1️⃣ BOJ to keep policy steady, signal more rate hikes to come
🎈BOJ will announce its September interest rate decision on Friday, with the market expecting no changes.
🎈The focus is on whether BOJ Governor Kazuo Ueda will hint at future rate hikes.
🎈Analysts predict the next rate hike will come in December or January.
🎈BOJ's rate hike in July caused "yen carry trade unwind," leading to market turmoil.
2️⃣ US weekly jobless claims at four-month lo...
🎈BOJ will announce its September interest rate decision on Friday, with the market expecting no changes.
🎈The focus is on whether BOJ Governor Kazuo Ueda will hint at future rate hikes.
🎈Analysts predict the next rate hike will come in December or January.
🎈BOJ's rate hike in July caused "yen carry trade unwind," leading to market turmoil.
2️⃣ US weekly jobless claims at four-month lo...
1 ️ Severely cut interest rates by 50 basis points! The Federal Reserve suggests it will drop 50 basis points this year to firmly support employment
🎈 The Federal Reserve cut interest rates for the first time in four years, and cut the policy interest rate by 50 basis points to 4.75%-5.00%.
🎈 Only one member (Michelle Bowman) opposed the 50 basis point interest rate cut. She supported the 25 basis point interest rate cut, and was the first director to vote against since 2005.
🎈 The emphasis is on firm support for full employment and greater confidence in reducing inflation to the target (2%). It indicates that employment and inflation risks are roughly balanced, and that future interest rate cuts will depend on data, prospects and risks.
🎈 The statement changed the name that employment growth has slowed and inflation has improved, but it is still high.
🎈 The bitmap shows that more than half of the policymakers expect to cut interest rates by at least 25 basis points each for the remaining two meetings this year.
🎈 This year's GDP growth forecast was lowered to 2.0%, PCE and core PCE inflation expectations were lowered to 2.3% and 2.6%, respectively, and the unemployment rate was raised to 4.4%.
🎈 Nick Timiraos: Interest rate cuts have exceeded analysts' expectations, indicating that the Federal Reserve has entered a new phase of anti-inflation to stop previous interest rate hikes from harming the labor market.
🎈 After the Federal Reserve cut interest rates, US stocks rallied and fell, and the trend reversed drastically.
2 ️ ⃣ $KIMLUN (5171.MY)$ Received 0.13 billion contract to build a residential development project in Johor Bahru
🎈 KimLun gets Tanah Sutera Dev...
🎈 The Federal Reserve cut interest rates for the first time in four years, and cut the policy interest rate by 50 basis points to 4.75%-5.00%.
🎈 Only one member (Michelle Bowman) opposed the 50 basis point interest rate cut. She supported the 25 basis point interest rate cut, and was the first director to vote against since 2005.
🎈 The emphasis is on firm support for full employment and greater confidence in reducing inflation to the target (2%). It indicates that employment and inflation risks are roughly balanced, and that future interest rate cuts will depend on data, prospects and risks.
🎈 The statement changed the name that employment growth has slowed and inflation has improved, but it is still high.
🎈 The bitmap shows that more than half of the policymakers expect to cut interest rates by at least 25 basis points each for the remaining two meetings this year.
🎈 This year's GDP growth forecast was lowered to 2.0%, PCE and core PCE inflation expectations were lowered to 2.3% and 2.6%, respectively, and the unemployment rate was raised to 4.4%.
🎈 Nick Timiraos: Interest rate cuts have exceeded analysts' expectations, indicating that the Federal Reserve has entered a new phase of anti-inflation to stop previous interest rate hikes from harming the labor market.
🎈 After the Federal Reserve cut interest rates, US stocks rallied and fell, and the trend reversed drastically.
2 ️ ⃣ $KIMLUN (5171.MY)$ Received 0.13 billion contract to build a residential development project in Johor Bahru
🎈 KimLun gets Tanah Sutera Dev...
Translated
1
1️⃣ U.S. retail sales unexpectedly increased, but online shopping overshadowed the mixed performance of other merchants.
🎈 U.S. retail sales unexpectedly increased by 0.1% in August, higher than expected, mainly driven by online shopping.
🎈 Sales, excluding autos, have been growing for the fourth consecutive month.
Economists' debate over the Fed's 25-basis-point rate cut remains intense.
Market expectations for FOMC to cut rates by 50 basis points, but analysts still support a 25 basis point cut.
2️⃣ Hong Kong Exchanges and Clearing announced the approval of implementing adverse weather trades, which will be effective next week on 23rd September!
🎈Starting from September 23, 2024, the Hong Kong Exchange will implement trading during severe weather, and the market will not close during typhoons or heavy rain.
🎈All exchange participants are required to continue providing services during severe weather.
🎈This measure enhances Hong Kong's competitiveness as an international trading and risk management center.
3️⃣ The United States imposes higher tariffs on China, and the stock prices of Malaysian gloves soar upon hearing the news.
The United States will impose a 50% tariff on Chinese gloves starting in 2025, increasing to 100% in 2026.
Malaysian glove manufacturers will benefit from the tariff adjustment, causing the price of Chinese gloves to soar to $25.50 in 2025 and $34 in 2026, while the average selling price of Malaysian gloves is $20 to $21.
Malaysian glove manufacturers are expected to regain some market share.
However, Chinese glove manufacturers may shift their market focus from the US to Europe and Asia -- or enter markets outside the US at lower prices...
🎈 U.S. retail sales unexpectedly increased by 0.1% in August, higher than expected, mainly driven by online shopping.
🎈 Sales, excluding autos, have been growing for the fourth consecutive month.
Economists' debate over the Fed's 25-basis-point rate cut remains intense.
Market expectations for FOMC to cut rates by 50 basis points, but analysts still support a 25 basis point cut.
2️⃣ Hong Kong Exchanges and Clearing announced the approval of implementing adverse weather trades, which will be effective next week on 23rd September!
🎈Starting from September 23, 2024, the Hong Kong Exchange will implement trading during severe weather, and the market will not close during typhoons or heavy rain.
🎈All exchange participants are required to continue providing services during severe weather.
🎈This measure enhances Hong Kong's competitiveness as an international trading and risk management center.
3️⃣ The United States imposes higher tariffs on China, and the stock prices of Malaysian gloves soar upon hearing the news.
The United States will impose a 50% tariff on Chinese gloves starting in 2025, increasing to 100% in 2026.
Malaysian glove manufacturers will benefit from the tariff adjustment, causing the price of Chinese gloves to soar to $25.50 in 2025 and $34 in 2026, while the average selling price of Malaysian gloves is $20 to $21.
Malaysian glove manufacturers are expected to regain some market share.
However, Chinese glove manufacturers may shift their market focus from the US to Europe and Asia -- or enter markets outside the US at lower prices...
Translated
Last week, I had the honor of presenting at Bursa Malaysia on a topic that is not only timely but transformative: "Unlocking Investment Potential in Sarawak." The highlight? The unprecedented interest and discussion around Sarawak's Green Hydrogen initiative, a testament to the growing awareness and enthusiasm for sustainable energy solutions.
The session turned into a vibrant forum, with "Green Hydrogen" stealing the spotlight. It's clear that as we pivot towards a greener f...
The session turned into a vibrant forum, with "Green Hydrogen" stealing the spotlight. It's clear that as we pivot towards a greener f...
1
$IFCAMSC (0023.MY)$, $ADB (0276.MY)$with $CENSOF (5195.MY)$
On October 13, 2023, Malaysian Prime Minister and Finance Minister Anwar announced the 2024 budget, which specifically mentioned the implementation of electronic invoicing (e-Invoicing). This policy will undoubtedly have a profound impact on the market.
Following the announcement of the budget, the Malaysian Inland Revenue Authority (IRBM) released the latest version of the e-Invoicing Guidelines v2.1 on October 28, 2023. The guide details the new timeline for the implementation of electronic invoicing and marks the government's firm determination to drive the transformation of the digital economy. From August 1, 2024, taxpayers with an annual turnover or revenue exceeding MYR 100 million will be required to use electronic invoices; from January 1, 2025, this requirement will be extended to taxpayers with annual turnover or income exceeding MYR 25 million; finally, by July 1, 2025, all remaining taxpayers will be included in this policy.
For businesses with a large number of transactions, direct API integration provides a convenient way to automatically submit electronic invoices from the ERP system to LHDN, greatly improving efficiency and automation. Additionally, LHDN has launched a web-based portal that allows businesses without an ERP system to manually submit electronic invoices.
On the stock market side, there are currently three companies actively participating in the electronic invoicing business, including IFCA...
On October 13, 2023, Malaysian Prime Minister and Finance Minister Anwar announced the 2024 budget, which specifically mentioned the implementation of electronic invoicing (e-Invoicing). This policy will undoubtedly have a profound impact on the market.
Following the announcement of the budget, the Malaysian Inland Revenue Authority (IRBM) released the latest version of the e-Invoicing Guidelines v2.1 on October 28, 2023. The guide details the new timeline for the implementation of electronic invoicing and marks the government's firm determination to drive the transformation of the digital economy. From August 1, 2024, taxpayers with an annual turnover or revenue exceeding MYR 100 million will be required to use electronic invoices; from January 1, 2025, this requirement will be extended to taxpayers with annual turnover or income exceeding MYR 25 million; finally, by July 1, 2025, all remaining taxpayers will be included in this policy.
For businesses with a large number of transactions, direct API integration provides a convenient way to automatically submit electronic invoices from the ERP system to LHDN, greatly improving efficiency and automation. Additionally, LHDN has launched a web-based portal that allows businesses without an ERP system to manually submit electronic invoices.
On the stock market side, there are currently three companies actively participating in the electronic invoicing business, including IFCA...
Translated
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