Limelights networks

- 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): Convenience store operator 7-Eleven Malaysia Holdings Bhd (SEM) saw its net profit more than double to RM24.38 million in the first quarter ended March 31 (1QFY22) from RM11.77 million a year earlier, driven by higher revenue contribution from its convenience and pharmaceutical stores. Earnings per share rose to 2.16 sen for 1QFY22 from 1.04 sen for 1QFY21. Quarterly revenue grew 27.8% to RM839.98 million from RM657.13 million in 1QFY21, largely due to longer trading hours. On a quarterly basis, the group’s net profit for 1QFY22 fell 16.7% from RM29.24 million in 4QFY21 even though revenue came in higher by 5.7% from RM795.06 million in 4QFY21. On prospects, SEM said it will continue to monitor potential headwinds arising from global supply chain disruptions, local minimum wages and labour availability. "Essentially, we will take appropriate measures to mitigate their impact, as necessary." It added that the convenience store … [Read more...] about 7-Eleven Malaysia off to strong start with 1Q net profit doubling to RM24m

- 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

- A + A KUALA LUMPUR (May 26): Yes 5G — one of two mobile networks which has signed up for Digital Nasional Bhd’s (DNB) 5G infrastructure — has announced new 5G-ready mobile network plans, which offer average data charges of 30 sen per GB under its “5G for All” campaign. In a Thursday (May 26) statement, Yes 5G’s mobile network operator (MNO), YTL Communications Sdn Bhd, said it opened pre-registration for the plans, comprising standalone mobile plans, as well as data plans with free 5G phones. YTL Communications claims that these 4G/5G mobile plans dubbed “Infinite” and “Infinite+” are 300% cheaper than the current 4G market standard. In its statement, the company noted that for consumers who do not currently have a 5G-compatible smartphone, the Yes Infinite+ 36-month contract allows customers to get a free 5G Smartphone. “With ‘Infinite’ high speed data at all times, regardless of 4G or 5G, customers can enjoy 20x faster speeds at 300% cheaper prices,” said Datuk … [Read more...] about Yes launches 5G mobile plans

- A + A KUALA LUMPUR (May 26): Communications and Multimedia Minister Tan Sri Annuar Musa said his Ministry and the Ministry of Finance have yet to study the requests of telecommunication companies (telcos) on the shareholding structure of Digital Nasional Bhd (DNB), the special purpose vehicle set up for the nationwide rollout of the 5G network. However, he added that the government is firm on not allowing any telco having a higher stake in DNB. “We have received their request, but the government has not made any firm decision. Both Senator Tengku Datuk Seri Zafrul Tengku Abdul Aziz and I were away,” Annuar told the media in a press conference at the offical launch of YES’ 5G service on Thursday (May 26). “I will sit down with the Minister of Finance, we will look at the request and the government will give our response as soon as possible,” he added. He confirmed that the big four telcos (Celcom Axiata Bhd, DiGi Telecommunications, Maxis Bhd, U Mobile Sdn Bhd) … [Read more...] about Government firm on telcos having equal stake in Digital Nasional Bhd

Ethereum’s co-founder Gavin Wood said crypto investors need to be more aware of what is backing their holdings after a market rout that wiped more than $800 billion off their value. “I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem, economy,” Wood told Reuters on the sidelines of the World Economic Forum in the Swiss Alpine resort of Davos. Crypto and blockchain firms have been highly visible at this year’s gathering of business and political leaders, despite the market plummeting in value in the weeks leading up to the event, with the eighth-largest coin Luna becoming virtually worthless. Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo British computer scientist Wood was attending for the first time to talk about a new partnership … [Read more...] about Ethereum co-founder warns of crypto crash – ‘Pay more attention’

Melissa Nava, CEO and co-founder of 1Export, Weee Filipino general manager Ed Maguan, Filiflavors founder Bianca Trinidad-Lamb talk about the availability of Philippine products in the U.S. CONTRIBUTED SAN FRANCISCO – A digital platform showcased products from the Philippines to encourage more Filipino American entrepreneurs and grocery outlets such as Weee Filipino and Filiflavors to find suitable goods to import and resell. 1Export, in cooperation with Philippine Trade and Investment Center in Silicon Valley, the Philippine Consulate in San Francisco and Dynamico Space, on May 16 launched “Kalocal,” a platform from which Fil-Ams can order export-ready Filipino products at wholesale prices. The platform helps Filipinos in the U.S. start their own businesses by importing and reselling products directly from local producers and manufacturers offered at competitive prices. To introduce the platform A hybrid “ salu-salo ” was organized in San Francisco, while participants … [Read more...] about Digital platform showcases PH imports available for resale by Fil-Am retailers

ATHENS/LONDON (Reuters) -The United States has confiscated an Iranian oil cargo held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said. Greek authorities last month impounded the Iranian-flagged Pegas, with 19 Russian crew members on board, near the coast of the southern island of Evia due to EU sanctions. They said the ship was impounded as part of EU sanctions on Russia for the invasion of Ukraine. However the vessel was later released due to confusion about sanctions over its owners. The tanker, renamed Lana on March 1 and flying the Iranian flag since May 1, has remained near Greek waters since then. It was previously Russian-flagged. A source at Greece's shipping ministry said on Thursday that the U.S. Department of Justice had "informed Greece that the cargo on the vessel is Iranian oil". "The cargo has been transferred to another ship that was hired by the U.S.," the … [Read more...] about U.S. seizes Iranian oil cargo near Greek island – sources

This handout photo taken in the year 2001 and received on May 23, 2022 from the Robert Koch Institute (RKI), the German federal government agency and research institute responsible for disease control and prevention, shows a coloured electron-microscopic capture of the monkeypox virus. (Photo: AFP) For years, the dating application Grindr has doled out sexual health tips to its more than 11 million users. Now, the app, which serves the gay, bisexual and transgender community, is using its platform to get the word out about monkeypox, a virus that has long been endemic in parts of Africa but has recently spread to countries including the United States and the United Kingdom. Monkeypox is characterised by clusters of blister-like rashes, which health officials say has led to misdiagnosing the disease as common sexually transmitted infections. The virus also appears to be spreading in much the same way as STIs: through close, intimate contact. But repeated misdiagnoses could allow … [Read more...] about Monkeypox spreading through sex, but not an STI

Share to Twitter Share to Linkedin Infectious disease expert Mark Kortepeter explains the differences between Covid and monkeypox and how its spread primarily through direct contact rather than respiratory droplets means it’s less likely to cause a pandemic as significant as Covid. More than two years into the Covid-19 pandemic, our surveillance networks are on heightened alert for what might be the next big thing. We didn’t predict Covid, and we have never correctly predicted the next infectious disease of concern. If someone had asked me what I thought might be next, I certainly would not have predicted monkeypox, even though I teach regularly about the threat of its close cousin, smallpox. In the past two weeks, we were alerted to an outbreak of monkeypox that began in Europe and thus far appears linked primarily to men who have sex with men. The numbers of confirmed cases worldwide are over 200 and climbing. There have been few cases confirmed … [Read more...] about Will Monkeypox Be The Next Deadly Pandemic? It’s Unlikely