2021 Budget: Government to proceed with HSR project By New Straits Times - November 6, 2020 @ 8:20pm https://www.nst.com.my/news/nation/2020/11/638836/2021-budget-government-proceed-hsr-project KUALA LUMPUR: The government will proceed with the Kuala Lumpur-Singapore High-Speed Rail (HSR) infrastructure project. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, in tabling the 2021 Budget in the Dewan Rakyat today, however said the implementation of the project was subject to discussions with Singapore. "The government will continue the HSR project as this project is expected to generate a positive multiplier effect to the country's economy," he said.
President Biden is favours to world trade ! World economy will start booming from today onwards ! And asian stock markets including KLSE will be in bull market from today onwards !
(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.
Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.
Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.
A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”
Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.
The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.
Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.
KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.
Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement. Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.
Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.
"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.
THE MOTHER OF ALL BUDGET 2021 Beneficial to Healthcare, Technology, Defense, Construction and Properties.
RM 1 Bil to containment measures (COVID 19) Potential beneficiaries diversify into the prod of PPE 1. Komark 2. Notion 3. Prolexus 4. Caely 5. Nova Wellness Group
Covid test kits, reagents and consumables 1. Hong Seng 2. ACO 3. Nexgram
RM 15billion for transport infra dev Johor bahru singapore rapid transit Link Mass Rapid transit Line 3 Central Spine Project (Kelantan Pahang) Klang Third Bridge Pan Borneo Highway Sabah 1. MMC corp 2. Gamuda 3. George Keng 4. Gabungan AQRS 5. Pansar 6. Bina Puri
RM 7.4b to BUILD and UPGRADE Broadband services Telco 1. Telekom 2. Maxis 3. Digi 4. Axiata
Increase Home ownership till 2025 Property Dev 1. Eco world 2. SP Setia 3. Sime Darby 4. IOI Properties 5. Mahsing 6. Titijaya
National Sovereignty 1. Destini 2. Boustead Heavy Industries Corp
High Incentives for high tech and value added firms 1. INARI 2. Vitrox 3. UMC 4. All of whom located in batu kawan industrial park
Sales tax examption for purchase of buses (Listed bus operators) 1. KTB 2. GETS
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....
greenberg
197 posts
Posted by greenberg > 2020-10-23 07:43 | Report Abuse
Today momentum