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2015-10-05 22:46 | Report Abuse
The US, Japan and 10 other Pacific rim countries have signed a controversial and sweeping trade agreement that covers about 40% of the world economy.
The Trans-Pacific Partnership (TPP) will create a new economic bloc with reduced trade barriers between the 12 nations involved.
The deal was signed after five days of talks in Atlanta in the US but has been under negotiation for five years.
It was delayed repeatedly by negotiations over drug patents.
The other countries included in the TPP are Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
'We should write the rules'
US president Barack Obama said in a statement that the deal "reflects America's values and gives our workers the fair shot at success they deserve".
"When more than 95 percent of our potential customers live outside our borders, we can't let countries like China write the rules of the global economy," he said.
"We should write those rules, opening new markets to American products while setting high standards for protecting workers and preserving our environment."
Japanese Prime Minister Shinzo Abe told reporters the deal was a "major outcome not just for Japan but also for the future of the Asia-Pacific".
If ratified by the individual countries involved, the agreement has the potential to influence trade in everything from dairy produce to cancer treatments.
Supporters say it could be worth billions of dollars to the countries involved but critics say it was negotiated in secret and is biased towards corporations.
Biotech dispute
The final round of talks were delayed by negotiations over how long pharmaceutical corporations should be allowed to have a monopoly period on next-generation drugs.
The US had sought 12 years of protection to encourage pharmaceutical companies to invest in expensive biological treatments.
Australia, New Zealand and public health groups had sought a period of five years to bring down drug costs and the burden on state-subsidized medical programs.
A compromise was reached but the agreed protection period has not been confirmed.
Speaking at a press conference following the deal, US Trade Representative Michael Froman hailed the deal as the first to set a period of protection for patents on new drugs, which he said would "incentivise" drug producers.
The Washington-based Biotechnology Industry Association said it was "very disappointed" by the reports that the agreement fell short of the 12-year protections sought by the US.
Job losses
Asked about potential job losses - a criticism of the deal - Canada's trade minister Ed Fast said: "We don't anticipate that there will be job losses. Obviously there will be industries that have to adapt."
The agreement was a "once in a lifetime to shape rules in the Asia Pacific region", Mr Fast added.
The TPP has been championed by Barack Obama, who said previously he hoped it would address "21st century trade issues" such as intellectual property protections, digital trade rights and protections for investors.
The Obama administration also hopes that China, the world's second-largest economy, will eventually be forced to accept the standards locked into place by the TPP.
2015-10-05 20:48 | Report Abuse
Hey,i dont understand about the RM38 thingy??
^^ i want to know answer of Westgun's question too..hopefully sifus here can enlighten us..thanks!
2015-10-05 20:14 | Report Abuse
walt932 i think duit is busy with his stuff and maybe FGV is not under his radar.He might too busy for other stuff...hope he will respond to you soon.peace =))
2015-10-05 18:00 | Report Abuse
thanks Duit !I feel very honoured as you mentioned a small fry like me in the post.Wish all the best to you!tmr your stock sure shine well! =)
05/10/2015 17:55
2015-10-05 17:12 | Report Abuse
Omg go out an hour ago and johotin-wa up so much.didnt manage to top up more.mother will up in tandem with son??i bot mother too.any opinion all sifus here??
P/s:congratz all that huat huat here!!thanks Bro Rchi!you rock!
2015-10-05 15:47 | Report Abuse
cant get extra @.265...go in mother @1.77..hopefully we huat tgt...btw congratz to Westgun.your effort will definitely paid one day!!keep it up
2015-10-05 15:34 | Report Abuse
wah suddenly here got ppl kuku here kuku there,mau main tok kuku kah? XDD
2015-10-05 09:30 | Report Abuse
im holding 0.185 since last week..just now didnt manage to dispose..waiting ><
anyway thanks Rchi sifu for the call!
2015-10-05 09:18 | Report Abuse
hand itchy ah...didnt have any stock on hand...any counter recommended ?><
thanks Region.noted!
2015-10-03 03:58 | Report Abuse
At this hour wake up and go xu xu,Djia +167.36...ok..time to sleep again...
2015-10-02 16:02 | Report Abuse
Assalamualaikum Warahmatullahi Wabarakatuh,
Dan Salam 1 Malaysia.
Rakyat Malaysia yang dikasihi,
Seperti kita sedia maklum, kita sedang mengalami beberapa cabaran ekonomi yang sebahagian besarnya disebabkan faktor luaran.
Namun, asas ekonomi masih mampan dan kukuh. Secara ringkasnya, tunjang pada ekonomi yang mampan sebenarnya adalah produktiviti. Produktiviti yang lebih tinggi mendatangkan pendapatan yang lebih lumayan.
Sebagai contoh, apabila kita memberi sumbangan besar untuk syarikat kita, kita akan dinaikkan pangkat sekaligus meningkatkan pendapatan kita.
Samalah seperti negara juga, sekiranya para pekerja sesebuah negara itu lebih produktif, maka ekonomi negara mampu menjana pendapatan yang lebih untuk semua.
Inilah yang dimaksudkan dengan negara berpendapatan tinggi.
Sebab itulah, kerajaan telah memberikan peruntukan yang besar daripada bajet tahunan untuk sektor pendidikan dan latihan.
Alhamdulillah, taraf pendidikan rakyat Malaysia kian meningkat dan produktiviti kita pada tahap ini masih mampu mengekalkan kemampanan ekonomi negara.
Namun, masih banyak lagi yang kita perlu lakukan bagi mencapai status ekonomi berpendapatan tinggi. Antaranya, kita perlu memupuk sifat gigih berusaha dan sentiasa berfikiran inovatif.
Inilah yang akan membolehkan kita menjadi lebih produktif dan mendatangkan pulangan yang lebih lumayan buat diri kita sendiri sekaligus menjana pendapatan tinggi kepada ekonomi negara secara keseluruhannya.
Sekian sahaja dari saya.
Wassalamualaikum Warahmatullahi Wabarakatuh.
by Jibby posted in FB
2015-10-02 11:46 | Report Abuse
riskabsorber you got subscribe the services of the link??reliable??
2015-10-01 16:46 | Report Abuse
westgun i just gt my c6 @0.185.hopefully tmr trend up ><
2015-10-01 16:13 | Report Abuse
Annh i also a scardy mouse ><
Westgun same here..i managed to sell this aftn.this morning go out didnt saw bro Rchi sold.
May God gv us Lucks to every CC members here
2015-10-01 16:08 | Report Abuse
westgun no...still queueing...come hug hug...to be honest my remisier always gv me high entry price and high tp.thus newbie like me always make loss >< cant sleep loh think of that until i find this CC house T-T many love here
2015-10-01 16:03 | Report Abuse
Ivy4u thanks.i still in a quite huge loss mode since i enter stock market this year.Really thanks all sifus willing to share.much appreciated =)
2015-10-01 15:52 | Report Abuse
Ivy4u i mean i go bot at 0.185 but its too late as it surge to 0.19.now queueing 0.185.hopefully can get it
2015-10-01 15:41 | Report Abuse
haha..when i saw rchi:region..it's now or never kikiki.i str8 go bot at 0.185..but it seems too late.guess i was born to chase high price =((
2015-10-01 14:55 | Report Abuse
All sifu here,is there any counter to enter now?
*i just manage to sell my AAc23.thanks to bro Rchi.
2015-09-30 19:24 | Report Abuse
thanks you for every CC members.have a great dinner and rest tonight.tmr let's huat tgt~~
2015-09-30 16:59 | Report Abuse
bro Rchi enter aac25 avg .231 ..hopefully can cover back my losses.thanks a lot!
2015-09-30 16:26 | Report Abuse
still stuck at HK,how high will it go?dono want to cut or hold
2015-09-30 12:40 | Report Abuse
Malaysian govt bond redemption by foreign investors not a concern, says Zeti
KUALA LUMPUR (Sept 30): Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz said the redemption of matured Malaysian government bonds by foreign investors, if any, is not a concern.
"No. It won't because those are ringgit denominated instruments," replied Zeti when asked if the redemption of government bonds by foreign investors would further impact the country's foreign reserves.
The BNM governor was speaking to reporters after her opening remarks at the Malaysia-OECD High-Level Global Symposium on financial well-being today.
The governor also said that the country has domestic institutional investors who will step in and lend support to the bond market in the event foreign investors decide to cash out and not re-invest in the local market.
"We have our own domestic institution investors, like Employees Provident Fund, Permodalan Nasional Bhd and the insurance industry (who is) a major player in the bond market.
"So our own institutional investors will step in to purchase those [bonds]. So we don't expect any collapse of our bond market," she explained.
Zeti also reiterated that there is no intention to impose capital controls or a currency peg.
Earlier, Reuters reported that there are RM11 billion government bonds that will mature today.
Foreign investors who dominate about 45% of the outstanding bonds are seen to likely pull out their cash from the market rather than re-invest it in the country due to political uncertainties and currency risk, added the report.
2015-09-30 12:39 | Report Abuse
2015-09-30 12:23 | Report Abuse
Top up HK and HV..hopefully can huat..anyone same boat with me??
2015-09-29 08:55 | Report Abuse
thanks Dream.today market is so bad.hopefully GOB can stand
CHRISSYCONN
2015-10-05 22:47 | Report Abuse
Will it bring any good impact to our economy?