“Digitisation is not a choice now but a need to ensure continuity of businesses for a long period. Companies need to speed up their digitalisation process in reducing human contact,” Azmin said in a statement.
Reopening the economy in a new normal May 3, 2020 1:14 PM
After 47 days of the movement control order (MCO), most businesses have been allowed to resume operations on May 4. As Malaysia’s economy wakes up from the necessary shutdown, which has been effective in arresting the spread of the Covid-19 pandemic, the days ahead will look very different. The economy reopens to a new normal. We enter with a grim picture at the beginning, facing an expected economic loss of RM63 billion from the MCO, as announced by the prime minister. Many people would have lost their jobs. Many firms, both large corporates and small and medium enterprises (SMEs), would not have escaped unscathed with many of them facing insolvency. The negative effects on credit markets, supply chains and worker productivity will only dissipate gradually. The policy objective now is to ensure firms return to their pre-crisis production and employment levels as rapidly and safely as possible, setting the foundations for longer-term productivity-driven growth, resilience and competitiveness. A detailed plan for the post-MCO phase would require close coordination between the private sector and the government. The unprecedented scale of the pandemic means that the return to work will need to be gradual and phased, and heightened caution is necessary to prevent further waves of infection. It is also important to ensure that the burden of Covid-19 prevention is not placed solely on SMEs who are already struggling to stay in business. The government, in recent days, has been working to provide information with standard operating procedures for employees to follow social distancing norms to ensure safe work conditions. This support is especially important for SMEs as such companies are likely to have lower capacity than larger ones to scale up the kind of management response necessary and to put in place adequate mitigation measures. For many industries, getting employees back to offices may remain the preferred manner of work. Until effective treatment or a vaccine becomes widely available, targeted scaling up of testing to identify positive infections may help alleviate some of the uncertainty and lack of confidence from workers and customers as businesses seek to reopen. Support to SMEs could also include co-financing for professional cleaning of premises in line with confirmed Covid-19 cases and access to business continuity insurance. While clear before, the current crisis has further increased the benefits SMEs could derive from using new technologies, for instance through remote work and online business platforms. Going forward, measures should be identified to further increase the rate of digitisation among SMEs in Malaysia. Subsidised or free broadband access and direct technical support could be provided to SMEs to accelerate the transition to digital platforms, including business to consumer (B2C) and business to business (B2B). In this context, renewed efforts to support workers’ reskilling and upskilling will be particularly important. Once businesses can safely operate, efforts should focus on boosting demand and reactivating supply chains. Adopting broad-based fiscal stimulus consistent with available fiscal space can help lift aggregate demand. In this regard, measures announced to accelerate and increase allocations for large public investment projects and programmes (for example, the East Coast Rail Link, Mass Rapid Transit 2, and the National Fiberisation and Connectivity Plan), should have a positive impact on demand during construction and could benefit growth in the longer run. Without support, SMEs tend to be disadvantaged from accessing public procurement contracts. In Malaysia, this may limit their capacity to benefit from the investment projects mentioned above. To that end, e-procurement could also be encouraged to further level the playing field for SMEs competing for tenders with larger companies. With regards to foreign direct investment, immediate efforts should focus on the retention of existing foreign investors, and the preservation of supply chains connecting foreign and domestic (often SME) suppliers. With supply chains and client relations disrupted by the crisis, government agencies can help SMEs reintegrate into supply chains and find new domestic and export markets to help reduce the time to recovery. In Malaysia, special attention should be placed to ensure firms in the electrical and electronics industry, retail and tourism sectors that are exposed to demand and supply shocks are supported. This is key to preventing an exodus of investments and subsequent job losses. It is important for the government to communicate how the current financial support measures for firms will evolve as the post-MCO reopening phase continues. It is critical to avoid removing support measures
Now Opcom is 57.5 sen while Redtone only 44 sen which is cheaper by 13.5 sen. So Redtone looks like much cheaper bargain now. Redtone loan stock finished paying 2.75% for I think 10 years already. Now all loan stock auto convert to Redtone shares at par. So no need pay 2.75% interest anymore to Redtone loan stock. This saving will now pass on to Redtone. Redtone already giving one sen dividend. May increase dividend to 2 sen. So 44 sen with 2 sen dividend is 4.5% yield. I think more people will discover Redtone potential later.
Top holder of redtone is Tsvt or Tan Sri Vincent Tan a good friend of Tun Dr M
2nd Top holder of Redtone is Johor Sultan a friend of Pm Muhyiddin
So redtone is good no matter who is in power Plus redtone loan stocks now all converted to mother share. No need pay loan stock int of 2.75 percent yearly
Can now increase dividend payout to redtone holders
With umobile securing nfcp I job redtone will be good
3 companies which has spectrum in the 2300MHz and 2600MHz bands does not have any commercial mobile network despite obtaining right to these spectrum a couple years ago. The 3 companies are Redtone, Altel (Puncak Semangat), AsiaSpace. With the latest announcement, these 3 companies will be able to retain their spectrum until 2021.
Why is redtone not use spectrum above allocated for mobile network?
Given the technical similarities between 2300MHz (TDD) and 2600MHz (TDD) spectrum, there are regulators which have considered them as a joint TDD block. For example, the IMDA in Singapore imposed a TDD spectrum cap applicable to total spectrum across both the 2300MHz (TDD) and 2600MHz (TDD) bands in the 2016/17 spectrum action.14 ► While the 2300/2600MHz (TDD) bands are suitable for 4G use today, they have been earmarked as potential bands for initial 5G deployment While the 2300MHz (TDD) and 2600MHz (TDD) bands have been deployed for 4G in selected markets globally, they have also been included in the initial 5G specifications published by 3GPP. As such,development of 5G-capable network equipment and end-user devices that support these bands is expected. In particular, the use of 2300MHz (TDD) and 2600MHz (TDD) specifically for 5G has been mooted by leading industry players. For example, leading network equipment vendor Huawei stated in 2019 that“TDD 2.6GHz/2.3GHz is the global golden spectrum of 5G”. As such, the development of 5G-capable devices with support for 2300MHz (TDD) and 2600MHz (TDD) is likely to accelerate.
Redtone have great potential in 5g deployment and already have right to use the spectrum.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3388 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Woodswater
3,778 posts
Posted by Woodswater > 2020-04-27 22:50 | Report Abuse
Superhero Cicakman welcom back
So many ppl looking for ur return
Wakakakaka