Code of practice to help companies with AI rules may come end 2025, EU says
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Malay Mail
2 hours ago
- Malay Mail
Join Gorilla Technology's Exclusive Live Investor Webinar and Q&A Session on July 10
[email protected] London, United Kingdom - Newsfile Corp. - July 3, 2025 - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, is pleased to invite investors to a webinar on July 10, 2025, at 8:30 a.m. exclusive event, hosted by RedChip Companies, will feature Gorilla's Chairman and CEO, Jay Chandan, who will discuss Gorilla's leadership in AI-based Industrial IoT and Security Convergence technologies. With over 23 years of innovation and a recently completed $105 million capital raise, Gorilla is now strongly positioned-both technologically and financially-to scale execution across its global pipeline. The Company is driving critical public safety and infrastructure modernization efforts worldwide, including its flagship Smart City project in Santa Marta, Colombia and a five-year AI partnership with Thailand's Tourist Police. Backed by a $93 million backlog and a $6.6 billion opportunity pipeline, Gorilla has guided for 2025 revenue between $100 million and $110 million with EBITDA margins of 20-25%. With 29 global patents, a veteran leadership team, and a valuation multiple well below SaaS peers, Gorilla offers investors a unique opportunity for growth and value creation.A question-and-answer session will follow the can be pre-submitted to [email protected] or online during the live in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for more information, please visit our website: This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding the Company's intended use of proceeds from the offering, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the SEC on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable Gentry, CEORedChip Companies, Inc.1-407-644-4256 The issuer is solely responsible for the content of this announcement. About Gorilla Technology Group Inc.
The Star
2 hours ago
- The Star
US job growth beats expectations in June, unemployment rate dips to 4.1%
FILE PHOTO: Signage for a job fair is seen on 5th Avenue in Manhattan, New York City, U.S. REUTERS/Andrew Kelly WASHINGTON: U.S. job growth was solid in June while the unemployment rate unexpectedly fell to 4.1%, suggesting the labor market remained stable and potentially allowing the Federal Reserve to delay resuming cutting interest rates until September. Nonfarm payrolls increased by 147,000 jobs last month after an upwardly revised 144,000 advance in May, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Thursday. Economists polled by Reuters had forecast payrolls rising 110,000 following a previously reported 139,000 gain in May. Estimates ranged from an increase of 50,000 to 160,000 jobs. The report was published a day early because of the Independence Day holiday on Friday. Despite the bigger-than-expected rise in payrolls, job growth is slowing, mostly reflecting tepid hiring. Layoffs remain fairly low, with employers generally hoarding workers following difficulties finding labor during and after the COVID-19 pandemic. Economists say President Donald Trump's focus on what they call anti-growth policies, including sweeping tariffs on imported goods, mass deportations of migrants and sharp government spending cuts, has changed the public's perceptions of the economy. Business and consumer sentiment surged in the wake of Trump's victory in the presidential election last November in anticipation of tax cuts and a less stringent regulatory environment before slumping about two months later. The unemployment fell from 4.2% in May. Economists had expected the jobless rate to tick up to 4.3%. Indicators, including the number of people filing for state jobless benefits and receiving unemployment checks, have pointed to labor market fatigue after a strong performance that shielded the economy from recession as the U.S. central bank aggressively tightened monetary policy to combat high inflation. Most economists expect the jobless rate will rise through the second half of this year, and potentially encourage the Fed to resume its monetary policy easing cycle in September. The Fed last month left its benchmark overnight interest rate in the 4.25%-4.50% range, where it has been since December. Fed Chair Jerome Powell on Tuesday reiterated the central bank's plans to "wait and learn more" about the impact of tariffs on inflation before lowering rates again. - Reuters
Focus Malaysia
5 hours ago
- Focus Malaysia
Starting August 2025, apprentices must be paid minimum wage
THE National Wages Consultative Council (Amendment) Act 2025 ('Act') will come into effect on August 1, 2025. But what does this mean for employers? Starting August 1, employers hiring apprentices will be legally required to pay them at least the national minimum wage, which is currently set at RM1,700 per month. This marks a significant policy shift in how apprenticeship is viewed and it also reflects a broader commitment to improving wage standards in Malaysia. Companies need to review apprenticeship contracts and prepare for compliance by August 2025 to ensure they meet the new legal requirements and avoid potential penalties. Why is this happening? Up until now, apprentices have not been legally recognised as employees under the Act, meaning they could be paid less or even nothing at all, despite working full-time and contributing to a business. That is about to change. The Act expands the definition of 'contract of service' to include apprenticeship and resulting from this, the provisions relating to the minimum wage will also be applicable to an apprentice. A 'contract of service' is currently defined as 'any agreement, whether oral or in writing, and whether express or implied, whereby one person agrees to employ another person as an employee and that other person agrees to serve his employer as an employee but does not include an apprenticeship contract'. Pursuant to the amendment, the definition of 'contract of service' will now follow the definition in the Employment Act 1955 ('EA 1955'), Sabah Labour Ordinance and Sarawak Labour Ordinance, meaning: 'Any agreement, whether oral or in writing and whether express or implied, whereby one person agrees to employ another as an employee and that other agrees to serve his employer as an employee and includes an apprenticeship contract'. What is an apprenticeship? Under EA 1955, 'apprenticeship contract' means: A written contract entered into by a person with an employer who undertakes to employ the person and train or have him trained systematically for a trade for a specified period which shall be for a minimum period of six months and a maximum period of 24 months in the course of which the apprentice is bound to work in the employer's service. Apprenticeship is not internship When tabling the National Wage Consultation Council (Amendment) Bill 2024 for the second reading last year, Deputy Human Resources Minister Datuk Seri Abdul Rahman Mohamad states that an apprenticeship programme is education and training governed by an apprenticeship agreement, allowing apprentices to gain the necessary competence to work in a job through structured training and financial remuneration or compensation. It differs from a traineeship programme, which involves on-the-job learning that allows trainees to gain work experience and competencies to enhance their employability. An internship programme involves students being exposed to real job environments and receiving short-term training to meet certain educational/learning qualifications. He explained that, from a legal standpoint, only apprenticeship programmes are governed by specific laws and regulations. In contrast, other internal training programmes, such as traineeships or industrial training, are not bound by any formal legal framework. Their implementation is left entirely to the discretion of the employer without oversight or mandatory guideline. ‒ July 3, 2025 Leonard Yeoh is a senior partner and Pua Jun Wen a senior associate with the law firm, Tay & Partners. The views expressed are solely of the author and do not necessarily reflect those of Focus Malaysia. Main image:
