Manufacturing firm fined RM245,000 for hiring illegals
SEREMBAN: A manufacturing company in Nilai near here has been fined RM245,000 by the Sessions Court for allowing 49 illegals to enter and remain in its premises. The Immigration Department in a statement said a company director pleaded guilty after the charges were read to him before judge Diana Md Razali. The director was also ordered to serve three months in jail in the event he was unable to pay the fine. Offenders can be fined between RM5,000 and RM30,000 or imprisonment not exceeding 12 months or both for each illegal immigrant upon conviction. Immigration officers had detained the illegals while they were working during an operation on Nov 2.
Source:The Star
December 09, 2022 01:54 UTC
Bermaz 2Q net profit more than doubles, declares 3.5 sen dividend
Bermaz declared a second interim single-tier dividend of 3.5 sen per share, to be payable on Jan 6, 2023, bringing the total dividend declared for the cumulative six months ended Oct 31, 2022 (6MFY2023) to 6.5 sen per share (6MFY2022: two sen per share). Earnings per share increased to 5.65 sen in 2QFY2023 from 2.24 sen in 2QFY2022. For 6MFY2023, Bermaz recorded a revenue of RM1.5 billion and a net profit of RM115.83 million, greater than 6MFY2022's revenue of RM804.63 million and net profit of RM36.31 million. "This had compounded the microchip and component shortage situation and resulted in delays in the delivery of vehicles. Bermaz settled unchanged at RM1.99 on Thursday, valuing the group at RM2.32 billion.
Source:The Edge Markets
December 08, 2022 17:46 UTC
Sabah eyeing Indian tourist market, says Bangkuai
Bangkuai hosted a dinner for the India Market Tour Agents of the Malaysian Association of Tour and Travel Agents (MATTA) in Kota Kinabalu on Wednesday (Dec 7). As such, the state will intensify efforts to lure Indian tourists as they represented the fastest-growing outbound market. Bangkuai, who is also Sabah Tourism Board (STB) chairman, assured that the STB was actively pursuing the Indian market. On Wednesday (Dec 7), Bangkuai hosted a dinner for the India Market Tour Agents of the Malaysian Association of Tour and Travel Agents (MATTA). He said that about 700,000 Indian tourists visited Malaysia in 2019, and the fact that a portion of them flew to Sabah demonstrated that Indian tourists were already making plans to experience the country's unique destinations.
Source:The Star
December 08, 2022 17:40 UTC
MoH to re-examine tobacco GEG policy
Getting Started Junior Member108 postsJoined: Jul 2006https://www.nst.com.my/news/nation/2022/12/...-policy-says-drHealth Ministry to re-examine tobacco generational endgame policy, says Dr ZalihaThe tobacco generational endgame (GEG) policy will be re-examined in terms of its implementation through the Control of Tobacco Product and Smoking Bill 2022, which has yet to be approved in Parliament, said Health Minister Dr Zaliha MustafaQUOTE KUALA LUMPUR: The tobacco generational endgame (GEG) policy will be re-examined in terms of its implementation through the Control of Tobacco Product and Smoking Bill 2022, which has yet to be approved in Parliament, said Health Minister Dr Zaliha Mustafa. "Generally, to me, it (GEG policy) has its advantages, but I have to look at its the implementation process once we have reached a decision as it cannot be drastic...," she said when appearing as a guest on Bernama Radio's Bersama Pemimpin programme here today. Dr Zaliha said that in helming the ministry, she was open to receiving advices and suggestions from former health ministers and stakeholders. As Malaysia's first woman health minister, Dr Zaliha said her biggest challenge was to maintain excellence in the ministry and improve the country's healthcare services. The bill was tabled for the first reading by former health minister Khairy Jamaluddin on July 27, but was later referred to the Parliamentary Special Select Committee for fine-tuning.
Source:New Strait Times
December 08, 2022 11:52 UTC
‘Great things happen when great people come together’
PETALING JAYA: Star Media Group (SMG) chief business officer Lydia Wang has dedicated her win of the World Chinese Outstanding Woman Business Leader Award to the media company team. “This award is a reminder that great things happen when great people come together, and all that SMG has achieved would not have been possible without my colleagues. “This includes a monthly ESG pullout, the ESG Positive Impact Awards, as well as thought leadership and knowledge sharing programmes,” she added. Formerly known as the World Chinese Economic Summit, the GCET Summit aims to enhance connections and promote business, education and technology partnerships among global leaders. Wang was also conferred the World Women Media Leadership Award by KSI earlier this year.
Source:The Star
December 08, 2022 04:38 UTC
Dayang falls 3.7% after EPF ceases to be substantial shareholder
KUALA LUMPUR (Dec 8): Shares in Dayang Enterprise Holdings Bhd fell 3.73% in early trade on Thursday (Dec 8) after the company reported in a Bursa Malaysia filing on Wednesday that the Employees Provident Fund (EPF) has ceased to be its substantial shareholder less than a month after attaining the status. At 9.15am, Dayang fell five sen to RM1.29 with 665,200 shares traded. The pension fund disposed of 1.15 million shares or a 0.1% stake in the oil and gas marine support service provider on Dec 2, slashing its stake to 4.96% (57.42 million shares). On Nov 11, EPF emerged as a substantial shareholder of Dayang with a 5.01% stake (58.03 million shares), and subsequently upped its stake to as high as 5.37% (62.17 million shares) by Nov 21. However, EPF then began paring its shareholding in Dayang on Nov 22, and by Dec 1 its equity interest in the group stood at 5.059% (58.57 million shares) after offloading a cumulative 3.6 million shares or 0.31% stake over six transactions in that one-week span.
Source:The Edge Markets
December 08, 2022 02:20 UTC
SC to bolster defence against cyber attacks
KUALA LUMPUR: The Securities Commission (SC) is making serious efforts to strengthen the capital market’s overall capabilities and ability to withstand cyber attacks. Chairman Datuk Seri Awang Adek Hussin said cyber resilience is imperative for all capital market participants and a significant priority for the SC. Other CMP3 initiatives are developing an approach to bolster the industry’s cyber defence capabilities as well as a framework to regulate technology risks more holistically, he added. Awang Adek said as cyber threats increase in volume and sophistication and as technology becomes more essential, cybersecurity requires a holistic approach that addresses both cyber and technology risks. The yearly Capital Market Cyber Simulation event is designed to simulate cyber event scenarios as close to the real situation as possible, and around 110 organisations across the capital market spectrum participated in the year’s exercise.
Source:The Star
December 07, 2022 11:55 UTC
Anwar: RM7bil approved for flood mitigation initiatives on hold, to be reviewed
PUTRAJAYA: The RM7bil that has been approved for flood mitigation initiatives will not proceed and will undergo a review, says Datuk Seri Anwar Ibrahim. The Prime Minister said this was because it was found that it was approved through direct negotiation and not through tender. "We will have this reviewed so that there will be transparency. Anwar has assumed the post of Finance Minister in his 28-member Cabinet line-up. The previous administration had announced a Flood Mitigation Plan worth RM15bil until 2030 as a long-term strategy to adapt to climate change facing the country.
Source:The Star
December 06, 2022 22:37 UTC
Shuttlers want to serve best parting gift for coach Eei Hui
Eei Hui will leave for New Zealand next February to coach the North Harbour Club in Auckland. “All of us have one mission, to do well, that will be the best parting gift for our coach,” said Shevon. “Soon Huat and I have been training under her since 2015. 11 Shevon and Soon Huat have not won any titles this year but they have beaten several top players. “Overall, it has been a good year for Soon Huat and me but it could have been better.” she said.
Source:The Star
December 06, 2022 06:35 UTC
Britain near bottom of the heap for growth potential
LONDON: Britain’s growth potential has fallen behind every large economy except Mexico due to collapsing productivity and severe labour market shortages, according to former Bank of England rate-setter Michael Saunders. Potential output, a mixture of productivity and workforce growth, is a measure of how fast an economy can expand before generating inflation. “Low potential growth implies low growth in real living standards,” Saunders wrote in a note. Britain was “roughly in the middle of the pack” of the 43 OECD nations for potential growth between 2010 and 2019, Saunders said. “Unless offset by persistently high inward migration, adverse demographics driven by population ageing are likely to further limit workforce growth in the coming years,” he said.
Source:The Star
December 05, 2022 13:12 UTC
Fadillah Yusof creates history, first Malaysian from Borneo state appointed as DPM
KUCHING (Dec 3): Petra Jaya Member of Parliament Datuk Seri Fadillah Yusof created history as the first Malaysian from Sarawak, one of the Borneo states in Malaysia, ever appointed as deputy prime minister. For the late Yusof, it was a struggle between life and death for the nation but for Fadillah the struggle is definitely more than that. By now, Fadillah’s popularity was not just limited to Petra Jaya. Following his success in retaining his Petra Jaya seat in GE13, Fadillah was promoted to full minister to helm the Works Ministry in 2013. With this new trust placed on him by Prime Minister Datuk Seri Anwar Ibrahim, who also named him Plantations and Commodities Minister, Fadillah is certainly able to uphold that responsibility as he has shown over the years.
Source:The Edge Markets
December 03, 2022 21:11 UTC
New gallery honours Penang’s homegrown talents
TO RECOGNISE the achievements of the state’s athletic talents, Penang State Sports Council (MSNPP) has set up a sports gallery at the Sony Sports and Recreation Complex in Seberang Jaya near Butterworth. Penang State Sports Council members playing chess at the gallery which also has a space for children. “The sports gallery costing RM200,000 was developed with a family-friendly concept which includes space for children,” said Chow when opening the gallery. Chow said it was Soon who proposed setting up the sports gallery to inspire young people. The gallery will be open to the public on Saturdays and Sundays from 9am to 5pm.
Source:The Star
December 03, 2022 15:11 UTC
Bursa likely to move higher next week on improved sentiment
KUALA LUMPUR (Dec 3): Bursa Malaysia is likely to trend higher next week, to retest the 1,500 mark, on improved sentiment despite the regional market volatility, said an analyst. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng expects the FTSE Bursa Malaysia KLCI (FBM KLCI) to trend within the 1,480-1,510 range. "Technically, the FBM KLCI will remain sideways with a trading range of between 1,465 and 1,500," Leong said. Weekly turnover shrank to 15.39 billion units worth RM12.23 billion from 22.82 billion units worth RM13.19 billion in the previous week. Warrants volume fell to 1.44 billion units worth RM247.57 million from 1.84 billion units worth RM249.65 million previously.
Source:The Edge Markets
December 03, 2022 15:10 UTC
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Source:New Strait Times
December 02, 2022 23:41 UTC