Uditha Jayasinghe (Reuters) (The Jakarta Post) PREMIUM Colombo ● Tue, June 28 2022 Troops in Sri Lanka handed tokens on Monday to people queuing for petrol amid a severe fuel shortage in the nation battling its worst economic crisis in seven decades, while schools shut in Colombo and public employees were asked to work from home. With its foreign-exchange reserves at a record low, the island of 22 million is struggling to pay for essential imports of food, medicine and most critically, fuel. "I have been in line for four days, I haven't slept or eaten properly during this time," said auto-rickshaw driver W.D. Shelton, 67, one of those who received a token meant to hold his place in the queue for when fuel becomes available. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs … [Read more...] about Crisis-hit Sri Lanka shuts schools, urges work-from-home to save fuel
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Sri Lanka stops fuel supply to non-essential services as crisis worsens
- A + A COLOMBO (June 27): Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and buses for two weeks starting Tuesday, a minister said, in a desperate attempt to deal with a severe shortage. Sri Lanka is suffering its worst economic crisis, with foreign exchange reserves at a record low and the island of 22 million struggling to pay for essential imports of food, medicine and, most critically, fuel. Industries like garments, a big dollar earner in the Indian Ocean nation, are left with fuel for only about a week to 10 days. Current stocks of the country will exhaust in just under a week based on regular demand, Reuters calculations show. Sri Lanka will issue fuel only to trains and buses, medical services and vehicles that transport food starting Tuesday until July 10, Bandula Gunewardena, the spokesman for the government cabinet, told reporters. Schools in urban areas will be shut and everyone is urged to … [Read more...] about Sri Lanka stops fuel supply to non-essential services as crisis worsens
Quek Tai Seong appointed as Dr Wee’s pol-sec
PETALING JAYA: Quek Tai Seong took the Oath of Secrecy in front of Prime Minister Datuk Seri Ismail Sabri Yaakob as the political secretary to Transport Minister Datuk Seri Dr Wee Ka Siong. Dr Wee, in a congratulatory post on his Facebook page, said Quek, 43, who is MCA division chairman, Pahang MCA secretary and MCA central committee, has vast experience in administrative matters. “Previously, he served as a senior manager at a multinational company, British Petroleum. “Quek is also an experienced person in administrative matters because he was my special officer when I held the Minister in the Prime Minister's Department portfolio in 2016,” he said. Besides Quek, the Kelantan MCA chairman was also appointed as a political secretary to the Prime Minister. “Chua Hock Kuan is one of the young leaders who is popular among the people on the east coast for his fluency in the Kelantan dialect. He is also known for his easy-going personality and his love to help others regardless … [Read more...] about Quek Tai Seong appointed as Dr Wee’s pol-sec
DNeX to explore business synergy with Saudi Arabia-based Abilitii
KUALA LUMPUR: Dagang Nexchange Bhd (DNeX) has signed a memorandum of understanding (MoU) with Saudi Arabia-based Ajlan & Bros Holding Group (Abilitii) to explore business synergy between both companies. Under the MoU, DNeX said both parties will look into business collaboration in such areas as technology, software products and platforms for facilitating trade, oil and gas production and trade, software development, system integration and consultation services. In addition, the two companies will leverage on each other’s expertise to explore business opportunities and consider establishing a joint venture company (JVCo) in Saudi Arabia to achieve agreed-upon collaborative arrangements. Group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said together with Abilitii, the group will explore the vast opportunities in Saudi Arabia namely efforts in the country’s modernisation and digitalisation as part of the Kingdom’s Vision 2030 through its services and … [Read more...] about DNeX to explore business synergy with Saudi Arabia-based Abilitii
It’s getting to be a viewing habit
WASHINGTON ON “SNL.” Mirthful montage of hilarious situations. As the TV season continues to unfold, we find our viewing habits experiencing some interesting and instructive changes, often due to programs that have particularly caught our fancy. Topping our list this month is the “viewing marathon” that the iconic comedy show, “Saturday Night Live,” offers every Saturday morning on the Jack channel. It’s such a fun treat to see the best comics on TV playing a wide-range of zany characters in a mirthful montage of hilarious situations, with the “guest-host” participation of name stars. For instance, last Saturday, one of the “SNL” shows that were replayed was hosted by “Scandal” star, Kerry Washington. Her opening skit was especially funny from a “topical” point of view, because it spoofed the fact that the comedy show has been rapped for not having a black female comic among its regular cast of upcoming zanies for quite a while now. Thus, Washington, who’s black, was put to … [Read more...] about It’s getting to be a viewing habit
DNeX, MyNews, AAX, Spritzer, Sapura Energy, Pertama Digital, Southern Cable, TNB, Reach Energy
- A + A KUALA LUMPUR (June 27): Here is a brief look at some corporate announcements and news flow on Monday (June 27) which include Dagang NeXchange Bhd, MyNews Holdings Bhd, AirAsia X Bhd, Spritzer Bhd, Sapura Energy Bhd, Pertama Digital Bhd, Southern Cable Group Bhd, Tenaga Nasional Bhd and Reach Energy Bhd. Dagang NeXchange Bhd (DNeX) signed a memorandum of understanding with Saudi Arabia-based Ajlan & Bros Holding Group (Abilitii) to explore business synergy between the two companies. DNeX said the companies will look into business collaboration in technology, software products and platforms for facilitating trade, oil and gas production and trade, software development, system integration and consultation services. MyNews Holdings Bhd posted its ninth consecutive quarter in the red, with a net loss of RM10.22 million for the second quarter ended April 30, 2022, from RM10.32 million a year ago. The results came amid higher revenue, offset by higher cost … [Read more...] about DNeX, MyNews, AAX, Spritzer, Sapura Energy, Pertama Digital, Southern Cable, TNB, Reach Energy