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Baltic Exchange shipping updates: May 20

May 20, 2022 by www.theedgemarkets.com

- A + A A weekly round-up of tanker and dry bulk market (May 20, 2022) This report is produced by the Baltic Exchange. The Baltic Exchange, a wholly-owned subsidiary of Singapore Exchange, is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 650 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. For daily freight market reports and assessments, please visit www.balticexchange.com . Capesize The Capesize market began the week at the summit of the recent rally. This necessitated a breather before sentiment strengthened, helping it to push up throughout the week and marking new highs for the year. The Capesize 5TC rose +US$4,805 over the week to close at US$37,538. The Pacific region, while easily the premium region to trade currently, was in … [Read more...] about Baltic Exchange shipping updates: May 20

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How This Wine Lover Spotted a Market Gap and Turned It Into a Million-Dollar Business

May 10, 2022 by www.inc.com

Erica Davis, 37, knew early on that she wanted to be a business owner. Entrepreneurship runs in her family : Her mother owns Carolyn's Creole Kitchen, a catering business, and her real estate agent grandmother owned a laundromat and purchased several homes on one block so that her children could all live in the same neighborhood. "Being an entrepreneur was always in my career path. It was just about me getting the building blocks that I knew I needed to start a successful business. Everything I've done was strategic to get me to where I am right now," says Davis, who currently runs The Sip, an Oakland, California-based wine tasting subscription service. After graduating from the University of San Francisco with a business degree, Davis was accepted into Gap's nine-month Rotational Management Program, which gives participants interdisciplinary leadership training and hands-on lessons in inventory management, merchandising, and customer engagement. "They call it the … [Read more...] about How This Wine Lover Spotted a Market Gap and Turned It Into a Million-Dollar Business

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The Russians Lost An Entire Battalion Trying To Cross A River In Eastern Ukraine

May 11, 2022 by www.forbes.com

Share to Twitter Share to Linkedin The better part of two or more Russian army battalions—potentially 100 vehicles and more than a thousand troops—in recent days tried to cross a pontoon bridge spanning the Siverskyi Donets River, running west to east between the separatist provinces of Donetsk and Luhansk in eastern Ukraine. Ukrainian artillery caught them at the river bank—and destroyed them. The rapid destruction of around six dozen tanks and other armored vehicles, along with the bridge itself, underscores Russia’s deepening woes as its troops try, and fail, to make meaningful gains in eastern Ukraine’s Donbas region. “We still assess Russian ground force in the Donbas to be slow and uneven,” an unnamed U.S. Defense Department official told reporters on Tuesday. The Russians’ inability to cross rivers might explain their sloth. To be fair, “conducting river-crossings in a contested environment is a highly risky maneuver,” the U.K. Defense … [Read more...] about The Russians Lost An Entire Battalion Trying To Cross A River In Eastern Ukraine

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Singapore makes major heroin bust at Malaysian border

May 20, 2022 by www.theedgemarkets.com

Reuters filepix for illustration purpose only - A + A SINGAPORE (May 20): Singapore's anti-narcotics agency on Friday announced the seizure of nearly 18 kg (634 oz) of heroin in a car arriving from neighbouring Malaysia, in what local media said was the biggest haul of its kind in the city-state in two decades. Singapore has some of the world's toughest penalties for drug trafficking, including execution by hanging. The Central Narcotics Bureau (CNB) arrested three Malaysian men aged between 23 and 28 following Wednesday's search of the vehicle, which uncovered 17.7 kg of heroin, 261 grammes of crystal methamphetamine and two grammes of ecstasy pills. The driver was detained at the scene and the other two men — believed by officers to be the intended recipients — were arrested the following day. The wealthy city-state has a zero-tolerance policy for drugs and imposes long jail terms, or the death penalty. The trafficking of more than 15 grammes of pure … [Read more...] about Singapore makes major heroin bust at Malaysian border

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Khairy heads Malaysian delegation to WHA75 in Geneva, Switzerland

May 21, 2022 by www.theedgemarkets.com

Malaysia's Health Minister Khairy Jamaluddin (Bernama filepix) - A + A KUALA LUMPUR (May 20): Health Minister Khairy Jamaluddin will lead the Malaysian delegation to Geneva, Switzerland to attend the upcoming 75th World Health Assembly (WHA75), World Economic Forum (WEF) and 151st Session of the World Health Organisation (WHO) Executive Board (EB151) from May 22 to 30. The Health Ministry (MOH) in a statement on Friday (May 20) said it is very important for Malaysia to participate in WHA75 and EB151 to ensure that the WHO gives due consideration to the country's public health policy in making any decision. In addition, Malaysia is given the opportunity to state the country's stance in developing the health sector at the national and international levels. “The Malaysian delegation will also have the chance to conduct consultations and discussions with other member countries in the interest of global health. Malaysia's attendance at this event shows … [Read more...] about Khairy heads Malaysian delegation to WHA75 in Geneva, Switzerland

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Starchild: Malaysian children pay tribute to their favourite teachers

May 20, 2022 by www.thestar.com.my

Teachers play a important role in shaping young minds. Educators who are dedicated and kind are remembered by their students long after they have left school. Some teachers inspire their pupils to do their best, and not just in their studies. Teachers Day was celebrated on Monday May 16. Here are the letters from Starchild readers about their favourite teachers. Lakshmita Vigneswaran , 12, thinks highly of her favourite teacher, Rima Rohani Mohamad. “She has been teaching me Bahasa Melayu for two years. Pn Rima is understanding and motherly. I am proud to have her as my class teacher. Happy Teachers’ Day, and may God bless her always.” Lakshmita Vigneswaran, 12 Bethany Wang Qi Syuen, 7 “I have three teachers teaching me in Year One. Two of them wear a microphone so that everyone in class can hear what they are teaching. I enjoy my various lessons, especially English. I look forward to celebrating my first Teachers Day in school,” says Bethany Wang Qi Syuen , … [Read more...] about Starchild: Malaysian children pay tribute to their favourite teachers

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‘Datuk’ arrested in connection with falsified palm oil sales tax declarations

May 21, 2022 by www.theedgemarkets.com

- A + A KOTA KINABALU (May 20): A man professing to be a "Datuk" was arrested by the Malaysian Anti-Corruption Commission (MACC) Sabah on Friday for investigations into a case related to 'protecting' the falsification of crude palm oil sales tax declarations every month to the Sabah Ministry of Finance. Sabah MACC director Datuk S. Karunanithy said the arrest of the ‘Datuk’ followed the arrest of a senior government official and a retiree on May 18 for investigation in the same case under Section 17 (a) of the MACC Act 2009. “The 66-year-old suspect, who is a former civil servant, was arrested at the Sabah MACC office at about 4pm when he turned up to give his statement. “A remand application against the suspect is expected to be made at the Kota Kinabalu Magistrate's Court on Saturday,” he said in a statement here. At the same time, he reminded oil palm mill operators throughout Sabah to come forward to assist the investigation as the submission of a false … [Read more...] about ‘Datuk’ arrested in connection with falsified palm oil sales tax declarations

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Amazon (AMZN) Union Gets Split Decision in NYC

May 3, 2022 by www.investopedia.com

Attempts to unionize Amazon.com, Inc. ( AMZN ) workers at two large facilities in the Staten Island borough of New York City have produced mixed results, with workers at one voting for unionization and those at the other voting against. The latter results were announced on May 2, 2022. Meanwhile, Amazon is asking the National Labor Relations Board (NLRB) to invalidate the vote in favor of the union, alleging various electoral irregularities. The Amazon Labor Union (ALU) won by a vote of 2,654 (55%) in favor out of 4,785 ballots counted at the JFK8 warehouse. However, the union lost by a margin of 618 (62%) against out of 998 votes counted at the adjacent LDJ5 sorting facility. The former site employs more than 8,000 people, while the latter has approximately 1,633 eligible voters. Key Takeaways After winning a vote to organize workers at an Amazon.com facility in Staten Island, New York, the same union lost a vote at an adjacent facility. Amazon had worked … [Read more...] about Amazon (AMZN) Union Gets Split Decision in NYC

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Court sets Aug 30 to deliver verdict on RM100 mil suit by Altantuya’s family

May 20, 2022 by www.theedgemarkets.com

Altantuya Shaariibuu - A + A SHAH ALAM (May 20): The High Court has set Aug 30 to deliver its decision in an RM100 million suit filed by the family of Mongolian model Altantuya Shaariibuu over the woman's death in 2006. Judge Datuk Vazeer Alam Mydin Meera fixed the date after all witnesses from both sides finished testifying at the trial. On June 4, 2007, Altantuya's parents, Dr Shaariibuu and Altantsetseg Sanjaa as well as their two grandsons Mungunshagai Bayarjargal and Altanshagai Munkhtulga filed an RM100 million suit against former policemen Azilah Hadri and Sirul Azhar Umar, as well as Abdul Razak Baginda and the Malaysian government. However, Altanshagai Munkhtulga’s name was later removed from the plaintiff’s list when he passed away in 2017. In a statement of claim, the family claimed Altantuya’s death resulted in them suffering mental shock and psychological trauma, and sought compensation, as well as exemplary and aggravated damages. The court … [Read more...] about Court sets Aug 30 to deliver verdict on RM100 mil suit by Altantuya’s family

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Putin promises to bolster Russia’s IT security in face of cyber attacks

May 20, 2022 by www.theedgemarkets.com

- A + A (May 20): President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign "state structures" had increased several times over and that Russia must bolster its cyber defences by reducing the use of foreign software and hardware. The websites of many state-owned companies and news websites have suffered sporadic hacking attempts since Russia sent its armed forces into Ukraine on Feb 24, often to show information that is at odds with Moscow's official line on the conflict. "Targeted attempts are being made to disable the internet resources of Russia's critical information infrastructure," Putin said, adding that media and financial institutions had been targeted. "Serious attacks have been launched against the official sites of government agencies. Attempts to illegally penetrate the corporate networks of leading Russian companies are much more frequent as well," he said. In a meeting with the Security Council, Putin said that … [Read more...] about Putin promises to bolster Russia’s IT security in face of cyber attacks

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