Nikkei Asia has some great articles geared towards Asian readers. Worth reading.

Nikkei Asia | Business Spotlight

Nvidia vs. the startups: AI chip challengers chase efficiency
Asia seen as strategic location for applications run by PCs, industrial devices

https://archive.ph/9I4qm

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Nikkei Asia | Transportation

China high-speed rail operator forced to hike fares as debt balloons
Rapid expansion leaves China Railway with $859bn in debt along with unused stations

https://archive.ph/EgQTq

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(Malaysia's Subang airport is featured here. Talks of WCT... politics... and cannibalization of KLIA traffic etc.)

Nikkei Asia | The Big Story

Southeast Asia's old air hubs are revving back to life
Region's airlines seek business travelers willing to pay up for convenience

https://archive.ph/NS47x

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Nikkei Asia | Opinion

China must decide whether to rein in exploitive 'Apple Tax'
Pushback by Tokyo and Seoul against tech group show Beijing the way forward

https://archive.ph/vK5Cz

Any Sinchew newspaper reader can help find the full text for this article?

https://vip.sinchew.com.my/huangzilun-wanyi...%99%8D%E6%81%AF

Makes for a good read. I just learnt a new Bloomberg terminal function: WIRP

FT Opinion Unhedged

Greedflation and groceries
Pricing revives a low growth industry

by Robert Armstrong

https://archive.ph/ey2Tu



Pretty good write up on some common misconceptions in corporate finance classes.

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For those interested in oncology drug research (especially Roche investors...)

FT Drugs research

Cracking cancer: a $1tn race for treatments is excluding some forms of the disease
The first in an FT series looking at the new energy behind the fight for cancer cures

https://archive.ph/XHP9Z

Interactive Brokers Introduces Access to Stocks on Bursa Malaysia

Automatic FX Conversion Available Between Account Base Currency and Malaysian Ringgit

August 27, 2024 10:00 AM Eastern Daylight Time

GREENWICH, Conn.--(BUSINESS WIRE)--Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced that its clients can trade stocks on Bursa Malaysia, one of the largest stock exchanges in Southeast Asia. With this launch, IBKR clients can trade Malaysian Ringgit (MYR) denominated equities and ETFs alongside global stocks, options, futures, currencies, bonds, funds, and more from a single unified platform. To streamline trading, Interactive Brokers will also coordinate the necessary forex trade using an automatic FX conversion between the base currency selected in a client’s account and the Malaysian Ringgit.

"Introducing stocks on the Bursa Malaysia allows our clients to add exposure to Malaysian equities with the benefit of having Interactive Brokers manage the cost associated with currency conversion.” - David Friedland, Head of APAC at Interactive Brokers

Bursa Malaysia Securities Berhad is Malaysia's sole stock exchange. With a market cap of USD 380 billion, it is comprised of 970 listed companies across industries, including financial services, manufacturing and oil and gas. Introducing Malaysian-denominated equities products expands the breadth of global investment products available on the Interactive Brokers platform and offers IBKR clients new investment opportunities across Malaysia’s economy.

To create a straightforward trading process, Interactive Brokers will facilitate trades with an automatic FX conversion between a client’s base currency and the Malaysian Ringgit using a conversion rate determined based on the prevailing foreign exchange market rates. This eliminates the need for pre-trade currency conversions and simplifies the trading experience for clients.

David Friedland, Head of APAC at Interactive Brokers, commented, “Interactive Brokers offers clients worldwide superior market and product access, allowing them to create diversified portfolios across geographies and asset classes. Introducing stocks on the Bursa Malaysia allows our clients to add exposure to Malaysian equities with the benefit of having Interactive Brokers manage the cost associated with currency conversion.”

Interactive Brokers offers unparalleled global market access, advanced technology, and competitive pricing, empowering self-directed individual and institutional investors. Clients of Interactive Brokers can trade on 150 markets and fund and trade accounts in up to 27 currencies, including the Malaysian Ringgit. In addition to stocks on the Bursa Malaysia, clients can trade Crude Palm Oil Futures (FCPO) and FTSE Bursa Malaysia KLCI Futures (FKLI), giving them a wide range of investment opportunities.

Source: BusinessWire

This post has been edited by Ziet Inv: Aug 29 2024, 10:01 AM

Wow IBKR coming to Malaysia!

Nice info there.

Best of all, can convert MYR to other currencies with low spreads lol

This post has been edited by TOS: Aug 29 2024, 10:03 AM

The day has finally come haha! (after many many years!!)

TOS I suspect ibkr won't introduce MYR as a base currency. You still have to deposit USD SGD

Hmm this we shall see. Who knows now that MYR is appreciating so much that BNM might be happy to be lenient to allow some "capital outflow" for some time

IBKR need license from BNM to allow deposits in MYR right?

I will check a little often on IBKR now. Update you guys soon.

thats good.. hopefully it is easier to open account now..

if myr account, will they disable options trading also?

Maniee27 wait for official details. My interpretation is, foreign us/sg customers can access our markets. Doesn't mean they setup shop for Malaysian customerswords in bracket mine

This post has been edited by Medufsaid: Aug 29 2024, 12:32 PM

dreams are crushed

either way its also additional liquidity entering the local market, i'd think its a win-win for everyone / existing IBKR user or not

you can trade FCPO and FKLI on IBKR now. later 9pm when BMDB T+1 trading session starts i see what screenshots i can take. (that or market data won't be ready indicating that IBKR not really ready yet)

--update--

seems like can only place order 24 hours after permission granted. too bad

This post has been edited by Medufsaid: Aug 30 2024, 01:29 AM

For those in who know him:

FT article on Eugene Fama

Lunch with the FT | Life & Arts

Economist Eugene Fama: ‘Efficient markets is a hypothesis. It’s not reality’
The giant of modern finance on the wisdom of crowds and locking horns with the investment industry

https://archive.ph/HkCnb

Really ? I thought can transfer the currency in both directions ?

Try it yourself and update us here

Haha means cannot, thought moneymatch can be like wise where we can transfer from both directions

i can enter GTC orders already for FKLI/FCPO (queued for a very low price just to see if order will go through).

you plan to trade soon? i last traded FKLI years ago and never looked back

This post has been edited by Medufsaid: Sep 1 2024, 08:44 AM

looking to short, but looks super bull recently

Is it solved now as usd bank details are not available