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| China stocks rise on boost of new energy vehicles, foreign inflows |
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Posted by: superadmin - 04-19-2021, 02:24 PM - Forum: Business, Economy and Investment
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SHANGHAI: China stocks started the week on a firm note on Monday led by robust gains for new energy vehicle firms, while strong foreign inflows also helped sentiment.
The CSI300 index rose 2.1% to 5,069.66 points at the end of the morning session, while the Shanghai Composite Index gained 1.3% to 3,471.17 points.
Leading the gains on Monday, the CSI new energy vehicles index jumped 5.7% after Huawei’s launch of automated-driving solutions on Sunday.
Also helping support the market, foreign investors purchased a net 14.2 billion yuan (US$2.18 billion) worth of A-shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.
“Driven by declining interest rates for the short-term and upbeat corporate earnings, the A-share market is expected to continue rebound,” Southwestern Securities noted in a report.
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| PM launches US$1bil partnership with Microsoft |
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Posted by: superadmin - 04-19-2021, 02:17 PM - Forum: Business. Economy and Investment
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PETALING JAYA: Malaysia will be working with Microsoft to establish an inclusive digital economy through the Bersama Malaysia initiative in the next five years.
Speaking at the launch of Bersama Malaysia today, Prime Minister Muhyiddin Yassin said the initiative will cost at least US$1 billion, or RM4 billion.
It is said to be Microsoft’s “most significant investment” in Malaysia in the past three decades, which will see the company establishing its first data centre region in the country, among others.
Muhyiddin said this will comprise “multiple data centres to manage data from various countries”, all running on renewable energy by 2025.
It will also generate US$6.90 (RM28.3) for every US$1 (RM4.20) of Microsoft Malaysia’s cloud revenue and create about 19,000 job opportunities, including 4,000 IT-related jobs.
The Bersama Malaysia initiative also includes Microsoft partnering up with the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU), the Human Resources Development Fund (HRDF), Petronas, Celcom and Grab.
“I was made to understand by Microsoft that these partnerships will help skill, in various degrees, up to one million Malaysians by the end of 2023.
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| Bitcoin suffers flash crash following week of crypto hype |
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Posted by: superadmin - 04-19-2021, 11:39 AM - Forum: Business, Economy and Investment
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New York (CNN)After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14% in less than an hour, from about $59,000 to $51,000, on Saturday night before rebounding. Other popular cryptocurrencies including ethereum and Dogecoin also fell dramatically, before recouping some of their losses.
Bitcoin has skyrocketed in value this year as it gained more mainstream acceptance, but the sharp price fall this weekend seems to have been triggered by an unconfirmed Twitter rumor that the US Treasury was planning to crack down on money laundering schemes involving cryptocurrencies. The agency did not immediately respond to a request for comment on Sunday.
Bitcoin's rapid overnight plunge is the latest indicator that the crypto market remains wildly volatile.
Last week crypto enthusiasm seemed to reach a peak as trading platform Coinbase went public at a valuation of $86 billion, followed by a wild 500% rally in Dogecoin — an asset that was created as a joke in 2013. Cryptocurrency backers have spent years insisting that bitcoin, ethereum and other digital coins could revolutionize the world of finance, and with the success of Coinbase's Wall Street debut Wednesday, those backers are finally having their moment.
Tesla has started accepting bitcoin payments for its cars and now holds some of the digital currency on its balance sheet. Payment processors including PayPal (PYPL), Mastercard (MA) and Visa (V) are trying to streamline crypto payments on their networks. Meanwhile, Goldman Sachs will reportedly soon offer its private wealth management clients avenues to invest in bitcoin and other digital currencies and Morgan Stanley announced that it will offer its wealthy clients access to bitcoin funds.
CNN's Julia Horowitz contributed to this report.
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| Are we responsible enough for special rights? |
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Posted by: superadmin - 04-19-2021, 11:17 AM - Forum: Politics
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Quote:And such serious fighting also seems to allow for a few breaks in the rules. You can lie and cheat and steal and be corrupt because you are fighting the supreme battle; anything goes if you are fighting for your people.
I am still waiting to see that politician who had fought so hard and sacrificed so much for his people that he is now dirt poor, having lost or given away everything in the good fight. Still waiting.
There’s a lot of drama about how well we are learning the three Rs, though it could possibly be a comedy or perhaps even a tragedy, and not likely to have a happy ending for our nation.
We grew up learning the 3 R’s – Reading, ‘Riting and ’Rithmatics. But now we seem to be fixated on another set of R’s – Rights and Responsibilities.
I take back my words. Our fixation seems to be purely on Rights.
You can hardly hear yourself think amid the deafening noise of yet another politician shouting about his or her battle to fight to protect our rights.
Malays are especially lucky to have so many rights, and so many heroes fighting for their rights. If I can get one ringgit for each Malay political or non-governmental organisation or religious hero (are they different?) fighting for my rights, I would probably be as rich as them.
We do have the Constitution to thank for some of our unique privileges that make the Malays “special”, and I hear a lot of pride in this special status. Which leads to a lot of fighting to protect them.
The question we don’t ask often enough is whether this special status means we are super-duper top of the world, or special as in an endangered species that needs protection?
Bonus question – should Malays fight to keep this special status, or fight to lose them because we no longer need protection? This is a tough one.
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| Time for a new govt to lead us out of this mess, says Zaid |
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Posted by: superadmin - 04-19-2021, 10:49 AM - Forum: Politics
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PETALING JAYA: Former federal minister Zaid Ibrahim has called for a general election to be held, preferably by mid-year, in order for a new set of capable leaders to take over because “this government has failed in a monumental way”.
Zaid that Malaysia’s biggest issue was not the economic downturn nor Covid-19, but the weak leadership in Putrajaya.
“The most important thing is to have a set of capable leaders to lead us out of this mess. I think, and many people think, that this government has failed in a monumental way.“How do we change this? The only way is through an election.
“Only a government given the mandate by the people can do the best job. I would urge the leaders as well as our King to look at this issue again and call for elections,” said Zaid, a former law minister.
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| Covid-19 compared with other deadly viruses |
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Posted by: superadmin - 04-19-2021, 10:42 AM - Forum: Covid-19 Pandemic
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PARIS, April 19 — The global death toll from Covid-19 passed three million on Saturday, with the pandemic already having killed more people than most other viral epidemics of the 20th and 21st centuries.
But there have been notable exceptions. The post-World War I Spanish Flu wiped out 50 million people, according to some estimates. And over the decades AIDS has killed 33 million.
Here are some comparisons:
Flu epidemics
n 2009, the H1N1 virus, or swine flu, caused a global pandemic and left an official death toll of 18,500.
This was later revised upwards by The Lancet medical journal to between 151,700 and 575,400 dead.
That brings it close to seasonal flu, which accounts for between 290,000 and 650,000 deaths worldwide every year, according to the World Health Organization.
In the 20th century, two major non-seasonal flu pandemics — Asian flu in 1957-1958 and Hong Kong flu in 1968-1970 — each killed around one million people, according to counts carried out afterwards.
The greatest catastrophe of modern pandemics to date, the flu pandemic of 1918-1919 also known as Spanish flu, wiped out some 50 million people according to research published in the 2000s.
Other viral epidemics
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| Transport minister: Govt considering plans to regulate p-hailing services |
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Posted by: superadmin - 04-19-2021, 10:34 AM - Forum: Business. Economy and Investment
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JOHOR BARU, April 18 — The government is considering creating a regulatory body to oversee p-hailing services, which involves the delivery of parcels and food items using motorcycles.
Transport Minister Datuk Seri Wee Ka Siong said it was high time this body is seen as an important requirement as part of efforts to protect the welfare of the riders.
This has become a pressing matter as currently, there is no specific body to oversee the sector, Wee said.
“I feel we need a policy just like e-hailing, which at one time was also not regulated. As such, the ministry is looking into having discussions on how we can protect the p-hailing (riders).
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| So, what are the chances Azmin, Zuraida and Saifuddin will get re-elected in GE15? |
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Posted by: superadmin - 04-19-2021, 09:49 AM - Forum: Politics
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KUALA LUMPUR, April 19 — With loud chatter about the general election being just around the corner, the three ex-PKR lawmakers who defected to help form the Perikatan Nasional (PN) government might face a gargantuan task trying to win over the electorate this time around, said pundits.
Regardless of whether they decide to contest as incumbents or become parachute candidates elsewhere, Datuk Seri Mohamed Azmin Ali, Datuk Zuraida Kamaruddin and Datuk Saifuddin Abdullah are not going to have an easy time of it.
Voters in these constituencies have already expressed distaste towards their MPs, with many not able to get over the stigma of the trio’s involvement in the ‘Sheraton Move’ that led to the collapse of Pakatan Harapan (PH).
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