Weekly Round-Up; Stories That Caught Our Attention: Ringgit At 4.30, Total Trade Hit A New High And MN Holdings Bhd’s Shares Oversubscribed 118.48 Times

Ringgit At 4.30 Against The US, Harks Days Of Financial Crisis

Heightened fear of Interest rate hike in the UK, concerns of inflation locally, and outflow of funds from the local bourse has all added to the weakening of the ringgit, economists chimed in to say. This morning the ringgit slid further to open at 4.30 from 4.28 at yesterday’s close

They add that the bearish phase of the ringgit would remain throughout the year with the ringgit trading around 4.26 to 4.28 throughout the year. To read the full story click here

Total Trade Hit a New High of MYR236.6b in March 2022: DOSM

The Department of Statistics Malaysia (DOSM) said in this official statement that Malaysia’s total trade recorded a double digit growth of 27.3 per cent year-on-year (y-o-y) in March 2022 to reach a new high of RM236.6 billion,

Export and import values in March once again broke the record for all-time highs at RM131.6 billion and RM104.9 billion, respectively. To read the full story click here

MN Holdings Bhd’s Shares Oversubscribed 118.48 Times

Malaysian Issuing House Sdn Bhd announced that the IPO of MN Holdings Bhd by the Malaysian public is oversubscribed by 118.48 times.

MN’s IPO comprises a public issue of 81,750,000 new ordinary Shares (“Shares”) which were made available for application in the following manner: To read the full story click here

More than 50% of Companies Adopt Contingent Workforce to Overcome Talent Crunch: PERSOLKELLY

PERSOLKELLY, the HR solutions company, has recently released its 2022 APAC Workforce Insights report titled “Building Agility with a Contingent Workforce”.

The report highlights how companies are turning to a Contingent Workforce strategy to overcome headcount shortages. Survey findings involved 1,112 employers and HR decision-makers across 12 markets in the Asia Pacific, namely Malaysia, Australia, China, India, Indonesia, Hong Kong, New Zealand, Singapore, South Korea, Taiwan, Thailand, and Vietnam. To read the full story click here

Japan Is A Trade Deficit Nation As The Yen Continues To Tumble

Japan reported a trade deficit of 412 billion Yen in March. As part of an ongoing trade struggle. 

A wonder the currency has been under tremendous and continuous pressure as global food and energy prices reach toward the stratosphere. There are not many Japanese authorities can do.  To read the full story click here

Market Separation Could Be Growing Theme

The Dow Jones looks like it is breaking out of a significant consolidation period to re-continue the previous up-trend higher.

The Nasdaq appears ready to collapse through the bottom of its recent trading range.

The SP500 looks confused running from one side of the boat to the other. To read the full story click here

PNB Launches Sustainability Framework Allocates RM10 Billion For Green Transition

Permodalan Nasional Berhad announces its new Sustainability Framework that will define and internalise its goals for a more sustainable future amidst a changing global investment landscape.

The PNB Sustainability Framework was formulated based on several guiding beliefs. The first belief is that by integrating ESG issues more systematically into its investments and operations, it will be better positioned to seize new opportunities. With its size and influence, the government fund manager also has an important role in addressing the systemic challenges facing communities and stakeholders, particularly its unitholders. To read the full story click here

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