Monica Tan, Your Partner In Financial Planning

Yes, life is fragile. The coronavirus COVID-19 pandemic is the defining GLOBAL HEALTH CRISIS of our time and the greatest challenge we have faced since World War II.
We are not guaranteed a tomorrow so give it everything we have got!.
How well are you planning for your family's financial well-being?

SC warns unlicensed investment advisers of jail penalty.

"The SC cautions members of the public against dealing with unlicensed investment advisers, as they could be defrauded or used as part of a market manipulation scheme."

The latest updates released by Aberdeen research institute on Covid-19. The executive summary as below:

· The Covid-19 outbreak has surpassed SARS in terms of people infected; 40,500 cases in mainland China have been confirmed so far, compared to only 5,300 during SARS. It is hard to know when infections will peak (expectations range mostly from 2nd half of February to early March), but the rate of new infections has slowed recently.

· SARS provides a useful benchmark for the potential effect on the economy, but there are reasons why the near-term effect will be larger this time. The number of cases is much higher, services are a larger share of the economy, and more restrictions have been put in place to stem the spread of the virus. Chinese New Year will also amplify the effects.

· There are a wide range of estimates as to how big and persistent the shock will be. We think that Chinese Q1 ’20 q/q growth should be slightly negative (down from +1.5% q/q in Q4 to perhaps -0.5% q/q in Q1).

· The National Bureau of Statistics will likely report a less dramatic slowdown (say to +0.5% q/q), inevitably raising questions about data reliability. We will therefore be drawing primarily on our in-house China Activity Indicator to benchmark the effects; our updated forecasts will be released early next week.

· Regardless of the size of the Q1 shock the most likely outcome is for activity to be largely caught up by Q4. The recent modest easing in monetary policy, plus more aggressive fiscal support should help GDP to return to the previous trend.

· The shock will reverberate around APAC, even assuming the virus is mostly contained within China. Disruptions to tourism & travel, trade & manufacturing should be the main transmission channels. Hong Kong and Thailand stand out as most exposed to less tourism.

· Supply chains disruptions are affecting some firms but we do not expect the macroeconomic significance to be large unless the outbreak gets much worse. In the longer term, however, some firms may reconsider supply chain risks, adding to de-globalisation pressures.

Tun Dr. Daim Zainuddin was one of the keynote speakers at our Association of Financial Advisors annual conference on 30 Oct 2019 at Bank Negara Malaysia.
At 81, the former Finance Minister had recently obtained a Doctor of Philosophy (PHD) degree from Universiti Malaya. He proves it's never too old to learn! 活到老，学到老！
It is never too old / late to learn Financial Planning matters too.

"Budget 2020 remains it expansionary policy with several measures to support domestic driven consumption growth while boosting public and private investment growth. Overall, it is within our expectation as we are not anticipating any major positive surprises for the corporates since the Shared Prosperity Vision 2030 blueprint was announced just a week before the official tabling of the budget."

by Phillip Capital Management Sdn Bhd
15 Oct 2019

We are pleased to offer 𝗼𝘃𝗲𝗿 𝟭𝟬𝟬 𝗘𝗣𝗙 𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝘂𝗻𝗶𝘁𝘀 𝘁𝗿𝘂𝘀𝘁 𝗳𝘂𝗻𝗱𝘀 via 𝗘𝗣𝗙 𝗶-𝗶𝗻𝘃𝗲𝘀𝘁 at 𝟬% 𝘀𝗮𝗹𝗲𝘀 𝗰𝗵𝗮𝗿𝗴𝗲 for a 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝘁𝗶𝗺𝗲 𝗼𝗻𝗹𝘆!
To receive a 𝘀𝘁𝗲𝗽-𝗯𝘆-𝘀𝘁𝗲𝗽 𝘃𝗶𝗱𝗲𝗼 𝗴𝘂𝗶𝗱𝗲 to account opening, please message us your
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Dear friends, Phillip Wealth Planners Sdn Bhd and Funding Societies recently work in close collaboration on P2P Financing for SMEs (Small Medium Enterprise) that need short term business funding options. If you or people you know wish to diversify your or their investment portfolios and earn a better return in this volatile markets, please feel free to show your interest here or personal message me for an appointment. Thank you.

Reviving growth through technology and digitalisation
By InsiderAsia

Economic growth from government infrastructure spending and domestic consumption is constrained by high indebtedness. We believe it is imperative for Malaysia to reduce its reliance on cheap, low-skill foreign labour to move up the value chain and embrace technology and the knowledge economy. This will rejuvenate investments as a key growth driver. Meanwhile, consumers should leverage technology and digitalisation to raise disposable incomes and reduce the cost of living. Change is here. If we are not prepared to exploit all the opportunities it presents, they will pass us by.