Resignation government

- 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

When the history of the COVID-19 pandemic is written, the disease’s economic and cultural impact will surely include the Great Resignation . An unprecedented 45 million Americans voluntarily left their jobs in 2021. In January 2022 alone, 4.3 million workers quit their jobs according to Bureau of Labor Statistics figures. advertisement advertisement IMany employees quit for what they believed were greener pastures. Others sought a sabbatical from “9 to 5” employment, while still others entered a period of “perpetual retirement” where they exited the workforce but, for a variety of reasons, are anticipated to return, perhaps cyclically. Profound Transformation Behind the exodus is a more profound transformation: U.S. workers are demanding a reevaluation of the contractual nature of work—and the power is in their hands. The relationship between employer and employee is changing, and employers are no longer in the driver’s seat. To … [Read more...] about The workplace reckoning in the wake of the Great Resignation

Share to Twitter Share to Linkedin The federal government may once again have an opportunity to learn a painful lesson about the price of increasing debt and rising interest rates in an uncertain economy. The Congressional Budget Office, in its just-issued Budget and Economic Outlook , forecasts a hair-raising increase in federal borrowing costs over the next decade. CBO estimates that net interest as a share of Gross Domestic Product (GDP) will roughly double over the next decade—from 1.6 percent to a decidedly uncomfortable 3.3 percent. That’s a significant increase from last year’s forecast of 2.7 percent. $8 trillion in interest To put it another way, the US government will spend more than $8 trillion in interest over the next decade, nearly 11 percent of its total spending. For context, in 2032, the feds will pay more in interest than for any other federal program, except for Social Security and Medicare. CBO projects the federal government … [Read more...] about The Government’s Era Of (Nearly) Free Money Is Over, At Least For Now.

LONDON (Reuters) -Three lawmakers from Britain's governing Conservatives pulled their support for Prime Minister Boris Johnson on Thursday over a damning report that detailed a series of alcohol-fuelled parties at 10 Downing Street that broke COVID-19 lockdown rules. A day after the report was published, describing a boozy culture at his Downing Street office during lockdowns, Conservative lawmakers John Baron, David Simmonds and Stephen Hammond said they could no longer support the prime minister. Their voices add to a growing list of Conservative lawmakers who have called for Johnson to resign over what has been dubbed 'partygate', despite the prime minister's repeated apologies, although there are still not enough to prompt a confidence vote. Baron, first elected in 2001, said he was withdrawing his support because he believed Johnson had "knowingly" misled parliament -- a charge the prime minister denies but which is being investigated by a parliamentary committee. "Given … [Read more...] about More UK Conservatives pull support from Boris Johnson over ‘partygate’

Maguindanao map MANILA, Philippines — Another alleged member of the Dawlah Islamiyah-Torayfe was killed as “preventive military operations” continued against the Islamic State-inspired group in Maguindanao. The Joint Task Force Central and 6th Infantry (Kampilan) Division in a statement on Thursday identified the second fatality as a certain Abdul Patir. The first casualty was previously identified as Sadam Salandang. It also said that 17 members of Dawlah Islamiyah-Torayfe were injured since the military’s field artillery team launched air and ground assaults against the group at Sitio Patawali, Barangay Ganta on Monday, May 23. This prompted the evacuation of some 600 residents in the area . The group led by Abu Torayfe was being blamed for the series of bombings in Maguindanao, Cotabato, and South Cotabato, targeting government forces and civilians. KGA Subscribe to our daily newsletter … [Read more...] about 1 more killed in military operation vs Dawlah Islamiyah-Torayfe in Maguindanao

Key Takeaways Analysts estimate adjusted EPS of RMB 6.11 ($0.92) vs. RMB 10.31 in Q4 FY 2021. Revenue is expected to rise, but at a markedly slower pace compared to recent quarters. Alibaba's growth is decelerating sharply amid the Chinese government's tech crackdown and its Covid Zero policy. Alibaba Group Holding Ltd. ( BABA ), China's giant e-commerce and cloud computing company, has seen its earnings and revenue performance weaken significantly over the past year. That deterioration is expected to continue, at least in the short term. Alibaba is being hurt by the economic fallout of China's Covid Zero policy, and by Beijing's broad crackdown on big tech companies. These developments have set back Alibaba's ambition to reach Amazon-like success in China. Investors will be watching to see if Alibaba is able to prevent a further deterioration of its financial performance when it reports earnings on May 26, 2022 for Q4 FY 2022. Alibaba's 2022 fiscal year ( FY … [Read more...] about Alibaba Q4 FY2022 Earnings Report Preview: What to Look For

Oil prices have been steadily pulling back from six-month highs as trade worries intensify, with the U.S. threat to raise tariffs against Chinese goods appearing likely to become reality tonight. Both sides have been hardening their stance, and if we see an all-out tariff war, oil could slide lower along with a global rout in equities and commodity currencies. The trade spat is raising global growth concerns, which could put a dent in the demand side of the argument for higher oil prices. If talks do not completely fall apart, we could see oil markets quickly focus on the geopolitical risks from Iran, Russia, Venezuela and Libya. Iran The escalation in the rift between the U.S. and Iran is showing no signs of slowing down. The ending of U.S. sanction waivers at the beginning of the month is adding further pressure to an already weak Iranian economy . A year ago, President Trump decided to pull the U.S. from the landmark nuclear deal reached under President Obama. The U.S. … [Read more...] about Oil’s Geopolitical Risks to Outweigh Trade Concerns

Key Takeaways Analysts estimate adjusted EPS of RMB14.42 ($2.23) vs. RMB14.82 in Q1 FY 2021. Annual active consumers in China are expected to rise YOY. Revenue is expected to rise amid the Chinese government's crackdown on big tech. Alibaba Group Holding Ltd. ( BABA ) has not gone unscathed by the broad selloff in Chinese technology stocks. The sector shed hundreds of billions of dollars in market value in July amid a campaign by the Chinese government to rein in the power and influence of the country's tech giants. As part of the big tech crackdown, Alibaba was slapped with a fine worth $2.8 billion earlier this year for abusing its dominance over rivals and vendors on its e-commerce platforms. Investors will get a chance to focus on Alibaba's recent financial performance when it reports its Q1 FY 2022 earnings on August 3, 2021—the company's fiscal year ( FY ) ends in March. Analysts expect adjusted EPS to decline for the first time in at least four … [Read more...] about Alibaba Q1 FY 2022 Earnings Report Preview: What to Look For

Zuraida (Photo by Zahid Izzani Mohd Said/The Edge) - A + A PUTRAJAYA (May 26): Ampang Member of Parliament Datuk Zuraida Kamaruddin has been stripped of her Bersatu supreme council (MPT) post with immediate effect after announcing that she is joining Parti Bangsa Malaysia (PBM), said Bersatu secretary-general Datuk Seri Hamzah Zainudin. Hamzah said he took note of Zuraida’s statement and would refer the matter to the MPT for further action. “As of now, she has not yet resigned from Bersatu,” he told reporters at the Immigration Department’s Aidilfitri gathering here on Thursday (May 26). Hamzah said Bersatu president Tan Sri Muhyiddin Yassin had two weeks ago agreed to replace Zuraida with another individual in the MPT . “This was after a show-cause letter was issued to Zuraida on May 9, asking her to reply to several questions on her involvement with activities organised by PBM. “However, in her letter of reply on May 23, Zuraida rejected claims that she … [Read more...] about Zuraida stripped of her seat in Bersatu supreme council, says party secretary-general

(Bernama illustration filepix) - A + A KUALA LUMPUR (May 26): Only two children diagnosed with hand, foot and mouth disease (HFMD) have had severe symptoms and required treatment in the Intensive Care Ward (ICU) from Jan 1 till Wednesday (May 25), said Health Minister Khairy Jamaluddin. He said the two cases were found positive for "Enterovirus 71" (EV71), with the first recovering well in the ICU and no longer requiring respiratory assistance, while the second case was in stable condition but still needed respiratory aid. "Both cases were positive for EV71. Surveillance of the viruses that cause HFMD found that EV71, Coxsackie A16 (CA16) and Coxsackie A6 (CA6) are the predominant (major) viruses in the Malaysian environment," he said in a virtual press conference from Geneva on Thursday (May 26). Khairy said from as of Wednesday, a total of 57,510 cases of HFMD were reported this year, a 24-fold increase from the same period in 2021 (during the Covid-19 … [Read more...] about Only two children with HFMD have experienced serious symptoms, treated in ICU, says Khairy