Two kids with adverse reactions to vaccine on the mend
PETALING JAYA: Only two serious reports of adverse events following immunisation (AEFI) involving children between the ages of five and 11 have been recorded as at Feb 25. A total of 94 AEFI reports involving vaccine recipients aged between five and 11 years old were received as of Feb 25, with only two reports categorised as serious, she added. WHO, which has established a Global Advisory Committee on Vaccine Safety in order to respond promptly to any concern over vaccines, said vaccine-associated adverse events may affect healthy individuals and should be promptly identified to allow additional research and appropriate action to take place. Health care providers are required to report AEFI, which is unwanted or unexpected health effect that happens after someone receives a vaccine, which may or may not be caused by the vaccine. An AEFI report can be made through MySejahtera, or via www.npra.gov.my.
Source:The Star
March 03, 2022 00:23 UTC
EPF declares 6.1% for conventional savings, 5.65% for syariah
KUALA LUMPUR: The Employees Provident Fund (EPF) has declared a dividend rate of 6.1% for Conventional Savings 2021, with payout amounting to RM50.5bil and 5.65% for Syariah Savings 2021 with a payout amounting to RM6.3bil. Last year, EPF declared dividends of 5.2% for Conventional Savings 2020 and 4.9% for Syariah Savings 2020. The past decade saw EPF’s dividend payout for Conventional Savings at 5.8% in 2010 followed by 6% (2011), 6.15% (2012), 6.35% (2013), 6.75% (2014), 6.4% (2015), 5.7% (2016), 6.9% (2017), 6.15% (2018), 5.45% (2019) and 5.2% (2020). For Syariah Savings, it recorded dividends of 6.4% in 2017, 5.9% in 2018, 5% in 2019 and 4.9% last year (2020). More to comeArticle type: free User access status:Join our Telegram channel to get our Evening Alerts and breaking news highlights
Source:The Star
March 02, 2022 21:24 UTC
Batu Kawan continues to grow
Formerly an oil palm plantation owned by Batu Kawan Bhd, Batu Kawan covers 6,781 acres. The opening of the Sultan Abdul Halim Muadzam Shah Bridge in 2014 helped create further interest in Batu Kawan. Notable developers in Batu Kawan include Eco World Development Group Bhd, Aspen Group Bhd and Paramount Corp Bhd. Since the development of the Batu Kawan Industrial Park (BKIP), the area has attracted many international companies. Property consultants believe that Batu Kawan will continue to grow, thanks to population growth, the expanding industrial sector, and new property projects in the pipeline.
Source:The Edge Markets
February 27, 2022 14:35 UTC
My Say: Challenges for sustainable finance
Sustainable finance is a rapidly evolving area that is now at the front and centre of priorities for financial institutions globally. Financial institutions cannot continue to lean on the repeated mantra of being on a journey as we enter 2022. To overcome the inertia, the industry needs to address three major challenges that are hindering progress on sustainable finance. Financial institutions need to educate ourselves better in terms of understanding — for instance, the importance of primary forests, peatlands, workplace safety, community empowerment as primary issues. Importantly, financial institutions need to empower and take lessons from local heroes working on the ground.
Source:The Edge Markets
February 27, 2022 03:39 UTC
LBS Bina earnings up on property, construction ops
KUALA LUMPUR: LBS Bina Group Bhd ’s net profit for its fourth quarter ended Dec 31, 2021 rose to RM35.50mil from RM20.69mil in the previous corresponding period. This was driven by better performances from the group’s property development and construction and trading divisions. In a filing with Bursa Malaysia yesterday, LBS Bina said revenue in the fourth quarter grew to RM441.84mil from RM294.52mil a year earlier. For 2021, LBS Bina said its property development segment achieved higher revenue and pre-tax profit. Separately, LBS Bina said its construction and trading division achieved revenue and pre-tax profit of RM582mil and RM37mil, respectively, in 2021, as compared to a revenue of RM498mil and pre-tax profit of RM11mil in 2020.
Source:The Star
February 25, 2022 05:19 UTC
Covid-19: Reopening of borders to be announced by PM, says Khairy
PUTRAJAYA: An announcement on the reopening of the country’s borders would be made by Prime Minister Datuk Seri Ismail Sabri Yaakob, says Minister of Health Khairy Jamaluddin (pic). He said the government already had a suitable date for the reopening of the national borders. "The prime minister will announce the date, we already have a date and we will leave it to the prime minister to announce it," he said at a news conference on Covid-19 developments, here, on Thursday (Feb 24). Last Tuesday (Feb 22), National Recovery Council chairman, Tan Sri Muhyiddin Yassin reportedly said that the Health Ministry was preparing and fine-tuning the standard operating procedure (SOP) pertaining to the reopening of the country’s borders. On another development, Khairy said the Health Ministry had received proposals from the Pharmaceutical Services Division to contribute (to other countries), Covid-19 vaccines which would expire after some months if they were not used.
Source:The Star
February 25, 2022 03:21 UTC
Sarawak Oil Palms 4Q net profit leaps 10-fold on higher average realised prices of palm products
Compared with the immediate preceding quarter of 3QFY21, Sarawak Oil Palms' net profit rose 66.03% from RM125.49 million, while revenue climbed 7.11% from RM1.3 billion. The group said the quarter-on-quarter earnings increase was also due to palm products' higher average realised prices, as it noted that 4QFY21's average realised price of palm oil products stood at RM5,468 per metric tonne (3QFY21: RM4,490), while palm kernel products' average realised price was RM4,272 (3QFY21: RM2,919). For the full FY21, Sarawak Oil Palms reported a 150.45% jump in net profit to RM511.21 million from RM204.12 million in FY20, again mainly due to palm oil products' higher average realised prices, despite an 8% drop in fresh fruit bunch (FFB) production because of labour shortages. Going forward, Sarawak Oil Palms said the group's performance will continue to be driven by FFB production and palm products' price movements. Sarawak Oil Palms' shares closed 11 sen or 2.09% higher at RM5.37 on Thursday, giving the group a market capitalisation of RM3.07 billion.
Source:The Edge Markets
February 25, 2022 01:48 UTC
Pentamaster 4Q net profit falls nearly 11% to RM19.65 million, pays two sen dividend
KUALA LUMPUR (Feb 24): Pentamaster Corp Bhd said Thursday its net profit for the fourth quarter ended Dec 31, 2021 (4QFY21) fell 10.95% to RM19.65 million from RM22.07 million a year ago, despite stronger revenue growth. The group’s quarterly revenue grew 11.13% to RM122.49 million from RM110.22 million a year ago, its filing with Bursa Malaysia showed. Earnings per share contracted to 2.76 sen in 4QFY21 versus 3.1 sen a year ago. As for the financial year ended Dec 31, 2021 (FY21), the group’s annual net profit went up 2.52% to RM72.67 million from RM70.89 million a year earlier, as its revenue increased by 21.4% to RM508.39 million from RM418.77 million. The company recommended a final single-tier dividend of two sen for the quarter under review, amounting to approximately RM14.2 million in respect of FY21.
Source:The Edge Markets
February 25, 2022 00:14 UTC
QES 4Q net profit surges 125%, declares 0.4 sen dividend
Revenue for the quarter under review climbed 58% to RM64.26 million compared with RM40.6 million in the same quarter last year. QES declared a final dividend of 0.4 sen per share to be paid on March 31, 2022. For the full year ended Dec 31, the group's cumulative net profit rose 119% to RM18.98 million from RM8.66 million in the previous year. Through its subsidiaries, QES is principally involved in the manufacturing, distribution and provision of engineering services for inspection, test, measuring, analytical and automated handling equipment. QES shares closed up one sen or 2% at 51 sen, with a market capitalisation of RM421.4 million.
Source:The Edge Markets
February 23, 2022 23:54 UTC
TNB installed over 1.8m smart meters in the Klang Valley, Melaka
KUALA LUMPUR (Feb 23): Tenaga Nasional Bhd (TNB) has installed over 1.8 million smart meters in the Klang Valley and Melaka in an effort to improve services to its consumers. "Thanks to consumers in Kuala Lumpur, Putrajaya, Selangor and Melaka who gave us their cooperation that we managed to install more than 1.8 million smart meters. Baharin said the installation of smart meters was one of its "Grid of the Future" initiatives, i.e., TNB needed to reinvest RM9 billion to RM10 billion annually to modernise the national grid. The “Grid of the Future" programme adopts smart, automated and digital technologies to ensure maximum efficiency, reliability and sustainability while supporting future energy sustainability," he said. TNB began installing smart meters four years ago in Melaka and its installation will be expanded in the peninsula in stages so that 9.1 million consumers will have the smart meters by 2026.
Source:The Edge Markets
February 23, 2022 19:47 UTC
Lagenda Properties 4Q net profit up 21.4% to RM56m, declares 3.5 sen dividend
Meanwhile, Lagenda noted that its property development segment’s revenue increased 5.52% to RM210.26 million in the current quarter under review from RM199.27 million. “The increase in revenue generated from property development was mainly due to the acquisition of a property development subsidiary namely Mexitanah Sdn Bhd which was completed during the preceding quarter,” it said. The group declared a second interim dividend of 3.5 sen per share, to be paid on April 11, with an ex-date of March 24. For the full year (FY21), Lagenda posted a 42.29% increase in net profit to RM200.49 million from RM140.9 million as its revenue improved by 20.02% to RM835.55 million from RM696.15 million. Lagenda’s share price closed three sen or 2.03% lower at RM1.45, giving the group a market capitalisation of RM1.21 billion.
Source:The Edge Markets
February 22, 2022 23:56 UTC
Shares of metal-related manufacturers rise ahead of 4Q21 results
Among big caps, Press Metal Aluminium Holdings Bhd rose 5 sen or 0.75% to RM6.70. However, revenue rose 12.62% q-o-q to RM110.04 million, from RM97.71 million. Outlook improvesIn the steel industry, prices of iron ore and coking coal have rebounded by around 60% from its November 2021 low. This year alone, the SGX TSI iron ore futures rose 14% at US$138.15/mt. Fitch Solutions on Feb 21 has sharply revised upwards its iron ore price forecasts for this year to US$120/tonne from US$90/tonne previously.
Source:The Edge Markets
February 22, 2022 17:10 UTC
Malaysia Digital Economy Week at Expo 2020 Dubai garners RM1.3 bil qualified trade and investments
KUALA LUMPUR (Feb 21): The Malaysia Digital Economy Week at Expo 2020 Dubai has garnered RM1.295 billion worth of qualified trade and investments to Malaysia derived from 110 business leads, 138 business matchings and 16 memorandums of understanding (MoUs). Annuar added that the qualified trade and investments represents a massive step towards realising the goals of the Malaysia Digital Economy Blueprint (MyDIGITAL), which targets RM70 billion in digital investments by 2025. The delegation was led by the Malaysian Communications and Multimedia Ministry, together with Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead digital economy agency. Malaysia Digital is set to boost Malaysia’s value proposition to attract digital investments through a new framework centred on three primary components — Agility, Flexibility and Relevance. MDEC said the government and the agency will also be introducing two initial catalytic projects, namely, DE Rantau and Malaysia Digital Trade under the initiative.
Source:The Edge Markets
February 22, 2022 04:22 UTC
KPower consortium bags RM70m hydro power plant job in Sabah
KUALA LUMPUR (Feb 21): KPower Bhd, in a consortium with a China company, has bagged a RM70 million contract to undertake engineering, design, procurement, construction, and commissioning (EPCC) works of small hydro power plants in Kota Marudu, Sabah. ORP, a subsidiary of OHP Ventures Sdn Bhd, was established to undertake the development of the project. Tellhow International Engineering & Contracting is a subsidiary of Shanghai-listed Tellhow Sci-Tech Co Ltd. In a separate statement, KPower said the project is 80% complete, with one site certified to achieve the stipulated commercial operation date by the Sustainable Energy Development Authority. At 2.42pm, KPower shares were up 4.5 sen or 8.33% at 58 sen, valuing it at RM320.25 million.
Source:The Edge Markets
February 21, 2022 19:50 UTC
Malaysia Healthcare Strengthens Healthcare Travel Industry with Synergistic Collaborations at Expo 2020 Dubai
Malaysia Healthcare recently showcased the quality and experience the nation has to offer as a safe and trusted destination for healthcare. During the five-day expo, leaders from various segments of the healthcare travel value chain, including healthcare, pharmaceuticals, facilitators, technology solution providers and policy makers, joined Malaysia Healthcare and participated in multiple networking opportunities, sealing multiple partnerships with value chain stakeholders. Malaysia Healthcare is moving fast towards establishing a digital framework to enhance the delivery of healthcare services and experiences. Malaysia Healthcare is inviting healthcare travellers to Experience Malaysia Healthcare once again, facilitated by our stringent SOPs and dedication to exemplifying patient safety and experience. To begin planning your healthcare journey, please visit www.malaysiahealthcare.orgwww.malaysiahealthcare.org | Malaysia Healthcare | Malaysia Healthcare Travel Council | #experienceMalaysiaHealthcare
Source:The Edge Markets
February 20, 2022 22:15 UTC