first_imgzoomImage Courtesy: MISC Group MISC Group, a provider of energy-related maritime solutions and services, closed 2018 with 12.8% lower revenue year over year. The group’s revenue dropped to MYR 8,780.3 million (USD 2155.47 million) in 2018 from MYR 10,068.2 million reported a year earlier.As explained, all segments recorded lower revenue excluding heavy engineering following higher revenue from ongoing projects in the current year.LNG segment experienced a reduced number of operating vessels following the expiry of a charter contract in June 2017 and suspension of a charter contract due to geopolitical situation in the current year together with lower charter rate following contact renewal of an LNG carrier in October 2017.What is more, offshore segment’s decrease in revenue is due to lower construction revenue for FSO Benchamas 2 in the current year as well as a recognition of one time gain for GumusutKakap Semi-Floating Production System (L) Limited (GK) variation works.Group operating profit for the year ended December 31, 2018 was MYR 1,466.3 million, a decrease of 45.8% from the operating profit of MYR 2,705.1 million seen in 2017.According to MISC, the decrease was mainly impacted by lower revenue. In addition, higher bunker costs incurred in the petroleum segment and close-out of completed projects in the prior year and insufficient contribution to absorb fixed overheads in the current year in the heavy engineering segment have further dampened current year’s overall operating profit.Moreover, the group’s profit before tax of MYR 1,344.1 million was lower than the corresponding year’s profit before tax of MYR 2,003.5 million, caused by the drop in the operating profit.“Volatile market conditions continue to affect the players in the industry on a global scale. In the face of this challenging market, MISC has proven its strength and capability in securing investment growth of more than USD900 million. Our financial stability is further affirmed when we recorded strong credit ratings in the maritime sector with Moody’s Investors Service, affirming a Baa2 issuer rating and S&P Global Ratings affirming a BBB+ long-term corporate credit rating,” Yee Yang Chien, MISC’s President/Group Chief Executive Officer, said.“We believe that business and operational performance go hand in hand for us to consistently provide better energy related maritime solutions and services,” he added.As of December 31, 2018, MISC Group’s fleet consists of more than 120 owned and in-chartered LNG, petroleum and product vessels, 15 floating production systems (FPS) as well as two LNG floating storage units (FSUs). The fleet has a combined dwt capacity of approximately 16 million tons.last_img read more

first_imgDarjeeling: The Gorkha Janmukti Morcha (Binay Tamang faction) has announced help to the Gorkha families who have been left out of the NRC, to take their cases to the Foreign Tribunal or the Supreme Court.”The persons who have been left out of the NRC will get a 120 day period to plead their cases in the Foreign Tribunal or the Supreme Court. As it involves a lot of money, it will be very difficult for the economically weaker sections who have already sold off all their belongings to appear for the multiple hearings in distant places. We will provide them with all support to take their cases to the Foreign Tribunals or the Apex Court. For this we will not collect any money from Assam. We have already told them to approach our representatives within a month with proper documents so that their cases can be put up,” stated GJM president Binay Tamang. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaTamang was addressing media persons in Darjeeling following a 4-day tour of Assam to study the ground reality and meet with the Gorkha families whose names have been struck off. There are more than 1 lakh Gorkhas whose names have been struck off the list. “Along with this legal aspect, we will counter this problem on an administrative and political level. On the administrative front, we will write to the Prime Minister and Union Home minister. We will also seek their appointment so that this grave issue can be discussed. We demand that the Gorkhas be enlisted in the Protected List, thereby declaring them as original inhabitants,” Tamang said.last_img read more

first_imgSeasonal changes are the times when people are more prone to falling ill. But nutritionists and health coaches have tips at hand to help you boost immunity and stay fit, no matter what the weather. Your go-to drink: Start your day with coconut water, instead of tea. Let a natural drink, and not a concoction, be the first thing you put in your body. Breath of life: Pre and post sleeping, concentrate on inhalation and exhalation just for 2 minutes to clear your thoughts and start your day fresh. Also Read – An income drop can harm brainDrink your superfluids:16 ounces of celery juice can detox your kidneys and make your body alkaline and increase your productivity. Your immunity booster: Sip warm water with ginger wedges and mint leaves to keep the flus and virus at bay. Drum away inflammation: Consume drumsticks as much as your can, and creatively. Use the beans and leaves in soup, sambhar and buddha bowls. You can also blend moringa powder in your smoothies or drink it like a shot with aloe vera juice. Ditch the treadmill: Indulge in creative workouts like the prowl, which is inspired by animal movements that engage all your body muscles. Exercises like prowl and zumba help you burn more calories and are way more fun than aimlessly walking on a treadmill.last_img read more

first_imgCD Foundation organised a Coffee Morning with Embassy of Islamic Republic of Afghanistan Charge D’affaires Tahir Qadiry, where he announced 15-day long Afghanistan Food and Culture Festival in collaboration with CD Foundation. The food festival will be held during October in New Delhi, on the occasion of 100th Independence Anniversary of Afghanistan.This is an initiative taken by CD Foundation to further strengthen India-Afghanistan friendship. Food and Culture Festival is one out of total eight events which will take place during 100th Independence Anniversary celebration of Afghanistan. Live Afghani Band performance, Ghazal performance, Cricket match and many more events will be held. On the occasion, Founder Director of CD Foundation Charu Das was felicitated by Tahir Qadiry from Embassy of the Islamic Republic of Afghanistan. Dr Sandeep Marwah, Chairman of AAFT and President of Marwah Studio, who was also present at the venue, extended his support to the festival. Besides the food stalls and live kitchen display of Afghanistan cuisines, handicraft and textile exhibition, fashion shows, cultural performance by popular Indian artists, conferences, workshops, media interaction and meets will attract visitors. Also, a filmmakers meet – where renowned film makers from Afghanistan and India will come together – will be held.last_img read more