Wednesday, March 31, 2021

The Brilliance Of Investment Bankers

Is this a cheap shot? Not really. Is it fait to pick and choose one "mistake" to shame all bankers? Well, yes. I tell you why. The "mistake" was not a rare instance. Their wins and losses are about the same, give or take that they were maybe 65% right all the time. But the instance they were wrong will cost you big time.

That's because investment bankers are in the business of SELLING. They need you to move your funds. To sway you to move to something, they will have to dissuade you from the prevailing choices. Even though they may not know much of other options, in the business of selling they will tell you don't go there vehemently.

They do not have your best interest at heart, but their quotas and bottom line for the year. You are not going to hear "I don't know much about other options you mentioned, let me check it out".





Monday, March 29, 2021

WE NEED TO STOP WESTERN BULLYING ....

 I am not even a fan of gloves, or Top Glove for that matter. But to call it being an irresponsible employer was way out of line. This is not the first time western forces have tried to bully and discredit our products.  Shall we start with PALM OIL... in any way you cut it it is a superior cooking oil (in terms of crispiness, higher heat tolerance, and reusable quality compared to other oils).

 How they trash us, cooking up images of pitiful oranguants being displaced, etc.. we have plenty of orang-utans and a couple of great "sanctuaries", but nobody will listen. Cause you can buy media... any media for very cheap actually, cheaper than getting a prostitute or gigolo actually. I know it hurts. 

Its our government that has to take the LEAD ... say "FUCK YOU"... cause everyone will think we have no balls. Maybe we don/t...



US CBP finds Top Glove products manufactured using convict, forced, indentured labour

TheEdge Mon, Mar 29, 2021 04:36pm - 5 hours ago



KUALA LUMPUR (March 29): The US Customs and Border Protection (US CBP) has found that certain products by Top Glove Corp Bhd have been manufactured with the use of convict, forced or indentured labour.

In a notice published today, the US regulator said certain disposable gloves had been “mined, produced or manufactured in Malaysia by Top Glove Corp Bhd with the use of convict, forced or indentured labour, and are being, or are likely to be, imported into the US”.

It cited Section 307 of the Tariff Act 1930, which states that products produced using these kinds of labour shall not be entitled entry at any US ports.

Previously on July 15, 2020, the US CBP issued a withhold release order on disposable gloves indicated to be manufactured by forced labour in Malaysia by Top Glove.

“Through its investigation, the CBP has determined that there is sufficient information to support a finding that Top Glove is manufacturing disposable gloves with forced labour, and that such merchandise is likely being imported into the US,” it said.

Based on this, the regulator said the port director may seize the covered merchandise for violation of the Tariff Act, and commence forfeiture proceedings, unless the importer establishes by satisfactory evidence that the merchandise was not produced in any part with the use of prohibited labour.




https://www.klsescreener.com/v2/news/view/808575

Earlier this month, Top Glove said an independent consultant found no systemic forced labour within the group as of January.

The glove maker had appointed the consultant to verify corrective action plans it implemented to eliminate the presence of forced labour indicators from its practices, the group said previously.

Top Glove also said it was following up closely with the CBP and working towards an expeditious resolution and revocation of the withhold release order imposed by the US agency in July last year on Top Glove's subsidiaries Top Glove Sdn Bhd and TG Medical Sdn Bhd following the allegations of forced labour.

Top glove had fallen eight sen or 1.55% to RM5.07 at the time of writing today, giving it a market capitalisation of RM41.61 billion.

https://www.nst.com.my/business/2021/03/677911/top-glove-named-hr-asias-best-company-work


KUALA LUMPUR: Top Glove Corporation Bhd was named one of HR Asia Best Companies to Work for in Asia 2020 (Malaysia), marking the fifth consecutive year the company has won this award.

As the world's largest manufacturer of gloves that serves 2,000 customers in 195 countries, Top Glove pride its 21,000 strong workforce across about 50 factories and offices.

Managing director Datuk Lee Kim Meow said the company is honoured to be winning this award for the fifth consecutive year.

"It is a validation of our efforts in the area of human capital, and an affirmation of our position as an employer of choice to our 21,000 strong workforce," he said.