KUALA LUMPUR: Malaysia will reopen its borders to international travellers starting April 1, says Datuk Seri Ismail Sabri Yaakob on Tuesday (March 8). The Prime Minister said visitors, as well as Malaysian returnees, who are fully vaccinated are not required to undergo quarantine upon arrival. They, however, must undergo a RT-PCR test two days before departure and a rapid test (RTK) upon arrival. As for travellers who have not been fully vaccinated, Ismail Sabri said the entry procedures will be explained by Health Minister Khairy Jamaluddin on Wednesday (March 9). ?As part of our ?Transitioning to Endemicity? phase, the government has decided to reopen the country?s borders from April 1. ?This move will revive the country?s economy, especially the tourism industry that has been heavily affected by the pandemic. ?The decision is made based on science and current facts related to Covid-19, as well as the reopening of borders in other countries...
@choysun, Difficult to say....my no.1 holding seems to be controlled by the big boys, so for short term it's up to them.....but longer term looks very good.
@choysun....Accumulation of my no.1 by funds are very obvious, so I don't kacau them, not posting any positive comments there and let them collect as low as possible...it's good for long term if they collect more :p
U.S. financial stocks plummeted across the board. Wall Street estimates that Western economic sanctions are not about killing one thousand enemies and hurting eight hundred people, but they may hurt eight thousand people. If the West freezes Russian assets, Russia will confiscate all Western assets.
Several international credit card companies announced today that they would stop working with Russian banks. Credit cards are issued through banks, which means that these credit cards cannot be used in Russia. According to Russian law, it is a default of the credit card company, and all credit cards owed by Russians with credit cards are written off. The claims of Western banks in Russia were also written off. Most of the Russian housing loans were issued by Western banks. The Russian housing slaves suddenly turned over and the mortgage loans owed to Western banks were written off.
There are also various types of insurance such as life insurance issued by Western banks in Russia. All default, the insurance company must spit out all the principal plus interest plus fines. The total amount of fines may be twice the insurance money, which is an exorbitant price. The assets and real estate of Western companies and all European-American citizens were frozen. The Wall Street Journal estimates that the direct loss of the West at least one trillion US dollars, plus various fines, may exceed three trillion. Russia's GDP in 2021 will not exceed $2 trillion. Wall Street believes that there is still huge room for the decline of US financial stocks, which will lead to a financial tsunami.
On the other side of the story, I did an article maybe a week ago, that many institutional investors are scooping up and buying shares in heavily beaten down russian-linked stocks. Probably selectively, but just saying its not all doom and gloom
1 April all open. Genting will start making profit all the way and getting more and more. Expect Q1 2022 better than Q4 2021 due to Theme park open. Expect Q2 2022 better than Q1 2022 due to 1 April all open.
?We are positive on this news as this will spur economic activities and boost the tourism industry. The decision to no longer limit operation hours for businesses will also help to generate higher sales,? CGS-CIMB Research said. ?Stocks that we like under this thematic play are Malaysia Airports Holdings Bhd (MAHB), Genting Malaysia Bhd, Genting Bhd, Carlsberg Brewery Bhd, Heineken Malaysia Bhd, Bonia Corp Bhd, IGB REIT and IHH Healthcare Bhd,? the research house said in a March 9 note.
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....
OnTime
2,188 posts
Posted by OnTime > 2022-03-09 19:50 | Report Abuse
war or no war, the sanctions and counter sanctions by both sides won't be lifted anytime soon. Still a shitty situation.