Latest news with #MPS
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Business Standard
3 hours ago
- Business
- Business Standard
Four PSBs seek 1-year extension to comply with shareholding norms
As per SEBI norms, listed entities must reduce promoter shareholding to 75 per cent premium New Delhi Listen to This Article At least four public-sector banks (PSBs) — Indian Overseas Bank, UCO Bank, Punjab & Sind Bank, and Central Bank of India — have approached the Department of Financial Services (DFS), seeking a one-year extension to meet the Minimum Public Shareholding (MPS) requirement. These banks have expressed their inability to meet the current deadline of August 2026 via the qualified institutional placement (QIP) route. According to Sebi norms, listed entities must reduce promoter shareholding to 75 per cent. Of the 12 PSBs, seven have already met the MPS norms. The current government holdings in the five PSBs are: Indian Overseas Bank
The Star
a day ago
- Automotive
- The Star
Selayang council still negotiating terms with new parking concessionaire
Currently, MPS collects about RM300,000 monthly from parking fees, says its president. Selayang Municipal Council (MPS) is still negotiating terms for Selangor's centralised parking system with the appointed concessionaire. MPS president Shahman Jalaludin said several terms of the concession were still under discussion. 'It is not finalised yet. 'Hopefully, we can settle it as soon as possible,' he said after chairing the local council's monthly full board meeting at its headquarters in Bandar Baru Selayang. Shahman said MPS was looking to maintain its current parking revenue, and not get less. 'We are trying to push for the same revenue as before,' he said, adding that the municipal council collected about RM300,000 a month previously. The Selangor Intelligent Parking (SIP) system is a state-led initiative to digitalise and centralise public parking. The initiative is spearheaded by Menteri Besar Incorporated (MBI) Selangor and implemented through a company in collaboration with local councils. Under the SIP model, parking revenue will be split with 50% going to the concessionaire, 40% to the local councils involved and 10% to MBI. It has been announced that the implementation is from Aug 1. MPS is one of four local councils that are in the state's plan for SIP, alongside Petaling Jaya City Council (MBPJ), Shah Alam City Council (MBSA) and Subang Jaya City Council (MBSJ). Shahman said enforcement would remain under MPS. He said the transition period was expected to take about two months. Infrastructure works such as repainting parking bays and installing closed-circuit television (CCTV) cameras will begin after the contract is finalised, he elaborated. He added that MPS would help identify hotspot areas for CCTV placement, but equipment and installation costs would be borne by the concessionaire. 'We have to make sure any new system should benefit the council and the public,' Shahman emphasised.
New Straits Times
4 days ago
- Health
- New Straits Times
Pharmacists' group declares war on tobacco, vape products
PUTRAJAYA: The Malaysian Pharmacists Society (MPS) has issued a strong declaration against the use of tobacco and vape products, reaffirming its commitment to a smoke-free and vape-free Malaysia. The declaration, adopted at the National Pharmacists Convention 2025 in Putrajaya today, outlines a six-point stand opposing the promotion, normalisation, and use of all forms of nicotine products, particularly among youth. MPS president Professor Amrahi Buang said that in light of aggressive marketing targeting adolescents and health risks, the declaration reflects pharmacists' ethical responsibility to protect public health. "This is a call to action for a healthier Malaysia. Pharmacists stand united in rejecting all forms of nicotine harm and industry interference. This declaration also supports tobacco endgame policies such as the Generational Endgame (GEG) and calls for full enforcement of the Control of Smoking Products for the Public Health Act," he said in a statement today. He also praised the principled stance of His Majesty Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, who recently called for a national vape ban. Amrahi said the declaration reinforces pharmacists' zero-tolerance stance on tobacco and vape-related harm and calls for flavour bans, stricter age enforcement, and widespread public education. It also warns against industry narratives framing vape as a 'safer' option. "The MPS today outlined five key action areas: public education, early intervention, policy advocacy, community engagement, and surveillance. Pharmacists are not just dispensers of medication, we are community protectors," he added.
Forbes
5 days ago
- Business
- Forbes
Onward! A Personal Tribute To Ed Feulner (1941-2025)
Ed Feulner and three of his main intellectual inspirations: G.K. Chesterton, Russell Kirk, and F. A. ... More Hayek painting by Deborah Melvin Beisner. Photo of a copy of the painting in the author's possession Dr. Edwin J. Feulner Jr. was such a significant policy player for over 50 years that, although numerous leaders have already shared memories of how he influenced their lives, there is ample room for further tributes. I first heard of Ed, as he liked to be called, as an immigrant from Argentina in the late 70s. For me Ed was an immense inspiration and later an extremely generous mentor and advisor. I came to the United States in 1978 to study under Dr. Hans F. Sennholz at Grove City College. Sennholz had been a disciple of Ludwig von Mises and, though of course primarily a teacher, was very active as a speaker in conservative free-market circles. He introduced me to the work of Feulner at the Heritage Foundation. I finally met Feulner in September 1980, when I was invited to the Mont Pelerin Society (MPS) meeting held at the Hoover Institution. Feulner became a key member of the MPS, occupying several leadership positions. My acquaintance with Ed deepened starting in 1985 when I joined Antony Fisher, the founder of the Institute of Economic Affairs in London and later founder of the Atlas Economic Research Foundation. Fisher attempted to hire Feulner to lead the International Center for Economic Policy Studies (ICEPS, today the Manhattan Institute). In 1978, Fisher had been discussing the creation of a New York-based think tank with his friend William J. "Bill" Casey, then a New York lawyer. Just as Feulner was about to start his new job, the recently established Heritage Foundation made him a much better offer, and the rest is history. Although disappointed at not being able to hire him, Fisher remained friends with Feulner and invited him to speak at Atlas events. As in its early days Atlas was located in San Francisco, far from Heritage, at first, I mostly saw Feulner at the meetings of the Mont Pelerin Society. At one of those meetings, in Guatemala, I as a member of the program committee was able to invite Fr. Robert Sirico to speak. Sir John Templeton, who worked closely with Antony Fisher, attended the meeting as well. Following conversations during the meeting, Fr. Sirico decided to establish the Acton Institute for the Study of Religion and Liberty, and both Feulner and I were asked to be on Acton's founding board. At the end of our first Acton board retreat, I drove to the airport together with Ed. When I am with influential people, I ask the same questions: Whom do you always read? Who is doing great work, and should we support them more? And: What is the biggest problem we face today in our battle for freedom? I recall his answer to the latter vividly. It was in the mid 90's and Ed said: 'The young people who are joining the movement have a very shallow and superficial understanding of the principles of the free society. They join our think tanks, but they never went through the process of studying all the main works, the Founding Fathers, the great economists, Mises, Hayek, Friedman, conservative thinkers like Russell Kirk.' Feulner invested his time in organizations such as the Intercollegiate Studies Institute (ISI), where he served as a long-standing trustee and chairman. ISI aims to fill the void Feulner spoke of by creating fellowships and academic programs for talented young people. In addition to his role as a think tank leader, Ed Feulner also played a significant role in grant-giving foundations such as the Sarah Scaife Foundation, which supports dozens of policy think tanks. He also served as an inspiration for other foundations. A little-known fact is that Sir John Templeton, in starting his organization, included Feulner on its charter as one of the authors who should serve as a guide for its grants in the realm of free enterprise. The other authors who preceded him are Adam Smith, Ludwig von Mises, F.A. Hayek, Milton Friedman, William E. Simon, and Antony Fisher. Ideas never die, and Ed Feulner's views and legacy will continue to inspire many of us. In addition to his leadership at think tanks and philanthropic organizations, Dr. Feulner played a role in various political campaigns. He worked alongside Jack Kemp when he was vice presidential candidate with Bob Dole. He also joined the campaign for Trump's 2016 presidential run. In 2016, at a private meeting with freedom fighters from around the world, Ed told us: 'Trump put one condition, that if we disagree with a policy, like I did on tariffs, we keep our disagreement private.' Dr. Ed Feulner being recognized for his service to the Mont Pelerin Society during the Hong Kong ... More general meeting in 2014. Dr. Allan H. Meltzer (1928-2017), then president of the Society, at his side When in 2014 the Mont Pelerin Society asked me to help choose a gift for Ed Feulner, I had a unique opportunity to learn about what inspired him. Without revealing my intention, I asked him during a private meeting at his office which intellectuals had had the greatest impact on his life. He was quick to answer G.K. Chesterton, Russell Kirk, and F.A. Hayek. An artist who knew him well, Debby Beisner, captured his response in a beautiful painting. Books will be written about Ed Feulner and his legacy. For now, one of his favorite words suffices to remember his spirit: Onward!
Telegraph
5 days ago
- Telegraph
County lines drug dealers handcuffed while sleeping
Two county lines drug dealers were handcuffed by police as they slept in bed next to each other. Miguel Figueiredo-Mendes, 28, and Jean Paul Ekombolo, 28, were arrested during an early morning raid in Leicester. Bodycam footage showed officers storming into the flat at 5.30am on October 5 2022. While officers searched the property, Figueiredo-Mendes and Ekombolo were arrested. Officers also seized crack cocaine with a street value of £10,700, along with £1,000 in cash. A third man, Christian Mudianga, 35, was also arrested at another property in the city. The men were arrested following an investigation of a drugs line between London and Coalville, Leicestershire. All three admitted conspiracy to supply drugs over several hearings. Figueiredo-Mendes, of Chigwell, Essex, was jailed for six years and three months. Ekombolo, of Barking, east London, was jailed for four years while Mudianga, of Leicester, was sentenced to four years and three months. Inspector Steve Burge, the Neighbourhood Policing Commander for North West Leicestershire, said: 'Drug offending ruins lives and brings harm to our communities. We will not tolerate it and will continue to work to remove illegal drugs from our streets and to bring those responsible to court. 'Dedicated and detailed team work across forces allowed us to gather the full information in relation to this drugs line and who was involved. This allowed us to successfully execute early morning warrants which ultimately led to those responsible being charged. 'With the evidence gathered, the defendants were then left with no option but to plead guilty to their crimes.' Detective Inspector James Seager, from the Met's Operation Orochi team, said: 'County line drug offending causes immense harm to young people and communities. 'The prosecution of these three individuals for serious criminal activity was as a result of effective collaboration between Leicestershire Police and the MPS to address the challenge of county line offending between Leicester and London.'
