Lgbtq groups

- A + A KUALA LUMPUR (Aug 10): Former executive chairman of Caely Holdings Bhd Datuk Wira Ng Chun Hau has disposed of 2.03 million shares in an off-market trade leaving him with 113,000 indirect shares in the lingerie maker, according to a bourse filing on Wednesday. Prior to this, he held 2.14 million indirect shares or a 0.829% stake in the lingerie maker. Ng also holds a direct 4.603% stake or 11.89 million shares in Caely. He resigned on May 13 as group executive chairman to “pursue other personal opportunities”. Caely came under the spotlight in April after one of its subsidiary’s bank accounts was issued a freeze order by the Malaysian Anti-Corruption Commission. Caely shares were unchanged at 31 sen on Wednesday, which translates into a market capitalisation of RM78.76 million. … [Read more...] about Caely’s former executive chairman trims indirect stake in group

FILE PHOTO: A woman holds a mock-up vial labeled "Monkeypox vaccine" and medical syringe in this illustration taken, May 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo The Indian Council of Medical Research has invited expressions of interest from private companies to develop vaccines against monkeypox as the global threat from the viral disease deepens. However, when the vaccine becomes available, it may be used only among high-risk individuals, who are yet to be clearly defined in the Indian context, according to officials in the government agency. Some doctors have suggested that all those under 45 years who have not been vaccinated against smallpox as children (India stopped smallpox vaccinations in 1978) may need it if the disease becomes widespread. But scientists in the government and outside say that may not be necessary. In a document issued on July 27, the ICMR said it is willing to make available monkeypox virus isolates for undertaking R&D, … [Read more...] about ICMR sounds outs monkeypox vaccine makers; Govt may use jabs for high-risk groups

- A + A TOKYO (Aug 10): SoftBank Group Corp expects to post a gain of more than US$34 billion (RM151.5 billion) from selling down its stake in Alibaba Group Holding Ltd, cashing in a chunk of its most storied investment to shore up finances as global markets deteriorate. The Japanese investment giant's board approved on Wednesday the early physical settlement of prepaid forward contracts corresponding to about 242 million American Depositary Receipts. After the settlement, which will run from August to September, its stake in China's e-commerce leader will fall to 14.6% from 23.7% as of the end of June. Masayoshi Son has this year accelerated the sale of assets, speeding the transformation of his conglomerate into a pure investment house. Investors have long pressed SoftBank to cash in its shares in Alibaba, monetising one of the most lucrative bets in venture capital history — and one that made Son's reputation as a start-up investor. SoftBank had previously … [Read more...] about SoftBank sees US$34 bil gain from selling Alibaba shares

- A + A KUALA LUMPUR (Aug 10): Ranhill Utilities Bhd has obtained a four-year extension of a power purchase agreement (PPA) to develop a 50 MW large scale solar plant under large scale solar phase [email protected] ( [email protected] ) in Perak. In a bourse filing, the water supply company via its wholly-owned unit Ranhill Solar I Sdn Bhd (RSI) said it had received a notification letter from the Energy Commission (EC) on the four-year extension agreement. This confirms a report by The Edge on August 2, which stated that LSS4 project owners have their power purchase agreements (PPAs) extended by four years to 25 years from 21 previously, citing sources. The four-year extension for LSS4 winning bidders appears to be a concession the EC is making in consideration of how the viability of certain projects have been affected, following a 30%-50% jump in solar panel prices — compared to when they submitted their bids in 2020, the report said. In the … [Read more...] about Ranhill Utilities gets four-year PPA extension for [email protected] project

- A + A KUALA LUMPUR (Aug 10): Malaysia Competition Commission (MyCC) has proposed to impose a financial penalty of RM46.36 million on FFM Bhd — one of five feed millers recently flagged by the commission for potential price fixing — subject to findings in relation to its alleged infringement of the Competition Act 2010. FFM is a 80%-owned subsidiary of PPB Group Bhd, the flagship company of tycoon Robert Kuok Hock Nien. In a filing with Bursa Malaysia on Wednesday (Aug 10), PPB said that it is providing further information relating to a proposed decision by the commission earlier. "MyCC's allegation against FFM was in relation to the purported entering into agreements or concerted practices by certain poultry feed millers in fixing the price of poultry feed," the diversified conglomerate said. However, PPB added that there is no operational or material financial impact on the group at this juncture. The group also noted it is working with its advisers on its … [Read more...] about Tycoon Robert Kuok’s 80%-owned FFM faces RM46.36 mil fine if breached Competition Act

- A + A KUALA LUMPUR (Aug 10): Green Packet Bhd has disposed of its remaining shares in G3 Global Bhd for RM5.78 million, the group told Bursa Malaysia in a filing. Green Packet sold the remaining amount of 115.25 million G3 Global shares, representing a 3.97% stake in the open market via direct business transaction on Wednesday (Aug 10). A day earlier, the group sold 40 million shares in G3 Global for RM2 million. The shares were the 305.25 million warrants that had been converted by Green Packet on May 19. On May 25, Green Packet held a 6.286% stake in G3 Global or 155.25 million shares. Shares in Green Packet closed down half a sen or 9.09% to five sen, valuing it at RM73.48 million. Meanwhile, G3 Global — the most active counter on Wednesday — dropped 12% or half a sen to 3.5 sen with 129.19 million shares changing hands. … [Read more...] about Green Packet sells remaining shares in G3 Global

- A + A KUALA LUMPUR (Aug 10): Malayan Flour Mills Bhd's (MFM) partially owned Dindings Poultry Development Centre Sdn Bhd (DPDC) said that Malaysia Competition Commission (MyCC) has proposed to impose a financial penalty of RM70.02 million in the event that DPDC is found to have infringed the Competition Act 2010. In a Bursa Malaysia filing on Wednesday (Aug 10), MFM said DPDC strongly denies the allegation of any infringement of the provisions of the Act as mentioned in the proposed decision. "However, in the event of any findings to the contrary, MyCC has proposed a financial penalty equivalent to 10% based on the relevant turnover and based on MyCC's calculation for the alleged period which amounts to RM70.02 million. "DPDC denies that it is liable for the said penalty and refutes the basis of the calculation applied by MyCC," it said. MFM added that DPDC continues its business operations as usual and that currently there is neither financial nor operational … [Read more...] about Malayan Flour Mills’ partially owned company faces RM70.02 mil fine if infringed Competition Act

- A + A LONDON (Aug 10): Benchmark German power prices rose to a record, with an ongoing heat wave and drought set to severely restrict one of Europe's key waterways for shipping energy supplies. The blistering summer heat is adding stress to Europe's energy system while Russia limits exports of gas to the continent. That is set to hit the finances of households and businesses across Europe, a crisis that will only intensify as energy demand rises during winter. Almost every aspect of the power system is contributing to higher prices right now. The latest literal choke point is the Rhine River, which is set to become virtually impassable later this week, cutting supplies of coal to plants that are meant to run more to allow Europe to save its gas. While they can still get the fuel by road or rail transport, it is more expensive to do so. "Low water levels on the Rhine have reduced the ability of these coal power plants to receive sufficient coal to operate at … [Read more...] about German power hits a fresh record as energy crisis heats up

- A + A KUALA LUMPUR (Aug 10): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended marginally lower on Wednesday as concerns over rising output and higher stock levels continue to weigh on prices, a dealer said. The Malaysian Palm Oil Board (MPOB), in its report released on Wednesday, said Malaysia’s CPO stocks for July 2022 rose 2.79% to 905,946 tonnes from 881,315 tonnes recorded in June 2022. Overall, palm oil stocks increased 7.71% to 1.77 million tonnes from 1.65 million tonnes in the preceding month. The report also said that CPO output increased by 1.84% to 1.57 million tonnes in July versus 1.55 million tonnes in June. Palm oil exports rose by 10.72% month-on-month to 1.32 million tonnes in July from 1.19 million tonnes in June. Palm oil trader David Ng said the report indicated an increase of 1% and 7% in production and stock levels respectively last month and this would put pressure on prices. “Weaker crude oil prices are also … [Read more...] about CPO futures end marginally lower on higher output, stocks

- A + A KUALA LUMPUR (Aug 10): Pertama Digital Bhd (PDB) is looking into formulating a regularisation plan to address issues regarding paragraph 8.03A Affected Listed Issuer Status and will announce its regularisation plan in due course. In a filing with Bursa Malaysia, PDB said the company has triggered paragraph 8.03A(2)(a)(bb) of the Main Market Listing Requirements when it completed its sale of Be Top Group Ltd. It sold its entire equity interest in the China-based textile subsidiary to Gifted Investments Ltd for RM70 million. With that sale and exit from the textile business, PDB is set to become a pure-play digital services player and will focus and allocate resources to strengthen and expand its mobile and digital solutions businesses, the current core continuing operations of PDB Group, the filing said. Given the bright prospects of the mobile and digital solutions industry, the board is of the view that the group's mobile and digital solutions businesses … [Read more...] about Pertama Digital to make regularisation plan known in due course