Tennis-A very different Wimbledon experience ahead for home hope Raducanu
Amid a succession of injuries, together with regular changes of coach, she has failed to win more than two back-to-back matches in any tournament. As always, however, she looked for the positives as Wimbledon draws into view. "I'm definitely proud of the year I've had and I've learned a lot. She's won the U.S Open already, so everybody's after her," said former British number one John Lloyd. "The other players have learnt about her, coaches have taught them how to play against her.
Source:The Star
June 24, 2022 12:22 UTC
Malaysia’s inflation set to catch up with regional peers in 2H
Across the Causeway, Singapore’s headline inflation hit 5.6% in May, the highest since November 2011, and up from 5.4% in April. Malaysia’s inflation stood at 2.5% last year, after a deflation of 1.1% in 2020. “Electricity prices under the Imbalance Cost Pass-Through (ICPT) mechanism are subject for a revision in July, which may lead to a hike, given the elevated prices of electricity inputs, namely gas and coal,” they said in a note. “For 2023, we expect CPI to grow by 3.2% year-on-year, assuming some adjustments to fuel prices for the high-income groups,” they said. Higher demand-driven inflation owing to normalising domestic activity and labour market improvements would continue to fuel upside risks to underlying inflation, he said.
Source:The Edge Markets
June 24, 2022 12:20 UTC
Another influenza-like illness cluster detected at boarding school in Selangor
SHAH ALAM: The Selangor Health Department announced that one influenza-like-illness (ILI) cluster has been detected in the state last Tuesday (June 14) involving a boarding secondary school in the Petaling district. Of the total, five were confirmed positive for Influenza A, while 13 other samples were awaiting results. Dr Sha'ari said the school’s hostel had also been temporarily closed for sanitisation to curb the infection. On Tuesday (June 21), an influenza-like illness cluster was detected at a residential school in Gombak district. As such, Dr Sha’ari called on the public including administrators of educational institutions and care centres to always practice self-control.
Source:The Star
June 24, 2022 11:46 UTC
Company, director fined RM8,000 each for selling uncertified communications equipment
TAWAU (June 23): A company and its director were fined RM8,000 each, or in default, two months’ jail by the Sessions Court here on Thursday (June 23) for selling communications equipment that was not certified by the Malaysian Communications and Multimedia Commission (MCMC). The company and Liau were charged with selling two units of Kenwood 520D walkie-talkies which were not certified by the Communications and Multimedia (Technical Standard) Regulations 2000 at Lot 24, Block G, ground floor, Kubota Square, Jalan Kubota, at 11.30am on June 10, 2020. According to the facts of the case, a man bought two walkie-talkies for RM680 from the company, and the communications equipment was sent to SIRIM for radio frequency checks, electromagnetic compatibility (EMC), and safety tests, but all the tests failed. SIRIM also found that the communications device was not certified by the body, MCMC, or any other registered certification agency. MCMC prosecution officer Nur Nazhzilah Mohammad Hashim prosecuted the case, while lawyer Voo Vun Han represented the accused.
Source:The Edge Markets
June 24, 2022 04:49 UTC
‘Blessed to give than to receive’
“I feel blessed to give than to receive. “I provide them briyani meals with dishes like meat and vegetable, something different from food they receive daily. “When people were not allowed to leave home, we delivered food and groceries to them. “We reached out to the lower- income people living in flats and delivered food from door to door, especially to the elderly and sick. When Selangor was hit by flash floods, Vimalan also delivered cash, clothes and food in two trucks to those affected.
Source:The Star
June 23, 2022 23:43 UTC
Bursa erases early gains to end flat amid choppy trading
KUALA LUMPUR (June 23): Bursa Malaysia erased early gains to end flat following a choppy trading session amid cautious investors sentiment on concerns over inflation, a dealer said. Total turnover shrank to 2.34 billion units worth RM1.56 billion from 2.72 billion units worth RM1.9 billion on Wednesday. Sector-wise, the Financial Services Index tumbled 55.53 points to 15,920.59, the Industrial Products and Services Index shed 1.78 points to 181.28, and the Plantation Index climbed 164.65 points to 6,954.28. The Main Market volume narrowed to 1.38 billion shares worth RM1.32 billion from 1.73 billion shares worth RM1.65 billion on Wednesday. The ACE Market volume rose to 535.47 million shares worth RM137.41 million from 441.9 million shares worth RM137.99 million previously.
Source:The Edge Markets
June 23, 2022 22:08 UTC
My Say: Managing the net-zero transition
The effects of climate change will only get worse if emissions of greenhouse gases (GHGs) are not radically reduced. “Net zero” refers to the goal of eliminating or offsetting all GHG emissions, in order to limit the rise in the earth’s temperature to no more than 1.5°C. Getting to net zero will not be easy or without cost — and the world still needs to grow. What would it take to reach net zero? As for jobs, McKinsey estimates that getting to net zero could mean the loss of 187 million jobs globally by 2050.
Source:The Edge Markets
June 23, 2022 15:36 UTC
Astro remains in positive territory despite several headwinds
PETALING JAYA: Astro Malaysia Holdings Bhd is expected to maintain a positive outlook despite several headwinds. However, it was still 17.2% lower year-on-year (y-o-y) and 10.3% quarter-on-quarter (q-o-q). The group’s 1Q23 revenue also saw a decline by 9.4% y-o-y and 6.7% q-o-q. In 2022, the group will bundle in Indian streaming service Zee5 and the British Broadcasting Corp’s Player to its pay-TV and streaming offerings. Additionally, streaming players, including mainstream global streaming services, who have yet to make a presence in the Malaysian market, have approached them for tie-ups.
Source:The Star
June 23, 2022 15:29 UTC
World's largest glovemaker eyes sterilisation, nitrile facilities as it defers glove output expansion
Top Glove was responding to enquries on how much savings Top Glove will derive from the deferment of its planned glove output capacity expansion and how the company will use the money which was originally set aside for glove output capacity expansion. Top Glove however did not specify how much savings it will derive from the deferment of its planned glove output capacity expansion. According to Top Glove's output capacity expansion chart in its corporate presentation, the manufacturer's annual glove output capacity stood at 90 billion pieces in December 2020 before growing to 100 billion pieces in December 2021. The figure is expected to be maintained at 100 billion pieces by end 2022, according to Top Glove, which had earlier planned to expand its annual glove output capacity to 156 billion pieces by December 2025. Looking ahead, Top Glove's proposed glove output capacity expansion is unlikely to materialise based on current forecasts as the manufacturer aligns its capacity expansion with global glove demand and supply at a time when Covid-19 concerns have eased due to vaccination progress.
Source:The Edge Markets
June 23, 2022 13:14 UTC
Govt will not interfere in chicken demand-supply dynamics, says minister
“I don’t say this is not a concern, but still this is an open market. The government will try as much as possible to leave it to the open market and not overly interfere in that. Malaysia’s export ban on chicken is in its fourth week and Singapore is Malaysia's largest chicken importer, accounting for almost 98% of chicken supply. On June 1, the government instituted a ban on chicken exports to ensure supply for domestic consumption remains stable. However, the Agriculture and Food Industries Ministry on June 15 allowed the export of live “kampung" chicken, black chicken, all chicken-based products and day-old chicks parent stocks.
Source:The Edge Markets
June 23, 2022 12:57 UTC
18 people declared bankrupt on a daily basis
CLICK TO ENLARGEPETALING JAYA: A staggering 18 people were declared bankrupt every day in the first five months of 2022, the Insolvency Department has revealed. Its data, posted on its website, showed that between January and May, 2,694 persons were declared bankrupt, bringing the number of bankruptcies in the country to 274,628. ALSO READ: Look before you leap into debtsNearly 60% of those who were declared bankrupt from 2018 until May this year were between 25 and 44 years old. Another alarming fact is that more than 200 of those declared bankrupt since 2018 were aged 25 or younger. Commenting on the data, consumer financial expert Prof Dr Mohamad Fazli Sabri said having 18 people declared bankrupt every day was alarming even though the number might be far lower than previous years.
Source:The Star
June 23, 2022 12:32 UTC
Sites for new GOF border control posts undecided
KUCHING: The locations for seven new border control posts for the General Operations Force (GOF) in Sarawak will be finalised in the near future, says Inspector-General of Police Tan Sri Acryl Sani Abdullah Sani. He said police had also obtained the views of Sarawak Premier Tan Sri Abang Johari Tun Openg to get mutual agreement on the locations of the posts along the Sarawak-Kalimantan border. According to him, the allocation to build the new border control posts has also been approved by the government and it should be spent this year. On the strength of police personnel in Sarawak, he said a new GOF Battalion in Sri Aman will be created to strengthen control in the state. Deputy Inspector-General of Police Tan Sri Razarudin Husain said that it would be done by end of the year.
Source:The Star
June 23, 2022 11:17 UTC
Oil slumps over 6% as Biden set to cut fuel costs for drivers
(June 22): Oil prices tumbled on Wednesday on news of a plan by US President Joe Biden to cut fuel costs for drivers and amid concerns over a potential economic recession after recent Central Bank rate hikes, which also weighed on equities. Oil prices often move in tandem with stocks, which also took a hit as investors assessed how interest rate hikes designed to cool soaring inflation might stall an economic recovery as pandemic restrictions have eased. Commerzbank's commodities analyst Carsten Fritsch said, if successful, the tax cut would likely "support prices by stimulating demand for gasoline". Chevron CEO Michael Wirth said criticising the oil industry was not the way to bring down fuel prices and that the government had to change its approach. Meanwhile, US oil refining capacity fell in 2021 for the second year in a row, government data showed.
Source:The Edge Markets
June 23, 2022 04:27 UTC
EXPLAINER-Plastic sachets: As big brands cashed in, a waste crisis spiraled
"We discovered that wealth lies in rural India, and we reached out to the wider market base," he said, referencing the shampoo sachets. By the turn of the century, nearly 70% of all shampoo sold in India came in sachets, academic C.K. Now, 855 billion plastic sachets are sold every year, enough to cover the entire surface of Earth, according to London-based environmental group A Plastic Planet. Critics say companies charge the poor a premium because products sold this way are more expensive by volume than bigger packages. Often sold in countries without proper waste collection, these single-use sachets end up as litter, clogging waterways and harming wildlife.
Source:The Star
June 23, 2022 04:26 UTC
Growing pressure on Bank Negara to hike rates faster
KUALA LUMPUR (June 22): There is growing pressure on Bank Negara Malaysia to hike rates faster in the face of an aggressive US Federal Reserve, and widening consensus that global food and energy prices will continue to stay elevated for longer, with any potential supply shocks seen capable of driving prices and inflation even higher. "Rate hikes would then also need to be sharper and more abrupt in that scenario. There may also be a need to act faster now in order to have sufficient policy buffers in preparation for the next recession (when it happens). But it has also acknowledged that the negative output gap, a potential indicator of rate adjustments, was closing faster than projected, the economists said. “Should these price revisions materialise, it will further intensify the second-round effects of inflation,” the economists said.
Source:The Edge Markets
June 22, 2022 22:45 UTC