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MAHB, Capital A cease legal proceedings - A + A KUALA LUMPUR (Aug 10): Malaysia Airports Holdings Bhd and Capital A Bhd have both decided to drop legal proceedings against each other that they initiated via their subsidiaries Malaysia Airports (Sepang) Sdn Bhd (MASSB) and AirAsia Aviation Group Ltd (AirAsia Group). The two groups have locked horns since the end of 2018, when AirAsia Group's Malaysian operations refused to collect the higher passenger service charges (formerly known as airport tax) from passengers that MAHB and MASSB demanded, after the rate was raised to RM73 per pssenger in 2018 from RM50. This escalated into a series of lawsuits between the groups, starting with three civil suits MAHB filed against AirAsia Group's units — AirAsia Bhd and AirAsia X Bhd — to claim for the unpaid PSC and late payment charges related to them. They obtained a summary judgement from the High Court in 2019, which the Court of Appeal upheld earlier this year. MAHB … [Read more...] about MAHB, Capital A discontinue all legal proceedings against each other

Share to Twitter Share to Linkedin Should a business establish an AI Ethics advisory board? You might be surprised to know that this is not an easy yes-or-no answer. Before I get into the complexities underlying the pros and cons of putting in place an AI Ethics advisory board, let’s make sure we are all on the same page as to what an AI Ethics advisory board consists of and why it has risen to headline-level prominence. As everyone knows, Artificial Intelligence (AI) and the practical use of AI for business activities have gone through the roof as a must-have for modern-day companies. You would be hard-pressed to argue otherwise. To some degree, the infusion of AI has made products and services better, plus at times led to lower costs associated with providing said products and services. A nifty list of efficiencies and effectiveness boosts can be potentially attributed to the sensible and appropriate application of AI. In short, the addition or … [Read more...] about Here’s Why Businesses Are Having A Tumultuous Love-Hate Relationship With AI Ethics Boards

- A + A BEIJING/TAIPEI (Aug 10): China's military has "completed various tasks" around Taiwan but will conduct regular patrols, it said on Wednesday, potentially signalling an end to days of war games but also that Beijing will keep up its pressure on the island. Furious at a visit to Taipei last week by US House Speaker Nancy Pelosi, China extended its largest-ever exercises around the self-ruled island it claims as its own beyond the four days originally scheduled. Last week's drills included launches of ballistic missiles, some of which flew over the island's capital of Taipei, and simulated sea and air attacks in surrounding skies and waters. In a brief statement, the Eastern Theatre Command of the People's Liberation Army said its joint military operations around Taiwan "successfully completed various tasks and effectively tested the integrated combat capabilities of the troops". It added: "Theatre forces will keep an eye on the changes in the situation in … [Read more...] about China military ‘completes tasks’ around Taiwan, plans regular patrols

News Desk (Bloomberg/Straits Times/ Asia News Network) Hong Kong, China   ● Fri, October 18, 2019 2019-10-18 17:06 1027 7f440ff09e92db75a02bbad20600f091 2 World #HongKong,#MurderCase,protest,extradition Free The suspect in a Taiwan murder case that sparked Hong Kong's biggest political crisis in decades is willing to turn hielf in to Taiwanese authorities, a Hong Kong newspaper reported. Chan Tong Kai, a Hong Kong man who has been accused of killing his pregnant girlfriend during a Valentine's Day trip to Taiwan, is ready to return to the island and surrender after his release from jail on a related money-laundering charge, the Sing Tao Daily reported on Friday (Oct 18). Chan made the decision after consulting with a pastor, the paper said, citing a person it didn't identify. "The pastor eventually convinced him to agree in principle to surrender hielf in Taiwan, although Chan hoped that he would not be sentenced to death by Taiwan authorities," the … [Read more...] about Murder suspect in case behind Hong Kong protests to surrender, paper says

Tesla CEO Elon Musk. Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter. Musk disclosed in series of regulatory filings that he unloaded about 8 million shares of his company Tesla Inc. in recent days. In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners dont come through, it is important to avoid an emergency sale of Tesla stock," Musk tweeted late Tuesday. Musk is by far the largest individual shareholder in both Tesla and Twitter. Shares of Tesla rose almost 2% before the opening bell Wednesday. Shares of Twitter Inc., up 16% in the past month with most believing Musk faces long-shot odds of success in court, jumped another 3%. Close Musk countersued Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition. He claimed that Twitter held back critical information and misled his team … [Read more...] about Elon Musk sells $7B in Tesla shares ahead of Twitter fight

Keeping shelves stocked has been anything but a straightforward task for retail businesses over the past two years. Ongoing supply chain snags and changing customer preference due to the pandemic have forced many businesses to completely rethink the way they stock their shelves to accommodate supply shortages, shifting demand, and ongoing inflation --here are the strategies that seem to be working. Think short term When the pandemic started, Austin-based cleaning products company Branch Basics saw demand skyrocket overnight. Quickly, CEO Tim Murphy made the decision to hire an experienced demand planner, who still works for the company. "Once a month, we do supply and demand chain analysis, and make our best estimates of what we need to order, given that lead times have gone berserk," he says. With a supply chain expert on board, Murphy says that the company has been able to better predict potential issues, which could stem from small details; if trigger sprayers … [Read more...] about Lingering Inflation and Tangled Supply Chains Mean You Need to Rethink Your Inventory Strategy

Zahid is facing 33 charges of receiving S$13.56 million (RM42 million) in bribes from UKSB as an inducement. (Photo by Patrick Goh/The Edge) - A + A SHAH ALAM (Aug 10): Malaysian Anti-Corruption Commission (MACC) investigating officer Mahendran Vrejenan told the High Court here that when he began investigating Datuk Seri Dr Ahmad Zahid Hamidi on suspicion of receiving bribes from Ultra Kirana Sdn Bhd (UKSB), he omitted other ministers also alleged to have received bribes from the company as he was only tasked with probing Zahid. Mahendran was responding to questions posed by both the prosecution and the defence over the names of politicians in a ledger kept by a former UKSB manager as a record of whom he paid bribes to. Testifying at Zahid's corruption trial, Mahendran told the court that while the names of a number of politicians and ministers had appeared in the ledger, he did not concern himself with them as his main task was to investigate Zahid and the … [Read more...] about MACC officer: I only investigated Zahid in UKSB bribe probe

This story is part of Fast Company’s Most Creative People in Business 2022 . Explore the full list of innovators who broke through this year—and had an impact on the world around us. advertisement When Ifeoma Ozoma went public with her allegations of racial discrimination against Pinterest in 2020, she shattered her former employer’s reputation as the rare tech company committed to racial and gender diversity. Having worked in global public policy and governmental relations roles at Facebook and Google and as a public policy and social impact manager at Pinterest, Ozoma has now become one of the most prominent advocates for reforming the tech industry (and other sectors) by empowering employees to speak out without repercussions. After breaking her NDA to share her experiences at Pinterest, Ozoma—along with fellow whistleblower and former colleague Aerica Shimizu Banks—helped draft and sponsor California’s Silenced No More Act , which bars the use of … [Read more...] about Whistleblower protections are spreading across the country, sparked by Ifeoma Ozoma

Even as Bitcoin fell as much as 75 percent from its all-time high in November last year, crypto prices, notably those of Bitcoin and Ethereum have rebounded considerably in July (Image: Shutterstock) Anticipation over the Merge, a much-awaited upgrade to the Ethereum (ETH) network, is the main driver behind a rally in cryptocurrencies over the last few weeks, financial services firm JP Morgan said, and claimed the market had hit the floor despite subdued trading volumes. Even as the world’s largest digital currency Bitcoin (BTC) fell as much as 75 percent from its all-time high in November last year, crypto prices, notably those of BTC and ETH have rebounded considerably in July, gaining 36 percent and 102 percent, respectively, from their mid-June lows. With BTC crossing the psychologically important level of $24,000, the crypto market has reclaimed the $1 trillion level in market value, led by a rise in the prices of blue-chip tokens. Limited contagion from Terra … [Read more...] about Crypto markets have hit the floor, says JP Morgan

Share to Twitter Share to Linkedin Daniella Pierson, who founded women-focused newsletter company The Newsette when she was 19, is now one of the wealthiest women of color in the U.S. and, at age 27, is younger than just about any self-made female entrepreneur with a nine figure fortune. A Latinx founder, Pierson built The Newsette from nothing to $40 million in revenues and profits of at least $10 million last year, she says. Two weeks ago she sold a small stake in The Newsette to an investor in a transaction that values the company at $200 million. It’s the first outside money she’s taken (besides a $15,000 loan from her parents, which she repaid), and she remains the company’s majority shareholder. She is also a cofounder and co-CEO of less-than-year-old mental health startup Wondermind with singer and actress Selena Gomez and Mandy Teefey (CEO of Kicked to the Curb Productions and Gomez’s mother). Her stake in that company, combined with cash and … [Read more...] about Meet The 27-Year-Old Latinx Entrepreneur Who Is Now Worth $220 Million