Malaysia Grocers

WASHINGTON (Dec 15, 2009): People who drink the most coffee and tea, even decaffeinated versions, can dramatically lower their risk of diabetes, researchers reported on Monday.

Their study does not answer why this might be but strengthens the findings of earlier studies showing the beverages may prevent type-2 diabetes.

“Every additional cup of coffee consumed in a day was associated with a 7% reduction in the excess risk of diabetes,” Rachel Huxley of The University of Sydney in Australia and an international team of colleagues wrote in the Archives of Internal Medicine. Continue Reading…

KUALA LUMPUR, Dec 14 (Bernama) — Malaysian Rating Corporation Bhd (MARC) has affirmed Tesco Stores (Malaysia) Sdn Bhd’s RM3.5 billion conventional and Islamic commercial papers/medium term notes programme at AAA(cg)/MARC-1(cg) and AAAID(cg)/MARC-1ID(cg) respectively.

It said the ratings reflect the credit strength of the corporate guarantee provided by its parent company, UK-based Tesco Plc.

It is also underpinned by the group’s strong global market position in grocery retailing and steady profit margins, despite weak economic conditions in several of its markets. Continue Reading…

Firemen outside the complex after rescuing blast victims

It was supposed to be a grand opening on Thursday for the largest AEON Jusco store in the country but it turned to tragedy Monday when a gas leak caused an explosion, causing the death of a supervisor and injuring 16 people,

Everything was in full swing with workers and tenants busy making final preparations for the opening when disaster struck just before 1pm at the complex in Jalan Lagenda, Bachang, Malacca. Continue Reading…

Commodities Talk – By Hanim Adna

PALM oil future exports will be at risk if one were to fully grasp the damaging impact from Unilever’s action to suspend its palm oil purchases from Indonesian producer Sinar Mas group following serious allegations of violations of environmental practices by non-governmental organisation (NGO) Greenpeace.

Failure by Sinar Mas to rebut Greenpeace’s allegations could start a precedent whereby other overseas buyers would boycott palm oil purchases and label palm oil as “unsustainable.”

This will directly hamper efforts by the members of the Roundtable on Sustainable Palm Oil (RSPO) to produce certified sustainable palm oil (CSPO). Continue Reading…

PETALING JAYA: Carlsberg Brewery Malaysia Bhd has appointed Soren Ravn managing director effective March 1, 2010.

In a filing with Bursa Malaysia, it said Ravn, the managing director of Carlsberg Hong Kong and Macau, would replace Soren Holm Jensen. Continue Reading…

MELAKA, Dec 14 (Bernama) — A gas installation worker was killed and 19 others were injured, including three seriously, in an explosion believed to be caused by liquefied petroleum gas (LPG) leakage during testing at the Aeon Jusco shopping complex at Jalan Tun Razak-Peringgit, here today.

The incident happened at about 1pm at the food court area of the shopping complex which will be opened to the public this Thursday.

The dead was identified as Tau See Peng, 25, from Batu Pahat, Johor. Continue Reading…