Tan Sri Syed Mokhtar weighs selling a stake in MMC Port – and TWO more things you need to know this week (weekly ended 23/5/2023)

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Sharing some Investing and Economic insights

Malaysian tycoon Tan Sri Syed Mokhtar Al-Bukhary’s MMC Corp may sell a stake of up to 30% in MMC Ports. This could value the country’s biggest port operator at more than RM12 bil.

  • MMC Ports has seven ports in Malaysia – Port of Tanjung Pelepas, Johor Port, Northport, Penang Port, Tanjung Bruas Port, Andaman Port and Solid Product Terminal. All are located along the Straits of Malacca, one of the world’s busiest shipping lanes.


And TWO more things:

Bursa Malaysia ended lower yesterday with over 500 counters ending in the red, in line with the weak sentiment in regional markets as investors took some profit after concerns over interest rates has re-emerged, and also on US debt ceiling.

The Securities Commission (SC) has taken action against Huobi Global Ltd and its CEO Leon Li for operating a digital asset exchange in Malaysia without license and has ordered Huobi to stop its operation in Malaysia.

  • The public are advised to invest with entities that are registered with the SC as these entities have undergone strict regulatory scrutiny and are required to adhere to strict guidelines so that investors are protected under the Malaysia’s securities laws.


Raiz is about helping you save & invest more – being able to save 5% of your salary every month is better than earning 5% return. Having a disciplined savings habit can help improve your financial position quicker (than spending time choosing the best fund manager).


Do you know?

India has overtaken China as the most populous country in the world. Both combined have more than 2.8 billion people – more than a third of the global population.


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