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Tag: Financial

  • PN govt faces difficult economic situation, says Saifuddin Nasution

    PN govt faces difficult economic situation, says Saifuddin Nasution

    PN govt faces difficult economic situation, says Saifuddin Nasution 1

    PETALING JAYA: The government may face an uphill task trying to recover the country’s economy due to the impact of the Covid-19 pandemic.

    Former Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution (pix) pointed out that the previous Pakatan Harapan administration had based the country’s 2020 Budget on the crude oil price of US$62 (RM269) per barrel.

    However, he noted that the global virus outbreak has caused oil price to plummet by half to around US$30 (RM130) per barrel.

    Saifuddin said this, coupled with the expected tax collection when the budget was announced in October, meant the government’s revenue could be far below than initially predicted.

    “Basing on the oil price alone, we could lose about RM10 billion in potential revenue. This does not yet include incomes from the various other sectors.

    “Based on my experience being in the Cabinet, I would say that the government’s financial situation now is very complicated,” he told a press conference that was streamed on Facebook today.

    Saifuddin was asked to comment if he believed the government has the financial strength to provide RM600 for up to six months to any Malaysian forced to go on unpaid leave due to Covid-19, as announced by Prime Minister Tan Sri Muhyiddin Yassin.

    The PKR secretary-general said the financial assistance would only make up a small portion of the government’s spending, reminding the current Perikatan Nasional (PN) administration that it still has debt commitments.

    “If they don’t pay according to schedule, it will affect our country’s position from various ratings agencies.

    “We may still be able to take up loans in the future, but then we will have to pay a higher interest rate,” he said.

    PN govt faces difficult economic situation, says Saifuddin Nasution
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    https://www.thesundaily.my/local/pn-govt-faces-difficult-economic-situation-says-saifuddin-nasution-BC2141164

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  • Navigating college savings—part 2

    Navigating college savings—part 2

    Feeling unsure about your college savings plans? Even the savviest of savers can become bewildered when considering college savings options. In part 2 of this 2-part podcast, Maria and Joel tackle this topic, discussing the different types of 529 plans and how to navigate financial aid, gift contributions, assets, and taxes.
    Navigating college savings—part 2
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    https://investornews.vanguard/navigating-college-savings-part-2/

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  • Webcast replay: How to choose the right investments for you

    Webcast replay: How to choose the right investments for you

    In this replay of a recent webcast, Kahlilah Dowe, a Certified Financial Planner™ professional with Vanguard Personal Advisor Services® and Kim Stockton, an investment research analyst with Vanguard, walk through the 4 steps financial advisors take when choosing investments for their clients.
    Webcast replay: How to choose the right investments for you
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    https://investornews.vanguard/how-to-choose-the-right-investments-for-you/

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  • Webcast replay: Year-end is approaching. What our advisors want you to know

    Webcast replay: Year-end is approaching. What our advisors want you to know

    In this webcast replay, senior financial advisors Jessica McBride and Chuck Riley explain their approach to helping Vanguard Personal Advisor Services® clients year-round and answer questions from viewers on topics such as market volatility, tax efficiency, charitable giving, and spending in retirement.
    Webcast replay: Year-end is approaching. What our advisors want you to know
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    https://investornews.vanguard/year-end-is-approaching-what-our-advisors-want-you-to-know/

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  • Behind our passion for advice: Better outcomes for everyone

    Behind our passion for advice: Better outcomes for everyone

    Vanguard CEO Tim Buckley explains how Vanguard is striving to improve investor outcomes with financial advice.
    Behind our passion for advice: Better outcomes for everyone
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    https://investornews.vanguard/behind-our-passion-for-advice-better-outcomes-for-everyone/

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  • Webcast replay: How to make retirement saving work for you

    Webcast replay: How to make retirement saving work for you

    In this replay of a recent webcast, Ashley Morris, a Certified Financial Planner™ professional with Vanguard Personal Advisor Services® and Mike DiJoseph, an investment strategist with Vanguard, talked about the things you can do to prepare for your best retirement.
    Webcast replay: How to make retirement saving work for you
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    https://investornews.vanguard/how-to-make-retirement-saving-work-for-you/

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  • Make better financial decisions despite volatility in the markets (or in your life)

    Make better financial decisions despite volatility in the markets (or in your life)

    Whether you’re worried about market volatility, personal expenses, or even your next career move, mindfulness practice can help.
    Make better financial decisions despite volatility in the markets (or in your life)
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    https://investornews.vanguard/make-better-financial-decisions-despite-volatility-in-the-markets-or-in-your-life/

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  • Preparing for the unexpected: Why spouses and partners should plan together

    Preparing for the unexpected: Why spouses and partners should plan together

    In this webcast replay, Vanguard’s Louisa Guthrie, Kevin Wick and Krysta DosSantos will discuss how to best approach wealth planning with your partner or spouse so you’re both prepared to execute your financial plan.
    Preparing for the unexpected: Why spouses and partners should plan together
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    https://investornews.vanguard/preparing-for-the-unexpected-why-spouses-and-partners-should-plan-together/

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  • What it’s like on the fixed income trading floor

    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.
    What it’s like on the fixed income trading floor
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    https://investornews.vanguard/what-its-like-on-the-fixed-income-trading-floor/

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  • Premier League ‘may not finish’, says FA chief

    Premier League ‘may not finish’, says FA chief

    Premier League ‘may not finish’, says FA chief 2

    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

    Premier League ‘may not finish’, says FA chief
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    https://www.thesundaily.my/sport/premier-league-may-not-finish-says-fa-chief-DC2127566

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