Max contributions to 401k

Tan Sri Shahrir Ab Samad (The Edge filepix by Zahid Izzani) - A + A KUALA LUMPUR (Aug 9): The High Court here on Tuesday (Aug 9) heard that Taman Kebun Teh UMNO branch in Johor had received a cheque worth RM10,000 from former Felda chairman Tan Sri Shahrir Ab Samad for the expenses of a football tournament, nine years ago. Its deputy chief Abu Bakar Abd Aziz, 72, said the donation was deposited into the Maybank Islamic account, which is the official account of the branch, on Dec 10, 2013. "On Dec 13, 2013, a cheque worth RM7,000 was issued to Mohamad Danial Zainal Abidin who is the Taman Kebun Teh UMNO Youth chief for the expenses of the YB Tan Sri Shahrir Hj Ab Samad Football Tournament," Abu Bakar said, adding that he had applied for the donation himself because Shahrir is the Johor Bahru UMNO division chief. He said this when reading his witness statement at the trial of the former Johor Bahru MP, who is charged with failing to declare RM1 million which he … [Read more...] about Taman Kebun Teh Umno branch received RM10,000 contribution from Shahrir, says witness

Overhauling Denver’s campaign finance rules was popular with voters in 2018. More than 70% of Denverites who cast ballots that year voted for Referred Measure 2E. The sweeping change to the city’s campaign rules ratcheted down contribution limits for candidates seeking every seat from mayor to the city auditor, banned direct corporate and union campaign contributions and established a fair elections fund to provide public financing for candidates who agreed to abide by even lower contribution limits and other rules. Participate in the fair elections fund and receive a 9-to-1 public funding match on contributions from Denver residents between $5 and $50. In other words, a $50 donation becomes $500 with taxpayer money so long as the donor hails from the city and county. A lot has happened since then. First, the measure’s backers struck a deal with the City Council to delay the law’s effective date until after the 2019 municipal election instead of trying to enact the changes … [Read more...] about In crowded city races, Denver’s new fair election fund will face first test

Cherie Gil There was a point in Cherie Gil’s illustrious career when she questioned herself if there was anything else she could leave behind in the industry aside from her “famous line” about second-rate, trying-hard copycats. But as heartfelt tributes for the beloved actress poured in on social media—shortly after news broke that she died from cancer last Aug. 5—it became unquestionably clear that Cherie’s legacy goes beyond the iconic “contravida” roles she played, or any other performances she gave on television, film and stage. For her family, loved ones and the people fortunate enough to have worked with her on- and offscreen, Cherie was more than a versatile talent: She was also a friend, a sister, a mentor, a second mother. For her niece Max Eigenmann, Cherie was the one person she turned to when she was feeling down. “She always knew what to do to make me feel better,” she said, reminiscing about the intimate conversations they had during their yoga sessions or as … [Read more...] about Leaving a lasting legacy: Cherie Gil more than just an iconic ‘contravida’

- A + A KUALA LUMPUR (Aug 9): Lagenda Properties Bhd on Tuesday (Aug 9) announced it is acquiring a 422-acre land in Perak for RM92.4 million cash. Taraf Nusantara Sdn Bhd — a wholly owned subsidiary of Blossom Eastland Sdn Bhd, which is in turn wholly owned by Lagenda — entered into a conditional sale and purchase agreement with Ladang Awana Sdn Bhd in relation to the proposed acquisition. The exercise involves 42 block titles of development and agricultural land, all located within Mukim Durian Sebatang, in the Hilir Perak district of Perak. In a Bursa Malaysia filing, Lagenda said the land is adjoining Lagenda Teluk Intan, a master planned ongoing affordable township development by the group, and is strategically located about 4km off West Coast Expressway (WCE) to its west. Geographically, the Teluk Intan town centre is located approximately 7km due north of Lagenda Teluk Intan. “The proposed acquisition is undertaken to acquire the subject lands which are … [Read more...] about Lagenda Properties to acquire 422-acre land in Perak for RM92m cash

Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar (Bernama filepix) - A + A KUALA LUMPUR (Aug 9): The establishment of the co-operatives federation, representing a co-operatives union, empowers the co-operative movement that carries out activities under the six economic sectors. The six sectors are wholesale and retail; tourism, personal care and health; financial services; farming; real estate and construction industry; and agriculture and agro-based industries. Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar said co-operatives are seen as important in the socio-economic development of society, especially in helping deal with the people’s cost of living. “In view of the importance of the cooperatives sector in the development of socio-economy and in addressing the cost of living of the people, the government has agreed that the plantation co-operatives be given assistance in the recruitment of foreign labour. “Besides … [Read more...] about Co-operatives federation empowers co-operatives under six economic sectors, says Noh Omar

This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. - A + A WILL it be third time’s the charm for Jardine Cycle & Carriage Ltd, which launched yet another unconditional takeover offer for Cycle & Carriage Bintang Bhd (CCB) on July 14? Jardine’s bid to acquire the rest of the shares in CCB that it does not already own — at an offer price of RM2.70 per share — marks its third attempt at making CCB a fully owned subsidiary. As with the first two exercises, the current offer is expected to fall short, because even though it is higher than the previous offers of RM2.20 per share followed by another at RM2.40, it is still far from the RM4.65 enterprise value (EV) that the main dissenting shareholder Datuk David Goh contends it is worth. In an exclusive interview with The Edge in July last year, Goh said that the underlying value of CCB — one of the largest Mercedes-Benz dealerships in the country — was at … [Read more...] about Suspense over Jardine’s third attempt at CCB privatisation

- A + A KUALA LUMPUR (Aug 9): Leong Hup International Bhd's unit Leong Hup Feedmill Malaysia Sdn Bhd (LFM), one of the five feed millers recently issued with a proposed decision by the Malaysia Competition Commission (MyCC), said that MyCC has proposed to impose a financial penalty of RM157.47 million in the event LFM is found to have infringed the Competition Act 2010. In a filing with Bursa Malaysia on Tuesday (Aug 9), Leong Hup said that it provided the additional information for the purpose of clarity. Besides the RM157.47 million fine, Leong Hup also said that if LFM is found to have infringed the Act, MyCC proposed to direct LFM to undertake the following: i) to cease and desist from participating and engaging in the alleged anti-competitive horizontal agreement in relation to any discussion on price-related matters pertaining to chicken feed; ii) to submit monthly price-related matters to MyCC including the announcement of price adjustment to customers, a … [Read more...] about Leong Hup’s unit to be fined RM157.47 mil if found to have infringed Competition Act 2010

PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Titan Company Ltd (CMP: Rs 2,433; Market cap: Rs 215,958 crore) has posted better-than-expected results for Q1FY23. Demand for the key jewellery segment, which contributes 88 percent to overall revenues, continues to remain strong, post the festive season as well and the hike in customs duty on gold from July 2022. With the company entering new towns, ramping up international presence, and mandatory hallmarking regulations, Titan is well poised to continue gaining market share. Titan has guided a 20 percent... … [Read more...] about Titan Company: Will the shiny outlook continue?

Share to Twitter Share to Linkedin I have always viewed politicians that promise to ban hydraulic fracturing — commonly known as “fracking” — with some level of suspicion. In fact, a year ago as candidates were making these promises I explained Why A Ban On Fracking Will Never Happen . Those promises have always signaled one of three things to me. The Significance of Fracking First, the candidate may not understand the significance of fracking to U.S. oil and gas production. So let’s review that significance. Fracking has actually been around since the late 1940s and has been used extensively to promote higher production rates from oil and gas wells. Fracking involves pumping water, chemicals and typically sand down an oil or gas well under high pressure to break open channels (fractures) in the reservoir rock trapping the deposit. Oil and gas do not travel easily through these shale formations, which is why they need to be fractured. The … [Read more...] about Joe Biden Shifts To A Realistic Fracking Stance

Share to Twitter Share to Linkedin El Segundo Energy Center, a 560-MW combined cycle power plant in southern California. Source: ... [+] Combined Cycle Journal For electricity, the lifeblood of our modern world , efficiency has been installed as the 1st choice to reduce energy usage and related GHG emissions. Although renewables are ranked 2nd in this critical "loading order," 3rd ranked natural gas often gets deployed 1st because of greater availability and reliability. This demonstrates why since California first installed its Renewable Portfolio Standard in 2003, natural gas' share in the power generation mix has actually risen from 47% then to 61% today. Thanks to its clean burning, predictable, and flexible nature, natural gas has become an increasingly attractive fuel, boosted by a production boom and lower prices. Evolving technologies will continue to allow gas to play an expanding role in the clean generation of electricity. … [Read more...] about U.S. Natural Gas Electricity Efficiency is Always Improving