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(Illustration by Suneesh K.) Air India on Tuesday said it has chosen business communication platform Workplace from technology giant Meta so that there is a simple and effective way for all levels of the company to interact with each other. Workplace will help Air India's employees get regular and real-time updates on the airline's operations and future plans, exchange information with peers, and get access to a forum to share their views, provide feedback and contribute to shaping the airline's vision and policies, the airline noted in a statement. The decision to choose Workplace perfectly falls in line with the airline's transformation from a government-owned entity to becoming a world-class private airline, it stated. Air India said it has chosen Workplace to "connect and engage with its 11,000 plus employees". "Workplace from Meta will provide Air India's employees a platform that promotes more open communication and information sharing within and across all levels of … [Read more...] about Air India picks Meta software Workplace for intra-company communications

Zerodha co-founder and CEO Nithin Kamath shared some data about the hacking incidents reported at the company. Zerodha co-founder and CEO Nithin Kamath on Tuesday opened up about "some noise" regarding the hacking incidents at the online brokerage platform. Taking to Twitter, Kamath explained, “Out of the ~65lk customers who traded with us last year, we have ~100 complaints of fraud. ~ 80 where login details were shared willingly & ~20 where email was hacked (all Rediffmail IDs)." There has been some noise about the hacking incidents at Zerodha. Here is some data: — Nithin Kamath (@Nithin0dha) August 2, 2022 "As a % of such cases or even normal complaints to overall active customers, we are among the lowest in the broking industry. So this isn't just about us; regardless of the broker, you need to be careful not to share your login details & use a secure email." The Zerodha CEO further added, “Since all email hacking cases happen to use Rediffmail, it … [Read more...] about Nithin Kamath opens up about hacking incidents at Zerodha, shares data

- A + A KUALA LUMPUR (Aug 16): Citizens aged 18 and above in July this year and registered voters who have applied for a change of constituency or status can check their particulars in the Supplementary Electoral Roll for July 2022 (DPT BLN7/2022). Election Commission (EC) Secretary Datuk Ikmalrudin Ishak said the review can be made from Tuesday (Aug 16) until Sept 14 through five methods, such as via the EC portal at https://www.spr.gov.my or https://mysprsemak.spr.gov.my . “In addition, the review can be done through the official portals of State Election Offices at http://ppn.spr.gov.my , online application at https://myspr.spr.gov.my , MySPR Semak mobile application and EC hotline at 03-8892 7018,” he said in a statement on Tuesday. He also said that those who find that their names are not listed in the electoral roll, can make a claim by filing in Form C through the online app at https://myspr.spr.gov.my or visit the State Election Office (EC) office … [Read more...] about Review of July supplementary electoral roll now open

When Levi Strauss invented the blue jean in 1873, it was a feat of design. Made from copper rivet-reinforced denim, they could withstand years of manual labor, while still projecting an air of effortless cool. But today, jeans are just another example of disposable fast fashion. Brands like Shein and H&M crank out cheap, trendy pairs every season, designed to be thrown out within months—contributing to the 2 billion pairs churned out every year. advertisement advertisement Asket , a Swedish startup founded in 2015, is on a mission to find out. While fashion brands typically design new collections every season, Asket (the Swedish term for “ascetic”) has created one permanent collection of 30 classic, versatile garments that the company promises will last years of wear and never be phased out. This approach goes against how the fashion business has operated for the last half century, but Asket is proving there’s money to be made with this radical … [Read more...] about Two years in the making, these jeans are the antidote to fast fashion

- A + A PUTRAJAYA (Aug 16): The Court of Appeal here on Tuesday (Aug 16) dismissed an appeal by two Sabahans to reinstate a lawsuit against PAS president Datuk Seri Abdul Hadi Awang for allegedly making seditious remarks against Christians. A three-member bench led by judge Datuk Vazeer Alam Mydin Meera said the court agreed with the High Court that the suit, which was filed by Maklin Masiau and Lawrence Jomiji Kinsil @ Maximilhian, was wholly unsustainable and ought to be struck out. He said the two declaratory orders sought by the two Sabahans were to ask the court to make a finding that Abdul Hadi had in fact committed an offence of sedition. He said such declarations would not serve any purpose to the appellants (Maklim and Lawrence), as they admitted that they were not compelling the attorney general (AG) to prosecute Abdul Hadi, or to compel the prime minister to dismiss Abdul Hadi from his public office. The judge said Maklim and Lawrence had alleged that … [Read more...] about Sabahans lose appeal to reinstate lawsuit against Abdul Hadi

- A + A KUALA LUMPUR (Aug 16): Berjaya Food Bhd’s (BFood) net profit soared 185% to RM40.66 million in the fourth quarter ended June 30, 2021 (4QFY22), from RM14.27 million a year ago, due to higher same-store-sales growth, particularly from its Starbucks outlets. Quarterly revenue came in sharply higher at RM291 million in 4QFY22 versus RM180.7 million a year ago. This lifted the group’s annual revenue to a record high of RM997.7 million for the financial year ended June 30, 2022 (FY22), compared with RM717.3 million in FY21. The group’s annual net profit soared to RM122.7 million — the highest since the financial year ended April 30, 2015. BFood changed its financial year from April 30 to June 30 in 2019. BFood has declared a fourth interim dividend of two sen per share, payable on Sept 22. This brings its full-year payout to 5.5 sen, up from three sen for the previous year, according to its bourse filing. Earnings per share stood at 11.28 sen in the … [Read more...] about Berjaya Food 4Q net profit jumps 185%; ends FY22 with record annual revenue

This article first appeared in The Edge Malaysia Weekly, on August 8, 2022 - August 14, 2022. Nancy Pelosi (Photo by Reuters) - A + A US House Speaker Nancy Pelosi’s visit to Taiwan is the latest trigger point to strain US-China ties again. Calling the visit a provocative move by the US, China fired ballistic missiles and deployed fighter jets and warships in military drills that encircled Taiwan. The US’ and China’s next course of action will be closely monitored to gauge potential signs of further escalation in the trade war between the two countries. Pelosi was the highest ranking official to visit Taiwan in 25 years. In 1997, the then US House Speaker Newt Gingrich visited the country but it did not spark Beijing’s anger as bilateral relations between the US and China were improving at the time. Nonetheless, Sunway University economics professor Dr Yeah Kim Leng sees positive spillover effects in terms of the relocation of industries from China … [Read more...] about Malaysia to benefit from trade diversion amid heightened geopolitical tensions

- A + A BENGALURU/NEW YORK (Aug 16): Walmart Inc nudged up its annual profit forecast on Tuesday, partly reversing a hefty cut less than a month ago, as discounts to clear excess merchandise and lower fuel prices helped it beat expectations for quarterly sales. The stock, which has fallen over 8% this year, rose 3.7% in pre-market trading. Shares of rivals Target Corp, Costco, and Best Buy also climbed on the news, while futures for the blue-chip Dow index cut losses. Walmart said it now expected fiscal 2023 adjusted earnings per share to fall 9%-11%. Last month, the top US retailer spooked markets across the globe when it forecast a drop of 11%-13% — down from previous guidance for a 1% fall — and warned consumers were pulling back on discretionary purchases at a far greater pace than feared as soaring inflation hit their spending power. That forced Walmart to make steep price cuts on items such as apparel to try to reduce more than US$61 billion (RM272.45 … [Read more...] about Walmart sees smaller profit drop as discounts draw inflation-hit shoppers

Datuk Seri Mohamed Azmin Ali (The Edge filepix) - A + A KUALA LUMPUR (Aug 16): The Ministry of International Trade and Industry (MITI) has announced the formation of a Sustainable Aviation Energy Task Force to reduce carbon footprint in the aerospace industry. MITI Senior Minister Datuk Seri Mohamed Azmin Ali said the task force will provide policy recommendations and coordinate the implementation of public-private partnerships at the national level, including the production of sustainable aviation fuel (SAF) in Malaysia. “This new task force will gather feedback on the industry’s behalf to mitigate collaborations between the public and private sectors, to develop and direct the national aerospace movement, which includes the participation of local industry players. “This is to enable the SAF target to be met because we want this initiative to be a priority for a set period of time, in line with Malaysia’s goal of becoming a carbon-neutral country by 2050,” he … [Read more...] about MITI forms Sustainable Aviation Energy Task Force to reduce carbon footprint

- A + A KUALA LUMPUR (Aug 16): Late buying in selected index-linked telecommunication companies (telcos) lifted Bursa Malaysia to close at its intraday high on Tuesday (Aug 16), amid mixed performance on the regional markets, dealers said. The FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 14.77 points to end at 1,518.78, compared with Monday's close of 1,504.01. The benchmark index, which opened 0.08 of a point higher at 1,504.09 on Tuesday morning, hit a low of 1,503.86 during the early strading session. Market breadth was also positive, as gainers thumped losers 469 to 399, while 443 counters were unchanged, 954 untraded, and six others suspended. Total turnover increased to 2.69 billion units worth RM2.22 billion, from 2.54 billion units worth RM1.73 billion on Monday. Digi.Com and Axiata were among the biggest contributors to the gains in the composite index, rising 21 sen and 17 sen to RM3.86 and RM3.08 respectively, contributing a combined 5.44 points. … [Read more...] about Buying in selected telcos lifts Bursa Malaysia to end at intraday high