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The EPF estimates that members will need to work between an extra four to six years to rebuild the savings that have been utilised during the pandemic.

Top read stories include Serba Dinamik, EPF, AirAsia X, Tesla

Corporate News

Serba Dinamik takes legal actions against EY Consulting to block release of findings

Serba Dinamik Holdings Bhd is taking Ernst & Young Consulting Sdn Bhd to court, seeking block its special auditor from revealing any findings from the special independent review. The Originating Summons (OS) against EY Consulting was filed at the High Court of Malaya on Nov 5, Serba Dinamik said today. Serba Dinamik, in July, appointed EY Consulting as the independent reviewer on Bursa Securities' directive to assess the veracity of the audit issues raised by its former auditor KPMG. EPF: Announcement on ESG practices by year-end The Employees Provident Fund (EPF) is expected to announce a sector sustainability policy framework by year-end as guidance for its future investment that will comply with environmental, social, and governance (ESG) practices. Chief investment officer Rohaya Mohammad Yusof said ESG has now become extremely important in investors' decision-making in order to achieve value enhancement as well as to mitigate risk. She said there is a lot of ongoing engagement with companies in order to understand where they are in this particular journey, given their differences in pace in ESG adoption. Astro-unveils-new-netflix-streaming-packages" style="color: blue; text-decoration: underline; --darkreader-inline-color: #337dff;" target="_blank">Astro unveils new Netflix streaming packages Astro Malaysia Holdings Bhd views its partnership with Netflix and new subscription packages to be its biggest draw to customers. Astro's group chief operating officer and chief executive officer for television operations Euan Smith said that the group would be able to draw in customers with the United States-listed over-the-top (OTT) streamer's huge additional content. Smith added that the exciting new features on the Ultra Box would allow its customers to enjoy more of their favourite local shows and live sports and now includes all of Netflix's originals, films and documentaries. Iconic completes construction of RM200mil PPE manufacturing facility Iconic Worldwide's wholly-owned subsidiary Iconic Medicare Sdn Bhd has completed its new RM200mil personal protective equipment (PPE) manufacturing facility for gloves and medical face masks here in Batu Kawan.In a statement Wednesday, Iconic said it obtained the Certificate of Completion and Compliance on Nov 9. At the initial stage, Iconic has started running four double former glove dipping lines, and plans to increase to six by end of the year. By the first quarter of 2022, a total of 12 double former glove dipping lines and 20 medical face mask production lines would be installed and commissioned.


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