$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ When Anhua said that the stock market would reach 1700 points by the end of this year, I told the people around me that even staying at 1600 would be considered a miracle. As a result, the Anhua believers around me kept saying that what he said would definitely come true. Now, there is only one month left, and all I want to say is please prove me wrong quickly, really.
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$RHBBANK (1066.MY)$ I only have you left among all my bank stocks, and you're still holding up.
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1. The government is afraid to reinstate GST, fearing to be embarrassed by their previous criticism of GST. Insisting that a minimum salary of 3-4000 is necessary before implementing it is all nonsense. It is clear that allowances can be given to B40 to offset GST, and GST can also generate revenue from foreign visitors and foreign labor. Now, with SST in place, there is no guarantee of revenue from foreign nationals. Additionally, with GST in place, there would be no need for e-invoices. Not reinstating GST has made everyone so busy, needing to handle additional tasks. If SST is truly beneficial, why do many other countries use GST instead of SST?
2. Imposing EPF contributions on foreign labor, perhaps the Prime Minister thinks there is too much government funding and wants to do charity work. Our neighboring Singapore used to require CPF contributions from foreign laborers, but they made a U-turn after implementing it for a few years, and recently they are even closing accounts of foreign workers. Some may not see the EPF contribution for foreign labor as a big issue, but companies need to set aside an additional 13% of foreign labor salaries for EPF, ultimately passing this expense on to consumers. EPF also incurs annual interest, making it an uneconomical decision.
3. Minimum monthly wage of 1700, this policy is like treating a headache with a headache pill and a foot ache with a foot ointment. The fundamental issue is not insufficient wages, but the current chaotic market prices that need addressing at the source. This leads to rising costs, ultimately affecting consumers as well.
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2. Imposing EPF contributions on foreign labor, perhaps the Prime Minister thinks there is too much government funding and wants to do charity work. Our neighboring Singapore used to require CPF contributions from foreign laborers, but they made a U-turn after implementing it for a few years, and recently they are even closing accounts of foreign workers. Some may not see the EPF contribution for foreign labor as a big issue, but companies need to set aside an additional 13% of foreign labor salaries for EPF, ultimately passing this expense on to consumers. EPF also incurs annual interest, making it an uneconomical decision.
3. Minimum monthly wage of 1700, this policy is like treating a headache with a headache pill and a foot ache with a foot ointment. The fundamental issue is not insufficient wages, but the current chaotic market prices that need addressing at the source. This leads to rising costs, ultimately affecting consumers as well.
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$SSE Composite Index (000001.SH)$ Patriotic heroes, come and take over quickly.
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$SSE Composite Index (000001.SH)$ Those who stayed after yesterday's press conference are really asking for trouble. Throughout the event, the officials couldn't say anything meaningful. The main theme of the event was "We have no solution."
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$Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$ The official's excessive nonsense has driven the night market to the daily limit.
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$KHB (0322.MY)$ According to this pattern, there may be a breakout today.
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$SSE Composite Index (000001.SH)$ Normal players will cash out first and then watch, only the 'leeks' will keep shouting to increase their positions.
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$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ China seized the opportunity of the US interest rate cut to introduce economic stimulus policies, so hot money has all flowed into the Chinese and Hong Kong stock markets. Bursa should be quiet for 2-3 weeks 😫😫😫
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