WASHINGTON — The Senate passed a House-approved bill late Thursday to raise the debt ceiling and cap government spending for two years, sending the legislation to President Joe Biden’s desk .
https://www.cnbc.com/2023/06/01/debt-ceiling-bill-updates.html
Drama over finally

https://www.theedgemarkets.com/article/govt-subsidise-1381-senkwh-electricity-2h22
KUALA LUMPUR (June 27): The government is subsidising 13.81 sen for domestic users and 8.11 sen for non-domestic users for every kilowatt-hour (kWh) of electricity consumption in Peninsular Malaysia in the second half of 2022 (2H22).

This is as the cost of fuel and other electricity generation costs in 1H22 rose to RM7 billion, equivalent to 11.81 sen/kWh, in imbalance cost pass-through (ICPT) surcharge, as revealed by the Energy Commission (EC).

This compares with two sen/kWh rebate for domestic users, and 3.7 sen/kWh surcharge for industrial and commercial users that will remain in place through 2H22. These ICPT amounts were first revealed in February to reflect the generation and fuel costs in 2H21. The surcharge and rebate are applied on the base electricity tariff of 39.45 sen/kWh.

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Of the RM5.8 billion previously announced by the government to fund the electricity surcharge subsidy, the EC said RM2.3 billion goes to cover the domestic user portion.

"In addition, the government is also allocating a total of RM3.5 billion to ensure the current ICPT surcharge is maintained to all non-domestic consumers such as commercial and industrial from being charged the entire surcharge which should have been at 11.81 sen/kWh," it said in a statement.

The EC said coal prices have reached US$265/tonne, compared with Tenaga Nasional Bhd's benchmark price of US$79/tonne projected in the base electricity tariff.

It explained that more than 80% of the electricity generated in Malaysia uses coal and gas, and the rising prices have caused electricity generation costs to rise by 33%.

"This has a huge impact on electricity tariffs in the peninsula as 49% of the source for the generation is coal," it said.

"Rising coal fuel prices are beyond the control of the government as they are based on global market prices. The electricity generation sector is under pressure not only in Malaysia but even around the world following the increase in such fuel costs," it said.

As such, the EC has encouraged electricity consumers in the peninsula to take advantage of the Net Energy Metering programme, besides taking various measures towards using electricity efficiently in an effort to minimise electricity bill amounts.

Consumers can also estimate the cost of monthly electricity bills in the future by using an electricity tariff calculator which can be accessed through the portal www.myelectricitybill.my.

"They can also input price projections for coal and gas as well as foreign exchange rates to make the estimated cost of ICPT in the next tariff adjustment period," it said.

RP3 detail parameter out as in Bursa announcement

Fish Bottom...maybe those big fund put wrong bet before Foreign Source Income exemption U Turn

depend how you interpret that statement, it may suggest this value metrics will be there for long term

Covid-19 pill soon:
https://www.cnbc.com/2021/11/16/pfizer-plans-to-submit-fda-application-for-emergency-approval-of-covid-treatment-pill-today-ceo-says.html

Mmm... suggest investor to pay some attention to those one off provisions that impact the Q4 profit, exclude those one off provision profit the Q4 result looks like still growing...

time to close the price gap vs value...

It comes after AstraZeneca and the University of Oxford said their vaccine had been found to provide only limited protection against mild and moderate disease caused by the South African variant of Covid-19. The Pfizer and AstraZeneca vaccines only target the spike protein, which enables the virus to gain entry into a cell, and so may lose effectiveness when it mutates. "I think the pandemic will be around for two or three more years, because of supply, because of not being able to vaccinate developing countries. During that time, the virus will mutate, so there are plenty of opportunities for new entrants to try their hand."

https://www.independent.co.uk/news/health/covid-vaccine-variant-universal-nottingham-scancell-b1801966.html?utm_content=Echobox&utm_medium=Social&utm_source=Facebook&fbclid=IwAR1HgdA80PVYzqFhchKEMrssqh_Qz7ggfEa-xRxPkiSVQNj_2hWjeoNDt5U#Echobox=1613289417

not so soon until they complete the private placement for Lexis acquisition by end of this month

Short Seller need to pay around 7 percent interest per annum to borrower and not entitle share dividend. Hence Short seller will lose more money when the share price constantly stay longer above their selling price. is a long journey.

Dr. Fauci says new data shows Covid vaccines appear to be less effective against some new strains

https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html

looks like KIBB lose big on two tranches of structure Warrant expired on 31-Dec-20 & 15-Jan-21

U.S. likely to fall short of goal to vaccinate 20 million people against Covid before end of year

https://www.cnbc.com/2020/12/29/us-to-fall-short-of-goal-to-vaccinate-20-million-by-years-end.html

The U.S. has vaccinated just 1 million people out of a goal of 20 million for December

https://www.cnbc.com/2020/12/23/covid-vaccine-us-has-vaccinated-1-million-people-out-of-goal-of-20-million-for-december.html?__source=iosappshare%7Cnet.whatsapp.WhatsApp.ShareExtension

Luxchem Chemical supplied to Glove, automobile and Buildings/Construction...if glove maker still doing well in 2021...then the economy start to recover, automobile & construction start to pick up...then Luxchem in bright spot....Hence now we know why their MD against share speculator during the heist of glove mania....

https://www.ft.com/content/a832d5d7-4a7f-42cc-850d-8757f19c3b6b

Not enough Covid vaccine for all until 2024, says biggest producer

https://www.ft.com/content/a832d5d7-4a7f-42cc-850d-8757f19c3b6b

Not enough Covid vaccine for all until 2024, says biggest producer

GENEVA: United Nations Secretary-General Antonio Guterres warned on Thursday (Dec 3) that the world could be fighting the aftershocks of the COVID-19 pandemic for decades to come even if vaccines are quickly approved.

Opening a special UN summit on the virus, being held virtually as a safety precaution, Guterres hailed the quick scientific progress but cautioned that vaccination was not a panacea for the ills affecting the planet.

https://www.channelnewsasia.com/news/world/covid-19-un-chief-warns-long-road-ahead-after-vaccines-approval-13693588?cid=FBcna&fbclid=IwAR2Wv64aE9MOls5roH-E3CeLa55WhSVNSKgPP7dqWiImZtzVDpMA_ijHitY

GENEVA: United Nations Secretary-General Antonio Guterres warned on Thursday (Dec 3) that the world could be fighting the aftershocks of the COVID-19 pandemic for decades to come even if vaccines are quickly approved.

Opening a special UN summit on the virus, being held virtually as a safety precaution, Guterres hailed the quick scientific progress but cautioned that vaccination was not a panacea for the ills affecting the planet.

https://www.channelnewsasia.com/news/world/covid-19-un-chief-warns-long-road-ahead-after-vaccines-approval-13693588?cid=FBcna&fbclid=IwAR2Wv64aE9MOls5roH-E3CeLa55WhSVNSKgPP7dqWiImZtzVDpMA_ijHitY

https://www.cnbc.com/2020/11/18/who-warns-vaccine-wont-help-countries-fend-off-current-wave-of-infections-.html

https://www.cnbc.com/2020/11/18/who-warns-vaccine-wont-help-countries-fend-off-current-wave-of-infections-.html

Dr Fauci comment on Vaccine
https://www.cnbc.com/2020/11/12/coronavirus-dr-fauci-says-he-doubts-whether-covid-can-be-eradicated.html

https://www.cnbc.com/2020/11/12/coronavirus-dr-fauci-says-he-doubts-whether-covid-can-be-eradicated.html

https://www.independent.co.uk/news/health/coronavirus-vaccine-latest-cases-covid-19-patrick-vallance-b1159462.html

https://www.independent.co.uk/news/health/coronavirus-vaccine-latest-cases-covid-19-patrick-vallance-b1159462.html

manufacturing profit is surging....related to latex, trading segment contract...

looks like selling pressure less...now may be reversing loss in progress....

falling none stop for last 3 days

Careful...they may purposely press it down to fish bottom...

Something is happening in the background...
https://www.thestar.com.my/business/business-news/2018/06/18/hsr-alternative-for-only-rm20bil/

https://www.kinitv.com/video/61789O25
Looks like is not so straight forward to cancel project... time to face reality

Looks like HSR had certain binding agreement both government had to honour. https://www.straitstimes.com/asia/se-asia/decision-on-big-projects-like-hsr-very-soon-says-mahathir

Johor Sultan had advise :https://www.thestar.com.my/news/nation/2018/05/22/johor-ruler-focus-on-development-projects-that-can-benefit-the-people/

EPF become top 30 shareholder as in today annual report
LIST OF TOP 30 HOLDERS AS AT 9 MARCH 2018
Without aggregating securities from different securites accounts belonging to the same registered holder
No Holder Name Shares Held Percentage
1 CHEMPLEX RESOURCES SDN. BHD. 411,420,000 48.648
2 CHOW CHENG MOEY 68,932,200 8.150
3 TANG CHII SHYAN 14,434,800 1.706
4 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
13,597,500 1.607

Hot news prove the brand itself... Gonna see things beyond ur community http://www.astroawani.com/gaya-hidup/jualan-gudang-vincci-dibatalkan-pembeli-panjat-tembok-75180

If you do ur math then you know...this year profit is very bad.. Half year 36 million...with assumption of full year profit 70 millions ( very conservative).. It will work out EPS 0.1167 , if you buy this biz at 1.45, it works out u r paying PE12.45 with dividend yield 6.88% (as guarantee by management 10 cents a year). Can the management sustain the dividend? In order for them to pay 10 cents a year they need to fork out approx 62 million cash a year... Assuming biz very bad for this 2 years... They still has cash reserve of 196 million to cover the gap for dividend commitment while waiting the market to pick up again. Is this a value deal for u? U gotta do ur business valuation msths again :)

Kenanga do a good clarification... Padini management is committed for the dividend after meeting them..

Economic is complex.. Not as simple as we thought.. During good time border poor people become slight rich and move into middle class, during bad time border rich man fall back to middle class :)

i hold Padini from 2008 (Prior to 1:5 split) till now...is convincing for long term :)...