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?

Boost App: Convenience Fee Update effective 14 October 2024

Another day, another e-wallet announcing that they will charge 'Reload Fee' if you're going to reload using credit card.

For Boost app, it called this as 'convenience fee' (different name, yet same type of charges 😑)

However, this is not new for Boost app user. Because just in March 2024, they already announced that they will charge convenience fee of 1% but waived it up to certain reload amount per month. (Click here to read the throwback)

Now, Boost app is making an adjustment on such reload. Is it getting better or worse?

Read below:

Single Family Office (SFO) in Malaysia: An Attractive Destination with New Tax Incentives

Have you ever wondered how ultra-wealthy families manage their wealth, investments, and legacy planning? The answer often lies in something called a "Single Family Office" (SFO).

And if you're considering Malaysia as your next destination, there’s exciting news! 💖💖💖

Malaysia’s Strategic Move: Joining BRICS

In an exciting turn of events, Malaysia is set to join BRICS (if successful), the inter-governmental organization that has been making waves in the global economic and political landscape.

For those unfamiliar with BRICS, let's take a closer look at what this means for Malaysia and the world. 👀

A Brief Background of BRICS

Are you excited about the new MRT3 Circle Line?

After MRT1 and MRT2 lines, it's time to complete the final puzzle with the final line called MRT3 or Circle Line.

Members of the public can inspect the alignment map from 2 September - 2 December, 2024 at 35 locations in the Klang Valley, comprising:

• 8 MRT Info Kiosks
• 27 MRT Info Trucks at key sites

So, let's get a glimpse of the proposed MRT3 line here 👇👇👇: