Investment

Listed SM Investments Corp. said it maintains “cautious optimism” but highlights the company’s readiness to begin with its planned expansions once restrictions are eased. “We maintain cautious optimism as we navigate through many uncertainties but when we can move with flexibility and less restrictions, we would proceed with the expansions in the pipeline,” SM President and Chief Executive Officer Frederic DyBuncio said during the company’s stockholders’ meeting on Wednesday. DyBuncio added that SM would continue to adapt to the changing needs of its customers and would continue to pursue innovation. In a separate statement, SM said it developed new retail delivery channels, widened its product range online through its e-commerce sites and introduced its call-to-deliver service amid the pandemic. Meanwhile, DyBuncio said to help with overall recovery efforts, SM will rollout its vaccination to their employees within the year once supply is available. “We will [also] continue ... » Learn More about SM Investments ready to expand anew

JAKARTA (The Jakarta Post/ANN): Newly appointed Investment Minister Bahlil Lahadalia has pledged to boost investment and spread it out across the archipelago by cutting red tape and regulating big businesses as the government seeks to revive the economy. Following his inauguration on Wednesday (April 28), Bahlil said that President Joko “Jokowi” Widodo had ordered the newly established ministry to, essentially, implement the Job Creation Law in attracting domestic and foreign investment. He said the ministry would promote investment in areas outside Java, simplify the permit procedures for micro, small and medium enterprises (MSMEs) and “mate” big businesses with MSMEs to foster economic growth on top of carrying out other red tape-cutting measures stipulated in the jobs law. “The President, noting the Job Creation Law, told us that holding back someone’s permit is like holding back the national economy, employment rates, state revenue and our ease-of-doing-business ranking, ” he ... » Learn More about New Indonesian minister pledges to cut red tape, boost investment

JAKARTA (The Straits Times/ANN): Indonesian President Joko Widodo on Wednesday (April 28) announced a new Investment Ministry and the merger of two other ministries, in an effort to enhance the ease of doing business in the country as it struggles to recover from the Covid-19 pandemic. The Cabinet reshuffle, the second in four months, will see an upgrade of the bureaucratic status of the state agency, the Investment Coordinating Board, or the BKPM, to a ministry. The current BKPM chief Bahlil Lahadalia has been appointed Investment Minister. The move will also see current Education and Culture Minister Nadiem Makarim taking on a larger portfolio, following the merger of his ministry and the Ministry of Research and Technology. The new ministry will be known as Ministry of Education, Culture, Research and Technology. Widodo, or Jokowi as he is better known, also appointed Indonesian Institute of Sciences head, Dr Laksana Tri Handoko, as the chief of the National Research Agency, ... » Learn More about Indonesia forms new Investment Ministry in Cabinet reshuffle

BEIJING - Chinese smartphone maker Xiaomi Corp will invest more than 50 billion yuan (S$9 billion) in artificial intelligence and fifth generation Internet technologies over the next five years, as competition in the sector grows. Xiaomi Chief Executive Lei Jun made the announcement in a letter posted on the company's social media account on Jan 2, but did not provide specific investment details. "We need to turn our continuous advantage we have in AIoT and intelligent life into absolute victory in intelligent full scene, and completely cement our king status in the smart era," Lei said, using the acronym for artificial intelligence of things, a reference to a combination of AI and Internet technologies. The announced investment increases Xiaomi's pledge made last year to invest 10 billion yuan over five years in an "All in AIoT" strategy. The Beijing-based company started as an affordable cellphone maker but its Internet-enabled products now include smart TVs and rice-cookers. ... » Learn More about Xiaomi to invest $9b in 5G, AI and IoT over next 5 years

Ark ETFs (exchange traded funds) have been gaining lots of interest globally, especially since 2020 and going into 2021. Given the state of the global economy right now, any investment vehicle that’s not likely to tank is worthy of interest. Due to digital disruption and, more recently, Covid-19, lots of businesses are being forced to rethink the way they make money, or risk being left behind. That’s where Ark Invest comes in — the company profits from disruption by investing in companies that are shaking things up for more conventional businesses. What is Ark Invest? Ark ETFs are Exchange Traded Funds from Ark Investment Management, a New York-based asset manager that manages disruption-themed ETFs, which seems appropriate for the time we live in. Ark invests in public companies that they see as “leaders, enablers and beneficiaries of disruptive innovation”. In other words, rather than look to traditional businesses with a proven track record of success, they are doing the ... » Learn More about Ark Invest: How to choose & buy Ark ETFs in Singapore

It’s probably no surprise to hear that one and two bedroom units in a new launch are always the first to sell out. You don’t even have to look too far for evidence on this either. To give you an example, recent new launches like Midtown Modern (90 per cent of one and two bedroom units sold at launch), Irwell Hill Residences sold over 50 per cent of its units (81 per cent of its units are one and two bedroom), and One-North Eden on the weekend – selling out its one and two bedroom units by 10am. Make no mistake, this could be down to developers understanding which unit type moves the fastest. So for most new launches today you’d see that majority of the unit types will be dedicated to the smaller one and two bedroom units. But there’s no question that much of it is all down to its low quantum, as these small units represent the lowest barrier of entry to those looking to get into property investment. In this article, we look at whether it’s worth jumping into old-school, ... » Learn More about Are 1-bedroom units a good investment?

My name is Winnie A. and I’m 27 years old now. This is my story of how I worked towards accumulating $100K in four years. Like most wide-eyed fresh graduates, I accepted a job with reasonable pay and expectations, with little regard for how my initial pay would affect my lifestyle or my subsequent salary. However, a few months into the workforce, I started to realise that the salary from my job wasn’t a perfect match for the lifestyle I wished to lead. This is how I began to look out for additional streams of income and started investing in 2016. It took me four years to achieve that coveted $100,000 – a few months before I turned 27. On choosing investing over other means of making money There’s an indisputable truth in making your money work for you while you sleep. I decided to do just that. Dividend investing seemed like an attractive concept, so I began my investing journey with the mandate of increasing my income with dividends. Quite frankly, I don’t think I am ... » Learn More about I’m 27 and I accumulated my first $100k by investing and saving over 4 years

Perhaps you’ve bought a property with a sibling or friend, instead of your spouse. Or maybe you have aspirations toward owning a second property later, under your spouse’s sole name. In these situations, it pays to be forward-looking: owning your property as tenants-in-common is sometimes the smarter choice. Here’s what you need to know about the two manners of holding: Caveat: This is a simplified explanation that shouldn’t be construed as actual legal advice. If you have concerns over your manner of holding, always consult a conveyancing lawyer; there are specifics and nuances to every case that could make them different. You can contact us , and we’ll put you in touch with the right professionals. When is the manner of holding decided? The question of joint tenancy versus tenancy-in-common applies when there is more than one owner of a property or land plot. Your chosen manner of holding must be made at the point of purchase, after which it’s lodged with the Singapore ... » Learn More about Investing in a property with a friend/family? Here’s how to choose between joint tenancy and tenancy-in-common

IPOH: A 28-year-old businessman in Hutan Melintang, near Teluk Intan, says he was cheated of over RM150,000 in a nonexistent investment deal. Hilir Perak OCPD ACP Ahmad Adnan Basri said on Friday (April 16) that the victim received a WhatsApp message from a person known as “Yong Min San” at about 7pm on March 29 about an online investment that offered 10% returns. “He then banked in RM500 into a bank account, and after 20 minutes he received RM550 in his account. "The following day he deposited another RM5,000, and once again got back RM5,532," ACP Ahmad Adnan said, adding that the victim then deposited larger amounts in stages into two different bank accounts after being convinced of the “good returns”. “On March 31, the victim deposited RM38,377, followed by RM76,000 between April 2 and April 12, to become a VIP account holder. “However, when he said he wanted his money back, a ‘customer service officer’ of the website told him that the amount was too much and he would be ... » Learn More about Businessman cheated of over RM150,000 in online investment scam

share this article bookmark article share on facebook share on twitter share on Linkedin share on whatsapp share on email Share this article Whatsapp Facebook Twitter Linkedin Share PREMIUM Jakarta   ● Tue, May 4 2021 Mutual fund investment app Bibit has raised US$65 million in funding to launch new products, develop its technology, acquire talent and expand financial literacy programs to benefit from the growing investment appetite of young Indonesians. The company wrote in a statement on Monday that the latest funding came from Sequoia Capital India, AC Ventures, East Ventures, Prosus Ventures, Tencent and Harvard Management Company. “Bibit is leveraging on technology to make investment accessible to everyone, including the inexperienced first-time investors. Therefore, we are seeing an accelerated interest from retail investors into the capital ... » Learn More about Mutual fund investment app Bibit raises $65m in latest funding round