Severe doc shortage may get worse
PETALING JAYA: The shortage of medical officers in the national healthcare system may take a turn for the worse due to a change in policy, laments a group of affected doctors. Those working in the already short-handed national healthcare system are concerned that they will be overburdened further. “Although this move can make the affected contract doctors happier, it will be better for the government to improve the current contract system holistically and tackle the predicament faced by contract doctors,” he said. Dr Muhammad said the Public Service Commission should create more permanent positions for contract doctors, alongside specialist programmes to allow them to serve within the national healthcare system. Contract doctors appointed after 2016, as well as those who had taken loans before 2016, are eligible to terminate their bonds.
Source:The Star
July 13, 2022 20:10 UTC
MN Holdings clinches EPCC contract in Pekan worth RM12.2m
KUALA LUMPUR (July 13): MN Holdings Bhd has secured a contract for the engineering, procurement, construction and commissioning (EPCC) of high-voltage systems and related works for a large-scale solar photovoltaic (LSSPV) plant in Pekan, Pahang worth RM12.2 million. According to the group, ERS Energy is a solar EPCC service provider with over 10 years of industry experience in residential solar, commercial and industrial solar and large-scale solar projects. “We will continue to leverage our deep experience in the underground utilities and substation engineering segment to secure more projects moving forward,” said MN Holdings executive director Dang Siong Diang. The contract, which spans for 13 months, is expected to be completed by August next year. At noon break, shares in MN Holdings closed unchanged at 21 sen, giving it a market capitalisation of RM85.84 million.
Source:The Edge Markets
July 13, 2022 13:49 UTC
My Say: Is it so difficult to say ‘No’ to things that are wrong?
“No, people … I mean the civil service,” he replies. The civil service, those in the top brass, are supposed to be responsible gatekeepers. “It is a cliché but I guess one worth repeating if it is about the civil service. He was a stickler for procedures and the civil service general orders (GO). What was right was right, and what was wrong was wrong — it was as simple as that.
Source:The Edge Markets
July 13, 2022 11:29 UTC
QuickCheck: Did a UK RAF squadron have a Malay motto?
IT is said that a squadron in the United Kingdom's Royal Air Force (RAF) had a motto in the Malay language – standing out from the English or Latin more commonly used. VERDICT:TRUEThe motto of the RAF's recently-disbanded No.100 Squadron was "Sarang Tebuan Jangan Dijolok" or "Do Not Poke a Hornet's Nest". No.100 Squadron was originally established on Feb 23, 1917, as a Royal Flying Corps night bomber unit, serving in France during World War One. 100 Squadron would eventually serve in the European Theatre of World War Two as part of the RAF's Bomber Command. It would then serve as a nuclear bomber unit before becoming a training squadron – a role it would serve until it was eventually disbanded on March 31 this year.
Source:The Star
July 12, 2022 23:11 UTC
Tenaga needs to borrow more amid tighter cash flow
THERE is growing concern about Tenaga Nasional Bhd’s (Tenaga) likely strained cash flow, as the electricity tariff is not rising fast enough to cope with escalating fuel costs. The utility group will have to borrow more to sustain its operations, as it needs to fork out a bigger sum in advance in view of the big jump in fuel prices. They had believed that Tenaga would be immune to high fuel prices owing to the fuel cost pass-through mechanism. The average coal price agreed upon by the government and Tenaga for the Regulatory Period 3 (RP3) is not known. The credit agency believes Tenaga will be able to pass on any under- or over-recovery of fuel costs through tariff adjustments.
Source:The Edge Markets
July 12, 2022 20:08 UTC
Foreign selling of Malaysian equities narrowed to RM120.6m last week, says MIDF
KUALA LUMPUR (July 12): Foreign selling of Malaysian equities narrowed to RM120.55 million last week from RM320.28 million the prior week. “Local institutions remained to be net buyers for two consecutive weeks after buying RM29.9 million last week. “They were net buyers last Monday at RM50.2 million and turned into net sellers last Tuesday at RM22.2 million,” it said. It said local institutions were net sellers for 20 out of 27 weeks, with a total net outflow of RM7.78 billion. It said local retailers had been net buyers for 18 out of 27 weeks of 2022, adding that year-to-date, they are net buyers at RM1.83 billion.
Source:The Edge Markets
July 12, 2022 15:21 UTC
Tengku Zafrul: Malaysia's economy will still grow this year even if there is global recession
KUALA LUMPUR (July 12): Malaysia is ready for any eventualities, including a global recession, just as any country in the world should be prepared for such a possibility, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. This is based on preliminary economic data that showed the second quarter of this year had charted strong growth, with the momentum expected to continue into the third quarter, he said. We will watch this closely but for now — based on the data we have — the projection still remains because Malaysia's economy is diversified. The global economy expanded by 6.1% in 2021. Read also:EPF targets 300,000 members in the first year for i-LindungCukai Makmur to lighten govt’s financial burden, says Tengku Zafrul
Source:The Edge Markets
July 12, 2022 14:18 UTC
Wee Kiong has extra reason to do well in Singapore
PETALING JAYA: Seasoned campaigner Tan Wee Kiong is feeling optimistic although he has a tall order with partner Tan Kian Meng to clear the first round of the Singapore Open which starts today. Wee Kiong however has an extra reason to do well in the first meeting with their opponents. “Our goal is to win as many matches as possible in Singapore,” said Wee Kiong, who teamed up with Kian Meng last October. “My main goal is qualify for the next Olympics with Kian Meng. I will not play with Kian Meng after this Singapore Open as I will be focusing on the world meet.
Source:The Star
July 12, 2022 05:32 UTC
An MBO on the cards at Boustead?
The spokesperson notes that the management acknowledges that Boustead Holdings is one of LTAT’s biggest investments. The initiatives that we are executing have started to bear fruit, with Boustead Holdings returning to a full-year profit in FY2021. Some may argue, however, that the current share price may not be reflective of the deep value in Boustead Holdings. Several of Boustead Holdings’ key assets are publicly traded companies, including its 57.42% unit Boustead Plantations Bhd, 51.84%-owned Pharmaniaga Bhd, 65%-held shipbuilder Boustead Heavy Industries Corp Bhd (BHIC) and 20.85% stake in Affin Bank Bhd. In September 2019, there was talk of Boustead Holdings looking to sell its petrol station business.
Source:The Edge Markets
July 11, 2022 23:55 UTC
News Opinion
Indicting a former president for trying to subvert a presidential election is harder than it looks. More OpinionOpinion New Voices Star Tribune Opinion's latest feature spotlights commentaries written by first-time contributors to our pages. These thinkers, readers and opinionated community members from across Minnesota have something to say and, we hope, inspire you to join the conversation, too. Opinion Playing Politics podcast Listening to the "Playing Politics" podcast from the Star Tribune and WCCO Radio is like taking a seat at the Editorial Board table and hearing an informed and opinionated weekly discussion of all things political in Minnesota and the nation. "Playing Politics" features WCCO's Chad Hartman and the Star Tribune's John Rash in addition to editorial writer Patricia Lopez and columnists Lori Sturdevant and D.J.
Source:The Star
July 11, 2022 23:50 UTC
Wall Street slides as earnings jitters set in
BENGALURU (July 11): US stock indexes slid on Monday, with the earnings season set to kick off in earnest this week amid concerns of weaker corporate profit due to the impact of surging inflation. The Nasdaq is set to break its five-day winning streak, weighed down by sharp declines in heavyweights Apple Inc, Microsoft Corp and Amazon.com Inc in early trading. Big banks such as JPMorgan Chase & Co, Citigroup Inc and Morgan Stanley are due to post earnings later this week, and their results will be parsed for any signs of slowing economic growth. Focus will also be on US consumer prices data later this week to gauge the state of inflation and how aggressively the Fed could respond. Declining issues outnumbered advancers for a 3.42-to-1 ratio on the NYSE and for a 3.46-to-1 ratio on the Nasdaq.
Source:The Edge Markets
July 11, 2022 20:25 UTC
Threat of slower growth looms over corporate earnings
“This leads us to take the view that in a market downturn phase, the best sectors to take shelter in are utilities (Gas Malaysia Bhd, Malakoff Corp Bhd and Tenaga Nasional Bhd), telecoms (Telekom Malaysia Bhd), healthcare (IHH Healthcare Bhd) and consumer (QL Resources Bhd, MR DIY Group Bhd and Genting Malaysia Bhd),” say the analysts in their June 17 report. Bank Negara Malaysia has embarked on interest rate hikes to ensure the stability of the country’s monetary system. The sector that will benefit the most from a higher interest rate environment is banking. They forecast that Alliance Bank Malaysia Bhd and Bank Islam Malaysia Bhd will be the biggest beneficiaries of a rising OPR, while Affin Bank Bhd and Public Bank Bhd will benefit the least among the banks under their coverage. “Typically, banks gain in the short term from a rising interest rate environment.
Source:The Edge Markets
July 11, 2022 18:00 UTC
Girl who resembles hubby is a secret love child with his ex
Much to her dismay, she soon found out that her husband did indeed have an affair, the Oriental Daily reported. The driver only realised the phone was left in his car when the passenger called his own number. He told the phone owner that it would take a while to return the phone to him as he would have to make a big detour on a highway. However, the phone owner threatened to call the police, accusing the driver of illegal possession of his phone. People on the Internet felt sorry for the driver and said that he shouldn’t have bothered returning the phone.
Source:The Star
July 11, 2022 14:50 UTC
Eateries in JB packed with visitors
JOHOR BARU: For visitors, a Sunday morning here means making a beeline for the typical Malaysian kopitiam fare. “I wanted my friend, who arrived from Shanghai not too long ago, to have a nice tour of Johor Baru. Checks at the Causeway on Saturday showed that traffic had been slow heading towards Johor Baru side. Malaysian Association of Hotels Johor chapter chairman Ivan Teo said most hotels were fully booked during this long weekend. “We have told industry players to be more alert to keep the Covid-19 situation in Johor in check.
Source:The Star
July 11, 2022 06:12 UTC
The mobile cheese maker churning out local creations in north Germany
Mobile cheesemaker Steffi Heidrich stops off at farms throughout north Germany's pastures to make milk into cheese with her converted truck. This morning, her vehicle, whose official name is Heidi's mobile cheese dairy, has halted at a farm in Rotenburg, in Lower Saxony. Heidrich, a trained dairywoman, makes two standard types of cheese with her mobile unit, both of which are semi-hard. "The mobile cheese dairy brings both with it." The cheeses are usually matured at a mobile dairy location and then returned to the dairy farm.
Source:The Star
July 11, 2022 04:05 UTC