With the US presidential election set for November 5, 2024, the world is watching, and Malaysia is no exception. The election could have significant repercussions for Malaysia, a country deeply intertwined with the US economically, particularly in trade, technology, and finance.
The uncertainty surrounding this election offers both risks and opportunities for Malaysia. As investors, business leaders, and...

hope to hold this till 2.8

1. GST is not dared to be reinstated, afraid that previous criticisms of GST will backfire, insisting on the need for a minimum salary of 3-4000 is all nonsense. It is obvious that allowances can be given to B40 to offset GST, which can also attract money from foreigners and foreign workers to spend. Now with SST, it's not certain if taxes from foreigners can be collected. Furthermore, with GST in place, there would be no need for e-invoices. Not reinstating GST has made everyone busier, requiring additional tasks. If SST is really so good, why do many other countries opt for GST instead of SST?
2. Making foreign workers contribute to EPF, does the Prime Minister feel that the country has too much money to do charity work? Our neighboring Singapore used to require foreign workers to contribute to CPF, but they made a U-turn after a few years, and recently they are even asking foreigners to close their accounts. Some may not think that requiring foreign workers to contribute to EPF is a big deal, but companies need to allocate an additional 13% of the foreign workers' wages to EPF, which ultimately will be borne by consumers. EPF also incurs annual interest, making it an unwise decision.
3. Minimum salary of 1700 per month, this policy is like treating a headache with a headache and a foot pain with a foot pain. The fundamental reason is not that the wages are insufficient, but rather the current market prices are too chaotic, and what needs to be rectified is not just the minimum wage, but the need to address the root causes. Of course, this also leads to increased costs, which will also be passed on to consumers.
4....

Good morning mooers! Here are things you need to know about today's market:
● Nvidia and Apple Pull Nasdaq Higher with Records, Market Falls
● Malaysia on Course to Meet 4.5%-5.5% GDP Growth Target Following Strong 3Q Performance
● Government Extends Incentives for Affordable Housing Developers
● Stocks to Watch: MyEG, HeiTech Padu, DNeX, PTT Synergy, etc.
- Moomoo News MY
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