Sunday, April 14

Tag: innovation

Germany Embraces Affordable 3D-Printed Apartment Complex
Innovation/ Technology

Germany Embraces Affordable 3D-Printed Apartment Complex

In a pioneering move for affordable housing, a German city is set to introduce a cutting-edge apartment complex constructed with 3D-printed walls, offering modern living at an unprecedented price point. Peri 3D Construction, renowned for its innovative construction-tech endeavors, is taking its expertise to Lünen, Germany, using its BOD2 3D printer to craft a six-unit apartment building. This revolutionary approach aims to cap rents at a remarkable $528 for units ranging between 657 to 872 square feet. The project, commenced in September, harnesses the printer's capabilities, forecasting completion within 100 hours. While traditional methods will build the foundation, a "hybrid timber construction method" will grace the top floor, blending innovation with conventional practices....
Shell cooperating with Petronas on Carbon Capture Storage
Innovation/ Technology

Shell cooperating with Petronas on Carbon Capture Storage

Shell is collaborating with Petronas to explore the potential of Carbon Capture Storage (CCS) in Malaysia. “We will continue to collaborate to evaluate the technical and commercial viability of potential projects in the country.” “The Sabah Government is an important stakeholder and valued partner for Shell Malaysia. “We continue to engage them on topics of mutual interest and opportunity on a regular basis,” said Siti Hurrairah. Siti Hurrairah, Country Chair of Shell Malaysia According to her, Malaysia's National Energy Policy has designated oil and gas as priority indigenous resources because they are essential to ensuring the nation's energy security, socioeconomic stability, and ability to make the transition to a low-carbon energy system. In particular, gas is a...
Ringgit opens higher on improving risk appetite
Business, Finance, Innovation/ Technology, News

Ringgit opens higher on improving risk appetite

The ringgit opened higher against the US dollar today, as the greenback resumed its retracement amid dovish Federal Reserve (Fed) officials in the United States (US) and rising risk appetite, according to an analyst. The local currency gained to 4.3750/3830 versus the US dollar at 9.06 a.m., up from 4.3835/3925 last Friday. According to Stephen Innes, managing director of SPI Asset Management, the ringgit opened firmer this morning despite a more robust US jobs report, implying that traders are ignoring one good data point and deferring to the weaker run of US economic data as a signal that the Fed will be forced to cut rates in 2023. "Crude oil prices are also doing well post-Organisation of the Petroleum Exporting Countries (OPEC) meeting, which helps the ringgit in terms of trade p...
Bursa Malaysia CEO takes over as chairperson of CEO Action Network
Business, Finance, Innovation/ Technology, News

Bursa Malaysia CEO takes over as chairperson of CEO Action Network

As chairperson of the steering committee, Bursa Malaysia Bhd CEO Datuk Muhamad Umar Swift now leads the CEO Action Network (CAN), Malaysia's first sustainability-focused informal coalition of leading CEOs and senior business decision-makers. Datuk Tengku Muhammad Taufik, a founding member of CAN and the president and group CEO of Petroliam Nasional Bhd (PETRONAS), passed over the leadership baton to Muhammad Umar recently at a CEO luncheon debate held at the Malaysia Petroleum Club. Tengku Muhammad Taufik, who served a two-year term, stated that CAN has emerged as a credible voice of Corporate Malaysia on sustainable business and sustainable development since its formation in late 2020. "As a coalition of leaders with a purpose, our efforts continue to be focused on building capacity ...
70,000 millionaires in UAE
Business, Finance, Innovation/ Technology, News

70,000 millionaires in UAE

According to Unique Properties, Dubai is seeing an increase in the number of luxury branded properties. With over 70,000 millionaires, the UAE is expected to see a 22% increase in high-net-worth families by 2027. Dubai's property market has capitalised on luxury and lifestyle living to become a lucrative destination for high-net-worth individuals. These features, according to Unique Properties, have contributed to Dubai's rise as the world's greatest site for branded properties. “The rise of Dubai’s branded residence segment started with Armani Residences in Burj Khalifa in 2010. Luxury brands and developers have gradually realised the concept’s mutual benefit – but there has been a significant uptick as of late,” said Arash Jalili, Founder and Chief Executive Officer of Unique Propert...
Businesses in England and Wales collapse at fastest pace since 2009 as energy costs bite
Business, Innovation/ Technology, News

Businesses in England and Wales collapse at fastest pace since 2009 as energy costs bite

Thousands of UK businesses are going out of business at the quickest rate since the height of the global financial crisis, as rising energy costs, dwindling demand, and rising borrowing charges drive them out. According to the Office for National Statistics, there were 5,629 insolvencies in England and Wales in the second quarter, the highest number since 2009. (ONS). The increase is the most since the third quarter of 2009. According to the ONS, insolvencies fell in 2020 as the government provided assistance to businesses throughout the epidemic. However, the frequency of failures has now increased as businesses face new obstacles even after lockdowns have ended. More here: UK building resumes growth, although optimism is at a 26-month low. Businesses indicated a dramatic increase ...
Google and Microsoft hit by slowing economy
Business, Innovation/ Technology, News

Google and Microsoft hit by slowing economy

Sales at Alphabet and Microsoft have fallen substantially, adding to concerns about an economic slowdown. Alphabet, which controls Google and YouTube, reported a 6% increase in sales to $69 billion in the three months to September as companies slashed their advertising budgets. Outside of the onset of the epidemic, it was the US firm's worst quarterly increase in nearly a decade. Meanwhile, Microsoft reported a drop in demand for its laptops and other equipment. Its revenues increased by 11% to $50.1 billion, the weakest rate in five years. Globally, consumers and businesses are cutting back as prices and interest rates increase, fueling fears of a worldwide recession.Alphabet's profits fell nearly 30% to $13.9 billion in the third quarter, as YouTube ad sales fell for the first time ...