"Oil prices plunge further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand, sets new seven-month low on trade tensions."
"Brent crude futures were down 3.56%, at $56.84 a barrel, setting a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April. U.S. West Texas Intermediate (WTI) crude futures were down 3.8%, at $51.57."
"Brent has plunged more than 10% over the past week after U.S. President Donald Trump said he would slap a 10% tariff on a further $300 billion in Chinese imports from Sept. 1, sending global equity markets into a tailspin."
BIG PRICE CORRECTION IN OIL & GAS STOCKS COMING VERY SOON AS OIL PRICE PLUNGE TOWARDS USD50/BARREL
@Dawn : hahahahaha he’s always calling buy when high to others to bail him out. And thing I don’t like also is to lure others trap at high EP as well. Just ignore that fella and we will be much happier. I topped up more during .235-.240 hoping it will fly and bring me another round of small fortune! Goodluck to all as well!
Budget 2020: IDEAS proposes gradual GLC stake divestment by government KUALA LUMPUR (Sept 19): The Institute for Democracy and Economic Affairs (IDEAS) has today proposed a review of Malaysian government-linked companies (GLCs) to form the basis of a divestment strategy, under which the government targets a gradual disposal of its shareholdings in GLCs to 10% of these companies' total market capitalisation by 2030. IDEAS research director Laurence Todd said this today in light of the government’s high shareholding in publicly-listed companies, at over 40% of total market capitalisation with majority stakes in over 70 entities. “This high government presence creates concerns over competition and the lack of liquidity in Malaysia’s capital markets. We believe that the time has come to transition from this model,” Todd said today at IDEAS' public forum ahead of Malaysia's Budget 2020 announcement on Oct 11 this year. Today, IDEAS' Budget 2020 proposals include a new living wage tax credit, under which employers are incentivised, but not required, to increase wages up to a new monthly living wage of RM2,500 per employee. To ensure that employees can share in the wealth of the country, IDEAS said the government could use the establishment of an employee equity scheme (EES). Under this scheme, employers will be incentivised to allocate shares to employees, who will be encouraged to hold on to these assets rather than sell them for easy cash. “We propose both these policies to be introduced in the forthcoming budget and recommend they be paid for through rationalisation of existing investment incentives,” said Todd. On a broader scale, IDEAS, in recognising the government's effort to reduce its budget deficit, said the government in the longer term, should introduce a capital gains tax at an initial rate of 5% with a tax-free allowance of RM50,000. “The government should launch a consultation on the introduction of this new tax in Budget 2020,” he said.
as long as the CEO still holds umno post..no way current government can give them any new army contract, even though they are capable of executing it. ..at least he must relinquish his top umno post la ...otherwise..consider dead counter la
Kenzotaj Director collecting for few days. Good things to come after P.P.? -------------------- rozabil ?? he has been collecting even before 509 last year until now hahahaha
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....
lavenderong
193 posts
Posted by lavenderong > 2019-07-24 11:46 | Report Abuse
I find this stock, buy - lose money. I only make some if I sell first, then buy back.