COMMENT | Time to clean up plastic pollution - and corruption
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COMMENT | Rows of abandoned and derelict industrial shop lots loomed up ahead, with dark gaping holes in place of windows and doors. Turning a corner, we saw them – bales and bales of plastic trash neatly stacked up, with creeper vines beginning to hide them from view.
Japanese Palty hair dye tubes burst out of an opened jumbo trash bag. An OMA bottle from Denmark littered the ground. Some jumbo bags held shredded plastic scraps while others contained nurdles, the tiny pre-production plastic pellets.
We were in Pulau Indah in the Klang district, for which the Malay name translates into “Beautiful Island”. The irony was not lost on us.
Demand-supply imbalance to keep tin prices firm until year-end thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (May 7): Malaysia Smelting Corp Bhd returned to black with a net profit of RM22.12 million in the first quarter ended March 31, 2021 (1QFY21) against a net loss of RM13.19 million a year before, on the back of higher average tin prices.
Quarterly revenue increased by one-third to RM275.91 million from RM205.31 million a year ago, thanks to higher refined tin sales and more favourable average tin prices, the company’s filing with Bursa Malaysia showed.
The group’s tin mining arm posted a net profit of RM19.6 million in 1QFY21, representing a three-fold jump from RM4.5 million in 1QFY20. The improved performance was primarily driven by higher tin prices and increased tin production during the quarter. Average tin prices for 1QFY21 climbed 49% higher to US$24,737/tonne (RM101,718), compared with US$16,656/tonne (RM68,489) in 1QFY20. Its tin smelting division, meanwhile, reported a net profit of RM10.4 million against a net loss of RM19.3 million in 1QFY20, lifted
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LONDON Malaysia Smelting Corp (MSC), the world’s third largest tin producer, has told clients its smelting operation is being severely affected by the COVID-19 pandemic and it will take nine months to resume normal output, a letter seen by Reuters showed.
MSC said in the letter, dated April 26, that it had to restrict intake and make changes to contracts – a move that will further exacerbate shortages of tin used in solder for electronic products and chemicals.
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