More Young Workers Are Considering Leaving Your Company: Survey
The Malaysian Reserve
by Dayang Norazhar
2y ago
By BLOOMBERG A year into the Great Resignation spurred by the Covid-19 pandemic, more employees are considering quitting their jobs now than in 2021, according to a survey by Microsoft Corp., which also found that more than half of younger workers are mulling a job change within the next year. Microsoft’s second annual Worker Trend Index, which examines global employee attitudes, showed an increase in respondents who said they are somewhat or extremely likely to consider a job change in the coming year. The overall number jumped to 43% of respondents, up from 41% in last y ..read more
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Oil Advances After Three-Day Rout as Volatility Rattles Market
The Malaysian Reserve
by Dayang Norazhar
2y ago
By BLOOMBERG Oil rebounded amid a bumper run of volatility, with investors continuing to weigh the fallout from Russia’s invasion of Ukraine against fresh Covid-19 lockdowns across top crude importer China. Futures in New York traded above $99 a barrel, having fallen about 23% from this month’s high. The Kremlin said Thursday that reports of major progress in talks over Ukraine are “wrong.” The war has severely disrupted Russian oil flows, and the International Energy Agency predicted output from the key OPEC+ member will drop by about a quarter in April. “To say that oil prices have been vol ..read more
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EV Maker VinFast Mulls Up to $1 Billion Funding Round
The Malaysian Reserve
by Dayang Norazhar
2y ago
By BLOOMBERG VinFast, a Vietnamese electric vehicle maker, is exploring a funding round to raise $500 million to $1 billion ahead of a potential U.S. listing, according to people with knowledge of the matter. The unit of conglomerate Vingroup JSC could raise the funds by issuing convertible debt, said the people, who asked not to be identified as the process is private. The carmaker and its financial advisers have reached out to prospective investors to gauge interest, the people said. Deliberations are ongoing and there is no certainty that the fund raising will proceed, the people said. Vin ..read more
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U.K. Sets Out Law to Prosecute Bosses in Big Tech Crackdown
The Malaysian Reserve
by Dayang Norazhar
2y ago
By BLOOMBERG The U.K. is introducing long-awaited and sweeping legal proposals to force internet companies to remove illegal content from their platforms, giving regulator Ofcom power to impose massive fines and prosecute executives personally for failures to comply. Although its central aims and numerous revisions have been in circulation since 2019, the Online Safety Bill will be presented for lawmakers to see in full this Thursday, after a first formal draft was published in May. The bill is intended to make technology companies more accountable for removing illegal material from their pla ..read more
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UAE Cargo Ship Sinks in Persian Gulf, Rescue Work Underway
The Malaysian Reserve
by Dayang Norazhar
2y ago
By BLOOMBERG A United Arab Emirates-flagged cargo ship carrying cars sank in the Persian Gulf, Iran’s ports authority said. The vessel sank 30 miles (48.3 kilometers) off the Iranian coast, the Ports & Maritime Organization said in a statement, without naming the ship or giving a reason for the sinking. The Associated Press identified the ship as the Al Salmy 6, citing Nizar Qaddoura, operations manager of the UAE-based Salem Al Makrani Cargo Co. which is the vessel’s registered owner, according to the International Maritime Organization’s online database. Strong winds have disrupted Iran ..read more
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China Lockdowns May Delay Orders From Platforms Like Amazon
The Malaysian Reserve
by Dayang Norazhar
2y ago
By BLOOMBERG Orders placed with global e-commerce platforms like Amazon and Walmart may be delayed by virus lockdowns and restrictions in some of China’s key manufacturing hubs, according to an industry body.  Shenzhen, home to around half of all the online retail exporters in China, was locked down for at least a week on Sunday to try to contain a spreading Covid-19 outbreak. Its 17.5 million residents were told to work from home, with all non-essential businesses and public transport shut.  In nearby Dongguan, a key Chinese hub for the manufacture of shoes, toys and textiles, fact ..read more
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Japan Earthquake Halts Work at Toyota and Nissan Plants in North
The Malaysian Reserve
by Dayang Norazhar
2y ago
By BLOOMBERG Toyota Motor Corp. and Nissan Motor Co. halted operations at plants in northern Japan after a magnitude 7.4 earthquake struck off the coast of Fukushima prefecture late Wednesday.  Work at Toyota’s factories in Iwate and Miyagi prefectures was still suspended Thursday and the company is deciding whether to resume production later in the day, spokeswoman Shiori Hashimoto said in an emailed statement. Toyota’s popular Yaris compact car is among the vehicles made at the plants.  Nissan halted production at its factory in the city of Iwaki in Fukushima. The plant was alread ..read more
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Prospective Johor Exco to declare assets, undergo police, MACC vetting – Sultan of Johor
The Malaysian Reserve
by Zukri
2y ago
by BERNAMA JOHOR BAHRU – Those nominated to be Johor state executive councillors (Exco) would have to declare their assets and undergo background checks by police and the Malaysian Anti-Corruption Commission (MACC), said Sultan of Johor Sultan Ibrahim Almarhum Sultan Iskandar (picture). The Sultan said this at an hour-long audience he granted to newly appointed Menteri Besar Datuk Onn Hafiz Ghazi here yesterday. Sultan Ibrahim also advised all elected representatives to close ranks and work together to develop Johor now that the Johor state election was over. “I subscribe to (former Menteri B ..read more
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Insulting PwD: ‘Kak long’ must apologise, do charity activities as lesson – Ras Adiba
The Malaysian Reserve
by Zukri
2y ago
by BERNAMA KUALA LUMPUR – An individual known as ‘Kak Long’, who mocked the persons with disabilities (PwD) community in a viral video, should make a public apology and do charity activities to serve as a lesson, said Senator Datuk Ras Adiba Radzi (picture). Ras Adiba, who is also Senate representative for PwDs, in a statement today, said that mimicking a disabled person, to create content and become famous on social media, was uncalled for. “I hope that all parties can maintain sensitivity and respect for PwDs. This is not the first time such an incident has happened, in fact, lately, there ..read more
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Govt’s 5G decision provides certainty for all involve in the project – Ericsson Malaysia
The Malaysian Reserve
by Zukri
2y ago
by BERNAMA / pic by AFP KUALA LUMPUR – Ericsson Malaysia Sdn Bhd has welcomed the government’s decision on the 5G network, and believes that it will enable all parties working on the Malaysian 5G project to move ahead with certainty. “We remain committed to delivering a world-class 5G experience and bridging the digital divide in partnership with DNB and the broader Malaysian information and communications technology (ICT) eco-system, for the people of Malaysia,” the company told Bernama. The government announced yesterday that it has decided to maintain the implementation of the 5G network a ..read more
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