20 xewsmreax DNeX close to ig cable laying, maintenance and repair job in Indonesia : 60 tO 62 covrn svony» ye Building A STRONG A [Riga 28 t0 32 covrn S708 TECH MANE amid global chip shortage BUSINESS & INVESTMENT WEEKLY [EDGE MALAY SHIA SBEPSOM FLEXI-BOARDING & EDUCATIONAL EXCELLENCE IN COVID TIMES. MONDAY TO FRIDAY: YOUR CHILD - OUR UNDIVIDED ATTENTION SATURDAY AND SUNDAY: YOUR CHILD - ALL YOURS ! Turn the page to learn more >J2_) oes wns 209 {An International Boarding Schoo! Dear Families of Malaysia, KEEPING OUR CHILDREN ON COURSE IN THESE TURBULENT TIMES [As we approach the first year anniversary of the Covid-19 pandemic, we can all appreciate how hard ie has ic usin Malaysia. For parents it has been especialy challenging to manage the stress and strains of dilly ie, of balancing work commitments - often working from home - and family ile i adstion to now having to supervise the anne learning of their children at home “The lines berween work your eld’ study He and fly fe have become blured leading to cone. anxiety and burnout Online learning has proved invaluable In enabling our children to continue to sceess an edveation, to malneain eaneace with their teachers and classmates and to structure their day. In this there is no doubt (One year into the pandemic, as Maya begins 2021, we need to look forward and not back. As parens we want to spend quality time with our children. We want to recki fay time and peace of mind. co pu fill stop atthe end of ‘our working week and recacover the hesdepace to laugh with our fae, to relly appreciats them and recapture amily ‘ime that we once took for granted ‘With this, and the financially draining effects of the pandemic in mind, our Board of Governors ‘and | would like to present our new flexible Weekday Boarding Programme (full boarding. provision up to five days from Monday to Friday) for immediate enrolment. We are offering 100 places at Epsom International Boarding School exclusively to children of Malaysian citizens between the year groups of Year 7 and Year 13, for a fee of only RM99,000.00 per year, representing a 35% reduction. This means your child enjoys boarding life at almost no Incremental cost! No enrolment fees will be required and these 100 children will have their annual fees fixed at this rate for the entire duration of their educational years at Epsom. Epsom i locaed 15 minutes from Kuala Lumpur Incernational Airpare within a beautiful sel-contaned, SO-acre site with stringent safety polices in place. Vi our first clas fais, we fra vast array of extracurricular aetves including & range of spores music and drama in addition to super curricular ones suchas debating, academic societies, independent research projects, lectures and symposia. This lads to exceptional achievements with many of our pupils going on to study a prestigious universes global such as Cambridge, Imperial SE, UCL Sanford (USA) andthe University of Tokyo. “The delays and deferment of exams such as SPM and IGCSE have equally weighed heavy on Malaysian parents Responding to this, we have launched a FastTrack A-level Programme with an intke on the 19th Apri, 2021, This programme will allow Malgysin students to maintain constructive academic momentum towards their pathway to universiog Compliane with Summer 2022 Aevel ras, chis programme is available for only RM99,000 including boarding. We are ambitious for our pupils value the power of education and agree tat iis indeedthe greatest tool that we have Ce change the world - as evidenced by the increible achievements ofthe scientific community who have created vaccines ‘hat wal hopefully very soon, put an end go the current health eit Equally we valve the uniqueness of every child = at Epsom International Boarding School, we tke a holistic approach providing the highest standards of pastoral are ‘throughout these important formative years. Our academic, pastoral and enrichment programmes seek to develop confident reslient.ambitous fur professionals and eizens ready to take up their place and make a postive diference to their communities - wherever that may be nthe world Boarding allows pupils to ive and learn together within our clots knit, supportive Eom fail. We can take the strain of parents and deliver excellent standards of education and care during the week so that atthe weekend, families can enjoy that qual time. Wahe contents of chi eter speak to you then pease get in touch Please contact ut at acmisions @epeomcollege-edu. my, call us on +606 2404 188, or WhatsApp us on +6016 9261 652 1nd my team and | wil be happy to consul with you on how we can welcome your child into the Epsom community sin SoNATION 10 10 16 2 i DP forcast likely lowered ends beyond five weeks 12 Growing pressure | 'The low-down | Our Plaza Batai le on insurers to cover | on the investment to be torn Covid-19 treatment | problems at thesis for down for SMe struggles continu th flow dries up 14 | at private hospitals | Asia Media ‘Okta and Geely | redevelopment : d BUSINESS & INVESTMENT WEEKLY Ee Ee MALAYSIA EXIT BUILDING A STRONG CASH BUFFER IN A PANDEMIC P6010 62 Penn DNexX close Bed tlrd fe) Ee maintenance PVC Tat tte Cele athreat Po) erg , | eee Alla Th Uae Teele Clearer ee Re Fad ci ES Sees Caec ea ee ete eee DIMI 43 Ss Epce (> MARRS =>ao) EE OrL ce} LAI THE HOURGLASSMaat GAMES BEGIN? ATF Lay) Rae a eae Tee errr a Sp |CORPORATE 1, parents "Bidenomics, December ‘exportsin focus Ee 10 Growing pressure on insurers to cover Covid-19 treatment at private hospitals 10 Thelow-down on the problems at Asia Media 12 THE STATE OF THE MATION Official 2021 GOP forecast likely lowered if MCO 2.0 extended beyond five weeks 13 New approaches needed to tackle ‘unemployment in 2021 14 THE STATE OFTHE NATION ‘SME struggles continue ‘as cash flow dries up 16 Ourinvestment thesis for Okta and Geely 18 diesen Sa 19 What does Eddie Ong, ‘seein SWS Capital? 20 NEWSBREAK DNeX close to bagging cable laying. maintenance and ‘epairjobin Indonesia 20 JCY International's setback not reflective of entire HDD market 21 Date of booking fees deemed as start of late delivery charges will force developers to review their sales plan 22 Local manufacturers enjoy low ‘gasprices, but not forlong | 22 Plaza Bataltobe torn down for redevelopment 23 ‘Suppressed valuations now unfavourable for glove listings. 24 Fixing CAAM's broken wings 25 MCO2.0spelishheadwinds for NFOs 26 ‘Smoke-free future ess than a ‘generation away, says incoming Philip Morris CEO 26 Google threatens to remove Search as Australian row deepens 27 Are credit card disruptors atthreat to banks? 52 SINGAPORE John Soh turned from Adeline ‘Cheng's saviour to lover and ‘made her ‘catch afaling knife’ 53 smoavont Investment interestintech ‘manufacturers surging 54 China imports doctored ollto skirt US sanctions on Venezuela 55 wort (China cracks down on fake divorces that let people buy more properties 56 SPECLALREPORT PKFZ —no conviction after eight ‘years and six criminal cases 59 woRLD Giant Swedish wind park targets turbines as tall as Eiffel Tower 59 ‘Analysts AirAsia’ private placement plan critical to keeping it afloatRICHARD MILLEEmbracing at) Li lefe} CAPITAL 28 LEAD STORY Tech maniaamid global chip shortage 34 Dealing with unlicensed investment advisory activities FORUM 44 MY SAY Technological progress could power upside surprises to global growth 45 2021is ke a fork in the road 46 ‘THE ASA PORTFOUD ‘The internet versus democracy 46 wvsny Is Malaysia's alling retallindustry ‘open to new partnerships andinnovation? READ OUR LATEST E-PUBFORFREE fe 8 QUICK TAK 64 IN PICTURES 65 PORTFOLIO 36 lrresistie? Pension funds plot move ‘on China's USS16trilbond market 43 correx mea. Sorry seems to be the hardest word 47 GROWING CHAMPIONS Emerging stronger in leadership andresilence 47 ‘Accountability during Covid-19 times 48 (CLIMATE AND ENVIRONMENTAL ‘GOVERNANCE ‘Sustainability — a growth driver for your organisation 48 ‘TheBRICs at 20 49 wr sar ‘Where to next for Malaysia's ‘social cohesion model? The script needs tobe changed, not just the actors 50 BUSINESS OF SPORTS ‘Saudi-Qatar deal is major boost for 2022 World Cup ‘To subscribe, go to subscribe.theedgesingapore.com BAe THHEDGEeames convorare | __7 When existing Ablow to the exchange shareholders lose out L ast week in th indigo eter Bring home 65" Samsung 4K TV from RM1/month with Maxis Fibre Enjoy a larger than fe Chinase Neve Voarcbebation witha Samsung AK Crystal UHD TV. Cnty nih toes Fro Exper cree UNeOTUpted, Upe2ed erterainmen for he wl My, ‘nt Unimited data for nome anc mabe, when you acd on Manis Postpad. Vist avmemanscom mye to ad ot noxe What's up with probe against four at TH?8 _| conrorare cece QUICK TAKES «2 Based on our RO projection, we expect the country, to record 5,000 new cases a day by the third week of February. 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Nonesuch te ange Peocorvorare | 13 THE STATE OF THE NATION weexey wroare New approaches needed to tackle unemployment in 2021 Security Oran es) ‘Wage sbsidy Programme (Ws) 3.0 a8 prt ofthe Per been a much needed bos or employes, the reaty hae companies are ging fo ‘eed sustainable measures to ep thet zona have pected» high ate tsnemplyment thr raat oping the petnaen wl ene appesthot ‘Stace the roe esedingto apart the Deptt Staite Malay the national une oyment ate ed up to sn Never, {pls tom dhe previous month when the (@atco commenced on Ost “Te numberof unemployed personsrost yas ota ringing ett t764400 ‘om runanoin Ober “Thecattingdetriraton thee opment ate sages the ob macht il Retnderdowmean presse as long athe ‘arent chown flaca mob emsdonresand dawning areexpete” Stray Univers economics test De Yeah Kim Lengel TB. “obvacanctes tached the Ministry of 1.00 December asa pm 2000 ‘nthe previour month Hwee mow ofthe penines were fr baer ch at ‘Scr onsractian sn fm ek alee ‘Suntan and secant Meanie 3b. ‘aca ume rernchments ocr {bbe profssenal manager andtech hnostertie king een pa Strom sca indeypesof be ‘Doetackower erm tonsrmalynthe fa betes and restaurants and ours ted semen the pb esc nts teas expected trem Yah rma Head tht the turn poste os domestic pdt erm expected he Second quarter wil ily be mated by Centinuing moderatelyhigh enemply ‘meat hovering above thats unevesly ‘Sctrtnd arose and inden "The sce EonemicReseeh Conte's (sen pretence unemployment rte snanalacqnby im atesmcenings Toenye dae ec eget that oar at ces den gh templet teen Torene re be ‘edema ec mma. ran noes ot Tests dice ‘cies sce tate inayat Gntenomen Employed person by status in employment (October and November 2020) ('000) vase OT) Om) as oS oo f | ‘ | cmeuroe enema 1 Goooe — Oomsconatueinr — Unedantyeona Crome "Pry saps the tapering tet of severnmenial intervention ~ such a the [revo of wage ubes— wilt Empleo aw ion mann lncteane their wrens Tourthly, the Cvida pandemic wil oman and tchnalogy- As dgalaion ck up pce ina no touch emironment nd technology i harnessed Yo mamise lvoures and producti, employment ‘ppetuitis rl be ree "is ineviable hs yl wilbe thee ‘eonmentinapest Comes wotdehen, itimacly certain industries wil expe (hove pertsnen at of be dapoe ‘mente functions tn addition, the po {Saped peri of ging the coroners, oped witha new infu ob seehee ‘Such at esh graduates, wil burden the ‘xsi pool af te alent under une pelt tong ‘Under unemployment isan underat sadn of ss ra edt mismatch, some allt desea the employment ‘toner high sil ete a os se ‘nary efecaan in retired lowarage obs-tn an annual sty by the hcurFere Survey therewere 1 muon ‘derrpleyed rats dang sO ga! ‘Sean ob in increasing aa om Unemployed category and duration of employment (October and November 2020) Denton of wamployent Whats ebpultebusiesses and ‘Athough the ongoing Movement contol ‘rier het arb ae over ha he St fl lctdown imposedin arch 00, Insti fer Denocray and trenomic A fae (IDEAS reveteh ect aurence ‘Teddis concerned that Ue unemployment Inpact lg be anderetimated oro the omer number of people loking fr work. {many young people awe ot portant ‘decaan and ting opportunities, fecting thei employ [Ao of concern the fact hat the later fre may have permanent bf ‘li vou of be that an be conte Femotely this may result in persistent Tack the sill or mena to wrk emate Iso wt dhe ahor tera impact may ot be ae sevete ein feed here reed he adds “Tobeipsustalabusineses this yea Sun- way ea eas the goverment oul in (Seas the four onbecinsrtrunsermation technol upereding and ievations teincrease protuctinyand produc high ‘aiue rads ad sve scheme fc uch purposes wld beat ing ris io -opportunity morn for ‘Sine geenment and indus eae Fema mtnal soategy perspective, ee. ‘sing the star astern ad Aiptaleton of berinesses would enable ‘tonal compthiveand rent fore ‘conomic tock Besa "noes nur bene mshi parading and ig remuneration hate Iastied by rising product and beter Soctmlineprtermaneebyesecrmpanies "ab points ou another ate in ned further suppor isthe acetone peneurhip and buns taupe dete Teckel tenis ‘wokforce entrants interested in bing TBairewn brine. eres pu schemes, the povernment could calla fate wath the pate scart set up more Ssine incuetos and oppor aces, ‘nclting serch and devespen com ‘etlaltion ventures wit pubic and vate universe? be expla ‘yup neler bss eat are medial eulpmentetcine saoter ‘spe may eto kas ‘being und series ndustien com ‘eee and digi uchlogy end sere. “heros the various conn ets, ripoyient demand ine wr the a "Whe some busineres have ben be toaloptathers ave faced challenges that Ferre ples many have aes Torta mathe itch onan spar ey pt, ‘anseraton ofbasines model osty Prottale when operating solely throught “Investing in lets who can navigate liga marketing bas become 2 ew fe {teenth wer14_| conronare THE STAI E OF THE NATION a weexcy vroare SME struggles continue as cash flow dries up ch fw dying up or ‘any onallandmeds ‘ocerprses (SMEs that xpecatonsaterthe ds spar that war aan bt oc ‘own measures implement ‘haphasod manncr are ding to unceraates, businesses st, ‘wheneeht need ar lear and Consient guidelines. censumer spending was pking Spammer ection ened ‘whiechemal wee alt peo Peowtand aout Businees re ‘ar Newent ~ an anna ae [Bivhisheals sana consumers Teoen thelr purse stings fr the ‘Mot crcl wer reports that she rollos of Conds ctines eas ast aound he cone fe Teg apiniem flight the end tftbe tunel But with daly infections tegatrapldy dante nee Year the vena! aaneunced Uelmplmentation afte cond DMogernco 0 secede the whol ef May ecep fr Se mighcag tha afer st ‘yrs lockdown all and Un enterprise should be mote Prepared thirtie around to fce [McO 20, especialy ave sen Ul sectorsareallowed operas td even arangs ‘wore now than during te ret ‘apa mare apparent in ers ‘en rdend sh ‘Coburn Soya hae tls and ‘owner eco ar staan Da ‘ansara Uptown, say bins Conditions are were than the “behest aca weer tclomorSon uingthe CO pesiod. Hewat, many hare nse mysloul saber he luckdown appenadontaterthe ‘Sd pate uualy pak pe ‘ode or salons “add ahi lsry, he had stocked praises amonhage ‘whowstaly ea belie hai ‘alg baste etre cease, “ere sts big question of nck now f te ico condone. {aa sl hem online beet {hese woes ae nto be rsd St de hk he co ater Bcowilbeig vine tats Ch ‘we New Yea rnd he ie "ash dow wise Sy concedes the may be Deter of than most ‘whew alone have ane e stout haifa yar andi pose tla there anon con that Feanconl "Me hopes hal salons will be slowed reopen, ath campy ‘wahaiteandat operating po ‘dures sors -Resbere ey {op busines open {mone ric 308 tha have po ledong i secre witht oy Sons hich il reli higher cath flow has always been chinese chamber oemece fd dusty of malaysia (ce ews in taong eves ay Shutahaw eter dplted thet cahowty now erareeing ito “hy Sse ated owe opleca gocutSanben poe ‘era heen cash we Believe alt of Stes wil choose {Op ar temporary conse eo, ‘meaning beingin dora stats, foatapbletingcash hess ae sorte simple eon at, (Ghia siesta ch es serrate ce bitdiflerent They started the year Sealy ts ott batoes Setar oes fereath ower surials SME Asoc of Malays pret tak icaelang com Eur stresang the needs suke ‘bales beeen besih adhe “hn entrepreneur who jut ranted tobe known a0 David hoo hoes several cal, ah lau ventures sys this cos efit concen satay “epee ada tea’ cepa Sillnclekeeallgene Sreistanent ain asy fallen Tine cerns sac ‘neopets the’ Waaeieses soenet inane ‘ales by the government to curb Seema an “tin lates Picea nye tena Tier hen ‘Meme ern wt SSocereren erie Satine “ronnie ‘Stinnett end Sonatas coe ‘Sans tng set pers Seater stockist nod sree ong ap whe al st nen tecTalnner Rede Snr premise ‘etc eon ma testes waa yowed resales beets hee the estectn sf movement chat Me says the extension of he wage Subsidy Programme i ‘ood mesure bts benchnae toquaity. ea reget moe practical he gorrnment nade sme ind ofmenare to age andlords ‘othe whats done tong ngipecialiy lr tbe co ates ‘aecrrnt ea ebate fo SME [Bhcefetive hess sugnomt dan Rabyat Malaga (rermad asiance package saw Such asoneff grant etesion tthe wage slid propre Indlecey dscome {he co has caused hag sow ven inact “Any frm of financial ass {ev cmpenate forte pact fedacethelmpact Tae eaty thatthe government's tight post morereesrce fff Fe waht of everyone” re he repreisation and op Drach acving othe depres alneraility and magaide of Impact” ‘While sme find the Perma package ulerbelnng Uo a Etneconomst uli says in asistance package that ones one natives and the programmes “Tedoes ot Saal froh funds bt i fnded ‘rough relocations and eal ‘atone fom the Badge Thos, ‘rpecations aries aul sae Strut plan need oe dalled Nevertheless, ee say if CO ao were to beeatendel beyond ‘ne month r mare the gre Some ofthe existing initiatives, {specly 0 tage povpe td tore each the sel pled thdrmire entrepreneurs the chances te that we wll pending on the duration of the Scovedtionl aco syste Thecatrbeeea rand are ong acing impact flyin daerne ds aed boftlancing Ask ink wh sporting the conomysecasiont Funding for modest upgrades would be helpful Sime ine yt storia fotohighertechnalogy projects ‘when many small and med (aterprse ave conceatate Tewetecnlagy rector. Funding that can support more modest upefaes and in ‘using on the most advanced (chdlaen wold pes loaeor While the rt crests oper oe hat he eb pets ‘bans for oat come STenican aps inthe scl po “to dat,the government as rolled out wt ander the va ‘sur econoni imal pac ‘ethne imes-The et ae ‘ounce et arch flowed by ‘three month exenson nue, Susy i Samus. er the current WP. {gl employers are enced toa ‘onrunge abayaatan cach employee ering es than ‘bey emplopes fo ‘chemoyer his ben areal {0ee employees, amounting to Bion eich evtinatedtoben ‘22 00 busneursermloying ‘Bove than2emalion woke ‘corn eatin news ‘naaneenerTengha ar Se ‘ate Abl aster 2 mi [tm employees were expect to owe beefed he est \Worsamowang oma Sbon, “The Wage subriy inher smoudbe beter node moe metothove who ell ed ‘aye DEAS Todd uowever, the government Sst impement such ten the other ator to cori (rls Row guy ev obs a Sosinese wl be crated re Place thee tat ae lost ere, fhe proity isin ensuring that Innovative as possible There ate Steps that the goverment can {ake now in teforaing regula ture that can balptoprometejeb “he wage subi scheme 8 econo many bt ‘tbesuet rio ugeine tthe margin, pecially hen ‘hak bunts fence op be lewtheoperaingr arabes, “tiven the ssae ake-upot thewage bedi the previous ‘nuh packgeate extension ‘tthe scheme foal ingots, ‘maxima 500 empones at east forestall any spike inTECHNOLOGY BREEDS ; TENACITY, EVENAMID_* LOCKDOWNS °._ “The onset of the accelerated digit adoption Sco gave duttct advantage Io nudging businesses in ‘the right direction.” SMe assist — Chartered SQ16 _| conronare peers estes TONG’S PORTFOLIO Our investment thesis for Okta and Geely ey asi anacrrica Malaysian Portfolio tacks sowatitfa palatal, eowory memaeegy cnrermsneg cmmoerycs cameras oie) cannons Merchalingup ong inst Startfthe new ya Tass peraps ‘suping acrtns hae _igaticayonthebackof beter ‘Posy ara We ure fa aout ‘tpt god news hs bon pied ‘Sokattistherfore aly we may some ‘ela fand when ay ato mee he {Shy expectation and wih he tat fhe Srrcleatarangon dele ‘Serna doch Scene suc y he pn yb {Str strand cope ce eat semaevor angina “Eicigatenen acerca gute moi one eu acing mae ee ‘ten wer pendngccead Sitcnaihweniow tatters ‘cue apie aan? pcmcia ota ge Eeerinume eronitmcyeeece Sibepecebe sag pect “ks pie Sra ra eg catbtomayan nd ueden ee ‘ind sc managment th ‘slope orn tre hfe Spt etbeconto ry Siapmepaiembapepienscst Msowerenet Renner 592. sau 2 rr Dyercducremenaencnngman Saruuiteceieemrmrapmentmence rage 0 Mid ad teeny wh foam for grwth Oka foc ite enon Cianeregyanderionarealcatand aii EVE eit pw oe cra ‘wilexpandascompoundannual growth gavenanceimedingbancthersear end tal asin fev bya a Ine ftom hugh a ‘Batwa pay ouroethe see fee, China ts samba amen hears ‘buanes hava demented ick: These ehede CV) epace in parce, wctedad Ines, waheusemersbuying tinal ser has aed ignicant omentum inter Thee tong government hacking nd irgnhubentenanghighfonthebact vce inmealotenmiating hem Casein memories ARG chs iiangthe supp hepconan pha feng kes ee da fois oraliizmoathedaartael xt weintemsclEypucipaandades inthe coutysnclig obs pt ‘Coulaloiniesilinthenscentiage. Renin ateharbeen seaging uot ant" chimasimetomurpreshowe fers» tacontmer Wes eel Ate ‘Teecompany} etal addsse murat btheyasioquitenForinanceeconpany sonstorechcarbonnesvaityako Akey —Wolinyslda one heblgesbeneicaes IRogeectinatdarUssstaon cuetyT | emushetgitsnew cata enyeca- part itsmaser pan the tansten rm fthstrcader utogreene wholcorvorare | 17 TONG’S PORTFOLIO Okta’s business model is scalable, with rising gross, margins'as sales expand ¢ strom rconring ate pst panei “epee new ode hs aan ‘og ong plans olor n shana. ‘cen sora sty sees cn mate ponong tah ar ‘ppl cin “Oe of bigs sustons was Swed temo al bude asin he does ‘ar thesuengthefte Vb tana mae Slows Gait sore eflatly pth re iim, upmarket segment which lo has ‘det muri We hs ambos targets {oben ela rand yao; all ee ‘nods srtngans tebe, "te pending al rege ft om pane il educe Ra expenses hugh ‘cholo plsorm turn potacon nd ‘atenas prs procurement casts asl Sheer rach ners acing od nthe ‘Boal capa mate a whch ey 2 staining longer er poitabiiey amid ‘Sremang campeon the extn ‘tonomvahics mare Tate ocy Sh cdg paet band yak & Co Sa Boer cr deg y Veto ad ‘manaacrrd cane "Te commpacy has puter ith adi SactaypedeontemprtyAmoes ‘bgy Cutz praca ewlp tie Vereen the eure efor peseason ‘Baris pen tha tery con a up {gua opto fan 1 tl eat Sellacece a abe upp ohare tetra ceo Move recent Gea announced a i-up with nid tne fat facwses on ieeligant Tnlancorpeiie landscape with he Bos tite ary Teac and NOL als Sutnomous driving platform, Apel, wil ‘eatin ih Gre sapenence near doen ul mnatactarngtodewlop mat ‘to earn upwh een Hang ido Treligent soci sotonemous dive and cation deen” athe test deviant the company seer toaster Tuan tad Racoon fednobgyecuupamed atte tattooing and OEM podction Srvcestothe gl st indy tse ot heiation connect nator Sevngtachnooge “ass management fects ety aes at cyar ponents vene {his pearto1 5 atbonehics oppre by ‘Be emanipesuc aware teand eng term catastsuchsstrtec Stop wih major payersalng the ae ‘hat The company sn ea Bac esion with et enh ace ‘relic we added tthe etl Pn “he cal orl aed beter han he ‘echearnde nthe wok ended 002, ‘ining 2 anding leurs ‘Spent ncom nach ‘pasate oer te sre peri. “Foes pes week aa Mandan mice CoO, ‘bps eh) and nudes Fears ne (ste) onthestherhand he Rank ote ea cxp (2.98). The Wal Dey 2.4, ‘SngapeeAitinestd( aa) and Aste ac (is) ere th oar kes por, “Teka foe ep Lan dete wearin boner the ‘etmataicl msdn fete atone ‘Flckom ublay Bd were the ports ‘eprint these ea eu nwa 9s ne ception Tas prt etperarming Seichmack roan ws down a er thesame peria by alongong way Preserving the Retirement Dream ‘A.one-stop financial solutions platform, we provide access to over 400 unit trusts and ‘evate retirement scheme ("PRS") funds, private mandates, insurance & takaful, legacy & ostato planning, alternative invostmonts and treasury solutions to ‘ensure that your golden years are well protected, Dincsimen Thana pesoomal ‘orto for information perpoes (aly and doe nt constitute 2 ‘ecommendation or calicaton oF ‘aptestionof views to lnfluence ‘ender to buy/sell techs Out ‘harsholders dvectore and ‘mployees may have pootons iner imay be materially interested in any of {he tcks. we may alo have or have Ina dealings with or may provide Ive provided coment services tothe ‘companies mentioned inthe reports egress br erm sesame ates ‘mcarorgts rox tromsneMes ana Tange cf tua xn Pecan ts wi pa "aetna are ahes aes cee me cee o ears eae oee granny dace gven pecans ntact ee yaa stn undone ‘Gases sone ren ost es wermarepner ree fe you es eae Gator snteepemnianny nanmnmewrgnm KONANA pashaMalaysia's M&A aay falls for third straight year, mixed views on outloo! Top deals in Malaysia for 2020 M&A activity in Malaysia D THE STORY20 _| conronare NEWSBREAK DNeX close to bagging ig Cable laying, maintenance an ‘Slaps cate say the contract could beworth Shiate milion te asd malion ter the tee yeas ads being Srared by am indonesian go ‘ment ted company (Le. ‘Nek tc dete to com sme when ented bees Se rg no conerirg aa "Phin contac shoud come 8 po surpisehoweve DMX at Renarielyprvuing bein the epublicovet he past few yas "Te oman has secured con ‘nce tom Pra oar estar dougomanucin nt ‘Staal flee etch stot ok fer natann to Sstres Pern spr the ind ‘atcha Gateway alee sor epi woes of nde ‘tal Gy Seer Pa, karan ert ot Mane ‘Indonesia. ame ae ‘Stencsyerconuarnaet Intermsettae how tas sepenberstndonesan tron Teodor inal { pelimiory agrerent with FF Intamrairtobiraeiant ind ‘Sous elem) eres deplete ‘paint "ihepareenbipweh omen ftayashingedn ewe of DOCS set c3 DN rc inka the {Bain seas The BNE Pane {ink e« Dynamic Positioning 2 ‘ie tayeereaing the chip ‘anopenteinrughses. “bri wel owned not Prem Indes pubbelyended cue inven he ernment has uty nteresto ‘Bore than sr TeX har two sins unite: teaetsctatonand neyo, snd tn nisi etree sn eich Ppoverecror tata evacuate Betindonwhihexpedie de fnicoconewiedemects Somat cnaernanerg ses "ts eoerpy busines inches 20% skein Pig Pela td Sedpeedecss compe ie Poitng ses nde nua Sian atin Akvelpment age ass — the ‘tale pope Seo cs {Seindincatheower Moy threat cena Nort Torleninemonehs ended. exer tno anton), DRE ‘stredanetor eat ain ‘romaine monroe Inteprerou conning feos of 7 lon, fom Sha milion a unene usar ws any stlbyacoratann che repair job inIndonesia mel RE mia, ‘Onis ryan prospects.DNOX sayy The pal woman ne Inga sldewn, weakened bs Ingeradbrirr and eontuing ‘s-chinatadetensone After ‘Sallenge ithe uncertain posed bythe vid 9 ander ich sd mt neon deep clpesanices togeepman: Mpteameatofou poets ‘resin. pcal teen pomeandarecxpectedocany Isnt planeta terrane stake In Ping Petoleum by squiing Adaonal eos the cmpany ‘Sncethe seus cenctaded, ‘ave wl ve conta of 0% of Ping rele, “hes ely nee, which ost Uso ion AS a fon) il be aged in cab ‘nd share del the ah porn ‘lease eto ll et ‘len arm aust > 1 derma peat (Sindee neem pre Guehecininepeed Tortfinancil arene ne 2ont Ping Plea called up ser axprttof aoSeallen, fom antocaenaiion ales ‘tend June the company hada. ‘etromouning oR bien, ‘haeheler funds of ADU lens ci aioe. ‘Othethan increasing stake sn Ping Petleum, DNex aso (athe agustio fea Me lap in hd emote sshcatng company tom ag ‘tah aso a. JCY International's setback not reflective of entire HDD market cent news shove hand disk dive (oo) maker 2 email Bh Losing armarcaomeshas pine fang oe thee ‘eats om the alert There acon lena tats sing back on Say sting bie heel The te weve for baseplate hata praence—the roth oe inane wah the ui shipment ich hasbeen ing by MDD producers as they emu en Consume hss enery fartthe markt Apa fem eer based JC het th rite MDD players ae Duly Techcogy Copnisdand Raven vse ahs ‘Seuaon nthe entice ‘was povided by Jct ts Basa Malesia Hing ona u ores caster eal Pallot and the company dd not espond {eth eips equets for comment “Taeewon sey. suchas fling qa sty reqatements sty the castomers 2 ‘wchnologyanaljt elle the ge. str expert ate ofthe view that ss eannounctiene does no rfc he Risworth noting hat therearevasios for enters” mechanical components in HDD ih SCY ‘ail veld in prodcing be plates be thinks hat (while buf andNeten anutarae i {pace thecorpoentate en sop ‘hee HD sats narey seagate stern DictlandTonba ccbel io shipmnents JEV's product oterngs iter from “Atmaret observe says the advantage en foyed by Dut and Noto hae demand {ori spacers increases in ander with Sorgecapacry That sw we se eat the sexttwoyearsar eam opecalieterpae Iipo echonogy beexaas. ‘ing the wane cf endbustan rec nology stocks, the share pice of Duta has [Enterprise MOD te support growth Seatonanupzend tung all tne Servers fa oud computingn post an. theconsumer sid, eg replaced asta (D5), ‘ehh are es peer more duabe and top every ear Toye dota abat the ‘nif spent, but scaled based nthe atnount ef staage, hich hasbeen rowing Sow per et since 10 Yeats gs “The starage growth rid beeen agher In he nex fe Years civen bythe werk ftom ome srangemets beens of the pandemic Technological advancements has 6 willal pur the expansion in the Ho eogmene: te expcted that data fxpanlon wll greed i the eat ee fetta says mart sere ic dds tha the exponential row in aa has polnged tee span of HDDS. “As ach HDD component manufactur aieteesing on bigherend HDDscsteing allan thi yat ‘Dafne profit ese 2.4% to OK Whilssbssresenasathretfrttb0y, amilen forte rt nine onthe o2029 rene ed SSOseqmenttocatchuponthebackolthe same period ge inestnens cos involed "Despite the SS price coming down in the past wo ya te costa ownership ferahigherveion oD seo timet heaper than hat SD near muna that the ss technelog eas does the ‘vera th make carter orn feceee ‘Strarurlchangetothelibo segment st lend fam the eterpie sects stil owingalbeitwithshrinkingenderstiom this month Sha anaat agrees, saying that ener ise bs such as Googe wil ot chose fnwhichacy fo change to SSDs ei because ofthe stetitencycomseraton ita at st ‘Sout he erage ue bu they ane tae Frcuselawend bs fvoaccoue oer actor sachas desis ‘wage and backup pete. think ‘hep gap beween tor ands wl ‘echoed anytine son” ‘Tasman ews energie DD Wa contin tobe the target matt ft HDD mmprent maracas ie, {tw be tough fr thee maces to ‘erarineothe smart dost age ‘Sirencesinateral components, “The HOD segment contribs BO 1 ‘wanes un busta ine sc HDD ‘iene nado buldingpecson tal ‘mmponets lor sence cnt dee, ‘Sel asoflering mea taping produc "While nn bo marine shige Da ala jon ecnome ‘rodotion inthe HDD segment say the ‘Market observer ho udrsandetat he Company assets een tere RADOD vee [AE mon, den by iereased ‘Band for DD component “Pls was despite a drop in ts net probit rr tomate mili Sats miln year agaonundarorale fecvignexchange ses cmb otlas Wdnesiay ts Tawanese Fenn the ik sas ‘ass and wat each, pring is stake acondng exchange ings ‘Dus molt shareholder Perfect Com cesta ‘tincomat Cras ated athe ‘inact ens nde p00 lionand AMSA. milion respective owing {ola shipments oF eumed a0) {major realignment of ts customer base ‘Sharer inc hve ben trading bel sec afer they spiked ton sent Mover ecthe soc seed at sen ast dy, ‘alg the company at Rata lion sake om mass Neto chap meals ne tunhabed emis patenting {hates fue fo rae the perseal gupta ced rc ‘a8 ent iy, ging the company a ‘market option ts malo a ee Fo i 6 ate malic Spanauo(ranjompard wah st ‘login 7¥218curent nl sO ks topline dered tom the DD barnes "awe are diveraed and prepaced fa changer Ms (lectrone manatataing seritnjand fae or growth snes ‘chosen execive caiman Tho Chow Fab aye ina bee pl to tefl, when ithe concerned aboot he HDD ‘lopment gong fran ‘ast yeat Notion announced its dv speaon ta the production sadeading owes which eave tobe a mat ‘combo tothe company searinginthe ‘te dn ie ge eat endedconronsrs: | 21 Date of booking fees deemed as start of late deliver charges will force developers to review their sales plan veopes may nt beiasuch arash zabariah Ys and Dak Mary en thie ‘Stan ~ unanimouiy reed that tAD eae itn commences om the date Booking tocobectbocking esinhefuram feild. ‘linea arent fede cour ra Ing that ot nly sacha practice ‘Sent pahittedbythelne bat ohare ccsarhe cation te datos binge pasando when the ale and purthaeapecment (SPA Senet wna temp peed Seen memeatitoe Seer Sees Cammeningonthe recreate eis purchaser oA, sngpterpesssnysecbpenveiliaeybe""Howingleguton eure nded pop. ooking es smorecatous br colecting bck fe Nconsdeed lop tuhermorecheyer Months ect resdetial sbatabe sed aly sesdental rope anthro he cess the developer Should the deep calle beaking er they would eco complete snd ever cant possession (VP the property within the statatry pred pe ‘cofedintheousng Deepen Cl a cening) Act tee (00) SPA whch ‘Strom the dete ong eee pid? ‘iol parte Seyahuhan SK yasnga ‘ain ete When contact al Etat nd Hou ‘og Dewlopas Ascites (hehda Malay. Maze 2203. sia resides Dak Sou eng Choon sys “pewloper mustache StAcncewecel” uh erty sem Si ovee ong set oney om bayer inal anor ‘ut hina an amendment the Jan 2h ore ought LADO R90 at sctmayberegtes thedveoper duped he amour “Carey actdoetepliy ae Tengu Miu noted that hee erermenttgeter wth ‘Sere werkingen te amendments tothe ‘utent Howing Acer ete a may Sngutis Hope ging forward, her (he amends are done wl be eat {erally util te dec appt al hose presided by Chil Justice Teng Malan ‘Tea at tng with Data Malad Pte ‘marathon, Dr abl Rahman Data ake eiestobe compte within months of ‘ening the saan forhigh the wn 6 “fe Sha ated thatthe VP of he hose smastbedeeradto the paras whan ‘lad contacs met eee italy a in cordance with he intention of partis. “And applying the plage of stautry {tenets Sugh spot tera rule-hichenane the date of the agreement shoul low the printed date {ene ese page te agrercnt she al, oweer she stressed thesubanon ister Wen comes {olmerpetng och elton “tec ‘ae ge elstothelntentan priest SednotUatetnton of partes Other, the temp bythe lear eve the yng eld y iia the inequality rout tat oh What should developers do moving forward? Inatepae ited in 220 ty Sretedecanatbe ‘ersuce neha tact Strut aertopertsoere ‘icy oregasan ME) be rassngbevcper oat een Repatoe e2 Fopenang booger cer senna scr i Foesamottame en eet pert fase “frmaconmerc strapon tismay note te best opt lrvconesasceenees gerd apeyontne ramet octon ‘epwctscn writen reo putas. ofr opto os hearer ows ‘ow ety pty ta ‘irs wes ASSN ‘itdapen whan chee bt {ere the rancal sanees {econ wth mit pers ‘etre amt en ane pe. Tis webb artes ten ler an ating heats court ‘estopedwinety es an ‘mage ay the ot ten Symtcentnetm ange ‘nin ete espe stint on cot oor. teeserany sata pert ‘ereaverton epson ihe ftp power wide tedece ‘ryan “he ho highligh tat aouenndnet the bate Zhsorieaen detrei ‘rotharbenfatherttnedesbope i puma uth eatin 100 eftetouvir Ske pnednt tha hr) abeitthe “carn pondestoran strep Sonate th clacton tng ss Ear iyo led deni “Sch csp mip a instal onmpecipcineseert develope ofthe ‘Sais tthe conan Thecus “nk the bey thor nga Tnddbnnngtheadenenteghsdasunadlel er th develope fale Eierwies pceetee motag tae thn puede aan the ‘Src of bun tom ei of [yma fhe botng ean othe ‘Shed he DAandiay Inve arcealegiton snd tan intcrappa ten seo honing bpes toe coninede des ag ictanenoy ay senses Eeremethe petted por ‘Sine yeh shee ofthe Moe Sova or her that een a ont Tate oD negncy este pacha Wong Ken Choon, pai boking foe Stim equ yh eee eominanutatelysgndibe non ‘oath prac ening le evious methods te crcarmvent col lection of booking foe acknowledging the courts i-depth ok {athe lo adder theca LAD, Seyakaban ays Along the wa the ky ‘qetion fealty was dent wth on he Store whether t wuld render the cis {ertADvoid. tortie the Federal cour de ‘daed"s ot the okra prse hat ae ‘Bcplbetebest ite permance that fas wolted the src eso reution 1G) the HDR ioe and he Schedles © thedchedle contacts: forcement ofthe peal provisons on the ‘lesion oking sence the ‘eleva sutores Tis wl ur ring ‘eee HanjanN Charan commer clandestine taken acy ‘a Assists welcome he apex courts Feotibeas deculn she iewestwusne eves ‘shouldbe penalised for reaching th HDA Snr ila prntcs talc 3 {eam deposit x beking eof any other {abe whi sry probe. What happening i that deve ae using ingenious means and methods {calle ooking fees unde the pretext of the lesion The cour didnot gee bd decied that the LAD ate based 20 ‘heaped purchase pcelntbe eat ft ‘lar ite Sh ths happens dlp. ‘deserve be praised bythe cour a ‘ep the consequences he sr. ‘han siuansrcase Rann nedeeper ry eet tli aa that Uhre naseneflcie dou HAAO8 ‘ins cet note ven fom he purchase cea U7 Od andthe the cal enacts. calate of AD WH ‘needy pent hese edpuchane peerert ise Iroveertd watered Chramometvere dees ‘eter wheter woo Seagate cpanel helo nro seg eveoper yr eben dew TAD allt at ite om he purchase price mukipld bythe Soy of eyes ds. “ec tint det ‘Tetheking ers then misty ‘Scand the dt shoal the A ‘Sateen tnpetant sparen et ‘dma tht of he pane is noteecty thatthe deco of he apex court was citcal ef developers a ing bong fers tnan nDangroemest, ‘which inves eidences,seried pa Trent and small fcshome oer and ‘thar the tab action ineoch nance "Thecus upheld the then Supreme ‘courts decison tater Union vs Chew Nyatshong uAnorand Ho Se Sen anor ‘tole Hank tnd god wa both of these cases deat with eral commer Severe Covering aces: ees etal ‘Stee suites oth, exe ice (Seo) and sales, teal tice Seo), (wher there isthe feeds tort "And what of existing contact? What ifthe bape ta cepted Bis LAD aed theseadae ean te byer now sktede ‘eloper or arcs ad ¢ beching fo bre, ideation ania uot theview thatthe general po sticn in nw tha farsa beam sco ‘Shee of LAD the the Boer be ppd inlaw ton amng further LA rm the {ie ofthe booking fee. "The dscreton i ‘Slow the ois out “Saka pee tht ao cima can be sma" he LAD sas ae edy bon Sea tha decid byte cout te ptishave apes aia setemest The ‘Sanna be led pon” ‘What the station mesa buyer who hasyettoazepetberaD butt wich com poration eng clculated based onthe ‘Spat th byerbas eto accept the {Ab every wat seompenation fromthe baking atest heb ‘ortho dopost was colaced yh evel ‘pereren foram DASPAS Rane. TNenystutinsuhastaten omens on tat as toe pad by te dle ay ety" st oo bua he Seva Imastcept the conseguencescf i eng falactand devious schemes” ‘" soda purchase pie was User. The waned tale LAD de erveprtasrs nd thas Sateen their ‘Semen Ay at ‘ners hehe ‘yt aye te caret Serato the ISurmtmetcoretentar atte buy ewe ‘Soeain ts sean anes tes anata ever ye ‘Sure evaoprtine a Iedtoconety nth epson Nalertepepaectober ie coreaqenes| a he22_| conronare Local manufacturers enjoy low gas prices, but not for long ey aManun azn necutent high gm pice {nthe spot mariae meant ‘hathlaytanmanctac ‘res that pra ela. {ga much ower ae pice tha {heirinematonal counterparts orthern hemisphere ha tar. {228 will be needed for heati er demand for heating wl ‘uanalate ito higher stockpile necting Su lea Pats, ‘he fatures price or tNG Japan! aves Marker Ga for mach Since Nov 1,202, wen was ‘tating a OSS m3pe ion dosh thermal un USSi2 Per mbeuon Jan “the maker has since fallen, however coUssia.n permite ‘ce Jan fn contrat Malay Stindustiesatepeyngafied {he se quarter ofthe Yat oF “Phe fetutes pice declining, acceding to su Glbal Pater ‘atthe contract fr dlvery a ‘peat was aig a USS Perm hn the quarter with Cat Malay fia Bhd proposing the trans port anf, the legacy gas cost Sateen leas oem perma and dirb ton fatwa perm, Srna aya om "he ulated ga price asin the past been a point conten tem Candee la fas prices plunged toa low of {US58per mmm around Api las yer at that ime sen Gover nad unde a forte fred pice tobe reduced in ine with eet pce “The tlaysian cas Asoc tion (Men) rou for the {ss (LNG) industry say, how: fer, ha any ell ree the lated anf shuld conser the whelegassupplyand pricing ‘Sonyntemand nob ited rise reaction toads sre aes that governments decison it Be ember 2019 treguate gsc fortwo mote year tha supply and peeing Ehis move addressed censrased eaerby the indus teytha inthe past tention ‘anges othe regulated prices Seat abrupt and dest oe the aesoiaton ad nde “Coincidentally. eying sup othe spot UNG market epone consumers to price, olay, which ig contrary to Tice othe intone “to honour the commitment ‘Sstomers the suppliers thes Scher willed toc smile "pay tl set should comsider the ont fo the supers in pre ing the supply andthe Fak tandertaken by them to secure Eire sppiyto sneer ea oarery, compared withthe {E tonth bai at yen. ror to hat gas pice was fed aa ‘emonth inter Malaya anata) Fad been eager Co take onthe appr sak to abe advantage of ‘hw peices then stating in feeraret iberaisation, ‘hilnuideciberiewionwith thd pay acento the ei Slur Gar Pipeline and the ve faieation eran songs Sing tla and rengeang, Johorwas opposed oben Senelainyee target Steed tht move, bower 0 202 allow more tie fo the ing cla wo-yar transi tion pred ndastial customers re allowed to acqize the vl le of gs above the contract ‘ey supplier ona wing buyer ‘winter basi” Fa had ‘hid then fears hav lead eared ‘oying a trom to teraaion Thane through eh pary acne toaeon whether ‘Malian mancfacterer ain Astin wee ready forthe ber lied marker were oc answered What led tothe spe in gas — eee Sctaagerturs Seeuershnse “eran eae shoes Sonia SS ‘onditions fn North asl pos SSncuere See Sym tilecldwoerinthe others Priel ctee bce erhad cused nergy shortag sss the onto reed {ist depo all energy sources = ht eek of ality lve Seloesterd Meanwhile apanee we statue cig etree Stles on thet ewer exchange indiana pecer ingore spor ine ahi Soringtoaur cba as” “The month on sate ome sen nok abd three ad Een petectre as als bow Uesidential een demand 1s pan expected to expand rectus, the tao twee of 20m, eraping oHGW, Srith thet create im De ember alto supported by cold rete cerding to SAP laa Plats Anlyies Some regions ‘ova ab incease and the cold Tisouth Keven lectrcty de i jamped ts wintertime high withthe state-run Rares ig alere lest in 5 year, according to ‘here eerie di ‘stration, a Plaza Batai to be torn down for redevelopment {gto demebh and rderdop the ‘otyearold Plaza tral etal shop ‘ween Damancar Height, ls ampathich he rently aque orn ‘Selangor Popertes Wd ora estimated ‘once mon "he has eat that Lin who Bagh ‘he pate Plast aft Doma Sars neigh ata om where hie a. ten Damansur Heights projects aking Rosmanitas name had ‘ape wants tbl serviced spartme cae. Docutnents sighed by The Ee sows ‘hats company called Moet Ba Bhd submited » planning aplication on Dee {2a to Dewan anders Kl Lt {he parcels of trecold nd (ot 7, ders fur ar of pang pce and 0 Liecotandtotsons, measerng ogs00 | (NEAol acy fbi two stone backs ~ Tower hs nie seed “raroentseach Te development wl iss Bele ‘erfomhon eGomgeni omen Peepar fat date shows tha Mo Be ‘epitercdaran eet belag company trina buries adrenal “et Jl aja Chula, Kala amp “Testarossa hada Caan, coma nob and Noo 2a says ‘Akad As wn alba wo share inthe crmegedaasarcalder of Ama bat ‘Sina which mnesion ake inseing Manis sin aba. comany mari awd Bylot oneea nd which undertake Ing the rion GentigMghand poet "The Plaza natal development, cated the jancein of Jaan ta ad alan ering compass ete storey teraced shops oferng a ttl ne lable aea ‘december he Eger ha Lin eatlayecinats ope he ae Teshasit sor reeuring income Bet hat ‘SEsaC map evceepedin tee ‘Mlmmanages howeveropetats lot ‘ato ofthe and asuming hat fot ‘rece the price the ered ‘ment increas RM 00 pte the the ime industr serves sad Lim had ‘ud forthe nd athe than he balding acing ectace anaemia sobceeceeae: eee seers Soin Sao ramen | seen eo nn ‘Asked for comment on the upcoming Tispoewory that nae mak manana hsdent Asotin (2) bad bh fctedsseanger Pepsin pantodeeoy [tatoo milton median roe deteloy fobbocksofasstry serviced aparnents teat too lyst woud probably ae ‘wihfourleveeofbuementonthe sit. fewer bacon hana igh ae “cure top-end prices in Damansara eights arin te ml 00 pal ge alee Peipottonttayen suena ding the taco ound ote ‘ern ated ede ew "es serine: ieigaiedeetatatecrn ste [CS TT ‘county was inthe middle af he Recovery ‘With MCO 2.0extended until Feb 4 just before the nar ew Yea, which fale on Uivities willbe muted. With positive cases Aun. 2000 en mes ‘eon when the CO 2 period will end chinese New Year period. yeit would bes Bepite the hal to operations, market [farther negate ortem mutething har experts ae sl poste about the outlook (enconfirmedsrchiejuncuressaye 08 forthe NfOs they se thiear temporary Nalayoa head of esearch Vincet Khoo. setback or the sector ‘Maybank Lavestmeat Bank aeseaich —""“masinssscbioualy sete as utes Mlectedstaesorterhores ay lets sty Thuntortunaely something tha cant faa weeks alae, Teepe but shouldbe temporary, an we tater or erties ate shut fora weeks, estan exten, contra the sverty sf ‘heywilforeosedanws Gbnormaldraws Covd i yu look beyond the MCO, the ‘snd seven special draws) in 0a feaade. sector outlook should Improve ays TA porewas teleased when MCO 20 was only Shee Kee ‘utrajoy, Labuan, Alaa Shor andsabah: could be quicker forthe NPOs this round "The reearch house “buy” calls on once they eopembecae punters ae a bach sted 840 stocks wid a age pice familar with tbe anda operating proce ‘esp te at operons. ark ener a psi aba ete or (Schroer estarar Stenger etre seer ‘everticlesonc ofthe tuesthe sector “The legsopertocrnilbeharng 3 elk daywith the NFOscloved thoy wil ake the ier hart the mart now bat when he cli back sobtatil mathe abate nates sg Resch atin nope Femaina the Leyte chet sales growth The ecapected a evercbacht pee MCO le. sheep send cy tae "here had also been news atthe end of 20a wl increase to 22 days frm the cut Feat eight days por year RD Research sites thence npc ae ni esearch tage pie for Magma and uerare nasa naa espe, vith buy alls fo bot draws have iid earnings impacts Chey prolt mares ~ has higher ating 12month proceso Inge rato (oR) of times compared with s.aefarthe square ended Sep 0,200, er revenue y Sports Tote Malaysia sn Bhd, Paltlan frm RUGE. millon a yea 0. {ReTO segment ofthe busines so 1.2 drop in eveaue forthe qe while proton pat incase atcaerboblets {ower rz payout andlawer operating ex penses incited Notably he company has vidend wise ag’ ied ii Iylewerats.ar hile Bs Yields. with share prices below their peak inthe “Choa belever the NFO busiest pret. ty sable one in -ormal yar=-the FO Dsinessina normal year ia generally ute predictable and stable Ar share price bare ing the pandernic and MCO period, itis ea Time with the recorery in business revenue stent uation acer bye on think ies me yt ar thee ate stance owl oor tock that demic be say price stood at 324 giving it a masket Eptalsacion of tabi. Meanie, lwo ling te smn26 _| convonare Smoke-free future less thana saysincoming Philip Morris CE inert oe pean me Somtien genase seh ‘port om ci society ad ‘umn Peo ale. wor npn accompany a ee ‘ove si makers aw om cigs ‘chs sae ie bated rai “we ave aban porta of th ada and kein teas poten acataiegremsmsaeees Tdsrech asec andr amin creation Weate prey eloped relacecigazts with beter aerate, 12" bene of coneumers sarees tod soci at uge heap tn an eal Feapnse questo Tepe Tein honk rth epee thang dor natdependon onthe gan “Dialog Key Une tere con saci sorrslonamngallpairot cnt peo peer sould gato the dimen of smakcr hs “heed ponichealth hess Pi lgached se hetntburn to tuto rf cll ts nha 2 {os acon etna lof ation Seecieesomecabed icone an (omar dang Natganatat ee emir "intact {tas oe aw itd pec Scosansindnad pte te “heat mang Ween roe sostiourgletosmate Grete athe Thrdgaute een sce eps Iver appocng ee qa oat et Sof aartal enact among thre cots sent OS" The ups aetgeneation apour product called 1008 VEEY, which wat [cd nse alan in 20200, wll ‘laksa edback fom adh on snc hs been pst 1006 RY test It ecology — a mai eth with Sty baat heat gad in a fe file Sealed pod caled VERY Bess pharma ‘Sabie nice he VERY ecu ao ‘ott fea grade uring eho woud therwiecoainne aking ‘nachertantn sconce Malo Sieree and important to PM contin to smoke deters to know sot, Suave scent beter aerators ets Soke fe products suchas 1005, ame away, rhe global pandemic has caused all ‘sinensis aap to oe ‘hanged alien gach comp wh seays of workin to protect the bath Sneaky of satis the dupa ‘day operations and pada aloo ‘When things set, 1 hope we can make ‘doing things wth an open mind adam Sownin dee nese open besoy Tapes arr eportay dm ‘mplee woul belo burg hepa demi To this leak say: "Our company tent aur moe than 700 employees ‘woidwide-Thanksto ouremploees soe ‘he wold working in factories, tne el ‘han continuing to smoke.We must get the woiddeteratse centrue smokog crete ‘asiness continues to operate as normally [ace snaigheescarupanyconfstn or | onde waénatotebetrsiwesbes ss ponnbleunderthen unprecedented {Sewer and prevent tem fm ging tmednacene ‘cto and rng igarectn one aftharaot anor Olea sae PM appre amfelfomsafnicaine consumption. bllonrscza0 twice fall ear atestheMalesian ernment ack “lamas inbleving that bes antl sue Sam Foray. ‘dgementol the sttanesr be ii eestor adietgconeset ‘matnfraton and wonton. and having Aras focus ‘rade in ciattes used on the instr Yeatlongellerts te scute support and Spenandacentiealyilorneddocosines lak carey PMs chi opering f+ Commitment in combating the legal Afetiocsee te bee chokes radukswho fer tke verthebelmasCUOIn May. trade Avatda0a ic cghetes made ‘wullehervecontinaesmokng heads. 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PAULA get del ot work and prepartion thet ead acacia he say here ‘Nev Yorklsted PMwhove cigarette has gone nt ensuring thatthe anstion needs ta be tong enforcement ofthe new ‘rane nclae Matbore,Chewered and issxmnesandaceleater Ps rope polestoesures ection inthe entry Uist delved srngershansntcputedie: towardanoke-ee are” Mises anys falsinacaedesptetectaege bought Paha ot beenleRuncated bythe “Aerthe tamale yea 205, think Socebyesecondpindemicwstnadiat’ Cod pander since the ons ofthe is impertant orden sur new rma SddiuedeamingspershaegroinolSex outbeaklestjaOkzaksasthe rouphas wafer and cucu een one Statotamtemnt seni tdeakathnbedbocmencenkary —muteiman ok aewasd te aocnang ‘euseebilion(AMporbiiondrngthe measures to mgt potential disruption to wait eu PM! ear dle onthe (SarerconparedwehSsiaibiioninths fosroperanrandraaetormaciet noe enumecnoppatntyofmakee fae, Frevousconepending prot Rwasrparderto preserve the avalably of products tothe benef of consumers and how who at anaiswereeoing tan emngs coin anduconnamens oth Grebe tm cadena Pershaeof sstason venue of USS238 ln Atlas and globally eras Google threatens to remove Search as Australianrow deepens vous wmruey ‘hethret is caogles most po- latin, aie opposes the ow The tentyetasthedipial gant testo socal med platform eerste ote has threatened totem lwo eglatory ction at et Pay eating that tt (ingers sunt shareholder shares on Nove mh Aencarpahdsmechincland the company er duponingst! faurdhiasharbalangtes™oe ‘Hecenca engincnng frm that wentreecoweateorsoniion Somidinsharesinthecompeny. isvearoring imo the beatheae sharscrtheopentarkr'onDec Yee, ismanaging deco“ py =e ami ‘stor by duerbuting scones atyeae sd maj share tyre ‘accine a southeast a Sian, propery and con- tending company GU oldngs Taasinit ding low-mabing struction gro tars ventring Shi, prevcuny mown 1 Good MUP Deny UREA ce ital Kinden sid Mandal Jay” to nite robber production, way Iterated Tndusies Bhd {bina sin abd had ceased tobe faulawt month hue hadinbed We tas adigctoro thermal arpa tet Sages dS ‘substantial shareholder ater smemoandumolundesunding sultur maker supeton tidings | SoM fas Baas ln ‘divesting 15 milton shares ora with Chuanplus Industries Sind and propety frm Malays) SSSA mata en Seam ammo en Asis stake onthe open market hdinwescaatmaillennpro- Pcie Crp Bo ia) |ccesieonne edenitiewoed noting that doing nee aber heanplat ie Poche St SMelsEySusediasdal uyahios asiederabierpoeducer toed table movements aint Tita “ IRsdjstemeredaea substantial Saul Noor sembl Xenangatnestnent tank hd; alae Tart andes ‘tee ‘Sartor vane ACNE PCs whd — 2 Sheprcharamorespkseve — mathetat Se amdiekae ‘As pat settlement of out. cicltboaale that swetur- thepst month. lst des sanding debts omed by Opizalngtoruber gave production days lowe of Rat 20, the now oper Management nada UrtamdUYeACLandoncesedt bank backed franca roup had ‘whckywmned rbsdaryeBints beasubvantalsharholeratr smaritapiakatn Rist? business transaction ndsoldthe yom a multi-year low of thee Kindenstemulionshates~rep- ofloiingszsmalionsavesor mallon Femaning i000 shareson the sen.on Match 2 ast yen clase cntag a divetstake of aime Sieusteon San ‘erably ToaiTokyenancal Spenmatiee Mins en act Wedesday ge “ereiuedtetandalsaybina. 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Local equities Malaysia Airports Holdings Bhd Target Price: RMS.97 ADD (cos-citn RESEARCH LAN 20 ged see ‘Satna sha coke eran Apo (20) ‘Steud detered eines milion sts ead a ‘Sitios ears sd aang pr {Scnnsmsestned dat pymentah toe ‘Seaboard a cttepamet th ltinaguingtsenentt altaya basa ‘oath man ender ta nthe porn teed ‘ie owh witha ppl paca rt (it llon don cee 30 adhe eo len Senna. ‘ofthe ea ilon dv in December on €10 sla may need pid wth hx Sete bt {creas wes so warden and Tn aye, ‘Sentral REIT Target Price: $3.5 sen OUTPERFORM > BE s ENANGA RESEARCH UN 20): raed ‘itt milion camelnwthin er andcoreeneerpctacena its each Fen ros dbn er ot GOP Sse run hich nce anotaualeprtion of 09 ‘ec tvaph a0 GDPU oat en which waa wen ‘Specuntnna ire Fra aor ose. ingen yd Topline ws up by 2 on higher tee ‘eget um Menara Shel Waa Techni an Tes Yaa az wile minimal ese expec ot fet etal ta while te ae erp oie Specie Kan alley remain The ou ere sors ‘Seeemwalin Fao we tnt cpanel ab ‘Cn arwar ven al lease expe and its tack cord tlw singe nv rvrn re tak ‘eat Meare the ond stun hs cawed he ou hemor tigen in even ancl Gace ba ‘ho ups ely balance shewt may hep wth acne une opportuni hous thetunsn ae ena prs gs aha ange ‘Since nd sy of anepre Bich X hopes co {hie son gon appeal bythe altace The Swan sexpectel to improve the techie onder ‘eich at remunerated oan undertaking vous sen MA ays ae) or ana, MADINYMaaysapx passenger texted Soe lion (ever ane of io), wah domentc aro milice Gbedfour sain {orcas and intemaionl px of 024 milion (igh low ouroat milion ecg) Bathe new nade {treat velba oa (ha oat fer on {lperod elo wees bt wichwe expect ma remain Telekom Malaysia Bhd Fair Value: RM7.10 BUY AMINVESTMENT RANK AN 20 Tels alas Bh’ ‘radu abe baawered ted as plan tocly SC per mer or exsing uni oe ead aso ‘orth rs ited ne Inga UMolesalied mate plan tes ower ermantheth speed cape 08 thot dt. ‘Weviewihe non oeting a amre duet competion Lathes pnp pun cumety pac Sa pe ont, ‘wtih fey olimited oped ral wth 10 at tape ‘Seana apron, ato doe ot iw uf Mabie aa para service, the group flrs ths alla cage as fro a conversed ‘ead pay proponton together wa ae brand We Sera thet lone om es Merwe, iFrame dcesed nr he ps os or te op hoping be sae ths ye "hese cuenta aanatcie Ma Ee ‘fier es Mat Tame an lee a compling ‘MAHB’s international passenger traffic recover as a percentage of the CY19 base (in Malaysia) 4 plc for atuaf out ix weeks) may negatively af fect MAND pox raf in Malaysia tht neat term At ‘SeytheaQuo efi foaled 4 on bw or 8 ‘lon forecaa.drtthecitowmponton in Beer Rirallowsng eb enurgnce of Covid casein are. ‘Weexpec MANN sarvamtoresultstobe eased on TSH Resources Bhd Torzet Price: RM1L25 BUY UI RESEARCH JAN 20 DespeSH sore pS ‘ret todos Yaa shoul be a bte yar — peed ‘improved curpacandhger Tote al ices Wear {ending at 150 ror tie fuera PER hae pees {Srpeacon owt ar doen. 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"ae or orale yet “Thrapdpancian ofthe publi gare snather peepectiv on ure swoheredas crac octet penton {Enea tye china ‘wetom FtoePvethe tS ppeaton fom ‘world a whole mrt oer the ‘She period The Unite tats, he wor ‘eo edt hare Teekdowns mandatory testing faa ustiecrat inequality stand Sewtecmncogar leper fing and Gnade appound cone ‘now potical ey we aw en pa ip "The prcbla, ofcourse bes nintemet_racytn the USheatackon te cdl of tcttaing nthe US,thene are allmaters service ly democrat del ‘soerrance~namelthe absence ofa Gemocray cae fom within sparked by ofcoerious oltcal debate viewed by. tdyshsemplacecy comme tate ‘the U booker the ete, aries icbngthecarent ein Hebel ovine ~ ect Tom arwe exo th vitcrof the digital thepresdenchinel'Thisralesimgoramt —manyae umccepabletrnepescnsin of growing gy ar thc merc expr ‘wonditomynuthing the asention of quttanasbastamercvteumstabieyim: fee tnd opens ‘nS tut nied comctvey ita Aigo dering the Covi pandemic, erties —andthe ales gn- Ane le.hinaselsspak then geal ampifinganinceningyplaed the darkside has become Impothe wig? trancelo evelng hem scheetferraveteesnyinoraxteeaks tana nanerstemmngscat arThe istemmodsefoperendedct. "Usd prise witerand following heintalsugein Wuhan Unio andy nay Te reaingwane ctv hr gienrstoplatiemsertade Taccoak to AppleandGoglehave taken turtely Ameria seend ware ar woere sity as bait io pulsar roe Inulicdpspomepaphy.anlpedsphii mater into the owe bands reaching thantheltlcanageintepingel2um) onan ct teaspoon Sat ‘hosabofeciedpatucaestemism sata chcesocronnct line theyhavelseddown ao speaks el, ‘vers Poet ae a Falaaton and now tempted une: "et ararecet Pe esearch sre nd Eietievatcol er ibrar he cates fllpsocsoncl tac Ameran pull: Stephen SMa, a felty member ‘com nese tom vie, les the dcipline a scene based Yale Univerntyanaformer chairman "The chinese mode provides tak con. Dractice such at mob contact ting of Mangan say Aaa the autor of atts censorship tensive appren o Soensgementwithpubicheakiheials Unbalnd The Cumin of ri Isternetgovemanet anathema tee. Gluplethr with signibcantoppotiontoandchne Is Malaysia’s ailing retail industry open to new partnerships and innovation? seca apace Screws, uaa SS ees Siri coca =a Ste ack mango aes = Pe stertat Se wate aE Yerianenree eceaaa aoe Seed Seer Oa Litem (seasons Sa eee ee Seca A. ocean, Senta Lis cases.a state of emergency as been fouapng eins ta bak howe ‘ecaredthatisexpctdto lettings. and ae later at pariipating ast Septembe, Real Group Malate eorteanduractonste ecded tat oe 51.000 stores wil ot boot deme twuam Ee cat hdshssownsilcontineetoaccelrte manufactures at oeing"bay Stertanklcnmontermecsmetoanend. mowers payed pane Erentheneoly uel stimula package etcourge cals ‘taansbbonsechely modest andl Tortnately the real sc Iivelimitedimpactaccrdngto analyst. tra proven buen mol tat ‘lady Malsistealels elmore balances the nedsoftethsop- than3o% nthe tcond quater flat yat, peta ncaesenebay row, ‘hewert "teal bcodbath to a8 years” pyar (WNP) athe Peitlicldngs MYX Comte Ratiowcnstnd prevent BNPL nets ‘Searstarcamengthehighpeuiercall Elman Aftrpuy and zl ace store payment or ced crd in tesearch im nteraconl Daa Coop The ‘talment planin somany ways, tenewd MCO and desman oa state ‘Sheng them aero anne pro’ mengency wil ctl this even more ‘Sasingoranmuliesandanear dresteairneve Instant appeorl rate Overdue The government and mak Negara Ma- Payment result im shopper lyn areas paying a petal olen pro etc bengsupended ule viing the necraey fnew a ac ‘ait carde wef holders can fates trader posh inte pital aking Srllove eating monthly sandpaymentsandencouragng ensures Yoriomntsieadingosoonballng to alopt calle peyments Again this Enet charge Sackdop the time for alborstone Twit che ght features and. partments owe vwerguance BNPLaneren bea in BNPLthe eta uri Malaysia Sra spndixgand oath) akeadysaveay ab taor mae ston (rabat tore te coun. ‘cont month st the companiesthed +" Eetging ta toviatoapathfor-uaricnistutherMloyan were Malbysancanaamertoo meanings: ewhighe ‘ward Thesecondesntweasgpet_ fel toembrce new prarsips ess ious andar tightening ther wallet Tos ""Savehy hast pwPLaken ofa Maly. seh the salabity orc thera, mals and echo. ‘especie forenzandmilennil, sa ikeiehasi ceherpartsofthe word") efaceurte customer crc ata bap, Lat get tower a Seneefwhumare graduating wihow sb would ponte lowing reasons ‘anage the cred poling snd wer Ieduprecenty lt thetrphoraufired * Lackofmerchantconmmereducnion: writing ik. ‘avid Chenis CHOTA, = payettdcctothepandemcsimpacton " ‘Taehntrenmokthwmarnadanieet Tnmanyemarpngecnamicacess Asa, Sagopa heaquateted cnalogy ‘sins andthe econ. ‘understand BNPL and ow ican wally hte ge swathes ofthe are company that partners more than 3.00 (ow her bstne Sireskeekeder hemmaio; alum amfoffine wend brands rn Walt-and-ece nots vise seategy ‘ing exible pment options offers iyafthisdaalsseacunebabeoreen the region moter YY mow, uy ater atengesdbopinguanersciategroe shoperchoceandeemnieninhowtiny nat'exstent Theonartheniconthe BNP payment ponse Pg. a] Emerging stronger in leadership and resilience st year was an extraordinary ‘heer leadership tn bo et ‘ciety and corporate operations. Tera a yeat im which Cov 19 ‘shrew itosharprele the value Sleectielensenipinstetng ‘hough petods of crisis, may hope that the worst of Covi be- anning othe challenges this Yat may ‘ring pons questions ardundthe ripple effect of ertablshed pandemic Efoctsand the anformeti changer tcigered in aaa which may perio in ‘trea rayofhope felling year that iat been trgely dead och incidents Theapproval fhe Pier-otTech va Tegulatory approval ofa Covid-19 vac ine na tajr developed market. This ‘Searocrma socal and ecemiclnees ction. Leaders wil play + pivotal Tle ‘cerng through this vial period of aston, ensuing that inferoed ad 2 pased change o the ew ely, and olding the challenges of false eupho ‘Hb that risks eaapulting ex ooce mare towards higher ifuction rater While ely moves se ations such asthe UkandtheUSalveady rolling out {ates of global vacation ae wlikely oe delivered noi ell into 20. ‘sing plltcal tensions exacerbated by ering on the global tage. Markets rl emai volatile uring {fom thelr own poor health fGetive leadership must steer , towards informed ambitions sf hic ecovery often hig ‘tthanthavottheirpets the ends to be move expansive snoetative uy of "ods accounts for nearly 20% ig ermocrperrmane tlenal excalewce fa kere bey areas unlocks new op Sows ng, 2000 was a Yer swore. Equlythe coat of enceo indeed the sc {hereot ha als Become ap patent the aggrepate level of tortaly high lve elatve to cbr, surpassing te Great Depression the 2008 global Siferent avenues to growth {The success of ee-baling firme such ar Crab and Go jokin ranitioning oon de tad deer verbal during the potential thing of Reslienceis sutetnevermme cieingccommicrsonnd ROSMENCIS Nitsrhoe dian eis mand is aword that Changed from part ofthis proposition in the chtgeigmtendeemla “Doatroom nda tei femecnetarwasnceny juontoore mes ceampion hi tnd Eiveses vrata ase, JMBONIDONE PSI epee {ahold yerain acral op ‘rational cenaderation 208 Sod beyond, Resbence id {Gren fom busines contin fy planning ieeabout having sraunegmemteee 2020\K should nmoregsiciywweabrace remain acriical aya and lene a ‘ew opportunites wile re jonal stllty ins business supply cringe volatetandseape, -OPETGtL ‘hain. This has Been a major nits report Broming ox COMSIGCTAUON Sireption dering 220, and Alvwrather company, neston iN. 2021and Ceasuling Group (ace) re yond. sede eine = Sp fo eaersip to bake in There companierdapiay more robust business operations, overcoming the perormance nthe lato! the imedite {impacts ofan eaternal shock The speed ‘Challenges feinge‘coure ‘challenging logistics inks. of course, the mest fondamental parol vance isa guraton ef peopl ‘Shoe ofboth individuals andcellecties dering period of sharp criss bet they pandemic,asmany as 30 milion office the wold.s the rebound progreses is inortet tat worhersat pyar {recur co the workplace wth bealth {ndvatery remaining a cic prasieyin {na yrs wrklorces could wellbe the ers, supporting asafe return te work, balancing workforce eneerns ‘whe ogling ecemomchallenges Hard (works in these difcalt times Teadersip wil requite an ermpathetle approach employee concerns, demon ‘rating shared Journey between et ployee and employer during this ngsing Prt of adversity. "This year ins chance for fee hope tals elect period ia which stone fndumentato busines ruccee nevery ‘lent convertation The had, there Snunderiying teh to do ore to sce ‘tae ingtogthr peopl Ting {ood men I speak of optimis ‘he belt ta their cee “Dat Mani managing decor ‘enlor partner at eaten Conmulting Group Accountability during Covid-19 times hoole have finally physically ‘pened forthe new acaders ie year bat has stated only seth thowesitingfar examina Uensthat means or at ‘hoolsrrm Five ands et ‘ears in preparation forthe st rea {an Malaya (SPM) om Feb 22 and i ‘Tingg Petekolaban Malaysia on March, ‘ fespectively- The Education anistry ‘sale allowed si trial examinations iesrap ped apprehensive some have expres ie desze to finish ofthe tral as 3 {aback plan should the spat be further {he Greeting Covidt eases diy Some se the ialear irrelevant st many deunprepared and ha ocuinge the sm afoul bes beta tae “Then therearethose whe want fast set over with, prepared o thers, ‘Sha ctherswantaneher peponement In order for more face-to-face lanes to ‘econducted. tis aippery slope for sllstaeholders ba there mux be det ‘Heenes yet laity fom the ce. tion Ministry in overcoming targa Ati 20 much time this pli Iabea lost and the staden Unique asad fotreprimandaient ‘tent low the cord 3 standard op Shek could nso havea ating procedures (SOPs) a6 located spectros fr pa. theyattendachoslandtexchers ste enchange old textbooks fSenewencaandanchef he {ype ew jae adit Temata ld hae been scttad out een wither Séotiyabe ner orm ne Soaterdtoe wile eceving Sinfonia war nly ind Jary that sedans ware srw te tinal duecocere Siowiybut ray ade are ihe tineaien oetabe ew gal ston eto felpnee rad ncnctons wo pranoot trerihecs Tacerstocanae ee iatevey ont ira pran some For primary schol stents, copying ‘must quickly dive ite the sy Is without any hesitation, ‘Tracers and not dilly ly times ofthe sence, Special mention gos tothe teaches in Lenggeng, Perak, ‘wn have ben teaching Form Five students atthe tillage community cente, with SOP {splice rem santo apm dally ‘hair diction snd determina ‘Weare sl perplexed sto why schol eprres lined oop areca tthe yar a they unually donot gor: fag the fact ena Cavite tea moving ‘peli unlike merely iting in blanks. "Amatsaseungtion made bythe ed cation miniterie ha online earings So bear ofa fer soccene ies bat ‘hen are ew and fr between Seen ‘who were unable te enbance thelr ier tetconnectvityandebean addtional de ‘ees daring thescoel lay ei are {ovendure another oon fade aye it tterpe oop ine pitlres uch {Delma Sophia, EduwebTV and Khan ‘Academy ae not ally tls by techy Ceorabdents, “The importanceof physical textbooks andbeoksin general cannecbeeverea ‘Stemamwed whan oncxpecte emer hand Movement Control Ode ecard.Sustainability — a growth driver for your organisation sympa sommes ihe cbfaes cuore Simhat eens a nately this is not quit the case, asa com sistance icrcerancaenae Spores xara carta scien dieppareaet Peer eckeeemenne smnmaaresmmects iecesenbenee ns Soe Sharciiate rine Sencar ieiatcatyatiersoas nea Trent ge ong entra sree tytn Sen cidhape nena Siping ere ils aerate Roma merchant who employs disadvan {aged people over the merchant whe i (Sing Sreqular cothing business si inten choice Between ane hing company that provides dive Styatensover ose that we Snyder dcr cae yo ‘woul go with the ater. “yhere are ramifcations of rants into 4 market it rans thesis eocpan can Innovate sustalnabiy ersome ‘hinge that com iste ibang oe te [Swhere growthcan be found growth there heist adrecsing specie ‘Shae hat canbe mead eth climate or sca impact Frowtheanthusbeschiewd for something Wve Ryateringamarpregesive rocrusive, roduc nent comes to martes sosomething altogether new changing the rales ofthe eos companies workin he extract, frodace;ensume and ape economy the same production facompany Seteeettrcttnottem coninovate Sanat omen trae Stseingsewmaretand sustainably Surwha happenin reg iubiityThiseanrenaitis that Company fate owt, ‘would also be "There isalo theabiltyte able to capture market share.” sn coin nti shesmmncne cate ae covert Sousa Seetinate Seo een cana Soca homupaes Scene Eten ret one tne, omer Emacs (Capita and ts new nature Now coming bck capita ‘ates the change tn hea threo eapital tsting bus. ‘ewer eed tbe abeto access {he most competitive ype er gall wl ‘eryergantation beable tx ‘cotttietvly westnet “These investors, for the universally invested. this ‘meane they have so macht lovest that thoy ned tobe inverted insignificant parts ofthe economy. talgo means Eannetdivery aay the npct of ‘mato und social aes fon te porta, ‘Theplanet Macs ot oering epports tin that give the required interna te ‘asset managers need to be part of the ‘henge in sLivessing cet sudpoctel {sruceandwil increasingly show bas t0 ‘Whatever the stage of progses, ils ‘ot hard to Sod the ovement Wc ‘fee the movements inequity, withthe ‘stinabictndices again ‘erecene ma ‘space, we see thatthe green, seca and ‘tainty (ss) global bond market ‘eat toussnn bli in 018 hich wae SShinceare from 018 aly, we see movement in banking capital iniioecedby banks sacha SB, which steading glabally inte Sustain Blerinance rads are been med “worlds hes hank for sustainable ‘ince’ by twomaney fr ta consestre eas and in Malaya SC Amara as ‘eemmsmed imi mano he Yar ye Asser ip Lame Finance) and. fegultors that ar ong the Network ‘committees For example, i Malaysia, ‘Change (JC) by Bank Negara Malas platform fr financial eplators and ‘Bacal instttons in alsa tocol rte fareberendestand imate ike The BRICs at 20 Saiversary ofthe HRIC acon that tecined to capture the eo om pote ef ra Rasa, {ndiasmchina any commer tems wilbeevating the concep ‘andassetigeach outyspeftmanee ‘Since abo so her are my own coughs ‘cothemater rat and contrary to cepeatd ages: ton the mal polo my signa Nowe ‘eran paper "he Words Needs Beer ronomic BRIG was ether to xecast ‘dls growth orev senorls or promote sme new marketing concep fot Fevestment nds Asanyone wh ett papers knew, the centage wat {hat these economies probable growth n ati Gb wealdhavempetant splice. tions for eb governance rangement wath a0 having bem the third yea since the each eo atfoed ‘that large European counties are France, Germany and Waly shouldbe eprennteelictiey rather than nd: ‘ally arth the international Mo ‘ary Find (1 ander organisations, thesty making rum or the werd ng ‘consi powers. the tind our it ‘Srececetaris of what the plobal econo sy might lk ke inate of whieh ‘Conjectred thatthe four anes hare of ‘Hla eDP would row Tnthreven,theso0 1odecade armed ‘ov tobe both abate and relatively ‘resale table change dbbabgovernancestructres ‘Kew aeuphearal de fait in the creation of the 30 foram and some reforms with ‘rong that snes de totes neded to cflct ren Timid change sunt formatin the BRCSod ded South tina formed ‘atom geopolitical cub et. Wile tis developmen rein” Tocced the erin eco ence td not Ser oa omplish much beyond that ‘Worse, there as been very Ue prgtest onthe soba ger. face fot since then, even in he fee fa deal pander, ‘etuning tothe Bt econome stay, between 20044201 2 colleaguer and Teme op mths proetions oho ‘checenomy wouldde bern then and Ss. vhie wor, toledo 2 ow mje cepa bing at we we ‘Tn fact, the titi of our 2005 paper preaming with mnie Patho" made cer hat we wereimaginingone Por ‘ie spol phan cay Seine bur for oe S00 cad, weassumed real Gfiationad- festa) GDP growth ate oes {han per efor China and Sugrested that on india wld ‘alfbe experoncing ase lnggrowthater2009 ‘my around tes igor than was noo. tiple the size of Germany and aad ve mes thee afthe Ux and India already sound tee quarters the ite ofthe Us te tconamy is (owing ts stone ‘tract becone the largest iemogrpic) ‘his dcadein soil ers, ‘Neder ethno Inving atedy achleed thie heme aor mbes Sermapreconomies, ininapare( tect MPM DgaTy Sameer Desptea Mantes di ‘alan orld {hreaeldinparchaing ower prey ers ating seca for Beal a Rss, Drveleeainy be“ Gecade for tivellpoatblethat the BIC Sater than 209, nd probably signi ‘reaping could become a re Braziland — Stheetwithintbe nxt go ‘anuysoindlecueed —RUSSI2,ICiS enti tflteratona ide, ‘ankindaandmes stil possible imestment andfinanca awe Saricoxcepticnwll thatthe BRIC_ Detmees the BRIC countries Rech hove GOP hdc resto he weld cont Walprcctiynewi. STOUPINE COU! Seek tewet af growth would ‘Seormereinnominai — DeCOMeaS _begeod fr everyone Usdall- denominated) terms, large as the G7 But that ixabg if atuch the tall of a decade (2011-20) thacwas nowhere nara frufl athe fit one. Brazil and Russias respec tive shares of global GDP are probably ‘oughly bac other level in 2001. and ‘while tnd as emerged the wordt fith-targest economy it has sufered several socky yea ‘China alone enjoyed remarkable suc co uring this pod Wilh 8 nomial farberincreasing tashareol (oct age wilépendonwheher wean ‘str the oll leadership ‘The pandemic comes on generation.” — feetrengthen international [Ememance andthe opemnene towbich wear denecracerhaw anger ‘ed. intams of thee polteal questions, {hcaalce second decade hasbeen ough Reiaonaberween the Wet he U8ands- {opeand China nod onstage ‘hy hae in eden ho the One hopes thatthe onal of os Peisnd develop relevant tole tofetvely Sonat those rks themes rach ans taxonomy oe casifcn tion framework, which alone wil eave 2 financing tn addin where adherence toa {iavnomy proven to pie pester nasa ality there wl bean atonal nen Urelorbankstapoint more financing tbe ‘Span wit the noe Tm summary, rustanabilicy can be a row river foryour orfanisation tn fact, ‘Stisne Arana Project Cocoon, an iit “Groth opperanitie ar abundant when se comes to sustainability, not far in the opal places bt intially fom pro ‘lity nado, access tw capitals being early iflenced by sustainability actors scion th pbc and pat and egy ‘Or Amd i 0 of SBC Amana ‘hain he cil ake up fo lon tne, ‘Theeappenstebeorme omentum behind the den of creating + nger Denecrati Ten {Dio} sance comprising the members $d Astral ta and South Koren. rom ‘Wester perspective this reaping would ave bviowsgeopoltcal an iplomtiead ‘antags;and might help with the goers nce ofeyberspace and technoloy, but eis {clear what purpose I woul serve forthe TadnedD10 could alee quertions thanit anaes. why net inlade ther de ‘mocraies thar are already inthe G20, such South korea want tobe ins group that ex ‘las Chinas huge economic nelghbow, ith which fen Sod quality and iarues uch asthe ditt ‘ition of cov to vacines and antmicre What the sd relly neds what we ‘atlcupentanefem peer scum ‘yon om. one a the eins eendary players, ecrowmeh adhe Eyes hance now fro mad suirwows nd burr ar sass Comm Siititntenrepend. "| tekerutray sy hard ae Tonsign Sut tery sgnionced thc edcaptobebeld met wiopewytinceat esabesd Srarmaterefnotingtieaan ” Spenkngathe Ae pin haen ‘Gamerinan0andant hora tr atm dy nde mae ‘Senta withering lng the at Wend Cop the at he weld ewes mucrnaded oppor {change many eth negative peers ‘heregion inter ol busines hat peoplehae abut this region. Slcerainnun. "vey tote haw ate abe {aera een bee evan twonpanie areas portage te big with ise ‘Stetndadsandina wy atric ‘alone Psithe fom he Nocadewasthat Sequin! innate whe coin {Stetupendiytheregietetcttonone Magan Al Thnradlpeneral secretary the Se ai: “eae dea big tad Salata tea worldcup obeingpeoplet- {thet ~ and podnes knoe Ov, femnetotakepae bpd ar scoiay Wwe ave to come back together We need [gbonatsasagetarclpeniltokermer to gt owt this and celebrate alec agonist luring tara" ‘eronecontertiouieve remained! "Toe ania Wold Copthat mt fans Arist bouts Satan pntingl Qatar tarda en ata erte r ‘ens coverage te cau cond-_omgtobcae ofthe st repent aw ‘cabic actimeny anda Wid Trade ral. alway gig tke far ere peopleawa Sthnineriptionasleiomothrwed thanitns tein batcoal he ek ‘eahupebenoyotleartothe ngish Pe wore. tna Covi 10 wr otal shoulda ‘erLangarandthewidrwar scat pamy. late pte or a ‘a ‘iltwilcome ahr hate ‘the demands on player lack iene for ‘bb ale ang time spt writer spetningn otal Economies have to be made more flexible ‘so they can nimbly adjust to changes promoted while ale being able to mit ‘wil ose obs and may not be flexible ‘ough tobe wesiled fo the new fobs {that ase bing crested at aap pace At {he county evel hee could drei ‘change the srecan of competire ‘es for example 3D pining could make Production of curventy abou intensive Fema sucha shoes and toys competitive In developed countries amd eae pro ‘duction tobe relcated fom developing “Pic it is nt cleat what the conse ‘quences night befor ther eco var {ables seme may argu that ranaforma ‘onal changes cas these advance [a {technologie cold eae prcatefallen Produce defation fut higher growth could [ocaice marketer labour and interne ‘Sctepondeandscrvicertovightensndco ate the effects, Inthe macro eel, economies have © ‘emade more fers sotheyeannibly sto these changes thi can be pou edt governments work wih the labour ‘ovement and busines federtions fo stor out ho bes to aaaptse hat every soe wina.One element ofthis adpenion ‘may have tobe move goverment pend Ingen resting as well son sctal ety ‘ets investment romain agencies wl tite need to be proactive tostact new Industries tout regions shores. fan detect at on coriystage the changes in heir industie and devine tates tcyaitenceedtndelstenrr tart ‘tate of inancing stems ulin {nd vaporting rasta fin place Tohapyor hs mie eveladpean Tier shows that eenalogicalpo spesisnottabe feared solongetbe ght Statepe ae patinplae athe ao and ciediehcts hcg the dons Conciusion what does thls mean {or ow region? Tee ovr impact seal be posting {ining speed at becune there at aso be winners and losers. The winners Mi hether in our teplonorcsewhere — wl be those counties that se wall positioned to expla the opportunites Man thaskaraneC£0ofCetenniat Accountability necessary if there are flaws or weaknesses in enforcement of SOPs abl fstadnes ae infected in ecool ‘sa result oan apse inthe enone ‘ent ofthe SOPs Can the educate ‘instr be made to resign if school Tender alto wpa teaching stand- ands during the pandemic’ should the ‘gvernment planand prepare for ass testing of woo ging children, pos Tiywiantigen toting which b cheaper find quicker, even Ifthe infective of ‘childrens only 26x ‘we pay that our children — from salstandats and forme wil be safe ‘they egery wale to return tothe respective cls The children them ‘cic wit have fe at bythe patente ot ganrdlane the importa [rabid by the SOPs and reminded 1fthis often. This sheald neither be tere chance nor wholly tthe teach ihe Widespread disruption of anather shal cman an natnr anend ie for‘'ong mete come "The education minster ha stored that sOPs wil not be tightened any ‘mote this ime but promised that em ‘ay noe have been determined ace fatelywecannotandsbeuld net ee + fepent of those staggering figures in thecurent nme ‘While we have seen that students sccover much moreguchiy tha adults, ‘Sirmoram excuse tobe athe respon” iy has new fallen onthe schools fd the community at large, expecal Iypacens toensure that the cl re proected a al tlmes by strictly fering tothe SOPs from heme t0 Shoal and back, While aking forthe health minisey topetormspot checkvon heolweald beidealoferea the tate edveatin Skpartmentsand dstict elution fees shoul ale ensure chat SOPs are goraaly complied with Parents want to see accountability atin Noor Asim Abdul Rahim bs ‘hairman of Parent tion Group for ‘education Malaya an ential ‘forcement of SOPs Util accounta- lobby group that serves ata chanel Sey isaseetained there seiahaye between concerned parents. the bea tendency wpa the buck Ministry of Education and ther Canschooicaderrtemadeaccount. duction stakeholdersTS We need to be brutally honest and acknowledge that the system no longer works mount ‘come accustomed towherewe elected + Hector reforms longer works les we ake theeld step Tica dysfunction had reached anew ow one peso represent ws on evry te + New social contracts between comma, wovetauli fear that we willesinae 0 wwiththegmerameatenthevergeolbcing forleurtove yeas Andwelindthatmast niuesandbetweenthe goverment sod plod longand femain in thistate ou ‘ought dow ratimevehen he comes: the tims they dont speak rar but the gnered (arena owt petunia pais tional recourse ofa GEwould have been accordance withtheinstotionabe party + Greater city inthe ole of ham and tdivded commutes The state of the ‘aly popetion Whetherornotitwaswhipandalvarswithaviewtothetiming the state tan demands that weve rice Seeaitypaepiimopporusedmetet citlencrtcdion Soweanthatbengeed > cemmmunlintgtiontelnededen- musyand test the saentceal wish [ltform wo dicus longterm structural Ing and lest agaist racism and igthat national sets ned a proper iis Entstonegticesnew diel theseaie pejr Tikedhe san nancial crs ademas ndcompony that Malaysia now neds? rend aparthld in South fc, Nalay Whatweullbethekeyfouncationsafa ‘Thelmmediategolefourprojcisjst sin ialeady ning ord css td ete Malas? attherukol pe-emping to garner supprt forthe setting wpofanstateafemeency. TihkinsamerialsOnetaom-elglam? therenltsafthestay, tweaks suggest” other Neck debate pfs, NCH Osebelgan mode anéefcoursthettsh + Newinsteuioalarangerentsts have would needto debut and decide an mary Datuk Seri Nazi Raza former ‘GetnmisAsumbiythatdatatedthehogety " ancfoctive wlre topes compe: ical principles and eforme that wil ihn chrman Tail was ‘tov imuvofigalsingaberton tt tion ‘Eksevnar woul rly betew alia, speech the UM As barope tte Scnaremethattheeirtamntoinnaste + Charsmariioncfbucwsspuurament "Tooadade Weneedtebebrataiyhen. WAMU Maloyaatatete Webinar held Geteicdsnecicsmacausthatwehme andar = stand scnowedge thatthe setom no ondane Malaysia —a thriving tech hub for local enterprises and MNCs nce Matias its ft consideration atte ito hep track of and poi n depth sighs Ske The company pees gad he yas propery bata Indicusicn wih goverment ences vinting "oper era manager fx Malaya aod ‘nc ace bane that tar for eh meng hey inusty general anges fot marketing Wong Se La TERg Rai seen Fesetonrepedcemeties | Saea tists hukeier wiveytentpe “ctystuines eh ence Malesia basins cate apirand sung oro elena Srctareandconduie eaten ae tome ‘theres malian erportions Nes) eal Ieeeftteetandambtion tem thestlayan tn tbe propery are hr ert ging the Rina Compe Froply an nd wrasse” Wong se the ane tech ar-aps se eonomc Panes BHC the wos eeta green bsisseanedatunal hal alone to color on digtl tol sch ‘ste wade agro epee aa Inatttinsar el asary acest geet alent: ata lome a ig indian ~ Locate tiloton in the legato dealin of ‘Aha wade ia ean fer esto make May which nb Saline brme lon ‘Seconomin he area nares Mays ‘teurcuauyofchece™ ‘Gib air tant scot coury ‘componiscn seen gge et alias oral instar, mth ig Leverghgthe rowing {ceo ad integrated sop shai ad exper tree nema facies othe ean of preuring Maley tacoma repent oes ‘wore pprtaniion pay nthe gear Mitecisgisetendinecallinesasee: eantpetadininrersmmer abacaloet {chology sae epi of intermatonal x fen) Whi he countys fame muse may enalng rae econo igri ad as este Sed omen omni ol terstelryoung te pesicead awe ater” lnnowstt: Cid unde ~ lich eves resec ‘trees coma clarion bene ‘Ssintheecmstemwre cio tothemastne ton dttbaton markngand leo ae ot Inala dtl componin sbi reser {aaeindny pee tsntram winch support graisand cai vpperedby coe bade Gr frame ier nest” ‘asec tet pen mathe a ee {nator te to adopt industry Revlon 40 aavrengwintecimoogy open teers bene pcos ae he (A), Ts sion ate wel sted ye Srethe etn tidapuahas anion rome cate engaogineeraina ded fal ‘uses feat pce sonata ame Scutuurtoedaomeresmcicar. tw deidlnwst cian nemo ‘ibs wel upper goweimert tate, Ingtastonctoknowledgroued indus tbat" accering othe Mich Rondon’ ep clexeonweat ‘thighchhghelueandhghiogcttocnae tnd The aa att Haw Malena op. cred rs ane ben my the gov ‘eninilpowthandcrmcahighincomena’ tue the Dal Made Gypsy A ene std enon tebe witht sion ede ad ‘athe cenytdplcantrmaon snes Mahe Spent Spal ay {spur Malas eution ajar tbecome Andbiklngsdpsaleconcenywithnest genera becoming distal econcny-The tepota)s the Sami ech hain thereon Weare pdt {hindigtlindutsthat il ehapetade ws. xno art dale enti ene ‘ln ta opce ts erpne gern ‘Says and ae oe {he kalayuncconery exited tobe wrth ‘it isan esi sore a fab and goth or “The country ha porte Agta nkin- Aharon (UH bn) eet oo ‘Becouuny econo tie cha the Ratna pl feisty eres dea pod (GD fy vere ‘teliaurnnkel ahaa was scan de Genco bow haphgunley allow tivo hatte aus the dome ts ameng ean cots acting Boorse Beigialconnectiviy:CheNatonale-commere Cull ach RMzz ion USS salon) by 200. soivtnneransn ndexwhchanahee are an Rate mondmap, which aime to ture post “ayaa catnae et as to 20 conti en tts ch ese ad de since andenpand mater scsest the lob- baie tnd spor deal eben the Bt ‘lopment spending manwfatring expabhty ‘stag: the Malaya Smarty Fame, cou Soest son ie Da ee ndeancettnonof nh ch pli companies ‘tichbimtalesgetchndopedabancemes! Sraldone (DP in tame spp am hse ane the eas wh orate {ndiTapcaonsto mesma lvingmete ln csr-borer te thio tasted tnd Micon have ben operating th Malaya TMalsyassintemetandmebiephonepenetar_ecommarcepatermsto apap al Ral Lar yes capa oe on tats re high at tn 58 Els te wei the gba ae rele content ofthe Factor Say toimpenethecuaty sgsacnmt "tas commemen ose nD 22 whee ‘see ech to cepares iat ans expan coverage tos andthe permet anounced hat WM on weld saat havent pth peste et ls ‘itand speeds anda tose (Wittande trigeneration nate A mpage chan why they che Maly “haber wei for property echnsloy op rarely an empanies embrace igen SanrthetseThinstoeurethat we oni tehlcompanir such aniopetycmsm greet frat recon em aac cance {eit popeminey tars tenure bea ‘Nitnlirbeadgactred REX Gop bicvope tc Sard companies willbe an seat tae mete estat Aesdigaeteatestesaperences anders er aping spat napeig dal ans he tere dome dpe ‘did Eun subi dua cats af atl bets aoc rancg te blue Dbl Bown ected egond are See bsness whe kewrging Sigal datas oun dighal ambitions52_| conrorare John Soh turned from Adeline Cheng’s saviour tolover and made her ‘catch a falling knife’ sha creanotn Senne siciecneg am tacalasy back in 2013 The other wo stocks Seance cee, Recetas ‘sao his mistress. ” cocaine Smee axeicorcacaeet Shahperesespabets .fcaieeanmeerst Srecenaensotanmnenaa? iinSeager intone sores sechdestonie ca ispecies Srocpuearesianss sneer aarti ‘Before starting Alethia Capital in2ou,Cheng tematic abn south Barney [Ussand HSBC NG Pat Raking Chen ens alo runing ante ent called le {hi Ace anapeer Serb 3 fice sed by cheng’ ater to manage he ‘ents or. Cheng et met oars ah nt mining conference spas by SDC Tae tecvoman werinwederedby gs Nahe (Seftoranaginvesur lens encod ‘ipute ed acjuston of mungset ‘cots henge aay with ‘qui and hey ep toch even ater be Aeris arabe tte ae ars pote Intnen conte Fr mangle fname Speier, Cheng wrt Gua Hg Someta ld 00, cheng bumped sate Che ena incr ee fd corer copter woo Istumpur They abeed ade om Subang ‘Aiport ly andang he way. Soppedty sbi fce in sna ‘Chengtotahas"ewestmen alse" ONS Sacra bode erode ‘hangar actly stra of teint Soh" aa soy Enlwaning ope hng done stot Ttraent atthe ere lee ahi 01 it tithe court Soon the two gt cou at ch the as sera persalekcheg ron led (henge ast se ck Shae ys pp ate Mabe Saban a ‘rales eens ws yu bt wsbceie ee wih various otherintitions such tt anc and Uns vin the mgs mang hen econ shee ‘management oped cance the ans ‘tending ced lines The cout wa show ‘meses by Cheng such aT cand things Stderthe al ie sbeatine’-awant Soper cud lem seep pee and"Tean mith opening et fr tet led er tings prety eng as cratinsctang some Sus pobeme one ot eet (ah seat cheng wae Wab Ue ‘cheng repented at? ‘cheng ot onic irked with Sah be ‘nship dain bats 0 Ben Cheng andouahirercaling ache a ‘ener gnc tit oar oe ‘heen Sabres peclemalacoan” {ob ued by theo ofthe Around Say Sothern malls ceu nto son ash Rad hanged the sev ‘ane number bengal oa cheng Pocededtochange bt on he ery ne oyna changed Sack gan“ andy imine tot cu cheng the cau tacenef du tarsous meungn oct henge aclnaleged Qua hada spec florins are mana bea Et eth port ppary fre he vwainScalene without sie leet ‘ainda einer ins eo tmuthuancrnth tong imradnd Oh se bought in many of br ends they ‘eeaells trated ninety? Former pie ner Math Mo {older asa song Ane Tran sup [sted insu exept rae ‘user ws remo by Maha ‘Ghengras a art many of he nom een Sohal sass nario gape late cmapantes were scaly peoplewith estate ber ater Qa ‘oti former SR Capa el {Stas caapanie tbe St rant poke ‘wknewthacandncha anaes shat fx ilcheng who ao bere cua was ‘Shibignenarinetormor than adecae, "When deputy ue pomentr hang yotord wth Chng ane iat Sess nomines awe Cheg nay iti sagesbeweenherands pers nd Lie ‘Sats vans thatouah olan? Tnsaion then her war sed yet ‘ilnontehatlsch"s sine tha artnet as 0" a ‘Set-Alhinsmaneessamesecatg a {nth rth and"UBO ees Cnet tess hengs sharbole omnes hough she asta ‘har i ot appen cheng war hen shawn Sct ar sm sat rr in wth ‘stature nominee” “otha happened, Me Cheng, i? Daring thereltnsp, Soha upd Cheng {Elie oot town time wah the race othdiy the prt tanks ck a the EGiSua nneaa whensbepoctedoat at thei pcs od alead gone up ale and “So 1m, sut how much should buy, an pce shou oye ea Tea ours cheng Acct Cheng ewe Fbvsryand Moyet vera 88.6 Toebrury200 Sohal Cheng he weld seande smith ran vag ‘ats ey propery in eared Saran saree toncascer welt itd een tcc enehip ‘wat yung het acon ett And ‘hen Ta Tor wha And besa Tor However he S8 millon ys ony ane fered in Ago 200," wa ued the ‘Scout ame time andthe vey tie Sah Te sean thi propery saw that ep ‘yaw nit ret Be hdr So wy Sn ou bay se RAL Dat aharn nd cheng vats aque Hing cheng aid thot besides the milla Sh abo ane hela secon Thsledthe roseaton {oquestan whch endear ae tng” and why she could weber the S83 lon bocnotsotamiBon wl cements ‘hema othe ple wee presented ther beri the 5 mio ack ny ead ‘eee for woman who was tl toby a propery that seth hal ey ase {Samy are Andwhen oun an reel eines ocean en haat ou teem the most xplalned Cheng who Sold master's doin pel te dh end Cheng sa tl eran severed tat 0 lc for in bay Stout millon wrth of shamone shares a Sipe. shes sherbet ees ete xt dat bec ft lew dp ater ‘shoct sani aat share itan alsin ah sed hi Ar youre Me Ye ‘hetehreathonay Ado ey ‘Wihindsy hema! oda carecting ayn, esroyingeme Sion are ‘ue ecrdngt cheng emethingca Ingalthccashsndshares pen suber Nertather sre baer sts ai, "Awace nec ests fotencTiwegh sein opr eng vad that Quai a ‘entsara ches plgeacolater {yee big ace sald by dan Sch intheleabaptothe crash supper the shat" dawned on ne how EXE sored became very pce The Person oe and rt asked et stch 8 ing nee cheng ‘acorvorare | 53. Investment interest in tech manufacturers surging Beco sinc dowana, {the pbalchndartey ene demand for digital services as ‘well as computing snd networking ely {erste Beyond he unde they tat was and means undergs ‘has dun digs anata ose Singapore may not havea lobal tech (emialsemsta beatings fury of ‘cota nd dal tnbing etic by ‘Sine sat money lang place hin the onde tech manufacturing sco. A raced by thar sperm ep re Ein beno end oda topea ot “we are postive on the crlook forthe 2yst Wiliam Tag, "The Covid19 pandemic os aclerted the digaisation of may eeepc ding to higher demand 2 deport Tec tt gai. “the most isle sig of mere inthis fe Intemational hich provides cowting {Step er elects ates In ewer that Heat the brokerages hae iaued nea. ‘Reet was Chet Suse, which a an 2, ‘Sata price os anol coed Sissisonsuna doles pce ale Company ners, presumabiy have 3 rodent ofthe proper andre making ternational charm Yo Miao Pang and ee Wong fry rgahosieady ctl 133 of the compa tnd 3 per share dares buyout etsnng saree. ‘On Jan contd of Puvucarp changed ‘managed by fund manager Mgt Par fs bought ot teu of he Sars eld bythe co-ounders the pecan ene “Theva byone Wang sao Ren, pails albonor a Sgaporcers pet pineal oe tiger ot 0% Pus, ‘oye exiting pcre hag he seilases othe diet sakeot aes arpa twee ching eng Yang who TOY ‘corporis harman arent icon, topherwth hs woco founder camenee ‘Seder TamWat and Ho Nee Kt hate elgned wt flee oan esta the dates ap othema lech fuotadel wlawssloSingpere ents ince het gy creed to Sloe at an singapore cto ana. ‘esters a nthe npc te the dat fe compan backedby aston nt ‘Gubtelanceotsera millon wil cotnae from wterporry pints earnings Nove Tas ‘other rng f intron dan tie series vo TeRw Copal Paes, Sal meen rn wth tated cat fave nds tchnsogy secant fast Asa The firm headed by Loke Watson, Extertnon ar charmane railings ‘pod has funding fom eta soe. Senora nd ISONHolargs = ca (0 an, Atak, which ha bee ring cothesemiconduter peje announced ited ited ccitbonnd C3) assy State millon: ‘trmbiy capable wil enable AEM T0 Five improved verte integration witha Niger lee of cooreltomads quality ad sciry one th entre copy cht ‘wring, AEM bees cn bee Dalen tensions adding tha there ate ‘Seprtey Neve el abs ivetng sant millon oranase maken anor Singapore lined company crandventte “iehnlogy(OVTbyeaking up 725 mlion Dew share sti Singaporecets cach Ths ‘ear announced om Jan 12 “ted t GV wheh provides man facturing services to custamers inthe ‘semiconductor and aly ie scenes fctry the bk ofthe new apt rom stkhough eid nt spect any tres oven whi best Kw fr ‘capa appacenty ben suing op eae constant ebraary 2008, Nowe Tells ‘ako in yor another ted company SDN Telling whieh orwer mdr oat ‘maton stone Theives nt wade {Steyn nar Singapore cents each Reh Tha partner at ‘owteloswa piven scat on SOs ed “ISON hs kept aw pei the pubic smatket hie pte baling fs oe ato ‘Baten bacrennanddopny emerg ‘Seanngly se thereat the companys atin strateny in the coming yas” said Inmatorto ane somehandome rere Om ‘up 262 from the 20 Singapore cents Nowe Sunningdale (wine prspects tials ole the iy and not et the company insiders havea font themselves For ne Nov Tell fro for Surningale Tech in cence wih the company chain EOS rete has bench lost pate from ther mere “activi itr ua Capital iment which managing fund belding ‘te of Sunnngdaeata0 5 dn Sante open eet tha the roponed hes ‘serpin of S655 anne on Nora “eolew* and “sigaiicaiy nervy” abe company “pial, sat asignicant ut of more han to sunning’ ‘Safralueaf cose tosspeshare ower the last ear Suingdae aed ao ae Steafstelsmertock alae sad overt icrwoyears et sey prone lel ‘naddtion twas pointed out that ake saton sunning Sard tan inpend ‘nt det and was only ve designated ‘omndependent decor afer the er vosmate. fina oro SSsperscere hao Shares in Suni Tech hsig orp ‘ite pce npr a pict bok value of ‘mstmes talsorepresets ae prem timover the vluneelghted average ice ‘iSunningle hae fom See, 205,85, Sept. "he revised offer provides a premio {ese than any losing pee Sunning ‘Ges shares inte ment peta prot te and inching ep 32000 the dat the ‘Company announced a possesion tovelvng tebe "etre thss th celyfler ‘Ser nde preves Scheme saree “ew the opportune ache sale ‘Tentrumestent forcast premio the past, the law strc eading ‘lumen he Sonning hers he resented lager sonia sharers ‘th dita meting fl postion diagilue elec nite ine wih Te Ep pe54_ | convonare cern WORLD China imports doctored oil to skirt US sanctions on Venezuela oy ave ease I may betel mater wonttep se fl mt fre: Milione of bares o Venere ey en embargond by the Uwe ‘een sureponsly ung to China The tion and sanctions include ship toship ‘Stele signal mr here's another pest {othe dedge: tree ‘ping te el fwah chemical edits and Changing inal dir crue witout ata of ‘evenennan oot Teese el rvewed by lor, ‘acy show the lengths to which ome trad stew goto opeue the cade organ fetta ita bing chinese eerie an il industry. Us ofc course, cannot fn chine or any intemational smpa ‘es rm buying Venera ol they ean Sancialy aguceze them, hoaph by peo. ‘bling them fom then dang say bus ‘est American companies tht shy ech inueate step are aken to dspuse ‘he origin of the rade tarpofitiait said seat Model man Tie theearesomanywaytocucumvent sanctions; be aid-Toare tt may pele tiling to ake te ak because there Ich money tobe made” connected Dayan dd no respond toa “Sh lbubwneschewrcrtesthatloated | China Of Imports ‘coasting comment rndeuligecals in Yononarliseone sailed tamacn ase | Imports from Malaysia rise to 16-year high; rom Venezuela fallto2er0 | _feitsttong Kong bose effice went waar cated with chemical adaivesoitthe | yauyag y vrane Sereda spokesman for he US Treasury asta Singapore and reappear on the aaa oc ox sures a doy | Siinotadsreethe specifics mthiestory, {6 Singma”o¥ simply a bitumen mlx bean fective and woud continue tobe hovsn made thetraneactions seen ithe “the world wmming in light cil trader Libre Aborde $A, which was ‘oils much shallower due to sanctions on Sctioned by the Us a June fr baying ‘enemies ada ‘enerucan crue, ‘Chins nations ol company china ane eal sea by Blomberg Swise ational Petrol Cry coo det pu tae matting Sina’ wie a cou ase with veenscnal uaer ut eae wpettovobs cckrd neon ese ‘Selanod ltadenmong sppeeepectay Getbrecpngtbe oizalosdng paper | 26 2 8 27 2 ferempane that donee de et with Toanfofs ved elma dnnor dag S=Pt Ghent tebe ote sweeten | Sum confront tari vnezan {he ders fering tsb ning ‘SdnandGinshathe wer lars ‘Youdo nt underand the prblem yo the Singaporean coat known a Western inecopcer ster the Us The eres ate ping” elem vo oer rom Diver 1s chet ral dacouns ‘swissels attorney aid"Swssall Trading tesorts and golf courses in Asa. There, it bergatesthe importance fmaking sure dans on Ftrolecsde VenezulaSAinealy SXisnoemariaing and basnot marketed Teed 30 Containers of chemical ali no oignal documents that couldigettyolnsending heals nt ear t9 7 eat ‘dealer venezuela” tives ata cost of USS20,000(AMOALOL7, thecradesprovenance shoud bepacedonlo/and sang cash ow to Caracs Bat ‘lsomberg tw document forat art slipaslbyswarll"Genteman,thisisthe bos im one commonicaon,aswistall_ the shdgy ll that Vencnola produces aallonMrrlsafVeneruclan ltt doping fe" Swill employe said in tader with Veneruelancrude cnphasaed remain m demand tn November ale, tweresolbysmisalanddaiveredtochioa anemaleachange with uve Abotds,the “peastmakesurevesd doe ct salawayVeeroea exported i malon bares od Rityearunderthegusecfother ames, company thaterginalyitedhecargois withongialsonbourt Noorginals shall aluedat abo USizo mili, scoring ‘Cuumadstareggetethve documents Venera," amrure we will need eee beplcedonboutdefany wesc gente to Blomberg dat represent the Gp athe lobes ad hat guys inthe tre, plese make sutethey srg atthe carga. "are tds the money he can pot berconpanitraoenardinnich tpl emt Sees nd op xc rip Nahas anco rane tbe mtr spe ‘imported Venezutian crude since Septem was renamed Singma Blend’, mash-up tioned by the US Treasury Department on Moya-Ocamposaplitica-isk consultant ‘Tyvtich has ot ignbcatiytoosted ke Mamacs ae chemical smoot the same, afer Rlombery asked for comment for Withthe change this week of US pres Ihawy-cademabingcspaiiterin2ia0 acordingtocrdelluaye een loom ths aril The company dnt respond dents frm Donald Tramp t Joe Mien, Saptothchighesinduagougtackto beopAmonthaferthesiatcowrowascll tos tid request ft commentaterthry Veneruean olf exports may se sii 3e04-But Boembrg shipping data shows sldthe oll toa company in Hong Kong, wereplacedantheembaroedlis.chinas revival Biden oficial may ease mere ‘porcthan balled Veneracan el exports Duyuanimporttapon'Colud amine Commerce Misstyand General min fecent fiteictions oe so-talled fuel Lietyearended upin china ny December, medirytaChina tmemale between the sraton of Custom dig ot epyto faxes swaps where companies ale fo cilexports. inating in Venezuela. lube Abordo,which filed forBankrupt- oll. Moya- campos said. Tan Apel the vessel clei took on" Dopingivnciepaland indo bring cyin Madd not tum emai seehing “tne daresay we at gong tose Venerol craeinshiprancterotfta lwithin ceain chemical epettctiont comment, phone mmbers previously mare venenulan olin the marke nthe Lyn ttenlndeoanareaniowmicsivan fomeetcnauctuslobigatonsorremowe aurocated with its executes were he’ Sear ture tad. Rosnercorvorare | 55 China cracks down on fake divorces that let people buy more properties resurgence i eal estate prices {inshanghal and shenahen hat Prompted suorites torn in ecaton, tlie with the ci. the property martin check ‘Sangha eichisunveledpelietate ‘Thursday tocol the oc mask ae ong explted by buyers using fake spore properties or btn mortgages The ‘irl aso ey taxon slo hoaser purchased witha ve yas, up fom the the Patna “ray pling the policy Stance ha houses efor inhabit {Seapeclaion the Shanghai municipal fovernmentsaidinastatemenrelring {Srresiden siping te boot ho ‘fh the new poly shanghai el Dg ces inctading shenzhen and Mang Bow ocrack dew om howing speci Ing demand by capping the number of Shenthen moves Eictmeaveytebypasstheretiction in towa of Shenshen alse moved to ightes Sangha afamiierateallowedtoown hme purchase aeths moh acendng ‘wobomestUnderthenewralethe number toca media reports With the conto homes owned by ‘hey wee wl arid byortment gua to timer residents ‘tvornd free cn tte ye ‘eragennnual say shenzhen sbouing theweatamong 0m ‘pena namie lings, ihe wy hn cere bows mmaee The [ising heme pies of certain poplar projet in shanghal surged morethan 0% fermacon corp sleof exiting hmesin theciy alert doubled lt month om ‘eteate used on square meter our, *Strong warning’ Thenew rls in Shanghal aldo the tight ning the cy ale et homey Inereguiements inoue aed ds payment rsbold tos highs 7% ot Fetdetal propery valet cool demand ‘he atest policy was rolled ot fast “rg thr ata ig Ste may cool down, Ietinthesbotterm, be ‘ldadding tat feyarptom ley totani i because Sapercitier opeclatve purchases yatrier ib e iy “re hat widespe countedbasedon thettaltheyhadwhen aflerdbiey sie eterthan Hang ong, _sinolink Secuntes Co said expects reset property pics in tne latest coaing mesures after monetary as alban capped oan for ihe solerterecor eater his oath epi een te abr fcelrate, gen that ideal evict istrecuthone— bose UK considers paying people to stay home amid lockdown breaches Kperermect lls have regs poping peopl to tay heme they tet postr fot eons mid concerns ofan fa ‘rata gta orcrmply wt hele ‘Whe he la et oon po aladraf government policy paper propoied pay ‘ent 0 (a Creat ony thse on theyre tel wo uaa “Foe policy. wich woul oe abou 2 blion month, wold be designed to overcome people's fear at lang income i orend slate by pine et arcoding toa document dated an Brobrined bythe outdian and conarmed by ivnment etary eve Este called the ‘male whensstedabot the poposain boss Esteves at day. anime cman th ‘woth sored eho has teed pote eins, nde dowant pope opt hate they have Symp ft vue ese sua bat ‘hirwoald la bea age cont” "The UR win sd natinal acon with thehighee eth alin tare The teas ‘wstSo people ded inthe Ux whi apt testing postive for Cond. “Thededetonvoidclton inthe bers br rtorqunsting atest andor I pope with Sram omg once etry scan aay |) ‘ a tothe an 9 policy paper Ont agar people eampiance with slain en he ligt work ws ntl Te Guarda Mintsters have been increasingly concerned vera ack of compliance bya miner of people Shdlasemhuday announced ew neo eo or yup attending a hoa at. "hana sgl that the chown oud laren despite coming ser preeete fem menbesef acter aty ors pan (rethelckdowm sr scnasthe gavrnment mats Stet tovaccnatethelsmallonmon vanerable People bran want tach tha aly eb ‘hops etary asc aeclaedand eg ee od ty ahold ay accom The certo eaten teak {heen toate mon ak eng Singapore home prices rise amid speculation of property curbs the nal arte of na specuten cuts tat the go erent say impos mca to onthe markt ropeny aes nctesed 2 ithe he erth nded De 3 vrdan tedevelopeent Authority figures showed ast Fay. That's ‘geste anche rood gure ots ben prices climbed ‘Achrd consecutive quate of pec as underscores the ves sense atthe singapore property market drag the cits wast ‘sson Horne aes have ass increased hmbing the ot nix ‘months in December. Tale 200- apartment pices onthe isan ineeased by 2.2%, eaehanthe2 snatch figures sowed 18 208 thay re 79% ‘he recovery has deed conser that he housing market ould ‘dae. instead Singapore in countries rah ar aia ew elon the Ux apd the US, where property mets have surged ‘ting the health eis as econ lw intrest ates al demand Scent comments fm gwen ministers hae prompted analyst to speculate that stories may weigh anther tt of ‘earares to calm the area mone at made in 3018 ‘sth bepay me Minter Heng Se Rent and National Dee opment anit Desmond he goverment erly ‘onitorng developments engwho wal finance mists ‘he athortes ‘donot wat fo ste the propery tare a ahead ifthe undeying economic ondamenta The government could consider ang stamp duis, especialy {orinvestorsand frigners a he fol hs swe he pace PE ‘crease inthe past, DBS Grup Holding Lid said nena ‘thong = SEs heme prices rose the mast in mor than two years56__| conrorare omc ns SPECIAL REPORT PKFZ—no conviction after eight years and six criminal cases ai ‘_e - Sinko tationgend po dat Agercorvorare | 57 sroement wae inked with he Arsbe-The project ambitioualy aimed ts make Foe lan among the top three busiest ports {nthe worl and combate ubetantaly Tail Paraoya planned to develop {he project phases ut ter decd sctes fund owned by KDSB was acquized by mca andthe goverment for RAO Mom or mia peg (pt ‘long who was KDSB che executive, Fy kDsw had acuired the sme pare of {nor ats mon or aa pt om Pa Jnn Lumt Development Cooperative hd. sae, tvas a appoipted the turnkey 0 tractor for Paar tath development cots subsequently morphing fo RAS lion ftom am initia ba of RAO ilo {Gant billon afterfurterrenancig in Soamasreveley then ansprt maser ‘Antony tate Land bought at ifated pices ‘Sher whicninteret wa aged ‘among the veior bine misters tobe ‘hail asm tagport minora ‘evel thatthe pie ofthe land a aS linc calsltion of ere made jek vans and nope seraces De armen VP eich somes nd the Eiy ct eance ot) ewweve, Mistry of Transport (MoT) repr ia ce at ‘charged avareneMansthirscatinct Spprved a much higher land aequstion ‘Charged with deceiving the cabinet the cabinet Ling the former president site Malaysian Chinese Assocation (aca) whe wa tape intro, that minty ofices had prepared the ‘ocumenteand tha e wast ovaied ug | PeAcubmanosnateetna tng tees peep gansta TA Cortera ns ae ica tart na ‘sang stone hart aang Coy r crontab mceiptaseged {nthe preparation ofthe cabinet papers Malate former culture and outa sinister Ya rt Abel Ka Shih Fat {uk Dr Tong chat Onn were among the ‘tnenesclled by Ling defence Fey {old the cour they were aware ofthe 75% {evra charged heey nepting he pros forpument tht Lng bad deceed hocabinet Te igh Costorderdting ‘Spal the lene ad vad se enable doxbe Cchoyoho replaced Lingastranspatie ‘sera charged ina withthe counts ceiving Tan Abdullah Ahmad Haas ‘id not proceed a all hares ware mith Srawn in folowing tings sega a yeareate, "Te omer MCA deputy president wat aleed cave misled Allah noite fyproving Xs asthe turnkey developer un fda armenia Cont deceiving the then prime ne {er of matsio mien a frter develop ‘ent wei a PREZ Ya ter chan inal ‘fargewaseatedto cheating he cabinet Serinfastucture wok inca 206that “Aecording to documents released by ites re week a cabinet memoras (im fom the Mo dated June 33-207, ‘ede the gore ao ugh ‘pmore hun ite bikontorece the rebutted project and that approval seeerents hed been signed "The recue pachageinelated satel in goverament grated ends throegh tes olaupporeeaedby eat lees that the modus operand at PREZ wae Set sila that oP MDB withthe se detect re ested the plce Tee SethcBT and esting mig SED bya | Anungong Si ge tn trong reangine caret aya ‘eakednrengaeses lr thepvenmert Faz | Yanpet ster Ounko hey ‘ohgedeen ecard Phang found liable but already a bankrupt Drakwhichrrled inthe apblding Erthe nigh Cour decsen Initaly,Phang had faced cima charges ios be was charged the ‘lan sessions Cour wath ehre cots ‘tennnal reach f tut commited Sener Oct aot and ay, 206 Ssivng assist milion entarted to eras Pa general manages ur the charges were withdrawn, Former nip mia ang Log Shetatercne tere ‘Styen tboand tect er a ‘Squad Shan han Setar aut iberation and approval + Net adhering to conditions of SettAnancng and + Taig actin PRA interests te sue dfre pens es ‘ment pared sc ptae | mesnanatmiign castor Curt ape tg Cont nares, ‘Seronghng Sg ae other stents regs Ore SN M458__| corporate SPECIAL REPORT PAF carey Be wis tases pr tems of Broa lane PKFZ after 15 years [) iresiceing arenes Soha (9s0-ace) industrial zone and tans 'PRKZ sin its oth year of operations, and last year new chaman, Data anence Suto lction andar very compere Sine in Por Kang. PAPzis eae a Shactine pyc twenty lot gua ais FEU Frvrinsoonemparad with milion tm bycontnaed expr ac andinresed TEU this yeas withs pte increase Phang said to have disregarded board of directors Tain Phan wa aegedto {that the authority bad eve fan soured (5 po pln ‘Sue that Pawar occ overcharged {nearest by ROX ple ntret ‘eur compound interest aswel Ss laed to conduc open ad com Dette tenders an entered ints ‘Scarf commercal vale aad fuming aditonal aby ise. millon. ight agreements with KDSBwhich ‘waste the cred ills the hey coerce forthe ‘under then Frime Minister Tu Dr ‘Maser thamad andconsnsed ‘ahmad pda ler Lim sd Moweve hang td filed to refer any othe hey Spree othe PeAbowd mee roa prior to theirexection tn Berdeence she say she bad the Sppronalofie mat” Phang acted betore obtaining cabinet atu Lee Beng tl the cout ‘thon Mang hd dreaded the board of director and arent to bare the cabie aes apr smenton ct 03083 hat the and ‘uschase was staat the Mr ey ramp e ein eter of offer from PKA to KDSB to purchase the ste ‘he cabinet ony approved the porchase wo wee trae Dr ‘Mabathi gave the zen ig. “There was tact breach ‘satay doy Lm centnd fhe Phang agsedtonctase helnerntchargedon sional ‘evelopment werk ehich ncaded {tapering the construction he ‘PEF junction 9 el as lect {nerutrctre nd el ealing ‘ease ype te Due, Shiner bark ert ow Ton Sr) ormes Pea chairman Le tld ‘uate PAG reratng the mater o PA member fot ‘onsdrstionThis teat PEA Kars request forthe adaitional That he PRA board viewed DSH feguert tobe eaanable when i fect the board had not been con "Oe arch 242006 chan had writes ter abdul runing {hes approval erence the interest chrgeable by KDSB fost fentedtothatranepore nstys Proporaland Peavatavormed ot thepats approval” ‘crsn-etamined by shang's counsel Mathew Thomas Pili, te agreed that decaons rated seth PE pec wre made by ‘Ma apd that Ks had ade the Snialerte Mand nee toPKA ‘nhis summation, Pip and chat hr cient had to cae toa frcras Pen had fed tcl via ‘witnessing tap at ‘och former chatmen of PRA ‘Court rjects "no case to Stance cual ‘peng ected te defences Teste nstorthe coro sale peste ining oftacher ‘tdarybyPhangand that would sulle faprmataciecne ber Ide ot cn te alg bec coe remained ered aver Sioesaaches toennpein Sere pow hu she wt mae Sig ne arcs om tuted Gerson geentan, ‘thar rewind dopo Pesca rere ody fs pour no a9 ch, ‘clin parte boned ey ‘Sityonohcsone om natok tnitlevute sot nthe se Srtahrres nie aca tru eros Payee tend hare tarry panes free nt Bong of apa rertha se fad nt knwo thrame Mang nein pci siyslaon the proce fhe {nfindingthat se ad breached het Sete ot 7A rc aap by “Some segment contend tht treme seme eke thecorvorare | 59 Giant Swedish wind park targets turbines as tall as the Eiffel Tower developer of tarope' bigest ‘eyes on a new mestone In working on an unprecedented permit to increase the approved ight {vind tabines bya urd sooo Slmort a all the Efe Towee Te Sppcan for par ofthe Makbyaden twndprkwil probably be lear eis hee yeas uid arti Pall the com ‘The ambition highlights the speed nergy technology i stl deve ‘atone and tite around the world You ge higher up youcan have » bigger oto and that means more ener firm herarines al salt ht Sehr a ob ave permission awe” Seen’ electric demand. Lamak fravanewindto bap the country meet ‘Sgnfane prt demand er power 1 industy and transportation sectors et inceanngly lett to met “Tremassive wind park thevinscoudnatstop Seeden needs tostart planing fr how {obuildencushnew paver geneationto {beceeincese i demand y 245 Mat aurams C0 of arts Op {tan aterew th Dyes nda ‘eof mow there are not any rrbinee Sd her nt be forever yar ut Stevindwantsto tie th op andi ltheindseywiomuete ep ‘he bigest onshore turbine todays eneabl ery S4 whichis somal sishighes pot "A permit allowing fx eutbines wp to latest and most peal tibine dels the project sald Olver Metealean tuhow wind ual t WoombergXET I granted, the new permit wold give ‘lease ee er del ‘Outpt frm Swed wind parks Jumped io lst year to 27h aca Ingo deta en ob grup swede Snort a ‘Swedish Wind Growth ‘nal generation Analysts: AirAsia's private placement plan critical to keeping it afloat Lay rat ee x a ee wy wens cen ‘hat Aria had» negative otal eu of atop mien aa sep, 200 s totereaionl boner PalapCopal harap thie ‘doe und prnpect forthe ela’ meta fcr Ang ak tengo ‘ion indus remain epresed, InvtablelrAtasatode hissing ‘Aida Groopatds pn torase atthe soup neds money oremainafoat ireheapialvaplsersectisonn Soom quarters tee saying that saciscalandnmenary ene by analyse Ak blonngetween Ro mlen ad thafund manager. ‘ato mls mon. Assuming Aras “tAlovstment Management Bhchiel aves BML alien amet hs wou investment oct Choe See Kee to WanstetomBt2 bio ya: Uheadgeraetscomthat thi fundrasing rr thi perspec and at hi ae, ferese eal and aecesay fr thewihalaslscurent mate captain Bah fthe cpa ‘tiation wool ean wo eee ‘While bane ir expected recover forRevauetorumsemsheand. whentheCovl opandemicisontsine, Malo could man that the NASA esd Ara neesthe cash now pay milion o beraised va pate placemat Saft operting expense and ther Raed couldony etn the company for abet Counernerit iislsitinessound Ge uptefot menha he and wet styingtobep cash uring at “Of cout, her ate thot that dont Tinta sot Bye spre hispespctnsingthn A “rhe key isto survive this dificult sa hn dtabaes cand other poeta Siiteaboseesthsasthefnsstge ofa “Butbereminded hat aiasiacan only takiagerovaaimcon propre fottapthse penal batneert ca Theale ‘ie the csh ow asought that team. “rte placement isprobaly the eas ot uve then wil be means” letand tases method fr acompany toe sal alding that te "Ley no how ‘Sue capital eid Chao, adiing ther ie ‘olep Aras ne widecapecacon thatthe atine wil un Gen the cent ndasty utok Ang {Eratee rhe suet, Is ofthe view tat wl depend on se eae abo ot dacountig the poset oup of imestns hs bbe tte ‘irs oy and longterm ato 0 amp naremanc tthe budget noe econpenymaywishtorisenansbi "sack in 21s, Ws coounders Tans Nonwauzbuionincaptalrsndcheo. Tony Fernandes and Dat Kamaradin TustyAcdsuanocunoed fiat Meranat hd beted R04 lon va torasenatzsbiion eae stightcash pate share acerent forthe upto Mowtwhich RG bllon sto beard pare down eb fromfnancal atatonsandthe remain Subcegorny.the atin pad out ing aati tom egy. lends of et sen per shave te then Skeawicen aalyer wh declined to ll yearended Oe, IYO) and itsarow'is god cdg thi pt_ ltr belagthehighet- eve ding oe ‘ate placement thelewecot caer "The face that people want to put "This meat the do, who contol 2 money ite irhcin ion good sig tree Suda Us inharsin hea fer shachades that ae Hang onto atthetme hough Tune vend Tue At ‘isciatrthelngertemneedtoberene sn ah recsve a iidend payroent of ‘hatthrewllbenrigitstonetht needs RAGE on ors the 0 emp sate tobeddane asmanageraent has iden dividend in Piva. tedertoteapaaiae Aaa suceny” "The defence now, however shat the analyte {he aviation industry as ten cipled ving sad thats pivate lcement bythe pander ite tera inchisinganceisdateforthernerty vel only time wll the share ‘Sabai idtheanaeeAndthe nt elders wise peat fhe generous Isthateharshrcheldngsilbesubsan dividend 7 tlvised pang trmad heagh thr Shot resracuig of pet placerent Ths arti first appeared in Te test asi natement thows Uheedgemaret com ona 2