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Health Minister Khairy Jamaluddin (The Edge filepix by Suhaimi Yusuf) - A + A PUTRAJAYA (Aug 17): The Ministry of Health (MOH) will open its e-placement systems, namely the e-Housemen, e-Dentist and e-Pharmacist from mid-September this year, to enable officers to make an online selection of placement upon receiving the offer of permanent appointment. Health Minister Khairy Jamaluddin said the officers would be notified about the opening of the e-placement systems, one week in advance via email. “The date for the officers to report for duty is set on Oct 17,” he said in a statement here on Wednesday (Aug 17). Khairy said 4,053 medical, dental and pharmacy officers who were offered a permanent appointment can download the offer letter from the Public Service Commission's (SPA) Appointment Offer System (MySTP) portal from Aug 29. He said the appointments of the officers, comprising 3,215 medical officers, 438 dental officers and 400 pharmacy officers, were the … [Read more...] about e-placement system for MOH officers to open in mid-September, says Khairy

- A + A LONDON (Aug 17): City of London workers looking to save money may want to embrace the office over winter, as the cost of working from home soars alongside energy bills. Those prepared to go into the office every day could save about £50 (US$60) per week in January 2023 if they can walk, run or cycle into their workplace. That’s thanks to the money they’ve saved by not heating a home for the whole day, according to estimates by price comparison site Uswitch. Those working from home in January could expect to pay around £175 a week in energy costs and other incidentals included in Bloomberg ’s calculations such as buying in your own coffee, a freebie in many offices. The combined cost of energy bills — factoring in the lower consumption expected — and five return trips on the Tube from London’s Zone 4 would be about £160 a week in January 2023, a £15 saving. For those taking the bus, the total cost is about £140, a £35 weekly saving. In both cases, any rise … [Read more...] about Londoners are better off returning to the office as bills soar

The National Assembly’s regular audit of the Blue House was botched after the Blue House refused to send seven presidential aides to the session Thursday. The presidential office cited several reasons, including the need to quarantine an official after a trip overseas. However, its abrupt refusal constitutes a brazen disrespect for the legislature. The almighty Blue House of President Moon Jae-in’s administration has left another bad precedent in the National Assembly’s history. We wonder if the Blue House really regards the legislature as being an equal to the presidency. The seven presidential aides who refused to appear at the audit session included Suh Hoon, director of the National Security Office; Kim Jong-ho, senior presidential secretary for civil affairs; and Ryoo Yeon-sang, presidential security service chief. First of all, Suh should have explained the government’s timid reaction to the brutal murder last month of a South Korean fisheries official by the North Korean … [Read more...] about Arrogance on display (KOR)

- A + A COPENHAGEN (Aug 17): Bavarian Nordic A/S, the only company with an approved vaccine for monkeypox, has said it is no longer certain it can meet demand as cases continue to rise across the world. The Danish company is now exploring the possibility of outsourcing some of the production, including technology transfer to a US contract manufacturer, to meet accelerating demand. "It's a very dynamic market situation," Rolf Sass Sorensen, a vice president at the firm, said by phone on Wednesday. "Demand keeps rising and it's no longer certain that we can continue to meet the demand we're facing even with the upgrade of our existing manufacturing site in Denmark." A move to outsourcing production would mark a shift for Bavarian which until now has said it could deliver on all orders from its Danish facility. It also previously said a technology transfer to a third-party producer — which would allow bulk production of the vaccine rather than just "fill-finish" where … [Read more...] about Monkeypox vaccine maker no longer certain it can meet demand

- A + A (Aug 17): London rents rose the most in about five years as demand for rentals continued to exceed the supply of properties, exacerbating cost-of-living pressures on tenants in one of the world’s priciest capitals. Private rental prices in London grew 2.1% in the year to July. While that’s the lowest in England, the capital is quickly catching up with an acceleration in rents charged since the start of the year, according to the Office for National Statistics. The figures add to the gloomy outlook for London and British households more broadly, which are are bracing for a surge in energy bills in October. Inflation across the UK reached 10.1% last month, the strongest in 40 years, and real wages are falling at the sharpest pace on record. The London rent price rally is fuelled by a lack of new properties coming to the market. Foxtons said letting agents are seeing 40% fewer new listings compared with this time last year The picture for newcomers or … [Read more...] about London rents spike the most since 2017 after supply shortage

- A + A KUALA LUMPUR (Aug 17): Homegrown digital solutions and application development specialist Agmo Holdings Bhd (Agmo) has plans to expand in Singapore, targetting to set-up teams within 18 months of its listing on Bursa Malaysia’s ACE Market on Thursday (Aug 18). Agmo aims to raise RM22.10 million from its initial public offering (IPO). Its chief executive officer Tan Aik Keong said with a dedicated team in the city state, Agmo will be able to focus on growing the business and enhancing its customer relationships there. “We will expand our regional footprint by venturing into Singapore, where the mobile and web application development and digital solutions industries are expected to continue on a strong growth trajectory. “The establishment of our business presence there is expected to increase the group’s profile in the region,” he told Bernama . He said Singapore is a key global financial centre and also a regional base for many technology-related … [Read more...] about Agmo to set up Singapore teams within 18 months of listing

Chamath Palihapitiya - A + A NEW YORK (Aug 17): The news came with little fanfare. It was late on a sleepy summer afternoon last week, and few on Wall Street even seemed to notice the pair of filings when they hit the Securities and Exchange Commission's (SEC) website. In terse, boilerplate language, the documents stated that two special-purpose acquisition companies (SPACs) launched by Chamath Palihapitiya needed to push back the deadlines they had set to make acquisitions. Palihapitiya was in no mood to trumpet the news. There were no tweets, no interviews, none of the braggadocio that came with so many of his big SPAC deals, back when the market was the hot new thing in finance, a sure-fire, money-minting machine, and Palihapitiya was its undisputed king. But if those euphoric moments two years ago represented the peak of SPAC frenzy — a phenomenon created out of the same ingredients (unprecedented monetary and fiscal stimulus) that gave us meme stocks and … [Read more...] about US SPAC king goes silent with his empire shrivelling

- A + A "The Covid-19 lockdown in China is still impacting our business. It may be quite a difficult year [for FY23], and it’s quite hard to achieve the results we want.” Sime Darby Bhd group chief executive officer Datuk Jeffri Salim Davidson (Photo credit: Sime Darby Bhd) KUALA LUMPUR (Aug 17): Sime Darby Bhd expects financial year ending June 30, 2023 (FY23) to be tough in the face of continuing headwinds from the Covid-19 pandemic, rising inflation and supply chain issues, said group chief executive officer Datuk Jeffri Salim Davidson. "I see more headwinds than in the past because inflation is 'rearing its head', interest rates are rising and borrowing costs are also rising, which may dampen consumer sentiment," he said at Sime Darby's financial results briefing for the fourth quarter ended June 30, 2022 (4QFY22) held virtually on Wednesday (Aug 17). In addition, Jeffri said, supply chain issues have not yet been fully resolved, which could affect the … [Read more...] about Sime Darby expects ‘tough’ FY23 amid rising inflation, supply chain issues

Organization of Petroleum Exporting Countries secretary-general Haitham Al-Ghais - A + A VIENNA (Aug 17): Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of the Organization of Petroleum Exporting Countries (OPEC) said. Fears over slowing consumption in China and the wider world — which have pushed crude prices 16% lower this month — have been exaggerated, OPEC secretary-general Haitham Al-Ghais said in an interview with Bloomberg Television. At the same time, producers in OPEC and beyond are running out of extra supplies they can bring to market, Al-Ghais said at OPEC's Vienna headquarters. The Kuwaiti oil executive was appointed as the group's top diplomat this month. "We are running on thin ice, if I may use that term, because spare capacity is becoming scarce," Al-Ghais said. "The likelihood of a squeeze is there." International oil prices have retreated to … [Read more...] about OPEC chief sees high risk of oil squeeze amid bullish demand

Norges Bank Investment Management chief executive officer Nicolai Tangen - A + A OSLO/NEW YORK (Aug 17): Norway's US$1.3 trillion (RM5.81 trillion) wealth fund is still positive about the US technology giants, even after the sector led the investor to a record loss. "The US tech companies would typically be amongst our top 10 holdings and we continue to think they're well positioned," Norges Bank Investment Management chief executive officer Nicolai Tangen said in an interview on Bloomberg TV. The size of the holdings reflects their size in the benchmark for the fund, which is limited in how far it can stray from that index of global stocks, he said. The fund lost US$174 billion in the first half of the year, with Meta Platforms Inc, Amazon.com Inc, Apple Inc, and Microsoft Corp the biggest single contributers to the decline, it said. These four are also the biggest single equity holdings of the fund. Technology companies as a whole lost 27.6%, as demand for … [Read more...] about World’s biggest sovereign wealth fund still upbeat about big tech