- A + A KUALA LUMPUR (May 24): Malakoff Corp Bhd’s net profit for the first quarter ended March 31, 2022 (1QFY22) fell by 15.82% year-on-year (y-o-y) to RM50.88 million, from RM60.44 million. The lower net profit was due to lower contribution from Tanjung Bin Energy Sdn Bhd (TBE), resulting from the plant outage caused by low-pressure turbine blade failure, coupled with higher depreciation charges, according to the company’s filing with the bourse on Tuesday (May 24). As a result, earnings per share decreased to 1.04 sen, from 1.24 sen previously. In contrast, its quarterly revenue grew 39.42% to RM1.88 billion, from RM1.35 billion. The increase in revenue was primarily due to higher energy payments recorded from Tanjung Bin Power Sdn Bhd and TBE, given the higher Applicable Coal Price during the period under review. In a separate statement, Malakoff said its overseas investments achieved a share of profit totalling RM47.4 million, an increase of 70.5% from … [Read more...] about Malakoff’s 1Q net profit down 16% y-o-y, despite higher revenue
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Share to Twitter Share to Linkedin If ever there was an industry that needs to be resilient, it’s retail. And more than ever, after two years that have been full of challenges - from Brexit to the pandemic, the UK’s cost of living crisis to the devastating war in Ukraine. Small businesses must carve time to focus on strategy and planning and a good sales strategy really helps to build up resilience within a business. Don't put your eggs in one basket A well thought out sales strategy allows you to be diverse with planning. Small businesses can often make the mistake of focusing on one tactic when they need to look at lots of different ways to grow their business. A common trap is to dedicate precious time on the latest social media trend for example – which may take lots of time and effort yet yield poor results. Yes, social media is an excellent way to spread awareness of your business, but it is just one tool in your toolkit. There are … [Read more...] about How Do You Create A Resilient Small Business Sales Strategy?
Share to Twitter Share to Linkedin In the 82 days since Russia widened its war on Ukraine, the Russian military has lost a third of its forces, according to the U.K. Defense Ministry. That’s tens of thousands of dead soldiers, sailors and airmen plus thousands of wrecked armored vehicles, a dozen sunk or damaged ships and boats and more than a hundred shot-down aircraft. The heavy losses are contributing to a spiral of declining combat effectiveness. As Russia writes off more and more of its best weaponry and buries more of its best-trained troops, it increasingly counts on old weapons and under-trained troops to sustain its war effort. But obsolescent weapons and second-tier troops get blown up and killed even faster than do the modern and first-line weapons and troops they replaced. It’s not for no reason that, with each passing week, the Kremlin ratchets down its war aims. In late February, the Russians simultaneously attacked along four … [Read more...] about Russia Lost A Third Of Its Forces In Ukraine. Now It’s Losing The War.
Share to Twitter Share to Linkedin Jason Lee , the media maverick behind Hollywood Unlocked, has had an unique career path. Lee, an LGBTQA+ media personality, author, entrepreneur, and CEO of Hollywood Unlocked (HU) — a leading urban entertainment company — is well-known for his controversial opinions on the entertainment industry. In order to turn over a fresh leaf, Lee has decided to reinvent himself and redefine what he genuinely represents. Lee first appeared on the media landscape in the early 2010s, after leveraging contacts with celebrities and social media influencers to launch the successful online media company Hollywood Unlocked, which spawned the television and radio show Hollywood Unlocked with Jason Lee in 2015. The 44-year-old from Stockton, California, was always spilling tea, although in a different role, before starting his media company. Lee worked for SEIU United Healthcare Workers in California, where he was one of the few black … [Read more...] about Hollywood’s Cultural Critic Jason Lee Dispels Cancel Culture
Share to Twitter Share to Linkedin Objectives and Key Results, otherwise known as OKRs was a management concept developed by Andy Grove, the Co-founder, and CEO of Intel. As one of the preeminent business thinkers of the 20th century, his idea was to demonstrate to operators how to recalibrate their organizations and develop a model that can promote continual growth. The OKR model provides a framework that defines what we are seeking to achieve while the key results provide organizations the how by emphasizing the primary goals with specific measurable actions. In this evolving business environment where concepts such as mental health are becoming more prominent in daily work culture, it should become more evident that leadership across the corporate enterprise embraces OKRs as a fundamental tool to help them navigate this uncharted territory. So, let us begin with some key questions that will help to uncover these areas to better articulate mental health … [Read more...] about Mindset Matters: The OKRs Of Mental Health And What Corporate Leaders Need To Know
Share to Twitter Share to Linkedin 2022 continues to prompt action for more diversity, equity, and inclusion agendas. However, many of us may feel overly anxious to do something, and something quickly. That burning desire could equate to a tactical goal of creating more diversity in areas under our remit due to the persistent focus on the importance and benefits of diversification . And, frankly, if your space lacks diversity, it is perceived as lagging, which may prompt hasty tactical actions to make progress on the inclusive leadership journey. This article provides tips on moving forward while acknowledging the importance of pausing for proactive reflection and adopting more effective strategies for more significant impact. When bringing people together to focus on diversification goals, the team leadership, members, and approach are critical to overall success. Below I outline some tips to set us up for success. ADVERTISEMENT Ensure The … [Read more...] about Looking The Part: Why Inclusive Teaming Is A Must When Working To Diversify The Enterprise
Share to Twitter Share to Linkedin It is important to first acknowledge the words of scholar and activist Angela Davis. In her book Freedom is a Constant Struggle , Davis wrote “the call for public conversations on race and racism is also a call to develop a vocabulary that permits us to have insightful conversations. If we attempt to use historically obsolete vocabularies, our consciousness of racism will remain shallow.” For the sake of this article, the term white supremacy will be used throughout the piece because it is the term with the greatest amount of familiarity. It should, however, be noted that some have urged us to move away from the term white supremacy because it implies that the group of people that are racialized as white are “superior” to other racialized groups. Some alternatives to the term white supremacy that have been suggested include the terms white perversion and white insecurity . In the future, the term white supremacy will … [Read more...] about 4 Ways White Supremacy Harms Humanity
(CNN) In mid-February, privacy and digital rights activists were buzzing about a recent victory: Earlier in the month, the Internal Revenue Service said it would back away from a controversial plan to force taxpayers to use facial-recognition software before they could log in to its website. "This has definitely been a major team effort — the hook, right, left uppercut," Joy Buolamwini, the founder and executive director of the Algorithmic Justice League, said excitedly during a Twitter Spaces session. "So many people coming together for this win." In addition to the Algorithmic Justice League, which raises awareness of the consequences of artificial intelligence, these people came from groups such as Fight for the Future, the Electronic Privacy Information Center and the American Civil Liberties Union. All have been vociferous critics of the IRS in recent months, contacting reporters and urging individuals, legislators, and the IRS itself to halt a plan that, starting this … [Read more...] about Activists pushed the IRS to drop facial recognition. They won, but they’re not done yet
Share to Twitter Share to Linkedin Last week, a U.K. court awarded damages amounting to £50,000 to the parents of a 20-year-old student who tragically took her own life after her university was adjudged to have discriminated against her disability by failing to make reasonable accommodations to the way it undertook academic assessments. Chronically shy and suffering from debilitating anxiety, Natasha Abrahart, a physics student at the University of Bristol, was found dead in her flat in April 2018. The next day, the young woman who was petrified of public speaking and so shy that, on rare nights out, she would often rely on friends to order food and drinks for her, had been due to participate in a group presentation to staff and students in a 329-seat lecture hall. In his ruling, Judge Alex Ralton criticized the university for failing to provide Natasha with an alternative means of relaying the results of her experiments stating that it was “obvious … [Read more...] about Why Social Anxiety Remains A Deadly Silent Killer For Vulnerable Young People
Share to Twitter Share to Linkedin When Chelsea Manning began transgender hormone therapy while incarcerated in a military prison, Paper Magazine sought an interview and a portrait. The interview was granted, but photography was forbidden by the Pentagon. As an alternative, Manning provided some cheek swabs and hair clippings, from which the artist Heather Dewey-Hagborg made an image using forensic DNA phenotyping. Dewey-Hagborg was keenly aware of the limitations: Used by police to predict the appearance of suspects based on genetics, the technique was extremely popular but notoriously unreliable, carrying the risk of false incrimination. To subvert this punitive function, Dewey-Hagborg enlisted DNA phenotyping as a means of liberation, providing Manning with a way to be seen even while hidden behind prison walls. The subversion of forensic and bureaucratic stereotyping was augmented by giving Manning’s visage two different forms: one gender-neutral and the … [Read more...] about Creating Portraits Using DNA Forensics, An Artist Turns Police Into The Suspects