Latest news with #PAA
Globe and Mail
4 hours ago
- Business
- Globe and Mail
Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Second Quarter 2025 Earnings
HOUSTON, July 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced today their quarterly distributions with respect to the second quarter of 2025 and also announced timing of second quarter 2025 earnings. Second Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on August 14, 2025 to holders of the respective securities at the close of business on July 31, 2025: PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which is unchanged from the distribution paid in May 2025. PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basis), which is unchanged from the distribution paid in May 2025. PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis). For its Series B Preferred Units, PAA announced a quarterly distribution of $22.23 per Series B Unit (based on the applicable quarterly floating rate), which will be payable on August 15, 2025 to holders of record at the close of business on August 1, 2025. Although equity holders should consult their own tax advisor regarding their particular circumstances, the PAGP cash distribution per Class A Share is expected to be a non-taxable return of capital to the extent of a Class A Shareholder's tax basis in each PAGP Class A Share and a reduction in such tax basis. In addition, to the extent any cash distribution exceeds a Class A Shareholder's tax basis, it should be taxable as a capital gain. Qualified Notices under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution and PAA Series B Preferred Unit distribution will be posted on the Plains website under 'Investor Relations – Unit Information.' Second Quarter 202 5 Earnings Timing PAA and PAGP also announced that they will release second quarter 2025 earnings before market open on Friday, August 8, 2025. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the "Investors Relations' section of the website at An audio replay will be available on the website after the call. About Plains PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles approximately eight million barrels per day of crude oil and NGL. PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.
Malaysiakini
8 hours ago
- Politics
- Malaysiakini
PAS reminds Harapan to abolish laws suppressing free speech
PAS today reminded the Pakatan Harapan-led federal government of the party's promise to abolish laws that are repressive on the rakyat's right to freedom of speech. This followed a landmark ruling by the Federal Court, where it struck down a provision under the Peaceful Assembly Act (PAA) which requires rally organisers to give a five-day notice to authorities.
The Star
12 hours ago
- Politics
- The Star
Suaram seeks repeal of restrictive assembly law
PETALING JAYA: Suara Rakyat Malaysia (Suaram) has emphasised the need for amendments to the Peaceful Assembly Act (PAA) 2012, highlighting the importance of recognising gatherings as a constitutional right, not just a privilege. Suaram executive director Azura Nasron said while amendments to Section 11 of the PAA are crucial, it was equally important to repeal Section 9(5) of the same law. 'Sections 9(5) and 11 have long operated in tandem to entrench an authorisation-centric culture, where peaceful assemblies are treated as privileges subject to approval rather than inalienable constitutional rights. 'Amending one without repealing the other leaves the underlying legal framework fundamentally flawed and impairs the development of a culture grounded in the presumption that peaceful assemblies are lawful,' said Azura in a statement on Thursday (July 2). She said that under international norms, restrictions on peaceful gatherings must be the exception. 'The continued existence of Section 9(5) undermines this principle and obstructs the full realisation of the right to assemble under Article 10(1)(b) of the Federal Constitution,' she added. Article 10(1)(a) of the Federal Constitution guarantees every Malaysian citizen the right to freedom of speech and expression. Azura also criticised a recent remark by Home Minister Datuk Seri Saifuddin Nasution who said that close to 99% of assemblies in 2023 and 2024 proceeded without restrictions. 'Assemblies critical of government-linked corruption or human rights violations remain more vulnerable to surveillance, investigation, and administrative obstruction. 'These figures do not reflect the chilling effect of selective enforcement, nor do they counteract the entrenched perception - enabled by laws like Section 9(5) - that peaceful assembly is conditional on state approval,' said Azura. Section 9(5) of the PAA provides a criminal penalty on organisers of public gatherings who failed to give police at least five days' notice before holding an assembly. Section 11 in the PAA provides that an organiser of an assembly, other than a religious assembly or funeral procession, must obtain the consent of the owner of the place of the assembly. On Tuesday (July 1), the Federal Court's five-member bench ruled that a provision under Section 9(5) of the Peaceful Assembly Act 2012, which penalised an organiser who failed to provide the police with a five-day prior notice before holding an assembly, is unconstitutional. Saifuddin said the Home Ministry will table amendments to Section 11 of the PAA in the upcoming parliamentary sitting that begins this month. He also said Prime Minister Datuk Seri Anwar Ibrahim implemented a moratorium on legal proceedings under Section 9(5) of the PAA as part of the government's broader agenda to reform the law. Commenting further, Azura asked Putrajaya to clarify the status of the moratorium, as it remains unclear whether this is a new policy shift. 'A moratorium on Section 9(5) must be explicitly announced and enforced—covering all ongoing investigations and prosecutions—until formal legislative repeal is completed,' she said. Azura also urged the government to consult civil society before the next parliamentary sitting on the proposed PAA amendments to ensure they reflect current realities and international human rights standards. 'Review and amend other provisions of the PAA that are incompatible with international standards - including Section 4(d), which unjustifiably prohibits individuals below 21 years old from organising assemblies,' she added. The next Parliamentary sitting will sit from July 21 till Aug 28.
Focus Malaysia
15 hours ago
- Politics
- Focus Malaysia
Tengku Maimun's precious farewell gift to Malaysians: Landmark ruling on the right to dissent
Editor's Note: Rightly condensed by Boo Su-Lyn who is the editor-in-chief of CodeBlue, a website which seeks to promote healthcare as a human right: 'On her last day, Chief Justice (now former) Tun Tengku Maimun Tuan Mat defends our constitutional right to freedom of assembly. The government can no longer require five-day notice to hold peaceful rallies as that has been ruled by the Federal Court to be unconstitutional.' On her last day, Chief Justice Tengku Maimun defends our constitutional right to freedom of assembly. The government can no longer require 5-day notice to hold peaceful rallies, as that has been ruled by the Federal Court to be — Boo Su-Lyn (@boosulyn) July 1, 2025 THE Federal Court had on yesterday (July 1) delivered one of the most important rulings on peaceful assembly in Malaysia. The Peaceful Assembly Act 2012 (PAA) came into force on April 24, 2012 which was just four days before one of the most historic rallies in the country – BERSIH 3.0. The PAA was intended to replace Section 27 of the Police Act and was meant to promote and facilitate peaceful assemblies. However, over the years, it has been used as a tool to criminalise peaceful protesters. Politicians, activists, students, members of the public and many others have been charged under this Act. I have always argued that there's no need for the 10-day advance notification requirement (prior to the amendment) under Section 9(5). This is because enforcement authorities are usually already aware when a rally is being organised. In many cases, no approval is granted even when organisers have complied with all conditions. Often, after submitting a notice, the rally would be declared 'illegal'. Participants of BERSIH 4 rally in September 2015 (Inage credit: Singapore Straits Times ) Precious gift Today's landmark decision is not just any ruling. It marks progress towards one of BERSIH's key demands under BERSIH 4 and 5: the right to dissent. As a former leader of the movement, I applaud the Federal Court's decision. The irony is that this demand was finally achieved through legal reform via the courts. Let us now celebrate what is enshrined in our Federal Constitution which under Article 10(1)(b) guarantees that 'all citizens have the right to assemble peaceably and without arms.' Kudos to all of you who have participated in peaceful gatherings or supported this journey over the years. ' Hak berhimpun, hak anak setiap bangsa (The right to assemble is the rights of every Malaysian).' – July 2, 2025 Mandeep Singh was one of the longest-serving staff at the Coalition for Clean and Fair Elections (BERSIH). He was a key driver of the BERSIH Secretariat during a critical period in the movement's history, especially in the run-up to the BERSIH 3, 4 and 5 rallies. Mandeep Singh (Image credit: Malaysiakini ) During this period, the Hulu Selangor-born political activist was subject to over 30 interrogations, three death threats and five detentions for his involvement in BERSIH. The views expressed are solely of the author and do not necessarily reflect those of Focus Malaysia.
Malaysiakini
a day ago
- Politics
- Malaysiakini
Home Ministry to review apex court ruling on PAA
Home Minister Saifuddin Nasution Ismail today said the ministry will review a Federal Court decision that ruled a section of the Peaceful Assembly Act (PAA) 2012 criminalising not giving notice of assemblies to the authorities as unconstitutional. Saifuddin said appropriate action will be taken following the unanimous three-member apex court bench ruling delivered by Chief Justice Tunku Maimun Tuan Mat, in relation to a challenge brought by former Muda secretary-general Amir Hariri Abdul Hadi. 'This includes considering...
