TLC changes strategy and supports society
The COVID-19 pandemic requires change in business and investment approaches
The COVID-19 pandemic has caused unprecedented suffering. Beyond being a threat to health, it has caused economic, social, and mental suffering in many cases. As the COVID-19 pandemic is causing economic disruption, TLC is changing its trading and corporate strategy, and engaging in public welfare efforts to support its investors and the public.
COVID-19 pandemic causes economic disruption
The COVID-19 pandemic is causing global economic contraction, placing airlines globally at bankruptcy risk, and causing the collapse of oil prices, among other developments. According to the International Monetary Fund’s (IMF) World Economic Outlook April 2020 report, the COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. In a baseline scenario, which assumes that the pandemic fades in the second half of 2020 and containment efforts can be gradually unwound, the global economy is projected to grow by 5.8 percent in 2021 as economic activity normalises, helped by policy support.
The collapse of Virgin Australia Holdings after the briefest of fights indicates the world’s weakest airlines have little time to secure funds before they succumb to the coronavirus, according to The Straits Times. The International Air Transport Association (IATA), which represents nearly 300 airlines, has said half face bankruptcy in two to three months without government help. Many carriers have furloughed staff and grounded entire fleets. IATA has warned that 25 million jobs in aviation and related sectors are at risk.
Falling oil demand and excessive oil supply are causing the collapse of oil prices. According to a CNN report, the coronavirus pandemic has caused oil demand to drop so rapidly that the world is running out of room to store barrels. Demand continues to vanish because jets, cars, and factories are side-lined by the coronavirus pandemic. At the same time, Russia and Saudi Arabia flooded the world with excess supply. This has led to the collapse of oil prices, making it impossible for US shale oil companies to make money and causing prices for US crude for May delivery to turn negative recently.
Changes in Forex trading and corporate strategies
The pandemic is resulting in challenges in forex trading activities, requiring changes in corporate strategies. With unprecedented turmoil impacting the world economy, TLC’s inhouse trading department is facing challenges with Expert Advisor (EA) technical trend recognition, according to TLC EA trading department chief trader Jason Lim. Compared to pre-COVID-19 crisis periods, the fundamental and technical EA signals are not in sync. The spread from the liquidity provider (LP) is unstable and frequently stop-out EA trend spotting. The EA has to spot a good spread to enter the market.
Given that risk management is the first priority in trading, large lot size entering the market is causing slippage problems from the main server of LP MetaTrader4, resulting in sudden cancellations of pending orders when they have been set up. This situation is challenging to the risk management team. These challenges are being resolved by reducing trading lot sizes and enhancing the existing trading server to provide the similar trading results compared to pre-COVID-19 crisis times.
To remain relevant and competitive in the changing economic landscape, AVA and TLC recently established a strategic partnership to pursue their mission of growing the wealth of their investors, by generating stable long-term income, through a mutually beneficial environment, with a rich diversified selection of capital investment channels.
TLC chief executive officer Carl Ronny stated that he wants TLC to be a multidimensional, multinational, and technologically integrated financial company. His strategy is to be consolidated with more experts globally in different areas. “AVA is another piece of the puzzle that we want to be incorporated and associated with. Due to AVA having the same vision as TLC in the long term, we consider this alliance a winning move, similar to our alliances in previous years that enable our investors to reap their rewards.”
AVA will invest into a global cross-section asset class covering derivatives, cryptocurrencies, forex, debt instruments like MTNs and Certificates of Deposits, higher yield instrument and products like equities, intra-day commodities trading, and real estate. The core investment portfolio will have the features of fast market access, tactical asset allocation, early participation for yield enhancement, and tailored investments based on AVA Investment Committee risk appetite. The key investment strategy now is not to just rely on Forex, but using a diversified strategic asset allocation approach.
Providing public welfare during the COVID-19 pandemic
Given the risks that COVID-19 poses on people’s health, TLC has been making contributions for public welfare. In addition to protecting the health of its employees and ensuring the continuity of its operations, TLC has donated medical supplies for epidemic prevention and control to charitable organisations and nursing homes. These activities are in line with TLC’s corporate social responsibility philosophy of conducting charitable activities for poverty alleviation, and care for women, children, and seniors. Although good deeds require effort, TLC is committed to bringing love and warmth to society, and contributing to public welfare.
In addition to being a responsible enterprise, TLC has been a professional trading platform for foreign exchange investors. TLC has been dedicated to being a first-rate foreign exchange trading platform. In order to maximize benefits of foreign exchange investors, TLC has released the “Forex Insurance Profit Security Plan” that is designed and programmed by 49 top experts in the world, so as to help customers to avoid risks and obtain stable long-term returns in foreign exchange market that changes rapidly. These experts have assisted in foreign exchange with technology, integrated EA intelligence into foreign exchange trading, and strengthened advantages of the platform, so as to create a safe and stable investment environment for customers.
Various developments that will happen in quick succession are likely to contribute to volatility in major financial markets. This is the time when there are plentiful investment opportunities for investors to invest and grow their wealth. At TLC, we track developments in global financial markets to ensure we can achieve good financial returns on our clients’ investments. We are committed to creating opportunities for you to obtain great profits. Let’s make our investments generate more returns. Now is the best time to invest for a brighter future. We can make it happen! Prepare for better times, by letting us, TLC, to become your partner that can guide your financial decisions in years to come.
Public Welfare Coverage on Yahoo finance – https://finance.yahoo.com/news/public-welfare-actions-throne-legacy-131500711.html
Public Welfare Coverage on Digital Journal – http://www.digitaljournal.com/pr/4661916