When you hear someone compare index ETFs with traditional actively managed funds, it’s important to know the differences.
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Author: Thamin Abdul
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Are ETFs index funds?
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Commodities investing: Vanguard’s new way to diversify
Vanguard Commodity Strategy Fund can complement a well-balanced portfolio and offer a potential hedge against the effects of future inflation.
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Growing older doesn’t mean spending less
Vanguard Economist Jonathan Petersen: Older populations don’t spend less, they just spend differently.
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Planning to make a 529 withdrawal? Learn how to steer clear of common mistakes.
Tips to help you avoid common 529 plan withdrawal mistakes.
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Rebalancing: A sound strategy for limiting risk
Rebalancing helps control risk and keeps your investment plan on course.
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Police rescind requirement for interstate travel permit
KUALA LUMPUR: The special police permit requirement for interstate travel on the commencement of the partial lockdown on Wednesday was revoked late on Tuesday – just five hours after the order was issued by police.
The reversal of the order was announced by Inspector-General of Police Tan Sri Abdul Hamid Bador at about 11pm after a high number of police stations nationwide were filled to the brim with those planning to travel during the two-week lockdown period.
“The public is in the opinion that it can carry out movements if they obtain police approval. As a result of this, there was a large influx of them at police stations and bus stations although only those who meet certain conditions are given approval for any interstate travel. As an early step to overcome this, we are postponing this need to get a permit under the movement control order,” he said last night.
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Malaysia-Singapore working committee to be set up following movement control order
JOHOR BARU: A special working committee will be set up to formulate mitigation plan to address the issues of the movement of people, goods and services between Malaysia and Singapore, said Johor Mentri Besar Datuk Hasni Mohammad (pix).
He said following the latest development of the Covid-19 outbreak and the announcement of the Movement Control Order yesterday, Prime Minister Tan Sri Muhyiddin Yassin today agreed that the committee be set up.
“The committee will be jointly-chaired by Senior Minister of Defence Datuk Seri Ismail Sabri Yaakob, myself and a Singaporean cabinet representative,” he said in a statement today.
He said the committee would be tasked with formulating mitigation plan for managing common interests between Malaysia and Singapore, particularly in ensuring the smooth and safe movement of Malaysians working in Singapore.
Hasni said the committee would then present recommendations to the prime minister of both countries for further action.
He said the committee also would notify the progress of related issues from time to time. – Bernama
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Do not bring family to buy essential goods: NSC
PUTRAJAYA: There is no restriction on individuals going out to buy essential goods when the Movement Control Order comes into effect from March 18 to 31 throughout the country, but they are not allowed to bring their family members along.
National Security Council (NSC) Maritime Sovereignty Division director Roselin Rajab said the order was aimed at reducing the movement of people in public places in the effort to curb the spread of the Covid-19 infection.
“There is no problem if you want to buy daily necessities but do not bring the entire family and children for the chore. Just go out alone,” he told reporters after a special Covid-19 meeting between Communications and Multimedia Minister Datuk Saifuddin Abdullah and media editors, here today.
In terms of surveillance, Roselin said the authorities would be monitoring to ensure there is no assembly or gathering at public places.
“If we come across people meeting in a place, they will be told to return home,” he said.
On transit flights at the country’s airports, Roselin said these passengers would not be allowed to come out of the terminal.
“As they are on transit, the passengers would not be allowed come out of the terminal. This is because, they have not entered the country so long as they do not pass the Immigration checkpoint,” he said.
The Movement Control Order was announced by Prime Minister Tan Sri Muhyiddin Yassin on Monday to prevent the virus from infecting more people. – Bernama
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Chief Secretary apologises over Covid-19 meeting invitation error
KUALA LUMPUR: Chief Secretary to the Government Datuk Seri Mohd Zuki Ali today apologised for an error pertaining to invitations for the Special Meeting of Mentris Besar and Chief Ministers to address the Covid-19 outbreak.
In a statement, Mohd Zuki on behalf of the secretariat of the meeting apologised over the misunderstanding with regard to invitations only being sent to Mentris Besar and Chief Ministers from parties that were part of the federal government coalition.
“For the states of Penang, Kedah, Selangor, Negeri Sembilan and Sabah, only State Development directors were invited to attend,“ he said.
He said that Prime Minister Tan Sri Muhyiddin Yassin had instructed for all Mentris Besar and Chief Ministers to be invited to the special meeting held in Putrajaya today, without any exceptions.
“It’s stressed once again, that the Prime Minister takes this matter seriously and expressed his clear intention to cooperate with all State Governments irrespective of political affiliations, especially on matters of national interest such as the Coronavirus (Covid-19) outbreak,“ he added.
Zuki said Muhyiddin had also issued an order for all Mentris Besar and Chief Ministers to be invited to attend the special meetings on Covid-19 in the future. – Bernama
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Sabah issues temporary immigration ban on non-Sabahans
KOTA KINABALU: The Sabah government has announced an immigration order preventing the entry of non-Sabahans into the state, to be implemented throughout the 14-day period of the Movement Control Order announced by the federal government last night, and which takes effect tomorrow.
Chief Minister Datuk Seri Mohd Shafie Apdal (pix) said the ban of all non-Sabahans through entry points for air, sea and land travellers, would apply except in reference to individuals approved by the state government and who have received certification from health authorities that they are free of Covid-19.
“The ban on the entry of all foreign tourists and visitors to Sabah is also in effect, along with a ban on overseas travel for all Sabahans. Those who have just returned from overseas are required to undergo health screening, as well as self-isolation for a 14-day period,” he said, in a media statement issued today.
Also to take effect is a complete state-wide ban on public gatherings including religious, sporting, social and cultural activities.
“In order for this ban to take effect, all places of worship and business premies must close except for supermarkets, public markets, groceries, and convenience stores which sell essential items,” he said.
Mohd Shafie said all government premises will also be closed except those providing essential services.
On March 12, the state government had activated the State Disaster Management Committee headed by the State Secretary.
“District-level disaster management committees have also been activated and are chaired by the district officers,” he added. – Bernama
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