Cabinet may be named today
PUTRAJAYA: The guessing game about who will be in Datuk Seri Anwar Ibrahim’s Cabinet in the unity government is expected to be answered today, a week after he took office. Those appointed to the Cabinet are expected to be sworn in before the Yang di-Pertuan Agong tomorrow. Anwar, 75, who was sworn in as Malaysia’s 10th Prime Minister on Nov 24, is also expected to appoint two deputy prime ministers. Soon after taking office, the Prime Minister said his Cabinet would be much leaner than previous administrations. Meanwhile, Anwar will have a packed schedule in Ipoh today as he returns to the Tambun parliamentary constituency, of which he is MP, for the first time as Prime Minister.
Source:The Star
December 02, 2022 04:49 UTC
Man charged with murdering stepdaughter
KAJANG: A jobless man has been charged in the magistrate’s court here with the murder of his stepdaughter. C. Stephen Raj, 43, is alleged to have caused the death of the 11-year-old girl at a house in Taman Sri Ramal here at 11.33pm on Nov 21. No plea was recorded from the accused after the charge was read out to him before magistrate Nik Siti Norazlini Nik Mohamed Faiz, Bernama reported. It was reported earlier that a Hospital Serdang medical officer lodged a report on Nov 22 at about midnight about a child being brought to the hospital in an unconscious state. The victim was later confirmed to have died on the way to the hospital.
Source:The Star
December 01, 2022 15:11 UTC
No chicken feed in fines
PUTRAJAYA: Compounds worth about half a million Ringgit were slapped on 2,205 producers, wholesalers and retailers of chicken and eggs for various offences since Feb 5, said the Domestic Trade and Consumer Affairs Ministry (KDPNHEP) secretary-general Datuk Azman Mohd Yusof. Compounds totalling RM534,200 were issued for offences involving the profiteering of subsidised and controlled items committed in 2,205 enforcement actions. Out of the total, 153 actions involved offences such as selling goods above the maximum price, failing to display pink price tags on controlled items (1,980), and not displaying price tags (72). “The actions and compounds were issued against 13 producers, 54 wholesalers, and 2,138 retailers of chicken and chicken eggs. “If it happens, consumers can always lodge a report with us, and the KPDNHEP’s Enforcement Division will conduct an investigation,” he said.
Source:The Star
November 30, 2022 06:24 UTC
Lure of the Singapore dollar
JOHOR BARU: Quality family time, social life and sleep are some of the sacrifices made by Malaysians crossing the border daily to make a living in Singapore. Due to the attractive currency exchange rate and better salary packages, Muhammad Haziq Zulkifri is one of those who is willing to make these sacrifices. “Being the eldest child, this is rather a small price to pay in order to make more money for my family. Citing the pay of an engineering graduate, he said a freshman would be offered RM2,700 here but in Singapore, he could get S$2,700 (RM8,874). This includes missing some important family and social occasions such as the birthday celebrations and family gatherings.
Source:The Star
November 30, 2022 06:17 UTC
Rising housing demand in Malaysia, Indonesia despite uncertain global outlook, says expert
KUALA LUMPUR (Nov 29): Despite global outlook uncertainties, Malaysia and neighbouring Thailand and Indonesia are showing increasing housing demand, PropertyGuru Group’s real estate intelligence said. Its head of intelligence Dr Lee Nai Jia said in a statement that in the second quarter of this year (2Q2022), residential markets in Malaysia, Singapore, Indonesia, and Vietnam logged an increase in prices, even though sales in Singapore and Vietnam were slowing. “There has been a general rebound in Malaysia, Singapore, Indonesia, Thailand and Vietnam, following the reopening of borders and more relaxed measures associated with curbing Covid-19. “Factors supporting growth of the Malaysian market are there, with Malaysia and Vietnam both recording the highest GDP increases of about 8.9% (Malaysia) and 7.7% (Vietnam) year-on-year in 2Q2022,” said Lee. “We project that the residential markets in Malaysia and Indonesia will transit to the quadrant where prices appreciate, but sales volumes decrease in the first half of 2023,” he said.
Source:The Edge Markets
November 29, 2022 20:36 UTC
MSM’s many challenges
However, an increase in sugar prices may not be popular, especially if it comes soon after an election. MSM’s short-term borrowings were RM473.06 million and its long-term debt commitments were pegged at RM334.52 million. MSM Sugar Refinery (Johor) Sdn Bhd was built at a cost of RM1.25 billion and commenced operations in 2019. MSM’s total exports for 2021 were 246,101 tonnes, about 26% of its total sales volume of 941,749 tonnes. There is an issue of MSM’s costs being higher than other refiners, many of whom also own sugar cane plantations, be it in Brazil, India, South Africa or Thailand.
Source:The Edge Markets
November 29, 2022 19:13 UTC
Bursa continues retreat ahead of new domestic developments, China Covid protests
KUALA LUMPUR: Investor attention gravitated to China, where protests over the ongoing Covid-19 restrictions sent global markets lower on fears over a recovery in the world's second largest economy. Meanwhile, local investors continued to take profit following the stellar rally that followed the appointment of Datuk Seri Anwar Ibrahim to the Prime Minister's post. On the blue-chip index, PETRONAS Chemicals fell 20 sen to RM8.88, Press Metal dropped seven sen to RM4.79 and Public Bank dipped three sen to RM4.49. Buoyant stocks however included Tenaga Nasional up 11 sen to RM8.89, PETRONAS Gas rising 26 sen to RM16.88 and CIMB gaining seven sen to RM5.87. Top actives on the broader markets included MMAG flat at three sen, ASB unchanged at 20.5 sne and MQ Tech up 0.5 sen to 4.5 sen.
Source:The Star
November 29, 2022 13:59 UTC
Sustainable investments becoming mainstream
With interest in sustainable investing at an all-time high, now is the time for investors to make the highest impact through sustainable investments. They also indicated difficulty in accessing sustainable investments, some of which are only available through technological platforms, and the inability to compare sustainable investment opportunities within the same asset class. If these challenges are addressed, the potential for growth in sustainable investments is huge. It is also critical for capital to flow to sustainable investments. This presents a massive opportunity to channel private capital through sustainable investments to bridge this gap,” says Sammeer.
Source:The Edge Markets
November 29, 2022 00:07 UTC
Consumption, not crowd, is key to climate change
“The question is not about population but rather about consumption patterns,” said climate scientist Bill Hare of Climate Analytics. Hare said there is more than a tinge of racism in the myth that overpopulation is the major issue behind climate change. “Yet when you look at which countries are bearing the brunt of the impacts from climate change, countries like Malawi, Mozambique, Senegal, Afghanistan topped the list.”Even within countries, it’s the wealthiest who cause more of the carbon pollution, Hare said. The world’s population is growing mostly in sub-Saharan Africa and south Asia “and they’re contributing the least to manmade climate change”, said Colette Rose, project coordinator at the Berlin Institute for Population and Development. For environmental advocacy groups and officials, the issue of population and climate has caused problems.
Source:The Star
November 28, 2022 20:50 UTC
Navigating the realm of disruptive technologies and sustainability at IPMC 2022
The speakers will spark conversations and collaborate on topics relevant to project management, which include future project management, managing project conflicts, enhancing customer centricity, inclusion and diversity, reinforcement towards health, safety, security and environment and multiplier effects from successful projects. Convergence of minds and expertiseThe theme “The Era of Disruptive Technology and Sustainability” is certainly timely and relevant in today’s rapidly evolving business environment. “Project management and all its adjacent industries are in a period of profound change,” says Noor Ilias M Idris, chairman of IPMC 2022. IPMC 2022 is not just a platform for sharing ideas, knowledge and expertise but also a catalyst for change to harness new opportunities in the era of disruptive technologies and sustainability. Discover more about IPMC 2022, its panel of presenters and programme at www.icep.com.my/ipmc.
Source:The Edge Markets
November 27, 2022 16:11 UTC
Gain access to global stock exchanges with competitive rates
The same rate applies to all stock markets, including Bursa Malaysia, the Singapore Exchange (SGX), Hong Kong Stock Exchange (HKEX), New York Stock Exchange (NYSE), Australian Securities Exchange and Tokyo Stock Exchange. There is no difference in the rates,” saysSammeer, the bank’s managing director and head of consumer, private and business banking. Its premium banking clients pay slightly more at 0.08% and its personal banking clients are charged 0.1%. SmartStocks also lets investors do their own investment research by tying up with Refinitiv, a global financial market data and infrastructure provider. Elevate your trading experience now with Standard Chartered SmartStocks.
Source:The Edge Markets
November 27, 2022 16:10 UTC
Pets Tales: A joyful giving Christmas
“We’re selling fantastic Christmas presents including T-shirts, mugs, bags, notebooks and calendars. December Christmas Party in PenangThe IAPWA Penang specialises in the humane management of stray dog populations. “We are the official partner of the local council,” Choong Koon Yean, IAPWA Penang president, explains. In the last four years, IAPWA Penang has helped 4,553 dogs, including 734 who were adopted by families. Festive month shopping onlinePetFinder.my is one of Malaysia’s leading pet rescue resources.
Source:The Star
November 27, 2022 13:59 UTC
Malaysia must move on
When Datuk Seri Anwar Ibrahim was sworn in as Prime Minister, it was also nomination day for two seats. It would be disastrous for multiracial Malaysia. Many of us who gave up on Malaysia and its politicians have found that, finally, we can recover what we’ve lost and still salvage the situation. Malaysia must move on. Congratulations Saudara Anwar Ibrahim and may you succeed in restoring Malaysia to its former glory!
Source:The Star
November 27, 2022 11:37 UTC
Anwar to discontinue extravagant manner in appointing Cabinet members
PUTRAJAYA (Nov 27): Reiterating that his Cabinet will be downsized, Prime Minister Datuk Seri Anwar Ibrahim on Sunday said he will do away with the extravagant manner of appointing ministers as a form of reward. "I had a very good meeting with Sarawak Premier Tan Sri Abang Johari Tun Openg (Gabungan Parti Sarawak chairman) yesterday. They have working committees also, to give some recommendations," he said, adding that he will be meeting Sabah Chief Minister and Gabungan Rakyat Sabah chairman Datuk Seri Hajiji Noor later on Sunday evening. Anwar during the press conference on his first day in office on Friday (Nov 25) said the Cabinet size would be reduced and he was also seeking the agreement from members who would be appointed to have their salaries reduced. Read also:PM eyes targeted subsidies for low-income groupsPM chairs National Action Council on Cost of Living Special Meeting
Source:The Edge Markets
November 27, 2022 07:14 UTC
Analysis-Soccer-Joy and relief as Lewandowski finally breaks his World Cup duck
After dispossessing Abdulelah Al-Malki and slotting home eight minutes from the end for an unexpected 2-0 win, Poland's most prolific marksman dived to the ground and team mates piled on top of him as they all celebrated Lewandowski finally breaking his World Cup duck. The pressure was always on for the Barcelona forward after failing to score in Poland's three matches in the 2018 World Cup and Tuesday's opening draw against Mexico. Aged 34, and with Poland's patchy World Cup qualifying record, Qatar might have been his last chance. Poland coach Czeslaw Michniewicz switched tactics from the Mexico match where Lewandowski was the sole forward. "I think the older I get, the more emotional I get, and I'm aware that when it comes to the World Cup, it might be my last World Cup actually," Lewandowski said after scoring his 77th international goal.
Source:The Star
November 26, 2022 19:00 UTC