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Sundaily (Asia) 07/10/2020 05:54
PETALING JAYA: Key Alliance Group Bhd’s wholly owned subsidiary Key Alliance Sdn Bhd (KASB) has received its licence from the Medical Device Authority (MDA), which allows KASB to be a fully licensed authorised representative, distributor and importer of in vitro diagnostics medical devices in Malaysia. "With the threat of a second wave of Covid-19 infections now already affecting North America and Australia, the company is focusing some resources on establishing and mobilising an immediate distribution network to supply its Wells Bio Care Gene Covid-19 RT- PCR test kit," Key Alliance said in a statement today. To date, Malaysia has experienced 8,683 confirmed cases.
Sundaily (Asia) 07/10/2020 05:33
PETALING JAYA: Sime Darby Plantation Bhd has commenced talks with Hong Kong-based activist group Liberty Shared over a petition to the US Customs and Border Protection to block the planter’s exports into the US. “We have contacted Liberty Shared by e-mail and have had a tele-conversation with Duncan Jepson, the author of the petition, to initiate discussions and to better understand concerns raised,” Sime Darby Plantation said in a statement today. The group reiterated that it is committed to eradicate any and all instances of human rights infringements within its operations and supply chain. Liberty Shared had submitted a petition to the US Customs and Border Protection against Sime Darby Plantation, claiming that Sime Darby Plantation is
Sundaily (Asia) 07/10/2020 05:30
PETALING JAYA: Sime Darby Plantation has commenced talks with Hong Kong-based activist group Liberty Shared over a petition to the US Customs and Border Protection to block the planter’s exports into the US. “We have contacted Liberty Shared by e-mail and have had a tele-conversation with Duncan Jepson, the author of the petition, to initiate discussions and to better understand concerns raised,” Sime Darby Plantation said in a statement today. The group reiterated that it is committed to eradicate any and all instances of human rights infringements within its operations and supply chain. Liberty Shared had submitted a petition to the US Customs and Border Protection against Sime Darby Plantation, claiming that Sime Darby Plantation is usin.
Sundaily (Asia) 07/10/2020 05:00
KUALA NERUS : The Ministry of Plantation Industries and Commodities (MPIC) is targeting to produce out over 100 chocolate entrepreneurs nationwide in the next six months involving an allocation of RM3 million. Its Minister, Datuk Dr Mohd Khairuddin Aman Razali said, at present, the ministry was actively conducting a basic course on the development of handmade chocolate entrepreneurs by targeting the B40 group to improve their socio-economic status. "The first phase of the course following the COVID-19 pandemic is in Kuala Nerus, Terengganu involving 28 participants ...
Sundaily (Asia) 07/10/2020 02:33
PETALING JAYA: Sapura Energy Bhd’s joint venture with Mitsui Exploration and Production Australia Pty Ltd and OMV New Zealand Ltd via its associate company SapuraOMV Upstream Sdn Bhd discovery efforts has yielded positive results in the Toutouwai-1 exploration well in the Taranaki Basin, New Zealand. It revealed that the prospect is located 50 kilometres off the Taranaki coast in 130 metres of water. The group stated that drilling commenced in the Petroleum Exploration Permit (PEP) 60093 in early March 2020 and the target reservoir was successfully reached in April 2020. It said the preliminary results are encouraging with several hydrocarbon charged layers encountered in the Cretaceous sandstones. “The positive discovery of Toutouwai opens.
Sundaily (Asia) 07/10/2020 02:27
PETALING JAYA: Mesiniaga Bhd today accepted a RM10.60 million contract award issued by the Ministry of Home Affairs for the comprehensive maintenance services of hardware and software of branches systems at the National Registration Department. The contract will commence on July 1, 2020 and is expected to complete by June 30, 2023. "The proposed transaction will have positive effect on the company’s net assets for the financial year ending Dec 31, 2020.
Sundaily (Asia) 07/10/2020 01:28
KUALA LUMPUR: Malaysia's national Poverty Line Income (PLI) has been revised to RM2,208, according to the calculations based on the 2019 methodology, says the Department of Statistics Malaysia (DoSM). Previously, the PLI was calculated according to the 2005 methodology, with poverty benchmarked at RM980, based on the basic requirements for a household to live healthily and actively. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the revision of the PLI was in accordance with current needs that emphasises on optimal food intake and quality non-food basic requirements.
Sundaily (Asia) 07/10/2020 01:07
PETALING JAYA: Telenor Group’s Malaysian financial technology subsidiary Valyou Sdn Bhd has partnered up with eSewa Money Transfer to offer the first Malaysia to Nepal wallet-to-wallet money remittance service. Valyou CEO Prasanna Rao said it is on a mission to empower migrant workers by promoting greater financial inclusion through convenient and simple digital remittance services. “We are now able to expand our digital financial services to serve the underbanked and unbanked Nepalese residing here,” he said in a statement today. Prasanna pointed out that Malaysia is home to nearly 300,000 Nepalese migrants working in the manufacturing and security services sector. Aside from the remittance service, it also offers instant bank deposit and
Sundaily (Asia) 07/10/2020 00:08
PETALING JAYA: Supercomnet Technologies Bhd’s (Scomnet) latest cathether for cardiovascular use “D*Clot HD rotational thrombectomy catheter” has received approval from the US Food & Drug Administration. With the greenlight, the group can now start manufacturing the catheter for its client, a medical device distributor based in Denmark, which supplies medical devices to hospitals and other end-users in Europe, Asia and the US. It stated that the development is in line with Scomnet’s push to expand into new markets and acquire new clients as we diversify our corporate footprint globally. “At the same time, we also strive to solidify our position in our current markets, making us one of the leading OEM automotive cable and medical device playe.
Sundaily (Asia) 07/10/2020 00:04
KUALA LUMPUR: The Dewan Rakyat which will convene next Monday is likely to discuss Malaysia’s economic recovery and the charting of the country’s future as it slowly emerges from the COVID-19 associated setback. The second meeting of the third session of the 14th Parliament will also see 222 lawmakers discuss a host of issues associated with getting the country firmly back on its feet again after the pandemic hibernation. The 25-days of sitting, up to Aug 27, have been set aside for debate on the motion of thanks to the Yang di-Pertuan Agong for the royal address as well as other government matters and bills. The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah had opened the third session of the first meeting on.
Sundaily (Asia) 07/09/2020 23:04
NEW YORK: Asian shares were set to open mostly lower on Friday as record-breaking new coronavirus cases and deaths in several U.S. states stoked concerns that new lockdowns could derail the economic recovery, and investors looked forward to earnings season. Australian S&P/ASX 200 futures were down 0.41%, Japan's Nikkei 225 futures edged up 0.02%, and Hong Kong's Hang Seng index futures lost 0.87%. E-mini futures for the S&P 500 added 0.12%. More than 60,000 new COVID-19 infections were reported across the United States on Wednesday, the greatest single-day tally of cases by any country since the virus emerged late last year in China.
Sundaily (Asia) 07/09/2020 22:46
TOKYO: Japanese wholesale prices fell in June at a slower pace after sinking at the fastest rate in four years in May, as a rebound in Chinese demand lifted commodity costs and eased some of the deflationary pressure caused by the coronavirus pandemic. But wholesale prices fell for an increasing number of goods dependent on domestic demand, such as construction materials and food products, suggesting the damage to Japan's economy from the health crisis is broadening. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, fell 1.6% in June from a year earlier, Bank of Japan data showed on Friday. The drop was smaller than a median market forecast for a 1.9% fall and less tha.
Sundaily (Asia) 07/09/2020 22:38
MEXICO CITY: Mexico's government on Thursday ruled out a financial rescue of the country's airlines, which have been hammered by a sharp drop in global demand for travel and restrictions imposed due to the coronavirus pandemic. Aeroméxico announced in late June the start of a restructuring process under Chapter 11 bankruptcy proceedings in the United States, while rival Interjet has also been struggling under the burden of coronavirus-imposed restrictions. Javier Jimenez, Mexico's Minister for Communications and Transportation, told reporters the government was in contact with the industry and exploring options to help them but said there would be no offers of a financial rescue. "There will be no rescue, but there will be support," said Ji.
Sundaily (Asia) 07/09/2020 12:05
WASHINGTON: New applications for US jobless benefits fell last week, but a record 32.9 million Americans were collecting unemployment cheques in the third week of June, suggesting the labor market was struggling to claw out of the Covid-19 pandemic slump. Economists cautioned against reading too much into the drop in weekly jobless claims reported by the Labor Department, noting that the period included the July 4 Independence Day.
Sundaily (Asia) 07/09/2020 11:56
LONDON: Britain's high street faces more than 5,000 job cuts after two of its biggest names said that customers were unlikely to return to their old shopping habits after the coronavirus crisis, in the latest blow to the country's ailing economy. Health and beauty chain Boots and department store John Lewis today joined other retailers in warning that they had to close stores to survive after customers moved online and remained wary of returning to town centres. Boots, owned by Walgreens Boots Alliance, announced 4,000 cuts in a blow to British finance minister Rishi Sunak, who announced his latest plan to save jobs on Wednesday, while John Lewis said it could lose 1,300. Thousands of job losses have already been announced by the menswear s.
Sundaily (Asia) 07/09/2020 11:10
PETALING JAYA: Malaysia’s unemployment rate is projected to rise further to 5.5%-6.5% (up to 1 million persons) in Q2-Q3 due to the repercussions of the Covid-19 pandemic before stabilising towards year-end, according to the Socio-Economic Research Centre (SERC). SERC’s executive director, Lee Heng Guie ( pix ), said the unemployment rate spiked to 5% (778,800 persons) in April, the highest since 1990.
Sundaily (Asia) 07/09/2020 10:59
KUALA LUMPUR : Sunway Bhd, Celcom Axiata Bhd and Huawei Technologies (Malaysia) Sdn Bhd have joined hands to advance smart township solutions, encompassing Internet of Things (IoT) and Artificial Intelligence (AI) with fifth-generation (5G) connectivity. The proposed collaboration will see the development of smart solutions in the areas of public safety and security, telehealth, e-learning, hospitality, leisure and retail experience using the latest telecommunications technology. Sunway group president Datuk Chew Chee Kin said the group envisage Sunway City Kuala Lumpur to be Malaysia’s model smart sustainable city where a host of communities live, work, play, learn in a safe, healthy and connected environment. “We will start with Sunway Ci.
Sundaily (Asia) 07/09/2020 10:55
KUALA LUMPUR : Yinson Holdings Bhd’s indirect wholly-owned subsidiary, Yinson Acacia Ltd (YAL) is disposing of a minority equity interest in Yinson Boronia Consortium Pte Ltd (YBC) to Japan’s Kawasaki Kisen Kaisha, Ltd (K Line) for US$49 million (RM208.74 million) in cash. In a filing to Bursa Malaysia today, Yinson said YAL has executed a share sale and purchase agreement (SSPA) with K Line for the proposed disposal. It said the number of sale shares will be determined prior to the completion date, taking into consideration the financing arrangement of Project Marlim and based on valuation principles set out in the SSPA. “For illustration purposes only, and based upon assumptions of the final financing arrangement, the indicative number of.
Sundaily (Asia) 07/09/2020 10:54
PETALING JAYA: Manufacturing sales for May 2020 recorded a narrower negative growth of 19.8% to RM90.2 billion on a year-on-year basis, due to the decrease in non-metallic mineral products, basic metal & fabricated metal products (-46.8%), transport equipment & other manufactured products (-29.9%) and electrical & electronics products (-19.9%). On a month-on-month basis, however, sales rebounded 19.1%. Chief statistician Datuk Seri Mohd Uzir Mahidin said the total employees engaged in the manufacturing sector in May 2020 was 2.18 million persons, a decrease of 2.8% as compared to 2.24 million persons in May 2019. Salaries & wages paid amounted to RM6.97 billion, a decrease of 3.9% in May 2020 as against the same month of the preceding year.

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