FT 050523: https://drive.google.com/file/d/1rs0UlbzPN7...?usp=share_link

For legal practitioners:

FT Innovative Lawyers Asia-Pacific 2023: https://drive.google.com/file/d/1RiHOdBVNFR...?usp=share_link

FT Weekend 06-070523: https://drive.google.com/file/d/1cP4yOFxZR9...?usp=share_link

FT Life & Arts Part 1: https://drive.google.com/file/d/11WsWn4-vMb...?usp=share_link

FT Life & Arts Part 2: https://drive.google.com/file/d/1ISLvPWn5p6...?usp=share_link

FT House & Home: https://drive.google.com/file/d/1hdjey68I1g...?usp=share_link

--------------

Berkshire Hathaway reporting results this evening (8 pm GMT+8).

AGM Webcast on CNBC will begin on 9.45 pm GMT+8. Watch live at https://www.cnbc.com/brklive/.

Enjoy your weekend.

This post has been edited by TOS: May 6 2023, 01:12 PM

BRK results released:

10-Q: https://www.berkshirehathaway.com/qtrly/1stqtr23.pdf

Press release: https://www.berkshirehathaway.com/news/may0623.pdf

------------------------

Interestingly, BRK's AGM is a children/family-friendly event.

WSJ FINANCE

Berkshire’s Youngest Shareholders Vie for Chance to Question Warren Buffett
At least one child is usually selected to ask the storied investor a question during the annual meeting

https://www.wsj.com/articles/berkshires-you...share_permalink

FT 080523: https://drive.google.com/file/d/1ezYYDeXJTl...?usp=share_link

FT 090523: https://drive.google.com/file/d/1bRj6fBXkfd...?usp=share_link

What's behind Exxon's green makeover?

FT Big Read. Oil & Gas: Exxon's turnaround on clean energy.



FT Lex.



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Air Products and Chemicals reporting US premarket today: https://investors.airproducts.com/earnings

This post has been edited by TOS: May 9 2023, 10:50 AM

IBKR is now trying to act like a market maker...

For Japanese stock investors (or prospective investors):

https://finance.mingpao.com/fin/instantf/20...%b2%be%e7%a5%9e

(香港明报 article in traditional Chinese characters)

I immediately suspect the bolded part.

I have emailed my derivative professor on the pros and cons on having your broker becoming your order counterparty at the same time. Will update you later when he replies me.

They claim they must provide "best execution" oooo...

If there is a lower price, "best execution" would mean they fulfill our limit buy order first directly instead of grabbing it then reselling it to us, no?

I hope this is the case. I can't find any loopholes in the logic of offering this service to customer, so I emailed my prof and see if he can spot anything up IBKR's sleeve.

FT 100523: https://drive.google.com/file/d/1nH-w-5amOd...?usp=share_link

My derivative prof told us that CDS market is one of the most manipulated derivative markets. Indeed, there's one new evidence:

https://finance.mingpao.com/fin/instantf/20...%9b%a0%e7%b4%a0

https://www.bloomberg.com/news/articles/202...tential-trigger

FT 110523: https://drive.google.com/file/d/106h64zhfiK...?usp=share_link

In a landmark decision judgement handled last month by the Singapore High Court, shareholders who hold shares via nominee brokerage accounts (like IBKR, Moomoo, TIGR etc., not CDP account) though considered as beneficial owners of your company, are not considered as "members" based on provisions in the Companies Act and the Securities Futures Act of Singapore.

A "member" as defined under the CA, is "a person listed in the register of members kept by a public company". Provisions under the SFA set out that only those who directly hold an account with the Central Depository are deemed members (not sub-account holders aka. those nominee brokerage accounts).

Nominee account holders will lose many rights granted by the CA and SFA which is otherwise granted to "members", such as the right to requisition a meeting etc.

In Singapore, the term "member" and "shareholder" are distinct (based on the High Court judgement), even though they are often used interchangeably. It's important that IBKR holders who own SG shares/REITs understand such legal definition in the event of crisis requiring shareholder actions.

Sourced from BT 100523 (see SGX counters thread for full news report in the first 2 pages of the newspaper).

FT 120523: https://drive.google.com/file/d/174LnIJJ1EW...?usp=share_link

FT Special Report: Watches & Jewellery

https://drive.google.com/file/d/1ybqBUsPZ8X...?usp=share_link

This question was asked not long ago, response can be found here: https://forum.lowyat.net/index.php?showtopi...ost&p=107109943

-------------------------

I tested with withdrawal back to Malaysia using TT method and indeed IBKR can't automatically determine the correct correspondent bank. You may want to contact the HQ of local banks directly for better info instead of calling local bank branches.

Alternatively, why not use fintech to remit money or use SG bank as a middleman? Fees are cheaper and IBKR can automatically detect SG receiving banks' correspondent (including CIMB SG, whose correspondent bank is BNY Mellon and Maybank SG, correspondent bank: JPM Chase N.A.).

This post has been edited by TOS: May 12 2023, 02:55 PM

This I have never tested before, don't have local MCA account either. But I know dwRK and others have local MCA account and Wise. Maybe they can share their experience?

Fintech as in MYR <-> SGD I would say Sunway Money has the best offer in town. Large transfer spread is around 30-40 basis points vs interbank market. Smaller ones still around 50bps if memory serves. Wise used to be the winner but now their spread has almost doubled to 70bps vs interbank rates.

Fintech as in MYR <-> USD I am aware of DBS Remit if you have DBS account in SG. Can send USD direct from DBS account to recipient without conversion. Otherwise will need to use Wise.

(Local) RHB MCA account also has spreads that are better than Wise. You may consider that too.

First name: Ming Ban, Vincent

Last name: Tan

(That's the name format I use when opening IBKR, it's best to drop the Christian name if it's not legally part of your name in your IC/passport.)
-----------------------------

For PwC accountants and consultants: You firm makes it to the front page of FT... due to Australia tax scandal...

FT Weekend 13-140523: https://drive.google.com/file/d/1dyBZZ_w23i...?usp=share_link

FT Life & Arts Part 1: https://drive.google.com/file/d/115ZUpllR29...?usp=share_link

FT Life & Arts Part 2: https://drive.google.com/file/d/1ANLXGP_w4B...?usp=share_link

FT House & Home: https://drive.google.com/file/d/1VH2QRSih-C...?usp=share_link

FT Collecting: https://drive.google.com/file/d/1w6LVDvK5x3...?usp=share_link

This post has been edited by TOS: May 13 2023, 04:29 PM

FT 150523: https://drive.google.com/file/d/1RaGDelUggz...?usp=share_link

FT Special Report: Risk Management for Financial Institutions

https://drive.google.com/file/d/1u4gb55S-aU...?usp=share_link

FT 160523: https://drive.google.com/file/d/1TbYJ-KdVQ9...?usp=share_link

FT 170523: https://drive.google.com/file/d/1eCKu41gl4M...?usp=share_link