Brent crude rebounded to $34 per barrel

Brent crude rebounded to $34 per barrel

The Federal Reserve said Tuesday it would launch a temporary lending facility that for the first time will allow foreign central banks to convert their holdings of Treasury securities into dollars, its latest bid to alleviate strains in global markets.


The program is designed to alleviate stresses in currency markets that had prompted more foreign central banks to sell their holdings of Treasurys. The Fed has been aggressively purchasing Treasury and mortgage securities to reduce market strains, and the latest move could reduce the supply of those securities hitting the market if foreign central banks can more easily exchange them for dollars.

The Federal Reserve said Tuesday it would launch a temporary lending facility that for the first time will allow foreign central banks to convert their holdings of Treasury securities into dollars, its latest bid to alleviate strains in global markets.


The program is designed to alleviate stresses in currency markets that had prompted more foreign central banks to sell their holdings of Treasurys. The Fed has been aggressively purchasing Treasury and mortgage securities to reduce market strains, and the latest move could reduce the supply of those securities hitting the market if foreign central banks can more easily exchange them for dollars.

The Federal Reserve said Tuesday it would launch a temporary lending facility that for the first time will allow foreign central banks to convert their holdings of Treasury securities into dollars, its latest bid to alleviate strains in global markets.


The program is designed to alleviate stresses in currency markets that had prompted more foreign central banks to sell their holdings of Treasurys. The Fed has been aggressively purchasing Treasury and mortgage securities to reduce market strains, and the latest move could reduce the supply of those securities hitting the market if foreign central banks can more easily exchange them for dollars.

Last year, the central bank reduced the base rate use for lending to 3% from 3.25% in May.

Imran Yassin expects BNM to slash another 25bps, bringing the OPR to 2.25% at the next MPC’s meeting.

“It is very unlikely that the OPR will go to zero because we opine that BNM will need to maintain some buffer to give them room to manoeuvre should the economic conditions worsen,” he said.

In a report, Hong Leong Investment Bank said BNM will likely reduce the policy rate by a total of 50bps this year to bring the rate down to 2% in 2020.

Last year, the central bank reduced the base rate use for lending to 3% from 3.25% in May.

Imran Yassin expects BNM to slash another 25bps, bringing the OPR to 2.25% at the next MPC’s meeting.

“It is very unlikely that the OPR will go to zero because we opine that BNM will need to maintain some buffer to give them room to manoeuvre should the economic conditions worsen,” he said.

In a report, Hong Leong Investment Bank said BNM will likely reduce the policy rate by a total of 50bps this year to bring the rate down to 2% in 2020.

Last year, the central bank reduced the base rate use for lending to 3% from 3.25% in May.

Imran Yassin expects BNM to slash another 25bps, bringing the OPR to 2.25% at the next MPC’s meeting.

“It is very unlikely that the OPR will go to zero because we opine that BNM will need to maintain some buffer to give them room to manoeuvre should the economic conditions worsen,” he said.

In a report, Hong Leong Investment Bank said BNM will likely reduce the policy rate by a total of 50bps this year to bring the rate down to 2% in 2020.

https://en.wikipedia.org/wiki/2019_Military_World_Games

Gold Mountain also will be depleted, if casino still not open. Staff remuneration still need to pay.

Casino no open, no more income earn. Still need to pay for workers and staff.

打开和关闭的内容是这样的：

 1.超市，湿市场，七十一，Speedmart 99，KK Mart和杂货店-开放。

 2.邮局，TNB，水，警察局，银行，证券交易所-开放。

 3.高尔夫俱乐部，酒吧，酒吧，社交俱乐部，夜总会，按摩室-关闭。

 4.车间，剪刀店，咖啡店，餐馆-关闭。

 5.婚礼，包皮环切宴会，音乐会，剃刀，烈酒-取消。

 6.手机店，小工具店，五金店，钢铁店，草坪磨坊-关闭。

 7.清真寺，寺庙，庙宇，教堂，祈祷室，商会办公室-关闭。

 8.火葬场，坟墓，诊所，药房-开放。

 9.服装店，手袋店，金店，鞋店，反射店-关闭。

 10.裁缝店，赌场，水疗中心，体育馆-关闭。

图片来源：Herman Haassan

KUCHING: Sarawak has recorded a total of 34 positive Coronavirus Disease 2019 (Covid-19) cases since the state’s first confirmed case on Friday, said Chief Minister Datuk Patinggi Abang Johari Tun Openg.

He said in an effort to address this pressing issue, the state government has decided that all foreign and domestic visitors coming into Sarawak and returning Sarawakians, will be issued with a 14-day Stay Home Notice (SHN).

“This includes Sarawak residents, long term and short-term pass holders. This will take into effect on March 18,” he said.

He said relevant agencies will monitor the SHN holders through random visits, phone calls and modern technology applications.

Will it drop to RM1.50??

US rate: 0.25%
New Zealand: 0.25%
Canada: 0.75%
HK: 0.86%

US rate: 0.25%
New Zealand: 0.25%
Canada: 0.75%
HK: 0.86%

US rate: 0.25%
New Zealand: 0.25%
Canada: 0.75%
HK: 0.86%

All central bank around the started big rate cut

Fed slashes main interest rate to near zero in historic move designed to cushion economic blow of coronavirus pandemic

The Federal Reserve slashed its main interest rates to near zero in an emergency move. It's part of a broader government effort to ease the economic effects of the coronavirus pandemic.
The central bank also announced several other actions, including letting banks borrow from the discount window for as long as 90 days.
President Donald Trump, who long called for the Federal Reserve to cut interest rates, said the move made him "very happy."
Visit Business Insider's homepage for more stories.

The Federal Reserve slashed its benchmark interest rate on Sunday by a full percentage point to near zero. The Fed's key rate is now 0% to 0.25%, matching the record low it was last at in 2015.

The central bank also said it will increase its bond holdings by $700 billion. The emergency moves are part of a broader government effort to ease the economic effects of the coronavirus pandemic.

"The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States," the central bank said in a statement on Sunday.

"Global financial conditions have also been significantly affected," it added. "Available economic data show that the US economy came into this challenging period on a strong footing."

President Donald Trump, who long called for the Federal Reserve to cut interest rates, said the move made him "very happy."


Federal Reserve chairman Jerome Powell in a news conference on Sunday added that the move was triggered because "when stresses arise in the Treasury market, they can reverberate throughout financial markets and the entire economy."

The central bank also announced several other actions, including letting banks borrow from the discount window for as long as 90 days and reducing reserve requirement ratios to zero percent. In addition, it united with five other central banks to ensure dollars are available around the world via swap lines.

Fed slashes main interest rate to near zero in historic move designed to cushion economic blow of coronavirus pandemic

The Federal Reserve slashed its main interest rates to near zero in an emergency move. It's part of a broader government effort to ease the economic effects of the coronavirus pandemic.
The central bank also announced several other actions, including letting banks borrow from the discount window for as long as 90 days.
President Donald Trump, who long called for the Federal Reserve to cut interest rates, said the move made him "very happy."
Visit Business Insider's homepage for more stories.

The Federal Reserve slashed its benchmark interest rate on Sunday by a full percentage point to near zero. The Fed's key rate is now 0% to 0.25%, matching the record low it was last at in 2015.

The central bank also said it will increase its bond holdings by $700 billion. The emergency moves are part of a broader government effort to ease the economic effects of the coronavirus pandemic.

"The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States," the central bank said in a statement on Sunday.

"Global financial conditions have also been significantly affected," it added. "Available economic data show that the US economy came into this challenging period on a strong footing."

President Donald Trump, who long called for the Federal Reserve to cut interest rates, said the move made him "very happy."


Federal Reserve chairman Jerome Powell in a news conference on Sunday added that the move was triggered because "when stresses arise in the Treasury market, they can reverberate throughout financial markets and the entire economy."

The central bank also announced several other actions, including letting banks borrow from the discount window for as long as 90 days and reducing reserve requirement ratios to zero percent. In addition, it united with five other central banks to ensure dollars are available around the world via swap lines.

Fed slashes main interest rate to near zero in historic move designed to cushion economic blow of coronavirus pandemic

The Federal Reserve slashed its main interest rates to near zero in an emergency move. It's part of a broader government effort to ease the economic effects of the coronavirus pandemic.
The central bank also announced several other actions, including letting banks borrow from the discount window for as long as 90 days.
President Donald Trump, who long called for the Federal Reserve to cut interest rates, said the move made him "very happy."
Visit Business Insider's homepage for more stories.

The Federal Reserve slashed its benchmark interest rate on Sunday by a full percentage point to near zero. The Fed's key rate is now 0% to 0.25%, matching the record low it was last at in 2015.

The central bank also said it will increase its bond holdings by $700 billion. The emergency moves are part of a broader government effort to ease the economic effects of the coronavirus pandemic.

"The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States," the central bank said in a statement on Sunday.

"Global financial conditions have also been significantly affected," it added. "Available economic data show that the US economy came into this challenging period on a strong footing."

President Donald Trump, who long called for the Federal Reserve to cut interest rates, said the move made him "very happy."


Federal Reserve chairman Jerome Powell in a news conference on Sunday added that the move was triggered because "when stresses arise in the Treasury market, they can reverberate throughout financial markets and the entire economy."

The central bank also announced several other actions, including letting banks borrow from the discount window for as long as 90 days and reducing reserve requirement ratios to zero percent. In addition, it united with five other central banks to ensure dollars are available around the world via swap lines.

Dow Jones index dropped 969 points

Don't say nation, company also same. If company workers don't want to work hard and everyday secretly pick up company money from backdoor, how can the company to grow to rich company. The Management play important role.

If money going to the big snake mouth, the result will left only bone rather than money. By this, how to be rich country.

If no corruption, then it will save more money.

Dengan ini, tidak perlu pasang cctv di merata-rata Dan mengurangkan kos.

Undang Undang yang ketat Dan keras akan mengurangkan kadar kes jenayah yang semakin tinggi negara ini termasuk pesalah foreigner.

If they mencuri, potong one hand. Repeat again, potong another hand. See whether they dare to repeat the kesalahan. Should impose it very strict. By this, in Malaysia no more robbery and killing case.

The crime rate very high. Should impose potong tangan for robbery, ragut, mencuri. Membunuh and pengedar dadah should hukuman mati.

What about impose gst to 10% to cover the hole.

And more government revenue (gambling tax, liquor duty) from those sources will flying away. Workers from genting casino will be unemployed.

Musang King tiada harga. Harga katak pasti naik.

Era pemasaran katak. Kalau katak boleh ditempah secara online lagi murah. Hanya quote harga, pembeli akan cari kamu untuk berunding sendiri tanpa Anda cari pembeli.

Dahulu katak tiada pasaran. Sekarang jadi katak boleh untung banyak2.

Fed rate cut by 50 basis points to a target range of 1.00% to 1.25% on Tuesday.

The Fed surprised investors by cutting rates by 50 basis points to a target range of 1.00% to 1.25% on Tuesday, two weeks ahead of a regularly scheduled policy meeting.

Interest rate futures traders pricing in a 51.4% probability of a further 25 basis point cut in April, according to the CME Group's FedWatch Tool.

The rate cut failed to arrest a sell-off in U.S. equities and sent benchmark 10-year Treasury yields crashing to a record low 0.906%, further reducing the appeal of the dollar.

The Fed surprised investors by cutting rates by 50 basis points to a target range of 1.00% to 1.25% on Tuesday, two weeks ahead of a regularly scheduled policy meeting.

Interest rate futures traders pricing in a 51.4% probability of a further 25 basis point cut in April, according to the CME Group's FedWatch Tool.

The rate cut failed to arrest a sell-off in U.S. equities and sent benchmark 10-year Treasury yields crashing to a record low 0.906%, further reducing the appeal of the dollar.

The Fed surprised investors by cutting rates by 50 basis points to a target range of 1.00% to 1.25% on Tuesday, two weeks ahead of a regularly scheduled policy meeting.

Interest rate futures traders pricing in a 51.4% probability of a further 25 basis point cut in April, according to the CME Group's FedWatch Tool.

The rate cut failed to arrest a sell-off in U.S. equities and sent benchmark 10-year Treasury yields crashing to a record low 0.906%, further reducing the appeal of the dollar.

Dow Jones index dropped 785 points

Dow Jones index dropped 785 points

Dow Jones index dropped 785 points

PAS berharap unsur riba dalam pembayaran pinjaman Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) dapat dihapuskan.

Pandangan itu disuarakan Timbalan Mursyidul Am PAS, Datuk Ahmad Yakob yang mahukan peminjam PTPTN hanya perlu membayar jumlah pinjaman sahaja.

“Sekiranya kerajaan (diterajui Perikatan Nasional) hari ini tidak dapat menyelesaikan isu (menghapuskan hutang) PTPTN, jika dapat selesaikan tanpa riba pun sudah okay.

PAS berharap unsur riba dalam pembayaran pinjaman Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) dapat dihapuskan.

Pandangan itu disuarakan Timbalan Mursyidul Am PAS, Datuk Ahmad Yakob yang mahukan peminjam PTPTN hanya perlu membayar jumlah pinjaman sahaja.

“Sekiranya kerajaan (diterajui Perikatan Nasional) hari ini tidak dapat menyelesaikan isu (menghapuskan hutang) PTPTN, jika dapat selesaikan tanpa riba pun sudah okay.

Bank Negara lowers OPR by 25bps to 2.5%
BANKING
Tuesday, 03 Mar 20203:00 PM MYT

KUALA LUMPUR: The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%.

It said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.75% and 2.25%, respectively.

Bank Negara lowers OPR by 25bps to 2.5%
BANKING
Tuesday, 03 Mar 20203:00 PM MYT

KUALA LUMPUR: The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%.

It said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.75% and 2.25%, respectively.

Rompak Dan mencuri = potong tangan.
If rasuah, how? Need to potong tangan because rasuah is mencuri duit rakyat?

Rompak and mencuri = potong tangan.
If rasuah, how? Need to potong tangan because rasuah is mencuri duit rakyat?

GST 3%

GST 3%

GST 3%