Two tankers contain 850 litres and 680 litres of petrol respectively find the maximum

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 ZURICH (June 27): Credit Suisse Group AG has said mining company Bluestone Resources will make overdue payments of up to US$320 million, in a settlement that moves the bank closer to recovering funds caught up in the collapse of Greensill Capital. Bluestone had committed to making payments starting from this month to investors in funds including the supply-chain finance products that were frozen amid the failure of Greensill last year, the bank said in a statement on Friday. Credit Suisse said earlier this week it had so far recovered about 73% of the cash funds' assets as of their suspension. The maximum payments Bluestone agreed to amount to 38% of the outstanding debt, which would leave hundreds of millions in paper losses. Credit Suisse said that Bluestone also agreed to share proceeds from the sale of any entities and that the bank has made insurance claims to try to recover additional funds. The mining company, which is owned by the family of West … [Read more...] about Credit Suisse set to receive payments from Bluestone

Amy Errett, chief executive of Madison Reed, the hair-color startup she founded in 2014, worked for the first decades of her career in finance and in venture capital . Despite those industries' reputations, it was within them that she carved out her signature leadership style, which she describes as "leading with love from an open heart." Foundationally, the style involves treating employees with respect, empowering their voices in decision-making, and showing up as her full, transparent, self. She tells Inc.'s What I Know podcast that "leading with heart" isn't some mushy concept. In fact, it's especially applicable when having tough conversations. "It's really true and authentic, including having to deliver bad news," she says. "I love you. So I am going to tell you the whole truth, right? I am not going to have a conversation that isn't direct, open, loving, from the intent of the heart." If this sounds a bit like parenting, it's not far off, Errett admits. … [Read more...] about This Founder Has $236 Million From Investors Including Jay-Z. Here’s How She’s Gearing Up For Hyper-Growth

Share to Twitter Share to Linkedin The Philadelphia 76ers entered the 2022 NBA draft on Thursday night with the No. 23 overall pick. They walked out with a young, playoff-tested rotation player who can contribute to both their win-now and win-later windows. According to multiple reports, the Sixers traded the No. 23 pick and Danny Green to the Memphis Grizzlies in exchange for De'Anthony Melton. The Sixers are guaranteeing Green's $10 million salary for the 2022-23 season, according to Jake Fischer of Bleacher Report, to use him as the salary ballast needed to make the trade cap-legal. Melton should be an instant-impact addition for the Sixers on both ends of the floor. The 24-year-old averaged career highs in points (10.8), rebounds (4.5), made three-pointers (1.9) and minutes per game (22.7) with the Grizzlies this past season, and he shot a crisp 37.4 percent from deep. Melton knocked down 40.6 percent of his catch-and-shoot three-point … [Read more...] about What The De’Anthony Melton Trade Means For The Sixers’ Free-Agency Plans

Share to Twitter Share to Linkedin Given Chloe, Poppy and Cara Delevingne’s respective professional successes over the years, it’s surprising it took a global pandemic to join forces. The sisters’ very first collaborative venture—Della Vite—launched in the UK in August 2020 with the unveiling of two premium Proseccos: Della Vite Prosecco Superiore DOCG and Della Vite Treviso DOC. And, despite a general apathy towards the Italian sparkling wine at the time, it went down a storm. “I think for anyone bringing a new product to the market, there are always concerns associated with it, but there was something quite liberating about bring something new, fresh and exciting to a category which didn’t have the best reputation,” says Chloe. “Entry-level Prosecco is a saturated market, but there aren’t many better-quality options out there. People don’t tend to have a favourite brand of Prosecco in the same way as they do champagne or gin. That’s what we’re … [Read more...] about The Delevingne Sisters On Prosecco, Pandemics And Pink Drinks

Representative image Small Fast Moving Consumer Goods (FMCG) companies that operate at regional levels are struggling in the face of unprecedented inflation across categories. Several of these companies have witnessed a slump in sales, according to data from Kantar, the data analytics and brand consulting firm, despite the overall categories posting growth. For instance, Ponvandu and Oorvashi, noted South Indian detergent bar brands, lost 17 percent and 8 percent of their sales by volume, respectively, in February, March and April compared to the same period last year, shows data from Kantar. The overall detergent bar category, however, grew 2.3 percent in the period, according to Kantar. Other local brands are in a similar situation. (As shown below) Close Small brands ideally are expected to gain out of inflation, which typically prompts consumer to switch to smaller and cheaper versions when confronted with price hikes in products of daily use. The … [Read more...] about Small FMCG companies struggle despite consumers switching to cheaper products

Starting this month, your employer will be able to make provident fund remittances only if your PF UAN (universal account number) is linked to your Aadhaar. The linkage has become mandatory since section 142 of the Code of Social Security 2020 comes into force, the Employees’ Provident Fund Organisation (EPFO) has said, in a notification, effective June 1, to employers. “This includes monthly employer as well as employee PF contributions. The employer will not be able to upload electronic challan-cum-return (ECR), which contains employee’s PF details, for such employees if their UANs are not linked to Aadhaar,” explains Saraswathi Kasturirangan, Partner, Deloitte India. While many employers do ask for Aadhaar details at the time induction of employees, it was not mandatory for registration as an EPF member. “Under the current legal framework with respect to EPF and ESI (employees’ state insurance), Aadhaar is not required for registration as member but is required for making … [Read more...] about Aadhaar not linked to EPF account? Your provident fund deposits will not get credited

Share to Twitter Share to Linkedin What’s the current fuss about customers? Shouldn’t firms care for all their stakeholders? In fact, I am often asked: Is there even any difference between customer capitalism, shareholder capitalism, or stakeholder capitalism? After all, can’t you be entirely responsive to your customers under the same governance structure and management, whether you put customers, shareholders, or stakeholders first? What such questioners miss is that the advent of customer capitalism involves much more than a decision to prioritize of one class of stakeholder over another within the firm’s existing structure and way of operating. In fact, customer capitalism is built on a different kind of thinking, that has led to new structures, new ways of operating, new kinds of leadership, and paradoxically, extraordinary profitability. The Rise Of Customer Primacy The pivotal idea that the purpose of a firm begins with customers came from the … [Read more...] about Why Firms Find Implementing Customer Primacy So Hard