Malaysian day traders hype up glove makers
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Online movement inspired by GameStop mania in US as retail investors flex muscle
published : 30 Jan 2021 at 14:32
3 A worker inspects gloves at a Top Glove factory in Shah Alam, Malaysia. (Reuters File Photo)
KUALA LUMPUR: The manic ride in GameStop Corp sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers one of Asia’s hottest pandemic trades in 2020.
The online community by the name of Bursabets was created on Thursday and already boasted more than 9,400 members as of Saturday afternoon. Its moderators have defined it as the “Malaysian version” of the WallStreetBets forum on Reddit, with a focus on stocks listed on Bursa Malaysia.
Traditional markets to support SET s new project Traditional markets to support SET s new project
As the Stock Exchange of Thailand gears up for a digital asset exchange, traditional markets will provide vital support
published : 30 Jan 2021 at 04:00 Pakorn Peetathawatchai, president of the Stock Exchange of Thailand.
SET Group, the organisation operating the Stock Exchange of Thailand and other local bourses, has ambitious plans for the digital future of finance by making considerable structural changes in preparation for the launch of its own digital asset exchange.
The group is splitting into two parts: one managing the traditional exchanges like the SET and Market for Alternative Investment (MAI), while the other will be devoted wholly to the digital exchange projected to launch this year.
28 01 2021
An op-ed at both Asia Sentinel and Eurasia Review, titled “Hierarchy, Power And Inequality In Thailand,” and published a few days ago, there’s a useful, short account of the country’s oligarchy. We reproduce the interesting bits:
Although Thailand is one of the region’s wealthiest states and has been cited as a success story of modernization and development, the gap between rich and poor is widening. Thailand is placed in the world’s top inequitable countries, in terms of wealth and income distribution.
According to a recent Credit Suisse study,
one percent of the population holds 66.9 percent of the nation’s wealth, with 36 percent of equity held by only 500 people. According to the World Bank, poverty has grown from 7.21 percent in 2015 to 9.85 percent in 2018.
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