JOHOR BAHRU, Aug 15 — Global technology giants Microsoft, Amazon and Google have shown interest in together developing Malaysia into a regional hub for information technology (IT), says Tan Sri Muhyiddin Yassin.
The prime minister said representatives of the major tech firms expressed their interest at a meeting with him recently.
“I think many have shown their interest in helping Malaysia. Recently the leaders of Microsoft, Amazon and Google met with me expressing their readiness to be involved in the process of developing Malaysia in the IT and other fields to make Malaysia a regional centre.
“But first, to make sure, does our country have the best connectivity? The main issue usually raised is lack of access. Our Internet is not efficient,” he said at a town hall session with state and federal civil servants in Johor here today.
Muhyiddin, who is also Pagoh MP, also said Malaysia has not achieved a competitive level of Internet connectivity, citing the example of a schoolgirl in Sabah who had to climb a tree to get good Internet access.
He said while the government’s commitment to improving its Internet connectivity is already there, the time has come to step forward to expand access.
In June, Universiti Malaysia Sabah (UMS) student Veveonah Mosibin, 18, of Kampung Sapatalang in Pitas, Sabah uploaded YouTube videos of her spending the night in a tree to get better Internet access for her online university examinations.
The videos have since been viewed over 150,000 times.
OTHERS FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"] - ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS FINTEC GLOBAL BERHAD
Type Announcement Subject OTHERS Description FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"] - ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, FINTEC GLOBAL BERHAD (“FINTEC” or “the Company”) wishes to announce that as at 14 August 2020, the aggregate value of quoted securities acquired by Asiabio Capital Sdn. Bhd. (“ACSB”), a wholly-owned subsidiary of the Company, that is principally involved in the investment in marketable securities, that has not been announced for the preceding twelve (12) months has exceeded 5% of FINTEC’s latest audited consolidated net assets as at 31 March 2019. The details of the investment in the quoted securities are as follows:-
RM
% of FINTEC's latest audited consolidated net assets
a. Aggregate purchase consideration within the preceding twelve (12) months 12,682,127.80 8.52%
b. Aggregate sale consideration within the preceding twelve (12) months - -
RM
c. Investments in quoted securities as at 14 August 2020
- Total Cost 174,082,514.43
- Total Book Value 553,216,446.90
- Total Market Value 1,104,429,269.65
d. Net Profit arising from the sale of quoted securities by FINTEC Group during the current financial year ending 31 March 2021 (Sales proceeds less investment cost and incidental expenses) -
The purchase of the quoted securities as announced was made on 10 August 2020.
what i have learnt is some stocks analysis works, but for most no..look at the current market...economy is crashing but some unrelated stocks are flying..sometimes we just have to get in quick and get out quicker...
many ah longs...kaki judi and etc opened cds account to gamble in the share market...look at the number of new cds registrations for past 5 months, then you will know... this fellaz come to just push up and run away quickly after making profit... so again, only fundamentally strong stock can rebound...other wills be just for short term.
U got to know why fintec was set up.. fintec is not goreng goreng investment company so they most likely will not sell, if fintec sell now then it break the purpose of setting up fintec global
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TradeNewBie
500 posts
Posted by TradeNewBie > 2020-08-15 18:18 | Report Abuse
still cheap...I am accumulating