ya, ha ha very.......

hehe QuellingBlaster,
On your free stock tips, Warren Buffett has this to say:
“Honesty is a very expensive gift, Don't expect it from cheap people.” ― Warren Buffett

hehehe

Dear all, just for sharing

Below what Warren Buffett say to MBA student.
Warren Buffett to MBA students: This is what ‘sets apart a big winner from the rest of the pack’

Don’t be someone who turns people off
The big takeaway here is that if you want to be the person who is successful, who everyone wants to hire, you need to build habits of integrity.
There are a handful of ways to that:
• Fulfill your promises
• Be honest
• Be trustworthy
• Give credit where credit is due
• Be mindful and emotionally intuitive
• Manifest humility
• Be willing to admit you’re wrong
• Offer help when it’s needed
• Treat others with respect
• Be charitable
• Be patient

A blind mass screening is wasteful! The best method is applying AI screen where infected patients pass movement could be traced through their smartphone hence sending out alert to bystanders who came near them during those crucial 2 weeks! This way, disinfection can be focused and bystanders can be screen effectively!

Any supplement or what so ever can work if we constantly intake. otherwise buy or take lemon, cut it and drink with warm water...or can buy madu kelulut, 灵芝 also ok....Powerful supplement...

The latest indicators suggest that global growth will be significantly weak in the first half of the year.

Yeah guys measures taken to contain the spread of Covid-19, including travel restrictions, enforced business closures and restricted social activities, while critical, are suppressing private sector activity

Tell the truth China will be most affected with current Covid19 global spread! As US and Eu engulf in uncontrol pandemic, China will have zero buyers for their goods! And if Covid19 suddenly makes a u-turn back to China, you think China will survive a mutated version! No chance

Yeah, we all know Covid19 originated from USA! ha ha ha ha, crook shout out others as crook

Once again, China triumph against America virus! And Has been renamed to Trump Virus from this week

Dun tell me china can chase western tech by 100 years knowledge apart, its called stealing western tech instead of created by china own!

Oh yeah, i forgot! china people are superhuman and the americans are enemy of CCP! Shows that China is superior against enemy US!

Bizarro! How can China has zero infection! And by seeing this post sounds like wuhanvirus are not from wuhan? Still bullcrap about Wuhan virus come from american soldiers export to Wuhan?

Aah, not sure if I topped up too late at early morning today. Duit masuk so slow. Hopefully after the stimulus package is announced, it will slowly climb back up to above 0.60.

If u do not want to see massive business closure,sickness even death! PLEASE tell your family to observe the RMO strictly this 2 weeks.

QuellingBlaster, Do we have other choices?
1. Lockdown, extend till Corona stop, then business as usual.
2. Business as usual, pandemic becomes worse, a lot of fatalities, at the end business also collapse. Public fear,health system also may collapse!

Woi quellingblaster, wah alo eh Please lo! This is something very bad to see! have seen many took their lives because they accumulate so much debt with loan sharks! This is no joke! I hope you turn over a new leaf! You used to be on a good side with jokes but i guess you lost it since tun m turn expiry!

managing expectations,once u can convince people deaths will be 200,000,if u are Donald Trump,u have already won.

woi quellingblaster, total deaths by the virus = direct death by the virus + indirectly death through poverty + indirect death of other patients due to lack of facilities.

indirect deaths through poverty due to lock down,India the figure may be millions.

Woi quellingblaster, u think U.S really going to have 200,000 deaths meh? Its all about managing expectations.Now that EU/ US both taking actions,the number of deaths will be contained very fast,total deaths by US by Nov 2020 will be significantly less than 50,000.Or maybe just 20,000 , who knows.

woi quellingblaster, “The assistance depends on how long the Covid-19 crisis will last. Most airlines have cash reserves less than a month to keep their operations, EXCEPT AirAsia Group,” the source said.

Pls read carefully EXCEPT ...meaning....

Worldwide gov body are pouring unprecedented amount of cash into their economy !

World central banks are willing to reduce cash rates to ZERO !

The Firer is ever willing to sign blank cheque to give to the Americans !

Very Soon,whole world will be infected by FOMO disease !

Hey moneymaker! FOMO ... is the latest pandemic which is spreading like wild fire throughout the globe now !

wow wow wow...suddenly most of the investment bank (JP Morgan, UBS, DBS & HSBC) buy call equity after massive sell down....

Dow Surges Most Since 1933 on Stimulus Deal Hopes: Markets Wrap



U.S. stocks had the best day in almost a dozen years as investors rediscovered their appetite for risk with Congress closing in on an unprecedented spending bill to prop up the slumping economy. The dollar halted a 10-day winning streak.

The S&P 500 rebounded from the lowest level since 2016, notching a third straight Tuesday turnaround -- and the biggest one-day gain since October 2008 -- after starting the week with a rout. The Dow Jones Industrial Average rose more than 11% to clock its biggest advance since 1933.

Lawmakers are negotiating the final sticking points in a roughly $2 trillion stimulus bill to help the U.S. economy get through the coronavirus pandemic, and House Speaker Nancy Pelosi said she was hopeful a deal could be reached today.

“U.S. equities are responding to the possibility of this gargantuan fiscal stimulus package and some certainty in the political situation,” Stephen Dover, head of equities at Franklin Templeton, said in a phone interview.

The Stoxx Europe 600 Index also surged, led by health-care and industrial companies, even as data began to show the extent of economic damage to the region from the coronavirus pandemic. Benchmarks across Asia jumped, with Korea’s index soaring almost 9% after the government announced measures to stabilize markets.

The dollar slumped against developed and emerging currencies alike, in a tentative sign of reduced stress after the greenback’s steepest appreciation since the global financial crisis and longest winning streak since 2012. European bonds tracked Treasuries lower.

About $26 trillion has evaporated from equity markets since mid-February, and investors have been left sifting the wreckage and weigh the chances of a lasting rebound. On the one hand, Wall Street has begun to argue that liquidations are nearing an end with real-money investors like pension funds ready to step in, and there are signs of improvement in some of world’s regions that were hardest-hit by the virus. On the other, the number of infections globally continues to accelerate and many of the largest economies are grinding to a halt.

Tuesday’s gain in risk assets follows an unprecedented move by the Federal Reserve to backstop large swaths of the financial system. Still, key gauges of U.S. manufacturing and services in March fell the most on record, suggesting the deep toll the pandemic has already taken.

“Sentiment has improved, but to call it a turning point is too strong a word for now,” said James McCormick, global head of desk strategy at NatWest Markets. “It is more of a tug-of-war. Policy bazooka is in place, but will be fighting against very weak data and still worrying trends on Covid-19 data. We are more neutral on risk assets now.”

Elsewhere, emerging-market stocks jumped alongside their currencies. Gold extended recent a recent surge and industrial metals rallied.

The Federal Reserve just pledged asset purchases with no limit to support markets

The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis.

Among the initiatives is a commitment to continue its asset purchasing program “in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.”

Others include a $300 billion lending program for Main Street businesses and the Term Asset-Backed Loan Facility implemented during the financial crisis.

Markets reacted positively to the moves, cutting most of the losses in stock market futures that had once been “limit down” in overnight trading.

The Fed also said it will purchase agency commercial mortgage-backed securities as part of an expansion in its asset purchases, known in the market as quantitative easing. The move represents an expansion into the commercial sector of real estate for the central bank’s acquisitions.

“We are now in QE infinity, again,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a note.

The measures come on top of programs the central bank announced last week aimed at easing the flow of credit markets and the short-term finding that banks need to operate.

“The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation’s first priority is to care for those afflicted and to limit the further spread of the virus,” the Fed said in a statement. “While great uncertainty remains, it has become clear that our economy will face severe disruptions. Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate.”

Monday’s announcement represents the most aggressive market intervention the Fed has made to date.

Previously, it had announced it would buy $500 billion worth of Treasurys and $200 billion in MBS. The new move represents an open-ended commitment to the QE program.

Oil reverses losses, jumps 4% after Fed promises aggressive asset purchases to support markets


Oil prices reversed losses on Monday, jumping 4% after the Federal Reserve promised aggressive asset purchases to support markets. The move higher comes after U.S. West Texas Intermediate crudeposted its worst week since 1991.

WTI rose 4% to trade at $23.52 per barrel. In a volatile session for the contract, prices were down 6% in early trading.International benchmark Brent crude traded 1% lower at $26.69 per barrel.

Agreed.................yohoooooooooo. Sapu all arb shares up while its undervalue.................

in a crisis, developing countries will always suffer more than developed countries........................


take India, for instances........

no lock down, the virus will kill them.....

India lock down, poverty will kill more Indians than the virus ever can...............

Malaysia............we have a few million living day by day, a lot of them are foreign workers.............

These people will turn to crime to survive if no income for another few weeks.............................................

lock down...so easy, just issue an order only.......


the millions of shop owners ....95% of them Chinese owners..........how?


Chinese owners under Malay unity government ...who cares.

while it is the poor and the poor countries that suffers the most, in US and Malaysia , the main focus will be to rescue the stock market and the rich..........................................

while it is the poor and the poor countries that suffers the most, in US and Malaysia , the main focus will be to rescue the stock market and the rich..........................................


this happens in 2008, will also happen in 2020................

What is one month for returning to normal life soon! Compare to US and EU, they going into very long and painful suffering! Even UK health chief said that 20k death from Covid19 is already a good result! If our health minister said the same, he will be packed in freezer and send to New York!
What we are witnessing is a total blunder on US and EU part for not containing Covid19!
As for alipay88, i am given the matter of fact! If China had contain it much early within their borders like SARS, things would be very different!
But now, the repercussion is going to hurt them very badly! China will see no demands from US and EU for a long time! What if it takes 3 years to recover! By then CCP would be history!

Face mask quellingblasters? ask those who likes to shallow money! in any crisis, its developing countries that will suffer most.......this thing no exception.u can lock down for 2 weeks, 4 weeks even..........can lock down for 2-3 months as the science requires?

its attack from the top and defend from the bottom...........u can lock down from the top...just sign an order only..........

can u defend from the bottom by testing, contact tracing, isolations, quarantines?

can do mitigations by having enough preparations, equipment, doctors, nurses?...and smart assistance for sick and their family members?


China got 100 million party members mobilized to be community workers to take care of the needs of their communities...Malaysia got meh?

Malaysia will bring sledge hammer to the problem.........and use crisis to fatten somebody pocket............that is what we are.

and hospitals stuffs..............we have China donations for that.

rack down 5,084 people from the Sri Petaling
=========

Malaysia more interested in doing dumb stuffs and spend/ print money than in doing smart stuffs that require brains/ effort....oh...2 weeks ago they say got 4,000 cases from Tabligh testing awaiting results.....two weeks later still got 4,000 tabligh tested still awaiting results........This is Malaysia.

as like every thing in life...........the smart people take targeted measured actions and good timing is every thing..........not unsustainable, panicky measures with no reserves left begin at the beginning of the war......this is just setting itself up for eventual failure.



well....Malaysia is a corrupted country and blind country do stupid things is very normal.



just have to tolerate it, I guess.....but don't congratulate yourself prematurely.............and don't ejaculate prematurely.

First: Ministry of Energy, Science, Technology, Environment
and Climate Change (MESTECC) will open for bids quota of 1,400MW for solar power generation. This is expected to involve RM5 billion of private investments and generate 25,000 jobs;

Second: Malaysian Communications and Multimedia Commission (MCMC) will implement up to RM3 billion on works related to the National Fiberisation and Connectivity Plan (NFCP); and

Third: GLCs such as TNB will invest RM13 billion in 2020, including accelerating projects such as LED street lights, transmission lines and rooftop solar installations.

26. To enhance greater national competitiveness, the Government will promote higher value-added private sector investments through:

First: A Co-Investment fund of RM500 million to be co-invested and matched by private investors on a ratio of at least 1 to 3 which will make the total funds amount to RM2 billion for investment in early-stage and growth-stage Malaysian companies;

Second: waiving of the listing fees by Securities Commission and Bursa Malaysia for one year for companies seeking listing on Leading Entrepreneur Accelerator Platform (LEAP) or Access, Certainty, Efficiency (ACE) markets, as well as companies with market capitalisation of less than RM500 million seeking listing on the Main Market;

Third: BNM will provide an SME Automation & Digitalization Facility of RM300 million at an interest cost of 3.75%;

Fourth: the Government will provide accelerated capital allowances over a two-year period on expenses incurred on machinery and equipment including ICT;

Fifth: The Government will provide a tax deduction of up to RM300,000 on renovation and refurbishment cost; and

Sixth: Import duty and sales tax exemption on importation or local purchase of machinery and equipment used in port operations for 3 years commencing 1 April 2020.

Closing

27. In 2003, Malaysia experienced a similar situation with the outbreak of the Severe Acute Respiratory Syndrome (SARS) that began in East Asia, tourist arrivals plunged regionally. That played a role in bringing Malaysia’s quarterly Gross Domestic Product (GDP) growth down from 7.1% in the third quarter of 2002 to 4.6% in the same quarter a year later. However, as a result of the comprehensive economic stimulus package, Malaysian economy recovered to 6.5% in the fourth quarter of 2003. Insya-Allah, the 2020 economic stimulus package will be as successful.

28. Due to the global economic scenario and COVID-19 impact, Malaysia’s GDP growth in 2020 is estimated to be in the range of 3.2% to 4.2%. I believe, the economic stimulus package will enable the Malaysian economy to achieve the highest point of the range. In formulating the stimulus package, the Government exercised prudence with respect to its fiscal position. As a result of the stimulus package, fiscal deficit is estimated to slightly increase to 3.4% of GDP compared with the original
target of 3.2% of GDP.

29. The Government is cognisant that the implementation of the economic stimulus package cannot be successfully delivered by the Government alone. Therefore, the Government calls on the private sector to play their part in ensuring the stimulus package is successful.

30. At the same time, the Government calls on the rakyat to remain steadfast, brave and diligent in prevailing over the current challenges and emerge even stronger after this episode.

31. Insya-Allah, with the cooperation, persistent effort and solid identity, our beloved nation will become more prosperous and resilient.

Thank you.

Human capital development

15. The Government encourages employers to further invest in raising the productivity of human capital during this economic slowdown period.

Towards this, the Government will provide double deduction on expenses incurred on approved tourism-related training. The Government will also provide up to RM100 million on a matching grant basis to HRDF to fund an additional 40,000 employees from the tourism and other affected sectors.

16. The Government will also provide RM50 million to subsidise short courses in digital skills and highly skilled courses. This incentive is expected to benefit 100,000 Malaysians.

17. The Malaysian workers retrenched can rely on the Employment Insurance System (EIS) with a current fund of RM1.1 billion. Furthermore, EIS will increase the claimable training cost from RM4,000 to RM6,000 for the affected sectors. A daily training allowance of RM30 per day will also be provided to trainees under EIS.

Stimulate tourism sector

18. To stimulate tourism industry, the Government will introduce initiatives as follows:

First: personal income tax relief of up to RM1,000 on expenditure related to domestic tourism;

Second: All Malaysians will be eligible for digital vouchers for domestic tourism of up to RM100 per person for domestic flights, railway and hotel accommodation. Additional matching grants for tourism promotion will be provided. An allocation of RM500 million is provided for the vouchers and tourism promotion; and

Third: Relaxation of existing guidelines limiting use of hotels by Government agencies as part of mitigating the reduced demand.

Strategy II : Catalysing rakyat centric economic growth rakyat’s assistance

19. The effects of COVID-19 reverberate beyond the tourism industry. Malaysian businesses, especially exporters are affected by supply chain disruptions involving factories and ports in China.

20. Therefore, the Government will carry out immediate measures to boost local consumption growth to cushion the effect of negative external factors, while protecting local Malaysian jobs. These measures include:

First: the minimum Employees Provident Fund (EPF) contribution by employees will be reduced by 4% from 11% to 7%, with effect from 1 April 2020 to 31 December 2020. This will potentially unlock up to RM10 billion worth of private consumption.

Malaysian workers have the option to opt out from the scheme and maintain their contribution rate.

Second: a payment of RM200 to all Bantuan Sara Hidup (BSH) recipients scheduled for May 2020 will be brought forward to March 2020.

Third: an additional RM100 will be paid into the bank accounts of all BSH recipients in May 2020. Subsequently, an additional RM50 will be channelled in the form of e-tunai.

21. To enhance the income of rakyat and reduce cost of living, the Government will undertake the following initiatives:

First: Agrofood facility of RM1 billion will be provided by BNM at an interest cost of 3.75% to promote food production activities to meet domestic and export demand.

Second: RM10 million allocation to FAMA to provide food storage facilities to help reduce food prices.

Third: Grants of RM1,000 to 10,000 local entrepreneurs to promote sale of their products on e-commerce platforms.

Fourth: Allocation of RM20 million to Malaysian Digital Economy Corporation (MDEC) for Perkhidmatan e-Dagang Setempat (PeDAS) programme to transform Pusat Internet Desa into e-commerce hubs.

Rural stimulus

22. The Government will allocate an additional RM2 billion for the immediate implementation of small infrastructure repair and upgrading projects nationwide especially in rural areas. To ensure that the projects are effectively implemented for the benefit of the rakyat, the allocations will be channelled in partnership with State Governments, local authorities, NGOs and local communities.

23. The projects need to be implemented expeditiously in order to give positive impact in stimulating the economy. To expedite the implementation of all projects, the Ministry of Finance (MoF) will provide special relaxation on financial procedures for the year 2020 as follows:

First: Increase procurement threshold value for balloting from RM50,000 to RM100,000 and for quotations from RM500,000 to RM800,000;

Second: Ensure Ministries channel sufficient allocations to
respective implementing agencies by first quarter of 2020. MoF will oversee the compliance to procurement schedule to ensure projects are undertaken on a timely basis.

Strategy III: Promoting quality investments

24. To bolster business confidence, the Government is committed to sustaining public investments and in particular, expedite in 2020 the tenders and implementation of development expenditure projects.

25. In addition, agencies and Government linked companies (GLCs) will also accelerate planned investment projects for 2020, including:

Stimulus Package 2020

Speech by Interim Prime Minister Tun Dr Mahathir Mohamad

1. I wish to officially put on record our appreciation to the doctors, nurses, health workers, Immigration and other front liners protecting Malaysia from the COVID-19 outbreak. The COVID-19 outbreak has been well contained with most of those infected having recovered fully.

2. Eventhough COVID-19 has been well contained, the disease has a significant impact on the global economy and Malaysia.

3. Therefore, the Government will introduce the 2020 Economic Stimulus Package to ensure economic risks associated with the outbreak are effectively addressed. Various strategies have been formulated to ensure that Malaysian economy remains on strong foundations.

The RM20 billion economic stimulus package

4. The stimulus package valued at RM20 billion is anchored on three strategies as follows:
Strategy I: Mitigating impact of COVID-19;
Strategy II: Spurring rakyat centric economic growth; and
Strategy III: Promoting quality investments

Strategy I: Mitigating impact of COVID-19

5. The most immediate economic impact of COVID-19 has been the sharp decline in tourist arrivals throughout the region. Hotels, airlines, travel companies and more broadly the tourism-dependent retail industry have been badly affected.

6. To mitigate the impact, the Government will implement a three-pronged approach — first, to ease the cash flow of affected businesses, second, to assist affected individuals, and third, to stimulate demand for travel and tourism.

Easing cashflow

7. To assist businesses most adversely affected, the Government proposes for a period of 6 months beginning from April until September 2020:

First: To allow deferment of monthly income tax instalment payments for businesses in the tourism sector. In addition, companies affected by the COVID-19 to be allowed to revise their profit estimates for 2020 with respect to monthly income tax instalment payments without penalty;

Second: To provide 15% discount in monthly electricity bills to hotels, travel agencies, airlines, shopping malls, conventions and exhibitions centres;

Third: To exempt Human Resource Development Fund (HRDF) levies for hotels and travel-related companies; and

Fourth: To exempt the 6% service tax for hotels. However, this exemption will be made effective earlier, that is from March to August 2020.

8. The Government will also provide financing facilities for affected companies, as follows:

First: Bank Negara Malaysia (BNM) will provide a Special Relief facility worth RM2 billion, particularly in the form of working capital for Small Medium Enterprises (SMEs) at an interest rate of 3.75%; and

Second: Bank Simpanan Nasional (BSN) will allocate RM200 million in microcredit facility offering an interest rate of 4% to affected businesses. In addition, the approval process for existing loan funds will be further streamlined such as Bank Pembangunan’s Tourism Infrastructure Fund of RM1.5 billion.

9. All banks are required to provide financial relief in the form of payment moratorium comprising restructuring and rescheduling loans for affected businesses and individuals. BNM is tasked to ensure that all financial institutions will assist all companies in need without exception.

10. In the spirit of shared responsibility to overcome current challenges, the Government calls on industry players to play their part — for hotels to offer discounts and shopping malls to reduce rentals to their tenants.

11. Malaysia Airport Holdings Berhad (MAHB) will provide rebates on rental for premises at the airport as well as landing and parking charges.

Assistance for affected individuals

12. The Government acknowledges lower tourist arrivals has negatively impacted those reliant on tourism. The Government will give a one-off payment of RM600 each to taxi drivers, tourist bus drivers, tourist guides and registered trishaw drivers.

13. As a sign of appreciation to those in the front line protecting Malaysia from the contagion, Government staff directly involved in the containment efforts will be eligible for a special monthly critical allowance of RM400 for medical doctors and other medical personnel, as well as RM200 for immigration and related front line staff commencing February 2020 until the end of pandemic.

14. To date, the Ministry of Health has committed RM150 million to purchase the relevant equipment, medicine and consumables in the effort to contain the COVID-19 outbreak. The Government will provide the necessary resources to ensure the COVID-19 outbreak is well managed.

moneymaker168. Cash is king ....it’s not a permanent solution. Must deploy it given the opportunity now and wait for the asset bubble forming in next few years.Economic model has changed, but conservative economists have not move on! The thing is, government must spend to create robust economy! Unless the government is run by Mahathir, then of course you will see a certain bust of the cycle! I mean a wise government will build airports and let private run the airplanes! But no! You have national pride of Mahathir for us to bail him out! So you see, it's depends on what you spend on!

alipay88,You can talk like this because you are outside China. If you are staying in China, they might put you behind bars for defying CCP.

CCP is very powerful in the universe. They can even instruct coronavirus to run away immediately without looking back. They have some super human to talk or negotiate with coronavirus.Don’t play play with CCP because they have the ability to summon coronavirus to anywhere in the world or even the universe. US?....nothing more than a small potato in the earth only.