Posted by tkl88 > 2020-11-09 23:37 | Report Abuse

Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

(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.

Posted by tkl88 > 2020-11-10 00:26 | Report Abuse

Walaoeh, Dow Jones spike up to sky high !
As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-11 08:13 | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !
Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-11 19:34 | Report Abuse

Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 %)
Brent => $45.16 ‪(+1.55) (+3.55 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬

Posted by furball > 2020-11-11 22:45 | Report Abuse

Wonder about the investors here... how big is your portfolio? I am just a newbie.... starting small. Happy to learn from the seasoned investors. Tq in advance for your kind help.

Posted by tkl88 > 2020-11-17 07:58 | Report Abuse

Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 %)

Huat ah ! Heng ah ! Ong ah !

Posted by ABSBOSS > 2020-11-19 21:08 | Report Abuse

Is it maxis employee remanded?

Posted by tkl88 > 2020-11-20 08:03 | Report Abuse

Malaysia in deal with China for Covid-19 vaccine development
PUBLISHED : 18 NOV 2020 AT 19:40
WRITER: REUTERS

https://www.bangkokpost.com/world/2021843/malaysia-in-deal-with-china-for-covid-19-vaccine-development

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.

Posted by tkl88 > 2020-11-20 08:40 | Report Abuse

Khairy: Malaysia to pay RM94mil upfront for vaccine under Covax plan

* NATION
* Thursday, 19 Nov 2020 
10:53 AM MYT By MARTIN CARVALHO, RAHIMY RAHIM and TARRENCE TAN

https://www.thestar.com.my/news/nation/2020/11/19/khairy-malaysia-to-pay-upfront-rm94mil-for-vaccine-under-covax-plan

Posted by InsiderShark > 2020-11-20 18:01 | Report Abuse

Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:

1. Parliament will be dissolved and a snap election will be called
2. A state of Emergency in the whole country will be declared by YDPA
3. Muhyiddin will resign and YDPA will appoint an interim PM
4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.

Will the market go down? Will it crash? Take profit now or wait?

Posted by deathscythe > 2020-11-21 10:23 | Report Abuse

https://www.utusan.com.my/ekonomi/2020/11/maxis-cabar-tuntutan-tambahan-rm140j-lhdn/?fbclid=IwAR18oTr_J9zgT1yyQQHGWiHp2RgYAdrmFpgXmlFhdKiFPvR-llmHux11qbs

Hmmm. Maxis also kena.

Posted by tkl88 > 2020-11-25 07:08 | Report Abuse

Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 ‪(+1.89) (+4.39 %)‬
Brent=> $47.77 ‪ (+1.73) (+3.76 %)‬

Posted by tkl88 > 2020-11-25 07:40 | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !‬
Dow Jones closed at=> 30,046.24 (+454.97) (+1.54 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-26 20:40 | Report Abuse

Budget 2021 approved by Dewan Rakyat

Ahmad Naqib Idris/theedgemarkets.com
November 26, 2020 15:32 pm +08
https://www.theedgemarkets.com/article/budget-2021-approved-dewan-rakyat

Posted by tkl88 > 2020-11-26 20:40 | Report Abuse

KUALA LUMPUR (Nov 26): After a heated session during Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz’s wrapping-up speech on Budget 2021, the bill was approved at the policy stage.
Towards the end of the session, Dewan Rakyat Speaker Datuk Azhar Azizan Harun asked for a show of hands of those for and against the budget, and decided that there were more Members of Parliament (MPs) who agreed with the budget, although Pokok Sena MP Datuk Mahfuz Omar interjected and motioned for a tally of the votes.
However, this required 15 MPs to support the call for a tally. Only 13 stood up in support of the tally, according to the Speaker.
“There are fewer than 15 people [supporting the call for a tally]. There are more voices [in agreement with the budget]. The bill will see its second reading now,” he said.
The wrap-up by the minister was a heated one as ruling and opposition MPs furiously interjected for clarifications of certain issues, including the expansion of the Employees Provident Fund's (EPF) i-Sinar facility to include those receiving pay cuts due to the Covid-19 pandemic.
Subang MP Wong Chen claimed that the EPF’s inflows amount to no more than RM20 billion per year, and therefore could not cover the total increased allocation of RM70 billion for the i-Sinar facility.
“Where is the EPF going to find the extra RM50 billion? Are they going to sell their shareholdings in listed companies on Bursa Malaysia? If this hits the headlines tomorrow, we will have a big problem,” he said.
However, Tengku Zafrul clarified that the EPF is seeing inflows of RM80 billion per year, adding that the Ministry of Finance (MoF) had looked into the matter.
“I would like to correct the facts. We conducted a detailed analysis of this for over a week. Actually, the inflows are not RM20 billion, RM30 billion or RM40 billion. It is RM80 billion per year,” responded the minister.
Following that, Wong pointed out that withdrawals by contributors, amounting to RM40 billion to RM50 billion per year, had to be taken into account as well — before his microphone was muted by the Speaker.
The session quickly devolved into a shouting match among the MPs, which resulted in intermittent muting of the MPs’ microphones by a visibly irritated Speaker.
“This is embarrassing behaviour. We are debating on the budget and this is how we are behaving? The rakyat are watching all of us here!” he said.
Other points mentioned during Tengku Zafrul's speech included a reduction in allocation for the Special Affairs Department (JASA) to make way for increases in other allocations, although he did not elaborate.
On the various proposals for a further extension of the loan moratorium, he said all who are eligible — whether they are in the B40, M40 or T20 category — will be able to request for various forms of assistance, which also include reducing or rescheduling loan repayments, from their respective banks.

Posted by LaserJet > 2020-12-01 03:02 | Report Abuse

Someone dumped RM28million Maxis stock at 4.50pm....who and why?

Posted by speakup > 2020-12-02 22:59 | Report Abuse

EPF dump to raise money for iSinar

Posted by fishchu > 2020-12-03 22:31 | Report Abuse

Maxis Bhd has expanded its voice and unified communications (UC) solutions capabilities with the acqui-hire of Malaysian-based UC and voice cloud solutions company Audeonet (M) Sdn Bhd.
The communications service provider said the expanded portfolio is part of its ongoing commitment to build talent capacity and capabilities in sophisticated solutions for its enterprise segment, driven by the increasing need for greater collaboration in business in the new normal.This integration of Audeonet into Maxis follows the successful acqui-hire of Infrastructure Consulting and Managed Services, a Microsoft Gold Partner and cloud solutions company earlier this year.

Posted by ThousandWishes > 2020-12-05 12:39 | Report Abuse

Malaysia to muscle in on cable maintenance in its waters
SUBMARINE cable installation and maintenance is an extremely niche industry but several Malaysian companies have craved out a place for themselves.

They include Optic Marine Group and iFACTORS Sdn Bhd.

The larger brother here is Optic Marine, which has four cable ships and two barges capable of working all over the world to lay both power and data cables.

iFACTORS is backed by shareholders with previous experience in the optical fibre submarine cable industry, and has evolved from a telecommunication system integrator to a company providing niche solution in the provision of maintenance and implementation of submarine cable network.

Founded by Datuk Lim Soon Foo in the 1980s, Optic Marine is now fully capable of providing a complete range of services for the submarine cable industry, ranging from installation to scheduled maintenance to emergency repairs.

In an interview, Optic Marine said it has systematically built its assets and expertise over the years with the aim of carving out a larger slice of the pie.

However, it is also of the opinion that the whole of Malaysia must also pull its weight to create what it called a thriving ecosystem of the submarine cable industry.

“For example, in the Phillippines, which practices cabotage, the permit approval times are very short,” said Ronnie Lim, group chief executive officer for the Optic Marine Group.

“In places like Japan, South Korea and other developed countries, cabotage still exists, yet the entire difference is due to the existence of an ecosystem such as cable storage facilities.

“Here, we still have to sail elsewhere to pick up our cable supply before we can carry on with our work,” said Ronnie, who added that his company would like to invest in a cable depot here in order to improve response time and security.

Optic Marine plans to cut down its response time for cable repairs in Malaysian waters by procuring a ship that will be registered in the country.

“With the appropriate ecosystem, response time and costs can be brought down significantly as we support the region as well as the country,” said Ronnie, whose company owns four cable ships and two barges. Its first Malaysian-flagged barge was bought in 2015.

“We invested heavily for our planned growth that began from zero. It took us many years to grow to this stage,” he said, adding that if Malaysia could not rise up to the challenge, then its cable maintenance industry may end up being dominated by “countries wiling to put in the work to create the ecosystem”.

Citing data from the International Cable Protection Committee up to 2018, Optic Marine said many countries were able to create competitive cable maintenance companies within their respective cabotage regimes.

“You can see that the response time (for permitting) in Japan, the Philippines and South Korea are not impacted at all. On our part, we support the optimisation of the domestic shipping licence application process for both Malaysian and foreign players as we believe it will stimulate more competition and spur efficiency.

“This will provide the push for the creation of that ecosystem so that Malaysia can be a hub of the region. You cannot be a hub without having an ecosystem,” said Ronnie.

“If you are not cost-effective, they (telcos) will not take you,” he added.

Currently, Malaysian companies have to compete with Singapore’s Asean Cableship (ACPL), a joint venture of six Asean telecommunications companies incorporated in 1986, and is now one of the strong contenders for repairs and maintenance jobs in South-East Asia and the Indian Ocean. The other players competing in this space are SBSS China, Korean Telecom Submarine, Global Marine Systems, KCS Japan and NTTWEM Japan, with vessels flagged according to the jurisdiction of operation areas.

Yong Fah Choong, project director for the submarine division of Jati Tinggi Holding Sdn Bhd, an infrastructure construction company, said the factors that matter to cable and infrastructure owners lies in the responsiveness of the service provider, on the back of reasonable cost.

“Cable owners want the job to be done quickly and at a fair price,” said Yong, whose company has undertaken turnkey projects for many telcos as well as Tenaga Nasional Bhd as both main and sub-contractors.

“Malaysian cable contractors are on par with foreign crew in terms of competency or vessels when it comes to equipment. Ultimately, it will be all down to speed of delivery and cost when it comes to considering who will get the job.”

Posted by BoomBoomChak > 2020-12-21 22:54 | Report Abuse

https://www.freemalaysiatoday.com/category/bahasa/tempatan/2020/12/21/seperti-air-dan-elektrik-internet-p-pinang-diklasifikasikan-kemudahan-awam/?utm_source=FCM&utm_medium=Push

Posted by tkl88 > 2020-12-26 08:28 | Report Abuse

Next week is the windows dressing, will be the super bull market for KLSE !

Posted by tkl88 > 2020-12-26 08:28 | Report Abuse

Huat ah ! Heng ah ! Ong ah !

Posted by Juniper > 2021-01-07 18:02 | Report Abuse

Any news on Maxis? Today went up so much.

Posted by bryankumaran > 2021-01-08 09:45 | Report Abuse

It remain high for now.

Posted by Juniper > 2021-01-22 16:34 | Report Abuse

Today the price is below RM5.00. Can buy now?

Posted by STEADYBOMBIBI85 > 2021-01-24 22:37 | Report Abuse

Eurocham: No mention of lockdown after Feb 4 in meeting with Miti

https://www.thestar.com.my/news/nation/2021/01/24/eurocham-no-mention-of-lockdown-after-feb-4-in-meeting-with-miti#.YA1_G6wITnI.whatsapp

Posted by ABSBOSS > 2021-01-25 21:22 | Report Abuse

today MOH mention MCO only for 4 weeks only...Sapa jual coz of panic rugi la

Posted by MorningGlory123 > 2021-01-26 08:49 | Report Abuse

Allaying lockdown fears, Noor Hisham says MCO will likely end on Feb 4 followed by three-month CMCO (theedgemarkets.com January 25, 2021 23:27 pm +08)


https://www.theedgemarkets.com/article/allaying-lockdown-fears-noor-hisham-says-mco-will-likely-end-feb-4-followed-threemonth-cmco


May I know is it considered positive new or negative new ?

Posted by BursaInsight > 2021-01-28 17:33 | Report Abuse

from wallstreetbets to bursabets - join the reddit group
joining the trend to punish shorties

Posted by RainT > 2021-01-29 16:28 | Report Abuse

time come buy some

Posted by True > 2021-01-29 16:58 | Report Abuse

Just bought this evening .

Posted by ABSBOSS > 2021-01-29 20:28 | Report Abuse

Its good if klse like covid19 cases in Msia..always new high...Very good govt ...always new high

Posted by iFag > 2021-01-29 22:50 | Report Abuse

why so quiet here? I believe price is attractive now

Posted by RunFirstSupportRSS > 2021-01-30 21:28 | Report Abuse

Share market crash , US dow jone bubble pop
is time to drop future

Posted by RunFirstSupportRSS > 2021-01-30 21:29 | Report Abuse

RUN ! wait RM3

Posted by warrior > 2021-02-02 19:18 | Report Abuse

Below RM5

Buying opportunity.

Posted by STEADYBOMBIBI85 > 2021-02-09 23:11 |

Post removed.Why?

Posted by wongcl1818 > 2021-02-13 16:38 |

Post removed.Why?

Posted by ABSBOSS > 2021-02-17 15:24 | Report Abuse

Next Maxis qtr result not good ?

Posted by ABSBOSS > 2021-02-18 21:22 | Report Abuse

Maxis kena short ka nie

Posted by Keyman188 > 2021-02-19 08:28 | Report Abuse

All eyes on PM's MyDigital announcement as 5G roll-out plan expected

(theedgemarkets.com / February 19, 2021 07:30 am +08)

KUALA LUMPUR (Feb 19): All eyes are on Prime Minister Tan Sri Muhyiddin Yassin's "MyDigital — the Malaysia Digital Economy Blueprint" announcement slated for 9am today, which is expected to unveil the government's 5G roll-out plan.

The prime minister previously indicated, during his New Year's Eve address on Dec 31, 2020, that the government's national digital policy would have a particular focus on the development of the 5G network system.

A month before that, Communications and Multimedia Minister Datuk Seri Saifuddin Abdullah said the ministry remained committed to rolling out 5G technology by the end of 2022 or early 2023, as stated in the National Digital Network (Jendela) plan that falls under the 12th Malaysia Plan.

Saifuddin said the implementation of 5G would take into account connectivity, the people's readiness to receive the network, as well as regulatory and industry preparedness.

Six months prior to that, in May, the ministry awarded Telekom Malaysia Bhd, Celcom Axiata Bhd and units from Maxis Bhd and DiGi.Com Bhd the 700 megahertz (MHz) band of 5G network, which surprised many in the industry who were expecting an open tender process to take place.

However, the decision was subsequently cancelled, with Saifuddin citing "technical issues, laws and the need to follow a clear process" as the reason behind the cancellation.

Cont...

## https://www.theedgemarkets.com/article/all-eyes-pms-mydigital-announcement-5g-rollout-plan-expected

Posted by Keyman188 > 2021-02-19 11:07 | Report Abuse

Govt to invest RM15b over next 10 years to implement 5G nationwide

(theedgemarkets.com / February 19, 2021 10:05 am +08)

The government will invest RM15 billion over the next to years for the implementation of 5G nationwide, which is expected to create approximately 105,000 job opportunities.

This effort will be implemented through a special purpose vehicle under the Malaysian government. This entity will then be given the appropriate spectrum to own, implement and manage 5G infrastructure.


## https://www.theedgemarkets.com/article/govt-invest-rm15b-over-next-10-years-implement-5g-nationwide



-----------------------------------------------------------------------------------------


Telcos to get equal access to 5G infrastructure
Ahmad Naqib Idris

(theedgemarkets.com / February 19, 2021 10:09 am +08)

KUALA LUMPUR (Feb 19): The government will invest a total RM15 billion via a special purpose vehicle (SPV) over a period of 10 years for the purpose of a nationwide roll-out of 5G, with licensed telecommunications companies (telcos) provided with equal access to infrastructure.

Under the MyDigital blueprint, Prime Minister Tan Sri Muhyiddin Yassin said the SPV will be given the relevant spectrum to own, execute and manage 5G infrastructure.

“Insyallah, all licensed telecommunications companies will receive equal access in marketing their 5G services to their customers. The sharing of infrastructure cost will allow telcos to generate higher returns and therefore will be able to provide better and cheaper 5G services to customers,” he said.

He said Malaysians will be able to enjoy 5G access by year end in phases.


## https://www.theedgemarkets.com/article/5g-be-available-stages-year-end-malaysians-making-country-one-first-build-5g-ecosystem

Posted by TalkC > 2021-02-19 12:34 | Report Abuse

omg, 5g coming

https://www.thestar.com.my/news/nation/2021/02/19/malaysia-to-get-5g-in-stages-by-year-end-says-pm

Posted by jeannie > 2021-02-19 13:01 | Report Abuse

It's good news but a sudden drop yesterday

Posted by TalkC > 2021-02-19 13:24 | Report Abuse

good buy perhaps. hehe

Posted by PunTatBerSiul > 2021-02-19 16:33 | Report Abuse

"Govt to invest RM15b over next 10 years to implement 5G nationwide"
=========================================

RM15B in next 10 years? RM1.5B per year?

How sure this government will be reelected?

If government change this 10 year plan flushed down the toilet.

Posted by ABSBOSS > 2021-02-19 17:18 | Report Abuse

internet will be major concern of any govt lor...Change govt they will gostan to 4G ?

Posted by PunTatBerSiul > 2021-02-19 19:27 | Report Abuse

Yes. They may gostan not on technology but to change projects and the people involved. (read $$$$$$$).

Posted by ABSBOSS > 2021-02-19 19:43 | Report Abuse

I see maybe they got their own favourite telco ..huhuhuhu

Posted by DonWorryBeHappy > 2021-02-25 23:36 | Report Abuse

I bought in 4.70