(Reuters) - The Italian Serie A club Inter Milan said on Friday that it had terminated midfielder Christian Eriksen's contract after the Denmark international was suspended from playing because of cardiac device. Eriksen, 29, has not played since suffering a cardiac arrest during Denmark's opening game of the European Championship against Finland in June and receiving life-saving treatment on the pitch. (Reporting by Rohith Nair in Bengaluru; Editing by Kevin Liffey)

After China stopped buying almost all plastic waste in January 2018, Malaysia became a popular spot for waste-trafficking. According to government and United Nations statistics, the nation imported over 850,000 metric tons of plastic waste that year. Abandoning imported plastic waste was also the cheaper option all around. “As for Selangor, we have reiterated many times that we do not support the policy which allows the import of plastic waste. Others, including the Malaysian government, say current legislation is enough as they cannot stop importing plastic waste as the local recycling industry — which prefers industrial plastic waste and not municipal plastic waste — needs more than what the domestic market can provide.

KUALA LUMPUR (Dec 17): Intraday short-selling (IDSS) and intraday short-selling by proprietary day traders (PDT short sale) will resume on Jan 1, 2022 as the Securities Commission Malaysia (SC) and Bursa Malaysia Bhd will lift the temporary suspension as scheduled. “Consequently, the PDT temporary waivers related to PDT short sale will no longer be applicable,” the two entities said in a joint statement. “Effective Jan 1, 2022, the IDSS and PDT short sale will resume with enhanced control measures to ensure stability and orderly trading. “In addition to the current short selling limits, IDSS and PDT short sale orders must be entered in accordance with the ‘at-tick rule’. According to Bursa Malaysia’s website, there are currently 241 Approved Securities for PDT short selling with effect from Nov 29.

KUALA LUMPUR (Dec 17): Earnings forecasts for VS Industry Bhd were lowered after its net profit for the first quarter ended Oct 31, 2021 (1QFY22) failed to meet analysts' expectations. He reiterated his "sell" call on VS Industry and revised down his target price (TP) to 98 sen from RM1.03. According to the research house, VS Industry’s 1QFY22 core earnings came in below expectations, accounting for 10% of its FY22 net profit forecast and 11% of the consensus. However, it maintained its "buy" call on VS Industry with a TP of RM1.61. At 11.16am on Friday, VS Industry was one sen or 0.77% lower at RM1.29, valuing the group at RM4.94 billion.

For the cumulative nine months ended Sept 30, 2021 (9MFY21), the group achieved a net profit of RM35.4 million on a revenue of RM430.86 million. Swift Haulage said its revenue for 9MFY21 was mainly contributed by its container haulage segment (RM203.2 million) and its land transportation segment (RM128 million), which made up 77% of total revenue. Of the balance revenue, the warehousing and container depot segment contributed RM55.6 million, while the freight forwarding segment made RM43.6 million. "Our 9MFY21 PATAMI (profit after tax and minority interest) performance was approximately 85% of our full FY20 performance," it said. That, and with the nation having entered the fourth phase of the National Recovery Plan, put the group in a strong position to surpass its FY20 performance and deliver growth in a challenging environment, said Swift Haulage group chief executive officer Loo Yong Hui.

KUALA LUMPUR: The technology sector is expected to remain on investors' radar screens in 1Q22 as its solid growth prospects and structural technology growth continue to attract interest, says RHB Research. "SEMI.org expects global semiconductor equipment investments for front-end manufacturing plants (fabs) in 2022 to reach US$100bil," it noted. This comes despite its expectation that investors will prioritise value stocks in 2022 on optimism over the economic recovery and rotational play. "Hence, we recommend investors remain selective, focusing on companies with a competitive edge and strong track records," it said. Article type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

KUALA LUMPUR (Dec 17): The US Commerce Department’s Bureau of Industry and Security (BIS) is acting against entities operating in Malaysia, China, Georgia and Turkey for diverting or attempting to divert US items to Iran’s military programmes. Malaysia’s Integrated Scientific Microwave Technology Sdn Bhd was on the list released by the BIS on Thursday (Dec 16). For the entities added to the Entity List in this final rule, the BIS imposes a licence requirement that applies to all items subject to the Export Administration Regulations (EAR). In addition, no licence exceptions are available for exports, re-exports or transfers (in-country) to those added to the Entity List in this rule. For all entities added to the Entity List, the BIS imposes a licence review policy of a presumption of denial.

SEPANG (Dec 17): Malaysia Airlines has emerged as the country’s first airline to use sustainable aviation fuel (SAF). The first flight using SAF, MH7979, operated by Malaysia Airlines' A330-200 aircraft, arrived at the Kuala Lumpur International Airport (KLIA) from Amsterdam Airport Schiphol on Friday (Dec 17). Malaysia Aviation Group (MAG) group chief executive officer (CEO) Captain Izham Ismail said the flight marked Malaysia Airlines’ commitment to making SAF a cleaner and more viable energy option for regular flights by 2025. Over 370,000 flights and 45 airlines using SAF have taken to the skies since 2016. Read also:Malaysia Aviation Group cautiously optimistic about aviation sector's outlook

JOHOR BARU: A property company in Kluang has lost RM200,000 to online scammers who impersonated one of the company’s suppliers via email. Johor police Commercial Crime chief Asst Comm Amran Md Jusin said the company's 74-year-old managing director lodged a police report on Thursday (Dec 16). He added that the scam began on Aug 3 after an officer of the company received an email from the scammers asking the company to change a payment account. "The scammers used (an email account) similar to that of the company's supplier when requesting the change of account. He added that on Dec 1, the company's financial manager told his management that the actual supplier claimed that no payment had been received.

This requires funds as veterinary care is costly, more so when treating serious cases. MDDB director Irene Low said the NGO’s veterinary bills were very high as rescued dogs required treatment while some needed follow-up visits to the clinic. “But being a financially challenged canine rescue group, MDDB is more often than not grappling with escalating veterinary bills. “Our bills at Gasing Veterinary Hospital have accumulated to a great amount and we are grateful that the vets there are still treating our dogs. In view of this, MDDB started a fundraiser yesterday near the entrance of Gasing Veterinary Hospital, Petaling Jaya.

KUALA LUMPUR (Dec 16): KNM Group Bhd said Credit Guarantee and Investment Facility (CGIF), a trust fund managed by the Asian Development Bank, has made repayment on behalf of the group to its bondholders in Thailand. In the bourse filing, KNM said it received a reimbursement demand notice from CGIF via email on Wednesday (Dec 15), after the latter made the repayment to the bondholders. KNM said the non-payment of the principal sum and coupon payment on the Thai bonds was due to a “funding and timing mismatch”. On Nov 22, KNM proposed a private placement of 10% of its share capital to raise up to RM53.46 million to reduce its debt (RM30 million) and raise working capital (RM22.16 million). Shares of KNM closed unchanged at 14 sen on Thursday (Dec 16), giving the oil and gas group a market capitalisation of RM468.04 million.

IPOH: A total of 1,012 civil servants in Perak are not vaccinated against Covid-19 yet, says state Health Committee chairman Mohd Akmal Kamaruddin. He said health concerns were among the reasons cited, while there were also those who refused to accept the vaccination. “From the total, 69 are religious school teachers who declined to be vaccinated. "We are waiting for the Malaysian Islamic Development Department (Jakim) to decide on the unvaccinated religious school teachers," he added. During his winding up speech, Ahmad Saidi said the unvaccinated teachers have been reassigned and placed separately from other teachers and students.

KUALA LUMPUR: Bursa Malaysia has commenced delisting procedures against China Automobile Parts Holdings Ltd (CAP) over its failure to issue annual reports from the financial years ended June 30, 2017, until 2020. In a filing with Bursa Malaysia yesterday, CAP said the procedures commenced after the completion of investigation and/or enforcement actions by the regulators against CAP for breaches under the Main Market Listing Requirements and securities law. “This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository.”Upon its delisting, CAP said it would continue to exist but as an unlisted entity. “However, the outstanding financial statements have not been issued as of to date. CAP slipped into Practice Note 17 (PN17) status in January 2018, after its former auditors, PFK, had expressed an audit disclaimer of opinion in the company’s audited financial statements for the financial year 2015 with regards to undisclosed material liabilities.

KUALA LUMPUR: If you don't get your Covid-19 booster shot by February next year, your vaccination status may be deemed "incomplete", says Khairy Jamaluddin. The Health Minister said the groups affected by this are those who received the Sinovac vaccine, as well as anyone who is above 60 years old. He said individuals who must get their booster shots before the end of February next year are those who had taken the Sinovac vaccine. At present, Khairy said that Comirnaty by Pfizer-BioNTech, CoronaVac by Sinovac and AstraZeneca have been approved for use for booster shots. The Working Technical Committee, he added, had recommended that those above 18 should get their booster shots.

KUALA LUMPUR (Dec 16): Malaysia ranks among the top 20 financial technology (fintech) hubs in Asia, coming in at number 15 in Asia and 67 globally. The report tracked fintech start-ups in 16 countries across the Asian continent — including south, east and western Asia, as well as Australasia. Among them, those countries account for around half of the world’s population and host 45 city-level fintech hubs. Findexable co-founder and chief executive officer Simon Hardie said the 2022 rankings of Asia-Pacific fintech hubs are a testament to the region's diversity, ingenuity and commitment to innovation. "With 45 hubs across the region (one-third more than in 2020), fintech firms across Asia-Pacific are proving fintech is the engine of the digital economy.