28/02/2025

BIZ & FINANCE ˻ ͓͙ ˜ ͓͓͖͑

ħب‰ÐÛº j©´ç #>33>a >9 # >>1 ħ Malaysian Paper

14

OÛºåjç HÌ¿É‰ÌØç Û´´©Ð¨Ę ‰ç‰Ð K8Řěś Ðj´‰Ð ©º ŗŕŗŚ

ÛЩº‰ÐЉР’¿Ì‰Ð‰‰ ‰º€¿ÛÌj¢©º¢ ‰ºä©Ì¿º¹‰ºØ ©º JŖĚ ¨©‰’ OØjØ©ÐØ©€©jº 1&5"-*/( +":" #VTJOFTTFT BSF FYQFDUJOH B GBWPVSBCMF FOWJSPONFOU JO UIF GJSTU RVBSUFS PG VOEFSQJOOFE CZ B QPTJUJWF DPOGJEFODF JOEJDBUPS PG BT PQQPTFE UP JO UIF QSFWJPVT RVBSUFS TBJE $IJFG 4UBUJTUJDJBO .BMBZTJB %BUVL 4FSJ %S .PIE 6[JS .BIJEJO )F TBJE TFSWJDFT DPOTUSVDUJPO BOE JOEVTUSZ BSF UIF UISFF TFDUPST BOUJDJQBUFE UP IBWF CFUUFS CVTJOFTT DPOEJUJPOT JO UIF GJSTU RVBSUFS PG i5IF CVTJOFTT DPOGJEFODF GPS TFSWJDFT TFDUPS SFNBJOT PO B QPTJUJWF SFHJPO XJUI UIF DPOGJEFODF JOEJDBUPS JODSFBTJOH UP BT BHBJOTU JO UIF MBTU RVBSUFS 4JNVMU BOFPVTMZ TFOUJNFOUT XJUIJO DPOTUSVDUJPO TFDUPS VQUVSO UP B QPTJUJWF USBKFDUPSZ CZ QPTUJOH BT BHBJOTU ¦ JO UIF GPVSUI RVBSUFS PG w TBJE .PIE 6[JS .FBOXIJMF IF SFNBSLFE UIBU UIF JOEVTUSZ TFDUPS DPOUJOVFT UP CF PQUJNJTUJD BCPVU UIF CVTJOFTT QFSGPSNBODF XJUI B DPOGJEFODF JOEJDBUPS PG GPS UIF DPSSFTQPOEJOH RVBSUFS DPNQBSFE UP JO UIF GPVSUI RVBSUFS PG )PXFWFS CVTJOFTTFT XJUIJO UIF XIPMFTBMF BOE SFUBJM USBEF TFDUPS FYQFDU B QFTTJNJTUJD PVUMPPL XJUI B DPOGJEFODF JOEJDBUPS PG ¦ JO UIF GJSTU RVBSUFS PG BT PQQPTFE UP JO UIF MBTU RVBSUFS /POFUIFMFTT UIF SFUBJM USBEF TVC TFDUPS NBJOUBJOT B QPTJUJWF DPVSTF CZ SFDPSEJOH DPNQBSFE UP SFDPSEFE QSFWJPVTMZ -PPLJOH BIFBE UIF CVTJOFTT PVUMPPL GPS UIF GJSTU IBMG PG SFNBJOT VQCFBU EFTQJUF NPEFSBUJOH XJUI B OFU CBMBODF PG BT BHBJOTU SFDPSEFE QSFWJPVTMZ XJUI BMM TFDUPST SFHJTUFSJOH QPTJUJWFMZ FYDFQU UIF XIPMFTBMF BOE SFUBJM USBEF TIPXJOH OFVUSBM PQJOJPO 4FOUJNFOUT BNPOH UIF TFSWJDFT TFDUPS GPS UIF QFSJPE PG +BOVBSZ VOUJM +VOF SFNBJO QPTJUJWF XJUI B OFU CBMBODF PG UIF TBNF BT UIF QSFWJPVT RVBSUFS 5IF DPOTUSVDUJPO TFDUPS BMTP GPSFTFFT BO PQUJNJTUJD CVTJOFTT PVUMPPL XJUI B OFU CBMBODF PG GSPN GPS UIF TBNF QFSJPE O8 jº² ¨‰´ÉÐ ÉÛØ 8ĞЩjº ’©Ì¹Ð ¿º ¢´¿j´ ÐØj¢‰ ä©j $Û´’¿¿ ŗŕŗŚ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i5ISPVHI PVS FYQPSU BDDFMFSBUJPO NJTTJPO XF BSF FNQPXFSJOH MPDBM CVTJOFTTFT UISPVHI UIF CVTJOFTT FYQPSUT QSPHSBNNF BO JOJUJBUJWF VOEFS UIF .JOJTUSZ PG &OUSFQSFOFVS BOE $PPQFSBUJWFT %FWFMPQNFOU o UP UIJT QSFNJFS USBEF QMBUGPSN i-FE CZ 4.& #BOL JO DPMMBCPSBUJPO XJUI UIF .BMBZTJB &YUFSOBM 5SBEF %FWFMPQNFOU $PSQPSBUJPO UIJT JOJUJBUJWF TUSFOHUIFOT PVS .BMBZTJBO FOUSFQSFOFVST GPPUQSJOU JO JOUFS OBUJPOBM NBSLFUT PQFOJOH EPPST GPS HSFBUFS FYQPSU PQQPSUVOJUJFT w IF TBJE o #FSOBNB

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

MBVODIFT JO JODMVEF 4VOXBZ 4BLVSB 1IBTF BOE - -JOLFE )PVTFT $BUBMZUJD EFWFMPQNFOUT TFU GPS DPNQMFUJPO UIJT ZFBS JODMVEF 4VOXBZ $JSDVJU *TLBOEBS 1VUFSJ B LN NVMUJQVSQPTF USBDL DPNQMFNFOUFE CZ 4VOXBZ 1VUFSJ )JMMT BO VQTDBMF EJOJOH IVC BMPOHTJEF BO JOEPPS HPMG BOE BO VSCBO GBSN 5IFSF XJMM CF B 3. CJMMJPO 'SFF

1&5"-*/( +":" 4VOXBZ 1SPQFSUZ UIF QSPQFSUZ BSN PG 4VOXBZ (SPVQ JT UBSHFUJOH 3. CJMMJPO JO TBMFT GPS CVJMEJOH PO UIF 3. CJMMJPO BDIJFWFE JO XIJDI FYDFFEFE UIF HPBM PG 3. CJMMJPO 8JUI 3. CJMMJPO JO OFX MBVODIFT BOE 3. CJMMJPO JO VOCJMMFE TBMFT BT BU %FD UIF DPNQBOZ JT QPJTFE GPS DPOUJOVFE FYQBOTJPO BDSPTT .BMBZTJB BOE JOUFSOBUJPOBMMZ BT B NBTUFS DPNNVOJUZ EFWFMPQFS i8F XBOU UP EFMJWFS JNQBDUGVM WBMVF UP PVS DPNNVOJUJFT BOE TUBLFIPMEFST XIJMF TUBZJOH USVF UP PVS A8JUI :PV 'PS (FOFSBUJPOT CSBOE QSPNJTF #Z EFFQFOJOH PVS QSFTFODF JO 4JOHBQPSF BOE $IJOB BOE TFMFDUJWFMZ FOUFSJOH OFX NBSLFUT XF TPMJEJGZ PVS DPNNJUNFOU UP VSCBO USBOTGPSNBUJPO FOIBODF FDPOPNJD SFTJMJFODF BOE GVUVSF QSPPG UIF DJUJFT XF PQFSBUF JO "T 4VOXBZ (SPVQ FNCBSLT PO JUT OFYU ZFBST BOE CFZPOE XF XJMM DPOUJOVF UP CVJME PO PVS TUSPOH MFHBDZ BODIPSJOH PVSTFMWFT JO MPOH UFSN TVTUBJOBCMF HSPXUIu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ÜÙßÚ ÞÙ ÌßÓÖÎ ÙØ ÝÞÜÙØÑ ËÍÒÓÏàÏ×ÏØÞÝ ÓØ ͓͓͕͑ ˜ áÓÖÖ ÍÙØÞÓØßÏ ÞÙ ÏâÚËØÎ ËÍÜÙÝÝ ËÖËãÝÓË ËØÎ ÓØÞÏÜØËÞÓÙØËÖÖã

$PNNFSDJBM ;POF MPHJTUJDT IVC GFB UVSJOH JOUFHSBUFE XBSFIPVTFT VOEFS &RVBMCBTF 4VOXBZ ž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

Jř º‰Ø ÉÌ¿’©Ø пjÌÐ Ø¿ K8ŜŜŗ¹Ę ŖŖěŜŖ Љº ©ä© ‰º ‰€´j̉

1&5"-*/( +":" 4% (VUISJF #IE DIBMLFE VQ B OFU QSPGJU PG 3. NJMMJPO JO UIF GPVSUI RVBSUFS PG UIF GJOBODJBM ZFBS FOEFE %FD 2 CSJOHJOH JUT GVMM ZFBS OFU QSPGJU UP 3. CJMMJPO B JODSFBTF GSPN ': 0O B SFDVSSJOH CBTJT UIF HSPVQ T ': QSPGJU

QSFWJPVT MFWFMT ZJFMEFE QPTJUJWF SFTVMUT FOBCMJOH UIF HSPVQ UP DBQJUBMJTF PO TUSPOH DSVEF QBMN PJM QSJDFT $10 5IF HSPVQ T BWFSBHF SFBMJTFE $10 BOE QBMN LFSOFM 1, QSJDFT XFSF BOE IJHIFS :P: UP 3. QFS UPOOF BOE 3. QFS UPOOF SFTQFDUJWFMZ .JOBNBT 1MBOUBUJPOT BOE /FX #SJUBJO 1BMN 0JM BMTP QFSGPSNFE CFUUFS JO ': UIBO JO ': EFTQJUF

CFGPSF JOUFSFTU BOE UBY SFDVSSJOH 1#*5 TVSHFE ZFBS PO ZFBS :P: UP 3. CJMMJPO GSPN

UIF DIBMMFOHJOH PQFSBUJOH DPOEJ UJPOT 5IF HSPVQ T

3. CJMMJPO JO ': ESJWFO QSJ NBSJMZ CZ UIF TUSPOH QFSGPSNBODF PG JUT .BMBZTJBO VQTUSFBN CVTJOFTT

GPVSUI RVBSUFS OFU QSPGJU PG 3. NJMMJPO OFBSMZ RVBESVQMFE DPNQBSFE UP UIF QSFWJPVT DPSSFTQPOEJOH RVBSUFS 4% (VUISJF *OUFSOBUJPOBM UIF HSPVQ T EPXOTUSFBN TFHNFOU SFQPSUFE B 1#*5 PG 3. NJMMJPO GPS ': ESJWFO CZ TUSPOHFS QSPGJUT GSPN "TJB 1BDJGJD CVML PQFSBUJPOT

6QTUSFBN .BMBZTJB T SFDVSSJOH 1#*5 NPSF UIBO USJQMFE UP 3. NJMMJPO GSPN 3. NJMMJPO JO UIF QSFWJPVT ZFBS BT GPDVTFE FGGPSUT UP SFIBCJMJUBUF BOE SFTUPSF PQFSBUJPOT UP

Made with FlippingBook Online newsletter creator