KLCI Up Closing at 1,681.90
- Foreign investors fled earlier
- Main gains Financials sector (Biggest gain Maybank) & Petronas Chemicals
- MYR strengthened to 3.4865 from 3.4896
- http://www.thestar.com.my/Business/Business-News/2014/12/17/klci-closes-up/?style=biz
Gold Steadies at US$1200 / ounce
- If US interest rates hike up in 2015 (as US economy gathers strength) gold prices may drop
- If Russia sells gold to raise funds, gold prices may drop
- http://www.thestar.com.my/Business/Business-News/2014/12/17/Gold-holds-below-US$1200-ahead-of-Fed/?style=biz
10 Year Gold History
GST Imposed on Penang Bridges
- Originally exempted but latest customs update showing exemption
- 6% GST starting 2015 April
- Penang appealing for removal
- Update: Proven false: all bridges & tolls exempt from GST
- http://www.themalaysianinsider.com/malaysia/article/putrajaya-imposes-gst-on-bridges-but-penang-wants-exemption
Hoax: New RM50 & RM100 Notes
- False news spread via social media
- RM50 note from SUKMA ’98
- RM100 note fake
- http://www.therakyatpost.com/news/2014/12/17/pictures-showing-new-rm50-rm100-notes-making-rounds-social-media/
Penang to be Officially a City
- MPPP > MBPP (dropping the ‘per’)
- George Town granted city status by QE2 in Jan 1957 but not recognised by Putrajaya until now
- Awaiting final approval from Agong
- http://www.therakyatpost.com/news/2014/12/17/penang-finally-accorded-city-status/
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