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Share to Twitter Share to Linkedin When it comes to life expectancy, Okinawa prefecture and its semi-tropical islands off Japan’s south coast have long been referenced as the benchmark location for living a long life. According to the WHO , the global trend for how long we live increased by more than six years over the first 20 years of the 21st century, with the average global life expectancy increasing from 66.8 years in 2000 to 73.4 years in 2019. But in Okinawa that trend is in reverse. In 1980, it had the highest average life expectancy for both men and women, with men expected to live until at least 84 years and women averaging an amazing 90 years old. Yet in the 2020 census, it was discovered Okinawan men were living to an average age of 80.27 years and women 87.44 years. Gerontologists have long attributed those long lives to a combination of nutritious diet, regular exercise, a continued sense of purpose (known as the concept of ikigai in … [Read more...] about Live Long And Prosper: Five Countries Where People Live The Longest

- A + A KUALA LUMPUR (June 27): Costlier crude oil along with a stronger US dollar will erode Spritzer's Bhd profit margin, the bottled water producer admitted. "Costlier oil will translate into costlier PET resin, which is the main raw material used in making the [plastic] bottles. "PET resin is normally quoted in US dollar so a stronger US dollar would mean we will have to pay more for our PET resin," a company representative said in a brief email reply to theedgemarkets.com recently, when asked about the impact of surging oil prices on its manufacturing costs. According to the US-based PET Resin Association, PET — which is short for polyethylene terephthalate, the chemical name for polyester — is a clear, strong, and lightweight plastic made from crude oil and ethane extracted from natural gas that is widely used for packaging food and beverages, especially convenience-sized soft drinks, juices and water. Following Russia's incursion into Ukraine, oil prices … [Read more...] about Spritzer admits costlier crude oil, stronger US dollar will erode its profit margin

Malaysia's two leading ports posted a combined throughput of 24.9 million TEUs in 2021, with Port Klang (pictured) at 13.7 million TEUs and PTP at 11.2 million TEUs, their highest achievements. - A + A KUALA LUMPUR (June 27): Transport Minister Datuk Seri Dr Wee Ka Siong is hopeful that the combined container volume for Port Klang and Port of Tanjung Pelepas (PTP) will be close to last year’s record-breaking figure, despite the global supply crunch due to the Russia-Ukraine conflict. The nation's two leading ports posted a combined throughput of 24.9 million twenty-foot equivalent units (TEUs) in 2021, with Port Klang at 13.7 million TEUs and PTP at 11.2 million TEUs, their highest achievements. Noting that the Russia-Ukraine conflict had resulted in higher oil prices and a shortage of commodities, Wee said this had affected the performance of the ports. “This happened not only in Malaysia but worldwide. But I am still optimistic that these two ports will not … [Read more...] about Wee: Container volume at Port Klang, PTP expected to be near last year’s record level despite headwinds

- A + A KUALA LUMPUR (June 27): The ringgit reversed its earlier gains to close weaker against the US dollar on Monday (June 27), as the falling crude oil prices continued to weigh on sentiments, said an analyst. At 6pm, the local unit depreciated against the greenback to 4.4030/4060 from Friday (June 24)'s close of 4.4010/4045. The analyst said oil prices had eased on Monday as investors were cautious about moves against Russian oil and gas exports that might arise from the Group of Seven (G7) nations meeting. At the press time, benchmark Brent crude oil was traded at US$113.14 per barrel, down by 0.14%. He also expects the USD/MYR (US dollar-ringgit pair) to remain volatile, as growing fears of a recession are causing market participants to be defensive, leading to higher demand for safe-haven currencies. Meanwhile, the local currency was traded mixed against a basket of major currencies. The ringgit appreciated against the British pound to 5.4064/4101 from … [Read more...] about Ringgit depreciates against US dollar on June 27

This article first appeared in City & Country, The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. i-TechValley will be a modern, gated-and-guarded industrial park with properties that have contemporary façades and features (Photo by AME Development) - A + A AME Development Sdn Bhd is looking to launch i-TechValley, a RM1.5 billion, 170-acre industrial park at Southern Industrial and Logistics Clusters (SiLC) in Johor, by end-June. According to director of property development division Cheryl Lim, this will be the company’s third industrial project in SiLC. Lim says the previous industrial schemes there were smaller projects and not gated and guarded. In contrast, i-TechValley will be a modern, gated-and-guarded industrial park with properties that have contemporary façades and features. “i-TechValley is envisioned to set a new benchmark for the industrial sector. Being in SiLC, we are surrounded by mature townships. The industrial park will … [Read more...] about AME Development to launch RM1.5 bil industrial park by end-June

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A IF Bank Negara Malaysia’s eight-member monetary policy committee (MPC) raises the overnight policy rate (OPR) by 25 basis points (bps) at its next scheduled meeting on July 6, it will mark its first back-to-back increase since mid-2010, when interest rates were normalised following the recovery from the 2008 global financial crisis. It will not be the first central bank to do so. Compared with just a month ago, more economists now (at the time of writing) reckon that a 25bps hike will happen in July, but many still think a pause is possible in July ahead of the Hari Raya Aidiladha celebrations. In any case, at least one more rate increase (if not two) is expected to take place by the conclusion of the Sept 8 meeting to bring the OPR to at least 2.25% (if not 2.5%), consensus data show. “Our house has also shifted expectations for Bank Negara to frontload … [Read more...] about The State Of The Nation: What the Fed’s 75bps hike and near 4% terminal rate mean for the OPR

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A THE momentum to adopt environmental, social and governance (ESG) criteria and sustainability practices in the capital market has picked up significantly in the past few years. By the third quarter of 2021, assets in global sustainable funds hit a record high, according to investment research firm Morningstar. At the same time, more than 70 countries — including the biggest polluters — have set a net-zero target and over 1,200 companies have put in place science-based targets to reach net-zero emissions, according to the United Nations. In Malaysia, at least 44 out of the 54 Sustainable and Responsible Investment (SRI) funds approved by Securities Commission Malaysia were launched in the last two years. As at December 2021, 94% of the top 50 listed companies in Malaysia had ESG strategies and 68% had emissions reduction policies, according to PwC’s research. … [Read more...] about HONOURING MALAYSIA’S BEST PERFORMERS IN ESG EXCELLENCE: The Edge to roll out Malaysia’s first ESG awards

Datuk Seri Ahmad Zahid Hamidi seen at the High Court on Monday, June 27, 2022 for his money-laundering trial. (Photo by Shahrin Yahya/The Edge) - A + A KUALA LUMPUR (June 27): UMNO president Datuk Seri Ahmad Zahid Hamidi denied instructing law firm Messrs Lewis & Co, the trustee for funds belonging to Yayasan Akalbudi, to transfer more than RM59 million into a fixed deposit (FD) account. Zahid also told the High Court that the firm’s partner, B Muralidharan, told him that the fixed deposit account needed to be opened “by law” to manage the funds. However, the subsequent fund transfers happened without his knowledge, he said. “I categorically deny that I gave instructions to Messrs Lewis & Co or any lawyer or staff, including V Sothilechmy, to deposit the funds in the fixed deposit account,” Zahid said when reading his witness statement. Sothilechmy, the accountant for Lewis & Co, is the 85th prosecution witness in Zahid’s money-laundering trial, … [Read more...] about Zahid denies instructing trustee law firm to transfer RM59 mil of charity funds into FD

- A + A (June 27): President Joe Biden rebooted his effort to counter China’s flagship trade-and-infrastructure initiative after an earlier campaign faltered, enlisting the support of Group of Seven (G7) leaders at their summit in Germany. The Build Back Better World initiative, named after Biden’s domestic spending and climate agenda, struggled to get off the ground because not enough G7 partners contributed financially when it was unveiled a year ago, according to people familiar with its lack of progress. European officials cited the Biden administration’s inability to get its own ambitious economic legislation through Congress. “When democracies demonstrate what we can do — all that we have to offer — I have no doubt that we’ll win that competition every time,” Biden said during an event on the sidelines of the summit. The measure has been rebranded the “Partnership for Global Infrastructure and Investment” (PGII) and the US is calling on leaders to agree to … [Read more...] about US resuscitates bid at G7 to counter China’s Belt and Road

- A + A KUALA LUMPUR (June 27): S&P Global Ratings has revised upward its rating outlook on Malaysia’s long term sovereign credit ratings to stable from negative, reflecting its expectation that the country’s steady growth momentum and strong external position will remain in place for the next two years. At the same time, it anticipates that the policymaking environment will be supportive of restoring fiscal settings to a firmer footing. “We revised the outlook to stable in recognition of Malaysia's consistently strong growth trend that is faster than sovereigns of similar income level. Though Malaysia's budget deficits remain high, we expect its growth dynamics to offset vulnerabilities associated with its weak fiscal settings. In addition, political commitment to resume fiscal consolidation post-pandemic is strong, in our view," S&P said in a statement on Monday (June 27). At the same time, it affirmed its 'A-' long-term and 'A-2' short-term foreign … [Read more...] about S&P revised Malaysia’s rating outlook to stable from negative on strong growth momentum, external position