Happy reading guys

Thailand to declare 1-month emergency on March 26

BANGKOK (March 24): Thailand will be in an emergency mode from March 26 for a month to deal with the coronavirus outbreak, Prime Minister Prayuth Chan-ocha told a news conference on Tuesday.

The emergency decree will mean the prime minister will have the executive power to declare further measures to contain the virus, including giving extra authority to officials and allowing the setting up of checkpoints to reduce people movements, Prayuth said.

He said details of the measures will be announced later.

Thailand reported three deaths and 106 new coronavirus cases on Tuesday. The country now has 827 cases and four fatalities since the outbreak began.

hehe this bangla came here is a nuisance, wrote bangla language nobody understand, looks like a bangla night market, not stock forum. Smack i hit a fly again

sudah makan viagra hari ni, kuat kuat

vroom vroom

Guys,if you are afraid of missing the boat, you can buy a bit at every sharp fall just to soothe the gatal feeling.

If this recession is super big, companies may merge or ...

Eventually things will be OK. Those cash rich companies will survive. Others will resort to additional listings to dilute the share price.

But when the corona thing is not resolved or subsided in the US, more room to fall. The longer it takes to get resolved, the chance of cash shortage is higher which put extra stress on all industry.

Watch out on Ageson... when getting a huge discount, .... the bottom is near.....time to sapu Ageson shares

This cannot calm the market.............only a vaccine can calm the market!

vaccine, we need a proven vaccine.

Double smack, o'brian. I just hit a dirty fly!

wah like that also can come out from your mouth, bad juju

yo

Investing.com - U.S. stock futures plunged on Sunday, pointing to more mayhem when markets open on Monday.

-Dow futures plunge 900 points, or 5%
-S&P 500 futures tumble 5%
-Nasdaq futures sink 5%
-VIX jumps 11%

see my post, i also post sifu post

The Dow Is Rallying as Warren Buffett Buys the Stock Market Dip
The Dow Jones rallied back on Thursday as regulatory filings showed that billionaires like Warren Buffett are buying the stock market dip.

* Optimism emerged on Wall Street as stock market volatility finally dropped.
* The Dow Jones rallied back from three-year lows as billionaires like Warren Buffett and Carl Icahn started buying the dip.
* Dow bulls must still endure horrendous economic data over the coming weeks.
The Dow Jones Industrial Average (DJIA) crept toward gains on Thursday as stock market bulls enjoyed a rare day of lower volatility.
Billionaire investors are eyeing China and starting to taste opportunity as the U.S. government begins to get its coronavirus outbreak under control.

The United States now has over 10,000 confirmed cases of the coronavirus. Despite the alarming rate of spread, this was an expected result of the government ramping up COVID-19 testing.
While the Dow’s previous rallies proved to be classic dead cat bounces, optimists are taking a look at China’s ability to slow the spread of COVID-19 and getting quite bullish about the fact that this crisis has a limited time-frame.

Naturally, a sizable chunk of these glass-half-full folks are multi-billionaires with plenty of cash on hand.
Carl Icahn, Warren Buffett, and Carlos Slim have all dived into the battered stock market recently.

wow, can sapu o&g? very scary.

haaaaaaaaaa

yes

Its a lockdown, still got lots of people go balik kampung, thought this is a holiday, highway all jam! wow

jajaja

0.005? sapu longkang

wow wow wow wow Good day to buy in some more

0.06 is a very very rock solid price right now!

any suggestion?

sell

wow under 0.35 now.

Malaysia records first two Covid-19 deaths; cases soar to 673

KUALA LUMPUR: Malaysia recorded its first two fatalities in the Covid-19 coronavirus pandemic today; while new cases rose by 120, raising the tally of infections in the country to 673.

The latest figures were revealed by Health Minister Datuk Seri Dr Adham Baba during a press conference in Putrajaya, today.

The first fatality was a 34-year-old man from Johor, who attended the tabligh event at the Sri Petaling Mosque here, from Feb 27 to March 1. He developed a fever on March 5 and died at the Permai Hospital in Johor Baru, today.

The second deceased was a 60-year-old pastor at the Emmanuel Baptist Church in Kuching, Sarawak. The pastor, who had an underlying health condition, died at the Sarawak General Hospital at 11am, today.

Meanwhile, of the 120 new positive Covid-19 cases detected today, 95 are linked to the Sri Petaling mosque tabligh cluster.

Out of Malaysia’s 673 cases recorded to date, 161 are in Selangor, 113 are in Kuala Lumpur and Putrajaya (Federal Territories), 82 are in Sabah and 77 are in Johor.

Malaysia has, by far, the highest number of Covid-19 cases in all of Southeast Asia.

Afternoon jessica tan, not a good day to go out.

Malaysia records first Covid-related deaths

PUTRAJAYA: As the government-imposed movement control order starts today Malaysia recorded its first two deaths involving Covid-19.

The two deaths reported yesterday involved patients in Johor and Sarawak respectively.

Health Minister Datuk Seri Dr Adham Baba, who announced this, said the victims were cases 178 and 358.

According to him, case 178 is a Malaysian aged 34, who attended the tabligh gathering at Masjid Jamek Seri Petaling.

The victim showed symptoms on March 5, and received treatment at Hospital Permai Johor Baru after he was found to be positive of Covid-19 on March 12.

“His condition deteriorated and was placed at the Intensive Care Unit (ICU) of the Sultanah Aminah Hospital.

He was pronounced dead this morning, ” said the minister at the press conference at the Ministry of Health here.

Meanwhile, case 358 is a 60-year-old Malaysian who had a history of chronic illness, added Dr Adham.

The victim showed symptoms of fever, cough and difficulty in breathing on March 7.

He received treatment at the Sarawak General Hospital on March 14 after he was detected positive for Covid-19.

“The victim’s health deteriorated and he was placed at the ICU where he died today, ” said Dr Adham.

The Ministry recorded 120 new cases as of noon, bringing the cumulative positive cases to 673, he said.

Based on initial investigation, out of 120 new cases reported, 95 of them are from the tabligh cluster, said the Ministry.

To date, of the 673 positive cases, some 438 cases are from the tabligh cluster.

There are currently 12 patients who are in ICU and are in need of ventilators to support their breathing.

The Health Ministry also announced seven cases who have fully recovered from Covid-19.

This brings the number of those who have been discharged to 49.

He said the movement control order, which will restrict the people’s movement is a drastic measure to curb the spread of Covid-19.

“This measure is necessary to prevent more people from being infected by Covid-19 which has now entered the second wave, ” he said.

Dr Adham assured the public that the order will not affect health services in all of the ministry’s facilities, adding that health services provided by the private health sector will also continue to operate.

He urged the public to adhere to the order and warned that failure to do so will result in jail and fines.

He also noted that all Malaysians should play their role to help the government curb the spread of Covid-19.

This includes ensuring that hygiene is at an optimum level at all times by washing of hands with soap and water, or using hand sanitisers.

He said good cough etiquette should also be practised and advised people to seek immediate treatment should they show symptoms such as breathing difficulties, cough, fever, flu and sore throat.

eko-south

lambo lambo lambo

Afternoon, yes agree with uranium, today pack with people at the markets.

Direct intervention by the federal government bypassing the particular state will be made based on:

• current data such as that provided by the National Property Information Centre;
• market conditions; and
• after consultation with the state government.
Going forward, Perbadanan PR1MA Malaysia (PR1MA), Syarikat Perumahan Negara Bhd (SPNB), Projek Perumahan Rakyat Miskin Tegar (PPRT) and the 1Malaysia Civil Servants Housing (PPA1M) could be abolished or amalgamated into an Affordable Housing Authority (AHA) under the jurisdiction of KPKT.

The Real Estate and Housing Developers’ Association (Rehda) and Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia have called for such a body to be established.

The AHA will be involved in the entire supply chain — from start to finish — for both ownership and rental in the construction of affordable housing, as well as low-cost flats if need be or when requested by the state governments.

Mortgage, however, continues to be under Cagamas Bhd.

The AHA shall coordinate with the state governments including those who are already proactive in providing affordable housing for the purpose of ensuring adequate supply to meet the growing demands of the local market.

It will also determine the design, specification, standards and quality, and size of affordable housing and of low-cost flats across states that have come under its jurisdiction.

Other forms of coordination with the state governments including working together to help developers absorb the costs when for example there is fluctuation in the ringgit, raw materials could be partly subsidised by the AHA via a special fund set aside.

Otherwise, for certain raw materials, the government could purchase in bulk quantities to be distributed for discounted prices to the developers.

Secondly, the federal government will also provide backup and support in the form of government agencies and GLCs that will engage in the manufacturing, operating and supplying, as well as direct import of cement, gypsum, steel and metal.

That is to say, the creation of a parallel market — materials will be supplied to the state government and local authorities at a controlled/fixed price (floor) level that is lower than the prevailing market price.

In other words, the full-spectrum of up-, mid- and down-stream activities. Therefore, state governments will not be competing with the private sector for raw materials.

All construction work will be carried out by private sector contractors under joint supervision by a consortium and KPKT which will perform monitoring and supervising roles. These include ensuring quality control and assurance and timely completion.

Alternatively, funding could also be derived from the housing industry itself through a Special Industry Contribution (SIC) as per Rehda institute’s policy proposal on social housing rental for the bottom 40% income group in its Affordable Housing: The Game Plan Transformation report.

As for home ownership, the SIC could be utilised in return for joint-development projects where the AHA provides subsidised raw and semi-finished materials to the private sector or bears most of the compliance and utilities costs.

A fund similar or analogous to the Malaysian Road Records Information System could also be set up and placed in a trust or deposited in Bank Negara Malaysia to earn interest. The fund could also be allocated to state governments for use in low-cost housing.

As a public good, affordable and low-cost housing are integral to our Shared Prosperity Vision 2030 and enable us to achieve the sustainable development goals in the long term.

READ ALL ABOUT IT
Trio of reforms needed — fiscal, administrative and housing industry

TO MAKE affordable housing a reality, an inter-locking trio of reforms pertaining to fiscal capacity, administration and the housing industry itself should be set in motion.

The previous Pakatan Harapan government had aspired to build “one million” affordable homes within 10 years. Presumably, Prime Minister Tan Sri Muhyiddin Yassin intends to carry on with the same — as part of the national agenda to mitigate the cost of living for the rakyat.

Although not currently the case, perhaps ideally so, affordable hou- sing (both single-storey and multi-storey) should be predominantly driven by the federal government, while state governments focuses on low-cost flats.

The role of the Ministry of Housing and Local Government (KPKT) should then be focused towards providing the backup support and coordination alongside the broader institutional and regulatory framework for state governments.

At the same time, there should be a dedicated role for federal government-linked companies (GLCs) in partnership with state governments where necessary and relevant — to focus on smart cities and self-sustaining/self-containing townships otherwise known as mixed development.

Federal-state synergy could also be forged and fostered in urban redevelopment to unlock land value for instance, Malay reserve and waqaf land plots, and improve public transportation ridership.

Not least, in also providing the pre-conditions and spatial framework for affordable housing.

This proposed arrangement would also have the advantage of overcoming the lack of holistic and effective coordination between the federal and state governments in affordable house-building.

And thereby, ensuring a more optimal use of resources that avoids or minimises the duplication of efforts by federal and state agencies.

It would also enable more targeted and focused efforts based on local market needs and demand rather than to meet certain quotas.

Now, there are essentially two administrative conditions by which the federal government could step in to support the state governments — without usurping the role of the latter.

Both of these administrative conditions operate on the basis of coordination between the federal and state governments.

The federal government would only step in to provide affordable housing under certain conditions, eg land swap or deficient supply caused by failure of both the public and private sectors involvement.

Health Ministry urges all mass gatherings be postponed immediately

KUALA LUMPUR: All mass gatherings should be postponed to minimise the spread of Covid-19, says the Health Ministry.

Health director-general Datuk Dr Noor Hisham Abdullah said those experiencing respiratory infection symptoms were advised not to attend programmes that involved crowded places, including religious activities.

"Those with symptoms are advised to adopt social distancing by standing at least 1m away from another individual," he said when asked what advice the ministry would give after the World Health Organisation (WHO) declared the disease a pandemic on Wednesday (March 11).

The WHO said Italy and Iran were now on the frontline of the disease and other countries would soon join them.

A pandemic, according to the WHO, is when there is a sudden increase in the number of cases all over the world, usually affecting a large number of people.

As of Thursday (March 12) 11.30am, there were 126,064 confirmed Covid-19 cases with 4,630 deaths reported, according to CononaTracker. A total of 68,211 patients have recovered.

The Health Ministry had on Wednesday (March 11) revealed that some 10,000 people participated in a religious gathering from Feb 27 to March 1 at the Sri Petaling mosque in Kuala Lumpur, where a Bruneian man infected with Covid-19 was present.

Dr Hisham twitted on Thursday morning urging all who had attended the gathering to cooperate with health officials to ensure Covid-19 did not continue to spread. He urged them to contact the Crisis Preparedness and Response Centre (CPRC) hotline at 03-8881 0200 or the respective district health departments as soon as possible.

He also advised the public not to travel overseas, especially to countries that were affected by Covid-19.

"Malaysians who have respiratory infection symptoms should not visit other places in Malaysia during school holidays," he added.

Meanwhile, he urged people to adopt preventive measures and good hygiene.

He said the ministry was calling for "solidarity and togetherness" at all levels of society in battling Covid-19.

"Everyone has a role to play, including the public, as this is not only the responsibility of the Health Ministry alone. It is a shared responsibility," he said.

On the part of the ministry, Dr Noor Hisham said that it has combined its approach for containment to detect, isolate and treat positive patients with mitigation efforts such as getting all our resources, facilities, devices, intensive care units and hospital beds ready.

"The mitigation efforts are to minimise the impact, particularly to the vulnerable population such as the elderly and those with co-morbidity.

"It also means optimising resources and enhancing the health system to support the patients," he said.

Recently, in an engagement meeting with the media, the ministry has said that the Hospital Sungai Buloh was dedicated for Covid-19 cases in view of it moving towards pandemic level and the fourth and fifth floors had been repurposed into wards for such patients, while the third floor would handle Covid-19 cases needing intensive care.

9 more new cases detected today, care please!

0.005 coming soon

Malaysian in 'tabligh' gathering tested positive for Covid-19

KUALA LUMPUR: The Health Ministry has confirmed that a Malaysian man - who was among some 5,000 Malaysians - who attended a tabligh (religious) gathering at Masjid Seri Petaling, Kuala Lumpur has been tested positive for Covid-19.

Health director-general Datuk Dr Noor Hisham Abdullah said the 60-year-old man or referred to as Case-131 participated in the “ijtimak tabligh” gathering for three days from Feb 28 to March 1.

The patient, he said, started having symptoms of fever, cough and flu on March 4 before experiencing breathing difficulties on March 8 and was subsequently admitted at Hospital Bentong on the same day.

Patient-131 was later referred to Hospital Tengku Ampuan Afzan, Kuantan on March 9.

“A case of severe acute respiratory infection (SARI) has been detected today through the ministry’s Covid-19 surveillance. Further investigation was then carried out on Case-131.

“A Covid-19 detection test was performed, which confirmed that the patient is positive of the virus on March 10.

“He has been in the isolation ward and is receiving treatment,” Dr Noor Hisham wrote on his Facebook page.

The ministry advises all attendees of the four-day tabligh gathering - from Feb 27 to March 1 to immediately get tested if they show symptoms for Covid-19, he said.

The ministry, had yesterday, revealed that a 53-year-old Brunei citizen, who was present at the gathering was tested positive for the virus upon returning home.

The tabligh gathering involved around 10,000 people from several countries.

Dr Noor Hisham urged attendees of the gathering to contact the district health departments, the state Crisis Preparedness And Response Centre (CPRC) or reach out to the virtual health advisory through the ministry's website for advice.

In a statement yesterday (Wednesday), he said the ministry is conducting Covid-19 surveillance to detect sporadic and local cases in Malaysia through patients with influenza-like-illness (ILI) and SARI with no history of travelling to affected countries or contacts with confirmed Covid-19 cases.

As of March 11, he said, a total of 600 samples (138 for SARI and 462 for ILI) have been tested and one sample was found to be positive for Covid-19.

“Investigation is currently ongoing to identify the source for this sporadic case,” he had said.

He advised Malaysians to self-quarantine themselves if they have fever, cough or flu and to wear a mask.

Besides that, the public is advised to practice social distancing, to stay at least a meter away from people, avoid handshake or to touch the mouth, eyes and nose, and to wash hands frequently as these measures, he said, could help to prevent infection.

As of Wednesday, Malaysia has recorded 149 cases, of which 26 has recovered and discharged.

Add on 20perday, if shares prices up 10percent perday will be more appreciated!

Malaysia records 12 new Covid-19 cases, bringing tally to 129

SEPANG: Malaysia has recorded another 12 new Covid-19 cases, bringing the country's tally to 129.

The newly-minted Health Minister Datuk Seri Dr Adham Baba said the 12 new cases were close contacts of Patient 33.

"We were able to track these cases through our contact tracing process," said Dr Adham to reporters here Tuesday (March 10).

He also said that so far, 25 patients who were treated for Covid-19 in the country have been discharged from hospital.

He was speaking during a work visit to the Kuala Lumpur International Airport (KLIA) to monitor the screening process of passengers for Covid-19 at the terminal.

Dr Adham said there are a total of 150 ministry officials on duty around-the-clock at the terminal to conduct the screening process.

"We do not just have officials here. There are people on duty at other international airports as well as at the country's land and sea entry points," he said.

Dr Adham also advised Malaysians to practise their own "social distancing", such as avoiding crowded areas and events as well as refraining from physical contact.

He even demonstrated how to greet another person by placing the palm on the chest, as opposed to shaking hands.

A medical doctor by profession, Dr Adham was sworn in as the Health Minister a few hours earlier at a ceremony held at Istana Melawati in Putrajaya.

After the ceremony, he went straight to the Health Ministry and was briefed on Covid-19 developments before heading to KLIA.

Also present were his new deputies Datuk Dr Noor Azmi Ghazali and Datuk Aaron Ago Dagang.

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bang bang bang

wait for 0.005, will add more

covid19 cases added everyday in malaysia.

nothing can be done now

yes i agree with you zhm540

China reports 30 virus deaths, rise in new infections and imported cases

[BEIJING] China reported 30 more deaths from the new coronavirus outbreak on Friday, with fresh infections rising for a second straight day and 16 new cases imported from overseas.

In total 3,042 people have died from the disease in China, the National Health Commission said, with another 143 cases.

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wait for it, wait for it.

no worry no worry phoon phoon, New Director will know what to do, chill

PM briefed on international trade, Apec matters

KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin today received updates on the Asia-Pacific Economic Cooperation (Apec) summit, foreign investors and international trade matters today.



An update on his Facebook said that he had been briefed on these topics by International Trade and Industry Ministry (MITI) secretary-general Datuk Lokman Hakim Ali in Putrajaya.



Other MITI senior officials also attended the briefing, which included various matters related to international trade and foreign investment.



“The MITI secretary-general has also explained about the latest development on the Asia-Pacific Economic Cooperation (Apec) summit which Malaysia is hosting this November,” said the posting

buy and wait

buy under 0.60. safer

i also have a piece of very very good news guys!

Bank Negara lowers OPR by 25bps to 2.5%
Tuesday, 03 Mar 2020 3:00 PM MYT

KUALA LUMPUR: The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%.

It said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.75% and 2.25%, respectively.

“The reduction in the OPR is intended to provide a more accommodative monetary environment to support the projected improvement in economic growth amid price stability. The MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation,” Bank Negara said in a statement Tuesday.

The reduction in the OPR came largely in line with economists’ expectations. This is the second cut so far this year. In January, Bank Negara reduced the OPR by 25 basis points to 2.75% -- the lowest since 2011.

The central bank noted that global economic conditions have weakened in the recent period. The ongoing Covid-19 outbreak has disrupted production and travel activity, especially within the region.

This has also led to greater risk aversion, resulting in tighter financial conditions and a resurgence in financial market volatility. Downside risks to the global growth outlook have increased, particularly in the near term. However, a number of countries have implemented policy responses. With further anticipated policy measures, these actions are expected to mitigate the economic impact of Covid-19.

“The Malaysian economy grew at a moderate pace of 4.3% in 2019. Looking ahead, growth, particularly in the first quarter, will be affected by the Covid-19 outbreak primarily in the tourism-related and manufacturing sectors. The weakness in the agriculture sector is also likely to persist in the first quarter.

“For 2020, private and public sector activities will be supportive of growth. Household spending is expected to grow at a slower pace amid moderate employment and income growth. Investment activity is projected to record a modest recovery, underpinned by ongoing and new projects, both in the public and private sectors,” it said.

The 2020 economic stimulus package will also provide some support to economic activity. Although domestic growth is expected to gradually improve in the second half of the year, there are key downside risks, mainly stemming from the evolving nature and prolonged impact of the Covid-19 outbreak, and continued weakness in commodity-related sectors.

Bank Negara said in 2020, headline inflation is expected to average higher but remain modest. The trajectory of headline inflation will be dependent on global oil and commodity price developments and the timing of the lifting of the domestic retail fuel price ceilings.

Underlying inflation is expected to be more moderate, amid limited demand pressures despite the continued expansion in economic activity.

yes phoon phhon, i bought lots of ageson shares already, waiting for sudden surge! go go go up up up ageson. tomorrow see got more discount, sure will add more!

hmm

uranium. we do not vote for only bersatu to be our pm. what's next?

vrooooom vrooom

Agree with uranium, economy will move!Buy now when construction sector is still at bottom. Gamuda as the sector leader is already moves, and the rest will move real soon too, clean up all Ageson shares while stock last!

hold or sell?