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KUALA LUMPUR: Bursa Malaysia dibuka rendah pada Khamis, dipengaruhi oleh prestasi hambar yang dicatatkan Wall Street, menurut penganalisis.
Pada 9.15 pagi, FTSE Bursa Malaysia KLCI (FBM KLCI) turun 1.24 mata kepada 1,640.29 daripada 1,641.53 ketika ditutup semalam.
Indeks penanda aras itu dibuka 2.48 mata lebih rendah kepada 1,639.05

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Why trade reform is difficult
Trade contributes to global efficiency. When a country opens up to trade, capital and labor shift toward industries in which they are used more efficiently. That movement provides society a higher level of economic welfare. However, these effects are only part of the story.

Trade also brings dislocation to those firms and industries that cannot cut it. Firms that face difficult adjustment because of more efficient foreign producers often lobby against trade. So do their workers. They often seek barriers such as import taxes (called tariffs) and quotas to raise the price or limit the availability of imports. Processors may try to restrict the exportation of raw materials to depress artificially the price of their own inputs. By contrast, the benefits of trade are spread diffusely and its beneficiaries often do not recognize how trade benefits them. As a result, opponents are often quite effective in discussions about trade.

Even a country that is more efficient (has absolute advantage) in everything it makes would benefit from trade. Consider an example:

Country A: One hour of labor can produce either three kilograms of steel or two shirts. Country B: One hour of labor can produce either one kilogram of steel or one shirt.

Country A is more efficient in both products. Now suppose Country B offers to sell Country A two shirts in exchange for 2.5 kilograms of steel.

To produce these additional two shirts, Country B diverts two hours of work from producing (two kilograms) steel. Country A diverts one hour of work from producing (two) shirts. It uses that hour of work to instead produce three additional kilograms of steel.

Overall, the same number of shirts is produced: Country A produces two fewer shirts, but Country B produces two additional shirts. However, more steel is now produced than before: Country A produces three additional kilograms of steel, while Country B reduces its steel output by two kilograms. The extra kilogram of steel is a measure of the gains from trade.

Though a country may be twice as productive as its trading partners in making clothing, if it is three times as productive in making steel or building airplanes, it will benefit from making and exporting these products and importing clothes. Its partner will gain by exporting clothes—in which it has a comparative but not absolute advantage—in exchange for these other products (see box). The notion of comparative advantage also extends beyond physical goods to trade in services—such as writing computer code or providing financial products.

Because of comparative advantage, trade raises the living standards of both countries. Douglas Irwin (2009) calls comparative advantage “good news” for economic development. “Even if a developing country lacks an absolute advantage in any field, it will always have a comparative advantage in the production of some goods,” and will trade profitably with advanced economies.

Differences in comparative advantage may arise for several reasons. In the early 20th century, Swedish economists Eli Heckscher and Bertil Ohlin identified the role of labor and capital, so-called factor endowments, as a determinant of advantage. The Heckscher-Ohlin proposition maintains that countries tend to export goods whose production uses intensively the factor of production that is relatively abundant in the country. Countries well endowed with capital—such as factories and machinery—should export capital-intensive products, while those well endowed with labor should export labor-intensive products. Economists today think that factor endowments matter, but that there are also other important influences on trade patterns (Baldwin, 2008).

Recent research finds that episodes of trade opening are followed by adjustment not only across industries, but within them as well. The increase in competition coming from foreign firms puts pressure on profits, forcing less efficient firms to contract and making room for more efficient firms. Expansion and new entry bring with them better technologies and new product varieties. Likely the most important is that trade enables greater selection across different types of goods (say refrigerators). This explains why there is a lot of intra-industry trade (for example, countries that export household refrigerators may import industrial coolers), which is something that the factor endowment approach does not encompass.

There are clear efficiency benefits from trade that results in more products—not only more of the same products, but greater product variety. For example, the United States imports four times as many varieties (such as different types of cars) as it did in the 1970s, while the number of countries supplying each good has doubled. An even greater benefit may be the more efficient investment spending that results from firms having access to a wider variety and quality of intermediate and capital inputs (think industrial optical lenses rather than cars). By enhancing overall investment and facilitating innovation, trade can bring sustained higher growth.

Indeed, economic models used to assess the impact of trade typically neglect influences involving technology transfer and pro-competitive forces such as the expansion of product varieties. That is because these influences are difficult to model, and results that do incorporate them are subject to greater uncertainty. Where this has been done, however, researchers have concluded that the benefits of trade reforms—such as reducing tariffs and other nontariff barriers to trade—are much larger than suggested by conventional models.

KUALA LUMPUR: Indeks Utama Bursa Malaysia ditutup tinggi hari ini berikutan pembelian sederhana dalam produk dan perkhidmatan pengguna, telekomunikasi dan saham perbankan dalam keadaan prestasi pasaran serantau yang bercampur-campur.
Pada 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 5.43 mata atau 0.33 peratus, kepada 1,641.97 daripada 1,636.54 semasa ditutup pada Isnin.
Indeks petunjuk pasaran yang dibuka 2.02 mata lebih kukuh kepada 1,638.56, bergerak antara 1,636.89 dan 1,643.64 sepanjang sesi dagangan.

Increased Revenue:

International trade provides businesses with access to a larger customer base, which means increased sales and revenue. By exporting products to other countries, businesses can tap into previously untapped markets and increase their customer base. This, in turn, can lead to increased profits and growth

"An investment in knowledge pays the best interest." — Benjamin Franklin

When it comes to investing, nothing will pay off more than educating yourself. Do the necessary research and analysis before making any investment decisions.

KUALA LUMPUR: Bursa Malaysia memulakan dagangan Selasa dengan lebih meningkat, didorong oleh prestasi semalaman saham-saham Amerika Syarikat (AS) yang memberangsangkan, kata penganalisis.

Pada 9.06 am, indeks petunjuk utama FTSE Bursa Malaysia KLCI (FBM KLCI) meraih 2.13 mata kepada 1,638.67 daripada 1,636.54 pada akhir dagangan semalam.

Indeks penanda aras itu dibuka menokok 2.02 mata pada 1,638.56.

Sentimen pasaran hampir tidak berubah dengan kaunter untung mengatasi rugi iaitu 132 berbanding 130 manakala 243 kaunter tidak berubah, sebanyak 1,972 tidak diniagakan dan sembilan lain digantung dagangannya.

KUALA LUMPUR, Aug 17 — TNG Digital (TNGD) has partnered with Amanah Saham Nasional Berhad (ASNB) to make it easier for all Malaysians to invest in ASNB unit trust via the Touch ‘n Go eWallet (TNG eWallet). With this partnership, TNG eWallet users can easily subscribe to all 17 ASNB unit trusts through the GoInvest feature in the eWallet. With the addition of ASNB, TNG eWallet GoInvest has expanded its unit trust options from 9 to 26.

With about 21 million users, TNGD wants to encourage financial inclusion by making investment products more accessible to the masses. To make it even more seamless, existing ASNB unit holders can start investing via TNG eWallet almost immediately as the accounts are linked via their registered MyKad numbers. For new first-time ASNB users, they would have to create a new account and complete an eKYC process via the ASNB app before they can use the feature on the TNG eWallet.

To get started, just tap on the GoInvest icon on the home screen of TNG eWallet and select ASNB.

Advantages of Online Trading
Accessibility — Online trading platforms have made it easier for investors to access financial markets from anywhere in the world, as long as they have an internet connection.
Cost-effective — Online trading platforms often have lower fees and commissions compared to traditional brokerages, making it more affordable for individual investors.
Real-time data — Online trading platforms provide real-time data on stock prices, news, and other market information, allowing investors to make informed decisions quickly.
Flexibility — Online trading platforms offer greater flexibility in terms of trading hours, allowing investors to trade outside of regular business hours.
Control — Online trading platforms give investors greater control over their investments, enabling them to monitor their portfolios and make trades in real-time.

This explains that by specialising in goods where countries have a lower opportunity cost, there can be an increase in economic welfare for all countries. Free trade enables countries to specialise in those goods where they have a comparative advantage.

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