Latest news with #CLS
Daily Record
2 days ago
- Health
- Daily Record
Loaves and Fishes welcome Kilbryde Hospice wellbeing hub to new base
'A Safe Space to Talk' has found a new home at Loaves and Fishes as the hospice and multibank unite to deliver community-led support in East Kilbride. A Safe Space to Talk - East Kilbride's innovative drop-in wellbeing hub - is entering an exciting new chapter as it transitions from Kilbryde Hospice to a new community location at Loaves and Fishes. From July, the initiative will be hosted by Kilbryde Hospice on the first Tuesday of each month, with remaining weekly sessions taking place at Loaves and Fishes in the former Greenhills Library. Kilbryde say this move reflects the strength of collaborative partnership working across East Kilbride, uniting third sector organisations and public services to meet the wider needs of local people. The model is underpinned by the principles of Community-Led Support (CLS) and the Marmot Place approach - recognising that good health and wellbeing are shaped not just by clinical care, but by the social conditions in which people live. "'A Safe Space to Talk' has shown the power of local collaboration," said Gordon McHugh, chief executive of Kilbryde Hospice. 'This isn't about any one organisation - it's about working together, listening to local people, and responding with real, human support where it's needed most.' Since launching earlier this year, the initiative has offered a warm, welcoming space where residents can drop in and access support for: health and emotional wellbeing, caring responsibilities and bereavement, housing, financial stress, and social isolation and relaxation therapies and creative sessions. The shift into Greenhills - one of East Kilbride's most socially and economically disadvantaged areas - allows the hub to connect with even more people in a place-based and inclusive way. Kilbryde say this approach serves as a test of change that could inform the development of a wider network of community hubs shaped by what matters most to local people. The success of 'A Safe Space to Talk' is built on strong partnership working between Kilbryde Hospice, Loaves and Fishes, Healthy and Active, South Lanarkshire Health and Social Care Partnership, NHS Lanarkshire Health Improvement Team, and a range of community organisations. 'This is about meeting people where they are - in every sense,' said Ann McLaughlin, Senior Health Improvement Manager, South Lanarkshire HSCP. 'Through partnership, shared learning, and trust, we're building something that truly belongs to the community.' A public community event will mark the hub's official launch at Loaves and Fishes later this summer.
New Straits Times
2 days ago
- Business
- New Straits Times
HLIB raises MN earnings forecasts on new CLS contract
KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) has increased its earnings forecast for MN Holdings Bhd for financial year 2026 (FY26) and FY27. This follows a new contract award and a higher assumption for future job wins. The firm has revised its FY26 and FY27 earnings upwards by 6.8 per cent and 7.5 per cent, respectively, it said in a research note today. The firm also maintained its "buy" call for the company, raising its target price to RM1.88 a share from RM1.76 previously. This is based on 20 times the FY26 fully diluted earnings per share of 9.4 sen. This revision reflects a RM39.5 million contract secured for a cable landing station (CLS) expansion project and a higher projected FY26 contract win assumption of RM450 million, up from RM397 million. "We view this latest win as a strong validation of MN Holdings' execution capabilities and believe it strengthens the group's position to secure upcoming CLS-related packages at this site. "If successful, we estimate this site alone could contribute an additional RM130 million in contract opportunities," it said. HLIB noted that one of MN Holdings' major data centre projects is nearing completion, with progress at 80 per cent. In view of this, only minimal contribution is expected in the coming quarter. The firm expects a temporary quarterly decline in earnings before growth resumes in subsequent quarters as newly secured data centre projects begin to ramp up. "In our view, this short-term softness is already well anticipated by the market and is unlikely to pose significant downside risk to the group's share price, given its transitory nature," it added. Within the ongoing data centre tender pipeline, MN Holdings has up to five active projects involving a mix of Chinese and US players. HLIB expects more data centre-related infrastructure jobs to come onstream following Tenaga Nasional Bhd's (TNB) latest data centre electricity supply agreement signings, which have now increased to 6.4 gigawatts (GW) from 5.9GW in the fourth quarter of 2024. "We continue to see MN Holdings as a credible co-tender, supported by its solid execution track record, particularly in delivering CLS projects under tight timelines. "This capability has been evident in several of its recent data centre-related wins, many of which marked the clients' first data centre set-ups in Malaysia," it added. The firm noted that the company's order book remained robust at RM1.13 billion as of March 27, with approximately 90 per cent stemming from the substation engineering segment. Despite the strong order book, tender activity remains healthy, with jobs valued at around RM1.85 billion, over 70 per cent comprise data centre and TNB projects.
South China Morning Post
3 days ago
- Business
- South China Morning Post
Reaping of the sow: China to reduce pig count by 1 million amid low prices, deflation risk
China's national breeding sow inventory will be reduced by 1 million from the current level of 40.38 million to ease an oversupply of pork in the market that has suppressed swine prices and raised deflationary pressures in the economy. While specifics of the reduction were limited, it would take the national sow herd size down to 39.5 million, said in an exclusive report, citing a plan proposed by the Ministry of Agriculture and Rural Affairs last week. The ministry was looking to ease industry losses caused by an oversupply of hogs and persistently low pork prices, the website, which is an online tech and financial news platform, reported on Tuesday. In addition to cutting the number of sows, regulators have reportedly introduced stricter rules for pig farms, like prohibiting pigs that have already reached the slaughtering standard from continuing to be fed to increase their weight before being sold – an industry practice blamed for worsening short-term oversupply and further depressing prices. The measures are not only aimed at restoring a healthier supply-demand balance in the pork sector, but also at easing deflationary pressure in the broader economy, since the price of pork is highly weighted in China's consumer price index that tracks the price changes of a basket of goods and services purchased by consumers. 2025 could be another year with persistent deflationary pressures, unless the stimulus is big enough to create another credit upcycle, according to a report by Macquarie last week. China's GDP deflator has fallen for eight quarters in a row, marking the longest deflationary streak in the past four decades, the report said, referring to the measurement of the overall price level for new, domestically produced goods and services – making it a broad measure for inflation.
New Straits Times
3 days ago
- Business
- New Straits Times
MN Holdings unit secures contract worth RM39.53mil for EPCC project
KUALA LUMPUR: MN Holdings Bhd's (MNHB) wholly owned subsidiary MN Power Transmission Sdn Bhd (MNPTSB) has accepted a letter of award (LOA) for a contract worth RM39.53 million. The LOA was awarded by a company that provides information technology services in relation to a project involving engineering, procurement, construction, and commissioning (EPCC) of proposed electrical supply system for a cable landing station (CLS) of a data centre located at the southern region of Malaysia. "The scope of works comprises supply, erect, install, testing and commissioning all substation equipment and associated civil works for the expansion of electrical supply system for the CLS," it said in a filing with Bursa Malaysia today. MNHB said the contract commenced on April 15, 2025 with the long lead equipment (LLE) delivery to be completed tentatively on Sept 30, 2025, followed by the completion of power turn-on Dec 30, 2025. "The LOA will not have any effect on the issued share capital and the shareholding of the substantial shareholders of MNHB. "However, it is expected to contribute positively to the future earnings and net assets per share of the company upon commencement of the project," it added.
Finextra
5 days ago
- Business
- Finextra
ABN Amro joins CLSSettlement
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announced that ABN AMRO has re-joined CLSSettlement as a settlement member effective May 5. 0 The bank joins 73 other leading banks in becoming a settlement member in CLSSettlement. ABN AMRO was part of the first group of settlement members that went live in CLSSettlement when the service launched in 2002. It subsequently transitioned to indirect participation as a third-party participant in 2009. The bank's recent decision to re-join as a settlement member highlights its commitment to reducing FX settlement risk and improving operational efficiency through payment-versus-payment (PvP) solutions. CLSSettlement is recognized as the global standard for FX settlement risk mitigation, settling over USD7 trillion of payment instructions daily across 18 of the most traded currencies. As the FX market evolves, the demand for secure and efficient settlement mechanisms continues to grow, particularly among financial institutions seeking to align with the settlement risk best practices outlined in Principle 35 of the FX Global Code1. Additionally, ABN AMRO will offer third-party access to CLSSettlement for its clients, further demonstrating its commitment to implementing robust FX settlement risk management practices and operational excellence within the broader FX ecosystem. Lisa Danino-Lewis, Chief Growth Officer, CLS said: 'We are delighted to welcome ABN AMRO as a settlement member to CLSSettlement. The bank's decision reflects the wider benefits of CLS's PvP settlement system, such as our approach to multilateral netting and the in/out swap tool which delivers capital and liquidity efficiencies. Settlement members who use both solutions only fund around 1%2 of the total value of their payment instructions on a typical day, enabling cash flow to be available for other business operations like trading, sales and business growth.' Jacco Keijzer, Head of Global Markets, ABN AMRO commented: 'Mitigating FX settlement risk has always been a priority for ABN AMRO. As a long-standing participant in CLSSettlement, we recognize the value it brings to our operations while supporting our adherence to global best practices. Becoming a settlement member reflects our dedication to creating a more robust and efficient FX ecosystem, while ensuring our FX operations uphold the highest standards of operational efficiency and risk mitigation.'
