Haiti gangs to lift fuel terminal blockade amid shortages
The G9 alliance of gangs has for nearly a month been preventing trucks from reaching the Varreux fuel terminal outside Port-au-Prince, leading to shortages that have forced hospitals, businesses and schools to limit operations. But he added that if Henry did not resign in that period, the gangs would take other actions, without elaborating. Many Haitian truck drivers are refusing to transport fuel due to the constant threat of kidnappings by gangs. Canada said late on Thursday that it was withdrawing non-essential personnel from its embassy, citing security problems that are being exacerbated by fuel shortages. Henry last month said the government had organized police escorts to ensure the security of fuel delivery trucks.
Source:The Star
November 13, 2021 09:04 UTC
Samaiden wins RM60 mil EPCC job for 15MW solar plant in Penang
KUALA LUMPUR (Nov 12): Samaiden Group Bhd said it has secured a RM60.05 million contract to undertake engineering, procurement, construction and commissioning (EPCC) works for a 15MWac large scale solar photovoltaic power plant in Penang. Samaiden said its wholly-owned unit Samaiden Sdn Bhd accepted the letter of award from Bakateam Services Sdn Bhd for the project in Simpang Ampat, Seberang Perai. The defect liability for the project is 24 months from the date of commercial operations, it added. This is the fourth renewable energy EPCC contract announced by the group in 2021, after a 2MWac biomass plant in Terengganu worth RM25.8 million, a 10MWac solar plant project in Penang worth RM46.4 million, and four contracts totalling RM22.84 million awarded by Malakoff Corp Bhd unit in August. Shares of Samaiden settled down 1 sen or 0.85% at RM1.17 on Friday (Nov 12), valuing the group at RM245.7 million.
Source:The Edge Markets
November 13, 2021 04:30 UTC
AZ, Sinovac vaccines being reviewed for booster shots, says Health DG
PETALING JAYA: Other Covid-19 vaccines are undergoing a review process for use as a booster dose, says Tan Sri Dr Noor Hisham Abdullah. Dr Noor Hisham said it is also possible for fully-vaccinated Sinovac recipients to receive the same vaccine as a booster dose. However, he said at the moment, the NPRA has not yet approved Sinovac as a booster shot. “We urged Malaysians who are given a booster shot appointment to come forward to get it,” he said. Now this group is in the phase of receiving booster doses,” he said.
Source:The Star
November 13, 2021 03:02 UTC
Sharp rise in tin price lifts MSC 3QFY21 net profit by more than double
KUALA LUMPUR (Nov 12): Malaysia Smelting Corp Bhd (MSC) announced that its net profit for the third quarter ended Sept 30, 2021 (3QFY21) more than doubled or 130.8% to RM28.94 million from RM12.54 million, mainly benefitting from the higher average tin price during the quarter. According to MSC, average tin price soared 92.5% to RM141,915 per tonne for 3QFY21 compared with RM73,708 in the same period a year ago. The average tin price climbed 74.2% to RM121,458 per tonne in 9MFY21 compared with RM69,717 in the same period last year. On prospects, the tin smelter said tin price has recently reached a record high, and that the current global landscape promoting environmental and sustainability initiatives, photovoltaic installations, electric vehicles (EVs) and growth in electronics bode well for the demand of tin. On Friday, shares of MSC settled six sen or 2.12% higher at RM2.89, bringing its market capitalisation to RM1.21 billion.
Source:The Edge Markets
November 13, 2021 00:23 UTC
SC says Serba Dinamik probe ongoing
In June, Serba Dinamik appointed three new independent directors including current chairman Datuk Mohamed Ilyas Pakeer Mohamed. The suspension came as Serba Dinamik declined to make public the SIR findings from EY. “We disagree with the position taken by Serba Dinamik. Since its listing in 2016, Serba Dinamik has shown stellar year-on-year growth in its financial performance. For the 18-month period ended June 30, 2021, Serba Dinamik posted a net profit of RM759.98 million on revenue of RM8.6 billion.
Source:The Edge Markets
November 12, 2021 13:54 UTC
The Grand Seiko Hi-Beat 36000 80 Hours wins the men’s watch prize
From the six nominated watches in the men’s watch category, the jury of 30 selected the Grand Seiko Hi-Beat 36000 80 Hours as the best men’s watch of the year. The Grand Seiko Hi-Beat 36000 80 HoursThe Hi-beat 36000 80 Hours watch offers a new perspective on the brand’s philosophy, The Nature of Time. Its dial is inspired by the slender and strikingly beautiful white birch tree forests that thrive in northern parts of Japan, and that grow in profusion near the Grand Seiko Studio Shizukuishi where this and all Grand Seiko mechanical watches are made. Caliber 9SA5 will be the foundation upon which a whole new generation of Grand Seiko mechanical watches will be created in the future. The award was accepted by Frédéric Bondoux, president of Grand Seiko Europe, followed by a speech by Akio Naito, president of Seiko Watch Corporation who joined the ceremony remotely from Tokyo, Japan.
Source:The Star
November 12, 2021 12:13 UTC
My Say: Leveraging technology to enhance Malaysia’s market integrity
By contrast, regulators use suptech to supervise capital markets and their participants. The relationship between regulated entities and oversight bodies will continue to become closer as more data sharing is required, and facilitated, in real time. This ecosystem will provide the necessary cross-pollination of ideas to promote innovation and development of new technologies applied to Malaysian capital markets. How capital market intermediaries can adopt regtechAs capital market intermediaries continue to increase in complexity, and their systemic profile similarly grows, they will have to adapt to new and highly data-intensive requirements. Greater use of privacy-enhancing technologies will also ensure that requirements for more data sharing are balanced against the need for individual privacy.
Source:The Edge Markets
November 12, 2021 09:44 UTC
Job applicant loses almost RM100,000 in ad scam
JEMPOL: A 21-year-old man from Bahau in search of a job has been cheated of almost RM100,000 in an online scam here. Supt Hoo said apart from using his savings, the victim had also borrowed RM25,000 from his sister to pay for the purchases. “After having made purchases over a three-day period, the victim was told that he would receive a total of RM147,433. “However, the so-called customer service agent then told him that he would have to pay a RM20,000 processing fee,” he added. Supt Hoo said preliminary investigations revealed that the three accounts into which the victim had earlier banked the money into were also used for other online scams.
Source:The Star
November 12, 2021 05:16 UTC
Carbon neutrality: Norway tops the first 'Net Zero Readiness Index'
A new index, unveiled at the opening of the COP26 climate summit, ranks 32 developed countries according to their readiness to achieve carbon neutrality by 2050. The Net Zero Readiness Index 2021 measures the preparedness of 32 G20 countries to address climate challenges in the transition to Net Zero. Their scores were awarded in relation to 103 indicators that KPMG considers as key drivers to achieving Net Zero, as per the World Resources Institute definition of the term. Britain's goal of achieving carbon neutrality by 2050 was announced Oct 19 by Prime Minister Boris Johnson, less than two weeks before the opening of COP26. Sweden, Denmark and Germany – ranked third, fourth and fifth, respectively – are considered the other countries best equipped to achieve carbon neutrality.
Source:The Star
November 12, 2021 02:55 UTC
My Say: Time to fix broken climate finance promises
Thus, the rich countries’ Organisation for Economic Co-operation and Development (OECD) reported US$80 billion in climate finance for developing countries in 2019. Fudging numbersBut OECD climate finance numbers include non-concessional commercial loans, “rolled-over” loans and private finance. Official development assistance redesignated as climate finance should be categorised as “reallocated”, rather than “additional” funding. India has disputed the OECD claim of US$57 billion climate finance in 2013/14, suggesting a paltry US$2.2 billion instead! Oxfam estimates public climate financing at only US$19 billion to US$22.5 billion in 2017/18, with little effective coordination of public finance.
Source:The Edge Markets
November 12, 2021 02:40 UTC
Cover Story: What went wrong at Sapura Energy
SAPURA Energy Bhd is arguably the biggest Malaysian casualty of the meltdown in oil prices more than five years ago. What went wrong at Sapura Energy, and why is the company struggling even as oil prices are strengthening? I have 10,000 people who work for Sapura Energy’s best interests.”Shareholders of Sapura Energy were unhappy over Shahril’s salary, which they perceived to be high. Other than divesting assets, Sapura Energy is also looking at a change in strategy. While his explanation on what went wrong at Sapura Energy holds water, many of his industry peers say it won’t be easy getting out of the predicament.
Source:The Edge Markets
November 12, 2021 00:51 UTC
There are still signs of rebound among Malaysian stocks, says Inter-Pacific
KUALA LUMPUR (Nov 11): Inter-Pacific Securities Sdn Bhd said despite remaining oversold, there are still few signs of a rebound among Bursa Malaysia stocks as yet. In addition, it said market players are waiting for the 3Q2021 GDP to be released tomorrow to gauge the state of the country’s economy that could also provide some market cues. “Therefore, market players are likely to remain on the sidelined until there are further signs of market recovery before making a return. Inter-Pacific said in the broader market, conditions are also insipid that could also leave the downside bias intact for longer. “Most market players are still wary of the prevailing market uncertainties, and they are likely to reduce their stock market exposures until sentiments improves,” it said.
Source:The Edge Markets
November 11, 2021 13:29 UTC
Campaign SOP restrictive but provides level playing field, say candidates
MELAKA (Bernama): The campaign guidelines set by the Election Commission (EC) for the Melaka state election may be restrictive, but all quarters should accept them in the interests of public safety, according to two candidates. It's a good thing to use the digital platform, as it ensures the safety of the people. "Voters have been living in the new normal for two years and I think they can follow our message online. The EC has banned ceramah, lectures, physical campaigning, house-to-house visits, walkabouts and distribution of pamphlets to the public throughout the campaign period. Early voting is on Nov 16 and polling is set for Nov 20 to elect representatives to the 28 seats in the Melaka State Legislative Assembly.
Source:The Star
November 11, 2021 11:17 UTC
PM: Agenda Nasional Malaysia Sihat to help Malaysians face endemic Covid-19
KUALA LUMPUR (Bernama): The Agenda Nasional Malaysia Sihat (ANMS) launched on Thursday (Nov 11) is to help Malaysians prepare to face and cope with the endemic phase of Covid-19, says Prime Minister Datuk Seri Ismail Sabri Yaakob. He said ANMS is aimed at cultivating a healthy lifestyle and promoting environmental sustainability to support the health and well-being of Keluarga Malaysia. "To ensure that the health literacy of Keluarga Malaysia can be improved, the Ejen Kesihatan Komuniti or MyCHAMPION capacity building programme will be strengthened, especially in education and health promotion efforts," he said. "This allows us to identify health risks earlier and make health interventions either at the Wellness Hub (Hub Sejahtera), health clinics or hospitals, according to the health status," added Ismail Sabri. Ismail Sabri added that with the noble aspiration, the government is committed to providing adequate allocations to ensure that ANMS can be successful and fully benefit Keluarga Malaysia.
Source:The Star
November 11, 2021 09:45 UTC
Ex-Muncie Mayor Dennis Tyler sentenced to 1 year in prison
— Former Muncie Mayor Dennis Tyler on Wednesday was sentenced to a year in federal prison after pleading guilty to accepting $5,000 from a contractor who had received city contracts. “I stand before you so ashamed, sorry and absolutely scared to death for what might happen next,” the 78-year-old Tyler told U.S. District Judge James Sweeney II before the sentence was imposed. Tyler was indicted by a federal grand jury in Indianapolis in November 2019 — a few weeks before his second and final term as Muncie mayor ended — on a count of theft of government funds. “I could have said no (to the payment) and I wouldn’t be standing before you today,” Tyler told the judge on Wednesday. The former mayor will remain free for the time being until told by federal authorities when to report to prison.
Source:The Star
November 11, 2021 09:44 UTC