MAA seeks bigger role in KNM after non-repayment of Thai bonds
The non-payment event came just weeks after MAA’s controlling shareholder Tunku Datuk Yaacob Khyra came in as a non-executive director in KNM on Nov 1. When contacted by The Edge, Yaacob, who previously suggested the possibility of renegotiating or refinancing the Thai bonds, said he was briefed about the non-payment event at his first KNM board meeting. “I was quite disappointed that [the company] did not manage the non-payment event. “Because of this event of non-payment, it’s time for MAA to take a more serious role in the operations of KNM. At end-June, KNM had short- and long-term borrowings of RM711.86 million and RM623.48 million respectively, against cash of RM256.47 million.
Source:The Edge Markets
November 29, 2021 17:25 UTC
Germany provides financial support for Lao garment workers
VIENTIANE (Vientiane Times/Asia News Network) early 21,000 garment workers affected by the Covid-19 pandemic have received emergency financial support totalling over 18.6 billion kip (about US$1.85 million). The funding support was provided by the government of Germany through the International Labour Organisation (ILO). An event to close the garment workers’ income support programme in response to the effects of the pandemic took place both online and onsite on Wednesday (Nov 24). Speaking at the event, Director General of the Lao Social Security Organisation (SSO), Keo Chanthavoxay, said 20,698 employees at 47 garment factories had received financial support. It is also providing equipment and cleaning items for Covid-19 prevention as well as funding a quarantine centre for garment workers.
Source:The Star
November 29, 2021 08:22 UTC
Ringgit opens slightly higher against US dollar at opening
KUALA LUMPUR (Nov 29): The ringgit opened marginally higher against the US dollar on Monday (Nov 29) as the greenback retreated on concerns about the latest coronavirus variant and the possibility of travel control being imposed by several countries. At 9am, the local note opened higher at 4.2350/2395 against the greenback from 4.2370/2400 at last Friday’s close. Meanwhile, the local note was traded lower against a basket of major currencies at the opening. It eased versus the British pound to 5.6444/6504 from 5.6403/6443 at last Friday's close and depreciated compared to the Singapore dollar to 3.0910/0948 from 3.0893/0920. The ringgit fell against the Japanese yen to 3.7231/7274 from 3.7131/7160 last Friday and slipped vis-a-vis the euro to 4.7809/7860 from 4.7713/7747.
Source:The Edge Markets
November 29, 2021 07:33 UTC
Golf-Chan's par putt clinches win in first Asian Tour event of 2021
(Reuters) - Taiwan's Chan Shih-chang rolled in a four-foot par putt on the final hole to win the $1 million Blue Canyon Phuket Championship on Sunday as the Asian Tour returned to action for the first time in almost two years. Chan pipped playing partner Sadom Kaewkanjana for the $180,000 first prize as he finished on 18-under for the tournament, one shot clear of the Thai golfer. Kim reached the 10th four-under for the day after a run of three successive birdies from the eighth and, at one point, he held a three-shot lead. That turned the tournament into a final hole shootout and, after both Chan and Sadom missed the green with their approach shots, the Taiwanese golfer claimed the title when he rolled in his par putt following Sadom's miss. The event was the first on the Asian Tour since the Malaysian Open in March 2020 due to the ongoing pandemic.
Source:The Star
November 29, 2021 03:18 UTC
Made for Malaysia
It would be unfair to describe Malaysia as a failed state, but we’re certainly on the wane. But we can contribute in our own ways, through constructive deliberations of ideas and proposals on the various aspects of creating a better Malaysia for all of us. The proposed Better Malaysia Assembly, initiated by Tan Sri Nazir Razak to formulate reforms, would certainly be a good deliberative platform if it can come under the auspices of the Conference of Rulers. The proposed Better Malaysia Assembly, with its non-partisan composition, can be the first step towards recalibrating our democracy, institutions and economy. We need to make Malaysia Better, and with the clock ticking, it’s time to engender political certainty and reforms.
Source:The Star
November 28, 2021 02:18 UTC
Is it healthy for kids to be vegetarians?
Vegetarian diets are healthy for kids, as long as they get key nutrients needed to grow healthy and strong. It’s important your child understands that a "vegetarian" diet means a vegetable-based diet. Excellent vegetarian sources of iron include soy, lentils, chickpeas, black-eyed peas, beans and seeds like sesame and hemp. Sampling vegetarian eating one day a week lets them test it out and see if it is something they would like to continue. Be sure to use recipes from a vegetarian eating plan, rather than just leaving out the meat.
Source:The Star
November 28, 2021 00:07 UTC
Anti-scam campaigns to be conducted yearly, say cops
KUALA LUMPUR: Bukit Aman will strengthen the anti-online commercial crime campaign even further by making it a yearly event to increase awareness of scammers' tactics. "While information on scam cases is being spread, such cases are still high due to a lack of awareness in society. SAC Nor Azman said some 400 bags filled with pamphlets were distributed to motorists to widen the scope of awareness among the people. "We believe the trend of scam cases is on the decline since the campaign started. "The campaign received positive feedback from the public and we hope a continuous campaign will elevate the level of awareness of online scams," he added.
Source:The Star
November 27, 2021 22:43 UTC
Manipal Hospitals Klang renamed Bukit Tinggi Medical Centre
KUALA LUMPUR (Nov 27): Manipal Hospitals Klang has been renamed as Bukit Tinggi Medical Centre (BTMC). In a statement on Friday (Nov 26), Ramsay Sime Darby Health Care (RSDH) said the change in name came after its 100% acquisition of the hospital earlier this year. It said the rebranding of the 220-bed hospital reflects the group’s business strategy of distinguishing its internationally-certified hospitals according to their locations. RSDH acting group chief executive officer Peter Hong Kah Peng said BTMC is an excellent addition to the group’s network of facilities and will continue to set the benchmark for comprehensive healthcare services in Klang. "Renaming the hospital according to the neighbourhood it exists in not only creates a distinctive identity, but also helps the facilities to remain connected to the community it serves," he said.
Source:The Edge Markets
November 27, 2021 17:20 UTC
Xiaomi auto plant to have 300,000-unit capacity — report
(Nov 27): Xiaomi Corp.’s auto unit in Beijing will have an annual production capacity of 300,000 cars, the China Securities Journal reported. China’s largest smartphone maker on Saturday signed a contract with Beijing Economic-Technological Development Area, with its auto plant to be built in two phases, each having a capacity of 150,000 cars, the report said. Xiaomi has pledged to invest US$10 billion in the EV business over the next decade, joining a market that’s already crowded with players from Tesla Inc. to local firms such as Nio Inc. and Xpeng Inc. The company said earlier it plans to start mass production of EVs in the first half of 2024.
Source:The Edge Markets
November 27, 2021 12:53 UTC
Identifying winning market positions
With that, the local institutions have emerged as the largest net sellers in the market with an outflow of RM9.9bil. DIBots Intelligence, as the subscription-based service is called, can provide market data that identifies the trend and helps investors make better investment decisions. Institutional investors get itLet’s first look at the fund flows among foreign investors, including those carried out via nominees. Based on the top 10 net inflow/outflow among retail investors, retail investors only got it right on being net buyers of Public Bank and Maybank, as the year-to-date, these two companies provided positive returns. Hence, just like how investors deploy technical charts to gauge entry or exit points, data provided by DIBots too can be used to enhance an investors’ market entry or exit points.
Source:The Star
November 27, 2021 12:50 UTC
INDOOR FARMING GAINING POPULARITY
“We are convinced that using Malaysia as an indoor farming and development base to promote indoor farming has great potential to spread to other South-East Asian countries,” said Square Roots general manager Jennifer Sow In Heng, the partner of Sananbio Malaysia indoor agricultural system. With automatic control of temperature and humidity in a clean environment, other than nutrient and LED lights, vertical farming will avoid those normal challenges faced by traditional agriculture like insects and diseases. “We are convinced that using Malaysia as an indoor farming and development base to promote indoor farming has great potential to spread to other South-East Asian countries,” said Square Roots general manager Jennifer Sow In Heng, the partner of Sananbio Malaysia indoor agricultural system. Its flagship product-Radix modular multi-layer hydroponic growth system integrates the plant light source system, cultivation board and nutrient solution supply system to provide the “sunlight” and “land” needed for plant growth. The Uplift research and development team has also independently developed a digital plant cultivation management system aptly dubbed PlantKeeper.
Source:The Star
November 27, 2021 01:18 UTC
Internal medicine: a career path that leads to much more
Internal medicine is a combination of clinical diagnostics on a broad range of complex and common conditions, with a personalised and compassionate approach to medicine. A doctor of internal medicine – called internists – specialises in managing diseases of internal organs such as the heart, kidneys, liver and lungs, while also serving as a primary care physician for adult patients. The subspecialties within internal medicine include cardiology, gastroenterology, pulmonary orcritical care, infectious disease, haematology or oncology and nephrology. Subsequently, internal medicine is often considered to be the gateway to a wide range of subspecialities. If you relish being a significant contributor to medical research, internal medicine may be a good fit for you too.
Source:The Star
November 27, 2021 00:29 UTC
Analysts foresee solid recovery for Genting and Genting Malaysia
KUALA LUMPUR (Nov 26): Analysts on Friday maintained their buy calls on Genting Bhd and Genting Malaysia Bhd (GENM) as they foresee solid recovery for the two companies. It also revised its FY22 to FY23 earnings forecasts to RM1.5 billion and RM2.4 billion, from RM1.4 billion and RM2.1 billion. "We expect a solid recovery in 4QFY21 supported by the recovery from its gaming businesses in Malaysia and Singapore," it said. According to the research house, GENM witnessed a strong return of local visitors to Resorts World Genting (RWG) since Malaysia lifted its interstate travel ban on Oct 11. Meanwhile, CGS-CIMB said in a note that Genting 9MFY21 core net loss would be in line if not for RWLV net losses.
Source:The Edge Markets
November 26, 2021 17:04 UTC
Brem Holding's majority shareholders seek to privatise group, offering RM1.20 per share
KUALA LUMPUR (Nov 26): Brem Holding Bhd's majority shareholders, Brem Properties Sdn Bhd and Tan Sri Khoo Chai Kaa, have proposed to privatise the company via a share capital reduction (SCR). The RM1.20 offer price, it said, represents a 51.9% or 41 sen premium over Brem Holding’s last traded price of 79 sen on Nov 25. They added that they do not intend to maintain the listing status of Brem Holding. “Accordingly, we will request Brem Holding to make an application to Bursa Securities to delist Brem Holding and withdraw its listing status from the official list of Bursa Securities upon completion of the proposed SCR,” they said. Brem Holding shares were last traded 10 sen or 12.66% higher at 89 sen, valuing the group at RM292.79 million based on the company's 328.98 million issued shares.
Source:The Edge Markets
November 26, 2021 16:48 UTC