(Reuters) - Venezuela will begin applying an extra sales tax on purchases of goods using foreign currency under a law approved this week by the government-controlled Constituent Assembly.

Venezuelans have increasingly taken to using dollars or euros for day-to-day transactions, as hyperinflation erodes the value of the crisis-torn country's bolivar currency.

The law allows the government to impose a tax ranging between 5% and 25% on goods purchases made in foreign currency, on top of the 16% value added tax already in place.

Last time, RM1 to S$1
But now RM3 to S$1
What the difference is the past years.?

After break a promise, people (foreigner) will never fully believe in it again. Will never be up glory like previous years ago.

SEOUL: South Korea reported 161 new cases of the Covid-19 coronavirus, bringing the total number of infected patients in the country to 763, health authorities said on Monday, a day after the government raised its infectious disease alert to its highest level.

Of the new cases, 115 were linked to a church in the southeastern city of Daegu after a 61-year-old woman known as “Patient 31” who attended services there tested positive, according to the Centres for Disease Control and Prevention (KCDC).

The pro old horse pkr

If he can't be PM, he can appointed his gang from PKR became PM and not complete his promise last time

Klse now berasap. Ready for sinking ship.
May day. May day.

Still have more political drama to watch. Stay tune.

Resigned but he still have many MPs supporting him

No use. As the share is cheaper, foreign investors don't want to enter the market because of political uncertainty and covid 19 issue. So, money is pusing inside country and no new foreign fund inflows. So, how the share market can grow.

Ringgit now worth 4.222

Klse index deep 43 points

Bank will not close but their value will keep falling falling down. Like our ringgit keep falling falling.

No eyes to see.

Political uncertainty plus Covid-19 issues is double swords stab in the back bones of Klse. So, how can Klse grow?

Klse index dropped deeper 38 points

As of 10:47 p.m. ET Sunday, Dow Jones Industrial Average futures were 410 points lower, pointing to an implied opening plunge of 403.41 points for the index on Monday.
Investors continue to watch developments surrounding the coronavirus outbreak where cases in South Korea and Italy have spiked in recent days.
South Korea has raised its coronavirus alert to the "highest level," with the latest spike in numbers bringing the total infected to more than 750 — making it the country with the most cases outside mainland China.

As of 10:47 p.m. ET Sunday, Dow Jones Industrial Average futures were 410 points lower, pointing to an implied opening plunge of 403.41 points for the index on Monday.
Investors continue to watch developments surrounding the coronavirus outbreak where cases in South Korea and Italy have spiked in recent days.
South Korea has raised its coronavirus alert to the "highest level," with the latest spike in numbers bringing the total infected to more than 750 — making it the country with the most cases outside mainland China.

Dow Jones set to drop about 400 points at the open as coronavirus cases outside China surge
PUBLISHED SUN, FEB 23 2020 7:06 PM EST
UPDATED 27 MIN AGO
Eustance Huang
@EUSTANCEHUANG

Klse index falling 36 points. Ringgit fall 4.22 against usd.

Unemployment in industries such as recreational services and air travel could spike between 0.5% and 0.8%, and 1.8% and 3.5% respectively

By ALIFAH ZAINUDDIN / Pic By MUHD AMIN NAHARUL

THE Malaysian Institute of Economic Research (MIER) expects unemployment to rise in tourism related sectors in the first quarter this year as the Covid-19 outbreak continues to disrupt travel plans and supply chains globally.

Based on projections by the local think tank, unemployment in industries such as recreational services and air travel could spike between 0.5% and 0.8%, and 1.8% and 3.5% respectively, with the latter representing the worst-case scenario.

MIER deputy director Prof Dr Jamal Othman said companies affected may consider job cuts to cope with the financial impact of Covid-19.

“From the results that we have, the tourism sector is the most affected. If companies respond rationally from a business perspective, they may need to shed some of their employees.

Unemployment in industries such as recreational services and air travel could spike between 0.5% and 0.8%, and 1.8% and 3.5% respectively

By ALIFAH ZAINUDDIN / Pic By MUHD AMIN NAHARUL

THE Malaysian Institute of Economic Research (MIER) expects unemployment to rise in tourism related sectors in the first quarter this year as the Covid-19 outbreak continues to disrupt travel plans and supply chains globally.

Based on projections by the local think tank, unemployment in industries such as recreational services and air travel could spike between 0.5% and 0.8%, and 1.8% and 3.5% respectively, with the latter representing the worst-case scenario.

MIER deputy director Prof Dr Jamal Othman said companies affected may consider job cuts to cope with the financial impact of Covid-19.

“From the results that we have, the tourism sector is the most affected. If companies respond rationally from a business perspective, they may need to shed some of their employees.

Unemployment in industries such as recreational services and air travel could spike between 0.5% and 0.8%, and 1.8% and 3.5% respectively

By ALIFAH ZAINUDDIN / Pic By MUHD AMIN NAHARUL

THE Malaysian Institute of Economic Research (MIER) expects unemployment to rise in tourism related sectors in the first quarter this year as the Covid-19 outbreak continues to disrupt travel plans and supply chains globally.

Based on projections by the local think tank, unemployment in industries such as recreational services and air travel could spike between 0.5% and 0.8%, and 1.8% and 3.5% respectively, with the latter representing the worst-case scenario.

MIER deputy director Prof Dr Jamal Othman said companies affected may consider job cuts to cope with the financial impact of Covid-19.

“From the results that we have, the tourism sector is the most affected. If companies respond rationally from a business perspective, they may need to shed some of their employees.

Unemployment in industries such as recreational services and air travel could spike between 0.5% and 0.8%, and 1.8% and 3.5% respectively

By ALIFAH ZAINUDDIN / Pic By MUHD AMIN NAHARUL

THE Malaysian Institute of Economic Research (MIER) expects unemployment to rise in tourism related sectors in the first quarter this year as the Covid-19 outbreak continues to disrupt travel plans and supply chains globally.

Based on projections by the local think tank, unemployment in industries such as recreational services and air travel could spike between 0.5% and 0.8%, and 1.8% and 3.5% respectively, with the latter representing the worst-case scenario.

MIER deputy director Prof Dr Jamal Othman said companies affected may consider job cuts to cope with the financial impact of Covid-19.

“From the results that we have, the tourism sector is the most affected. If companies respond rationally from a business perspective, they may need to shed some of their employees.

Already below 1500

Klse index sliding to 35 points to 1495

Hong Kong’s government should tap its ample fiscal reserves to stimulate an economy mired in recession, including offering its citizens HK$10,000 ($1,287) handouts in the form of spending vouchers, accounting firm KPMG LLP said.

Hong Kong Should Give Each Resident HK$10,000 to Spur Demand, KPMG Says
By Eric Lam
February 18, 2020, 8:48 PM EST
Recommendation comes as government prepares annual budget
Hong Kong expected to record first budget deficit in 15 years

Ringgit extends downtrend to 4.210 against US dollar at opening

Kenanga Investment Bank Research said its technical chartist is of the view that with renewed and heightened political anxiety, there is a possibility that the KLCI will break below the key support level of 1,500 (being the first support level).

Kenanga Investment Bank Research said its technical chartist is of the view that with renewed and heightened political anxiety, there is a possibility that the KLCI will break below the key support level of 1,500 (being the first support level).

Kenanga Investment Bank Research said its technical chartist is of the view that with renewed and heightened political anxiety, there is a possibility that the KLCI will break below the key support level of 1,500 (being the first support level).

KLCI skids to 1,500 on uncertainties in ruling govt

Klse index dropped 22 points.

Ringgit to trade between 4.16-4.22 against US dollar next week

Ringgit to trade between 4.16-4.22 against US dollar next week

Ringgit to trade between 4.16-4.22 against US dollar next week

Usd against ringgit dropped to 4.195

U.S. Dollar Nears a Critical Level That May Trigger a Buying Spree
By John Ainger
February 20, 2020, 6:38 PM GMT+8
Updated on February 21, 2020, 1:56 AM GMT+8
Dollar gauge rises to highest since 2017, nears 100 level
Greenback proves main haven as options traders bet against yen

U.S. Dollar Nears a Critical Level That May Trigger a Buying Spree
By John Ainger
February 20, 2020, 6:38 PM GMT+8
Updated on February 21, 2020, 1:56 AM GMT+8
Dollar gauge rises to highest since 2017, nears 100 level
Greenback proves main haven as options traders bet against yen

U.S. Dollar Nears a Critical Level That May Trigger a Buying Spree
By John Ainger
February 20, 2020, 6:38 PM GMT+8
Updated on February 21, 2020, 1:56 AM GMT+8
Dollar gauge rises to highest since 2017, nears 100 level
Greenback proves main haven as options traders bet against yen

HONG KONG: Hong Kong is facing "tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the Covid-19 (coronavirus) outbreak after months of social unrest, Financial Secretary Paul Chan said on Sunday (Feb 16).

The impact of the epidemic on the Hong Kong economy is being felt beyond retail, food and beverage and tourism-related industries, Chan said in a blog post Sunday.

The short-term economic outlook is "cautious,” and shocks can cause the unemployment rate to "deteriorate rapidly,” Chan said.

HONG KONG: Hong Kong is facing "tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the Covid-19 (coronavirus) outbreak after months of social unrest, Financial Secretary Paul Chan said on Sunday (Feb 16).

The impact of the epidemic on the Hong Kong economy is being felt beyond retail, food and beverage and tourism-related industries, Chan said in a blog post Sunday.

The short-term economic outlook is "cautious,” and shocks can cause the unemployment rate to "deteriorate rapidly,” Chan said.

HONG KONG: Hong Kong is facing "tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the Covid-19 (coronavirus) outbreak after months of social unrest, Financial Secretary Paul Chan said on Sunday (Feb 16).

The impact of the epidemic on the Hong Kong economy is being felt beyond retail, food and beverage and tourism-related industries, Chan said in a blog post Sunday.

The short-term economic outlook is "cautious,” and shocks can cause the unemployment rate to "deteriorate rapidly,” Chan said.

KUALA LUMPUR (Feb 6): FGV Holdings Bhd could be the winner if palm oil supply to Pakistan rises following the Pakistan government's expression of interest to import more palm oil from Malaysia, said Palm Oil Analytics owner and co-founder Dr Sathia Varqa.

Psiptek price still low. Psiptek still earned profit.

London Biscuits in PN17 list. Just like Perisai. Soon will back to Holland.

A bigger impact on economic activity is likely to come via a hit to consumer spending as the constant news of the fires and the smoke haze in several capital cities weighs on confidence. Australians were already very hesitant about the economic outlook after the slowdown in growth seen last year and continuing weak wages growth and high underemployment. A Roy Morgan survey released late last year found that 40% of Australians thought that 2020 will be worse than 2019, which is the worse reading since the early 1990s recession. At the same time a record-low 12% thought it would be better resulting in a net negative reading of 28% which is the worst in the survey’s 40-year history.

The damage to property and wealth flowing from the bushfires will likely run into many billions. For example, the Victorian Black Saturday bushfires are estimated to have cost $4.4bn, whereas the current fires have covered an area 15 times bigger. So there will be a very big rebuilding boost to economic activity to come once the fires are brought under control. But the fires have been very widespread, have been going on for several months now and the crisis is continuing, so there will be a significant short-term negative impact and it likely will involve more than a short-term disruption to economic activity.

Physical disasters invariably cause a brief disruption to economic activity as measured by GDP followed by a boost as wealth destroyed by the disaster is rebuilt. In this sense measured across a year or so they are often seen as positive for economic growth, albeit this seems perverse particularly for those directly impacted.