Wednesday, January 22, 2025

Don’t Get Hacked: 8 Best Practices for Smartphone Security

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Smartphones have become essential to daily life, holding everything from photos and passwords to sensitive financial information. However, their convenience comes with risks. Hackers are constantly finding new ways to exploit vulnerabilities, putting your personal data at risk. Staying vigilant and proactive can protect your phone from attacks and safeguard your digital life.



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Rush to Save: 7 Genius Tax Moves You Must Make Before It’s Too Late

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The IRS begins accepting returns on January 27th, but rushing to file isn’t always wise. Take advantage of this preparation window to review deductions and tax-saving strategies. Tax season brings unique challenges and opportunities for those nearing or in retirement; consider these essential moves that could significantly affect your bottom line. Implementing innovative strategies with the…



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Tuesday, January 21, 2025

7 Hidden Wealth and Wisdom Hacks for Your Downtime

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We all experience moments of downtime—whether it’s waiting for an appointment, sitting in traffic, or winding down at the end of a long day. Instead of letting those moments slip away, why not turn them into opportunities to learn, save, and grow?



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How to Get Every Last Drop Out of 11 Household Products

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As inflation bashes our budgets, it’s important to compare prices on everyday items. Bonus frugal points for using shopping apps to further reduce prices. Not everyone has the option of shopping at multiple stores, though. For example, I live in Alaska and have access to just two different supermarkets and a single drugstore chain. And some consumers find shopping apps too confusing or simply…



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Monday, January 20, 2025

Top Glove anticipates strong recovery in 2025 on rising demand, redirection of orders

PETALING JAYA: Top Glove Corporation Bhd anticipates a strong recovery in 2025 on the back of rising demand and redirection of orders following the United States’ implementation of new tariffs on China-made gloves.

The company, which is the world’s largest glove manufacturer, also expects its performance in the coming quarters to be driven by key factors such as the ongoing global glove stock replenishment, improved pricing power as demand rises, and supply constraints exacerbated by a shortage of foreign labour in Malaysia.

“More inflow of orders from US customers, stemming from trade diversions following the new 50% tariff on glove imports from China which came into effect on Jan 1, 2025, with a further increase to 100% by January 2026. We will see the benefits of the full impact of this tariff in 2025,” Top Glove told SunBiz via a statement.

While it is poised to benefit from the redirection of US orders from China, Top Glove expects no new expansion expected by Chinese companies due to US tariff issues. “Due to the uncertainty surrounding potential US actions, expansion by China-based manufacturers outside of China is also expected to be minimal/modest,” it said

Top Glove targets a 60% increase in sales volume for financial year 2025 and foresees improved profit margins from higher efficiency and utilisation rates.

On Jan 1, 2025, the US imposed a 50% tariff on rubber medical and surgical gloves imported from China. This tariff is set to increase to 100% by January 2026.

Despite potential fluctuations in raw material prices and exchange rates, Top Glove is confident that strong demand for gloves, coupled with supply constraints, will allow it to pass costs on to consumers.

“We expect the glove industry recovery to sustain, and for the group to deliver increasingly stronger performances in the coming quarters,” said Top Glove.

Phillip Capital Sdn Bhd equity research analyst Aiman Kamil Ahmad Shauqi said it remains positive on the rubber glove sector this year.

He noted that the industry has faced challenges in the aftermath of the Covid-19 pandemic, primarily due to an oversupply situation that led to reduced sales volumes and depressed average selling prices (ASP).

“During the oversupply period, local glove manufacturers struggled to raise ASP due to lower customer acceptance, and Chinese glove manufacturers, who used coal as a primary energy source, sold their products at significantly lower prices – resulting in a loss of market share for local producers.

“However, as inventories have been depleted and some stock has expired, local manufacturers now have room to recover,“ Aiman Kamil said.

He added that the main focus in 2025 will be on the extent of earnings recovery among glove manufacturers, sales volume trends, opportunities for higher ASP, and the timeline for recommissioning capacity.

“Investors should closely monitor developments in US-China trade tensions, as they have significant implications for the glove sector, especially with the US revising its tariff policy on rubber medical and surgical gloves.”

Regarding earnings, Aiman Kamil said both Hartalega Holdings Bhd and Kossan Rubber Industries Bhd have shown consistent operational improvements and earnings growth in recent quarters, driven by better sales volumes and higher ASP. “However, Hartalega reported losses in the latest quarter due to start-up costs related to recommissioning its new line.”

Utilisation levels among local manufacturers rose to 75–90% in second-half 2024, reflecting increased customer demand, said Aiman Kamil.

Phillip Capital channel checks suggest that recovery momentum remains positive, with ASP stabilising at US$19–22 (RM85.63-99.15) per thousand pieces, up from US$18 in 2023, and sales volume expected to grow by 5–10% in the current quarter, supported by restocking and redirected orders from Chinese manufacturers to Malaysian players.

“Local manufacturers may consider raising ASPs by 3–5% quarter-on-quarter, targeting US$22–24 per thousand pieces in 2025.”

Philip Capital maintains an overweight stance on the sector, favouring companies with strong balance sheets and significant US sales exposure to capitalise on the ongoing recovery.

“Hartalega has the largest US exposure at about 60%, followed by Kossan 45%, and Top Glove 17%.”

Aiman Kamil said the sector’s outlook remains positive, driven by continued earnings growth and favorable dynamics arising from US–China trade tensions.

“Malaysian manufacturers are expected to regain a larger global market share, potentially increasing their share to 50% (up from 35–45%), driven by order diversions and rising demand.”

Malaysian Rubber Glove Manufacturers Association president Oon Kim Hung told SunBiz that Malaysia should see demand for rubber gloves returning with some members already anticipating order shipments from their US customers to accelerate from the end of next month.

“In 2023 until the middle of 2024, our industry was challenged by global overstocking of gloves and the collapse of the ASP. Coupled with heavy competition from the region, particularly China, Malaysian manufacturers struggled but still managed to perform fairly.”

Oon said the oversupply situation is tapering off and ASP have seen improvement.
“Additionally, the US tariff on China that has come into effect since this January this year should have some impact on global trade as well as our export trade. Market direction for 2025 will continue to be dictated by developments surrounding global geopolitical tension, particularly in the Middle East, as well as the economic policies of the US under Trump administration,” he added.



Source: The Sun Daily

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Digital transformation, affordability, sustainability to shape travel in 2025: Traveloka president

KUALA LUMPUR: With the global tourism industry projected to grow by 4.3% in 2025, driven by shifting travel trends and increasing demand for cross-border travel, domestic tourism operators must prioritise initiatives that showcase local attractions and deliver personalised, value-driven experiences to align with evolving traveller preferences and drive sustainable growth.

According to Southeast Asia’s leading travel platform, Traveloka, digital transformation, affordability and sustainability are key trends that will drive the industry to meet the evolving needs of Asia-Pacific (Apac) travellers, particularly Malaysians.

Traveloka president Caesar Indra said Apac and Malaysian travellers are increasingly relying on digital tools for travel planning, with 52% using social media, 50% turning to travel apps and 49% utilising platformssuch as Traveloka, highlighting the growing demand for seamless, tech-enabled travel solutions.

“Affordability remains a priority, as 46% of travellers prioritise cost, and promotions for less-considered destinations influence 39%.

“Additionally, while 82% of Malaysians are open to eco-friendly travel, barriers such as cost and accessibility must be addressed to encourage greater adoption of sustainable practices,” he told SunBiz.

Traveloka’s white paper, published recently, showed that 37% of Malaysians prioritise domestic travel, driven by factors like affordability, convenience, and safety.

“These trends emphasise the importance of investing in localised digital platforms, offering practical and visible sustainable travel options, and designing value-driven experiences that align with travellers’ evolving expectations.

“By adapting to these shifts, businesses can better meet travellers’ needs and remain competitive in an ever-changing environment,” Caesar said.

To stimulate domestic tourism growth in 2025, he said, domestic tourism operators should concentrate on initiatives that showcase local attractions while offering personalised, value-focused experiences that align with changing traveller preferences.

He added that travel businesses can partner with eco-friendly hotels, such as those certified by Traveloka’s partner, the Global Sustainable Tourism Council, and collaborate with local communities to create authentic, sustainable travel experiences.

Additionally, the white paper indicates that travellers in Apac cite cost and difficulty finding sustainable options as the primary barriers to choosing them.

“Providing competitive pricing and enhancing accessibility for eco-friendly alternatives will be crucial in driving greater adoption among travellers.

“Our white paper indicates that 37% of Malaysians prioritise domestic travel, influenced by affordability, convenience, and safety factors. With 46% of Malaysians saying the price is a key consideration when choosing accommodation, bundling domestic accommodations, transportation, and activities into affordable packages can cater to the needs of Malaysian travellers.

“Offering promotions for off-peak travel and loyalty programmes can further incentivise repeat visits,” Caesar said, adding that promotions and discounts are key to capturing Malaysia’s price-sensitive travellers.

Based on the white paper, 39% are willing to explore destinations they might not normally choose if the deals are compelling.

“To stay competitive, travel operators must go beyond generic offers by using data analytics to pinpoint the right audience and timing. Personalised, value-driven promotions tailored to traveller profiles can drive higher conversions, foster loyalty, and maximise returns,” Caesar said.

When asked to elaborate on travel operators exploring new options or technologies to streamline the payment process, Caesar said payment preferences across the Apac region vary widely, driven by cultural differences and differing levels of technological adoption.

“It is important to understand customer behaviour and to tailor payment solutions accordingly. We believe this will enhance customer experience, foster trust, and drive higher engagement and loyalty. For travel businesses, the key goes beyond offering a range of options like buy-now-pay-later, digital wallets, and QR (quick response) code payments,“ he said.

Regarding the challenges industry players and operators anticipate in the Malaysian and the broader Apac travel market in 2025, Caesar said varying levels of digital maturity, balancing domestic and international travel preferences, and the cost of sustainable options require innovative solutions.

“By focusing on localised, affordable offerings and leveraging technology to create personalised experiences, operators can successfully navigate these challenges in 2025,” he added.

Founded in Indonesia in 2012, Traveloka has expanded its operations to Thailand, Vietnam, Singapore, Malaysia, Australia and the Philippines, providing 24/7 support in local languages and acceptance of over 40 payment methods.

With nearly 140 million app downloads and nearly 50 million monthly active users, Traveloka is one of the region’s most popular travel apps.



Source: The Sun Daily

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Stay Home, Save Big: 8 Ways Aging in Place Boosts Your Wealth

empty nesters
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Aging in place isn’t just about comfort—it’s a financial strategy that can save retirees thousands of dollars while providing long-term stability. Instead of downsizing or moving into a senior community, many older adults choose to stay in their homes. With the proper planning, this choice can lead to significant cost savings, better financial security, and even increased wealth.



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Trump’s Credit Overhaul: 8 Controversial Changes That Could Shake Your Finances

Donald Trump
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Trump’s administration has signaled shifts in credit and debt relief policies that could impact millions of borrowers. While deregulation efforts may expand financial access, they could also reduce consumer protections, making it harder for struggling borrowers to find relief. These policies could reshape how Americans manage credit, loans, and debt relief, from potential changes to bankruptcy…



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Sunday, January 19, 2025

How Trump’s Debt Decisions Could Change Your Financial Future Forever

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National debt policies may seem distant from everyday life, but they shape critical financial factors like interest rates, taxes, and retirement savings. Trump’s past debt strategies and potential future policies could create lasting effects on the economy. From borrowing costs to the dollar’s strength, these financial shifts could directly impact your budget. Understanding how these policies…



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