Often, the reason given was that female investors were less active and not as savvy as the men. In 2021, new CDS accounts opened by female investors fell 10.48% y-o-y to 76,164. The ADTV of female investors were RM258 million and RM239.5 million in 2018 and 2019 respectively. Yet, he says people should not look at female investors as a homogenous group, as shown by Bursa’s analysis. “We should not automatically assume all female investors behave the same way and go through similar trading experiences.

PR1MA Corporation Malaysia, the agency responsible for developing affordable housing projects in the country, is seeking a strategic investment from the Qatar Investment Authority (QIA). Is it for investment opportunities that are separate from PR1MA’s affordable housing projects or is it to fund these projects? It is still unclear, however, as to the level of returns that QIA will require from the RM8.1 billion investment. Besides PR1MA, the government also has other affordable housing programmes such as the Perumahan Penjawat Awam Malaysia and Federal Territory Affordable Housing Programme (RUMAWIP). The purpose of the MOU was to explore a potential collaboration between the parties to provide funding for new PR1MA housing projects.

According to Norges Bank Investment Management, the fund’s ownership in BCorp had risen to 1% from 0.32% while its stake in Genting Malaysia was higher at 1.3% compared to 0.7%. Meanwhile, the fund’s ownership in PetChem increased to 0.59% from 0.46%, according to Norges Bank Investment Management. Norges Bank Investment Management said the fund’s ownership in Bursa was cut to 0.85% from 2.59%, while its stake in Top Glove was lower at 0.57% compared to 0.89%. Meanwhile, the fund’s ownership in Serba Dinamik decreased to 0.04% from 0.07%, according to Norges Bank Investment Management. We aim to achieve this in a safe, efficient, responsible and transparent manner, and within government guidelines,” Norges Bank Investment Management said.

PONTIAN: The number of Kampung Sri Gambut flood victims seeking shelter at a temporary relief centre here has gone up to 19 as of 4pm on Wednesday (May 4). According to the Malaysian Civil Defence Force, they are from four families in the village and are all putting up at the relief centre in SK Melayu Raya. "The number stood at 11 earlier (today)," it said in a statement. It was earlier reported that 11 people from two families were moved to the centre after their homes were flooded. This followed two hours of heavy rain from about 3.30am.

LEMANG is a customary treat for Muslims when celebrating Hari Raya Aidilfitri. Farid Iskandar Mahlop Ismail said the cost of making lemang had gone up because of an increase in the price of raw ingredients. “We have been selling lemang for about 10 years, except for last year due to the Covid-19 pandemic,” he added. Another lemang seller, who wished to be known only as Osman, said lemang cost RM11 per stick in 2019. “I have been selling lemang for the same price in Bercham for about three years and I will try my best to maintain it.

Vietnam stood to gain most from TPP trade “normalisation”, owing to punitive post-war US trade sanctions. Bogus claims for trade dealVarious studies — including two by US government agencies — all found negligible trade gains from the TPP. The Peterson Institute of International Economics (PIIE) has been the principal TPP and Comprehensive and Progressive TPP (CPTPP) cheerleader in the West. Its report found supposed TPP gains to be paltry over the long time horizon involved. There are dubious gains from ratifying the CPTPP, especially in the light of its paltry benefits.

“For building projects, key materials such as steel bar, cement and diesel account for a lower percentage —10% to 15%. Still, not every contractor is able to overcome the rise in building material costs. “Raw material prices are always fluctuating and we have to take that into account in our tender pricing. “The drastic increase in building material prices, along with the rise in subcontractor and foreign labour costs, is unprecedented. Ahmad ’Asri says: “The increase in material prices will [raise] construction costs by 8% to 15%.

KUALA LUMPUR: A human resources manager lost over RM132,900 after being conned by a person posing as a Health Ministry official. City Commercial Crime Investigation Department chief Asst Comm Mahidisham Ishak said that the 47-year-old victim lodged a report on the matter on April 30. ACP Mahidisham said the victim was then told she had a criminal record for involvement in money laundering activities. ACP Mahidisham said the victim was then contacted again on April 30 and ordered to transfer more money. ACP Mahidisham said that the public can also cross check suspicious bank account and mobile phone numbers through the http://ccid.rmp.gov.my/semakmule website.

It is very fashionable to talk about decentralised finance (DeFi), meaning finance that is more democratic or broad-based than centralised finance (CeFi), which is conventional finance. The concentration comes from the network effect in which a few hubs dominate the connections to the users (nodes versus links). They do not worry about the volatility of the cyber currency because they hold it for payment convenience. In other words, digital assets are now being created and traded using cyber currency because the young find it convenient. In most cyber currency outfits, the sponsors “mine” or create the cyber currency and benefit if the liability side (the cyber coin) reaches higher market valuation.

YANGON (Xinhua): Myanmar's Ministry of Health on Sunday (May 1) lifted the quarantine requirement for fully vaccinated travellers who test negative for Covid-19 in a rapid test at the Yangon International Airport. The rapid diagnostic test (RDT) for Covid-19 at the airport costs 15,000 kyats per testing for travellers, and the result comes within an hour, the health ministry said. All foreign travellers entering the country before Sunday had to wait in quarantine at designated hotels for about 24 hours for the RT-PCR (polymerase chain reaction) test result. Myanmar's health ministry said it has lifted and shortened the quarantine periods as the Covid-19 positivity rate of incoming tourists was very low. The health ministry's official figures showed that over 23.47 million people in Myanmar have been fully vaccinated against Covid-19.

BRUSSELS (May 2): EU antitrust regulators charged Apple on Monday (May 2) with restricting rivals' access to its NFC chip technology in a move that could result in a hefty fine for the iPhone maker and force it to open its mobile payment system to competitors. The European Commission said it had sent a charge sheet known as a statement of objections to Apple, detailing how the company had abused its dominant position in markets for mobile wallets on iOS devices. "We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple's devices," EU antitrust chief Margrethe Vestager said in a statement. "In our statement of objections, we preliminarily found that Apple may have restricted competition to the benefit of its own solution Apple Pay," she said. The Commission's decision to send a charge sheet known as a statement of objections to Apple confirmed a Reuters story in October last year.

A sharp rise in inflation can affect inflation expectations, reduce public spending and demand and, as a result, economic growth. The government acknowledges the impact of inflation on the economy and households, and has taken various measures to help the nation face these challenges. Inter-relationship between the ringgit, interest rates and intercountries’ trade valueAnother fact to acknowledge is that the movement of any currency, including the ringgit, is closely related to inflation rates and monetary policies. Singapore has raised their policy rates three times in the last six months, while South Korea, twice this year. The ringgit can be strengthened, but...To strengthen the ringgit and control inflation, some have suggested that Bank Negara raise interest rates and tighten our monetary policy.

(May 2): A widespread sell-off in China is rippling through emerging markets, threatening to snuff out growth and drag down everything from stocks to currencies and bonds. That’s pushing them to sell not just China’s currency, bonds and stocks but the assets of any developing nation which relies heavily on trade with the second-biggest economy. The MSCI Emerging Markets Currency Index, with almost a 30% weight for the Chinese currency, tumbled in tandem. “If China’s economy slows significantly, emerging markets currencies as well as the yuan could experience a period of elevated and persistent volatility,” said Brendan McKenna, a currency strategist at Wells Fargo Securities in New York. Money managers quickly moved to downgrade their currency outlook for emerging markets.

KUALA LUMPUR: Percetakan Nasional Malaysia Bhd (PNMB) has developed a mobile application to counter the increasing use of fake academic certificates purportedly issued by public and private institutions of higher learning. Its Security Design and Security Printing Unit head Razlan Abdullah said the MySijil app was developed to scan certificates or security documents produced by PNMB to verify their authenticity. "The app is currently being used by 17 higher education institutions including International Islamic University Malaysia, Universiti Putra Malaysia, and Infrastructure University Kuala Lumpur. "It is also being used by Kolej Universiti Poly-Tech Mara Kuala Lumpur, and the Technical University of Malaysia," he said in a recent interview. He noted that low-security features in certificates, diplomas and degrees awarded by higher learning institutions in the country have apparently allowed fake degree scams to proliferate.

SYDNEY (May 2): Qantas Airways Ltd said on Monday (May 2) it had ordered 12 A350-1000 planes from Airbus SE to be used on what will be the world's longest commercial flight from Sydney to London as well as 40 narrow-body jets to renew its domestic fleet. Non-stop flights from Sydney to London, which will take nearly 20 hours, will begin in late 2025 following the delivery of A350-1000s, the airline said. The A350s will carry 238 passengers across first class, business class, premium economy and economy class, with more than 40% of the cabin dedicated to premium seating, it added. The deliveries of 20 A321XLRs will start in late 2024, while 20 smaller A220s will arrive from late 2023, renewing the carrier's ageing domestic fleet. Qantas in December selected Airbus as the preferred supplier for a major order to renew its ageing narrow-body fleet in a blow to incumbent supplier Boeing.