Paragon Globe aims to be township developer
As we aspire to grow into an integrated township developer, we hope we can soon benchmark ourselves against such developers. Hua Choon, who is widely known as the Casio King, remains a substantial shareholder of Paragon Globe with a 9% stake. We applied to build one in Ulu Tiram (using our private company), then another one in Sepang (using Paragon Globe),” he reveals. “We aspire to become a township developer rather than just a boutique developer. Goh points out that to kick-start the development, Paragon Globe plans to build drive-through restaurants, corporate offices and shopoffices.
Source:The Edge Markets
March 31, 2020 08:03 UTC
Consult the Experts
However, before you decide where and how to invest this RM1,800, I would encourage you to take the following questions into consideration. Do you have your short-term, medium-term and long-term financial goals identified and the road map to each goal drawn out? Have you identified your risk profile, required rate of return and investment duration for each goal? This method uses the dollar cost averaging concept to manage market volatility, which will benefit investors in the long term. Send it to: Consult the Experts, Personal Wealth, Level 3, Menara KLK, No 1, Jalan PJU7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor; Fax: (03) 7721 8018; email: [email protected], Attn: Consult the Experts.
Source:The Edge Markets
March 31, 2020 06:56 UTC
Dr M helps food delivery workers earn a living
PETALING JAYA: Former prime minister Tun Dr Mahathir Mohamad is helping food delivery workers earn a living by ordering food from home while under the movement control order (MCO). He posted an 18-second video of a food delivery person delivering to his house on his Facebook page on Tuesday (March 31). "Thank you, Mr Alfatah, who delivered my food which I had ordered. "I think this is one of the ways I can help to increase their income as we obey the MCO," he said. The country is currently under MCO until April 14 due to a spike in Covid-19 cases.
Source:The Star
March 31, 2020 06:45 UTC
Women Ministry criticised over Doraemon 'household happiness' posters
PETALING JAYA: A series of posters on "Kebahagian Rumahtangga" posted on the Women and Family Development Ministry's Facebook page has raised the ire of women over their sexist messaging. "These posters stereotype women as being bossy and naggy," says Women's Aid Organisation's advocacy officer, Tan Heang-Lee. "They also send the message that it's women's responsibility to change their behaviour in order to avoid conflict at home. "The ministry has the responsibility to promote healthy role models for women, families and communities. Given the increased risk of domestic violence during the MCO, the ministry should be doing more domestic violence prevention public service announcements, said Tan.
Source:The Star
March 31, 2020 06:00 UTC
Six called up over missing RM250k reported by Syed Saddiq
PETALING JAYA: Police have called in six individuals to have their statements taken over the case of missing money involving former youth and sports minister Syed Saddiq Syed Abdul Rahman. Petaling Jaya OCPD Asst Comm Nik Ezanee Mohd Faisal said they would have their statements taken at noon at the district police headquarters on Tuesday (March 31). A police report lodged by Syed Saddiq on March 29 sighted by The Star said that an estimated RM250,000 in cash was missing after the Muar MP decided to check his safe at 7pm on March 28. Syed Saddiq denied that the missing sum from a safe in his Petaling Jaya home belonged to Parti Pribumi Bersatu Malaysia (Bersatu). “In fact, in the police report lodged on March 29, I never stated that the money was owned by Bersatu.
Source:The Star
March 31, 2020 05:15 UTC
Grocery shopping: The only chance to socialise during a Covid-19 lockdown
Grocery shopping is usually low on the list of fun things to do. The local supermarket is now a lifeline for at least one Rome resident, 56-year-old Massimo Moi. “It’s the only time I see people in real life, ” said Moi, who has looked forward to shopping twice a week ever since Italy’s lockdown began earlier this month (March 2020). Inside shops, many retailers now require customers to wear plastic gloves, provided on entering. In Italy, some grocery stores have installed Plexiglas panels at the checkout to prevent close contact between cashiers and customers.
Source:The Star
March 31, 2020 04:52 UTC
Coronavirus epidemic 'far from over' in Asia - WHO
BEIJING: The coronavirus epidemic is “far from over” in the Asia-Pacific region, and current measures to curb the spread of the virus are buying time for countries to prepare for large-scale community transmissions, a WHO official said on Tuesday. Infections have now exceeded 770,000 cases worldwide, with the United States, Italy and Spain overtaking mainland China in confirmed cases. The epidemic is far from over in Asia and the Pacific. The WHO does not expect any country to be safe, as the coronavirus will eventually get everywhere, said WHO technical adviser Matthew Griffith. The focus of the epidemic is now on Europe, but that will likely shift to other regions, Griffith said.--REUTERS
Source:New Strait Times
March 31, 2020 04:30 UTC
Global race to safeguard future
Last Monday, I asked a former student (currently active in politics) two questions on the recent RM250 billion economic stimulus package announced by the Prime Minister. On Friday, March 20, there were only 13 deaths; a week later (March 27), it almost doubled to 23 deaths. A local daily last Monday quoted Finance Minister Datuk Seri Tengku Zairul Tengku Abdul Aziz as saying that the stimulus package “did not touch” the Bank Negara Malaysia (BNM) reserve. They suggested that Putrajaya should raise funds for its stimulus package by borrowing directly from capital markets, either BNM or Petronas. In this global race to respond to the pandemic, Malaysia is not the first to do so; but it is also not the last.
Source:New Strait Times
March 31, 2020 03:56 UTC
Health DG: Play your part, Malaysians
KUALA LUMPUR: The public plays a crucial role in battling the Covid-19 pandemic, said Health director-general Datuk Dr Noor Hisham Abdullah. Dr Noor Hisham reminded all Malaysians to play their part, adding that they were the key to stopping the spread of the deadly virus. In addressing this unprecedented situation, Dr Noor Hisham said new measures had been instituted, including the Movement Control Order (MCO). He also assured that all health personnel were doing their best to ensure the safety of all people, and that public health remained their priority. We thank you all.”Dr Noor Hisham also thanked contributors, from big or small organisations and even individual, who had shown generosity.
Source:New Strait Times
March 31, 2020 03:45 UTC
First Person: Never too late to be an investor
Chong Kaw Choi, a certified financial planner, dove deep into the world of stock investing rather late in life, at the age of 47. In January, he published his first book, Invest like a Stock Market Guru: The Complete Value Investing Guide that Works. The following year, he started investing in the local stock market using value investing principles. However, he agrees that he embarked on the value investing journey a little too late. Like other value investors, Chong likes companies with an established profit track record, healthy cash flow and low debt.
Source:The Edge Markets
March 31, 2020 03:33 UTC
My Say: Winning the Covid-19 war
There have been more than 300,000 Covid-19 cases and almost 15,000 deaths from the disease across 190 countries around the world so far. The predicament is that the public health solution to the pandemic is tantamount to an economic shutdown! Therein lies the major challenge in this war against this unseen enemy. These economic projections are made on the assumption that the pandemic, or the worst of it, will end before the year is out. The conclusion is that we are looking at the resulting economic crisis in the 12 or possibly 24 months beyond the pandemic.
Source:The Edge Markets
March 31, 2020 03:33 UTC
#TECH: Don't just 'Main Forward' your WhatsApp messages
The forwarding things blindly have risen lately amid the Cover-19, and we’ve heard and seen many cases of fake messages out there. According to Internet security company Kaspersky, two years back, its analysts discovered a malware, which read and stole messages from apps such as WhatsApp. “As such, we recommend that people take extra care to validate information they trust and share to avoid adding to the problem,” said Yeo. Seek to validate information passed along by word of mouth/WhatsApp/social media. If you can’t validate information, think before you share it, and be responsible with information you pass along or repost.
Source:New Strait Times
March 31, 2020 03:00 UTC
Japan coronavirus infections top 2,000 cases
TOKYO: Coronavirus infections in Japan topped 2,000 cases on Tuesday, according to a Reuters calculation based on ministry data and media reports. A centre for disabled people in Chiba prefecture, east of Tokyo, found seven more infections on Tuesday, bringing the total there to 93, Kyodo News reported. Elsewhere, more infections were found in Ehime, Fukui, Kagawa, and Tokushima prefectures, as well as in a doctor and nurse in Tokyo’s cancer research hospital, according to Kyodo and public broadcaster NHK.
Source:New Strait Times
March 31, 2020 02:48 UTC
Health personnel 'camp' three days on Pulau Gaya to contain Covid-19
KOTA KINABALU: The state’s healthcare personnel had spent three days on Pulau Gaya here to conduct prevention of and control Covid-19 infection among the islanders. Sabah Health department (JKNS) director Datuk Dr Christina Rundi said the activity was conducted by the Kota Kinabalu Health Office from March 28 until yesterday. Health personnel taking samples of 1,600 people from Pulau Gaya to test for Covid-19. During a joint operation, JKNS’s Inspectorate and Legislation unit together with police, local authorities and RELA personnel had inspected 309 premises, and ordered three water dispensing machines in Sandakan to be closed. The operation went smoothly with support and cooperation from the National Security Council, police, army and RELA.
Source:New Strait Times
March 31, 2020 02:48 UTC
World Bank lowers Malaysia 2020 GDP target to -0.1%
KUALA LUMPUR (March 31): The World Bank has lowered its gross domestic product (GDP) target for Malaysia to -0.1% in 2020, against the backdrop of growing uncertainty over the duration and overall impact of the Covid-19 outbreak. This is a significant drop from its previous GDP target of 4.5%. Looking ahead, the World Bank said net exports and investments in Malaysia are expected to experience a larger contraction in 2020, while private consumption is expected to grow at a much slower pace, from 7.6% in 2019 to 1.6% in 2020. On the stimulus package, the World Bank said while it could help to mitigate the immediate impact of the outbreak, a deeper economic policy response would be needed should the health crisis deepen and result in a longer duration of economic disruption. “More targeted fiscal policy interventions would be needed to help mitigate the impact of the crisis on vulnerable households and businesses, as well as increase public health capacity.
Source:The Edge Markets
March 31, 2020 02:37 UTC