays their function. viz. economic conditions. alterations in regulative conditions every bit good as pricing and handiness of other types of replacement veggie oils. These factors cause monetary values of CPO and CPKO to exhibit a cyclical growing tendency historically.

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