“This is because the high humidity levels and the (surface conditions) of the Earth have led to this phenomenon (climate change),” he said in a statement. Ismail Sabri also encouraged state governments to use the Climate Change Adaptation Index to increase responses to the impact of climate change. On a related matter, Ismail Sabri said a proposal to use electric vehicles (EV) in big events was also discussed. “This initiative is expected to drive the EV ecosystem in this country besides effectively reducing greenhouse gas (GHG) emissions,” Ismail Sabri said. Ismail Sabri will be leading the Malaysian delegation to the United Nations Climate Change Conference in Egypt from Nov 6 to 18.

There have been concerns over the company’s cash flow and high gearing. The negative cash flow is expected from the business model of concessionaire-based projects like solar farms and WTE (waste-to-energy), which require intensive capital expenditure (capex) upfront. (For a more detailed explanation, please refer to the explanation in our Cash Flow Statement of 1Q2022.) The stable cash flow track record of the completed solar farms over many years has given a lot of comfort to lenders as certainty and reliability of cash flow is high. The recognition and reporting of the WTE project cost and revenue require compliance with the prevailing accounting standards.

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 8.02 points to 1,449.26 from Monday's close of 1,441.24. The benchmark index, which opened 2.06 points higher at 1,443.3, moved between 1,443.26 and 1,450.73 throughout the session. On the broader market, gainers outpaced losers 508 to 296, while 350 counters were unchanged, 1,121 untraded, and 19 others suspended. According to Malacca Securities Sdn Bhd, technology stocks are set to rebound with the Wall Street futures turning green at this juncture. The brokerage also noted that stocks on the local bourse were oversold and could be due for bargain-hunting opportunities.

Tropicana WindCity, which was first introduced in the Nov 29, 2021 issue of City & Country, will cover 596 acres in Genting Highlands, making Tropicana Corp the second-largest landowner there. Building an integrated township is always our go-to move, but Genting Highlands is a popular tourist hotspot. The first phase of Tropicana Paradise will also be launched on June 16, in conjunction with the Tropicana WindCity master plan. Tropicana Paradise is our catalyst and serves as the heart of Tropicana WindCity.”Tropicana Paradise will be developed in three phases. As Tropicana Paradise’s entertainment hub is located on the main thoroughfare to the peak of Genting Highlands, it will have good visibility.

PETALING JAYA: Malaysia recorded 2,093 new Covid-19 cases on Monday (June 20), bringing the total number of infections in the country to 4,542,705 since the pandemic began. The Health Ministry's CovidNow portal reported that there was one imported Covid-19 case on Monday, while the remaining 2,092 infections were locally transmitted. The portal also reported that 2,082 individuals recovered from Covid-19 on Monday, bringing the total number of recoveries in the country to 4,481,018 since the pandemic began. The CovidNow portal also reported that Malaysia's overall ICU utilisation rate stood at 61.1% with Covid-19 patients accounting for 5.3% of Monday's ICU utilisation rate. The data repository reported that one Covid-19 death each was reported in Selangor, Penang and Kedah on Monday.

Understanding all these changes is necessary to appreciate fully what it all means for us in Asia. Countries such as those in Southeast Asia, which are being wooed by both the big powers, will benefit disproportionately. With workers in short supply, economic growth will be curtailed unless productivity growth can speed up. • Conscious choice of quality over quantity in economic development: China’s phenomenal growth came at the expense of massive environmental degradation. In short, there will be a step-down in Chinese economic growth and the rest of the world will have to get used to that.

LAST week, it was claimed that a fight broke out at a Cheras restaurant, with one man being attacked with an iron bar. VERDICT:TickTRUEIn a statement on Sunday (June 19), Kajang Deputy OCPD Supt Mohd Nasir Drahman said that the incident occurred on Friday (June 17). He said that the fight at a restaurant in Bandar Mahkota Cheras led to a man suffering injuries to his head, requiring 12 stitches. "However, during the meeting, the suspect lost his temper and attacked the victim. "He then used a metal pipe and plastic chair to hit the victim and his friend," he said.

KUALA LUMPUR (June 20): Titijaya Land Bhd’s indirect wholly-owned unit, Aman Duta Sdn Bhd is expected to invest about RM200 million to construct and let a logistics commercial complex on part of land measuring 26,688 square metres in Penang for DHL Properties (M) Sdn Bhd. In a filing with Bursa Malaysia on Monday (June 20), Titijaya said this followed a build-and-let agreement signed between Aman Duta and DHL on June 15, 2022. The property developer said the construction of the facility is expected to commence upon obtaining all necessary approvals, and the project is slated for completion in July 2023. On March 26, 2022, Titijaya announced that its wholly-owned subsidiary, City Meridian Development Sdn Bhd (CMD), and DHL would develop an 8.09-hectare ultra-modern logistics commercial complex in Bayan Lepas, Penang, primarily to provide semiconductor logistics solution for the electrical and electronics sector. In its filing on Monday, Titijaya said CMD would retain its role as the property developer, while the build and lease exercises would be carried out by Aman Duta.

GEORGE TOWN: A syndicate offering non-existing loans amounting in the millions but collecting processing fees have been busted following the arrest of 13 people. State police chief Comm Datuk Mohd Shuhaily Mohd Zain said the loans were offered via social media including Facebook and WhatsApp. He said the syndicate, operating from a luxury condominium in Bukit Mertajam, would contact potential victims before deceiving them by collecting payment as a processing fee. "There had been 132 investigation papers involving this syndicate with losses totalling RM1.9mil. Comm Mohd Shuhaily said three laptops, 27 handphones and 10 notebooks with phone numbers and victims’ bank account details were also seized from them.

KUALA LUMPUR: For the first time since Dec 18, 2020, Malaysia reported zero deaths due to Covid-19, says Health Minister Khairy Jamaluddin (pic). "Our ongoing transition to endemicity has been calibrated and data-driven. Let us pray it continues paying off," he tweeted on Sunday (June 19). Meanwhile, a total of 1,294,225 or 36.5% of children aged five to 11 in the country have completed their vaccination under the National Covid-19 Immunisation Programme for Children (PICKids) as of Sunday. According to the CovidNow portal, a total of 1,737,624 or 49% of the group have received at least one dose of the vaccine.

KUALA LUMPUR (June 20): For the first time since Dec 18, 2020, Malaysia reported zero deaths due to Covid-19, said Health Minister Khairy Jamaluddin. Let us pray it continues paying off,” he said via his official Twitter account on Sunday (June 19). Meanwhile, a total of 1,294,225 or 36.5% of children aged five to 11 in the country had completed their vaccination under the National Covid-19 Immunisation Programme for Children (PICKids) as of Sunday. Follow our Covid-19 vaccination tracker to see where we are in the race to herd immunity. According to the COVIDNOW portal, a total of 1,737,624 children or 49% of the age group had received at least one dose of the vaccine.

The Rhinos are top of the league with 18 points after eight games following their 2-1 win over Pahang at the Likas Stadium in Kota Kinabalu on Saturday. Kim Swee said the team must now strive to be more consistent and wants to see his charges replicate their brilliant first-half performance against Pahang in every game. “We were brilliant in the first half but in the second, we lost our rhythm and took things too easy. Pahang reduced the deficit in the 60th minute through Manuel Hidalgo, but Sabah should have scored two more goals in the second half. “We were outplayed in the first half but we bounced back strongly in the second after changing our game plan.

KYIV (June 19): The war in Ukraine could last for years, the head of NATO said on Sunday, calling for steadfast support from Ukraine's allies as Russian forces battle for territory in the country's east. Secretary-General Jens Stoltenberg said supplying state-of-the-art weaponry to Ukrainian troops would boost the chance of freeing its eastern region of Donbas from Russian control, Germany's Bild am Sonntag newspaper reported. In Ukraine's second largest city Kharkiv, northwest of Luhansk, Russia's defence ministry said its Iskander missiles had destroyed weaponry recently supplied by Western countries. Russian forces were trying to approach Kharkiv, which experienced intense shelling earlier in the war, and turn it into a "frontline city", a Ukrainian interior ministry official said. Though actual membership could take years, the speaker of Ukraine's parliament, Ruslan Stefanchuk, said the move put a common Ukrainian dream at hand.

While reviewing the photo archives left by Nobel Prize-winning Colombian author Gabriel Garcia Marquez, one of his granddaughters came across a mysterious plastic box with the word “grandchildren” written on its label. Another event, which includes the exhibition Gabriel Garcia Marquez: The Making Of A Global Writer, opened recently in Mexico’s Museum of Modern Art. Forty of the letters are being exhibited now for two months in the colonial house in the southern part of Mexico’s capital where Garcia Marquez lived from the 1980s until his death in 2014. Garcia Marquez is know affectionately in Latin America as Gabo. Garcia Marquez has four grandchildren.

JAKARTA (June 19): Several Malaysian conglomerates are currently in talks to secure mega development projects in Indonesia, estimated to be worth a total of between RM5 billion and RM7 billion. Har Man also urged the Malaysian business community to continue exploring opportunities in Indonesia for their future growth, and to take advantage of the country’s post-pandemic economic recovery. Meanwhile, 15 Malaysian construction services and building materials companies, including engineering consulting services company, SD Associates Sdn Bhd are taking part in the Megabuild Indonesia 2022. The launch of the Malaysia Pavilion also saw the signing of an agreement between SD Associates and the Kikim Area Community Communication Forum. SD Associate has been appointed as the manager of an urban planning project spanning 1,400 square kilometres that will become a new autonomous area, namely Kikim District, South Sumatra Province, Sumatra.