Safe haven such as JPY, CHF and Gold shooting upward

Safe haven such as JPY, CHF and Gold shooting upward

Goldman analysts no longer expect Fed rate hike in March after SVB failure
Reuters

Goldman analysts no longer expect Fed rate hike in March after SVB failure
Reuters

Goldman analysts no longer expect Fed rate hike in March after SVB failure
Reuters

The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.

Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC
March 12, 2023

WASHINGTON, DC -- The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:

Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.

After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.

New York’s Signature Bank taken over by state government, FDIC to protect depositors’ assets
Signature Bank, which held nearly $200 billion in assets and deposits as of the conclusion of 2022, has been taken over by the New York State Department of Financial Services (DFS) in a moved designed to protect depositors, the agency announced Sunday evening.

It’s the second major financial institution taken over by a government entity since Friday, March 10,when the federal government shuttered Silicon Valley Bank in California. Upon taking possession of Signature Bank, the DFS appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver, a move designed to protect depositors.

Source: AM New York

Regulators close New York’s Signature Bank, citing systemic risk

Source: CNBC

Working to address SVB collapse, but not looking at bailout, says Yellen

REUTERS

Working to address SVB collapse, but not looking at bailout, says Yellen

REUTERS

Signature Bank Down 22.87% as 2 Banks Collapse in as Many Days

Signature Bank Down 22.87% as 2 Banks Collapse in as Many Days

Contagion spreads: Desperate customers line up outside First Republic Bank to take their money out - after SVB bank collapsed and sent shockwaves through market

First Republic Bank customers lined up to withdraw their money Saturday

This comes a day after the collapse of Silicon Valley Bank on Friday
Both banks are associated with California's wine and tech industries

Contagion spreads: Desperate customers line up outside First Republic Bank to take their money out - after SVB bank collapsed and sent shockwaves through market

First Republic Bank customers lined up to withdraw their money Saturday

This comes a day after the collapse of Silicon Valley Bank on Friday
Both banks are associated with California's wine and tech industries

Contagion spreads: Desperate customers line up outside First Republic Bank to take their money out - after SVB bank collapsed and sent shockwaves through market

First Republic Bank customers lined up to withdraw their money Saturday

This comes a day after the collapse of Silicon Valley Bank on Friday
Both banks are associated with California's wine and tech industries

Contagion spreads: Desperate customers line up outside First Republic Bank to take their money out - after SVB bank collapsed and sent shockwaves through market

https://www.dailymail.co.uk/news/article-11849049/Customers-line-outside-Republic-Bank-money-SVB-bank-collapsed.html?ito=facebook_share_article-top

https://www.centralbanking.com/central-banks/financial-stability/7954749/run-on-us-bank-sparks-fears-over-interest-rate-risk

https://www.cnbc.com/2023/03/10/us-treasury-yields-investors-await-key-jobs-data.html

MarketWatch

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2-year Treasury yield drops by most since 2008 financial crisis on bank-contagion fears

MarketWatch

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2-year Treasury yield drops by most since 2008 financial crisis on bank-contagion fears

US closes Silicon Valley Bank in biggest collapse since 2008
By AFP
March 11, 2023 @ 8:36am
SANTA CLARA, United States: US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis.

US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own.

Little known to the general public, SVB specialised in financing start-ups and had become the 16th largest US bank by assets: at the end of 2022, it had US$209 billion in assets and approximately US$175.4 billion in deposits.

Its demise represents not only the largest bank failure since Washington Mutual in 2008, but also the second largest failure ever for a retail bank in the United States.

US closes Silicon Valley Bank in biggest collapse since 2008
By AFP
March 11, 2023 @ 8:36am
SANTA CLARA, United States: US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis.

US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own.

Little known to the general public, SVB specialised in financing start-ups and had become the 16th largest US bank by assets: at the end of 2022, it had US$209 billion in assets and approximately US$175.4 billion in deposits.

Its demise represents not only the largest bank failure since Washington Mutual in 2008, but also the second largest failure ever for a retail bank in the United States.

Will it crawl back to RM2 in the future as the economy already open

KUALA LUMPUR, 28 February – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the
region’s leading Asset Management and Infrastructure Solutions company, reported a higher net
profit of RM45.7 million for the financial year ended 31 December 2022 (“FY2022”), compared to
RM43.4 million in the previous year (“FY2021”) and for the Company to stay on course to declare
a higher single-tier interim dividend of 4 sen per ordinary share for FY2022, providing 4.2% dividend
yield to shareholders (against 27 Feb 2023 last traded share price) (FY2021:3 sen).

KUALA LUMPUR, 28 February – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the
region’s leading Asset Management and Infrastructure Solutions company, reported a higher net
profit of RM45.7 million for the financial year ended 31 December 2022 (“FY2022”), compared to
RM43.4 million in the previous year (“FY2021”) and for the Company to stay on course to declare
a higher single-tier interim dividend of 4 sen per ordinary share for FY2022, providing 4.2% dividend
yield to shareholders (against 27 Feb 2023 last traded share price) (FY2021:3 sen).

KUALA LUMPUR, 28 February – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the
region’s leading Asset Management and Infrastructure Solutions company, reported a higher net
profit of RM45.7 million for the financial year ended 31 December 2022 (“FY2022”), compared to
RM43.4 million in the previous year (“FY2021”) and for the Company to stay on course to declare
a higher single-tier interim dividend of 4 sen per ordinary share for FY2022, providing 4.2% dividend
yield to shareholders (against 27 Feb 2023 last traded share price) (FY2021:3 sen).

PETALING JAYA: Pharmaniaga Bhd has been classified as an affected listed issuer under Practice Note 17 (PN17) of the Main Market Listing Requirements of Bursa Malaysia.

For speculators, please dump now. NTA now is 1.88 more than 0.94. The counter is suitable for long term investors. It is still profit generated company. Unlike those under PN17.

KUALA LUMPUR, 3 February – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, through Edgenta Healthcare Support, has entered into three Memorandum of Business Exploration (“MOBE”) partnerships with WAS, First Ambulance Services and Optima Technic, to strengthen its position in the international healthcare business.

UEM Edgenta's Healthcare Support division is a market leader in non-clinical healthcare support services in Southeast Asia, providing services to over 300 hospitals in Malaysia, Singapore, Taiwan, and India.

WAS is a German based company and one of the world’s leading manufacturers for special vehicle and ambulance with over 20 years of experience. Taking advantage of the technological advances and innovative concepts for ambulances and patient transport vehicles, WAS provides emergency services with a safer, more efficient, and enhanced user-friendly emergency vehicles with a goal to strengthen emergency services offered, making it more sustainable for the future.

UEM EDGENTA’S MD/CEO CONFERRED WITH THE ‘GLOBAL BUSINESS ICON LEADERSHIP AWARD’

Edgenta NTA: 1.88

Why Republican hardliners can afford to say no to U.S. debt ceiling increase
By Jason Lange, Gram Slattery and David Morgan

U: please buy more of our us debt.
J: sell off
C: sell off
U: don't sell off. Buy more. Need more time for my debt ceiling to increase other no more money to pay.
All: sell off
U: Who dare to sell off, I will sanction who. I can even kick those out of Swift.

Treasury Sanctions Companies Involved in Production, Sale, and Shipment of Iranian Petrochemicals and Petroleum
February 9, 2023
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned nine entities across multiple jurisdictions that have played a critical role in the production, sale, and shipment of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum to buyers in Asia. Treasury is targeting six Iran-based petrochemical manufacturers or their subsidiaries, and three firms in Malaysia and Singapore involved in facilitating the sale and shipment of petroleum and petrochemicals on behalf of Triliance Petrochemical Co. Ltd., which OFAC designated on January 23, 2020 for facilitating the sale of Iranian petroleum products from the National Iranian Oil Company (NIOC).

Yang di-Pertuan Negeri Sarawak menjadi Yang dipertuan Wilayah Sarawak.

Yang dipertuan Negeri Sabah menjadi Yang dipertuan Wilayah Sabah.

Premier Sarawak dan Premier Sabah.

Sekarang Wilayah Sabah dan Wilayah Sarawak.

Dewan Undangan Negeri Sarawak perlu menjadi Dewan Wilayah Sarawak.

Dewan Undangan Negeri Sabah perlu menjadi Dewan Wilayah Sabah.

Gambling counter, alcohol drink counter and entertainment counter, in blacklist alert.

After it happen, just tutup one by one and then the end. Casino city to normal resort just like Resort World Langkawi and Resort World Kijal

Only Skytropolis and Skyworld left.

No sky casino. No Arena of Star, and No High Line Rooftop Market. No beer

Malaysia akan disucikan tidak lama lagi. No gambling, No alcohol and No concert.

Pasca PRU15: GPS kekal sokongan kepada Muhyiddin sebagai PM ke-10
Nuzuluddin Abdul Razak
November 23, 2022 13:00 MYT

Lebih baik daripada dimakan habis pada PRU16

Lebih baik daripada dimakan habis pada PRU16

PH BN government only will happen if the PM is from BN while PH and Warisan 2 DPM. By this, BN may accepted.

Toto dan Magnum di Perlis akan diharamkan?

Toto dan Magnum di Perlis akan diharamkan?