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Tan Sri Annuar Musa (Photo by Zahid Izzani Mohd Said/The Edge) - A + A SERDANG (Aug 7): Those directly involved in the ecosystem for production and sale of palm-based cooking oil should avoid hoarding or rationing the commodity following the setting of its maximum price at RM34.70 per five-kilogramme bottle effective from Monday (Aug 8), said Tan Sri Annuar Musa. The Chairman of the Special Task Force on Jihad Against Inflation said if traders and retailers resort to such practices, they will ultimately lose out, apart from creating problems for consumers. "Just because the price of oil will drop, for example, people should not start hoarding. It won't solve the problem," he told reporters after visiting the Agriculture, Horticulture and Agrotourism Exhibition 2022 (MAHA 2022) at the Malaysia Agro Exposition Park Serdang on Sunday. He said this when asked about the possibility of irresponsible parties hoarding cooking oil when its price is low, a practice … [Read more...] about Annuar: Do not hoard cooking oil

Share to Twitter Share to Linkedin The high costs of cancer drugs impact patients negatively. In fact, the out-of-pocket cost burden can be “ financially toxic ” to patients, causing personal bankruptcy or simply take a substantial bite out of people’s discretionary income. Should the Inflation Reduction Act pass later this month, the imposition of a $2,000 cap on Medicare beneficiary out-of-pocket spending on outpatient drugs would address the issue of financial toxicity to some degree, at least for one segment (Medicare) of the market. Currently, 1.5 million medicare beneficiaries pay more than $2,000 out-of-pocket for prescription drugs, while 1.3 million spend more than $7,000. Many of these Medicare beneficiaries are cancer patients. High patient out-of-pocket costs aren’t just a reflection of a poorly designed Medicare prescription drug benefit. More generally, they also reflect a market for cancer drugs which doesn’t function optimally. … [Read more...] about U.S. Prescription Drug Pricing Doesn’t Favor The Patient: Case Of Sub-Optimal Market For Cancer Pharmaceuticals

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 The Q1FY23 results of Godrej Consumer Products (GCPL; CMP: Rs 854; Market capitalisation: Rs 87359 crore) were in line with Street expectations. On a 3-year CAGR (compounded annual growth rate), consolidated volumes grew by 3 percent and India volumes grew by 4 percent. India (57 percent of consolidated revenues) grew by 12 percent mainly due to pricing, while volume saw a decline of 6 percent year on year (YoY). Personal care grew by 25 percent, while home care declined by... … [Read more...] about Godrej Consumer Products: Largely pricing-led growth

- A + A (Aug 7): U.S. House Speaker Nancy Pelosi’s recent Taiwan visit inflamed U.S.-China tensions and incensed Beijing, yet did little to deter investors from plowing money into China’s semiconductor companies, Fortune said. On Friday, shares of China’s biggest chip companies surged the most since 2020, as investors bet that the growing Sino-U.S. chips showdown would spur the advancement of China’s semiconductor sector. China’s semiconductor index gained nearly 7% on Friday and 14.2% on the week, the best weekly performance in over two years. Mirae Asset Management’s Hong Kong-listed semiconductor exchange-traded fund (ETF) , a fund that invests in Chinese semiconductor manufacturers, jumped 9.5% on the week. The fund has surged 19.6% from its 2022 low in early May. The mainland’s top chip producer Semiconductor Manufacturing International Corporation (SMIC) advanced 15.8% on the week in Hong Kong, said Fortune . Siow Chen Ming … [Read more...] about Fortune: Nancy Pelosi’s visit to Taiwan was great news for China’s chip sector as investors welcome the prospect of a chip war boom

- A + A LOS ANGELES (Aug 7): "Bullet Train," a John Wick-ian romp with Brad Pitt in the aisle seat, arrived in theaters with a $30.1 million opening weekend. That's enough to top the domestic box office chart, but it's only a so-so result given "Bullet Train's" $90 million price tag and Pitt's star power. The Sony Pictures release will need to maintain its momentum in the coming weeks as it tries to break even or turn a profit. "Bullet Train" is trying to prove that an action flick that isn't based on a comic book or a toy-line can defy the odds and resonate with audiences. But part of the issue for the film is that critics weren't on board. "Bullet Train" landed a mediocre 41% approval rating on review-aggregation website Rotten Tomatoes, with many reviewers faulting the movie for being overly derivative of the work of Guy Ritchie and Quentin Tarantino. Variety chief film critic Peter Debruge was mixed on "Bullet Train," writing that "neither the characters nor the … [Read more...] about Box office: ‘Bullet Train’ arrives with so-so $30.1 million debut, ‘Easter Sunday’ stumbles

There’s a room in our home that I’ve called my “home office” since we first moved in. I had no good reason for the name–other than an “office” is what people conventionally call a room where work is supposed to get done. advertisement advertisement But in my mind, an “office” is where good ideas go to die. An office conjures up images of cubicles, mind-numbing water-cooler conversations, personal attacks, half-empty cups of awful coffee, and headache-inducing fluorescent lights. Creativity, in other words, hates offices. So instead of calling my room an office, I started calling it an idea lab. An idea lab is where innovative ideas are born. An idea lab involves experimentation. An idea lab is for daydreaming. I love my idea lab (and I hated my office). advertisement advertisement You might be wondering: What’s in a name? Who cares what a room is called? Names matter–much more than you might assume. This is called priming. … [Read more...] about We have to stop calling it a “home office.” Here’s a better term

Two years after the Great Office Shutdown, so to speak, remote work is growing fast. And with it comes the possibility of picking a home not because it’s close to your office, but because it’s somewhere you want to live—like by the beach, for example, where it’s sunny all year long, winter is just a dream, and rent is actually affordable. advertisement Before the pandemic, 4% of jobs were remote—but that rose to 15% by the end of 2021, and it’s slated to grow to 25% by the end of 2022, according to data from Ladders , a job search firm. Meanwhile, Google searches for remote jobs have increased by 72% as people keep dreaming of the possibilities of finally abandoning their office cubicles. To aid the search, global HR and payroll company Remote compiled a list of the best beachside locations for remote work, based on factors including average internet speed, average monthly rent, and crime rate (on a scale of 0 to 100, with 0 being the safest). Here are the … [Read more...] about Thinking of becoming a digital nomad? Set sail for these 10 best beaches for remote workers

Managing time is one of a CEO’s greatest challenges, but it’s not just their own time they are responsible for. One of a leader’s main responsibilities is setting a clear strategy for their organization, and good strategy is about making choices among competing priorities. advertisement advertisement With finite resources and numerous problems to fix, organizations can become inefficient without clear direction. It’s the CEO’s job to provide that direction for the use of limited resources. But with issues, opportunities, and initiatives popping up all the time, it’s not always easy to prioritize. Companies face issues in supply chain, marketing, product, quality, and entering new markets, to name a few. So how can a leader know which issues are most worth addressing? As a business unit leader for Fortune 500 companies, I saw many scenarios where the leadership team needed to decide between competing priorities. Over time, I developed a series of … [Read more...] about How to decide if a business issue is worth solving

Huge, advertising-based, general-purpose social networks aren’t the high-growth cash cows they once were, as Facebook’s recent “growth” numbers would suggest. Many consumers, it turns out, would rather spend their time watching short-form videos than sharing memes and hitting “like” buttons. And new restrictions on user tracking have made it harder for mass-market social networks to target ads. advertisement advertisement The founders of a new social network called Niche believe the next generation of social networks might cater to online communities formed around more specific interests, such as hobbies or creator businesses . So, on the Niche app, which became available in the App Store Tuesday, you would find groups formed around rock climbing or around people who enjoy collecting Star Wars memorabilia. Eventually, Niche will host groups based on many different things, including music artists and business events. advertisement … [Read more...] about These Facebook and Tinder vets are building a Web3 social network called Niche

Castrol India Lubes maker Castrol India on Monday reported a 47 percent growth in profit after tax at Rs 206.26 crore in the June quarter. The company had recorded a Profit After Tax (PAT) at Rs 140 crore the second quarter of 2021, Castrol India said in a statement. Castrol India follows January-December as its financial year. The revenue from operations rose 40 percent to Rs 1,241.71 crore in the June quarter. In the year-ago period, it stood at Rs 890 crore. The company said the second quarter performance was in the backdrop of a volatile market environment where it had to balance rising input costs, while maintaining an optimal price and volume mix. "We effected two price increases in the first half of the year our volumes and margins were under pressure compared to Q1 2022." "We will keep balancing the need to drive growth and customers’ needs while protecting the margins, as inflationary and forex pressures are likely to continue in the second half of 2022,” Sandeep … [Read more...] about Castrol India profit rises 47% to Rs 206 crore in June quarter