Bars reopen

I love beer. Stouts? IPAs? Pilsners? Yes, please. I'm in the business of selling fun and am pleased to report our fun-loving customers love beer too—to the tune of about 750,000 cups worth in 2011.  How could we sell fun to these beer lovers without having a few ourselves, right?  That's why I put a bar in the middle of our office. Yes, it's a real bar, with beer on tap for anyone to drink anytime for free. Beer has been naturally integrated into our company culture.  A successful event?  Let's cheers with a cold one.  A company outing?  It starts at beer:30, our office bar. A late night at the office?  Let's have our meeting at the bar. When you hire responsible adults (see 4 Ways to Recruit and Hire the World’s Best Employees ), it's never abused.  It's always there for the taking, but also always treated respectfully—even our Juggler of Justice (see Let Your Employees Choose Their Titles ) is okay with it. There are plenty of reasons we love having a bar … [Read more...] about Why We Have a Bar in Our Office

- A + A (May 26): Japan is set to allow in some package-tour tourists from overseas starting June 10, Prime Minister Fumio Kishida said Thursday, ending a ban that was introduced about two years ago as part of the country’s virus control programme. “Active exchanges between people are the foundation of the economy and society,” Kishida said in a speech at the Future of Asia conference in Tokyo. “From the 10th of next month we will restart the admission of tourists on guided package tours.” He added that preparations would begin to allow international flights to land at New Chitose airport in Hokkaido and Naha airport in Okinawa starting in June. Tourist numbers are likely to remain limited at first. Japan has already announced it will double its cap on arrivals from overseas to 20,000 a day starting next month, though this remains far below the levels seen before the pandemic. Kishida pledged in a London speech to make it as easy to enter Japan as other Group of … [Read more...] about Japan to start reopening to foreign tourists from June 10

- A + A KUALA LUMPUR (May 26): Optimax Holdings Berhad announced that it would transfer its listing to the Main Market of Bursa Securities from the ACE Market. In a press statement, the company stated that it has met the requirements for the transfer of its listing as set out in the Equity Guidelines issued by the Securities Commission Malaysia and the Main Market Listing Requirements (MMLR) of Bursa Securities. It also stated that it has met the profit requirement with an aggregate after-tax profit of at least RM20 million for the past three to five full financial years and an after-tax profit for the most recent financial year of at least RM6 million. It also stated that the company is in a solid financial position and has liquidity with no accumulated losses, current assets and current liabilities of RM33.52 million and RM13.97 million respectively, representing a current ratio of 2.4 times as well as cash and bank balances of RM19.61 million as at Dec 31, 2021. … [Read more...] about Optimax transfers its listing to Main Market

- A + A KUALA LUMPUR (May 26): CCK Consolidated Holdings Bhd’s net profit in the first quarter ended March 31 (1QFY22) leapt by 83.68% to RM11.13 million from RM6.06 million in the same period last year, fuelled by turnaround in the poultry segment and a strong performance from the retail segment. Earnings per share rose to 1.78 sen from 0.97 sen, its Bursa Malaysia filing showed on Thursday (May 26). Quarterly revenue increased by 20.63% to RM197.43 million against RM163.67 million, due to a recovery in consumer demand leading to a stronger performance in the poultry and retail segments. On a quarterly basis, the group’s net profit surged by 55.25% from RM7.17 million registered in the immediate preceding quarter (4QFY21), while revenue came in higher by 5.20% from RM187.67 million in 4QFY21. Commenting on the group’s financial performance, CCK Group Managing Director Tiong Chiong Hiiung said robust consumer demand led to strong recovery in demand for poultry … [Read more...] about CCK 1Q net profit leaps 83.68% to RM11.13 mil on turnaround in poultry segment

- A + A KUALA LUMPUR (May 26): Industrial property developer AME Elite Consortium Bhd saw its net profit fall 9% to RM48.56 million for the financial year ended March 31, 2022 (FY22) from RM53.48 million in the previous year, on lower revenue. This resulted in lower earnings per share of 7.58 sen for FY22 compared with 8.35 sen for FY21. Revenue also came in lower at RM398.39 million in FY22, down 14% from RM460.61 million in FY21, due to lower revenue across most of its business segments of construction, property development and engineering. Nevertheless, the group declared an interim dividend of 2.5 sen per share for FY22, payable on July 7. It blamed the decrease in the property development revenue to lower stages of work completed and timing of income recognition, while the lower engineering services revenue was mainly due to most of the existing engineering projects being near completion, where the revenue recognition was lesser. For the fourth financial … [Read more...] about AME Elite ends FY22 on lower note, declares 2.5 sen dividend

- A + A KUALA LUMPUR (May 26): Thong Guan Industries Bhd’s net profit for the first quarter ended March 31, 2022 (1QFY22) rose 13% year-on-year (y-o-y) to RM24.6 million from RM21.77 million, on higher average selling prices of its products. This resulted in higher earnings per share of 6.39 sen from 5.71 sen a year ago, the manufacturer of stretch film said in a filing on Thursday (May 26). Revenue rose 18.03% y-o-y to RM333 million from RM282.14 million, contributed by its plastic packaging products segment, as well as food, beverages and other Thong Guan also declared a first interim dividend per share (DPS) of 1.25 sen, payable on July 18. This is higher that the DPS of 1 sen in 1QFY21. According to the group, its plastic packaging products segment registered a higher revenue of RM308.07 million as compared to RM259.32 million recorded in the Revenue from sales within its food, beverages and other consumable products segment increased to RM24.93 million … [Read more...] about Thong Guan declares higher DPS of 1.25 sen as 1Q profit rises 13% despite shortage of manpower

- A + A PETALING JAYA (May 26): Capital A Bhd reported a net loss of RM1.077 billion in the quarter ended March 31, 2022, which was a 10.35% larger loss compared with the corresponding quarter, despite its group-wide revenue more than doubling on a year-on-year basis. The larger losses were attributed to higher operation costs on fuel and maintenance, as well as a share of loss of RM143.1 million from an associate, following the completion of the restructuring and recapitalisation plan of the associate, the group stated in its financial result announcement on Thursday (May 26). Consolidated revenue of the group during 1Q2022 was RM812 million, which was 153% higher y-o-y, as aviation revenue grew 226% y-o-y to RM601 million off the back of the improved demand during the festive season together with the further easing of travel restrictions during the quarter. Capital A saw improvements in all of its businesses during the quarter under review on a y-o-y basis. Its … [Read more...] about Capital A’s net losses widen in 1QFY22 despite higher revenue

Apple Inc is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry. The company is asking suppliers to assemble roughly 220 million iPhones, about the same as last year, according to people familiar with its projections, who asked not to be named as they’re not public. Market forecasts have hovered closer to 240 million units, driven by an expected major update to the iPhone in the fall. But the mobile industry has gotten off to a difficult start to the year and production estimates are down across the board. The worst inflation in decades, a war in Ukraine and supply-chain turmoil all threaten to weigh on sales in 2022. Strategy Analytics has predicted that overall smartphone shipments will contract as much as 2% in 2022, and TrendForce has twice downgraded its full-year production forecast in recent weeks. IDC and Bloomberg Intelligence analysts both forecast about 240 million iPhones … [Read more...] about Apple to keep iPhone production flat as market grows tougher

Small businesses are nothing without their communities. And when tragedy strikes close to home, many entrepreneurs feel a responsibility to act--fast. That's exactly what happened after a gunman entered Robb Elementary School in Uvalde, Texas , on Tuesday, May 24, killing 19 children and 2 adults. Local business owners, including those in the closest metropolitan area, San Antonio, have quickly rallied to support the families of the victims . "My heart tore up and broke when I heard the news," says Charles Moreno, the founder of ChazzMo's Barbecue , a Central Texas-style barbecue pop-up in Castroville, a town on the western outskirts of San Antonio. Moreno, who lived and worked in the Uvalde area for eight years and still has many friends and family members nearby, started his barbecue business in the early days of the pandemic, grilling out of his backyard. After launching his business on social media, he was floored by his community's support and invested in a … [Read more...] about How Local Small Businesses Are Supporting the People of Uvalde, Texas, a Town of 16,000 Broken Hearts

Share to Twitter Share to Linkedin The legendary Maçakizi Hotel on Turkey’s Bodrum Peninsula has enhanced its much-loved hospitality offering with the addition of Villa Maçakizi. A concept first created by the founder Ayla Emiroğlu in the ‘70s, before moving to its current location in 2000 and since taken on its evolution by her son Sahir Erozan, Maçakizi is credited with being a part of Bodrum’s journey to becoming a go-to destination among the jet set. This coastal enclave, where rooms and suites are housed in white cottages set among olive trees and pink bougainvillea and an open-plan restaurant, bar and lounge with outdoor terrace commands views over the Aegean Sea, is positioned on the lush hillside overlooking Türkbükü Bay. Stone steps lead down the verdant slope between these cottages, the hillside dining pavilion and a spa set apart by its traditional Turkish hammam to a wooden-decked and canopied beach club for enjoying long family-style … [Read more...] about Stay In The Exclusive New Villa Of Bodrum’s Legendary Macakizi Hotel