Latest news with #MFS
The Sun
18 hours ago
- Automotive
- The Sun
Sarawak's 11th Multifuel Station in Batu Kawa to open soon
KUCHING: The Petros Multifuel Station (MFS) in Batu Kawa is set to begin operations soon, making it the 11th MFS in Sarawak and the second flagship station in the state equipped with hydrogen dispensing capabilities. In a statement today, Sarawak Economic Development Corporation Energy (SEDCE) said the physical structure of the station has been fully completed, and the team is now working closely with regulatory authorities to ensure full compliance before commissioning. 'MFS Batu Kawa is the second flagship station after MFS Darul Hana. It is designed to offer conventional fuels, fast electric vehicle (EV) charging and hydrogen dispensing,' it said. According to the statement, MFS Batu Kawa will receive its hydrogen supply from MFS Darul Hana, which houses an on-site hydrogen production plant with a capacity of 150kg. 'The hydrogen will be transported via tube trailers, and a Mobile Hydrogen Refuelling System will be used to dispense the fuel. This distribution model is the first of its kind in the region,' it added. Earlier today, Sarawak Deputy Premier Datuk Amar Dr Sim Kui Hian visited the site and was briefed on the station's progress and key features. SEDCE also said that the Koperasi Bomba dan Penyelamat Malaysia (KOBOPEM) was appointed earlier this year as the operator of MFS Batu Kawa to support the cooperative in generating sustainable income for its members. To date, 10 multifuel stations are fully operational across Sarawak, namely in Darul Hana (Kuching), Daro, Kanowit, Kuala Matu, Brooke Drive (Sibu), Selangau, Tatau, Kapit, Sungai Asap, and Jepak. Meanwhile, SEDCE said four more flagship stations are in the pipeline in Sri Aman, Sibu, Bintulu, and Miri. Construction of the Bintulu station at Jalan Sultan Iskandar is expected to begin in the second half of this year. 'Three MFS are currently under construction, and more than 40 sites are in the planning and processing stages across Sarawak. 'Once completed, these stations will provide customers with a network of EV charging facilities in addition to conventional fuels,' it added.
The Sun
19 hours ago
- Automotive
- The Sun
11th Petros Multifuel Station in Sarawak to open in Batu Kawa
KUCHING: The Petros Multifuel Station (MFS) in Batu Kawa is set to begin operations soon, making it the 11th MFS in Sarawak and the second flagship station in the state equipped with hydrogen dispensing capabilities. In a statement today, Sarawak Economic Development Corporation Energy (SEDCE) said the physical structure of the station has been fully completed, and the team is now working closely with regulatory authorities to ensure full compliance before commissioning. 'MFS Batu Kawa is the second flagship station after MFS Darul Hana. It is designed to offer conventional fuels, fast electric vehicle (EV) charging and hydrogen dispensing,' it said. According to the statement, MFS Batu Kawa will receive its hydrogen supply from MFS Darul Hana, which houses an on-site hydrogen production plant with a capacity of 150kg. 'The hydrogen will be transported via tube trailers, and a Mobile Hydrogen Refuelling System will be used to dispense the fuel. This distribution model is the first of its kind in the region,' it added. Earlier today, Sarawak Deputy Premier Datuk Amar Dr Sim Kui Hian visited the site and was briefed on the station's progress and key features. SEDCE also said that the Koperasi Bomba dan Penyelamat Malaysia (KOBOPEM) was appointed earlier this year as the operator of MFS Batu Kawa to support the cooperative in generating sustainable income for its members. To date, 10 multifuel stations are fully operational across Sarawak, namely in Darul Hana (Kuching), Daro, Kanowit, Kuala Matu, Brooke Drive (Sibu), Selangau, Tatau, Kapit, Sungai Asap, and Jepak. Meanwhile, SEDCE said four more flagship stations are in the pipeline in Sri Aman, Sibu, Bintulu, and Miri. Construction of the Bintulu station at Jalan Sultan Iskandar is expected to begin in the second half of this year. 'Three MFS are currently under construction, and more than 40 sites are in the planning and processing stages across Sarawak. 'Once completed, these stations will provide customers with a network of EV charging facilities in addition to conventional fuels,' it added.
Borneo Post
20 hours ago
- Business
- Borneo Post
Petros multifuel station in Batu Kawa on track to start operations soon — SEDCE
KUCHING (June 22): The Petros Multifuel Station (MFS) Batu Kawa, the second flagship station equipped with hydrogen supply and 11th station in Sarawak, is on track to being operational soon. Deputy Premier Datuk Amar Dr Sim Kui Hian in a recent visit to the site was briefed on its progress and features by the Sarawak Economic Development Corporation Energy (SEDCE) team. 'The physical structure of the MFS is fully completed, and the team is working closely with the regulatory authorities before the station can be operated,' said SEDCE in a statement. MFS Batu Kawa is the second flagship station after MFS Darul Hana, which is designed for conventional fuels, fast EV chargers and hydrogen dispensing. It will be getting its hydrogen supply from MFS Darul Hana, where the onsite hydrogen plant with 150kg production capacity is located, and the hydrogen supply will be transported via tube trailers where Mobile Hydrogen Refuelling System will be used for dispensing the molecules. This distribution model will be the first of its kind in the region. Earlier this year, SEDCE appointed Koperasi Bomba & Penyelamat Malaysia (KOBOPEM) as the operator for MFS Batu Kawa, which aims to support the cooperative as sustainable income stream for its members. SEDCE is responsible for developing the hydrogen value chain and downstream retail oil and gas business in Sarawak under the brand name Petros MFS. To date, there are 10 fully operating stations namely MFS Darul Hana (Jalan Tun Salahuddin), MFS Daro (Jalan Matu-Daro), MFS Kanowit (Jalan Kubu), MFS Kuala Matu (Jalan Daro–Kuala Matu), MFS Brooke Drive (Sibu), MFS Selangau (Pan Borneo-Selangau), MFS Tatau (Pan Borneo Tatau), Kapit (Jalan Bleteh), MFS Sungai Asap (Jalan Bintulu-Bakun), MFS Jepak (Kampung Jepak). SEDCE said with the completion of MFS Darul Hana and MFS Batu Kawa, four more flagship MFS are in the pipeline namely Sri Aman, Sibu, Bintulu and Miri, with construction for Bintulu (Jalan Sultan Iskandar) scheduled to begin in the second half of this year. These flagship MFS are designed to form the backbone of Sarawak's hydrogen refuelling network along its main cities. In comparison, non-flagship or standard MFS provide conventional fuels and EV charging facilities. Meanwhile, it said three MFS are currently under construction, and more than 40 sites are being processed for construction across Sarawak. Upon completion, these stations will also provide a network of EV charging facilities on top of conventional fuel to its customers.
Yahoo
11-06-2025
- Business
- Yahoo
3 Top-Ranked MFS Mutual Funds for Fantastic Returns
Renowned global asset manager MFS provides an array of financial products and services to fulfill the needs of its investors, as well as 10,000 investment professionals. Based on assets raised in the country or region, the company managed assets worth more than $622.9 billion as of Feb. 28, 2025. It has more than 2,000 employees dedicated to addressing its clients' needs. MFS manages more than 80 portfolios investing in domestic and global stocks as well as in fixed-income securities. It has investment offices in Boston, Hong Kong, Sao Paulo, Singapore, Toronto, London, Mexico City, Sydney and Tokyo. The company was founded in 1924 and is headquartered in Boston, MA. Below, we share with you three top-ranked MFS mutual funds. MFS International Large Cap Value MKVHX, Mfs Blended Research Mid Cap Equity Fund (BMSDX) and MFS International Intrinsic Value MINJX. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of MFS mutual funds. MFS International Large Cap Value fund invests most of its net assets primarily in equity securities of foreign large market-capitalization companies. MKVHX advisors generally may invest across different industries, sectors, countries and regions. MFS International Large Cap Value fund has three-year annualized returns of 12.1%. As of the end of November 2024, MKVHX had invested 4% of its net assets in Natwest Group. MFS Blended Research Mid Cap Equity Fund invests most of its net assets in equity securities of domestic and foreign companies with medium-market capitalization. BMSDX advisors generally invest in common stocks, depositary receipts,real estate investment trusts and other securities that represent an ownership interest. MFS Blended Research Mid Cap Equity Fund has three-year annualized returns of 11%. BMSDX has an expense ratio of 1.59%. MFS International Intrinsic Value fund invests most of its net assets in common stocks and other securities that represent an ownership interestin foreign (including emerging markets) companies. MINJX advisors invest in issues of companies that they believe are undervalued compared to their intrinsic value. MFS International Intrinsic Value fund has three-year annualized returns of 10.3%. Benjamin Stone has been the fund manager of MINJX since June 2012. To view the Zacks Rank and the past performance of all MFS mutual funds, investors can click here to see the complete list of MFS mutual funds. Want key mutual fund info delivered straight to your inbox? Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> View All Zacks #1 Ranked Mutual Funds Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (MINJX): Fund Analysis Report Get Your Free (MKVHX): Fund Analysis Report Get Your Free (BMSDX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
ABC News
03-06-2025
- Business
- ABC News
Metropolitan Fire Service executive director Prema Osborne leaves agency
South Australia's Metropolitan Fire Service executive director Prema Osborne has quietly departed the job after a bungle by the organisation that left firefighters owed more than 6,000 outstanding travel allowance payments. On Friday, MFS chief officer Jeff Swann emailed staff saying Ms Osborne, the most senior non-uniformed member of the service, "concluded her tenure with the [MFS]". He did not explain why she left, nor did an MFS spokesperson when contacted by the ABC, instead repeating the content of Mr Swann's letter. "Prema has led some significant projects and enhanced aspects of the MFS during her tenure," Mr Swann wrote. "I would like to extend my thanks to Prema for her contributions since joining the MFS, as we wish her well for her future endeavours. "In the interim, deputy chief officer Cameron Devey will assume responsibilities for the areas previously overseen by Prema, ensuring continuity of leadership and operational support across the MFS." Ms Osborne declined to comment on the circumstances of her departure from the MFS. Her exit comes two weeks after the SA Employment Tribunal ordered the MFS to pay all outstanding work travel claims within 28 days. Internal sources said her position was considered untenable by many rank-and-file members, with payments accidentally frozen for seven months, amid reports of further administrative issues. On May 14, the tribunal found the MFS unlawfully withheld travel payments between August 2024 and March this year after affected firefighters escalated complaints. During the case, lodged by the United Firefighters Union (UFU), Ms Osborne testified that two ex-staff members were responsible for processing payments, and had not implemented a handover before resigning. However, she said their replacements were not given additional resources to fix the backlog because of budget constraints. Magistrate Katherine Eaton rejected that excuse and found it "[did] not preclude re-allocating existing resources … or attempting to obtain additional resources". "The job was being done without difficulty within resources until two staff left," she said. "That senior management did not know how that task was being performed or by whom speaks to a failure of management diligence, not resources. "Once the SAMFS management became aware its firefighters were not being paid their entitlements, resuming compliance with that legal obligation should have had led to nothing short of full-time dedication of resources until it was resolved." She concluded her decision by remarking: "The employer here is the Crown. That it has failed over such an extended period to comply with its own legal obligations is disturbing". In court, the MFS was unable to clarify the total amount owed. Speaking to ABC Radio Adelaide on Tuesday, UFU SA secretary Max Adlam said she read Mr Swann's email but "did not have a great deal more information" about it. Ms Adlam said "a lot of the support positions have simply been shredded over the last 12 months", which had left operational staff to pick up the workload. "Our experience, and our members' experience, is that underpayments and overpayments are a constant problem … we think the resourcing is a really big issue for them," she said. The MFS declined to comment on support staff cuts. Several MFS sources said Ms Osborne was criticised by colleagues for her oversight of the MFS Direct Entry Framework, which sought to attract interstate firefighters. According to sources, applicants were not told until the end of their interviews they would need to serve a mandatory five-year regional posting, which was eventually bargained down to two years. Applicants also had to pay their way to Adelaide to attend interviews at South Australian Fire and Emergency Services Commission (SAFECOM) headquarters late last year, which were re-scheduled at least once. "Otherwise, they wouldn't have wasted their time." The MFS spokesperson said during interviews the "applicants provided a preference for the regional station they could be located at". Ms Osborne was previously a senior executive at SafeWork SA between 2018 and 2022, before being hired by the MFS in 2023. Alongside SafeWork chief executive Martyn Campbell, she left the watchdog one month before the Merritt Review was handed down, which uncovered problems with resourcing and staff turnover. Emergency Services Minister Emily Bourke deferred questions to the MFS.
