Brunei's sultan released from Malaysian hospital
Brunei's government said on social media late Saturday that the 78-year-old monarch has moved to a Kuala Lumpur hotel, where he will spend a few days resting before returning home. Brunei's information department posted pictures on Facebook of the sultan walking into the hotel lobby with his wife, and in a room with family members including his wife and two of his sons.
Sultan Hassanal was attending an annual summit o f the Association of Southeast Asian Nations in Kuala Lumpur when he was hospitalized Tuesday at the National Heart Institute. His office has said that he was in 'good health' but feeling tired and is resting following advice from Malaysian medical experts.
Sultan Hassanal has ruled his tiny oil-rich kingdom for over 57 years, and led it to gain full independence from Britain in 1984. He also holds the posts of prime minister, finance minister, defense minister and minister of foreign affairs.
He is famed for his lavish lifestyle, owning a huge collection of expensive and rare cars, and lives in a 1,788-room palace that is the world's largest private home. He is also known for introducing strict Islamic criminal laws that call for amputating limbs and stoning convicts to death.
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Associated Press
2 hours ago
- Associated Press
Intrinseque Health Officially Launches Malaysia Entity in Melaka
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In his welcome speech, Mr. Nitin Jain, President and CEO of Intrinseque Health, shared that establishing this new entity in Melaka marks a key milestone in the company's Asia-Pacific expansion strategy. The entity will serve as a base to strengthen operations across Southeast Asia, supporting drug development, clinical trials, and clinical supply chain activities in the region. Mr. Jain emphasized that this is not just an operational setup, but a symbol of the company's long-term commitment to Malaysia—creating sustainable value, investing in local talent, and fostering collaboration with government and institutional partners. The company aims to create over 500 jobs for Melaka residents within the next five years through expanding operations and strategic partnerships in Malaysia. He further added that this newly opened facility will play a critical role in extending access to clinical research support services across Malaysia and the wider Asia-Pacific region - streamlining global clinical trials while ensuring compliance with regional and country-specific regulatory requirements. As part of its continued investment, Mr. Jain announced that Intrinseque Health's future plans for Melaka include establishment of a GMP warehouse and storage facility—a state-of-the-art infrastructure and the only one in Melaka, dedicated to supporting drug development and clinical trials. This GMP unit will not only serve the Asia-Pacific region but will also support the company's global operations. During the ceremony, as part of its efforts to support the state's development, Intrinseque Health sponsored two electric paramedic scooters, which were presented by the Honourable Chief Minister of Melaka to the Angkatan Pertahanan Awam Malaysia (APM), Malaysia Civil Defence Force. Mr. Jain reaffirmed the company's continued commitment to contributing to Melaka's growth and supporting the Chief Minister's vision for the state's development and well-being of its residents. A special note of appreciation was extended to Mr. Teng Boon Joo, a long-time supporter and spokesperson for Intrinseque Health, whose dedicated coordination and support were instrumental in the successful setup of the Malaysia entity and inauguration planning. Speaking at the event, Mr. Teng Boon Joo remarked, 'Intrinseque Health's commitment to Melaka is a strong reflection of the infrastructure and opportunities the state offers to multinational organizations seeking to establish their headquarters in Malaysia.' Intrinseque Health also expressed its sincere gratitude to the Malaysian Investment Development Authority (MIDA) and thanked Mr. Jaibalan Harirajan, Director, for the support and guidance provided throughout the setup and launch process. Additionally, Mr. Jain extended his heartfelt thanks to Tan Sri Syed Mohd Yusof bin Tun Syed Nasir, Tan Sri Datuk Seri M Kayveas, Datuk Wira (Dr.) Hajah Radhuana binti Salleh, Datuk Teng Swee Eng, Datuk Ng Peng Hong, and Dato Wira Saudara Gan Tian Loo for their unwavering support in helping the company achieve this important milestone. As part of its innovation roadmap, Mr. Jain also announced the development of Intrinseque Health's proprietary artificial intelligence (AI) platform, tailored to the clinical supply chain industry. The company has been officially awarded Malaysia Digital (MD) status by the Malaysia Digital Economy Corporation (MDEC) and thanked Mr. Kamelinder Singh for his ongoing support and encouragement. About Intrinseque Health Intrinseque Health is an EN ISO 13485, ISO 9001 and GDPMDS certified global clinical development support organisation, accomplished in facilitating the development of clinical trial studies globally. 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Intrinseque Health is the industry expert in solving clinical supply chain challenges, such as product availability & lead times, selection of in-country sourcing Vs. import, import regulations and IOR/EOR requirements, storage & warehousing, kitting, labelling & printing, installation, calibration, validation, servicing & maintenance of equipment and supplies, local sourcing, and procurement services, all while maintaining the highest levels of quality throughout study timelines. Intrinseque Health engages early with its clients and utilises an operational methodology based on a proven, cost-effective clinical supply chain strategy for each clinical trial. It firmly believes that even the most minor and essential items, irrespective of their utility, should be there every time because nothing is more important than the value of patients' life. Intrinseque Health aims to become the global leader in clinical trial support services and constantly thrives in innovating and offering unique solutions. Prajjwal Sharma Intrinseque Health [email protected] Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
2 hours ago
- Yahoo
With 63% ownership, Axis Real Estate Investment Trust (KLSE:AXREIT) boasts of strong institutional backing
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Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's delve deeper into each type of owner of Axis Real Estate Investment Trust, beginning with the chart below. See our latest analysis for Axis Real Estate Investment Trust What Does The Institutional Ownership Tell Us About Axis Real Estate Investment Trust? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Axis Real Estate Investment Trust already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Axis Real Estate Investment Trust, (below). Of course, keep in mind that there are other factors to consider, too. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Axis Real Estate Investment Trust. The company's largest shareholder is Employees Provident Fund of Malaysia, with ownership of 19%. With 8.7% and 8.4% of the shares outstanding respectively, Kumpulan Wang Persaraan and Permodalan Nasional Berhad are the second and third largest shareholders. We did some more digging and found that 6 of the top shareholders account for roughly 53% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Insider Ownership Of Axis Real Estate Investment Trust The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own some shares in Axis Real Estate Investment Trust. It has a market capitalization of just RM4.0b, and insiders have RM323m worth of shares, in their own names. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. General Public Ownership The general public, who are usually individual investors, hold a 27% stake in Axis Real Estate Investment Trust. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Next Steps: It's always worth thinking about the different groups who own shares in a company. But to understand Axis Real Estate Investment Trust better, we need to consider many other factors. For example, we've discovered 3 warning signs for Axis Real Estate Investment Trust (1 is potentially serious!) that you should be aware of before investing here. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 hours ago
- Bloomberg
Indonesia's Prabowo Rolls Out First of 80,000 ‘Red-White' Cooperatives to Boost Economic Growth
President Prabowo Subianto on Monday launched the first of thousands of planned new community cooperatives, betting on a top-down approach and billions of dollars in loans from Indonesia's state banks to spur development and food self-sufficiency in the Southeast Asian nation. Prabowo, speaking at a launch event in the central Java town of Klaten, described the initiative as part of his administration's efforts to shorten distribution chains and improve access to essential goods across the sprawling archipelago nation. Especially for 'those with weaker economic conditions,' he added. 'They must have access at affordable prices.'
