PNB + EPF + KWAP = RM2billion Kulim II High-tech Industrial Asset

In a joint statement today, it stated that three of the largest asset managers in the country have come together to co-invest in a deal worth a total of RM2 billion.

Permodalan Nasional Berhad (PNB), the Employees Provident Fund Board (EPF), and Kumpulan Wang Persaraan (Diperbadankan) [KWAP] (collectively known as co-investors) have signed a sale and leaseback transaction agreement valued at RM2 billion with OSRAM Opto Semiconductors Sdn Bhd, a wholly-owned domestic subsidiary of Austria-based, ams OSRAM AG, a leader in intelligent sensors and emitters.

What's the deal?

Maybank's Secure2u activation can be done via ATM only?

Are you a Maybank customer? If yes, you should have a read here. 👀

Please be informed that starting 31 October 2023, all first-time Secure2u activation and activation on new devices will require activation via Maybank ATM in line with Bank Negara Malaysia’s latest security measures.

Kindly refer to the section below to find out the latest steps to register and activate your Secure2u. 👇👇👇

Budget 2024: Four Key Highlights related to our EPF Account

From the statement, the Employees Provident Fund (EPF) is pleased that the Budget 2024, announced by YAB Prime Minister Dato’ Seri Anwar Ibrahim on 13 October 2023, prominently addresses some of the concerns the EPF had raised on the long-term financial well-being of Malaysians.

EPF Chief Executive Officer Datuk Seri Amir Hamzah Azizan said, “Budget 2024 reflects an important step forward in prioritising the financial security and prosperity of Malaysia’s aging population.

With a concerted effort to strengthen our resources and retirement allocations, this Budget highlights the Unity Government’s commitment to ensuring the dignity and comfort of its citizens.

Four Key highlights of Budget 2024 related to EPF:

Budget 2024: Winners and Losers

In the face of global uncertainties, the slightly expansionary Budget 2024 attempts to balance economic growth, fiscal discipline, sustainability and the rakyat’s well-being.

However, most analysts are largely “neutral” about the effect on the local equity market. We have compiled some of the very brief summaries from various analysts' reports for your quick reference here.

Budget 2024: Six Things That Caught My Attention :)

Malaysian Prime Minister and Finance Minister tabled his first full budget themed “Economic Reforms, Empowering the People” on 13 October 2023. In the face of global uncertainties, the slightly expansionary Budget 2024 attempts to balance economic growth, fiscal discipline, sustainability, and the rakyat’s wellbeing.

The key takeaway from the 2024 budget announcement made by Prime Minister Datuk Seri Anwar Ibrahim is the continuity and follow-through from other recent policy statements: the Ekonomi Madani, NETR, NIMP2030, and mid-term review of the 12MP.

However, the below 6 things caught my attention from various reports. And, it will be good to highlight to all of my beloved readers here:

A Game Changer SuperApp from DNeX?

Dagang NeXchange Berhad (DNeX) via its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd (Dagang Net) has launched TradeSwift DAGANGNET, an all-in-one trade facilitation SuperApp.

The SuperApp is a proprietary innovation by DNeX and represents a significant step forward in digital trade solutions.

With TradeSwift DAGANGNET, manufacturers, small and medium enterprises (SMEs), importers and exporters, shipping and forwarding agents, and freight forwarders can enjoy the convenience and efficiency to perform multiple trade facilitation services anytime, anywhere in real-time.

Single mobile application...