Latest news with #SWS
Barnama
11 hours ago
- Business
- Barnama
OMS Reports Growth, Expansion Ahead Of First Earnings Call
BUSINESS KUALA LUMPUR, June 20 (Bernama) -- OMS Energy Technologies Inc (OMS), a manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG), has issued a business update ahead of its inaugural earnings call following its successful Nasdaq listing in May 2025. The company's expanding customer base, growing talent pool, and continued investment in research and development (R&D) are positioning OMS for long-term success, according to a statement. Its Chief Executive Officer, How Meng Hock said OMS enters the public market with a solid foundation, supported by strong partnerships, manufacturing capabilities, and prudent financial management. OMS recently secured a letter of award from Grupo Simples Oil for SWS in Angola's Onshore Kwanza Basin, expanding its presence in West Africa. In Indonesia, new clients such as PT Seleraya Belida and Pertamina Hulu Sanga Sanga are contributing to sales growth, while PTTEP in Thailand renewed its three-year contract effective July 1. Long-standing partnerships continue to anchor the company's revenue stream. A 10-year agreement with Saudi Aramco is expected to generate between US$120 million and US$200 million annually. OMS also maintains a strong supply relationship with Halliburton, with steady order volumes from its Malaysia and Singapore operations. (US$1=RM4.24) With 11 manufacturing facilities across six countries such as Singapore, Malaysia, Brunei, Saudi Arabia, Thailand and Indonesia, OMS is strategically positioned in key oil and gas regions. The company's localisation strategy supports eligibility for government tenders while enriching its workforce through local hiring and compliance with Saudi Arabia's IKTVA and Indonesia's TKDN requirements. In product innovation, OMS invested US$1.1 million in additive manufacturing (AM) R&D to develop a metallic seal for its high-pressure-high-temperature (HPHT) gate valves. The project has completed its initial proof-of-concept phase and is expected to enhance supply chain efficiency and material selection. OMS continues to collaborate with institutions such as the Singapore Institute of Manufacturing and Technology (SIMTech) to advance its R&D efforts. Its delivery performance under long-term contracts with Saudi Aramco and Halliburton remains strong, supported by balanced manufacturing capacity and strategic facility locations. The company prioritises workplace safety and environmental compliance, holding ISO 9001, API Q1, ISO 45001, and ISO 14001 certifications across all manufacturing sites. It recently completed its annual surveillance audit, reinforcing its environmental, social, and governance (ESG) commitments.
NZ Herald
11-06-2025
- General
- NZ Herald
Council green-lights 25-year waste strategy for public feedback
Far North waste strategy consultation has begun and residents are called on to share their thoughts. A plan to reshape the Far North's approach to waste has been given the green light for public consultation. The motion to start with public consultation on the draft Solid Waste Strategy (SWS) was carried out in a recent council meeting, setting the stage for a month-long feedback period on
GMA Network
07-06-2025
- Business
- GMA Network
SWS: 50% of Filipino families rate themselves poor
Half of Filipino families rated themselves poor in a Social Weather Stations (SWS) survey held from April 23 to 28, 2025. According to the SWS, the score was 5 points lower than the earlier survey conducted from April 11 to 15, 2025. SWS attributed the drop to declines in Metro Manila and Mindanao, as well as steady scores in Mindanao and Balance Luzon. Self-rated poverty was highest in the Visayas at 67% and lowest in Metro Manila at 33%. Meanwhile, 8% of Filipino families reported themselves as borderline between poor and not poor, while 42% said that they were not poor. The results for borderline hit a record low, surpassing the 11% score in December 2024, while the percentage of not poor families increased by 10 points from 32% in April 11-15, 2025, to a new record high of 42% in April 23-28, 2025. This eclipsed the previous record of 36% in March 2025. Of the estimated 14.1 million self-rated poor families in the survey taken from April 23-28, 2.2 million were newly poor, 2.3 million were usually poor, and 9.5 million were always poor. The nationwide median self-rated poverty threshold (SRP threshold) remained at P10,000 from December 2024 to April 2025, while the nationwide median self-rated poverty gap (SRP gap) stayed at P5,000 from September 2024 to April 2025. The median monthly family expenses nationwide based on the April 23-28 survey were as follows: - House Rent: P3,000 - Transportation: P2,000 - Internet: P800 - Mobile Load: P400 Data from the study was gathered through face-to-face interviews with 1,500 Filipino adults nationwide. SWS said the sampling error margins were ±3% for national percentages, ±4% in Balance Luzon, and ±6% each for Metro Manila, the Visayas, and Mindanao. —VBL, GMA Integrated News
The Star
01-06-2025
- Politics
- The Star
Philippines Vice President Sara Duterte agrees with poll: She should be tried
MANILA: Vice President Sara Duterte (pic) said she agreed with an overwhelming majority of Filipinos that she should be tried by an impeachment court for corruption and other high crimes, but she has not withdrawn her petition in the Supreme Court questioning her impeachment. 'Oh, I totally agree,' she said of the results of a recent Social Weather Stations (SWS) poll that she should be tried by the Senate after she was impeached by the House of Representatives on Feb. 5. 'I'm among those 88 per cent who say that,' she told reporters and supporters on Friday (May 30) outside the International Criminal Court detention center in The Hague, the Netherlands, where her father, ex-President Rodrigo Duterte, is being held. Her office provided the media in the Philippines with a copy of the video interview with her. 'I'm thankful for the opportunity to clear my name and answer the accusations against me,' Duterte said. The impeachment complaint accuses her of culpable violation of the Constitution, bribery, graft and corruption, and betrayal of public trust for, among others, her alleged misuse of more than P612 million (US$110 million) in confidential funds and for her alleged threat to assassinate President Marcos, first lady Liza Araneta Marcos and Speaker Martin Romualdez. She spoke in The Hague on May 30, on the eve of her 47th birthday, which she planned to celebrate with her father and their supporters. The former president is accused of murder as a crime against humanity for the thousands killed in his brutal antinarcotics campaign that he implemented as mayor of Davao City and later as president. The May 2025 SWS survey on 'people's post-election expectations' released on Thursday, showed that 68 percent of the 1,800 respondents nationwide said that the Vice President 'definitely should address the impeachment charges, answer all allegations pertaining to corruption and clear her name.' It showed that 20 per cent said that she 'probably should' do the same. Only four per cent said that Duterte 'probably should not' and three per cent said she 'definitely should not,' results of the survey showed. Four per cent were unsure what to say. The poll also saw a consensus that Duterte should focus more on her work as Vice President and minimise any politically driven activities. Asked to comment on the deferment of the start of the impeachment trial to June 11 instead of June 2, when the Congress resumes session, Duterte said she saw no impact of the delay on her case, but would leave it to her lawyers to study the developments further. Also in the Netherlands was Sen. Imee Marcos, the eldest sister of President Marcos. Duterte had a bitter falling out with Marcos, unraveling their formidable UniTeam that swept the 2022 national elections. Marcos said on his inaugural BBM Podcast that he was willing to reconcile with the Dutertes because he needed more friends than enemies. 'I probably won't talk about reconciliation because people's personal problems aren't important. What's more important is our people and our country,' Duterte said in response to his remarks. She said the President's sister, whose reelection she supported in the recent midterm polls, was in The Hague to speak with her father's lawyer, Nicholas Kaufman. 'Whatever it is they talked about, I have nothing to do with it anymore,' she said. The Vice President and her mother, Elizabeth Zimmerman Duterte, were able to see her father for a 'prebirthday' celebration. A 'send Duterte home' rally is scheduled to take place outside the detention center on her birthday on Saturday. She earlier said she was eager to see the trial through because she wanted a 'bloodbath.' She did not elaborate on what she meant. While Duterte committed to face the charges against her in the impeachment court, she did not say anything about the petition she filed on Feb. 18 in the Supreme Court questioning the constitutionality of the impeachment process. Duterte accused the House of Representatives and its secretary general, Reginald Velasco, of withholding the first three complaints against her allegedly to circumvent the one-year ban on the filing of more than one complaint against an impeachable official. She said that the House only acted on the fourth complaint, which was signed by 215 of around 300 members of the chamber. The fourth petition, however, contained essentially the same charges against her in the three others. 'This political stratagem was done at the expense of constitutional standards … with the ultimate goal of having the petitioner perpetually disqualified from running for any national elective office,' she said in her petition. Duterte is a probable contender in the May 2028 presidential election. Another petition was filed just hours after her own petition by several of her supporters. They asked the Supreme Court to stop the Senate from convening into an impeachment court. Senior Deputy Speaker Aurelio Gonzales Jr. said then that Duterte and the other petitioners were 'running scared … perhaps the allegations of corruption are true.' Deputy Speaker David Suarez of Quezon said Duterte's move 'reeks of panic and a blatant effort to undermine the impeachment process even before it formally begins.' ACT Teachers Rep. France Castro criticised Duterte for flying to the Netherlands to celebrate 'with more lies and political theatrics' instead of reflecting on her actions ahead of her impeachment trial. 'The Filipino people deserve transparency, not squid tactics,' Castro said. 'On her birthday, we challenge VP Duterte to choose truth over deception, accountability over evasion. The impeachment process is constitutional and legitimate—she should respect it instead of undermining it with her desperate antics,' the lawmaker said. Other ACT leaders slammed the fresh delay in the start of the impeachment trial, which they called a 'calculated scheme' to quash the proceedings altogether. ACT Representative-elect Antonio Tinio said the delay signals an attempt to 'kill the impeachment trial through procedural maneuvering rather than addressing the serious charges on their merits.' He said that the 'delaying tactics make a mockery of our democratic institutions and constitutional processes.' 'If impeachment proceedings can be killed through procedural technicalities and political alignments, then no high official will ever be held accountable for corruption and abuse of power,' Tinio said. He was particularly concerned about how the delay strategy 'was seemingly being orchestrated across party lines,' noting that Marcos himself again publicly expressed his opposition to the trial. - Philippine Daily Inquirer/ANN
GMA Network
29-05-2025
- Business
- GMA Network
SWS: 87% of Pinoys want new Senate to prioritize education
Eighty-seven percent of Filipinos want the newly composed Senate to prioritize reforms on education in the upcoming 20th Congress, the latest survey by Stratbase and Social Weather Stations (SWS) showed. The survey conducted on May 2-6 asked respondents which issues the upper chamber must prioritize after the midterm elections, which was conducted last May 12. A large number of respondents said that the Senate should definitely prioritize improving accessibility of education by strengthening the public education system, distribution of scholarships, and expansion of vocational training programs. A recent study by the Philippine Statistics Authority found that 5.58 million Filipinos who have at least graduated junior high school are considered functionally illiterate. The SWS poll also showed that 83% believe that senators must support agricultural development with subsidies, training, and market access for farmers to boost food security. There were 82% who said that the Senate must prioritize investing in healthcare systems and 79% said that senators should push for expanding social welfare programs for low-income families. Further, 74% of the respondents are expecting the upper chamber to deal with the calls to increase the minimum wage and 73% said that promoting job creation must definitely be prioritized. The survey showed that 71% agree that senators should work on the implementation of price control measures to stabilize the cost of essential goods and services. There were 67% who said that the Senate must strengthen governance reforms to ensure transparency and accountability in government's spending. The survey commissioned by the Stratbase Group was done through face-to-face interviews of 1,8000 registered voters (aged 18 years and above) nationwide: 300 in Metro Manila, 900 in Balance Luzon, 300 in the Visayas, and 300 in Mindanao. The sampling error margins are ±2.31% for national percentages, ±3.27% for Balance Luzon, and ±5.66% each for Metro Manila, the Visayas and Mindanao. — Vince Angelo Ferreras/BM, GMA Integrated News
