Maharashtra industrial development corporation

Electric cooperatives (ECs) nationwide are enjoined to ensure the smooth transition of their system operator functions to the National Transmission Corp. (TransCo). In a recent memorandum, the Department of Energy (DoE) designated the state-run company “to “serve as an off-grid system operator to any small grid or off-grid power system with more than one source of power supply.” As a follow-through on the memorandum, the National Electrification Administration (NEA) mandated the country’s 121 power cooperatives to extend their “utmost cooperation and support” to TransCo. The designation of TransCo as an off-grid system operator is in accordance with mandates under the Electric Power Industry Reform Act of 2001, as well as its implementing rules and regulations, according to the DoE. The memorandum does not cover franchised distribution utility in other off-grid areas, which means those with only one power supplier are still authorized to perform as off-grid system operator, subject to ... » Learn More about Power co-ops told to back TransCo as off-grid system operator

Summary of business stories March 1 to 7 Economy EPF: Payment for current i-Sinar applications starts Tuesday For contributors who have RM100,000 and below (Account 1), they have access to any withdrawal amount of up to RM10,000. The payments will be staggered over six months with the first payment of up to RM5,000. For those who have above RM100,000 (Account 1), they have access of up to 10% of their Account 1 savings. China’s Nine Dragons Paper to invest RM5.4b in paper mill, factory China’s Nine Dragons Paper plans to invest RM5.4bil in a paper mill and a factory in Malaysia. Tan Sri Muhyiddin said the Malaysian Government's policy is always pro-business and very supportive and ready to offer attractive incentives to investors. These projects will create a total of 2,180 job opportunities of which, nearly 90% will be Malaysians Corporate News Genting Malaysia cuts pay again as Covid shuts local casino Genting Malaysia is asking some ... » Learn More about Summary of business stories March 1 to 7

PETALING JAYA: Engineering solutions company Pansar Bhd expects its acquisition of construction firm Perbena Emas Sdn Bhd to be completed by April. Perbena will start contributing to Pansar’s bottom line in the same month, Pansar’s business division general manager David Tai Wei said. The Sarawak-based company, which is controlled by Tai’s family, had last September entered into an agreement to buy 100% of Perbena for RM151mil. The acquisition will allow the company to diversify its business to include construction and civil engineering. Currently, it is involved in providing engineering solutions for various industries including marine and industrial, heavy equipment and agriculture. It also makes air conditioning, fire protection and water treatment systems. The company announced last week the price-fixing and implementation timeline for its rights issue exercise, which is expected to help it raise some RM121mil to fund the purchase of Perbena. The remaining is ... » Learn More about Perbena to contribute to Pansar’s earnings by April

When work stress hits, can guilty pleasures be far behind? Sometimes we write off our costly designer coffee as a ‘harmless’ reward for our hard work . . . or load up our online shopping cart for a fleeting moment of joy. But is this — and other indulgences — the way to a stable future? While we could all use an occasional pick-me-upper, the past year’s crises have underscored the role of wise spending in achieving financial security. There is now a notable increase in the number of Filipinos — young adults particularly — who have ceased to be excessive spenders and are cleverly eyeing more meaningful purchases and investments. Successful property platform Ohmyhome is well aware of this and aims to aid these individuals in pursuing their goal through its webinar series called OhTalks, which will air its third episode on February 27, at 3 p.m., via Facebook live. The webinar will dwell on such timely subjects as financial literacy, real estate, entrepreneurship, and technology, ... » Learn More about Ohmyhome shares tips on finances and savings

Artificial Intelligence (AI) is the next big thing that can take your business to unprecedented heights of success. If you haven’t implemented this cutting-edge technology to your business strategy and are still wondering how to make the most out of this technology, this post will help you make a well-informed decision. Artificial intelligence is making revolutionary changes in multiple industries, and many leading tech companies are incorporating AI technology into their products and applications to take maximum advantage of it. The idea of using monotonous tasks using AI-powered bots is attracting many businesses – no matter small, medium, or large. A study suggests that AI technologies can help businesses automate a majority of tasks carried out by the workers, which helps them get more tasks done and boost productivity by 40%. This emerging technology is making groundbreaking transformations in the mobile app development world. In fact, it is one of the latest trends in the app ... » Learn More about How Artificial Intelligence Will Transform Mobile UX in 2021

With a pandemic gutting the economy and a family to feed, Pah – a single mother – works odd jobs by day and sells drinks in Bangkok’s entertainment industry at night, one of an untold number of women at the sharpest end of Thailand’s unprecedented economic crisis. Southeast Asia’s second biggest economy has, so far, avoided the worst of the public health crisis caused by the virus. Instead, it has been battered by the economic costs of a collapse of tourism and diminishing global demand for its exports. On Monday the Office of National Economic and Social Development Council (NESDC) announced a 6.1% contraction in gross domestic product over 2020, the worst in two decades. This year has started badly, with renewed partial lockdowns after a resurgence of the coronavirus and the continued absence of foreign visitors. The NESDC warned tourists are unlikely to return until deep into the fourth quarter as vaccines rollout and travel restrictions ease. Family breadwinners The ... » Learn More about Economic Hardship Pushes Thai Single Mothers to Make Tough Choices

Singha Estate's commercial property businesses include 140,000 square metres of commercial office and retail space contributing 15% of total revenue in 2020. Singha Estate Pcl aims to triple annual revenue to around 20 billion baht in three years and grow assets to 80 billion from 65 billion baht at the end of 2020, while also growing its margins. The firm announced that it is pursuing a strategic broadening of its business by integrating traditional property businesses with industrial estates, power generation, engineering services and other related businesses. "This is a milestone year that marks our transition to the next phase of Singha Estate's development journey," Chutinant Bhirombhakdi, chairman of the board of directors of Singha Estate, said. "We are embracing complementary and innovative businesses to become one of Thailand's foremost enterprises that leverages the synergies between property, power generation, and related services to deliver high growth with strong ... » Learn More about Singha Estate eyes tripling revenue in three years

Thailand’s economy in 2020 performed at its lowest levels in over two decades, just-released, full-year data shows. The year’s 6.1% contraction falls short of the devastating 7.6% decline that occurred in 1997 during the Asian Financial Crisis. Officials blamed the demise on Thailand’s economy from the gutted tourism industry ; due to travel and border restrictions, and ongoing political upheaval within the Kingdom. They also made it clear that they now expect the economic rebound of 2021 to be much slower than initially predicted. This news is another blow to the millions of struggling business owners and workers who are suffering since travel stopped and the tourism industry collapsed. Secretary general of the Office of the National Economic and Social Development Council (NESDC), Danucha Pichayanan, explained the government’s stimulus package is the reason the shocking economic decline slowed in the last quarter of the year. A long term effect of stimulus loans is ... » Learn More about Stimulus, Local Demand Helping Thailand’s Economy Slowly Recover

KUALA LUMPUR, March 7 (Bernama): Like other countries around the world, Malaysia was not spared the fury of the Covid-19 pandemic and suffered the devastating consequences. With over 310,000 cases of infection nationwide and more than 1,000 deaths, the pandemic, which was first detected in late 2019, also wreaked havoc on the country's economic sector as never seen before. With the kick-start of the National Covid-19 Immunisation Programme on Feb 24, recovery seems imminent, which means that not only will the people be able to breath a sigh of relief, the government will get the boost it needs to resuscitate the economy and proceed with its development agenda. According to the Department of Statistics Malaysia, over the course of a year since the onslaught of COVID-19, unemployment increased to 5.3 per cent in May 2020 or the highest ever recorded in a decade and as high as 50 per cent of the people suffered dwindling income and savings following the implementation of the ... » Learn More about A year of difficulty provides valuable experience for Malaysia’s MOF to deaL with pandemic impact

It’s no secret that women in the tech world are severely underrepresented. According to International Data Corporation (IDC), women in senior leadership positions account for only 24 percent of the tech workforce in 2019. For years, the public has called on these tech companies to do better, though problems of gender discrimination, wage gaps, and a cultural lack of support for women continue to be reported. Rakuten Viber, however, is a notable exception. In the Philippines alone, all its leadership roles are filled by women. Most recently, the communications company has announced that it is appointing another woman as Public Relations Lead for the entire Asia Pacific (APAC) region. Lana Macapagal, previously the PR manager for APAC, now spearheads not only all public relations activities in APAC but also the social media and influencer marketing efforts in the region. With more than 10 years of experience in marketing, brand management, business development, and public ... » Learn More about Rakuten Viber empowers women in tech