Latest news with #Agreements
The Sun
10 hours ago
- Business
- The Sun
AMESU signs 6 landmark deals to raise plantation wages
SHAH ALAM: The All Malayan Estates Staff Union (AMESU) marked a historic milestone today by signing six Collective Agreements (CAs) simultaneously with plantation sector employers. The signing ceremony, which was witnessed by Human Resources Minister Steven Sim Chee Keong, involved representatives from the Malayan Agricultural Producers Association (MAPA), IOI Group of Companies, Dara Lam Soon Sdn Bhd, Arah Kawasan Sdn Bhd, HK Gua Musang Sdn Bhd, and YPJ Plantations Sdn Bhd. In his speech, Sim noted that AMESU, established in 1927, is one of the country's oldest trade unions, representing over 5,000 workers, while MAPA serves as the umbrella body for 120 major plantation companies nationwide. 'This ceremony marks an extraordinary achievement in the history of workers' rights, as this is the first time six collective agreements have been successfully signed simultaneously,' he said. He noted that the agreements are expected to boost worker welfare and enhance productivity across the plantation sector. Under the new agreements, all AMESU members will receive salary increases of up to 12 per cent. Interestingly, Sim said the increment is retroactive, effective from Jan 1, which means that workers will also receive backdated payments ranging from RM3,000 to RM10,000, depending on their job grade, years of service, and allowance structure. Furthermore, he said workers covered under the agreements between AMESU, MAPA, and the six plantation firms will no longer be subject to the minimum wage threshold of RM1,700 per month. 'Instead, the agreed salary structure sets a new starting wage at RM1,800 per month, which is higher than the current minimum wage,' he added.
Barnama
12 hours ago
- Business
- Barnama
AMESU Signs Historic Six Collective Agreements With Plantation Employers
SHAH ALAM, June 23 (Bernama) -- The All Malayan Estates Staff Union (AMESU) marked a historic milestone today by signing six Collective Agreements (CAs) simultaneously with plantation sector employers. The signing ceremony, which was witnessed by Human Resources Minister Steven Sim Chee Keong, involved representatives from the Malayan Agricultural Producers Association (MAPA), IOI Group of Companies, Dara Lam Soon Sdn Bhd, Arah Kawasan Sdn Bhd, HK Gua Musang Sdn Bhd, and YPJ Plantations Sdn Bhd. In his speech, Sim noted that AMESU, established in 1927, is one of the country's oldest trade unions, representing over 5,000 workers, while MAPA serves as the umbrella body for 120 major plantation companies nationwide. 'This ceremony marks an extraordinary achievement in the history of workers' rights, as this is the first time six collective agreements have been successfully signed simultaneously,' he said. He noted that the agreements are expected to boost worker welfare and enhance productivity across the plantation sector. Under the new agreements, all AMESU members will receive salary increases of up to 12 per cent. Interestingly, Sim said the increment is retroactive, effective from Jan 1, which means that workers will also receive backdated payments ranging from RM3,000 to RM10,000, depending on their job grade, years of service, and allowance structure. Furthermore, he said workers covered under the agreements between AMESU, MAPA, and the six plantation firms will no longer be subject to the minimum wage threshold of RM1,700 per month. 'Instead, the agreed salary structure sets a new starting wage at RM1,800 per month, which is higher than the current minimum wage,' he added.
Daily Express
10-06-2025
- Business
- Daily Express
Equal legal protection of Sabah, Sarawak workers: Enforcement of amended Sabah labour law ends 20 years of injustice
Published on: Tuesday, June 10, 2025 Published on: Tue, Jun 10, 2025 Text Size: From left: Datuk Indra Ayub, Dr Kelvin Yii, Wan Zulkifli, Steven Sim, Mohd Shahbudin, Saidih Alih and Mohd Airy Arin. Kota Kinabalu: Minister of Human Resources Steven Sim Chee Keong said Sabah and Sarawak workers cannot enjoy lesser legal protection than their peninsula counterparts. 'All workers in Malaysia must be treated equally. With the enforcement of the ordinance amendments, we have ended two decades of injustice,' he said, during a working visit, recently. Advertisement Steven stressed the importance of direct engagement with workers and union leaders, a practice he aims to instil throughout the Ministry. 'Face-to-face engagement must become a continued practice for every Minister of Human Resources. I hope that even after I no longer hold this position, unions will continue to advocate for this tradition to be upheld. 'Such visits are crucial as they involve senior Ministry officials, allowing us to hear firsthand the challenges at the grassroots level. We should not wait for workers to come to us with complaints; we must go to them,' he said. The visit marked his first following the enforcement of amendments to the Sabah and Sarawak Labour Ordinance, which came into effect on May 1, 2025. The amendments to the Labour Ordinance provide direct benefits to workers, including a reduction of working hours by 3 hours to 45 hours per week, 98 days of maternity leave, seven days of paternity leave, and an expansion of the ordinance's coverage to all workers, regardless of salary, unlike the previous limit of RM2,500. He praised SHRREU for its courage and perseverance in fighting for the rights of hospitality and restaurant workers, a struggle that began in 2013. The union has since taken its case to the Federal Court to defend workers' rights regarding service charges and minimum wages. 'From just six members, SHRREU now boasts more than 400 members and its own office. This is proof that when workers unite, they can become strong and bold in demanding their rights,' he said. The Minister also encouraged unions to negotiate starting salaries above the minimum wage, highlighting the importance of written Collective Agreements (CAs) between employers and unions in safeguarding workers' rights. 'The minimum wage is set by the government for workers who do not have a CA. If there is a CA, the starting salary must be above the minimum wage. This is my message to all employers and union leaders,' he emphasized. Steven congratulated SHRREU's Secretary-General, Mohd Shahbuddin Abdullah, on his appointment as a permanent member of the Sabah Labour Advisory Council (SLAC), established on May 13, 2025, after years of advocacy - strengthening the voice of Sabah's workers at the national policy level. 'We not only want laws to be consistent across the country but also to ensure that worker representatives and unions sit together at the table for national labour policy negotiations,' he added. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
05-06-2025
- Business
- Yahoo
Great Northern Energy Metals Announce Amendment Agreements to Nuvemco Option Agreement
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CSE: GNEM VANCOUVER, BC, June 4, 2025 /CNW/ - Great Northern Energy Metals Inc. ("GNEM" or the "Company") (CSE: GNEM) announces that it has amended the option agreement dated August 20, 2024 (the "Option Agreement") with Ventura Uranium LLC (dba Nuvemco, LLC) ("Nuvemco"), 1494402 B.C. Ltd. (the "Optionee") and Paul Szilagyi ("PS", and together with Nuvemco, the "Optionors"). The Optionee's obligations under the Option Agreement were assigned to GNEM pursuant to an assignment an assumption agreement dated May 8, 2025 (the "Assignment Agreement"). Under the terms of the Option Agreement, the Company has the exclusive right to acquire up to a 100% interest in a Colorado-based uranium project (the "Property") through a two-stage option to acquire all of the membership interests in a Colorado limited liability company, NUV2C, LLC ("Holdco"), which holds legal and beneficial title to the Property. Nuvemco currently owns 99% of Holdco, and PS owns the remaining 1% of Holdco. GNEM may exercise the first option and earn a 49% interest in Holdco in exchange for: cash payments to Nuvemco totaling USD$1,750,000 over 17 months (with the first such payment being the "First Pubco Cash Payment"); and the issuance of common shares in the capital of GNEM (the "GNEM Shares") to Nuvemco and/or its designees a number of GNEM Shares that is equal to 16.66% of the issued and outstanding GNEM Shares, calculated on a post-issuance, fully diluted basis at the time of issuance (with the first such issuance being the "First Option Share Payment"). Following the exercise of the first option, the Company may exercise the second option and acquire the remaining 51% interest in Holdco in exchange for the issuance of GNEM Shares to Nuvemco and/or its designees representing an additional 23.33% of the Company on a post-issuance, fully diluted basis. GNEM and the Optionors have entered into amendment agreements dated May 15, 2025 (the "First Amendment Agreement") and June 2, 2025 (the "Second Amendment Agreement", and together with the First Amendment Agreement, the "Amendment Agreements"). The First Amendment Agreement extended the date for the First Pubco Cash Payment and the First Option Share Payment to June 4, 2025. The Second Amendment Agreement has further extended the date for the First Pubco Cash Payment and the First Option Share Payment to June 26, 2025. Except as amended by the Amendment Agreements, the Option Agreement and Assignment Agreement remain unamended and continue in full force and effect. Please see the Company's news releases dated May 9, 2025 and June 2, 2025. The completion of the transactions contemplated therein is subject to approval of the Canadian Securities Exchange (the "CSE"). None of the securities to be issued under the Option Agreement have been or will be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. About Great Northern Energy Metals Inc. GNEM is a Canadian-based exploration and development company focused on securing and developing critical energy metals, including uranium. The Company's mission is to support the global transition to clean energy through responsible resource development. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements", including but not limited to: the payments to be made under the Option Agreement, the development potential of the Property, approval of the CSE, and GNEM's strategic objectives. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. SOURCE Great Northern Energy Metals Inc. View original content: Sign in to access your portfolio
Gulf Insider
03-06-2025
- Business
- Gulf Insider
'If You Own A Property In India...': Investment Banker Warns Of Big Real Estate Shake-Up
India is on the verge of overhauling a 100-year-old property registration system, aiming to shut down a major loophole that has long enabled real estate fraud—especially against NRIs. Investment banker Sarthak Ahuja sounded the alarm on LinkedIn, calling the upcoming Registration Bill 2025 'something every property owner in India can't afford to ignore.' The proposed law promises to digitize the country's fragmented property records, making all title deeds, owner identities (Aadhaar-linked), and existing bank liabilities available online for instant verification. Ahuja highlights that under current laws, properties are often sold by individuals who aren't the rightful owners—especially in NRI cases, where absentee landlords may only realize the fraud years later. 'This is the biggest real estate fraud today—where someone sells what they don't own, and buyers lose everything,' he wrote. The new bill mandates that not just sales but even Agreements to Sell and Builder Agreements must be registered online, cutting off the practice of one property being promised to multiple buyers. Documents executed under Power of Attorney—some decades old—will also need to be uploaded to the new system once the law is enacted. Ahuja warns that property owners must get ahead of the change. Any inconsistencies in name spellings, address mismatches, or outdated utility bill details could cause serious trouble when the online system launches. 'This is the time to clean up your paperwork,' he advised. While the full rollout process and the official website are yet to be announced, the direction is clear: India's real estate records are moving online, and the margin for error—or deception—is about to shrink dramatically.
