Saravanan: Select committee to speed up foreign worker approvals
PUTRAJAYA: A select committee has been set up to expedite the foreign worker quota approval process, says Human Resources Minister Datuk Seri M. Saravanan (pic). He said the Ministry would be contacting the employers to reschedule their interview dates to expedite their application process. The Cabinet meeting on Dec 10 had agreed on the recruitment of foreign workers in sectors which they are permitted to work in. Saravanan said applications for employers to hire foreign workers in all employment sectors was opened on Feb 15, but some applications could not be processed either because the ratio compliance requirement imposed were not met, did not comply with the labour laws or the applications were incomplete. He said the applications would not be processed manually and the foreign worker quota application could only be accessed through https://fwcms.com.my.
Source:The Star
April 28, 2022 22:29 UTC
LEAP Market-listed Jishan's unit sued for alleged copyright infringement over egg tray
The egg trays have been registered with the Intellectual Property Corp of Malaysia. Yang and Wang are seeking a declaration that JPH is storing and selling egg trays which infringed and/or fraudulently imitate the industrial design in Malaysia without the permission of the duo. They also want an injunction to restrain JPH from producing and selling the egg trays. "At this juncture, no judgement has been made by the court on the writ of summons and statement of claim. The group has appointed Messrs Chua and Ng as the solicitors for legal advice to resolve and/or defend against this matter.
Source:The Edge Markets
April 28, 2022 16:30 UTC
My Say: Cyber risks in Malaysia’s oil and gas industry
The oil and gas (O&G) industry is not immune to these kinds of vulnerabilities. There are several reasons to believe that cybersecurity should be of concern to the O&G industry in Malaysia. It is also important to note that most players serving Malaysia’s O&G industry are small and medium-sized O&G services and equipment (OGSE) players. The O&G industry involves an integrated and complex upstream and downstream supply chain, which could result in a ripple effect if or when vulnerabilities in cyberspace occur. The O&G industry in Malaysia should increase cybersecurity efforts to mitigate these issues and to prepare for ESG and sustainability reporting in this space.
Source:The Edge Markets
April 28, 2022 14:50 UTC
Selangor cops to monitor 39 accident-prone 'black spots' during Hari Raya
PETALING JAYA: Some 39 accident "black spots" have been identified in Selangor in conjunction with Ops Selamat held during the festive season. "We have identified the black spots as a high number of accidents occurred there. "The police will be ready to monitor the areas closely for the safety of all road users," he said when contacted on Thursday (April 28). Among the black spots identified are Jalan Sungai Buloh-Kuala Selangor, Jalan Kuala Lumpur-Seremban, Grand Saga Highway, Jalan Subang, Jalan Salak-Sepang, Jalan Meru, MRR2, Jalan KL-Ipoh, Jalan Serdang Raya and Jalan Klang-Teluk Intan. "The programme enables road users to use petrol stations as safe points in the case of emergencies, mishaps or if they were victims of crimes.
Source:The Star
April 28, 2022 13:39 UTC
IJM unveils its largest India job
PETALING JAYA: IJM Corp Bhd (IJM) has launched its largest Indian project – the 110km Solapur-Bijapur tollway built by its Indian arm, IJM (India) Infrastructure Ltd (IJM India). According to IJM’s statement, The National Highway Authority of India (NHAI) has awarded a 20-year concession contract to IJM India to develop the Solapur-Bijapur section of the new National Highway 52 between Maharashtra and Karnataka. India’s Union Minister for Road Transport and Highways Shri Nitin Gadkari launched the tollway in Solapur, Maharashtra on Monday. With a stable of prominent projects completed in India in recent years, IJM India has emerged as a premier DBFOT specialist and have set standards for road construction in the country’s infrastructure sector,” he added. IJM India operates three tolled highways in India.
Source:The Star
April 28, 2022 11:37 UTC
Sell-off in Malaysia’s bonds race ahead of rate hike calls
SINGAPORE (April 28): Buying into the sharp slump in Malaysian short-tenor bonds may be a lucrative trade in emerging Asia due to an overpricing of rate hikes. Economists expect Bank Negara Malaysia to start hiking in the second half from the record low policy rate of 1.75%. Its spread over the policy rate widened to a record high of 189 basis points this week. Rate-differential impactEven if Malaysia’s central bank starts with rate hikes in the second half of the year, it will still lag the US Federal Reserve (Fed). The federal funds rate last overtook Malaysia’s policy rate in March 2005, with the positive spread remaining until December 2007.
Source:The Edge Markets
April 28, 2022 08:12 UTC
Passport system hits a hitch
KUALA LUMPUR: Malaysian citizens applying for their Malaysian International Passport (PMA) hit a minor setback as the Immigration Department faced a technical glitch. In a statement at around 10am yesterday, the Immigration Department issued a notice on social media informing applicants that there was an interruption in the application system. “The Malaysian Immigration Department would like to inform the public that the PMA application service is experiencing technical glitches. “We apologise for the inconvenience and are doing our best to ensure the system returns to normal operations,” the statement read on their official page. As of 5pm yesterday, many were still commenting on the system being down despite the department having announced on social media that the system was working as of 1pm.
Source:The Star
April 28, 2022 07:08 UTC
SC executive chairman tenders resignation six months after three-year extension
KUALA LUMPUR (April 28): Datuk Syed Zaid Albar has tendered his resignation as the executive chairman of the Securities Commission Malaysia (SC), just six months after his term was extended for a three-year period. However, Serba Dinamik ignored a court order to reveal the October 2021 factual finding update (FFU) of the SIR. Bursa has suspended the trading of Serba Dinamik shares since Oct 22 last year amid the company’s refusal to release the FFU. Since the accounting-turned-legal fiasco, Serba Dinamik’s performance has turned south and it booked its first-ever losses in the second half of 2021. There has been no update by Serba Dinamik on any action taken by its lenders following the matter.
Source:The Edge Markets
April 28, 2022 06:48 UTC
Animal lovers outraged by death struggle of chained-up dog in Klang
KLANG: A dog that was chained up here is believed to have struggled for almost an entire night before finally breathing its last. The video shows the dog whining and crying but no one came out of the house to render any assistance. Enraged social media users rushed to the location to free the dog, which had unfortunately died by then. “I decided to go after seeing not many were coming forward to rescue the dog, just making comments. Six other people besides Mathews and Wong also tried to rescue the dog.
Source:The Star
April 27, 2022 20:32 UTC
CapitaLand Malaysia Trust NPI jumps 45% in 1QFY22, announces 0.95 sen DPU
Distributable income for the quarter amounted to RM20.5 million or 0.95 sen per unit, while revenue grew 19% to RM67.59 million from RM56.66 million a year earlier. CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) chairman Lui Chong Chee said CLMT’s result improved on the back of domestic consumption recovery as containment measures were eased. In particular, shopping malls that cater to tourists will receive a boost from the reopening of borders. CMRM CEO Tan Choon Siang said the trust’s NPI and distribution per unit (DPU) continued to see quarter-on-quarter improvements. “Coupled with the reopening of borders, we look forward to the return of tourists and increased footfall to CLMT malls.
Source:The Edge Markets
April 27, 2022 17:29 UTC
My Say: Sri Lanka’s economic crisis is inflicted by a self-serving elite
Once deemed a basic human needs success story, Sri Lanka is now in its worst economic crisis since independence in 1948. Blaming Sri Lanka’s debt crisis on Chinese loans is not only factually wrong but also prevents understanding the origins and nature of its current crisis. As at April 2021, about 60% of Sri Lanka’s debt was for durations of less than 10 years. Deep-rooted problemsFollowing its 2001 recession, Sri Lanka recovered, before growth declined again after 2012 and the pandemic contraction in 2020. Sri Lanka’s debt crisis is clearly due to the policy choices of successive governments since the 1990s.
Source:The Edge Markets
April 27, 2022 11:39 UTC
QuickCheck: Is something deleted from your computer gone forever?
WHEN you place a file in a computer's recycle bin and clear it, it is gone forever and you will never get it back. Verdict:FALSEDeleting a file from your computer does not mean that it's gone forever, in fact it is fairly easy to recover a deleted file. The important part is that the computer 'remembers' that the data is there so it does not overwrite it. There are tools that are freely available online that can scan drives for deleted files and recover them. Again forensic tools (like what the police might use) can still recover files deleted this way.
Source:The Star
April 27, 2022 09:21 UTC
Journeys on PLUS Expressway to take longer than expected
PLUS managing director, Datuk Azman Ismail said this was because many expressway users were expected to grab the opportunity to enjoy free toll travel and would schedule their journeys back to their hometowns and return to the capital based on the toll-free dates. On Mondy (April 25), the prime minister announced that the government had agreed to provide free toll and toll discounts to the Malaysian Family in conjunction with Hari Raya Aidilfitri. The free toll would be given this Saturday and Sunday, as well as on May 7 and 8 for the return journeys involving PLUS Malaysia Berhad Group (PLUS) expressway connecting the North-South Expressway network and Anih Berhad (ANIH) which operates the East Coast Highway (LPT). "Touch ‘n Go card users are advised to check the status of the card before their journey with Touch ‘n GO Sdn Bhd at http://tngportal.touchngo.com.my/tngPortal/login. It was also recommended that expressway customers download the PLUS application to review the latest traffic conditions on the expressway via the CCTV displays provided.
Source:The Star
April 26, 2022 21:48 UTC
An eight-year struggle for Brahim’s
AS the sole in-flight caterer for then Malaysian Airline System Bhd (MAS), which is now known as Malaysia Airlines Bhd (MAB), Brahim’s Holdings Bhd was doing well until the national airline’s restructuring in August 2014. Brahim’s eventually inked a settlement agreement with MAS to release a portion of the withheld payments back to Brahim’s. Brahim’s came into the limelight in late 2020, following the emergence of lifestyle food and beverage operator Focus Dynamics Group Bhd as its substantial shareholder. Last July, Brahim’s raised RM11.34 million by placing out 70.89 million new shares at 16 sen each. Prior to the name change in June 2011, Brahim’s was known as Tamadam Bonded Warehouse Bhd, which was founded in 1982.
Source:The Edge Markets
April 26, 2022 19:06 UTC
Kelington accepts letter of intent for 10-year onsite industrial gases supply
KUALA LUMPUR (April 26): Kelington Group Bhd said the group has accepted a letter of intent for an onsite industrial gases supply scheme with an expected revenue of RM180 million over a 10-year period. Kelington did not name the client but said it is “one of the largest optoelectronics semiconductor companies in the world”. A definitive agreement for the supply scheme will be executed in due course, the industrial engineering group said in a filing with Bursa Malaysia. Kelington said the supply scheme is expected to contribute positively towards its earnings and net assets over the 10-year duration, starting from 2023. Kelington shares closed two sen or 1.6% higher at RM1.27 on Tuesday (April 26), valuing the group at RM819.5 million.
Source:The Edge Markets
April 26, 2022 18:06 UTC