Other debt paper includes Treasury bills, government housing sukuk (SPK) as well as offshore borrowings. Some RM110.4 billion, or 11%, of Malaysia’s RM1.058 trillion debt paper (as at end-March 2022) matures within a year; and 28%, or RM276 billion, are maturing within three years. Simply put, about half of the current debt paper is likely to be rolled over at higher rates within five years — barring an about-turn in the direction of global rates. Including this year’s estimate of RM43.1 billion, Malaysia would have spent RM468 billion on interest payments for its debt alone since 2000. The RM43.1 billion debt service charges estimated for 2022 are more than double the RM18.18 billion earmarked for education, health and housing under development expenditure for this year.

The FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.62 of-a-point to end at 1,518.16 compared with Tuesday's close of 1,518.78. Total turnover increased to 2.72 billion units worth RM1.91 billion from 2.69 billion units worth RM2.22 billion on Tuesday. The Main Market volume increased to 1.98 billion shares worth RM1.72 billion from 1.84 billion shares worth RM1.97 billion on Tuesday. Warrants turnover dwindled to 313.18 million units valued at RM44.86 million versus 424.16 million units valued at RM54.67 million previously. The ACE Market volume improved slightly to 432.65 million shares worth RM143.61 million from 432.09 million shares worth RM194.37 million on Tuesday.

And we wrongfully convicted a legal migrant worker, and then wrongfully whipped him before an appeal was heard. But I see them as rather telling of how we treat the poor, the defenceless, and migrant workers. In the case of the mother, she was born and bred in Malaysia, as were her children. The shocking whipping of Sabri Umar, an Indonesian migrant worker, occurred in Tawau, Sabah, on June 23, despite a pending appeal. We live in a culture that is simply hostile to the poor.

Looking at natural gas and crude oil prices, we should see elevated numbers and that definitely will eat into corporate earnings,” he adds. A head of a bank-backed research house who declined to be named thinks the strong rebound in the US markets is not justified in the face of corporate earnings risk. He says investors could consider tech stocks if there is any pullback, as they benefit from a weak ringgit and strong earnings by US tech giants. However, he stresses that the upside in tech stocks is dependent on the Nasdaq, whose valuation has come down because of the US tapering interest rate hikes. He cautions that investors need to be vigilant when it comes to investing in plantation stocks.

The late great economist Kenneth Arrow wrote an influential paper back in 1962 titled “The economic implications of learning by doing”. I am now, like many Malaysians without a background in naval matters, more informed about the different types of naval vessels. Mokyr, as the title of his book suggests, attributed this growth to “culture”, which is a big concept. It eventually made the suppression of new and different ideas a lost cause. The sustainability of economic growth and all that comes with it depends on its cultural strength.

According to the initial completion deadline, the company should have shown journalists five completed LCS. The navy, the single largest client of BNS, expected the delivery of the first LCS in April 2019. The contention surrounding the LCS project is that RM6.1 billion has been disbursed by the Government for the LCS project, but not one single vessel has been completed by BNS. At one point, there were up to 140 engineers working on the project, Azhar said. All said, showing the LCS project progress is not enough to quell public outcry — rightly so, as the massive project, likely costing more than RM10 billion, is fully-funded by taxpayers' money.

KUALA LUMPUR: Malaysians will be able to watch 41 Qatar 2022 World Cup matches for free, which will be broadcast free-to-air by Radio Television Malaysia (RTM). "RTM will broadcast matches involving high-ranking countries that have many fans in Malaysia," he told reporters after launching the "Menjelang Sepak Mula Piala Dunia 2022 Qatar" programme in conjunction with the appointment of RTM as an official broadcaster of the Qatar World Cup, here on Sunday (Aug 14). The Qatar World Cup will be held from Nov 20 to Dec 18. According to Annuar, the matches will be broadcast through three channels namely TV2, TV Okey, Sukan RTM as well as livestreaming via RTM Klik. The Qatar World Cup with the slogan "Now Is All" will take place in eight official stadiums in Qatar involving 32 countries.

KUALA LUMPUR (Aug 14): The transition to clean energy is inevitable as the world moves towards reversing the impact of climate change, while simultaneously strengthening energy security to hedge against external uncertainties, such as the Russia-Ukraine conflict’s impact on the energy sector. Renewable energy such as hydrogen is more secure now, as we need to import coal from producing countries such as Indonesia. Roslan said hydropower dams are an important source of renewable energy, noting that hydroelectricity currently powers about 10% of the national power grid. Nonetheless, he acknowledged that it would take a while for the transition from coal to clean energy to take place. The project is aimed at increasing renewable energy capacity in West Malaysia, solving the long-standing problems of flood and clean water supply in Kelantan, and creating eco-tourism opportunities.

SERDANG: The government is looking into a proposal to lift the ban on export of chicken, said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said poultry breeders had made an application to the government to review the ban on chicken export. "This is being discussed and (Agriculture and Food Industries Minister) Datuk Seri (Dr) Ronald (Kiandee) will provide the details on the amount of chicken output for next month. "We fear that by allowing 3.6 million birds to be exported a month, supply in the country will be affected. That’s why I asked MAFI (minister) to look into detail the chicken output projection for next month," he said on Saturday (Aug 13).

All three rank among its top 10 holdings as of the end of June, according to a regulatory filing Friday. Other new additions included US$168 million of Alleghany Corp stock and US$201.5 million in shares of American Campus, which Blackstone Inc agreed to buy in April. Soros, 92, has used his fortune to fund groups promoting justice, democracy, human rights and progressive politics through his Open Society Foundations. He’s poured billions into his philanthropic efforts, and most of his firm’s assets now belong to the foundations rather than the Soros family. It’s one of the few places to gain insight into how hedge funds and some large family offices invest.

KUALA LUMPUR (Aug 12): Sentoria Group Bhd said it is taking legal advice on the purported termination of the lease agreements for 120 acres of Malay reserve land in Langkawi by Lembaga Pembangunan Langkawi (LADA). Sentoria said that SLSB has paid RM41.38 million to LADA as lease premium consideration with a loan of RM28.9 million from Affin Bank Bhd and the remaining RM12.48 million from internally-generated funds. In a bourse filing on Friday, Sentoria said it has received notice from Affin regarding a refund of RM28.9 million from LADA, allegedly being the refund of the partial lease payment pursuant to the purported termination of lease agreements. Notwithstanding the receipt of the notice, Sentoria said it is taking advice on the purported termination of the agreements by LADA. The group said SLSB had since 2014 incurred property development costs and the carrying amount for the land, including land lease premium and property development costs totalling RM60.15 million to date.

With that in mind, Tiger Crystal decided to fight fire with fire and invited fans to turn up the heat at its latest Heat Exchange event, where fans’ efforts were rewarded with free Tiger Crystal and promo codes. This one-day-only event saw two rounds of Heat Exchange activity carried out with hundreds of bottles of ice-cold Tiger Crystal given away for free to participants. “From now until Oct 31, the hotter it gets, the lower the price of Tiger Crystal goes. Tiger Crystal and all related promotions and activities are strictly for non-Muslims aged 21 and above only. Tiger Crystal advocates responsible consumption and urges consumers to not drink and drive.

SINGAPORE (Aug 12): Malaysian electricity utility Tenaga Nasional Bhd plans to begin the process next year for a potential US$1 billion (RM4.44 billion) listing of its power generation business, sources close to the matter told Reuters. In what would be the country's largest initial public offering (IPO) in a decade, TNB Power Generation Sdn Bhd, known as TNB Genco, could be valued at about US$4 billion, the sources said, declining to be named owing to the confidential nature of the matter. Tenaga incorporated TNB Genco as a separate unit in August 2019 to take on its generation assets and liabilities as part of its group-wide transformation plan. TNB Genco says on its website it has a 54.3% share of Malaysia's power generation market. TNB Genco started operation in October 2020 and owns 10 thermal power plants, three hydroelectric schemes, two large solar farms and one port in Malaysia, according to its website.

Zero trust is a framework that requires focus on people, process, and technology aspects to be effective. The most effective approach is to adopt zero trust using a piecemeal, and not “big-bang”, approach. See the adoption of zero trust as an opportunity to engage and collaborate with stakeholders. Zero trust is about eliminating dangerous trust assumptions of a technical nature in security architecture and establishing a singular security strategy to support the business. DataIn a nutshell, zero trust is a new model and a general philosophy around cybersecurity.

PETALING JAYA: Haagen-Dazs ice cream products which were reported to have high levels of carcinogenic element Ethylene Oxide (ETO), have been recalled from sale in the local market, says Tan Sri Dr Noor Hisham Abdullah (pic). The Health director-general said continuous monitoring would be conducted to ensure such products would not be sold in this country. "Continuous monitoring has been done to ensure the products will not be on sale in the country," he said in a statement. ETO is a chemical gas compound that is carcinogenic and is often used to carry out fumigation to kill pests. Dr Noor Hisham said consumers who have doubts about the products can contact the nearest district health office or send inquiries via the website http://moh.spab.gov.my or the Food Safety and Quality Division's Facebook page at www.facebook.com/ bkkmhq.