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Daily Archives: June 18, 2019

Nasdaq Launches Center for Corporate Governance

New Informational Hub to Advance Global Insights and Research on Corporate Governance and Sustainability Practices for Public, Private, and Nonprofit Organizations

Publishes Inaugural Research Report on Board and Investor Priorities of S&P 100 Companies

NEW YORK, June 18, 2019 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) today announced the founding of the Nasdaq Center for Corporate Governance (the “Governance Center”), a global information and research hub that will integrate Nasdaq’s expertise, insights, and technology to accelerate the understanding of emerging corporate governance and sustainable business practices. The ambition of the Governance Center is to support the work of boards, senior executives, and governance professionals at public, private, and nonprofit organizations.NCCG Watermark Final

“Our mission with the Governance Center is to create a resource for corporate leaders, investors, and stakeholders that includes the latest governance insights and actionable intelligence, thereby supporting the health of markets and economies worldwide,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We find ourselves at a unique moment where strong corporate governance, environmental and social practices are an essential component to investor and stakeholder engagement. Given Nasdaq’s distinct place at the intersection of markets and the corporate experience, it’s incumbent upon us to enhance our partnership with our diverse client-base to help them navigate the newest advances in corporate governance and sustainable business practices through research, expertise, and technology.”

Nasdaq is a long-standing partner to the directors and C-Suite leaders at the 4,000 companies listed on its global exchanges, and is uniquely positioned to share data-rich insights and practical knowledge related to governance and sustainability matters by leveraging its consultative expertise and relationships with the 9,800 corporate clients and nonprofit organizations to whom it provides award-winning governance and capital markets technology.

Martyn Chapman, Head of Strategy for Nasdaq Governance Solutions, will serve as Executive Director of the Governance Center. Chapman will be responsible for strategic oversight and brings with him 15 years of governance and corporate social responsibility experience, with a particular focus on accelerating innovation in governance through technology.

“Forward-looking board directors and executives are seeking to achieve long-term business growth through innovation and transformation, and are having to adapt their governance structures accordingly,” said Mr. Chapman. “The Governance Center’s expertise and insights aims to facilitate that evolution. We look forward to working with our community of corporate clients, nonprofits and partners on spotlighting emerging practices through research and developing practical reference materials to help navigate their implementation.”

Chapman will be supported by two regional leaders:

  • Kellie Huennekens, Head of Americas. As a governance specialist for 15 years, Huennekens joins Nasdaq from EY’s Center for Board Matters, where she assisted boards in their oversight roles through the creation of data-rich thought leadership, benchmarking tools, and customized client products. Huennekens will be based at Nasdaq’s global headquarters in New York.
  • Stephen Page FCIS, Head of EMEA. Page is a Chartered Governance Professional and joins Nasdaq with over 30 years in the industry as a public and private company corporate secretary, and independent governance consultant. He is a Fellow of the UK’s ICSA: The Governance Institute. Page will be based in London.

Huennekens and Page will be responsible for the Governance Center’s global research and data analysis efforts, combining their governance expertise to publish data-driven insights and practical reference materials on the industry’s latest trends. The Governance Center aims to leverage its unique partnerships and relationships to develop actionable and timely content in collaboration with boards, governance professionals, and other industry thought leaders.

In recognition of its launch, the Governance Center has released its inaugural research report, Where Board & Investor Priorities Intersect: 2019 Review of S&P 100 Governance Disclosures, which reviews governance practices from the S&P 100 and explores their positioning on governance matters and approach to timely boardroom topics including board composition and performance, technology, human capital management, environmental sustainability, and investor engagement.

To learn more about the Nasdaq Center for Corporate Governance, please visit: https://nasdaq.com/governance-center or @NasdaqCorpGov on Twitter.

About the Nasdaq Center for Corporate Governance:

The Nasdaq Center for Corporate Governance is a global information hub that aims to advance insights and research on emerging corporate governance and sustainability practices to support the work of boards, senior executives, and governance professionals at public, private, and nonprofit organizations.

About Nasdaq: 

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit: https://www.nasdaq.com.

Nasdaq Media Contact:

Will Briganti
(678) 504-6097
william.briganti@nasdaq.com

-NDAQG-

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/256b578e-ccc6-418d-8be9-ce59b296cfcf

Radware Survey: Cybersecurity is no Longer a Cost Factor for $1B Organizations; Rather It’s a Business Driver

  • Cybersecurity is Becoming a Shared Responsibility Across All Members of the C-Suite
  • 75% of Executives Say Security is a Key Component in Their Marketing Strategy
  • 72% of Executives Note Information Security as a Recurring Agenda Item in Every Board Meeting

MAHWAH, N.J., June 18, 2019 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today released the findings of its 2019 C-Suite Perspectives: From Defense to Offense, Executives Turn Information Security Into a Competitive Advantage report, in which Radware found that cybersecurity is now recognized as a key business driver by the C-Suite.  Executives that participated in the survey found that the four main business impacts of a security incident were customer loss (45%), brand reputation loss (44%) and revenue loss or operational (32% each). The predominance of cybersecurity as a business issue extends to the board, with a majority (72%) of executives reporting information security is an agenda item for every board meeting.

All of this with good reason, as respondents estimated an average cost per attack of about $4.6M and the proportion of respondents estimating that the total cost of cyberattacks to their organization is more than $10M nearly doubled in frequency from 2018 (7%) to 2019 (13%).  At the same time, customers want to understand what companies have done to secure their products and services.  75% of executives report that security is a key part of their marketing messages. 50% of companies surveyed offer dedicated security products and services to their customers. Additionally, 41% offer security features as add-ons within their products and services, and another 7% are considering building security services into their products.

“Because organizations have spent billions digitally transforming themselves over the years to create faster, easier and more numerous access points to their customers, they have also increased their vulnerability in equal measure,” said Anna Convery-Pelletier, Chief Marketing Officer at Radware. “This year’s C-Suite Perspectives report shines a spotlight on increased sophistication of management philosophy for information security and security strategy.  While responsibility for cybersecurity continues to be spearheaded by the CIO and CISO, it is also being shared throughout the entire C-Suite.  Security issues now influence brand reputation, brand trust and consumer trust, which forces organizations to make a fundamental shift in thinking about the role of security in customer experience, marketing and business operations.”

But while the C-Suite has increased its focus on cybersecurity efforts, companies still have a long way to go to protect themselves. A majority (70%) of senior executives surveyed in North America and Europe report their company experienced a cyberattack in the prior twelve months, and 75% of surveyed participants in EMEA say their networks are susceptible to cyberattacks.

In addition, Radware’s 2019 C-Suite Perspectives revealed:

  • The road to improved security isn’t always secure. As organizations ramp up their digital transformation efforts, which often include embracing the public cloud, 54% of respondents report improving information security is one of their top three reasons for initiating digital transformation processes. However, 73% of executives indicate they have had unauthorized access to their public cloud assets.
  • Data breaches are most common in Europe, despite GDPR regulations. 74% of European executives report they have experienced a data breach in the past 12 months, compared to 53% in America and 44% in APAC. Half (52%) of executives in Europe have experienced a self-reported incident under GDPR in the past year.
  • Bots continue to impact bottom-line business. Executives are discussing bots in their board management meetings. 53% say they’ve encountered reduced website revenue due to inventory hold-ups by bots, 51% report bots skewing marketing analytics, and 36% have talked about abuse of user accounts or payment information.
  • Investments in machine learning & AI are growing. The majority of respondents (82%) have shifted more budget into machine learning/AI over the past two years.  This represents a continued focus on automation as just 71% said the same in 2018.  Individual regions report allocating an average of 37% of their security budget toward AI security systems (Americas 49%, EMEA 30%, and APAC 31%).
  • Customers increasingly take action following a breach.  Following a data breach, survey participants report an average churn of 30% of customers.  They estimate the average investment to win a customer back at almost $100,000.

The report provides a detailed analysis of the views and insights from 263 senior leaders at organizations primarily with revenue in excess of 1 billion USD/EUR/GBP around the world. Respondents this year represent the following vertical markets: 30% financial services, 21% retail/hospitality, 21% telecom/service provider, 7% manufacturing/distribution, 7% computer products/services, 6% business services/consulting, and 9% other.

Methodology:
On behalf of Radware, Merrill Research surveyed 263 executives from across the globe. To participate in the 2019 C-Suite Perspectives respondents were required to be a company with at least 250 million USD/EUR/GBP/RMB in revenue and hold a title of senior vice president level or higher. Four in five companies that participated in the survey have revenue of 1 billion USD/EUR/GBP or more. By design, the survey required at least half respondents to be C-level executives, though this year’s research attracted far more C-level corporate leaders (94%). Three out of five of the companies in the survey have 1,000 to 9,999 employees, overall averaging about 5,378.

To read the full report on the survey’s findings, download it here.

THIS PRESS RELEASE REPORT AND SURVEY ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE’S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT OR FUTURE PERIOD.

About Radware
Radware® (NASDAQ: RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower more than 12,500 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.

Radware encourages you to join our community and follow us on: FacebookLinkedInRadware Blog, TwitterYouTubeRadware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.

©2019 Radware Ltd. All rights reserved. The Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

Safe Harbor Statement
This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, reference is made to Radware’s Annual Report on Form 20-F, which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

Media Contacts:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com

Investor Relations:
Anat Earon-Heilborn
+972 723917548
ir@radware.com

Radware Survey: Cybersecurity is no Longer a Cost Factor for $1B Organizations; Rather It’s a Business Driver

  • Cybersecurity is Becoming a Shared Responsibility Across All Members of the C-Suite
  • 75% of Executives Say Security is a Key Component in Their Marketing Strategy
  • 72% of Executives Note Information Security as a Recurring Agenda Item in Every Board Meeting

MAHWAH, N.J., June 18, 2019 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today released the findings of its 2019 C-Suite Perspectives: From Defense to Offense, Executives Turn Information Security Into a Competitive Advantage report, in which Radware found that cybersecurity is now recognized as a key business driver by the C-Suite.  Executives that participated in the survey found that the four main business impacts of a security incident were customer loss (45%), brand reputation loss (44%) and revenue loss or operational (32% each). The predominance of cybersecurity as a business issue extends to the board, with a majority (72%) of executives reporting information security is an agenda item for every board meeting.

All of this with good reason, as respondents estimated an average cost per attack of about $4.6M and the proportion of respondents estimating that the total cost of cyberattacks to their organization is more than $10M nearly doubled in frequency from 2018 (7%) to 2019 (13%).  At the same time, customers want to understand what companies have done to secure their products and services.  75% of executives report that security is a key part of their marketing messages. 50% of companies surveyed offer dedicated security products and services to their customers. Additionally, 41% offer security features as add-ons within their products and services, and another 7% are considering building security services into their products.

“Because organizations have spent billions digitally transforming themselves over the years to create faster, easier and more numerous access points to their customers, they have also increased their vulnerability in equal measure,” said Anna Convery-Pelletier, Chief Marketing Officer at Radware. “This year’s C-Suite Perspectives report shines a spotlight on increased sophistication of management philosophy for information security and security strategy.  While responsibility for cybersecurity continues to be spearheaded by the CIO and CISO, it is also being shared throughout the entire C-Suite.  Security issues now influence brand reputation, brand trust and consumer trust, which forces organizations to make a fundamental shift in thinking about the role of security in customer experience, marketing and business operations.”

But while the C-Suite has increased its focus on cybersecurity efforts, companies still have a long way to go to protect themselves. A majority (70%) of senior executives surveyed in North America and Europe report their company experienced a cyberattack in the prior twelve months, and 75% of surveyed participants in EMEA say their networks are susceptible to cyberattacks.

In addition, Radware’s 2019 C-Suite Perspectives revealed:

  • The road to improved security isn’t always secure. As organizations ramp up their digital transformation efforts, which often include embracing the public cloud, 54% of respondents report improving information security is one of their top three reasons for initiating digital transformation processes. However, 73% of executives indicate they have had unauthorized access to their public cloud assets.
  • Data breaches are most common in Europe, despite GDPR regulations. 74% of European executives report they have experienced a data breach in the past 12 months, compared to 53% in America and 44% in APAC. Half (52%) of executives in Europe have experienced a self-reported incident under GDPR in the past year.
  • Bots continue to impact bottom-line business. Executives are discussing bots in their board management meetings. 53% say they’ve encountered reduced website revenue due to inventory hold-ups by bots, 51% report bots skewing marketing analytics, and 36% have talked about abuse of user accounts or payment information.
  • Investments in machine learning & AI are growing. The majority of respondents (82%) have shifted more budget into machine learning/AI over the past two years.  This represents a continued focus on automation as just 71% said the same in 2018.  Individual regions report allocating an average of 37% of their security budget toward AI security systems (Americas 49%, EMEA 30%, and APAC 31%).
  • Customers increasingly take action following a breach.  Following a data breach, survey participants report an average churn of 30% of customers.  They estimate the average investment to win a customer back at almost $100,000.

The report provides a detailed analysis of the views and insights from 263 senior leaders at organizations primarily with revenue in excess of 1 billion USD/EUR/GBP around the world. Respondents this year represent the following vertical markets: 30% financial services, 21% retail/hospitality, 21% telecom/service provider, 7% manufacturing/distribution, 7% computer products/services, 6% business services/consulting, and 9% other.

Methodology:
On behalf of Radware, Merrill Research surveyed 263 executives from across the globe. To participate in the 2019 C-Suite Perspectives respondents were required to be a company with at least 250 million USD/EUR/GBP/RMB in revenue and hold a title of senior vice president level or higher. Four in five companies that participated in the survey have revenue of 1 billion USD/EUR/GBP or more. By design, the survey required at least half respondents to be C-level executives, though this year’s research attracted far more C-level corporate leaders (94%). Three out of five of the companies in the survey have 1,000 to 9,999 employees, overall averaging about 5,378.

To read the full report on the survey’s findings, download it here.

THIS PRESS RELEASE REPORT AND SURVEY ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE’S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT OR FUTURE PERIOD.

About Radware
Radware® (NASDAQ: RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower more than 12,500 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.

Radware encourages you to join our community and follow us on: FacebookLinkedInRadware Blog, TwitterYouTubeRadware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.

©2019 Radware Ltd. All rights reserved. The Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

Safe Harbor Statement
This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, reference is made to Radware’s Annual Report on Form 20-F, which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

Media Contacts:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com

Investor Relations:
Anat Earon-Heilborn
+972 723917548
ir@radware.com

Carpenter Technology Advances Aerospace Industry’s Shift to Electric

LE BOURGET, France, June 18, 2019 (GLOBE NEWSWIRE) — Carpenter Technology (NYSE: CRS) today announced its involvement with multiple OEMs to progress their electric aircraft aspirations.  Carpenter Technology will provide advanced soft magnetic expertise and ultra-efficient electrical components to be used in R&D and demonstrator motors and engines, leading to construction of lighter-weight, longer-lasting electric propulsion systems.  Alongside its partners, Carpenter Technology’s goal is to enable development of the highest power density motors available.

“As the industry leader in electric propulsion material solutions, we are well positioned to support the development of electric systems to power the aircraft of tomorrow,” says Marshall Akins, Carpenter Technology’s Vice President, Aerospace Markets. “Our long history and comprehensive knowledge of how to develop and process these type of material solutions and then translate them into finished components so they function successfully will continue to be a key contributor to our customer’s success.”

Carpenter Technology’s portfolio covers a range of solutions from maximizing magnetic performance to optimally balancing yield stregnth and core loss in rotating components.  Already a leading industry producer of soft magnetic materials, Carpenter Technology recently announced a $100M investment in a precision strip mill to expand its soft magnetic capabilities to serve aerospace and other industries looking to realize the benefits of electric power.  Paris Air Show attendees are invited to visit Carpenter Technology’s booth, located at Hall 5, E232, to learn more.

Media/Investor Inquiries

Carpenter Technology – Media Inquiries
Heather Beardsley
+1 610-208-3892
hbeardsley@cartech.com

Carpenter Technology – Investor Inquiries
Brad Edwards
The Plunkett Group
+1 212-739-6740
brad@theplunkettgroup.com

More information:

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, transportation, energy, industrial, medical, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. Carpenter Technology has expanded its AM capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline parts production. More information about Carpenter Technology can be found at www.carpentertechnology.com.

WillScot Announces Appointment of General Counsel

BALTIMORE, June 17, 2019 (GLOBE NEWSWIRE) — WillScot Corporation (“WillScot”) (Nasdaq: WSC) today announced the appointment of Mr. Hezron Timothy Lopez to serve as the Company’s Vice President, General Counsel & Corporate Secretary, effective June 17, 2019.

Mr. Lopez joins WillScot after having served from 2012 to 2018 as Senior Vice President, General Counsel and Corporate Secretary of Herman Miller, Inc., a Nasdaq-listed manufacturer of home and office furniture. From 2008 to 2012, Mr. Lopez served as Associate General Counsel and Head of Merger & Acquisition, Commercial and International for A. O. Smith Corporation, a manufacturer of water heating equipment and water treatment products.

About WillScot Corporation

Headquartered in Baltimore, Maryland, WillScot (Nasdaq: WSC) is the public holding company for the Williams Scotsman family of companies and is the specialty rental services market leader providing innovative modular space and portable storage solutions across North America. WillScot is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, WillScot serves a broad customer base from over 120 locations throughout the U.S., Canada and Mexico, with a fleet of approximately 160,000 modular space and portable storage units.

Additional Information and Where to Find It

Additional information about WillScot can be found on its investor relations website: https://investors.willscot.com.

Contact Information

Investor Inquiries:

Mark Barbalato
investors@willscot.com

Media Inquiries:

Scott Junk
scott.junk@willscot.com

Ministry to probe into padi seed suppliers – Salahuddin

TEMERLOH–The Agriculture and Agro-based Industry Ministry has assured that investigations into the nine padi seed suppliers will be carried out soon in addressing the problem of poor quality seeds.

Its minister, Datuk Salahuddin Ayub, said the ministry’s deputy secretary-general Datuk Salim Parjan would be heading the special task force team and appropriate action would be taken on completion of the investigation.

“We have to be firm and must not accept excuses from the suppliers anymore for years the farmers have been lamenting over the issue of poor quality seeds.

“I will be getting the report soon and we will ensure better control so that policies and procedures are complied with in future,” he told reporters at a Hari Raya celebration organised by the National Fishermen’s Association (Nekmat) here today.

He was commenting on recent media reports on claims by padi farmers that their poor income was due to the poor quality seeds which have been supplied to them.

Source: BERNAMA (News Agency)

Police bust two drug syndicates in five-day city operation

KUALA LUMPUR — Police here crippled two drug syndicates with the arrests of 13 individuals and the seizure of drugs worth RM146,000 in a five-day operation in the city from last Thursday.

Sentul district police chief ACP S. Shanmugamoorthy Chinniah said the suspects, aged between 30 and 56, and comprising 10 male and two female local suspects, and a Indian national were arrested by a team from the Sentul district police headquarters narcotics criminal investigations department.

The first syndicate was busted on Thursday when a 56-year-old man was nabbed in Jalan Segambut at 11.30am with a packet of heroin found on him.

Following his arrest, police arrested six more suspects around the city on Friday and Saturday and seized an assortment of drugs as well as cash amounting to RM79,000.

Six of the suspects tested positive for drug use, besides having previous criminal records as well, he told a press conference here, today.

The second syndicate, meanwhile, was crippled when police arrested five men and a woman at the Medan Putra Business Centre at 2am early Monday.

Checks on one of their cars led to the discovery of various types of drugs such as heroin, methamphetamine dan yaba pills, all worth RM22,300.

Three of the suspects tested positive for drugs and one of them had a previous criminal record, he said.

Shanmugamoorthy said investigations revealed that the two groups have been active in the illegal drug distribution business in the Klang Valley in the past three months.

Police believe the seized drugs were for the consumption of more than 7,000 addicts, he said.

All of the suspects have been remanded for a week beginning last Friday, and the case is being investigated under Section 39B of the Dangerous Drugs Act 1952.

Source: BERNAMA (News Agency)