Sunday, April 14

Tag: IKON

Pharmaniaga’s Subsidiary Secures 7-Year Concession Agreement for Medical Logistics Services with Ministry of Health
News

Pharmaniaga’s Subsidiary Secures 7-Year Concession Agreement for Medical Logistics Services with Ministry of Health

Pharmaniaga Logistic Sdn Bhd (PLSB), a subsidiary of Pharmaniaga Bhd, has inked a seven-year concession agreement with the Ministry of Health (MOH) for medical supply logistics services, effective from July 1, 2023. Under the agreement, PLSB is granted exclusive rights to oversee the procurement, storage, supply, and delivery of medical products to public sector customers. Additionally, PLSB has the authority to offer Pharmacy Information System services and is empowered to either construct or acquire four new warehouses dedicated to medical product storage. While the specific contract value remains confidential, this deal marks a significant development for Pharmaniaga, which has held a similar agreement since 1994 with extensions. Currently designated as a Practice Note ...
Nadal overpowers Kubler to reach Brisbane quarters
Sports

Nadal overpowers Kubler to reach Brisbane quarters

Rafael Nadal (picture) continued his impressive comeback by overpowering wildcard Jason Kubler 6-1, 6-2 to move into the quarter-finals of the Brisbane International on Thursday. Playing his first tournament since being forced to retire injured at the 2023 Australian Open, Nadal was far too strong for the Australian, who did not have the shots to harm the Spaniard. The 37-year-old Nadal, who beat former US Open champion Dominic Thiem in the first round, powered through the first set, opening a 5-0 lead before Kubler finally held serve to get on the board. The second set was almost as impressive as Nadal wrapped up the match in 1hr 23min. He will play another Australian, Jordan Thompson, in the quarter-finals and remains on track for a possible semi-final against second see...
Roche Launches First-in-Human Clinical Trial in Malaysia for Innovative Drug Targeting Systemic Lupus Erythematosus
Science

Roche Launches First-in-Human Clinical Trial in Malaysia for Innovative Drug Targeting Systemic Lupus Erythematosus

Roche Pharmaceutical, a global pharmaceutical leader, has marked a groundbreaking moment by selecting Malaysia as the location for its First-in-Human (FIH) trials focused on a rheumatology indication. Health Minister Datuk Seri Dzulkefly Ahmad highlighted this significant achievement during the Clinical Research Excellence in Early Phase and People Development event. Dzulkefly emphasized the acknowledgment of Malaysia's clinical trial capabilities by a multinational healthcare giant, stating, "Malaysia’s clinical trial ecosystem has developed rapidly, with over 2,300 sponsored clinical research conducted since the establishment of Clinical Research Malaysia (CRM) in 2012." The FIH trial, centered around an experimental drug for Systemic Lupus Erythematosus (SLE), will be con...
Penang exco: 154,685 units of affordable houses established in state since 2008
News

Penang exco: 154,685 units of affordable houses established in state since 2008

Penang has recorded an increase in the supply of affordable houses (RMM) by 154,685 units or 70.31% at various stages from 2008 to December 31 last year. State Housing and Environment Committee chairman Datuk Seri S. Sundarajoo said from the total, 50,700 units of RMM have been completed followed by 20,249 units under construction while 83,736 units are still at planning or approval stage. “The RMM segment has strong demand and I urged all developers to continue actively supply RMM and the state government haS also extended Home Ownership Campaign 3.0 Plus (HOC 3.0 Plus) starting January 1 to December 31 this year. “The policy which was implemented since 2020 is aimed at stimulating the property sector and at the same time assist the people to own houses in Penang,” he told a...
Malaysia Contemplates Merger Control Law to Safeguard Market Competitiveness
News

Malaysia Contemplates Merger Control Law to Safeguard Market Competitiveness

In a bid to fortify market competitiveness and deter the formation of cartels, Malaysia is considering the introduction of a merger control law, with hopes to table it in Parliament by June, according to a recent report by The Star. Iskandar Ismail, Chief Executive of the Malaysia Competition Commission (MyCC), revealed in an interview that Malaysia is the only country in Southeast Asia lacking a merger control law. The proposed legislation, about 80% complete, is expected to undergo final adjustments for presentation in the Dewan Rakyat. Under this prospective law, companies planning mergers would be required to seek approval from MyCC. Iskandar highlighted that the goal is to analyze and ensure that mergers do not lead to reduced competition in the market, stemming from the fo...
LTAT Firm on January 5 Deadline for BPlant Privatisation Bid at RM1.55 per Share
News

LTAT Firm on January 5 Deadline for BPlant Privatisation Bid at RM1.55 per Share

In a resolute move, Lembaga Tabung Angkatan Tentera (LTAT) has declared a non-negotiable deadline of January 5, 2024, for its privatisation bid for Boustead Plantations Bhd (BPlant), offering RM1.55 per share. LTAT, having secured over 90% of BPlant's shares, emphasized that there will be no extensions beyond the specified closing date. LTAT's significant acquisition, amounting to a 92.2% stake, equivalent to 2.07 billion shares, was disclosed in BPlant's latest bourse filing on January 3. With this majority ownership, Bursa Securities is expected to cease trading within five days of the stipulated closing date, which may pose challenges for holders of unlisted shares. This development follows LTAT's determined stance amid a prior unsuccessful RM1.15 billion takeover attempt by ...
Roku launches first high-end TVs in search of revenue growth
Innovation/ Technology

Roku launches first high-end TVs in search of revenue growth

Roku Inc., the maker of TV streaming boxes and software, is debuting its first high-end televisions in a bid to continue sales momentum for the company’s devices. In the spring, Roku will roll out 55-inch, 65-inch and 75-inch Pro Series TVs that will cost consumers as much as $1,500. The new televisions put Roku in competition with Samsung Electronics Co. and LG Electronics Inc., which offer several models in that price range. It’s a step up from the company’s current TVs — the Select and Plus — which top out at $999. Roku announced the new models on Wednesday ahead of the CES technology conference scheduled for next week in Las Vegas. The new TVs include a thinner design with a flat back for mounting on walls, improved picture quality and better audio for cinematic sound, th...
Rolex is raising UK watch prices, but its US pricing is unchanged
Business

Rolex is raising UK watch prices, but its US pricing is unchanged

Rolex SA, the top maker of Swiss watches, has raised prices in the UK while leaving its US pricing unchanged. The Geneva-based watchmaker, known for models such as the Submariner and Daytona, increased prices at dealers in the UK by an average of about 4% to start the year, according to a report by analysts at Barclays. The price increases were previously reported by Britt Pearce, a UK-based Youtube channel, and by Screw Down Crown, a watch-focused blog. A spokesperson for Rolex declined to comment. While the price of a Rolex Air King model rose to £6,500 ($8,206) on Jan. 1 from £6,250 in 2023, prices at US dealers were unchanged, Barclays analysts wrote in a report on Watches of Switzerland Group Plc, the top seller of Rolex watches in the UK. When the watchmaker raise...