Aiitopia

A merger to leverage the strengths of both UEM Sunrise and EcoWorld, says UEM Group chairman News of the proposed merger between UEM Sunrise Bhd and Eco World Development Group Bhd, which will form one of Malaysia's largest real estate companies by market value, set the market abuzz yesterday. Below is what Tengku Datuk Seri Azmil Zahruddin, chairman of UEM Sunrise's parent UEM Group Bhd, s...

https://www.weforum.org/agenda/2020/06/17-predictions-for-our-world-in-2025?fbclid=IwAR2kNA4XRX617NUxQe0dRebq819coIgOF__bOWn0G6mQDIwyBdUmvOw4CFw

Future shocks: 17 technology predictions for 2025 We asked our 2020 intake of Technology Pioneers for their views on how technology will change the world in the next five years. Here are their predictions.

https://newsroom.airasia.com/news/2020/6/10/new-airasia-unlimited-pass-set-to-accelerate-domestic-tourism-recovery

New AirAsia Unlimited Pass set to accelerate domestic tourism recovery — AirAsia Newsroom Following the announcement that domestic travel in Malaysia will resume today, AirAsia will launch an Unlimited Pass to stimulate and revitalise Malaysia’s domestic tourism in support of the Government’s effort.

Aiitopia updated their business hours.

Exceeds the market's pessimistic expectations
▪️ From the stock market crash in March to the recent skyrocketing, the KLCI and FTSE Small Cap Indexes have risen by more than 25% and 60%, respectively, and have completely recovered from the March plunge. "Crazy" is my only adjective to the stock market. This increase seems to exceed the pessimistic expectations in the market.
▪️ The market generally believes that because the current stock market is opposite with the actual economy, it is only a matter of time stock market will reflect the actual economy.

Foreign investors have been reducing their holdings in Bursa
▪️ Net outflows of foreign capital in 2018 and 2019 were RM 11.9 billion and RM 11 billion respectively.
▪️ Withdrew RM 13.2 billion in capital so far this year. This is 20% higher than the foreign outflow in 2019. Foreign capital has been reducing Malaysia’s shareholding mainly because of economic and political considerations.

Malaysia’s political situation
▪️ According to reports, the opposition coalition tried to seek support on or before the next parliamentary parliament (held in July) to recapture power from the current government. The current government accounts for only a small percentage of Congress.

Retail investors are king makers
▪️ The strong interest of retail investors in the Malaysian stock market is the creator of this sharp rise. Due to the liquidity brought about by the stimulating economic package to retail investors (the loan suspension measures are estimated to bring benefits of RM100 billion to the economy), the people have nothing to do at home due to MCO, staying at home, betting and closing casinos, plus past history tells when the stock market crashed, it was a good time to get low, so local retail investors all opened accounts and invest in stock market together!
▪️ We noticed that the average daily net buying and selling volume of retail investors has almost doubled the average number in 2019. In my observation, most of the retail investors just come to speculate and want to make quick money in a short time.

https://www.youtube.com/watch?v=oHHSSJDJ4oo

Could Solar Storms Destroy Civilization? Solar Flares & Coronal Mass Ejections https://shop.kurzgesagt.org/ We have a bunch of new stuff, from the long requested bacteriophage infographic poster to a new Optimistic Nihilism poster that ...

REAL STATE GOOD NEWS!!!
These are the goodies announced by our PM that will have an impact on and boost the property market in general.

Home Ownership Campaign for RETURNS
HOC is going to be reintroduced again.
SPA / Transfer Of Title and Loan Agreement for Residential Property Value between RM300,000 and RM2,500,000 will be imposed through this campaign.

Stamp duty waiver on Transfer of Property Title is limited to the first RM1mil of the price of the residential property, while the full waiver will be granted on the Loan Agreement.
This waiver will begin from 1 June 2020 until 31 May 2021 (provided that the developer must give the purchaser at least 10% of the discount).

Tax on Real Property Gain
RPGT waive the right of all Malaysian residents to dispose of residential property from 1 June 2020 to 31 December 2021.
The waiver shall be subject to a maximum of three ( 3) properties per person.

DSR (Debt Service Ratio) on the third property
In addition to the fact that DSR for third (3rd) property with a value of RM600,000 and above is not subject to a 70 per cent loan margin cap during this re-introduction of the HOC period, the loan margin cap will be determined subject to risk management by individual banks.