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This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A DESPITE the reopening of borders since April 1, when Malaysia allowed quarantine-free travel for fully-vaccinated travellers into the country, it will be some time before the hotel industry regains a strong footing following the debilitating lockdowns of 2020 and 2021. In fact, it may well take another year at least before operators can operate at their full capacities at pre-pandemic levels, Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong tells The Edge. “Average occupancy rates are an estimated 30% to 50% of pre-pandemic levels,” says Teo, who is owner and director of One World Hotel in Petaling Jaya, Selangor. He notes that resort destinations are seeing full occupancies while city hotels still face low occupancy. As at November 2020, a total of 204 tourism and hotel operators had shut down following the impact of the … [Read more...] about The State of the Nation: Hospitality industry struggling to cope despite borders reopening, brighter prospects

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A THE momentum to adopt environmental, social and governance (ESG) criteria and sustainability practices in the capital market has picked up significantly in the past few years. By the third quarter of 2021, assets in global sustainable funds hit a record high, according to investment research firm Morningstar. At the same time, more than 70 countries — including the biggest polluters — have set a net-zero target and over 1,200 companies have put in place science-based targets to reach net-zero emissions, according to the United Nations. In Malaysia, at least 44 out of the 54 Sustainable and Responsible Investment (SRI) funds approved by Securities Commission Malaysia were launched in the last two years. As at December 2021, 94% of the top 50 listed companies in Malaysia had ESG strategies and 68% had emissions reduction policies, according to PwC’s research. … [Read more...] about HONOURING MALAYSIA’S BEST PERFORMERS IN ESG EXCELLENCE: The Edge to roll out Malaysia’s first ESG awards

Share to Twitter Share to Linkedin Youth mental illness has reached crisis levels in America. The percentage of adolescents who have experienced at least one major depressive episode increased by 60 percent from 2007 to 2019. Rates of anxiety, self-harm, and attempted suicide were skyrocketing even before the Covid-19 pandemic, and since then matters have only gotten worse . Filmmaker Ken Burns has executive produced a powerful new two-part documentary film on this subject. Hiding in Plain Sight: Youth Mental Illness will air on June 27 and 28 at 9:00 pm ET on PBS and will be available for streaming on the PBS App. The film was directed and edited by Burns’ long-time colleagues Erik Ewers and Christopher Ewers. It shares the voices of 21 diverse youth across America who are living with mental health challenges, addressing issues of stigma, discrimination, awareness, and silence. Hiding in Plain Sight is part of a larger public media mental … [Read more...] about Ken Burns And Ewers Brothers Spotlight Youth Mental Illness In New Documentary

Representative image Small Fast Moving Consumer Goods (FMCG) companies that operate at regional levels are struggling in the face of unprecedented inflation across categories. Several of these companies have witnessed a slump in sales, according to data from Kantar, the data analytics and brand consulting firm, despite the overall categories posting growth. For instance, Ponvandu and Oorvashi, noted South Indian detergent bar brands, lost 17 percent and 8 percent of their sales by volume, respectively, in February, March and April compared to the same period last year, shows data from Kantar. The overall detergent bar category, however, grew 2.3 percent in the period, according to Kantar. Other local brands are in a similar situation. (As shown below) Close Small brands ideally are expected to gain out of inflation, which typically prompts consumer to switch to smaller and cheaper versions when confronted with price hikes in products of daily use. The … [Read more...] about Small FMCG companies struggle despite consumers switching to cheaper products