DUBAI, May 7 (Reuters) - Saudi Arabia's economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial government estimates of real gross domestic product published on Sunday.
Non-oil activities grew by 5.8% in the first quarter from a year prior, the General Authority for Statistics said, citing flash estimates, while oil activities grew by 1.3%. Government services activities grew by 4.9%, it said.
However growth slowed compared to the fourth quarter of 2022, when GDP grew 5.5% year-on-year.
Why invest in Indonesia 2023? With its natural resources, stable economy, and favorable demography, Indonesia serves as an attractive destination for investment and has continued to receive more attention as a strategic destination to invest in.8 Mei 2023
The Global Clinical Laboratory Services Market is growing with a CAGR of 7.2% in the forecast period of 2022 to 2029 and is expected to reach USD 4, 43,369.94 Million by 2029.
Description Proposed renewal of shareholders' mandate to purchase its own ordinary shares of up to 10% of the total number of issued shares in the company. Shareholder’s Action For Voting Voted For Against No. of Shareholders 226 84 No. of Shares 392,713,751 59,855 % of Voted Shares 99.9848 0.0152 Result Accepted
[PICORP] Chairman APPOINTMENT - SYED HISHAM BIN SYED WAZIR on 30-May-2023 Stock [PICORP] : PROGRESSIVE IMPACT CORPORATION Announcement Date 30-May-2023 Board Member Information: Date of Change 30-May-2023 Type of Change APPOINTMENT Designation Chairman Directorate Independent and Non Executive Name SYED HISHAM BIN SYED WAZIR Age 68 Gender Male Nationality Malaysia Qualification 1. Masters - Business Administration [Ohio State University, USA]
2. Degree - Bachelor of Science in Mechanical Engineering [Plymouth University, UK]
Working Experience 1. June 2020 - Present: Chairman and Independent Non-Executive Director, MSM Malaysia Holdings Berhad 2. December 2016 - Present: Independent Non-Executive Director, Bermaz Auto Berhad 3. October 2020 - Present: Independent Non-Executive Director, SIRIM QAS International Sdn. Bhd. 4. November 2017 to September 2020: Chairman, SIRIM QAS International Sdn. Bhd. 5. July 2017 to September 2019: Independent Non-Executive Director, SIRIM Berhad 6. November 2015 to July 2016: Group Managing Director, Puncak Niaga Holdings Berhad 7. October 2010 to October 2015: President & Group Chief Executive Officer, UMW Holdings Berhad 8. November 2009 to August 2010: Chief Operating Officer, Naza Kia Sdn. Bhd. & Naza Kia Services Sdn. Bhd. 9. May 2005 to August 2009: Managing Director, Edaran Otomobil Nasional Berhad 10. 2003 to May 2005: President/ Chief Operating Officer, Honda Malaysia Sdn. Bhd. 11. January 2001 to December 2002: General Manager, Marketing Division, Honda Malaysia Sdn. Bhd. 12. April 1998 to December 2000: General Manager, International Business, DRB-HICOM Export Corporations Sdn. Bhd. 13. 1997 to 1998: Director, Proton Cars (UK) Pte. Ltd. 14. 1995 to March 1998: General Manager, Proton Corporations Sdn. Bhd. Directorship of Public Companies 1. MSM Malaysia Holdings Berhad 2. Bermaz Auto Berhad
new chairman, has good networks to get biz for picorp... lagipun the worst is over for picorp.... Q1, 2023 dah profitable, Q2, Q3, Q4 2023 etc lagi hebat
After they buy low,lower and coming lowest then will be laggards quite long times and your money will be sangkut. Ppl called it program buying strategies.
8sen is the lowest when covid 19 started in 2020... 2023 it showed Q1, 2023 profitable.... Time to fly this year....sny fearful sell is the transfer of wealth to us
Bang syed would bring or find Investors for picorp :)
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7201 PICORP PROGRESSIVE IMPACT CORPORATION Change in Boardroom Date of Change: 30/05/2023 Type of Change: Appointment Designation: Chairman Directorate: Ind & N/Exec Name: SYED HISHAM BIN SYED WAZIR Age: 68 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Directorship of public companies (if any): 1. MSM Malaysia Holdings Berhad2. Bermaz Auto Berhad Family relationship with any director and/or major shareholder of the listed issuer: Nil Details of any interest in the securities of the listed issuer or its subsidiaries: Nil Remarks: Datuk Syed Hisham bin Syed Wazir's appointment took effect upon the conclusion of the 31st Annual General Meeting held on 30 May 2023. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
Hong Kong stocks rose more than three percent Friday morning, driven by a rally in tech firms on hopes the Federal Reserve will decide against hiking interest rates this month.
The Hang Seng Index surged 3.14 percent, or 571.11 points, to 18,788.02.
The gains follow a lengthy period of losses in the city fuelled by concerns about China's stuttering economic recovery.
But traders tracked a rally on Wall Street and in Europe ahead of the release of US jobs data later in the day that will provide the Fed with a fresh guide on what to do with monetary policy.
Optimism for a rate-hike skip this month was boosted by data showing private hiring slowed in May – albeit at a slower pace than forecast – and wage growth eased for a second straight month.
The news bodes well for the release later Friday of the more closely followed non-farm payrolls figure, which the Fed uses as one of its crucial guides for its rates decisions.
Monetary policy officials have said a softer labour market and much lower inflation were key to the bank being able to stop lifting borrowing costs. - AFP
Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve.
A bill that suspends the US$31.4 trillion debt ceiling - and averts a catastrophic government default - sailed through the House of Representatives on Wednesday after a majority of both Democrats and Republicans backed the measure despite opposition from hardline members of both parties. The U.S. Senate will follow up by considering the bill.
David Klink, senior equity analyst at Huntington Private Bank, said the debt-ceiling deal seems to have been well-telegraphed, with investors - conditioned by the debt dramas of the past decade - knowing it was coming.
"So it was like, buy the rumor, sell the news," Klink said.
The MSCI world equity index, which tracks shares in almost 50 countries, added 1.1 per cent. The pan-European STOXX 600 index rose 0.78 per cent after closing at a two-month low in the previous session.
On Wall Street, all three main indexes rose, led by stocks in technology, communication services, healthcare, industrials and financials.
The Dow Jones Industrial Average rose 0.47 per cent to 33,061.57, the S&P 500 gained 0.99 per cent to 4,221.02 and the Nasdaq Composite added 1.28 per cent to 13,100.98.
U.S. Treasury yields fell after Labor Department data on Thursday showed U.S. worker productivity slumped in the first quarter, indicating an easing of the tight labor market and reducing the likelihood of a rate hike.
The yield on benchmark U.S. 10-year Treasury notes dropped to 3.607 per cent, while the yield on the 30-year Treasury bond was down at 3.826 per cent.
The U.S. dollar drifted from a two-month high as investors trimmed bets based on lower rate hike expectations, while the euro recovered from a two-month low after European Central Bank (ECB) President Christine Lagarde said inflation remained too high and further policy tightening was necessary.
The dollar index fell 0.586 per cent, with the euro up 0.68 per cent to US$1.0761.
Oil prices were buoyed by optimism from the passage of the debt ceiling bill that could underpin consumer demand despite reports that U.S. crude inventories rose by about 5.2 million barrels last week.
Brent crude futures settled up 2.3 per cent to US$74.65 a barrel, their biggest daily gains since May 17. U.S. West Texas Intermediate crude (WTI) climbed three per cent to settle at US$70.10 a barrel, recording its biggest daily gains since May 5.
Gold gained nearly one per cent to a more than one-week peak on Thursday, as the dollar tumbled. Spot gold added 0.8 per cent to US$1,978.01 an ounce, while U.S. gold futures gained 0.73 per cent to US$1,978.30 an ounce. - Reuters
KUALA LUMPUR: The ringgit traded higher against the US dollar in the early session today as investors await the release of the United States (US) nonfarm payrolls data later today, said a dealer.
At 9 am, the local note rose to 4.5990/6030 versus the greenback compared with Thursday's closing of 4.6110/6165.
ActivTrades trader Dyogenes Rodrigues Diniz said investors were uncertain ahead of the release of the US nonfarm payrolls data.
"From a technical point of view, the Relative Strength Index (RSI) indicator shows that the US dollar/ringgit is in an overbought region and the ringgit could rise further if the price manages to break the 4.5860 level.
"If that is the case, the US dollar/ringgit could reach 4.5260, where it should find some solid support," he said in a note today.
Meanwhile, Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the ringgit could stabilise and might record a slight appreciation given the positive development on the US debt ceiling along with soft economic data that might lead to a more dovish stand by the US Federal Reserve.
In the meantime, the ringgit was traded lower against a basket of major currencies.
It went down to 3.3101/3132 against the Japanese yen from 3.2995/3036 at Thursday's closing, declined against the euro to 4.9494/9537 from 4.9356/9415 and depreciated versus the British pound 5.7602/7653 from 5.7407/7475 yesterday.
The local note was traded mostly lower against other Asean currencies.
The ringgit fell against the Thai baht to 13.2823/3008 from 13.2569/2792 yesterday and slid against the Singapore dollar to 3.4117/4149 from Thursday's 3.4095/4138.
It eased against the Indonesian rupiah at 306.6/307.1 from 307.4/308.0 on Thursday and was flat against the Philippine peso at 8.19/8.21.
KUALA LUMPUR: The ringgit traded higher against the US dollar in the early session today as investors await the release of the United States (US) nonfarm payrolls data later today, said a dealer.
At 9 am, the local note rose to 4.5990/6030 versus the greenback compared with Thursday’s closing of 4.6110/6165.
ActivTrades trader Dyogenes Rodrigues Diniz said investors were uncertain ahead of the release of the US nonfarm payrolls data.
"From a technical point of view, the Relative Strength Index (RSI) indicator shows that the US dollar/ringgit is in an overbought region and the ringgit could rise further if the price manages to break the 4.5860 level.
"If that is the case, the US dollar/ringgit could reach 4.5260, where it should find some solid support,” he said in a note today.
Meanwhile, Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the ringgit could stabilise and might record a slight appreciation given the positive development on the US debt ceiling along with soft economic data that might lead to a more dovish stand by the US Federal Reserve.
In the meantime, the ringgit was traded lower against a basket of major currencies.
It went down to 3.3101/3132 against the Japanese yen from 3.2995/3036 at Thursday’s closing, declined against the euro to 4.9494/9537 from 4.9356/9415 and depreciated versus the British pound 5.7602/7653 from 5.7407/7475 yesterday.
The local note was traded mostly lower against other Asean currencies.
The ringgit fell against the Thai baht to 13.2823/3008 from 13.2569/2792 yesterday and slid against the Singapore dollar to 3.4117/4149 from Thursday’s 3.4095/4138.
It eased against the Indonesian rupiah at 306.6/307.1 from 307.4/308.0 on Thursday and was flat against the Philippine peso at 8.19/8.21. - Bernama
2 groups probably.. 1 group sells to another group cheaply attracting retailers with fear, good strategy.. get cheap shArea from frightened retailers.later they would buy nonstop... average cost per share will be low for these 2 groups playing bad or good cop
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....
pendekarbujang
262 posts
Posted by pendekarbujang > 2023-05-30 15:32 | Report Abuse
meeting outcome?