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Ford Ranger sales rise 19% in 2018
by RAHIMI YUNUS / pic by MUHD AMIN NAHARUL Ford Ranger sales surged 19% in 2018 compared to the precedent year, increasing its market share in the pickup truck segment by 1.4 points to 15%. The strong sales performance is expected to continue this year, according to Syed Ahmad Muzri Syed Faiz, the MD of Sime Darby Auto Connexion Sdn Bhd (SDAC) which is the sole distributor of Ford in Malaysia. “We are confident that the Ranger sales momentum will carry into this year, while further building on our Ford customer service experience,” Syed Ahmad Muzri said in a statement last Friday. The Ranger’s double-digit growth came on the back of a slowdown in the commercial vehicle (CV) segment due to the uncertainty of an election year. The demand was further decelerated by cancellations or deferments of mega projects post-elections, though the pickup sub-segment may not be affected directly as much as trucks and prime movers. Its volume was largely boosted with the launch late last year of the new Ranger which comes in nine variants — including the high-speed, off-road performance Ranger Raptor, the high-series Ranger Wildtrak, Ranger XL, Ranger XLT and Ranger XLT+. The new line-up offers a choice of three diesel powertrains to deliver greater versatility and match consumer demands for a wider variety of requirements. These include the new generation 2.0L Single-Turbo and 2.0L Bi-Turbo engines, and the Duratorq 2.2L. The “Built Ford Tough” Ranger finished 2018 as the second best-selling pickup in the market as more customers are seeking a versatile vehicle for work and lifestyle. “The Ranger’s unmatched versatility and capability is continuing to drive its success and wide customer appeal,” Ford Motor Co Asia Pacific emerging markets MD Truong Kim Phong said. Locally, the Ranger is competing against the Toyota Hilux, Isuzu D-Max, Nissan Navara and Mazda BT-50. For the first half of 2018, Ford delivered 3,013 units of CVs at a 10.5% market share. Ford was in the fourth position behind the top three Toyota, Isuzu and Nissan brands, but ahead of Mitsubishi, Hino and Mitsubishi Fuso. The Ranger clinched the “Pickup Truck of the Year” awards at both the 2018 Malaysia Car of the Year and 2018 DSF.my Allianz Vehicle of the Year Awards. The Ford’s segment-defining pickup truck also bagged a Gold for “Pickup Truck of the Year” at the Carlist.my People’s Choice Awards and Editors’ Choice Awards 2018. Meanwhile, SDAC also opened two new and upgraded Ford dealer facilities last year in Kuching and Kota Kinabalu. The post Ford Ranger sales rise 19% in 2018 appeared first on The Malaysian Reserve. [...]
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The rise of Sarawak’s digital economy
Part 3 of a 4 part special series to celebrate the second anniversary of Chief Minister Datuk Patinggi Abang Johari Tun Openg WHEN Datuk Patinggi Abang Johari Tun Openg took helm of Sarawak’s affairs, many of us were expecting to see a Chief Minister who would pick up the torch that Pehin Sri Adenan Satem had left so abruptly. And we have. In the last two years, we have seen a Sarawak government that is centred on increasing our autonomous rights, that calls for a higher share of petroleum royalty, and focuses on rural development. But while Adenan’s vision and purpose have been continued, the Sarawak that we know now is vastly different from what we were used to as the government has now taken a different approach to secure our future. Soon after taking over as Chief Minister, Abang Johari announced his intentions of spearheading a digital economy initiative that aims to revolutionise Sarawak’s economy and industries, and spur socioeconomic growth and advancement. The announcement of this initiative came with a promise of committing a fund of RM2 billion towards boosting internet connectivity throughout Sarawak by setting up the necessary infrastructure. “Such amount (RM2 billion) is required for us to, among other things, lay down the fibre optic cloud computing and satellite to cover the whole of Sarawak,” Abang Johari told a press conference after giving a keynote address to Sarawak civil servants in 2017. Following the announcement, Abang Johari further cemented his intentions with a new cabinet, with two new ministries, the Ministry of International Trade and E-Commerce led by Dato Sri Wong Soon Koh and the Ministry of Education, Science and Technological Research led by Dato Sri Michael Manyin Jawong. Abang Johari explained that the focus on creating a digital economy for Sarawak is necessary due to our overreliance on natural resources, as China’s economic consolidation has led to a fall in commodity prices. “We, therefore, have no choice. If we want to get out of our dependence on natural resources, we need to get into the digital world, which has been growing by leaps and bounds – creating millionaires by the day. “The Sarawak government shall spearhead this digital development but we will leave it to the private sector and young entrepreneurs to do whatever they can do best to make a living and a name for themselves. We shall also not forget the rural villages, which we want connected in order for us to bring them tele-medicine, e- learning and e-commerce,” he has said in his first winding-up speech as Chief Minister at the State Legislative Assembly (DUN) in May 2017. Taking the first steps towards this vision was with the International Digital Economy Conference Sarawak (IDECS), which was first held on April 3-4, 2017 and again on May 14-15, 2018. The first instalment of IDECS made clear the Sarawak government’s intentions to push for more digitalisation. During his speech at the conference, Abang Johari announced that the Sarawak government would be taking several steps towards implementing the initiatives. This included the setting up of the Sarawak Multimedia Authority (SMA), Sarawak Digital Economy Corporation (SDEC), Development Bank of Sarawak (DBOS), and the five-year Sarawak Digital Economy Strategy 2018 to 2022. In addition, the improvement of ICT infrastructure, the creation of a digital village and data centre, and the promotion of e-learning among the younger generation were also shared during the inaugural IDECS. The after effects of the conference were soon visible as our local private sector was soon abuzz with several associations of technopreneurs and e-commerce merchants forming in order to help spread the message of the impending changes in the landscape of our economy. In the second instalment of IDECS last year, the theme was ‘Data to Fuel New Economic Growth and Quality of Life’, and focused on four sub-themes – data intelligence, start-ups, smart communities, and digital government. “Last year’s IDECS was on developing the awareness of what digital economy was all about. A year later, we must now ramp-up on our action plans,” said State Secretary Tan Sri Datuk Amar Mohamad Morshidi Abdul Ghani. “The theme this year is ‘Data to Fuel New Economic Growth and Quality of Life’. This conference will once again be a knowledge-platform to better understand how digitalisation and future technologies will shape and change how we interact, both at the workplace and in our daily lives.” He pointed out that Abang Johari had announced the works to be done and plans to be carried out by the respective agencies and private sector. “We will see more of public-private partnerships in our journey towards a digitalised and developed nation within a five-year strategic plan,” said Morshidi. Sarawak Multimedia Authority The Sarawak Multimedia Authority Ordinance 2017 was passed on Nov 8, 2017, paving the way for the formation of the Sarawak Multimedia Authority (SMA), which seeks to make Sarawak a cyber-powerhouse. Chaired by Abang Johari, the SMA is the lead agency for Sarawak’s digital economy transformation, overseeing and regulating digital strategies and initiatives. Sarawak Digital Economy Strategy (2018-2022) The Sarawak Digital Economy Strategy 2018-2022 is a document which clearly spells out the vision, mission, and 47 strategic actions to be implemented and improved on Sarawak’s digital economy journey. “2030 is the year we want Sarawak to be a developed state in Malaysia with high income economy. There must not be any rural and urban divide by then, hence digital connectivity is important,” Abang Johari explained. He said digitalisation is impacting the people’s economic development as well as social life, causing constant disruptions. “It poses a potential threat to those who are reluctant to embrace the new technologies while providing new opportunities to others who are prepared to venture into this [...]
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Cancer Deaths Have Fallen Drastically Over the Last 25 Years. But These Types Are On the Rise
Cancer is the second-leading cause of death among Americans, behind only heart disease. But there’s good news: the cancer death rate has drastically declined over the past 25 years, according to a new report from the American Cancer Society (ACS). Overall, the cancer death rate dropped by 27% between 1991 and 2016, according to the report’s data, which came from the National Center for Health Statistics. Steadily declining cancer mortality rates saved about 2.6 million lives between 1991 and 2016. Significant reductions in lung cancer mortality explain a large part of the overall trend. Smoking rates have fallen dramatically in recent years, corresponding to a significant dip in lung cancer deaths. And since smoking rates have traditionally been higher among men than women, male death rates have fallen especially far: by 48% between 1990 and 2016, compared to a 23% drop among women between 2002 and 2016. Improvements in cancer screening and treatment have also led to lower death rates, the report says, especially among the four major cancers: lung, breast, prostate and colorectal. Together, these cancers are expected to account for more than 800,000 new diagnoses this year, so any further improvements in their detection and care could have a sizable impact. But while cancer mortality rates are shrinking, diagnoses aren’t dropping across the board. Incidence of breast cancer, the most common type of cancer overall, is increasingly modestly, perhaps in part because it is associated with common risk factors like obesity and alcohol use. Liver cancer is also killing a rising number of Americans — including young people — in large part because of widespread alcohol abuse. Melanoma and cancers of the thyroid, pancreas and uterus are also getting more common, the report says. Racial gaps in cancer mortality are narrowing. But black Americans were still about 14% more likely to die from cancer than white Americans in 2016. That’s a sizable drop from 25 years ago, when the difference was 33%, but it still reflects the “inequalities in wealth that lead to differences in risk factor exposures and barriers to high-quality cancer prevention, early detection, and treatment,” the authors write. Lower smoking rates among young black Americans largely explain the progress that has been made in shrinking these disparities, the report says. Socioeconomic-related differences in cancer mortality are also still prevalent regardless of race, according to the paper. Between 2012 and 2016, the cancer death rate was about 20% higher among residents of the U.S.’ poorest counties, compared to its richest. Tackling these systemic issues represents “low-hanging fruit” for cancer prevention efforts, the authors write. Working at the local level to expand affordable access to basic healthcare and screening services, smoking cessation programs and healthy living resources, they write, “would undoubtedly accelerate progress against cancer.” [...]
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Destini shares rise on contract extension with Home Ministry
KUALA LUMPUR: Destini Bhd’s shares rose on Tuesday as it has obtained work extension to maintain police equipment from Home Ministry. [...]
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Measles cases on the rise due to anti-vaccination movement
Measles cases rose by more than 30% in 2017, and vaccine sceptics in wealthy countries and low immunisation rates in Africa are largely to blame, the World Health Organization (WHO) reported in 2018. During 2017, 190,000 infections and 110,000 deaths were officially registered around the world, but the United Nations health agency estimates that the true number of cases was 6.7 million. Most of the patients who died were children. European residents have started to underestimate the risks of the disease, which can lead to dangerous brain swelling and blindness. Some parents have wrongly linked measles to side effects such as a heightened risk of autism, according to the WHO. Italy’s populist government, for example, is backed by parties, which have flirted with the anti-vaxxer (anti-vaccination) movement and has moved to limit compulsory vaccination. Israel, meanwhile, witnessed its worst measles outbreak in late 2018 in a decade. “Vaccinations are one of society’s greatest achievements and one of the main reasons that people live about 30 years longer than a century ago,” says Matthew Hornsey from the University of Queensland, Australia. And yet people who have anti-vaccination attitudes continue to act on their “emotional and gut responses” rather than act on evidence cited to them, the vaccination researcher says. Hornsey’s research, published in February 2018, showed that people who believe conspiracy theories, for example about the deaths of Princess Diana or John F Kennedy, are more likely to think that vaccines are unsafe. However, some researchers say we shouldn’t be too quick to blame children’s parents on rising infection figures. “It’s not all about the parents,” says Heather MacDougall, history professor at Canada’s University of Waterloo and co-author of a recent study on vaccination apathy. “History reveals systemic problems, including lack of public education, lack of access, lack of training, and perhaps most importantly, lack of political will for a national immunisation schedule,” MacDougall says, pointing to a vaccine scepticism that spans beyond the most recent wave in wealthy countries. In Africa, the WHO has found pockets of low immunisation coverage, while the political and economic crisis in Venezuela has pushed up measles cases there. Vaccination efforts in the world’s poorest countries are expected to prevent 20 million deaths and save US$350bil (RM1,449bil) in healthcare costs by 2020, researchers at University of North Carolina, United States, say. However, the WHO’s goal of eradicating measles by 2020 risks failure unless investment in immunisation and public support for the vaccine are shored up, the agency says. Measles is extremely contagious, and in some cases, can have severe long-term effects. The illness is characterised by flu-like symptoms and a rash that spreads to most of the body. It can be fatal in severe cases, and is especially dangerous for babies and toddlers. It is spread by coughing, sneezing, and close personal contact or direct contact with infected nose or throat secretions. The most vulnerable include unvaccinated young children and pregnant women, according to the WHO. “We risk losing decades of progress in protecting children and communities against this devastating, but entirely preventable disease,” WHO deputy director general Soumya Swaminathan says. – dpa [...]
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Oil prices rise, but set for first annual decline in three years
SINGAPORE: Oil prices edged higher on the last trading day of the year on Monday, taking a cue from firmer stock markets, but remain on track for the first yearly decline in three years amid concerns of a supply glut. [...]
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Huawei expects 21% revenue rise despite 'unfair' treatment
Chinese telecoms giant Huawei expects to see a 21% rise in revenue for 2018, its chairman said, despite a year of "unfair treatment" which saw its products banned in several countries over security concerns. [...]
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Virgil van Dijk reveals what has been behind Liverpool's rise to the top of the Premier League table
Van Dijk believes the unity shown in defence ensures that even when one of them has an off-day, the others pick up the slack to keep Liverpool on the up [...]
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Doctors Aren’t Getting Better at Treating Shooting Victims Even As Gun Deaths Rise
In November, after the American College of Physicians published a position paper on firearms and safety in a medical journal, the National Rifle Association publicly warned doctors to “stay in their lane”. Surgeons around the U.S. responded by posting grisly photos and stories of treating shooting victims—and the hashtag #ThisIsOurLane was born. Now, a new study published in JAMA Surgery finds that people who go to the hospital after being shot die from their injuries just as often as they ever have, despite improvements in survival for other types of trauma victims. The researchers compared the numbers of people who left the hospital after gunshot wounds with those who left after car accidents. The victims of both types of trauma are injured by external forces and arrive at the hospital in an ambulance requiring urgent care, usually by a trauma team. Surgeons often engage with both types of patients and care for them in similar ways, says Dr. Robert Tessler, lead author of the study and a surgery resident at the University of Pittsburgh Department of Surgery. Yet although they are treated similarly, the percentage of victims who leave the hospital alive in each case is quite different. Improvements in trauma and surgical procedures, as well as preventive policies, have meant that many more people survive after car accidents in 2013 than survived in 2003, the study says. But the number of shooting victims whom hospitals cannot save has not changed in the same time period. Using a decade’s worth of data from the National Trauma Data Bank National Sample Program and the CDC’s Wide-Ranging Online Data for Epidemiologic Research, the study found that there was an annual average 0.17% decline in the number of car accident accident victims who doctors could not save, while the number of gunshot victims who became fatalities showed no such drop. While that percentage seems small, it represents hundreds of lives a year. From a surgery standpoint, “we should be and probably are as good at taking care of firearm injuries as we are of injuries related to car crashes,” says Tessler, who did the study while he was at Harborview Injury Prevention & Research Center at the University of Washington. “If we’re getting better at one group of patients, we should be getting better at the other. But we’re not getting better at firearm injuries.” This suggests that firearm injuries may be getting more severe over time, he says. The study does not identify why there has been no concurrent decrease in the number of shooting victims who perish either in the hospital or before they arrive. But Tessler points out that there has been for many years a wealth of publicly available, detailed information about what causes traffic accidents. This has led to many interventions: speed limits, drunk- and distracted-driving laws, banked roads, new braking technology and more widespread use of such traffic-calming measures as speed humps and chicanes. “The science behind how to make cars safer is so impressive and effective,” says Tessler. No such granular detail exists for firearm deaths—even as the CDC reported in November that gun deaths are on the rise in the U.S. “Are the proportion of people being shot with high caliber weapons? How many times are they shot—are they being shot with a semi-automatic, multiple times at once?” Tessler says. Such information might help ascertain whether it’s the type of ammunition or the type of gun that’s hampering surgeons from saving more victims. Similarly, Tessler believes that understanding shooters’ behavior is a public health issue akin to understanding drivers’ behavior, because then public policy directives can be formed to address it. Of course, cars and guns have different purposes. One is to get you somewhere quickly and efficiently, and the other is to hit a target. But Tessler, who acknowledges that he has participated in advocacy for gun safety, notes that people are prepared to make cars slightly less effective at their job—slowing them down with traffic lights and stop signs and roundabouts—for the sake of safety. They might also take the same attitude toward guns, and reduce their efficiency to make them safer. As for the NRA’s charge that doctors are straying out of their area of expertise in taking a stance on firearms, Tessler disagrees. “These are our patients,” he says, of the people who come into the hospitals’ operating rooms. “We need to advocate for them as much in the street as in the O.R.” [...]
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Headline inflation to rise to 2.7% in 2019
KUALA LUMPUR: Malaysia's 2019 headline inflation is projected to rise to 2.7 per cent, mainly driven by additional pressure from the switch to targeted fuel subsidies, continued spillover effects from the reintroduction of the Sales and Service Tax and low-base effects during the three-month zero-rated Goods and Services Tax period. [...]
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China's new home prices rise 0.9% m/m in November
BEIJING: China's new home prices rose 0.9 percent in November from a month earlier, slower than a 1.0 percent increase in the previous month, Reuters calculated from data published on Saturday by the National Bureau of Statistics. [...]
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Wellness tourism is on the rise globally
Wellness tourism around the world grew nearly 7% annually between 2015 and 2017 to US$639bil (RM2.68tril) – more than twice as fast as tourism overall – and is forecast to reach US$919bil (RM3.86tril) by 2022. And while Europe may be the most popular destination for wellness travel, at an estimated 292 million trips in 2017, it’s North America that rakes in the big bucks, earning the most in tourism revenue. Those are among some of the big takeaways from a report released by the Global Wellness Institute and presented at the World Travel Market London, a major trade fair that took place recently. In the report, wellness tourism is defined as travel for the purpose of maintaining or improving health – not to be conflated with medical tourism, which involves travel to seek a specific medical treatment. Overall, in 2017 world travellers made 830 million wellness trips – 139 million more than in 2015. But while Europe and North America may lead the wellness tourism market now, analysts point out that wellness trips in Asia-Pacific have grown 33% in the last two years, making it the fastest growing market. Between 2017 and 2022, wellness tourism is also projected to grow 13% in Asia-Pacific to reach US$252bil (RM1.05tril) in revenue. Meanwhile, within the region, China and India are the strongest performers, having added roughly 22 million and 17 million wellness trips respectively from 2015 to 2017. “Wellness tourism burst into the consumer consciousness just a very few years ago, and it’s hard to grasp the speed of its growth and evolution,” authors note in the report. “Wellness, hospitality and travel are now converging in unprecedented ways, from the ‘healthy hotel’ concept going utterly mainstream to airports, airlines and cruises injecting so much wellness programming, to the profusion of ever-more-creative wellness destinations, retreats and tours.” The report also showed that wellness travellers are well-educated, open-minded globetrotters with money to burn, spending on average US$1,528 (RM6,417) per trip or 53% more than the typical international tourist. That’s even higher for domestic wellness tourists, who spend 178% more than the average domestic traveller, at US$609 (RM2,557) per trip. – AFP Relaxnews Here are the destinations that made the most money from wellness tourism in 2017: 1. United States 2. Germany 3. China 4. France 5. Japan 6. Austria 7. India 8. Canada 9. Britain 10. Italy [...]
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German orders rise for 3rd month, underpinning recovery hope
By BLOOMBERG FRANKFURT • German factory orders unexpectedly rose for a third month, underpinning growth momentum after Europe’s largest economy contracted in the third quarter (3Q). Orders gained 0.3% in October from the previous month, compared to the median estimate in a Bloomberg survey for a 0.4% drop. It’s the longest streak of monthly increases in a year. Orders dropped 2.7% on the year. The report confirms a Bundesbank prediction that the economy would see a fairly strong rebound in the 4Q as auto makers adapt to new emission testing and ramp up production. It comes at a key moment for the European Central Bank, where policymakers appear determined to cap-bond buying at year-end despite mounting signs of weakening momentum in the euro-area. Demand for investment goods was bolstered by orders from the euroarea, which surged 9.9%. Total orders from within the 19-nation bloc increased the most since January 2016. The Economy Ministry said the impact of new emissions-test standards is still noticeable in the car industry, although progress has been made in restarting production. Vehicle orders have revived markedly from a trough in July, according to the statement. Domestic orders fell the most since April. A report by IHS Markit earlier this week showed manufacturing activity in Germany lost momentum in November as new orders contracted at the fastest pace in four year. var VUUKLE_EMOTE_SIZE = "90px"; VUUKLE_EMOTE_IFRAME = "180px" var EMOTE_TEXT = ["HAPPY","INDIFFERENT","AMUSED","EXCITED","ANGRY","SAD"]The post German orders rise for 3rd month, underpinning recovery hope appeared first on The Malaysian Reserve. [...]
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Vienna premieres new opera on rise of far-right in Europe
VIENNA: World premieres are something of a rarity at the Vienna State Opera, but preparations are underway this week for the first performance of a new piece tackling the refugee crisis and the rise of far-right populism in Europe.It has been more then eight years since the State Opera, one of the world’s most important music theatres, commissioned and premiered a brand new work.The 44-year-old Austrian composer Johannes Maria Staud says being asked to write an opera for such a prestigious house was “invigorating”.“It really focuses the mind,“ he told AFP.Staud has already written two operas and his third, “Die Weiden” (The Willows), is being premiered on Saturday.The 135-minute work, scored for huge orchestra and live electronics, is based on a short story by British horror writer Algernon Blackwood and the novel “Heart of Darkness” by British writer, Joseph Conrad.The libretto, by German poet Durs Gruenbein, tells of a pair of young lovers, Lea and Peter, who go on a canoe trip into the country of Peter’s childhood.The further they paddle into a region whose inhabitants view everything foreign with suspicion, the fiercer the tensions between the two of them become.No time for escapismIn a joint interview with AFP, both the composer and the librettist said they could not have foreseen the current global political situation when they received the commission four or five years ago.“But we knew even then that now was not the time to write an escapist piece,“ Staud said.He said he found it “deeply alarming” that a far-right populist party, such as Austria’s anti-Islam, anti-immigration Freedom Party (FPOe), should be in government in a western democracy.Gruenbein noted that at the time they began work on the piece, “there was already a lot of debate about migration. People were already using terms such as ‘streams of refugees’.”But the pair of artists could not have anticipated “this spiral of hatred, the resentment, the unsayable becoming sayable”, Staud said.Gruenbein insisted “Die Weiden” was not intended as “a piece of political theory” with which to lecture the audience from a soapbox.“It wasn’t a narrative that we went looking for. It was already there, all around us,“ he said, while Staud felt he was driven by an almost “existential” need to write it.Quoting WagnerNeither was it the two men’s intention to be controversial, “even if we know that the piece will divide” Vienna’s culturally conservative audiences, Staud said.“We’re not looking to drive another wedge between people. Because it’s precisely a wedge that the populists are seeking to drive through the whole of society.”Nonetheless, a feeling of outrage over today’s politics was a key factor in the creative impulse, he said.It was the first time he had ever used musical quotations from another composer, in this case Richard Wagner, in any of his works, Staud added.Wagner was “the central fixed star of Germany’s dark romanticism” and “a great composer”.But even though Wagner was also was “an artist from whom I distance myself in many points” — particularly with regard to his anti-Semitism — Staud also felt the need to reappropriate him from far-right, Nazi and identitarian thinkers.“We’re taking back how we interpret Wagner and what his music means to us,“ Staud said.“Die Weiden” will receive an initial run of five performances and is being revived next season.The staging is by German director, Andrea Moses, with German conductor and contemporary music specialist, Ingo Metzmacher, in the pit. — AFP [...]
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Measles cases rise 30% worldwide: UN
MEASLES cases worldwide jumped more than 30% last year compared to 2016, with increases recorded in wealthy European countries like Germany where vaccination coverage has historically been high, the UN said last Thursday. The World Health Organization said the worrying trend of resurgent measles cases was a near global phenomenon, but the causes varied among regions. In Europe, the problem was blamed in part on complacency and misinformation about a vaccine proven to be both effective and safe. In Latin America, cases have spiked partly because of Venezuela’s collapsing health system, experts said. Martin Friede, WHO’s director of immunisation, vaccines and biologicals, told reporters that “supposed experts making accusations against the vaccine without any evidence” has had an impact on parents’ decisions. – AFP Relaxnews [...]
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MEF forecasts smaller pay rise
PETALING JAYA: The Malaysian Employers Federation (MEF) has forecast an overall 4.86% increase in salary for executives for 2019, which is a tad lower than the actual average pay rise of 4.88% in 2018.Its president Tan Sri Azman Shah Haron said the forecast salary increase for non-executives for 2019 is 4.89% compared with the actual average salary increase of 4.88% in 2018.“This (forecast of a marginally lower pay rise) is due to restructuring, downsizing and retrenchment by many companies,“ he said at the launch of MEF ‘s latest publication.This year, 92.4% of the respondent companies granted salary increases to executives, which was 1.9% fewer compared with in 2017.For non-executives, 92.7% of the respondent companies granted pay rise compared to 94.6% in 2017.Meanwhile, the MEF forecast an average bonus payout of 2.06 months for executives this year, which is slightly smaller than the 2.18 months of actual bonus granted last year.The average forecast bonus for non-executives is 1.97 months, slightly more than 1.95 months of actual bonus granted last year.The executive report covered 160 benchmark positions of 14,330 executives, while the non-executives report covered 32,464 non-executives with 109 benchmark positions.The first two publications are the federation’s flagship publications, the 24th edition of the MEF Salary Survey for Executives 2018 and MEF Salary Survey for Non-executives 2018.The next publication is the 13th Edition of the MEF analysis of collective agreements and awards of the industrial court on terms and conditions of employment 2017 which is compiled based on 263 collective agreements, and 24 industrial court awards on terms and conditions of employment handed down in 2017.And the last publication, which is the MEF Fringe Benefits Survey 2018, which provides information on benefits packages provided by the respondent companies covering a whole range of industries. [...]
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