Latest news with #SCMA
The Star
31-07-2025
- Business
- The Star
Ex-Pahang MB Adnan Yaakob fails in appeal to overturn RM84,000 penalty imposed by SC
PUTRAJAYA: Former Pahang menteri besar Tan Sri Adnan Yaakob failed in his appeal on Thursday (July 31) to overturn a summary judgement requiring him to pay an RM84,000 penalty to the Securities Commission (SC) for breaching provisions under the Capital Market and Services Act 2007 (CMSA). A three-man bench led by Justice Datuk Azimah Omar held that Adnan should have filed a judicial review to challenge the penalty, adding that on that ground alone, the appeal was bound to fail. Furthermore, she said Adnan failed to raise any triable issues in the light of his clear and unequivocal admission in his letter to the SC. The panel, also comprising Justices Datuk Wong Kian Kheong and Datuk Ismail Brahim, ordered Adnan to pay RM10,000 in legal costs. Adnan, who served as Pahang menteri besar from 1999 to 2018, was a member of the Board of Directors of Pasdec Holdings Bhd (Pasdec), whose largest shareholder is the Pahang State Development Corporation (PKNP) (Perbadanan Kemajuan Negeri Pahang). The SC, a statutory body established under the Securities Commission Act 1993 (SCMA), is vested with the functions and powers to enforce compliance with the SCMA and CMSA. On May 16, 2018, Pasdec issued an abridged prospectus that omitted material information. Pasdec failed to disclose PKNP's application for approval to subscribe to its entitlement at the issue price of RM0.35 per rights share, was still pending. As a member of the Pasdec's board of directors, Adnan, 75, had individually and collectively accepted responsibility for the omission. On July 22, 2020, SC issued a notice to Adnan stating that he had breached the provisions in CMSA and imposed sanctions, including reprimand and an RM84,000 penalty. However, no payment was made, and the SC initiated a civil suit in the Magistrate's Court in Kuantan. On Aug 25, 2022, the Magistrate's Court allowed the SC's application to enter a summary judgment against Adnan. His appeal to the High Court was dismissed on Feb 16, 2023. In Thursday's proceedings, Adnan, who holds a law degree from the International Islamic University Malaysia, represented himself. He submitted that he should not have been responsible for the breach because his role as Pasdec chairman was a state government appointment. Lawyer Lambert Rasa-Ratnam representing SC, argued that Adnan could have filed a judicial review to challenge the penalty imposed but did not do so. Lambert was also assisted by lawyers Chia Oh Sheng and Lim Jun Xian. - Bernama
Barnama
31-07-2025
- Business
- Barnama
Ex-Pahang MB Adnan Yaakob Fails In Appeal To Overturn RM84,000 Penalty Imposed By SC
PUTRAJAYA, July 31 (Bernama) -- Former Pahang menteri besar Tan Sri Adnan Yaakob failed in his appeal today to overturn a summary judgement requiring him to pay an RM84,000 penalty to the Securities Commission (SC) for breaching provisions under the Capital Market and Services Act 2007 (CMSA). A three-man bench led by Justice Datuk Azimah Omar held that Adnan should have filed a judicial review to challenge the penalty, adding that on that ground alone, the appeal was bound to fail. Furthermore, she said Adnan failed to raise any triable issues in the light of his clear and unequivocal admission in his letter to the SC. The panel, also comprising Justices Datuk Wong Kian Kheong and Datuk Ismail Brahim, ordered Adnan to pay RM10,000 in legal costs. Adnan, who served as Pahang menteri besar from 1999 to 2018, was a member of the Board of Directors of Pasdec Holdings Bhd (PASDEC), whose largest shareholder is the Pahang State Development Corporation (PKNP) (Perbadanan Kemajuan Negeri Pahang). The SC, a statutory body established under the Securities Commission Act 1993 (SCMA), is vested with the functions and powers to enforce compliance with the SCMA and CMSA. On May 16, 2018, PASDEC issued an abridged prospectus that omitted material information. PASDEC failed to disclose PKNP's application for approval to subscribe to its entitlement at the issue price of RM0.35 per rights share, was still pending. As a member of the PASDEC's board of directors, Adnan, 75, had individually and collectively accepted responsibility for the omission.
Otago Daily Times
22-06-2025
- Entertainment
- Otago Daily Times
Sing it with some country soul for the South
PHOTO: GREGOR RICHARDSON Meila Scully, 12, of Riversdale, was a finalist in the junior gospel, junior solo and open western sections of the Southern Country Music Awards (SCMA), at the Taieri Bowling Club on Saturday night. Organising committee chairwoman Julie Moyle said Meila was one of 179 entrants in the regional competition, held on Friday and Saturday. The winners were: Paul Downs (veteran section), Keily Smith (senior section), Cailin Henderson (intermediate section), Georgia Martin (junior section), Jacinta Kerepeti (songwriter section) and Hazel Evans (tiny tots section). All but Hazel will represent the South at the New Zealand Country Music Association Entertainer of the Year Awards in October, in Tauranga.
The Herald Scotland
30-04-2025
- General
- The Herald Scotland
Recruitment drive addresses 'urgent need' for childcare
The Scottish Childminding Association's (SCMA) Programme for Scotland's Childminding Future is entering its second year. It has created more than 1,000 new places for children across Scotland in 2024 by recruiting and retaining childminders. The Scottish Government added an extra £1.6 million in funding for the second year, bringing total government investment to more than £3m since 2024. SCMA efforts have previously targeted specific rural and urban communities in Scotland to address acute childcare shortages. At launch, the Programme for Scotland's Childminding Future partnered with 17 local authorities, which has now grown to 27. However, SCMA Chief Executive Graeme McAlister said that the increased participation from local authorities represents a shift in the type of needs around the country. 'The local authorities have been very much prioritising some geographical areas in need of childcare. But to be honest, as we got further into this work, the demand for childcare is now high in all areas. 'We find now that there is less targeting involved and much more widespread demand.' Local authorities can pay £325 per childminder recruited through Parental Employability Funding (PEF). However, Mr McAlister said that he recognises the serious budget constraints that councils face. 'The challenge is that local authorities have so much pressure on their budgets, even finding that money has been challenging for some.' The additional recruitment and retention of childminders isn't a 'magic bullet,' Mr McAlister said. Most childminders are registered to care for up to six children at a time, and 82% are sole practitioners. Although the number of families helped may be greater because they will not always look after the same children every day of the week, one or two additional childminders cannot always fully address the lack of choice or care available to parents in underserved areas. However, Mr McAlister said that childminders can provide communities with a different type of care compared to public and private nurseries. Employing flexible hours and caring for school-aged children allows childminders to support the children of working parents and also to care for their own children. Read more: Jacqueline Madeley, a new childminder recruited through the programme in Dumfries and Galloway, said that she can provide all-day care for eight children by offering times before and after school during the week. 'Childminding is so worthwhile. I love that I can plan our days around what the children are interested in and that I can choose the hours I work.' New childminders onboarded through the SCMA's programme receive a £750 startup grant, funded training, and one-to-one support with registering with the Care Inspectorate. Jacqueline Madeley is a new childminder who provides all-day care for eight children in Bridge of Dee, near Castle Douglas. (Image: SCMA) The programme was rolled out in 2024 following a pilot that helped to establish 100 new childminding businesses in targeted rural, island and urban areas. Another component of the SCMA's programme is increasing retention of existing childminders, focusing on providing increased mentoring support, learning and funded time off the floor for carers. The funded time off the floor trials give carers time to complete paperwork for their business, pursue professional development, and work towards qualifications without sacrificing pay. The trials provide funding for carers who need to complete these tasks on their own time and allow some to reduce their hours slightly during the week. Mr McAlister said that the SCMA is also working on a new trial to provide practitioner cover, which could have broader implications for the availability and flexibility of childminders. 'We're continuing to evolve our model for how we do things so we can apply learning as we go for the benefit of other communities. 'This very much started with very high-profile communities that local authorities wanted us to target. But unfortunately, because of the pressures we are experiencing in childcare generally over the last few years, it has now meant that most areas have an urgent need for childcare, so that accentuates the need for this programme.'
