KUALA LUMPUR (Nov 7): Prime Minister Tan Sri Muhyiddin Yassin is optimistic that the country's economy will continue to grow under Budget 2021, which spells out many extraordinary incentives, as well as creates many new job opportunities.

He said almost RM28 billion of the RM322.5 billion total budget was allocated in the form of subsidies and incentives, among others, making Malaysia a major destination for foreign investment, as well as generating employment opportunities for locals.

“Subsidies are important so that we can determine the target groups such as farmers, fishermen, smallholders, as well as rubber tappers, and the informal sector to continue doing business.

"The measures that we have taken (under stimulus packages) have given some relief, where almost 11.6 million people who have received assistance will continue to be assisted.

“Besides that, our economy is expected to grow so that employment opportunities will not be affected," he said in a special interview on Astro Awani which was telecast live tonight.

NEW YORK: US small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority.

Technology century. Tech world nowadays

Bank Negara will also establish High Tech Facility (HTF) worth RM500 million to support SMEs in high-tech sectors and RM110 million will be increased in allocation for the Micro Enterprises Facility (MEF).

As the high tech sectors and innovation-driven firms are instrumental in realising new growth opportunities, the HTF aims to sustain Malaysia's competitive positioning in global value chains and safeguard high-skilled jobs.

JENDELA — the National Digital Network Initiative — is a crucial investment to fill the connectivity void — PM
Bernama
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Bernama

November 07, 2020 21:30 pm +08
-A+A
JENDELA — the National Digital Network Initiative — is a crucial investment to fill the connectivity void — PM

KUALA LUMPUR (Nov 7): The diverse scope of tax reliefs provided by Budget 2021 will help maintain existing investments and also attract new digital investments which will benefit the people, the Malaysia Digital Economy Corporation (MDEC) said.

Chief executive officer Surina Shukri said this would further boost MDEC-focused areas such as catalysing Industrial Revolution 4.0 (IR 4.0), digital creative content (DCC) and drone technology as well as instilling confidence to attract continued investments in its bid to strengthen Malaysia’s position as the Digital Pulse of ASEAN.

“MDEC will support business digitalisation efforts including supporting automation and modernisation activities under Budget 2021 such as Small and Medium Enterprise (SME) Digitalisation Grant Scheme and Automation Grants, SME digitisation initiatives, Shop Malaysia Online and agricultural sector empowerment such as the e-Satellite Farm programme,” she said.

She said the provision for the transition of existing workforce talent would enable MDEC to continue its initiative to provide digitally skilled talent for employee marketability and job matching.

Surina said MDEC would continue to work closely with ministries and strategic partners to support computer and digital technology graduate programmes at Premier Digital Tech Institutions (PDTIs) and other skills institutes.

“This year, MDEC has also organised the #MyDigitalworkforce Week which saw more than 10,000 applications submitted and they are ready to fill job opportunities that require digital technology skills,” she said.

Meanwhile, MDEC chairman Datuk Wira Rais Hussin Mohamed Ariff said MDEC welcomed the RM100 million allocation to facilitate the transition of existing workforce talent to meet the needs in the expanding information and communications technology industry.

“Currently, digital economy-related companies need to take the opportunity to grow their business more innovatively and offer solutions based on the new norms needed by the people and business amid a highly uncertain environment.

“MDEC is confident that the strong foundation that has been built, including the digital economic framework, will provide the resiliency that the country needs at this time in driving economic growth as well as caring for the people,” he added.

Govt providing impressive incentives for investors over next two years to attract investment — PM Muhyiddin

Demand is too great, share price continues to surge., traders left behind will be very upset

Unavoidable, next week boom probably

Covid-19: CMCO will be enforced in Kuching district from Nov 9-22 — Uggah

KUALA LUMPUR (Nov 7): The National Security Council (MKN) is assessing whether to impose a Movement Control Order (MCO) throughout Sabah in view of the continuously high number of Covid-19 cases being recorded daily.

Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob said MKN and the Health Ministry (MOH) are expected to table and announce a decision on the matter on Monday.

"Almost all districts in Sabah have been declared red zones ... we have been asked by the Prime Minister [Tan Sri Muhyiddin Yassin] to hold a special technical committee meeting to make a thorough study in determining the standard operating procedures (SOP) and its impact from various aspects.

"If we were to reintroduce the Movement Control Order (MCO) all over again for example, a new SOP will have to be reintroduced and its implementation must be according to MOH guidelines," he told a press conference on the development of the Recovery MCO (RMCO) here today.

Meanwhile, when asked to comment on individuals who breach the inter-state travel ban during the Conditional MCO period, Ismail Sabri said the police would be instructed to tighten control at roadblocks.

https://selangorkini.my/2020/11/pkpb-di-selangor-kl-putrajaya-disambung-sehingga-6-dis/?utm_source=dlvr.it&utm_medium=facebook&fbclid=IwAR1pT9hwd1Ml14ITLjnDSelcfjAU-a3t9UoDLPe8q9bd_LjOEk-i_A6u_k0

Comment from another forum elsewhere :)


you will be the next vivocom......hoot gao yi.....cmco again.....

Jagdev noted that Budget 2021 provides tax incentives to encourage manufacturing businesses to relocate to Malaysia, including a concessionary tax rate of 0-10% for 10 years to selected businesses in the service sector that has a significant multiplier effect to the Malaysian economy.

Sectors related to Industrial Revolution 4.0 and digitalisation and manufacturing remain as the core of the overall business ecosystem, hence, it was timely for the government to introduce a game-changing incentive package, he added.

A guy from another forum stated regarding netx Based on graphic or technical analysis ...


Already break downtrend line..take care of your risk..reward % still there

KUALA LUMPUR (Nov 7): The diverse scope of tax reliefs provided by Budget 2021 will help maintain existing investments and also attract new digital investments which will benefit the people, the Malaysia Digital Economy Corporation (MDEC) said.

Chief executive officer Surina Shukri said this would further boost MDEC-focused areas such as catalysing Industrial Revolution 4.0 (IR 4.0), digital creative content (DCC) and drone technology as well as instilling confidence to attract continued investments in its bid to strengthen Malaysia’s position as the Digital Pulse of ASEAN.

“MDEC will support business digitalisation efforts including supporting automation and modernisation activities under Budget 2021 such as Small and Medium Enterprise (SME) Digitalisation Grant Scheme and Automation Grants, SME digitisation initiatives, Shop Malaysia Online and agricultural sector empowerment such as the e-Satellite Farm programme,” she said.

She said the provision for the transition of existing workforce talent would enable MDEC to continue its initiative to provide digitally skilled talent for employee marketability and job matching.

Surina said MDEC would continue to work closely with ministries and strategic partners to support computer and digital technology graduate programmes at Premier Digital Tech Institutions (PDTIs) and other skills institutes.

“This year, MDEC has also organised the #MyDigitalworkforce Week which saw more than 10,000 applications submitted and they are ready to fill job opportunities that require digital technology skills,” she said.

Meanwhile, MDEC chairman Datuk Wira Rais Hussin Mohamed Ariff said MDEC welcomed the RM100 million allocation to facilitate the transition of existing workforce talent to meet the needs in the expanding information and communications technology industry.

“Currently, digital economy-related companies need to take the opportunity to grow their business more innovatively and offer solutions based on the new norms needed by the people and business amid a highly uncertain environment.

“MDEC is confident that the strong foundation that has been built, including the digital economic framework, will provide the resiliency that the country needs at this time in driving economic growth as well as caring for the people,” he added.

Traders yang miss the boat sungguh bitter. Kesian

~530m shares traded dalam 3 hari je. next week harga melambung lagi tinggi fingers crossed

Too strong the tsunami in volume, traders yang negatif rugi saja :). Big Dana sapu, tiada dapat stop it

Date Close Volume
06/11/2020 0.14 210,315,400
05/11/2020 0.125 157,969,200
04/11/2020 0.115 170,114,300
03/11/2020 0.10 22,745,700
02/11/2020 0.10 15,774,400
30/10/2020 0.105 8,089,700
28/10/2020 0.12 653,000
27/10/2020 0.12 3,567,700
26/10/2020 0.115 2,413,300
23/10/2020 0.12 3,333,300
22/10/2020 0.13 6,231,200
21/10/2020 0.13 8,978,900
20/10/2020 0.14 4,131,700
19/10/2020 0.14 7,777,700
16/10/2020 0.14 7,777,700
15/10/2020 0.15 3,656,000
14/10/2020 0.15 14,174,900
13/10/2020 0.16 3,426,000
12/10/2020 0.155 13,841,200

KUALA LUMPUR (Nov 7): The diverse scope of tax reliefs provided by Budget 2021 will help maintain existing investments and also attract new digital investments which will benefit the people, the Malaysia Digital Economy Corporation (MDEC) said.

Chief executive officer Surina Shukri said this would further boost MDEC-focused areas such as catalysing Industrial Revolution 4.0 (IR 4.0), digital creative content (DCC) and drone technology as well as instilling confidence to attract continued investments in its bid to strengthen Malaysia’s position as the Digital Pulse of ASEAN.

“MDEC will support business digitalisation efforts including supporting automation and modernisation activities under Budget 2021 such as Small and Medium Enterprise (SME) Digitalisation Grant Scheme and Automation Grants, SME digitisation initiatives, Shop Malaysia Online and agricultural sector empowerment such as the e-Satellite Farm programme,” she said.

She said the provision for the transition of existing workforce talent would enable MDEC to continue its initiative to provide digitally skilled talent for employee marketability and job matching.

Surina said MDEC would continue to work closely with ministries and strategic partners to support computer and digital technology graduate programmes at Premier Digital Tech Institutions (PDTIs) and other skills institutes.

“This year, MDEC has also organised the #MyDigitalworkforce Week which saw more than 10,000 applications submitted and they are ready to fill job opportunities that require digital technology skills,” she said.

Meanwhile, MDEC chairman Datuk Wira Rais Hussin Mohamed Ariff said MDEC welcomed the RM100 million allocation to facilitate the transition of existing workforce talent to meet the needs in the expanding information and communications technology industry.

“Currently, digital economy-related companies need to take the opportunity to grow their business more innovatively and offer solutions based on the new norms needed by the people and business amid a highly uncertain environment.

“MDEC is confident that the strong foundation that has been built, including the digital economic framework, will provide the resiliency that the country needs at this time in driving economic growth as well as caring for the people,” he added.

KUALA LUMPUR (Nov 7): Budget 2021 has been seen as bringing hope to small and medium enterprises (SMEs) and e-commerce startups.

In a statement, homegrown apparel brand Oxwhite founder CK Chang said the Budget is quite a comprehensive plan as it will help drive Malaysians further in the adoption of e-commerce through connectivity enhancement such as Prihatin Connectivity Plan (Program Jalinan Prihatin) and National Digital Connectivity (JENDELA).

He said the Budget also helps homegrown brands such as Oxwhite cushion the impact of the global pandemic by incentivising Malaysians to support local brands online through the RM150 million allocation for Shop Malaysia Online campaign.

“On top of that, the RM35 million allocated for the promotion of local products and services would be beneficial for the local e-commerce players to remain competitive as retail patterns shift online,” he said.

Meanwhile, employee medical benefits platform Mednefits Malaysia said startups and SMEs have always punched above their weight in Malaysia.

Mednefits chief executive officer Chris Teo said that in 2019, they contributed close to 40% to Malaysia’s gross domestic product.

“It is therefore heartening to hear the Malaysian government allocating up to RM150 million to help startups and SMEs accelerate the adoption of digital technologies.

“All businesses — big or small — should seize the opportunity to invest in technology, to help simplify and automate routine administrative processes, so that they are better placed to capture growth opportunities when the economy improves,” said Teo.

Tony & kamal should inject back some returns via private placement

Right issue or private placement

The carrier reported a net loss of S$2.3bil (US$1.7bil) for the three months ended Sept. 30 versus a S$94.5mil profit the same period a year ago, before Covid-19 spread around the world, closing borders and all but putting an end to international travel. Revenue plunged 81% to S$783.8mil, the carrier said in an exchange filing.

SINGAPORE: Singapore Airlines Ltd posted its biggest ever quarterly loss as the coronavirus decimated travel demand and fuel hedging and fleet impairment charges weighed on its bottom line.

The carrier reported a net loss of S$2.3bil (US$1.7bil) for the three months ended Sept. 30 versus a S$94.5mil profit the same period a year ago, before Covid-19 spread around the world, closing borders and all but putting an end to international travel.

Revenue plunged 81% to S$783.8mil, the carrier said in an exchange filing.

Singapore Airlines is cutting about 20% of its workforce and has raised S$11bil in funds through a rights offering and loans in a bid to survive the downturn.

The International Air Transport Association forecasts passenger demand may not return to pre-Covid levels before 2024. The situation is particularly dire for carriers like Singapore Airlines that have no domestic market to fall back on.

“The recovery from the Covid-19 pandemic is likely to remain patchy, given the new waves of infections around the world and concerns about imported cases, ” Singapore Airlines said in the statement.

“Nonetheless there are early signs of optimism. Customers are slowly becoming more confident about air travel, given the robust health and safety measures that have been put in place by airlines, airports and governments.”

The company implemented a second three-year transformation program in October as it tries to revive its business amid the devastating outbreak.

For the half year ended Sept 30, Singapore Airlines reflected S$1.3bil in impairment charges due to the removal of 26 older aircraft after reviewing its network to determine the size and mix of its fleet over the longer term.

That included seven A380s, eight 777s, nine A320s and two A319s.

The carrier said in July that the review could lead to a material impairment of about S$1bil on the carrying values of older generation aircraft, particularly Airbus SE A380s.

The main line had 134 aircraft in its fleet at the end of December last year, including 19 A380s. The carrier’s fuel hedging policy, meanwhile, contributed to a S$563mil loss.

In 2017, Singapore Airlines extended some of its fuel-hedging contracts to as far out as five years, from the usual 24 months.

The airline said yesterday it has paused fuel hedging activity since March given the uncertain pace of recovery. — Bloomberg

Investors are betting that a potential Biden win will pave the way for a bigger fiscal stimulus package than would have been the case if Trump was re-elected, while a Republican-controlled senate will make it unlikely that Trump’s corporate tax cuts will be rolled back, ” Fawad Razaqzada, market analyst with ThinkMarkets, said in a note. — Bloomberg

The government’s RM1bil allocation as an incentive for technology and high value-added investments as well as the RM500mil High Technology Fund from Bank Negara are important as they allow local businesses to become more competitive in the global arena, while also contributing to the overall value chain.

PETALING JAYA: The Malaysia-China Chamber of Commerce (MCCC) welcomed the Budget 2021 saying that it is a deficit driven expansionary budget necessary to spur growth.

“The MCCC applauds the government expansionary budget to sustain our economy in the current economic condition. It is important, however, that the level of debt to GDP ratio be managed well, ” it said in a press statement.

“The government has to be discipline to revert to a credible debt ratio level when things turn for the better, ” MCCC added.

The chamber said it welcomed the special incentives for FDI including new tax incentives for the establishment of the Global Trading Centre at a concessionary rate of 10% for a period of five years and special income tax treatment at a flat rate of 15% for a period of five years to non-resident individuals holding key positions for strategic new investment by companies relocating their operations to Malaysia.

“The presented budget (however) didn’t mention where the 2021 growth going to come from.

“Hopefully Malaysia can achieve the expected growth of 6.5-7.5% of GDP, ” it said.

MCCC said that under the current circumstances it welcomed the government to craft a budget that is inclusive and forward looking.

“The budget addresses many concerns that affect the people’s wellbeing, businesses, and the sustainability of our future economy, ” MCCC said.

The chamber said that there are ample funding provisions within the budget that would be a relief to many.

This is especially so in a situation where everyone is facing much hardship.

“It is assuring to see that the budget also provides a lot on emphasis on technology, especially on digitalisation and the internet of things, ” it said.

MCCC said the pandemic is requiring everyone to be more tech savvy including individuals, businesses, and government agencies.

“Regardless whether we will get the vaccines for the Covid-19 pandemic any time soon, the new normal would definitely require us to adapt to the new reality, ” MCCC said.

“The emphasis on TVET, retraining and reskilling of the workforce, the emphasis on high tech and R&D for businesses, are just among the many things provided in the budget to prepare us for the future, ” it added.

It said that the government is preparing industries for the future with the provisions certain industries.

These included an emphasis on industries such as the oil & gas, electrical & electronics, aerospace, and renewable energy which MCCC said will be very important for the country’s future.

“As a chamber that promotes the cooperation between Malaysia and China, we look forward to work closely with the government ministries and their agencies.

“Thi is to help promote trade and investment between the two countries, ” the MCCC said.

Aiyah, guru stockraider calvin after u both make money from netx, go n support mikecyc a bitlah :)

No forever enemy :)

Ya lah, 15sen++ to 20sen++ anytime probably... continue to monitor , latest news, blah blah blah

All the best

Bagus :)

TOP INVESTMENT SECRET REVEALED! SQUIRREL EATEN DURIANS OR FRUITS ARE THE BEST AS THEY CAN SMELL IT! MIKECYC MOUSE ATTACKED STOCKS ARE VERY GOOD ALSO
Author: calvintaneng Publish date: Tue, 27 Oct 2020, 1:59 PM
Close
Hi Guys

I just discovered A REAL BIG SECRET ABOUT INVESTING IN GOOD STOCKS

Just Go See What Mikecyc Mouse attacks

Those stocks like Naim, Jtiasa, Next & Luxchem which kept attacking are ACTUALLY GOOD STOCKS



You see the Squirrel?

Squirrels only attack the best durians & best ripe fruits. He will leave lousy and unripe fruit alone



See

Squirrels Know How To Pick The Good Durians? – Durians.com

Squirrels look like mouse with a big tail



Squirrel Eating Fruit Image & Photo (Free Trial) | Bigstock



SEE HOW CLEVER

HE KNOWS WHICH PAPAYA IS RIPE FOR ATTACK & EATING & AVOID UNRIPE ONES

SO IS MIKECYC MOUSE

HE ONLY CHOSE RIPE AND GOOD STOCKS LIKE NAIM, JTIASA, NETX & LUXCHEM TO ATTACK AND ATTACK



UNRIPE LOUSY ONES LIKE MMAG, MAHSING, GPACKET, INIX AND MANY OTHERS HE TOTALLY AVOID THEM ALL



AND SO NOW YOU KNOW



SO CLEVER!!!



Best regards

Calvin Tan deep research on Squirrel & Mikecyc mouse (both the same. One attack good fruits & the other attack good stocks)



Disclaimer

All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.

KUALA LUMPUR (Nov 6): Budget 2021 will ensure that the business and economic sectors continue to be driven through various specific measures, said Prime Minister Tan Sri Muhyiddin Yassin.

He said the specific measures not only provide financing support but also improve the business ecosystem in general.

"I am confident that Malaysia will continue to remain a destination of choice for foreign and domestic investors," he said in a statement today.

The Budget 2021 was presented by Finance Minister Tengku Datuk Seri Zafrul Aziz in Parliament today.

Muhyiddin said efforts to ensure the country's economic resilience can be strengthened is also one of the main focuses of the government in the budget.

The government, he said, is committed to implementing the expansionary budget, while continuing to maintain fiscal discipline.

The announcement of the Budget 2021 today, according to Muhyiddin, will also continue the momentum that has been achieved after the implementation of four stimulus packages worth RM305 billion, which were announced previously.

The four stimulus packages are PRIHATIN, PRIHATIN SME+, PENJANA, and KITA PRIHATIN.

For the week the Dow rose 6.87%, the S&P 500 7.33% and the Nasdaq 9.02%. All three posted their best weekly percentage gains since April.

NEW YORK/LONDON: Global stock markets edged higher and the dollar sank to a two-month low on Friday as investors awaited final vote processing in the U.S. presidential election that more and more showed Joe Biden on the verge of winning the White House.

a High Technology Fund worth RM500mil will be provided by Bank Negara to support high technology and innovative companies. The government expects the fund to help Malaysia remain competitive in the global supply chain ecosystem and protect high skilled jobs.

Overall, investors will likely remain bullish on technology stocks until there are greater signs that the broad economy has regained its footing and coronavirus treatments and vaccines are widely available, said Brian Jacobsen, senior investment strategist for the multi-asset solutions team at Wells Fargo Asset Management.

Tech stocks "are the ones that have been able to prove that they have very resilient business models to this new economy that we're going through," he said.

+++ for all

KUALA LUMPUR (Nov 6): While lauding the government's extension of special tax incentives to attract foreign direct investments, Federation of Malaysian Manufacturers (FMM) President Tan Sri Soh Thian Lai has noted that domestic investments should be granted similar incentives as well.

In a statement, Soh said that the special tax incentives should be extended to existing investors who have received approvals for expansion and diversification or new projects in 2019, as well as to domestic investments.

The FMM president explained that these are "captive" investments which can immediately make use of the incentives specified in the budget to deliver results at a faster pace.

He urged the government to reveal more details on the Global Trading Centre (GTC) as well. The government announced that businesses that set up GTC would get a concessionary tax rate of 10% for five years with a renewable period of another five years.

Soh noted that the extension of the wage subsidy programme was part of its Budget 2021 wish list.

"We fully support the RM1 billion allocation for upskilling and reskilling towards human capital development as well as the RM6 billion allocation for the empowerment of TVET and funding and grants for apprenticeship involving fresh graduates," he said in a statement.

Soh commented that the various financial assistance programmes for small and medium enterprises (SMEs) and micro-businesses will help relieve tight cash flow and improve business recovery and sustainability.

He said the FMM is appreciative of the RM2 billion allocated for SME recovery under Bank Negara Malaysia, while noting the topping up of the Pejana SME Financing is helpful to alleviate financial stress.

Meanwhile, according to him, the National Supply Chain Finance Platform (JanaNiaga) will help SMEs supplying to the government and government-linked companies (GLCs), and to obtain loans from financial institutions.

"It will be good if the roll-out of the programme can be expedited and for the facility to be made available to all SMEs supplying through government and GLCs' procurement," he noted.

++++4netx

This afternoon, Finance Minister Tengku Datuk Seri Zafrul Aziz announced that the government, through Bank Pembangunan Malaysia, will be providing a RM1 billion Industrial Digitalisation Transformation Scheme to boost digitalisation activities.

The funds will be available until Dec 31, 2023.

It will also be providing a SME Digitalisation Grant Scheme and Automation Grant worth RM150 million.

It will also relax the eligibility condition of the grants for micro SMEs and start-ups that have been operating for at least six months.

Next week, unbelievable :)

Date Close Volume
06/11/2020. 0.14. 210mil+++
05/11/2020 0.125 157,969,200
04/11/2020 0.115 170,114,300

~205m syer traded makin up

Sebelum 4pm boleh break 15sen kot

Exceeded 200 juta syer traded

~200m shares traded

Tunggu pecutan sabar

Dulu 1-2sen ~ 25-50sen selepas konsolidasi. Sedang pulih. Berbahagialah anda

Takda orang mau cut profit lagi haha

C whether 15sen can be broken b4 3.30pm :)

Warrant above 5sen, share Above 15sen Sabar fingers crossed

Net Assets per share attributable to owners
of the Company (RM) 0.02 @ 31/8/2020 (839m less 626m= 213mil shares after consolidation excluding the RI ~626m shares).

Net assets per share after RI based the QR as at 31.8.2020 ~ [(213mil x 25 shares x 2sen) + (626m x 13sen)]/839mil ~23sen#

PB value ~ 0.5x ((harga lelong))

Cash per share ~[RM46m + RM82mil]/839mil = 15sen++ ((kaya tunai))

Pecutan dah mau Mula?

Technology and construction remained the two most favoured sectors on Bursa Malaysia with their sector indices rising 0.8% and 0.6% respectively.

Sebelum or selepas 3pm boleh melebihi 15sen :)