PM concerned over bankruptcy among youths, to hold talks with BNM governor
KUALA LUMPUR (June 26): Prime Minister Datuk Seri Ismail Sabri Yaakob on Sunday expressed concern over the increasing number of bankrupts among youths. In view of the situation, Ismail Sabri said he will hold discussions with Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus on measures to curb the problem. "I am concerned when looking at the latest statistics on bankruptcy among youths and I am also concerned that the numbers will rise further. Ismail Sabri said the closure of several economic sectors increased the country's unemployment rate to 5.3% in May 2020, the highest monthly (unemployment) rate ever recorded. This year alone, Ismail Sabri said, the government is targeting up to 600,000 job opportunities, with an allocation of RM4.8 billion, through the Malaysian Family Job Guarantee initiative.
Source:The Edge Markets
June 26, 2022 15:41 UTC
Crypto exchanges hunker down as everything goes wrong in India
MUMBAI (June 26): India's largest digital asset exchanges are bracing for a drawn-out crypto winter — one with some unwelcome local twists. It's literally crypto winter here," he said, using industry jargon for an extended bear market. Adding to the pain, crypto exchanges have been largely cut off from the regular banking system since mid-April. It is a remarkable turnaround from last year, when India was one of the world's hottest crypto markets. Crypto exchanges took out full-page ads in newspapers and signed up Bollywood stars to promote their offerings to one of the world's youngest populations.
Source:The Edge Markets
June 26, 2022 15:07 UTC
Helping seniors stay healthy
“By doing so, they become more skilled and open themselves up to opportunities such as the ability to train other occupational therapists. “Alternatively, these talents can join academia to become master trainers to further develop and enhance our existing occupational therapy curriculum. However, for the profession to flourish, there must be more medical schools and universities that provide occupational therapy programmes, she pointed out. Currently, there are less than five universities that offer occupational therapy degree programmes, she noted. “That’s why it is crucial to ensure there are career opportunities before we encourage school-leavers to study occupational therapy.
Source:The Star
June 26, 2022 14:16 UTC
Cabinet pay cut will not solve rising cost of living issue, says Mahdzir
KUALA NERANG: A proposal for ministers to take a pay and allowance cut is not the solution that will help the people deal with the rising cost of living now, said Rural Development Minister Datuk Seri Mahdzir Khalid (pic). Instead, he said the situation should be addressed with more effective methods including those announced by Prime Minister Datuk Seri Ismail Sabri Yaakob regarding electricity tariffs and chicken prices. He also said maintaining the price of RON95 petrol at RM2.05 per litre is also one of the measures to help the people cope with the rising cost of living. He encouraged those with ideas that can help the people deal with the issue to forward them to the government and the Prime Minister. If she has an idea, she should meet the Prime Minister and tell him her ideas," he added.
Source:The Star
June 26, 2022 13:12 UTC
KK may change bylaws to resolve stray dogs issue
She said that a meeting between DBKK, dog lovers and non-governmental organisations on June 14 had discussed these matters. It was previously reported that DBKK and stakeholders at the meeting had agreed on several proposals to better deal with the issue of stray dogs around the city. On putting captured stray dogs to sleep, Noorliza said they had yet to implement such measures on any canine they caught, although the law provides for such a so- lution to control the stray dog population. “I have told my staff to put up adoption advertisements and we will only put them to sleep if no one comes to claim the dogs. “So far, we have not put any (dogs) to sleep but if concerned citizens say they don’t want this, then come to us and adopt the dogs,” Noorliza said.
Source:The Star
June 26, 2022 11:43 UTC
Scholarships are up for grabs
The Star Education Fair KL is back, with rebates, discounts and moreBUKIT JALIL: The Star Education Fair 2022 is back with a bang, with scholarships in tow for prospective students. An educated path: Parents and students made a beeline for the Star Education Fair 2022 at Pavillion Bukit Jalil. We also offer sports scholarships for students who have excelled in and represented the country or state in sports. City University deputy vice-chancellor Dr Katherine Poh said full and merit-based scholarships were available at the varsity. Students seeking a wider range of scholarships can stop by the Star Education Fund booth.
Source:The Star
June 26, 2022 04:30 UTC
Valuing in-person interactions at job fair
Khairul Adlan, 49, arrived at around 10am and was first in line in a queue of visitors to the job fair. “I have been unemployed for about seven months now, so when I found out about myStar Job Fair from social media, I decided to register online and join. TalentCorp group chief executive officer Thomas Mathew said it was refreshing to be able to have a physical job fair once again. Also held concurrently with myStarJob Fair 2022 is the Star Education Fair 2022, which is located in the next hall. To learn more about myStarJob Fair 2022, visit www.facebook.com/myStarjob and bit.ly/mystarjobfairFor enquiries, call 03-79671388 (ext1039), WhatsApp 017 231 1789 or contact events@thestar.com.my
Source:The Star
June 26, 2022 03:19 UTC
Iconic brand opens for business in KL
TRANSVIEW Golf Malaysia through its parent company Leonian Singapore, opened their first Hurley store in Malaysia, located at Ansa Hotel Kuala Lumpur, and are aiming to make a mark on the local scene. The Hurley store is one of a few projects in the company’s expansion programme, said Transview Golf business manager Kevin Yeap, who added that they were excited about growing their portfolio to include other sports and lifestyle brands. “This outlet at Ansa KL is the first Hurley store in Kuala Lumpur and part of plans that include a few more that we envisage opening in the Klang Valley over the next two years,” said Yeap. “It’s been making waves and getting loud with the world’s best surfers, skaters, musicians and artists,” said Yeap. “When we started to venture into lifestyle brands, we wanted something away from golf and to build a name in other sport/lifestyle segments in the market.
Source:The Star
June 25, 2022 16:08 UTC
Seeking refuge in dividend stocks, aye or nay?
IN times of a market meltdown where capital appreciation is highly uncertain, dividend stocks provide refuge to investors wanting to minimise risk. The question is, should investors start buying more dividend stocks? “During which, dividend stocks with defensive earnings will offer less risk to investors. According to data compiled by EquitiesTracker (see table), glove makers Hartalega Holdings Bhd and Kossan Rubber Industries Bhd topped the list of dividend stocks, based on the trailing 12-month dividend yield. Looking ahead, investors eyeing good dividend stocks should consider companies with improving and stable earnings prospects, especially those companies with recurring income.
Source:The Star
June 25, 2022 15:17 UTC
Two M'sian teens finally arrive home after being duped into foreign job scam
KUALA LUMPUR: Three months after being duped by a human trafficking syndicate in Myanmar, two teenage boys have finally safely returned to Malaysia. The boys, aged 14 and 15 years old, from Bera, Pahang, arrived in Malaysia on Friday (June 24) after various matters including documents were settled. The boy said he only realised that he was duped by the syndicate when he was forced to work as a love scammer. "There were many people at the compound including other Malaysians. "I also saw people being punished should they fail to do their job, including being tasered.
Source:The Star
June 25, 2022 12:16 UTC
Korean arrivals helping Sabah's tourism recovery
KOTA KINABALU: The arrival of more guests from Korea has given Sabah’s tourism sector a much-needed shot in the arm following a slump due to the Covid-19 pandemic. Sabah Assistant Tourism, Culture and Environment Minister Datuk Joniston Bangkuai was on hand to greet the passengers, all of whom were Korean tourists. "With the arrival of Korean airlines in Sabah, we are seeing a slight improvement in Korean arrivals. Another Korean Low-Cost Airline, Jeju Air, is expected to restart direct flights to Sabah on June 29. Bangkuai and Noredah were in Seoul in early May to meet with top officials of Jin Air, Air Busan, Jeju Air and several other Korean airlines as well as two top Korean travel companies Mode Tour and Hana Tour.
Source:The Star
June 25, 2022 12:06 UTC
CPO futures market expected to see technical correction next week
KUALA LUMPUR (June 25): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to experience a technical correction next week with high supply in the market weighing on prices. “Export data for June 1-20 is not that encouraging and we are heading into [a possible] recession where people would only buy what they need. Teh said despite the recent selldown of CPO, planters were still making profits given the cost of production which ranged between RM1,600 and RM1,800 per tonne. Total volume rose to 438,658 lots from 397,816 lots in the previous week, while open interest narrowed to 215,808 contracts from 298,491 contracts previously. The physical CPO price for July South finished the week at RM4,900 a tonne, compared with June South’s RM6,550 a tonne on the previous Friday.
Source:The Edge Markets
June 25, 2022 09:39 UTC
My Say: Emerging risks from AI and blockchain systems
AI and blockchain systems add a level of risk to the framework of financial risk management that can be categorised as new technological risks that organisations need to be aware of, and updated in the cybersecurity risk framework. It is imperative that financial risk management spans the entire life cycle, from conception to disposal. Oracle risksWithout oracles, a blockchain is entirely self-contained, and it is unaware of any events occurring outside of the local blockchain. Protocol governance risksA smart contract controls an application and is autonomous, so the only risk is related to its programming. In doing so, a new risk is introduced — governance risk — which is unique to the DeFi landscape.
Source:The Edge Markets
June 25, 2022 04:22 UTC
Bursa ends on higher note
The key index, which opened 0.25 of a point higher at 1,431.30, fluctuated between 1,431.30 and 1,440.73 throughout the day. Total turnover expanded to 2.46 billion units worth RM1.47 million from 2.34 billion units worth RM1.56 billion on Thursday. Sector-wise, the Financial Services Index advanced 43.86 points to 15,964.45 and the Industrial Products and Services Index firmed 2.09 points to 183.37, while the Plantation Index tumbled 36.55 points to 6,917.73. The Main Market volume widened to 1.56 billion shares worth RM12.48 billion from 1.38 billion shares worth RM1.32 billion on Thursday. The ACE Market volume dropped to 399.79 million shares worth RM112.33 million from 535.47 million shares worth RM137.41 million previously.
Source:The Edge Markets
June 24, 2022 22:11 UTC
SEDC, Petronas and investors sign land heads of agreement
KUALA LUMPUR (June 24): Sarawak Economic Development Corp (SEDC) has signed a land heads of agreement (HOA) with Petroliam Nasional Bhd (Petronas), Sarawak Shell Bhd and PTTEP HK Offshore Ltd for a long-term lease of land within the Petchem Industrial Park in Tanjung Kidurong, Bintulu on Thursday (June 23). In a statement on Friday (June 24), Petronas said the designated land is to build an onshore plan complex which forms part of the Sarawak Integrated Sour Gas Evacuation System (SISGES) project. “The SISGES project is expected to be the catalyst for more development of untapped sour gas resources off the coast of Sarawak and the developing plan is currently in its final review process,” it stated. Petronas signified that collaborations with agencies under the Sarawak state government, such as with the SEDC, as a major milestone in creating, as well as maintaining a stable, conducive business and investment environment for the sustainable growth of the oil and gas industry in the state. SEDC created the Petchem Industrial Park in 2020 to encourage active participation from domestic and international investors to intensify Sarawak’s downstream oil and gas activities, which are in line with the Sarawak state government’s aspiration toward becoming a developed state by 2030.
Source:The Edge Markets
June 24, 2022 16:55 UTC