Yinson Venture Capital invests in clean energy storage solutions
KUALA LUMPUR: Yinson Holdings Bhd 's Singapore-based subsidiary Yinson Venture Capital Pte Ltd has invested in clean energy company Sterling PBES Energy Solutions Ltd.In a statement, the group said the investment fits firmly in its strategy of investing in the marine electrification area, and closely aligns with the group’s climate goals of achieving carbon neutrality by 2030 and net zero by 2050.Sterling PBES is a Canada-based energy storage solutions company that is working to lower or eliminate dependence on fossil fuels in marine and industrial applications, it said.In addition to the investment, Yinson Venture Capital and Sterling PBES have entered into a binding memorandum of understanding to form a joint venture to accelerate the large-scale rollout of the latter's solutions in selected countries in Southeast Asia and beyond.“We believe that SPBES is equipped with high standards in marine energy storage system capabilities, including advanced technology and outstanding safety features. "As a pioneer in this space, SPBES is uniquely positioned to take advantage of the marine decarbonisation initiatives taking place globally," said Yinson executive vice-president of new ventures and technology Eirik Barclay.He said the partnership would leverage Yinson’s strong presence in Southeast Asia to offer SPBES business solutions to marine, port and other industrial energy storage sectors, as well as to establish service and assemblyhubs for energy storage and battery swap solutions.The partnership would also be extended to the non-maritime sector, which are centric to Yinson's electrification of mobility strategy, he added.
Source:The Star
October 06, 2021 05:48 UTC
Get vaccinated for the common good, MMA tells civil servants
PUTRAJAYA: The Malaysian Medical Association (MMA) has called on unvaccinated civil servants to get their Covid-19 jabs for “the common good”. “MMA advises all civil servants who have yet to receive the Covid-19 vaccination to get vaccinated as soon as possible for their own good and for the common good of all. “It is unfortunate that the Public Service Department (PSD) had to resort to making vaccinations mandatory for all civil servants, though it is understandable as the number of unvaccinated civil servants is alarmingly high. The government intends to allow interstate travel once 90% of the adult population are fully vaccinated, and the benchmark is expected to be reached in a few days. On Sept 30, PSD said almost 98% of the federal civil servants had completed their vaccination, and it would mandate the remaining 16,902 to do likewise.
Source:The Star
October 06, 2021 04:52 UTC
Rizal liked to use my name or name dropping, Rosmah says of former staff
Rosmah, 69, in her testimony of her defence in the graft trial, said Rayyan who was the 16th prosecution witness also agreed that Rizal liked name dropping. “My former staff liked to abuse or use my name for name-dropping purposes to ask for money, special treatment or facilities, whereas I had no such knowledge. “From the testimony of Saidi and Rayyan, I could say that Rizal liked to name-drop for his own interest, resulting in both of them to trust what he (Rizal) said. “In fact, I should be the crown witness testifying against Rizal,” Rosmah said of her former aide, adding that Rizal also had disciplinary problems and would go missing at times. This is a selective prosecution, mala fide prosecution in this case, whereas the actual culprit was Rizal,” the lawyer added.
Source:The Edge Markets
October 06, 2021 03:56 UTC
My Say: A shared journey forward
As a young boy, I would sometimes accompany my mother on trips to the pasar, or wet market, in my hometown. Today, I often reflect on the many parallels between these wet markets and the Malaysian capital market ecosystem. Wet markets, with their organised chaos, vibrance and plethora of choices, frequently play an important role in supporting livelihoods, including those of small producers and farmers. Moving from pasars to capital markets, we have a robust ecosystem that supports economic growth and financial stability. The capital market must be efficient, particularly in light of rapid innovation and technological changes.
Source:The Edge Markets
October 06, 2021 03:22 UTC
Businessman claims trial to CBT charge involving statue of deity
According to the charge, the temple committee reportedly entrusted him with a statue of Lord Murugan for repair works but he failed to return it. The accused, who was also a member of the temple committee, was said to have returned a statue which looked similar to the original. Deputy public prosecutor Christhoper Enteri Anak Mawan then asked the court to set bail at RM200,000, saying that the statue had an estimated value of RM2.7mil. However, lead counsel for the accused, M. Manoharan, asked for RM5,000 bail, saying that the charge was related to the theft of a statue made out of stone. "Also, the complainant is not anyone from the temple committee but his younger sister," he said.
Source:The Star
October 06, 2021 03:22 UTC
Self-test before you balik kampung to keep loved ones safe, says Khairy
PUTRAJAYA: With interstate travel set to resume, Health Minister Khairy Jamaluddin has called on those with “balik kampung” plans to take Covid-19 self-tests before visiting family members. “(Only) 1.6% before interstate borders open. While the Health Ministry has transitioned to symptomatic testing, we encourage people who are in high contact and mobility settings to test regularly. “If you want to balik kampung to see elderly parents, do a RTK saliva test. Keep them safe,” Khairy tweeted on Wednesday (Oct 6).
Source:The Star
October 06, 2021 03:00 UTC
PChem, banks lead market rally
KUALA LUMPUR: Bursa Malaysia surged in early morning trade as Petronas Chemicals and financial heavyweights were driven higher on improved investor sentiment and a boost from firmer commodities prices.The market was seen tracking Wall Street's overnight performance higher given the broad-based rebound in US euqities. This came a day after the US equities market was pummelled by a tech rout as rising bond yields spooked investors.At 9.30am, the FBM KLCI was up 17.71 points to 1,548.13 as investors grew even more bullish on Petronas Chemicals given the spike in oil prices while bargain-hunters picked up sold-down financial heavyweights.Market breadth was positive with 480 gainers compared to 189 decliners.According to Malacca Securities Research, the key index may continue to trade higher over the near term given the rebound in US markets while the easing domestic restrictions may also continue to offer upside. "The reopening of economic activities should support the market sentiment and the recovery narrative for now," it said.By sector, the research house said the firmer commodities prices should play a role in drawing interest into oil and gas and plantation stocks as Brent crude stood above US$82 a barrel while crude palm oil advanced to above RM4,700 a metric tonne.The gains in the Baltic Exchange Dry Index to above 5,400 could also see continued interest in transport stocks.At the time of writing, Petronas Chemicals was up 34 sen to RM9.03, leading the strong gains on the market.In banks, Maybank climbed nine sen to RM8.10, Public Bank added three sen to RM4.09, CIMB gained seven sen to RM4.79 and Hong Leong Bank was up 14 sen to RM18.88.In the plantation sector, Sime Darby Plantation was up 12 sen to RM3.79, Kuala Lumpur Kepong rose 90 sen to RM21.08 and IOI Corp gained eight sen to RM3.86.Elsewhere, Press Metal added 11 sen to RM5.89 while Tenaga gained 11 sen to RM9.73.Top actives on the market were SC Estate Builder up three sne to 12 sen, Sapura Energy gaining 0.5 sen to 10.5 sen and Serba Dinamik rising 1.5 sen to 34 sen.
Source:The Star
October 06, 2021 01:42 UTC
China property sector woes deepen
HONG KONG: As investors were abuzz yesterday with cash-strapped China Evergrande Group’s possible sale of a stake in a unit to raise as much as US$5bil (RM21bil), more Chinese property developers grappled with ratings downgrades on worries about their ability to repay debt. Evergrande is facing one of the country’s largest-ever defaults as it wrestles with more than US$300bil (RM1.25 trillion) of debt. The company on Monday requested a halt in the trading of its shares in Hong Kong pending an announcement about a major transaction. Hopson also said it had suspended its shares, pending an announcement related to a major acquisition of a Hong Kong-listed firm and a possible mandatory offer. In a statement, the property developer said it would assess the potential impact of the non-payment on the group’s financial conditions.
Source:The Star
October 06, 2021 01:41 UTC
Easing the burden of poor patients
“I did go to a private hospital but they charged quite a bit for just a check-up and short admission. After being told that a heart procedure was needed to clear three major blockages, a neighbour told him about Penang Adventist Hospital’s (PAH) Patient Heart Fund. Suspecting something amiss, Kumar’s employer told him to visit PAH. “After deducting from my company’s insurance and what my family could afford, the hospital’s Patient Heart Fund helped to settle the balance of RM18,000,” he said. To mark World Heart Day on Sept 29, Lim, Kumar and Azizul shared their stories and how the fund eased their financial burden.
Source:The Star
October 06, 2021 01:06 UTC
Choices aplenty for veggie lovers
PANDEMIC notwithstanding, a plethora of vegetarian delights await devotees who observe vegetarian diet during the Nine Emperor Gods Festival in Penang. He will still be selling vegetarian dishes from his temporary roadside stall in Perak Road for 10 days during the festival. “I have been selling vegetarian burgers, fried meehoon, curry noodles, pao, dumplings and economy rice for the festival since 1997. As for economy rice dishes, Ooi’s stall has more than 100 varieties for customers to choose from. Ooi said he will ensure that all standard operating procedures are strictly followed at his roadside stall.
Source:The Star
October 06, 2021 01:03 UTC
APHM: Private hospitals have lesser Covid-19 patients now
Association of Private Hospitals Malaysia (APHM) member hospitals have a decreased number of admitted Covid-19 patients both in ICU and normal wards since the last two weeks particularly at the Greater Klang Valley. Private hospitals have lesser decanted patients from the public hospitals too. This has been one of the largest transfer of patients to the private hospitals which had significantly assisted public hospitals in managing Covid-19 during the peak about two months ago. In Sibu, Sarawak there has been outsourcing of non-Covid-19 patients to two private hospitals and one private hospital in Kuching is now accepting Covid-19 self-paying patients. The country will have an increase in revenue from the private hospitals once the process of accepting and treating medical tourist is allowed.
Source:The Star
October 06, 2021 00:45 UTC
Digital venture boost for IHH Healthcare
The research unit is also positive on IHH Healthcare’s venture into digital healthcare, and opined that this should lead to better operating efficiency and improved patient experience. Also, digital healthcare areas with potential opportunities include doctor’s appointment and drug delivery. IHH Healthcare launched its telemedicine services in May 2020, and has allocated US$100mil (RM418mil) to develop its digital healthcare capabilities in the next three years. AmInvestment Bank Research also noted that in March last year, IHH Healthcare had invested in a minority stake in telehealth startup Doctor Anywhere (DA). In early September, IHH Healthcare made a follow-on investment as part of DA’s Series C fundraising.
Source:The Star
October 06, 2021 00:33 UTC
Boosting the logistics sector
KUALA LUMPUR: The logistics sector in Malaysia needs to urgently move forward against the backdrop of greater competitive landscapes as Thailand and Vietnam have recently overtaken the country in key industry rankings. “This is a cause for concern for us actually and the criteria can be addressed even without the one-stop centre. I would think that something needs to be done to improve the LPI rankings,” Jamal said. Also, Malaysian logistics players must not forget to move up the value chain as third-party logistics (3PL) is low value to the international players. He said the reason why Singapore was able to possess such high rankings is because it focused on higher value-added logistics business.
Source:The Star
October 05, 2021 23:03 UTC
Keeping young ones safe online
A never-ending cycleThough on the rise, society often takes online sexual abuse more lightly than physical sexual abuse. “Online abuse ‘lives’ forever. Both children and adults can fall victim to online abuse but the former are particularly vulnerable for several reasons. “Unlike physical abuse, one very damaging aspect of online sexual abuse is that often pictures or videos are taken or shared. Cybersafety: Keeping Children and Teenagers Safe Online (Guidebook for Teachers and Parents) is available free online at www.wccpenang.org/books.
Source:The Star
October 05, 2021 20:37 UTC
Their prospects dim, Haitian migrants strain Mexico's asylum system
"They're not really refugees, they don't even want to be refugees," Ramirez said in an interview on Monday. Asylum applications are now taking six to seven months, at least twice the time they should take, he said. Lasting one year and renewable, that visa is currently only available to migrants after they apply for asylum with COMAR. Mexico's National Migration Institute did not immediately respond when asked if it was considering issuing humanitarian visas to Haitian migrants. Asylum applications in Mexico from all nationalities reached 90,300 by September.
Source:The Star
October 05, 2021 19:30 UTC