Sibu dance festival returns in June
THE annual Sibu International Dance Festival (SIDF) is making a comeback after two years. Themed “Jejak Angin” (Wind Trail), the event will take place from June 9 to 11 at the Civic Centre in Sibu, Sarawak. They are Madhumita Raut Odissi Dance Group (India), Surya Medal Puteri Kencana (Indonesia), No.3355 (Japan), Albert Tiong Ing Siong, SCAPE Dance Residency and Singapore Chinese Dance Theatre (Singapore), and Team Vibe Worldwide from the Philippines. Among them are Surya Medal Puteri Kencana who performed in 2017, Team Vibe Worldwide in 2018 and the Singapore Chinese Dance Theatre in 2012. The event is organised by Hornland Dance Theatre and supported by the Sarawak Tourism, Creative Industry and Performing Arts Ministry and Sibu Municipal Council.
Source:The Star
May 21, 2022 00:00 UTC
CEO: TRX infrastructure 99% completed
KUALA LUMPUR (May 20): Tun Razak Exchange (TRX) is now 99% completed, with the remaining 1% comprising major infrastructure works which are nearing completion, master developer of the financial district TRX City Sdn Bhd said. “Although we were constrained by the Movement Control Order (MCO) resulting from the Covid-19 pandemic, we managed to continue developing TRX and the successfully completed buildings today are Menara Prudential and HSBC Bank,” TRX City chief executive officer Datuk Azmar Talib told the media at the Hari Raya open house at Raintree Plaza, TRX here on Friday. Azmar said although TRX City is the master developer, the development of the individual plots depend on the respective land owners. On global inflationary pressures and rising interest rates, Azmar said the company does not rule out their impact on TRX, but (the fact remains that) it has completed most of the development work. “We will be completing the work, but moving forward we have to be aware (of this inflationary pressures and rising rates) and we have to adjust with this.
Source:The Edge Markets
May 20, 2022 22:01 UTC
Bandar Parklands folk up in arms over high-density project
They carried out a peaceful protest outside the site of a proposed development off Jalan Persiaran Delima 2 in Bandar Parklands. Bandar Parklands RA Precinct 3A chairman Kuldip Singh, who is also the ad-hoc committee chairman coordinating the protest, said a majority of the residents in Bandar Parklands had voiced out against the mega high-rise project. Bandar Parklands Precinct 3 chairman Ken Chew, 46, was worried that the high-density project would contribute to traffic congestion while Bandar Parklands Lorong Delima 13A Precinct coordinator Kan Kim Seng, 68, said the entire community would benefit from a lower plot ratio. Bandar Parklands Lorong Delima 59A resident, T. Selvarajah, 65, said developing the land would be a grave mistake in light of frequent flash floods in the area. Bandar Parklands Jalan Delima 14A RA coordinator K. Rajoo agreed, saying the development in the area consisting largely of single-family homes was too big for the local infrastructure to handle.
Source:The Star
May 20, 2022 12:21 UTC
Musk's Starlink plans to provide internet service via satellite in Malaysia
LOS ANGELES (May 20): Starlink, a high-speed, low-latency broadband internet provider operated by Elon Musk's aerospace company SpaceX, plans to expand its footprint in Malaysia to enable the country to increase its internet penetration rate, especially in the rural areas. Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said, however, several matters were still being considered by the government on Starlink's (policy-related) proposals to introduce internet service using satellites. Azmin was speaking to Bernama and TV3 journalists after meeting with representatives of SpaceX and Starlink at the SpaceX headquarters here on Wednesday (Thursday in Malaysia). Besides meeting with SpaceX dan Starlink, Azmin also had a meeting with Cue Health Inc, a healthcare technology company that develops portable diagnostic tests for at-home use. "They have identified several suitable sites for this investment, and they will be in Malaysia in June to finalise a suitable place for the investment in Malaysia," he said.
Source:The Edge Markets
May 20, 2022 11:38 UTC
EEA roadshow makes its way to Penang
(from left) FMM’s Lee, Pentamaster Corp’s Chuah and Standard Chartered Malaysia’s Woon are among the panellists for the first panel session during the upcoming EEA 2022 Penang roadshow on May 27, to be held at The Wembley, St Giles Hotel in Penang. The EEA 2022 Penang roadshow will be held on May 27, starting 2.30pm, at The Wembley, St Giles Hotel. Yeoh, for one, has been the CEO of Digital Penang since April 2020. A government agency for Penang state, Digital Penang was established to accelerate efforts to capture opportunities in the digital economy and promote a digitally engaged society. To register for the EEA 2022 Penang roadshow, visit http://bit.ly/EEAPenang.
Source:The Star
May 20, 2022 00:09 UTC
Malaysians have learnt how to live with Covid-19, says KJ
KUALA LUMPUR: The adoption of Covid-19 preventive measures by the Malaysian public, such as the voluntary use of face masks when outdoors shows that the rakyat know how to live with Covid-19, says Khairy Jamaluddin. "We can see how well the Malaysian public have behaved during the transition to the endemic phase. "They also know that they have to isolate themselves if they have Covid-19 symptoms or when they are infected. "Malaysians have the capability to make this transition to endemicity a success without the need to enforce laws or issue compounds. "This is a success for the Malaysian public," said Khairy.
Source:The Star
May 19, 2022 22:32 UTC
Malaysia ranks among top 10 nations with cheapest gasoline prices
KUALA LUMPUR (May 19): Malaysia ranks among the top 10 nations with the cheapest gasoline prices in the world. The portal tracks the retail prices of motor fuel, electricity, and natural gas in over 150 countries. Malaysia is the 10th cheapest on the list at 46.6 cents per litre of gasoline. The cheapest gasoline price is in Venezuela at 2.2 cents per litre. Meanwhile, neighbouring Indonesia’s average gasoline price was US$1.136 per litre, and it was US$1.497 a litre in the Philippines, while Singapore's was at US$2.219.
Source:The Edge Markets
May 19, 2022 17:31 UTC
CPO price may have peaked, correction imminent — Public Investment
"A correction for CPO price is imminent. Chong thinks the CPO prices have peaked and expects to see correction in the next three to six months. Chong has downgraded his call on the plantation sector to “neutral” from “overweight” amid CPO price having reached its peak. “We also downgrade Kuala Lumpur Kepong Bhd (TP: RM26.62), TSH Resources Bhd (TP: RM1.48) and Ta Ann Holdings Bhd (TP: RM5.16) as valuations look unattractive based on our new TPs,” he added. At the time of writing, CPO price for June 2022 fell RM100 to RM6,594 a tonne, while the price for July 2022 CPO dropped RM110 to RM6,254 a tonne and August 2022 CPO shrank RM98 to RM6,036 a tonne.
Source:The Edge Markets
May 19, 2022 05:36 UTC
Curious about investing in the metaverse?
Sharing many experiences and tips on May 28 and 29, Nicole and many other guest speakers such as the world’s top blockchain, NFT, crypto and metaverse experts are teaming up to share their investing experiences with the world. Besides Nicole, social media influencers Agon Hare and Sonya Mulkeet – or commonly known as Project Nightfall – will also be talking about their investing foray into the metaverse. As early adopters of the metaverse, Project Nightfall will be shedding light on the bounty of opportunities in the metaverse. Hence, for those interested in the metaverse and doing charity work, this is a topic you should not miss! With this summit, serious investors have the opportunity to gain first-hand insight on new investing ideas and exposure on the up-and-coming potential in the metaverse and Web3 era.
Source:The Star
May 19, 2022 05:12 UTC
June 8 fixed to hear creditors' application to appoint interim liquidator and Serba Dinamik's application to cross-examine winding-up petition
Serba Dinamik's counsel Mak Lin Kum also informed the court that a scheme of arrangement was also filed on Friday. It is understood that four subsidiaries of Serba Dinamik and the parent company had filed for a scheme of arrangement and they are SD Controls Sdn Bhd, Serba Dinamik Development Sdn Bhd, Serba Dinamik Group Bhd (SDGB), and Serba Dinamik Sdn Bhd (SDSB). It is understood the scheme of arrangement will be fixed before another High Court (commercial division) on Thursday. The subsidiaries were Serba Dinamik International Ltd (SDIL) based in Labuan, SDSB, and SDGB. The creditors have proposed Victor Saw Seng Kee, a licensed liquidator of PricewaterhouseCoopers Advisory Services Sdn Bhd, to act as liquidator of Serba Dinamik, SDGB, SDSB and SDIL.
Source:The Edge Markets
May 19, 2022 02:49 UTC
Kanger terminates MoUs after failing to get nod to distribute Sinopharm vaccines
On Oct 23, 2020, it entered into an MoU with Zuellig Pharma to collaborate on the distribution of Covid-19 vaccines in Malaysia. Another MoU was signed between Kanger and K-Star on Oct 26, 2020 for the purpose of appointing K-Star as the sale agent of the vaccines for private clinics here. In separate bourse filings on Wednesday (May 18), the ACE Market-listed Kanger said the MoUs have been terminated following the approval by the DCA for another company to be the registered holder for the Sinopharm Covid-19 vaccines. Kanger also said its MoU with the Sabah State government for the purpose of procuring and importing the Sinopharm vaccines into Sabah whereby Kanger would be appointed as the sole and exclusive distributor of the Sinopharm vaccines in the State has also been terminated. On Tuesday (May 17), Kanger announced that it had terminated a collaboration agreement with Sinopharm Group Hunan Changde Medical Co Ltd.Kanger shares closed down 0.5 sen or 8.33% at 55 sen on Wednesday, bringing it a market capitalisation of RM30.66 million.
Source:The Edge Markets
May 19, 2022 02:36 UTC
QuickCheck: Are Covid-19 vaccination certs mutually recognised among Asean countries?
WITH borders reopened and more people travelling between countries, there have been questions about the acceptance of Covid-19 vaccination certificates, especially for regional travel. Are such certificates mutually recognised among Asean countries? Verdict:TRUEFully-vaccinated travellers can breathe a sigh of relief as Asean countries agreed to mutually recognise each other's Covid-19 vaccination certificates to facilitate seamless and safe cross-border travel. "This is to ease Covid-19 vaccination certificate verification issued by each Asean country," Aaron Ago. READ ALSO:1: Covid-19: Asean countries agree to mutually recognise vaccination certs2: Mutual recognition of vaccine certs to boost border travel3: Asean’s collective acceptance of vaccine certs the ‘right move’
Source:The Star
May 18, 2022 07:57 UTC
Bursa extends gains at opening as buying interest in commodity, O&G counters returns
KUALA LUMPUR (May 18): Bursa Malaysia extended Tuesday's (May 17) gains to open higher as buying interest in selected commodity and oil and gas (O&G)-related heavyweights returned. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.18 points to 1,553.78 from Tuesday's close of 1,548.6. The benchmark index opened 5.55 points higher at 1,554.15. On the broader market, gainers surpassed decliners 213 to 109, while 231 counters were unchanged, 1,702 untraded and 11 others suspended. The research firm said further buying interest is also expected in the technology sector following Nasdaq’s strong rally overnight.
Source:The Edge Markets
May 18, 2022 01:38 UTC
DNeX inks MoU with Foxconn unit to build and operate wafer fabrication plant in Malaysia
KUALA LUMPUR (May 17): Dagang NeXchange Bhd (DNeX) has teamed up with a unit of Taiwanese giant Hon Hai Precision Industry Co Ltd (better known as Foxconn) to build and operate a wafer fabrication plant in Malaysia. The proposal is to build and operate a 12-inch wafer fabrication plant here, capable of producing up to 40,000 wafers per month in 28-nanometer and 40-nanometer technology. The entire SilTerra stake was sold by Khazanah for RM273 million. Subsequently, Foxconn bought 120 million DNeX shares in June 2021, representing 5.03% stake for RM108 million or 90 sen per share. In December 2021, DNeX said it was in talks with CGP and its shareholder Foxconn regarding SilTerra's expansion plan.
Source:The Edge Markets
May 17, 2022 22:16 UTC
Flight health protocols must be consistent, simpler to aid aviation recovery, says Dr Wee
PETALING JAYA: Health protocols for flights must be consistent, simpler and predictable to ensure smooth and full recovery in the aviation industry, says Datuk Seri Dr Wee Ka Siong (pic). Dr Wee said at present, recovery in air travel was slowly picking up around the world as many countries begin easing travel restrictions. "This requirement can be confusing and certainly has added more cost and even stress for passengers," added Dr Wee. This, said Dr Wee, marks a 30% to 45% recovery from the pre-pandemic traffic levels in 2019. "In view of this, the Malaysian government hopes that CPO will be included as an acceptable feedstock under Corsia in the future," added Dr Wee.
Source:The Star
May 17, 2022 18:45 UTC