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Old March 20th, 2017, 09:59 AM   #3401
ILM
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Let me tidy it up for you bro.

1-Vienna, Austria
2-Zurich, Switzerland
3-Auckland, New Zealand
4-Munich, Germany
5-Vancouver, Canada
6-Dusseldorf, Germany
7-Frankfurt, Germany
8-Geneva, Switzerland
9-Copenhagen, Denmark
10-Basel, Switzerland
10-Sydney, Australia
12-Amsterdam, Netherlands
13-Berlin, Germany
14-Bern, Switzerland
15-Wellington, New Zealand
16-Melbourne, Australia
16-Toronto, Canada
18-Ottawa, Canada
19-Hamburg, Germany
20-Stockholm, Sweden
21-Luxembourg, Luxembourg
22-Perth, Australia
23-Montreal, Canada
24-Nurnberg, Germany
25-Singapore,Singapore
26-Stuttgart, Germany
27-Brussels, Belgium
28-Adelaide, Australia
29-Canberra, Australia
29-San Francisco, CA, United States
31-Helsinki, Finland
31-Oslo, Norway
33-Calgary, Canada
34-Dublin, Ireland
35-Boston, MA, United States
36-Honolulu, HI, United States
37-Brisbane, Australia
38-Paris, France
39-Lyon, France
40-London, United Kingdom
41-Milan, Italy
42-Barcelona, Spain
43-Lisbon, Portugal
44-New York City, NY, United States
45-Edinburgh, United Kingdom
45-Seattle, WA, United States
47-Chicago, IL, United States
47-Tokyo, Japan
49-Washington, DC, United States
50-Kobe, Japan
51-Madrid, Spain
51-Yokohama, Japan
53-Birmingham, United Kingdom
53-Glasgow, United Kingdom
55-Pittsburgh, PA, United States
56-Philadelphia, PA, United States
57-Rome, Italy
58-Aberdeen, United Kingdom
58-Los Angeles, CA, United States
60-Osaka, Japan
61-Leipzig, Germany
62-Minneapolis, MN, United States
63-Nagoya, Japan
64-Dallas, TX, United States
65-Atlanta, GA, United States
66-Belfast, United Kingdom
67-Houston, TX, United States
68-Miami, FL, United States
69-Prague, Czech Republic
70-St. Louis, MO, United States
71-Detroit, MI, United States
71-Hong Kong, Hong Kong
73-Pointe-a-Pitre, Guadeloupe
74-Dubai, United Arab Emirates
75-San Juan, Puerto Rico
76-Ljubljana, Slovenia
76-Seoul, South Korea
78-Budapest, Hungary
79-Abu Dhabi, United Arab Emirates
79-Montevideo, Uruguay
81-Vilnius, Lithuania
81-Warsaw, Poland
83-Bratislava, Slovakia
84-Port Louis, Mauritius
85-Taipei, Taiwan
86-Kuala Lumpur, Malaysia
87-Athens, Greece
87-Durban, South Africa
89-Limassol, Cyprus
89-Tallinn, Estonia
91-Riga, Latvia
92-Busan, South Korea
93-Buenos Aires, Argentina
94-Cape Town, South Africa
95-Santiago, Chile
96-Johannesburg, South Africa
97-Panama City, Panama
98-Victoria, Seychelles
98-Zagreb, Croatia
100-Wroclaw, Poland
101-Taichung, Taiwan
102-Shanghai, China
103-Johor Bahru, Malaysia
104-Bandar Seri Begawan, Brunei
105-Tel Aviv, Israel
106-Muscat, Oman
107-Bucharest, Romania
108-Doha, Qatar
109-Brasilia, Brazil
110-Monterrey, Mexico
110-San Jose, Costa Rica
112-Noumea, New Caledonia
113-Nassau, Bahamas
114-Tunis, Tunisia
115-Asuncion, Paraguay
116-Sofia, Bulgaria
117-Rabat, Morocco
118-Rio de Janeiro, Brazil
119-Amman, Jordan
119-Beijing, China
121-Guangzhou, China
121-Quito, Ecuador
121-Sao Paulo, Brazil
124-Lima, Peru
125-Casablanca, Morocco
126-Kuwait City, Kuwait
127-Manaus, Brazil
128-Mexico City, Mexico
129-Bogota, Colombia
130-Windhoek, Namibia
131-Bangkok, Thailand
132-Colombo, Sri Lanka
133-Istanbul, Turkey
134-Manama, Bahrain
135-Manila, Philippines
136-Shenzhen, China
137-Chengdu, China
138-Belgrade, Serbia
139-Santo Domingo, Dominican Republic
140-Nanjing, China
141-Gaborone, Botswana
141-Xian, China
143-Jakarta, Indonesia
144-Hyderabad India
145-Pune, India
146-Bangalore, India
147-Chongqing, China
147-Port of Spain, Trinidad & Tobago
149-Qingdao, China
150-Lusaka, Zambia
151-Chennai, India
152-Ho Chi Minh City, Vietnam
153-Kingston, Jamaica
154-Mumbai, India
155-Guatemala City, Guatemala
156-Hanoi, Vietnam
157-La Paz, Bolivia
158-Shenyang, China
159-Sarajevo, Bosnia-Herzegovina
160-Kolkata, India
161-New Delhi, India
161-Skopje, Macedonia
163-Dakar, Senegal
164-Libreville, Gabon
165-Cairo, Egypt
166-Accra, Ghana
166-Riyadh, Saudi Arabia
168-Moscow, Russia
169-Jeddah, Saudi Arabia
170-Jilin, China
171-Vientiane, Laos, People's Dem. Republic of
172-Yerevan, Armenia
173-Kampala, Uganda
174-Kiev, Ukraine
174-Managua, Nicaragua
176-St. Petersburg, Russia
176-Tirana, Albania
178-Almaty, Kazakhstan
179-Blantyre, Malawi
180-Beirut, Lebanon
181-Cotonou, Benin
181-Maputo, Mozambique
183-San Salvador, El Salvador
184-Algiers, Algeria
185-Banjul, Gambia
186-Nairobi, Kenya
187-Tbilisi, Georgia
188-Tegucigalpa, Honduras
189-Caracas, Venezuela
189-Djibouti, Djibouti
189-Minsk, Belarus
192-Havana,Cuba
192-Kigali,Rwanda
194-Islamabad,Pakistan
194-Yaounde, Cameroon
196-Baku, Azerbaijan
196-Douala, Cameroon
198-Phnom Penh, Cambodia
199-Dar Es Salaam, Tanzania
199-Tehran, Iran
201-Luanda, Angola
202-Lahore, Pakistan
203-Yangon, Myanmar
204-Karachi, Pakistan
205-Tashkent, Uzbekistan
206-Lome, Togo
207-Bishkek,Kyrgyzstan
208-Abidjan, Côte D'Ivoire
209-Addis Ababa, Ethiopia
210-Harare, Zimbabwe
211-Ashkhabad, Turkmenistan
212-Lagos, Nigeria
213-Abuja, Nigeria
214-Dhaka, Bangladesh
215-Dushanbe, Tajikistan
216-Antananarivo, Madagascar
217-Ouagadougou, Burkina Faso
218-Tripoli, Libya
219-Niamey, Niger
220-Bamako, Mali
221-Nouakchott, Mauritania
222-Conakry, Guinea
223-Kinshasa, Democratic Rep. of the Congo
224-Brazzaville, Congo
225-Damascus, Syria
226-N'djamena, Chad
227-Khartoum, Sudan
228-Port au Prince, Haiti
229-Sana'a, Republic of Yeman
230-Bangui, Central African Republic
231-Baghdad, Iraq
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Last edited by ILM; March 20th, 2017 at 08:06 PM.
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Old March 20th, 2017, 02:06 PM   #3402
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well Penang wasn't in the list... penang and ipoh should have high rank
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Old March 20th, 2017, 07:02 PM   #3403
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Quote:
Originally Posted by FNNG View Post
well Penang wasn't in the list... penang and ipoh should have high rank
If Penang was in, I suspect Penang would rank higher than JB by these virtues:


GEORGE TOWN: Penang has been named among the Top 10 best places in the world to retire by travel magazine Condé Nast Traveller.

Penang, the only Asian country to make it into the list, came in second after Coronado, Panama.

The other eight places are Cascais, Portugal; San Miguel de Allende, Mexico; Killarney, Ireland; Corozal, Belize; Concord, California; Grand Haven, Michigan; Santa Fe, New Mexico; and Louisville, Kentucky.

A caption which accompanied Penang, written by Cynthia Drescher on Mar 3, read:

"Thanks to a government initiative named “Malaysia My Second Home” (MM2H), foreigners can now easily apply for a 10-year visa.

"Once you’re in, head to Penang for the best of the country’s culinary offerings, historic architecture, a thriving art scene, international-standard health care, and an English-speaking community of expats.

"Penang is itself an island (with beaches!), and the UNESCO World Heritage Site of George Town is its capital.

"Getting in and out is easy; the metropolises of Kuala Lumpur and Singapore, and the vacation island destination of Langkawi, are quick, cheap flights away."

Drescher had named Penang the second best city in the world for Americans to retire to, taking into account culture, access to health services, quality of life and community
.

http://www.nst.com.my/news/2016/03/1...s-world-retire


Of course this Condé Nast Traveller ranking is for retirees but the factors taken into consideration should not stray far from expats requirements, for these are Mercer's criteria:

*Consumer goods
*Economic environment
*Housing
*Medical and health considerations
*Natural environment
*Political and social environment
*Public services and transport
*Recreation
*Schools and education
*Socio-cultural environment

So Penang would probably score higher on most of these measures unless being close to Singapore rates a lot of points for JB.
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Old March 20th, 2017, 08:02 PM   #3404
ILM
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But I am surprised, why isn't Penang on the list? Probably they go by local authorities instead of the greater metropolitan area.

If it was, yup it should be the same rank or slighly higher than KL.

IMHO Ipoh still have a long way to go, but catching up with Penang/Malacca steadily.

I'm also surprised Kota Kinabalu isn't on the list. It's the most prominent city in East Malaysia big enough, has many expats, and a big tourist draw.
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Quote:
'Whenever I see Kuala Lumpur's skyline, it feels as if KL Tower & Petronas Towers are the King & Queen of the skyscrapers. The rest, their loyal subjects.'
Quote:
'You can marry 10, 20 times in your life, but you will only be called to the Bar once!'
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Old March 21st, 2017, 02:25 AM   #3405
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Quote:
Originally Posted by Kadzman View Post
If Penang was in, I suspect Penang would rank higher than JB by these virtues:


GEORGE TOWN: Penang has been named among the Top 10 best places in the world to retire by travel magazine Condé Nast Traveller.

Penang, the only Asian country to make it into the list, came in second after Coronado, Panama.

The other eight places are Cascais, Portugal; San Miguel de Allende, Mexico; Killarney, Ireland; Corozal, Belize; Concord, California; Grand Haven, Michigan; Santa Fe, New Mexico; and Louisville, Kentucky.

A caption which accompanied Penang, written by Cynthia Drescher on Mar 3, read:

"Thanks to a government initiative named “Malaysia My Second Home” (MM2H), foreigners can now easily apply for a 10-year visa.

"Once you’re in, head to Penang for the best of the country’s culinary offerings, historic architecture, a thriving art scene, international-standard health care, and an English-speaking community of expats.

"Penang is itself an island (with beaches!), and the UNESCO World Heritage Site of George Town is its capital.

"Getting in and out is easy; the metropolises of Kuala Lumpur and Singapore, and the vacation island destination of Langkawi, are quick, cheap flights away."

Drescher had named Penang the second best city in the world for Americans to retire to, taking into account culture, access to health services, quality of life and community
.

http://www.nst.com.my/news/2016/03/1...s-world-retire


Of course this Condé Nast Traveller ranking is for retirees but the factors taken into consideration should not stray far from expats requirements, for these are Mercer's criteria:

*Consumer goods
*Economic environment
*Housing
*Medical and health considerations
*Natural environment
*Political and social environment
*Public services and transport
*Recreation
*Schools and education
*Socio-cultural environment

So Penang would probably score higher on most of these measures unless being close to Singapore rates a lot of points for JB.
Obviously it goes to show which city is more important

There is Lisbon but no Cascais
There is Monterrey but no San Miguel de Allende
There is Dublin but no Killarney
There is San Fransisco but no Concord
There is Detroit but no Grand Haven

And there is Johor Bahru but no Penang

Maybe those who want Mercer to include Penang in the list next time can write a letters to them
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Old March 21st, 2017, 05:20 AM   #3406
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Challenges to persist for O&G companies
By ZARINA ZAKARIAH - March 21, 2017 @ 11:00am



Recent reports show that oil production from shale producers in the United States would increase next month. BLOOMBERG PIC

Quote:
KUALA LUMPUR: The worst is not over yet for oil and gas (O&G) companies as shale oil producers ramp up production and oil prices make a slow recovery.

Analysts and industry observers expect uncertainty to loom for the rest of the year as industry assumption remained at US$50 (RM221.50) a barrel.

Petroliam Nasional Bhd (Petronas) was more conservative, expecting an average of price of US$45 a barrel.

“We are maintaining our this year’s average Brent crude price at US$50 a barrel as we see more uncertainty with crude oil prices towards the downside bias,” said an analyst at MIDF Research.

Oil prices fell more than one per cent yesterday as investors made record cuts to bet on rising prices after strong drilling data from the United States fed concerns about the effectiveness of production cuts led by Organisation of the Petroleum Exporting Countries (Opec) to curb a supply glut, Reuters reported.

Benchmark Brent crude futures were down 60 cents at US$51.16 a barrel. The West Texas Intermediate crude futures were trading at US$0.71 lower to US$48.07 a barrel.

Shale oil seems to be picking up production, taking its cue from the more bearish crude oil prices despite short-term bounces, supply cuts and improved demand estimates.

With the evolution of shale oil technologies, shale oil production break-even price seems to be going even lower, paving the way for production to be increased as crude oil prices rally.

Recent reports showed that oil production from the US shale producers would increase next month, according to the United States Energy Information Administration (EIA).

“High market prices are supported by Opec cutbacks, and the higher profits are funding the growth of American firms’ drilling.

“The EIA report predicts that net oil production will increase by 109,000 barrels a day next month. The seven major oil and gas basins in the country would have an output of more than nearly five million barrels a day collectively,” it said.

Last week, Petronas decided on US$45 a barrel as its conservative estimate for this year as it prepares for another challenging year ahead.

A source close to the company said it had been requested to increase production in Iraq to 120,000 barrels a day compared to 100,000 barrels a day subject to both parties’ agreement. Iraq currently outputs about 4.3 million barrels a day.

As Opec’s second largest producer, Iraq is crucial to the success of the deal signed last November to prop up oil prices.

But Iraq has lagged behind other Opec members in its efforts to reduce output.

It agreed to cut production by 210,000 barrels a day from the October levels, requiring it to average an output level of 4.35 million barrels a day over the course of the six-month compliance period between January and June.

Meanwhile, the supply cut deal struck between Opec and other producers is now in doubt due to the cartel’s inability to ensure that everyone on board abide by the agreed production cuts.

Saudi Arabia is the only member that reduced output by more than the agreed numbers, according to Opec figures (130,000 barrels a day cut above its agreed production), while Russia is at almost at a third (118,000 barrels a day compared with the agreed 300,000 barrels a day).
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Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!

Last edited by nazrey; March 21st, 2017 at 05:26 AM.
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Old March 21st, 2017, 05:33 AM   #3407
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Moody’s: M'sian resilient economy should have robust growth of 4.3% in 2017 to 2018
Tuesday, 21 March 2017

Quote:
PETALING JAYA: A resilient economy continues to underpin Malaysia’s A3 issuer rating and stable outlook against structural fiscal challenges.

These challenges, Moody’s Investors Service said in an annual report to investors, include the deterioration in revenue as well as signs of weakening institutional strength.

Moody’s said the economy should achieve robust growth of 4.3% in 2017 to 2018 with continued current account surpluses. The report examines the sovereign credit profile for economic, institutional and fiscal strengths as well as susceptibility to event risk.

The rating agency said that the government has demonstrated a commitment to fiscal consolidation, with seven consecutive years (2010 to 2016) of narrowing fiscal deficits involving a curtailment of expenditure to offset the continued weakness in revenue generation.

“The country’s debt burden likely peaked in 2015, registering just under 55% of gross domestic product, although debt affordability has continued to worsen,” it added.

However, it noted that reform momentum has stalled and does not expect any significant change before the next elections due by May next year.

“Factors that could prompt a positive rating action include a greater convergence in government debt metrics with similarly rated peers, accompanied by improvements in debt affordability and a reduction in the fiscal deficit,” it pointed out.

Moody’s said a significant worsening in debt or fiscal accounts or an inability to manage the impact of external shocks on the real economy or the financial system could result in a negative rating action.

“The crystallisation of large contingent liabilities and an even greater deterioration in the balance of payments could also exert downward pressure on the rating,” it said.

On the external stability front, it said that the country’s foreign currency stability belies the currency and capital flow volatility. “Reserve adequacy has improved slightly, but is still comparatively worse relative to Malaysia’s A-rated peers,” it said.
Read more at http://www.thestar.com.my/business/b...v184xlCcvgq.99
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Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
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Old March 21st, 2017, 05:46 AM   #3408
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Malaysia’s economy has stabilised amidst falling government revenue
Monday, 20 March 2017 | MYT 2:45 PM
Quote:
KUALA LUMPUR: Malaysia’s A3 government bond rating and stable outlook suggests a resilient economy against structural fiscal challenges posed by the trend deterioration in revenue, as well as signs of weakening institutional strength, according to Moody’s Investors Service.

“We expect robust gross domestic product (GDP) growth of 4.3% on average in 2017-2018 and continued current account surpluses. The stability in foreign currency reserves belies currency and capital flow volatility. Reserve adequacy has improved slightly, but is still relatively low when compared with its A-rated peers,” Moody’s said in a report.

The report constitutes an annual update to investors and is not a rating action.

Moody’s pointed out that the Malaysian government had demonstrated its commitment to fiscal consolidation, with seven consecutive years (2010-2016) of narrowing fiscal deficits, involving a curtailment of expenditure to offset the continued weakness in revenue generation.

“The country’s debt burden likely peaked in 2015, registering just under 55% of GDP, although debt affordability has continued to worsen. Meanwhile, reform momentum has stalled and Moody’s does not expect any significant change before the next elections due by May 2018,” it added.

The rating agency said factors that could prompt a positive rating action include a greater convergence in government debt metrics with similarly rated peers, accompanied by improvements in debt affordability and a reduction in the fiscal deficit.

“Conversely, a negative rating action could result from a significant worsening in Malaysia’s debt dynamics or fiscal accounts, or an inability to manage the impact of external shocks on the real economy or the financial system.

“The crystallisation of large contingent liabilities and an even greater deterioration in the balance of payments could also exert downward pressure on the rating,” it said.
Read more at http://www.thestar.com.my/business/b...FeXQQ0RM0LL.99
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Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
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Old March 21st, 2017, 05:52 AM   #3409
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Credit Suisse: It’s time to invest in Malaysia
BY AFIQ ISA Saturday, 18 March 2017

Quote:
PETALING JAYA: Credit Suisse (CS) said it is now time for investors to put their funds into Malaysian stocks as current valuations indicate that local equities are poised for a strong recovery.

Malaysia has underperformed its peers in the emerging markets due to several reasons, among them being the downward pressure on the ringgit as well the selldown in heavyweight sectors such as banks.

But now, according to CS in an extensive report yesterday, while the 34% decline in Malaysian equities on a dollar-adjusted basis over the past 45 months was warranted, the market bottom may be close at hand.

Calling it as “the ultimate contrarian trade”, the research house outlined 10 reasons to be bullish (see table).

Among them is that Malaysia’s GDP growth may see further upside, thanks to a rebound in commodities. Additionally, the government may have more leeway to increase spending, given its conservative average crude oil price forecast of US$48 per barrel, CS said.

“We believe that the recent stability in the commodity complex we have witnessed the last of the downgrades to near term growth expectations.

“We now expect a pick-up in growth to 4.5% this year (above consensus expectations of 4.3%), driven by public infrastructure projects, commodity-related investments and a boost to rural income from the recovery in rubber prices,” it explained.



Another reason is on the improvement of earnings dynamics among Malaysian corporates. CS points out that at the sector level, the recovery in earnings revisions is led by the energy and mining space.

Additionally, among the larger sectors, consumer discretionary and staples have recovered sharply well into net positive territory with industrials and financials improving to at least neutral levels.

Another key catalyst for the markets is the attractiveness of the ringgit at present levels after significant devaluation.

Although Malaysia’s 15-year trend of a weaker ringgit in real effective exchange rate (REER) terms is justified by the steady erosion of its share of global exports, the 18% REER devaluation over the past three years appears severely overdone, given the relatively modest decline in export share over this period, CS noted.

One prominent beneficiary from the repair in the macro environment appears to be the banking sector, which is a heavyweight component for the FBM KLCI.

The research house said that private sector credit growth had just bounced off a 13-year low at 5.6% year-on-year in January compared to 4.2% in September last year.

“Encouragingly, deposit growth recovering back into positive territory should serve to moderate the pick-up in the loan-to-deposit ratio, which is currently at elevated levels which typically dampens credit extension,” it said.

In light of its market recommendation, CS has picked its top 10 stocks which offer superior dividends and free cashflow yields.

The companies are Malayan Banking Bhd, CIMB Group Holdings Bhd, Axiata Group Bhd, Kuala Lumpur Kepong Bhd, Astro Malaysia Holdings Bhd, British American Tobacco (M) Bhd, IJM Corp Bhd, Gamuda Bhd, Alliance Financial Group Bhd and Malakoff Corp Bhd.

To date, the FBM KLCI is already up by 6.3%. Yesterday saw the largest one-day turnover in stocks since May 2016 with total trading volume of 4.98 billion shares valued at RM5.04bil.
http://www.thestar.com.my/business/b...t-in-malaysia/
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Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
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Old March 21st, 2017, 07:00 AM   #3410
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Originally Posted by Brown_Eastern View Post
Obviously it goes to show which city is more important

There is Lisbon but no Cascais
There is Monterrey but no San Miguel de Allende
There is Dublin but no Killarney
There is San Fransisco but no Concord
There is Detroit but no Grand Haven

And there is Johor Bahru but no Penang

Maybe those who want Mercer to include Penang in the list next time can write a letters to them
Can you tell me why are you being facetious? The listed places like Cascals, Concord, Penang etc. are in that retirement survey because they have something extra that may be significant for retirees. If JB was not in the Best Retirement place survey is JB then less important than Penang in other areas? The discussion is about the perception if Penang was in the Mercer's list and based on some of the common measures factored by each survey. From many other similar surveys throughout the years Penang has consistently even beat KL in ranking. Does that make KL less important?

Here is a sample of another survey by:
https://www.eca-international.com/ne...y-rankings-for
Liveabilty Asia by kaaok, on Flickr

or this:

"GEORGE TOWN: The state capital has moved up a notch to become the eighth most liveable city in Asia in an international survey involving 254 cities.
The survey, which was carried out by ECA International, now puts George Town on par with Kuala Lumpur and Bangkok.
In a press release posted on its website www.eca-international.com, the survey also ranks Singapore as Asia’s most liveable city for the 11th consecutive year.
Three cities in Japan – Kobe, Yokohama and Tokyo – occupy the second, third and fourth placings.
Hong Kong is in fifth place, followed by Taipei and Macau.
The rating for the cities was based on an analysis of living standards, including climate, health services, housing and utilities, social network, leisure facilities, infrastructure, personal safety, political tension and air quality.
ECA International regional director for Asia Lee Quane also said the least liveable cities in Asia were Islamabad and Karachi in Pakistan, Pyongyang in North Korea and Kabul in Afghanistan.
George Town also moved up a spot in the ranking for the world’s most liveable cities at 62nd place.
Five Asian cities made it to the top 10 in the global ranking as the best places for Asians to live in – Singapore (1st), Kobe (3rd), Yokohama (4th), Tokyo (5th) and Hong Kong (8th).
ECA International is a membership organisation for international human resources professionals. It serves a global network of over 4,000 human resource professionals in 71 countries."

Read more at http://www.thestar.com.my/news/natio...PF8EqlrE4mU.99

Penang is ranked alongside KL, no JB. Are you going to ask those wondering where JB stands to write in too in this case?
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Old March 21st, 2017, 12:44 PM   #3411
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Because the arguments itself is funny in the first place, Mercer had conducted this surveys since as early as 2014 if I not mistaken, every year there is no Penang. Why no Penang in the list? Most probably Mercer think Penang is less important than JB. Why less important? Everybody can guess, but the definite answer is with Mercer
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Old March 23rd, 2017, 10:29 AM   #3412
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Malaysia to trump other countries
By RUPA DAMODARAN - March 21, 2017 @ 11:00am

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MOODY’S Investors Service expects Malaysia to grow faster than all other “A-rated” countries through 2020.

This was due to its well-developed infrastructure, substantial natural resources and the diversification and competitiveness of its economy, it said.

Malaysia’s large services sector and well-developed manufacturing base, especially in electronics, had helped to offset the terms of trade shock posed by the downturn in global prices for key commodity exports, Moody’s added.

Malaysia’s exposure to external demand as measured by the sum of exports and imports of goods and services, which nearly approached 130 per cent of the gross domestic product (GDP) last year, left it vulnerable to swings in global trade, it added.

Malaysia’s fiscal strength had weakened since a year ago due to lower revenue, which in turn affected the other fiscal metrics.

But despite its large debt burden, only 3.3 per cent of direct government debt was denominated in foreign currency at the end of last year, with most being syariah-compliant US dollar issues.

Malaysia is likely to achieve a robust growth of 4.3 per cent this year and next year, on the back of current account surpluses.

But the near-term outlook faces risks from a rise in trade protectionism and spillover from a slowdown in imports from China.

“Continued fiscal expenditure restraint and the potential impact of a weaker ringgit on business sentiment and imported inflation could weigh on domestic demand,” it warned.

On the other hand, commodity prices for petroleum, natural gas, and palm oil have become more supportive in recent months and could possibly foster exports, as well as accommodate greater fiscal spending.

Moody’s maintained its “A3” stable outlook on Malaysia, saying the resilient economy provided balance against structural fiscal challenges due to lower revenue.

It said the rating action could be positive if government debt metrics improved with a lower fiscal deficit to the GDP.

Moody’s expects to see some improvement in government debt to GDP ratio this year with fiscal consolidation efforts and economic growth.

It expects less currency volatility and some accumulation of foreign exchange reserves due to new foreign exchange administration rules by Bank Negara Malaysia.

“Nonetheless, Malaysia remains well-positioned with regard to other measures of its capacity to service external debt,” it said.
http://www.nst.com.my/news/2017/03/2...ther-countries
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Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
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Old March 23rd, 2017, 04:17 PM   #3413
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4 Must-Know Things About The Digital Free Trade Zone And Why It's A Big Deal For M'sians



On March 22, Prime Minister Datuk Seri Najib Tun Razak officially launched the Digital Free Trade Zone (DFTZ), the first e-hub in the world that is established together with the Alibaba Group and the Malaysia Digital Economy Corporation (MDEC). The launch was done at the second Global Transformation Forum hosted by the Malaysian government.

Who?

Malaysia Airlines (MAHB) will work with Cainiao Network, the logistics arm of e-commerce giant Alibaba Group to develop a regional e-commerce and logistics hub in the KLIA Aeropolis, the planned integrated airport city, as part of the DFTZ.

Catcha Group is made the master developer of the Kuala Lumpur Internet City (KLIC). The KLIC will be a component of the DFTZ, which aims to house at least 1,000 Internet related firms.

Maybank and CIMB will work with Ant Financial Services Group, Alibaba’s financial payments arm, to enable the Alipay mobile wallet in Malaysia.

What?

The DFTZ is the world’s first special trade zone that will promote the growth of e-commerce by providing a state-of-the-art platform for SMEs and enterprises to conduct the businesses and services.

This will be Alibaba’s first e-hub outside its home base in China. It’s meant to allow SMEs (small and medium enterprises) and “the younger generation” more access to global markets by lowering trade barriers.

It’s part of Jack Ma’s plan to build an Electronic World Trade Platform (eWTP).
It’s part of the National E-commerce Strategic Roadmap which aims to double Malaysia’s e-commerce growth from 10.8% to 20.8% by 2020.

Malaysia plans to formulate an attractive package for the DFTZ to encourage more people to join the country’s e-commerce sector.

Future plans include establishing an “independent satellite support service” which will complement the DFTZ facility.

Why?

Do Malaysians need to care about this?

Levelling up the playing field.

Where?

The DFTZ is divided into 2 main phases.

1st phase: Developing a regional e-commerce and logistics hub near KLIA.
2nd phase: Kuala Lumpur Internet City (KLIC)

The Future Of Malaysia’s Internet Economy...

https://vulcanpost.com/606229/malays...one-breakdown/
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Old March 24th, 2017, 12:15 AM   #3414
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This Jack Ma geek sure has a global vision... im starting to appreciate him the same as what i appreciated that Zukerberg(what ever the name should be spelled) geek
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Old March 24th, 2017, 03:08 AM   #3415
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This Jack Ma geek sure has a global vision... im starting to appreciate him the same as what i appreciated that Zukerberg(what ever the name should be spelled) geek
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Old March 24th, 2017, 02:17 PM   #3416
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Also Jack Ma bring 16 company owner, those 16 people contributed close to 43% of total global delivery. They all are excited about Malaysia project and willing to invest. Could foresee Malaysia becoming a global important logistic hub in future.
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Old March 24th, 2017, 02:41 PM   #3417
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UN released its 2016 Human Development Report today (HDR 2016) which measures countries' overall HDI in 2015. Malaysia's latest HDI now (2015 data) is 0.789, compared to 0.779 in 2014. An improvement of 0.010 point. We only need to gain 0.011 more to join the Very High HDI group.
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Old March 25th, 2017, 07:27 AM   #3418
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Originally Posted by nazrey View Post
Najib: Five catalysts to make 2017 ‘Year of Internet Economy’ for Malaysia
October 14, 2016, Friday
http://www.theborneopost.com/2016/10...-for-malaysia/



Najib signs a plaque to launch the National e-Commerce Strategic Roadmap as (from left) Datuk Seri
Hamzah Zainuddin, Domestic Trade, Cooperatives and Consumerism Minister; Datuk Seri Mustapa
Mohamed, International Trade and Industry Minister; Datuk Seri Dr Salleh Said Keruak, Communication
and Multimedia Minister and Datuk Dr Mohd Azhar Yahya, secretary-general of the Science,
Technology and Innovation Ministry, look on. — Bernama photo


PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak yesterday outlined five strategic catalysts to make 2017 ‘The Year of the Internet Economy’ for Malaysia.

The catalysts – physical microcosms, risk capital funding, connectivity, talent and regulatory framework – were keys to the agenda, he said.

“Digital revolution is upon us at lightning speed, so we must embrace and adapt to change,” he said at the closing of the 28th MSC Malaysia Implementation Council Meeting (ICM) here yesterday.

Najib, who is also ICM chairman, said of the five, the creation of physical microcosms catalyst stood out.

“It is a cluster, or community of digital hubs, where a new bread of Internet economy, mainly start-ups, scale-ups and small and medium enterprises connect, converge, share and create ideas,” he said.

Najib said even Malaysia Digital Economy Corp (MDEC) chief executive officer, Datuk Yasmin Mahmood, had clearly articulated the urgency to create these digital hubs to cater to the growing needs of these ‘born digital’ firms.

“The cool generation like hipster cafes and unconventional office space like warehouses. The ICM today endorsed the proposal to establish and promote ‘Malaysia Digital Hub’,” he said.

Under MDEC, Najib said, the digital economy’s contribution to the nation’s gross domestic product (GDP) had increased over the years.

“As a result of MDEC’s relentless commitment, Malaysia’s digital economy’s contribution to the GDP has already reached 17.8 per cent in 2015. We have almost hit the 18.2 per cent target which we set for 2020,” he added.

To-date, Najib said, MSC Malaysia had recorded RM304 billion in investments since its inception and created close to 160,000 jobs, a marked increase of 16 per cent from the previous year.

To encourage the setting up of these hubs, Najib had ensured a simpler and faster approval processes by introducing a new category under MSC Foreign Knowledge Worker, which will complement the establishment of the Malaysia Digital Hubs.

The new category, to be known as Tech Foreign Knowledge Entrepreneur, which will be approved by the Communications and Multimedia Ministry, would facilitate the entry of global entrepreneurs into Malaysia.

Najib said another catalyst to grow the nation’s Digital Economy was building the talent pool, which the ICM today endorsed the Human Resources Development Fund’s pool fund allocation.

The allocation would be used for Big Data Analytics (BDA) Talent Development and Empower Women Leadership through data science and information and communication technology (ICT).

At a separate event, Najib launched the National e-Commerce Strategic Roadmap.

It was reported that the roadmap was aimed at doubling the country’s e-commerce growth to 20.8 per cent by 2020 from the current 10.8 per cent. — Bernama
There's 'Digital Economy' policy from cabinet for a while before this and finally Chinese alibaba group investments made the policy work!
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Old March 25th, 2017, 07:30 AM   #3419
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http://www.nst.com.my/news/2016/09/1...decongest-port



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Old March 25th, 2017, 05:32 PM   #3420
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'Household debt on the decline'
By RUPA DAMODARAN - March 24, 2017 @ 11:00am

Quote:
HERE are the excerpts of the media briefing chaired by governor Datuk Muhammad Ibrahim at the central bank yesterday.

Liberalisation measures to allow local businesses to manage currency exposure

It is most important to ensure that the ringgit remains stable for businesses to transact their trade. Since the December 2 measures, the ringgit volatility has dropped by 50 per cent. It used to be 10 to 12 per cent but has now dropped to five to six per cent.

As we go further, the Finance Market Committee will introduce new measures, which can help businesses once we have discussions with the industry.

Household debt concerns

The level has dropped from 89.1 per cent to 88.4 per cent.

The Credit Counselling and Debt Management Agency counsels 10,000 to 12,000 people on a monthly basis, of which 2,000 to 3,000 have participated in the programme. More and more are becoming proactive at the early stages.

Four measures will help reduce household debt levels further — raise productivity and income, reduce unproductive debt, increase affordable housing and rental schemes and efficient allocation of affordable housing units.

Affordable housing

Most of the public discussions have converged on financing. But that is not true as access to financing has always been there.

Land and infrastructure form half of the cost of affordable houses and we need to reduce those components.

We are also concerned about high-rise condominiums, office space and overbuilding of shopping malls.

As far as exposure by the banking sector, it is not excessive as we have reminded them to be careful through supervisory intervention.

Future growth amid rising oil prices

We need new sources of growth as we move forward, improve productivity as well as quality of education.

It is important that we produce employment that pays at least a living wage for the 120,000 graduates who enter the job market every year.

From our research, it was found that a single person in Kuala Lumpur would need RM2,700 monthly, while a family of two adults would need RM4,600 and a young family of four would need RM6,500 monthly.

With migrant workers, we cannot churn good jobs. They also cause a huge outflow of remittances to the tune of RM30 billion last year. Even if foreign direct investments are lower, it is the quality which is important, providing a larger spillover. That is what we want.

Forex trading

Last month we imposed a RM1.4 million fine on banks for not reporting to us the behaviour of staff in rigging US dollar-ringgit.

We will be very strict. From January 1 next year, we will also announce the names of the banks penalised and the offences.

The 1992 forex loss investigations

We will give our full support to the task force. The first interaction was a week ago and they were given three months to complete the report.

All of us who are present here were not there at the time. We can only tell you what transpired at the time based on the documents.
http://www.nst.com.my/news/2017/03/2...d-debt-decline
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