Straits Energy to partner Baicells Technologies on wireless network opportunities
KUALA LUMPUR: Straits Energy Resources Bhd has entered into a memorandum of understanding with Baicells Technologies Co Ltd to collaborate on driving wireless network communication business opportunities from the 4G and 5G rollout and also in the digital transformation of the oil and gas industry. Baicells Technologies is an international company, providing technical innovative 4G Long-Term Evolution (LTE) and 5G New Radio Access Solutions that connect more than 50 countries across the globe. "The digital economy and technology will be the backbone of the nation’s economy and Straits is mobilising resources rapidly to ride on this vast digital arena both in the 4G and 5G technology rollout and also in the digital transformation of the oil and gas industry. He added that company also intends to drive the digital transformation of the O&G industry by enhancing the usage of automation, surveillance, remote operations and big data analytics through the IoT to achieve better performance and productivity. Article type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights
Source:The Star
November 16, 2021 20:48 UTC
Lotuss Stores Malaysia partners with GHL to boost Order & Collect service
KUALA LUMPUR (Nov 16): Lotuss Stores Malaysia Sdn Bhd (Lotuss Malaysia), formerly known as Tesco Malaysia, is collaborating with GHL Systems Bhd to boost the retailer’s Order & Collect personal shopper service with a wider range of payment options, powering its online payment via the WhatsApp messaging platform. They also noted GHL powers the online payment option through its online payment product — e-GHL, which connects over 100 renowned Southeast Asian payment channels with a single integration. According to the firms, the Order & Collect complements Lotuss Malaysia’s online delivery service and is an alternative for customers who prefer hassle-free shopping. Lotuss Malaysia and GHL said customers can place unlimited orders of items and collect on the same day from any of Lotuss Malaysia's 62 stores across West Malaysia. Upon receiving a customer’s order via WhatsApp, Lotuss Personal Shopper will provide a payment link to direct customers to GHL’s secured online payment page.
Source:The Edge Markets
November 16, 2021 07:57 UTC
Soccer-Finland game not a friendly, says France coach Deschamps
The holders booked a place at the finals with a game to spare after four goals from Kylian Mbappe led them to an 8-0 demolition of Kazakhstan at the weekend. "It is not a friendly match and it is the last game for the France team this year. We will play to get the best result," Deschamps told reporters on Monday. France are top of Group D with 15 points from seven games, four points ahead of Finland in second place. We have to do it again to get the result we want," Deschamps added.
Source:The Star
November 16, 2021 07:21 UTC
Pharmaniaga's foray into Myanmar opens doors
KUALA LUMPUR: Pharmaniaga Bhd 's successful foray into Myanmar with its Sinovac Covid-19 vaccine bodes well for its strategy to expand its vaccine distribution business beyond the local sector.The pharmaceuticals group announced on Monday it had successfully exported the first batch of fill-finish Sinovac Covid-19 vaccines to Myanmar, manufactured by its wholly owned subsidiary Pharmaniaga Lifescience Sdn Bhd.Under its collaboration with Myanmar-based Hemas Mandalar Pharmaceuticals Ltd, Pharmaniaga will supply 200,000 doses of Sinovac vaccines in a few stages to two private hospitals in Yangon owned by Hemas Mandalar.In a Nov 16 note, MIDF Research reiterated a comment by Pharmaniaga group managing director Datuk Zulkarnain Md Eusope that the collaboration could fortify Pharmaniaga’s established international business relationships, and consequently develop future businesses in vaccine distribution. "The successful export had given Pharmaniaga ample assurance to explore similar opportunities in other countries in the Southeast Asia region, as well as in Africa. "The group is also awaiting regulatory permissions in other countries for the sale and distribution of Sinovac," it said.The research firm said Pharmaniaga's initiative to expand overseas was informed by the successful roll out of Malaysia's national immunisation programme.The programme is currently way ahead of schedule, with over 90% of the adult population and 70% of adolescents aged from 12 to 17 being fully vaccinated.Myanmar, in contrast, has one of the highest Covid-19 infection rates in the world and the lowest capacity for vaccinations with only 15% of its population being fully vaccinated. "We opine that, with the initiative taken by Pharmaniaga to distribute its fill-finish Sinovac vaccines beyond the local population, the number of vaccinated persons would increase, subsequently curbing infection rates in Southeast Asia faster than expected," said MIDF.However, it noted that the initiative and its success is subject to approval by authorities.MIDF has left its earnings forecast for Pharmaniaga unchanged as it believes the current collaboration with Myanmar has already been factored in the current quarter.Nevertheless, it is long-term positive on the group's prospects given its strategies in providing access to its pharmaceuticals and increasing their capacities and capabilities.It maintained its "buy" call with an unchanged target price of 98 sen.
Source:The Star
November 16, 2021 06:59 UTC
Virtual charity concert aims to raise RM200,000
ARTISTES slated for the Strive With Lions Virtual Charity Concert 2021 are looking forward to doing their bit for a good cause. Belle Yu Tian and Chris Angel are the two other artistes who will be performing at the virtual concert on Nov 27 scheduled for 8.30pm to 10.30pm. The concert’s organising chairman Dennix Yeow said funds raised from the virtual charity concert would be channelled to the following initiatives: Lion Education Fund, Lion Health Fund, Lion Environmental Fund and Lion Hunger Relief Fund (Pandemic Fund). “The education fund offers financial assistance to poor bright students to continue their education and vocational training programmes for school-leavers,” he said. Strive With Lions Virtual Charity Concert 2021 is priced at RM50 per ticket.
Source:The Star
November 16, 2021 06:47 UTC
Supermax says only Canadian govt contract on hold, audit to be completed in late November
In a statement, the glove maker said the government contract is on hold, pending submission of the audit report prepared by an independent auditor. Supermax said it has been embarking on its undertaking to meet the International Labour Organisation (ILO) standards on migrant workers since 2019. “All other personal protective equipment (PPE) products such as surgical face masks, glove imports from other suppliers, gowns and dental products which Supermax Canada is doing are not affected. The Canadian government said it will determine its next steps, after reviewing the report from Supermax Heathcare Canada. Read also:Canada pauses imports from Supermax over forced labour concerns
Source:The Edge Markets
November 16, 2021 00:33 UTC
Porsche confirms Cayenne will be locally assembled in Kulim
KUALA LUMPUR (Nov 15): Porsche Malaysia, represented by Sime Darby Auto Performance Sdn Bhd (SDAP), has confirmed that the Cayenne is the model chosen for local assembly in Kulim, Kedah. This development arrived when Sime Darby Bhd announced it was collaborating with Porsche AG to assemble the latter's sports car for the Malaysian market only in August this year. In February, The Edge reported that Porsche was partnering with Inokom Corp Sdn Bhd — a subsidiary of Sime Darby Motors, which is in turn a subsidiary of Sime Darby — to set up an assembly plant in Kulim. Porsche Malaysia said the brand will further expand its presence in Malaysia, complementing its facilities in Kuala Lumpur and Penang with a fourth dealership in Johor Bahru, which will open by mid-2022. "When Porsche first launched the Cayenne, it opened up a world of possibilities for the brand and our customers.
Source:The Edge Markets
November 16, 2021 00:31 UTC
Taliworks profit bounces
PETALING JAYA: Taliworks Corp Bhd saw its revenue rising 23.8% year-on-year (y-o-y) to RM102.3mil while net profit grew 156% to RM41.4mil for its third quarter ended Sept 30, 2021 (Q3), mainly due to higher contribution from its toll division. In financial year 2021, Taliworks has to-date declared a total dividend payout of 4.95 sen per share, translating to RM99.8mil. “We will continue our efforts to tender for infrastructure projects to replenish our order book, including participating in the tender for Sg Rasau Water Supply Scheme. For the nine months under review, revenue dropped 5% y-o-y to RM229.8mil, due to lower revenue from the water treatment, supply and distribution segment. Earnings per share for the nine months was 3.29 sen versus 2.17 sen a year earlier.
Source:The Star
November 15, 2021 23:53 UTC
Semporna police arrest local man in possession of fish bombing device
KOTA KINABALU: A local man in possession of fish bombing paraphernalia has been arrested in Semporna after a raid by the district police early Sunday morning (Nov 14). Semporna district police chief Superintendent Mohd Farhan Lee Abdullah said acting on a public tip-off, a team from the marine police intelligence unit went to an unnumbered house in Kampung Hidayat there at 2am. “During the raid, a 55-year-old man was arrested in the house, and further inspection found the explosives, believed to be for fish bombing activities. He added that the suspect and the confiscated items were taken to the Semporna district police headquarters for further investigation. “The police thanked the information channeled by the public and called for further cooperation if anyone has information on fish bombing activities, to report it to the nearest police station,” added Mohd Farhan.
Source:The Star
November 15, 2021 20:47 UTC
Blast in Afghan capital wounds two
KABUL (Reuters) -A bomb blast in the Afghan capital of Kabul wounded two people on Monday, the Taliban's interior ministry said, just two days after a similar explosion that was claimed by the Islamic State militant group. "I saw people were taking victims from the blast site, I don't know whether they were dead or injured." Interior ministry spokesman Qari Sayeed Khosty said the explosion was caused by a sticky bomb and hurt two people, but gave no details. A similar magnetic bomb had destroyed a minibus in western Kabul on Saturday, killing and wounding several people. (Writing by James Mackenzie; Editing by Ed Osmond and Clarence Fernandez, Editing by William Maclean)
Source:The Star
November 15, 2021 20:11 UTC
Pharmaniaga enters international vaccine market with export of Sinovac Covid-19 vaccine to Myanmar
The pharmaceutical company in a statement on Monday (Nov 15) said that in Myanmar, the Sinovac Covid-19 vaccine will be marketed by Hemas Mandalar Pharmaceuticals Ltd, a Myanmar-based pharmaceutical company, which has placed an initial order of 200,000 doses of filled and finished Sinovac Covid-19 vaccine from Pharmaniaga. Pharmaniaga group managing director Datuk Zulkarnain Md Eusope said the collaboration with Hemas Mandalar would help to accelerate Myanmar’s private market vaccination programme. Follow our Covid-19 vaccination tracker to see where we are in the race to herd immunity. "We are pleased and grateful to have successfully delivered our first international delivery as well as our first batch of filled and finished Sinovac Covid-19 vaccine to Hemas Mandalar. Zulkarnain noted the export of Sinovac Covid-19 vaccines gives confidence to Pharmaniaga to further explore similar opportunities in other Southeast Asia neighbouring countries and also the African countries.
Source:The Edge Markets
November 15, 2021 16:12 UTC
Maybank IB lifts AirAsia outlook on reopening of major markets
KUALA LUMPUR: While the Thai operations of AirAsia Group Bhd continues to drag on the earnings of the low-budget airline group, the falling rate of Covid-19 infections in the region offers optimism for a longer-term recovery, says Maybank Investment Bank Research.Thai AirAsia recently reported wider third-quarter losses of THB2.1bil resulting from a suspension of its flight operations to mitigate a third wave of the Covid-19 pandemic in the country.A "spectre of PN17 classification" looms over the Thai carrier, said Maybank IB, even as the Thai airline embarks on recapitalisation and restructuring initiatives.Consequently, Maybank IB forecasts that AirAsia may take a huge hit in the coming financial year. "For FY22E, our core net loss estimate is twice than before largely due to AAGB recognising the huge MYR1.1b in previously unrecognised losses from TAA," said Maybank IB.Over the longer-term, the research firm emphasised a swing in the group's net profit to the black in FY23, underpinned by the the decelerating rate of Covid-19 cases in the region.There has been a resumption of mass travel in all four of AirAsia's major markets, including Malaysia, which historically contributed 70% to 80% of group profits.Meanwhile, Maybank IB also noted that the Malaysian aviation industry is consolidating, which is positive for Malaysia AirAsia fares. "We forecast FY23E to swing to a core net profit of MYR255m from a core net loss of MYR439m before due to higher MAA fares. "With a profitable FY23E, we hope AAGB will no longer be classified as a PN17 listed issuer by then (if it is classified as such on 7 Jan 2022)," it said.Adding to the future prospects, Maybank IB said AirAsia may also list its digital assets, which will unlock a lot of value for the group.Given the improved outlook, the research firm upgraded AirAsia to "buy" from "sell" and raised its target price to RM1.36 from 36 sen previously.
Source:The Star
November 15, 2021 13:02 UTC
Morgan Stanley economists see 2023 Fed hike
NEW YORK: Morgan Stanley economists are sticking with their prediction that the Federal Reserve (Fed) won’t raise interest rates until 2023, breaking ranks with their own chief executive officer. That’s because they expect inflation to moderate and participation in the labour market to show a sustained rise, Sheets said. The economists sound more dovish than Morgan Stanley CEO James Gorman(pic). In May, he said the Fed would begin tapering its bond buying at the end of this year, while his economists said it would begin in April 2022. The Fed this month announced taper plans.
Source:The Star
November 15, 2021 09:07 UTC
Indira Gandhi files contempt of court application against the police
IPOH: Kindergarten teacher M. Indira Gandhi has filed a contempt of court application against the police. Her lawyer, N. Rajesh, said it was in relation to the police's failure to affirm affidavits every month and to submit it to the High Court here from 2014 to 2020. "The court has directed us to put in our submissions, with the next date fixed for Dec 14 for the contempt application," he told reporters when met outside the courtroom on Monday (Nov 15). She had claimed that the IGP had failed and refused to adhere to a committal order and a recovery order involving her missing child, Prasana Diksa. Both orders were obtained from the Ipoh High Court on May 30, 2014.
Source:The Star
November 15, 2021 08:41 UTC
S’wak empurau dearer than 11-year-old siakap
KAPIT: About a week ago, there was a shocking case of a seafood restaurant in Langkawi, Kedah charging a diner more than RM1,000 for a 11-year-old, 7.48kg siakap. The wild fish, also called “emas Borneo” (Borneo gold), lives in cool and fast-flowing rivers with a rocky riverbed, and will migrate if its habitat becomes polluted. Loh said that usually empurau weighing more than three or four kilos were sold at a higher price because the flesh was dense and chewy. Steamed, there is no denying that empurau tastes very different from other fish – it is chewy, fatty, slightly sweet and quite fragrant. Currently, there are companies that have started breeding and conducting research on empurau with the assistance of the Sarawak Agriculture Department.
Source:The Star
November 15, 2021 07:54 UTC