BNM's Interim Measures on Medical and Health Insurance Repricing!

Hello, readers! Big news just dropped from Bank Negara Malaysia (BNM) today regarding the much-debated repricing of Medical and Health Insurance (MHI) and Takaful plans.

If you’re worried about rising medical insurance premiums, don’t fret — BNM has announced some interim measures to address public concerns. Let’s dive into what these measures mean for you.

What is happening now?

Bursa Malaysia’s Latest Product: USD Used Cooking Oil FOB Straits (Platts) Futures Contract (FUCO)

Bursa Malaysia is cooking up something big — and it’s not in the kitchen. On December 16, 2024, Bursa Malaysia Derivatives officially launched the Used Cooking Oil Futures (FUCO), making waves as the first of its kind in Malaysia.

This isn’t just a financial product; it’s a game-changer for the commodities market and a major step towards environmental sustainability.

What? Used Cooking Oil?
Yes, It’s Now a Futures Contract!

Yes, that leftover oil from frying your favourite nasi lemak sambal or goreng pisang has value! 😂😃

On its debut, a total of 42 contracts, representing 1,050 metric tons of used cooking oil was traded, showing strong initial interest. But why all the excitement?

Bursa IPO Frenzy: 4 Exciting Listings to Watch this Week

If there’s one thing keeping Malaysian investors buzzing lately, it’s the initial public offering (IPO) scene. The market’s been sizzling, and this coming week’s line-up has something for everyone, from medical care to fashion and even solar solutions.

Let’s dive into the 4 companies about to make their public debut.

1. TOPVISION Eye Specialist Berhad 
   IPO Date: 16 December 2024
   
   
   
   
   
   TOPVISION is a medical eye care provider with a stellar reputation for treating eye diseases and disorders. With 10 ambulatory care centers across Malaysia, it’s a solid player in the healthcare sector.
   
   
   This IPO might appeal to those who believe in investing in the growing demand for quality healthcare services. Keep an eye on this one (pun intended) if you’re into defensive, long-term growth sectors. Website: https://www.tvesc.com/en/

EPF’s Belanjawanku 2024/2025: Are You on Track for Retirement?

The Employees Provident Fund (EPF) has just released its updated Belanjawanku 2024/2025 and the Retirement Income Adequacy Framework.

These tools provide Malaysians with essential benchmarks to plan for a comfortable lifestyle — whether you’re starting your career, raising a family, or heading into retirement.

But here’s the burning question: Are you financially prepared for retirement? 😕😐

A Quick Look at Belanjawanku 👀

“Penang Silicon Design @5km+” Initiative – Elevating Malaysia’s Position in the Global IC Design and AI Landscape

Spearheaded by the Penang State Government through its lead agency, InvestPenang, the “Penang Silicon Design @5km+” initiative is set to revolutionise Malaysia’s semiconductor industry and is fully aligned with the National Semiconductor Strategy (NSS).

This ground-breaking initiative marks a pivotal leap into the front-end of semiconductor value chain, accelerates the AI revolution, driving the nation to the forefront of global technology innovation.

This ambitious initiative offers a comprehensive IC design ecosystem, comprising 3 key components:

Pavilion REIT to acquires two iconic KL Hotels (that you definitely heard of)

Pavilion Real Estate Investment Trust (Pavilion REIT) has announced the proposed acquisitions of two prestigious hospitality assets in Kuala Lumpur, the Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), in a landmark deal worth RM480 million.👀

MTrustee Berhad, acting for and on behalf of Pavilion REIT, entered into conditional sale and purchase agreements with Lumayan Indah Sdn Bhd for the acquisition of BTKL at a purchase consideration of RM140 million, and with Harmoni Perkasa Sdn Bhd for the acquisition of PHKL at a purchase consideration of RM340 million.