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Source:The Edge Markets
June 06, 2022 14:54 UTC
Macron to reform pension system by mid-2023
PARIS: President Emmanuel Macron aims to reform France’s pension system by the summer of 2023, he told French news outlets in his first extended interview since his re-election in April. Macron, who planned to reform the retirement system in 2020, had to postpone the change when the Covid-19 pandemic hit. Macron said he was “outraged” by the disorder around the stadium and backed compensation to families that could not reach their seats. Macron said there wouldn’t be any risk of power cuts next winter despite the shutdown of several nuclear reactors. Macron did not rule out travelling to Ukraine, where he hasn’t been since Russia’s military invaded in late February.
Source:The Star
June 06, 2022 08:16 UTC
My Say: Covid-19 is a dress rehearsal for the climate emergency
So, if I may put it bluntly, Covid-19 is just a dress rehearsal. Every year, we lose ecosystem services worth more than 10% of our global economic output. Planetary health: You reap what you sowThe term “planetary health” first appeared in medical journal in 2014, which called for a movement that recognised that the health of people, wildlife and domesticated animals, and natural ecosystems are all interconnected. The heavy toll on our lives and livelihoods have arisen from deforestation, environmental degradation and a warming Earth. If we don’t get our act together now, there is a 50% chance that global warming will exceed 1.5°C in the next two decades.
Source:The Edge Markets
June 06, 2022 04:23 UTC
GLC senior executive, wife detained over alleged RM600,000 bribe
PUTRAJAYA (June 5): A senior executive of a government-linked company and his wife were detained by the Malaysian Anti-Corruption Commission (MACC) on Saturday (June 4), allegedly for soliciting and receiving bribes amounting to over RM600,000 for appointing a transport company for a product distribution job. According to an MACC source, the couple, in their fifties and forties, were arrested at about 7pm at a house in Petaling Jaya, Selangor. His wife, meanwhile, is believed to have colluded with him in committing the offence. The MACC source said the wife was also believed to have control over the debit card of the said transport company, whereby its owner was involved in the official duties of her husband. The commission’s senior investigation director Datuk Seri Hishamuddin Hashim when contacted, confirmed the couple’s arrest under Section 17(a) of the MACC Act 2009.
Source:The Edge Markets
June 06, 2022 00:27 UTC
Second-hand housing market recovers in May
BEIJING: China’s second-hand housing market regained some lost ground last month as the country eases financing and restrictions for home buyers, according to a report by the Beike Research Institute. In May, the sales volume of previously-owned homes in 50 cities rose by about 14% from a month ago, according to the report. Meanwhile, some cities in Northeast China and the Yangtze River Delta region saw sales more than double, it noted. Prices of pre-owned homes, however, fell 0.9% from April in the 50 cities, widening from the 0.3% decline last month, it said. The report estimates sales volume to further expand and prices to stabilise in the second half of this year.
Source:The Star
June 06, 2022 00:04 UTC
King: All parties should formulate long-term plan for Malaysia's glory
KUALA LUMPUR (June 5): Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah has urged the government and all parties, regardless of political beliefs, to formulate a long-term plan to bring the country back to the pinnacle of success in the post-pandemic era. Al-Sultan Abdullah said in order to face future challenges in the post-pandemic era, the country’s management needs to have a plan that covers various sectors and aspects of life. The country’s recovery requires a close symbiosis between the government and my subjects. Al-Sultan Abdullah said this in his royal address in conjunction with His Majesty’s official birthday celebration on Monday (June 6). According to Al-Sultan Abdullah, it is not an easy feat to steer the country out of the effects of the Covid-19 pandemic.
Source:The Edge Markets
June 05, 2022 19:10 UTC
GLC senior exec, wife detained for allegedly soliciting RM600,000 bribe
PUTRAJAYA: A couple has been remanded to help in a bribery probe into claims that they received money totalling more than RM600,000 for the appointment of a transportation company for a government-linked company. The husband and wife, who are in their 50s and 40s respectively, were arrested at their home in Petaling Jaya at about 7pm on Saturday (June 4). It is learnt that the man, a senior executive in a GLC, had demanded for “monthly payment” of about RM20,000. It is learnt that the senior executive had been suspended from his duties at the company. Malaysian Anti-Corruption Commission (MACC) senior director of investigation Datuk Seri Hishamuddin Hashim confirmed the couple’s arrest.
Source:The Star
June 05, 2022 17:10 UTC
Ain Husniza and father object to govt lawyer defending teacher, ex-HM
GEORGE TOWN: Student Ain Husniza Saiful Nizam and her father, Saiful Nizam Ab Wahab, who filed a countersuit against a teacher and former headmistress, have objected to government lawyers representing the duo. In an affidavit, they said it was improper and irregular for a senior federal counsel to defend Ain's teacher and the headmistress, the defendants in the civil case. ALSO READ: Ain Husniza to countersue physical education teacher for RM5milThey said if government lawyers represent a public servant in a personal capacity, the Attorney General's Chambers must first issue a certificate allowing them to do so. The affidavit was confirmed by lawyer SN Nair, who submitted it on their behalf at the Klang Sessions Court recently. ALSO READ: Teacher sues Ain Husniza, father for alleged defamationKhairul Nizam Sanuddin, 43, a teacher at SMK Puncak Alam, sued Ain and her father for allegedly making defamatory remarks against him on social media and through press interviews.
Source:The Star
June 05, 2022 09:06 UTC
Penang to roll out the LRT
The pre-qualification process of the project, which is part of the RM46bil Penang Transport Master Plan (PTMP), will be held in the second quarter, followed by the RFP in the third quarter. “We are not totally relying on the Federal Government, which is why RFPs are being called for the project,” Zairil added. He said the state is now in the process of submitting the Environmental Impact Assessment (EIA) report for the LRT alignment in Penang South Reclamation (PSR) project, including an LRT depot on island A. “Seberang Prai is the future of Penang, and a balanced development will be brought to the Penang mainland under the Penang Structure Plan 2030 (RSNPP 2030), which was gazetted in October 2019. Chow added that the Penang Development Corporation will be the catalyst in implementing the development, with the focus on accelerating growth and development of a green and smart city.
Source:The Star
June 04, 2022 14:58 UTC
Wall St ends down with strong jobs data keeping the pressure on for rate hikes
(June 4): Wall Street's three major stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve's aggressive policy-tightening which is needed to cool decades-high inflation. While the jobs report was reassuring for the current state of the economy, investors focused primarily on its potential influence on central bank policy. Shawn Snyder, head of investment strategy at Citi Personal Wealth Management, saw the solid report as a double-edged sword. Money markets are fully pricing in 50 basis-point rate hikes by the Fed in June and July. Declining issues outnumbered advancing ones on the NYSE by a 2.68-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored decliners.
Source:The Edge Markets
June 04, 2022 09:15 UTC
Malaysia received 1 million tourists since opening borders on April 1
BUKIT JELUTONG: Malaysia has seen about one million travellers arrive since it reopened its borders on April 1, says Datuk Seri Nancy Shukri. The Tourism, Arts and Culture Minister said the number meant that the country has reached the halfway mark of its "Malaysia Truly Asia 2022" campaign target of two million tourist arrivals. "Looking at the tourist arrivals from two months ago, from Singapore alone we have received about 600,000 travellers. Nancy explained that travellers were interested to come to Malaysia due to the more relaxed standard operating procedures. Nancy officiated the #GoJalanLah campaign, a collaboration between Tourism Malaysia and Firefly airlines to promote domestic travel.
Source:The Star
June 04, 2022 08:54 UTC
Hiring of foreign workers should be allowed to alleviate labour crunch, but only as short-term fix, says CIDB chief
"The construction sector needs the optimal amount of manpower for construction projects to be completed within schedule." He noted that currently, the construction sector workforce comprise mostly foreign workers. "The border closures and halting of applications for the entry of new foreign workers have affected construction activities. The reduction in the number of foreign workers can be seen from the trend of ownership of temporary employment visit passes (TEVP) (see table)," he said. "Currently, the application and admission process for foreign workers is done through the foreign workers centralised management system under the supervision of the Ministry of Human Resources.
Source:The Edge Markets
June 04, 2022 05:53 UTC
Elon Musk says Tesla needs to cut staff by 10%, pauses all hiring
SAN FRANCISCO: Tesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives on Thursday seen by Reuters. The message came two days after the world's richest man told employees to return to the workplace or leave the company. In an email titled "pause all hiring worldwide," Musk said he had a "super bad feeling" about the economy. On Tuesday, Musk told staff to return to the workplace or leave the company, a demand that has already faced pushback in Germany where the company has a new factory. "Everyone at Tesla is required to spend a minimum of 40 hours in the office per week," Musk wrote in that email.
Source:The Star
June 03, 2022 18:05 UTC
Govt to set up fund for patients with rare diseases
BAGAN SERAI (June 3): The government is working towards creating a fund to help patients with rare diseases seek treatment, said Deputy Health Minister Datuk Dr Noor Azmi Ghazali. He said this was necessary because treatment for rare diseases is expensive and the families of patients usually could not afford it. “Rare diseases are due to a lack of enzymes in the body,” he said at a press conference after handing over contributions to a rare disease patient, Saffiyya Aisyah Sahrul Asyraf Sharuddin, six, at Bukit Merah Laketown here on Friday. He said the government would provide assistance if it received reports of patients who could not pay for their treatment. My daughter has been suffering from muscle cancer since four years old and has already undergone two operations,” she said.
Source:The Edge Markets
June 03, 2022 16:17 UTC
MACC probing 25 cases of Covid-19 mismanagement
PUTRAJAYA: A total of 25 investigation papers on alleged mismanagement of Covid-19 involving various offences have been opened, says Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki. He said the MACC would summon those involved to assist in the investigations and would also inform accordingly the developments of the cases. He did not rule out the possibility the cases involved various agencies, including the Health Ministry. On May 25, the MACC chief commissioner said corruption involving the procurement of medical equipment and medicine was uncovered during the Covid-19 pandemic. “During the pandemic, many nations were dishing out economic assistance and making medical equipment and medicine purchases through emergency funds.
Source:The Star
June 03, 2022 13:01 UTC