Vanguard announces expense ratio reductions on more than 56 ETFs and mutual funds. See which funds are affected.
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Author: Thamin Abdul
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Expense ratio cuts on 56 Vanguard funds mean more savings for you
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How SECURE is your retirement?
Vanguard Government Relations’ Jerry Golden analyzes the impact the SECURE Act might have on investors.
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Never forget to take an RMD
Put your required minimum distribution (RMD) on autopilot with Vanguard’s free RMD service.
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Updated distribution estimates for Vanguard Managed Payout Fund
View dividend and capital gains distribution estimates for Vanguard Managed Payout Fund.
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What it’s like on the fixed income trading floor
See for yourself in this “Day in the life” interview with Vanguard Financial Analyst Andy Maack.
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Covid-19: 41 new cases reported, tally now 238
KUALA LUMPUR: A total of 41 new COVID-19 cases were reported as at noon today, bringing cumulative cases in the country to 238, Health Director-General Datuk Dr Noor Hisham Abdullah said.
He said all 41 new cases were linked to the tabligh religious gathering, and they involved 37 patient under investigation (PUI) cases while four more are close contact cases.
“To date, a total 203 cases are still being treated, with five in the intensive care unit (ICU) and requiring ventilator support. The five are also being given anti-viral treatment.
“Also, as of today, a total 1,321 samples from influenza-like-illnesses (ILI) and severe acute respiratory infections (SARI) have been tested at the Institute for Medical Research (IMR), all public health laboratories and hospitals. Of those, three samples tested positive for COVID-19,” he said in a statement, here today.
In another development, two earlier cases (case 35 and 61) have recovered and have been discharged from the Sungai Buloh hospital, he said.
This brings the number of recovered cases to 35 so far.
Dr Noor Hisham also advised the public to remain calm and not to spread inaccurate information with regard to the tabligh religious gathering that took place from Feb 28-March 1.
Also, to prevent risk of infection on those from the vulnerable communities and those prone to infection, especially the Orang Asli community, the Health Ministry (MOH) is advising organisations or groups who have plans to conduct activities with these communities to postpone them, he said.
Dr Noor Hisham said the ministry will continue to provide health services to rural communities through outreach activities.
“The ministry also welcomes any form of medical aid, contributions or collaborations from any party, including non-governmental organisations,” he said, adding that offers or inquiries can be submitted through the ministry’s email cprc@moh.gov.my.
Meanwhile in an updated statement issued at 7pm, the MOH said a total 4,942 participants from the tabligh event at the Sri Petaling mosque have been identified.
Of these, 3,069 reported themselves in at Health Clinics for examination and screening while another 137 were referred to hospitals.
“Only 1,634 of them experienced respiratory tract infection symptoms and samples were taken, while 2,932 of them were asked to undergo home surveillance for 14 days from the last day of the gathering. Investigations and tracking of the event participants is ongoing,” the statement read. — Bernama
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Special unit should be established to record lawmakers’ income, assets: Analyst
KUALA LUMPUR: The government has been urged to set up a special unit or agency to record and monitor income sources and assets of lawmakers including ministers and deputy ministers as well as members of parliament.
Political analyst Prof Datuk Dr Nasrudin Mohammed (pix) said that the proposal was to ensure information or data on assets owned by these individuals to be recorded holistically and in transparent manner with the objective of upholding integrity.
“Similar to other countries where they have a special agency which is an asset regulator or a register of interests that will record and monitor assets owned by certain individuals in transparent manner,” he said.
He said this when appearing as a guest in the programme Buletin Bernama on Bernama TV today.
Nasrudin, a lecturer at the Faculty of Administrative Science and Policy Studies, Universiti Teknologi Mara (UiTM) Shah Alam, said the Malaysian Anti-Corruption Commission’s (MACC) jurisdiction is to conduct enforcement and investigations on corruption, and not as an agency or entity to manage record of individuals’ assets.
He said currently the country does not have a specialised modules related to asset declaration for the purpose.
In order to establish a module or mechanism for asset declaration, it would take a while to formulate as various aspects have to be taken into account, he said.
He added that among the aspects that needed to be emphasised were the subjects (individuals involved), and those who have close relations to these individuals, should also be required to declare their assets, as practiced in developed countries.
“Even the types of assets also need to be recorded and clearly identified,” he added.
The United Nations Convention against Corruption (UNCAC) guidelines can be used as a guide for Malaysia to devise a special module on asset declaration, he said.
Nasruddin said the move (asset declaration) would strengthen the people’s confidence in the integrity of the leaders especially the ministers.
On Wednesday, Prime Minister Tan Sri Muhyiddin Yassin, at the first Cabinet meeting of the new government, ordered all Cabinet members to declare their assets and they were given a month to do so as part of government commitment to combat corruption. — Bernama
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Premier League ‘may not finish’, says FA chief
LONDON: Football Association chairman Greg Clarke has reportedly told the Premier League he does not believe the domestic football season will be completed because of the coronavirus pandemic.
The Premier League suspended all fixtures at an emergency meeting on Friday. Matches in the English Football League, FA Women’s Super League and Women’s Championship are also on hold.
“It was unanimously decided to suspend the Premier League with the intention of returning on April 4, subject to medical advice and conditions at the time,“ the Premier League said in a statement.
Clarke said at the meeting that he did not think it was feasible for the season to be completed, according to a report in the Times.
The virus is not expected to peak in Britain for many weeks, raising doubts over an early April re-start for the Premier League.
The Times said it is understood that Brighton and Hove Albion chief executive Paul Barber also questioned the brevity of the suspension.
Richard Masters, the Premier League chief executive, is reported to have said it would at least allow time to consider the potential consequences and debate the possible solutions.
The decision was taken after Arsenal manager Mikel Arteta and Chelsea winger Callum Hudson-Odoi tested positive for Covid-19.
Arteta welcomed the move to put the season on hold.
“Feeling better already,“ he tweeted. “We’re all facing a huge & unprecedented challenge. Everyone’s health is all that matters right now.”
Liverpool are 25 points clear at the top of the Premier League with nine games remaining, chasing their first English top-flight title for 30 years.
If results had gone their way this weekend they could have wrapped up the title at Everton on Monday but manager Jurgen Klopp said he supported the move to suspend football.
He said in a club statement: “If it’s a choice between football and the good of the wider society, it’s no contest. Really, it isn’t.”
Financial hit
Football clubs at all levels face enormous losses if the season is not completed.
One senior figure in broadcasting told the Times: “The commercial reality for the Premier League and (European governing body) UEFA is that if they don’t complete their seasons then they are in breach of their broadcasting contracts.
“You would have broadcasters from all around the world saying, ‘In that case we are not paying for the season.’ For the Premier League you are talking around £3 billion (RM15.75 billion) income a year from overseas and domestic TV rights. There would also be financial implications if the competitions were squeezed so fewer matches were played.”
Football finance expert Kieran Maguire told the BBC that clubs, especially in the lower divisions, would be hit hard by the disruption.
“I think many clubs are going to struggle significantly,“ he said. “Many clubs are surviving on a match-to-match basis and are reliant on the loyal few thousand turning up.
“We have to consider the staff at clubs, they are reliant on the income they get from football clubs to pay their own bills as well.”
The Premier League clubs are reportedly due to meet again next Thursday.
There are matches taking place on Saturday in the National League – the fifth tier of English football – but a number of games have been postponed, including the Yeovil v Barnet fixture.
“We currently have four staff that are showing symptoms of Covid-19 who are following government advice and self-isolating,“ Barnet said in a statement.
“As a consequence, we have taken measures to put all first-team staff into self-isolation.” — AFP
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Sarikei MP admitted to Sibu hospital as PUI for Covid-19
SIBU: Sarikei Member of Parliament Wong Ling Biu (pix) of DAP has been admitted to the Sibu Hospital as a patient under investigation (PUI) for Covid-19.
Sarawak Health Director Dr Chin Zin Hing, when contacted by Bernama, confirmed that Wong has been admitted to the hospital and was a PUI.
Wong is said to have attended several political meetings in Kuala Lumpur from Feb 29 until last week following the political upheaval that led to the collapse of the Pakatan Harapan government.
Meanwhile, it is learnt that the Sibu Hospital has set up three teams, comprising medical officers and staff, to operate an infectious disease ward, with each team to work a 12-hour shift per day, for any eventuality of positive Covid-19 cases.
They have been told to have their personal belongings packed and a new job roster has been arranged for them.
Deputy Sarawak Chief Minister Datuk Amar Douglas Uggah Embas, who is the State Disaster Management Committee chairman, is expected to visit the hospital tomorrow to see the preparations made by the hospital.
Apart from the Sibu Hospital, the Kemuyang Youth Camp, about 21km from here, has been identified as another centre for quarantine of Covid-19 patients.
Sibu Medical Officer Dr Teh Jo Hun, when contacted by Bernama, confirmed the matter, saying it was still at the planning stage.
He also confirmed that a thermal scanner had been installed at the Sibu Airport to check passengers arriving from outside of Sarawak.
“The thermal scanner was installed on Feb 16. We have three staff at a time to operate the scanner,” he said, adding that there are two teams working two shifts for the purpose until 9pm daily.
Sibu Airport manager Zainuddin Abu Nasir when contacted said Malaysia Airports Holdings Bhd had purchased two portable thermal scanners to check its employees.
Meanwhile, the Rector of Sacred Cathedral Reverend Father Philip Hu had urged the Catholics in Sibu to hold special prayer at 3pm daily to seek God’s mercy to end the pandemic and to pray for those who are ill with Covid-19. — Bernama
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Covid-19: Affected sectors to get electricity bill discounts
KUALA LUMPUR: Sectors affected by the Covid-19 outbreak will be given electricity bill discounts, said Energy and Natural Resources Minister Datuk Dr Shamsul Anuar Nasarah.
In a statement today, he said it was one of the measures that would be implemented under the 2020 Economic Stimulus Package announced in February.
“I will also ensure that the country’s electricity supply industry supports the government’s efforts to implement the economic stimulus package by accelerating the implementation of renewable energy projects as well as the development of the country’s electricity supply infrastructure,“ he said.
Meanwhile, Shamsul Anuar said his ministry was currently reviewing plans made in the energy sector to ensure that the initiatives were in line with the new government’s desire and policies.
He said the direction of the country’s power generation industry under the new government would also be announced after he received detailed input over the matter.
Shamsul said the agenda to boost renewable energy growth would also continue in line with the government’s aspirations under the Shared Prosperity Vision 2030. — Bernama
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