What are the Incentives and Requirements of setting up a "Single Family Office" in Malaysia?

Minister of Finance II, Senator Datuk Seri Amir Hamzah Azizan announced the Single Family Office scheme as part of incentive packages for the Forest City Special Financial Zone on 20 September 2024.

Meanwhile, Securities Commission Malaysia (SC) has been tasked with coordinating the Single Family Office incentive scheme.

This comes after the Prime Minister Dato’ Seri Anwar Ibrahim’s announcement last year on policies to encourage establishment of family offices in Malaysia to draw a larger pool of investors that will widen the financing support for SMEs and the new economy.

So, let's look at the incentives given...

Substantial stake acquisition of LPI Capital Bhd by Public Bank Bhd ~ Is it a good deal?

The rumours had finally come to an end. It's now confirmed that Public Bank Bhd (PBB) is going to acquire 44.15% stake in LPI Capital Bhd (LPI) from the family of the late Tan Sri Teh Hong Piow.

Both companies were founded by the late Tan Sri Teh, who passed away in 2022. LPI Capital is mainly in general insurance business under the brand name of Lonpac.

Lonpac currently has 21 branches throughout Malaysia and 1 branch in Singapore. LPI also operates in Cambodia through a 45%-owned associated company. The remaining effective equity interest of 55% in Campu Lonpac Insurance Plc is held by PBB.

The Proposal

• Acquirer : Public Bank Bhd
• Vendor : Family of the late Tan Sri Teh Hong Piow
• Subject : 44.15% stake of LPI Capital Bhd
  
• Offer Price : RM9.80 per share
• Offer Value : RM1.72 billion cash 💢

Let's do some analysis

The Power of the Magnificent 7 ~ Tech Titans Shaping Our Future

When it comes to the stock market, a few tech giants have consistently stood out, earning the nickname "The Magnificent 7". 👀

This elite group comprises Alphabet (Google's parent company), Amazon, Apple, Meta (formerly Facebook), Microsoft, Nvidia, and Tesla. Together, they wield unparalleled power and influence over the tech industry, finance markets, and the very fabric of our digital lives.

Let’s dive deeper into who they are and why they’re such game-changers.

3 Reasons Why Ringgit is getting Stronger currently!

The Malaysian Ringgit (MYR) has been gaining ground against major currencies recently, catching the attention of investors, businesses, and travellers alike. (Some of you were surprised 😬) But, what’s driving this upward trend?

Currency fluctuations can often seem complex, but understanding the factors behind the Ringgit’s strength can provide valuable insights into Malaysia's economic landscape.

In this post, we'll break down the top 3 reasons fuelling the Ringgit's rise. Whether you’re a savvy investor or just curious about how this affects your wallet, read on to find out what’s behind the Ringgit’s recent surge!

Below are extracted from the Keynote Address by BNM's Deputy Governor Adnan Zaylani at IFN Asia Forum 2024 on 25 September 2024:

Strong Ringgit: Winners and Losers

The Malaysian Ringgit (MYR) has recently shown signs of strengthening against major currencies, especially against USD, sparking conversations among investors, businesses, and everyday Malaysians. 😏💬

While this shift has its advantages, it also brings challenges for various sectors.

Let’s explore who stands to benefit from a strong Ringgit and which companies might face some headwinds. 😭😁

Who Benefits from a Strong Ringgit?