The barometer index opened 1.17 points better at 1,493.12, and subsequently moved between 1,489.23 and 1,498.61 throughout the trading session. Total turnover fell to 2.18 billion units worth RM1.57 billion from 2.44 billion units worth RM2.02 billion on Thursday. The Main Market volume fell to 1.16 billion shares worth RM1.25 billion from 1.52 billion shares worth RM1.73 billion on Thursday. Warrants turnover dwindled to 197.21 million units valued at RM32.4 million from 333.8 million units valued at RM50.75 million on Thursday. The ACE Market volume increased to 818.7 million shares worth RM291.65 million from 585.32 million shares worth RM243.51 million previously.

MENTION the town of Teluk Intan, and it’s likely that this charming clock tower in Perak comes to mind. Is it true that it was used to store water for the local community? In fact, the weight of the water tank is also one reason why the 85-feet tall clock tower is leaning. "Also, the weight of the water tank that was holding water made it lean to the west," read an explanation on the Teluk Intan Municipal Council website of the now tourist attraction in Perak. As of today, the tower no longer holds water but the clock still works and chimes every 15 minutes.

The study found that people with early stroke were more likely to have blood type A and less likely to have blood type O (the most common blood type) -- compared to people with late stroke and people who never had a stroke. Both early and late stroke were also more likely to have blood type B compared to controls. After adjusting for sex and other factors, researchers found those who had blood type A had a 16 percent higher risk of having an early stroke than people with other blood types. Those who had blood type O had a 12 percent lower risk of having a stroke than people with other blood types. “The association of blood type with later-onset stroke was much weaker than what we found with early stroke,” said Mitchell.

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PUTRAJAYA (Sept 1): Malaysia has introduced a Premium Visa Programme (PVIP) to attract wealthy foreigners to invest in Malaysia and reside in the country for a period of 20 years, says Home Minister Datuk Seri Hamzah Zainudin. Hamzah said PVIP is being offered to business tycoons from all countries, except Israel and those that do not have diplomatic ties with Malaysia. "We have to set a ceiling so that it does not exceed 1% of the total number of Malaysians. "If there are 30 million citizens now, then it means that there should only be 1% (300,000) and the ceiling number also includes (participants) of Malaysia My Second Home (MM2H) programme," he said. "The Home Ministry is confident that this programme will be able to attract more foreign direct investment that will strengthen the economy and increase job opportunities for locals.

Empowering local championsMNC activities have fostered local entrepreneurship and spurred many Malaysian companies to become local and global champions. Integration into global value chainSmall and medium enterprises (SMEs) and local companies are able to form partnerships with MNCs to develop strong links along the supply value chain. Local companies support MNCs’ needs by providing the materials and components they require, which in turn helps the local companies to grow organically and gain a good reputation in partnering with MNCs. This contributes to our local SMEs adopting internationally benchmarked sustainability standards and elevating the adoption of sustainability within Malaysia’s supply ecosystem. As more companies, both local and foreign, embrace tenets of sustainability, these will positively impact the local population, the environment and the economy.

KUALA LUMPUR (Aug 31): Digital Nasional Bhd (DNB) said discussions on 5G access agreements are progressing with all six mobile network operators (MNOs) involved, and under a separate and independent track. The six MNOs are Maxis Bhd, U Mobile Sdn Bhd, Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, YTL Communications Sdn Bhd, and Telekom Malaysia Bhd. “The four MNOs remain interested, and it is envisaged that the equity participation process will progress to completion with the MNOs concerned. “[Meanwhile,] discussions on 5G access agreements are progressing with all six MNOs, and under a separate and independent track,” it said. DNB said it is committed to ensuring that the 5G network and infrastructure will continue to be deployed on an accelerated basis.

Quarterly revenue rose 81.6% to RM73.2 million in 1QFY23 from RM40.3 million a year earlier, mainly attributed to stronger sales in the e-mobility, electric vehicle (EV) and energy storage, as well as hard disk drive (HDD) segments, the group's filing with Bursa Malaysia showed. On prospects, Genetec said the momentum in EV and energy storage continues to grow, driven by consumer demand and supportive policies as the world pivots towards renewables in the race to combat climate change. “Global sales of EV have doubled in 2021. We will continue to improve on our offerings through research and development whilst deepening our share of the market in the e-mobility, energy storage and HDD segments,” Genetec said. Shares of Genetec closed 5% or 13 sen lower at RM2.51 on Monday (Aug 29), giving it a market capitalisation of RM1.71 billion.

The median expectation for 2022 growth was 7.2%, according to an Aug 22-26 Reuters poll, but economists said that the solid growth rate masks how rapidly the economy was expected to slow in coming months. "By supporting growth through investment, the government has only fired on one engine while forgetting about the impetus which domestic consumption provides. This is why India's growth is still below its pre-pandemic trend." The economy has not grown fast enough to accommodate some 12 million people joining the labour force each year. That follows three interest rate rises this year totalling 140 basis points, and would take the repo rate to 6.00% by end-1Q 2023.

KUALA LUMPUR (Aug 29): Prime Minister Datuk Seri Ismail Sabri Yaakob said the Government is approving the allocation and redistribution of a renewable energy (RE) quota of 1,200MW for solar resources as an initial step to boost the country's commitment in the energy transition. He added that it will also be distributed to exploration of new RE programme implementation methods such as solar park development, electricity supply for the purpose of new data centers as well as green hydrogen generation. Ismail Sabri was speaking at the opening ceremony of the fifth International Sustainable Energy Summit (ISES) with the theme "Empowering Energy Transition". The summit was organised by the Energy and Natural Resources Ministry and Sustainable Energy Development Authority (SEDA) Malaysia. Read also:EV infrastructure development guidelines to be enforced in 4Q22, says PMElectricity users on Pulau Redang, Pulau Perhentian to get 24-hour low-carbon electricity supply by 2025

KUALA LUMPUR (Aug 29): Hyatt Place Kuala Lumpur in Bukit Jalil was structurally completed on Monday (Aug 29). Hyatt Place Kuala Lumpur, Bukit Jalil is the first international branded hotel in Malton’s 50-acre (20.23-hectare) Bukit Jalil City integrated development, which also comprises three-storey shop offices, the 1.8 million sq ft Pavilion Bukit Jalil shopping mall, and residential components, such as The Park Sky Residence and The Park 2. With the Hyatt Place Kuala Lumpur, Bukit Jalil opening next year, it will also provide a boost to properties in Bukit Jalil City, and property values within the development are anticipated to appreciate in the next three to five years,” said Lye. Hyatt Place Kuala Lumpur, Bukit Jalil is near SJK(C) Lai Meng, the Calvary Convention Centre, Asian Football Confederation, International Medical University, Bukit Jalil Golf & Country Resort as well as the 80-acre Bukit Jalil Recreational Park. It enjoys easy access via the Bukit Jalil Highway, Kuala Lumpur-Seremban Expressway and Shah Alam Expressway.

KUALA LUMPUR (Aug 28): Malaysia has been ranked as the world's third most competitive Global Business Services (GBS) location, behind India and China, according to an index by global consulting firm Kearney. The firm's 2021 Global Services Location Index (GSLI) showed that Asian economies continued to take seven spots in the top 10, with India in first place with a score of 7.09, followed by China (6.80) and Malaysia (6.22). She noted that among the MNCs that have established GBS centres in Malaysia are Shell, AstraZeneca, British American Tobacco and Bash. GS, which comprises principal hubs, GBS and headquarters operations, is the main contributor of foreign direct investments (FDI) in the services sector. Approved investments in GS by multinational companies were recorded at RM46.1 billion, constituting 51.7% of total FDI in the services sector from 2016 to 2020.

With micro-credential courses taking barely five days to upskill participants, the industry looks forward to more and more professionals taking the initiative to improve themselves. Micro-credentials specifically address the areas urgently in need of upskilling, so it is the perfect and immediate solution to bite-sized learning. Elaborating on its advantages, he said such courses also do not cost as much as professional certifications, and with finances being ever so hard to earn these days, micro-credentials are the perfect way to move forward. It is important to ensure that the most relevant and suitable programmes are offered for immediate relief. “Micro-credentials are helping to address immediate demands in Malaysia, but it has yet to be fully endorsed among local talents."

SERDANG (Aug 27): National Recovery Council (MPN) chairman Tan Sri Muhyiddin Yassin has proposed that a one-stop agency be created to collect data on individuals and households that are truly in need of assistance. He said the agency, which also aims to coordinate all forms of assistance, could emulate the Centrelink model implemented in Australia in managing the distribution of aid to eligible recipients. He also said that an efficient, fast and uniform system of eligibility review and aid distribution is needed to ensure there is no duplication of recipients. In the meantime, Muhyiddin suggested that the country immediately switches to high-tech industries with higher added value and more lucrative salary offers. He said the Government also needs to improve the competitiveness of micro, small and medium enterprises (MSMEs), especially in increasing added value, including through the dominance of automation and digitisation, thus creating more high-income jobs for the people.

BANGKOK (Aug 27): The Asia-Pacific Economic Cooperation (APEC) member economies recognised the need to develop a new international instrument on pandemic prevention, preparedness and response to strengthen the International Health Regulations (2005). “HLM12 reaffirmed the importance of immunisation programmes as the most cost-effective public health measures, which have direct impacts on economic benefits and growth in our region,” it said. Thailand’s Deputy Prime Minister and Public Health Minister Anutin Charnvirakul chaired the two-day HLM12 meeting that concluded on Friday. The statement said APEC member economies are committed to improve health and well-being, aiming to promote trade, inclusive growth and development in the APEC region and to increase their investment in health security and health system. The APEC economies also reaffirmed their commitment to better prepare for future pandemics and other health threats and to achieve and maintain universal health coverage.