PETALING JAYA: Foreign flows into the local bond market returned to positive territory in May amid foreign investors’ flight-to-safety demand and Bank Negara’s hawkish pivot. Nevertheless, the magnitude was only a meager RM531mil, which did not completely offset the relative net foreign outflows of RM2.2bil in April. Total cumulative foreign holdings in the local bond market grew to RM911.1mil for the first five months of 2022, following the net foreign inflows. Notwithstanding this, they were significantly lower than the cumulative net foreign inflows of RM25bil from January to May 2021, according to MARC Ratings Bhd. Total Malaysian Government Securities/Government Investment Issues (MGS and GII) outstanding expanded by 11.1% year-on-year (y-o-y) to RM947.3bil in May 2022 as there was no redemption of government bonds recorded. This is notwithstanding the reduced issuances in both the MGS (May: RM4.5bil; April: RM10bil) and GII (May: RM8bil; April: RM9.5bil) segments during … [Read more...] about Foreign flows into local bond market returns to positive territory
Kibana significant terms vs terms
MC Explains | Will RBI let the rupee adjust to new lows?
In May, the employee was paid Rs 1.42 crore (165,398,851 Chilean pesos) instead of his salary of Rs 43,000 (500,000 pesos). (Representative Image) The rupee touched a record low, sliding near 79 to a dollar, on June 29 as foreign investors continued selling local equities and crude oil prices rose. Experts say the sharp fall of the rupee can be attributed to the strength of the greenback and lower forward premiums, among others. Moneycontrol explains the reasons for the rupee’s depreciation. How much did the rupee depreciate? The rupee opened at 78.85 per dollar and slid to 78.95, an all-time high, during intra-day trade on Wednesday. On a weekly basis, the currency has depreciated 1.2 percent. Close Why is the rupee in a free fall? Central banks led by the US Federal Reserve tightening interest rates globally, increases in crude oil and commodity prices, lower forward premiums and weakening forex reserves are some of the reasons experts cite for … [Read more...] about MC Explains | Will RBI let the rupee adjust to new lows?
Matchesfashion.com’s Series Of Physical Activations Are Paying Off In The U.S.
Share to Twitter Share to Linkedin Inside the Matchesfashion.com space at Frieze New York. Jason Jean/Courtesy of MATCHESFASHION.COM In September 2018, Matchesfashion .com opened its doors to a new retail concept spanning five floors of a townhouse in London's Mayfair district. The store was designed to be a permanent home for the luxury e-commerce retailer's "In Residence" programs, where a constantly rotating schedule of events, trunk shows, dinners, and live-streamed discussions could take place year-round. The year before, it tested this concept through a series of residencies across various cities (New York, Los Angeles, Paris, etc.) where it showcased an edit of looks for the season as well as conversations that were live-streamed to the site. Customers could RSVP online and attend these activations to experience the brand for themselves. The strategy appears to be paying off for the retailer, particularly in the U.S., which is … [Read more...] about Matchesfashion.com’s Series Of Physical Activations Are Paying Off In The U.S.
Tesla’s US$350 bil first-half wipeout opens door for the brave
- A + A NEW YORK (June 30): Tesla Inc fans are hard to shake. The electric-vehicle maker’s stock is set to post its worst first half ever with a 35% plunge that eclipses the S&P 500 Index’s 20% decline. But rather than the selloff dimming Tesla’s allure to Wall Street, analysts and investors say wiping out US$350 billion in market value presents a buying opportunity. “Six months ago Tesla was priced for perfection, but now it looks like a very attractive entry point for long-term investors,” said Robert Schein, chief investment officer at Blanke Schein Wealth Management. The Elon Musk-led company is struggling with supply-chain shortages and soaring raw-material costs, like the rest of the auto industry. Then there’s the specter of a slowing global economy, which is troubling to companies like Tesla that need growth. “Tesla is not immune to everything that is going on in the macro,” said Gene Munster, a former technology analyst who’s now a managing partner … [Read more...] about Tesla’s US$350 bil first-half wipeout opens door for the brave
Indian corporates brace for delay in receivables, defaults as Russian rouble tanks
Indian corporates may face an elongated receivable cycle, or even default on payments by Russian importers due to the sharp fall in Russian Rouble , bankers said. The Russian Rouble fell nearly 30% on Monday against the US dollar after the country’s premier Vladimir Putin on Sunday ordered his nuclear forces to be on high alert in view of the evolving Russia-Ukraine conflict . Separately, in view of the steep depreciation of its currency, the Bank of Russia on Monday decided to increase the key rate to 20% per annum from 9.50%, the sharpest rate hike since 2014, to compensate for the increased depreciation and inflation risks. “This is needed to support financial and price stability and protect the savings of citizens from depreciation,” the central bank said. Indian companies have a significant presence in Russia. As per data by Indian embassy in Russia, bilateral trade between the two countries between April 2020-March 2021 amounted to $8.1 billion. Indian exports … [Read more...] about Indian corporates brace for delay in receivables, defaults as Russian rouble tanks