Posted by successor26 > 2021-12-09 13:11 | Report Abuse

News

ATA IMS Committed To Work With Government On ESG Improvement
By Business Today

December 9, 2021

ATA IMS Bhd welcomed a visit from Human Resources Minister, Datuk Seri M Saravanan on Wednesday, December 8, 2021, towards fostering closer cooperation with the Government with its ongoing efforts in the Environmental, Social and Governance (ESG) spectrum.

“The Malaysian Government has stringent measures to comply with International Labour Organization’s (ILO) standards, and that ATA’s positive compliance with Malaysia’s rules and regulations shows that the organisation is moving towards achieving the industry benchmarks for ESG improvement. Speaking to some of the employees, I am assured that their welfare is being taken care of,” says Saravanan.


He encourages ATA and other industry players to be steadfast in efforts to resolve workplace issues and to constantly improve standards and practices towards ensuring inclusive and positive business continuity.

“The Minister, who was accompanied by officials from the Ministry of Human Resources (MOHR), Johor Department of Labour (JTK Johor) and Human Resources Development Corporation (HRDC), was pleased with the conducive working environment at the Company’s factories and found ATA’s employees’ accommodations at a satisfactory level,” the company says in a media release today.

For ATA, as a homegrown Malaysian company, it will ensure compliance with Malaysia’s national laws without compromise.

“We are committed to achieving and exceeding the standards to be one of the best Electronics Manufacturing Service (EMS) providers. Our employees are our strength, and their wellbeing and welfare are central to our business.”

ATA gave the Minister its firm commitment towards further improvement in its ESG practices and looks towards working closely with the Government, Ministry, and other relevant bodies on the road to becoming a model company in the EMS industry.

Posted by Lucifer999 > 2021-12-09 13:16 | Report Abuse

oh.

Posted by MrsLim > 2021-12-09 13:37 | Report Abuse

successor26,

Thanks for the article.

The Human Resources Minister, MOHR, JTK Johor and HRDC have already stated that ATA’s employees’ accommodations are at a satisfactory level.

If there was a grey area, it will be with regard to excessive overtime hours.

But the decision to perform overtime lies with the workers, solely on voluntary basis.

Furthermore, 60A(1A) of the Employment Act allows for hours to be exceeded under special circumstances. The inability to bring in foreign workers during the MCO will be considered as special circumstances.


60A. Hours of work
(1A) The Director General may, on the written application of an employer, grant permission to the employer to enter into a contract of service with any one or more of his employees, or with any class, category or description of his employees, requiring the employee or employees, or the class, category or description of employees, as the case may be, to work in excess of the limit of hours prescribed under subsections (1) (a), (b), (c) and (d) but subject to such conditions, if any, as the Director General may deem proper to impose, if he is satisfied that there are special circumstances pertaining to the business or undertaking of the employer which renders it necessary or expedient to grant such permission:


----------------------------------------------------

successor26 News

ATA IMS Committed To Work With Government On ESG Improvement
By Business Today

December 9, 2021

ATA IMS Bhd welcomed a visit from Human Resources Minister, Datuk Seri M Saravanan on Wednesday, December 8, 2021, towards fostering closer cooperation with the Government with its ongoing efforts in the Environmental, Social and Governance (ESG) spectrum.

...

Speaking to some of the employees, I am assured that their welfare is being taken care of,” says Saravanan.

...

“The Minister, who was accompanied by officials from the Ministry of Human Resources (MOHR), Johor Department of Labour (JTK Johor) and Human Resources Development Corporation (HRDC), was pleased with the conducive working environment at the Company’s factories and found ATA’s employees’ accommodations at a satisfactory level,” the company says in a media release today.

Posted by Lucifer999 > 2021-12-09 14:00 | Report Abuse

oh

Posted by Apple2353 > 2021-12-09 14:06 | Report Abuse

like that will LU or not later

Posted by investkl8 > 2021-12-09 14:09 | Report Abuse

Hint: refer to shares transaction dated 31dec20 and announced in 7jan21.

Posted by NatsukoMishima > 2021-12-09 14:30 | Report Abuse

Too late already because the termination is the final decision of dyson !

Posted by salemt > 2021-12-09 14:31 | Report Abuse

LU if there is any re-negotiation with Dyson

Posted by hoot9e996 > 2021-12-09 14:32 | Report Abuse

they solve forced labour issue good thing, but dyson SUDAH LARI. short term share price wont move much. long term need a new business partner for their business to run since they say dyson is 80% of their revenue thats a big chunk

Posted by investkl8 > 2021-12-09 14:37 | Report Abuse

Got 3 agreement... It's true termination is final (for the old one)

What if : Renegotion = new agreement is being drafted to replaced the old one.. comprehensive agreement that include ESG and attractive profit margin/cost for both parties? How market will interpret that? :-)

Posted by Karlos > 2021-12-09 14:42 | Report Abuse

Wonder why people like Andy Hall do not raise similar issues on labour in country like Bangladesh where we are sure the working conditions and salaries are not better than here. Bangladesh produce and export a lot of garments for well known international brands.
This also a good lesson for our companies that before this always tend to prefer foreign labour to locals and not investing enough in high tech to replace or reduce labour requirements. If foreign labour are needed in the future, better to import from neighboring countries, not from far away places to avoid similar problems.

Posted by investkl8 > 2021-12-09 14:44 | Report Abuse

If it's announced, there will no time for you to board the train. It's very limited ticket available out there (floating shares).

It's high speed bullet Train..if you know what I meant. Hold/buy your ticket before it's too late.

Posted by aa88 > 2021-12-09 14:48 | Report Abuse

where is the termination contract dont simply talk only la

Posted by aa88 > 2021-12-09 14:48 | Report Abuse

terminate also can married back ma

Posted by hoot9e996 > 2021-12-09 14:48 | Report Abuse

well can enter now cut loss, if break below 0.5 anyway

Posted by stewpeedtrader > 2021-12-09 14:49 | Report Abuse

EPF dumping? The amount not even enough to cover i-cacing


Posted by investkl8 > Dec 9, 2021 2:09 PM | Report Abuse

Hint: refer to shares transaction dated 31dec20 and announced in 7jan21.

Posted by hoot9e996 > 2021-12-09 14:49 | Report Abuse

this heart attack stocks, if feel something doesnt seems right must CUT haha thats what i learnt in bursa

Posted by hoot9e996 > 2021-12-09 14:53 | Report Abuse

yesterday got strong momentum up which is good, but if cant continue next few days ..... what goes up must come down

Posted by Karlos > 2021-12-09 14:57 | Report Abuse

Dyson also exploits cheaper costs of doing biz by moving from UK by avoiding higher taxes and labour in UK and to be nearer to its cheap suppliers. Certainly Dyson can not say they really care about ESG issues but in reality only care to maximize profits. Just ask what people in UK said about Dyson moving out of UK to Asia. It certainly not that Dyson really care about its employees and obligations to pay fair taxes in moving away from UK.

Posted by xuxu > 2021-12-09 14:58 | Report Abuse

no volume, dangerous

Posted by harudin harudin > 2021-12-09 14:59 | Report Abuse

yesterday open price 44 cents

Posted by hoot9e996 > 2021-12-09 14:59 | Report Abuse

human rights all just for thick skin companies, they move from western countries to asia to exploits cheap labours and tax incentives. on surface human rights is important deep down corporate profits is most important.

Posted by Aiw Siow > 2021-12-09 15:03 | Report Abuse

https://www.businesstoday.com.my/2021/12/09/ata-ims-committed-to-work-with-government-on-esg-improvement/

Posted by salemt > 2021-12-09 15:05 | Report Abuse

Andy and Dyson boss are from same country. Any specific agenda behind this conspiracy?

Posted by Apple2353 > 2021-12-09 15:06 | Report Abuse

today no volume... becareful, may close red today.

Posted by investkl8 > 2021-12-09 15:08 | Report Abuse

No volume is good. It means whales assured market is stabilized and it's time to move rein in the shark.

Short sellers is hoping price to drop below rm0.3 so they can triggered the biggest whales owner to buy back the company, thus triggering MGO. Anyhow, ikan bilis still win if buy below 0.67. shark dies.

Posted by Karlos > 2021-12-09 15:15 | Report Abuse

I was thinking to buy some products from Dyson, they are overpriced but I did make some money from the stock market why not splash a bit. But now I have decided to abandon the idea completely buying Dyson products as Dyson only care to exploit cheaper costs in Asia to maximize it's own profits.

Posted by harudin harudin > 2021-12-09 15:15 | Report Abuse

close green today

Posted by hoot9e996 > 2021-12-09 15:17 | Report Abuse

what you mean no volume? today got volume not much price movement anyway tomorrow is friday scary day....

Posted by hoot9e996 > 2021-12-09 15:19 | Report Abuse

close green above 0.5 already satisfy

Posted by salemt > 2021-12-09 15:22 | Report Abuse

Shark is collecting cheap tickets and any time for next ride

Posted by Karlos > 2021-12-09 15:25 | Report Abuse

@salemt. Definitely they have an agenda. Any how these people comping from such countries like UK still have the mentality that we Asians must submit to their ways of doing things, the only right way.

Posted by oskchoon > 2021-12-09 15:26 | Report Abuse

https://www.theedgemarkets.com/article/malaysian-genomics-share-price-hits-limit-down?type=malaysia

Posted by salemt > 2021-12-09 15:28 | Report Abuse

You are right, typical westerners like to control Far East in human rights. Drama king

Posted by harudin harudin > 2021-12-09 15:28 | Report Abuse

yesss

Posted by hoot9e996 > 2021-12-09 15:32 | Report Abuse

the west only good at morals, human rights, animal rights, environment friendly, culture heritage. they can think of any reason and be justify right because their action is morally good.

Posted by Apple2353 > 2021-12-09 15:54 | Report Abuse

careful.. may retrace soon.. no volume..

Posted by salemt > 2021-12-09 15:55 | Report Abuse

Selling pressure is eased and prepare for next ride….

Posted by flytothemoon > 2021-12-09 16:05 | Report Abuse

now most of the floating share should be in the hand of somebody already, they want up 100% or down 99% also no problem

Posted by hoot9e996 > 2021-12-09 16:08 | Report Abuse

break 0.5, expect tomorrow 0.45

Posted by awesome20 > 2021-12-09 16:10 | Report Abuse

why so negative. pls be positive thinker

Posted by xuxu > 2021-12-09 16:12 | Report Abuse

no volume = lack of interest / shark don't want to push already

Posted by hoot9e996 > 2021-12-09 16:13 | Report Abuse

im positive long run share price will go up, im keeping 50% of my stake long run the other 50% for day trading might as well since the stock is on fire huge volume in and out everyday

Posted by Karlos > 2021-12-09 16:14 | Report Abuse

We don't think that these people do really care about all those rights mentioned. Tell them how many countries they have bombed quite recently, killing and displacing millions of innocent people, destroying their national herbage sites and then make these countries suffer economically and politically. Millions of refugees going to UK, and who creat these refugees in the first place?
In the Middle East the only country that refuse to kowtow, Iran, is being punished unreasonably and so are Lebanon and Yemen to a certain extend.

Posted by Lucifer999 > 2021-12-09 16:16 | Report Abuse

Too optimistic to hope for 0.45

Posted by hoot9e996 > 2021-12-09 16:20 | Report Abuse

its already very low to begin with anyway, the moment it didnt limit down to 0.22 its a good sign

Posted by aa88 > 2021-12-09 16:35 | Report Abuse

epf buy high sell low

Posted by Lucifer999 > 2021-12-09 16:40 | Report Abuse

So they can shift all high price tickets to uolls ma hhahah

Posted by hoot9e996 > 2021-12-09 16:46 | Report Abuse

what is uolls?

Posted by chshzhd > 2021-12-09 16:50 | Report Abuse

0.505 healthy closing:)