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- A + A KUALA LUMPUR (Aug 10): Malaysia Competition Commission (MyCC) has proposed to impose a financial penalty of RM46.36 million on FFM Bhd — one of five feed millers recently flagged by the commission for potential price fixing — subject to findings in relation to its alleged infringement of the Competition Act 2010. FFM is a 80%-owned subsidiary of PPB Group Bhd, the flagship company of tycoon Robert Kuok Hock Nien. In a filing with Bursa Malaysia on Wednesday (Aug 10), PPB said that it is providing further information relating to a proposed decision by the commission earlier. "MyCC's allegation against FFM was in relation to the purported entering into agreements or concerted practices by certain poultry feed millers in fixing the price of poultry feed," the diversified conglomerate said. However, PPB added that there is no operational or material financial impact on the group at this juncture. The group also noted it is working with its advisers on its … [Read more...] about Tycoon Robert Kuok’s 80%-owned FFM faces RM46.36 mil fine if breached Competition Act

- A + A KUALA LUMPUR (Aug 10): Malayan Flour Mills Bhd's (MFM) partially owned Dindings Poultry Development Centre Sdn Bhd (DPDC) said that Malaysia Competition Commission (MyCC) has proposed to impose a financial penalty of RM70.02 million in the event that DPDC is found to have infringed the Competition Act 2010. In a Bursa Malaysia filing on Wednesday (Aug 10), MFM said DPDC strongly denies the allegation of any infringement of the provisions of the Act as mentioned in the proposed decision. "However, in the event of any findings to the contrary, MyCC has proposed a financial penalty equivalent to 10% based on the relevant turnover and based on MyCC's calculation for the alleged period which amounts to RM70.02 million. "DPDC denies that it is liable for the said penalty and refutes the basis of the calculation applied by MyCC," it said. MFM added that DPDC continues its business operations as usual and that currently there is neither financial nor operational … [Read more...] about Malayan Flour Mills’ partially owned company faces RM70.02 mil fine if infringed Competition Act

Samsung Electronics Galaxy Z Flip 4 series [SAMSUNG ELECTRONICS] Samsung Electronics introduced its foldable duo — the Galaxy Z Flip 4 and Z Fold 4 — in New York on Wednesday, hoping that the newest high-end line could turn around faltering smartphone sales caused by slowing demand. The new models will go on sale on Aug. 26 with the Z Flip 4’s price tag starting at 1.35 million won ($1,033) and Z Fold 4 at 1.99 million won. The price of the Z Fold series remains the same as its predecessor while the Z Flip 4 has been bumped up by 99,000 won compared to the Z Flip 3. Major improvements include more durable materials aimed at reducing creases and processing capabilities being powered by Qualcomm’s new chipset. Roh Tae-moon, head of Samsung Electronics’ smartphone business, demonstrates the company's new foldable phones during an Unpacked event in New York on Aug. 10. [SAMSUNG ELECTRONICS] The new models will be encased in a material called Armor Aluminum, which is … [Read more...] about Samsung Electronics unveils Galaxy Z Flip 4 and Z Fold 4

- A + A (Aug 10): Norway’s inflation exceeded forecasts for a fourth straight month, hitting a new 34-year high and adding pressure on Norges Bank to deliver a bigger interest rate hike this month than it has flagged earlier. Consumer prices rose 6.8% in July from a year earlier, the fastest pace since July 1988, according to data from Statistics Norway on Wednesday. Underlying inflation, the measure followed by the central bank, rose to an annual 4.5% — the highest on record. The median estimate in the analyst poll for core price growth was 3.8%, while Norges Bank had projected a pace of 3.2%. The data triggered revisions by several banks in their forecasts on Norway’s rate path, with Norges Bank now seen delivering another half-point interest rate hike from 1.25% at its interim meeting next week and possibly also at its September meeting. While Norwegian policy makers have been among the most aggressive in raising rates among the holders of major currencies, … [Read more...] about Norway inflation at 34-year high boosts rate-hike pressure

Staring at a lengthy dinner menu while eating out last night, I couldn’t bring myself to contemplate its many choices, however delightful. “I’ll just take whatever is most popular,” I said when the waiter arrived. For a foodie like me, what? Decision fatigue is what. advertisement advertisement Every day, we face thousands of decisions, both big and small—from what to wear, to what to eat, to what to say and how to say it, to whether to change jobs or careers. In total, this amounts to approximately 35,000 remotely conscious decisions a day. And while this number sounds absurd, researchers at Cornell showed that we make 226 decisions each day on food alone. When we face so many choices and make decision after decision, it depletes our mental energy and willpower . This biological price tag is called decision fatigue —or a state of cognitive overload and strain that can hamper your ability to make additional decisions. In this state, our … [Read more...] about How to make decision fatigue more bearable

Moshe Katri, Managing Director of Equity research at Wedbush Securities Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Moshe Katri, who has been covering IT services and payments for more than two decades believes that Cognizant’s relative underperformance vis-a-vis its peers warrants action from the board. He contrasted its fortunes with Indian rivals such as Infosys and Wipro , where the founders took an active role in tweaking leadership at the right time. Katri currently serves as Managing Director of Equity research at Wedbush Securities. Katri, despite his concerns, has an Outperform rating on Cognizant, as he believes it is a very valuable, underutilised asset that can be revitalised under the right circumstances. For the longest time, Cognizant was the barometer of growth for the Indian IT industry, but in the last three … [Read more...] about Cognizant board has to exercise its fiduciary duty, assess what is going on: Moshe Katri

Congress is finally moving this week on the Inflation Reduction Act , a bill that could drive a 40% reduction in carbon emissions over the next decade. But another government arm, the Nuclear Regulatory Commission, made its own (far quieter) news this month when it gave final certification to a new kind of nuclear reactor called a small modular reactor (SMR). While the announcement received basically no fanfare, proponents say it could play an important role in decarbonizing the world’s energy supply. advertisement advertisement The agency first performed a safety review of reactor company NuScale Power’s SMR design in 2020. A year later, the NRC completed its standard rulemaking process, which included a review of public comments. On August 2, the commission issued a final approval for the SMR, though NuScale says it’s unlikely to become operational until 2029. Technically, nuclear power is capable of delivering large amounts of emissions-free … [Read more...] about Small nuclear reactors finally get the nod from regulators, but they still have a lot to prove

Rakesh Jhunjhunwala Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × India's telecom sector is not a good sector to invest in as it constantly requires investment, said ace investor Rakesh Jhunjhunwala on August 8, while adding that he remains 'very bullish' on PSU banks. Speaking to CNBC-TV18 about what other sectors apart from civil aviation interest him, Jhunjhunwala said that he is very bullish on hospitals, corporate sector banks, and public sector banks. The big bull further said that he is expecting provision write-backs in PSU banks to aid profits. The pricing power of banks will also likely go up as credit demand gains pace, added Jhunjhunwala. He added: "Those who can borrow are those who can lend and PSU banks have great power of gathering deposits." Speaking on the digitization landscape, Jhunjhunwala thanked … [Read more...] about Telecom not a good sector to invest; remain bullish on PSU banks: Rakesh Jhunjhunwala

Keeping shelves stocked has been anything but a straightforward task for retail businesses over the past two years. Ongoing supply chain snags and changing customer preference due to the pandemic have forced many businesses to completely rethink the way they stock their shelves to accommodate supply shortages, shifting demand, and ongoing inflation --here are the strategies that seem to be working. Think short term When the pandemic started, Austin-based cleaning products company Branch Basics saw demand skyrocket overnight. Quickly, CEO Tim Murphy made the decision to hire an experienced demand planner, who still works for the company. "Once a month, we do supply and demand chain analysis, and make our best estimates of what we need to order, given that lead times have gone berserk," he says. With a supply chain expert on board, Murphy says that the company has been able to better predict potential issues, which could stem from small details; if trigger sprayers … [Read more...] about Lingering Inflation and Tangled Supply Chains Mean You Need to Rethink Your Inventory Strategy