Daily Archives: May 1, 2019

Centrient Pharmaceuticals Initiates Patent Litigation in India Against Dalas Biotech Limited

Centrient Pharmaceuticals (“Centrient”), the global leader in the production and commercialisation of sustainable, enzymatic antibiotics, next generation statins and anti-fungals, announced that it has filed a lawsuit against Dalas Biotech Limited (“Dalas”) for patent infringement.

ROTTERDAM, Holland, May 01, 2019 (GLOBE NEWSWIRE) — Centrient Pharmaceuticals announced that on April 25, 2019, its wholly owned subsidiary, Centrient Pharmaceuticals India Private Limited, filed a lawsuit against Dalas Biotech Limited in the High Court of Delhi in New Delhi, India for patent infringement of Indian Patent Number 247301. This patent, which is owned by Centrient, describes an enzymatic process for preparing amoxicillin trihydrate having a low free water content. By its complaint, Centrient seeks compensation for damages and a permanent injunction to prevent the infringing manufacture, use,  sale in India and exportation out of India of Dalas’ active pharmaceutical ingredient containing amoxicillin trihydrate produced by a process that amounts to infringement of Indian Patent No. 247301.

Karl Rotthier, CEO at Centrient said: “After having previously filed patent litigation against Sinopharm Weiqida Pharmaceuticals for patent infringement in India, and the Court granting an injunction since April 2017, Centrient shows that it will continue to rigorously enforce its IP assets worldwide against any additional potential infringers in India or abroad.”

About Centrient Pharmaceuticals

Centrient Pharmaceuticals is the leading manufacturer of beta-lactam antibiotics, and a provider of next generation statins and anti-fungals. We stand proudly at the centre of modern healthcare, as a maker of essential and life-saving medicines.

With our commitment to Quality, Reliability and Sustainability at the heart of everything we do, our 2700 employees work continuously to meet our customers’ needs. We work towards a sustainable future by actively participating in the fight against antimicrobial resistance.

Founded 150 years ago as the ‘Nederlandsche Gist- en Spiritusfabriek’, our company was known as Gist Brocades and more recently DSM Sinochem Pharmaceuticals. Headquartered in Rotterdam (Netherlands), we have production facilities and sales offices in China, India, the Netherlands, Spain, Egypt, the United States and Mexico. Centrient Pharmaceuticals is wholly owned by Bain Capital Private Equity, a leading global private investment firm.

Forward-looking statements
This press release may contain forward-looking statements with respect to Centrient Pharmaceuticals’ future financial performance and position. Such statements are based on current expectations, estimates and projections of Centrient and information currently available to the company. Centrient cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. Centrient has no obligation to update the statements contained in this press release, unless required by law. The English language version of the press release is governing.

For more information please visit www.centrient.com or contact Centrient Pharmaceuticals Corporate Communications, Alice Beijersbergen, Director Branding & Communications.

 E-Mail: alice.beijersbergen@centrient.com

LeddarTech แต่งตั้ง Richard LaRue นักกฎหมายบริษัทระหว่างประเทศตัวเก๋าเข้าทีมผู้บริหาร

LeddarTech เพิ่มความเชี่ยวชาญด้านยานยนต์ของ LiDAR ด้วยทีมวิจัยและพัฒนาในเมืองโตรอนโตประเทศแคนาดา

LeddarTech ยกระดับทีมผู้บริหารระดับสูงของตนผ่านการแต่งตั้งประธานเจ้าหน้าที่ฝ่ายกฎหมาย และเร่งเวลาในการทำตลาดโดยประกาศการเปิดสถานที่วิจัยและพัฒนา ศูนย์ความเป็นเลิศด้านยานยนต์ อย่างเป็นทางการในเมืองโตรอนโตประเทศแคนาดา

นครควิเบก วันที่, May 01, 2019 (GLOBE NEWSWIRE) —  LeddarTech® ผู้นำในอุตสาหกรรมที่ให้บริการพลตฟอร์มด้านยานยนต์และเคลื่อนที่ LiDAR อเนกประสงค์และปรับขนาดได้มากที่สุด มีความยินดีที่จะประกาศการแต่งตั้งนาย Richard LaRue ในตำแหน่งประธานเจ้าหน้าที่ฝ่ายกฎหมาย

นาย LaRue ได้ทำงานอย่างยาวนานกับบริษัทซอฟต์แวร์และเทคโนโลยีชีวภาพต่างๆ รวมถึงบริษัทเกิดขึ้นใหม่ ในทุกๆด้านของบริษัทเหล่านี้ ซึ่งได้แก่ การก่อตั้งบริษัท การเจรจา การทำสัญญาระหว่างประเทศ และการจัดหาเงินทุนและหนี้สิน เขาได้ทำงานในด้านเหล่านี้ทั่วแคนาดา ยุโรป และสหรัฐอเมริกา  “ผมอยากจะใช้ประโยชน์จากประสบการณ์ระดับนานาชาติของผมในด้านกฎหมายบริษัท การเงิน และธุรกรรมด้านเงินทุน เพื่อสนับสนุนภารกิจทั่วโลกของ LeddarTech ในการเป็นมาตรฐานการพัฒนาแพลตฟอร์ม LiDAR” นาย LaRue อธิบาย

นาย LaRue มีบรรดาหนังสือรับรองทางกฎหมายที่น่าประทับใจจากทั่วอเมริกาเหนือ อย่างเช่น เป็นสมาชิกของสมาคมนักกฎหมายแคนาดาและนานาชาติ  สมาชิกของสมาคมนักกฎหมายอเมริกา และเป็นสมาชิกของสมาคมที่ปรึกษาองค์กรอเมริกาเหนือ

“การแต่งตั้งนาย LaRue ในตำแหน่งประธานเจ้าหน้าที่ฝ่ายกฎหมายเป็นข้อพิสูจน์ให้เห็นความมุ่งมั่นของเราที่จะดึงดูดบุคคลที่มีความสามารถสูงสุดเข้ามา และปรับปรุงทีมผู้บริหารระดับสูงของเราอย่างเป็นระบบ เพื่อให้บริการที่ยอดเยี่ยมแก่ลูกค้าของเรา” นาย Charles Boulanger ประธานเจ้าหน้าที่บริหารของ LeddarTech กล่าว

การขยายตัวในแคนาดาที่เมืองโตรอนโต

LeddarTech ยังคงขยายการดำเนินงานของตนอย่างต่อเนื่อง โดยการประกาศเปิดสำนักงานวิจัยและพัฒนาแห่งใหม่ในแคนาดาที่เมืองโตรอนโต หรือที่รู้จักในชื่อ ศูนย์ความเป็นเลิศด้านยานยนต์โตรอนโต ของ LeddarTech

ศูนย์ความเป็นเลิศด้านยานยนต์โตรอนโตมีทีมผู้เชี่ยวชาญด้านอุตสาหกรรมยานยนต์ ที่ทำงานอย่างกระตือรือร้นเพื่อช่วยสร้างแพลตฟอร์ม LiDAR  แบบโซลิดสเตตของ LeddarTech และทุ่มเทอย่างเต็มที่เพื่อให้โซลูชั่นต่างๆด้านการขับขี่แบบอัตโนมัติและความปลอดภัยที่ตรงตามมาตรฐาน ISO 26262  ด้วยความเชี่ยวชาญหลัก ที่ได้แก่ ปัญญาประดิษฐ์ การเรียนรู้ของเครื่อง การมองเห็นด้วยคอมพิวเตอร์ และระบบ ADAS  ทีมงานมีประสบการณ์อันสำคัญในการสร้างโซลูชั่นระบบซอฟต์แวร์ต่างๆ ที่สามารถพบได้ในรถยนต์นั่งส่วนบุคคลยี่ห้อพรีเมี่ยมทุกวันนี้

“ผู้เชี่ยวชาญอาวุโสด้านยานยนต์ในสำนักงานโตรอนโตของเราจะนำประสบการณ์อันมีค่าและความรู้ของพวกเขามาพัฒนาโซลูชั่นยานยนต์ต่างๆ ที่ตรงตามข้อกำหนดด้านความปลอดภัยในการใช้งานอันเข้มงวดของอุตสาหกรรม” นาย Antonio Polo รองประธานฝ่ายวิศวกรรมของ LeddarTech กล่าว  “ความเชี่ยวชาญใหม่นี้ยังสนับสนุนแผนงานการพัฒนาเทคโนโลยีในระยะยาวของเรา และเพิ่มขีดความสามารถขององค์กรในการสนับสนุนความต้องการโซลูชั่น LiDAR ของลูกค้าของเรา ผ่านการผนวกรวม LeddarEngineที่เป็นเอกลักษณ์ของเราสำหรับแอพพลิเคชันการขับขี่แบบอิสระ” นาย Polo กล่าวต่อ

LeddarTech® วางแผนที่จะขยายธุรกิจในพื้นที่มหานครโตรอนโต และกำลังสรรหาวิศวกรระบบเพิ่มเติมเพื่อสนับสนุนการพัฒนาแพลตฟอร์ม LiDAR แบบโซลิดสเตตของตน

ศูนย์ความเป็นเลิศด้านยานยนต์โตรอนโตจะจัดงานเปิดตัวในวันที่ 2 พฤษภาคม 2562

กี่ยวกับ LeddarTech
LeddarTech เป็นผู้นำในอุตสาหกรรมที่ให้บริการแพลตฟอร์มด้านยานยนต์และเคลื่อนที่ LiDAR อเนกประสงค์และปรับขนาดได้มากที่สุด โดยใช้ LeddarEngine อันเป็นเอกลักษณ์ ซึ่งประกอบด้วยชุด SoCs เกรดอัตโนมัติที่ได้รับการรับรองสำหรับความปลอดภัยในการใช้งาน ซึ่งทำงานควบคู่กับซอฟต์แวร์ประมวลผลสัญญาณ LeddarSP  บริษัทมีหน้าที่พัฒนาหลากหลายนวัตกรรมในแอพพลิเคชั่นตรวจจับระยะไกลในการเคลื่อนที่อันทันสมัย  เทคโนโลยีที่ได้จดสิทธิบัตรช่วยเสริมความสามารถในการขับขี่ ADAS และการขับขี่อัตโนมัติสำหรับรถยนต์ รถบรรทุก รถโดยสาร ยานพาหนะส่งมอบ หุ่นยนต์รับส่ง รถรับส่ง และอื่น ๆ  ข้อมูลเพิ่มเติมเกี่ยวกับ LeddarTech สามารถเข้าดูได้ที่ www.leddartech.com และที่ LinkedInTwitterFacebook, และ YouTube

LeddarTech, Leddar, LeddarEngine, LeddarSP และโลโก้ LeddarTech เป็นเครื่องหมายการค้าหรือเครื่องหมายการค้าที่ได้จดทะเบียนของบริษัท LeddarTech Inc.   ยี่ห้ออื่น ๆ ชื่อผลิตภัณฑ์ และเครื่องหมายทั้งหมดเป็นหรืออาจเป็นเครื่องหมายการค้าหรือเครื่องหมายการค้าที่ได้จดทะเบียนที่ใช้เพื่อระบุผลิตภัณฑ์หรือบริการของเจ้าของที่เกี่ยวข้อง

ติดต่อ: Daniel Aitken รองประธานฝ่ายการตลาดและการสื่อสาร  บริษัท LeddarTech Inc.
โทร.: +1-418-653-9000 ต่อ 232 Daniel.Aitken@Leddartech.com

Wabtec Announces Launch of Public Offering by Selling Stockholder

WILMERDING, Pa., April 30, 2019 (GLOBE NEWSWIRE) — Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the launch of an underwritten secondary offering of 12,500,000 shares of Wabtec common stock by General Electric Company (“GE”), as the sole selling stockholder. The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares.  Wabtec will not receive any proceeds from the sale of the shares by the selling stockholder in this offering.

Morgan Stanley and Goldman Sachs & Co. LLC are acting as joint lead book-running managers.  BofA Merrill Lynch and Citigroup are acting as joint book-running managers for the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The offering is being made under an automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”) on April 30, 2019. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone (toll-free): 866-471-2526.

About Wabtec Corporation

Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control (PTC). The transit portfolio provides highly-engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine and industrial solutions. Wabtec has approximately 27,000 employees in facilities throughout the world.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This communication contains “forward-looking” statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the secondary offering by GE. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Any forward-looking statements speak only as of the date of this communication. Wabtec undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Wabtec Media Contact
Deia Campanelli / Deia.Campanelli@Wabtec.com / 773-297-0482

Wabtec Investor Contacts
Tim Wesley / Twesley@Wabtec.com / 412-825-1543
Kristine Kubacki, CFA / Kristine.Kubacki@wabtec.com / 412-450-2033

Israel is the Root Cause of World Instability – Dr Mahathir

KUALA LUMPUR, May 1 (Bernama) � Prime Minister Tun Dr Mahathir Mohamad once again today described Israel as a terrorist nation and the root cause of instability in the world.

Addressing youths at the Al Sharq Annual Conference 2019 here, the majority of whom are from Middle East countries, the 93-year old leader stressed that the time had come for the international community to stand together and end Israel’s occupation of Palestine.

Apartheid, genocide, crimes against humanity, crimes of aggression and all the evil that mankind can inflict on others can be compiled in Palestine � courtesy of the barbaric, arrogant, terrorist nation called Israel.

Until and unless the international community is committed to find a solution to bring an end to the occupation of the land belonging to the Palestinians, the region and the rest of the world will not have much of a chance for stability and order, he said in his keynote address before opening the conference, held the first time in Malaysia.

His brave statement led to overwhelming applause from the 1,000-odd participants.

Describing Palestine as the core of all tragedies, he said the world was not stable and neither did it look like to be so in the near future.

Dr Mahathir said the senseless murder of innocent people continued in the invasion of Afghanistan and Iraq by the US-led coalition in 2001/2003 which had seen more tumult than stability in the region before the Arab Springs came about.

Nations like Syria, Libya and Yemen today provide images of a human tragedy while the rest of the world watch helplessly.

Their sufferings did not originate from internal strife but rather interference and interventions from external powers which obviously were doing it out of self-interest, disguised under the veil of democracy and human rights, he said.

The prime minister said that ancient civilisations or rather these cradles of civilisation were pummelled to pulp by present day powers that have styled themselves as the leaders of modern-day civilisation.

There is nothing civilised in their actions or behaviour. The only thing they can showcase is technology capable of producing weaponry that are extremely efficient in maiming, killing and murdering people by the thousands, he said.

Malaysia in this case, he shared that as a multiracial and multi-religious country, it took pride that it had been able to move forward despite the diversity, although he admitted that Malaysia has had its knocks and falls due to the differences but it had also managed to turn them into strengths and reason for unity.

In fact, we have come to believe that we are quite successful as a nation because of diversity. Indeed, managing the diversity is not pleasant at times. Most times, the differences are amplified and the similarities subdued.

We have our own sets of prejudices and bigotry amid our people but by and large, we have come to accept that any attempt to champion one race or religious group at the expense of the other will result in destruction of all that we have worked hard to build.

Instead, we keep working on our common interests and common grounds. It is not easy but we kept plugging at it and Alhamdullillah, we have managed thus far, he said.

He said the differences in religion, race, culture and customs required Malaysian to make compromises and to be accommodating and they had learn to tolerate many things.

Going forward, Dr Mahathir, in his speech titled In Search of a More Just and Stable World Order, said the youths, being the future leaders had a pivotal role in making the world a better place and every leader should keep close to them.

In my many years as a politician and entrusted to lead sometimes, I’ve always tried to tried my level best to fulfil requests from youth organisations and movements.

My reasons are quite basic � if I want to see changes made and ambitions realised, the youths are our best bet, he added.

Source: Office of the Prime Minster Malaysia

Government Gives Priority to Employment of Citizens – Dr Mahathir

PUTRAJAYA, May 1 2019 (Bernama) � The government’s policy today is to give priority to employment of Malaysians, said Prime Minister Tun Dr Mahathir Mohamad.

Aware about fears concerning a deluge of foreign workers in the country, he said the government had taken a number of measures to ensure that foreign workers are only employed if really needed by sectors that find it difficult to get local workers, mainly those categorised as 3D (Dirty, Dangerous and Difficult).

Dr Mahathir said that the presence of foreign workers was due to the attitude of Malaysians who did not want to do certain types of work, even though these actually could be done by them.

So, these opportunities are grabbed by foreigners. In the end, they will become rich and we remain the same or become poor, he said when officiating the 2019 Workers Day celebration at the Putrajaya International Convention Centre here today.

Dr Mahathir said the government was also aware about the unemployment rate among youths and understood the need empower the workforce and harness local talent.

Met by reporters after the event, Dr Mahathir admitted that wages were very low in the 3D sector but job opportunities in it should be taken rather than being unemployed.

Pay is low, but if they (citizens) don’t work, there will not be any pay at all. We make the choice, if we work we get paid.

We must remember that we work for the nation, to develop our country, if we do not want to work, others will get the money, we lose, he said.

Dr Mahathir said it (if Malaysians took up employment in the 3D sector) would also prevent outflow of funds.

He noted that the effort should also involve people from all walks of life, including increasing the participation of women in the workforce.

In the era of Internet of Things (IoT), the new version of JobsMalaysia 2.0 portal developed by the Ministry of Human Resources, offered a flexible job search platform for people to increase their job placement chance and reduce mismatch, he added.

People can also get the services of JobsMalaysia through the career carnivals held regularly from time to time, he said.

Dr Mahathir added that the Manpower Department had managed to accommodate 48,372 graduates and 122,868 non-graduates in different sectors of employment through various activities such as career carnivals, client accounts, open interviews, inter-agency collaboration programmes, placement programmes and special groups.

He added that the Ministry of Human Resources and its agencies such as Talent Corporation (TalentCorp) and Pembangunan Sumber Manusia Berhad focused on Malaysians through a number of initiatives.

Dr Mahathir said among the initiatives is to attract and retain female workers by encouraging the employers to implement the Work-Life Practices (WLPs) concept towards a better balance integration between work and life as well as providing a family-friendly environment.

For that purpose, he said the government had provided an incentive of income tax exemption for one year for those back in the workforce between October 27, 2017, and December 31, 2020.

By the end of 2018, a total of 147 organisations in Malaysia have benefited from the implementation of WLPs initiatives, he said.

Other than that, Dr Mahathir said upskilling of women who returned to the workforce after leaving it was also implemented through the Career Comeback Programme (CCP) .

He explained that from 1993 to 2018, a total of RM6.38 billion in training grant payments were channelled to local employers with the status of small and medium-sized enterprises and large companies who contributed levies to Pembangunan Sumber Manusia Berhad.

Dr Mahathir said the channelling of funds was to implement 1.2 million up-skilling and re-skilling trainings for local workers from all over the country.

Themed ‘Pekerja Amanah Aspirasi Negara’ (Trustworthy Workers Nation’s Aspiration) , it was the first Labour Day celebration since the Pakatan Harapan (PH) government took over the country’s leadership on May 9 last year.

The Prime Minister explained that the theme emphasised on how Malaysians, especially workers, should perform their duties and responsibilities with the principle of trust and integrity to spur the prosperity of the country which had diverse cultures, races and religions.

He said a good tripartite relationship, between the government, workers and employers is the driver to the country’s economic growth.

Although there may be times that we have a disagreement, eventually the win-win solution will be achieved and this will benefit the people and the country, he said.

The ceremony was attended by some 5,000 public and private sector employees. Also present were Human Resource Minister M. Kula Segaran, Cabinet ministers, secretaries-general of ministries, representatives of the Congress of Unions of Employees in the Public and Civil Services (Cuepacs), the Malaysian Trades Union Congress (MTUC) and Malaysian Employers Federation (MEF).

Source: Office of the Prime Minster Malaysia

Government Gives Priority to Employment of Citizens – Dr Mahathir

PUTRAJAYA, May 1 2019 (Bernama) � The government’s policy today is to give priority to employment of Malaysians, said Prime Minister Tun Dr Mahathir Mohamad.

Aware about fears concerning a deluge of foreign workers in the country, he said the government had taken a number of measures to ensure that foreign workers are only employed if really needed by sectors that find it difficult to get local workers, mainly those categorised as 3D (Dirty, Dangerous and Difficult).

Dr Mahathir said that the presence of foreign workers was due to the attitude of Malaysians who did not want to do certain types of work, even though these actually could be done by them.

So, these opportunities are grabbed by foreigners. In the end, they will become rich and we remain the same or become poor, he said when officiating the 2019 Workers Day celebration at the Putrajaya International Convention Centre here today.

Dr Mahathir said the government was also aware about the unemployment rate among youths and understood the need empower the workforce and harness local talent.

Met by reporters after the event, Dr Mahathir admitted that wages were very low in the 3D sector but job opportunities in it should be taken rather than being unemployed.

Pay is low, but if they (citizens) don’t work, there will not be any pay at all. We make the choice, if we work we get paid.

We must remember that we work for the nation, to develop our country, if we do not want to work, others will get the money, we lose, he said.

Dr Mahathir said it (if Malaysians took up employment in the 3D sector) would also prevent outflow of funds.

He noted that the effort should also involve people from all walks of life, including increasing the participation of women in the workforce.

In the era of Internet of Things (IoT), the new version of JobsMalaysia 2.0 portal developed by the Ministry of Human Resources, offered a flexible job search platform for people to increase their job placement chance and reduce mismatch, he added.

People can also get the services of JobsMalaysia through the career carnivals held regularly from time to time, he said.

Dr Mahathir added that the Manpower Department had managed to accommodate 48,372 graduates and 122,868 non-graduates in different sectors of employment through various activities such as career carnivals, client accounts, open interviews, inter-agency collaboration programmes, placement programmes and special groups.

He added that the Ministry of Human Resources and its agencies such as Talent Corporation (TalentCorp) and Pembangunan Sumber Manusia Berhad focused on Malaysians through a number of initiatives.

Dr Mahathir said among the initiatives is to attract and retain female workers by encouraging the employers to implement the Work-Life Practices (WLPs) concept towards a better balance integration between work and life as well as providing a family-friendly environment.

For that purpose, he said the government had provided an incentive of income tax exemption for one year for those back in the workforce between October 27, 2017, and December 31, 2020.

By the end of 2018, a total of 147 organisations in Malaysia have benefited from the implementation of WLPs initiatives, he said.

Other than that, Dr Mahathir said upskilling of women who returned to the workforce after leaving it was also implemented through the Career Comeback Programme (CCP) .

He explained that from 1993 to 2018, a total of RM6.38 billion in training grant payments were channelled to local employers with the status of small and medium-sized enterprises and large companies who contributed levies to Pembangunan Sumber Manusia Berhad.

Dr Mahathir said the channelling of funds was to implement 1.2 million up-skilling and re-skilling trainings for local workers from all over the country.

Themed ‘Pekerja Amanah Aspirasi Negara’ (Trustworthy Workers Nation’s Aspiration) , it was the first Labour Day celebration since the Pakatan Harapan (PH) government took over the country’s leadership on May 9 last year.

The Prime Minister explained that the theme emphasised on how Malaysians, especially workers, should perform their duties and responsibilities with the principle of trust and integrity to spur the prosperity of the country which had diverse cultures, races and religions.

He said a good tripartite relationship, between the government, workers and employers is the driver to the country’s economic growth.

Although there may be times that we have a disagreement, eventually the win-win solution will be achieved and this will benefit the people and the country, he said.

The ceremony was attended by some 5,000 public and private sector employees. Also present were Human Resource Minister M. Kula Segaran, Cabinet ministers, secretaries-general of ministries, representatives of the Congress of Unions of Employees in the Public and Civil Services (Cuepacs), the Malaysian Trades Union Congress (MTUC) and Malaysian Employers Federation (MEF).

Source: Office of the Prime Minster Malaysia