Latest news with #GLT
New Indian Express
6 days ago
- Health
- New Indian Express
New vistas for nurses with German skills: APSSDC MD
How large is the pool of unemployed nurses in AP? There are around 32,000 sanctioned seats for nursing courses in the State. Every year, nearly 26,000 graduates pass out, and a significant number remain unemployed due to limited local job opportunities. When was the German Language Training (GLT) initiative launched? The programme began in 2023. From the first batch, 15 candidates underwent training, and two nurses have cleared the B2 level exam. They are preparing to move to Germany for job. What awareness initiatives have been taken to promote overseas placements? We have signed (Memoranda of Understanding) MoUs with four training partners, conducted a workshop with principals from 32 nursing colleges, and held awareness drives in over 80 institutions. We also used flyers, social media, and the press to widen our outreach. What kind of response are you seeing from the nursing community? The response has been very positive. Colleges are actively looking for German tutors, and many graduates are increasingly interested in pursuing placements abroad, especially in Germany.
Business Recorder
24-07-2025
- Business
- Business Recorder
FBR to strictly monitor tobacco movement
ISLAMABAD: The Federal Board of Revenue (FBR) will strictly monitor movement of processed tobacco from Tobacco Green Leaf Threshing (GLT) Units or warehouses to the manufacturing premises. In this regard, the FBR has issued Federal Excise General Order No. 01 of 2025 (Operations) on Wednesday. According to the FBR's excise order, the Board has directed that a GLT unit engaged in the local sales of processed tobacco and the warehouse shall not remove processed tobacco unless payment of FED is made and the following procedure and conditions are fulfilled, namely: (i); The tobacco GLT unit will issue an S-Track invoice showing particulars of the recipient, the processed tobacco and its destination, by using the login password of the S-Track system. In addition to the issuance of S-Track invoice, the processed tobacco shall not be removed from the tobacco GLT unless the Chief Commissioner-IR concerned has received intimation two days before the date of intended removal of processed tobacco disclosing the location of warehouse including its GPS location. (ii); The processed tobacco shall be removed in the presence of the Officer of Inland Revenue and shall be relocated in such place, which is publicly accessible by an Officer of Inland Revenue and relocation is made in the presence of an Officer of Inland Revenue or any officer appointed by the Chief Commissioner-IR concerned in this behalf (iii); The processed tobacco shall not be further relocated to any place except to the cigarette manufacturing premises. However, it shall not be relocated to the cigarette manufacturing premises unless the Chief Commissioner-IR concerned has received intimation in writing two days prior to the date of removal disclosing the location of the cigarette manufacturing premises including its GPS location and the relocation is made in the presence of an Officer of Inland Revenue or any officer as appointed by the Chief Commissioner-IR in this behalf. In case of removal of un-manufactured tobacco for exports the conditions as laid down in Federal Excise General Order No. 01 of2024 shall apply. (iv); The processed tobacco shall not be stored in a warehouse unless it has been duly declared to the Commissioner-IR and the Chief Commissioner-IR concerned. (v); The tobacco GLT shall record the movement of processed tobacco from the GLT in the form in Annex—I as specified through Federal Excise General Order No. 01 of 2024 dated 28th August, 2024. The person having control and management of the warehouse shall record the movement of the processed tobacco from the warehouse to the tobacco manufacturing premises in the form in Annex—II as specified through the said Federal Excise General Order No. 01 of 2024. An Officer of Inland Revenue duly authorized by the concerned Commissioner-IR or the Chief Commissioner-IR shall have free access at all time to any warehouse used for the storage of processed tobacco, FBR added. Copyright Business Recorder, 2025
The Star
20-07-2025
- Business
- The Star
New agrochemicals, stronger exports to boost Ancom Nylex profits
PETALING JAYA: Analysts remain positive on Ancom Nylex Bhd 's earnings outlook for the financial year ending May 31, 2026 (FY26), underpinned by the commercial rollout of new agrochemicals, stronger export performance and ongoing cost optimisation initiatives. The group posted a lower net profit of RM17.07mil for the fourth quarter of financial year ended May 31, 2025 (4Q25), bringing its full-year earnings to RM64.49mil. Quarterly revenue stood at RM459.37mil, while full-year revenue totalled RM1.87bil. Despite the year-on-year decline, Hong Leong Investment Bank (HLIB) Research said the results came in slightly ahead of its expectations at 106% of its forecast, and broadly in line with consensus estimates. Looking ahead, HLIB Research said earnings growth will likely be supported by the full commercialisation of Chemical T, a new active ingredient that began production in April 2025 and is expected to reach full annual capacity of 1,000 tonnes by the second quarter of calendar year 2025. The research house maintained its 'buy' call on Ancom Nylex, with an unchanged target price of RM1.13, based on 15 times FY26 forecast earnings per share (EPS) of 7.5 sen. Kenanga Research shared a similarly positive view, projecting a 50% year-on-year increase in FY26 core EPS to 8.8 sen, up from 5.9 sen in FY25. The forecast, however, was revised lower by 9% due to delays in monosodium methanearsonate (MSMA) herbicide approvals for the Brazilian soybean market and higher-than-expected freight costs. 'FY26 earnings could have been stronger if not for the delay in regulatory approval for Brazil's soybean segment,' it said, noting that approval is now more likely in FY27. In the near term, Kenanga Research expects earnings to be supported by improved MSMA exports, steady timber preservative sales under a three-year US supply contract, and contributions from newer active ingredients. Chemical T is set to provide full-year contribution in FY26, while another compound, Chemical S, is targeted to begin contributing from FY27. The group is also expected to benefit from cost savings arising from the relocation of its Singapore tank storage facilities to Johor, although industrial chemical margins are expected to remain tight. Kenanga Research also highlighted Ancom Nylex's potential upside from the ongoing reverse takeover of Green Lagoon Technology Sdn Bhd (GLT) via its 34%-owned associate, Ancom Logistics Bhd . Upon completion in FY26, Ancom Nylex is expected to hold a 22% stake in GLT, which will contribute recurring income through an annual profit guarantee of RM8mil to RM10mil. Meanwhile, the group's issued share base rose 10% in FY25 due to private placement and conversion of Warrant B, which is expiring in September.
Observer
07-05-2025
- Business
- Observer
Pact signed to establish advanced testing facility at Sohar Port and Freezone
Sohar Port and Freezone will soon have an advanced and comprehensive testing Centre for all imports and exports to ensure compliance with international quality and safety standards. An agreement to this effect was signed between Global Laboratories and Testing LLC and Al Madina Logistics to establish an advanced testing facility at the Port at the Oman Logistics Day 2025, where 18 investment agreements totalling over RO 100 million were signed to advance the nation's logistics sector. The agreement was entered into by Mahmood bin Sakhi al Balushi, CEO of Al Madina Logistics, and TK Vijayan, Chairman of Global Laboratories and Testing LLC. 'This initiative is part of a broader strategy unveiled during the Oman Logistics Day 2025, and the collaboration between Global Laboratories and Al Madina Logistics underscores a shared commitment to elevating Oman's trade capabilities and ensuring the highest standards of product safety and quality in the global marketplace. The new facility aims to provide comprehensive testing services for all imports and exports processed through Al Madina Logistics, to ensure international standards,' said Mahmood bin Sakhi al Balushi, CEO of Al Madina Logistics. Al Madina Logistics, a leading logistics provider in Oman, operates the Sohar Logistics Hub, strategically located near Sohar Port. The collaboration with GLT is expected to streamline the testing and certification processes for goods, thereby facilitating smoother trade operations and bolstering Oman's position as a logistics hub in the region. 'We believe it is a significant development for Oman's logistics and trade sectors by Global Laboratories and Testing LLC (GLT) partnering with Al Madina Logistics to enter into a strategic agreement to establish a state-of-the-art testing laboratory at the Sohar Logistics Hub. We hope to meet the global standards in serving clients from Oman and beyond and support the nation in meeting the Vision 2040 goals,' said TK Vijayan, Chairman of Global Laboratories and Testing LLC. Established in 2011, Global Laboratories and Testing LLC is a GAC-accredited laboratory renowned for its advanced technical capabilities and cutting-edge instrumentation. The laboratory offers a wide range of testing services, including analyses of food substances, water, cosmetics, petroleum products, and more, catering to the diverse needs of Oman's industries. Key projects signed at the OLD 2025 include the development of LNG infrastructure at Sohar Port and the establishment of a drone research academy at Muscat International Airport.
