‘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
September supplementary electoral roll open for review
KUALA LUMPUR: The Supplementary Electoral Roll for September 2022 (DPT BLN9/2022), which has been verified and gazetted, is now open for review for 30 days from now until Dec 31. He said it also involved 27,104 registered voters who changed constituencies, and 11,049 voters who changed status or category of voters. The EC provides five methods for review, namely, via its portal at https://www.spr.gov.my or https://mysprsemak.spr.gov.my and the official portals of state election offices at http://ppn.spr.gov.my. The review can also be done through online applications at https://myspr.spr.gov.my, mobile application MySPR Semak, and the EC hotline at 03-8892 7218. Forms C and D can also be downloaded from the State Election Offices’ portals at http://ppn.spr.gov.my, and should be submitted to the state election director concerned during office hours on any working day during the review period of the DPT BLN9/2022, he added.
Source:The Star
December 02, 2022 23:38 UTC
EC: Review of September Supplementary Electoral Roll now open
KUALA LUMPUR: The Supplementary Electoral Roll for September 2022 (DPT BLN9/2022), which has been verified and gazetted, is now open for review for 30 days from today until Dec 31, says Datuk Ikmalrudin Ishak. He said it also involved 27,104 registered voters who changed constituencies and 11,049 voters who changed status or category of voters. The EC provides five methods for review, namely, via its portal at https://www.spr.gov.my or https://mysprsemak.spr.gov.my and the official portals of state election offices at http://ppn.spr.gov.my. The review can also be done through online applications at https://myspr.spr.gov.my, mobile application MySPR Semak and the EC hotline at 03-8892 7218. “If they find that their name is not listed in the electoral roll, they can make a claim by filling out form C (claim) through the online application at https://myspr.spr.gov.my or go to the respective state election offices,” he said.
Source:The Star
December 02, 2022 23:14 UTC
Bursa ends lower on lack of buying catalysts
Turnover decreased to 3.35 billion units worth RM2.28 billion versus 3.94 billion units worth RM3.07 billion on Thursday. Sector-wise, the Financial Services Index sank 120.44 points to 16,446.42, the Industrial Products and Services Index eased 1.42 points to 181.82, and the Plantation Index dropped 13.44 points to 6,807.85, while the Energy Index added 14.8 points to 800.11. The Main Market volume decreased to 2.22 billion shares worth RM1.92 billion against 2.36 billion shares worth RM2.49 billion on Thursday. Warrants turnover shrank to 235.54 million units valued at RM39.49 million from 433.85 million units valued at RM74.16 million. The ACE Market volume dwindled to 889.48 million shares worth RM320.66 million from 1.15 billion shares worth RM504.39 million previously.
Source:The Edge Markets
December 02, 2022 15:35 UTC
U.S. personal spending rises in October
WASHINGTON, Dec. 1 (Xinhua) -- U.S. households increased spending in October from the previous month, government figures released on Thursday showed. Personal spending in October grew 0.8 percent from September, according to data released by the U.S. Commerce Department. The data suggests that interest rate hikes by the U.S. Federal Reserve have not prevented consumers from spending, even if they must dig into their savings. Spending in October was mainly driven by purchases of new autos, as well as spending on housing and food items. "Households are heading into the holiday season in fairly good shape," said Ryan Sweet, chief U.S. economist at Oxford Economics, as quoted in Investing.com and published in Yahoo Finance.
Source:The Star
December 02, 2022 04:53 UTC