Brokers demand cash upfront for purchase of Serba Dinamik securities
KUALA LUMPUR (May 9): Brokers have demanded cash upfront for purchase of beleagured Serba Dinamik Holdings Bhd securities which resume trade on Monday (May 9). Bursa Malaysia Securities Bhd had announced that the trading suspension of Serba will be lifted and trading will resume with effect from 9am on Monday. In a note to its clients, Affin Hwang Investment Bank said that effective Monday, the cash upfront requirement shall be imposed on any buy orders for Serba and its warrants. Meanwhile, in an email to Kenanga remisiers, they were told that "due to the uncertainties of Serba Dinamik's financial condition and the Special Independent Review, with effects from Monday (May 9), purchases involving Serba Dinamik's securities are not permitted except with 100% CASH UPFRONT prior trade execution". Read also:PDT and IDSS of Serba Dinamik securities suspendedSC compounds Serba Dinamik, top execs RM3 mil each for submitting false revenue that KPMG flaggedSerba Dinamik and executive officers’ representation conditionally accepted by AG's ChambersMalaysian Bar warns AGC that Serba Dinamik compound sets ‘dangerous precedent’
Source:The Edge Markets
May 09, 2022 00:30 UTC
Malaysia does not recognise unilateral sanctions, remains non-aligned to any sides, says Saifuddin
PUTRAJAYA (May 8): Malaysia does not recognise any unilateral sanctions on any country, unless the resolution for the sanctions was adopted by the United Nations General Assembly (UNGA), said Foreign Minister Datuk Seri Saifuddin Abdullah. The minister was commenting on the wide ranging international sanctions imposed by the West and its allies on Russia, following the latter’s ongoing war with Ukraine. On the Russia-Ukraine conflict, Saifuddin said Malaysia has maintained its stand of non-alignment to any sides but at the same time has never condoned any aggression by any country that threatened the sovereignty of another country. We know that there are people who are working to get the two sides to end this conflict. Commenting further on the impact of economic sanctions on Malaysians, especially students studying in Russia, Saifuddin said for now, their welfare and safety were taken care of.
Source:The Edge Markets
May 08, 2022 19:19 UTC
MP's son said to have punched, spit on 49-year-old manager during argument
KUALA LUMPUR: The son of a Member of Parliament from Melaka is alleged to have punched and spat on a 49-year-old man during an argument. A news portal reported that the incident apparently occurred because the man had been rude to the alleged perpetrator's mother. The portal said the reported victim was contacted by the MP's son and summoned to his house at 12.33am on May 2. "While at the home, there was an argument and the man (the MP's son) became angry and punched the victim on the head," the portal said. The MP's son was also reported to have head-butted the victim, injuring his nose, before spitting in his face.
Source:The Star
May 08, 2022 15:32 UTC
PM, Cabinet to hold Aidilfitri open house on May 8
PUTRAJAYA (May 8): After a two-year absence due to the Covid-19 pandemic restrictions, Seri Perdana on Sunday (May 8) reopened its doors to thousands of guests and visitors from various backgrounds to attend Aidilfitri open house, hosted by Prime Minister Datuk Seri Ismail Sabri Yaakob and Cabinet members. Sunday’s event is the first Aidilfitri open house hosted by Ismail Sabri after he was appointed as the prime minister on Aug 20, 2021, and his Cabinet line-up. The last Prime Minister’s Aidilfitri open house was held on June 5, 2019 in Seri Perdana and was hosted by then prime minister Tun Dr Mahathir Mohamad and Cabinet members. It has been a tradition for the Prime Minister’s Aidilfitri open house to be held on the first day of Aidilfitri. For the convenience of visitors attending the open house, free shuttle bus services are being provided at three locations, namely in Putrajaya Sentral, Tuanku Mizan Zainal Abidin Mosque and Putra Mosque to Seri Perdana.
Source:The Edge Markets
May 08, 2022 03:58 UTC
PICKids: Parents told to get their children protected before May 15 deadline
"Take the opportunity to protect your children from Covid-19, Multisystem Inflammatory Syndrome in Children (MIS-C) and other complications due to infection. "More than 1.5 million children have been vaccinated (with Covid-19 vaccine) in Malaysia. Khairy was reported as saying that after PICKids ended, children would have to pay to get the Covid-19 vaccines. The Covid-19 Immunisation Task Force for Children (CITF-C) announced that the first dose under PICKids would no longer be offered after the May 15 deadline due to low demand which could lead to high vaccine wastage. After the deadline, only the Sinovac COVID-19 vaccine will be offered for a fee, it added.
Source:The Star
May 08, 2022 00:19 UTC
Some petrol stations run out of supply due to overwhelming demand
KUALA LUMPUR (May 7): Several petrol stations have run out of supply due to an unprecedented surge in demand, and the situation is expected to last until Sunday (May 8) because of the Aidilfitri celebration, according to the Petrol Dealers Association of Malaysia (PDAM). Khairul Annuar said this depleted the supply of some petrol stations and forced them to temporarily close. “When there is a marked increase in sales, oil companies are unable to supply large quantities and have to evenly distribute to all petrol stations that run out of petrol. “I stopped at the petrol station in Saujana, Setiu about 8pm and saw many cars stranded. According to Siti Marina Mohamad Adilla, 22, who works at a petrol station in Taman Tun Dr Ismail here, the supply of petrol was also fast running low on April 29.
Source:The Edge Markets
May 07, 2022 22:49 UTC
Next week's SEA Games is deemed as Vietnam's golden opportunity to boost tourism
HANOI, May 7 (Bernama): Hosting the 31st South-East Asian Games (SEA Games 31) is a "golden opportunity” for Vietnam to popularise its nature and culture internationally, Vice Chairman of the Vietnam National Administration of Tourism (VNAT) Ha Van Sieu said. Sieu said the tourism sector has been accelerating awareness and tourism promotion campaigns to take advantage of this opportunity. SEA Games 31’s competition events will take place from May 5 to 23 in Hanoi and 11 nearby cities and provinces in northern Vietnam. Vietravel is selling two travel packages which include tickets to SEA Games football matches at Phu Tho’s Viet Tri Stadium. The VNAT is also promoting a variety of tours around Hanoi on its special webpage for SEA Games 31 at http://seagames31.vietnamtourism.gov.vn/tour-in-hanoi/.
Source:The Star
May 07, 2022 10:50 UTC
Fight at nasi kandar restaurant goes viral after customer throws tissue box at cashier
SEREMBAN: The police have opened an investigation paper over a fighting incident in which a woman voiced her dissatisfaction over the price of food at a nasi kandar restaurant in Bahau near here early Thursday (May 5) morning. Jempol OCPD Supt Hoo Chang Hock said the incident occurred at about 1am after the restaurant cashier allegedly raised his voice to the woman, who disputed the price. "This made her son angry, who threw a tissue box at the cashier. "A restaurant employee, who witnessed the incident, started to throw punches at the son before the fight was dispersed by other workers and patrons. A one-minute and 41 seconds video went viral on Twitter showing the fight incident in the restaurant.- Bernama
Source:The Star
May 07, 2022 02:28 UTC
TechnoDex, Swedish firm to market software services in Malaysia
KUALA LUMPUR (May 6): Information technology company TechnoDex Bhd has teamed up with Sweden-based Nordic Apiary Holding AB to jointly set up a Malaysia-Nordic-South East Asian value-added distributor (VAD) in Malaysia. In a bourse filing on Friday (May 6), ACE Market-listed TechnoDex said it has entered into a JV agreement with Nordic Apiary for the purpose. Under the JV, TechnoDex will market and resell software services in Malaysia, while Nordic Apiary will market the JV services and contract suitable European services and technology companies in the Nordics. TechnoDex said it will fund its investment in the JV company through internal funds. The proposed JV is expected to be completed by third quarter of this year, where the JV company will become a subsidiary of TechnoDex.
Source:The Edge Markets
May 07, 2022 02:27 UTC
Matang to raise RM22.59m from private placement
KUALA LUMPUR (May 6): Matang Bhd plans to raise RM22.59 million via a proposed private placement of up to 217.2 million shares or 10% of its total issued shares at an issue price to be determined later. Of the expected proceeds, Matang said it has earmarked RM22.51 million to fund acquisitions — which include oil palm, durian plantations or additional land bank for the development of new oil palm or durian plantations. It noted that it had obtained approval for the proposed private placement from its shareholders at an annual general meeting held on Nov 24, 2021. Matang said that barring any unforeseen circumstances, the proposed private placement is expected to be completed by the third quarter of 2022. UOB Kay Hian Securities (M) Sdn Bhd has been appointed as the adviser and placement agent for the proposed private placement.
Source:The Edge Markets
May 07, 2022 01:54 UTC
Maxis ups its value proposition
“We have been developing multi-industry use cases in areas such as smart manufacturing, smart surveillance, smart agriculture, smart education, and smart tracking solutions. About six months ago, national car maker Proton partnered with Maxis to deploy 5G solutions to power up its plant in Tanjung Malim plant in Perak. In the past two years, Maxis acquired two cloud solutions companies to build on its capabilities. In April 2020, Maxis bought a Malaysian-based cloud solutions company, Infrastructure Consulting & Managed Services Sdn Bhd (ICMS) primarily for their talent pool of professionals. Ogut adds more Maxis customers are enjoying fibre connectivity, evident in the consistent growth of this segment for Maxis every quarter.
Source:The Star
May 07, 2022 01:37 UTC
Temporary flood relief centre in Pontian closes as waters recede
PONTIAN: Another temporary relief centre (PPS) housing flood victims in Pontian has been shut as floods are receding. According to the state disaster management committee, the SK Seri Bukit Panjang PPS was closed at about 4pm on Friday (May 6), leaving only the SK Melayu Raya PPS open. "The number of flood victims has dropped to only 19 from four families as of 4pm, compared to a total of 51 from 11 families at noon. Earlier, the committee noted that the PPS in SK Sri Bunian was closed at about 6pm on Thursday (May 5). The flood situation in Pontian started on early Wednesday (May 4) morning following a hours-long downpour.
Source:The Star
May 06, 2022 23:18 UTC
Malaysian Bar warns AGC that Serba Dinamik compound sets ‘dangerous precedent’
KUALA LUMPUR (May 6): The Malaysian Bar has reproached the Attorney-General’s Chambers' (AGC) usage of authority to compound Serba Dinamik Holdings Bhd and four top executives, instead of proceeding with the prosecution of the accused parties. “The Malaysian Bar is mindful of the immense authority wielded by the AG. Malaysian Bar calls for transparency on compound issuanceMohamad Ezri stressed that the Malaysian Bar is also concerned with the lack of transparency of the AGC’s decision, considering the significant impact on the integrity of the capital market’s governance and the regulatory framework. The Malaysian Bar vice-president called for the AGC to disclose the reasons behind its decision to issue compounds to Serba Dinamik and the accused officers, instead of proceeding with prosecution. Read also:SC compounds Serba Dinamik, top execs RM3 mil each for submitting false revenue that KPMG flaggedSerba Dinamik and executive officers’ representation conditionally accepted by AG's Chambers
Source:The Edge Markets
May 06, 2022 22:06 UTC
Dr Wee: ECRL tickets will be affordable, priced like KTMB fare
The Transport Minister also took to task Terengganu PKR chairman Azan Ismail for claiming that the ECRL tickets were to be priced exorbitantly. "Azan's claims that ECRL passenger tickets will be six times of air fares is purely speculative, baseless and devoid of any hard facts. In essence, Dr Wee said the fee structure of ECRL tickets would be based on affordability and effective for operations and maintenance at the same time. Dr Wee also stressed that ECRL's fare structure would need to obtain the government's approval prior to operations. In response, Azan told MalaysiaKini on May 5 that the ECRL tickets could be expensive due to costly construction costs.
Source:The Star
May 06, 2022 19:18 UTC
Rebranding needed for the 3D jobs
Industry players believe that a rebranding exercise of these jobs might help attract locals although higher salaries and better working hours are also needed. He believes that the rebranding of these jobs may make them more attractive to locals and at the same time, reduce the dependency on foreign workers. With certified skills and higher wages, locals would be attracted to perform the rebranded 3D jobs,” he said. “3D jobs have long working hours and this is where locals feel they have been shortchanged. “It is difficult to remove the stigma of such jobs because there are ample other jobs locals can do.”He stressed that shorter working hours and a higher salary would instead attract locals to these jobs.
Source:The Star
May 06, 2022 09:20 UTC