Morning Call; Range Bound Trading In The Local Bourse Ahead Of Series Of Economic Data
Range Bound Trading In The Local Bourse Ahead Of Series Of Economic Data
“It expects traders to focus on the technology stocks given the rebound in Wall Street. Meanwhile, the consumer, REITs, and transportation and logistics sector will benefit as Malaysia has transitioned into the endemic phase.”
To read the full story, click here.
World Bank Lowers Forecasts for Global Growth
“For the United States alone, the World Bank has slashed its growth forecast to 2.5% this year from 5.7% in 2021 and from the 3.7% it had forecast in January. For the 19 European countries that share the euro currency, it downgraded the growth outlook to 2.5% this year from 5.4% last year and from the 4.2% it had expected in January.”
To read the full story, click here.
Biden Waives Solar Panel Tariffs for Malaysia and 3 Other Countries
“The White House said the President invoked the Defense Production Act to spur US solar panel manufacturing and exempted tariffs on solar panels from four Southeast Asian nations for two years as part of his push for clean energy.”
To read the full story, click here.
Issue Of Hiring Workers From Three Countries Expected To Be Resolved Soon
“The process involving workers from Bangladesh has also been completed. There is only one thing I have not completed… concluding Malaysia’s agreement with Cambodia to bring in Muslim maids. I will go there in July and most likely we will finish.”
To read the full story, click here.
Sunway Strengthens Research Collaboration and Education Link with University of Cambridge
“A major highlight of this partnership is the recent establishment of the Jeffrey Cheah Biomedical Centre at the Cambridge Biomedical Campus, the centerpiece of one of the largest biotech clusters in the world, which was set up in 2019. The centre has contributed towards the advancement of biomedical knowledge and research and has enabled scientists to explore cutting-edge research to tackle some of the world’s major health challenges, such as COVID-19.”
To read the full story, click here.