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what a non action day !! boring
Kurnia ( Date: 21-Aug-2024 14:33) Posted:
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Wonder if the mervyn update everyone when serge is back home..
SgYuan ( Date: 21-Aug-2024 14:13) Posted:
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SGX Penny Stocks (EW Charts by sgYuan):
yoma 1h
wa up 61.8 100 px hit 102
wb dn
SgYuan:
yoma 1h
wb dn 61.8 91
px hit dn 38.2 95
if hold wc up 109
yoma 1h
wa up 61.8 100 px hit 102
wb dn
SgYuan:
yoma 1h
wb dn 61.8 91
px hit dn 38.2 95
if hold wc up 109
yes so junta wont hold for long also...what for... nothing political serge.
Entropy72 ( Date: 21-Aug-2024 12:43) Posted:
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Delusional. Risky to hold on for long.
Kurnia ( Date: 21-Aug-2024 12:38) Posted:
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think by end of august... 3 month anniversary, serge pun should have completed his assistance to the junta and can deng chu liao.
Stocky901 ( Date: 21-Aug-2024 11:00) Posted:
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More like fake news and or scam. Not even consider a rumour.
Stocky901 ( Date: 21-Aug-2024 11:00) Posted:
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110 otw after all rumours clarified. 👍
At least there is no panic shit with fake news.
Grubber ( Date: 21-Aug-2024 09:15) Posted:
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sound good already )
Grubber ( Date: 21-Aug-2024 09:15) Posted:
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if u notice they always slow start
Kurnia ( Date: 21-Aug-2024 09:07) Posted:
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ok.. a slow... day and no impact
Kurnia ( Date: 21-Aug-2024 08:11) Posted:
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Wonder if there is any distruptive trade today due to Irrawady Yoma action news. Funny just no more info but just repeat Yoma action.
Prove more that their claim are fakes.
Prove more that their claim are fakes.
Kurnia ( Date: 20-Aug-2024 20:58) Posted:
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Please don' t tell us the control is due to serge and or Yoma fault other than it is the general market situation.
Entropy72 ( Date: 21-Aug-2024 00:01) Posted:
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How does any legitimate company grow profit in such challenging macro environment in Myanmar? Traders won?t care (flip flop their positions within days) but investors should understand the reality with eyes wide open.
Source: Nikkei Asia
Myanmar's growing price controls deepen economic woes
Response to inflation and weakening kyat backfires as private sector pulls back
Nikkei staff writers
August 20, 2024 06:25 JST
BANGKOK/YANGON ? Myanmar?s military regime is introducing tougher price controls for daily necessities in a bid to curb rampant inflation, yet its heavy state involvement reminiscent of socialism is driving down the currency further and exacerbating credit concerns.
At a July meeting with key officials, military regime leader Senior Gen. Min Aung Hlaing said cooperatives were the best economic system for Myanmar. ?We will spare no expense or other assistance? for their creation, he said.
But the government?s moves to suppress prices and set purchase quotes ? measures that ignore market principles ? are interfering with the private sector.
In late June, Myanmar authorities stepped up their enforcement of rice pricing rules. A Japanese worker at a local unit of retailer Aeon was recently found guilty of violating the price cap and was sentenced to a year in prison before suddenly being released.
Retailers in Myanmar must keep rice prices within a certain range of the reference set by the Myanmar Rice Federation. The body, described by a local journalist as being ?under the control of the military regime,? has begun retailing and delivering rice to customers directly.
Palm oil is also essentially rationed in Myanmar, with authorities controlling both the price and volume of sales. The Myanmar Edible Oil Dealers? Association began deliveries at the end of July, selling roughly 3.2 kg per month to each household at pre-set prices.
Industry groups also are keeping a close grip on the sales of pharmaceuticals and medical equipment.
Meanwhile, consumers and the private sector are struggling to secure the products they need. The street rate of the Myanmar kyat has reached the 7,000 mark against the dollar, weakening by nearly 50% over the past month and a half. The currency is now worth a fifth what it was before the military took control of the country in February 2021, sending the cost of pharmaceuticals, fuel and other imports soaring.
?It?s a challenge just to buy the vitamins my father asked for,? said a resident of Yangon, Myanmar?s largest city.
The resident said she needed to buy 10 packs of vitamins, but that large drugstores near her limited customers to two because import restrictions and a weak kyat had squeezed supplies. While smaller pharmacies did not impose such caps, their prices were more than 40% higher.
Goods are in short supply and procurement costs are rising. And as industry groups sell products at a discount, inventories are quickly shrinking.
Companies are unable to sell on their own for fear of running afoul of price controls, so they are pulling items off the shelves, which is exacerbating shortages and putting upward pressure on market prices.
The military?s attempts to offer some relief are only weakening the kyat further. It announced plans to supply hard currency to importers, lower a requirement for importers to convert foreign currency to the kyat and provide special allowances and higher pay for government workers.
As the kyat?s fall has shown no signs of letting up, the military regime has responded by extending price controls for more imported goods. The Commerce Ministry on Aug. 12 began requiring importers to follow reference prices on more than 3,000 products when seeking import licenses, though it has not disclosed specific prices or penalties.
Source: Nikkei Asia
Myanmar's growing price controls deepen economic woes
Response to inflation and weakening kyat backfires as private sector pulls back
Nikkei staff writers
August 20, 2024 06:25 JST
BANGKOK/YANGON ? Myanmar?s military regime is introducing tougher price controls for daily necessities in a bid to curb rampant inflation, yet its heavy state involvement reminiscent of socialism is driving down the currency further and exacerbating credit concerns.
At a July meeting with key officials, military regime leader Senior Gen. Min Aung Hlaing said cooperatives were the best economic system for Myanmar. ?We will spare no expense or other assistance? for their creation, he said.
But the government?s moves to suppress prices and set purchase quotes ? measures that ignore market principles ? are interfering with the private sector.
In late June, Myanmar authorities stepped up their enforcement of rice pricing rules. A Japanese worker at a local unit of retailer Aeon was recently found guilty of violating the price cap and was sentenced to a year in prison before suddenly being released.
Retailers in Myanmar must keep rice prices within a certain range of the reference set by the Myanmar Rice Federation. The body, described by a local journalist as being ?under the control of the military regime,? has begun retailing and delivering rice to customers directly.
Palm oil is also essentially rationed in Myanmar, with authorities controlling both the price and volume of sales. The Myanmar Edible Oil Dealers? Association began deliveries at the end of July, selling roughly 3.2 kg per month to each household at pre-set prices.
Industry groups also are keeping a close grip on the sales of pharmaceuticals and medical equipment.
Meanwhile, consumers and the private sector are struggling to secure the products they need. The street rate of the Myanmar kyat has reached the 7,000 mark against the dollar, weakening by nearly 50% over the past month and a half. The currency is now worth a fifth what it was before the military took control of the country in February 2021, sending the cost of pharmaceuticals, fuel and other imports soaring.
?It?s a challenge just to buy the vitamins my father asked for,? said a resident of Yangon, Myanmar?s largest city.
The resident said she needed to buy 10 packs of vitamins, but that large drugstores near her limited customers to two because import restrictions and a weak kyat had squeezed supplies. While smaller pharmacies did not impose such caps, their prices were more than 40% higher.
Goods are in short supply and procurement costs are rising. And as industry groups sell products at a discount, inventories are quickly shrinking.
Companies are unable to sell on their own for fear of running afoul of price controls, so they are pulling items off the shelves, which is exacerbating shortages and putting upward pressure on market prices.
The military?s attempts to offer some relief are only weakening the kyat further. It announced plans to supply hard currency to importers, lower a requirement for importers to convert foreign currency to the kyat and provide special allowances and higher pay for government workers.
As the kyat?s fall has shown no signs of letting up, the military regime has responded by extending price controls for more imported goods. The Commerce Ministry on Aug. 12 began requiring importers to follow reference prices on more than 3,000 products when seeking import licenses, though it has not disclosed specific prices or penalties.
already took profits if drop 1.8c in a day then buy again haha but you keep talk also no money to make haha
Kurnia ( Date: 20-Aug-2024 20:20) Posted:
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Myanmar&rsquo s Junta Is Funding Its War Through Forex Scams, Economists Say
really now ? no more banks fault. irrawady...
Kurnia ( Date: 20-Aug-2024 20:58) Posted:
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Now Irrawady now becomes a PARROT. Repeating news and also know that they are liable for a suit.
https://www.irrawaddy.com/business/singapore-listed-yoma-seeks-legal-advice-over-bombshell-irrawaddy-report.html
They have only fake news and can only repeat yoma old news and actions because they have nothing to justify but only fakes.
https://www.irrawaddy.com/business/singapore-listed-yoma-seeks-legal-advice-over-bombshell-irrawaddy-report.html
They have only fake news and can only repeat yoma old news and actions because they have nothing to justify but only fakes.
Kurnia ( Date: 20-Aug-2024 20:20) Posted:
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it can drop that in less than a day as well.
noobnub ( Date: 20-Aug-2024 17:56) Posted:
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nowadays hard to find a penny stock can up 1.8c in 2 days
noobnub ( Date: 20-Aug-2024 17:54) Posted:
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