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The information gathered does not identify any individual visitor. It is aggregated and entirely anonymous.","appSMALinkLabel":"Social media and advertising","appSMACookiesText":"These cookies are used when you share information using a social media sharing button or like button on our sites, link your account, or engage with our content on or through a social networking site such as Facebook, Linkedin, Twitter etc. These cookies track your browsing habits and let us show you ads that match your interests.","appCookiesNewLabel":"We Serve Cookies","appCookiesLinkLabel":"We use cookies to ensure you get the best experience on our website. Cookies also assist in our marketing efforts and analytics. By clicking Accept, you agree to our use of cookies. Learn more about __POLICYLINK__ and __COOKIEPOLICY__.","appTermcondPrivecyText":"By signing up, you agree to our __TERM__ and __POLICY__"},"forgetpwdpage":{"forgotpwdtext":"Forgot Password","emailaddress":"Email","resetpwdbtn":"Reset Password","forgotaccounttext":"Don’t have an account? ","forgotalreadyaccounttext":"Already have an account?","forgotsignin":"Sign in","forgotsignuptext":"Sign up Now"}},"languageSetting":{"Accept":"Accept","account_reset_successfully":"Your account login has been reset successfully","added_to_favorites":"Added to favorites","alert_food":"Alert!","alert_notification":"Notification","allow":"Allow","allow_appname_to_access_your_location":"Allow QTrepreneur DAO to access your location?","american_express":"AmericanExpress","amount":"Amount","amount_to_pay":"Amount to pay","App_is_still_not_live_at_AppStore":"Your app needs to be live before you can complete this action","app_test_alret_notification_android":"You are using the test version of your app. To publish your app to Play store, chat with us today!","app_test_alret_notification_ios":"You are using the test version of your app. To publish your app to App store, chat with us today!","April":"April","are_you_sure_you_want_to_deactivate_your_account":"Are you sure you want to deactivate your account?","are_you_sure_you_want_to_delete_your_account":"Are you sure you want to delete your account?","ar_not_supported_msg":"Augmented reality Core Not supported on this device","AUCTION_DD":"DD","AUCTION_PAY":"Pay","AUCTION_PURCHASED_STATUS":"Purchased status","AUCTION_SEARCH_LOCATION":"Search location","August":"August","authentication_failed":"Authentication failed","beacon_dialog_message":"Turn on the BlueTooth","beacon_dialog_title":"Beacon needs to turn on Bluetooth","become_member_by_subscribe":"Become a member by subscribing below","biometric_error_sdk_not_supported":"Device not supported","biometric_failed":"Fingerprint authentication failed","bookingstatus":"Booking Status","buy":"Buy","buy_subscription":"Buy Subscription","BY_TERMS_USES":"By submitting, you agree to Privacy Policy and Terms of Use","call_dir":"Call","call_joined":"Call joined","Camera_social_network":"Camera","card_detail":"Card Details","card_name":"Card Name","card_number":"Card Number","card_security_code":"Card Security Code","cash_on_delivery":"Cash on delivery","change_consent":"Change EU consent","change_lang_pass":"Change Password","change_your_password":"Change your Password","chat_screen_name":"Screen Name","chat_upload_pic":"Upload Pic","check_availbility":"Submit","check_internet_connection":"Oops! Please check your internet connection and try again","check_location_service":"Please check your location services","check_parental_setting_iap":"IAP disabled, please check for parental settings","clear_cache":"Clear Cache","code_verification":"Verification code","common_back":"Back","common_bookmark":"Bookmark","common_call_now":"Call now","common_cancel":"Cancel","common_card_holder_name":"Card holder name","common_check_the_back_of_your_credit_card_for_cvv":"Check the back of your credit/debit card for CVV","common_choose_option":"Choose option","common_confirm":"Confirm","common_deleting_file":"Deleting file…","common_download_in_process":"Download is in progress, please wait…","common_expiry_month":"Expiry Month","common_expiry_year":"Expiry Year","common_file_not_found":"File not found","common_get_direction":"Get Directions","common_page":"Page","common_payment_is_failure":"Unfortunately, your payment has been declined","common_payment_method":"Payment Options","common_place_order":"Pay Now","common_print":"print","common_save":"Save","common_share":"Share","common_share_location":"Share Location","common_show_map":"Show Map","common_upload_from_gallery":"Upload Image from Gallery","confirm_fingerprint_to_continue":"Authenticate fingerprint to continue","confirm_password_mobile":"Confirm Password","connect_with_us":"Connect With Us","contact_your_app_admin":"The feature you are trying to access has been deprecated. Please contact your app admin for more details.","cookies_accept":"I Accept","credit_card_place_holder":"XXXX-XXXX-XXXX-XXXX","currency":"Currency","daily_limit_for_youtube_api_requests_exhausted":"Daily limit for YouTube API requests has been exhausted","data_not_availaible_Hyper":"Data not available","dating_delete_chat":"Delete chat","days":"days","Dd_Booking_Id":"Booking Id","Dd_OFF":"OFF","Dd_On":"ON","DD_TERMS_AND_CONDITION":"Terms \u0026 Condition","Dd_Vehicle_Type":"Vehicle Type","DD_YOU_ARE_ALREADY_LOGIN":"You are already logged in to another device. Please logout first.","deactivate_account_msg_first":"You may have some apps or games in your account. Please delete them if you wish to deactivate your account.","deactivate_account_msg_second":"Note: Your account will be deactivated. 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We are accessing location background permission for smooth functioning of the geo-fence feature .","get_in_touch_with":"get in touch with","good":"Good","GO_BACK":"Go Back","go_to_main_page":"Go to Main Page","hide_all":"Hide All","Home":"Home","hrs":"Hrs","HYPERSTORE_BILLING_ADDRESS_MISSING":"Billing address missing !","HYPERSTORE_LOGIN_REQUIRED":"Login Required","HYPER_HOURS":"Hours","HYPER_MINUTES":"Minutes","iap_popup_msg_global":"Note: If you get this popup after purchasing a subscription, simply tap the subscription you have purchased, and you will be given access for free. You will not be charged again.","image_reflection_msg":"Click on the below image to show the reflection","implement_weekly_configuration":"You should implement weekly configuration, because it's new","install_update":"Install Update","instead_of":"instead of","invalid_card_details":"Invalid card details, please check your card details","invalid_payment_credentials":"Invalid payment credentials","Invalid_URL":"Invalid URL","Invalid_user_name_or_password":"Invalid Username or Password","invitation_link_comm":"If you have invitation link","ios_version_not_supported":"Not supported in this version of iOS","issue_downloading_image":"There is some issue in downloading image","item_price":"Item Price","January":"January","join_meeting":"Join Meeting","July":"July","June":"June","later":"Later","latest_sold":"Latest Sold","location_notification_text":"We are using your location, to enhance your experience","location_notification_title":"Android foreground notification","location_service_restricted":"Your location services are restricted. Please allow your location service","lock_screen_security_not_enabled_in_settings":"Lock screen security disabled in Settings","login_limit_exceeded":"You are already logged in app from same credential on different device","login_mcom":"Login","login_with_face_id":"Login with Face ID","login_with_touch_id":"Login with Touch ID","LogOut":"Logout","male":"Male","manage_personal_information":"Manage personal information","mandatory_fields_cant_be_left_blank":"Mandatory fields can't be left blank","March":"March","mark_all_read":"Mark all read","master_card":"MasterCard","May":"May","minimum_length_of_phone_number":"Phone number should be minimum 8 character long","mob_activate_account":"Activate Account","mob_deactivate_account":"Deactivate Account","Mon":"MON","Monday":"Monday","monthly":"Monthly","month_name":"Month name","more_details":"More Details","msg_availableBalance":"Your available balance amount","msg_availableBalanceAfterOreder":"WIll Be Available After place order","myprofile":"My Profile","name_mcom":"Name","New_Categories_Launches":"New Categories Launches","new_file_update":"My Files","new_password_cant_be_same_as_previous_password":"New password can't be same as previous password","new_password_mobile":"New Password","new_releases":"New Releases","new_update_downloaded":"An update has just been downloaded. Please install the update to view the changes.","No":"No","notifications":"Notifications","November":"November","no_ar_scanner_msg":"Augmented reality scanner data not available","no_camera":"You don't have camera","no_content":"No NFT's here","no_items_to_restore":"There are no items to restore","no_purchased_record":"No purchased record found for this page. Please buy a new plan to access page","no_purchase_yet":"You haven't purchased anything yet","no_reviews":"No Reviews","no_video_available":"No video available to watch at the moment.","October":"October","ok":"OK","ok_mcom":"Ok","old_password_com":"Current Password","ONE_STOP_SOLUTION_FOR_YOUR_SERVICES":"ONE-STOP SOLUTION FOR YOUR SERVICES","one_time":"One Time","oops_password_cant_be_change":"Oops! Password can't be changes, please try again","oops_verification_code_doesnt_match":"Oops! Verification code doesn't match. Please try again","order_id_mcom":"Order ID","or_text":"OR","Others":"Others","otp":"OTP","otp_code_has_been_sent_to":"OTP has been sent to","otp_incorrect":"The OTP you've entered is incorrect","page_level_subscription_required":"Page level Payment/Subscription is required to access this page, please do visit the mobile app for the same","password_dir":"Password","password_must_include_at_least_one_lowercase":"Password must include at least one lowercase letter","password_must_include_at_least_one_numeric":"Password must include at least one numeric value","password_must_include_at_least_one_special":"Password must include at least one special character","password_must_include_at_least_one_uppercase":"Password must include at least one uppercase letter","payment_credentials_not_valid":"Payment credentials are not valid","payment_failed_try_again":"Payment failed!, Please try again","payment_method_type":"Payment method","payment_type":"Payment Type","paypal_payment_fail":"Your paypal payment fail","PERMISSION_DENIED_PREMIUM":"You don't have permission to view this page","permission_required_msg":"You have forcefully denied some of the required permissions for this action. Please open settings, go to permissions and allow them.","phone_already_exists":"Phone number already exist","phone_Dir":"Phone","phone_number_not_available":"Phone number not available!","please_enter_a_keyword":"Search","Please_enter_password":"Please enter your password","please_enter_password_mcom":"Please enter valid password","please_enter_valid_card_holder_name":"Enter cardholder's name exactly as it appears on the card","please_enter_valid_cvv_code":"Invalid CVV code. Please try again!","Please_enter_valid_email_id":"Please enter valid email ID","Please_enter_valid_email_or_phone":"Enter your Email or Phone Number","please_enter_valid_expairy_month":"Please enter valid expiry month","please_enter_valid_expairy_year":"Please enter valid expiry year","Please_Enter_Valid_Number":"Invalid card number. Please try again!","please_enter_valid_number_dir":"Please enter a valid phone number with country code","please_enter_valid_phone_mcom":"Please enter valid phone number","please_enter_valid_phone_number_mcom":"Phone number can't be left blank","please_enter_your_keyword":"Please enter your keyword","Please_select_at_least_one_option":"Please select at least one option","please_select_your_profile_video":"Please select your profile video","please_turn_on_your_gps":"Please turn ON your GPS","please_upload_profile_Video":"Please Upload profile video","please_visit":"Please visit","Popular":"Popular","pos_manage":"Manage","powered_by":"Powered By","press_again_to_exit":"Press again to exit","press_star_time":"Press Start Time Button to start your shift","privacy_policy_food":"Privacy Policy","privacy_setting":"Privacy Setting","profile":"Profile","Profile_Updated_Successfully":"Profile Updated Successfully","Profile_updated_successfully_hyp":"Profile updated successfully","purchase":"Purchase","qr_scan":"Scan","redirecting_back_to_app_in":"Redirecting back to app in","Registered_successfully":"Successfully Registered","register_at_least_one_fingerprint_in_settings":"Register at-least one fingerprint in device settings","reinstallation_required":"Reinstallation Required!","reinstall_required":"The feature you're trying to use is not supported in this app version. Please reinstall your app to access this feature. Contact us for more details.","reject_foodcourt":"Reject","remember_text":"Remember me","removed_from_favorites":"Removed from favorites","request_failed_try_again":"Request failed please try again","resend_code":"Resend Code","resend_code_in":"Resend Code in","reset_changeeu":"Reset/ChangeEU","reset_code":"Code","reset_login":"Reset Login","restore_already":"Restore if already purchased","RETWEETED_BY_APP":"Retweeted by","Review_and_Rating":"Ratings","sales_count":"Sales Count","Sat":"SAT","Saturday":"Saturday","saved":"Saved","save_card":"Saved Card","save_preferences":"Save Preferences","save_this_card_for_faster_checkout":"Save this card for faster checkout","scanned_result":"Scanned result","screenshot_saved_successfully":"Screenshot saved successfully.","search_for":"Search for","search_your_location":"Search your location","seconds":"seconds","select":"Select","select_file":"Select File","select_group":"Select Group","select_payment_method":"Select payment method","September":"September","setting":"Settings","set_time":"Set Time","show_add":"Show Add","show_add_alert":"Do you want to show Add?","signup_agree":"Agree","signup_entername_alert":"Name field can't be left blank","Sign_up_email":"Please enter a valid Email","Sign_up_password":"Password field can't be left blank","Sign_up_password_do_not_match":"Password don't match. Try again","Sign_up_password_send_mail_id":"A new password has been sent to your registered Email ID","Sign_up_password_should_be_seven_char":"Password length should be minimum 8 characters.","Sign_up_password_unable_to_reset":"Unable to reset your Password","similar_products":"Similar Products","social_choose_picture":"Upload Image","something_went_wrong_please_try_again":"Something went wrong, please try again!","special_request":"Notes","stars":"Stars","stripe_intent_pay":"Stripe Intent Pay","strong":"Strong","submitting_form":"Submitting Form","submit_food":"Submit","success_food":"Success","Sun":"SUN","Sunday":"Sunday","sure_to_purchase":"Are you sure want to purchase this item?","system_generated_password_has_been_sent_to":"System generated password has been sent to","Terms_and_Conditions":"Terms and Conditions","text_has_been_copied":"Text has been copied","text_history":"History","this_account_doesnot_exist":"This account doesn't exist","this_account_is_inactive_block":"This account is inactive/blocked. Please contact admin at","this_emailid_not_registered":"The email address that you've entered doesn't match any account.","this_feature_will_not_work_with_test_flight":"This feature will not work with Test Flight or Test Lab. Please go to ‘Test Your App’ section and scan the QR code again to install the app.","this_link_will_open_outside_of_this_app":"This link will open outside of this app. Are you sure that you would like to open it?","Thu":"THU","Thursday":"Thursday","time_greater_than_current_time":"Time should be greater than the current time","Top_most_services":"Top most services","totalinweek":"Total in week","total_amount":"Total Amount","total_work":"Your total work according to your selection","touch_not_available_on_device":"Touch ID not available on this device","touch_not_configured_in_device":"Touch ID not configured in device","to_access_premium_adfree_content":"To access this premium ad-free content","transaction_id_food":"Transaction ID","transgender":"Transgender","Tue":"TUE","Tuesday":"Tuesday","type_your_message_here":"Type your message here","unable_to_get_your_location":"Unable to get your location","Unable_to_register":"Unable to Register!","unfortunately":"Location not found","update_now":"Update Now","update_required":"Update Required!","upgrade_required_rebuild":"The feature you're trying to use is not supported in this app version. Please upgrade your app to access this feature.","upload_from_gallery":"Upload image from gallery","url_not_available":"Url not available!","user_address":"User Address","User_already_registered":"User already exists!","user_cancelled_login":"User cancelled login","user_left":"User left","user_profile":"User Profile","use_your":"Use Your","use_your_background_location":"Use your background location","validate_advance_booking":"We accept requests for advanced appointments only 5 days (variable) prior to the date.","valid_iap_credentials":"Valid IAP credentials","valid_otp":"Please enter a valid OTP","verification_code":"Verification code","verification_code_has_been_sent_to":"Verification code has been sent to","verification_confirm":"Confirm","Verify":"Verify","verify_otp":"Verify OTP","view_layout":"To view this layout, you must update the category details and activate the “New launch” and “Show services on homepage” options. Also, you can add the most used services from the General Settings section to provide a better user experience.","visa":"Visa","wallet_pay_bal":"Wallet Pay balance","Warning":"Notice","Wed":"WED","Wednesday":"Wednesday","week":"Weak","weekly":"Weekly","without_coupon":"Do you wish to Continue without coupon","Working_Hours":"Working Hours","yearly":"Yearly","Yes":"Yes","your_account_inactive_changed_activate":"Your account is inactive, please activate your account","your_applied_coupon":"Your applied coupon has been already used, you will be charged.","your_app_has_been_locked_by_the_admin":"Your app has been locked by the admin. Please fill in the required details, then click Submit to submit your request to the admin.","your_app_is_locked":"Your App is Locked","your_device_does_not_have_a_fingerprint_sensor":"Your Device doesn’t have a Fingerprint Sensor","your_image_saved":"Your image has been saved to your photos","your_password_has_been_successfully_changed":"Password changed successfully","your_payment_is_not_successfull":"Payment failed. Please try again!","your_response_has_been_successfully_recorded":"Your response has been successfully recorded!","you_have_entered_wrong_current_password":"You have entered wrong password. Please try again","you_have_exceeded_the_number_of_attemp":"You have exceeded the number of allowed login attempts. 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(EN)","catIcon":"https://api.appexecutable.com/images/no-image.jpg","status":"1","type":"","newsList":[{"newsId":"331939","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689136000_Qtrepreneur-News-3.jpg","summary":""}],"newsHeading":"Meta launches Twitter rival Threads -- but not in Europe","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/85838/331939","accessStatus":"public","type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689136000_Qtrepreneur-News-3.jpg","newsDate":"06 Jul 2023 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3.0（中）","catIcon":"https://api.appexecutable.com/images/no-image.jpg","status":"1","type":"","newsList":[{"newsId":"331940","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689141144_Qtrepreneur-News-4.jpg","summary":""}],"newsHeading":"新旧业务带动 MYEG服务首季净利涨25%","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/85839/331940","accessStatus":"public","type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689141144_Qtrepreneur-News-4.jpg","newsDate":"30 May 2023 21:08","mediaGallery":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689141144_Qtrepreneur-News-4.jpg","summary":""}]}],"newsType":1}],"categories":[{"catId":"85836","catName":"Business (EN)","newsType":1},{"catId":"85837","catName":"企业（中）","newsType":1},{"catId":"85838","catName":"Web 3.0 (EN)","newsType":1},{"catId":"85839","catName":"Web 3.0（中）","newsType":1},{"catId":"85840","catName":"International（EN）","newsType":1},{"catId":"85841","catName":"国际（中）","newsType":1},{"catId":"86078","catName":"财经（中）","newsType":1},{"catId":"86079","catName":"Finance （EN）","newsType":1,"data":[{"id":"335576","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Bursa Malaysia opens higher after subdued Tuesday","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335576","newsFullStory":"Bursa Malaysia showed a slight improvement on Wednesday, gaining 0.13 per cent at opening, following a subdued trading day on Tuesday.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.95 points to 1,452.73 from Wednesday's close of 1,450.78.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe FBM KLCI opened 1.59 points better at 1,452.37.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eOn the broader market, gainers outnumbered losers 121 to 91, while 273 counters were unchanged.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eTurnover amounted to 137.75 million units worth RM52.47 million.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMalacca Securities Research said the FBM KLCI extended the consolidation phase with further profit taking activities emerging within the index heavyweights. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, the US stock markets continued to charge higher led by the technology sector in anticipation of at least three rate cuts by the Federal Reserves in 2024. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"This is in line with our view that given the US gross domestic product (GDP) is still growing in third quarter of 2023 (3Q23) and the inflation data came in within expectations last month, we believe the Fed will be staying less hawkish for the near \u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eterm,\" it said in its daily market review.\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe firm remains optimistic in the final trading week of the year, anticipating that window dressing activities may emerge and push the FBM KLCI higher\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"We are still expecting buying support to return within the technology sector in view of the strong rally in the US. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"Also, we like the Johor-theme coupled with the potential revival of the mega infrastructure projects next year, which may provide an upside move towards the construction, properties, building materials as well as the utilities sectors. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"We favour the consumer sector in view of normalising costs and the ongoing recovery theme post Covid-19 environment,\" it added.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e","addedon":"27 Dec 2023 18:02","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1703643822_Qtrepreneur-News-7.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1703643822_Qtrepreneur-News-7.png","summary":""}],"totalComments":0},{"id":"335402","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Ringgit opens higher amid cautious trade ahead of US data, cabinet reshuffling","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335402","newsFullStory":"The ringgit opened higher against the US dollar today amid cautious trade as investors kept an eye on major developments, including the release of US inflation data and Malaysia's Cabinet reshuffling. \u003cbr /\u003e\r\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eA\u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003et 9 am, the ringgit strengthened to 4.6750/6800 versus the greenback from Monday's close of 4.6805/6850 .\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eBank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said consensus estimates have put the headline US consumer price index (CPI) for November 2023 at 3.1 per cent, slightly down from 3.2 per cent previously, while core CPI is likely to be sustained at 4.0 per cent.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe US Dollar Index (DXY) is seen to be rising by 0.08 per cent to 104.095 points.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"The market is looking for more conviction that the US rates will be lowered next year and, therefore, will pay close attention to the upcoming Federal Open Market Committee (FOMC) meeting, especially on the 2024 forecast,\" he told Bernama.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe two-day FOMC meeting will commence tonight. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIn the previous forecast in September, Mohd Afzanizam said, the US Federal Reserve was looking at around 25- to 50-basis point cut in the Federal Funds Rate next year.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"As such, larger interest rate cuts for next year will bode well for the ringgit. For now, the ringgit should remain range-bound,\" he said. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eOn the local front, a Cabinet reshuffle is expected to take place today, which may include the appointment of a finance minister II, according to sources with knowledge of the matter.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe sources also said the swearing-in ceremony of federal ministers is scheduled for 2.30 pm Tuesday. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the ringgit was mostly higher versus a basket of major currencies. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt appreciated against the British pound to 5.8732/8795 from 5.8782/8839 at Monday's close and increased vis-a-vis the euro to 5.0326/0380 from 5.0414/0462 previously.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, the local currency weakened against the Japanese yen to 3.2071/2108 from 3.2034/2067 yesterday. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the ringgit traded mostly firmer against other Asean currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt ticked up versus the Philippine peso to 8.40/8.41 from Monday's closing of 8.41/8.42, improved against the Indonesian rupiah to 299.2/299.6 from 299.6/299.9 previously, and was higher versus the Singapore dollar at 3.4802/4842 compared w\u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eith 3.4830/4866 yesterday.\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003eHowever, the ringgit weakened against the Thai baht to 13.1147/1365 from 13.1103/1306. - Bernama\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e","addedon":"12 Dec 2023 18:20","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702437849_Qtrepreneur-News-4.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702437849_Qtrepreneur-News-4.png","summary":""}],"totalComments":0},{"id":"335403","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Ringgit opens on softer note against US dollar","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335403","newsFullStory":"The ringgit opened on a softer note against the US dollar on Monday as the greenback strengthened in light of the latest United States (US) nonfarm payrolls (NFP) data which surpassed expectations. \u003cbr /\u003e\r\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt 9 am, the ringgit eased to 4.6750/6800 against the greenback from last Friday's close of 4.6625/6665.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAccording to reports, the US NFP numbers came in at 199,000 in November versus consensus estimates of 180,000. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said upon further scrutiny, the sharp rise in the US NFP was mainly due to workers returning from their strike.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"As for now, expect ringgit versus the US dollar to remain guarded,\" he told Bernama. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the ringgit was traded mostly lower versus a basket of major currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt depreciated against the British pound to 5.8685/8748 from 5.8542/8593 at Friday's close and weakened vis-a-vis the euro to 5.0359/0413 from 5.0243/0286 last week.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, the ringgit strengthened against the Japanese yen to 3.2164/2200 from 3.2307/2337 previously.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt the same time, the ringgit traded mixed against other Asian currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt stood unchanged versus the Philippines' peso at 8.41/8.43 from Friday's close, but increased against the Thai baht to 13.1283/1494 from 13.1933/2094. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe local note inched down versus the Singapore dollar to 3.4844/4884 from 3.4818/4853 last week, and went down against the Indonesian rupiah to 301.2/301.7 from 300.4/300.8 previously. - Bernama\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e","addedon":"11 Dec 2023 20:06","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702438189_Qtrepreneur-News-5.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702438189_Qtrepreneur-News-5.png","summary":""}],"totalComments":0},{"id":"335302","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Ringgit opens firmer vs US dollar","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335302","newsFullStory":"The ringgit reversed its losses to open higher against the US dollar on Friday amidst positive developments in the Asian foreign exchange (forex) market.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eBank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said risk appetites improved after attention appeared to have shifted towards the Japanese Yen as the Bank Of Japan (BOJ) is seen to be changing their course soon \u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eafter remaining excessively accommodative. \u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt 9.15 am, the ringgit rose to 4.6660/6700 versus the greenback compared with yesterday's close of 4.6720/6765.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHe noted that the BOJ has kept its policy rate at -0.1 per cent since January 2016 until now.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eJapan's inflation rate has been above the two per cent target for quite some time with headline and core Consumer Price Index (CPI) standing at 3.2 per cent and 2.7 per cent in October, respectively.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAs such, Mohd Afzanizam said there has been a significant appreciation of the Japanese yen of late to 144.15 yen.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThis happened as the US Federal Reserve (Fed) is expected to keep their Fed Fund Rate unchanged next week when the Federal Open Market Committee (FOMC) reconvenes on Dec 12-13.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"On that note, the ringgit should remain stable today at around RM4.67-RM4.68 against the greenback,\" he told Bernama.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe ringgit was traded mostly lower against a basket of major currencies. It rose against the British pound to 5.8778/8828 from 5.8802/8858 at Thursday's close.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt fell against the Japanese yen to 3.2632/2662 from 3.2243/2276 and was weaker vis-a-vis the euro to 5.0374/0417 from 5.0359/0408 yesterday.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the ringgit traded mostly lower against other Asean currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt appreciated versus the Philippine peso at 8.42/8.45 from 8.45/8.46 but eased against the Thai baht to 13.2916/3086 from 13.2803/3014.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe local unit fell to 3.4912/4947 against the Singapore dollar from 3.4884/4920 and declined against the Indonesian rupiah to 300.6/301.1 from 301.0/301.5 previously. - Bernama\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e","addedon":"08 Dec 2023 18:03","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702001551_Qtrepreneur-News-2.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702001551_Qtrepreneur-News-2.png","summary":""}],"totalComments":0},{"id":"335040","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"China's fast-fashion retailer Shein files for US IPO - sources","newsLocation":"China","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335040","newsFullStory":"China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eGoldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, and Shein could go public sometime in 2024, the sources said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe fast-fashion giant's moves to go public comes at a time when the market for initial public offerings is struggling to rebound after a string of lacklustre stock market debuts in the U.S.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIn recent months, there were four major IPOs, and three of them disappointed investors. Shares of German sandal-maker Birkenstock, grocery delivery app Instacart and chip designer Arm Holdings dropped below their IPO prices in the days th\u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eat followed their debuts, though Arm's shares are now trading above that price.\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"It doesn't strike me as the most opportune time for Shein to come public, but if they need capital the markets are open at least we've had a rally off the lows in the last few weeks and investor sentiment has been more positive than it was a few \u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eweeks ago,\" said Jason Benowitz, senior portfolio manager at CI Roosevelt.\u003c/span\u003e\u003cspan style=\"color: var(--snappy-theme-text-primary-on-light); font-size: 14px;\"\u003e.\". When investors can review the financials, I would expect to see pretty strong growth historically... the key question will be if they can kind of maintain the pace or to continue to gain market share going forward,\" he said.\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein had started low-profile roadshows for the float in the U.S., said one of the sources, both declining to be identified due to confidentiality restraints.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe retailer's latest move also comes amid tightened scrutiny on the company from U.S. lawmakers.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIn August, Republican attorneys general from 16 U.S. states asked the Securities and Exchange Commission to audit China-founded fast-fashion retailer Shein's supply chain for the use of forced labor ahead of its potential IPO.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein, known for its US$10 tops and US$5 biker shorts, ships the majority of its products directly from China to shoppers by air in individually addressed packages.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe direct shipping strategy helped the firm avoid unsold inventory piling up in warehouses and avoid import tax in the United States, one of its biggest markets, as it allows the e-tailer to take advantage of the \"de minimis\" provision that exempts cheap products from tariffs.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe tax provision is now under growing congressional scrutiny, with critics saying it allows the companies to evade higher tariffs on Chinese goods.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eReuters in July reported that Shein, which had previously halted IPO plans almost twice, has been working with at least three investment banks about a potential IPO and was in talks with the New York Stock Exchange and the Nasdaq.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein, which is now based in Singapore, declined to comment. Goldman and JPMorgan declined to comment while Morgan Stanley did not immediately respond to a request for comment.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe company was valued at more than $60 billion in May and is expected to become the most valuable China-founded company to go public in the United States since ride-hailing giant Didi Global's debut in 2021 at US$68 billion valuation.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eFast fashion retailers have been gaining popularity in the United States, with Shein taking away market share from the likes Gap as shoppers look for fresher styles and trendier clothing.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIn August, Shein partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, in an attempt to expand their market reach and build on the growing demand for their products.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein along with Temu.com, however, have not been able to see shopper visits to their sites turn into sales and are far behind market leader Amazon.com, which has been able to convert visitors into buyers.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein's confidential IPO was first reported by the Wall Street Journal earlier on Monday. - Reuters\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e","addedon":"28 Nov 2023 18:52","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1701147222_Qtrepreneur-News-1.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1701147222_Qtrepreneur-News-1.png","summary":""}],"totalComments":0},{"id":"335041","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Perak Corp, Advancecon up on deal to develop RM1 billion Silver Valley Technology Park in Perak","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335041","newsFullStory":"Financially troubled Perak Corporation Bhd and Advancecon Holdings Bhd's share price were both opened higher on news that the two would work together to develop the RM1.03 billion Silver Valley Technology Park (SVTP) in Perak.\u003cbr /\u003e\r\u003cdiv\u003eAs at 9.32am, Perak Corp was up 1.72 per cent to 29.5 sen, while Advancecon was unchanged at 42 sen.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003ePerak Corp, which is currently classified as a Practice Note (PN) 17 company, is 51 per cent owned by Perbadanan Kemajuan Negeri Perak (PKNP), the Perak state agency in charge of economic development and socio-economic growth for the state.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eIn a filing with Bursa Malaysia Securities Malaysia Bhd yesterday, Perak Corp said it has appointed Advancecon unit Advancecon Development Sdn Bhd (ADSB) as the joint venture partner for the development of the main infrastructure for the (SVTP) industrial hub and sale of completed industrial lots with main infrastructure on thirty-nine pieces of leasehold lands measuring 798.24 acres all located in Hulu Kinta, Perak.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eThe proposed joint development is for a five-year period and subject to Perak Corp shareholders' approval and also Bursa Malaysia Securities' approval of its regularisation plan.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eIt is also subject to a written undertaking from PKNP, the registered and beneficial owner of the land and the holding corporation of Perak Corp.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\"As Perak Corp is classified as an affected listed issuer under PN 17, the proposed joint development provides an avenue for the company to raise funds to channel towards the group's business operations which will improve the group's overall cash flow position as well as strengthening its financial position as part of its regularisation effort.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eThe proposed joint development is part of the measure to raise the necessary cash required for the group's business regularisation plans, which are still in the midst of being finalised as at the date of this announcement,\" Perak Corp said in its fiing with Bursa Malaysia Securities.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003ePerak Corp plans to make the requisite announcement for its proposed regularisation plan in the fourth quarter of 2023 (4Q23).\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eThe company has until Feb 10, 2024 to submit its regularisation plan.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eAdditionally, Perak Corp said the company and Advancecon shall be entitled to a revenue share on a 35 per cent and 65 per cent basis of the net development value.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eADSB has obtained the financing facility for the proposed joint development\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e","addedon":"28 Nov 2023 18:02","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1701147927_Qtrepreneur-News-2.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1701147927_Qtrepreneur-News-2.png","summary":""}],"totalComments":0},{"id":"334892","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"EPF flexible account to be implemented in April 2024","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/334892","newsFullStory":"The Employees Provident Fund (EPF) flexible account is expected to be implemented in April next year.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eDeputy Finance Minister I Datuk Seri Ahmad Maslan said the government is combing through the details for the account and related agencies have provided their views on the matter.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"The EPF will announce its dividend in February and more details on the flexible account would also be announced. \"For now related organizations have given their views on the flexible account and the public could also write to the Finance Ministry and EPF on the matter. \"The third account will be implemented starting from April next year,\" he told reporters at the 40th Asean Social Security Association (ASSA) Seminar and Board Meeting.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eWhen asked about the public's concerns on their retirement fund being affected by the flexible account, the deputy minister said there would be several aspects within the account that would not affect contributor's savings.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"It was stated that there would be a certain percentage contributed towards the third account and it can only be withdrawn during emergencies. \"That is why the government is getting more details on the types of emergencies that would allow for withdrawals,\" he added.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eDuring the tabling of the 2024 Budget, Prime Minister Datuk Seri Anwar Ibrahim announced that the government would be introducing flexible EPF accounts for immediate EPF withdrawals.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eFollowing the announcement, the EPF stated that it will carry out a restructuring of the accounts of contributors to further empower and maximize their retirement savings for their old-age well being.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eEPF chief executive officer Datuk Seri Amir Hamzah Azizan previously said the restructuring of the accounts of contributors will help members balance short, medium, and long-term needs.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e","addedon":"20 Nov 2023 18:48","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1700450746_Qtrepreneur-News.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1700450746_Qtrepreneur-News.png","summary":""}],"totalComments":0},{"id":"334523","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Ringgit opens higher against US dollar as Fed keeps rates steady","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/334523","newsFullStory":"The ringgit opens higher against the US dollar today after the United States Federal Open Market Committee (FOMC) made a unanimous decision to keep the Fed Fund Rate steady at a range of 5.25 per cent to 5.50 per cent during its meeting last night.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt 9.05am, the ringgit appreciated to 4.7520/7570 against the greenback from yesterday’s close of 4.7695/7735.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eBank Muamalat Malaysia Bhd's chief economist and head of social finance Mohd Afzanizam Abdul Rashid said the decision by the US Federal Reserve (Fed) aligned with market expectations.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“However, the Fed's evaluation of the economy is showing a more cautious stance. In the accompanying FOMC statement, it was explicitly stated that the tightening of financial and credit conditions is expected to impact economic activities.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“The term “financial” likely refers to the significant increase in long-term US treasury yields, which has reduced the need for the Fed to implement additional monetary tightening measures,” he told Bernama.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHe also said the current development could have a positive effect on the ringgit as it has been in an oversold condition for an extended period.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the local currency was traded lower against a basket of major currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe ringgit depreciated against the Japanese yen to 3.1600/1635 from 3.1540/1569 at Wednesday’s close, lower against the euro to 5.0371/0424 from 5.0313/0356 and fell against the British pound to 5.7936/7997 from 5.7897/7946 previously.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe local note was traded mixed against other Asean currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt appreciated against the Indonesian rupiah at 298.1/298.6 from 299.2/299.6 and rose against the Philippine peso at 8.37/8.39 from 8.39/8.41\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe ringgit depreciated against the Singapore dollar to 3.4800/4840 from 3.4786/4820 and was lower against the Thai baht to 13.1982/2176 from 13.1645/1803 at yesterday’s close. ― Bernama\u003c/div\u003e","addedon":"02 Nov 2023 18:10","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1698899936_Qtrepreneur-News-1.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1698899936_Qtrepreneur-News-1.png","summary":""}],"totalComments":0},{"id":"332158","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"5 Situations That Contribute To Overspending","newsLocation":"iMoney","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/332158","newsFullStory":"Saving money is an age-old problem that can often be attributed to ever-rising costs of living; but the problem of saving money is also one of a psychological nature in which our mind and way of thinking ultimately lead us to spend more than we really need to.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eHere are five situations in which you’re more likely to spend more than necessary:\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e\u003cbr\u003e\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003eWhen presented with an urgency to buy\u003cbr /\u003e\r\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eHave you ever bought two pairs of jeans because it was on a one-day-only buy-one-free-one promotion?\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eIt’s inevitable, nobody likes to miss out on a great deal on something they want which is why, when presented with an urgency to buy, they tend to rush into their wallets – never heads first.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eThis urgency to buy often manifests itself as offers with a time or quantity limit, but can also sometimes be disguised as an opportunity to try something that one would never usually – at least not at retail price, pay to experience.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: Put rationale and logic back in the front seat. It is rare for one source of consumer products or services to be able to claim exclusivity. If you miss out on a great deal, chances are you’ll be able to find it somewhere else or at a later time in the future.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e\u003cbr\u003e\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003eWhen maintaining more than one bank account \u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eResolved to start a home fund? There is the option of stashing your money under your pillow or in your socks drawer, but everybody knows that isn’t the wisest move.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eEnter the option of opening a new bank account, which incidentally is easy, lets you earn interest, and can be done over lunch with time to spare for dessert. With so many attractive offers to open a bank account, it’s hard to see the downside of doing so.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eBut according to researchers, having your income spread across a few places can result in false security. By thinking that you have money saved up in another bank account, it’s easier to justify a purchase, which in turn can lead to unnecessary spending.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: Constantly remind yourself of the purpose of opening the second account – which is to save, and keep track of your spending.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003eWhen buying something presumed to be embarrassing\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eUnlike Westerners, Asians have a tendency to shun the topic of sex, which makes buying things that imply one’s intentions of partaking in such an act to be embarrassing.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eWhen one perceives a particular item (think condoms) to be embarrassing, they are more likely to employ diversion tactics by purchasing something (or a bunch of things) they don’t necessarily need, thus spending more than they actually have to.\u003c/div\u003e\u003cdiv\u003eA study in the Journal of Consumer Research found that almost 80% of people spend money on unnecessary extras as a way of diverting attention.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: The ideal solution is better awareness and education that can ultimately change the mindset of people perceiving certain topics (and by extension, any items that imply the subject) to be embarrassing and must be shunned. But, if it can’t be helped, supplement your “embarrassing” purchases with things that you will actually have a use for.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003e\u003cbr\u003e\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb style=\"\"\u003eWhen retail therapy is the cure for stress\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eWhat do you get when you put together a horrendous traffic jam, an inbox bursting with unread emails, and a grumpy boss who also has to experience both things? Stress.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt is not uncommon to hear the words “retail therapy” being uttered when under the influence of stress these days and with online shopping gaining traction, shopping has become as common and frequent as eating.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShopping in this manner often leads to impulsive purchases and items that often become permanent residents of one’s closet or being the victim of a recycling run.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: To a working professional, stress is inevitable, but there are cheaper and healthier ways to manage stress. An article by Harvard Health Publications credits regular aerobic exercise with reduction in stress, anxiety, and depression.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003e\u003cbr\u003e\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb style=\"\"\u003eWhen you are not under pressure to get things done\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb style=\"\"\u003e\u003cbr\u003e\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eThis is best illustrated in the context of shopping. When one recognises that time and tide waits for no one, shopping becomes a task that needs to be over and done with as quickly as possible thus cutting out any unplanned stops which can lead to overspending.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: Fit your grocery shopping into a relatively busy day, such as a Saturday filled with other chores that need to be done, but allow yourself just enough time to complete everything without too much stress.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e\u003cbr /\u003e\r\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e\u003cbr /\u003e\r\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e","addedon":"19 Jul 2023 01:50","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689740571_overspending.jpg","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689740571_overspending.jpg","summary":""}],"totalComments":0},{"id":"332166","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"GoRemit: Touch ‘n Go eWallet lets you send money to 10 countries, recipients get funds in less than 15 minutes","newsLocation":"Malaysia","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/332166","newsFullStory":"TNG Digital has officially launched GoRemit, Touch ‘n Go eWallet‘s new digital remittance feature that allows you to send money to 10 countries. GoRemit allows you to send money directly to a foreign bank account or eWallet, or have it arranged as a cash pick-up, depending on the country. \u003cb\u003eRecipients can receive the funds within 15 minutes depending on the method of collection.\u003c/b\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eTouch ‘n Go eWallet’s GoRemit currently supports 10 countries namely Bangladesh, India, Indonesia, Nepal, Pakistan, the Philippines, Singapore, Sri Lanka, Thailand and Vietnam.\u003cb\u003e For most countries, the default option is bank account transfer and it takes 24 hours for the recipient to receive the funds.\u003c/b\u003e In some countries such as Vietnam, the Philippines and Bangladesh, you do get a quicker eWallet or Cash Pick-up where the recipient can receive the funds within 15 minutes. For eWallet collection, it supports bKash in Bangladesh, as well as GCash and PayMaya in the Philippines.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAccording to TNG Digital, the launch of GoRemit is part of the company’s comprehensive financial inclusion agenda to promote accessible financial services to the masses. \u003cb\u003eIt aims to cater to underserved communities, foreign workers, international students and expats, to provide them with a safe and convenient solution to send money back to their home country or loved ones.\u003c/b\u003e All senders are required to complete their account verification via the electronic Know Your Customer (eKYC) process.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eWhile the foreign exchange rates are competitive, take note that there’s a transfer fee that ranges between RM8 to RM15 depending on the country and mode of payment. For example, a bank transfer to Indonesia, Nepal, Vietnam and Singapore costs RM10 while in Vietnam it costs RM15. Cash pick-up is available in selected countries and in Vietnam, it costs RM15 for the transfer fee.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, in countries like the Philippines, the transfer fee for eWallet is lower at RM10 versus Cash pick-up which has a transfer fee of RM15. In Bangladesh, the transfer fee is lower at RM8 for eWallet but a bank account transfer is slightly more expensive at RM10.\u003c/div\u003e","addedon":"18 Jul 2023 18:00","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689753821_Go-remit.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689753821_Go-remit.png","summary":""}],"totalComments":0},{"id":"332159","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Usage of Central Bank Digital Currency may rise if global geopolitical conflicts worsen, says Andrew Sheng","newsLocation":"The Edge","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/332159","newsFullStory":"KUALA LUMPUR (June 15): Global traders and investors may turn to Central Bank Digital Currency (CBDC) as an alternative tool to transact bilaterally should the ongoing geopolitical conflicts further escalate and further weigh on confidence towards the US dollar hegemony that has been in place since the Bretton Woods Agreement, according to prominent economist Tan Sri Andrew Sheng.\u003cdiv\u003e\u003cbr\u003e\u003cdiv\u003e\u003c/div\u003e\u003cdiv\u003e“\u003cb\u003eThe US economy is doing better in part because of ChatGPT and the tech industry. \u003c/b\u003eBut since roughly one-fifth to one-third of tech industry profit in the US depend on their China business, if the US-China trade gets worse, overall profit will be down and therefore the demand for US dollar will also be down,” he told the audience here at International Institutional Investor Series 2023 on Thursday (June 15).\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“The point is in the Ukraine war, which nobody knows who is winning or losing, and I am not making a prediction, if Ukraine wins and Russia loses, the dollar hegemony role will remain totally unchanged.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“But if Ukraine loses, and the prestige and credibility of the Nato (North Atlantic Treaty Organization) is reduced, then the multi-currencies payment system which has been talked about by Brazil, Saudi Arabia etc will accelerate,” he explained.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eUnder a multi-currency settlement system, Sheng said it would be easier for trading nations to adopt CBDC as its feature that allows relevant transactions to be net off each other would result in lower requirement of liquidity holdings.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e“People need to understand that one reason why the US dollar is so strong, or so [widely] used, is [due to] what I call the heritage infrastructure issue. Once you put in software and hardware to process international payments, it's quite expensive to change,” he said.\u003cbr /\u003e\r\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eSecondly, Sheng said the Society for Worldwide Interbank Financial Telecommunication system, more widely known as the SWIFT system, is dependent upon Real Time Gross Settlement (RTGS).\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“RTGS means that every payment you make is to be paid gross rather than net. So, if I buy X stock, and I sell X stock at the same time, at the end of the day, I can actually settle net. But RTGS would require me to pay the full amount that I buy and then settle the full amount I sell, which means that both sides have to carry much higher liquidity than necessary.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“When you have a CBDC system, in which you have to buy the dollar in order to settle into the rupiah or between the ringgit and the rupiah, and with CBDC, you just swap, and net off the payment to between Bank Indonesia and Bank Negara Malaysia,” he explained.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eNonetheless, Sheng acknowledged that currently, the US dollar position remained unchallenged, as the country continued to deliver higher return on equity, liquidity and lower risks relative to the euro, Japanese yen and China’s renminbi.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003c/div\u003e","addedon":"15 Jul 2023 20:47","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689742180_The-Edge.jpg","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689742180_The-Edge.jpg","summary":""}],"totalComments":0},{"id":"332170","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Govt to issue strategic investor pass to make Malaysia global investment destination","newsLocation":"Malaysia","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/332170","newsFullStory":"\u003cb\u003ePUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim said today the government will actively issue the Strategic Investor Pass (SIP) for investors to enter Malaysia on a multiple-entry basis.\u003c/b\u003e\u003cdiv\u003e\u003cbr\u003e\u003cdiv\u003e\u003c/div\u003e\u003cdiv\u003eThrough this facilitation, he said, strategic investors identified by the Malaysian Investment Development Authority (Mida) will be able to stay in the country for a minimum of five years with a view to being extended for another five years.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"This initiative is to establish Malaysia as a leader in the Asian economy and a globally competitive investment destination,” said Anwar, who is also Finance Minister, at the Budget 2024 engagement session here today.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAnwar said the government has given Bank Negara Malaysia the full authority in deciding on the professionals' entry to Malaysia two months ago.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"Previously, after getting Bank Negara’s approval, they needed to go to the Home Affairs Ministry, causing further delay.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"But starting from two months ago, our decision is to give full autonomy to Bank Negara. Once Bank Negara decides and approves, (it is) automatically approved by all the relevant agencies,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eTo streamline Malaysia’s investment promotion agencies (IPAs), he said that by the end of the 2023, the Ministry of Investment, Trade and Industry (Miti) would take the lead in reducing duplication among the IPAs.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"At the same time, (it would) strengthen the focus on handholding both the domestic and foreign investors, with a focus on translating approved investments into realised domestic direct investments and foreign direct investments,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAnwar also said the government would expand the scope of the Digital Nomad Professional Visit Pass to cover manufacturing-related skills.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"Through this pass, eligible professionals such as electrical and electronics (E\u0026E) and integrated circuit (IC) designers can move to Malaysia and freelance up to two years,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eOn Tesla and SpaceX chief executive officer Elon Musk’s planned investments in Malaysia, Anwar said he has instructed Communications and Digital Minister Fahmi Fadzil and Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz to ensure that the three Malaysian companies involved with SpaceX be given the appropriate space and attention to meet Musk’s requirements.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"SpaceX is very interesting. When it was first launched, Malaysia was one of its early supporters (in 2009) while many other countries did not have the confidence (in the project), so he (Musk) mentioned to me how touched he was by our confidence.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"I said that while I personally could not take credit as it took place under the previous administration’s leadership, Malaysia is nonetheless proud of the decision, especially as three main companies in Malaysia are participating in the programme,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAnwar said Musk’s decision to work with the government reflects foreign investors’ confidence and that Malaysia has advantages that should be harnessed.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"Malaysia can regain ground if we can attract investors. Therefore, I feel that despite the problems we have inherited such as the debt and deficit, as well as the challenging economic scenario, there are also new signs of hope that we should harness,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAnwar today held a virtual meeting with Musk on investments involving electric car maker Tesla and SpaceX’s satellite Internet service.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe Prime Minister also said that the government is committed to driving economic growth and institutional reforms in an effort to make Malaysia a major investment destination.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"We will announce a policy to strengthen the MADANI economy at the end of this month or in early August. The important thing is that Malaysia becomes an Asian economic leader and is an investment destination at the global level,” he said. - Bernama\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003c/div\u003e","addedon":"15 Jul 2023 01:12","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689758317_OIF.jpg","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689758317_OIF.jpg","summary":""}],"totalComments":0}]}],"newsType":1,"pageIdentifire":"news_1686892454278_58","pageUrl":"news_1686892454278_58","iapStatus":false,"pageKey":{"folderKey":null,"autoLogin":"YES","pageIdentifierBecon":"news_1686892454278_58","pageNewid":"CEO News","pageUrl":"news_1686892454278_58","pageid":"news","premium":1,"webIconName":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/pageicon/web/icon_USR_pageicon_1687157223_6258.jpg","iapStatus":false,"version":9},"appid":"d416bca4d3c8","config":{"appName":"www.qtrepreneurdao.net","deviceId":"a6be6c89761f0a480f5ce391853a499d","version":"425","userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","type":"cf","appPwa":0,"device":"desktop","profileImage":"/images/user-pic.png","userid":null,"geolocation":{"latitude":0,"longitude":0},"token":null,"jwtToken":"eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJhcHBJZCI6ImQ0MTZiY2E0ZDNjOCIsImRvbWFpbiI6Ind3dy5xdHJlcHJlbmV1cmRhby5uZXQiLCJkZXZpY2VJZCI6IjAzYWRmMTRjOTU0MDBmZmFmMzU4ODM1MGY1N2Y2NzA5IiwiZGV2aWNlVHlwZSI6IlBXQSIsImlhdCI6MTczNzU3NjE3MX0.fVeyVcb7fpyKaX_CS4QzBHSOoZ-ngcEby3pjN5xF2HU"},"deviceId":"a6be6c89761f0a480f5ce391853a499d","singlePage":false},"response":{"catId":"86079","catName":"Finance （EN）","newsType":1,"data":[{"id":"335576","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Bursa Malaysia opens higher after subdued Tuesday","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335576","newsFullStory":"Bursa Malaysia showed a slight improvement on Wednesday, gaining 0.13 per cent at opening, following a subdued trading day on Tuesday.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.95 points to 1,452.73 from Wednesday's close of 1,450.78.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe FBM KLCI opened 1.59 points better at 1,452.37.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eOn the broader market, gainers outnumbered losers 121 to 91, while 273 counters were unchanged.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eTurnover amounted to 137.75 million units worth RM52.47 million.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMalacca Securities Research said the FBM KLCI extended the consolidation phase with further profit taking activities emerging within the index heavyweights. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, the US stock markets continued to charge higher led by the technology sector in anticipation of at least three rate cuts by the Federal Reserves in 2024. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"This is in line with our view that given the US gross domestic product (GDP) is still growing in third quarter of 2023 (3Q23) and the inflation data came in within expectations last month, we believe the Fed will be staying less hawkish for the near \u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eterm,\" it said in its daily market review.\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe firm remains optimistic in the final trading week of the year, anticipating that window dressing activities may emerge and push the FBM KLCI higher\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"We are still expecting buying support to return within the technology sector in view of the strong rally in the US. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"Also, we like the Johor-theme coupled with the potential revival of the mega infrastructure projects next year, which may provide an upside move towards the construction, properties, building materials as well as the utilities sectors. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"We favour the consumer sector in view of normalising costs and the ongoing recovery theme post Covid-19 environment,\" it added.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e","addedon":"27 Dec 2023 18:02","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1703643822_Qtrepreneur-News-7.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1703643822_Qtrepreneur-News-7.png","summary":""}],"totalComments":0},{"id":"335402","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Ringgit opens higher amid cautious trade ahead of US data, cabinet reshuffling","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335402","newsFullStory":"The ringgit opened higher against the US dollar today amid cautious trade as investors kept an eye on major developments, including the release of US inflation data and Malaysia's Cabinet reshuffling. \u003cbr /\u003e\r\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eA\u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003et 9 am, the ringgit strengthened to 4.6750/6800 versus the greenback from Monday's close of 4.6805/6850 .\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eBank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said consensus estimates have put the headline US consumer price index (CPI) for November 2023 at 3.1 per cent, slightly down from 3.2 per cent previously, while core CPI is likely to be sustained at 4.0 per cent.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe US Dollar Index (DXY) is seen to be rising by 0.08 per cent to 104.095 points.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"The market is looking for more conviction that the US rates will be lowered next year and, therefore, will pay close attention to the upcoming Federal Open Market Committee (FOMC) meeting, especially on the 2024 forecast,\" he told Bernama.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe two-day FOMC meeting will commence tonight. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIn the previous forecast in September, Mohd Afzanizam said, the US Federal Reserve was looking at around 25- to 50-basis point cut in the Federal Funds Rate next year.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"As such, larger interest rate cuts for next year will bode well for the ringgit. For now, the ringgit should remain range-bound,\" he said. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eOn the local front, a Cabinet reshuffle is expected to take place today, which may include the appointment of a finance minister II, according to sources with knowledge of the matter.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe sources also said the swearing-in ceremony of federal ministers is scheduled for 2.30 pm Tuesday. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the ringgit was mostly higher versus a basket of major currencies. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt appreciated against the British pound to 5.8732/8795 from 5.8782/8839 at Monday's close and increased vis-a-vis the euro to 5.0326/0380 from 5.0414/0462 previously.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, the local currency weakened against the Japanese yen to 3.2071/2108 from 3.2034/2067 yesterday. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the ringgit traded mostly firmer against other Asean currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt ticked up versus the Philippine peso to 8.40/8.41 from Monday's closing of 8.41/8.42, improved against the Indonesian rupiah to 299.2/299.6 from 299.6/299.9 previously, and was higher versus the Singapore dollar at 3.4802/4842 compared w\u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eith 3.4830/4866 yesterday.\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003eHowever, the ringgit weakened against the Thai baht to 13.1147/1365 from 13.1103/1306. - Bernama\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e","addedon":"12 Dec 2023 18:20","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702437849_Qtrepreneur-News-4.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702437849_Qtrepreneur-News-4.png","summary":""}],"totalComments":0},{"id":"335403","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Ringgit opens on softer note against US dollar","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335403","newsFullStory":"The ringgit opened on a softer note against the US dollar on Monday as the greenback strengthened in light of the latest United States (US) nonfarm payrolls (NFP) data which surpassed expectations. \u003cbr /\u003e\r\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt 9 am, the ringgit eased to 4.6750/6800 against the greenback from last Friday's close of 4.6625/6665.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAccording to reports, the US NFP numbers came in at 199,000 in November versus consensus estimates of 180,000. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said upon further scrutiny, the sharp rise in the US NFP was mainly due to workers returning from their strike.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"As for now, expect ringgit versus the US dollar to remain guarded,\" he told Bernama. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the ringgit was traded mostly lower versus a basket of major currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt depreciated against the British pound to 5.8685/8748 from 5.8542/8593 at Friday's close and weakened vis-a-vis the euro to 5.0359/0413 from 5.0243/0286 last week.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, the ringgit strengthened against the Japanese yen to 3.2164/2200 from 3.2307/2337 previously.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt the same time, the ringgit traded mixed against other Asian currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt stood unchanged versus the Philippines' peso at 8.41/8.43 from Friday's close, but increased against the Thai baht to 13.1283/1494 from 13.1933/2094. \u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe local note inched down versus the Singapore dollar to 3.4844/4884 from 3.4818/4853 last week, and went down against the Indonesian rupiah to 301.2/301.7 from 300.4/300.8 previously. - Bernama\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e","addedon":"11 Dec 2023 20:06","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702438189_Qtrepreneur-News-5.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702438189_Qtrepreneur-News-5.png","summary":""}],"totalComments":0},{"id":"335302","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Ringgit opens firmer vs US dollar","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335302","newsFullStory":"The ringgit reversed its losses to open higher against the US dollar on Friday amidst positive developments in the Asian foreign exchange (forex) market.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eBank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said risk appetites improved after attention appeared to have shifted towards the Japanese Yen as the Bank Of Japan (BOJ) is seen to be changing their course soon \u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eafter remaining excessively accommodative. \u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt 9.15 am, the ringgit rose to 4.6660/6700 versus the greenback compared with yesterday's close of 4.6720/6765.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHe noted that the BOJ has kept its policy rate at -0.1 per cent since January 2016 until now.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eJapan's inflation rate has been above the two per cent target for quite some time with headline and core Consumer Price Index (CPI) standing at 3.2 per cent and 2.7 per cent in October, respectively.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAs such, Mohd Afzanizam said there has been a significant appreciation of the Japanese yen of late to 144.15 yen.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThis happened as the US Federal Reserve (Fed) is expected to keep their Fed Fund Rate unchanged next week when the Federal Open Market Committee (FOMC) reconvenes on Dec 12-13.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"On that note, the ringgit should remain stable today at around RM4.67-RM4.68 against the greenback,\" he told Bernama.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe ringgit was traded mostly lower against a basket of major currencies. It rose against the British pound to 5.8778/8828 from 5.8802/8858 at Thursday's close.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt fell against the Japanese yen to 3.2632/2662 from 3.2243/2276 and was weaker vis-a-vis the euro to 5.0374/0417 from 5.0359/0408 yesterday.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the ringgit traded mostly lower against other Asean currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt appreciated versus the Philippine peso at 8.42/8.45 from 8.45/8.46 but eased against the Thai baht to 13.2916/3086 from 13.2803/3014.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe local unit fell to 3.4912/4947 against the Singapore dollar from 3.4884/4920 and declined against the Indonesian rupiah to 300.6/301.1 from 301.0/301.5 previously. - Bernama\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e","addedon":"08 Dec 2023 18:03","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702001551_Qtrepreneur-News-2.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1702001551_Qtrepreneur-News-2.png","summary":""}],"totalComments":0},{"id":"335040","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"China's fast-fashion retailer Shein files for US IPO - sources","newsLocation":"China","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335040","newsFullStory":"China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eGoldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, and Shein could go public sometime in 2024, the sources said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe fast-fashion giant's moves to go public comes at a time when the market for initial public offerings is struggling to rebound after a string of lacklustre stock market debuts in the U.S.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIn recent months, there were four major IPOs, and three of them disappointed investors. Shares of German sandal-maker Birkenstock, grocery delivery app Instacart and chip designer Arm Holdings dropped below their IPO prices in the days th\u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eat followed their debuts, though Arm's shares are now trading above that price.\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"It doesn't strike me as the most opportune time for Shein to come public, but if they need capital the markets are open at least we've had a rally off the lows in the last few weeks and investor sentiment has been more positive than it was a few \u003cspan style=\"font-size: 14px; color: var(--snappy-theme-text-primary-on-light);\"\u003eweeks ago,\" said Jason Benowitz, senior portfolio manager at CI Roosevelt.\u003c/span\u003e\u003cspan style=\"color: var(--snappy-theme-text-primary-on-light); font-size: 14px;\"\u003e.\". When investors can review the financials, I would expect to see pretty strong growth historically... the key question will be if they can kind of maintain the pace or to continue to gain market share going forward,\" he said.\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein had started low-profile roadshows for the float in the U.S., said one of the sources, both declining to be identified due to confidentiality restraints.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe retailer's latest move also comes amid tightened scrutiny on the company from U.S. lawmakers.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIn August, Republican attorneys general from 16 U.S. states asked the Securities and Exchange Commission to audit China-founded fast-fashion retailer Shein's supply chain for the use of forced labor ahead of its potential IPO.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein, known for its US$10 tops and US$5 biker shorts, ships the majority of its products directly from China to shoppers by air in individually addressed packages.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe direct shipping strategy helped the firm avoid unsold inventory piling up in warehouses and avoid import tax in the United States, one of its biggest markets, as it allows the e-tailer to take advantage of the \"de minimis\" provision that exempts cheap products from tariffs.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe tax provision is now under growing congressional scrutiny, with critics saying it allows the companies to evade higher tariffs on Chinese goods.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eReuters in July reported that Shein, which had previously halted IPO plans almost twice, has been working with at least three investment banks about a potential IPO and was in talks with the New York Stock Exchange and the Nasdaq.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein, which is now based in Singapore, declined to comment. Goldman and JPMorgan declined to comment while Morgan Stanley did not immediately respond to a request for comment.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe company was valued at more than $60 billion in May and is expected to become the most valuable China-founded company to go public in the United States since ride-hailing giant Didi Global's debut in 2021 at US$68 billion valuation.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eFast fashion retailers have been gaining popularity in the United States, with Shein taking away market share from the likes Gap as shoppers look for fresher styles and trendier clothing.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIn August, Shein partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, in an attempt to expand their market reach and build on the growing demand for their products.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein along with Temu.com, however, have not been able to see shopper visits to their sites turn into sales and are far behind market leader Amazon.com, which has been able to convert visitors into buyers.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShein's confidential IPO was first reported by the Wall Street Journal earlier on Monday. - Reuters\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e","addedon":"28 Nov 2023 18:52","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1701147222_Qtrepreneur-News-1.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1701147222_Qtrepreneur-News-1.png","summary":""}],"totalComments":0},{"id":"335041","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Perak Corp, Advancecon up on deal to develop RM1 billion Silver Valley Technology Park in Perak","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/335041","newsFullStory":"Financially troubled Perak Corporation Bhd and Advancecon Holdings Bhd's share price were both opened higher on news that the two would work together to develop the RM1.03 billion Silver Valley Technology Park (SVTP) in Perak.\u003cbr /\u003e\r\u003cdiv\u003eAs at 9.32am, Perak Corp was up 1.72 per cent to 29.5 sen, while Advancecon was unchanged at 42 sen.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003ePerak Corp, which is currently classified as a Practice Note (PN) 17 company, is 51 per cent owned by Perbadanan Kemajuan Negeri Perak (PKNP), the Perak state agency in charge of economic development and socio-economic growth for the state.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eIn a filing with Bursa Malaysia Securities Malaysia Bhd yesterday, Perak Corp said it has appointed Advancecon unit Advancecon Development Sdn Bhd (ADSB) as the joint venture partner for the development of the main infrastructure for the (SVTP) industrial hub and sale of completed industrial lots with main infrastructure on thirty-nine pieces of leasehold lands measuring 798.24 acres all located in Hulu Kinta, Perak.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eThe proposed joint development is for a five-year period and subject to Perak Corp shareholders' approval and also Bursa Malaysia Securities' approval of its regularisation plan.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eIt is also subject to a written undertaking from PKNP, the registered and beneficial owner of the land and the holding corporation of Perak Corp.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\"As Perak Corp is classified as an affected listed issuer under PN 17, the proposed joint development provides an avenue for the company to raise funds to channel towards the group's business operations which will improve the group's overall cash flow position as well as strengthening its financial position as part of its regularisation effort.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eThe proposed joint development is part of the measure to raise the necessary cash required for the group's business regularisation plans, which are still in the midst of being finalised as at the date of this announcement,\" Perak Corp said in its fiing with Bursa Malaysia Securities.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003ePerak Corp plans to make the requisite announcement for its proposed regularisation plan in the fourth quarter of 2023 (4Q23).\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eThe company has until Feb 10, 2024 to submit its regularisation plan.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eAdditionally, Perak Corp said the company and Advancecon shall be entitled to a revenue share on a 35 per cent and 65 per cent basis of the net development value.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eADSB has obtained the financing facility for the proposed joint development\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e","addedon":"28 Nov 2023 18:02","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1701147927_Qtrepreneur-News-2.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1701147927_Qtrepreneur-News-2.png","summary":""}],"totalComments":0},{"id":"334892","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"EPF flexible account to be implemented in April 2024","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/334892","newsFullStory":"The Employees Provident Fund (EPF) flexible account is expected to be implemented in April next year.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eDeputy Finance Minister I Datuk Seri Ahmad Maslan said the government is combing through the details for the account and related agencies have provided their views on the matter.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"The EPF will announce its dividend in February and more details on the flexible account would also be announced. \"For now related organizations have given their views on the flexible account and the public could also write to the Finance Ministry and EPF on the matter. \"The third account will be implemented starting from April next year,\" he told reporters at the 40th Asean Social Security Association (ASSA) Seminar and Board Meeting.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eWhen asked about the public's concerns on their retirement fund being affected by the flexible account, the deputy minister said there would be several aspects within the account that would not affect contributor's savings.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"It was stated that there would be a certain percentage contributed towards the third account and it can only be withdrawn during emergencies. \"That is why the government is getting more details on the types of emergencies that would allow for withdrawals,\" he added.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eDuring the tabling of the 2024 Budget, Prime Minister Datuk Seri Anwar Ibrahim announced that the government would be introducing flexible EPF accounts for immediate EPF withdrawals.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eFollowing the announcement, the EPF stated that it will carry out a restructuring of the accounts of contributors to further empower and maximize their retirement savings for their old-age well being.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eEPF chief executive officer Datuk Seri Amir Hamzah Azizan previously said the restructuring of the accounts of contributors will help members balance short, medium, and long-term needs.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e","addedon":"20 Nov 2023 18:48","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1700450746_Qtrepreneur-News.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1700450746_Qtrepreneur-News.png","summary":""}],"totalComments":0},{"id":"334523","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Ringgit opens higher against US dollar as Fed keeps rates steady","newsLocation":"KUALA LUMPUR","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/334523","newsFullStory":"The ringgit opens higher against the US dollar today after the United States Federal Open Market Committee (FOMC) made a unanimous decision to keep the Fed Fund Rate steady at a range of 5.25 per cent to 5.50 per cent during its meeting last night.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAt 9.05am, the ringgit appreciated to 4.7520/7570 against the greenback from yesterday’s close of 4.7695/7735.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eBank Muamalat Malaysia Bhd's chief economist and head of social finance Mohd Afzanizam Abdul Rashid said the decision by the US Federal Reserve (Fed) aligned with market expectations.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“However, the Fed's evaluation of the economy is showing a more cautious stance. In the accompanying FOMC statement, it was explicitly stated that the tightening of financial and credit conditions is expected to impact economic activities.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“The term “financial” likely refers to the significant increase in long-term US treasury yields, which has reduced the need for the Fed to implement additional monetary tightening measures,” he told Bernama.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHe also said the current development could have a positive effect on the ringgit as it has been in an oversold condition for an extended period.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMeanwhile, the local currency was traded lower against a basket of major currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe ringgit depreciated against the Japanese yen to 3.1600/1635 from 3.1540/1569 at Wednesday’s close, lower against the euro to 5.0371/0424 from 5.0313/0356 and fell against the British pound to 5.7936/7997 from 5.7897/7946 previously.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe local note was traded mixed against other Asean currencies.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt appreciated against the Indonesian rupiah at 298.1/298.6 from 299.2/299.6 and rose against the Philippine peso at 8.37/8.39 from 8.39/8.41\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe ringgit depreciated against the Singapore dollar to 3.4800/4840 from 3.4786/4820 and was lower against the Thai baht to 13.1982/2176 from 13.1645/1803 at yesterday’s close. ― Bernama\u003c/div\u003e","addedon":"02 Nov 2023 18:10","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1698899936_Qtrepreneur-News-1.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1698899936_Qtrepreneur-News-1.png","summary":""}],"totalComments":0},{"id":"332158","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"5 Situations That Contribute To Overspending","newsLocation":"iMoney","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/332158","newsFullStory":"Saving money is an age-old problem that can often be attributed to ever-rising costs of living; but the problem of saving money is also one of a psychological nature in which our mind and way of thinking ultimately lead us to spend more than we really need to.\u003cbr /\u003e\r\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eHere are five situations in which you’re more likely to spend more than necessary:\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e\u003cbr\u003e\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003eWhen presented with an urgency to buy\u003cbr /\u003e\r\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eHave you ever bought two pairs of jeans because it was on a one-day-only buy-one-free-one promotion?\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eIt’s inevitable, nobody likes to miss out on a great deal on something they want which is why, when presented with an urgency to buy, they tend to rush into their wallets – never heads first.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eThis urgency to buy often manifests itself as offers with a time or quantity limit, but can also sometimes be disguised as an opportunity to try something that one would never usually – at least not at retail price, pay to experience.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: Put rationale and logic back in the front seat. It is rare for one source of consumer products or services to be able to claim exclusivity. If you miss out on a great deal, chances are you’ll be able to find it somewhere else or at a later time in the future.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e\u003cbr\u003e\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003eWhen maintaining more than one bank account \u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eResolved to start a home fund? There is the option of stashing your money under your pillow or in your socks drawer, but everybody knows that isn’t the wisest move.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eEnter the option of opening a new bank account, which incidentally is easy, lets you earn interest, and can be done over lunch with time to spare for dessert. With so many attractive offers to open a bank account, it’s hard to see the downside of doing so.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eBut according to researchers, having your income spread across a few places can result in false security. By thinking that you have money saved up in another bank account, it’s easier to justify a purchase, which in turn can lead to unnecessary spending.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: Constantly remind yourself of the purpose of opening the second account – which is to save, and keep track of your spending.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003eWhen buying something presumed to be embarrassing\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eUnlike Westerners, Asians have a tendency to shun the topic of sex, which makes buying things that imply one’s intentions of partaking in such an act to be embarrassing.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003eWhen one perceives a particular item (think condoms) to be embarrassing, they are more likely to employ diversion tactics by purchasing something (or a bunch of things) they don’t necessarily need, thus spending more than they actually have to.\u003c/div\u003e\u003cdiv\u003eA study in the Journal of Consumer Research found that almost 80% of people spend money on unnecessary extras as a way of diverting attention.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: The ideal solution is better awareness and education that can ultimately change the mindset of people perceiving certain topics (and by extension, any items that imply the subject) to be embarrassing and must be shunned. But, if it can’t be helped, supplement your “embarrassing” purchases with things that you will actually have a use for.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003e\u003cbr\u003e\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb style=\"\"\u003eWhen retail therapy is the cure for stress\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eWhat do you get when you put together a horrendous traffic jam, an inbox bursting with unread emails, and a grumpy boss who also has to experience both things? Stress.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eIt is not uncommon to hear the words “retail therapy” being uttered when under the influence of stress these days and with online shopping gaining traction, shopping has become as common and frequent as eating.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eShopping in this manner often leads to impulsive purchases and items that often become permanent residents of one’s closet or being the victim of a recycling run.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: To a working professional, stress is inevitable, but there are cheaper and healthier ways to manage stress. An article by Harvard Health Publications credits regular aerobic exercise with reduction in stress, anxiety, and depression.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003e\u003cbr\u003e\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb style=\"\"\u003eWhen you are not under pressure to get things done\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb style=\"\"\u003e\u003cbr\u003e\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003eThis is best illustrated in the context of shopping. When one recognises that time and tide waits for no one, shopping becomes a task that needs to be over and done with as quickly as possible thus cutting out any unplanned stops which can lead to overspending.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003ci\u003eThe solution: Fit your grocery shopping into a relatively busy day, such as a Saturday filled with other chores that need to be done, but allow yourself just enough time to complete everything without too much stress.\u003c/i\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e\u003cbr /\u003e\r\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e\u003cbr /\u003e\r\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e","addedon":"19 Jul 2023 01:50","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689740571_overspending.jpg","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689740571_overspending.jpg","summary":""}],"totalComments":0},{"id":"332166","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"GoRemit: Touch ‘n Go eWallet lets you send money to 10 countries, recipients get funds in less than 15 minutes","newsLocation":"Malaysia","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/332166","newsFullStory":"TNG Digital has officially launched GoRemit, Touch ‘n Go eWallet‘s new digital remittance feature that allows you to send money to 10 countries. GoRemit allows you to send money directly to a foreign bank account or eWallet, or have it arranged as a cash pick-up, depending on the country. \u003cb\u003eRecipients can receive the funds within 15 minutes depending on the method of collection.\u003c/b\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eTouch ‘n Go eWallet’s GoRemit currently supports 10 countries namely Bangladesh, India, Indonesia, Nepal, Pakistan, the Philippines, Singapore, Sri Lanka, Thailand and Vietnam.\u003cb\u003e For most countries, the default option is bank account transfer and it takes 24 hours for the recipient to receive the funds.\u003c/b\u003e In some countries such as Vietnam, the Philippines and Bangladesh, you do get a quicker eWallet or Cash Pick-up where the recipient can receive the funds within 15 minutes. For eWallet collection, it supports bKash in Bangladesh, as well as GCash and PayMaya in the Philippines.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAccording to TNG Digital, the launch of GoRemit is part of the company’s comprehensive financial inclusion agenda to promote accessible financial services to the masses. \u003cb\u003eIt aims to cater to underserved communities, foreign workers, international students and expats, to provide them with a safe and convenient solution to send money back to their home country or loved ones.\u003c/b\u003e All senders are required to complete their account verification via the electronic Know Your Customer (eKYC) process.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eWhile the foreign exchange rates are competitive, take note that there’s a transfer fee that ranges between RM8 to RM15 depending on the country and mode of payment. For example, a bank transfer to Indonesia, Nepal, Vietnam and Singapore costs RM10 while in Vietnam it costs RM15. Cash pick-up is available in selected countries and in Vietnam, it costs RM15 for the transfer fee.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eHowever, in countries like the Philippines, the transfer fee for eWallet is lower at RM10 versus Cash pick-up which has a transfer fee of RM15. In Bangladesh, the transfer fee is lower at RM8 for eWallet but a bank account transfer is slightly more expensive at RM10.\u003c/div\u003e","addedon":"18 Jul 2023 18:00","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689753821_Go-remit.png","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689753821_Go-remit.png","summary":""}],"totalComments":0},{"id":"332159","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Usage of Central Bank Digital Currency may rise if global geopolitical conflicts worsen, says Andrew Sheng","newsLocation":"The Edge","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/332159","newsFullStory":"KUALA LUMPUR (June 15): Global traders and investors may turn to Central Bank Digital Currency (CBDC) as an alternative tool to transact bilaterally should the ongoing geopolitical conflicts further escalate and further weigh on confidence towards the US dollar hegemony that has been in place since the Bretton Woods Agreement, according to prominent economist Tan Sri Andrew Sheng.\u003cdiv\u003e\u003cbr\u003e\u003cdiv\u003e\u003c/div\u003e\u003cdiv\u003e“\u003cb\u003eThe US economy is doing better in part because of ChatGPT and the tech industry. \u003c/b\u003eBut since roughly one-fifth to one-third of tech industry profit in the US depend on their China business, if the US-China trade gets worse, overall profit will be down and therefore the demand for US dollar will also be down,” he told the audience here at International Institutional Investor Series 2023 on Thursday (June 15).\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“The point is in the Ukraine war, which nobody knows who is winning or losing, and I am not making a prediction, if Ukraine wins and Russia loses, the dollar hegemony role will remain totally unchanged.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“But if Ukraine loses, and the prestige and credibility of the Nato (North Atlantic Treaty Organization) is reduced, then the multi-currencies payment system which has been talked about by Brazil, Saudi Arabia etc will accelerate,” he explained.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eUnder a multi-currency settlement system, Sheng said it would be easier for trading nations to adopt CBDC as its feature that allows relevant transactions to be net off each other would result in lower requirement of liquidity holdings.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\u003cb\u003e“People need to understand that one reason why the US dollar is so strong, or so [widely] used, is [due to] what I call the heritage infrastructure issue. Once you put in software and hardware to process international payments, it's quite expensive to change,” he said.\u003cbr /\u003e\r\u003c/b\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eSecondly, Sheng said the Society for Worldwide Interbank Financial Telecommunication system, more widely known as the SWIFT system, is dependent upon Real Time Gross Settlement (RTGS).\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“RTGS means that every payment you make is to be paid gross rather than net. So, if I buy X stock, and I sell X stock at the same time, at the end of the day, I can actually settle net. But RTGS would require me to pay the full amount that I buy and then settle the full amount I sell, which means that both sides have to carry much higher liquidity than necessary.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“When you have a CBDC system, in which you have to buy the dollar in order to settle into the rupiah or between the ringgit and the rupiah, and with CBDC, you just swap, and net off the payment to between Bank Indonesia and Bank Negara Malaysia,” he explained.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eNonetheless, Sheng acknowledged that currently, the US dollar position remained unchallenged, as the country continued to deliver higher return on equity, liquidity and lower risks relative to the euro, Japanese yen and China’s renminbi.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003c/div\u003e","addedon":"15 Jul 2023 20:47","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689742180_The-Edge.jpg","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689742180_The-Edge.jpg","summary":""}],"totalComments":0},{"id":"332170","newsCatId":"86079","catName":"Finance （EN）","newsHeading":"Govt to issue strategic investor pass to make Malaysia global investment destination","newsLocation":"Malaysia","pwaUrl":"https://www.qtrepreneurdao.net/news_1686892454278_58/86079/332170","newsFullStory":"\u003cb\u003ePUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim said today the government will actively issue the Strategic Investor Pass (SIP) for investors to enter Malaysia on a multiple-entry basis.\u003c/b\u003e\u003cdiv\u003e\u003cbr\u003e\u003cdiv\u003e\u003c/div\u003e\u003cdiv\u003eThrough this facilitation, he said, strategic investors identified by the Malaysian Investment Development Authority (Mida) will be able to stay in the country for a minimum of five years with a view to being extended for another five years.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"This initiative is to establish Malaysia as a leader in the Asian economy and a globally competitive investment destination,” said Anwar, who is also Finance Minister, at the Budget 2024 engagement session here today.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAnwar said the government has given Bank Negara Malaysia the full authority in deciding on the professionals' entry to Malaysia two months ago.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"Previously, after getting Bank Negara’s approval, they needed to go to the Home Affairs Ministry, causing further delay.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"But starting from two months ago, our decision is to give full autonomy to Bank Negara. Once Bank Negara decides and approves, (it is) automatically approved by all the relevant agencies,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eTo streamline Malaysia’s investment promotion agencies (IPAs), he said that by the end of the 2023, the Ministry of Investment, Trade and Industry (Miti) would take the lead in reducing duplication among the IPAs.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"At the same time, (it would) strengthen the focus on handholding both the domestic and foreign investors, with a focus on translating approved investments into realised domestic direct investments and foreign direct investments,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAnwar also said the government would expand the scope of the Digital Nomad Professional Visit Pass to cover manufacturing-related skills.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"Through this pass, eligible professionals such as electrical and electronics (E\u0026E) and integrated circuit (IC) designers can move to Malaysia and freelance up to two years,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eOn Tesla and SpaceX chief executive officer Elon Musk’s planned investments in Malaysia, Anwar said he has instructed Communications and Digital Minister Fahmi Fadzil and Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz to ensure that the three Malaysian companies involved with SpaceX be given the appropriate space and attention to meet Musk’s requirements.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"SpaceX is very interesting. When it was first launched, Malaysia was one of its early supporters (in 2009) while many other countries did not have the confidence (in the project), so he (Musk) mentioned to me how touched he was by our confidence.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"I said that while I personally could not take credit as it took place under the previous administration’s leadership, Malaysia is nonetheless proud of the decision, especially as three main companies in Malaysia are participating in the programme,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAnwar said Musk’s decision to work with the government reflects foreign investors’ confidence and that Malaysia has advantages that should be harnessed.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"Malaysia can regain ground if we can attract investors. Therefore, I feel that despite the problems we have inherited such as the debt and deficit, as well as the challenging economic scenario, there are also new signs of hope that we should harness,” he said.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAnwar today held a virtual meeting with Musk on investments involving electric car maker Tesla and SpaceX’s satellite Internet service.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe Prime Minister also said that the government is committed to driving economic growth and institutional reforms in an effort to make Malaysia a major investment destination.\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e\"We will announce a policy to strengthen the MADANI economy at the end of this month or in early August. The important thing is that Malaysia becomes an Asian economic leader and is an investment destination at the global level,” he said. - Bernama\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\r\u003c/div\u003e\u003c/div\u003e","addedon":"15 Jul 2023 01:12","accessStatus":"public","newsMedia":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689758317_OIF.jpg","summary":""}],"mediaGallary":[{"type":"image","imageUrl":"https://d2wuvg8krwnvon.cloudfront.net/media/user_space/d416bca4d3c8/news/listImage_1689758317_OIF.jpg","summary":""}],"totalComments":0}]},"match":{"hostname":"www.qtrepreneurdao.net","page":"news_1686892454278_58","category":"86079"}}},"page":"/[...slug]","query":{"slug":["news_1686892454278_58/86079"]},"buildId":"1234567890","isFallback":false,"dynamicIds":[8970],"customServer":true,"gip":true,"scriptLoader":[]}