Burmese in U.S. fight for democracy in Myanmar
By Evan Wright | 14 Apr 2021 | Asia, Future of Democracy, Human Rights, Immigration, Indiana University, Politics, Student Posts, Youth Voices

Myanmar junta taps Russian air power to bomb ethnic rebels
Military raids on Karen and Kachin states sow 'terror' in anti-coup strongholds

Myanmar junta taps Russian air power to bomb ethnic rebels
Military raids on Karen and Kachin states sow 'terror' in anti-coup strongholds

Myanmar junta taps Russian air power to bomb ethnic rebels
Military raids on Karen and Kachin states sow 'terror' in anti-coup strongholds

Post removed.Why?

Post removed.Why?

A fire that engulfed a Chinese-owned clothing factory in Yangon, Myanmar on early Wednesday morning was likely the work of arson as tools were found on the site, an industry insider told the Global Times.

The fire broke out at around 4:37am Wednesday morning at the first floor of the factory, which was owned by JOC Galaxy (Myanmar) Apparel Company, Luo Muzhen, Secretary General of China Textile and Garment Association in Myanmar, told the Global Times on Wednesday.

A fire that engulfed a Chinese-owned clothing factory in Yangon, Myanmar on early Wednesday morning was likely the work of arson as tools were found on the site, an industry insider told the Global Times.

The fire broke out at around 4:37am Wednesday morning at the first floor of the factory, which was owned by JOC Galaxy (Myanmar) Apparel Company, Luo Muzhen, Secretary General of China Textile and Garment Association in Myanmar, told the Global Times on Wednesday.

YANGON: Myanmar troops fired at anti-coup protesters on Wednesday (Apr 7), killing at least 13 people and wounding several, a media outlet said, as a series of small blasts hit the commercial capital Yangon and a Chinese-owned factory was set on fire.

YANGON: Myanmar troops fired at anti-coup protesters on Wednesday (Apr 7), killing at least 13 people and wounding several, a media outlet said, as a series of small blasts hit the commercial capital Yangon and a Chinese-owned factory was set on fire.

The White Power invisible hand will reaches Myanmar soon. After Afghanistan, Iraq and Syria. Now Myanmar next. Next invasion may start.

The White Power invisible hand will reaches Myanmar soon. After Afghanistan, Iraq and Syria. Now Myanmar next. Next invasion may start.

https://www.nationalgeographic.com/history/article/hunting-particles-gold-jungles-southeast-asia

The West bully Iraq because of oil. Then Myanmar is because gold. A gold mine and gold statue.

If the Army is Disbanded Will Myanmar Become Like Libya or Iraq?

If the Army is Disbanded Will Myanmar Become Like Libya or Iraq?

If the Army is Disbanded Will Myanmar Become Like Libya or Iraq?

Renminbi Takes on More Prominent Role in Asian Financial Safety Net
By Wang Liwei and Denise Jia
The CMIM’s $240 billion safety net is made up of pledges of $192 billion from China, Japan and South Korea and $48 billion from the 10 ASEAN countries.
The CMIM’s $240 billion safety net is made up of pledges of $192 billion from China, Japan and South Korea and $48 billion from the 10 ASEAN countries.
Significant revisions to Asia’s $240 billion regional financial safety net went into effect Wednesday, marking a key step toward financial self-reliance for participating countries using local currencies with less dependence on the U.S. dollar.

China, Japan, South Korea and the 10 member countries of the Association of Southeast Asian Nations (ASEAN) agreed last year to amend the Chiang Mai Initiative Multilateralization (CMIM) accord. The changes institutionalize the use of members’ local currencies in addition to the U.S. dollar for borrowings in a financial emergency, the People’s Bank of China said in a statement. In addition, the borrowing limits were raised.

The Covid-19 pandemic increased the need for international cooperation in finance. The ASEAN countries, China, Japan and South Korea adopted the CMIM amendment at a September 2020 meeting of finance ministers and central bank governors. In the face of the coronavirus crisis and its aftermath, strengthening the regional financial safety net is an important complement to the fiscal and monetary support provided by each country, participants in the meeting said in a statement.

Skip to content
Menu
Bloomberg
Subscribe
Markets
Overseas Funds Are Loving Malaysia Glove Stocks Again After Selloff
By Tien Hin Chan
7 April 2021, 8:29 am GMT+8
Updated on 7 April 2021, 5:10 pm GMT+8
Top Glove, Supermax top net buy list of foreigners: CGS CIMB
Glove stocks still have significant value, Kenanga says
Employees check latex gloves in the watertight test room at a Top Glove factory in Malaysia.
Employees check latex gloves in the watertight test room at a Top Glove factory in Malaysia. Photographer: Samsul Said/Bloomberg
Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars.

Top Glove Corp. and Supermax Corp. are among the top three stocks on the buy list of foreigners this year through April 2, attracting net inflows of 1.4 billion ringgit ($340 million), according to CGS CIMB Research. Global funds bought a net 189.9 million ringgit of Press Metal Aluminium Holdings Bhd., the brokerage said in a report.

Top Glove, Supermax shares are among the worst performers this year
Shares of glove makers were one of Asia’s hottest pandemic trades for much of 2020 before the rollouts of vaccines around the world weakened their appeal and became targets of short sellers. The three biggest glove stocks, including Top Glove Corp., are the worst performers in Malaysia’s benchmark equity gauge this year.

“There is still significant value to be derived from Malaysian glove players which command 65%-68% of the global market share,” Kenanga Investment Bank Bhd. said in a report. Glove stocks are trading at “unwarranted” 6 times to 10 times 2022 price-earnings ratios and offer dividend yields of 6%-8%, it said.

Top Glove rose 2.9% and Supermax climbed 2.3% at the close on Wednesday. They have slid more than 50% from their October peaks, dragging valuations to rock bottom levels. Top Glove trades at about six times forward 12-month earnings, versus its one-year mean of 15.3 times. Supermax is priced at 3.8 times compared with its average of 15 times, Bloomberg-compiled data show.

Pressure on Top Glove deepened late last month when the U.S. Customs and Border Protection ordered personnel at U.S. ports of entry to seize its gloves made in Malaysia over allegations of forced labor.

That fueled concerns over its environmental, social and governance practices that have come under greater scrutiny in industries including palm oil. In contrast, Press Metal’s stock is the top gainers on the main index as its focus on ESG has made it a favorite among investors.

(Updates with closing prices.)
SHARE THIS ARTICLE
ShareTweetPostEmail
Terms of Service Do Not Sell My Info (California) Trademarks Privacy Policy ©2021 Bloomberg L.P. All Rights Reserved
Careers Made in NYC Advertise Ad Choices Contact Us Help

Post removed.Why?

Is the Fed hiding something? Why weekly money supply data just got discontinued - Steve Hanke

(Kitco News) - The Federal Reserve recently discontinued updating the M1 and M2 weekly money supply series and is instead updating the series monthly.

Steve Hanke, professor of Applied Economics of Johns Hopkins University, said that this change reflects a change in attitude from the world's largest central bank on the importance of looking at money supply.

"Chairman Powell has very explicitly claimed that money doesn't matter in recent testimony. He's basically said that money and the measurement of money doesn't really matter because it's unrelated to inflation," Hanke said.

These money supply series have been published since the 1970s, and the fact that the Fed has changed the publishing frequency on M1 and M2 money supply from weekly to monthly demonstrates a change in worldviews, Hanke said.

Is the Fed hiding something? Why weekly money supply data just got discontinued - Steve Hanke

(Kitco News) - The Federal Reserve recently discontinued updating the M1 and M2 weekly money supply series and is instead updating the series monthly.

Steve Hanke, professor of Applied Economics of Johns Hopkins University, said that this change reflects a change in attitude from the world's largest central bank on the importance of looking at money supply.

"Chairman Powell has very explicitly claimed that money doesn't matter in recent testimony. He's basically said that money and the measurement of money doesn't really matter because it's unrelated to inflation," Hanke said.

These money supply series have been published since the 1970s, and the fact that the Fed has changed the publishing frequency on M1 and M2 money supply from weekly to monthly demonstrates a change in worldviews, Hanke said.

Is the Fed hiding something? Why weekly money supply data just got discontinued - Steve Hanke

(Kitco News) - The Federal Reserve recently discontinued updating the M1 and M2 weekly money supply series and is instead updating the series monthly.

Steve Hanke, professor of Applied Economics of Johns Hopkins University, said that this change reflects a change in attitude from the world's largest central bank on the importance of looking at money supply.

"Chairman Powell has very explicitly claimed that money doesn't matter in recent testimony. He's basically said that money and the measurement of money doesn't really matter because it's unrelated to inflation," Hanke said.

These money supply series have been published since the 1970s, and the fact that the Fed has changed the publishing frequency on M1 and M2 money supply from weekly to monthly demonstrates a change in worldviews, Hanke said.

Print unlimited almighty dollar. Dollar to the rescue.

The latest batch of $1,400 stimulus checks are sent. Social Security beneficiaries received most of the money
PUBLISHED WED, APR 7 202110:19 AM EDTUPDATED WED, APR 7 20213:21 PM EDT
Lorie Konish
@LORIEKONISH

Print more almighty dollar. The world wanted it.

https://www.presstv.com/Detail/2021/04/03/648668/US-dollar-weakening-China-yuan-analysis

https://www.presstv.com/Detail/2021/04/03/648668/US-dollar-weakening-China-yuan-analysis

White supremacy. White dollar. White bullier.

He Built a $10 Billion Investment Firm. It Fell Apart in Days.
Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

Share on Facebook
Share on WhatsApp
Post on Twitter
Mail
By Kate Kelly, Matthew Goldstein, Matt Phillips and Andrew Ross Sorkin
April 3, 2021
Until recently, Bill Hwang sat atop one of the biggest — and perhaps least known — fortunes on Wall Street. Then his luck ran out.

Mr. Hwang, a 57-year-old veteran investor, managed $10 billion through his private investment firm, Archegos Capital Management. He borrowed billions of dollars from Wall Street banks to build enormous positions in a few American and Chinese stocks. By mid-March, Mr. Hwang was the financial force behind $20 billion in shares of ViacomCBS, effectively making him the media company’s single largest institutional shareholder. But few knew about his total exposure, since the shares were mostly held through complex financial instruments, called derivatives, created by the banks.

He Built a $10 Billion Investment Firm. It Fell Apart in Days.
Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

Share on Facebook
Share on WhatsApp
Post on Twitter
Mail
By Kate Kelly, Matthew Goldstein, Matt Phillips and Andrew Ross Sorkin
April 3, 2021
Until recently, Bill Hwang sat atop one of the biggest — and perhaps least known — fortunes on Wall Street. Then his luck ran out.

Mr. Hwang, a 57-year-old veteran investor, managed $10 billion through his private investment firm, Archegos Capital Management. He borrowed billions of dollars from Wall Street banks to build enormous positions in a few American and Chinese stocks. By mid-March, Mr. Hwang was the financial force behind $20 billion in shares of ViacomCBS, effectively making him the media company’s single largest institutional shareholder. But few knew about his total exposure, since the shares were mostly held through complex financial instruments, called derivatives, created by the banks.

American spy plane pilots use China’s satellite navigation system BeiDou as backup to GPS, US general says.

Usa is a sanction lover. Don't like you. Sanction you. Beware.

France no need fear, Top gloves is here.

PARIS: President Emmanuel Macron on Wednesday (Mar 31) ordered France into its third national lockdown and said schools would close for three weeks as he sought to push back a third wave of COVID-19 infections that threatens to overwhelm hospitals.

With the death toll nearing 100,000, intensive care units in the hardest-hit regions at breaking point and a slower-than-planned vaccine rollout, Macron was forced to abandon his goal of keeping the country open to protect the economy.

Usa should employ more bangla to work with them. Their wages cheaper. By this, their production cost will be cheaper. Their hostel will be air conditioning and big space for each of them. As a result, social distancing between foreign workers will be achieved. All of them, happily ever after. Just like their fairy tales.

Next time, if you dissatisfied with your employer, just complain to USA government, it will help you solve the employment dispute. The effect is better than complaining to human resources ministry. Usa should create Anti-force labour departments to solve international forced labour issue.

Usa wages is higher than Malaysia. Usa is anti force labour. Usa will treat bangla like king. Can work comfortably. Usa welcome bangla.

Soon, bangla will be topglov tauke.

https://www.businessinsider.com/how-george-soros-broke-the-bank-of-thailand-2016-9

It will continue until us feel boring to kacau you, then it will stop.

The majority of Malaysians employed in the palm oil industry – comprising some 20% – are in management while foreign workers, who make up 80% of the labour force, are in field operations.

As highlighted in the MPOA report, even with the current good price of CPO (crude palm oil), producers cannot benefit as there is an acute shortage of workers caused mainly by Covid-19-triggered movement restrictions that have prevented foreign workers from coming to Malaysia since March 2020.

THE Sarawak Oil Palm Plantation Owners Association (SOPPOA) concurs with the recent statement made by the Malaysian Palm Oil Association (MPOA) that despite good wages being offered, locals still shun the opportunity to be employed in the palm oil industry in Malaysia.

Hence, the industry has no option but to resort to hiring foreign workers willing to work in what locals consider 3D jobs, ie, dirty, difficult, dangerous.

Buy vaccine related counter?

Us is sitting the throne of the world. Almighty dollar is its crown and power.

That why us the winner. We the loser.

Contohnya Korea selatan Dan Jepun perlu bayar Wang ufti untuk us melindungi mereka dengan askar-askar us.

Us want collect $$$ ufti di semua negara di seluruh dunia. Us the pemenang.

Us print many almighty dollar, semua orang di dunia mahu but we not able to so. At the end, bully by them pula.

They maybe want we give gaji same high as Malaysian gaji.