KUALA LUMPUR (April 13): MNC Wireless Bhd plans to invest RM5.5 million to develop a lifestyle e-commerce platform with the inking of a Memorandum of Understanding with Hot TV Entertainment Sdn Bhd. In the MoU, MNC expressed its interest to acquire, invest, develop or collaborate with Hot TV, which specialises in e-commerce lifestyle digital platforms and wireless telecommunications services. Tan said MNC viewed that its present expansion into the e-commerce industry would contribute positively to its future prospects. The lifestyle e-commerce platform combines social media features with an e-commerce marketplace that matches buyers and merchants. This platform is envisioned to feature lifestyle products and services, such as fashion apparel, food and beverages, health and beauty care products, entertainment, electrical and electronics devices, home products, sporting goods, and services, and hobbies.

KUALA LUMPUR (April 13): No Kinder chocolate products from the Ferrero Ardennes chocolate factory in Arion, Belgium that were reported to be contaminated with Salmonella typhimurium bacteria have entered Malaysia, according to the Food Safety and Quality Division (BKKM) of the Ministry of Health (MOH). He added the International Food Safety Authorities have also confirmed that the products in question were not exported to Malaysia. “The Kinder chocolate products that enter Malaysia are imported from Poland, Italy, Germany, India and other countries. “However, the ministry would intensify its monitoring of Kinder chocolate products at the country’s entry points to ensure that none of the tainted products enters the local market. The media on Wednesday reported that several products of Kinder chocolate, such as Kinder Surprise, Kinder Mini Eggs, Kinder Surprise Maxi 100g, Kinder Schokobons, and Kinder Egg Hunt Kit, were found to be contaminated with Salmonella typhimurium.

High Court Judge Abu Bakar Katar said the Magistrate’s Court erred in failing to decide on the respondent's defence without her being under oath. On Oct 28, 2019, a Magistrate's Court here acquitted and discharged the saleswoman of the charge at the end of the prosecution’s case without calling for her defence. Sam was also fined RM6,000 in default six months' jail. Defence lawyer Muhammad Faizal Mokhtar urged the court to grant a stay of execution as they planned to take the case to the Court of Appeal. Related stories:Prosecution files appeal over acquittal of saleswoman in ‘basikal lajak’ caseAGC to appeal against acquittal of woman in case where eight teen cyclists diedCourt upholds acquittal of driver in fatal ‘mat lajak’ case

He found out then that his clothes had been sewn to the sofa he was sleeping on. Apparently, his wife had decided to teach him a lesson for lazing around the house. She said she was upset that her husband had been napping for five hours instead of spending time with their children. “As I was sewing (him to the sofa), I felt all my stress melt away,” she said. “Sew his clothes today, (but if he continues to be lazy), sew his flesh tomorrow,” one netizen quipped.

KUALA LUMPUR (April 12): Artroniq Bhd (previously known as Plastrade Technology Bhd) has proposed to acquire the remaining 49% stake in Artroniq Innovation Sdn Bhd (AISB) for RM14.7 million. The power cable and ICT products distributor said the acquisition will be satisfied via the issuance of 26.07 shares at 56 sen a piece. The vendors of the 49% stake are Heng Chip Hian and Seniq Kinetic, the group said in a bourse filing. “The board views the proposed acquisition as an opportunity for the group to further improve its financial performance by fully consolidating the financial results of AISB after taking into consideration, amongst others, AISB’s financial performance,” said Artroniq. Shares in Artroniq ended 13 sen or 12.50% higher at RM1.17 on Tuesday (April 12), giving the group a market capitalisation of RM371.86 million.

KUALA LUMPUR (April 12): MY EG Services Bhd (MYEG)’s Zetrix blockchain has completed the foundational development for its Layer-1 blockchain functionalities and will launch its mainnet on Friday (April 15). Zetrix is the international extension of Xinghuo BIF, China’s largest national-level blockchain network supported by all levels of the Chinese government and running both governmental and commercial applications. MYEG’s recently launched non-fungible token (NFT) marketplace, NFT Pangolin, will be one of the first applications to be hosted on Zetrix and will introduce Zetrix-minted NFTs on the platform. Additionally, it also allows its owners to personalise a caption of their choice on the NFTs to make each of them one-of-a-kind. Shares in MYEG closed one sen or 1% lower at 99 sen on Tuesday, valuing the e-government service provider at RM7.33 billion.

COVID-19 VACCINE DEVELOPMENTSThe government of Japan has included Bharat Biotech’s Covaxin in the list of recognised vaccines to further facilitate travel from India, said the Indian embassy of Japan on April 7. Apart from Covaxin, Japan also recognises Pfizer’s Comirnaty, AstraZeneca’s Vaxzevria, and Covid-19 vaccines by Moderna and Janssen. Chinese scientists have designed a circular RNA (circRNA) vaccine that is able to induce effective neutralising antibodies against the dominant Omicron variants in animal testing. The European Union has accepted Malaysia’s Covid-19 vaccine certificates effective April 4. In a report, European Commission president Ursula Von Der Leyen said the EU had accepted Malaysia’s vaccine certificates in equivalence with the EU’s Digital Covid-19 Certificate.

KUALA LUMPUR (April 11): MIDF Research raised its target price (TP) for YTL Power International Bhd (YTLP) by 20% to 96 sen to reflect cash proceeds from the ElectraNet sale. Against a book value of A$258.2 million, the sale translates into a sizeable gain of RM2.2 billion, it added. The sale transaction values ElectraNet at a generous enterprise value of 1.6 times its regulated and contracted asset base,” it noted. YTLP shares are currently trading at 76 sen, down 1.5 sen or 1.94% from 77.5 sen at the close last Friday. Read also:YTL Power to dispose of entire stake in Australia’s ElectraNet for RM3 bil

Some are also justifiably concerned about the potential disclosure of the personal data of millions of MySejahtera users between private entities. In 2010, Malaysia passed the Personal Data Protection Act. Lesson #2: Do not disclose personal data of your customers/users to third parties without their consentRegardless of who legally owns the personal data, the more important question is this: Besides the government and KPISoft, who else had access to our personal data in MySejahtera? However, if it did have access and MySejahtera users had not consented to such access, it would be a breach of the PDPA. In short, tread carefully and seek expert advice, if necessary, whenever personal data is at stake.

A milestone in 1985 was the founding of the Institutional Shareholder Services and the Council of Institutional Investors in the US. In the 1990s, labour union pension funds replaced public pension funds as the main shareholder activism player, and mutual funds also jumped on the activism bandwagon. In Malaysia, minority shareholder activism is spearheaded by the Minority Shareholders Watch Group (MSWG). Additionally, Bursa may want to revamp the way the voting outcomes at shareholder meetings are announced by showing separately shares voted under the public float category, as the number of shares held by minority shareholders that voted at the AGM is a good indicator of minority shareholder activism. A hybrid shareholder meeting, with video streaming and availability of the minutes online, may further bolster the shareholder activism momentum.

MERSING: The search and rescue operation for the four missing divers who went missing off Pulau Tokong Sanggol on Wednesday (April 6) ended in tragedy when the fourth victim was confirmed dead. Johor Malaysian Maritime Enforcement Agency's (MMEA) director First Admiral Nurul Hizam Zakaria said that the rescue and search operation has ended after three of the victims have been found. "Three of the victims, Kristine Grodem, 35, from Norway, Alexia Molina, 18, from France and British national Adrian Chesters, 46, have been found. "However, another victim, Dutch national Nathan Renze Chesters, 14 is still missing and has been confirmed dead by his father (pic below)," he said. Earlier, three other divers who has been missing since Wednesday (April 6) has been found and is currently getting treatments at the KPJ Pasir Gudang and Mersing Hospital.

MELAKA: Out of love and responsibility, Awa Minhat, 79, has been taking care of her great-grandson for the past 18 years since he was a baby. The retiree also took four of his siblings under her wings after their parents went separate ways following a divorce. As long as I am alive, I will take care of them,” he told Bernama when met at her home in Bukit Piatu recently. Awa said she is raising all her great-grandchildren using her pension money and the RM200 that she received from the siblings’ mother every month. Asked about the children’s mother, Awa said the mother would ensure that her children’s schooling is taken care of such as handling their school registration and preparing for their school supplies.

Attorney General (AG) Tan Sri Idrus Harun told theedgemarkets.com this on Saturday when asked to comment on Ng's case in Malaysia following his conviction in the US on Friday. In Malaysia, Ng is facing charges under the Capital Market Services Act 2007 (CMSA). “We (Malaysia) will wait for the process of sentencing after which Roger [Ng] has the right to appeal against conviction and sentence,” Idrus said briefly. Although Ng is charged with abetment with Goldman Sachs, the charge against the US financial institution was dropped in September 2020 after it agreed to a US$2.5 billion financial settlement with Malaysia. Although the forfeiture was dismissed by the High Court last November, the prosecution is appealing the matter to the Court of Appeal.

Majored in mathematics at Columbia, did a summer internship at an investment bank that turned into a full-time analyst role. Crypto trading firms have done well since 2018, because they have the resources to invest in stellar talent whether market conditions are good or bad. SZ: To really get crypto, you must understand what it’s a reaction against and what it’s a movement toward. SZ: Investing in Deribit, the leading crypto options trading exchange, during the bear market. My commitment to that is an extension of the same ethos and philosophy that underpins my commitment to crypto.

Some of the stamps were from prominent companies such as Malaysia LNG Sdn Bhd, Petronas Gas Bhd, Petronas Carigali Sdn Bhd, Petronas Methanol (Labuan) Sdn Bhd, Petronas Chemicals Methanol Sdn Bhd, Petronas Refinery and Petrochemical Corp Sdn Bhd, Petronas Chemicals Ammonia Sdn Bhd, Sarawak Shell Bhd, Petronas Chemicals LDPE Sdn Bhd, Exxonmobil Exploration and Production Malaysia Inc, Petronas Carigali (Turkmenistan) Sdn Bhd, Petronas Chemicals Derivatives Sdn Bhd, Sabah Shell Petroleum Co Ltd, Shell MDS (Malaysia) Sdn Bhd, PRPC Utilities and Facilities Sdn Bhd and Shell Cyberjaya. Other findings include email exchanges between Serba Dinamik’s staff asking for purchase orders to be prepared under the names of Serba Dinamik’s local suppliers. Two of Serba Dinamik’s vendors under the VDP — Vibrant Victory Sdn Bhd and Technorette Sdn Bhd — had links either directly or indirectly to Serba Dinamik’s employees. Serba Dinamik International Ltd is a wholly owned unit of Serba Dinamik. There were also email communications between Lata and Serba Dinamik which suggest that Serba Dinamik was involved in preparing invoices for Lata.