Celebrity Life

The Peak speaks to Chris Chong, retail managing director of Capitaland Singapore.

The post The future of retail is neither just online or offline – it’s both appeared first on The Peak Magazine.

The Peak speaks to Chris Chong, retail managing director of Capitaland Singapore.

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Employees are the backbone of any business — these industry leaders share the importance of building a strong team.

The post Advice from CEOs: 5 quotes on the importance of human capital appeared first on The Peak Magazine.

Employees are the backbone of any business — these industry leaders share the importance of building a strong team.

For more stories like this, visit www.thepeakmagazine.com.sg.

The co-founder, CEO and CIO of MTC Asset Management chats with Prestige Malaysia about investor psychology and what went down at Bursa Malaysia after the 14th general elections.

On the first day Bursa Malaysia resumed trading after GE14, shares of companies such as Utusan Melayu with links to the previous administration plunged, while Opcom Holdings whose CEO is Mokhzani Mahathir surged. Are these price movements purely speculative?

We believe the share price movements are purely speculative. Historically, the market has always reacted in a big way whether downwards or upwards when there was a major change.

Take Brexit for example: the pound collapsed only to recover much later. When Donald J. Trump got elected as US president, share prices of defence companies shot up immediately. But the real winners in 2017 weren’t defence stocks, they were the general market and tech stocks.

Did the two-day public holiday after the election help ease the volatility?

It definitely did. If it wasn’t for the public holidays, the first-day movement would be way more extreme.

More importantly, it protected the country from any last-minute siphoning of money (if there was such an intention). Tun Dr Mahathir Mohamad was really smart to call those two days public holidays, to change the signatories and reporting lines so that immediately on Monday, new checks and balances would be in place.

Has the resumption of short selling contributed to this phenomenon?

The Securities Commission recently approved short selling, so that definitely contributed, but we don’t have enough data to observe that it was the main reason. What data has reported and substantiated with statements is foreign investors have been selling down Malaysia.

Foreign investors generally want to avoid uncertainty. Although we at MTC personally think the result is quite positive, the foreigners are not on the ground to observe it so they would rather be safe and wait till the new Cabinet is formed and policies be in place before they come back. This is a standard economic practice.

Has MTC Asset Management shifted the portfolio strategy to mitigate some of the risks?

Right before the election, we mainly held cash in ringgit as we felt Malaysia was overvalued.

What about your outlook for this year?

MTC has done ~150% returns since our inception in July 2012. That is around 17% p.a. This year our performance has been flat both in the US and in Malaysia. But with the recent positivity around the new government, and now being able to redeploy our cash into certain counters, I think in the next few years, we can replicate that same returns, if not surpassing it.

A good analogy is the Donald winning the US election and the market going up 40% because of the major economic changes he made. This was despite Trump being very much unliked. Malaysia, on the other hand, has Mahathir who is well liked and respected. So it's only going to be a better Malaysia after this!

For the full story, pick up a copy of Prestige Malaysia July 2018 issue.

The post Examining Market Trends Post GE14 With Devan Linus Rajadurai appeared first on Prestige Online - Hong Kong.

Why learning opportunities and career growth is important in attracting talents to businesses.

The post How business leaders and SMEs can attract and retain talent in Singapore appeared first on The Peak Magazine.

Why learning opportunities and career growth is important in attracting talents to businesses.

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The new tech and innovation business club Spectrum hosted a 600-strong crowd during its launch party at its 28,000-sq-ft venue at the Duo Tower.

The post “Hi! Tech” networking session and the launch of Spectrum appeared first on Prestige Online - Hong Kong.

This survey has all the answers to what good leadership is in this day and age.

The post The Qualities a Great Leader Should Have in 2016 appeared first on The Peak Magazine.

This survey has all the answers to what good leadership is in this day and age.

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The nation's founding father may be gone, but these quotes reflecting Lee Kuan Yew's wisdom, grit and resolve remain great advice.

The post 11 quotes from Lee Kuan Yew, for business leaders appeared first on The Peak Magazine.

The nation's founding father may be gone, but these quotes reflecting Lee Kuan Yew's wisdom, grit and resolve remain great advice.

For more stories like this, visit www.thepeakmagazine.com.sg.