00:00 [Music]
00:04 Prime Minister Datuk Sri Anwar Ibrahim shook up his cabinet today
00:08 to ensure his administration is better equipped to meet economic challenges
00:13 and cope with issues related to healthcare, education,
00:16 artificial intelligence and the digital transformation.
00:20 EPF CEO Datuk Sri Amir Hamzah Azizan is now Finance Minister too.
00:25 Datuk Sri Dr Zulkifli Ahmad is the Health Minister
00:28 and Datuk Sri Johari Abdul Ghani is back as the Plantation and Commodities Minister.
00:34 The Communications and Digital Ministry has been split,
00:37 with Gobind Singh Dio taking over the digital portfolio
00:41 and Fahmi Fazil remaining as the Communications Minister.
00:45 Stephen Sim has been named Human Resources Minister
00:48 as VC Vakumah is dropped from the line-up.
00:51 The Natural Resources, Environment and Climate Change portfolio
00:55 is now shared between Nik Nazmi Nik Ahmad and Deputy Prime Minister to Datuk Sri Fadhila Yusof
01:01 who helms the New Energy Transition and Public Utilities Ministry.
01:05 Datuk Sri Mohd Hassan is now the Foreign Minister.
01:09 Datuk Sri Mohd Khaled Nordin takes over Defence.
01:12 Datuk Sri Dr Zamri Abdul Qadir is now the Higher Education Minister
01:16 and Datuk Armiza Mohd Ali is the Domestic Trade and Cost of Living Minister.
01:21 The revamp increased the Cabinet size to 60 from 55.
01:25 Following the appointment of Datuk Sri Amir Hamzah Aziz Anas, the new Minister of Finance,
01:36 too, the EPF said his successor will be announced in due course.
01:40 In a statement, the Fund congratulated Amir Hamzah and expressed confidence in his leadership
01:46 to contribute significantly to Malaysia's economic development.
01:49 It said he has played a pivotal role in the growth and success of the retirement fund
01:54 during his tenure.
01:56 His key achievements include steering the EPF through various economic cycles and challenges,
02:02 consistently achieving positive growth in investment income.
02:06 The EPF said his strategic direction and adept decision-making have been crucial
02:12 in maintaining its investment and operational resilience,
02:16 ensuring it stands as a steadfast pillar of retirement security for its members.
02:21 Amir Hamzah was appointed to helm the EPF in March 2021.
02:25 The Fund's gross investment income rose from RM63.45 billion in 2020 to RM68.89 billion in 2021,
02:35 before dipping to RM55.33 billion in 2022.
02:40 For the first nine months of 2023, the EPF recorded total investment income of RM47.86 billion,
02:48 up 33% from the same period in 2022.
02:51 PN17 company Strawark Cable, or SCB, announced it has found a white knight tin UK-based Serendip
03:04 capsule, which will undertake a resuscitation exercise to revive the firm.
03:08 SCB's share price made a big leap today, soaring to as high as 23.5 cent,
03:14 before pairing some gains to close still 250% higher at 21 cent.
03:19 It's marked capitalization swell to RM83.8 million.
03:24 SCB revealed in a statement filed with Bursa Malaysia that Serendip Capital had prepared
03:29 a war chest of RM250 million to help pare down its debts and recapitalize the loss-making cable
03:35 manufacturer to cater to growing customer demand for infrastructure grid development and high
03:41 voltage cables. It did not disclose in detail whether the RM250 million will be given as a
03:47 loan or an equity injection. Group CEO Russell Walter Boyd said SCB looks forward to leveraging
03:53 the financial firepower and turnaround expertise of Serendip Capital so that it can focus on
03:59 aggressively delivering on its RM900 million order book.
04:03 Malakoff Corp, through its unit Malakoff Radiance, has inked a solar agreement with Railway Assets
04:14 Corp or RAC and Ketapitanah Melayu KTMB. The deal will see Malakoff developing,
04:21 operating and maintaining carport and rooftop solar systems at railway stations,
04:26 depots and a park and ride terminal in Perak, Penang, Selangor, Johor and Negeri Sembilan.
04:32 The 1.42MW peak project has a projected electricity savings of RM9.7 million for RAC and KTMB
04:40 and is expected to have a crucial role in significantly contributing to an annual
04:46 reduction of 19,376 tonnes of carbon dioxide equivalent, proportionate to the conservation
04:53 of 484,400 matured trees. Malakoff MD and Group CEO Anwar Shahreen Abdul Ajib said the group is
05:01 targeting 1,400MW of renewable energy capacity by 2031 through collective efforts.
05:08 RAC CEO Dato' Azhar Ahmad said the agency plans to roll out the second phase of this initiative
05:15 at 17 locations, including 16 railway stations and one park and ride building in Selangor,
05:21 Negeri Sembilan and Perlis. He said the third phase will include 25 more locations
05:26 throughout Peninsular Malaysia.
05:28 Ocean Fresh is offering 50.05M shares, representing 23.81% of its enlarged issued share capital in
05:41 an IPO, as it seeks to list on the ace market of Bursa Malaysia. According to its prospectus
05:47 exposure, this comprises a public offering of 10.51M shares via balloting, of which half will
05:54 be set aside for Bumiputra investors. 1.71M shares will be allocated for eligible parties,
06:00 and 37.83M shares for private placement to selected investors. The frozen seafood products
06:07 company intends to use the IPO proceeds to expand its storage space by setting up a new cold storage
06:13 facility and to finance its working capital. Its prospectus said it has customers from various
06:19 countries, including Malaysia, Turkey, China, Thailand, Vietnam, Japan, Indonesia, the Philippines,
06:26 Singapore, Korea, Italy, Portugal, the US and Australia. On the financial front,
06:31 Ocean Fresh has reported a steady increase in net profit for the past three financial years,
06:37 with earnings coming in at RM5.58M for FY2022, RM4.02M for FY2021 and RM2.4M for FY2020.
06:48 .
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